XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2016
Segment Information | Segment Information We evaluate performance based on net sales and segment income (loss) and use a variety of ratios to measure performance of our reporting segments. Segment income (loss) represents equity income of unconsolidated subsidiaries and operating income exclusive of intangible amortization, certain acquisition related expenses, costs of restructuring activities, "mark-to-market" gain/loss for pension and other post-retirement plans, impairments and other unusual non-operating items. Financial information by reportable segment is as follows:
| Three months ended |  | Nine months ended
In millions | September 30, 2016 | September 26, 2015 |  | September 30, 2016 | September 26, 2015
Net sales |  |  |  |  |
Water Quality Systems | $ | 328.6 |  | $ | 322.0 |  |  | $ | 1,057.2 |  | $ | 1,016.6 |
Flow & Filtration Solutions | 342.7 |  | 362.7 |  |  | 1,049.1 |  | 1,087.4 |
Technical Solutions | 543.1 |  | 432.3 |  |  | 1,608.3 |  | 1,235.2 |
Other | (3.7 | ) | (4.2 | ) |  | (12.7 | ) | (11.8 | )
Consolidated | $ | 1,210.7 |  | $ | 1,112.8 |  |  | $ | 3,701.9 |  | $ | 3,327.4 |
Segment income (loss) |  |  |  |  |
Water Quality Systems | $ | 69.6 |  | $ | 60.5 |  |  | $ | 229.5 |  | $ | 200.5 |
Flow & Filtration Solutions | 49.5 |  | 53.2 |  |  | 144.5 |  | 146.7 |
Technical Solutions | 119.6 |  | 101.0 |  |  | 344.0 |  | 265.0 |
Other | (22.5 | ) | (27.2 | ) |  | (82.9 | ) | (85.4 | )
Consolidated | $ | 216.2 |  | $ | 187.5 |  |  | $ | 635.1 |  | $ | 526.8 |
The following table presents a reconciliation of consolidated segment income to consolidated operating income:
| Three months ended |  | Nine months ended
In millions | September 30, 2016 | September 26, 2015 |  | September 30, 2016 | September 26, 2015
Segment income | $ | 216.2 |  | $ | 187.5 |  |  | $ | 635.1 |  | $ | 526.8 |
Restructuring and other | (8.1 | ) | (3.9 | ) |  | (20.9 | ) | (20.1 | )
Intangible amortization | (24.1 | ) | (14.8 | ) |  | (72.6 | ) | (43.8 | )
Inventory step-up | — |  | (1.4 | ) |  | — |  | (2.9 | )
Transaction costs | — |  | (14.3 | ) |  | — |  | (14.3 | )
Equity income of unconsolidated subsidiaries | (1.2 | ) | (0.2 | ) |  | (2.7 | ) | (1.3 | )
Operating income | $ | 182.8 |  | $ | 152.9 |  |  | $ | 538.9 |  | $ | 444.4 |

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration