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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2013

SEGMENT INFORMATION

Schedule of information about the Company by segment and geographic area

  Information about the Company by segment and geographic area was as follows, in millions:

		Net Sales (1)(2)(3)(4)(5)									Operating Profit (Loss) (5)(6)									Assets at December 31 (9)(10)
		2013			2012			2011			2013			2012			2011			2013			2012			2011
The Company's operations by segment were:
Cabinets and Related Products		$	1,014		$	939		$	934		$	(10	)	$	(89	)	$	(126	)	$	659		$	700		$	792
Plumbing Products			3,183			2,955			2,913			394			307			322			2,040			2,012			1,959
Installation and Other Services			1,412			1,209			1,077			37			(19	)		(79	)		1,465			1,444			1,427
Decorative Architectural Products			1,927			1,818			1,670			351			329			196			812			799			770
Other Specialty Products			637			574			576			35			(31	)		(401	)		693			704			768
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total		$	8,173		$	7,495		$	7,170		$	807		$	497		$	(88	)	$	5,669		$	5,659		$	5,716
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
The Company's operations by geographic area were:
North America		$	6,634		$	6,046		$	5,669		$	649		$	360		$	(259	)	$	4,295		$	4,363		$	4,441
International, principally Europe			1,539			1,449			1,501			158			137			171			1,374			1,296			1,275
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total, as above		$	8,173		$	7,495		$	7,170			807			497			(88	)		5,669			5,659			5,716
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
General corporate expense, net (7)												(134	)		(126	)		(118	)
Charge for litigation settlements, net (8)												—			(77	)		(9	)
Gain from sales of fixed assets, net												—			8			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Operating profit (loss), as reported												673			302			(215	)
Other income (expense), net												(239	)		(229	)		(177	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income (loss) from continuing operations before income taxes											$	434		$	73		$	(392	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Corporate assets																					1,264			1,013			1,339
Assets held for sale																					—			203			242
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total assets																				$	6,933		$	6,875		$	7,297
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

											Depreciation and Amortization (5)
		Property Additions (5)									2013			2012			2011
		2013			2012			2011
The Company's operations by segment were:
Cabinets and Related Products		$	9		$	15		$	14		$	42		$	57		$	66
Plumbing Products			71			67			85			65			69			68
Installation and Other Services			14			11			9			27			30			32
Decorative Architectural Products			16			11			8			17			15			15
Other Specialty Products			10			11			17			22			21			48
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
			120			115			133			173			192			229
Unallocated amounts, principally related to corporate assets			4			2			6			11			11			16
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total		$	124		$	117		$	139		$	184		$	203		$	245
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

(1)

Included in net sales were export sales from the U.S. of $227 million, $229 million and $241 million in 2013, 2012 and 2011, respectively.

(2)

Excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2013, 2012 and 2011.

(3)

Included in net sales were sales to one customer of $2,280 million, $2,143 million and $1,984 million in 2013, 2012 and 2011, respectively. Such net sales were included in the following segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products.

(4)

Net sales from the Company's operations in the U.S. were $6,359 million, $5,793 million and $5,394 million in 2013, 2012 and 2011, respectively.

(5)

Net sales, operating (loss) profit, property additions and depreciation and amortization expense for 2013, 2012 and 2011 excluded the results of businesses reported as discontinued operations in 2013, 2012 and 2011.

(6)

Included in segment operating profit (loss) for 2012 was an impairment charge for other intangible assets as follows: Other Specialty Products – $42 million. Included in segment operating (loss) profit for 2011 were impairment charges for goodwill and other intangible assets as follows: Plumbing Products – $1 million; Decorative Architectural Products – $75 million; and Other Specialty Products – $374 million.

(7)

General corporate expense, net included those expenses not specifically attributable to the Company's segments.

(8)

The charge for litigation settlement, net in 2012 primarily relates to a business in the Installation and Other Services segment and in 2011 relates to business units in the Cabinets and Related Products and the Other Specialty Products segments.

(9)

Long-lived assets of the Company's operations in the U.S. and Europe were $2,685 million and $481 million, $2,792 million and $467 million, and $2,962 million and $455 million at December 31, 2013, 2012 and 2011, respectively.

(10)

Segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 21

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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 25

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

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-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

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-Section 50

-Paragraph 22

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599

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