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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Our reportable segments are as follows: Plumbing Products – principally includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas; and exercise pools. Decorative Architectural Products – principally includes paints and other coating products; and cabinet, door, window and other hardware. Cabinetry Products – principally includes assembled kitchen and bath cabinets; home office workstations; entertainment centers; and storage products. Windows and Other Specialty Products – principally includes windows; window frame components; patio doors; staple gun tackers; staples; and other fastening tools. The above products are sold to the home improvement and new home construction markets through home center retailers, mass merchandisers, hardware stores, homebuilders, distributors and other outlets for consumers and contractors and direct to the customer. Our operations are principally located in North America and Europe. Our country of domicile is the United States of America. Corporate assets consist primarily of real property, equipment, cash and cash investments and other investments. Our segments are based upon similarities in products and represent the aggregation of operating units, for which financial information is regularly evaluated by our corporate operating executive in determining resource allocation and assessing performance, and is periodically reviewed by the Board of Directors. Accounting policies for the segments are the same as those for us. We primarily evaluate performance based upon operating profit (loss) and, other than general corporate expense, allocate specific corporate overhead to each segment. The evaluation of segment operating profit (loss) also excludes the income from litigation settlements. Information 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 (8)
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Our operations by segment were: (9) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 3,526 |  |  | $ | 3,341 |  |  | $ | 3,308 |  |  | $ | 642 |  |  | $ | 512 |  |  | $ | 512 |  |  | $ | 2,009 |  |  | $ | 1,972 |  |  | $ | 1,989 |
Decorative Architectural Products | 2,092 |  |  | 2,020 |  |  | 1,998 |  |  | 430 |  |  | 403 |  |  | 360 |  |  | 894 |  |  | 874 |  |  | 857 |
Cabinetry Products | 970 |  |  | 1,025 |  |  | 999 |  |  | 93 |  |  | 51 |  |  | (62 | ) |  | 537 |  |  | 567 |  |  | 608 |
Windows and Other Specialty Products | 769 |  |  | 756 |  |  | 701 |  |  | (3 | ) |  | 57 |  |  | 47 |  |  | 743 |  |  | 748 |  |  | 702 |
Total | $ | 7,357 |  |  | $ | 7,142 |  |  | $ | 7,006 |  |  | $ | 1,162 |  |  | $ | 1,023 |  |  | $ | 857 |  |  | $ | 4,183 |  |  | $ | 4,161 |  |  | $ | 4,156 |
Our operations by geographic area were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 5,834 |  |  | $ | 5,645 |  |  | $ | 5,377 |  |  | $ | 961 |  |  | $ | 841 |  |  | $ | 643 |  |  | $ | 3,001 |  |  | $ | 2,925 |  |  | $ | 2,861 |
International, principally Europe | 1,523 |  |  | 1,497 |  |  | 1,629 |  |  | 201 |  |  | 182 |  |  | 214 |  |  | 1,182 |  |  | 1,236 |  |  | 1,295 |
Total, as above | $ | 7,357 |  |  | $ | 7,142 |  |  | $ | 7,006 |  |  | 1,162 |  |  | 1,023 |  |  | 857 |  |  | 4,183 |  |  | 4,161 |  |  | 4,156 |
General corporate expense, net (6) |  |  |  |  |  |  | (109 | ) |  | (109 | ) |  | (145 | ) |  |  |  |  |  |  |  |  |
Income from litigation settlements (7) |  |  |  |  |  |  | — |  |  | — |  |  | 9 |  |  |  |  |  |  |  |  |  |
Operating profit, as reported |  |  |  |  |  |  | 1,053 |  |  | 914 |  |  | 721 |  |  |  |  |  |  |  |  |  |
Other income (expense), net |  |  |  |  |  |  | (223 | ) |  | (225 | ) |  | (214 | ) |  |  |  |  |  |  |  |  |
Income from continuing operations before income taxes |  |  |  |  |  |  | $ | 830 |  |  | $ | 689 |  |  | $ | 507 |  |  |  |  |  |  |  |  |  |
Corporate assets (10) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 954 |  |  | 1,503 |  |  | 1,576 |
Assets held for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  | 1,476 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,137 |  |  | $ | 5,664 |  |  | $ | 7,208 |
P. SEGMENT INFORMATION (Concluded)
| Property Additions (5) |  | Depreciation and Amortization (5)
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Our operations by segment were: (9) |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 110 |  |  | $ | 87 |  |  | $ | 65 |  |  | $ | 57 |  |  | $ | 56 |  |  | $ | 63 |
Decorative Architectural Products | 22 |  |  | 16 |  |  | 12 |  |  | 16 |  |  | 16 |  |  | 16 |
Cabinetry Products | 8 |  |  | 6 |  |  | 9 |  |  | 21 |  |  | 24 |  |  | 33 |
Windows and Other Specialty Products | 30 |  |  | 41 |  |  | 28 |  |  | 21 |  |  | 18 |  |  | 18 |
| 170 |  |  | 150 |  |  | 114 |  |  | 115 |  |  | 114 |  |  | 130 |
Unallocated amounts, principally related to corporate assets | 10 |  |  | 1 |  |  | 1 |  |  | 19 |  |  | 13 |  |  | 11 |
Total | $ | 180 |  |  | $ | 151 |  |  | $ | 115 |  |  | $ | 134 |  |  | $ | 127 |  |  | $ | 141 |
(1) | Included in net sales were export sales from the U.S. of $226 million, $217 million and $228 million in 2016, 2015 and 2014, respectively.
(2) | Excluded from net sales were intra-company sales between segments of less than one percent in 2016, 2015 and 2014.
(3) | Included in net sales were sales to one customer of $2,480 million, $2,378 million and $2,310 million in 2016, 2015 and 2014, respectively. Such net sales were included in each of our segments.
(4) | Net sales from our operations in the U.S. were $5,605 million, $5,407 million and $5,112 million in 2016, 2015 and 2014, respectively.
(5) | Net sales, operating profit (loss), property additions and depreciation and amortization expense for 2015 and 2014 excluded the results of businesses reported as discontinued operations.
(6) | General corporate expense, net included those expenses not specifically attributable to our segments.
(7) | The income from litigation settlements in 2014 relates to a business in our Decorative Architectural Products segment.
(8) | Long-lived assets of our operations in the U.S. and Europe were $1,508 million and $417 million, $1,487 million and $427 million, and $1,470 million and $428 million at December 31, 2016, 2015 and 2014, respectively.
(9) | In 2016, we renamed our Cabinetry Products and Windows and Other Specialty Products segments. The name change did not impact the review of financial information by our corporate operating executive or the composition of the segments.
(10) | Corporate assets at December 31, 2014 has not been recasted for the impact of the adoption of Accounting Standards Update 2015-03, as amended by Accounting Standards Update 2015-15, which required the reclassification of certain debt issuance costs from an asset to a liability. Total debt issuance costs subject to reclassification would have been $15 million at December 31, 2014.

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- 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
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