SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

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.