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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Our reportable segments are as follows: Plumbing Products – principally includes faucets, plumbing system components and valves, showerheads and handheld showers, tubs and shower bases and enclosures, toilets, spas, exercise pools and water handling systems. Decorative Architectural Products – principally includes paints and other coating products, lighting fixtures and LED lighting systems, and cabinet and other hardware. The above products are sold to the residential repair and remodel and to a lesser extent the new home construction markets through home center retailers, online retailers, mass merchandisers, hardware stores, homebuilders, distributors 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. Other than those assets specifically identified within a segment, corporate assets consist primarily of property and equipment, right-of-use assets, deferred tax assets, 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 and, other than general corporate expense, allocate specific corporate overhead to each segment. As described in Note B, our previously reported Windows and Other Specialty Products as well as Cabinetry Products segments have been classified as discontinued operations, which required retrospective application to the balance sheets and statements of operations, as well as, additional disclosures of certain cash flow financial information for all periods presented. Amounts for shared general and administrative operating expenses that were allocated to these businesses in prior periods have been re-allocated to general corporate expense. P. SEGMENT INFORMATION (Continued) Divestitures not included in discontinued operations consists of our previously owned Arrow and Moores businesses which were disposed of in 2017, but were not accounted for as discontinued operations. Information by segment and geographic area was as follows, in millions:
| Net Sales (1)(2)(3)(4) |  | Operating Profit (5) |  | Assets at December 31 (6)
| 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018 |  | 2017
Our operations by segment were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 3,984 |  |  | $ | 3,998 |  |  | $ | 3,732 |  |  | $ | 708 |  |  | $ | 715 |  |  | $ | 702 |  |  | $ | 2,375 |  |  | $ | 2,253 |  |  | $ | 2,298 |
Decorative Architectural Products | 2,723 |  |  | 2,656 |  |  | 2,206 |  |  | 480 |  |  | 456 |  |  | 438 |  |  | 1,526 |  |  | 1,534 |  |  | 965 |
Total | $ | 6,707 |  |  | $ | 6,654 |  |  | $ | 5,938 |  |  | $ | 1,188 |  |  | $ | 1,171 |  |  | $ | 1,140 |  |  | $ | 3,901 |  |  | $ | 3,787 |  |  | $ | 3,263 |
Our operations by geographic area were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 5,328 |  |  | $ | 5,208 |  |  | $ | 4,568 |  |  | $ | 987 |  |  | $ | 954 |  |  | $ | 924 |  |  | $ | 2,785 |  |  | $ | 2,729 |  |  | $ | 2,131 |
International, principally Europe | 1,379 |  |  | 1,446 |  |  | 1,370 |  |  | 201 |  |  | 217 |  |  | 216 |  |  | 1,116 |  |  | 1,058 |  |  | 1,132 |
Total, as above | 6,707 |  |  | 6,654 |  |  | 5,938 |  |  | 1,188 |  |  | 1,171 |  |  | 1,140 |  |  | 3,901 |  |  | 3,787 |  |  | 3,263 |
Divestitures not included in discontinued operations | — |  |  | — |  |  | 76 |  |  | — |  |  | — |  |  | (6 | ) |  |  |  |  |  |
Net sales, as reported | $ | 6,707 |  |  | $ | 6,654 |  |  | $ | 6,014 |  |  |  |  |  |  |  |  |  |  |  |  |
General corporate expense, net (5) |  |  |  |  |  |  | (100 | ) |  | (94 | ) |  | (105 | ) |  |  |  |  |  |  |  |  |
Operating profit, as reported |  |  |  |  |  |  | 1,088 |  |  | 1,077 |  |  | 1,029 |  |  |  |  |  |  |  |  |  |
Other income (expense), net |  |  |  |  |  |  | (174 | ) |  | (170 | ) |  | (311 | ) |  |  |  |  |  |  |  |  |
Income from continuing operations before income taxes |  |  |  |  |  |  | $ | 914 |  |  | $ | 907 |  |  | $ | 718 |  |  |  |  |  |  |  |  |  |
Corporate assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 598 |  |  | 411 |  |  | 1,069 |
Assets held for sale |  |  |  |  |  |  |  |  |  |  |  |  | 528 |  |  | 1,195 |  |  | 1,202 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,027 |  |  | $ | 5,393 |  |  | $ | 5,534 |
P. SEGMENT INFORMATION (Concluded)
| Property Additions (7) |  | Depreciation and Amortization
| 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018 |  | 2017
Our operations by segment were: |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 108 |  |  | $ | 120 |  |  | $ | 115 |  |  | $ | 80 |  |  | $ | 77 |  |  | $ | 63 |
Decorative Architectural Products | 18 |  |  | 54 |  |  | 19 |  |  | 41 |  |  | 35 |  |  | 16 |
| 126 |  |  | 174 |  |  | 134 |  |  | 121 |  |  | 112 |  |  | 79 |
Unallocated amounts, principally related to corporate assets | 2 |  |  | 7 |  |  | 12 |  |  | 9 |  |  | 8 |  |  | 13 |
Divestitures not included in discontinued operations | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Discontinued operations | 34 |  |  | 38 |  |  | 26 |  |  | 29 |  |  | 36 |  |  | 34 |
Total | $ | 162 |  |  | $ | 219 |  |  | $ | 173 |  |  | $ | 159 |  |  | $ | 156 |  |  | $ | 127 |
(1) | Included in net sales were export sales from the U.S. of $244 million, $237 million and $207 million in 2019, 2018 and 2017, respectively.
(2) | Excluded from net sales were intra-company sales between segments of less than one percent in 2019, 2018 and 2017.
(3) | Included in net sales were sales to one customer of $2,481 million, $2,457 million and $2,341 million in 2019, 2018 and 2017, respectively. Such net sales were included in each of our segments.
(4) | Net sales from our operations in the U.S. were $5,127 million, $5,034 million and $4,352 million in 2019, 2018 and 2017, respectively.
(5) | General corporate expense, net included those expenses not specifically attributable to our segments.
(6) | Long-lived assets of our operations in the U.S. and Europe were $1,198 million and $470 million, $1,119 million and $446 million, and $777 million and $431 million at December 31, 2019, 2018 and 2017, respectively.
(7) Property additions exclude amounts paid for long-lived assets as part of acquisitions. Refer to Note C for further information.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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