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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2021
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, bath hardware and accessories, bath units, tubs and shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, toilets, spas, exercise pools and fitness systems and water handling systems. Decorative Architectural Products – principally includes paints and other coating products, paint applicators and accessories, lighting fixtures, ceiling fans, landscape lighting 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, wholesalers and distributors, mass merchandisers, hardware stores, direct to the consumer and homebuilders. 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 C, our previously reported Windows and Other Specialty Products as well as Cabinetry Products segments were classified as discontinued operations in 2019. Q. SEGMENT INFORMATION (Concluded) Information by segment and Geographic Area was as follows, in millions:
| Year Ended December 31, |  | At December 31,
| Net Sales (1)(2)(3)(4) |  | Operating Profit (5) |  | Assets (6)
| 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
Our operations by segment were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 5,135 |  |  | $ | 4,136 |  |  | $ | 3,984 |  |  | $ | 929 |  |  | $ | 806 |  |  | $ | 708 |  |  | $ | 3,195 |  |  | $ | 2,822 |  |  | $ | 2,375 |
Decorative Architectural Products | 3,240 |  |  | 3,052 |  |  | 2,723 |  |  | 581 |  |  | 583 |  |  | 480 |  |  | 1,781 |  |  | 1,633 |  |  | 1,526 |
Total | $ | 8,375 |  |  | $ | 7,188 |  |  | $ | 6,707 |  |  | $ | 1,510 |  |  | $ | 1,389 |  |  | $ | 1,188 |  |  | $ | 4,976 |  |  | $ | 4,455 |  |  | $ | 3,901 |
Our operations by Geographic Area were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 6,624 |  |  | $ | 5,805 |  |  | $ | 5,328 |  |  | $ | 1,214 |  |  | $ | 1,167 |  |  | $ | 987 |  |  | $ | 3,510 |  |  | $ | 3,101 |  |  | $ | 2,785 |
International, principally Europe | 1,751 |  |  | 1,383 |  |  | 1,379 |  |  | 296 |  |  | 222 |  |  | 201 |  |  | 1,466 |  |  | 1,354 |  |  | 1,116 |
Total, as above | $ | 8,375 |  |  | $ | 7,188 |  |  | $ | 6,707 |  |  | 1,510 |  |  | 1,389 |  |  | 1,188 |  |  | 4,976 |  |  | 4,455 |  |  | 3,901 |
General corporate expense, net (5) |  |  |  |  |  |  | (105) |  |  | (94) |  |  | (100) |  |  |  |  |  |  |
Operating profit, as reported |  |  |  |  |  |  | 1,405 |  |  | 1,295 |  |  | 1,088 |  |  |  |  |  |  |
Other income (expense), net |  |  |  |  |  |  | (717) |  |  | (164) |  |  | (174) |  |  |  |  |  |  |
Income from continuing operations before income taxes |  |  |  |  |  |  | $ | 688 |  |  | $ | 1,131 |  |  | $ | 914 |  |  |  |  |  |  |
Corporate assets |  |  |  |  |  |  |  |  |  |  |  |  | 599 |  |  | 1,322 |  |  | 598 |
Assets held for sale (8) |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  | 528 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,575 |  |  | $ | 5,777 |  |  | $ | 5,027 |
| Year Ended December 31,
| Property Additions (7) |  | Depreciation and Amortization
| 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
Our operations by segment were: |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 94 |  |  | $ | 86 |  |  | $ | 108 |  |  | $ | 101 |  |  | $ | 84 |  |  | $ | 80 |
Decorative Architectural Products | 31 |  |  | 25 |  |  | 18 |  |  | 37 |  |  | 41 |  |  | 41 |
| 125 |  |  | 111 |  |  | 126 |  |  | 138 |  |  | 125 |  |  | 121 |
Unallocated amounts, principally related to corporate assets | 3 |  |  | 2 |  |  | 2 |  |  | 13 |  |  | 8 |  |  | 9 |
Discontinued operations | — |  |  | 1 |  |  | 34 |  |  | — |  |  | — |  |  | 29 |
Total | $ | 128 |  |  | $ | 114 |  |  | $ | 162 |  |  | $ | 151 |  |  | $ | 133 |  |  | $ | 159 |
______________________________ (1)Included in net sales were export sales from the U.S. of $322 million, $274 million and $244 million in 2021, 2020 and 2019, respectively. (2)Excluded from net sales were intra-company sales between segments of less than one percent in 2021, 2020 and 2019. (3)Included in net sales were sales to one customer of $3,037 million, $2,812 million and $2,481 million in 2021, 2020 and 2019, respectively. Such net sales were included in each of our segments. (4)Net sales from our operations in the U.S. were $6,387 million, $5,592 million and $5,127 million in 2021, 2020 and 2019, 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 $1,332 million and $546 million, $1,301 million and $522 million, and $1,198 million and $470 million at December 31, 2021, 2020 and 2019, respectively. (7)Property additions exclude amounts paid for long-lived assets as part of acquisitions. (8)Related to the divestiture of our Cabinetry business.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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