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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2019

Revenue Recognition

Schedule of disaggregation of revenue

For the second quarter ended June 30, 2019

For the six months ended June 30, 2019

(in millions)

(in millions)

Distribution Channel

Americas

Europe

APMEA

Consolidated

Americas

Europe

APMEA

Consolidated

Wholesale

$

162.0

$

75.2

$

15.6

$

252.8

$

307.6

$

154.7

$

28.2

$

490.5

OEM

21.9

37.4

0.3

59.6

42.7

73.4

0.9

117.0

Specialty

87.9

—

0.7

88.6

163.9

—

1.0

164.9

DIY

15.2

0.6

—

15.8

31.7

1.4

—

33.1

Total

$

287.0

$

113.2

$

16.6

$

416.8

$

545.9

$

229.5

$

30.1

$

805.5

For the second quarter ended June 30, 2019

For the six months ended June 30, 2019

(in millions)

(in millions)

Principal Product Line

Americas

Europe

APMEA

Consolidated

Americas

Europe

APMEA

Consolidated

Residential & Commercial Flow Control

$

161.3

$

43.6

$

11.6

$

216.5

$

308.7

$

89.1

$

22.3

$

420.1

HVAC and Gas Products

79.8

45.9

3.6

129.3

148.5

94.3

5.7

248.5

Drainage and Water Re-use Products

21.6

23.0

1.1

45.7

39.7

44.9

1.6

86.2

Water Quality Products

24.3

0.7

0.3

25.3

49.0

1.2

0.5

50.7

Total

$

287.0

$

113.2

$

16.6

$

416.8

$

545.9

$

229.5

$

30.1

$

805.5


		For the second quarter ended July 1, 2018												For the six months ended July 1, 2018
					(in millions)												(in millions)
Distribution Channel		Americas			Europe			APMEA			Consolidated			Americas			Europe			APMEA			Consolidated
Wholesale		$	150.6		$	78.5		$	16.9		$	246.0		$	287.2		$	161.2		$	29.6		$	478.0
OEM			20.1			37.9			0.3			58.3			39.2			77.4			0.8			117.4
Specialty			86.1			—			1.6			87.7			153.7			—			2.8			156.5
DIY			15.2			0.7			—			15.9			33.0			1.5			—			34.5
Total		$	272.0		$	117.1		$	18.8		$	407.9		$	513.1		$	240.1		$	33.2		$	786.4

		For the second quarter ended July 1, 2018												For the six months ended July 1, 2018
					(in millions)												(in millions)
Principal Product Line		Americas			Europe			APMEA			Consolidated			Americas			Europe			APMEA			Consolidated
Residential & Commercial Flow Control		$	151.0		$	44.7		$	13.2		$	208.9		$	290.9		$	92.0		$	22.7		$	405.6
HVAC and Gas Products			80.6			49.4			5.0			135.0			143.1			103.3			9.3			255.7
Drainage and Water Re-use Products			18.9			22.6			0.4			41.9			35.4			44.2			0.7			80.3
Water Quality Products			21.5			0.4			0.2			22.1			43.7			0.6			0.5			44.8
Total		$	272.0		$	117.1		$	18.8		$	407.9		$	513.1		$	240.1		$	33.2		$	786.4

Schedule of contract assets and contract liabilities


		Contract			Contract			Contract
		Assets			Liabilities - Current			Liabilities - Noncurrent
					(in millions)
Balance - January 1, 2019		$	1.0		$	11.3		$	2.7
Change in period			(0.7)			0.1			—
Balance - March 31, 2019		$	0.3		$	11.4		$	2.7
Change in period			(0.2)			0.7			0.1
Balance - June 30, 2019		$	0.1		$	12.1		$	2.8

Balance - January 1, 2018		$	0.6		$	11.3		$	2.1
Change in period			1.1			0.2			0.3
Balance - April 1, 2018		$	1.7		$	11.5		$	2.4
Change in period			(0.3)			0.1			0.3
Balance - July 1, 2018		$	1.4		$	11.6		$	2.7