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v3.25.1

Segment Data | 6 Months Ended
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May 02, 2025
Segment Reporting [Abstract] |
Segment Data |
3 | Segment Data
The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment determination is based on the manner in which the company's CODM organizes segments for making operating and investment decisions and assessing performance. The company has identified nine operating segments which are aggregated into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. The company's Other activities consist of the company's wholly-owned domestic distribution company, the company's corporate activities, and the elimination of intersegment revenues and expenses. The following tables present summarized financial information concerning the company’s reportable business segments and Other activities (dollars in millions):
Three Months Ended May 2, 2025 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,014.1 |  |  | $ | 297.4 |  |  | $ | 6.4 |  |  | $ | 1,317.9 |
Intersegment gross sales (eliminations) |  | 19.9 |  |  | — |  |  | (19.9) |  |  | — |
Earnings (loss) before income taxes |  | $ | 202.1 |  |  | $ | 16.1 |  |  | $ | (49.5) |  |  | $ | 168.7 |
Six Months Ended May 2, 2025 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,782.9 |  |  | $ | 518.4 |  |  | $ | 11.6 |  |  | $ | 2,312.9 |
Intersegment gross sales (eliminations) |  | 34.4 |  |  | — |  |  | (34.4) |  |  | — |
Earnings (loss) before income taxes |  | 329.3 |  |  | 33.3 |  |  | (127.8) |  |  | 234.8 |
Total assets |  | $ | 2,733.8 |  |  | $ | 631.5 |  |  | $ | 422.8 |  |  | $ | 3,788.1 |
Three Months Ended May 3, 2024 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,005.6 |  |  | $ | 335.6 |  |  | $ | 7.8 |  |  | $ | 1,349.0 |
Intersegment gross sales (eliminations) |  | 11.1 |  |  | — |  |  | (11.1) |  |  | — |
Earnings (loss) before income taxes |  | $ | 190.7 |  |  | $ | 36.1 |  |  | $ | (47.6) |  |  | $ | 179.2 |
Six Months Ended May 3, 2024 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,762.1 |  |  | $ | 575.7 |  |  | $ | 13.1 |  |  | $ | 2,350.9 |
Intersegment gross sales (eliminations) |  | 21.8 |  |  | 0.1 |  |  | (21.9) |  |  | — |
Earnings (loss) before income taxes |  | 303.5 |  |  | 59.6 |  |  | (103.8) |  |  | 259.3 |
Total assets |  | $ | 2,768.4 |  |  | $ | 669.3 |  |  | $ | 414.5 |  |  | $ | 3,852.2 |
The following table presents the details of operating loss before income taxes for the company's Other activities:
|  | Three Months Ended |  | Six Months Ended
(Dollars in millions) |  | May 2, 2025 |  | May 3, 2024 |  | May 2, 2025 |  | May 3, 2024
Corporate expenses |  | $ | (46.2) |  |  | $ | (42.5) |  |  | $ | (114.0) |  |  | $ | (90.6) |
Interest expense |  | (15.8) |  |  | (16.7) |  |  | (30.8) |  |  | (32.9) |
Earnings from the company's wholly-owned domestic distribution company and other income, net |  | 12.5 |  |  | 11.6 |  |  | 17.0 |  |  | 19.7 |
Total operating loss |  | $ | (49.5) |  |  | $ | (47.6) |  |  | $ | (127.8) |  |  | $ | (103.8) |

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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