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Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2013
Net Sales and Operating Income by Segment | The Company’s subsidiaries operate principally in the United States, Canada, Mexico, China and Western Europe.
(In millions) |  | 2013 |  |  | 2012 |  |  | 2011 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Kitchen & Bath Cabinetry |  | $ | 1,642.2 |  |  | $ | 1,326.6 |  |  | $ | 1,256.3 |
Plumbing & Accessories |  |  | 1,287.0 |  |  |  | 1,100.7 |  |  |  | 962.8 |
Advanced Material Windows & Door Systems |  |  | 657.8 |  |  |  | 587.2 |  |  |  | 552.9 |
Security & Storage |  |  | 570.4 |  |  |  | 576.6 |  |  |  | 556.6 |
Net sales |  | $ | 4,157.4 |  |  | $ | 3,591.1 |  |  | $ | 3,328.6 |
(In millions) |  | 2013 |  |  | 2012 |  |  | 2011 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Kitchen & Bath Cabinetry |  | $ | 97.1 |  |  | $ | 20.5 |  |  | $ | 5.7 |
Plumbing & Accessories |  |  | 228.3 |  |  |  | 169.2 |  |  |  | 138.0 |
Advanced Material Windows & Door Systems |  |  | 14.4 |  |  |  | (1.0 | ) |  |  | (101.2 | )
Security & Storage |  |  | 90.4 |  |  |  | 75.4 |  |  |  | 62.6 |
Less: Corporate expenses(a) |  |  | (73.1 | ) |  |  | (102.4 | ) |  |  | (120.7 | )
Operating income (loss) |  | $ | 357.1 |  |  | $ | 161.7 |  |  | $ | (15.6 | )
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Kitchen & Bath Cabinetry |  | $ | 1,588.0 |  |  | $ | 1,248.5 |  |  | $ | 1,273.2 |
Plumbing & Accessories |  |  | 1,176.3 |  |  |  | 1,081.7 |  |  |  | 1,065.0 |
Advanced Material Windows & Door Systems |  |  | 766.1 |  |  |  | 778.2 |  |  |  | 804.2 |
Security & Storage |  |  | 461.8 |  |  |  | 459.8 |  |  |  | 399.9 |
Corporate(b) |  |  | 185.9 |  |  |  | 305.7 |  |  |  | 95.6 |
Total assets |  | $ | 4,178.1 |  |  | $ | 3,873.9 |  |  | $ | 3,637.9 |
(a) Below is a table detailing Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expense(c) |  | $ | (78.0 | ) |  | $ | (63.7 | ) |  | $ | (44.1 | )
Business separation costs |  |  | — |  |  |  | — |  |  |  | (2.4 | )
Defined benefit plan costs |  |  | 10.1 |  |  |  | 3.5 |  |  |  | 5.8 |
Defined benefit plan recognition of actuarial losses |  |  | (5.2 | ) |  |  | (42.2 | ) |  |  | (80.0 | )
Total Corporate expenses |  | $ | (73.1 | ) |  | $ | (102.4 | ) |  | $ | (120.7 | )
(b) | Corporate assets at December 31, 2013 and 2012 primarily consisted of cash and at December 31, 2010 predominantly consisted of short-term loans to our Former Parent.
(c) | General and administrative expense included a $23.4 million allocation of general corporate expenses incurred directly by our Former Parent in the first nine months of 2011.
(In millions) |  | 2013 |  |  | 2012 |  |  | 2011 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Kitchen & Bath Cabinetry |  | $ | 29.3 |  |  | $ | 38.8 |  |  | $ | 38.6 |
Plumbing & Accessories |  |  | 16.7 |  |  |  | 18.1 |  |  |  | 18.2 |
Advanced Material Windows & Door Systems |  |  | 16.9 |  |  |  | 18.5 |  |  |  | 25.8 |
Security & Storage |  |  | 13.0 |  |  |  | 13.3 |  |  |  | 14.0 |
Corporate |  |  | 1.3 |  |  |  | 1.5 |  |  |  | 0.5 |
Depreciation expense |  | $ | 77.2 |  |  | $ | 90.2 |  |  | $ | 97.1 |
Amortization of intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Kitchen & Bath Cabinetry |  | $ | 5.1 |  |  | $ | 3.3 |  |  | $ | 6.0 |
Advanced Material Windows & Door Systems |  |  | 7.5 |  |  |  | 7.5 |  |  |  | 7.9 |
Security & Storage |  |  | 0.6 |  |  |  | 0.3 |  |  |  | 0.5 |
Amortization of intangible assets |  | $ | 13.2 |  |  | $ | 11.1 |  |  | $ | 14.4 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Kitchen & Bath Cabinetry |  | $ | 36.4 |  |  | $ | 27.7 |  |  | $ | 29.1 |
Plumbing & Accessories |  |  | 25.3 |  |  |  | 19.1 |  |  |  | 16.5 |
Advanced Material Windows & Door Systems |  |  | 13.6 |  |  |  | 15.0 |  |  |  | 13.5 |
Security & Storage |  |  | 18.9 |  |  |  | 13.0 |  |  |  | 9.4 |
Corporate |  |  | 2.5 |  |  |  | 0.2 |  |  |  | — |
Capital expenditures, gross |  |  | 96.7 |  |  |  | 75.0 |  |  |  | 68.5 |
Less: proceeds from disposition of assets |  |  | (2.2 | ) |  |  | (13.5 | ) |  |  | (3.5 | )
Capital expenditures, net |  | $ | 94.5 |  |  | $ | 61.5 |  |  | $ | 65.0 |
Net sales by geographic region(a): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,479.4 |  |  | $ | 2,969.1 |  |  | $ | 2,755.0 |
Canada |  |  | 418.1 |  |  |  | 405.3 |  |  |  | 390.3 |
China and other international |  |  | 259.9 |  |  |  | 216.7 |  |  |  | 183.3 |
Net sales |  | $ | 4,157.4 |  |  | $ | 3,591.1 |  |  | $ | 3,328.6 |
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 439.2 |  |  | $ | 428.9 |  |  | $ | 443.7 |
Mexico |  |  | 55.6 |  |  |  | 37.0 |  |  |  | 39.1 |
Canada |  |  | 29.4 |  |  |  | 32.7 |  |  |  | 32.8 |
China and other international |  |  | 10.2 |  |  |  | 10.8 |  |  |  | 10.2 |
Property, plant and equipment, net |  | $ | 534.4 |  |  | $ | 509.4 |  |  | $ | 525.8 |
(a) | Based on country of destination

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