The Company’s subsidiaries operate principally in the United States, Canada, Mexico, China and Western Europe.



(In millions)	2015			2014			2013

Operating income:
Cabinets	$	192.4		$	137.9		$	97.1
Plumbing		285.4			258.9			228.3
Doors		44.0			29.2			15.3
Security		55.9			49.4			55.4
Less: Corporate expenses^(a)		(81.6	)		(71.9	)		(73.1	)
Operating income	$	496.1		$	403.5		$	323.0
^(a) Below is a table detailing Corporate expenses:
General and administrative expense	$	(70.1	)	$	(67.0	)	$	(78.0	)
Defined benefit plan income		6.1			8.8			10.1
Recognition of defined benefit plan actuarial losses		(2.5	)		(13.7	)		(5.2	)
Norcraft transaction costs^(b)		(15.1	)		—			—
Total Corporate expenses	$	(81.6	)	$	(71.9	)	$	(73.1	)

^(b)	Representing external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.



(In millions)	2015			2014			2013
Total assets:
Cabinets	$	2,364.0		$	1,603.6		$	1,588.0
Plumbing		1,341.4			1,270.2			1,176.3
Doors		483.9			459.3			462.0
Security		520.7			528.5			361.8
Corporate		168.6			110.7			185.9
Continuing operations		4,878.6			3,972.3			3,774.0
Discontinued operations		—			80.6			404.1
Total assets	$	4,878.6		$	4,052.9		$	4,178.1

Depreciation expense:
Cabinets	$	38.1		$	31.0		$	29.3
Plumbing		21.3			18.5			16.7
Doors		11.2			11.7			11.4
Security		19.5			10.0			8.2
Corporate		3.4			2.0			1.3
Continuing operations		93.5			73.2			66.9
Discontinued operations		—			9.7			10.3
Depreciation expense	$	93.5		$	82.9		$	77.2

Amortization of intangible assets:
Cabinets	$	14.3		$	8.0		$	5.1
Plumbing		1.2			—			—
Doors		3.8			3.8			3.8
Security		2.3			1.3			0.5
Continuing operations		21.6			13.1			9.4
Discontinued operations		—			2.8			3.8
Amortization of intangible assets	$	21.6		$	15.9		$	13.2

Capital expenditures:
Cabinets	$	61.3		$	64.0		$	36.4
Plumbing		27.2			25.8			25.3
Doors		13.3			10.9			7.3
Security		17.3			16.2			12.6
Corporate		9.4			4.8			2.5
Continuing operations		128.5			121.7			84.1
Discontinued operations		—			5.8			12.6
Capital expenditures, gross		128.5			127.5			96.7
Less: proceeds from disposition of assets		(2.5	)		(0.7	)		(2.2	)
Capital expenditures, net	$	126.0		$	126.8		$	94.5

Net sales by geographic region^(a):
United States	$	3,892.9		$	3,313.1		$	3,046.5
Canada		385.1			405.8			413.2
China and other international		301.4			294.7			243.9
Net sales	$	4,579.4		$	4,013.6		$	3,703.6

Property, plant and equipment, net^(b):
United States	$	498.9		$	429.1		$	378.0
Mexico		74.2			72.5			50.8
Canada		39.4			28.4			29.4
China and other international		15.4			9.8			10.1
Property, plant and equipment, net	$	627.9		$	539.8		$	468.3

^(a)	Based on country of destination

^(b)	Purchases of property, plant and equipment not yet paid for as of December 31, 2015, 2014 and 2013 were $16.1 million, $4.2 million and $0.2 million, respectively.