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Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 2016

Net Sales and Operating Income by Segment

Net sales and operating income for the nine and three months ended September 30, 2016 and 2015 by segment were as follows:

		Nine Months Ended September 30,
(In millions)		2016				2015				% Change vs. Prior Year
Net Sales
Cabinets		$	1,797.2			$	1,565.3				14.8	%
Plumbing			1,108.0				1,056.0				4.9
Doors			351.3				324.6				8.2
Security			426.8				408.8				4.4
Net sales		$	3,683.3			$	3,354.7				9.8	%
Operating Income
Cabinets		$	194.0			$	132.1				46.9	%
Plumbing			242.6				214.6				13.0
Doors			46.1				30.7				50.2
Security			44.7				43.1				3.7
Less: Corporate expenses			(61.1	)			(64.7	)			5.6
Operating income		$	466.3			$	355.8				31.1	%
Corporate expenses
General and administrative expense		$	(61.3	)		$	(51.7	)
Defined benefit plan income			2.1				4.9
Recognition of defined benefit plan actuarial losses			(1.9	)			(2.8	)
Norcraft transaction costs(a)			—				(15.1	)
Total Corporate expenses		$	(61.1	)		$	(64.7	)			5.6	%

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

		Three Months Ended September 30,
(In millions)		2016				2015				% Change vs. Prior Year
Net Sales
Cabinets		$	602.1			$	603.3				(0.2	)%
Plumbing			391.1				364.4				7.3
Doors			129.2				123.8				4.4
Security			156.6				147.3				6.3
Net sales		$	1,279.0			$	1,238.8				3.2	%
Operating Income
Cabinets		$	74.8			$	64.2				16.5	%
Plumbing			84.0				80.9				3.8
Doors			22.3				16.7				33.5
Security			22.9				16.6				38.0
Less: Corporate expenses			(20.9	)			(18.1	)			(15.5	)
Operating income		$	183.1			$	160.3				14.2	%
Corporate expenses
General and administrative expense		$	(20.5	)		$	(16.7	)
Defined benefit plan income			0.6				1.6
Recognition of defined benefit plan actuarial losses			(1.0	)			(2.8	)
Norcraft transaction costs(a)			—				(0.2	)
Total Corporate expenses		$	(20.9	)		$	(18.1	)			(15.5	)%

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

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

+ Details

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