Information on Business Segments

6 Months Ended

Jun. 30, 2017

14.

Information on Business Segments

Net sales and operating income for the six and three months ended June 30, 2017 and 2016 by segment were as follows:


	Six Months Ended June 30,
(In millions)	2017			2016			% Change vs. Prior Year
Net Sales
Cabinets	$	1,227.0		$	1,195.1			2.7	%
Plumbing		813.2			716.9			13.4
Doors		235.7			222.1			6.1
Security		276.3			270.2			2.3

Net sales	$	2,552.2		$	2,404.3			6.2	%

Operating Income
Cabinets	$	135.7		$	119.2			13.8	%
Plumbing		173.5			158.6			9.4
Doors		30.7			23.8			29.0
Security		28.7			21.8			31.7
Less: Corporate expenses		(41.3	)		(40.2	)		(2.7	)

Operating income	$	327.3		$	283.2			15.6	%

Corporate expenses
General and administrative expense	$	(43.3	)	$	(40.8	)
Defined benefit plan income		2.0			1.5
Recognition of defined benefit plan actuarial losses		—			(0.9	)

Total Corporate expenses	$	(41.3	)	$	(40.2	)		(2.7	)%


	Three Months Ended June 30,
(In millions)	2017			2016			% Change vs. Prior Year
Net Sales
Cabinets	$	653.4		$	645.1			1.3	%
Plumbing		434.8			378.3			14.9
Doors		133.5			127.8			4.5
Security		143.7			146.6			(2.0	)

Net sales	$	1,365.4		$	1,297.8			5.2	%

Operating Income
Cabinets	$	88.7		$	83.5			6.2	%
Plumbing		103.3			87.1			18.6
Doors		22.5			19.6			14.8
Security		18.6			16.2			14.8
Less: Corporate expenses		(20.7	)		(18.7	)		(10.7	)

Operating income	$	212.4		$	187.7			13.2	%

Corporate expenses
General and administrative expense	$	(21.7	)	$	(19.4	)
Defined benefit plan income		1.0			0.7

Total Corporate expenses	$	(20.7	)	$	(18.7	)		(10.7	)%