Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 2017

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


	Nine Months Ended September 30,
(In millions)	2017			2016			% Change vs. Prior Year
Net Sales
Cabinets	$	1,841.2		$	1,797.2			2.4	%
Plumbing		1,251.5			1,108.0			13.0
Doors		374.2			351.3			6.5
Security		433.9			426.8			1.7

Net sales	$	3,900.8		$	3,683.3			5.9	%

Operating Income
Cabinets	$	205.4		$	194.0			5.9	%
Plumbing		270.8			242.6			11.6
Doors		55.8			46.1			21.0
Security		56.4			44.7			26.2
Less: Corporate expenses		(59.3	)		(61.1	)		2.9

Operating income	$	529.1		$	466.3			13.5	%

Corporate expenses
General and administrative expense	$	(63.8	)	$	(61.3	)
Defined benefit plan income		3.2			2.1
Recognition of defined benefit plan actuarial gains (losses)		1.3			(1.9	)

Total Corporate expenses	$	(59.3	)	$	(61.1	)		2.9	%


	Three Months Ended September 30,
(In millions)	2017			2016			% Change vs. Prior Year
Net Sales
Cabinets	$	614.2		$	602.1			2.0	%
Plumbing		438.3			391.1			12.1
Doors		138.5			129.2			7.2
Security		157.6			156.6			0.6

Net sales	$	1,348.6		$	1,279.0			5.4	%

Operating Income
Cabinets	$	69.7		$	74.8			(6.8	)%
Plumbing		97.3			84.0			15.8
Doors		25.1			22.3			12.6
Security		27.7			22.9			21.0
Less: Corporate expenses		(18.0	)		(20.9	)		13.9

Operating income	$	201.8		$	183.1			10.2	%

Corporate expenses
General and administrative expense	$	(20.5	)	$	(20.5	)
Defined benefit plan income		1.2			0.6
Recognition of defined benefit plan actuarial gains (losses)		1.3			(1.0	)

Total Corporate expenses	$	(18.0	)	$	(20.9	)		13.9	%