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Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2017
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) |  | 2017 |  |  | 2016 |  |  | 2015 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 2,467.1 |  |  | $ | 2,397.8 |  |  | $ | 2,173.4 |
Plumbing |  |  | 1,720.8 |  |  |  | 1,534.4 |  |  |  | 1,414.5 |
Doors |  |  | 502.9 |  |  |  | 473.0 |  |  |  | 439.1 |
Security |  |  | 592.5 |  |  |  | 579.7 |  |  |  | 552.4 |
Net sales |  | $ | 5,283.3 |  |  | $ | 4,984.9 |  |  | $ | 4,579.4 |
(In millions) |  | 2017 |  |  | 2016 |  |  | 2015 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 267.2 |  |  | $ | 257.8 |  |  | $ | 192.4 |
Plumbing |  |  | 363.6 |  |  |  | 326.3 |  |  |  | 285.4 |
Doors |  |  | 74.5 |  |  |  | 61.9 |  |  |  | 44.0 |
Security |  |  | 72.4 |  |  |  | 66.6 |  |  |  | 55.9 |
Less: Corporate expenses(a) |  |  | (85.6 | ) |  |  | (79.9 | ) |  |  | (81.6 | )
Operating income |  | $ | 692.1 |  |  | $ | 632.7 |  |  | $ | 496.1 |
(a)Below is a table detailing Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expense |  | $ | (85.2 | ) |  | $ | (80.9 | ) |  | $ | (70.1 | )
Defined benefit plan income |  |  | 4.2 |  |  |  | 2.9 |  |  |  | 6.1 |
Recognition of defined benefit plan actuarial gains (losses) |  |  | 0.5 |  |  |  | (1.9 | ) |  |  | (2.5 | )
Long-lived asset impairment |  |  | (5.1 | ) |  |  | — |  |  |  | — |
Norcraft transaction costs(b) |  |  | — |  |  |  | — |  |  |  | (15.1 | )
Total Corporate expenses |  | $ | (85.6 | ) |  | $ | (79.9 | ) |  | $ | (81.6 | )
(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) |  | 2017 |  |  | 2016 |  |  | 2015 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 2,416.3 |  |  | $ | 2,349.4 |  |  | $ | 2,364.0 |
Plumbing |  |  | 1,854.1 |  |  |  | 1,626.8 |  |  |  | 1,341.4 |
Doors |  |  | 494.8 |  |  |  | 480.6 |  |  |  | 483.9 |
Security |  |  | 537.4 |  |  |  | 514.5 |  |  |  | 520.7 |
Corporate |  |  | 208.8 |  |  |  | 157.2 |  |  |  | 165.7 |
Total assets |  | $ | 5,511.4 |  |  | $ | 5,128.5 |  |  | $ | 4,875.7 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 42.8 |  |  | $ | 40.1 |  |  | $ | 38.1 |
Plumbing |  |  | 26.9 |  |  |  | 24.6 |  |  |  | 21.3 |
Doors |  |  | 9.1 |  |  |  | 9.0 |  |  |  | 11.2 |
Security |  |  | 16.8 |  |  |  | 17.2 |  |  |  | 19.5 |
Corporate |  |  | 3.0 |  |  |  | 3.7 |  |  |  | 3.4 |
Depreciation expense |  | $ | 98.6 |  |  | $ | 94.6 |  |  | $ | 93.5 |
Amortization of intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 19.7 |  |  | $ | 18.4 |  |  | $ | 14.3 |
Plumbing |  |  | 7.7 |  |  |  | 3.6 |  |  |  | 1.2 |
Doors |  |  | 2.3 |  |  |  | 3.8 |  |  |  | 3.8 |
Security |  |  | 2.0 |  |  |  | 2.3 |  |  |  | 2.3 |
Amortization of intangible assets |  | $ | 31.7 |  |  | $ | 28.1 |  |  | $ | 21.6 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 63.4 |  |  | $ | 61.7 |  |  | $ | 61.3 |
Plumbing |  |  | 43.5 |  |  |  | 48.3 |  |  |  | 27.2 |
Doors |  |  | 20.8 |  |  |  | 12.9 |  |  |  | 13.3 |
Security |  |  | 19.3 |  |  |  | 25.9 |  |  |  | 17.3 |
Corporate |  |  | 18.0 |  |  |  | 0.5 |  |  |  | 9.4 |
Capital expenditures, gross |  |  | 165.0 |  |  |  | 149.3 |  |  |  | 128.5 |
Less: proceeds from disposition of assets |  |  | (0.4 | ) |  |  | (3.9 | ) |  |  | (2.5 | )
Capital expenditures, net |  | $ | 164.6 |  |  | $ | 145.4 |  |  | $ | 126.0 |
Net sales by geographic region(a): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,492.2 |  |  | $ | 4,258.5 |  |  | $ | 3,892.9 |
Canada |  |  | 427.6 |  |  |  | 406.4 |  |  |  | 385.1 |
China |  |  | 202.3 |  |  |  | 175.0 |  |  |  | 163.2 |
Other international |  |  | 161.2 |  |  |  | 145.0 |  |  |  | 138.2 |
Net sales |  | $ | 5,283.3 |  |  | $ | 4,984.9 |  |  | $ | 4,579.4 |
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 562.3 |  |  | $ | 499.8 |  |  | $ | 498.9 |
Mexico |  |  | 89.0 |  |  |  | 90.8 |  |  |  | 74.2 |
Canada |  |  | 50.5 |  |  |  | 45.5 |  |  |  | 39.4 |
China |  |  | 24.8 |  |  |  | 22.7 |  |  |  | 14.4 |
Other international |  |  | 13.4 |  |  |  | 3.7 |  |  |  | 1.0 |
Property, plant and equipment, net |  | $ | 740.0 |  |  | $ | 662.5 |  |  | $ | 627.9 |
(a) | Based on country of destination

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