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Information on Business Segments (Tables)

12 Months Ended

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

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

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