Information on Business Segments

6 Months Ended

Jun. 30, 2018

15.

Information on Business Segments

Net sales and operating income for the six and three months ended June 30, 2018 and 2017 by segment were as follows:


	Six Months Ended June 30,
(In millions)	2018			2017			% Change vs. Prior Year
Net Sales
Cabinets	$	1,194.8		$	1,227.0			(2.6	)%
Plumbing		933.4			813.2			14.8
Doors		270.5			235.7			14.8
Security		284.9			276.3			3.1

Net sales	$	2,683.6		$	2,552.2			5.1	%

Operating Income
Cabinets	$	93.5		$	135.7			(31.1	)%
Plumbing ^(a)		183.7			168.4			9.1
Doors		41.0			30.7			33.6
Security		32.5			28.7			13.2
Less: Corporate expenses ^(a)		(42.7	)		(43.3	)		1.4

Operating income	$	308.0		$	320.2			(3.8	)%

^(a)

We revised our previously reported results for the six months ended June 30, 2017 for ASU 2017-07, Presentation of Net Periodic Pension and Postretirement Costs.


(In millions)	Three Months Ended June 30,
	2018			2017			% Change vs. Prior Year
Net Sales
Cabinets	$	637.6		$	653.4			(2.4	)%
Plumbing		483.7			434.8			11.2
Doors		160.2			133.5			20.0
Security		147.5			143.7			2.6

Net sales	$	1,429.0		$	1,365.4			4.7	%

Operating Income
Cabinets	$	69.4		$	88.7			(21.8	)%
Plumbing ^(a)		95.3			101.2			(5.8	)
Doors		27.9			22.5			24.0
Security		17.4			18.6			(6.5	)
Less: Corporate expenses ^(a)		(21.4	)		(21.8	)		1.8

Operating income	$	188.6		$	209.2			(9.8	)%

^(a)

We revised our previously reported results for the three months ended June 30, 2017 for ASU 2017-07, Presentation of Net Periodic Pension and Postretirement Costs.