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Information on Business Segments | 9 Months Ended
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Sep. 30, 2018
Information on Business Segments |
15. | Information on Business Segments
Net sales and operating income for the nine and three months ended September 30, 2018 and 2017 by segment were as follows:
(In millions) |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | % Change vs. Prior Year |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 1,793.8 |  |  | $ | 1,841.2 |  |  |  | (2.6 | )%
Plumbing |  |  | 1,394.9 |  |  |  | 1,251.5 |  |  |  | 11.5 |
Doors & Security |  |  | 875.7 |  |  |  | 808.1 |  |  |  | 8.4 |
Net sales |  | $ | 4,064.4 |  |  | $ | 3,900.8 |  |  |  | 4.2 | %
Operating Income |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 122.2 |  |  | $ | 205.4 |  |  |  | (40.5 | )%
Plumbing(a) |  |  | 273.1 |  |  |  | 265.7 |  |  |  | 2.8 |
Doors & Security |  |  | 121.7 |  |  |  | 112.2 |  |  |  | 8.5 |
Less: Corporate expenses(a) |  |  | (61.9 | ) |  |  | (63.6 | ) |  |  | 2.7 |
Operating income |  | $ | 455.1 |  |  | $ | 519.7 |  |  |  | (12.4 | )%
| (a) | We revised our previously reported results for the nine months ended September 30, 2017 for ASU 2017-07, Presentation of Net Periodic Pension and Postretirement Costs.
(In millions) |  | Three Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | % Change vs. Prior Year |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 599.0 |  |  | $ | 614.2 |  |  |  | (2.5 | )%
Plumbing |  |  | 461.5 |  |  |  | 438.3 |  |  |  | 5.3 |
Doors & Security |  |  | 320.3 |  |  |  | 296.1 |  |  |  | 8.2 |
Net sales |  | $ | 1,380.8 |  |  | $ | 1,348.6 |  |  |  | 2.4 | %
Operating Income |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 28.7 |  |  | $ | 69.7 |  |  |  | (58.8 | )%
Plumbing |  |  | 89.4 |  |  |  | 97.3 |  |  |  | (8.1 | )
Doors & Security |  |  | 48.2 |  |  |  | 52.8 |  |  |  | (8.7 | )
Less: Corporate expenses(a) |  |  | (19.2 | ) |  |  | (20.3 | ) |  |  | 5.4 |
Operating income |  | $ | 147.1 |  |  | $ | 199.5 |  |  |  | (26.3 | )%
| (a) | We revised our previously reported results for the three months ended September 30, 2017 for ASU 2017-07, Presentation of Net Periodic Pension and Postretirement Costs.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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