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Information on Business Segments

9 Months Ended

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.

X

- 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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