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Information on Business Segments | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Information on Business Segments |
1 5. | Information on Business Segments
Beginning in the third quarter of 2018, we combined our Doors and Security segments and historical financial segment information has been restated to conform to the new segment presentation. Net sales and operating income for the six and three months ended June 30, 2019 and 2018 by segment were as follows:
|  | Six Months Ended June 30,
(In millions) |  | 2019 |  |  | 2018 |  |  | % Change vs. Prior Year
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 1,208.0 |  |  | $ | 1,194.8 |  |  |  | 1.1 |  | %
Plumbing |  |  | 964.7 |  |  |  | 933.4 |  |  |  | 3.4 |  |
Doors & Security |  |  | 662.4 |  |  |  | 555.4 |  |  |  | 19.3 |  |
Net sales |  | $ | 2,835.1 |  |  | $ | 2,683.6 |  |  |  | 5.6 |  | %
Operating Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 108.9 |  |  | $ | 93.5 |  |  |  | 16.5 |  | %
Plumbing |  |  | 195.9 |  |  |  | 183.7 |  |  |  | 6.6 |  |
Doors & Security |  |  | 72.4 |  |  |  | 73.5 |  |  |  | (1.5 | ) |
Less: Corporate expenses |  |  | (39.2 | ) |  |  | (42.7 | ) |  |  | 8.2 |  |
Operating income |  | $ | 338.0 |  |  | $ | 308.0 |  |  |  | 9.7 |  | %
|  | Three Months Ended June 30,
(In millions) |  | 2019 |  |  | 2018 |  |  | % Change vs. Prior Year
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 635.0 |  |  | $ | 637.6 |  |  |  | (0.4 | ) | %
Plumbing |  |  | 506.1 |  |  |  | 483.7 |  |  |  | 4.6 |  |
Doors & Security |  |  | 366.1 |  |  |  | 307.7 |  |  |  | 19.0 |  |
Net sales |  | $ | 1,507.2 |  |  | $ | 1,429.0 |  |  |  | 5.5 |  | %
Operating Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 65.7 |  |  | $ | 69.4 |  |  |  | (5.3 | ) | %
Plumbing |  |  | 106.7 |  |  |  | 95.3 |  |  |  | 12.0 |  |
Doors & Security |  |  | 50.0 |  |  |  | 45.3 |  |  |  | 10.4 |  |
Less: Corporate expenses |  |  | (20.0 | ) |  |  | (21.4 | ) |  |  | 6.5 |  |
Operating income |  | $ | 202.4 |  |  | $ | 188.6 |  |  |  | 7.3 |  | %

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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