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Information on Business Segments

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Information on Business Segments

15. 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

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