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Information on Business Segments

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Information on Business Segments

15. Information on Business Segments

Net sales and operating income for the nine and three months ended September 30, 2019 and 2018 by segment were as follows:

		Nine Months Ended September 30,
(In millions)		2019				2018				% Change vs. Prior Year
Net Sales
Cabinets		$	1,797.7			$	1,793.8				0.2		%
Plumbing			1,478.8				1,394.9				6.0
Doors & Security			1,017.6				875.7				16.2
Net sales		$	4,294.1			$	4,064.4				5.7		%
Operating Income (Loss)
Cabinets		$	134.0			$	122.2				9.7		%
Plumbing			307.9				273.1				12.7
Doors & Security			122.5				121.7				0.7
Less: Corporate expenses			(58.4	)			(61.9	)			5.7
Operating income		$	506.0			$	455.1				11.2		%
		Three Months Ended September 30,
(In millions)		2019				2018				% Change vs. Prior Year
Net Sales
Cabinets		$	589.7			$	599.0				(1.6	)	%
Plumbing			514.1				461.5				11.4
Doors & Security			355.2				320.3				10.9
Net sales		$	1,459.0			$	1,380.8				5.7		%
Operating Income (Loss)
Cabinets		$	25.1			$	28.7				(12.5	)	%
Plumbing			112.0				89.4				25.3
Doors & Security			50.1				48.2				3.9
Less: Corporate expenses			(19.2	)			(19.2	)			0.0
Operating income		$	168.0			$	147.1				14.2		%

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- References

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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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