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v3.19.3.a.u2

Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Net Sales and Operating Income by Segment | The Company’s subsidiaries operate principally in the United States, Canada, Mexico, China and Western Europe.
(In millions) |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 2,388.5 |  |  |  | $ | 2,418.6 |  |  |  | $ | 2,467.1 |
Plumbing |  |  | 2,027.2 |  |  |  |  | 1,883.3 |  |  |  |  | 1,720.8 |
Doors & Security |  |  | 1,348.9 |  |  |  |  | 1,183.2 |  |  |  |  | 1,095.4 |
Net sales |  | $ | 5,764.6 |  |  |  | $ | 5,485.1 |  |  |  | $ | 5,283.3 |
(In millions) |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 178.3 |  |  |  | $ | 143.5 |  |  |  | $ | 267.2 |
Plumbing |  |  | 427.6 |  |  |  |  | 375.3 |  |  |  |  | 358.5 |
Doors & Security |  |  | 172.3 |  |  |  |  | 155.6 |  |  |  |  | 146.9 |
Less: Corporate expenses (a) |  |  | (79.7 | ) |  |  |  | (79.2 | ) |  |  |  | (90.1 | )
Operating income |  | $ | 698.5 |  |  |  | $ | 595.2 |  |  |  | $ | 682.5 |
(a) Below is a table detailing Corporate expenses:
General and administrative expense |  | $ | (79.7 | ) |  |  | $ | (79.2 | ) |  |  | $ | (85.0 | )
Long-lived asset impairment |  |  | — |  |  |  |  | — |  |  |  |  | (5.1 | )
Total Corporate expenses |  | $ | (79.7 | ) |  |  | $ | (79.2 | ) |  |  | $ | (90.1 | )
(In millions) |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 2,355.7 |  |  |  | $ | 2,318.7 |  |  |  | $ | 2,416.3 |
Plumbing |  |  | 2,110.8 |  |  |  |  | 1,943.1 |  |  |  |  | 1,854.1 |
Doors & Security |  |  | 1,596.6 |  |  |  |  | 1,526.0 |  |  |  |  | 1,032.2 |
Corporate |  |  | 228.2 |  |  |  |  | 176.8 |  |  |  |  | 208.8 |
Total assets |  | $ | 6,291.3 |  |  |  | $ | 5,964.6 |  |  |  | $ | 5,511.4 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 44.3 |  |  |  | $ | 50.9 |  |  |  | $ | 42.8 |
Plumbing |  |  | 32.0 |  |  |  |  | 29.1 |  |  |  |  | 26.9 |
Doors & Security |  |  | 32.3 |  |  |  |  | 30.2 |  |  |  |  | 25.9 |
Corporate |  |  | 2.7 |  |  |  |  | 3.3 |  |  |  |  | 3.0 |
Depreciation expense |  | $ | 111.3 |  |  |  | $ | 113.5 |  |  |  | $ | 98.6 |
Amortization of intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 17.8 |  |  |  | $ | 19.6 |  |  |  | $ | 19.7 |
Plumbing |  |  | 10.3 |  |  |  |  | 10.4 |  |  |  |  | 7.7 |
Doors & Security |  |  | 13.3 |  |  |  |  | 6.1 |  |  |  |  | 4.3 |
Amortization of intangible assets |  | $ | 41.4 |  |  |  | $ | 36.1 |  |  |  | $ | 31.7 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cabinets |  | $ | 30.9 |  |  |  | $ | 73.8 |  |  |  | $ | 63.4 |
Plumbing |  |  | 35.7 |  |  |  |  | 41.4 |  |  |  |  | 43.5 |
Doors & Security |  |  | 63.6 |  |  |  |  | 34.3 |  |  |  |  | 40.1 |
Corporate |  |  | 1.6 |  |  |  |  | 0.6 |  |  |  |  | 18.0 |
Capital expenditures, gross |  |  | 131.8 |  |  |  |  | 150.1 |  |  |  |  | 165.0 |
Less: proceeds from disposition of assets |  |  | (4.2 | ) |  |  |  | (6.1 | ) |  |  |  | (0.4 | )
Capital expenditures, net |  | $ | 127.6 |  |  |  | $ | 144.0 |  |  |  | $ | 164.6 |
Net sales by geographic region (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,823.7 |  |  |  | $ | 4,606.6 |  |  |  | $ | 4,492.2 |
Canada |  |  | 401.0 |  |  |  |  | 433.1 |  |  |  |  | 427.6 |
China |  |  | 355.4 |  |  |  |  | 260.6 |  |  |  |  | 202.3 |
Other international |  |  | 184.5 |  |  |  |  | 184.8 |  |  |  |  | 161.2 |
Net sales |  | $ | 5,764.6 |  |  |  | $ | 5,485.1 |  |  |  | $ | 5,283.3 |
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 641.9 |  |  |  | $ | 628.9 |  |  |  | $ | 562.3 |
Mexico |  |  | 103.2 |  |  |  |  | 103.4 |  |  |  |  | 89.0 |
Canada |  |  | 43.9 |  |  |  |  | 46.0 |  |  |  |  | 50.5 |
China |  |  | 22.5 |  |  |  |  | 22.5 |  |  |  |  | 24.8 |
Other international |  |  | 12.7 |  |  |  |  | 12.6 |  |  |  |  | 13.4 |
Property, plant and equipment, net |  | $ | 824.2 |  |  |  | $ | 813.4 |  |  |  | $ | 740.0 |
(a) | Based on country of destination

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