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Information on Business Segments (Tables)

12 Months Ended

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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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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