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Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2020

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)		2020					2019					2018
Net sales:
Plumbing		$	2,202.1				$	2,027.2				$	1,883.3
Outdoors & Security			1,419.2					1,348.9					1,183.2
Cabinets			2,469.0					2,388.5					2,418.6
Net sales		$	6,090.3				$	5,764.6				$	5,485.1

(In millions)		2020					2019					2018
Operating income:
Plumbing		$	467.9				$	427.6				$	375.3
Outdoors & Security			201.3					172.3					155.6
Cabinets			235.7					178.3					143.5
Less: Corporate expenses			(103.5	)				(79.7	)				(79.2	)
Operating income		$	801.4				$	698.5				$	595.2

(In millions)		2020					2019					2018
Total assets:
Plumbing			2,262.9					2,110.8					1,943.1
Outdoors & Security			2,453.8					1,596.6					1,526.0
Cabinets			2,366.8					2,355.7					2,318.7
Corporate			275.2					228.2					176.8
Total assets		$	7,358.7				$	6,291.3				$	5,964.6
Depreciation expense:
Plumbing		$	37.6				$	32.0				$	29.1
Outdoors & Security			33.3					32.3					30.2
Cabinets			47.9					44.3					50.9
Corporate			2.7					2.7					3.3
Depreciation expense		$	121.5				$	111.3				$	113.5
Amortization of intangible assets:
Plumbing		$	10.8				$	10.3				$	10.4
Outdoors & Security			13.4					13.3					6.1
Cabinets			17.8					17.8					19.6
Amortization of intangible assets		$	42.0				$	41.4				$	36.1
Capital expenditures:
Plumbing		$	30.5				$	35.7				$	41.4
Outdoors & Security			76.4					63.6					34.3
Cabinets			27.3					30.9					73.8
Corporate			16.3					1.6					0.6
Capital expenditures, gross			150.5					131.8					150.1
Less: proceeds from disposition of assets			(1.6	)				(4.2	)				(6.1	)
Capital expenditures, net		$	148.9				$	127.6				$	144.0
Net sales by geographic region (a):
United States		$	5,094.3				$	4,823.7				$	4,606.6
China			416.7					355.4					260.6
Canada			414.2					401.0					433.1
Other international			165.1					184.5					184.8
Net sales		$	6,090.3				$	5,764.6				$	5,485.1
Property, plant and equipment, net:
United States		$	732.4				$	641.9				$	628.9
Mexico			104.7					103.2					103.4
Canada			41.2					43.9					46.0
China			25.0					22.5					22.5
Other international			14.1					12.7					12.6
Property, plant and equipment, net		$	917.4				$	824.2				$	813.4

^(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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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