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Information on Business Segments

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Information on Business Segments

14. Information on Business Segments

Net sales and operating income for the six and three months ended June 30, 2021 and 2020 by segment were as follows:

		Six Months Ended June 30,
(In millions)		2021				2020				% Change vs. Prior Year
Net Sales
Plumbing		$	1,316.2			$	973.8				35.2		%
Outdoors & Security			997.0				646.0				54.3
Cabinets			1,393.9				1,158.7				20.3
Net sales		$	3,707.1			$	2,778.5				33.4		%
Operating Income (Loss)
Plumbing		$	316.8			$	214.0				48.0		%
Outdoors & Security			131.3				76.7				71.2
Cabinets			147.0				81.0				81.5
Less: Corporate expenses			(51.8	)			(43.7	)			(18.5	)
Operating income		$	543.3			$	328.0				65.6		%
		Three Months Ended June 30,
(In millions)		2021				2020				% Change vs. Prior Year
Net Sales
Plumbing		$	694.6			$	504.8				37.6		%
Outdoors & Security			535.5				332.3				61.1
Cabinets			706.0				538.7				31.1
Net sales		$	1,936.1			$	1,375.8				40.7		%
Operating Income (Loss)
Plumbing		$	168.9			$	109.5				54.2		%
Outdoors & Security			78.5				45.2				73.7
Cabinets			74.4				37.3				99.5
Less: Corporate expenses			(26.9	)			(19.0	)			(41.6	)
Operating income		$	294.9			$	173.0				70.5		%

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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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
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