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Information on Business Segments (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Net Sales and Operating Income by Segment

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

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=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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