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Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2021
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) |  | 2021 |  |  |  | 2020 |  |  |  | 2019 |
Net sales: |  |  |  |  |  |  |  |  |  |  |
Plumbing |  | $ | 2,761.2 |  |  |  | $ | 2,202.1 |  |  |  | $ | 2,027.2 |
Outdoors & Security |  |  | 2,039.9 |  |  |  |  | 1,419.2 |  |  |  |  | 1,348.9 |
Cabinets |  |  | 2,855.0 |  |  |  |  | 2,469.0 |  |  |  |  | 2,388.5 |
Net sales |  | $ | 7,656.1 |  |  |  | $ | 6,090.3 |  |  |  | $ | 5,764.6 |
(In millions) |  | 2021 |  |  |  | 2020 |  |  |  | 2019 |
Operating income: |  |  |  |  |  |  |  |  |  |  |
Plumbing |  | $ | 629.7 |  |  |  | $ | 467.9 |  |  |  | $ | 427.6 |
Outdoors & Security |  |  | 291.9 |  |  |  |  | 201.3 |  |  |  |  | 172.3 |
Cabinets |  |  | 279.3 |  |  |  |  | 235.7 |  |  |  |  | 178.3 |
Corporate |  |  | (110.5 | ) |  |  |  | (103.5 | ) |  |  |  | (79.7 | )
Operating income |  | $ | 1,090.4 |  |  |  | $ | 801.4 |  |  |  | $ | 698.5 |
(In millions) |  | 2021 |  |  |  | 2020 |  |  |  | 2019 |
Total assets: |  |  |  |  |  |  |  |  |  |  |
Plumbing |  | $ | 2,614.7 |  |  |  | $ | 2,262.9 |  |  |  | $ | 2,110.8 |
Outdoors & Security |  |  | 2,619.4 |  |  |  |  | 2,453.8 |  |  |  |  | 1,596.6 |
Cabinets |  |  | 2,489.7 |  |  |  |  | 2,366.8 |  |  |  |  | 2,355.7 |
Corporate |  |  | 212.4 |  |  |  |  | 275.2 |  |  |  |  | 228.2 |
Total assets |  | $ | 7,936.2 |  |  |  | $ | 7,358.7 |  |  |  | $ | 6,291.3 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |
Plumbing |  | $ | 37.1 |  |  |  | $ | 37.6 |  |  |  | $ | 32.0 |
Outdoors & Security |  |  | 40.7 |  |  |  |  | 33.3 |  |  |  |  | 32.3 |
Cabinets |  |  | 44.4 |  |  |  |  | 47.9 |  |  |  |  | 44.3 |
Corporate |  |  | 2.8 |  |  |  |  | 2.7 |  |  |  |  | 2.7 |
Depreciation expense |  | $ | 125.0 |  |  |  | $ | 121.5 |  |  |  | $ | 111.3 |
Amortization of intangible assets: |  |  |  |  |  |  |  |  |  |  |
Plumbing |  | $ | 14.9 |  |  |  | $ | 10.8 |  |  |  | $ | 10.3 |
Outdoors & Security |  |  | 31.5 |  |  |  |  | 13.4 |  |  |  |  | 13.3 |
Cabinets |  |  | 17.7 |  |  |  |  | 17.8 |  |  |  |  | 17.8 |
Amortization of intangible assets |  | $ | 64.1 |  |  |  | $ | 42.0 |  |  |  | $ | 41.4 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
Plumbing |  | $ | 38.1 |  |  |  | $ | 30.5 |  |  |  | $ | 35.7 |
Outdoors & Security |  |  | 124.2 |  |  |  |  | 76.4 |  |  |  |  | 63.6 |
Cabinets |  |  | 51.6 |  |  |  |  | 27.3 |  |  |  |  | 30.9 |
Corporate |  |  | 0.3 |  |  |  |  | 16.3 |  |  |  |  | 1.6 |
Capital expenditures, gross |  |  | 214.2 |  |  |  |  | 150.5 |  |  |  |  | 131.8 |
Less: proceeds from disposition of assets |  |  | (1.9 | ) |  |  |  | (1.6 | ) |  |  |  | (4.2 | )
Capital expenditures, net |  | $ | 212.3 |  |  |  | $ | 148.9 |  |  |  | $ | 127.6 |
Net sales by geographic region (a): |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 6,402.8 |  |  |  | $ | 5,094.3 |  |  |  | $ | 4,823.7 |
China |  |  | 510.4 |  |  |  |  | 416.7 |  |  |  |  | 355.4 |
Canada |  |  | 542.6 |  |  |  |  | 414.2 |  |  |  |  | 401.0 |
Other international |  |  | 200.3 |  |  |  |  | 165.1 |  |  |  |  | 184.5 |
Net sales |  | $ | 7,656.1 |  |  |  | $ | 6,090.3 |  |  |  | $ | 5,764.6 |
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 807.2 |  |  |  | $ | 732.4 |  |  |  | $ | 641.9 |
Mexico |  |  | 122.1 |  |  |  |  | 104.7 |  |  |  |  | 103.2 |
Canada |  |  | 40.4 |  |  |  |  | 41.2 |  |  |  |  | 43.9 |
China |  |  | 23.7 |  |  |  |  | 25.0 |  |  |  |  | 22.5 |
Other international |  |  | 16.1 |  |  |  |  | 14.1 |  |  |  |  | 12.7 |
Property, plant and equipment, net |  | $ | 1,009.5 |  |  |  | $ | 917.4 |  |  |  | $ | 824.2 |
(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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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