Information on Business Segments

3 Months Ended

Mar. 31, 2022

14. Information on Business Segments

Net sales and operating income for the three months ended March 31, 2022 and 2021 by segment were as follows:


	Three Months Ended March 31,
(In millions)	2022			2021			% Change vs. Prior Year
Net Sales
Water Innovations	$	643.6		$	621.6			3.5		%
Outdoors & Security		496.6			461.5			7.6
Cabinets		777.1			687.9			13.0
Net sales	$	1,917.3		$	1,771.0			8.3		%
Operating Income
Water Innovations	$	149.3		$	147.9			0.9		%
Outdoors & Security		60.2			52.8			14.0
Cabinets		73.6			72.6			1.4
Less: Corporate expenses		(29.7	)		(24.9	)		(19.3	)
Operating income	$	253.4		$	248.4			2.0		%

- 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

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+ Details