XML 31 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Information on Business Segments
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Information on Business Segments

14. Information on Business Segments

Net sales and operating income for the nine and three months ended September 30, 2022 and 2021 by segment were as follows:

 

 

 

Nine Months Ended September 30,

(In millions)

 

2022

 

 

2021

 

 

% Change
vs. Prior Year

Net Sales

 

 

 

 

 

 

 

 

 

 

Water Innovations

 

$

1,928.6

 

 

$

2,057.6

 

 

 

(6.3

)

%

Outdoors & Security

 

 

1,662.4

 

 

 

1,525.4

 

 

 

9.0

 

 

Cabinets

 

 

2,491.0

 

 

 

2,110.4

 

 

 

18.0

 

 

Net sales

 

$

6,082.0

 

 

$

5,693.4

 

 

 

6.8

 

%

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

Water Innovations

 

$

462.7

 

 

$

483.3

 

 

 

(4.3

)

%

Outdoors & Security

 

 

223.3

 

 

 

211.7

 

 

 

5.5

 

 

Cabinets

 

 

243.3

 

 

 

214.2

 

 

 

13.6

 

 

Less: Corporate expenses

 

 

(110.6

)

 

 

(79.3

)

 

 

(39.5

)

 

Operating income

 

$

818.7

 

 

$

829.9

 

 

 

(1.3

)

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

(In millions)

 

2022

 

 

2021

 

 

% Change
vs. Prior Year

Net Sales

 

 

 

 

 

 

 

 

 

 

Water Innovations

 

$

635.1

 

 

$

741.4

 

 

 

(14.3

)

%

Outdoors & Security

 

 

560.4

 

 

 

528.4

 

 

 

6.1

 

 

Cabinets

 

 

858.2

 

 

 

716.5

 

 

 

19.8

 

 

Net sales

 

$

2,053.7

 

 

$

1,986.3

 

 

 

3.4

 

%

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

Water Innovations

 

$

152.7

 

 

$

166.5

 

 

 

(8.3

)

%

Outdoors & Security

 

 

70.6

 

 

 

80.4

 

 

 

(12.2

)

 

Cabinets

 

 

100.9

 

 

 

67.2

 

 

 

50.1

 

 

Less: Corporate expenses

 

 

(43.0

)

 

 

(27.5

)

 

 

(56.4

)

 

Operating income

 

$

281.2

 

 

$

286.6

 

 

 

(1.9

)

%