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v3.22.4

Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
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) |  | 2022 |  |  |  | 2021 |  |  |  | 2020 |
Net sales: |  |  |  |  |  |  |  |  |  |  |
Water Innovations |  | $ | 2,570.2 |  |  |  | $ | 2,761.2 |  |  |  | $ | 2,202.1 |
Outdoors & Security |  |  | 2,152.8 |  |  |  |  | 2,039.9 |  |  |  |  | 1,419.2 |
Net sales |  | $ | 4,723.0 |  |  |  | $ | 4,801.1 |  |  |  | $ | 3,621.3 |
(In millions) |  | 2022 |  |  |  | 2021 |  |  |  | 2020 |
Operating income: |  |  |  |  |  |  |  |  |  |  |
Water Innovations |  | $ | 614.6 |  |  |  | $ | 629.7 |  |  |  | $ | 467.9 |
Outdoors & Security |  |  | 289.6 |  |  |  |  | 291.9 |  |  |  |  | 201.3 |
Corporate |  |  | (129.9 | ) |  |  |  | (110.5 | ) |  |  |  | (101.5 | )
Operating income |  | $ | 774.3 |  |  |  | $ | 811.1 |  |  |  | $ | 567.7 |
(In millions) |  | 2022 |  |  |  | 2021 |  |  |  | 2020 |
Total assets: |  |  |  |  |  |  |  |  |  |  |
Water Innovations |  | $ | 2,674.4 |  |  |  | $ | 2,614.7 |  |  |  | $ | 2,262.9 |
Outdoors & Security |  |  | 2,820.0 |  |  |  |  | 2,619.4 |  |  |  |  | 2,453.8 |
Corporate |  |  | 626.5 |  |  |  |  | 212.4 |  |  |  |  | 275.2 |
Total assets |  | $ | 6,120.9 |  |  |  | $ | 5,446.5 |  |  |  | $ | 4,991.9 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |
Water Innovations |  | $ | 34.9 |  |  |  | $ | 37.1 |  |  |  | $ | 37.6 |
Outdoors & Security |  |  | 45.5 |  |  |  |  | 40.7 |  |  |  |  | 33.3 |
Corporate |  |  | 2.5 |  |  |  |  | 2.8 |  |  |  |  | 2.7 |
Depreciation expense |  | $ | 82.9 |  |  |  | $ | 80.6 |  |  |  | $ | 73.6 |
Amortization of intangible assets: |  |  |  |  |  |  |  |  |  |  |
Water Innovations |  | $ | 16.2 |  |  |  | $ | 14.9 |  |  |  | $ | 10.8 |
Outdoors & Security |  |  | 32.1 |  |  |  |  | 31.5 |  |  |  |  | 13.4 |
Amortization of intangible assets |  | $ | 48.3 |  |  |  | $ | 46.4 |  |  |  | $ | 24.2 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
Water Innovations |  | $ | 52.1 |  |  |  | $ | 38.1 |  |  |  | $ | 30.5 |
Outdoors & Security |  |  | 138.1 |  |  |  |  | 124.2 |  |  |  |  | 76.4 |
Corporate |  |  | — |  |  |  |  | 0.3 |  |  |  |  | 16.3 |
Capital expenditures, gross |  |  | 190.2 |  |  |  |  | 162.6 |  |  |  |  | 123.2 |
Less: proceeds from disposition of assets |  |  | (8.2 | ) |  |  |  | (1.8 | ) |  |  |  | (1.0 | )
Capital expenditures, net |  | $ | 182.0 |  |  |  | $ | 160.8 |  |  |  | $ | 122.2 |
Net sales by geographic region (a): |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,763.6 |  |  |  | $ | 3,722.7 |  |  |  | $ | 2,774.8 |
China |  |  | 363.9 |  |  |  |  | 510.4 |  |  |  |  | 416.7 |
Canada |  |  | 368.2 |  |  |  |  | 384.2 |  |  |  |  | 280.3 |
Other international |  |  | 227.3 |  |  |  |  | 183.8 |  |  |  |  | 149.5 |
Net sales |  | $ | 4,723.0 |  |  |  | $ | 4,801.1 |  |  |  | $ | 3,621.3 |
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 673.5 |  |  |  | $ | 569.6 |  |  |  | $ | 487.3 |
Mexico |  |  | 55.9 |  |  |  |  | 53.7 |  |  |  |  | 53.9 |
Canada |  |  | 7.3 |  |  |  |  | 7.7 |  |  |  |  | 7.6 |
China |  |  | 20.1 |  |  |  |  | 23.7 |  |  |  |  | 25.0 |
Other international |  |  | 26.9 |  |  |  |  | 16.1 |  |  |  |  | 14.1 |
Property, plant and equipment, net |  | $ | 783.7 |  |  |  | $ | 670.8 |  |  |  | $ | 587.9 |
(a) Based on country of destination.

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