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Information on Business Segments (Tables)

12 Months Ended

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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- 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
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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