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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Operating Segments | Information about the operations of Brunswick's reportable segments is set forth below:
| For the Year Ended December 31, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total
Net sales (A) | $ | 1,809.0 |  |  | $ | 1,154.5 |  |  | $ | 720.1 |  |  | $ | 1,553.5 |  |  | $ | — |  |  | $ | 5,237.1 |
Cost of sales (B) | 1,315.0 |  | 826.3 |  | 471.5 |  | 1,288.2 |  | — |  |  | 3,901.0 |
Operating expenses (C) | 251.4 |  | 108.3 |  | 349.2 |  | 202.0 |  | 113.6 |  | 1,024.5 |
Operating earnings | $ | 242.6 |  |  | $ | 219.9 |  |  | $ | (100.6) |  |  | $ | 63.3 |  |  | $ | (113.6) |  |  | $ | 311.6 |
(A) Net sales includes $265.2 million, $6.3 million and $80.1 million of segment eliminations for the Propulsion, Engine P&A and Navico Group reportable segments, respectively. (B) Includes $14.7 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $747.9 million of Selling, general and administrative expense, $169.6 million of Research and development expense and $107.0 million of Restructuring, exit and impairment charges.
| For the Year Ended December 31, 2023
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total
Net sales (A) | $ | 2,406.5 |  |  | $ | 1,192.7 |  |  | $ | 813.5 |  |  | $ | 1,988.7 |  |  | $ | — |  |  | $ | 6,401.4 |
Cost of sales (B) | 1,643.2 |  | 856.9 |  | 512.6 |  | 1,612.6 |  | — |  |  | 4,625.3 |
Operating expenses (C) | 268.6 |  | 118.4 |  | 295.7 |  | 220.5 |  | 138.0 |  | 1,041.2 |
Operating earnings | $ | 494.7 |  |  | $ | 217.4 |  |  | $ | 5.2 |  |  | $ | 155.6 |  |  | $ | (138.0) |  |  | $ | 734.9 |
(A) Net sales includes $357.3 million, $7.1 million, $101.2 million and $0.7 million of segment eliminations for the Propulsion, Engine P&A, Navico Group and Boat reportable segments, respectively. (B) Includes $10.9 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $812.2 million of Selling, general and administrative expense, $185.2 million of Research and development expense and $43.8 million of Restructuring, exit and impairment charges.
| For the Year Ended December 31, 2022
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total
Net sales (A) | $ | 2,425.7 |  |  | $ | 1,302.6 |  |  | $ | 964.8 |  |  | $ | 2,119.1 |  |  | $ | — |  |  | $ | 6,812.2 |
Cost of sales (B) | 1,650.3 |  | 912.3 |  | 594.7 |  | 1,707.8 |  | — |  |  | 4,865.1 |
Operating expenses (C) | 252.5 |  | 122.3 |  | 301.9 |  | 198.5 |  | 124.1 |  | 999.3 |
Operating earnings | $ | 522.9 |  |  | $ | 268.0 |  |  | $ | 68.2 |  |  | $ | 212.8 |  |  | $ | (124.1) |  |  | $ | 947.8 |
(A) Net Sales includes $398.3 million, $7.6 million, $104.5 million and $0.3 million of segment eliminations for the Propulsion, Engine P&A, Navico Group and Boat reportable segments, respectively. (B) Includes $0.1 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $771.4 million of Selling, general and administrative expense, $202.9 million of Research and development expense and $25.0 million of Restructuring, exit and impairment charges.
| Depreciation |  | Amortization
(in millions) | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Propulsion | $ | 127.0 |  |  | $ | 124.3 |  |  | $ | 98.8 |  |  | $ | 8.7 |  |  | $ | 4.7 |  |  | $ | 3.1 |
Engine P&A | 16.9 |  |  | 15.2 |  |  | 11.0 |  |  | 0.9 |  |  | 0.7 |  |  | 0.7 |
Navico Group | 12.3 |  |  | 12.3 |  |  | 13.5 |  |  | 55.9 |  |  | 55.7 |  |  | 55.2 |
Boat | 52.8 |  |  | 49.0 |  |  | 42.1 |  |  | 5.8 |  |  | 5.0 |  |  | 3.3 |
Corporate/Other | 5.0 |  |  | 3.5 |  |  | 2.5 |  |  | 3.5 |  |  | 2.5 |  |  | 1.0 |
Total | $ | 214.0 |  |  | $ | 204.3 |  |  | $ | 167.9 |  |  | $ | 74.8 |  |  | $ | 68.6 |  |  | $ | 63.3 |
| Total Assets |  | Capital Expenditures |  | Research & Development Expense
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Propulsion | $ | 1,507.3 |  |  | $ | 1,648.7 |  |  | $ | 81.4 |  |  | $ | 157.1 |  |  | $ | 236.1 |  |  | $ | 88.2 |  |  | $ | 99.6 |  |  | $ | 104.6 |
Engine P&A | 803.5 |  |  | 855.6 |  |  | 8.4 |  |  | 17.9 |  |  | 25.7 |  |  | 1.3 |  |  | 1.4 |  |  | 1.3 |
Navico Group | 1,877.6 |  |  | 2,074.3 |  |  | 21.8 |  |  | 26.3 |  |  | 24.4 |  |  | 46.6 |  |  | 48.0 |  |  | 66.1 |
Boat | 868.3 |  |  | 874.8 |  |  | 47.3 |  |  | 72.3 |  |  | 86.6 |  |  | 25.2 |  |  | 26.9 |  |  | 26.7 |
Corporate/Other | 621.0 |  |  | 777.1 |  |  | 8.5 |  |  | 15.7 |  |  | 15.5 |  |  | 8.3 |  |  | 9.3 |  |  | 4.2 |
Total | $ | 5,677.7 |  |  | $ | 6,230.5 |  |  | $ | 167.4 |  |  | $ | 289.3 |  |  | $ | 388.3 |  |  | $ | 169.6 |  |  | $ | 185.2 |  |  | $ | 202.9 |
Geographic Segments | Geographic Segments
| Net sales |  | Net property
(in millions) | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023
United States | $ | 3,547.6 |  |  | $ | 4,449.8 |  |  | $ | 4,699.2 |  |  | $ | 1,127.8 |  |  | $ | 1,182.7 |
International | 1,689.5 |  |  | 1,951.6 |  |  | 2,113.0 |  |  | 105.2 |  |  | 111.4 |
Corporate/Other | — |  |  | — |  |  | — |  |  | 18.5 |  |  | 21.7 |
Total | $ | 5,237.1 |  |  | $ | 6,401.4 |  |  | $ | 6,812.2 |  |  | $ | 1,251.5 |  |  | $ | 1,315.8 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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