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v3.25.2

Segment Data | 6 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
Segment Data | Segment Information Information about the operations of Brunswick's reportable and geographic segments is set forth below:
| Three Months Ended June 28, 2025 |  |  |  |  |  |
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total |  |  |  |  |  |  |  |  |  |  |  |
Net sales (A) | $ | 525.0 |  |  | $ | 335.9 |  |  | $ | 180.7 |  |  | $ | 405.4 |  |  | $ | — |  |  | $ | 1,447.0 |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (B) | 391.6 |  |  | 233.0 |  |  | 116.5 |  |  | 338.3 |  |  | — |  |  | 1,079.4 |  |  |  |  |  |  |  |  |  |  |  |  |
Operating expenses (C) | 67.6 |  |  | 31.2 |  |  | 71.8 |  |  | 56.0 |  |  | 37.7 |  |  | 264.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Operating earnings | $ | 65.8 |  |  | $ | 71.7 |  |  | $ | (7.6) |  |  | $ | 11.1 |  |  | $ | (37.7) |  |  | $ | 103.3 |  |  |  |  |  |  |  |  |  |  |  |  |
(A) Net sales includes $73.2 million, $1.9 million, $21.6 million and $0.2 million of segment eliminations for the Propulsion, Engine P&A, Navico Group and Boat reportable segments, respectively. (B) Includes $2.1 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $216.6 million of Selling, general and administrative expense, $41.8 million of Research and development expense and $5.9 million of Restructuring, exit and impairment charges.
| Three Months Ended June 29, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total
Net sales (A) | $ | 486.5 |  |  | $ | 334.1 |  |  | $ | 189.1 |  |  | $ | 434.2 |  |  | $ | — |  |  | $ | 1,443.9 |
Cost of sales (B) | 341.6 |  |  | 232.5 |  |  | 125.7 |  |  | 359.4 |  |  | — |  |  | 1,059.2 |
Operating expenses (C) | 59.3 |  |  | 26.0 |  |  | 66.4 |  |  | 50.0 |  |  | 24.7 |  |  | 226.4 |
Operating earnings | $ | 85.6 |  |  | $ | 75.6 |  |  | $ | (3.0) |  |  | $ | 24.8 |  |  | $ | (24.7) |  |  | $ | 158.3 |
(A) Net sales includes $71.5 million, $2.0 million and $21.0 million of segment eliminations for the Propulsion, Engine P&A and Navico Group reportable segments, respectively. (B) Includes $6.3 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $181.8 million of Selling, general and administrative expense, $43.0 million of Research and development expense and $1.6 million of Restructuring, exit and impairment charges.
| Six Months Ended June 28, 2025
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total
Net sales (A) | $ | 938.7 |  |  | $ | 588.8 |  |  | $ | 364.2 |  |  | $ | 777.1 |  |  | $ | — |  |  | $ | 2,668.8 |
Cost of sales (B) | 699.5 |  |  | 418.3 |  |  | 233.2 |  |  | 647.0 |  |  | — |  |  | 1,998.0 |
Operating expenses (C) | 127.3 |  |  | 59.7 |  |  | 141.4 |  |  | 111.3 |  |  | 71.5 |  |  | 511.2 |
Operating earnings | $ | 111.9 |  |  | $ | 110.8 |  |  | $ | (10.4) |  |  | $ | 18.8 |  |  | $ | (71.5) |  |  | $ | 159.6 |
(A) Net sales includes $146.5 million, $4.3 million, $46.3 million and $0.6 million of segment eliminations for the Propulsion, Engine P&A, Navico Group and Boat reportable segments, respectively. (B) Includes $2.8 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $424.6 million of Selling, general and administrative expense, $80.3 million of Research and development expense and $6.3 million of Restructuring, exit and impairment charges.
| Six Months Ended June 29, 2024
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate/Other |  | Total
Net sales (A) | $ | 982.3 |  |  | $ | 594.8 |  |  | $ | 371.9 |  |  | $ | 859.9 |  |  | $ | — |  |  | $ | 2,808.9 |
Cost of sales (B) | 681.5 |  |  | 430.1 |  |  | 240.1 |  |  | 702.5 |  |  | — |  |  | 2,054.2 |
Operating expenses (C) | 132.4 |  |  | 55.9 |  |  | 137.2 |  |  | 103.2 |  |  | 57.1 |  |  | 485.8 |
Operating earnings | $ | 168.4 |  |  | $ | 108.8 |  |  | $ | (5.4) |  |  | $ | 54.2 |  |  | $ | (57.1) |  |  | $ | 268.9 |
(A) Net sales includes $153.9 million, $3.7 million and $49.1 million of segment eliminations for the Propulsion, Engine P&A and Navico Group reportable segments, respectively. (B) Includes $9.9 million of Cost of sales related Restructuring, exit and impairment charges. (C) Includes $385.5 million of Selling, general and administrative expense, $88.8 million of Research and development expense and $11.5 million of Restructuring, exit and impairment charges.
| Depreciation
| Three Months Ended |  | Six Months Ended
(in millions) | June 28, 2025 |  |  | June 29, 2024 |  | June 28, 2025 |  |  | June 29, 2024
Propulsion | $ | 30.8 |  |  |  | $ | 31.6 |  |  | $ | 60.6 |  |  |  | $ | 62.4 |
Engine P&A | 4.1 |  |  |  | 3.8 |  |  | 8.1 |  |  |  | 7.5 |
Navico Group | 3.2 |  |  |  | 2.9 |  |  | 5.9 |  |  |  | 6.1 |
Boat | 13.7 |  |  |  | 12.9 |  |  | 26.9 |  |  |  | 25.5 |
Corporate/Other | 1.2 |  |  |  | 1.3 |  |  | 2.4 |  |  |  | 2.5 |
Total | $ | 53.0 |  |  |  | $ | 52.5 |  |  | $ | 103.9 |  |  |  | $ | 104.0 |
| Amortization
| Three Months Ended |  | Six Months Ended
(in millions) | June 28, 2025 |  |  | June 29, 2024 |  | June 28, 2025 |  |  | June 29, 2024
Propulsion | $ | 2.1 |  |  |  | $ | 1.5 |  |  | $ | 4.0 |  |  |  | $ | 3.1 |
Engine P&A | 0.3 |  |  |  | 0.2 |  |  | 0.5 |  |  |  | 0.4 |
Navico Group | 15.1 |  |  |  | 14.0 |  |  | 29.6 |  |  |  | 27.9 |
Boat | 1.5 |  |  |  | 1.4 |  |  | 3.0 |  |  |  | 2.8 |
Corporate/Other | 1.1 |  |  |  | 0.8 |  |  | 2.2 |  |  |  | 1.6 |
Total | $ | 20.1 |  |  |  | $ | 17.9 |  |  | $ | 39.3 |  |  |  | $ | 35.8 |
| Total Assets
(in millions) | June 28, 2025 |  | December 31, 2024 |  | June 29, 2024
Propulsion | $ | 1,469.7 |  |  | $ | 1,507.3 |  |  | $ | 1,742.4 |
Engine P&A | 886.7 |  |  | 803.5 |  |  | 869.9 |
Navico Group | 1,875.6 |  |  | 1,877.6 |  |  | 1,995.0 |
Boat | 902.1 |  |  | 868.3 |  |  | 891.8 |
Corporate/Other | 660.2 |  |  | 621.0 |  |  | 896.6 |
Total | $ | 5,794.3 |  |  | $ | 5,677.7 |  |  | $ | 6,395.7 |
| Capital Expenditures |
| Three Months Ended |  | Six Months Ended |
(in millions) | June 28, 2025 |  |  |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024 |
Propulsion | $ | 21.4 |  |  |  |  | $ | 23.8 |  |  | $ | 36.6 |  |  | $ | 51.1 |  |
Engine P&A | 4.0 |  |  |  |  | 2.3 |  |  | 6.2 |  |  | 5.8 |  |
Navico Group | 4.9 |  |  |  |  | 5.6 |  |  | 7.4 |  |  | 9.6 |  |
Boat | 13.4 |  |  |  |  | 12.7 |  |  | 29.3 |  |  | 29.8 |  |
Corporate/Other | 1.2 |  |  |  |  | 2.7 |  |  | 3.1 |  |  | 4.8 |  |
Total | $ | 44.9 |  |  |  |  | $ | 47.1 |  |  | $ | 82.6 |  |  | $ | 101.1 |  |
| Research & Development Expense |  |
| Three Months Ended |  | Six Months Ended |  |
(in millions) | June 28, 2025 |  |  |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024 |  |
Propulsion | $ | 21.4 |  |  |  |  | $ | 21.4 |  |  | $ | 39.9 |  |  | $ | 45.2 |  |  |
Engine P&A | 0.3 |  |  |  |  | 0.5 |  |  | 0.7 |  |  | 0.7 |  |  |
Navico Group | 11.6 |  |  |  |  | 12.8 |  |  | 23.0 |  |  | 25.3 |  |  |
Boat | 7.5 |  |  |  |  | 6.1 |  |  | 14.7 |  |  | 12.9 |  |  |
Corporate/Other | 1.0 |  |  |  |  | 2.2 |  |  | 2.0 |  |  | 4.7 |  |  |
Total | $ | 41.8 |  |  |  |  | $ | 43.0 |  |  | $ | 80.3 |  |  | $ | 88.8 |  |  |
| Net Sales
| Three Months Ended |  | Six Months Ended
(in millions) | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
United States | $ | 976.4 |  |  | $ | 974.9 |  |  | $ | 1,794.5 |  |  | $ | 1,891.9 |
International | 470.6 |  |  | 469.0 |  |  | 874.3 |  |  | 917.0 |
Total | $ | 1,447.0 |  |  | $ | 1,443.9 |  |  | $ | 2,668.8 |  |  | $ | 2,808.9 |
| Net Property
(in millions) | June 28, 2025 |  | December 31, 2024 |  | June 29, 2024
United States | $ | 1,112.3 |  |  | $ | 1,127.8 |  |  | $ | 1,174.3 |
International | 110.0 |  |  | 105.2 |  |  | 105.6 |
Corporate/Other | 16.2 |  |  | 18.5 |  |  | 20.4 |
Total | $ | 1,238.5 |  |  | $ | 1,251.5 |  |  | $ | 1,300.3 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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