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Segment Information
 12 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Segment Information
Our operations consist of two business segments: Mueller Co. and Anvil. These segments are organized primarily based on products sold and customers served and are consistent with how the segments are managed, how resources are allocated and how information is used by the chief operating decision maker. Mueller Co. manufactures valves for water and gas systems including butterfly, iron gate, tapping, check, knife, plug and ball valves, dry-barrel and wet-barrel fire hydrants and metering, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. Anvil manufactures and sources a broad range of products including a variety of fittings, couplings, hangers and related products.
Segment results are not reflective of their results on a stand-alone basis. Intersegment sales and transfers are made at selling prices generally intended to cover costs. The determination of segment results excludes certain corporate expenses designated as Corporate because they are not directly attributable to segment operations. Consolidated interest, loss on early extinguishment of debt and income taxes are not allocated to the segments. Corporate expenses include those costs incurred by our corporate function, such as accounting, treasury, risk management, human resources, legal, tax and other administrative functions and also costs associated with assets and liabilities retained following the sale of U.S. Pipe. Corporate assets principally consist of cash, income tax assets, assets related to the sale of our former U.S. Pipe segment and deferred financing fees. Segment assets consist primarily of receivables, inventories, property, plant and equipment and intangible assets.
Geographical area information is presented below.
 
United States
 
Canada    
 
Other    
 
Total    
 
(in millions)
Net sales:
 
 
 
 
 
 
 
2014
$
1,040.7

 
$
101.0

 
$
43.0

 
$
1,184.7

2013
971.0

 
101.5

 
48.3

 
1,120.8

2012
872.3

 
112.4

 
39.2

 
1,023.9

Property, plant and equipment, net:
 
 
 
 
 
 
 
September 30, 2014
$
138.5

 
$
4.3

 
$
3.5

 
$
146.3

September 30, 2013
133.6

 
4.7

 
3.6

 
141.9


Approximately 39% of our 2014 gross sales were to our 10 largest customers, and approximately 24% of our 2014 gross sales were to our two largest customers, Ferguson Enterprises, Inc. (“Ferguson Enterprises”) and HD Supply, Inc. (“HD Supply”). Sales to Ferguson Enterprises comprised approximately 13%, 12% and 12% of our total gross sales during 2014, 2013 and 2012, respectively. In 2014, Ferguson Enterprises accounted for approximately 16% and 8% of gross sales for Mueller Co and Anvil, respectively. Receivables from Ferguson Enterprises totaled $25.7 million and $22.9 million at September 30, 2014 and 2013, respectively. Sales to HD Supply comprised approximately 11%, 11% and 10% of our total gross sales during 2014, 2013, and 2012, respectively. In 2014, HD Supply accounted for approximately 15% and 4% of gross sales for Mueller Co. and Anvil, respectively. Receivables from HD Supply totaled $17.7 million and $24.4 million at September 30, 2014 and 2013, respectively.
Summarized financial information for our segments is presented below.
 
Mueller Co.
 
Anvil    
 
Corporate  
 
Total    
 
(in millions)
Net sales, excluding intercompany:
 
 
 
 
 
 
 
2014
$
783.3

 
$
401.4

 
$
—

 
$
1,184.7

2013
729.5

 
391.3

 
—

 
1,120.8

2012
652.4

 
371.5

 
—

 
1,023.9

Intercompany sales:
 
 
 
 
 
 
 
2014
$
6.7

 
$
0.1

 
$
—

 
$
6.8

2013
7.4

 
0.1

 
—

 
7.5

2012
7.3

 
0.1

 
—

 
7.4

Operating income (loss):
 
 
 
 
 
 
 
2014
$
122.3

 
$
41.3

 
$
(39.5
)
 
$
124.1

2013
91.3

 
40.2

 
(34.2
)
 
97.3

2012
57.7

 
37.3

 
(30.9
)
 
64.1

Depreciation and amortization:
 
 
 
 
 
 
 
2014
$
42.1

 
$
14.2

 
$
0.4

 
$
56.7

2013
44.6

 
14.2

 
0.4

 
59.2

2012
45.7

 
14.3

 
0.6

 
60.6

Restructuring:
 
 
 
 
 
 
 
2014
$
2.2

 
$
0.9

 
$
—

 
$
3.1

2013
1.5

 
0.1

 
(0.1
)
 
1.5

2012
2.5

 
0.3

 
—

 
2.8

Capital expenditures:
 
 
 
 
 
 
 
2014
$
24.9

 
$
11.6

 
$
0.4

 
$
36.9

2013
24.0

 
12.3

 
0.2

 
36.5

2012
20.0

 
11.4

 
—

 
31.4

Total assets:
 
 
 
 
 
 
 
September 30, 2014
$
835.8

 
$
263.9

 
$
217.4

 
$
1,317.1

September 30, 2013
846.8

 
259.6

 
175.5

 
1,281.9

Intangible assets, net:
 
 
 
 
 
 
 
September 30, 2014
$
475.7

 
$
57.9

 
$
—

 
$
533.6

September 30, 2013
491.6

 
61.5

 
—

 
553.1