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v3.23.2

Segment Information | 9 Months Ended
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Jun. 30, 2023
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Reporting Disclosure [Text Block] | Segment Information We have two reportable segments, Water Flow Solutions and Water Management Solutions. Water Flow Solutions’ portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions’ portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, pressure control and software products and services. Summarized financial information for our segments is presented below:
| Three months ended |  | Nine months ended
| June 30, |  | June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Net sales, excluding intercompany: |  |  |  |  |  |  |
Water Flow Solutions | $ | 150.1 |  |  | $ | 195.9 |  |  | $ | 472.9 |  |  | $ | 534.7 |
Water Management Solutions | 176.5 |  |  | 137.3 |  |  | 501.4 |  |  | 381.3 |
| $ | 326.6 |  |  | $ | 333.2 |  |  | $ | 974.3 |  |  | $ | 916.0 |
Operating income (loss): |  |  |  |  |  |  |
Water Flow Solutions | $ | 12.6 |  |  | $ | 38.1 |  |  | $ | 52.0 |  |  | $ | 104.8 |
Water Management Solutions | 39.0 |  |  | 12.0 |  |  | 90.3 |  |  | 35.1 |
Corporate | (16.0) |  |  | (13.2) |  |  | (39.8) |  |  | (39.9) |
| $ | 35.6 |  |  | $ | 36.9 |  |  | $ | 102.5 |  |  | $ | 100.0 |
Depreciation and amortization: |  |  |  |  |  |  |
Water Flow Solutions | $ | 8.2 |  |  | $ | 7.6 |  |  | $ | 23.7 |  |  | $ | 22.5 |
Water Management Solutions | 7.6 |  |  | 7.2 |  |  | 22.3 |  |  | 22.2 |
Corporate | — |  |  | 0.1 |  |  | 0.1 |  |  | 0.2 |
| $ | 15.8 |  |  | $ | 14.9 |  |  | $ | 46.1 |  |  | $ | 44.9 |
Strategic reorganization and other charges (benefits): |  |  |  |  |  |  |
Water Flow Solutions | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |
Water Management Solutions | 1.0 |  |  | — |  |  | 1.2 |  |  | 0.2 |
Corporate | 2.8 |  |  | 0.6 |  |  | (0.4) |  |  | 3.4 |
| $ | 3.9 |  |  | $ | 0.6 |  |  | $ | 0.9 |  |  | $ | 3.6 |
Capital expenditures: |  |  |  |  |  |  |
Water Flow Solutions | $ | 7.5 |  |  | $ | 8.1 |  |  | $ | 23.1 |  |  | $ | 29.6 |
Water Management Solutions | 4.4 |  |  | 2.6 |  |  | 9.3 |  |  | 7.1 |
Corporate | — |  |  | — |  |  | — |  |  | — |
| $ | 11.9 |  |  | $ | 10.7 |  |  | $ | 32.4 |  |  | $ | 36.7 |
Water Flow Solutions disaggregated net sales: |  |  |  |  |  |  |
Central | $ | 43.0 |  |  | $ | 53.8 |  |  | $ | 131.0 |  |  | $ | 145.0 |
Northeast | 31.7 |  |  | 29.4 |  |  | 93.4 |  |  | 90.5 |
Southeast | 24.8 |  |  | 44.3 |  |  | 86.8 |  |  | 122.3 |
West | 37.8 |  |  | 47.4 |  |  | 123.4 |  |  | 131.3 |
United States | 137.3 |  |  | 174.9 |  |  | 434.6 |  |  | 489.1 |
Canada | 9.8 |  |  | 18.8 |  |  | 29.2 |  |  | 40.7 |
Other international locations | 3.0 |  |  | 2.2 |  |  | 9.1 |  |  | 4.9 |
| $ | 150.1 |  |  | $ | 195.9 |  |  | $ | 472.9 |  |  | $ | 534.7 |
Water Management Solutions disaggregated net sales: |  |  |  |  |  |  |
Central | $ | 47.4 |  |  | $ | 37.7 |  |  | $ | 133.2 |  |  | $ | 101.1 |
Northeast | 44.3 |  |  | 25.4 |  |  | 116.1 |  |  | 78.1 |
Southeast | 37.1 |  |  | 27.8 |  |  | 109.8 |  |  | 79.6 |
West | 31.2 |  |  | 30.8 |  |  | 93.0 |  |  | 77.8 |
United States | 160.0 |  |  | 121.7 |  |  | 452.1 |  |  | 336.6 |
Canada | 10.0 |  |  | 9.7 |  |  | 29.9 |  |  | 26.0 |
Other international locations | 6.5 |  |  | 5.9 |  |  | 19.4 |  |  | 18.7 |
| $ | 176.5 |  |  | $ | 137.3 |  |  | $ | 501.4 |  |  | $ | 381.3 |

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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 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: 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 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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