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Reportable Business Segments (Tables)
9 Months Ended
Sep. 30, 2012
Segment Reporting, Measurement Disclosures [Abstract]  
Summary of nature of operations of reportable segment
The table below details the nature of the operations for each reportable segment:
 
 
 
 
 
 
 
 
Segment
 
Product or Services
 
Markets Served
 
Geographic Areas
 
 
 
 
 
Residential Heating & Cooling
 
Heating
Air Conditioning
 
Residential Replacement
Residential New Construction
 
United States
Canada
 
 
 
 
 
Commercial Heating & Cooling
 
Rooftop Products
Chillers
Air Handlers Equipment Sales
Installation
Maintenance
Repair
 
Light Commercial
 
United States
Canada
Europe
 
 
 
 
 
Refrigeration
 
Unit Coolers
Condensing Units
Other Commercial Refrigeration Products
Display Cases and Systems
 
Light Commercial
Food Preservation and
Non-Food/Industrial
 
United States
Canada
Europe
Asia Pacific
South America
Net sales, segment profit (loss) by business segment and reconciliation of segment profit (loss) to Income from Continuing Operations before Income Taxes
Net sales and segment profit (loss) by business segment, along with a reconciliation of segment profit (loss) to Income from continuing operations before income taxes are shown below (in millions):
 
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
Net Sales
 
 
 
 
 
 
 
Residential Heating & Cooling
$
386.3

 
$
353.8

 
$
1,070.7

 
$
979.7

Commercial Heating & Cooling
219.7

 
223.6

 
597.9

 
596.4

Refrigeration
203.7

 
223.8

 
595.9

 
616.3

 
$
809.7

 
$
801.2

 
$
2,264.5

 
$
2,192.4

Segment Profit (Loss)
 
 
 
 
 
 
 
Residential Heating & Cooling
$
37.7

 
$
31.3

 
$
90.7

 
$
70.9

Commercial Heating & Cooling
32.5

 
31.1

 
74.1

 
67.2

Refrigeration
25.1

 
20.5

 
60.6

 
55.5

Corporate and other
(14.3
)
 
(15.1
)
 
(43.7
)
 
(41.5
)
Subtotal that includes segment profit and eliminations
81.0

 
67.8

 
181.7

 
152.1

Reconciliation to income from continuing operations before income taxes:
 
 
 
 
 
 
 
Special product quality adjustment
0.9

 

 
1.0

 
(2.4
)
Items in (Gains) losses and other expenses, net that are excluded from segment profit (1)
(1.2
)
 
3.2

 
(2.0
)
 
5.5

Restructuring charges
0.4

 
8.0

 
3.1

 
11.3

Interest expense, net
4.4

 
4.1

 
13.4

 
12.5

Other expense, net

 

 
0.1

 
0.1

Income from continuing operations before income taxes
$
76.5

 
$
52.5

 
$
166.1

 
$
125.1

 
(1)
Items in (Gains) losses and other expenses, net that are excluded from segment profit are net change in unrealized gains and/or losses on open futures contracts, discount fees on accounts sold, and realized gains and/or losses on marketable securities.