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Reportable Business Segments (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting, Measurement Disclosures [Abstract]  
Net sales, segment profit (loss) by business segment and reconciliation of segment profit (loss) to Income from Continuing Operations before Income Taxes
While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions):
 
Incurred in 2015
 
Incurred to Date
 
Total Expected to be Incurred
Residential Heating & Cooling
$
(0.6
)
 
$
0.9

 
$
0.9

Commercial Heating & Cooling
—

 
0.9

 
0.9

Refrigeration
3.8

 
12.0

 
12.0

Corporate & Other
—

 
—

 
—

Total
$
3.2

 
$
13.8

 
$
13.8

We operate in three reportable business segments of the heating, ventilation, air conditioning and refrigeration (“HVACR”) industry. Our segments are organized primarily by the nature of the products and services we provide. The following table describes each segment:
Segment
 
Products or Services
 
Markets Served
 
Geographic Areas
Residential Heating & Cooling
 
Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts
 
Residential Replacement;
Residential New Construction
 
United States
Canada
Commercial Heating & Cooling
 
Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment
 
Light Commercial
 
United States
Canada
Europe
Refrigeration
 
Condensing units, unit coolers, fluid coolers, air- cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
 
Light Commercial;
Food Preservation;
Non-Food/Industrial
 
United States
Canada
Europe
Asia Pacific
South America
Net sales and segment profit (loss) with reconciliation of segment profit (loss)
Net sales and segment profit (loss) by segment, along with a reconciliation of segment profit (loss) to Income from continuing operations before income taxes, are shown below (in millions):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Net Sales (1) 
 
 
 
 
 
Residential Heating & Cooling
$
1,866.9

 
$
1,736.5

 
$
1,583.2

Commercial Heating & Cooling
887.2

 
878.5

 
844.4

Refrigeration
713.3

 
752.4

 
771.5

 
$
3,467.4

 
$
3,367.4

 
$
3,199.1

Segment Profit (Loss) (2) 
 
 
 
 
 
Residential Heating & Cooling
$
278.4

 
$
235.8

 
$
180.1

Commercial Heating & Cooling
130.4

 
124.0

 
118.1

Refrigeration
52.9

 
55.4

 
90.2

Corporate and other
(84.1
)
 
(74.3
)
 
(87.9
)
Subtotal that includes segment profit and eliminations
377.6

 
340.9

 
300.5

Reconciliation to income from continuing operations before income taxes:
 
 
 
 
 
Special product quality adjustments
(2.2
)
 
(1.4
)
 
(2.3
)
Items in Losses and other expenses, net that are excluded from segment profit (loss) (2)
15.6

 
4.7

 
8.8

Restructuring charges
3.2

 
1.9

 
5.0

Interest expense, net
23.6

 
17.2

 
14.5

Goodwill impairment
5.5

 
—

 
—

Asset impairment
44.5

 
—

 
—

One time inventory write down
5.6

 
1.0

 
—

Other expense, net
(0.8
)
 
(0.1
)
 
0.2

Income from continuing operations before income taxes
$
282.6

 
$
317.6

 
$
274.3

 
(1) On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.
(2) The Company defines segment profit and loss as a segment's income or loss from continuing operations before income taxes included in the accompanying Consolidated Statements of Operations, excluding:
•
Special product quality adjustments;
•
The following items in Losses and other expenses, net:
◦
Net change in unrealized gains and/or losses on unsettled futures contracts,
◦
Special legal contingency charges,
◦
Asbestos-related litigation,
◦
Environmental liabilities, and
◦
Other items, net;
•
Restructuring charges;
•
Goodwill, long-lived asset, and equity method investment impairments;
•
Interest expense, net;
•
One time inventory write down; and
•
Other expense, net.
Total assets by business segment
Total assets by segment are shown below (in millions):
 
As of December 31,
 
2015
 
2014
 
2013
Total Assets:
 
 
 
 
 
Residential Heating & Cooling
$
628.3

 
$
632.3

 
$
500.0

Commercial Heating & Cooling
363.6

 
353.4

 
346.3

Refrigeration
444.9

 
551.5

 
572.0

Corporate and other
243.4

 
227.1

 
208.4

Assets for continuing operations
1,680.2

 
1,764.3

 
1,626.7

Discontinued operations (See Note 17)
—

 
—

 
—

Total assets
$
1,680.2

 
$
1,764.3

 
$
1,626.7
Summary of capital expenditures, depreciation and amortization, and income from equity method investments expense by business segment
Total capital expenditures by segment are shown below (in millions):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Capital Expenditures:
 
 
 
 
 
Residential Heating & Cooling
$
28.1

 
$
39.4

 
$
34.2

Commercial Heating & Cooling
8.6

 
14.1

 
11.2

Refrigeration
11.4

 
15.8

 
16.5

Corporate and other
21.8

 
19.1

 
16.4

Total capital expenditures (1)
$
69.9

 
$
88.4

 
$
78.3



(1) Includes amounts recorded under capital leases. There were no significant new capital leases in 2015, 2014 or 2013.

Depreciation and amortization expenses by segment are shown below (in millions):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Depreciation and Amortization:
 
 
 
 
 
Residential Heating & Cooling
$
20.7

 
$
20.7

 
$
20.5

Commercial Heating & Cooling
9.7

 
9.3

 
9.0

Refrigeration
15.5

 
16.3

 
15.3

Corporate and other
16.9

 
14.5

 
14.1

Total depreciation and amortization
$
62.8

 
$
60.8

 
$
58.9



The equity method investments are shown below (in millions):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Income from Equity Method Investments:
 
 
 
 
 
Refrigeration
$
2.8

 
$
2.5

 
$
2.5

Residential
10.6

 
11.3

 
9.7

Total income from equity method investments
$
13.4

 
$
13.8

 
$
12.2
Summary of financial information relating to geographic area based operations
Net sales for each major geographic area in which we operate are shown below (in millions):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Net Sales to External Customers by Point of Shipment:
 
 
 
 
 
United States
$
2,793.4

 
$
2,576.4

 
$
2,382.0

Canada
217.7

 
236.3

 
232.3

International
456.3

 
554.7

 
584.8

Total net sales to external customers
$
3,467.4

 
$
3,367.4

 
$
3,199.1
Property, plant, and equipment, net for each major geographic area
Property, plant and equipment, net for each major geographic area in which we operate, based on the domicile of our operations, are shown below (in millions):
 
As of December 31,
 
2015
 
2014
 
2013
Property, Plant and Equipment, net:
 
 
 
 
 
United States
$
224.8

 
$
243.4

 
$
230.3

Mexico
60.0

 
52.4

 
39.7

Canada
1.2

 
0.6

 
0.6

International
53.6

 
62.2

 
64.9

Total Property, plant and equipment, net
$
339.6

 
$
358.6

 
$
335.5