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Reportable Business Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting, Measurement Disclosures [Abstract]  
Summary of segment description
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):
 
Charges Incurred in 2016
 
Charges Incurred to Date
 
Total Charges Expected to be Incurred
Residential Heating & Cooling
$
—

 
$
0.9

 
$
0.9

Commercial Heating & Cooling
—

 
0.9

 
0.9

Refrigeration
(0.3
)
 
11.7

 
11.7

Corporate & Other
0.9

 
0.9

 
2.2

Total restructuring charges
$
0.6

 
$
14.4

 
$
15.7

The following table describes each segment:
 
Segment
 
Product 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) and reconciliation of segment profit (loss) to income from continuing operations before income taxes
Net sales and segment profit (loss) for each segment, along with a reconciliation of segment profit (loss) to Operating income, are shown below (in millions):
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Net sales
 
 
 
 
 
 
 
Residential Heating & Cooling
$
574.5

 
$
555.1

 
$
951.8

 
$
917.7

Commercial Heating & Cooling
252.9

 
253.6

 
423.3

 
413.5

Refrigeration
191.8

 
183.8

 
359.3

 
347.1

 
$
1,019.2

 
$
992.5

 
$
1,734.4

 
$
1,678.3

 
 
 
 
 
 
 
 
Segment profit (loss) (1) 
 
 
 
 
 
 
 
Residential Heating & Cooling
$
115.9

 
$
99.9

 
$
154.1

 
$
131.2

Commercial Heating & Cooling
47.4

 
43.0

 
61.7

 
50.7

Refrigeration
21.3

 
13.3

 
30.3

 
17.2

Corporate and other
(23.5
)
 
(22.0
)
 
(38.4
)
 
(33.7
)
Total segment profit
161.1

 
134.2

 
207.7

 
165.4

Reconciliation to Income from continuing operations before income taxes:
 
 
 
 
 
 
 
Special product quality adjustments
—

 
(1.1
)
 
(0.4
)
 
(1.4
)
Items in Losses (gains) and other expenses, net that are excluded from segment profit (loss) (1)
(0.4
)
 
2.6

 
3.1

 
6.7

Restructuring charges
0.8

 
1.8

 
0.6

 
2.1

Operating income
$
160.7

 
$
130.9

 
$
204.4

 
$
158.0

(1) The Company defines segment profit and loss as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding:
•
Special product quality adjustments;
•
The following items in Losses (gains) and other expenses, net:
◦
Net change in unrealized gains and/or losses on unsettled futures contracts,
◦
Special legal contingency charges,
◦
Asbestos-related litigation,
◦
Contractor tax payments,
◦
Environmental liabilities, and
◦
Other items, net;
•
Restructuring charges; and
•
Goodwill, long-lived asset, and equity method investment impairments.