Reportable Business Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting, Measurement Disclosures [Abstract]

Summary of segment description

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 and supplies

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, and variable refrigerant flow commercial products

Light Commercial

United States
Canada

Refrigeration

Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressorized racks

Light Commercial;
Food Preservation;
Non-Food/Industrial

United States
Canada
Europe

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 March 31,
	2020		2019
Net sales
Residential Heating & Cooling	$	442.1	$	465.6
Commercial Heating & Cooling	178.4		173.3
Refrigeration	103.3		151.4
	$	723.8	$	790.3

Segment profit (loss) ⁽¹⁾
Residential Heating & Cooling	$	32.5	$	86.7
Commercial Heating & Cooling	18.7		15.1
Refrigeration	0.7		8.4
Corporate and other	(14.3)		(12.1)
Total segment profit	37.6		98.1
Reconciliation to Operating income:


Loss on sale of business	—		8.5

Loss (gain) from natural disaster, net of insurance recoveries	1.6		(6.9)

Items in (Gains) losses and other expenses, net that are excluded from segment profit (loss) ⁽¹⁾	(0.9)		1.3
Restructuring charges	0.5		0.5
Operating income	$	36.4	$	94.7

⁽¹⁾We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding: