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Reportable Business Segments (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
Summary of segment description The following table describes each segment:
 
SegmentProduct or ServicesMarkets ServedGeographic Areas
Residential Heating & CoolingFurnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts and suppliesResidential Replacement;
Residential New Construction
United States
Canada
Commercial Heating & CoolingUnitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, and variable refrigerant flow commercial productsLight CommercialUnited States
Canada
RefrigerationCondensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressorized racksLight 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 June 30,For the Six Months Ended June 30,
 2020201920202019
Net sales
Residential Heating & Cooling$644.8  $689.1  $1,086.9  $1,154.6  
Commercial Heating & Cooling188.3  261.3  366.7  434.7  
Refrigeration108.2  148.7  211.5  300.1  
$941.3  $1,099.1  $1,665.1  $1,889.4  
Segment profit (loss) (1)
Residential Heating & Cooling$127.3  $153.4  $159.8  $240.1  
Commercial Heating & Cooling35.6  53.9  54.3  68.9  
Refrigeration8.9  19.1  9.6  27.5  
Corporate and other(18.8) (24.1) (33.1) (36.2) 
Total segment profit153.0  202.3  190.6  300.3  
Reconciliation to Operating income:
Special product quality adjustments(1.0) (0.5) (1.0) (0.5) 
Loss on sale of business—  0.4  —  8.8  
Partial advance of insurance recoveries related to lost profits—  (8.0) —  (8.0) 
Loss (gain) from natural disaster, net of insurance recoveries1.0  (5.9) 2.7  (12.8) 
Items in (Gains) losses and other expenses, net that are excluded from segment profit (loss) (1)7.0  2.6  6.1  3.9  
Restructuring charges10.0  (0.1) 10.5  0.4  
Operating income$136.0  $213.8  $172.3  $308.5  
(1) We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding:
The following items in losses (gains) and other expenses, net:
Net change in unrealized losses (gains) on unsettled futures contracts,
Special legal contingency charges,
Asbestos-related litigation,
Environmental liabilities,
Charges incurred related to COVID-19 pandemic,
Other items, net,
Loss on sale of business,
Special product quality adjustments,
Partial advance of insurance recoveries related to lost profits,
Loss (gain) from natural disaster, net of insurance recoveries; and,
Restructuring charges.