XML 39 R29.htm IDEA: XBRL DOCUMENT v3.24.3
Reportable Business Segments (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting, Measurement Disclosures [Abstract]  
Summary of segment description The following table describes each segment:
 
SegmentProduct or ServicesMarkets ServedGeographic Areas
Home Comfort SolutionsFurnaces, 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
Building Climate SolutionsCommercial heating, air conditioning and refrigeration systems. Products include rooftop packaged units, variable refrigerant flow systems, heat pumps, air cooled condensing units, air handlers, unit coolers, and process chillers. Services include installation, energy monitoring, service and maintenance, and HVAC recycling.Light Commercial;
Food Preservation;
Non-Food Industry		United States
Canada
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 September 30,For the Nine Months Ended September 30,
 2024
2023
2024
2023
Net sales
Home Comfort Solutions$1,032.8 $896.3 $2,689.7 $2,513.6 
Business Climate Solutions
465.3 405.5 1,306.6 1,121.5 
Corporate and Other (1)
— 64.5 — 192.0 
Total segment net sales$1,498.1 $1,366.3 $3,996.3 $3,827.1 
Segment profit (loss) (2)
Home Comfort Solutions$226.5 $181.4 $567.1 $495.2 
Business Climate Solutions
105.9 97.3 298.1 250.3 
Corporate and Other
(29.1)(23.4)(76.6)(65.2)
Total segment profit303.3 255.3 788.6 680.3 
Reconciliation to Operating income:
Impairment on assets held for sale— 63.2 — 63.2 
Gain on sale from previous dispositions— — (1.6)— 
Items in Losses (gains) and other expenses, net that are excluded from segment profit (loss) (2)
— 5.0 — 12.1 
Restructuring charges— 0.3 — 0.2 
Operating income$303.3 $186.8 $790.2 $604.8 
(1) The Corporate and Other segment included our European portfolio. In the fourth quarter of 2023 we completed the divestiture of our European operations.
(2) 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 and other expenses, net:
▪Net change in unrealized losses (gains) on unsettled futures contracts,
▪Environmental liabilities and special litigation charges, and
▪Other items, net
◦R