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Reportable Business Segments (Tables)
 12 Months Ended
Dec. 31, 2024
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 The following table describes each segment:
SegmentProducts 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 supplies
Residential Replacement;
Residential New Construction
United States
Canada
Building Climate SolutionsUnitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks
Light Commercial; Food Preservation; Non-Food Industry
United States
Canada
Key financial information for each segment is shown below (in millions):

Home Comfort SolutionsBusiness Climate Solutions
Corporate and Other (1)
Total
For the Year Ended December 31, 2024
Net Sales(2)
$3,577.1 $1,764.2 $— $5,341.3 
Cost of Goods Sold2,426.2 1,142.5 0.7 3,569.4 
Selling, general and administrative
393.8 229.9 107.0 730.6 
Other (income) expense(3)
(2.5)(5.2)12.7 5.0 
Segment profit (loss)(4)
$759.7 $396.9 $(120.3)$1,036.3 
For the Year Ended December 31, 2023
Net Sales(2)
$3,222.9 $1,511.4 $247.6 $4,981.9 
Cost of Goods Sold2,277.3 977.9 178.9 3,434.1 
Selling, general and administrative
350.2 197.5 157.8 705.5 
Other (income) expense(3)
(14.8)(4.8)4.8 (14.8)
Segment profit (loss)(4)
$610.2 $340.8 $(93.9)$857.1 
For the Year Ended December 31, 2022
Net Sales(2)
$3,198.3 $1,286.4 $233.7 $4,718.4 
Cost of Goods Sold2,302.2 948.5 183.0 3,433.7 
Selling, general and administrative
303.3 179.7 144.2 627.2 
Other (income) expense(3)
(4.1)(4.7)0.5 (8.3)
Segment profit (loss)(4)
$596.9 $162.9 $(94.0)$665.8 

(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) 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.

(3) Other (income) expense is primarily comprised of (income) loss from equity method investments and other (gains) loss, net.

(4) We define segment profit (loss) as a segment's operating income (loss) 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
•Restructuring charges;
•Impairment on assets held for sale; and
•Loss (gain) on sale from previous dispositions.
Net sales and segment profit (loss) with reconciliation of segment profit (loss)
The reconciliations of segment profit to Operating income and Net income before income taxes are presented below (in millions):
 For the Years Ended December 31,
 202420232022
Total segment profit$1,036.3 $857.1 $665.8 
Reconciliation to Operating income:
Loss (gain) on sale from previous dispositions1.5 (14.1)— 
Impairment of net assets held for sale
— 63.2 — 
Items in Losses and other expenses, net that are excluded from segment profit (loss) (1)
— 14.8 8.1 
Restructuring charges
— 3.1 1.5 
Operating income1,034.8 790.1 656.2 
Reconciliation to income before income taxes:
Pension settlements0.4 0.8 (0.2)
Interest expense, net38.7 51.7 38.7 
Other expense, net1.9 0.1 1.9 
Income before income taxes$993.8 $737.5 $615.8 
 
(1) We define segment profit (loss) as a segment's operating income (loss) 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
•Restructuring charges;
•Special product quality adjustments;
•Impairment on assets held for sale; and
•Loss (gain) on sale of businesses.
Total assets by business segment
Total assets by segment are shown below (in millions):
As of December 31,
202420232022
Total Assets:
Home Comfort Solutions$1,626.0 $1,449.4 $1,456.4 
Building Climate Solutions1,052.6 989.2 730.3 
Corporate and Other793.2 359.7 380.9 
Total assets$3,471.8 $2,798.3 $2,567.6 
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,
202420232022
Capital Expenditures:
Home Comfort Solutions$78.1 $59.1 $42.4 
Building Climate Solutions57.8 119.6 29.7 
Corporate and Other27.7 71.5 29.0 
Total capital expenditures $163.6 $250.2 $101.1 

Depreciation and amortization expenses by segment are shown below (in millions):
For the Years Ended December 31,
202420232022
Depreciation and Amortization:
Home Comfort Solutions$39.0 $35.3 $31.5 
Building Climate Solutions25.6 19.4 17.9 
Corporate and Other30.5 31.3 28.5 
Total depreciation and amortization$95.1 $86.0 $77.9 

The income from equity method investments is shown below (in millions):
For the Years Ended December 31,
202420232022
Income from Equity Method Investments:
Home Comfort Solutions$4.4 $5.5 $0.9 
Building Climate Solutions3.5 3.0 4.2 
Total income from equity method investments$7.9 $8.5 $5.1 
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,
202420232022
Property, Plant and Equipment, net:
United States$537.3 $487.1 $408.8 
Mexico254.0 228.7 110.9 
Canada2.9 2.2 2.1 
Other international5.9 2.4 27.1 
Total Property, plant and equipment, net$800.1 $720.4 $548.9