Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

We evaluate performance based on net sales and segment income (loss) and use a variety of ratios to measure performance of our reporting segments. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. Segment income (loss) represents operating income exclusive of intangible amortization, acquisition related expenses, costs of restructuring activities, impairments and other unusual non-operating items.

Financial information by reportable segment is as follows:

	Three months ended				Six months ended
In millions	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Net sales
Enclosures	$	219.3	$	260.0	$	477.8	$	515.5
Thermal Management	95.8		128.8		216.3		273.9
Electrical & Fastening Solutions	132.1		150.7		274.0		288.1
Total	$	447.2	$	539.5	$	968.1	$	1,077.5
Segment income (loss)
Enclosures	$	28.2	$	48.2	$	69.1	$	93.8
Thermal Management	14.4		25.3		34.7		59.6
Electrical & Fastening Solutions	34.7		41.6		68.2		72.8
Other	(9.0)		(10.3)		(22.2)		(25.2)
Total	$	68.3	$	104.8	$	149.8	$	201.0

The following table presents a reconciliation of segment income to income before income taxes:

	Three months ended				Six months ended
In millions	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Segment income	$	68.3	$	104.8	$	149.8	$	201.0
Intangible amortization	(16.0)		(15.1)		(32.0)		(30.2)
Restructuring and other	(6.2)		(2.7)		(10.5)		(6.3)
Acquisition transaction and integration costs	(0.8)		—		(1.7)		—
Net interest expense	(9.4)		(11.9)		(19.3)		(22.4)
Other expense	(0.7)		(1.0)		(1.5)		(1.9)
Income before income taxes	$	35.2	$	74.1	$	84.8	$	140.2