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Operating Segments
9 Months Ended
Sep. 30, 2011
Operating Segments 
Operating Segments

10.   Operating Segments

 

The company’s twelve operating segments have been aggregated into three reportable segments. Financial information for each of the company’s reportable segments is as follows:

 

 

 

Third Quarter Ended

 

Nine Months Ended

 

 

 

September 30

 

September 30

 

(millions)

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

Cleaning & Sanitizing

 

$

763.1

 

$

718.9

 

$

2,197.0

 

$

2,040.5

 

Other Services

 

119.6

 

117.6

 

343.3

 

337.2

 

Total

 

882.7

 

836.5

 

2,540.3

 

2,377.7

 

International

 

797.0

 

753.4

 

2,294.3

 

2,163.0

 

Subtotal at fixed currency

 

1,679.7

 

1,589.9

 

4,834.6

 

4,540.7

 

Effect of foreign currency translation

 

56.4

 

(28.0

)

118.6

 

(26.5

)

Consolidated

 

$

1,736.1

 

$

1,561.9

 

$

4,953.2

 

$

4,514.2

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

Cleaning & Sanitizing

 

$

157.7

 

$

148.6

 

$

412.6

 

$

400.6

 

Other Services

 

20.9

 

19.7

 

51.5

 

52.9

 

Total

 

178.6

 

168.3

 

464.1

 

453.5

 

International

 

88.1

 

80.5

 

204.2

 

177.2

 

Corporate

 

(33.4

)

0.4

 

(89.7

)

(18.4

)

Subtotal at fixed currency

 

233.3

 

249.2

 

578.6

 

612.3

 

Effect of foreign currency translation

 

6.3

 

(4.1

)

11.0

 

(9.1

)

Consolidated

 

$

239.6

 

$

245.1

 

$

589.6

 

$

603.2

 

 

The International amounts included above are based on translation into U.S. dollars at the fixed currency exchange rates used by management for 2011.

 

Consistent with the company’s internal management reporting, the Corporate segment includes special gains and charges reported on the Consolidated Statement of Income. The Corporate segment also includes investments in the development of business systems and other corporate investments the company is making as part of ongoing efforts to improve efficiency and returns.

 

Total service revenue for the U.S. Other Services and International segments, at public exchange rates are as follows:

 

 

 

Third Quarter Ended

 

Nine Months Ended

 

 

 

September 30

 

September 30

 

(millions)

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

U.S. Other Services

 

$

101.2

 

$

100.1

 

$

288.6

 

$

285.7

 

International

 

51.5

 

45.5

 

151.7

 

134.8