OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2018

OPERATING SEGMENTS

Schedule of financial information for each of the entity's reportable segments, including the impact of the preceding changes on previously reported full year 2017 net sales and oeprating income

	December 31, 2017
	2017 Reported		Revenue		Pension				Fixed	2017 Revised
	Valued at 2017		Standard		Standard		Segment		Currency	Valued at 2018
(millions)	Management Rates		Adoption		Adoption		Change		Rate Change	Management Rates
Net Sales
Global Industrial		$4,878.5		$(0.8)		$-		$(56.9)	$286.0	$5,106.8
Global Institutional		4,744.9		(1.4)		-		(23.7)	190.2	4,910.0
Global Energy		3,199.3		-		-		0.7	81.7	3,281.7
Other		823.5		-		-		79.9	28.1	931.5
Subtotal at fixed currency rates		13,646.2		(2.2)		-		-	586.0	14,230.0
Effect of foreign currency translation		192.1		(0.2)		-		-	(586.0)	(394.1)
Consolidated reported GAAP net sales		$13,838.3		$(2.4)		$-		$-	$-	$13,835.9
Operating Income
Global Industrial		$722.0		$(0.8)		$(12.8)		$2.6	$47.5	$758.5
Global Institutional		985.7		(1.4)		(13.1)		(14.9)	23.5	979.8
Global Energy		338.5		-		(16.7)		(0.7)	15.0	336.1
Other		149.3		-		(24.5)		13.0	4.7	142.5
Corporate		(208.6)		-		-		-	(5.3)	(213.9)
Subtotal at fixed currency rates		1,986.9		(2.2)		(67.1)		-	85.4	2,003.0
Effect of foreign currency translation		32.9		(0.2)		(0.2)		-	(85.4)	(52.9)
Consolidated reported GAAP operating income		$2,019.8		$(2.4)		$(67.3)		$-	$-	$1,950.1

Schedule of financial information for each of the entity's reportable segments

	First Quarter Ended
	March 31
(millions)	2018		2017
Net Sales
Global Industrial		$1,241.4		$1,178.3
Global Institutional		1,218.0		1,114.6
Global Energy		847.1		775.7
Other		197.4		221.8
Subtotal at fixed currency rates		3,503.9		3,290.4
Effect of foreign currency translation		(33.0)		(128.0)
Consolidated reported GAAP net sales		$3,470.9		$3,162.4
Operating Income
Global Industrial		$129.9		$135.6
Global Institutional		198.7		186.8
Global Energy		70.9		70.9
Other		27.1		27.1
Corporate		(69.1)		(50.7)
Subtotal at fixed currency rates		357.5		369.7
Effect of foreign currency translation		(3.2)		(12.5)
Consolidated reported GAAP operating income		$354.3		$357.2