OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

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 2018 net sales and oeprating income

	December 31, 2018
	2018 Reported				Fixed	2018 Revised
	Valued at 2018				Currency	Valued at 2019
(millions)	Management Rates		Other		Rate Change	Management Rates
Net Sales
Global Industrial		$5,462.4		$-	$(242.2)	$5,220.2
Global Institutional		5,204.5		-	(138.5)	5,066.0
Global Energy		3,501.8		-	(113.0)	3,388.8
Other		877.6		-	(21.9)	855.7
Subtotal at fixed currency rates		15,046.3		-	(515.6)	14,530.7
Effect of foreign currency translation		(378.1)		-	515.6	137.5
Consolidated reported GAAP net sales		$14,668.2		$-	$-	$14,668.2
Operating Income
Global Industrial		$768.1		$(1.4)	$(42.3)	$724.4
Global Institutional		1,026.9		-	(19.6)	1,007.3
Global Energy		358.5		(0.4)	(19.6)	338.5
Other		161.3		1.8	(3.1)	160.0
Corporate		(307.1)		-	3.5	(303.6)
Subtotal at fixed currency rates		2,007.7		-	(81.1)	1,926.6
Effect of foreign currency translation		(60.7)		-	81.1	20.4
Consolidated reported GAAP operating income		$1,947.0		$-	$-	$1,947.0

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

	First Quarter Ended
	March 31
(millions)	2019		2018
Net Sales
Global Industrial		$1,289.2		$1,190.2
Global Institutional		1,215.3		1,187.0
Global Energy		811.7		826.5
Other		206.8		192.4
Subtotal at fixed currency rates		3,523.0		3,396.1
Effect of foreign currency translation		(17.6)		74.8
Consolidated reported GAAP net sales		$3,505.4		$3,470.9
Operating Income
Global Industrial		$147.5		$122.0
Global Institutional		195.9		195.7
Global Energy		78.4		68.6
Other		30.2		27.0
Corporate		(83.7)		(68.2)
Subtotal at fixed currency rates		368.3		345.1
Effect of foreign currency translation		(1.1)		9.2
Consolidated reported GAAP operating income		$367.2		$354.3