XML 39 R29.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Segment Data (Tables)
6 Months Ended
May 03, 2024
Segment Reporting [Abstract]  
Summarized Financial Information Concerning Reportable Segments
The following tables present summarized financial information concerning the company’s reportable business segments and Other activities (dollars in millions):
Three Months Ended May 3, 2024ProfessionalResidentialOtherTotal
Net sales$1,005.6 $335.6 $7.8 $1,349.0 
Intersegment gross sales (eliminations)11.1 — (11.1)— 
Earnings (loss) before income taxes$190.7 $36.1 $(47.6)$179.2 
Six Months Ended May 3, 2024ProfessionalResidentialOtherTotal
Net sales$1,762.1 $575.7 $13.1 $2,350.9 
Intersegment gross sales (eliminations)21.8 0.1 (21.9)— 
Earnings (loss) before income taxes303.5 59.6 (103.8)259.3 
Total assets$2,768.4 $669.3 $414.5 $3,852.2 
Three Months Ended May 5, 2023ProfessionalResidentialOtherTotal
Net sales$1,068.7 $265.8 $4.8 $1,339.3 
Intersegment gross sales (eliminations)13.0 — (13.0)— 
Earnings (loss) before income taxes$227.5 $22.7 $(39.4)$210.8 
Six Months Ended May 5, 2023ProfessionalResidentialOtherTotal
Net sales$1,949.4 $530.5 $8.3 $2,488.2 
Intersegment gross sales (eliminations)23.8 0.1 (23.9)— 
Earnings (loss) before income taxes371.6 60.5 (90.0)342.1 
Total assets$2,820.3 $568.7 $352.4 $3,741.4 
Summary of Components of Loss Before Income Taxes Included in Other Segment
The following table presents the details of operating loss before income taxes for the company's Other activities:
 Three Months EndedSix Months Ended
(Dollars in millions)May 3, 2024May 5, 2023May 3, 2024May 5, 2023
Corporate expenses$(42.5)$(33.0)$(90.6)$(76.7)
Interest expense(16.7)(14.7)(32.9)(28.8)
Earnings from the company's wholly-owned domestic distribution company and other income, net11.6 8.3 19.7 15.5 
Total operating loss$(47.6)$(39.4)$(103.8)$(90.0)