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Segment Information
 9 Months Ended
Sep. 26, 2015
Segment Information
Segment information
During the first quarter of 2015, we reorganized our business segments to reflect a new operating structure and management of our Global Business Units, resulting in a change to our reporting segments in 2015.
We evaluate performance based on net sales and segment income (loss) and use a variety of ratios to measure performance of our reporting segments. During the third quarter of 2015, we updated our segment income (loss) measure to exclude intangible amortization in order to better reflect the performance of our reporting segments. Segment income (loss) represents operating income (loss) exclusive of intangible amortization, certain acquisition related expenses, costs of restructuring activities, "mark-to-market" gain/loss for pension and other post-retirement plans, impairments and other unusual non-operating items.
Financial information by reportable segment is as follows:
 
Three months ended
 
Nine months ended
In millions
September 26,
2015
September 27,
2014
 
September 26,
2015
September 27,
2014
Net sales
 
 
 
 
 
Valves & Controls
$
440.9

$
607.9

 
$
1,366.5

$
1,767.5

Flow & Filtration Solutions
362.7

394.1

 
1,087.4

1,219.7

Water Quality Systems
322.0

324.1

 
1,016.6

1,006.0

Technical Solutions
432.3

438.8

 
1,235.2

1,262.7

Other
(5.8
)
(6.5
)
 
(17.4
)
(19.4
)
Consolidated
$
1,552.1

$
1,758.4

 
$
4,688.3

$
5,236.5

Segment income (loss)
 
 
 
 
 
Valves & Controls
$
55.7

$
107.6

 
$
175.5

$
282.8

Flow & Filtration Solutions
52.8

53.5

 
145.0

157.6

Water Quality Systems
60.5

56.0

 
200.5

191.0

Technical Solutions
101.0

101.1

 
265.0

266.9

Other
(20.8
)
(22.4
)
 
(65.1
)
(65.1
)
Consolidated
$
249.2

$
295.8

 
$
720.9

$
833.2


The following table presents a reconciliation of consolidated segment income to consolidated operating income:
 
Three months ended
 
Nine months ended
In millions
September 26,
2015
September 27,
2014
 
September 26,
2015
September 27,
2014
Segment income
$
249.2

$
295.8

 
$
720.9

$
833.2

Restructuring and other
(25.3
)
—

 
(50.8
)
(61.1
)
Intangible amortization
(28.2
)
(28.4
)
 
(83.8
)
(85.9
)
Inventory step-up
(1.4
)
—

 
(2.9
)
—

Deal related costs and expenses
(14.3
)
—

 
(14.3
)
—

Redomicile related expenses
—

—

 
—

(10.3
)
Operating income
$
180.0

$
267.4

 
$
569.1

$
675.9