Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Financial Information by Reportable Business Segment

Financial information by reportable segment is included in the following summary:


	2021		2020		2019		2021		2020		2019
In millions	Net sales						Segment income (loss)
Consumer Solutions	$	2,341.9	$	1,742.9	$	1,611.7	$	554.4	$	419.1	$	379.6
Industrial & Flow Technologies	1,421.4		1,273.6		1,344.1		213.3		164.6		199.0
Other	1.5		1.3		1.4		(81.8)		(66.1)		(62.3)
Consolidated (1)	$	3,764.8	$	3,017.8	$	2,957.2	$	685.9	$	517.6	$	516.3

(1) One customer in the Consumer Solutions’ pool business represented approximately 20%, 15%, and 15% of our consolidated net sales in 2021, 2020 and 2019, respectively.


	2021		2020		2019		2021		2020		2019		2021		2020		2019
In millions	Identifiable assets (1)						Capital expenditures						Depreciation
Consumer Solutions	$	2,823.0	$	2,327.9	$	2,329.9	$	32.5	$	27.4	$	31.2	$	23.7	$	21.4	$	21.8
Industrial & Flow Technologies	1,716.4		1,661.7		1,562.8		23.0		26.6		20.3		21.4		19.8		21.0
Other	214.2		207.6		246.8		4.7		8.2		7.0		6.1		5.5		5.5
Consolidated	$	4,753.6	$	4,197.2	$	4,139.5	$	60.2	$	62.2	$	58.5	$	51.2	$	46.7	$	48.3

(1) All cash and cash equivalents are included in “Other.”

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of consolidated segment income to consolidated income from continuing operations before income taxes:


In millions	2021		2020		2019
Segment income	$	685.9	$	517.6	$	516.3
Restructuring and other costs	(7.5)		(15.4)		(21.0)
Transformation costs	(11.7)		—		—
Inventory step-up	(2.3)		—		(2.2)
Intangible amortization	(26.3)		(28.4)		(31.7)
Pension and other post-retirement mark-to-market gain (loss)	2.4		(6.7)		3.4
Asset impairment	—		—		(21.2)

Gain (loss) on sale of businesses	1.4		(0.1)		2.2

Interest expense, net	(12.5)		(23.9)		(30.1)

Deal related costs and expenses	(7.9)		(0.6)		(4.2)
COVID-19 related costs and expenses	(0.6)		(10.4)		—
Legal settlement and accrual adjustments	7.6		—		—
Other expense	(1.7)		—		(4.0)
Income from continuing operations before income taxes	$	626.8	$	432.1	$	407.5