Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Financial information by reportable segment is as follows:

	Three months ended				Six months ended
In millions	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Net sales
Industrial & Flow Technologies	$	411.6	$	377.4	$	803.4	$	735.5
Water Solutions	336.2		222.2		608.2		428.0
Pool	334.3		464.0		698.6		899.4
Other	0.4		0.6		0.9		0.9
Consolidated	$	1,082.5	$	1,064.2	$	2,111.1	$	2,063.8
Segment income (loss)
Industrial & Flow Technologies	$	74.8	$	59.1	$	139.8	$	111.3
Water Solutions	74.8		32.5		127.2		54.7
Pool	105.1		136.7		221.3		253.0
Other	(20.5)		(22.4)		(43.1)		(41.0)
Consolidated	$	234.2	$	205.9	$	445.2	$	378.0

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:

	Three months ended				Six months ended
In millions	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Segment income	$	234.2	$	205.9	$	445.2	$	378.0
Deal-related costs and expenses	—		(1.6)		—		(8.0)
Asset impairment and write-offs	(0.5)		—		(4.4)		—
Restructuring and other	(0.6)		(1.1)		(3.5)		(3.2)
Transformation costs	(6.0)		(5.2)		(14.5)		(10.7)
Intangible amortization	(13.9)		(6.3)		(27.7)		(12.9)
Russia business exit impact	—		—		—		(5.9)
Legal accrual adjustments and settlements	(4.1)		(0.5)		(2.2)		0.2
Interest expense, net	(31.8)		(9.2)		(64.2)		(14.9)
Other income (expense)	4.2		(0.5)		3.3		(1.1)
Income from continuing operations before income taxes	$	181.5	$	181.5	$	332.0	$	321.5