Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Net sales of the Company’s reportable segments as well as Corporate and other were as follows:

	Three months ended				Nine months ended
In millions	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Flow	$	372.2	$	400.2	$	1,153.3	$	1,203.6
Water Solutions	289.5		299.4		873.1		907.6
Pool	331.4		308.8		1,082.4		1,007.4
Reportable segment net sales	993.1		1,008.4		3,108.8		3,118.6
Corporate and other	0.3		0.4		1.1		1.3
Net sales	$	993.4	$	1,008.8	$	3,109.9	$	3,119.9

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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

	Three months ended				Nine months ended
In millions	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Reportable segment income
Flow	$	82.8	$	77.5	$	244.5	$	217.3
Water Solutions	64.4		68.8		192.9		196.0
Pool	112.7		90.6		357.1		311.9
Reportable segment income	259.9		236.9		794.5		725.2
Corporate and other	(20.7)		(24.8)		(66.6)		(67.9)
Asset impairment and write-offs	(8.5)		(1.8)		(9.3)		(6.2)
Restructuring and other	(23.4)		(1.6)		(33.9)		(5.1)
Transformation costs	(12.6)		(13.5)		(41.4)		(28.0)
Intangible amortization	(13.5)		(13.8)		(40.4)		(41.5)
Legal accrual adjustments and settlements	(0.7)		—		7.5		(2.2)
Interest expense, net	(19.8)		(27.5)		(73.4)		(91.7)
Other (expense) income	(0.5)		(1.0)		(2.5)		2.3
Income from continuing operations before income taxes	$	160.2	$	152.9	$	534.5	$	484.9