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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2013
Segment Information  
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

 

 
   Years Ended December 31,  
 
   2013   2012   2011  
 
   (in millions)
  

Net Sales

                    

Americas

   $ 878.5   $ 835.0   $ 810.9  

EMEA

     562.2     565.6     574.8  

Asia Pacific

     32.8     26.8     21.7  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net sales

   $ 1,473.5   $ 1,427.4   $ 1,407.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Operating income (loss)

                    

Americas

   $ 90.4   $ 96.5   $ 111.6  

EMEA

     46.9     52.5     45.5  

Asia Pacific

     9.7     6.5     12.2  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Subtotal reportable segments

     147.0     155.5     169.3  

Corporate(*)

     (35.5 )   (32.2 )   (35.8 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated operating income

     111.5     123.3     133.5  

Interest income

     0.6     0.7     1.0  

Interest expense

     (21.5 )   (24.6 )   (25.8 )

Other income (expense), net

     (2.8 )   0.8     (0.8 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income from continuing operations before income taxes

   $ 87.8   $ 100.2   $ 107.9  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Identifiable assets (at end of period)

                    

Americas

   $ 787.9   $ 810.9   $ 814.3  

EMEA

     869.6     802.1     759.8  

Asia Pacific

     82.7     84.3     92.5  

Discontinued operations

     —     11.7     27.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated identifiable assets

   $ 1,740.2   $ 1,709.0   $ 1,694.0  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Property, plant and equipment, net (at end of period)

                    

Americas

   $ 85.8   $ 80.6   $ 74.8  

EMEA

     119.8     126.3     130.6  

Asia Pacific

     14.3     14.8     15.0  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated long-lived assets

   $ 219.9   $ 221.7   $ 220.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Capital Expenditures

                    

Americas

   $ 18.0   $ 17.9   $ 8.3  

EMEA

     8.5     10.7     13.5  

Asia Pacific

     1.2     1.9     0.7  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated capital expenditures

   $ 27.7   $ 30.5   $ 22.5  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Depreciation and Amortization

                    

Americas

   $ 20.5   $ 19.6   $ 18.7  

EMEA

     26.0     26.8     27.2  

Asia Pacific

     2.4     2.1     2.0  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated depreciation and amortization

   $ 48.9   $ 48.5   $ 47.9  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
*
Corporate expenses are primarily for administrative compensation expense, internal controls costs, professional fees, including legal and audit expenses, shareholder services and benefit administration costs. These costs are not allocated to the geographic segments as they are viewed as corporate functions that support all activities.
Schedule of U.S. net sales and U.S. property, plant and equipment of the Company's Americas segment

 

 
   Years Ended December 31,  
 
   2013   2012   2011  
 
   (in millions)
  

U.S. net sales

   $ 788.7   $ 747.4   $ 732.9  

U.S. property, plant and equipment, net (at end of period)

   $ 81.1   $ 75.1   $ 69.9  
Schedule of intersegment sales for Americas, EMEA and Asia-Pacific

 

 
   Years Ended December 31,  
 
   2013   2012   2011  
 
   (in millions)
  

Intersegment Sales

                    

Americas

   $ 5.4   $ 5.3   $ 3.3  

EMEA

     10.2     10.9     8.4  

Asia Pacific

     170.9     139.0     132.9  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Intersegment sales

   $ 186.5   $ 155.2   $ 144.6  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

        
Schedule of net sales to third parties for the four product categories

 

 
   Years Ended December 31,  
 
   2013   2012   2011  
 
   (in millions)
  

Net Sales

                    

Residential & commercial flow control

   $ 907.7   $ 879.2   $ 854.9  

HVAC & gas

     348.8     337.0     347.0  

Drains & water re-use

     140.0     138.8     135.3  

Water quality

     77.0     72.4     70.2  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net sales

   $ 1,473.5   $ 1,427.4   $ 1,407.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​