Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

	Years Ended December 31,
	2014			2013			2012
	(in millions)
Net Sales
Americas	$	926.8		$	878.5		$	835.0
EMEA		546.4			562.2			565.6
Asia-Pacific		40.5			32.8			26.8
Consolidated net sales	$	1,513.7		$	1,473.5		$	1,427.4
Operating income (loss)
Americas	$	110.3		$	84.0		$	90.7
EMEA		37.5			46.9			52.5
Asia-Pacific		(6.5	)		9.7			6.5
Subtotal reportable segments		141.3			140.6			149.7
Corporate(*)		(35.9	)		(29.1	)		(26.4	)
Consolidated operating income		105.4			111.5			123.3
Interest income		0.7			0.6			0.7
Interest expense		(19.9	)		(21.5	)		(24.6	)
Other income (expense), net		(3.1	)		(2.8	)		0.8
Income from continuing operations before income taxes	$	83.1		$	87.8		$	100.2
Identifiable assets (at end of period)
Americas	$	1,014.8		$	787.9		$	810.9
EMEA		787.5			869.6			802.1
Asia-Pacific		145.7			82.7			84.3
Discontinued operations		—			—			11.7
Consolidated identifiable assets	$	1,948.0		$	1,740.2		$	1,709.0
Property, plant and equipment, net (at end of period)
Americas	$	90.1		$	85.8		$	80.6
EMEA		100.1			119.8			126.3
Asia-Pacific		13.1			14.3			14.8
Consolidated long-lived assets	$	203.3		$	219.9		$	221.7
Capital Expenditures
Americas	$	10.9		$	18.0		$	17.9
EMEA		11.6			8.5			10.7
Asia-Pacific		1.2			1.2			1.9
Consolidated capital expenditures	$	23.7		$	27.7		$	30.5
Depreciation and Amortization
Americas	$	20.1		$	20.5		$	19.6
EMEA		25.8			26.0			26.8
Asia-Pacific		2.2			2.4			2.1
Consolidated depreciation and amortization	$	48.1		$	48.9		$	48.5

* Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.

Schedule of U.S. net sales and U.S. property, plant and equipment of the Company's Americas segment

	Years Ended December 31,
	2014		2013		2012
	(in millions)
U.S. net sales	$	849.0	$	788.7	$	747.4
U.S. property, plant and equipment, net (at end of year)	$	86.0	$	81.1	$	75.1

Schedule of intersegment sales for Americas, EMEA and Asia-Pacific

	Years Ended December 31,
	2014		2013		2012
	(in millions)
Intersegment Sales
Americas	$	6.3	$	5.4	$	5.3
EMEA		13.3		10.2		10.9
Asia-Pacific		155.3		170.9		139.0
Intersegment sales	$	174.9	$	186.5	$	155.2

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

	Years Ended December 31,
	2014		2013		2012
	(in millions)
Net Sales
Residential & commercial flow control	$	930.3	$	907.7	$	879.2
HVAC & gas		356.2		348.8		337.0
Drains & water re-use		144.0		140.0		138.8
Water quality		83.2		77.0		72.4
Consolidated net sales	$	1,513.7	$	1,473.5	$	1,427.4