Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Information

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

	Years Ended December 31,
	2015			2014			2013
	(in millions)
Net Sales
Americas	$	978.5		$	926.8		$	878.5
EMEA		445.5			546.4			562.2
Asia-Pacific		43.7			40.5			32.8
Consolidated net sales	$	1,467.7		$	1,513.7		$	1,473.5
Operating income (loss)
Americas	$	109.9		$	110.3		$	84.0
EMEA		(98.6	)		37.5			46.9
Asia-Pacific		(0.5	)		(6.5	)		9.7
Subtotal reportable segments		10.8			141.3			140.6
Corporate(*)		(100.9	)		(35.9	)		(29.1	)
Consolidated operating (loss) income		(90.1	)		105.4			111.5
Interest income		1.0			0.7			0.6
Interest expense		(24.3	)		(19.9	)		(21.5	)
Other income (expense), net		2.4			(3.1	)		(2.8	)
(Loss) income before income taxes	$	(111.0	)	$	83.1		$	87.8
Identifiable assets (at end of period)
Americas	$	972.7		$	1,014.8		$	787.9
EMEA		607.7			787.5			869.6
Asia-Pacific		112.4			145.7			82.7
Consolidated identifiable assets	$	1,692.8		$	1,948.0		$	1,740.2
Property, plant and equipment, net (at end of period)
Americas	$	88.6		$	90.1		$	85.8
EMEA		82.3			100.1			119.8
Asia-Pacific		13.5			13.1			14.3
Consolidated long-lived assets	$	184.4		$	203.3		$	219.9
Capital Expenditures
Americas	$	19.0		$	10.9		$	18.0
EMEA		7.5			11.6			8.5
Asia-Pacific		1.2			1.2			1.2
Consolidated capital expenditures	$	27.7		$	23.7		$	27.7
Depreciation and Amortization
Americas	$	29.0		$	20.1		$	20.5
EMEA		21.1			25.8			26.0
Asia-Pacific		2.3			2.2			2.4
Consolidated depreciation and amortization	$	52.5		$	48.1		$	48.9

*           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. Included in Corporate's operating loss for 2015 is a $59.7 million charge related to the Company's settlement of its Pension Plan and SERP benefit obligations. Refer to Note 14 Defined Benefit Plans for further discussion.

Schedule of U.S. net sales of the Company's Americas segment

	Years Ended December 31,
	2015		2014		2013
	(in millions)
U.S. net sales	$	909.2	$	849.0	$	788.7
U.S. property, plant and equipment, net (at end of year)	$	85.2	$	86.0	$	81.1

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

	Years Ended December 31,
	2015		2014		2013
	(in millions)
Intersegment Sales
Americas	$	8.2	$	6.3	$	5.4
EMEA		9.8		13.3		10.2
Asia-Pacific		110.9		155.3		170.9
Intersegment sales	$	128.9	$	174.9	$	186.5

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

	Years Ended December 31,
	2015		2014		2013
	(in millions)
Net Sales
Residential & commercial flow control	$	831.1	$	930.3	$	907.7
HVAC & gas		425.1		356.2		348.8
Drains & water re-use		131.0		144.0		140.0
Water quality		80.5		83.2		77.0
Consolidated net sales	$	1,467.7	$	1,513.7	$	1,473.5