Revenue Recognition (Tables)

3 Months Ended

Mar. 28, 2021

Revenue Recognition

Schedule of disaggregation of revenue

	For the first quarter ended March 28, 2021
			(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated
Wholesale	$	157.4	$	80.9	$	16.6	$	254.9
OEM		20.4		41.1		1.0		62.5
Specialty		74.2		—		—		74.2
DIY		20.8		0.9		—		21.7
Total	$	272.8	$	122.9	$	17.6	$	413.3
	For the first quarter ended March 28, 2021
			(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	162.3	$	47.2	$	14.7	$	224.2
HVAC and Gas Products		65.9		54.2		2.3		122.4
Drainage and Water Re-use Products		18.6		20.3		0.4		39.3
Water Quality Products		26.0		1.2		0.2		27.4
Total	$	272.8	$	122.9	$	17.6	$	413.3

	For the first quarter ended March 29, 2020
			(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated
Wholesale	$	147.4	$	75.1	$	9.3	$	231.8
OEM		19.5		34.5		0.2		54.2
Specialty		78.4		—		0.5		78.9
DIY		17.1		0.6		—		17.7
Total	$	262.4	$	110.2	$	10.0	$	382.6
	For the first quarter ended March 29, 2020
			(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	148.7	$	41.0	$	8.0	$	197.7
HVAC and Gas Products		67.6		44.4		1.6		113.6
Drainage and Water Re-use Products		18.5		23.9		0.3		42.7
Water Quality Products		27.6		0.9		0.1		28.6
Total	$	262.4	$	110.2	$	10.0	$	382.6

Schedule of contract assets and contract liabilities

	Contract		Contract		Contract
	Assets		Liabilities - Current		Liabilities - Noncurrent
			(in millions)
Balance - January 1, 2021	$	—	$	13.5	$	2.5
Change in period		—		1.0		(0.2)
Balance - March 28, 2021	$	—	$	14.5	$	2.3
Balance - January 1, 2020	$	0.4	$	11.5	$	2.9
Change in period		(0.1)		0.2		(0.1)
Balance - March 29, 2020	$	0.3	$	11.7	$	2.8