Revenue Recognition (Tables)

9 Months Ended

Sep. 26, 2021

Revenue Recognition

Schedule of disaggregation of revenue

	For the third quarter ended September 26, 2021								For the nine months ended September 26, 2021
			(in millions)								(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Wholesale	$	177.7	$	77.5	$	20.4	$	275.6	$	512.4	$	247.0	$	58.4	$	817.8
OEM		24.4		45.9		1.3		71.6		69.0		134.3		3.9		207.2
Specialty		89.3		—		0.1		89.4		249.5		—		0.2		249.7
DIY		17.7		0.7		—		18.4		58.1		2.5		—		60.6
Total	$	309.1	$	124.1	$	21.8	$	455.0	$	889.0	$	383.8	$	62.5	$	1,335.3
	For the third quarter ended September 26, 2021								For the nine months ended September 26, 2021
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	173.5	$	44.5	$	17.5	$	235.5	$	513.0	$	143.4	$	50.8	$	707.2
HVAC and Gas Products		82.9		57.5		3.2		143.6		226.4		172.9		9.1		408.4
Drainage and Water Re-use Products		25.2		21.1		0.8		47.1		69.0		63.8		1.7		134.5
Water Quality Products		27.5		1.0		0.3		28.8		80.6		3.7		0.9		85.2
Total	$	309.1	$	124.1	$	21.8	$	455.0	$	889.0	$	383.8	$	62.5	$	1,335.3

	For the third quarter ended September 27, 2020								For the nine months ended September 27, 2020
			(in millions)								(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Wholesale	$	151.4	$	69.3	$	14.7	$	235.4	$	430.8	$	199.5	$	35.2	$	665.5
OEM		19.5		36.6		0.8		56.9		54.7		103.7		1.6		160.0
Specialty		74.2		—		0.2		74.4		213.9		—		2.1		216.0
DIY		16.4		0.8		—		17.2		61.9		1.8		—		63.7
Total	$	261.5	$	106.7	$	15.7	$	383.9	$	761.3	$	305.0	$	38.9	$	1,105.2
	For the third quarter ended September 27, 2020								For the nine months ended September 27, 2020
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	151.1	$	42.2	$	12.0	$	205.3	$	430.5	$	113.9	$	29.1	$	573.5
HVAC and Gas Products		63.9		46.3		2.9		113.1		194.5		129.1		8.5		332.1
Drainage and Water Re-use Products		20.0		17.3		0.5		37.8		57.9		59.3		0.6		117.8
Water Quality Products		26.5		0.9		0.3		27.7		78.4		2.7		0.7		81.8
Total	$	261.5	$	106.7	$	15.7	$	383.9	$	761.3	$	305.0	$	38.9	$	1,105.2

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
Change in period		—		—		0.1
Balance - June 27, 2021	$	—	$	14.5	$	2.4
Change in period		—		0.3		0.1
Balance - September 26, 2021	$	—	$	14.8	$	2.5
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
Change in period		—		—		(0.1)
Balance - June 28, 2020	$	0.3	$	11.7	$	2.7
Change in period		(0.3)		1.1		—
Balance - September 27, 2020	$	—	$	12.8	$	2.7