XML 97 R80.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Information (Details)
$ in Millions
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
segment
Dec. 31, 2021
USD ($)
item
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Segment information          
Number of geographic segments   3 3    
Net sales $ 1,809.2     $ 1,508.6 $ 1,600.5
Operating income 239.6     181.1 197.1
Interest income       (0.2) (0.4)
Interest expense 6.3     13.3 14.1
Other (income) expense, net (0.8)     1.0 (0.5)
INCOME BEFORE INCOME TAXES 234.1     167.0 183.9
Capital expenditures 26.7     43.8 29.2
Depreciation and amortization 45.1     46.5 46.6
Identifiable assets (at end of period) 1,855.6 $ 1,855.6 $ 1,855.6 1,738.2 1,723.1
Property, plant and equipment, net (at end of period) 200.7 200.7 200.7 212.3 200.0
Residential & commercial flow control          
Segment information          
Net sales 953.0     786.5  
HVAC & gas          
Segment information          
Net sales 558.5     459.6  
Drains & water re-use          
Segment information          
Net sales 183.4     156.3  
Water quality          
Segment information          
Net sales 114.3     106.2  
U.S.          
Segment information          
Net sales 1,123.9     956.5 1,014.0
Property, plant and equipment, net (at end of period) 116.2 116.2 116.2 118.9 112.6
Reportable segments          
Segment information          
Operating income 289.0     220.0 244.2
Corporate          
Segment information          
Operating income (49.4)     (38.9) (47.1)
Intersegment sales          
Segment information          
Net sales 158.9     99.0 95.0
Americas          
Segment information          
Net sales 1,207.2     1,025.7 1,084.1
Capital expenditures 17.6     31.2 18.3
Depreciation and amortization 29.8     29.7 29.3
Identifiable assets (at end of period) 1,133.5 1,133.5 1,133.5 1,075.1 1,102.9
Property, plant and equipment, net (at end of period) 121.3 121.3 121.3 122.9 116.7
Americas | Residential & commercial flow control          
Segment information          
Net sales 697.4     584.6  
Americas | HVAC & gas          
Segment information          
Net sales 308.6     263.9  
Americas | Drains & water re-use          
Segment information          
Net sales 92.8     75.8  
Americas | Water quality          
Segment information          
Net sales 108.4     101.4  
Americas | Reportable segments          
Segment information          
Operating income 211.0     166.3 187.4
Americas | Intersegment sales          
Segment information          
Net sales 9.3     8.7 12.1
Europe          
Segment information          
Net sales 517.4     424.9 451.0
Capital expenditures 8.5     11.4 10.3
Depreciation and amortization 12.6     14.3 14.6
Identifiable assets (at end of period) 584.8 584.8 584.8 537.2 515.2
Property, plant and equipment, net (at end of period) 74.5 74.5 74.5 83.8 77.5
Europe | Residential & commercial flow control          
Segment information          
Net sales 188.0     157.8  
Europe | HVAC & gas          
Segment information          
Net sales 237.0     184.0  
Europe | Drains & water re-use          
Segment information          
Net sales 87.8     79.4  
Europe | Water quality          
Segment information          
Net sales 4.6     3.7  
Europe | Reportable segments          
Segment information          
Operating income 63.6     50.2 49.9
Europe | Intersegment sales          
Segment information          
Net sales 29.1     18.9 15.2
APMEA          
Segment information          
Net sales 84.6     58.0 65.4
Capital expenditures 0.6     1.2 0.6
Depreciation and amortization 2.7     2.5 2.7
Identifiable assets (at end of period) 137.3 137.3 137.3 125.9 105.0
Property, plant and equipment, net (at end of period) 4.9 $ 4.9 $ 4.9 5.6 5.8
APMEA | Residential & commercial flow control          
Segment information          
Net sales 67.6     44.1  
APMEA | HVAC & gas          
Segment information          
Net sales 12.9     11.7  
APMEA | Drains & water re-use          
Segment information          
Net sales 2.8     1.1  
APMEA | Water quality          
Segment information          
Net sales 1.3     1.1  
APMEA | Reportable segments          
Segment information          
Operating income 14.4     3.5 6.9
APMEA | Intersegment sales          
Segment information          
Net sales $ 120.5     $ 71.4 $ 67.7