XML 88 R41.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Information (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 25, 2023
USD ($)
Jun. 26, 2022
USD ($)
Jun. 25, 2023
USD ($)
segment
Jun. 26, 2022
USD ($)
Dec. 31, 2022
USD ($)
Segment information          
Number of geographic segments | segment     3    
Net sales $ 532.8 $ 526.6 $ 1,004.5 $ 989.8  
Operating income 100.4 95.9 185.1 167.4  
Interest income (1.3)   (1.7) (0.1)  
Interest expense 1.7 1.7 3.2 3.1  
Other (income) expense, net (0.6)   (0.5) 0.3  
INCOME BEFORE INCOME TAXES 100.6 94.2 184.1 164.1  
Capital expenditures 6.5 7.5 11.6 13.1  
Depreciation and amortization 10.3 10.0 20.3 20.3  
Identifiable assets (at end of period) 2,004.4 1,934.3 2,004.4 1,934.3 $ 1,930.9
Property, plant and equipment, net (at end of period) 196.3 194.0 196.3 194.0 $ 196.8
Residential & commercial flow control          
Segment information          
Net sales 299.2 276.7 555.1 516.7  
HVAC & gas          
Segment information          
Net sales 154.8 162.2 298.7 308.9  
Drains & water re-use          
Segment information          
Net sales 50.9 52.8 94.0 99.2  
Water quality          
Segment information          
Net sales 27.9 34.9 56.7 65.0  
U.S.          
Segment information          
Net sales 343.0 352.1 647.3 646.3  
Reportable segments          
Segment information          
Operating income 115.6 108.7 211.3 190.7  
Corporate          
Segment information          
Operating income (15.2) (12.8) (26.2) (23.3)  
Intersegment sales          
Segment information          
Net sales 38.8 38.3 68.5 71.9  
Americas          
Segment information          
Net sales 366.9 375.9 690.1 689.8  
Capital expenditures 4.9 4.3 8.1 7.8  
Depreciation and amortization 7.4 6.7 14.5 13.7  
Identifiable assets (at end of period) 1,259.1 1,223.6 1,259.1 1,223.6  
Property, plant and equipment, net (at end of period) 123.0 123.6 123.0 123.6  
Americas | Residential & commercial flow control          
Segment information          
Net sales 227.0 211.9 421.5 389.9  
Americas | HVAC & gas          
Segment information          
Net sales 85.3 100.7 163.5 185.0  
Americas | Drains & water re-use          
Segment information          
Net sales 28.1 29.8 50.9 52.6  
Americas | Water quality          
Segment information          
Net sales 26.5 33.5 54.2 62.3  
Americas | U.S.          
Segment information          
Property, plant and equipment, net (at end of period) 118.1 118.7 118.1 118.7  
Americas | Reportable segments          
Segment information          
Operating income 91.6 85.5 164.1 143.4  
Americas | Intersegment sales          
Segment information          
Net sales 2.0 2.4 4.0 5.4  
Europe          
Segment information          
Net sales 135.6 127.9 263.9 257.8  
Capital expenditures 1.3 2.8 3.1 4.9  
Depreciation and amortization 2.3 2.8 4.7 5.5  
Identifiable assets (at end of period) 588.1 569.1 588.1 569.1  
Property, plant and equipment, net (at end of period) 68.9 65.8 68.9 65.8  
Europe | Residential & commercial flow control          
Segment information          
Net sales 47.0 46.2 92.5 92.3  
Europe | HVAC & gas          
Segment information          
Net sales 65.2 57.9 127.5 117.9  
Europe | Drains & water re-use          
Segment information          
Net sales 22.3 22.7 41.9 45.5  
Europe | Water quality          
Segment information          
Net sales 1.1 1.1 2.0 2.1  
Europe | Reportable segments          
Segment information          
Operating income 21.5 19.6 40.7 40.7  
Europe | Intersegment sales          
Segment information          
Net sales 8.3 6.9 13.9 14.0  
APMEA          
Segment information          
Net sales 30.3 22.8 50.5 42.2  
Capital expenditures 0.3 0.4 0.4 0.4  
Depreciation and amortization 0.6 0.5 1.1 1.1  
Identifiable assets (at end of period) 157.2 141.6 157.2 141.6  
Property, plant and equipment, net (at end of period) 4.4 4.6 4.4 4.6  
APMEA | Residential & commercial flow control          
Segment information          
Net sales 25.2 18.6 41.1 34.5  
APMEA | HVAC & gas          
Segment information          
Net sales 4.3 3.6 7.7 6.0  
APMEA | Drains & water re-use          
Segment information          
Net sales 0.5 0.3 1.2 1.1  
APMEA | Water quality          
Segment information          
Net sales 0.3 0.3 0.5 0.6  
APMEA | Reportable segments          
Segment information          
Operating income 2.5 3.6 6.5 6.6  
APMEA | Intersegment sales          
Segment information          
Net sales $ 28.5 $ 29.0 $ 50.6 $ 52.5