Segment Reporting

3 Months Ended

Mar. 30, 2024

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Our broad portfolio of products includes bottled water, water dispensers, purified bottled water, self-service refill drinking water, filtration units, premium spring, sparkling and flavored essence water, mineral water, and coffee.

During the fourth quarter of 2023, we reviewed and realigned our reporting segments to exclude the businesses within discontinued operations. Our sole reporting segment is North America, which includes DSS, Aquaterra, and Mountain Valley Spring businesses. The Other category includes our corporate oversight function, other miscellaneous expenses.

Segment reporting results have been recast to reflect these changes for all periods presented.

	Three Months Ended March 30, 2024
(in millions of U.S. dollars)	North America		Other		Total
Revenue, net	$	451.6	$	0.4	$	452.0
Depreciation and amortization	47.8		0.4		48.2
Operating income (loss)	51.4		(15.8)		35.6
Additions to property, plant and equipment	36.9		0.7		37.6

	Three Months Ended April 1, 2023
(in millions of U.S. dollars)	North America		Other		Total
Revenue, net	$	412.3	$	0.2	$	412.5
Depreciation and amortization	46.8		0.3		47.1
Operating income (loss)	34.7		(13.3)		21.4
Additions to property, plant and equipment	42.1		0.1		42.2

Revenues by channel by reporting segment were as follows:

	Three Months Ended March 30, 2024
(in millions of U.S. dollars)	North America		Other		Total
Revenue, net
Water Direct/Water Exchange	$	339.4	$	—	$	339.4
Water Refill/Water Filtration	58.0		—		58.0
Other Water	17.7		—		17.7
Water Dispensers	16.8		—		16.8
Other	19.7		0.4		20.1
Total	$	451.6	$	0.4	$	452.0

	Three Months Ended April 1, 2023
(in millions of U.S. dollars)	North America		Other		Total
Revenue, net
Water Direct/Water Exchange	$	312.4	$	—	$	312.4
Water Refill/Water Filtration	52.2		—		52.2
Other Water	11.3		—		11.3
Water Dispensers	12.7		—		12.7
Other	23.7		0.2		23.9
Total	$	412.3	$	0.2	$	412.5