Reportable Business Segments (Tables)

9 Months Ended

Sep. 30, 2011

Reportable Business Segments [Abstract]

Net sales, segment profit (loss) by business segment and reconciliation of segment profit (loss) to Income from Continuing Operations before Income Taxes


	For the Three Months						For the Nine Months Ended
	Ended September 30,						September 30,
	2011			2010			2011			2010
Net Sales
Residential Heating & Cooling	$	373.6		$	370.9		$	1,040.7		$	1,068.5
Commercial Heating & Cooling		199.3			176.3			536.4			471.7
Service Experts		144.7			150.9			406.6			445.6
Refrigeration		223.7			140.6			616.3			411.8
Eliminations (1)		(18.3	)		(20.5	)		(52.3	)		(63.2	)

	$	923.0		$	818.2		$	2,547.7		$	2,334.4


Segment Profit (Loss)(2)
Residential Heating & Cooling	$	28.8		$	39.0		$	60.8		$	98.6
Commercial Heating & Cooling		28.7			24.9			61.7			56.2
Service Experts		5.4			6.0			0.4			14.2
Refrigeration		20.5			17.3			55.5			47.5
Corporate and other		(15.4	)		(15.5	)		(41.4	)		(48.2	)
Eliminations (1)		0.3			0.1			—			(0.2	)

Subtotal that includes segment profit and eliminations		68.3			71.8			137.0			168.1
Reconciliation to income from continuing operations before income taxes:
Special product quality adjustment		—			—			(2.4	)		—
Items in losses and other expenses, net that are excluded from segment profit (3)		3.0			0.5			5.0			6.7
Restructuring charges		10.8			4.7			14.4			15.0
Interest expense, net		4.1			3.5			12.5			9.1
Other expense, net		—			—			0.1			0.1

Income from continuing operations before income taxes	$	50.4		$	63.1		$	107.4		$	137.2

(1)		Eliminations consist of intercompany sales between business segments, such as products sold to Service Experts by the Residential Heating & Cooling segment.

(2)		We define segment profit and loss as a segment’s income or loss from continuing operations before income taxes included in the accompanying Consolidated Statements of Operations, excluding:

	•		Special product quality adjustments.

	•		Items within Losses and Other Expenses, net that are noted in (3).

	•		Restructuring charges.

	•		Goodwill and equity method investment impairments.

	•		Interest expense, net.

	•		Acquisition costs.

	•		Other expense, net.

(3)

Items in Losses and Other Expenses, net that are excluded from segment profit are net change in unrealized gains and/or losses on open futures contracts, discount fee on accounts sold, realized gains and/or losses on marketable securities, special legal contingency charge, and other items.

Total assets by business segment


	As of			As of
	September 30,			December 31,
	2011			2010
Total Assets
Residential Heating & Cooling	$	568.8		$	519.8
Commercial Heating & Cooling		295.9			252.7
Service Experts		185.6			186.2
Refrigeration		565.5			389.7
Corporate and other		227.2			354.9
Eliminations⁽¹⁾		(8.7	)		(11.3	)

Total assets	$	1,834.3		$	1,692.0


(1)		Eliminations consist of net intercompany receivables and intercompany profit included in inventory from products sold between business segments, such as products sold to Service Experts by the Residential Heating & Cooling segment.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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