Reportable Business Segments (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting, Measurement Disclosures [Abstract]

While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions):



	Charges Incurred in 2018		Charges Incurred to Date		Total Charges Expected to be Incurred
Residential Heating & Cooling	$	0.1	$	1.5	$	2.8
Commercial Heating & Cooling	0.7		2.7		2.7
Refrigeration	0.1		13.2		13.2
Corporate & Other	—		2.3		2.3
Total restructuring charges	$	0.9	$	19.7	$	21.0

The following table describes each segment:



Segment	Product or Services	Markets Served	Geographic Areas
Residential Heating & Cooling	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts	Residential Replacement; Residential New Construction	United States Canada
Commercial Heating & Cooling	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment	Light Commercial	United States Canada Europe Central America South America
Refrigeration	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems	Light Commercial; Food Preservation; Non-Food/Industrial	United States Canada Europe Asia Pacific South America Central America

Net sales and segment profit (loss) and reconciliation of segment profit (loss) to income from continuing operations before income taxes

Net sales and segment profit (loss) for each segment, along with a reconciliation of segment profit (loss) to Operating income, are shown below (in millions):



	For the Three Months Ended March 31,
	2018			2017
Net sales
Residential Heating & Cooling	$	453.7		$	419.8
Commercial Heating & Cooling	205.5			195.5
Refrigeration	175.6			178.1
	$	834.8		$	793.4

Segment profit (loss) ⁽¹⁾
Residential Heating & Cooling	$	51.3		$	42.5
Commercial Heating & Cooling	19.5			19.1
Refrigeration	11.2			14.1
Corporate and other	(11.2		)	(11.0		)
Total segment profit	70.8			64.7
Reconciliation to Operating income:
One time inventory write down	0.1			—
Loss on assets held for sale	10.3			—
Items in Losses (Gains) and other expenses, net that are excluded from segment profit (loss) ⁽¹⁾	6.5			3.8
Restructuring charges	0.9			0.1
Operating income	$	53.0		$	60.8

⁽¹⁾ We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding:


•	The following items in Losses (gains) and other expenses, net:


◦	Net change in unrealized losses (gains) on unsettled futures contracts,


◦	Special legal contingency charges,


◦	Asbestos-related litigation,


◦	Contractor tax payments,


◦	Environmental liabilities,


◦	Acquisition costs,


◦	Other items, net,


•	One time inventory write down,


•	Loss on assets held for sale; and,


•	Restructuring charges