Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Net Sales and Operating Income by Segment

The Company’s subsidiaries operate principally in the United States, Canada, Mexico, China and Western Europe.

(In millions)	2021		2020		2019
Net sales:
Plumbing	$	2,761.2	$	2,202.1	$	2,027.2
Outdoors & Security		2,039.9		1,419.2		1,348.9
Cabinets		2,855.0		2,469.0		2,388.5
Net sales	$	7,656.1	$	6,090.3	$	5,764.6

(In millions)	2021			2020			2019
Operating income:
Plumbing	$	629.7		$	467.9		$	427.6
Outdoors & Security		291.9			201.3			172.3
Cabinets		279.3			235.7			178.3
Corporate		(110.5	)		(103.5	)		(79.7	)
Operating income	$	1,090.4		$	801.4		$	698.5

(In millions)	2021			2020			2019
Total assets:
Plumbing	$	2,614.7		$	2,262.9		$	2,110.8
Outdoors & Security		2,619.4			2,453.8			1,596.6
Cabinets		2,489.7			2,366.8			2,355.7
Corporate		212.4			275.2			228.2
Total assets	$	7,936.2		$	7,358.7		$	6,291.3
Depreciation expense:
Plumbing	$	37.1		$	37.6		$	32.0
Outdoors & Security		40.7			33.3			32.3
Cabinets		44.4			47.9			44.3
Corporate		2.8			2.7			2.7
Depreciation expense	$	125.0		$	121.5		$	111.3
Amortization of intangible assets:
Plumbing	$	14.9		$	10.8		$	10.3
Outdoors & Security		31.5			13.4			13.3
Cabinets		17.7			17.8			17.8
Amortization of intangible assets	$	64.1		$	42.0		$	41.4
Capital expenditures:
Plumbing	$	38.1		$	30.5		$	35.7
Outdoors & Security		124.2			76.4			63.6
Cabinets		51.6			27.3			30.9
Corporate		0.3			16.3			1.6
Capital expenditures, gross		214.2			150.5			131.8
Less: proceeds from disposition of assets		(1.9	)		(1.6	)		(4.2	)
Capital expenditures, net	$	212.3		$	148.9		$	127.6
Net sales by geographic region (a):
United States	$	6,402.8		$	5,094.3		$	4,823.7
China		510.4			416.7			355.4
Canada		542.6			414.2			401.0
Other international		200.3			165.1			184.5
Net sales	$	7,656.1		$	6,090.3		$	5,764.6
Property, plant and equipment, net:
United States	$	807.2		$	732.4		$	641.9
Mexico		122.1			104.7			103.2
Canada		40.4			41.2			43.9
China		23.7			25.0			22.5
Other international		16.1			14.1			12.7
Property, plant and equipment, net	$	1,009.5		$	917.4		$	824.2

(a)Based on country of destination