XML 122 R106.htm IDEA: XBRL DOCUMENT v3.8.0.1
Information on Business Segments - Net Sales and Operating Income by Segment (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
[1]
Sep. 30, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales $ 1,382.5 $ 1,348.6 $ 1,365.4 $ 1,186.8 $ 1,301.6 $ 1,279.0 $ 1,297.8 $ 1,106.5   $ 5,283.3 [2] $ 4,984.9 [2] $ 4,579.4 [2]
Operating income 163.0 201.8 212.4 114.9 166.4 183.1 187.7 95.5   692.1 632.7 496.1
Net sales 1,382.5 $ 1,348.6 $ 1,365.4 1,186.8 1,301.6 $ 1,279.0 $ 1,297.8 $ 1,106.5   5,283.3 [2] 4,984.9 [2] 4,579.4 [2]
Property, plant and equipment, net 740.0       662.5         740.0 662.5 627.9
Recognition of defined benefit plan actuarial gains (losses)                 $ (2.5) 0.5 (1.9) (8.6)
Long-lived asset impairment       $ (3.0)                
Assets 5,511.4       5,128.5         5,511.4 5,128.5 4,875.7
Depreciation expense                   98.6 94.6 93.5
Amortization of intangible assets                   31.7 28.1 21.6
Capital expenditures, gross [3]                   165.0 149.3 128.5
Less: proceeds from disposition of assets                   (0.4) (3.9) (2.5)
Capital expenditures, net                   164.6 145.4 126.0
Corporate [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Operating income [4]                   (85.6) (79.9) (81.6)
General and administrative expense                   (85.2) (80.9) (70.1)
Defined benefit plan income                   4.2 2.9 6.1
Recognition of defined benefit plan actuarial gains (losses)                   0.5 (1.9) (2.5)
Long-lived asset impairment                   (5.1)    
Norcraft transaction costs [5]                       (15.1)
Total Corporate expenses                   (85.6) (79.9) (81.6)
Assets 208.8       157.2         208.8 157.2 165.7
Depreciation expense                   3.0 3.7 3.4
Capital expenditures, gross                   18.0 0.5 9.4
United States                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales [2]                   4,492.2 4,258.5 3,892.9
Net sales [2]                   4,492.2 4,258.5 3,892.9
Property, plant and equipment, net 562.3       499.8         562.3 499.8 498.9
Canada                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales [2]                   427.6 406.4 385.1
Net sales [2]                   427.6 406.4 385.1
Property, plant and equipment, net 50.5       45.5         50.5 45.5 39.4
China                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales [2]                   202.3 175.0 163.2
Net sales [2]                   202.3 175.0 163.2
Property, plant and equipment, net 24.8       22.7         24.8 22.7 14.4
Other International                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales [2]                   161.2 145.0 138.2
Net sales [2]                   161.2 145.0 138.2
Property, plant and equipment, net 13.4       3.7         13.4 3.7 1.0
Mexico                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Property, plant and equipment, net 89.0       90.8         89.0 90.8 74.2
Cabinets [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Assets 2,416.3       2,349.4         2,416.3 2,349.4 2,364.0
Depreciation expense                   42.8 40.1 38.1
Amortization of intangible assets                   19.7 18.4 14.3
Capital expenditures, gross                   63.4 61.7 61.3
Cabinets [Member] | Operating Segments [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales                   2,467.1 2,397.8 2,173.4
Operating income                   267.2 257.8 192.4
Net sales                   2,467.1 2,397.8 2,173.4
Plumbing [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Assets 1,854.1       1,626.8         1,854.1 1,626.8 1,341.4
Depreciation expense                   26.9 24.6 21.3
Amortization of intangible assets                   7.7 3.6 1.2
Capital expenditures, gross                   43.5 48.3 27.2
Plumbing [Member] | Operating Segments [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales                   1,720.8 1,534.4 1,414.5
Operating income                   363.6 326.3 285.4
Net sales                   1,720.8 1,534.4 1,414.5
Doors [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Assets 494.8       480.6         494.8 480.6 483.9
Depreciation expense                   9.1 9.0 11.2
Amortization of intangible assets                   2.3 3.8 3.8
Capital expenditures, gross                   20.8 12.9 13.3
Doors [Member] | Operating Segments [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales                   502.9 473.0 439.1
Operating income                   74.5 61.9 44.0
Net sales                   502.9 473.0 439.1
Security [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Assets $ 537.4       $ 514.5         537.4 514.5 520.7
Depreciation expense                   16.8 17.2 19.5
Amortization of intangible assets                   2.0 2.3 2.3
Capital expenditures, gross                   19.3 25.9 17.3
Security [Member] | Operating Segments [Member]                        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                        
Net sales                   592.5 579.7 552.4
Operating income                   72.4 66.6 55.9
Net sales                   $ 592.5 $ 579.7 $ 552.4
[1] Amounts revised to reflect adoption of ASU 2016-09 "Improvements to Employee Share-Based Payment Accounting."
[2] Based on country of destination
[3] Capital expenditures of $17.2 million, $11.9 million and $20.0 million that have not been paid as of December 31, 2017, 2016 and 2015, respectively, were excluded from the Statement of Cash Flows.
[4] Below is a table detailing Corporate expenses: General and administrative expense $ (85.2 ) $ (80.9 ) $ (70.1 ) Defined benefit plan income 4.2 2.9 6.1 Recognition of defined benefit plan actuarial gains (losses) 0.5 (1.9 ) (2.5 ) Long-lived asset impairment (5.1 ) - - Norcraft transaction costs(b) - - (15.1 ) Total Corporate expenses $ (85.6 ) $ (79.9 ) $ (81.6 )
[5] Representing external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.