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Operating Segment and Geographic Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Operating Segment and Geographic Information Operating Segment and Geographic Information
Operating Segment Data
The following table presents information related to GCP’s operating segments.
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(in millions)
Net Sales
SCC$142.0 $138.3 $410.5 $379.6 
SBM107.6 110.1 315.3 280.9 
Total net sales$249.6 $248.4 $725.8 $660.5 
Segment Operating Income  
SCC$7.7 $18.8 $29.1 $37.7 
SBM20.9 25.6 60.2 51.3 
Total Segment Operating Income$28.6 $44.4 $89.3 $89.0 
Restructuring and Repositioning Expenses
SCC$0.9 $0.6 $7.3 $3.2 
SBM2.2 0.2 6.3 1.1 
Corporate3.6 7.0 9.0 10.7 
Total segment Restructuring and Repositioning Expenses $6.7 $7.8 $22.6 $15.0 
Reconciliation of Operating Segment Data to Financial Statements
Corporate expenses directly related to the operating segments are allocated to the segment’s operating income. GCP excludes from the segments’ operating income certain functional costs, certain impacts of foreign currency exchange, as well as certain corporate costs and other costs included in the table below. GCP also excludes from the segment’s operating income certain ongoing defined benefit pension costs recognized during each reporting period, which include service and interest costs, the effect of expected returns on plan assets and amortization of prior service costs/credits. GCP believes that the exclusion of certain corporate costs and pension costs provides a better indicator of its operating segment performance since such costs are not managed at an operating segment level.
Total segment operating income for the three and nine months ended September 30, 2021 and 2020 is reconciled below to Income from continuing operations before income taxes presented in the accompanying unaudited Condensed Consolidated Statements of Operations.
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(in millions)
Total segment operating income$28.6 $44.4 $89.3 $89.0 
Restructuring and repositioning expenses(6.7)(7.8)(22.6)(15.0)
Interest expense, net(5.5)(5.3)(16.3)(15.1)
Third-party and other acquisition-related costs(2.9)— (3.4)(0.7)
Corporate costs(2.6)(7.1)(16.6)(19.7)
Certain pension costs(1.5)(1.3)(4.4)(3.9)
Shareholder activism and other related costs— (2.1)— (9.5)
Gain on sale of corporate headquarters— 110.2 — 110.2 
Net income attributable to noncontrolling interests— 0.2 0.2 0.4 
Gain on Brazil tax recoveries— — 3.3 — 
Income from continuing operations before income taxes$9.4 $131.2 $29.5 $135.7 
Certain amounts related to COVID-19 costs have been reclassified between segments’ operating income and corporate expenses that do not get allocated directly to the segments. Such reclassifications have not materially affected previously reported amounts.
Shareholder activism and other related costs consist primarily of professional fees incurred in connection with the actions by certain GCP shareholders seeking changes in the composition of the Company’s Board of Directors and nomination of candidates to stand for election at the 2020 Annual Shareholders’ Meeting, as well as other related matters.
Disaggregation of Total Net Sales
The Company disaggregates its revenue from contracts with customers by operating segments, which it believes best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
Geographic Area Data
The table below presents information related to the geographic areas in which GCP operates.
Three Months EndedNine Months Ended
September 30,September 30,
2021202020212020
(in millions)
Net Sales
United States$127.8 $132.5 $363.8 $351.8 
Canada and Other8.8 8.7 23.0 20.9 
Total North America136.6 141.2 386.8 372.7 
Europe Middle East Africa50.2 47.4 148.9 126.3 
Asia Pacific45.0 47.4 144.3 127.4 
Latin America17.8 12.4 45.8 34.1 
Total$249.6 $248.4 $725.8 $660.5 
Sales are attributed to geographic areas based on customer location. With the exception of the U.S. presented in the table above, there were no individually significant countries with sales exceeding 10% of total sales during the three and nine months ended September 30, 2021 and 2020. There were no customers that individually accounted for 10% or more of the Company’s condensed consolidated net sales during the three and nine months ended September 30, 2021 and 2020. There were no customers that individually accounted for 10% or more of the Company’s accounts receivable balance at September 30, 2021 and December 31, 2020.