SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

The following table presents information related to GCP’s operating segments:


	2021		2020		2019
	(in millions)
Net Sales:
SCC	$	558.5	$	518.9	$	579.1
SBM	411.6		384.3		434.4
Total net sales	$	970.1	$	903.2	$	1,013.5
Segment Operating Income:
SCC	$	39.3	$	52.9	$	56.9
SBM	74.3		71.1		86.3
Total	$	113.6	$	124.0	$	143.2
Depreciation and Amortization:
SCC	$	28.9	$	27.6	$	24.4
SBM	14.8		14.9		14.8
Corporate	2.2		3.9		4.0
Total	$	45.9	$	46.4	$	43.2
Restructuring and Repositioning Expense:
SCC	$	16.1	$	10.5	$	14.7
SBM	6.6		8.0		14.1
Corporate	10.6		11.8		1.5
Total	$	33.3	$	30.3	$	30.3
Capital Expenditures:
SCC	$	24.0	$	25.5	$	44.2
SBM	4.8		4.9		7.9
Corporate	3.6		5.7		4.6
Total	$	32.4	$	36.1	$	56.7

The following table presents information related to GCP’s assets:


	December 31,
	2021		2020
	(in millions)
Total Assets
SCC	$	502.8	$	444.4
SBM	363.0		408.3
Corporate	580.8		564.9

Total	$	1,446.6	$	1,417.6

Reconciliation of Operating Segment Data to Financial Statements

Total segment operating income is reconciled below to “Income from continuing operations before income taxes” presented in the Consolidated Statements of Operations:


	2021		2020		2019
	(in millions)
Total segment operating income	$	113.6	$	124.0	$	143.2
Restructuring and repositioning expenses	(33.3)		(30.3)		(30.3)
Corporate costs	(20.7)		(26.2)		(32.8)
Interest expense, net	(21.8)		(20.1)		(20.0)
Pension MTM adjustment, net	10.3		(2.8)		(13.3)
Third-party and other acquisition-related costs	(8.7)		(0.7)		(0.1)
Certain pension costs	(5.8)		(5.2)		(7.8)
Gain on Brazil tax recoveries, net	3.3		—		0.6
Acceleration of RSU vesting	(1.8)		—		—
Tax indemnification adjustments	(0.7)		(1.6)		(0.5)
Loss on sale of product line	(0.8)		—		—
Net income attributable to noncontrolling interests	0.3		0.5		0.4
Gain on sale of corporate headquarters	—		110.2		—
Shareholder activism and other related costs	—		(9.5)		(5.3)
Legacy product, environmental and other claims	—		(0.6)		(0.1)
Pension curtailment gain	—		—		1.2
Income from continuing operations before income taxes	$	33.9	$	137.7	$	35.2

Sales by Product Group

The following table sets forth sales by product group within the SCC operating segment and the SBM operating segment:


	2021		2020		2019
	(in millions)
SCC
Concrete	$	413.1	$	393.1	$	434.8
Cement	145.4		125.8		144.3
Total SCC Sales	$	558.5	$	518.9	$	579.1
SBM
Building Envelope	$	178.2	$	206.3	$	246.3
Specialty Construction Products	150.0		104.2		106.9
Residential Building Products	83.4		73.8		81.2
Total SBM Sales	$	411.6	$	384.3	$	434.4
Total Sales	$	970.1	$	903.2	$	1,013.5

Net Sales by Geographic Area

The following table sets forth net sales information related to the geographic areas in which GCP operates:


	2021		2020		2019
	(in millions)
Net Sales
United States	$	487.5	$	474.0	$	505.0
Canada and Other	32.1		28.5		32.4
Total North America	519.6		502.5		537.4
Europe Middle East Africa (“EMEA”)	195.8		172.6		193.5
Asia Pacific	191.9		180.8		222.5
Latin America	62.8		47.3		60.1
Total	$	970.1	$	903.2	$	1,013.5

Long-lived Assets by Geographic Area

The following table sets forth long-lived asset information related to the geographic areas in which GCP operates:


	December 31,
	2021		2020
	(in millions)
Properties and Equipment, net:
United States	$	138.5	$	145.4
Canada and other	3.4		3.0
Total North America	141.9		148.4
EMEA	22.8		25.5
Asia Pacific	41.8		45.4
Latin America	6.7		6.3
Total	$	213.2	$	225.6








Long-term assets
United States	$	93.9	$	100.1
Canada and other	10.6		10.8
Total North America	104.5		110.9
EMEA	212.4		220.5
Asia Pacific	28.0		33.7
Latin America	26.9		35.2
Total	$	371.8	$	400.3