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Segment Financial Data
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Financial Data

Note 12. Segment Financial Data

We globally manage our business operations through two reportable operating segments, Products and Distribution:

Products - Our Products business is a leading global provider of residential security and intrusion products, consumer thermostats, consumer HVAC and consumer awareness systems, residential thermal solutions and residential water controls that allow owners of homes to stay connected and in control of their comfort, security and energy use.

Distribution - Our Distribution business is a leading global distributor of security and low voltage fire protection products.

Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The Company’s chief operating decision maker (CODM) evaluates segment performance based on segment profit. Segment profit is measured as segment income (loss) before taxes excluding, pension expense, repositioning and other charges, other expense, and interest and other charges, net.

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Products sales

 

$

603

 

 

$

603

 

 

$

1,803

 

 

$

1,719

 

Less: Intersegment sales

 

 

77

 

 

 

84

 

 

 

236

 

 

 

258

 

External Products sales

 

 

526

 

 

 

519

 

 

 

1,567

 

 

 

1,461

 

External Distribution sales

 

 

674

 

 

 

633

 

 

 

1,994

 

 

 

1,849

 

Total sales

 

$

1,200

 

 

$

1,152

 

 

$

3,561

 

 

$

3,310

 

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Segment profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

92

 

 

$

90

 

 

$

290

 

 

$

239

 

Distribution

 

 

39

 

 

 

38

 

 

 

113

 

 

 

102

 

Total

 

$

131

 

 

$

128

 

 

$

403

 

 

$

341

 

 

A reconciliation of segment profit to combined income (loss) from continuing operations before taxes are as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Segment profit

 

$

131

 

 

$

128

 

 

$

403

 

 

$

341

 

Pension expense

 

 

(3

)

 

 

(4

)

 

 

(10

)

 

 

(12

)

Repositioning

 

 

-

 

 

 

(2

)

 

 

(5

)

 

 

(21

)

Other expense

 

 

(146

)

 

 

(65

)

 

 

(322

)

 

 

(165

)

Interest and other charges, net

 

 

-

 

 

 

1

 

 

 

-

 

 

 

1

 

Income (loss) before taxes

 

$

(18

)

 

 

58

 

 

$

66

 

 

$

144