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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Summary of Segment Results from Continuing Operations
A summary of segment results from continuing operations are shown in the following tables.
 
External
Sales
 
Inter-
Segment
Sales
 
Total
Sales
 
EBIT
Three Months Ended June 30, 2013:
 
 
 
 
 
 
 
Residential Furnishings
$
484.8

 
$
4.0

 
$
488.8

 
$
42.4

Commercial Fixturing & Components
126.2

 
1.2

 
127.4

 
7.9

Industrial Materials
155.8

 
60.9

 
216.7

 
21.9

Specialized Products
192.0

 
16.4

 
208.4

 
28.4

Intersegment eliminations
 
 
 
 
 
 
(4.3
)
Change in LIFO reserve
 
 
 
 
 
 
2.2

 
$
958.8

 
$
82.5

 
$
1,041.3

 
$
98.5

Three Months Ended June 30, 2012:
 
 
 
 
 
Residential Furnishings
$
472.4

 
$
2.3

 
$
474.7

 
$
40.0

Commercial Fixturing & Components
113.7

 
1.2

 
114.9

 
3.1

Industrial Materials
167.3

 
65.9

 
233.2

 
18.3

Specialized Products
181.2

 
13.8

 
195.0

 
26.0

Intersegment eliminations
 
 
 
 
 
 
(3.2
)
Change in LIFO reserve
 
 
 
 
 
 
2.6

 
$
934.6

 
$
83.2

 
$
1,017.8

 
$
86.8


 



 
External
Sales
 
Inter-
Segment
Sales
 
Total
Sales
 
EBIT
Six Months Ended June 30, 2013:
 
 
 
 
 
 
 
Residential Furnishings
$
969.7

 
$
5.9

 
$
975.6

 
$
84.7

Commercial Fixturing & Components
240.8

 
2.2

 
243.0

 
9.5

Industrial Materials
315.4

 
124.5

 
439.9

 
43.6

Specialized Products
365.6

 
29.1

 
394.7

 
44.1

Intersegment eliminations
 
 
 
 
 
 
(8.8
)
Change in LIFO reserve
 
 
 
 
 
 
4.8

 
$
1,891.5

 
$
161.7

 
$
2,053.2

 
$
177.9

Six Months Ended June 30, 2012:
 
 
 
 
 
Residential Furnishings
$
963.0

 
$
4.3

 
$
967.3

 
$
80.2

Commercial Fixturing & Components
226.9

 
2.2

 
229.1

 
10.3

Industrial Materials
331.9

 
136.5

 
468.4

 
31.0

Specialized Products
356.1

 
23.6

 
379.7

 
44.3

Intersegment eliminations
 
 
 
 
 
 
(5.2
)
Change in LIFO reserve
 
 
 
 
 
 
2.1

 
$
1,877.9

 
$
166.6

 
$
2,044.5

 
$
162.7

Average Assets for Segments
Average assets for our segments are shown in the table below and reflect the basis for return measures used by management to evaluate segment performance. These segment totals include working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the periods presented. Amounts for 2012 have been retrospectively adjusted to reflect discontinued operations as discussed in Note 5.
 
 
June 30,
2013
 
December 31,
2012
Residential Furnishings
$
587.8

 
$
602.9

Commercial Fixturing & Components
149.9

 
159.1

Industrial Materials
242.8

 
237.1

Specialized Products
223.0

 
225.4

Average current liabilities included in segment numbers above
447.9

 
439.1

Unallocated assets (1)
1,578.2

 
1,685.5

Difference between average assets and period-end balance sheet
49.1

 
(94.2
)
Total assets
$
3,278.7

 
$
3,254.9

 
(1)
Primarily goodwill, other intangibles, cash, LIFO reserves, deferred tax assets and businesses sold or classified as held for sale during the second quarter of 2013.