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Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Information
Segment Information
We evaluate performance based on net sales and segment income (loss) and use a variety of ratios to measure performance of our reporting segments. During the third quarter of 2015, we updated our segment income (loss) measure to exclude intangible amortization in order to better reflect the performance of our reporting segments. Segment income (loss) represents equity income of unconsolidated subsidiaries and operating income (loss) exclusive of intangible amortization, certain acquisition related expenses, costs of restructuring activities, "mark-to-market" gain/loss for pension and other post-retirement plans, impairments and other unusual non-operating items.
Financial information by reportable segment is as follows:
 
Three months ended
 
Six months ended
In millions
June 30,
2016
June 27,
2015
 
June 30,
2016
June 27,
2015
Net sales
 
 
 
 
 
Water Quality Systems
$
397.1

$
387.7

 
$
728.6

$
694.6

Flow & Filtration Solutions
368.7

374.6

 
706.4

724.7

Technical Solutions
540.6

407.1

 
1,065.2

802.9

Valves & Controls
433.6

496.4

 
820.6

925.6

Other
(6.7
)
(4.6
)
 
(12.0
)
(11.6
)
Consolidated
$
1,733.3

$
1,661.2

 
$
3,308.8

$
3,136.2

Segment income (loss)
 
 
 
 
 
Water Quality Systems
$
98.2

$
88.2

 
$
159.9

$
140.0

Flow & Filtration Solutions
55.5

57.1

 
95.0

93.5

Technical Solutions
111.6

86.4

 
224.4

164.0

Valves & Controls
43.7

64.4

 
69.0

119.8

Other
(17.6
)
(22.6
)
 
(47.1
)
(44.5
)
Consolidated
$
291.4

$
273.5

 
$
501.2

$
472.8


The following table presents a reconciliation of consolidated segment income to consolidated operating income:
 
Three months ended
 
Six months ended
In millions
June 30,
2016
June 27,
2015
 
June 30,
2016
June 27,
2015
Segment income
$
291.4

$
273.5

 
$
501.2

$
472.8

Restructuring and other
(35.9
)
(25.5
)
 
(36.6
)
(25.5
)
Intangible amortization
(37.6
)
(28.0
)
 
(75.2
)
(55.6
)
Inventory step-up
—

(1.5
)
 
—

(1.5
)
Equity income of unconsolidated subsidiaries
(1.0
)
(0.6
)
 
(1.9
)
(1.1
)
Operating income
$
216.9

$
217.9

 
$
387.5

$
389.1