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Segment Information
 9 Months Ended
Sep. 30, 2017
Segment Information
Segment Information
During the first quarter of 2017, we reorganized our business segments to reflect a new operating structure, resulting in a change to our reporting segments in 2017. The prior period information was recast to be comparable to the current year presentation.
We evaluate performance based on net sales and segment income (loss) and use a variety of ratios to measure performance of our reporting segments. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. Segment income (loss) represents equity income of unconsolidated subsidiaries and operating income 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
 
Nine months ended
In millions
September 30,
2017
September 30,
2016
 
September 30,
2017
September 30,
2016
Net sales
 
 
 
 
 
Water
$
687.3

$
668.3

 
$
2,123.9

$
2,095.7

Electrical
540.6

543.1

 
1,556.0

1,608.3

Other
(1.1
)
(0.7
)
 
(4.3
)
(2.1
)
Consolidated
$
1,226.8

$
1,210.7

 
$
3,675.6

$
3,701.9

Segment income (loss)
 
 
 
 
 
Water
$
130.5

$
119.1

 
$
407.5

$
373.9

Electrical
121.5

119.6

 
337.8

344.0

Other
(20.1
)
(22.5
)
 
(74.7
)
(82.8
)
Consolidated
$
231.9

$
216.2

 
$
670.6

$
635.1


The following table presents a reconciliation of consolidated segment income to consolidated income from continuing operations before income taxes:
 
Three months ended
 
Nine months ended
In millions
September 30,
2017
September 30,
2016
 
September 30,
2017
September 30,
2016
Segment income
$
231.9

$
216.2

 
$
670.6

$
635.1

Restructuring and other
(4.9
)
(8.1
)
 
(43.2
)
(20.9
)
Intangible amortization
(24.6
)
(24.1
)
 
(73.2
)
(72.6
)
Loss on sale of business
(3.8
)
—

 
(3.8
)
—

Loss of early extinguishment of debt
—

—

 
(101.4
)
—

Separation costs
(9.9
)
—

 
(9.9
)
—

Net interest expense
(13.9
)
(34.3
)
 
(74.2
)
(105.9
)
Income from continuing operations before income taxes
$
174.8

$
149.7

 
$
364.9

$
435.7