XML 86 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Financial Information by Reportable Business Segment
Financial information by reportable segment is included in the following summary:
 
2019
2018
2017
 
2019
2018
2017
In millions
Net sales
 
Segment income (loss)
Aquatic Systems
$
985.3

$
1,026.1

$
939.6

 
$
268.9

$
277.6

$
254.1

Filtration Solutions
1,066.9

1,001.0

990.6

 
171.3

168.5

154.5

Flow Technologies
903.6

936.7

914.2

 
138.4

145.6

140.6

Other
1.4

1.3

1.3

 
(62.3
)
(54.9
)
(52.7
)
Consolidated (1)
$
2,957.2

$
2,965.1

$
2,845.7

 
$
516.3

$
536.8

$
496.5


(1) 
One customer in the Aquatic Systems segment, Pool Corporation, represented approximately 15% of our consolidated net sales in 2019, 2018 and 2017.
 
2019
2018
2017
 
2019
2018
2017
 
2019
2018
2017
In millions
Identifiable assets (1)
 
Capital expenditures
 
Depreciation
Aquatic Systems
$
1,340.1

$
1,304.2

$
1,323.0

 
$
11.1

$
10.6

$
9.6

 
$
8.3

$
8.1

$
10.6

Filtration Solutions
1,552.6

1,232.4

1,333.3

 
26.3

16.6

19.2

 
22.5

23.2

21.6

Flow Technologies
1,000.0

1,003.6

1,010.8

 
14.1

10.3

7.3

 
12.0

13.1

13.4

Other
246.8

266.3

4,966.6

 
7.0

10.7

3.0

 
5.5

5.3

5.2

Consolidated
$
4,139.5

$
3,806.5

$
8,633.7

 
$
58.5

$
48.2

$
39.1

 
$
48.3

$
49.7

$
50.8


(1) 
 All cash and cash equivalents and assets held for sale are included in “Other.”
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table presents a reconciliation of consolidated segment income to consolidated income from continuing operations before income taxes:
In millions
2019
2018
2017
Segment income
$
516.3

$
536.8

$
496.5

Restructuring and other
(21.0
)
(31.8
)
(28.2
)
Inventory step-up
(2.2
)
—

—

Intangible amortization
(31.7
)
(34.9
)
(36.4
)
Pension and other post-retirement mark-to-market gain (loss)
3.4

(3.6
)
(8.5
)
Trade name and other impairment
(21.2
)
(12.0
)
(15.6
)
Gain (loss) on sale of businesses
2.2

(7.3
)
(4.2
)
Loss on early extinguishment of debt
—

(17.1
)
(101.4
)
Interest expense, net
(30.1
)
(32.6
)
(87.3
)
Corporate allocations
—

(11.0
)
(36.7
)
Deal related costs and expenses
(4.2
)
(2.0
)
—

Other expense
(4.0
)
(4.7
)
(5.4
)
Income from continuing operations before income taxes
$
407.5

$
379.8

$
172.8