Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Financial Information by Reportable Business Segment

Financial information by reportable segment is included in the following summary:


	2020		2019		2018		2020		2019		2018
In millions	Net sales						Segment income (loss)
Consumer Solutions	$	1,742.9	$	1,611.7	$	1,578.4	$	419.1	$	379.6	$	392.9
Industrial & Flow Technologies	1,273.6		1,344.1		1,385.4		164.6		199.0		198.8
Other	1.3		1.4		1.3		(66.1)		(62.3)		(54.9)
Consolidated (1)	$	3,017.8	$	2,957.2	$	2,965.1	$	517.6	$	516.3	$	536.8

(1) One customer in the Consumer Solutions segment, Pool Corporation, represented approximately 15% of our consolidated net sales in 2020, 2019 and 2018.


	2020		2019		2018		2020		2019		2018		2020		2019		2018
In millions	Identifiable assets (1)						Capital expenditures						Depreciation
Consumer Solutions	$	2,327.9	$	2,329.9	$	1,952.2	$	27.4	$	31.2	$	22.7	$	21.4	$	21.8	$	20.9
Industrial & Flow Technologies	1,661.7		1,562.8		1,588.0		26.6		20.3		14.8		19.8		21.0		23.5
Other	207.6		246.8		266.3		8.2		7.0		10.7		5.5		5.5		5.3
Consolidated	$	4,197.2	$	4,139.5	$	3,806.5	$	62.2	$	58.5	$	48.2	$	46.7	$	48.3	$	49.7

(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	2020		2019		2018
Segment income	$	517.6	$	516.3	$	536.8
Restructuring and other	(15.4)		(21.0)		(31.8)
Inventory step-up	—		(2.2)		—
Intangible amortization	(28.4)		(31.7)		(34.9)
Pension and other post-retirement mark-to-market (loss) gain	(6.7)		3.4		(3.6)
Asset impairment	—		(21.2)		(12.0)

(Loss) gain on sale of businesses	(0.1)		2.2		(7.3)
Loss on early extinguishment of debt	—		—		(17.1)
Interest expense, net	(23.9)		(30.1)		(32.6)
Corporate allocations	—		—		(11.0)
Deal related costs and expenses	(0.6)		(4.2)		(2.0)
COVID-19 related costs and expenses	(10.4)		—		—
Other expense	—		(4.0)		(4.7)
Income from continuing operations before income taxes	$	432.1	$	407.5	$	379.8