Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

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. 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 and transformation activities, impairments and other unusual non-operating items.

Financial information by reportable segment is as follows:

	Three months ended
In millions	March 31, 2022		March 31, 2021
Net sales
Consumer Solutions	$	641.2	$	521.4
Industrial & Flow Technologies	358.1		344.1
Other	0.3		0.4
Consolidated	$	999.6	$	865.9
Segment income (loss)
Consumer Solutions	$	138.5	$	131.0
Industrial & Flow Technologies	52.2		50.0
Other	(18.6)		(16.6)
Consolidated	$	172.1	$	164.4

The following table presents a reconciliation of consolidated segment income to consolidated income from continuing operations before income taxes:

	Three months ended
In millions	March 31, 2022		March 31, 2021
Segment income	$	172.1	$	164.4
Deal-related costs and expenses	(6.4)		(0.7)
Restructuring and other	(2.1)		(1.7)
Transformation costs	(5.5)		—
Intangible amortization	(6.6)		(7.1)
Russia business exit costs	(5.9)		—
Legal accrual adjustments	0.7		2.4
Net interest expense	(5.7)		(5.1)
Other expense	(0.6)		(0.6)
Income from continuing operations before income taxes	$	140.0	$	151.6