Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Financial Information by Reportable Business Segment

Financial information by reportable segment is as follows:


	2022		2021		2020		2022		2021		2020
In millions	Net sales						Segment income (loss)
Consumer Solutions	$	2,619.5	$	2,341.9	$	1,742.9	$	611.1	$	554.4	$	419.1
Industrial & Flow Technologies	1,500.8		1,421.4		1,273.6		242.3		213.3		164.6
Other	1.5		1.5		1.3		(85.7)		(81.8)		(66.1)
Consolidated (1)	$	4,121.8	$	3,764.8	$	3,017.8	$	767.7	$	685.9	$	517.6

(1) One customer in the Consumer Solutions’ pool business represented approximately 20%, 20%, and 15% of our consolidated net sales in 2022, 2021 and 2020, respectively.


	2022		2021		2020		2022		2021		2020		2022		2021		2020
In millions	Identifiable assets (1)						Capital expenditures						Depreciation
Consumer Solutions	$	4,496.7	$	2,823.0	$	2,327.9	$	53.5	$	32.5	$	27.4	$	27.3	$	23.7	$	21.4
Industrial & Flow Technologies	1,722.4		1,716.4		1,661.7		24.0		23.0		26.6		19.5		21.4		19.8
Other	228.4		214.2		207.6		7.7		4.7		8.2		7.3		6.1		5.5
Consolidated	$	6,447.5	$	4,753.6	$	4,197.2	$	85.2	$	60.2	$	62.2	$	54.1	$	51.2	$	46.7

(1) All cash and cash equivalents 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	2022		2021		2020
Segment income	$	767.7	$	685.9	$	517.6
Restructuring and other	(32.4)		(7.5)		(12.7)
Transformation costs	(27.2)		(11.7)		—
Inventory step-up	(5.8)		(2.3)		—
Intangible amortization	(52.5)		(26.3)		(28.4)
Pension and other post-retirement mark-to-market gain (loss)	17.5		2.4		(6.7)
Asset impairment and write-offs	(25.6)		—		(2.7)

Gain (loss) on sale of businesses	0.2		1.4		(0.1)

Russia business exit impact	(4.7)		—		—
Interest expense, net	(61.8)		(12.5)		(23.9)

Deal related costs and expenses	(22.2)		(7.9)		(0.6)
COVID-19 related costs and expenses	—		(0.6)		(10.4)
Legal accrual adjustments and settlements	(0.2)		7.6		—
Other expense	(2.4)		(1.7)		—
Income from continuing operations before income taxes	$	550.6	$	626.8	$	432.1