Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Financial information by reportable segment is as follows:

	Three months ended				Nine months ended
In millions	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Net sales
Industrial & Flow Technologies	$	400.2	$	389.5	$	1,203.6	$	1,125.0
Water Solutions	299.4		275.3		907.6		703.3
Pool	308.8		390.0		1,007.4		1,289.4
Other	0.4		0.3		1.3		1.2
Consolidated	$	1,008.8	$	1,055.1	$	3,119.9	$	3,118.9
Segment income (loss)
Industrial & Flow Technologies	$	77.5	$	65.7	$	217.3	$	177.0
Water Solutions	68.8		49.3		196.0		104.0
Pool	90.6		109.3		311.9		362.3
Other	(24.8)		(17.4)		(67.9)		(58.4)
Consolidated	$	212.1	$	206.9	$	657.3	$	584.9

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:

	Three months ended				Nine months ended
In millions	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Segment income	$	212.1	$	206.9	$	657.3	$	584.9
Deal-related costs and expenses	—		(13.4)		—		(21.4)
Inventory step-up	—		(5.8)		—		(5.8)
Asset impairment and write-offs	(1.8)		—		(6.2)		—
Restructuring and other	(1.6)		(12.5)		(5.1)		(15.7)
Transformation costs	(13.5)		(10.1)		(28.0)		(20.8)
Intangible amortization	(13.8)		(18.5)		(41.5)		(31.4)
Gain on sale of businesses	—		0.2		—		0.2
Russia business exit impact	—		0.8		—		(5.1)
Legal accrual adjustments and settlements	—		—		(2.2)		0.2
Interest expense, net	(27.5)		(19.3)		(91.7)		(34.2)
Other (expense) income	(1.0)		(0.6)		2.3		(1.7)
Income from continuing operations before income taxes	$	152.9	$	127.7	$	484.9	$	449.2