Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

	Years Ended December 31,
	2012			2011			2010
	(in millions)
Net Sales
North America	$	835.0		$	810.9		$	785.5
EMEA		583.8			595.5			468.3
Asia		26.8			21.7			20.8
Consolidated net sales	$	1,445.6		$	1,428.1		$	1,274.6
Operating income (loss)
North America	$	96.5		$	111.6		$	106.4
EMEA		52.6			28.7			43.7
Asia		6.5			12.2			(0.5	)
Subtotal reportable segments		155.6			152.5			149.6
Corporate(*)		(32.2	)		(35.8	)		(35.4	)
Consolidated operating income		123.4			116.7			114.2
Interest income		0.7			1.0			1.0
Interest expense		(24.6	)		(25.8	)		(22.8	)
Other income (expense), net		0.8			(0.8	)		2.1
Income from continuing operations before income taxes	$	100.3		$	91.1		$	94.5
Identifiable Assets (at end of period)
North America	$	810.9		$	814.3		$	871.8
EMEA		813.8			773.2			692.8
Asia		84.3			92.5			79.7
Discontinued operations		—			14.0			1.8
Consolidated identifiable assets	$	1,709.0		$	1,694.0		$	1,646.1
Long-Lived Assets (at end of period)
North America	$	80.6		$	74.8		$	77.4
EMEA		128.2			133.3			104.6
Asia		14.8			15.0			15.5
Consolidated long-lived assets	$	223.6		$	223.1		$	197.5
Capital Expenditures
North America	$	17.9		$	8.3		$	9.1
EMEA		10.8			13.6			14.8
Asia		1.9			0.7			0.7
Consolidated capital expenditures	$	30.6		$	22.6		$	24.6
Depreciation and Amortization
North America	$	19.6		$	18.7		$	17.9
EMEA		27.7			30.2			24.9
Asia		2.1			2.0			2.0
Consolidated depreciation and amortization	$	49.4		$	50.9		$	44.8

*

Corporate expenses are primarily for administrative compensation expense, internal controls costs, professional fees, including legal and audit expenses, shareholder services and benefit administration costs. These costs are not allocated to the geographic segments as they are viewed as corporate functions that support all activities.

Schedule of U.S. net sales and U.S. long-lived assets of the Company's North America segment

	Years Ended December 31,
	2012		2011		2010
	(in millions)
U.S. net sales	$	747.4	$	732.9	$	712.2
U.S. property, plant and equipment, net (at end of period)	$	75.1	$	69.9	$	72.4

Schedule of intersegment sales for North America, EMEA and Asia

	Years Ended December 31,
	2012		2011		2010
	(in millions)
Intersegment Sales
North America	$	5.3	$	3.3	$	3.6
EMEA		10.9		8.4		7.6
Asia		139.0		132.9		115.8
Intersegment sales	$	155.2	$	144.6	$	127.0

Schedule of net sales to third parties for the four product categories

	Years Ended December 31,
	2012		2011		2010
	(in millions)
Net Sales
Residential & commercial flow control	$	785.9	$	751.3	$	652.2
HVAC & gas		448.5		471.3		433.4
Drains & water re-use		138.8		135.3		122.2
Water quality		72.4		70.2		66.8
Consolidated net sales	$	1,445.6	$	1,428.1	$	1,274.6