Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

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

	Second Quarter Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(in millions)
Net Sales
North America	$	224.4		$	218.1		$	437.4		$	425.1
EMEA	138.6			142.8			281.0			292.0
Asia	8.3			6.5			15.0			11.5
Consolidated net sales	$	371.3		$	367.4		$	733.4		$	728.6

Operating income (loss)
North America	$	31.5		$	26.2		$	55.5		$	46.1
EMEA	9.8			12.0			20.4			24.8
Asia	2.4			2.1			5.3			3.5
Subtotal reportable segments	43.7			40.3			81.2			74.4

Corporate (*)	(8.1		)	(7.1		)	(17.3		)	(14.6		)
Consolidated operating income	35.6			33.2			63.9			59.8

Interest income	0.2			0.2			0.3			0.4
Interest expense	(5.5		)	(6.1		)	(11.5		)	(12.3		)
Other income (expense), net	(1.4		)	—			(1.4		)	0.9
Income from continuing operations before income taxes	$	28.9		$	27.3		$	51.3		$	48.8
Capital Expenditures
North America	$	4.6		$	1.8		$	12.8		$	4.4
EMEA	2.1			2.4			4.3			4.6
Asia	0.3			0.5			0.9			0.6
Consolidated capital expenditures	$	7.0		$	4.7		$	18.0		$	9.6

Depreciation and Amortization
North America	$	5.1		$	4.9		$	10.1		$	9.7
EMEA	6.6			6.8			13.3			14.1
Asia	0.6			0.5			1.3			1.0
Consolidated depreciation and amortization	$	12.3		$	12.2		$	24.7		$	24.8

Identifiable Assets (at end of period)
North America							$	743.0		$	779.1
EMEA							812.7			750.5
Asia.							80.1			90.8
Discontinued operations							—			10.9
Consolidated identifiable assets							$	1,635.8		$	1,631.3

Property, plant and equipment, net (at end of period)
North America							$	86.0		$	73.7
EMEA							121.1			123.9
Asia							14.6			14.5
Consolidated property, plant and equipment, net							$	221.7		$	212.1

* 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. property, plant and equipment of the Company's North America segment

	Second Quarter Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(in millions)

U.S. net sales	$	201.6	$	196.0	$	394.4	$	383.0
U.S. property, plant and equipment (at end of period)					$	81.0	$	68.2

Schedule of intersegment sales for North America, EMEA and Asia

	Second Quarter Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(in millions)
Intersegment Sales
North America	$	1.3	$	1.2	$	2.6	$	2.6
EMEA	2.4		2.0		5.1		4.6
Asia	47.5		35.3		89.1		66.4
Intersegment sales	$	51.2	$	38.5	$	96.8	$	73.6

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

	Second Quarter Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(in millions)
Net Sales
Residential & commercial flow control	$	209.2	$	207.5	$	409.6	$	405.7
HVAC & gas	107.0		106.9		214.7		216.6
Drains & water re-use	36.3		35.0		70.2		68.8
Water quality	18.8		18.0		38.9		37.5
Consolidated net sales	$	371.3	$	367.4	$	733.4	$	728.6

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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