Revenue Recognition (Tables)

9 Months Ended

Sep. 29, 2019

Revenue Recognition

Schedule of disaggregation of revenue

	For the third quarter ended September 29, 2019								For the nine months ended September 29, 2019
			(in millions)								(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Wholesale	$	152.1	$	72.2	$	15.0	$	239.3	$	459.8	$	226.9	$	43.2	$	729.9
OEM		20.0		35.1		0.4		55.5		62.7		108.5		1.2		172.4
Specialty		83.6		—		1.1		84.7		247.5		—		2.2		249.7
DIY		14.6		0.6		—		15.2		46.2		2.0		—		48.2
Total	$	270.3	$	107.9	$	16.5	$	394.7	$	816.2	$	337.4	$	46.6	$	1,200.2
	For the third quarter ended September 29, 2019								For the nine months ended September 29, 2019
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	151.0	$	41.1	$	10.6	$	202.7	$	459.7	$	130.1	$	32.9	$	622.7
HVAC and Gas Products		73.4		44.7		4.4		122.5		221.9		139.0		10.0		370.9
Drainage and Water Re-use Products		20.7		21.5		1.3		43.5		60.4		66.4		3.0		129.8
Water Quality Products		25.2		0.6		0.2		26.0		74.2		1.9		0.7		76.8
Total	$	270.3	$	107.9	$	16.5	$	394.7	$	816.2	$	337.4	$	46.6	$	1,200.2

	For the third quarter ended September 30, 2018								For the nine months ended September 30, 2018
			(in millions)								(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Wholesale	$	146.7	$	73.5	$	14.8	$	235.0	$	433.9	$	234.7	$	44.4	$	713.0
OEM		19.4		37.5		0.3		57.2		58.6		114.9		1.1		174.6
Specialty		82.7		—		1.5		84.2		236.4		—		4.3		240.7
DIY		13.9		0.6		—		14.5		46.9		2.1		—		49.0
Total	$	262.7	$	111.6	$	16.6	$	390.9	$	775.8	$	351.7	$	49.8	$	1,177.3
	For the third quarter ended September 30, 2018								For the nine months ended September 30, 2018
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	144.4	$	40.2	$	11.2	$	195.8	$	435.3	$	132.2	$	33.8	$	601.3
HVAC and Gas Products		77.1		49.4		4.3		130.8		220.2		152.7		13.6		386.5
Drainage and Water Re-use Products		19.8		21.7		0.7		42.2		55.2		65.9		1.4		122.5
Water Quality Products		21.4		0.3		0.4		22.1		65.1		0.9		1.0		67.0
Total	$	262.7	$	111.6	$	16.6	$	390.9	$	775.8	$	351.7	$	49.8	$	1,177.3

Schedule of contract assets and contract liabilities

	Contract		Contract		Contract
	Assets		Liabilities - Current		Liabilities - Noncurrent
			(in millions)
Balance - January 1, 2019	$	1.0	$	11.3	$	2.7
Change in period		(0.7)		0.1		—
Balance - March 31, 2019	$	0.3	$	11.4	$	2.7
Change in period		(0.2)		0.7		0.1
Balance - June 30, 2019	$	0.1	$	12.1	$	2.8
Change in period		—		(0.3)		0.2
Balance - September 29, 2019	$	0.1	$	11.8	$	3.0
Balance - January 1, 2018	$	0.6	$	11.3	$	2.1
Change in period		1.1		0.2		0.3
Balance - April 1, 2018	$	1.7	$	11.5	$	2.4
Change in period		(0.3)		0.1		0.3
Balance - July 1, 2018	$	1.4	$	11.6	$	2.7
Change in period		0.4		(0.4)		—
Balance - September 30, 2018	$	1.8	$	11.2	$	2.7