Revenue Recognition (Tables)

6 Months Ended

Jun. 27, 2021

Revenue Recognition

Schedule of disaggregation of revenue

	For the second quarter ended June 27, 2021								For the six months ended June 27, 2021
			(in millions)								(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Wholesale	$	177.3	$	88.5	$	21.4	$	287.2	$	334.7	$	169.5	$	38.0	$	542.2
OEM		24.1		47.4		1.6		73.1		44.6		88.4		2.6		135.6
Specialty		86.1		—		0.1		86.2		160.2		—		0.1		160.3
DIY		19.6		0.9		—		20.5		40.4		1.8		—		42.2
Total	$	307.1	$	136.8	$	23.1	$	467.0	$	579.9	$	259.7	$	40.7	$	880.3
	For the second quarter ended June 27, 2021								For the six months ended June 27, 2021
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	177.2	$	51.8	$	18.6	$	247.6	$	339.5	$	99.1	$	33.3	$	471.9
HVAC and Gas Products		77.6		60.9		3.6		142.1		143.5		115.1		5.9		264.5
Drainage and Water Re-use Products		25.2		22.5		0.5		48.2		43.8		42.7		0.9		87.4
Water Quality Products		27.1		1.6		0.4		29.1		53.1		2.8		0.6		56.5
Total	$	307.1	$	136.8	$	23.1	$	467.0	$	579.9	$	259.7	$	40.7	$	880.3

	For the second quarter ended June 28, 2020								For the six months ended June 28, 2020
			(in millions)								(in millions)
Distribution Channel	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Wholesale	$	130.8	$	55.1	$	11.2	$	197.1	$	278.1	$	130.2	$	20.5	$	428.8
OEM		16.7		32.5		0.6		49.8		36.2		67.1		0.8		104.1
Specialty		72.0		—		1.4		73.4		150.5		—		1.9		152.4
DIY		17.9		0.5		—		18.4		35.0		1.0		—		36.0
Total	$	237.4	$	88.1	$	13.2	$	338.7	$	499.8	$	198.3	$	23.2	$	721.3
	For the second quarter ended June 28, 2020								For the six months ended June 28, 2020
			(in millions)								(in millions)
Principal Product Line	Americas		Europe		APMEA		Consolidated		Americas		Europe		APMEA		Consolidated
Residential & Commercial Flow Control	$	130.7	$	30.7	$	8.9	$	170.3	$	279.4	$	71.7	$	17.0	$	368.1
HVAC and Gas Products		63.0		38.5		4.0		105.5		130.6		82.9		5.6		219.1
Drainage and Water Re-use Products		19.3		18.1		—		37.4		37.8		42.0		0.1		79.9
Water Quality Products		24.4		0.8		0.3		25.5		52.0		1.7		0.5		54.2
Total	$	237.4	$	88.1	$	13.2	$	338.7	$	499.8	$	198.3	$	23.2	$	721.3

Schedule of contract assets and contract liabilities

	Contract		Contract		Contract
	Assets		Liabilities - Current		Liabilities - Noncurrent
			(in millions)
Balance - January 1, 2021	$	—	$	13.5	$	2.5
Change in period		—		1.0		(0.2)
Balance - March 28, 2021	$	—	$	14.5	$	2.3
Change in period		—		—		0.1
Balance - June 27, 2021	$	—	$	14.5	$	2.4
Balance - January 1, 2020	$	0.4	$	11.5	$	2.9
Change in period		(0.1)		0.2		(0.1)
Balance - March 29, 2020	$	0.3	$	11.7	$	2.8
Change in period		—		—		(0.1)
Balance - June 28, 2020	$	0.3	$	11.7	$	2.7