v3.25.2
Segment Data
 9 Months Ended
Aug. 01, 2025
Segment Reporting [Abstract]  
Segment Data
3Segment Data
The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment determination is based on the manner in which the company's CODM organizes segments for making operating and investment decisions and assessing performance. The company has identified nine operating segments which are aggregated into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. The company's Other activities consist of the company's wholly-owned domestic distribution company, the company's corporate activities, and the elimination of intersegment revenues and expenses.
The following tables present summarized financial information concerning the company’s reportable business segments and Other activities (dollars in millions):
Three Months Ended August 1, 2025ProfessionalResidentialOtherTotal
Net sales$930.8 $192.8 $7.7 $1,131.3 
Intersegment gross sales (eliminations)17.5 0.2 (17.7)— 
Earnings (loss) before income taxes1    
$198.5 $3.7 $(144.4)$57.8 
Nine Months Ended August 1, 2025ProfessionalResidentialOtherTotal
Net sales$2,713.7 $711.2 $19.3 $3,444.2 
Intersegment gross sales (eliminations)51.9 0.2 (52.1)— 
Earnings (loss) before income taxes1    
527.8 37.0 (272.2)292.6 
Total assets$2,518.6 $486.4 $514.8 $3,519.8 
Three Months Ended August 2, 2024ProfessionalResidentialOtherTotal
Net sales$880.9 $267.5 $8.5 $1,156.9 
Intersegment gross sales (eliminations)17.2 0.1 (17.3)— 
Earnings (loss) before income taxes$165.7 $32.6 $(54.1)$144.2 
Nine Months Ended August 2, 2024ProfessionalResidentialOtherTotal
Net sales$2,643.0 $843.2 $21.6 $3,507.8 
Intersegment gross sales (eliminations)39.0 0.2 (39.2)— 
Earnings (loss) before income taxes469.2 92.2 (157.9)403.5 
Total assets$2,714.6 $576.9 $439.9 $3,731.4 
1    Other activities earnings (loss) before income taxes includes an $81.1 million non-cash impairment charge recorded during the third quarter of fiscal 2025 related to the Spartan trade name. For additional information regarding the impairment charge, refer to Note 5, Goodwill and Other Intangible Assets, Net
The following table presents the details of operating loss before income taxes for the company's Other activities:
 Three Months EndedNine Months Ended
(Dollars in millions)August 1, 2025August 2, 2024August 1, 2025August 2, 2024
Corporate expenses1
$(139.5)$(44.5)$(253.5)$(135.1)
Interest expense(15.1)(14.5)(45.9)(47.4)
Earnings from the company's wholly-owned domestic distribution company and other income, net10.2 4.9 27.2 24.6 
Total operating loss$(144.4)$(54.1)$(272.2)$(157.9)
1    Corporate expenses reported within Other activities operating loss before income taxes includes an $81.1 million non-cash impairment charge recorded during the third quarter of fiscal 2025 related to the Spartan trade name. For additional information regarding the impairment charge, refer to Note 5, Goodwill and Other Intangible Assets, Net