| | | | | | | | | | | | | | | | Three months ended September 30, 2026 | | | In millions | Flow | Water Solutions | Pool | Total | Net sales | $ | 262.5 | | $ | 421.9 | | $ | 291.5 | | $ | 975.9 | | Reconciliation of consolidated net sales | | | | | Corporate and other | | | | 0.5 | | Total consolidated net sales | | | | $ | 976.4 | | | | | | | Cost of goods sold (1)(3) | (155.8) | | (246.4) | | (177.2) | | | Operating expenses (1)(2)(3) | (37.9) | | (54.6) | | (42.6) | | | Reportable segment income | $ | 68.8 | | $ | 120.9 | | $ | 71.7 | | $ | 261.4 | | Corporate and other | | | | (19.4) | | | Restructuring and other | | | | (11.4) | | | Transformation costs | | | | (16.1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Deal-related costs and expenses | | | | (3.4) | | | | | | | | | | | | Intangible amortization | | | | (15.1) | | Interest expense, net | | | | (21.7) | | | Other expense | | | | (1.0) | | | Income from continuing operations before income taxes | | | | $ | 173.3 | |
| | | | | | | | | | | | | | | | Three months ended September 30, 2025 | | | In millions | Flow | Water Solutions | Pool | Total | Net sales | $ | 251.4 | | $ | 415.9 | | $ | 354.3 | | $ | 1,021.6 | | Reconciliation of consolidated net sales | | | | | Corporate and other | | | | 0.4 | | Total consolidated net sales | | | | $ | 1,022.0 | | | | | | | Cost of goods sold (1)(3) | (153.5) | | (253.1) | | (195.5) | | | Operating expenses (1)(2)(3) | (38.2) | | (58.8) | | (42.6) | | | Reportable segment income | $ | 59.7 | | $ | 104.0 | | $ | 116.2 | | $ | 279.9 | | Corporate and other | | | | (17.3) | | | Restructuring and other | | | | (0.2) | | | Transformation costs | | | | (10.8) | | | | | | | | | | | | | Asset impairment and write-offs | | | | (1.5) | | | Deal-related costs and expenses | | | | (4.1) | | | | | | | | | | | | Intangible amortization | | | | (13.9) | | Interest expense, net | | | | (14.4) | | Other expense | | | | (1.0) | | | Income from continuing operations before income taxes | | | | $ | 216.7 | |
| | | | | | | | | | | | | | | | Nine months ended September 30, 2026 | | | In millions | Flow | Water Solutions | Pool | Total | Net sales | $ | 784.3 | | $ | 1,234.9 | | $ | 925.2 | | $ | 2,944.4 | | Reconciliation of consolidated net sales | | | | | Corporate and other | | | | 1.3 | | Total consolidated net sales | | | | $ | 2,945.7 | | | | | | | Cost of goods sold (1)(3) | (468.4) | | (715.4) | | (533.9) | | | Operating expenses (1)(2)(3) | (116.1) | | (172.3) | | (133.9) | | | Reportable segment income | $ | 199.8 | | $ | 347.2 | | $ | 257.4 | | $ | 804.4 | | Corporate and other | | | | (66.7) | | | Restructuring and other | | | | (69.2) | | | Transformation costs | | | | (45.1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Deal-related costs and expenses | | | | (3.4) | | | | | | | | | | | | Intangible amortization | | | | (46.5) | | Interest expense, net | | | | (61.2) | | | Other expense | | | | (2.7) | | | Income from continuing operations before income taxes | | | | $ | 509.6 | |
| | | | | | | | | | | | | | | | Nine months ended September 30, 2025 | | | In millions | Flow | Water Solutions | Pool | Total | Net sales | $ | 734.9 | | $ | 1,254.1 | | $ | 1,165.4 | | $ | 3,154.4 | | Reconciliation of consolidated net sales | | | | | Corporate and other | | | | 1.1 | Total consolidated net sales | | | | $ | 3,155.5 | | | | | | | Cost of goods sold (1)(3) | (459.2) | | (764.1) | | (638.3) | | | Operating expenses (1)(2)(3) | (111.0) | | (183.4) | | (132.2) | | | Reportable segment income | $ | 164.7 | | $ | 306.6 | | $ | 394.9 | | $ | 866.2 | | Corporate and other | | | | (64.4) | | | Restructuring and other | | | | (21.1) | | | Transformation costs | | | | (32.4) | | | | | | | | | | | | | Asset impairment and write-offs | | | | (48.5) | | | | | | | | Loss on sale of business | | | | (26.3) | | | Deal-related costs and expenses | | | | (4.1) | | Intangible amortization | | | | (42.4) | | Interest expense, net | | | | (52.0) | | Other expense | | | | (2.9) | | | Income from continuing operations before income taxes | | | | $ | 572.1 | |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker which includes certain corporate overhead allocations directly attributable to each of the segments. (2) Operating expenses include selling, general, administrative, research and development costs which primarily consist of non-manufacturing employee compensation, non-manufacturing overhead and professional service costs as well as depreciation expense. (3) These costs exclude certain expenses reported in the Condensed Consolidated Statements of Operations and Comprehensive Income, including costs that are reflected in "Corporate and other,” and expenses excluded from reportable segment income as defined above.
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