v3.26.3
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
H. SEGMENT INFORMATION

Our reportable segments are as follows:
Plumbing Products – principally includes faucets, plumbing system components and valves, showerheads and handheld showers, bath hardware and accessories, bathing units, tubs and shower bases, enclosures and doors, shower drains, steam shower systems, water filtration systems, sinks, kitchen accessories, cabinet and other hardware, spas, exercise pools, aquatic fitness systems, and saunas.
Decorative Architectural Products – principally includes paints and other coating products, paint applications and accessories.
H. SEGMENT INFORMATION (Continued)
Information by segment was as follows, in millions:
Three Months Ended September 30, 2026
Plumbing Products
Decorative Architectural Products
Total
Net sales (A)
$1,338 $628 $1,966 
Operating expenses (B)
1,083 493 
Corporate expenses (C)
11 9 
Segment operating profit$244 $125 $369 
General corporate expense, net (C)
(31)
Operating profit338 
Other income (expense), net(16)
Income before income taxes$322 
Nine Months Ended September 30, 2026
Plumbing Products
Decorative Architectural Products
Total
Net sales (A)
$4,038 $1,837 $5,875 
Operating expenses (B)
3,161 1,439 
Corporate expenses (C)
37 22 
Segment operating profit$840 $376 $1,216 
General corporate expense, net (C)
(91)
Operating profit (D)
1,125 
Other income (expense), net(71)
Income before income taxes$1,054 
Three Months Ended September 30, 2025
Plumbing ProductsDecorative Architectural ProductsTotal
Net sales (A)
$1,290 $627 $1,917 
Operating expenses (B)
1,084 495 
Corporate expenses (C)
10 5 
Segment operating profit
$196 $127 $324 
General corporate expense, net (C)
(20)
Operating profit303 
Other income (expense), net(27)
Income before income taxes$276 
H. SEGMENT INFORMATION (Concluded)
Nine Months Ended September 30, 2025
Plumbing ProductsDecorative Architectural ProductsTotal
Net sales (A)
$3,908 $1,862 $5,769 
Operating expenses (B)
3,173 1,483 
Corporate expenses (C)
29 16 
Segment operating profit
$705 $363 $1,068 
General corporate expense, net (C)
(68)
Operating profit1,001 
Other income (expense), net(93)
Income before income taxes$908 
(A)Intra-company sales between segments were not material and have been excluded from net sales.
(B)Operating expenses included cost of sales and selling, general and administrative expenses.
(C)Corporate expenses included specific corporate overhead allocated to each segment. General corporate expense, net included those expenses not specifically attributable to our segments.
(D)Operating profit included the net tariff benefit from IEEPA tariff refunds of approximately $90 million for the nine months ended September 30, 2026, principally in the Plumbing Products segment.
Property Additions
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Plumbing Products$32 $30 $91 $85 
Decorative Architectural Products6 9 22 22 
Corporate
1 2 3 3 
Total$39 $41 $116 $109 
Depreciation and Amortization
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Plumbing Products$29 $29 $88 $83 
Decorative Architectural Products7 7 21 20 
Corporate
1 2 4 6 
Total$37 $38 $112 $109 
Assets
At September 30, 2026At December 31, 2025
Plumbing Products$3,503 $3,489 
Decorative Architectural Products1,382 1,248 
Corporate452 463 
Total$5,338 $5,201