Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.5.0.2
Segment Data
 9 Months Ended
Oct. 01, 2016
Segment Reporting [Abstract]  
Segment Data
Segment Data

Brunswick is a manufacturer and marketer of leading consumer brands and has three operating and reportable segments: Marine Engine, Boat and Fitness.  The Company’s segments are defined by management’s reporting structure and operating activities.

The Company evaluates performance based on business segment operating earnings. Segment operating earnings do not include the expenses of corporate administration, non-service related pension costs, pension settlement charges, impairments of equity method investments, earnings from unconsolidated equity affiliates, other expenses and income of a non-operating nature, interest expense and income, loss on early extinguishment of debt or provisions for income taxes.

As a result of freezing benefit accruals in its defined benefit pension plans, pension expense relates solely to Interest cost, Expected return on plan assets, Amortization of net actuarial losses, Amortization of prior service cost and settlement charges which are included in Pension - non-service costs.

Corporate/Other results include items such as corporate staff and administrative costs.  Corporate/Other total assets consist of mainly cash, cash equivalents and investments in marketable securities, restricted cash, income tax balances and investments in unconsolidated affiliates.  Marine eliminations adjust for sales between the Marine Engine and Boat segments, primarily for the sale of engines and parts and accessories to various boat brands, which are consummated at established arm’s length transfer prices as the intersegment pricing for these engines and parts and accessories are based upon and consistent with selling prices to the Company's third party customers.

Operating Segments

The following table sets forth net sales and operating earnings (loss) of each of the Company's operating segments, which are also the Company's reportable segments, for the three months and nine months ended October 1, 2016 and October 3, 2015:
 
Net Sales
 
Operating Earnings (Loss)
 
Three Months Ended
 
Nine Months Ended
 
Three Months Ended
 
Nine Months Ended
(in millions)
October 1,
2016
 
October 3,
2015
 
October 1,
2016
 
October 3,
2015
 
October 1,
2016
 
October 3,
2015
 
October 1,
2016
 
October 3,
2015
Marine Engine
$
625.7

 
$
588.2

 
$
1,940.9

 
$
1,839.6

 
$
109.5

 
$
102.5

 
$
326.8

 
$
308.5

Boat
307.0

 
271.3

 
1,011.9

 
938.6

 
6.8

 
6.4

 
45.9

 
35.0

Marine eliminations
(77.3
)
 
(65.1
)
 
(233.0
)
 
(215.5
)
 
—

 
—

 
—

 
—

Total Marine
855.4

 
794.4

 
2,719.8

 
2,562.7

 
116.3

 
108.9

 
372.7

 
343.5

Fitness
237.6

 
197.5

 
685.7

 
556.9

 
29.1

 
27.6

 
73.3

 
76.6

Pension - non-service costs
—

 
—

 
—

 
—

 
(3.6
)
 
(2.7
)
 
(11.0
)
 
(8.8
)
Corporate/Other
—

 
—

 
—

 
—

 
(19.3
)
 
(18.0
)
 
(54.6
)
 
(52.6
)
Total
$
1,093.0

 
$
991.9

 
$
3,405.5

 
$
3,119.6

 
$
122.5

 
$
115.8

 
$
380.4

 
$
358.7



The following table sets forth total assets of each of the Company's reportable segments:
 
Total Assets
(in millions)
October 1,
2016
 
December 31,
2015
 
October 3,
2015
Marine Engine
$
1,060.5

 
$
981.8

 
$
958.0

Boat
437.0

 
379.7

 
409.7

     Total Marine
1,497.5

 
1,361.5

 
1,367.7

Fitness
922.4

 
625.1

 
597.4

Corporate/Other
821.3

 
1,165.9

 
1,161.9

Total
$
3,241.2

 
$
3,152.5

 
$
3,127.0