Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.7.0.1
Segment Data
 3 Months Ended
Apr. 01, 2017
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, pension costs, pension settlement charges, earnings from unconsolidated equity affiliates, other expenses and income of a non-operating nature, interest expense, interest income or provisions for income taxes.

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 third party customers.

Operating Segments

The following table sets forth net sales and operating earnings (loss) of each of the Company's reportable segments, for the three months ended April 1, 2017 and April 2, 2016:
 
Net Sales
 
Operating Earnings (Loss)
(in millions)
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
Marine Engine
$
631.8

 
$
595.5

 
$
88.5

 
$
78.3

Boat
382.7

 
336.8

 
3.2

 
16.4

Marine eliminations
(89.8
)
 
(80.3
)
 
—

 
—

Total Marine
924.7

 
852.0

 
91.7

 
94.7

Fitness
235.6

 
218.3

 
18.3

 
20.1

Pension costs
—

 
—

 
(2.3
)
 
(3.7
)
Corporate/Other
—

 
—

 
(18.7
)
 
(15.1
)
Total
$
1,160.3

 
$
1,070.3

 
$
89.0

 
$
96.0



The following table sets forth total assets of each of the Company's reportable segments:
 
Total Assets
(in millions)
April 1,
2017
 
December 31,
2016
 
April 2,
2016
Marine Engine
$
1,251.3

 
$
1,079.5

 
$
1,122.3

Boat
444.5

 
425.2

 
398.0

     Total Marine
1,695.8

 
1,504.7

 
1,520.3

Fitness
939.7

 
947.5

 
845.1

Corporate/Other
638.4

 
832.5

 
757.3

Total
$
3,273.9

 
$
3,284.7

 
$
3,122.7



As of April 1, 2017, December 31, 2016 and April 2, 2016, the Company had $6.3 million, $13.2 million and $14.2 million, respectively, of net assets classified as held-for-sale within Net property in the Condensed Consolidated Balance Sheets.