Operating Segments |
The following table sets forth net sales and operating earnings (loss) for each of the Company's reportable segments for the three months and nine months ended September 26, 2020 and September 28, 2019:
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Net Sales |
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Operating Earnings (Loss) |
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Three Months Ended |
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Nine Months Ended |
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Three Months Ended |
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Nine Months Ended |
(in millions) |
Sep 26, 2020 |
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Sep 28, 2019 |
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Sep 26, 2020 |
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Sep 28, 2019 |
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Sep 26, 2020 |
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Sep 28, 2019 |
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Sep 26, 2020 |
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Sep 28, 2019 |
Propulsion |
$ |
526.5
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$ |
396.9 |
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$ |
1,370.5
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$ |
1,310.8 |
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$ |
94.1
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$ |
58.2 |
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$ |
203.1
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$ |
189.1 |
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Parts and Accessories |
459.9
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373.0 |
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1,148.0
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1,096.6 |
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99.9
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73.0 |
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226.2
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209.0 |
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Boat |
328.1
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277.4 |
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869.5
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1,017.3 |
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28.3
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8.1 |
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35.4
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60.9 |
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Corporate/Other |
—
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— |
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—
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— |
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(29.7) |
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(19.6) |
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(61.9) |
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(62.5) |
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Segment Eliminations |
(81.4) |
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(70.7) |
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(201.6) |
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(233.9) |
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—
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— |
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—
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— |
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Total |
$ |
1,233.1
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$ |
976.6 |
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$ |
3,186.4
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$ |
3,190.8 |
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$ |
192.6
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$ |
119.7 |
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$ |
402.8
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$ |
396.5 |
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The following table sets forth total assets of each of the Company's reportable segments:
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Total Assets |
(in millions) |
September 26, 2020 |
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December 31, 2019 |
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September 28, 2019 |
Propulsion |
$ |
895.7
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$ |
1,002.8 |
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$ |
1,006.7 |
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Parts and Accessories |
1,473.4
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1,519.0 |
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1,550.1 |
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Boat (A)
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470.4
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473.0 |
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475.3 |
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Corporate/Other |
851.3
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569.6 |
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622.3 |
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Total |
$ |
3,690.8
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$ |
3,564.4 |
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$ |
3,654.4 |
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(A) As of September 26, 2020, December 31, 2019 and September 28, 2019, the Company had $3.0 million of assets classified as held for sale which were not related to discontinued operations. These assets were recorded within Net Property.
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