Question
FormCo segments its company into four distinct divisions. The net revenues, operating profit, and total assets for these divisions are disclosed in the footnotes to
FormCo segments its company into four distinct divisions. The net revenues, operating profit, and total assets for these divisions are disclosed in the footnotes to FormCo's consolidated financial statements and the following presented? information:
Net Revenue | Operating Profit | |||||
---|---|---|---|---|---|---|
2017 | 2016 | 2015 | 2017 | 2016 | 2015 | |
Home furnishings | $10,250 | $9,150 | $8,750 | $2,460 | $2,185 | $1,635 |
office furniture | 8,750 | 7,850 | 7,550 | 1,575 | 1,395 | 1,335 |
store displays | 12,750 | 11,550 | 11,050 | 1,785 | 1,645 | 1,585 |
health care furnishings | 1,500 | 1,350 | 1,250 | 495 | 470 | 450 |
Total division | $33,250 | $29,900 | $28,600 | $6,315 | $5,695 | $5,005 |
Corporate | (310) | (270) | (225) | |||
Total | 33,250 | 29,900 | 28,600 | 6,005 | 5,425 | 4,780 |
Corporate includes the costs of our corporate? headquarters, centrally managed? initiatives, and certain gains and losses that cannot be accurately allocated to specific? divisions, such as derivative gains and losses.
Amortization of Intangible Assests | Depreciation and Other Amortization | |||||
2017 | 2016 | 2015 | 2017 | 2016 | 2015 | |
home furnishings | 16 | 11 | 11 | 445 | 435 | 440 |
office furniture | 82 | 77 | 77 | 280 | 260 | 255 |
store displays | 85 | 80 | 78 | 450 | 395 | 355 |
health care furnishings | 8 | 20 | 25 | 22 | ||
total division | 183 | 168 | 174 | 1195 | 1115 | 1072 |
corporate | 40 | 45 | 44 | |||
total | $183 | $168 | $174 | $1235 | $1160 | $1116 |
Total Assests | Capital Spending | |||||
2017 | 2016 | 2015 | 2017 | 2016 | 2015 | |
home furnishings | 5,125 | 3875 | 3375 | 490 | 500 | 460 |
office furniture | 7,000 | 6,400 | 6,200 | 500 | 330 | 275 |
store displays | 10,625 | 9425 | 9025 | 820 | 650 | 515 |
health care furnishings | 625 | 425 | 375 | 20 | 20 | 25 |
Total Division | $23,375 | $20,125 | $18,975 | $1830 | $1500 | $1275 |
corporate | 1,750 | 5310 | 3510 | 175 | 180 | 65 |
Total | $25,125 | $25,435 | $22,485 | $2,005 | $1,680 | $1,340 |
Corporate assets consist of? cash, short-term? investments, and? property, plant, and equipment. The corporate? property, plant, and equipment includes the headquarters? building, equipment, within, and the surrounding property.
Note1—Basis of Presentation and Our? Divisions: We? manufacture, market, and sell a variety of products through our? divisions, including furniture and fixtures for the? home, office,? stores, and? health-care facilities. The accounting policies are the same for each division.
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