Restructuring and Other Charges

3 Months Ended

Mar. 31, 2014

13.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the three months ended March 31, 2014 and 2013 are shown below.


	Three Months Ended March 31, 2014
(In millions)	Restructuring Charges		Other Charges^(a)		Total Charges
Kitchen & Bath Cabinetry	$	0.1	$	—	$	0.1
Plumbing & Accessories		0.1		—		0.1
Security & Storage		2.1		0.1		2.2

Total	$	2.3	$	0.1	$	2.4


	Three Months Ended March 31, 2013
(In millions)	Restructuring Charges		Other Charges^(a)		Total Charges
Kitchen & Bath Cabinetry	$	0.3	$	0.3	$	0.6
Advanced Material Windows & Door Systems		0.6		—		0.6

Total	$	0.9	$	0.3	$	1.2

^(a)

“Other Charges” represent charges directly related to restructuring initiatives that cannot be reported as restructuring under U.S. GAAP. Such costs may include losses on disposal of inventories, trade receivables allowances from exiting product lines, accelerated depreciation resulting from the closure of facilities and gains or losses on the sale of previously closed facilities.

Restructuring and other charges in the first quarter of 2014 resulted from product line rationalization in the storage product line within our Security & Storage segment. The Company’s restructuring liability was not material as of March 31, 2014 and December 31, 2013.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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