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Restructuring and Other Charges | 9 Months Ended
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Sep. 30, 2014
Restructuring and Other Charges |
16. | Restructuring and Other Charges
Pre-tax restructuring and other charges for the nine and three months ended September 30, 2014 and 2013 are shown below.
|  | Nine Months Ended September 30, 2014 |
(In millions) |  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |
Cabinets |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
Plumbing |  |  | (1.2 | ) |  |  | (0.1 | ) |  |  | (1.3 | )
Security & Storage |  |  | 2.5 |  |  |  | 0.2 |  |  |  | 2.7 |
Corporate |  |  | 1.6 |  |  |  | — |  |  |  | 1.6 |
Total |  | $ | 3.2 |  |  | $ | 0.1 |  |  | $ | 3.3 |
|  | Nine Months Ended September 30, 2013 |
|  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |
Cabinets |  | $ | 1.9 |  |  | $ | 0.1 |  |  | $ | 2.0 |
|  | Three Months Ended September 30, 2014 |
|  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |
Plumbing |  | $ | (0.3 | ) |  | $ | 0.5 |  |  | $ | 0.2 |
Security & Storage |  |  | 0.4 |  |  |  | 0.1 |  |  |  | 0.5 |
Total |  | $ | 0.1 |  |  | $ | 0.6 |  |  | $ | 0.7 |
|  | Three Months Ended September 30, 2013 |
|  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |
Cabinets |  | $ | 1.4 |  |  | $ | 0.1 |  |  | $ | 1.5 |
| (a) | “Other Charges,” which were recorded in cost of products sold or selling, general and administrative expenses, represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under U.S. GAAP. Such charges or gains 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 nine months of 2014 primarily resulted from product line rationalization in the storage product line within our Security & Storage segment and severance charges in Corporate and the security product line within our Security & Storage segment, partially offset by a benefit from release of a foreign currency gain associated with the dissolution of a foreign entity in the Plumbing segment. The Company’s restructuring liability was not material as of September 30, 2014 and December 31, 2013.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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