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Restructuring and Other Charges
 9 Months Ended
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.