Restructuring and Other Charges

3 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the three months ended March 31, 2015 and 2014 are shown below.


(In millions)	Three Months Ended March 31, 2015
	Restructuring Charges		Other Charges^(a)		Total Charges
Cabinets	$	0.9	$	—	$	0.9
Plumbing		1.0		0.1		1.1
Security		1.9		—		1.9
Corporate		0.9		—		0.9

Total	$	4.7	$	0.1	$	4.8

Restructuring and other charges in the first quarter of 2015 related to severance and supply chain initiatives.


(In millions)	Three Months Ended March 31, 2014
	Restructuring Charges		Other Charges^(a)		Total Charges
Cabinets	$	0.1	$	—	$	0.1
Plumbing		0.1		—		0.1

Total	$	0.2	$	—	$	0.2

^(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 charges in the first quarter of 2014 primarily resulted from severance charges.

Reconciliation of Restructuring Liability


(In millions)	Balance at 12/31/14		2015 Provision		Cash Expenditures ^(a)			Non-Cash Write-offs ^(b)			Balance at 3/31/15

Workforce reduction costs	$	7.9	$	3.5	$	(4.1	)	$	0.4		$	7.7
Asset disposals		—		1.0		—			(1.0	)		—
Contract termination costs		—		0.2		—			(0.2	)		—

	$	7.9	$	4.7	$	(4.1	)	$	(0.8	)	$	7.7

^(a)

Cash expenditures primarily related to severance charges.

^(b)

Non-cash write-offs include long-lived asset impairment charges attributable to restructuring actions.

- 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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