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Restructuring and Other Charges (Tables)
 6 Months Ended
Jun. 30, 2015
Restructuring and Related Activities [Abstract]  
Pre Tax Restructuring and Other Charges

Pre-tax restructuring and other charges for the six and three months ended June 30, 2015 and 2014 are shown below.

 

(In millions)    Six Months Ended June 30, 2015  
     Restructuring
Charges		      Other Charges (a)      Total
Charges		  
        Cost of
Products Sold		      SG&A(b)     

Cabinets

    $ 1.0       $ —         $ —         $ 1.0   

Plumbing

      5.7         0.1         0.4         6.2   

Security

      3.2         —           —           3.2   

Corporate

      0.9         —           —           0.9   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 10.8       $ 0.1       $ 0.4       $ 11.3   

 

(In millions)    Six Months Ended June 30, 2014  
     Restructuring
Charges		      Other Charges (a)      Total
Charges		  
        Cost of
Products Sold		     

Cabinets

    $ 0.3       $ —         $ 0.3   

Plumbing

      (0.9 )       (0.6 )       (1.5 ) 

Corporate

      1.5         —           1.5   
  

 

 

     

 

 

     

 

 

  

Total

    $ 0.9       $ (0.6 )     $ 0.3   

 

(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.
(b)  Selling, general and administrative

 

 

(In millions)    Three Months Ended June 30, 2015  
     Restructuring
Charges		      Other Charges (a)      Total
Charges		  
        Cost of
Products Sold		      SG&A(b)     

Cabinets

    $ 0.1       $ —         $ —         $ 0.1   

Plumbing

      4.7         —           0.4         5.1   

Security

      1.3         —           —           1.3   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

 $ 6.1    $ —      $ 0.4    $ 6.5   

 

(In millions)    Three Months Ended June 30, 2014  
     Restructuring
Charges		      Other Charges (a)      Total
Charges		  
        Cost of
Products Sold		     

Cabinets

    $ 0.2       $ —         $ 0.2   

Plumbing

      (1.0 )       (0.6 )       (1.6 ) 

Corporate

      1.5         —           1.5   
  

 

 

     

 

 

     

 

 

  

Total

 $ 0.7    $ (0.6 )  $ 0.1   

 

(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.
(b)  Selling, general and administrative
Reconciliation of Restructuring Liability

Reconciliation of Restructuring Liability

 

(In millions)    Balance at
12/31/14		      2015
Provision		      Cash
Expenditures (a)		     Non-Cash
Write-offs  (b)		     Balance at
6/30/15		  

Workforce reduction costs

    $ 7.9       $ 9.6       $ (6.7 )    $ 0.4      $ 11.2   

Asset disposals

      —           1.0         —          (1.0 )      —     

Contract termination costs

      —           0.2         —          (0.2 )      —     
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  
$ 7.9    $ 10.8    $ (6.7 )  $ (0.8 )  $ 11.2   

 

(a) Cash expenditures primarily related to severance charges.
(b) Non-cash write-offs include long-lived asset impairment charges attributable to restructuring actions