15.

Restructuring and Other Charges

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


(In millions)	Nine Months Ended September 30, 2015
	Other Charges ^(a)
	Restructuring Charges		Cost of Products Sold			SG&A^(b)		Total Charges
Cabinets	$	0.6	$	(0.1	)	$	—	$	0.5
Plumbing		6.3		0.1			0.4		6.8
Security		4.8		2.7			—		7.5
Corporate		0.9		—			—		0.9

Total	$	12.6	$	2.7		$	0.4	$	15.7


(In millions)	Nine Months Ended September 30, 2014
	Other Charges ^(a)
	Restructuring Charges			Cost of Products Sold			SG&A^(b)		Total Charges
Cabinets	$	0.4		$	—		$	—	$	0.4
Plumbing		(1.2	)		(0.2	)		0.1		(1.3	)
Security		0.4			—			—		0.4

Corporate		1.5			—			—		1.5

Total	$	1.1		$	(0.2	)	$	0.1	$	1.0

^(a)

“Other Charges” represent charges directly related to restructuring initiatives that cannot be reported as restructuring under 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.

Restructuring and other charges in the first nine months of 2015 related to severance costs to relocate a plumbing facility in China and severance costs and accelerated depreciation to relocate a manufacturing facility within our Security segment, as well as severance costs in the Security segment and Corporate.

Restructuring and other charges in the first nine months of 2014 primarily results from severance charges in our Corporate and Security 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.


(In millions)	Three Months Ended September 30, 2015
	Other Charges ^(a)
	Restructuring Charges			Cost of Products Sold			SG&A^(b)		Total Charges
Cabinets	$	(0.4	)	$	(0.1	)	$	—	$	(0.5	)
Plumbing		0.6			—			—		0.6
Security		1.6			2.7			—		4.3

Total	$	1.8		$	2.6		$	—	$	4.4

(In millions)	Three Months Ended September 30, 2014
	Other Charges ^(a)
	Restructuring Charges			Cost of Products Sold			SG&A^(b)		Total Charges
Cabinets	$	0.1		$	—		$	—	$	0.1
Plumbing		(0.3	)		0.4			0.1		0.2
Security		0.4			—			—		0.4

Total	$	0.2		$	0.4		$	0.1	$	0.7

^(a)

^(b)

Selling, general and administrative.

Restructuring and other charges in the third quarter of 2015 primarily resulted from severance charges and accelerated depreciation to relocate a manufacturing facility within our Security segment. Restructuring and other charges in the third 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 9/30/15
Workforce reduction costs	$	7.9	$	11.4	$	(8.7	)	$	0.5		$	11.1
Asset disposals		—		0.5		0.4			(0.9	)		—
Contract termination costs		—		0.2		—			(0.2	)		—
Other		—		0.5		(0.1	)		—			0.4

	$	7.9	$	12.6	$	(8.4	)	$	(0.6	)	$	11.5

^(a)

Cash expenditures primarily related to severance charges.

^(b)

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