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Restructuring and Other Charges (Tables)

9 Months Ended

Sep. 30, 2015

Restructuring and Related Activities [Abstract]

Pre Tax 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.

(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)  “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.

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 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.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 420



-SubTopic 10



-Section 50



-Paragraph 1



-Subparagraph (b)(2)



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-Name Accounting Standards Codification



-Topic 420



-SubTopic 10



-Section S99



-Paragraph 2



-Subparagraph (SAB Topic 5.P.4(b)(2))



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