15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the six and three months ended June 30, 2016 and 2015 are shown below.


(In millions)	Six Months Ended June 30, 2016
			Other Charges^(a)
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Cabinets	$	1.8	$	—	$	—	$	1.8
Plumbing		0.7		0.2		0.1		1.0
Security		6.8		2.5		—		9.3

Total	$	9.3	$	2.7	$	0.1	$	12.1

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

^(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 expenses.

Restructuring and other charges in the first six months of 2016 primarily related to severance costs and accelerated depreciation to relocate a manufacturing facility within our Security segment and severance costs within our Cabinets segment.

Restructuring and other charges in the first six months of 2015 related to severance costs to relocate of a plumbing facility in China and severance within our Security and Cabinets segments and in Corporate, as well as supply chain initiatives.


(In millions)	Three Months Ended June 30, 2016
			Other Charges ^(a)
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Plumbing	$	0.3	$	0.2	$	0.1	$	0.6
Security		3.4		—		—		3.4

Total	$	3.7	$	0.2	$	0.1	$	4.0

(In millions)	Three Months Ended June 30, 2015
			Other Charges ^(a)
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Cabinets	$	0.1	$	—	$	—	$	0.1
Plumbing		4.7		—		0.4		5.1
Security		1.3		—		—		1.3

Total	$	6.1	$	—	$	0.4	$	6.5

^(a)

^(b)

Selling, general and administrative expenses.

Restructuring and other charges in the second quarter of 2016 primarily resulted from severance costs within our Security segment. Restructuring and other charges in the second quarter of 2015 primarily resulted from severance charges, mainly related to the relocation of a plumbing facility in China.

Reconciliation of Restructuring Liability


(In millions)	Balance at 12/31/15		2016 Provision		Cash Expenditures ^(a)			Non-Cash Write-offs ^(b)			Balance at 6/30/16
Workforce reduction costs	$	10.4	$	7.6	$	(6.6	)	$	—		$	11.4
Other		0.5		1.7		(1.9	)		(0.3	)		—

	$	10.9	$	9.3	$	(8.6	)	$	(0.3	)	$	11.4

^(a)

Cash expenditures primarily related to severance charges.

^(b)

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