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Restructuring and Other Charges (Tables)

3 Months Ended

Mar. 31, 2020

Restructuring And Related Activities [Abstract]

Pre-tax Restructuring and Other Charges

Pre-tax restructuring and other charges for the three months ended March 31, 2020 and 2019 are shown below.  

(In millions)		Three Months Ended March 31, 2020												Three Months Ended March 31, 2019
		Restructuring Charges				Other Charges (a)				Total Charges				Restructuring Charges				Other Charges (a)				Total Charges
Cabinets		$	2.4			$	0.1			$	2.5			$	1.1			$	0.3			$	1.4
Plumbing			0.3				(0.4	)			(0.1	)			0.1				1.2				1.3
Doors & Security			0.3				0.8				1.1				—				1.9				1.9
Corporate			1.5				0.3				1.8				—				—				—
Total		$	4.5			$	0.8			$	5.3			$	1.2			$	3.4			$	4.6

(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.  

Restructuring and other charges in the first quarter of 2020 largely related to severance costs within all our segments, costs associated with product line discontinuance within our Doors & Security segment and a gain on the sale of a previously closed facility within our Plumbing segment. Restructuring and other charges in the first quarter of 2019 largely related to severance costs within our Cabinets segment and costs associated with closing facilities within our Plumbing and Doors & Security segments. As a result of the economic impacts of COVID-19, we may incur significant restructuring and other charges during the remainder of 2020.

Reconciliation of Restructuring Liability

Reconciliation of Restructuring Liability

(In millions)		Balance at 12/31/19				2020 Provision				Cash Expenditures (a)				Non-Cash Write-offs				Balance at 3/31/20
Workforce reduction costs		$	6.7			$	4.2			$	(3.0	)		$	-			$	7.9
Other			0.1				0.3				(0.2	)			0.4				0.6
		$	6.8			$	4.5			$	(3.2	)		$	0.4			$	8.5

(a) Cash expenditures primarily relate to severance charges.

(In millions)		Balance at 12/31/18				2019 Provision				Cash Expenditures (a)				Non-Cash Write-offs				Balance at 3/31/19
Workforce reduction costs		$	9.9			$	0.7			$	(4.3	)		$	(0.1	)		$	6.2
Other			0.6				0.5				(0.6	)			—				0.5
		$	10.5			$	1.2			$	(4.9	)		$	(0.1	)		$	6.7

(a) Cash expenditures primarily relate to severance charges. 

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- References

No definition available.

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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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-Name Accounting Standards Codification
-Topic 420
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-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
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- Definition

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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