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Restructuring and Other Charges
 9 Months Ended
Sep. 30, 2020
Restructuring And Related Activities [Abstract]  
Restructuring and Other Charges

15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the nine and three months ended September 30, 2020 and 2019 are shown below.  

 

(In millions)

 

Nine Months Ended September 30, 2020

 

 

Nine Months Ended September 30, 2019

 

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

Plumbing

 

$

7.2

 

 

$

0.1

 

 

$

7.3

 

 

$

3.5

 

 

$

5.6

 

 

$

9.1

 

Doors & Security

 

 

3.2

 

 

 

0.5

 

 

 

3.7

 

 

 

1.6

 

 

 

2.0

 

 

 

3.6

 

Cabinets

 

 

4.7

 

 

 

2.6

 

 

 

7.3

 

 

 

6.1

 

 

 

1.1

 

 

 

7.2

 

Corporate

 

 

1.4

 

 

 

0.3

 

 

 

1.7

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

16.5

 

 

$

3.5

 

 

$

20.0

 

 

$

11.2

 

 

$

8.7

 

 

$

19.9

 

 

 

(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 nine months of 2020 largely related to headcount actions associated with COVID-19 across all of our segments and costs associated with changes in our manufacturing processes within our Plumbing segment. Restructuring and other charges in the first nine months of 2019 largely related to severance costs within our Plumbing and Cabinets segment and costs associated with closing facilities within our Plumbing and Doors & Security segments.

 

(In millions)

 

Three Months Ended September 30, 2020

 

 

Three Months Ended September 30, 2019

 

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

Plumbing

 

$

4.0

 

 

$

2.4

 

 

$

6.4

 

 

$

0.2

 

 

$

(0.2

)

 

$

—

 

Doors & Security

 

 

—

 

 

 

(0.3

)

 

 

(0.3

)

 

 

1.5

 

 

 

—

 

 

 

1.5

 

Cabinets

 

 

(2.4

)

 

 

0.3

 

 

 

(2.1

)

 

 

3.8

 

 

 

0.4

 

 

 

4.2

 

Total

 

$

1.6

 

 

$

2.4

 

 

$

4.0

 

 

$

5.5

 

 

$

0.2

 

 

$

5.7

 

 

 

(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.  

Restructuring and other charges in the third quarter of 2020 largely related to severance and other costs associated with changes in our manufacturing processes within our Plumbing segment partially offset by a credit related to severance costs due to the cancellation of a previously approved restructuring action within our Cabinets segment. Restructuring and other charges in the third quarter of 2019 largely related to severance costs within our Cabinets and Doors & Security segments.

Reconciliation of Restructuring Liability

 

(In millions)

 

Balance at

12/31/19

 

 

2020

Provision

 

 

Cash

Expenditures (a)

 

 

Non-Cash

Write-offs

 

 

Balance at

9/30/20

 

Workforce reduction costs

 

$

6.7

 

 

$

16.0

 

 

$

(12.2

)

 

$

—

 

 

$

10.5

 

Other

 

 

0.1

 

 

 

0.5

 

 

 

(0.6

)

 

 

—

 

 

 

—

 

 

 

$

6.8

 

 

$

16.5

 

 

$

(12.8

)

 

$

—

 

 

$

10.5

 

 

 

(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

9/30/19

 

Workforce reduction costs

 

$

9.9

 

 

$

10.2

 

 

$

(10.1

)

 

$

(0.1

)

 

$

9.9

 

Other

 

 

0.6

 

 

 

1.0

 

 

 

(1.2

)

 

 

—

 

 

 

0.4

 

 

 

$

10.5

 

 

$

11.2

 

 

$

(11.3

)

 

$

(0.1

)

 

$

10.3

 

 

 

(a)

Cash expenditures primarily relate to severance charges.