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Goodwill and Identifiable Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Change in Net Carrying Amount of Goodwill by Segment | The change in the net carrying amount of goodwill by segment was as follows:
(In millions) |  | Plumbing |  |  |  | Outdoors & Security |  |  |  | Cabinets |  |  |  | Total Goodwill |
Balance at December 31, 2018(a) |  | $ | 743.7 |  |  |  | $ | 412.6 |  |  |  | $ | 924.0 |  |  |  | $ | 2,080.3 |
2019 translation adjustments |  |  | 3.6 |  |  |  |  | 0.5 |  |  |  |  | 1.5 |  |  |  |  | 5.6 |
Acquisition-related adjustments |  |  | — |  |  |  |  | 4.3 |  |  |  |  | — |  |  |  |  | 4.3 |
Balance at December 31, 2019(a) |  | $ | 747.3 |  |  |  | $ | 417.4 |  |  |  | $ | 925.5 |  |  |  | $ | 2,090.2 |
2020 translation adjustments |  |  | 2.8 |  |  |  |  | 0.3 |  |  |  |  | 0.6 |  |  |  |  | 3.7 |
Acquisition-related adjustments |  |  | — |  |  |  |  | 300.9 |  |  |  |  | — |  |  |  |  | 300.9 |
Balance at December 31, 2020(a) |  | $ | 750.1 |  |  |  | $ | 718.6 |  |  |  | $ | 926.1 |  |  |  | $ | 2,394.8 |
(a) | Net of accumulated impairment losses of $399.5 million in the Outdoors & Security segment.
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets | The gross carrying value and accumulated amortization by class of intangible assets as of December 31, 2020 and 2019 were as follows:
|  |  | As of December 31, 2020 |  |  |  | As of December 31, 2019 |
(In millions) |  |  | Gross Carrying Amounts |  |  | Accumulated Amortization |  |  | Net Book Value |  |  |  | Gross Carrying Amounts |  |  | Accumulated Amortization |  |  | Net Book Value |
Indefinite-lived tradenames |  |  | $ | 711.0 |  |  | $ | — |  |  | $ | 711.0 |  |  |  | $ | 635.6 |  |  | $ | — |  |  | $ | 635.6 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  |  | 34.8 |  |  |  | (14.0 | ) |  |  | 20.8 |  |  |  |  | 20.6 |  |  |  | (12.9 | ) |  |  | 7.7 |
Customer and contractual relationships |  |  |  | 973.2 |  |  |  | (337.3 | ) |  |  | 635.9 |  |  |  |  | 803.9 |  |  |  | (299.6 | ) |  |  | 504.3 |
Patents/proprietary technology |  |  |  | 109.6 |  |  |  | (57.0 | ) |  |  | 52.6 |  |  |  |  | 73.4 |  |  |  | (52.1 | ) |  |  | 21.3 |
Total |  |  |  | 1,117.6 |  |  |  | (408.3 | ) |  |  | 709.3 |  |  |  |  | 897.9 |  |  |  | (364.6 | ) |  |  | 533.3 |
Total identifiable intangibles |  |  | $ | 1,828.6 |  |  | $ | (408.3 | ) |  | $ | 1,420.3 |  |  |  | $ | 1,533.5 |  |  | $ | (364.6 | ) |  | $ | 1,168.9 |
Significant Assumptions Used to Estimate the Fair Values of Tradenames Impaired | The significant assumptions used to estimate the fair values of the tradenames impaired during the years ended December 31, 2020 and 2019 were as follows:
|  | 2020 |  |  | 2019 |
Unobservable Input |  | Minimum |  |  | Maximum |  |  | Weighted Average(a) |  |  | Minimum |  |  | Maximum |  |  | Weighted Average(a) |
Discount rates |  |  | 14.8 | % |  |  | 15.8 | % |  |  | 15.1 | % |  |  | 13.0 | % |  |  | 13.5 | % |  |  | 13.3 | %
Royalty rates(b) |  |  | 4.0 | % |  |  | 5.0 | % |  |  | 4.3 | % |  |  | 3.0 | % |  |  | 4.0 | % |  |  | 3.3 | %
Long-term revenue growth rates(c) |  |  | 1.0 | % |  |  | 3.0 | % |  |  | 1.6 | % |  |  | 3.0 | % |  |  | 3.0 | % |  |  | 3.0 | %
(a) Weighted by relative fair value of the impaired tradenames. (b) Represents estimated percentage of sales a market-participant would pay to license the impaired tradenames. (c) Selected long-term revenue growth rate within 10-year projection period of the impaired tradenames.

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