XML 41 R26.htm IDEA: XBRL DOCUMENT
v3.20.4

Restructuring and Other Charges | 12 Months Ended
--- | ---
Dec. 31, 2020
Restructuring And Related Activities [Abstract] |
Restructuring and Other Charges | 16. Restructuring and Other Charges Pre-tax restructuring and other charges for the year ended December 31, 2020 were as follows:
|  | Year Ended December 31, 2020 |
|  |  |  |  |  |  | Other Charges (a) |  |  |  |  |  |
(In millions) |  | Restructuring Charges |  |  |  | Cost of Products Sold |  |  | SG&A(b) |  |  |  | Total Charges |
Plumbing |  | $ | 6.0 |  |  |  | $ | 4.4 |  |  | $ | (1.7 | ) |  |  | $ | 8.7 |
Outdoors & Security |  |  | 3.0 |  |  |  |  | 0.9 |  |  |  | — |  |  |  |  | 3.9 |
Cabinets |  |  | 5.5 |  |  |  |  | 5.1 |  |  |  | 0.2 |  |  |  |  | 10.8 |
Corporate |  |  | 1.4 |  |  |  |  | — |  |  |  | 0.3 |  |  |  |  | 1.7 |
Total |  | $ | 15.9 |  |  |  | $ | 10.4 |  |  | $ | (1.2 | ) |  |  | $ | 25.1 |
(a) | “Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, write-off of displays from exiting a customer relationship, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
(b) | Selling, general and administrative expenses
Restructuring and other charges in 2020 are largely related to headcount actions associated with COVID-19 across all segments and costs associated with changes in our manufacturing processes within our Plumbing segment. Pre-tax restructuring and other charges for the year ended December 31, 2019 were as follows:
|  | Year Ended December 31, 2019 |
|  |  |  |  |  |  | Other Charges (a) |  |  |  |  |  |
(In millions) |  | Restructuring Charges |  |  |  | Cost of Products Sold |  |  | SG&A(b) |  |  |  | Total Charges |
Plumbing |  | $ | 2.8 |  |  |  | $ | 2.6 |  |  | $ | 2.8 |  |  |  | $ | 8.2 |
Outdoors & Security |  |  | 1.7 |  |  |  |  | 1.6 |  |  |  | — |  |  |  |  | 3.3 |
Cabinets |  |  | 10.2 |  |  |  |  | (0.1 | ) |  |  | 0.6 |  |  |  |  | 10.7 |
Total |  | $ | 14.7 |  |  |  | $ | 4.1 |  |  | $ | 3.4 |  |  |  | $ | 22.2 |
(a) | “Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, write-off of displays from exiting a customer relationship, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
(b) | Selling, general and administrative expenses
Restructuring and other charges in 2019 are largely related to severance costs and costs associated with closing facilities across all our segments. Pre-tax restructuring and other charges for the year ended December 31, 2018 were as follows:
|  | Year Ended December 31, 2018 |
|  |  |  |  |  |  | Other Charges (a) |  |  |  |  |  |
(In millions) |  | Restructuring Charges |  |  |  | Cost of Products Sold |  |  | SG&A(b) |  |  |  | Total Charges |
Plumbing |  | $ | 2.6 |  |  |  | $ | 0.6 |  |  | $ | 0.1 |  |  |  | $ | 3.3 |
Outdoors & Security |  |  | 4.7 |  |  |  |  | 2.4 |  |  |  | (1.2 | ) |  |  |  | 5.9 |
Cabinets |  |  | 16.8 |  |  |  |  | 9.1 |  |  |  | 0.3 |  |  |  |  | 26.2 |
Total |  | $ | 24.1 |  |  |  | $ | 12.1 |  |  | $ | (0.8 | ) |  |  | $ | 35.4 |
(a) | “Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, write-off of displays from exiting a customer relationship, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
(b) | Selling, general and administrative expenses
Restructuring and other charges in 2018 are primarily related to initiatives to consolidate and rationalize our manufacturing footprint and discontinue certain product lines in our Cabinets segment and severance costs within all our segments. Reconciliation of Restructuring Liability
(In millions) |  | Balance at 12/31/19 |  |  | 2020 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at 12/31/20 |
Workforce reduction costs |  | $ | 6.7 |  |  | $ | 14.6 |  |  | $ | (14.4 | ) |  | $ | - |  |  | $ | 6.9 |
Other |  |  | 0.1 |  |  |  | 1.3 |  |  |  | (0.7 | ) |  |  | - |  |  |  | 0.7 |
|  | $ | 6.8 |  |  | $ | 15.9 |  |  | $ | (15.1 | ) |  | $ | - |  |  | $ | 7.6 |
(a) | Cash expenditures primarily related to severance charges.
(In millions) |  | Balance at 12/31/18 |  |  | 2019 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at 12/31/19 |
Workforce reduction costs |  | $ | 9.9 |  |  | $ | 13.5 |  |  | $ | (16.6 | ) |  | $ | (0.1 | ) |  | $ | 6.7 |
Other |  |  | 0.6 |  |  |  | 1.2 |  |  |  | (1.4 | ) |  |  | (0.3 | ) |  |  | 0.1 |
|  | $ | 10.5 |  |  | $ | 14.7 |  |  | $ | (18.0 | ) |  | $ | (0.4 | ) |  | $ | 6.8 |
(a) | Cash expenditures primarily related to severance charges.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration