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Restructuring and Other Charges

3 Months Ended

Mar. 31, 2021

Restructuring And Related Activities [Abstract]

Restructuring and Other Charges

15. Restructuring and Other Charges

Pre-tax restructuring and other charges for the three months ended March 31, 2021 and 2020 are shown below.  

(In millions)		Three Months Ended March 31, 2021												Three Months Ended March 31, 2020
		Restructuring Charges				Other Charges (a)				Total Charges				Restructuring Charges				Other Charges (a)				Total Charges
Plumbing		$	—			$	1.5			$	1.5			$	0.3			$	(0.4	)		$	(0.1	)
Outdoors & Security			6.1				—				6.1				0.3				0.8				1.1
Cabinets			1.5				0.4				1.9				2.4				0.1				2.5
Corporate			—				—				—				1.5				0.3				1.8
Total		$	7.6			$	1.9			$	9.5			$	4.5			$	0.8			$	5.3

(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 2021 largely related to severance costs associated with the relocation of manufacturing facilities within our Cabinets and Outdoors & Security segments. Restructuring and other charges in the first quarter 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.

Reconciliation of Restructuring Liability

(In millions)		Balance at 12/31/20				2021 Provision				Cash Expenditures (a)				Non-Cash Write-offs				Balance at 3/31/21
Workforce reduction costs		$	6.9			$	6.5			$	(4.6	)		$	—			$	8.8
Other			0.7				1.1				(0.4	)			—				1.4
		$	7.6			$	7.6			$	(5.0	)		$	—			$	10.2

(a) Cash expenditures primarily relate to severance charges.

(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. 

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- References

No definition available.

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- 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

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