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Goodwill and Identifiable Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2021
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 |
Goodwill at December 31, 2020(a) |  | $ | 750.1 |  |  | $ | 718.6 |  |  | $ | 926.1 |  |  | $ | 2,394.8 |
Year-to-date translation adjustments |  |  | 3.5 |  |  |  | 0.7 |  |  |  | 1.6 |  |  |  | 5.8 |
Acquisition-related adjustments |  |  | 65.5 |  |  |  | 4.5 |  |  |  | — |  |  |  | 70.0 |
Goodwill at June 30, 2021(a) |  | $ | 819.1 |  |  | $ | 723.8 |  |  | $ | 927.7 |  |  | $ | 2,470.6 |
| (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 identifiable intangible assets as of June 30, 2021 and December 31, 2020 were as follows:
(In millions) |  | As of June 30, 2021 |  |  | As of December 31, 2020 |
|  | Gross Carrying Amounts |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amounts |  |  | Accumulated Amortization |  |  | Net Book Value |
Indefinite-lived tradenames |  | $ | 713.6 |  |  | $ | — |  |  | $ | 713.6 |  |  | $ | 711.0 |  |  | $ | — |  |  | $ | 711.0 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 37.6 |  |  |  | (15.1 | ) |  |  | 22.5 |  |  |  | 34.8 |  |  |  | (14.0 | ) |  |  | 20.8 |
Customer and contractual relationships |  |  | 980.0 |  |  |  | (363.9 | ) |  |  | 616.1 |  |  |  | 973.2 |  |  |  | (337.3 | ) |  |  | 635.9 |
Patents/proprietary technology |  |  | 133.0 |  |  |  | (64.6 | ) |  |  | 68.4 |  |  |  | 109.6 |  |  |  | (57.0 | ) |  |  | 52.6 |
Total |  |  | 1,150.6 |  |  |  | (443.6 | ) |  |  | 707.0 |  |  |  | 1,117.6 |  |  |  | (408.3 | ) |  |  | 709.3 |
Total identifiable intangibles |  | $ | 1,864.2 |  |  | $ | (443.6 | ) |  | $ | 1,420.6 |  |  | $ | 1,828.6 |  |  | $ | (408.3 | ) |  | $ | 1,420.3 |
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 year ended December 31, 2020 were as follows:
|  | 2020 |
Unobservable Input |  | Minimum |  |  | Maximum |  |  | Weighted Average(a) |
Discount rate |  |  | 14.8 | % |  |  | 15.8 | % |  |  | 15.1 | %
Royalty rate(b) |  |  | 4.0 | % |  |  | 5.0 | % |  |  | 4.3 | %
Long-term revenue growth rate(c) |  |  | 1.0 | % |  |  | 3.0 | % |  |  | 1.6 | %
(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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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
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