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Restructuring and Other Charges
 6 Months Ended
Jun. 30, 2021
Restructuring And Related Activities [Abstract]  
Restructuring and Other Charges

15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the six and three months ended June 30, 2021 and 2020 are shown below.  

 

(In millions)

 

Six Months Ended June 30, 2021

 

 

Six Months Ended June 30, 2020

 

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

Plumbing

 

$

—

 

 

$

1.6

 

 

$

1.6

 

 

$

3.2

 

 

$

(2.3

)

 

$

0.9

 

Outdoors & Security

 

 

6.1

 

 

 

—

 

 

 

6.1

 

 

 

3.1

 

 

 

0.8

 

 

 

3.9

 

Cabinets

 

 

1.8

 

 

 

2.6

 

 

 

4.4

 

 

 

7.1

 

 

 

2.3

 

 

 

9.4

 

Corporate

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1.5

 

 

 

0.3

 

 

 

1.8

 

Total

 

$

7.9

 

 

$

4.2

 

 

$

12.1

 

 

$

14.9

 

 

$

1.1

 

 

$

16.0

 

 

 

(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 six months 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 six months of 2020 largely related to headcount actions associated with COVID-19-related reductions in demand across all segments.

 

(In millions)

 

Three Months Ended June 30, 2021

 

 

Three Months Ended June 30, 2020

 

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

 

Restructuring

Charges

 

 

Other

Charges (a)

 

 

Total

Charges

 

Plumbing

 

$

—

 

 

$

0.2

 

 

$

0.2

 

 

$

2.9

 

 

$

(1.9

)

 

$

1.0

 

Outdoors & Security

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2.8

 

 

 

—

 

 

 

2.8

 

Cabinets

 

 

0.3

 

 

 

2.1

 

 

 

2.4

 

 

 

4.7

 

 

 

2.2

 

 

 

6.9

 

Total

 

$

0.3

 

 

$

2.3

 

 

$

2.6

 

 

$

10.4

 

 

$

0.3

 

 

$

10.7

 

 

(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 second quarter of 2021 largely related to costs associated with plant and office closures within our Cabinets segment. Restructuring and other charges in the second quarter of 2020 largely related to headcount actions associated with COVID-19-related reductions in demand across all segments.

Reconciliation of Restructuring Liability

 

(In millions)

 

Balance at

12/31/20

 

 

2021

Provision

 

 

Cash

Expenditures (a)

 

 

Non-Cash

Write-offs

 

 

Balance at

6/30/21

 

Workforce reduction costs

 

$

6.9

 

 

$

6.4

 

 

$

(7.9

)

 

$

—

 

 

$

5.4

 

Other

 

 

0.7

 

 

 

1.5

 

 

 

(0.9

)

 

 

—

 

 

 

1.3

 

Total

 

$

7.6

 

 

$

7.9

 

 

$

(8.8

)

 

$

—

 

 

$

6.7

 

 

(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

6/30/20

 

Workforce reduction costs

 

$

6.7

 

 

$

14.5

 

 

$

(7.2

)

 

$

—

 

 

$

14.0

 

Other

 

 

0.1

 

 

 

0.4

 

 

 

(0.4

)

 

 

—

 

 

 

0.1

 

Total

 

$

6.8

 

 

$

14.9

 

 

$

(7.6

)

 

$

—

 

 

$

14.1

 

 

(a)

Cash expenditures primarily relate to severance charges.