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Restructuring and Other Charges | 9 Months Ended
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Sep. 30, 2021
Restructuring And Related Activities [Abstract] |
Restructuring and Other Charges |
1 5. | Restructuring and Other Charges
Pre-tax restructuring and other charges for the nine and three months ended September 30, 2021 and 2020 are shown below.
(In millions) |  | Nine Months Ended September 30, 2021 |  |  | Nine Months Ended September 30, 2020 |
|  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |
Plumbing |  | $ | — |  |  | $ | 2.8 |  |  | $ | 2.8 |  |  | $ | 7.2 |  |  | $ | 0.1 |  |  | $ | 7.3 |
Outdoors & Security |  |  | 8.5 |  |  |  | (0.4 | ) |  |  | 8.1 |  |  |  | 3.2 |  |  |  | 0.5 |  |  |  | 3.7 |
Cabinets |  |  | 3.0 |  |  |  | 3.5 |  |  |  | 6.5 |  |  |  | 4.7 |  |  |  | 2.6 |  |  |  | 7.3 |
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1.4 |  |  |  | 0.3 |  |  |  | 1.7 |
Total |  | $ | 11.5 |  |  | $ | 5.9 |  |  | $ | 17.4 |  |  | $ | 16.5 |  |  | $ | 3.5 |  |  | $ | 20.0 |
| (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 nine months of 2021 largely related to severance costs associated with the relocation of manufacturing facilities within our Outdoors & Security and Cabinets segments. Restructuring and other charges in the first nine months of 2020 largely related to headcount actions associated with COVID-19-related reductions in demand across all segments and costs associated with changes in our manufacturing processes within our Plumbing segment.
(In millions) |  | Three Months Ended September 30, 2021 |  |  | Three Months Ended September 30, 2020 |
|  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (a) |  |  | Total Charges |
Plumbing |  | $ | — |  |  | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | 4.0 |  |  | $ | 2.4 |  |  | $ | 6.4 |
Outdoors & Security |  |  | 2.4 |  |  |  | (0.4 | ) |  |  | 2.0 |  |  |  | - |  |  |  | (0.3 | ) |  |  | (0.3 | )
Cabinets |  |  | 1.2 |  |  |  | 0.9 |  |  |  | 2.1 |  |  |  | (2.4 | ) |  |  | 0.3 |  |  |  | (2.1 | )
Total |  | $ | 3.6 |  |  | $ | 1.7 |  |  | $ | 5.3 |  |  | $ | 1.6 |  |  | $ | 2.4 |  |  | $ | 4.0 |
| (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 third quarter of 2021 largely related to severance costs associated with headcount actions within our Outdoors & Security and Cabinets segments. Restructuring and other charges in the third quarter of 2020 largely related to headcount actions associated with COVID-19-related reductions in demand across all segments and other costs associated with changes in our manufacturing processes within our Plumbing segment, partially offset by a credit related to severance costs due to the cancellation of the previously approved restructuring action within our Cabinets segment. Reconciliation of Restructuring Liability
(In millions) |  | Balance at 12/31/20 |  |  | 2021 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at 9/30/21 |
Workforce reduction costs |  | $ | 6.9 |  |  | $ | 9.6 |  |  | $ | (11.2 | ) |  | $ | — |  |  | $ | 5.3 |
Other |  |  | 0.7 |  |  |  | 1.9 |  |  |  | (1.5 | ) |  |  | — |  |  |  | 1.1 |
Total |  | $ | 7.6 |  |  | $ | 11.5 |  |  | $ | (12.7 | ) |  | $ | — |  |  | $ | 6.4 |
| (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 9/30/20 |
Workforce reduction costs |  | $ | 6.7 |  |  | $ | 16.0 |  |  | $ | (12.2 | ) |  | $ | — |  |  | $ | 10.5 |
Other |  |  | 0.1 |  |  |  | 0.5 |  |  |  | (0.6 | ) |  |  | — |  |  |  | — |
Total |  | $ | 6.8 |  |  | $ | 16.5 |  |  | $ | (12.8 | ) |  | $ | — |  |  | $ | 10.5 |
| (a) | Cash expenditures primarily relate to severance charges.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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