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Restructuring and Other Charges (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Pre-tax Restructuring and Other Charges (gains)

Pre-tax restructuring and other charges (gains) for the nine and three months ended September 30, 2022 and 2021 are shown below.

(In millions)		Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
		Restructuring Charges				Other Charges (Gains) (a)				Total Charges				Restructuring Charges				Other Charges (Gains) (a)				Total Charges
Water Innovations		$	3.8			$	0.7			$	4.5			$	-			$	2.8			$	2.8
Outdoors & Security			18.9				(6.1	)			12.8				8.5				(0.4	)			8.1
Cabinets			10.9				6.3				17.2				3.0				3.5				6.5
Corporate			(0.5	)			-				(0.5	)			-				-				-
Total		$	33.1			$	0.9			$	34.0			$	11.5			$	5.9			$	17.4

(a) “Other Charges (Gains)” 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.

(In millions)		Three Months Ended September 30, 2022												Three Months Ended September 30, 2021
		Restructuring Charges				Other Charges (Gains) (a)				Total Charges				Restructuring Charges				Other Charges (Gains) (a)				Total Charges
Water Innovations		$	2.9			$	-			$	2.9			$	-			$	1.2			$	1.2
Outdoors & Security			18.2				0.2				18.4				2.4				(0.4	)			2.0
Cabinets			9.6				3.9				13.5				1.2				0.9				2.1
Corporate			(0.5	)			-				(0.5	)			-				-				-
Total		$	30.2			$	4.1			$	34.3			$	3.6			$	1.7			$	5.3

(a) “Other Charges (Gains)” 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.

Reconciliation of Restructuring Liability

Reconciliation of Restructuring Liability

(In millions)		Balance at December 31, 2021				2022  Provision				Cash Expenditures (a)				Balance at September 30, 2022
Workforce reduction costs		$	4.7			$	24.5			$	(7.1	)		$	22.1
Other			1.0				8.6				(0.4	)			9.2
Total		$	5.7			$	33.1			$	(7.5	)		$	31.3

(a) Cash expenditures primarily relate to severance charges.

(In millions)		Balance at  December 31, 2020				2021  Provision				Cash Expenditures (a)				Balance at  September 30, 2021
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.

X

- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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