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Restructuring and Other Charges
 12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges

17. Restructuring and Other Charges

Pre-tax restructuring and other charges for the year ended December 31, 2022 were as follows:

 

 

 

Year Ended December 31, 2022

 

 

 

 

 

 

 

Other Charges (a)

 

 

 

 

 

(In millions)

 

Restructuring
Charges

 

 

 

Cost of
Products
Sold

 

 

SG&A(b)

 

 

 

Total
Charges

 

Water Innovations

 

$

6.3

 

 

 

$

(0.2

)

 

$

0.8

 

 

 

$

6.9

 

Outdoors & Security

 

 

25.1

 

 

 

 

(6.2

)

 

 

—

 

 

 

 

18.9

 

Corporate

 

 

1.0

 

 

 

 

—

 

 

 

—

 

 

 

 

1.0

 

Total

 

$

32.4

 

 

 

$

(6.4

)

 

$

0.8

 

 

 

$

26.8

 

 

(a)
“Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, write-off of displays from exiting a customer relationship, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
(b)
Selling, general and administrative expenses.

Restructuring and other charges in 2022 are largely related to severance, asset impairment and other costs associated with plant closures and headcount actions across both segments.

Pre-tax restructuring and other charges for the year ended December 31, 2021 were as follows:

 

 

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

Other Charges (a)

 

 

 

 

 

(In millions)

 

Restructuring
Charges

 

 

 

Cost of
Products
Sold

 

 

SG&A(b)

 

 

 

Total
Charges

 

Water Innovations

 

$

(1.1

)

 

 

$

2.0

 

 

$

2.1

 

 

 

$

3.0

 

Outdoors & Security

 

 

10.4

 

 

 

 

—

 

 

 

(0.6

)

 

 

 

9.8

 

Total

 

$

9.3

 

 

 

$

2.0

 

 

$

1.5

 

 

 

$

12.8

 

 

 

(a)
“Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, write-off of displays from exiting a customer relationship, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
(b)
Selling, general and administrative expenses.

 

Restructuring and other charges in 2021 were largely related to severance costs associated with the relocation of manufacturing facilities within our Outdoors & Security segment.

Pre-tax restructuring and other charges for the year ended December 31, 2020 were as follows:

 

 

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

Other Charges (a)

 

 

 

 

 

(In millions)

 

Restructuring
Charges

 

 

 

Cost of
Products
Sold

 

 

SG&A(b)

 

 

 

Total
Charges

 

Water Innovations

 

$

6.0

 

 

 

$

4.4

 

 

$

(1.7

)

 

 

$

8.7

 

Outdoors & Security

 

 

3.0

 

 

 

 

0.9

 

 

 

—

 

 

 

 

3.9

 

Corporate

 

 

1.4

 

 

 

 

—

 

 

 

0.3

 

 

 

 

1.7

 

Total

 

$

10.4

 

 

 

$

5.3

 

 

$

(1.4

)

 

 

$

14.3

 

 

(a)
“Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, write-off of displays from exiting a customer relationship, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
(b)
Selling, general and administrative expenses.

Restructuring and other charges in 2020 largely related to headcount actions associated with COVID-19 across both segments and costs associated with changes in our manufacturing processes within our Water Innovations segment.

Reconciliation of Restructuring Liability

 

(In millions)

 

Balance at
12/31/21

 

 

2022
Provision

 

 

Cash
Expenditures (a)

 

 

Non-Cash
Write-offs

 

 

Balance at
12/31/22

 

Workforce reduction costs

 

$

3.2

 

 

$

19.4

 

 

$

(6.4

)

 

$

—

 

 

$

16.2

 

Other

 

 

0.8

 

 

 

13.0

 

 

 

(0.3

)

 

 

—

 

 

 

13.5

 

 

 

$

4.0

 

 

$

32.4

 

 

$

(6.7

)

 

$

—

 

 

$

29.7

 

 

(a)
Cash expenditures primarily related to severance charges.

 

(In millions)

 

Balance at
12/31/20

 

 

2021
Provision

 

 

Cash
Expenditures (a)

 

 

Non-Cash
Write-offs

 

 

Balance at
12/31/21

 

Workforce reduction costs

 

$

5.4

 

 

$

8.5

 

 

$

(10.7

)

 

$

—

 

 

$

3.2

 

Other

 

 

—

 

 

 

0.8

 

 

 

—

 

 

 

—

 

 

 

0.8

 

 

 

$

5.4

 

 

$

9.3

 

 

$

(10.7

)

 

$

—

 

 

$

4.0

 

 

(a)
Cash expenditures primarily related to severance charges.