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Restructuring and Other Charges | 6 Months Ended
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Jul. 01, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | 15. Restructuring and Other Charges Pre-tax restructuring and other charges for the twenty-six and thirteen weeks ended July 1, 2023 and six and three months ended June 30, 2022 are shown below.
(In millions) |  | Twenty-Six Weeks Ended July 1, 2023 |  |  | Six Months Ended June 30, 2022 |
|  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |
Water |  | $ | 1.3 |  |  | $ | 0.2 |  |  | $ | 1.5 |  |  | $ | 0.9 |  |  | $ | 0.8 |  |  | $ | 1.7 |
Outdoors |  |  | 3.0 |  |  |  | (1.7 | ) |  |  | 1.3 |  |  |  | 0.7 |  |  |  | (6.3 | ) |  |  | (5.6 | )
Security |  |  | 20.2 |  |  |  | 7.5 |  |  |  | 27.7 |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate |  |  | 0.7 |  |  |  | - |  |  |  | 0.7 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 25.2 |  |  | $ | 6.0 |  |  | $ | 31.2 |  |  | $ | 1.6 |  |  | $ | (5.5 | ) |  | $ | (3.9 | )
(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.
Restructuring and other charges (gains) in the first twenty-six weeks of 2023 are largely related to costs associated with the planned closure of a manufacturing facility within our Security segment and headcount actions across all segments. Restructuring and other charges (gains) in the first six months of 2022 were largely related to a gain on the sale of a previously closed manufacturing facility within our Outdoors segment, partially offset by severance actions within our Water and Outdoors segments.
(In millions) |  | Thirteen Weeks Ended July 1, 2023 |  |  | Three Months Ended June 30, 2022 |
|  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |
Water |  | $ | 1.1 |  |  | $ | 0.1 |  |  | $ | 1.2 |  |  | $ | 0.9 |  |  | $ | - |  |  | $ | 0.9 |
Outdoors |  |  | 1.5 |  |  |  | (1.7 | ) |  |  | (0.2 | ) |  |  | 0.1 |  |  |  | - |  |  |  | 0.1 |
Security |  |  | 19.6 |  |  |  | 7.5 |  |  |  | 27.1 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 22.2 |  |  | $ | 5.9 |  |  | $ | 28.1 |  |  | $ | 1.0 |  |  | $ | - |  |  | $ | 1.0 |
(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.
Restructuring and other charges (gains) in the second quarter of 2023 are largely related to costs associated with the planned closure of a manufacturing facility within our Security segment. Restructuring and other charges in the second quarter of 2022 were largely related to severance costs associated with headcount actions within our Water segment. Reconciliation of Restructuring Liability
(In millions) |  | Balance at December 31, 2022 |  |  | 2023 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at July 1, 2023 |
Workforce reduction costs |  | $ | 16.2 |  |  | $ | 14.2 |  |  | $ | (14.1 | ) |  |  | 0.7 |  |  | $ | 17.0 |
Other |  |  | 13.5 |  |  |  | 11.0 |  |  |  | (1.1 | ) |  |  | (14.3 | ) |  |  | 9.1 |
Total |  | $ | 29.7 |  |  | $ | 25.2 |  |  | $ | (15.2 | ) |  | $ | (13.6 | ) |  | $ | 26.1 |
(a) Cash expenditures primarily relate to severance charges.
(In millions) |  | Balance at December 31, 2021 |  |  | 2022 Provision |  |  | Cash Expenditures (a) |  |  | Balance at June 30, 2022 |
Workforce reduction costs |  | $ | 3.2 |  |  | $ | 1.6 |  |  | $ | (3.4 | ) |  | $ | 1.4 |
Other |  |  | 0.8 |  |  |  | - |  |  |  | - |  |  |  | 0.8 |
Total |  | $ | 4.0 |  |  | $ | 1.6 |  |  | $ | (3.4 | ) |  | $ | 2.2 |
(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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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