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Restructuring and Other Charges | 9 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | 15. Restructuring and Other Charges Pre-tax restructuring and other charges for the thirty-nine and thirteen weeks ended September 30, 2023 and nine and three months ended September 30, 2022 are shown below.
(In millions) |  | Thirty-Nine Weeks Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2022 |
|  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |
Water |  | $ | 1.3 |  |  | $ | 0.3 |  |  | $ | 1.6 |  |  | $ | 3.8 |  |  | $ | 0.7 |  |  | $ | 4.5 |
Outdoors |  |  | 3.1 |  |  |  | (0.4 | ) |  |  | 2.7 |  |  |  | 18.4 |  |  |  | (6.1 | ) |  |  | 12.3 |
Security |  |  | 23.8 |  |  |  | 12.7 |  |  |  | 36.5 |  |  |  | 0.5 |  |  |  | - |  |  |  | 0.5 |
Corporate |  |  | 0.7 |  |  |  | - |  |  |  | 0.7 |  |  |  | (0.5 | ) |  |  | 0.0 |  |  |  | (0.5 | )
Total |  | $ | 28.9 |  |  | $ | 12.6 |  |  | $ | 41.5 |  |  | $ | 22.2 |  |  | $ | (5.4 | ) |  | $ | 16.8 |
(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 thirty-nine weeks ended September 30, 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 nine months ended September 30, 2022 were largely related to severance, asset impairment and other costs associated with plant closures within our Outdoors business and headcount actions across all of our businesses.
(In millions) |  | Thirteen Weeks Ended September 30, 2023 |  |  | Three Months Ended September 30, 2022 |
|  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |
Water |  | $ | - |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 2.9 |  |  | $ | - |  |  | $ | 2.9 |
Outdoors |  |  | - |  |  |  | 1.4 |  |  |  | 1.4 |  |  |  | 17.7 |  |  |  | 0.2 |  |  |  | 17.9 |
Security |  |  | 3.7 |  |  |  | 5.1 |  |  |  | 8.8 |  |  |  | 0.5 |  |  |  | - |  |  |  | 0.5 |
Corporate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (0.5 | ) |  |  | - |  |  |  | (0.5 | )
Total |  | $ | 3.7 |  |  | $ | 6.6 |  |  | $ | 10.3 |  |  | $ | 20.6 |  |  | $ | 0.2 |  |  | $ | 20.8 |
(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 thirteen weeks ended September 30, 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 three months ended September 30, 2022 were largely related to severance, asset impairment and other costs associated with plant closures within our Outdoors business and headcount actions across all our businesses. Reconciliation of Restructuring Liability
(In millions) |  | Balance at December 31, 2022 |  |  | 2023 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at September 30, 2023 |
Workforce reduction costs |  | $ | 16.2 |  |  | $ | 16.6 |  |  | $ | (16.3 | ) |  |  | 0.6 |  |  | $ | 17.1 |
Other |  |  | 13.5 |  |  |  | 12.3 |  |  |  | (1.3 | ) |  |  | (15.7 | ) |  |  | 8.8 |
Total |  | $ | 29.7 |  |  | $ | 28.9 |  |  | $ | (17.6 | ) |  | $ | (15.1 | ) |  | $ | 25.9 |
(a) Cash expenditures primarily relate to severance charges.
(In millions) |  | Balance at December 31, 2021 |  |  | 2022 Provision |  |  | Cash Expenditures (a) |  |  | Balance at September 30, 2022 |
Workforce reduction costs |  | $ | 3.2 |  |  | $ | 14.0 |  |  | $ | (4.6 | ) |  | $ | 12.6 |
Other |  |  | 0.8 |  |  |  | 8.2 |  |  |  | - |  |  |  | 9.0 |
Total |  | $ | 4.0 |  |  | $ | 22.2 |  |  | $ | (4.6 | ) |  | $ | 21.6 |
(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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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