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Restructuring and Other Charges | 3 Months Ended
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Mar. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | 15. Restructuring and Other Charges Pre-tax restructuring and other charges (gains) for the thirteen weeks ended March 30, 2024 and April 1, 2023 are shown below.
(In millions) |  | March 30, 2024 |  |  | April 1, 2023 |
|  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |  |  | Restructuring Charges |  |  | Other Charges (Gains) (a) |  |  | Total Charges |
Water |  | $ | 0.4 |  |  | $ | (0.5 | ) |  | $ | (0.1 | ) |  | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | 0.3 |
Outdoors |  |  | 0.5 |  |  |  | 3.0 |  |  |  | 3.5 |  |  |  | 1.5 |  |  |  | — |  |  |  | 1.5 |
Security |  |  | 1.6 |  |  |  | 6.0 |  |  |  | 7.6 |  |  |  | 0.7 |  |  |  | — |  |  |  | 0.7 |
Corporate |  |  | 0.3 |  |  |  | — |  |  |  | 0.3 |  |  |  | 0.7 |  |  |  | — |  |  |  | 0.7 |
Total |  | $ | 2.8 |  |  | $ | 8.5 |  |  | $ | 11.3 |  |  | $ | 3.1 |  |  | $ | 0.1 |  |  | $ | 3.2 |
(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) for the thirteen weeks ended March 30, 2024 are largely related to costs associated with the previously announced planned closure of a manufacturing facility within our Security segment, a product line rationalization within our Outdoors segment and headcount actions across all segments. Restructuring and other charges (gains) for the thirteen weeks ended April 1, 2023 were largely related to severance costs associated with the relocation of manufacturing facilities in the Outdoors segment and headcount actions across all segments. Reconciliation of Restructuring Liability
(In millions) |  | Balance at December 30, 2023 |  |  | 2024 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at March 30, 2024 |
Workforce reduction costs |  | $ | 14.6 |  |  | $ | 1.7 |  |  | $ | (9.1 | ) |  | $ | (0.2 | ) |  | $ | 7.0 |
Other |  |  | 7.1 |  |  |  | 1.1 |  |  |  | (0.5 | ) |  |  | (0.2 | ) |  |  | 7.5 |
Total |  | $ | 21.7 |  |  | $ | 2.8 |  |  | $ | (9.6 | ) |  | $ | (0.4 | ) |  | $ | 14.5 |
(a) Cash expenditures primarily relate to severance charges.
(In millions) |  | Balance at December 31, 2022 |  |  | 2023 Provision |  |  | Cash Expenditures (a) |  |  | Non-Cash Write-offs |  |  | Balance at April 1, 2023 |
Workforce reduction costs |  | $ | 16.2 |  |  | $ | 2.3 |  |  | $ | (11.1 | ) |  | $ | 0.7 |  |  | $ | 8.1 |
Other |  |  | 13.5 |  |  |  | 0.8 |  |  |  | (0.7 | ) |  |  | (13.6 | ) |  |  | — |
Total |  | $ | 29.7 |  |  | $ | 3.1 |  |  | $ | (11.8 | ) |  | $ | (12.9 | ) |  | $ | 8.1 |
(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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