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Restructuring and Other Charges (Tables) | 3 Months Ended
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Mar. 29, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | estructuring and other charges for the thirteen weeks ended March 29, 2025 were as follows:
(In millions) |  | Thirteen Weeks Ended March 29, 2025 |
|  |  |  |  | Other Charges (a) |  |  |  |
|  | Restructuring Charges |  |  | Cost of Products Sold |  | SG&A (b) |  |  | Total Charges |
Water |  | $ | 9.6 |  |  | $ | 0.4 |  | $ | - |  |  | $ | 10.0 |
Outdoors |  |  | 2.5 |  |  |  | 5.6 |  |  | 1.0 |  |  |  | 9.1 |
Security |  |  | 3.9 |  |  |  | 3.3 |  |  | - |  |  |  | 7.2 |
Corporate |  |  | 8.8 |  |  |  | - |  |  | 3.7 |  |  |  | 12.5 |
Total |  | $ | 24.8 |  |  | $ | 9.3 |  | $ | 4.7 |  |  | $ | 38.8 |
(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 for the thirteen weeks ended March 30, 2024 were as follows:
(In millions) |  | Thirteen Weeks Ended March 30, 2024 |
|  |  |  |  | Other Charges (a) |  |  |  |
|  | Restructuring Charges |  |  | Cost of Products Sold |  | SG&A (b) |  |  | Total Charges |
Water |  | $ | 0.4 |  |  | $ | (0.5 | ) | $ | - |  |  | $ | (0.1 | )
Outdoors |  |  | 0.5 |  |  |  | 3.0 |  |  | - |  |  |  | 3.5 |
Security |  |  | 1.6 |  |  |  | 6.0 |  |  | - |  |  |  | 7.6 |
Corporate |  |  | 0.3 |  |  |  | - |  |  | - |  |  |  | 0.3 |
Total |  | $ | 2.8 |  |  | $ | 8.5 |  | $ | - |  |  | $ | 11.3 |
(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.
Reconciliation of Restructuring Liability | Reconciliation of Restructuring Liability
(In millions) |  | Balance at December 28, 2024 |  |  | 2025 Provision |  |  | Cash Payments (a) |  |  | Non-Cash Write-offs |  |  | Balance at March 29, 2025 |
Workforce reduction costs |  | $ | 6.2 |  |  | $ | 22.1 |  |  | $ | (3.0 | ) |  | $ | - |  |  | $ | 25.3 |
Other |  |  | 7.7 |  |  |  | 2.7 |  |  |  | - |  |  |  | (0.5 | ) |  |  | 9.9 |
Total |  | $ | 13.9 |  |  | $ | 24.8 |  |  | $ | (3.0 | ) |  | $ | (0.5 | ) |  | $ | 35.2 |
(a) Cash payments primarily relate to severance charges.
(In millions) |  | Balance at December 30, 2023 |  |  | 2024 Provision |  |  | Cash Payments (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 payments primarily relate to severance charges.

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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