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Restructuring and Other Charges (Tables)

3 Months Ended

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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- References

No definition available.

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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)
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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

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
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-Name Accounting Standards Codification
-Topic 420
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-Section 50
-Paragraph 1
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