On January 18, 2025, we announced the decision to consolidate U.S. regional offices into one campus headquarters in Deerfield, Illinois. In connection with these consolidation activities and related organizational and personnel changes, the Company currently expects to incur certain cash and non-cash restructuring and other charges related to employee relocation, severance, retention, non-cash asset related costs, lease exit costs, and other transition activities estimated in the range of approximately $90 million to $105 million in the aggregate. For the fifty-two weeks ended December 27, 2025, we incurred total charges of $89.6 million, including cash charges of $71.6 million primarily related to severance and other exit costs, and non-cash charges of $18.0 million primarily related to acceleration of property, plant and equipment depreciation. The estimated ranges of restructuring and other charges are provisional and include management judgments and assumptions that could change as we execute our plans. Actual results may differ from these estimates, and the execution of our plan could result in additional charges.

Restructuring and other charges for the year ended December 27, 2025 were as follows:


	Year Ended December 27, 2025
			Other Charges (a)
(In millions)	Restructuring Charges		Cost of Products Sold		SG&A(b)		Asset Impairment		Total Charges
Water	$	21.0	$	—	$	3.8	$	3.5	$	28.3
Outdoors		5.5		8.2		7.2		—		20.9
Security		7.8		3.4		13.8		—		25.0
Corporate		18.1		—		16.8		—		34.9
Total	$	52.4	$	11.6	$	41.6	$	3.5	$	109.1

(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 or impairment 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 in 2025 are primarily due to $89.6 million of costs incurred in connection with the Company's headquarters consolidation and its related organizational changes, a product line rationalization in our Outdoors segment and plant closures in all of our segments.

Restructuring and other charges for the year ended December 28, 2024 were as follows:


	Year Ended December 28, 2024
			Other Charges (a)
(In millions)	Restructuring Charges		Cost of Products Sold		SG&A(b)		Total Charges
Water	$	5.9	$	2.6	$	—	$	8.5
Outdoors		5.0		14.8		—		19.8
Security		3.8		7.7		—		11.5
Corporate		1.5		—		—		1.5
Total	$	16.2	$	25.1	$	—	$	41.3

(a)

(b)

Selling, general and administrative expenses.

Restructuring and other charges in 2024 are largely related to a product-line rationalization within our Outdoors segment, the closure of a manufacturing facility within our Security segment and headcount-reduction actions across all segments.

Restructuring and other charges for the year ended December 30, 2023 were as follows:


	Year Ended December 30, 2023
			Other Charges (a)
(In millions)	Restructuring Charges		Cost of Products Sold			SG&A(b)		Total Charges
Water	$	2.2	$	2.6		$	—	$	4.8
Outdoors		4.2		(0.1	)		—		4.1
Security		25.4		19.2			—		44.6
Corporate		0.7		—			—		0.7
Total	$	32.5	$	21.7		$	—	$	54.2

(a)

(b)

Selling, general and administrative expenses.

Restructuring and other charges in 2023 were primarily attributable to costs associated with the closure of a manufacturing facility within our Security segment and headcount-reduction actions across all segments.

Reconciliation of Restructuring Liability


(In millions)	Balance at December 28, 2024		2025 Provision		Cash Expenditures (a)			Non-Cash Write-offs and Other			Balance at December 27, 2025
Workforce reduction costs	$	6.2	$	51.7	$	(30.7	)	$	-		$	27.2
Other		7.7		0.7		(7.4	)		(0.6	)		0.4
	$	13.9	$	52.4	$	(38.1	)	$	(0.6	)	$	27.6

(a)

Cash expenditures primarily related to severance charges.


(In millions)	Balance at December 30, 2023		2024 Provision		Cash Expenditures (a)			Non-Cash Write-offs			Balance at December 28, 2024
Workforce reduction costs	$	14.6	$	12.5	$	(20.9	)	$	—		$	6.2
Other		7.1		3.7		(2.5	)		(0.6	)		7.7
	$	21.7	$	16.2	$	(23.4	)	$	(0.6	)	$	13.9

(a)

Cash expenditures primarily related to severance charges.