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Restructuring Costs | 9 Months Ended
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Sep. 30, 2013
Restructuring Cost and Reserve [Line Items] |
Restructuring Costs | Restructuring Costs Project Renewal In October 2011, the Company announced Project Renewal, a program designed to reduce the complexity of the organization and increase investment in growth platforms within the business. Project Renewal is designed to simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. In connection with the program, the Company eliminated its operating groups and consolidated its 13 global business units into five business segments. In addition, the Company is consolidating certain manufacturing facilities and distribution centers as part of the program, with the goal of increasing operational efficiency, reducing costs and improving gross margin. Cumulative pretax costs of Project Renewal are expected to be $340 to $375 million, of which $300 to $340 million are cash costs. Approximately 75% of the total cash costs are expected to be employee-related cash costs, including severance, retirement, and other termination benefits and costs. Project Renewal is expected to be complete by mid-2015. The following table depicts the restructuring charges incurred in connection with Project Renewal (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  | Since Inception Through
| 2013 (1) |  | 2012 (1) |  | 2013 (1) |  | 2012 (1) |  | September 30, 2013 (1)
Facility and other exit costs, including impairments | $ | 1.7 |  |  | $ | (0.6 | ) |  | $ | 4.0 |  |  | $ | (0.6 | ) |  | $ | 11.0 |
Employee severance, termination benefits and relocation costs | 25.9 |  |  | 4.6 |  |  | 80.5 |  |  | 15.6 |  |  | 123.4 |
Exited contractual commitments and other | 3.7 |  |  | 1.7 |  |  | 14.3 |  |  | 7.2 |  |  | 27.6 |
| $ | 31.3 |  |  | $ | 5.7 |  |  | $ | 98.8 |  |  | $ | 22.2 |  |  | $ | 162.0 |
(1) Restructuring costs included in discontinued operations were $(0.2) million and $1.4 million for the three months ended September 30, 2013 and 2012, respectively, and $0.9 million and $3.1 million for the nine months ended September 30, 2013 and 2012, respectively. Since inception through September 30, 2013, restructuring costs included in discontinued operations were $6.2 million. Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2013 (in millions):
|  | December 31, 2012 |  |  |  |  |  | September 30, 2013
|  | Balance |  | Provision |  | Costs Incurred |  | Balance
Facility and other exit costs, including impairments |  | $ | — |  |  | $ | 4.0 |  |  | $ | (4.0 | ) |  | $ | — |
Employee severance, termination benefits and relocation costs |  | 19.0 |  |  | 80.5 |  |  | (32.3 | ) |  | 67.2 |
Exited contractual commitments and other |  | 4.3 |  |  | 14.3 |  |  | (10.5 | ) |  | 8.1 |
|  | $ | 23.3 |  |  | $ | 98.8 |  |  | $ | (46.8 | ) |  | $ | 75.3 |
The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2013 aggregated by reportable business segment (in millions):
|  | December 31, 2012 |  |  |  |  |  | September 30, 2013
Segment |  | Balance |  | Provision |  | Costs Incurred |  | Balance
Writing |  | $ | 3.4 |  |  | $ | 34.8 |  |  | $ | (5.1 | ) |  | $ | 33.1 |
Home Solutions |  | 8.5 |  |  | 3.6 |  |  | (10.8 | ) |  | 1.3 |
Tools |  | 0.2 |  |  | 3.3 |  |  | (2.3 | ) |  | 1.2 |
Commercial Products |  | 1.4 |  |  | 4.3 |  |  | (1.8 | ) |  | 3.9 |
Baby & Parenting |  | 0.9 |  |  | 2.2 |  |  | (1.2 | ) |  | 1.9 |
Corporate |  | 8.9 |  |  | 50.6 |  |  | (25.6 | ) |  | 33.9 |
|  | $ | 23.3 |  |  | $ | 98.8 |  |  | $ | (46.8 | ) |  | $ | 75.3 |
European Transformation Plan In June 2010, the Company announced a program to centralize its European business (the “European Transformation Plan”). The European Transformation Plan includes initiatives designed to transform the European organizational structure and processes to centralize certain operating activities, improve performance, leverage the benefits of scale, and to contribute to a more efficient and cost-effective implementation of an enterprise resource planning program in Europe, all with the aim of increasing operating margin in the European region to approximately 10%. The implementation of the European Transformation Plan was complete as of December 31, 2012. Cumulative restructuring costs over the life of the initiative were $35.9 million. Restructuring charges (adjustments) in connection with the European Transformation Plan were $6.6 million for the three months ended September 30, 2012 and $(1.8) million and $12.2 million for the nine months ended September 30, 2013 and 2012, respectively, and are reported in the Corporate segment. Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for the European Transformation Plan for the nine months ended September 30, 2013 (in millions):
| December 31, 2012 |  | Provision |  |  |  | September 30, 2013
| Balance |  | (Adjustment) |  | Costs Incurred |  | Balance
Employee severance, termination benefits and relocation costs | $ | 10.9 |  |  | $ | (3.4 | ) |  | $ | (4.7 | ) |  | $ | 2.8 |
Exited contractual commitments and other | 2.0 |  |  | 1.6 |  |  | (2.8 | ) |  | 0.8 |
| $ | 12.9 |  |  | $ | (1.8 | ) |  | $ | (7.5 | ) |  | $ | 3.6 |
The table below shows restructuring costs recognized for all restructuring activities in continuing operations for the periods indicated, aggregated by reportable business segment (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
Segment |  | 2013 |  | 2012 |  | 2013 (2) |  | 2012
Writing |  | $ | 14.1 |  |  | $ | 1.3 |  |  | $ | 34.8 |  |  | $ | 2.7 |
Home Solutions |  | 1.6 |  |  | 0.2 |  |  | 3.6 |  |  | 10.1 |
Tools |  | 2.1 |  |  | 0.2 |  |  | 4.8 |  |  | 0.8 |
Commercial Products |  | 1.8 |  |  | 2.5 |  |  | 4.3 |  |  | 4.6 |
Baby & Parenting |  | 2.2 |  |  | 0.5 |  |  | 2.2 |  |  | 0.7 |
Corporate |  | 9.5 |  |  | 7.6 |  |  | 48.0 |  |  | 15.5 |
|  | $ | 31.3 |  |  | $ | 12.3 |  |  | $ | 97.7 |  |  | $ | 34.4 |
(2) Includes adjustments of $0.7 million relating to Project Acceleration that had the impact of increasing restructuring costs for the nine months ended September 30, 2013. Cash paid for all restructuring activities was $11.4 million and $50.9 million for the three and nine month periods ended September 30, 2013, respectively, and $9.5 million and $31.9 million for the three and nine month periods ended September 30, 2012.

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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/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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