XML 27 R11.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Restructuring Costs | 3 Months Ended
--- | ---
Mar. 31, 2016
Restructuring Cost and Reserve [Line Items] |
Restructuring Costs | Restructuring Costs Project Renewal Project Renewal was launched in October 2011 to reduce the complexity of the organization and increase investment in growth platforms within the business. Under Project Renewal, the Company is simplifying and aligning its businesses around two key activities, Brand & Category Development and Market Execution & Delivery; simplifying and streamlining the supply chain and overhead and partnering functions to align with the new structure; and optimizing its selling and trade marketing functions. Cumulative costs of Project Renewal are expected to be approximately $690.0 million to $725.0 million pretax, with cash costs of approximately $645.0 million to $675.0 million. Approximately 60% to 70% of the total costs are expected to be restructuring costs, a majority of which 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 the end of 2017. The following table depicts the restructuring charges incurred in connection with Project Renewal for the periods indicated (in millions):
|  | Three Months Ended March 31, |  | Since Inception Through
|  | 2016 |  | 2015 |  | March 31, 2016
Facility and other exit costs, including impairments |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | 27.7 |
Employee severance, termination benefits and relocation costs |  | (1.5 | ) |  | 18.9 |  |  | 217.0 |
Exited contractual commitments and other |  | 12.3 |  |  | 8.1 |  |  | 76.2 |
|  | $ | 11.1 |  |  | $ | 27.3 |  |  | $ | 320.9 |
Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management and are periodically updated for changes. Restructuring amounts also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2016 (in millions):
|  | December 31, 2015 |  |  |  |  |  | March 31, 2016
|  | Balance |  | Provision |  | Costs Incurred |  | Balance
Facility and other exit costs, including impairments |  | $ | — |  |  | $ | 0.3 |  |  | $ | (0.3 | ) |  | $ | — |
Employee severance, termination benefits and relocation costs |  | 49.3 |  |  | (1.5 | ) |  | (11.9 | ) |  | 35.9 |
Exited contractual commitments and other |  | 17.3 |  |  | 12.3 |  |  | (2.5 | ) |  | 27.1 |
|  | $ | 66.6 |  |  | $ | 11.1 |  |  | $ | (14.7 | ) |  | $ | 63.0 |
The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2016 aggregated by reportable business segment (in millions):
|  | December 31, 2015 |  |  |  |  |  | March 31, 2016
Segment |  | Balance |  | Provision |  | Costs Incurred |  | Balance
Writing |  | $ | 14.0 |  |  | $ | 4.8 |  |  | $ | (0.5 | ) |  | $ | 18.3 |
Home Solutions |  | 5.1 |  |  | 0.3 |  |  | (0.9 | ) |  | 4.5 |
Tools |  | 4.3 |  |  | 1.4 |  |  | (1.0 | ) |  | 4.7 |
Commercial Products |  | 3.8 |  |  | — |  |  | (2.1 | ) |  | 1.7 |
Baby & Parenting |  | — |  |  | 4.1 |  |  | (0.1 | ) |  | 4.0 |
Corporate (including discontinued operations) |  | 39.4 |  |  | 0.5 |  |  | (10.1 | ) |  | 29.8 |
|  | $ | 66.6 |  |  | $ | 11.1 |  |  | $ | (14.7 | ) |  | $ | 63.0 |
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
|  | March 31,
Segment |  | 2016 |  | 2015
Writing |  | $ | 11.1 |  |  | $ | 2.8 |
Home Solutions |  | 0.6 |  |  | 4.8 |
Tools |  | 1.4 |  |  | — |
Commercial Products |  | — |  |  | 0.5 |
Baby & Parenting |  | 4.1 |  |  | — |
Corporate |  | 0.5 |  |  | 19.2 |
|  | $ | 17.7 |  |  | $ | 27.3 |
Cash paid for all restructuring activities was $15.0 million and $14.7 million for the three months ended March 31, 2016 and 2015, respectively.

X
- 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 Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: 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=27011515&loc=d3e140864-122747 Reference 3: 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RestructuringCostAndReserveLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration