XML 29 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

Restructuring Costs | 3 Months Ended
--- | ---
Mar. 31, 2019
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Footnote 4 — Restructuring Costs 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. Accelerated Transformation Plan The Company’s Accelerated Transformation Plan, which was initiated during the first quarter of 2018, was designed in part, to divest the Company’s industrial and commercial product assets and non-core consumer businesses. The Accelerated Transformation Plan also focuses on the realignment of the Company’s management structure and overall cost structure as a result of the completed and planned divestitures. Restructuring costs associated with the transformation plan include employee-related costs, including severance, retirement and other termination benefits, contract termination costs and other costs. Other Restructuring In addition to the Accelerated Transformation Plan, the Company has incurred restructuring costs for various other restructuring activities. Restructuring Costs Restructuring costs incurred by reportable business segments for all restructuring activities in continuing operations for the periods indicated are as follows (in millions):
|  | Three Months Ended March 31, |
|  | 2019 |  |  | 2018 |
Food and Appliances |  | $ | 1.8 |  |  | $ | 0.6 |
Home and Outdoor Living |  |  | 2.5 |  |  |  | 0.8 |
Learning and Development |  |  | 3.8 |  |  |  | 2.1 |
Corporate |  |  | 2.8 |  |  |  | 1.9 |
|  | $ | 10.9 |  |  | $ | 5.4 |
Restructuring costs incurred during the three months ended March 31, 2019 and 2018 primarily relate to the Accelerated Transformation Plan. Accrued restructuring costs activity for the three months ended March 31, 2019 are as follows (in millions):
|  | Balance at December 31, 2018 |  |  | Restructuring Costs, Net |  |  | Payments |  |  | Reclassification (1) |  |  | Foreign Currency and Other |  |  | Balance at March 31, 2019 |
Employee severance, termination benefits and relocation costs |  | $ | 20.6 |  |  | $ | 7.0 |  |  | $ | (11.3 | ) |  | $ | — |  |  | $ | (0.5 | ) |  | $ | 15.8 |
Exited contractual commitments and other |  |  | 46.6 |  |  |  | 3.9 |  |  |  | (7.9 | ) |  |  | (12.9 | ) |  |  | (0.8 | ) |  |  | 28.9 |
|  | $ | 67.2 |  |  | $ | 10.9 |  |  | $ | (19.2 | ) |  | $ | (12.9 | ) |  | $ | (1.3 | ) |  | $ | 44.7 |
(1) | Reclassification due to the adoption of ASU 2016-02 (see Footnote 1)

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration