XML 130 R12.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Restructuring Costs | 12 Months Ended
--- | ---
Dec. 31, 2019
Restructuring and Related Activities [Abstract] |
Restructuring Costs | 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 ATP, which was initiated during the first quarter of 2018 and completed at the end of 2019, was designed in part, to divest the Company’s non-core consumer businesses and focus on the realignment of the Company’s management structure and overall cost structure as a result of the completed 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. Restructuring costs incurred during 2019 and 2018 are primarily related to the ATP. Other Restructuring In addition to the ATP, the Company has incurred restructuring costs for various other restructuring activities including the Jarden integration. The Jarden integration project was primarily focused on driving cost synergies in procurement, overhead functions and organizational changes designed to redefine the operating model of the Company from a holding company to an operating company. The restructuring costs for 2017 were mostly comprised of costs related to the Jarden integration and other restructuring activities. Restructuring Costs Restructuring costs incurred by reportable business segment for all restructuring activities in continuing operations for the years ended December 31, are as follows (in millions):
| 2019 |  | 2018 |  | 2017
Appliances and Cookware | $ | 2.1 |  |  | $ | 3.0 |  |  | $ | 6.2 |
Food and Commercial | 4.7 |  |  | 10.1 |  |  | 10.1 |
Home and Outdoor Living | 8.3 |  |  | 30.5 |  |  | 9.3 |
Learning and Development | 6.5 |  |  | 7.9 |  |  | 10.9 |
Other | — |  |  | — |  |  | 3.2 |
Corporate | 5.5 |  |  | 35.3 |  |  | 55.6 |
| $ | 27.1 |  |  | $ | 86.8 |  |  | $ | 95.3 |
Accrued restructuring costs activity for 2019 is as follows (in millions):
| Balance at December 31, 2018 |  | Restructuring Costs, Net |  | Payments |  | Reclassifications (1) |  | Foreign Currency and Other (2) |  | Balance at December 31, 2019
Employee severance and termination benefits | $ | 23.8 |  |  | $ | 20.2 |  |  | $ | (32.7 | ) |  | $ | — |  |  | $ | (1.1 | ) |  | $ | 10.2 |
Exited contractual commitments and other | 47.0 |  |  | 6.9 |  |  | (27.0 | ) |  | (13.8 | ) |  | (0.8 | ) |  | 12.3 |
| $ | 70.8 |  |  | $ | 27.1 |  |  | $ | (59.7 | ) |  | $ | (13.8 | ) |  | $ | (1.9 | ) |  | $ | 22.5 |
Accrued restructuring costs activity for 2018 is as follows (in millions):
| Balance at December 31, 2017 |  | Restructuring Costs, Net |  | Payments |  | Foreign Currency and Other (2) |  | Balance at December 31, 2018
Employee severance and termination benefits | $ | 52.4 |  |  | $ | 50.1 |  |  | $ | (53.3 | ) |  | $ | (25.4 | ) |  | $ | 23.8 |
Exited contractual commitments and other | 32.1 |  |  | 36.7 |  |  | (23.2 | ) |  | 1.4 |  |  | 47.0 |
| $ | 84.5 |  |  | $ | 86.8 |  |  | $ | (76.5 | ) |  | $ | (24.0 | ) |  | $ | 70.8 |
(1) | Reclassification due to the adoption of ASU 2016-02. See Footnote 1.
(2) Includes non-cash restructuring charges primarily related to stock-based awards of $1.3 million and $22.2 million for 2019 and 2018, respectively.

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