XML 63 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Restructuring and Other Charges (Tables)
 12 Months Ended
Dec. 31, 2018
Pre-tax Restructuring and Other Charges
Pre-tax
 restructuring and other charges for the year ended December 31, 2018 were as follows:
 
  
 
 
Year Ended December 31, 2018
 
 
 
 
 
 
Other Charges 
(a)
 
 
 
 
(In millions)
 
Restructuring
Charges
 
 
Cost of
Products
Sold
 
 
SG&A
(b)
 
 
Total
Charges
 
Cabinets
 
$
16.8
 
 
$
9.1
 
 
$
0.3
 
 
$
26.2
 
Plumbing
 
 
2.6
 
 
 
0.6
 
 
 
0.1
 
 
 
3.3
 
Doors & Security
 
 
4.7
 
 
 
2.4
 
 
 
(1.2
) 
 
 
5.9
 
Total
 
$
24.1
 
 
$
12.1
 
 
$
(0.8
) 
 
$
35.4
 
 
(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 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 2018 are largely related to our initiatives to consolidate and rationalize our manufacturing footprint and discontinue certain product lines in our Cabinets segment and severance costs within all our segments.
Pre-tax
 restructuring and other charges for the year ended December 31, 2017 were as follows:
 
  
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
Other Charges 
(a)
 
 
 
 
(In millions)
 
Restructuring
Charges
 
 
Cost of
Products
Sold
 
 
SG&A
(b)
 
 
Total
Charges
 
Cabinets
 
$
1.4
 
 
$
1.6
 
 
$
2.2
 
 
$
5.2
 
Plumbing
 
 
2.8
 
 
 
—
 
 
 
—
 
 
 
2.8
 
Doors & Security
 
 
4.1
 
 
 
5.6
 
 
 
0.8
 
 
 
10.5
 
Total
 
$
8.3
 
 
$
7.2
 
 
$
3.0
 
 
$
18.5
 
 
(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, accelerated depreciation 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 2017, primarily related to losses on disposal of inventory associated with exiting a product line in our Doors & Security segment and exiting a customer relationship in our Cabinets segment, as well as severance costs within our Doors & Security, Plumbing and Cabinets segments.
Pre-tax
 restructuring and other charges for the year ended December 31, 2016 were as follows:
 
  
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
Other Charges 
(a)
 
 
 
 
(In millions)
 
Restructuring
Charges
 
 
Cost of
Products
Sold
 
 
SG&A
(b)
 
 
Total
Charges
 
Cabinets
 
$
1.8
 
 
$
—
 
 
$
—
 
 
$
1.8
 
Plumbing
 
 
1.6
 
 
 
0.3
 
 
 
0.2
 
 
 
2.1
 
Doors & Security
 
 
10.5
 
 
 
4.2
 
 
 
0.7
 
 
 
15.4
 
Total
 
$
13.9
 
 
$
4.5
 
 
$
0.9
 
 
$
19.3
 
 
(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, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.
 
(b)
Selling, general and administrative expenses
Reconciliation of Restructuring Liability
Reconciliation of Restructuring Liability
 
      
(In millions)
 
Balance at
12/31/17
 
 
2018
Provision
 
 
Cash
Expenditures 
(a)
 
 
Non-Cash
Write-offs 
(b)
 
 
Balance at
12/31/18
 
Workforce reduction costs
 
$
5.0
 
 
$
21.4
 
 
$
(16.3
) 
 
$
(0.2
) 
 
$
9.9
 
Other
 
 
0.8
 
 
 
2.7
 
 
 
(2.4
) 
 
 
(0.5
) 
 
 
0.6
 
 
 
$
5.8
 
 
$
24.1
 
 
$
(18.7
) 
 
$
(0.7
) 
 
$
10.5
 
 
(a)
 
Cash expenditures primarily related to severance charges.
 
(b)
Non-cash
 write-offs include long-lived asset impairment charges attributable to restructuring actions.
 
      
(In millions)
 
Balance at
12/31/16
 
 
2017
Provision
 
 
Cash
Expenditures 
(a)
 
 
Non-Cash
Write-offs 
(b)
 
 
Balance at
12/31/17
 
Workforce reduction costs
 
$
2.4
 
 
$
6.7
 
 
$
(3.9
) 
 
$
(0.2
) 
 
$
5.0
 
Other
 
 
0.6
 
 
 
1.6
 
 
 
(1.3
) 
 
 
(0.1
) 
 
 
0.8
 
 
 
$
3.0
 
 
$
8.3
 
 
$
(5.2
) 
 
$
(0.3
) 
 
$
5.8
 
 
(a)
 
Cash expenditures primarily related to severance charges.
 
(b)
Non-cash
 write-offs include long-lived asset impairment charges attributable to restructuring actions.