Restructuring and Other Charges (Tables)

6 Months Ended

Jun. 28, 2025

Restructuring and Related Activities [Abstract]

Total restructuring and other charges (gains) for the twenty-six and thirteen weeks ended June 28, 2025, and June 29, 2024, are shown below.


(In millions)	Twenty-Six Weeks Ended June 28, 2025
			Other Charges (Gains) (a)
	Restructuring Charges		Cost of Products Sold		SG&A (b)		Total Charges
Water	$	15.8	$	0.5	$	3.2	$	19.5
Outdoors		4.7		5.8		5.2		15.7
Security		5.7		3.7		1.4		10.8
Corporate		12.3		-		8.0		20.3
Total	$	38.5	$	10.0	$	17.8	$	66.3


(In millions)	Twenty-Six Weeks Ended June 29, 2024
			Other Charges (Gains) (a)
	Restructuring Charges		Cost of Products Sold		SG&A (b)		Total Charges
Water	$	1.6	$	0.9	$	-	$	2.5
Outdoors		2.5		12.4		-		14.9
Security		2.2		7.2		-		9.4
Corporate		0.4		-		-		0.4
Total	$	6.7	$	20.5	$	-	$	27.2

(a)

“Other Charges (Gains)" 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.


(In millions)	Thirteen Weeks Ended June 28, 2025
			Other Charges (Gains) (a)
	Restructuring Charges		Cost of Products Sold		SG&A (b)		Total Charges
Water	$	6.3	$	-	$	3.2	$	9.5
Outdoors		2.1		0.2		4.2		6.5
Security		1.8		0.4		1.4		3.6
Corporate		3.5		-		4.3		7.8
Total	$	13.7	$	0.6	$	13.1	$	27.4


(In millions)	Thirteen Weeks Ended June 29, 2024
			Other Charges (Gains) (a)
	Restructuring Charges		Cost of Products Sold		SG&A (b)		Total Charges
Water	$	1.1	$	1.4	$	-	$	2.5
Outdoors		2.1		9.4		-		11.5
Security		0.6		1.2		-		1.8
Corporate		0.1		-		-		0.1
Total	$	3.9	$	12.0	$	-	$	15.9

(a)

“Other Charges (Gains)” 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.

Reconciliation of Restructuring Liability


(In millions)	Balance at December 28, 2024		2025 Provision		Cash Payments(a)			Non-Cash Write-offs			Balance at June 28, 2025
Workforce reduction costs	$	6.2	$	37.2	$	(8.4	)	$	-		$	35.0
Other		7.7		1.3		(0.9	)		(0.5	)		7.6
Total	$	13.9	$	38.5	$	(9.3	)	$	(0.5	)	$	42.6

(a) Cash payments primarily relate to severance charges.


(In millions)	Balance at December 30, 2023		2024 Provision		Cash Payments (a)			Non-Cash Write-offs			Balance at June 29, 2024
Workforce reduction costs	$	14.6	$	4.4	$	(12.8	)	$	(0.2	)	$	6.0
Other		7.1		2.3		(1.5	)		(0.5	)		7.4
Total	$	21.7	$	6.7	$	(14.3	)	$	(0.7	)	$	13.4

(a) Cash payments primarily relate to severance charges.