On January 18, 2025, we announced the decision to consolidate U.S. regional offices into one campus headquarters in Deerfield, Illinois. In connection with these consolidation activities and related organizational and personnel changes, the Company currently expects to continue to incur certain cash and non-cash restructuring and other charges related to employee relocation, severance, retention, non-cash asset related costs, lease exit costs, and other transition activities estimated in the range of approximately $100 million to $120 million in the aggregate. For the fifty-two weeks ended December 27, 2025, we incurred total charges of $89.6 million, including cash charges of $71.6 million primarily related to severance and other exit costs, and non-cash charges of $18.0 million primarily related to acceleration of property, plant and equipment depreciation. For the twenty-six weeks ended June 27, 2026, we incurred total charges of $9.3 million, including cash charges of $9.4 million primarily related to severance and other exit costs, and non-cash income adjustments of $0.1 million. The estimated ranges of restructuring and other charges are provisional and include management judgments and assumptions that could change as we execute our plans. Actual results may differ from these estimates, and the execution of our plan could result in additional charges.

Total restructuring and other charges (gains) for the twenty-six weeks ended June 27, 2026 and June 28, 2025 are shown below.


(In millions)	Twenty-Six Weeks Ended June 27, 2026
			Other Charges (Gains) (a)
	Restructuring Charges		Cost of Products Sold		SG&A (b)			Total Charges
Water	$	5.1	$	-	$	0.2		$	5.3
Outdoors		0.9		1.1		0.1			2.1
Security		0.6		-		(0.2	)		0.4
Corporate		5.9		-		3.5			9.4
Total	$	12.5	$	1.1	$	3.6		$	17.2


(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

(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.

Restructuring and other charges (gains) in the twenty-six weeks ended June 27, 2026 were primarily attributable to costs associated with the decision to consolidate our U.S. regional offices into one campus headquarters and related organizational and personnel changes. Restructuring and other charges in the twenty-six weeks ended June 28, 2025 were primarily attributable to costs associated with the decision to consolidate the Company's U.S. regional offices into one campus headquarters and its related organizational and personnel changes, product-line rationalizations within our Outdoors segment, plant closures in both our Water and Security segments and headcount-reduction actions across all segments.

Total restructuring and other charges (gains) for the thirteen weeks ended June 27, 2026 and June 28, 2025 are shown below.


(In millions)	Thirteen Weeks Ended June 27, 2026
			Other Charges (Gains) (a)
	Restructuring Charges		Cost of Products Sold			SG&A (b)		Total Charges
Water	$	2.8	$	-		$	0.1	$	2.9
Outdoors		0.8		0.4			-		1.2
Security		0.5		(0.1	)		-		0.4
Corporate		4.0		-			2.5		6.5
Total	$	8.1	$	0.3		$	2.6	$	11.0


(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

(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.

Restructuring and other charges (gains) in the thirteen weeks ended June 27, 2026 and June 28, 2025 were primarily attributable to costs associated with the decision to consolidate our U.S. regional offices into one campus headquarters and related organizational and personnel changes.

Reconciliation of Restructuring Liability


(In millions)	Balance at December 27, 2025		2026 Provision		Cash Payments(a)			Non-Cash Write-offs		Balance at June 27, 2026
Workforce reduction costs	$	27.2	$	11.7	$	(19.3	)	$	-	$	19.6
Other		0.4		0.8		(1.4	)		0.2		-
Total	$	27.6	$	12.5	$	(20.7	)	$	0.2	$	19.6

(a) Cash payments primarily relate to severance charges.


(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.