| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | restructuring | in_progress | 2025-10-01 | 2026-12-31 | USD 12 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Restructuring program begun in Q4 2025 to streamline business, reduce headcount, and optimize operations; charges of approximately $12 million in Q2 2026 and $20 million in the six months ended June 30, 2026, with approximately $50 million expected for full year 2026. No employee counts disclosed. | ||||
| 2026-06-30 | restructuring | in_progress | 2026-01-01 | Plumbing Products (Liberty Hardware integrated into Delta Faucet) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Internal reorganization integrating Liberty Hardware business into Delta Faucet business began in Q1 2026; Liberty moved from Decorative Architectural Products to Plumbing Products segment reporting. No headcount impact quantified. | |||||
| 2026-06-30 | divestiture_reduction | completed | 2026-07-28 | United Kingdom | Plumbing Products (Bristan Group) | USD 65 (millions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Divestiture of Bristan Group completed July 28, 2026 for £49 million ($65 million) net of cash disposed, plus up to £6 million ($8 million) contingent consideration. Headcount removed not disclosed. | |||
| 2026-06-30 | restructuring | in_progress | 2026-12-31 | USD 20 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program began in Q4 2025 (exact announcement date not disclosed); charges of ~$12M in Q2 2026 and ~$20M YTD 2026; ~$50M expected for full year 2026. Actions include business consolidations, plant closures, and headcount reductions; no employee counts disclosed. | |||||
| 2026-06-30 | restructuring | in_progress | United States | Plumbing Products / Decorative Architectural Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Internal reorganization begun in Q1 2026 integrating Liberty Hardware into the Delta Faucet business; segment reporting recast so Liberty sits in Plumbing Products. No headcount or charge amounts disclosed for this action. | |||||
| 2026-06-30 | divestiture_reduction | announced | 2026-07-28 | 2026-07-28 | United Kingdom | Plumbing Products | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Bristan Group sold 2026-07-28 for £49M (~$65M) net of cash, plus up to £6M (~$8M) contingent consideration. Not treated as discontinued operations; no workforce impact or headcount disclosed. | |||
| 2026-06-30 | restructuring | in_progress | 2025-10-01 | 2026-12-31 | Global | Corporate and Operations | USD 12 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring actions began in Q4 2025 to streamline business and reduce headcount. $12M incurred in Q2 2026; $20M YTD. Total expected charges for 2026 are approximately $50M. Employee count not disclosed. | ||
| 2026-06-30 | restructuring | in_progress | 2026-01-01 | Global | Plumbing Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Internal reorganization in Q1 2026 integrating Liberty Hardware business into Delta Faucet business. No specific charges or employee counts disclosed for this integration. | ||||
| 2026-03-31 | restructuring | in_progress | 2025-10-01 | 2026-12-31 | USD 8 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Restructuring actions begun in Q4 2025 to streamline the business, reduce headcount and optimize operations; approximately $8 million of charges incurred in Q1 2026 and approximately $50 million expected for full-year 2026. No employee count disclosed. | ||||
| 2026-03-31 | restructuring | in_progress | 2026-01-01 | Plumbing Products (Delta Faucet) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Internal reorganization integrating the Liberty Hardware business into the Delta Faucet business; Liberty moved from Decorative Architectural Products to Plumbing Products segment in all periods presented. No headcount figures disclosed. | |||||
| 2026-03-31 | restructuring | in_progress | 2025-10-01 | 2026-12-31 | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program began Q4 2025 to streamline business, reduce headcount, optimize operations; ~$8M charges in Q1 2026, ~$50M expected full-year 2026. No employee count disclosed. | ||||
| 2026-03-31 | restructuring | in_progress | 2026-01-01 | Plumbing Products (Delta Faucet / Liberty Hardware) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Internal reorganization integrating Liberty Hardware into Delta Faucet business; segment reporting recast. No headcount figures disclosed. | |||||
| 2026-03-31 | restructuring | in_progress | 2025-10-01 | 2026-12-31 | Global | Corporate and Operations | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring actions began in Q4 2025 to streamline business and reduce headcount. $8M incurred in Q1 2026; ~$50M expected for full year 2026. Employee count not disclosed. | ||
| 2025-12-31 | restructuring | in_progress | Company-wide | USD 18 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring actions begun in Q4 2025 to streamline the business, reduce headcount and optimize operations; approximately $18 million of charges incurred in Q4 2025, with approximately $50 million of additional charges expected in 2026. Employees affected not disclosed. | |||||
| 2025-12-31 | other | announced | United States | Liberty Hardware integrated into Delta Faucet; moves from Decorative Architectural Products to Plumbing Products segment | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Internal reorganization announced after December 31, 2025 and before the February 10, 2026 filing date; segment reporting change effective with the Q1 2026 Form 10-Q, with prior-period comparatives to be recast. Headcount impact not quantified. | |||||
| 2025-12-31 | restructuring | in_progress | 2025-10-01 | USD 18 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges of approximately $18 million incurred in Q4 2025 for restructuring actions to streamline business, reduce headcount, and optimize operations. Additional charges of approximately $50 million expected in 2026. Employee count not disclosed. | |||||
| 2025-06-30 | other | completed | 1 | 2025-07-08 | 2025-07-06 | United States | Corporate | other f5-10q / Qwen3.6-27B-Q8_0 | Retirement of Chief Executive Officer Keith Allman. Agreement dated July 8, 2025, with separation date of July 6, 2025. Includes prorated cash bonus, restricted stock units, and long-term incentive awards. | ||
| 2024-12-31 | restructuring | completed | USD 9 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Only an aggregate fiscal 2024 rationalization charge is disclosed; no employee counts, sites, or program timeline given. MD&A frames such actions as business consolidations, plant closures, headcount reductions and cost savings initiatives. Status set to completed because the charge was recognized within FY2024, though the filing provides no program-level detail. | ||||||
| 2024-12-31 | divestiture_reduction | completed | Decorative Architectural Products | USD 88 (millions) | other f5-10k / GLM-5.3-flash-HTML | Kichler Lighting sold in Q3 2024 for $125 million net of cash; $88 million loss inclusive of costs to sell, with post-closing adjustments finalized in Q4 2024. Headcount transferred with the business is not disclosed; transaction was not treated as discontinued operations. | |||||
| 2024-12-31 | restructuring | in_progress | Consolidated | USD 9 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Ongoing efficiency actions described as business consolidations, plant closures and headcount reductions; no employees-affected count or completion timeline disclosed. Prior-year comparative charge of $13 million not extracted. | |||||
| 2024-12-31 | divestiture_reduction | completed | 2024-09-30 | Decorative Architectural Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consideration of $125 million net of cash disposed; loss of $88 million inclusive of costs to sell recorded in other, net. Headcount removed through the sale not disclosed; not reported as discontinued operations. Quarter-end date shown as approximate completion. | |||||
| 2024-12-31 | restructuring | completed | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Rationalization charges of $9 million incurred in 2024. Filing mentions headcount reductions as part of strategic rationalization but does not quantify employees affected. | ||||||
| 2024-12-31 | divestiture_reduction | completed | 2024-09-30 | Decorative Architectural Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Divestiture of Kichler Lighting business completed in the third quarter of 2024. Employee count not disclosed. | |||||
| 2024-12-31 | acquisition_addition | completed | 2023-09-30 | Plumbing Products | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Sauna360 Group Oy completed in the third quarter of 2023. Employee count not disclosed. | |||||
| 2024-09-30 | acquisition_addition | completed | 2024-03-31 | Netherlands | Plumbing Products | USD 15 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired remaining 24.9% equity interest in Easy Sanitary Solutions B.V. (ESS) for $15 million in Q1 2024. Headcount not disclosed. | |||
| 2024-09-30 | divestiture_reduction | completed | 2024-09-30 | North America | Decorative Architectural Products | USD -81 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sold Kichler Lighting business for $125 million preliminary consideration. Recognized $81 million preliminary loss. Headcount not disclosed. | |||
| 2023-12-31 | restructuring | completed | USD 13 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Aggregate rationalization charges recognized in 2023 operating profit; MD&A describes such actions generically as consolidations, plant closures, and headcount reductions, but discloses no employee counts, specific actions, or program timeline. | ||||||
| 2023-12-31 | acquisition_addition | completed | Plumbing Products | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired all share capital of Sauna360 in Q3 2023 for approximately €124 million ($136 million) net of cash acquired; employee headcount added through the acquisition was not disclosed. | ||||||
| 2023-12-31 | acquisition_addition | completed | Finland (Europe) | Plumbing Products | USD 136 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired in the third quarter of 2023; exact closing date and acquired headcount not disclosed. Purchase price shown for context, not a severance charge. | ||||
| 2023-12-31 | restructuring | in_progress | Not disclosed | Not disclosed | USD 13 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Current fiscal year charge only (2022 comparative of $32 million not extracted). Employees affected, geographies and completion timeline not disclosed; no separate restructuring footnote in this filing. | ||||
| 2023-12-31 | acquisition_addition | completed | 2024-01-04 | Netherlands / Germany | Plumbing Products | USD 14 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event after fiscal year-end (2024-01-04). Amount based on information as of the report date and subject to update; acquired/retained headcount not disclosed. | |||
| 2023-09-30 | acquisition_addition | completed | 2023-09-30 | Finland | Plumbing Products | USD 136 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired Sauna360 Group Oy for approx $136 million. Headcount not disclosed. | |||
| 2023-09-30 | other | announced | 2023-08-28 | United States | Corporate | other f5-10q / Qwen3.6-27B-Q8_0 | Employment offer letter for Richard Westenberg dated August 28, 2023. | ||||
| 2023-09-30 | other | announced | 2023-10-25 | 2024-04-30 | United States | Corporate | USD 1 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | Amended transition agreement for David A. Chaika. Severance cash payment of $725,450 plus $25,000 COBRA subsidy. | ||
| 2023-06-30 | voluntary_separation | completed | 1 | 2023-05-31 | 2023-05-31 | United States | Corporate | other f5-10q / Qwen3.6-27B-Q8_0 | Retirement of John G. Sznewajs, Chief Financial Officer. Severance includes prorated bonus, RSUs, and accelerated vesting of 2,644 restricted shares. | ||
| 2023-06-30 | voluntary_separation | completed | 1 | 2023-06-30 | 2023-06-30 | United States | Corporate | other f5-10q / Qwen3.6-27B-Q8_0 | Retirement of Richard O'Reagan. Severance includes prorated bonus, RSUs, and accelerated vesting of 2,072 restricted shares. | ||
| 2022-12-31 | restructuring | in_progress | Enterprise-wide | USD 32 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Rationalization charges of $32 million in 2022 (vs. $4 million in 2021) tied to business rationalization activities; no employee count, geography, or completion date disclosed. Related narrative cites business consolidations, plant closures and headcount reductions as potential efficiency actions. | |||||
| 2021-12-31 | acquisition_addition | completed | 2021-01-04 | 2021-01-04 | Netherlands | Plumbing Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 75.1 percent equity interest for approximately €47 million ($58 million); headcount added not disclosed. Cash payment made 2020-12-29, transaction closed 2021-01-04. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-09-30 | 2021-09-30 | United States | Plumbing Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired all share capital for approximately $56 million in cash in the third quarter of 2021; exact closing date not disclosed (date shown is quarter end). Headcount added not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-05-31 | 2021-05-31 | Germany | Plumbing Products | USD 18 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of shower enclosure and shower tray business completed 2021-05-31; recognized an $18 million loss (primarily $23 million of reclassified currency translation losses). Headcount removed not disclosed; not presented as discontinued operations. | ||
| 2021-12-31 | restructuring | in_progress | USD 4 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Rationalization charges of $4 million in 2021 (versus $11 million in 2020) presented as an adjustment to operating profit; no employees-affected count, geography, or program timeline disclosed. MD&A notes the company may pursue business consolidations, plant closures and headcount reductions from time to time. | ||||||
| 2021-09-30 | acquisition_addition | completed | United States | Plumbing Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired all share capital for approximately $56 million cash in Q3 2021; no employee headcount disclosed. | |||||
| 2021-09-30 | acquisition_addition | completed | 2021-01-04 | Europe | Plumbing Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 75.1% equity interest for approximately €47 million ($58 million), closed January 4, 2021; no employee headcount disclosed. Remaining 24.9% interest subject to call/put options exercisable after December 31, 2023. | ||||
| 2021-09-30 | divestiture_reduction | completed | 2021-05-31 | Europe | Plumbing Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture of shower enclosure business completed May 31, 2021 with an $18 million loss recognized; no employee headcount disclosed. | ||||
| 2021-06-30 | divestiture_reduction | completed | 2021-05-31 | Germany/Europe | Plumbing Products | USD 18 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Hüppe GmbH shower enclosure business divested May 31, 2021; $18 million loss driven mainly by $23 million of currency translation losses recycled from accumulated other comprehensive income. No employee count disclosed. | |||
| 2021-06-30 | acquisition_addition | completed | 2021-01-04 | 2021-01-04 | Netherlands/Europe | Plumbing Products | USD 58 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired 75.1% of Easy Sanitary Solutions B.V. for approximately $58 million; workforce added not quantified. | ||
| 2021-06-30 | acquisition_addition | announced | 2021-07-01 | 2021-07-01 | Plumbing Products | USD 56 (millions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | In July 2021, acquired all share capital of Steamist, Inc., a residential steam bath products manufacturer, for approximately $56 million in cash; workforce added not quantified. | |||
| 2021-03-31 | acquisition_addition | completed | 2021-01-04 | Europe (Netherlands-based target) | Plumbing Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 75.1% interest in Easy Sanitary Solutions B.V. for approximately €47 million ($58 million); closing occurred January 4, 2021. No employee headcount added disclosed. | ||||
| 2021-03-31 | divestiture_reduction | announced | 2021-03-01 | 2021-06-30 | Germany | Plumbing Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed in March 2021 to sell Hüppe GmbH (shower enclosures and trays); assets and liabilities classified as held for sale at March 31, 2021, closing expected in Q2 2021. No employee headcount reduction disclosed; exact announcement day not stated, date approximated to month. | |||
| 2020-12-31 | divestiture_reduction | completed | 2019-11-14 | 2020-02-18 | North America | Cabinetry Products (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Masco Cabinetry completed February 18, 2020 for approximately $989 million; no employee count disclosed. | |||
| 2020-12-31 | acquisition_addition | completed | 2020-03-31 | Israel | Plumbing Products | USD 24 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | SmarTap A.Y Ltd. acquired in first quarter 2020 for approximately $24 million in cash; purchase price shown, no headcount disclosed. | |||
| 2020-12-31 | acquisition_addition | completed | 2020-12-31 | United States | Plumbing Products | USD 103 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Kraus USA Inc. acquired in fourth quarter 2020 for approximately $103 million plus up to $50 million contingent consideration; no headcount disclosed. | |||
| 2020-12-31 | acquisition_addition | completed | 2020-12-31 | United States | Decorative Architectural Products | USD 53 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Work Tools International and Elder & Jenks acquired in fourth quarter 2020 for approximately $53 million; no headcount disclosed. | |||
| 2020-12-31 | restructuring | completed | 2020-12-31 | North America | Plumbing Products | USD 7 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2020 rationalization costs for the segment; part of $11 million consolidated pre-tax charge for business/plant consolidation and severance. No employee count disclosed. | |||
| 2020-12-31 | restructuring | completed | 2020-12-31 | North America | Decorative Architectural Products | USD 4 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2020 rationalization costs for the segment; part of $11 million consolidated pre-tax charge for business/plant consolidation and severance. No employee count disclosed. | |||
| 2020-12-31 | acquisition_addition | announced | 2020-11-10 | 2021-01-04 | Netherlands | Plumbing Products | USD 55 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | 75.1% equity interest in Easy Sanitary Solutions B.V. acquired January 4, 2021 for approximately EUR 45 million ($55 million); no headcount disclosed. | ||
| 2020-12-31 | restructuring | completed | North America | Plumbing Products | USD 7 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to business and plant consolidation and severance costs in North America. | ||||
| 2020-12-31 | restructuring | completed | Decorative Architectural Products | USD 4 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs incurred in 2020 related to business rationalizations. | |||||
| 2020-03-31 | acquisition_addition | completed | 2020-03-31 | Plumbing Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired SmarTap A.Y Ltd. for ~$24M in Q1 2020; no headcount impact disclosed. | |||||
| 2020-03-31 | divestiture_reduction | completed | 2020-02-18 | United States | Cabinetry (discontinued operation) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completed divestiture of Masco Cabinetry LLC on 2020-02-18 for ~$989M; no headcount impact disclosed. | ||||
| 2020-03-31 | acquisition_addition | completed | 2020-03-31 | Plumbing Products | USD 24 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired SmarTap A.Y Ltd. for approx $24 million. Headcount not disclosed. | ||||
| 2020-03-31 | divestiture_reduction | completed | 2020-02-18 | Cabinetry Products | USD 989 (millions) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Completed divestiture of Masco Cabinetry LLC. Headcount not disclosed. | ||||
| 2019-12-31 | divestiture_reduction | completed | 2019-09-06 | 2019-09-06 | United Kingdom | Windows and Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of UK Window Group completed September 6, 2019; headcount not disclosed. A $70 million loss on the sale was recorded in discontinued operations. | |||
| 2019-12-31 | divestiture_reduction | completed | 2019-11-06 | 2019-11-06 | North America | Windows and Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Milgard Windows and Doors completed November 6, 2019 for approximately $720 million net of cash disposed; headcount not disclosed. A $368 million gain was recorded in discontinued operations. | |||
| 2019-12-31 | divestiture_reduction | announced | 4,000 | 2019-11-14 | 2020-03-31 | North America | Cabinetry Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell Masco Cabinetry signed November 14, 2019 for approximately $1.0 billion; approximately 4,000 employees' employment will terminate upon completion, expected in Q1 2020 (completion date shown at quarter-level precision). Expected gain on divestiture of approximately $600 million. | ||
| 2019-12-31 | restructuring | in_progress | North America | Plumbing Products | USD 13 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Net pre-tax rationalization costs incurred in 2019 (current fiscal year activity within a multi-year program), primarily severance and plant consolidation costs in North America. Employees affected not disclosed; company expects to identify additional opportunities but at lower cost levels than historically. | ||||
| 2019-12-31 | divestiture_reduction | completed | 4,000 | 2019-11-14 | United States | Masco Cabinetry | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Masco Cabinetry business employed approximately 4,000 people whose employment will terminate upon completion of the divestiture. Definitive agreement entered Nov 14, 2019. | |||
| 2019-12-31 | restructuring | completed | North America | Plumbing Products | USD 13 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Incurred net pre-tax costs of $13 million primarily related to severance and plant consolidation costs. | ||||
| 2019-09-30 | divestiture_reduction | completed | 2019-09-06 | 2019-09-06 | United Kingdom | Windows and Other Specialty Products (UK Window Group) | USD 70 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of UK Window Group completed 2019-09-06 for approximately $8 million proceeds; $70 million loss on disposal recognized. No employee count disclosed. | ||
| 2019-09-30 | divestiture_reduction | announced | 2019-09-29 | 2019-12-31 | United States | Windows and Other Specialty Products (Milgard Manufacturing) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell Milgard for approximately $725 million; closing expected in Q4 2019 with an expected gain of about $395 million. No employee count disclosed. | |||
| 2019-09-30 | divestiture_reduction | announced | Cabinetry Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company disclosed it is pursuing a sale of the Cabinetry business, expected to conclude within three to six months if terms are acceptable. No agreement, date, or employee count disclosed. | ||||||
| 2019-09-30 | divestiture_reduction | completed | 2019-09-06 | United Kingdom | Windows and Other Specialty Products | USD 70 (millions) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of UK Window Group completed; recognized $70 million loss. Employee count not disclosed. | |||
| 2019-09-30 | divestiture_reduction | announced | 2019-09-29 | 2019-12-31 | North America | Windows and Other Specialty Products | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell Milgard Manufacturing for ~$725 million; expected gain ~$395 million. Employee count not disclosed. | |||
| 2019-09-30 | other | completed | 1 | 2019-07-19 | 2019-07-19 | United States | Corporate | USD 1 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | Position of Vice President of Strategy and Corporate Development eliminated. Separation agreement dated July 19, 2019, includes $1.13M severance and $27.8k health reimbursement. | |
| 2019-06-30 | divestiture_reduction | announced | United States | Cabinetry Products; Windows and Other Specialty Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company disclosed it is pursuing sale of the Cabinetry and Windows businesses, expected to conclude within six to nine months of the filing; no employee counts, dates, or charges disclosed. A related executive retention agreement (June 18, 2019) covers the executive leading the divestiture but discloses no workforce-level figures. | |||||
| 2018-12-31 | plant_closure | completed | North America | Plumbing Products | USD 9 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Costs and charges incurred during 2018, primarily plant closure costs; employee count and completion timing not disclosed. Part of $14 million total 2018 rationalization charges | ||||
| 2018-12-31 | plant_closure | completed | United Kingdom | Windows and Other Specialty Products | USD 5 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Costs incurred during 2018 for plant closure and severance; employee count and completion timing not disclosed. Part of $14 million total 2018 rationalization charges | ||||
| 2018-12-31 | acquisition_addition | completed | 2018-03-09 | 2018-03-09 | United States | Decorative Architectural Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of The L.D. Kichler Co. for $549 million cash; acquired headcount not disclosed. Kichler excluded from ICFR assessment (approx. 5% of total assets, 4% of net sales) | |||
| 2018-12-31 | restructuring | completed | North America | Plumbing Products | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to plant closure costs in North America. | ||||
| 2018-12-31 | restructuring | completed | United Kingdom | Windows and Other Specialty Products | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to plant closure costs and severance in the United Kingdom. | ||||
| 2018-06-30 | acquisition_addition | completed | 2018-03-09 | United States | Decorative Architectural Products | USD 548 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of substantially all net assets of The L.D. Kichler Co. for $548 million cash; purchase price allocation disclosed but no employee headcount added is stated. | |||
| 2018-06-30 | acquisition_addition | completed | 2018-03-09 | Decorative Architectural Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired substantially all net assets of The L.D. Kichler Co. on March 9, 2018. Headcount not disclosed. | |||||
| 2018-06-30 | divestiture_reduction | completed | Windows and Other Specialty Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Divested Arrow Fastener Co., LLC in Q2 2017. Headcount not disclosed in this filing. | ||||||
| 2018-03-31 | acquisition_addition | completed | 2018-03-09 | United States | Decorative Architectural Products | USD 548 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of substantially all net assets of The L.D. Kichler Co. closed 2018-03-09; purchase price $548M net of $2M cash acquired. No employee headcount for the acquired business is disclosed in this filing. | |||
| 2017-12-31 | divestiture_reduction | completed | 2017-06-30 | 2017-06-30 | United States | Windows and Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Arrow Fastener Co., LLC in Q2 2017 for proceeds of $128 million; headcount not disclosed. | |||
| 2017-12-31 | divestiture_reduction | completed | 2017-12-31 | 2017-12-31 | United Kingdom | Cabinetry Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Moores Furniture Group Limited in Q4 2017; $64 million loss recognized, including transfer of $144 million of pension plan obligations. Headcount not disclosed. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-12-31 | 2017-12-31 | United States | Plumbing Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Mercury Plastics, Inc. in Q4 2017 for approximately $89 million cash; $38 million of goodwill recognized. Headcount not disclosed. | |||
| 2017-12-31 | restructuring | in_progress | North America | Plumbing Products | USD 2 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2017 costs primarily for plant closure and severance in North America; employee counts not disclosed. Part of an ongoing multi-year rationalization program with $4 million of total 2017 net pre-tax charges. | ||||
| 2017-12-31 | plant_closure | in_progress | North America | Cabinetry Products | USD 2 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2017 costs primarily for plant closure in North America; employee counts not disclosed. | ||||
| 2017-12-31 | acquisition_addition | announced | 2017-12-31 | 2018-03-31 | United States | Decorative Architectural Products | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed in December 2017 to acquire The L.D. Kichler Co. for approximately $550 million, expected to close in Q1 2018 using cash on hand. Headcount not disclosed. | |||
| 2017-12-31 | restructuring | completed | North America | Plumbing Products | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to plant closure costs and severance. | ||||
| 2017-12-31 | restructuring | completed | North America | Cabinetry Products | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to plant closure costs. | ||||
| 2017-12-31 | divestiture_reduction | completed | United Kingdom | Cabinetry Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Divestiture of U.K. manufacturer of kitchen and bathroom furniture business (Moores). | |||||
| 2017-12-31 | divestiture_reduction | completed | United States | Windows and Other Specialty Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Divestiture of U.S. fastener and tool business (Arrow). | |||||
| 2017-12-31 | acquisition_addition | completed | United States | Plumbing Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of U.S. plastics processor and manufacturer of water handling systems (Mercury Plastics). | |||||
| 2017-09-30 | restructuring | in_progress | USD 3 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Business rationalization initiatives: $1 million of costs and charges in Q3 2017 and $3 million for the nine months ended September 30, 2017 (versus $6 million and $16 million in the comparable 2016 periods). No employee counts, severance split, or completion timing disclosed. | ||||||
| 2017-09-30 | divestiture_reduction | completed | Windows and Other Specialty Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Arrow Fastener Co., LLC completed in Q2 2017 for proceeds of $128 million, with a $51 million gain recognized in the nine-month period. Headcount removed through the divestiture is not disclosed. | ||||||
| 2017-06-30 | restructuring | in_progress | USD 2 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month 2017 operating profit includes $2 million of costs and charges for business rationalization initiatives; no employee counts, timing, or geography disclosed. Prior-year comparative charges ($7M Q2 2016, $10M 1H 2016) excluded per no-prior-year rule. | ||||||
| 2017-03-31 | restructuring | in_progress | USD 2 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A discloses $2 million of costs and charges for business rationalizations and other initiatives in Q1 2017 (vs. $3 million in Q1 2016); no employee counts, dates, or geography disclosed. No restructuring footnote present in this filing. | ||||||
| 2016-12-31 | restructuring | completed | Canada and international operations | Plumbing Products | USD 13 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2016 costs primarily related to plant closure costs in Canada and international operations, plus severance across multiple businesses; employee count not disclosed. | ||||
| 2016-12-31 | restructuring | completed | North America | Cabinetry Products | USD 8 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2016 costs primarily related to cost savings initiatives in North America; employee count not disclosed. | ||||
| 2016-12-31 | restructuring | completed | United States | Windows and Other Specialty Products | USD 1 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2016 costs related to severance at the U.S. windows business (Milgard); employee count not disclosed. | ||||
| 2016-12-31 | restructuring | completed | United States | Corporate | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance and early retirement program charges of $8 million in 2016, primarily paid when incurred; employee count not disclosed. May overlap with segment-level rationalization charges above. | ||||
| 2016-12-31 | restructuring | completed | 2016-12-31 | 2016-12-31 | Global | Multiple segments | USD 22 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Net pre-tax costs of $22 million incurred in 2016 related to plant closures, headcount reductions, and cost savings initiatives across Plumbing, Cabinetry, and Windows segments. | ||
| 2016-09-30 | restructuring | in_progress | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $5M for the nine months ended September 30, 2016 ($1M in Q3), recorded in SG&A and cost of sales; no employee counts disclosed. MD&A separately cites $16M of business rationalization and other initiative costs in YTD 2016 operating profit ($6M in Q3), which may overlap with these severance charges. | ||||||
| 2016-09-30 | restructuring | in_progress | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance for the three months ended September 30, 2016. Employee count not disclosed. | ||||||
| 2016-09-30 | restructuring | in_progress | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance for the nine months ended September 30, 2016. Employee count not disclosed. | ||||||
| 2016-06-30 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance charges of $2 million (three months) and $4 million (six months) ended June 30, 2016 recorded in cost of sales and SG&A; no employee counts disclosed. | ||||||
| 2016-06-30 | restructuring | in_progress | USD 4 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $4M for six months ended June 30, 2016 ($2M in Q2), recorded in cost of sales and SG&A; no employee counts or program details disclosed. | ||||||
| 2016-06-30 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charges of $2 million recorded for the three months ended June 30, 2016, related to business rationalizations. | ||||||
| 2016-06-30 | restructuring | in_progress | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charges of $4 million recorded for the six months ended June 30, 2016, related to business rationalizations. | ||||||
| 2016-03-31 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance charges of $2 million for Q1 2016 (vs $6 million in Q1 2015), principally recorded in SG&A; no employee counts disclosed. | ||||||
| 2016-03-31 | restructuring | in_progress | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $2 million recorded in Q1 2016 for business rationalizations and other initiatives; no employee counts or completion dates disclosed. MD&A notes $3 million of related costs and charges in operating profit for the quarter. | ||||||
| 2016-03-31 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance recorded in SG&A. Employee count not disclosed. | ||||||
| 2015-12-31 | divestiture_reduction | completed | 2014-09-30 | 2015-06-30 | United States | Installation and Other Services | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of TopBuild Corp. completed June 30, 2015 as a tax-free distribution; headcount transferred not disclosed. Retained earnings decreased $828 million on the separation. | |||
| 2015-12-31 | restructuring | in_progress | North America | Plumbing Products | USD 9 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2015 costs primarily for severance and cost savings initiatives across multiple businesses; employee counts not disclosed. Part of $18 million total FY2015 rationalization and other initiative costs. | ||||
| 2015-12-31 | restructuring | in_progress | North America | Cabinets and Related Products | USD 5 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2015 cabinet business costs primarily related to cost savings initiatives in North America; employee counts not disclosed. | ||||
| 2015-12-31 | restructuring | in_progress | United States | Corporate | USD 4 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2015 corporate office costs primarily related to severance actions; employee counts not disclosed. Company expects approximately $8 million of rationalization costs in 2016. | ||||
| 2015-12-31 | acquisition_addition | completed | 2015-03-31 | United States | Plumbing Products | USD 25 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of aquatic fitness business (ENDLESS POOLS brand) in Q1 2015 for approximately $25 million cash; headcount added not disclosed. | |||
| 2015-12-31 | acquisition_addition | completed | 2015-06-30 | United Kingdom | Other Specialty Products | USD 16 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of U.K. window business (Evolution Manufacturing) in Q2 2015 for approximately $16 million cash; headcount added not disclosed. | |||
| 2015-12-31 | restructuring | completed | 2015-01-01 | 2015-12-31 | North America | Cabinets and Related Products | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to cost savings initiatives. | ||
| 2015-12-31 | restructuring | completed | 2015-01-01 | 2015-12-31 | Global | Plumbing Products | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to severance and other cost savings initiatives across multiple businesses. | ||
| 2015-12-31 | restructuring | completed | 2015-01-01 | 2015-12-31 | Global | Corporate | USD 4 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to severance actions. | ||
| 2015-09-30 | divestiture_reduction | completed | 2014-09-30 | 2015-06-30 | Installation and Other Services businesses (TopBuild Corp.) | USD 828 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Spin off of 100% of TopBuild completed June 30, 2015 via tax-free stock distribution; equity reduction of $828 million recorded. No employee headcount figures disclosed. | |||
| 2015-09-30 | restructuring | in_progress | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance charges of $1 million (three months) and $8 million (nine months) ended September 30, 2015, principally in SG&A. No employee counts disclosed. | ||||||
| 2015-09-30 | restructuring | in_progress | Corporate office | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Corporate office severance actions referenced; 2015 amounts not separately quantified (2014 comparative was $13 million and $20 million for the three- and nine-month periods). | ||||||
| 2015-09-30 | acquisition_addition | completed | United Kingdom | Other Specialty Products | USD 16 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | U.K. window business acquired in Q2 2015 for approximately $16 million cash; no headcount disclosed. | ||||
| 2015-09-30 | acquisition_addition | completed | Plumbing Products | USD 25 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Aquatic fitness business acquired in Q1 2015 for approximately $25 million cash; no headcount disclosed. | |||||
| 2015-09-30 | divestiture_reduction | completed | 2014-09-30 | 2015-06-30 | United States | Installation and Other Services (TopBuild Corp.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of 100% of Installation and Other Services into TopBuild Corp. completed June 30, 2015; no employee count disclosed. | |||
| 2015-09-30 | restructuring | in_progress | Cabinets and Related Products; corporate offices | USD 8 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $8M for nine months ended Sep 30, 2015 ($1M in Q3); no employee counts disclosed. Prior-year comparative excluded. | |||||
| 2015-09-30 | restructuring | completed | Corporate | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charges of $1 million recorded for the three months ended Sept 30, 2015, principally in SG&A. | |||||
| 2015-09-30 | restructuring | completed | Corporate | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charges of $8 million recorded for the nine months ended Sept 30, 2015, principally in SG&A. | |||||
| 2015-09-30 | divestiture_reduction | completed | 2014-09-30 | 2015-06-30 | Installation and Other Services (TopBuild) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Spin-off of TopBuild Corp completed June 30, 2015. Employee count not disclosed. | ||||
| 2015-06-30 | restructuring | in_progress | USD 7 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance charges of $1 million (Q2) and $7 million (six months) for 2015 tied to business rationalization initiatives; no employee counts disclosed. Charges principally recorded in SG&A. | ||||||
| 2015-06-30 | divestiture_reduction | completed | 2014-09-30 | 2015-06-30 | Installation and Other Services | other f5-10q / GLM-5.3-flash-fp4-HTML | Spin off of 100% of Installation and Other Services businesses into TopBuild Corp. completed June 30, 2015 via tax-free stock distribution; headcount removed not disclosed. | ||||
| 2015-06-30 | restructuring | in_progress | Multiple segments — business rationalization and other initiatives | USD 7 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $7 million for the six months ended June 30, 2015 ($1 million in Q2) from business rationalizations; no employee counts or completion dates disclosed. | |||||
| 2015-06-30 | divestiture_reduction | completed | 2014-09-30 | 2015-06-30 | Installation and Other Services (TopBuild Corp. spin-off) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of TopBuild completed June 30, 2015; headcount removed not disclosed. TopBuild employees forfeited Masco equity awards, converted to TopBuild awards. | ||||
| 2015-06-30 | restructuring | in_progress | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance for the three months ended June 30, 2015. | ||||||
| 2015-06-30 | restructuring | in_progress | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance for the six months ended June 30, 2015. | ||||||
| 2015-03-31 | divestiture_reduction | announced | 2014-09-30 | 2015-06-30 | Installation and Other Services | USD 4 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Plan to spin off 100 percent of Installation and Other Services businesses into TopBuild Corp. via tax-free distribution; expected completion mid-2015; $4 million of transaction costs incurred in Q1 2015. No headcount figures disclosed. | |||
| 2015-03-31 | restructuring | in_progress | USD 10 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Q1 2015 operating profit includes $10 million of costs and charges related to business rationalizations and other initiatives, of which $4 million relates to the proposed Services Business spin-off. No employee counts disclosed. | ||||||
| 2015-03-31 | reduction_in_force | in_progress | USD 6 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance charges of $6 million recorded in Q1 2015 (vs $2 million in Q1 2014), principally in SG&A. Number of employees affected not disclosed. | ||||||
| 2015-03-31 | restructuring | in_progress | USD 6 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $6 million recorded in Q1 2015 (vs. $2 million in Q1 2014), principally in SG&A; no employee counts, geographies, or completion timing disclosed. MD&A separately cites $10 million of total business rationalization and other initiative costs in Q1 2015 operating profit, which includes the $4 million spin-off costs captured separately below. | ||||||
| 2015-03-31 | divestiture_reduction | in_progress | 2014-09-30 | Installation and Other Services | USD 4 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned tax-free spin-off of 100% of the Installation and Other Services businesses into TopBuild Corp.; $4 million of transaction costs incurred in Q1 2015. Expected completion stated as mid-2015; no headcount associated with the spin-off is disclosed. Segment remains in continuing operations until completion. | ||||
| 2015-03-31 | acquisition_addition | completed | Plumbing Products | USD 26 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of an aquatic fitness business for approximately $26 million cash in Q1 2015, to expand the spa wellness platform; purchase price disclosed but no acquired headcount stated. Charge value here represents the acquisition consideration, not a severance or restructuring charge. | |||||
| 2015-03-31 | restructuring | in_progress | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance recorded in SG&A; employee count not disclosed. | ||||||
| 2015-03-31 | restructuring | in_progress | Installation and Other Services | USD 4 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to the proposed spin-off of the Services Business (TopBuild Corp.). | |||||
| 2014-12-31 | plant_closure | in_progress | North America | Cabinets and Related Products | USD 31 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2014 rationalization costs primarily tied to actions to sell two previously idled North American cabinet manufacturing facilities; employee counts not disclosed. Two facilities were written down $28M in 2014 (Note G). | ||||
| 2014-12-31 | restructuring | in_progress | United States | Corporate | USD 27 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2014 corporate office costs primarily related to severance actions; headcount affected not disclosed. | ||||
| 2014-12-31 | restructuring | in_progress | Multiple | All business units | USD 8 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2014 costs across business units for other cost savings initiatives; headcount affected not disclosed. Total 2014 rationalization and spin-off costs were $72M; Note Q separately reports $29M of 2014 severance and early-retirement charges (overlapping subset). | ||||
| 2014-12-31 | divestiture_reduction | announced | 2014-09-30 | 2015-06-30 | United States | Installation and Other Services | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned tax-free spin-off of 100% of Installation and Other Services into an independent public company; $6M of transaction costs incurred through 2014-12-31; segment headcount (approx. 190 branches, 75 distribution centers per Item 2) not quantified as employees. Expected completion stated as mid-2015. | ||
| 2014-12-31 | restructuring | completed | 2014 | North America | Cabinets and Related Products | USD 31 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to actions taken to sell two previously idled manufacturing facilities. | |||
| 2014-12-31 | restructuring | completed | 2014 | Corporate | General Corporate | USD 27 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs primarily related to severance actions at corporate office. | |||
| 2014-12-31 | restructuring | completed | 2014 | Global | Various Business Units | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs and charges across business units related to other cost savings initiatives. | |||
| 2014-12-31 | restructuring | in_progress | 2014-09-30 | 2015-06-30 | Global | Installation and Other Services | USD 6 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs incurred related to the planned spin-off of Installation and Other Services businesses. | ||
| 2014-09-30 | restructuring | in_progress | United States | Corporate office | USD 13 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q3 2014 severance and early retirement charges of $13 million, of which $13 million relates to corporate office actions included in general corporate expense, net. Employee counts not disclosed. | ||||
| 2014-09-30 | restructuring | in_progress | Corporate office | USD 20 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month 2014 severance and early retirement charges of $24 million total, of which $20 million relates to corporate office actions included in general corporate expense, net. Employee counts not disclosed. | |||||
| 2014-09-30 | plant_closure | announced | 2014-09-30 | Cabinets and Related Products | USD 28 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Company decided to sell two facilities in Cabinets segment; Q3 2014 charge of $28 million in cost of goods sold to reflect estimated fair value of facilities (net book value ~$10 million). Employee counts not disclosed. | ||||
| 2014-09-30 | divestiture_reduction | announced | 2014-09-30 | 2015-06-30 | Installation and Other Services | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Plan to spin off 100% of Installation and Other Services businesses into an independent publicly-traded company via tax-free stock distribution; expected completion mid-2015. Headcount impact not quantified. | ||||
| 2014-09-30 | restructuring | in_progress | United States | Corporate | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2014 severance related to corporate office actions; $20M for nine months. No employee count disclosed. | ||||
| 2014-09-30 | plant_closure | in_progress | United States | Cabinets and Related Products | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to sell two manufacturing facilities; $28M charge to reflect estimated fair value of facilities (net book value ~$10M). No employee count disclosed. | ||||
| 2014-09-30 | divestiture_reduction | announced | 2014-09-30 | 2015-06-30 | Global | Installation and Other Services | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to spin off 100% of Installation and Other Services businesses as independent public company via tax-free stock distribution; expected completion mid-2015. No employee count disclosed. | |||
| 2014-09-30 | restructuring | in_progress | United States | Corporate Office | USD 13 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance and early retirement charges for corporate office actions in Q3 2014. | ||||
| 2014-09-30 | restructuring | in_progress | United States | Cabinets and Related Products | USD 28 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge to reflect estimated fair value of two facilities decided to be sold; includes rationalization expenses. | ||||
| 2014-06-30 | restructuring | in_progress | 2014-12-31 | Corporate office | USD 7 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Corporate office severance actions taken in Q2 2014; part of broader rationalization charges of $9 million for the quarter and $14 million year-to-date. Full-year 2014 rationalization charge estimate raised to approximately $18 million from prior $10 million estimate due to corporate office actions. | ||||
| 2014-06-30 | voluntary_separation | in_progress | USD 11 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Charges for severance and early retirement programs of $11 million for the six months ended June 30, 2014 (vs. $12 million in the prior-year period), principally recorded in selling, general and administrative expenses. No employee counts disclosed. | ||||||
| 2014-06-30 | restructuring | in_progress | Not specified (Company-wide, including corporate office) | Company-wide; includes corporate office severance | USD 11 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charges for severance and early retirement programs of $11M for six months ended June 30, 2014 (vs. $12M in prior-year period), principally in SG&A. MD&A adds that Q2 2014 operating profit included $9M of rationalization/initiative costs (YTD: $14M), including $7M of corporate office severance in both periods; full-year 2014 rationalization charges raised to approximately $18M from prior estimate of $10M. No employee counts, announcement dates, or completion dates disclosed. | ||||
| 2014-06-30 | restructuring | in_progress | Global | Corporate office and various segments | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance and early retirement programs for the six months ended June 30, 2014. MD&A notes $7M of this was severance related to corporate office. | ||||
| 2014-03-31 | restructuring | in_progress | USD 5 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Quarterly costs and charges related to business rationalizations and other initiatives, including consolidations, plant closures and headcount reductions; no employee counts disclosed. Prior-year quarter charge was $8 million. | ||||||
| 2014-03-31 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance charges principally reflected in selling, general and administrative expenses; no employee counts disclosed. Prior-year quarter severance charge was $4 million. | ||||||
| 2014-03-31 | restructuring | in_progress | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $2 million recorded for the three months ended March 31, 2014, principally in SG&A; no employee counts, announcement date, or completion timing disclosed. MD&A separately notes $5 million of business rationalization and other initiative costs within operating profit for the quarter, which may overlap with this severance amount. | ||||||
| 2014-03-31 | restructuring | completed | USD 2 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance of $2 million recorded for the three months ended March 31, 2014. | ||||||
| 2013-12-31 | plant_closure | completed | North America | Cabinets and Related Products | USD 11 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2013 charges for closure of a cabinet components facility and additional severance; employee counts not disclosed. Part of the multi-year rationalization program. | ||||
| 2013-12-31 | restructuring | completed | North America | Plumbing Products | USD 16 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2013 costs for a plant consolidation and severance in the North American bathing systems business; employee counts not disclosed. | ||||
| 2013-12-31 | restructuring | completed | Not specified | Multiple business units | USD 21 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2013 costs and charges across business units for other cost savings initiatives; employee counts not disclosed. Total 2013 rationalization and cost savings charges were $48 million (2012: $75 million; 2011: $111 million). | ||||
| 2013-12-31 | voluntary_separation | completed | Not specified | Not specified | USD 20 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2013 charges for severance and early retirement programs (2012: $35 million; 2011: $15 million), recorded in SG&A and paid when incurred. May overlap with the business rationalization charges above; employee counts not disclosed. | ||||
| 2013-12-31 | divestiture_reduction | completed | 2013-02-01 | 2013-12-31 | Denmark | Cabinets and Related Products (ready-to-assemble cabinet business, Tvilum) | USD 10 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Danish ready-to-assemble cabinet business determined non-core in February 2013 and sold in December 2013 for net proceeds of $17 million; 2012 sales approximately $250 million with an operating loss of approximately $30 million. A $10 million impairment of assets held for sale was recorded in Q1 2013; associated headcount not disclosed. | ||
| 2013-12-31 | acquisition_addition | completed | 2013-03-31 | United Kingdom | Other Specialty Products (door business) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Small U.K. door business acquired in the first quarter of 2013 for net cash purchase price of $4 million; added approximately $16 million to 2013 net sales. Headcount acquired not disclosed. | ||||
| 2013-12-31 | restructuring | completed | 2013 | North America | Cabinets and Related Products | USD 11 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to closure of cabinet components facility and additional severance. | |||
| 2013-12-31 | restructuring | completed | 2013 | North America | Plumbing Products | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to plant consolidation and severance in bathing systems business. | |||
| 2013-12-31 | restructuring | completed | 2013 | Global | Various | USD 21 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs and charges across business units related to other cost savings initiatives. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-02 | 2013-12 | Denmark | Cabinets and Related Products | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Disposition of Danish ready-to-assemble cabinet business (Tvilum). Employee count not disclosed. | |||
| 2013-09-30 | restructuring | in_progress | 2013-12-31 | Company-wide, including a business integration within the Plumbing Products segment | USD 10 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Q3 2013 rationalization costs of $10 million; full-year 2013 estimate raised to approximately $55 million from prior estimate of $40 million due to additional plant closures and headcount reductions related to a Plumbing Products business integration. No employee counts disclosed. | ||||
| 2013-09-30 | restructuring | in_progress | 2013-12-31 | Company-wide | USD 36 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month 2013 rationalization costs of $36 million (vs. $45 million in the comparable 2012 period), covering business consolidations, plant closures, headcount reductions and other initiatives. No employee counts disclosed. | ||||
| 2013-09-30 | voluntary_separation | in_progress | Company-wide | USD 16 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Charges of $16 million for severance and early retirement programs in the nine months ended September 30, 2013 (vs. $24 million in the comparable 2012 period), principally in SG&A. No employee counts disclosed. | |||||
| 2013-09-30 | voluntary_separation | in_progress | Not specified | Company-wide | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $16 million for the nine months ended September 30, 2013 relates to severance and early retirement programs, principally recorded in SG&A; no employee counts, announcement date, or completion timing disclosed. Related business rationalization and other initiative costs of $36 million (nine months 2013) and $10 million (three months 2013) are disclosed in MD&A; full-year 2013 rationalization charges estimated at approximately $55 million (raised from prior estimate of $40 million) due to additional plant closures and headcount reductions in Plumbing Products. | ||||
| 2013-09-30 | plant_closure | in_progress | Not specified | Plumbing Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer raised its full-year 2013 rationalization charge estimate to approximately $55 million from $40 million, citing additional plant closures and headcount reductions tied to a business integration within Plumbing Products; no employee counts or dates disclosed. | |||||
| 2013-09-30 | restructuring | in_progress | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance and early retirement programs for the nine months ended September 30, 2013. Employee count not disclosed. | ||||||
| 2013-09-30 | restructuring | in_progress | Plumbing Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Additional plant closures and headcount reductions related to a business integration within the Plumbing Products segment. Specific headcount and charge amounts for this specific action not disclosed separately from total rationalization charges. | ||||||
| 2013-06-30 | voluntary_separation | in_progress | USD 12 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Charges of $12 million for the six months ended June 30, 2013 (vs. $5 million in the comparable 2012 period), principally in SG&A; no employee counts disclosed. | ||||||
| 2013-06-30 | restructuring | in_progress | Company-wide; includes plant closures and headcount reductions related to a business integration within the Plumbing Products segment | USD 26 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Six-month 2013 rationalization costs of $26 million ($18 million in Q2); full-year 2013 estimate raised to approximately $55 million from $40 million due to additional plant closures and headcount reductions tied to a Plumbing Products integration. | |||||
| 2013-06-30 | restructuring | in_progress | Not specified | Company-wide; MD&A cites additional plant closures and headcount reductions within Plumbing Products | USD 12 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charges for severance and early retirement programs totaled $12 million for the six months ended June 30, 2013 (vs. $5 million in the prior-year period), principally in SG&A. MD&A separately reports business rationalization and other initiative costs of $18 million (Q2) and $26 million (six months) in 2013, with full-year 2013 rationalization charges raised to approximately $55 million from a prior $40 million estimate. No employee counts, announcement dates, or completion dates are disclosed. | ||||
| 2013-06-30 | restructuring | in_progress | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to severance and early retirement programs for the six months ended June 30, 2013. Employee count not disclosed. | ||||||
| 2013-06-30 | restructuring | in_progress | Plumbing Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Additional plant closures and headcount reductions related to a business integration within the Plumbing Products segment. Specific headcount and charge amounts for this specific action not disclosed separately from total rationalization charges. | ||||||
| 2013-03-31 | restructuring | in_progress | Global | Multiple segments | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing strategic rationalization program (consolidations, plant closures, headcount reductions, system implementations); MD&A cites $8M of related costs in Q1 2013 but discloses no employee counts or completion timing. | ||||
| 2013-03-31 | divestiture_reduction | announced | Denmark | Cabinets and Related Products (Tvilum ready-to-assemble cabinet business) | USD 10 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | In Q1 2013 the company determined Tvilum was non-core and began a disposition plan; $10M impairment of assets held for sale recorded. No headcount disclosed; announcement date stated only as first quarter of 2013. | ||||
| 2013-03-31 | acquisition_addition | completed | United Kingdom | Doors | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a U.K. door business added $2M of goodwill and $5M of net cash outflow in Q1 2013; no headcount added disclosed. | |||||
| 2013-03-31 | restructuring | in_progress | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Operating profit includes $8 million of costs and charges related to business rationalizations and other initiatives. | ||||||
| 2013-03-31 | acquisition_addition | completed | United Kingdom | Other Specialty Products | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of a U.K. door company for $5 million; headcount not disclosed. | ||||
| 2012-12-31 | plant_closure | completed | 2012-12-31 | North America | Cabinets and Related Products | USD 33 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2012 costs for closure of a countertop manufacturing facility (shift to a sourcing model), closure of a cabinet components facility, and additional headcount reductions. Employee counts not disclosed. | |||
| 2012-12-31 | plant_closure | completed | 2012-12-31 | North America and Spain | Plumbing Products | USD 25 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2012 costs for a plant closure and severance in the North American bathing systems business plus a plant closure and severance in Spain. Employee counts not disclosed. | |||
| 2012-12-31 | restructuring | completed | 2012-12-31 | United States | Corporate | USD 14 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance actions at the corporate office. Employee counts not disclosed. | |||
| 2012-12-31 | restructuring | completed | 2012-12-31 | Multiple | All business units | USD 6 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Other cost savings initiatives across business units. Employee counts not disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2011-12-31 | 2012-12-31 | United States | Installation and Other Services | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2012 the Company sold all businesses identified in 2011 as discontinued operations (commercial drywall installation, millwork and framing) for net proceeds of $7 million. Headcount removed not disclosed. | |||
| 2012-12-31 | other | announced | 2013-02 | 2013-12-31 | Denmark | Cabinets and Related Products | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | In early February 2013 the Company determined its Danish ready-to-assemble cabinet business was no longer core and began a disposition plan expected to complete within 12 months; the unit had 2012 sales of about $250 million and an operating loss of about $30 million. Headcount not disclosed. | |||
| 2012-12-31 | restructuring | completed | 2012-12-31 | 2012-12-31 | North America | Cabinets and Related Products | USD 33 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to closure of countertop manufacturing facility, closure of cabinet components facility, and additional headcount reductions. | ||
| 2012-12-31 | restructuring | completed | 2012-12-31 | 2012-12-31 | North America and Spain | Plumbing Products | USD 25 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to plant closure and severance in bathing systems business in North America and plant closure and severance in Spain. | ||
| 2012-12-31 | restructuring | completed | 2012-12-31 | 2012-12-31 | Corporate | Corporate | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to severance actions at corporate office. | ||
| 2012-12-31 | restructuring | completed | 2012-12-31 | 2012-12-31 | Global | Various | USD 6 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs and charges across business units related to other cost savings initiatives. | ||
| 2012-12-31 | restructuring | completed | 2012-12-31 | 2012-12-31 | Global | Various | USD 36 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Charges related to severance and early retirement programs recorded in selling, general and administrative expenses. | ||
| 2012-09-30 | voluntary_separation | in_progress | USD 20 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance and early retirement program charges of $20 million for the three months ended September 30, 2012; principally reflected in selling, general and administrative expenses. No employee counts disclosed. | ||||||
| 2012-09-30 | voluntary_separation | in_progress | USD 25 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance and early retirement program charges of $25 million for the nine months ended September 30, 2012; principally reflected in selling, general and administrative expenses. No employee counts disclosed. | ||||||
| 2012-09-30 | restructuring | in_progress | 2012-12-31 | Company-wide business rationalizations | USD 28 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Third-quarter 2012 operating profit includes $28 million of business rationalization costs, including plant closures and severance in Cabinets and Related Products and severance related to corporate office. Full-year 2012 rationalization charges estimated at approximately $65 million, up from prior estimate of $30 million. | ||||
| 2012-09-30 | restructuring | in_progress | 2012-12-31 | Company-wide business rationalizations | USD 47 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month 2012 operating profit includes $47 million of business rationalization costs and other initiatives, including business consolidations, plant closures, headcount reductions and system implementations. No employee counts disclosed. | ||||
| 2012-09-30 | voluntary_separation | in_progress | Global | Company-wide | USD 25 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended September 30, 2012 charge of $25 million ($20 million in Q3 2012) for severance and early retirement programs; no employee counts disclosed. Primarily recorded in SG&A. | ||||
| 2012-09-30 | restructuring | in_progress | 2012-12-31 | Global | Cabinets and Related Products; Plumbing Products; corporate office | USD 47 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months 2012 rationalization costs of $47 million ($28 million in Q3 2012) covering plant closures, severance and other initiatives; full-year 2012 estimate raised to approximately $65 million. No employee counts disclosed. May overlap with the severance/early retirement charge in Note L. | |||
| 2012-09-30 | restructuring | in_progress | Cabinets and Related Products; Plumbing Products; Corporate | USD 20 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charges for severance and early retirement programs of $20 million for the three months ended Sept 30, 2012. Includes plant closures and headcount reductions in Cabinets and Plumbing segments, and corporate office. | |||||
| 2012-09-30 | restructuring | in_progress | Cabinets and Related Products; Plumbing Products; Corporate | USD 20 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charges for severance and early retirement programs of $20 million for the nine months ended Sept 30, 2012. Note L states charges were $20 million for both the three months and nine months ended Sept 30, 2012. | |||||
| 2012-06-30 | restructuring | in_progress | Cabinets and Related Products; Installation and Other Services | USD 19 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing strategic rationalization covering consolidations, plant closures, headcount reductions and system implementations; $7M of costs in Q2 2012 and $19M YTD 2012, versus $15M and $47M in prior-year periods. Full-year 2012 charges expected to total approximately $30 million. No employee-affected count disclosed. | |||||
| 2012-06-30 | restructuring | in_progress | Cabinets and Related Products; Installation and Other Services | USD 7 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to business rationalizations and other initiatives for the three months ended June 30, 2012. | |||||
| 2012-06-30 | restructuring | in_progress | Cabinets and Related Products; Installation and Other Services | USD 19 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to business rationalizations and other initiatives for the six months ended June 30, 2012. | |||||
| 2012-03-31 | restructuring | in_progress | United States; International | Cabinets and Related Products; Installation and Other Services | USD 12 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2012 charge of $12M (vs. $32M in Q1 2011) for business rationalizations and other initiatives, including consolidations, plant closures, headcount reductions and system implementations; full-year 2012 charges expected to total approximately $20M. No employee counts disclosed. | ||||
| 2012-03-31 | restructuring | in_progress | Global | Cabinets and Related Products; Installation and Other Services | USD 12 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Operating profit includes $12 million of costs and charges related to business rationalizations and other initiatives. Full-year 2012 rationalization charges expected to aggregate approximately $20 million. | ||||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | North America | Other Specialty Products (windows and doors) | USD 30 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four plants closed in the North American window business during 2011; charge covers closure costs for several facilities. Part of $121 million total 2011 rationalization costs and charges. | |||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | Europe | Cabinets and Related Products (ready-to-assemble cabinetry) | USD 9 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | One manufacturing facility closed plus severance for further headcount reductions at the European ready-to-assemble cabinet manufacturer. Part of $121 million total 2011 rationalization costs. | |||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | North America | Cabinets and Related Products | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | One manufacturing facility related to the North American cabinet manufacturer closed during 2011; charge not separately quantified. Two additional facilities idled per Item 1. | ||||
| 2011-12-31 | restructuring | completed | 2011-12-31 | North America | Cabinets and Related Products (ready-to-assemble product line exit) | USD 24 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit of the North American ready-to-assemble cabinet product line completed in 2011. Part of $121 million total 2011 rationalization costs. | |||
| 2011-12-31 | restructuring | completed | 2011-12-31 | North America | Cabinets and Related Products (facility integration) | USD 6 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Integration of North American cabinet facilities; common architecture program for MERILLAT and QUALITY CABINETS brands completed in 2011. Part of $121 million total 2011 rationalization costs. | |||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | United States | Installation and Other Services (branch network) | USD 4 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of several branch locations and further headcount reductions in 2011; part of a multi-year consolidation of approximately 110 branches. Part of $121 million total 2011 rationalization costs. | |||
| 2011-12-31 | restructuring | completed | 2011-12-31 | North America | Decorative Architectural Products (builders' hardware) | USD 9 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit of a builders' hardware product line; related inventory write-down of $8 million recorded within continuing operations per Note B. Part of $121 million total 2011 rationalization costs. | |||
| 2011-12-31 | divestiture_reduction | in_progress | United States | Installation and Other Services (commercial drywall installation, millwork and framing) | USD 86 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four non-core businesses classified as discontinued operations in 2011 and held for sale; charge shown is impairment of assets held for sale, not severance. Headcount not disclosed. | ||||
| 2011-12-31 | acquisition_addition | completed | 2011-12-31 | United States | Plumbing Products (hot tubs/spas) | USD 10 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Small hot tub manufacturer acquired in late 2011 for $10 million net cash purchase price; acquired headcount not disclosed. Charge field shows purchase price, not a workforce charge. | |||
| 2011-12-31 | restructuring | completed | 2011 | 2011-12-31 | Global | Multiple segments | USD 121 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Includes plant closures, divestitures, and headcount reductions. Specific employee count not disclosed for 2011 actions, though historical context notes over 30,000 reduced in prior years. | ||
| 2011-12-31 | plant_closure | completed | 2011 | 2011-12-31 | North America | Cabinets and Related Products | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Idled two additional facilities and completed exit of ready-to-assemble product line. | |||
| 2011-12-31 | plant_closure | completed | 2011 | 2011-12-31 | North America | Other Specialty Products | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closed several manufacturing facilities related to North American window manufacturer. | |||
| 2011-12-31 | plant_closure | completed | 2011 | 2011-12-31 | Europe | Cabinets and Related Products | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closed one manufacturing facility related to European ready-to-assemble cabinet manufacturer. | |||
| 2011-12-31 | plant_closure | completed | 2011 | 2011-12-31 | United States | Installation and Other Services | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closed several branch locations. | |||
| 2011-09-30 | plant_closure | announced | 2011-10 | Western U.S. | Other Specialty Products (Milgard Windows) | USD 30 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Several plant closures announced for Milgard Window manufacturer; cost estimate primarily accelerated depreciation, included in full-year rationalization charge estimate of approximately $100 million. No employee count disclosed. | |||
| 2011-09-30 | divestiture_reduction | announced | 2011-10 | 2012-10 | Installation and Other Services (commercial drywall installation, millwork, framing) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Businesses deemed non-core; combined 2010 net sales approximately $100 million and aggregate operating losses of $10 million excluding impairment charges. Proceeds expected below net book value; dispositions expected within twelve months. No employee count disclosed. | ||||
| 2011-09-30 | restructuring | in_progress | 2011-12-31 | Company-wide business rationalizations | USD 60 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month 2011 costs and charges of $60 million (third quarter $13 million) for business consolidations, plant closures, headcount reductions and other initiatives; full-year 2011 charges estimated at approximately $100 million. No employee count disclosed. | ||||
| 2011-09-30 | plant_closure | announced | 2011-10 | Western United States | Decorative Architectural Products (Milgard Window manufacturing) | USD 30 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced October 2011; cost primarily accelerated depreciation, included in full-year 2011 rationalization charge estimate of ~$100 million. No employee count disclosed. | |||
| 2011-09-30 | divestiture_reduction | announced | 2011-10 | 2012-10-31 | United States | Installation and Other Services (commercial drywall installation, millwork and framing) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Businesses had combined 2010 net sales of ~$100 million and operating losses of $10 million; proceeds expected below net book value. Dispositions expected within twelve months. No headcount disclosed. | |||
| 2011-09-30 | restructuring | in_progress | Global | Company-wide business rationalizations and other initiatives | USD 60 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD nine-month 2011 rationalization charges of $60 million ($13 million in Q3); full-year 2011 estimate ~$100 million. Includes plant closures, headcount reductions, severance; no employee counts disclosed. | ||||
| 2011-09-30 | plant_closure | announced | 2011-10 | Western U.S. | Milgard Window manufacturer | USD 30 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced in October 2011; cost estimated at approx $30 million primarily related to accelerated depreciation expense. | |||
| 2011-09-30 | restructuring | in_progress | Global | Installation and Other Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Plan of disposition for commercial drywall installation, millwork and framing businesses not core to long-term growth strategy. Expected to complete within next twelve months. | |||||
| 2011-06-30 | restructuring | in_progress | Company-wide | All segments | USD 47 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing business rationalizations (consolidations, plant closures, headcount reductions, system implementations). $47M of costs and charges in six months ended 2011-06-30 ($15M in Q2); full-year 2011 charges anticipated at approximately $65M. No employee counts or completion dates disclosed. | ||||
| 2011-06-30 | restructuring | in_progress | Company-wide | Various | USD 15 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to business rationalizations and other initiatives for the three months ended June 30, 2011. Employee count not disclosed. | ||||
| 2011-06-30 | restructuring | in_progress | Company-wide | Various | USD 47 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to business rationalizations and other initiatives for the six months ended June 30, 2011. Employee count not disclosed. | ||||
| 2011-03-31 | restructuring | in_progress | Company-wide | Multiple segments; business consolidations, plant closures, headcount reductions, system implementations | USD 32 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing strategic rationalization program; $32M of costs and charges in Q1 2011 (vs. $14M in Q1 2010). Full-year 2011 charges expected to aggregate approximately $65 million. No employee counts, severance accrual roll-forward, or completion dates disclosed; no separate restructuring footnote in this filing. | ||||
| 2011-03-31 | restructuring | in_progress | USD 32 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Operating profit includes $32 million of costs and charges related to business rationalizations and other initiatives, including headcount reductions. | ||||||
| 2010-12-31 | restructuring | in_progress | 2010-02-01 | North America | Cabinets and Related Products — Masco Cabinetry | USD 20 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Combination of Builder Cabinet Group and Retail Cabinet Group announced February 2010; $20M integration costs incurred in 2010, with $10M more expected in 2011. Headcount impact not quantified. | |||
| 2010-12-31 | plant_closure | in_progress | 2010-04-01 | 2011-06-30 | North America | Cabinets and Related Products — ready-to-assemble and non-core in-stock cabinet lines | USD 84 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | April 2010 decision to discontinue product lines with roughly $200M of 2009 sales; two plants to close in first half of 2011. 2010 charge of $84M includes $69M non-cash accelerated depreciation and $15M cash; $25M more expected in 2011. | ||
| 2010-12-31 | plant_closure | completed | 2010-01-01 | 2010-12-31 | North America | Cabinets and Related Products | USD 67 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2010 decision to close a previously idled cabinet manufacturing facility; $67M of costs and charges. Related $67M non-cash long-lived asset impairment also recorded in 2010. | ||
| 2010-12-31 | restructuring | in_progress | 2010-01-01 | North America and International | All segments — business rationalizations, plant closures, headcount reductions, system implementations | USD 208 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consolidated 2010 pre-tax cost of all rationalization and cost-savings initiatives; includes the cabinet actions above. Approximately $65M more anticipated in 2011. Employees affected not disclosed. | |||
| 2010-12-31 | plant_closure | completed | 2006-01-01 | 2010-12-31 | North America | Manufacturing and Installation and Other Services branches | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through 2010: 23 manufacturing facilities closed and approximately 100 Installation and Other Services locations closed since 2006. Counts are cumulative-to-date, not 2010-only; headcount reductions not quantified. | |||
| 2010-12-31 | restructuring | completed | 2010-02-01 | North America | Cabinets and Related Products | USD 171 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax costs and charges of $171 million related to Masco Cabinetry integration, product line exit, and facility closure. Includes $20 million integration, $84 million product line exit, and $67 million facility closure. | |||
| 2010-12-31 | restructuring | completed | 2010-01-01 | Global | Corporate | USD 37 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Remaining portion of total $208 million pre-tax costs and charges for business rationalizations and other cost savings initiatives in 2010, excluding the $171 million Cabinets segment charges. | |||
| 2010-09-30 | plant_closure | announced | 2010-04-01 | 2011-06-30 | Cabinets and Related Products (Masco Cabinetry) | USD 119 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Discontinuation of ready-to-assemble and other non-core in-stock assembled cabinet lines; two manufacturing facilities to close in first half of 2011. Charges of approximately $119 million recognized ratably over 15 months beginning April 2010, including ~$99 million non-cash (principally property, plant and equipment) and ~$20 million cash charges. At September 30, 2010, $33 million of accelerated depreciation and $15 million of inventory reserves incurred. No employee count disclosed. | |||
| 2010-09-30 | restructuring | in_progress | 2010-02-01 | Cabinets and Related Products (Masco Cabinetry integration) | USD 35 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Integration of Builder Cabinet Group and Retail Cabinet Group into Masco Cabinetry (announced February 2010) carries previously announced integration charges of approximately $35 million; combined with plant-closure charges, aggregate pre-tax charges of approximately $154 million expected. No employee count disclosed. | ||||
| 2010-09-30 | restructuring | in_progress | Company-wide | USD 104 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nine months ended September 30, 2010 operating profit includes $104 million of costs and charges related to business rationalizations and other initiatives (business consolidations, plant closures, headcount reductions, system implementations); $39 million in the three-month period. Full-year 2010 rationalization charges anticipated to aggregate approximately $130 million. No employee count disclosed. | |||||
| 2010-09-30 | other | completed | 2009-03-01 | 2010-01-01 | United States (domestic plans) | Defined-benefit pension plans | USD 8 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Effective January 1, 2010, the Company froze all future benefit accruals under substantially all domestic qualified and non-qualified defined-benefit pension plans; a curtailment loss of $8 million was recognized in 2009. Affects employee benefits rather than headcount; no employee count disclosed. | ||
| 2010-09-30 | plant_closure | announced | 2010-04-30 | 2011-06-30 | United States | Cabinets and Related Products | USD 119 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two facilities to close in H1 2011; discontinued ready-to-assemble and non-core in-stock cabinet lines (~$200M 2009 sales). Charges: ~$99M non-cash (PP&E) and ~$20M cash, recognized ratably over 15 months from April 2010. No employee count disclosed. At 2010-09-30, $33M accelerated depreciation and $15M inventory reserves incurred. | ||
| 2010-09-30 | restructuring | in_progress | 2010-02-28 | United States | Cabinets and Related Products | USD 35 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration of Builder Cabinet Group and Retail Cabinet Group into Masco Cabinetry; ~$35M integration charges. Combined with plant-closure charges, aggregate pre-tax charges ~$154M. No employee count disclosed. | |||
| 2010-09-30 | restructuring | in_progress | 2010-01-01 | 2010-12-31 | United States | Company-wide | USD 130 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company-wide business rationalizations: consolidations, plant closures, headcount reductions, system implementations. Q3 2010 charges $39M; 9M 2010 charges $104M (prior-year comparatives $21M and $67M). Full-year 2010 expected ~$130M. No employee counts disclosed. | ||
| 2010-09-30 | plant_closure | announced | 2010-04-01 | 2011-06-30 | Cabinets and Related Products | USD 119 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Masco Cabinetry announced discontinuation of ready-to-assemble cabinet lines; expects to close two manufacturing facilities in first half of 2011. Total pre-tax charges of $119 million expected, including $99 million non-cash asset charges and $20 million cash charges. Employee count not disclosed. | |||
| 2010-06-30 | plant_closure | announced | 2010-04-01 | 2011-06-30 | Cabinets and Related Products (Masco Cabinetry) | USD 115 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Masco Cabinetry will discontinue ready-to-assemble and other non-core in-stock assembled cabinet product lines and close two manufacturing facilities in the first half of 2011. Expected pre-tax charges of approximately $115 million, including about $90 million non-cash (property, plant and equipment) and $25 million cash charges; approximately $17 million of accelerated depreciation incurred through June 30, 2010. No employee count disclosed. | |||
| 2010-06-30 | restructuring | in_progress | Company-wide | USD 155 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company anticipates full-year 2010 rationalization charges of approximately $155 million, including approximately $40 million of previously announced integration charges related to combining Builder and Retail Cabinet groups into Masco Cabinetry. Charges include business consolidations, plant closures and headcount reductions; no employee counts disclosed. | |||||
| 2010-06-30 | plant_closure | announced | 2010-04-30 | 2011-06-30 | United States | Cabinets and Related Products | USD 115 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | In April 2010 Masco Cabinetry decided to discontinue ready-to-assemble and other non-core in-stock assembled cabinet lines (approx. $200M 2009 sales); two plants to close in H1 2011. Charges: ~$90M non-cash (PP&E) and ~$25M cash, recognized ratably over 10 months; ~$17M accelerated depreciation incurred by June 30, 2010. No employee count disclosed. | ||
| 2010-06-30 | restructuring | in_progress | 2010-02-28 | United States | Cabinets and Related Products | USD 40 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Combination of Builder Cabinet Group and Retail Cabinet Group announced February 2010; integration charges of approximately $40 million. Combined with plant-closure charges, aggregate pre-tax charges of approximately $155 million. No employee count disclosed. | |||
| 2010-06-30 | restructuring | in_progress | United States | Company-wide | USD 155 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company-wide business rationalization program (consolidations, plant closures, headcount reductions, system implementations). Q2 2010 charges $51M; first-half 2010 charges $65M (vs. $22M and $46M in comparable 2009 periods). Full-year 2010 rationalization charges expected to aggregate approximately $155 million. No employee counts disclosed. | ||||
| 2010-06-30 | restructuring | announced | 2010-04 | 2011-06-30 | United States | Cabinets and Related Products | USD 115 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Masco Cabinetry announced discontinuation of ready-to-assemble and non-core in-stock assembled cabinet product lines. Anticipated closure of two manufacturing facilities in first half of 2011. Pre-tax charges of $115 million expected, including $90 million non-cash (PP&E) and $25 million cash. Part of broader $155 million integration program. | ||
| 2010-03-31 | plant_closure | announced | 2010-04 | 2011-06-30 | Masco Cabinetry (Cabinets and Related Products) | USD 115 (millions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Masco Cabinetry will discontinue ready-to-assemble and other non-core in-stock assembled product lines (approx. $200 million of 2009 annual sales) and close two manufacturing facilities in the first half of 2011. Expected pre-tax charges of approximately $115 million recognized ratably over the next 15 months, including approximately $90 million non-cash (principally property, plant and equipment) and approximately $25 million cash charges. No employee count disclosed. | |||
| 2010-03-31 | restructuring | announced | 2010-02 | Masco Cabinetry (integration of Builder Cabinet Group and Retail Cabinet Group) | USD 155 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Combination of Builder Cabinet Group and Retail Cabinet Group announced February 2010; aggregate pre-tax charges of approximately $155 million, including approximately $40 million of previously announced integration charges plus the approximately $115 million of plant-closure charges. No employee count disclosed. | ||||
| 2010-03-31 | restructuring | in_progress | 2010-02 | United States | Cabinets and Related Products | USD 40 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Combination of Builder Cabinet Group and Retail Cabinet Group into Masco Cabinetry, announced February 2010; approximately $40 million of integration charges. No employee count disclosed. | |||
| 2010-03-31 | restructuring | in_progress | United States | Multiple segments | USD 14 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Business rationalizations and other initiatives (consolidations, plant closures, headcount reductions, system implementations) incurred $14 million of costs in Q1 2010. Full-year 2010 rationalization charges expected to aggregate approximately $140 million, up from previously announced $70 million. No employee counts disclosed. | ||||
| 2010-03-31 | plant_closure | announced | 2010-04 | 2011-06-30 | United States | Cabinets and Related Products | USD 115 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Determined in late April 2010: discontinuation of ready-to-assemble and other non-core in-stock assembled product lines (approximately $200 million of 2009 annual sales) and closure of two manufacturing facilities in the first half of 2011. Charges of approximately $115 million recognized principally ratably over the next 15 months, including about $90 million non-cash (property, plant and equipment) and about $25 million cash. Combined with the $40 million integration charges, aggregate pre-tax charges of approximately $155 million. No employee count disclosed. | ||
| 2010-03-31 | plant_closure | announced | 2010-04-30 | 2011-06-30 | Cabinets and Related Products | USD 115 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced late April 2010; closing two manufacturing facilities in first half of 2011. Charges include ~$90M non-cash PPE and ~$25M cash charges. | |||
| 2009-12-31 | restructuring | in_progress | North America | Multiple segments | USD 94 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Net pre-tax costs and charges for FY2009 related to business consolidations, plant closures, headcount reductions, and system implementations. Employee count not disclosed. | ||||
| 2009-12-31 | plant_closure | in_progress | United States | Installation and Other Services | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Over 90 branch locations closed since 2006 in response to decline in new home construction. Cumulative through fiscal year-end; employee counts not disclosed. | |||||
| 2009-12-31 | divestiture_reduction | completed | Europe | Plumbing Products | USD 43 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Damixa and Breuer European business units in 2009; net pre-tax loss of $43 million. Employee headcount not disclosed. | ||||
| 2009-12-31 | restructuring | announced | 2010-02-01 | United States | Cabinets and Related Products | USD 33 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | February 2010 announcement combining Builder Cabinet Group and Retail Cabinet Group into Masco Cabinetry; estimated additional cost of $30-35 million. Subsequent event after fiscal year-end. | |||
| 2009-12-31 | other | completed | 2009-03-01 | 2010-01-01 | United States | Corporate / Pension Plans | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved freeze of all future benefit accruals under substantially all domestic defined-benefit pension plans, effective January 1, 2010. Curtailment charge of $8 million recognized in Q1 2009. Employee count not disclosed. | ||
| 2009-12-31 | restructuring | completed | 2009-03-01 | North America | Corporate / Pension Plans | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Board approved plan to freeze all future benefit accruals under substantially all domestic qualified and non-qualified defined-benefit pension plans effective Jan 1, 2010. Recognized curtailment charge of $8 million in Q1 2009. | |||
| 2009-12-31 | restructuring | completed | 2009-01-01 | Global | Various Segments | USD 94 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Incurred net costs and charges of $94 million pre-tax related to business rationalizations, including business consolidations, plant closures, and headcount reductions. | |||
| 2009-09-30 | restructuring | in_progress | 4,000 | USD 67 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | During the first nine months of 2009 the Company closed or sold three manufacturing facilities and reduced headcount by 4,000 employees as part of business rationalizations and other initiatives; YTD costs and charges of $67 million, with approximately $92 million anticipated for full-year 2009. Headcount reduction figure is a nine-month cumulative flow, not a point-in-time total. | |||||
| 2009-09-30 | restructuring | in_progress | 4,000 | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative nine-month 2009 headcount reduction of 4,000 employees as part of business rationalizations; MD&A states full-year 2009 rationalization costs expected to approximate $92 million (not allocated to this action). Related plant closures captured separately. | ||||||
| 2009-09-30 | plant_closure | in_progress | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three manufacturing facilities closed or sold during the first nine months of 2009; part of the same rationalization program as the 4,000-employee reduction (no separate headcount disclosed). | |||||||
| 2009-09-30 | divestiture_reduction | completed | 2009-07-31 | Europe | Plumbing Products | USD 22 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of a European business unit completed July 31, 2009; $2 million cash received and a $22 million net loss recognized. Headcount not disclosed. | |||
| 2009-09-30 | other | announced | 2009-03-31 | 2010-01-01 | United States | Domestic qualified and non-qualified defined-benefit pension plans | USD 8 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved freeze of all future benefit accruals under substantially all domestic defined-benefit plans, effective January 1, 2010; curtailment charge of $8 million recorded in Q1 2009. Benefits action, no headcount impact disclosed. | ||
| 2009-09-30 | restructuring | in_progress | 4,000 | USD 67 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | During the first nine months of 2009, the Company closed or sold three manufacturing facilities and reduced headcount by 4,000 employees. Operating profit for the nine-month period includes $67 million of costs and charges related to business rationalizations and other initiatives. | |||||
| 2009-06-30 | restructuring | in_progress | 3,000 | 2009-12-31 | USD 46 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | During first six months of 2009 the Company closed two manufacturing facilities, reduced headcount by 3,000 employees and reduced installation branches by six locations as part of business rationalizations and other initiatives; $46 million of costs and charges incurred year-to-date ($22 million in Q2), with approximately $85 million anticipated for full-year 2009. | ||||
| 2009-06-30 | other | announced | 2009-03-01 | 2010-01-01 | United States | USD 8 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Board approved plan to freeze all future benefit accruals under substantially all domestic qualified and non-qualified defined-benefit pension plans, effective January 1, 2010; $8 million curtailment charge recognized in Q1 2009. | |||
| 2009-06-30 | restructuring | in_progress | 3,000 | Not specified | Multiple segments; includes two manufacturing facilities and six installation branches | USD 46 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative first six months of 2009: closed two manufacturing facilities, reduced headcount by 3,000 employees, reduced installation branches by six locations. Full-year 2009 rationalization costs expected to approximate $85 million. Q2-only charge was $22 million. | |||
| 2009-06-30 | plant_closure | completed | Not specified | Manufacturing | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two manufacturing facilities closed during the first six months of 2009 as part of the broader rationalization program; headcount impact not separately disclosed from the 3,000-employee total. | |||||
| 2009-06-30 | plant_closure | completed | Not specified | Installation and Other Services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six installation branch locations reduced during the first six months of 2009 as part of the broader rationalization program; headcount impact not separately disclosed. | |||||
| 2009-06-30 | restructuring | in_progress | 3,000 | USD 46 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | During the first six months of 2009, the Company closed two manufacturing facilities, reduced headcount by 3,000 employees and reduced installation branches by six locations. Operating profit includes $46 million of costs and charges related to business rationalizations. | |||||
| 2009-03-31 | restructuring | in_progress | 3,000 | USD 24 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | During Q1 2009 the Company closed two manufacturing facilities, reduced headcount by 3,000 employees and reduced installation branches by six locations as part of business rationalization; Q1 2009 operating (loss) profit included $24 million of rationalization costs and charges (vs. $9 million in Q1 2008). Full-year 2009 rationalization costs anticipated at approximately $70 million. | |||||
| 2009-03-31 | restructuring | in_progress | 3,000 | Not specified (Company-wide; operations in North America and International, principally Europe) | Not specified; included closure of two manufacturing facilities and six installation branch locations | USD 24 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2009 rationalization costs of $24M (vs. $9M in Q1 2008) included in operating profit; full-year 2009 charges expected to approximate $70M. Filer states additional rationalization programs may follow. Exact announcement date not disclosed; occurred during the quarter. | |||
| 2009-03-31 | plant_closure | completed | Not specified | Manufacturing (two facilities) and installation branches (six locations) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two manufacturing facilities closed and six installation branch locations reduced during Q1 2009; headcount impact is captured in the consolidated restructuring record above to avoid double counting. No separate charge allocated. | |||||
| 2009-03-31 | restructuring | in_progress | 3,000 | 2009-03-31 | Global | Manufacturing and Installation | USD 24 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company closed two manufacturing facilities, reduced headcount by 3,000 employees, and reduced installation branches by six locations. Operating profit includes $24 million of costs related to business rationalizations. | ||
| 2008-12-31 | plant_closure | completed | North America | Installation and Other Services | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closed 29 Installation and Other Services locations during 2008; over 80 such locations closed since 2006. Headcount not disclosed. | |||||
| 2008-12-31 | plant_closure | in_progress | North America | Cabinets and Related Products; Other Specialty Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company idled two cabinet plants and one window plant; also implemented several plant closures in 2008. Headcount not disclosed. | |||||
| 2008-12-31 | restructuring | in_progress | 2009-12-31 | North America and Europe | All segments | USD 83 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Net pre-tax costs and charges of $83 million incurred in 2008 for business consolidations, plant closures, headcount reductions and system implementations; approximately $44 million anticipated for 2009. Employees affected not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | Europe | Plumbing Products; Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold three European business units in 2008 (The Heating Group, Glass Idromassaggio, Alfred Reinecke) under the 2008 Plan of disposition; net proceeds $174 million. Headcount removed not disclosed. | |||||
| 2008-12-31 | acquisition_addition | completed | North America | Cabinets and Related Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired a countertop business with annual sales over $40 million for $20 million total net purchase price. Headcount added not disclosed. | |||||
| 2008-12-31 | plant_closure | completed | North America | Installation and Other Services | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Since 2006, the Company has closed over 80 locations formerly operated by its Installation and Other Services segment, including closing 29 such locations in 2008. | |||||
| 2008-12-31 | plant_closure | completed | North America | Cabinets and Related Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | The Company has idled two cabinet plants. | |||||
| 2008-12-31 | plant_closure | completed | North America | Other Specialty Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | The Company has idled one window plant. | |||||
| 2008-12-31 | restructuring | completed | Global | Corporate | USD 83 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | For the year ended December 31, 2008, the Company incurred net costs and charges of $83 million pre-tax related to business rationalizations and other initiatives, including plant closures, headcount reductions, and system implementations. | ||||
| 2008-09-30 | restructuring | in_progress | 2008-12-31 | USD 40 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Business rationalizations and other initiatives (sourcing programs, consolidations, plant closures, headcount reductions); $40M charge for nine months 2008 ($16M in Q3); additional ~$30M anticipated in Q4 2008. No employee counts disclosed. | |||||
| 2008-09-30 | divestiture_reduction | completed | 2008-01-31 | 2008-08-31 | Europe | Plumbing Products; Other Specialty Products | USD 45 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of non-core European units (The Heating Group, Glass Idromassaggio, Alfred Reinecke) completed August 2008; $45M pre-tax impairment of assets held for sale. No headcount disclosed. | ||
| 2008-09-30 | acquisition_addition | completed | 2008-06-30 | Cabinets and Related Products | USD 20 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a countertop business with annual sales over $40 million; $20M aggregate purchase price. No headcount disclosed. | ||||
| 2008-09-30 | restructuring | in_progress | USD 16 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to business rationalizations and other initiatives for the three months ended September 30, 2008. Employee count not disclosed. | ||||||
| 2008-09-30 | restructuring | in_progress | USD 40 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to business rationalizations and other initiatives for the nine months ended September 30, 2008. Employee count not disclosed. | ||||||
| 2008-09-30 | acquisition_addition | completed | Cabinets and Related Products | USD 20 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of a relatively small countertop business in Q2 2008. Aggregate net purchase price $20 million. Employee count not disclosed. | |||||
| 2008-09-30 | divestiture_reduction | completed | Europe | other f5-10q / Qwen3.6-27B-Q8_0 | Sale of European-based business units (The Heating Group, Glass Idromassaggio, Alfred Reinecke) completed in Q2 and Q3 2008. Employee count not disclosed. | ||||||
| 2008-06-30 | restructuring | in_progress | USD 15 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Second-quarter 2008 operating profit includes $15 million of costs and charges related to business rationalizations and other initiatives, which the company describes as including headcount reductions, plant closures, sourcing programs and business consolidations. No employee counts are disclosed. | ||||||
| 2008-06-30 | restructuring | in_progress | USD 24 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | First-half 2008 operating profit includes $24 million of costs and charges related to business rationalizations and other initiatives, including headcount reductions and plant closures. No employee counts are disclosed. | ||||||
| 2008-06-30 | divestiture_reduction | in_progress | 2008-01-01 | 2009-06-30 | Europe | Plumbing Products; Other Specialty Products | USD 51 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Company determined several European business units were not core and began a disposition plan in Q1 2008, accounted for as discontinued operations; includes $51 million impairment of assets held for sale (goodwill write-down of $24 million and other assets of $27 million). The Heating Group was sold in Q2 2008 for net proceeds of $146 million. No headcount figures disclosed. | ||
| 2008-06-30 | restructuring | in_progress | Company-wide | USD 24 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A cites sourcing programs, business consolidations, plant closures and headcount reductions; $15M charge in Q2, $24M YTD 2008. No employee counts or completion dates disclosed. | |||||
| 2008-06-30 | acquisition_addition | completed | Cabinets and Related Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2008 acquisition of a countertop business; $21M purchase price, annual sales over $40M. Headcount added not disclosed. | ||||||
| 2008-06-30 | divestiture_reduction | completed | Europe | Plumbing Products / Other Specialty Products (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of European-based The Heating Group completed Q2 2008 for $146M net proceeds; other European units planned for disposition within twelve months. Headcount removed not disclosed. | |||||
| 2008-06-30 | restructuring | in_progress | Global | Various | USD 15 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Q2 2008 costs related to business rationalizations, sourcing programs, plant closures, and headcount reductions. | ||||
| 2008-06-30 | restructuring | in_progress | Global | Various | USD 24 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD 2008 costs related to business rationalizations, sourcing programs, plant closures, and headcount reductions. | ||||
| 2008-06-30 | divestiture_reduction | completed | Europe | The Heating Group | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of European-based The Heating Group completed in Q2 2008 for net proceeds of $146 million. | |||||
| 2008-03-31 | divestiture_reduction | completed | 2008-04-30 | Europe | Other Specialty Products | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Company completed sale of European-based The Heating Group on April 30, 2008 for approximately $155 million; headcount removed not disclosed. Business unit had ~$177 million of 2007 sales and was classified as discontinued operations in Q1 2008. | ||||
| 2008-03-31 | restructuring | in_progress | USD 9 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Ongoing business rationalization initiatives include sourcing programs, business consolidations, plant closures, headcount reductions and other initiatives; $9 million of related costs in Q1 2008. No employee counts disclosed. | ||||||
| 2008-03-31 | divestiture_reduction | in_progress | 2008-01-01 | 2008-12-31 | Europe | Plumbing Products; Other Specialty Products | USD 49 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Several European business units deemed non-core; plan of disposition expected to complete within twelve months. Includes $49M pre-tax impairment of assets held for sale ($24M goodwill write-down, $25M other assets). No employee counts disclosed. | ||
| 2008-03-31 | plant_closure | completed | 2008-04-30 | Europe | Other Specialty Products | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of European-based The Heating Group completed April 30, 2008 for approximately $155 million; business had 2007 sales of approximately $177 million. No headcount disclosed. | ||||
| 2008-03-31 | restructuring | in_progress | Not specified | Company-wide | USD 9 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operating profit includes $9 million of costs related to business rationalizations and other initiatives (sourcing programs, business consolidations, plant closures, headcount reductions). No employee counts disclosed. | ||||
| 2008-03-31 | restructuring | in_progress | Global | Various | USD 9 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs related to business rationalizations, including sourcing programs, business consolidations, plant closures, and headcount reductions. | ||||
| 2008-03-31 | restructuring | in_progress | Global | Installation and Other Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Increased severance and location closure costs contributed to negative operating margin. | |||||
| 2007-12-31 | restructuring | in_progress | North America and International | Multiple segments (sourcing programs, plant closures, headcount reductions, systems implementations) | USD 79 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Net costs and charges for FY2007, stated net of an $8 million gain on sale of fixed assets; includes increased severance, bad debt and location closure costs. No employee count disclosed. | ||||
| 2007-12-31 | acquisition_addition | completed | United States (Arizona, California, Nevada) | Installation and Other Services | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2007 acquisitions of Erickson Construction Company, Guy Evans, Inc. and several small installation service businesses; aggregate net purchase price $202 million ($195M cash, $7M assumed debt). Acquired businesses had combined 2006 sales of about $200 million; no headcount disclosed. | |||||
| 2007-12-31 | divestiture_reduction | completed | Europe | Decorative Architectural Products (Avocet) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Avocet completed in 2007 as a discontinued operation; gross proceeds $41 million, pre-tax net loss on disposition $11 million. No headcount disclosed. | |||||
| 2007-12-31 | divestiture_reduction | completed | North America | Plumbing Products (two small business units) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Two small Plumbing Products businesses sold during 2007; results included in continuing operations through date of sale. Gross proceeds $10 million, pre-tax net loss $8 million. No headcount disclosed. | |||||
| 2007-12-31 | divestiture_reduction | announced | 2008-02-22 | Europe | Several non-core European business units | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan of disposition announced after fiscal year-end; combined 2007 net sales over $270 million, operating profit $13 million excluding a $108 million goodwill impairment. Expected proceeds exceed $140 million; completion expected within twelve months of filing. No headcount disclosed. | ||||
| 2007-12-31 | restructuring | completed | North America | Cabinets and Related Products | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to closure of a relatively small ready-to-assemble cabinet manufacturing facility, including write-down of inventories and accelerated depreciation. | ||||
| 2007-12-31 | restructuring | completed | North America | Plumbing Products | USD 39 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs related to plant closure and other profit improvement programs, primarily accelerated depreciation and severance expense. | ||||
| 2007-12-31 | restructuring | completed | Global | Corporate | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Increased severance costs included in selling, general and administrative expenses. | ||||
| 2007-09-30 | restructuring | in_progress | Global | Multiple segments | USD 60 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A cites net costs and charges of $60M for the nine months ended 2007-09-30 (and $12M for the quarter) covering rationalization, sourcing, plant closures, headcount reductions and severance; no employee counts disclosed. | ||||
| 2007-09-30 | plant_closure | completed | United States | Cabinets and Related Products | USD 17 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Prior-year (2006) closure of a small cabinet manufacturing facility with $17M nine-month charges; referenced for margin comparison only, no employee count given. Included for context of ongoing program. | ||||
| 2007-09-30 | divestiture_reduction | completed | Europe | Decorative Architectural Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | European business unit deemed non-core and put up for sale during Q2 2007; accounted for as discontinued operations. No headcount disclosed. | |||||
| 2007-09-30 | divestiture_reduction | completed | United States | Plumbing Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two small business units sold for $10M cash proceeds during the nine months ended 2007-09-30; combined 2006 net sales of $33M. No headcount disclosed. | |||||
| 2007-09-30 | acquisition_addition | completed | United States | Installation and Other Services | USD 188 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Aggregate net purchase price of $188M for several small installation service businesses plus Erickson Construction and Guy Evans (combined 2006 sales ~$200M). No employee counts disclosed. | ||||
| 2007-09-30 | restructuring | in_progress | USD 12 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Net costs and charges of $12 million for the three months ended Sept 30, 2007, related to profit improvement programs including headcount reductions, partially offset by $8 million gain from sale of fixed assets. | ||||||
| 2007-09-30 | restructuring | in_progress | USD 60 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Net costs and charges of $60 million for the nine months ended Sept 30, 2007, related to profit improvement programs including headcount reductions, partially offset by $8 million gain from sale of fixed assets. | ||||||
| 2007-09-30 | plant_closure | completed | Cabinets and Related Products | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges of $2 million for the three months ended Sept 30, 2006, related to the closure of a relatively small cabinet manufacturing facility. | |||||
| 2007-09-30 | plant_closure | completed | Cabinets and Related Products | USD 17 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges of $17 million for the nine months ended Sept 30, 2006, related to the closure of a relatively small cabinet manufacturing facility. | |||||
| 2007-09-30 | restructuring | completed | Plumbing Products | USD 7 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges of $7 million for the three months ended Sept 30, 2006, related to profit improvement programs. | |||||
| 2007-09-30 | restructuring | completed | Plumbing Products | USD 35 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges of $35 million for the nine months ended Sept 30, 2006, related to profit improvement programs. | |||||
| 2007-06-30 | restructuring | in_progress | USD 23 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to profit improvement programs for the three months ended June 30, 2007. Employee count not disclosed. | ||||||
| 2007-06-30 | restructuring | in_progress | USD 48 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to profit improvement programs for the six months ended June 30, 2007. Employee count not disclosed. | ||||||
| 2007-03-31 | restructuring | in_progress | USD 25 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Profit improvement programs including headcount reductions, sourcing programs, business consolidations and plant closures; costs and charges of $25 million incurred in Q1 2007 (vs $17 million in Q1 2006). No employee counts disclosed. | ||||||
| 2007-03-31 | restructuring | in_progress | North America and International | Company-wide; MD&A cites Cabinets and Related Products, Plumbing Products, and Installation and Other Services impacts | USD 25 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing profit improvement programs covering headcount reductions, sourcing programs, business consolidations, plant closures and other initiatives; $25 million of pre-tax costs and charges incurred in the three months ended March 31, 2007. No employee counts, severance accrual roll-forward, or completion dates are disclosed in this filing. | ||||
| 2007-03-31 | restructuring | in_progress | USD 25 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs and charges related to profit improvement programs including headcount reductions, sourcing programs, business consolidations, plant closures, and other initiatives. | ||||||
| 2006-12-31 | plant_closure | in_progress | 2006-01 | North America | Plumbing Products | USD 39 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plant closure announced January 2006; 2006 charges of $39M pre-tax, primarily accelerated depreciation and severance, versus original estimate of $70M. | |||
| 2006-12-31 | plant_closure | completed | North America | Cabinets and Related Products | USD 8 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 charges of $8M pre-tax for closure of a relatively small ready-to-assemble cabinet facility, including inventory write-down and accelerated depreciation. | ||||
| 2006-12-31 | divestiture_reduction | completed | United States and Europe | Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Computerized Security Systems completed in 2006; gross proceeds $92M, pre-tax gain $51M. Headcount not disclosed. | |||||
| 2006-12-31 | divestiture_reduction | completed | North America | Plumbing Products; Decorative Architectural Products; Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 sales of Gamco Products, General Accessory, Cambridge Brass and Faucet Queens; gross proceeds $72M. Headcount not disclosed. | |||||
| 2006-12-31 | acquisition_addition | completed | North America | Installation and Other Services | USD 37 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Several relatively small businesses acquired in 2006; total net purchase price $37M ($28M cash net, $9M assumed debt). Headcount added not disclosed. | ||||
| 2006-12-31 | restructuring | completed | 2006-01 | 2006-12-31 | North America | Plumbing Products | USD 39 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Plant closure announced in January 2006. Charges primarily accelerated depreciation and severance expense. | ||
| 2006-12-31 | plant_closure | completed | 2006 | 2006-12-31 | North America | Cabinets and Related Products | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closure of a relatively small ready-to-assemble cabinet manufacturing facility. Charges include write-down of inventories and accelerated depreciation. | ||
| 2006-09-30 | plant_closure | in_progress | 2006-01 | Plumbing Products | USD 35 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plant closure announced January 2006 as part of profit improvement programs; nine-month pre-tax costs of $35 million primarily accelerated depreciation and severance expense; $7 million in Q3. Full-year 2006 program costs expected to total approximately $70 million pre-tax across programs. | ||||
| 2006-09-30 | plant_closure | in_progress | 2006 | Cabinets and Related Products | USD 17 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closure of a relatively small ready-to-assemble cabinet manufacturing facility; nine-month pre-tax costs of $17 million primarily goodwill and inventory write-downs and accelerated depreciation; $2 million in Q3. | ||||
| 2006-09-30 | plant_closure | in_progress | 2006-01 | Plumbing Products | USD 35 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plant closure announced January 2006; nine-month 2006 pre-tax costs of $35M primarily accelerated depreciation and severance. Full-year 2006 program costs expected to total approximately $70M pre-tax across all segments. | ||||
| 2006-09-30 | plant_closure | in_progress | Cabinets and Related Products | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of a relatively small ready-to-assemble cabinet manufacturing facility; nine-month 2006 pre-tax costs of $17M including goodwill and inventory write-downs and accelerated depreciation. | |||||
| 2006-09-30 | divestiture_reduction | completed | 2006-09-30 | United States | Other Specialty Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Computerized Security Systems completed September 2006; net proceeds $91M with a $51M pre-tax gain. No headcount associated with the disposition was disclosed. | ||||
| 2006-09-30 | plant_closure | in_progress | 2006-01 | North America | Plumbing Products | USD 35 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plant closure announced in January 2006. YTD costs of $35 million include accelerated depreciation and severance. | |||
| 2006-09-30 | plant_closure | in_progress | North America | Cabinets and Related Products | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of a relatively small ready-to-assemble cabinet manufacturing facility. YTD costs of $17 million include write-down of goodwill and inventory, and accelerated depreciation. | ||||
| 2006-06-30 | plant_closure | in_progress | 2006-01-01 | Plumbing Products | USD 28 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plant closure announced January 2006 as part of profit improvement programs; first-half 2006 costs and charges of $28 million pre-tax (primarily accelerated depreciation and severance expense) related to this closure and other Plumbing Products profit improvement programs. No employee count disclosed. | ||||
| 2006-06-30 | plant_closure | in_progress | 2006-04-01 | Cabinets and Related Products | USD 15 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closure of a relatively small ready-to-assemble cabinet manufacturing facility in Q2 2006; $15 million pre-tax costs and charges (primarily goodwill and inventory write-downs and accelerated depreciation). No employee count disclosed. | ||||
| 2006-06-30 | plant_closure | in_progress | 2006-01 | 2006-12-31 | Plumbing Products | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plant closure announced January 2006 plus other profit improvement programs; $17M pre-tax charge in Q1 and $11M in Q2 (primarily accelerated depreciation and severance). No employee count disclosed; full-year 2006 program costs expected to total approximately $70M pre-tax across all segments. | |||
| 2006-06-30 | plant_closure | in_progress | Cabinets and Related Products | USD 15 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of a relatively small ready-to-assemble cabinet manufacturing facility; $15M pre-tax charge recorded in Q2 2006 (goodwill and inventory write-down plus accelerated depreciation). Announcement date, completion date, and employee count not disclosed. | |||||
| 2006-06-30 | divestiture_reduction | completed | 2006-04 | 2006-04 | North America | Plumbing Products; Other Specialty Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Cambridge Brass and Faucet Queens completed April 2006; net proceeds $50M with a $2M gain. No headcount associated with the divested businesses was disclosed. | |||
| 2006-06-30 | restructuring | in_progress | 2006-01-01 | 2006-12-31 | Plumbing Products | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes plant closure announced Jan 2006; charges primarily accelerated depreciation and severance. | |||
| 2006-06-30 | plant_closure | completed | 2006-04-01 | 2006-06-30 | Cabinets and Related Products | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of ready-to-assemble cabinet manufacturing facility; charges include goodwill/inventory write-down and accelerated depreciation. | |||
| 2006-03-31 | plant_closure | in_progress | 2006-01 | 2006-12-31 | Plumbing Products | USD 17 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q1 2006 costs primarily accelerated depreciation and severance expense; company expects additional costs through 2006 with full-year total approximating $70 million. No employee count disclosed. | |||
| 2006-03-31 | plant_closure | in_progress | 2006-01 | Plumbing Products | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced January 2006; Q1 charge of $17M primarily accelerated depreciation and severance. Full-year 2006 costs expected to approximate $70M. No employee count disclosed. | ||||
| 2006-03-31 | divestiture_reduction | completed | 2006-04 | North America | Plumbing Products; Other Specialty Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of two small businesses completed April 2006 (subsequent event). No headcount associated with the divestiture was disclosed. | ||||
| 2006-03-31 | plant_closure | in_progress | 2006-01-01 | 2006-12-31 | Plumbing Products | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced January 2006. Incurred $17 million in Q1 2006 (primarily accelerated depreciation and severance). Total expected costs approximate $70 million for full-year 2006. | |||
| 2005-12-31 | plant_closure | announced | 2006-01 | North America | Plumbing Products | USD 70 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced January 2006 (subsequent to fiscal year-end); costs for plant closure and other profit improvement programs expected to approximate $70 million during 2006; no employee count disclosed | |||
| 2005-12-31 | restructuring | in_progress | North America | Multiple segments | USD 30 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges aggregating approximately $30 million related to profit improvement initiatives during FY2005; includes headcount reductions, manufacturing rationalization, and business consolidations; no employee count disclosed | ||||
| 2005-12-31 | divestiture_reduction | completed | 2005-12-31 | Europe and North America | Cabinets and Related Products; other segments | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four businesses disposed of during 2005 (Gebhardt Consolidated, GMU Group, Zenith Products, Aran Group) with combined 2005 net sales of $242 million; no headcount disclosed for divested businesses | ||||
| 2005-12-31 | restructuring | announced | 2006-01 | 2006-12-31 | North America | Plumbing Products | USD 70 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Announced in January 2006 (subsequent event). Includes plant closure and other profit improvement programs. Costs expected to be incurred during 2006. Employee count not disclosed. | ||
| 2005-09-30 | restructuring | in_progress | Plumbing Products | USD 12 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Profit improvement initiatives including severance and product line exit; expected annual savings ~$4M. No employee count disclosed. | |||||
| 2005-09-30 | restructuring | completed | North America | Plumbing Products | USD 12 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charges aggregating $12 million related to profit improvement initiatives, including severance costs and costs associated with exiting a product line. Expected annual cost savings approximating $4 million. | ||||
| 2005-09-30 | divestiture_reduction | completed | Europe | Other | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Disposed of Gebhardt Consolidated and GMU Group businesses in Europe pursuant to a 2004 plan. Total gross proceeds were $130 million. | |||||
| 2005-06-30 | restructuring | in_progress | 2007-12-31 | Global | Various | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company pursuing initiatives including headcount reductions to reduce annual costs by $200 million by end of 2007. Specific employee count not disclosed. | ||||
| 2005-06-30 | divestiture_reduction | completed | 2005-04-01 | Europe | Cabinets and Related Products; Plumbing Products | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Disposal of Gebhardt Consolidated and GMU Group businesses. Expenses recognized primarily related to professional fees and severance/termination benefits. Employee count not disclosed. | ||||
| 2005-03-31 | divestiture_reduction | completed | 2005-03-31 | Europe | Cabinets (GMU Group) and ventilation products (Gebhardt Consolidated) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two European businesses disposed of in early 2005; $130M gross proceeds and an $11M pre-tax gain disclosed, but no employee counts or headcount impact stated. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2004-03-31 | 2004-12-31 | Europe | Multiple segments (Cabinets, Plumbing, Decorative Architectural, Other Specialty) | USD 139 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Jung Pumpen, The Alvic Group, Alma Kuchen, E. Missel, and SKS Group businesses; pre-tax charges of $139M for businesses expected to be divested at a loss; no employee counts disclosed | ||
| 2004-12-31 | divestiture_reduction | in_progress | 2004-03-31 | 2005-03-31 | Europe | Multiple European businesses held for sale | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining European dispositions expected to be completed by March 31, 2005; no employee counts disclosed | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-03-31 | 2004-12-31 | Europe | Various (Cabinets, Plumbing, Other) | USD 139 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Plan of disposition for several European businesses not core to long-term growth strategy. Pre-tax charges of $139 million recognized for businesses expected to be divested at a loss. Specific headcount not disclosed. | ||
| 2004-12-31 | divestiture_reduction | completed | 2004-12-31 | 2004-12-31 | Europe | Various | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Completed sale of Jung Pumpen, The Alvic Group, Alma Kuchen, E. Missel and SKS Group. Gross proceeds $199 million. Specific headcount not disclosed. | |||
| 2004-09-30 | divestiture_reduction | in_progress | 2004-01-01 | 2005-03-31 | Europe | Multiple segments (Cabinets, Plumbing, Decorative Architectural, Other Specialty) | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and termination benefits for European businesses being divested; ~$6M incurred YTD, ~$7M expected in aggregate. No employee count disclosed. | ||
| 2004-09-30 | divestiture_reduction | completed | 2004-07-01 | 2004-09-30 | Europe / North America | Jung Pumpen (Plumbing) and The Alvic Group (Cabinets) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Jung Pumpen and The Alvic Group completed in Q3 2004 for $191M total proceeds. No employee count disclosed. | |||
| 2004-09-30 | restructuring | in_progress | 2004-03-31 | 2005-03-31 | Europe | Cabinets and Related Products, Plumbing Products, Decorative Architectural Products, Other Specialty Products | USD 139 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax impairment charge for assets held for sale, including goodwill and fixed assets. Includes approx $6M severance and termination benefits recorded in first nine months of 2004, with balance expected in next six months. | ||
| 2004-06-30 | divestiture_reduction | in_progress | 2004-01-01 | 2005-03-31 | Europe (including Spain) | Multiple segments (Cabinets, Plumbing, Decorative Architectural, Other Specialty Products) | USD 108 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax impairment charges of $64M in Q1 and $44M in Q2 2004 for European businesses planned for divestiture. Severance and termination benefits of ~$6M recorded in H1 2004, expected ~$10M total. No employee headcount disclosed. | ||
| 2004-06-30 | divestiture_reduction | completed | 2003-09-30 | United States | Baldwin Hardware, Weiser Lock, Marvel Group divisions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed in Q3 2003; accounted for as discontinued operations. No employee headcount disclosed. Included for context as prior-period action still affecting current-period discontinued operations presentation. | ||||
| 2004-06-30 | restructuring | in_progress | 2004-03-31 | 2005-03-31 | Europe | Various European businesses | USD 108 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $64M in Q1 and $44M in Q2 for businesses expected to be divested at a loss. Includes $6M of severance and termination benefits recorded in H1 2004, with approx $4M remaining expected over next nine months. | ||
| 2004-03-31 | divestiture_reduction | in_progress | 2005-03-31 | Europe | Several non-core European businesses | USD 10 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to sell several European businesses deemed not core; approximately $2 million of severance and termination benefits recorded in Q1 2004, with aggregate expected to approximate $10 million recognized over the following twelve months. No employee counts disclosed; dispositions expected within twelve months of the quarter. | |||
| 2004-03-31 | restructuring | in_progress | 2004-03-31 | 2005-03-31 | Europe | Discontinued Operations | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Company recorded approx $2M severance/termination benefits for European businesses held for sale; expects total costs to approximate $10M over next twelve months. | ||
| 2003-12-31 | divestiture_reduction | announced | 2004-03-31 | 2005-03-31 | Europe | Multiple European businesses | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Several European businesses deemed non-core; combined 2003 net sales exceeded $350M with ~$330M net book value. No employee count disclosed. Modest net loss expected; Q1 2004 charge anticipated. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-09-30 | 2003-09-30 | United States | Decorative Architectural Products; Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Baldwin Hardware, Weiser Lock, and Marvel Group completed September 30, 2003. Total proceeds $289M. No employee headcount associated with the divestiture disclosed. | |||
| 2003-09-30 | divestiture_reduction | completed | 2003-09-30 | Decorative Architectural Products | USD 91 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Baldwin Hardware and Weiser Lock businesses to The Black & Decker Corporation completed September 30, 2003; pre-tax gain on disposal of $90.5 million; total proceeds $289 million. Headcount not disclosed. | ||||
| 2003-09-30 | divestiture_reduction | completed | 2003-09-30 | Other Specialty Products | USD 91 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of the Marvel Group to members of Marvel management completed September 30, 2003; combined pre-tax gain on disposal of $90.5 million with Baldwin/Weiser sale; headcount not disclosed. | ||||
| 2003-06-30 | other | completed | Europe | Decorative Architectural Products | USD 23 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Non-cash pre-tax charge of approx $23 million related to business system failure and replacement of senior management members. | ||||
| 2003-06-30 | acquisition_addition | completed | United States | Other Specialty Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of PowerShot Tool Company, Inc. Headcount not disclosed. | |||||
| 2003-06-30 | acquisition_addition | completed | United States | Installation and Other Services | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of several relatively small installation service companies. Headcount not disclosed. | |||||
| 2003-06-30 | divestiture_reduction | announced | 2003-07 | 2003-12-31 | United States | Decorative Architectural Products | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Letter of intent signed for sale of Baldwin Hardware and Weiser Lock businesses. Expected to close late 2003. Headcount not disclosed. | |||
| 2003-03-31 | acquisition_addition | completed | 2003-03-31 | United States | Other Specialty Products | USD 44 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of PowerShot Tool Company. Headcount not disclosed. | |||
| 2003-03-31 | acquisition_addition | completed | 2003-03-31 | United States | Installation and Other Services | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of several relatively small installation service companies. Headcount not disclosed. | ||||
| 2003-03-31 | other | completed | 2003-02-05 | Corporate | USD 21 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Accelerated benefits expensed due to unexpected passing of President and COO. Specific employee count not disclosed. | ||||
| 2002-12-31 | acquisition_addition | completed | 2002-09-30 | United States | Installation and Other Services | USD 735 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Service Partners LLC acquired in Q3 2002; net purchase price $735M including $411M cash and 11.6M shares. Headcount not disclosed. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-12-31 | United States; United Kingdom | Plumbing Products; Other Specialty Products; Installation and Other Services; Cabinets and Related Products | USD 332 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consolidated other 2002 acquisitions including Brasstech, Bristan, Cambrian Windows, Duraflex, Premier Manufacturing, SCE Unlimited, IDI Group, Diversified Cabinet Distributors. Net purchase price $332M. Headcount not disclosed. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-12-31 | Germany | Plumbing Products | USD 112 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Increased ownership in Hansgrohe AG from ~27% to ~64%; net purchase price $112M. Assets/liabilities consolidated at year-end; operating results consolidated beginning 2003. Headcount not disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-12-31 | United States | Cabinets and Related Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | StarMark Cabinetry, Inc. sold for ~$15M cash, approximating book value. Headcount not disclosed. | ||||
| 2002-09-30 | acquisition_addition | completed | United States, United Kingdom | Plumbing Products; Other Specialty Products; Installation and Other Services; Cabinets and Related Products | USD 325 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Aggregate net purchase price of $325M for Newport Brass, Bristan, Cambrian Windows, Duraflex, Premier Manufacturing, SCE Unlimited, IDI Group, and Diversified Cabinet Distributors. No employee headcount disclosed. | ||||
| 2002-09-30 | acquisition_addition | completed | United States | Installation and Other Services | USD 735 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Service Partners LLC acquired in Q3 2002 for approximately $735M. No employee headcount disclosed. | ||||
| 2002-09-30 | divestiture_reduction | completed | United States | Cabinets and Related Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | StarMark Cabinetry sold in Q1 2002; annual sales approximately $50M. No employee headcount disclosed. | |||||
| 2002-06-30 | acquisition_addition | completed | 2002-06-24 | United States; United Kingdom | Plumbing Products; Other Specialty Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second-quarter acquisitions of Newport Brass, Bristan, Cambrian Windows, Duraflex, Premier Manufacturing and several small installation service companies; aggregate net purchase price $280 million. No employee counts disclosed. | ||||
| 2002-03-31 | divestiture_reduction | completed | United States | Cabinets and Related Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold StarMark Cabinetry subsidiary for approximate book value; annual sales ~$50 million. No employee count disclosed. | |||||
| 2002-03-31 | plant_closure | in_progress | United States | Cabinets and Related Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A references recent plant closures and discontinued product line costs affecting Cabinets segment margins; no employee counts or dates disclosed. | |||||
| 2001-12-31 | acquisition_addition | completed | United States (California) | Installation and Other Services | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | BSI Holdings, Inc. acquired in first half of 2001; provider of installed insulation in US and Canada. Aggregate net purchase price ~$636 million. No employee count disclosed. | |||||
| 2001-12-31 | acquisition_addition | completed | United States (Washington) | Other Specialty Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Milgard Manufacturing Incorporated acquired July 2001; windows and patio doors manufacturer. Aggregate net purchase price ~$875 million. No employee count disclosed. | |||||
| 2001-12-31 | acquisition_addition | completed | Italy | Cabinets and Related Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | The Aran Group acquired in first half of 2001; Italian assembled kitchen cabinet manufacturer. No employee count disclosed. | |||||
| 2001-12-31 | acquisition_addition | completed | United Kingdom | Other Specialty Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Griffin Windows Limited acquired in first half of 2001; vinyl window manufacturer. No employee count disclosed. | |||||
| 2001-12-31 | acquisition_addition | completed | United States (Virginia) | Cabinets and Related Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | d-Scan, Inc. acquired in first half of 2001; ready-to-assemble office furniture manufacturer. No employee count disclosed. | |||||
| 2001-12-31 | acquisition_addition | completed | United States (Connecticut) | Plumbing Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Resources Conservation, Inc. acquired in first half of 2001; energy and water saving showerhead manufacturer. No employee count disclosed. | |||||
| 2001-12-31 | divestiture_reduction | completed | 2000-12-31 | 2001-12-31 | United States | Installation and Other Services | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Inrecon business sold during 2001 for cash proceeds ~$232 million (combined with American Metal Products). Part of December 2000 disposition plan. No employee count disclosed. | |||
| 2001-12-31 | divestiture_reduction | completed | 2000-12-31 | 2001-12-31 | United States | Other Specialty Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | American Metal Products sold during 2001 as part of December 2000 disposition plan. No employee count disclosed. | |||
| 2001-12-31 | divestiture_reduction | in_progress | 2000-12-31 | 2002-12-31 | United States | Multiple segments | USD 90 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining businesses under December 2000 disposition plan; net assets held for disposition $130M at 12/31/01. $90M pre-tax charge recorded in December 2000 (prior year). Expected substantially complete by end of 2002. No employee count disclosed. | ||
| 2000-12-31 | restructuring | in_progress | 2000-12-31 | 2001-12-31 | North America and International | Multiple segments | USD 90 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan adopted December 2000 to dispose of non-core businesses with combined annual sales of approximately $600 million; non-cash pre-tax charge of $90.0 million for write-down of goodwill and long-lived assets. No employee count disclosed. | ||
| 2000-12-31 | acquisition_addition | completed | Denmark, United States | Cabinets and Related Products; Decorative Architectural Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2000 acquisitions of Tvilum-Scanbirk A/S (Danish ready-to-assemble cabinetry) and Masterchem Industries, Inc. (paint primer), plus several smaller companies. Aggregate annual sales of acquired businesses approximately $1.3 billion. No headcount disclosed. | |||||
| 2000-12-31 | acquisition_addition | completed | 2001-01-31 | United States and Canada | Insulation Installation and Other Services | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | BSI Holdings, Inc. acquired January 2001 (subsequent event), a provider of installed insulation and other products in the United States and Canada. No headcount disclosed. | ||||
| 2000-03-31 | acquisition_addition | completed | 2000-01-26 | Denmark (Faarvang); international | Ready-to-assemble furniture (cabinetry, shelving, storage units, workstations) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase acquisitions in Q1 2000 included Tvilum-Scanbirk A/S (1999 sales over $200 million) plus a smaller unnamed company; aggregate net purchase price about $260 million, excluding about $60 million assumed debt, including about four million Masco shares valued at about $90 million. No employee counts disclosed for the acquired workforce. | ||||
| 1999-12-31 | acquisition_addition | completed | North America and Europe | Multiple | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | 13 businesses acquired during 1999 and early 2000 with aggregate annual sales of approximately $2 billion; headcount not disclosed. | |||||
| 1999-12-31 | acquisition_addition | completed | North America | Multiple | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mergers with Behr Process Corporation, Mill's Pride L.L.P., and a smaller company completed Q3 1999; approximately 104 million shares issued; headcount not disclosed. | |||||
| 1999-06-30 | acquisition_addition | completed | United States; United Kingdom; Spain | Kitchen and Bath Products; Builders' Hardware and Other Specialty Products; Environmental Products and Services | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Five cash acquisitions (Avocet Hardware PLC, The Cary Group, The GMU Group, A&J Gummers, The Faucet Queens) for an aggregate net purchase price of approximately $405 million; combined 1998 annual net sales of the acquired companies were approximately $350 million. No headcount added through these acquisitions is disclosed. | |||||
| 1999-03-31 | acquisition_addition | completed | United Kingdom and United States | Kitchen and Bath Products | USD 63 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Late in Q1 1999 the Company acquired A&J Gummers (U.K. shower valve maker) and The Faucet Queens, Inc. (U.S. plumbing accessories and hardware supplier), accounted for as purchases. Aggregate net purchase price approximately $63 million, not allocated between the two companies. No employee counts disclosed. | ||||
| 1999-03-31 | acquisition_addition | completed | United Kingdom and United States | Builders' Hardware and Other Specialty Products; Environmental Products and Services | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired during the second quarter of 1999 (after the March 31, 1999 period end): Avocet Hardware PLC, a U.K. locks and builders' hardware supplier, and The Cary Group, a U.S. insulation services company. No purchase price or employee counts disclosed for these transactions. | |||||
| 1999-03-31 | acquisition_addition | announced | 1999-06-30 | Spain | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement entered to acquire The GMU Group, a manufacturer and distributor of kitchen cabinets and cabinet components headquartered in Zumaya, Spain; completion expected in the second quarter of 1999. No purchase price or employee counts disclosed. | ||||
| 1998-12-31 | acquisition_addition | completed | Belgium, Netherlands, England | Environmental Products and Services; Kitchen and Bath Products | USD 323 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Combined purchase price for 1998 acquisitions net of cash acquired was approximately $323 million; includes Vasco Corporation (Belgium), The Brugman Group (Netherlands), Heritage Bathrooms PLC (England), and several smaller companies. No headcount disclosed. | ||||
| 1998-12-31 | divestiture_reduction | completed | United States | Kitchen and Bath Products (kitchen appliances) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Thermador subsidiary completed July 1998; annual net sales approximately $140 million. No headcount disclosed. | |||||
| 1998-09-30 | acquisition_addition | completed | United States; Canada; Europe | Kitchen and Bath Products; Other Specialty Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four 1998 acquisitions (Vasco, General Accessory Manufacturing, Mirolin Industries, Brugman Group) with aggregate net purchase price of approximately $238 million; no employee counts disclosed. Acquired companies had combined 1997 annual net sales of approximately $150 million. | |||||
| 1998-09-30 | divestiture_reduction | completed | 1998-07 | 1998-07 | United States | Kitchen appliances (Thermador subsidiary) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed in July 1998; subsidiary had annualized 1998 net sales of approximately $140 million. No headcount associated with the disposal was disclosed. | |||
| 1998-06-30 | acquisition_addition | completed | United States | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired GeneralAccessory Manufacturing Company (stainless steel washroom accessories and partitions) during Q2 1998; no headcount disclosed. | |||||
| 1998-06-30 | acquisition_addition | completed | Canada | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired Mirolin Industries, Inc. (Canadian manufacturer of tubs, shower enclosures, whirlpools) during Q2 1998; no headcount disclosed. | |||||
| 1998-06-30 | acquisition_addition | completed | Belgium | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired Vasco Corporation (residential hydronic radiators and heat convectors) during Q1 1998; no headcount disclosed. | |||||
| 1998-06-30 | acquisition_addition | completed | Europe | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired The Brugman Group (European residential hydronic radiators) in July 1998 subsequent to quarter end; no headcount disclosed. | |||||
| 1998-06-30 | divestiture_reduction | completed | 1998-07-31 | United States | Kitchen Appliances | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completed sale of Thermador subsidiary (U.S. kitchen appliances, ~$140M annualized net sales) in July 1998 subsequent to quarter end; no headcount disclosed. | ||||
| 1997-12-31 | acquisition_addition | completed | 1997-07-25 | 1997-07-25 | United States | Kitchen and Bath Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Texwood Industries, Inc., a U.S. manufacturer of kitchen and bath cabinetry, acquired during 1997. Headcount not disclosed. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-01-01 | 1997-12-31 | United States | Kitchen and Bath Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Franklin Brass Manufacturing Company, a leading manufacturer of bath accessories and bath safety products, acquired in early 1997. Headcount not disclosed. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-02-21 | 1997-12-31 | United States | Other Specialty Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | LaGard Inc., electronic lock sets for banking industry, acquired during 1997. Headcount not disclosed. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-12-31 | 1997-12-31 | United States | Other Specialty Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Liberty Hardware Manufacturing Corporation, a producer of quality cabinet and builders' hardware, acquired during 1997. Headcount not disclosed. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-12-31 | 1997-12-31 | Germany | Other Specialty Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | The SKS Group, a leading German manufacturer and distributor of roller shutters and aluminum balcony railings, acquired during 1997. Headcount not disclosed. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-12-31 | 1997-12-31 | Spain | Kitchen and Bath Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | The Alvic Group, a leading Spanish manufacturer and distributor of kitchen and bath cabinetry and components, acquired during 1997. Headcount not disclosed. | |||
| 1997-12-31 | acquisition_addition | announced | 1998-01-01 | 1998-12-31 | Belgium | Other Specialty Products | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Vasco Corporation, a leading European manufacturer of residential decorative hydronic radiators and heat convectors, acquired in early 1998 (subsequent to fiscal year-end). Headcount not disclosed. | |||
| 1997-09-30 | acquisition_addition | completed | Spain, Germany, United States | Kitchen and Bath Products; Other Specialty Products | USD 430 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidated program: six acquisitions in the first nine months of 1997 (Alvic Group, SKS Group, Texwood Industries, Liberty Hardware, Franklin Brass, LaGard). Combined purchase price about $430 million; combined 1996 net sales about $340 million. No employee counts disclosed for any acquisition. | ||||
| 1997-06-30 | acquisition_addition | completed | United States | Kitchen and Bath Products (cabinet and builders' hardware) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Liberty Hardware Manufacturing Corporation acquired in Q2 1997; exact date and headcount added not disclosed. | |||||
| 1997-06-30 | acquisition_addition | completed | United States | Kitchen and Bath Products (bath accessories and electronic locks) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Franklin Brass Manufacturing Company and LaGard Inc. acquired in Q1 1997; exact dates and headcount added not disclosed. | |||||
| 1997-06-30 | acquisition_addition | announced | Spain | Kitchen and Bath Products (kitchen and bath cabinetry) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | The Alvic Group acquired in July 1997, after quarter end; headcount added not disclosed. | |||||
| 1997-06-30 | acquisition_addition | announced | Germany | Other Specialty Products (rolling shutters and balcony railing systems) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | The SKS Group acquired in July 1997, after quarter end; headcount added not disclosed. | |||||
| 1997-06-30 | acquisition_addition | announced | United States | Kitchen and Bath Products (kitchen and bath cabinetry) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Texwood Industries Inc. acquired in July 1997, after quarter end; headcount added not disclosed. Combined purchase price for all 1997 acquisitions through July was approximately $420 million, including about 2.9 million shares of Company common stock. | |||||
| 1997-03-31 | acquisition_addition | completed | United States | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired during Q1 1997 as part of a combined approximately $55 million purchase price with LaGard Inc.; no employee count disclosed. Franklin Brass makes bath accessories and bath safety products. | |||||
| 1997-03-31 | acquisition_addition | completed | United States | Kitchen and Bath Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Electronic lock manufacturer acquired in Q1 1997; 240,100 shares of common stock issued to its shareholders in a private placement exempt under Section 4(2). No employee count disclosed. | |||||
| 1996-12-31 | divestiture_reduction | completed | 1995-11-30 | 1996-08-01 | United States | Home Furnishings Products | USD 650 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Furnishings International completed August 1996; no employee count disclosed. $650M pre-tax and after-tax charge recorded in Q4 1995. | ||
| 1996-12-31 | acquisition_addition | completed | 1996-06-30 | 1996-06-30 | United Kingdom | Kitchen and Bath Products — Cabinets | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | UK kitchen cabinet manufacturer acquired in Q2 1996; aggregate purchase price for three European acquisitions was approximately $173 million; no employee count disclosed. | |||
| 1996-12-31 | acquisition_addition | completed | 1996-06-30 | 1996-06-30 | Germany | Kitchen and Bath Products — Bath and Shower | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | German shower enclosure manufacturer acquired in Q2 1996; no employee count disclosed. | |||
| 1996-12-31 | acquisition_addition | completed | 1996-09-30 | 1996-09-30 | Germany | Other Specialty Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | German manufacturer of proprietary plumbing insulation materials acquired in Q3 1996; no employee count disclosed. | |||
| 1996-09-30 | divestiture_reduction | completed | 1996-04-01 | 1996-08-05 | Home furnishings products segment | USD 650 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Furnishings International Inc. finalized 1996-08-05; segment classified as discontinued operations in November 1995. No employee counts disclosed. The $650 million charge was recorded at 1995-12-31 and approximated the actual loss on disposition. | |||
| 1996-09-30 | acquisition_addition | completed | Germany and United Kingdom | Plumbing specialty products; kitchen and bath cabinets; shower enclosures | USD 173 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | E. Missel GmbH acquired in Q3 1996; Moore Group Ltd. and Horst Breuer GmbH acquired in Q2 1996. Aggregate purchase price approximately $173 million; combined 1995 net sales approximately $140 million. No headcount added disclosed. | ||||
| 1996-06-30 | acquisition_addition | completed | 1996-06-30 | United Kingdom; Germany | Building Products (kitchen/bath cabinets; shower enclosures) | USD 100 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Late in Q2 1996 acquired Moore Group Ltd. (UK) and Horst Breuer GmbH (Germany) for approximately $100 million; combined 1995 net sales approximately $100 million. No employee headcount disclosed. | |||
| 1996-06-30 | divestiture_reduction | completed | 1996-04-01 | 1996-08-05 | Not specified | Home furnishings products segment | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Furnishings International Inc. finalized 1996-08-05 (subsequent event); proceeds exceed $1.0 billion. No employee headcount disclosed for transferred workforce. | |||
| 1995-12-31 | divestiture_reduction | announced | 1995-11-30 | 1996-12-31 | United States | Home Furnishings Products | USD 650 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved formal plan to dispose of home furnishings segment in late November 1995; $650M non-cash after-tax charge for anticipated loss on disposition; no employee count disclosed | ||
| 1995-12-31 | acquisition_addition | completed | United States | Home Improvement and Building Products — Insulation Installation | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Gale Industries, Inc. in 1995; installs fiberglass insulation for residential home building; operates approximately 70 facilities; no headcount disclosed | |||||
| 1995-09-30 | restructuring | in_progress | Home Furnishings Group | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Home furnishings restructuring costs cited as a driver of higher cost-of-sales ratio in Q3 and YTD 1995; no employee count or charge amount disclosed. | ||||||
| 1995-09-30 | restructuring | in_progress | Company-wide | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charges and reserves for profit improvement programs and asset disposals offset the $15.9M Formica gain; no employee count or charge amount disclosed. | ||||||
| 1995-09-30 | divestiture_reduction | announced | 1995-06-30 | Home Furnishings Group | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board directed exploration of divestiture alternatives (IPO, spin-off, or sale) announced in Q2 1995; group had ~$1.9B 1994 sales and ~$80M operating profit; no headcount disclosed. |