Masco (MAS)

Company ID: 290 | CIK: 0000062996
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Major Customers (% of Revenue)

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Operational KPIs

Contract liability balance (backlog)

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Installation branch locations (branches)

Litigation settlement claims received (claims_count)

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Top U.S. builder relationships (customers)

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Employees (headcount)

Accounts payable days (other)

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Acquired company sales (other)

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Additional borrowing capacity (other)

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Allowance for credit losses (other)

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Annual cost reduction target (other)

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Architectural coatings mix (other)

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Architectural coatings revenue mix (other)

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Architectural coatings revenue share (other)

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Architectural coatings share of net sales (other)

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Architectural coatings share of sales (other)

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Available borrowing capacity (other)

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Bad debt expense (other)

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Business rationalization charges (other)

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Color Solutions Centers (other)

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Common shares issued and outstanding (other)

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Countries with operations (other)

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Emco ownership (other)

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Equity ownership in Hans Grohe (other)

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Equity ownership in MascoTech (other)

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Equity ownership in TriMas (other)

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European organic sales growth (other)

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Facilities closed (other)

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Gross margin (other)

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Hans Grohe ownership (other)

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Hansgrohe ownership (other)

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Holders of record (other)

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Home improvement retail market growth (other)

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Home improvement retail sales growth (other)

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Hourly workforce diversity (other)

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Housing starts (other)

Housing starts decline (other)

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Housing starts estimate (other)

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Housing starts forecast (other)

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Housing starts growth (other)

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Housing starts outlook (other)

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IEEPA tariff refund benefit (other)

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Installation branches reduced (other)

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Insulation installation revenue mix (other)

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Insulation installation revenue share (other)

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Insulation installation share of sales (other)

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Insulation share of net sales (other)

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Inventory days (other)

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Leadership diversity (other)

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Leadership team diversity (other)

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Letters of credit outstanding (other)

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Locations closed (other)

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Long-term debt to capitalization (other)

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Long-term stock awards granted (other)

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Manufacturing facilities closed (other)

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Manufacturing facilities closed or sold (other)

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Manufacturing facilities to close (other)

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MascoTech ownership (other)

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Net assets held for disposition (other)

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Net cash from operating activities (other)

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Net cash provided by operating activities (other)

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Net sales growth (other)

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Net sales growth ex-currency (other)

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Net sales growth excluding acquisitions (other)

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Net selling price change (other)

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Net selling price impact (other)

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New home construction growth (other)

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Non-insulation share of segment sales (other)

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North America share of net sales (other)

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North American sales share (other)

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North American share of net sales (other)

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Operating lease discount rate (other)

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Operating locations (other)

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Operating margin (other)

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Operating margin ex. unusual expense (other)

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Operating profit margin (other)

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Organic net sales growth (other)

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Ownership interest in affiliate (other)

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Pension plan contributions (other)

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Potential tariff cost exposure (other)

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Price impact on net sales (other)

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Product SKUs (other)

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Product sales mix (other)

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Profit improvement program costs (other)

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Quarterly dividend per share (other)

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Racially/ethnically diverse workforce representation (other)

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Ratio of earnings to fixed charges (other)

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Rationalization charges (other)

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Receivable days (other)

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SG&A expense ratio (other)

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SG&A percent of sales (other)

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SG&A percentage of sales (other)

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Salaried workforce diversity (other)

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Sales mix impact on net sales (other)

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Share repurchase authorization (other)

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Shelf registration capacity (other)

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Stock-based compensation expense (other)

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Stockholders of record (other)

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Supplier finance program (other)

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Supplier finance program confirmed (other)

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Supplier finance program obligations (other)

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Total debt to capitalization (other)

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Unrecognized option compensation (other)

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Unused revolver borrowing capacity (other)

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Volume impact on net sales (other)

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Warranty accruals issued (other)

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Warranty liability (other)

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Warranty settlements (other)

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Weighted average diluted common shares (other)

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Weighted-average lease term (other)

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Women workforce representation (other)

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Working capital as percent of net sales (other)

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Y2K program cost (other)

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Faucet manufacturing plants (properties)

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New faucet plant square footage (square_footage)

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In-store color centers (stores)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progress2025-10-012026-12-31USD 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.
2026-06-30restructuringin_progress2026-01-01Plumbing 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.
2026-06-30divestiture_reductioncompleted2026-07-28United KingdomPlumbing 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.
2026-06-30restructuringin_progress2026-12-31USD 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.
2026-06-30restructuringin_progressUnited StatesPlumbing Products / Decorative Architectural ProductsMD&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.
2026-06-30divestiture_reductionannounced2026-07-282026-07-28United KingdomPlumbing Productssubsequent_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.
2026-06-30restructuringin_progress2025-10-012026-12-31GlobalCorporate and OperationsUSD 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.
2026-06-30restructuringin_progress2026-01-01GlobalPlumbing ProductsMD&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.
2026-03-31restructuringin_progress2025-10-012026-12-31USD 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.
2026-03-31restructuringin_progress2026-01-01Plumbing 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.
2026-03-31restructuringin_progress2025-10-012026-12-31USD 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.
2026-03-31restructuringin_progress2026-01-01Plumbing 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.
2026-03-31restructuringin_progress2025-10-012026-12-31GlobalCorporate and OperationsUSD 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.
2025-12-31restructuringin_progressCompany-wideUSD 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.
2025-12-31otherannouncedUnited StatesLiberty Hardware integrated into Delta Faucet; moves from Decorative Architectural Products to Plumbing Products segmentsubsequent_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.
2025-12-31restructuringin_progress2025-10-01USD 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.
2025-06-30othercompleted12025-07-082025-07-06United StatesCorporateother
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.
2024-12-31restructuringcompletedUSD 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.
2024-12-31divestiture_reductioncompletedDecorative Architectural ProductsUSD 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.
2024-12-31restructuringin_progressConsolidatedUSD 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.
2024-12-31divestiture_reductioncompleted2024-09-30Decorative Architectural Productsdiscontinued_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.
2024-12-31restructuringcompletedUSD 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.
2024-12-31divestiture_reductioncompleted2024-09-30Decorative Architectural ProductsItem_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.
2024-12-31acquisition_additioncompleted2023-09-30Plumbing ProductsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Sauna360 Group Oy completed in the third quarter of 2023. Employee count not disclosed.
2024-09-30acquisition_additioncompleted2024-03-31NetherlandsPlumbing ProductsUSD 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.
2024-09-30divestiture_reductioncompleted2024-09-30North AmericaDecorative Architectural ProductsUSD -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.
2023-12-31restructuringcompletedUSD 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.
2023-12-31acquisition_additioncompletedPlumbing Productsbusiness_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.
2023-12-31acquisition_additioncompletedFinland (Europe)Plumbing ProductsUSD 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.
2023-12-31restructuringin_progressNot disclosedNot disclosedUSD 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.
2023-12-31acquisition_additioncompleted2024-01-04Netherlands / GermanyPlumbing ProductsUSD 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.
2023-09-30acquisition_additioncompleted2023-09-30FinlandPlumbing ProductsUSD 136 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Sauna360 Group Oy for approx $136 million. Headcount not disclosed.
2023-09-30otherannounced2023-08-28United StatesCorporateother
f5-10q / Qwen3.6-27B-Q8_0
Employment offer letter for Richard Westenberg dated August 28, 2023.
2023-09-30otherannounced2023-10-252024-04-30United StatesCorporateUSD 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.
2023-06-30voluntary_separationcompleted12023-05-312023-05-31United StatesCorporateother
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.
2023-06-30voluntary_separationcompleted12023-06-302023-06-30United StatesCorporateother
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.
2022-12-31restructuringin_progressEnterprise-wideUSD 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.
2021-12-31acquisition_additioncompleted2021-01-042021-01-04NetherlandsPlumbing Productsbusiness_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.
2021-12-31acquisition_additioncompleted2021-09-302021-09-30United StatesPlumbing Productsbusiness_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.
2021-12-31divestiture_reductioncompleted2021-05-312021-05-31GermanyPlumbing ProductsUSD 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.
2021-12-31restructuringin_progressUSD 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.
2021-09-30acquisition_additioncompletedUnited StatesPlumbing Productsbusiness_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.
2021-09-30acquisition_additioncompleted2021-01-04EuropePlumbing Productsbusiness_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.
2021-09-30divestiture_reductioncompleted2021-05-31EuropePlumbing Productsother
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.
2021-06-30divestiture_reductioncompleted2021-05-31Germany/EuropePlumbing ProductsUSD 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.
2021-06-30acquisition_additioncompleted2021-01-042021-01-04Netherlands/EuropePlumbing ProductsUSD 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.
2021-06-30acquisition_additionannounced2021-07-012021-07-01Plumbing ProductsUSD 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.
2021-03-31acquisition_additioncompleted2021-01-04Europe (Netherlands-based target)Plumbing Productsbusiness_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.
2021-03-31divestiture_reductionannounced2021-03-012021-06-30GermanyPlumbing Productsother
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.
2020-12-31divestiture_reductioncompleted2019-11-142020-02-18North AmericaCabinetry 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.
2020-12-31acquisition_additioncompleted2020-03-31IsraelPlumbing ProductsUSD 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.
2020-12-31acquisition_additioncompleted2020-12-31United StatesPlumbing ProductsUSD 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.
2020-12-31acquisition_additioncompleted2020-12-31United StatesDecorative Architectural ProductsUSD 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.
2020-12-31restructuringcompleted2020-12-31North AmericaPlumbing ProductsUSD 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.
2020-12-31restructuringcompleted2020-12-31North AmericaDecorative Architectural ProductsUSD 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.
2020-12-31acquisition_additionannounced2020-11-102021-01-04NetherlandsPlumbing ProductsUSD 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.
2020-12-31restructuringcompletedNorth AmericaPlumbing ProductsUSD 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.
2020-12-31restructuringcompletedDecorative Architectural ProductsUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs incurred in 2020 related to business rationalizations.
2020-03-31acquisition_additioncompleted2020-03-31Plumbing Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired SmarTap A.Y Ltd. for ~$24M in Q1 2020; no headcount impact disclosed.
2020-03-31divestiture_reductioncompleted2020-02-18United StatesCabinetry (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.
2020-03-31acquisition_additioncompleted2020-03-31Plumbing ProductsUSD 24 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired SmarTap A.Y Ltd. for approx $24 million. Headcount not disclosed.
2020-03-31divestiture_reductioncompleted2020-02-18Cabinetry ProductsUSD 989 (millions)discontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Completed divestiture of Masco Cabinetry LLC. Headcount not disclosed.
2019-12-31divestiture_reductioncompleted2019-09-062019-09-06United KingdomWindows and Other Specialty Productsdiscontinued_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.
2019-12-31divestiture_reductioncompleted2019-11-062019-11-06North AmericaWindows and Other Specialty Productsdiscontinued_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.
2019-12-31divestiture_reductionannounced4,0002019-11-142020-03-31North AmericaCabinetry ProductsItem_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.
2019-12-31restructuringin_progressNorth AmericaPlumbing ProductsUSD 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.
2019-12-31divestiture_reductioncompleted4,0002019-11-14United StatesMasco CabinetryItem_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.
2019-12-31restructuringcompletedNorth AmericaPlumbing ProductsUSD 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.
2019-09-30divestiture_reductioncompleted2019-09-062019-09-06United KingdomWindows 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.
2019-09-30divestiture_reductionannounced2019-09-292019-12-31United StatesWindows 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.
2019-09-30divestiture_reductionannouncedCabinetry ProductsMD&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.
2019-09-30divestiture_reductioncompleted2019-09-06United KingdomWindows and Other Specialty ProductsUSD 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.
2019-09-30divestiture_reductionannounced2019-09-292019-12-31North AmericaWindows and Other Specialty Productsdiscontinued_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.
2019-09-30othercompleted12019-07-192019-07-19United StatesCorporateUSD 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.
2019-06-30divestiture_reductionannouncedUnited StatesCabinetry Products; Windows and Other Specialty ProductsMD&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.
2018-12-31plant_closurecompletedNorth AmericaPlumbing ProductsUSD 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
2018-12-31plant_closurecompletedUnited KingdomWindows and Other Specialty ProductsUSD 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
2018-12-31acquisition_additioncompleted2018-03-092018-03-09United StatesDecorative Architectural Productsbusiness_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)
2018-12-31restructuringcompletedNorth AmericaPlumbing ProductsUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to plant closure costs in North America.
2018-12-31restructuringcompletedUnited KingdomWindows and Other Specialty ProductsUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to plant closure costs and severance in the United Kingdom.
2018-06-30acquisition_additioncompleted2018-03-09United StatesDecorative Architectural ProductsUSD 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.
2018-06-30acquisition_additioncompleted2018-03-09Decorative Architectural Productsbusiness_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.
2018-06-30divestiture_reductioncompletedWindows and Other Specialty Productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Divested Arrow Fastener Co., LLC in Q2 2017. Headcount not disclosed in this filing.
2018-03-31acquisition_additioncompleted2018-03-09United StatesDecorative Architectural ProductsUSD 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.
2017-12-31divestiture_reductioncompleted2017-06-302017-06-30United StatesWindows and Other Specialty Productsdiscontinued_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.
2017-12-31divestiture_reductioncompleted2017-12-312017-12-31United KingdomCabinetry Productsdiscontinued_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.
2017-12-31acquisition_additioncompleted2017-12-312017-12-31United StatesPlumbing Productsbusiness_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.
2017-12-31restructuringin_progressNorth AmericaPlumbing ProductsUSD 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.
2017-12-31plant_closurein_progressNorth AmericaCabinetry ProductsUSD 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.
2017-12-31acquisition_additionannounced2017-12-312018-03-31United StatesDecorative Architectural Productssubsequent_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.
2017-12-31restructuringcompletedNorth AmericaPlumbing ProductsUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to plant closure costs and severance.
2017-12-31restructuringcompletedNorth AmericaCabinetry ProductsUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to plant closure costs.
2017-12-31divestiture_reductioncompletedUnited KingdomCabinetry ProductsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Divestiture of U.K. manufacturer of kitchen and bathroom furniture business (Moores).
2017-12-31divestiture_reductioncompletedUnited StatesWindows and Other Specialty ProductsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Divestiture of U.S. fastener and tool business (Arrow).
2017-12-31acquisition_additioncompletedUnited StatesPlumbing ProductsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of U.S. plastics processor and manufacturer of water handling systems (Mercury Plastics).
2017-09-30restructuringin_progressUSD 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.
2017-09-30divestiture_reductioncompletedWindows and Other Specialty Productsother
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.
2017-06-30restructuringin_progressUSD 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.
2017-03-31restructuringin_progressUSD 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.
2016-12-31restructuringcompletedCanada and international operationsPlumbing ProductsUSD 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.
2016-12-31restructuringcompletedNorth AmericaCabinetry ProductsUSD 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.
2016-12-31restructuringcompletedUnited StatesWindows and Other Specialty ProductsUSD 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.
2016-12-31restructuringcompletedUnited StatesCorporateUSD 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.
2016-12-31restructuringcompleted2016-12-312016-12-31GlobalMultiple segmentsUSD 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.
2016-09-30restructuringin_progressUSD 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.
2016-09-30restructuringin_progressUSD 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.
2016-09-30restructuringin_progressUSD 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.
2016-06-30restructuringin_progressUSD 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.
2016-06-30restructuringin_progressUSD 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.
2016-06-30restructuringin_progressUSD 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.
2016-06-30restructuringin_progressUSD 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.
2016-03-31restructuringin_progressUSD 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.
2016-03-31restructuringin_progressUSD 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.
2016-03-31restructuringin_progressUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to severance recorded in SG&A. Employee count not disclosed.
2015-12-31divestiture_reductioncompleted2014-09-302015-06-30United StatesInstallation and Other Servicesdiscontinued_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.
2015-12-31restructuringin_progressNorth AmericaPlumbing ProductsUSD 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.
2015-12-31restructuringin_progressNorth AmericaCabinets and Related ProductsUSD 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.
2015-12-31restructuringin_progressUnited StatesCorporateUSD 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.
2015-12-31acquisition_additioncompleted2015-03-31United StatesPlumbing ProductsUSD 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.
2015-12-31acquisition_additioncompleted2015-06-30United KingdomOther Specialty ProductsUSD 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.
2015-12-31restructuringcompleted2015-01-012015-12-31North AmericaCabinets and Related ProductsUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to cost savings initiatives.
2015-12-31restructuringcompleted2015-01-012015-12-31GlobalPlumbing ProductsUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to severance and other cost savings initiatives across multiple businesses.
2015-12-31restructuringcompleted2015-01-012015-12-31GlobalCorporateUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to severance actions.
2015-09-30divestiture_reductioncompleted2014-09-302015-06-30Installation 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.
2015-09-30restructuringin_progressUSD 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.
2015-09-30restructuringin_progressCorporate officerestructuring_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).
2015-09-30acquisition_additioncompletedUnited KingdomOther Specialty ProductsUSD 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.
2015-09-30acquisition_additioncompletedPlumbing ProductsUSD 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.
2015-09-30divestiture_reductioncompleted2014-09-302015-06-30United StatesInstallation 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.
2015-09-30restructuringin_progressCabinets and Related Products; corporate officesUSD 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.
2015-09-30restructuringcompletedCorporateUSD 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.
2015-09-30restructuringcompletedCorporateUSD 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.
2015-09-30divestiture_reductioncompleted2014-09-302015-06-30Installation 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.
2015-06-30restructuringin_progressUSD 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.
2015-06-30divestiture_reductioncompleted2014-09-302015-06-30Installation and Other Servicesother
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.
2015-06-30restructuringin_progressMultiple segments — business rationalization and other initiativesUSD 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.
2015-06-30divestiture_reductioncompleted2014-09-302015-06-30Installation 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.
2015-06-30restructuringin_progressUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to severance for the three months ended June 30, 2015.
2015-06-30restructuringin_progressUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to severance for the six months ended June 30, 2015.
2015-03-31divestiture_reductionannounced2014-09-302015-06-30Installation and Other ServicesUSD 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.
2015-03-31restructuringin_progressUSD 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.
2015-03-31reduction_in_forcein_progressUSD 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.
2015-03-31restructuringin_progressUSD 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.
2015-03-31divestiture_reductionin_progress2014-09-30Installation and Other ServicesUSD 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.
2015-03-31acquisition_additioncompletedPlumbing ProductsUSD 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.
2015-03-31restructuringin_progressUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to severance recorded in SG&A; employee count not disclosed.
2015-03-31restructuringin_progressInstallation and Other ServicesUSD 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.).
2014-12-31plant_closurein_progressNorth AmericaCabinets and Related ProductsUSD 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).
2014-12-31restructuringin_progressUnited StatesCorporateUSD 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.
2014-12-31restructuringin_progressMultipleAll business unitsUSD 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).
2014-12-31divestiture_reductionannounced2014-09-302015-06-30United StatesInstallation and Other ServicesUSD 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.
2014-12-31restructuringcompleted2014North AmericaCabinets and Related ProductsUSD 31 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs related to actions taken to sell two previously idled manufacturing facilities.
2014-12-31restructuringcompleted2014CorporateGeneral CorporateUSD 27 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs primarily related to severance actions at corporate office.
2014-12-31restructuringcompleted2014GlobalVarious Business UnitsUSD 8 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs and charges across business units related to other cost savings initiatives.
2014-12-31restructuringin_progress2014-09-302015-06-30GlobalInstallation and Other ServicesUSD 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.
2014-09-30restructuringin_progressUnited StatesCorporate officeUSD 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.
2014-09-30restructuringin_progressCorporate officeUSD 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.
2014-09-30plant_closureannounced2014-09-30Cabinets and Related ProductsUSD 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.
2014-09-30divestiture_reductionannounced2014-09-302015-06-30Installation and Other Servicessubsequent_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.
2014-09-30restructuringin_progressUnited StatesCorporateUSD 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.
2014-09-30plant_closurein_progressUnited StatesCabinets and Related ProductsUSD 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.
2014-09-30divestiture_reductionannounced2014-09-302015-06-30GlobalInstallation and Other Servicesother
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.
2014-09-30restructuringin_progressUnited StatesCorporate OfficeUSD 13 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance and early retirement charges for corporate office actions in Q3 2014.
2014-09-30restructuringin_progressUnited StatesCabinets and Related ProductsUSD 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.
2014-06-30restructuringin_progress2014-12-31Corporate officeUSD 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.
2014-06-30voluntary_separationin_progressUSD 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.
2014-06-30restructuringin_progressNot specified (Company-wide, including corporate office)Company-wide; includes corporate office severanceUSD 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.
2014-06-30restructuringin_progressGlobalCorporate office and various segmentsUSD 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.
2014-03-31restructuringin_progressUSD 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.
2014-03-31restructuringin_progressUSD 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.
2014-03-31restructuringin_progressUSD 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.
2014-03-31restructuringcompletedUSD 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.
2013-12-31plant_closurecompletedNorth AmericaCabinets and Related ProductsUSD 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.
2013-12-31restructuringcompletedNorth AmericaPlumbing ProductsUSD 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.
2013-12-31restructuringcompletedNot specifiedMultiple business unitsUSD 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).
2013-12-31voluntary_separationcompletedNot specifiedNot specifiedUSD 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.
2013-12-31divestiture_reductioncompleted2013-02-012013-12-31DenmarkCabinets 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.
2013-12-31acquisition_additioncompleted2013-03-31United KingdomOther 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.
2013-12-31restructuringcompleted2013North AmericaCabinets and Related ProductsUSD 11 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs related to closure of cabinet components facility and additional severance.
2013-12-31restructuringcompleted2013North AmericaPlumbing ProductsUSD 16 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs related to plant consolidation and severance in bathing systems business.
2013-12-31restructuringcompleted2013GlobalVariousUSD 21 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs and charges across business units related to other cost savings initiatives.
2013-12-31divestiture_reductioncompleted2013-022013-12DenmarkCabinets and Related ProductsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Disposition of Danish ready-to-assemble cabinet business (Tvilum). Employee count not disclosed.
2013-09-30restructuringin_progress2013-12-31Company-wide, including a business integration within the Plumbing Products segmentUSD 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.
2013-09-30restructuringin_progress2013-12-31Company-wideUSD 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.
2013-09-30voluntary_separationin_progressCompany-wideUSD 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.
2013-09-30voluntary_separationin_progressNot specifiedCompany-wideUSD 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.
2013-09-30plant_closurein_progressNot specifiedPlumbing ProductsMD&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.
2013-09-30restructuringin_progressUSD 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.
2013-09-30restructuringin_progressPlumbing ProductsMD&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.
2013-06-30voluntary_separationin_progressUSD 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.
2013-06-30restructuringin_progressCompany-wide; includes plant closures and headcount reductions related to a business integration within the Plumbing Products segmentUSD 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.
2013-06-30restructuringin_progressNot specifiedCompany-wide; MD&A cites additional plant closures and headcount reductions within Plumbing ProductsUSD 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.
2013-06-30restructuringin_progressUSD 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.
2013-06-30restructuringin_progressPlumbing ProductsMD&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.
2013-03-31restructuringin_progressGlobalMultiple segmentsUSD 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.
2013-03-31divestiture_reductionannouncedDenmarkCabinets 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.
2013-03-31acquisition_additioncompletedUnited KingdomDoorsbusiness_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.
2013-03-31restructuringin_progressUSD 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.
2013-03-31acquisition_additioncompletedUnited KingdomOther Specialty ProductsUSD 5 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of a U.K. door company for $5 million; headcount not disclosed.
2012-12-31plant_closurecompleted2012-12-31North AmericaCabinets and Related ProductsUSD 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.
2012-12-31plant_closurecompleted2012-12-31North America and SpainPlumbing ProductsUSD 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.
2012-12-31restructuringcompleted2012-12-31United StatesCorporateUSD 14 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance actions at the corporate office. Employee counts not disclosed.
2012-12-31restructuringcompleted2012-12-31MultipleAll business unitsUSD 6 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Other cost savings initiatives across business units. Employee counts not disclosed.
2012-12-31divestiture_reductioncompleted2011-12-312012-12-31United StatesInstallation and Other Servicesdiscontinued_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.
2012-12-31otherannounced2013-022013-12-31DenmarkCabinets and Related Productssubsequent_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.
2012-12-31restructuringcompleted2012-12-312012-12-31North AmericaCabinets and Related ProductsUSD 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.
2012-12-31restructuringcompleted2012-12-312012-12-31North America and SpainPlumbing ProductsUSD 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.
2012-12-31restructuringcompleted2012-12-312012-12-31CorporateCorporateUSD 14 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs related to severance actions at corporate office.
2012-12-31restructuringcompleted2012-12-312012-12-31GlobalVariousUSD 6 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Costs and charges across business units related to other cost savings initiatives.
2012-12-31restructuringcompleted2012-12-312012-12-31GlobalVariousUSD 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.
2012-09-30voluntary_separationin_progressUSD 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.
2012-09-30voluntary_separationin_progressUSD 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.
2012-09-30restructuringin_progress2012-12-31Company-wide business rationalizationsUSD 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.
2012-09-30restructuringin_progress2012-12-31Company-wide business rationalizationsUSD 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.
2012-09-30voluntary_separationin_progressGlobalCompany-wideUSD 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.
2012-09-30restructuringin_progress2012-12-31GlobalCabinets and Related Products; Plumbing Products; corporate officeUSD 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.
2012-09-30restructuringin_progressCabinets and Related Products; Plumbing Products; CorporateUSD 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.
2012-09-30restructuringin_progressCabinets and Related Products; Plumbing Products; CorporateUSD 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.
2012-06-30restructuringin_progressCabinets and Related Products; Installation and Other ServicesUSD 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.
2012-06-30restructuringin_progressCabinets and Related Products; Installation and Other ServicesUSD 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.
2012-06-30restructuringin_progressCabinets and Related Products; Installation and Other ServicesUSD 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.
2012-03-31restructuringin_progressUnited States; InternationalCabinets and Related Products; Installation and Other ServicesUSD 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.
2012-03-31restructuringin_progressGlobalCabinets and Related Products; Installation and Other ServicesUSD 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.
2011-12-31plant_closurecompleted2011-12-31North AmericaOther 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.
2011-12-31plant_closurecompleted2011-12-31EuropeCabinets 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.
2011-12-31plant_closurecompleted2011-12-31North AmericaCabinets and Related ProductsMD&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.
2011-12-31restructuringcompleted2011-12-31North AmericaCabinets 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.
2011-12-31restructuringcompleted2011-12-31North AmericaCabinets 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.
2011-12-31plant_closurecompleted2011-12-31United StatesInstallation 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.
2011-12-31restructuringcompleted2011-12-31North AmericaDecorative 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.
2011-12-31divestiture_reductionin_progressUnited StatesInstallation 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.
2011-12-31acquisition_additioncompleted2011-12-31United StatesPlumbing 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.
2011-12-31restructuringcompleted20112011-12-31GlobalMultiple segmentsUSD 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.
2011-12-31plant_closurecompleted20112011-12-31North AmericaCabinets and Related ProductsItem 1. Business
f5-10k / Qwen3.6-27B-Q8_0
Idled two additional facilities and completed exit of ready-to-assemble product line.
2011-12-31plant_closurecompleted20112011-12-31North AmericaOther Specialty ProductsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closed several manufacturing facilities related to North American window manufacturer.
2011-12-31plant_closurecompleted20112011-12-31EuropeCabinets and Related ProductsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closed one manufacturing facility related to European ready-to-assemble cabinet manufacturer.
2011-12-31plant_closurecompleted20112011-12-31United StatesInstallation and Other ServicesMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closed several branch locations.
2011-09-30plant_closureannounced2011-10Western 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.
2011-09-30divestiture_reductionannounced2011-102012-10Installation 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.
2011-09-30restructuringin_progress2011-12-31Company-wide business rationalizationsUSD 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.
2011-09-30plant_closureannounced2011-10Western United StatesDecorative 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.
2011-09-30divestiture_reductionannounced2011-102012-10-31United StatesInstallation 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.
2011-09-30restructuringin_progressGlobalCompany-wide business rationalizations and other initiativesUSD 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.
2011-09-30plant_closureannounced2011-10Western U.S.Milgard Window manufacturerUSD 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.
2011-09-30restructuringin_progressGlobalInstallation and Other ServicesMD&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.
2011-06-30restructuringin_progressCompany-wideAll segmentsUSD 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.
2011-06-30restructuringin_progressCompany-wideVariousUSD 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.
2011-06-30restructuringin_progressCompany-wideVariousUSD 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.
2011-03-31restructuringin_progressCompany-wideMultiple segments; business consolidations, plant closures, headcount reductions, system implementationsUSD 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.
2011-03-31restructuringin_progressUSD 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.
2010-12-31restructuringin_progress2010-02-01North AmericaCabinets and Related Products — Masco CabinetryUSD 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.
2010-12-31plant_closurein_progress2010-04-012011-06-30North AmericaCabinets and Related Products — ready-to-assemble and non-core in-stock cabinet linesUSD 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.
2010-12-31plant_closurecompleted2010-01-012010-12-31North AmericaCabinets and Related ProductsUSD 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.
2010-12-31restructuringin_progress2010-01-01North America and InternationalAll segments — business rationalizations, plant closures, headcount reductions, system implementationsUSD 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.
2010-12-31plant_closurecompleted2006-01-012010-12-31North AmericaManufacturing and Installation and Other Services branchesItem_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.
2010-12-31restructuringcompleted2010-02-01North AmericaCabinets and Related ProductsUSD 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.
2010-12-31restructuringcompleted2010-01-01GlobalCorporateUSD 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.
2010-09-30plant_closureannounced2010-04-012011-06-30Cabinets 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.
2010-09-30restructuringin_progress2010-02-01Cabinets 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.
2010-09-30restructuringin_progressCompany-wideUSD 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.
2010-09-30othercompleted2009-03-012010-01-01United States (domestic plans)Defined-benefit pension plansUSD 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.
2010-09-30plant_closureannounced2010-04-302011-06-30United StatesCabinets and Related ProductsUSD 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.
2010-09-30restructuringin_progress2010-02-28United StatesCabinets and Related ProductsUSD 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.
2010-09-30restructuringin_progress2010-01-012010-12-31United StatesCompany-wideUSD 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.
2010-09-30plant_closureannounced2010-04-012011-06-30Cabinets and Related ProductsUSD 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.
2010-06-30plant_closureannounced2010-04-012011-06-30Cabinets 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.
2010-06-30restructuringin_progressCompany-wideUSD 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.
2010-06-30plant_closureannounced2010-04-302011-06-30United StatesCabinets and Related ProductsUSD 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.
2010-06-30restructuringin_progress2010-02-28United StatesCabinets and Related ProductsUSD 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.
2010-06-30restructuringin_progressUnited StatesCompany-wideUSD 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.
2010-06-30restructuringannounced2010-042011-06-30United StatesCabinets and Related ProductsUSD 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.
2010-03-31plant_closureannounced2010-042011-06-30Masco 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.
2010-03-31restructuringannounced2010-02Masco 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.
2010-03-31restructuringin_progress2010-02United StatesCabinets and Related ProductsUSD 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.
2010-03-31restructuringin_progressUnited StatesMultiple segmentsUSD 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.
2010-03-31plant_closureannounced2010-042011-06-30United StatesCabinets and Related ProductsUSD 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.
2010-03-31plant_closureannounced2010-04-302011-06-30Cabinets and Related ProductsUSD 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.
2009-12-31restructuringin_progressNorth AmericaMultiple segmentsUSD 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.
2009-12-31plant_closurein_progressUnited StatesInstallation and Other ServicesItem_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.
2009-12-31divestiture_reductioncompletedEuropePlumbing ProductsUSD 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.
2009-12-31restructuringannounced2010-02-01United StatesCabinets and Related ProductsUSD 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.
2009-12-31othercompleted2009-03-012010-01-01United StatesCorporate / Pension PlansUSD 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.
2009-12-31restructuringcompleted2009-03-01North AmericaCorporate / Pension PlansUSD 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.
2009-12-31restructuringcompleted2009-01-01GlobalVarious SegmentsUSD 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.
2009-09-30restructuringin_progress4,000USD 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.
2009-09-30restructuringin_progress4,000MD&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.
2009-09-30plant_closurein_progressMD&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).
2009-09-30divestiture_reductioncompleted2009-07-31EuropePlumbing ProductsUSD 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.
2009-09-30otherannounced2009-03-312010-01-01United StatesDomestic qualified and non-qualified defined-benefit pension plansUSD 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.
2009-09-30restructuringin_progress4,000USD 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.
2009-06-30restructuringin_progress3,0002009-12-31USD 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.
2009-06-30otherannounced2009-03-012010-01-01United StatesUSD 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.
2009-06-30restructuringin_progress3,000Not specifiedMultiple segments; includes two manufacturing facilities and six installation branchesUSD 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.
2009-06-30plant_closurecompletedNot specifiedManufacturingMD&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.
2009-06-30plant_closurecompletedNot specifiedInstallation and Other ServicesMD&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.
2009-06-30restructuringin_progress3,000USD 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.
2009-03-31restructuringin_progress3,000USD 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.
2009-03-31restructuringin_progress3,000Not specified (Company-wide; operations in North America and International, principally Europe)Not specified; included closure of two manufacturing facilities and six installation branch locationsUSD 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.
2009-03-31plant_closurecompletedNot specifiedManufacturing (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.
2009-03-31restructuringin_progress3,0002009-03-31GlobalManufacturing and InstallationUSD 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.
2008-12-31plant_closurecompletedNorth AmericaInstallation and Other ServicesItem_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.
2008-12-31plant_closurein_progressNorth AmericaCabinets and Related Products; Other Specialty ProductsItem_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.
2008-12-31restructuringin_progress2009-12-31North America and EuropeAll segmentsUSD 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.
2008-12-31divestiture_reductioncompletedEuropePlumbing Products; Other Specialty Productsdiscontinued_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.
2008-12-31acquisition_additioncompletedNorth AmericaCabinets and Related Productsbusiness_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.
2008-12-31plant_closurecompletedNorth AmericaInstallation and Other ServicesItem_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.
2008-12-31plant_closurecompletedNorth AmericaCabinets and Related ProductsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
The Company has idled two cabinet plants.
2008-12-31plant_closurecompletedNorth AmericaOther Specialty ProductsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
The Company has idled one window plant.
2008-12-31restructuringcompletedGlobalCorporateUSD 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.
2008-09-30restructuringin_progress2008-12-31USD 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.
2008-09-30divestiture_reductioncompleted2008-01-312008-08-31EuropePlumbing Products; Other Specialty ProductsUSD 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.
2008-09-30acquisition_additioncompleted2008-06-30Cabinets and Related ProductsUSD 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.
2008-09-30restructuringin_progressUSD 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.
2008-09-30restructuringin_progressUSD 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.
2008-09-30acquisition_additioncompletedCabinets and Related ProductsUSD 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.
2008-09-30divestiture_reductioncompletedEuropeother
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.
2008-06-30restructuringin_progressUSD 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.
2008-06-30restructuringin_progressUSD 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.
2008-06-30divestiture_reductionin_progress2008-01-012009-06-30EuropePlumbing Products; Other Specialty ProductsUSD 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.
2008-06-30restructuringin_progressCompany-wideUSD 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.
2008-06-30acquisition_additioncompletedCabinets and Related Productsbusiness_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.
2008-06-30divestiture_reductioncompletedEuropePlumbing 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.
2008-06-30restructuringin_progressGlobalVariousUSD 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.
2008-06-30restructuringin_progressGlobalVariousUSD 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.
2008-06-30divestiture_reductioncompletedEuropeThe Heating Grouprestructuring_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.
2008-03-31divestiture_reductioncompleted2008-04-30EuropeOther Specialty Productssubsequent_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.
2008-03-31restructuringin_progressUSD 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.
2008-03-31divestiture_reductionin_progress2008-01-012008-12-31EuropePlumbing Products; Other Specialty ProductsUSD 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.
2008-03-31plant_closurecompleted2008-04-30EuropeOther Specialty Productsrestructuring_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.
2008-03-31restructuringin_progressNot specifiedCompany-wideUSD 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.
2008-03-31restructuringin_progressGlobalVariousUSD 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.
2008-03-31restructuringin_progressGlobalInstallation and Other ServicesMD&A
f5-10q / Qwen3.6-27B-Q8_0
Increased severance and location closure costs contributed to negative operating margin.
2007-12-31restructuringin_progressNorth America and InternationalMultiple 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.
2007-12-31acquisition_additioncompletedUnited States (Arizona, California, Nevada)Installation and Other Servicesbusiness_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.
2007-12-31divestiture_reductioncompletedEuropeDecorative 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.
2007-12-31divestiture_reductioncompletedNorth AmericaPlumbing 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.
2007-12-31divestiture_reductionannounced2008-02-22EuropeSeveral non-core European business unitssubsequent_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.
2007-12-31restructuringcompletedNorth AmericaCabinets and Related ProductsUSD 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.
2007-12-31restructuringcompletedNorth AmericaPlumbing ProductsUSD 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.
2007-12-31restructuringcompletedGlobalCorporateUSD 16 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Increased severance costs included in selling, general and administrative expenses.
2007-09-30restructuringin_progressGlobalMultiple segmentsUSD 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.
2007-09-30plant_closurecompletedUnited StatesCabinets and Related ProductsUSD 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.
2007-09-30divestiture_reductioncompletedEuropeDecorative Architectural Productsother
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.
2007-09-30divestiture_reductioncompletedUnited StatesPlumbing Productsother
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.
2007-09-30acquisition_additioncompletedUnited StatesInstallation and Other ServicesUSD 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.
2007-09-30restructuringin_progressUSD 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.
2007-09-30restructuringin_progressUSD 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.
2007-09-30plant_closurecompletedCabinets and Related ProductsUSD 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.
2007-09-30plant_closurecompletedCabinets and Related ProductsUSD 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.
2007-09-30restructuringcompletedPlumbing ProductsUSD 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.
2007-09-30restructuringcompletedPlumbing ProductsUSD 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.
2007-06-30restructuringin_progressUSD 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.
2007-06-30restructuringin_progressUSD 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.
2007-03-31restructuringin_progressUSD 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.
2007-03-31restructuringin_progressNorth America and InternationalCompany-wide; MD&A cites Cabinets and Related Products, Plumbing Products, and Installation and Other Services impactsUSD 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.
2007-03-31restructuringin_progressUSD 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.
2006-12-31plant_closurein_progress2006-01North AmericaPlumbing ProductsUSD 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.
2006-12-31plant_closurecompletedNorth AmericaCabinets and Related ProductsUSD 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.
2006-12-31divestiture_reductioncompletedUnited States and EuropeOther Specialty Productsdiscontinued_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.
2006-12-31divestiture_reductioncompletedNorth AmericaPlumbing Products; Decorative Architectural Products; Other Specialty Productsdiscontinued_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.
2006-12-31acquisition_additioncompletedNorth AmericaInstallation and Other ServicesUSD 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.
2006-12-31restructuringcompleted2006-012006-12-31North AmericaPlumbing ProductsUSD 39 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Plant closure announced in January 2006. Charges primarily accelerated depreciation and severance expense.
2006-12-31plant_closurecompleted20062006-12-31North AmericaCabinets and Related ProductsUSD 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.
2006-09-30plant_closurein_progress2006-01Plumbing ProductsUSD 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.
2006-09-30plant_closurein_progress2006Cabinets and Related ProductsUSD 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.
2006-09-30plant_closurein_progress2006-01Plumbing ProductsUSD 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.
2006-09-30plant_closurein_progressCabinets and Related ProductsUSD 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.
2006-09-30divestiture_reductioncompleted2006-09-30United StatesOther Specialty Productsother
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.
2006-09-30plant_closurein_progress2006-01North AmericaPlumbing ProductsUSD 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.
2006-09-30plant_closurein_progressNorth AmericaCabinets and Related ProductsUSD 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.
2006-06-30plant_closurein_progress2006-01-01Plumbing ProductsUSD 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.
2006-06-30plant_closurein_progress2006-04-01Cabinets and Related ProductsUSD 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.
2006-06-30plant_closurein_progress2006-012006-12-31Plumbing ProductsUSD 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.
2006-06-30plant_closurein_progressCabinets and Related ProductsUSD 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.
2006-06-30divestiture_reductioncompleted2006-042006-04North AmericaPlumbing Products; Other Specialty Productsother
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.
2006-06-30restructuringin_progress2006-01-012006-12-31Plumbing ProductsUSD 28 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes plant closure announced Jan 2006; charges primarily accelerated depreciation and severance.
2006-06-30plant_closurecompleted2006-04-012006-06-30Cabinets and Related ProductsUSD 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.
2006-03-31plant_closurein_progress2006-012006-12-31Plumbing ProductsUSD 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.
2006-03-31plant_closurein_progress2006-01Plumbing ProductsUSD 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.
2006-03-31divestiture_reductioncompleted2006-04North AmericaPlumbing Products; Other Specialty Productsother
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.
2006-03-31plant_closurein_progress2006-01-012006-12-31Plumbing ProductsUSD 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.
2005-12-31plant_closureannounced2006-01North AmericaPlumbing ProductsUSD 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
2005-12-31restructuringin_progressNorth AmericaMultiple segmentsUSD 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
2005-12-31divestiture_reductioncompleted2005-12-31Europe and North AmericaCabinets and Related Products; other segmentsdiscontinued_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
2005-12-31restructuringannounced2006-012006-12-31North AmericaPlumbing ProductsUSD 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.
2005-09-30restructuringin_progressPlumbing ProductsUSD 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.
2005-09-30restructuringcompletedNorth AmericaPlumbing ProductsUSD 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.
2005-09-30divestiture_reductioncompletedEuropeOtherrestructuring_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.
2005-06-30restructuringin_progress2007-12-31GlobalVariousMD&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.
2005-06-30divestiture_reductioncompleted2005-04-01EuropeCabinets and Related Products; Plumbing Productsrestructuring_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.
2005-03-31divestiture_reductioncompleted2005-03-31EuropeCabinets (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.
2004-12-31divestiture_reductioncompleted2004-03-312004-12-31EuropeMultiple 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
2004-12-31divestiture_reductionin_progress2004-03-312005-03-31EuropeMultiple European businesses held for saleMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Remaining European dispositions expected to be completed by March 31, 2005; no employee counts disclosed
2004-12-31divestiture_reductioncompleted2004-03-312004-12-31EuropeVarious (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.
2004-12-31divestiture_reductioncompleted2004-12-312004-12-31EuropeVariousMD&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.
2004-09-30divestiture_reductionin_progress2004-01-012005-03-31EuropeMultiple 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.
2004-09-30divestiture_reductioncompleted2004-07-012004-09-30Europe / North AmericaJung 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.
2004-09-30restructuringin_progress2004-03-312005-03-31EuropeCabinets and Related Products, Plumbing Products, Decorative Architectural Products, Other Specialty ProductsUSD 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.
2004-06-30divestiture_reductionin_progress2004-01-012005-03-31Europe (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.
2004-06-30divestiture_reductioncompleted2003-09-30United StatesBaldwin Hardware, Weiser Lock, Marvel Group divisionsrestructuring_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.
2004-06-30restructuringin_progress2004-03-312005-03-31EuropeVarious European businessesUSD 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.
2004-03-31divestiture_reductionin_progress2005-03-31EuropeSeveral non-core European businessesUSD 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.
2004-03-31restructuringin_progress2004-03-312005-03-31EuropeDiscontinued OperationsUSD 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.
2003-12-31divestiture_reductionannounced2004-03-312005-03-31EuropeMultiple European businessessubsequent_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.
2003-12-31divestiture_reductioncompleted2003-09-302003-09-30United StatesDecorative Architectural Products; Other Specialty Productsdiscontinued_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.
2003-09-30divestiture_reductioncompleted2003-09-30Decorative Architectural ProductsUSD 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.
2003-09-30divestiture_reductioncompleted2003-09-30Other Specialty ProductsUSD 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.
2003-06-30othercompletedEuropeDecorative Architectural ProductsUSD 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.
2003-06-30acquisition_additioncompletedUnited StatesOther Specialty Productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of PowerShot Tool Company, Inc. Headcount not disclosed.
2003-06-30acquisition_additioncompletedUnited StatesInstallation and Other Servicesbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of several relatively small installation service companies. Headcount not disclosed.
2003-06-30divestiture_reductionannounced2003-072003-12-31United StatesDecorative Architectural Productssubsequent_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.
2003-03-31acquisition_additioncompleted2003-03-31United StatesOther Specialty ProductsUSD 44 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of PowerShot Tool Company. Headcount not disclosed.
2003-03-31acquisition_additioncompleted2003-03-31United StatesInstallation and Other Servicesbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of several relatively small installation service companies. Headcount not disclosed.
2003-03-31othercompleted2003-02-05CorporateUSD 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.
2002-12-31acquisition_additioncompleted2002-09-30United StatesInstallation and Other ServicesUSD 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.
2002-12-31acquisition_additioncompleted2002-12-31United States; United KingdomPlumbing Products; Other Specialty Products; Installation and Other Services; Cabinets and Related ProductsUSD 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.
2002-12-31acquisition_additioncompleted2002-12-31GermanyPlumbing ProductsUSD 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.
2002-12-31divestiture_reductioncompleted2002-12-31United StatesCabinets and Related Productsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
StarMark Cabinetry, Inc. sold for ~$15M cash, approximating book value. Headcount not disclosed.
2002-09-30acquisition_additioncompletedUnited States, United KingdomPlumbing Products; Other Specialty Products; Installation and Other Services; Cabinets and Related ProductsUSD 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.
2002-09-30acquisition_additioncompletedUnited StatesInstallation and Other ServicesUSD 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.
2002-09-30divestiture_reductioncompletedUnited StatesCabinets and Related Productsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
StarMark Cabinetry sold in Q1 2002; annual sales approximately $50M. No employee headcount disclosed.
2002-06-30acquisition_additioncompleted2002-06-24United States; United KingdomPlumbing Products; Other Specialty Productsbusiness_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.
2002-03-31divestiture_reductioncompletedUnited StatesCabinets and Related Productsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold StarMark Cabinetry subsidiary for approximate book value; annual sales ~$50 million. No employee count disclosed.
2002-03-31plant_closurein_progressUnited StatesCabinets and Related ProductsMD&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.
2001-12-31acquisition_additioncompletedUnited States (California)Installation and Other Servicesbusiness_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.
2001-12-31acquisition_additioncompletedUnited States (Washington)Other Specialty Productsbusiness_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.
2001-12-31acquisition_additioncompletedItalyCabinets and Related Productsbusiness_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.
2001-12-31acquisition_additioncompletedUnited KingdomOther Specialty Productsbusiness_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.
2001-12-31acquisition_additioncompletedUnited States (Virginia)Cabinets and Related Productsbusiness_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.
2001-12-31acquisition_additioncompletedUnited States (Connecticut)Plumbing Productsbusiness_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.
2001-12-31divestiture_reductioncompleted2000-12-312001-12-31United StatesInstallation and Other Servicesdiscontinued_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.
2001-12-31divestiture_reductioncompleted2000-12-312001-12-31United StatesOther Specialty Productsdiscontinued_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.
2001-12-31divestiture_reductionin_progress2000-12-312002-12-31United StatesMultiple segmentsUSD 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.
2000-12-31restructuringin_progress2000-12-312001-12-31North America and InternationalMultiple segmentsUSD 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.
2000-12-31acquisition_additioncompletedDenmark, United StatesCabinets and Related Products; Decorative Architectural Productsbusiness_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.
2000-12-31acquisition_additioncompleted2001-01-31United States and CanadaInsulation Installation and Other Servicesbusiness_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.
2000-03-31acquisition_additioncompleted2000-01-26Denmark (Faarvang); internationalReady-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.
1999-12-31acquisition_additioncompletedNorth America and EuropeMultipleItem_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.
1999-12-31acquisition_additioncompletedNorth AmericaMultiplerestructuring_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.
1999-06-30acquisition_additioncompletedUnited States; United Kingdom; SpainKitchen and Bath Products; Builders' Hardware and Other Specialty Products; Environmental Products and Servicesbusiness_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.
1999-03-31acquisition_additioncompletedUnited Kingdom and United StatesKitchen and Bath ProductsUSD 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.
1999-03-31acquisition_additioncompletedUnited Kingdom and United StatesBuilders' Hardware and Other Specialty Products; Environmental Products and Servicesbusiness_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.
1999-03-31acquisition_additionannounced1999-06-30SpainKitchen and Bath Productsbusiness_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.
1998-12-31acquisition_additioncompletedBelgium, Netherlands, EnglandEnvironmental Products and Services; Kitchen and Bath ProductsUSD 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.
1998-12-31divestiture_reductioncompletedUnited StatesKitchen 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.
1998-09-30acquisition_additioncompletedUnited States; Canada; EuropeKitchen and Bath Products; Other Specialty Productsother
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.
1998-09-30divestiture_reductioncompleted1998-071998-07United StatesKitchen 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.
1998-06-30acquisition_additioncompletedUnited StatesKitchen and Bath Productsbusiness_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.
1998-06-30acquisition_additioncompletedCanadaKitchen and Bath Productsbusiness_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.
1998-06-30acquisition_additioncompletedBelgiumKitchen and Bath Productsbusiness_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.
1998-06-30acquisition_additioncompletedEuropeKitchen and Bath Productsbusiness_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.
1998-06-30divestiture_reductioncompleted1998-07-31United StatesKitchen Appliancesother
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.
1997-12-31acquisition_additioncompleted1997-07-251997-07-25United StatesKitchen and Bath Productsbusiness_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.
1997-12-31acquisition_additioncompleted1997-01-011997-12-31United StatesKitchen and Bath ProductsItem_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.
1997-12-31acquisition_additioncompleted1997-02-211997-12-31United StatesOther Specialty ProductsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
LaGard Inc., electronic lock sets for banking industry, acquired during 1997. Headcount not disclosed.
1997-12-31acquisition_additioncompleted1997-12-311997-12-31United StatesOther Specialty ProductsItem_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.
1997-12-31acquisition_additioncompleted1997-12-311997-12-31GermanyOther Specialty ProductsItem_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.
1997-12-31acquisition_additioncompleted1997-12-311997-12-31SpainKitchen and Bath ProductsItem_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.
1997-12-31acquisition_additionannounced1998-01-011998-12-31BelgiumOther Specialty Productssubsequent_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.
1997-09-30acquisition_additioncompletedSpain, Germany, United StatesKitchen and Bath Products; Other Specialty ProductsUSD 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.
1997-06-30acquisition_additioncompletedUnited StatesKitchen 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.
1997-06-30acquisition_additioncompletedUnited StatesKitchen 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.
1997-06-30acquisition_additionannouncedSpainKitchen 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.
1997-06-30acquisition_additionannouncedGermanyOther 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.
1997-06-30acquisition_additionannouncedUnited StatesKitchen 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.
1997-03-31acquisition_additioncompletedUnited StatesKitchen and Bath Productsbusiness_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.
1997-03-31acquisition_additioncompletedUnited StatesKitchen and Bath Productsbusiness_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.
1996-12-31divestiture_reductioncompleted1995-11-301996-08-01United StatesHome Furnishings ProductsUSD 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.
1996-12-31acquisition_additioncompleted1996-06-301996-06-30United KingdomKitchen and Bath Products — Cabinetsbusiness_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.
1996-12-31acquisition_additioncompleted1996-06-301996-06-30GermanyKitchen and Bath Products — Bath and Showerbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
German shower enclosure manufacturer acquired in Q2 1996; no employee count disclosed.
1996-12-31acquisition_additioncompleted1996-09-301996-09-30GermanyOther Specialty Productsbusiness_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.
1996-09-30divestiture_reductioncompleted1996-04-011996-08-05Home furnishings products segmentUSD 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.
1996-09-30acquisition_additioncompletedGermany and United KingdomPlumbing specialty products; kitchen and bath cabinets; shower enclosuresUSD 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.
1996-06-30acquisition_additioncompleted1996-06-30United Kingdom; GermanyBuilding 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.
1996-06-30divestiture_reductioncompleted1996-04-011996-08-05Not specifiedHome furnishings products segmentsubsequent_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.
1995-12-31divestiture_reductionannounced1995-11-301996-12-31United StatesHome Furnishings ProductsUSD 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
1995-12-31acquisition_additioncompletedUnited StatesHome Improvement and Building Products — Insulation InstallationItem_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
1995-09-30restructuringin_progressHome Furnishings GroupMD&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.
1995-09-30restructuringin_progressCompany-wideother
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.
1995-09-30divestiture_reductionannounced1995-06-30Home Furnishings Groupother
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.