View Filing Data

Other intangible assets, net of accumulated amortization

^[1]

1,904.7

1,467.8

858.8

656.5

Other assets

72.1

72.4

Non-current assets of discontinued operations

19.0

17.3

Total assets

4,966.5

4,052.9

Current liabilities

Current portion of long-term debt

0.0

26.3

Accounts payable

352.6

333.8

Other current liabilities

320.2

322.0

Current liabilities of discontinued operations

9.5

17.5

Total current liabilities

682.3

699.6

Long-term debt

1,389.8

643.7

Deferred income taxes

230.2

150.6

Other non-current liabilities

291.8

292.5

Non-current liabilities of discontinued operations

2.6

3.4

Total liabilities

2,596.7

1,789.8

Commitments and contingencies (see Note 17)

Fortune Brands stockholders' equity

Common stock

^[2]

1.7

Paid-in capital

2,559.9

2,517.3

Accumulated other comprehensive loss

(24.5)

(6.7)

Retained earnings

376.7

279.5

Treasury stock

(546.4)

(532.3)

Total Fortune Brands stockholders' equity

2,367.4

2,259.5

Noncontrolling interests

2.4

3.6

Total equity

2,369.8

2,263.1

Total liabilities and equity

$ 4,966.5

$ 4,052.9

[1]	Net of accumulated impairment losses of $399.5 million in the Doors segment.
[2]	Common stock, par value $0.01 per share; 173.8 million shares and 172.0 million shares issued at June 30, 2015 and December 31, 2014, respectively.

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	173.8	172.0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net Income	$ 119.7	$ 134.8
Non-cash pre-tax expense:
Depreciation	41.6	39.6
Amortization	8.6	8.0
Stock-based compensation	13.6	15.8
Recognition of actuarial losses		0.6
Deferred income taxes	1.2	6.6
Restructuring charges	1.0	0.4
Amortization of deferred financing costs	0.1
Changes in assets and liabilities:
Increase in accounts receivable	(68.0)	(58.2)
Increase in inventories	(52.0)	(50.0)
Decrease in accounts payable	(1.4)	(6.0)
Increase in other assets	(13.8)	(11.8)
Decrease in accrued expenses and other liabilities	(29.9)	(131.2)
Increase in accrued taxes	21.1	20.7
Net cash provided by (used in) operating activities	41.8	(30.7)
Investing activities
Capital expenditures	(54.6)	(47.6)
Proceeds from the disposition of assets	0.4	0.1
Cost of acquisitions, net of cash acquired	(652.5)
Net cash used in investing activities	(706.7)	(47.5)
Financing activities
Increase in short-term debt, net		3.9
Issuance of long-term debt	1,748.9	480.0
Repayment of long-term debt	(1,031.3)	(235.0)
Proceeds from the exercise of stock options	13.1	11.0
Treasury stock purchases	(0.4)	(255.0)
Excess tax benefit from the exercise of stock-based compensation	16.4	18.6
Dividends to stockholders	(44.6)	(39.5)
Other financing, net	(1.2)	(1.1)
Net cash provided by (used in) financing activities	700.9	(17.1)
Effect of foreign exchange rate changes on cash	(4.4)	(1.1)
Net increase (decrease) in cash and cash equivalents	31.6	(96.4)
Cash and cash equivalents at beginning of period	191.9	241.4
Cash and cash equivalents at end of period	$ 223.5	$ 145.0

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock	Non-controlling Interests
Beginning Balance at Dec. 31, 2013	$ 2,653.1	$ 1.7	$ 2,431.3	$ 95.4	$ 200.8	$ (79.8)	$ 3.7
Comprehensive income:
Net Income	134.8				134.1		0.7
Other comprehensive income	(7.9)			(7.6)			(0.3)
Stock options exercised	11.0		11.0
Stock-based compensation	7.4		15.4			(8.0)
Tax benefit on exercise of stock options	18.4		18.4
Treasury stock purchase	(264.8)					(264.8)
Dividends ($0.12 per common share) in 2014 and ($0.14 per common share) in 2015	(19.3)				(19.3)
Dividends paid to noncontrolling interests	(1.1)						(1.1)
Ending Balance at Jun. 30, 2014	2,531.6	1.7	2,476.1	87.8	315.6	(352.6)	3.0
Beginning Balance at Dec. 31, 2014	2,263.1	1.7	2,517.3	(6.7)	279.5	(532.3)	3.6
Comprehensive income:
Net Income	119.7				119.7
Other comprehensive income	(17.8)			(17.8)
Stock options exercised	13.1		13.1
Stock-based compensation	(0.1)		13.6			(13.7)
Tax benefit on exercise of stock options	15.9		15.9
Treasury stock purchase	(0.4)					(0.4)
Dividends ($0.12 per common share) in 2014 and ($0.14 per common share) in 2015	(22.5)				(22.5)
Dividends paid to noncontrolling interests	(1.2)						(1.2)
Ending Balance at Jun. 30, 2015	$ 2,369.8	$ 1.7	$ 2,559.9	$ (24.5)	$ 376.7	$ (546.4)	$ 2.4

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Dividends per common share	$ 0.14	$ 0.12

Basis of Presentation and Principles of Consolidation

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

1.	Basis of Presentation and Principles of Consolidation

References to “Fortune Brands,” “the Company,” “we,” “our” and “us” refer to Fortune Brands Home & Security, Inc. and its consolidated subsidiaries as a whole, unless the context otherwise requires.

The Company is a leading home and security products company with a portfolio of leading branded products used for residential home repair, remodeling, new construction and security applications.

The condensed consolidated balance sheet as of June 30, 2015, the related condensed consolidated statements of comprehensive income for the six and three-month periods ended June 30, 2015 and 2014 and the related condensed consolidated statements of cash flows and equity for the six-month periods ended June 30, 2015 and 2014 are unaudited. In the opinion of management, all adjustments necessary for a fair statement of the financial statements have been included. Interim results may not be indicative of results for a full year.

The condensed consolidated financial statements and notes are presented pursuant to the rules and regulations of the Securities and Exchange Commission and do not contain certain information included in our annual consolidated financial statements and notes. The December 31, 2014 condensed consolidated balance sheet was derived from the audited financial statements, but does not include all disclosures required by U.S. generally accepted accounting principles (“GAAP”). This Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2014.

The condensed consolidated financial statements included in this Quarterly Report on Form 10-Q were derived principally from the consolidated financial statements of the Company. In May 2015, we acquired Norcraft Companies, Inc. (“Norcraft”). The financial results of Norcraft were included in the Company’s condensed consolidated statements of comprehensive income and statements of cash flow beginning in May 2015 and the condensed consolidated balance sheet as of June 30, 2015. In September 2014, we sold all of the shares of stock of Fortune Brands Windows, Inc., our subsidiary that owned and operated the Simonton windows business (“Simonton”). In December 2014, we committed to a plan to sell Waterloo Industries, Inc. (“Waterloo”), our tool storage business. Therefore, in accordance with Accounting Standards Codification (“ASC”) requirements, the results of operations of Waterloo were classified and separately stated as discontinued operations in the accompanying condensed consolidated statements of comprehensive income for the six and three months ended June 30, 2015 and 2014; and results of operations of Simonton were classified and separately stated as discontinued operations in the accompanying condensed consolidated statements of comprehensive income for the six and three months ended June 30, 2014. The assets and liabilities of Waterloo were classified as discontinued operations in the accompanying condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014. The cash flows from discontinued operations for the six months ending June 30, 2015 and 2014 were not separately classified on the accompanying condensed consolidated statements of cash flows. Information on Business Segments was revised to exclude these discontinued operations.

Recently Issued Accounting Standards

6 Months Ended

Jun. 30, 2015

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Standards

2.	Recently Issued Accounting Standards

Simplifying the Presentation of Debt Issuance Costs

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” This ASU requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, instead of as a deferred charge (i.e., as an asset). This new standard is effective for the annual period beginning after December 15, 2015 (calendar year 2016 for Fortune Brands), and for annual periods and interim periods thereafter. Early adoption is permitted, however we elected not to early adopt. The guidance will be applied on a retrospective basis. The adoption of this ASU will require us to reclassify approximately $3 million of debt issuance costs from a deferred asset to long-term debt as of June 30, 2015.

Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This ASU provides guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. This amendment is effective for the annual period ending after December 15, 2016 (year-end 2016 for Fortune Brands), and for annual periods and interim periods thereafter. Early application is permitted. We do not expect this standard to have a material effect on our financial statements.

Revenue from Contracts with Customers

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This ASU clarifies the accounting for revenue arising from contracts with customers and specifies the disclosures that an entity should include in its financial statements. The amendment is expected to be effective for the annual reporting period beginning after December 15, 2017 (calendar year 2018 for Fortune Brands), and for annual and interim periods thereafter. We are assessing the impact the adoption of this standard will have on our financial statements.

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Information

6 Months Ended

Jun. 30, 2015

Balance Sheet Information

3.	Balance Sheet Information

Supplemental information on our balance sheets is as follows:


(In millions)	June 30, 2015		December 31, 2014
Inventories:
Raw materials and supplies	$	219.2	$	178.1
Work in process		57.0		54.0
Finished products		270.2		230.1

Total inventories	$	546.4	$	462.2

Property, plant and equipment, gross	$	1,471.0	$	1,396.3
Less: accumulated depreciation		889.0		856.5

Property, plant and equipment, net	$	582.0	$	539.8

Acquisitions

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Acquisitions

4.	Acquisitions

On May 12, 2015, the Company completed its tender offer to purchase all of the outstanding shares of common stock of Norcraft, a leading publicly-owned manufacturer of kitchen and bathroom cabinetry, for a total purchase price of $648.6 million in cash. We financed the transaction using cash on hand and borrowings under our existing credit facilities. This transaction is expected to strengthen our overall product offering, round out our regional market penetration and enhance our frameless cabinetry capabilities. Net sales in both the six and three months ended June 30, 2015 were approximately $46 million, and operating income was not material to the Company. The results of operations of Norcraft are included in the Cabinets segment. We incurred $14.9 million and $13.8 million of Norcraft acquisition-related transaction costs in the six and three months ended June 30, 2015, respectively. The goodwill expected to be deductible for income tax purposes is in the process of being determined.

The following table summarizes the preliminary allocation of the purchase price to fair values of assets acquired and liabilities assumed as of the date of the acquisition.


(In millions)
Accounts receivable	$	31.0
Inventories		28.4
Property, plant and equipment		28.9
Goodwill		450.5
Identifiable intangible assets		200.0
Other assets		18.7

Total assets		757.5
Deferred tax liabilities		80.2
Other liabilities and accruals		28.7

Net assets acquired	$	648.6

The preceding purchase price allocation has been determined provisionally and is subject to revision as additional information about the fair value of individual assets and liabilities becomes available. The Company is in the process of finalizing valuations of certain tangible and intangible assets, including tradenames. The provisional measurement of property and equipment, intangible assets, goodwill, deferred income taxes, and other assets and liabilities is subject to change. Any change in the acquisition date fair value of the acquired net assets will change the amount of the purchase price allocable to goodwill.

Goodwill includes expected sales and cost synergies. Identifiable intangible assets primarily consist of customer relationships (estimated to be $200 million). The useful life of this identifiable intangible assets was estimated to be 20 years.

•

estimated amortization of a definite-lived customer relationship intangible asset,

•

the estimated cost of the inventory step-up to fair value,

•

interest expense associated with debt that would have been incurred in connection with the acquisition,

•

the reclassification of Norcraft transaction costs from 2015 to the first quarter of 2014, and

•

adjustments to conform accounting policies.

The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2014. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.


(In millions, except per share amounts)	Six Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015		2014
Net sales	$	2,258.3	$	2,096.8	$	1,213.1	$	1,124.2
Income from continuing operations		134.9		126.2		90.1		91.6

Basic earnings per common share	$	0.85	$	0.76	$	0.57	$	0.56
Diluted earnings per common share	$	0.83	$	0.74	$	0.56	$	0.54

In March 2015, we acquired a cabinets component company for approximately $6 million in cash. A preliminary allocation of the purchase price has been reflected in the financial statements and will be updated as asset and liability valuations are finalized. Final adjustments will reflect the fair value assigned to the assets, including intangible assets, and assumed liabilities.

In December 2014, we acquired all of the issued and outstanding shares of capital stock of Anafree Holdings, Inc., the sole owner of Anaheim Manufacturing Company (“Anaheim”), which markets and sells garbage disposals, for $28.9 million in cash. We paid the purchase price using a combination of cash on hand and borrowings under our existing credit facilities. Net sales in the six and three months ended June 30, 2015 were approximately $15 million and $7 million, respectively, and operating income was not material to the Company. The results of operations of Anaheim are included in the Plumbing segment.

In July 2014, we acquired all of the voting equity of John D. Brush & Co., Inc. (“SentrySafe”) for a purchase price of $116.7 million in cash. The purchase price was funded from our existing credit facilities. This acquisition broadened our product offering of security products. Net sales in the six and three months ended June 30, 2015 were approximately $68 million and $32 million, respectively, and operating income was not material to the Company. The results of operations of SentrySafe are included in the Security segment.

The 2014 completed acquisitions were not material for the purposes of supplemental disclosure and did not have a material impact on our consolidated financial statements.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

6 Months Ended

Jun. 30, 2015

Discontinued Operations

5.	Discontinued Operations

In December 2014, we committed to a plan to sell our Waterloo tool storage business and therefore classified it as a discontinued operation. We expect to sell Waterloo by the end of 2015.

In addition, in September 2014, we sold the Simonton windows business for $130 million in cash. Simonton is presented as a discontinued operation in the Company’s financial statements in accordance with ASC requirements.

The following table summarizes the results of discontinued operations for the six and three months ended June 30, 2015 and 2014. The six and three months ended June 30, 2015 consist of Waterloo only, however comparable periods in 2014 include both Waterloo and Simonton.


(in millions)	Six Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015		2014
Net sales	$	50.4	$	192.1	$	27.5	$	115.0

Income from discontinued operations before income taxes	$	1.6	$	4.1	$	2.4	$	11.3
Income taxes		0.8		1.9		1.0		4.0

Income from discontinued operations, net of tax	$	0.8	$	2.2	$	1.4	$	7.3

The following table summarizes the major classes of assets and liabilities of Waterloo, which is reflected as a discontinued operation on the consolidated balance sheet:


(in millions)	June 30, 2015		December 31, 2014
Accounts receivable, net	$	21.4	$	40.1
Inventories		8.3		15.9
Other current assets		2.9		7.3

Total current assets		32.6		63.3
Property, plant and equipment, net		14.2		13.3
Other non-current assets		4.8		4.0

Total assets	$	51.6	$	80.6


Accounts payable	$	5.2	$	8.5
Other current liabilities		4.3		9.0

Total current liabilities		9.5		17.5
Other non-current liabilities		2.6		3.4

Total liabilities	$	12.1	$	20.9

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets

6 Months Ended

Jun. 30, 2015

Goodwill and Identifiable Intangible Assets

6.	Goodwill and Identifiable Intangible Assets

We had goodwill of $1,904.7 million and $1,467.8 million as of June 30, 2015 and December 31, 2014, respectively. The $436.9 million increase was primarily due to the acquisition of Norcraft, partially offset by other acquisition-related adjustments. The change in the net carrying amount of goodwill by segment was as follows:


(In millions)	Cabinets			Plumbing			Doors		Security			Total Goodwill
Goodwill at December 31, 2014 ^(a)	$	630.1		$	595.6		$	143.0	$	99.1		$	1,467.8
Year-to-date translation adjustments		(1.7	)		—			—		(0.9	)		(2.6	)
Acquisition-related adjustments		456.9			(17.0	)		—		(0.4	)		439.5

Goodwill at June 30, 2015 ^(a)	$	1,085.3		$	578.6		$	143.0	$	97.8		$	1,904.7

(a)

Net of accumulated impairment losses of $399.5 million in the Doors segment.

We also had identifiable intangible assets, principally tradenames, of $858.8 million and $656.5 million, net of accumulated amortization, as of June 30, 2015 and December 31, 2014, respectively.

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	As of June 30, 2015							As of December 31, 2014
	Gross Carrying Amounts		Accumulated Amortization			Net Book Value		Gross Carrying Amounts		Accumulated Amortization			Net Book Value
Indefinite-lived tradenames	$	538.6	$	(42.0	)^(a)	$	496.6	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		16.9		(6.7	)		10.2		14.6		(6.4	)		8.2
Customer and contractual relationships		505.1		(169.4	)		335.7		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.5	)		16.3		57.7		(40.3	)		17.4

Total		579.8		(217.6	)		362.2		366.5		(210.7	)		155.8

Total identifiable intangibles	$	1,118.4	$	(259.6	)	$	858.8	$	909.2	$	(252.7	)	$	656.5

(a)

Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.

The $209.2 million increase in gross identifiable intangible assets was due to the acquisitions of Norcraft and Anaheim, partially offset by foreign exchange adjustments.

Amortizable identifiable intangible assets, principally tradenames and customer relationships, are subject to amortization over their estimated useful life, 5 to 30 years, based on the assessment of a number of factors that may impact useful life. These factors include historical tradename performance with respect to consumer name recognition, geographic market presence, market share, plans for ongoing tradename support and promotion, and other relevant factors.

In the first half of 2015, no events or circumstances occurred that would have required us to perform interim impairment tests of goodwill or indefinite-lived intangible assets.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

External Debt and Financing Arrangements

External Debt and Financing Arrangements

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

7.	External Debt and Financing Arrangements

In June 2015, we issued $900 million of unsecured senior notes (“Senior Notes”) in a registered public offering. The Senior Notes consist of two tranches: $400 million of five-year notes due 2020 with a coupon of 3% and $500 million of ten-year notes due 2025 with a coupon of 4%. We used the proceeds from the Senior Notes offering to pay down our revolving credit facility and for general purposes. On June 30, 2015, the outstanding amount of the Senior Notes, net of underwriting commissions and price discounts, was $891.1 million.

We have a $975 million committed revolving credit facility, as well as a term loan in the initial amount of $525 million, both of which expire in July 2018. Both facilities can be used for general corporate purposes. On June 30, 2015 and December 31, 2014, our outstanding borrowings under the revolving credit facility were zero and $145.0 million, respectively; the amounts outstanding under the term loan were $498.7 million and $525.0 million, respectively. At June 30, 2015 and December 31, 2014, the current portion of long-term debt was zero and $26.3 million, respectively. The interest rates under all of these facilities are variable based on LIBOR at the time of the borrowing and the Company’s leverage as measured by a debt to Adjusted EBITDA ratio. Based upon the Company’s debt to Adjusted EBITDA ratio at June 30, 2015, the Company’s borrowing rate could range from LIBOR + 1.0% to LIBOR + 2.0%. At June 30, 2015, we were in compliance with all covenants under these facilities.

We currently have uncommitted bank lines of credit in China, which provide for unsecured borrowings for working capital of up to $25.7 million in aggregate, of which zero was outstanding, as of June 30, 2015 and December 31, 2014. The weighted-average interest rates on these borrowings were zero and 7.2% in the six-month periods ended June 30, 2015 and 2014, respectively. The weighted-average interest rates on these borrowings were zero and 5.3% in the three-month periods ended June 30, 2015 and 2014, respectively.

As of June 30, 2015, JPMorgan Chase & Co. and its wholly owned subsidiaries (“JPM”) owned over 10% of the Company’s common stock. JPMorgan Chase Bank, N.A., a subsidiary of JPM, was a lender of $41.4 million of our total debt under our credit facilities and held $2.3 million of our cash balances. In addition, JPMorgan Investment Management, Inc., another subsidiary of JPM, manages pension assets in the Company’s Master Retirement Trust, which totaled $26.9 million as of June 30, 2015. J.P. Morgan Securities LLC was an underwriter in the Company’s June 2015 issuance of $900 million of Senior Notes. JPMorgan Chase & Co. does not participate in management of the Company nor do any of its employees sit on our Board of Directors.

Financial Instruments

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

8.	Financial Instruments

We do not enter into financial instruments for trading or speculative purposes. We principally use financial instruments to reduce the impact of changes in foreign currency exchange rates and commodities used as raw materials in our products. The principal derivative financial instruments we enter into on a routine basis are foreign exchange contracts. Derivative financial instruments are recorded at fair value. The counterparties to derivative contracts are major financial institutions. Management currently believes that the risk of incurring material losses is unlikely and that the losses, if any, would be immaterial to the Company. In addition, from time to time, we enter into commodity swaps.

Our primary foreign currency hedge contracts pertain to the Canadian dollar, the Mexican peso and the Chinese yuan. The gross U.S. dollar equivalent notional amount of all foreign currency derivative hedges outstanding at June 30, 2015 was $263.9 million, representing a net settlement receivable of $1.5 million. Based on foreign exchange rates as of June 30, 2015, we estimate that $0.2 million of net foreign currency derivative losses included in other comprehensive income as of June 30, 2015 will be reclassified to earnings within the next twelve months.

The fair values of derivative instruments on the consolidated balance sheets as of June 30, 2015 and December 31, 2014 were:


(In millions)		Fair Value
	Location	June 30, 2015		December 31, 2014
Assets
Foreign exchange contracts	Other current assets	$	3.8	$	5.1
Net investment hedges	Other current assets		0.3		0.5

	Total assets	$	4.1	$	5.6

Liabilities
Foreign exchange contracts	Other current liabilities	$	2.6	$	5.4

The effects of derivative financial instruments on the statements of comprehensive income for the six and three months ended June 30, 2015 and 2014 were:


(In millions)		Gain Recognized in Income Six Months Ended June 30,
Type of hedge	Location	2015		2014
Cash flow	Cost of products sold	$	2.0	$	0.6
Fair value	Other expense, net		2.7		0.8

Total		$	4.7	$	1.4


(In millions)		Gain (Loss) Recognized in Income Three Months Ended June 30,
Type of hedge	Location	2015		2014
Cash flow	Cost of products sold	$	1.0	$	(0.1	)
Fair value	Other expense, net		1.7		(0.1	)

Total		$	2.7	$	(0.2	)

The effective portion of cash flow hedges recognized in other comprehensive income were net gains (losses) of $2.0 million and $(2.9) million in the six months ended June 30, 2015 and 2014, respectively. The effective portion of cash flow hedges recognized in other comprehensive income were net losses of $1.9 million and $2.6 million in the three months ended June 30, 2015 and 2014, respectively. In the six and three months ended June 30, 2015 and 2014, the ineffective portion of cash flow hedges recognized in other expense, net, was insignificant.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

9.	Fair Value Measurements

ASC requirements for Fair Value Measurements and Disclosures establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels. Level 1 inputs, the highest priority, are quoted prices in active markets for identical assets or liabilities. Level 2 inputs reflect inputs other than quoted prices included in level 1 that are either observable directly or through corroboration with observable market data. Level 3 inputs are unobservable inputs, due to little or no market activity for the asset or liability, such as internally-developed valuation models. We do not have any assets or liabilities measured at fair value on a recurring basis that are level 3.

The carrying value and fair value of debt as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	June 30, 2015				December 30, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Revolving credit facility	$	—	$	—	$	145.0	$	145.0
Term loan, including current portion		498.7		498.7		525.0		525.0
Senior Notes, net of underwriting commissions and price discounts		891.1		895.5		—		—

The estimated fair value of our term loan and the current portion thereof is determined primarily using broker quotes, which are level 2 inputs. The estimated fair value of our Senior Notes is determined by using quoted market prices of our debt securities, which are level 1 inputs.

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	Fair Value
	June 30, 2015		December 31, 2014
Assets
Derivative financial instruments (level 2)	$	4.1	$	5.6
Deferred compensation program assets (level 1)		3.2		3.3

Total assets	$	7.3	$	8.9

Liabilities
Derivative financial instruments (level 2)	$	2.6	$	5.4

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

10.

Accumulated Other Comprehensive Loss

Total accumulated other comprehensive loss consists of net income and other changes in business equity from transactions and other events from sources other than shareholders. It includes currency translation gains and losses, unrealized gains and losses from derivative instruments designated as cash flow hedges, and defined benefit plan adjustments. The components of and changes in accumulated other comprehensive loss, net of tax, were as follows:


(In millions)	Foreign Currency Adjustments			Derivative Hedging Losses			Defined Benefit Plan Adjustments^(a)			Accumulated Other Comprehensive Loss
Balance at December 31, 2014	$	31.0		$	(0.6	)	$	(37.1	)	$	(6.7	)
Amounts classified into accumulated other comprehensive loss		(13.7	)		1.2			—			(12.5	)
Amounts reclassified from accumulated other comprehensive loss		—			(1.0	)		(4.3	)		(5.3	)

Net current-period other comprehensive loss		(13.7	)		0.2			(4.3	)		(17.8	)

Balance at June 30, 2015	$	17.3		$	(0.4	)	$	(41.4	)	$	(24.5	)

^(a)

See Note 11, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.

The reclassifications out of accumulated other comprehensive loss for the six and three months ended June 30, 2015 and 2014 were as follows:


(In millions)	Amount Reclassified from Accumulated Other Comprehensive Loss Six Months Ended June 30,						Affected Line Item in the Statement of Comprehensive Income
Details about Accumulated Other Comprehensive Loss Components	2015			2014			Affected Line Item in the Statement of Comprehensive Income
Gains on cash flow hedges
Foreign exchange contracts	$	2.1		$	0.6		Cost of products sold
Commodity contracts		(0.1	)		—		Cost of products sold

		2.0			0.6		Total before tax
		(1.0	)		(0.1	)	Tax expense

	$	1.0		$	0.5		Net of tax
Defined benefit plan items
Recognition of prior service credits	$	7.0		$	17.6		^(a)
Recognition of actuarial losses		—			(0.6	)	^(a)

		7.0			17.0		Total before tax
		(2.7	)		(6.4	)	Tax expense

	$	4.3		$	10.6		Net of tax

Total reclassifications for the period	$	5.3		$	11.1		Net of tax


(In millions)	Amount Reclassified from Accumulated Other Comprehensive Loss Three Months Ended June 30,						Affected Line Item in the Statement of Comprehensive Income
Details about Accumulated Other Comprehensive Loss Components	2015			2014			Affected Line Item in the Statement of Comprehensive Income
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	1.1		$	(0.1	)	Cost of products sold
Commodity contracts		(0.1	)		—		Cost of products sold

		1.0			(0.1	)	Total before tax
		(0.5	)		—		Tax expense

	$	0.5		$	(0.1	)	Net of tax
Defined benefit plan items
Recognition of prior service credits	$	3.5		$	7.0		^(a)
		(1.3	)		(2.6	)	Tax expense

	$	2.2		$	4.4		Net of tax

Total reclassifications for the period	$	2.7		$	4.3		Net of tax

^(a)

These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. Refer to Note 11, “Defined Benefit Plans,” for additional information.

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Compensation and Retirement Disclosure [Abstract]

Defined Benefit Plans

6 Months Ended

Jun. 30, 2015

Defined Benefit Plans

11.

Defined Benefit Plans

The components of net periodic benefit cost for pension and postretirement benefits for the six and three months ended June 30, 2015 and 2014 were as follows:


(In millions)	Six Months Ended June 30,
	Pension Benefits						Postretirement Benefits
	2015			2014			2015			2014
Service cost	$	6.4		$	5.4		$	—		$	—
Interest cost		16.9			16.2			0.3			0.4
Expected return on plan assets		(20.4	)		(21.1	)		—			—
Recognition of prior service costs (credits)		—			0.1			(7.0	)		(17.7	)
Recognition of actuarial losses		—			—			—			0.6

Net periodic benefit cost (income)	$	2.9		$	0.6		$	(6.7	)	$	(16.7	)


(In millions)	Three Months Ended June 30,
	Pension Benefits						Postretirement Benefits
	2015			2014			2015			2014
Service cost	$	3.2		$	2.7		$	—		$	—
Interest cost		8.4			8.0			0.1			0.2
Expected return on plan assets		(10.2	)		(10.5	)		—			—
Recognition of prior service costs (credits)		—			0.1			(3.5	)		(7.1	)

Net periodic benefit cost (income)	$	1.4		$	0.3		$	(3.4	)	$	(6.9	)

In the first quarter of 2014, we communicated our decision to amend certain postretirement benefits to reduce health benefits for certain current and retired employees. The impact of these changes was a reduction in accrued retiree benefit plan liabilities of $14.7 million and we recorded actuarial losses of $0.6 million and prior service credits of $3.7 million in the first quarter of 2014. Liability reductions from these plan amendments are recorded as amortization of prior service cost in net income in accordance with accounting requirements. See Note 10, “Accumulated Other Comprehensive Loss,” for information on the impact on accumulated other comprehensive loss.

Income Taxes

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

12.

Income Taxes

The effective income tax rates for the six months ended June 30, 2015 and 2014 were 35.0% and 30.3%, respectively. The effective income tax rate for 2015 was unfavorably impacted by adjustments made to the Company’s unrecognized tax benefits related to the anticipated settlement of the Internal Revenue Service examination for the 2010 and nine months ended September 30, 2011 tax years, non-deductible acquisition costs and incremental state taxes associated with the Norcraft acquisition, and restructuring charges for which the Company cannot recognize a tax benefit. The effective income tax rate for 2014 was favorably impacted by the release of valuation allowances related to state net operating loss carryforwards and tax benefits related to stock-based compensation.

The effective income tax rates for the three months ended June 30, 2015 and 2014 were 35.4% and 29.5%, respectively. The effective income tax rate for 2015 was unfavorably impacted by non-deductible acquisition costs and incremental state taxes associated with the Norcraft acquisition, and restructuring charges for which the Company cannot recognize a tax benefit. The effective income tax rate for 2014 was favorably impacted by the release of valuation allowances related to state net operating loss carryforwards.

It is reasonably possible that, within the next 12 months, total unrecognized tax benefits may decrease in the range of $4 million to $8 million, primarily as a result of the conclusion of pending U.S. federal, state and foreign income tax proceedings.

Product Warranties

6 Months Ended

Jun. 30, 2015

Guarantees [Abstract]

Product Warranties

13.

Product Warranties

We generally record warranty expense at the time of sale. We offer our customers various warranty terms based on the type of product that is sold. Warranty expense is determined based on historic claim experience and the nature of the product category. The following table summarizes activity related to our product warranty liability for the six months ended June 30, 2015 and 2014, respectively.


(In millions)	Six Months Ended June 30,
	2015			2014
Reserve balance at January 1,	$	13.0		$	10.3
Provision for warranties issued		14.5			11.2
Settlements made (in cash or in kind)		(13.5	)		(10.5	)
Acquisitions		1.6			—

Reserve balance at June 30,	$	15.6		$	11.0

Information on Business Segments

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Information on Business Segments

14.

Information on Business Segments

Net sales and operating income for the six and three months ended June 30, 2015 and 2014 by segment were as follows:


	Six Months Ended June 30,
(In millions)	2015			2014			% Change vs. Prior Year
Net Sales
Cabinets	$	962.0		$	878.8			9.5	%
Plumbing		691.6			650.0			6.4
Doors		200.8			190.1			5.6
Security		261.5			197.4			32.5

Net sales	$	2,115.9		$	1,916.3			10.4	%

Operating Income
Cabinets	$	67.9		$	66.0			2.9	%
Plumbing		133.7			126.8			5.4
Doors		14.0			9.6			45.8
Security		26.5			23.2			14.2
Less: Corporate expenses		(46.6	)		(30.8	)		(51.3	)

Operating income	$	195.5		$	194.8			0.4	%

Corporate expenses
General and administrative expense	$	(35.0	)	$	(34.8	)
Defined benefit plan income		3.3			4.0
Norcraft transaction costs^(a)		(14.9	)		—

Total Corporate expenses	$	(46.6	)	$	(30.8	)		(51.3	)%

(a)

Represents external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.


	Three Months Ended June 30,
(In millions)	2015			2014			% Change vs. Prior Year
Net Sales
Cabinets	$	550.9		$	467.9			17.7	%
Plumbing		358.0			340.1			5.3
Doors		117.6			110.5			6.4
Security		138.6			108.7			27.5

Net sales	$	1,165.1		$	1,027.2			13.4	%

Operating Income
Cabinets	$	54.9		$	46.1			19.1	%
Plumbing		69.9			71.5			(2.2	)
Doors		15.2			9.7			56.7
Security		18.5			14.0			32.1
Less: Corporate expenses		(30.3	)		(15.8	)		(91.8	)

Operating income	$	128.2		$	125.5			2.2	%

Corporate expenses
General and administrative expense	$	(18.2	)	$	(18.1	)
Defined benefit plan income		1.7			2.3
Norcraft transaction costs^(a)		(13.8	)		—

Total Corporate expenses	$	(30.3	)	$	(15.8	)		(91.8	)%

(a)

Represents external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges

6 Months Ended

Jun. 30, 2015

Restructuring and Other Charges

15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the six and three months ended June 30, 2015 and 2014 are shown below.


(In millions)	Six Months Ended June 30, 2015
	Restructuring Charges		Other Charges ^(a)				Total Charges
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Cabinets	$	1.0	$	—	$	—	$	1.0
Plumbing		5.7		0.1		0.4		6.2
Security		3.2		—		—		3.2
Corporate		0.9		—		—		0.9

Total	$	10.8	$	0.1	$	0.4	$	11.3


(In millions)	Six Months Ended June 30, 2014
	Restructuring Charges			Other Charges ^(a)			Total Charges
	Restructuring Charges			Cost of Products Sold			Total Charges
Cabinets	$	0.3		$	—		$	0.3
Plumbing		(0.9	)		(0.6	)		(1.5	)
Corporate		1.5			—			1.5

Total	$	0.9		$	(0.6	)	$	0.3

^(a)

“Other Charges” represent charges directly related to restructuring initiatives that cannot be reported as restructuring under U.S. GAAP. Such costs may include losses on disposal of inventories, trade receivables allowances from exiting product lines, accelerated depreciation resulting from the closure of facilities and gains or losses on the sale of previously closed facilities.

^(b)

Selling, general and administrative

Restructuring and other charges in the first six months of 2015 related to severance costs to relocate of a plumbing facility in China and severance within our Security and Cabinets segments and in Corporate, as well as supply chain initiatives.

Restructuring and other charges in the first six months of 2014 results from severance charges in Corporate, partially offset by a benefit from release of a foreign currency gain associated with the dissolution of a foreign entity in the Plumbing segment.


(In millions)	Three Months Ended June 30, 2015
	Restructuring Charges		Other Charges ^(a)				Total Charges
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Cabinets	$	0.1	$	—	$	—	$	0.1
Plumbing		4.7		—		0.4		5.1
Security		1.3		—		—		1.3

Total	$	6.1	$	—	$	0.4	$	6.5


(In millions)	Three Months Ended June 30, 2014
	Restructuring Charges			Other Charges ^(a)			Total Charges
	Restructuring Charges			Cost of Products Sold			Total Charges
Cabinets	$	0.2		$	—		$	0.2
Plumbing		(1.0	)		(0.6	)		(1.6	)
Corporate		1.5			—			1.5

Total	$	0.7		$	(0.6	)	$	0.1

^(a)

^(b)

Selling, general and administrative

Restructuring and other charges in the second quarter of 2015 primarily resulted from severance charges, mainly related to the relocation of a plumbing facility in China. Restructuring and other charges in the second quarter of 2014 primarily resulted from severance charges.

Reconciliation of Restructuring Liability


(In millions)	Balance at 12/31/14		2015 Provision		Cash Expenditures ^(a)			Non-Cash Write-offs ^(b)			Balance at 6/30/15
Workforce reduction costs	$	7.9	$	9.6	$	(6.7	)	$	0.4		$	11.2
Asset disposals		—		1.0		—			(1.0	)		—
Contract termination costs		—		0.2		—			(0.2	)		—

	$	7.9	$	10.8	$	(6.7	)	$	(0.8	)	$	11.2

^(a)

Cash expenditures primarily related to severance charges.

^(b)

Non-cash write-offs include long-lived asset impairment charges attributable to restructuring actions

Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

16.

Earnings Per Share

The computations of earnings per common share were as follows:


(In millions, except per share data)	Six Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015			2014
Income from continuing operations, net of tax	$	118.9	$	132.6	$	78.0		$	86.3
Less: Noncontrolling interest		—		0.7		(0.3	)		0.3

Income from continuing operations for EPS		118.9		131.9		78.3			86.0
Income from discontinued operations		0.8		2.2		1.4			7.3

Net income attributable to Fortune Brands	$	119.7	$	134.1	$	79.7		$	93.3


Earnings per common share
Basic
Continuing operations	$	0.75	$	0.80	$	0.49		$	0.52
Discontinued operations		—		0.01		0.01			0.05

Net income attributable to Fortune Brands common stockholders	$	0.75	$	0.81	$	0.50		$	0.57
Diluted
Continuing operations	$	0.73	$	0.78	$	0.48		$	0.51
Discontinued operations		0.01		0.01		0.01			0.04

Net income attributable to Fortune Brands common stockholders	$	0.74	$	0.79	$	0.49		$	0.55

Basic average shares outstanding		159.2		165.2		159.5			164.2
Stock-based awards		3.6		4.8		3.5			4.5

Diluted average shares outstanding		162.8		170.0		163.0			168.7
Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share		0.9		0.4		1.0			0.6

Contingencies

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Contingencies

17.

Contingencies

Litigation

We are defendants in lawsuits associated with the normal conduct of our businesses and operations. It is not possible to predict the outcome of the pending actions, and, as with any litigation, it is possible that these actions could be decided unfavorably to the Company. The Company believes that there are meritorious defenses to these actions and that these actions will not have a material adverse effect upon our results of operations, cash flows or financial condition, and where appropriate, these actions are being vigorously contested.

Environmental

Compliance with federal, state and local laws regulating the discharge of materials into the environment, or otherwise relating to the protection of the environment, did not have a material effect on capital expenditures, earnings or the competitive position of Fortune Brands during the six months ended June 30, 2015 and 2014. We are involved in remediation activities to clean up hazardous wastes as required by federal and state laws. Liabilities for remediation costs of each site are based on our best estimate of undiscounted future costs, excluding possible insurance recoveries or recoveries from other third parties. We believe compliance with current environmental protection laws (before taking into account estimated recoveries from third parties) will not have a material adverse effect upon our results of operations, cash flows or financial condition. Uncertainties about the status of laws, regulations, technology and information related to individual sites make it difficult to develop estimates of environmental remediation exposures.

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14472-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14615-108349

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Information (Tables)

6 Months Ended

Jun. 30, 2015

Supplemental Information on Balance Sheets

Supplemental information on our balance sheets is as follows:


(In millions)	June 30, 2015		December 31, 2014
Inventories:
Raw materials and supplies	$	219.2	$	178.1
Work in process		57.0		54.0
Finished products		270.2		230.1

Total inventories	$	546.4	$	462.2

Property, plant and equipment, gross	$	1,471.0	$	1,396.3
Less: accumulated depreciation		889.0		856.5

Property, plant and equipment, net	$	582.0	$	539.8

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Final Allocation of Purchase Price to Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to fair values of assets acquired and liabilities assumed as of the date of the acquisition.


(In millions)
Accounts receivable	$	31.0
Inventories		28.4
Property, plant and equipment		28.9
Goodwill		450.5
Identifiable intangible assets		200.0
Other assets		18.7

Total assets		757.5
Deferred tax liabilities		80.2
Other liabilities and accruals		28.7

Net assets acquired	$	648.6

Proforma Consolidated Financial Information

The following unaudited pro forma summary presents consolidated financial information as if Norcraft had been acquired on January 1, 2014. The unaudited pro forma financial information is based on historical results of operations and financial position of the Company and Norcraft. The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2014. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.


(In millions, except per share amounts)	Six Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015		2014
Net sales	$	2,258.3	$	2,096.8	$	1,213.1	$	1,124.2
Income from continuing operations		134.9		126.2		90.1		91.6

Basic earnings per common share	$	0.85	$	0.76	$	0.57	$	0.56
Diluted earnings per common share	$	0.83	$	0.74	$	0.56	$	0.54

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of the Results of Discontinued Operations


(in millions)	Six Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015		2014
Net sales	$	50.4	$	192.1	$	27.5	$	115.0

Income from discontinued operations before income taxes	$	1.6	$	4.1	$	2.4	$	11.3
Income taxes		0.8		1.9		1.0		4.0

Income from discontinued operations, net of tax	$	0.8	$	2.2	$	1.4	$	7.3

The following table summarizes the major classes of assets and liabilities of Waterloo, which is reflected as a discontinued operation on the consolidated balance sheet:


(in millions)	June 30, 2015		December 31, 2014
Accounts receivable, net	$	21.4	$	40.1
Inventories		8.3		15.9
Other current assets		2.9		7.3

Total current assets		32.6		63.3
Property, plant and equipment, net		14.2		13.3
Other non-current assets		4.8		4.0

Total assets	$	51.6	$	80.6


Accounts payable	$	5.2	$	8.5
Other current liabilities		4.3		9.0

Total current liabilities		9.5		17.5
Other non-current liabilities		2.6		3.4

Total liabilities	$	12.1	$	20.9

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
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Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Change in Net Carrying Amount of Goodwill by Segment

The change in the net carrying amount of goodwill by segment was as follows:


(In millions)	Cabinets			Plumbing			Doors		Security			Total Goodwill
Goodwill at December 31, 2014 ^(a)	$	630.1		$	595.6		$	143.0	$	99.1		$	1,467.8
Year-to-date translation adjustments		(1.7	)		—			—		(0.9	)		(2.6	)
Acquisition-related adjustments		456.9			(17.0	)		—		(0.4	)		439.5

Goodwill at June 30, 2015 ^(a)	$	1,085.3		$	578.6		$	143.0	$	97.8		$	1,904.7

(a)

Net of accumulated impairment losses of $399.5 million in the Doors segment.

Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	As of June 30, 2015							As of December 31, 2014
	Gross Carrying Amounts		Accumulated Amortization			Net Book Value		Gross Carrying Amounts		Accumulated Amortization			Net Book Value
Indefinite-lived tradenames	$	538.6	$	(42.0	)^(a)	$	496.6	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		16.9		(6.7	)		10.2		14.6		(6.4	)		8.2
Customer and contractual relationships		505.1		(169.4	)		335.7		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.5	)		16.3		57.7		(40.3	)		17.4

Total		579.8		(217.6	)		362.2		366.5		(210.7	)		155.8

Total identifiable intangibles	$	1,118.4	$	(259.6	)	$	858.8	$	909.2	$	(252.7	)	$	656.5

(a)

Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.

Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	As of June 30, 2015							As of December 31, 2014
	Gross Carrying Amounts		Accumulated Amortization			Net Book Value		Gross Carrying Amounts		Accumulated Amortization			Net Book Value
Indefinite-lived tradenames	$	538.6	$	(42.0	)^(a)	$	496.6	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		16.9		(6.7	)		10.2		14.6		(6.4	)		8.2
Customer and contractual relationships		505.1		(169.4	)		335.7		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.5	)		16.3		57.7		(40.3	)		17.4

Total		579.8		(217.6	)		362.2		366.5		(210.7	)		155.8

Total identifiable intangibles	$	1,118.4	$	(259.6	)	$	858.8	$	909.2	$	(252.7	)	$	656.5

(a)

Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of June 30, 2015 and December 31, 2014 were:


(In millions)		Fair Value
	Location	June 30, 2015		December 31, 2014
Assets
Foreign exchange contracts	Other current assets	$	3.8	$	5.1
Net investment hedges	Other current assets		0.3		0.5

	Total assets	$	4.1	$	5.6

Liabilities
Foreign exchange contracts	Other current liabilities	$	2.6	$	5.4

Effects of Derivative Financial Instruments on Statements of Comprehensive Income

The effects of derivative financial instruments on the statements of comprehensive income for the six and three months ended June 30, 2015 and 2014 were:


(In millions)		Gain Recognized in Income Six Months Ended June 30,
Type of hedge	Location	2015		2014
Cash flow	Cost of products sold	$	2.0	$	0.6
Fair value	Other expense, net		2.7		0.8

Total		$	4.7	$	1.4


(In millions)		Gain (Loss) Recognized in Income Three Months Ended June 30,
Type of hedge	Location	2015		2014
Cash flow	Cost of products sold	$	1.0	$	(0.1	)
Fair value	Other expense, net		1.7		(0.1	)

Total		$	2.7	$	(0.2	)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Carrying Value and Fair Value of Debt

The carrying value and fair value of debt as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	June 30, 2015				December 30, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Revolving credit facility	$	—	$	—	$	145.0	$	145.0
Term loan, including current portion		498.7		498.7		525.0		525.0
Senior Notes, net of underwriting commissions and price discounts		891.1		895.5		—		—

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 were as follows:


(In millions)	Fair Value
	June 30, 2015		December 31, 2014
Assets
Derivative financial instruments (level 2)	$	4.1	$	5.6
Deferred compensation program assets (level 1)		3.2		3.3

Total assets	$	7.3	$	8.9

Liabilities
Derivative financial instruments (level 2)	$	2.6	$	5.4

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Components of and Changes in Accumulated Other Comprehensive Loss

The components of and changes in accumulated other comprehensive loss, net of tax, were as follows:


(In millions)	Foreign Currency Adjustments			Derivative Hedging Losses			Defined Benefit Plan Adjustments^(a)			Accumulated Other Comprehensive Loss
Balance at December 31, 2014	$	31.0		$	(0.6	)	$	(37.1	)	$	(6.7	)
Amounts classified into accumulated other comprehensive loss		(13.7	)		1.2			—			(12.5	)
Amounts reclassified from accumulated other comprehensive loss		—			(1.0	)		(4.3	)		(5.3	)

Net current-period other comprehensive loss		(13.7	)		0.2			(4.3	)		(17.8	)

Balance at June 30, 2015	$	17.3		$	(0.4	)	$	(41.4	)	$	(24.5	)

(a)

See Note 11, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.

Reclassifications Out of Accumulated Other Comprehensive Loss

The reclassifications out of accumulated other comprehensive loss for the six and three months ended June 30, 2015 and 2014 were as follows:


(In millions)	Amount Reclassified from Accumulated Other Comprehensive Loss Six Months Ended June 30,						Affected Line Item in the Statement of Comprehensive Income
Details about Accumulated Other Comprehensive Loss Components	2015			2014			Affected Line Item in the Statement of Comprehensive Income
Gains on cash flow hedges
Foreign exchange contracts	$	2.1		$	0.6		Cost of products sold
Commodity contracts		(0.1	)		—		Cost of products sold

		2.0			0.6		Total before tax
		(1.0	)		(0.1	)	Tax expense

	$	1.0		$	0.5		Net of tax
Defined benefit plan items
Recognition of prior service credits	$	7.0		$	17.6		^(a)
Recognition of actuarial losses		—			(0.6	)	^(a)

		7.0			17.0		Total before tax
		(2.7	)		(6.4	)	Tax expense

	$	4.3		$	10.6		Net of tax

Total reclassifications for the period	$	5.3		$	11.1		Net of tax


(In millions)	Amount Reclassified from Accumulated Other Comprehensive Loss Three Months Ended June 30,						Affected Line Item in the Statement of Comprehensive Income
Details about Accumulated Other Comprehensive Loss Components	2015			2014			Affected Line Item in the Statement of Comprehensive Income
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	1.1		$	(0.1	)	Cost of products sold
Commodity contracts		(0.1	)		—		Cost of products sold

		1.0			(0.1	)	Total before tax
		(0.5	)		—		Tax expense

	$	0.5		$	(0.1	)	Net of tax
Defined benefit plan items
Recognition of prior service credits	$	3.5		$	7.0		^(a)
		(1.3	)		(2.6	)	Tax expense

	$	2.2		$	4.4		Net of tax

Total reclassifications for the period	$	2.7		$	4.3		Net of tax

^(a)

These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. Refer to Note 11, “Defined Benefit Plans,” for additional information.

Defined Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Components of Net Periodic Benefit Cost for Pension and Postretirement Benefits

The components of net periodic benefit cost for pension and postretirement benefits for the six and three months ended June 30, 2015 and 2014 were as follows:


(In millions)	Six Months Ended June 30,
	Pension Benefits						Postretirement Benefits
	2015			2014			2015			2014
Service cost	$	6.4		$	5.4		$	—		$	—
Interest cost		16.9			16.2			0.3			0.4
Expected return on plan assets		(20.4	)		(21.1	)		—			—
Recognition of prior service costs (credits)		—			0.1			(7.0	)		(17.7	)
Recognition of actuarial losses		—			—			—			0.6

Net periodic benefit cost (income)	$	2.9		$	0.6		$	(6.7	)	$	(16.7	)


(In millions)	Three Months Ended June 30,
	Pension Benefits						Postretirement Benefits
	2015			2014			2015			2014
Service cost	$	3.2		$	2.7		$	—		$	—
Interest cost		8.4			8.0			0.1			0.2
Expected return on plan assets		(10.2	)		(10.5	)		—			—
Recognition of prior service costs (credits)		—			0.1			(3.5	)		(7.1	)

Net periodic benefit cost (income)	$	1.4		$	0.3		$	(3.4	)	$	(6.9	)

Product Warranties (Tables)

6 Months Ended

Jun. 30, 2015

Guarantees [Abstract]

The following table summarizes activity related to our product warranty liability for the six months ended June 30, 2015 and 2014, respectively.


(In millions)	Six Months Ended June 30,
	2015			2014
Reserve balance at January 1,	$	13.0		$	10.3
Provision for warranties issued		14.5			11.2
Settlements made (in cash or in kind)		(13.5	)		(10.5	)
Acquisitions		1.6			—

Reserve balance at June 30,	$	15.6		$	11.0

Information on Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Net Sales and Operating Income by Segment

Net sales and operating income for the six and three months ended June 30, 2015 and 2014 by segment were as follows:


	Six Months Ended June 30,
(In millions)	2015			2014			% Change vs. Prior Year
Net Sales
Cabinets	$	962.0		$	878.8			9.5	%
Plumbing		691.6			650.0			6.4
Doors		200.8			190.1			5.6
Security		261.5			197.4			32.5

Net sales	$	2,115.9		$	1,916.3			10.4	%

Operating Income
Cabinets	$	67.9		$	66.0			2.9	%
Plumbing		133.7			126.8			5.4
Doors		14.0			9.6			45.8
Security		26.5			23.2			14.2
Less: Corporate expenses		(46.6	)		(30.8	)		(51.3	)

Operating income	$	195.5		$	194.8			0.4	%

Corporate expenses
General and administrative expense	$	(35.0	)	$	(34.8	)
Defined benefit plan income		3.3			4.0
Norcraft transaction costs^(a)		(14.9	)		—

Total Corporate expenses	$	(46.6	)	$	(30.8	)		(51.3	)%

(a)

Represents external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.


	Three Months Ended June 30,
(In millions)	2015			2014			% Change vs. Prior Year
Net Sales
Cabinets	$	550.9		$	467.9			17.7	%
Plumbing		358.0			340.1			5.3
Doors		117.6			110.5			6.4
Security		138.6			108.7			27.5

Net sales	$	1,165.1		$	1,027.2			13.4	%

Operating Income
Cabinets	$	54.9		$	46.1			19.1	%
Plumbing		69.9			71.5			(2.2	)
Doors		15.2			9.7			56.7
Security		18.5			14.0			32.1
Less: Corporate expenses		(30.3	)		(15.8	)		(91.8	)

Operating income	$	128.2		$	125.5			2.2	%

Corporate expenses
General and administrative expense	$	(18.2	)	$	(18.1	)
Defined benefit plan income		1.7			2.3
Norcraft transaction costs^(a)		(13.8	)		—

Total Corporate expenses	$	(30.3	)	$	(15.8	)		(91.8	)%

(a)

Represents external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.

Restructuring and Other Charges (Tables)

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

Pre Tax Restructuring and Other Charges

Pre-tax restructuring and other charges for the six and three months ended June 30, 2015 and 2014 are shown below.


(In millions)	Six Months Ended June 30, 2015
	Restructuring Charges		Other Charges ^(a)				Total Charges
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Cabinets	$	1.0	$	—	$	—	$	1.0
Plumbing		5.7		0.1		0.4		6.2
Security		3.2		—		—		3.2
Corporate		0.9		—		—		0.9

Total	$	10.8	$	0.1	$	0.4	$	11.3


(In millions)	Six Months Ended June 30, 2014
	Restructuring Charges			Other Charges ^(a)			Total Charges
	Restructuring Charges			Cost of Products Sold			Total Charges
Cabinets	$	0.3		$	—		$	0.3
Plumbing		(0.9	)		(0.6	)		(1.5	)
Corporate		1.5			—			1.5

Total	$	0.9		$	(0.6	)	$	0.3

^(a)

^(b)

Selling, general and administrative


(In millions)	Three Months Ended June 30, 2015
	Restructuring Charges		Other Charges ^(a)				Total Charges
	Restructuring Charges		Cost of Products Sold		SG&A^(b)		Total Charges
Cabinets	$	0.1	$	—	$	—	$	0.1
Plumbing		4.7		—		0.4		5.1
Security		1.3		—		—		1.3

Total	$	6.1	$	—	$	0.4	$	6.5


(In millions)	Three Months Ended June 30, 2014
	Restructuring Charges			Other Charges ^(a)			Total Charges
	Restructuring Charges			Cost of Products Sold			Total Charges
Cabinets	$	0.2		$	—		$	0.2
Plumbing		(1.0	)		(0.6	)		(1.6	)
Corporate		1.5			—			1.5

Total	$	0.7		$	(0.6	)	$	0.1

^(a)

^(b)

Selling, general and administrative

Reconciliation of Restructuring Liability

Reconciliation of Restructuring Liability


(In millions)	Balance at 12/31/14		2015 Provision		Cash Expenditures ^(a)			Non-Cash Write-offs ^(b)			Balance at 6/30/15
Workforce reduction costs	$	7.9	$	9.6	$	(6.7	)	$	0.4		$	11.2
Asset disposals		—		1.0		—			(1.0	)		—
Contract termination costs		—		0.2		—			(0.2	)		—

	$	7.9	$	10.8	$	(6.7	)	$	(0.8	)	$	11.2

^(a)

Cash expenditures primarily related to severance charges.

^(b)

Non-cash write-offs include long-lived asset impairment charges attributable to restructuring actions

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

The computations of earnings per common share were as follows:


(In millions, except per share data)	Six Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015			2014
Income from continuing operations, net of tax	$	118.9	$	132.6	$	78.0		$	86.3
Less: Noncontrolling interest		—		0.7		(0.3	)		0.3

Income from continuing operations for EPS		118.9		131.9		78.3			86.0
Income from discontinued operations		0.8		2.2		1.4			7.3

Net income attributable to Fortune Brands	$	119.7	$	134.1	$	79.7		$	93.3


Earnings per common share
Basic
Continuing operations	$	0.75	$	0.80	$	0.49		$	0.52
Discontinued operations		—		0.01		0.01			0.05

Net income attributable to Fortune Brands common stockholders	$	0.75	$	0.81	$	0.50		$	0.57
Diluted
Continuing operations	$	0.73	$	0.78	$	0.48		$	0.51
Discontinued operations		0.01		0.01		0.01			0.04

Net income attributable to Fortune Brands common stockholders	$	0.74	$	0.79	$	0.49		$	0.55

Basic average shares outstanding		159.2		165.2		159.5			164.2
Stock-based awards		3.6		4.8		3.5			4.5

Diluted average shares outstanding		162.8		170.0		163.0			168.7
Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share		0.9		0.4		1.0			0.6

Recently Issued Accounting Standards - Additional Information (Detail) $ in Millions	Jun. 30, 2015 USD ($)
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Debt issuance costs	$ 3

Balance Sheet Information - Supplemental Information on Balance Sheets (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventories:
Raw materials and supplies	$ 219.2	$ 178.1
Work in process	57.0	54.0
Finished products	270.2	230.1
Total inventories	546.4	462.2
Property, plant and equipment, gross	1,471.0	1,396.3
Less: accumulated depreciation	889.0	856.5
Property, plant and equipment, net	$ 582.0	$ 539.8

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions		1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	May 12, 2015	Mar. 31, 2015	Jul. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Net sales				$ 1,165.1	$ 1,027.2	$ 2,115.9	$ 1,916.3
Payment to acquire business		$ 6.0
Norcraft Companies, Inc [Member]
Business Acquisition [Line Items]
Business acquisition purchase price	$ 648.6
Acquisition related transaction costs				13.8		14.9
Net sales				46.0		46.0
Identifiable intangible assets				200.0		$ 200.0
Norcraft Companies, Inc [Member] \| Customer Relationships
Business Acquisition [Line Items]
Amortizable identifiable intangible assets, estimated useful life						20 years
Anaheim Manufacturing Company [Member]
Business Acquisition [Line Items]
Business acquisition purchase price								$ 28.9
Net sales				7.0		$ 15.0
SentrySafe [Member]
Business Acquisition [Line Items]
Business acquisition purchase price			$ 116.7
Net sales				$ 32.0		$ 68.0

Acquisitions - Final Allocation of Purchase Price to Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($)
$ in Millions

Jun. 30, 2015

May 12, 2015

Dec. 31, 2014

Business Acquisition [Line Items]

Norcraft Companies, Inc [Member]

^[1]

$ 1,904.7

$ 1,467.8

Business Acquisition [Line Items]

Accounts receivable

$ 31.0

Inventories

28.4

Property, plant and equipment

28.9

Identifiable intangible assets

450.5

200.0

Other assets

18.7

Total assets

757.5

Deferred tax liabilities

80.2

Other liabilities and accruals

28.7

Net assets acquired

$ 648.6

[1]	Net of accumulated impairment losses of $399.5 million in the Doors segment.

Acquisitions - Proforma Consolidated Financial Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Combinations [Abstract]
Net sales	$ 1,213.1	$ 1,124.2	$ 2,258.3	$ 2,096.8
Income from continuing operations	$ 90.1	$ 91.6	$ 134.9	$ 126.2
Basic earnings per common share	$ 0.57	$ 0.56	$ 0.85	$ 0.76
Diluted earnings per common share	$ 0.56	$ 0.54	$ 0.83	$ 0.74

Discontinued Operations - Additional Information (Detail) $ in Millions	1 Months Ended
	Sep. 30, 2014 USD ($)
Simonton Windows [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 130

Discontinued Operations - Summary of Operating Results and Summary of Major Classes of Assets and Liabilities Reflected as Discontinued Operations on Consolidated Comprehensive Income and Balance Sheet (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 1.4	$ 7.3	$ 0.8	$ 2.2
Total current assets	32.6		32.6		$ 63.3
Total current liabilities	9.5		9.5		17.5
Waterloo [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	27.5		50.4
Income from discontinued operations before income taxes	2.4		1.6
Income taxes	1.0		0.8
Income from discontinued operations, net of tax	1.4		0.8
Accounts receivable, net	21.4		21.4		40.1
Inventories	8.3		8.3		15.9
Other current assets	2.9		2.9		7.3
Total current assets	32.6		32.6		63.3
Property, plant and equipment, net	14.2		14.2		13.3
Other non-current assets	4.8		4.8		4.0
Total assets	51.6		51.6		80.6
Accounts payable	5.2		5.2		8.5
Other current liabilities	4.3		4.3		9.0
Total current liabilities	9.5		9.5		17.5
Other non-current liabilities	2.6		2.6		3.4
Total liabilities	$ 12.1		$ 12.1		$ 20.9
Waterloo and Simonton [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		115.0		192.1
Income from discontinued operations before income taxes		11.3		4.1
Income taxes		4.0		1.9
Income from discontinued operations, net of tax		$ 7.3		$ 2.2

Goodwill and Identifiable Intangible Assets - Additional Information (Detail) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2015

May 12, 2015

Dec. 31, 2014

Identifiable intangible assets, tradenames

^[1]

$ 1,904.7

$ 1,467.8

858.8

$ 656.5

Norcraft Companies, Inc [Member]

Goodwill increase (decrease) due to acquisition-related adjustments

$ 450.5

436.9

Norcraft and Anaheim [Member]

Increase in gross identifiable intangible assets acquired

$ 209.2

Minimum [Member] | Tradenames and Customer Relationship [Member]

Amortizable identifiable intangible assets, estimated useful life

5 years

Maximum [Member] | Tradenames and Customer Relationship [Member]

Amortizable identifiable intangible assets, estimated useful life

30 years

[1]	Net of accumulated impairment losses of $399.5 million in the Doors segment.

Goodwill and Identifiable Intangible Assets - Change in Net Carrying Amount of Goodwill by Segment (Detail)
$ in Millions

6 Months Ended

Jun. 30, 2015

USD ($)

$ 1,467.8

^[1]

(2.6)

439.5

1,904.7

^[1]

Doors [Member]

143.0

^[1]

143.0

^[1]

Cabinets [Member]

630.1

^[1]

(1.7)

456.9

1,085.3

^[1]

Plumbing [Member]

595.6

^[1]

(17.0)

578.6

^[1]

Security [Member]

99.1

^[1]

(0.9)

(0.4)

$ 97.8

^[1]

[1]	Net of accumulated impairment losses of $399.5 million in the Doors segment.

Goodwill and Identifiable Intangible Assets - Change in Net Carrying Amount of Goodwill by Segment (Parenthetical) (Detail) $ in Millions	Jun. 30, 2015 USD ($)
Doors [Member]
Goodwill [Line Items]
Accumulated impairment losses	$ 399.5

Goodwill and Identifiable Intangible Assets - Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets (Detail) - USD ($)
$ in Millions

Jun. 30, 2015

Dec. 31, 2014

Gross Carrying Amounts, Total identifiable intangibles

$ 1,118.4

$ 909.2

Accumulated Amortization, Total identifiable intangibles

(259.6)

(252.7)

Net Book Value, Total identifiable intangibles

858.8

656.5

Gross Carrying Amounts, Indefinite-lived tradenames

538.6

542.7

Accumulated Amortization, Indefinite-lived tradenames

^[1]

(42.0)

Net Book Value, Indefinite-lived tradenames

496.6

500.7

579.8

366.5

(217.6)

(210.7)

362.2

155.8

Tradenames [Member]

16.9

14.6

(6.7)

(6.4)

Customer and contractual relationships [Member]

10.2

8.2

505.1

294.2

(169.4)

(164.0)

Patents/proprietary technology [Member]

335.7

130.2

57.8

57.7

(41.5)

(40.3)

$ 16.3

$ 17.4

[1]	Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles - Goodwill and Other Assets.

External Debt and Financing Arrangements - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Revolving credit facility, extended expiration date				2018-07
Term loan, extended expiration date				2018-07
Current portion of long-term debt	$ 0	$ 0		$ 0		$ 26,300,000
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital	25,700,000	25,700,000		25,700,000		25,700,000
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital amount outstanding	0	$ 0		$ 0		0
Weighted-average interest rates on borrowings		0.00%	5.30%	0.00%	7.20%
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, price	900,000,000	$ 900,000,000		$ 900,000,000
Senior notes, outstanding amount	891,100,000	891,100,000		891,100,000
Senior Unsecured Notes [Member] \| Notes Due 2020 [Member]
Debt Instrument [Line Items]
Senior unsecured notes, price	$ 400,000,000	$ 400,000,000		$ 400,000,000
Senior unsecured notes, maturity period	5 years
Senior unsecured notes, maturity year	2020
Senior unsecured notes, coupon rate	3.00%	3.00%		3.00%
Senior Unsecured Notes [Member] \| Notes Due 2025 [Member]
Debt Instrument [Line Items]
Senior unsecured notes, price	$ 500,000,000	$ 500,000,000		$ 500,000,000
Senior unsecured notes, maturity period	10 years
Senior unsecured notes, maturity year	2025
Senior unsecured notes, coupon rate	4.00%	4.00%		4.00%
JPMorgan Chase & Co. [Member]
Debt Instrument [Line Items]
Ownership percentage				10.00%
JPMorgan Chase Bank, N.A. [Member]
Debt Instrument [Line Items]
Total debt under credit facilities	$ 41,400,000	$ 41,400,000		$ 41,400,000
Cash balances	2,300,000	2,300,000		2,300,000
JPMorgan Investment Management, Inc. [Member]
Debt Instrument [Line Items]
Pension assets	26,900,000	26,900,000		26,900,000
J.P. Morgan Securities LLC [Member]
Debt Instrument [Line Items]
Senior unsecured notes, price	900,000,000	900,000,000		$ 900,000,000
LIBOR [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate over LIBOR				1.00%
LIBOR [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate over LIBOR				2.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	975,000,000	975,000,000		$ 975,000,000
Term loan, outstanding borrowings	0	0		0		145,000,000
Term Loan Facilities [Member]
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	525,000,000	525,000,000		525,000,000
Term loan, outstanding borrowings	$ 498,700,000	$ 498,700,000		$ 498,700,000		$ 525,000,000

Financial Instruments - Additional Information (Detail) - USD ($)		3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative [Line Items]
Net settlement asset	$ 1,500,000
Estimated amount of net foreign currency derivative losses in other comprehensive income reclassified to earnings	200,000	$ 200,000		$ 200,000
Cash flow hedge [Member]
Derivative [Line Items]
Net (losses) gains recognized in OCI		(1,900,000)	$ (2,600,000)	2,000,000	$ (2,900,000)
Foreign exchange contracts [Member]
Derivative [Line Items]
Notional amount of foreign currency derivative hedges	$ 263,900,000	$ 263,900,000		$ 263,900,000

Financial Instruments - Fair Values of Derivative Instruments (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 4.1	$ 5.6
Net investment hedges [Member] \| Other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0.3	0.5
Foreign exchange contracts [Member] \| Other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	3.8	5.1
Foreign exchange contracts [Member] \| Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 2.6	$ 5.4

Financial Instruments - Effects of Derivative Financial Instruments on Statements of Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	$ 2.7	$ (0.2)	$ 4.7	$ 1.4
Cash flow hedge [Member] \| Cost of products sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	1.0	(0.1)	2.0	0.6
Fair value hedge [Member] \| Other expense, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	$ 1.7	$ (0.1)	$ 2.7	$ 0.8

Fair Value Measurements - Carrying Value and Fair Value of Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Revolving Credit Facility [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Carrying Value	$ 0.0	$ 145.0
Fair Value		145.0
Term Loan Facilities [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Carrying Value	498.7	525.0
Fair Value	498.7	$ 525.0
Senior Unsecured Notes [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Carrying Value	891.1
Fair Value	$ 895.5

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

Accumulated Other Comprehensive Income (Loss) [Line Items]

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets financial instruments (level 2)	$ 4.1	$ 5.6
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	7.3	8.9
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets financial instruments (level 2)	4.1	5.6
Derivative liabilities financial instruments (level 2)	2.6	5.4
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation program assets (level 1)	$ 3.2	$ 3.3

Accumulated Other Comprehensive Loss - Components of and Changes in Accumulated Other Comprehensive Loss (Detail)
$ in Millions

6 Months Ended

Jun. 30, 2015

USD ($)

Amounts classified into accumulated other comprehensive loss

$ (6.7)

(12.5)

Amounts reclassified from accumulated other comprehensive loss

(5.3)

(17.8)

Foreign Currency Adjustments [Member]

(24.5)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Amounts classified into accumulated other comprehensive loss

31.0

(13.7)

(13.7)

Derivative Hedging Losses [Member]

17.3

Accumulated Other Comprehensive Income (Loss) [Line Items]

Amounts classified into accumulated other comprehensive loss

(0.6)

1.2

Amounts reclassified from accumulated other comprehensive loss

(1.0)

0.2

Defined Benefit Plan Adjustments [Member]

(0.4)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Amounts reclassified from accumulated other comprehensive loss

(37.1)

^[1]

(4.3)

^[1]

(4.3)

^[1]

$ (41.4)

^[1]

[1]	See Note 11, "Defined Benefit Plans," for further information on the adjustments related to defined benefit plans.

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Cost of products sold

$ (754.7)

$ (665.4)

$ (1,388.6)

$ (1,259.2)

Income from continuing operations before income taxes

120.7

122.4

182.9

190.3

Tax (expense) benefit

(42.7)

(36.1)

(64.0)

(57.7)

Reclassification out of Accumulated Other Comprehensive Income [Member]

79.4

93.6

119.7

134.8

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Hedging Losses [Member]

2.7

4.3

5.3

11.1

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Income from continuing operations before income taxes

1.0

(0.1)

2.0

0.6

Tax (expense) benefit

(0.5)

(1.0)

(0.1)

Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Hedging Losses [Member] | Foreign exchange contracts [Member]

0.5

(0.1)

1.0

0.5

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Cost of products sold

1.1

(0.1)

2.1

0.6

Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Hedging Losses [Member] | Commodity contracts

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Cost of products sold

(0.1)

Reclassification out of Accumulated Other Comprehensive Income [Member] | Defined Benefit Plan Adjustments [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Recognition of prior service credits

^[1]

3.5

7.0

17.6

Recognition of actuarial losses

^[1]

(0.6)

Income from continuing operations before income taxes

7.0

17.0

Tax (expense) benefit

(1.3)

(2.6)

(2.7)

(6.4)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 2.2

$ 4.4

$ 4.3

$ 10.6

[1]	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. Refer to Note 11, "Defined Benefit Plans," for additional information.

Defined Benefit Plans - Components of Net Periodic Benefit Cost for Pension and Postretirement Benefits (Detail) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Recognition of actuarial losses					$ 0.6
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3.2	$ 2.7		$ 6.4	5.4
Interest cost	8.4	8.0		16.9	16.2
Expected return on plan assets	(10.2)	(10.5)		(20.4)	(21.1)
Recognition of prior service costs (credits)		0.1			0.1
Net periodic benefit cost (income)	1.4	0.3		2.9	0.6
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	0.1	0.2		0.3	0.4
Recognition of prior service costs (credits)	(3.5)	(7.1)		(7.0)	(17.7)
Recognition of actuarial losses			$ 0.6		0.6
Net periodic benefit cost (income)	$ (3.4)	$ (6.9)		$ (6.7)	$ (16.7)

Defined Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2014	Jun. 30, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Recognition of actuarial (losses) gains		$ (0.6)
Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Reduction in accrued retiree benefit plans	$ (14.7)
Recognition of actuarial (losses) gains	(0.6)	$ (0.6)
Defined benefit plans, curtailment charges	$ (3.7)

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Line Items]
Effective income tax rate	35.40%	29.50%	35.00%	30.30%
Minimum [Member]
Income Taxes [Line Items]
Reasonably possible decrease in unrecognized tax benefits	$ 4		$ 4
Maximum [Member]
Income Taxes [Line Items]
Reasonably possible decrease in unrecognized tax benefits	$ 8		$ 8

Product Warranties - Activity Related to Product Warranty Liability (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Product Warranties Disclosures [Abstract]
Reserve balance at the beginning of the year	$ 13.0	$ 10.3
Provision for warranties issued	14.5	11.2
Settlements made (in cash or in kind)	(13.5)	(10.5)
Acquisitions	1.6
Reserve balance at end of year	$ 15.6	$ 11.0

Information on Business Segments - Net Sales and Operating Income by Segment (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

$ 1,165.1

$ 1,027.2

$ 2,115.9

$ 1,916.3

$ 128.2

125.5

$ 195.5

194.8

13.40%

10.40%

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

2.20%

0.40%

Corporate [Member]

General and administrative expense

$ (30.3)

(15.8)

$ (46.6)

(30.8)

(18.2)

(18.1)

(35.0)

(34.8)

Defined benefit plan income

1.7

2.3

3.3

4.0

Norcraft transaction costs

^[1]

(13.8)

(14.9)

Total Corporate expenses

$ (30.3)

(15.8)

$ (46.6)

(30.8)

Total Corporate expenses, Percentage Change vs. Prior Year

(91.80%)

(51.30%)

(91.80%)

(51.30%)

Cabinets [Member] | Operating Segments [Member]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 550.9

467.9

$ 962.0

878.8

$ 54.9

46.1

$ 67.9

66.0

17.70%

9.50%

Plumbing [Member] | Operating Segments [Member]

19.10%

2.90%

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 358.0

340.1

$ 691.6

650.0

$ 69.9

71.5

$ 133.7

126.8

5.30%

6.40%

Doors [Member] | Operating Segments [Member]

(2.20%)

5.40%

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 117.6

110.5

$ 200.8

190.1

$ 15.2

9.7

$ 14.0

9.6

6.40%

5.60%

Security [Member] | Operating Segments [Member]

56.70%

45.80%

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 138.6

108.7

$ 261.5

197.4

$ 18.5

$ 14.0

$ 26.5

$ 23.2

27.50%

32.50%

32.10%

14.20%

[1]	Represents external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.

Restructuring and Other Charges - Pre-tax Restructuring and Other Charges (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

$ 6.1

$ 0.7

$ 10.8

$ 0.9

Operating Segments [Member]

6.5

0.1

11.3

0.3

Operating Segments [Member] | Cabinets [Member]

6.1

0.7

10.8

0.9

0.1

0.2

1.0

0.3

Operating Segments [Member] | Plumbing [Member]

0.1

0.2

1.0

0.3

4.7

(1.0)

5.7

(0.9)

Operating Segments [Member] | Security [Member]

5.1

(1.6)

6.2

(1.5)

1.3

3.2

Operating Segments [Member] | Cost of products sold [Member]

1.3

3.2

Operating Segments [Member] | Cost of products sold [Member] | Plumbing [Member]

^[1]

(0.6)

0.1

(0.6)

Operating Segments [Member] | SG&A [Member]

^[1]

(0.6)

0.1

(0.6)

Operating Segments [Member] | SG&A [Member] | Plumbing [Member]

^[2]

0.4

^[2]

$ 0.4

0.4

Corporate [Member]

1.5

0.9

1.5

$ 1.5

$ 0.9

$ 1.5

[1]	"Other Charges" represent charges directly related to restructuring initiatives that cannot be reported as restructuring under U.S. GAAP. Such costs may include losses on disposal of inventories, trade receivables allowances from exiting product lines, accelerated depreciation resulting from the closure of facilities and gains or losses on the sale of previously closed facilities.
[2]	Selling, general and administrative

Restructuring and Other Charges - Reconciliation of Restructuring Liability (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Balance at December 31 2014

$ 7.9

$ 6.1

$ 0.7

10.8

$ 0.9

Cash Expenditures

^[1]

(6.7)

Workforce Reduction Costs [Member]

^[2]

(0.8)

Balance at June 30 2015

11.2

Balance at December 31 2014

7.9

9.6

Cash Expenditures

^[1]

(6.7)

^[2]

0.4

Balance at June 30 2015

$ 11.2

11.2

Asset Disposals [Member]

1.0

Contract Termination Costs [Member]

^[2]

(1.0)

0.2