View Filing Data

Other intangible assets, net of accumulated amortization

1,521.1

^[1]

1,381.4

760.7

683.6

Other assets

50.4

71.6

Total assets

4,119.3

3,873.9

Current liabilities

Notes payable to banks

5.6

5.5

Current portion of long-term debt

22.5

Accounts payable

344.4

287.0

Other current liabilities

357.9

317.4

Total current liabilities

707.9

632.4

Long-term debt

350.0

297.5

Deferred income taxes

227.9

224.0

Accrued defined benefit plans

193.7

252.7

Other non-current liabilities

85.8

82.6

Total liabilities

1,565.3

1,489.2

Home & Security stockholders' equity

Common stock

^[2]

1.7

1.6

Paid-in capital

2,406.3

2,324.8

Accumulated other comprehensive income

51.6

30.6

Retained earnings

156.7

41.0

Treasury stock

(65.8)

(16.9)

Total Home & Security stockholders' equity

2,550.5

2,381.1

Noncontrolling interests

3.5

3.6

Total equity

2,554.0

2,384.7

Total liabilities and equity

$ 4,119.3

$ 3,873.9

[1]	Net of accumulated impairment losses of $541.4 million ($451.3 million in the Advanced Material Windows & Door Systems segment and $90.1 million in the Security & Storage segment).
[2]	Common stock, par value $0.01 per share; 166.0 million shares and 164.6 million shares issued at September 30, 2013 and December 31, 2012, respectively.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	166.0	164.0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating activities
Net income	$ 166.3	$ 101.1
Non-cash pre-tax expense:
Depreciation	57.1	70.4
Amortization	9.1	8.6
Stock-based compensation	19.8	20.4
Recognition of actuarial losses	5.6	3.7
Asset impairment charges	27.4
Loss (gain) on sale of property, plant and equipment	0.8	(3.0)
Deferred income taxes	(0.9)	5.6
Changes in assets and liabilities:
Increase in accounts receivable	(97.4)	(58.8)
Increase in inventories	(79.9)	(53.6)
Increase (decrease) in accounts payable	40.8	(8.1)
Decrease in other assets	26.2	14.2
(Decrease) increase in accrued expenses and other liabilities	(19.9)	15.9
Increase in accrued taxes	11.2	3.0
Net cash provided by operating activities	166.2	119.4
Investing activities
Capital expenditures	(55.2)	(46.0)
Proceeds from the disposition of assets	2.1	12.6
Cost of acquisition, net of cash	(302.0)
Other investing activities	(0.2)	(5.0)
Net cash used in investing activities	(355.3)	(38.4)
Financing activities
Increase in short-term debt, net	0.9	1.5
Issuance of long-term debt	220.0	70.0
Repayment of long-term debt	(190.0)	(137.5)
Proceeds from the exercise of stock options	41.3	80.6
Payment to Beam Inc.		(6.0)
Treasury stock purchases	(43.1)	(2.2)
Tax benefit on exercise of stock options	16.5	5.9
Dividends to stockholders	(33.2)
Other financing	(2.6)	(1.1)
Net cash provided by financing activities	9.8	11.2
Effect of foreign exchange rate changes on cash	0.3	3.1
Net (decrease) increase in cash and cash equivalents	(179.0)	95.3
Cash and cash equivalents at beginning of period	336.0	120.8
Cash and cash equivalents at end of period	$ 157.0	$ 216.1

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions

Total

Common Stock

Paid-In Capital

Accumulated Other Comprehensive Income

Retained (Deficit) Earnings

Treasury Stock

Non- controlling Interests

Beginning Balance at Dec. 31, 2011

$ 2,124.5

$ 1.6

$ 2,186.4

$ 10.6

$ (77.7)

$ (0.1)

$ 3.7

Comprehensive income:

Net income

101.1

100.3

0.8

Other comprehensive income

13.7

Stock options exercised

80.6

Stock-based compensation

15.7

20.6

(4.9)

Tax benefit on exercise of stock options

7.1

Separation-related adjustments

(5.1)

Treasury stock purchase

(2.2)

Dividends paid to noncontrolling interests

(1.1)

Ending Balance at Sep. 30, 2012

2,334.3

1.6

2,289.6

24.3

22.6

(7.2)

3.4

Beginning Balance at Dec. 31, 2012

2,384.7

1.6

2,324.8

30.6

41.0

(16.9)

3.6

Comprehensive income:

Net income

166.3

165.5

0.8

Other comprehensive income

21.2

21.0

0.2

Stock options exercised

41.4

0.1

41.3

Stock-based compensation

13.9

20.1

(6.2)

Tax benefit on exercise of stock options

^[1]

20.1

Treasury stock purchase

(42.7)

Dividends ($0.30 per Common share)

(49.8)

Dividends paid to noncontrolling interests

(1.1)

Ending Balance at Sep. 30, 2013

$ 2,554.0

$ 1.7

$ 2,406.3

$ 51.6

$ 156.7

$ (65.8)

$ 3.5

[1]	Includes $4.1 million of adjustments related to prior years' vested and unvested Restricted Stock Units.

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2013 USD ($) $ / shares
Dividends per Common share \| $ / shares	$ 0.30
Adjustments related to prior years' vested and unvested Restricted Stock Units \| $	$ 4.1

Basis of Presentation and Principles of Consolidation

9 Months Ended

Sep. 30, 2013

Basis of Presentation and Principles of Consolidation

1.	Basis of Presentation and Principles of Consolidation

References to “Home & Security,” “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, security applications and storage.

The condensed consolidated balance sheet as of September 30, 2013, the related condensed consolidated statements of comprehensive income for the nine-month and three-month periods ended September 30, 2013 and 2012 and the related condensed consolidated statements of cash flows and equity for the nine-month periods ended September 30, 2013 and 2012 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 audited consolidated financial statements and notes. The year-end condensed consolidated balance sheet was derived from the audited consolidated 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, 2012.

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Recently Issued Accounting Standards

Recently Issued Accounting Standards

9 Months Ended

Sep. 30, 2013

2.	Recently Issued Accounting Standards

Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists

In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 provides explicit guidance on presentation in financial statements. The amendment is effective for reporting periods beginning after December 15, 2013 (calendar year 2014 for Home & Security). We believe that adoption of this standard will not have a material impact on our financial statements.

Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity

In March 2013, the FASB issued ASU 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” ASU 2013-05 clarifies the accounting for the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The ASU also clarifies the treatment of business combinations achieved in stages involving a foreign entity. The amendment is effective prospectively for reporting periods beginning after December 15, 2013 (calendar year 2014 for Home & Security). We believe that adoption of this standard will not have a material impact 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
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-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

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

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-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

Balance Sheet Information

Balance Sheet Information

9 Months Ended

Sep. 30, 2013

3.	Balance Sheet Information

Supplemental information on our balance sheets is as follows:


(In millions)	September 30, 2013		December 31, 2012
Inventories:
Raw materials and supplies	$	186.3	$	144.3
Work in process		47.6		38.6
Finished products		229.2		174.3

Total inventories	$	463.1	$	357.2

Property, plant and equipment, gross	$	1,528.7	$	1,491.2
Less: accumulated depreciation		1,015.2		981.8

Property, plant and equipment, net	$	513.5	$	509.4

Acquisitions

9 Months Ended

Sep. 30, 2013

Acquisitions

4.	Acquisitions

In June 2013, our Kitchen & Bath Cabinetry business acquired Woodcrafters Home Products Holding, LLC (“WoodCrafters”), a manufacturer of bathroom vanities and tops for a purchase price of approximately $302 million, subject to certain post-closing adjustments. We paid the purchase price using a combination of cash on hand and borrowings under our existing credit facilities. This acquisition greatly expands our offerings of bathroom cabinetry products. Net sales and operating income of WoodCrafters in the third quarter of 2013 were approximately $60 million and $5 million, respectively.

The following table summarizes the preliminary allocation of the purchase price to estimated fair values of assets acquired and liabilities assumed as of the date of the acquisition. This allocation is expected to change after asset and liability valuations are finalized.


(In millions)
Accounts receivable	$	41.4
Inventories		26.3
Property, plant and equipment		29.5
Goodwill		141.5
Identifiable intangible assets		89.4
Other assets		8.9

Total assets		337.0
Other current liabilities and accruals		35.0

Net assets acquired	$	302.0

As of the acquisition date, all of the acquired goodwill was tax deductible. Identifiable intangible assets primarily consisted of customer relationships ($75.9 million) and technology ($9.6 million). The useful lives of these identifiable intangible assets were 18 years and 10 years, respectively.

The following unaudited pro forma summary presents consolidated financial information as if WoodCrafters had been acquired on January 1, 2012. The unaudited pro forma financial information is based on historical results of operations and financial position of the Company and WoodCrafters. The pro forma results include adjustments for the impact of a preliminary allocation of the purchase price and interest expense associated with debt that would have been incurred in connection with the acquisition. The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2012. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.


(In millions)	Nine Months Ended September 30,				Three Months Ended September 30,
(In millions)	2013		2012		2013		2012
Net sales	$	3,162.9	$	2,773.6	$	1,125.1	$	956.2
Net income attributable to Home & Security		175.1		105.2		64.2		44.7
Basic earnings per common share	$	1.06	$	0.66	$	0.39	$	0.28
Diluted earnings per common share	$	1.02	$	0.64	$	0.37	$	0.27

In December 2012, our Security & Storage business acquired a company for approximately $20 million in cash. Purchase price adjustments and the allocation of the purchase price were finalized in the first quarter of 2013. Our December 31, 2012 balance sheet was retrospectively adjusted to reflect the purchase price adjustments in accordance with Accounting Standards Codification (“ASC”) requirements for Business Combinations, in particular a reduction in goodwill of $5.6 million and an increase in definite-lived intangible assets of $5.9 million. The acquisition was not material for the purposes of supplemental disclosure and does 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).

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Goodwill and Other Identifiable Intangible Assets

Goodwill and Other Identifiable Intangible Assets

9 Months Ended

Sep. 30, 2013

5.	Goodwill and Other Identifiable Intangible Assets

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


(In millions)	Kitchen & Bath Cabinetry			Plumbing & Accessories		Advanced Material Windows & Door Systems		Security & Storage			Total Goodwill
Goodwill at December 31, 2012 ^(a)	$	491.8		$	569.7	$	229.1	$	90.8		$	1,381.4
WoodCrafters acquisition		141.5			—		—		—			141.5
Year-to-date translation adjustments		(1.2	)		—		—		(0.6	)		(1.8	)

Goodwill at September 30, 2013 ^(a)	$	632.1		$	569.7	$	229.1	$	90.2		$	1,521.1

^(a)

Net of accumulated impairment losses of $541.4 million ($451.3 million in the Advanced Material Windows & Door Systems segment and $90.1 million in the Security & Storage segment).

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 and tradename performance with respect to consumer name recognition, geographic market presence, market share, plans for ongoing tradename support and promotion and other relevant factors. The gross carrying value increase of $88.7 million was principally due to the identifiable intangible assets associated with the acquisition of WoodCrafters.

The gross carrying value and accumulated amortization by class of intangible assets as of September 30, 2013 and December 31, 2012 were as follows:


	As of September 30, 2013							As of December 31, 2012
	Gross					Net		Gross					Net
	Carrying		Accumulated			Book		Carrying		Accumulated			Book
(In millions)	Amounts		Amortization			Value		Amounts		Amortization			Value
Indefinite-lived tradenames	$	600.4	$	(42.0	)^(a)	$	558.4	$	603.4	$	(42.0	)^(a)	$	561.4
Amortizable intangible assets
Tradenames		20.0		(7.4	)		12.6		17.8		(6.9	)		10.9
Customer and contractual relationships		350.1		(180.6	)		169.5		274.2		(174.4	)		99.8
Patents/proprietary technology		63.2		(43.0	)		20.2		52.6		(41.1	)		11.5

Total		433.3		(231.0	)		202.3		344.6		(222.4	)		122.2

Total identifiable intangibles	$	1,033.7	$	(273.0	)	$	760.7	$	948.0	$	(264.4	)	$	683.6

^(a)

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

Asset Impairment Charges

9 Months Ended

Sep. 30, 2013

Asset Impairment Charges

6.	Asset Impairment Charges

At the end of the third quarter, our Kitchen and Bath Cabinetry segment completed an evaluation of its information technology strategy. The evaluation considered opportunities arising from the improving U.S. home market conditions. As a result of this evaluation, the segment abandoned certain software developed for internal use in order to redirect financial resources toward developing more flexible systems that provide industry leading content for consumers and more advanced tools for designers to deliver a superior purchasing experience for our customers. The abandonment of this internal use software resulted in a pre-tax impairment charge of $21.2 million, which was recorded in operating income and reduced property, plant and equipment.

In the first nine months of 2013, no events or circumstances occurred that would have required us to perform interim impairment tests of goodwill or indefinite-lived intangible assets. Any future reduction in the estimated fair value of the indefinite-lived tradenames that were impaired in the fourth quarter of 2012 would result in an impairment charge. The Company cannot predict the occurrence of certain events that might adversely affect the carrying value of goodwill and other intangible assets. Such events may include, but are not limited to, the impact of the economic environment, a material negative change in relationships with significant customers, and strategic decisions made in response to economic and competitive conditions. While our cash flow projections used to assess impairment of our goodwill and other intangible assets are influenced by a number of variables, they are most significantly influenced by our projection for the recovery of the U.S. home products markets in the next 3 to 5 years. We evaluate our projection of the U.S. home products market periodically and in connection with our annual operating plans finalized in the fourth quarter of each year. The U.S. home products market is highly dependent on U.S. new home construction. Our projection for the U.S. home products markets is inherently subject to a number of uncertain factors, such as employment, home prices, credit availability, and the rate of home foreclosures. Significant changes in these and other factors could cause us to change our cash flow projections in future periods which could trigger impairment of goodwill or indefinite-lived intangible assets in the period in which such changes occur.

External Debt and Financing Arrangements

9 Months Ended

Sep. 30, 2013

7.	External Debt and Financing Arrangements

We have a $650 million committed revolving credit facility, as well as a $350 million term loan. In July 2013, these facilities were renewed under essentially the same terms and conditions, extending the maturity date from October 2016 to July 2018. The outstanding borrowings under the term loan were $350.0 million and $320.0 million as of September 30, 2013 and December 31, 2012, respectively. In connection with the modification of the term loan, we recorded a $0.3 million write-off of unamortized deferred loan costs in interest expense. There were no outstanding balances under the revolving credit facility as of September 30, 2013 and December 31, 2012. The interest rates under 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 (as defined in the agreements governing the facilities). Based upon the Company’s debt to Adjusted EBITDA ratio, the Company’s borrowing rate could range from LIBOR + 1.0% to LIBOR + 2.0%. As of September 30, 2013, we were in compliance with all covenants under these facilities.

At September 30, 2013 and December 31, 2012, there were $5.6 million and $5.5 million of external short-term borrowings outstanding, respectively, comprised of notes payable to banks that are used for general corporate purposes. These amounts pertained to uncommitted bank lines of credit in China and India, which provide for unsecured borrowings for working capital of up to $22.7 million in aggregate, as of both September 30, 2013 and December 31, 2012. The weighted-average interest rates on these borrowings were 12.4% and 12.3% in the nine-month periods ended September 30, 2013 and 2012, respectively. The weighted-average interest rates on these borrowings were 12.5% in the three-month periods ended September 30, 2013 and 2012.

Financial Instruments

9 Months Ended

Sep. 30, 2013

Financial Instruments

8.	Financial Instruments

We do not enter into derivative 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.

Our primary foreign currency hedge contracts pertain to the Canadian dollar, the Chinese yuan, the Mexican peso and the Euro. The gross U.S. dollar equivalent notional amount of all of our foreign currency derivative hedges outstanding at September 30, 2013 was $167.1 million, representing a net receivable of $1.7 million. Based on foreign exchange rates as of September 30, 2013, we estimate that $1.3 million of pre-tax foreign currency derivative net gains included in other comprehensive income as of September 30, 2013 will be reclassified to earnings within the next twelve months.

The fair values of derivative instruments on the consolidated balance sheets as of September 30, 2013 and December 31, 2012 were:


		Fair Value
(In millions)		September 30, 2013		December 31, 2012
Assets
Foreign exchange contracts	Other current assets	$	1.9	$	1.0
Commodity contracts	Other current assets		—		0.2

	Total assets	$	1.9	$	1.2
Liabilities
Foreign exchange contracts	Other current liabilities	$	0.2	$	0.8
Commodity contracts	Other current liabilities		0.1		0.1
Net investment hedges	Other current liabilities		0.4		—

	Total liabilities	$	0.7	$	0.9

The effects of derivative financial instruments on the statements of comprehensive income for the nine and three months ended September 30, 2013 and 2012 were:


(In millions)	Gain (Loss) Recognized in Income in Nine Months Ended September 30,
Type of hedge	Location	2013		2012
Cash flow	Net sales	$	—	$	0.1
	Cost of products sold		2.3		0.5
Fair value	Other income (expense), net		1.3		(0.5	)

Total		$	3.6	$	0.1

(In millions)	Gain (Loss) Recognized in Income in Three Months Ended September 30,
Type of hedge	Location	2013		2012
Cash flow	Cost of products sold	$	0.9	$	0.2
Fair value	Other income (expense), net		1.3		(1.1	)

Total		$	2.2	$	(0.9	)

In the nine months ended September 30, 2013 and 2012, for cash flow hedges that are effective, the amounts recognized in other comprehensive income were $3.3 million and $(1.3) million, respectively. In the three months ended September 30, 2013 and 2012, for cash flow hedges that are effective, the amounts recognized in other comprehensive income were $1.0 million and $(1.4) million, respectively. In the nine and three months ended September 30, 2013 and 2012, the ineffective portion of cash flow hedges recognized in other expense (income), 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.

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Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements

9.	Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 were as follows:


	Fair Value
(In millions)	September 30, 2013		December 31, 2012
Assets
Derivative financial instruments (level 2)	$	1.9	$	1.2
Deferred compensation program assets (level 1)		3.3		3.6

Total assets	$	5.2	$	4.8
Liabilities
Derivative financial instruments (level 2)	$	0.7	$	0.9

The principal derivative financial instruments we enter into on a routine basis are foreign exchange contracts. Derivative financial instruments are recorded at fair value.

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 of the Company’s long-term debt as of September 30, 2013 and December 31, 2012 of $350.0 million and $320.0 million, respectively, approximated its fair value. The fair value of the Company’s long-term debt was determined primarily by using broker quotes, which are Level 2 inputs.

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.

Information on Business Segments

Defined Benefit Plans

9 Months Ended

Sep. 30, 2013

Defined Benefit Plans

10.

Defined Benefit Plans

The components of net periodic benefit cost for pension and postretirement benefits for the nine and three months ended September 30, 2013 and 2012 were as follows:


	Nine Months Ended September 30,
	Pension Benefits						Postretirement Benefits
(In millions)	2013			2012			2013			2012
Service cost	$	8.6		$	9.1		$	0.3		$	0.3
Interest cost		22.5			23.0			1.3			3.1
Expected return on plan assets		(31.3	)		(27.7	)		—			—
Amortization of prior service costs (credits)		0.1			0.3			(21.5	)		0.3
Recognition of actuarial losses		0.8			1.9			4.8			1.8
Curtailment and settlement losses		0.1			—			0.1			—

Net periodic benefit cost	$	0.8		$	6.6		$	(15.0	)	$	5.5

	Three Months Ended September 30,
	Pension Benefits						Postretirement Benefits
(In millions)	2013			2012			2013			2012
Service cost	$	2.3		$	1.6		$	0.1		$	0.1
Interest cost		7.5			7.7			0.3			1.0
Expected return on plan assets		(10.5	)		(9.2	)		—			—
Amortization of prior service costs (credits)		—			0.1			(5.7	)		0.1
Recognition of actuarial losses (gains)		0.7			1.9			(0.5	)		1.8
Curtailment and settlement losses		0.1			—			0.1			—

Net periodic benefit cost	$	0.1		$	2.1		$	(5.7	)	$	3.0

In the fourth quarter of 2012 and first half of 2013, we amended certain postretirement benefit plans to reduce health benefits for certain current and retired employees. The impact of these changes was a reduction in accrued retiree benefit plans of $29.8 million in the fourth quarter of 2012 and $34.8 million in the first nine months of 2013, and we recognized actuarial losses of $4.8 million in the first nine months of 2013 due to a decrease in the discount rate and a resulting lower threshold for loss recognition because of the reduced postretirement obligation. Liability reductions from these plan amendments are recorded as amortization of prior service credits in net income in accordance with accounting requirements. In addition, in the first quarter of 2013, we communicated to certain employees our decision to freeze an hourly pension plan by December 31, 2016. As a result, we remeasured our pension liability, updating our pension measurement assumptions, and recorded a $20.0 million reduction in the liability. The curtailment charge associated with this pension freeze was insignificant. See Note 17, “Accumulated Other Comprehensive Income,” for information on the impact on accumulated other comprehensive income. Due to higher interest rates and higher than expected returns on pension plan assets through September 30, 2013, we do not expect to make pension contributions in 2013.

Income Taxes

9 Months Ended

Sep. 30, 2013

Income Taxes

11.

Income Taxes

The effective income tax rates for the nine months ended September 30, 2013 and 2012 were 33.7% and 31.8%, respectively. The effective income tax rate in 2013 was unfavorably impacted by an investment impairment charge for which we could not record an income tax benefit and favorably impacted by the tax benefits associated with the extension of the research and development credit under The American Taxpayer Relief Act of 2012, including the full-year credit attributable to 2012. The effective income tax rate in 2012 was favorably impacted by a discrete foreign income tax benefit and a decrease in the valuation allowance related to certain restructuring actions.

The effective income tax rates for the three months ended September 30, 2013 and 2012 were 33.4% and 32.3%, respectively. The effective income tax rate in 2012 was favorably impacted by a decrease in the valuation allowance related to certain restructuring actions.

It is reasonably possible that, within the next 12 months, total unrecognized tax benefits may decrease in the range of $2.5 million to $3.5 million, primarily as a result of the conclusion of pending U.S. federal, state and foreign income tax proceedings.

On September 13, 2013, the Treasury Department and Internal Revenue Service issued the final tangible property repair regulations that are effective for years beginning on or after January 1, 2014. While we are still analyzing the final impact of these regulations on our 2013 financial statements, we do not expect the impact to be significant.

Product Warranties

9 Months Ended

Sep. 30, 2013

Product Warranties

12.

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 nine months ended September 30, 2013 and 2012, respectively.


	Nine Months Ended September 30,
(In millions)	2013			2012
Reserve balance at January 1,	$	14.3		$	13.9
Provision for warranties issued		14.9			12.7
Settlements made (in cash or in kind)		(14.4	)		(12.7	)

Reserve balance at September 30,	$	14.8		$	13.9

Information on Business Segments

9 Months Ended

Sep. 30, 2013

13.

Information on Business Segments

Net sales and operating income for the nine months ended September 30, 2013 and 2012 by segment were as follows:


	Nine Months Ended September 30,
(In millions)	2013			2012			% Change vs. Prior Year
Net Sales
Kitchen & Bath Cabinetry	$	1,186.3		$	987.1			20.2	%
Plumbing & Accessories		969.6			804.2			20.6
Advanced Material Windows & Door Systems		481.7			431.4			11.7
Security & Storage		417.9			420.5			(0.6	)

Net sales	$	3,055.5		$	2,643.2			15.6	%

Operating Income
Kitchen & Bath Cabinetry	$	63.8		$	14.1			—	%
Plumbing & Accessories		176.2			127.5			38.2
Advanced Material Windows & Door Systems		9.8			4.4			—
Security & Storage		68.1			54.2			25.6
Less: Corporate expenses		(56.2	)		(46.0	)		(22.2	)

Operating income	$	261.7		$	154.2			69.7	%

Corporate expenses
General and administrative expense	$	(58.2	)	$	(44.9	)
Defined benefit plan costs		2.0			(1.1	)

Total Corporate expenses	$	(56.2	)	$	(46.0	)		(22.2	)%

Net sales and operating income for the three months ended September 30, 2013 and 2012 by segment were as follows:


	Three Months Ended September 30,
(In millions)	2013			2012			% Change vs. Prior Year
Net Sales
Kitchen & Bath Cabinetry	$	448.6		$	329.7			36.1	%
Plumbing & Accessories		338.1			278.2			21.5
Advanced Material Windows & Door Systems		181.0			158.4			14.3
Security & Storage		157.4			142.8			10.2

Net sales	$	1,125.1		$	909.1			23.8	%

Operating Income
Kitchen & Bath Cabinetry	$	14.1		$	1.5			—	%
Plumbing & Accessories		65.9			48.5			35.9
Advanced Material Windows & Door Systems		8.5			9.2			(7.6	)
Security & Storage		29.5			20.8			41.8
Less: Corporate expenses		(19.4	)		(19.4	)		—

Operating income	$	98.6		$	60.6			62.7	%

Corporate expenses
General and administrative expense	$	(21.9	)	$	(16.2	)
Defined benefit plan costs		2.5			(3.2	)

Total Corporate expenses	$	(19.4	)	$	(19.4	)		—	%

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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Other Expense (Income), Net

Other Expense (Income), Net

9 Months Ended

Sep. 30, 2013

14.

Other Expense (Income), Net

The components of other expense (income), net, were as follows:


	Nine Months Ended September 30,						Three Months Ended September 30,
(In millions)	2013			2012			2013			2012
Asset impairment charge	$	6.2		$	—		$	—		$	—
Other		(0.8	)		(0.6	)		(0.5	)		(0.8	)

Total other expense (income), net	$	5.4		$	(0.6	)	$	(0.5	)	$	(0.8	)

In the second quarter of 2013, we recorded a $6.2 million impairment charge pertaining to a cost method investment due to an other-than-temporary decline in the fair value of the investment. As a result of the impairment, the carrying value of the investment was reduced to zero and the Company is not subject to further impairment or funding obligations with regard to this investment.

Restructuring and Other Charges

9 Months Ended

Sep. 30, 2013

Restructuring and Other Charges

15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the nine and three months ended September 30, 2013 and 2012 are shown below.


	Nine Months Ended September 30, 2013
(In millions)	Restructuring Charges		Other Charges^(a)		Total Charges
Kitchen & Bath Cabinetry	$	1.9	$	0.1	$	2.0
Advanced Material Windows & Door Systems		0.8		—		0.8

Total	$	2.7	$	0.1	$	2.8


	Nine Months Ended September 30, 2012
(In millions)	Restructuring Charges			Other Charges^(a)			Total Charges
Kitchen & Bath Cabinetry	$	3.6		$	10.0		$	13.6
Advanced Material Windows & Door Systems		1.0			(3.5	)		(2.5	)
Security & Storage		(0.5	)		—			(0.5	)

Total	$	4.1		$	6.5		$	10.6


	Three Months Ended September 30, 2013
(In millions)	Restructuring Charges		Other Charges^(a)		Total Charges
Kitchen & Bath Cabinetry	$	1.4	$	0.1	$	1.5
Advanced Material Windows & Door Systems		0.1		—		0.1

Total	$	1.5	$	0.1	$	1.6


	Three Months Ended September 30, 2012
(In millions)	Restructuring Charges		Other Charges^(a)			Total Charges
Kitchen & Bath Cabinetry	$	2.6	$	9.0		$	11.6
Advanced Material Windows & Door Systems		0.5		(3.5	)		(3.0	)

Total	$	3.1	$	5.5		$	8.6

^(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.

In the third quarter of 2012, we initiated a restructuring action in the Kitchen & Bath Cabinetry segment to close our Martinsville, Virginia cabinet manufacturing facility to further enhance the efficiency and flexibility of our supply chains. As a result, we recorded restructuring and other charges of $12.1 million.

The Company’s restructuring liability was not material as of September 30, 2013 and December 31, 2012.

Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share

16.

Earnings Per Share

The computations of earnings per common share were as follows:


	Nine Months Ended September 30,				Three Months Ended September 30,
(In millions, except per share data)	2013		2012		2013		2012
Net income attributable to Home & Security	$	165.5	$	100.3	$	64.2	$	40.0

Basic earnings per common share	$	1.00	$	0.63	$	0.39	$	0.25
Diluted earnings per common share	$	0.97	$	0.61	$	0.37	$	0.24

Basic average shares outstanding		165.2		159.8		166.0		161.2
Stock-based awards		5.9		5.3		5.6		5.8

Diluted average shares outstanding		171.1		165.1		171.6		167.0
Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share		0.8		0.8		0.7		0.4

Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income

17.

Accumulated Other Comprehensive Income

Total accumulated other comprehensive income 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 income, net of tax, were as follows:


(In millions)	Foreign Currency Adjustments			Derivative Hedging Gains			Defined Benefit Plan Adjustments			Accumulated Other Comprehensive Income
Balance at December 31, 2012	$	63.5		$	0.2		$	(33.1	)	$	30.6
Amounts classified into accumulated other comprehensive income		(3.9	)		2.0			33.7	^(a)		31.8
Amounts reclassified from accumulated other comprehensive income		—			(1.4	)		(9.4	)		(10.8	)

Net current period other comprehensive income		(3.9	)		0.6			24.3			21.0

Balance at September 30, 2013	$	59.6		$	0.8		$	(8.8	)	$	51.6

^(a)

See Note 10, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.

The reclassifications out of accumulated other comprehensive income for the nine and three months ended September 30, 2013 were as follows:


(In millions)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Statement of Comprehensive Income
	Nine Months Ended September 30, 2013			Three Months Ended September 30, 2013
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	2.6		$	1.1		Cost of products sold
Commodity contract		(0.3	)		(0.2	)	Cost of products sold

		2.3			0.9		Total before tax
		(0.9	)		(0.5	)	Tax expense

	$	1.4		$	0.4		Net of tax
Defined benefit plan items
Amortization of prior service cost	$	21.4		$	5.7		^(a)
Recognition of actuarial losses		(5.6	)		(0.2	)	^(a)
Curtailment and settlement losses		(0.2	)		(0.2	)	^(a)

		15.6			5.3		Total before tax
		(6.2	)		(2.2	)	Tax expense

	$	9.4		$	3.1		Net of tax

Total reclassifications for the period	$	10.8		$	3.5		Net of tax

^(a)

These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. Refer to Note 10, “Defined Benefit Plans,” for additional information.

Contingencies

9 Months Ended

Sep. 30, 2013

Contingencies

18.

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 Home & Security during the nine months ended September 30, 2013 and 2012. 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. 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
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
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-Section 50
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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12053-110248

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
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-Section 50
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14615-108349

Supplemental Information on Balance Sheets

Balance Sheet Information (Tables)

9 Months Ended

Sep. 30, 2013

Supplemental information on our balance sheets is as follows:


(In millions)	September 30, 2013		December 31, 2012
Inventories:
Raw materials and supplies	$	186.3	$	144.3
Work in process		47.6		38.6
Finished products		229.2		174.3

Total inventories	$	463.1	$	357.2

Property, plant and equipment, gross	$	1,528.7	$	1,491.2
Less: accumulated depreciation		1,015.2		981.8

Property, plant and equipment, net	$	513.5	$	509.4

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

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


(In millions)
Accounts receivable	$	41.4
Inventories		26.3
Property, plant and equipment		29.5
Goodwill		141.5
Identifiable intangible assets		89.4
Other assets		8.9

Total assets		337.0
Other current liabilities and accruals		35.0

Net assets acquired	$	302.0

Proforma Consolidated Financial Information


(In millions)	Nine Months Ended September 30,				Three Months Ended September 30,
(In millions)	2013		2012		2013		2012
Net sales	$	3,162.9	$	2,773.6	$	1,125.1	$	956.2
Net income attributable to Home & Security		175.1		105.2		64.2		44.7
Basic earnings per common share	$	1.06	$	0.66	$	0.39	$	0.28
Diluted earnings per common share	$	1.02	$	0.64	$	0.37	$	0.27

Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

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)	Kitchen & Bath Cabinetry			Plumbing & Accessories		Advanced Material Windows & Door Systems		Security & Storage			Total Goodwill
Goodwill at December 31, 2012 ^(a)	$	491.8		$	569.7	$	229.1	$	90.8		$	1,381.4
WoodCrafters acquisition		141.5			—		—		—			141.5
Year-to-date translation adjustments		(1.2	)		—		—		(0.6	)		(1.8	)

Goodwill at September 30, 2013 ^(a)	$	632.1		$	569.7	$	229.1	$	90.2		$	1,521.1

^(a)

Net of accumulated impairment losses of $541.4 million ($451.3 million in the Advanced Material Windows & Door Systems segment and $90.1 million in the Security & Storage segment).

Gross Carrying Value and Accumulated Amortization by Class of Intangible Assets

The gross carrying value and accumulated amortization by class of intangible assets as of September 30, 2013 and December 31, 2012 were as follows:


	As of September 30, 2013							As of December 31, 2012
	Gross					Net		Gross					Net
	Carrying		Accumulated			Book		Carrying		Accumulated			Book
(In millions)	Amounts		Amortization			Value		Amounts		Amortization			Value
Indefinite-lived tradenames	$	600.4	$	(42.0	)^(a)	$	558.4	$	603.4	$	(42.0	)^(a)	$	561.4
Amortizable intangible assets
Tradenames		20.0		(7.4	)		12.6		17.8		(6.9	)		10.9
Customer and contractual relationships		350.1		(180.6	)		169.5		274.2		(174.4	)		99.8
Patents/proprietary technology		63.2		(43.0	)		20.2		52.6		(41.1	)		11.5

Total		433.3		(231.0	)		202.3		344.6		(222.4	)		122.2

Total identifiable intangibles	$	1,033.7	$	(273.0	)	$	760.7	$	948.0	$	(264.4	)	$	683.6

^(a)

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

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of September 30, 2013 and December 31, 2012 were:


		Fair Value
(In millions)		September 30, 2013		December 31, 2012
Assets
Foreign exchange contracts	Other current assets	$	1.9	$	1.0
Commodity contracts	Other current assets		—		0.2

	Total assets	$	1.9	$	1.2
Liabilities
Foreign exchange contracts	Other current liabilities	$	0.2	$	0.8
Commodity contracts	Other current liabilities		0.1		0.1
Net investment hedges	Other current liabilities		0.4		—

	Total liabilities	$	0.7	$	0.9

Effects of Derivative Financial Instruments on Statements of Comprehensive Income

The effects of derivative financial instruments on the statements of comprehensive income for the nine and three months ended September 30, 2013 and 2012 were:


(In millions)	Gain (Loss) Recognized in Income in Nine Months Ended September 30,
Type of hedge	Location	2013		2012
Cash flow	Net sales	$	—	$	0.1
	Cost of products sold		2.3		0.5
Fair value	Other income (expense), net		1.3		(0.5	)

Total		$	3.6	$	0.1

(In millions)	Gain (Loss) Recognized in Income in Three Months Ended September 30,
Type of hedge	Location	2013		2012
Cash flow	Cost of products sold	$	0.9	$	0.2
Fair value	Other income (expense), net		1.3		(1.1	)

Total		$	2.2	$	(0.9	)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 were as follows:


	Fair Value
(In millions)	September 30, 2013		December 31, 2012
Assets
Derivative financial instruments (level 2)	$	1.9	$	1.2
Deferred compensation program assets (level 1)		3.3		3.6

Total assets	$	5.2	$	4.8
Liabilities
Derivative financial instruments (level 2)	$	0.7	$	0.9

Defined Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2013

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 nine and three months ended September 30, 2013 and 2012 were as follows:


	Nine Months Ended September 30,
	Pension Benefits						Postretirement Benefits
(In millions)	2013			2012			2013			2012
Service cost	$	8.6		$	9.1		$	0.3		$	0.3
Interest cost		22.5			23.0			1.3			3.1
Expected return on plan assets		(31.3	)		(27.7	)		—			—
Amortization of prior service costs (credits)		0.1			0.3			(21.5	)		0.3
Recognition of actuarial losses		0.8			1.9			4.8			1.8
Curtailment and settlement losses		0.1			—			0.1			—

Net periodic benefit cost	$	0.8		$	6.6		$	(15.0	)	$	5.5

	Three Months Ended September 30,
	Pension Benefits						Postretirement Benefits
(In millions)	2013			2012			2013			2012
Service cost	$	2.3		$	1.6		$	0.1		$	0.1
Interest cost		7.5			7.7			0.3			1.0
Expected return on plan assets		(10.5	)		(9.2	)		—			—
Amortization of prior service costs (credits)		—			0.1			(5.7	)		0.1
Recognition of actuarial losses (gains)		0.7			1.9			(0.5	)		1.8
Curtailment and settlement losses		0.1			—			0.1			—

Net periodic benefit cost	$	0.1		$	2.1		$	(5.7	)	$	3.0

Product Warranties (Tables)

9 Months Ended

Sep. 30, 2013

The following table summarizes activity related to our product warranty liability for the nine months ended September 30, 2013 and 2012, respectively.


	Nine Months Ended September 30,
(In millions)	2013			2012
Reserve balance at January 1,	$	14.3		$	13.9
Provision for warranties issued		14.9			12.7
Settlements made (in cash or in kind)		(14.4	)		(12.7	)

Reserve balance at September 30,	$	14.8		$	13.9

Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 2013

Net Sales and Operating Income by Segment

Net sales and operating income for the nine months ended September 30, 2013 and 2012 by segment were as follows:


	Nine Months Ended September 30,
(In millions)	2013			2012			% Change vs. Prior Year
Net Sales
Kitchen & Bath Cabinetry	$	1,186.3		$	987.1			20.2	%
Plumbing & Accessories		969.6			804.2			20.6
Advanced Material Windows & Door Systems		481.7			431.4			11.7
Security & Storage		417.9			420.5			(0.6	)

Net sales	$	3,055.5		$	2,643.2			15.6	%

Operating Income
Kitchen & Bath Cabinetry	$	63.8		$	14.1			—	%
Plumbing & Accessories		176.2			127.5			38.2
Advanced Material Windows & Door Systems		9.8			4.4			—
Security & Storage		68.1			54.2			25.6
Less: Corporate expenses		(56.2	)		(46.0	)		(22.2	)

Operating income	$	261.7		$	154.2			69.7	%

Corporate expenses
General and administrative expense	$	(58.2	)	$	(44.9	)
Defined benefit plan costs		2.0			(1.1	)

Total Corporate expenses	$	(56.2	)	$	(46.0	)		(22.2	)%

Net sales and operating income for the three months ended September 30, 2013 and 2012 by segment were as follows:


	Three Months Ended September 30,
(In millions)	2013			2012			% Change vs. Prior Year
Net Sales
Kitchen & Bath Cabinetry	$	448.6		$	329.7			36.1	%
Plumbing & Accessories		338.1			278.2			21.5
Advanced Material Windows & Door Systems		181.0			158.4			14.3
Security & Storage		157.4			142.8			10.2

Net sales	$	1,125.1		$	909.1			23.8	%

Operating Income
Kitchen & Bath Cabinetry	$	14.1		$	1.5			—	%
Plumbing & Accessories		65.9			48.5			35.9
Advanced Material Windows & Door Systems		8.5			9.2			(7.6	)
Security & Storage		29.5			20.8			41.8
Less: Corporate expenses		(19.4	)		(19.4	)		—

Operating income	$	98.6		$	60.6			62.7	%

Corporate expenses
General and administrative expense	$	(21.9	)	$	(16.2	)
Defined benefit plan costs		2.5			(3.2	)

Total Corporate expenses	$	(19.4	)	$	(19.4	)		—	%

Other Expense (Income), Net (Tables)

9 Months Ended

Sep. 30, 2013

Components of Other Expense Income Net

The components of other expense (income), net, were as follows:


	Nine Months Ended September 30,						Three Months Ended September 30,
(In millions)	2013			2012			2013			2012
Asset impairment charge	$	6.2		$	—		$	—		$	—
Other		(0.8	)		(0.6	)		(0.5	)		(0.8	)

Total other expense (income), net	$	5.4		$	(0.6	)	$	(0.5	)	$	(0.8	)

Restructuring and Other Charges (Tables)

9 Months Ended

Sep. 30, 2013

Pre-tax restructuring and Other Charges

Pre-tax restructuring and other charges for the nine and three months ended September 30, 2013 and 2012 are shown below.


	Nine Months Ended September 30, 2013
(In millions)	Restructuring Charges		Other Charges^(a)		Total Charges
Kitchen & Bath Cabinetry	$	1.9	$	0.1	$	2.0
Advanced Material Windows & Door Systems		0.8		—		0.8

Total	$	2.7	$	0.1	$	2.8


	Nine Months Ended September 30, 2012
(In millions)	Restructuring Charges			Other Charges^(a)			Total Charges
Kitchen & Bath Cabinetry	$	3.6		$	10.0		$	13.6
Advanced Material Windows & Door Systems		1.0			(3.5	)		(2.5	)
Security & Storage		(0.5	)		—			(0.5	)

Total	$	4.1		$	6.5		$	10.6


	Three Months Ended September 30, 2013
(In millions)	Restructuring Charges		Other Charges^(a)		Total Charges
Kitchen & Bath Cabinetry	$	1.4	$	0.1	$	1.5
Advanced Material Windows & Door Systems		0.1		—		0.1

Total	$	1.5	$	0.1	$	1.6


	Three Months Ended September 30, 2012
(In millions)	Restructuring Charges		Other Charges^(a)			Total Charges
Kitchen & Bath Cabinetry	$	2.6	$	9.0		$	11.6
Advanced Material Windows & Door Systems		0.5		(3.5	)		(3.0	)

Total	$	3.1	$	5.5		$	8.6

^(a)

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Computations of Earnings Loss per Common Share

The computations of earnings per common share were as follows:


	Nine Months Ended September 30,				Three Months Ended September 30,
(In millions, except per share data)	2013		2012		2013		2012
Net income attributable to Home & Security	$	165.5	$	100.3	$	64.2	$	40.0

Basic earnings per common share	$	1.00	$	0.63	$	0.39	$	0.25
Diluted earnings per common share	$	0.97	$	0.61	$	0.37	$	0.24

Basic average shares outstanding		165.2		159.8		166.0		161.2
Stock-based awards		5.9		5.3		5.6		5.8

Diluted average shares outstanding		171.1		165.1		171.6		167.0
Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share		0.8		0.8		0.7		0.4

Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2013

Components of and Changes in Accumulated Other Comprehensive Income

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


(In millions)	Foreign Currency Adjustments			Derivative Hedging Gains			Defined Benefit Plan Adjustments			Accumulated Other Comprehensive Income
Balance at December 31, 2012	$	63.5		$	0.2		$	(33.1	)	$	30.6
Amounts classified into accumulated other comprehensive income		(3.9	)		2.0			33.7	^(a)		31.8
Amounts reclassified from accumulated other comprehensive income		—			(1.4	)		(9.4	)		(10.8	)

Net current period other comprehensive income		(3.9	)		0.6			24.3			21.0

Balance at September 30, 2013	$	59.6		$	0.8		$	(8.8	)	$	51.6

^(a)

See Note 10, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.

Reclassifications Out of Accumulated Other Comprehensive Income

The reclassifications out of accumulated other comprehensive income for the nine and three months ended September 30, 2013 were as follows:


(In millions)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Statement of Comprehensive Income
	Nine Months Ended September 30, 2013			Three Months Ended September 30, 2013
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	2.6		$	1.1		Cost of products sold
Commodity contract		(0.3	)		(0.2	)	Cost of products sold

		2.3			0.9		Total before tax
		(0.9	)		(0.5	)	Tax expense

	$	1.4		$	0.4		Net of tax
Defined benefit plan items
Amortization of prior service cost	$	21.4		$	5.7		^(a)
Recognition of actuarial losses		(5.6	)		(0.2	)	^(a)
Curtailment and settlement losses		(0.2	)		(0.2	)	^(a)

		15.6			5.3		Total before tax
		(6.2	)		(2.2	)	Tax expense

	$	9.4		$	3.1		Net of tax

Total reclassifications for the period	$	10.8		$	3.5		Net of tax

^(a)

These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. Refer to Note 10, “Defined Benefit Plans,” for additional information.

Supplemental Information on Balance Sheets (Detail) - USD ($) $ in Millions	Sep. 30, 2013	Dec. 31, 2012
Inventories:
Raw materials and supplies	$ 186.3	$ 144.3
Work in process	47.6	38.6
Finished products	229.2	174.3
Total inventories	463.1	357.2
Property, plant and equipment, gross	1,528.7	1,491.2
Less: accumulated depreciation	1,015.2	981.8
Property, plant and equipment, net	$ 513.5	$ 509.4

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended		3 Months Ended			9 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition [Line Items]
Net Sales			$ 1,125.1		$ 909.1	$ 3,055.5	$ 2,643.2
Operating income			$ 98.6		$ 60.6	$ 261.7	$ 154.2
Security & Storage
Business Acquisition [Line Items]
Business acquisition, cash paid		$ 20.0
Purchase price adjustment, reduction in goodwill				$ (5.6)
Increase in definite-lived intangible assets				$ 5.9
WoodCrafters Home Products, LLC
Business Acquisition [Line Items]
Business acquisition purchase price	$ 302.0
Net Sales	60.0
Operating income	5.0
WoodCrafters Home Products, LLC \| Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets	$ 75.9
Amortizable identifiable intangible assets, estimated useful life	18 years
WoodCrafters Home Products, LLC \| Technology
Business Acquisition [Line Items]
Identifiable intangible assets	$ 9.6
Amortizable identifiable intangible assets, estimated useful life	10 years

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

Sep. 30, 2013

^[1]

Jun. 30, 2013

Dec. 31, 2012

Business Acquisition [Line Items]

WoodCrafters Home Products, LLC

$ 1,521.1

$ 1,381.4

Business Acquisition [Line Items]

Accounts receivable

$ 41.4

Inventories

26.3

Property, plant and equipment

29.5

Identifiable intangible assets

141.5

89.4

Other assets

8.9

Total assets

337.0

Other current liabilities and accruals

35.0

Net assets acquired

$ 302.0

[1]	Net of accumulated impairment losses of $541.4 million ($451.3 million in the Advanced Material Windows & Door Systems segment and $90.1 million in the Security & Storage segment).

Proforma Consolidated Financial Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition [Line Items]
Net sales	$ 1,125.1	$ 956.2	$ 3,162.9	$ 2,773.6
Net income attributable to Home & Security	$ 64.2	$ 44.7	$ 175.1	$ 105.2
Basic earnings per common share	$ 0.39	$ 0.28	$ 1.06	$ 0.66
Diluted earnings per common share	$ 0.37	$ 0.27	$ 1.02	$ 0.64

Change in Net Carrying Amount of Goodwill by Segment (Detail) - USD ($)
$ in Millions

9 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Year-to-date translation adjustments

^[1]

$ 1,381.4

WoodCrafters acquisition

141.5

(1.8)

1,521.1

^[1]

$ 1,381.4

Kitchen & Bath Cabinetry

Year-to-date translation adjustments

^[1]

491.8

WoodCrafters acquisition

141.5

(1.2)

^[1]

632.1

Plumbing & Accessories

^[1]

569.7

Advanced Material Windows & Door Systems

^[1]

569.7

^[1]

229.1

^[1]

229.1

Security & Storage

Year-to-date translation adjustments

^[1]

90.8

(0.6)

^[1]

$ 90.2

[1]	Net of accumulated impairment losses of $541.4 million ($451.3 million in the Advanced Material Windows & Door Systems segment and $90.1 million in the Security & Storage segment).

Change in Net Carrying Amount of Goodwill by Segment (Parenthetical) (Detail) $ in Millions	Sep. 30, 2013 USD ($)
Goodwill [Line Items]
Accumulated impairment losses	$ 541.4
Advanced Material Windows & Door Systems
Goodwill [Line Items]
Accumulated impairment losses	451.3
Security & Storage
Goodwill [Line Items]
Accumulated impairment losses	$ 90.1

Goodwill and Other Identifiable Intangible Assets - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2013 USD ($)
Indefinite-lived Intangible Assets [Line Items]
Amortizable identifiable intangible assets acquired	$ 88.7
Tradenames And Customer Relationship \| Minimum
Indefinite-lived Intangible Assets [Line Items]
Amortizable identifiable intangible assets, estimated useful life	5 years
Tradenames And Customer Relationship \| Maximum
Indefinite-lived Intangible Assets [Line Items]
Amortizable identifiable intangible assets, estimated useful life	30 years

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

Sep. 30, 2013

Dec. 31, 2012

$ 1,033.7

$ 948.0

(273.0)

(264.4)

Indefinite Lived Trade Names

760.7

683.6

600.4

603.4

^[1]

(42.0)

Amortizable intangible assets

558.4

561.4

433.3

344.6

(231.0)

(222.4)

Amortizable intangible assets | Tradenames

202.3

122.2

20.0

17.8

(7.4)

(6.9)

Amortizable intangible assets | Customer and contractual relationships

12.6

10.9

350.1

274.2

(180.6)

(174.4)

Amortizable intangible assets | Patents/proprietary technology

169.5

99.8

63.2

52.6

(43.0)

(41.1)

$ 20.2

$ 11.5

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

Asset Impairment Charges - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2013
Asset Impairment Charges [Line Items]
Asset impairment charge	$ 21.2	$ 6.2	$ 21.2
Minimum
Asset Impairment Charges [Line Items]
Market recovery projection period			3 years
Maximum
Asset Impairment Charges [Line Items]
Market recovery projection period			5 years

External Debt and Financing Arrangements - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 650.0		$ 650.0
Term loan	$ 350.0		$ 350.0
Revolving credit facility, expiration date	2018-07		2018-07
Term loan, expiration date	2018-07		2018-07
Term loan, outstanding borrowings	$ 350.0		$ 350.0		$ 320.0
Write-off of unamortized deferred loan costs			0.3
Notes payable to banks	5.6		5.6		5.5
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital	$ 22.7		$ 22.7		$ 22.7
Weighted-average interest rates on borrowings	12.50%	12.50%	12.40%	12.30%
LIBOR \| Minimum
Debt Instrument [Line Items]
Interest rate over LIBOR			1.00%
LIBOR \| Maximum
Debt Instrument [Line Items]
Interest rate over LIBOR			2.00%

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative [Line Items]
Notional amount of foreign currency derivative hedges	$ 167.1	$ 167.1		$ 167.1
Net settlement receivable	1.7
Estimated amount of net foreign currency derivative losses in other comprehensive income reclassified to earnings	$ 1.3	1.3		1.3
Cash flow
Derivative [Line Items]
Gain (Loss) Recognized in OCI		$ 1.0	$ (1.4)	$ 3.3	$ (1.3)

Fair Values of Derivative Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 1.9	$ 1.2
Derivative liabilities, fair value	0.7	0.9
Foreign exchange contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	1.9	1.0
Foreign exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	0.2	0.8
Commodity contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value		0.2
Commodity contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	0.1	$ 0.1
Net investment hedges \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 0.4

Effects of Derivative Financial Instruments on Statements of Comprehensive Income and Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Gain Recognized in Income	$ 2.2	$ (0.9)	$ 3.6	$ 0.1
Cash flow \| Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain Recognized in Income				0.1
Cash flow \| Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain Recognized in Income	0.9	0.2	2.3	0.5
Fair Value \| Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain Recognized in Income	$ 1.3	$ (1.1)	$ 1.3	$ (0.5)

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Sep. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets	$ 5.2	$ 4.8
Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative financial instruments	1.9	1.2
Derivative financial instruments	0.7	0.9
Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Deferred compensation program assets	$ 3.3	$ 3.6

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, carrying value	$ 350.0	$ 320.0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net of current portion	$ 350.0	$ 320.0

Components of Net Periodic Benefit Cost for Pension and Postretirement Benefits (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Recognition of actuarial losses (gains)			$ 5.6	$ 3.7
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2.3	$ 1.6	8.6	9.1
Interest cost	7.5	7.7	22.5	23.0
Expected return on plan assets	(10.5)	(9.2)	(31.3)	(27.7)
Amortization of prior service costs (credits)		0.1	0.1	0.3
Recognition of actuarial losses (gains)	0.7	1.9	0.8	1.9
Curtailment and settlement losses	0.1		0.1
Net periodic benefit cost	0.1	2.1	0.8	6.6
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0.1	0.3	0.3
Interest cost	0.3	1.0	1.3	3.1
Amortization of prior service costs (credits)	(5.7)	0.1	(21.5)	0.3
Recognition of actuarial losses (gains)	(0.5)	1.8	4.8	1.8
Curtailment and settlement losses	0.1		0.1
Net periodic benefit cost	$ (5.7)	$ 3.0	$ (15.0)	$ 5.5

Defined Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Reduction in accrued retiree benefit plans			$ (29.8)		$ (34.8)
Recognition of actuarial losses					(5.6)	$ (3.7)
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Recognition of actuarial losses	$ 0.5			$ (1.8)	(4.8)	(1.8)
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Recognition of actuarial losses	$ (0.7)			$ (1.9)	$ (0.8)	$ (1.9)
Defined benefit plans, reduction in liability		$ (20.0)

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Line Items]
Effective income tax rate	33.40%	32.30%	33.70%	31.80%
Reasonably possible decrease in unrecognized tax benefits, minimum	$ 2.5		$ 2.5
Reasonably possible decrease in unrecognized tax benefits, maximum	$ 3.5		$ 3.5

Activity Related to Product Warranty Liability (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Product Warranty Liability [Line Items]
Reserve balance at January 1,	$ 14.3	$ 13.9
Provision for warranties issued	14.9	12.7
Settlements made (in cash or in kind)	(14.4)	(12.7)
Reserve balance at September 30,	$ 14.8	$ 13.9

Net Sales and Operating Income by Segment (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	$ 1,125.1	$ 909.1	$ 3,055.5	$ 2,643.2
Operating income (Loss)	$ 98.6	60.6	$ 261.7	154.2
Net Sales, Percentage Change vs. Prior Year	23.80%		15.60%
Operating Income (Loss), Percentage Change vs. Prior Year	62.70%		69.70%
Corporate
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income (Loss)	$ (19.4)	(19.4)	$ (56.2)	(46.0)
Corporate expenses	(19.4)	(19.4)	$ (56.2)	(46.0)
Operating Income (Loss), Percentage Change vs. Prior Year			(22.20%)
Corporate expenses, Percentage Change vs. Prior Year			(22.20%)
Corporate \| General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Corporate expenses	(21.9)	(16.2)	$ (58.2)	(44.9)
Corporate \| Defined benefit plan costs
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Corporate expenses	2.5	(3.2)	2.0	(1.1)
Kitchen and Bath Cabinetry \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	448.6	329.7	1,186.3	987.1
Operating income (Loss)	$ 14.1	1.5	$ 63.8	14.1
Net Sales, Percentage Change vs. Prior Year	36.10%		20.20%
Plumbing and Accessories \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	$ 338.1	278.2	$ 969.6	804.2
Operating income (Loss)	$ 65.9	48.5	$ 176.2	127.5
Net Sales, Percentage Change vs. Prior Year	21.50%		20.60%
Operating Income (Loss), Percentage Change vs. Prior Year	35.90%		38.20%
Advanced Material Windows and Door Systems \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	$ 181.0	158.4	$ 481.7	431.4
Operating income (Loss)	$ 8.5	9.2	$ 9.8	4.4
Net Sales, Percentage Change vs. Prior Year	14.30%		11.70%
Operating Income (Loss), Percentage Change vs. Prior Year	(7.60%)
Security and Storage \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	$ 157.4	142.8	$ 417.9	420.5
Operating income (Loss)	$ 29.5	$ 20.8	$ 68.1	$ 54.2
Net Sales, Percentage Change vs. Prior Year	10.20%		(0.60%)
Operating Income (Loss), Percentage Change vs. Prior Year	41.80%		25.60%

Components of Other Expense Net (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Component Of Other Expense Income Nonoperating [Line Items]
Asset impairment charge			$ 6.2
Other	$ (0.5)	$ (0.8)	(0.8)	$ (0.6)
Total other expense (income), net	$ (0.5)	$ (0.8)	$ 5.4	$ (0.6)

Other Expense, Net - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2013
Components of Other Income (Expense) [Line Items]
Impairment charge	$ 21,200,000	$ 6,200,000	$ 21,200,000
Carrying value of the investment		$ 0

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

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

$ 1.5

$ 3.1

$ 2.7

$ 4.1

Cost of Products Sold

^[1]

0.1

5.5

0.1

6.5

1.6

8.6

2.8

10.6

Kitchen & Bath Cabinetry

1.4

2.6

1.9

3.6

Cost of Products Sold

^[1]

0.1

9.0

0.1

10.0

Advanced Material Windows & Door Systems

1.5

11.6

2.0

13.6

0.1

0.5

0.8

1.0

Cost of Products Sold

^[1]

(3.5)

$ 0.1

$ (3.0)

$ 0.8

(2.5)

Security & Storage

(0.5)

$ (0.5)

[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.

Restructuring and Other Charges - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2012 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	$ 12.1

Computations of Earnings Loss Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income attributable to Home & Security	$ 64.2	$ 40.0	$ 165.5	$ 100.3
Basic earnings per common share	$ 0.39	$ 0.25	$ 1.00	$ 0.63
Diluted earnings per common share	$ 0.37	$ 0.24	$ 0.97	$ 0.61
Basic average shares outstanding	166.0	161.2	165.2	159.8
Stock-based awards	5.6	5.8	5.9	5.3
Diluted average shares outstanding	171.6	167.0	171.1	165.1
Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share	0.7	0.4	0.8	0.8

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

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

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Amounts classified into accumulated other comprehensive income

$ 30.6

31.8

Amounts reclassified from accumulated other comprehensive income

(10.8)

21.2

$ 13.7

Foreign Currency Adjustments

51.6

Amounts classified into accumulated other comprehensive income

63.5

(3.9)

(3.9)

59.6

Derivative Hedging Gain

Amounts classified into accumulated other comprehensive income

0.2

2.0

Amounts reclassified from accumulated other comprehensive income

(1.4)

0.6

Defined Benefit Plan Adjustments

0.8

Amounts classified into accumulated other comprehensive income

(33.1)

^[1]

33.7

Amounts reclassified from accumulated other comprehensive income

(9.4)

24.3

$ (8.8)

[1]	See Note 10, "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.

Accumulated Other Comprehensive Income (Loss) [Line Items]

Reclassification Amounts out of Accumulated Other Comprehensive Income (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Cost of products sold

$ (740.2)

$ (606.8)

$ (1,993.4)

$ (1,776.7)

Income before income taxes

97.0

59.4

250.8

148.2

Tax (expense) benefit

(32.4)

(19.2)

(84.5)

(47.1)

Reclassification out of Accumulated Other Comprehensive Income

64.6

$ 40.2

166.3

$ 101.1

Accumulated Other Comprehensive Income (Loss) [Line Items]

Derivative Hedging Gain | Reclassification out of Accumulated Other Comprehensive Income

3.5

10.8

Accumulated Other Comprehensive Income (Loss) [Line Items]

Income before income taxes

0.9

2.3

Tax (expense) benefit

(0.5)

(0.9)

Derivative Hedging Gain | Foreign exchange contracts | Reclassification out of Accumulated Other Comprehensive Income

0.4

1.4

Accumulated Other Comprehensive Income (Loss) [Line Items]

Cost of products sold

1.1

2.6

Derivative Hedging Gain | Commodity contracts | Reclassification out of Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss) [Line Items]

Cost of products sold

(0.2)

(0.3)

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

Accumulated Other Comprehensive Income (Loss) [Line Items]

Amortization of prior service cost

^[1]

5.7

21.4

Recognition of actuarial losses

^[1]

(0.2)

(5.6)

Curtailment and settlement losses

^[1]

(0.2)

Income before income taxes

5.3

15.6

Tax (expense) benefit

(2.2)

(6.2)