This part of the Hierarchy panel contains two rollouts. The Locks rollout has controls to restrict the movement of objects in a particular axis. The Inherit rollout has controls to limit the transforms that a child inherits from its parent object.
The Locks rollout locks an object’s ability to transform along particular local axes.
The Inherit rollout limits which transforms a child inherits. It constrains the links between a selected object and its parent for any axis of position, rotation, or scale.
Hierarchy panel 