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Restructuring Charges | 12 Months Ended
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Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring Charges As of September 30, 2024, we recorded restructuring charges of $97.4 million ($73.1 million, net of tax or $0.64 per diluted share) related to actions in conjunction with an enterprise-wide comprehensive program to optimize cost structure and expand margins. The charges include $92.3 million for severance benefits and $5.1 million for strategic advisory services related to the targeted severance actions. In the Consolidated Statement of Operations for the year ended September 30, 2024, $31.5 million of the charges were recorded in Cost of sales, while $65.9 million was recorded in Selling, general and administrative expenses. We expect the total cash expenditures associated with these restructuring actions to be $97.4 million of which we paid $27.7 million for the year ended September 30, 2024. The following is a reconciliation of the accrued liabilities related to these restructuring actions at September 30, 2024 (in millions):
|  | Severance Benefits |  | Strategic Advisory Services |  | Total
Balance at September 30, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring charges |  | 92.3 |  |  | 5.1 |  |  | 97.4 |
Payments |  | (22.6) |  |  | (5.1) |  |  | (27.7) |
Balance at September 30, 2024 |  | $ | 69.7 |  |  | $ | — |  |  | $ | 69.7 |

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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