XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.25.1

Restructuring and Related Costs | 6 Months Ended
--- | ---
Mar. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | RESTRUCTURING AND RELATED COSTS To better align its resources with its growth strategies and reduce the cost structure of its global operations in certain underlying markets, the Company commits to restructuring plans as necessary. Restructuring activities generally result in charges for workforce reductions, plant closures, asset impairments and other related costs which are reported as restructuring and impairment costs in the Company’s consolidated statements of income. The Company expects the restructuring actions to reduce cost of sales and SG&A due to reduced employee-related costs, depreciation and amortization expense. During the fourth quarter of fiscal 2024, the Company completed its previous restructuring plan and committed to a new multi-year restructuring plan to address stranded costs and further right-size its global operations as a result of previously announced portfolio simplification actions. It is expected that one-time restructuring costs, including severance and other employee termination benefits, contract termination costs, and certain other related cash and non-cash charges, of approximately $400 million will be incurred over the course of fiscal 2025, 2026 and 2027. Restructuring costs will be incurred across all segments and Corporate functions. The following table summarizes restructuring and related costs (in millions):
| Three Months Ended March 31, 2025 |  | Six Months Ended March 31, 2025 |  |
Building Solutions North America | $ | 4 |  |  | $ | 10 |  |  |
Building Solutions EMEA/LA | 7 |  |  | 18 |  |  |
Building Solutions Asia Pacific | 2 |  |  | 4 |  |  |
Global Products | 4 |  |  | 13 |  |  |
Corporate | 23 |  |  | 28 |  |  |
Total | $ | 40 |  |  | $ | 73 |  |  |
The following table summarizes changes in the reserve under the Company's restructuring plan announced in the fourth quarter of fiscal 2024, which is included within other current liabilities in the consolidated statements of financial position (in millions):
| Employee Severance and Termination Benefits |  | Long-Lived Asset Impairments |  | Other |  |  |  |  |  | Total
Restructuring and related costs | $ | 44 |  |  | $ | 11 |  |  | $ | 18 |  |  |  |  |  |  | $ | 73 |
Utilized—cash | (24) |  |  | — |  |  | (12) |  |  |  |  |  |  | (36) |
Utilized—noncash | — |  |  | (11) |  |  | — |  |  |  |  |  |  | (11) |
Other | — |  |  | — |  |  | 2 |  |  |  |  |  |  | 2 |
Balance at March 31, 2025 | $ | 20 |  |  | $ | — |  |  | $ | 8 |  |  |  |  |  |  | $ | 28 |
The following table summarizes changes in the previous restructuring plan reserve, which is included within other current liabilities in the consolidated statements of financial position (in millions):
| Employee Severance and Termination Benefits |  |  |  | Other |  |  |  | Total
Balance at September 30, 2024 | $ | 58 |  |  |  |  | $ | 17 |  |  |  |  | $ | 75 |
Utilized—cash | (40) |  |  |  |  | — |  |  |  |  | (40) |
Other | — |  |  |  |  | 1 |  |  |  |  | 1 |
Balance at March 31, 2025 | $ | 18 |  |  |  |  | $ | 18 |  |  |  |  | $ | 36 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration