XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

AUGUST 2023 CYBERATTACK | 9 Months Ended
--- | ---
Mar. 31, 2025
Unusual or Infrequent Items, or Both [Abstract] |
AUGUST 2023 CYBERATTACK | AUGUST 2023 CYBERATTACK On Monday, August 14, 2023, the Company identified unauthorized activity on some of its Information Technology (IT) systems and immediately began taking steps to stop and remediate the activity. The Company took certain systems offline, engaged third-party cybersecurity experts and implemented its business continuity plans. However, the incident resulted in wide-scale disruptions to the Company’s business operations. The impacts of these system disruptions resulted in a negative impact on net sales and earnings. The Company experienced lessening operational impacts in the second quarter of fiscal year 2024 and has since returned to normalized operations. The Company recorded insurance recoveries of $35 and $70 in the three and nine months ended March 31, 2025, respectively, and incurred incrementa l expenses of approximately $8 and $57 in the three and nine months ended March 31, 2024, respectively, as a result of the cyberattack. The following table summarizes the recognition of (insurance recoveries) and costs in the condensed consolidated statements of earnings and comprehensive income:
| Three months ended |  |  |  |  |  |  | Nine months ended
| 3/31/2025 |  | 3/31/2024 |  |  |  |  |  |  | 3/31/2025 |  | 3/31/2024
Costs of products sold | $ | (2) |  |  | $ | 1 |  |  |  |  |  |  |  | $ | (5) |  |  | $ | 21 |
Selling and administrative expenses | — |  |  | 7 |  |  |  |  |  |  |  | — |  |  | 36 |
Other (income) expense, net | (33) |  |  | — |  |  |  |  |  |  |  | (65) |  |  | — |
Total | $ | (35) |  |  | $ | 8 |  |  |  |  |  |  |  | $ | (70) |  |  | $ | 57 |
The costs incurred related primarily to third-party consulting services, including IT recovery and forensic experts and other professional services incurred to investigate and remediate the attack, as well as incremental operating costs incurred from the resulting disruption to the Company’s business operations. The Company does not expect to incur significant costs related to the cyberattack in future periods. No additional insurance recoveries related to the cyberattack are anticipated. Insurance recoveries are classified consistent with the expenses to which they relate. Business interruption and other insurance recoveries that do not correspond directly to previously incurred expenses are recognized in Other (income) expense, net.

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

X
- Definition The entire disclosure for an event or transaction that is unusual in nature or infrequent in occurrence, or both. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220-20/tableOfContent + Details
Name: | us-gaap_UnusualOrInfrequentItemsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration