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Restructuring

12 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring

RESTRUCTURING

In November 2023, the Company finalized its plan to close its Post Consumer Brands cereal manufacturing facility in Lancaster, Ohio (the “Lancaster Facility”). The transfer of production capabilities to other Company locations and closure of the Lancaster Facility are expected to be completed in the first quarter of fiscal 2025.

Restructuring charges and the associated liabilities for employee-related expenses related to the closure of the Lancaster Facility are shown in the following table.

Balance, September 30, 2023			$	—
Charge to expense			7.4
Cash payments			(0.2)
Non-cash charges			—
Balance, September 30, 2024			$	7.2
Total expected restructuring charges			$	7.5
Cumulative restructuring charges incurred to date			7.4
Remaining expected restructuring charge			$	0.1

Restructuring charges of $7.4 were included in “Selling, general and administrative expenses” in the Consolidated Statements of Operations during the year ended September 30, 2024. No restructuring charges were incurred during the years ended September 30, 2023 or 2022.

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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
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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