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BUSINESS SEGMENT INFORMATION (Tables) | 11 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Revenue from External Customers by Geographic Areas | The following table presents reportable segment information for the year ended September 30, 2025 (11-month):
| Year Ended September 30, 2025 (11-month)
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Integrated Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 496.3 |  |  | $ | 251.8 |  |  | $ | 1,051.9 |  |  | $ | 225.9 |  |  | $ | 2,025.9 |
Europe, Middle East and Africa | 467.4 |  |  | 798.8 |  |  | 0.9 |  |  | 42.6 |  |  | 1,309.7 |
Asia Pacific and Other Americas | 205.9 |  |  | 317.6 |  |  | 44.1 |  |  | 29.9 |  |  | 597.5 |
Net sales | 1,169.6 |  |  | 1,368.2 |  |  | 1,096.9 |  |  | 298.4 |  |  | 3,933.1 |
Costs of products sold | 915.9 |  |  | 1,085.7 |  |  | 846.9 |  |  | 213.1 |  |  | 3,061.6 |
Selling, general and administrative expenses | 207.2 |  |  | 167.3 |  |  | 154.0 |  |  | 73.4 |  |  | 601.9 |
Acquisition and integration related costs | 7.1 |  |  | — |  |  | — |  |  | — |  |  | 7.1 |
Restructuring and other charges | 9.6 |  |  | 12.5 |  |  | 36.4 |  |  | 4.1 |  |  | 62.6 |
Non-cash asset impairment charges | 3.1 |  |  | 2.3 |  |  | 31.8 |  |  | 0.7 |  |  | 37.9 |
(Gain) loss on disposal of properties, plants and equipment, net | (0.2) |  |  | (7.6) |  |  | 0.3 |  |  | — |  |  | (7.5) |
Loss on disposal of businesses, net | — |  |  | — |  |  | 0.5 |  |  | 1.4 |  |  | 1.9 |
Operating profit | 26.9 |  |  | 108.0 |  |  | 27.0 |  |  | 5.7 |  |  | 167.6 |
* The United States is the only country material to present individually. All other countries have been aggregated into regions.
The following table presents reportable segment information for the year ended October 31, 2024:
| Year Ended October 31, 2024
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Integrated Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 508.8 |  |  | $ | 314.7 |  |  | $ | 1,188.4 |  |  | $ | 300.6 |  |  | $ | 2,312.5 |
Europe, Middle East and Africa | 438.2 |  |  | 905.1 |  |  | 0.7 |  |  | 44.0 |  |  | 1,388.0 |
Asia Pacific and Other Americas | 188.1 |  |  | 382.3 |  |  | 53.2 |  |  | 30.8 |  |  | 654.4 |
Net sales | 1,135.1 |  |  | 1,602.1 |  |  | 1,242.3 |  |  | 375.4 |  |  | 4,354.9 |
Costs of products sold | 912.4 |  |  | 1,282.9 |  |  | 994.3 |  |  | 266.2 |  |  | 3,455.8 |
Selling, general and administrative expenses | 164.0 |  |  | 183.7 |  |  | 161.7 |  |  | 80.5 |  |  | 589.9 |
Acquisition and integration related costs | 17.2 |  |  | — |  |  | 1.3 |  |  | — |  |  | 18.5 |
Restructuring and other charges | 2.3 |  |  | 3.0 |  |  | (0.8) |  |  | 0.9 |  |  | 5.4 |
Non-cash asset impairment charges | 0.3 |  |  | 0.4 |  |  | 1.7 |  |  | 0.2 |  |  | 2.6 |
Gain on disposal of properties, plants and equipment, net | (0.2) |  |  | (2.8) |  |  | (3.4) |  |  | (2.7) |  |  | (9.1) |
Gain on disposal of businesses, net | — |  |  | — |  |  | — |  |  | (46.0) |  |  | (46.0) |
Operating profit | 39.1 |  |  | 134.9 |  |  | 87.5 |  |  | 76.3 |  |  | 337.8 |
* The United States is the only country material to present individually. All other countries have been aggregated into regions.
The following table presents reportable segment information for the year ended October 31, 2023:
| Year Ended October 31, 2023
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Integrated Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 442.3 |  |  | $ | 336.4 |  |  | $ | 1,254.4 |  |  | $ | 255.9 |  |  | $ | 2,289.0 |
Europe, Middle East and Africa | 380.1 |  |  | 893.4 |  |  | 0.6 |  |  | 36.8 |  |  | 1,310.9 |
Asia Pacific and Other Americas | 94.7 |  |  | 401.9 |  |  | 52.9 |  |  | 25.9 |  |  | 575.4 |
Net sales | 917.1 |  |  | 1,631.7 |  |  | 1,307.9 |  |  | 318.6 |  |  | 4,175.3 |
Costs of products sold | 706.3 |  |  | 1,323.1 |  |  | 988.4 |  |  | 228.9 |  |  | 3,246.7 |
Selling, general and administrative expenses | 110.8 |  |  | 166.5 |  |  | 167.5 |  |  | 65.5 |  |  | 510.3 |
Acquisition and integration related costs | 10.8 |  |  | — |  |  | 8.2 |  |  | — |  |  | 19.0 |
Restructuring and other charges | 2.1 |  |  | 1.7 |  |  | 12.5 |  |  | 2.4 |  |  | 18.7 |
Non-cash asset impairment charges | 0.1 |  |  | 1.8 |  |  | 17.7 |  |  | 0.7 |  |  | 20.3 |
Loss (gain) on disposal of properties, plants and equipment, net | 0.2 |  |  | (4.5) |  |  | 2.1 |  |  | (0.3) |  |  | (2.5) |
Gain on disposal of businesses, net | (9.4) |  |  | — |  |  | (54.6) |  |  | — |  |  | (64.0) |
Operating profit | 96.2 |  |  | 143.1 |  |  | 166.1 |  |  | 21.4 |  |  | 426.8 |
* The United States is the only country material to present individually. All other countries have been aggregated into regions.
Schedule of Segment Information | The following table presents additional reportable segment information:
| 11 Months |  | 12 Months |  | 12 Months
| September 30, |  | October 31, |  | October 31,
Year Ended (in millions) | 2025 |  | 2024 |  | 2023
Depreciation, depletion and amortization expense: |  |  |  |  |
Customized Polymer Solutions | $ | 86.3 |  |  | $ | 79.3 |  |  | $ | 47.4 |
Durable Metal Solutions | 25.6 |  |  | 29.1 |  |  | 28.7 |
Sustainable Fiber Solutions | 91.8 |  |  | 106.6 |  |  | 109.4 |
Integrated Solutions | 9.0 |  |  | 12.7 |  |  | 12.5 |
Total depreciation, depletion and amortization expense | $ | 212.7 |  |  | $ | 227.7 |  |  | $ | 198.0 |
Capital expenditures: |  |  |  |  |
Customized Polymer Solutions | $ | 37.3 |  |  | $ | 46.1 |  |  | $ | 37.7 |
Durable Metal Solutions | 19.2 |  |  | 25.7 |  |  | 32.1 |
Sustainable Fiber Solutions | 44.4 |  |  | 44.8 |  |  | 70.2 |
Integrated Solutions | 5.2 |  |  | 5.9 |  |  | 12.1 |
Total segment | 106.1 |  |  | 122.5 |  |  | 152.1 |
Corporate and other | 1.4 |  |  | 1.8 |  |  | 18.0 |
Total capital expenditures | $ | 107.5 |  |  | $ | 124.3 |  |  | $ | 170.1 |
Schedule of Properties, Plants and Equipment, Net by Geographical Area | The following table presents total assets by reportable segment and total long lived assets, net by geographic area:
(in millions) | September 30, 2025 |  | October 31, 2024
Assets: |  |  |
Customized Polymer Solutions | $ | 1,872.9 |  |  | $ | 1,818.7 |
Durable Metal Solutions | 1,184.3 |  |  | 1,183.8 |
Sustainable Fiber Solutions | 1,848.1 |  |  | 2,788.8 |
Integrated Solutions | 403.2 |  |  | 403.1 |
Total segment | 5,308.5 |  |  | 6,194.4 |
Corporate and other* | 458.3 |  |  | 453.2 |
Total assets | $ | 5,766.8 |  |  | $ | 6,647.6 |
*Corporate and other assets held at corporate level or used by corporate functions that are not directly attributable to reportable segments. |  |  |
Property, plant and equipment, net and lease right-of-use assets: |  |  |
United States* | $ | 814.7 |  |  | $ | 1,119.9 |
Europe, Middle East and Africa | 392.2 |  |  | 373.7 |
Asia Pacific and other Americas | 148.9 |  |  | 146.0 |
Total properties, plants and equipment, net | $ | 1,355.8 |  |  | $ | 1,639.6 |
*The United States is the only country material to present individually. All other countries have been aggregated into regions. |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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