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v3.26.1

BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Schedule of Revenue from External Customers by Geographic Areas | The following table presents reportable segment information for the three and six months ended March 31, 2026:
| Three Months Ended March 31, 2026
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Innovative Closure Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 145.7 |  |  | $ | 67.8 |  |  | $ | 311.0 |  |  | $ | 6.5 |  |  | $ | 531.0 |
Europe, Middle East and Africa | 147.5 |  |  | 223.4 |  |  | 0.2 |  |  | 11.9 |  |  | 383.0 |
Asia Pacific and Other Americas | 51.6 |  |  | 89.2 |  |  | 10.6 |  |  | 7.4 |  |  | 158.8 |
Net sales | 344.8 |  |  | 380.4 |  |  | 321.8 |  |  | 25.8 |  |  | 1,072.8 |
Raw material costs | 153.0 |  |  | 211.2 |  |  | 179.0 |  |  | 9.8 |  |  | 553.0 |
Manufacturing costs | 117.7 |  |  | 79.9 |  |  | 71.5 |  |  | 3.7 |  |  | 272.8 |
Costs of products sold | 270.7 |  |  | 291.1 |  |  | 250.5 |  |  | 13.5 |  |  | 825.8 |
Selling, general and administrative expenses | 66.6 |  |  | 48.1 |  |  | 69.6 |  |  | 7.4 |  |  | 191.7 |
Acquisition and integration related costs | 0.7 |  |  | — |  |  | — |  |  | 0.7 |  |  | 1.4 |
Restructuring and other charges | 3.9 |  |  | 4.6 |  |  | 7.1 |  |  | 0.1 |  |  | 15.7 |
Non-cash asset impairment charges | — |  |  | — |  |  | 4.5 |  |  | — |  |  | 4.5 |
Loss (gain) on disposal of properties, plants and equipment, net | 0.4 |  |  | (2.4) |  |  | 0.3 |  |  | — |  |  | (1.7) |
Operating profit (loss) | $ | 2.5 |  |  | $ | 39.0 |  |  | $ | (10.2) |  |  | $ | 4.1 |  |  | $ | 35.4 |
| Six Months Ended March 31, 2026
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Innovative Closure Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 270.4 |  |  | $ | 130.3 |  |  | $ | 611.4 |  |  | $ | 12.7 |  |  | $ | 1,024.8 |
Europe, Middle East and Africa | 275.2 |  |  | 432.8 |  |  | 0.5 |  |  | 21.5 |  |  | 730.0 |
Asia Pacific and Other Americas | 104.3 |  |  | 172.1 |  |  | 21.8 |  |  | 14.6 |  |  | 312.8 |
Net sales | 649.9 |  |  | 735.2 |  |  | 633.7 |  |  | 48.8 |  |  | 2,067.6 |
Raw material costs | 288.8 |  |  | 411.2 |  |  | 357.3 |  |  | 11.0 |  |  | 1,068.3 |
Manufacturing costs | 229.2 |  |  | 164.0 |  |  | 139.9 |  |  | 16.6 |  |  | 549.7 |
Costs of products sold | 518.0 |  |  | 575.2 |  |  | 497.2 |  |  | 27.6 |  |  | 1,618.0 |
Selling, general and administrative expenses | 118.4 |  |  | 82.2 |  |  | 123.7 |  |  | 13.5 |  |  | 337.8 |
Acquisition and integration related costs | 1.4 |  |  | — |  |  | — |  |  | 0.7 |  |  | 2.1 |
Restructuring and other charges | 6.2 |  |  | 8.4 |  |  | 15.1 |  |  | 0.2 |  |  | 29.9 |
Non-cash asset impairment charges | — |  |  | — |  |  | 4.7 |  |  | — |  |  | 4.7 |
Loss (gain) on disposal of properties, plants and equipment, net | 0.4 |  |  | (2.5) |  |  | (215.3) |  |  | — |  |  | (217.4) |
Loss on disposal of businesses, net | 0.5 |  |  | — |  |  | — |  |  | — |  |  | 0.5 |
Operating profit | $ | 5.0 |  |  | $ | 71.9 |  |  | $ | 208.3 |  |  | $ | 6.8 |  |  | $ | 292.0 |
* 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 three and six months ended March 31, 2025:
| Three Months Ended March 31, 2025
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Innovative Closure Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 142.6 |  |  | $ | 72.8 |  |  | $ | 349.5 |  |  | $ | 6.4 |  |  | $ | 571.3 |
Europe, Middle East and Africa | 131.2 |  |  | 215.4 |  |  | 0.2 |  |  | 10.0 |  |  | 356.8 |
Asia Pacific and Other Americas | 48.7 |  |  | 84.7 |  |  | 11.0 |  |  | 5.9 |  |  | 150.3 |
Net sales | 322.5 |  |  | 372.9 |  |  | 360.7 |  |  | 22.3 |  |  | 1,078.4 |
Raw material costs | 155.0 |  |  | 236.3 |  |  | 208.6 |  |  | 9.8 |  |  | 609.7 |
Manufacturing costs | 90.7 |  |  | 52.8 |  |  | 74.0 |  |  | 2.7 |  |  | 220.2 |
Costs of products sold | 245.7 |  |  | 289.1 |  |  | 282.6 |  |  | 12.5 |  |  | 829.9 |
Selling, general and administrative expenses | 56.3 |  |  | 40.8 |  |  | 57.6 |  |  | 5.2 |  |  | 159.9 |
Acquisition and integration related costs | 1.3 |  |  | — |  |  | — |  |  | — |  |  | 1.3 |
Restructuring and other charges | 0.6 |  |  | 0.7 |  |  | 7.6 |  |  | 0.2 |  |  | 9.1 |
Non-cash asset impairment charges | 0.7 |  |  | 2.1 |  |  | 14.0 |  |  | 0.4 |  |  | 17.2 |
Loss (gain) on disposal of properties, plants and equipment, net | 0.1 |  |  | (1.1) |  |  | 1.1 |  |  | — |  |  | 0.1 |
Loss on disposal of businesses, net | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Operating profit (loss) | $ | 17.8 |  |  | $ | 41.1 |  |  | $ | (2.2) |  |  | $ | 4.0 |  |  | $ | 60.7 |
| Six Months Ended March 31, 2025
(in millions) | Customized Polymer Solutions |  | Durable Metal Solutions |  | Sustainable Fiber Solutions |  | Innovative Closure Solutions |  | Consolidated
Net sales by geographic area: |  |  |  |  |  |  |  |  |
United States* | $ | 264.7 |  |  | $ | 136.8 |  |  | $ | 681.0 |  |  | $ | 12.6 |  |  | $ | 1,095.1 |
Europe, Middle East and Africa | 247.2 |  |  | 418.0 |  |  | 0.4 |  |  | 20.4 |  |  | 686.0 |
Asia Pacific and Other Americas | 105.0 |  |  | 174.0 |  |  | 23.3 |  |  | 11.7 |  |  | 314.0 |
Net sales | 616.9 |  |  | 728.8 |  |  | 704.7 |  |  | 44.7 |  |  | 2,095.1 |
Raw material costs | 305.6 |  |  | 472.9 |  |  | 394.0 |  |  | 19.8 |  |  | 1,192.3 |
Manufacturing costs | 175.9 |  |  | 103.1 |  |  | 168.3 |  |  | 7.6 |  |  | 454.9 |
Costs of products sold | 481.5 |  |  | 576.0 |  |  | 562.3 |  |  | 27.4 |  |  | 1,647.2 |
Selling, general and administrative expenses | 109.5 |  |  | 80.3 |  |  | 119.1 |  |  | 11.2 |  |  | 320.1 |
Acquisition and integration related costs | 4.1 |  |  | — |  |  | — |  |  | — |  |  | 4.1 |
Restructuring and other charges | 1.7 |  |  | 1.4 |  |  | 9.0 |  |  | 0.3 |  |  | 12.4 |
Non-cash asset impairment charges | 1.0 |  |  | 2.1 |  |  | 14.0 |  |  | 0.4 |  |  | 17.5 |
Loss (gain) on disposal of properties, plants and equipment, net | 0.2 |  |  | (3.9) |  |  | 1.4 |  |  | — |  |  | (2.3) |
Loss on disposal of businesses, net | — |  |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |
Operating profit (loss) | $ | 18.9 |  |  | $ | 71.6 |  |  | $ | (1.1) |  |  | $ | 5.4 |  |  | $ | 94.8 |
* 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:
| Three Months Ended March 31, |  | Six Months Ended March 31,
(in millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Depreciation, depletion and amortization expense: |  |  |  |  |  |  |
Customized Polymer Solutions | $ | 25.0 |  |  | $ | 22.9 |  |  | $ | 52.9 |  |  | $ | 45.9 |
Durable Metal Solutions | 7.6 |  |  | 7.0 |  |  | 15.2 |  |  | 14.2 |
Sustainable Fiber Solutions | 23.3 |  |  | 25.7 |  |  | 46.7 |  |  | 52.3 |
Innovative Closure Solutions | 1.3 |  |  | 1.5 |  |  | 2.7 |  |  | 3.2 |
Total depreciation, depletion and amortization expense | $ | 57.2 |  |  | $ | 57.1 |  |  | $ | 117.5 |  |  | $ | 115.6 |
Capital expenditures: |  |  |  |  |  |  |
Customized Polymer Solutions | $ | 16.7 |  |  | $ | 7.0 |  |  | $ | 27.9 |  |  | $ | 16.9 |
Durable Metal Solutions | 6.3 |  |  | 7.4 |  |  | 13.2 |  |  | 14.2 |
Sustainable Fiber Solutions | 8.9 |  |  | 23.4 |  |  | 19.3 |  |  | 34.8 |
Innovative Closure Solutions | 1.5 |  |  | 0.9 |  |  | 5.0 |  |  | 1.4 |
Total segments | 33.4 |  |  | 38.7 |  |  | 65.4 |  |  | 67.3 |
Corporate and other | 3.8 |  |  | 1.6 |  |  | 7.0 |  |  | 3.7 |
Total capital expenditures | $ | 37.2 |  |  | $ | 40.3 |  |  | $ | 72.4 |  |  | $ | 71.0 |
Schedule of Properties, Plants and Equipment, Net by Geographical Area | The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions) | March 31, 2026 |  | September 30, 2025
Assets: |  |  |
Customized Polymer Solutions | $ | 1,878.5 |  |  | $ | 1,872.9 |
Durable Metal Solutions | 1,247.6 |  |  | 1,196.8 |
Sustainable Fiber Solutions | 1,705.5 |  |  | 1,917.1 |
Innovative Closure Solutions | 220.9 |  |  | 321.7 |
Total segments | 5,052.5 |  |  | 5,308.5 |
Corporate and other* | 544.1 |  |  | 458.3 |
Total assets | $ | 5,596.6 |  |  | $ | 5,766.8 |
*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* | $ | 796.3 |  |  | $ | 814.7 |
Europe, Middle East and Africa | 378.0 |  |  | 392.2 |
Asia Pacific and other Americas | 153.9 |  |  | 148.9 |
Total long-lived assets, net | $ | 1,328.2 |  |  | $ | 1,355.8 |
*The United States is the only country material to present individually. All other countries have been aggregated into regions. |  |  |

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