XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.20.2

Restructuring Activities | 9 Months Ended
--- | ---
Jun. 30, 2020
Restructuring And Related Activities [Abstract] |
Restructuring Activities | NOTE D – RESTRUCTURING ACTIVITIES Company-wide restructuring activities Ashland periodically implements company-wide restructuring programs related to acquisitions, divestitures and other cost reduction programs in order to enhance profitability through streamlined operations and an improved overall cost structure. Fiscal 2018 program costs Severance costs During fiscal 2018, Ashland initiated a company-wide cost reduction program as a result of ongoing strategic asset plans and activities. As part of this restructuring program, Ashland announced a voluntary severance offer (VSO) to certain qualifying employees that was formally approved during 2018. Additionally, during fiscal 2018, an involuntary program for employees was also initiated as part of the restructuring program. These programs resulted in additional severance expense of zero and $3 million for the three months ended June 30, 2020 and 2019, respectively, and $1 and $7 million for the nine months ended June 30, 2020 and 2019, respectively, which was primarily recorded within the selling, general and administrative expense caption of the Statement of Consolidated Comprehensive Income (Loss). As of June 30, 2020, the severance reserve for the company-wide restructuring program was zero. Facility costs Ashland incurred lease abandonment charges of zero during the three months ended June 30, 2020 and 2019, and zero and $8 million for the nine months ended June 30, 2020 and 2019, respectively. These charges were due to the exit from certain office facilities in conjunction with the company-wide cost reduction program. The costs related to this reserve were recorded within the selling, general and administrative expense caption of the Statements of Consolidated Comprehensive Income (Loss) and are paid over the remaining lease terms. As of June 30, 2020, the reserve for facility costs was $6 million. The following table details at June 30, 2020 and 2019, the amount of restructuring reserves related to the programs discussed above, and the related activity in these reserves during the nine months ended June 30, 2020. The severance and facility cost reserves were primarily recorded within accrued expenses and other liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2020 and June 30, 2019.
(In millions) | Severance costs |  |  | Facility costs |  |  | Total |
Balance at of September 30, 2019 |  | 7 |  |  |  | 7 |  |  |  | 14 |
Restructuring reserve |  | 1 |  |  |  | — |  |  |  | 1 |
Utilization (cash paid) |  | (8 | ) |  |  | (1 | ) |  |  | (9 | )
Balance at June 30, 2020 | $ | — |  |  | $ | 6 |  |  |  | 6 |
(In millions) | Severance costs |  |  | Facility costs |  |  | Total |
Balance at of September 30, 2018 |  | 36 |  |  |  | 7 |  |  |  | 43 |
Restructuring reserve |  | 7 |  |  |  | 8 |  |  |  | 15 |
Utilization (cash paid) |  | (29 | ) |  |  | (7 | ) |  |  | (36 | )
Balance at June 30, 2019 | $ | 14 |  |  | $ | 8 |  |  |  | 22 |
Other restructuring activities Fiscal 2019 Plant restructuring During the three and nine months ended June 30, 2019, Specialty Additives committed to a cost reduction plan within an existing manufacturing facility. As a result, Ashland incurred restructuring charges of zero and $47 million for the three and nine months ended June 30, 2019, respectively. These charges were recorded primarily within the cost of sales caption of the Statements of Consolidated Comprehensive Income (Loss) consisting of $38 million of accelerated depreciation and amortization, $5 million of severance and $4 million of plant closure costs during the nine months ended June 30, 2019. As of June 30, 2020, there was no restructuring reserve related to this plant restructuring. Fiscal 2020 restructuring severance costs During the three and nine months ended June 30, 2020, Ashland incurred severance expense of $12 million and $30 million, respectively, attributable to executive management changes and business management changes within the organization. As of June 30, 2020, the severance reserve associated with this transition was $22 million. The following table details at June 30, 2020, the amount of restructuring severance reserves related to this program. The severance reserves were primarily recorded within accrued expenses and other liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2020.
(In millions) | Severance costs |
Balance at of September 30, 2019 |  | — |
Restructuring reserve |  | 30 |
Utilization (cash paid) |  | (8 | )
Balance at June 30, 2020 | $ | 22 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration