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Restructuring And Related Charges (Tables)
12 Months Ended
Sep. 30, 2018
Restructuring And Related Charges [Abstract]  
Summary Of Restructuring And Related Charges



 

 

 

 

 

 

 

 

 

(in millions)

 

2018

 

2017

 

2016

HHI distribution center consolidation

 

$

52.0 

 

$

27.4 

 

$

GAC business rationalization initiative

 

 

17.1 

 

 

24.2 

 

 

5.3 

PET rightsizing initiative

 

 

12.1 

 

 

8.2 

 

 

Other restructuring activities

 

 

11.6 

 

 

0.6 

 

 

8.7 

Total restructuring and related charges

 

$

92.8 

 

$

60.4 

 

$

14.0 

Reported as:

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

12.8 

 

$

18.1 

 

$

0.2 

Operating expense

 

 

80.0 

 

 

42.3 

 

 

13.8 



Summary Of Costs Incurred And Cumulative Costs By Cost Type



 

 

 

 

 

 

 

 

 



 

Termination

 

Other

 

 

(in millions)

 

Benefits

 

Costs

 

Total

For the year ended September 30, 2018

 

 

8.5 

 

 

84.3 

 

 

92.8 

For the year ended September 30, 2017

 

 

11.2 

 

 

49.2 

 

 

60.4 

For the year ended September 30, 2016

 

 

2.4 

 

 

11.6 

 

 

14.0 

Cumulative costs through September 30, 2018

 

 

15.5 

 

 

130.9 

 

 

146.4 

Future costs to be incurred

 

 

 

 

3.7 

 

 

3.7 



Rollforward Of Restructuring Accrual



 

 

 

 

 

 

 

 

 



 

Termination

 

Other

 

 

(in millions)

 

Benefits

 

Costs

 

Total

Accrual balance at September 30, 2016

 

$

1.4 

 

$

0.9 

 

$

2.3 

Provisions

 

 

9.4 

 

 

10.1 

 

 

19.5 

Cash expenditures

 

 

(3.2)

 

 

(1.0)

 

 

(4.2)

Non Cash Items

 

 

(0.5)

 

 

(0.1)

 

 

(0.6)

Accrual balance at September 30, 2017

 

$

7.1 

 

$

9.9 

 

$

17.0 

Provisions

 

 

5.7 

 

 

5.1 

 

 

10.8 

Cash expenditures

 

 

(9.0)

 

 

(9.2)

 

 

(18.2)

Non-cash items

 

 

 

 

 

 

Accrual balance at September 30, 2018

 

$

3.8 

 

$

5.8 

 

$

9.6 



Summary Of Costs Incurred By Reporting Segment



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

HHI

 

PET

 

H&G

 

GAC

 

Corporate

 

Total

For the year ended September 30, 2018

 

 

52.8 

 

 

13.2 

 

 

0.8 

 

 

18.5 

 

 

7.5 

 

 

92.8 

For the year ended September 30, 2017

 

 

26.6 

 

 

9.1 

 

 

 

 

24.2 

 

 

0.5 

 

 

60.4 

For the year ended September 30, 2016

 

 

2.3 

 

 

6.0 

 

 

0.4 

 

 

5.3 

 

 

 

 

14.0 

Cumulative costs through September 30, 2018

 

 

79.4 

 

 

20.4 

 

 

 

 

46.6 

 

 

 

 

146.4 

Future costs to be incurred

 

 

3.7 

 

 

 

 

 

 

 

 

 

 

3.7