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Restructuring And Related Charges | 12 Months Ended
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Sep. 30, 2018
Restructuring And Related Charges [Abstract] |
Restructuring And Related Charges | NOTE 5 - RESTRUCTURING AND RELATED CHARGES ﻿ PET Rightsizing Initiative – During the second quarter of the year ending September 30, 2017, the Company implemented a rightsizing initiative within the PET segment to streamline certain operations and reduce operating costs. The initiative includes headcount reductions and the rightsizing of certain facilities. Total costs associated with this initiative of $20.3 million have been incurred to date and completed as of September 30, 2018. ﻿ HHI Distribution Center Consolidation – During the second quarter of the year ending September 30, 2017, the Company implemented an initiative within the HHI segment to consolidate certain operations and reduce operating costs. The initiative includes headcount reductions and the exit of certain facilities. Total costs associated with the initiative are expected to be approximately $83 million, of which $79.4 million has been incurred to date. The balance is anticipated to be incurred through December 31, 2018. ﻿ Other Restructuring Activities – The Company has entered or may enter into small, less significant initiatives and restructuring activities to reduce costs and improve margins throughout the organization. Individually these activities are not substantial, and occur over a shorter time period (less than 12 months). ﻿ The following summarizes restructuring and related charges for the years ended September 30, 2018, 2017, and 2016: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿(in millions) |  | 2018 |  | 2017 |  | 2016
﻿HHI distribution center consolidation |  | $ | 52.0 |  | $ | 27.4 |  | $ | —
﻿PET rightsizing initiative |  |  | 12.1 |  |  | 8.2 |  |  | —
﻿Other restructuring activities |  |  | 11.5 |  |  | 1.9 |  |  | 10.2
﻿Total restructuring and related charges |  | $ | 75.6 |  | $ | 37.5 |  | $ | 10.2
﻿Reported as: |  |  |  |  |  |  |  |  |
﻿Cost of goods sold |  | $ | 3.6 |  | $ | 0.5 |  | $ | 0.4
﻿Operating expense |  |  | 72.0 |  |  | 37.0 |  |  | 9.8
﻿ The following summarizes restructuring and related charges for the years ended September 30, 2018, 2017, and 2016, and cumulative costs of restructuring initiatives as of September 30, 2018, by cost type. Termination costs consist of involuntary employee termination benefits and severance pursuant to a one-time benefit arrangement recognized as part of a restructuring initiative. Other costs consist of non-termination type costs related to restructuring initiatives such as incremental costs to consolidate or close facilities, relocate employees, cost to retrain employees to use newly deployed assets or systems, lease termination costs, and redundant or incremental transitional operating costs and customer fines and penalties during transition, among others: ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Termination |  | Other |  |
﻿(in millions) |  | Benefits |  | Costs |  | Total
﻿For the year ended September 30, 2018 |  | $ | 7.8 |  | $ | 67.8 |  | $ | 75.6
﻿For the year ended September 30, 2017 |  |  | 8.0 |  |  | 29.5 |  |  | 37.5
﻿For the year ended September 30, 2016 |  |  | 3.9 |  |  | 6.3 |  |  | 10.2
﻿Cumulative costs through September 30, 2018 |  |  | 14.2 |  |  | 97.4 |  |  | 111.6
﻿Future costs to be incurred |  |  | — |  |  | 3.7 |  |  | 3.7
﻿ The following is a rollforward of the accrual related to all restructuring and related activities, included within Other Current Liabilities, by cost type, for the years ended September 30, 2018, 2017, and 2016: ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Termination |  | Other |  |
﻿(in millions) |  | Benefits |  | Costs |  | Total
﻿Accrual balance at September 30, 2016 |  | $ | 1.2 |  | $ | 0.1 |  | $ | 1.3
﻿Provisions |  |  | 7.9 |  |  | 9.6 |  |  | 17.5
﻿Cash expenditures |  |  | (2.0) |  |  | (0.5) |  |  | (2.5)
﻿Non-cash items |  |  | (0.5) |  |  | (0.1) |  |  | (0.6)
﻿Accrual balance at September 30, 2017 |  | $ | 6.6 |  | $ | 9.1 |  | $ | 15.7
﻿Provisions |  |  | 4.9 |  |  | 4.2 |  |  | 9.1
﻿Cash expenditures |  |  | (8.4) |  |  | (8.6) |  |  | (17.0)
﻿Accrual balance at September 30, 2018 |  | $ | 3.1 |  | $ | 4.7 |  | $ | 7.8
﻿ NOTE 5 - RESTRUCTURING AND RELATED CHARGES (continued) ﻿ The following summarizes restructuring and related charges by segment for the years ended September 30, 2018, 2017, and 2016, cumulative costs of restructuring initiatives as of September 30, 2018 and future expected costs to be incurred by segment: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(in millions) |  | HHI |  | HPC |  | PET |  | H&G |  | Corporate |  | Total
﻿For the year ended September 30, 2018 |  | $ | 52.8 |  | $ | 0.7 |  | $ | 13.2 |  | $ | 0.8 |  | $ | 8.1 |  | $ | 75.6
﻿For the year ended September 30, 2017 |  |  | 26.6 |  |  | — |  |  | 9.1 |  |  | — |  |  | 1.8 |  |  | 37.5
﻿For the year ended September 30, 2016 |  |  | 2.3 |  |  | 0.3 |  |  | 6.0 |  |  | 0.4 |  |  | 1.2 |  |  | 10.2
﻿Cumulative costs through September 30, 2018 |  |  | 80.2 |  |  | 0.7 |  |  | 21.4 |  |  | 0.8 |  |  | 8.5 |  |  | 111.6
﻿Future costs to be incurred |  |  | 3.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3.7
﻿ ﻿

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- References No definition available. + Details
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- 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
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