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EXIT AND DISPOSAL ACTIVITIES | 12 Months Ended
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Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
EXIT AND DISPOSAL ACTIVITIES | EXIT AND DISPOSAL ACTIVITIES During the years ended September 30, 2023 and 2022, the Company entered into initiatives in response to economic pressures within the consumer products and retail markets and changing operating strategies, resulting in the realization of headcount reductions. Additionally, during the year ended September 30, 2022, the Company initiated other restructuring initiatives within its international operations, including the exit of its in-country commercial operations in Russia, resulting in the recognition of severance and other termination costs. Total cumulative costs associated with the initiatives were $20.7 million. with substantially all costs associated having been recognized, with no further significant costs expected to be incurred. The following summarizes exit and disposal charges for the years ended September 30, 2024, 2023 and 2022:
(in millions) |  | 2024 |  | 2023 |  | 2022
Exit and disposal costs |  | $ | 1.0 |  |  | $ | 9.3 |  |  | $ | 10.4 |
Reported as: |  |  |  |  |  |
Cost of goods sold |  | $ | — |  |  | $ | 0.6 |  |  | $ | 0.1 |
Selling, general & administrative expense |  | 1.0 |  |  | 8.7 |  |  | 10.3 |
The following summarizes exit and disposal charges by segment for the years ended September 30, 2024, 2023 and 2022:
(in millions) |  | 2024 |  | 2023 |  | 2022
GPC |  | $ | 0.1 |  |  | $ | 3.5 |  |  | $ | 3.6 |
H&G |  | — |  |  | 0.2 |  |  | 0.7 |
HPC |  | 0.6 |  |  | 5.2 |  |  | 5.4 |
Corporate and shared operations |  | 0.3 |  |  | 0.4 |  |  | 0.7 |
Total exit and disposal costs |  | $ | 1.0 |  |  | $ | 9.3 |  |  | $ | 10.4 |
The following is a summary of exit and disposal charges by cost type for the years ended September 30, 2024, 2023, and 2022:
(in millions) |  | Termination Benefits |  | Other Costs |  | Total
For the year ended September 30, 2024 |  | $ | 0.6 |  |  | $ | 0.4 |  |  | $ | 1.0 |
For the year ended September 30, 2023 |  | 8.2 |  |  | 1.1 |  |  | 9.3 |
For the year ended September 30, 2022 |  | 10.2 |  |  | 0.2 |  |  | 10.4 |
The following is a rollforward of the accrual for exit and disposal charges by cost type for the years ended September 30, 2024, and 2023, included in Other Current Liabilities on the Consolidated Statements of Financial Position:
(in millions) |  | Termination Benefits |  | Other Costs |  | Total
Accrual balance at September 30, 2022 |  | $ | 3.7 |  |  | $ | 0.3 |  |  | $ | 4.0 |
Provisions |  | 7.6 |  |  | 0.6 |  |  | 8.2 |
Cash expenditures |  | (8.1) |  |  | (0.3) |  |  | (8.4) |
Non-cash items |  | 0.2 |  |  | (0.1) |  |  | 0.1 |
Accrual balance at September 30, 2023 |  | $ | 3.4 |  |  | $ | 0.5 |  |  | $ | 3.9 |
Provisions |  | 0.6 |  |  | — |  |  | 0.6 |
Cash expenditures |  | (2.8) |  |  | (0.4) |  |  | (3.2) |
Accrual balance at September 30, 2024 |  | $ | 1.2 |  |  | $ | 0.1 |  |  | $ | 1.3 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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