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EXIT AND DISPOSAL ACTIVITIES
12 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
EXIT AND DISPOSAL ACTIVITIES EXIT AND DISPOSAL ACTIVITIES
During the year ended September 30, 2025, the Company entered into initiatives within its HPC and GPC segments following the consolidation of functions and operations within the segments and changes in their commercial strategies for international markets, in addition to initiatives with shared operations and enabling functions as the Company exited transition service agreements from previous divestitures, resulting in the realization of headcount reductions and related termination charges. During the year ended September 30, 2023, 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. As of September 30, 2025, there are no further significant costs expected to be incurred from current initiatives.
The following summarizes exit and disposal charges for the years ended September 30, 2025, 2024 and 2023.
(in millions)202520242023
Exit and disposal costs$8.8 $1.0 $9.3 
Reported as:
Cost of goods sold$— $— $0.6 
Selling, general & administrative expense8.8 1.0 8.7 
The following summarizes exit and disposal charges by segment for the years ended September 30, 2025, 2024 and 2023.
(in millions)202520242023
GPC$0.9 $0.1 $3.5 
H&G— — 0.2 
HPC5.6 0.6 5.2 
Corporate and shared operations2.3 0.3 0.4 
Total exit and disposal activities$8.8 $1.0 $9.3 
The following is a summary of exit and disposal charges by cost type for the years ended September 30, 2025, 2024, and 2023.
(in millions)
Termination
Benefits
Other
Costs
Total
For the year ended September 30, 2025$8.0 $0.8 $8.8 
For the year ended September 30, 20240.6 0.4 1.0 
For the year ended September 30, 20238.2 1.1 9.3 
The following is a rollforward of the accrual for exit and disposal charges by cost type for the years ended September 30, 2025, and 2024, included in Other Current Liabilities on the Consolidated Statements of Financial Position.
(in millions)
Termination
Benefits
Other
Costs
Total
Accrual balance at September 30, 2023$3.4 $0.5 $3.9 
Provisions0.6 — 0.6 
Cash expenditures(2.8)(0.4)(3.2)
Accrual balance at September 30, 2024$1.2 $0.1 $1.3 
Provisions6.9 (0.1)6.8 
Cash expenditures(6.1)— (6.1)
Foreign currency and other0.1 — 0.1 
Accrual balance at September 30, 2025$2.1 $— $2.1