Restructuring Charges

3 Months Ended

Dec. 31, 2022

Operating Model Redesign

In fiscal 2023, the Company is continuing to take actions to strengthen its operating model, simplify the organization and improve manufacturing and supply chain efficiency and productivity. As a result of these actions, we expect to incur restructuring charges of approximately $18 in fiscal 2023. The Company incurred restructuring charges as follows:


	Three Months Ended December 31, 2022		Three Months Ended December 31, 2021
Severance and related benefit costs	$	0.9	$	1.3

Consulting, project implementation and management, and other exit costs	1.9		0.9
Total restructuring	$	2.8	$	2.2

Pre-tax SG&A of $0.1 for the three months ended December 31, 2022, associated with certain information technology enablement expenses and compensation expenses for restructuring programs were included in Consulting, project implementation and management, and other exit costs.

The following table summarizes the restructuring activities and related accrual for the three months ended December 31, 2022:


					Utilized
	October 1, 2022		Charge to Income		Cash		Non-Cash		December 31, 2022
Severance and related benefit costs	$	1.7	$	0.9	$	(2.2)	$	—	$	0.4

Consulting, project implementation and management, and other exit costs	0.8		1.9		(1.9)		—		0.8
Total restructuring	$	2.5	$	2.8	$	(4.1)	$	—	$	1.2