Restructuring (Tables)

9 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

The pre-tax expense for charges related to the restructuring for the quarters and nine months ended June 30, 2025 and 2024 are noted in the table below, and were reflected in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income:


	For the Quarters Ended June 30,				For the Nine Months Ended June 30,
	2025		2024			2025		2024
Project Momentum Restructuring Program
Costs of products sold
Severance and related benefit costs	$	0.1	$	1.0		$	0.3	$	1.9
Accelerated depreciation & fixed asset write-offs	—		1.3			3.3		6.0
Other restructuring related costs(1)	2.8		11.1			17.4		33.8
Selling, general and administrate expense
Severance and related benefit costs	1.6		0.5			3.7		3.3
Accelerated depreciation & fixed asset write-offs	—		0.5			0.9		1.5
Other restructuring related costs(2)	1.8		6.0			7.4		12.5
Other items, net
Entity liquidation	—		(0.7)			(0.3)		(0.7)
Gain on Sale of Assets	—		(3.7)			—		(3.7)
Momentum Restructuring Cost Total	$	6.3	$	16.0		$	32.7	$	54.6
IT enablement(3)	1.7		2.8			13.2		10.0
Total restructuring and related costs	$	8.0	$	18.8		$	45.9	$	64.6

(1) Includes charges primarily related to consulting, relocation, decommissioning, and other facility exit costs.

(2) Primarily includes consulting, real estate rationalization costs, and legal fees for the restructuring program.

(3) Relates to operating expenses for new IT systems, primarily the organizational design and change management costs, which are enabling the Company to complete restructuring initiatives, and a non-cash impairment of capitalized software. Costs are included in SG&A in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the restructuring and related costs reserve activity related to the Project Momentum restructuring program for the nine months ended June 30, 2024 and 2025:


					Utilized
	September 30, 2023		Charge to Income		Cash		Non-Cash		June 30, 2024
Severance & termination related costs	$	15.4	$	5.2	$	10.6	$	—	$	10.0
Accelerated depreciation & fixed asset write-offs	—		7.5		—		7.5		—
Other restructuring related costs	3.3		41.9		38.2		1.5		5.5
IT enablement	0.9		10		8.7		0.2		2.0
Total restructuring and related costs	$	19.6	$	64.6	$	57.5	$	9.2	$	17.5


					Utilized
	September 30, 2024 (1)		Charge to Income		Cash		Non-Cash		June 30, 2025 (1)
Severance & termination related costs	$	7.2	$	4.0	$	3.8	$	—	$	7.4
Accelerated depreciation & fixed asset write-offs	—		4.2		—		4.2		—
Other restructuring related costs	12.4		24.5		33.6		—		3.3
IT enablement	2.1		13.2		12.9		2.1		0.3
Total restructuring and related costs	$	21.7	$	45.9	$	50.3	$	6.3	$	11.0

(1) The restructuring and related costs reserve is recorded on the Consolidated (Condensed) Balance Sheet in Other current liabilities and Other long term liabilities. Refer to Note 14, Supplemental Financial Statement Information for additional details.