Restructuring Charges |
9 Months Ended |
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Jun. 30, 2025 | |
Restructuring and Related Activities [Abstract] | |
Restructuring Charges | Restructuring Charges In 2024, we recorded restructuring charges of $97 million ($73 million, net of tax or $0.64 per diluted share) related to actions in conjunction with an enterprise-wide comprehensive program to optimize cost structure and expand margins. The charges included $92 million for severance benefits and $5 million for strategic advisory services related to the targeted severance actions. In the Consolidated Statement of Operations for the three and nine months ended June 30, 2024, charges totaled $70 million. $23 million of the charges were recorded in Cost of sales, while $47 million were recorded in Selling, general and administrative expenses. We expect the total cash expenditures associated with these restructuring actions to be $97 million. We paid $10 million and $36 million during the three and nine months ended June 30, 2025, respectively, and $17 million during both the three and nine months ended June 30, 2024. Accruals remaining under these restructuring actions were $34 million and $70 million at June 30, 2025, and September 30, 2024, respectively.
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