v3.25.2
EXIT AND DISPOSAL ACTIVITIES
 9 Months Ended
Jun. 29, 2025
Restructuring and Related Activities [Abstract]  
EXIT AND DISPOSAL ACTIVITIES EXIT AND DISPOSAL ACTIVITIES
During the nine month period ended June 29, 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 certain international markets, in addition to the restructuring of shared operations and enabling functions as the Company exits transition service agreements from previous divestitures, resulting in the realization of headcount reductions and related termination charges. Total cumulative exit and disposal costs associated with these initiatives were $8.2 million, with approximately $3 million of additional costs forecasted in the foreseeable future.
The following summarizes restructuring charges for the three and nine month periods ended June 29, 2025 and June 30, 2024:
Three Month Periods EndedNine Month Periods Ended
(in millions)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Exit and disposal costs$4.2 $0.1 $8.2 $1.0 
Reported as:
Selling, general & administrative expense4.2 0.1 8.2 1.0 
The following is a summary of restructuring charges by segment for the three and nine month periods ended June 29, 2025 and June 30, 2024.
Three Month Periods EndedNine Month Periods Ended
(in millions)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
GPC$0.5 $— $0.8 $— 
HPC2.7 — 5.3 0.7 
Corporate and shared operations1.0 0.1 2.1 0.3 
Total exit and disposal activities$4.2 $0.1 $8.2 $1.0 
The following is a summary of restructuring charges by cost type for the three and nine month periods ended June 29, 2025 and June 30, 2024.
(in millions)
Termination
Benefits		Other
Costs		Total
Three month period ended June 29, 2025$3.6 $0.6 $4.2 
Three month period ended June 30, 20240.1 — 0.1 
Nine month period ended June 29, 20257.5 0.7 8.2 
Nine month period ended June 30, 20240.5 0.5 1.0 
The following is a roll forward of the accrual for restructuring charges by cost type for the nine month period ended June 29, 2025.
(in millions)Termination
Benefits		Other
Costs		Total
September 30, 2024$1.2 $0.1 $1.3 
Provisions6.6 — 6.6 
Cash expenditures(3.9)(0.1)(4.0)
Foreign currency and other0.1 — 0.1 
June 29, 2025$4.0 $— $4.0