RESTRUCTURING COSTS |
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RESTRUCTURING COSTS | RESTRUCTURING COSTS Restructuring costs for the three and nine months ended March 31, 2026 and 2025 are presented below:
Fixed Cost Reduction Plan On April 24, 2025, the Company announced a new plan to strengthen its operating model and simplify its fixed cost structure (the “Fixed Cost Reduction Plan”). Total restructuring charges, which consisted of employee severance, have been recorded in Corporate. The related liability balances were $57.1 and $74.1 at March 31, 2026 and June 30, 2025, respectively. The Company currently estimates that the total accrual will result in cash expenditures of approximately $10.2, $42.3, and $4.6 in fiscal 2026, 2027 and thereafter, respectively. Current Restructuring Actions and Other The Company continues to analyze its cost structure and evaluate opportunities to streamline operations through a range of smaller initiatives and other cost reduction activities to optimize operations in select businesses. The liability, which consisted primarily of employee severance, balances were $26.3 and $30.4 at March 31, 2026 and June 30, 2025 respectively. The Company estimates that the total remaining accrual will result in cash expenditures of approximately $8.1, $12.1, and $6.1 in fiscal 2026, 2027 and thereafter, respectively.
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