In April 2026, the Company approved and announced a restructuring plan in its water treatment business within the North America segment for approximately $20 million, net of anticipated proceeds from the sale of certain assets expected to occur in late 2026. The plan is designed to increase operational efficiency and accelerate growth through footprint optimization as well as brand rationalization. The Company recognized $22.6 million of restructuring and impairment expenses during the quarter ended June 30, 2026. These expenses were comprised of $2.8 million in severance costs, $7.4 million of other restructuring expenses, and asset impairments of $12.4 million. These expenses had a corresponding tax benefit of $5.5 million.


(dollars in millions)	Severance Expenses		Other Restructuring Expenses		Impairments		Total


Accrued severance and restructuring expenses, March 31, 2026(1)	$	—	$	0.5	$	—	$	0.5
Charges	2.8		7.4		12.4		22.6
Cash payments	(0.1)		(0.1)		—		(0.2)
Non-cash impairments and other adjustments	—		—		(12.4)		(12.4)
Accrued severance and restructuring expenses, June 30, 2026	$	2.7	$	7.8	$	—	$	10.5