Restructuring (Tables)

9 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

The pre-tax expense for charges related to the restructuring for the quarters and nine months ended June 30, 2026 and 2025 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,
	2026		2025			2026		2025

Costs of products sold (COGS)
Severance and related benefit costs	$	0.6	$	0.1		$	2.7	$	0.3
Accelerated depreciation & fixed asset write-offs	—		—			22.0		3.3
Other restructuring related costs(1)	3.1		2.8			10.3		17.4
Selling, general and administrative expense (SG&A)
Severance and related benefit costs	5.6		1.6			24.0		3.7
Accelerated depreciation & fixed asset write-offs	—		—			—		0.9
Other restructuring related costs(2)	1.3		1.8			2.9		7.4
Other items, net
Entity liquidation	—		—			—		(0.3)

Momentum Restructuring Cost Total	$	10.6	$	6.3		$	61.9	$	32.7
US manufacturing efficiency project(3)	3.8		—			14.9		—
IT enablement(4)	—		1.7			—		13.2
Total restructuring and related costs	$	14.4	$	8.0		$	76.8	$	45.9

(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 initiatives to optimize the Company's cost structure and operational efficiency in the U.S. as we exit less efficient production lines and reinvest in the expansion of U.S. manufacturing production. These restructuring related costs are recorded in COGS in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.

(4) Relates to operating expenses for new IT systems, primarily the organizational design and change management costs, which enabled 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 for the nine months ended June 30, 2026 and 2025:


					Utilized
	September 30, 2025 (1)		Charge to Income		Cash		Non-Cash		June 30, 2026 (1)
Severance & termination related costs	$	7.5	$	26.7	$	23.2	$	—	$	11.0
Accelerated depreciation & fixed asset write-offs	—		22.0		—		22.0		—
Other restructuring related costs	0.9		13.2		14.0		—		0.1
U.S. manufacturing efficiency project	—		14.9		10.9		4.0		—
IT enablement	0.3		—		0.3		—		—
Total restructuring and related costs	$	8.7	$	76.8	$	48.4	$	26.0	$	11.1


					Utilized
	September 30, 2024		Charge to Income		Cash		Non-Cash		June 30, 2025
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.