Contingencies and Commitments |
9 Months Ended |
|---|---|
Jun. 27, 2026 | |
| Contingencies and Commitments [Abstract] | |
| Contingencies and Commitments | 9. Contingencies and Commitments
Litigation
The Company is
party to various legal proceedings involving routine claims which are
incidental to its business. Although the Company’s legal and
financial liability with respect to such proceedings cannot be estimated with
certainty, the Company believes that any ultimate liability would not be
material to its Condensed and Consolidated Balance Sheet, Consolidated and Combined Statements of
Operations, or Cash Flows.
Environmental Claims
Over the next 29 years, we are primarily responsible for the reimbursement of government
oversight costs associated with certain environmental claims regarding the Fox
River located in Wisconsin. At June 27, 2026, the outstanding balance of
the environmental liability and corresponding escrow asset were $17 million
and $9 million, respectively.
Tax Claims
As part of a previous
acquisition, the Company acquired a liability related to certain tax claims.
Depending on the resolution of the tax claims, the settlement has a range of outcomes
that is not expected to exceed $66 million as of June 27, 2026, with an
eventual payment to the Brazilian government and/or the selling stockholders of
the previous acquisition. The Company has recorded an estimated liability on the Condensed Consolidated Balance Sheets in Other long-term
liabilities.
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