Special project costs consist primarily of employee-related costs and other transition and termination costs related to certain divestiture, acquisition, integration, and restructuring activities. Employee-related costs include severance, retention bonuses, and relocation costs. Severance costs are generally recognized when deemed probable and reasonably estimable, retention bonuses are recognized over the estimated future service period of the impacted employees, and relocation costs are expensed as incurred. Other transition and termination costs include fixed asset-related charges, contract and lease termination costs, professional fees, and other miscellaneous expenditures associated with divestiture, acquisition, integration, and restructuring activities. With the exception of accelerated depreciation, these costs are expensed as incurred. These special project costs are reported in cost of products sold, other special project costs, and other income (expense) – net in the Condensed Statements of Consolidated Income (Loss) and are not allocated to segment profit. The obligation related to employee separation costs is included in other current liabilities in the Condensed Consolidated Balance Sheets.

Divestiture Costs: As a result of prior year divestitures, we identified opportunities to address certain distribution inefficiencies. We have recognized total cumulative costs of $9.0, of which $0.3 was recognized during the three months ended July 31, 2025, primarily consisting of other transition and termination costs. There were no divestiture costs recognized during the three months ended July 31, 2026. We do not anticipate any additional costs to be incurred related to these divestiture activities.

Integration Costs: As of April 30, 2026, integration of the Hostess Brands, Inc. (“Hostess Brands”) acquisition was considered complete. We incurred total integration costs of $187.4 related to the acquisition, of which $16.7 were noncash charges and primarily consisted of accelerated depreciation. While we did not incur any costs during the three months ended July 31, 2026, we incurred integration costs of $0.4 during the three months ended July 31, 2025, which consisted of employee-related and other transition and termination costs. The obligation related to severance costs and retention bonuses was fully satisfied as of July 31, 2026, and was $0.4 as of April 30, 2026.

Restructuring Costs: During 2026, we closed our Indianapolis, Indiana manufacturing facility, which manufactured Hostess® branded products, and consolidated operations into other existing facilities to further optimize operations within our Sweet Baked Snacks segment.

Cumulative noncash charges incurred through July 31, 2026, were $68.2 and consisted of accelerated depreciation, of which $15.4 was incurred during the three months ended July 31, 2025. We did not incur any noncash charges during the three months ended July 31, 2026. The remaining charges related to these restructuring activities are not expected to be material during the remainder of 2027. The obligation related to severance and retention bonuses was $0.2 and $0.5 at July 31, 2026, and April 30, 2026, respectively.