RESTRUCTURING AND RELATED CHARGES (Tables)

9 Months Ended

Jul. 04, 2021

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Related Charges

The following summarizes restructuring and related charges for the three and nine month periods ended July 4, 2021 and June 28, 2020:

	Three Month Periods Ended				Nine Month Periods Ended
(in millions)	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Global productivity improvement program	$	4.8	$	12.2	$	15.7	$	60.1
Other restructuring activities	5.3		—		7.7		1.5
Total restructuring and related charges	$	10.1	$	12.2	$	23.4	$	61.6
Reported as:
Cost of goods sold	$	0.3	$	(0.3)	$	1.7	$	12.5
Operating expense	9.8		12.5		21.7		49.1

Summary of Costs Incurred and Cumulative Costs By Cost Type

The following is a summary of restructuring and related charges for the three and nine month periods ended July 4, 2021 and June 28, 2020, cumulative costs for current restructuring initiatives, and estimated future costs to be incurred as of July 4, 2021, by cost type.

(in millions)	Termination Benefits		Other Costs		Total
For the three month period ended July 4, 2021	$	5.0	$	5.1	$	10.1
For the three month period ended June 28, 2020	0.5		11.7		12.2
For the nine month period ended July 4, 2021	8.3		15.1		23.4
For the nine month period ended June 28, 2020	11.9		49.7		61.6
Cumulative costs through July 4, 2021	25.0		116.1		141.1
Estimated future costs to be incurred	1.0		26.3		27.3

Rollforward of Restructuring Accrual

The following is a rollforward of the accrual related to all restructuring and related activities, included within Other Current Liabilities, by cost type for the nine month period ended July 4, 2021.

(in millions)	Termination Benefits		Other Costs		Total
Accrual balance at September 30, 2020	$	4.1	$	6.4	$	10.5
Provisions	2.7		8.7		11.4
Cash expenditures	(2.1)		(13.0)		(15.1)
Non-cash items	—		0.1		0.1
Accrual balance at July 4, 2021	$	4.7	$	2.2	$	6.9

Summary of Costs Incurred By Reporting Segment

The following summarizes restructuring and related charges by segment for the three and nine month periods ended July 4, 2021 and June 28, 2020, cumulative costs incurred through July 4, 2021, and estimated future costs to be incurred by the Company’s segments:

(in millions)	HHI		HPC		GPC		H&G		Corporate		Total
For the three month period ended July 4, 2021	$	—	$	2.1	$	3.9	$	—	$	4.1	$	10.1
For the three month period ended June 28, 2020	0.3		0.7		2.1		—		9.1		12.2
For the nine month period ended July 4, 2021	—		6.2		6.0		—		11.2		23.4
For the nine month period ended June 28, 2020	0.9		3.6		18.8		0.3		38.0		61.6
Cumulative costs through July 4, 2021	1.4		17.8		22.8		2.2		96.9		141.1
Estimated future costs to be incurred	0.8		0.9		3.5		2.1		20.0		27.3