RESTRUCTURING

In February 2018, the Company announced its plan to close its cereal manufacturing facility in Clinton, Massachusetts, which manufactures certain Weetabix Group products distributed in North America. The transfer of production capabilities to other Post Consumer Brands facilities and the closure of the facility is expected to be completed by September 2019.

In September 2015, the Company announced its plan to close its Dymatize manufacturing facility located in Farmers Branch, Texas and permanently transfered production to third party facilities under co-manufacturing agreements. Plant production ceased in the fourth quarter of 2015 and the facility was sold in December 2016. No additional restructuring costs were incurred in fiscal 2018 or 2017.

In May 2015, the Company announced its plan to consolidate its cereal business administrative offices into its Lakeville, Minnesota location. In connection with the consolidation, the Company closed its office located in Parsippany, New Jersey and relocated those functions as well as certain functions located in Battle Creek, Michigan to the Lakeville office. The Parsippany office closure was completed during fiscal 2016. No additional restructuring costs were incurred in fiscal 2018 or 2017.

Amounts related to the restructuring events are shown in the following table. All costs are recognized in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations with the exception of accelerated depreciation expense incurred in the year ended September 30, 2018, which is included in “Cost of goods sold.” These expenses are not included in the measure of segment performance for any segment (see Note 22).



	Employee-Related Costs			Accelerated Depreciation			Total
Balance, September 30, 2015	$	10.5		$	—		$	10.5
Charge to expense	2.1			0.4			2.5
Cash payments	(10.6		)	—			(10.6		)
Non-cash charges	(0.9		)	(0.4		)	(1.3		)
Balance, September 30, 2016	$	1.1		$	—		$	1.1
Cash payments	(1.1		)	—			(1.1		)
Balance, September 30, 2017	$	—		$	—		$	—
Charge to expense	2.7			2.5			5.2
Non-cash charges	—			(2.5		)	(2.5		)
Balance, September 30, 2018	$	2.7		$	—		$	2.7

Total expected restructuring charge	$	17.7		$	9.0		$	26.7
Cumulative incurred to date	15.3			5.0			20.3
Remaining expected restructuring charge	$	2.4		$	4.0		$	6.4