Restructuring (Tables)

6 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The pre-tax expense for charges related to the restructuring for the quarters and six months ended March 31, 2024 and 2023 are noted in the table below, and were reflected in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income:

	For the Quarters Ended March 31,				For the Six Months Ended March 31,
	2024		2023		2024		2023
Project Momentum Restructuring Program
Costs of products sold
Severance and related benefit costs	$	0.4	$	4.9	$	0.9	$	4.9
Accelerated depreciation & asset write-offs	3.4		0.9		4.7		0.9
Other restructuring related costs(1)	11.7		(0.1)		22.7		0.2
Selling, general and administrate expense
Severance and related benefit costs	1.0		—		2.8		0.6
Accelerated depreciation & asset write-offs	0.5		—		1.0		—
Other restructuring related costs(2)	3.1		1.8		6.5		7.5
Momentum Restructuring Cost Total	$	20.1	$	7.5	$	38.6	$	14.1
IT enablement(3)	3.3		—		7.2		—
Total restructuring and related costs	$	23.4	$	7.5	$	45.8	$	14.1

(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 operating expenses for new IT systems, primarily the organizational design and change management costs, which are enabling the Company to complete restructuring initiatives. 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 related to the Project Momentum restructuring program for the six months ended March 31, 2023 and 2024:

					Utilized
	September 30, 2022 (1)		Charge to Income		Cash		Non-Cash		March 31, 2023 (1)
Severance & termination related costs	$	—	$	5.5	$	0.6	$	—	$	4.9
Accelerated depreciation & asset write-offs	—		0.9		—		0.9		—
Other restructuring related costs	0.9		7.7		7.1		—		1.5
Total restructuring and related costs	$	0.9	$	14.1	$	7.7	$	0.9	$	6.4

					Utilized
	September 30, 2023 (1)		Charge to Income		Cash		Non-Cash		March 31, 2024 (1)
Severance & termination related costs	$	15.4	$	3.7	$	8.0	$	—	$	11.1
Accelerated depreciation & asset write-offs	—		5.7		—		5.7		—
Other restructuring related costs	3.3		29.2		29.1		1.5		1.9
IT enablement	0.9		7.2		6.4		0.2		1.5
Total restructuring and related costs	$	19.6	$	45.8	$	43.5	$	7.4	$	14.5

(1) The restructuring and related costs reserve is recorded on the Consolidated (Condensed) Balance Sheet in Other current liabilities and Other long term liabilities.