RESTRUCTURING CHARGES

3 Months Ended

Jan. 01, 2023

Restructuring and Related Activities [Abstract]

During the year ended September 30, 2022, the Company entered into a new initiative in response to changes observed within consumer products and retail markets, continued inflationary cost pressures and headwinds, and to facilitate changes in the management structure for enabling functions of the consolidated group, resulting in the realization of headcount reductions. Total cumulative costs associated with the new restructuring initiative were $10.4 million. Substantially all costs associated with the initiative have been recognized in the prior year with incremental costs realized during the three month period ended January 1, 2023, which were attributable to changes in timing and accruals previously recognized since the initiative was established.

During the year ended September 30, 2022, the Company initiated the exit of its in-country commercial operations in Russia, predominantly supporting the HPC segment, including costs for severance and other exit and disposal activity to close the operations. Total cumulative costs associated with the initiative were $1.2 million. Substantially all costs, excluding lease termination or asset impairment costs associated with the initiative has been recognized.

The Company may enter into small, less significant initiatives to reduce costs and improve margins throughout the organization. Individually these activities are not substantial and occur over a shorter time period (generally less than 12 months).

The following summarizes restructuring charges for the three month periods ended January 1, 2023 and January 2, 2022:


	Three Month Periods Ended
(in millions)	January 1, 2023		January 2, 2022
Fiscal 2022 restructuring	$	0.6	$	—
Russia dissolution	0.6		—

GPC distribution center transition	—		10.3
Global productivity improvement program	—		1.8
Other project costs	0.8		5.3
Total restructuring charges	$	2.0	$	17.4
Reported as:
Cost of goods sold	$	0.4	$	0.3
Selling expense	—		10.3
General and administrative expense	1.6		6.8

The following is a summary of restructuring charges by segment for the three month periods ended January 1, 2023 and January 2, 2022.


	Three Month Periods Ended
(in millions)	January 1, 2023		January 2, 2022
HPC	$	0.6	$	0.6
GPC	0.7		11.4
H&G	0.2		—
Corporate	0.5		5.4
Total restructuring charges	$	2.0	$	17.4

The following is a summary of restructuring charges by cost type for the three month periods ended January 1, 2023 and January 2, 2022.


(in millions)	Termination Benefits		Other Costs		Total
For the three month period ended January 1, 2023	$	1.3	$	0.7	$	2.0
For the three month period ended January 2, 2022	0.6		16.8		17.4

The following is a rollforward of the accrual for restructuring charges by cost type for the three month period ended January 1, 2023.


(in millions)	Termination Benefits		Other Costs		Total
Accrual balance at September 30, 2022	$	3.7	$	0.3	$	4.0
Provisions	1.3		0.1		1.4
Cash expenditures	(2.7)		(0.1)		(2.8)
Foreign currency and other	0.2		—		0.2
Accrual balance at January 1, 2023	$	2.5	$	0.3	$	2.8