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EXIT AND DISPOSAL ACTIVITIES
12 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
EXIT AND DISPOSAL ACTIVITIES EXIT AND DISPOSAL ACTIVITIES
During the years ended September 30, 2023 and 2022, the Company entered into initiatives in response to economic pressures within the consumer products and retail markets and changing operating strategies, resulting in the realization of headcount reductions. Additionally, during the year ended September 30, 2022, the Company initiated other restructuring initiatives within its international operations, including the exit of its in-country commercial operations in Russia, resulting in the recognition of severance and other termination costs. Total cumulative costs associated with the initiatives were $20.7 million. with substantially all costs associated having been recognized, with no further significant costs expected to be incurred.
The following summarizes exit and disposal charges for the years ended September 30, 2024, 2023 and 2022:
(in millions)202420232022
Exit and disposal costs$1.0 $9.3 $10.4 
Reported as:
Cost of goods sold$— $0.6 $0.1 
Selling, general & administrative expense1.0 8.7 10.3 
The following summarizes exit and disposal charges by segment for the years ended September 30, 2024, 2023 and 2022:
(in millions)202420232022
GPC$0.1 $3.5 $3.6 
H&G— 0.2 0.7 
HPC0.6 5.2 5.4 
Corporate and shared operations0.3 0.4 0.7 
Total exit and disposal costs$1.0 $9.3 $10.4 
The following is a summary of exit and disposal charges by cost type for the years ended September 30, 2024, 2023, and 2022:
(in millions)
Termination
Benefits
Other
Costs
Total
For the year ended September 30, 2024$0.6 $0.4 $1.0 
For the year ended September 30, 20238.2 1.1 9.3 
For the year ended September 30, 202210.2 0.2 10.4 
The following is a rollforward of the accrual for exit and disposal charges by cost type for the years ended September 30, 2024, and 2023, included in Other Current Liabilities on the Consolidated Statements of Financial Position:
(in millions)
Termination
Benefits
Other
Costs
Total
Accrual balance at September 30, 2022$3.7 $0.3 $4.0 
Provisions7.6 0.6 8.2 
Cash expenditures(8.1)(0.3)(8.4)
Non-cash items0.2 (0.1)0.1 
Accrual balance at September 30, 2023$3.4 $0.5 $3.9 
Provisions0.6 — 0.6 
Cash expenditures(2.8)(0.4)(3.2)
Accrual balance at September 30, 2024$1.2 $0.1 $1.3