Restructuring Charges

3 Months Ended

Dec. 31, 2021

Restructuring Charges [Abstract]

Restructuring Charges

Restructuring Charges

Operating Model Redesign

In Fiscal 2022, the Company expects to take specific actions to strengthen its operating model, simplify the organization and improve manufacturing and supply chain efficiency and productivity. As a result of these actions, we expect to incur one-time charges of approximately $17 in fiscal 2022. The Company incurred the following charges for the three months ended December 31, 2021:

	Three Months Ended December 31, 2021
Restructuring Charges
Severance and related benefit costs	1.3
Consulting, project implementation and management, and other exit costs	0.9
Total restructuring	$	2.2

Project Fuel

Project Fuel was an enterprise-wide transformational initiative launched in the second quarter of fiscal 2018 to take needed steps to improve operational performance and reshape the business’ cost structure. Project Fuel was completed on September 30, 2021.

The Company incurred the following charges in the three months ended December 31, 2020:

	Three Months Ended December 31, 2020
Project Fuel
Severance and related benefit costs	$	2.3
Asset impairment and accelerated depreciation	0.1
Consulting, project implementation and management, and other exit costs	2.0
Total restructuring	$	4.4

Pre-tax SG&A of $0.6 for the three months ended December 31, 2020, associated with certain information technology enablement expenses and compensation expenses for restructuring programs were included in Consulting, project implementation and management, and other exit costs.

The following table summarizes the restructuring activities and related accrual (excluding certain obsolescence charges related to the restructuring) for the three months ended December 31, 2021:

					Utilized
	October 1, 2021		Charge to Income		Cash		Non-Cash		December 31, 2021
Restructuring
Severance and related benefit costs	$	1.9	$	1.3	$	(2.2)	$	—	$	1.0
Consulting, project implementation and management, and other exit costs	3.6		0.9		(3.0)		—		1.5
Total restructuring	$	5.5	$	2.2	$	(5.2)	$	—	$	2.5

(1)Includes the impact of currency translation.