Restructuring Charges

12 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring Charges

Operating Model Redesign

In fiscal 2025, the Company continues to take actions to strengthen its operating model, simplify the organization’s ways of working and improve manufacturing and supply chain efficiency and productivity. As a result of these actions, the Company expects to incur restructuring and related charges of approximately $11 in fiscal 2026. The Company has incurred restructuring and related charges as follows:

	Fiscal Year
	2025		2024		2023
Severance and related costs	$	6.8	$	10.2	$	6.2
Asset write-off and accelerated depreciation	1.7		0.6		0.8
Consulting, project implementation and management, and other exit costs	10.6		9.6		10.1
Total restructuring and related charges (1) (2)	$	19.1	$	20.4	$	17.1

(1) Restructuring and related charges of nil, nil and $0.2 are included within Cost of products sold for fiscal 2025, 2024 and 2023, respectively.

(2) Restructuring and related charges of $1.7, $0.1 and $0.3 are included within SG&A for fiscal 2025, 2024 and 2023, respective

Consolidation of Mexico Facilities

In fiscal 2024, the Company announced certain operational and organizational steps designed to streamline the Company’s operations and supply chain by consolidating its current Mexico operations in Obregon and Mexico City into a single facility in Aguascalientes, Mexico. As a result of these actions, the Company is anticipating incurring total restructuring and related charges of approximately $15 which consists of $2 of asset write-offs, and $13 of consulting, project implementation and management, and other exit costs, all of which is expected to be incurred in fiscal 2026. The consolidation of Mexico facilities is expected to be completed by the second quarter of fiscal 2026.

	Fiscal Year
	2025		2024
Severance and related benefit costs	0.3		15.6
Asset write-off and accelerated depreciation	4.1		—
Consulting, project implementation and management, and other exit costs	29.6		—
Total restructuring and related charges (1) (2)	$	34.0	$	15.6

(1) Restructuring and related charges of $3.5 and nil are included within Cost of products sold for fiscal 2025 and 2024.

(2) The Company does not include restructuring and related charges in the results of its reportable segments; however, these charges are related to the Wet Shave segment.

Restructuring Reserves

	Operating Model Redesign		Consolidation of Mexico Facilities		Total
Severance and related benefit costs
Balance at October 1, 2023	$	3.9	$	—	$	3.9
Charge to income	10.8		15.6		26.4
Cash payments	(9.6)		—		(9.6)
Balance at September 30, 2024	5.1		15.6		20.7
Charge to income	6.8		0.3		7.1
Cash payments	(7.9)		(2.0)		(9.9)
Non-cash utilization	(1.3)		(0.6)		(1.9)
Balance at September 30, 2025	2.7		13.3		16.0
Asset write-off and accelerated depreciation
Balance at October 1, 2023	—		—		—
Charge to income	—		—		—
Cash payments	—		—		—
Non-cash utilization	—		—		—
Balance at September 30, 2024	—		—		—
Charge to income	1.7		4.1		5.8
Non-cash utilization	(1.7)		(4.1)		(5.8)
Balance at September 30, 2025	—		—		—
Consulting, project implementation and management, and other exit costs
Balance at September 30, 2023	0.7		—		0.7
Charge to income	9.6		—		9.6
Cash payments	(9.6)		—		(9.6)
Balance at September 30, 2024	0.7		—		0.7
Charge to income	10.6		29.6		40.2
Cash payments	(10.6)		(28.1)		(38.7)
Non-cash utilization	(0.7)		(0.8)		(1.5)
Balance at September 30, 2025	—		0.7		0.7
Total restructuring and related activities accrual	$	2.7	$	14.0	$	16.7

See Note 21 of Notes to Consolidated Financial Statements for further information on restructuring activities.