Restructuring and Other Costs (Tables)

6 Months Ended

Mar. 31, 2022

Restructuring And Other Costs [Abstract]

Schedule of Restructuring and Other Costs

The following table summarizes our Restructuring and other costs (in millions):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Restructuring	$	362.9	$	4.1	$	365.0	$	10.7
Other		0.5		1.1		0.7		2.2
Restructuring and other costs	$	363.4	$	5.2	$	365.7	$	12.9

Schedule of Restructuring Charges Related to Active Restructuring Initiatives

The following table presents a summary of restructuring charges related to active restructuring initiatives that we incurred during the three and six months ended March 31, 2022 and 2021, the cumulative recorded amount since we started the initiatives and our estimate of the total we expect to incur (in millions):

	Three Months Ended					Six Months Ended
	March 31,					March 31,
	2022		2021			2022		2021			Cumulative		Total Expected
Corrugated Packaging
PP&E and related costs	$	—	$	—		$	—	$	—		$	3.6	$	3.6
Severance and other employee costs		4.4		(0.3	)		4.0		(1.0	)		32.7		32.7
Other restructuring costs		0.1		0.4			0.4		1.3			10.6		19.5
Restructuring total	$	4.5	$	0.1		$	4.4	$	0.3		$	46.9	$	55.8
Consumer Packaging
PP&E and related costs	$	—	$	—		$	—	$	0.2		$	3.3	$	3.3
Severance and other employee costs		1.3		2.3			3.1		5.8			33.3		33.3
Other restructuring costs		0.1		0.9			0.1		1.9			10.6		10.6
Restructuring total	$	1.4	$	3.2		$	3.2	$	7.9		$	47.2	$	47.2
Paper
PP&E and related costs	$	344.4	$	—		$	344.4	$	—		$	395.6	$	395.6
Severance and other employee costs		10.7		—			10.7		—			17.4		19.5
Other restructuring costs		—		0.1			—		0.1			21.0		101.0
Restructuring total	$	355.1	$	0.1		$	355.1	$	0.1		$	434.0	$	516.1
Corporate
PP&E and related costs	$	0.3	$	—		$	1.2	$	—		$	10.1	$	10.1
Severance and other employee costs		—		(0.7	)		—		0.9			59.5		59.5
Other restructuring costs		1.6		1.4			1.1		1.5			0.3		0.3
Restructuring total	$	1.9	$	0.7		$	2.3	$	2.4		$	69.9	$	69.9
Total (1)
PP&E and related costs	$	344.7	$	—		$	345.6	$	0.2		$	412.6	$	412.6
Severance and other employee costs		16.4		1.3			17.8		5.7			142.9		145.0
Other restructuring costs		1.8		2.8			1.6		4.8			42.5		131.4
Restructuring total	$	362.9	$	4.1		$	365.0	$	10.7		$	598.0	$	689.0

(1)The Cumulative and Total Expected columns each exclude approximately $2 million for aggregate Land and Development segment and Distribution segment restructuring charges that were incurred in prior periods since the table includes no current year or prior year period activity for those segments.

Schedule of Acquisition, Integration and Divestiture Costs

The following table presents our acquisition, integration and divestiture costs (in millions):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Acquisition costs	$	0.2	$	0.5	$	0.4	$	0.7
Integration costs		0.2		0.4		0.2		1.3
Divestiture costs		0.1		0.2		0.1		0.2
Other total	$	0.5	$	1.1	$	0.7	$	2.2

Schedule of Changes in Restructuring Accrual and Reconciliation of Accrual Charges

The following table summarizes the changes in the restructuring accrual, which is primarily composed of accrued severance and other employee costs, and a reconciliation of the restructuring accrual charges to the line item “Restructuring and other costs” on our condensed consolidated statements of income (in millions):

	Six Months Ended
	March 31,
	2022			2021
Accrual at beginning of fiscal year	$	13.4		$	17.2
Additional accruals		17.6			8.3
Payments		(4.0	)		(10.4	)
Adjustment to accruals		(0.3	)		(2.5	)
Foreign currency rate changes and other		—			0.1
Accrual at March 31	$	26.7		$	12.7

Reconciliation of accruals and charges to restructuring and other costs (in millions):

	Six Months Ended
	March 31,
	2022		2021
Additional accruals and adjustments to accruals    (see table above)	$	17.3	$	5.8
PP&E and related costs		345.6		0.2
Severance and other employee costs		0.5		0.1
Acquisition costs		0.4		0.7
Integration costs		0.2		1.3
Divestiture costs		0.1		0.2
Other restructuring costs		1.6		4.6
Total restructuring and other costs	$	365.7	$	12.9