Restructuring and Other Costs (Tables)

9 Months Ended

Jun. 30, 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						Nine Months Ended
	June 30,						June 30,
	2022			2021			2022		2021
Restructuring	$	(1.8	)	$	7.0		$	363.2	$	17.7
Other		2.4			(0.1	)		3.1		2.1
Restructuring and other costs	$	0.6		$	6.9		$	366.3	$	19.8

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 nine months ended June 30, 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					Nine Months Ended
	June 30,					June 30,
	2022			2021		2022		2021			Cumulative		Total Expected
Corrugated Packaging
PP&E and related costs	$	0.3		$	—	$	0.3	$	—		$	3.9	$	3.9
Severance and other employee costs		0.2			0.3		4.2		(0.7	)		32.9		32.9
Other restructuring costs		0.6			1.0		1.0		2.3			11.2		17.8
Restructuring total	$	1.1		$	1.3	$	5.5	$	1.6		$	48.0	$	54.6
Consumer Packaging
PP&E and related costs	$	—		$	—	$	—	$	0.2		$	3.3	$	3.3
Severance and other employee costs		1.4			4.2		4.5		10.0			34.7		34.7
Other restructuring costs		—			1.1		0.1		3.0			10.6		10.6
Restructuring total	$	1.4		$	5.3	$	4.6	$	13.2		$	48.6	$	48.6
Global Paper
PP&E and related costs	$	(7.5	)	$	—	$	336.9	$	—		$	388.1	$	388.1
Severance and other employee costs		(0.8	)		—		9.9		—			16.5		18.7
Other restructuring costs		1.2			—		1.2		0.1			22.2		98.1
Restructuring total	$	(7.1	)	$	—	$	348.0	$	0.1		$	426.8	$	504.9
Distribution
PP&E and related costs	$	—		$	—	$	—	$	—		$	—	$	—
Severance and other employee costs		—			—		—		—			0.2		0.2
Other restructuring costs		1.0			—		1.0		—			1.0		1.0
Restructuring total	$	1.0		$	—	$	1.0	$	—		$	1.2	$	1.2
Corporate
PP&E and related costs	$	0.4		$	—	$	1.6	$	—		$	10.4	$	10.4
Severance and other employee costs		—			—		—		0.9			59.5		59.5
Other restructuring costs		1.4			0.4		2.5		1.9			1.7		1.7
Restructuring total	$	1.8		$	0.4	$	4.1	$	2.8		$	71.6	$	71.6
Total (1)
PP&E and related costs	$	(6.8	)	$	—	$	338.8	$	0.2		$	405.7	$	405.7
Severance and other employee costs		0.8			4.5		18.6		10.2			143.8		146.0
Other restructuring costs		4.2			2.5		5.8		7.3			46.7		129.2
Restructuring total	$	(1.8	)	$	7.0	$	363.2	$	17.7		$	596.2	$	680.9

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

Schedule of Acquisition, Integration and Divestiture Costs

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

	Three Months Ended					Nine Months Ended
	June 30,					June 30,
	2022		2021			2022		2021
Acquisition costs	$	1.5	$	(0.3	)	$	1.9	$	0.4
Integration costs		0.2		(0.2	)		0.4		1.1
Divestiture costs		0.7		0.4			0.8		0.6
Other total	$	2.4	$	(0.1	)	$	3.1	$	2.1

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):

	Nine Months Ended
	June 30,
	2022			2021
Accrual at beginning of fiscal year	$	13.4		$	17.2
Additional accruals		24.1			12.1
Payments		(8.2	)		(14.7	)
Adjustment to accruals		(0.8	)		(2.1	)
Foreign currency rate changes and other		(0.2	)		(1.8	)
Accrual at June 30	$	28.3		$	10.7

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

	Nine Months Ended
	June 30,
	2022		2021
Additional accruals and adjustments to accruals    (see table above)	$	23.3	$	10.0
PP&E and related costs		338.8		0.2
Severance and other employee costs		—		0.4
Acquisition costs		1.9		0.4
Integration costs		0.4		1.1
Divestiture costs		0.8		0.6
Other restructuring costs		1.1		7.1
Total restructuring and other costs	$	366.3	$	19.8