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Restructuring and Asset Impairment Charges
 12 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Asset Impairment Charges Restructuring and Asset Impairment Charges
During fiscal year 2024, the Company recorded restructuring and asset impairment charges of $16.9 million as a result of actions taken to streamline operations in the Carpenter Additive business in the PEP segment. This included $15.8 million of noncash pre-tax impairment charges related to $8.8 million of property, plant, equipment and software and $7.0 million associated with a certain definite lived intangible asset. The Company also recognized $1.1 million of various personnel costs for severance payments, medical coverage and related items.

There were no restructuring and asset impairment charges for fiscal years 2023 and 2022.

The reserve balances and activity for restructuring charges at June 30, 2024 and 2023 were as follows:

 June 30,
($ in millions)20242023
Reserve balance beginning of year$— $— 
Restructuring charges excluding noncash impairments1.1 — 
Cash payments— — 
Reserve balance end of year$1.1 $—