RESTRUCTURING CHARGES

9 Months Ended

Jul. 31, 2022

Restructuring and Related Activities [Abstract]

The following is a reconciliation of the beginning and ending restructuring reserve balances for the nine months ended July 31, 2022:


(in millions)	Employee Separation Costs		Other Costs		Total
Balance at October 31, 2021	$	18.6	$	1.7	$	20.3
Costs incurred and charged to expense	5.2		5.1		10.3
Costs paid or otherwise settled	(12.2)		(5.7)		(17.9)
Balance at July 31, 2022	$	11.6	$	1.1	$	12.7

The focus for restructuring activities in 2022 is to optimize operations and close under-performing assets.

During the three months ended July 31, 2022, the Company recorded restructuring charges of $3.1 million, as compared to $3.7 million of restructuring charges recorded during the three months ended July 31, 2021. The restructuring activity for the three months ended July 31, 2022 consisted of $1.3 million in employee separation costs and $1.8 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities.

During the nine months ended July 31, 2022, the Company recorded restructuring charges of $10.3 million, as compared to $18.8 million of restructuring charges recorded during the nine months ended July 31, 2021. The restructuring activity for the nine months ended July 31, 2022 consisted of $5.2 million in employee separation costs and $5.1 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities.

The following is a reconciliation of the total amounts expected to be incurred from open restructuring plans or plans that are being formulated and have not been announced as of the filing date of this Form 10-Q. Remaining amounts expected to be incurred were $10.5 million as of July 31, 2022:


(in millions)	Total Amounts Expected to be Incurred		Amounts Incurred During the Nine Months Ended July 31, 2022		Amounts Remaining to be Incurred
Global Industrial Packaging
Employee separation costs	$	9.5	$	3.7	$	5.8
Other restructuring costs	4.6		2.6		2.0
	14.1		6.3		7.8
Paper Packaging & Services
Employee separation costs	2.5		1.5		1.0
Other restructuring costs	4.2		2.5		1.7
	6.7		4.0		2.7




	$	20.8	$	10.3	$	10.5