BUSINESS SEGMENT INFORMATION (Tables)

11 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Revenue from External Customers by Geographic Areas

The following table presents reportable segment information for the year ended September 30, 2025 (11-month):

	Year Ended September 30, 2025 (11-month)
(in millions)	Customized Polymer Solutions		Durable Metal Solutions		Sustainable Fiber Solutions		Integrated Solutions		Consolidated
Net sales by geographic area:
United States*	$	496.3	$	251.8	$	1,051.9	$	225.9	$	2,025.9
Europe, Middle East and Africa	467.4		798.8		0.9		42.6		1,309.7
Asia Pacific and Other Americas	205.9		317.6		44.1		29.9		597.5
Net sales	1,169.6		1,368.2		1,096.9		298.4		3,933.1
Costs of products sold	915.9		1,085.7		846.9		213.1		3,061.6
Selling, general and administrative expenses	207.2		167.3		154.0		73.4		601.9
Acquisition and integration related costs	7.1		—		—		—		7.1
Restructuring and other charges	9.6		12.5		36.4		4.1		62.6
Non-cash asset impairment charges	3.1		2.3		31.8		0.7		37.9
(Gain) loss on disposal of properties, plants and equipment, net	(0.2)		(7.6)		0.3		—		(7.5)
Loss on disposal of businesses, net	—		—		0.5		1.4		1.9
Operating profit	26.9		108.0		27.0		5.7		167.6
* The United States is the only country material to present individually. All other countries have been aggregated into regions.

The following table presents reportable segment information for the year ended October 31, 2024:

	Year Ended October 31, 2024
(in millions)	Customized Polymer Solutions		Durable Metal Solutions		Sustainable Fiber Solutions		Integrated Solutions		Consolidated
Net sales by geographic area:
United States*	$	508.8	$	314.7	$	1,188.4	$	300.6	$	2,312.5
Europe, Middle East and Africa	438.2		905.1		0.7		44.0		1,388.0
Asia Pacific and Other Americas	188.1		382.3		53.2		30.8		654.4
Net sales	1,135.1		1,602.1		1,242.3		375.4		4,354.9
Costs of products sold	912.4		1,282.9		994.3		266.2		3,455.8
Selling, general and administrative expenses	164.0		183.7		161.7		80.5		589.9
Acquisition and integration related costs	17.2		—		1.3		—		18.5
Restructuring and other charges	2.3		3.0		(0.8)		0.9		5.4
Non-cash asset impairment charges	0.3		0.4		1.7		0.2		2.6
Gain on disposal of properties, plants and equipment, net	(0.2)		(2.8)		(3.4)		(2.7)		(9.1)
Gain on disposal of businesses, net	—		—		—		(46.0)		(46.0)
Operating profit	39.1		134.9		87.5		76.3		337.8
* The United States is the only country material to present individually. All other countries have been aggregated into regions.

The following table presents reportable segment information for the year ended October 31, 2023:

	Year Ended October 31, 2023
(in millions)	Customized Polymer Solutions		Durable Metal Solutions		Sustainable Fiber Solutions		Integrated Solutions		Consolidated
Net sales by geographic area:
United States*	$	442.3	$	336.4	$	1,254.4	$	255.9	$	2,289.0
Europe, Middle East and Africa	380.1		893.4		0.6		36.8		1,310.9
Asia Pacific and Other Americas	94.7		401.9		52.9		25.9		575.4
Net sales	917.1		1,631.7		1,307.9		318.6		4,175.3
Costs of products sold	706.3		1,323.1		988.4		228.9		3,246.7
Selling, general and administrative expenses	110.8		166.5		167.5		65.5		510.3
Acquisition and integration related costs	10.8		—		8.2		—		19.0
Restructuring and other charges	2.1		1.7		12.5		2.4		18.7
Non-cash asset impairment charges	0.1		1.8		17.7		0.7		20.3
Loss (gain) on disposal of properties, plants and equipment, net	0.2		(4.5)		2.1		(0.3)		(2.5)
Gain on disposal of businesses, net	(9.4)		—		(54.6)		—		(64.0)
Operating profit	96.2		143.1		166.1		21.4		426.8
* The United States is the only country material to present individually. All other countries have been aggregated into regions.

Schedule of Segment Information

The following table presents additional reportable segment information:

	11 Months		12 Months		12 Months
	September 30,		October 31,		October 31,
Year Ended (in millions)	2025		2024		2023
Depreciation, depletion and amortization expense:
Customized Polymer Solutions	$	86.3	$	79.3	$	47.4
Durable Metal Solutions	25.6		29.1		28.7
Sustainable Fiber Solutions	91.8		106.6		109.4
Integrated Solutions	9.0		12.7		12.5
Total depreciation, depletion and amortization expense	$	212.7	$	227.7	$	198.0
Capital expenditures:
Customized Polymer Solutions	$	37.3	$	46.1	$	37.7
Durable Metal Solutions	19.2		25.7		32.1
Sustainable Fiber Solutions	44.4		44.8		70.2
Integrated Solutions	5.2		5.9		12.1
Total segment	106.1		122.5		152.1
Corporate and other	1.4		1.8		18.0
Total capital expenditures	$	107.5	$	124.3	$	170.1

Schedule of Properties, Plants and Equipment, Net by Geographical Area

The following table presents total assets by reportable segment and total long lived assets, net by geographic area:

(in millions)	September 30, 2025		October 31, 2024
Assets:
Customized Polymer Solutions	$	1,872.9	$	1,818.7
Durable Metal Solutions	1,184.3		1,183.8
Sustainable Fiber Solutions	1,848.1		2,788.8
Integrated Solutions	403.2		403.1
Total segment	5,308.5		6,194.4
Corporate and other*	458.3		453.2
Total assets	$	5,766.8	$	6,647.6
*Corporate and other assets held at corporate level or used by corporate functions that are not directly attributable to reportable segments.
Property, plant and equipment, net and lease right-of-use assets:
United States*	$	814.7	$	1,119.9
Europe, Middle East and Africa	392.2		373.7
Asia Pacific and other Americas	148.9		146.0
Total properties, plants and equipment, net	$	1,355.8	$	1,639.6
*The United States is the only country material to present individually. All other countries have been aggregated into regions.