Restructuring

3 Months Ended

Dec. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

In 2023, we initiated restructuring actions in relation to portfolio shaping activities which contains certain elements, primarily retention agreements, that will continue through 2027 and could result in additional costs of up to approximately $10,400.

Restructuring activity for severance and other costs by segment and reconciliation to consolidated amounts is as follows:

	Space and Defense		Military Aircraft		Industrial		Total
Balance at October 1, 2023	$	1,622	$	347	$	8,208	$	10,177
Charged to expense - 2023 plan	—		—		1,889		1,889
Adjustments to provision	(155)		—		(11)		(166)
Cash payments - 2023 plan	(727)		(72)		(1,238)		(2,037)
Cash payments - 2022 plan	—		—		(79)		(79)
Cash payments - 2018 plan	—		—		(94)		(94)
Foreign currency translation	—		—		288		288
Balance at December 30, 2023	$	740	$	275	$	8,963	$	9,978

As of December 30, 2023, the restructuring accrual consists of $6,072 for the 2023 plan, $387 for the 2022 plan, $2,385 for the 2020 plan and $1,134 for the 2018 plan. Restructuring is expected to be paid within a year, except portions classified as long-term liabilities based on the nature of the reserve.