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Business realignment and acquisition integration charges
6 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Business realignment and acquisition integration charges Business realignment and acquisition integration charges
We incurred business realignment and acquisition integration charges in the first six months of fiscal 2023 and 2022. In both the first six months of fiscal 2023 and 2022, business realignment charges included severance costs related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity, as well as plant closures. In fiscal 2023, a majority of the business realignment charges were incurred in Europe. In fiscal 2022, a majority of the business realignment charges were incurred in North America and Europe. We believe the realignment actions will positively impact future results of operations, but will not have a material effect on liquidity and sources and uses of capital.
Business realignment charges by business segment are as follows:
Three Months EndedSix Months Ended
 December 31,December 31,
 2022202120222021
Diversified Industrial$4,377 $3,047 $6,389 $6,064 
Aerospace Systems1,001 598 2,850 595 
Reductions to our workforce made in connection with such business realignment charges by business segment are as follows:
Three Months EndedSix Months Ended
 December 31,December 31,
 2022202120222021
Diversified Industrial166 48 217 83 
Aerospace Systems16 
The business realignment charges are presented in the Consolidated Statement of Income as follows:
Three Months EndedSix Months Ended
 December 31,December 31,
 20222021*20222021*
Cost of sales$3,214 $946 $5,713 $1,133 
Selling, general and administrative expenses2,164 2,699 3,526 5,526 
*Prior period amounts have been reclassified to reflect the income statement reclassification as described in Note 1.
During the first six months of fiscal 2023, approximately $9 million in payments were made relating to business realignment charges. Remaining payments related to business realignment actions of approximately $8 million, a majority of which are expected to be paid by June 30, 2023, are primarily reflected within the other accrued liabilities caption in the Consolidated Balance Sheet. Additional charges may be recognized in future periods related to the business realignment actions described above, the timing and amount of which are not known at this time.
We also incurred the following acquisition integration charges:
Three Months EndedSix Months Ended
 December 31,December 31,
 2022202120222021
Diversified Industrial$1,695 $807 $1,881 $2,009 
Aerospace Systems31,723 — 43,528 — 
Charges incurred in fiscal 2023 and 2022 relate to the acquisitions of Meggitt and LORD Corporation, respectively. In both fiscal 2023 and 2022, these charges were primarily included in SG&A within the Consolidated Statement of Income.