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...All cash restructuring-related liabilities for the three months ended September 30, 2023 related to the 2022 Restructuring Plan. In connection with the 2024 Restructuring Plan, which includes any remaining restructuring activity under the original 2022 Restructuring Plan, the Company estimates that it will incur additional cash restructuring charges of...

...See Note 20, “Segment Information,” for restructuring, impairment and transaction-related charges by segment. Restructuring Charges The Company began a restructuring program in 2010 related to eliminating excess manufacturing capacity and properly aligning its cost structure and has since announced a total of 50 plant closures through June 30, 2021...

...Third quarter EPS includes $.07 in restructuring and restructuring-related charges and a $.08 gain from the sale of real estate related to the Restructuring Plan. Year-to-date EPS includes a $4.61 non-cash goodwill impairment charge, $.19 in restructuring and restructuring-related charges, $.03 from compensation costs...

...The following table provides a summary of our estimates of restructuring and restructuring related charges by major type of expense associated with the 2023 Footprint realignment plan: Total estimated amount expected to be incurred Plan expense estimates: (Dollars in millions) Restructuring charges (1) $ 4 million to $ 6 million Restructuring related...

...All cash restructuring-related liabilities for the three and six months ended December 31, 2023 related to the 2022 Restructuring Plan. Under the 2024 Restructuring Plan, which includes any remaining restructuring activity under the original 2022 Restructuring Plan, the Company estimates that it will incur additional cash restructuring charges of...

...Other Restructuring Plans The Company has entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). Expenses incurred on such programs are primarily costs to move equipment and other costs. Consolidated Restructuring Plans The total costs incurred from the beginning of the Company's 2023 Restructuring Plan and other restructuring...

...2023 Restructuring plan 2023 Footprint Realignment plan Plan expense estimates: (Dollars in millions) Restructuring charges (1) $ 12 to $ 15 $ 4 to $ 6 Restructuring related charges (2) (3) $ 3 to $ 4 $ 7 to $ 9 Total restructuring and restructuring related charges $ 15 to $ 19 $ 11 to $ 15 Other plan estimates: Expected cash...

...In connection with the initiative, we incurred restructuring charges of $22.1 million and restructuring related charges of $11.8 million in the first nine months of 2025, which were included in “Restructuring charges, net” and “Selling, general and administrative expenses” (“SG&A”), respectively, in the consolidated statements of income...

...Gross profit margin improved 440 basis 24 Table of Contents points to 30.4%, primarily driven by a decrease in restructuring and restructuring-related charges and productivity improvements, including savings from restructuring actions, partially offset by cost inflation. Molding Technology Solutions gross profit included restructuring and restructuring-related charges ($12...

...Restructuring for further information on restructuring charges. NOTE 15. RESTRUCTURING Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are...

...Restructuring for further information on restructuring charges. NOTE 15. RESTRUCTURING Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are...

...Three Months Ended June 30, Six Months Ended June 30, Incurred since inception 2025 2024 2025 2024 Restructuring costs $ 6 $ 9 $ 17 $ 31 $ 54 Restructuring-related costs 2 8 4 8 19 Total $ 8 $ 17 $ 21 $ 39 $ 73 Other Restructuring and Restructuring-Related Costs The Company also incurs other restructuring...

...Three Months Ended June 30, Six Months Ended June 30, Incurred since inception 2025 2024 2025 2024 Restructuring costs $ 6 $ 9 $ 17 $ 31 $ 54 Restructuring-related costs 2 8 4 8 19 Total $ 8 $ 17 $ 21 $ 39 $ 73 Other Restructuring and Restructuring-Related Costs The Company also incurs other restructuring...

...Three Months Ended June 30, Six Months Ended June 30, Incurred since inception 2025 2024 2025 2024 Restructuring costs $ 6 $ 9 $ 17 $ 31 $ 54 Restructuring-related costs 2 8 4 8 19 Total $ 8 $ 17 $ 21 $ 39 $ 73 Other Restructuring and Restructuring-Related Costs The Company also incurs other restructuring...

...Restructuring and Impairments Strategic Restructuring Plan In February 2024, the Company announced a strategic restructuring plan (the “Strategic Restructuring Plan”) designed to free up additional funds to invest in music and accelerate the Company’s growth for the next decade. Under the Strategic Restructuring Plan, the Company expects a reduction...

...See Note 20, “Segment Information,” for restructuring, impairment and transaction-related charges by segment. Restructuring Charges The Company began a restructuring program in 2010 related to eliminating excess manufacturing capacity and properly aligning its cost structure and has since announced a total of 50 plant closures through September 30, 2021...

...Restructuring Support Agreement and Related Agreements On January 14, 2025, the Company entered into a Restructuring Support Agreement (the “Restructuring Support Agreement”) with BEP Special Situations IV LLC (“Bluescape”), Meridian Investments Corporation (“Meridian”) and Ascend Global Investment Fund SPC, for and on behalf of Strategic SP (together with Meridian, “Ascend...

...MD&A-Results of Operations" for further discussion of the 2023 Restructuring Plan. ◦ In June 2024, we initiated a restructuring plan ("2024 Restructuring Plan," and together with 2023 Restructuring Plan, "Restructuring Plans") as part of our efforts to drive operational efficiencies, enhance returns by increasing return thresholds on new growth...

...MD&A-Results of Operations" for further discussion of the 2023 Restructuring Plan. ◦ In June 2024, we initiated a restructuring plan ("2024 Restructuring Plan," and together with 2023 Restructuring Plan, "Restructuring Plans") as part of our efforts to drive operational efficiencies, enhance returns by increasing return thresholds on new growth...

...OPERATIONAL RISK FACTORS Our 2024 Restructuring Plan may not achieve its intended outcomes, and we may incur restructuring costs, restructuring-related costs, and impairments in addition to those anticipated to be incurred in connection with our announced 2024 Restructuring Plan. In 2024, we committed to a restructuring plan (the 2024...