Annual report pursuant to Section 13 and 15(d)

Restructuring

v3.21.2
Restructuring
12 Months Ended
Sep. 30, 2021
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
 
Hillenbrand periodically undergoes restructuring activities in order to enhance profitability through streamlined operations and an improved overall cost structure. The following schedule details the restructuring charges by reportable operating segment and the classification of those charges on the Consolidated Statements of Operations.
Year Ended September 30,
2021 2020 2019
Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total
Advanced Process Solutions
$ 9.3  $ 5.9  $ 15.2  $ 0.9  $ 3.1  $ 4.0  $ 0.7  $ 4.8  $ 5.5 
Molding Technology Solutions 4.1  1.0  5.1  2.0  2.0  4.0  —  —  — 
Batesville 0.1  1.1  1.2  —  0.7  0.7  0.5  4.2  4.7 
Corporate —  0.7  0.7  —  1.8  1.8  —  —  — 
Total $ 13.5  $ 8.7  $ 22.2  $ 2.9  $ 7.6  $ 10.5  $ 1.2  $ 9.0  $ 10.2 

The restructuring charges within the Advanced Process Solutions and Batesville reportable operating segments during 2021, 2020, and 2019 related primarily to severance costs. The restructuring charges within the Molding Technology Solutions reportable operating segment and Corporate during 2021 and 2020 were primarily related to severance costs associated with the ongoing integration of Milacron, as well as productivity initiatives within the Molding Technology Solutions reportable operating segment. At September 30, 2021, $7.6 of restructuring costs were accrued and are expected to be paid over the next twelve months.

During 2021, the Company's wholly-owned subsidiary Coperion GmbH entered into an agreement with its local works council setting forth a restructuring plan related to its manufacturing facilities in Stuttgart and Weingarten, Germany whereby certain operational functions will be shifted to the Company’s operations in Switzerland or to a third party provider (the “Plan”). As a result, the Company expects to incur severance and other related costs of approximately $12.0 to $13.0 and restructuring-related costs of $4.0 to $5.0 over the next 9 to 12 months. Substantially all of these costs will result in future cash expenditures that are expected to be substantially paid by the end of calendar year 2022. As the employees are required to render service in order to receive termination benefits, the associated liability related to the Plan will be recognized ratably over the future service period. During the year ended September 30, 2021, the Company recognized $7.3 of expense, and these amounts were included within cost of goods sold and operating expenses in the Company's Consolidated Statements of Operations. The total liability related to the Plan was $5.3 as of September 30, 2021.