Restructuring and Other Costs, Net (Details) (USD $) | 3 Months Ended | 6 Months Ended |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | $17.20 | | $14.20 | | $22.60 | | $31.80 | |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 280.7 | | | |
Restructuring and Related Cost, Expected Cost | | | | | 282.7 | | | |
Acquisition Expenses | | | | | 10.8 | | 2.8 | |
Integration expenses | | | | | 5.9 | | 12.7 | |
Net Property, Plant and Equipment [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 1.5 | [1] | 1.7 | [1] | 1.9 | [1] | 6.6 | [1] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 47.4 | [1] | | |
Restructuring and Related Cost, Expected Cost | | | | | 47.4 | [1] | | |
Employee severance and other EE costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | -0.2 | | 1.5 | | 0.2 | | 1.3 | |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 32.4 | | | |
Restructuring and Related Cost, Expected Cost | | | | | 32.4 | | | |
Equipment and Inventory Relocation Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.5 | | 0.5 | | 0.6 | | 2.2 | |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 9.1 | | | |
Restructuring and Related Cost, Expected Cost | | | | | 9.6 | | | |
Facility Closing [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 1.2 | | 1.9 | | 2.1 | | 3.4 | |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 16 | | | |
Restructuring and Related Cost, Expected Cost | | | | | 17.4 | | | |
Other Costs Related to Restructuring and Other Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 14.2 | | 8.6 | | 17.8 | | 18.3 | |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 175.8 | | | |
Restructuring and Related Cost, Expected Cost | | | | | 175.9 | | | |
Corrugated Packaging [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 2 | [2] | 4.4 | [2] | 3 | [2] | 8.4 | [2] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 84.7 | [2] | | |
Restructuring and Related Cost, Expected Cost | | | | | 85.9 | [2] | | |
Corrugated Packaging [Member] | Net Property, Plant and Equipment [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 1 | [1],[2] | 1 | [1],[2] | 1.2 | [1],[2] | 2.5 | [1],[2] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 30.2 | [1],[2] | | |
Restructuring and Related Cost, Expected Cost | | | | | 30.2 | [1],[2] | | |
Corrugated Packaging [Member] | Employee severance and other EE costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [2] | 1.4 | [2] | 0 | [2] | 1.4 | [2] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 29.2 | [2] | | |
Restructuring and Related Cost, Expected Cost | | | | | 29.2 | [2] | | |
Corrugated Packaging [Member] | Equipment and Inventory Relocation Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.3 | [2] | 0.4 | [2] | 0.4 | [2] | 1.7 | [2] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 7.5 | [2] | | |
Restructuring and Related Cost, Expected Cost | | | | | 7.5 | [2] | | |
Corrugated Packaging [Member] | Facility Closing [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.7 | [2] | 1.4 | [2] | 1.3 | [2] | 2.5 | [2] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 12.3 | [2] | | |
Restructuring and Related Cost, Expected Cost | | | | | 13.5 | [2] | | |
Corrugated Packaging [Member] | Other Costs Related to Restructuring and Other Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [2] | 0.2 | [2] | 0.1 | [2] | 0.3 | [2] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 5.5 | [2] | | |
Restructuring and Related Cost, Expected Cost | | | | | 5.5 | [2] | | |
Consumer Packaging [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.6 | [3] | 0.1 | [3] | 1.1 | [3] | 0 | [3] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 8.1 | [3] | | |
Restructuring and Related Cost, Expected Cost | | | | | 8.1 | [3] | | |
Consumer Packaging [Member] | Net Property, Plant and Equipment [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.2 | [1],[3] | 0 | [1],[3] | 0.3 | [1],[3] | 0 | [1],[3] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 4.7 | [1],[3] | | |
Restructuring and Related Cost, Expected Cost | | | | | 4.7 | [1],[3] | | |
Consumer Packaging [Member] | Employee severance and other EE costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | -0.2 | [3] | 0 | [3] | 0.2 | [3] | -0.1 | [3] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 1.7 | [3] | | |
Restructuring and Related Cost, Expected Cost | | | | | 1.7 | [3] | | |
Consumer Packaging [Member] | Equipment and Inventory Relocation Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.2 | [3] | 0 | [3] | 0.2 | [3] | 0 | [3] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.7 | [3] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0.7 | [3] | | |
Consumer Packaging [Member] | Facility Closing [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.2 | [3] | 0.1 | [3] | 0.2 | [3] | 0.1 | [3] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.6 | [3] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0.6 | [3] | | |
Consumer Packaging [Member] | Other Costs Related to Restructuring and Other Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.2 | [3] | 0 | [3] | 0.2 | [3] | 0 | [3] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.4 | [3] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0.4 | [3] | | |
Recycling [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.8 | [4] | 1.4 | [4] | 2 | [4] | 7.6 | [4] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 25.2 | [4] | | |
Restructuring and Related Cost, Expected Cost | | | | | 26 | [4] | | |
Recycling [Member] | Net Property, Plant and Equipment [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.3 | [1],[4] | 0.7 | [1],[4] | 0.4 | [1],[4] | 4.1 | [1],[4] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 12.4 | [1],[4] | | |
Restructuring and Related Cost, Expected Cost | | | | | 12.4 | [1],[4] | | |
Recycling [Member] | Employee severance and other EE costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [4] | 0.1 | [4] | 0 | [4] | 0 | [4] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 1.3 | [4] | | |
Restructuring and Related Cost, Expected Cost | | | | | 1.3 | [4] | | |
Recycling [Member] | Equipment and Inventory Relocation Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [4] | 0.1 | [4] | 0 | [4] | 0.5 | [4] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.8 | [4] | | |
Restructuring and Related Cost, Expected Cost | | | | | 1.3 | [4] | | |
Recycling [Member] | Facility Closing [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.3 | [4] | 0.4 | [4] | 0.6 | [4] | 0.8 | [4] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 3.1 | [4] | | |
Restructuring and Related Cost, Expected Cost | | | | | 3.3 | [4] | | |
Recycling [Member] | Other Costs Related to Restructuring and Other Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0.2 | [4] | 0.1 | [4] | 1 | [4] | 2.2 | [4] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 7.6 | [4] | | |
Restructuring and Related Cost, Expected Cost | | | | | 7.7 | [4] | | |
All Other Segments [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 13.8 | [5] | 8.3 | [5] | 16.5 | [5] | 15.8 | [5] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 162.7 | [5] | | |
Restructuring and Related Cost, Expected Cost | | | | | 162.7 | [5] | | |
Acquisition, Transaction and Other Related Costs | 13.8 | | 8.3 | | 16.5 | | 15.8 | |
Acquisition Expenses | 10.3 | | 1.4 | | 10.8 | | 2.8 | |
Integration expenses | 3.5 | | 6.9 | | 5.7 | | 13 | |
All Other Segments [Member] | Net Property, Plant and Equipment [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [1],[5] | 0 | [1],[5] | 0 | [1],[5] | 0 | [1],[5] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.1 | [1],[5] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0.1 | [1],[5] | | |
All Other Segments [Member] | Employee severance and other EE costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [5] | 0 | [5] | 0 | [5] | 0 | [5] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.2 | [5] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0.2 | [5] | | |
All Other Segments [Member] | Equipment and Inventory Relocation Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [5] | 0 | [5] | 0 | [5] | 0 | [5] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0.1 | [5] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0.1 | [5] | | |
All Other Segments [Member] | Facility Closing [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 0 | [5] | 0 | [5] | 0 | [5] | 0 | [5] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 0 | [5] | | |
Restructuring and Related Cost, Expected Cost | | | | | 0 | [5] | | |
All Other Segments [Member] | Other Costs Related to Restructuring and Other Costs [Member] | | | | | | | | |
Restructuring Cost and Reserve [Line Items] | | | | | | | | |
Restructuring and other costs, net | 13.8 | [5] | 8.3 | [5] | 16.5 | [5] | 15.8 | [5] |
Restructuring and Related Cost, Cost Incurred to Date | | | | | 162.3 | [5] | | |
Restructuring and Related Cost, Expected Cost | | | | | $162.30 | [5] | | |
|
[1] | We have defined “Net Property, Plant and Equipment†as used in this Note 6 to represent property, plant and equipment impairment losses, subsequent adjustments to fair value for assets classified as held for sale, subsequent (gains) or losses on sales of property, plant and equipment and related parts and supplies, and accelerated depreciation on such assets, if any. |
[2] | The Corrugated Packaging segment current quarter and year to date charges primarily reflect on-going closure costs at previously closed facilities net of asset sales. The prior year quarter and prior year to date charges primarily reflect closure costs from one announced closure and on-going closure costs at previously closed facilities net of asset sales. The cumulative charges primarily reflect charges associated with the closure of corrugated container plants and the closure of the Matane, Quebec containerboard mill, including gains and losses associated with the sale of assets associated with the closures. We have transferred a substantial portion of each closed facility's production to our other facilities. |
[3] | The Consumer Packaging segment current quarter and year to date charges are primarily associated with on-going closure activity at previously closed facilities including the Cincinnati, OH specialty recycled paperboard mill. The prior year quarter and prior year to date charges primarily reflect on-going closure activity at two previously closed converting facilities. The cumulative charges primarily reflect charges associated with the closure of converting facilities and a specialty recycled paperboard mill. We have transferred a substantial portion of each closed facility’s production to our other facilities. |
[4] | The Recycling segment current quarter and year to date charges are primarily associated with the on-going closure costs at previously closed facilities. The prior year quarter and prior year to date charges primarily reflect charges associated with the closure of one collection facility and on-going closure costs and impairment and fair value adjustments for assets at previously closed facilities. The cumulative charges primarily reflect the charges associated with the closure of collection facilities, including gains and losses associated with the sale of assets associated with the closures. |
[5] | The expenses in the “Other†segment primarily reflect costs that we consider as Corporate, including the “Other Costs†column that primarily reflects costs incurred as a result of the completed Smurfit-Stone Acquisition, such as acquisition and integration expenses, and the proposed transaction with MeadWestvaco. Also included in the “Other†segment are insignificant costs related to our Merchandising Displays segment. The pre-tax charges in the “Other Costs†column are summarized below (in millions): AcquisitionExpenses IntegrationExpenses TotalCurrent Qtr.$10.3 $3.5 $13.8YTD Fiscal 2015$10.8 $5.7 $16.5Prior Year Qtr.$1.4 $6.9 $8.3YTD Fiscal 2014$2.8 $13.0 $15.8Acquisition expenses include expenses associated with acquisitions or other business combinations, whether consummated or not, including the proposed transaction with MeadWestvaco, as well as litigation expenses associated with acquisitions and business combinations, net of recoveries. Acquisition expenses primarily consist of advisory, legal, accounting, valuation and other professional or consulting fees. Integration expenses primarily reflect severance and other employee costs, professional services, including work being performed to facilitate acquisition / merger integration, such as information systems integration costs, lease expense and other costs. Due to the complexity and duration of the integration activities, the precise amount expected to be incurred has not been quantified above. We expect integration activities related to the Smurfit-Stone Acquisition to be completed by the end of fiscal 2015. |