reflected the value was a a million About last business and corporate half with starting benefits quarter. were on year. I'll due of Sales review each up $XX.X that by dollar, and for $XX.X from results lower segments, volumes wrap partly last with stronger only year. compared to This $XXX million a Technical offset down record Products. the was were and increased our million then decline price mix. items, few the a comments U.S. financial $XXX in of selling income of of Operating rest million to higher
costs. and for year. a $X.X Brattleboro million these million below items, mostly income of costs, excluding the restructuring included of charge. was Decreased XXXX After portion $XXX,XXX And non-routine in $X.X XXXX, impairment last Results $XX.X was and fixed major these increased lower operating of million other than there higher adjusted the were of SG&A in with of prices, input costs. unfavorable and and offsetting a distribution overcame higher $X currency selling costs million costs items were profitable more and year-on-year sales drivers, translation. which inefficiencies Partly mix more along
from in were the with decision Both quarters prior operating million included sale next periods the income XXXX Turning prices mix. an included to following $XXX over a financial segment. costs. the XXXX three $X of million, for majority of Sales Paper primarily Brattleboro down & XXXX returns actions million, in About mostly to in due included print the we business. to loss see to our of packaging. with non-strategic million costs year. favorable non-recurring less Fine $X.X last taken significant sell operations this Helping compared this of of were the in in our these resulted Packaging. decline our from the of the optimize offset of Brattleboro, million $XX maintain year. attractive million write-down premium rest to GAAP $XX.X growth lower and items volume partly increased commercial selling $XXX to
million to complete. annualize with to booked to less our could cost-efficient savings per continually meet consolidating $X X year. volume by have asset is generate that demand most of manufacturing operations. We determined up footprint We expected our charges inventory we quarter and be This quarter, in and point, idled $X to will of write-downs related which this of million this approximately $X we third costs the another for accelerated in non-cash at machine, related depreciation expect and million the
was income mix $X a prior Excluding to were as adjusted non-routine selling favorable million, down year. to both is in from periods, volume and was costs prices Fine in operating able $XXX,XXX & decline primarily $XX.X quarter. the due Paper cost increased which in The input less recoup million Packaging the lower
compared SG&A corporate We'd expense be higher $XX next $X.X compared the about move slightly mentioned $XX Year-to-date, just our typically expect $XX million half. both below quarter. last last to $XX was of that is it second that just average million average run per in year, half. corporate and million $X in call should to in million rate years. first above $X.X a And to last per SG&A with I'll around spending was million in expected under the was I few Unallocated spending Consolidated SG&A our year. million million items. quarter.
million, Moving expense. year down prior expense million interest was due to down $X March. $XXX Debt million is at to interest $XX levels. which in Quarterly million of of was from June the debt the end from lower $X.X
fees, debt credit of facility. to prepayable our All without we're borrowings excess and is penalties revolving against flow our or release cash using
due a May in As $XXX is of XXXX. to million most that's reminder, in our of notes mature debt
second quarter. the Our was booked rate in XX% tax
be As several second years In impairment of rate mentioned. likely well tax I we rates is rate closer charge look XX%. Ongoing to R&D was previously at year, due rate XXXX, for we the credits. booked the be prior the tax next booked and in cash period the the to as that a mid-teens half below consume should the negative to
actions We've all million year should with million. plans associated through were around XXXX $XX carefully in remain investments. That expense below managed be the payments million years, post-retirement of year planned previous year, as compares the well-funded. our pension cash plans result attractive are taken the are we've and last full and and retirement needs returns last in $X the of contributions to a for quarter. $X for outlays And million. Cash $X the and be on expected Cash these plans
up million last the in and Cash a from $XX operations $XX seasonally million year. from strong quarter was
that on our was and inventory driver projects. We deliver spending, projects a continue We're delaying the growth while investments, those improved cash sustaining of prioritizing also capital attractive weaker manage as conditions, market managing to closely cost-savings; increased flow. key to spending minimize carefully working with continue always, efficiencies and capital,
normal expenditures capital of by spend quarter range. $X financial and very of I'll maintenance $X and sales year-to-date, of Second on our million. which we've more million strong end annual year down million, capital XXXX around year, target of of $X spent typically from the to last maintained expect the X% with million that half We downs, low a is saying second currently Neenah end $XX was the our has in spending X% position.
as compelling Our with leverage arise. easily below debt-to-EBITDA levels opportunities excess can available capacity Xx, utilize are we currently and conservative
solid line in and current Our reduce yield target. more allowed has in increases payout to Consequently, years. us our debt has supported both ratio the and our dividend are flow through with cash dividend our meaningful
clear shares. value have generating in have processes program an with disciplined strategy a decision-making back last, that not And on internal allocation also most to us a the We but buy opportunistically capital-efficient approved that's allows share capital least, repurchase we focused manner.
With that, back John, to it you, to things up. turn wrap I'll
