Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 206

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 8
Chunk 206
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 included Strategic reorganization and other charges of $15.8 million primarily related to the leadership transition, certain transaction-related expenses, non-cash asset impairment, cybersecurity incidents expense, and severance.  During fiscal year 2023, we incurred $10.2 million of Strategic reorganization and other charges primarily related to the leadership transition, severance, and certain transaction-related expenses.

F- 33

Table of ContentsIndex to Financial Statements

Activity in accrued restructuring, reported within Other current liabilities, is presented below:202520242023(in millions)Balance at beginning of year$3.4 $6.6 $3.3    Expenses incurred8.8 15.8 10.2    Amounts paid and other adjustments, net(11.1)(19.0)(6.9)Balance at end of year$1.1 $3.4 $6.6 Selected supplemental statement of operations information is presented below: 202520242023(in millions)Included in selling, general and administrative expenses:Research and development$19.9 $20.5 $25.9 Advertising$4.6 $5.8 $4.7 Interest expense, net:4.0% Senior Notes$18.0 $18.0 $18.0 Deferred financing costs amortization1.0 1.0 1.0 ABL Agreement0.8 0.9 0.9    Capitalized interest(0.5)(0.1)(1.6)Other interest expense0.7 1.7 0.1 Total interest expense20.0 21.5 18.4 Interest income(13.4)(8.8)(3.7)Net interest expense$6.6 $12.7 $14.7 

Note 13.    Accumulated Other Comprehensive Loss 

Accumulated other comprehensive income (loss) is as follows:Foreign currency translation, net of income taxPension actuarial amortization, net of income taxTotal(in millions)Balance as of September 30, 2023$(20.2)$(28.5)$(48.7)Other comprehensive income9.1 8.8 17.9 Balance as of September 30, 2024(11.1)(19.7)(30.8)Other comprehensive income21.4 4.8