Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 36

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 costs of approximately $4 million and other closure costs of approximately $8 million. The total future proceeds from the sales of the facilities and equipment are expected to be greater than the carrying values of the assets.Below is a summary of costs by line item for the Restructuring Programs:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(In millions)Cost of sales$2.9 $— $5.7 $— Other operating expense, net12.7 11.5 28.2 18.2 Total$15.6 $11.5 $33.9 $18.2 Below is a summary of costs by type associated with the Restructuring Programs:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024 (In millions)Employee-related$0.3 $4.7 $10.4 $7.3 Other costs13.3 6.8 17.6 10.9 Asset-related2.0 — 5.9 — Total$15.6 $11.5 $33.9 $18.2  For the three and six months ended June 30, 2025 and 2024, employee-related costs primarily consisted of severance and retention related to restructuring programs; other costs primarily consisted of consulting services and third party costs related to facility plant closures; and asset-related costs primarily consisted of accelerated depreciation and inventory write-downs. Employee-related and other costs are primarily recognized in Other operating expense, net in the Condensed Consolidated Statements of Operations, and asset-related costs are recognized in Cost of sales and Other operating expense, net in the Condensed Consolidated Statements of Operations.The table below presents the exit cost liability related to severance activity for the Restructuring Programs as of June 30, 2025: Severance (In millions)Balance as of December 31, 2024$1.8 Expenses recognized8.6 Cash payments(5.2)Balance as of June 30, 2025$5.2  The severance liabilities are included in Accrued expenses in the Condensed Consolidated Balance Sheets.

11

TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

4. RECEIVABLES SALES