Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 474

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 474
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 Sheet Information 

Selected supplemental balance sheet information is presented below: September 30,  20252024 (in millions)Inventories, net:Purchased components and raw materials$169.5 $163.6 Work in process67.5 65.8 Finished goods91.7 72.3      Total inventories, net$328.7 $301.7 Other current assets:Prepaid expenses$20.8 $17.2 Other current assets36.0 20.7       Total other current assets$56.8 $37.9 Property, plant and equipment, net:Land$6.5 $6.5 Buildings133.6 126.6 Machinery and equipment590.3 550.4 Construction in progress53.7 45.2      Total property, plant and equipment784.1 728.7 Accumulated depreciation(448.4)(409.9)     Total property, plant and equipment, net$335.7 $318.8 Other current liabilitiesCompensation and benefits$61.3 $58.3 Customer rebates19.9 16.9 Warranty accrual10.6 13.3 Other current liabilities62.9 58.8 Total other current liabilities$154.7 $147.3 

Note 12.    Supplemental Statement of Operations Information 

In the year ended September 30, 2025, we incurred $8.8 million of Strategic reorganization and other charges primarily related to our leadership transition, certain transaction-related expenses, severance, and non-cash asset impairment.  Fiscal year 2024 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