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Condensed Consolidated Statements of Cash Flows - SB/RH - USD ($)
$ in Millions
6 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Cash flows from operating activities    
Net income $ 24.6 $ 108.6
Income from discontinued operations, net of tax 79.9 97.5
Net (loss) income from continuing operations (55.3) 11.1
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 51.1 57.2
Share based compensation 12.2 13.7
Gain on equity investment 0.0 (6.9)
Amortization of debt issuance costs and debt discount 3.1 2.9
Write-off of unamortized discount and debt issuance costs 0.0 7.9
Non-cash purchase accounting adjustments 3.5 3.4
Deferred tax benefit (43.7) (27.1)
Net changes in operating assets and liabilities (183.1) (169.3)
Net cash used by operating activities from continuing operations (212.2) (107.1)
Net cash provided by operating activities from discontinued operations 5.3 27.3
Net cash used by operating activities (206.9) (79.8)
Cash flows from investing activities    
Purchases of property, plant and equipment (24.3) (16.6)
Proceeds from disposal of property, plant and equipment 0.1 0.0
Business acquisitions, net of cash acquired (314.3) (129.8)
Proceeds from sale of equity investment 0.0 73.1
Other investing activity (0.1) (0.3)
Net cash used by investing activities from continuing operations (338.6) (73.6)
Net cash used by investing activities from discontinued operations (12.4) (11.5)
Net cash used by investing activities (351.0) (85.1)
Cash flows from financing activities    
Payment of debt (6.5) (879.6)
Proceeds from issuance of debt 775.0 899.0
Payment of debt issuance costs (6.7) (12.6)
Net cash provided (used) by financing activities from continuing operations 568.9 (78.1)
Net cash used by financing activities from discontinued operations (2.2) (2.0)
Net cash provided (used) by financing activities 566.7 (80.1)
Effect of exchange rate changes on cash and cash equivalents (3.0) 3.4
Net change in cash, cash equivalents and restricted cash in continuing operations 5.8 (241.6)
Cash, cash equivalents, and restricted cash, beginning of period 190.0 533.8
Cash, cash equivalents, and restricted cash, end of period 195.8 292.2
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.5 0.6
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 50.9 58.4
Cash paid for taxes associated with continued operations 19.0 11.5
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 30.2 36.7
Cash paid for taxes associated with continued operations 10.1 8.6
SB/RH    
Cash flows from operating activities    
Net income 25.2 109.6
Income from discontinued operations, net of tax 79.9 97.6
Net (loss) income from continuing operations (54.7) 12.0
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 51.1 57.2
Share based compensation 11.8 13.1
Gain on equity investment 0.0 (6.9)
Amortization of debt issuance costs and debt discount 3.1 2.9
Write-off of unamortized discount and debt issuance costs 0.0 7.9
Non-cash purchase accounting adjustments 3.5 3.4
Deferred tax benefit (43.3) (26.8)
Net changes in operating assets and liabilities (216.1) (176.4)
Net cash used by operating activities from continuing operations (244.6) (113.6)
Net cash provided by operating activities from discontinued operations 5.3 27.4
Net cash used by operating activities (239.3) (86.2)
Cash flows from investing activities    
Purchases of property, plant and equipment (24.3) (16.6)
Proceeds from disposal of property, plant and equipment 0.1 0.0
Business acquisitions, net of cash acquired (314.3) (129.8)
Proceeds from sale of equity investment 0.0 73.1
Other investing activity (0.1) (0.3)
Net cash used by investing activities from continuing operations (338.6) (73.6)
Net cash used by investing activities from discontinued operations (12.4) (11.5)
Net cash used by investing activities (351.0) (85.1)
Cash flows from financing activities    
Payment of debt (6.5) (879.6)
Proceeds from issuance of debt 775.0 899.0
Payment of debt issuance costs (6.7) (12.6)
Payment of cash dividends to parent (160.4) (76.2)
Net cash provided (used) by financing activities from continuing operations 601.4 (69.4)
Net cash used by financing activities from discontinued operations (2.2) (2.0)
Net cash provided (used) by financing activities 599.2 (71.4)
Effect of exchange rate changes on cash and cash equivalents (3.0) 3.4
Net change in cash, cash equivalents and restricted cash in continuing operations 5.9 (239.3)
Cash, cash equivalents, and restricted cash, beginning of period 188.3 529.8
Cash, cash equivalents, and restricted cash, end of period 194.2 290.5
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.5 0.6
SB/RH | Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 50.9 58.4
Cash paid for taxes associated with continued operations 19.0 11.5
SB/RH | Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 30.2 36.7
Cash paid for taxes associated with continued operations $ 10.1 $ 8.6