XML 37 R10.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Income - SB/RH - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 2,918.8 $ 3,132.5 $ 2,998.1
Cost of goods sold 1,994.5 2,142.1 1,963.5
Gross profit 924.3 990.4 1,034.6
Selling 544.7 597.6 518.5
General and administrative 332.4 371.4 389.2
Research and development 22.5 26.7 29.8
Gain from remeasurement of contingent consideration liability (1.5) (28.5) 0.0
Impairment of goodwill 111.1 0.0 0.0
Impairment of intangible assets 120.7 0.0 0.0
Total operating expenses 1,129.9 967.2 937.5
Operating (loss) income (205.6) 23.2 97.1
Interest expense 127.0 99.4 116.5
Interest income (38.3) (0.6) (1.1)
Gain on debt repurchase (7.9) 0.0 0.0
Other non-operating expense (income), net 3.8 14.7 (7.2)
Loss from continuing operations before income taxes (290.2) (90.3) (11.1)
Income tax benefit (56.5) (13.3) (26.4)
Net (loss) income from continuing operations (233.7) (77.0) 15.3
Income (loss) from discontinued operations, net of tax 2,035.6 149.7 174.3
Net income 1,801.9 72.7 189.6
Net income from continuing operations attributable to non-controlling interest 0.1 0.2 0.2
Net income (loss) from discontinued operations attributable to non-controlling interest 0.3 0.9 (0.2)
Net income attributable to controlling interest 1,801.5 71.6 189.6
Amounts attributable to controlling interest      
Net (loss) income from continuing operations attributable to controlling interest (233.8) (77.2) 15.1
Net income from discontinued operations attributable to controlling interest 2,035.3 148.8 174.5
Net income attributable to controlling interest 1,801.5 71.6 189.6
SB/RH      
Net sales 2,918.8 3,132.5 2,998.1
Cost of goods sold 1,994.5 2,142.1 1,963.5
Gross profit 924.3 990.4 1,034.6
Selling 544.7 597.6 518.5
General and administrative 330.1 368.7 385.5
Research and development 22.5 26.7 29.8
Gain from remeasurement of contingent consideration liability (1.5) (28.5) 0.0
Impairment of goodwill 111.1 0.0 0.0
Impairment of intangible assets 120.7 0.0 0.0
Total operating expenses 1,127.6 964.5 933.8
Operating (loss) income (203.3) 25.9 100.8
Interest expense 120.5 99.8 116.8
Interest income (38.3) (0.6) (0.2)
Gain on debt repurchase (7.9) 0.0 0.0
Other non-operating expense (income), net 3.8 14.6 (8.1)
Loss from continuing operations before income taxes (281.4) (87.9) (7.7)
Income tax benefit (55.1) (12.9) (25.0)
Net (loss) income from continuing operations (226.3) (75.0) 17.3
Income (loss) from discontinued operations, net of tax 2,035.6 149.7 174.3
Net income 1,809.3 74.7 191.6
Net income from continuing operations attributable to non-controlling interest 0.1 0.2 0.2
Net income (loss) from discontinued operations attributable to non-controlling interest 0.3 0.9 (0.2)
Net income attributable to controlling interest 1,808.9 73.6 191.6
Amounts attributable to controlling interest      
Net (loss) income from continuing operations attributable to controlling interest (226.4) (75.2) 17.1
Net income from discontinued operations attributable to controlling interest 2,035.3 148.8 174.5
Net income attributable to controlling interest $ 1,808.9 $ 73.6 $ 191.6