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Condensed Consolidated Statements of Income - SB/RH - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Mar. 31, 2024
Apr. 02, 2023
Net sales $ 718.5 $ 729.2 $ 1,410.7 $ 1,442.5
Cost of goods sold 445.1 514.7 892.3 1,026.1
Gross profit 273.4 214.5 518.4 416.4
Selling, general & administrative 223.5 224.5 439.4 448.1
Impairment of intangible assets 39.0 67.0 43.0 67.0
Representation and warranty insurance proceeds (65.0) 0.0 (65.0) 0.0
Gain from remeasurement of contingent consideration liability 0.0 0.0 0.0 (1.5)
Total operating expenses 197.5 291.5 417.4 513.6
Operating income (loss) 75.9 (77.0) 101.0 (97.2)
Interest expense 16.9 31.6 36.1 65.0
Interest income (17.5) (0.2) (40.9) (0.4)
Gain from debt repurchase 0.0 0.0 (4.7) 0.0
Other non-operating expense, net 1.1 1.4 5.2 0.1
Income (loss) from continuing operations before income taxes 75.4 (109.8) 105.3 (161.9)
Income tax expense (benefit) 25.5 (34.8) 37.9 (46.9)
Net income (loss) from continuing operations 49.9 (75.0) 67.4 (115.0)
Income from discontinued operations, net of tax 11.0 21.4 22.7 40.9
Net income (loss) 60.9 (53.6) 90.1 (74.1)
Net (loss) income from continuing operations attributable to non-controlling interest (0.2) 0.1 (0.1) 0.3
Income from discontinued operations attributable to non-controlling interest, net of tax 0.0 0.0 0.0 0.2
Net income (loss) attributable to controlling interest 61.1 (53.7) 90.2 (74.6)
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 50.1 (75.1) 67.5 (115.3)
Income from discontinued operations attributable to controlling interest, net of tax 11.0 21.4 22.7 40.7
Net income (loss) attributable to controlling interest 61.1 (53.7) 90.2 (74.6)
SB/RH        
Net sales 718.5 729.2 1,410.7 1,442.5
Cost of goods sold 445.1 514.7 892.3 1,026.1
Gross profit 273.4 214.5 518.4 416.4
Selling, general & administrative 222.9 223.8 438.4 447.4
Impairment of intangible assets 39.0 67.0 43.0 67.0
Representation and warranty insurance proceeds (65.0) 0.0 (65.0) 0.0
Gain from remeasurement of contingent consideration liability 0.0 0.0 0.0 (1.5)
Total operating expenses 196.9 290.8 416.4 512.9
Operating income (loss) 76.5 (76.3) 102.0 (96.5)
Interest expense 16.9 31.7 36.1 65.1
Interest income (17.5) (0.2) (40.9) (0.4)
Gain from debt repurchase 0.0 0.0 (4.7) 0.0
Other non-operating expense, net 1.1 1.4 5.2 0.1
Income (loss) from continuing operations before income taxes 76.0 (109.2) 106.3 (161.3)
Income tax expense (benefit) 25.6 (34.0) 37.8 (46.3)
Net income (loss) from continuing operations 50.4 (75.2) 68.5 (115.0)
Income from discontinued operations, net of tax 11.0 21.9 22.7 41.4
Net income (loss) 61.4 (53.3) 91.2 (73.6)
Net (loss) income from continuing operations attributable to non-controlling interest (0.2) 0.1 (0.1) 0.3
Income from discontinued operations attributable to non-controlling interest, net of tax 0.0 0.0 0.0 0.2
Net income (loss) attributable to controlling interest 61.6 (53.4) 91.3 (74.1)
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 50.6 (75.3) 68.6 (115.3)
Income from discontinued operations attributable to controlling interest, net of tax 11.0 21.9 22.7 41.2
Net income (loss) attributable to controlling interest $ 61.6 $ (53.4) $ 91.3 $ (74.1)