v3.20.4

Segments | 3 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Segments | SEGMENTS At December 31, 2020, the Company’s reportable segments were as follows: •Post Consumer Brands: North American RTE cereal; •Weetabix: primarily United Kingdom RTE cereal and muesli; •Foodservice: primarily egg and potato products; •Refrigerated Retail: primarily side dish, egg, cheese and sausage products; and •BellRing Brands: ready-to-drink (“RTD”) protein shakes, other RTD beverages, powders and nutrition bars. Due to the level of integration between the Foodservice and Refrigerated Retail segments, it is impracticable to present total assets separately for each segment. An allocation has been made between the two segments for depreciation based on inventory costing. Management evaluates each segment’s performance based on its segment profit, which for all segments excluding BellRing Brands is its earnings before income taxes and equity method earnings/loss before impairment of property, goodwill and other intangible assets, facility closure related costs, restructuring expenses, gain/loss on assets and liabilities held for sale, gain/loss on sale of businesses and facilities, gain on/adjustment to bargain purchase, interest expense and other unallocated corporate income and expenses. Segment profit for BellRing Brands, as it is a publicly-traded company, is its operating profit. The following tables present information about the Company’s reportable segments.
|  |  |  |  | Three Months Ended December 31,
|  |  |  |  |  |  | 2020 |  | 2019
Net Sales |  |  |  |  |  |  |
| Post Consumer Brands |  |  |  |  | $ | 445.0 |  |  | $ | 441.2 |
| Weetabix |  |  |  |  | 113.5 |  |  | 101.5 |
| Foodservice |  |  |  |  | 354.5 |  |  | 420.6 |
| Refrigerated Retail |  |  |  |  | 263.1 |  |  | 249.9 |
| BellRing Brands |  |  |  |  | 282.4 |  |  | 244.0 |
| Eliminations |  |  |  |  | (0.5) |  |  | (0.4) |
| Total |  |  |  |  | $ | 1,458.0 |  |  | $ | 1,456.8 |
Segment Profit |  |  |  |  |  |  |
| Post Consumer Brands |  |  |  |  | $ | 70.5 |  |  | $ | 80.6 |
| Weetabix |  |  |  |  | 28.1 |  |  | 23.7 |
| Foodservice |  |  |  |  | 10.8 |  |  | 47.0 |
| Refrigerated Retail |  |  |  |  | 33.7 |  |  | 26.0 |
| BellRing Brands |  |  |  |  | 47.8 |  |  | 49.3 |
| Total segment profit |  |  |  |  | 190.9 |  |  | 226.6 |
General corporate expenses and other |  |  |  |  | 13.8 |  |  | 27.4 |
Interest expense, net |  |  |  |  | 96.6 |  |  | 102.9 |
Loss on extinguishment of debt, net |  |  |  |  | — |  |  | 12.9 |
Income on swaps, net |  |  |  |  | (41.6) |  |  | (61.4) |
Earnings before income taxes and equity method loss |  |  |  |  | $ | 122.1 |  |  | $ | 144.8 |
Net sales by product |  |  |  |  |  |  |
| Cereal and granola |  |  |  |  | $ | 558.3 |  |  | $ | 542.5 |
| Eggs and egg products |  |  |  |  | 338.1 |  |  | 395.3 |
| Side dishes (including potato products) |  |  |  |  | 155.5 |  |  | 148.5 |
| Cheese and dairy |  |  |  |  | 62.7 |  |  | 67.6 |
| Sausage |  |  |  |  | 44.3 |  |  | 45.9 |
| Protein-based products and supplements |  |  |  |  | 282.5 |  |  | 244.1 |
| Other |  |  |  |  | 17.0 |  |  | 13.2 |
| Eliminations |  |  |  |  | (0.4) |  |  | (0.3) |
| Total |  |  |  |  | $ | 1,458.0 |  |  | $ | 1,456.8 |
Depreciation and amortization |  |  |  |  |  |  |
| Post Consumer Brands |  |  |  |  | $ | 28.2 |  |  | $ | 27.9 |
| Weetabix |  |  |  |  | 9.4 |  |  | 8.7 |
| Foodservice |  |  |  |  | 30.7 |  |  | 29.0 |
| Refrigerated Retail |  |  |  |  | 18.1 |  |  | 17.4 |
| BellRing Brands |  |  |  |  | 6.7 |  |  | 6.4 |
|  | Total segment depreciation and amortization |  |  |  |  | 93.1 |  |  | 89.4 |
| Corporate |  |  |  |  | 1.0 |  |  | 0.9 |
| Total |  |  |  |  | $ | 94.1 |  |  | $ | 90.3 |
Assets |  |  |  |  | December 31, 2020 |  | September 30, 2020
| Post Consumer Brands |  |  |  |  | $ | 3,260.5 |  |  | $ | 3,291.7 |
| Weetabix |  |  |  |  | 1,971.3 |  |  | 1,864.5 |
| Foodservice and Refrigerated Retail |  |  |  |  | 4,971.8 |  |  | 5,022.0 |
| BellRing Brands |  |  |  |  | 680.7 |  |  | 653.5 |
| Corporate |  |  |  |  | 1,256.0 |  |  | 1,315.0 |
| Total |  |  |  |  | $ | 12,140.3 |  |  | $ | 12,146.7 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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