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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Taxes [Abstract]

Schedule Of Income Tax Expense


		SBH									SB/RH
(in millions)		2018			2017			2016			2018			2017			2016
United States		$	(180.5)		$	(72.3)		$	(25.5)		$	(14.7)		$	129.1		$	202.4
Outside the United States			24.2			41.2			34.7			24.2			41.3			34.3
(Loss) income from operations before income taxes		$	(156.3)		$	(31.1)		$	9.2		$	9.5		$	170.4		$	236.7



Schedule Of Components Of Income Tax Expense


		SBH									SB/RH
(in millions)		2018			2017			2016			2018			2017			2016
Current tax expense:
U.S. Federal		$	57.5		$	6.6		$	0.1		$	57.9		$	3.9		$	2.1
Foreign			19.7			9.1			10.6			19.7			9.1			10.1
State and local			1.1			0.5			4.5			1.0			0.5			4.4
Total current tax expense			78.3			16.2			15.2			78.6			13.5			16.6
Deferred tax (benefit) expense:
U.S. Federal			(524.0)			39.5			(55.2)			(154.9)			45.2			(37.7)
Foreign			1.1			(10.5)			(19.6)			1.1			(10.5)			(19.6)
State and local			(16.1)			(7.1)			1.2			0.4			(6.9)			1.7
Total deferred tax (benefit) expense			(539.0)			21.9			(73.6)			(153.4)			27.8			(55.6)
Income tax (benefit) expense		$	(460.7)		$	38.1		$	(58.4)		$	(74.8)		$	41.3		$	(39.0)



Schedule Of Reconciliation Of Income Tax Expense


		SBH									SB/RH
(in millions)		2018			2017			2016			2018			2017			2016
U.S. Statutory federal income tax expense		$	(38.3)		$	(10.9)		$	3.2		$	2.3		$	59.6		$	82.9
Permanent items			16.1			2.7			9.9			5.0			(1.3)			6.1
Goodwill impairment			22.6			—			—			22.6			—			—
Foreign statutory rate vs. U.S. statutory rate			(0.2)			(18.8)			(14.9)			(0.2)			(18.8)			(14.9)
State income taxes, net of federal effect			(1.9)			2.4			12.2			(0.9)			2.5			4.6
Tax reform act - US rate change			(166.7)			—			—			(181.7)			—			—
Tax reform act - mandatory repatriation			73.1			—			—			73.1			—			—
Residual tax on foreign earnings			5.8			(4.0)			8.3			5.8			(4.0)			8.3
Benefit from adjustment to tax basis in assets			—			—			(8.5)			—			—			(8.5)
Change in valuation allowance			(363.8)			81.5			(65.0)			1.5			22.5			(102.1)
Unrecognized tax expense			2.1			4.0			5.6			2.1			4.0			5.5
Foreign tax law changes			—			—			(3.7)			—			—			(3.7)
Share based compensation adjustments			(7.4)			(4.8)			0.5			(2.4)			(0.3)			1.1
Impact of IRC Section 9100 relief			—			—			(16.4)			—			—			(16.4)
Research and development tax credits			(1.5)			(6.6)			—			(1.5)			(6.6)			—
Outside basis difference			—			4.6			6.4			—			—			—
Return to provision adjustments and other, net			(0.6)			(12.0)			4.0			(0.5)			(16.3)			(1.9)
Income tax (benefit) expense		$	(460.7)		$	38.1		$	(58.4)		$	(74.8)		$	41.3		$	(39.0)



Schedule Of Deferred Tax Assets and Deferred Tax Liabilities


		SBH						SB/RH
(in millions)		2018			2017			2018			2017
Deferred tax assets
Employee benefits		$	26.0		$	57.9		$	24.4		$	49.9
Restructuring			0.5			0.4			0.5			0.4
Inventories and receivables			26.8			35.4			26.8			35.4
Marketing and promotional accruals			9.9			15.8			9.9			15.8
Property, plant and equipment			32.1			31.4			31.2			30.9
Unrealized losses			7.1			16.7			7.1			16.7
Intangibles			14.3			8.5			14.3			8.5
Investment in subsidiaries			16.9			49.4			0.3			0.4
Net operating loss and credit carry forwards			798.2			1,033.3			313.7			376.2
Other			19.3			29.0			9.1			16.1
Total deferred tax assets			951.1			1,277.8			437.3			550.3
Deferred tax liabilities
Property, plant and equipment			54.8			34.0			54.8			34.0
Unrealized gains			7.3			5.7			7.3			5.7
Intangibles			457.0			662.8			457.0			662.8
Investment in partnership			52.0			91.5			52.0			91.5
Taxes on unremitted foreign earnings			6.2			2.8			6.2			2.8
Redemption of long term debt			—			8.4			—			—
Other			6.9			2.4			6.9			1.5
Total deferred tax liabilities			584.2			807.6			584.2			798.3
Net deferred tax liabilities			366.9			470.2			(146.9)			(248.0)
Valuation allowance			(283.0)			(946.7)			(178.8)			(243.5)
Net deferred tax liabilities, net valuation allowance		$	83.9		$	(476.5)		$	(325.7)		$	(491.5)
Reported as:
Deferred charges and other		$	118.9		$	16.7		$	5.4		$	1.7
Deferred taxes (noncurrent liability)			35.0			493.2			331.1			493.2



Schedule Of Unrecognized Tax Benefits


(in millions)		2018			2017			2016
Unrecognized tax benefits, beginning of year		$	20.9		$	16.5		$	12.4
Gross increase – tax positions in prior period			1.6			4.0			4.0
Gross decrease – tax positions in prior period			(7.8)			(0.5)			(0.4)
Gross increase – tax positions in current period			2.6			1.2			1.2
Settlements			(0.4)			—			(0.7)
Lapse of statutes of limitations			(0.2)			(0.3)			—
Unrecognized tax benefits, end of year		$	16.7		$	20.9		$	16.5



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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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