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Guarantor Statements - SB/RH | 9 Months Ended
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Jun. 30, 2018
Guarantor Statements - SB/RH [Abstract] |
Guarantor Statements - SB/RH | NOTE 20 - GUARANTOR STATEMENTS – SB/RH ﻿ Spectrum Brands, Inc. (“SBI”) with SB/RH as a parent guarantor (collectively, the “Parent”), with SBI’s domestic subsidiaries as subsidiary guarantors, has issued the 6.625% Notes under the 2020/22 Indenture, 6.125% Notes under the 2024 Indenture, the 5.75% Notes under the 2025 Indenture and the 4.00% Notes under the 2026 Indenture. ﻿ The following consolidating financial statements illustrate the components of the consolidated financial statements of SB/RH. The ‘Parent’ consists of the financial statements of SBI as the debt issuer, with SB/RH as a parent guarantor, without consolidated entities. SB/RH financial information is not presented separately as there are no independent assets or operations and is therefore determined not to be material. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. The elimination entries presented herein eliminate investments in subsidiaries and intercompany balances and transactions.
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﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Financial Position |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿As of July 1, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Assets
﻿Cash and cash equivalents |  | $ | 2.4 |  | $ | 0.8 |  | $ | 143.7 |  | $ | — |  | $ | 146.9
﻿Trade receivables, net |  |  | 132.0 |  |  | 176.8 |  |  | 75.4 |  |  | — |  |  | 384.2
﻿Intercompany receivables |  |  | — |  |  | 1,414.2 |  |  | 323.7 |  |  | (1,737.9) |  |  | —
﻿Other receivables |  |  | 48.3 |  |  | 6.1 |  |  | 14.5 |  |  | (11.2) |  |  | 57.7
﻿Inventories |  |  | 166.9 |  |  | 246.4 |  |  | 151.7 |  |  | (18.3) |  |  | 546.7
﻿Prepaid expenses and other |  |  | 43.1 |  |  | 9.5 |  |  | 15.5 |  |  | — |  |  | 68.1
﻿Current assets of business held for sale |  |  | 1,052.2 |  |  | 83.9 |  |  | 781.1 |  |  | (4.1) |  |  | 1,913.1
﻿Total current assets |  |  | 1,444.9 |  |  | 1,937.7 |  |  | 1,505.6 |  |  | (1,771.5) |  |  | 3,116.7
﻿Property, plant and equipment, net |  |  | 174.5 |  |  | 177.3 |  |  | 142.4 |  |  | — |  |  | 494.2
﻿Long-term intercompany receivables |  |  | 310.4 |  |  | 80.0 |  |  | 11.7 |  |  | (402.1) |  |  | —
﻿Deferred charges and other |  |  | 154.7 |  |  | 2.5 |  |  | 34.4 |  |  | (147.9) |  |  | 43.7
﻿Goodwill |  |  | 568.6 |  |  | 1,463.4 |  |  | 237.4 |  |  | — |  |  | 2,269.4
﻿Intangible assets, net |  |  | 392.7 |  |  | 997.6 |  |  | 174.5 |  |  | — |  |  | 1,564.8
﻿Investments in subsidiaries |  |  | 5,044.6 |  |  | 1,382.4 |  |  | (2.8) |  |  | (6,424.2) |  |  | —
﻿Total assets |  | $ | 8,090.4 |  | $ | 6,040.9 |  | $ | 2,103.2 |  | $ | (8,745.7) |  | $ | 7,488.8
﻿Liabilities and Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current portion of long-term debt |  | $ | 14.8 |  | $ | 4.3 |  | $ | 1.8 |  | $ | (0.1) |  | $ | 20.8
﻿Accounts payable |  |  | 88.0 |  |  | 154.1 |  |  | 105.9 |  |  | — |  |  | 348.0
﻿Intercompany accounts payable |  |  | 1,738.9 |  |  | — |  |  | 1.0 |  |  | (1,739.9) |  |  | —
﻿Accrued wages and salaries |  |  | 21.8 |  |  | 3.4 |  |  | 16.0 |  |  | — |  |  | 41.2
﻿Accrued interest |  |  | 43.3 |  |  | — |  |  | — |  |  | — |  |  | 43.3
﻿Other current liabilities |  |  | 64.0 |  |  | 24.2 |  |  | 46.9 |  |  | (11.2) |  |  | 123.9
﻿Current liabilities of business held for sale |  |  | 164.6 |  |  | 1.4 |  |  | 359.3 |  |  | — |  |  | 525.3
﻿Total current liabilities |  |  | 2,135.4 |  |  | 187.4 |  |  | 530.9 |  |  | (1,751.2) |  |  | 1,102.5
﻿Long-term debt, net of current portion |  |  | 4,156.9 |  |  | 89.5 |  |  | 7.1 |  |  | — |  |  | 4,253.5
﻿Long-term intercompany debt |  |  | 11.7 |  |  | 290.9 |  |  | 97.3 |  |  | (399.9) |  |  | —
﻿Deferred income taxes |  |  | — |  |  | 422.3 |  |  | 46.5 |  |  | (153.7) |  |  | 315.1
﻿Other long-term liabilities |  |  | 68.0 |  |  | 6.2 |  |  | 39.0 |  |  | — |  |  | 113.2
﻿Total liabilities |  |  | 6,372.0 |  |  | 996.3 |  |  | 720.8 |  |  | (2,304.8) |  |  | 5,784.3
﻿Shareholder's equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other capital |  |  | 2,095.2 |  |  | 787.6 |  |  | (1,378.5) |  |  | 567.1 |  |  | 2,071.4
﻿Accumulated (deficit) earnings |  |  | (153.3) |  |  | 4,452.3 |  |  | 2,940.1 |  |  | (7,392.4) |  |  | (153.3)
﻿Accumulated other comprehensive loss |  |  | (223.5) |  |  | (195.3) |  |  | (189.1) |  |  | 384.4 |  |  | (223.5)
﻿Total shareholder's equity |  |  | 1,718.4 |  |  | 5,044.6 |  |  | 1,372.5 |  |  | (6,440.9) |  |  | 1,694.6
﻿Non-controlling interest |  |  | — |  |  | — |  |  | 9.9 |  |  | — |  |  | 9.9
﻿Total equity |  |  | 1,718.4 |  |  | 5,044.6 |  |  | 1,382.4 |  |  | (6,440.9) |  |  | 1,704.5
﻿Total liabilities and equity |  | $ | 8,090.4 |  | $ | 6,040.9 |  | $ | 2,103.2 |  | $ | (8,745.7) |  | $ | 7,488.8
﻿ NOTE 20 - GUARANTOR STATEMENTS – SB/RH (continued) ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Financial Position |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿As of September 30, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Assets
﻿Cash and cash equivalents |  | $ | 6.0 |  | $ | 4.8 |  | $ | 157.4 |  | $ | — |  | $ | 168.2
﻿Trade receivables, net |  |  | 85.4 |  |  | 102.4 |  |  | 78.2 |  |  | — |  |  | 266.0
﻿Intercompany receivables |  |  | 0.7 |  |  | 1,288.1 |  |  | 335.4 |  |  | (1,624.2) |  |  | —
﻿Other receivables |  |  | 4.4 |  |  | 4.7 |  |  | 10.6 |  |  | (1.0) |  |  | 18.7
﻿Inventories |  |  | 184.7 |  |  | 205.6 |  |  | 126.4 |  |  | (20.4) |  |  | 496.3
﻿Prepaid expenses and other |  |  | 30.9 |  |  | 8.6 |  |  | 14.6 |  |  | 0.1 |  |  | 54.2
﻿Current assets of business held for sale |  |  | 228.7 |  |  | 0.2 |  |  | 378.4 |  |  | (4.3) |  |  | 603.0
﻿Total current assets |  |  | 540.8 |  |  | 1,614.4 |  |  | 1,101.0 |  |  | (1,649.8) |  |  | 1,606.4
﻿Property, plant and equipment, net |  |  | 182.2 |  |  | 178.9 |  |  | 142.0 |  |  | — |  |  | 503.1
﻿Long-term intercompany receivables |  |  | 317.2 |  |  | 96.6 |  |  | 12.5 |  |  | (426.3) |  |  | —
﻿Deferred charges and other |  |  | 244.2 |  |  | 3.0 |  |  | 35.6 |  |  | (254.4) |  |  | 28.4
﻿Goodwill |  |  | 568.6 |  |  | 1,463.4 |  |  | 245.1 |  |  | — |  |  | 2,277.1
﻿Intangible assets, net |  |  | 401.4 |  |  | 1,027.7 |  |  | 182.9 |  |  | — |  |  | 1,612.0
﻿Investments in subsidiaries |  |  | 4,730.1 |  |  | 1,290.3 |  |  | — |  |  | (6,020.4) |  |  | —
﻿Noncurrent assets of business held for sale |  |  | 814.3 |  |  | 124.4 |  |  | 438.2 |  |  | — |  |  | 1,376.9
﻿Total assets |  | $ | 7,798.8 |  | $ | 5,798.7 |  | $ | 2,157.3 |  | $ | (8,350.9) |  | $ | 7,403.9
﻿Liabilities and Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current portion of long-term debt |  | $ | 13.8 |  | $ | 4.3 |  | $ | 5.2 |  | $ | (3.9) |  | $ | 19.4
﻿Accounts payable |  |  | 122.2 |  |  | 108.3 |  |  | 141.1 |  |  | — |  |  | 371.6
﻿Intercompany accounts payable |  |  | 1,629.6 |  |  | — |  |  | — |  |  | (1,629.6) |  |  | —
﻿Accrued wages and salaries |  |  | 27.5 |  |  | 2.3 |  |  | 20.1 |  |  | — |  |  | 49.9
﻿Accrued interest |  |  | 48.5 |  |  | — |  |  | — |  |  | — |  |  | 48.5
﻿Other current liabilities |  |  | 50.1 |  |  | 25.6 |  |  | 44.2 |  |  | (1.0) |  |  | 118.9
﻿Current liabilities of business held for sale |  |  | 177.3 |  |  | 0.9 |  |  | 322.4 |  |  | — |  |  | 500.6
﻿Total current liabilities |  |  | 2,069.0 |  |  | 141.4 |  |  | 533.0 |  |  | (1,634.5) |  |  | 1,108.9
﻿Long-term debt, net of current portion |  |  | 3,650.8 |  |  | 92.1 |  |  | 9.4 |  |  | — |  |  | 3,752.3
﻿Long-term intercompany debt |  |  | 12.6 |  |  | 302.1 |  |  | 102.4 |  |  | (417.1) |  |  | —
﻿Deferred income taxes |  |  | 177.9 |  |  | 523.5 |  |  | 52.0 |  |  | (260.2) |  |  | 493.2
﻿Other long-term liabilities |  |  | 11.5 |  |  | 6.1 |  |  | 40.4 |  |  | — |  |  | 58.0
﻿Noncurrent liabilities of business held for sale |  |  | 22.8 |  |  | 3.4 |  |  | 129.9 |  |  | — |  |  | 156.1
﻿Total liabilities |  |  | 5,944.6 |  |  | 1,068.6 |  |  | 867.1 |  |  | (2,311.8) |  |  | 5,568.5
﻿Shareholder's equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other capital |  |  | 2,107.1 |  |  | 1,089.9 |  |  | (1,075.0) |  |  | (43.0) |  |  | 2,079.0
﻿Accumulated (deficit) earnings |  |  | (42.8) |  |  | 3,814.1 |  |  | 2,521.6 |  |  | (6,335.7) |  |  | (42.8)
﻿Accumulated other comprehensive loss |  |  | (210.1) |  |  | (173.9) |  |  | (165.2) |  |  | 339.6 |  |  | (209.6)
﻿Total shareholder's equity |  |  | 1,854.2 |  |  | 4,730.1 |  |  | 1,281.4 |  |  | (6,039.1) |  |  | 1,826.6
﻿Non-controlling interest |  |  | — |  |  | — |  |  | 8.8 |  |  | — |  |  | 8.8
﻿Total equity |  |  | 1,854.2 |  |  | 4,730.1 |  |  | 1,290.2 |  |  | (6,039.1) |  |  | 1,835.4
﻿Total liabilities and equity |  | $ | 7,798.8 |  | $ | 5,798.7 |  | $ | 2,157.3 |  | $ | (8,350.9) |  | $ | 7,403.9
﻿ NOTE 20 - GUARANTOR STATEMENTS – SB/RH (continued) ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Three month period ended July 1, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net sales |  | $ | 378.7 |  | $ | 851.4 |  | $ | 290.6 |  | $ | (575.2) |  | $ | 945.5
﻿Cost of goods sold |  |  | 277.5 |  |  | 649.0 |  |  | 234.1 |  |  | (574.6) |  |  | 586.0
﻿Restructuring and related charges |  |  | — |  |  | 3.2 |  |  | 1.7 |  |  | — |  |  | 4.9
﻿Gross profit |  |  | 101.2 |  |  | 199.2 |  |  | 54.8 |  |  | (0.6) |  |  | 354.6
﻿Selling |  |  | 40.7 |  |  | 50.7 |  |  | 32.7 |  |  | (0.2) |  |  | 123.9
﻿General and administrative |  |  | 28.9 |  |  | 31.0 |  |  | 6.7 |  |  | — |  |  | 66.6
﻿Research and development |  |  | 1.8 |  |  | 2.9 |  |  | 2.2 |  |  | — |  |  | 6.9
﻿Acquisition and integration related charges |  |  | 0.9 |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 2.3
﻿Restructuring and related charges |  |  | 13.3 |  |  | 4.8 |  |  | 2.4 |  |  | — |  |  | 20.5
﻿Total operating expense |  |  | 85.6 |  |  | 90.1 |  |  | 44.7 |  |  | (0.2) |  |  | 220.2
﻿Operating income |  |  | 15.6 |  |  | 109.1 |  |  | 10.1 |  |  | (0.4) |  |  | 134.4
﻿Interest expense |  |  | 37.7 |  |  | 5.4 |  |  | 0.5 |  |  | — |  |  | 43.6
﻿Other non-operating (income) expense, net |  |  | (82.7) |  |  | (12.1) |  |  | 0.5 |  |  | 95.0 |  |  | 0.7
﻿Income from operations before income taxes |  |  | 60.6 |  |  | 115.8 |  |  | 9.1 |  |  | (95.4) |  |  | 90.1
﻿Income tax (benefit) expense |  |  | (9.2) |  |  | 29.3 |  |  | 0.5 |  |  | (0.1) |  |  | 20.5
﻿Net income from continuing operations |  |  | 69.8 |  |  | 86.5 |  |  | 8.6 |  |  | (95.3) |  |  | 69.6
﻿Income from discontinued operations, net of tax |  |  | (10.2) |  |  | 16.3 |  |  | 17.1 |  |  | (32.7) |  |  | (9.5)
﻿Net income |  |  | 59.6 |  |  | 102.8 |  |  | 25.7 |  |  | (128.0) |  |  | 60.1
﻿Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2
﻿Net income attributable to controlling interest |  | $ | 59.6 |  | $ | 102.8 |  | $ | 25.5 |  | $ | (128.0) |  | $ | 59.9
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Nine Month Period Ended July 1, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net sales |  | $ | 1,026.8 |  | $ | 1,873.9 |  | $ | 877.6 |  | $ | (1,420.2) |  | $ | 2,358.1
﻿Cost of goods sold |  |  | 764.2 |  |  | 1,453.3 |  |  | 688.9 |  |  | (1,421.9) |  |  | 1,484.5
﻿Restructuring and related charges |  |  | — |  |  | 6.5 |  |  | 3.4 |  |  | — |  |  | 9.9
﻿Gross profit |  |  | 262.6 |  |  | 414.1 |  |  | 185.3 |  |  | 1.7 |  |  | 863.7
﻿Selling |  |  | 131.8 |  |  | 132.0 |  |  | 100.4 |  |  | (0.4) |  |  | 363.8
﻿General and administrative |  |  | 74.0 |  |  | 81.3 |  |  | 25.2 |  |  | 0.1 |  |  | 180.6
﻿Research and development |  |  | 5.5 |  |  | 8.7 |  |  | 6.9 |  |  | — |  |  | 21.1
﻿Acquisition and integration related charges |  |  | 5.2 |  |  | 3.8 |  |  | 3.0 |  |  | — |  |  | 12.0
﻿Restructuring and related charges |  |  | 45.1 |  |  | 9.5 |  |  | 4.5 |  |  | — |  |  | 59.1
﻿Total operating expense |  |  | 261.6 |  |  | 235.3 |  |  | 140.0 |  |  | (0.3) |  |  | 636.6
﻿Operating income |  |  | 1.0 |  |  | 178.8 |  |  | 45.3 |  |  | 2.0 |  |  | 227.1
﻿Interest expense |  |  | 107.8 |  |  | 15.6 |  |  | 0.9 |  |  | (0.1) |  |  | 124.2
﻿Other non-operating (income) expense, net |  |  | (308.6) |  |  | (49.3) |  |  | — |  |  | 361.4 |  |  | 3.5
﻿Income from operations before income taxes |  |  | 201.8 |  |  | 212.5 |  |  | 44.4 |  |  | (359.3) |  |  | 99.4
﻿Income tax benefit |  |  | (6.6) |  |  | (98.6) |  |  | (5.9) |  |  | 0.1 |  |  | (111.0)
﻿Net income from continuing operations |  |  | 208.4 |  |  | 311.1 |  |  | 50.3 |  |  | (359.4) |  |  | 210.4
﻿Income from discontinued operations, net of tax |  |  | 31.9 |  |  | 75.8 |  |  | 77.9 |  |  | (153.6) |  |  | 32.0
﻿Net income |  |  | 240.3 |  |  | 386.9 |  |  | 128.2 |  |  | (513.0) |  |  | 242.4
﻿Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 1.0 |  |  | — |  |  | 1.0
﻿Net income attributable to controlling interest |  | $ | 240.3 |  | $ | 386.9 |  | $ | 127.2 |  | $ | (513.0) |  | $ | 241.4
﻿ NOTE 20 - GUARANTOR STATEMENTS – SB/RH (continued) ﻿
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﻿Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Three month period ended July 2, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net sales |  | $ | 299.1 |  | $ | 668.5 |  | $ | 276.1 |  | $ | (380.8) |  | $ | 862.9
﻿Cost of goods sold |  |  | 205.1 |  |  | 489.0 |  |  | 216.2 |  |  | (378.8) |  |  | 531.5
﻿Restructuring and related charges |  |  | — |  |  | 11.2 |  |  | — |  |  | — |  |  | 11.2
﻿Gross profit |  |  | 94.0 |  |  | 168.3 |  |  | 59.9 |  |  | (2.0) |  |  | 320.2
﻿Selling |  |  | 42.5 |  |  | 53.9 |  |  | 31.9 |  |  | (0.4) |  |  | 127.9
﻿General and administrative |  |  | 26.3 |  |  | 23.7 |  |  | 7.8 |  |  | — |  |  | 57.8
﻿Research and development |  |  | 2.1 |  |  | 2.6 |  |  | 2.5 |  |  | — |  |  | 7.2
﻿Acquisition and integration related charges |  |  | 4.6 |  |  | 0.1 |  |  | 0.5 |  |  | — |  |  | 5.2
﻿Restructuring and related charges |  |  | 7.8 |  |  | 1.9 |  |  | 0.3 |  |  | — |  |  | 10.0
﻿Total operating expense |  |  | 83.3 |  |  | 82.2 |  |  | 43.0 |  |  | (0.4) |  |  | 208.1
﻿Operating income |  |  | 10.7 |  |  | 86.1 |  |  | 16.9 |  |  | (1.6) |  |  | 112.1
﻿Interest expense |  |  | 33.0 |  |  | 5.9 |  |  | 0.9 |  |  | — |  |  | 39.8
﻿Other non-operating (income) expense, net |  |  | (68.4) |  |  | (14.8) |  |  | 0.8 |  |  | 83.8 |  |  | 1.4
﻿Income from operations before income taxes |  |  | 46.1 |  |  | 95.0 |  |  | 15.2 |  |  | (85.4) |  |  | 70.9
﻿Income tax (benefit) expense |  |  | (6.8) |  |  | 26.4 |  |  | — |  |  | 0.2 |  |  | 19.8
﻿Net income from continuing operations |  |  | 52.9 |  |  | 68.6 |  |  | 15.2 |  |  | (85.6) |  |  | 51.1
﻿Income from discontinued operations, net of tax |  |  | 28.5 |  |  | 22.3 |  |  | 23.9 |  |  | (46.4) |  |  | 28.3
﻿Net income |  |  | 81.4 |  |  | 90.9 |  |  | 39.1 |  |  | (132.0) |  |  | 79.4
﻿Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 1.7 |  |  | — |  |  | 1.7
﻿Net income attributable to controlling interest |  | $ | 81.4 |  | $ | 90.9 |  | $ | 37.4 |  | $ | (132.0) |  | $ | 77.7
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Nine Month Period Ended July 2, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net sales |  | $ | 841.0 |  | $ | 1,510.4 |  | $ | 784.1 |  | $ | (913.9) |  | $ | 2,221.6
﻿Cost of goods sold |  |  | 559.9 |  |  | 1,073.5 |  |  | 614.3 |  |  | (908.5) |  |  | 1,339.2
﻿Restructuring and related charges |  |  | — |  |  | 16.4 |  |  | — |  |  | — |  |  | 16.4
﻿Gross profit |  |  | 281.1 |  |  | 420.5 |  |  | 169.8 |  |  | (5.4) |  |  | 866.0
﻿Selling |  |  | 127.0 |  |  | 132.8 |  |  | 95.3 |  |  | (1.2) |  |  | 353.9
﻿General and administrative |  |  | 96.6 |  |  | 57.6 |  |  | 27.5 |  |  | — |  |  | 181.7
﻿Research and development |  |  | 6.1 |  |  | 8.4 |  |  | 6.4 |  |  | — |  |  | 20.9
﻿Acquisition and integration related charges |  |  | 9.9 |  |  | 0.4 |  |  | 1.3 |  |  | — |  |  | 11.6
﻿Restructuring and related charges |  |  | 9.4 |  |  | 4.9 |  |  | 0.6 |  |  | — |  |  | 14.9
﻿Total operating expense |  |  | 249.0 |  |  | 204.1 |  |  | 131.1 |  |  | (1.2) |  |  | 583.0
﻿Operating income |  |  | 32.1 |  |  | 216.4 |  |  | 38.7 |  |  | (4.2) |  |  | 283.0
﻿Interest expense |  |  | 104.2 |  |  | 14.0 |  |  | 3.8 |  |  | — |  |  | 122.0
﻿Other non-operating (income) expense, net |  |  | (186.9) |  |  | (38.0) |  |  | (0.7) |  |  | 227.9 |  |  | 2.3
﻿Income from operations before income taxes |  |  | 114.8 |  |  | 240.4 |  |  | 35.6 |  |  | (232.1) |  |  | 158.7
﻿Income tax expense (benefit) |  |  | 5.4 |  |  | 54.3 |  |  | (6.2) |  |  | (0.2) |  |  | 53.3
﻿Net income from continuing operations |  |  | 109.4 |  |  | 186.1 |  |  | 41.8 |  |  | (231.9) |  |  | 105.4
﻿Income from discontinued operations, net of tax |  |  | 100.0 |  |  | 78.6 |  |  | 82.6 |  |  | (161.4) |  |  | 99.8
﻿Net income |  |  | 209.4 |  |  | 264.7 |  |  | 124.4 |  |  | (393.3) |  |  | 205.2
﻿Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 1.5 |  |  | — |  |  | 1.5
﻿Net income attributable to controlling interest |  | $ | 209.4 |  | $ | 264.7 |  | $ | 122.9 |  | $ | (393.3) |  | $ | 203.7
﻿ NOTE 20 - GUARANTOR STATEMENTS – SB/RH (continued) ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Three month period ended July 1, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net income |  | $ | 59.6 |  | $ | 102.8 |  | $ | 25.7 |  | $ | (128.0) |  | $ | 60.1
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net unrealized loss on foreign currency translation |  |  | (59.2) |  |  | (59.2) |  |  | (62.4) |  |  | 121.7 |  |  | (59.1)
﻿Unrealized gain on hedging derivative instruments |  |  | 30.4 |  |  | 9.2 |  |  | 9.2 |  |  | (18.4) |  |  | 30.4
﻿Defined benefit pension gain |  |  | 2.9 |  |  | 2.4 |  |  | 2.4 |  |  | (4.8) |  |  | 2.9
﻿Other comprehensive (loss) income |  |  | (25.9) |  |  | (47.6) |  |  | (50.8) |  |  | 98.5 |  |  | (25.8)
﻿Comprehensive income (loss) |  |  | 33.7 |  |  | 55.2 |  |  | (25.1) |  |  | (29.5) |  |  | 34.3
﻿Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.6) |  |  | — |  |  | (0.6)
﻿Comprehensive income (loss) attributable to controlling interest |  | $ | 33.7 |  | $ | 55.2 |  | $ | (24.5) |  | $ | (29.5) |  | $ | 34.9
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Nine Month Period Ended July 1, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net income |  | $ | 240.3 |  | $ | 386.9 |  | $ | 128.2 |  | $ | (513.0) |  | $ | 242.4
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Foreign currency translation loss |  |  | (37.0) |  |  | (37.0) |  |  | (39.4) |  |  | 76.5 |  |  | (36.9)
﻿Unrealized gain on derivative instruments |  |  | 20.6 |  |  | 13.4 |  |  | 13.4 |  |  | (26.8) |  |  | 20.6
﻿Defined benefit pension gain |  |  | 2.5 |  |  | 1.7 |  |  | 1.7 |  |  | (3.4) |  |  | 2.5
﻿Other comprehensive income |  |  | (13.9) |  |  | (21.9) |  |  | (24.3) |  |  | 46.3 |  |  | (13.8)
﻿Comprehensive income |  |  | 226.4 |  |  | 365.0 |  |  | 103.9 |  |  | (466.7) |  |  | 228.6
﻿Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | (0.1)
﻿Comprehensive income attributable to controlling interest |  | $ | 226.4 |  | $ | 365.0 |  | $ | 104.0 |  | $ | (466.7) |  | $ | 228.7
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Three month period ended July 2, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net income |  | $ | 81.4 |  | $ | 90.9 |  | $ | 39.1 |  | $ | (132.0) |  | $ | 79.4
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net unrealized gain on foreign currency translation |  |  | 30.3 |  |  | 32.3 |  |  | 31.1 |  |  | (63.4) |  |  | 30.3
﻿Unrealized loss on hedging derivative instruments |  |  | (30.2) |  |  | (9.1) |  |  | (9.1) |  |  | 18.2 |  |  | (30.2)
﻿Defined benefit pension loss |  |  | (2.3) |  |  | (2.3) |  |  | (2.3) |  |  | 4.6 |  |  | (2.3)
﻿Other comprehensive (loss) income |  |  | (2.2) |  |  | 20.9 |  |  | 19.7 |  |  | (40.6) |  |  | (2.2)
﻿Comprehensive income |  |  | 79.2 |  |  | 111.8 |  |  | 58.8 |  |  | (172.6) |  |  | 77.2
﻿Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.2) |  |  | — |  |  | (0.2)
﻿Comprehensive income attributable to controlling interest |  | $ | 79.2 |  | $ | 111.8 |  | $ | 59.0 |  | $ | (172.6) |  | $ | 77.4
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Nine Month Period Ended July 2, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net income |  | $ | 209.4 |  | $ | 264.7 |  | $ | 124.4 |  | $ | (393.3) |  | $ | 205.2
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Foreign currency translation gain |  |  | 5.9 |  |  | 8.8 |  |  | 8.1 |  |  | (16.9) |  |  | 5.9
﻿Unrealized loss on derivative instruments |  |  | (15.7) |  |  | (9.9) |  |  | (9.9) |  |  | 19.8 |  |  | (15.7)
﻿Defined benefit pension gain |  |  | 0.8 |  |  | 0.8 |  |  | 0.8 |  |  | (1.7) |  |  | 0.7
﻿Other comprehensive loss |  |  | (9.0) |  |  | (0.3) |  |  | (1.0) |  |  | 1.2 |  |  | (9.1)
﻿Comprehensive income |  |  | 200.4 |  |  | 264.4 |  |  | 123.4 |  |  | (392.1) |  |  | 196.1
﻿Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.4) |  |  | — |  |  | (0.4)
﻿Comprehensive income attributable to controlling interest |  | $ | 200.4 |  | $ | 264.4 |  | $ | 123.8 |  | $ | (392.1) |  | $ | 196.5
﻿ NOTE 20 - GUARANTOR STATEMENTS – SB/RH (continued) ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Nine Month Period Ended July 1, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net cash (used) provided by operating activities from continuing operations |  | $ | (165.3) |  | $ | (25.8) |  | $ | 91.0 |  | $ | 7.6 |  | $ | (92.5)
﻿Net cash provided (used) by operating activities from discontinued operations |  |  | 13.5 |  |  | 0.1 |  |  | 12.4 |  |  | (31.0) |  |  | (5.0)
﻿Net cash (used) provided by operating activities |  |  | (151.8) |  |  | (25.7) |  |  | 103.4 |  |  | (23.4) |  |  | (97.5)
﻿Cash flows from investing activities |  |  | . |  |  |  |  |  |  |  |  |  |  |  |
﻿Purchases of property, plant and equipment |  |  | (17.9) |  |  | (13.0) |  |  | (18.3) |  |  | — |  |  | (49.2)
﻿Proceeds from sales of property, plant and equipment |  |  | 0.8 |  |  | 0.1 |  |  | 1.9 |  |  | — |  |  | 2.8
﻿Other investing activity, net |  |  | — |  |  | (0.2) |  |  | (0.2) |  |  | — |  |  | (0.4)
﻿Net cash used by investing activities from continuing operations |  |  | (17.1) |  |  | (13.1) |  |  | (16.6) |  |  | — |  |  | (46.8)
﻿Net cash used by investing activities from discontinued operations |  |  | (13.5) |  |  | (0.1) |  |  | (13.4) |  |  | — |  |  | (27.0)
﻿Net cash used by investing activities |  |  | (30.6) |  |  | (13.2) |  |  | (30.0) |  |  | — |  |  | (73.8)
﻿Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Proceeds from issuance of debt |  |  | 545.5 |  |  | — |  |  | 9.8 |  |  | — |  |  | 555.3
﻿Payment of debt |  |  | (35.4) |  |  | — |  |  | (15.6) |  |  | — |  |  | (51.0)
﻿Payment of debt issuance costs |  |  | (0.4) |  |  | — |  |  | — |  |  | — |  |  | (0.4)
﻿Payment of cash dividends to parent |  |  | (351.8) |  |  | — |  |  | — |  |  | — |  |  | (351.8)
﻿Advances related to intercompany transactions |  |  | 20.9 |  |  | 34.9 |  |  | (79.2) |  |  | 23.4 |  |  | —
﻿Net cash provided (used) by financing activities from continuing operations |  |  | 178.8 |  |  | 34.9 |  |  | (85.0) |  |  | 23.4 |  |  | 152.1
﻿Net cash provided by financing activities from discontinued operations |  |  | — |  |  | — |  |  | 1.0 |  |  | — |  |  | 1.0
﻿Net cash provided (used) by financing activities |  |  | 178.8 |  |  | 34.9 |  |  | (84.0) |  |  | 23.4 |  |  | 153.1
﻿Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | (3.1) |  |  | — |  |  | (3.1)
﻿Net decrease in cash and cash equivalents |  |  | (3.6) |  |  | (4.0) |  |  | (13.7) |  |  | — |  |  | (21.3)
﻿Cash and cash equivalents, beginning of period |  |  | 6.0 |  |  | 4.8 |  |  | 157.4 |  |  | — |  |  | 168.2
﻿Cash and cash equivalents, end of period |  | $ | 2.4 |  | $ | 0.8 |  | $ | 143.7 |  | $ | — |  | $ | 146.9
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
﻿Nine Month Period Ended July 2, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Net cash provided (used) by operating activities from continuing operations |  | $ | 130.8 |  | $ | (19.3) |  | $ | 32.5 |  | $ | (116.8) |  | $ | 27.2
﻿Net cash provided by operating activities from discontinued operations |  |  | 15.4 |  |  | — |  |  | 8.6 |  |  | 93.3 |  |  | 117.3
﻿Net cash provided (used) by operating activities |  |  | 146.2 |  |  | (19.3) |  |  | 41.1 |  |  | (23.5) |  |  | 144.5
﻿Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Purchases of property, plant and equipment |  |  | (16.7) |  |  | (16.3) |  |  | (18.1) |  |  | — |  |  | (51.1)
﻿Proceeds from sales of property, plant and equipment |  |  | — |  |  | 0.2 |  |  | 3.3 |  |  | — |  |  | 3.5
﻿Business acquisitions, net cash acquired |  |  | (304.7) |  |  | — |  |  | — |  |  | — |  |  | (304.7)
﻿Other investing activities |  |  | — |  |  | (1.1) |  |  | — |  |  | — |  |  | (1.1)
﻿Net cash used by investing activities from continuing operations |  |  | (321.4) |  |  | (17.2) |  |  | (14.8) |  |  | — |  |  | (353.4)
﻿Net cash used by investing activities from discontinued operations |  |  | (15.4) |  |  | — |  |  | (10.9) |  |  | — |  |  | (26.3)
﻿Net cash used by investing activities |  |  | (336.8) |  |  | (17.2) |  |  | (25.7) |  |  | — |  |  | (379.7)
﻿Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Proceeds from issuance of debt |  |  | 543.0 |  |  | — |  |  | 13.9 |  |  | — |  |  | 556.9
﻿Payment of debt |  |  | (207.7) |  |  | — |  |  | (17.3) |  |  | — |  |  | (225.0)
﻿Payment of debt issuance costs |  |  | (5.9) |  |  | — |  |  | — |  |  | — |  |  | (5.9)
﻿Purchase of noncontrolling interest |  |  | (12.6) |  |  | — |  |  | — |  |  | — |  |  | (12.6)
﻿Payment of cash dividends to parent |  |  | (240.1) |  |  | — |  |  | — |  |  | — |  |  | (240.1)
﻿Advances related to intercompany transactions |  |  | 20.9 |  |  | 34.9 |  |  | (79.3) |  |  | 23.5 |  |  | —
﻿Net cash provided (used) by financing activities from continuing operations |  |  | 97.6 |  |  | 34.9 |  |  | (82.7) |  |  | 23.5 |  |  | 73.3
﻿Net cash provided by financing activities from discontinued operations |  |  | — |  |  | — |  |  | 2.4 |  |  | — |  |  | 2.4
﻿Net cash provided (used) by financing activities |  |  | 97.6 |  |  | 34.9 |  |  | (80.3) |  |  | 23.5 |  |  | 75.7
﻿Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | (1.5) |  |  | — |  |  | (1.5)
﻿Net decrease in cash and cash equivalents |  |  | (93.0) |  |  | (1.6) |  |  | (66.4) |  |  | — |  |  | (161.0)
﻿Cash and cash equivalents, beginning of period |  |  | 98.6 |  |  | 3.1 |  |  | 169.1 |  |  | — |  |  | 270.8
﻿Cash and cash equivalents, end of period |  | $ | 5.6 |  | $ | 1.5 |  | $ | 102.7 |  | $ | — |  | $ | 109.8
﻿

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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