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v3.19.3

Guarantor Statements - SB/RH (Tables) | 12 Months Ended
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Sep. 30, 2019
Guarantor Statements - SB/RH [Abstract] |
Statement Of Financial Position |
Statement of Financial Position |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
As of September 30, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets
Cash and cash equivalents |  | $ | 441.2 |  | $ | 0.4 |  | $ | 180.3 |  | $ | — |  | $ | 621.9
Trade receivables, net |  |  | 92.5 |  |  | 55.2 |  |  | 209.0 |  |  | — |  |  | 356.7
Intercompany receivables |  |  | — |  |  | 2,435.5 |  |  | 1,067.5 |  |  | (3,503.0) |  |  | —
Other receivables |  |  | 68.7 |  |  | 7.4 |  |  | 64.0 |  |  | — |  |  | 140.1
Inventories |  |  | 207.7 |  |  | 156.5 |  |  | 191.5 |  |  | (7.3) |  |  | 548.4
Prepaid expenses and other |  |  | 26.0 |  |  | 4.7 |  |  | 22.8 |  |  | — |  |  | 53.5
Current assets of business held for sale |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total current assets |  |  | 836.1 |  |  | 2,659.7 |  |  | 1,735.1 |  |  | (3,510.3) |  |  | 1,720.6
Property, plant and equipment, net |  |  | 187.1 |  |  | 121.1 |  |  | 144.7 |  |  | — |  |  | 452.9
Long-term intercompany receivables |  |  | 51.9 |  |  | 37.4 |  |  | 10.2 |  |  | (99.5) |  |  | —
Deferred charges and other |  |  | 277.8 |  |  | 0.7 |  |  | 49.7 |  |  | (276.5) |  |  | 51.7
Investment |  |  | 230.8 |  |  | — |  |  | — |  |  | — |  |  | 230.8
Goodwill |  |  | 567.2 |  |  | 543.3 |  |  | 217.6 |  |  | — |  |  | 1,328.1
Intangible assets, net |  |  | 707.2 |  |  | 560.3 |  |  | 239.6 |  |  | — |  |  | 1,507.1
Investments in subsidiaries |  |  | 4,231.2 |  |  | 1,111.2 |  |  | (2.9) |  |  | (5,339.5) |  |  | —
Total assets |  | $ | 7,089.3 |  | $ | 5,033.7 |  | $ | 2,394.0 |  | $ | (9,225.8) |  | $ | 5,291.2
Liabilities and Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 119.7 |  | $ | 4.7 |  | $ | 12.7 |  | $ | (0.2) |  | $ | 136.9
Accounts payable |  |  | 98.7 |  |  | 65.4 |  |  | 299.7 |  |  | — |  |  | 463.8
Intercompany accounts payable |  |  | 2,873.6 |  |  | 211.2 |  |  | 386.4 |  |  | (3,471.2) |  |  | —
Accrued wages and salaries |  |  | 38.1 |  |  | 6.5 |  |  | 27.4 |  |  | — |  |  | 72.0
Accrued interest |  |  | 29.3 |  |  | — |  |  | — |  |  | — |  |  | 29.3
Indemnification payable to Energizer |  |  | — |  |  | — |  |  | 230.8 |  |  | — |  |  | 230.8
Income tax payable |  |  | 215.7 |  |  | — |  |  | 24.8 |  |  | — |  |  | 240.5
Other current liabilities |  |  | 119.6 |  |  | 19.8 |  |  | 43.3 |  |  | — |  |  | 182.7
Current liabilities of business held for sale |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total current liabilities |  |  | 3,494.7 |  |  | 307.6 |  |  | 1,025.1 |  |  | (3,471.4) |  |  | 1,356.0
Long-term debt, net of current portion |  |  | 2,076.7 |  |  | 52.8 |  |  | 9.6 |  |  | — |  |  | 2,139.1
Long-term intercompany debt |  |  | 12.3 |  |  | — |  |  | 118.8 |  |  | (131.1) |  |  | —
Deferred income taxes |  |  | 56.5 |  |  | 439.0 |  |  | 55.9 |  |  | (279.2) |  |  | 272.2
Other long-term liabilities |  |  | 35.1 |  |  | 3.1 |  |  | 73.6 |  |  | — |  |  | 111.8
Total liabilities |  |  | 5,675.3 |  |  | 802.5 |  |  | 1,283.0 |  |  | (3,881.7) |  |  | 3,879.1
Shareholder's equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other capital |  |  | 2,124.8 |  |  | 439.2 |  |  | (750.9) |  |  | 300.2 |  |  | 2,113.3
Accumulated (deficit) earnings |  |  | (437.3) |  |  | 4,049.0 |  |  | 2,108.4 |  |  | (6,157.4) |  |  | (437.3)
Accumulated other comprehensive loss |  |  | (273.5) |  |  | (257.0) |  |  | (256.1) |  |  | 513.1 |  |  | (273.5)
Total shareholder's equity |  |  | 1,414.0 |  |  | 4,231.2 |  |  | 1,101.4 |  |  | (5,344.1) |  |  | 1,402.5
Non-controlling interest |  |  | — |  |  | — |  |  | 9.6 |  |  | — |  |  | 9.6
Total equity |  |  | 1,414.0 |  |  | 4,231.2 |  |  | 1,111.0 |  |  | (5,344.1) |  |  | 1,412.1
Total liabilities and equity |  | $ | 7,089.3 |  | $ | 5,033.7 |  | $ | 2,394.0 |  | $ | (9,225.8) |  | $ | 5,291.2
NOTE 22 – GUARANTOR STATEMENTS – SB/RH (continued)
Statement of Financial Position |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
As of September 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets
Cash and cash equivalents |  | $ | 276.6 |  | $ | 1.8 |  | $ | 227.0 |  | $ | — |  | $ | 505.4
Trade receivables, net |  |  | 108.9 |  |  | 42.9 |  |  | 165.3 |  |  | — |  |  | 317.1
Intercompany receivables |  |  | — |  |  | 1,648.3 |  |  | 283.0 |  |  | (1,931.3) |  |  | —
Other receivables |  |  | 65.7 |  |  | 4.0 |  |  | 27.6 |  |  | (2.2) |  |  | 95.1
Inventories |  |  | 228.5 |  |  | 162.6 |  |  | 204.6 |  |  | (12.1) |  |  | 583.6
Prepaid expenses and other |  |  | 35.3 |  |  | 4.0 |  |  | 23.6 |  |  | — |  |  | 62.9
Current assets of business held for sale |  |  | 551.2 |  |  | 1,379.0 |  |  | 482.5 |  |  | (10.1) |  |  | 2,402.6
Total current assets |  |  | 1,266.2 |  |  | 3,242.6 |  |  | 1,413.6 |  |  | (1,955.7) |  |  | 3,966.7
Property, plant and equipment, net |  |  | 222.9 |  |  | 122.1 |  |  | 155.0 |  |  | — |  |  | 500.0
Long-term intercompany receivables |  |  | 321.3 |  |  | 70.3 |  |  | 11.6 |  |  | (403.2) |  |  | —
Deferred charges and other |  |  | 200.4 |  |  | 0.6 |  |  | 68.6 |  |  | (195.4) |  |  | 74.2
Goodwill |  |  | 557.4 |  |  | 611.4 |  |  | 285.9 |  |  | — |  |  | 1,454.7
Intangible assets, net |  |  | 770.4 |  |  | 609.5 |  |  | 261.9 |  |  | — |  |  | 1,641.8
Investments in subsidiaries |  |  | 4,900.7 |  |  | 1,262.5 |  |  | (2.9) |  |  | (6,160.3) |  |  | —
Total assets |  | $ | 8,239.3 |  | $ | 5,919.0 |  | $ | 2,193.7 |  | $ | (8,714.6) |  | $ | 7,637.4
Liabilities and Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 535.0 |  | $ | 4.3 |  | $ | 7.8 |  | $ | (0.2) |  | $ | 546.9
Accounts payable |  |  | 222.4 |  |  | 124.2 |  |  | 238.1 |  |  | — |  |  | 584.7
Intercompany accounts payable |  |  | 1,878.0 |  |  | — |  |  | 35.1 |  |  | (1,913.1) |  |  | —
Accrued wages and salaries |  |  | 24.6 |  |  | 1.5 |  |  | 29.3 |  |  | — |  |  | 55.4
Accrued interest |  |  | 55.0 |  |  | — |  |  | — |  |  | — |  |  | 55.0
Income tax payable |  |  | 1.9 |  |  | — |  |  | 15.9 |  |  | (2.3) |  |  | 15.5
Other current liabilities |  |  | 57.4 |  |  | 17.5 |  |  | 61.9 |  |  | — |  |  | 136.8
Current liabilities of business held for sale |  |  | 81.7 |  |  | 157.8 |  |  | 298.1 |  |  | — |  |  | 537.6
Total current liabilities |  |  | 2,856.0 |  |  | 305.3 |  |  | 686.2 |  |  | (1,915.6) |  |  | 1,931.9
Long-term debt, net of current portion |  |  | 3,615.3 |  |  | 57.3 |  |  | 13.8 |  |  | — |  |  | 3,686.4
Long-term intercompany debt |  |  | 11.6 |  |  | 295.0 |  |  | 114.8 |  |  | (421.4) |  |  | —
Deferred income taxes |  |  | 59.4 |  |  | 357.6 |  |  | 70.6 |  |  | (200.6) |  |  | 287.0
Other long-term liabilities |  |  | 71.5 |  |  | 3.1 |  |  | 45.8 |  |  | — |  |  | 120.4
Total liabilities |  |  | 6,613.8 |  |  | 1,018.3 |  |  | 931.2 |  |  | (2,537.6) |  |  | 6,025.7
Shareholder's equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other capital |  |  | 2,096.8 |  |  | 803.7 |  |  | (1,361.9) |  |  | 534.4 |  |  | 2,073.0
Accumulated (deficit) earnings |  |  | (235.6) |  |  | 4,303.0 |  |  | 2,814.5 |  |  | (7,117.4) |  |  | (235.5)
Accumulated other comprehensive loss |  |  | (235.7) |  |  | (206.0) |  |  | (200.0) |  |  | 406.0 |  |  | (235.7)
Total shareholder's equity |  |  | 1,625.5 |  |  | 4,900.7 |  |  | 1,252.6 |  |  | (6,177.0) |  |  | 1,601.8
Non-controlling interest |  |  | — |  |  | — |  |  | 9.9 |  |  | — |  |  | 9.9
Total equity |  |  | 1,625.5 |  |  | 4,900.7 |  |  | 1,262.5 |  |  | (6,177.0) |  |  | 1,611.7
Total liabilities and equity |  | $ | 8,239.3 |  | $ | 5,919.0 |  | $ | 2,193.7 |  | $ | (8,714.6) |  | $ | 7,637.4
Statement Of Income |
Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 1,794.5 |  | $ | 1,517.9 |  | $ | 1,906.9 |  | $ | (1,417.2) |  | $ | 3,802.1
Cost of goods sold |  |  | 1,327.5 |  |  | 1,126.4 |  |  | 1,460.3 |  |  | (1,421.8) |  |  | 2,492.4
Restructuring and related charges |  |  | 0.3 |  |  | 0.2 |  |  | 2.3 |  |  | — |  |  | 2.8
Gross profit |  |  | 466.7 |  |  | 391.3 |  |  | 444.3 |  |  | 4.6 |  |  | 1,306.9
Selling |  |  | 231.3 |  |  | 129.4 |  |  | 240.0 |  |  | (0.2) |  |  | 600.5
General and administrative |  |  | 229.8 |  |  | 85.1 |  |  | 36.4 |  |  | (1.5) |  |  | 349.8
Research and development |  |  | 23.2 |  |  | 10.0 |  |  | 10.3 |  |  | — |  |  | 43.5
Restructuring and related charges |  |  | 46.6 |  |  | 2.0 |  |  | 14.3 |  |  | — |  |  | 62.9
Transaction related charges |  |  | 27.4 |  |  | (0.1) |  |  | (5.5) |  |  | — |  |  | 21.8
Write-off from impairment of goodwill |  |  | 61.0 |  |  | — |  |  | 55.0 |  |  | — |  |  | 116.0
Write-off from impairment of intangible assets |  |  | 18.8 |  |  | 16.6 |  |  | — |  |  | — |  |  | 35.4
Total operating expense |  |  | 638.1 |  |  | 243.0 |  |  | 350.5 |  |  | (1.7) |  |  | 1,229.9
Operating (loss) income |  |  | (171.4) |  |  | 148.3 |  |  | 93.8 |  |  | 6.3 |  |  | 77.0
Interest expense (income) |  |  | 179.3 |  |  | 6.2 |  |  | (23.5) |  |  | — |  |  | 162.0
Other non-operating (income) expense, net |  |  | (55.4) |  |  | (403.9) |  |  | (494.8) |  |  | 998.3 |  |  | 44.2
(Loss) income from operations before income taxes |  |  | (295.3) |  |  | 546.0 |  |  | 612.1 |  |  | (992.0) |  |  | (129.2)
Income tax (benefit) expense |  |  | (143.2) |  |  | 108.5 |  |  | 45.2 |  |  | 0.2 |  |  | 10.7
Net (loss) income from continuing operations |  |  | (152.1) |  |  | 437.5 |  |  | 566.9 |  |  | (992.2) |  |  | (139.9)
Income (loss) from discontinued operations, net of tax |  |  | 659.6 |  |  | (72.9) |  |  | (7.1) |  |  | 80.3 |  |  | 659.9
Net income |  |  | 507.5 |  |  | 364.6 |  |  | 559.8 |  |  | (911.9) |  |  | 520.0
Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 1.3 |  |  | — |  |  | 1.3
Net income attributable to controlling interest |  | $ | 507.5 |  | $ | 364.6 |  | $ | 558.5 |  | $ | (911.9) |  | $ | 518.7
Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 1,839.8 |  | $ | 1,363.1 |  | $ | 1,960.2 |  | $ | (1,354.4) |  | $ | 3,808.7
Cost of goods sold |  |  | 1,336.8 |  |  | 998.8 |  |  | 1,489.2 |  |  | (1,354.0) |  |  | 2,470.8
Restructuring and related charges |  |  | — |  |  | 0.1 |  |  | 3.5 |  |  | — |  |  | 3.6
Gross profit |  |  | 503.0 |  |  | 364.2 |  |  | 467.5 |  |  | (0.4) |  |  | 1,334.3
Selling |  |  | 239.1 |  |  | 122.0 |  |  | 246.3 |  |  | (0.2) |  |  | 607.2
General and administrative |  |  | 108.2 |  |  | 87.9 |  |  | 62.1 |  |  | (0.5) |  |  | 257.7
Research and development |  |  | 23.3 |  |  | 8.9 |  |  | 12.4 |  |  | — |  |  | 44.6
Restructuring and related charges |  |  | 59.7 |  |  | 1.6 |  |  | 10.7 |  |  | — |  |  | 72.0
Transaction related charges |  |  | 23.5 |  |  | 4.2 |  |  | 2.5 |  |  | — |  |  | 30.2
Write-off from impairment of intangible assets |  |  | — |  |  | 20.3 |  |  | — |  |  | — |  |  | 20.3
Total operating expense |  |  | 453.8 |  |  | 244.9 |  |  | 334.0 |  |  | (0.7) |  |  | 1,032.0
Operating income |  |  | 49.2 |  |  | 119.3 |  |  | 133.5 |  |  | 0.3 |  |  | 302.3
Interest expense |  |  | 145.2 |  |  | 18.8 |  |  | 2.9 |  |  | 0.1 |  |  | 167.0
Other non-operating (income) expense, net |  |  | (208.3) |  |  | 21.1 |  |  | 1.5 |  |  | 190.9 |  |  | 5.2
Income from operations before income taxes |  |  | 112.3 |  |  | 79.4 |  |  | 129.1 |  |  | (190.7) |  |  | 130.1
Income tax (benefit) expense |  |  | (99.2) |  |  | (131.3) |  |  | 149.3 |  |  | 4.4 |  |  | (76.8)
Net income (loss) from continuing operations |  |  | 211.5 |  |  | 210.7 |  |  | (20.2) |  |  | (195.1) |  |  | 206.9
(Loss) income from discontinued operations, net of tax |  |  | (30.7) |  |  | 124.2 |  |  | 177.4 |  |  | (294.9) |  |  | (24.0)
Net income |  |  | 180.8 |  |  | 334.9 |  |  | 157.2 |  |  | (490.0) |  |  | 182.9
Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 1.4 |  |  | — |  |  | 1.4
Net income attributable to controlling interest |  | $ | 180.8 |  | $ | 334.9 |  | $ | 155.8 |  | $ | (490.0) |  | $ | 181.5
NOTE 22 – GUARANTOR STATEMENTS – SB/RH (continued)
Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 1,662.9 |  | $ | 1,002.1 |  | $ | 1,830.9 |  | $ | (790.5) |  | $ | 3,705.4
Cost of goods sold |  |  | 1,132.3 |  |  | 649.6 |  |  | 1,376.8 |  |  | (789.1) |  |  | 2,369.6
Restructuring and related charges |  |  | — |  |  | 0.5 |  |  | — |  |  | — |  |  | 0.5
Gross profit |  |  | 530.6 |  |  | 352.0 |  |  | 454.1 |  |  | (1.4) |  |  | 1,335.3
Selling |  |  | 226.3 |  |  | 119.2 |  |  | 232.7 |  |  | (0.2) |  |  | 578.0
General and administrative |  |  | 195.4 |  |  | 66.2 |  |  | 39.0 |  |  | (0.1) |  |  | 300.5
Research and development |  |  | 23.5 |  |  | 10.0 |  |  | 11.1 |  |  | — |  |  | 44.6
Restructuring and related charges |  |  | 28.1 |  |  | 1.2 |  |  | 7.7 |  |  | — |  |  | 37.0
Transaction related charges |  |  | 14.3 |  |  | 0.5 |  |  | 2.9 |  |  | — |  |  | 17.7
Write-off from impairment of intangible assets |  |  | — |  |  | 16.3 |  |  | — |  |  | — |  |  | 16.3
Total operating expense |  |  | 487.6 |  |  | 213.4 |  |  | 293.4 |  |  | (0.3) |  |  | 994.1
Operating income |  |  | 43.0 |  |  | 138.6 |  |  | 160.7 |  |  | (1.1) |  |  | 341.2
Interest expense |  |  | 138.0 |  |  | 17.3 |  |  | 6.5 |  |  | — |  |  | 161.8
Other non-operating (income) expense, net |  |  | (231.2) |  |  | (133.6) |  |  | 1.0 |  |  | 369.6 |  |  | 5.8
Income from operations before income taxes |  |  | 136.2 |  |  | 254.9 |  |  | 153.2 |  |  | (370.7) |  |  | 173.6
Income tax (benefit) expense |  |  | (48.3) |  |  | 22.7 |  |  | 15.8 |  |  | 1.2 |  |  | (8.6)
Net income from continuing operations |  |  | 184.5 |  |  | 232.2 |  |  | 137.4 |  |  | (371.9) |  |  | 182.2
Income from discontinued operations, net of tax |  |  | 123.0 |  |  | 132.3 |  |  | 58.4 |  |  | (194.7) |  |  | 119.0
Net income |  |  | 307.5 |  |  | 364.5 |  |  | 195.8 |  |  | (566.6) |  |  | 301.2
Net (loss) income attributable to non-controlling interest |  |  | (0.3) |  |  | — |  |  | 1.6 |  |  | — |  |  | 1.3
Net income attributable to controlling interest |  | $ | 307.8 |  | $ | 364.5 |  | $ | 194.2 |  | $ | (566.6) |  | $ | 299.9
Statement Of Comprehensive Income |
Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 507.5 |  | $ | 364.6 |  | $ | 559.8 |  | $ | (911.9) |  | $ | 520.0
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation loss |  |  | (65.3) |  |  | (66.0) |  |  | (71.2) |  |  | 137.2 |  |  | (65.3)
Unrealized gain on derivative instruments |  |  | 26.4 |  |  | 2.5 |  |  | 2.5 |  |  | (5.0) |  |  | 26.4
Defined benefit pension loss |  |  | (21.3) |  |  | (9.7) |  |  | (9.7) |  |  | 19.4 |  |  | (21.3)
Deconsolidation of discontinued operations |  |  | 21.8 |  |  | 21.8 |  |  | 21.8 |  |  | (43.5) |  |  | 21.9
Other comprehensive loss |  |  | (38.4) |  |  | (51.4) |  |  | (56.6) |  |  | 108.1 |  |  | (38.3)
Comprehensive income |  |  | 469.1 |  |  | 313.2 |  |  | 503.2 |  |  | (803.8) |  |  | 481.7
Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.5) |  |  | — |  |  | (0.5)
Comprehensive income attributable to controlling interest |  | $ | 469.1 |  | $ | 313.2 |  | $ | 503.7 |  | $ | (803.8) |  | $ | 482.2
Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 180.8 |  | $ | 334.9 |  | $ | 157.2 |  | $ | (490.0) |  | $ | 182.9
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized loss on foreign currency translation |  |  | (44.3) |  |  | (43.6) |  |  | (46.2) |  |  | 89.8 |  |  | (44.3)
Unrealized gain on hedging derivative instruments |  |  | 16.2 |  |  | 13.3 |  |  | 13.3 |  |  | (26.6) |  |  | 16.2
Defined benefit pension gain (loss) |  |  | 1.7 |  |  | (2.6) |  |  | (2.6) |  |  | 5.2 |  |  | 1.7
Other comprehensive loss |  |  | (26.4) |  |  | (32.9) |  |  | (35.5) |  |  | 68.4 |  |  | (26.4)
Comprehensive income |  |  | 154.4 |  |  | 302.0 |  |  | 121.7 |  |  | (421.6) |  |  | 156.5
Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.3) |  |  | — |  |  | (0.3)
Comprehensive income attributable to controlling interest |  | $ | 154.4 |  | $ | 302.0 |  | $ | 122.0 |  | $ | (421.6) |  | $ | 156.8
Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 307.5 |  | $ | 364.5 |  | $ | 195.8 |  | $ | (566.6) |  | $ | 301.2
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation gain |  |  | 29.1 |  |  | 32.0 |  |  | 34.3 |  |  | (66.3) |  |  | 29.1
Unrealized loss on derivative instruments |  |  | (29.1) |  |  | (15.1) |  |  | (15.1) |  |  | 30.2 |  |  | (29.1)
Defined benefit pension gain |  |  | 19.6 |  |  | 14.6 |  |  | 14.7 |  |  | (29.3) |  |  | 19.6
Other comprehensive income |  |  | 19.6 |  |  | 31.5 |  |  | 33.9 |  |  | (65.4) |  |  | 19.6
Comprehensive income |  |  | 327.1 |  |  | 396.0 |  |  | 229.7 |  |  | (632.0) |  |  | 320.8
Comprehensive loss attributable to non-controlling interest |  |  | — |  |  | — |  |  | (0.2) |  |  | — |  |  | (0.2)
Comprehensive income attributable to controlling interest |  | $ | 327.1 |  | $ | 396.0 |  | $ | 229.9 |  | $ | (632.0) |  | $ | 321.0
Statement Of Cash Flows |
Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by operating activities from continuing operations |  | $ | 797.4 |  | $ | 346.2 |  | $ | 2,104.9 |  | $ | (3,151.3) |  | $ | 97.2
Net cash provided (used) by operating activities from discontinued operations |  |  | 1.7 |  |  | 2.7 |  |  | 3.2 |  |  | (90.0) |  |  | (82.4)
Net cash provided provided by operating activities |  |  | 799.1 |  |  | 348.9 |  |  | 2,108.1 |  |  | (3,241.3) |  |  | 14.8
Cash flows from investing activities |  |  | . |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (29.5) |  |  | (15.0) |  |  | (13.9) |  |  | — |  |  | (58.4)
Proceeds from sales of property, plant and equipment |  |  | 2.0 |  |  | — |  |  | 0.1 |  |  | — |  |  | 2.1
Proceeds from sale of discontinued operations, net of cash |  |  | 2,859.5 |  |  | — |  |  | — |  |  | — |  |  | 2,859.5
Other investing activities |  |  | — |  |  | — |  |  | (0.3) |  |  | — |  |  | (0.3)
Net cash provided (used) by investing activities from continuing operations |  |  | 2,832.0 |  |  | (15.0) |  |  | (14.1) |  |  | — |  |  | 2,802.9
Net cash used by investing activities from discontinued operations |  |  | (1.1) |  |  | (2.5) |  |  | (1.7) |  |  | — |  |  | (5.3)
Net cash provided (used) by investing activities |  |  | 2,830.9 |  |  | (17.5) |  |  | (15.8) |  |  | — |  |  | 2,797.6
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt |  |  | 300.0 |  |  | — |  |  | — |  |  | — |  |  | 300.0
Payment of debt |  |  | (2,250.0) |  |  | (4.7) |  |  | (8.0) |  |  | — |  |  | (2,262.7)
Payment of debt issuance costs |  |  | (4.1) |  |  | — |  |  | — |  |  | — |  |  | (4.1)
Payment of cash dividends to parent |  |  | (717.4) |  |  | — |  |  | — |  |  | — |  |  | (717.4)
Dividends paid by subsidiary to non-controlling interest |  |  | — |  |  | — |  |  | (1.1) |  |  | — |  |  | (1.1)
Advances related to intercompany transactions |  |  | (793.3) |  |  | (327.9) |  |  | (2,120.1) |  |  | 3,241.3 |  |  | —
Other financing activities |  |  | (8.9) |  |  | — |  |  | — |  |  | — |  |  | (8.9)
Net cash used by financing activities from continuing operations |  |  | (3,473.7) |  |  | (332.6) |  |  | (2,129.2) |  |  | 3,241.3 |  |  | (2,694.2)
Net cash used by financing activities from discontinued operations |  |  | (0.6) |  |  | (0.2) |  |  | (1.4) |  |  | — |  |  | (2.2)
Net cash used by financing activities |  |  | (3,474.3) |  |  | (332.8) |  |  | (2,130.6) |  |  | 3,241.3 |  |  | (2,696.4)
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | (8.4) |  |  | — |  |  | (8.4)
Net increase (decrease) in cash, cash equivalents and restricted cash |  |  | 155.7 |  |  | (1.4) |  |  | (46.7) |  |  | — |  |  | 107.6
Cash, cash equivalents and restricted cash, beginning of period |  |  | 285.5 |  |  | 1.8 |  |  | 227.0 |  |  | — |  |  | 514.3
Cash, cash equivalents and restricted cash, end of period |  | $ | 441.2 |  | $ | 0.4 |  | $ | 180.3 |  | $ | — |  | $ | 621.9
Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used) provided by operating activities from continuing operations |  | $ | (312.9) |  | $ | 43.5 |  | $ | 809.9 |  | $ | (316.8) |  | $ | 223.7
Net cash provided by operating activities from discontinued operations |  |  | 3.6 |  |  | 5.6 |  |  | 22.5 |  |  | 97.1 |  |  | 128.8
Net cash (used) provided by operating activities |  |  | (309.3) |  |  | 49.1 |  |  | 832.4 |  |  | (219.7) |  |  | 352.5
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (35.6) |  |  | (13.0) |  |  | (27.3) |  |  | — |  |  | (75.9)
Proceeds from sales of property, plant and equipment |  |  | 0.7 |  |  | 0.1 |  |  | 3.4 |  |  | — |  |  | 4.2
Other investing activity |  |  | — |  |  | (0.2) |  |  | (0.3) |  |  | — |  |  | (0.5)
Net cash used by investing activities from continuing operations |  |  | (34.9) |  |  | (13.1) |  |  | (24.2) |  |  | — |  |  | (72.2)
Net cash used by investing activities from discontinued operations |  |  | (6.0) |  |  | (5.6) |  |  | (15.4) |  |  | — |  |  | (27.0)
Net cash used by investing activities |  |  | (40.9) |  |  | (18.7) |  |  | (39.6) |  |  | — |  |  | (99.2)
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt |  |  | 520.0 |  |  | — |  |  | 19.6 |  |  | — |  |  | 539.6
Payment of debt |  |  | (52.3) |  |  | — |  |  | (17.0) |  |  | — |  |  | (69.3)
Payment of debt issuance costs |  |  | (0.4) |  |  | — |  |  | — |  |  | — |  |  | (0.4)
Payment of cash dividends to parent |  |  | (374.2) |  |  | — |  |  | — |  |  | — |  |  | (374.2)
Advances related to intercompany transactions |  |  | 527.7 |  |  | (33.4) |  |  | (714.1) |  |  | 219.8 |  |  | —
Other investing activities |  |  | (6.4) |  |  | — |  |  | — |  |  | — |  |  | (6.4)
Net cash provided (used) by financing activities from continuing operations |  |  | 614.4 |  |  | (33.4) |  |  | (711.5) |  |  | 219.8 |  |  | 89.3
Net cash used by financing activities from discontinued operations |  |  | — |  |  | — |  |  | (4.7) |  |  | (0.1) |  |  | (4.8)
Net cash provided (used) by financing activities |  |  | 614.4 |  |  | (33.4) |  |  | (716.2) |  |  | 219.7 |  |  | 84.5
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | (7.0) |  |  | — |  |  | (7.0)
Net increase (decrease) in cash, cash equivalents and restricted cash |  |  | 264.2 |  |  | (3.0) |  |  | 69.6 |  |  | — |  |  | 330.8
Cash, cash equivalents and restricted cash, beginning of period |  |  | 21.3 |  |  | 4.8 |  |  | 157.4 |  |  | — |  |  | 183.5
Cash, cash equivalents and restricted cash, end of period |  | $ | 285.5 |  | $ | 1.8 |  | $ | 227.0 |  | $ | — |  | $ | 514.3
‎ NOTE 22 – GUARANTOR STATEMENTS – SB/RH (continued)
Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Year Ended September 30, 2017 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities from continuing operations |  | $ | 638.2 |  | $ | 149.0 |  | $ | (140.7) |  | $ | (202.5) |  | $ | 444.0
Net cash provided by operating activities from discontinued operations |  |  | 8.8 |  |  | 15.5 |  |  | 11.1 |  |  | 168.2 |  |  | 203.6
Net cash provided (used) by operating activities |  |  | 647.0 |  |  | 164.5 |  |  | (129.6) |  |  | (34.3) |  |  | 647.6
Cash flows from investing activities |  |  | . |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (38.7) |  |  | (11.7) |  |  | (31.4) |  |  | — |  |  | (81.8)
Proceeds from sales of property, plant and equipment |  |  | 0.2 |  |  | 0.3 |  |  | 4.1 |  |  | — |  |  | 4.6
Business acquisitions, net of cash acquired |  |  | (289.4) |  |  | — |  |  | — |  |  | — |  |  | (289.4)
Other investing activity, net |  |  | — |  |  | (2.5) |  |  | (0.3) |  |  | — |  |  | (2.8)
Net cash used by investing activities from continuing operations |  |  | (327.9) |  |  | (13.9) |  |  | (27.6) |  |  | — |  |  | (369.4)
Net cash used by investing activities from discontinued operations |  |  | (8.8) |  |  | (12.4) |  |  | (10.7) |  |  | — |  |  | (31.9)
Net cash used by investing activities |  |  | (336.7) |  |  | (26.3) |  |  | (38.3) |  |  | — |  |  | (401.3)
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt |  |  | 250.0 |  |  | — |  |  | 15.6 |  |  | — |  |  | 265.6
Payment of debt |  |  | (214.9) |  |  | 0.3 |  |  | (14.6) |  |  | — |  |  | (229.2)
Payment of debt issuance costs |  |  | (5.9) |  |  | — |  |  | — |  |  | — |  |  | (5.9)
Payment of cash dividends to parent |  |  | (350.8) |  |  | — |  |  | — |  |  | — |  |  | (350.8)
Advances related to intercompany transactions |  |  | (54.2) |  |  | (135.9) |  |  | 155.8 |  |  | 34.3 |  |  | —
Purchase of non-controlling interest |  |  | (12.6) |  |  | — |  |  | — |  |  | — |  |  | (12.6)
Net cash (used) provided by financing activities from continuing operations |  |  | (388.4) |  |  | (135.6) |  |  | 156.8 |  |  | 34.3 |  |  | (332.9)
Net cash used by financing activities from discontinued operations |  |  | — |  |  | (0.3) |  |  | (3.1) |  |  | — |  |  | (3.4)
Net cash (used) provided by financing activities |  |  | (388.4) |  |  | (135.9) |  |  | 153.7 |  |  | 34.3 |  |  | (336.3)
Effect of exchange rate changes on cash and cash equivalents on Venezuela devaluation |  |  | — |  |  | — |  |  | (0.4) |  |  | — |  |  | (0.4)
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | 3.1 |  |  | — |  |  | 3.1
Net (decrease) increase in cash and cash equivalents |  |  | (78.1) |  |  | 2.3 |  |  | (11.5) |  |  | — |  |  | (87.3)
Cash and cash equivalents, beginning of period |  |  | 99.4 |  |  | 2.5 |  |  | 168.9 |  |  | — |  |  | 270.8
Cash and cash equivalents, end of period |  | $ | 21.3 |  | $ | 4.8 |  | $ | 157.4 |  | $ | — |  | $ | 183.5

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