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v3.19.1

Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2018
Income Taxes [Abstract] |
Schedule Of Income Tax Expense |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | SBH |  | SB/RH
﻿(in millions) |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
﻿United States |  | $ | (140.4) |  | $ | (150.7) |  | $ | (130.3) |  | $ | 25.4 |  | $ | 50.7 |  | $ | 97.3
﻿Outside the United States |  |  | 104.7 |  |  | 122.8 |  |  | 122.4 |  |  | 104.7 |  |  | 122.9 |  |  | 122.3
﻿Income from operations before income taxes |  | $ | (35.7) |  | $ | (27.9) |  | $ | (7.9) |  | $ | 130.1 |  | $ | 173.6 |  | $ | 219.6
﻿
Schedule Of Components Of Income Tax Expense |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | SBH |  | SB/RH
﻿(in millions) |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
﻿Current tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Federal |  | $ | 58.1 |  | $ | 6.9 |  | $ | — |  | $ | 58.4 |  | $ | 4.2 |  | $ | 2.0
﻿Foreign |  |  | 34.7 |  |  | 13.2 |  |  | 32.0 |  |  | 34.7 |  |  | 13.2 |  |  | 31.5
﻿State and local |  |  | 1.0 |  |  | 0.6 |  |  | 4.4 |  |  | 1.0 |  |  | 0.6 |  |  | 4.3
﻿Total current tax expense |  |  | 93.8 |  |  | 20.7 |  |  | 36.4 |  |  | 94.1 |  |  | 18.0 |  |  | 37.8
﻿Deferred tax (benefit) expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Federal |  |  | (539.7) |  |  | (18.0) |  |  | (92.0) |  |  | (170.0) |  |  | (12.2) |  |  | (74.5)
﻿Foreign |  |  | 3.1 |  |  | (10.1) |  |  | 4.2 |  |  | 3.0 |  |  | (10.1) |  |  | 4.2
﻿State and local |  |  | (19.9) |  |  | (4.4) |  |  | (1.4) |  |  | (3.9) |  |  | (4.3) |  |  | (0.9)
﻿Total deferred tax expense |  |  | (556.5) |  |  | (32.5) |  |  | (89.2) |  |  | (170.9) |  |  | (26.6) |  |  | (71.2)
﻿Income tax expense |  | $ | (462.7) |  | $ | (11.8) |  | $ | (52.8) |  | $ | (76.8) |  | $ | (8.6) |  | $ | (33.4)
﻿
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 |  | $ | (8.8) |  | $ | (9.7) |  | $ | (2.8) |  | $ | 31.9 |  | $ | 60.8 |  | $ | 76.9
﻿Permanent items |  |  | 7.6 |  |  | 4.8 |  |  | 10.0 |  |  | (3.5) |  |  | 0.8 |  |  | 6.2
﻿Foreign statutory rate vs. U.S. statutory rate |  |  | 3.0 |  |  | (32.8) |  |  | (31.5) |  |  | 3.0 |  |  | (32.8) |  |  | (31.5)
﻿State income taxes, net of federal effect |  |  | (2.9) |  |  | 1.2 |  |  | 10.5 |  |  | (1.9) |  |  | 1.3 |  |  | 2.9
﻿Illinois state rate change |  |  | — |  |  | (3.4) |  |  | — |  |  | — |  |  | (3.4) |  |  | —
﻿Tax reform act - US rate change |  |  | (166.7) |  |  | — |  |  | — |  |  | (181.7) |  |  | — |  |  | —
﻿Tax reform act - mandatory repatriation |  |  | 73.1 |  |  | — |  |  | — |  |  | 73.1 |  |  | — |  |  | —
﻿Residual tax on foreign earnings |  |  | 5.9 |  |  | (36.1) |  |  | 15.9 |  |  | 5.9 |  |  | (36.1) |  |  | 15.9
﻿Benefit from adjustment to tax basis in assets |  |  | — |  |  | — |  |  | (8.5) |  |  | — |  |  | — |  |  | (8.5)
﻿Change in valuation allowance |  |  | (365.6) |  |  | 77.1 |  |  | (46.3) |  |  | (0.3) |  |  | 18.1 |  |  | (83.3)
﻿Unrecognized tax expense (benefit) |  |  | (0.1) |  |  | 3.9 |  |  | 8.4 |  |  | (0.1) |  |  | 3.9 |  |  | 8.3
﻿Foreign tax law changes |  |  | — |  |  | — |  |  | (3.7) |  |  | — |  |  | — |  |  | (3.7)
﻿Share based compensation adjustments |  |  | (5.5) |  |  | (4.9) |  |  | (0.2) |  |  | (0.5) |  |  | (0.4) |  |  | 0.4
﻿Impact of IRC Section 9100 relief |  |  | — |  |  | — |  |  | (16.4) |  |  | — |  |  | — |  |  | (16.4)
﻿Research and development tax credits |  |  | (1.9) |  |  | (9.3) |  |  | — |  |  | (1.9) |  |  | (9.3) |  |  | —
﻿UK Tax refund |  |  | — |  |  | (1.5) |  |  | — |  |  | — |  |  | (1.5) |  |  | —
﻿Outside basis difference |  |  | — |  |  | (0.8) |  |  | 6.4 |  |  | — |  |  | (5.4) |  |  | —
﻿Return to provision adjustments and other, net |  |  | (0.8) |  |  | (0.3) |  |  | 5.4 |  |  | (0.8) |  |  | (4.6) |  |  | (0.6)
﻿Income tax expense |  | $ | (462.7) |  | $ | (11.8) |  | $ | (52.8) |  | $ | (76.8) |  | $ | (8.6) |  | $ | (33.4)
﻿
Schedule Of Deferred Tax Assets and Deferred Tax Liabilities |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | SBH |  | SB/RH
﻿(in millions) |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |
﻿Employee benefits |  | $ | 24.8 |  | $ | 57.9 |  | $ | 23.1 |  | $ | 49.9
﻿Restructuring |  |  | 0.5 |  |  | 0.4 |  |  | 0.5 |  |  | 0.4
﻿Inventories and receivables |  |  | 25.0 |  |  | 32.7 |  |  | 25.0 |  |  | 32.7
﻿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 |  |  | 790.8 |  |  | 1,019.2 |  |  | 281.8 |  |  | 362.2
﻿Other |  |  | 30.2 |  |  | 37.9 |  |  | 44.5 |  |  | 25.0
﻿Total deferred tax assets |  |  | 951.6 |  |  | 1,269.9 |  |  | 437.7 |  |  | 542.5
﻿Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |
﻿Property, plant and equipment |  |  | 51.4 |  |  | 31.4 |  |  | 51.4 |  |  | 31.4
﻿Unrealized gains |  |  | 7.3 |  |  | 5.7 |  |  | 7.3 |  |  | 5.7
﻿Intangibles |  |  | 416.4 |  |  | 580.2 |  |  | 416.4 |  |  | 580.2
﻿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 |  |  | 7.6 |  |  | 2.5 |  |  | 7.6 |  |  | 1.5
﻿Total deferred tax liabilities |  |  | 540.9 |  |  | 722.5 |  |  | 540.9 |  |  | 713.1
﻿Net deferred tax liabilities |  |  | 410.7 |  |  | 547.4 |  |  | (103.2) |  |  | (170.6)
﻿Valuation allowance |  |  | (282.6) |  |  | (946.4) |  |  | (178.4) |  |  | (243.5)
﻿Net deferred tax liabilities, net valuation allowance |  | $ | 128.1 |  | $ | (399.0) |  | $ | (281.6) |  | $ | (414.1)
﻿Reported as: |  |  |  |  |  |  |  |  |  |  |  |
﻿Deferred charges and other |  | $ | 163.1 |  | $ | 16.8 |  | $ | 5.4 |  | $ | 1.7
﻿Deferred taxes (noncurrent liability) |  |  | 35.0 |  |  | 415.8 |  |  | 287.0 |  |  | 415.8
﻿
Schedule Of Unrecognized Tax Benefits |
﻿ |  |  |  |  |  |  |  |  |
﻿(in millions) |  | 2018 |  | 2017 |  | 2016
﻿Unrecognized tax benefits, beginning of year |  | $ | 15.6 |  | $ | 11.8 |  | $ | 8.5
﻿Gross increase – tax positions in prior period |  |  | 0.9 |  |  | 3.4 |  |  | 3.2
﻿Gross decrease – tax positions in prior period |  |  | (3.3) |  |  | (0.2) |  |  | (0.3)
﻿Gross increase – tax positions in current period |  |  | 2.4 |  |  | 0.9 |  |  | 1.1
﻿Settlements |  |  | (0.4) |  |  | — |  |  | (0.7)
﻿Lapse of statutes of limitations |  |  | (0.2) |  |  | (0.3) |  |  | —
﻿Unrecognized tax benefits, end of year |  | $ | 15.0 |  | $ | 15.6 |  | $ | 11.8
﻿

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