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Significant Accounting Policies and Practices (Tables) | 12 Months Ended
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Sep. 30, 2020
Accounting Policies [Abstract] |
Schedule of Useful Lives for Property, Plant and Equipment | Useful lives for property, plant and equipment are as follows:
Asset Type |  | Range
Buildings and improvements |  | 20 - 40 years
Machinery and equipment |  | 2 - 15 years
Schedule of Range and Weighted Average Useful Lives for Definite-Lived Intangible Assets | The range and weighted average useful lives for definite-lived intangibles assets are as follows:
Asset Type |  | Range |  | Weighted Average
Customer relationships |  | 5 - 20 years |  | 18.5 years
Technology assets |  | 5 - 18 years |  | 11.7 years
Tradenames |  | 5 - 13 years |  | 10.5 years
Schedule of Transaction Related Charges | The following table summarizes transaction related charges incurred by the Company during the years ended September 30, 2020, 2019 and 2018:
(in millions) |  | 2020 |  | 2019 |  | 2018
Coevorden operations divestiture |  | $ | 5.5 |  |  | $ | — |  |  | $ | — |
GBL post divestiture separation |  | 10.2 |  |  | 9.5 |  |  | — |
HPC divestiture |  | 3.9 |  |  | 7.3 |  |  | 14.9 |
PetMatrix integration |  | — |  |  | — |  |  | 4.9 |
Omega Sea acquisition |  | 1.6 |  |  | — |  |  | — |
Other integration |  | 1.9 |  |  | 5.0 |  |  | 10.4 |
Total transaction-related charges |  | $ | 23.1 |  |  | $ | 21.8 |  |  | $ | 30.2 |
Schedule of Error Corrections and Prior Period Adjustments | The Company has updated the Consolidated Statement of Financial Position and Consolidated Statements of Income as of and for the year ended September 30, 2019 within this filing to reflect the corrected numbers as follows:
|  | September 30, 2019
SBH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Deferred charges and other |  | $ | 51.7 |  |  | $ | 15.5 |  |  | $ | 67.2 |
Total assets |  | 5,230.5 |  |  | 15.5 |  |  | 5,246.0 |
Other current liabilities |  | 216.0 |  |  | (1.8) |  |  | 214.2 |
Current liabilities |  | 1,141.9 |  |  | (1.8) |  |  | 1,140.1 |
Deferred income taxes |  | 55.9 |  |  | (5.3) |  |  | 50.6 |
Total liabilities |  | 3,524.2 |  |  | (7.1) |  |  | 3,517.1 |
Accumulated earnings |  | 201.2 |  |  | 22.6 |  |  | 223.8 |
Total shareholders' equity |  | 1,698.3 |  |  | 22.6 |  |  | 1,720.9 |
Total equity |  | 1,706.3 |  |  | 22.6 |  |  | 1,728.9 |
Total liabilities and equity |  | 5,230.5 |  |  | 15.5 |  |  | 5,246.0 |
|  | September 30, 2019
SB/RH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Income tax payable |  | $ | 240.5 |  |  | $ | (1.8) |  |  | $ | 238.7 |
Current liabilities |  | 1,356.0 |  |  | (1.8) |  |  | 1,354.2 |
Deferred income taxes |  | 272.2 |  |  | (20.8) |  |  | 251.4 |
Total liabilities |  | 3,879.1 |  |  | (22.6) |  |  | 3,856.5 |
Accumulated deficit |  | (437.3) |  |  | 22.6 |  |  | (414.7) |
Total shareholder's equity |  | 1,402.5 |  |  | 22.6 |  |  | 1,425.1 |
Total equity |  | 1,412.1 |  |  | 22.6 |  |  | 1,434.7 |
|  | September 30, 2019
SBH (in millions, except per share) |  | As reported |  | Adjustment |  | As Adjusted
Income from discontinued operations, net of tax |  | $ | 659.9 |  |  | $ | 22.6 |  |  | $ | 682.5 |
Net income |  | 473.2 |  |  | 22.6 |  |  | 495.8 |
Net income from discontinued operations attributable to controlling interest |  | 659.9 |  |  | 22.6 |  |  | 682.5 |
Net income attributable to controlling interest |  | 471.9 |  |  | 22.6 |  |  | 494.5 |
Basic earnings per share from discontinued operations |  | 13.02 |  |  | 0.45 |  |  | 13.47 |
Basic earnings per share |  | 9.31 |  |  | 0.45 |  |  | 9.76 |
Diluted earnings per share from discontinued operations |  | 13.02 |  |  | 0.45 |  |  | 13.47 |
Diluted earnings per share |  | 9.31 |  |  | 0.45 |  |  | 9.76 |
|  | September 30, 2019
SB/RH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Income from discontinued operations, net of tax |  | $ | 659.9 |  |  | $ | 22.6 |  |  | $ | 682.5 |
Net income |  | 520.0 |  |  | 22.6 |  |  | 542.6 |
Net income from discontinued operations attributable to controlling interest |  | 659.9 |  |  | 22.6 |  |  | 682.5 |
Net income attributable to controlling interest |  | 518.7 |  |  | 22.6 |  |  | 541.3 |
The following summarizes the impact to the net income on the Company’s consolidated financial statements for the three month period ended September 30, 2019:
|  | Three Month Period Ended September 30, 2019
SBH (in millions, except per share) |  | As reported |  | Adjustment |  | As Adjusted
Net loss attributable to controlling interest from discontinued operations |  | $ | (39.3) |  |  | $ | 22.6 |  |  | $ | (16.7) |
Net loss attributable to controlling interest |  | (118.3) |  |  | 22.6 |  |  | (95.7) |
Basic earnings per share from discontinued operations |  | (0.81) |  |  | 0.46 |  |  | (0.35) |
Basic earnings per share |  | (2.43) |  |  | 0.46 |  |  | (1.97) |
Diluted earnings per share from discontinued operations |  | (0.81) |  |  | 0.46 |  |  | (0.35) |
Diluted earnings per share |  | (2.43) |  |  | 0.46 |  |  | (1.97) |
|  | Three Month Period Ended September 30, 2019
SB/RH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Net (loss) income attributable to controlling interest from discontinued operations |  | $ | (39.3) |  |  | $ | 22.6 |  |  | $ | (16.7) |
Net (loss) income attributable to controlling interest |  | (119.0) |  |  | 22.6 |  |  | (96.4) |

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