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v3.20.2

Segment Information (Tables) | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Net Sales Relating to Segments | Net sales relating to the segments for the years ended September 30, 2020, 2019 and 2018 are as follows:
(in millions) |  | 2020 |  | 2019 |  | 2018
HHI |  | $ | 1,342.1 |  |  | $ | 1,355.7 |  |  | $ | 1,377.7 |
HPC |  | 1,107.6 |  |  | 1,068.1 |  |  | 1,110.4 |
GPC |  | 962.6 |  |  | 870.2 |  |  | 820.5 |
H&G |  | 551.9 |  |  | 508.1 |  |  | 500.1 |
Net sales |  | $ | 3,964.2 |  |  | $ | 3,802.1 |  |  | $ | 3,808.7 |
Schedule of Segment Information | Segment Adjusted EBITDA in relation to the Company’s reportable segments for SBH and SB/RH for the years ended September 30, 2020, 2019 and 2018, is as follows:
SBH (in millions) |  | 2020 |  | 2019 |  | 2018
HHI |  | $ | 256.3 |  |  | $ | 253.7 |  |  | $ | 254.7 |
HPC |  | 92.2 |  |  | 87.2 |  |  | 118.8 |
GPC |  | 172.0 |  |  | 142.6 |  |  | 136.6 |
H&G |  | 112.1 |  |  | 105.5 |  |  | 107.5 |
Total Segment Adjusted EBITDA |  | 632.6 |  |  | 589.0 |  |  | 617.6 |
Corporate |  | 52.4 |  |  | 22.0 |  |  | 36.3 |
Interest expense |  | 144.5 |  |  | 222.1 |  |  | 264.0 |
Depreciation and amortization |  | 148.5 |  |  | 180.8 |  |  | 125.3 |
Share and incentive based compensation |  | 43.6 |  |  | 53.7 |  |  | 11.9 |
Restructuring and related charges |  | 72.6 |  |  | 65.7 |  |  | 75.6 |
Transaction related charges |  | 23.1 |  |  | 21.8 |  |  | 30.2 |
Loss on assets held for sale |  | 26.8 |  |  | — |  |  | — |
Write-off from impairment of goodwill |  | — |  |  | 116.0 |  |  | — |
Write-off from impairment of intangible assets |  | 24.2 |  |  | 35.4 |  |  | 20.3 |
Loss on Energizer investment |  | 16.8 |  |  | 12.1 |  |  | — |
Foreign currency loss on multicurrency divestiture loans |  | 3.8 |  |  | 36.2 |  |  | — |
Legal and environmental remediation reserves |  | — |  |  | 10.0 |  |  | — |
Inventory acquisition step-up |  | — |  |  | — |  |  | 0.8 |
GPC safety recall |  | — |  |  | 0.7 |  |  | 18.9 |
Spectrum merger related transaction charges |  | — |  |  | — |  |  | 45.9 |
Non-recurring HRG operating costs |  | — |  |  | — |  |  | 18.9 |
Salus |  | 0.6 |  |  | 1.6 |  |  | 1.1 |
Salus CLO debt extinguishment |  | (76.2) |  |  | — |  |  | — |
Other |  | (3.5) |  |  | 4.7 |  |  | 4.1 |
Income (loss) from operations before income taxes |  | $ | 155.4 |  |  | $ | (193.8) |  |  | $ | (35.7) |
SB/RH (in millions) |  | 2020 |  | 2019 |  | 2018
HHI |  | $ | 256.3 |  |  | $ | 253.7 |  |  | $ | 254.7 |
HPC |  | 92.2 |  |  | 87.2 |  |  | 118.8 |
GPC |  | 172.0 |  |  | 142.6 |  |  | 136.6 |
H&G |  | 112.1 |  |  | 105.5 |  |  | 107.5 |
Total Segment Adjusted EBITDA |  | 632.6 |  |  | 589.0 |  |  | 617.6 |
Corporate |  | 47.4 |  |  | 20.7 |  |  | 35.9 |
Interest expense |  | 144.0 |  |  | 162.0 |  |  | 167.0 |
Depreciation and amortization |  | 148.5 |  |  | 180.8 |  |  | 124.6 |
Share and incentive based compensation |  | 42.3 |  |  | 52.1 |  |  | 8.8 |
Restructuring and related charges |  | 72.6 |  |  | 65.7 |  |  | 75.6 |
Transaction related charges |  | 23.1 |  |  | 21.8 |  |  | 30.2 |
Loss on assets held for sale |  | 26.8 |  |  | — |  |  | — |
Write-off from impairment of goodwill |  | — |  |  | 116.0 |  |  | — |
Write-off from impairment of intangible assets |  | 24.2 |  |  | 35.4 |  |  | 20.3 |
Loss on Energizer investment |  | 16.8 |  |  | 12.1 |  |  | — |
Foreign currency loss on multicurrency divestiture loans |  | 3.8 |  |  | 36.2 |  |  | — |
Legal and environmental remediation reserves |  | — |  |  | 10.0 |  |  | — |
Inventory acquisition step-up |  | — |  |  | — |  |  | 0.8 |
GPC safety recall |  | — |  |  | 0.7 |  |  | 18.9 |
Other |  | (3.5) |  |  | 4.7 |  |  | 5.4 |
Income (loss) from operations before income taxes |  | $ | 86.6 |  |  | $ | (129.2) |  |  | $ | 130.1 |
Schedule of Depreciation and Amortization Relating to Segments | Other financial information relating to the segments of SBH and SB/RH are as follows for the years ended September 30, 2020, 2019 and 2018 and as of September 30, 2020 and 2019:
|  | SBH |  | SB/RH
Depreciation and amortization (in millions) |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
HHI |  | $ | 33.9 |  |  | $ | 33.5 |  |  | $ | 40.0 |  |  | $ | 33.9 |  |  | $ | 33.5 |  |  | $ | 40.0 |
HPC |  | 35.2 |  |  | 64.6 |  |  | 8.8 |  |  | 35.2 |  |  | 64.6 |  |  | 8.8 |
GPC |  | 44.4 |  |  | 48.8 |  |  | 42.3 |  |  | 44.4 |  |  | 48.8 |  |  | 42.3 |
H&G |  | 20.4 |  |  | 19.3 |  |  | 18.8 |  |  | 20.4 |  |  | 19.3 |  |  | 18.8 |
Total segments |  | 133.9 |  |  | 166.2 |  |  | 109.9 |  |  | 133.9 |  |  | 166.2 |  |  | 109.9 |
Corporate and shared operations |  | 14.6 |  |  | 14.6 |  |  | 15.4 |  |  | 14.6 |  |  | 14.6 |  |  | 14.7 |
Total depreciation and amortization |  | $ | 148.5 |  |  | $ | 180.8 |  |  | $ | 125.3 |  |  | $ | 148.5 |  |  | $ | 180.8 |  |  | $ | 124.6 |
Schedule of Capital Expenditures Relating to Segments |
|  | SBH |  | SB/RH
Capital expenditures (in millions) |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
HHI |  | $ | 16.9 |  |  | $ | 18.0 |  |  | $ | 15.6 |  |  | $ | 16.9 |  |  | $ | 18.0 |  |  | $ | 15.6 |
HPC |  | 10.7 |  |  | 11.0 |  |  | 14.8 |  |  | 10.7 |  |  | 11.0 |  |  | 14.8 |
GPC |  | 14.5 |  |  | 16.0 |  |  | 24.6 |  |  | 14.5 |  |  | 16.0 |  |  | 24.6 |
H&G |  | 3.5 |  |  | 5.9 |  |  | 6.4 |  |  | 3.5 |  |  | 5.9 |  |  | 6.4 |
Total segment capital expenditures |  | 45.6 |  |  | 50.9 |  |  | 61.4 |  |  | 45.6 |  |  | 50.9 |  |  | 61.4 |
Corporate and shared operations |  | 15.4 |  |  | 7.5 |  |  | 14.5 |  |  | 15.4 |  |  | 7.5 |  |  | 14.5 |
Total capital expenditures |  | $ | 61.0 |  |  | $ | 58.4 |  |  | $ | 75.9 |  |  | $ | 61.0 |  |  | $ | 58.4 |  |  | $ | 75.9 |
Segment Total Assets Relating to Segments |
|  | SBH |  | SB/RH
Segment total assets (in millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
HHI |  | $ | 1,786.5 |  |  | $ | 1,611.0 |  |  | $ | 1,786.5 |  |  | $ | 1,611.0 |
HPC |  | 825.3 |  |  | 833.6 |  |  | 825.3 |  |  | 833.6 |
GPC |  | 1,200.4 |  |  | 1,275.4 |  |  | 1,200.4 |  |  | 1,275.4 |
H&G |  | 546.1 |  |  | 538.6 |  |  | 546.1 |  |  | 538.6 |
Total segment assets |  | 4,358.3 |  |  | 4,258.6 |  |  | 4,358.3 |  |  | 4,258.6 |
Corporate and shared operations |  | 749.0 |  |  | 987.4 |  |  | 826.0 |  |  | 1,032.6 |
Total assets |  | $ | 5,107.3 |  |  | $ | 5,246.0 |  |  | $ | 5,184.3 |  |  | $ | 5,291.2 |
Net Sales By Geographic Area | Net sales SBH and SB/RH for the years ended September 30, 2020, 2019 and 2018 and long-lived asset information as of September 30, 2020 and 2019 by geographic area are as follows:
|  | SBH and SB/RH
Net sales to external parties - Geographic Disclosure (in millions) |  | 2020 |  | 2019 |  | 2018
United States |  | $ | 2,822.5 |  |  | $ | 2,649.5 |  |  | $ | 2,627.2 |
Europe/MEA |  | 683.9 |  |  | 656.6 |  |  | 669.4 |
Latin America |  | 182.3 |  |  | 205.4 |  |  | 212.1 |
North America - Other |  | 171.2 |  |  | 168.5 |  |  | 173.9 |
Asia-Pacific |  | 104.3 |  |  | 122.1 |  |  | 126.1 |
Net sales |  | $ | 3,964.2 |  |  | $ | 3,802.1 |  |  | $ | 3,808.7 |
Long-Lived Assets By Geographic Area |
|  | SBH |  | SB/RH
Long-lived assets - Geographic Disclosure (in millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
United States |  | $ | 354.7 |  |  | $ | 308.3 |  |  | $ | 354.7 |  |  | $ | 308.3 |
Europe/MEA |  | 58.3 |  |  | 83.0 |  |  | 58.3 |  |  | 83.0 |
Latin America |  | 15.1 |  |  | 19.3 |  |  | 15.1 |  |  | 19.3 |
North America - Other |  | 3.5 |  |  | 1.1 |  |  | 3.5 |  |  | 1.1 |
Asia-Pacific |  | 68.7 |  |  | 41.2 |  |  | 68.7 |  |  | 41.2 |
Total long-lived assets |  | $ | 500.3 |  |  | $ | 452.9 |  |  | $ | 500.3 |  |  | $ | 452.9 |

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