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Significant Accounting Policies and Practices (Tables)

12 Months Ended

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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