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INCOME TAXES (Tables) | 12 Months Ended
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Sep. 30, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense | Income tax expense was calculated based upon the following components of income (loss) from operations before income taxes for the years ended September 30, 2021, 2020 and 2019:
|  | SBH |  | SB/RH
(in millions) |  | 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
United States |  | $ | (147.2) |  |  | $ | (42.0) |  |  | $ | (369.7) |  |  | $ | (143.8) |  |  | $ | (110.8) |  |  | $ | (312.9) |
Outside the United States |  | 136.1 |  |  | 16.9 |  |  | 15.5 |  |  | 136.1 |  |  | 16.9 |  |  | 15.5 |
Loss from continuing operations before income taxes |  | $ | (11.1) |  |  | $ | (25.1) |  |  | $ | (354.2) |  |  | $ | (7.7) |  |  | $ | (93.9) |  |  | $ | (297.4) |
Schedule of Components of Income Tax Expense | The components of income tax expense for the years ended September 30, 2021, 2020 and 2019 are as follows:
|  | SBH |  | SB/RH
(in millions) |  | 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
Current tax expense (benefit): |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 3.0 |  |  | $ | 0.3 |  |  | $ | (47.6) |  |  | $ | 3.0 |  |  | $ | 0.3 |  |  | $ | (47.6) |
Foreign |  | 32.6 |  |  | 2.2 |  |  | 29.2 |  |  | 32.6 |  |  | 2.2 |  |  | 29.2 |
State and local |  | 2.4 |  |  | 0.2 |  |  | 2.4 |  |  | 2.4 |  |  | 0.2 |  |  | 2.4 |
Total current tax expense (benefit) |  | 38.0 |  |  | 2.7 |  |  | (16.0) |  |  | 38.0 |  |  | 2.7 |  |  | (16.0) |
Deferred tax (benefit) expense: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | (64.8) |  |  | 9.1 |  |  | (19.6) |  |  | (63.4) |  |  | (5.1) |  |  | (7.1) |
Foreign |  | 5.9 |  |  | 1.1 |  |  | (3.2) |  |  | 5.9 |  |  | 1.1 |  |  | (3.2) |
State and local |  | (5.5) |  |  | 14.4 |  |  | (13.2) |  |  | (5.5) |  |  | 15.8 |  |  | (9.8) |
Total deferred tax (benefit) expense |  | (64.4) |  |  | 24.6 |  |  | (36.0) |  |  | (63.0) |  |  | 11.8 |  |  | (20.1) |
Income tax (benefit) expense |  | $ | (26.4) |  |  | $ | 27.3 |  |  | $ | (52.0) |  |  | $ | (25.0) |  |  | $ | 14.5 |  |  | $ | (36.1) |
Schedule of Reconciliation of Income Tax Expense | The following reconciles the total income tax expense, based on the U.S. Federal statutory income tax rate of 21% with the Company’s recognized income tax expense:
|  | SBH |  | SB/RH
(in millions) |  | 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
U.S. Statutory federal income tax benefit |  | $ | (2.3) |  |  | $ | (5.3) |  |  | $ | (74.4) |  |  | $ | (1.6) |  |  | $ | (19.7) |  |  | $ | (62.4) |
Permanent items |  | 13.9 |  |  | 13.6 |  |  | 2.6 |  |  | 13.9 |  |  | 13.6 |  |  | 2.7 |
Goodwill impairment |  | — |  |  | 2.8 |  |  | 12.2 |  |  | — |  |  | 2.8 |  |  | 12.2 |
Foreign statutory rate vs. U.S. statutory rate |  | (6.2) |  |  | (13.8) |  |  | (9.2) |  |  | (6.2) |  |  | (13.8) |  |  | (9.2) |
State income taxes, net of federal effect |  | (8.7) |  |  | (0.6) |  |  | (17.6) |  |  | (8.7) |  |  | (3.1) |  |  | (14.7) |
State effective rate change |  | 2.6 |  |  | 7.2 |  |  | 4.6 |  |  | 2.6 |  |  | 7.8 |  |  | 4.6 |
UK effective rate change |  | 8.2 |  |  | — |  |  | — |  |  | 8.2 |  |  | — |  |  | — |
GILTI |  | 4.9 |  |  | 3.7 |  |  | 2.6 |  |  | 4.9 |  |  | 3.7 |  |  | 2.6 |
GILTI impact of retroactive law changes |  | (18.1) |  |  | — |  |  | — |  |  | (18.1) |  |  | — |  |  | — |
Foreign dividend received deduction tax law change |  | — |  |  | — |  |  | 95.9 |  |  | — |  |  | — |  |  | 95.9 |
Tax reform act - mandatory repatriation |  | — |  |  | — |  |  | (48.0) |  |  | — |  |  | — |  |  | (48.0) |
Residual tax on foreign earnings |  | 2.6 |  |  | 6.0 |  |  | 0.2 |  |  | 2.6 |  |  | 6.0 |  |  | 0.2 |
Change in valuation allowance |  | (27.1) |  |  | 9.9 |  |  | (29.9) |  |  | (27.1) |  |  | 9.8 |  |  | (30.0) |
Unrecognized tax expense (benefit) |  | 0.2 |  |  | (8.5) |  |  | 7.5 |  |  | 0.2 |  |  | (8.5) |  |  | 7.5 |
Share based compensation adjustments |  | (0.7) |  |  | 0.1 |  |  | 4.3 |  |  | 0.1 |  |  | 0.5 |  |  | 4.3 |
Research and development tax credits |  | (2.4) |  |  | (1.6) |  |  | (3.1) |  |  | (2.4) |  |  | (1.6) |  |  | (3.1) |
Foreign rate differential on intercompany transfer of intangibles |  | — |  |  | 4.6 |  |  | — |  |  | — |  |  | 4.6 |  |  | — |
Partnership outside basis adjustment |  | 5.5 |  |  | 5.9 |  |  | 2.1 |  |  | 5.5 |  |  | 5.9 |  |  | 2.4 |
Return to provision adjustments and other, net |  | 1.2 |  |  | 3.3 |  |  | (1.8) |  |  | 1.1 |  |  | 6.5 |  |  | (1.1) |
Income tax (benefit) expense |  | $ | (26.4) |  |  | $ | 27.3 |  |  | $ | (52.0) |  |  | $ | (25.0) |  |  | $ | 14.5 |  |  | $ | (36.1) |
Schedule of Deferred Tax Assets and Deferred Tax Liabilities | The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2021 and 2020 are as follows:
|  | SBH |  | SB/RH
(in millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Deferred tax assets |  |  |  |  |  |  |  |
Employee benefits |  | $ | 36.7 |  |  | $ | 34.8 |  |  | $ | 36.6 |  |  | $ | 33.2 |
Inventories and receivables |  | 25.1 |  |  | 18.3 |  |  | 25.1 |  |  | 18.3 |
Marketing and promotional accruals |  | 17.0 |  |  | 14.9 |  |  | 17.0 |  |  | 14.9 |
Property, plant and equipment |  | 0.6 |  |  | 2.3 |  |  | 0.6 |  |  | 2.3 |
Unrealized losses |  | 19.1 |  |  | 19.1 |  |  | 19.1 |  |  | 19.1 |
Intangibles |  | 10.0 |  |  | 13.6 |  |  | 10.0 |  |  | 13.6 |
Operating lease liabilities |  | 25.9 |  |  | 23.1 |  |  | 25.9 |  |  | 23.1 |
Net operating loss and other carry forwards |  | 563.5 |  |  | 511.7 |  |  | 245.5 |  |  | 186.5 |
Other |  | 36.1 |  |  | 39.1 |  |  | 32.9 |  |  | 38.1 |
Total deferred tax assets |  | 734.0 |  |  | 676.9 |  |  | 412.7 |  |  | 349.1 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Property, plant and equipment |  | 9.4 |  |  | 8.2 |  |  | 9.4 |  |  | 8.2 |
Unrealized gains |  | 10.5 |  |  | 13.6 |  |  | 10.5 |  |  | 13.6 |
Intangibles |  | 287.9 |  |  | 287.1 |  |  | 287.9 |  |  | 287.2 |
Operating lease assets |  | 23.5 |  |  | 20.5 |  |  | 23.5 |  |  | 20.5 |
Investment in partnership |  | 69.6 |  |  | 63.3 |  |  | 69.3 |  |  | 63.0 |
Taxes on unremitted foreign earnings |  | 1.8 |  |  | 1.4 |  |  | 1.8 |  |  | 1.4 |
Other |  | 24.1 |  |  | 16.6 |  |  | 24.0 |  |  | 16.6 |
Total deferred tax liabilities |  | 426.8 |  |  | 410.7 |  |  | 426.4 |  |  | 410.5 |
Net deferred tax liabilities |  | 307.2 |  |  | 266.2 |  |  | (13.7) |  |  | (61.4) |
Valuation allowance |  | (349.4) |  |  | (302.5) |  |  | (245.1) |  |  | (198.2) |
Net deferred tax liabilities, net valuation allowance |  | $ | (42.2) |  |  | $ | (36.3) |  |  | $ | (258.8) |  |  | $ | (259.6) |
Reported as: |  |  |  |  |  |  |  |
Deferred charges and other |  | $ | 17.3 |  |  | $ | 18.9 |  |  | $ | 13.6 |  |  | $ | 18.9 |
Deferred taxes (noncurrent liability) |  | 59.5 |  |  | 55.2 |  |  | 272.4 |  |  | 278.5 |
Schedule of Unrecognized Tax Benefits | The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2021, 2020 and 2019:
(in millions) |  | 2021 |  | 2020 |  | 2019
Unrecognized tax benefits, beginning of year |  | $ | 13.8 |  |  | $ | 20.7 |  |  | $ | 13.8 |
Gross increase – tax positions in prior period |  | 4.1 |  |  | 1.0 |  |  | 5.2 |
Gross decrease – tax positions in prior period |  | (0.2) |  |  | (4.4) |  |  | (0.4) |
Gross increase – tax positions in current period |  | 1.2 |  |  | 2.4 |  |  | 3.5 |
Settlements |  | (0.2) |  |  | (1.6) |  |  | — |
Lapse of statutes of limitations |  | (0.7) |  |  | (4.3) |  |  | (1.4) |
Unrecognized tax benefits, end of year |  | $ | 18.0 |  |  | $ | 13.8 |  |  | $ | 20.7 |

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