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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Apr. 04, 2021
Mar. 29, 2020
Net Sales $ 1,149.8 $ 937.8 $ 2,294.7 $ 1,809.3
Cost of goods sold 744.5 606.0 1,467.0 1,198.5
Restructuring and related charges 1.3 2.9 1.4 12.8
Gross profit 404.0 328.9 826.3 598.0
Selling 173.2 150.0 340.0 296.1
General and administrative 89.0 81.9 180.9 162.2
Research and development 12.5 10.1 22.9 19.9
Restructuring and related charges 2.8 19.0 11.9 36.6
Transaction related charges 9.7 7.2 30.3 11.3
(Gain) loss on assets held for sale 0.0 (7.0) 0.0 25.7
Write-off from impairment of intangible assets 0.0 0.0 0.0 24.2
Total operating expenses 287.2 261.2 586.0 576.0
Operating income 116.8 67.7 240.3 22.0
Interest expense 65.5 35.5 102.2 70.4
Other non-operating (income) expense, net (1.2) 110.4 (7.4) 66.8
Income (loss) from continuing operations before income taxes 52.5 (78.2) 145.5 (115.2)
Income tax expense (benefit) 15.7 (19.0) 35.5 (18.3)
Net income (loss) from continuing operations 36.8 (59.2) 110.0 (96.9)
(Loss) income from discontinued operations, net of tax (1.1) 1.4 (1.4) 4.3
Net income (loss) 35.7 (57.8) 108.6 (92.6)
Net (loss) income attributable to non-controlling interest (0.9) (0.8) (0.1) 0.1
Net income (loss) attributable to controlling interest 36.6 (57.0) 108.7 (92.7)
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 37.7 (58.4) 110.1 (97.0)
Net (loss) income from discontinued operations attributable to controlling interest (1.1) 1.4 (1.4) 4.3
Net income (loss) attributable to controlling interest $ 36.6 $ (57.0) $ 108.7 $ (92.7)
Earnings Per Share        
Basic earnings per share from continuing operations (in dollars per share) $ 0.88 $ (1.29) $ 2.57 $ (2.09)
Basic earnings per share from discontinued operations (in dollars per share) (0.02) 0.03 (0.03) 0.09
Basic earnings per share (in dollars per share) 0.86 (1.26) 2.54 (2.00)
Diluted earnings per share from continuing operations (in dollars per share) 0.88 (1.29) 2.56 (2.09)
Diluted earnings per share from discontinued operations (in dollars per share) (0.03) 0.03 (0.03) 0.09
Diluted earnings per share (in dollars per share) 0.85 (1.26) 2.53 (2.00)
Dividend per share (in dollars per share) $ 0.42 $ 0.42 $ 0.84 $ 0.84
Weighted Average Shares Outstanding        
Basic (in shares) 42.6 45.1 42.8 46.4
Diluted (in shares) 42.9 45.1 43.0 46.4
SB/RH        
Net Sales $ 1,149.8 $ 937.8 $ 2,294.7 $ 1,809.3
Cost of goods sold 744.5 606.0 1,467.0 1,198.5
Restructuring and related charges 1.3 2.9 1.4 12.8
Gross profit 404.0 328.9 826.3 598.0
Selling 173.2 150.0 340.0 296.1
General and administrative 88.2 78.0 179.4 157.5
Research and development 12.5 10.1 22.9 19.9
Restructuring and related charges 2.8 19.0 11.9 36.6
Transaction related charges 9.7 7.2 30.3 11.3
(Gain) loss on assets held for sale 0.0 (7.0) 0.0 25.7
Write-off from impairment of intangible assets 0.0 0.0 0.0 24.2
Total operating expenses 286.4 257.3 584.5 571.3
Operating income 117.6 71.6 241.8 26.7
Interest expense 65.6 35.3 102.4 70.0
Other non-operating (income) expense, net (1.2) 110.4 (7.4) 66.8
Income (loss) from continuing operations before income taxes 53.2 (74.1) 146.8 (110.1)
Income tax expense (benefit) 15.9 (17.5) 35.8 (16.6)
Net income (loss) from continuing operations 37.3 (56.6) 111.0 (93.5)
(Loss) income from discontinued operations, net of tax (1.1) 1.4 (1.4) 4.3
Net income (loss) 36.2 (55.2) 109.6 (89.2)
Net (loss) income attributable to non-controlling interest (0.9) (0.8) (0.1) 0.1
Net income (loss) attributable to controlling interest 37.1 (54.4) 109.7 (89.3)
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 38.2 (55.8) 111.1 (93.6)
Net (loss) income from discontinued operations attributable to controlling interest (1.1) 1.4 (1.4) 4.3
Net income (loss) attributable to controlling interest $ 37.1 $ (54.4) $ 109.7 $ (89.3)