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v3.22.2.2

SEGMENT INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Net Sales Relating to Segments | Net sales relating to the segments for the years ended September 30, 2022, 2021 and 2020 are as follows:
(in millions) |  | 2022 |  | 2021 |  | 2020
HPC |  | $ | 1,370.1 |  |  | $ | 1,260.1 |  |  | $ | 1,107.6 |
GPC |  | 1,175.3 |  |  | 1,129.9 |  |  | 962.6 |
H&G |  | 587.1 |  |  | 608.1 |  |  | 551.9 |
Net sales |  | $ | 3,132.5 |  |  | $ | 2,998.1 |  |  | $ | 2,622.1 |
Schedule of Segment Information | Segment Adjusted EBITDA in relation to the Company’s reportable segments for SBH for the years ended September 30, 2022, 2021, and 2020, is as follows:
SBH (in millions) |  | 2022 |  | 2021 |  | 2020
HPC |  | $ | 69.6 |  |  | $ | 102.6 |  |  | $ | 92.2 |
GPC |  | 168.6 |  |  | 212.1 |  |  | 172.0 |
H&G |  | 86.2 |  |  | 124.0 |  |  | 112.1 |
Total Segment Adjusted EBITDA |  | 324.4 |  |  | 438.7 |  |  | 376.3 |
Corporate |  | 41.3 |  |  | 46.9 |  |  | 52.4 |
Interest expense |  | 99.4 |  |  | 116.5 |  |  | 93.7 |
Depreciation |  | 49.0 |  |  | 51.9 |  |  | 59.3 |
Amortization |  | 50.3 |  |  | 65.1 |  |  | 55.3 |
Share based compensation |  | 10.2 |  |  | 29.4 |  |  | 36.1 |
Tristar acquisition and integration |  | 24.3 |  |  | 0.1 |  |  | — |
Rejuvenate acquisition and integration |  | 6.8 |  |  | 10.8 |  |  | — |
Armitage acquisition and integration |  | 1.4 |  |  | 10.9 |  |  | — |
Omega production integration |  | 4.6 |  |  | 1.3 |  |  | — |
HHI divestiture |  | 6.3 |  |  | 9.6 |  |  | — |
HPC separation initiatives |  | 19.1 |  |  | 14.2 |  |  | — |
Coevorden operations divestiture |  | 8.8 |  |  | 11.6 |  |  | 5.5 |
Fiscal 2022 restructuring |  | 9.8 |  |  | — |  |  | — |
Global ERP transformation |  | 13.1 |  |  | 4.3 |  |  | — |
GPC distribution center transition |  | 35.8 |  |  | 15.2 |  |  | — |
Global productivity improvement program |  | 5.1 |  |  | 21.2 |  |  | 71.1 |
Russia closing initiative |  | 1.9 |  |  | — |  |  | — |
HPC brand portfolio transitions |  | 1.3 |  |  | — |  |  | — |
Other project costs |  | 12.1 |  |  | 7.4 |  |  | 18.1 |
Unallocated shared costs |  | 27.6 |  |  | 26.9 |  |  | 17.4 |
Non-cash purchase accounting adjustments |  | 8.3 |  |  | 7.3 |  |  | — |
Gain from remeasurement of contingent consideration liability |  | (28.5) |  |  | — |  |  | — |
Loss on sale of Coevorden operations |  | — |  |  | — |  |  | 26.8 |
Write-off from impairment of intangible assets |  | — |  |  | — |  |  | 24.2 |
(Gain) loss on Energizer investment |  | — |  |  | (6.9) |  |  | 16.8 |
Legal and environmental |  | 1.5 |  |  | 6.0 |  |  | — |
Salus CLO debt extinguishment |  | — |  |  | — |  |  | (76.2) |
Early settlement of foreign currency cash flow hedges |  | (5.1) |  |  | — |  |  | — |
HPC product recall |  | 5.5 |  |  | — |  |  | — |
Salus and other |  | 4.8 |  |  | 0.1 |  |  | 0.9 |
Loss from operations before income taxes |  | $ | (90.3) |  |  | $ | (11.1) |  |  | $ | (25.1) |
Segment Adjusted EBITDA in relation to the Company’s reportable segments for SB/RH for the years ended September 30, 2022, 2021, and 2020, is as follows:
SB/RH (in millions) |  | 2022 |  | 2021 |  | 2020
HPC |  | $ | 69.6 |  |  | $ | 102.6 |  |  | $ | 92.2 |
GPC |  | 168.6 |  |  | 212.1 |  |  | 172.0 |
H&G |  | 86.2 |  |  | 124.0 |  |  | 112.1 |
Total Segment Adjusted EBITDA |  | 324.4 |  |  | 438.7 |  |  | 376.3 |
Corporate |  | 39.9 |  |  | 44.9 |  |  | 47.5 |
Interest expense |  | 99.8 |  |  | 116.8 |  |  | 93.2 |
Depreciation |  | 49.0 |  |  | 51.9 |  |  | 59.3 |
Amortization |  | 50.3 |  |  | $ | 65.1 |  |  | 55.3 |
Share and incentive based compensation |  | 9.1 |  |  | 27.7 |  |  | 34.8 |
Tristar acquisition and integration |  | 24.3 |  |  | 0.1 |  |  | — |
Rejuvenate acquisition and integration |  | 6.8 |  |  | 10.8 |  |  | — |
Armitage acquisition and integration |  | 1.4 |  |  | 10.9 |  |  | — |
Omega production integration |  | 4.6 |  |  | 1.3 |  |  | — |
HHI divestiture |  | 6.3 |  |  | 9.6 |  |  | — |
HPC separation initiatives |  | 19.1 |  |  | 14.2 |  |  | — |
Coevorden operations divestiture |  | 8.8 |  |  | 11.6 |  |  | 5.5 |
Fiscal 2022 restructuring |  | 9.8 |  |  | — |  |  | — |
Global ERP transformation |  | 13.1 |  |  | 4.3 |  |  | — |
GPC distribution center transition |  | 35.8 |  |  | 15.2 |  |  | — |
Global productivity improvement program |  | 5.1 |  |  | 21.2 |  |  | 71.1 |
Russia closing initiative |  | 1.9 |  |  | — |  |  | — |
HPC brand portfolio transitions |  | 1.3 |  |  | — |  |  | — |
Other project costs |  | 12.1 |  |  | 7.4 |  |  | 18.1 |
Unallocated shared costs |  | 27.6 |  |  | 26.9 |  |  | 17.4 |
Non-cash purchase adjustment |  | 8.3 |  |  | 7.3 |  |  | — |
Gain from remeasurement of contingent consideration liability |  | (28.5) |  |  | — |  |  | — |
Loss on sale of Coevorden operations |  | — |  |  | — |  |  | 26.8 |
Write-off from impairment of intangible assets |  | — |  |  | — |  |  | 24.2 |
(Gain) loss on Energizer investment |  | — |  |  | (6.9) |  |  | 16.8 |
Legal and environmental |  | 1.5 |  |  | 6.0 |  |  | — |
Gain on early settlement of cash flow hedges |  | (5.1) |  |  | — |  |  | — |
HPC Product Recall |  | 5.5 |  |  | — |  |  | — |
Other |  | 4.5 |  |  | 0.1 |  |  | 0.2 |
Loss from operations before income taxes |  | $ | (87.9) |  |  | $ | (7.7) |  |  | $ | (93.9) |
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, 2022, 2021 and 2020 and as of September 30, 2022 and 2021:
Depreciation and amortization (in millions) |  | 2022 |  | 2021 |  | 2020
HPC |  | $ | 28.7 |  |  | $ | 44.0 |  |  | $ | 35.2 |
GPC |  | 37.4 |  |  | 39.2 |  |  | 44.4 |
H&G |  | 18.6 |  |  | 19.2 |  |  | 20.4 |
Total segments |  | 84.7 |  |  | 102.4 |  |  | 100.0 |
Corporate and shared operations |  | 14.6 |  |  | 14.6 |  |  | 14.6 |
Total depreciation and amortization |  | $ | 99.3 |  |  | $ | 117.0 |  |  | $ | 114.6 |
Schedule of Capital Expenditures Relating to Segments |
Capital expenditures (in millions) |  | 2022 |  | 2021 |  | 2020
HPC |  | $ | 11.6 |  |  | $ | 9.3 |  |  | $ | 10.7 |
GPC |  | 17.7 |  |  | 18.6 |  |  | 14.5 |
H&G |  | 8.2 |  |  | 3.6 |  |  | 3.5 |
Total segment capital expenditures |  | 37.5 |  |  | 31.5 |  |  | 28.7 |
Corporate and shared operations |  | 26.5 |  |  | 12.1 |  |  | 15.4 |
Total capital expenditures |  | $ | 64.0 |  |  | $ | 43.6 |  |  | $ | 44.1 |
Segment Total Assets Relating to Segments |
|  | SBH |  | SB/RH
Segment total assets (in millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021
HPC |  | $ | 1,231.0 |  |  | $ | 879.4 |  |  | $ | 1,231.0 |  |  | $ | 879.4 |
GPC |  | 1,461.8 |  |  | 1,456.9 |  |  | 1,461.8 |  |  | 1,456.9 |
H&G |  | 846.5 |  |  | 853.1 |  |  | 846.5 |  |  | 853.1 |
Total segment assets |  | 3,539.3 |  |  | 3,189.4 |  |  | 3,539.3 |  |  | 3,189.4 |
Corporate and shared operations |  | 419.6 |  |  | 341.0 |  |  | 505.1 |  |  | 418.3 |
Total assets |  | $ | 3,958.9 |  |  | $ | 3,530.4 |  |  | $ | 4,044.4 |  |  | $ | 3,607.7 |
Net Sales by Geographic Area | Net sales SBH and SB/RH for the years ended September 30, 2022, 2021 and 2020 and long-lived asset information as of September 30, 2022 and 2021 by geographic area are as follows:
Net sales to external parties - Geographic Disclosure (in millions) |  | 2022 |  | 2021 |  | 2020
United States |  | $ | 1,901.6 |  |  | $ | 1,750.8 |  |  | $ | 1,627.4 |
Europe/MEA |  | 820.0 |  |  | 877.8 |  |  | 683.9 |
Latin America |  | 243.3 |  |  | 193.4 |  |  | 147.9 |
Asia-Pacific |  | 108.5 |  |  | 112.0 |  |  | 101.8 |
North America - Other |  | 59.1 |  |  | 64.1 |  |  | 61.1 |
Net sales |  | $ | 3,132.5 |  |  | $ | 2,998.1 |  |  | $ | 2,622.1 |
Long-Lived Assets by Geographic Area |
Long-lived assets - Geographic Disclosure (in millions) |  | 2022 |  | 2021 |  |  |  |
United States |  | $ | 279.7 |  |  | $ | 234.3 |  |  |  |  |
Europe/MEA |  | 52.8 |  |  | 64.4 |  |  |  |  |
Latin America |  | 3.2 |  |  | 3.8 |  |  |  |  |
Asia-Pacific |  | 10.6 |  |  | 14.2 |  |  |  |  |
Total long-lived assets |  | $ | 346.3 |  |  | $ | 316.7 |  |  |  |  |

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