XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.22.2

DIVESTITURES (Tables) | 9 Months Ended
--- | ---
Jul. 03, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Components of Income from Discontinued Operations, Net of Tax | The following table summarizes the components of Income from Discontinued Operations, Net of Tax in the accompanying Condensed Consolidated Statements of Income for the three and nine month periods ended July 3, 2022 and July 4, 2021:
|  | Three Month Periods Ended |  | Nine Month Periods Ended
(in millions) |  | July 3, 2022 |  | July 4, 2021 |  | July 3, 2022 |  | July 4, 2021
Income from discontinued operations before income taxes – HHI |  | $ | 57.9 |  |  | $ | 65.7 |  |  | $ | 188.9 |  |  | $ | 229.4 |
Loss from discontinued operations before income taxes – Other |  | (0.2) |  |  | (5.2) |  |  | (3.6) |  |  | (6.5) |
Interest on corporate debt allocated to discontinued operations |  | 11.9 |  |  | 10.2 |  |  | 33.3 |  |  | 34.8 |
Income from discontinued operations before income taxes |  | 45.8 |  |  | 50.3 |  |  | 152.0 |  |  | 188.1 |
Income tax expense from discontinued operations |  | 15.9 |  |  | 17.7 |  |  | 42.2 |  |  | 58.0 |
Income from discontinued operations, net of tax |  | 29.9 |  |  | 32.6 |  |  | 109.8 |  |  | 130.1 |
Income (loss) from discontinued operations, net of tax attributable to noncontrolling interest |  | 0.2 |  |  | — |  |  | 0.7 |  |  | (0.2) |
Income from discontinued operations, net of tax attributable to controlling interest |  | $ | 29.7 |  |  | $ | 32.6 |  |  | $ | 109.1 |  |  | $ | 130.3 |
Summary of Assets and Liabilities Held for Sale | The following table summarizes the assets and liabilities of the HHI disposal group classified as held for sale as of July 3, 2022 and September 30, 2021:
(in millions) |  | July 3, 2022 |  | September 30, 2021
Assets |  |  |  |
Trade receivables, net |  | $ | 144.7 |  |  | $ | 130.2 |
Other receivables |  | 5.5 |  |  | 12.1 |
Inventories |  | 395.1 |  |  | 332.2 |
Prepaid expenses and other current assets |  | 39.2 |  |  | 39.1 |
Property, plant and equipment, net |  | 162.6 |  |  | 143.5 |
Operating lease assets |  | 64.7 |  |  | 55.5 |
Deferred charges and other |  | 6.8 |  |  | 11.7 |
Goodwill |  | 706.7 |  |  | 710.9 |
Intangible assets, net |  | 374.5 |  |  | 374.8 |
Total assets of business held for sale |  | $ | 1,899.8 |  |  | $ | 1,810.0 |
Liabilities |  |  |  |
Current portion of long-term debt |  | $ | 1.5 |  |  | $ | 1.5 |
Accounts payable |  | 233.9 |  |  | 206.6 |
Accrued wages and salaries |  | 27.7 |  |  | 41.7 |
Other current liabilities |  | 69.2 |  |  | 75.9 |
Long-term debt, net of current portion |  | 54.9 |  |  | 54.4 |
Long-term operating lease liabilities |  | 49.9 |  |  | 48.6 |
Deferred income taxes |  | 8.3 |  |  | 7.8 |
Other long-term liabilities |  | 14.9 |  |  | 17.8 |
Total liabilities of business held for sale |  | $ | 460.3 |  |  | $ | 454.3 |
Summary of Components of Income from Discontinued Operations Before Income Taxes | The following table summarizes the components of income from discontinued operations before income taxes associated with the HHI divestiture in the accompanying Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2022 and July 4, 2021:
|  | Three Month Periods Ended |  | Nine Month Periods Ended
(in millions) |  | July 3, 2022 |  | July 4, 2021 |  | July 3, 2022 |  | July 4, 2021
Net sales |  | $ | 417.0 |  |  | $ | 418.9 |  |  | $ | 1,212.4 |  |  | $ | 1,217.2 |
Cost of goods sold |  | 284.0 |  |  | 275.7 |  |  | 797.4 |  |  | 764.6 |
Gross profit |  | 133.0 |  |  | 143.2 |  |  | 415.0 |  |  | 452.6 |
Operating expenses |  | 75.1 |  |  | 75.2 |  |  | 221.6 |  |  | 215.5 |
Operating income |  | 57.9 |  |  | 68.0 |  |  | 193.4 |  |  | 237.1 |
Interest expense |  | 0.9 |  |  | 0.8 |  |  | 2.5 |  |  | 2.5 |
Other non-operating (income) expense, net |  | (0.9) |  |  | 1.5 |  |  | 2.0 |  |  | 5.2 |
Income from discontinued operations before income taxes |  | $ | 57.9 |  |  | $ | 65.7 |  |  | $ | 188.9 |  |  | $ | 229.4 |
Summary of Significant Non-cash Items and Capital Expenditures of Discontinued Operations | The following table presents significant non-cash items and capital expenditures of discontinued operations from the HHI divestiture for the three and nine month periods ended July 3, 2022 and July 4, 2021:
|  | Three Month Periods Ended |  | Nine Month Periods Ended
(in millions) |  | July 3, 2022 |  | July 4, 2021 |  | July 3, 2022 |  | July 4, 2021
Depreciation and amortization |  | $ | — |  |  | $ | 8.4 |  |  | $ | — |  |  | $ | 25.5 |
Share based compensation |  | $ | (0.1) |  |  | $ | (0.2) |  |  | $ | 3.9 |  |  | $ | 2.2 |
Purchases of property, plant and equipment |  | $ | 5.6 |  |  | $ | 5.5 |  |  | $ | 18.1 |  |  | $ | 17.0 |

X
- Definition Disposal Groups, Including Discontinued Operations, Non-cash Items And Capital Expenditures + References No definition available. + Details
Name: | spb_DisposalGroupsIncludingDiscontinuedOperationsNonCashItemsAndCapitalExpendituresTableTextBlock
Namespace Prefix: | spb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Divestiture Income, Net Of Tax Disclosures [Table Text Block] + References No definition available. + Details
Name: | spb_ScheduleOfDivestitureIncomeNetOfTaxDisclosuresTableTextBlock
Namespace Prefix: | spb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Divestiture Income Statement Disclosures [Table Text Block] + References No definition available. + Details
Name: | spb_ScheduleOfDivestitureIncomeStatementDisclosuresTableTextBlock
Namespace Prefix: | spb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration