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Condensed Consolidated Statements of Income - SB/RH - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Net sales $ 818.0 $ 743.8 $ 2,383.0 $ 2,240.3
Cost of goods sold 542.0 481.2 1,632.1 1,463.9
Gross profit 276.0 262.6 750.9 776.4
Selling 161.9 136.0 457.9 372.6
General and administrative 94.3 88.9 289.3 280.5
Research and development 6.1 7.8 22.0 22.2
Gain from contingent consideration liability (25.0) 0.0 (25.0) 0.0
Total operating expenses 237.3 232.7 744.2 675.3
Operating income 38.7 29.9 6.7 101.1
Interest expense 26.0 20.4 72.4 96.4
Other non-operating expense (income), net 7.7 1.4 7.4 (9.8)
Income (loss) from continuing operations before income taxes 5.0 8.1 (73.1) 14.5
Income tax expense (benefit) 2.0 10.0 (20.8) 5.3
Net income (loss) from continuing operations 3.0 (1.9) (52.3) 9.2
Income from discontinued operations, net of tax 29.9 32.6 109.8 130.1
Net income 32.9 30.7 57.5 139.3
Net income from continuing operations attributable to non-controlling interest 0.0 0.0 0.0 0.1
Net income (loss) from discontinued operations attributable to non-controlling interest 0.2 0.0 0.7 (0.2)
Net income attributable to controlling interest 32.7 30.7 56.8 139.4
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 3.0 (1.9) (52.3) 9.1
Net income from discontinued operations attributable to controlling interest 29.7 32.6 109.1 130.3
Net income attributable to controlling interest 32.7 30.7 56.8 139.4
SB/RH        
Net sales 818.0 743.8 2,383.0 2,240.3
Cost of goods sold 542.0 481.2 1,632.1 1,463.9
Gross profit 276.0 262.6 750.9 776.4
Selling 161.9 136.0 457.9 372.6
General and administrative 93.5 87.3 287.4 277.7
Research and development 6.1 7.8 22.0 22.2
Gain from contingent consideration liability (25.0) 0.0 (25.0) 0.0
Total operating expenses 236.5 231.1 742.3 672.5
Operating income 39.5 31.5 8.6 103.9
Interest expense 26.1 20.5 72.7 96.6
Other non-operating expense (income), net 7.7 1.4 7.3 (9.8)
Income (loss) from continuing operations before income taxes 5.7 9.6 (71.4) 17.1
Income tax expense (benefit) 2.0 10.6 (20.4) 6.1
Net income (loss) from continuing operations 3.7 (1.0) (51.0) 11.0
Income from discontinued operations, net of tax 29.8 32.7 109.7 130.3
Net income 33.5 31.7 58.7 141.3
Net income from continuing operations attributable to non-controlling interest 0.0 0.0 0.0 0.1
Net income (loss) from discontinued operations attributable to non-controlling interest 0.2 0.0 0.7 (0.2)
Net income attributable to controlling interest 33.3 31.7 58.0 141.4
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 3.7 (1.0) (51.0) 10.9
Net income from discontinued operations attributable to controlling interest 29.6 32.7 109.0 130.5
Net income attributable to controlling interest $ 33.3 $ 31.7 $ 58.0 $ 141.4