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SEGMENT INFORMATION
 12 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company identifies its segments based upon the internal organization that is used by management for making operating decisions and assessing performance as the source of its reportable segments. The Company manages its continuing operations in three vertically integrated, product-focused reporting segments: (i) GPC, which consists of the Company’s global pet care business; (ii) H&G, which consists of the Company’s home and garden, insect control and cleaning products business and (iii) HPC, which consists of the Company’s global small kitchen and personal care appliances businesses. Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a president responsible for the sales and marketing initiatives and financial results for product lines within the segment. The segments are supported through center-led corporate shared service operations consisting of finance and accounting, information technology, legal and human resource, supply chain and commercial operations.
Net sales relating to the segments for the years ended September 30, 2023, 2022 and 2021 are as follows:
(in millions)202320222021
GPC$1,139.0 $1,175.3 $1,129.9 
H&G536.5 587.1 608.1 
HPC1,243.3 1,370.1 1,260.1 
Net sales$2,918.8 $3,132.5 $2,998.1 
The Chief Operating Decision Maker of the Company uses Adjusted EBITDA as the primary operating metric in evaluating the business and making operating decisions. EBITDA is calculated by excluding the Company’s income tax expense, interest expense, depreciation expense and amortization expense (from intangible assets) from net income. Adjusted EBITDA further excludes:
•Share based compensation costs consist of costs associated with long-term compensation arrangements that generally consist of non-cash stock based compensation. See Note 18 - Share Based Compensation for further details;
•Incremental amounts attributable to strategic transactions and business development initiatives including, but not limited to, the acquisition or divestitures of a business, costs to effect and facilitate a transaction, including such cost to integrate or separate the respective business. These amounts are excluded from our performance metrics as they are reflective of incremental investment by the Company towards business development activities , incremental costs attributable to such transactions and are not considered recurring or reflective of the continuing ongoing operations of the consolidated group or segments;
•Incremental amounts realized towards restructuring and optimization projects including, but not limited to, costs towards the development and implementation of strategies to optimize operations and improve efficiency, reduce costs, increase revenues, increase or maintain our current profit margins, including recognition of one-time exit or disposal costs. These amounts are excluded from our ongoing performance metrics as they are reflective of incremental investment by the Company towards significant initiatives controlled by management, incremental costs directly attributable to such initiatives, indirect impact or disruption to operating performance during implementation, and are not considered recurring or reflective of the continuing ongoing operations of the consolidated group or segments;
•Unallocated shared costs associated with discontinued operations from certain shared and center-led administrative functions supporting the Company's business units excluded from income from discontinued operations as they are not a direct cost of the discontinued business but a result of indirect allocations, including but not limited to, information technology, human resources, finance and accounting, supply chain, and commercial operations. Amounts attributable to unallocated shared costs would be mitigated through subsequent strategic or restructuring initiatives, TSAs, elimination of extraneous costs, or re-allocations or absorption of existing continuing operations following the completed sale of the discontinued operations. See Note 3 - Divestitures for further details;
•Non-cash purchase accounting adjustments recognized in earnings from continuing operations subsequent to an acquisition, including, but not limited to, the costs attributable to the step-up in inventory value and the incremental value in operating lease assets with below market rent, among others;
•Non-cash asset impairments or write-offs realized and recognized in earnings from continuing operations, including impairments from property, plant and equipment, operating and finance leases, and goodwill and other intangible assets; See Note 10 - Property, Plant and Equipment, Note 11 -= Goodwill and Intangible Assets and Note 13 - Leases for further details;.
•Non-cash gain from the remeasurement of the contingent consideration liability associated with the Tristar Business acquisition recognized during the years ended September 30, 2023 and 2022, associated with the Tristar Business acquisition. See Note 4 - Acquisitions for further details;
•Non-cash gain realized from the repurchase of debt obligations at a discount, net deferred financing costs, during the year ended September 30, 2023. See Note 12 - Debt for further details;
•Incremental reserves for non-recurring litigation or environmental remediation activity including the proposed settlement on outstanding litigation matters at our H&G and HPC segments attributable to significant and unusual nonrecurring claims with no previous history or precedent recognized during the years ended September 30, 2023 2022 and 2021. See Note 20 – Commitments and Contingencies for further details;
•Impact from the early settlement of foreign currency cash flow hedges in the prior year, resulting in subsequent assumed losses at the original stated maturities of foreign currency cash flow hedges in our EMEA region that were settled early due to changes in the Company's legal entity organizational structure and forecasted purchasing strategy of HPC finished goods inventory within the region, resulting in the recognition of excluded gains during the year ended September 30, 2022 intended to mitigate costs through the year ending September 30, 2023;
•Incremental costs recognized by the HPC segment during the year ended September 30, 2023 for the approved disposal of select product SKUs and models associated with the acquired brands from the Tristar Business acquisition after assessing, among other things, performance and quality standards and the business risks associated with the continued support and distribution of such products. HPC management has suspended further sale of the selected products as part of a shift in its strategy for distribution and development of products within its brand portfolio and avoid deterioration and further reduction in the value of the acquired brands and supported products;
•Incremental costs recognized by the HPC segment attributable to the realization of product recalls initiated by the Company with costs realized during the years ended September 30, 2023 and 2022. See Note 20 - Commitments and Contingencies for further details;
•Gains attributable to the Company’s investment in Energizer common stock. During the year ended September 30, 2021, the Company sold its remaining shares in Energizer common stock; and
•Other adjustments primarily attributable to (1) costs associated with Salus as they are not considered a components of the continuing commercial products company (2) key executive severance related costs; (3) asset write-off for exit of certain GPC brands within China during year ended September 30, 2022, and (4) write-off of cost based investment previously held by the GPC segment during the year ended September 30, 2022.
Segment Adjusted EBITDA in relation to the Company’s reportable segments for SBH for the years ended September 30, 2023, 2022, and 2021, is as follows:
SBH (in millions, unaudited)202320222021
GPC$190.6 $168.6 $212.1 
H&G72.5 86.2 124.0 
HPC43.1 69.6 102.6 
Total Segment Adjusted EBITDA306.2 324.4 438.7 
Corporate3.2 41.3 46.9 
Interest expense127.0 99.4 116.5 
Depreciation48.9 49.0 51.9 
Amortization42.3 50.3 65.1 
Share based compensation17.2 10.2 29.4 
Tristar acquisition and integration11.5 24.3 0.1 
Rejuvenate acquisition and integration— 6.8 10.8 
Armitage acquisition and integration— 1.4 10.9 
Omega production integration— 4.6 1.3 
HHI divestiture8.4 6.3 9.6 
HPC separation initiatives4.2 19.1 14.2 
Coevorden operations divestiture2.7 8.8 11.6 
Fiscal 2023 restructuring7.4 — — 
Fiscal 2022 restructuring0.4 9.8 — 
Global ERP transformation11.4 13.1 4.3 
GPC distribution center transition— 35.8 15.2 
Global productivity improvement program— 5.1 21.2 
Russia closing initiative3.2 1.9 — 
HPC brand portfolio transitions2.5 1.3 — 
Other project costs11.2 12.1 7.4 
Impairment of equipment and operating lease assets10.8 — — 
Impairment of goodwill111.1 — — 
Impairment of intangible assets120.7 — — 
Unallocated shared costs18.0 27.6 26.9 
Non-cash purchase accounting adjustments1.9 8.3 7.3 
Gain from remeasurement of contingent consideration liability(1.5)(28.5)— 
Legal and environmental3.0 1.5 6.0 
Gain from debt repurchase(7.9)— — 
HPC product disposal20.6 — — 
Early settlement of foreign currency cash flow hedges4.9 (5.1)— 
HPC product recall7.7 5.5 — 
Gain on Energizer investment— — (6.9)
Salus and other5.6 4.8 0.1 
Loss from operations before income taxes$(290.2)$(90.3)$(11.1)
Segment Adjusted EBITDA in relation to the Company’s reportable segments for SB/RH for the years ended September 30, 2023, 2022, and 2021, is as follows:
SB/RH (in millions)202320222021
GPC$190.6 $168.6 $212.1 
H&G72.5 86.2 124.0 
HPC43.1 69.6 102.6 
Total Segment Adjusted EBITDA306.2 324.4 438.7 
Corporate2.6 39.9 44.9 
Interest expense120.5 99.8 116.8 
Depreciation48.9 49.0 51.9 
Amortization42.3 50.3 65.1 
Share and incentive based compensation15.7 9.1 27.7 
Tristar acquisition and integration11.5 24.3 0.1 
Rejuvenate acquisition and integration— 6.8 10.8 
Armitage acquisition and integration— 1.4 10.9 
Omega production integration— 4.6 1.3 
HHI divestiture8.4 6.3 9.6 
HPC separation initiatives4.2 19.1 14.2 
Coevorden operations divestiture2.7 8.8 11.6 
Fiscal 2023 restructuring7.4 — — 
Fiscal 2022 restructuring0.4 9.8 — 
Global ERP transformation11.4 13.1 4.3 
GPC distribution center transition— 35.8 15.2 
Global productivity improvement program— 5.1 21.2 
Russia closing initiative3.2 1.9 — 
HPC brand portfolio transitions2.5 1.3 — 
Other project costs11.2 12.1 7.4 
Unallocated shared costs18.0 27.6 26.9 
Non-cash purchase adjustment1.9 8.3 7.3 
Gain from remeasurement of contingent consideration liability(1.5)(28.5)— 
Impairment of equipment and operating lease assets10.8 — — 
Impairment of goodwill111.1 — — 
Impairment of intangible assets120.7 — — 
Legal and environmental3.0 1.5 6.0 
HPC product disposal20.6 — — 
Gain from debt repurchase(7.9)— — 
Gain on early settlement of cash flow hedges4.9 (5.1)— 
HPC Product Recall7.7 5.5 — 
Gain on Energizer investment— — (6.9)
Other5.4 4.5 0.1 
Loss from operations before income taxes$(281.4)$(87.9)$(7.7)
Other financial information relating to the segments of SBH and SB/RH are as follows for the years ended September 30, 2023, 2022 and 2021 and as of September 30, 2023 and 2022:
Depreciation and amortization (in millions)202320222021
GPC$37.4 $37.4 $39.2 
H&G18.8 18.6 19.2 
HPC20.4 28.7 44.0 
Total segments76.6 84.7 102.4 
Corporate and shared operations14.6 14.6 14.6 
Total depreciation and amortization$91.2 $99.3 $117.0 

Capital expenditures (in millions)
202320222021
GPC$10.1 $17.7 $18.6 
H&G3.8 8.2 3.6 
HPC7.2 11.6 9.3 
Total segment capital expenditures21.1 37.5 31.5 
Corporate and shared operations37.9 26.5 12.1 
Total capital expenditures$59.0 $64.0 $43.6 
SBH
SB/RH
Segment total assets (in millions)
2023202220232022
GPC$1,436.4 $1,461.8 $1,436.4 $1,461.8 
H&G803.7 846.5 803.7 846.5 
HPC945.0 1,231.0 945.0 1,231.0 
Total segment assets3,185.1 3,539.3 3,185.1 3,539.3 
Corporate and shared operations2,073.3 419.6 2,162.2 505.1 
Total assets$5,258.4 $3,958.9 $5,347.3 $4,044.4 
Net sales SBH and SB/RH for the years ended September 30, 2023, 2022 and 2021 and long-lived asset information as of September 30, 2023 and 2022 by geographic area are as follows:
Net sales to external parties - Geographic Disclosure (in millions)
202320222021
United States$1,722.4 $1,901.6 $1,750.8 
Europe/MEA830.7 820.0 877.8 
Latin America206.8 243.3 193.4 
Asia-Pacific106.6 108.5 112.0 
North America - Other52.3 59.1 64.1 
Net sales$2,918.8 $3,132.5 $2,998.1 
Long-lived assets - Geographic Disclosure (in millions)
20232022
United States$321.4 $279.7 
Europe/MEA53.7 52.8 
Latin America2.6 3.2 
Asia-Pacific8.2 10.6 
Total long-lived assets$385.9 $346.3