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SEGMENT INFORMATION (Tables)

9 Months Ended

Jul. 02, 2023

Segment Reporting [Abstract]

Net Sales Relating to Segments

Net sales relating to the segments for the three and nine month periods ended July 2, 2023 and July 3, 2022, are as follows:

						Three Month Periods Ended												Nine Month Periods Ended
(in millions)						July 2, 2023						July 3, 2022						July 2, 2023						July 3, 2022
GPC						$	272.3					$	290.2					$	846.5					$	887.5
H&G						186.6						198.5						411.3						470.3
HPC						276.6						329.3						920.3						1,025.2
Net sales						$	735.5					$	818.0					$	2,178.1					$	2,383.0

Schedule of Segment Information

Segment Adjusted EBITDA for the reportable segments for SBH for the three and nine month periods ended July 2, 2023 and July 3, 2022, are as follows:

						Three Month Periods Ended												Nine Month Periods Ended
SBH (in millions)						July 2, 2023						July 3, 2022						July 2, 2023						July 3, 2022
GPC						$	53.6					$	40.9					$	137.1					$	120.2
H&G						38.6						42.8						51.4						73.1
HPC						11.4						3.6						22.7						41.6
Total segment adjusted EBITDA						103.6						87.3						211.2						234.9
Corporate						5.1						7.2						21.9						26.5
Interest expense						38.9						26.0						103.9						72.4
Depreciation						12.1						12.3						36.2						36.6
Amortization						10.5						13.1						31.4						39.9
Share and incentive based compensation						4.8						(0.7)						12.5						11.4
Tristar acquisition and integration						1.0						5.6						10.7						20.0
HHI divestiture						4.0						0.6						6.9						6.1
HPC separation initiatives						0.5						10.7						4.0						15.4
Coevorden operations separation						—						1.9						2.7						7.3
Rejuvenate integration						—						—						—						7.0
Armitage integration						—						0.1						—						1.4
Omega integration						—						0.1						—						1.5
Fiscal 2023 restructuring						0.9						—						5.3						—
Fiscal 2022 restructuring						—						8.1						0.7						8.1
Russia closing initiatives						0.2						0.4						2.9						4.0
Global ERP transformation						3.7						3.4						8.5						9.4
HPC brand portfolio transitions						0.7						0.3						2.1						0.3
GPC distribution center transition						—						8.4						—						28.3
Global productivity improvement program						—						1.2						—						5.2
Other project costs						1.2						4.1						8.9						10.7
Unallocated shared costs						5.3						7.0						18.1						20.7
Non-cash purchase accounting adjustments						0.5						4.3						1.4						7.8
Gain from remeasurement of contingent consideration liability						—						(25.0)						(1.5)						(25.0)
Impairment of equipment and operating lease assets						3.6						—						8.1						—
Impairment of goodwill						111.1						—						111.1						—
Impairment of intangible assets						53.7						—						120.7						—
Early settlement of foreign currency cash flow hedges						0.7						(8.2)						4.6						(8.2)
Legal and environmental						1.5						—						1.5						(0.5)
HPC product recall						1.9						—						3.8						—
Salus and other						—						1.4						5.0						1.7
(Loss) income from continuing operations before income taxes						$	(158.3)					$	5.0					$	(320.2)					$	(73.1)

Segment Adjusted EBITDA for reportable segments for SB/RH for the three and nine month periods ended July 2, 2023 and July 3, 2022, are as follows:

						Three Month Periods Ended												Nine Month Periods Ended
SB/RH (in millions)						July 2, 2023						July 3, 2022						July 2, 2023						July 3, 2022
GPC						$	53.6					$	40.9					$	137.1					$	120.2
H&G						38.6						42.8						51.4						73.1
HPC						11.4						3.6						22.7						41.6
Total segment adjusted EBITDA						103.6						87.3						211.2						234.9
Corporate						4.8						6.7						21.5						25.5
Interest expense						38.2						26.1						103.3						72.7
Depreciation						12.1						12.3						36.2						36.6
Amortization						10.5						13.1						31.4						39.9
Share and incentive based compensation						4.3						(1.1)						11.4						10.7
Tristar acquisition and integration						1.0						5.6						10.7						20.0
HHI divestiture						4.0						0.6						6.9						6.1
HPC separation initiatives						0.5						10.7						4.0						15.4
Coevorden operations separation						—						1.9						2.7						7.3
Rejuvenate integration						—						—						—						7.0
Armitage integration						—						0.1						—						1.4
Omega integration						—						0.1						—						1.5
Fiscal 2023 restructuring						0.9						—						5.3						—
Fiscal 2022 restructuring						—						8.1						0.7						8.1
Russia closing initiatives						0.2						0.4						2.9						4.0
Global ERP transformation						3.7						3.4						8.5						9.4
HPC brand portfolio transitions						0.7						0.3						2.1						0.3
GPC distribution center transition						—						8.4						—						28.3
Global productivity improvement program						—						1.2						—						5.2
Other project costs						1.2						4.1						8.9						10.7
Unallocated shared costs						5.3						7.0						18.1						20.7
Non-cash purchase accounting adjustments						0.5						4.3						1.4						7.8
Gain from remeasurement of contingent consideration liability						—						(25.0)						(1.5)						(25.0)
Impairment of equipment and operating lease assets						3.6						—						8.1						—
Impairment of goodwill						111.1						—						111.1						—
Impairment of intangible assets						53.7						—						120.7						—
Early settlement of foreign currency cash flow hedges						0.7						(8.2)						4.6						(8.2)
Legal and environmental						1.5						—						1.5						(0.5)
HPC product recall						1.9						—						3.8						—
Other						—						1.5						5.0						1.4
(Loss) income from continuing operations before income taxes						$	(156.8)					$	5.7					$	(318.1)					$	(71.4)

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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