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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Net Sales Relating to Segments | Net sales relating to the segments for the three month periods ended December 31, 2023 and January 1, 2023, are as follows:
(in millions) |  | December 31, 2023 |  | January 1, 2023 |  |  |  |
GPC |  | $ | 276.9 |  |  | $ | 277.5 |  |  |  |  |
H&G |  | 72.0 |  |  | 71.4 |  |  |  |  |
HPC |  | 343.3 |  |  | 364.4 |  |  |  |  |
Net sales |  | $ | 692.2 |  |  | $ | 713.3 |  |  |  |  |
Schedule of Segment Information | Segment Adjusted EBITDA for the reportable segments for SBH for the three month periods ended December 31, 2023 and January 1, 2023, are as follows:
(in millions) |  | December 31, 2023 |  | January 1, 2023 |  |  |  |
GPC |  | $ | 52.7 |  |  | $ | 37.2 |  |  |  |  |
H&G |  | (0.7) |  |  | (2.4) |  |  |  |  |
HPC |  | 26.7 |  |  | 13.2 |  |  |  |  |
Total segment adjusted EBITDA |  | 78.7 |  |  | 48.0 |  |  |  |  |
Corporate |  | (5.6) |  |  | 8.2 |  |  |  |  |
Interest expense |  | 19.2 |  |  | 33.4 |  |  |  |  |
Depreciation |  | 14.4 |  |  | 12.2 |  |  |  |  |
Amortization |  | 11.1 |  |  | 10.4 |  |  |  |  |
Share based compensation |  | 3.9 |  |  | 3.3 |  |  |  |  |
Tristar integration |  | — |  |  | 5.7 |  |  |  |  |
HHI separation costs |  | 1.3 |  |  | 1.5 |  |  |  |  |
HPC separation initiatives |  | 0.3 |  |  | 2.4 |  |  |  |  |
Fiscal 2023 restructuring |  | 0.5 |  |  | — |  |  |  |  |
Fiscal 2022 restructuring |  | — |  |  | 0.6 |  |  |  |  |
Russia closing initiatives |  | — |  |  | 2.9 |  |  |  |  |
Global ERP transformation |  | 3.0 |  |  | 1.6 |  |  |  |  |
Other project costs |  | — |  |  | 5.4 |  |  |  |  |
Unallocated shared costs |  | — |  |  | 6.3 |  |  |  |  |
Non-cash purchase accounting adjustments |  | 0.5 |  |  | 0.5 |  |  |  |  |
Gain from debt repurchase |  | (4.7) |  |  | — |  |  |  |  |
Gain from remeasurement of contingent consideration liability |  | — |  |  | (1.5) |  |  |  |  |
Impairment of intangible assets |  | 4.0 |  |  | — |  |  |  |  |
Early settlement of foreign currency cash flow hedges |  | — |  |  | 2.6 |  |  |  |  |
Legal and environmental |  | 1.2 |  |  | — |  |  |  |  |
HPC product recall |  | (0.7) |  |  | 0.3 |  |  |  |  |
Other |  | 0.4 |  |  | 4.3 |  |  |  |  |
Income (loss) from continuing operations before income taxes |  | $ | 29.9 |  |  | $ | (52.1) |  |  |  |  |
Segment Adjusted EBITDA for reportable segments for SB/RH for the three month periods ended December 31, 2023 and January 1, 2023, are as follows:
(in millions) |  | December 31, 2023 |  | January 1, 2023 |  |  |  |
GPC |  | $ | 52.7 |  |  | $ | 37.2 |  |  |  |  |
H&G |  | (0.7) |  |  | (2.4) |  |  |  |  |
HPC |  | 26.7 |  |  | 13.2 |  |  |  |  |
Total segment adjusted EBITDA |  | 78.7 |  |  | 48.0 |  |  |  |  |
Corporate |  | (5.9) |  |  | 8.3 |  |  |  |  |
Interest expense |  | 19.2 |  |  | 33.4 |  |  |  |  |
Depreciation |  | 14.4 |  |  | 12.2 |  |  |  |  |
Amortization |  | 11.1 |  |  | 10.4 |  |  |  |  |
Share based compensation |  | 3.8 |  |  | 3.1 |  |  |  |  |
Tristar integration |  | — |  |  | 5.7 |  |  |  |  |
HHI divestiture and separation costs |  | 1.3 |  |  | 1.5 |  |  |  |  |
HPC separation initiatives |  | 0.3 |  |  | 2.4 |  |  |  |  |
Fiscal 2023 restructuring |  | 0.5 |  |  | — |  |  |  |  |
Fiscal 2022 restructuring |  | — |  |  | 0.6 |  |  |  |  |
Russia closing initiatives |  | — |  |  | 2.9 |  |  |  |  |
Global ERP transformation |  | 3.0 |  |  | 1.6 |  |  |  |  |
Other project costs |  | — |  |  | 5.4 |  |  |  |  |
Unallocated shared costs |  | — |  |  | 6.3 |  |  |  |  |
Non-cash purchase accounting adjustments |  | 0.5 |  |  | 0.5 |  |  |  |  |
Gain from debt repurchase |  | (4.7) |  |  | — |  |  |  |  |
Gain from remeasurement of contingent consideration liability |  | — |  |  | (1.5) |  |  |  |  |
Impairment of intangible assets |  | 4.0 |  |  | — |  |  |  |  |
Early settlement of foreign currency cash flow hedges |  | — |  |  | 2.6 |  |  |  |  |
Legal and environmental |  | 1.2 |  |  | — |  |  |  |  |
HPC product recall |  | (0.7) |  |  | 0.3 |  |  |  |  |
Other |  | 0.3 |  |  | 4.3 |  |  |  |  |
Income (loss) from continuing operations before income taxes |  | $ | 30.4 |  |  | $ | (52.0) |  |  |  |  |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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