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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Net Sales Relating to Segments | Net sales relating to the segments for the three and six month periods ended March 31, 2024 and April 2, 2023, are as follows:
|  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | March 31, 2024 |  | April 2, 2023 |  | March 31, 2024 |  | April 2, 2023
GPC |  | $ | 289.9 |  |  | $ | 296.7 |  |  | $ | 566.8 |  |  | $ | 574.3 |
H&G |  | 160.7 |  |  | 153.3 |  |  | 232.7 |  |  | 224.6 |
HPC |  | 267.9 |  |  | 279.2 |  |  | 611.2 |  |  | 643.6 |
Net sales |  | $ | 718.5 |  |  | $ | 729.2 |  |  | $ | 1,410.7 |  |  | $ | 1,442.5 |
Schedule of Segment Information | Segment Adjusted EBITDA for the reportable segments for SBH for the three and six month periods ended March 31, 2024 and April 2, 2023, are as follows:
|  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | March 31, 2024 |  | April 2, 2023 |  | March 31, 2024 |  | April 2, 2023
GPC |  | $ | 62.3 |  |  | $ | 46.3 |  |  | $ | 115.1 |  |  | $ | 83.5 |
H&G |  | 29.2 |  |  | 15.1 |  |  | 28.5 |  |  | 12.8 |
HPC |  | 17.8 |  |  | (1.9) |  |  | 44.5 |  |  | 11.3 |
Total segment adjusted EBITDA |  | 109.3 |  |  | 59.5 |  |  | 188.1 |  |  | 107.6 |
Corporate |  | (3.0) |  |  | 8.5 |  |  | (8.5) |  |  | 16.8 |
Interest expense |  | 16.9 |  |  | 31.6 |  |  | 36.1 |  |  | 65.0 |
Depreciation |  | 14.3 |  |  | 11.9 |  |  | 28.8 |  |  | 24.1 |
Amortization |  | 11.1 |  |  | 10.5 |  |  | 22.2 |  |  | 20.9 |
Share based compensation |  | 4.5 |  |  | 4.5 |  |  | 8.4 |  |  | 7.7 |
HHI divestiture and separation costs |  | 0.8 |  |  | 1.4 |  |  | 2.1 |  |  | 2.9 |
HPC separation initiatives |  | 2.8 |  |  | 1.1 |  |  | 3.1 |  |  | 3.5 |
Tristar integration |  | — |  |  | 4.0 |  |  | — |  |  | 9.7 |
Fiscal 2023 and 2022 restructuring |  | 0.4 |  |  | 4.6 |  |  | 0.9 |  |  | 5.1 |
Global ERP transformation |  | 3.9 |  |  | 3.3 |  |  | 6.9 |  |  | 4.9 |
Russia closing initiative |  | — |  |  | (0.1) |  |  | — |  |  | 2.8 |
Other project costs |  | 0.1 |  |  | 6.5 |  |  | 0.1 |  |  | 11.9 |
Non-cash purchase accounting adjustments |  | 0.5 |  |  | 0.5 |  |  | 0.9 |  |  | 0.9 |
Impairment of equipment and operating lease assets |  | 0.5 |  |  | 4.2 |  |  | 0.5 |  |  | 4.5 |
Impairment of intangible assets |  | 39.0 |  |  | 67.0 |  |  | 43.0 |  |  | 67.0 |
Representation and warranty insurance proceeds |  | (65.0) |  |  | — |  |  | (65.0) |  |  | — |
Legal and environmental |  | 0.3 |  |  | — |  |  | 1.5 |  |  | — |
Gain from debt repurchase |  | — |  |  | — |  |  | (4.7) |  |  | — |
HPC product recall |  | 6.7 |  |  | 1.6 |  |  | 6.0 |  |  | 1.9 |
Unallocated shared costs |  | — |  |  | 6.3 |  |  | — |  |  | 12.5 |
Early settlement of foreign currency cash flow hedges |  | — |  |  | 1.3 |  |  | — |  |  | 3.9 |
Gain from remeasurement of contingent consideration liability |  | — |  |  | — |  |  | — |  |  | (1.5) |
Other |  | 0.1 |  |  | 0.6 |  |  | 0.5 |  |  | 5.0 |
Income (loss) from continuing operations before income taxes |  | $ | 75.4 |  |  | $ | (109.8) |  |  | $ | 105.3 |  |  | $ | (161.9) |
Segment Adjusted EBITDA for reportable segments for SB/RH for the three and six month periods ended March 31, 2024 and April 2, 2023, are as follows:
|  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | March 31, 2024 |  | April 2, 2023 |  | March 31, 2024 |  | April 2, 2023
GPC |  | $ | 62.3 |  |  | $ | 46.3 |  |  | $ | 115.1 |  |  | $ | 83.5 |
H&G |  | 29.2 |  |  | 15.1 |  |  | 28.5 |  |  | 12.8 |
HPC |  | 17.8 |  |  | (1.9) |  |  | 44.5 |  |  | 11.3 |
Total segment adjusted EBITDA |  | 109.3 |  |  | 59.5 |  |  | 188.1 |  |  | 107.6 |
Corporate |  | (3.2) |  |  | 8.3 |  |  | (9.0) |  |  | 16.7 |
Interest expense |  | 16.9 |  |  | 31.7 |  |  | 36.1 |  |  | 65.1 |
Depreciation |  | 14.3 |  |  | 11.9 |  |  | 28.8 |  |  | 24.1 |
Amortization |  | 11.1 |  |  | 10.5 |  |  | 22.2 |  |  | 20.9 |
Share based compensation |  | 4.1 |  |  | 4.0 |  |  | 7.8 |  |  | 7.1 |
HHI divestiture and separation costs |  | 0.8 |  |  | 1.4 |  |  | 2.1 |  |  | 2.9 |
HPC separation initiatives |  | 2.8 |  |  | 1.1 |  |  | 3.1 |  |  | 3.5 |
Tristar integration |  | — |  |  | 4.0 |  |  | — |  |  | 9.7 |
Fiscal 2023 and 2022 restructuring |  | 0.4 |  |  | 4.6 |  |  | 0.9 |  |  | 5.1 |
Global ERP transformation |  | 3.9 |  |  | 3.3 |  |  | 6.9 |  |  | 4.9 |
Russia closing initiative |  | — |  |  | (0.1) |  |  | — |  |  | 2.8 |
Other project costs |  | 0.1 |  |  | 6.5 |  |  | 0.1 |  |  | 11.9 |
Non-cash purchase accounting adjustments |  | 0.5 |  |  | 0.5 |  |  | 0.9 |  |  | 0.9 |
Impairment of equipment and operating lease assets |  | 0.5 |  |  | 4.2 |  |  | 0.5 |  |  | 4.5 |
Impairment of intangible assets |  | 39.0 |  |  | 67.0 |  |  | 43.0 |  |  | 67.0 |
Representation and warranty insurance proceeds |  | (65.0) |  |  | — |  |  | (65.0) |  |  | — |
Legal and environmental |  | 0.3 |  |  | — |  |  | 1.5 |  |  | — |
Gain from debt repurchase |  | — |  |  | — |  |  | (4.7) |  |  | — |
HPC product recall |  | 6.7 |  |  | 1.6 |  |  | 6.0 |  |  | 1.9 |
Unallocated shared costs |  | — |  |  | 6.3 |  |  | — |  |  | 12.5 |
Early settlement of foreign currency cash flow hedges |  | — |  |  | 1.3 |  |  | — |  |  | 3.9 |
Gain from remeasurement of contingent consideration liability |  | — |  |  | — |  |  | — |  |  | (1.5) |
Other |  | 0.1 |  |  | 0.6 |  |  | 0.6 |  |  | 5.0 |
Income (loss) from continuing operations before income taxes |  | $ | 76.0 |  |  | $ | (109.2) |  |  | $ | 106.3 |  |  | $ | (161.3) |

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