DIVESTITURES (Tables)

9 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Components of Income from Discontinued Operations, Net of Tax

The following table summarizes the components of Income from Discontinued Operations, Net of Tax in the Condensed Consolidated Statements of Income for the three and nine month periods ended June 30, 2024 and July 2, 2023:


	Three Month Periods Ended				Nine Month Periods Ended
(in millions)	June 30, 2024		July 2, 2023		June 30, 2024		July 2, 2023
Income from discontinued operations before income taxes – HHI	$	—	$	32.5	$	15.2	$	136.9
Gain on sale of discontinued operations before income taxes – HHI	—		2,824.9		—		2,824.9
(Loss) income from discontinued operations before income taxes – Other	(0.1)		(0.2)		10.2		(2.2)
Interest expense on corporate debt allocated to discontinued operations	—		15.4		—		49.4
(Loss) income from discontinued operations before income taxes	(0.1)		2,841.8		25.4		2,910.2
Income tax expense from discontinued operations	13.0		810.0		15.8		837.5
(Loss) income from discontinued operations, net of tax	(13.1)		2,031.8		9.6		2,072.7
Income from discontinued operations attributable to noncontrolling interest, net of tax	—		0.2		—		0.3
(Loss) income from discontinued operations attributable to controlling interest, net of tax	$	(13.1)	$	2,031.6	$	9.6	$	2,072.4

Schedule of Components of Income from Discontinued Operations Before Income Taxes

The following table summarizes the components of income from discontinued operations before income taxes associated with the HHI divestiture for the three and nine month period ended July 2, 2023:


	Three Month Period Ended		Nine Month Period Ended
(in millions)	July 2, 2023		July 2, 2023
Net sales	$	296.4	$	1,042.5
Cost of goods sold	203.6		701.6

Gross profit	92.8		340.9
Operating expenses	59.4		199.4
Operating income	33.4		141.5
Interest expense	0.7		2.4
Other non-operating expense, net	0.2		2.2
Income from discontinued operations before income taxes	$	32.5	$	136.9

Schedule of Significant Non-cash Items and Capital Expenditures of Discontinued Operations

The following table presents significant non-cash items and capital expenditures of discontinued operations from the HHI divestiture for the three and nine month period ended July 2, 2023:


	Three Month Period Ended		Nine Month Period Ended
(in millions)	July 2, 2023		July 2, 2023

Share based compensation	$	0.4	$	1.5
Purchases of property, plant and equipment	3.9		11.9