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SEGMENT INFORMATION
 12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company is a diversified global branded consumer products company managed through three 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 business. The Company identifies its segments as those operations whose results the Chief Operating Decision Maker ("CODM"), recognized as the Company's Chief Executive Officer, regularly reviews for making operating decisions, allocating capital and resources amongst the operations, and assessing performance as the source of its reportable segments. 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. See Note 1 - Description of Business for further discussion.
The CODM of the Company uses Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) 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 from continuing operations. Adjusted EBITDA also excludes certain non-cash adjustments including share based compensation (see Note 17 - Share Based Compensation for further detail); impairment charges on property, plant and equipment, operating and finance lease assets, and goodwill and other intangible assets (See Note 7 - Property, Plant and Equipment, Note 10 - Leases, and Note 8 - Goodwill and Intangible Assets and for further detail, respectively); gain or loss from the early extinguishment of debt (See Note 9 - Debt for further detail); and purchase accounting adjustments recognized in income subsequent to an acquisition attributable to the step in value on assets acquired. Additionally, the Company will further recognize adjustments from Adjusted EBITDA for other costs, gains and losses that are considered significant, non-recurring, or otherwise not supporting the continuing operations and revenue generating activity of the segment or Company, including but not limited to, exit and disposal activities (See Note 4 - Exit and Disposal Activities for further detail), or incremental costs associated with strategic transactions, restructuring and optimization initiatives such as the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure the Company and its operations.
Segment net sales consists of revenue generated by contracts with external customers for the sale of products and services. The Company does not have any significant or material intrasegment revenues. See Note 5 - Revenue Recognition and Receivables for further breakdown of revenue by segment.
The segments are supported through center-led corporate shared service operations which are enabling functions to the segments consisting of finance and accounting, information technology, legal and human resource, supply chain and commercial operations. Costs attributable to such shared service operations are allocated to the segments based upon various metrics which are considered representative to the use and support provided by such enabling functions to each of the segments. From time to time, the Company may revise the measurement of overhead allocations and presentation of significant expenses, as determined by the information regularly reviewed by its CODM.
The Company has not included the results from discontinued operations within the following segment reporting when the discontinued operations were previously reported as a segment in any prior period. Indirect costs from shared enabling functions supporting discontinued operations during the fiscal periods of the Company’s ownership of the divested segment, prior to the completion of the divestiture, are excluded from the reporting of income (loss) from discontinued operations and included within the income (loss) for continuing operations as they are not direct costs of the disposal group. The indirect costs are considered unallocated shared service costs and not allocated across the remaining segments of the Company during the respective periods. See Note 3 - Divestitures for further discussion.
The Company also incurs costs attributable to corporate functions such as tax, treasury, internal audit, corporate finance, legal and corporate executive and board related governance costs, which are considered corporate costs of the Company and not allocated to the segments. Interest costs attributable to external borrowings, including finance leases, are not recognized or allocated to segments. Interest income is generally not recognized or allocated to segments.
SEGMENT INFORMATION (continued)
Financial information for the Company's segments, including net sales, significant expenses and reconciliation of Segment Adjusted EBITDA to Income from Continuing Operations Before Income Taxes for the years ended September 30, 2025, 2024, and 2023 are as follows:
202520242023
(in millions)GPCH&GHPCTotalGPCH&GHPCTotalGPCH&GHPCTotal
Net sales$1,082.5 $572.8 $1,153.7 $2,809.0 $1,151.5 $578.6 $1,233.8 $2,963.9 $1,139.0 $536.5 $1,243.3 $2,918.8 
Cost of goods sold655.5 341.0 780.6 1,777.1 690.8 345.6 812.2 1,848.6 729.9 348.9 877.0 1,955.8 
Selling, general & administrative265.4 159.5 332.8 757.7 280.1 161.6 367.4 809.1 255.4 133.9 342.4 731.7 
Other non-operating expense, net1.2 — 3.7 4.9 1.2 — 0.3 1.5 0.5 — 1.2 1.7 
Addback: Depreciation & amortization34.7 19.2 20.1 74.0 36.7 19.4 21.4 77.5 37.4 18.8 20.4 76.6 
Segment Adjusted EBITDA$195.1 $91.5 $56.7 343.3 $216.1 $90.8 $75.3 382.2 $190.6 $72.5 $43.1 $306.2 
Interest expense30.0 58.5 116.1 
Depreciation56.4 57.3 48.9 
Amortization41.6 44.5 42.3 
Corporate costs58.3 66.1 41.1 
Unallocated shared service costs— — 18.0 
Interest income1
(4.2)(55.7)(37.9)
Share-based compensation20.5 17.5 17.2 
Non-cash impairment charges24.4 50.3 242.6 
Non-cash purchase accounting adjustments— 1.2 1.9 
(Gain) loss from early extinguishment of debt— (2.6)3.0 
Exit and disposal costs8.8 1.0 9.3 
HHI separation costs2
1.5 3.9 8.4 
HPC separation initiatives2
0.9 13.4 4.2 
Global ERP transformation2
9.2 15.0 11.4 
Tristar Business integration2
— — 11.5 
HPC product recall3
— 6.9 7.7 
Gain from remeasurement of contingent consideration liability4
— — (1.5)
Representation and warranty insurance proceeds5
— (65.0)— 
Litigation charges6
3.5 2.9 3.0 
HPC product disposal7
— — 20.6 
Other8
5.2 3.4 28.6 
Income (loss) from continuing operations before income taxes$87.2 $163.6 $(290.2)
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1 Interest income is primarily associated with the corporate investment of cash proceeds from the HHI separation in June 2023.
2 Incremental costs associated with strategic transactions, restructuring and optimization initiatives, including, but not limited to, the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure operations.
3 Incremental net costs from product recalls in the HPC segment. See Note 19 - Commitment and Contingencies for further detail.
4 Non-cash gain from the remeasurement of a contingent consideration liability associated with the Tristar Business.
5 Gain from the receipt of insurance proceeds on representation and warranty policies associated with the Tristar Business acquisition. See Note 19 Commitment and Contingencies for further detail.
6 Litigation costs primarily associated with the Tristar Business acquisition. See Note 19 - Commitment and Contingencies for further detail.
7 Non-cash write-off from the incremental disposition of certain HPC inventory primarily associated with acquired brand from the Tristar Business acquisition.
8 Other is attributable to (1) other project costs primarily associated with distribution center transitions; (2) key executive severance and other one-time compensatory costs; (3) loss from the sale and deconsolidation of a Romania joint venture subsidiary during the year ended September 30, 2025, and the liquidation and deconsolidation of a Russia operating subsidiary during the year ended September 30, 2024; and (4) the impact from the early settlement of foreign currency cash flow hedges during September 30, 2023.
SEGMENT INFORMATION (continued)
Depreciation and amortization relating to the segments are as follows for the years ended September 30, 2025, 2024 and 2023:
(in millions)202520242023
GPC$34.7 $36.7 $37.4 
H&G19.2 19.4 18.8 
HPC20.1 21.4 20.4 
Total segments74.0 77.5 76.6 
Corporate and shared operations24.0 24.3 14.6 
Total depreciation and amortization$98.0 $101.8 $91.2 
Segment assets consist of Inventories, net. The following is a summary of segment assets and a reconciliation of segment assets to total assets of the Company were as follows as of September 30, 2025 and 2024:
Segment assets (in millions)20252024
GPC$161.4 $159.4 
H&G92.2 85.6 
HPC192.5 217.1 
Total segment assets446.1 462.1 
Other current assets738.1 1,116.5 
Non-current assets2,195.4 2,263.7 
Total assets$3,379.6 $3,842.3 
Geographic Financial Information
Net sales geographic regions (based upon destination) for the years ended September 30, 2025, 2024 and 2023 are as follows:
Net sales to external parties - Geographic Disclosure (in millions)
202520242023
United States$1,568.5 $1,715.8 $1,722.4 
Europe/MEA881.5 885.2 830.7 
Latin America213.0 211.8 206.8 
Asia-Pacific92.9 99.4 106.6 
North America - Other53.1 51.7 52.3 
Net sales$2,809.0 $2,963.9 $2,918.8 
Long-lived asset information, consisting of Property Plant and Equipment, Net, and Operating Lease Assets, as of September 30, 2025 and 2024 by geographic area are as follows:
Long-lived assets - Geographic Disclosure (in millions)20252024
United States$270.9 $285.7 
Europe/MEA49.2 73.0 
Latin America2.1 2.4 
North America - Other4.7 1.3 
Asia-Pacific1.6 6.1 
Total long-lived assets$328.5 $368.5