XML 116 R53.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT INFORMATION (Tables)
12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
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)
______________________________________________
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.
Schedule of Depreciation and Amortization Relating to Segments
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 
Schedule of Segment Total Assets Relating to Segments 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 
Schedule of Net Sales by Geographic Area
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 
Schedule of Long-Lived Assets by Geographic Area
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