XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

SEGMENT INFORMATION (Tables) | 9 Months Ended
--- | ---
Jun. 29, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales Relating to Segments | Net sales relating to the segments for the three and nine month periods ended June 29, 2025 and June 30, 2024, are as follows:
|  | Three Month Periods Ended |  | Nine Month Periods Ended
(in millions) |  | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
GPC |  | $ | 255.2 |  |  | $ | 282.2 |  |  | $ | 784.4 |  |  | $ | 849.0 |
H&G |  | 189.2 |  |  | 211.0 |  |  | 433.6 |  |  | 443.7 |
HPC |  | 255.2 |  |  | 286.2 |  |  | 857.5 |  |  | 897.5 |
Net sales |  | $ | 699.6 |  |  | $ | 779.4 |  |  | $ | 2,075.5 |  |  | $ | 2,190.2 |
Schedule of Segment Information | Segment Adjusted EBITDA for the reportable segments for the three and nine month periods ended June 29, 2025 and June 30, 2024, are as follows:
|  | Three Month Periods Ended |  | Nine month periods ended
(in millions) |  | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
GPC |  | $ | 44.0 |  |  | $ | 56.7 |  |  | $ | 145.5 |  |  | $ | 171.8 |
H&G |  | 38.6 |  |  | 43.3 |  |  | 74.6 |  |  | 71.8 |
HPC |  | 7.0 |  |  | 11.8 |  |  | 41.0 |  |  | 56.3 |
Total segment adjusted EBITDA |  | 89.6 |  |  | 111.8 |  |  | 261.1 |  |  | 299.9 |
Corporate |  | 13.6 |  |  | 18.9 |  |  | 39.0 |  |  | 51.2 |
Interest expense |  | 8.4 |  |  | 15.7 |  |  | 22.1 |  |  | 51.8 |
Interest income |  | (0.6) |  |  | (13.4) |  |  | (3.6) |  |  | (54.3) |
Depreciation |  | 14.6 |  |  | 14.1 |  |  | 42.6 |  |  | 42.9 |
Amortization |  | 10.5 |  |  | 11.1 |  |  | 31.5 |  |  | 33.4 |
Share based compensation |  | 4.8 |  |  | 4.5 |  |  | 14.7 |  |  | 12.9 |
Non-cash impairment charges |  | 7.8 |  |  | 5.1 |  |  | 23.5 |  |  | 48.6 |
Non-cash purchase accounting adjustments |  | — |  |  | 0.2 |  |  | — |  |  | 1.1 |
Loss (gain) from early extinguishment of debt |  | — |  |  | 2.2 |  |  | — |  |  | (2.6) |
Exit and disposal costs |  | 4.2 |  |  | 0.1 |  |  | 8.2 |  |  | 1.0 |
HHI separation costs 1 |  | 0.3 |  |  | 0.9 |  |  | 1.4 |  |  | 3.0 |
HPC separation initiatives 1 |  | (0.1) |  |  | 5.4 |  |  | 0.9 |  |  | 8.5 |
Global ERP transformation 1 |  | 2.3 |  |  | 4.3 |  |  | 7.1 |  |  | 11.2 |
HPC product recall 2 |  | — |  |  | 0.6 |  |  | — |  |  | 6.6 |
Representation and warranty insurance proceeds 3 |  | — |  |  | — |  |  | — |  |  | (65.0) |
Litigation costs 4 |  | 1.2 |  |  | 0.8 |  |  | 2.8 |  |  | 2.2 |
Other 5 |  | 0.6 |  |  | (0.2) |  |  | 1.1 |  |  | 0.7 |
Income from continuing operations before income taxes |  | $ | 22.0 |  |  | $ | 41.5 |  |  | $ | 69.8 |  |  | $ | 146.7 |
________________________________________ 1 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 2 Incremental net costs from product recalls in the HPC segment. See Note 14 - Commitments and Contingencies for further detail. 3 Gain from the receipt of insurance proceeds on representation and warranty policies during the prior year associated with the Tristar Business acquisition. See Note 14 - Commitments and Contingencies for further detail. 4 Litigation costs associated with the Tristar Business acquisition. See Note 14 - Commitments and Contingencies for further detail. 5 Other is attributable to other project costs associated with distribution center transitions and key executive severance and one-time compensatory costs.

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration