Net sales relating to the segments for the three month periods ended December 29, 2019 and December 30, 2018 are as follows:


	Three Month Periods Ended
(in millions)	December 29, 2019		December 30, 2018
HHI	$	297.7	$	305.1
HPC		322.1		317.2
GPC		205.8		204.7
H&G		45.9		53.3
Net sales	$	871.5	$	880.3

The Chief Operating Decision Maker of the Company uses Adjusted EBITDA 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. Adjusted EBITDA further excludes:

Stock based and other incentive compensation costs that consist of costs associated with long-term compensation arrangements and other equity based compensation based upon achievement of long-term performance metrics; and generally consist of non-cash, stock-based compensation. During the year ending September 30, 2019, the Company issued certain one time, non-recurring incentive bridge awards due to changes in the Company’s long-term compensation plans that allow for cash based payment upon employee election which have been included in the adjustment but do not qualify for shared-based compensation. See Note 15 - Share Based Compensation for further discussion;

Transaction related charges consist of (1) transaction costs from qualifying acquisition transactions during the period, or subsequent integration related project costs directly associated with an acquired business; and (2) divestiture related transaction costs that are recognized in continuing operations and post-divestiture separation costs consisting of increment costs to facilitate separation of shared operations, development of transferred shared service operations, platforms and personnel transferred as part of the divestitures and exiting of TSAs. See Note 1 – Basis of Presentation & Significant Accounting Policies for additional details;

Restructuring and related charges, which consist of project costs associated with restructuring initiatives across the segments. See Note 3 - Restructuring and Related Charges for further details;

Unrealized gains and losses attributable to the Company’s investment in Energizer common stock, acquired as part of consideration received from the Company’s sale and divestiture of GAC. See Note 2 – Divestitures and Note 12 – Fair Value of Financial Instruments for further discussion;

Non-cash purchase accounting inventory adjustments recognized in earnings from continuing operations subsequent to an acquisition (when applicable);

Non-cash asset impairments or write-offs realized and recognized in earnings from continuing operations (when applicable);

Foreign currency gains and losses attributable to multicurrency loans for the three month period ended December 29, 2019 that were entered into with foreign subsidiaries in exchange for receipt of divestiture proceeds by the parent company and the distribution of the respective foreign subsidiaries’ net assets as part of the GBL and GAC divestures during the year ended September 30, 2019. The Company has entered into various hedging arrangements to mitigate the volatility of foreign exchange risk associated with such loans;

Legal and litigation costs associated with Salus during the three month periods ended December 29, 2019 and December 30, 2018 as they are not considered a component of the continuing commercial products company, but continue to be consolidated by the Company until the Salus operations can be wholly dissolved and/or deconsolidated;

Other adjustments primarily consisting of costs attributable to (1) expenses and cost recovery for flood damage at Company facilities in Middleton, Wisconsin during the three month periods ended December 29, 2019 and December 30, 2018; (2) incremental costs for separation of a key executive during the three month periods ended December 29, 2019 and December 30, 2018; (3) incremental costs associated with a safety recall in GPC during the three month period ended December 30, 2018; (4) operating margin on H&G sales to GAC discontinued operations during the three month period ended December 30, 2018; and (5) certain fines and penalties for delayed shipments following the completion of a GPC distribution center consolidation in EMEA during the three month period ended December 30, 2018

Segment Adjusted EBITDA for the reportable segments for SBH for the three month periods ended December 29, 2019 and December 30, 2018, are as follows:


	Three Month Periods Ended
SBH (in millions)	December 29, 2019		December 30, 2018
HHI	$	42.8	$	55.6
HPC		36.4		35.0
GPC		31.5		29.1
H&G		(3.3)		3.1
Total Segment Adjusted EBITDA		107.4		122.8
Corporate		5.2		7.5
Interest expense		34.8		57.0
Depreciation and amortization		41.7		66.0
Share and incentive based compensation		14.5		6.0
Restructuring and related charges		27.4		9.1
Transaction related charges		4.1		6.3
Loss on assets held for sale		32.8		—
Write-off from impairment of intangible assets		24.2		—
Unrealized gain on Energizer investment		(38.5)		—
Foreign currency translation on multicurrency divestiture loans		(2.5)		—
Salus		0.3		—
Other		0.4		3.4
Loss from operations before income taxes	$	(37.0)	$	(32.5)

Segment Adjusted EBITDA for reportable segments for SB/RH for the three month periods ended December 29, 2019 and December 30, 2018 are as follows:


	Three Month Periods Ended
SB/RH (in millions)	December 29, 2019		December 30, 2018
HHI	$	42.8	$	55.6
HPC		36.4		35.0
GPC		31.5		29.1
H&G		(3.3)		3.1
Total Segment Adjusted EBITDA		107.4		122.8
Corporate		4.9		6.6
Interest expense		34.6		43.2
Depreciation and amortization		41.7		66.0
Share and incentive based compensation		14.4		5.6
Restructuring and related charges		27.4		9.1
Transaction related charges		4.1		6.3
Loss on assets held for sale		32.8		—
Write-off from impairment of intangible assets		24.2		—
Unrealized gain on Energizer investment		(38.5)		—
Foreign currency translation on multicurrency divestiture loans		(2.5)		—
Other		0.2		3.4
Loss from operations before income taxes	$	(35.9)	$	(17.4)