Net sales relating to the segments for the three and six month periods ended March 29, 2020 and March 31, 2019 are as follows:


	Three Month Periods Ended				Six Month Periods Ended
(in millions)	March 29, 2020		March 31, 2019		March 29, 2020		March 31, 2019
HHI	$	329.1	$	331.1	$	626.8	$	636.2
HPC		232.7		221.7		554.8		538.9
GPC		236.9		214.9		442.7		419.6
H&G		139.1		139.0		185.0		192.3
Net sales	$	937.8	$	906.7	$	1,809.3	$	1,787.0

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 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 16 - Share Based Compensation for further discussion;

Restructuring and related charges, which consist of project costs associated with restructuring initiatives across the segments. See Note 4 - Restructuring and Related Charges for further details;

Transaction related charges that 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 incremental 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;

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 13 – 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 and six month periods ended March 29, 2020 and March 31, 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 and six month periods ended March 29, 2020 and March 31, 2019 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; and

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 and six month periods ended March 29, 2020 and March 31, 2019; (2) incremental costs for separation of a key executive during the three and six month periods ended March 29, 2020 and March 31, 2019; (3) incremental costs associated with a safety recall in GPC during the three and six month periods ended March 31, 2019; (4) operating margin on H&G sales to GAC discontinued operations during the three and six month period ended March 31, 2019; and (5) certain fines and penalties for delayed shipments following the completion of a GPC distribution center consolidation in EMEA during the three and six month period ended March 31, 2019.

Segment Adjusted EBITDA for the reportable segments for SBH for the three and six month periods ended March 29, 2020 and March 31, 2019, are as follows:


	Three Month Periods Ended				Six Month Periods Ended
SBH (in millions)	March 29, 2020		March 31, 2019		March 29, 2020		March 31, 2019
HHI	$	69.5	$	52.7	$	112.3	$	108.2
HPC		8.0		4.5		44.4		39.5
GPC		40.0		32.8		71.5		61.9
H&G		28.4		29.6		25.1		32.7
Total Segment Adjusted EBITDA		145.9		119.6		253.3		242.3
Corporate		5.5		4.0		10.8		11.5
Interest expense		35.5		94.2		70.4		151.2
Depreciation and amortization		36.4		36.6		78.0		102.6
Share and incentive based compensation		14.6		17.3		29.1		23.2
Restructuring and related charges		21.9		12.6		49.4		21.5
Transaction related charges		7.2		5.3		11.3		11.6
(Gain) loss on assets held for sale		(7.0)		—		25.7		—
Write-off from impairment of intangible assets		—		—		24.2		—
Loss on Energizer investment		106.8		5.0		68.3		5.0
Foreign currency translation on multicurrency divestiture loans		3.1		21.8		0.4		21.8
GPC safety recall		—		—		—		0.6
Salus		0.1		—		0.4		—
Other		—		(0.5)		0.5		2.3
Loss from operations before income taxes	$	(78.2)	$	(76.7)	$	(115.2)	$	(109.0)

Segment Adjusted EBITDA for reportable segments for SB/RH for the three and six month periods ended March 29, 2020 and March 31, 2019 are as follows:


	Three Month Periods Ended				Six Month Periods Ended
SB/RH (in millions)	March 29, 2020		March 31, 2019		March 29, 2020		March 31, 2019
HHI	$	69.5	$	52.7	$	112.3	$	108.2
HPC		8.0		4.5		44.4		39.5
GPC		40.0		32.8		71.5		61.9
H&G		28.4		29.6		25.1		32.7
Total Segment Adjusted EBITDA		145.9		119.6		253.3		242.3
Corporate		2.3		3.3		7.2		9.9
Interest expense		35.3		48.3		70.0		91.5
Depreciation and amortization		36.4		36.6		78.0		102.6
Share and incentive based compensation		14.1		16.9		28.5		22.5
Restructuring and related charges		21.9		12.6		49.4		21.5
Transaction related charges		7.2		5.3		11.3		11.6
(Gain) loss on assets held for sale		(7.0)		—		25.7		—
Write-off from impairment of intangible assets		—		—		24.2		—
Loss on Energizer investment		106.8		5.0		68.3		5.0
Foreign currency translation on multicurrency divestiture loans		3.0		21.8		0.4		21.8
GPC safety recall		—		—		—		0.6
Other		—		(0.5)		0.4		2.4
Loss from operations before income taxes	$	(74.1)	$	(29.7)	$	(110.1)	$	(47.1)