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Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Net Sales $ 984.3 $ 1,022.2 $ 2,793.6 $ 2,809.2
Cost of goods sold 635.7 660.7 1,834.2 1,835.3
Restructuring and related charges (0.3) 0.5 12.5 1.5
Gross profit 348.9 361.0 946.9 972.4
Selling 141.3 152.1 437.4 459.1
General and administrative 83.6 80.6 245.7 263.6
Research and development 9.7 10.5 29.7 32.7
Restructuring and related charges 12.5 20.2 49.1 40.7
Transaction related charges 6.1 4.8 17.4 16.4
Loss on assets held for sale 1.1 0.0 26.8 0.0
Write-off from impairment of intangible assets 0.0 0.0 24.2 0.0
Total operating expenses 254.3 268.2 830.3 812.5
Operating income 94.6 92.8 116.6 159.9
Interest expense 36.1 33.9 106.5 185.1
Gain from extinguishment of Salus CLO debt (76.2) 0.0 (76.2) 0.0
Other non-operating (income) expense, net (56.5) 39.4 10.2 64.2
Income (loss) from continuing operations before income taxes 191.2 19.5 76.1 (89.4)
Income tax expense 53.6 44.2 35.3 18.2
Net income (loss) from continuing operations 137.6 (24.7) 40.8 (107.6)
Income (loss) from discontinued operations, net of tax 8.0 (1.2) 12.2 699.1
Net income (loss) 145.6 (25.9) 53.0 591.5
Net income attributable to non-controlling interest 0.5 0.0 0.6 1.2
Net income (loss) attributable to controlling interest 145.1 (25.9) 52.4 590.3
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 137.1 (24.7) 40.2 (108.8)
Net income (loss) from discontinued operations attributable to controlling interest $ 8.0 $ (1.2) $ 12.2 $ 699.1
Earnings Per Share        
Basic earnings per share from continuing operations (in dollars per share) $ 3.19 $ (0.51) $ 0.89 $ (2.12)
Basic earnings per share from discontinued operations (in dollars per share) 0.18 (0.02) 0.27 13.62
Basic earnings per share (in dollars per share) 3.37 (0.53) 1.16 11.50
Diluted earnings per share from continuing operations (in dollars per share) 3.18 (0.51) 0.89 (2.12)
Diluted earnings per share from discontinued operations (in dollars per share) 0.18 (0.02) 0.27 13.62
Diluted earnings per share (in dollars per share) 3.36 (0.53) 1.16 11.50
Dividend per share (in dollars per share) $ 0.42 $ 0.42 $ 1.26 $ 1.26
Weighted Average Shares Outstanding        
Basic (in shares) 43.1 48.8 45.3 51.3
Diluted (in shares) 43.2 48.8 45.4 51.3
SB/RH        
Net Sales $ 984.3 $ 1,022.2 $ 2,793.6 $ 2,809.2
Cost of goods sold 635.7 660.7 1,834.2 1,835.3
Restructuring and related charges (0.3) 0.5 12.5 1.5
Gross profit 348.9 361.0 946.9 972.4
Selling 141.3 152.1 437.4 459.1
General and administrative 82.0 79.3 239.5 259.8
Research and development 9.7 10.5 29.7 32.7
Restructuring and related charges 12.5 20.2 49.1 40.7
Transaction related charges 6.1 4.8 17.4 16.4
Loss on assets held for sale 1.1 0.0 26.8 0.0
Write-off from impairment of intangible assets 0.0 0.0 24.2 0.0
Total operating expenses 252.7 266.9 824.1 808.7
Operating income 96.2 94.1 122.8 163.7
Interest expense 36.0 33.7 106.0 125.2
Other non-operating (income) expense, net (56.5) 39.4 10.2 64.5
Income (loss) from continuing operations before income taxes 116.7 21.0 6.6 (26.0)
Income tax expense 35.4 49.9 18.8 34.1
Net income (loss) from continuing operations 81.3 (28.9) (12.2) (60.1)
Income (loss) from discontinued operations, net of tax 8.0 (1.2) 12.2 699.1
Net income (loss) 89.3 (30.1) 0.0 639.0
Net income attributable to non-controlling interest 0.5 0.0 0.6 1.2
Net income (loss) attributable to controlling interest 88.8 (30.1) (0.6) 637.8
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 80.8 (28.9) (12.8) (61.3)
Net income (loss) from discontinued operations attributable to controlling interest $ 8.0 $ (1.2) $ 12.2 $ 699.1