Divestitures (Tables)

9 Months Ended

Jun. 28, 2020

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary Of Components Of Income From Discontinued Operations, Net Of Tax

The following table summarizes the components of Income from Discontinued Operations, Net of Tax in the accompanying Condensed Consolidated Statement of Income for the three and nine month periods ended June 28, 2020 and June 30, 2019:

	Three Month Periods Ended				Nine Month Periods Ended
(in millions)	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
(Loss) income from discontinued operations before income taxes - GBL	$	(0.2)	$	(5.7)	$	3.6	$	975.7
Income (loss) from discontinued operations before income taxes - GAC	—		0.8		—		(114.7)
(Loss) income from discontinued operations before income taxes	(0.2)		(4.9)		3.6		861.0
Income tax (benefit) expense from discontinued operations	(8.2)		(3.7)		(8.6)		161.9
Iincome (loss) from discontinued operations, net of tax	8.0		(1.2)		12.2		699.1
Income (loss) from discontinued operations attributable to controlling interest, net of tax	$	8.0	$	(1.2)	$	12.2	$	699.1

Summary Of Updates To Reflect Corrected Numbers

The Company has updated the Condensed Consolidated Statement of Financial Position for the year ended September 30, 2019 within this filing and will continue to do so in subsequent filings to reflect the corrected numbers as follows:

	SBH
(in millions)	As reported		Adjustment		As Adjusted
Deferred charges and other	$	51.7	$	15.5	$	67.2
Total assets	5,230.5		15.5		5,246.0
Other current liabilities	216.0		(1.8)		214.2
Current liabilities	1,141.9		(1.8)		1,140.1
Deferred tax liabilities	55.9		(5.3)		50.6
Total liabilities	3,524.2		(7.1)		3,517.1
Accumulated earnings	201.2		22.6		223.8
Total shareholders' equity	1,698.3		22.6		1,720.9
Total equity	1,706.3		22.6		1,728.9
Total liabilities and equity	5,230.5		15.5		5,246.0

	SB/RH
(in millions)	As reported		Adjustment		As Adjusted
Income tax payable	$	240.5	$	(1.8)	$	238.7
Current liabilities	1,356.0		(1.8)		1,354.2
Deferred tax liabilities	272.2		(20.8)		251.4
Total liabilities	3,879.1		(22.6)		3,856.5
Accumulated deficit	(437.3)		22.6		(414.7)
Total shareholder's equity	1,402.5		22.6		1,425.1
Total equity	1,412.1		22.6		1,434.7

GBL

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary Of Components Of Income From Discontinued Operations Before Income Taxes

The following table summarizes the components of Income from Discontinued Operations, Net of Tax associated with the GBL divestiture in the accompanying Condensed Consolidated Statements of Operations for the three and nine month period ended June 30, 2019:

	Three Month Period Ended		Nine Month Period Ended
(in millions)	June 30, 2019		June 30, 2019
Net sales	$	—	$	249.0
Cost of goods sold	—		164.6
Gross profit	—		84.4
Operating expenses	—		57.0
Operating income	—		27.4
Interest expense	—		23.3
Other non-operating expense, net	—		0.5
Loss (Gain) on sale	5.7		(990.6)
Reclassification of accumulated other comprehensive income	—		18.5
(Loss) income from discontinued operations before income taxes	$	(5.7)	$	975.7

GAC

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary Of Components Of Income From Discontinued Operations Before Income Taxes

The following table summarizes the components of income from discontinued operations before income taxes associated with the GAC divestiture in the accompanying Consolidated Statements of Operations for the three and nine month periods ended June 30, 2019:

	Three Month Period Ended		Nine Month Period Ended
(in millions)	June 30, 2019		June 30, 2019
Net sales	$	—	$	87.7
Cost of goods sold	—		52.5
Gross profit	—		35.2
Operating expenses	—		35.7
Operating loss	—		(0.5)
Interest expense	—		0.7
Other non-operating expense, net	—		0.2
Write-down of assets of business held for sale to fair value less cost to sell	(0.8)		110.0
Reclassification of accumulated other comprehensive income	—		3.3
Income (loss) from discontinued operations before income taxes	$	0.8	$	(114.7)