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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 53.0 $ 591.5
Income from discontinued operations, net of tax 12.2 699.1
Net income (loss) from continuing operations 40.8 (107.6)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 113.1 138.4
Share based compensation 38.8 35.8
Unrealized (gain) loss on equity investments held (5.3) 38.2
Realized loss on equity investments sold 13.5 0.0
Loss on assets held for sale 26.8 0.0
Write-off from impairment of intangible assets 24.2 0.0
Amortization of debt issuance costs and debt discount 3.7 8.3
Write-off of unamortized discount and debt issuance costs 1.1 36.6
Gain from extinguishment of Salus CLO debt (76.2) 0.0
Deferred tax expense (benefit) 5.3 (25.2)
Net changes in operating assets and liabilities (150.4) (310.6)
Net cash provided (used) by operating activities from continuing operations 35.4 (186.1)
Net cash used by operating activities from discontinued operations 0.0 (250.4)
Net cash provided (used) by operating activities 35.4 (436.5)
Cash flows from investing activities    
Purchases of property, plant and equipment (44.5) (40.3)
Proceeds from disposal of property, plant and equipment 0.7 0.1
Proceeds from sale of assets held for sale 30.1 0.0
Proceeds from sale of discontinued operations, net of cash 3.6 2,854.4
Business acquisitions, net of cash acquired (17.0) 0.0
Proceeds from sale of equity investment 68.0 0.0
Other investing activity 2.5 (0.2)
Net cash provided by investing activities from continuing operations 43.4 2,814.0
Net cash used by investing activities from discontinued operations 0.0 (5.4)
Net cash provided by investing activities 43.4 2,808.6
Cash flows from financing activities    
Payment of debt, including premium on extinguishment (132.7) (2,475.1)
Proceeds from issuance of debt 528.0 54.0
Payment of debt issuance costs (0.8) (0.1)
Payment of contingent consideration (197.0) 0.0
Treasury stock purchases (239.8) (268.5)
Accelerated share repurchase (125.0) 0.0
Dividends paid to shareholders (57.2) (65.1)
Share based award tax withholding payments, net of proceeds upon vesting (12.6) (3.3)
Other financing activities, net 0.0 (8.9)
Net cash used by financing activities from continuing operations (237.1) (2,767.0)
Net cash used by financing activities from discontinued operations 0.0 (2.2)
Net cash used by financing activities (237.1) (2,769.2)
Effect of exchange rate changes on cash and cash equivalents 0.0 (2.9)
Net change in cash, cash equivalents and restricted cash in continuing operations (158.3) (400.0)
Cash, cash equivalents, and restricted cash, beginning of period 627.1 561.4
Cash, cash equivalents, and restricted cash, end of period 468.8 161.4
Supplemental disclosure of cash flow information    
Cash paid for interest 92.1 172.1
Cash paid for taxes 34.7 43.9
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 3.6 2.1
Non cash financing activities    
Issuance of shares through stock compensation plan 39.3 26.1
SB/RH    
Cash flows from operating activities    
Net income 0.0 639.0
Income from discontinued operations, net of tax 12.2 699.1
Net income (loss) from continuing operations (12.2) (60.1)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 113.1 138.4
Share based compensation 37.9 34.7
Unrealized (gain) loss on equity investments held (5.3) 38.2
Realized loss on equity investments sold 13.5 0.0
Loss on assets held for sale 26.8 0.0
Write-off from impairment of intangible assets 24.2 0.0
Amortization of debt issuance costs and debt discount 2.8 5.0
Write-off of unamortized discount and debt issuance costs 1.1 12.7
Deferred tax expense (benefit) 21.8 (9.2)
Net changes in operating assets and liabilities (398.7) (331.1)
Net cash provided (used) by operating activities from continuing operations (175.0) (171.4)
Net cash used by operating activities from discontinued operations 0.0 (250.4)
Net cash provided (used) by operating activities (175.0) (421.8)
Cash flows from investing activities    
Purchases of property, plant and equipment (44.5) (40.3)
Proceeds from disposal of property, plant and equipment 0.7 0.1
Proceeds from sale of assets held for sale 30.1 0.0
Proceeds from sale of discontinued operations, net of cash 3.6 2,854.4
Business acquisitions, net of cash acquired (17.0) 0.0
Proceeds from sale of equity investment 68.0 0.0
Other investing activity 2.5 (0.2)
Net cash provided by investing activities from continuing operations 43.4 2,814.0
Net cash used by investing activities from discontinued operations 0.0 (5.4)
Net cash provided by investing activities 43.4 2,808.6
Cash flows from financing activities    
Payment of debt, including premium on extinguishment (132.7) (2,087.9)
Proceeds from issuance of debt 528.0 54.0
Payment of debt issuance costs (0.8) (0.1)
Payment of contingent consideration (197.0) 0.0
Payment of cash dividends to parent (223.0) (696.9)
Other financing activities, net 0.0 (8.9)
Net cash used by financing activities from continuing operations (25.5) (2,739.8)
Net cash used by financing activities from discontinued operations 0.0 (2.2)
Net cash used by financing activities (25.5) (2,742.0)
Effect of exchange rate changes on cash and cash equivalents 0.0 (2.9)
Net change in cash, cash equivalents and restricted cash in continuing operations (157.1) (358.1)
Cash, cash equivalents, and restricted cash, beginning of period 621.9 514.3
Cash, cash equivalents, and restricted cash, end of period 464.8 156.2
Supplemental disclosure of cash flow information    
Cash paid for interest 92.1 141.0
Cash paid for taxes 34.7 43.9
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases $ 3.6 $ 2.1