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Condensed Consolidated Statements of Cash Flows - SB/RH - USD ($)
$ in Millions
3 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Cash flows from operating activities    
Net income $ 8.6 $ 72.9
Income from discontinued operations, net of tax 38.8 57.2
Net (loss) income from continuing operations (30.2) 15.7
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 25.4 27.1
Share based compensation 5.6 6.4
Gain on equity investment 0.0 (6.0)
Amortization of debt issuance costs and debt discount 1.4 1.4
Inventory acquisition step-up 0.0 0.8
Deferred tax benefit (27.3) (13.2)
Net changes in operating assets and liabilities (230.7) (142.9)
Net cash used by operating activities from continuing operations (255.8) (110.7)
Net cash (used) provided by operating activities from discontinued operations (15.3) 0.6
Net cash used by operating activities (271.1) (110.1)
Cash flows from investing activities    
Purchases of property, plant and equipment (14.1) (7.6)
Proceeds from disposal of property, plant and equipment 0.1 0.1
Business acquisitions, net of cash acquired 0.0 (129.8)
Proceeds from sale of equity investment 0.0 60.5
Net cash used by investing activities from continuing operations (14.0) (76.8)
Net cash used by investing activities from discontinued operations (5.0) (4.2)
Net cash used by investing activities (19.0) (81.0)
Cash flows from financing activities    
Payment of debt (3.2) (53.6)
Proceeds from issuance of debt 465.0 0.1
Net cash provided (used) by financing activities from continuing operations 310.0 (120.4)
Net cash used by financing activities from discontinued operations (0.4) (1.4)
Net cash provided (used) by financing activities 309.6 (121.8)
Effect of exchange rate changes on cash and cash equivalents (2.5) 5.8
Net change in cash, cash equivalents and restricted cash in continuing operations 17.0 (307.1)
Cash, cash equivalents, and restricted cash, beginning of period 190.0 533.7
Cash, cash equivalents, and restricted cash, end of period 207.0 226.6
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.2 0.1
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 14.7 16.9
Cash paid for taxes associated with continued operations 6.6 6.2
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 12.1 11.4
Cash paid for taxes associated with continued operations 6.4 2.0
SB/RH    
Cash flows from operating activities    
Net income 8.7 73.3
Income from discontinued operations, net of tax 38.8 57.2
Net (loss) income from continuing operations (30.1) 16.1
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 25.4 27.1
Share based compensation 5.6 6.4
Gain on equity investment 0.0 (6.0)
Amortization of debt issuance costs and debt discount 1.4 1.4
Inventory acquisition step-up 0.0 0.8
Deferred tax benefit (27.1) (13.1)
Net changes in operating assets and liabilities (263.5) (148.0)
Net cash used by operating activities from continuing operations (288.3) (115.3)
Net cash (used) provided by operating activities from discontinued operations (15.3) 0.7
Net cash used by operating activities (303.6) (114.6)
Cash flows from investing activities    
Purchases of property, plant and equipment (14.1) (7.6)
Proceeds from disposal of property, plant and equipment 0.1 0.1
Business acquisitions, net of cash acquired 0.0 (129.8)
Proceeds from sale of equity investment 0.0 60.5
Net cash used by investing activities from continuing operations (14.0) (76.8)
Net cash used by investing activities from discontinued operations (5.0) (4.2)
Net cash used by investing activities (19.0) (81.0)
Cash flows from financing activities    
Payment of debt (3.2) (53.6)
Proceeds from issuance of debt 465.0 0.1
Payment of cash dividends to parent (119.2) (60.1)
Net cash provided (used) by financing activities from continuing operations 342.6 (113.6)
Net cash used by financing activities from discontinued operations (0.4) (1.4)
Net cash provided (used) by financing activities 342.2 (115.0)
Effect of exchange rate changes on cash and cash equivalents (2.5) 5.8
Net change in cash, cash equivalents and restricted cash in continuing operations 17.1 (304.8)
Cash, cash equivalents, and restricted cash, beginning of period 188.3 529.7
Cash, cash equivalents, and restricted cash, end of period 205.4 224.9
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.2 0.1
SB/RH | Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 14.7 16.9
Cash paid for taxes associated with continued operations 6.6 6.2
SB/RH | Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 12.1 11.4
Cash paid for taxes associated with continued operations $ 6.4 $ 2.0