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SEGMENT INFORMATION
 6 Months Ended
Apr. 03, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Net sales relating to the segments for the three and six month periods ended April 3, 2022 and April 4, 2021 are as follows:
Three Month Periods EndedSix Month Periods Ended
(in millions)April 3, 2022April 4, 2021April 3, 2022April 4, 2021
HPC$316.1 $297.9 695.8 676.4 
GPC295.1 293.6 597.3 569.1 
H&G196.6 168.8 271.9 251.0 
Net sales$807.8 $760.3 $1,565.0 $1,496.5 
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 compensation costs consist of costs associated with long-term incentive compensation arrangements that generally consist of non-cash, stock-based compensation. During the six month period ended April 4, 2021, compensation costs included incentive bridge awards previously issued due to changes in the Company’s LTIP that allowed for cash based payment upon employee election but do not qualify for shared-based compensation, which were fully vested in November 2020. See Note 14 – Share Based Compensation for further details;
•Restructuring and related charges consist of project costs associated with the restructuring initiatives across the Company's segments. See Note 4 – Restructuring and Related Charges for further details;
•Transaction related charges are attributable to costs from qualifying strategic transaction or business opportunities, including an acquisition or divestiture, whether or not consummated, subsequent integration related project costs, divestiture support and incremental separation costs. See Note 1 – Basis of Presentation & Significant Accounting Policies for further details;
•Incremental costs towards the SAP S/4 HANA ERP transformation to implement our enterprise-wide operating systems to SAP S/4 HANA on a global basis. This is a multi-year project that includes various costs, including software configuration and implementation costs that would be recognized as capital expenditures or deferred costs in accordance with applicable accounting policies, with certain costs recognized as operating expense associated with project development and management costs, and professional services with business partners engaged towards planning, design and business process review that would not qualify as software implementation costs. The Company has substantially completed the design phase of the project and is currently moving into the build phase;
•Unallocated shared costs associated with discontinued operations from certain shared and center-led administrative functions the Company's business units excluded from income from discontinued operations as they are not a direct cost of the discontinued business but a result of indirect allocations, including but not limited to, information technology, human resources, finance and accounting, supply chain, and commercial operations. Amounts attributable to unallocated shared costs would be mitigated through subsequent strategic or restructuring initiatives, TSAs, elimination of extraneous costs, or re-allocations or absorption of existing continuing operations following the completed sale of the discontinued operations. See Note 2 – Divestitures for further details;
•Non-cash purchase accounting adjustments recognized in earnings from continuing operations subsequent to an acquisition, including, but not limited to, the costs attributable to the step-up in inventory value, and the incremental value in ROU operating lease assets with below market rent, among others;
•Non-cash asset impairments or write-offs realized and recognized in earnings from continuing operations;
•Gains attributable to the Company's investment in Energizer common stock during the three and six month periods ended April 4, 2021, with such remaining shares sold in January 2021. See Note 12 – Fair Value of Financial Instruments for further details;
•Incremental reserves for non-recurring litigation or environmental remediation activity including the proposed settlement on outstanding litigation matters at our H&G division attributable to significant and unusual nonrecurring claims with no previous history or precedent recognized during the six month period ended April 4, 2021 and the subsequent remeasurement during the six month period ended April 3, 2022;
•Incremental costs realized under a three-year tolling agreement entered into with the buyer in consideration with the divestiture of the Coevorden Operations on March 29, 2020, for the continued production of dog and cat food products purchased to support the GPC commercial operations and distribution in Europe; and
•Other adjustments are primarily attributable to: (1) incremental trade spend reserves realized from the transition and integration of the Rejuvenate business into the H&G segment and the Company's systems and processes during the three and six month periods ended April 3, 2022, (2) incremental fines and penalties realized for delayed shipments attributable to the GPC distribution transition initiative during the three and six month periods ended April 3, 2022, and (3) costs associated with Salus as they are not considered a component of the continuing commercial products company.
Segment Adjusted EBITDA for the reportable segments for SBH for the three and six month periods ended April 3, 2022 and April 4, 2021, are as follows:
Three Month Periods EndedSix Month Periods Ended
SBH (in millions)April 3, 2022April 4, 2021April 3, 2022April 4, 2021
HPC$10.6 $25.4 38.0 76.3 
GPC40.6 55.6 79.3 109.2 
H&G37.7 34.8 30.4 45.3 
Total Segment Adjusted EBITDA88.9 115.8 147.7 230.8 
Corporate9.9 8.3 19.4 17.5 
Interest expense24.7 52.8 46.4 76.0 
Depreciation and amortization25.7 30.2 51.1 57.2 
Share and incentive based compensation6.6 7.2 12.2 14.2 
Restructuring and related charges16.4 4.3 33.8 13.3 
Transaction related charges20.2 8.2 35.1 27.2 
Global ERP Transformation3.2 — 3.2 — 
Unallocated shared costs6.9 6.7 13.8 13.4 
Non-cash purchase accounting adjustments3.5 2.6 3.5 3.4 
Gain on Energizer investment— (0.9)— (6.9)
Legal and environmental remediation reserves— — (0.5)6.0 
Coevorden tolling related charges1.5 1.5 3.0 3.1 
Other2.2 0.2 4.8 0.1 
(Loss) income from continuing operations before income taxes$(31.9)$(5.3)$(78.1)$6.3 
Segment Adjusted EBITDA for reportable segments for SB/RH for the three and six month periods ended April 3, 2022 and April 4, 2021 are as follows:
Three Month Periods EndedSix Month Periods Ended
SB/RH (in millions)
April 3, 2022April 4, 2021April 3, 2022April 4, 2021
HPC$10.6 $25.4 38.0 76.3 
GPC40.6 55.6 79.3 109.2 
H&G37.7 34.8 30.4 45.3 
Total Segment Adjusted EBITDA88.9 115.8 147.7 230.8 
Corporate9.6 8.1 18.9 16.7 
Interest expense24.8 52.9 46.7 76.1 
Depreciation and amortization25.7 30.2 51.1 57.2 
Share and incentive based compensation6.2 6.8 11.8 13.6 
Restructuring and related charges16.4 4.3 33.8 13.3 
Transaction related charges20.2 8.2 35.1 27.2 
SAP S/4 HANA ERP Transformation3.2 — 3.2 — 
Unallocated shared costs6.9 6.7 13.8 13.4 
Non-cash purchase accounting adjustments3.5 2.6 3.5 3.4 
Gain on Energizer investment— (0.9)— (6.9)
Legal and environmental remediation reserves— — (0.5)6.0 
Coevorden tolling related charges1.5 1.5 3.0 3.1 
Other2.1 0.1 4.4 0.1 
(Loss) income from continuing operations before income taxes$(31.2)$(4.7)$(77.1)$7.6