XML 19 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Apr. 03, 2022
Apr. 04, 2021
Income Statement [Abstract]        
Net Sales $ 807.8 $ 760.3 $ 1,565.0 $ 1,496.5
Cost of goods sold 551.0 498.0 1,088.6 981.3
Restructuring and related charges 1.2 1.3 1.5 1.4
Gross profit 255.6 261.0 474.9 513.8
Selling 144.1 121.9 280.1 236.6
General and administrative 76.0 74.8 143.6 152.5
Research and development 8.2 7.8 15.8 14.4
Restructuring and related charges 15.2 3.0 32.3 11.9
Transaction related charges 20.2 8.2 35.1 27.2
Total operating expenses 263.7 215.7 506.9 442.6
Operating (loss) income (8.1) 45.3 (32.0) 71.2
Interest expense 24.7 52.8 46.4 76.0
Other non-operating income, net (0.9) (2.2) (0.3) (11.1)
(Loss) income from continuing operations before income taxes (31.9) (5.3) (78.1) 6.3
Income tax benefit (6.8) (0.7) (22.8) (4.8)
Net (loss) income from continuing operations (25.1) (4.6) (55.3) 11.1
Income from discontinued operations, net of tax 41.1 40.3 79.9 97.5
Net income 16.0 35.7 24.6 108.6
Net (loss) income from continuing operations attributable to non-controlling interest 0.0 (0.9) 0.0 0.1
Net income (loss) from discontinued operations attributable to non-controlling interest 0.1 0.0 0.5 (0.2)
Net income attributable to controlling interest 15.9 36.6 24.1 108.7
Amounts attributable to controlling interest        
Net (loss) income from continuing operations attributable to controlling interest (25.1) (3.7) (55.3) 11.0
Net income from discontinued operations attributable to controlling interest 41.0 40.3 79.4 97.7
Net income attributable to controlling interest $ 15.9 $ 36.6 $ 24.1 $ 108.7
Earnings Per Share        
Basic earnings per share from continuing operations (in dollars per share) $ (0.61) $ (0.09) $ (1.35) $ 0.26
Basic earnings per share from discontinued operations (in dollars per share) 1.00 0.95 1.94 2.28
Basic earnings per share (in dollars per share) 0.39 0.86 0.59 2.54
Diluted earnings per share from continuing operations (in dollars per share) (0.61) (0.09) (1.35) 0.26
Diluted earnings per share from discontinued operations (in dollars per share) 1.00 0.95 1.94 2.27
Diluted earnings per share (in dollars per share) 0.39 0.86 0.59 2.53
Dividend per share (in dollars per share) $ 0.42 $ 0.42 $ 0.84 $ 0.84
Weighted Average Shares Outstanding        
Basic (in shares) 40.8 42.6 41.1 42.8
Diluted (in shares) 40.8 42.6 41.1 43.0