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Condensed Consolidated Statements of Income - SB/RH - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Apr. 03, 2022
Apr. 04, 2021
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
SB/RH        
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 75.2 74.1 142.4 151.1
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 262.9 215.0 505.7 441.2
Operating (loss) income (7.3) 46.0 (30.8) 72.6
Interest expense 24.8 52.9 46.7 76.1
Other non-operating income, net (0.9) (2.2) (0.4) (11.1)
(Loss) income from continuing operations before income taxes (31.2) (4.7) (77.1) 7.6
Income tax benefit (6.6) (0.5) (22.4) (4.4)
Net (loss) income from continuing operations (24.6) (4.2) (54.7) 12.0
Income from discontinued operations, net of tax 41.1 40.4 79.9 97.6
Net income 16.5 36.2 25.2 109.6
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 16.4 37.1 24.7 109.7
Amounts attributable to controlling interest        
Net (loss) income from continuing operations attributable to controlling interest (24.6) (3.3) (54.7) 11.9
Net income from discontinued operations attributable to controlling interest 41.0 40.4 79.4 97.8
Net income attributable to controlling interest $ 16.4 $ 37.1 $ 24.7 $ 109.7