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Condensed Consolidated Statements of Cash Flows - SB/RH - USD ($)
$ in Millions
3 Months Ended
Jan. 01, 2023
Jan. 02, 2022
Cash flows from operating activities    
Net (loss) income $ (20.5) $ 8.6
Income from discontinued operations, net of tax 19.5 38.8
Net loss from continuing operations (40.0) (30.2)
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation 12.2 12.2
Amortization 10.4 13.3
Share based compensation 3.3 5.6
Amortization of debt issuance costs and debt discount 2.0 1.4
Gain from contingent consideration liability (1.5) 0.0
Non-cash purchase accounting adjustments 0.5 0.0
Deferred tax benefit (18.4) (27.3)
Net changes in operating assets and liabilities (25.5) (230.8)
Net cash used by operating activities from continuing operations (57.0) (255.8)
Net cash used by operating activities from discontinued operations (7.2) (15.3)
Net cash used by operating activities (64.2) (271.1)
Cash flows from investing activities    
Purchases of property, plant and equipment (10.0) (14.1)
Proceeds from disposal of property, plant and equipment 0.0 0.1
Net cash used by investing activities from continuing operations (10.0) (14.0)
Net cash used by investing activities from discontinued operations (3.6) (5.0)
Net cash used by investing activities (13.6) (19.0)
Cash flows from financing activities    
Payment of debt (3.3) (3.2)
Proceeds from issuance of debt 90.0 465.0
Payment of debt issuance costs (2.3) 0.0
Net cash provided by financing activities from continuing operations 56.8 310.0
Net cash used by financing activities from discontinued operations (0.4) (0.4)
Net cash provided by financing activities 56.4 309.6
Effect of exchange rate changes on cash and cash equivalents 5.7 (2.5)
Net change in cash, cash equivalents and restricted cash in continuing operations (15.7) 17.0
Cash, cash equivalents, and restricted cash, beginning of period 243.9 190.0
Cash, cash equivalents, and restricted cash, end of period 228.2 207.0
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.1 0.2
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 16.6 14.7
Cash paid for taxes associated with continued operations 6.1 6.6
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 8.9 12.1
Cash paid for taxes associated with continued operations 6.0 6.4
SB/RH    
Cash flows from operating activities    
Net (loss) income (20.3) 8.7
Income from discontinued operations, net of tax 19.5 38.8
Net loss from continuing operations (39.8) (30.1)
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation 12.2 12.2
Amortization 10.4 13.3
Share based compensation 3.1 5.6
Amortization of debt issuance costs and debt discount 2.0 1.4
Gain from contingent consideration liability (1.5) 0.0
Non-cash purchase accounting adjustments 0.5 0.0
Deferred tax benefit (18.5) (27.1)
Net changes in operating assets and liabilities (36.0) (263.6)
Net cash used by operating activities from continuing operations (67.6) (288.3)
Net cash used by operating activities from discontinued operations (7.1) (15.3)
Net cash used by operating activities (74.7) (303.6)
Cash flows from investing activities    
Purchases of property, plant and equipment (10.0) (14.1)
Proceeds from disposal of property, plant and equipment 0.0 0.1
Net cash used by investing activities from continuing operations (10.0) (14.0)
Net cash used by investing activities from discontinued operations (3.6) (5.0)
Net cash used by investing activities (13.6) (19.0)
Cash flows from financing activities    
Payment of debt (3.3) (3.2)
Proceeds from issuance of debt 90.0 465.0
Payment of debt issuance costs (2.3) 0.0
Payment of cash dividends to parent (17.1) (119.2)
Net cash provided by financing activities from continuing operations 67.3 342.6
Net cash used by financing activities from discontinued operations (0.4) (0.4)
Net cash provided by financing activities 66.9 342.2
Effect of exchange rate changes on cash and cash equivalents 5.7 (2.5)
Net change in cash, cash equivalents and restricted cash in continuing operations (15.7) 17.1
Cash, cash equivalents, and restricted cash, beginning of period 242.6 188.3
Cash, cash equivalents, and restricted cash, end of period 226.9 205.4
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.1 0.2
SB/RH | Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 16.6 14.7
Cash paid for taxes associated with continued operations 6.1 6.6
SB/RH | Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 8.9 12.1
Cash paid for taxes associated with continued operations $ 6.0 $ 6.4