Guarantor and Non-Guarantor Financial Information (Tables)

9 Months Ended

Jun. 30, 2018

Guarantor and Non-Guarantor Financial Information [Abstract]

Schedule of Condensed Consolidating Statements of Earnings and Comprehensive Income

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

Three Months Ended June 30, 2018

	Parent Company			Guarantors			Non-Guarantors			Eliminations			Total
Net sales	$	—		$	425.1		$	278.0		$	(82.5	)	$	620.6
Cost of products sold	—			236.9			163.5			(82.5		)	317.9
Gross profit	—			188.2			114.5			—			302.7
Selling, general and administrative expense	—			61.2			39.5			—			100.7
Advertising and sales promotion expense	—			70.0			35.3			—			105.3
Research and development expense	—			14.9			—			—			14.9
Impairment charge	—			24.4			—			—			24.4
Restructuring charges	—			13.4			2.0			—			15.4
Sale of Playtex gloves	—			0.6			—			—			0.6
Interest expense associated with debt	13.4			2.8			0.3			—			16.5
Other expense, net	—			0.8			2.7			—			3.5
Intercompany service fees	—			(3.5		)	3.5			—			—
Equity in earnings of subsidiaries	(21.9		)	(25.7		)	—			47.6			—
Earnings before income taxes	8.5			29.3			31.2			(47.6		)	21.4
Income tax (benefit) provision	(3.6		)	7.4			5.5			—			9.3
Net earnings	$	12.1		$	21.9		$	25.7		$	(47.6	)	$	12.1
Statement of Comprehensive Income:
Net earnings	$	12.1		$	21.9		$	25.7		$	(47.6	)	$	12.1
Other comprehensive loss, net of tax	(30.0		)	(30.0		)	(30.5		)	60.5			(30.0		)
Total comprehensive loss	$	(17.9	)	$	(8.1	)	$	(4.8	)	$	12.9		$	(17.9	)

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

Nine Months Ended June 30, 2018

	Parent Company			Guarantors			Non-Guarantors			Eliminations			Total
Net sales	$	—		$	1,143.9		$	788.5		$	(235.4	)	$	1,697.0
Cost of products sold	—			661.9			465.4			(235.4		)	891.9
Gross profit	—			482.0			323.1			—			805.1
Selling, general and administrative expense	—			187.9			113.5			—			301.4
Advertising and sales promotion expense	—			139.3			90.6			—			229.9
Research and development expense	—			46.5			—			—			46.5
Impairment charge	—			24.4			—			—			24.4
Restructuring charges	—			15.8			3.3			—			19.1
Sale of Playtex gloves	—			(15.3		)	—			—			(15.3		)
Interest expense associated with debt	40.1			11.6			0.8			—			52.5
Other expense, net	—			1.8			4.5			—			6.3
Intercompany service fees	—			(14.6		)	14.6			—			—
Equity in earnings of subsidiaries	(113.2		)	(79.1		)	—			192.3			—
Earnings before income taxes	73.1			163.7			95.8			(192.3		)	140.3
Income tax (benefit) provision	(10.8		)	50.5			16.7			—			56.4
Net earnings	$	83.9		$	113.2		$	79.1		$	(192.3	)	$	83.9
Statement of Comprehensive Income:
Net earnings	$	83.9		$	113.2		$	79.1		$	(192.3	)	$	83.9
Other comprehensive loss, net of tax	(4.9		)	(4.9		)	(6.5		)	11.4			(4.9		)
Total comprehensive income	$	79.0		$	108.3		$	72.6		$	(180.9	)	$	79.0

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

Three Months Ended June 30, 2017

	Parent Company			Guarantors			Non-Guarantors			Eliminations			Total
Net sales	$	—		$	447.8		$	291.4		$	(101.7	)	$	637.5
Cost of products sold	—			247.6			169.5			(101.7		)	315.4
Gross profit	—			200.2			121.9			—			322.1
Selling, general and administrative expense	—			63.6			33.9			—			97.5
Advertising and sales promotion expense	—			76.9			37.3			—			114.2
Research and development expense	—			16.3			0.1			—			16.4
Restructuring charges	—			2.5			10.0			—			12.5
Interest expense associated with debt	13.4			4.0			0.2			—			17.6
Other income, net	—			—			(1.6		)	—			(1.6		)
Intercompany service fees	—			(4.7		)	4.7			—			—
Equity in earnings of subsidiaries	(64.1		)	(31.5		)	—			95.6			—
Earnings before income taxes	50.7			73.1			37.3			(95.6		)	65.5
Income tax (benefit) provision	(4.2		)	9.0			5.8			—			10.6
Net earnings	$	54.9		$	64.1		$	31.5		$	(95.6	)	$	54.9
Statement of Comprehensive Income:
Net earnings	54.9			64.1			31.5			(95.6		)	54.9
Other comprehensive income, net of tax	40.6			40.6			40.2			(80.8		)	40.6
Total comprehensive income	$	95.5		$	104.7		$	71.7		$	(176.4	)	$	95.5

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

Nine Months Ended June 30, 2017

	Parent Company			Guarantors			Non-Guarantors			Eliminations			Total
Net sales	$	—		$	1,224.1		$	799.3		$	(289.9	)	$	1,733.5
Cost of products sold	—			689.1			474.6			(289.9		)	873.8
Gross profit	—			535.0			324.7			—			859.7
Selling, general and administrative expense	—			192.2			103.0			—			295.2
Advertising and sales promotion expense	—			159.8			87.5			—			247.3
Research and development expense	—			49.6			0.6			—			50.2
Restructuring charges	—			7.4			17.5			—			24.9
Interest expense associated with debt	40.1			11.1			1.1			—			52.3
Other income, net	—			—			(10.1		)	—			(10.1		)
Intercompany service fees	—			(17.2		)	17.2			—			—
Equity in earnings of subsidiaries	(180.1		)	(88.9		)	—			269.0			—
Earnings before income taxes	140.0			221.0			107.9			(269.0		)	199.9
Income tax (benefit) provision	(14.1		)	40.9			19.0			—			45.8
Net earnings	$	154.1		$	180.1		$	88.9		$	(269.0	)	$	154.1
Statement of Comprehensive Income:
Net earnings	154.1			180.1			88.9			(269.0		)	154.1
Other comprehensive income, net of tax	20.9			20.9			19.1			(40.0		)	20.9
Total comprehensive income	$	175.0		$	201.0		$	108.0		$	(309.0	)	$	175.0

Schedule of Condensed Consolidating Balance Sheets

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING BALANCE SHEETS

June 30, 2018

	Parent Company		Guarantors		Non-Guarantors		Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	5.6	$	212.9	$	—		$	218.5
Trade receivables, net	—		46.5		179.1		—			225.6
Inventories	—		191.3		150.1		—			341.4
Other current assets	—		49.6		85.7		—			135.3
Total current assets	—		293.0		627.8		—			920.8
Investment in subsidiaries	3,725.5		1,179.5		—		(4,905.0		)	—
Intercompany receivables, net (1)	—		849.0		56.8		(905.8		)	—
Property, plant and equipment, net	—		319.2		108.3		—			427.5
Goodwill	—		1,037.5		413.2		—			1,450.7
Other intangible assets, net	—		889.8		214.4		—			1,104.2
Other assets	1.1		0.1		32.2		—			33.4
Total assets	$	3,726.6	$	4,568.1	$	1,452.7	$	(5,810.8	)	$	3,936.6
Liabilities and Shareholders' Equity
Current liabilities	$	6.4	$	506.3	$	224.0	$	—		$	736.7
Intercompany payables, net (1)	905.8		—		—		(905.8		)	—
Long-term debt	1,096.5		—		—		—			1,096.5
Deferred income tax liabilities	—		115.9		35.1		—			151.0
Other liabilities	—		220.4		14.1		—			234.5
Total liabilities	2,008.7		842.6		273.2		(905.8		)	2,218.7
Total shareholders' equity	1,717.9		3,725.5		1,179.5		(4,905.0		)	1,717.9
Total liabilities and shareholders' equity	$	3,726.6	$	4,568.1	$	1,452.7	$	(5,810.8	)	$	3,936.6

(1) Intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the Parent Company and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business.

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING BALANCE SHEETS

September 30, 2017

	Parent Company		Guarantors		Non-Guarantors		Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	6.4	$	496.5	$	—		$	502.9
Trade receivables, net	—		34.4		189.7		—			224.1
Inventories	—		198.7		134.8		—			333.5
Other current assets	—		46.3		79.4		—			125.7
Total current assets	—		285.8		900.4		—			1,186.2
Investment in subsidiaries	3,554.1		1,363.2		—		(4,917.3		)	—
Intercompany receivables, net (1)	—		644.2		54.7		(698.9		)	—
Property, plant and equipment, net	—		335.7		117.7		—			453.4
Goodwill	—		1,061.9		384.0		—			1,445.9
Other intangible assets, net	—		900.3		171.4		—			1,071.7
Other assets	1.6		0.1		29.9		—			31.6
Total assets	$	3,555.7	$	4,591.2	$	1,658.1	$	(5,616.2	)	$	4,188.8
Liabilities and Shareholders' Equity
Current liabilities	$	19.3	$	259.8	$	245.3	$	—		$	524.4
Intercompany payables, net (1)	698.9		—		—		(698.9		)	—
Long-term debt	1,095.4		430.0		—		—			1,525.4
Deferred income tax liabilities	—		147.6		34.2		—			181.8
Other liabilities	0.4		199.7		15.4		—			215.5
Total liabilities	1,814.0		1,037.1		294.9		(698.9		)	2,447.1
Total shareholders' equity	1,741.7		3,554.1		1,363.2		(4,917.3		)	1,741.7
Total liabilities and shareholders' equity	$	3,555.7	$	4,591.2	$	1,658.1	$	(5,616.2	)	$	4,188.8

(1) Intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the Parent Company and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business.

Schedule of Condensed Consolidating Statements of Cash Flows

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

Nine Months Ended June 30, 2018

	Parent Company			Guarantors			Non-Guarantors			Eliminations			Total
Net cash flow from operations	$	126.6		$	343.2		$	73.7		$	(350.2	)	$	193.3
Cash Flow from Investing Activities
Capital expenditures	—			(31.3		)	(10.5		)	—			(41.8		)
Acquisitions, net of cash acquired	—			(90.2		)	—			—			(90.2		)
Playtex glove sale	—			19.0			—			—			19.0
Proceeds from sale of assets	—			4.7			—			—			4.7
Net cash used by investing activities	—			(97.8		)	(10.5		)	—			(108.3		)
Cash Flow from Financing Activities
Cash proceeds from debt with original maturities greater than 90 days	—			477.0			—			—			477.0
Cash payments on debt with original maturities greater than 90 days	—			(722.0		)	—			—			(722.0		)
Net (decrease) increase in debt with original maturities of 90 days or less	—			(1.2		)	1.4			—			0.2
Common shares purchased	(124.4		)	—			—			—			(124.4		)
Intercompany dividend	—			—			(350.2		)	350.2			—
Employee shares withheld for taxes	(2.2		)	—			—			—			(2.2		)
Net cash used by financing activities	(126.6		)	(246.2		)	(348.8		)	350.2			(371.4		)
Effect of exchange rate changes on cash	—			—			2.0			—			2.0
Net decrease in cash and cash equivalents	—			(0.8		)	(283.6		)	—			(284.4		)
Cash and cash equivalents, beginning of period	—			6.4			496.5			—			502.9
Cash and cash equivalents, end of period	$	—		$	5.6		$	212.9		$	—		$	218.5

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

Nine Months Ended June 30, 2017

	Parent Company			Guarantors			Non-Guarantors			Eliminations			Total
Net cash flow from operations	$	108.3		$	8.3		$	88.4		$	(70.0	)	$	135.0
Cash Flow from Investing Activities
Capital expenditures	—			(36.0		)	(9.4		)	—			(45.4		)
Acquisitions, net of cash acquired	—			—			(34.0		)	—			(34.0		)
Proceeds from sale of assets	—			5.9			—			—			5.9
Net cash used by investing activities	—			(30.1		)	(43.4		)	—			(73.5		)
Cash Flow from Financing Activities
Cash proceeds from debt with original maturities greater than 90 days	—			181.0			—			—			181.0
Cash payments on debt with original maturities greater than 90 days	—			(146.0		)	(277.0		)	—			(423.0		)
Net increase (decrease) in debt with original maturities of 90 days or less	—			0.7			(0.6		)	—			0.1
Common shares purchased	(94.6		)	—			—			—			(94.6		)
Intercompany dividends	—			—			(70.0		)	70.0			—
Employee shares withheld for taxes	(15.6		)	—			—			—			(15.6		)
Excess tax benefits from share-based payments	1.9			—			—			—			1.9
Net cash (used by) from financing activities	(108.3		)	35.7			(347.6		)	70.0			(350.2		)
Effect of exchange rate changes on cash	—			—			4.7			—			4.7
Net increase (decrease) in cash and cash equivalents	—			13.9			(297.9		)	—			(284.0		)
Cash and cash equivalents, beginning of period	—			5.8			733.1			—			738.9
Cash and cash equivalents, end of period	$	—		$	19.7		$	435.2		$	—		$	454.9