Segment Data (Tables)

9 Months Ended

Jun. 30, 2020

Schedule of Segment Sales and Profitability

Segment net sales and profitability are presented below:


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
Net Sales
Wet Shave	$	278.0	$	327.7	$	835.5	$	909.8
Sun and Skin Care	136.9		169.3		369.5		382.7
Feminine Care	69.0		80.9		229.1		230.2
All Other	—		31.3		26.8		90.3
Total net sales	$	483.9	$	609.2	$	1,460.9	$	1,613.0

Segment Profit
Wet Shave	$	44.6	$	54.1	$	142.0	$	164.8
Sun and Skin Care	23.5		42.4		67.9		82.7
Feminine Care	12.0		15.5		43.4		36.7
All Other	—		3.4		3.1		10.2
Total segment profit	80.1		115.4		256.4		294.4
General corporate and other expenses	(17.7)		(13.1)		(41.9)		(43.5)
Impairment charges	—		(570.0)		—		(570.0)
Restructuring and related costs ⁽¹⁾	(10.4)		(8.9)		(30.8)		(42.8)
Acquisition and integration planning costs ⁽²⁾	(0.3)		(1.9)		(32.0)		(2.9)
Cost of early retirement of long-term debt	(26.2)		—		(26.2)		—
Gain on sale of Infant and Pet Care business	—		—		4.1		—
COVID-19 expenses ⁽³⁾	(3.9)		—		(3.9)		—
Feminine and Infant Care evaluation costs ⁽⁴⁾	—		(0.5)		(0.3)		(1.5)
Sun Care reformulation costs ⁽⁵⁾	—		(1.0)		—		(1.5)
Legal settlement expense ⁽⁶⁾	—		—		—		(0.9)
Amortization of intangibles	(4.2)		(4.4)		(12.7)		(13.4)
Interest and other expense, net	(12.1)		(18.3)		(49.6)		(49.3)
Total earnings (loss) before income taxes	$	5.3	$	(502.7)	$	63.1	$	(431.4)

(1)Includes pre-tax SG&A of $2.3 and $10.0 for the three and nine months ended June 30, 2020, respectively, and $1.8 and $5.1 for the three and nine months ended June 30, 2019, respectively, associated with certain information technology enablement expenses and incentive and retention compensation expenses for Project Fuel. Additionally, includes pre-tax Cost of products sold of $0.1 and $0.2 for the three and nine months ended June 30, 2020, respectively, related to inventory write-offs associated with Project Fuel.

(2)Includes pre-tax SG&A of $0.3 and $32.0 for the three and nine months ended June 30, 2020, respectively, and $1.9 and $2.9 for the three and nine months ended June 30, 2019, respectively, related to acquisition and integration planning costs.

(3)Includes pre-tax Cost of products sold of $3.9 for the three and nine months ended June 30, 2020 which included incremental costs incurred by the Company related to higher benefit and emergency payments, supplies and freight.

(4)Includes pre-tax SG&A of $0.3 for the nine months ended June 30, 2020, and $0.5 and $1.5 for the three and nine months ended June 30, 2019, respectively.

(5)Includes pre-tax Cost of products sold of $1.0 and $1.5 for the three and nine months ended June 30, 2019, respectively.

(6)Includes pre-tax SG&A of $0.9 for the nine months ended June 30, 2019.

Schedule of Sales by Geographic Area

The following table presents the Company’s net sales by geographic area:


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
Net Sales to Customers
United States	$	277.4	$	362.1	$	830.8	$	923.7
International	206.5		247.1		630.1		689.3
Total net sales	$	483.9	$	609.2	$	1,460.9	$	1,613.0

Schedule of Supplemental Product Information

Supplemental product information is presented below for net sales:


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
Razors and blades	$	244.9	$	291.3	$	735.3	$	807.2
Tampons, pads, and liners	69.0		80.9		229.1		230.2
Sun care products	94.0		135.7		246.3		285.2
Skin care products	42.9		33.6		123.2		97.5
Shaving gels and creams	33.1		36.4		100.2		102.6
Infant care and other	—		31.3		26.8		90.3
Total net sales	$	483.9	$	609.2	$	1,460.9	$	1,613.0