XML 41 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]      
Net sales $ 2,494.5 $ 1,797.7 $ 1,755.7
Cost of products sold 1,490.7 966.8 944.4
Gross profit 1,003.8 830.9 811.3
Selling, general and administrative expense 515.7 421.7 361.3
Advertising and sales promotion expense 127.3 112.9 116.1
Research and development expense 32.8 22.4 22.0
Amortization of intangible assets 43.2 11.5 11.2
Spin restructuring 0.0 0.0 (3.8)
Gain on sale of real estate 0.0 (4.6) (16.9)
Interest expense 226.0 98.4 53.1
Other items, net (14.3) (6.6) (5.0)
Earnings before income taxes 73.1 175.2 273.3
Income tax provision 8.4 81.7 71.8
Net earnings from continuing operations 64.7 93.5 201.5
Net loss from discontinued operations, net of income tax expense of $4.0 (13.6) 0.0 0.0
Net earnings 51.1 93.5 201.5
Mandatory preferred stock dividends (12.0) 0.0 0.0
Net earnings attributable to common shareholders $ 39.1 $ 93.5 $ 201.5
Earnings Per Share      
Basic net earnings per common share - continuing operations (in dollars per share) $ 0.79 $ 1.56 $ 3.27
Basic net loss per common share - discontinued operations (in dollars per share) (0.20) 0 0
Basic net earnings per common share (in dollars per share) 0.59 1.56 3.27
Diluted net earnings per common share - continuing operations (in dollars per share) 0.78 1.52 3.22
Diluted net loss per common share - discontinued operations (in dollars per share) (0.20) 0 0
Diluted net earnings per common share (in dollars per share) $ 0.58 $ 1.52 $ 3.22
Weighted average shares of common stock - Basic (in shares) 66.4 59.8 61.7
Weighted average shares of common stock- Diluted (in shares) 67.3 61.4 62.6
Dividend Per Common Share (in dollars per share) $ 1.20 $ 1.16 $ 1.10
Statement of Comprehensive Income      
Net earnings from continuing operations $ 51.1 $ 93.5 $ 201.5
Other comprehensive (loss)/income, net of tax (benefit)/expense      
Foreign currency translation adjustments (10.4) (20.5) 6.3
Pension activity, net of tax of ($12.1) in 2019, $6.3 in 2018, and $9.0 in 2017 (36.9) 22.9 20.5
Deferred (loss)/gain on hedging activity, net of tax of ($3.1) in 2019, $4.4 in 2018, and $1.7 in 2017 (9.2) 15.0 0.5
Total comprehensive (loss)/income $ (5.4) $ 110.9 $ 228.8