Segments (Tables)

9 Months Ended

Jun. 30, 2020

Schedule of Segment Reporting Information, by Segment

Segment sales and profitability for the quarters and nine months ended June 30, 2020 and 2019, respectively, are presented below:


	For the Quarter Ended June 30,						For the Nine Months Ended June 30,
	2020		2019		2020		2019
Net Sales
Americas	$	491.9	$	465.1	$	1,416.3	$	1,220.2
International	166.1		182.1		565.5		555.3
Total net sales	$	658.0	$	647.2	$	1,981.8	$	1,775.5
Segment Profit
Americas	$	122.9	$	103.8	$	353.9	$	308.6
International	34.8		41.0		127.4		132.0
Total segment profit	157.7		144.8		481.3		440.6

General corporate and other expenses (1)	(25.6)		(29.9)		(74.0)		(78.3)
Global marketing expense (2)	(7.4)		(3.0)		(19.1)		(12.5)
Research and development expense - Adjusted (3)	(8.2)		(9.2)		(24.4)		(23.4)
Amortization of intangible assets	(14.3)		(14.4)		(42.3)		(30.1)
Acquisition and integration costs (4)	(11.4)		(28.0)		(47.6)		(159.9)

Interest expense - Adjusted (5)(6)	(50.8)		(51.9)		(144.8)		(111.7)
Loss on extinguishment of debt (6)	—		—		(4.2)		—
Other items, net - Adjusted (7)	(1.1)		1.0		(5.4)		0.7
Total earnings before income taxes	$	38.9	$	9.4	$	119.5	$	25.4

(1) Included in SG&A in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.

(2) Global marketing expense for the quarter and nine months ended June 30, 2020 included $3.0 and $8.5 recorded in SG&A, respectively, and $4.4 and $10.6 recorded in Advertising and sales promotion expense, respectively, in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income. The quarter and nine months ended June 30, 2019 included $0.6 and $4.0 recorded in SG&A, respectively, and $2.4 and $8.5 recorded in Advertising and sales promotion expense, respectively, in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.

(3) Research and development expense for the quarter and nine months ended June 30, 2020 included $0.2 and $1.2, respectively, and $0.3 for the quarter and nine months ended June 30, 2019 of acquisition and integration costs which have been reclassified for purposes of the reconciliation above.

(4) Acquisition and integration costs were included in the following lines in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income:


	For the Quarter Ended June 30,						For the Nine Months Ended June 30,
	2020		2019		2020		2019
Inventory Step Up	$	—	$	6.5	$	—	$	33.7
Cost of products sold	5.5		5.9		20.7		10.4
Selling, general and administrative expense	6.1		15.1		25.3		63.1
Research and development expense	0.2		0.3		1.2		0.3
Interest expense	—		—		—		65.6
Other items, net	(0.4)		0.2		0.4		(13.2)
Total acquisition and integration costs	$	11.4	$	28.0	$	47.6	$	159.9

(5) Interest expense for the nine months ended June 30, 2019 included $65.6 of acquisition commitment fees, debt ticking fees and interest on escrowed debt which have been reclassified for purposes of the reconciliation above.

(6) Loss on extinguishment of debt for the nine months ended June 30, 2020 includes the write off of deferred financing fees related to the term loan refinancing and was recorded in Interest expense on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.

(7) Other items, net for the quarter and nine months ended June 30, 2020 on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income included acquisition related income of $0.4 and costs of $0.4, respectively, which has

been reclassified for purposes of the reconciliation above. For the quarter and nine months ended June 30, 2019 on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income included acquisition related costs of $0.2 and income of $13.2, respectively, which has been reclassified for purposes of the reconciliation above.

Reconciliation of Assets from Segment to Consolidated


Total Assets	June 30, 2020		September 30, 2019
Americas	$	1,433.6	$	991.9
International	632.3		621.0
Total segment assets	$	2,065.9	$	1,612.9
Corporate	128.5		81.3
Goodwill and other intangible assets	2,932.1		2,963.7
Assets held for sale	—		791.7
Total assets	$	5,126.5	$	5,449.6