XML 25 R13.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Notes)
3 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Income taxes INCOME TAXESAt both December 31, 2020 and 2019, BellRing Inc. held 28.8% of the economic interest in BellRing LLC (see Note 1), which, as a result of the IPO and formation transactions, is treated as a partnership for U.S. federal income tax purposes. As a partnership, BellRing LLC is itself generally not subject to U.S. federal income tax under current U.S. tax laws.The effective income tax rate was 6.0% for the three months ended December 31, 2020 and 15.6% for the three months ended December 31, 2019. The decrease in the effective income tax rate compared to the prior year period was primarily due to the Company taking into account for U.S. federal, state and local income tax purposes its 28.8% distributive share of the items of income, gain, loss and deduction of BellRing LLC in the periods subsequent to the IPO. Prior to the IPO and formation transactions, the Company reported 100% of the income, gain, loss and deduction of BellRing LLC.