Stockholders' Equity (Notes)

12 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity

STOCKHOLDERS’ DEFICIT

In connection with the Spin-off, 97.5 million shares of BellRing Common Stock were issued to Post, of which 78.1 million were distributed by Post to its shareholders in the Distribution, and 38.9 million shares of Old BellRing Class A Common Stock that were outstanding immediately prior to the Merger were converted into 38.9 million shares of BellRing Common Stock (see Note 1). As of September 30, 2022, the Company had 136.4 million and 135.3 million shares of BellRing Common Stock issued and outstanding, respectively. As of September 30, 2021, the Company had 39.5 million shares of Old BellRing Class A Common Stock issued and outstanding.

On May 23, 2022, the Company’s Board of Directors approved a $50.0 share repurchase authorization with respect to the shares of BellRing Common Stock. The Company’s prior share repurchase authorization for Old BellRing Class A Common Stock was no longer applicable subsequent to the Spin-off.

The following table summarizes the Company’s repurchases of BellRing Common Stock subsequent to the Spin-off.

	Year Ended September 30, 2022
Shares repurchased (in millions)	1.1
Average price per share including broker’s commissions	$	23.18
Total cost including broker’s commissions	$	24.7

The following table summarizes the Company’s repurchases of Old BellRing Class A Common Stock prior to the Spin-off. There were no repurchases of Old BellRing Class A Common Stock by the Company during the years ended September 30, 2021 and 2020.

	Year Ended September 30, 2022
Shares repurchased (in millions)	0.8
Average price per share including broker’s commissions	$	23.36
Total cost including broker’s commissions	$	18.1

In connection with the Spin-off, 0.8 million shares of Old BellRing Class A Common Stock held in treasury stock immediately prior to the Merger effective time were cancelled pursuant to the Transaction Agreement.