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Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 3, 2021
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to______
https://cdn.kscope.io/31ad69f7d0f1421ea450ed5cf008acb2-spb-20210103_g1.jpg
Commission File No.
Name of Registrant, State of Incorporation,
Address of Principal Offices, and Telephone No.
IRS Employer Identification No.
1-4219
Spectrum Brands Holdings, Inc.
74-1339132
(a Delaware corporation)
3001 Deming Way
Middleton, WI 53562
(608) 275-3340
www.spectrumbrands.com
333-192634-03
SB/RH Holdings, LLC
27-2812840
(a Delaware limited liability company)
3001 Deming Way
Middleton, WI 53562
(608) 275-3340
Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Spectrum Brands Holdings, Inc.
Yes
☒
No
☐
SB/RH Holdings, LLC
Yes
☒
No
☐
Indicate by check mark whether the registrants have submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 
Spectrum Brands Holdings, Inc.
Yes
☒
No
☐
SB/RH Holdings, LLC
Yes
☒
No
☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Registrant
Large Accelerated Filer
Accelerated Filer
Non-accelerated Filer
Smaller Reporting Company
Spectrum Brands Holdings, Inc.
X
SB/RH Holdings, LLC
X
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Spectrum Brands Holdings, Inc.
Yes
☐
No
☒
SB/RH Holdings, LLC
Yes
☐
No
☒
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§232.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter
Spectrum Brands Holdings, Inc.
Yes
☐
No
☒
SB/RH Holdings, LLC
Yes
☐
No
☒
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Spectrum Brands Holdings, Inc.
☐
SB/RH Holdings, LLC
☐
Securities registered pursuant to Section 12(b) of the Exchange Act:
RegistrantTitle of Each ClassTrading SymbolName of Exchange On Which Registered
Spectrum Brands Holdings, Inc.Common Stock, $0.01 par valueSPBNew York Stock Exchange
As of February 2, 2021, there were 42,621,893 shares outstanding of Spectrum Brands Holdings, Inc.’s common stock, par value $0.01 per share.
SB/RH Holdings, LLC meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q and is therefore filing this report with a reduced disclosure format as permitted by general instruction H(2).

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Forward-Looking Statements
We have made or implied certain forward-looking statements in this report. All statements, other than statements of historical facts included in this report, including the statements under Management’s Discussion and Analysis of Financial Condition and Results of Operations, regarding our business strategy, future operations, financial condition, estimated revenues, projected costs, projected synergies, prospects, plans and objectives of management, information concerning expected actions of third parties, and statements regarding the expected impact of the COVID-19 pandemic are forward-looking statements. When used in this report, the words anticipate, intend, plan, estimate, believe, expect, project, could, will, should, may and similar expressions are also intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Since these forward-looking statements are based upon our current expectations of future events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcomes may differ materially from those expressed or implied herein, and you should not place undue reliance on these statements. Important factors that could cause our actual results to differ materially from those expressed or implied herein include, without limitation: 
•the impact of the COVID-19 pandemic on our customers, employees, manufacturing facilities, suppliers, capital markets, and our financial condition, and results of operations, all of which tend to aggravate the other risks and uncertainties we face;
•the impact of our indebtedness on our business, financial condition, and results of operations;
•the impact of restrictions in our debt instruments on our ability to operate our business, finance our capital needs or pursue or expand business strategies;
•any failure to comply with financial covenants and other provisions and restrictions of our debt instruments;
•the effects of general economic conditions, including the impact of, and changes to tariffs and trade policies, inflation, recession or fears of a recession, depression or fears of a depression, labor costs, transportation and shipping costs, and stock market volatility or monetary or fiscal policies in the countries where we do business;
•the impact of fluctuations in transportation and shipment costs, commodity prices, costs or availability of raw materials or terms and conditions available from suppliers, including suppliers’ willingness to advance credit;
•interest rate and exchange rate fluctuations;
•the loss of, significant reduction in, or dependence upon, sales to any significant retail customer(s);
•competitive promotional activity or spending by competitors, or price reductions by competitors;
•the introduction of new product features or technological developments by competitors and/or the development of new competitors or competitive brands;
•the impact of actions taken by significant stockholders;
•changes in consumer spending preferences and demand for our products, particularly in light of the COVID-19 pandemic and economic stress;
•our ability to develop and successfully introduce new products, protect our intellectual property and avoid infringing the intellectual property of third parties;
•our ability to successfully identify, implement, achieve and sustain productivity improvements (including our Global Productivity Improvement Program), cost efficiencies (including at our manufacturing and distribution operations), and cost savings;
•the seasonal nature of sales of certain of our products;
•the effects of climate change and unusual weather activity as well as further natural disasters and pandemics;
•the cost and effect of unanticipated legal, tax or regulatory proceedings or new laws or regulations (including environmental, public health and consumer protection regulations);
•our discretion to conduct, suspend or discontinue our share repurchase program (including our discretion to conduct purchases, if any, in a variety of manners including open-market purchases or privately negotiated transactions);
•public perception regarding the safety of products that we manufacture and sell, including the potential for environmental liabilities, product liability claims, litigation and other claims related to products manufactured by us and third parties;
•the impact of existing, pending or threatened litigation, government regulation or other requirements or operating standards applicable to our business;
•the impact of cybersecurity breaches or our actual or perceived failure to protect company and personal data, including our failure to comply with new and increasingly complex global data privacy regulations;
•changes in accounting policies applicable to our business;
•our ability to utilize net operating loss carry-forwards to offset tax liabilities from future taxable income;
•the impact of expenses resulting from the implementation of new business strategies, divestitures or current and proposed restructuring activities;
•our ability to successfully implement further acquisitions or dispositions and impact of any such transactions on our financial performance;
•the unanticipated loss of key members of senior management and the transition of new members of our management teams to their new roles;
•the effects of political or economic conditions, terrorist attacks, acts of war, natural disasters, public health concerns or other unrest in international markets;
•the ability to achieve our goals regarding environmental, social, and governance practices; and
•our increased reliance on third-party partners, suppliers, and distributors to achieve our business objectives.
Some of the above-mentioned factors are described in further detail in the sections entitled Risk Factors in our annual and quarterly reports (including this report), as applicable. You should assume the information appearing in this report is accurate only as of the end of the period covered by this report, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since that date. Except as required by applicable law, including the securities laws of the United States (“U.S.”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”), we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.

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SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
TABLE OF CONTENTS
This report is a combined report of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC. The combined notes to the condensed consolidated financial statements include notes representing Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC and certain notes related specifically to SB/RH Holdings, LLC.
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PART I. FINANCIAL INFORMATION
Item 1.     Financial Statements

SPECTRUM BRANDS HOLDINGS, INC.
Condensed Consolidated Statements of Financial Position
As of January 3, 2021, and September 30, 2020
(unaudited)
(in millions)
January 3, 2021September 30, 2020
Assets
Cash and cash equivalents$224.5 $531.6 
Trade receivables, net576.7 501.1 
Other receivables85.4 74.2 
Inventories696.9 557.7 
Prepaid expenses and other current assets73.8 63.5 
Total current assets1,657.3 1,728.1 
Property, plant and equipment, net395.8 396.5 
Operating lease assets108.6 103.8 
Investments12.5 66.9 
Deferred charges and other47.0 48.3 
Goodwill1,432.9 1,332.0 
Intangible assets, net1,516.7 1,431.7 
Total assets$5,170.8 $5,107.3 
Liabilities and Shareholders' Equity
Current portion of long-term debt$15.3 $15.3 
Accounts payable558.0 557.5 
Accrued wages and salaries59.4 95.0 
Accrued interest45.7 38.5 
Other current liabilities256.2 238.6 
Total current liabilities934.6 944.9 
Long-term debt, net of current portion2,481.9 2,461.0 
Long-term operating lease liabilities90.8 88.8 
Deferred income taxes84.5 65.4 
Other long-term liabilities134.8 131.4 
Total liabilities3,726.6 3,691.5 
Commitments and contingencies (Note 19)


Shareholders' equity
Common stock0.5 0.5 
Additional paid-in capital2,043.2 2,054.3 
Accumulated earnings297.6 243.9 
Accumulated other comprehensive loss, net of tax(268.5)(284.7)
Treasury stock(637.1)(606.5)
Total shareholders' equity1,435.7 1,407.5 
Non-controlling interest8.5 8.3 
Total equity1,444.2 1,415.8 
Total liabilities and equity$5,170.8 $5,107.3 
See accompanying notes to the condensed consolidated financial statements
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SPECTRUM BRANDS HOLDINGS, INC.
Condensed Consolidated Statements of Income
For the three month periods ended January 3, 2021 and December 29, 2019
(unaudited)
Three Month Periods Ended
(in millions, except per share)
January 3, 2021December 29, 2019
Net Sales$1,145.0 $871.5 
Cost of goods sold722.5 592.5 
Restructuring and related charges0.2 9.9 
Gross profit422.3 269.1 
Selling166.8 146.1 
General and administrative91.9 80.4 
Research and development10.5 9.9 
Restructuring and related charges9.0 17.5 
Transaction related charges20.6 4.1 
Loss on assets held for sale— 32.8 
Write-off from impairment of intangible assets— 24.2 
Total operating expenses298.8 315.0 
Operating income (loss)123.5 (45.9)
Interest expense36.7 34.8 
Other non-operating income, net(6.2)(43.7)
Income (loss) from continuing operations before income taxes93.0 (37.0)
Income tax expense19.8 0.7 
Net income (loss) from continuing operations73.2 (37.7)
(Loss) income from discontinued operations, net of tax(0.3)2.8 
Net income (loss)72.9 (34.9)
Net income attributable to non-controlling interest0.8 0.9 
Net income (loss) attributable to controlling interest$72.1 $(35.8)
Amounts attributable to controlling interest
Net income (loss) from continuing operations attributable to controlling interest$72.4 $(38.6)
Net (loss) income from discontinued operations attributable to controlling interest(0.3)2.8 
Net income (loss) attributable to controlling interest$72.1 $(35.8)
Earnings Per Share
Basic earnings per share from continuing operations$1.69 $(0.81)
Basic earnings per share from discontinued operations(0.01)0.06 
Basic earnings per share$1.68 $(0.75)
Diluted earnings per share from continuing operations$1.68 $(0.81)
Diluted earnings per share from discontinued operations— 0.06 
Diluted earnings per share$1.68 $(0.75)
Dividend per share$0.42 $0.42 
Weighted Average Shares Outstanding
Basic42.9 47.7 
Diluted43.0 47.7 
See accompanying notes to the condensed consolidated financial statements
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SPECTRUM BRANDS HOLDINGS, INC
Condensed Consolidated Statements of Comprehensive Income
For the three month periods ended January 3, 2021 and December 29, 2019
(unaudited)
Three Month Periods Ended
(in millions)
January 3, 2021December 29, 2019
Net income (loss)$72.9 $(34.9)
Other comprehensive income (loss)
Foreign currency translation gain19.4 26.6 
Deferred tax effect5.3 (0.1)
Net unrealized gain on foreign currency translation24.7 26.5 
Unrealized loss on derivative instruments
Unrealized loss on hedging activity before reclassification(12.4)(6.2)
Net reclassification for loss (gain) to income from continuing operations2.7 (2.6)
Unrealized loss on hedging instruments after reclassification(9.7)(8.8)
Deferred tax effect2.5 2.6 
Net unrealized loss on hedging derivative instruments(7.2)(6.2)
Defined benefit pension (loss) gain
Defined benefit pension (loss) gain before reclassification(2.2)2.9 
Net reclassification for loss to income from continuing operations1.1 1.0 
Defined benefit pension (loss) gain after reclassification(1.1)3.9 
Deferred tax effect0.2 0.1 
Net defined benefit pension (loss) gain(0.9)4.0 
Net change to derive comprehensive income for the periods16.6 24.3 
Comprehensive income (loss)89.5 (10.6)
Comprehensive income attributable to non-controlling interest0.4 0.1 
Comprehensive income (loss) attributable to controlling interest$89.1 $(10.7)
See accompanying notes to the condensed consolidated financial statements
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SPECTRUM BRANDS HOLDINGS, INC
Condensed Consolidated Statements of Shareholder’s Equity
For the three month period ended January 3, 2021
(unaudited)
Three Month Period Ended January 3, 2021Common StockAdditional
Paid-in
Capital		Accumulated
Earnings		Accumulated
Other
Comprehensive
Loss		Treasury
Stock		Total
Shareholders'
Equity		Non-
controlling
Interest		Total
Equity
(in millions)SharesAmount
Balances at September 30, 202043.1 $0.5 $2,054.3 $243.9 $(284.7)$(606.5)$1,407.5 $8.3 $1,415.8 
Net income from continuing operations— — — 72.4 — — 72.4 0.8 73.2 
Loss from discontinued operations, net of tax— — — (0.3)— — (0.3)— (0.3)
Other comprehensive income, net of tax— — — — 16.2 — 16.2 0.4 16.6 
Treasury stock repurchases(0.6)— — — — (42.3)(42.3)— (42.3)
Restricted stock issued and related tax withholdings0.2 — (18.6)— — 11.7 (6.9)— (6.9)
Share based compensation— — 7.5 — — — 7.5 — 7.5 
Dividends declared— — — (18.4)— — (18.4)— (18.4)
Dividend paid by subsidiary to NCI— — — — — — — (1.0)(1.0)
Balances at January 3, 202142.7 $0.5 $2,043.2 $297.6 $(268.5)$(637.1)$1,435.7 $8.5 $1,444.2 
See accompanying notes to the condensed consolidated financial statements
SPECTRUM BRANDS HOLDINGS, INC
Condensed Consolidated Statements of Shareholder’s Equity
For the three month period ended December 29, 2019
(unaudited)
Three Month Period Ended December 29, 2019Common StockAdditional
Paid-in
Capital		Accumulated
Earnings		Accumulated
Other
Comprehensive
Loss		Treasury
Stock		Total
Shareholders'
Equity		Non-
controlling
Interest		Total
Equity
(in millions) SharesAmount
Balances at September 30, 201948.8 $0.5 $2,031.1 $223.8 $(273.6)$(260.9)$1,720.9 $8.0 $1,728.9 
Net (loss) income from continuing operations— — — (38.6)— — (38.6)0.9 (37.7)
Income from discontinued operations, net of tax— — — 2.8 — — 2.8 — 2.8 
Other comprehensive income, net of tax— — — — 24.2 — 24.2 0.1 24.3 
Treasury stock repurchases(1.5)— — — — (90.6)(90.6)— (90.6)
Accelerated share repurchase pending final settlement(1.7)— (18.7)— — (106.3)(125.0)— (125.0)
Restricted stock issued and related tax withholdings0.5 — (13.3)— — 18.2 4.9 — 4.9 
Share based compensation— — 8.5 — — — 8.5 — 8.5 
Dividends declared— — — (20.2)— — (20.2)— (20.2)
Cumulative adjustment for adoption of new accounting standards— — — (0.3)0.3 — — — — 
Balances at December 29, 201946.1 $0.5 $2,007.6 $167.5 $(249.1)$(439.6)$1,486.9 $9.0 $1,495.9 
See accompanying notes to the condensed consolidated financial statements
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SPECTRUM BRANDS HOLDINGS, INC.
Condensed Consolidated Statements of Cash Flows
For the three month periods ended January 3, 2021 and December 29, 2019
(unaudited)
Three Month Periods Ended
(in millions)January 3, 2021December 29, 2019
Cash flows from operating activities
Net income (loss)$72.9 $(34.9)
(Loss) income from discontinued operations, net of tax(0.3)2.8 
Net income (loss) from continuing operations73.2 (37.7)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization35.7 41.7 
Share based compensation7.5 12.9 
Unrealized gain on equity investments held(0.8)(38.5)
Realized gain on equity investments sold(5.2)— 
Loss on assets held for sale— 32.8 
Write-off from impairment of intangible assets— 24.2 
Amortization of debt issuance costs and debt discount1.4 1.6 
Write-off of unamortized discount and debt issuance costs— 1.1 
Inventory acquisition step-up0.8 — 
Deferred tax expense7.7 1.4 
Net changes in operating assets and liabilities(214.4)(236.2)
Net cash used by operating activities from continuing operations(94.1)(196.7)
Net cash used by operating activities from discontinued operations(16.0)— 
Net cash used by operating activities(110.1)(196.7)
Cash flows from investing activities
Purchases of property, plant and equipment(11.8)(18.7)
Proceeds from disposal of property, plant and equipment0.1 — 
Business acquisitions, net of cash acquired(129.8)— 
Proceeds from sale of equity investment60.5 — 
Net cash used by investing activities(81.0)(18.7)
Cash flows from financing activities
Payment of debt, including premium on extinguishment(54.0)(127.5)
Proceeds from issuance of debt0.1 103.0 
Payment of debt issuance costs— (0.8)
Treasury stock purchases(42.3)(90.6)
Accelerated share repurchase— (125.0)
Dividends paid to shareholders(17.8)(19.9)
Dividends paid by subsidiary to non-controlling interest(1.0)— 
Share based award tax withholding payments, net of proceeds upon vesting(7.1)(12.2)
Other financing activities, net0.3 — 
Net cash used by financing activities(121.8)(273.0)
Effect of exchange rate changes on cash and cash equivalents5.8 3.5 
Net change in cash, cash equivalents and restricted cash in continuing operations(307.1)(484.9)
Cash, cash equivalents, and restricted cash, beginning of period533.7 627.1 
Cash, cash equivalents, and restricted cash, end of period$226.6 $142.2 
Supplemental disclosure of cash flow information
Cash paid for interest$28.3 $23.5 
Cash paid for taxes$8.2 $14.5 
Non cash investing activities
Acquisition of property, plant and equipment through finance leases$0.1 $0.7 
Non cash financing activities
Issuance of shares through stock compensation plan$16.6 $38.3 
See accompanying notes to the condensed consolidated financial statements
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SB/RH HOLDINGS, LLC
Condensed Consolidated Statements of Financial Position
As of January 3, 2021 and September 30, 2020
(unaudited)
(in millions)January 3, 2021September 30, 2020
Assets
Cash and cash equivalents$222.8 $527.6 
Trade receivables, net576.7 501.1 
Other receivables165.7 155.2 
Inventories696.9 557.7 
Prepaid expenses and other current assets73.8 63.5 
Total current assets1,735.9 1,805.1 
Property, plant and equipment, net395.8 396.5 
Operating lease assets108.6 103.8 
Investments12.5 66.9 
Deferred charges and other47.0 48.3 
Goodwill1,432.9 1,332.0 
Intangible assets, net1,516.7 1,431.7 
Total assets$5,249.4 $5,184.3 
Liabilities and Shareholder's Equity
Current portion of long-term debt$15.3 $15.3 
Accounts payable558.2 557.5 
Accrued wages and salaries59.3 95.0 
Accrued interest45.7 38.5 
Other current liabilities261.2 236.0 
Total current liabilities939.7 942.3 
Long-term debt, net of current portion2,481.9 2,461.0 
Long-term operating lease liabilities90.8 88.8 
Deferred income taxes300.7 288.7 
Other long-term liabilities141.9 138.3 
Total liabilities3,955.0 3,919.1 
Commitments and contingencies (Note 19)
Shareholder's equity
Other capital2,154.5 2,154.1 
Accumulated deficit(601.8)(614.2)
Accumulated other comprehensive loss, net of tax(268.4)(284.6)
Total shareholder's equity1,284.3 1,255.3 
Non-controlling interest10.1 9.9 
Total equity1,294.4 1,265.2 
Total liabilities and equity$5,249.4 $5,184.3 
See accompanying notes to the condensed consolidated financial statements
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SB/RH HOLDINGS, LLC
Condensed Consolidated Statements of Income
For the three month periods ended January 3, 2021 and December 29, 2019
(unaudited)
Three Month Periods Ended
(in millions)January 3, 2021December 29, 2019
Net Sales$1,145.0 $871.5 
Cost of goods sold722.5 592.5 
Restructuring and related charges0.2 9.9 
Gross profit422.3 269.1 
Selling166.8 146.1 
General and administrative91.3 79.5 
Research and development10.5 9.9 
Restructuring and related charges9.0 17.5 
Transaction related charges20.6 4.1 
Loss on assets held for sale— 32.8 
Write-off from impairment of intangible assets— 24.2 
Total operating expenses298.2 314.1 
Operating income (loss)124.1 (45.0)
Interest expense36.8 34.6 
Other non-operating income, net(6.2)(43.7)
Income (loss) from continuing operations before income taxes93.5 (35.9)
Income tax expense19.9 0.9 
Net income (loss) from continuing operations73.6 (36.8)
(Loss) income from discontinued operations, net of tax(0.3)2.8 
Net income (loss)73.3 (34.0)
Net income attributable to non-controlling interest0.8 0.9 
Net income (loss) attributable to controlling interest$72.5 $(34.9)
Amounts attributable to controlling interest
Net income (loss) from continuing operations attributable to controlling interest$72.8 $(37.7)
Net (loss) income from discontinued operations attributable to controlling interest(0.3)2.8 
Net income (loss) attributable to controlling interest$72.5 $(34.9)
See accompanying notes to the condensed consolidated financial statements
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SB/RH HOLDINGS, LLC
Condensed Consolidated Statements of Comprehensive Income
For the three month periods ended January 3, 2021 and December 29, 2019
(unaudited)
Three Month Periods Ended
(in millions)
January 3, 2021December 29, 2019
Net income (loss)$73.3 $(34.0)
Other comprehensive income (loss)
Foreign currency translation gain19.4 26.6 
Deferred tax effect5.3 (0.1)
Net unrealized gain on foreign currency translation24.7 26.5 
Unrealized loss on derivative instruments
Unrealized loss on hedging activity before reclassification(12.4)(6.2)
Net reclassification for loss (gain) to income from continuing operations2.7 (2.6)
Unrealized loss on hedging instruments after reclassification(9.7)(8.8)
Deferred tax effect2.5 2.6 
Net unrealized loss on hedging derivative instruments(7.2)(6.2)
Defined benefit pension (loss) gain
Defined benefit pension (loss) gain before reclassification(2.2)2.9 
Net reclassification for loss to income from continuing operations1.1 1.0 
Defined benefit pension (loss) gain after reclassification(1.1)3.9 
Deferred tax effect0.2 0.1 
Net defined benefit pension (loss) gain(0.9)4.0 
Net change to derive comprehensive income (loss) for the period16.6 24.3 
Comprehensive income (loss)89.9 (9.7)
Comprehensive income attributable to non-controlling interest0.4 0.1 
Comprehensive income (loss) attributable to controlling interest$89.5 $(9.8)
See accompanying notes to the condensed consolidated financial statements
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SB/RH HOLDINGS, LLC
Condensed Consolidated Statements of Shareholder’s Equity
For the three month period ended January 3, 2021
(unaudited)