0000109177-24-000047 | 10-K | XBRL Viewer | Spectrum Brands Holdings INC

RECEIVABLES

12 Months Ended

Sep. 30, 2024

The allowance for doubtful accounts as of September 30, 2024 and 2023 was $8.1 million and $7.7 million, respectively. The following is a rollforward of the allowance for doubtful accounts for the years ended September 30, 2024, 2023 and 2022:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2024	$	7.7	$	2.6	$	(2.2)	$	—	$	8.1
September 30, 2023	7.3		5.0		(1.4)		(3.2)		7.7
September 30, 2022	6.7		4.2		(4.9)		1.3		7.3

Other adjustments include foreign currency translation and the allowance for doubtful accounts assumed as part of the acquisition of the Tristar Business during the year ended September 30, 2022.

The Company has a broad range of customers including many large retail customers, some of which exceed 10% of consolidated Net Trade Receivables. As of September 30, 2024 and 2023 there were two customers that exceeded 10% of consolidated Trade Receivables, Net, representing 42.6% and 39.8%, respectively.

We had entered into various factoring agreements and early pay programs with our customers to sell trade receivables under non-recourse agreements in exchange for cash proceeds and as part of our financing for working capital. These transactions were treated as a sale and accounted for as a reduction in trade receivables because the agreements transferred control and risk related to the receivables to the buyers. A loss was recognized for any discount and fees associated with the transfer and recognized as Selling, General and Administrative Expense on the Consolidated Statements of Income, with cash proceeds recognized as cash flow from operating activities. In some instances, we continued to service the transferred receivable after the factoring has occurred, but in most cases, we do not service any factored accounts. Any servicing of the trade receivable did not constitute significant continuing involvement or preclude the recognition of a sale and we do not carry any material servicing assets or liabilities on the Consolidated Statements of Financial Position. The cost of factoring such trade receivables was $1.9 million, $15.1 million, and $10.2 million for the years ended September 30, 2024, 2023, and 2022, respectively. During the year ended September 30, 2024, the Company had suspended its receivable factoring activity and participation in early pay programs.

DEBT - Credit Agreement and Revolver Facility (Details) - Revolving Credit Facility	Oct. 19, 2023 USD ($)	Sep. 30, 2024 USD ($)	Jun. 30, 2020
Debt Instrument [Line Items]
Aggregate borrowing availability		$ 490,800,000
Outstanding letters of credit		9,200,000
Unamortized debt issuance costs		$ 4,300,000
Line of Credit
Debt Instrument [Line Items]
Revolving credit facility	$ 500,000,000
Line of credit facility, unused capacity, commitment fee percentage	0.20%
Line of credit facility, unused capacity, commitment fee percentage, maximum	0.40%
Maximum total leverage ratio			0.060
Line of Credit \| Minimum \| SOFR
Debt Instrument [Line Items]
Percentage over base variable rate	1.00%
Line of Credit \| Minimum \| Alternate Base Rate
Debt Instrument [Line Items]
Percentage over base variable rate	0.00%
Line of Credit \| Minimum \| EURIBOR Rate
Debt Instrument [Line Items]
Percentage over base variable rate	1.00%
Line of Credit \| Minimum \| CORRA Rate
Debt Instrument [Line Items]
Percentage over base variable rate	1.00%
Line of Credit \| Minimum \| Canadian Prime Rate
Debt Instrument [Line Items]
Percentage over base variable rate	0.00%
Line of Credit \| Minimum \| SONIA Rate
Debt Instrument [Line Items]
Percentage over base variable rate	1.00%
Line of Credit \| Maximum \| SOFR
Debt Instrument [Line Items]
Percentage over base variable rate	2.00%
Line of Credit \| Maximum \| Alternate Base Rate
Debt Instrument [Line Items]
Percentage over base variable rate	1.00%
Line of Credit \| Maximum \| EURIBOR Rate
Debt Instrument [Line Items]
Percentage over base variable rate	2.00%
Line of Credit \| Maximum \| CORRA Rate
Debt Instrument [Line Items]
Percentage over base variable rate	2.00%
Line of Credit \| Maximum \| Canadian Prime Rate
Debt Instrument [Line Items]
Percentage over base variable rate	1.00%
Line of Credit \| Maximum \| SONIA Rate
Debt Instrument [Line Items]
Percentage over base variable rate	2.00%
Line of Credit \| U.S. Plans
Debt Instrument [Line Items]
Revolving credit facility	$ 400,000,000
Line of Credit \| Non-US
Debt Instrument [Line Items]
Revolving credit facility	$ 100,000,000

INCOME TAXES

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

Income tax expense (benefit) was calculated based upon the following components of income (loss) from continuing operations before income taxes for the years ended September 30, 2024, 2023 and 2022:



(in millions)	2024		2023		2022
United States	$	8.0	$	(399.8)	$	(263.0)
Outside the United States	155.6		109.6		172.7
Income (loss) from continuing operations before income taxes	$	163.6	$	(290.2)	$	(90.3)

The components of income tax expense (benefit) for the years ended September 30, 2024, 2023 and 2022 are as follows:



(in millions)	2024		2023		2022
Current tax expense:
U.S. Federal	$	27.4	$	81.8	$	7.7
Foreign	31.9		44.9		24.7
State and local	1.3		(0.4)		(1.1)
Total current tax expense	60.6		126.3		31.3
Deferred tax expense (benefit):
U.S. Federal	6.2		(197.7)		(26.5)
Foreign	1.2		5.0		(1.2)
State and local	(3.7)		9.9		(16.9)
Total deferred tax expense (benefit)	3.7		(182.8)		(44.6)
Income tax expense (benefit)	$	64.3	$	(56.5)	$	(13.3)

The following reconciles the total income tax expense (benefit), based on the U.S. Federal statutory income tax rate of 21% with the Company’s recognized income tax expense (benefit):



(in millions)	2024		2023		2022
U.S. Statutory federal income tax expense (benefit)	$	34.4	$	(60.9)	$	(19.0)
Permanent items	8.1		5.0		(1.7)
Goodwill impairment	—		2.8		—
Foreign statutory rate vs. U.S. statutory rate	(3.7)		(1.6)		(4.7)
State income taxes, net of federal effect	(3.2)		(14.5)		(8.3)
State effective rate change	1.0		(4.0)		1.2

GILTI	5.0		2.1		16.5
GILTI impact of retroactive law changes	—		—		(3.2)

Residual tax on foreign earnings	1.9		1.5		4.8
Change in valuation allowance	1.9		0.2		3.6
Unrecognized tax expense	7.3		3.8		2.2
Share based compensation adjustments	0.3		0.3		(5.6)
Research and development tax credits	(2.3)		(1.8)		(1.9)

Partnership outside basis adjustment	7.7		7.0		1.2
Return to provision adjustments and other, net	5.9		3.6		1.6
Income tax expense (benefit)	$	64.3	$	(56.5)	$	(13.3)

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2024 and 2023 are as follows:



(in millions)	2024		2023
Deferred tax assets
Employee benefits	$	27.4	$	22.9

Inventories and receivables	28.0		31.9
Marketing and promotional accruals	5.1		5.3
Property, plant and equipment	2.3		2.8
Unrealized losses	22.2		30.5
Intangibles	9.6		9.3

Operating lease liabilities	27.7		27.6
Net operating loss and other carry forwards	322.2		331.6
Other	21.1		17.0
Total deferred tax assets	465.6		478.9
Deferred tax liabilities
Property, plant and equipment	4.4		7.9
Unrealized gains	6.8		11.1
Intangibles	171.8		167.2
Operating lease assets	23.4		24.6
Investment in partnership	78.3		80.3
Taxes on unremitted foreign earnings	1.7		1.2
Other	13.7		13.0
Total deferred tax liabilities	300.1		305.3
Net deferred tax liabilities	165.5		173.6
Valuation allowance	(321.4)		(333.4)
Net deferred tax liabilities, net valuation allowance	$	(155.9)	$	(159.8)
Reported as:
Deferred charges and other	$	14.9	$	15.0
Deferred income taxes (noncurrent liability)	170.8		174.8

During Fiscal 2022, the Company became aware of ongoing legal challenges to the validity of the IRC Section 245A temporary regulations (“June 2019 Regulations”) adopted by the Treasury Department in June of 2019. During the year ended September 30, 2022, the Company filed a protective amended U.S. income tax return consistent with the June 2019 Regulations being invalid. The Company has determined that this position is not more likely than not to be upheld and therefore did not record a tax benefit for this amended return for the year ended September 30, 2022. Should the June 2019 Regulations ultimately be found invalid, the Company estimates that, as of September 30, 2024, it would recognize a tax benefit of approximately $59.0 million.

On November 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations (“November 2020 Regulations”) under Internal Revenue Code Sections 245A and 951A related to the treatment of previously disqualified basis under the GILTI regime. The November 2020 Regulations are effective for Fiscal 2022, but the Company can elect to apply them to Fiscal 2018 through Fiscal 2021. The Company has satisfied the requirements necessary to apply the Regulations retroactively. The Company completed and filed the amended return implementing these November 2020 Regulations during Fiscal 2022 and recorded an additional $3.2 million tax benefit in the year ended September 30, 2022 for years prior to Fiscal 2020.

The Tax Reform Act of December 22, 2017, included a tax on deemed repatriated accumulated earnings of foreign subsidiaries. The Company’s mandatory repatriation tax is payable over 8 years. The first payment was due January 2019. As of September 30, 2024, $11.1 million of the mandatory repatriation liability is still outstanding and $5.2 million is due and payable in the next 12 months.

To the extent necessary, the Company intends to utilize free cash flow from foreign subsidiaries in order to support management's plans to voluntarily accelerate pay down of U.S. debt, fund distributions to shareholders, fund U.S. acquisitions and satisfy ongoing U.S. operational cash flow requirements. The Company annually estimates the available earnings, permanent reinvestment classification and the availability of and management’s intent to use alternative mechanisms for repatriation for each jurisdiction in which the Company does business. Accordingly, the Company is providing residual U.S. and foreign deferred taxes on these earnings to the extent they cannot be repatriated in a tax-free manner.

As of September 30, 2024 and 2023, the Company provided $1.7 million and $1.2 million, respectively, of residual foreign taxes on undistributed foreign earnings.

As a result of the June 2019 Regulations and the deemed mandatory repatriation, the Company does not have significant prior year untaxed, undistributed earnings from its foreign operations at September 30, 2024. There were $500.6 million of the Company’s undistributed earnings taxed in the U.S. as a result of the mandatory deemed repatriation that was part of the Tax Reform Act, and the remaining earnings were taxed as a result of the June 2019 Regulations. The Company recorded GILTI inclusions for the tax year ended September 30, 2024 of $23.9 million. The Company estimates it generated untaxed, undistributed foreign earnings due to high-tax exceptions to GILTI inclusions under the Tax Reform Act for the year ended September 30, 2024 of $53.5 million and has cumulative untaxed, undistributed foreign earnings due to high-tax exceptions as of September 30, 2024 of $183.1 million.

As of September 30, 2024, the Company has U.S. federal net operating carryforwards (“NOLs”) of $569.2 million with a federal tax benefit of $119.5 million and tax benefits related to state NOLs of $42.8 million. Certain of the U.S. federal and state NOLs have indefinite carryforward periods while certain state NOLs expire through years ending in 2044. As of September 30, 2024, the Company has foreign NOLs of $458.7 million and tax benefits of $114.6 million, which will expire beginning in the Company's fiscal year ending September 30, 2025. Certain of the foreign NOLs have indefinite carryforward periods.

A valuation allowance is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets depends on the ability of the Company to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions.

The Company has had multiple changes of ownership, as defined under Section 382 of the Internal Revenue Code of 1986, as amended, that subject the Company’s U.S. federal and state NOLs and other tax attributes to certain limitations. The annual limitation is based on a number of factors including the value of the Company’s stock (as defined for tax purposes) on the date of the ownership change, its net unrealized gain position on that date, the occurrence of realized gains in years subsequent to the ownership change and the effects of subsequent ownership changes (as defined for tax purposes), if any. Due to these limitations, the Company estimates, as of September 30, 2024, that $561.2 million of the total U.S. federal NOLs with a federal tax benefit of $117.8 million and $13.8 million of the tax benefit related to state NOLs will expire unused even if the Company generates sufficient income to otherwise use all of its NOLs. The Company also projects, as of September 30, 2024, that $112.4 million of tax benefits related to foreign NOLs will not be used. The Company has provided a full valuation allowance against these deferred tax assets.

As of September 30, 2024, the valuation allowance is $321.4 million, of which $203.6 million is related to U.S. net deferred tax assets and $117.8 million is related to foreign net deferred tax assets. As of September 30, 2023, the valuation allowance was $333.4 million, of which $244.7 million was related to U.S. net deferred tax assets and $88.7 million is related to foreign net deferred tax assets. As of September 30, 2022, the valuation allowance was $337.4 million, of which $257.5 million is related to U.S. net deferred tax assets and $79.9 million is related to foreign net deferred tax assets. During the year ended September 30, 2024, the Company decreased its valuation allowance for deferred tax assets by $12.0 million of which $41.1 million is related to a decrease in valuation allowance against U.S. net deferred tax assets and $29.1 million related to an increase in the valuation allowance against foreign net deferred tax assets. During the year ended September 30, 2023, the Company decreased its valuation allowance for deferred tax assets by $4.0 million, of which $12.8 million was related to a decrease in valuation allowance against U.S. net deferred tax assets and $8.8 million related to an increase in the valuation allowance against foreign net deferred tax assets.

As of September 30, 2024, the Company has recorded $42.3 million of valuation allowance against its U.S. state net operating losses.

The total amount of unrecognized tax benefits at September 30, 2024 and 2023 are $190.2 million and $121.1 million, respectively. If recognized in the future, $102.1 million of the unrecognized tax benefits as of September 30, 2024 will impact the effective tax rate. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2024, and 2023 the Company had $9.8 million and $1.7 million of accrued interest and penalties related to uncertain tax positions. The impact on income tax expense related to interest and penalties for the year ended September 30, 2024 and 2023 was a net increase of $8.1 million, $0.3 million, respectively, and a net decrease of $0.1 million for the year ended September 30, 2022. The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
Unrecognized tax benefits, beginning of year	$	121.1	$	100.9	$	18.0
Gross increase – tax positions in prior period	77.5		21.5		84.4
Gross decrease – tax positions in prior period	(9.2)		(34.4)		(2.9)
Gross increase – tax positions in current period	1.7		33.4		1.7
Settlements	(0.6)		—		—
Lapse of statutes of limitations	(0.3)		(0.3)		(0.3)
Unrecognized tax benefits, end of year	$	190.2	$	121.1	$	100.9

The $84.4 million increase for unrecognized tax positions relating to prior periods during the year ended September 30, 2022 includes $67.3 million related to the protective amended U.S. tax return filed consistent with the June 2019 Regulations being invalid. For the year ended September 30, 2023, the Company recorded a decrease to the June 2019 Regulations position of $33.0 million, which is included in the $34.4 million decrease for unrecognized tax positions relating to prior periods during the year ended September 30, 2023, and represents the impact of Fiscal 2023 activity on the position. For the year ended September 30, 2024, the Company recorded a decrease to the June 2019 Regulations position of $2.3 million for the impact of Fiscal 2024 on the position. In addition, during the year ended September 30, 2024, the Company recorded an increase to the June 2019 regulations position of $17.9 million for the adjustments related to the Fiscal 2023 U.S. federal tax return filed during Fiscal 2024. The Company also recorded $27.3 million during the year ended September 30, 2023 for uncertain tax positions related to the state tax on the sale of HHI, which was increased by an additional $50.1 million during the year ended September 30, 2024 for the Fiscal 2023 state tax returns filed during Fiscal 2024.

The Company files income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions and is subject to ongoing examination by the various taxing authorities. The Company’s major taxing jurisdictions are the U.S., United Kingdom and Germany. In the U.S., federal tax filings for years prior to and including the Company’s fiscal year ended September 30, 2017 are closed. However, the federal NOLs from the Company’s fiscal years ended September 30, 2012 through December 31, 2015 are subject to Internal Revenue Service examination until the year that such net operating loss carryforwards are utilized, and those years are closed for audit. In addition, certain losses from 2002 to 2010 of entities acquired by the Company were able to be used in Fiscal 2019 and are subject to Internal Revenue Service examination until Fiscal 2019 is closed to audit. The Fiscal 2019 tax year is currently under examination and remains open. Filings in various U.S. state and local jurisdictions are also subject to audit and to date no significant audit matters have arisen. As of September 30, 2024, certain of the Company’s legal entities are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next twelve months some portion of previously unrecognized tax benefits could be recognized.

- Definition

The entire disclosure for income tax.

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+ Details

INCOME TAXES - Schedule of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
United States	$ 8.0	$ (399.8)	$ (263.0)
Outside the United States	155.6	109.6	172.7
Income (loss) from continuing operations before income taxes	$ 163.6	$ (290.2)	$ (90.3)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Commitment and Contingencies (Tables)

12 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Environmental Loss Contingencies by Site

The following is a summary of the environment remediation liability as of September 30, 2024 and 2023:


(in millions)	2024		2023
Environmental remediation liability	$	4.5	$	5.4
Reported as:
Other current liabilities	0.8		1.5
Other long-term liabilities	3.7		3.9

Schedule of Expected Payments for Environmental Remediation

Based on current estimates, the expected payments for environmental remediation for the next five years and thereafter at September 30, 2024, are as follows:


(in millions)	Amount
2025	$	0.8
2026	2.4
2027	0.3
2028	0.2
2029	0.2
Thereafter	1.6
Total payments	5.5
Amount representing interest	(1.0)
Total environmental obligation	$	4.5

DERIVATIVES - Narrative (Details) € in Millions	12 Months Ended
DERIVATIVES - Narrative (Details) € in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Sep. 30, 2023 USD ($)
4.00% Notes, due October 1, 2026
Derivative [Line Items]
Long-term secured debt			$ 448,800,000
Not Designated as Hedging Instrument \| Foreign Exchange Contract
Derivative [Line Items]
Derivative, notional amount	$ 466,900,000		671,500,000
Cash Flow Hedging \| Foreign Exchange Contract
Derivative [Line Items]
Derivative net loss estimated to be reclassified from AOCI into earnings over the next 12 months	7,600,000
Derivative, notional amount	351,700,000		320,200,000
Fair Value Hedging
Derivative [Line Items]
Posted cash collateral	0		0
Posted standby letters of credit	0		$ 0
Net Investment Hedge \| 4.00% Notes, due October 1, 2026
Derivative [Line Items]
Unrealized gain on derivatives	$ 11,900,000
Net Investment Hedge \| 4.00% Notes, due October 1, 2026 \| Spectrum Brands, Inc.
Derivative [Line Items]
Long-term secured debt \| €		€ 425.0

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Restricted cash	$ 1.6	$ 0.0
Shipping and handling costs	266.9	272.6	$ 274.2
Advertising costs	91.7	59.1	64.1
Research and development costs	$ 28.1	22.5	26.7
Percentage greater than the largest amount of recognized income tax positions which likely of being realized	50.00%
Exchange losses on foreign currency transactions	$ 7.5	$ 5.1	$ 14.5
Minimum
Revenues from External Customers and Long-Lived Assets [Line Items]
Extended warranty, term	1 year
Maximum
Revenues from External Customers and Long-Lived Assets [Line Items]
Extended warranty, term	7 years

PROPERTY, PLANT AND EQUIPMENT - Schedule of Deferred Implementation Costs (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Deferred cloud computing costs, net	$ 8.3	$ 7.0
Prepaid expenses and other current assets
Property, Plant and Equipment [Line Items]
Deferred cloud computing costs, net	4.3	7.0
Deferred charges and other
Property, Plant and Equipment [Line Items]
Deferred cloud computing costs, net	$ 4.0	$ 0.0

INCOME TAXES - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. Statutory federal income tax expense (benefit)	$ 34.4	$ (60.9)	$ (19.0)
Permanent items	8.1	5.0	(1.7)
Goodwill impairment	0.0	2.8	0.0
Foreign statutory rate vs. U.S. statutory rate	(3.7)	(1.6)	(4.7)
State income taxes, net of federal effect	(3.2)	(14.5)	(8.3)
State effective rate change	1.0	(4.0)	1.2
GILTI	5.0	2.1	16.5
GILTI impact of retroactive law changes and other	0.0	0.0	(3.2)
Residual tax on foreign earnings	1.9	1.5	4.8
Change in valuation allowance	1.9	0.2	3.6
Unrecognized tax expense	7.3	3.8	2.2
Share based compensation adjustments	0.3	0.3	(5.6)
Research and development tax credits	(2.3)	(1.8)	(1.9)
Partnership outside basis adjustment	7.7	7.0	1.2
Return to provision adjustments and other, net	5.9	3.6	1.6
Income tax expense (benefit)	$ 64.3	$ (56.5)	$ (13.3)

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Net income	$ 124.8	$ 1,801.9	$ 72.7
Foreign currency translation adjustment
Foreign currency translation gain (loss)	62.8	69.0	(147.8)
Unrealized (loss) gain on net investment hedge	(13.2)	(31.7)	75.8
Net reclassification for loss to income from continuing operations	2.4	0.0	0.0
Foreign currency translation adjustment before tax	52.0	37.3	(72.0)
Deferred tax effect	0.1	7.0	(20.0)
Net unrealized gain (loss) on foreign currency translation	52.1	44.3	(92.0)
Unrealized (loss) gain on derivative instruments
Unrealized (loss) gain on derivative instruments before reclassification	(20.0)	(35.3)	30.7
Unrealized (loss) gain on derivative instruments after reclassification	(4.8)	(20.8)	8.1
Deferred tax effect	1.2	5.4	2.3
Net unrealized (loss) gain on derivative instruments	(3.6)	(15.4)	10.4
Defined benefit pension (loss) gain
Defined benefit pension (loss) gain before reclassification	(5.3)	(0.8)	18.3
Defined benefit pension (loss) gain after reclassification	(4.3)	(0.1)	21.8
Deferred tax effect	1.3	(0.1)	(8.9)
Net defined benefit pension (loss) gain	(3.0)	(0.2)	12.9
Deconsolidation of discontinued operations	0.0	26.1	0.0
Net change to derive comprehensive income for the periods	45.5	54.8	(68.7)
Comprehensive income	170.3	1,856.7	4.0
Comprehensive income (loss) from continuing operations attributable to non-controlling interest	0.1	0.3	(0.4)
Comprehensive loss from discontinuing operations attributable to non-controlling interest	0.0	0.0	(0.5)
Deconsolidation of discontinued operations attributable to non-controlling interest	0.0	0.8	0.0
Comprehensive income attributable to controlling interest	170.2	1,855.6	4.9
Continuing Operations
Unrealized (loss) gain on derivative instruments
Net reclassification for loss (gain) to income from operations	15.2	12.2	(20.2)
Defined benefit pension (loss) gain
Net reclassification for loss to income from operations	1.0	0.8	3.6
Discontinued Operations
Unrealized (loss) gain on derivative instruments
Net reclassification for loss (gain) to income from operations	0.0	2.3	(2.4)
Defined benefit pension (loss) gain
Net reclassification for loss to income from operations	$ 0.0	$ (0.1)	$ (0.1)

DERIVATIVES

12 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES

Derivative financial instruments are used principally in the management of its foreign currency exchange rate exposures. The Company does not hold or issue derivative financial instruments for trading purposes.

Cash Flow Hedges

The Company periodically enters into forward foreign exchange contracts to hedge a portion of the risk from forecasted foreign currency denominated third-party and intercompany sales or payments. These obligations generally require the Company to exchange foreign currencies for Australian Dollars, Canadian Dollars, Euros, Japanese Yen, Mexican Peso, Pound Sterling or U.S. Dollars. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to inventory purchases or the sale of product. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to purchase price variance in Cost of Goods Sold on the Consolidated Statements of Income. At September 30, 2024, the Company had a series of foreign exchange derivative contracts outstanding through June 2026. The derivative net loss estimated to be reclassified from AOCI into earnings over the next 12 months is $7.6 million, net of tax. At September 30, 2024 and 2023, the Company had foreign exchange derivative contracts designated as cash flow hedges with a notional value of $351.7 million and $320.2 million, respectively.

For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the effective portion of the derivative is reported as a component of AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The following table summarizes the impact of the effective and ineffective portions of designated hedges and the gain or loss recognized in the Consolidated Statements of Income for the years ended September 30, 2024, 2023 and 2022:


	Gain (Loss) in OCI						Reclassified to Continuing Operations
(in millions)	2024		2023		2022		Line Item	2024		2023		2022
Foreign exchange contracts	$	0.1	$	0.3	$	0.2	Net sales	$	0.3	$	0.2	$	0.1
Foreign exchange contracts	(20.1)		(34.8)		30.9		Cost of goods sold	(15.5)		(12.4)		20.1
Total	$	(20.0)	$	(34.5)	$	31.1		$	(15.2)	$	(12.2)	$	20.2

Derivative Contracts Not Designated as Hedges for Accounting Purposes

The Company periodically enters into forward exchange contracts to economically hedge a portion of the risk from third-party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for, among others, Canadian Dollars, Colombian Peso, Czech Koruna, Euros, Japanese Yen, Mexican Peso, Pound Sterling, Singapore Dollar, Swiss Franc, Turkish Lira, or U.S. Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the Consolidated Statements of Financial Position. The gain or loss on the derivative hedge contracts is recorded in earnings as an offset to the change in value of the related liability or asset at each period end. At September 30, 2024, the Company had a series of forward exchange contracts outstanding through October 2024. At September 30, 2024 and 2023, the Company had $466.9 million and $671.5 million, respectively, of notional value for such foreign exchange derivative contracts outstanding.

The following table summarizes the gain or loss associated with derivative contracts not designated as hedges in the Consolidated Statements of Income for the years ended September 30, 2024, 2023 and 2022.


(in millions)	Line Item	2024		2023		2022
Foreign exchange contracts	Other non-operating (income) expense	$	(20.1)	$	(14.3)	$	25.6

Fair Value of Derivative Instruments

The fair value of the Company’s outstanding derivative instruments in the Consolidated Statements of Financial Position are as follows:


(in millions)	Line Item	2024		2023
Derivative Assets


Foreign exchange contracts - designated as hedge	Other receivables	$	1.4	$	1.4
Foreign exchange contracts - designated as hedge	Deferred charges and other	0.1		0.1
Foreign exchange contracts - not designated as hedge	Other receivables	0.3		1.8
Total Derivative Assets		$	1.8	$	3.3
Derivative Liabilities

Foreign exchange contracts - designated as hedge	Accounts payable	$	11.5	$	8.1
Foreign exchange contracts - designated as hedge	Other long-term liabilities	1.4		—
Foreign exchange contracts - not designated as hedge	Accounts payable	2.4		0.9
Total Derivative Liabilities		$	15.3	$	9.0

The Company is exposed to the risk of default by the counterparties with which it transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. The Company monitors counterparty credit risk on an individual basis by periodically assessing each counterparty’s credit rating exposure. The maximum loss due to credit risk equals the fair value of the gross asset derivatives that are concentrated with certain domestic and foreign financial institution counterparties. The Company considers these exposures when measuring its credit reserve on its derivative assets, which were not significant for the years ended September 30, 2024 and 2023.

The Company’s standard contracts do not contain credit risk related contingent features whereby the Company would be required to post additional cash collateral because a credit event. However, the Company is typically required to post collateral in the normal course of business to offset its liability positions. As of September 30, 2024, and 2023, there was no cash collateral outstanding and had no posted standby letters of credit related to such liability positions.

Net Investment Hedge

SBI had €425.0 million aggregate principal amount of the 2026 Notes designated as a non-derivative economic hedge, or net investment hedge, of the translation of the Company’s net investments in Euro denominated subsidiaries at the time of issuance. The hedge effectiveness is measured on the beginning balance of the net investment and re-designated every three months. Any gains and losses attributable to the translation of the Euro denominated debt designated as net investment hedge are recognized as a component of foreign currency translation within AOCI, and gains and losses attributable to the translation of the undesignated portion are recognized as foreign currency translation gains or losses within Other Non-Operating Expense, Net.

Net unrealized gains or losses from the net investment hedge are reclassified from AOCI into earnings upon liquidation event or deconsolidation of Euro denominated subsidiaries. Effective June 20, 2024, the net investment hedge is no longer outstanding due to the full redemption of the 2026 Notes. See Note 11 - Debt for additional detail. The cumulative unrealized gain of $11.9 million related to the net investment hedge will remain in AOCI until a liquidation event or deconsolidation of the underlying Euro denominated subsidiaries. The following summarizes the pre-tax (loss) gain from the net investment hedge recognized in Other Comprehensive Income for the year ended September 30, 2024, through redemption of the 2026 Notes, and the years ended September 30, 2023 and 2022:


(Loss) Gain in OCI (in millions)	2024		2023		2022
Net investment hedge	$	(13.2)	$	(31.7)	$	75.8

SEGMENT INFORMATION (Tables)

12 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Net Sales Relating to Segments

Net sales consists of revenue generated by contracts with external customers. The segments do not have significant or material intrasegment revenues. Net sales relating to the segments for the years ended September 30, 2024, 2023 and 2022 are as follows. See Note 5 - Revenue Recognition for revenue from product sales, licensing and service and other revenue streams, by segment.


(in millions)	2024		2023		2022
GPC	$	1,151.5	$	1,139.0	$	1,175.3
H&G	578.6		536.5		587.1
HPC	1,233.8		1,243.3		1,370.1
Net sales	$	2,963.9	$	2,918.8	$	3,132.5

Schedule of Segment Information

The following is a summary of segment Adjusted EBITDA reconciled to the Company’s pre-tax operating income from continuing operation for the years ended September 30, 2024, 2023 and 2022.


(in millions)	2024		2023		2022
GPC	$	216.1	$	190.6	$	168.6
H&G	90.8		72.5		86.2
HPC	75.3		43.1		69.6
Total segment adjusted EBITDA	382.2		306.2		324.4
Interest expense	58.5		116.1		99.4
Depreciation	57.3		48.9		49.0
Amortization	44.5		42.3		50.3
Corporate costs	66.1		41.1		41.3
Unallocated shared service costs	—		18.0		27.6
Interest income1	(55.7)		(37.9)		—
Share based compensation	17.5		17.2		10.2
Non-cash impairment charges	50.3		242.6		—
Non-cash purchase accounting adjustments	1.2		1.9		8.3
(Gain) loss from early extinguishment of debt	(2.6)		3.0		—
Exit and disposal costs	1.0		9.3		10.4
HHI separation costs2	3.9		8.4		6.3
HPC separation initiatives2	13.4		4.2		19.1
Global ERP transformation2	15.0		11.4		13.1
Tristar Business acquisition and integration2	—		11.5		24.3
Rejuvenate integration2	—		—		6.8
Armitage integration2	—		—		1.4
Omega production integration2	—		—		4.6
Coevorden operations divestiture2	—		2.7		8.8

GPC distribution center transition2	—		—		35.8

HPC brand portfolio transition2	—		2.5		1.3
HPC product recall3	6.9		7.7		5.5
Gain from remeasurement of contingent consideration liability4	—		(1.5)		(28.5)
Representation and warranty insurance proceeds5	(65.0)		—		—
Litigation charges6	2.9		3.0		1.5
HPC product disposal7	—		20.6		—
Other8	3.4		23.4		18.2
Income (loss) from continuing operations before income taxes	$	163.6	$	(290.2)	$	(90.3)

________________________________________

1 Interest income is primarily associated with the corporate investment of cash proceeds from the HHI divestiture in June 2023.

2 Incremental costs associated with strategic transactions, restructuring and optimization initiatives, including, but not limited to, the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure operations.

3 Incremental net costs from product recalls in the HPC segment. See Note 20 - Commitment and Contingencies for further detail.

4 Non-cash gain from the remeasurement of a contingent consideration liability associated with the Tristar Business acquisition during the years ended September 30, 2023 and 2022.

5 Gain from the receipt of insurance proceeds on representation and warranty policies associated with the Tristar Business acquisition. See Note 20 Commitment and Contingencies for further detail.

6 Litigation costs primarily associated with the Tristar Business acquisition. See Note 20 - Commitment and Contingencies for further detail.

7 Non-cash write-off from disposal of HPC inventory. See Note 8 - Inventory for further details.

8 Other is attributable to (1) other costs associated with strategic transaction, restructuring and optimization initiatives; (2) other foreign currency loss from the liquidation and deconsolidation of the Company's Russia operating entity during the year ended September 30, 2024; (3) key executive severance and other one-time compensatory costs, (4) non-recurring insurable losses, net insurance proceeds; and (5) impact from the early settlement of foreign currency cash flow hedges during September 30, 2023 and 2022, as previously reported.

Schedule of Depreciation and Amortization Relating to Segments

Depreciation and amortization relating to the segments are as follows for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
GPC	$	36.7	$	37.4	$	37.4
H&G	19.4		18.8		18.6
HPC	21.4		20.4		28.7
Total segments	77.5		76.6		84.7
Corporate and shared operations	24.3		14.6		14.6
Total depreciation and amortization	$	101.8	$	91.2	$	99.3

Schedule of Segment Total Assets Relating to Segments

The following is a summary of segment assets and a reconciliation of segment assets to total assets of the Company were as follows as of September 30, 2024 and 2023:


Segment total assets (in millions)	2024		2023
GPC	$	159.4	$	171.8
H&G	85.6		90.7
HPC	217.1		200.3
Total segment assets	462.1		462.8
Other current assets	1,116.5		2,463.1
Non-current assets	2,263.7		2,332.5
Total assets	$	3,842.3	$	5,258.4

Schedule of Net Sales by Geographic Area

Net sales geographic regions (based upon destination) for the years ended September 30, 2024, 2023 and 2022 are as follows:



Net sales to external parties - Geographic Disclosure (in millions)	2024		2023		2022
United States	$	1,715.8	$	1,722.4	$	1,901.6
Europe/MEA	885.2		830.7		820.0
Latin America	211.8		206.8		243.3
Asia-Pacific	99.4		106.6		108.5
North America - Other	51.7		52.3		59.1
Net sales	$	2,963.9	$	2,918.8	$	3,132.5

Schedule of Long-Lived Assets by Geographic Area

Long-lived asset information, consisting of Property Plant and Equipment, Net, and Operating Lease Assets, as of September 30, 2024 and 2023 by geographic area are as follows:



Long-lived assets - Geographic Disclosure (in millions)	2024		2023
United States	$	285.7	$	321.4
Europe/MEA	73.0		53.7
Latin America	2.4		2.6
North America - Other	1.3		—
Asia-Pacific	6.1		8.2
Total long-lived assets	$	368.5	$	385.9

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Policies)

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Principles of Consolidation and Fiscal Year End

The consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries and have been prepared in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”). All intercompany transactions have been eliminated.

The Company’s fiscal year ends September 30 and reports its results using fiscal quarters whereby each three-month quarterly reporting period is approximately thirteen weeks in length and ends on a Sunday. The exceptions are the first quarter, which begins on October 1, and the fourth quarter, which ends on September 30. For the year ended September 30, 2024, the fiscal quarters were comprised of the three months ended December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid temporary instruments purchased with original maturities of three months or less from date of purchase to be cash equivalents.

Short-Term Investments

The Company determines the balance sheet classification of its investments at the time of purchase and evaluates the classification at each balance sheet date. Money market funds, certificates of deposit, and time deposits with original maturities of greater than three months but no more than twelve months from the date of purchase are carried at cost, which approximates fair value, and are recognized in the consolidated balance sheets as short-term investments.

Restricted Cash

The Company may be required to maintain cash deposits or accounts that may be restricted under certain contractual agreements such as security deposits, escrows or other restricting requirements. Such restricted accounts are otherwise excluded from cash and cash equivalents and reflected as other current or non-current assets depending upon the requirements. As of September 30, 2024, there was $1.6 million of restricted cash, with no significant restricted cash accounts or deposits as of September 30, 2023.

Receivables

Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, but generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and will make adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment or return for a given customer.

Inventories

Inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (FIFO) method.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Property, plant and equipment held under finance leases are depreciated on a straight-line basis over the shorter of the lease term or estimated useful life of the asset. Such amortization is included in depreciation expense and recognized as Cost of Goods Sold or Selling, General & Administrative Expense in the Consolidated Statements of Income depending on the nature and use of the underlying asset

The Company uses accelerated depreciation methods for income tax purposes. Useful lives for property, plant and equipment are as follows:


Asset Type						Range
Buildings and improvements						20 - 40 years
Machinery, tooling and equipment						2 - 15 years
Computer software						3 - 5 years

Expenditures which substantially increase value or extend useful lives are capitalized with corresponding cash flows recognized as investing activity. Expenditures for maintenance and repairs are charged to operations as incurred. The Company records gains and losses on the disposition or retirement of property, plant and equipment based on the net book value and any proceeds received.

Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review. If such indicators are present, the Company performs undiscounted cash flow analyses to determine if impairment exists. The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the respective asset group. If impairment is determined to exist, any related impairment loss is calculated based on fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

Internal Use Software and Cloud Computing Arrangements

The costs incurred towards internal-use software development in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs incurred to develop internal-use software are capitalized and recognized as Property Plant and Equipment on the Consolidated Statements of Financial Position. Other costs associated with training and data conversion are generally expensed as incurred. Depreciation is calculated on a straight-line basis over the estimated useful life of the software. Maintenance and enhancement costs, including those costs in the post-implementation stages, are typically expensed as incurred, unless such costs relate to substantial upgrades and enhancements to the software that result in added functionality, in which case the costs are capitalized and depreciated on a straight-line basis over the estimated useful life of the software.Costs incurred towards the implementation of cloud computing arrangements, including software-as-a-service (“SaaS”), or other similar SaaS type services, such as platform as a service, infrastructure as a service and other hosting arrangements where we do not take possession of the software and instead gain access to the software remotely, are accounted for consistent with internal-use software development. Unlike internal-use software development costs, the amounts capitalized are recognized as a deferred balance similar to a prepayment or other deferred assets. Amortization of such costs are calculated on a straight-line basis over the applicable term of such hosting arrangements, recognized as Selling, General & Administrative Expense and not considered depreciation or amortization expense. If there is no software license provided by the contract, then the arrangement is considered a service contract and expensed as incurred.

Goodwill

Goodwill reflects the excess of acquisition cost over the aggregate fair value assigned to identifiable net assets acquired. Goodwill is not amortized, but instead is assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified. Goodwill has been assigned to reporting units for purposes of impairment testing based upon the relative fair value of the asset to each reporting unit. Our reporting units are consistent with our reportable segments. See Note 21 - Segment Information for further discussion.

Goodwill is tested for impairment in the fourth quarter of our fiscal year by either performing a qualitative assessment or a quantitative test for some, or all reporting units. The Company evaluates qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. In performing a qualitative assessment, the Company considers events and circumstances, including, but not limited to, macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in market value, composition or carrying amount of a reporting unit’s net assets, and considering any changes in the market price of the Company’s common stock. If the Company determines that it is more likely than not the carrying value is greater than the fair value of a reporting unit after assessing the totality of facts and circumstances, a quantitative assessment is performed to determine the reporting unit fair value and measure the impairment. If the Company determines that it is more likely than not the fair value is greater than the carrying amount, then a quantitative assessment is not required.

In estimating the fair value of our reporting units for a quantitative impairment assessment, we use both an income approach and a market approach. The income approach is a discounted cash flow methodology, which requires us to estimate future revenues, expenses, and capital expenditures and make assumptions about our weighted average cost of capital and perpetuity growth rate, among other variables. The market approach is a guideline public company method that assesses value of our reporting unit based upon market multiples derived from financial results of selected comparable companies. We test the aggregate estimated fair value of our reporting units by comparison to our total market capitalization, including both equity and debt capital. The fair value of each reporting unit is compared to its carrying value, including goodwill. If the fair value of a reporting unit is less than its carrying value, an impairment loss would be recognized equal to that excess; however, the loss recognized cannot exceed the total amount of goodwill allocated to that reporting unit.

Intangible Assets

Intangible assets are recorded at cost or at estimated fair value if acquired in a business combination. Customer lists, proprietary technology and certain trade name intangibles are amortized, using the straight-line method, over their estimated useful lives. The ranges of useful lives for definite-lived intangibles assets are as follows:

Asset Type

Range

Customer relationships

12 - 20 years

Technology assets

8 - 18 years

Tradenames

6 - 12 years

Definite-lived intangible assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be recoverable. If indicators of potential impairment are identified, the Company performs an undiscounted cash flow analysis to determine if impairment exists. The asset value would be deemed impaired if the undiscounted cash flows expected to be generated by the asset did not exceed the carrying value of the respective asset group. If impairment is determined to exist, any related impairment loss is calculated based on fair value.

Certain trade name intangible assets have an indefinite life and are not amortized, but instead are assessed for impairment at least annually, in the fourth quarter of our fiscal year by either performing a qualitative assessment or a quantitative test for some or all indefinite lived intangible assets. The Company evaluates qualitative factors to determine whether it is more likely than not that the fair value of the indefinite lived intangible assets is less than its carrying amount. In performing a qualitative assessment, the Company considers events and circumstances, including, but not limited to, macroeconomic conditions, industry and market conditions, cost factors, changes in strategy and overall financial performance. If the Company determines that it is more likely than not the carrying value is greater than the fair value of an indefinite lived intangible asset, a quantitative assessment is performed to determine the fair value and measure the impairment. If the Company determines that it is more likely than not the fair value is greater than the carrying amount, then a quantitative assessment is not required.

The quantitative impairment analysis of indefinite lived intangible assets compares the estimated fair value of the identified trade names to their carrying value to determine if impairment exists. If the fair value is less than the carrying value, an impairment loss is recorded for the excess. The fair value of indefinite-lived intangible assets is determined using an income approach, the relief-from-royalty methodology, which requires us to make estimates and assumptions about future revenues, royalty rates, and the discount rate, among others.

Assets Held for Sale and Discontinued Operations

An asset, group of assets, or qualifying business are considered held for sale when they meet all the applicable criteria; including: (i) having the authority to sell, (ii) being available to sell in their present condition, (iii) having an active program to locate buyers, (iv) being actively marketed at current fair value, and (v) considered probable of selling within one year. Assessment for held for sale are performed at least quarterly or when events or changes in business circumstances indicate that a change in classification may be necessary.

Assets and liabilities of a qualifying business are excluded from the net assets of continuing operations, separated in a disposal group and classified as held for sale in the period in which the held for sale criteria was met. Corporate debt is not included as a component of the disposal group, regardless of repayment provisions, and only debt directly attributable to the divested operations may be included as held for sale. Assets and liabilities held for sale are recorded at the lower of its carrying amount or estimated fair value less expected cost to sell and any unrecognized other comprehensive loss. Assets held for sale do not experience any subsequent depreciation or amortization after being classified as held for sale. Assets held for sale are reviewed for impairment at least quarterly, and if the carrying amount of the disposal group exceeds the estimated fair value less cost to sell, a loss is recognized. If a business is classified as held for sale after the balance sheet date but before the financial statements are issued or are available to be issued, the business continues to be classified as held and used in those financial statements when issued or when available to be issued.

The Company reports the results of operations of a business as discontinued operations if a disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results when the business is sold and meets the criteria for being classified as held for sale. Assets and liabilities of a disposal group classified as held for sale and related to discontinued operations are presented as held for sale for all current and prior periods presented within the statement of a financial position. The results of discontinued operations are reported in Income From Discontinued Operations, Net of Tax for the current and prior periods commencing in the period in which the business meets the held for sale criteria, and includes any gain or loss recognized on closing, or adjustment of the carrying amount to fair value less cost to sell while being held for sale. Loss realized upon change of classification to held for sale is recognized as a loss to continuing operations. Income from discontinued operations includes only direct costs attributable to the divested business and excludes any indirect cost allocation associated with any shared or corporate led functions unless otherwise dedicated to the divested business. Transactions between the businesses held for sale and businesses held for use that are expected to continue to exist after the disposal are not eliminated to appropriately reflect the continuing operations and balances held for sale. Interest costs from corporate debt, excluding premium payments or loss on extinguishment of debt, may be included as a component of income from discontinued operations specifically attributable to interest from corporate debt that is obligated to be repaid following the completion of a divestiture; plus the allocation of interest cost from corporate debt not directly attributable to or related to other operations based on the ratio of net assets of the disposal group held for sale to the consolidated net assets plus consolidated debt, excluding debt assumed in transaction, required to be repaid, or directly attributable to other operations of the Company. Adjustments to discontinued operations subsequent to the completion of a transaction or disposition are generally attributable to contingencies and indemnifications directly related to the disposal transaction, operations of the discontinued operations, or settlement of obligations directly related to the disposal. Amounts within accumulated other comprehensive income directly associated with a divested business are not realized as a component of Income from Discontinued Operations until completion of the sale or disposition.

Debt Issuance Costs

Debt issuance costs are deferred and amortized to interest expense using the effective interest method over the lives of the related debt agreements. Debt issuance costs are included as a reduction to Long Term Debt, Net of Current Portion. Amortization of debt issuance costs is recognized as a component of Interest Expense in the Consolidated Statements of Income.

Derivative Financial Instruments

Derivative financial instruments are used by the Company principally in the management of its foreign currency exposures. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Derivative assets and liabilities are reported at fair value in the Consolidated Statements of Financial Position. When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. Depending on the nature of derivatives designated as hedging instruments, changes in fair value are either offset against the change in fair value of the hedged assets or liability through earnings, or recognized in equity through other comprehensive income until the hedged item is recognized. Derivative instruments that hedge the exposure to variability in expected future cash flows and are designated as cash flow hedges, and the entire change in the fair value of the hedging instrument is recorded as a component of Accumulated Other Comprehensive (Loss) Income (“AOCI”) in Shareholders’ Equity. Those amounts are subsequently reclassified to earnings in the same line item in the Consolidated Statements of Income as impacted by the hedge item when the hedged item affects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. For derivatives that do not qualify for hedge accounting treatment, the change in the fair value is recognized in earnings. Cash flows attributable to derivative financial instruments are reflected as operating activity.

Treasury Stock

Treasury stock purchases are stated at average cost and presented as a separate reduction of equity. See Note 17 - Shareholders’ Equity for further detail.

Noncontrolling Interest

Noncontrolling interest recognized in the consolidated equity of the Company is the minority interest ownership in equity of a consolidated subsidiary that is not attributable, directly or indirectly, to the parent company; and recognized separate from Shareholders’ Equity in the Consolidated Statements of Financial Position. Income from a consolidated subsidiary with a minority interest ownership is allocated to the minority interest and considered attributable to the noncontrolling interest in the Consolidated Statements of Income.

Business Combinations and Acquisition Accounting

The Company accounts for acquisitions by applying the acquisition method of accounting when the transaction or event is considered a business combination, which requires that the assets acquired and liabilities assumed constitute a business. A defined business is generally an acquired group of assets with inputs and processes that make it capable of generating a return or economic benefit for the acquirer. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

Revenue Recognition

Product Sales

Our customers mostly consist of retailers, wholesalers and distributors with the intention to sell and distribute to an end consumer. A portion of our business is also sold direct-to-consumer through direct response television, brand websites, and other online marketplaces. The Company recognizes revenue from the sale of products upon transfer of control to the customer. For the majority of our product sales, the transfer of control is recognized when we ship the product from our facilities to the customer unless we retain title and risk of loss upon shipment and we arrange and paid for freight such that we retain physical possession and control during delivery. The Company does not assess whether promised goods or services are performance obligations if they are not material in the context of the contract with the customer.

Licensing Revenue

The Company may also license its brands to third-party sellers and manufacturers for the development, production, sales & distribution of products that are not directly managed or offered by the Company. The Company maintains all right of ownership of the intellectual property and contracts with its customer for the use of the intellectual property in their operations. Revenue derived from the right-to-access licenses is recognized using the over time revenue recognition method, applying the ‘as-invoiced’ practical expedient method at the amount we are able to bill using a time-elapsed measure of progress, taking into consideration any minimum guarantee provisions under the contract, as it appropriately depicts its performance of providing access to the Company’s brands, trade names, logos, etc.

Other Revenue

Other revenue consists primarily of installation or maintenance services that are provided to certain customers in the GPC segment and extended warranty coverage for certain HPC products sold directly to consumers. The GPC services are often associated with the sale of product but are also provided separately and are considered a distinct performance obligation separate from product sales. The HPC extended warranty coverage is sold as a separate contract and is recognized as a separate performance obligation that is distinct from the product. The extended warranty is initially recognized as deferred revenue and amortized to Net Sales over the anticipated term of the performance of obligation. The HPC extended warranties terms are anywhere between 1 and 7 years, with the majority of the warranties realized within the first year of the term.

Variable Consideration and Cash Paid to Customers

The Company measures revenue as the amount of consideration for which it expects to be entitled in exchange for transferring goods or providing services. Certain retailers or end customers may receive cash or non-cash incentives such as rebates, volume or trade discounts, cooperative advertising, price protection, coupons, and other customer-related programs, including service level penalties, which are accounted for as variable consideration. Estimated amounts are included in the transaction price to the extent it is probable that a significant reversal of revenue recognized will not occur when the uncertainty is resolved. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the anticipated performance and all information (historical, current and forecasted) that is reasonably available. The estimated liability for sales discounts and other programs and allowances is calculated using the expected value method or most likely amount and recorded at the time of sale as a reduction of net sales and trade receivables. The Company does not adjust the promised amount of consideration for the effects of a significant financing component, as the period between the transfer of a promised good or service to a customer and the customer’s payment for the good or service is one year or less.

The Company generally expenses sales commissions and other contract and fulfillment costs when the amortization period is less than one year. The Company records these costs within Selling General & Administrative Expenses. The Company may enter into various arrangements, primarily with retail customers, which require the Company to make upfront cash payments or provide permanent fixtures and displays to support and secure distribution through such customers. The Company defers the cost provided they are supported by a volume-based arrangement with a period of 12 months or longer and amortizes the associated payment on a straight line basis based upon historical assumptions and terms of the customer arrangement. Deferred costs are recognized as a contract asset and reported as Prepaid Expenses and Other Current Assets or Deferred Charges and Other in the Consolidated Statements of Financial Position. The costs are incorporated into the pricing of product sold and the related amortization is treated as a reduction in Net Sales.

The Company excludes all sales taxes that are assessed by a governmental authority from the transaction price.

Product Returns

In the normal course of business, the Company may allow customers to return product per the provisions in a sale agreement. Estimated product returns are recorded as a reduction in reported revenues at the time of sale based upon historical product return experience, adjusted for known trends, to arrive at the amount of consideration expected to be received. For the anticipated value of the returns, the Company will recognize a return liability in Other Current Liabilities and a separate return asset included in the Prepaid Expenses and Other Current Assets, when applicable. See Note 5 - Revenue Recognition for further discussion on product returns. Product returns do not include provisions for standard warranties provided to end-consumers of the Company’s products, which are recognized as a component of the Cost of Goods Sold. Costs and reserves associated with standard warranties are not material to the consolidated financial statements.

The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period is not material.

Shipping and Handling Costs

Shipping and handling costs include costs incurred with third-party carriers to transport products to customers and salaries and overhead costs related to activities to prepare the Company’s products for shipment at the Company’s distribution facilities. The Company accounts for shipping and handling activities, which occur after control of the related goods transfers, as fulfillment activities instead of assessing such activities as performance obligations. Shipping and handling costs were $266.9 million, $272.6 million and $274.2 million during the years ended September 30, 2024, 2023 and 2022, respectively, and are included in Selling, General & Administrative Expenses.

Advertising Costs

Advertising costs include agency fees and other costs to create advertisements, as well as costs paid to third parties to print or broadcast the Company’s advertisements and are expensed as incurred. The Company incurred advertising costs of $91.7 million, $59.1 million and $64.1 million during the years ended September 30, 2024, 2023 and 2022, respectively, and are included in Selling, General & Administrative Expenses.

Research and Development Costs

Research and development costs include internal personnel and third-party costs incurred towards the development of new products and product innovation and are expensed as incurred. The Company incurred research and development costs of $28.1 million, $22.5 million, $26.7 million during the years ended September 30, 2024, 2023 and 2022, respectively, and are included in Selling, General & Administrative Expenses.

Environmental Expenditures

Environmental expenditures that relate to current operations or to conditions caused by past operations are expensed or capitalized as appropriate. The Company determines its liability for environmental matters on a site-by-site basis and records a liability at the time when it is probable that a liability has been incurred and such liability can be reasonably estimated. The estimated liability is not reduced for possible recoveries from insurance carriers. Environmental costs include initial site surveys, costs for remediation and restoration and ongoing monitoring costs, as well as fines, damages and other costs, when applicable and estimable. Adjustments to initial estimates are recorded, from time to time, to reflect changing circumstances and estimates based upon additional information developed in subsequent periods.

Exit and Disposal Costs

The Company regularly enters into various initiatives that may include the recognition of exit or disposal costs. Exit or disposal costs include, but are not limited to, the costs of termination benefits, such as a one-time involuntary severance or retention bonuses, one-time contract termination costs (excluding leases), and other costs associated with non-termination type costs related to restructuring initiatives such as incremental costs for the sale or termination of a line of business, closure or consolidation of facilities, country or region, relocation of business activities and employees from one location to another, change in management structure, among others. Exit and disposal costs associated with manufacturing are recorded as Cost of Goods Sold and exit and disposal costs associated with sales, marketing, distribution or other administrative functions are recorded as Selling, General & Administrative Expenses.

Liabilities from exit and disposal costs are recorded for estimated costs of facility closures, significant organizational adjustments and measures undertaken by management to exit certain activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred. Such liabilities could include amounts for items such as severance costs and related benefits, and other items directly related to the exit activities. Impairment of property and equipment and other assets as a result of a such initiatives is recognized as a reduction of the appropriate asset.

Leases

The Company determines if an arrangement is a lease at inception, considering whether the contract conveys a right to control the use of the identified asset for a period of time in exchange for consideration. Leases are classified as operating or finance leases at the commencement date of the lease. Operating leases are included in Operating Lease Assets, Other Current Liabilities and Long-Term Operating Lease Liabilities on the Consolidated Statements of Financial Position. Finance leases are included in Property, Plant and Equipment, Current Portion of Long-Term Debt, and Long-Term Debt, Net of Current Portion on the Consolidated Statements of Financial Position.

Right of use (“ROU”) lease assets and liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. ROU lease liabilities are classified between current and long-term liabilities based on their payment terms. The ROU lease asset includes prepaid rent and reflects the unamortized balance of lease incentives. Our leases may include renewal options, and we include the renewal option in the lease term if we conclude that it is reasonably certain that we will exercise that option. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company records its operating lease and amortization of finance lease ROU assets within Cost of Goods Sold or Selling, General & Administrative Expense in the Consolidated Statements of Income depending on the nature and use of the underlying asset. Lease expense for operating leases is generally recognized on a straight-line basis over the lease term. Finance lease ROU assets are depreciated over the term of the lease and recognized as depreciation from Property Plant and Equipment, with finance interest cost recognized as Interest Expense in the Consolidated Statements of Income. Variable lease payments that do not depend on an index or a rate, such as the Company’s proportionate share of actual costs for utilities, common area maintenance, insurance, and property taxes, are excluded from the measurement of the lease liability, unless subject to fixed minimum requirements, and are recognized as variable lease cost when the obligation for that payment is incurred.

As most of the Company’s leases do not provide the lease implicit rates, the Company uses its incremental borrowing rates as the discount rate, adjusted as applicable, based on the information available at the lease commencement dates to determine the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow, on a collateralized basis and in a similar economic environment, over the term of a lease. The Company may use the lease implicit rate, if readily determinable, as the discount rate to determine the present value of lease payments.

The Company has subleased certain portions of excess space at certain of its distribution centers and administrative offices. Sublease income is associated with both finance and operating leases, recognized on a straight-line basis over the sublease term, and included in other non-operating income.

We review the impairment of our ROU lease assets consistent with the approach applied for our other long-lived assets. ROU lease assets are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, early termination or exit of a lease agreement, a history of operating or cash flow losses including changes in anticipated sublease income, when applicable, or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review. If such indicators are present, the Company performs an undiscounted cash flow analysis to determine if impairment exists, including consideration for actual or potential sublease income. The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the respective asset group. If impairment is determined to exist, any related impairment loss is calculated based on fair value.

Supplier Financing Program

Supplier Financing Programs

As part of ongoing efforts to maximize working capital, the Company works with its suppliers to optimize the terms and conditions, which may include the extension of payment terms. There is an agreement with a third-party administrator to provide an accounts payable tracking system and facilitate a supplier financing program, which allows participating suppliers the ability to monitor and voluntarily elect to sell the Company’s payment obligations to a designated third-party financial institution. Participating suppliers can sell one or more of the payment obligations at their sole discretion, and the Company’s rights and obligations to its suppliers are not impacted. The Company has no economic interest in a supplier’s decision to enter into these agreements. The Company’s rights and obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by suppliers’ decisions to sell amounts under these arrangements.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income Tax Expense.

Foreign Currency Translation

Local currencies are considered the functional currencies for most of the Company’s operations outside the United States. Assets and liabilities of the Company’s foreign subsidiaries are translated at the rate of exchange existing at year-end, with revenues, expenses and cash flows translated at the average of the monthly exchange rates. Adjustments resulting from translation of the financial statements are recorded as a component of equity in AOCI, including the effects of exchange rate changes on intercompany balances of a long-term investment nature.

Newly Adopted Accounting Standards and Recently Issued Accounting Standards

Newly Adopted Accounting Standards

In September 2022, the FASB issued ASU 2022-04, Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations to enhance transparency about the use of supplier finance programs. Under the ASU, the buyer in a supplier finance program is required to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a roll-forward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. The amendments in ASU 2022-04 are effective for all entities for fiscal years beginning after December 15, 2022, including interim periods within those financial years, except for the disclosure of roll-forward information, which is effective for fiscal years beginning after December 15, 2023. We adopted the ASU during the year ended September 30, 2023, except for the disclosure of roll-forward information, which was adopted during the first quarter of fiscal 2024. See Note 14 - Supplier Financing Programs for further detail.

Recently Issued Accounting Standards

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which provides updates to qualitative and quantitative reportable segment disclosure requirements, including enhanced disclosures about significant segment expenses and increased interim disclosure requirements, among others. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted, and the amendments should be applied retrospectively. This ASU will be effective for our fiscal year ending September 30, 2025 for the first quarter of our fiscal year ending September 30, 2026. We are currently evaluating the impact this ASU may have on our consolidated financial statement disclosures.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which provides qualitative and quantitative updates to the rate reconciliation and income taxes paid disclosures, among others, in order to enhance the transparency of income tax disclosures, including consistent categories and greater disaggregation of information in the rate reconciliation and disaggregation by jurisdiction of income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. This ASU will be effective for our fiscal year ending September 30, 2026. We are currently evaluating the impact this ASU may have on our consolidated financial statement disclosures.

In December of 2021, the Organization for Economic Cooperation and Development (“OEC”) established a framework, referred to as Pillar 2, designed to ensure large multinational enterprises pay a minimum 15% level of tax on the income arising in jurisdictions in which they operate. The earliest effective date is for taxable years beginning after December 31, 2023, which for the Company would be the year ending September 30, 2025. Numerous non-U.S. countries have enacted the OECD model rules, and several other countries have drafted legislation to incorporate the framework into domestic laws. While the model rules for applying minimum tax may have been adopted, countries may enact Pillar 2 slightly differently than the model rules, and on different timelines, adopting certain components while delaying others, and may adjust domestic tax incentives in response to Pillar 2. Accordingly, we still are evaluating the

potential consequences of Pillar 2 on our consolidated financial statements and long-term financial position.

In March 2024, the U.S. Securities and Exchange Commission (“SEC”) adopted final rules under SEC Release Nos. 33-11275 and 34-99678, The Enhancement and Standardization of Climate-Related Disclosures for Investors, which requires registrants to disclose certain climate-related information in registration statements and annual reports. The final rules include requirements to disclose material climate-related risks, activities to mitigate or adapt to such risks, information about the board of directors' oversight of climate-related risks and management's role in managing material climate-related risks, and information on any climate-related targets or goals that are material to the registrant's business, results of operations, or financial condition. In addition, the rules would require certain climate-related disclosure as it relates to severe weather events and other natural conditions and carbon offsets and renewable energy credits. Certain large registrants are also required to disclose Scope 1 and Scope 2 greenhouse gas (“GHG”) emissions when material. While the SEC voluntarily stayed the rules due to pending judicial review, the rules in their current form would be effective for the Company beginning in our fiscal year ending September 30, 2026. The Company is currently assessing the impact that these rules may have on the consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, which provides updates to qualitative and quantitative disclosure requirements over the disaggregation of relevant expense captions within the income statement to provide more transparency and useful information on expenses within the income statement including tabular presentation of prescribed expense categories such as the purchases of inventory, employee compensation, depreciation, intangible asset amortization, and inclusion of other specific expense, gains and losses required by existing GAAP with reconciliation of disaggregation to the face of the income statement. The amendments in ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, with early adoption permitted. The amendment should be applied prospectively, however, retrospective application is also permitted. This ASU will be effective for our fiscal year ending September 30, 2028. We are currently evaluating the impact this ASU may have on our consolidated financial statement disclosures.

SEGMENT INFORMATION - Schedule of Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment adjusted EBITDA	$ 382.2	$ 306.2	$ 324.4
Interest expense	58.5	116.1	99.4
Depreciation	57.3	48.9	49.0
Amortization	44.5	42.3	50.3
Corporate costs	66.1	41.1	41.3
Unallocated shared service costs	0.0	18.0	27.6
Interest income	(57.5)	(38.3)	(0.6)
Share based compensation	17.5	17.2	10.2
Non-cash impairment charges	50.3	242.6	0.0
Non-cash purchase accounting adjustments	1.2	1.9	8.3
(Gain) loss from early extinguishment of debt	(2.6)	3.0	0.0
Exit and disposal costs	1.0	9.3	10.4
Exit and disposal costs	1.0	9.3	10.4
Global ERP transformation	15.0	11.4	13.1
Gain from remeasurement of contingent consideration liability	0.0	(1.5)	(28.5)
Representation and warranty insurance proceeds	(65.0)	0.0	0.0
Litigation charges	2.9	3.0	1.5
HPC product disposal	0.0	20.6	0.0
Other	3.4	23.4	18.2
Income (loss) from continuing operations before income taxes	163.6	(290.2)	(90.3)
HPC Separation Initiatives
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Exit and disposal costs	13.4	4.2	19.1
HHI separation costs
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest income	(55.7)	(37.9)	0.0
Transaction related charges	3.9	8.4	6.3
Tristar business acquisition and integration
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Transaction related charges	0.0	11.5	24.3
Rejuvenate integration
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Transaction related charges	0.0	0.0	6.8
Armitage integration
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Transaction related charges	0.0	0.0	1.4
Omega integration
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Transaction related charges	0.0	0.0	4.6
Coevorden operations divestiture
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Transaction related charges	0.0	2.7	8.8
HPC brand portfolio transition
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Transaction related charges	0.0	2.5	1.3
GPC
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment adjusted EBITDA	216.1	190.6	168.6
GPC distribution center transition	0.0	0.0	35.8
H&G
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment adjusted EBITDA	90.8	72.5	86.2
HPC
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment adjusted EBITDA	75.3	43.1	69.6
HPC product recall	$ 6.9	$ 7.7	$ 5.5

SHARE BASED COMPENSATION - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 0.4
Exercised (in shares)	30,000.00	0	0
Intrinsic value of share options exercised	$ 0.1
Remaining contractual term	1 year 10 months 24 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Remaining unrecognized pre-tax compensation cost	$ 41.3
Nonvested award, cost not yet recognized, period for recognition	1 year 3 months 18 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

COMMITMENTS AND CONTINGENCIES - Schedule of Environmental Loss Contingencies by Site (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accrual for Environmental Loss Contingencies Disclosure [Abstract]
Environmental remediation liability	$ 4.5	$ 5.4
Environmental Loss Contingency Statement of Financial Position Extensible Enumeration Not Disclosed Flag [Extensible Enumeration]	Environmental remediation liability	Environmental remediation liability
Reported as:
Other current liabilities	$ 0.8	$ 1.5
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Other long-term liabilities	$ 3.7	$ 3.9
Environmental Loss Contingency, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities

DERIVATIVES - Schedule of Impact of Designated Hedges and Gain (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	$ (20.0)	$ (35.3)	$ 30.7
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	(20.0)	(34.5)	31.1
Reclassified to Continuing Operations	(15.2)	(12.2)	20.2
Foreign exchange contracts \| Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	0.1	0.3	0.2
Reclassified to Continuing Operations	0.3	0.2	0.1
Foreign exchange contracts \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	(20.1)	(34.8)	30.9
Reclassified to Continuing Operations	$ (15.5)	$ (12.4)	$ 20.1

EXIT AND DISPOSAL ACTIVITIES - Schedule of Costs Incurred and Cumulative Costs by Cost Type (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 1.0	$ 9.3	$ 10.4
Termination Benefits
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.6	8.2	10.2
Other Costs
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 0.4	$ 1.1	$ 0.2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

DIVESTITURES - Schedule of Significant Non-cash Items and Capital Expenditures of Discontinued Operations (Details) - HHI Segment - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Share based compensation	$ 1.5	$ 5.3
Purchases of property, plant and equipment	$ 11.9	$ 23.9

GOODWILL AND INTANGIBLES

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLE ASSETS

Goodwill, by segment, consists of the following:


(in millions)	GPC		H&G		HPC		Total
As of September 30, 2022	$	502.4	$	342.6	$	108.1	$	953.1
Impairment	—		—		(111.1)		(111.1)
Tristar Business acquisition	—		—		3.0		3.0
Foreign currency impact	9.7		—		—		9.7
As of September 30, 2023	$	512.1	$	342.6	$	—	$	854.7

Foreign currency impact	10.2		—		—		10.2
As of September 30, 2024	$	522.3	$	342.6	$	—	$	864.9

During the year ended September 30, 2023, the Company recognized an impairment of goodwill of $111.1 million with its HPC reporting unit and segment identified by a triggering event attributable to a declining trend in operating performance results, challenging retail environment with increased competition, lower distribution, and excess retail inventory levels impacting pricing and promotional spending, resulting in a reduction in actual and projected sales and margin realization within its current and forecasted cash flows and a full impairment of the identified goodwill for the HPC reporting unit and segment.

The carrying value of indefinite lived intangible and definite lived intangible assets subject to amortization and accumulated amortization are as follows:


	2024						2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizable intangible assets
Customer relationships	$	641.8	$	(452.3)	$	189.5	$	635.0	$	(412.9)	$	222.1
Technology assets	75.3		(41.0)		34.3		75.3		(35.9)		39.4
Tradenames	27.9		(10.9)		17.0		27.6		(7.4)		20.2
Total amortizable intangible assets	745.0		(504.2)		240.8		737.9		(456.2)		281.7
Indefinite-lived intangible assets - tradenames	749.6		—		749.6		778.4		—		778.4
Total intangible assets	$	1,494.6	$	(504.2)	$	990.4	$	1,516.3	$	(456.2)	$	1,060.1

During the year ended September 30, 2024, the Company recognized an impairment of indefinite lived intangible assets of $45.2 million, consisting of an impairment with our H&G segment of $39.0 million with the Rejuvenate® tradename identified by a triggering event due to the loss of a key distribution expansion opportunity resulting in a significant shift in the forecasted revenue, an impairment with our HPC segment of $4.0 million with a non-core tradename identified by a triggering event due to a change in brand strategy, and an impairment with our GPC segment of $2.2 million with the OmegaSea® tradename identified as part of our annual impairment assessment.

During the year ended September 30, 2023, the Company recognized an impairment on indefinite lived intangible assets of $120.7 million, including an impairment with our H&G segment of $56.0 million with the Rejuvenate® tradename identified by a triggering event due to a shift in consumer purchasing activity and retail inventory management efforts with certain retail customers that make up a significant concentration of revenue for the brand and further reducing near-term forecasted sales, with a strategic shift in the projected timing and realization of long-term projected revenues. Additionally, the Company recognized impairment charges with our HPC segment including the impairment of the PowerXL® tradename of $45.0 million identified by a triggering event due to the decrease in distribution with retail customers, significant pricing adjustments and promotional spending activity resulting in a substantial shift in actual and projected revenues for the brand; and the impairment of the George Foreman® tradename of $19.7 million identified by a triggering event due to shifts in market demand for related product categories and shift in the Company’s brand portfolio strategy and projected utilization of the tradename going forward. As a result of the change in the Company’s strategy and utilization of the George Foreman® tradename, the Company converted the George Foreman® tradename from an indefinite-lived tradename to a definite-lived tradename during the year ended September 30, 2023.

Amortization expense from intangible assets for the years ended September 30, 2024, 2023 and 2022 was $44.5 million, $42.3 million and $50.3 million, respectively. Excluding the impact of any future acquisitions or changes in foreign currency, the Company anticipates the annual amortization expense of intangible assets for the next five fiscal years will be as follows:


(in millions)	Amortization
2025	$	42.2
2026	40.0
2027	40.0
2028	39.9
2029	36.9

RECEIVABLES (Tables)

12 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule of Allowance for Doubtful Accounts

The following is a rollforward of the allowance for doubtful accounts for the years ended September 30, 2024, 2023 and 2022:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2024	$	7.7	$	2.6	$	(2.2)	$	—	$	8.1
September 30, 2023	7.3		5.0		(1.4)		(3.2)		7.7
September 30, 2022	6.7		4.2		(4.9)		1.3		7.3

EXIT AND DISPOSAL ACTIVITIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 1.0	$ 9.3	$ 10.4
Russia dissolution
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			$ 20.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value measurements of financial assets and liabilities are defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Fair value measurements are classified using a fair value hierarchy that is based on the observability of inputs used in measuring fair value. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed assumptions about hypothetical transactions in the absence of market data. The Company utilizes valuation techniques that attempt to maximize the use of observable inputs and minimize the use of unobservable inputs. Fair value measurements are classified under the following hierarchy:

•Level 1 - Unadjusted quoted prices for identical instruments in active markets.

•Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

•Level 3 - Significant inputs to the valuation model are unobservable.

The carrying values and estimated fair values for financial instruments as of September 30, 2024 and 2023 are as follows:


	2024										2023
(in millions)	Level 1		Level 2		Level 3		Fair Value		Carrying Amount		Level 1		Level 2		Level 3		Fair Value		Carrying Amount

Derivative assets	$	—	$	1.8	$	—	$	1.8	$	1.8	$	—	$	3.3	$	—	$	3.3	$	3.3
Derivative liabilities	—		15.3		—		15.3		15.3		—		9.0		—		9.0		9.0
Debt	—		576.3		—		576.3		560.8		—		1,418.6		—		1,418.6		1,555.5

The Company’s derivative instruments are valued on a recurring basis using internal models, which are based on market observable inputs, including both forward and spot prices for currencies and commodities, which are generally based on quoted or observed market prices (Level 2). The fair value of certain derivative financial instruments is estimated using pricing models based on contracts with similar terms and risks. Modeling techniques assume market correlation and volatility, such as using prices of one delivery point to calculate the price of the contract’s different delivery point. In addition, by applying a credit reserve which is calculated based on credit default swaps or published default probabilities for the actual and potential asset value, the fair value of the Company’s derivative financial instrument assets reflects the risk that the counterparties to these contracts may default on the obligations. Likewise, by assessing the requirements of a reserve for non-performance, which is calculated based on the probability of default by the Company, the Company adjusts its derivative contract liabilities to reflect the price at which a potential market participant would be willing to assume the Company’s liabilities. The Company has not changed the valuation techniques used in measuring the fair value of any financial assets and liabilities during the year. See Note 13 – Derivatives for further detail.

The fair value measurements of the Company’s debt represent non-active market exchange-traded securities which are valued at quoted input prices that are directly observable or indirectly observable through corroboration with observable market data (Level 2). See Note 11 – Debt for further detail.

The carrying values of goodwill, intangible assets and other long-lived assets such as property, plant and equipment and operating lease assets, are tested annually or more frequently if a triggering event occurs that indicates an impairment loss may have been incurred, using fair value measurements with unobservable inputs (Level 3). See Note 10 - Goodwill and Intangible Assets, Note 9 - Property Plant and Equipment, and Note 12 - Leases for further detail.

The carrying values of cash and cash equivalents, short term investments, receivables, accounts payable and other short-term debt and accruals approximate fair value based on the short-term nature of these assets and liabilities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Topic 820
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-Section 55
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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accumulated Other Comprehensive Income

The changes in the components of accumulated other comprehensive income (loss), net of taxes, was as follows:


(in millions)	Foreign Currency Translation		Derivative Instruments		Defined Benefit Pension		Total
Balance as of September 30, 2021	$	(194.8)	$	6.4	$	(46.9)	$	(235.3)
Other comprehensive (loss) income before reclassification	(72.0)		30.7		18.3		(23.0)
Net reclassification for (gain) loss to income from continuing operations	—		(20.2)		3.6		(16.6)
Net reclassification for gain to income from discontinued operations	—		(2.4)		(0.1)		(2.5)
Other comprehensive (loss) income before tax	(72.0)		8.1		21.8		(42.1)
Deferred tax effect	(20.0)		2.3		(8.9)		(26.6)

Other comprehensive (loss) income, net of tax	(92.0)		10.4		12.9		(68.7)
Less: other comprehensive loss from continuing operations attributable to non-controlling interest	(0.4)		—		—		(0.4)
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest	(0.5)		—		—		(0.5)
Other comprehensive (loss) income attributable to controlling interest	(91.1)		10.4		12.9		(67.8)
Balance as of September 30, 2022	(285.9)		16.8		(34.0)		(303.1)
Other comprehensive income (loss) before reclassification	37.3		(35.3)		(0.8)		1.2
Net reclassification for loss to income from continuing operations	—		12.2		0.8		13.0
Net reclassification for loss (gain) to income from discontinued operations	—		2.3		(0.1)		2.2
Other comprehensive income (loss) before tax	37.3		(20.8)		(0.1)		16.4
Deferred tax effect	7.0		5.4		(0.1)		12.3

Other comprehensive income (loss), net of tax	44.3		(15.4)		(0.2)		28.7
Deconsolidation of discontinued operations	26.6		—		(0.5)		26.1
Net change to determine comprehensive income for the period	$	70.9	$	(15.4)	$	(0.7)	$	54.8
Less: other comprehensive income from continuing operations attributable to non-controlling interest	0.3		—		—		0.3
Less: Deconsolidation of discontinued operations	0.8		—		—		0.8

Other comprehensive income (loss) attributable to controlling interest	69.8		(15.4)		(0.7)		53.7
Balance as of September 30, 2023	(216.1)		1.4		(34.7)		(249.4)
Other comprehensive income (loss) before reclassification	49.6		(20.0)		(5.3)		24.3

Net reclassification for loss to income from continuing operations	2.4		15.2		1.0		18.6

Other comprehensive income (loss) before tax	52.0		(4.8)		(4.3)		42.9
Deferred tax effect	0.1		1.2		1.3		2.6

Other comprehensive income (loss), net of tax	52.1		(3.6)		(3.0)		45.5


Less: other comprehensive income from continuing operations attributable to non-controlling interest	0.1		—		—		0.1


Other comprehensive income (loss) attributable to controlling interest	52.0		(3.6)		(3.0)		45.4
Balance as of September 30, 2024	$	(164.1)	$	(2.2)	$	(37.7)	$	(204.0)

Schedule of Reclassification Out of Accumulated Other Comprehensive Income

The following table presents reclassifications of the gain (loss) on the Consolidated Statements of Income from AOCI for the periods indicated:


(in millions)	2024						2023					2022
	Foreign Currency Translation		Defined Benefit Pension		Derivative Instruments			Defined Benefit Pension		Derivative Instruments			Defined Benefit Pension		Derivative Instruments
Net sales	$	—	$	—	$	0.3		$	—	$	0.2		$	—	$	0.1
Cost of goods sold	—		—		(15.5)			—		(12.4)			—		20.1

Other non-operating expense, net	(2.4)		(1.0)		—			(0.8)		—			(3.6)		—
Income from discontinued operations, net of tax	—		—		—			0.1		(2.3)			0.1		2.4

INCOME TAXES - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Current tax expense:
U.S. Federal	$ 27.4	$ 81.8	$ 7.7
Foreign	31.9	44.9	24.7
State and local	1.3	(0.4)	(1.1)
Total current tax expense	60.6	126.3	31.3
Deferred tax expense (benefit):
U.S. Federal	6.2	(197.7)	(26.5)
Foreign	1.2	5.0	(1.2)
State and local	(3.7)	9.9	(16.9)
Total deferred tax expense (benefit)	3.7	(182.8)	(44.6)
Income tax expense (benefit)	$ 64.3	$ (56.5)	$ (13.3)

EARNINGS PER SHARE – SBH

12 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE – SBH

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to controlling interest by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated using its weighted-average outstanding common shares including the dilutive effect of share-based awards, based upon the treasury stock method, and the Exchangeable Notes, as determined under the net share settlement method. Performance based restricted stock units are excluded if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period. From the time of the issuance of the Exchangeable Notes, the average market price of the Company’s common shares has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the Exchangeable Notes. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the years ended September 30, 2024, 2023 and 2022, are as follows:


(in millions, except per share amounts)	2024		2023		2022
Numerator
Net income (loss) from continuing operations attributable to controlling interest	$	99.3	$	(233.8)	$	(77.2)
Income from discontinued operations attributable to controlling interest	25.5		2,035.3		148.8
Net income attributable to controlling interest	$	124.8	$	1,801.5	$	71.6
Denominator
Weighted average shares outstanding - basic	30.3		39.5		40.9
Dilutive shares	0.2		—		—
Weighted average shares outstanding - diluted	30.5		39.5		40.9
Earnings per share
Basic earnings per share from continuing operations	$	3.28	$	(5.92)	$	(1.89)
Basic earnings per share from discontinued operations	0.84		51.57		3.64
Basic earnings per share	$	4.12	$	45.65	$	1.75
Diluted earnings per share from continuing operations	$	3.26	$	(5.92)	$	(1.89)
Diluted earnings per share from discontinued operations	0.84		51.57		3.64
Diluted earnings per share	$	4.10	$	45.65	$	1.75
Weighted average number of anti-dilutive shares excluded from denominator	—		0.2		0.2

ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in the components of accumulated other comprehensive income (loss), net of taxes, was as follows:


(in millions)	Foreign Currency Translation		Derivative Instruments		Defined Benefit Pension		Total
Balance as of September 30, 2021	$	(194.8)	$	6.4	$	(46.9)	$	(235.3)
Other comprehensive (loss) income before reclassification	(72.0)		30.7		18.3		(23.0)
Net reclassification for (gain) loss to income from continuing operations	—		(20.2)		3.6		(16.6)
Net reclassification for gain to income from discontinued operations	—		(2.4)		(0.1)		(2.5)
Other comprehensive (loss) income before tax	(72.0)		8.1		21.8		(42.1)
Deferred tax effect	(20.0)		2.3		(8.9)		(26.6)

Other comprehensive (loss) income, net of tax	(92.0)		10.4		12.9		(68.7)
Less: other comprehensive loss from continuing operations attributable to non-controlling interest	(0.4)		—		—		(0.4)
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest	(0.5)		—		—		(0.5)
Other comprehensive (loss) income attributable to controlling interest	(91.1)		10.4		12.9		(67.8)
Balance as of September 30, 2022	(285.9)		16.8		(34.0)		(303.1)
Other comprehensive income (loss) before reclassification	37.3		(35.3)		(0.8)		1.2
Net reclassification for loss to income from continuing operations	—		12.2		0.8		13.0
Net reclassification for loss (gain) to income from discontinued operations	—		2.3		(0.1)		2.2
Other comprehensive income (loss) before tax	37.3		(20.8)		(0.1)		16.4
Deferred tax effect	7.0		5.4		(0.1)		12.3

Other comprehensive income (loss), net of tax	44.3		(15.4)		(0.2)		28.7
Deconsolidation of discontinued operations	26.6		—		(0.5)		26.1
Net change to determine comprehensive income for the period	$	70.9	$	(15.4)	$	(0.7)	$	54.8
Less: other comprehensive income from continuing operations attributable to non-controlling interest	0.3		—		—		0.3
Less: Deconsolidation of discontinued operations	0.8		—		—		0.8

Other comprehensive income (loss) attributable to controlling interest	69.8		(15.4)		(0.7)		53.7
Balance as of September 30, 2023	(216.1)		1.4		(34.7)		(249.4)
Other comprehensive income (loss) before reclassification	49.6		(20.0)		(5.3)		24.3

Net reclassification for loss to income from continuing operations	2.4		15.2		1.0		18.6

Other comprehensive income (loss) before tax	52.0		(4.8)		(4.3)		42.9
Deferred tax effect	0.1		1.2		1.3		2.6

Other comprehensive income (loss), net of tax	52.1		(3.6)		(3.0)		45.5


Less: other comprehensive income from continuing operations attributable to non-controlling interest	0.1		—		—		0.1


Other comprehensive income (loss) attributable to controlling interest	52.0		(3.6)		(3.0)		45.4
Balance as of September 30, 2024	$	(164.1)	$	(2.2)	$	(37.7)	$	(204.0)

The following table presents reclassifications of the gain (loss) on the Consolidated Statements of Income from AOCI for the periods indicated:


(in millions)	2024						2023					2022
	Foreign Currency Translation		Defined Benefit Pension		Derivative Instruments			Defined Benefit Pension		Derivative Instruments			Defined Benefit Pension		Derivative Instruments
Net sales	$	—	$	—	$	0.3		$	—	$	0.2		$	—	$	0.1
Cost of goods sold	—		—		(15.5)			—		(12.4)			—		20.1

Other non-operating expense, net	(2.4)		(1.0)		—			(0.8)		—			(3.6)		—
Income from discontinued operations, net of tax	—		—		—			0.1		(2.3)			0.1		2.4

See Note 13 - Derivatives for further detail on the Company’s hedging activity. See Note 15 - Employee Benefit Plans for further detail over the Company’s defined benefit plans.

DESCRIPTION OF BUSINESS

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

DESCRIPTION OF BUSINESS

The Company is a diversified global branded consumer products company. We manage the business in three vertically integrated, product-focused segments: (i) Global Pet Care (“GPC”), (ii) Home and Garden (“H&G”) and (iii) Home and Personal Care (“HPC”). The Company manufactures, markets and/or distributes its products globally in the North America (“NA”), Europe, Middle East & Africa (“EMEA”), Latin America (“LATAM”) and Asia-Pacific (“APAC”) regions through a variety of trade channels, including retailers, wholesalers and distributors. We enjoy strong name recognition under various brands and patented technologies across multiple product categories. Global and geographic strategic initiatives and financial objectives are determined at the corporate level. Each segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a president responsible for sales and marketing initiatives and global operating results for all product lines within the segment. The segments are supported through center-led shared service operations and enabling functions consisting of finance and accounting, information technology, legal, human resources, supply chain, and commercial operations. See Note 21 – Segment Information for more information pertaining to segments of continuing operations. The following is an overview of the consolidated business, by segment, summarizing product categories and brands:

Segment

Products

Brands

GPC

Companion Animal: Rawhide chews, dog and cat clean-up, training, health and grooming products, small animal food and care products, rawhide-free dog and cat treats, and wet and dry pet food for dogs and cats.

Aquatics: Consumer and commercial aquarium kits, stand-alone tanks; aquatics equipment such as filtration systems, heaters and pumps; and aquatics consumables such as fish food, water management and care.

Companion Animal: Good’n’Fun®, DreamBone®, GOOD BOY®, SmartBones®, IAMS® (Europe only), EUKANUBA® (Europe only), Nature's Miracle®, FURminator®, Dingo®, 8IN1® (8-in-1), Meowee!®, and Wild Harvest™.

Aquatics: Tetra®, Marineland®, Instant Ocean®, GloFish®, and OmegaSea®.

H&G

Household: Household pest control solutions such as spider and scorpion killers; ant and roach killers; flying insect killers; insect foggers; wasp and hornet killers; and bedbug, flea and tick control products.

Controls: Outdoor insect and weed control solutions, and animal repellents such as aerosols, granules, and ready-to-use sprays or hose-end ready-to-sprays.

Repellents: Personal use pesticides and insect repellent products, including aerosols, lotions, pump sprays and wipes, yard sprays and citronella candles.

Cleaning: Household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes and markers.

Household: Hot Shot®, Black Flag®, Real-Kill®, Ultra Kill®, The Ant Trap® (TAT), and Rid-A-Bug®.

Controls: Spectracide®, Garden Safe®, Liquid Fence®, and EcoLogic®.

Repellents: Cutter® and Repel®.

Cleaning: Rejuvenate®

HPC

Kitchen & Home Appliances: Small kitchen appliances including toaster ovens, coffeemakers, slow cookers, air fryers, blenders, hand mixers, grills, food processors, juicers, toasters, irons, kettles, and bread makers, cookware, and cookbooks.

Personal Care: Hair dryers, flat irons and straighteners, rotary and foil electric shavers, personal groomers, mustache and beard trimmers, body groomers, nose and ear trimmers, women’s shavers, haircut kits and intense pulsed light hair removal systems.

Kitchen & Home Appliances: Black+Decker®, Russell Hobbs®, George Foreman®, PowerXL®, Emeril Legasse®, Copper Chef ®, Toastmaster®, Juiceman®, Farberware®, and Breadman®

Personal Care: Remington®

All brands and tradenames noted above are owned by the Company, with the exception of Black+Decker® (“B+D”), Emeril Legasse® and Farberware®, which are subject to trademark license agreements.

We have a trademark license agreement (the “B+D License Agreement”) with the license holder, Stanley Black+Decker (“SBD”), which terminated the previous agreement and having an effective date of January 1, 2024, pursuant to which the HPC segment license the B+D brand in North America, South America (excluding Brazil), Central America, and the Caribbean (excluding Cuba) for primarily four core categories of household appliances: beverage products, food preparation products, garment care products and cooking products. The B+D License Agreement has an initial four-year term ending December 31, 2027, with two subsequent four-year renewal rights each based upon meeting certain sales metrics, potentially extending the total contract term to December 31, 2035. The License Agreement may not renew if these targets are not satisfied. Under the terms of the License Agreement, the Company agreed to pay SBD royalties based on a percentage of sales, with a minimum annual royalty payment of $11.7 million for the first year in the initial term, with decreases in subsequent years of the initial term down to $10.2 million in the fourth year, and is subject to adjustment with each renewal period. The B+D License Agreement also requires us to comply with maximum annual returns rates for products and promotional spending commitments. See Note 5 – Revenue Recognition for further detail on revenue concentration from B+D branded products.

The Emeril Legasse® brand is subject to a trademark license agreement (the “Emeril License Agreement”) with the license holder, Martha Stewart Living Omnimedia, Inc., pursuant to which the HPC segment can license the Emeril Legasse® brand within the U.S., and its territories and possessions, Canada, Mexico, Australia, and the United Kingdom ("UK") for certain designated products categories of household appliances, including small kitchen food preparation products, indoor and outdoor grills, grill accessories and cookbooks. The agreement is set to expire effective December 31, 2024, with an option to renew through December 31, 2025, subject to meeting certain sales metrics. Under the terms of the agreement, we are obligated to pay the license holder a percentage of net sales, with minimum annual royalty payments of $1.7 million, increasing to $1.8 million in the 2025 renewal period. The Farberware® tradename brand is subject to a trademark license agreement (the “Farberware License Agreement”) with the license holder, Farberware License Company, LLC, pursuant to which the HPC segment licenses the Farberware® brand on a worldwide basis for certain designated product categories of household appliances, including coffeemakers, juicers, toasters and toaster ovens, among others. The Farberware License Agreement is set to expire December 31, 2210. The Company and its HPC segment do not have a material concentration of branded products exceeding 10% of consolidated or segment revenue from either the Emeril Legasse® or Farberware® brands.

GOODWILL AND INTANGIBLES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Intangible Assets [Line Items]
Impairment of goodwill	$ 0.0	$ 111.1	$ 0.0
Impairment of intangible assets	45.2	120.7	0.0
Amortization of intangible assets	44.5	42.3	$ 50.3
H&G
Intangible Assets [Line Items]
Impairment of intangible assets	39.0
HPC
Intangible Assets [Line Items]
Impairment of goodwill		111.1
Impairment of intangible assets	4.0
GPC
Intangible Assets [Line Items]
Impairment of goodwill		0.0
Impairment of intangible assets	$ 2.2
Tradenames
Intangible Assets [Line Items]
Impairment of intangible assets		56.0
Trade Names, Power XL
Intangible Assets [Line Items]
Impairment of intangible assets		45.0
Trade Names, George Foreman
Intangible Assets [Line Items]
Impairment of intangible assets		$ 19.7

GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Reporting Segment

Goodwill, by segment, consists of the following:


(in millions)	GPC		H&G		HPC		Total
As of September 30, 2022	$	502.4	$	342.6	$	108.1	$	953.1
Impairment	—		—		(111.1)		(111.1)
Tristar Business acquisition	—		—		3.0		3.0
Foreign currency impact	9.7		—		—		9.7
As of September 30, 2023	$	512.1	$	342.6	$	—	$	854.7

Foreign currency impact	10.2		—		—		10.2
As of September 30, 2024	$	522.3	$	342.6	$	—	$	864.9

Schedule of Carrying Value and Accumulated Amortization for Intangible Assets

The carrying value of indefinite lived intangible and definite lived intangible assets subject to amortization and accumulated amortization are as follows:


	2024						2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizable intangible assets
Customer relationships	$	641.8	$	(452.3)	$	189.5	$	635.0	$	(412.9)	$	222.1
Technology assets	75.3		(41.0)		34.3		75.3		(35.9)		39.4
Tradenames	27.9		(10.9)		17.0		27.6		(7.4)		20.2
Total amortizable intangible assets	745.0		(504.2)		240.8		737.9		(456.2)		281.7
Indefinite-lived intangible assets - tradenames	749.6		—		749.6		778.4		—		778.4
Total intangible assets	$	1,494.6	$	(504.2)	$	990.4	$	1,516.3	$	(456.2)	$	1,060.1

Schedule of Future Amortization Expense

Excluding the impact of any future acquisitions or changes in foreign currency, the Company anticipates the annual amortization expense of intangible assets for the next five fiscal years will be as follows:


(in millions)	Amortization
2025	$	42.2
2026	40.0
2027	40.0
2028	39.9
2029	36.9

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

DIVESTITURES - Schedule of Components of Income from Discontinued Operations, Net of Tax (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 25.5	$ 2,035.6	$ 149.7
Income from discontinued operations, net of tax attributable to noncontrolling interest	0.0	0.3	0.9
Income from discontinued operations, net of tax attributable to controlling interest	25.5	2,035.3	148.8
Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes	25.1	2,909.3	203.1
Income tax (benefit) expense from discontinued operations	(0.4)	873.7	53.4
Income from discontinued operations, net of tax	25.5	2,035.6	149.7
Income from discontinued operations, net of tax attributable to noncontrolling interest	0.0	0.3	0.9
Income from discontinued operations, net of tax attributable to controlling interest	25.5	2,035.3	148.8
Discontinued Operations, Held-for-sale or Disposed of by Sale \| HHI Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes	14.9	136.9	253.3
Gain on sale of discontinued operations before income taxes	0.0	2,824.2	0.0
Discontinued Operations, Held-for-sale or Disposed of by Sale \| Other Disposal Group
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes	10.2	(2.4)	(3.8)
Discontinued Operations, Held-for-sale or Disposed of by Sale \| Corporate Debt
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes	$ 0.0	$ 49.4	$ 46.4

EMPLOYEE BENEFIT PLANS - Schedule of Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.7	$ 0.6	$ 0.5
Interest cost	2.8	2.8	1.9
Expected return on assets	(2.9)	(3.1)	(3.2)
Unrecognized prior service cost	0.0	0.0	0.0
Recognized net actuarial loss	0.0	0.0	0.8
Net periodic benefit cost	$ 0.6	$ 0.3	$ 0.0
Weighted average assumptions
Discount rate		5.37%	2.70%
Expected return on plan assets	5.50%	5.25%	5.00%
U.S. Plans \| Minimum
Weighted average assumptions
Discount rate	556.00%
U.S. Plans \| Maximum
Weighted average assumptions
Discount rate	5.72%
Non U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.7	$ 0.8	$ 1.2
Interest cost	5.0	4.6	2.1
Expected return on assets	(4.5)	(3.9)	(4.0)
Unrecognized prior service cost	0.1	0.0	0.0
Recognized net actuarial loss	0.9	0.8	2.8
Net periodic benefit cost	$ 2.2	$ 2.3	$ 2.1
Weighted average assumptions
Rate of compensation increase	275.00%	2.75%
Non U.S. Plans \| Minimum
Weighted average assumptions
Discount rate	4.00%	3.70%	1.00%
Expected return on plan assets	2.54%	2.54%	0.99%
Non U.S. Plans \| Maximum
Weighted average assumptions
Discount rate	5.60%	5.20%	2.00%
Expected return on plan assets	5.00%	5.58%	4.06%
Rate of compensation increase			2.50%

SEGMENT INFORMATION - Schedule of Net Sales Relating to Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Revenue from External Customer [Line Items]
Net sales	$ 2,963.9	$ 2,918.8	$ 3,132.5
GPC
Revenue from External Customer [Line Items]
Net sales	1,151.5	1,139.0	1,175.3
H&G
Revenue from External Customer [Line Items]
Net sales	578.6	536.5	587.1
HPC
Revenue from External Customer [Line Items]
Net sales	$ 1,233.8	$ 1,243.3	$ 1,370.1

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

DESCRIPTION OF BUSINESS (Tables)

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Consolidated Business, by Segment

The following is an overview of the consolidated business, by segment, summarizing product categories and brands:

Segment

Products

Brands

GPC

Aquatics: Tetra®, Marineland®, Instant Ocean®, GloFish®, and OmegaSea®.

H&G

Controls: Outdoor insect and weed control solutions, and animal repellents such as aerosols, granules, and ready-to-use sprays or hose-end ready-to-sprays.

Repellents: Personal use pesticides and insect repellent products, including aerosols, lotions, pump sprays and wipes, yard sprays and citronella candles.

Cleaning: Household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes and markers.

Household: Hot Shot®, Black Flag®, Real-Kill®, Ultra Kill®, The Ant Trap® (TAT), and Rid-A-Bug®.

Controls: Spectracide®, Garden Safe®, Liquid Fence®, and EcoLogic®.

Repellents: Cutter® and Repel®.

Cleaning: Rejuvenate®

HPC

Kitchen & Home Appliances: Black+Decker®, Russell Hobbs®, George Foreman®, PowerXL®, Emeril Legasse®, Copper Chef ®, Toastmaster®, Juiceman®, Farberware®, and Breadman®

Personal Care: Remington®

SHARE BASED COMPENSATION - Schedule of Award Plans (Details)	Sep. 30, 2024 shares
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized (in shares)	7,100,000
Shares available (in shares)	400,000
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized (in shares)	2,600,000
Shares available (in shares)	1,800,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

INVENTORY (Tables)

12 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories as of September 30, 2024 and 2023 consist of the following:


(in millions)	2024		2023
Raw materials	$	46.8	$	55.8
Work-in-process	5.6		6.2
Finished goods	409.7		400.8
Inventories	$	462.1	$	462.8

INCOME TAXES - Schedule of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Deferred tax assets
Employee benefits	$ 27.4	$ 22.9
Inventories and receivables	28.0	31.9
Marketing and promotional accruals	5.1	5.3
Property, plant and equipment	2.3	2.8
Unrealized losses	22.2	30.5
Intangibles	9.6	9.3
Operating lease liabilities	27.7	27.6
Net operating loss and other carry forwards	322.2	331.6
Other	21.1	17.0
Total deferred tax assets	465.6	478.9
Deferred tax liabilities
Property, plant and equipment	4.4	7.9
Unrealized gains	6.8	11.1
Intangibles	171.8	167.2
Operating lease assets	23.4	24.6
Investment in partnership	78.3	80.3
Taxes on unremitted foreign earnings	1.7	1.2
Other	13.7	13.0
Total deferred tax liabilities	300.1	305.3
Net deferred tax liabilities	165.5	173.6
Valuation allowance	(321.4)	(333.4)	$ (337.4)
Net deferred tax liabilities, net valuation allowance	(155.9)	(159.8)
Reported as:
Deferred charges and other	14.9	15.0
Deferred income taxes (noncurrent liability)	$ 170.8	$ 174.8

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

The Company is a defendant in various litigation matters generally arising out of the ordinary course of business. Based on information currently available, the Company does not believe that any additional matters or proceedings presently pending will have a material adverse effect on its results of operations, financial condition, liquidity or cash flows.

Environmental Liabilities. The Company has realized commitments attributable to environmental remediation activities primarily associated with former manufacturing sites of the HPC business. In coordination with local and federal regulatory agencies, we have conducted testing on certain sites which have resulted in the identification of contamination that has been attributed to historic activities at the properties, resulting in the realization of incremental costs to be assumed by the Company towards the remediation of these properties and the recognition of an environmental remediation liability. We have not conducted invasive testing at all sites and locations and have identified an environmental remediation liability to the extent such remediation requirements have been identified and are considered estimable. The following is a summary of the environment remediation liability as of September 30, 2024 and 2023:


(in millions)	2024		2023
Environmental remediation liability	$	4.5	$	5.4
Reported as:
Other current liabilities	0.8		1.5
Other long-term liabilities	3.7		3.9

The Company’s environmental remediation liabilities are measured at the expected value of future cash outflows discounted to their present value using a discount rate of 5%. Based on current estimates, the expected payments for environmental remediation for the next five years and thereafter at September 30, 2024, are as follows:


(in millions)	Amount
2025	$	0.8
2026	2.4
2027	0.3
2028	0.2
2029	0.2
Thereafter	1.6
Total payments	5.5
Amount representing interest	(1.0)
Total environmental obligation	$	4.5

The Company believes that any additional liability in excess of the amounts provided that may result from resolution of these matters, will not have a material adverse effect on the consolidated financial condition, results of operations or cash flows of the Company.

Product Liability. The Company may be named as a defendant in lawsuits involving product liability claims. The Company has recorded and maintains an estimated liability in the amount of management’s estimate for aggregate exposure for such liabilities based upon probable loss from loss reports, individual cases, and losses incurred but not reported. As of September 30, 2024, and 2023, the Company recognized $2.2 million and $3.0 million in product liability, respectively, included in Other Current Liabilities on the Consolidated Statements of Financial Position. The Company believes that any additional liability in excess of the amounts provided that may result from resolution of these matters will not have a material adverse effect on the consolidated financial condition, results of operations or cash flows of the Company.

HPC Product Safety Recalls. During the years ended September 30, 2023 and 2022, the Company had issued four distinct product recalls associated with its HPC business for a Black+Decker® Garment Steamer, PowerXL® Self-Cleaning Juicer, PowerXL® Stuffed Wafflizer Waffle Maker, and Power XL® Dual Basket Air Fryer in collaboration with the U.S. Consumer Product Safety Commission (“CPSC”), suspending sales of the affected products and issuing a stop sale with its customers, and resulting in the recognition of incremental costs to facilitate the recalls with the initial costs being recognized as of the year ended September 30, 2022, when the possibility of loss was considered probable. The Company has evaluated the probability of redemption and assessed the incremental costs attributable to the recall, including the anticipated returns of retail inventory, write-off of affected inventory on hand, consumer refunds and other costs to facilitate the recall such as notification, shipping and handling, rework and destruction of affected products, as needed. Certain products were remediated through the issuance of replacement parts and did not require a full recall of the affected product, with costs included to facilitate the remediation, rework and related shipping and handling. During the year ended September 30, 2024, the Company was further required by the CPSC to reissue a recall for the Black+Decker® Garment Steamer that was previously remediated through the issuance of a replacement part in accordance with previously agreed-up remediation plans, expanding the requirements to issue a complete recall of the affected product and refund consumers. As a result, the reissued recall resulted in the recognition of incremental costs and reserves to address inventory returns from customers, further write-off of the affected inventory, consumer refunds and other costs to facilitate the reissued recall. As of September 30, 2024 and 2023, the Company has recognized $6.1 million and $6.0 million in Other Current Liabilities on the Consolidated Statements of Financial Position associated with the estimated costs for the recalls, including the incremental estimated product returns from customers associated with the recall. Additionally, for certain of the products affected by the recalls, the Company has indemnification provisions that are contractually provided by third parties for the affected products and as of September 30, 2024 and 2023, the Company has recognized $8.1 million and $7.1 million in Other Receivables, respectively, on the Consolidated Statements of Financial Position related to such indemnifications.

Representation and Warranty Insurance Proceeds. On February 18, 2022, the Company acquired all of the membership interests in HPC Brands, LLC, which consist of the home appliances and cookware business of Tristar Products, Inc. (the “Tristar Business”) pursuant to a Membership Interest Purchase agreement dated February 3, 2022 (the “Acquisition Agreement”). During the year ended September 30, 2023, the Company submitted a claim under its representation and warranty insurance policies, seeking coverage for certain losses resulting from breaches of representations and warranties in the Acquisition Agreement. During the year ended September 30, 2024, the Company recognized a gain of $65.0 million attributable to insurance proceeds received from its representation and warranty insurance policies.

Tristar Business Acquisition Litigation. Following the purchase of the Tristar Business in February 2022, the Company and its HPC segment have been detrimentally impacted by aspects of the acquired business’ operations and products, which have negatively impacted subsequent operating performance and partner relationships of the acquired brands and segment. Since the acquisition, the acquired business realized, among other things, significant distribution challenges, increased levels of retail inventory, reduced sales, increased promotional spending and deductions, higher level of product returns, and overall increased amount of costs. Additionally, the segment has realized losses attributable to recalls for products associated with the acquired brands, increased risks over the realizability of receivables and inventory, and recognized an impairment on assets including the acquired goodwill and the PowerXL® tradename intangible assets, further discussed in Note 10 - Goodwill and Intangible Assets. Further, the Company disposed of certain inventory and products associated with the acquired brands, further discussed in Note 8 - Inventory.

The Company has been actively engaged in various litigation matters associated with the Tristar Business acquisition and continues to incur costs to facilitate such litigation matters. As part of these various litigation matters, the Company is seeking recovery for losses incurred in connection with the product recalls, as well as other damages incurred by the Company, its HPC segment and the acquired business. While the Company continues to pursue such actions, there can be no guarantees and assurances that recoveries associated with the litigation matters can be realized and recovered. As of September 30, 2024, the Company believes it has assessed appropriate risks and recognized applicable losses and reserves reflecting the net assets of the Company and its HPC segment.

EXIT AND DISPOSAL ACTIVITIES

12 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

EXIT AND DISPOSAL ACTIVITIES

During the years ended September 30, 2023 and 2022, the Company entered into initiatives in response to economic pressures within the consumer products and retail markets and changing operating strategies, resulting in the realization of headcount reductions. Additionally, during the year ended September 30, 2022, the Company initiated other restructuring initiatives within its international operations, including the exit of its in-country commercial operations in Russia, resulting in the recognition of severance and other termination costs. Total cumulative costs associated with the initiatives were $20.7 million. with substantially all costs associated having been recognized, with no further significant costs expected to be incurred.

The following summarizes exit and disposal charges for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022


Exit and disposal costs	$	1.0	$	9.3	$	10.4
Reported as:
Cost of goods sold	$	—	$	0.6	$	0.1
Selling, general & administrative expense	1.0		8.7		10.3

The following summarizes exit and disposal charges by segment for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
GPC	$	0.1	$	3.5	$	3.6
H&G	—		0.2		0.7
HPC	0.6		5.2		5.4
Corporate and shared operations	0.3		0.4		0.7
Total exit and disposal costs	$	1.0	$	9.3	$	10.4

The following is a summary of exit and disposal charges by cost type for the years ended September 30, 2024, 2023, and 2022:


(in millions)	Termination Benefits		Other Costs		Total
For the year ended September 30, 2024	$	0.6	$	0.4	$	1.0
For the year ended September 30, 2023	8.2		1.1		9.3
For the year ended September 30, 2022	10.2		0.2		10.4

The following is a rollforward of the accrual for exit and disposal charges by cost type for the years ended September 30, 2024, and 2023, included in Other Current Liabilities on the Consolidated Statements of Financial Position:


(in millions)	Termination Benefits		Other Costs		Total
Accrual balance at September 30, 2022	$	3.7	$	0.3	$	4.0
Provisions	7.6		0.6		8.2
Cash expenditures	(8.1)		(0.3)		(8.4)
Non-cash items	0.2		(0.1)		0.1
Accrual balance at September 30, 2023	$	3.4	$	0.5	$	3.9
Provisions	0.6		—		0.6
Cash expenditures	(2.8)		(0.4)		(3.2)

Accrual balance at September 30, 2024	$	1.2	$	0.1	$	1.3

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 124.8	$ 1,801.5	$ 71.6

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

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+ Details

SEGMENT INFORMATION - Schedule of Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 368.5	$ 385.9
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	285.7	321.4
Europe/MEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	73.0	53.7
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	2.4	2.6
North America - Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	1.3	0.0
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 6.1	$ 8.2

SUPPLIER FINANCING PROGRAMS (Tables)

12 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Schedule of Supplier Finance Program

The following table summarizes the roll-forward of the supplier finance program for the year ended September 30, 2024:


(in millions)	Amount
Outstanding payment obligations as of September 30, 2023	$	17.9
Invoices confirmed during the period	45.7
Confirmed invoices paid during the period	(58.8)
Outstanding payment obligations as of September 30, 2024	$	4.8

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Discount rate	5.00%
Product liability accruals	$ 2.2	$ 3.0
Loss contingency, product recalls	6.1	6.0
Loss contingency, receivable	8.1	7.1
Representation and warranty insurance proceeds	$ 65.0	$ 0.0	$ 0.0

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Schedule of Range and Weighted Average Useful Lives for Definite-Lived Intangible Assets (Details)	Sep. 30, 2024
Minimum \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Range	12 years
Minimum \| Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Range	8 years
Minimum \| Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Range	6 years
Maximum \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Range	20 years
Maximum \| Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Range	18 years
Maximum \| Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Range	12 years

SUPPLIER FINANCING PROGRAMS

12 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

SUPPLIER FINANCING PROGRAMS

As of September 30, 2024 and 2023, the Company had $4.8 million and $17.9 million, respectively, in outstanding payment obligations that were sold to a financial institution by participating suppliers and included in Accounts Payable in the Consolidated Statements of Financial Position. During the year ended September 30, 2023, the Company paid $91.0 million to a financial institution for payment obligations that were settled through the supplier financing program. The following table summarizes the roll-forward of the supplier finance program for the year ended September 30, 2024:


(in millions)	Amount
Outstanding payment obligations as of September 30, 2023	$	17.9
Invoices confirmed during the period	45.7
Confirmed invoices paid during the period	(58.8)
Outstanding payment obligations as of September 30, 2024	$	4.8

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Retirement Benefits [Abstract]
Employer contributions	$ 1.6
Aggregate contributions charged to operations	$ 7.4	$ 7.5	$ 7.4

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Income Taxes [Line Items]
Gross increase – tax positions in prior period	$ 77.5	$ 21.5	$ 84.4
Income tax credits and adjustments			3.2
Mandatory repatriation tax payable period	8 years
Repatriation tax liability	$ 11.1
Repatriation tax liability due and payable in the next 12 months, will be offset	5.2
Taxes on unremitted foreign earnings	1.7	1.2
Undistributed foreign earnings were taxed in the U.S.	500.6
Tax reform act, income tax expense (benefit)	23.9
Undistributed foreign earnings, high-tax exceptions	53.5
Undistributed foreign earnings, taxed	183.1
Operating loss carryforwards, domestic	119.5
U.S. state net operating loss carryforwards	42.8
Operating loss carryforwards, foreign	114.6
Deferred tax assets, valuation allowance	321.4	333.4	337.4
Increase (decrease) in valuation allowance, deferred tax asset	(12.0)	(4.0)
Unrecognized tax benefits	190.2	121.1	100.9	$ 18.0
Unrecognized tax benefits that would impact effective tax rate	102.1
Unrecognized tax benefits, income tax penalties and interest accrued	9.8	1.7
Increase (decrease) in unrecognized tax benefits, income tax penalties and interest expense	8.1	0.3	0.1
Unrecognized tax benefits, decrease resulting from prior period tax positions	9.2	34.4	2.9
Unrecognized tax benefits, increase resulting from current period tax positions	1.7	33.4	1.7
Tax Year 2019
Income Taxes [Line Items]
Gross increase – tax positions in prior period			67.3
Unrecognized tax benefits, decrease resulting from prior period tax positions		33.0
Unrecognized tax benefits, decrease resulting from current period tax positions	2.3
Unrecognized tax benefits, decrease resulting from settlements with taxing authorities	17.9
Federal Net Operating Losses
Income Taxes [Line Items]
U.S. federal operating loss carryforwards expected to expire unused	561.2
Tax benefit related to NOLs expire unused	117.8
U.S. State Net Operating Losses
Income Taxes [Line Items]
Tax benefit related to NOLs expire unused	13.8
Deferred tax assets, valuation allowance	42.3
Foreign Net Operating Losses
Income Taxes [Line Items]
Tax benefit related to NOLs expire unused	112.4
U.S. Net Deferred Tax Assets
Income Taxes [Line Items]
Deferred tax assets, valuation allowance	203.6	244.7	257.5
Increase (decrease) in valuation allowance, deferred tax asset	(41.1)	(12.8)
Foreign Net Deferred Tax Assets
Income Taxes [Line Items]
Deferred tax assets, valuation allowance	117.8	88.7	$ 79.9
Increase (decrease) in valuation allowance, deferred tax asset	29.1	8.8
HHI Segment
Income Taxes [Line Items]
Unrecognized tax benefits, increase resulting from current period tax positions	50.1	27.3
Domestic Tax Jurisdiction
Income Taxes [Line Items]
Operating loss carryforwards	569.2
Foreign Tax Jurisdiction
Income Taxes [Line Items]
Operating loss carryforwards	$ 458.7
June 2019 Regulations
Income Taxes [Line Items]
Gross increase – tax positions in prior period		$ 59.0

Consolidated Statements of Financial Position - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Assets
Cash and cash equivalents	$ 368.9	$ 753.9
Short term investments	0.0	1,103.3
Trade receivables, net	635.4	477.1
Other receivables	70.7	84.5
Inventories	462.1	462.8
Prepaid expenses and other current assets	41.5	44.3
Total current assets	1,578.6	2,925.9
Property, plant and equipment, net	266.6	275.1
Operating lease assets	101.9	110.8
Deferred charges and other	39.9	31.8
Goodwill	864.9	854.7
Intangible assets, net	990.4	1,060.1
Total assets	3,842.3	5,258.4
Liabilities and Shareholders’ Equity
Current portion of long-term debt	9.4	8.6
Accounts payable	397.3	396.6
Accrued wages and salaries	78.8	46.1
Accrued interest	4.7	20.6
Income tax payable	25.0	114.5
Other current liabilities	171.9	178.4
Total current liabilities	687.1	764.8
Long-term debt, net of current portion	551.4	1,546.9
Long-term operating lease liabilities	87.0	95.6
Deferred income taxes	170.8	174.8
Uncertain tax benefit obligation	171.5	105.5
Other long-term liabilities	32.8	52.5
Total liabilities	1,700.6	2,740.1
Commitments and contingencies (Note 20)
Shareholders’ equity
Common stock, $0.01 par value; 200.0 million shares authorized; 53.8 million and 53.8 million shares issued, respectively.	0.5	0.5
Additional paid-in capital	1,988.1	1,920.8
Accumulated earnings	2,169.0	2,096.0
Accumulated other comprehensive loss, net of tax	(204.0)	(249.4)
Treasury stock, 25.7 million and 18.5 million shares, respectively	(1,812.7)	(1,250.3)
Total shareholders’ equity	2,140.9	2,517.6
Non-controlling interest	0.8	0.7
Total equity	2,141.7	2,518.3
Total liabilities and equity	$ 3,842.3	$ 5,258.4

SHAREHOLDER’S EQUITY (Tables)

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Activity of Common Stock Repurchase Program

The following summarizes the activity of common stock repurchases under the program for the years ended September 30, 2024, 2023 and 2022, excluding the recognition of a 1% excise tax on annual net share repurchases, recognized as a component of Treasury Stock on the Consolidated Statements of Financial Position (effective the year ended September 30, 2023):


	2024					2023					2022
(in millions, except per share data)	Number of Shares Repurchased	Average Price Per Share		Amount		Number of Shares Repurchased	Average Price Per Share		Amount		Number of Shares Repurchased	Average Price Per Share		Amount
Open market purchases	5.6	$	77.48	$	432.7	0.4	$	81.60	$	34.7	1.4	$	97.34	$	134.0
Private purchases	0.5	93.74		50.0		—	—		—		—	—		—
ASR	1.3	65.84		83.2		5.3	74.86		400.0		—	—		—
Total purchases	7.4	76.66		$	565.9	5.7	75.36		$	434.7	1.4	97.34		$	134.0

Consolidated Statements of Financial Position (Parenthetical) - $ / shares	Sep. 30, 2024	Sep. 30, 2023
Shareholders’ equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000.0	200,000,000.0
Common stock, shares issued (in shares)	53,800,000	53,800,000
Treasury stock, shares (in shares)	25,700,000	18,500,000

DERIVATIVES (Tables)

12 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Impact of Effective and Ineffective Portions of Designated Hedges and Gain (Loss)

The following table summarizes the impact of the effective and ineffective portions of designated hedges and the gain or loss recognized in the Consolidated Statements of Income for the years ended September 30, 2024, 2023 and 2022:


	Gain (Loss) in OCI						Reclassified to Continuing Operations
(in millions)	2024		2023		2022		Line Item	2024		2023		2022
Foreign exchange contracts	$	0.1	$	0.3	$	0.2	Net sales	$	0.3	$	0.2	$	0.1
Foreign exchange contracts	(20.1)		(34.8)		30.9		Cost of goods sold	(15.5)		(12.4)		20.1
Total	$	(20.0)	$	(34.5)	$	31.1		$	(15.2)	$	(12.2)	$	20.2

Schedule of Gain (Loss) on Derivatives Not Designated as Hedges


(in millions)	Line Item	2024		2023		2022
Foreign exchange contracts	Other non-operating (income) expense	$	(20.1)	$	(14.3)	$	25.6

Schedule of Fair Value of Outstanding Derivative Instruments

The fair value of the Company’s outstanding derivative instruments in the Consolidated Statements of Financial Position are as follows:


(in millions)	Line Item	2024		2023
Derivative Assets


Foreign exchange contracts - designated as hedge	Other receivables	$	1.4	$	1.4
Foreign exchange contracts - designated as hedge	Deferred charges and other	0.1		0.1
Foreign exchange contracts - not designated as hedge	Other receivables	0.3		1.8
Total Derivative Assets		$	1.8	$	3.3
Derivative Liabilities

Foreign exchange contracts - designated as hedge	Accounts payable	$	11.5	$	8.1
Foreign exchange contracts - designated as hedge	Other long-term liabilities	1.4		—
Foreign exchange contracts - not designated as hedge	Accounts payable	2.4		0.9
Total Derivative Liabilities		$	15.3	$	9.0

Schedule of Net Investment Hedge Recognized in Other Comprehensive Income

The following summarizes the pre-tax (loss) gain from the net investment hedge recognized in Other Comprehensive Income for the year ended September 30, 2024, through redemption of the 2026 Notes, and the years ended September 30, 2023 and 2022:


(Loss) Gain in OCI (in millions)	2024		2023		2022
Net investment hedge	$	(13.2)	$	(31.7)	$	75.8

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DIVESTITURES - Schedule of Components of Income from Discontinued Operations before Income Taxes (Details) - Discontinued Operations, Disposed of by Sale - HHI Segment - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 1,042.5	$ 1,652.3
Cost of goods sold	701.6	1,096.3
Gross profit	340.9	556.0
Operating expenses	199.4	298.0
Operating income	141.5	258.0
Interest expense	2.4	3.4
Other non-operating expense, net	2.2	1.3
Income from discontinued operations before income taxes	$ 136.9	$ 253.3

DERIVATIVES - Schedule of Net Investment Hedge (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Net Investment Hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income (loss)	$ (13.2)	$ (31.7)	$ 75.8

DIVESTITURES (Tables)

12 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Components of Income from Discontinued Operations, Net of Tax

The following table summarizes the components of Income from Discontinued Operations, Net of Tax in the accompanying Consolidated Statements of Income for the years ended September 30, 2024, 2023, and 2022:


(in millions)	2024		2023		2022
Income from discontinued operations before income taxes - HHI	$	14.9	$	136.9	$	253.3
Gain on sale of discontinued operations before income taxes – HHI	—		2,824.2		—
Gain (loss) from discontinued operations before income taxes - other	10.2		(2.4)		(3.8)
Interest on corporate debt allocated to discontinued operations	—		49.4		46.4
Income from discontinued operations before income taxes	25.1		2,909.3		203.1
Income tax (benefit) expense from discontinued operations	(0.4)		873.7		53.4
Income from discontinued operations, net of tax	25.5		2,035.6		149.7
Income from discontinued operations, net of tax attributable to noncontrolling interest	—		0.3		0.9
Income from discontinued operations, net of tax attributable to controlling interest	$	25.5	$	2,035.3	$	148.8

Schedule of Components of Income from Discontinued Operations Before Income Taxes

The following table summarizes the components of income from discontinued operations before income taxes associated with HHI operations for the year ended September 30, 2023, through the close date of the divestiture, and the year ended September 30, 2022.


(in millions)	2023		2022
Net sales	$	1,042.5	$	1,652.3
Cost of goods sold	701.6		1,096.3

Gross profit	340.9		556.0
Operating expenses	199.4		298.0
Operating income	141.5		258.0
Interest expense	2.4		3.4
Other non-operating expense, net	2.2		1.3
Income from discontinued operations before income taxes	$	136.9	$	253.3

Schedule of Significant Non-cash Items and Capital Expenditures of Discontinued Operations

The following table presents significant non-cash items and capital expenditures of discontinued operations from the HHI divestiture for the years ended September 30, 2023, through the close date of the divestiture, and the year ended September 30, 2022:


(in millions)	2023		2022

Share based compensation	$	1.5	$	5.3
Purchases of property, plant and equipment	$	11.9	$	23.9

LEASES - Schedule of Leases Recognized in Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Assets
Operating	$ 101.9	$ 110.8
Finance	61.0	66.2
Total lease assets	162.9	177.0
Current
Operating	31.3	26.9
Finance	9.4	8.6
Long-term
Operating	87.0	95.6
Finance	72.2	77.8
Total lease liabilities	$ 199.9	$ 208.9
Operating Lease, Liability, Current, Statement of Financial Position	Other current liabilities	Other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position	Current portion of long-term debt	Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position	Long-term debt, net of current portion	Long-term debt, net of current portion

EMPLOYEE BENEFIT PLANS - Schedule of Additional Information on Pension Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Changes in benefit obligation:
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense	Interest expense
Changes in plan assets:
Fair value of plan assets, beginning of year	$ 151.7
Fair value of plan assets, end of year	162.6	$ 151.7
Amounts recognized in statement of financial position
Deferred charges and other	39.9	31.8
Other long-term liabilities	32.8	52.5
Accumulated other comprehensive loss	$ (204.0)	(249.4)
Weighted average assumptions
Defined Benefit Plan, Type [Extensible Enumeration]	Pension Plan [Member]
U.S. Plans
Changes in benefit obligation:
Benefit obligation, beginning of year	$ 50.9	53.5
Service cost	0.7	0.6	$ 0.5
Interest cost	2.8	2.8	1.9
Actuarial gain	4.4	(1.7)
Settlements and curtailments	0.0	0.0
Benefits paid	(4.8)	(4.3)
Foreign currency exchange rate changes	0.0	0.0
Benefit obligation, end of year	54.0	50.9	53.5
Changes in plan assets:
Fair value of plan assets, beginning of year	49.0	50.3
Actual return on plan assets	8.9	2.9
Employer contributions	0.1	0.1
Settlements and curtailments	0.0	0.0
Benefits paid	(4.8)	(4.3)
Foreign currency exchange rate changes	0.0	0.0
Fair value of plan assets, end of year	53.2	49.0	50.3
Funded status	(0.8)	(1.9)
Amounts recognized in statement of financial position
Deferred charges and other	0.0	0.0
Other accrued expenses	0.1	0.1
Other long-term liabilities	0.7	1.8
Accumulated other comprehensive loss	7.7	$ 9.4
Weighted average assumptions
Discount rate		5.72%
Non U.S. Plans
Changes in benefit obligation:
Benefit obligation, beginning of year	106.5	$ 101.1
Service cost	0.7	0.8	1.2
Interest cost	5.0	4.6	2.1
Actuarial gain	8.0	(4.5)
Settlements and curtailments	(11.1)	0.0
Benefits paid	(4.5)	(4.2)
Foreign currency exchange rate changes	8.1	8.7
Benefit obligation, end of year	112.7	106.5	101.1
Changes in plan assets:
Fair value of plan assets, beginning of year	102.7	93.1
Actual return on plan assets	7.9	(1.1)
Employer contributions	6.4	6.8
Settlements and curtailments	(11.1)	0.0
Benefits paid	(4.5)	(4.2)
Foreign currency exchange rate changes	8.0	8.1
Fair value of plan assets, end of year	109.4	102.7	$ 93.1
Funded status	(3.3)	(3.8)
Amounts recognized in statement of financial position
Deferred charges and other	12.4	9.6
Other accrued expenses	0.0	0.0
Other long-term liabilities	15.7	13.4
Accumulated other comprehensive loss	$ 29.5	$ 23.8
Weighted average assumptions
Rate of compensation increase	2.75%	2.75%
Minimum \| U.S. Plans
Weighted average assumptions
Discount rate	4.39%
Minimum \| Non U.S. Plans
Weighted average assumptions
Discount rate	3.40%	4.00%
Maximum \| U.S. Plans
Weighted average assumptions
Discount rate	4.74%
Maximum \| Non U.S. Plans
Weighted average assumptions
Discount rate	5.10%	5.20%

REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 2,963.9	$ 2,918.8	$ 3,132.5
Licensing
Disaggregation of Revenue [Line Items]
Revenue	19.6	19.9	22.4
Service and other
Disaggregation of Revenue [Line Items]
Revenue	5.7	7.0	7.6
NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	1,747.4	1,752.2	1,936.3
EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	880.1	826.3	814.3
LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	211.8	206.8	243.4
APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	99.3	106.6	108.5
GPC
Disaggregation of Revenue [Line Items]
Revenue	1,151.5	1,139.0	1,175.3
GPC \| Licensing
Disaggregation of Revenue [Line Items]
Revenue	9.8	10.0	9.9
GPC \| Service and other
Disaggregation of Revenue [Line Items]
Revenue	5.1	5.7	6.2
GPC \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	706.4	710.7	749.8
GPC \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	388.5	361.3	353.6
GPC \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	12.7	18.0	19.3
GPC \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	29.0	33.3	36.5
H&G
Disaggregation of Revenue [Line Items]
Revenue	578.6	536.5	587.1
H&G \| Licensing
Disaggregation of Revenue [Line Items]
Revenue	2.3	2.1	2.2
H&G \| Service and other
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0
H&G \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	567.0	527.1	576.8
H&G \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0
H&G \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	9.3	7.3	8.0
H&G \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.1
HPC
Disaggregation of Revenue [Line Items]
Revenue	1,233.8	1,243.3	1,370.1
HPC \| Licensing
Disaggregation of Revenue [Line Items]
Revenue	7.5	7.8	10.3
HPC \| Service and other
Disaggregation of Revenue [Line Items]
Revenue	0.6	1.3	1.4
HPC \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	474.0	514.4	609.7
HPC \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	491.6	465.0	460.7
HPC \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	189.8	181.5	216.1
HPC \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue	$ 70.3	$ 73.3	$ 71.9

SUPPLIER FINANCING PROGRAMS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Payables and Accruals [Abstract]
Outstanding payment obligations	$ 4.8	$ 17.9
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable
Supplier finance program, settlement	$ 58.8	$ 91.0

DERIVATIVES - Schedule of Fair Value of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 1.8	$ 3.3
Derivative Liabilities	15.3	9.0
Foreign exchange contracts \| Designated as Hedge \| Other receivables
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 1.4	$ 1.4
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other receivables	Other receivables
Foreign exchange contracts \| Designated as Hedge \| Deferred charges and other
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 0.1	$ 0.1
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Deferred charges and other	Deferred charges and other
Foreign exchange contracts \| Designated as Hedge \| Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 1.4	$ 0.0
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Foreign exchange contracts \| Designated as Hedge \| Accounts payable
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 11.5	$ 8.1
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable
Foreign exchange contracts \| Not Designated as Hedge
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other receivables	Other receivables
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable
Foreign exchange contracts \| Not Designated as Hedge \| Other receivables
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 0.3	$ 1.8
Foreign exchange contracts \| Not Designated as Hedge \| Accounts payable
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 2.4	$ 0.9

RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Receivables [Line Items]
Allowance for uncollectible receivables	$ 8.1	$ 7.7	$ 7.3	$ 6.7
Factoring costs	$ 1.9	$ 15.1	$ 10.2
Two Customers \| Trade Receivable \| Customer Concentration Risk
Receivables [Line Items]
Concentration risk	42.60%	39.80%

INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

Income tax expense (benefit) was calculated based upon the following components of income (loss) from continuing operations before income taxes for the years ended September 30, 2024, 2023 and 2022:



(in millions)	2024		2023		2022
United States	$	8.0	$	(399.8)	$	(263.0)
Outside the United States	155.6		109.6		172.7
Income (loss) from continuing operations before income taxes	$	163.6	$	(290.2)	$	(90.3)

Schedule of Components of Income Tax Expense

The components of income tax expense (benefit) for the years ended September 30, 2024, 2023 and 2022 are as follows:



(in millions)	2024		2023		2022
Current tax expense:
U.S. Federal	$	27.4	$	81.8	$	7.7
Foreign	31.9		44.9		24.7
State and local	1.3		(0.4)		(1.1)
Total current tax expense	60.6		126.3		31.3
Deferred tax expense (benefit):
U.S. Federal	6.2		(197.7)		(26.5)
Foreign	1.2		5.0		(1.2)
State and local	(3.7)		9.9		(16.9)
Total deferred tax expense (benefit)	3.7		(182.8)		(44.6)
Income tax expense (benefit)	$	64.3	$	(56.5)	$	(13.3)

Schedule of Reconciliation of Income Tax Expense (Benefit)

The following reconciles the total income tax expense (benefit), based on the U.S. Federal statutory income tax rate of 21% with the Company’s recognized income tax expense (benefit):



(in millions)	2024		2023		2022
U.S. Statutory federal income tax expense (benefit)	$	34.4	$	(60.9)	$	(19.0)
Permanent items	8.1		5.0		(1.7)
Goodwill impairment	—		2.8		—
Foreign statutory rate vs. U.S. statutory rate	(3.7)		(1.6)		(4.7)
State income taxes, net of federal effect	(3.2)		(14.5)		(8.3)
State effective rate change	1.0		(4.0)		1.2

GILTI	5.0		2.1		16.5
GILTI impact of retroactive law changes	—		—		(3.2)

Residual tax on foreign earnings	1.9		1.5		4.8
Change in valuation allowance	1.9		0.2		3.6
Unrecognized tax expense	7.3		3.8		2.2
Share based compensation adjustments	0.3		0.3		(5.6)
Research and development tax credits	(2.3)		(1.8)		(1.9)

Partnership outside basis adjustment	7.7		7.0		1.2
Return to provision adjustments and other, net	5.9		3.6		1.6
Income tax expense (benefit)	$	64.3	$	(56.5)	$	(13.3)

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2024 and 2023 are as follows:



(in millions)	2024		2023
Deferred tax assets
Employee benefits	$	27.4	$	22.9

Inventories and receivables	28.0		31.9
Marketing and promotional accruals	5.1		5.3
Property, plant and equipment	2.3		2.8
Unrealized losses	22.2		30.5
Intangibles	9.6		9.3

Operating lease liabilities	27.7		27.6
Net operating loss and other carry forwards	322.2		331.6
Other	21.1		17.0
Total deferred tax assets	465.6		478.9
Deferred tax liabilities
Property, plant and equipment	4.4		7.9
Unrealized gains	6.8		11.1
Intangibles	171.8		167.2
Operating lease assets	23.4		24.6
Investment in partnership	78.3		80.3
Taxes on unremitted foreign earnings	1.7		1.2
Other	13.7		13.0
Total deferred tax liabilities	300.1		305.3
Net deferred tax liabilities	165.5		173.6
Valuation allowance	(321.4)		(333.4)
Net deferred tax liabilities, net valuation allowance	$	(155.9)	$	(159.8)
Reported as:
Deferred charges and other	$	14.9	$	15.0
Deferred income taxes (noncurrent liability)	170.8		174.8

Schedule of Unrecognized Tax Benefits

The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
Unrecognized tax benefits, beginning of year	$	121.1	$	100.9	$	18.0
Gross increase – tax positions in prior period	77.5		21.5		84.4
Gross decrease – tax positions in prior period	(9.2)		(34.4)		(2.9)
Gross increase – tax positions in current period	1.7		33.4		1.7
Settlements	(0.6)		—		—
Lapse of statutes of limitations	(0.3)		(0.3)		(0.3)
Unrecognized tax benefits, end of year	$	190.2	$	121.1	$	100.9

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Sep. 30, 2024	Nov. 08, 2024	Mar. 31, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--09-30
Document Transition Report	false
Entity File Number	1-4219
Entity Registrant Name	Spectrum Brands Holdings, Inc.
Entity Tax Identification Number	74-1339132
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	3001 Deming Way
Entity Address, City or Town	Middleton
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53562
City Area Code	608
Local Phone Number	275-3340
Title of 12(b) Security	Common Stock, Par Value $0.01
Trading Symbol	SPB
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 2,374
Entity Common Stock, Shares Outstanding		28,051,511
Documents Incorporated by Reference	Portions of Spectrum Brands Holdings, Inc.’s subsequent amendment to the Form 10-K to be filed within 120 days of September 30, 2024 are incorporated by reference in this Annual Report on Form 10-K in response to Part III, Items 10, 11, 12 and 13.
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Central Index Key	0000109177

SUPPLIER FINANCING PROGRAMS - Schedule of Supplier Finance Program (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplier Finance Program, Obligation [Roll Forward]
Outstanding payment obligations as of September 30, 2023	$ 17.9
Invoices confirmed during the period	45.7
Confirmed invoices paid during the period	(58.8)	$ (91.0)
Outstanding payment obligations as of September 30, 2024	$ 4.8	$ 17.9

SHARE BASED COMPENSATION - Schedule of Share Based Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share based compensation expense	$ 17.5	$ 17.2	$ 10.2

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Unrecorded Unconditional Purchase Obligation [Line Items]
Operating lease, impairment	$ 5.1	$ 5.2
Lease and sublease income	2.4	$ 2.4	$ 2.7
Operating Lease, Lease Not yet Commenced
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	$ 0.0

LEASES

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

LEASES

The Company has leases primarily pertaining to manufacturing facilities, distribution centers, office space, warehouses, automobiles, machinery, computers, and office equipment that expire at various times through June 2035. We have embedded operating leases within certain third-party logistic agreements for warehousing and information technology services arrangements and recognized right of use assets identified in the arrangements as part of Operating Lease Assets on the Consolidated Statements of Financial Position. We elected to exclude certain supply chain contracts that may contain embedded leases for manufacturing facilities or dedicated manufacturing lines from our ROU asset and liability calculation based on the insignificant impact to our consolidated financial statements.

The following is a summary of leases recognized on the Consolidated Statements of Financial Position as of September 30, 2024 and 2023:


(in millions)	Line Item	2024		2023
Assets
Operating	Operating lease assets	$	101.9	$	110.8
Finance	Property, plant and equipment, net	61.0		66.2
Total lease assets		$	162.9	$	177.0
Liabilities
Current
Operating	Other current liabilities	$	31.3	$	26.9
Finance	Current portion of long-term debt	9.4		8.6
Long-term
Operating	Long-term operating lease liabilities	87.0		95.6
Finance	Long-term debt, net of current portion	72.2		77.8
Total lease liabilities		$	199.9	$	208.9

As of September 30, 2024, there were no significant commitments related to executed leases that has not yet commenced and are unrecognized.

During the year ended September 30, 2024, the Company recognized a $5.1 million impairment charge on a right of use operating lease asset for a HPC distribution center having a maturity of February 2025, due to the exit of operations from the facility and the inability to sub-lease to a third-party prior to the maturity, included within Selling, General & Administrative Expense on the Consolidated Statements of Income. During the year ended September 30, 2023, the Company recognized a $5.2 million impairment charge on a right of use operating lease asset for a GPC warehouse having a maturity date of December 2029, due to the exit of operations from the facility and the intention to sub-lease to a third-party, included as Selling, General & Administrative Expense on the Consolidated Statements of Income. The impairments were measured using projected discounted cash flow for the facility, including assumed sub-lease tenant, when applicable, at sub-lease rental rates comparable to current market conditions.

The components of lease costs recognized in the Consolidated Statements of Income for the year ended September 30, 2024, 2023, and 2022 are as follows:


(in millions)	2024		2023		2022
Operating lease cost	$	34.6	$	37.0	$	26.3
Finance lease cost
Amortization of leased assets	10.3		10.2		10.5
Interest on lease liability	4.5		4.8		5.2
Variable lease cost	13.0		12.4		10.8
Total lease cost	$	62.4	$	64.4	$	52.8

During the year ended September 30, 2024, 2023, and 2022 the Company recognized income attributable to leases and sub-leases of $2.4 million, $2.4 million, and $2.7 million, respectively. Income from leases and sub-leases is recognized as Other Non-Operating Income on the Consolidated Statements of Income.

The following is a summary of cash paid for amounts included in the measurement of lease liabilities recognized in the Consolidated Statements of Cash Flow, including supplemental non-cash activity related to operating leases, for the year ended September 30, 2024, 2023, and 2022:


(in millions)	2024		2023		2022
Operating cash flow from operating leases	$	35.5	$	30.3	$	25.3
Operating cash flows from finance leases	4.5		4.8		5.1
Financing cash flows from finance leases	10.1		9.5		8.9
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	25.2		66.9		30.4

The following is a summary of weighted-average lease term and discount rate at September 30, 2024 and 2023:


	2024		2023
Weighted average remaining lease term
Operating leases	4.0 years		4.6 years
Finance leases	8.0 years		8.7 years
Weighted average discount rate
Operating leases	6.0	%	5.5	%
Finance leases	5.4	%	5.3	%

At September 30, 2024, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2025	$	13.1	$	37.3
2026	13.6		32.0
2027	13.4		29.6
2028	13.1		25.1
2029	12.7		7.4
Thereafter	33.9		1.8
Total lease payments	99.8		133.2
Amount representing interest	(18.2)		(14.9)
Total minimum lease payments	$	81.6	$	118.3

LEASES

The following is a summary of leases recognized on the Consolidated Statements of Financial Position as of September 30, 2024 and 2023:


(in millions)	Line Item	2024		2023
Assets
Operating	Operating lease assets	$	101.9	$	110.8
Finance	Property, plant and equipment, net	61.0		66.2
Total lease assets		$	162.9	$	177.0
Liabilities
Current
Operating	Other current liabilities	$	31.3	$	26.9
Finance	Current portion of long-term debt	9.4		8.6
Long-term
Operating	Long-term operating lease liabilities	87.0		95.6
Finance	Long-term debt, net of current portion	72.2		77.8
Total lease liabilities		$	199.9	$	208.9

As of September 30, 2024, there were no significant commitments related to executed leases that has not yet commenced and are unrecognized.

The components of lease costs recognized in the Consolidated Statements of Income for the year ended September 30, 2024, 2023, and 2022 are as follows:


(in millions)	2024		2023		2022
Operating lease cost	$	34.6	$	37.0	$	26.3
Finance lease cost
Amortization of leased assets	10.3		10.2		10.5
Interest on lease liability	4.5		4.8		5.2
Variable lease cost	13.0		12.4		10.8
Total lease cost	$	62.4	$	64.4	$	52.8


(in millions)	2024		2023		2022
Operating cash flow from operating leases	$	35.5	$	30.3	$	25.3
Operating cash flows from finance leases	4.5		4.8		5.1
Financing cash flows from finance leases	10.1		9.5		8.9
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	25.2		66.9		30.4

The following is a summary of weighted-average lease term and discount rate at September 30, 2024 and 2023:


	2024		2023
Weighted average remaining lease term
Operating leases	4.0 years		4.6 years
Finance leases	8.0 years		8.7 years
Weighted average discount rate
Operating leases	6.0	%	5.5	%
Finance leases	5.4	%	5.3	%

At September 30, 2024, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2025	$	13.1	$	37.3
2026	13.6		32.0
2027	13.4		29.6
2028	13.1		25.1
2029	12.7		7.4
Thereafter	33.9		1.8
Total lease payments	99.8		133.2
Amount representing interest	(18.2)		(14.9)
Total minimum lease payments	$	81.6	$	118.3

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 2,963.9	$ 2,918.8	$ 3,132.5
Two Customers \| Revenue from Contract with Customer Benchmark \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk	35.90%	33.90%	32.90%
HPC
Disaggregation of Revenue [Line Items]
Net sales	$ 1,233.8	$ 1,243.3	$ 1,370.1
Black And Decker [Member] \| HPC
Disaggregation of Revenue [Line Items]
Net sales	$ 353.2	$ 350.4	$ 417.3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

INVENTORY

12 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

INVENTORY

Inventories as of September 30, 2024 and 2023 consist of the following:


(in millions)	2024		2023
Raw materials	$	46.8	$	55.8
Work-in-process	5.6		6.2
Finished goods	409.7		400.8
Inventories	$	462.1	$	462.8

During the year ended September 30, 2023, the Company recognized an incremental inventory loss of $20.6 million in its HPC segment for the disposal of select product SKUs and models associated with the acquired brands from the Tristar Business acquisition after assessing, among other things, performance and quality standards and the business risks associated with the continued support and distribution of such products. HPC management has suspended any further sale of the selected products as part of a shift in its strategy of distribution and development of products within its brand portfolio and avoid deterioration and further reduction in the value of acquired brands and supported products.

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of reporting segments	3

EMPLOYEE BENEFIT PLANS

12 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

Defined Benefit Plans

The Company has various defined benefit pension plans covering some of its employees. Plans generally provide benefits of stated amounts for each year of service. The Company funds its pension plans in accordance with the requirements of the defined benefit pension plans and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with the Company’s funding policy, annual contributions to defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. The Company sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are covered by local law or coordinated with government-sponsored plans, which are not significant in the aggregate.

The following tables provide additional information on the defined benefit plans as of September 30, 2024 and 2023:


	U.S. Plans				Non U.S. Plans
(in millions)	2024		2023		2024		2023
Changes in benefit obligation:
Benefit obligation, beginning of year	$	50.9	$	53.5	$	106.5	$	101.1

Service cost	0.7		0.6		0.7		0.8
Interest cost	2.8		2.8		5.0		4.6
Actuarial gain	4.4		(1.7)		8.0		(4.5)
Settlements and curtailments	—		—		(11.1)		—

Benefits paid	(4.8)		(4.3)		(4.5)		(4.2)
Foreign currency exchange rate changes	—		—		8.1		8.7
Benefit obligation, end of year	54.0		50.9		112.7		106.5
Changes in plan assets:
Fair value of plan assets, beginning of year	49.0		50.3		102.7		93.1

Actual return on plan assets	8.9		2.9		7.9		(1.1)
Employer contributions	0.1		0.1		6.4		6.8
Settlements and curtailments	—		—		(11.1)		—
Benefits paid	(4.8)		(4.3)		(4.5)		(4.2)
Foreign currency exchange rate changes	—		—		8.0		8.1
Fair value of plan assets, end of year	53.2		49.0		109.4		102.7
Funded status	$	(0.8)	$	(1.9)	$	(3.3)	$	(3.8)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	12.4	$	9.6
Other accrued expenses	0.1		0.1		—		—
Other long-term liabilities	0.7		1.8		15.7		13.4
Accumulated other comprehensive loss	7.7		9.4		29.5		23.8
Weighted average assumptions
Discount rate	4.39 - 4.74%		5.72%		3.40 - 5.10%		4.00 - 5.20%
Rate of compensation increase	N/A		N/A		2.75%		2.75%

The following table summarizes the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for defined benefit plans with projected benefit obligations in excess of plan assets:


	U.S. Plans				Non U.S. Plan
(in millions)	2024		2023		2024		2023
Projected benefit obligation	$	54.0	$	50.9	$	66.8	$	57.0
Accumulated benefit obligation	54.0		50.9		64.0		57.0
Fair value of plan assets	53.2		49.0		51.1		43.5

The following table contains the components of net periodic benefit cost from defined benefit plans for the years ended September 30, 2024, 2023 and 2022:


	U.S. Plans						Non U.S. Plans
(in millions)	2024		2023		2022		2024		2023		2022
Service cost	$	0.7	$	0.6	$	0.5	$	0.7	$	0.8	$	1.2
Interest cost	2.8		2.8		1.9		5.0		4.6		2.1
Expected return on assets	(2.9)		(3.1)		(3.2)		(4.5)		(3.9)		(4.0)
Unrecognized prior service cost	—		—		—		0.1		—		—
Recognized net actuarial loss	—		—		0.8		0.9		0.8		2.8
Net periodic benefit cost	$	0.6	$	0.3	$	—	$	2.2	$	2.3	$	2.1
Weighted average assumptions
Discount rate	5.56 - 5.72%		5.37%		2.70%		4.00 - 5.60%		3.70 - 5.20%		1.00 - 2.00%
Expected return on plan assets	5.50%		5.25%		5.00%		2.54 - 5.00%		2.54 - 5.58%		0.99 - 4.06%
Rate of compensation increase	N/A		N/A		N/A		2.75%		2.75%		2.50%

The discount rate is used to calculate the projected benefit obligation. The discount rate used is based on the rate of return on government bonds as well as current market conditions of the respective countries where the plans are established. The expected return on plan assets is based on the expectation of the long-term average rate of return of the capital market in which the plans invest. The expected return reflects the target asset allocations and considers the historical returns earned for each asset category. The components of net periodic benefit cost other than the service cost component are recognized as Other Non-Operating Expense, Net on the Consolidated Statements of Income. See Note 19 - Accumulated Other Comprehensive Income for further detail on recognition of the net actuarial loss recognized in other comprehensive income attributable to defined benefit plans.

The Company established formal investment policies for the assets associated with these plans. Policy objectives include maximizing long-term return at acceptable risk levels, diversifying among asset classes, if appropriate, and among investment managers, as well as establishing relevant risk parameters within each asset class. Specific asset class targets are based on the results of periodic asset/liability studies. The investment policies permit variances from the targets within certain parameters. The plan assets currently do not include holdings of the Company’s common stock.

Below is a summary allocation of defined benefit plan assets as of September 30, 2024 and 2023:


	U.S. Plans				Non U.S. Plans
Asset Type	2024		2023		2024		2023
Equity Securities	20	%	30	%	—	%	—	%
Fixed Income Securities	80	%	70	%	55	%	49	%
Other	—	%	—	%	45	%	51	%
Total	100	%	100	%	100	%	100	%

The fair value of defined benefit plan assets by asset category as of September 30, 2024 and 2023 are as follows:


	September 30, 2024								September 30, 2023
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash & cash equivalents	$	1.3	$	—	$	—	$	1.3	$	0.3	$	—	$	—	$	0.3
Equity	3.5		4.4		—		7.9		4.6		5.7		—		10.3
Fixed income securities	33.3		7.1		—		40.4		24.2		7.8		—		32.0
Foreign equity	3.0		—		—		3.0		4.5		—		—		4.5
Foreign fixed income securities	—		60.5		—		60.5		—		50.8		—		50.8
Life insurance contracts	—		47.0		—		47.0		—		40.7		—		40.7
Annuity policy	—		—		—		—		—		—		10.4		10.4
Other	—		2.5		—		2.5		—		2.7		—		2.7
Total plan assets	$	41.1	$	121.5	$	—	$	162.6	$	33.6	$	107.7	$	10.4	$	151.7

Level 3 assets consisted of a purchased group annuity using plan assets and escrow funds to cover the projected benefit obligation assumed in the purchase as a result of an annuity buy-in, in accordance with United Kingdom ("UK") pension regulations, where the assets of the plan were invested in a bulk-purchase annuity policy with an insurance company, under which the Company retained both the fair value of the annuity contract and the pension benefit obligations related to this plan. During the year ended September 30, 2024, individual policies replaced the bulk annuity policy in a buy-out transaction resulting in the recognition of a plan settlement, removal of the related assets and obligations for the respective plan, and no Level 3 assets as of September 30, 2024.

During the year ended September 30, 2024, the Company funded $1.6 million to cash accounts which are otherwise restricted by the trustee of certain benefit plans in the UK to support contingent funding requirements for the respective plans. The account is excluded from other plan assets within the trusts for the respective plans and considered restricted cash and reported as Deferred Chargers and Other Assets on the Consolidated Statements of Financial Position as of September 30, 2024.

The following benefit payments are expected to be paid:


(in millions)	U.S. Plans		Non U.S. Plans
2025	$	4.9	$	4.6
2026	4.2		5.0
2027	4.2		5.7
2028	4.2		6.0
2029	4.1		5.7
2025-2034	19.5		32.2

Defined Contribution Plans

The Company sponsored defined contribution plans in which eligible participants may defer a fixed amount or a percentage of their eligible compensation, subject to limitations, pursuant to Section 401(k) of the Internal Revenue Code. The Company made discretionary matching contributions of eligible compensation. The Company also sponsors defined contribution plans for eligible employees of certain foreign subsidiaries. Contributions are discretionary and evaluated annually. Aggregate contributions charged to operations, including discretionary amounts, for the years ended September 30, 2024, 2023 and 2022, were $7.4 million, $7.5 million, and $7.4 million, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

SEGMENT INFORMATION - Schedule of Depreciation and Amortization Relating to Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	$ 101.8	$ 91.2	$ 99.3
Operating Segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	77.5	76.6	84.7
Operating Segments \| GPC
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	36.7	37.4	37.4
Operating Segments \| H&G
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	19.4	18.8	18.6
Operating Segments \| HPC
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	21.4	20.4	28.7
Corporate and shared operations
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	$ 24.3	$ 14.6	$ 14.6

SHARE BASED COMPENSATION - Schedule of RSU Activity (Details) - Restricted Stock Units - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Units
Beginning balance (in shares)	890	1,010	1,460
Granted (in shares)	480	550	330
Forfeited (in shares)	(180)	(210)	(180)
Vested (in shares)	(210)	(460)	(600)
Ending balance (in shares)	980	890	1,010
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 66.29	$ 77.22	$ 64.00
Granted (in dollars per share)	67.81	52.22	95.30
Forfeited (in dollars per share)	70.71	71.99	78.90
Vested (in dollars per share)	67.73	70.98	55.09
Ending balance (in dollars per share)	$ 65.93	$ 66.29	$ 77.22
Fair Value at Grant Date
Beginning balance	$ 59.2	$ 78.3	$ 93.2
Granted	32.5	28.6	32.3
Forfeited	(12.6)	(15.0)	(13.8)
Vested and exercised	(14.0)	(32.7)	(33.4)
Ending balance	$ 65.1	$ 59.2	$ 78.3

SHAREHOLDER’S EQUITY - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions					12 Months Ended
	May 23, 2024	May 20, 2024	Nov. 16, 2023	Jun. 20, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Jun. 17, 2023
Accelerated Share Repurchases [Line Items]
Authorized share repurchase amount		$ 500.0						$ 1,000.0
Treasury stock repurchases	$ 50.0	$ 50.0
Common stock, par value (in dollars per share)					$ 0.01	$ 0.01
Payments for repurchase of common stock					$ 482.7	$ 34.7	$ 134.0
Number of shares repurchased (in shares)					7.4	5.7	1.4
Treasury Stock
Accelerated Share Repurchases [Line Items]
Treasury stock repurchases					$ 565.9	$ 434.7	$ 134.0
ASR
Accelerated Share Repurchases [Line Items]
Treasury stock repurchases					$ 0.0	$ 500.0
Accelerated share repurchase amount				$ 500.0
Common stock, par value (in dollars per share)				$ 0.01
Payments for repurchase of common stock				$ 500.0
Number of shares repurchased (in shares)			1.3	5.3	1.3	5.3	0.0
Treasury stock, acquired, percentage				80.00%
Value of repurchased common stock from related parties					$ 83.2
ASR \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Treasury stock repurchases				$ 400.0	83.2	$ 400.0	$ 0.0
ASR \| Additional Paid-in Capital
Accelerated Share Repurchases [Line Items]
Treasury stock repurchases				$ (100.0)	$ (83.2)	$ 100.0

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) $ in Millions	12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($) property	Sep. 30, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Depreciation	$ 57.3	$ 48.9	$ 49.0
Number of properties sold \| property		2
Proceeds from disposal of property, plant and equipment	0.0	$ 8.4	0.2
Gain on sale of property, plant and equipment	0.0	2.7	0.0
Amortization of deferred hosted cloud computing costs arrangements implementation costs	$ 2.6	1.1	$ 0.6
GPC
Property, Plant and Equipment [Line Items]
Proceeds from disposal of property, plant and equipment		5.2
Gain on sale of property, plant and equipment		2.7
Impairment charge on idle equipment		$ 3.9

EARNINGS PER SHARE – SBH (Tables)

12 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the years ended September 30, 2024, 2023 and 2022, are as follows:


(in millions, except per share amounts)	2024		2023		2022
Numerator
Net income (loss) from continuing operations attributable to controlling interest	$	99.3	$	(233.8)	$	(77.2)
Income from discontinued operations attributable to controlling interest	25.5		2,035.3		148.8
Net income attributable to controlling interest	$	124.8	$	1,801.5	$	71.6
Denominator
Weighted average shares outstanding - basic	30.3		39.5		40.9
Dilutive shares	0.2		—		—
Weighted average shares outstanding - diluted	30.5		39.5		40.9
Earnings per share
Basic earnings per share from continuing operations	$	3.28	$	(5.92)	$	(1.89)
Basic earnings per share from discontinued operations	0.84		51.57		3.64
Basic earnings per share	$	4.12	$	45.65	$	1.75
Diluted earnings per share from continuing operations	$	3.26	$	(5.92)	$	(1.89)
Diluted earnings per share from discontinued operations	0.84		51.57		3.64
Diluted earnings per share	$	4.10	$	45.65	$	1.75
Weighted average number of anti-dilutive shares excluded from denominator	—		0.2		0.2

EXIT AND DISPOSAL ACTIVITIES - Schedule of Restructuring and Related Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 1.0	$ 9.3	$ 10.4
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 0.0	$ 0.6	$ 0.1
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods sold	Cost of goods sold	Cost of goods sold
Selling, general & administrative expense
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 1.0	$ 8.7	$ 10.3
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

EARNINGS PER SHARE - SBH (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Numerator
Net income (loss) from continuing operations attributable to controlling interest	$ 99.3	$ (233.8)	$ (77.2)
Net income from discontinued operations attributable to controlling interest	25.5	2,035.3	148.8
Net income attributable to controlling interest	$ 124.8	$ 1,801.5	$ 71.6
Denominator
Weighted average shares outstanding - basic (in shares)	30.3	39.5	40.9
Dilutive shares (in shares)	0.2	0.0	0.0
Weighted average shares outstanding - diluted (in shares)	30.5	39.5	40.9
Earnings per share
Basic earnings per share from continuing operations (in dollars per share)	$ 3.28	$ (5.92)	$ (1.89)
Basic earnings per share from discontinued operations (in dollars per share)	0.84	51.57	3.64
Basic earnings per share (in dollars per share)	4.12	45.65	1.75
Diluted earnings per share from continuing operations (in dollars per share)	3.26	(5.92)	(1.89)
Diluted earnings per share from discontinued operations (in dollars per share)	0.84	51.57	3.64
Diluted earnings per share (in dollars per share)	$ 4.10	$ 45.65	$ 1.75
Weighted average number of anti-dilutive shares excluded from denominator (in shares)	0.0	0.2	0.2

Consolidated Statements of Shareholder's Equity - USD ($) shares in Millions, $ in Millions	Total	Accelerated share repurchase	Treasury stock repurchases	Total Shareholders’ Equity	Total Shareholders’ Equity Accelerated share repurchase	Total Shareholders’ Equity Treasury stock repurchases	Common Stock	Common Stock Accelerated share repurchase	Common Stock Treasury stock repurchases	Additional Paid-in Capital	Additional Paid-in Capital Accelerated share repurchase	Accumulated Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Treasury Stock Accelerated share repurchase	Treasury Stock Treasury stock repurchases	Non- controlling Interest
Balance at beginning of period at Sep. 30, 2021													$ (235.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income from continuing operations	$ (77.0)
Income from discontinued operations, net of tax	149.7
Other comprehensive income, net of tax	$ (68.7)
Treasury stock repurchases (in shares)	(1.4)	0.0
Treasury stock repurchases														$ (134.0)	$ 0.0
Balance at end of period (in shares) at Sep. 30, 2022							40.8
Balance at end of period at Sep. 30, 2022	$ 1,269.1			$ 1,263.2			$ 0.5			$ 2,032.5		$ 362.1	(303.1)	(828.8)			$ 5.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income from continuing operations	(233.7)			(233.8)								(233.8)					0.1
Income from discontinued operations, net of tax	2,035.6			2,035.3								2,035.3					0.3
Sale and deconsolidation of assets held for sale	19.4			25.3									25.3				(5.9)
Other comprehensive income, net of tax	28.7			28.4									28.4				0.3
Other comprehensive income, net of tax	$ 54.8
Treasury stock repurchases (in shares)	(5.7)	(5.3)						(5.3)	(0.4)
Treasury stock repurchases		$ (500.0)	$ (34.7)		$ (500.0)	$ (34.7)					$ (100.0)			(434.7)	(400.0)	$ (34.7)
Excise tax on net share repurchases	$ (4.2)			(4.2)										(4.2)
Restricted stock issued and related tax withholdings (in shares)							0.2
Restricted stock issued and related tax withholdings	(12.9)			(12.9)						(30.3)				17.4
Share based compensation	18.6			18.6						18.6
Dividends declared to common shareholders	(67.6)			(67.6)								(67.6)
Balance at end of period (in shares) at Sep. 30, 2023							35.3
Balance at end of period at Sep. 30, 2023	2,518.3			2,517.6			$ 0.5			1,920.8		2,096.0	(249.4)	(1,250.3)			0.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income from continuing operations	99.3			99.3								99.3
Income from discontinued operations, net of tax	25.5			25.5								25.5
Other comprehensive income, net of tax	45.5			45.4									45.4				0.1
Premium on capped call transactions, net of tax	$ (18.8)			(18.8)						(18.8)
Treasury stock repurchases (in shares)	(7.4)	(1.3)						(1.3)	(6.1)
Treasury stock repurchases		$ 0.0	$ (482.7)		$ 0.0	$ (482.7)					$ 83.2			(565.9)	$ (83.2)	$ (482.7)
Excise tax on net share repurchases	$ (5.6)			(5.6)										(5.6)
Restricted stock issued and related tax withholdings (in shares)							0.1
Restricted stock issued and related tax withholdings	(5.5)			(5.5)						(14.6)				9.1
Share based compensation	17.5			17.5						17.5
Dividends declared to common shareholders	(51.8)			(51.8)								(51.8)
Balance at end of period (in shares) at Sep. 30, 2024							28.0
Balance at end of period at Sep. 30, 2024	$ 2,141.7			$ 2,140.9			$ 0.5			$ 1,988.1		$ 2,169.0	$ (204.0)	$ (1,812.7)			$ 0.8

INVENTORY (Details) - USD ($) $ in Millions	12 Months Ended
INVENTORY (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 55.8	$ 46.8
Work-in-process	6.2	5.6
Finished goods	400.8	409.7
Inventories	462.8	$ 462.1
Inventory loss	$ 20.6

SHARE BASED COMPENSATION - Schedule of Activity of the RSUs Granted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Time-based grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	220
Units granted, weighted average grant date fair value (in dollars per share)	$ 68.36
Fair Value at Grant Date	$ 14,700
Time-based grants \| Vesting in less than 12 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	60
Units granted, weighted average grant date fair value (in dollars per share)	$ 69.10
Fair Value at Grant Date	$ 4,100
Time-based grants \| Vesting in more than 12 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	160
Units granted, weighted average grant date fair value (in dollars per share)	$ 68.08
Fair Value at Grant Date	$ 10,600
Performance-based grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	260
Units granted, weighted average grant date fair value (in dollars per share)	$ 67.36
Fair Value at Grant Date	$ 17,830
Total grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	480	550	330
Units granted, weighted average grant date fair value (in dollars per share)	$ 67.81	$ 52.22	$ 95.30
Fair Value at Grant Date	$ 32,500	$ 28,600	$ 32,300

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Schedule of Additional Information on Pension Plans

The following tables provide additional information on the defined benefit plans as of September 30, 2024 and 2023:


	U.S. Plans				Non U.S. Plans
(in millions)	2024		2023		2024		2023
Changes in benefit obligation:
Benefit obligation, beginning of year	$	50.9	$	53.5	$	106.5	$	101.1

Service cost	0.7		0.6		0.7		0.8
Interest cost	2.8		2.8		5.0		4.6
Actuarial gain	4.4		(1.7)		8.0		(4.5)
Settlements and curtailments	—		—		(11.1)		—

Benefits paid	(4.8)		(4.3)		(4.5)		(4.2)
Foreign currency exchange rate changes	—		—		8.1		8.7
Benefit obligation, end of year	54.0		50.9		112.7		106.5
Changes in plan assets:
Fair value of plan assets, beginning of year	49.0		50.3		102.7		93.1

Actual return on plan assets	8.9		2.9		7.9		(1.1)
Employer contributions	0.1		0.1		6.4		6.8
Settlements and curtailments	—		—		(11.1)		—
Benefits paid	(4.8)		(4.3)		(4.5)		(4.2)
Foreign currency exchange rate changes	—		—		8.0		8.1
Fair value of plan assets, end of year	53.2		49.0		109.4		102.7
Funded status	$	(0.8)	$	(1.9)	$	(3.3)	$	(3.8)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	12.4	$	9.6
Other accrued expenses	0.1		0.1		—		—
Other long-term liabilities	0.7		1.8		15.7		13.4
Accumulated other comprehensive loss	7.7		9.4		29.5		23.8
Weighted average assumptions
Discount rate	4.39 - 4.74%		5.72%		3.40 - 5.10%		4.00 - 5.20%
Rate of compensation increase	N/A		N/A		2.75%		2.75%

Schedule of Projected Benefit Obligations, Accumulated Benefit Obligations, and Fair Value of Plan Assets


	U.S. Plans				Non U.S. Plan
(in millions)	2024		2023		2024		2023
Projected benefit obligation	$	54.0	$	50.9	$	66.8	$	57.0
Accumulated benefit obligation	54.0		50.9		64.0		57.0
Fair value of plan assets	53.2		49.0		51.1		43.5

Schedule of Components of Net Periodic Benefit Cost

The following table contains the components of net periodic benefit cost from defined benefit plans for the years ended September 30, 2024, 2023 and 2022:


	U.S. Plans						Non U.S. Plans
(in millions)	2024		2023		2022		2024		2023		2022
Service cost	$	0.7	$	0.6	$	0.5	$	0.7	$	0.8	$	1.2
Interest cost	2.8		2.8		1.9		5.0		4.6		2.1
Expected return on assets	(2.9)		(3.1)		(3.2)		(4.5)		(3.9)		(4.0)
Unrecognized prior service cost	—		—		—		0.1		—		—
Recognized net actuarial loss	—		—		0.8		0.9		0.8		2.8
Net periodic benefit cost	$	0.6	$	0.3	$	—	$	2.2	$	2.3	$	2.1
Weighted average assumptions
Discount rate	5.56 - 5.72%		5.37%		2.70%		4.00 - 5.60%		3.70 - 5.20%		1.00 - 2.00%
Expected return on plan assets	5.50%		5.25%		5.00%		2.54 - 5.00%		2.54 - 5.58%		0.99 - 4.06%
Rate of compensation increase	N/A		N/A		N/A		2.75%		2.75%		2.50%

Schedule of Allocation of Pension Plan Assets

Below is a summary allocation of defined benefit plan assets as of September 30, 2024 and 2023:


	U.S. Plans				Non U.S. Plans
Asset Type	2024		2023		2024		2023
Equity Securities	20	%	30	%	—	%	—	%
Fixed Income Securities	80	%	70	%	55	%	49	%
Other	—	%	—	%	45	%	51	%
Total	100	%	100	%	100	%	100	%

Schedule of Fair Value of Pension Plan Assets by Asset Category

The fair value of defined benefit plan assets by asset category as of September 30, 2024 and 2023 are as follows:


	September 30, 2024								September 30, 2023
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash & cash equivalents	$	1.3	$	—	$	—	$	1.3	$	0.3	$	—	$	—	$	0.3
Equity	3.5		4.4		—		7.9		4.6		5.7		—		10.3
Fixed income securities	33.3		7.1		—		40.4		24.2		7.8		—		32.0
Foreign equity	3.0		—		—		3.0		4.5		—		—		4.5
Foreign fixed income securities	—		60.5		—		60.5		—		50.8		—		50.8
Life insurance contracts	—		47.0		—		47.0		—		40.7		—		40.7
Annuity policy	—		—		—		—		—		—		10.4		10.4
Other	—		2.5		—		2.5		—		2.7		—		2.7
Total plan assets	$	41.1	$	121.5	$	—	$	162.6	$	33.6	$	107.7	$	10.4	$	151.7

Schedule of Benefit Payments Expected To Be Paid

The following benefit payments are expected to be paid:


(in millions)	U.S. Plans		Non U.S. Plans
2025	$	4.9	$	4.6
2026	4.2		5.0
2027	4.2		5.7
2028	4.2		6.0
2029	4.1		5.7
2025-2034	19.5		32.2

DESCRIPTION OF BUSINESS (Details) $ in Millions	1 Months Ended	7 Months Ended	12 Months Ended	36 Months Ended
DESCRIPTION OF BUSINESS (Details) $ in Millions	May 31, 2024 property	Dec. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) segment	Dec. 31, 2027 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of segments \| segment			3
Number of household appliance categories \| property	4
Trademark license, term	4 years
Trademark license, number of renewal terms \| property	2
Trademark license, renewal term	4 years
Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued royalties, annual payments			$ 1.7
Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued royalties, annual payments			$ 1.8
Forecast
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments for royalties		$ 11.7		$ 10.2

DEBT (Tables)

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of September 30, 2024 and 2023 consist of the following:



	2024				2023
(in millions)	Amount		Rate		Amount		Rate


3.375% Exchangeable Notes, due June 1, 2029	$	350.0	3.4	%	$	—	—	%
4.00% Notes, due October 1, 2026	—		—	%	448.8		4.0	%
5.00% Notes, due October 1, 2029	4.9		5.0	%	297.2		5.0	%
5.50% Notes, due July 15, 2030	13.2		5.5	%	288.5		5.5	%
3.875% Notes, due March 15, 2031	128.0		3.9	%	453.0		3.9	%

Obligations under finance leases	81.6		5.4	%	86.4		5.3	%
Total debt	577.7				1,573.9

Debt issuance costs	(16.9)				(18.4)
Less current portion	(9.4)				(8.6)
Long-term debt, net of current portion	$	551.4			$	1,546.9

Schedule of Maturities of Debt Obligations

The aggregate scheduled maturities of debt obligations are as follows, excluding obligations under capital leases. See Note 12 - Leases for scheduled maturities of obligations under capital leases:


(in millions)	Amount
2025	$	—
2026	—
2027	—
2028	—
2029	350.0
Thereafter	146.1
Total long-term debt	$	496.1

Schedule of Long-Term Debt Instruments

The following summarizes the results of the cash tender of the Tendered Offer and full redemption of the 2026 Notes (excluding amounts paid for unpaid and accrued interest), the write-off of unamortized debt issuance costs and loss (gain) from early extinguishment of debt realized during the year ended September 30, 2024:


(in millions)	Amounts Tendered		Amounts Paid		Premium (Discount) Realized		Unamortized Debt Issuance Costs		Loss (Gain) on Early Extinguishment
2026 Notes	$	462.0	$	462.1	$	0.1	$	2.2	$	2.3
2029 Notes	284.2		284.2		—		2.9		2.9
2030 Notes	142.5		142.5		—		2.0		2.0
2031 Notes	285.7		277.7		(8.0)		3.0		(5.0)
Total	$	1,174.4	$	1,166.5	$	(7.9)	$	10.1	$	2.2

Schedule of Debt Repurchase Activity

The following summarizes the repurchase activity for each of the respective Senior Notes, including the amounts paid (excluding amounts paid for unpaid and accrued interest) for debt repurchases, the write-off of unamortized debt issuance costs and gain from early extinguishment realized during the years ended September 30, 2024 and 2023:


	2024								2023
(in millions)	Amounts Repurchased		Amounts Paid		Unamortized Debt Issuance Costs		Gain on Early Extinguishment		Amounts Repurchased		Amounts Paid		Unamortized Debt Issuance Costs		Gain on Early Extinguishment
2029 Notes	$	8.1	$	7.8	$	0.1	$	0.2	$	2.8	$	2.6	$	—	$	0.2
2030 Notes	132.8		130.5		2.0		0.3		11.5		10.7		0.2		0.6
2031 Notes	39.2		34.6		0.4		4.2		47.1		39.4		0.6		7.1
Total	$	180.1	$	172.9	$	2.5	$	4.7	$	61.4	$	52.7	$	0.8	$	7.9

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

COMMITMENTS AND CONTINGENCIES - Schedule of Expected Payments for Environmental Remediation (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Accrual for Environmental Loss Contingencies, Fiscal Year Maturity [Abstract]
2025	$ 0.8
2026	2.4
2027	0.3
2028	0.2
2029	0.2
Thereafter	1.6
Total payments	5.5
Amount representing interest	(1.0)
Total environmental obligation	$ 4.5	$ 5.4

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Tables)

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of Useful Lives for Property, Plant and Equipment

Useful lives for property, plant and equipment are as follows:


Asset Type						Range
Buildings and improvements						20 - 40 years
Machinery, tooling and equipment						2 - 15 years
Computer software						3 - 5 years

Schedule of Range and Weighted Average Useful Lives for Definite-Lived Intangible Assets

The ranges of useful lives for definite-lived intangibles assets are as follows:

Asset Type

Range

Customer relationships

12 - 20 years

Technology assets

8 - 18 years

Tradenames

6 - 12 years

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Sep. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Audit Information	12 Months Ended
Audit Information	Sep. 30, 2024
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Milwaukee, Wisconsin

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment as of September 30, 2024 and 2023 consist of the following:


(in millions)	2024		2023
Land, buildings and improvements	$	88.2	$	83.4
Machinery, tooling and equipment	337.4		330.1
Computer software	142.6		136.2
Finance leases	141.4		136.9
Construction in progress	25.1		18.1
Property, plant and equipment	$	734.7	$	704.7
Accumulated depreciation	(468.1)		(429.6)
Property, plant and equipment, net	$	266.6	$	275.1

Schedule of Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure

Additionally, the Company has deferred implementation costs for hosted cloud computing arrangements as of September 30, 2024 and 2023 as follows:


(in millions)	2024		2023
Deferred cloud computing costs, net	$	8.3	$	7.0
Reported as:
Prepaid expenses and other current assets	4.3		7.0
Deferred charges and other	4.0		—

DEBT - Tendered Notes and Redemption of 2026 Notes (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
(Gain) loss from early extinguishment of debt	$ (2.6)	$ 3.0	$ 0.0
Tendered Notes
Debt Instrument [Line Items]
Amounts Tendered	1,174.4
Amounts Paid	1,166.5
Premium (Discount) Realized	(7.9)
Unamortized Debt Issuance Costs	10.1
(Gain) loss from early extinguishment of debt	2.2
2026 Notes
Debt Instrument [Line Items]
Amounts Tendered	462.0
Amounts Paid	462.1
Premium (Discount) Realized	0.1
Unamortized Debt Issuance Costs	2.2
(Gain) loss from early extinguishment of debt	2.3
2029 Notes
Debt Instrument [Line Items]
Amounts Tendered	284.2
Amounts Paid	284.2
Premium (Discount) Realized	0.0
Unamortized Debt Issuance Costs	2.9
(Gain) loss from early extinguishment of debt	2.9
2030 Notes
Debt Instrument [Line Items]
Amounts Tendered	142.5
Amounts Paid	142.5
Premium (Discount) Realized	0.0
Unamortized Debt Issuance Costs	2.0
(Gain) loss from early extinguishment of debt	2.0
2031 Notes
Debt Instrument [Line Items]
Amounts Tendered	285.7
Amounts Paid	277.7
Premium (Discount) Realized	(8.0)
Unamortized Debt Issuance Costs	3.0
(Gain) loss from early extinguishment of debt	$ (5.0)

EMPLOYEE BENEFIT PLANS - Schedule of Fair Value of Pension Plan Assets by Asset Category (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 162.6	$ 151.7
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	41.1	33.6
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	121.5	107.7
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	10.4
Cash & cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.3	0.3
Cash & cash equivalents \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.3	0.3
Cash & cash equivalents \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Cash & cash equivalents \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.9	10.3
Equity \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.5	4.6
Equity \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4.4	5.7
Equity \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	40.4	32.0
Fixed Income Securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	33.3	24.2
Fixed Income Securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.1	7.8
Fixed Income Securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.0	4.5
Foreign equity \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.0	4.5
Foreign equity \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign equity \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	60.5	50.8
Foreign fixed income securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign fixed income securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	60.5	50.8
Foreign fixed income securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Life insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	47.0	40.7
Life insurance contracts \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Life insurance contracts \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	47.0	40.7
Life insurance contracts \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Annuity policy
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	10.4
Annuity policy \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Annuity policy \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Annuity policy \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	10.4
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2.5	2.7
Other \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Other \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2.5	2.7
Other \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0.0	$ 0.0

EXIT AND DISPOSAL ACTIVITIES (Tables)

12 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

The following summarizes exit and disposal charges for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022


Exit and disposal costs	$	1.0	$	9.3	$	10.4
Reported as:
Cost of goods sold	$	—	$	0.6	$	0.1
Selling, general & administrative expense	1.0		8.7		10.3

Schedule of Costs Incurred by Reporting Segment

The following summarizes exit and disposal charges by segment for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
GPC	$	0.1	$	3.5	$	3.6
H&G	—		0.2		0.7
HPC	0.6		5.2		5.4
Corporate and shared operations	0.3		0.4		0.7
Total exit and disposal costs	$	1.0	$	9.3	$	10.4

Schedule of Costs Incurred and Cumulative Costs by Cost Type

The following is a summary of exit and disposal charges by cost type for the years ended September 30, 2024, 2023, and 2022:


(in millions)	Termination Benefits		Other Costs		Total
For the year ended September 30, 2024	$	0.6	$	0.4	$	1.0
For the year ended September 30, 2023	8.2		1.1		9.3
For the year ended September 30, 2022	10.2		0.2		10.4

Schedule of Rollforward of Restructuring Accrual


(in millions)	Termination Benefits		Other Costs		Total
Accrual balance at September 30, 2022	$	3.7	$	0.3	$	4.0
Provisions	7.6		0.6		8.2
Cash expenditures	(8.1)		(0.3)		(8.4)
Non-cash items	0.2		(0.1)		0.1
Accrual balance at September 30, 2023	$	3.4	$	0.5	$	3.9
Provisions	0.6		—		0.6
Cash expenditures	(2.8)		(0.4)		(3.2)

Accrual balance at September 30, 2024	$	1.2	$	0.1	$	1.3

GOODWILL AND INTANGIBLES - Schedule of Changes in the Carrying Amount of Goodwill by Reporting Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Goodwill [Roll Forward]
Balance at beginning of period	$ 854.7	$ 953.1
Impairment	0.0	(111.1)	$ 0.0
Acquisitions		3.0
Foreign currency impact	10.2	9.7
Balance at end of period	864.9	854.7	953.1
GPC
Goodwill [Roll Forward]
Balance at beginning of period	512.1	502.4
Impairment		0.0
Acquisitions		0.0
Foreign currency impact	10.2	9.7
Balance at end of period	522.3	512.1	502.4
H&G
Goodwill [Roll Forward]
Balance at beginning of period	342.6	342.6
Impairment		0.0
Acquisitions		0.0
Foreign currency impact	0.0	0.0
Balance at end of period	342.6	342.6	342.6
HPC
Goodwill [Roll Forward]
Balance at beginning of period	0.0	108.1
Impairment		(111.1)
Acquisitions		3.0
Foreign currency impact	0.0	0.0
Balance at end of period	$ 0.0	$ 0.0	$ 108.1

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
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+ Details

EXIT AND DISPOSAL ACTIVITIES - Schedule of Exit and Disposal Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 1.0	$ 9.3	$ 10.4
Corporate and shared operations
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.3	0.4	0.7
GPC \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.1	3.5	3.6
H&G \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.0	0.2	0.7
HPC \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 0.6	$ 5.2	$ 5.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SEGMENT INFORMATION - Schedule of Net Sales by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 2,963.9	$ 2,918.8	$ 3,132.5
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,715.8	1,722.4	1,901.6
Europe/MEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	885.2	830.7	820.0
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	211.8	206.8	243.3
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	99.4	106.6	108.5
North America - Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 51.7	$ 52.3	$ 59.1

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

+ Details

DEBT - Capped Call Transactions (Details) - Convertible Debt $ / shares in Units, shares in Millions, $ in Millions	May 23, 2024 USD ($) $ / shares shares
Capped Call Transactions
Debt Instrument [Line Items]
Convertible, conversion price (in dollars per share)	$ 121.86
Stock price trigger (in dollars per share)	$ 159.36
Convertible, equity component (in shares) \| shares	0.7
3.375% Exchangeable Notes, due June 1, 2029
Debt Instrument [Line Items]
Convertible, conversion price (in dollars per share)	$ 121.86
Payments for premium on equity component of convertible debt \| $	$ 25.2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

LEASES (Tables)

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Leases Recognized in Statement of Financial Position

The following is a summary of leases recognized on the Consolidated Statements of Financial Position as of September 30, 2024 and 2023:


(in millions)	Line Item	2024		2023
Assets
Operating	Operating lease assets	$	101.9	$	110.8
Finance	Property, plant and equipment, net	61.0		66.2
Total lease assets		$	162.9	$	177.0
Liabilities
Current
Operating	Other current liabilities	$	31.3	$	26.9
Finance	Current portion of long-term debt	9.4		8.6
Long-term
Operating	Long-term operating lease liabilities	87.0		95.6
Finance	Long-term debt, net of current portion	72.2		77.8
Total lease liabilities		$	199.9	$	208.9

Schedule of Components of Lease Costs, Cash Flow Disclosures, Lease Terms and Discount Rate

The components of lease costs recognized in the Consolidated Statements of Income for the year ended September 30, 2024, 2023, and 2022 are as follows:


(in millions)	2024		2023		2022
Operating lease cost	$	34.6	$	37.0	$	26.3
Finance lease cost
Amortization of leased assets	10.3		10.2		10.5
Interest on lease liability	4.5		4.8		5.2
Variable lease cost	13.0		12.4		10.8
Total lease cost	$	62.4	$	64.4	$	52.8


(in millions)	2024		2023		2022
Operating cash flow from operating leases	$	35.5	$	30.3	$	25.3
Operating cash flows from finance leases	4.5		4.8		5.1
Financing cash flows from finance leases	10.1		9.5		8.9
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	25.2		66.9		30.4

The following is a summary of weighted-average lease term and discount rate at September 30, 2024 and 2023:


	2024		2023
Weighted average remaining lease term
Operating leases	4.0 years		4.6 years
Finance leases	8.0 years		8.7 years
Weighted average discount rate
Operating leases	6.0	%	5.5	%
Finance leases	5.4	%	5.3	%

Schedule of Future Lease Payments Under Finance Leases

At September 30, 2024, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2025	$	13.1	$	37.3
2026	13.6		32.0
2027	13.4		29.6
2028	13.1		25.1
2029	12.7		7.4
Thereafter	33.9		1.8
Total lease payments	99.8		133.2
Amount representing interest	(18.2)		(14.9)
Total minimum lease payments	$	81.6	$	118.3

Schedule of Future Lease Payments Under Operating Leases

At September 30, 2024, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2025	$	13.1	$	37.3
2026	13.6		32.0
2027	13.4		29.6
2028	13.1		25.1
2029	12.7		7.4
Thereafter	33.9		1.8
Total lease payments	99.8		133.2
Amount representing interest	(18.2)		(14.9)
Total minimum lease payments	$	81.6	$	118.3

EMPLOYEE BENEFIT PLANS - Schedule of Allocation of Pension Plan Assets (Details)	Sep. 30, 2024	Sep. 30, 2023
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	100.00%	100.00%
Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	100.00%	100.00%
Equity Securities \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	20.00%	30.00%
Equity Securities \| Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	0.00%	0.00%
Fixed Income Securities \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	80.00%	70.00%
Fixed Income Securities \| Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	55.00%	49.00%
Other \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	0.00%	0.00%
Other \| Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	45.00%	51.00%

LEASES - Schedule of Lease Term and Discount Rate (Details)	Sep. 30, 2024	Sep. 30, 2023
Weighted average remaining lease term
Operating leases	4 years	4 years 7 months 6 days
Finance leases	8 years	8 years 8 months 12 days
Weighted average discount rate
Operating leases	6.00%	5.50%
Finance leases	5.40%	5.30%

REVENUE RECOGNITION

12 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

The Company generates all of its revenue from contracts with customers. The following tables disaggregate our revenue for the years ended September 30, 2024, 2023, and 2022, by the Company’s key revenue streams, segments and geographic regions (based upon destination):


	2024
(in millions)	GPC		H&G		HPC		Total
Product Sales
NA	$	706.4	$	567.0	$	474.0	$	1,747.4
EMEA	388.5		—		491.6		880.1
LATAM	12.7		9.3		189.8		211.8
APAC	29.0		—		70.3		99.3
Licensing	9.8		2.3		7.5		19.6
Service and other	5.1		—		0.6		5.7
Total revenue	$	1,151.5	$	578.6	$	1,233.8	$	2,963.9


	2023
(in millions)	GPC		H&G		HPC		Total
Product Sales
NA	$	710.7	$	527.1	$	514.4	$	1,752.2
EMEA	361.3		—		465.0		826.3
LATAM	18.0		7.3		181.5		206.8
APAC	33.3		—		73.3		106.6
Licensing	10.0		2.1		7.8		19.9
Service and other	5.7		—		1.3		7.0
Total revenue	$	1,139.0	$	536.5	$	1,243.3	$	2,918.8


	2022
(in millions)	GPC		H&G		HPC		Total
Product Sales
NA	$	749.8	$	576.8	$	609.7	$	1,936.3
EMEA	353.6		—		460.7		814.3
LATAM	19.3		8.0		216.1		243.4
APAC	36.5		0.1		71.9		108.5
Licensing	9.9		2.2		10.3		22.4
Service and other	6.2		—		1.4		7.6
Total revenue	$	1,175.3	$	587.1	$	1,370.1	$	3,132.5

A significant portion of our product sales are subject to the continued use and access of the B&D brand through a license agreement with our HPC segment and primarily concentrated in the NA and LATAM regions. Net sales from B&D product sales consist of $353.2 million, $350.4 million, and $417.3 million for the years ended September 30, 2024, 2023 and 2022, respectively. All other brands and tradenames used in the Company’s commercial operations are either directly owned and not subject to further restrictions, or do not aggregate to a significant portion of net sales for the Company.

The Company has a broad range of customers including many large retail customers. During the year ended September 30, 2024, 2023 and 2022, there were two large retail customers, each exceeding 10% of consolidated Net Sales and representing 35.9%, 33.9%, and 32.9% of consolidated Net Sales, respectively. All segments sell products to the two large retail customers exceeding 10% of consolidated Net Sales.

In the normal course of business, the Company may allow customers to return product or take credit for product returns per the provisions in a sale agreement. Estimated product returns are recorded as a reduction in reported revenue at the time of sale based upon historical product return experience, adjusted for known trends, to arrive at the amount of consideration expected to receive. The following is a rollforward of the liability for product returns for the years ended September 30, 2024, 2023 and 2022:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2024	$	12.8	$	28.6	$	(27.3)	$	0.3	$	14.4
September 30, 2023	15.5		8.7		(11.2)		(0.2)		12.8
September 30, 2022	11.8		12.4		(19.8)		11.1		15.5

The recent increase in product returns are attributable to additional returns for product recalls with the U.S. Consumer Product Safety Commission (“CPSC”), further discussed in Note 20 - Commitments and Contingencies. Other adjustments include foreign currency translation and the liability for product returns assumed as part of the acquisition of the Tristar Business during the year ended September 30, 2022.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

DERIVATIVES - Schedule of Gain (Loss) on Derivatives Not Designated as Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Foreign exchange contracts \| Other non-operating (income) expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedges	$ (20.1)	$ (14.3)	$ 25.6

DEBT - Schedule of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	May 23, 2024	Sep. 30, 2023	Sep. 24, 2019	Sep. 20, 2016
Debt Instrument [Line Items]
Obligations under finance leases	$ 81.6
Total debt	577.7		$ 1,573.9
Debt issuance costs	(16.9)		(18.4)
Less current portion	(9.4)		(8.6)
Long-term debt, net of current portion	551.4		1,546.9
3.375% Exchangeable Notes, due June 1, 2029
Debt Instrument [Line Items]
Secured debt	$ 350.0
Stated interest rate	3.375%	3.375%
4.00% Notes, due October 1, 2026
Debt Instrument [Line Items]
Secured debt			$ 448.8
Stated interest rate	4.00%		4.00%		4.00%
5.00% Notes, due October 1, 2029
Debt Instrument [Line Items]
Secured debt	$ 4.9		$ 297.2
Stated interest rate	5.00%		5.00%	5.00%
5.50% Notes, due July 15, 2030
Debt Instrument [Line Items]
Secured debt	$ 13.2		$ 288.5
Stated interest rate	5.50%		5.50%
3.875% Notes, due March 15, 2031
Debt Instrument [Line Items]
Secured debt	$ 128.0		$ 453.0
Stated interest rate	3.875%		3.90%
Obligations under finance leases
Debt Instrument [Line Items]
Stated interest rate	5.40%		5.30%
Obligations under finance leases	$ 81.6		$ 86.4

GOODWILL AND INTANGIBLES - Schedule of Future Amortization Expense (Details) $ in Millions	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 42.2
2026	40.0
2027	40.0
2028	39.9
2029	$ 36.9

SHARE BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Awards

The following is a summary of the authorized and available shares per the respective plans:


(number of shares, in millions)	Authorized	Available
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan	7.1	0.4
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan	2.6	1.8

The following is a summary of outstanding stock option awards during the years ended September 30, 2024, 2023, and 2022:


(in millions, except per share data)	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Vested and exercisable at September 30, 2021	$	0.16	$	82.36	$	5.32


Vested and exercisable at September 30, 2022	0.16		82.36		5.32


Vested and exercisable at September 30, 2023	0.16		82.36		5.32
Forfeited	(0.07)		72.92		4.91
Exercised	(0.03)		82.85		5.25
Vested and exercisable at September 30, 2024	$	0.06	$	93.96	$	5.86

Schedule of Share Based Compensation Expense

The following is a summary of the share based compensation expense for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
Share based compensation expense	$	17.5	$	17.2	$	10.2

Schedule of Activity of RSUs Granted

The following is a summary of the RSUs granted during the fiscal year ended September 30, 2024:


(in millions, except per share data)	Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Time-based grants
Vesting in less than 12 months	0.06	$	69.10	$	4.1
Vesting in more than 12 months	0.16	68.08		10.6
Total time-based grants	0.22	68.36		14.7
Performance-based grants	0.26	67.36		17.83
Total grants	0.48	$	67.81	$	32.5

Schedule of RSU Activity

The following is a summary of RSU activity for the years ended September 30, 2024, 2023 and 2022:


(in millions, except per share data)	Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Outstanding and nonvested as of September 30, 2021	1.46	$	64.00	$	93.2
Granted	0.33	95.30		32.3
Forfeited	(0.18)	78.90		(13.8)
Vested and exercised	(0.60)	55.09		(33.4)
Outstanding and nonvested as of September 30, 2022	1.01	77.22		78.3
Granted	0.55	52.22		28.6
Forfeited	(0.21)	71.99		(15.0)
Vested and exercised	(0.46)	70.98		(32.7)
Outstanding and nonvested as of September 30, 2023	0.89	66.29		59.2
Granted	0.48	67.81		32.5
Forfeited	(0.18)	70.71		(12.6)
Vested and exercised	(0.21)	67.73		(14.0)
Outstanding and nonvested as of September 30, 2024	0.98	$	65.93	$	65.1

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Schedule of Useful Lives for Property, Plant and Equipment (Details)	Sep. 30, 2024
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful lives	20 years
Minimum \| Machinery, tooling and equipment
Property, Plant and Equipment [Line Items]
Useful lives	2 years
Minimum \| Computer software
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful lives	40 years
Maximum \| Machinery, tooling and equipment
Property, Plant and Equipment [Line Items]
Useful lives	15 years
Maximum \| Computer software
Property, Plant and Equipment [Line Items]
Useful lives	5 years

LEASES - Schedule of Cash Flow Activity for Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating cash flow from operating leases	$ 35.5	$ 30.3	$ 25.3
Operating cash flows from finance leases	4.5	4.8	5.1
Financing cash flows from finance leases	10.1	9.5	8.9
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	$ 25.2	$ 66.9	$ 30.4

SHARE BASED COMPENSATION

12 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

SHARE BASED COMPENSATION

Equity based incentive and performance compensation awards provided to employees, directors, officers and consultants, including the restricted stock units and stock options further discussed below, were issued pursuant to the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan as approved and amended by the stockholders, and the Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan, as approved by the stockholders. The following is a summary of the authorized and available shares per the respective plans:


(number of shares, in millions)	Authorized	Available
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan	7.1	0.4
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan	2.6	1.8

Compensation costs for share-based payment arrangements are recognized as Selling, General and Administrative Expense on the Consolidated Statements of Income. The following is a summary of the share based compensation expense for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
Share based compensation expense	$	17.5	$	17.2	$	10.2

Restricted Stock Units (“RSUs”)

The Company recognizes share based compensation expense from the issuance of RSUs, primarily under its Long-Term Incentive Plan (“LTIP”). RSUs granted under the LTIP include a combination of time-based grants and performance-based grants. Compensation cost is based on the fair value of the awards, as determined by the market price of the Company’s shares of common stock on the designated grant date and recognized on a straight-line basis over the requisite service period of the awards. Time-based RSUs provide for either a three year cliff vesting or graded vesting depending upon the vesting conditions and forfeitures provided by the grant. Performance-based RSUs are dependent upon achieving specified cumulative financial metrics (adjusted EBITDA, return on adjusted equity, and/or adjusted free cash flow) by the end of the three year vesting period. The actual number of shares that will ultimately vest for the performance-based RSUs is dependent on the level of achievement of the specified performance conditions upon completion of the designated performance period. The Company assessed the probability of achievement of the performance conditions and recognized expense for the awards based on the probable achievement of such metrics. Additionally, the Company regularly issues individual RSU awards under its equity plan to its Board members and individual employees for recognition, incentive, or retention purposes, when needed, which are primarily conditional upon time-based service conditions, valued based on the fair value of the awards as determined by the market price of the Company’s share of common stock on the designated grant price date and recognized as a component of share-based compensation on a straight-line basis over the requisite service period of the award. RSUs are subject to forfeiture if employment terminates prior to vesting with forfeitures recognized as they occur. RSUs have dividend equivalents credited to the recipient and are paid only to the extent the RSU vests and the related stock is issued. RSUs are exercised upon completion of the vesting conditions. Shares issued upon exercise of RSUs are sourced from treasury shares when available.

The Company regularly issues annual RSU grants under its LTIP during the first quarter of the fiscal year. The following is a summary of the RSUs granted during the fiscal year ended September 30, 2024:


(in millions, except per share data)	Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Time-based grants
Vesting in less than 12 months	0.06	$	69.10	$	4.1
Vesting in more than 12 months	0.16	68.08		10.6
Total time-based grants	0.22	68.36		14.7
Performance-based grants	0.26	67.36		17.83
Total grants	0.48	$	67.81	$	32.5

The following is a summary of RSU activity for the years ended September 30, 2024, 2023 and 2022:


(in millions, except per share data)	Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Outstanding and nonvested as of September 30, 2021	1.46	$	64.00	$	93.2
Granted	0.33	95.30		32.3
Forfeited	(0.18)	78.90		(13.8)
Vested and exercised	(0.60)	55.09		(33.4)
Outstanding and nonvested as of September 30, 2022	1.01	77.22		78.3
Granted	0.55	52.22		28.6
Forfeited	(0.21)	71.99		(15.0)
Vested and exercised	(0.46)	70.98		(32.7)
Outstanding and nonvested as of September 30, 2023	0.89	66.29		59.2
Granted	0.48	67.81		32.5
Forfeited	(0.18)	70.71		(12.6)
Vested and exercised	(0.21)	67.73		(14.0)
Outstanding and nonvested as of September 30, 2024	0.98	$	65.93	$	65.1

As of September 30, 2024, the remaining unrecognized pre-tax compensation cost associated with outstanding RSUs is $41.3 million that would expect to be recognized over a weighted average period of 1.3 years, contingent upon realization of performance goals for performance based grants. If performance goals are not met, compensation cost may be not recognized, and previously recognized compensation cost would be reversed.

Stock Options

All stock options awards are fully vested and exercisable. The Company does not regularly grant new stock option awards and there were no awards granted during the years ended September 30, 2024, 2023 and 2022. Shares issued upon exercise of stock option awards are sourced from treasury shares when available. The following is a summary of outstanding stock option awards during the years ended September 30, 2024, 2023, and 2022:


(in millions, except per share data)	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Vested and exercisable at September 30, 2021	$	0.16	$	82.36	$	5.32


Vested and exercisable at September 30, 2022	0.16		82.36		5.32


Vested and exercisable at September 30, 2023	0.16		82.36		5.32
Forfeited	(0.07)		72.92		4.91
Exercised	(0.03)		82.85		5.25
Vested and exercisable at September 30, 2024	$	0.06	$	93.96	$	5.86

The intrinsic value of share options exercised during the year ended September 30, 2024, was $0.4 million, which were settled through a net-share settlement where the shares delivered having an aggregate fair value equal to the intrinsic value of the share option at exercise, and no cash was received upon exercise. No options were exercised during the years ended September 30, 2023 and 2022. As of the year ended September 30, 2024, the aggregate intrinsic value of outstanding and exercisable options was $0.1 million, with the remaining contractual term of 1.9 years.

INCOME TAXES - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits, beginning of year	$ 121.1	$ 100.9	$ 18.0
Gross increase – tax positions in prior period	77.5	21.5	84.4
Gross decrease – tax positions in prior period	(9.2)	(34.4)	(2.9)
Gross increase – tax positions in current period	1.7	33.4	1.7
Settlements	(0.6)	0.0	0.0
Lapse of statutes of limitations	(0.3)	(0.3)	(0.3)
Unrecognized tax benefits, end of year	$ 190.2	$ 121.1	$ 100.9

SHARE BASED COMPENSATION - Schedule of Stock Options (Details) - $ / shares	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Options
Beginning balance (in shares)	160,000	160,000	160,000
Forfeited (in shares)	(70,000.00)
Exercised (in shares)	(30,000.00)	0	0
Ending balance (in shares)	60,000.00	160,000	160,000
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 82.36	$ 82.36	$ 82.36
Forfeited (in dollars per share)	72.92
Exercised (in dollars per share)	82.85
Ending balance (in dollars per share)	93.96	82.36	82.36
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	5.32	5.32	5.32
Forfeited (in dollars per share)	4.91
Exercised (in dollars per share)	5.25
Ending balance (in dollars per share)	$ 5.86	$ 5.32	$ 5.32

REVENUE RECOGNITION (Tables)

12 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables disaggregate our revenue for the years ended September 30, 2024, 2023, and 2022, by the Company’s key revenue streams, segments and geographic regions (based upon destination):


	2024
(in millions)	GPC		H&G		HPC		Total
Product Sales
NA	$	706.4	$	567.0	$	474.0	$	1,747.4
EMEA	388.5		—		491.6		880.1
LATAM	12.7		9.3		189.8		211.8
APAC	29.0		—		70.3		99.3
Licensing	9.8		2.3		7.5		19.6
Service and other	5.1		—		0.6		5.7
Total revenue	$	1,151.5	$	578.6	$	1,233.8	$	2,963.9


	2023
(in millions)	GPC		H&G		HPC		Total
Product Sales
NA	$	710.7	$	527.1	$	514.4	$	1,752.2
EMEA	361.3		—		465.0		826.3
LATAM	18.0		7.3		181.5		206.8
APAC	33.3		—		73.3		106.6
Licensing	10.0		2.1		7.8		19.9
Service and other	5.7		—		1.3		7.0
Total revenue	$	1,139.0	$	536.5	$	1,243.3	$	2,918.8


	2022
(in millions)	GPC		H&G		HPC		Total
Product Sales
NA	$	749.8	$	576.8	$	609.7	$	1,936.3
EMEA	353.6		—		460.7		814.3
LATAM	19.3		8.0		216.1		243.4
APAC	36.5		0.1		71.9		108.5
Licensing	9.9		2.2		10.3		22.4
Service and other	6.2		—		1.4		7.6
Total revenue	$	1,175.3	$	587.1	$	1,370.1	$	3,132.5

Schedule of Rollforward of the Allowance for Product Returns

The following is a rollforward of the liability for product returns for the years ended September 30, 2024, 2023 and 2022:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2024	$	12.8	$	28.6	$	(27.3)	$	0.3	$	14.4
September 30, 2023	15.5		8.7		(11.2)		(0.2)		12.8
September 30, 2022	11.8		12.4		(19.8)		11.1		15.5

DEBT - Tendered Notes and Redemption of 2026 Notes Narrative (Details) - Convertible Debt - USD ($) $ in Millions	Jun. 17, 2024	Jun. 03, 2024	Jun. 02, 2024	May 20, 2024
Debt Instrument [Line Items]
Aggregate purchase price		$ 1,160.5	$ 925.0	$ 925.0
Redemption price percentage	100.667%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values for Financial Instruments

The carrying values and estimated fair values for financial instruments as of September 30, 2024 and 2023 are as follows:


	2024										2023
(in millions)	Level 1		Level 2		Level 3		Fair Value		Carrying Amount		Level 1		Level 2		Level 3		Fair Value		Carrying Amount

Derivative assets	$	—	$	1.8	$	—	$	1.8	$	1.8	$	—	$	3.3	$	—	$	3.3	$	3.3
Derivative liabilities	—		15.3		—		15.3		15.3		—		9.0		—		9.0		9.0
Debt	—		576.3		—		576.3		560.8		—		1,418.6		—		1,418.6		1,555.5

LEASES - Schedule of Future Lease Payments (Details) $ in Millions	Sep. 30, 2024 USD ($)
Finance Leases
2025	$ 13.1
2026	13.6
2027	13.4
2028	13.1
2029	12.7
Thereafter	33.9
Total lease payments	99.8
Amount representing interest	(18.2)
Total minimum lease payments	81.6
Operating Leases
2025	37.3
2026	32.0
2027	29.6
2028	25.1
2029	7.4
Thereafter	1.8
Total lease payments	133.2
Amount representing interest	(14.9)
Total minimum lease payments	$ 118.3

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Net income	$ 124.8	$ 1,801.9	$ 72.7
Income from discontinued operations, net of tax	25.5	2,035.6	149.7
Net income (loss) from continuing operations	99.3	(233.7)	(77.0)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation	57.3	48.9	49.0
Amortization	44.5	42.3	50.3
Share based compensation	17.5	17.2	10.2
Impairment of goodwill	0.0	111.1	0.0
Impairment of intangible assets	45.2	120.7	0.0
Impairment of property plant and equipment and operating leases	5.1	10.8	0.0
Gain on sale of property plant and equipment	0.0	(2.7)	0.0
(Gain) loss on early extinguishment of debt	(2.7)	3.0	0.0
Amortization of debt issuance costs and debt discount	3.9	6.9	7.1
Non-cash interest on short term investment	0.0	(11.3)	0.0
Gain from remeasurement of contingent consideration liability	0.0	(1.5)	(28.5)
Non-cash purchase accounting adjustments	1.2	1.9	8.3
Deferred tax expense (benefit)	3.7	(182.8)	(44.6)
Net changes in operating assets and liabilities:
Receivables	(116.5)	(224.2)	(12.2)
Inventories	8.5	328.3	(153.7)
Prepaid expenses and other current assets	11.9	26.1	(34.8)
Accounts payable and accrued liabilities	55.6	(154.5)	(15.0)
Income tax and other	35.3	101.5	9.4
Net cash provided (used) by operating activities from continuing operations	269.8	8.0	(231.5)
Net cash (used) provided by operating activities from discontinued operations	(107.2)	(417.7)	177.7
Net cash provided (used) by operating activities	162.6	(409.7)	(53.8)
Cash flows from investing activities
Purchases of property, plant and equipment	(44.0)	(59.0)	(64.0)
Proceeds from disposal of property, plant and equipment	0.0	8.4	0.2
Proceeds from sale of discontinued operations, net of cash	(26.9)	4,334.7	0.0
Business acquisitions, net of cash acquired	0.0	0.0	(272.1)
Purchase of short-term investments	(849.3)	(1,092.0)	0.0
Proceeds from sale of short term investments	1,941.3	0.0	0.0
Other investing activity	0.1	(0.2)	0.0
Net cash provided (used) by investing activities from continuing operations	1,021.2	3,191.9	(335.9)
Net cash used by investing activities from discontinued operations	0.0	(11.8)	(23.9)
Net cash provided (used) by investing activities	1,021.2	3,180.1	(359.8)
Cash flows from financing activities
Payment of debt, including premium on extinguishment	(1,349.3)	(1,646.8)	(12.7)
Proceeds from issuance of debt	350.0	0.0	740.0
Payment of debt issuance costs	(15.0)	(2.3)	(7.6)
Treasury stock purchases	(482.7)	(34.7)	(134.0)
Accelerated share repurchase	0.0	(500.0)	0.0
Premium on capped calls	(25.2)	0.0	0.0
Dividends paid to shareholders	(50.6)	(66.5)	(68.6)
Share based award tax withholding payments, net of proceeds upon vesting	(5.4)	(13.0)	(24.5)
Payment of contingent consideration	0.0	0.0	(1.9)
Net cash (used) provided by financing activities from continuing operations	(1,578.2)	(2,263.3)	490.7
Net cash used by financing activities from discontinued operations	0.0	(0.8)	(3.1)
Net cash (used) provided by financing activities	(1,578.2)	(2,264.1)	487.6
Effect of exchange rate changes on cash and cash equivalents	11.0	3.7	(20.1)
Net change in cash, cash equivalents and restricted cash in continuing operations	(383.4)	510.0	53.9
Cash, cash equivalents, and restricted cash, beginning of period	753.9	243.9	190.0
Cash, cash equivalents, and restricted cash, end of period	370.5	753.9	243.9
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	4.6	3.2	1.4
Non cash financing activities
Issuance of shares through stock compensation plan	14.0	32.6	33.4
Continuing Operations
Supplemental disclosure of cash flow information
Cash paid for interest	71.0	123.1	92.1
Cash paid for taxes	31.4	25.5	32.6
Discontinued Operations
Supplemental disclosure of cash flow information
Cash paid for interest	0.0	45.3	53.6
Cash paid for taxes	$ 69.8	$ 449.2	$ 12.9

REVENUE RECOGNITION - Schedule of Rollforward of Allowance for Product Returns (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Allowance For Product Returns [Roll Forward]
Beginning Balance	$ 12.8	$ 15.5	$ 11.8
Charged to Profit & Loss	28.6	8.7	12.4
Deductions	(27.3)	(11.2)	(19.8)
Other Adjustments	0.3	(0.2)	11.1
Ending Balance	$ 14.4	$ 12.8	$ 15.5

DIVESTITURES - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
DIVESTITURES - Narrative (Details) - USD ($) $ in Millions	Sep. 08, 2021	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts payable		$ 397.3	$ 396.6
Other long-term liabilities		32.8	52.5
Purchase price settlement from sale of HHI		26.9
Other current liabilities		171.9	178.4
Other Disposal Group \| Energizer Holdings Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other liabilities		0.0	25.3
Other long-term liabilities			16.7
Other current liabilities			8.6
Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes		25.1	2,909.3	$ 203.1
Discontinued Operations, Held-for-sale or Disposed of by Sale \| HHI Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of discontinued operations before income taxes		0.0	2,824.2	0.0
Accounts payable			27.3
Other long-term liabilities			2.6
Income from discontinued operations before income taxes		14.9	136.9	253.3
Discontinued operation after disposal, revenue		31.8	9.2
Discontinued operation after disposal, accounts receivable, current		$ 10.7	4.0
Discontinued Operations, Held-for-sale or Disposed of by Sale \| HHI Segment \| Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Period of continuing involvement after disposal		12 months
Discontinued Operations, Held-for-sale or Disposed of by Sale \| HHI Segment \| Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Period of continuing involvement after disposal		24 months
Discontinued Operations, Held-for-sale or Disposed of by Sale \| Other Disposal Group
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes		$ 10.2	(2.4)	(3.8)
Discontinued Operations, Disposed of by Sale \| HHI Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes			136.9	253.3
Indirect costs			$ 18.0	$ 27.6
HHI Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of discontinued operations, net of cash	$ 4,300.0

ACCUMULATED OTHER COMPREHENSIVE INCOME - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	$ 2,963.9	$ 2,918.8	$ 3,132.5
Other non-operating expense, net	8.6	3.8	14.7
Income (loss) from discontinued operations, net of tax	25.5	2,035.6	149.7
Foreign Currency Translation \| Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	0.0
Cost of goods sold	0.0
Other non-operating expense, net	(2.4)
Income (loss) from discontinued operations, net of tax	0.0
Defined Benefit Pension \| Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	0.0	0.0	0.0
Cost of goods sold	0.0	0.0	0.0
Other non-operating expense, net	(1.0)	(0.8)	(3.6)
Income (loss) from discontinued operations, net of tax	0.0	0.1	0.1
Derivative Instruments \| Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	0.3	0.2	0.1
Cost of goods sold	(15.5)	(12.4)	20.1
Other non-operating expense, net	0.0	0.0	0.0
Income (loss) from discontinued operations, net of tax	$ 0.0	$ (2.3)	$ 2.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477349/740-270-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3A

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-4

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3

LEASES - Schedule of Components of Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease cost	$ 34.6	$ 37.0	$ 26.3
Finance lease cost
Amortization of leased assets	10.3	10.2	10.5
Interest on lease liability	4.5	4.8	5.2
Variable lease cost	13.0	12.4	10.8
Total lease cost	$ 62.4	$ 64.4	$ 52.8

SHAREHOLDER’S EQUITY - Schedule of Activity of Common Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions					12 Months Ended
	May 23, 2024	May 20, 2024	Nov. 16, 2023	Jun. 20, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)					7.4	5.7	1.4
Average price per share (in dollars per share)					$ 76.66	$ 75.36	$ 97.34
Amount	$ 50.0	$ 50.0
Treasury Stock
Accelerated Share Repurchases [Line Items]
Amount					$ 565.9	$ 434.7	$ 134.0
Open market purchases
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)					5.6	0.4	1.4
Average price per share (in dollars per share)					$ 77.48	$ 81.60	$ 97.34
Open market purchases \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Amount					$ 432.7	$ 34.7	$ 134.0
Private purchases
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)					0.5	0.0	0.0
Average price per share (in dollars per share)					$ 93.74	$ 0	$ 0
Private purchases \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Amount					$ 50.0	$ 0.0	$ 0.0
ASR
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)			1.3	5.3	1.3	5.3	0.0
Average price per share (in dollars per share)					$ 65.84	$ 74.86	$ 0
Amount					$ 0.0	$ 500.0
ASR \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Amount				$ 400.0	$ 83.2	$ 400.0	$ 0.0

RECEIVABLES - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 7.7	$ 7.3	$ 6.7
Charged to Profit & Loss	2.6	5.0	4.2
Deductions	(2.2)	(1.4)	(4.9)
Other Adjustments	0.0	(3.2)	1.3
Ending Balance	$ 8.1	$ 7.7	$ 7.3

EXIT AND DISPOSAL ACTIVITIES - Schedule of Rollforward of Restructuring Accrual (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	$ 3.9	$ 4.0
Provisions	0.6	8.2
Cash expenditures	(3.2)	(8.4)
Non-cash items		0.1
Accrual balance at ending	1.3	3.9
Termination Benefits
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	3.4	3.7
Provisions	0.6	7.6
Cash expenditures	(2.8)	(8.1)
Non-cash items		0.2
Accrual balance at ending	1.2	3.4
Other Costs
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	0.5	0.3
Provisions	0.0	0.6
Cash expenditures	(0.4)	(0.3)
Non-cash items		(0.1)
Accrual balance at ending	$ 0.1	$ 0.5

DEBT - Senior Notes (Details)	Jun. 17, 2024	May 23, 2024 USD ($) day $ / shares	May 20, 2024 USD ($)	Mar. 03, 2021 USD ($)	Jun. 30, 2020 USD ($)	Sep. 24, 2019 USD ($)	Sep. 20, 2016 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023	Sep. 20, 2016 EUR (€)
Debt Instrument [Line Items]
Amount		$ 50,000,000	$ 50,000,000
Convertible Debt
Debt Instrument [Line Items]
Redemption price percentage	100.667%
3.375% Exchangeable Notes, due June 1, 2029
Debt Instrument [Line Items]
Stated interest rate		3.375%						3.375%
3.375% Exchangeable Notes, due June 1, 2029 \| Convertible Debt
Debt Instrument [Line Items]
Stated interest rate		3.375%
Aggregate borrowing amount		$ 350,000,000
Payments for premium on equity component of convertible debt		$ 25,200,000
Threshold percentage of stock price trigger		130.00%
Threshold trading days \| day		20
Threshold consecutive trading days \| day		30
Convertible, conversion price (in dollars per share) \| $ / shares		$ 121.86
Scheduled trading day \| day		41
Redemption price percentage		100.00%
Unamortized debt issuance costs		$ 11,800,000						$ 11,100,000
3.375% Exchangeable Notes, due June 1, 2029 \| Convertible Debt \| Debt Instrument, Conversion Terms, Scenario One
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		130.00%
Threshold trading days \| day		20
Threshold consecutive trading days \| day		30
3.375% Exchangeable Notes, due June 1, 2029 \| Convertible Debt \| Debt Instrument, Conversion Terms, Scenario Two
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		98.00%
Threshold trading days \| day		5
Threshold consecutive trading days \| day		10
3.375% Exchangeable Notes, due June 1, 2029 \| Convertible Debt \| Debt Instrument, Conversion Terms, Scenario Three
Debt Instrument [Line Items]
Threshold consecutive trading days \| day		10
3.375% Exchangeable Notes, due June 1, 2029 \| Senior Notes
Debt Instrument [Line Items]
Conversion ratio		0.008206
4.00% Notes, due October 1, 2026
Debt Instrument [Line Items]
Stated interest rate								4.00%	4.00%	4.00%
Aggregate borrowing amount \| €										€ 425,000,000
Capitalized debt issuance costs							$ 7,700,000
5.00% Notes, due October 1, 2029
Debt Instrument [Line Items]
Stated interest rate						5.00%		5.00%	5.00%
Aggregate borrowing amount						$ 300,000,000
Unamortized debt issuance costs								$ 100,000
Capitalized debt issuance costs						$ 4,100,000
Minimum percentage of aggregate outstanding principal amount to declare acceleration of debt in case of default						25.00%
5.50% Notes, due July 15, 2030
Debt Instrument [Line Items]
Stated interest rate								5.50%	5.50%
Minimum percentage of aggregate outstanding principal amount to declare acceleration of debt in case of default					25.00%
5.50% Notes, due July 15, 2030 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate					5.50%
Aggregate borrowing amount					$ 300,000,000
Unamortized debt issuance costs					$ 6,200,000			$ 200,000
5.50% Notes, due July 15, 2030 \| Senior Notes \| Prior to July 15, 2025
Debt Instrument [Line Items]
Redemption price percentage					100.00%
5.50% Notes, due July 15, 2030 \| Senior Notes \| Before July, 2023
Debt Instrument [Line Items]
Redemption price, percentage of principal amount redeemed					35.00%
3.875% Notes, due March 15, 2031
Debt Instrument [Line Items]
Stated interest rate								3.875%	3.90%
Minimum percentage of aggregate outstanding principal amount to declare acceleration of debt in case of default				25.00%
3.875% Notes, due March 15, 2031 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate				3.875%
Aggregate borrowing amount				$ 500,000,000
Unamortized debt issuance costs				$ 7,600,000				$ 1,300,000
3.875% Notes, due March 15, 2031 \| Senior Notes \| Prior to July 15, 2025
Debt Instrument [Line Items]
Redemption price percentage				100.00%
3.875% Notes, due March 15, 2031 \| Senior Notes \| Before July, 2023
Debt Instrument [Line Items]
Redemption price percentage				35.00%

DEBT - Aggregate Scheduled Maturities of Debt and Capital Lease Obligations (Details) $ in Millions	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 0.0
2026	0.0
2027	0.0
2028	0.0
2029	350.0
Thereafter	146.1
Total long-term debt	$ 496.1

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

GOODWILL AND INTANGIBLES - Schedule of Carrying Value and Accumulated Amortization for Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Amortizable intangible assets
Gross Carrying Amount	$ 745.0	$ 737.9
Accumulated Amortization	(504.2)	(456.2)
Net	240.8	281.7
Total Intangible Assets, Gross Carrying Amount	1,494.6	1,516.3
Total Intangible Assets, Net	990.4	1,060.1
Tradenames
Amortizable intangible assets
Gross Carrying Amount	749.6	778.4
Net	749.6	778.4
Customer relationships
Amortizable intangible assets
Gross Carrying Amount	641.8	635.0
Accumulated Amortization	(452.3)	(412.9)
Net	189.5	222.1
Technology assets
Amortizable intangible assets
Gross Carrying Amount	75.3	75.3
Accumulated Amortization	(41.0)	(35.9)
Net	34.3	39.4
Tradenames
Amortizable intangible assets
Gross Carrying Amount	27.9	27.6
Accumulated Amortization	(10.9)	(7.4)
Net	$ 17.0	$ 20.2

EMPLOYEE BENEFIT PLANS - Schedule of Projected Benefit Obligations, Accumulated Benefit Obligations, and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 54.0	$ 50.9
Accumulated benefit obligation	54.0	50.9
Fair value of plan assets	53.2	49.0
Non U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	66.8	57.0
Accumulated benefit obligation	64.0	57.0
Fair value of plan assets	$ 51.1	$ 43.5

EMPLOYEE BENEFIT PLANS - Schedule of Benefit Payments Expected to be Paid (Details) $ in Millions	Sep. 30, 2024 USD ($)
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2025	$ 4.9
2026	4.2
2027	4.2
2028	4.2
2029	4.1
2025-2034	19.5
Non U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2025	4.6
2026	5.0
2027	5.7
2028	6.0
2029	5.7
2025-2034	$ 32.2

SHAREHOLDER’S EQUITY

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

SHAREHOLDER’S EQUITY

SHAREHOLDER'S EQUITY

The Company has a share repurchase program that is executed through purchases made from time to time either in the open market or otherwise. On May 20, 2024, the Company announced a new $500 million common stock repurchase program authorized by its Board of Directors, replacing the Company’s previously approved share repurchase program of $1.0 billion. As part of the previously approved share repurchase program, the Company purchased treasury shares in open market purchases at market fair value in private purchases from employees or significant shareholders at fair value and through an accelerated share repurchase (“ASR”) agreement with a third-party financial institution, further discussed below. As part of the recently approved stock repurchase program, the Company purchased $50.0 million of common stock concurrent with the pricing of the offering of the Exchangeable Notes in privately negotiated transactions effected through one of the initial purchasers and/or its affiliates, at market price. Purchases under the program may be made in the open market or in privately negotiated transactions from time to time at management’s discretion. The repurchase program may be suspended or discontinued at any time.

On June 20, 2023, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with a third-party financial institution to repurchase an aggregate of $500 million of the Company’s common stock, par value $0.01 per share. The Company funded the share repurchases under the ASR Agreement with cash on-hand following the closing of the sale of the Company’s HHI segment. Pursuant to the agreement, the Company paid $500.0 million to the financial institution at inception of the agreement and took delivery of 5.3 million shares, which represented 80% of the total shares the company expected to receive based on the market price at the time of the initial delivery. The transaction was accounted for as an equity transaction. The fair value of the initial shares received of $400.0 million were recorded as a treasury stock transaction, with the remainder of $100.0 million recorded as a reduction of Additional Paid-In Capital ("APIC") during the year ended September 30, 2023. Upon initial receipt of the shares, there was an immediate reduction in the weighted average common shares calculation for basic and diluted earnings per share. Upon settlement of the ASR Agreement effective November 16, 2023, the financial institution delivered additional shares of 1.3 million, based on the volume weighted average price per share of our common stock over the term of the agreement, less a negotiated discount, and recognized a non-cash treasury share repurchase from APIC of $83.2 million during the year ended September 30, 2024, based upon the market value of the Company’s stock at the time of settlement.


	2024					2023					2022
(in millions, except per share data)	Number of Shares Repurchased	Average Price Per Share		Amount		Number of Shares Repurchased	Average Price Per Share		Amount		Number of Shares Repurchased	Average Price Per Share		Amount
Open market purchases	5.6	$	77.48	$	432.7	0.4	$	81.60	$	34.7	1.4	$	97.34	$	134.0
Private purchases	0.5	93.74		50.0		—	—		—		—	—		—
ASR	1.3	65.84		83.2		5.3	74.86		400.0		—	—		—
Total purchases	7.4	76.66		$	565.9	5.7	75.36		$	434.7	1.4	97.34		$	134.0

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values for Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 1.8	$ 3.3
Derivative liabilities	15.3	9.0
Debt	576.3	1,418.6
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1.8	3.3
Derivative liabilities	15.3	9.0
Debt	560.8	1,555.5
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Debt	0.0	0.0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1.8	3.3
Derivative liabilities	15.3	9.0
Debt	576.3	1,418.6
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Debt	$ 0.0	$ 0.0

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

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- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

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Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

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+ Details

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Finance leases	$ 141.4	$ 136.9
Property, plant and equipment	734.7	704.7
Accumulated depreciation	(468.1)	(429.6)
Property, plant and equipment, net	266.6	275.1
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	88.2	83.4
Machinery, tooling and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	337.4	330.1
Computer software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	142.6	136.2
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 25.1	$ 18.1

DEBT

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

DEBT

Debt as of September 30, 2024 and 2023 consist of the following:



	2024				2023
(in millions)	Amount		Rate		Amount		Rate


3.375% Exchangeable Notes, due June 1, 2029	$	350.0	3.4	%	$	—	—	%
4.00% Notes, due October 1, 2026	—		—	%	448.8		4.0	%
5.00% Notes, due October 1, 2029	4.9		5.0	%	297.2		5.0	%
5.50% Notes, due July 15, 2030	13.2		5.5	%	288.5		5.5	%
3.875% Notes, due March 15, 2031	128.0		3.9	%	453.0		3.9	%

Obligations under finance leases	81.6		5.4	%	86.4		5.3	%
Total debt	577.7				1,573.9

Debt issuance costs	(16.9)				(18.4)
Less current portion	(9.4)				(8.6)
Long-term debt, net of current portion	$	551.4			$	1,546.9

The aggregate scheduled maturities of debt obligations are as follows, excluding obligations under capital leases. See Note 12 - Leases for scheduled maturities of obligations under capital leases:


(in millions)	Amount
2025	$	—
2026	—
2027	—
2028	—
2029	350.0
Thereafter	146.1
Total long-term debt	$	496.1

Credit Agreement and Revolver Facility

On October 19, 2023, Spectrum Brands, Inc. (“SBI”), a wholly-owned subsidiary of Spectrum Brands, Holdings, Inc. (“SBH”), and SB/RH Holdings, LLC (“SB/RH”), a wholly-owned subsidiary of Spectrum Brands Holdings, Inc. and parent to SBI, entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”), by and among the Company, SB/RH, Royal Bank of Canada, as the administrative agent, and the lenders party thereto. The proceeds of the Credit Agreement will be used for working capital needs and other general corporate purposes. The Credit Agreement refinanced the Company’s previous credit agreement and includes certain modified terms from the previous Credit Agreement, including extending the maturity to October 19, 2028, and the reduction of the Revolver Facility to $500 million (with a U.S. dollar tranche and a multicurrency tranche). The Credit Agreement contains customary affirmative and negative covenants, including, but not limited to, restrictions on SBI and its restricted subsidiaries’ ability to incur indebtedness, create liens, make investments, pay dividends or make certain other distributions, and merge or consolidate or sell assets, in each case subject to certain expectations set forth in the Credit Agreement.

The aggregate commitment amount with respect to (a) the U.S. dollar tranche of the Revolving Facility is $400 million and (b) the multi-currency tranche of the Revolving Facility is $100 million. The commitment fee rate is equal to 0.20% of the unused commitments under the Revolving Facility (which may be increased to a maximum rate equal to 0.40% based on certain total net leverage ratios specified in the Credit Agreement).

All outstanding amounts under the U.S. dollar tranche (if funded in U.S. dollars) will bear interest, at the option of the Company, at a rate per annum equal to (x) Term SOFR, plus a margin ranging between 1.00% to 2.00% per annum (based on certain total net leverage ratios specified in the Credit Agreement) or (y) the Alternate Base Rate (as defined in the Credit Agreement), plus a margin ranging between 0.00% to 1.00% per annum (based on certain total net leverage ratios specified in the Credit Agreement).

The multi-currency tranche (if funded in Euros) will bear interest at a rate per annum equal to the EURIBOR Rate, plus a margin ranging between 1.00% to 2.00% per annum (based on certain total net leverage ratios specified in the Credit Agreement). The multi-currency tranche (if funded in Canadian dollars) will bear interest, at the option of the Company, at a rate per annum equal to (x) Term CORRA (Canadian Overnight Repo Rate Average), plus a margin ranging between 1.00% to 2.00% per annum (based on certain total net leverage ratios specified in the Credit Agreement) or (y) the Canadian Prime Rate, plus a margin ranging between 0.00% to 1.00% per annum (based on certain total net leverage ratios specified in the Credit Agreement). The multi-currency tranche (if funded in Pounds Sterling) will bear interest at a rate per annum equal to the SONIA, plus a margin ranging between 1.00% to 2.00% per annum (based on certain total net leverage ratios specified in the Credit Agreement).

Pursuant to a guarantee agreement, SBH and the material wholly-owned domestic subsidiaries of SBI have guaranteed SBI’s obligations under the Credit Agreement and related loan documents. Pursuant to a security agreement, SBI and such subsidiary guarantors have pledged substantially all of their respective assets to secure such obligations and, in addition, SBH has pledged the capital stock of SBI to secure such obligations. The Credit Agreement also provides for customary events of default including payment defaults and cross-defaults to other material indebtedness.

The Credit Agreement, solely with respect to the Revolver Facility, contains a financial covenant test on the last day of each fiscal quarter on the maximum total leverage ratio. This is calculated as the ratio of (i) the principal amount of third-party debt for borrowed money (including unreimbursed letter of credit drawings), capital leases and purchase money debt, at period-end, less cash and cash equivalents, to (ii) adjusted EBITDA for the trailing twelve months. The maximum total leverage ratio should be no greater than 6.0 to 1.0.

As a result of borrowings and payments under the Revolver Facility, as of September 30, 2024, the Company had borrowing availability of $490.8 million, net of outstanding letters of credit of $9.2 million. As of September 30, 2024, there was unamortized debt issuance costs of $4.3 million associated with the Credit Agreement.

3.375% Exchangeable Notes due June 1, 2029

On May 23, 2024, SBI completed its offering of $350.0 million principal amount of 3.375% Exchangeable Senior Notes due 2029 (the “Exchangeable Notes”), which are unconditionally guaranteed jointly and severally, on a senior unsecured basis by SBH and, subject to certain exceptions, each of SBI's existing and future domestic subsidiaries that guarantee other debt securities issued by SBI or SBH in the form of senior unsecured notes or convertible or exchangeable notes. The Notes are governed by the terms of the indenture, dated as of May 23, 2024, among the Company, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee. The Exchangeable Notes will mature on June 1, 2029, unless earlier repurchased, redeemed or converted. The Exchangeable Notes are senior unsecured obligations of the Company with interest payable semiannually June 1 and December 1 of each year, beginning on December 1, 2024. Proceeds from the issuance were used to fund a $50.0 million share repurchase of SBH's common stock, to pay $25.2 million in premiums on the Capped Calls (as described below) and other general company needs.

Holders may convert their notes at their option at any time after the close of business on the business day immediately preceding March 1, 2029 under the following circumstances:

•During any calendar quarter (and only during such calendar quarter) beginning after September 30, 2024, if, the last reported sale price per share of SBH’s common stock exceeds 130% of the applicable conversion price on each applicable trading day for at least 20 trading days in the period of the 30 consecutive trading day period ending on, and including, the last trading day of the immediately preceding calendar quarter;

•During the five business day period after any ten consecutive trading day period in which, for each day of that period, the trading price per $1,000 principal amount of the Exchangeable Notes for such trading day was less than 98% of the product of the last reported sale price of SBH’s common stock and the applicable conversion rate on such trading day;

•The Company issues to common stockholders any rights, options, or warrants, entitling them to purchase shares of common stock at a price per share less than the average closing sale price of 10 consecutive trading days, or the Company’s election to make a distribution to common stockholders exceeding 10% of the previous day’s closing sale price;

•Upon the occurrence of specified corporate events, as set forth in the indenture governing the Exchangeable Notes; or

•Prior to the related redemption date if the Company calls the Exchangeable Notes for redemption.

On or after March 1, 2029, until the close of business on the scheduled trading day immediately preceding the maturity date, holders may convert all or a portion of their Exchangeable Notes, in multiples of $1,000 principal amount, at any time, regardless of the foregoing circumstances. The conversion rate for the Exchangeable Notes is 8.2060 shares of common stock per $1,000 principal amount of notes (which is equal to an initial conversion price of approximately $121.86 per share of SBH’s common stock), subject to adjustment as set forth in the Indenture. Upon conversion, the Company will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, common stock or a combination of cash and common stock, at the Company’s election, in respect of the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the notes being converted. If a make-whole adjustment event, as described in the Indenture, occurs and a holder elects to convert its Exchangeable Notes in connection with such make-whole adjustment event, such holder may be entitled to an increase in the conversion rate as described in the Indenture.

The Exchangeable Notes will be redeemable, in whole or in part, at the Company’s option at any time, and from time to time, on or after June 7, 2027 if the notes are freely tradeable and on or before the 41st scheduled trading day immediately before the maturity date, if the last reported sale price per share of the SBH’s common stock exceeds 130% of the conversion price then in effect for at least 20 of any 30 consecutive trading day period ending on, and including, the trading day immediately before the date the Company sends the related redemption notice at a redemption price equal to 100% of the principal amount of the Exchangeable Notes to be redeemed, plus accrued and unpaid interest to, but excluding the redemption date. Upon the occurrence of certain fundamental changes involving the Company, holders of the Exchangeable Notes may require the Company to repurchase for cash all or part of their Exchangeable Notes at a repurchase price equal to 100% of the principal amount of the Exchangeable Notes to be repurchased, plus accrued and unpaid interest.

The Company incurred $11.8 million in fees and expenses in connection with the issuance of the Exchangeable Notes which were capitalized as debt issuance costs and will be amortized over the term of the Exchangeable Notes. As of September 30, 2024, there was unamortized debt issuance costs of $11.1 million associated with the Exchangeable Notes.

Since the issuance of the Exchangeable Notes, the conditions allowing holders of the Exchangeable Notes to convert have not been met. The Exchangeable Notes were therefore not convertible as of September 30, 2024, and were classified as long-term debt on the Consolidated Statements of Financial Position.

Capped Call Transactions

In connection with the issuance of the Exchangeable Notes, the Company entered into capped call transactions with certain financial institutions (“Capped Calls”). The Capped Calls each have an initial strike price of approximately $121.86 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Exchangeable Notes. The Capped Calls have initial cap prices of $159.36 per share, subject to certain adjustments. The Capped Calls are expected to partially offset the potential dilution to the Company’s common stock upon any conversion of the Exchangeable Notes, with such offset subject to a cap based on the cap price. The Capped Calls cover, subject to anti-dilution adjustments, approximately 0.7 million shares of SBH’s common stock. The Capped Calls will expire upon the maturity of the Exchangeable Notes. The Company used $25.2 million of the net proceeds from the offering of the Exchangeable Notes to pay premiums on the Capped Calls. The Capped Calls are separate transactions entered into by us with the counterparties, and not part of the terms of the Exchangeable Notes and do not change the holders’ rights under the Exchanges Notes. The capped call transactions do not meet the criteria for separate accounting as a derivative as they meet the criteria for equity classification, and the capped call transaction premiums are recorded as a reduction to Additional Paid-In Capital within Shareholders’ Equity, net of deferred income taxes.

4.00% Notes due October 1, 2026 (“2026 Notes”)

On September 20, 2016, SBI issued €425 million aggregate principal amount of 4.00% Notes due October 1, 2026. The 2026 Notes were guaranteed by SB/RH as well as by SBI’s existing and future domestic subsidiaries. The Company recorded $7.7 million of fees in connection with the offering of the 2026 Notes, which have been capitalized as debt issuance costs and were amortized over the remaining life of the 2026 Notes. During the year ended September 30, 2024, concurrent with the issuance of the Exchangeable Notes, the Company initiated a cash tender offer and fully redeemed the outstanding principal amount of the 2026 Notes, resulting in a full write-off of unamortized debt issuance costs and loss on early extinguishment, as further discussed below.

5.00% Notes due October 1, 2029 (“2029 Notes”)

On September 24, 2019, SBI issued $300 million aggregate principal amount of 5.00% Senior Notes due October 1, 2029. The 2029 Notes are guaranteed by SBI’s existing and future domestic subsidiaries.

SBI may redeem some or all of the 2029 Notes at certain fixed redemption prices. Further, the indenture governing the 2029 Notes (the “2029 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2029 Indenture.

The 2029 Indenture contains covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2029 Indenture proves for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2029 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 2029 Notes. If any other event of default under the 2029 Indenture occurs and is continuing, the trustee for the 2029 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 2029 Notes, may declare the acceleration of the amounts due under those notes. As of September 30, 2024, we were in compliance with all covenants under the indentures governing the 2029 Notes.

The Company recorded $4.1 million of fees in connection with the offering of the 2029 Notes, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 2029 Notes. During the year ended September 30, 2024, concurrent with the issuance of the Exchangeable Notes, the Company initiated a cash tender offer and partially redeemed the outstanding principal amount of the 2029 Notes, resulting in a partial write-off of unamortized debt issuance costs and loss on early extinguishment, as further discussed below, further discussed below. As of September 30, 2024, there was unamortized debt issuance costs of $0.1 million associated with the 2029 Notes.

5.50% Notes due July 15, 2030 (“2030 Notes”)

On June 30, 2020, SBI issued $300 million aggregate principal amount of 5.50% Senior Notes due July 13, 2030. The 2030 Notes are guaranteed by SBI's existing and future domestic subsidiaries.

On or after July 15, 2025, SBI may redeem some or all of the 2030 Notes at certain fixed redemption prices. In addition, prior to July 15, 2025, SBI may redeem the applicable outstanding notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium, plus accrued and unpaid interest. SBI may redeem up to 35% of the aggregate principal amount of the notes before July 15, 2023 with cash equal to the net proceeds that SBI raises in equity offerings at specified redemption price. Further, the indenture governing the 2030 Notes (the “2030 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2030 Indenture.

The 2030 Indenture contains covenants limiting, among other things, the incurrence of additional indebtedness, payments of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2030 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or an acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2030 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 2030 Notes. If any other event of default under the 2030 Indenture occurs and is continuing, the trustee for the 2030 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 2030 Notes, may declare the acceleration of the amounts due under those notes. As of September 30, 2024, we were in compliance with all covenants under the indentures governing the 2030 Notes.

The Company recorded $6.2 million of fees in connection with the offering of the 2030 Notes, which have been capitalized as debt issuance costs and amortized over the remaining life of the 2030 Notes. During the year ended September 30, 2024, concurrent with the issuance of the Exchangeable Notes, the Company initiated a cash tender offer and partially redeemed the outstanding principal amount of the 2030 Notes, resulting in a partial write-off of unamortized debt issuance costs and loss on early extinguishment, as further discussed below. As of September 30, 2024, there was unamortized debt issuance costs of $0.2 million associated with the 2030 Notes.

3.875% Notes due March 15, 2031 (“2031 Notes”)

On March 3, 2021, SBI issued $500 million aggregate principal amount of 3.875% Senior Notes due March 15, 2031. The 2031 Notes are guaranteed by SBI's existing and future domestic subsidiaries.

On or after March 15, 2026, SBI may redeem some or all of the 2031 Notes at certain fixed redemption prices. In addition, prior to March 15, 2026, SBI may redeem the applicable outstanding notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium, plus accrued and unpaid interest. SBI may redeem up to 35% of the aggregate principal amount of the notes before March 15, 2024 with cash equal to the net proceeds that SBI raises in equity offerings at specified redemption price. Further, the indenture governing the 2031 Notes (the “2031 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2031 Indenture.

The 2031 Indenture contains covenants limiting, among other things, the incurrence of additional indebtedness, pay dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2031 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or an acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2031 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 2031 Notes. If any other event of default under the 2031 Indenture occurs and is continuing, the trustee for the 2031 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 2031 Notes, may declare the acceleration of the amounts due under those notes. As of September 30, 2024, we were in compliance with all covenants under the indentures governing the 2031 Notes.

The Company recorded $7.6 million of fees in connection with the offering of the 2031 Notes, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 2031 Notes. During the year ended September 30, 2024, concurrent with the issuance of the Exchangeable Notes, the Company initiated a cash tender offer and partially redeemed the outstanding principal amount of the 2031 Notes, resulting in a partial write-off of unamortized debt issuance costs and gain on early extinguishment, as further discussed below. As of September 30, 2024, there was unamortized debt issuance costs $1.3 million associated with the 2031 Notes.

Tendered Notes and Redemption of 2026 Notes

On May 20, 2024, the Company commenced a cash tender offer (the “Tender Offer”) by its wholly-owned subsidiary, SBI, of up to the outstanding aggregate principal amount of the 2026 Notes, the 2029 Notes and the 2030 Notes, and a tender offer for the 2031 Notes (collectively, the “Tendered Notes”) that may be purchased for an combined aggregate purchase price of up to $925.0 million, including accrued and unpaid interest, with discretion to upsize the Tender Offer. On June 3, 2024, the Company received the early tender results and amended the Tender Offer to increase the previously announced maximum tender offer from $925.0 million to $1,160.5 million, including accrued and unpaid interest. On June 18, 2024, the Company completed the cash tender offer of the Tendered Notes.

Additionally, on June 17, 2024, the Company notified the trustee of the 2026 Notes that it would redeem the remaining aggregate principal amount not redeemed as part of the Tender Offer, which was subsequently paid on June 20, 2024, at a redemption price equal to 100.667% of the principal amount, plus accrued and unpaid interest, resulting in the full redemption of the 2026 Notes.


(in millions)	Amounts Tendered		Amounts Paid		Premium (Discount) Realized		Unamortized Debt Issuance Costs		Loss (Gain) on Early Extinguishment
2026 Notes	$	462.0	$	462.1	$	0.1	$	2.2	$	2.3
2029 Notes	284.2		284.2		—		2.9		2.9
2030 Notes	142.5		142.5		—		2.0		2.0
2031 Notes	285.7		277.7		(8.0)		3.0		(5.0)
Total	$	1,174.4	$	1,166.5	$	(7.9)	$	10.1	$	2.2

In connection with the Tender Offer, the Company solicited consents (the “Consent Solicitation”) from the respective holders of the indentures governing the 2026 Notes, the 2029 Notes and the 2030 Notes (collectively, the “Consent Notes”) for certain proposed amendments with respect to each series of Consent Notes. The Company did not solicit any consents from the holders of the 2031 Notes. The proposed amendments required the requisite consents applicable to each series of Consent Notes and amended the indenture for each of the Consent Notes.

Following the receipt of the requisite consents with respect to each series of Consent Notes, the Company entered into (i) supplemental indenture, dated as of June 4, 2024 (the “2026 Supplemental Indenture”), by and among the Company, the guarantors party thereto (the “Guarantors”), U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the “Trustee”), Elavon Financial Services DAC, UK Branch, as paying agent and Elavon Financial Services DAC, as registrar and transfer agent, relating to the 2026 Notes, (ii) supplemental indenture, dated as of June 4, 2024 (the “2029 Supplemental Indenture”), by and among the Company, the Guarantors and the Trustee, relating to the 2029 Notes and (iii) supplemental indenture, dated as of June 4, 2024 (the “2030 Supplemental Indenture” and, together with the 2026 Supplemental Indenture and 2029 Supplemental Indenture, the “Supplemental Indentures”), by and among the Company, the Guarantors and the Trustee, relating to the 2030 Notes, to effect the proposed amendments. The Supplemental Indentures shorten the notice periods for the redemption of the Consent Notes and eliminate substantially all of the restrictive covenants and certain events of default under each indenture governing the Consent Notes, among other things.

Additionally, Spectrum Brands Holdings, Inc. has agreed to irrevocably and unconditionally guarantee the 2031 Notes pursuant to a guarantee agreement, dated as of June 20, 2024, in favor of the holders of the 2031 Notes, the Company and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee.

Debt Repurchase

During the years ended September 30, 2024 and 2023, the Company repurchased certain Senior Notes available for sale on the open market, at a discount, which were ultimately retired upon receipt. The repurchase of debt obligations are treated as an extinguishment, with any realized discount recognized as a gain on debt repurchase on the Consolidated Statements of Income, net any write-off of related deferred financing costs. The following summarizes the repurchase activity for each of the respective Senior Notes, including the amounts paid (excluding amounts paid for unpaid and accrued interest) for debt repurchases, the write-off of unamortized debt issuance costs and gain from early extinguishment realized during the years ended September 30, 2024 and 2023:


	2024								2023
(in millions)	Amounts Repurchased		Amounts Paid		Unamortized Debt Issuance Costs		Gain on Early Extinguishment		Amounts Repurchased		Amounts Paid		Unamortized Debt Issuance Costs		Gain on Early Extinguishment
2029 Notes	$	8.1	$	7.8	$	0.1	$	0.2	$	2.8	$	2.6	$	—	$	0.2
2030 Notes	132.8		130.5		2.0		0.3		11.5		10.7		0.2		0.6
2031 Notes	39.2		34.6		0.4		4.2		47.1		39.4		0.6		7.1
Total	$	180.1	$	172.9	$	2.5	$	4.7	$	61.4	$	52.7	$	0.8	$	7.9

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 6
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1B
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SEGMENT INFORMATION

12 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company identifies its segments based upon the internal organization that is used by management for making operating decisions, allocating capital and resources amongst the operations, and assessing performance as the source of its reportable segments. The Company manages its continuing operations in three vertically integrated, product-focused reporting segments: (i) GPC, which consists of the Company’s global pet care business; (ii) H&G, which consists of the Company’s home and garden, insect control and cleaning products business and (iii) HPC, which consists of the Company’s global small kitchen and personal care appliances businesses. Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a president responsible for the sales and marketing initiatives and financial results for product lines within the segment. See Note 1 - Description of Business for further details.


(in millions)	2024		2023		2022
GPC	$	1,151.5	$	1,139.0	$	1,175.3
H&G	578.6		536.5		587.1
HPC	1,233.8		1,243.3		1,370.1
Net sales	$	2,963.9	$	2,918.8	$	3,132.5

The Chief Operating Decision Maker of the Company uses Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) as the primary operating metric in evaluating the business and making operating decisions. EBITDA is calculated by excluding the Company’s income tax expense, interest expense, depreciation expense and amortization expense (from intangible assets) from net income. Adjusted EBITDA also excludes certain non-cash adjustments including share based compensation (see Note 18 - Share Based Compensation for further detail); impairment charges on property, plant and equipment, operating and finance lease assets, and goodwill and other intangible assets (See Note 9 - Property, Plant and Equipment, Note 12 - Leases, and Note 10 - Goodwill and Intangible Assets and for further detail, respectively); gain or loss from the early extinguishment of debt through the repurchase or early redemption of outstanding debt (See Note 11 - Debt for further detail); and purchase accounting adjustments recognized in income subsequent to an acquisition attributable to the step in value on assets acquired, including, but not limited to, inventory or operating lease assets. Additionally, the Company will further recognize adjustments from Adjusted EBITDA for other costs, gains and losses that are considered significant, non-recurring, or otherwise not supporting the continuing operations and revenue generating activity of the segment or Company, including but not limited to, exit and disposal activities (See Note 4 - Exit and Disposal Activities for further detail), or incremental costs associated with strategic transactions, restructuring and optimization initiatives such as the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure the Company and its operations.

The segments are supported through center-led corporate shared service operations which are enabling functions to the segments consisting of finance and accounting, information technology, legal and human resource, supply chain and commercial operations. Costs attributable to such shared service operations are allocated to the segments based upon various metrics which are considered representative to the use and support provided by such enabling functions to each of the segments.

The Company has not included the results from discontinued operations within the following segment reporting when the discontinued operations were previously reported as a segment in any prior period. Indirect costs from shared enabling functions supporting discontinued operations during the fiscal periods of the Company’s ownership of the divested segment, prior to the completion of the divestiture, are excluded from the reporting of income (loss) from discontinued operations and included within the income (loss) for continuing operations as they are not direct costs of the disposal group. The indirect costs are considered unallocated shared service costs and not allocated across the remaining segments of the Company during the respective periods. See Note 3 - Divestitures for further discussion.

The Company also incurs costs attributable to corporate functions such as tax, treasury, internal audit, corporate finance, legal and corporate executive and board related governance costs which are considered corporate costs of the Company and not allocated to the segments. Interest costs attributable to external borrowings, including finance leases, are not recognized or allocated to segments. Interest income is generally not recognized or allocated to segments.

The following is a summary of segment Adjusted EBITDA reconciled to the Company’s pre-tax operating income from continuing operation for the years ended September 30, 2024, 2023 and 2022.


(in millions)	2024		2023		2022
GPC	$	216.1	$	190.6	$	168.6
H&G	90.8		72.5		86.2
HPC	75.3		43.1		69.6
Total segment adjusted EBITDA	382.2		306.2		324.4
Interest expense	58.5		116.1		99.4
Depreciation	57.3		48.9		49.0
Amortization	44.5		42.3		50.3
Corporate costs	66.1		41.1		41.3
Unallocated shared service costs	—		18.0		27.6
Interest income1	(55.7)		(37.9)		—
Share based compensation	17.5		17.2		10.2
Non-cash impairment charges	50.3		242.6		—
Non-cash purchase accounting adjustments	1.2		1.9		8.3
(Gain) loss from early extinguishment of debt	(2.6)		3.0		—
Exit and disposal costs	1.0		9.3		10.4
HHI separation costs2	3.9		8.4		6.3
HPC separation initiatives2	13.4		4.2		19.1
Global ERP transformation2	15.0		11.4		13.1
Tristar Business acquisition and integration2	—		11.5		24.3
Rejuvenate integration2	—		—		6.8
Armitage integration2	—		—		1.4
Omega production integration2	—		—		4.6
Coevorden operations divestiture2	—		2.7		8.8

GPC distribution center transition2	—		—		35.8

HPC brand portfolio transition2	—		2.5		1.3
HPC product recall3	6.9		7.7		5.5
Gain from remeasurement of contingent consideration liability4	—		(1.5)		(28.5)
Representation and warranty insurance proceeds5	(65.0)		—		—
Litigation charges6	2.9		3.0		1.5
HPC product disposal7	—		20.6		—
Other8	3.4		23.4		18.2
Income (loss) from continuing operations before income taxes	$	163.6	$	(290.2)	$	(90.3)

________________________________________

1 Interest income is primarily associated with the corporate investment of cash proceeds from the HHI divestiture in June 2023.

3 Incremental net costs from product recalls in the HPC segment. See Note 20 - Commitment and Contingencies for further detail.

4 Non-cash gain from the remeasurement of a contingent consideration liability associated with the Tristar Business acquisition during the years ended September 30, 2023 and 2022.

5 Gain from the receipt of insurance proceeds on representation and warranty policies associated with the Tristar Business acquisition. See Note 20 Commitment and Contingencies for further detail.

6 Litigation costs primarily associated with the Tristar Business acquisition. See Note 20 - Commitment and Contingencies for further detail.

7 Non-cash write-off from disposal of HPC inventory. See Note 8 - Inventory for further details.

Depreciation and amortization relating to the segments are as follows for the years ended September 30, 2024, 2023 and 2022:


(in millions)	2024		2023		2022
GPC	$	36.7	$	37.4	$	37.4
H&G	19.4		18.8		18.6
HPC	21.4		20.4		28.7
Total segments	77.5		76.6		84.7
Corporate and shared operations	24.3		14.6		14.6
Total depreciation and amortization	$	101.8	$	91.2	$	99.3

Segment assets consist of Inventories, net. The following is a summary of segment assets and a reconciliation of segment assets to total assets of the Company were as follows as of September 30, 2024 and 2023:


Segment total assets (in millions)	2024		2023
GPC	$	159.4	$	171.8
H&G	85.6		90.7
HPC	217.1		200.3
Total segment assets	462.1		462.8
Other current assets	1,116.5		2,463.1
Non-current assets	2,263.7		2,332.5
Total assets	$	3,842.3	$	5,258.4

Geographic Financial Information

Net sales geographic regions (based upon destination) for the years ended September 30, 2024, 2023 and 2022 are as follows:



Net sales to external parties - Geographic Disclosure (in millions)	2024		2023		2022
United States	$	1,715.8	$	1,722.4	$	1,901.6
Europe/MEA	885.2		830.7		820.0
Latin America	211.8		206.8		243.3
Asia-Pacific	99.4		106.6		108.5
North America - Other	51.7		52.3		59.1
Net sales	$	2,963.9	$	2,918.8	$	3,132.5

Long-lived asset information, consisting of Property Plant and Equipment, Net, and Operating Lease Assets, as of September 30, 2024 and 2023 by geographic area are as follows:



Long-lived assets - Geographic Disclosure (in millions)	2024		2023
United States	$	285.7	$	321.4
Europe/MEA	73.0		53.7
Latin America	2.4		2.6
North America - Other	1.3		—
Asia-Pacific	6.1		8.2
Total long-lived assets	$	368.5	$	385.9

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

SEGMENT INFORMATION - Schedule of Segment Total Assets Relating to Segments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Other current assets	$ 1,116.5	$ 2,463.1
Non-current assets	2,263.7	2,332.5
Total assets	3,842.3	5,258.4
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	462.1	462.8
Operating Segments \| GPC
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	159.4	171.8
Operating Segments \| H&G
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	85.6	90.7
Operating Segments \| HPC
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 217.1	$ 200.3

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net sales	$ 2,963.9	$ 2,918.8	$ 3,132.5
Cost of goods sold	1,854.6	1,994.5	2,142.1
Gross profit	1,109.3	924.3	990.4
Selling, general & administrative	958.5	899.6	995.7
Impairment of goodwill	0.0	111.1	0.0
Impairment of intangible assets	45.2	120.7	0.0
Representation and warranty insurance proceeds	(65.0)	0.0	0.0
Gain from remeasurement of contingent consideration liability	0.0	(1.5)	(28.5)
Total operating expenses	938.7	1,129.9	967.2
Operating income (loss)	170.6	(205.6)	23.2
Interest expense	58.5	116.1	99.4
Interest income	(57.5)	(38.3)	(0.6)
(Gain) loss from early extinguishment of debt	(2.6)	3.0	0.0
Other non-operating expense, net	8.6	3.8	14.7
Income (loss) from continuing operations before income taxes	163.6	(290.2)	(90.3)
Income tax expense (benefit)	64.3	(56.5)	(13.3)
Net income (loss) from continuing operations	99.3	(233.7)	(77.0)
Income from discontinued operations, net of tax	25.5	2,035.6	149.7
Net income	124.8	1,801.9	72.7
Net income from continuing operations attributable to non-controlling interest	0.0	0.1	0.2
Net income from discontinued operations attributable to non-controlling interest	0.0	0.3	0.9
Net income attributable to controlling interest	124.8	1,801.5	71.6
Amounts attributable to controlling interest
Net income (loss) from continuing operations attributable to controlling interest	99.3	(233.8)	(77.2)
Net income from discontinued operations attributable to controlling interest	25.5	2,035.3	148.8
Net income attributable to controlling interest	$ 124.8	$ 1,801.5	$ 71.6
Earnings Per Share
Basic earnings per share from continuing operations (in dollars per share)	$ 3.28	$ (5.92)	$ (1.89)
Basic earnings per share from discontinued operations (in dollars per share)	0.84	51.57	3.64
Basic earnings per share (in dollars per share)	4.12	45.65	1.75
Diluted earnings per share from continuing operations (in dollars per share)	3.26	(5.92)	(1.89)
Diluted earnings per share from discontinued operations (in dollars per share)	0.84	51.57	3.64
Diluted earnings per share (in dollars per share)	4.10	45.65	1.75
Dividend per share (in dollars per share)	$ 1.68	$ 1.68	$ 1.68
Weighted Average Shares Outstanding
Basic (in shares)	30.3	39.5	40.9
Diluted (in shares)	30.5	39.5	40.9

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES

Principles of Consolidation and Fiscal Year End

Use of Estimates

Cash and Cash Equivalents

The Company considers all highly liquid temporary instruments purchased with original maturities of three months or less from date of purchase to be cash equivalents.

Short-Term Investments

Restricted Cash

Receivables

Inventories

Inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (FIFO) method. See Note 8 - Inventory for further detail.

Property, Plant and Equipment

The Company uses accelerated depreciation methods for income tax purposes. Useful lives for property, plant and equipment are as follows:


Asset Type						Range
Buildings and improvements						20 - 40 years
Machinery, tooling and equipment						2 - 15 years
Computer software						3 - 5 years

Internal Use Software and Cloud Computing Arrangements

Costs incurred towards the implementation of cloud computing arrangements, including software-as-a-service (“SaaS”), or other similar SaaS type services, such as platform as a service, infrastructure as a service and other hosting arrangements where we do not take possession of the software and instead gain access to the software remotely, are accounted for consistent with internal-use software development. Unlike internal-use software development costs, the amounts capitalized are recognized as a deferred balance similar to a prepayment or other deferred assets. Amortization of such costs are calculated on a straight-line basis over the applicable term of such hosting arrangements, recognized as Selling, General & Administrative Expense and not considered depreciation or amortization expense. If there is no software license provided by the contract, then the arrangement is considered a service contract and expensed as incurred. See Note 9 - Property, plant and equipment for further detail. Corresponding cash flows attributable to the implementation of cloud computing arrangements are recognized as operating activity.

Goodwill

Intangible Assets

Asset Type

Range

Customer relationships

12 - 20 years

Technology assets

8 - 18 years

Tradenames

6 - 12 years

Assets Held for Sale and Discontinued Operations

Debt Issuance Costs

Derivative Financial Instruments

Treasury Stock

Treasury stock purchases are stated at average cost and presented as a separate reduction of equity. See Note 17 - Shareholders’ Equity for further detail.

Noncontrolling Interest

Business Combinations and Acquisition Accounting

Revenue Recognition

Product Sales

Licensing Revenue

Other Revenue

Variable Consideration and Cash Paid to Customers

The Company excludes all sales taxes that are assessed by a governmental authority from the transaction price.

Product Returns

Shipping and Handling Costs

Advertising Costs

Research and Development Costs

Environmental Expenditures

Exit and Disposal Costs

Leases

Supplier Financing Programs

Income Taxes

Foreign Currency Translation

Foreign currency transaction gains and losses for transactions denominated in a currency other than the functional currency are reported in Other Non-Operating Expense, Net in the Consolidated Statements of Income in the period they occur. Exchange losses on foreign currency transactions were $7.5 million, $5.1 million, and $14.5 million for the years ended September 30, 2024, 2023 and 2022, respectively.

Newly Adopted Accounting Standards

Recently Issued Accounting Standards

potential consequences of Pillar 2 on our consolidated financial statements and long-term financial position.

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of September 30, 2024 and 2023 consist of the following:


(in millions)	2024		2023
Land, buildings and improvements	$	88.2	$	83.4
Machinery, tooling and equipment	337.4		330.1
Computer software	142.6		136.2
Finance leases	141.4		136.9
Construction in progress	25.1		18.1
Property, plant and equipment	$	734.7	$	704.7
Accumulated depreciation	(468.1)		(429.6)
Property, plant and equipment, net	$	266.6	$	275.1

Depreciation expense from property, plant and equipment for the years ended September 30, 2024, 2023 and 2022 was $57.3 million, $48.9 million, and $49.0 million, respectively.

During the year ended September 30, 2023, the Company completed the sale of two facilities in its EMEA region, primarily consisting of office space supporting the GPC segment, with total proceeds of $5.2 million and resulting in a gain on sale of $2.7 million, included as Selling, General and Administrative Expense on the Consolidated Statements of Income.

During the year ended September 30, 2023, the Company recognized a $3.9 million impairment charge on idle equipment associated with the early exit of a GPC warehouse lease, included as Selling, General and Administrative Expense on the Consolidated Statements of Income.

Additionally, the Company has deferred implementation costs for hosted cloud computing arrangements as of September 30, 2024 and 2023 as follows:


(in millions)	2024		2023
Deferred cloud computing costs, net	$	8.3	$	7.0
Reported as:
Prepaid expenses and other current assets	4.3		7.0
Deferred charges and other	4.0		—

Amortization of deferred hosted cloud computing costs arrangements implementation costs for the years ended September 30, 2024, 2023 and 2022 was $2.6 million, $1.1 million and $0.6 million, respectively.

DIVESTITURES

12 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

DIVESTITURES


(in millions)	2024		2023		2022
Income from discontinued operations before income taxes - HHI	$	14.9	$	136.9	$	253.3
Gain on sale of discontinued operations before income taxes – HHI	—		2,824.2		—
Gain (loss) from discontinued operations before income taxes - other	10.2		(2.4)		(3.8)
Interest on corporate debt allocated to discontinued operations	—		49.4		46.4
Income from discontinued operations before income taxes	25.1		2,909.3		203.1
Income tax (benefit) expense from discontinued operations	(0.4)		873.7		53.4
Income from discontinued operations, net of tax	25.5		2,035.6		149.7
Income from discontinued operations, net of tax attributable to noncontrolling interest	—		0.3		0.9
Income from discontinued operations, net of tax attributable to controlling interest	$	25.5	$	2,035.3	$	148.8

Interest on corporate debt allocated to discontinued operations includes interest on Term Loans that were required to be paid down using proceeds received on the disposal on sale of a business, plus allocated interest expense from corporate debt not directly attributable to or related to other operations based on the ratio of net assets of the disposal group held for sale to the consolidated net assets plus consolidated debt, excluding debt assumed in transaction, required to be repaid, or directly attributable to other operations of the Company. Corporate debt, including Term Loans, was not classified as held for sale as it is not directly attributable to the identified disposal groups.

Hardware and Home Improvement (“HHI”)

On September 8, 2021, the Company entered into a definitive Asset and Stock Purchase Agreement (the “ASPA”) with ASSA ABLOY AB (“ASSA”) to sell its HHI segment for cash proceeds of $4.3 billion, subject to customary purchase price adjustments. On June 20, 2023, the Company completed the divestiture resulting in the recognition of a gain on sale of $2.8 billion included as a component of income from discontinued operations before income taxes for the year ended September 30, 2023. In accordance with the ASPA, ASSA purchased the equity of certain subsidiaries of the Company and acquired certain assets and assumed certain liabilities of other subsidiaries used or held for the purpose of the HHI business. The Company and ASSA have made customary representations and warranties and have agreed to customary covenants relating to the acquisition. The Company and ASSA have agreed to indemnify each other for losses arising from certain breaches of the ASPA and for certain other matters. In particular, the Company has agreed to indemnify ASSA for certain liabilities relating to the assets retained by the Company, and ASSA has agreed to indemnify the Company for certain liabilities assumed by ASSA, in each case as described in the ASPA. As of September 30, 2024, the Company does not have significant or material outstanding indemnification payables related to the ASPA. As of September 30, 2023, the Company recognized $27.3 million, included within Accounts Payable, and $2.6 million, included within Other Long-Term Liabilities, on the Consolidated Statements of Financial Position primarily attributable to outstanding settlements with tax authorities, uncertain tax benefit obligations and the estimated purchase price settlement. During the year ended September 30, 2024, the Company paid $26.9 million to complete the purchase price settlement in accordance with the ASPA and closed significant indemnification settlements in relation to the ASPA.

During the year ended September 30, 2024, the Company recognized $14.9 million in income from discontinued operations before income taxes primarily related to a gain realized by a subsequently agreed reduction on accrued fees associated with the transaction that was previously recognized as a component of the gain on sale when the transaction closed in the prior year.


(in millions)	2023		2022
Net sales	$	1,042.5	$	1,652.3
Cost of goods sold	701.6		1,096.3

Gross profit	340.9		556.0
Operating expenses	199.4		298.0
Operating income	141.5		258.0
Interest expense	2.4		3.4
Other non-operating expense, net	2.2		1.3
Income from discontinued operations before income taxes	$	136.9	$	253.3

Beginning in September 2021, the Company ceased the recognition of depreciation and amortization of long-lived assets associated with the HHI disposal group classified as held for sale. Interest expense consists of interest from debt directly attributable to HHI operations that primarily consist of interest from finance leases. No impairment loss was recognized on the asset held for sale as the purchase price of the business less estimated cost to sell is more than its carrying value. Income from discontinued operations associated with HHI operations includes only direct costs associated with the HHI disposal group and does not include indirect costs associated with allocations from enabling functions and shared operations such as information technology, human resources, finance and accounting, supply chain, and commercial finance, which supported the HHI operations during the fiscal periods of ownership through the date of the close of the divestiture, included as part of previous segment reporting, and are included within income from continuing operations when the HHI disposal group was recognized as discontinued operations for all reported fiscal periods. Such indirect costs for the year ended September 30, 2023, through the close date of the divestiture, and the year ended September 30, 2022, were $18.0 million and $27.6 million, respectively. For fiscal periods subsequent to the close of the divestiture, the indirect costs within income from continuing operations supporting the HHI disposal group are mitigated by income realized from TSAs, further discussed below.


(in millions)	2023		2022

Share based compensation	$	1.5	$	5.3
Purchases of property, plant and equipment	$	11.9	$	23.9

The Company and ASSA entered into customary transition services agreements (“TSAs”) that became effective upon the consummation of the transaction that supports various shared back office administrative functions, including finance, sales and marketing, information technology, human resources, real estate and supply chain, customer service and procurement; supporting both the transferred HHI operations and the continuing operations of the Company. Charges associated with TSAs are recognized as bundled service costs under a fixed fee structure by the respective service or function and also include one-time pass-through charges including warehousing, freight, among others. TSA charges are settled periodically between the Company and ASSA on a net basis. Charges to ASSA are recognized as a reduction of the respective operating expense incurred and charges from ASSA are recognized as an operating expense depending upon the function supported by ASSA. The TSAs have overall expected time periods of 12 months following the close of the transaction with variability in expiration dependent upon the completed transition of the respective service or function, some of which have been extended an additional 12 months for a total duration of up to 24 months or earlier. During the year ended September 30, 2024 and 2023, the Company recognized net income associated with TSA charges of $31.8 million and $9.2 million, respectively, included within Selling, General & Administrative Expense on the Consolidated Statements of Income.

Additionally, the Company and ASSA will receive cash and make payments on behalf of the respective counterparty's operations as part of the shared administrative functions, resulting in cash flow being commingled with the operating cash flow of the Company. The Company recognizes a net payable or receivable with ASSA for any outstanding TSA charges, pass through costs and net working capital attributable to the commingled cash flow. As of September 30, 2024 and 2023, the Company has a net receivable of $10.7 million and $4.0 million, respectively, included in Other Receivables on the Consolidated Statements of Financial Position.

Other

Loss from discontinued operations before income taxes – other includes incremental pre-tax loss for changes to tax and legal indemnifications and other agreed-upon funding under the acquisition agreements for the sale and divestiture of the Global Batteries & Lighting (“GBL”) and Global Auto Care (“GAC”) divisions to Energizer Holdings, Inc. (“Energizer”) during the year ended September 30, 2019. The Company and Energizer agreed to indemnify each other for losses arising from certain breaches of the acquisition agreement and for certain other matters. The Company has agreed to indemnify for certain liabilities relating to the assets retained, and Energizer agreed to indemnify the Company for certain liabilities assumed, in each case as described in the acquisition agreements. Subsequently, effective January 2, 2020, Energizer closed its divestitures of the European based Varta® consumer battery business in the EMEA region to Varta AG and transferred all respective rights and indemnifications attributable to the Varta® consumer battery business provided by the GBL sale to Varta AG. As of September 30, 2024, the Company does not have significant or material outstanding indemnification payables. As of September 30, 2023, the Company recognized $25.3 million primarily attributable to income tax indemnifications associated with previously recognized uncertain tax benefits in accordance with the acquisition agreement, including $8.6 million within Other Current Liabilities and $16.7 million within Other Long-Term Liabilities on the Consolidated Statements of Financial Position. During the year ended September 30, 2024, the Company recognized $10.2 million in income from discontinued operations before income taxes primarily related to the settlement on outstanding tax audits that were previously recognized as uncertain tax benefit obligations at the time of sale and indemnified in accordance with the acquisition agreement.

DEBT - Schedule of Debt Repurchase Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Gain on Early Extinguishment	$ 2.6	$ (3.0)	$ 0.0
Senior Notes
Debt Instrument [Line Items]
Amounts Repurchased	180.1	61.4
Amounts Paid	172.9	52.7
Unamortized Debt Issuance Costs	2.5	0.8
Gain on Early Extinguishment	4.7	7.9
2029 Notes
Debt Instrument [Line Items]
Amounts Repurchased	284.2
Amounts Paid	284.2
Unamortized Debt Issuance Costs	2.9
Gain on Early Extinguishment	(2.9)
2029 Notes \| Senior Notes
Debt Instrument [Line Items]
Amounts Repurchased	8.1	2.8
Amounts Paid	7.8	2.6
Unamortized Debt Issuance Costs	0.1	0.0
Gain on Early Extinguishment	0.2	0.2
2030 Notes
Debt Instrument [Line Items]
Amounts Repurchased	142.5
Amounts Paid	142.5
Unamortized Debt Issuance Costs	2.0
Gain on Early Extinguishment	(2.0)
2030 Notes \| Senior Notes
Debt Instrument [Line Items]
Amounts Repurchased	132.8	11.5
Amounts Paid	130.5	10.7
Unamortized Debt Issuance Costs	2.0	0.2
Gain on Early Extinguishment	0.3	0.6
2031 Notes
Debt Instrument [Line Items]
Amounts Repurchased	285.7
Amounts Paid	277.7
Unamortized Debt Issuance Costs	3.0
Gain on Early Extinguishment	5.0
2031 Notes \| Senior Notes
Debt Instrument [Line Items]
Amounts Repurchased	39.2	47.1
Amounts Paid	34.6	39.4
Unamortized Debt Issuance Costs	0.4	0.6
Gain on Early Extinguishment	$ 4.2	$ 7.1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME - Schedule of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 2,518.3	$ 1,269.1
Other comprehensive income (loss) before reclassification	24.3	1.2	$ (23.0)
Other comprehensive income (loss) before tax	42.9	16.4	(42.1)
Deferred tax effect	2.6	12.3	(26.6)
Other comprehensive income, net of tax		28.7
Net change to derive comprehensive income for the periods	45.5	54.8	(68.7)
Balance at end of period	2,141.7	2,518.3	1,269.1
Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income	18.6	13.0	(16.6)
Other comprehensive income, net of tax		28.7
Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income		2.2	(2.5)
Sale and deconsolidation of Coevorden operations		26.1
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(249.4)	(303.1)	(235.3)
Other comprehensive income, net of tax		28.4
Net change to derive comprehensive income for the periods	45.4
Other comprehensive income (loss) attributable to controlling interest	45.4	53.7	(67.8)
Balance at end of period	(204.0)	(249.4)	(303.1)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(216.1)	(285.9)	(194.8)
Other comprehensive income (loss) attributable to controlling interest	52.0	69.8	(91.1)
Balance at end of period	(164.1)	(216.1)	(285.9)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassification	49.6	37.3	(72.0)
Other comprehensive income (loss) before tax	52.0	37.3	(72.0)
Deferred tax effect	0.1	7.0	(20.0)
Net change to derive comprehensive income for the periods	52.1	70.9	(92.0)
Foreign Currency Translation \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income	2.4	0.0	0.0
Other comprehensive income, net of tax		44.3
Foreign Currency Translation \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income		0.0	0.0
Sale and deconsolidation of Coevorden operations		26.6
Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	1.4	16.8	6.4
Other comprehensive income (loss) attributable to controlling interest	(3.6)	(15.4)	10.4
Balance at end of period	(2.2)	1.4	16.8
Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassification	(20.0)	(35.3)	30.7
Other comprehensive income (loss) before tax	(4.8)	(20.8)	8.1
Deferred tax effect	1.2	5.4	2.3
Net change to derive comprehensive income for the periods	(3.6)	(15.4)	10.4
Derivative Instruments \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income	15.2	12.2	(20.2)
Other comprehensive income, net of tax		(15.4)
Derivative Instruments \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income		2.3	(2.4)
Sale and deconsolidation of Coevorden operations		0.0
Defined Benefit Pension
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(34.7)	(34.0)	(46.9)
Other comprehensive income (loss) attributable to controlling interest	(3.0)	(0.7)	12.9
Balance at end of period	(37.7)	(34.7)	(34.0)
Defined Benefit Pension
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassification	(5.3)	(0.8)	18.3
Other comprehensive income (loss) before tax	(4.3)	(0.1)	21.8
Deferred tax effect	1.3	(0.1)	(8.9)
Net change to derive comprehensive income for the periods	(3.0)	(0.7)	12.9
Defined Benefit Pension \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income	1.0	0.8	3.6
Other comprehensive income, net of tax		(0.2)
Defined Benefit Pension \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net reclassification for loss (gain) to income		(0.1)	(0.1)
Sale and deconsolidation of Coevorden operations		(0.5)
AOCI Attributable to Noncontrolling Interest \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest	0.1	0.3	(0.4)
AOCI Attributable to Noncontrolling Interest \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest			(0.5)
Less: Deconsolidation of discontinued operations		0.8
Foreign Currency Translation, Noncontrolling Interest \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest	0.1	0.3	(0.4)
Foreign Currency Translation, Noncontrolling Interest \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest			(0.5)
Less: Deconsolidation of discontinued operations		0.8
Derivative Instruments, Noncontrolling Interest \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest	0.0	0.0	0.0
Derivative Instruments, Noncontrolling Interest \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest			0.0
Less: Deconsolidation of discontinued operations		0.0
Defined Benefit Pension, Noncontrolling Interest \| Continuing Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest	$ 0.0	0.0	0.0
Defined Benefit Pension, Noncontrolling Interest \| Discontinued Operations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Less: other comprehensive income (loss) from operations attributable to non-controlling interest			$ 0.0
Less: Deconsolidation of discontinued operations		$ 0.0