v3.23.1
Segments (Tables)
6 Months Ended
Mar. 31, 2023
Mar. 31, 2021
Segment Reporting [Abstract]    
Schedule of Segment Reporting Information, by Segment  
Segment sales and profitability for the quarters and six months ended ended March 31, 2023 and 2022 are presented below:
 For the Quarters Ended March 31,For the Six Months Ended March 31,
2023202220232022
Net Sales  
Batteries & Lights$505.9 $516.5 $1,177.5 $1,256.7 
Auto Care178.2 168.9 271.7 275.0 
Total net sales$684.1 $685.4 $1,449.2 $1,531.7 
Segment Profit  
Batteries & Lights$114.5 $95.3 $252.8 $263.7 
Auto Care29.4 24.3 40.0 24.1 
Total segment profit$143.9 $119.6 $292.8 $287.8 
    General corporate and other expenses (1) (27.8)(25.6)(53.2)(47.3)
    Amortization of intangible assets(14.5)(15.2)(30.5)(30.4)
Project Momentum restructuring costs (2)(7.5)— (14.1)— 
    Acquisition and integration costs (3)— — — (16.5)
    Acquisition earn out (4)— — — (1.1)
Interest expense(42.0)(38.3)(84.9)(75.3)
Exit of Russian market (5)— (14.0)— (14.0)
(Loss)/gain on extinguishment of debt (0.9)— 2.0 — 
Other items - Adjusted (6)(0.8)1.5 0.6 1.3 
Total earnings before income taxes$50.4 $28.0 $112.7 $104.5 
Depreciation and amortization
Batteries & Lights$13.1 $11.7 $26.5 $23.9 
Auto Care2.8 2.3 5.5 4.3 
Total segment depreciation and amortization$15.9 $14.0 $32.0 $28.2 
Amortization of intangible assets14.5 15.2 30.5 30.4 
         Total depreciation and amortization$30.4 $29.2 $62.5 $58.6 

(1) Included in SG&A in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(2) Project Momentum Restructuring costs included $5.7 and $6.0 recorded in Cost of products sold, and $1.8 and $8.1 recorded in SG&A during the quarter and six months ended March 31, 2023, respectively.
(3) Acquisition and integration costs included $6.0 recorded in Cost of products sold, $9.4 recorded in SG&A, and $1.1 in Research and development for the six months ended March 31, 2022.
(4) This represents the earn out achieved through March 31, 2022 under the incentive agreements entered into with the Formulations Acquisition and is recorded in SG&A on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(5) These are the costs associated with the Company's exit of the Russian market during the second quarter of fiscal 2022. Exiting the Russian market resulted in the impairment of inventory recorded in Cost of products sold of $0.7, impairment of other assets and severance recorded in SG&A of $5.8 and currency impacts recorded in Other items, net of $7.5 on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(6) Other items, net on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income included costs associated with the exit of the Russian market of $7.5 for the quarter and six months ended March 31, 2022.
Reconciliation of Assets from Segment to Consolidated
Total AssetsMarch 31, 2023September 30, 2022
Batteries & Lights$1,250.2 $1,366.0 
Auto Care469.9 453.7 
Total segment assets$1,720.1 $1,819.7 
Corporate429.1 453.5 
Goodwill and other intangible assets2,286.8 2,298.9 
Total assets$4,436.0 $4,572.1