Discontinued Operations and Disposal Groups (Tables)

12 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

The following is a summary of BellRing’s net assets as of March 10, 2022.














Total Assets	$	633.0










Less: Total Liabilities	1,064.6

BellRing Net Assets	$	(431.6)

Net Earnings from Discontinued Operations

The following table presents the components of net earnings from discontinued operations for the year ended September 30, 2022 prior to the completion of the BellRing Spin-off.




Net Sales	$	541.9
Cost of goods sold	390.3
Gross Profit	151.6
Selling, general and administrative expenses	68.5
Amortization of intangible assets	8.7

Operating Profit	74.4
Interest expense, net	13.1
Loss on extinguishment and refinancing of debt, net	17.6
Earnings from Discontinued Operations before Income Taxes	43.7
Income tax expense	10.3
Net Earnings from Discontinued Operations, Including Noncontrolling Interest	33.4
Less: Net earnings attributable to noncontrolling interest from discontinued operations	11.8
Net Earnings from Discontinued Operations, net of tax and noncontrolling interest	$	21.6