Other Required Disclosures (Tables)

6 Months Ended

Mar. 31, 2013

Other Required Disclosures [Abstract]

Schedule of Variable Interest Entities

The table below summarizes select information related to the CLO vehicle in which Salus held a variable interest at March 31, 2013.

	March 31, 2013
Maximum loss exposure	$	201.3
Asset-backed loans receivable	$	201.3
Cash and other assets	28.4
Total assets of consolidated VIE	229.7
Long-term debt	225.0
Other liabilities	3.2
Total liabilities of consolidated VIE	$	228.2

Schedule of Equity Method Investments

The following tables present summarized consolidated financial information of HGI's proportionately consolidated equity investment in the EXCO/HGI Partnership, for the period subsequent to HGI's acquisition of the equity interest on February 14, 2013.

	March 31, 2013
Assets
Total current assets	$	46.6
Oil and natural gas properties, net	831.8
Other assets	34.6
Total assets	$	913.0
Liabilities and members' equity
Total current liabilities	$	51.7
Total long-term liabilities	406.0
Total members' equity	455.3
Total liabilities and members' equity	$	913.0

	Three and six months ended
	March 31, 2013
Revenues	$	22.4
Costs and Expenses
Oil and natural gas direct operating costs	11.8
Selling, acquisition, operating and general expenses	9.6
Total costs and expenses	21.4
Operating income	1.0
Other expense	(13.1		)
Net loss	$	(12.1	)

Components of Receivables, Net

Receivables, net" in the accompanying Condensed Consolidated Balance Sheets consist of the following:

	March 31, 2013		September 30, 2012
Trade accounts receivable
Consumer products	$	508.5	$	357.2
Oil and natural gas	21.9		—
Total trade accounts receivable	530.4		357.2
Contingent purchase price reduction receivable (Note 3)	41.0		41.0
Other receivables	50.5		38.1
Total receivables	621.9		436.3
Less: Allowance for doubtful trade accounts receivable	28.5		21.9
Total receivables, net	$	593.4	$	414.4

Components of Inventories

Inventories of Spectrum Brands which are stated at the lower of cost or market, consist of the following:

	March 31, 2013		September 30, 2012
Raw materials	$	112.1	$	58.5
Work-in-process	51.6		23.4
Finished goods	541.7		370.7
Total inventories	$	705.4	$	452.6

Components of Properties

Properties, including oil and natural gas properties, net, consist of the following:

	March 31, 2013		September 30, 2012
Oil and natural gas properties (full accounting method)
Unproved oil and natural gas properties and development costs not being amortized	$	52.9	$	—
Proved developed and undeveloped oil and natural gas properties	572.5		—
Less: Accumulated depletion	5.7		—
Total oil and natural gas properties, net	619.7		—
Other properties
Land, buildings and improvements	121.2		93.6
Gas gathering assets	21.5		—
Machinery, equipment and other	413.9		325.7
Construction in progress	34.0		18.4
Total other properties, at cost	590.6		437.7
Less: Accumulated depreciation	244.7		216.1
Total other properties, net	345.9		221.6
Total properties, including oil and natural gas properties, net	$	965.6	$	221.6

Schedule of Other Assets

Other assets" in the accompanying Condensed Consolidated Balance Sheets consist of the following:

	March 31, 2013		September 30, 2012
Prepaid expenses and other current assets	$	168.5	$	53.1
Debt issuance costs	94.2		50.9
Deferred charges and other assets	112.0		68.6
Total other assets	$	374.7	$	172.6

Components of Accounts Payable and Other Current Liabilities

"Accounts payable and other current liabilities" in the accompanying Condensed Consolidated Balance Sheets consist of the following:

	March 31, 2013		September 30, 2012
Accounts payable	$	401.7	$	325.9
Wages and benefits	86.3		110.9
Income taxes payable	31.4		96.6
Accrued interest	76.8		50.4
Accrued expenses	22.7		25.1
Oil and natural gas revenues and royalties payable	19.1		—
Accrued dividends on Preferred Stock	8.4		8.3
Restructuring and related charges	7.7		6.6
Other	141.4		130.4
Total accounts payable and other current liabilities	$	795.5	$	754.2

Schedule of Other Liabilities

"Other liabilities" in the accompanying Condensed Consolidated Balance Sheets consist of the following:

	March 31, 2013		September 30, 2012
Amounts payable for investment purchases	$	95.7	$	206.7
Retained asset account	208.2		203.7
Amounts payable to reinsurers	30.1		32.0
Remittances and items not allocated	36.4		29.5
Oil and natural gas asset-retirement obligations	24.3		—
Other	94.2		128.7
Total other liabilities	$	488.9	$	600.6

Reconciliation of Asset Retirement Obligations

Asset retirement obligations

The following is a reconciliation of the EXCO/HGI Partnership's asset retirement obligations for the period from inception to March 31, 2013:

	March 31, 2013
Asset retirement obligations at inception	$	18.5
Activity during the period:
Adjustment to liability due to acquisitions	5.5
Accretion of discount	0.3
Asset retirement obligations at end of period	24.3
Less: Current portion	1.2
Long-term portion	$	23.1

Summarization of Restructuring and Related Charges

The following table summarizes restructuring and related charges incurred by the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three months ended March 31, 2013 and April 1, 2012 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:

	Three months ended				Six months ended
	March 31, 2013		April 1, 2012		March 31, 2013		April 1, 2012		Charges Since Inception		Expected Future Charges		Total Projected Costs		Expected Completion Date
Initiatives:
Global Cost Reduction	$	5.2	$	4.2	$	11.7	$	11.3	$	94.7	$	6.2	$	100.9	January 31, 2015
Other	2.7		0.1		2.8		0.7
	$	7.9	$	4.3	$	14.5	$	12.0
Classification:
Consumer products cost of goods sold	$	2.6	$	1.7	$	3.7	$	6.3
Selling, acquisition, operating and general expenses	5.3		2.6		10.8		5.7
	$	7.9	$	4.3	$	14.5	$	12.0

Summarization of Remaining Accrual Balance Associated with Initiatives and Activity

The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the six months ended March 31, 2013:

	Accrual Balance at September 30, 2012		Provisions		Cash Expenditures			Accrual Balance at March 31, 2013		Expensed as Incurred (a)
Global Cost Reduction Initiatives:
Termination benefits	$	3.3	$	4.5	$	(2.7	)	$	5.1	$	0.7
Other costs	1.1		0.3		(0.6		)	0.8		6.2
	4.4		4.8		(3.3		)	5.9		6.9
Other initiatives	2.2		—		(0.4		)	1.8		0.2
	$	6.6	$	4.8	$	(3.7	)	$	7.7	$	7.1

___________________

(a) Consists of amounts not impacting the accrual for restructuring and related charges.