XML 47 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill and Intangibles, net Goodwill and Intangibles, net (Tables)
6 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances
A summary of the changes in the carrying amounts of Spectrum Brands’ goodwill and intangible assets are as follows:
 
 
 
Intangible Assets
 
Goodwill
 
Indefinite Lived
 
Definite Lived
 
Total
Balance at September 30, 2017
$
2,277.1

 
$
1,024.3

 
$
587.7

 
$
1,612.0

Periodic amortization

 

 
(29.4
)
 
(29.4
)
Effect of translation
3.1

 
4.7

 
2.2

 
6.9

Balance at March 31, 2018
$
2,280.2

 
$
1,029.0

 
$
560.5

 
$
1,589.5

Schedule of Finite-Lived Intangible Assets [Table Text Block]
The carrying value and accumulated amortization for intangible assets subject to amortization as of March 31, 2018 and September 30, 2017 are as follows:
 
March 31, 2018
 
September 30, 2017
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
Customer relationships
$
675.1

 
$
(243.1
)
 
$
432.0

 
$
671.7

 
$
(222.3
)
 
$
449.4

Technology assets
194.7

 
(68.7
)
 
126.0

 
194.6

 
(59.7
)
 
134.9

Tradenames
5.5

 
(3.0
)
 
2.5

 
18.5

 
(15.1
)
 
3.4

 
$
875.3

 
$
(314.8
)
 
$
560.5

 
$
884.8

 
$
(297.1
)
 
$
587.7

The range and weighted average useful lives for definite-lived intangible assets are as follows:
Asset Type
 
Range
 
Weighted Average
Customer relationships
 
2 to 20 years
 
17.9 years
Technology assets
 
6 to 18 years
 
11.4 years
Tradenames
 
5 to 13 years
 
6.2 years
Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods
Fiscal Year
 
Estimated Amortization Expense
2018
 
$
57.5

2019
 
57.4

2020
 
55.0

2021
 
49.7

2022
 
48.0