10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 3, 2016

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from  to

\
Commission File No.	Name of Registrant, State of Incorporation, Address of Principal Offices, and Telephone No.	IRS Employer Identification No.
001-34757	Spectrum Brands Holdings, Inc. (a Delaware corporation) 3001 Deming Way Middleton, WI 53562 (608) 275-3340 www.spectrumbrands.com	27-2166630
333-192634-03	SB/RH Holdings, LLC (a Delaware limited liability company) 3001 Deming Way Middleton, WI 53562 (608) 275-3340	27-2812840

Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Spectrum Brands Holdings, Inc.	Yes	☒	No	☐
SB/RH Holdings, LLC	Yes	☒	No	☐

Indicate by check mark whether the registrants have submitted electronically and posted on their corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 

Spectrum Brands Holdings, Inc.	Yes	☒	No	☐
SB/RH Holdings, LLC	Yes	☒	No	☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Registrant	Large Accelerated Filer	Accelerated filer	Non-accelerated filer	Smaller reporting company
Spectrum Brands Holdings, Inc.	X
SB/RH Holdings, LLC			X

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Spectrum Brands Holdings, Inc.	Yes	☐	No	☒
SB/RH Holdings, LLC	Yes	☐	No	☒

As of August 1,  2016, there were outstanding 59,404,604 shares of Spectrum Brands Holdings, Inc.’s common stock, par value $0.01 per share.

SB/RH Holdings, LLC meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q and is therefore filing this report with a reduced disclosure format as permitted by general instruction H(2).

Forward-Looking Statements

We have made or implied certain forward-looking statements in this report. All statements, other than statements of historical facts included in this report, including the statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding our business strategy, future operations, financial condition, estimated revenues, projected costs, projected synergies, prospects, plans and objectives of management, as well as information concerning expected actions of third parties, are forward-looking statements. When used in this report, the words  anticipate,  intend,  plan,  estimate,  believe,  expect,  project,  could,  will,  should,  may and similar expressions are also intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

Since these forward-looking statements are based upon our current expectations of future events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcomes may differ materially from those expressed or implied herein, and you should not place undue reliance on these statements. Important factors that could cause our actual results to differ materially from those expressed or implied herein include, without limitation:

· the impact of our indebtedness on our business, financial condition and results of operations;

· the impact of restrictions in our debt instruments on our ability to operate our business, finance our capital needs or pursue or expand business strategies;

· any failure to comply with financial covenants and other provisions and restrictions of our debt instruments;

· the impact of expenses resulting from the implementation of new business strategies, divestitures or current and proposed restructuring activities;

· our inability to successfully integrate and operate new acquisitions at the level of financial performance anticipated;

· the unanticipated loss of key members of senior management;

· the impact of fluctuations in commodity prices, costs or availability of raw materials or terms and conditions available from suppliers, including suppliers’ willingness to advance credit;

· interest rate and exchange rate fluctuations;

· the loss of, or a significant reduction in, sales to any significant retail customer(s);

· competitive promotional activity or spending by competitors, or price reductions by competitors;

· the introduction of new product features or technological developments by competitors and/or the development of new competitors or competitive brands;

· the effects of general economic conditions, including inflation, recession or fears of a recession, depression or fears of a depression, labor costs and stock market volatility or changes in trade, monetary or fiscal policies in the countries where we do business;

· changes in consumer spending preferences and demand for our products;

· our ability to develop and successfully introduce new products, protect our intellectual property and avoid infringing the intellectual property of third parties;

· our ability to successfully implement, achieve and sustain manufacturing and distribution cost efficiencies and improvements, and fully realize anticipated cost savings;

· the cost and effect of unanticipated legal, tax or regulatory proceedings or new laws or regulations (including environmental, public health and consumer protection regulations);

· public perception regarding the safety of our products, including the potential for environmental liabilities, product liability claims, litigation and other claims;

· the impact of pending or threatened litigation;

· changes in accounting policies applicable to our business;

· government regulations;

· the seasonal nature of sales of certain of our products;

· the effects of climate change and unusual weather activity; and

· the effects of political or economic conditions, terrorist attacks, acts of war or other unrest in international markets.

Some of the above-mentioned factors are described in further detail in the sections entitled “Risk Factors” in our annual and quarterly reports (including this report), as applicable. You should assume the information appearing in this report is accurate only as of the end of the period covered by this report, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since that date. Except as required by applicable law, including the securities laws of the United States (“U.S.”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”), we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

TABLE OF CONTENTS

This report is a combined report of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC. The combined notes to the condensed consolidated financial statements include notes representing Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC and certain notes related specifically to SB/RH Holdings, LLC.

PART I	FINANCIAL INFORMATION	Page
Item 1.	Financial Statements	2
Spectrum Brands Holdings, Inc. Condensed Consolidated Financial Statements (Unaudited)
	Condensed Consolidated Statements of Financial Position as of July 3, 2016 and September 30, 2015	2
	Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015	3
	Condensed Consolidated Statements of Comprehensive Income for the three and nine month periods ended July 3, 2016 and June 28, 2015	3
	Condensed Consolidated Statements of Cash Flows for the nine month periods ended July 3, 2016 and June 28, 2015	4
SB/RH Holdings, LLCCondensed Consolidated Financial Statements (Unaudited)
	Condensed Consolidated Statements of Financial Position as of July 3, 2016 and September 30, 2015	5
	Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015	6
	Condensed Consolidated Statements of Comprehensive Income for the three and nine month periods ended July 3, 2016 and June 28, 2015	6
	Condensed Consolidated Statements of Cash Flows for the nine month periods ended July 3, 2016 and June 28, 2015	7
Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC Combined (Unaudited)
	Combined Notes to Condensed Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	29
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	43
Item 4.	Controls and Procedures	43
PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	44
Item 1A.	Risk Factors	44
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45
Item 6.	Exhibits	45
Signatures		46

1

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

SPECTRUM BRANDS HOLDINGS, INC.

Condensed Consolidated Statements of Financial Position

July 3,2016 and September 30, 2015

(in millions, unaudited)

	July 3, 2016		September 30, 2015
Assets
Current assets:
Cash and cash equivalents	$	117.0	$	247.9
Trade receivables, net		588.9		498.8
Other receivables		61.2		87.9
Inventories		842.3		780.8
Prepaid expenses and other current assets		82.2		72.1
Total current assets		1,691.6		1,687.5
Property, plant and equipment, net		523.2		507.1
Deferred charges and other		41.2		42.2
Goodwill		2,479.7		2,476.7
Intangible assets, net		2,399.6		2,480.3
Total assets	$	7,135.3	$	7,193.8
Liabilities and Shareholders' Equity
Current liabilities:
Current portion of long-term debt	$	35.3	$	33.8
Accounts payable		473.5		620.6
Accrued wages and salaries		94.5		96.5
Accrued interest		42.0		63.3
Other current liabilities		187.8		212.7
Total current liabilities		833.1		1,026.9
Long-term debt, net of current portion		3,840.2		3,872.1
Deferred income taxes		552.4		572.5
Other long-term liabilities		105.8		115.5
Total liabilities		5,331.5		5,587.0
Commitments and contingencies
Shareholders' equity:
Common stock		0.6		0.6
Additional paid-in capital		2,063.2		2,033.6
Accumulated deficit		(2.6)		(205.5)
Accumulated other comprehensive loss, net of tax		(195.5)		(200.1)
Treasury stock, at cost		(105.8)		(65.5)
Total shareholders' equity		1,759.9		1,563.1
Noncontrolling interest		43.9		43.7
Total equity		1,803.8		1,606.8
Total liabilities and equity	$	7,135.3	$	7,193.8

See accompanying notes to the condensed consolidated financial statements

2

SPECTRUM BRANDS HOLDINGS, INC.

Condensed Consolidated Statements of Operations

For the three and nine month periods ended July 3, 2016 and June 28, 2015

(in millions, except per share figures, unaudited)

	Three Month Periods Ended				Nine Month Periods Ended
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Net sales	$	1,361.5	$	1,247.5	$	3,790.0	$	3,382.3
Cost of goods sold		830.8		789.5		2,355.5		2,179.0
Restructuring and related charges		0.1		—		0.4		0.4
Gross profit		530.6		458.0		1,434.1		1,202.9
Selling		201.7		184.8		578.3		517.7
General and administrative		94.2		89.9		276.2		242.5
Research and development		14.6		12.9		42.9		36.9
Acquisition and integration related charges		8.0		24.2		31.2		44.2
Restructuring and related charges		5.4		10.5		7.8		21.9
Total operating expenses		323.9		322.3		936.4		863.2
Operating income		206.7		135.7		497.7		339.7
Interest expense		59.9		112.9		175.8		206.5
Other non-operating expense, net		2.2		1.7		6.5		5.6
Income from operations before income taxes		144.6		21.1		315.4		127.6
Income tax expense (benefit)		42.5		(23.8)		46.8		4.8
Net income		102.1		44.9		268.6		122.8
Net income attributable to non-controlling interest		0.2		—		0.4		0.3
Net income attributable to controlling interest	$	101.9	$	44.9	$	268.2	$	122.5
Earnings Per Share
Basic earnings per share	$	1.72	$	0.79	$	4.52	$	2.26
Diluted earnings per share		1.71		0.79		4.51		2.26
Dividends per share		0.38		0.33		1.09		0.96
Weighted Average Shares Outstanding
Basic		59.4		56.5		59.3		54.2
Diluted		59.6		56.5		59.5		54.3

See accompanying notes to the condensed consolidated financial statements

SPECTRUM BRANDS HOLDINGS, INC.

Condensed Consolidated Statements of Comprehensive Income

For the three and nine month periods ended July 3, 2016 and June 28, 2015

(in millions, unaudited)

	Three Month Periods Ended				Nine Month Periods Ended
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Net income	$	102.1	$	44.9	$	268.6	$	122.8
Other comprehensive (loss) income, net of tax:
Foreign currency translation (loss) gain		(13.7)		9.5		(6.0)		(68.6)
Unrealized gain (loss) on hedging derivatives, net tax of $(2.9),  $3.9,  $(0.4) and $2.0, respectively		7.8		(12.0)		8.6		(8.6)
Defined benefit pension gain (loss), net tax of $(0.3),  $0.2,  $(0.5) and $(0.9), respectively		1.2		(0.6)		1.7		2.8
Other comprehensive (loss) income, net of tax		(4.7)		(3.1)		4.3		(74.4)
Comprehensive income		97.4		41.8		272.9		48.4
Comprehensive (loss) income attributable to non-controlling interest		(0.2)		—		(0.3)		0.3
Comprehensive income attributable to controlling interest	$	97.6	$	41.8	$	273.2	$	48.1

See accompanying notes to the condensed consolidated financial statements

3

SPECTRUM BRANDS HOLDINGS, INC.

Condensed Consolidated Statements of Cash Flows

For the nine month periods ended July 3, 2016 and June 28, 2015

(in millions, unaudited)

	July 3, 2016		June 28, 2015
Cash flows from operating activities
Net income	$	268.6	$	122.8
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Amortization of intangible assets		70.5		64.0
Depreciation		66.2		58.7
Share based compensation		47.4		36.3
Non-cash inventory adjustment from acquisitions		—		7.7
Non-cash restructuring and related charges		2.8		15.0
Amortization of debt issuance costs		8.4		7.7
Write-off of debt issuance costs on retired debt		—		11.2
Non-cash debt accretion		1.6		1.4
Write-off of unamortized discount on retired debt		—		1.7
Deferred tax benefit		(3.1)		(32.0)
Net changes in operating assets and liabilities, net of effects of acquisitions		(344.5)		(453.7)
Net cash provided (used) by operating activities		117.9		(159.2)
Cash flows from investing activities
Purchases of property, plant and equipment		(59.6)		(49.5)
Business acquisitions, net of cash acquired		—		(1,193.2)
Proceeds from sales of property, plant and equipment		0.8		1.3
Other investing activities		(1.9)		(0.9)
Net cash used by investing activities		(60.7)		(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt		203.9		3,143.5
Payment of debt		(270.2)		(2,275.2)
Payment of debt issuance costs		(1.6)		(42.7)
Payment of cash dividends		(64.6)		(51.0)
Treasury stock purchases		(40.2)		(8.4)
Payment of contingent consideration		(3.2)		—
Share based tax withholding payments, net of proceeds upon vesting		(10.5)		(1.9)
Net proceeds from issuance of common stock		—		562.8
Net cash (used) provided by financing activities		(186.4)		1,327.1
Effect of exchange rate changes on cash and cash equivalents		(1.7)		(13.0)
Net decrease in cash and cash equivalents		(130.9)		(87.4)
Cash and cash equivalents, beginning of period		247.9		194.6
Cash and cash equivalents, end of period	$	117.0	$	107.2
Supplemental disclosure of cash flow information
Cash paid for interest	$	186.8	$	236.3
Cash paid for taxes		30.7		40.0
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	$	28.2	$	2.2
Non cash financing activities
Issuance of shares through stock compensation plan	$	47.2	$	11.0

See accompanying notes to the condensed consolidated financial statements

4

SB/RH HOLDINGS, LLC

Condensed Consolidated Statements of Financial Position

July 3, 2016 and September 30, 2015

(in millions, unaudited)

	July 3, 2016		September 30, 2015
Assets
Current assets:
Cash and cash equivalents	$	116.9	$	247.9
Trade receivables, net		588.9		498.8
Other receivables		61.2		87.9
Inventories		842.3		780.8
Prepaid expenses and other current assets		82.2		72.1
Total current assets		1,691.5		1,687.5
Property, plant and equipment, net		523.2		507.1
Deferred charges and other		34.6		42.1
Goodwill		2,479.7		2,476.7
Intangible assets, net		2,399.6		2,480.3
Total assets	$	7,128.6	$	7,193.7
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	42.3	$	68.5
Accounts payable		473.5		620.6
Accrued wages and salaries		94.5		96.5
Accrued interest		42.0		63.3
Other current liabilities		187.1		211.9
Total current liabilities		839.4		1,060.8
Long-term debt, net of current portion		3,840.2		3,872.1
Deferred income taxes		555.6		572.5
Other long-term liabilities		105.8		115.5
Total liabilities		5,341.0		5,620.9
Commitments and contingencies
Shareholder's equity:
Other capital		1,991.6		1,969.9
Accumulated deficit		(58.3)		(246.7)
Accumulated other comprehensive loss, net of tax		(195.5)		(200.1)
Total shareholder's equity		1,737.8		1,523.1
Noncontrolling interest		49.8		49.7
Total equity		1,787.6		1,572.8
Total liabilities and equity	$	7,128.6	$	7,193.7

See accompanying notes to the condensed consolidated financial statements

5

SB/RH HOLDINGS, LLC

Condensed Consolidated Statements of Operations

For the three and nine month periods ended July 3, 2016 and June 28, 2015

(in millions, unaudited)

	Three Month Periods Ended				Nine Month Periods Ended
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Net sales	$	1,361.5	$	1,247.5	$	3,790.0	$	3,382.3
Cost of goods sold		830.8		789.5		2,355.5		2,179.0
Restructuring and related charges		0.1		—		0.4		0.4
Gross profit		530.6		458.0		1,434.1		1,202.9
Selling		201.7		184.8		578.3		517.7
General and administrative		92.8		88.2		271.7		238.1
Research and development		14.6		12.9		42.9		36.9
Acquisition and integration related charges		8.0		24.2		31.2		44.2
Restructuring and related charges		5.4		10.5		7.8		21.9
Total operating expenses		322.5		320.6		931.9		858.8
Operating income		208.1		137.4		502.2		344.1
Interest expense		59.9		112.9		175.8		206.5
Other non-operating expense, net		2.2		1.7		6.5		5.6
Income from operations before income taxes		146.0		22.8		319.9		132.0
Income tax expense		40.8		(23.8)		56.6		4.8
Net income		105.2		46.6		263.3		127.2
Net income attributable to non-controlling interest		0.1		—		0.3		0.2
Net income attributable to controlling interest	$	105.1	$	46.6	$	263.0	$	127.0

See accompanying notes to the condensed consolidated financial statements

SB/RH HOLDINGS, LLC

Condensed Consolidated Statements of Comprehensive Income

For the three and nine month periods ended July 3, 2016 and June 28, 2015

(in millions, unaudited)

	Three Month Periods Ended				Nine Month Periods Ended
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Net income	$	105.2	$	46.6	$	263.3	$	127.2
Other comprehensive (loss) income, net of tax:
Foreign currency translation (loss) gain		(13.7)		9.5		(6.0)		(68.6)
Unrealized gain (loss) on hedging derivatives, net tax of $(2.9),  $3.9,  $(0.4) and $2.0, respectively		7.8		(12.0)		8.6		(8.6)
Defined benefit pension gain (loss), net tax of $(0.3),  $0.2,  $(0.5) and $(0.9), respectively		1.2		(0.6)		1.7		2.8
Other comprehensive (loss) income, net of tax		(4.7)		(3.1)		4.3		(74.4)
Comprehensive income		100.5		43.5		267.6		52.8
Comprehensive (loss) income attributable to non-controlling interest		(0.2)		—		(0.3)		0.2
Comprehensive income attributable to controlling interest	$	100.7	$	43.5	$	267.9	$	52.6

See accompanying notes to the condensed consolidated financial statements

6

SB/RH HOLDINGS, LLC

Condensed Consolidated Statements of Cash Flows

For the nine month periods ended July 3, 2016 and June 28, 2015

(in millions, unaudited)

	July 3, 2016		June 28, 2015
Cash flows from operating activities
Net income	$	263.3	$	127.2
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Amortization of intangible assets		70.5		64.0
Depreciation		66.2		58.7
Share based compensation		43.4		32.2
Non-cash inventory adjustment from acquisitions		—		7.7
Non-cash restructuring and related charges		2.8		15.0
Amortization of debt issuance costs		8.4		7.7
Write-off of debt issuance costs on retired debt		—		11.2
Non-cash debt accretion		1.6		1.4
Write-off of unamortized discount on retired debt		—		1.7
Deferred tax expense (benefit)		6.6		(32.0)
Net changes in operating assets and liabilities, net of effects of acquisitions		(358.1)		(458.4)
Net cash provided (used) by operating activities		104.7		(163.6)
Cash flows from investing activities
Purchases of property, plant and equipment		(59.6)		(49.5)
Business acquisitions, net of cash acquired		—		(1,193.2)
Proceeds from sales of property, plant and equipment		0.8		1.3
Other investing activities		(1.9)		(0.9)
Net cash used by investing activities		(60.7)		(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt		217.8		3,177.0
Payment of debt		(311.7)		(2,281.9)
Payment of debt issuance costs		(1.6)		(37.3)
Payment of cash dividends to parent		(74.6)		(51.0)
Payment of contingent consideration		(3.2)
Share based tax withholding payments, net of proceeds upon vesting		—		(1.9)
Capital contribution from parent		—		528.3
Net cash (used) provided by financing activities		(173.3)		1,333.2
Effect of exchange rate changes on cash and cash equivalents		(1.7)		(13.0)
Net decrease in cash and cash equivalents		(131.0)		(85.7)
Cash and cash equivalents, beginning of period		247.9		192.9
Cash and cash equivalents, end of period	$	116.9	$	107.2
Supplemental disclosure of cash flow information
Cash paid for interest	$	186.8	$	236.3
Cash paid for taxes		30.7		40.0
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	$	28.2	$	2.2

See accompanying notes to the condensed consolidated financial statements

7

SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in millions, unaudited)

This report is a combined report of Spectrum Brands Holdings, Inc. (“SBH”) and SB/RH Holdings, LLC (“SB/RH”) (collectively, the “Company”). The notes to the condensed consolidated financial statements that follow include both consolidated SBH and SB/RH notes, unless otherwise indicated below.

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company and its majority owned subsidiaries in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes necessary for a comprehensive presentation of financial position and results of operations. It is management’s opinion, however, that all material adjustments have been made which are necessary for a fair financial statement presentation. For further information, refer to the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2015.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU provides for changes to the accounting for share-based payment awards issued to employees; primarily income taxes upon award vest or settlement, cash flow presentations of excess tax benefits and employee withheld taxes paid, as well as an entity forfeiture policy election. The ASU is effective for annual periods beginning after December 15, 2016, and interim period within those annual periods. Early adoption is permitted for any interim or annual period. The Company has elected to early adopt for the three month period ended July 3, 2016, effective as if adopted the first day of the fiscal year, October 1, 2015.

Under the new guidance, all excess tax benefits (“windfalls”) and deficiencies (“shortfalls”) related to employee stock compensation will be recognized within income tax expense. Under prior guidance, windfalls were recognized to additional paid-in capital and shortfalls were only recognized in the extent they exceed the pool of windfall tax benefits. As of September 30, 2015, there was $22.2 million of unrecognized deferred tax assets attributable to excess tax benefits that were not previously recognized as they did not reduce income taxes payable. The cumulative adjustment for the adoption did not have an impact on net equity as the incremental deferred tax assets are fully reserved by an incremental valuation allowance as of September 30, 2015. The adoption of the new standard impacted our previously reported quarterly results for the recognition of excess tax benefits in our provision for income taxes rather than paid in capital. Due to the valuation allowance on deferred taxes, there was no impact to our quarterly results for the three month period ended January 3, 2016. The following summarizes the impact to the three and six months periods ended April 3, 2016:

SBH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions, except per share)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense (benefit)	$	14.9	$	(17.4)	$	(2.5)	$	21.8	$	(17.4)	$	4.4
Net income		75.3		17.4		92.7		149.0		17.4		166.4
Net income attributable to controlling interest		75.2		17.4		92.6		148.8		17.4		166.2
Earnings Per Share
Basic earnings per share	$	1.27	$	0.29	$	1.56	$	2.51	$	0.29	$	2.80
Diluted earnings per share	$	1.26	$	0.29	$	1.55	$	2.50	$	0.29	$	2.79
SB/RH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense	$	19.4	$	(10.4)	$	9.0	$	26.3	$	(10.4)	$	15.9
Net income		72.2		10.4		82.6		147.7		10.4		158.1
Net income attributable to controlling interest		72.1		10.4		82.5		147.5		10.4		157.9

Further, as part of the adoption, the Company elected to account for forfeitures in compensation cost as they occur. The cumulative impact for the change in election was not material and was recognized in the three month period ended July 3, 2016.

8

In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires debt issuance costs related to a recognized debt liability to be presented on a balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. Current guidance generally requires entities to capitalize costs paid to third parties that are directly related to issuing debt and that otherwise wouldn’t be incurred, and present those amounts separately as deferred charges. During the three month period ended January 3, 2016, the Company retrospectively applied the adoption of this ASU, resulting in a reclassification of $65.1 million of debt issuance costs as of September 30, 2015.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) – Balance Sheet Classification of Deferred Taxes. The ASU simplifies the presentation of deferred tax assets and liabilities to be classified as noncurrent on a balance sheet. Current guidance requires an entity to separate deferred income tax assets and liabilities into current and noncurrent amounts. The new guidance requires all deferred tax assets and liabilities to be presented as noncurrent as the separate current classification results in little to no benefit to users of the financial statements because the classification does not generally align with the time period in which the recognized deferred tax amounts are expected to be recovered or settled. During the three month period ended January 3, 2016, the Company retrospectively applied the adoption of this ASU, resulting in a reclassification of $44.7 million of current deferred tax assets and $4.6 million of current deferred tax liabilities as of September 30, 2015.

The following is a summary of the reclassifications from the retrospective adoption of ASU 2015-03 and ASU 2015-17 discussed above, as of September 30, 2015 for SBH and SB/RH, respectively:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Statement of Financial Position (in millions)	As Reported		Reclassification		As Reclassified		As Reported		Reclassification		As Reclassified
Prepaid expenses and other current assets	$	116.8	$	(44.7)	$	72.1	$	116.8	$	(44.7)	$	72.1
Deferred charges and other		101.7		(59.5)		42.2		101.6		(59.5)		42.1
Other current liabilities		(217.3)		4.6		(212.7)		(216.5)		4.6		(211.9)
Long-term debt, net of current portion		(3,937.2)		65.1		(3,872.1)		(3,937.2)		65.1		(3,872.1)
Deferred taxes (noncurrent liability)		(607.0)		34.5		(572.5)		(607.0)		34.5		(572.5)

In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The ASU simplifies the presentation of provisional amounts recognized in a business combination during the measurement period (one year from the date of acquisition). Current guidance requires retrospective adjustment of prior periods; the new guidance eliminates this requirement. The Company applied the adoption of this ASU effective the first day of the year ending September 30, 2016 and all subsequent measurement period adjustments are recorded in the period identified, resulting in the recognition of adjustments to goodwill from the Armored AutoGroup (“AAG”) acquisition. See Note 8 “Goodwill and Intangible Assets”,for adjustments to goodwill.

NOTE 3 - ACQUISITIONS

Armored AutoGroup - On May 21, 2015, the Company completed the acquisition of Armored AutoGroup Parent, Inc. (“AAG”), a consumer products company consisting primarily of Armor All and STP products, two of the most recognizable brands in the automotive aftermarket appearance products and performance chemicals categories, respectively, and the A/C PRO brand of do-it-yourself automotive air conditioner recharge products. The results of AAG’s operations are included in the Company’s Condensed Consolidated Statements of Operations and are reported as a separate segment under Global Auto Care for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition.

Salix - On January 16, 2015, the Company completed the acquisition of Salix, a vertically integrated producer and distributer of premium natural rawhide dog chews, treats and snacks. The results of Salix’s operations are included in the Company’s Condensed Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition.

European IAMS and Eukanuba -On December 31, 2014, the Company completed the acquisition of Procter & Gamble’s European IAMS and Eukanuba pet food business (“European IAMS and Eukanuba”), premium brands for dogs and cats. The results of European IAMS and Eukanuba’s operations are included in the Company’s Condensed Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition.

9

Acquisition and Integration Costs

The following table summarizes acquisition and integration related charges incurred by the Company for the three and nine month periods ended July 3, 2016 and June 28, 2015:

	Three Months Ended				Nine Months Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Armored AutoGroup	$	2.6	$	17.8	$	13.2	$	17.8
HHI Business		4.4		2.1		12.0		8.3
European IAMS and Eukanuba		0.4		1.0		2.4		6.0
Salix		0.2		3.3		1.7		8.4
Other		0.4		—		1.9		3.7
Total acquisition and integration related charges	$	8.0	$	24.2	$	31.2	$	44.2

NOTE 4 - RESTRUCTURING AND RELATED CHARGES

GAC Business Rationalization Initiatives – During the three month period ended July 3, 2016, the Company implemented a series of initiatives through the Global Auto Care segment to consolidate certain operations and reduce operating costs. These initiatives included headcount reductions and the exit of certain facilities. Total costs associated with these initiatives are expected to be approximately $15 million, of which $3.6 million has been incurred to date, the balance is anticipated to be incurred through September 30, 2017.

HHI Business Rationalization Initiatives–During the three month period ended September 30, 2014, the Company implemented a series of initiatives throughout the Hardware & Home Improvement segment to reduce operating costs and exit low margin business outside the U.S. These initiatives included headcount reductions, the exit of certain facilities and the sale of a portion of the global Hardware & Home Improvement operations. Total costs associated with these initiatives are expected to be approximately $15 million, of which $14.3 million has been incurred to date,  the balance is anticipated to be incurred through September 30, 2016.

Global Expense Rationalization Initiatives – During the three month period ended June 30, 2013, the Company implemented a series of initiatives throughout the Company to reduce operating costs. These initiatives consisted of headcount reductions in the Global Batteries & Appliances and Global Pet Supplies segments, and within Corporate. Total costs associated with these initiatives are expected to be approximately $47 million, of which $45.1 million has been incurred to date, the balance is anticipated to be incurred through September 30, 2018.

Other Restructuring Activities – The Company is entering or may enter into small, less significant initiatives and restructuring activities to reduce costs and improve margins throughout the organization. Individually these activities are not substantial, and occur over a shorter time period (less than 12 months). Total costs associated with these initiatives are expected to be approximately $3million, of which $1.8 million has been incurred to date.

The following table summarizes restructuring and related charges for the three and nine month periods ended July 3, 2016 and June 28, 2015:

	Three Months Ended				Nine Months Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
HHI business rationalization initiatives	$	—	$	6.3	$	(0.5)	$	7.7
GAC business rationalization initiatives		3.6		—		3.6		—
Global expense rationalization initiatives		1.1		3.9		3.3		13.9
Other restructuring activities		0.8		0.3		1.8		0.7
Total restructuring and related charges	$	5.5	$	10.5	$	8.2	$	22.3
Reported as:
Cost of goods sold	$	0.1	$	—	$	0.4	$	0.4
Operating expense		5.4		10.5		7.8		21.9

10

The following is a summary of restructuring and related charges for the three and nine month periods ended July 3, 2016 and June 28, 2015 by cost type:

	Termination		Other
(in millions)	Benefits		Costs		Total
For the three month period ended July 3, 2016		1.3		4.2		5.5
For the three month period ended June 28, 2015		(1.9)		12.4		10.5
For the nine month period ended July 3, 2016		3.0		5.2		8.2
For the nine month period ended June 28, 2015		6.0		16.3		22.3
Cumulative costs through July 3, 2016		31.1		33.7		64.8

The following is a rollforward of the accrual related to all restructuring and related activities, included within Other Current Liabilities, by cost type for the nine month period ended July 3, 2016:

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2015		4.3		3.9		8.2
Provisions		3.0		5.2		8.2
Cash expenditures		(5.6)		(7.5)		(13.1)
Non-cash items		0.1		(0.2)		(0.1)
Accrual balance at July 3, 2016	$	1.8	$	1.4	$	3.2

The following summarizes restructuring and related charges by segment for the three and nine month periods ended July 3, 2016 and June 28, 2015, cumulative costs incurred through July 3, 2016 and future expected costs to be incurred by segment:

	Global				Hardware
	Batteries &		Global Pet		& Home		Global
(in millions)	Appliances		Supplies		Improvement		Auto Care		Corporate		Total
For the three month period ended July 3, 2016	$	0.6	$	0.6	$	0.7		3.6	$	—	$	5.5
For the three month period ended June 28, 2015		1.0		3.2		6.3		—		—		10.5
For the nine month period ended July 3, 2016		1.0		2.4		1.2		3.6		—		8.2
For the nine month period ended June 28, 2015		6.4		7.8		7.8		—		0.3		22.3
Cumulative costs through July 3, 2016		30.2		12.9		16.0		3.6		2.1		64.8
Future costs to be incurred		0.5		2.2		0.3		11.5		0.1		14.6

NOTE 5 - RECEIVABLES AND CONCENTRATION OF CREDIT RISK

The allowance for uncollectible receivables as of July 3, 2016 and September 30, 2015 was $46.0 million and $44.0 million, respectively. The Company has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This customer represents approximately 17% and 16% of the Company’s Trade Receivables at July 3, 2016 and September 30, 2015, respectively.

NOTE 6 - INVENTORIES

Inventories consist of the following:

(in millions)	July 3, 2016		September 30, 2015
Raw materials	$	143.1	$	132.4
Work-in-process		59.8		37.9
Finished goods		639.4		610.5
	$	842.3	$	780.8

11

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

(in millions)	July 3, 2016		September 30, 2015
Land, buildings and improvements	$	193.5	$	190.9
Machinery, equipment and other		525.9		491.9
Capitalized leases		121.7		97.3
Construction in progress		59.5		51.8
Property, plant and equipment	$	900.6	$	831.9
Accumulated depreciation		(377.4)		(324.8)
Property, plant and equipment, net	$	523.2	$	507.1

NOTE 8 - GOODWILL AND INTANGIBLE ASSETS

Goodwill, by segment, consists of the following:

	Global		Hardware &
	Batteries &		Home		Global Pet		Home and		Global
(in millions)	Appliances		Improvement		Supplies		Garden		Auto Care		Total
Balance, as of September 30, 2015		348.5		699.5		299.6		196.5		932.6		2,476.7
Adjustments		—		—		—		—		3.4		3.4
Foreign currency impact		(2.8)		3.6		0.1		—		(1.3)		(0.4)
Balance, as of July 3, 2016	$	345.7	$	703.1	$	299.7	$	196.5	$	934.7	$	2,479.7

The carrying value and accumulated amortization for intangible assets subject to amortization are as follows:

	July 3, 2016						September 30, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	984.0	$	(288.7)	$	695.3	$	985.2	$	(247.4)	$	737.8
Technology assets		236.3		(91.0)		145.3		238.6		(78.1)		160.5
Tradenames		165.4		(85.3)		80.1		165.4		(73.7)		91.7
Total	$	1,385.7	$	(465.0)	$	920.7	$	1,389.2	$	(399.2)	$	990.0

The range and weighted average useful lives for definite-lived intangible assets are as follows:

Asset Type	Range	Weighted Average
Customer relationships	2 - 20 years	18.5 years
Technology assets	4 - 18 years	11.1 years
Tradenames	8 - 17 years	16.2 years

Certain tradename intangible assets have an indefinite life and are not amortized. The balance of tradenames not subject to amortization was $1,478.9 million and $1,490.3 million as of July 3, 2016 and September 30, 2015. There was no impairment loss on indefinite-lived trade names for the nine month periods ended July 3, 2016 or June 28, 2015.

Amortization expense from intangible assets for the three month periods ended July 3, 2016 and June 28, 2015 was $23.5 million and $22.3 million, respectively. Amortization expense from intangible assets for the nine month periods ended July 3, 2016 and June 28, 2015 was $70.5 million and $64.0 million, respectively. Excluding the impact of any future acquisitions or changes in foreign currency, the Company estimates annual amortization expense of intangible assets for the next five fiscal years will be as follows:

(in millions)	Amortization
2016	$	93.9
2017		93.0
2018		86.2
2019		85.1
2020		84.9

12

NOTE 9 - DEBT

Debt consists of the following:

	Spectrum Brands Holdings, Inc.								SB/RH Holdings, LLC
	July 3, 2016				September 30, 2015				July 3, 2016				September 30, 2015
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Term Loan, variable rate, due June 23, 2022	$	1,103.1	3.6	%	$	1,226.9	3.9	%	$	1,103.1	3.6	%	$	1,226.9	3.9	%
CAD Term Loan, variable rate, due June 23, 2022		57.4	4.6	%		55.7	4.4	%		57.4	4.6	%		55.7	4.4	%
Euro Term Loan, variable rate, due June 23, 2022		116.7	3.5	%		255.8	3.5	%		116.7	3.5	%		255.8	3.5	%
5.75% Notes, due July 15, 2025		1,000.0	5.8	%		1,000.0	5.8	%		1,000.0	5.8	%		1,000.0	5.8	%
6.125% Notes, due December 15, 2024		250.0	6.1	%		250.0	6.1	%		250.0	6.1	%		250.0	6.1	%
6.375% Notes, due November 15, 2020		520.0	6.4	%		520.0	6.4	%		520.0	6.4	%		520.0	6.4	%
6.625% Notes, due November 15, 2022		570.0	6.6	%		570.0	6.6	%		570.0	6.6	%		570.0	6.6	%
Revolver Facility, variable rate, expiring June 23, 2020		198.5	3.6	%		—	—	%		198.5	3.6	%		—	—	%
Other notes and obligations		15.4	11.9	%		11.2	10.2	%		22.4	8.1	%		45.9	4.9	%
Obligations under capital leases		107.9	5.5	%		88.2	5.7	%		107.9	5.5	%		88.2	5.7	%
Total debt		3,939.0				3,977.8				3,946.0				4,012.5
Unamortized discount on debt		(5.3)				(6.8)				(5.3)				(6.8)
Debt issuance costs		(58.2)				(65.1)				(58.2)				(65.1)
Less current portion		(35.3)				(33.8)				(42.3)				(68.5)
Long-term debt, net of current portion	$	3,840.2			$	3,872.1			$	3,840.2			$	3,872.1

The Term Loans and Revolver Facility are subject to variable interest rates, (i) the USD Term Loan is subject to either adjusted LIBOR (International Exchange London Interbank Offered Rate), subject to a 0.75% floor plus 2.75% per annum, or base rate plus 1.75% per annum, (ii) the CAD Term Loan is subject to either CDOR (Canadian Dollar Offered Rate), subject to a 0.75% floor plus 3.5% per annum, or base rate plus 2.5% per annum, (iii) the Euro Term Loan is subject to either EURIBOR (Euro Interbank Offered Rate), subject to a 0.75% floor plus 2.75% per annum, with no base rate option available and (iv) the Revolver Facility is subject to either adjusted LIBOR plus 2.75% per annum, or base rate plus 1.75% per annum. As a result of borrowings and payments under the Revolver Facility, at July 3, 2016, the Company had borrowing availability of $276.9 million, net outstanding letters of credit of $24.6 million.

Debt held by SB/RH also includes a loan with SBH of $7.1 million and $34.7 million as of July 3, 2016 and September 30, 2015, respectively.

NOTE 10 - DERIVATIVES

Cash Flow Hedges

Interest Rate Swaps. The Company uses interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in Accumulated Other Comprehensive Income (“AOCI”) and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counterparties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest from the underlying debt to which the swap is designated. At July 3, 2016 and September 30, 2015, the Company had a series of U.S. dollar denominated interest rate swaps outstanding which effectively fix the interest on floating rate debt, exclusive of lender spreads, at 1.36% for a notional principal amount of $300.0 million through April 2017. The derivative net losses estimated to be reclassified from AOCI into earnings over the next 12 months is $1.3 million, net of tax. The Company’s interest rate swap derivative financial instruments at July 3, 2016 and September 30, 2015 are as follows:

	July 3, 2016				September 30, 2015
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		0.8	$	300.0		1.5

13

Commodity Swaps. The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes. The Company hedges a portion of the risk associated with the purchase of these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At July 3, 2016, the Company had a series of zinc and brass swap contracts outstanding through September 2017. The derivative net gains estimated to be reclassified from AOCI into earnings over the next 12 months is $0.6 million, net of tax. The Company had the following commodity swap contracts outstanding as of July 3, 2016 and September 30, 2015.

	July 3, 2016				September 30, 2015
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Zinc swap contracts		7.2 Tons	$	13.6		10.8 Tons	$	22.2
Brass swap contracts		1.0 Tons	$	4.3		1.8 Tons	$	8.5

Foreign exchange contracts. The Company periodically enters into forward foreign exchange contracts to hedge 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 U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. 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 Net Sales or purchase price variance in Cost of Goods Sold on the Condensed Consolidated Statements of Operations. At July 3, 2016, the Company had a series of foreign exchange derivative contracts outstanding through September 2017. The derivative net gains estimated to be reclassified from AOCI into earnings over the next 12 months is $4.1 million, net of tax. At July 3, 2016 and September 30, 2015, the Company had foreign exchange derivative contracts designated as cash flow hedges with a notional value of $224.7 million and $300.6 million, respectively.

Derivative Contracts Not Designated as Hedges for Accounting Purposes

Foreign exchange contracts. The Company periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed 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 July 3, 2016, the Company had a series of forward exchange contracts outstanding through August 2016. At July 3, 2016 and September 30, 2015, the Company had $197.1 million and $126.8 million, respectively, of notional value of such foreign exchange derivative contracts outstanding.

Commodity Swaps. The Company periodically enters into commodity swap contracts to economically hedge the risk from fluctuating prices for raw materials, specifically the pass-through of market prices for silver used in manufacturing purchased watch batteries. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The swap contracts are designated as economic hedges with the unrealized gain or loss recorded in earnings and as an asset or liability at each period end. The unrecognized changes in the fair value of the hedge contracts are adjusted through earnings when the realized gains or losses affect earnings upon settlement of the hedges. The swaps effectively fix the floating price on a specified quantity of silver through a specified date. At July 3, 2016, the Company had a series of commodity swaps outstanding through August 2016. The Company had the following commodity swaps outstanding as of July 3, 2016 and September 30, 2015:

	July 3, 2016				September 30, 2015
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Silver		5.0 troy oz.	$	0.1		25.0 troy oz.	$	0.4

14

Fair Value of Derivative Instruments

The fair value of the Company’s outstanding derivative contracts recorded in the Condensed Consolidated Statements of Financial Position is as follows:

(in millions)	Line Item	July 3, 2016		September 30, 2015
Derivative Assets
Commodity swaps - designated as hedge	Receivables—Other	$	1.3	$	—
Commodity swaps - designated as hedge	Deferred charges and other		0.3		—
Foreign exchange contracts - designated as hedge	Receivables—Other		6.6	$	5.2
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.6		0.4
Foreign exchange contracts - not designated as hedge	Receivables—Other		0.4		0.4
Total Derivative Assets		$	9.2	$	6.0
Derivative Liabilities
Interest rate swaps - designated as hedge	Other current liabilities	$	1.3	$	1.4
Interest rate swaps - designated as hedge	Accrued interest		0.5		0.4
Interest rate swaps - designated as hedge	Other long-term liabilities		—		0.8
Commodity swaps - designated as hedge	Accounts payable		0.4		4.7
Commodity swaps - designated as hedge	Other long-term liabilities		—		0.8
Commodity swaps - not designated as hedge	Accounts payable		—		0.1
Foreign exchange contracts - designated as hedge	Accounts payable		1.7		1.5
Foreign exchange contracts - designated as hedge	Other long-term liabilities		0.1		—
Foreign exchange contracts - not designated as hedge	Accounts payable		0.6		0.1
Total Derivative Liabilities		$	4.6	$	9.8

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 such 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 was less than $0.1 million as of July 3, 2016 and September 30, 2015.

The Company’s standard contracts do not contain credit risk related contingent features whereby the Company would be required to post additional cash collateral as a result of 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, 2015, there was $3.5 millionof posted cash collateral related to such liability positions. As of July 3, 2016, there was no cash collateral outstanding. In addition, as of July 3, 2016 and September 30, 2015, the Company had no posted standby letters of credit related to such liability positions. The cash collateral is included in Other Receivables in the Condensed Consolidated Statements of Financial Position.

15

The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015, pretax:

	Effective Portion
For the three months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
July 3, 2016 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.2)	Interest expense	$	(0.5)	Interest expense	$	—
Commodity swaps		2.0	Cost of goods sold		(0.8)	Cost of goods sold		0.1
Foreign exchange contracts		(0.3)	Net sales		—	Net sales		—
Foreign exchange contracts		8.0	Cost of goods sold		0.1	Cost of goods sold		—
Total	$	9.5		$	(1.2)		$	0.1
	Effective Portion
For the three months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
June 28, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.5)	Interest expense	$	(0.5)	Interest expense	$	—
Commodity swaps		(0.7)	Cost of goods sold		—	Cost of goods sold		—
Foreign exchange contracts		0.2	Net sales		—	Net sales		—
Foreign exchange contracts		(6.8)	Cost of goods sold		8.6	Cost of goods sold		—
Total	$	(7.8)		$	8.1		$	—
	Effective Portion
For the nine months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
July 3, 2016 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.5)	Interest expense	$	(1.4)	Interest expense	$	—
Commodity swaps		2.9	Cost of goods sold		(3.8)	Cost of goods sold		0.1
Foreign exchange contracts		(0.4)	Net sales		—	Net sales		—
Foreign exchange contracts		6.8	Cost of goods sold		5.0	Cost of goods sold		—
Total	$	8.8		$	(0.2)		$	0.1
	Effective Portion
For the nine months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
June 28, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(2.4)	Interest expense	$	(1.4)	Interest expense	$	—
Commodity swaps		(2.4)	Cost of goods sold		0.3	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		—	Net sales		—
Foreign exchange contracts		14.0	Cost of goods sold		21.0	Cost of goods sold		—
Total	$	9.3		$	19.9		$	—

The following summarizes the loss associated with derivative contracts not designated as hedges in the Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015:

		Three Months Ended				Nine Months Ended
(in millions)	Line Item	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Foreign exchange contracts	Other non-operating expenses, net	$	0.8	$	5.0	$	1.6	$	(2.4)

16

NOTE 11 - FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company has not changed the valuation techniques used in measuring the fair value of any financial assets and liabilities during the year. The Company’s derivative portfolio contains Level 2 instruments. See Note 10, “Derivatives” for additional detail. The fair values of derivative instruments as of July 3, 2016 and September 30, 2015 are as follows: 

	July 3, 2016				September 30, 2015
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Derivative Assets	$	9.2	$	9.2	$	6.0	$	6.0
Derivative Liabilities	$	4.6	$	4.6	$	9.8	$	9.8

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

The fair value measurements of the Company’s debt are valued at quoted input prices that are directly observable or indirectly observable through corroboration with observable market data (Level 2). The carrying values and fair values for debt as of July 3, 2016 and September 30, 2015 are as follows:

	July 3, 2016				September 30, 2015
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Total debt - Spectrum Brands Holdings, Inc.	$	3,875.5	$	4,045.2	$	3,905.9	$	4,085.8
Total debt - SB/RH Holdings, LLC	$	3,882.5	$	4,052.3	$	3,940.6	$	4,120.5

NOTE 12 - EMPLOYEE BENEFIT PLANS

The net periodic benefit cost for the Company’s pension and deferred compensation plans for the three and nine month periods ended July 3, 2016, and June 28, 2015 were as follows:

	U.S. Plans				Non U.S. Plans
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Three month period ended
Service cost	$	0.1	$	0.1	$	0.7	$	0.7
Interest cost		0.7		0.8		1.5		1.6
Expected return on assets		(1.1)		(1.1)		(1.2)		(1.3)
Recognized net actuarial loss		0.1		—		0.4		0.3
Net periodic benefit cost	$	(0.2)	$	(0.2)	$	1.4	$	1.3
Nine month period ended
Service cost	$	0.2	$	0.3	$	2.0	$	2.1
Interest cost		2.2		2.4		4.6		4.9
Expected return on assets		(3.3)		(3.3)		(3.6)		(4.2)
Recognized net actuarial loss		0.4		0.1		1.3		1.0
Net periodic benefit cost	$	(0.5)	$	(0.5)	$	4.3	$	3.8
Weighted average assumptions
Discount rate	4.25%		4.15%		1.75 - 13.81%		2.00 - 13.50%
Expected return on plan assets	7.25%		7.50%		1.75 - 4.53%		2.00 - 5.26%
Rate of compensation increase	N/A		N/A		2.25 - 5.50%		2.25 - 5.50%

Company contributions to its pension and deferred compensation plans, including discretionary amounts, for the three months ended July 3, 2016 and June 28, 2015, were $2.2 million and $2.0 million, respectively. Company contributions to its pension and deferred compensation plans, including discretionary amounts, for the nine months ended July 3, 2016 and June 28, 2015, were $8.1 million and $7.5 million, respectively.

17

NOTE 13 - SHARE BASED COMPENSATION

Share based compensation expense for SBH during the three month periods ended July 3, 2016 and June 28, 2015 was $15.9 million and $16.9 million respectively. Share based compensation expense for SBH during the nine month periods ended July 3, 2016 and June 28, 2015 was $47.4 million and $36.3 million respectively.The remaining unrecognized pre-tax compensation cost for SBH at July 3, 2016 was $28.6 million.

Share based compensation expense for SB/RH during the three month periods ended July 3, 2016 and June 28, 2015 was $14.6 million and $15.2 million respectively.Share based compensation expense for SB/RH during the nine month periods ended July 3, 2016 and June 28, 2015 was $43.4 million and $32.2 million respectively. The remaining unrecognized pre-tax compensation cost for SB/RH at July 3, 2016 was $25.9 million.

During the three month period ended July 3, 2016, SBH and SB/RHgranted less than 0.1 million Restricted Stock Units (“RSUs”).  The total market value of the RSUs on the dates of the grants was $1.6 million for SBH and SB/RH.

During the nine month period ended July 3, 2016, SBH and SB/RH granted 0.6 million RSUs, which included0.2 million units that vested immediately or within 12 months and 0.4 million that are both performance and time-based and vest over a period ranging from one to two years. The total market value of the RSUs on the dates of the grants was $55.7 million and $53.9 million for SBH and SB/RH, respectively. The fair value of RSUs is determined based on the market price of the Company’s shares of common stock on the grant date. A summary of the activity in the Company’s RSUs during the nine month period ended July 3, 2016 is as follows:

	Spectrum Brands Holdings, Inc.					SB/RH Holdings, LLC
		Weighted		Fair			Weighted		Fair
		Average		Value			Average		Value
		Grant Date		at Grant			Grant Date		at Grant
(in millions, except per share data)	Shares	Fair Value		Date		Shares	Fair Value		Date
Non-vested RSUs at September 30, 2015	0.6		87.50	$	53.2	0.5		87.71	$	42.1
Granted	0.6		94.78		55.7	0.6		94.90		53.9
Forfeited	(0.2)		94.75		(14.8)	(0.2)		94.75		(14.8)
Vested	(0.5)		86.81		(47.3)	(0.5)		86.60		(43.8)
Non-vested RSUs at July 3, 2016	0.5		94.63	$	46.8	0.4		96.90	$	37.4

18

NOTE 14 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in the components of AOCI, net of tax, for the nine month period endedJuly 3, 2016 was as follows:

	Foreign				Employee
	Currency		Derivative		Benefit
(in millions)	Translation		Hedging		Plans		Total
Accumulated other comprehensive loss, as of September 30, 2015		(152.3)		(4.0)		(43.8)		(200.1)
Other comprehensive (loss) income before reclassification		(6.0)		8.8		0.4		3.2
Amounts reclassified from accumulated other comprehensive income (loss)		-		0.2		1.8		2.0
Other comprehensive (loss) income, nine month period ended July 3, 2016		(6.0)		9.0		2.2		5.2
Deferred tax effect		-		(1.4)		(0.5)		(1.9)
Deferred tax valuation allowance		-		1.0		-		1.0
Other comprehensive income, net of tax		(6.0)		8.6		1.7		4.3
Other comprehensive loss attributable to non-controlling interest		(0.3)		-		-		(0.3)
Other comprehensive income attributable to controlling interest		(5.7)		8.6		1.7		4.6
Accumulated other comprehensive (loss) income, as of July 3, 2016	$	(158.0)	$	4.6	$	(42.1)	$	(195.5)

Amounts reclassified from AOCI associated with employee benefit plan costs and recognized on the Company’s Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015 were as follows:

	Three Month Period Ended				Nine Month Period Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Cost of goods sold	$	0.4	$	0.2	$	1.1	$	0.5
Selling expenses		—		—		0.2		0.2
General and administrative expenses		0.2		0.1		0.5		0.4
Amounts reclassified from accumulated other comprehensive income	$	0.6	$	0.3	$	1.8	$	1.1

See Note 10 “Derivatives”, for amounts reclassified from AOCI from the Company’s derivative hedging activity.

NOTE 15 - INCOME TAXES

SBH effective tax rate for the three month periods ended July 3, 2016 and June 28, 2015 was 29.4% and (112.8)%, respectively. SB/RH effective tax rate for the three month periods ended July 3, 2016 and June 28, 2015 was 27.9% and (104.4)%, respectively. The estimated annual effective tax rate applied to these periods differs from the U.S. federal statutory rate of 35% principally due to income earned outside the U.S. that is subject to statutory rates lower than 35% and the release of valuation allowance on U.S. net operating losses deferred tax assets offsetting tax expense on U.S. pretax income. The effective tax rate for the three month period ended July 3, 2016 was increased due to $25.5 million of income tax expense recognized for a tax contingency reserve for a tax exposure in Germany. SBH effective tax rate also includes $5.3 million of tax benefits from the adoption of ASU No. 2016-09. SBRH effective tax rate includes $9.4 million of tax benefits from the adoption of ASU No. 2016-09. See Note 2, “Significant Accounting Policies”, for additional discussion over the adoption of ASU No. 2016-09.

SBH’s effective tax rate for the nine month periods ended July 3, 2016 and June 28, 2015 was 14.8% and 3.8%, respectively. SB/RH’s effective tax rate for the nine month periods ended July 3, 2016 and June 28, 2015 was 17.7% and 3.6%, respectively. The estimated annual effective tax rate applied to these periods differs from the U.S. federal statutory rate of 35% principally due to income earned outside the U.S. that is subject to statutory rates lower than 35% and the release of valuation allowance on U.S. net operating losses deferred tax assets offsetting tax expense on U.S. pretax income. The effective tax rate for the three and nine month period ended July 3, 2016 was increased due to $25.5 million of income tax expense recognized for a tax contingency reserve for a tax exposure in Germany. SBH effective tax rate also includes $22.7 million of tax benefits from the adoption of ASU No. 2016-09 for the nine month period ended July 3, 2016.  SBRH effective tax rate includes $19.9 million of tax benefits from the adoption of ASU No. 2016-09 for the nine month period ended July 3, 2016.  See Note 2, “Significant Accounting Policies”, for additional discussion over the adoption of ASU No. 2016-09. For the nine month period ended July 3, 2016, the effective tax rate was reduced due to $5.9 million for non-recurring items related to the impact of tax law changes and changes in state deferred tax rates on the Company’s net deferred tax liabilities.

In December 2015, the Company received a ruling from the Internal Revenue Service which resulted in approximately $88 million of U.S. net operating losses being restored. The ruling created additional U.S. deferred tax assets and valuation allowance during the nine month period ended July 3, 2016.

19

During the nine month period ended July 3, 2016, the Company determined it is more likely than not its U.S. deferred tax assets will be used to reduce taxable income, except for tax attributes subject to ownership change limitations, capital losses, and certain state operating losses and credits that will expire unused. The Company estimates the total unused tax benefits are approximately $211 million. The Company has projected to release approximately $109 million of valuation allowance during the year ending September 30, 2016 based on estimates of taxable income. Approximately $25 million of the valuation allowance release results from additional deferred tax assets created by the adoption of ASU No. 2016-09. For the nine month period ended July 3, 2016, the Company included $95 million of the release in the calculation of the estimated annual effective tax rate for the current fiscal year, and $14 million as a discrete income tax benefit.

NOTE 16 - SEGMENT INFORMATION

The Company identifies its segments based upon the internal organization that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments. The Company manufactures, markets and/or distributes multiple product lines through various distribution networks, and in multiple geographic regions. The Company manages its business in five vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of the Company’s worldwide battery, electric personal care and small appliances businesses; (ii) Hardware & Home Improvement, which consists of the Company’s worldwide hardware, home improvement and plumbing business; (iii) Global Pet Supplies, which consists of the Company’s worldwide pet supplies business; (iv) Home and Garden, which consists of the Company’s home and garden and insect control business and (v) Global Auto Care, which was established through the AAG acquisition on May 21, 2015 and consists of the Company’s automotive appearance and performance products. 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 general manager responsible for the sales and marketing initiatives and financial results for product lines within the segment. 

Summary statements of operations including net sales to external customers relating to the segments for the three and nine month periods ended July 3, 2016 and June 28, 2015 are as follows:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Three month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Consumer batteries	$	187.2	$	178.3	$	187.2	$	178.3
Small appliances		151.1		161.3		151.1		161.3
Personal care		115.8		119.4		115.8		119.4
Global Batteries & Appliances		454.1		459.0		454.1		459.0
Hardware & Home Improvement		328.5		313.5		328.5		313.5
Global Pet Supplies		207.1		208.3		207.1		208.3
Home and Garden		212.0		202.3		212.0		202.3
Global Auto Care		159.8		64.4		159.8		64.4
Net sales	$	1,361.5	$	1,247.5	$	1,361.5	$	1,247.5
	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Nine month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Consumer batteries	$	618.0	$	600.3	$	618.0	$	600.3
Small appliances		479.3		536.7		479.3		536.7
Personal care		393.0		402.3		393.0		402.3
Global Batteries & Appliances		1,490.3		1,539.3		1,490.3		1,539.3
Hardware & Home Improvement		912.9		874.1		912.9		874.1
Global Pet Supplies		619.0		538.8		619.0		538.8
Home and Garden		414.7		365.7		414.7		365.7
Global Auto Care		353.1		64.4		353.1		64.4
Net sales	$	3,790.0	$	3,382.3	$	3,790.0	$	3,382.3

20

During the three month period ended July 3, 2016, the Company changed its performance metric to Adjusted EBITDA to better reflect how the Chief Operating Decision Maker is currently evaluating the business and making operating decisions. All amounts for prior periods have been recast to reflect current presentation. 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 further excludes (1) share based compensation expense as it is a non-cash based compensation cost; (2) acquisition and integration costs that consist of transaction costs from acquisition transactions during the period, or subsequent integration related project costs directly associated with the acquired business; (3) restructuring and related costs, which consist of project costs associated with restructuring initiatives across the segments; (4) non-cash purchase accounting inventory adjustments recognized in earnings subsequent to an acquisition; (5) non-cash asset impairments or write-offs realized; (6) and other. During the nine month period ended July 3, 2016, other adjustments consisted of costs associated with the onboarding of a key executive and the involuntary transfer of inventory. During the three and nine month period ended June 28, 2015, other consisted of costs associated with exiting of a key executive, coupled with onboarding a key executive. Segment Adjusted EBITDA in relation to the Company’s reportable segments for the three and nine month periods ended July 3, 2016 and June 28, 2015, is as follows:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Three month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Global Batteries & Appliances	$	64.3	$	60.1	$	64.3	$	60.1
Hardware & Home Improvement		65.2		62.6		65.2		62.6
Global Pet Supplies		37.7		38.4		37.7		38.4
Home and Garden		67.0		62.4		67.0		62.4
Global Auto Care		54.2		19.2		54.2		19.2
Total Segment Adjusted EBITDA		288.4		242.7		288.4		242.7
Depreciation and amortization		45.3		43.8		45.3		43.8
Share-based compensation		15.9		16.9		14.6		15.2
Corporate expenses		9.2		6.5		9.1		6.5
Purchase accounting inventory adjustment		—		4.7		—		4.7
Acquisition and integration related charges		8.0		24.2		8.0		24.2
Restructuring and related charges		5.5		10.5		5.5		10.5
Interest expense		59.9		112.9		59.9		112.9
Other		—		2.1		—		2.1
Income from operations before income taxes	$	144.6	$	21.1	$	146.0	$	22.8
	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Nine month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Global Batteries & Appliances	$	228.1	$	229.2	$	228.1	$	229.2
Hardware & Home Improvement		172.5		160.2		172.5		160.2
Global Pet Supplies		98.3		82.4		98.3		82.4
Home and Garden		118.3		100.0		118.3		100.0
Global Auto Care		122.0		19.2		122.0		19.2
Total Segment Adjusted EBITDA		739.2		591.0		739.2		591.0
Depreciation and amortization		136.7		122.7		136.7		122.7
Share-based compensation		47.4		36.3		43.4		32.2
Corporate expenses		23.3		19.8		22.9		19.5
Purchase accounting inventory adjustment		—		7.7		—		7.7
Acquisition and integration related charges		31.2		44.2		31.2		44.2
Restructuring and related charges		8.2		22.3		8.2		22.3
Interest expense		175.8		206.5		175.8		206.5
Other		1.2		3.9		1.1		3.9
Income from operations before income taxes	$	315.4	$	127.6	$	319.9	$	132.0

21

NOTE 17 - EARNINGS PER SHARE - SBH

The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the three and nine month periods ended July 3, 2016 and June 28, 2015 are as follows:

	Three Month Periods Ended				Nine Month Periods Ended
(in millions, except per share amounts)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Numerator
Net income attributable to controlling interest	$	101.9	$	44.9	$	268.2	$	122.5
Denominator
Weighted average shares outstanding - basic		59.4		56.5		59.3		54.2
Dilutive shares		0.2		—		0.2		0.1
Weighted average shares outstanding - diluted		59.6		56.5		59.5		54.3
Earnings per share
Basic earnings per share	$	1.72	$	0.79	$	4.52	$	2.26
Diluted earnings per share	$	1.71	$	0.79	$	4.51	$	2.26
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units		0.3		0.3		0.3		0.3

22

NOTE 18 - GUARANTOR STATEMENTS – SB/RH

Spectrum Brands, Inc. (“SBI”)with SB/RH as a parent guarantor (collectively, the “Parent”), with SBI’s domestic subsidiaries as subsidiary guarantors, has issued the 6.375% Notes and the 6.625% Notes under the 2020/2022 Indenture, 6.125% Notes under the 2024 Indenture and the 5.75% Notes under the 2025 Indenture. See Note 9, “Debt” for further information on the 6.375% Notes, 6.625% Notes, 6.125% Notes and 5.75% Notes.

The following consolidating financial statements illustrate the components of the condensed consolidated financial statements of SB/RH. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. The elimination entries presented herein eliminate investments in subsidiaries and intercompany balances and transactions.

Statement of Financial Position			Guarantor		Nonguarantor
As of July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	3.9	$	2.5	$	110.5	$	—	$	116.9
Trade receivables, net		183.2		211.9		193.8		—		588.9
Intercompany receivables		—		795.3		215.4		(1,010.7)		—
Other receivables		—		8.1		56.1		(3.0)		61.2
Inventories		406.4		132.2		326.5		(22.8)		842.3
Prepaid expenses and other		43.3		4.8		34.1		—		82.2
Total current assets		636.8		1,154.8		936.4		(1,036.5)		1,691.5
Property, plant and equipment, net		234.5		74.5		214.2		—		523.2
Long-term intercompany receivables		500.2		241.4		13.8		(755.4)		—
Deferred charges and other		168.8		0.9		40.8		(175.9)		34.6
Goodwill		912.1		1,154.5		413.1		—		2,479.7
Intangible assets, net		1,359.6		633.5		406.5		—		2,399.6
Investments in subsidiaries		3,433.9		1,206.7		(2.9)		(4,637.7)		—
Total assets	$	7,245.9	$	4,466.3	$	2,021.9	$	(6,605.5)	$	7,128.6
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	23.0	$	0.4	$	18.9	$	—	$	42.3
Accounts payable		195.5		75.0		203.0		—		473.5
Intercompany accounts payable		1,012.2		—		12.8		(1,025.0)		—
Accrued wages and salaries		48.3		4.6		41.6		—		94.5
Accrued interest		42.0		—		—		—		42.0
Other current liabilities		77.5		15.6		97.0		(3.0)		187.1
Total current liabilities		1,398.5		95.6		373.3		(1,028.0)		839.4
Long-term debt, net of current portion		3,794.9		14.6		30.7		—		3,840.2
Long-term intercompany debt		14.3		476.7		250.1		(741.1)		—
Deferred income taxes		203.3		444.1		89.9		(181.7)		555.6
Other long-term liabilities		33.2		1.4		71.2		—		105.8
Total liabilities		5,444.2		1,032.4		815.2		(1,950.8)		5,341.0
Shareholder's equity:
Other equity		2,055.9		151.7		(955.0)		739.0		1,991.6
Accumulated (deficit) earnings		(58.2)		3,457.8		2,282.9		(5,740.8)		(58.3)
Accumulated other comprehensive (loss) income		(196.0)		(175.6)		(171.0)		347.1		(195.5)
Total shareholder's equity		1,801.7		3,433.9		1,156.9		(4,654.7)		1,737.8
Non-controlling interest		—		—		49.8		—		49.8
Total equity		1,801.7		3,433.9		1,206.7		(4,654.7)		1,787.6
Total liabilities and equity	$	7,245.9	$	4,466.3	$	2,021.9	$	(6,605.5)	$	7,128.6

23

Statement of Financial Position			Guarantor		Nonguarantor
As of September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	13.0	$	8.6	$	226.3	$	—	$	247.9
Trade receivables, net		175.8		94.9		228.1		—		498.8
Intercompany receivables		152.0		713.8		225.0		(1,090.8)		—
Other receivables		14.3		11.2		62.4		—		87.9
Inventories		410.3		95.7		291.8		(17.0)		780.8
Prepaid expenses and other		36.1		2.2		33.0		0.8		72.1
Total current assets		801.5		926.4		1,066.6		(1,107.0)		1,687.5
Property, plant and equipment, net		235.2		60.7		211.2		—		507.1
Long-term intercompany receivables		2.8		357.7		15.4		(375.9)		—
Deferred charges and other		154.8		14.1		35.3		(162.1)		42.1
Goodwill		910.7		1,154.0		412.0		—		2,476.7
Intangible assets, net		1,402.4		646.6		431.3		—		2,480.3
Investments in subsidiaries		3,150.1		1,095.9		(2.9)		(4,243.1)		—
Total assets	$	6,657.5	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,193.7
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	53.4	$	—	$	15.1	$	—	$	68.5
Accounts payable		281.1		45.9		293.6		—		620.6
Intercompany accounts payable		449.4		—		28.5		(477.9)		—
Accrued wages and salaries		40.3		10.0		46.2		—		96.5
Accrued interest		63.2		—		0.1		—		63.3
Other current liabilities		84.5		21.5		106.0		(0.1)		211.9
Total current liabilities		971.9		77.4		489.5		(478.0)		1,060.8
Long-term debt, net of current portion		3,848.8		—		23.3		—		3,872.1
Long-term intercompany debt		16.8		578.7		392.6		(988.1)		—
Deferred income taxes		202.1		440.5		94.2		(164.3)		572.5
Other long-term liabilities		33.3		8.8		73.4		—		115.5
Total liabilities		5,072.9		1,105.4		1,073.0		(1,630.4)		5,620.9
Shareholder's equity:
Other equity		1,981.7		1,129.2		34.7		(1,175.7)		1,969.9
Accumulated (deficit) earnings		(246.7)		2,139.8		1,176.1		(3,315.9)		(246.7)
Accumulated other comprehensive (loss) income		(200.2)		(175.1)		(171.0)		346.2		(200.1)
Total shareholder's equity		1,534.8		3,093.9		1,039.8		(4,145.4)		1,523.1
Non-controlling interest		49.8		56.1		56.1		(112.3)		49.7
Total equity		1,584.6		3,150.0		1,095.9		(4,257.7)		1,572.8
Total liabilities and equity	$	6,657.5	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,193.7

24

Statement of Operations			Guarantor		Nonguarantor
Three month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	615.6	$	567.6	$	615.7	$	(437.4)	$	1,361.5
Cost of goods sold		412.2		392.9		460.0		(434.3)		830.8
Restructuring and related charges		—		—		0.1				0.1
Gross profit		203.4		174.7		155.6		(3.1)		530.6
Selling		77.5		40.3		84.0		(0.1)		201.7
General and administrative		53.1		18.7		21.0		—		92.8
Research and development		9.1		1.6		3.9		—		14.6
Acquisition and integration related charges		4.4		0.3		3.3		—		8.0
Restructuring and related charges		0.6		3.7		1.1		—		5.4
Total operating expense		144.7		64.6		113.3		(0.1)		322.5
Operating income (loss)		58.7		110.1		42.3		(3.0)		208.1
Interest expense		50.7		5.1		4.1		—		59.9
Other non-operating (income) expense, net		(129.9)		(24.6)		2.3		154.4		2.2
Income from operations before income taxes		137.9		129.6		35.9		(157.4)		146.0
Income tax expense (benefit)		32.7		(0.5)		8.1		0.5		40.8
Net income (loss)		105.2		130.1		27.8		(157.9)		105.2
Net income attributable to non-controlling interest		—		—		0.1		—		0.1
Net income (loss) attributable to controlling interest	$	105.2	$	130.1	$	27.7	$	(157.9)	$	105.1

Statement of Operations			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,821.9	$	1,167.8	$	1,956.8	$	(1,156.5)	$	3,790.0
Cost of goods sold		1,241.8		805.8		1,457.6		(1,149.7)		2,355.5
Restructuring and related charges		—		—		0.4		—		0.4
Gross profit		580.1		362.0		498.8		(6.8)		1,434.1
Selling		234.0		91.2		254.1		(1.0)		578.3
General and administrative		160.5		51.5		59.8		(0.1)		271.7
Research and development		27.2		4.4		11.3				42.9
Acquisition and integration related charges		18.0		3.5		9.7				31.2
Restructuring and related charges		1.9		4.0		1.9				7.8
Total operating expense		441.6		154.6		336.8		(1.1)		931.9
Operating income (loss)		138.5		207.4		162.0		(5.7)		502.2
Interest expense		147.0		15.6		13.1		0.1		175.8
Other non-operating (income) expense, net		(282.7)		(116.7)		6.4		399.5		6.5
Income from operations before income taxes		274.2		308.5		142.5		(405.3)		319.9
Income tax expense (benefit)		10.9		24.2		25.1		(3.6)		56.6
Net income (loss)		263.3		284.3		117.4		(401.7)		263.3
Net income attributable to non-controlling interest		—		—		0.3		—		0.3
Net income (loss) attributable to controlling interest	$	263.3	$	284.3	$	117.1	$	(401.7)	$	263.0

25

Statement of Operations			Guarantor		Nonguarantor
Three month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	577.7	$	324.1	$	605.0	$	(259.3)	$	1,247.5
Cost of goods sold		397.5		202.8		445.3		(256.1)		789.5
Restructuring and related charges		—		—		—		—		—
Gross profit		180.2		121.3		159.7		(3.2)		458.0
Selling		69.8		32.1		83.2		(0.3)		184.8
General and administrative		54.2		15.4		18.6		—		88.2
Research and development		8.3		1.0		3.6		—		12.9
Acquisition and integration related charges		21.9		0.4		1.9		—		24.2
Restructuring and related charges		22.7		0.2		(12.4)		—		10.5
Total operating expense		176.9		49.1		94.9		(0.3)		320.6
Operating income (loss)		3.3		72.2		64.8		(2.9)		137.4
Interest expense		99.4		2.7		10.8		—		112.9
Other non-operating (income) expense, net		(89.6)		(42.7)		1.0		133.0		1.7
Income from operations before income taxes		(6.5)		112.2		53.0		(135.9)		22.8
Income tax (benefit) expense		(53.1)		22.2		7.1		—		(23.8)
Net income (loss)		46.6		90.0		45.9		(135.9)		46.6
Net income (loss) attributable to non-controlling interest		—		0.1		0.1		(0.2)		—
Net income (loss) attributable to controlling interest	$	46.6	$	89.9	$	45.8	$	(135.7)	$	46.6

Statement of Operations			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,672.6	$	529.7	$	1,875.5	$	(695.5)	$	3,382.3
Cost of goods sold		1,163.9		328.9		1,375.2		(689.0)		2,179.0
Restructuring and related charges		—		—		0.4		—		0.4
Gross profit		508.7		200.8		499.9		(6.5)		1,202.9
Selling		206.3		63.8		248.2		(0.6)		517.7
General and administrative		156.0		30.8		51.3		—		238.1
Research and development		24.3		2.0		10.6		—		36.9
Acquisition and integration related charges		33.9		3.0		7.3		—		44.2
Restructuring and related charges		30.7		0.3		(9.1)		—		21.9
Total operating expense		451.2		99.9		308.3		(0.6)		858.8
Operating income (loss)		57.5		100.9		191.6		(5.9)		344.1
Interest expense		180.8		1.1		24.6		—		206.5
Other non-operating (income) expense, net		(175.6)		(114.0)		4.0		291.2		5.6
Income from operations before income taxes		52.3		213.8		163.0		(297.1)		132.0
Income tax (benefit) expense		(74.9)		44.3		36.2		(0.8)		4.8
Net income (loss)		127.2		169.5		126.8		(296.3)		127.2
Net income (loss) attributable to non-controlling interest		0.2		0.2		0.2		(0.4)		0.2
Net income (loss) attributable to controlling interest	$	127.0	$	169.3	$	126.6	$	(295.9)	$	127.0

26

Statement of Comprehensive Income			Guarantor		Nonguarantor
Three month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	105.2	$	130.1	$	27.8	$	(157.9)	$	105.2
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(13.7)		(13.7)		(13.7)		27.4		(13.7)
Unrealized gain (loss) on derivative instruments		7.8		6.7		6.7		(13.4)		7.8
Defined benefit pension gain (loss)		1.2		1.1		1.2		(2.3)		1.2
Other comprehensive (loss) income		(4.7)		(5.9)		(5.8)		11.7		(4.7)
Comprehensive income (loss)		100.5		124.2		22.0		(146.2)		100.5
Comprehensive income (loss) attributable to non-controlling interest		—		—		(0.2)		—		(0.2)
Comprehensive income (loss) attributable to controlling interest	$	100.5	$	124.2	$	22.2	$	(146.2)	$	100.7

Statement of Comprehensive Income			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	263.3	$	284.3	$	117.4	$	(401.7)	$	263.3
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(6.0)		(6.0)		(5.9)		11.9		(6.0)
Unrealized gain (loss) on derivative instruments		8.6		3.9		3.8		(7.7)		8.6
Defined benefit pension gain (loss)		1.7		1.7		1.6		(3.3)		1.7
Other comprehensive income (loss)		4.3		(0.4)		(0.5)		0.9		4.3
Comprehensive income (loss)		267.6		283.9		116.9		(400.8)		267.6
Comprehensive income (loss) attributable to non-controlling interest		—		—		(0.3)		—		(0.3)
Comprehensive income (loss) attributable to controlling interest	$	267.6	$	283.9	$	117.2	$	(400.8)	$	267.9

Statement of Comprehensive Income			Guarantor		Nonguarantor
Three month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	46.6	$	90.0	$	45.9	$	(135.9)	$	46.6
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		9.5		9.5		9.5		(19.0)		9.5
Unrealized (loss) gain on derivative instruments		(12.0)		(11.5)		(11.5)		23.0		(12.0)
Defined benefit pension (loss) gain		(0.6)		(0.6)		(0.6)		1.2		(0.6)
Other comprehensive (loss) income		(3.1)		(2.6)		(2.6)		5.2		(3.1)
Comprehensive income (loss)		43.5		87.4		43.3		(130.7)		43.5
Comprehensive income (loss) attributable to non-controlling interest		—		—		—		—		—
Comprehensive income (loss) attributable to controlling interest	$	43.5	$	87.4	$	43.3	$	(130.7)	$	43.5

Statement of Comprehensive Income			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	127.2	$	169.5	$	126.8	$	(296.3)	$	127.2
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(68.6)		(69.2)		(69.2)		138.4		(68.6)
Unrealized (loss) gain on derivative instruments		(8.6)		(5.8)		(5.8)		11.6		(8.6)
Defined benefit pension gain (loss)		2.8		2.8		2.8		(5.6)		2.8
Other comprehensive (loss) income		(74.4)		(72.2)		(72.2)		144.4		(74.4)
Comprehensive income (loss)		52.8		97.3		54.6		(151.9)		52.8
Comprehensive income (loss) attributable to non-controlling interest		0.2		0.2		0.2		(0.4)		0.2
Comprehensive income (loss) attributable to controlling interest	$	52.6	$	97.1	$	54.4	$	(151.5)	$	52.6

27

Statement of Cash Flows			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(272.0)	$	219.5	$	(99.8)	$	257.0	$	104.7
Cash flows from investing activities
Purchases of property, plant and equipment		(32.2)		(6.0)		(21.4)		—		(59.6)
Proceeds from sales of property, plant and equipment		0.1		—		0.7		—		0.8
Other investing activities		(0.6)		(1.3)		—		—		(1.9)
Net cash used by investing activities		(32.7)		(7.3)		(20.7)		—		(60.7)
Cash flows from financing activities
Proceeds from issuance of debt		217.8		—		—		—		217.8
Payment of debt		(310.0)		—		(1.7)		—		(311.7)
Payment of debt issuance costs		(1.6)		—		—		—		(1.6)
Payment of cash dividends to parent		(74.6)		—		—		—		(74.6)
Payment of contingent consideration		(3.2)		—		—		—		(3.2)
Advances related to intercompany transactions		467.2		(218.3)		8.1		(257.0)		—
Net cash provided (used) by financing activities		295.6		(218.3)		6.4		(257.0)		(173.3)
Effect of exchange rate changes on cash and cash equivalents		—		—		(1.7)		—		(1.7)
Net (decrease) in cash and cash equivalents		(9.1)		(6.1)		(115.8)		—		(131.0)
Cash and cash equivalents, beginning of period		13.0		8.6		226.3		—		247.9
Cash and cash equivalents, end of period	$	3.9	$	2.5	$	110.5	$	—	$	116.9

Statement of Cash Flows			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(544.1)	$	(355.9)	$	(1,358.3)	$	2,094.7	$	(163.6)
Cash flows from investing activities								—
Purchases of property, plant and equipment		(25.0)		(7.3)		(17.2)		—		(49.5)
Business acquisitions, net of cash acquired		(1,077.5)		—		(115.7)		—		(1,193.2)
Proceeds from sales of property, plant and equipment		0.1		—		1.2		—		1.3
Other investing activities		—		—		(0.9)		—		(0.9)
Net cash used by investing activities		(1,102.4)		(7.3)		(132.6)		—		(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt		3,177.0		—		—		—		3,177.0
Payment of debt		(1,989.8)		—		(292.1)		—		(2,281.9)
Payment of debt issuance costs		(37.3)		—		—		—		(37.3)
Payment of cash dividends to parent		(51.0)		—		—		—		(51.0)
Share based tax withholding payments, net of proceeds upon vesting		(1.9)		—		—		—		(1.9)
Advances related to intercompany transactions		18.9		369.0		1,706.8		(2,094.7)		—
Capital contribution from parent		528.3		—		—		—		528.3
Net cash provided (used) by financing activities		1,644.2		369.0		1,414.7		(2,094.7)		1,333.2
Effect of exchange rate changes on cash and cash equivalents		—		—		(13.0)		—		(13.0)
Net increase (decrease) in cash and cash equivalents		(2.3)		5.8		(89.2)		—		(85.7)
Cash and cash equivalents, beginning of period		4.8		11.2		176.9		—		192.9
Cash and cash equivalents, end of period	$	2.5	$	17.0	$	87.7	$	—	$	107.2

28

Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations

Introduction

The following is management’s discussion of the financial results, liquidity and other key items related to our performance and should be read in conjunction with the Condensed Consolidated Financial Statements and related notes included in Item 1 of this Quarterly Report on Form 10-Q. Unless the context indicates otherwise, the term the “Company,” “Spectrum,” “we,” “our,” or “us” are used to refer to Spectrum Brands Holdings, Inc. and its subsidiaries and SB/RH Holdings, LLC and its subsidiaries, collectively.

Business Overview

We are a diversified global branded consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America, Europe, Middle East & Africa (“MEA”), Latin America and Asia-Pacific regions through a variety of trade channels, including retailers, wholesalers and distributors, original equipment manufacturers (“OEMs”), construction companies and hearing aid professionals. We enjoy strong name recognition in our regions under our various brands and patented technologies. Our diversified global branded consumer products have positions in seven major product categories: consumer batteries, small appliances, personal care, hardware and home improvement, pet supplies, home and garden and auto care. We manage the businesses in five vertically integrated, product-focused segments: (i) Global Batteries & Appliances, (ii) Hardware & Home Improvement, (iii) Global Pet Supplies, (iv) Home and Garden and (v) Global Auto Care. 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 general manager responsible for sales and marketing initiatives and the financial results for all product lines within that segment. See Note 16, “Segment Information” of Notes to the Condensed Consolidated Financial Statements, included elsewhere in this Quarterly Report for more information pertaining to segments. The following table summarizes the respective product types, brands, and regions for each of the segments:

Segment	Products	Brands	Regions
Global Batteries & Appliances	Consumer batteries: Alkaline, zinc carbon, and NiMH rechargeable batteries; hearing aid and other specialty battery products; battery powered portable lighting products. Small appliances: small kitchen and home appliances. Personal care: electric shaving and grooming products, hair care appliances and accessories.	Consumer batteries: Rayovac, VARTA. Small appliances: Black & Decker, George Foreman, Russell Hobbs, Juiceman, Breadman, and Toastmaster. Personal care: Remington.	North America Europe/MEA Latin America Asia-Pacific
Hardware & Home Improvement	Hardware and home improvement: Residential locksets and door hardware including hinges, security hardware, screen and storm door products, garage hardware, window hardware and floor protection; commercial doors, locks, and hardware; kitchen, bath and shower faucets and plumbing products.	Hardware and home improvement: Kwikset, Weiser, Baldwin, National Hardware, Stanley, Tell, Pfister.	North America Europe/MEA Latin America Asia-Pacific
Global Pet Supplies	Pet supplies: Dog, cat and small animal food and treats; clean-up and training aid products and accessories; pet health and grooming products; aquariums and aquatic health supplies.	Pet Supplies: 8-in-1, Dingo, Nature's Miracle, Wild Harvest, Littermaid, Tetra, Marineland, Whisper, Jungle, Instant Ocean, FURminator, IAMS, Eukanuba, Healthy-Hide, Digest-eeze.	North America Europe/MEA Latin America Asia-Pacific
Home and Garden	Home and garden: Household insecticides; insect and animal repellent products; insect and weed control solutions.	Home and garden: Cutter, Repel, Spectracide, Garden Safe, Liquid Fence, Hot Shot, Black Flag.	North America Latin America
Global Auto Care	Auto care: Aftermarket appearance products; performance chemicals & additives; do-it-yourself air conditioner recharge products.	Auto care: Armor All, STP, A/C PRO.	North America Europe/MEA Latin America Asia-Pacific

29

Acquisitions

The application of acquisition accounting as a result of business combinations can significantly affect certain assets, liabilities and expenses. There have been no acquisitions in the three and nine month periods ended July 3, 2016. See Note 3, “Acquisitions” in the Notes to the Condensed Consolidated Financial Statements, included elsewhere within this Quarterly Report, for additional detail regarding acquisition activity. The following recent acquisitions during the year ended September 30, 2015 have a significant impact on the comparability of the condensed consolidated financial statements.

Armored AutoGroup - On May 21, 2015, the Company completed the acquisition of Armored AutoGroup (“AAG”), a consumer products company consisting primarily of Armor All branded appearance products, STP branded performance chemicals, and A/C PRO branded do-it-yourself automotive air conditioner recharge products. The results of AAG’s operations are included in the Company’s Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition. AAG is reported as a separate segment, Global Auto Care.

Salix - On January 16, 2015, the Company completed the acquisition of Salix, a vertically integrated producer and distributor of premium, natural rawhide dog chews, treats and snacks. The results of Salix’s operations are included in the Company’s Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015, and as part of the Global Pet Supplies segment since the date of acquisition.

European IAMS and Eukanuba - On December 31, 2014, the Company completed the acquisition of Procter & Gamble’s European IAMS and Eukanuba pet food business (“European IAMS and Eukanuba”), including its premium brands for dogs and cats. The results of the European IAMS and Eukanuba’s operations are included in the Company’s Condensed Consolidated Statements of Operations for thethree and nine month periods ended July 3, 2016 and June 28, 2015, and as part of the Global Pet Supplies segment since the date of acquisition.

Refinancing Activity

There was no significant financing activity during the three and nine month periods ended July 3, 2016. See Note 9, “Debt” in the Notes to the Condensed Consolidated Financial Statements, included elsewhere within this Quarterly Report, for additional detail regarding debt. The following recent financing activity has a significant impact on the comparability of financial results on the condensed consolidated financial statements.

During the year ended September 30, 2015, we refinanced a portion of our debt to extend maturities and reduce borrowing costs. On May 20, 2015, in connection with the acquisition of AAG, we issued $1,000 million aggregate principal amount of 5.75% unsecured notes due July 15, 2025 (the “5.75% Notes”). On June 23, 2015, we entered into term loan facilities pursuant to a Senior Credit Agreement consisting of: (i) a $1,450 million USD Term Loan due June 23, 2022, (ii) a $75 million CAD Term Loan due June 23, 2022 and (iii) a €300 million Euro Term Loan due June 23, 2022, (collectively, “Term Loans”) and (iv) entered into a $500 million Revolver Facility due June 23, 2020. The proceeds from the Term Loans and draws on the Revolver Facility were used to repay our then-existing senior term credit facility, repay previously held 6.75% senior unsecured notes due 2020, repay and replace our then-existing asset based revolving loan facility and to pay fees and expenses in connection with the refinancing and for general corporate purposes.

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Consolidated Results of Operations

The following is summarized consolidated results of operations for Spectrum Brands Holdings, Inc. for the three and nine month periods ended July 3, 2016 and June 28, 2015 respectively:

	Three Month Period Ended							Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance			July 3, 2016		June 28, 2015		Variance
Net sales	$	1,361.5	$	1,247.5	$	114.0	9.1%	$	3,790.0	$	3,382.3	$	407.7	12.1%
Gross Profit		530.6		458.0		72.6	15.9%		1,434.1		1,202.9		231.2	19.2%
Operating expenses		323.9		322.3		1.6	0.5%		936.4		863.2		73.2	8.5%
Interest expense		59.9		112.9		(53.0)	(46.9%)		175.8		206.5		(30.7)	(14.9%)
Income tax expense (benefit)		42.5		(23.8)		66.3	(278.6%)		46.8		4.8		42.0	875.0%
Net income		102.1		44.9		57.2	127.4%		268.6		122.8		145.8	118.7%

Net Sales. Net sales for the three month period ended July 3, 2016increased $114.0 million, or 9.1%, compared to the three month period ended June 28, 2015. Organic net sales increased $45.7 million, or 3.7%, for the three months ended July 3, 2016. Net sales for the nine month period ended July 3, 2016increased $407.7 million, or 12.1%, compared to the nine month period ended June 28, 2015. Organic net sales increased $165.1 million, or 4.9% for the nine months ended July 3, 2016. Organic net sales excludes the impact of foreign currency translation and acquisitions, and is considered a non-GAAP measurement. See “Non-GAAP Measurements”  section included elsewhere in this Quarterly Report for reconciliation of Net Sales to Organic Net Sales. 

The following sets forth net sales by segment for the three and nine month periods ended July 3, 2016 and June 28, 2015:

	Three Month Period Ended							Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance			July 3, 2016		June 28, 2015		Variance
Consumer batteries	$	187.2	$	178.3	$	8.9	5.0%	$	618.0	$	600.3	$	17.7	2.9%
Small appliances		151.1		161.3		(10.2)	(6.3%)		479.3		536.7		(57.4)	(10.7%)
Personal care		115.8		119.4		(3.6)	(3.0%)		393.0		402.3		(9.3)	(2.3%)
Global Batteries & Appliances		454.1		459.0		(4.9)	(1.1%)		1,490.3		1,539.3		(49.0)	(3.2%)
Hardware & Home Improvement		328.5		313.5		15.0	4.8%		912.9		874.1		38.8	4.4%
Global Pet Supplies		207.1		208.3		(1.2)	(0.6%)		619.0		538.8		80.2	14.9%
Home & Garden		212.0		202.3		9.7	4.8%		414.7		365.7		49.0	13.4%
Global Auto Care		159.8		64.4		95.4	148.1%		353.1		64.4		288.7	448.3%
Net Sales	$	1,361.5	$	1,247.5		114.0	9.1%	$	3,790.0	$	3,382.3		407.7	12.1%

The following sets forth the principle components of change in net sales from the three and nine month periods ended June 28, 2015to the three and nine month periods ended July 3, 2016, respectively:

(in millions)	Three Month Period		Nine Month Period
Net Sales for the period ended June 28, 2015	$	1,247.5	$	3,382.3
Acquisition of Armored AutoGroup		84.1		277.3
Acquisition of European IAMS and Eukanuba		—		44.2
Acquisition of Salix		—		30.3
Increase in consumer batteries		12.8		55.9
Increase in home & garden		9.7		49.0
Increase in hardware & home improvement		18.3		52.2
Increase in global auto care		11.7		11.7
(Decrease) Increase in personal care		(0.5)		15.1
(Decrease) Increase in global pet supplies		(1.9)		11.4
(Decrease) in small appliances		(4.4)		(30.2)
Foreign currency impact, net		(15.8)		(109.2)
Net Sales for the period ended July 3, 2016	$	1,361.5	$	3,790.0

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Gross Profit. For the three month period ended July 3, 2016, gross profit increased $72.6 million compared to the three month period ended June 28, 2016, primarily attributable to an increase in net sales and increase in gross profit margin. Gross profit margin increased from 36.7% to 39.0% primarily due to higher profit margins contributed by the AAG acquisition, a shift towards higher margin sales and continuing cost improvements across segments. For the nine month period ended July 3, 2016, gross profit increased $231.2 million compared to the nine month period ended June 28, 2016, attributable to increase in net sales and increase in gross profit margin. Gross profit margin increased from 35.6% to 37.8% due to margins contributed by the AAG acquisition, a shift towards higher margin sales and continuing cost improvements across segments.

Operating Expenses. Operating expenses for the three month period ended July 3, 2016 increased $1.6 million compared to the three month period ended June 28, 2015, primarily attributable to an increase in selling and general and administrative expenses of $21.2 million from acquisitions previously discussed; offset by a  decrease in acquisition & integration related charges of $16.2 million from lower acquisition activity and decreased restructuring and related charges of $5.1 million. Operating expenses for the nine month period ended July 3, 2016 increased $73.2 million compared to the nine month period ended June 28, 2015, primarily attributable to increase in selling and general and administrative expenses of $94.3 million from acquisitions previously discussed and increased share based compensation of $11.1 million; offset by decreased acquisition & integration related charges of $13.0 million from lower acquisition activity, and decreased restructuring and related charges of $14.1 million. See Note 3 to the Condensed Consolidated Financial Statements, “Acquisitions”, included elsewhere within this quarterly report, for additional detail on acquisition activity and acquisition and integration costs; and Note 4 to the Condensed Consolidated Financial Statements, “Restructuring and Related Charges”, included elsewhere within this Quarterly Report, for additional detail on restructuring activity and related costs.

Interest Expense. Interest expense for the three month period ended July 3, 2016decreased $53.0 million, or 46.9%, from the three month period ended June 28, 2015, directly attributable to the refinancing activity previously discussed coupled with scheduled and discretionary payments on outstanding debt balances. Interest expense for the nine month period ended July 3, 2016decreased $30.7 million, or 14.9%, compared to nine month period ended June 28, 2015 directly attributable to the refinancing activity coupled with scheduled and discretionary payments on outstanding debt balances. See Note 9 to the Condensed Consolidated Financial Statements, “Debt”, included elsewhere within this Quarterly Report, for additional information regarding our outstanding debt.

Income Taxes. Our effective tax rate was 29.4% for the three month period ended July 3, 2016 compared to (112.8%) for the three month period ended June 28, 2015. Our effective tax rate was 14.8% for the nine month period ended July 3, 2016 compared to 3.8% for the nine month period ended June 28, 2015. Our estimated annual effective tax rate applied to these periods differs from the U.S. federal statutory rate of 35% primarily due to income earned outside the U.S. that is subject to statutory rates lower than 35% and the release of valuation allowances on U.S. net operating losses deferred tax assets offsetting tax expense on U.S. pretax income. For the three and nine month periods ended June 28, 2015, we also recorded U.S. deferred income tax expense related to the change in book versus tax basis of indefinite-lived intangibles, which are amortized for tax purposes but not for book purposes.

Our effective tax rate for the three month period ended July 3, 2016 includes a $25.5 million expense to record a tax contingency reserve for a tax exposure in Germany. During the quarter, a local court ruled against our characterization of certain assets as amortizable under Germany tax law. We have appealed this ruling to the German Federal Court. While we continue to believe that our tax treatment was correct under the applicable German law, we have concluded that sufficient uncertainty on the ruling from the German Federal Court exists to record a full tax contingency for this exposure.

Our effective tax rate for the three and nine month periods ended July 3, 2016 also includes $5.3 million and $22.7 million of tax benefits, respectively, resulting from the adoption of ASU 2016-09. See Note 2 to the Condensed Consolidated Financial Statements, “Significant Accounting Policies”, included elsewhere in this Quarterly Report, for additional discussion and detail over the adoption of ASU 2016-09. For the nine month period ended July 3, 2016, the effective tax rate was also reduced due to $5.9 million for non-recurring items related to the impact of tax law changes and changes in state deferred tax rates on the Company’s net deferred tax liabilities.

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Segment Financial Data

Global Batteries & Appliances

	Three Month Period Ended								Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance				July 3, 2016		June 28, 2015		Variance
Net Sales	$	454.1	$	459.0	$	(4.9)		(1.1%)	$	1,490.3	$	1,539.3	$	(49.0)		(3.2%)
Adjusted EBITDA		64.3		60.1		4.2		7.0%		228.1		229.2		(1.1)		(0.5%)
Adjusted EBITDA Margin		14.2%		13.1%		110	bps			15.3%		14.9%		40	bps

Net sales decreased $4.9 million, or 1.1% during the three month period ended July 3, 2016 compared to the three month period ended June 28, 2015. Organic net sales increased $7.9 million, or 1.7%. Net sales decreased $49.0 million, or 3.2%, during the nine month period ended July 3, 2016 compared to the nine month period ended June 28, 2015. Organic net sales increased $40.8 million, or 2.7%.

Consumer battery organic net sales increased $12.8 million, or 7.2%, for the three month period ended July 3, 2016 compared to the three month period ended June 28, 2015; primarily attributable to increases in North America of $5.0 million due to an increase in alkaline battery volumes from branded and private label product, increases in Europe of $6.5 million primarily from hearing aid and specialty batteries of $4.5 million due to increased volumes with existing customers coupled with an increase in alkaline battery sales of $2.5 million from promotional sales, increased e-commerce and new private label customers, and increases in Latin America of $1.2 million. Consumer battery organic net sales increased $55.9 million, or 9.3%, for the nine month period ended July 3, 2016 compared to the nine month period ended June 28, 2015; primarily attributable to increases in North America of $14.5 million due to an increase in alkaline volumes of branded product from holiday promotions, partially offset by reduced retail inventory levels of specialty batteries and lighting products; increases in Europe of $31.0 million from an increase in hearing aid and specialty batteries of $11.6 million due to an increase in volumes with existing and new customers, increase in alkaline sales of $16.6 million from an increase in volumes of branded product from holiday promotions and new private label customers; and increases in Latin America of $9.1 million attributable to an increase in volumes of alkaline and specialty batteries with existing customers coupled with regional pricing increases.

Small appliances organic net sales decreased $4.4 million, or 2.7%, for the three month period ended July 3, 2016compared to the three month period ended June 28, 2015; primarily attributable to decreases of organic net sales in North America of $5.8 million due to softer point of sale within the category and competitive pricing, partially offset by an increase in sales in other geographic regions. Small appliances organic net sales decreased $30.2 million for the nine month period ended July 3, 2016 compared to the nine month period ended June 28, 2015; primarily attributable to decreases in North America of $32.4 million from softer volumes within the category and competitive pricing, partially mitigated by increases in e-commerce channels; and offset by increases in Europe of $4.9 million from expanded product listings with current customers.

Personal care organic net sales decreased $0.5 million, or 0.4%,for the three month period ended July 3, 2016compared to the three month period ended June 28, 2015; primarily attributable to decreases in North America of $4.0 million for softer point of sales in category and reduction in retail inventory, offset by increases in Europe and Latin America from promotional sales and market expansion. Personal care organic net sales increased $15.1 million, or 3.8%, for the nine month period ended July 3, 2016 compared to the nine month period ended June 28, 2015; primarily attributable to increases in Europe of $10.2 million for increased promotional volumes and continued expansion in Eastern European markets; increases in Latin America of $6.3 million from promotional volumes and new product introductions; and increases in $4.0 million in Asia-Pacific markets; offset by decreases in North America of $5.4 million due to timing between periods and softer point of sales in category and reduction in retail inventory.

Adjusted EBITDA in the three month period ended July 3, 2016 increased $4.2 million and the Adjusted EBITDA margin improved 110 bps from the three month period ended June 28, 2015. Adjusted EBITDA increased primarily due to the increase in net sales discussed above, cost improvements and better product mix, offset by negative foreign currency impact of $16.2 million. The increase in Adjusted EBITDA margin is due to improved product mix and cost improvements. Adjusted EBITDA in the nine month period ended July 3, 2016 decreased $1.1 million and the Adjusted EBITDA margin improved by 40 bps as compared to the nine month period ended June 28, 2015. Adjusted EBITDA decreased primarily due to foreign currency translation losses of $63.2 million. Excluding the negative foreign currency impact, Adjusted EBITDA increased $62.1 million due to the increase in net sales discussed above, cost improvements and product mix. Adjusted EBITDA margin increased due to cost improvements and product mix. Adjusted EBITDA is a non-GAAP measurement (See Non-GAAP Measurements for reconciliation of Net Income to Adjusted EBITDA by segment).

33

Hardware & Home Improvement

	Three Month Period Ended								Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance				July 3, 2016		June 28, 2015		Variance
Net Sales	$	328.5	$	313.5	$	15.0		4.8%	$	912.9	$	874.1	$	38.8		4.4%
Adjusted EBITDA		65.2		62.6		2.6		4.2%		172.5		160.2		12.3		7.7%
Adjusted EBITDA Margin		19.8%		20.0%		(20)	bps			18.9%		18.3%		60	bps

Net sales increased $15.0 million, or 4.8%, for the three month period ended July 3, 2016 compared to the three month period ended June 28, 2015. Organic net sales increased $18.3 million or 5.8%, attributable to increases of security products of $11.1 million from an increase in point of sale and new products with key retail customers, increases in e-commerce, and market growth with non-retail customers; increases in hardware products of $3.3 million in North America from an increase in volumes at existing retail customers and market growth with non-retail customers that is offset by $1.2 million from the planned exit of unprofitable businesses in Asia-Pacific; and increases in plumbing products of $3.9 million from new product and promotional sales with key retail customers. Net sales increased $38.8 million, or 4.4%, for the nine month period ended July 3, 2016 compared to the nine month period ended June 28, 2015. Organic net sales increased $52.2 million, or 6.0%, primarily attributable to increases in security products of $38.3 million from an increase in volumes with existing retail relationships, e-commerce channel, and market growth with non-retail customers; and increases in plumbing products of $13.3 million due to new products and an increase in volumes with both retail and non-retail customers. Net sales were adversely impacted by $19.7 million for the expiration of a customer tolling agreement and planned exit of unprofitable businesses.

Adjusted EBITDA in the three month period ended July 3, 2016 increased $2.6 million while Adjusted EBITDA margin declined by 20 bps from the three month period ended June 28, 2015. Adjusted EBITDA increased primarily due to the increase in net sales discussed above. Adjusted EBITDA margin was negatively impacted from increased investment towards growth in emerging markets for electronics and e-commerce. Adjusted EBITDA in the nine month period ended July 3, 2016 increased $12.3 million compared to the nine month period ended June 28, 2015, and the Adjusted EBITDA margin improved by 60 bps. Adjusted EBITDA increased due to the increase in net sales discussed above. Adjusted EBITDA margin increased due to cost improvements offset by investment in emerging channels previously mentioned.

Global Pet Supplies

	Three Month Period Ended								Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance				July 3, 2016		June 28, 2015		Variance
Net Sales	$	207.1	$	208.3	$	(1.2)		(0.6%)	$	619.0	$	538.8	$	80.2		14.9%
Adjusted EBITDA		37.7		38.4		(0.7)		(1.8%)		98.3		82.4		15.9		19.3%
Adjusted EBITDA Margin		18.2%		18.4%		(20)	bps			15.9%		15.3%		60	bps

Net sales decreased $1.2 million, or 0.6%, for the three month period ended July 3, 2016compared to the three month period ended June 28, 2015. Organic net sales decreased $1.9 million or 0.9%, primarily due to decreases in aquatics sales of $1.2 million from the exiting of lower margin business and softness in volume in European markets; and decreases in companion animal sales of $0.7 million from increased competition and online pricing; partially offset through distribution gains with independent pet retailers. Net sales increased $80.2 million, or 14.9%, for the nine month period ended July 3, 2016, compared to the nine month period ended June 28, 2015, including $74.5 million of acquisition sales. Organic net sales increased $11.4 million, or 2.1%, primarily due to increases in aquatic sales of $3.4 million from timing of holiday shipments, partially offset with the exit of lower margin business; and increases in companion pet sales of $11.7 million from stronger rawhide and stain and odor product categories in North America, timing of holiday shipments, and distribution gains with independent pet retailers.

Adjusted EBITDA in the three month period ended July 3, 2016 decreased $0.7 million from the three month period ended June 28, 2015 primarily due to the decrease in net sales discussed above. Adjusted EBITDA margin was consistent to the prior period with a decrease of 20 bps. Adjusted EBITDA in the nine month period ended July 3, 2016 increased $15.9 million from the nine month period ended June 28, 2015 and the Adjusted EBITDA margin improved by 60 bps. The increase in Adjusted EBITDA was due to acquisition sales and enhanced product mix and pricing.  Increase in Adjusted EBITDA margin is due to enhanced product mix and pricing.

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Home and Garden

	Three Month Period Ended								Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance				July 3, 2016		June 28, 2015		Variance
Net Sales	$	212.0	$	202.3	$	9.7		4.8%	$	414.7	$	365.7	$	49.0		13.4%
Adjusted EBITDA		67.0		62.4		4.6		7.4%		118.3		100.0		18.3		18.3%
Adjusted EBITDA Margin		31.6%		30.8%		80	bps			28.5%		27.3%		120	bps

Net sales for the three month period ended July 3, 2016 increased $9.7 million, or 4.8%, compared to the three month period ended June 28, 2015. The increase is attributable to increases in repellent products of $6.8 million, lawn and garden control products of $2.0 million, and household insect control products of $0.9 million. The increase across all products is driven by distribution gains with key retailers and increased retail demand of repellent products in response to the Zika virus. Net sales for the nine month period ended July 3, 2016 increased $49.0 million, or 13.4%, compared to the nine month period ended June 28, 2015. The increase is attributable to increases in repellent products of $22.0 million, lawn and garden control products of $15.7 million and household insect control products of $11.3 million. The increases are driven by distribution gains with key retailers and increased retail demand of repellent products in response to the Zika virus; coupled with warmer weather extending the outdoor season and the timing of seasonal inventory sales to retailers earlier than the prior year.

Adjusted EBITDA in the three month period ended July 3, 2016 increased $4.6 million with an improvement in Adjusted EBITDA margin of 80 bps from the three month period ended June 28, 2015. Adjusted EBITDA increased primarily due to the increase in net sales discussed above. The increase in Adjusted EBITDA margin was due to improved product mix and cost improvements. Adjusted EBITDA in the nine month period ended July 3, 2016 increased $18.3 million with an improvement in Adjusted EBITDA margin of 120 bps as compared to the nine month period ended June 28, 2015. The increase in Adjusted EBITDA is primarily due to increases in net sales discussed above. Adjusted EBITDA margin increase is due to improved product mix, and cost improvements.

Global Auto Care

	Three Month Period Ended								Nine Month Period Ended
(in millions, except %)	July 3, 2016		June 28, 2015		Variance				July 3, 2016		June 28, 2015		Variance
Net Sales	$	159.8	$	64.4	$	95.4		148.1%	$	353.1	$	64.4	$	288.7		448.3%
Adjusted EBITDA		54.2		19.2		35.0		182.3%		122.0		19.2		102.8		535.4%
Adjusted EBITDA Margin		33.9%		29.8%		410	bps			34.6%		29.8%		480	bps

Net sales for the three month period ended July 3, 2016 increased $95.4 million, which includes acquisition sales of $84.1 million, compared to the three month period ended June 28, 2015. Net sales for the nine month period ended July 3, 2016 increased $288.7 million, including $277.3 million of acquisition sales, compared to the nine month period ended June 28, 2015. For the period of May 21, 2016 through July 3, 2016, organic net sales increased $11.7 million, or 18.2%, compared to the period of May 21, 2015 through June 28, 2015, primarily driven by increased sales from A/C recharge products due to the warmer weather and the introduction of private label products with a key significant customer.

Adjusted EBITDA for the three month period ended July 3, 2016 increased $35.0 million compared to the three month period ended June 28, 2015, primarily driven by increased net sales discussed above with reduced operating expense due to cost improvements. Increase in Adjusted EBITDA margin of 410 bps is due to cost improvement and post-integration synergies. Adjusted EBITDA for the nine month period ended July 3, 2016 increased $102.8 million compared to the nine month period ended June 28, 2015 from the increase in net sales discussed above and reduction in operating expenses previously discussed. Increase in Adjusted EBITDA margin of 480 bps is due to cost improvement and post-integration synergies.

35

Non-GAAP Measurements

Adjusted EBITDA. Our consolidated and segment results include financial information regarding Adjusted EBITDA (“Earnings Before Interest, Taxes, Depreciation, Amortization”), which are non-GAAP earnings. Adjusted EBITDA is a metric used by management and we believe this non-GAAP measure provides useful information to investors because it reflects ongoing operating performance and trends of our segments, excluding certain non-cash based expenses and/or non-recurring items during each of the comparable periods and facilitates comparisons between peer companies since interest, taxes, depreciation and amortization can differ greatly between organizations as a result of differing capital structures and tax strategies. Further, Adjusted EBITDA is a useful measure of a company’s ability to service debt and is one measure used for determining the Company’s debt covenant. 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 further excludes: (1) stock based compensation expense as it is a non-cash based compensation cost; (2) acquisition and integration costs that consist of transaction costs from acquisition transactions during the period or subsequent integration related project costs directly associated with the acquired business; (3) restructuring and related costs, which consist of project costs associated with restructuring initiatives across the segments; (4) non-cash purchase accounting inventory adjustments recognized in earnings subsequent to an acquisition; (5) non-cash asset impairments or write-offs realized; (6) and other. During the nine month period ended July 3, 2016, other adjustments consisted of costs associated with the onboarding a key executive and the involuntary transfer of inventory.  During the three and nine month periods ended June 28, 2015, other consisted of costs associated with the exiting of a key executive, coupled with onboarding a key executive.

36

The following is a reconciliation of net income to Adjusted EBITDA for the three and nine month periods ended July 3, 2016 and June 28, 2015, respectively for SBH:

	Global		Hardware &						Global		Corporate /
	Batteries &		Home		Global Pet		Home and		Auto		Unallocated
SPECTRUM BRANDS HOLDINGS, INC. (in millions)	Appliances		Improvement		Supplies		Garden		Care		Items		Consolidated
Three Month Period Ended July 3, 2016
Net income (loss)	$	44.8	$	52.2	$	25.5	$	63.1	$	44.1	$	(127.6)	$	102.1
Income tax expense		—		—		—		—		—		42.5		42.5
Interest expense		—		—		—		—		—		59.9		59.9
Depreciation and amortization		18.2		8.8		10.6		3.9		3.8		—		45.3
EBITDA		63.0		61.0		36.1		67.0		47.9		(25.2)		249.8
Share based compensation		—		—		—		—		—		15.9		15.9
Acquisition and integration related charges		0.6		4.0		0.6		—		2.7		0.1		8.0
Restructuring and related charges		0.7		0.2		1.0		—		3.6		—		5.5
Adjusted EBITDA	$	64.3	$	65.2	$	37.7	$	67.0	$	54.2	$	(9.2)	$	279.2
Three Month Period Ended June 28, 2015
Net income (loss)	$	40.6	$	44.6	$	20.2	$	59.9	$	12.2	$	(132.6)	$	44.9
Income tax expense		—		—		—		—		—		(23.8)		(23.8)
Interest expense		—		—		—		—		—		112.9		112.9
Depreciation and amortization		17.6		9.9		11.3		3.2		1.8		—		43.8
EBITDA		58.2		54.5		31.5		63.1		14.0		(43.5)		177.8
Share based compensation		—		—		—		—		—		16.9		16.9
Acquisition and integration related charges		0.9		1.8		3.8		(0.8)		0.5		18.0		24.2
Restructuring and related charges		1.0		6.3		3.1		0.1		—		—		10.5
Purchase accounting inventory adjustment		—		—		—		—		4.7		—		4.7
Other		—		—		—		—		—		2.1		2.1
Adjusted EBITDA	$	60.1	$	62.6	$	38.4	$	62.4	$	19.2	$	(6.5)	$	236.2

	Global		Hardware &						Global		Corporate /
	Batteries &		Home		Global Pet		Home and		Auto		Unallocated
SPECTRUM BRANDS HOLDINGS, INC. (in millions)	Appliances		Improvement		Supplies		Garden		Care		Items		Consolidated
Nine Month Period Ended July 3, 2016
Net income (loss)	$	171.7	$	133.4	$	59.8	$	106.1	$	92.0	$	(294.4)	$	268.6
Income tax expense		—		—		—		—		—		46.8		46.8
Interest expense		—		—		—		—		—		175.8		175.8
Depreciation and amortization		53.0		26.8		32.0		11.3		13.6		—		136.7
EBITDA		224.7		160.2		91.8		117.4		105.6		(71.8)		627.9
Share based compensation		—		—		—		—		—		47.4		47.4
Acquisition and integration related charges		1.6		11.9		3.9		0.5		12.8		0.5		31.2
Restructuring and related charges		1.2		0.4		2.6		0.4		3.6		—		8.2
Other		0.6		—		—		—		—		0.6		1.2
Adjusted EBITDA	$	228.1	$	172.5	$	98.3	$	118.3	$	122.0	$	(23.3)	$	715.9
Nine Month Period Ended June 28, 2015
Net income (loss)	$	166.8	$	115.5	$	35.6	$	88.7	$	12.2	$	(296.0)	$	122.8
Income tax expense		—		—		—		—		—		4.8		4.8
Interest expense		—		—		—		—		—		206.5		206.5
Depreciation and amortization		52.5		29.8		28.9		9.7		1.8		—		122.7
EBITDA		219.3		145.3		64.5		98.4		14.0		(84.7)		456.8
Share based compensation		—		—		—		—		—		36.3		36.3
Acquisition and integration related charges		3.5		6.3		8.2		1.3		0.5		24.4		44.2
Restructuring and related charges		6.4		7.8		7.5		0.3		—		0.3		22.3
Purchase accounting inventory adjustment		—		0.8		2.2		—		4.7		—		7.7
Other		—		—		—		—		—		3.9		3.9
Adjusted EBITDA	$	229.2	$	160.2	$	82.4	$	100.0	$	19.2	$	(19.8)	$	571.2

37

The following is a reconciliation of net income to Adjusted EBITDA for the three and nine month periods ended July 3, 2016 and June 28, 2015 for SB/RH:

	Global		Hardware &						Global		Corporate /
	Batteries &		Home		Global Pet		Home and		Auto		Unallocated
SB/RH HOLDINGS, LLC (in millions)	Appliances		Improvement		Supplies		Garden		Care		Items		Consolidated
Three Month Period Ended July 3, 2016
Net income (loss)	$	44.8	$	52.2	$	25.5	$	63.1	$	44.1	$	(124.5)	$	105.2
Income tax expense		—		—		—		—		—		40.8		40.8
Interest expense		—		—		—		—		—		59.9		59.9
Depreciation and amortization		18.2		8.8		10.6		3.9		3.8		—		45.3
EBITDA		63.0		61.0		36.1		67.0		47.9		(23.8)		251.2
Share based compensation		—		—		—		—		—		14.6		14.6
Acquisition and integration related charges		0.6		4.0		0.6		—		2.7		0.1		8.0
Restructuring and related charges		0.7		0.2		1.0		—		3.6		—		5.5
Adjusted EBITDA	$	64.3	$	65.2	$	37.7	$	67.0	$	54.2	$	(9.1)	$	279.3
Three Month Period Ended June 28, 2015
Net income (loss)	$	40.6	$	44.6	$	20.2	$	59.9	$	12.2	$	(130.9)	$	46.6
Income tax expense		—		—		—		—		—		(23.8)		(23.8)
Interest expense		—		—		—		—		—		112.9		112.9
Depreciation and amortization		17.6		9.9		11.3		3.2		1.8		—		43.8
EBITDA		58.2		54.5		31.5		63.1		14.0		(41.8)		179.5
Share based compensation		—		—		—		—		—		15.2		15.2
Acquisition and integration related charges		0.9		1.8		3.8		(0.8)		0.5		18.0		24.2
Restructuring and related charges		1.0		6.3		3.1		0.1		—		—		10.5
Purchase accounting inventory adjustment		—		—		—		—		4.7		—		4.7
Other		—		—		—		—		—		2.1		2.1
Adjusted EBITDA	$	60.1	$	62.6	$	38.4	$	62.4	$	19.2	$	(6.5)	$	236.2

	Global		Hardware &						Global		Corporate /
	Batteries &		Home		Global Pet		Home and		Auto		Unallocated
SB/RH HOLDINGS, LLC (in millions)	Appliances		Improvement		Supplies		Garden		Care		Items		Consolidated
Nine Month Period Ended July 3, 2016
Net income (loss)	$	171.7	$	133.4	$	59.8	$	106.1	$	92.0	$	(299.7)	$	263.3
Income tax expense		—		—		—		—		—		56.6		56.6
Interest expense		—		—		—		—		—		175.8		175.8
Depreciation and amortization		53.0		26.8		32.0		11.3		13.6		—		136.7
EBITDA		224.7		160.2		91.8		117.4		105.6		(67.3)		632.4
Share based compensation		—		—		—		—		—		43.4		43.4
Acquisition and integration related charges		1.6		11.9		3.9		0.5		12.8		0.5		31.2
Restructuring and related charges		1.2		0.4		2.6		0.4		3.6		—		8.2
Other		0.6		—		—		—		—		0.5		1.1
Adjusted EBITDA	$	228.1	$	172.5	$	98.3	$	118.3	$	122.0	$	(22.9)	$	716.3
Nine Month Period Ended June 28, 2015
Net income (loss)	$	166.8	$	115.5	$	35.6	$	88.7	$	12.2	$	(291.6)	$	127.2
Income tax expense		—		—		—		—		—		4.8		4.8
Interest expense		—		—		—		—		—		206.5		206.5
Depreciation and amortization		52.5		29.8		28.9		9.7		1.8		—		122.7
EBITDA		219.3		145.3		64.5		98.4		14.0		(80.3)		461.2
Share based compensation		—		—		—		—		—		32.2		32.2
Acquisition and integration related charges		3.5		6.3		8.2		1.3		0.5		24.4		44.2
Restructuring and related charges		6.4		7.8		7.5		0.3		—		0.3		22.3
Purchase accounting inventory adjustment		—		0.8		2.2		—		4.7		—		7.7
Other		—		—		—		—		—		3.9		3.9
Adjusted EBITDA	$	229.2	$	160.2	$	82.4	$	100.0	$	19.2	$	(19.5)	$	571.5

38

Organic Sales.Our consolidated and segment results contain financial information regarding organic net sales, which we define as net sales excluding the effect of changes in foreign currency exchange rates and impact from acquisitions. We believe this non-GAAP measure provides useful information to investors because it reflects regional and operating segment performance from our activities without the effect of changes in currency exchange rate and/or acquisitions. We use organic net sales as one measure to monitor and evaluate our regional and segment performance. Organic growth is calculated by comparing organic net sales to net sales in the prior year. The effect of changes in currency exchange rates is determined by translating the period’s net sales using the currency exchange rates that were in effect during the prior comparative period. Net sales are attributed to the geographic regions based on the country of destination. We exclude net sales from acquired businesses in the current year for which there are no comparable sales in the prior period. The following is a reconciliation of reported sales to organic sales for the three and nine month periods ended July 3, 2016 compared to net sales for the three and nine month periods ended June 28, 2015, respectively:

	July 3, 2016
Three Month Period Ended (in millions, except %)	Net Sales		Effect of Changes in Currency		Net Sales Excluding Effect of Changes in Currency		Effect of Acquisitions		Organic Net Sales		Net Sales June 28, 2015		Variance
Consumer batteries	$	187.2	$	3.9	$	191.1	$	—	$	191.1	$	178.3	$	12.8	7.2%
Small appliances		151.1		5.8		156.9		—		156.9		161.3		(4.4)	(2.7%)
Personal care		115.8		3.1		118.9		—		118.9		119.4		(0.5)	(0.4%)
Global Batteries & Appliances		454.1		12.8		466.9		—		466.9		459.0		7.9	1.7%
Hardware & Home Improvement		328.5		3.3		331.8		—		331.8		313.5		18.3	5.8%
Global Pet Supplies		207.1		(0.7)		206.4		—		206.4		208.3		(1.9)	(0.9%)
Home and Garden		212.0		—		212.0		—		212.0		202.3		9.7	4.8%
Global Auto Care		159.8		0.4		160.2		(84.1)		76.1		64.4		11.7	18.2%
Total	$	1,361.5	$	15.8	$	1,377.3	$	(84.1)	$	1,293.2	$	1,247.5		45.7	3.7%
	July 3, 2016
Nine Month Period Ended (in millions, except %)	Net Sales		Effect of Changes in Currency		Net Sales Excluding Effect of Changes in Currency		Effect of Acquisitions		Organic Net Sales		Net Sales June 28, 2015		Variance
Consumer batteries	$	618.0	$	38.2	$	656.2	$	—	$	656.2	$	600.3	$	55.9	9.3%
Small appliances		479.3		27.2		506.5		—		506.5		536.7		(30.2)	(5.6%)
Personal care		393.0		24.4		417.4		—		417.4		402.3		15.1	3.8%
Global Batteries & Appliances		1,490.3		89.8		1,580.1		—		1,580.1		1,539.3		40.8	2.7%
Hardware & Home Improvement		912.9		13.4		926.3		—		926.3		874.1		52.2	6.0%
Global Pet Supplies		619.0		5.7		624.7		(74.5)		550.2		538.8		11.4	2.1%
Home and Garden		414.7		—		414.7		—		414.7		365.7		49.0	13.4%
Global Auto Care		353.1		0.3		353.4		(277.3)		76.1		64.4		11.7	18.2%
Total	$	3,790.0	$	109.2	$	3,899.2	$	(351.8)	$	3,547.4	$	3,382.3		165.1	4.9%

39

Liquidity and Capital Resources

Operating Activities

The following is a summary of the Company’s cash flows for the nine month periods ended July 3, 2016 and June 28, 2015:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Net cash provided (used) by operating activities	$	117.9	$	(159.2)	$	104.7	$	(163.6)
Net cash used by investing activities	$	(60.7)	$	(1,242.3)	$	(60.7)	$	(1,242.3)
Net cash (used) provided by financing activities	$	(186.4)	$	1,327.1	$	(173.3)	$	1,333.2
Effect of exchange rate changes on cash and cash equivalents	$	(1.7)	$	(13.0)	$	(1.7)	$	(13.0)

Spectrum Brands Holdings, Inc.

Net cash provided (used) by operating activities

The $277.1 million increase in cash provided(used) by operating activities for the nine month period ended July 3, 2016 was primarily due to: (i) cash generated from higher Adjusted EBITDA of $144.7 million, (ii) an decrease in cash paid for restructuring and related charges of $5.2 million, (iii) an decrease in cash paid for interest of $49.5 million, (iv) an decrease in cash paid for income taxes of $9.3 million; (v) $85.0 million decrease in the use of cash for working capital driven by lower inventory and receivables; offset by an increase in cash paid for acquisition and integration costs of $16.6 million.

Net cash used by investing activities

The $1,181.6 million decrease in cash used by investing activities during the nine month period ended July 3, 2016 was primarily attributable to the cash used for acquisitions of $1,193.2 million, net of cash acquired during the nine months ended June 28, 2015 for the Tell, Salix, European IAMs and Eukanuba and AAG acquisitions; and an increase in purchases of property, plant and equipment of $10.1 million due to acquired businesses.

Net cash (used) provided by financing activities

Net cash used by financing activities of $186.4 million for the nine month period ended July 3, 2016 consisted of (i) $198.5 million net proceeds from the Revolver Facility and $5.4 million from other debt financing; (ii) $270.2 million of payments on debt, including discretionary payments on term loans of $250.7 million; (iii) payment of debt issuance costs of $1.6 million; (iv) cash dividends of $64.6 million; (v) treasury stock purchases of $40.2 million (vi) payment on contingent consideration associated with previous acquisitions of $3.2 million; and (vii) a use to pay share-based tax withholdings of employees for vested stock awards of $10.5 million, net of proceeds upon vesting.

Net cash provided by financing activities of $1,327.1 million for the nine month period ended June 28, 2015 consisted of (i) proceeds related to the issuance of debt of $1,444.8 USD Term Loan, $60.9 million CAD Term Loan, $340.2 million Euro Term Loan, $250.0 million of 6.375% unsecured notes, $1,000 million of 5.75% unsecured notes, $185.4 million of Euro Term Loan Tranche B, and $47.5 million of other debt financing ; (ii) $2,465.9 million of payments on debt; (iii) payment of debt issuance costs of $37.3 million; (iv) net proceeds from the issuance of common stock of $562.8 million; (v) treasury stock purchases of $8.4 million (vi) cash dividends of $51.0 million; and (vii) a use to pay share-based tax withholdings of employees for vested stock awards of $1.9 million, net of proceeds upon vesting.

SB/RH Holdings, LLC

Net cash used by operating activities

The $268.3 million decrease in cash provided (used) by operating activities from SB/RH Holdings, LLC for the nine month period ended July 3, 2016, was primarily attributable to the Spectrum Brands Holdings, Inc. factors discussed above.

Net cash used by investing activities

The $1,181.6 million decrease in cash used by investing activities from SB/RH Holdings, LLC for the nine month period ended July 3, 2016, was primarily attributable to the Spectrum Brands Holdings, Inc. factors discussed above.

40

Net cash provided by financing activities

Net cash used by financing activities of $173.3 million for the nine month period ended July 3, 2016 consisted of (i) $198.5 million net proceeds from the Revolver Facility and $5.4 million from other debt financing; (ii) $13.9 million net proceeds from an intercompany loan; (iii) $311.7 million of payments on debt; (iv) payment of debt issuance costs of $1.6 million; (v) cash dividends to parent of $74.6 million and (vi) payment of contingent consideration associated with acquisitions in prior periods of $3.2 million.

Net cash provided by financing activities of $1,333.2 million for the nine month period ended June 28, 2015 consisted of (i) proceeds related to the issuance of debt of $1,444.8 USD Term Loan, $60.9 million CAD Term Loan, $340.2 million Euro Term Loan, $250.0 million of 6.375% unsecured notes, $1,000 million of 5.75% unsecured notes, $185.4 million of Euro Term Loan Tranche B, and $47.5 million of other debt financing; (ii) $38.9 net proceeds from an intercompany loan; (iii) $2,472.6 million of payments on debt; (vi) payment of debt issuance costs of $37.3 million; (v) capital contributions of $528.3 million from parent; (vi) cash dividends to parent of $51.0 million; and (vii) a use to pay share-based tax withholdings of employees for vested stock awards of $1.9 million, net of proceeds upon vesting.

Capital Expenditures

Capital expenditures for the Company totaled $59.6 million and $49.5 million for the nine month periods ended July 3, 2016, and June 28, 2015, respectively. We expect to make investments in capital projects similar to historical levels, as well as incremental investments in high return innovation and cost reduction projects slightly above historical levels.

Depreciation and Amortization

Depreciation and amortization for the Company totaled $136.7 million and $122.7 million for the nine months ended July 3, 2016, and June 28, 2015, respectively. The increase in depreciation and amortization of $14.0 million for the nine month period ended July 3, 2016 was due to the recognition of property, plant and equipment and definite lived intangible assets from the AAG, European IAMS and Eukanuba, and Salix acquisitions during the fiscal year ended September 30, 2015.

Indebtedness

Refer to Note 9 to the Condensed Consolidated Financial Statements, “Debt”, included elsewhere in this Quarterly Report for additional information. At July 3, 2016, we were in compliance with all covenants under the Senior Credit Agreement, the indenture governing both the 6.375% Notes and the 6.625% Notes, the indenture governing the 6.125% Notes, and the indenture governing the 5.75% Notes.

Credit Ratings

The Company’s access to the capital markets and financing costs may depend on the credit ratings of the Company when it is accessing the capital markets. None of the Company’s current borrowings are subject to default or acceleration as a result of a downgrading of credit ratings, although a downgrade of the Company’s credit ratings could increase fees and interest charges on future borrowings.

Equity

During the nine month period ended July 3, 2016, SBH granted 0.6 million restricted stock units to our employees and our directors. All vesting dates are subject to the recipient’s continued employment, except as otherwise permitted by our Compensation Committee or Board of Directors or in certain cases if the employee is terminated without cause or as otherwise provided in an applicable employment agreement. The total market value of the RSUs on the date of grant was $55.7 million, which represented unearned share based compensation. Such unearned compensation is amortized to expense over the appropriate vesting period. See Note 13, “Share Based Compensation” of Notes to Condensed Consolidated Financial Statements included elsewhere in this Quarterly Report for additional information.

From time to time we may repurchase outstanding shares of SBH common stock in the open market or otherwise. On July 28, 2015, the Board of Directors approved a $300 million common stock repurchase program. The authorization is effective for 36 months. During the nine month period ended July 3, 2016, SBH repurchased 0.4 million shares.

41

Liquidity Outlook

The Company’s ability to make principal and interest payment on borrowings under its U.S. and foreign credit facilities and its ability to fund planned capital expenditures will depend on its ability to generate cash in the future, which, to a certain extent, is subject to general economic, financial, competitive, regulatory and other conditions. Based on its current level of operations, the Company believes that its existing cash balances and expected cash flows from operations will be sufficient to meet its operating requirements for at least the next 12 months. However, the Company may request borrowings under its credit facilities and seek alternative forms of financing or additional investments to achieve its longer-term strategic plans.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Policies and Estimates

Our Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q have been prepared in accordance with generally accepted accounting principles in the United States of America and fairly present our financial position and results of operations. There have been no material changes to our critical accounting policies or critical accounting estimates as discussed in our Annual Report on Form 10-K for the year ended September 30, 2015.

New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This ASU requires revenue recognition to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new revenue recognition model requires identifying the contract and performance obligations, determining the transaction price, allocating the transaction price to performance obligations and recognizing the revenue upon satisfaction of performance obligations. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgements, and assets recognized from costs incurred to obtain or fulfill a contract. This ASU can be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the updates recognized at the date of the initial application along with additional disclosures. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) Deferral of the Effective Date, which amends the previously issued ASU to provide for a one year deferral from the original effective date. As a result, the ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2019, with early application available to us beginning in the first quarter of our fiscal year ending September 30, 2018. We are currently assessing the impact this pronouncement will have on the consolidated financial statements of the Company.

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which supersedes the lease requirements in ASC 840, Leases. This ASU requires lessees to recognize lease assets and liabilities on the balance sheet, as well as disclosing key information about leasing arrangements. Although the new ASU requires both operating and finance leases to be disclosed on the balance sheet, a distinction between the two types still exists as the economics of leases can vary. The ASU can be applied using a modified retrospective approach, with a number of optional practical expedients relating to the identification and classification of leases that commenced before the effective date, along with the ability to use hindsight in the evaluation of lease decisions, that entities may elect to apply. As a result, the ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2020, with early adoption applicable. We are currently assessing the impact this pronouncement will have on the consolidated financial statements of the Company.

42

Item 3.    Quantitative and Qualitative Disclosures About Market Risk

Market Risk Factors

There has been no material changes in the Company’s market risk during the nine month period ended July 3, 2016. The announcement of the Referendum of the United Kingdom’s (“UK”) Membership of the European Union (“EU”) on June 23, 2016 (referred to as “Brexit”), advising for the exit of the UK from the EU, adversely impacted global markets and foreign currencies. In particular, the value of the Pound Sterling has sharply declined as compared to the US Dollar and other currencies. The market changes in foreign currency as a result of the Brexit vote did not have a material impact on or foreign currency risk for the period and no changes were made to our ongoing hedging strategies used to manage such risk.

For additional information, refer to Note 9 “Debt”, and Note 10 “Derivatives”, to the Condensed Consolidated Financial Statements included elsewhere in the Quarterly Report and to Part II, Item 7A of the Company’s Annual Report on Form 10-K for the year ended September 30, 2015.

Item 4.    Controls and Procedures

Spectrum Brands Holdings, Inc.

Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) pursuant to Rule 13a-15(b) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, the Company’s management, including our Chief Executive Officer and Chief Financial Officer have concluded that, as of such date, our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable SEC rules and forms, and is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting. There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended) that occurred during the three month period ended July 3, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the Effectiveness of Controls. The Company’s management, including our Chief Executive Officer and Chief Financial Officer, does not expect that the Company’s disclosure controls and procedures or the Company’s internal controls over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.

43

SB/RH Holdings, LLC

Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) pursuant to Rule 15d-15(b) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, the Company’s management, including our Chief Executive Officer and Chief Financial Officer have concluded that, as of such date, our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable SEC rules and forms, and is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting. There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended) that occurred during the three month period ended July 3, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the Effectiveness of Controls. SB/RH Holdings’ management, including our Chief Executive Officer and Chief Financial Officer, does not expect that the SB/RH Holdings’ disclosure controls and procedures or SB/RH Holdings’ internal controls over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within SB/RH Holdings have been detected.

PART II. OTHER INFORMATION

Item 1.    Legal Proceedings

Litigation

We are a defendant in various matters of litigation generally arising out of the ordinary course of business. We do not believe that any matters or proceedings presently pending will have a material adverse effect on our results of operations, financial condition, liquidity or cash flows.

Item 1A.   Risk Factors

Information about our risk factors is contained in Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2015. With the exception of additional risk factors discussed below, we believe that at July 3, 2016, there have been no material changes in our risk factors from those contained in Item 1A of our Annual Report on Form 10-K.

Risk Relating to the Referendum of the United Kingdom’s Membership of the European Union.

The announcement of the Referendum of the United Kingdom’s (“UK”) Membership of the European Union (“EU”) on June 23, 2016 (referred to as “Brexit”), advising for the exit of the UK from the EU, has adversely impacted global markets and foreign currencies. In particular, the value of the Pound Sterling has sharply declined as compared to the US Dollar and other currencies. This volatility in foreign currencies is expected to continue as the UK negotiates and executes its exit from the EU, but it is uncertain over what time period this will occur. A significantly weaker Pound Sterling compared to the US Dollar could have a significant negative effect on the Company’s business, financial condition and results of operations. The decrease in value to the Pound Sterling and impacts across global markets and foreign currencies may influence trends in consumer confidence and discretionary spending habits, but given the lack of precedent and uncertainty, it is unclear how the implications will affect us.

For now, the UK remains a member of the EU and there will not be any immediate change in either EU or UK law as a consequence of the “leave” vote. Negotiations will commence to determine the future terms of the UK relationship with the EU, including the terms of trade between the UK and the EU. The effects of Brexit will depend on any agreements the UK makes to retain access to EU markets either during a transitional period or more permanently. Brexit could lead to legal uncertainty and potentially divergent national laws and regulations as the UK determines which EU laws to replace or replicate. Any of these effects of Brexit and others we cannot anticipate, could adversely affect our business, business opportunities, results of operations, financial condition and cash flows.

44

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

During thenine month period ended July 3, 2016, we did not sell any equity securities that were not registered under the Securities Act. On July 28, 2015, the Board of Directors approved a $300 million common stock repurchase program. The authorization is effective for 36 months. The following table reflects all shares repurchased inclusive of the common stock repurchase program discussed above.

	Total Number	Average		Total Number	Approximate Dollar Value
	of Shares	Price Paid		of Shares Purchased	of Shares that may
	Purchased	Per Share		as Part of Plan	Yet Be Purchased
As of September 30, 2015	130,000	$	98.18	130,000	287,236,600
October 1 to October 31, 2015	235,900		93.88	235,900	265,091,371
November 1 to November 30, 2015	192,800		93.89	192,800	246,989,425
December 1, 2015 to January 3, 2016	—		—	—	246,989,425
As of January 3, 2016	558,700	$	94.88	558,700	246,989,425
January 4 to January 31, 2016	—		—	—	246,989,425
February 1 to February 28, 2016	—		—	—	246,989,425
February 29 to April 3, 2016	—		—	—	246,989,425
As of April 3, 2016	558,700	$	94.88	558,700	246,989,425
April 4, 2016 to May 1, 2016	—		—	—	246,989,425
May 2, 2016 to May 29, 2016	—		—	—	246,989,425
May 30, 2016 to July 3, 2016	—		—	—	246,989,425
as of July 3, 2016	558,700	$	94.88	558,700	246,989,425

Item 6.    Exhibits

Please refer to the Exhibit Index.

45

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: August 3, 2016
	SPECTRUM BRANDS HOLDINGS, INC.
	By:	/s/ Douglas L. Martin
		Douglas L. Martin
		Executive Vice President and Chief Financial Officer
		(Principal Financial Officer)

46

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: August 3, 2016
	SB/RH HOLDINGS, LLC
	By:	/s/ Douglas L. Martin
		Douglas L. Martin
		Executive Vice President and Chief Financial Officer
		(Principal Financial Officer)

47

EXHIBIT INDEX

Exhibit 31.1	Certification of Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. – Spectrum Brands Holdings, Inc.*
Exhibit 31.2	Certification of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 the Sarbanes-Oxley Act of 2002. – Spectrum Brands Holdings, Inc.*
Exhibit 31.3	Certification of Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. – SB/RH Holdings, LLC.*
Exhibit 31.4	Certification of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 the Sarbanes-Oxley Act of 2002. – SB/RH Holdings, LLC.*
Exhibit 32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. – Spectrum Brands Holdings, Inc.*
Exhibit 32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. – Spectrum Brands Holdings, Inc.*
Exhibit 32.3	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. – SB/RH Holdings, LLC.*
Exhibit 32.4	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. – SB/RH Holdings, LLC.*
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**
*	Filed herewith
**	In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall be deemed to be “furnished” and not “filed.”

48

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Andreas R. Rouvé, Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Spectrum Brands Holdings, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal   control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2016

/s/ Andreas R. Rouvé

Andreas R. Rouvé

Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Douglas L. Martin, Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Spectrum Brands Holdings, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal   control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2016

/s/ Douglas L. Martin

Douglas L. Martin

Chief Financial Officer

EX-31.3

Exhibit 31.3

CERTIFICATIONS

I, Andreas R. Rouvé, Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of SB/RH Holdings, LLC (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal   control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2016

/s/ Andreas R. Rouvé

Andreas R. Rouvé

Chief Executive Officer

EX-31.4

Exhibit 31.4

CERTIFICATIONS

I, Douglas L. Martin, Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of SB/RH Holdings, LLC (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal   control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2016

/s/ Douglas L. Martin

Douglas L. Martin

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Spectrum Brands Holdings, Inc. (the “Company”) for the quarterly period ended July 3, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Andreas R. Rouvé, as Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Andreas R. Rouvé
Name:	Andreas R. Rouvé
Title:	Chief Executive Officer
Date:	August 3, 2016

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Spectrum Brands Holdings, Inc. (the “Company”) for the quarterly period ended July 3, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Douglas L. Martin, as Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Douglas L. Martin
Name:	Douglas L. Martin
Title:	Chief Financial Officer
Date:	August 3, 2016

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.3

Exhibit 32.3

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of SB/RH Holdings, LLC (the “Company”) for the quarterly period ended July 3, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Andreas R. Rouvé, as Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Andreas R. Rouvé
Name:	Andreas R. Rouvé
Title:	Chief Executive Officer
Date:	August 3, 2016

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.4

Exhibit 32.4

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of SB/RH Holdings, LLC (the “Company”) for the quarterly period ended July 3, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Douglas L. Martin, as Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Douglas L. Martin
Name:	Douglas L. Martin
Title:	Chief Financial Officer
Date:	August 3, 2016

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document And Entity Information - shares	9 Months Ended
	Jul. 03, 2016	Aug. 01, 2016
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 03, 2016
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2016
Entity Registrant Name	Spectrum Brands Holdings, Inc.
Entity Central Index Key	0001487730
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		59,404,604
SB/RH Holdings, LLC [Member]
Entity Registrant Name	SB/RH Holdings, LLC
Entity Central Index Key	0001592706
Entity Filer Category	Non-accelerated Filer

XML

Condensed Consolidated Statements Of Financial Position - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 117.0	$ 247.9
Trade receivables, net	588.9	498.8
Other receivables	61.2	87.9
Inventories	842.3	780.8
Prepaid expenses and other current assets	82.2	72.1
Total current assets	1,691.6	1,687.5
Property, plant and equipment, net	523.2	507.1
Deferred charges and other	41.2	42.2
Goodwill	2,479.7	2,476.7
Intangible assets, net	2,399.6	2,480.3
Total assets	7,135.3	7,193.8
Current liabilities:
Current portion of long-term debt	35.3	33.8
Accounts payable	473.5	620.6
Accrued wages and salaries	94.5	96.5
Accrued interest	42.0	63.3
Other current liabilities	187.8	212.7
Total current liabilities	833.1	1,026.9
Long-term debt, net current portion	3,840.2	3,872.1
Deferred income taxes	552.4	572.5
Other long-term liabilities	105.8	115.5
Total liabilities	5,331.5	5,587.0
Commitments and contingencies
Shareholders' equity:
Common stock	0.6	0.6
Additional paid-in capital	2,063.2	2,033.6
Accumulated earnings (deficit)	(2.6)	(205.5)
Accumulated other comprehensive loss, net of tax	(195.5)	(200.1)
Treasury stock, at cost	(105.8)	(65.5)
Total shareholder's equity	1,759.9	1,563.1
Noncontrolling interest	43.9	43.7
Total equity	1,803.8	1,606.8
Total liabilities and equity	7,135.3	7,193.8
SB/RH Holdings, LLC [Member]
Current assets:
Cash and cash equivalents	116.9	247.9
Trade receivables, net	588.9	498.8
Other receivables	61.2	87.9
Inventories	842.3	780.8
Prepaid expenses and other current assets	82.2	72.1
Total current assets	1,691.5	1,687.5
Property, plant and equipment, net	523.2	507.1
Deferred charges and other	34.6	42.1
Goodwill	2,479.7	2,476.7
Intangible assets, net	2,399.6	2,480.3
Total assets	7,128.6	7,193.7
Current liabilities:
Current portion of long-term debt	42.3	68.5
Accounts payable	473.5	620.6
Accrued wages and salaries	94.5	96.5
Accrued interest	42.0	63.3
Other current liabilities	187.1	211.9
Total current liabilities	839.4	1,060.8
Long-term debt, net current portion	3,840.2	3,872.1
Deferred income taxes	555.6	572.5
Other long-term liabilities	105.8	115.5
Total liabilities	5,341.0	5,620.9
Commitments and contingencies
Shareholders' equity:
Other capital	1,991.6	1,969.9
Accumulated earnings (deficit)	(58.3)	(246.7)
Accumulated other comprehensive loss, net of tax	(195.5)	(200.1)
Total shareholder's equity	1,737.8	1,523.1
Noncontrolling interest	49.8	49.7
Total equity	1,787.6	1,572.8
Total liabilities and equity	$ 7,128.6	$ 7,193.7

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Condensed Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Net sales	$ 1,361.5	$ 1,247.5	$ 3,790.0	$ 3,382.3
Cost of goods sold	830.8	789.5	2,355.5	2,179.0
Restructuring and related charges	0.1		0.4	0.4
Gross profit	530.6	458.0	1,434.1	1,202.9
Selling	201.7	184.8	578.3	517.7
General and administrative	94.2	89.9	276.2	242.5
Research and development	14.6	12.9	42.9	36.9
Acquisition and integration related charges	8.0	24.2	31.2	44.2
Restructuring and related charges	5.4	10.5	7.8	21.9
Total operating expenses	323.9	322.3	936.4	863.2
Operating income	206.7	135.7	497.7	339.7
Interest expense	59.9	112.9	175.8	206.5
Other non-operating (income) expense, net	2.2	1.7	6.5	5.6
Income from operations before income taxes	144.6	21.1	315.4	127.6
Income tax expense (benefit)	42.5	(23.8)	46.8	4.8
Net income (loss)	102.1	44.9	268.6	122.8
Net income attributable to non-controlling interest	0.2		0.4	0.3
Net income (loss) attributable to controlling interest	$ 101.9	$ 44.9	$ 268.2	$ 122.5
Earnings Per Share
Basic earnings per share	$ 1.72	$ 0.79	$ 4.52	$ 2.26
Diluted earnings per share	1.71	0.79	4.51	2.26
Dividends per share	$ 0.38	$ 0.33	$ 1.09	$ 0.96
Weighted Average Shares Outstanding
Basic	59.4	56.5	59.3	54.2
Diluted	59.6	56.5	59.5	54.3
SB/RH Holdings, LLC [Member]
Net sales	$ 1,361.5	$ 1,247.5	$ 3,790.0	$ 3,382.3
Cost of goods sold	830.8	789.5	2,355.5	2,179.0
Restructuring and related charges	0.1		0.4	0.4
Gross profit	530.6	458.0	1,434.1	1,202.9
Selling	201.7	184.8	578.3	517.7
General and administrative	92.8	88.2	271.7	238.1
Research and development	14.6	12.9	42.9	36.9
Acquisition and integration related charges	8.0	24.2	31.2	44.2
Restructuring and related charges	5.4	10.5	7.8	21.9
Total operating expenses	322.5	320.6	931.9	858.8
Operating income	208.1	137.4	502.2	344.1
Interest expense	59.9	112.9	175.8	206.5
Other non-operating (income) expense, net	2.2	1.7	6.5	5.6
Income from operations before income taxes	146.0	22.8	319.9	132.0
Income tax expense (benefit)	40.8	(23.8)	56.6	4.8
Net income (loss)	105.2	46.6	263.3	127.2
Net income attributable to non-controlling interest	0.1		0.3	0.2
Net income (loss) attributable to controlling interest	$ 105.1	$ 46.6	$ 263.0	$ 127.0

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Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Net income	$ 102.1	$ 44.9	$ 268.6	$ 122.8
Other comprehensive (loss) income, net of tax:
Foreign currency translation (loss) gain	(13.7)	9.5	(6.0)	(68.6)
Unrealized gain (loss) on hedging derivatives, net tax of $(2.9), $3.9, $(0.4) and $2.0, respectively	7.8	(12.0)	8.6	(8.6)
Defined benefit pension gain (loss), net tax of $(0.3), $0.2, $(0.5) and $(0.9), respectively	1.2	(0.6)	1.7	2.8
Other comprehensive (loss) income, net of tax	(4.7)	(3.1)	4.3	(74.4)
Comprehensive income (loss)	97.4	41.8	272.9	48.4
Comprehensive (loss) income attributable to non-controlling interest	(0.2)		(0.3)	0.3
Comprehensive income (loss) attributable to controlling interest	97.6	41.8	273.2	48.1
SB/RH Holdings, LLC [Member]
Net income	105.2	46.6	263.3	127.2
Other comprehensive (loss) income, net of tax:
Foreign currency translation (loss) gain	(13.7)	9.5	(6.0)	(68.6)
Unrealized gain (loss) on hedging derivatives, net tax of $(2.9), $3.9, $(0.4) and $2.0, respectively	7.8	(12.0)	8.6	(8.6)
Defined benefit pension gain (loss), net tax of $(0.3), $0.2, $(0.5) and $(0.9), respectively	1.2	(0.6)	1.7	2.8
Other comprehensive (loss) income, net of tax	(4.7)	(3.1)	4.3	(74.4)
Comprehensive income (loss)	100.5	43.5	267.6	52.8
Comprehensive (loss) income attributable to non-controlling interest	(0.2)		(0.3)	0.2
Comprehensive income (loss) attributable to controlling interest	$ 100.7	$ 43.5	$ 267.9	$ 52.6

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Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Unrealized (loss) gain on derivatives, tax	$ (2.9)	$ 3.9	$ (0.4)	$ 2.0
Defined benefit pension (loss) gain, tax	(0.3)	0.2	(0.5)	(0.9)
SB/RH Holdings, LLC [Member]
Unrealized (loss) gain on derivatives, tax	(2.9)	3.9	(0.4)	2.0
Defined benefit pension (loss) gain, tax	$ (0.3)	$ 0.2	$ (0.5)	$ (0.9)

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Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
Cash flows from operating activities
Net income	$ 268.6	$ 122.8
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Amortization of intangible assets	70.5	64.0
Depreciation	66.2	58.7
Share based compensation	47.4	36.3
Non-cash inventory adjustment from acquisitions		7.7
Non-cash restructuring and related charges	2.8	15.0
Amortization of debt issuance costs	8.4	7.7
Write-off of debt issuance costs on retired debt		11.2
Non-cash debt accretion	1.6	1.4
Write-off unamortized discount on retired debt		1.7
Deferred tax expense (benefit)	(3.1)	(32.0)
Net changes in operating assets and liabilities, net of effects of acquisitions	(344.5)	(453.7)
Net cash provided (used) by operating activities	117.9	(159.2)
Cash flows from investing activities
Purchases of property, plant and equipment	(59.6)	(49.5)
Business acquisitions, net of cash acquired		(1,193.2)
Proceeds from sales of property, plant and equipment	0.8	1.3
Other investing activities	(1.9)	(0.9)
Net cash used by investing activities	(60.7)	(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt	203.9	3,143.5
Payment of debt	(270.2)	(2,275.2)
Payment of debt issuance costs	(1.6)	(42.7)
Payment of cash dividends	(64.6)	(51.0)
Treasury stock purchases	(40.2)	(8.4)
Payment of contingent consideration	(3.2)
Share based tax withholding payments, net of proceeds upon vesting	(10.5)	(1.9)
Net proceeds from issuance of common stock		562.8
Net cash (used) provided by financing activities	(186.4)	1,327.1
Effect of exchange rate changes on cash and cash equivalents	(1.7)	(13.0)
Net increase (decrease) in cash and cash equivalents	(130.9)	(87.4)
Cash and cash equivalents, beginning of period	247.9	194.6
Cash and cash equivalents, end of period	117.0	107.2
Supplemental disclsoure of cash flow information
Cash paid for interest	186.8	236.3
Cash paid for taxes	30.7	40.0
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	28.2	2.2
Non cash financing activities
Issuance of shares through stock conpensation plan	47.2	11.0
SB/RH Holdings, LLC [Member]
Cash flows from operating activities
Net income	263.3	127.2
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Amortization of intangible assets	70.5	64.0
Depreciation	66.2	58.7
Share based compensation	43.4	32.2
Non-cash inventory adjustment from acquisitions		7.7
Non-cash restructuring and related charges	2.8	15.0
Amortization of debt issuance costs	8.4	7.7
Write-off of debt issuance costs on retired debt		11.2
Non-cash debt accretion	1.6	1.4
Write-off unamortized discount on retired debt		1.7
Deferred tax expense (benefit)	6.6	(32.0)
Net changes in operating assets and liabilities, net of effects of acquisitions	(358.1)	(458.4)
Net cash provided (used) by operating activities	104.7	(163.6)
Cash flows from investing activities
Purchases of property, plant and equipment	(59.6)	(49.5)
Business acquisitions, net of cash acquired		(1,193.2)
Proceeds from sales of property, plant and equipment	0.8	1.3
Other investing activities	(1.9)	(0.9)
Net cash used by investing activities	(60.7)	(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt	217.8	3,177.0
Payment of debt	(311.7)	(2,281.9)
Payment of debt issuance costs	(1.6)	(37.3)
Payment of cash dividends	(74.6)	(51.0)
Payment of contingent consideration	(3.2)
Share based tax withholding payments, net of proceeds upon vesting		(1.9)
Capital contribution from parent		528.3
Net cash (used) provided by financing activities	(173.3)	1,333.2
Effect of exchange rate changes on cash and cash equivalents	(1.7)	(13.0)
Net increase (decrease) in cash and cash equivalents	(131.0)	(85.7)
Cash and cash equivalents, beginning of period	247.9	192.9
Cash and cash equivalents, end of period	116.9	107.2
Supplemental disclsoure of cash flow information
Cash paid for interest	186.8	236.3
Cash paid for taxes	30.7	40.0
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	$ 28.2	$ 2.2

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Basis Of Presentation

9 Months Ended

Jul. 03, 2016

Basis Of Presentation [Abstract]

Basis Of Presentation

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company and its majority owned subsidiaries in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes necessary for a comprehensive presentation of financial position and results of operations. It is management’s opinion, however, that all material adjustments have been made which are necessary for a fair financial statement presentation. For further information, refer to the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2015.

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Significant Accounting Policies

9 Months Ended

Jul. 03, 2016

Significant Accounting Policies [Abstract]

Significant Accounting Policies

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU provides for changes to the accounting for share-based payment awards issued to employees; primarily income taxes upon award vest or settlement, cash flow presentations of excess tax benefits and employee withheld taxes paid, as well as an entity forfeiture policy election. The ASU is effective for annual periods beginning after December 15, 2016, and interim period within those annual periods. Early adoption is permitted for any interim or annual period. The Company has elected to early adopt for the three month period ended July 3, 2016, effective as if adopted the first day of the fiscal year, October 1, 2015.

Under the new guidance, all excess tax benefits (“windfalls”) and deficiencies (“shortfalls”) related to employee stock compensation will be recognized within income tax expense. Under prior guidance, windfalls were recognized to additional paid-in capital and shortfalls were only recognized in the extent they exceed the pool of windfall tax benefits. As of September 30, 2015, there was $22.2 million of unrecognized deferred tax assets attributable to excess tax benefits that were not previously recognized as they did not reduce income taxes payable. The cumulative adjustment for the adoption did not have an impact on net equity as the incremental deferred tax assets are fully reserved by an incremental valuation allowance as of September 30, 2015. The adoption of the new standard impacted our previously reported quarterly results for the recognition of excess tax benefits in our provision for income taxes rather than paid in capital. Due to the valuation allowance on deferred taxes, there was no impact to our quarterly results for the three month period ended January 3, 2016. The following summarizes the impact to the three and six months periods ended April 3, 2016:

SBH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions, except per share)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense (benefit)	$	14.9	$	(17.4)	$	(2.5)	$	21.8	$	(17.4)	$	4.4
Net income		75.3		17.4		92.7		149.0		17.4		166.4
Net income attributable to controlling interest		75.2		17.4		92.6		148.8		17.4		166.2
Earnings Per Share
Basic earnings per share	$	1.27	$	0.29	$	1.56	$	2.51	$	0.29	$	2.80
Diluted earnings per share	$	1.26	$	0.29	$	1.55	$	2.50	$	0.29	$	2.79
SB/RH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense	$	19.4	$	(10.4)	$	9.0	$	26.3	$	(10.4)	$	15.9
Net income		72.2		10.4		82.6		147.7		10.4		158.1
Net income attributable to controlling interest		72.1		10.4		82.5		147.5		10.4		157.9

Further, as part of the adoption, the Company elected to account for forfeitures in compensation cost as they occur. The cumulative impact for the change in election was not material and was recognized in the three month period ended July 3, 2016.

In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires debt issuance costs related to a recognized debt liability to be presented on a balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. Current guidance generally requires entities to capitalize costs paid to third parties that are directly related to issuing debt and that otherwise wouldn’t be incurred, and present those amounts separately as deferred charges. During the three month period ended January 3, 2016, the Company retrospectively applied the adoption of this ASU, resulting in a reclassification of $65.1 million of debt issuance costs as of September 30, 2015.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) – Balance Sheet Classification of Deferred Taxes. The ASU simplifies the presentation of deferred tax assets and liabilities to be classified as noncurrent on a balance sheet. Current guidance requires an entity to separate deferred income tax assets and liabilities into current and noncurrent amounts. The new guidance requires all deferred tax assets and liabilities to be presented as noncurrent as the separate current classification results in little to no benefit to users of the financial statements because the classification does not generally align with the time period in which the recognized deferred tax amounts are expected to be recovered or settled. During the three month period ended January 3, 2016, the Company retrospectively applied the adoption of this ASU, resulting in a reclassification of $44.7 million of current deferred tax assets and $4.6 million of current deferred tax liabilities as of September 30, 2015.

The following is a summary of the reclassifications from the retrospective adoption of ASU 2015-03 and ASU 2015-17 discussed above, as of September 30, 2015 for SBH and SB/RH, respectively:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Statement of Financial Position (in millions)	As Reported		Reclassification		As Reclassified		As Reported		Reclassification		As Reclassified
Prepaid expenses and other current assets	$	116.8	$	(44.7)	$	72.1	$	116.8	$	(44.7)	$	72.1
Deferred charges and other		101.7		(59.5)		42.2		101.6		(59.5)		42.1
Other current liabilities		(217.3)		4.6		(212.7)		(216.5)		4.6		(211.9)
Long-term debt, net of current portion		(3,937.2)		65.1		(3,872.1)		(3,937.2)		65.1		(3,872.1)
Deferred taxes (noncurrent liability)		(607.0)		34.5		(572.5)		(607.0)		34.5		(572.5)

In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The ASU simplifies the presentation of provisional amounts recognized in a business combination during the measurement period (one year from the date of acquisition). Current guidance requires retrospective adjustment of prior periods; the new guidance eliminates this requirement. The Company applied the adoption of this ASU effective the first day of the year ending September 30, 2016 and all subsequent measurement period adjustments are recorded in the period identified, resulting in the recognition of adjustments to goodwill from the Armored AutoGroup (“AAG”) acquisition. See Note 8 “Goodwill and Intangible Assets”,for adjustments to goodwill.

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Acquisitions

9 Months Ended

Jul. 03, 2016

Acquisitions [Abstract]

Acquisitions

NOTE 3 - ACQUISITIONS

Armored AutoGroup - On May 21, 2015, the Company completed the acquisition of Armored AutoGroup Parent, Inc. (“AAG”), a consumer products company consisting primarily of Armor All and STP products, two of the most recognizable brands in the automotive aftermarket appearance products and performance chemicals categories, respectively, and the A/C PRO brand of do-it-yourself automotive air conditioner recharge products. The results of AAG’s operations are included in the Company’s Condensed Consolidated Statements of Operations and are reported as a separate segment under Global Auto Care for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition.

Salix - On January 16, 2015, the Company completed the acquisition of Salix, a vertically integrated producer and distributer of premium natural rawhide dog chews, treats and snacks. The results of Salix’s operations are included in the Company’s Condensed Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition.

European IAMS and Eukanuba -On December 31, 2014, the Company completed the acquisition of Procter & Gamble’s European IAMS and Eukanuba pet food business (“European IAMS and Eukanuba”), premium brands for dogs and cats. The results of European IAMS and Eukanuba’s operations are included in the Company’s Condensed Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the three and nine month periods ended July 3, 2016 and June 28, 2015, since the date of acquisition.

Acquisition and Integration Costs

The following table summarizes acquisition and integration related charges incurred by the Company for the three and nine month periods ended July 3, 2016 and June 28, 2015:

	Three Months Ended				Nine Months Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Armored AutoGroup	$	2.6	$	17.8	$	13.2	$	17.8
HHI Business		4.4		2.1		12.0		8.3
European IAMS and Eukanuba		0.4		1.0		2.4		6.0
Salix		0.2		3.3		1.7		8.4
Other		0.4		—		1.9		3.7
Total acquisition and integration related charges	$	8.0	$	24.2	$	31.2	$	44.2

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Restructuring And Related Charges

9 Months Ended

Jul. 03, 2016

Restructuring And Related Charges [Abstract]

Restructuring And Related Charges

NOTE 4 - RESTRUCTURING AND RELATED CHARGES

GAC Business Rationalization Initiatives – During the three month period ended July 3, 2016, the Company implemented a series of initiatives through the Global Auto Care segment to consolidate certain operations and reduce operating costs. These initiatives included headcount reductions and the exit of certain facilities. Total costs associated with these initiatives are expected to be approximately $15 million, of which $3.6 million has been incurred to date, the balance is anticipated to be incurred through September 30, 2017.

HHI Business Rationalization Initiatives–During the three month period ended September 30, 2014, the Company implemented a series of initiatives throughout the Hardware & Home Improvement segment to reduce operating costs and exit low margin business outside the U.S. These initiatives included headcount reductions, the exit of certain facilities and the sale of a portion of the global Hardware & Home Improvement operations. Total costs associated with these initiatives are expected to be approximately $15 million, of which $14.3 million has been incurred to date,  the balance is anticipated to be incurred through September 30, 2016.

Global Expense Rationalization Initiatives – During the three month period ended June 30, 2013, the Company implemented a series of initiatives throughout the Company to reduce operating costs. These initiatives consisted of headcount reductions in the Global Batteries & Appliances and Global Pet Supplies segments, and within Corporate. Total costs associated with these initiatives are expected to be approximately $47 million, of which $45.1 million has been incurred to date, the balance is anticipated to be incurred through September 30, 2018.

Other Restructuring Activities – The Company is entering or may enter into small, less significant initiatives and restructuring activities to reduce costs and improve margins throughout the organization. Individually these activities are not substantial, and occur over a shorter time period (less than 12 months). Total costs associated with these initiatives are expected to be approximately $3million, of which $1.8 million has been incurred to date.

The following table summarizes restructuring and related charges for the three and nine month periods ended July 3, 2016 and June 28, 2015:

	Three Months Ended				Nine Months Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
HHI business rationalization initiatives	$	—	$	6.3	$	(0.5)	$	7.7
GAC business rationalization initiatives		3.6		—		3.6		—
Global expense rationalization initiatives		1.1		3.9		3.3		13.9
Other restructuring activities		0.8		0.3		1.8		0.7
Total restructuring and related charges	$	5.5	$	10.5	$	8.2	$	22.3
Reported as:
Cost of goods sold	$	0.1	$	—	$	0.4	$	0.4
Operating expense		5.4		10.5		7.8		21.9

The following is a summary of restructuring and related charges for the three and nine month periods ended July 3, 2016 and June 28, 2015 by cost type:

	Termination		Other
(in millions)	Benefits		Costs		Total
For the three month period ended July 3, 2016		1.3		4.2		5.5
For the three month period ended June 28, 2015		(1.9)		12.4		10.5
For the nine month period ended July 3, 2016		3.0		5.2		8.2
For the nine month period ended June 28, 2015		6.0		16.3		22.3
Cumulative costs through July 3, 2016		31.1		33.7		64.8

The following is a rollforward of the accrual related to all restructuring and related activities, included within Other Current Liabilities, by cost type for the nine month period ended July 3, 2016:

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2015		4.3		3.9		8.2
Provisions		3.0		5.2		8.2
Cash expenditures		(5.6)		(7.5)		(13.1)
Non-cash items		0.1		(0.2)		(0.1)
Accrual balance at July 3, 2016	$	1.8	$	1.4	$	3.2

The following summarizes restructuring and related charges by segment for the three and nine month periods ended July 3, 2016 and June 28, 2015, cumulative costs incurred through July 3, 2016 and future expected costs to be incurred by segment:

	Global				Hardware
	Batteries &		Global Pet		& Home		Global
(in millions)	Appliances		Supplies		Improvement		Auto Care		Corporate		Total
For the three month period ended July 3, 2016	$	0.6	$	0.6	$	0.7		3.6	$	—	$	5.5
For the three month period ended June 28, 2015		1.0		3.2		6.3		—		—		10.5
For the nine month period ended July 3, 2016		1.0		2.4		1.2		3.6		—		8.2
For the nine month period ended June 28, 2015		6.4		7.8		7.8		—		0.3		22.3
Cumulative costs through July 3, 2016		30.2		12.9		16.0		3.6		2.1		64.8
Future costs to be incurred		0.5		2.2		0.3		11.5		0.1		14.6

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Receivables And Concentration Of Credit Risk

9 Months Ended

Jul. 03, 2016

Receivables And Concentration Of Credit Risk [Abstract]

Receivables And Concentration Of Credit Risk

NOTE 5 - RECEIVABLES AND CONCENTRATION OF CREDIT RISK

The allowance for uncollectible receivables as of July 3, 2016 and September 30, 2015 was $46.0 million and $44.0 million, respectively. The Company has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This customer represents approximately 17% and 16% of the Company’s Trade Receivables at July 3, 2016 and September 30, 2015, respectively.

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Inventories

9 Months Ended

Jul. 03, 2016

Inventories [Abstract]

Inventories

NOTE 6 - INVENTORIES

Inventories consist of the following:

(in millions)	July 3, 2016		September 30, 2015
Raw materials	$	143.1	$	132.4
Work-in-process		59.8		37.9
Finished goods		639.4		610.5
	$	842.3	$	780.8

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Property, Plant And Equipment

9 Months Ended

Jul. 03, 2016

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

(in millions)	July 3, 2016		September 30, 2015
Land, buildings and improvements	$	193.5	$	190.9
Machinery, equipment and other		525.9		491.9
Capitalized leases		121.7		97.3
Construction in progress		59.5		51.8
Property, plant and equipment	$	900.6	$	831.9
Accumulated depreciation		(377.4)		(324.8)
Property, plant and equipment, net	$	523.2	$	507.1

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Goodwill And Intangible Assets

9 Months Ended

Jul. 03, 2016

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

NOTE 8 - GOODWILL AND INTANGIBLE ASSETS

Goodwill, by segment, consists of the following:

	Global		Hardware &
	Batteries &		Home		Global Pet		Home and		Global
(in millions)	Appliances		Improvement		Supplies		Garden		Auto Care		Total
Balance, as of September 30, 2015		348.5		699.5		299.6		196.5		932.6		2,476.7
Adjustments		—		—		—		—		3.4		3.4
Foreign currency impact		(2.8)		3.6		0.1		—		(1.3)		(0.4)
Balance, as of July 3, 2016	$	345.7	$	703.1	$	299.7	$	196.5	$	934.7	$	2,479.7

The carrying value and accumulated amortization for intangible assets subject to amortization are as follows:

	July 3, 2016						September 30, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	984.0	$	(288.7)	$	695.3	$	985.2	$	(247.4)	$	737.8
Technology assets		236.3		(91.0)		145.3		238.6		(78.1)		160.5
Tradenames		165.4		(85.3)		80.1		165.4		(73.7)		91.7
Total	$	1,385.7	$	(465.0)	$	920.7	$	1,389.2	$	(399.2)	$	990.0

The range and weighted average useful lives for definite-lived intangible assets are as follows:

Asset Type	Range	Weighted Average
Customer relationships	2 - 20 years	18.5 years
Technology assets	4 - 18 years	11.1 years
Tradenames	8 - 17 years	16.2 years

Certain tradename intangible assets have an indefinite life and are not amortized. The balance of tradenames not subject to amortization was $1,478.9 million and $1,490.3 million as of July 3, 2016 and September 30, 2015. There was no impairment loss on indefinite-lived trade names for the nine month periods ended July 3, 2016 or June 28, 2015.

Amortization expense from intangible assets for the three month periods ended July 3, 2016 and June 28, 2015 was $23.5 million and $22.3 million, respectively. Amortization expense from intangible assets for the nine month periods ended July 3, 2016 and June 28, 2015 was $70.5 million and $64.0 million, respectively. Excluding the impact of any future acquisitions or changes in foreign currency, the Company estimates annual amortization expense of intangible assets for the next five fiscal years will be as follows:

(in millions)	Amortization
2016	$	93.9
2017		93.0
2018		86.2
2019		85.1
2020		84.9

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Debt

9 Months Ended

Jul. 03, 2016

Debt [Abstract]

Debt

NOTE 9 - DEBT

Debt consists of the following:

	Spectrum Brands Holdings, Inc.								SB/RH Holdings, LLC
	July 3, 2016				September 30, 2015				July 3, 2016				September 30, 2015
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Term Loan, variable rate, due June 23, 2022	$	1,103.1	3.6	%	$	1,226.9	3.9	%	$	1,103.1	3.6	%	$	1,226.9	3.9	%
CAD Term Loan, variable rate, due June 23, 2022		57.4	4.6	%		55.7	4.4	%		57.4	4.6	%		55.7	4.4	%
Euro Term Loan, variable rate, due June 23, 2022		116.7	3.5	%		255.8	3.5	%		116.7	3.5	%		255.8	3.5	%
5.75% Notes, due July 15, 2025		1,000.0	5.8	%		1,000.0	5.8	%		1,000.0	5.8	%		1,000.0	5.8	%
6.125% Notes, due December 15, 2024		250.0	6.1	%		250.0	6.1	%		250.0	6.1	%		250.0	6.1	%
6.375% Notes, due November 15, 2020		520.0	6.4	%		520.0	6.4	%		520.0	6.4	%		520.0	6.4	%
6.625% Notes, due November 15, 2022		570.0	6.6	%		570.0	6.6	%		570.0	6.6	%		570.0	6.6	%
Revolver Facility, variable rate, expiring June 23, 2020		198.5	3.6	%		—	—	%		198.5	3.6	%		—	—	%
Other notes and obligations		15.4	11.9	%		11.2	10.2	%		22.4	8.1	%		45.9	4.9	%
Obligations under capital leases		107.9	5.5	%		88.2	5.7	%		107.9	5.5	%		88.2	5.7	%
Total debt		3,939.0				3,977.8				3,946.0				4,012.5
Unamortized discount on debt		(5.3)				(6.8)				(5.3)				(6.8)
Debt issuance costs		(58.2)				(65.1)				(58.2)				(65.1)
Less current portion		(35.3)				(33.8)				(42.3)				(68.5)
Long-term debt, net of current portion	$	3,840.2			$	3,872.1			$	3,840.2			$	3,872.1

The Term Loans and Revolver Facility are subject to variable interest rates, (i) the USD Term Loan is subject to either adjusted LIBOR (International Exchange London Interbank Offered Rate), subject to a 0.75% floor plus 2.75% per annum, or base rate plus 1.75% per annum, (ii) the CAD Term Loan is subject to either CDOR (Canadian Dollar Offered Rate), subject to a 0.75% floor plus 3.5% per annum, or base rate plus 2.5% per annum, (iii) the Euro Term Loan is subject to either EURIBOR (Euro Interbank Offered Rate), subject to a 0.75% floor plus 2.75% per annum, with no base rate option available and (iv) the Revolver Facility is subject to either adjusted LIBOR plus 2.75% per annum, or base rate plus 1.75% per annum. As a result of borrowings and payments under the Revolver Facility, at July 3, 2016, the Company had borrowing availability of $276.9 million, net outstanding letters of credit of $24.6 million.

Debt held by SB/RH also includes a loan with SBH of $7.1 million and $34.7 million as of July 3, 2016 and September 30, 2015, respectively.

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Derivatives

9 Months Ended

Jul. 03, 2016

Derivatives [Abstract]

Derivatives

NOTE 10 - DERIVATIVES

Cash Flow Hedges

Interest Rate Swaps. The Company uses interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in Accumulated Other Comprehensive Income (“AOCI”) and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counterparties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest from the underlying debt to which the swap is designated. At July 3, 2016 and September 30, 2015, the Company had a series of U.S. dollar denominated interest rate swaps outstanding which effectively fix the interest on floating rate debt, exclusive of lender spreads, at 1.36% for a notional principal amount of $300.0 million through April 2017. The derivative net losses estimated to be reclassified from AOCI into earnings over the next 12 months is $1.3 million, net of tax. The Company’s interest rate swap derivative financial instruments at July 3, 2016 and September 30, 2015 are as follows:

	July 3, 2016				September 30, 2015
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		0.8	$	300.0		1.5

Commodity Swaps. The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes. The Company hedges a portion of the risk associated with the purchase of these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At July 3, 2016, the Company had a series of zinc and brass swap contracts outstanding through September 2017. The derivative net gains estimated to be reclassified from AOCI into earnings over the next 12 months is $0.6 million, net of tax. The Company had the following commodity swap contracts outstanding as of July 3, 2016 and September 30, 2015.

	July 3, 2016				September 30, 2015
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Zinc swap contracts		7.2 Tons	$	13.6		10.8 Tons	$	22.2
Brass swap contracts		1.0 Tons	$	4.3		1.8 Tons	$	8.5

Foreign exchange contracts. The Company periodically enters into forward foreign exchange contracts to hedge 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 U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. 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 Net Sales or purchase price variance in Cost of Goods Sold on the Condensed Consolidated Statements of Operations. At July 3, 2016, the Company had a series of foreign exchange derivative contracts outstanding through September 2017. The derivative net gains estimated to be reclassified from AOCI into earnings over the next 12 months is $4.1 million, net of tax. At July 3, 2016 and September 30, 2015, the Company had foreign exchange derivative contracts designated as cash flow hedges with a notional value of $224.7 million and $300.6 million, respectively.

Derivative Contracts Not Designated as Hedges for Accounting Purposes

Foreign exchange contracts. The Company periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed 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 July 3, 2016, the Company had a series of forward exchange contracts outstanding through August 2016. At July 3, 2016 and September 30, 2015, the Company had $197.1 million and $126.8 million, respectively, of notional value of such foreign exchange derivative contracts outstanding.

Commodity Swaps. The Company periodically enters into commodity swap contracts to economically hedge the risk from fluctuating prices for raw materials, specifically the pass-through of market prices for silver used in manufacturing purchased watch batteries. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The swap contracts are designated as economic hedges with the unrealized gain or loss recorded in earnings and as an asset or liability at each period end. The unrecognized changes in the fair value of the hedge contracts are adjusted through earnings when the realized gains or losses affect earnings upon settlement of the hedges. The swaps effectively fix the floating price on a specified quantity of silver through a specified date. At July 3, 2016, the Company had a series of commodity swaps outstanding through August 2016. The Company had the following commodity swaps outstanding as of July 3, 2016 and September 30, 2015:

	July 3, 2016				September 30, 2015
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Silver		5.0 troy oz.	$	0.1		25.0 troy oz.	$	0.4

Fair Value of Derivative Instruments

The fair value of the Company’s outstanding derivative contracts recorded in the Condensed Consolidated Statements of Financial Position is as follows:

(in millions)	Line Item	July 3, 2016		September 30, 2015
Derivative Assets
Commodity swaps - designated as hedge	Receivables—Other	$	1.3	$	—
Commodity swaps - designated as hedge	Deferred charges and other		0.3		—
Foreign exchange contracts - designated as hedge	Receivables—Other		6.6	$	5.2
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.6		0.4
Foreign exchange contracts - not designated as hedge	Receivables—Other		0.4		0.4
Total Derivative Assets		$	9.2	$	6.0
Derivative Liabilities
Interest rate swaps - designated as hedge	Other current liabilities	$	1.3	$	1.4
Interest rate swaps - designated as hedge	Accrued interest		0.5		0.4
Interest rate swaps - designated as hedge	Other long-term liabilities		—		0.8
Commodity swaps - designated as hedge	Accounts payable		0.4		4.7
Commodity swaps - designated as hedge	Other long-term liabilities		—		0.8
Commodity swaps - not designated as hedge	Accounts payable		—		0.1
Foreign exchange contracts - designated as hedge	Accounts payable		1.7		1.5
Foreign exchange contracts - designated as hedge	Other long-term liabilities		0.1		—
Foreign exchange contracts - not designated as hedge	Accounts payable		0.6		0.1
Total Derivative Liabilities		$	4.6	$	9.8

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 such 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 was less than $0.1 million as of July 3, 2016 and September 30, 2015.

The Company’s standard contracts do not contain credit risk related contingent features whereby the Company would be required to post additional cash collateral as a result of 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, 2015, there was $3.5 millionof posted cash collateral related to such liability positions. As of July 3, 2016, there was no cash collateral outstanding. In addition, as of July 3, 2016 and September 30, 2015, the Company had no posted standby letters of credit related to such liability positions. The cash collateral is included in Other Receivables in the Condensed Consolidated Statements of Financial Position.

The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015, pretax:

	Effective Portion
For the three months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
July 3, 2016 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.2)	Interest expense	$	(0.5)	Interest expense	$	—
Commodity swaps		2.0	Cost of goods sold		(0.8)	Cost of goods sold		0.1
Foreign exchange contracts		(0.3)	Net sales		—	Net sales		—
Foreign exchange contracts		8.0	Cost of goods sold		0.1	Cost of goods sold		—
Total	$	9.5		$	(1.2)		$	0.1
	Effective Portion
For the three months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
June 28, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.5)	Interest expense	$	(0.5)	Interest expense	$	—
Commodity swaps		(0.7)	Cost of goods sold		—	Cost of goods sold		—
Foreign exchange contracts		0.2	Net sales		—	Net sales		—
Foreign exchange contracts		(6.8)	Cost of goods sold		8.6	Cost of goods sold		—
Total	$	(7.8)		$	8.1		$	—
	Effective Portion
For the nine months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
July 3, 2016 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.5)	Interest expense	$	(1.4)	Interest expense	$	—
Commodity swaps		2.9	Cost of goods sold		(3.8)	Cost of goods sold		0.1
Foreign exchange contracts		(0.4)	Net sales		—	Net sales		—
Foreign exchange contracts		6.8	Cost of goods sold		5.0	Cost of goods sold		—
Total	$	8.8		$	(0.2)		$	0.1
	Effective Portion
For the nine months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
June 28, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(2.4)	Interest expense	$	(1.4)	Interest expense	$	—
Commodity swaps		(2.4)	Cost of goods sold		0.3	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		—	Net sales		—
Foreign exchange contracts		14.0	Cost of goods sold		21.0	Cost of goods sold		—
Total	$	9.3		$	19.9		$	—

The following summarizes the loss associated with derivative contracts not designated as hedges in the Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015:

		Three Months Ended				Nine Months Ended
(in millions)	Line Item	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Foreign exchange contracts	Other non-operating expenses, net	$	0.8	$	5.0	$	1.6	$	(2.4)

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Fair Value Of Financial Instruments

9 Months Ended

Jul. 03, 2016

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

NOTE 11 - FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company has not changed the valuation techniques used in measuring the fair value of any financial assets and liabilities during the year. The Company’s derivative portfolio contains Level 2 instruments. See Note 10, “Derivatives” for additional detail. The fair values of derivative instruments as of July 3, 2016 and September 30, 2015 are as follows: 

	July 3, 2016				September 30, 2015
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Derivative Assets	$	9.2	$	9.2	$	6.0	$	6.0
Derivative Liabilities	$	4.6	$	4.6	$	9.8	$	9.8

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

The fair value measurements of the Company’s debt are valued at quoted input prices that are directly observable or indirectly observable through corroboration with observable market data (Level 2). The carrying values and fair values for debt as of July 3, 2016 and September 30, 2015 are as follows:

	July 3, 2016				September 30, 2015
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Total debt - Spectrum Brands Holdings, Inc.	$	3,875.5	$	4,045.2	$	3,905.9	$	4,085.8
Total debt - SB/RH Holdings, LLC	$	3,882.5	$	4,052.3	$	3,940.6	$	4,120.5

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Employee Benefit Plans

9 Months Ended

Jul. 03, 2016

Employee Benefit Plans [Abstract]

Employee Benefit Plans

NOTE 12 - EMPLOYEE BENEFIT PLANS

The net periodic benefit cost for the Company’s pension and deferred compensation plans for the three and nine month periods ended July 3, 2016, and June 28, 2015 were as follows:

	U.S. Plans				Non U.S. Plans
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Three month period ended
Service cost	$	0.1	$	0.1	$	0.7	$	0.7
Interest cost		0.7		0.8		1.5		1.6
Expected return on assets		(1.1)		(1.1)		(1.2)		(1.3)
Recognized net actuarial loss		0.1		—		0.4		0.3
Net periodic benefit cost	$	(0.2)	$	(0.2)	$	1.4	$	1.3
Nine month period ended
Service cost	$	0.2	$	0.3	$	2.0	$	2.1
Interest cost		2.2		2.4		4.6		4.9
Expected return on assets		(3.3)		(3.3)		(3.6)		(4.2)
Recognized net actuarial loss		0.4		0.1		1.3		1.0
Net periodic benefit cost	$	(0.5)	$	(0.5)	$	4.3	$	3.8
Weighted average assumptions
Discount rate	4.25%		4.15%		1.75 - 13.81%		2.00 - 13.50%
Expected return on plan assets	7.25%		7.50%		1.75 - 4.53%		2.00 - 5.26%
Rate of compensation increase	N/A		N/A		2.25 - 5.50%		2.25 - 5.50%

Company contributions to its pension and deferred compensation plans, including discretionary amounts, for the three months ended July 3, 2016 and June 28, 2015, were $2.2 million and $2.0 million, respectively. Company contributions to its pension and deferred compensation plans, including discretionary amounts, for the nine months ended July 3, 2016 and June 28, 2015, were $8.1 million and $7.5 million, respectively.

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Share Based Compensation

9 Months Ended

Jul. 03, 2016

Share Based Compensation [Abstract]

Share Based Compensation

NOTE 13 - SHARE BASED COMPENSATION

Share based compensation expense for SBH during the three month periods ended July 3, 2016 and June 28, 2015 was $15.9 million and $16.9 million respectively. Share based compensation expense for SBH during the nine month periods ended July 3, 2016 and June 28, 2015 was $47.4 million and $36.3 million respectively.The remaining unrecognized pre-tax compensation cost for SBH at July 3, 2016 was $28.6 million.

Share based compensation expense for SB/RH during the three month periods ended July 3, 2016 and June 28, 2015 was $14.6 million and $15.2 million respectively.Share based compensation expense for SB/RH during the nine month periods ended July 3, 2016 and June 28, 2015 was $43.4 million and $32.2 million respectively. The remaining unrecognized pre-tax compensation cost for SB/RH at July 3, 2016 was $25.9 million.

During the three month period ended July 3, 2016, SBH and SB/RHgranted less than 0.1 million Restricted Stock Units (“RSUs”).  The total market value of the RSUs on the dates of the grants was $1.6 million for SBH and SB/RH.

During the nine month period ended July 3, 2016, SBH and SB/RH granted 0.6 million RSUs, which included0.2 million units that vested immediately or within 12 months and 0.4 million that are both performance and time-based and vest over a period ranging from one to two years. The total market value of the RSUs on the dates of the grants was $55.7 million and $53.9 million for SBH and SB/RH, respectively. The fair value of RSUs is determined based on the market price of the Company’s shares of common stock on the grant date. A summary of the activity in the Company’s RSUs during the nine month period ended July 3, 2016 is as follows:

	Spectrum Brands Holdings, Inc.					SB/RH Holdings, LLC
		Weighted		Fair			Weighted		Fair
		Average		Value			Average		Value
		Grant Date		at Grant			Grant Date		at Grant
(in millions, except per share data)	Shares	Fair Value		Date		Shares	Fair Value		Date
Non-vested RSUs at September 30, 2015	0.6		87.50	$	53.2	0.5		87.71	$	42.1
Granted	0.6		94.78		55.7	0.6		94.90		53.9
Forfeited	(0.2)		94.75		(14.8)	(0.2)		94.75		(14.8)
Vested	(0.5)		86.81		(47.3)	(0.5)		86.60		(43.8)
Non-vested RSUs at July 3, 2016	0.5		94.63	$	46.8	0.4		96.90	$	37.4

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Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Jul. 03, 2016

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 14 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in the components of AOCI, net of tax, for the nine month period endedJuly 3, 2016 was as follows:

	Foreign				Employee
	Currency		Derivative		Benefit
(in millions)	Translation		Hedging		Plans		Total
Accumulated other comprehensive loss, as of September 30, 2015		(152.3)		(4.0)		(43.8)		(200.1)
Other comprehensive (loss) income before reclassification		(6.0)		8.8		0.4		3.2
Amounts reclassified from accumulated other comprehensive income (loss)		-		0.2		1.8		2.0
Other comprehensive (loss) income, nine month period ended July 3, 2016		(6.0)		9.0		2.2		5.2
Deferred tax effect		-		(1.4)		(0.5)		(1.9)
Deferred tax valuation allowance		-		1.0		-		1.0
Other comprehensive income, net of tax		(6.0)		8.6		1.7		4.3
Other comprehensive loss attributable to non-controlling interest		(0.3)		-		-		(0.3)
Other comprehensive income attributable to controlling interest		(5.7)		8.6		1.7		4.6
Accumulated other comprehensive (loss) income, as of July 3, 2016	$	(158.0)	$	4.6	$	(42.1)	$	(195.5)

Amounts reclassified from AOCI associated with employee benefit plan costs and recognized on the Company’s Condensed Consolidated Statements of Operations for the three and nine month periods ended July 3, 2016 and June 28, 2015 were as follows:

	Three Month Period Ended				Nine Month Period Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Cost of goods sold	$	0.4	$	0.2	$	1.1	$	0.5
Selling expenses		—		—		0.2		0.2
General and administrative expenses		0.2		0.1		0.5		0.4
Amounts reclassified from accumulated other comprehensive income	$	0.6	$	0.3	$	1.8	$	1.1

See Note 10 “Derivatives”, for amounts reclassified from AOCI from the Company’s derivative hedging activity.

XML

Income Taxes

9 Months Ended

Jul. 03, 2016

Income Taxes [Abstract]

Income Taxes

NOTE 15 - INCOME TAXES

SBH effective tax rate for the three month periods ended July 3, 2016 and June 28, 2015 was 29.4% and (112.8)%, respectively. SB/RH effective tax rate for the three month periods ended July 3, 2016 and June 28, 2015 was 27.9% and (104.4)%, respectively. The estimated annual effective tax rate applied to these periods differs from the U.S. federal statutory rate of 35% principally due to income earned outside the U.S. that is subject to statutory rates lower than 35% and the release of valuation allowance on U.S. net operating losses deferred tax assets offsetting tax expense on U.S. pretax income. The effective tax rate for the three month period ended July 3, 2016 was increased due to $25.5 million of income tax expense recognized for a tax contingency reserve for a tax exposure in Germany. SBH effective tax rate also includes $5.3 million of tax benefits from the adoption of ASU No. 2016-09. SBRH effective tax rate includes $9.4 million of tax benefits from the adoption of ASU No. 2016-09. See Note 2, “Significant Accounting Policies”, for additional discussion over the adoption of ASU No. 2016-09.

SBH’s effective tax rate for the nine month periods ended July 3, 2016 and June 28, 2015 was 14.8% and 3.8%, respectively. SB/RH’s effective tax rate for the nine month periods ended July 3, 2016 and June 28, 2015 was 17.7% and 3.6%, respectively. The estimated annual effective tax rate applied to these periods differs from the U.S. federal statutory rate of 35% principally due to income earned outside the U.S. that is subject to statutory rates lower than 35% and the release of valuation allowance on U.S. net operating losses deferred tax assets offsetting tax expense on U.S. pretax income. The effective tax rate for the three and nine month period ended July 3, 2016 was increased due to $25.5 million of income tax expense recognized for a tax contingency reserve for a tax exposure in Germany. SBH effective tax rate also includes $22.7 million of tax benefits from the adoption of ASU No. 2016-09 for the nine month period ended July 3, 2016. SBRH effective tax rate includes $19.9 million of tax benefits from the adoption of ASU No. 2016-09 for the nine month period ended July 3, 2016. See Note 2, “Significant Accounting Policies”, for additional discussion over the adoption of ASU No. 2016-09. For the nine month period ended July 3, 2016, the effective tax rate was reduced due to $5.9 million for non-recurring items related to the impact of tax law changes and changes in state deferred tax rates on the Company’s net deferred tax liabilities.

In December 2015, the Company received a ruling from the Internal Revenue Service which resulted in approximately $88 million of U.S. net operating losses being restored. The ruling created additional U.S. deferred tax assets and valuation allowance during the nine month period ended July 3, 2016.

During the nine month period ended July 3, 2016, the Company determined it is more likely than not its U.S. deferred tax assets will be used to reduce taxable income, except for tax attributes subject to ownership change limitations, capital losses, and certain state operating losses and credits that will expire unused. The Company estimates the total unused tax benefits are approximately $211 million. The Company has projected to release approximately $109 million of valuation allowance during the year ending September 30, 2016 based on estimates of taxable income. Approximately $25 million of the valuation allowance release results from additional deferred tax assets created by the adoption of ASU No. 2016-09. For the nine month period ended July 3, 2016, the Company included $95 million of the release in the calculation of the estimated annual effective tax rate for the current fiscal year, and $14 million as a discrete income tax benefit.

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Segment Information

9 Months Ended

Jul. 03, 2016

Segment Information [Abstract]

Segment Information

NOTE 16 - SEGMENT INFORMATION

The Company identifies its segments based upon the internal organization that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments. The Company manufactures, markets and/or distributes multiple product lines through various distribution networks, and in multiple geographic regions. The Company manages its business in five vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of the Company’s worldwide battery, electric personal care and small appliances businesses; (ii) Hardware & Home Improvement, which consists of the Company’s worldwide hardware, home improvement and plumbing business; (iii) Global Pet Supplies, which consists of the Company’s worldwide pet supplies business; (iv) Home and Garden, which consists of the Company’s home and garden and insect control business and (v) Global Auto Care, which was established through the AAG acquisition on May 21, 2015 and consists of the Company’s automotive appearance and performance products. 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 general manager responsible for the sales and marketing initiatives and financial results for product lines within the segment. 

Summary statements of operations including net sales to external customers relating to the segments for the three and nine month periods ended July 3, 2016 and June 28, 2015 are as follows:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Three month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Consumer batteries	$	187.2	$	178.3	$	187.2	$	178.3
Small appliances		151.1		161.3		151.1		161.3
Personal care		115.8		119.4		115.8		119.4
Global Batteries & Appliances		454.1		459.0		454.1		459.0
Hardware & Home Improvement		328.5		313.5		328.5		313.5
Global Pet Supplies		207.1		208.3		207.1		208.3
Home and Garden		212.0		202.3		212.0		202.3
Global Auto Care		159.8		64.4		159.8		64.4
Net sales	$	1,361.5	$	1,247.5	$	1,361.5	$	1,247.5
	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Nine month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Consumer batteries	$	618.0	$	600.3	$	618.0	$	600.3
Small appliances		479.3		536.7		479.3		536.7
Personal care		393.0		402.3		393.0		402.3
Global Batteries & Appliances		1,490.3		1,539.3		1,490.3		1,539.3
Hardware & Home Improvement		912.9		874.1		912.9		874.1
Global Pet Supplies		619.0		538.8		619.0		538.8
Home and Garden		414.7		365.7		414.7		365.7
Global Auto Care		353.1		64.4		353.1		64.4
Net sales	$	3,790.0	$	3,382.3	$	3,790.0	$	3,382.3

During the three month period ended July 3, 2016, the Company changed its performance metric to Adjusted EBITDA to better reflect how the Chief Operating Decision Maker is currently evaluating the business and making operating decisions. All amounts for prior periods have been recast to reflect current presentation. 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 further excludes (1) share based compensation expense as it is a non-cash based compensation cost; (2) acquisition and integration costs that consist of transaction costs from acquisition transactions during the period, or subsequent integration related project costs directly associated with the acquired business; (3) restructuring and related costs, which consist of project costs associated with restructuring initiatives across the segments; (4) non-cash purchase accounting inventory adjustments recognized in earnings subsequent to an acquisition; (5) non-cash asset impairments or write-offs realized; (6) and other. During the nine month period ended July 3, 2016, other adjustments consisted of costs associated with the onboarding of a key executive and the involuntary transfer of inventory. During the three and nine month period ended June 28, 2015, other consisted of costs associated with exiting of a key executive, coupled with onboarding a key executive. Segment Adjusted EBITDA in relation to the Company’s reportable segments for the three and nine month periods ended July 3, 2016 and June 28, 2015, is as follows:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Three month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Global Batteries & Appliances	$	64.3	$	60.1	$	64.3	$	60.1
Hardware & Home Improvement		65.2		62.6		65.2		62.6
Global Pet Supplies		37.7		38.4		37.7		38.4
Home and Garden		67.0		62.4		67.0		62.4
Global Auto Care		54.2		19.2		54.2		19.2
Total Segment Adjusted EBITDA		288.4		242.7		288.4		242.7
Depreciation and amortization		45.3		43.8		45.3		43.8
Share-based compensation		15.9		16.9		14.6		15.2
Corporate expenses		9.2		6.5		9.1		6.5
Purchase accounting inventory adjustment		—		4.7		—		4.7
Acquisition and integration related charges		8.0		24.2		8.0		24.2
Restructuring and related charges		5.5		10.5		5.5		10.5
Interest expense		59.9		112.9		59.9		112.9
Other		—		2.1		—		2.1
Income from operations before income taxes	$	144.6	$	21.1	$	146.0	$	22.8
	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Nine month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Global Batteries & Appliances	$	228.1	$	229.2	$	228.1	$	229.2
Hardware & Home Improvement		172.5		160.2		172.5		160.2
Global Pet Supplies		98.3		82.4		98.3		82.4
Home and Garden		118.3		100.0		118.3		100.0
Global Auto Care		122.0		19.2		122.0		19.2
Total Segment Adjusted EBITDA		739.2		591.0		739.2		591.0
Depreciation and amortization		136.7		122.7		136.7		122.7
Share-based compensation		47.4		36.3		43.4		32.2
Corporate expenses		23.3		19.8		22.9		19.5
Purchase accounting inventory adjustment		—		7.7		—		7.7
Acquisition and integration related charges		31.2		44.2		31.2		44.2
Restructuring and related charges		8.2		22.3		8.2		22.3
Interest expense		175.8		206.5		175.8		206.5
Other		1.2		3.9		1.1		3.9
Income from operations before income taxes	$	315.4	$	127.6	$	319.9	$	132.0

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Earnings Per Share - SBH

9 Months Ended

Jul. 03, 2016

Earnings Per Share - SBH [Abstract]

Earnings Per Share - SBH

NOTE 17 - EARNINGS PER SHARE - SBH

The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the three and nine month periods ended July 3, 2016 and June 28, 2015 are as follows:

	Three Month Periods Ended				Nine Month Periods Ended
(in millions, except per share amounts)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Numerator
Net income attributable to controlling interest	$	101.9	$	44.9	$	268.2	$	122.5
Denominator
Weighted average shares outstanding - basic		59.4		56.5		59.3		54.2
Dilutive shares		0.2		—		0.2		0.1
Weighted average shares outstanding - diluted		59.6		56.5		59.5		54.3
Earnings per share
Basic earnings per share	$	1.72	$	0.79	$	4.52	$	2.26
Diluted earnings per share	$	1.71	$	0.79	$	4.51	$	2.26
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units		0.3		0.3		0.3		0.3

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Guarantor Statements - SB/RH

9 Months Ended

Jul. 03, 2016

Guarantor Statements - SB/RH [Abstract]

Guarantor Statements - SB/RH

NOTE 18 - GUARANTOR STATEMENTS – SB/RH

Spectrum Brands, Inc. (“SBI”)with SB/RH as a parent guarantor (collectively, the “Parent”), with SBI’s domestic subsidiaries as subsidiary guarantors, has issued the 6.375% Notes and the 6.625% Notes under the 2020/2022 Indenture, 6.125% Notes under the 2024 Indenture and the 5.75% Notes under the 2025 Indenture. See Note 9, “Debt” for further information on the 6.375% Notes, 6.625% Notes, 6.125% Notes and 5.75% Notes.

The following consolidating financial statements illustrate the components of the condensed consolidated financial statements of SB/RH. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. The elimination entries presented herein eliminate investments in subsidiaries and intercompany balances and transactions.

Statement of Financial Position			Guarantor		Nonguarantor
As of July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	3.9	$	2.5	$	110.5	$	—	$	116.9
Trade receivables, net		183.2		211.9		193.8		—		588.9
Intercompany receivables		—		795.3		215.4		(1,010.7)		—
Other receivables		—		8.1		56.1		(3.0)		61.2
Inventories		406.4		132.2		326.5		(22.8)		842.3
Prepaid expenses and other		43.3		4.8		34.1		—		82.2
Total current assets		636.8		1,154.8		936.4		(1,036.5)		1,691.5
Property, plant and equipment, net		234.5		74.5		214.2		—		523.2
Long-term intercompany receivables		500.2		241.4		13.8		(755.4)		—
Deferred charges and other		168.8		0.9		40.8		(175.9)		34.6
Goodwill		912.1		1,154.5		413.1		—		2,479.7
Intangible assets, net		1,359.6		633.5		406.5		—		2,399.6
Investments in subsidiaries		3,433.9		1,206.7		(2.9)		(4,637.7)		—
Total assets	$	7,245.9	$	4,466.3	$	2,021.9	$	(6,605.5)	$	7,128.6
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	23.0	$	0.4	$	18.9	$	—	$	42.3
Accounts payable		195.5		75.0		203.0		—		473.5
Intercompany accounts payable		1,012.2		—		12.8		(1,025.0)		—
Accrued wages and salaries		48.3		4.6		41.6		—		94.5
Accrued interest		42.0		—		—		—		42.0
Other current liabilities		77.5		15.6		97.0		(3.0)		187.1
Total current liabilities		1,398.5		95.6		373.3		(1,028.0)		839.4
Long-term debt, net of current portion		3,794.9		14.6		30.7		—		3,840.2
Long-term intercompany debt		14.3		476.7		250.1		(741.1)		—
Deferred income taxes		203.3		444.1		89.9		(181.7)		555.6
Other long-term liabilities		33.2		1.4		71.2		—		105.8
Total liabilities		5,444.2		1,032.4		815.2		(1,950.8)		5,341.0
Shareholder's equity:
Other equity		2,055.9		151.7		(955.0)		739.0		1,991.6
Accumulated (deficit) earnings		(58.2)		3,457.8		2,282.9		(5,740.8)		(58.3)
Accumulated other comprehensive (loss) income		(196.0)		(175.6)		(171.0)		347.1		(195.5)
Total shareholder's equity		1,801.7		3,433.9		1,156.9		(4,654.7)		1,737.8
Non-controlling interest		—		—		49.8		—		49.8
Total equity		1,801.7		3,433.9		1,206.7		(4,654.7)		1,787.6
Total liabilities and equity	$	7,245.9	$	4,466.3	$	2,021.9	$	(6,605.5)	$	7,128.6

Statement of Financial Position			Guarantor		Nonguarantor
As of September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	13.0	$	8.6	$	226.3	$	—	$	247.9
Trade receivables, net		175.8		94.9		228.1		—		498.8
Intercompany receivables		152.0		713.8		225.0		(1,090.8)		—
Other receivables		14.3		11.2		62.4		—		87.9
Inventories		410.3		95.7		291.8		(17.0)		780.8
Prepaid expenses and other		36.1		2.2		33.0		0.8		72.1
Total current assets		801.5		926.4		1,066.6		(1,107.0)		1,687.5
Property, plant and equipment, net		235.2		60.7		211.2		—		507.1
Long-term intercompany receivables		2.8		357.7		15.4		(375.9)		—
Deferred charges and other		154.8		14.1		35.3		(162.1)		42.1
Goodwill		910.7		1,154.0		412.0		—		2,476.7
Intangible assets, net		1,402.4		646.6		431.3		—		2,480.3
Investments in subsidiaries		3,150.1		1,095.9		(2.9)		(4,243.1)		—
Total assets	$	6,657.5	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,193.7
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	53.4	$	—	$	15.1	$	—	$	68.5
Accounts payable		281.1		45.9		293.6		—		620.6
Intercompany accounts payable		449.4		—		28.5		(477.9)		—
Accrued wages and salaries		40.3		10.0		46.2		—		96.5
Accrued interest		63.2		—		0.1		—		63.3
Other current liabilities		84.5		21.5		106.0		(0.1)		211.9
Total current liabilities		971.9		77.4		489.5		(478.0)		1,060.8
Long-term debt, net of current portion		3,848.8		—		23.3		—		3,872.1
Long-term intercompany debt		16.8		578.7		392.6		(988.1)		—
Deferred income taxes		202.1		440.5		94.2		(164.3)		572.5
Other long-term liabilities		33.3		8.8		73.4		—		115.5
Total liabilities		5,072.9		1,105.4		1,073.0		(1,630.4)		5,620.9
Shareholder's equity:
Other equity		1,981.7		1,129.2		34.7		(1,175.7)		1,969.9
Accumulated (deficit) earnings		(246.7)		2,139.8		1,176.1		(3,315.9)		(246.7)
Accumulated other comprehensive (loss) income		(200.2)		(175.1)		(171.0)		346.2		(200.1)
Total shareholder's equity		1,534.8		3,093.9		1,039.8		(4,145.4)		1,523.1
Non-controlling interest		49.8		56.1		56.1		(112.3)		49.7
Total equity		1,584.6		3,150.0		1,095.9		(4,257.7)		1,572.8
Total liabilities and equity	$	6,657.5	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,193.7

Statement of Operations			Guarantor		Nonguarantor
Three month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	615.6	$	567.6	$	615.7	$	(437.4)	$	1,361.5
Cost of goods sold		412.2		392.9		460.0		(434.3)		830.8
Restructuring and related charges		—		—		0.1				0.1
Gross profit		203.4		174.7		155.6		(3.1)		530.6
Selling		77.5		40.3		84.0		(0.1)		201.7
General and administrative		53.1		18.7		21.0		—		92.8
Research and development		9.1		1.6		3.9		—		14.6
Acquisition and integration related charges		4.4		0.3		3.3		—		8.0
Restructuring and related charges		0.6		3.7		1.1		—		5.4
Total operating expense		144.7		64.6		113.3		(0.1)		322.5
Operating income (loss)		58.7		110.1		42.3		(3.0)		208.1
Interest expense		50.7		5.1		4.1		—		59.9
Other non-operating (income) expense, net		(129.9)		(24.6)		2.3		154.4		2.2
Income from operations before income taxes		137.9		129.6		35.9		(157.4)		146.0
Income tax expense (benefit)		32.7		(0.5)		8.1		0.5		40.8
Net income (loss)		105.2		130.1		27.8		(157.9)		105.2
Net income attributable to non-controlling interest		—		—		0.1		—		0.1
Net income (loss) attributable to controlling interest	$	105.2	$	130.1	$	27.7	$	(157.9)	$	105.1

Statement of Operations			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,821.9	$	1,167.8	$	1,956.8	$	(1,156.5)	$	3,790.0
Cost of goods sold		1,241.8		805.8		1,457.6		(1,149.7)		2,355.5
Restructuring and related charges		—		—		0.4		—		0.4
Gross profit		580.1		362.0		498.8		(6.8)		1,434.1
Selling		234.0		91.2		254.1		(1.0)		578.3
General and administrative		160.5		51.5		59.8		(0.1)		271.7
Research and development		27.2		4.4		11.3				42.9
Acquisition and integration related charges		18.0		3.5		9.7				31.2
Restructuring and related charges		1.9		4.0		1.9				7.8
Total operating expense		441.6		154.6		336.8		(1.1)		931.9
Operating income (loss)		138.5		207.4		162.0		(5.7)		502.2
Interest expense		147.0		15.6		13.1		0.1		175.8
Other non-operating (income) expense, net		(282.7)		(116.7)		6.4		399.5		6.5
Income from operations before income taxes		274.2		308.5		142.5		(405.3)		319.9
Income tax expense (benefit)		10.9		24.2		25.1		(3.6)		56.6
Net income (loss)		263.3		284.3		117.4		(401.7)		263.3
Net income attributable to non-controlling interest		—		—		0.3		—		0.3
Net income (loss) attributable to controlling interest	$	263.3	$	284.3	$	117.1	$	(401.7)	$	263.0

Statement of Operations			Guarantor		Nonguarantor
Three month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	577.7	$	324.1	$	605.0	$	(259.3)	$	1,247.5
Cost of goods sold		397.5		202.8		445.3		(256.1)		789.5
Restructuring and related charges		—		—		—		—		—
Gross profit		180.2		121.3		159.7		(3.2)		458.0
Selling		69.8		32.1		83.2		(0.3)		184.8
General and administrative		54.2		15.4		18.6		—		88.2
Research and development		8.3		1.0		3.6		—		12.9
Acquisition and integration related charges		21.9		0.4		1.9		—		24.2
Restructuring and related charges		22.7		0.2		(12.4)		—		10.5
Total operating expense		176.9		49.1		94.9		(0.3)		320.6
Operating income (loss)		3.3		72.2		64.8		(2.9)		137.4
Interest expense		99.4		2.7		10.8		—		112.9
Other non-operating (income) expense, net		(89.6)		(42.7)		1.0		133.0		1.7
Income from operations before income taxes		(6.5)		112.2		53.0		(135.9)		22.8
Income tax (benefit) expense		(53.1)		22.2		7.1		—		(23.8)
Net income (loss)		46.6		90.0		45.9		(135.9)		46.6
Net income (loss) attributable to non-controlling interest		—		0.1		0.1		(0.2)		—
Net income (loss) attributable to controlling interest	$	46.6	$	89.9	$	45.8	$	(135.7)	$	46.6

Statement of Operations			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,672.6	$	529.7	$	1,875.5	$	(695.5)	$	3,382.3
Cost of goods sold		1,163.9		328.9		1,375.2		(689.0)		2,179.0
Restructuring and related charges		—		—		0.4		—		0.4
Gross profit		508.7		200.8		499.9		(6.5)		1,202.9
Selling		206.3		63.8		248.2		(0.6)		517.7
General and administrative		156.0		30.8		51.3		—		238.1
Research and development		24.3		2.0		10.6		—		36.9
Acquisition and integration related charges		33.9		3.0		7.3		—		44.2
Restructuring and related charges		30.7		0.3		(9.1)		—		21.9
Total operating expense		451.2		99.9		308.3		(0.6)		858.8
Operating income (loss)		57.5		100.9		191.6		(5.9)		344.1
Interest expense		180.8		1.1		24.6		—		206.5
Other non-operating (income) expense, net		(175.6)		(114.0)		4.0		291.2		5.6
Income from operations before income taxes		52.3		213.8		163.0		(297.1)		132.0
Income tax (benefit) expense		(74.9)		44.3		36.2		(0.8)		4.8
Net income (loss)		127.2		169.5		126.8		(296.3)		127.2
Net income (loss) attributable to non-controlling interest		0.2		0.2		0.2		(0.4)		0.2
Net income (loss) attributable to controlling interest	$	127.0	$	169.3	$	126.6	$	(295.9)	$	127.0

Statement of Comprehensive Income			Guarantor		Nonguarantor
Three month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	105.2	$	130.1	$	27.8	$	(157.9)	$	105.2
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(13.7)		(13.7)		(13.7)		27.4		(13.7)
Unrealized gain (loss) on derivative instruments		7.8		6.7		6.7		(13.4)		7.8
Defined benefit pension gain (loss)		1.2		1.1		1.2		(2.3)		1.2
Other comprehensive (loss) income		(4.7)		(5.9)		(5.8)		11.7		(4.7)
Comprehensive income (loss)		100.5		124.2		22.0		(146.2)		100.5
Comprehensive income (loss) attributable to non-controlling interest		—		—		(0.2)		—		(0.2)
Comprehensive income (loss) attributable to controlling interest	$	100.5	$	124.2	$	22.2	$	(146.2)	$	100.7

Statement of Comprehensive Income			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	263.3	$	284.3	$	117.4	$	(401.7)	$	263.3
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(6.0)		(6.0)		(5.9)		11.9		(6.0)
Unrealized gain (loss) on derivative instruments		8.6		3.9		3.8		(7.7)		8.6
Defined benefit pension gain (loss)		1.7		1.7		1.6		(3.3)		1.7
Other comprehensive income (loss)		4.3		(0.4)		(0.5)		0.9		4.3
Comprehensive income (loss)		267.6		283.9		116.9		(400.8)		267.6
Comprehensive income (loss) attributable to non-controlling interest		—		—		(0.3)		—		(0.3)
Comprehensive income (loss) attributable to controlling interest	$	267.6	$	283.9	$	117.2	$	(400.8)	$	267.9

Statement of Comprehensive Income			Guarantor		Nonguarantor
Three month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	46.6	$	90.0	$	45.9	$	(135.9)	$	46.6
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		9.5		9.5		9.5		(19.0)		9.5
Unrealized (loss) gain on derivative instruments		(12.0)		(11.5)		(11.5)		23.0		(12.0)
Defined benefit pension (loss) gain		(0.6)		(0.6)		(0.6)		1.2		(0.6)
Other comprehensive (loss) income		(3.1)		(2.6)		(2.6)		5.2		(3.1)
Comprehensive income (loss)		43.5		87.4		43.3		(130.7)		43.5
Comprehensive income (loss) attributable to non-controlling interest		—		—		—		—		—
Comprehensive income (loss) attributable to controlling interest	$	43.5	$	87.4	$	43.3	$	(130.7)	$	43.5

Statement of Comprehensive Income			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	127.2	$	169.5	$	126.8	$	(296.3)	$	127.2
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(68.6)		(69.2)		(69.2)		138.4		(68.6)
Unrealized (loss) gain on derivative instruments		(8.6)		(5.8)		(5.8)		11.6		(8.6)
Defined benefit pension gain (loss)		2.8		2.8		2.8		(5.6)		2.8
Other comprehensive (loss) income		(74.4)		(72.2)		(72.2)		144.4		(74.4)
Comprehensive income (loss)		52.8		97.3		54.6		(151.9)		52.8
Comprehensive income (loss) attributable to non-controlling interest		0.2		0.2		0.2		(0.4)		0.2
Comprehensive income (loss) attributable to controlling interest	$	52.6	$	97.1	$	54.4	$	(151.5)	$	52.6

Statement of Cash Flows			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(272.0)	$	219.5	$	(99.8)	$	257.0	$	104.7
Cash flows from investing activities
Purchases of property, plant and equipment		(32.2)		(6.0)		(21.4)		—		(59.6)
Proceeds from sales of property, plant and equipment		0.1		—		0.7		—		0.8
Other investing activities		(0.6)		(1.3)		—		—		(1.9)
Net cash used by investing activities		(32.7)		(7.3)		(20.7)		—		(60.7)
Cash flows from financing activities
Proceeds from issuance of debt		217.8		—		—		—		217.8
Payment of debt		(310.0)		—		(1.7)		—		(311.7)
Payment of debt issuance costs		(1.6)		—		—		—		(1.6)
Payment of cash dividends to parent		(74.6)		—		—		—		(74.6)
Payment of contingent consideration		(3.2)		—		—		—		(3.2)
Advances related to intercompany transactions		467.2		(218.3)		8.1		(257.0)		—
Net cash provided (used) by financing activities		295.6		(218.3)		6.4		(257.0)		(173.3)
Effect of exchange rate changes on cash and cash equivalents		—		—		(1.7)		—		(1.7)
Net (decrease) in cash and cash equivalents		(9.1)		(6.1)		(115.8)		—		(131.0)
Cash and cash equivalents, beginning of period		13.0		8.6		226.3		—		247.9
Cash and cash equivalents, end of period	$	3.9	$	2.5	$	110.5	$	—	$	116.9

Statement of Cash Flows			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(544.1)	$	(355.9)	$	(1,358.3)	$	2,094.7	$	(163.6)
Cash flows from investing activities								—
Purchases of property, plant and equipment		(25.0)		(7.3)		(17.2)		—		(49.5)
Business acquisitions, net of cash acquired		(1,077.5)		—		(115.7)		—		(1,193.2)
Proceeds from sales of property, plant and equipment		0.1		—		1.2		—		1.3
Other investing activities		—		—		(0.9)		—		(0.9)
Net cash used by investing activities		(1,102.4)		(7.3)		(132.6)		—		(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt		3,177.0		—		—		—		3,177.0
Payment of debt		(1,989.8)		—		(292.1)		—		(2,281.9)
Payment of debt issuance costs		(37.3)		—		—		—		(37.3)
Payment of cash dividends to parent		(51.0)		—		—		—		(51.0)
Share based tax withholding payments, net of proceeds upon vesting		(1.9)		—		—		—		(1.9)
Advances related to intercompany transactions		18.9		369.0		1,706.8		(2,094.7)		—
Capital contribution from parent		528.3		—		—		—		528.3
Net cash provided (used) by financing activities		1,644.2		369.0		1,414.7		(2,094.7)		1,333.2
Effect of exchange rate changes on cash and cash equivalents		—		—		(13.0)		—		(13.0)
Net increase (decrease) in cash and cash equivalents		(2.3)		5.8		(89.2)		—		(85.7)
Cash and cash equivalents, beginning of period		4.8		11.2		176.9		—		192.9
Cash and cash equivalents, end of period	$	2.5	$	17.0	$	87.7	$	—	$	107.2

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Significant Accounting Policies (Policies)

9 Months Ended

Jul. 03, 2016

Significant Accounting Policies [Abstract]

New Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU provides for changes to the accounting for share-based payment awards issued to employees; primarily income taxes upon award vest or settlement, cash flow presentations of excess tax benefits and employee withheld taxes paid, as well as an entity forfeiture policy election. The ASU is effective for annual periods beginning after December 15, 2016, and interim period within those annual periods. Early adoption is permitted for any interim or annual period. The Company has elected to early adopt for the three month period ended July 3, 2016, effective as if adopted the first day of the fiscal year, October 1, 2015.

Under the new guidance, all excess tax benefits (“windfalls”) and deficiencies (“shortfalls”) related to employee stock compensation will be recognized within income tax expense. Under prior guidance, windfalls were recognized to additional paid-in capital and shortfalls were only recognized in the extent they exceed the pool of windfall tax benefits. As of September 30, 2015, there was $22.2 million of unrecognized deferred tax assets attributable to excess tax benefits that were not previously recognized as they did not reduce income taxes payable. The cumulative adjustment for the adoption did not have an impact on net equity as the incremental deferred tax assets are fully reserved by an incremental valuation allowance as of September 30, 2015. The adoption of the new standard impacted our previously reported quarterly results for the recognition of excess tax benefits in our provision for income taxes rather than paid in capital. Due to the valuation allowance on deferred taxes, there was no impact to our quarterly results for the three month period ended January 3, 2016. The following summarizes the impact to the three and six months periods ended April 3, 2016:

SBH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions, except per share)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense (benefit)	$	14.9	$	(17.4)	$	(2.5)	$	21.8	$	(17.4)	$	4.4
Net income		75.3		17.4		92.7		149.0		17.4		166.4
Net income attributable to controlling interest		75.2		17.4		92.6		148.8		17.4		166.2
Earnings Per Share
Basic earnings per share	$	1.27	$	0.29	$	1.56	$	2.51	$	0.29	$	2.80
Diluted earnings per share	$	1.26	$	0.29	$	1.55	$	2.50	$	0.29	$	2.79
SB/RH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense	$	19.4	$	(10.4)	$	9.0	$	26.3	$	(10.4)	$	15.9
Net income		72.2		10.4		82.6		147.7		10.4		158.1
Net income attributable to controlling interest		72.1		10.4		82.5		147.5		10.4		157.9

Further, as part of the adoption, the Company elected to account for forfeitures in compensation cost as they occur. The cumulative impact for the change in election was not material and was recognized in the three month period ended July 3, 2016.

In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires debt issuance costs related to a recognized debt liability to be presented on a balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. Current guidance generally requires entities to capitalize costs paid to third parties that are directly related to issuing debt and that otherwise wouldn’t be incurred, and present those amounts separately as deferred charges. During the three month period ended January 3, 2016, the Company retrospectively applied the adoption of this ASU, resulting in a reclassification of $65.1 million of debt issuance costs as of September 30, 2015.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) – Balance Sheet Classification of Deferred Taxes. The ASU simplifies the presentation of deferred tax assets and liabilities to be classified as noncurrent on a balance sheet. Current guidance requires an entity to separate deferred income tax assets and liabilities into current and noncurrent amounts. The new guidance requires all deferred tax assets and liabilities to be presented as noncurrent as the separate current classification results in little to no benefit to users of the financial statements because the classification does not generally align with the time period in which the recognized deferred tax amounts are expected to be recovered or settled. During the three month period ended January 3, 2016, the Company retrospectively applied the adoption of this ASU, resulting in a reclassification of $44.7 million of current deferred tax assets and $4.6 million of current deferred tax liabilities as of September 30, 2015.

The following is a summary of the reclassifications from the retrospective adoption of ASU 2015-03 and ASU 2015-17 discussed above, as of September 30, 2015 for SBH and SB/RH, respectively:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Statement of Financial Position (in millions)	As Reported		Reclassification		As Reclassified		As Reported		Reclassification		As Reclassified
Prepaid expenses and other current assets	$	116.8	$	(44.7)	$	72.1	$	116.8	$	(44.7)	$	72.1
Deferred charges and other		101.7		(59.5)		42.2		101.6		(59.5)		42.1
Other current liabilities		(217.3)		4.6		(212.7)		(216.5)		4.6		(211.9)
Long-term debt, net of current portion		(3,937.2)		65.1		(3,872.1)		(3,937.2)		65.1		(3,872.1)
Deferred taxes (noncurrent liability)		(607.0)		34.5		(572.5)		(607.0)		34.5		(572.5)

In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The ASU simplifies the presentation of provisional amounts recognized in a business combination during the measurement period (one year from the date of acquisition). Current guidance requires retrospective adjustment of prior periods; the new guidance eliminates this requirement. The Company applied the adoption of this ASU effective the first day of the year ending September 30, 2016 and all subsequent measurement period adjustments are recorded in the period identified, resulting in the recognition of adjustments to goodwill from the Armored AutoGroup (“AAG”) acquisition. See Note 8 “Goodwill and Intangible Assets”,for adjustments to goodwill.

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Significant Accounting Policies (Tables)

9 Months Ended

Jul. 03, 2016

Significant Accounting Policies [Abstract]

Summary Of Reclassification From Retrospective Adoption Of ASU 2016-09

SBH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions, except per share)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense (benefit)	$	14.9	$	(17.4)	$	(2.5)	$	21.8	$	(17.4)	$	4.4
Net income		75.3		17.4		92.7		149.0		17.4		166.4
Net income attributable to controlling interest		75.2		17.4		92.6		148.8		17.4		166.2
Earnings Per Share
Basic earnings per share	$	1.27	$	0.29	$	1.56	$	2.51	$	0.29	$	2.80
Diluted earnings per share	$	1.26	$	0.29	$	1.55	$	2.50	$	0.29	$	2.79
SB/RH Statements of Operations	Three Month Period Ended April 3, 2016						Six Month Period Ended April 3, 2016
(in millions)	As Reported		Adjustment		As Adjusted		As Reported		Adjustment		As Adjusted
Income tax expense	$	19.4	$	(10.4)	$	9.0	$	26.3	$	(10.4)	$	15.9
Net income		72.2		10.4		82.6		147.7		10.4		158.1
Net income attributable to controlling interest		72.1		10.4		82.5		147.5		10.4		157.9

Summary Of Reclassifications From Retrospective Adoption Of ASU 2015-17

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Statement of Financial Position (in millions)	As Reported		Reclassification		As Reclassified		As Reported		Reclassification		As Reclassified
Prepaid expenses and other current assets	$	116.8	$	(44.7)	$	72.1	$	116.8	$	(44.7)	$	72.1
Deferred charges and other		101.7		(59.5)		42.2		101.6		(59.5)		42.1
Other current liabilities		(217.3)		4.6		(212.7)		(216.5)		4.6		(211.9)
Long-term debt, net of current portion		(3,937.2)		65.1		(3,872.1)		(3,937.2)		65.1		(3,872.1)
Deferred taxes (noncurrent liability)		(607.0)		34.5		(572.5)		(607.0)		34.5		(572.5)

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Acquisitions (Tables)

9 Months Ended

Jul. 03, 2016

Acquisitions [Abstract]

Summary Of Acquisition And Integration Related Charges

	Three Months Ended				Nine Months Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Armored AutoGroup	$	2.6	$	17.8	$	13.2	$	17.8
HHI Business		4.4		2.1		12.0		8.3
European IAMS and Eukanuba		0.4		1.0		2.4		6.0
Salix		0.2		3.3		1.7		8.4
Other		0.4		—		1.9		3.7
Total acquisition and integration related charges	$	8.0	$	24.2	$	31.2	$	44.2

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Restructuring And Related Charges (Tables)

9 Months Ended

Jul. 03, 2016

Restructuring And Related Charges [Abstract]

Summary Of Restructuring And Related Charges

	Three Months Ended				Nine Months Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
HHI business rationalization initiatives	$	—	$	6.3	$	(0.5)	$	7.7
GAC business rationalization initiatives		3.6		—		3.6		—
Global expense rationalization initiatives		1.1		3.9		3.3		13.9
Other restructuring activities		0.8		0.3		1.8		0.7
Total restructuring and related charges	$	5.5	$	10.5	$	8.2	$	22.3
Reported as:
Cost of goods sold	$	0.1	$	—	$	0.4	$	0.4
Operating expense		5.4		10.5		7.8		21.9

Summary Of Costs Incurred By Cost Type

	Termination		Other
(in millions)	Benefits		Costs		Total
For the three month period ended July 3, 2016		1.3		4.2		5.5
For the three month period ended June 28, 2015		(1.9)		12.4		10.5
For the nine month period ended July 3, 2016		3.0		5.2		8.2
For the nine month period ended June 28, 2015		6.0		16.3		22.3
Cumulative costs through July 3, 2016		31.1		33.7		64.8

Rollforward Of Restructuring Accrual

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2015		4.3		3.9		8.2
Provisions		3.0		5.2		8.2
Cash expenditures		(5.6)		(7.5)		(13.1)
Non-cash items		0.1		(0.2)		(0.1)
Accrual balance at July 3, 2016	$	1.8	$	1.4	$	3.2

Summary Of Costs Incurred By Reporting Segment

	Global				Hardware
	Batteries &		Global Pet		& Home		Global
(in millions)	Appliances		Supplies		Improvement		Auto Care		Corporate		Total
For the three month period ended July 3, 2016	$	0.6	$	0.6	$	0.7		3.6	$	—	$	5.5
For the three month period ended June 28, 2015		1.0		3.2		6.3		—		—		10.5
For the nine month period ended July 3, 2016		1.0		2.4		1.2		3.6		—		8.2
For the nine month period ended June 28, 2015		6.4		7.8		7.8		—		0.3		22.3
Cumulative costs through July 3, 2016		30.2		12.9		16.0		3.6		2.1		64.8
Future costs to be incurred		0.5		2.2		0.3		11.5		0.1		14.6

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Inventories (Tables)

9 Months Ended

Jul. 03, 2016

Inventories [Abstract]

Schedule Of Inventories

(in millions)	July 3, 2016		September 30, 2015
Raw materials	$	143.1	$	132.4
Work-in-process		59.8		37.9
Finished goods		639.4		610.5
	$	842.3	$	780.8

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Property, Plant And Equipment (Tables)

9 Months Ended

Jul. 03, 2016

Property, Plant And Equipment [Abstract]

Schedule Of Property, Plant And Equipment

(in millions)	July 3, 2016		September 30, 2015
Land, buildings and improvements	$	193.5	$	190.9
Machinery, equipment and other		525.9		491.9
Capitalized leases		121.7		97.3
Construction in progress		59.5		51.8
Property, plant and equipment	$	900.6	$	831.9
Accumulated depreciation		(377.4)		(324.8)
Property, plant and equipment, net	$	523.2	$	507.1

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Goodwill And Intangible Assets (Tables)

9 Months Ended

Jul. 03, 2016

Goodwill And Intangible Assets [Abstract]

Changes In The Carrying Amount Of Goodwill By Reporting Segment

	Global		Hardware &
	Batteries &		Home		Global Pet		Home and		Global
(in millions)	Appliances		Improvement		Supplies		Garden		Auto Care		Total
Balance, as of September 30, 2015		348.5		699.5		299.6		196.5		932.6		2,476.7
Adjustments		—		—		—		—		3.4		3.4
Foreign currency impact		(2.8)		3.6		0.1		—		(1.3)		(0.4)
Balance, as of July 3, 2016	$	345.7	$	703.1	$	299.7	$	196.5	$	934.7	$	2,479.7

Schedule Of Carrying Value And Accumulated Amortization For Intangible Assets

	July 3, 2016						September 30, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	984.0	$	(288.7)	$	695.3	$	985.2	$	(247.4)	$	737.8
Technology assets		236.3		(91.0)		145.3		238.6		(78.1)		160.5
Tradenames		165.4		(85.3)		80.1		165.4		(73.7)		91.7
Total	$	1,385.7	$	(465.0)	$	920.7	$	1,389.2	$	(399.2)	$	990.0

Schedule Of Range And Weighted Average Useful Lives For Definite-Lived Intangible Assets

Asset Type	Range	Weighted Average
Customer relationships	2 - 20 years	18.5 years
Technology assets	4 - 18 years	11.1 years
Tradenames	8 - 17 years	16.2 years

Schedule Of Future Amortization Expense

(in millions)	Amortization
2016	$	93.9
2017		93.0
2018		86.2
2019		85.1
2020		84.9

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Debt (Tables)

9 Months Ended

Jul. 03, 2016

Debt [Abstract]

Schedule Of Debt

	Spectrum Brands Holdings, Inc.								SB/RH Holdings, LLC
	July 3, 2016				September 30, 2015				July 3, 2016				September 30, 2015
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Term Loan, variable rate, due June 23, 2022	$	1,103.1	3.6	%	$	1,226.9	3.9	%	$	1,103.1	3.6	%	$	1,226.9	3.9	%
CAD Term Loan, variable rate, due June 23, 2022		57.4	4.6	%		55.7	4.4	%		57.4	4.6	%		55.7	4.4	%
Euro Term Loan, variable rate, due June 23, 2022		116.7	3.5	%		255.8	3.5	%		116.7	3.5	%		255.8	3.5	%
5.75% Notes, due July 15, 2025		1,000.0	5.8	%		1,000.0	5.8	%		1,000.0	5.8	%		1,000.0	5.8	%
6.125% Notes, due December 15, 2024		250.0	6.1	%		250.0	6.1	%		250.0	6.1	%		250.0	6.1	%
6.375% Notes, due November 15, 2020		520.0	6.4	%		520.0	6.4	%		520.0	6.4	%		520.0	6.4	%
6.625% Notes, due November 15, 2022		570.0	6.6	%		570.0	6.6	%		570.0	6.6	%		570.0	6.6	%
Revolver Facility, variable rate, expiring June 23, 2020		198.5	3.6	%		—	—	%		198.5	3.6	%		—	—	%
Other notes and obligations		15.4	11.9	%		11.2	10.2	%		22.4	8.1	%		45.9	4.9	%
Obligations under capital leases		107.9	5.5	%		88.2	5.7	%		107.9	5.5	%		88.2	5.7	%
Total debt		3,939.0				3,977.8				3,946.0				4,012.5
Unamortized discount on debt		(5.3)				(6.8)				(5.3)				(6.8)
Debt issuance costs		(58.2)				(65.1)				(58.2)				(65.1)
Less current portion		(35.3)				(33.8)				(42.3)				(68.5)
Long-term debt, net of current portion	$	3,840.2			$	3,872.1			$	3,840.2			$	3,872.1

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Derivatives (Tables)

9 Months Ended

Jul. 03, 2016

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Interest Rate Swap Derivative Financial Instruments

	July 3, 2016				September 30, 2015
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		0.8	$	300.0		1.5

Schedule Of Fair Value Of Outstanding Derivative Contracts

(in millions)	Line Item	July 3, 2016		September 30, 2015
Derivative Assets
Commodity swaps - designated as hedge	Receivables—Other	$	1.3	$	—
Commodity swaps - designated as hedge	Deferred charges and other		0.3		—
Foreign exchange contracts - designated as hedge	Receivables—Other		6.6	$	5.2
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.6		0.4
Foreign exchange contracts - not designated as hedge	Receivables—Other		0.4		0.4
Total Derivative Assets		$	9.2	$	6.0
Derivative Liabilities
Interest rate swaps - designated as hedge	Other current liabilities	$	1.3	$	1.4
Interest rate swaps - designated as hedge	Accrued interest		0.5		0.4
Interest rate swaps - designated as hedge	Other long-term liabilities		—		0.8
Commodity swaps - designated as hedge	Accounts payable		0.4		4.7
Commodity swaps - designated as hedge	Other long-term liabilities		—		0.8
Commodity swaps - not designated as hedge	Accounts payable		—		0.1
Foreign exchange contracts - designated as hedge	Accounts payable		1.7		1.5
Foreign exchange contracts - designated as hedge	Other long-term liabilities		0.1		—
Foreign exchange contracts - not designated as hedge	Accounts payable		0.6		0.1
Total Derivative Liabilities		$	4.6	$	9.8

Summary Of Impact Of Effective And Ineffective Portions Of Cash Flow Hedges And Gain (Loss) Realized

	Effective Portion
For the three months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
July 3, 2016 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.2)	Interest expense	$	(0.5)	Interest expense	$	—
Commodity swaps		2.0	Cost of goods sold		(0.8)	Cost of goods sold		0.1
Foreign exchange contracts		(0.3)	Net sales		—	Net sales		—
Foreign exchange contracts		8.0	Cost of goods sold		0.1	Cost of goods sold		—
Total	$	9.5		$	(1.2)		$	0.1
	Effective Portion
For the three months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
June 28, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.5)	Interest expense	$	(0.5)	Interest expense	$	—
Commodity swaps		(0.7)	Cost of goods sold		—	Cost of goods sold		—
Foreign exchange contracts		0.2	Net sales		—	Net sales		—
Foreign exchange contracts		(6.8)	Cost of goods sold		8.6	Cost of goods sold		—
Total	$	(7.8)		$	8.1		$	—
	Effective Portion
For the nine months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
July 3, 2016 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(0.5)	Interest expense	$	(1.4)	Interest expense	$	—
Commodity swaps		2.9	Cost of goods sold		(3.8)	Cost of goods sold		0.1
Foreign exchange contracts		(0.4)	Net sales		—	Net sales		—
Foreign exchange contracts		6.8	Cost of goods sold		5.0	Cost of goods sold		—
Total	$	8.8		$	(0.2)		$	0.1
	Effective Portion
For the nine months ended	Gain (Loss)		Reclassified to Earnings			Ineffective portion
June 28, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(2.4)	Interest expense	$	(1.4)	Interest expense	$	—
Commodity swaps		(2.4)	Cost of goods sold		0.3	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		—	Net sales		—
Foreign exchange contracts		14.0	Cost of goods sold		21.0	Cost of goods sold		—
Total	$	9.3		$	19.9		$	—

Summary Of Loss Associated With Derivative Contracts Not Designated As Hedges

		Three Months Ended				Nine Months Ended
(in millions)	Line Item	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Foreign exchange contracts	Other non-operating expenses, net	$	0.8	$	5.0	$	1.6	$	(2.4)

Cash Flow Hedging [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Commodity Swap Contracts Outstanding

	July 3, 2016				September 30, 2015
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Zinc swap contracts		7.2 Tons	$	13.6		10.8 Tons	$	22.2
Brass swap contracts		1.0 Tons	$	4.3		1.8 Tons	$	8.5

Fair Value Hedging [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Commodity Swap Contracts Outstanding

	July 3, 2016				September 30, 2015
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Silver		5.0 troy oz.	$	0.1		25.0 troy oz.	$	0.4

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Fair Value Of Financial Instruments (Tables)

9 Months Ended

Jul. 03, 2016

Fair Value Of Financial Instruments [Abstract]

Fair Values Of Derivative Instruments

	July 3, 2016				September 30, 2015
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Derivative Assets	$	9.2	$	9.2	$	6.0	$	6.0
Derivative Liabilities	$	4.6	$	4.6	$	9.8	$	9.8

Carrying Values And Fair Values For Debt

	July 3, 2016				September 30, 2015
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Total debt - Spectrum Brands Holdings, Inc.	$	3,875.5	$	4,045.2	$	3,905.9	$	4,085.8
Total debt - SB/RH Holdings, LLC	$	3,882.5	$	4,052.3	$	3,940.6	$	4,120.5

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Employee Benefit Plans (Tables)

9 Months Ended

Jul. 03, 2016

Employee Benefit Plans [Abstract]

Components Of Net Periodic Benefit Cost

	U.S. Plans				Non U.S. Plans
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Three month period ended
Service cost	$	0.1	$	0.1	$	0.7	$	0.7
Interest cost		0.7		0.8		1.5		1.6
Expected return on assets		(1.1)		(1.1)		(1.2)		(1.3)
Recognized net actuarial loss		0.1		—		0.4		0.3
Net periodic benefit cost	$	(0.2)	$	(0.2)	$	1.4	$	1.3
Nine month period ended
Service cost	$	0.2	$	0.3	$	2.0	$	2.1
Interest cost		2.2		2.4		4.6		4.9
Expected return on assets		(3.3)		(3.3)		(3.6)		(4.2)
Recognized net actuarial loss		0.4		0.1		1.3		1.0
Net periodic benefit cost	$	(0.5)	$	(0.5)	$	4.3	$	3.8
Weighted average assumptions
Discount rate	4.25%		4.15%		1.75 - 13.81%		2.00 - 13.50%
Expected return on plan assets	7.25%		7.50%		1.75 - 4.53%		2.00 - 5.26%
Rate of compensation increase	N/A		N/A		2.25 - 5.50%		2.25 - 5.50%

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Share Based Compensation (Tables)

9 Months Ended

Jul. 03, 2016

Share Based Compensation [Abstract]

Summary Of Non-Vested RSUs Activity

	Spectrum Brands Holdings, Inc.					SB/RH Holdings, LLC
		Weighted		Fair			Weighted		Fair
		Average		Value			Average		Value
		Grant Date		at Grant			Grant Date		at Grant
(in millions, except per share data)	Shares	Fair Value		Date		Shares	Fair Value		Date
Non-vested RSUs at September 30, 2015	0.6		87.50	$	53.2	0.5		87.71	$	42.1
Granted	0.6		94.78		55.7	0.6		94.90		53.9
Forfeited	(0.2)		94.75		(14.8)	(0.2)		94.75		(14.8)
Vested	(0.5)		86.81		(47.3)	(0.5)		86.60		(43.8)
Non-vested RSUs at July 3, 2016	0.5		94.63	$	46.8	0.4		96.90	$	37.4

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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Jul. 03, 2016

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule Of Accumulated Other Comprehensive Income (Loss)

	Foreign				Employee
	Currency		Derivative		Benefit
(in millions)	Translation		Hedging		Plans		Total
Accumulated other comprehensive loss, as of September 30, 2015		(152.3)		(4.0)		(43.8)		(200.1)
Other comprehensive (loss) income before reclassification		(6.0)		8.8		0.4		3.2
Amounts reclassified from accumulated other comprehensive income (loss)		-		0.2		1.8		2.0
Other comprehensive (loss) income, nine month period ended July 3, 2016		(6.0)		9.0		2.2		5.2
Deferred tax effect		-		(1.4)		(0.5)		(1.9)
Deferred tax valuation allowance		-		1.0		-		1.0
Other comprehensive income, net of tax		(6.0)		8.6		1.7		4.3
Other comprehensive loss attributable to non-controlling interest		(0.3)		-		-		(0.3)
Other comprehensive income attributable to controlling interest		(5.7)		8.6		1.7		4.6
Accumulated other comprehensive (loss) income, as of July 3, 2016	$	(158.0)	$	4.6	$	(42.1)	$	(195.5)

Schedule Of Reclassified From AOCL Associated With Employee Benefit Plan Costs

	Three Month Period Ended				Nine Month Period Ended
(in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Cost of goods sold	$	0.4	$	0.2	$	1.1	$	0.5
Selling expenses		—		—		0.2		0.2
General and administrative expenses		0.2		0.1		0.5		0.4
Amounts reclassified from accumulated other comprehensive income	$	0.6	$	0.3	$	1.8	$	1.1

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Segment Information (Tables)

9 Months Ended

Jul. 03, 2016

Segment Information [Abstract]

Net Sales Relating To Segments

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Three month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Consumer batteries	$	187.2	$	178.3	$	187.2	$	178.3
Small appliances		151.1		161.3		151.1		161.3
Personal care		115.8		119.4		115.8		119.4
Global Batteries & Appliances		454.1		459.0		454.1		459.0
Hardware & Home Improvement		328.5		313.5		328.5		313.5
Global Pet Supplies		207.1		208.3		207.1		208.3
Home and Garden		212.0		202.3		212.0		202.3
Global Auto Care		159.8		64.4		159.8		64.4
Net sales	$	1,361.5	$	1,247.5	$	1,361.5	$	1,247.5
	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Nine month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Consumer batteries	$	618.0	$	600.3	$	618.0	$	600.3
Small appliances		479.3		536.7		479.3		536.7
Personal care		393.0		402.3		393.0		402.3
Global Batteries & Appliances		1,490.3		1,539.3		1,490.3		1,539.3
Hardware & Home Improvement		912.9		874.1		912.9		874.1
Global Pet Supplies		619.0		538.8		619.0		538.8
Home and Garden		414.7		365.7		414.7		365.7
Global Auto Care		353.1		64.4		353.1		64.4
Net sales	$	3,790.0	$	3,382.3	$	3,790.0	$	3,382.3

Segment Profit Relating To Segments

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Three month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Global Batteries & Appliances	$	64.3	$	60.1	$	64.3	$	60.1
Hardware & Home Improvement		65.2		62.6		65.2		62.6
Global Pet Supplies		37.7		38.4		37.7		38.4
Home and Garden		67.0		62.4		67.0		62.4
Global Auto Care		54.2		19.2		54.2		19.2
Total Segment Adjusted EBITDA		288.4		242.7		288.4		242.7
Depreciation and amortization		45.3		43.8		45.3		43.8
Share-based compensation		15.9		16.9		14.6		15.2
Corporate expenses		9.2		6.5		9.1		6.5
Purchase accounting inventory adjustment		—		4.7		—		4.7
Acquisition and integration related charges		8.0		24.2		8.0		24.2
Restructuring and related charges		5.5		10.5		5.5		10.5
Interest expense		59.9		112.9		59.9		112.9
Other		—		2.1		—		2.1
Income from operations before income taxes	$	144.6	$	21.1	$	146.0	$	22.8
	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Nine month periods ended (in millions)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Global Batteries & Appliances	$	228.1	$	229.2	$	228.1	$	229.2
Hardware & Home Improvement		172.5		160.2		172.5		160.2
Global Pet Supplies		98.3		82.4		98.3		82.4
Home and Garden		118.3		100.0		118.3		100.0
Global Auto Care		122.0		19.2		122.0		19.2
Total Segment Adjusted EBITDA		739.2		591.0		739.2		591.0
Depreciation and amortization		136.7		122.7		136.7		122.7
Share-based compensation		47.4		36.3		43.4		32.2
Corporate expenses		23.3		19.8		22.9		19.5
Purchase accounting inventory adjustment		—		7.7		—		7.7
Acquisition and integration related charges		31.2		44.2		31.2		44.2
Restructuring and related charges		8.2		22.3		8.2		22.3
Interest expense		175.8		206.5		175.8		206.5
Other		1.2		3.9		1.1		3.9
Income from operations before income taxes	$	315.4	$	127.6	$	319.9	$	132.0

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Earnings Per Share - SBH (Tables)

9 Months Ended

Jul. 03, 2016

Earnings Per Share - SBH [Abstract]

Schedule Of Earnings Per Share

	Three Month Periods Ended				Nine Month Periods Ended
(in millions, except per share amounts)	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
Numerator
Net income attributable to controlling interest	$	101.9	$	44.9	$	268.2	$	122.5
Denominator
Weighted average shares outstanding - basic		59.4		56.5		59.3		54.2
Dilutive shares		0.2		—		0.2		0.1
Weighted average shares outstanding - diluted		59.6		56.5		59.5		54.3
Earnings per share
Basic earnings per share	$	1.72	$	0.79	$	4.52	$	2.26
Diluted earnings per share	$	1.71	$	0.79	$	4.51	$	2.26
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units		0.3		0.3		0.3		0.3

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Guarantor Statements - SB/RH (Tables)

9 Months Ended

Jul. 03, 2016

Guarantor Statements - SB/RH [Abstract]

Statement Of Financial Position

Statement of Financial Position			Guarantor		Nonguarantor
As of July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	3.9	$	2.5	$	110.5	$	—	$	116.9
Trade receivables, net		183.2		211.9		193.8		—		588.9
Intercompany receivables		—		795.3		215.4		(1,010.7)		—
Other receivables		—		8.1		56.1		(3.0)		61.2
Inventories		406.4		132.2		326.5		(22.8)		842.3
Prepaid expenses and other		43.3		4.8		34.1		—		82.2
Total current assets		636.8		1,154.8		936.4		(1,036.5)		1,691.5
Property, plant and equipment, net		234.5		74.5		214.2		—		523.2
Long-term intercompany receivables		500.2		241.4		13.8		(755.4)		—
Deferred charges and other		168.8		0.9		40.8		(175.9)		34.6
Goodwill		912.1		1,154.5		413.1		—		2,479.7
Intangible assets, net		1,359.6		633.5		406.5		—		2,399.6
Investments in subsidiaries		3,433.9		1,206.7		(2.9)		(4,637.7)		—
Total assets	$	7,245.9	$	4,466.3	$	2,021.9	$	(6,605.5)	$	7,128.6
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	23.0	$	0.4	$	18.9	$	—	$	42.3
Accounts payable		195.5		75.0		203.0		—		473.5
Intercompany accounts payable		1,012.2		—		12.8		(1,025.0)		—
Accrued wages and salaries		48.3		4.6		41.6		—		94.5
Accrued interest		42.0		—		—		—		42.0
Other current liabilities		77.5		15.6		97.0		(3.0)		187.1
Total current liabilities		1,398.5		95.6		373.3		(1,028.0)		839.4
Long-term debt, net of current portion		3,794.9		14.6		30.7		—		3,840.2
Long-term intercompany debt		14.3		476.7		250.1		(741.1)		—
Deferred income taxes		203.3		444.1		89.9		(181.7)		555.6
Other long-term liabilities		33.2		1.4		71.2		—		105.8
Total liabilities		5,444.2		1,032.4		815.2		(1,950.8)		5,341.0
Shareholder's equity:
Other equity		2,055.9		151.7		(955.0)		739.0		1,991.6
Accumulated (deficit) earnings		(58.2)		3,457.8		2,282.9		(5,740.8)		(58.3)
Accumulated other comprehensive (loss) income		(196.0)		(175.6)		(171.0)		347.1		(195.5)
Total shareholder's equity		1,801.7		3,433.9		1,156.9		(4,654.7)		1,737.8
Non-controlling interest		—		—		49.8		—		49.8
Total equity		1,801.7		3,433.9		1,206.7		(4,654.7)		1,787.6
Total liabilities and equity	$	7,245.9	$	4,466.3	$	2,021.9	$	(6,605.5)	$	7,128.6

Statement of Financial Position			Guarantor		Nonguarantor
As of September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	13.0	$	8.6	$	226.3	$	—	$	247.9
Trade receivables, net		175.8		94.9		228.1		—		498.8
Intercompany receivables		152.0		713.8		225.0		(1,090.8)		—
Other receivables		14.3		11.2		62.4		—		87.9
Inventories		410.3		95.7		291.8		(17.0)		780.8
Prepaid expenses and other		36.1		2.2		33.0		0.8		72.1
Total current assets		801.5		926.4		1,066.6		(1,107.0)		1,687.5
Property, plant and equipment, net		235.2		60.7		211.2		—		507.1
Long-term intercompany receivables		2.8		357.7		15.4		(375.9)		—
Deferred charges and other		154.8		14.1		35.3		(162.1)		42.1
Goodwill		910.7		1,154.0		412.0		—		2,476.7
Intangible assets, net		1,402.4		646.6		431.3		—		2,480.3
Investments in subsidiaries		3,150.1		1,095.9		(2.9)		(4,243.1)		—
Total assets	$	6,657.5	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,193.7
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	53.4	$	—	$	15.1	$	—	$	68.5
Accounts payable		281.1		45.9		293.6		—		620.6
Intercompany accounts payable		449.4		—		28.5		(477.9)		—
Accrued wages and salaries		40.3		10.0		46.2		—		96.5
Accrued interest		63.2		—		0.1		—		63.3
Other current liabilities		84.5		21.5		106.0		(0.1)		211.9
Total current liabilities		971.9		77.4		489.5		(478.0)		1,060.8
Long-term debt, net of current portion		3,848.8		—		23.3		—		3,872.1
Long-term intercompany debt		16.8		578.7		392.6		(988.1)		—
Deferred income taxes		202.1		440.5		94.2		(164.3)		572.5
Other long-term liabilities		33.3		8.8		73.4		—		115.5
Total liabilities		5,072.9		1,105.4		1,073.0		(1,630.4)		5,620.9
Shareholder's equity:
Other equity		1,981.7		1,129.2		34.7		(1,175.7)		1,969.9
Accumulated (deficit) earnings		(246.7)		2,139.8		1,176.1		(3,315.9)		(246.7)
Accumulated other comprehensive (loss) income		(200.2)		(175.1)		(171.0)		346.2		(200.1)
Total shareholder's equity		1,534.8		3,093.9		1,039.8		(4,145.4)		1,523.1
Non-controlling interest		49.8		56.1		56.1		(112.3)		49.7
Total equity		1,584.6		3,150.0		1,095.9		(4,257.7)		1,572.8
Total liabilities and equity	$	6,657.5	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,193.7

Statement Of Operations

Statement of Operations			Guarantor		Nonguarantor
Three month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	615.6	$	567.6	$	615.7	$	(437.4)	$	1,361.5
Cost of goods sold		412.2		392.9		460.0		(434.3)		830.8
Restructuring and related charges		—		—		0.1				0.1
Gross profit		203.4		174.7		155.6		(3.1)		530.6
Selling		77.5		40.3		84.0		(0.1)		201.7
General and administrative		53.1		18.7		21.0		—		92.8
Research and development		9.1		1.6		3.9		—		14.6
Acquisition and integration related charges		4.4		0.3		3.3		—		8.0
Restructuring and related charges		0.6		3.7		1.1		—		5.4
Total operating expense		144.7		64.6		113.3		(0.1)		322.5
Operating income (loss)		58.7		110.1		42.3		(3.0)		208.1
Interest expense		50.7		5.1		4.1		—		59.9
Other non-operating (income) expense, net		(129.9)		(24.6)		2.3		154.4		2.2
Income from operations before income taxes		137.9		129.6		35.9		(157.4)		146.0
Income tax expense (benefit)		32.7		(0.5)		8.1		0.5		40.8
Net income (loss)		105.2		130.1		27.8		(157.9)		105.2
Net income attributable to non-controlling interest		—		—		0.1		—		0.1
Net income (loss) attributable to controlling interest	$	105.2	$	130.1	$	27.7	$	(157.9)	$	105.1

Statement of Operations			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,821.9	$	1,167.8	$	1,956.8	$	(1,156.5)	$	3,790.0
Cost of goods sold		1,241.8		805.8		1,457.6		(1,149.7)		2,355.5
Restructuring and related charges		—		—		0.4		—		0.4
Gross profit		580.1		362.0		498.8		(6.8)		1,434.1
Selling		234.0		91.2		254.1		(1.0)		578.3
General and administrative		160.5		51.5		59.8		(0.1)		271.7
Research and development		27.2		4.4		11.3				42.9
Acquisition and integration related charges		18.0		3.5		9.7				31.2
Restructuring and related charges		1.9		4.0		1.9				7.8
Total operating expense		441.6		154.6		336.8		(1.1)		931.9
Operating income (loss)		138.5		207.4		162.0		(5.7)		502.2
Interest expense		147.0		15.6		13.1		0.1		175.8
Other non-operating (income) expense, net		(282.7)		(116.7)		6.4		399.5		6.5
Income from operations before income taxes		274.2		308.5		142.5		(405.3)		319.9
Income tax expense (benefit)		10.9		24.2		25.1		(3.6)		56.6
Net income (loss)		263.3		284.3		117.4		(401.7)		263.3
Net income attributable to non-controlling interest		—		—		0.3		—		0.3
Net income (loss) attributable to controlling interest	$	263.3	$	284.3	$	117.1	$	(401.7)	$	263.0

Statement of Operations			Guarantor		Nonguarantor
Three month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	577.7	$	324.1	$	605.0	$	(259.3)	$	1,247.5
Cost of goods sold		397.5		202.8		445.3		(256.1)		789.5
Restructuring and related charges		—		—		—		—		—
Gross profit		180.2		121.3		159.7		(3.2)		458.0
Selling		69.8		32.1		83.2		(0.3)		184.8
General and administrative		54.2		15.4		18.6		—		88.2
Research and development		8.3		1.0		3.6		—		12.9
Acquisition and integration related charges		21.9		0.4		1.9		—		24.2
Restructuring and related charges		22.7		0.2		(12.4)		—		10.5
Total operating expense		176.9		49.1		94.9		(0.3)		320.6
Operating income (loss)		3.3		72.2		64.8		(2.9)		137.4
Interest expense		99.4		2.7		10.8		—		112.9
Other non-operating (income) expense, net		(89.6)		(42.7)		1.0		133.0		1.7
Income from operations before income taxes		(6.5)		112.2		53.0		(135.9)		22.8
Income tax (benefit) expense		(53.1)		22.2		7.1		—		(23.8)
Net income (loss)		46.6		90.0		45.9		(135.9)		46.6
Net income (loss) attributable to non-controlling interest		—		0.1		0.1		(0.2)		—
Net income (loss) attributable to controlling interest	$	46.6	$	89.9	$	45.8	$	(135.7)	$	46.6

Statement of Operations			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,672.6	$	529.7	$	1,875.5	$	(695.5)	$	3,382.3
Cost of goods sold		1,163.9		328.9		1,375.2		(689.0)		2,179.0
Restructuring and related charges		—		—		0.4		—		0.4
Gross profit		508.7		200.8		499.9		(6.5)		1,202.9
Selling		206.3		63.8		248.2		(0.6)		517.7
General and administrative		156.0		30.8		51.3		—		238.1
Research and development		24.3		2.0		10.6		—		36.9
Acquisition and integration related charges		33.9		3.0		7.3		—		44.2
Restructuring and related charges		30.7		0.3		(9.1)		—		21.9
Total operating expense		451.2		99.9		308.3		(0.6)		858.8
Operating income (loss)		57.5		100.9		191.6		(5.9)		344.1
Interest expense		180.8		1.1		24.6		—		206.5
Other non-operating (income) expense, net		(175.6)		(114.0)		4.0		291.2		5.6
Income from operations before income taxes		52.3		213.8		163.0		(297.1)		132.0
Income tax (benefit) expense		(74.9)		44.3		36.2		(0.8)		4.8
Net income (loss)		127.2		169.5		126.8		(296.3)		127.2
Net income (loss) attributable to non-controlling interest		0.2		0.2		0.2		(0.4)		0.2
Net income (loss) attributable to controlling interest	$	127.0	$	169.3	$	126.6	$	(295.9)	$	127.0

Statement Of Comprehensive Income

Statement of Comprehensive Income			Guarantor		Nonguarantor
Three month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	105.2	$	130.1	$	27.8	$	(157.9)	$	105.2
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(13.7)		(13.7)		(13.7)		27.4		(13.7)
Unrealized gain (loss) on derivative instruments		7.8		6.7		6.7		(13.4)		7.8
Defined benefit pension gain (loss)		1.2		1.1		1.2		(2.3)		1.2
Other comprehensive (loss) income		(4.7)		(5.9)		(5.8)		11.7		(4.7)
Comprehensive income (loss)		100.5		124.2		22.0		(146.2)		100.5
Comprehensive income (loss) attributable to non-controlling interest		—		—		(0.2)		—		(0.2)
Comprehensive income (loss) attributable to controlling interest	$	100.5	$	124.2	$	22.2	$	(146.2)	$	100.7

Statement of Comprehensive Income			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	263.3	$	284.3	$	117.4	$	(401.7)	$	263.3
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(6.0)		(6.0)		(5.9)		11.9		(6.0)
Unrealized gain (loss) on derivative instruments		8.6		3.9		3.8		(7.7)		8.6
Defined benefit pension gain (loss)		1.7		1.7		1.6		(3.3)		1.7
Other comprehensive income (loss)		4.3		(0.4)		(0.5)		0.9		4.3
Comprehensive income (loss)		267.6		283.9		116.9		(400.8)		267.6
Comprehensive income (loss) attributable to non-controlling interest		—		—		(0.3)		—		(0.3)
Comprehensive income (loss) attributable to controlling interest	$	267.6	$	283.9	$	117.2	$	(400.8)	$	267.9

Statement of Comprehensive Income			Guarantor		Nonguarantor
Three month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	46.6	$	90.0	$	45.9	$	(135.9)	$	46.6
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		9.5		9.5		9.5		(19.0)		9.5
Unrealized (loss) gain on derivative instruments		(12.0)		(11.5)		(11.5)		23.0		(12.0)
Defined benefit pension (loss) gain		(0.6)		(0.6)		(0.6)		1.2		(0.6)
Other comprehensive (loss) income		(3.1)		(2.6)		(2.6)		5.2		(3.1)
Comprehensive income (loss)		43.5		87.4		43.3		(130.7)		43.5
Comprehensive income (loss) attributable to non-controlling interest		—		—		—		—		—
Comprehensive income (loss) attributable to controlling interest	$	43.5	$	87.4	$	43.3	$	(130.7)	$	43.5

Statement of Comprehensive Income			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	127.2	$	169.5	$	126.8	$	(296.3)	$	127.2
Other comprehensive income (loss), net of tax:
Foreign currency translation (loss) gain		(68.6)		(69.2)		(69.2)		138.4		(68.6)
Unrealized (loss) gain on derivative instruments		(8.6)		(5.8)		(5.8)		11.6		(8.6)
Defined benefit pension gain (loss)		2.8		2.8		2.8		(5.6)		2.8
Other comprehensive (loss) income		(74.4)		(72.2)		(72.2)		144.4		(74.4)
Comprehensive income (loss)		52.8		97.3		54.6		(151.9)		52.8
Comprehensive income (loss) attributable to non-controlling interest		0.2		0.2		0.2		(0.4)		0.2
Comprehensive income (loss) attributable to controlling interest	$	52.6	$	97.1	$	54.4	$	(151.5)	$	52.6

Statement Of Cash Flows

Statement of Cash Flows			Guarantor		Nonguarantor
Nine month period ended July 3, 2016 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(272.0)	$	219.5	$	(99.8)	$	257.0	$	104.7
Cash flows from investing activities
Purchases of property, plant and equipment		(32.2)		(6.0)		(21.4)		—		(59.6)
Proceeds from sales of property, plant and equipment		0.1		—		0.7		—		0.8
Other investing activities		(0.6)		(1.3)		—		—		(1.9)
Net cash used by investing activities		(32.7)		(7.3)		(20.7)		—		(60.7)
Cash flows from financing activities
Proceeds from issuance of debt		217.8		—		—		—		217.8
Payment of debt		(310.0)		—		(1.7)		—		(311.7)
Payment of debt issuance costs		(1.6)		—		—		—		(1.6)
Payment of cash dividends to parent		(74.6)		—		—		—		(74.6)
Payment of contingent consideration		(3.2)		—		—		—		(3.2)
Advances related to intercompany transactions		467.2		(218.3)		8.1		(257.0)		—
Net cash provided (used) by financing activities		295.6		(218.3)		6.4		(257.0)		(173.3)
Effect of exchange rate changes on cash and cash equivalents		—		—		(1.7)		—		(1.7)
Net (decrease) in cash and cash equivalents		(9.1)		(6.1)		(115.8)		—		(131.0)
Cash and cash equivalents, beginning of period		13.0		8.6		226.3		—		247.9
Cash and cash equivalents, end of period	$	3.9	$	2.5	$	110.5	$	—	$	116.9

Statement of Cash Flows			Guarantor		Nonguarantor
Nine month period ended June 28, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(544.1)	$	(355.9)	$	(1,358.3)	$	2,094.7	$	(163.6)
Cash flows from investing activities								—
Purchases of property, plant and equipment		(25.0)		(7.3)		(17.2)		—		(49.5)
Business acquisitions, net of cash acquired		(1,077.5)		—		(115.7)		—		(1,193.2)
Proceeds from sales of property, plant and equipment		0.1		—		1.2		—		1.3
Other investing activities		—		—		(0.9)		—		(0.9)
Net cash used by investing activities		(1,102.4)		(7.3)		(132.6)		—		(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt		3,177.0		—		—		—		3,177.0
Payment of debt		(1,989.8)		—		(292.1)		—		(2,281.9)
Payment of debt issuance costs		(37.3)		—		—		—		(37.3)
Payment of cash dividends to parent		(51.0)		—		—		—		(51.0)
Share based tax withholding payments, net of proceeds upon vesting		(1.9)		—		—		—		(1.9)
Advances related to intercompany transactions		18.9		369.0		1,706.8		(2,094.7)		—
Capital contribution from parent		528.3		—		—		—		528.3
Net cash provided (used) by financing activities		1,644.2		369.0		1,414.7		(2,094.7)		1,333.2
Effect of exchange rate changes on cash and cash equivalents		—		—		(13.0)		—		(13.0)
Net increase (decrease) in cash and cash equivalents		(2.3)		5.8		(89.2)		—		(85.7)
Cash and cash equivalents, beginning of period		4.8		11.2		176.9		—		192.9
Cash and cash equivalents, end of period	$	2.5	$	17.0	$	87.7	$	—	$	107.2

XML

Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Sep. 30, 2015
Significant Accounting Policies [Line Items]
Income tax benefit	$ 42.5	$ (23.8)	$ 46.8	$ 4.8
Debt issuance costs	(58.2)		(58.2)		$ (65.1)
Accounting Standards Update 2016-09 [Member]
Significant Accounting Policies [Line Items]
Unrecognized deferred tax assets					22.2
Income tax benefit	5.3		22.7
Accounting Standards Update 2015-03 [Member]
Significant Accounting Policies [Line Items]
Debt issuance costs					65.1
Accounting Standards Update 2015-17 [Member]
Significant Accounting Policies [Line Items]
Current deferred tax assets					44.7
Current deferred tax liabilities					4.6
SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Income tax benefit	40.8	$ (23.8)	56.6	$ 4.8
Debt issuance costs	(58.2)		(58.2)		$ (65.1)
SB/RH Holdings, LLC [Member] | Accounting Standards Update 2016-09 [Member]
Significant Accounting Policies [Line Items]
Income tax benefit	$ 9.4		$ 19.9

XML

Significant Accounting Policies (Summary Of Reclassification From Retrospective Adoption Of ASU 2016-09) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended	9 Months Ended
	Jul. 03, 2016	Apr. 03, 2016	Jun. 28, 2015	Apr. 03, 2016	Jul. 03, 2016	Jun. 28, 2015
Significant Accounting Policies [Line Items]
Income tax expense (benefit)	$ 42.5		$ (23.8)		$ 46.8	$ 4.8
Net income	102.1		44.9		268.6	122.8
Net income attributable to controlling interest	$ 101.9		$ 44.9		$ 268.2	$ 122.5
Earnings Per Share
Basic earning per share	$ 1.72		$ 0.79		$ 4.52	$ 2.26
Diluted earnings per share	$ 1.71		$ 0.79		$ 4.51	$ 2.26
SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)	$ 40.8		$ (23.8)		$ 56.6	$ 4.8
Net income	105.2		46.6		263.3	127.2
Net income attributable to controlling interest	$ 105.1		$ 46.6		$ 263.0	$ 127.0
As Reported [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)		$ 14.9		$ 21.8
Net income		75.3		149.0
Net income attributable to controlling interest		$ 75.2		$ 148.8
Earnings Per Share
Basic earning per share		$ 1.27		$ 2.51
Diluted earnings per share		$ 1.26		$ 2.50
As Reported [Member] | SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)		$ 19.4		$ 26.3
Net income		72.2		147.7
Net income attributable to controlling interest		72.1		147.5
Adjustment [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)		(17.4)		(17.4)
Net income		17.4		17.4
Net income attributable to controlling interest		$ 17.4		$ 17.4
Earnings Per Share
Basic earning per share		$ 0.29		$ 0.29
Diluted earnings per share		$ 0.29		$ 0.29
Adjustment [Member] | SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)		$ (10.4)		$ (10.4)
Net income		10.4		10.4
Net income attributable to controlling interest		10.4		10.4
As Adjusted [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)		(2.5)		4.4
Net income		92.7		166.4
Net income attributable to controlling interest		$ 92.6		$ 166.2
Earnings Per Share
Basic earning per share		$ 1.56		$ 2.80
Diluted earnings per share		$ 1.55		$ 2.79
As Adjusted [Member] | SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Income tax expense (benefit)		$ 9.0		$ 15.9
Net income		82.6		158.1
Net income attributable to controlling interest		$ 82.5		$ 157.9

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Significant Accounting Policies (Summary Of Reclassifications From Retrospective Adoption Of ASU 2015-17) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets	$ 82.2	$ 72.1
Deferred charges and other	41.2	42.2
Other current liabilities	(187.8)	(212.7)
Long-term debt, net current portion	(3,840.2)	(3,872.1)
Deferred taxes (noncurrent liability)	(552.4)	(572.5)
SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets	82.2	72.1
Deferred charges and other	34.6	42.1
Other current liabilities	(187.1)	(211.9)
Long-term debt, net current portion	(3,840.2)	(3,872.1)
Deferred taxes (noncurrent liability)	$ (555.6)	(572.5)
As Reported [Member]
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets		116.8
Deferred charges and other		101.7
Other current liabilities		(217.3)
Long-term debt, net current portion		(3,937.2)
Deferred taxes (noncurrent liability)		(607.0)
As Reported [Member] | SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets		116.8
Deferred charges and other		101.6
Other current liabilities		(216.5)
Long-term debt, net current portion		(3,937.2)
Deferred taxes (noncurrent liability)		(607.0)
Reclassification [Member]
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets		(44.7)
Deferred charges and other		(59.5)
Other current liabilities		4.6
Long-term debt, net current portion		65.1
Deferred taxes (noncurrent liability)		34.5
Reclassification [Member] | SB/RH Holdings, LLC [Member]
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets		(44.7)
Deferred charges and other		(59.5)
Other current liabilities		4.6
Long-term debt, net current portion		65.1
Deferred taxes (noncurrent liability)		$ 34.5

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Acquisitions (Narrative) (Details)	9 Months Ended
	Jul. 03, 2016
Armored AutoGroup [Member]
Business Acquisition [Line Items]
Acquisition date	May 21, 2015
Salix [Member]
Business Acquisition [Line Items]
Acquisition date	Jan. 16, 2015
European IAMS And Eukanuba [Member]
Business Acquisition [Line Items]
Acquisition date	Dec. 31, 2014

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Acquisitions (Summary Of Acquisition And Integration Related Charges) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Business Acquisition [Line Items]
Acquisition and integration related charges	$ 8.0	$ 24.2	$ 31.2	$ 44.2
Armored AutoGroup [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	2.6	17.8	13.2	17.8
HHI Business [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	4.4	2.1	12.0	8.3
European IAMS And Eukanuba [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	0.4	1.0	2.4	6.0
Salix [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	0.2	$ 3.3	1.7	8.4
Other [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	$ 0.4		$ 1.9	$ 3.7

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Restructuring And Related Charges (Narrative) (Details) $ in Millions	Jul. 03, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges since initiative inception	$ 64.8
GAC Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges since initiative inception	3.6
GAC Business Rationalization Initiatives [Member] | Anticipated To Be Incurred Through September 30 2017 [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	15.0
HHI Business [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges since initiative inception	14.3
HHI Business [Member] | Anticipated To Be Incurred Through September 30, 2016 [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	15.0
Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges since initiative inception	45.1
Global Expense Rationalization Initiatives [Member] | Anticipated To Be Incurred Through September 30 2018 [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	47.0
Other Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges since initiative inception	1.8
Other Restructuring Activities [Member] | Anticipated To Be Incurred Through September 30 2018 [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	$ 3.0

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Restructuring And Related Charges (Summary Of Restructuring And Related Charges) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 5.5	$ 10.5	$ 8.2	$ 22.3
HHI Business [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges		6.3	(0.5)	7.7
GAC Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	3.6		3.6
Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.1	3.9	3.3	13.9
Other Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.8	0.3	1.8	0.7
Cost of Goods Sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.1		0.4	0.4
Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 5.4	$ 10.5	$ 7.8	$ 21.9

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Restructuring And Related Charges (Summary Of Costs Incurred By Cost Type) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 5.5	$ 10.5	$ 8.2	$ 22.3
Cumulative costs	64.8		64.8
Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.3	(1.9)	3.0	6.0
Cumulative costs	31.1		31.1
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	4.2	$ 12.4	5.2	$ 16.3
Cumulative costs	$ 33.7		$ 33.7

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Restructuring And Related Charges (Rollforward Of Restructuring Accrual) (Details) $ in Millions	9 Months Ended
	Jul. 03, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	$ 8.2
Provisions	8.2
Cash expenditures	(13.1)
Non-cash items	(0.1)
Accrual balance at ending	3.2
Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	4.3
Provisions	3.0
Cash expenditures	(5.6)
Non-cash items	0.1
Accrual balance at ending	1.8
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	3.9
Provisions	5.2
Cash expenditures	(7.5)
Non-cash items	(0.2)
Accrual balance at ending	$ 1.4

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Restructuring And Related Charges (Summary Of Costs Incurred By Reporting Segment) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 5.5	$ 10.5	$ 8.2	$ 22.3
Cumulative costs	64.8		64.8
Future costs to be incurred	14.6		14.6
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges				0.3
Cumulative costs	2.1		2.1
Future costs to be incurred	0.1		0.1
Global Batteries & Appliances [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.6	1.0	1.0	6.4
Cumulative costs	30.2		30.2
Future costs to be incurred	0.5		0.5
Global Pet Supplies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.6	3.2	2.4	7.8
Cumulative costs	12.9		12.9
Future costs to be incurred	2.2		2.2
Hardware & Home Improvement [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.7	$ 6.3	1.2	$ 7.8
Cumulative costs	16.0		16.0
Future costs to be incurred	0.3		0.3
Global Auto Care [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	3.6		3.6
Cumulative costs	3.6		3.6
Future costs to be incurred	$ 11.5		$ 11.5

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Receivables And Concentration Of Credit Risk (Narrative) (Details) $ in Millions	Jul. 03, 2016 USD ($) customer	Sep. 30, 2015 USD ($) customer
Receivables and Concentration of Credit Risk [Line Items]
Allowance for uncollectible receivables | $	$ 46.0	$ 44.0
Major Customer One [Member]
Receivables and Concentration of Credit Risk [Line Items]
Number of major customers accounting for a significant percentage of sales volume | customer	1	1
Major Customer One [Member] | Trade Receivable [Member]
Receivables and Concentration of Credit Risk [Line Items]
Concentration risk	17.00%	16.00%

XML

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Inventories [Abstract]
Raw materials	$ 143.1	$ 132.4
Work-in-process	59.8	37.9
Finished goods	639.4	610.5
Inventories	$ 842.3	$ 780.8

XML

Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 900.6	$ 831.9
Accumulated depreciation	(377.4)	(324.8)
Property, plant and equipment, net	523.2	507.1
Land, Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	193.5	190.9
Machinery, Equipment And Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	525.9	491.9
Capitalized Leases [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	121.7	97.3
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 59.5	$ 51.8

XML

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Sep. 30, 2015
Intangible Assets [Line Items]
Amortization expense	$ 23.5	$ 22.3	$ 70.5	$ 64.0
Trade Names [Member]
Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 1,478.9		1,478.9		$ 1,490.3
Impairment of indefinite lived intangible assets			$ 0.0	$ 0.0

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Goodwill And Intangible Assets (Changes In The Carrying Amount Of Goodwill By Reporting Segment) (Details) $ in Millions	9 Months Ended
	Jul. 03, 2016 USD ($)
Goodwill [Line Items]
Balance, as of September 30, 2015	$ 2,476.7
Adjustments	3.4
Foreign currency impact	(0.4)
Balance, as of April 3, 2016	2,479.7
Global Batteries & Appliances [Member]
Goodwill [Line Items]
Balance, as of September 30, 2015	348.5
Adjustments
Foreign currency impact	(2.8)
Balance, as of April 3, 2016	345.7
Hardware & Home Improvement [Member]
Goodwill [Line Items]
Balance, as of September 30, 2015	699.5
Adjustments
Foreign currency impact	3.6
Balance, as of April 3, 2016	703.1
Global Pet Supplies [Member]
Goodwill [Line Items]
Balance, as of September 30, 2015	299.6
Adjustments
Foreign currency impact	0.1
Balance, as of April 3, 2016	299.7
Home and Garden [Member]
Goodwill [Line Items]
Balance, as of September 30, 2015	196.5
Adjustments
Foreign currency impact
Balance, as of April 3, 2016	196.5
Global Auto Care [Member]
Goodwill [Line Items]
Balance, as of September 30, 2015	932.6
Adjustments	3.4
Foreign currency impact	(1.3)
Balance, as of April 3, 2016	$ 934.7

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Goodwill And Intangible Assets (Schedule Of Carrying Value And Accumulated Amortization For Intangible Assets) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,385.7	$ 1,389.2
Accumulated Amortization	(465.0)	(399.2)
Net	920.7	990.0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	984.0	985.2
Accumulated Amortization	(288.7)	(247.4)
Net	695.3	737.8
Technology Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	236.3	238.6
Accumulated Amortization	(91.0)	(78.1)
Net	145.3	160.5
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	165.4	165.4
Accumulated Amortization	(85.3)	(73.7)
Net	$ 80.1	$ 91.7

XML

Goodwill And Intangible Assets (Schedule Of Range And Weighted Average Useful Lives For Definite-Lived Intangible Assets) (Details)	9 Months Ended
	Jul. 03, 2016
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average	18 years 6 months
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Range	2 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Range	20 years
Technology Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average	11 years 1 month 6 days
Technology Assets [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Range	4 years
Technology Assets [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Range	18 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average	16 years 2 months 12 days
Trade Names [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Range	8 years
Trade Names [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Range	17 years

XML

Goodwill And Intangible Assets (Schedule Of Future Amortization Expense) (Details) $ in Millions	Jul. 03, 2016 USD ($)
Goodwill And Intangible Assets [Abstract]
2016	$ 93.9
2017	93.0
2018	86.2
2019	85.1
2020	$ 84.9

XML

Debt (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Sep. 30, 2015
Debt Instrument [Line Items]
Write-off of debt issuance costs on retired debt		$ 11.2
Adjustment to interest expense		1.7
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Aggregate borrowing availability	$ 276.9
Outstanding letters of credit	$ 24.6
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Interest rate	2.75%
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	1.75%
USD Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Interest rate	0.75%
Percentage over base variable rate	2.75%
USD Term Loan [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	1.75%
CAD Term Loan [Member] | Canadian Dollor Offered Rate (CDOR) [Member]
Debt Instrument [Line Items]
Interest rate	0.75%
Percentage over base variable rate	3.50%
CAD Term Loan [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	2.50%
Euro Term Loan [Member] | Euro Interbank Offered Rate (EURIBOR) [member]
Debt Instrument [Line Items]
Interest rate	0.75%
Percentage over base variable rate	2.75%
Euro Term Loan [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	0.00%
SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Debt held includes a loan with SBH	$ 7.1		$ 34.7
Write-off of debt issuance costs on retired debt		11.2
Adjustment to interest expense		$ 1.7

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Debt (Schedule Of Debt) (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Total debt	$ 3,939.0	$ 3,977.8
Unamortized discount on debt	(5.3)	(6.8)
Debt issuance costs	(58.2)	(65.1)
Less current portion	(35.3)	(33.8)
Long-term debt, net of current portion	$ 3,840.2	3,872.1
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	Jun. 23, 2020
SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Total debt	$ 3,946.0	4,012.5
Unamortized discount on debt	(5.3)	(6.8)
Debt issuance costs	(58.2)	(65.1)
Less current portion	(42.3)	(68.5)
Long-term debt, net of current portion	3,840.2	3,872.1
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Obligations under capital leases	$ 107.9	$ 88.2
Rate	5.50%	5.70%
Capital Lease Obligations [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Obligations under capital leases	$ 107.9	$ 88.2
Rate	5.50%	5.70%
Expiring June 23, 2020 [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolver facility	$ 198.5
Rate	3.60%
Expiring June 23, 2020 [Member] | SB/RH Holdings, LLC [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolver facility	$ 198.5
Rate	3.60%
USD Term Loan [Member]
Debt Instrument [Line Items]
Maturity date	Jun. 23, 2022
USD Term Loan [Member] | Due June 23, 2022 [Member]
Debt Instrument [Line Items]
Term loan	$ 1,103.1	$ 1,226.9
Rate	3.60%	3.90%
USD Term Loan [Member] | Due June 23, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan	$ 1,103.1	$ 1,226.9
Rate	3.60%	3.90%
CAD Term Loan [Member]
Debt Instrument [Line Items]
Maturity date	Jun. 23, 2022
CAD Term Loan [Member] | Due June 23, 2022 [Member]
Debt Instrument [Line Items]
Term loan	$ 57.4	$ 55.7
Rate	4.60%	4.40%
CAD Term Loan [Member] | Due June 23, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan	$ 57.4	$ 55.7
Rate	4.60%	4.40%
Euro Term Loan [Member]
Debt Instrument [Line Items]
Maturity date	Jun. 23, 2022
Euro Term Loan [Member] | Due June 23, 2022 [Member]
Debt Instrument [Line Items]
Term loan	$ 116.7	$ 255.8
Rate	3.50%	3.50%
Euro Term Loan [Member] | Due June 23, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan	$ 116.7	$ 255.8
Rate	3.50%	3.50%
5.75% Notes, Due July 15, 2025 [Member]
Debt Instrument [Line Items]
Notes	$ 1,000.0	$ 1,000.0
Rate	5.80%	5.80%
Maturity date	Jul. 15, 2025
Interest rate	5.75%	5.75%
5.75% Notes, Due July 15, 2025 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 1,000.0	$ 1,000.0
Rate	5.80%	5.80%
6.125% Notes, Due December 15, 2024 [Member]
Debt Instrument [Line Items]
Notes	$ 250.0	$ 250.0
Rate	6.10%	6.10%
Maturity date	Dec. 15, 2024
Interest rate	6.125%	6.125%
6.125% Notes, Due December 15, 2024 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 250.0	$ 250.0
Rate	6.10%	6.10%
6.375% Notes, Due November 15, 2020 [Member]
Debt Instrument [Line Items]
Notes	$ 520.0	$ 520.0
Rate	6.40%	6.40%
Maturity date	Nov. 15, 2020
Interest rate	6.375%	6.375%
6.375% Notes, Due November 15, 2020 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 520.0	$ 520.0
Rate	6.40%	6.40%
6.625% Notes, Due November 15, 2022 [Member]
Debt Instrument [Line Items]
Notes	$ 570.0	$ 570.0
Rate	6.60%	6.60%
Maturity date	Nov. 15, 2022
Interest rate	6.625%	6.625%
6.625% Notes, Due November 15, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 570.0	$ 570.0
Rate	6.60%	6.60%
Other Notes And Obligations [Member]
Debt Instrument [Line Items]
Other notes and obligations	$ 15.4	$ 11.2
Rate	11.90%	10.20%
Other Notes And Obligations [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Other notes and obligations	$ 22.4	$ 45.9
Rate	8.10%	4.90%

XML

Derivatives (Narrative) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Cash Flow Hedging [Member] | Interest Rate Swaps [Member]
Derivative [Line Items]
Derivative, fixed interest rate	1.36%	1.36%
Notional value	$ 300.0	$ 300.0
Derivative net gains (losses) estimated to be reclassified from AOCI into earnings over the next 12 months	(1.3)
Cash Flow Hedging [Member] | Commodity Swaps [Member]
Derivative [Line Items]
Derivative net gains (losses) estimated to be reclassified from AOCI into earnings over the next 12 months	0.6
Cash Flow Hedging [Member] | Foreign Exchange Contracts [Member]
Derivative [Line Items]
Notional value	224.7	300.6
Derivative net gains (losses) estimated to be reclassified from AOCI into earnings over the next 12 months	4.1
Fair Value Hedging [Member]
Derivative [Line Items]
Posted cash collateral	0.0	3.5
Posted standby letters of credit	0.0	0.0
Not Designated as Hedging [Member] | Foreign Exchange Contracts [Member]
Derivative [Line Items]
Notional value	197.1	126.8
Maximum [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Credit reserve on derivative assets	$ 0.1	$ 0.1

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Derivatives (Schedule Of Interest Rate Swap Derivative Financial Instruments) (Details) - Cash Flow Hedging [Member] - Interest Rate Swaps [Member] - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jul. 03, 2016	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Amount	$ 300.0	$ 300.0
Remaining Years	9 months 18 days	1 year 6 months

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Derivatives (Schedule Of Commodity Swap Contracts Outstanding) (Details) $ in Millions	9 Months Ended	12 Months Ended
	Jul. 03, 2016 USD ($) ozt T	Sep. 30, 2015 USD ($) ozt T
Zinc [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Notional | T	7.2	10.8
Contract Value	$ 13.6	$ 22.2
Brass [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Notional | T	1.0	1.8
Contract Value	$ 4.3	$ 8.5
Silver [Member] | Not Designated as Hedging [Member]
Derivative [Line Items]
Notional | ozt	5.0	25.0
Contract Value	$ 0.1	$ 0.4

XML

Derivatives (Schedule Of Fair Value Of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Derivatives, Fair Value [Line Items]
Derivative assets	$ 9.2	$ 6.0
Derivative liabilities	4.6	9.8
Interest Rate Swaps [Member] | Other Current Liabilities [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	1.3	1.4
Interest Rate Swaps [Member] | Accrued Interest [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	0.5	0.4
Interest Rate Swaps [Member] | Other Long-term Liabilities [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities		0.8
Commodity Swaps [Member] | Receivables - Other [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	1.3
Commodity Swaps [Member] | Deferred Charges And Other [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	0.3
Commodity Swaps [Member] | Accounts Payable [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	0.4	4.7
Commodity Swaps [Member] | Accounts Payable [Member] | Not Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities		0.1
Commodity Swaps [Member] | Other Long-term Liabilities [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities		0.8
Foreign Exchange Contracts [Member] | Receivables - Other [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	6.6	5.2
Foreign Exchange Contracts [Member] | Receivables - Other [Member] | Not Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	0.4	0.4
Foreign Exchange Contracts [Member] | Deferred Charges And Other [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	0.6	0.4
Foreign Exchange Contracts [Member] | Accounts Payable [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	1.7	1.5
Foreign Exchange Contracts [Member] | Accounts Payable [Member] | Not Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	0.6	$ 0.1
Foreign Exchange Contracts [Member] | Other Long-term Liabilities [Member] | Designated as Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 0.1

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Derivatives (Summary Of Impact Of Effective And Ineffective Portions Of Cash Flow Hedges And Gain (Loss) Recognized) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI	$ 9.5	$ (7.8)	$ 8.8	$ 9.3
Effective Portion, Gain (Loss) Reclassified to Earnings	(1.2)	8.1	(0.2)	19.9
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0.1		0.1
Interest Rate Swaps [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI	(0.2)	(0.5)	(0.5)	(2.4)
Effective Portion, Gain (Loss) Reclassified to Earnings	(0.5)	(0.5)	(1.4)	(1.4)
Commodity Swaps [Member] | Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI	2.0	(0.7)	2.9	(2.4)
Effective Portion, Gain (Loss) Reclassified to Earnings	(0.8)		(3.8)	0.3
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0.1		0.1
Foreign Exchange Contracts [Member] | Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI	8.0	(6.8)	6.8	14.0
Effective Portion, Gain (Loss) Reclassified to Earnings	0.1	8.6	5.0	21.0
Foreign Exchange Contracts [Member] | Net Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI	$ (0.3)	$ 0.2	$ (0.4)	$ 0.1

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Derivatives (Summary Of Loss Associated With Derivative Contracts Not Designated As Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Foreign Exchange Contracts [Member] | Other Non-operating Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in operations	$ 0.8	$ 5.0	$ 1.6	$ (2.4)

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Fair Value Of Financial Instruments (Fair Values Of Derivative Instruments) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	$ 9.2	$ 6.0
Derivative Liabilities	4.6	9.8
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	9.2	6.0
Derivative Liabilities	$ 4.6	$ 9.8

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Fair Value Of Financial Instruments (Carrying Values And Fair Values For Debt) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015
Carrying Amount [Member]
Debt Instrument [Line Items]
Total debt	$ 3,875.5	$ 3,905.9
Fair Value [Member]
Debt Instrument [Line Items]
Total debt	4,045.2	4,085.8
SB/RH Holdings, LLC [Member] | Carrying Amount [Member]
Debt Instrument [Line Items]
Total debt	3,882.5	3,940.6
SB/RH Holdings, LLC [Member] | Fair Value [Member]
Debt Instrument [Line Items]
Total debt	$ 4,052.3	$ 4,120.5

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Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Employee Benefit Plans [Abstract]
Company contributions to pension and deferred compensation plans, including discretionary amounts	$ 2.2	$ 2.0	$ 8.1	$ 7.5

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Employee Benefit Plans (Components Of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
U.S. Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.1	$ 0.1	$ 0.2	$ 0.3
Interest cost	0.7	0.8	2.2	2.4
Expected return on assets	(1.1)	(1.1)	(3.3)	(3.3)
Recognized net actuarial loss	0.1		0.4	0.1
Net periodic benefit cost	(0.2)	(0.2)	$ (0.5)	$ (0.5)
Weighted average assumptions
Discount rate			4.25%	4.15%
Expected return on plan assets			7.25%	7.50%
Non U.S. Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0.7	0.7	$ 2.0	$ 2.1
Interest cost	1.5	1.6	4.6	4.9
Expected return on assets	(1.2)	(1.3)	(3.6)	(4.2)
Recognized net actuarial loss	0.4	0.3	1.3	1.0
Net periodic benefit cost	$ 1.4	$ 1.3	$ 4.3	$ 3.8
Non U.S. Plans [Member] | Minimum [Member]
Weighted average assumptions
Discount rate			1.75%	2.00%
Expected return on plan assets			1.75%	2.00%
Rate of compensation increase			2.25%	2.25%
Non U.S. Plans [Member] | Maximum [Member]
Weighted average assumptions
Discount rate			13.81%	13.50%
Expected return on plan assets			4.53%	5.26%
Rate of compensation increase			5.50%	5.50%

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Share Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 15.9	$ 16.9	$ 47.4	$ 36.3
Remaining unrecognized pre-tax compensation cost	28.6		$ 28.6
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted			0.6
Shares vested			0.5
Total market value of RSUs granted			$ 55.7
Restricted Stock Units (RSUs) [Member] | Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vested			0.2
Vesting period			12 months
Total market value of RSUs granted	$ 1.6
Restricted Stock Units (RSUs) [Member] | Tranche One [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0.1
Restricted Stock Units (RSUs) [Member] | Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted			0.6
Performance And Time Based RSUs [Member] | Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vested			0.4
Performance And Time Based RSUs [Member] | Tranche Two [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
Performance And Time Based RSUs [Member] | Tranche Two [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			2 years
SB/RH Holdings, LLC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 14.6	$ 15.2	$ 43.4	$ 32.2
Remaining unrecognized pre-tax compensation cost	$ 25.9		$ 25.9
SB/RH Holdings, LLC [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted			0.6
Shares vested			0.5
Total market value of RSUs granted			$ 53.9

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Share Based Compensation (Summary Of Non-Vested RSUs Activity) (Details) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Jul. 03, 2016 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested RSUs, Beginning balance, Shares | shares	0.6
Granted, Shares | shares	0.6
Forfeited, Shares | shares	(0.2)
Vested, Shares | shares	(0.5)
Non-vested RSUs, Ending balance, Shares | shares	0.5
Non-vested RSUs, Beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 87.50
Granted, Weighted Average Grant Date Fair Value | $ / shares	94.78
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	94.75
Vested, Weighted Average Grant Date Fair Value | $ / shares	86.81
Non-vested RSUs, Ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 94.63
Non-vested RSUs, Beginning balance, Fair Value at Grant Date | $	$ 53.2
Granted, Fair Value at Grant Date | $	55.7
Forfeited, Fair Value at Grant Date | $	(14.8)
Vested, Fair Value at Grant Date | $	(47.3)
Non-vested RSUs, Ending balance, Fair Value at Grant Date | $	$ 46.8
SB/RH Holdings, LLC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested RSUs, Beginning balance, Shares | shares	0.5
Granted, Shares | shares	0.6
Forfeited, Shares | shares	(0.2)
Vested, Shares | shares	(0.5)
Non-vested RSUs, Ending balance, Shares | shares	0.4
Non-vested RSUs, Beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 87.71
Granted, Weighted Average Grant Date Fair Value | $ / shares	94.90
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	94.75
Vested, Weighted Average Grant Date Fair Value | $ / shares	86.60
Non-vested RSUs, Ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 96.90
Non-vested RSUs, Beginning balance, Fair Value at Grant Date | $	$ 42.1
Granted, Fair Value at Grant Date | $	53.9
Forfeited, Fair Value at Grant Date | $	(14.8)
Vested, Fair Value at Grant Date | $	(43.8)
Non-vested RSUs, Ending balance, Fair Value at Grant Date | $	$ 37.4

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Accumulated Other Comprehensive Income (Loss) (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, as of September 30, 2015			$ (200.1)
Other comprehensive (loss) income before reclassification			3.2
Amounts reclassified from accumulated other comprehensive income (loss)			2.0
Other comprehensive (loss) income, nine month period ended July 3, 2016			5.2
Deferred tax effect			(1.9)
Deferred tax valuation allowance			1.0
Other comprehensive income, net of tax	$ (4.7)	$ (3.1)	4.3	$ (74.4)
Other comprehensive loss attributable to non-controlling interest			(0.3)
Other comprehensive income attributable to controlling interest			4.6
Accumulated other comprehensive loss, as of July 3, 2016	(195.5)		(195.5)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, as of September 30, 2015			(152.3)
Other comprehensive (loss) income before reclassification			(6.0)
Amounts reclassified from accumulated other comprehensive income (loss)
Other comprehensive (loss) income, nine month period ended July 3, 2016			(6.0)
Deferred tax effect
Deferred tax valuation allowance
Other comprehensive income, net of tax			(6.0)
Other comprehensive loss attributable to non-controlling interest			(0.3)
Other comprehensive income attributable to controlling interest			(5.7)
Accumulated other comprehensive loss, as of July 3, 2016	(158.0)		(158.0)
Derivative Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, as of September 30, 2015			(4.0)
Other comprehensive (loss) income before reclassification			8.8
Amounts reclassified from accumulated other comprehensive income (loss)			0.2
Other comprehensive (loss) income, nine month period ended July 3, 2016			9.0
Deferred tax effect			(1.4)
Deferred tax valuation allowance			1.0
Other comprehensive income, net of tax			8.6
Other comprehensive loss attributable to non-controlling interest
Other comprehensive income attributable to controlling interest			8.6
Accumulated other comprehensive loss, as of July 3, 2016	4.6		4.6
Employee Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, as of September 30, 2015			(43.8)
Other comprehensive (loss) income before reclassification			0.4
Amounts reclassified from accumulated other comprehensive income (loss)			1.8
Other comprehensive (loss) income, nine month period ended July 3, 2016			2.2
Deferred tax effect			(0.5)
Deferred tax valuation allowance
Other comprehensive income, net of tax			1.7
Other comprehensive loss attributable to non-controlling interest
Other comprehensive income attributable to controlling interest			1.7
Accumulated other comprehensive loss, as of July 3, 2016	$ (42.1)		$ (42.1)

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Accumulated Other Comprehensive Income (Loss) (Schedule Of Reclassified From AOCL Associated With Employee Benefit Plan Costs) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling expenses	$ 201.7	$ 184.8	$ 578.3	$ 517.7
General and administrative expenses	94.2	89.9	276.2	242.5
Amounts reclassified from accumulated other comprehensive loss			(2.0)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Employee Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of goods sold	0.4	0.2	1.1	0.5
Selling expenses			0.2	0.2
General and administrative expenses	0.2	0.1	0.5	0.4
Amounts reclassified from accumulated other comprehensive loss	$ 0.6	$ 0.3	$ 1.8	$ 1.1

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Income Taxes (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Sep. 30, 2016
Income Taxes [Line Items]
Effective tax rate		29.40%	(112.80%)	14.80%	3.80%
U.S. federal statutory rate				35.00%
Income tax expense recognized for a tax contingency reserve for a tax exposure in Germany		$ 25.5		$ 25.5
Income tax benefit		42.5	$ (23.8)	46.8	$ 4.8
Reduced amount on net deferred tax liabilities relating to tax law changes				5.9
Tax relief for U.S. net operating losses	$ 88.0
Total unused tax benefits		211.0		211.0
Valuation allowance		$ 95.0		95.0
Discrete income tax benefit				$ 14.0
Forecast [Member]
Income Taxes [Line Items]
Valuation allowance						$ 109.0
SB/RH Holdings, LLC [Member]
Income Taxes [Line Items]
Effective tax rate		27.90%	(104.40%)	17.70%	3.60%
Income tax benefit		$ 40.8	$ (23.8)	$ 56.6	$ 4.8
Accounting Standards Update 2016-09 [Member]
Income Taxes [Line Items]
Income tax benefit		5.3		22.7
Accounting Standards Update 2016-09 [Member] | Forecast [Member]
Income Taxes [Line Items]
Valuation allowance						$ 25.0
Accounting Standards Update 2016-09 [Member] | SB/RH Holdings, LLC [Member]
Income Taxes [Line Items]
Income tax benefit		$ 9.4		$ 19.9

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Segment Information (Narrative) (Details)	9 Months Ended
	Jul. 03, 2016 segment
Segment Information [Abstract]
Number of reporting segments	5

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Segment Information (Net Sales Relating To Segments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Revenue from External Customer [Line Items]
Net sales	$ 1,361.5	$ 1,247.5	$ 3,790.0	$ 3,382.3
SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	1,361.5	1,247.5	3,790.0	3,382.3
Global Batteries & Appliances [Member]
Revenue from External Customer [Line Items]
Net sales	454.1	459.0	1,490.3	1,539.3
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	454.1	459.0	1,490.3	1,539.3
Hardware & Home Improvement [Member]
Revenue from External Customer [Line Items]
Net sales	328.5	313.5	912.9	874.1
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	328.5	313.5	912.9	874.1
Global Pet Supplies [Member]
Revenue from External Customer [Line Items]
Net sales	207.1	208.3	619.0	538.8
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	207.1	208.3	619.0	538.8
Home and Garden [Member]
Revenue from External Customer [Line Items]
Net sales	212.0	202.3	414.7	365.7
Home and Garden [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	212.0	202.3	414.7	365.7
Global Auto Care [Member]
Revenue from External Customer [Line Items]
Net sales	159.8	64.4	353.1	64.4
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	159.8	64.4	353.1	64.4
Consumer Batteries [Member]
Revenue from External Customer [Line Items]
Net sales	187.2	178.3	618.0	600.3
Consumer Batteries [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	187.2	178.3	618.0	600.3
Small Appliances [Member]
Revenue from External Customer [Line Items]
Net sales	151.1	161.3	479.3	536.7
Small Appliances [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	151.1	161.3	479.3	536.7
Personal Care [Member]
Revenue from External Customer [Line Items]
Net sales	115.8	119.4	393.0	402.3
Personal Care [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	$ 115.8	$ 119.4	$ 393.0	$ 402.3

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Segment Information (Segment Profit Relating To Segments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	$ 206.7	$ 135.7	$ 497.7	$ 339.7
Depreciation and amortization	45.3	43.8	136.7	122.7
Share based compensation	15.9	16.9	47.4	36.3
Corporate expenses	9.2	6.5	23.3	19.8
Purchase accounting inventory adjustment		4.7		7.7
Acquisition and integration related charges	8.0	24.2	31.2	44.2
Restructuring and related charges	5.5	10.5	8.2	22.3
Interest expense	59.9	112.9	175.8	206.5
Other		2.1	1.2	3.9
Income from operations before income taxes	144.6	21.1	315.4	127.6
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	288.4	242.7	739.2	591.0
SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	208.1	137.4	502.2	344.1
Depreciation and amortization	45.3	43.8	136.7	122.7
Share based compensation	14.6	15.2	43.4	32.2
Corporate expenses	9.1	6.5	22.9	19.5
Purchase accounting inventory adjustment		4.7		7.7
Acquisition and integration related charges	8.0	24.2	31.2	44.2
Restructuring and related charges	5.5	10.5	8.2	22.3
Interest expense	59.9	112.9	175.8	206.5
Other		2.1	1.1	3.9
Income from operations before income taxes	146.0	22.8	319.9	132.0
SB/RH Holdings, LLC [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	288.4	242.7	739.2	591.0
Global Batteries & Appliances [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	64.3	60.1	228.1	229.2
Restructuring and related charges	0.6	1.0	1.0	6.4
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	64.3	60.1	228.1	229.2
Hardware & Home Improvement [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	65.2	62.6	172.5	160.2
Restructuring and related charges	0.7	6.3	1.2	7.8
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	65.2	62.6	172.5	160.2
Global Pet Supplies [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	37.7	38.4	98.3	82.4
Restructuring and related charges	0.6	3.2	2.4	7.8
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	37.7	38.4	98.3	82.4
Home and Garden [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	67.0	62.4	118.3	100.0
Home and Garden [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	67.0	62.4	118.3	100.0
Global Auto Care [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	54.2	19.2	122.0	19.2
Restructuring and related charges	3.6		3.6
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	$ 54.2	$ 19.2	$ 122.0	$ 19.2

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Earnings Per Share - SBH (Schedule Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Numerator
Net income attributable to controlling interest	$ 101.9	$ 44.9	$ 268.2	$ 122.5
Denominator
Weighted average shares outstanding - basic	59.4	56.5	59.3	54.2
Dilutive shares	0.2		0.2	0.1
Weighted average shares outstanding - diluted	59.6	56.5	59.5	54.3
Earnings per share
Basic earnings per share	$ 1.72	$ 0.79	$ 4.52	$ 2.26
Diluted earnings per share	$ 1.71	$ 0.79	$ 4.51	$ 2.26
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units	0.3	0.3	0.3	0.3

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Guarantor Statements - SB/RH (Narrative) (Details)	Jul. 03, 2016	Sep. 30, 2015
6.375% Notes, Due November 15, 2020 [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate	6.375%	6.375%
6.625% Notes, Due November 15, 2022 [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate	6.625%	6.625%
6.125% Notes, Due December 15, 2024 [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate	6.125%	6.125%
5.75% Notes, Due July 15, 2025 [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate	5.75%	5.75%

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Guarantor Statements - SB/RH (Statement Of Financial Position) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Sep. 30, 2015	Jun. 28, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$ 117.0	$ 247.9	$ 107.2	$ 194.6
Trade receivables, net	588.9	498.8
Other receivables	61.2	87.9
Inventories	842.3	780.8
Prepaid expenses and other	82.2	72.1
Total current assets	1,691.6	1,687.5
Property, plant and equipment, net	523.2	507.1
Deferred charges and other	41.2	42.2
Goodwill	2,479.7	2,476.7
Intangible assets, net	2,399.6	2,480.3
Total assets	7,135.3	7,193.8
Current liabilities:
Current portion of long-term debt	35.3	33.8
Accounts payable	473.5	620.6
Accrued wages and salaries	94.5	96.5
Accrued interest	42.0	63.3
Other current liabilities	187.8	212.7
Total current liabilities	833.1	1,026.9
Long-term debt, net current portion	3,840.2	3,872.1
Deferred income taxes	552.4	572.5
Other long-term liabilities	105.8	115.5
Total liabilities	5,331.5	5,587.0
Shareholders' equity:
Accumulated earnings (deficit)	(2.6)	(205.5)
Accumulated other comprehensive (loss) income	(195.5)	(200.1)
Total shareholder's equity	1,759.9	1,563.1
Noncontrolling interest	43.9	43.7
Total equity	1,803.8	1,606.8
Total liabilities and equity	7,135.3	7,193.8
Eliminations [Member]
Current assets:
Intercompany receivables	(1,010.7)	(1,090.8)
Other receivables	(3.0)
Inventories	(22.8)	(17.0)
Prepaid expenses and other		0.8
Total current assets	(1,036.5)	(1,107.0)
Long-term intercompany receivables	(755.4)	(375.9)
Deferred charges and other	(175.9)	(162.1)
Investments in subsidiaries	(4,637.7)	(4,243.1)
Total assets	(6,605.5)	(5,888.1)
Current liabilities:
Intercompany accounts payable	(1,025.0)	(477.9)
Other current liabilities	(3.0)	(0.1)
Total current liabilities	(1,028.0)	(478.0)
Long-term intercompany debt	(741.1)	(988.1)
Deferred income taxes	(181.7)	(164.3)
Total liabilities	(1,950.8)	(1,630.4)
Shareholders' equity:
Other equity	739.0	(1,175.7)
Accumulated earnings (deficit)	(5,740.8)	(3,315.9)
Accumulated other comprehensive (loss) income	347.1	346.2
Total shareholder's equity	(4,654.7)	(4,145.4)
Noncontrolling interest		(112.3)
Total equity	(4,654.7)	(4,257.7)
Total liabilities and equity	(6,605.5)	(5,888.1)
Parent [Member]
Current assets:
Cash and cash equivalents	3.9	13.0	2.5	4.8
Trade receivables, net	183.2	175.8
Intercompany receivables		152.0
Other receivables		14.3
Inventories	406.4	410.3
Prepaid expenses and other	43.3	36.1
Total current assets	636.8	801.5
Property, plant and equipment, net	234.5	235.2
Long-term intercompany receivables	500.2	2.8
Deferred charges and other	168.8	154.8
Goodwill	912.1	910.7
Intangible assets, net	1,359.6	1,402.4
Investments in subsidiaries	3,433.9	3,150.1
Total assets	7,245.9	6,657.5
Current liabilities:
Current portion of long-term debt	23.0	53.4
Accounts payable	195.5	281.1
Intercompany accounts payable	1,012.2	449.4
Accrued wages and salaries	48.3	40.3
Accrued interest	42.0	63.2
Other current liabilities	77.5	84.5
Total current liabilities	1,398.5	971.9
Long-term debt, net current portion	3,794.9	3,848.8
Long-term intercompany debt	14.3	16.8
Deferred income taxes	203.3	202.1
Other long-term liabilities	33.2	33.3
Total liabilities	5,444.2	5,072.9
Shareholders' equity:
Other equity	2,055.9	1,981.7
Accumulated earnings (deficit)	(58.2)	(246.7)
Accumulated other comprehensive (loss) income	(196.0)	(200.2)
Total shareholder's equity	1,801.7	1,534.8
Noncontrolling interest		49.8
Total equity	1,801.7	1,584.6
Total liabilities and equity	7,245.9	6,657.5
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	2.5	8.6	17.0	11.2
Trade receivables, net	211.9	94.9
Intercompany receivables	795.3	713.8
Other receivables	8.1	11.2
Inventories	132.2	95.7
Prepaid expenses and other	4.8	2.2
Total current assets	1,154.8	926.4
Property, plant and equipment, net	74.5	60.7
Long-term intercompany receivables	241.4	357.7
Deferred charges and other	0.9	14.1
Goodwill	1,154.5	1,154.0
Intangible assets, net	633.5	646.6
Investments in subsidiaries	1,206.7	1,095.9
Total assets	4,466.3	4,255.4
Current liabilities:
Current portion of long-term debt	0.4
Accounts payable	75.0	45.9
Accrued wages and salaries	4.6	10.0
Other current liabilities	15.6	21.5
Total current liabilities	95.6	77.4
Long-term debt, net current portion	14.6
Long-term intercompany debt	476.7	578.7
Deferred income taxes	444.1	440.5
Other long-term liabilities	1.4	8.8
Total liabilities	1,032.4	1,105.4
Shareholders' equity:
Other equity	151.7	1,129.2
Accumulated earnings (deficit)	3,457.8	2,139.8
Accumulated other comprehensive (loss) income	(175.6)	(175.1)
Total shareholder's equity	3,433.9	3,093.9
Noncontrolling interest		56.1
Total equity	3,433.9	3,150.0
Total liabilities and equity	4,466.3	4,255.4
Nonguarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	110.5	226.3	87.7	176.9
Trade receivables, net	193.8	228.1
Intercompany receivables	215.4	225.0
Other receivables	56.1	62.4
Inventories	326.5	291.8
Prepaid expenses and other	34.1	33.0
Total current assets	936.4	1,066.6
Property, plant and equipment, net	214.2	211.2
Long-term intercompany receivables	13.8	15.4
Deferred charges and other	40.8	35.3
Goodwill	413.1	412.0
Intangible assets, net	406.5	431.3
Investments in subsidiaries	(2.9)	(2.9)
Total assets	2,021.9	2,168.9
Current liabilities:
Current portion of long-term debt	18.9	15.1
Accounts payable	203.0	293.6
Intercompany accounts payable	12.8	28.5
Accrued wages and salaries	41.6	46.2
Accrued interest		0.1
Other current liabilities	97.0	106.0
Total current liabilities	373.3	489.5
Long-term debt, net current portion	30.7	23.3
Long-term intercompany debt	250.1	392.6
Deferred income taxes	89.9	94.2
Other long-term liabilities	71.2	73.4
Total liabilities	815.2	1,073.0
Shareholders' equity:
Other equity	(955.0)	34.7
Accumulated earnings (deficit)	2,282.9	1,176.1
Accumulated other comprehensive (loss) income	(171.0)	(171.0)
Total shareholder's equity	1,156.9	1,039.8
Noncontrolling interest	49.8	56.1
Total equity	1,206.7	1,095.9
Total liabilities and equity	2,021.9	2,168.9
SB/RH Holdings, LLC [Member]
Current assets:
Cash and cash equivalents	116.9	247.9	$ 107.2	$ 192.9
Trade receivables, net	588.9	498.8
Other receivables	61.2	87.9
Inventories	842.3	780.8
Prepaid expenses and other	82.2	72.1
Total current assets	1,691.5	1,687.5
Property, plant and equipment, net	523.2	507.1
Deferred charges and other	34.6	42.1
Goodwill	2,479.7	2,476.7
Intangible assets, net	2,399.6	2,480.3
Total assets	7,128.6	7,193.7
Current liabilities:
Current portion of long-term debt	42.3	68.5
Accounts payable	473.5	620.6
Accrued wages and salaries	94.5	96.5
Accrued interest	42.0	63.3
Other current liabilities	187.1	211.9
Total current liabilities	839.4	1,060.8
Long-term debt, net current portion	3,840.2	3,872.1
Deferred income taxes	555.6	572.5
Other long-term liabilities	105.8	115.5
Total liabilities	5,341.0	5,620.9
Shareholders' equity:
Other equity	1,991.6	1,969.9
Accumulated earnings (deficit)	(58.3)	(246.7)
Accumulated other comprehensive (loss) income	(195.5)	(200.1)
Total shareholder's equity	1,737.8	1,523.1
Noncontrolling interest	49.8	49.7
Total equity	1,787.6	1,572.8
Total liabilities and equity	$ 7,128.6	$ 7,193.7

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Guarantor Statements - SB/RH (Statement Of Operations) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Condensed Income Statements, Captions [Line Items]
Net sales	$ 1,361.5	$ 1,247.5	$ 3,790.0	$ 3,382.3
Cost of goods sold	830.8	789.5	2,355.5	2,179.0
Restructuring and related charges	0.1		0.4	0.4
Gross profit	530.6	458.0	1,434.1	1,202.9
Selling	201.7	184.8	578.3	517.7
General and administrative	94.2	89.9	276.2	242.5
Research and development	14.6	12.9	42.9	36.9
Acquisition and integration related charges	8.0	24.2	31.2	44.2
Restructuring and related charges	5.4	10.5	7.8	21.9
Total operating expenses	323.9	322.3	936.4	863.2
Operating income (loss)	206.7	135.7	497.7	339.7
Interest expense	59.9	112.9	175.8	206.5
Other non-operating (income) expense, net	2.2	1.7	6.5	5.6
Income from operations before income taxes	144.6	21.1	315.4	127.6
Income tax expense (benefit)	42.5	(23.8)	46.8	4.8
Net income (loss)	102.1	44.9	268.6	122.8
Net income (loss) attributable to non-controlling interest	0.2		0.4	0.3
Net income (loss) attributable to controlling interest	101.9	44.9	268.2	122.5
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	615.6	577.7	1,821.9	1,672.6
Cost of goods sold	412.2	397.5	1,241.8	1,163.9
Gross profit	203.4	180.2	580.1	508.7
Selling	77.5	69.8	234.0	206.3
General and administrative	53.1	54.2	160.5	156.0
Research and development	9.1	8.3	27.2	24.3
Acquisition and integration related charges	4.4	21.9	18.0	33.9
Restructuring and related charges	0.6	22.7	1.9	30.7
Total operating expenses	144.7	176.9	441.6	451.2
Operating income (loss)	58.7	3.3	138.5	57.5
Interest expense	50.7	99.4	147.0	180.8
Other non-operating (income) expense, net	(129.9)	(89.6)	(282.7)	(175.6)
Income from operations before income taxes	137.9	(6.5)	274.2	52.3
Income tax expense (benefit)	32.7	(53.1)	10.9	(74.9)
Net income (loss)	105.2	46.6	263.3	127.2
Net income (loss) attributable to non-controlling interest				0.2
Net income (loss) attributable to controlling interest	105.2	46.6	263.3	127.0
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	567.6	324.1	1,167.8	529.7
Cost of goods sold	392.9	202.8	805.8	328.9
Gross profit	174.7	121.3	362.0	200.8
Selling	40.3	32.1	91.2	63.8
General and administrative	18.7	15.4	51.5	30.8
Research and development	1.6	1.0	4.4	2.0
Acquisition and integration related charges	0.3	0.4	3.5	3.0
Restructuring and related charges	3.7	0.2	4.0	0.3
Total operating expenses	64.6	49.1	154.6	99.9
Operating income (loss)	110.1	72.2	207.4	100.9
Interest expense	5.1	2.7	15.6	1.1
Other non-operating (income) expense, net	(24.6)	(42.7)	(116.7)	(114.0)
Income from operations before income taxes	129.6	112.2	308.5	213.8
Income tax expense (benefit)	(0.5)	22.2	24.2	44.3
Net income (loss)	130.1	90.0	284.3	169.5
Net income (loss) attributable to non-controlling interest		0.1		0.2
Net income (loss) attributable to controlling interest	130.1	89.9	284.3	169.3
Nonguarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	615.7	605.0	1,956.8	1,875.5
Cost of goods sold	460.0	445.3	1,457.6	1,375.2
Restructuring and related charges	0.1		0.4	0.4
Gross profit	155.6	159.7	498.8	499.9
Selling	84.0	83.2	254.1	248.2
General and administrative	21.0	18.6	59.8	51.3
Research and development	3.9	3.6	11.3	10.6
Acquisition and integration related charges	3.3	1.9	9.7	7.3
Restructuring and related charges	1.1	(12.4)	1.9	(9.1)
Total operating expenses	113.3	94.9	336.8	308.3
Operating income (loss)	42.3	64.8	162.0	191.6
Interest expense	4.1	10.8	13.1	24.6
Other non-operating (income) expense, net	2.3	1.0	6.4	4.0
Income from operations before income taxes	35.9	53.0	142.5	163.0
Income tax expense (benefit)	8.1	7.1	25.1	36.2
Net income (loss)	27.8	45.9	117.4	126.8
Net income (loss) attributable to non-controlling interest	0.1	0.1	0.3	0.2
Net income (loss) attributable to controlling interest	27.7	45.8	117.1	126.6
SB/RH Holdings, LLC [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	1,361.5	1,247.5	3,790.0	3,382.3
Cost of goods sold	830.8	789.5	2,355.5	2,179.0
Restructuring and related charges	0.1		0.4	0.4
Gross profit	530.6	458.0	1,434.1	1,202.9
Selling	201.7	184.8	578.3	517.7
General and administrative	92.8	88.2	271.7	238.1
Research and development	14.6	12.9	42.9	36.9
Acquisition and integration related charges	8.0	24.2	31.2	44.2
Restructuring and related charges	5.4	10.5	7.8	21.9
Total operating expenses	322.5	320.6	931.9	858.8
Operating income (loss)	208.1	137.4	502.2	344.1
Interest expense	59.9	112.9	175.8	206.5
Other non-operating (income) expense, net	2.2	1.7	6.5	5.6
Income from operations before income taxes	146.0	22.8	319.9	132.0
Income tax expense (benefit)	40.8	(23.8)	56.6	4.8
Net income (loss)	105.2	46.6	263.3	127.2
Net income (loss) attributable to non-controlling interest	0.1		0.3	0.2
Net income (loss) attributable to controlling interest	105.1	46.6	263.0	127.0
Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(437.4)	(259.3)	(1,156.5)	(695.5)
Cost of goods sold	(434.3)	(256.1)	(1,149.7)	(689.0)
Gross profit	(3.1)	(3.2)	(6.8)	(6.5)
Selling	(0.1)	(0.3)	(1.0)	(0.6)
General and administrative			(0.1)
Total operating expenses	(0.1)	(0.3)	(1.1)	(0.6)
Operating income (loss)	(3.0)	(2.9)	(5.7)	(5.9)
Interest expense			0.1
Other non-operating (income) expense, net	154.4	133.0	399.5	291.2
Income from operations before income taxes	(157.4)	(135.9)	(405.3)	(297.1)
Income tax expense (benefit)	0.5		(3.6)	(0.8)
Net income (loss)	(157.9)	(135.9)	(401.7)	(296.3)
Net income (loss) attributable to non-controlling interest		(0.2)		(0.4)
Net income (loss) attributable to controlling interest	$ (157.9)	$ (135.7)	$ (401.7)	$ (295.9)

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Guarantor Statements - SB/RH (Statement Of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ 102.1	$ 44.9	$ 268.6	$ 122.8
Foreign currency translation gain (loss)	(13.7)	9.5	(6.0)	(68.6)
Unrealized (loss) gain on derivative instruments	7.8	(12.0)	8.6	(8.6)
Defined benefit pension (loss) gain	1.2	(0.6)	1.7	2.8
Other comprehensive (loss) income, net of tax	(4.7)	(3.1)	4.3	(74.4)
Comprehensive income (loss)	97.4	41.8	272.9	48.4
Comprehensive income (loss) attributable to non-controlling interest	(0.2)		(0.3)	0.3
Comprehensive income (loss) attributable to controlling interest	97.6	41.8	273.2	48.1
Parent [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	105.2	46.6	263.3	127.2
Foreign currency translation gain (loss)	(13.7)	9.5	(6.0)	(68.6)
Unrealized (loss) gain on derivative instruments	7.8	(12.0)	8.6	(8.6)
Defined benefit pension (loss) gain	1.2	(0.6)	1.7	2.8
Other comprehensive (loss) income, net of tax	(4.7)	(3.1)	4.3	(74.4)
Comprehensive income (loss)	100.5	43.5	267.6	52.8
Comprehensive income (loss) attributable to non-controlling interest				0.2
Comprehensive income (loss) attributable to controlling interest	100.5	43.5	267.6	52.6
Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	130.1	90.0	284.3	169.5
Foreign currency translation gain (loss)	(13.7)	9.5	(6.0)	(69.2)
Unrealized (loss) gain on derivative instruments	6.7	(11.5)	3.9	(5.8)
Defined benefit pension (loss) gain	1.1	(0.6)	1.7	2.8
Other comprehensive (loss) income, net of tax	(5.9)	(2.6)	(0.4)	(72.2)
Comprehensive income (loss)	124.2	87.4	283.9	97.3
Comprehensive income (loss) attributable to non-controlling interest				0.2
Comprehensive income (loss) attributable to controlling interest	124.2	87.4	283.9	97.1
Nonguarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	27.8	45.9	117.4	126.8
Foreign currency translation gain (loss)	(13.7)	9.5	(5.9)	(69.2)
Unrealized (loss) gain on derivative instruments	6.7	(11.5)	3.8	(5.8)
Defined benefit pension (loss) gain	1.2	(0.6)	1.6	2.8
Other comprehensive (loss) income, net of tax	(5.8)	(2.6)	(0.5)	(72.2)
Comprehensive income (loss)	22.0	43.3	116.9	54.6
Comprehensive income (loss) attributable to non-controlling interest	(0.2)		(0.3)	0.2
Comprehensive income (loss) attributable to controlling interest	22.2	43.3	117.2	54.4
SB/RH Holdings, LLC [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	105.2	46.6	263.3	127.2
Foreign currency translation gain (loss)	(13.7)	9.5	(6.0)	(68.6)
Unrealized (loss) gain on derivative instruments	7.8	(12.0)	8.6	(8.6)
Defined benefit pension (loss) gain	1.2	(0.6)	1.7	2.8
Other comprehensive (loss) income, net of tax	(4.7)	(3.1)	4.3	(74.4)
Comprehensive income (loss)	100.5	43.5	267.6	52.8
Comprehensive income (loss) attributable to non-controlling interest	(0.2)		(0.3)	0.2
Comprehensive income (loss) attributable to controlling interest	100.7	43.5	267.9	52.6
Eliminations [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(157.9)	(135.9)	(401.7)	(296.3)
Foreign currency translation gain (loss)	27.4	(19.0)	11.9	138.4
Unrealized (loss) gain on derivative instruments	(13.4)	23.0	(7.7)	11.6
Defined benefit pension (loss) gain	(2.3)	1.2	(3.3)	(5.6)
Other comprehensive (loss) income, net of tax	11.7	5.2	0.9	144.4
Comprehensive income (loss)	(146.2)	(130.7)	(400.8)	(151.9)
Comprehensive income (loss) attributable to non-controlling interest				(0.4)
Comprehensive income (loss) attributable to controlling interest	$ (146.2)	$ (130.7)	$ (400.8)	$ (151.5)

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Guarantor Statements - SB/RH (Statement Of Cash Flows) (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used) provided by operating activities	$ 117.9	$ (159.2)
Cash flows from investing activities
Purchases of property, plant and equipment	(59.6)	(49.5)
Business acquisitions, net of cash acquired		(1,193.2)
Proceeds from sales of property, plant and equipment	0.8	1.3
Other investing activities	(1.9)	(0.9)
Net cash used by investing activities	(60.7)	(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt	203.9	3,143.5
Payment of debt	(270.2)	(2,275.2)
Payment of debt issuance costs	(1.6)	(42.7)
Payment of cash dividends to parent	(64.6)	(51.0)
Payment of contingent consideration	(3.2)
Share based award tax withholding payments, net of proceeds	(10.5)	(1.9)
Net cash (used) provided by financing activities	(186.4)	1,327.1
Effect of exchange rate changes on cash and cash equivalents	(1.7)	(13.0)
Net increase (decrease) in cash and cash equivalents	(130.9)	(87.4)
Cash and cash equivalents, beginning of period	247.9	194.6
Cash and cash equivalents, end of period	117.0	107.2
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used) provided by operating activities	(272.0)	(544.1)
Cash flows from investing activities
Purchases of property, plant and equipment	(32.2)	(25.0)
Business acquisitions, net of cash acquired		(1,077.5)
Proceeds from sales of property, plant and equipment	0.1	0.1
Other investing activities	(0.6)
Net cash used by investing activities	(32.7)	(1,102.4)
Cash flows from financing activities
Proceeds from issuance of debt	217.8	3,177.0
Payment of debt	(310.0)	(1,989.8)
Payment of debt issuance costs	(1.6)	(37.3)
Payment of cash dividends to parent	(74.6)	(51.0)
Payment of contingent consideration	(3.2)
Advances related to intercompany transactions	467.2	18.9
Capital contribution from parent		528.3
Share based award tax withholding payments, net of proceeds		(1.9)
Net cash (used) provided by financing activities	295.6	1,644.2
Net increase (decrease) in cash and cash equivalents	(9.1)	(2.3)
Cash and cash equivalents, beginning of period	13.0	4.8
Cash and cash equivalents, end of period	3.9	2.5
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used) provided by operating activities	219.5	(355.9)
Cash flows from investing activities
Purchases of property, plant and equipment	(6.0)	(7.3)
Other investing activities	(1.3)
Net cash used by investing activities	(7.3)	(7.3)
Cash flows from financing activities
Advances related to intercompany transactions	(218.3)	369.0
Net cash (used) provided by financing activities	(218.3)	369.0
Net increase (decrease) in cash and cash equivalents	(6.1)	5.8
Cash and cash equivalents, beginning of period	8.6	11.2
Cash and cash equivalents, end of period	2.5	17.0
Nonguarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used) provided by operating activities	(99.8)	(1,358.3)
Cash flows from investing activities
Purchases of property, plant and equipment	(21.4)	(17.2)
Business acquisitions, net of cash acquired		(115.7)
Proceeds from sales of property, plant and equipment	0.7	1.2
Other investing activities		(0.9)
Net cash used by investing activities	(20.7)	(132.6)
Cash flows from financing activities
Payment of debt	(1.7)	(292.1)
Advances related to intercompany transactions	8.1	1,706.8
Net cash (used) provided by financing activities	6.4	1,414.7
Effect of exchange rate changes on cash and cash equivalents	(1.7)	(13.0)
Net increase (decrease) in cash and cash equivalents	(115.8)	(89.2)
Cash and cash equivalents, beginning of period	226.3	176.9
Cash and cash equivalents, end of period	110.5	87.7
SB/RH Holdings, LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used) provided by operating activities	104.7	(163.6)
Cash flows from investing activities
Purchases of property, plant and equipment	(59.6)	(49.5)
Business acquisitions, net of cash acquired		(1,193.2)
Proceeds from sales of property, plant and equipment	0.8	1.3
Other investing activities	(1.9)	(0.9)
Net cash used by investing activities	(60.7)	(1,242.3)
Cash flows from financing activities
Proceeds from issuance of debt	217.8	3,177.0
Payment of debt	(311.7)	(2,281.9)
Payment of debt issuance costs	(1.6)	(37.3)
Payment of cash dividends to parent	(74.6)	(51.0)
Payment of contingent consideration	(3.2)
Capital contribution from parent		528.3
Share based award tax withholding payments, net of proceeds		(1.9)
Net cash (used) provided by financing activities	(173.3)	1,333.2
Effect of exchange rate changes on cash and cash equivalents	(1.7)	(13.0)
Net increase (decrease) in cash and cash equivalents	(131.0)	(85.7)
Cash and cash equivalents, beginning of period	247.9	192.9
Cash and cash equivalents, end of period	116.9	107.2
Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used) provided by operating activities	257.0	2,094.7
Cash flows from financing activities
Advances related to intercompany transactions	(257.0)	(2,094.7)
Net cash (used) provided by financing activities	$ (257.0)	$ (2,094.7)