10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

For the Fiscal Year Ended September 30, 2015

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

Securities registered pursuant to Section 12(b) of the Act:

Registrant	Title of each class	Name of each exchange on which registered
Spectrum Brands Holdings, Inc.	Common Stock, Par Value $0.01	New York Stock Exchange
SB/RH Holdings, LLC	None	None

Securities registered pursuant to Section 12(g) of the Act:

None

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Indicate by check mark if the registrantsare well-known seasoned issuers, as defined in Rule 405 of the Securities Act.

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

Indicate by check mark if the registrants are not required to file reports pursuant to Section 13 or Section 15(d) of the Act. 

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

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 if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Spectrum Brands Holdings, Inc.	☐
SB/RH Holdings, LLC	☐

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	☒

The aggregate market value of the voting stock held by non-affiliates of Spectrum Brands Holdings, Inc. was approximately $1,937,571,248based upon the closing price on the last business day of the registrant's most recently completed second fiscal quarter (March 29, 2015). As of November 17, 2015, there were outstanding 59,087,918 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 I(1)(a) and (b) of Form 10-K and has therefore omitted the information otherwise called for by Items 10 to 13 of Form 10-K as allowed under General Instruction I(2)(c).

DOCUMENTS INCORPORATED BY REFERENCE

Portions of Spectrum Brands Holdings, Inc.’s definitive proxy statement to be filed within 120 days of September 30, 2015 are incorporated by reference in this Annual Report on Form 10-K in response to Part III, Items 10, 11, 12, 13 and 14.

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SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

TABLE OF CONTENTS

		Page
PART I
ITEM 1.	BUSINESS	6
ITEM 1A.	RISK FACTORS	18
ITEM 1B.	UNRESOLVED STAFF COMMENTS	35
ITEM 2.	PROPERTIES	35
ITEM 3.	LEGAL PROCEEDINGS	36
ITEM 4.	MINE SAFETY DISCLOSURES	37
PART II
ITEM 5.	MARKET FOR THE REGISTRANTS’ COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	38
ITEM 6.	SELECTED FINANCIAL DATA	39
ITEM7	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	41
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	60
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	61
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	61
ITEM 9A.	CONTROLS AND PROCEDURES	61
ITEM 9B.	OTHER INFORMATION	63
PART III
ITEM10	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	64
ITEM 11.	EXECUTIVE COMPENSATION	64
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	65
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE	65
ITEM 14.	PRINCIPAL ACCOUNTING FEES AND SERVICES	65
PART IV
ITEM 15.	EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES	67
	INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULE	68
	SIGNATURES	126
	EXHIBIT INDEX	128

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Filing Format

This combined Form 10-K is being filed separately by Spectrum Brands Holdings, Inc. (“SBH”) and SB/RH Holdings, LLC (“SB/RH”) (collectively, the “Company”).  SB/RH is a wholly-owned subsidiary of SBH and represents a majority of its assets, liabilities, revenues, expenses and operations.  Thus, all information contained in this report relates to, and is filed by, SBH.  Information that is specifically identified in this report as relating solely to SBH, such as its financial statements and its common stock, does not relate to and is not filed by SB/RH.  SB/RH makes no representation as to that information.  The terms “the Company,” “we,” and “our” as used in this report, refer to both SBH and its consolidated subsidiaries and SB/RH and its consolidated subsidiaries, unless otherwise indicated.  The terms “SBH” and “SB/RH” refer to Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC, respectively. 

Forward-Looking Statements

We have made or implied certain forward-looking statements in this Annual Report on Form 10-K.  All statements, other than statements of historical facts included in this Annual Report, including the statements under Item 7 “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 Annual 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;

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· 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 section entitled “Risk Factors” set forth below. You should assume the information appearing in this Annual Report on Form 10-K is accurate only as of September 30, 2015 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.

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PART I

ITEM 1. BUSINESS

General

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) Global Pet Supplies, (iii) Home and Garden, (iv) Hardware & Home Improvement 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 18, “Segment Information” of Notes to the Consolidated Financial Statements, included elsewhere in this Annual 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(1)	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

⁽¹⁾ On May 21, 2015, the Company acquired Armored AutoGroup Parent, Inc. (“AAG”).  For more information pertaining to the AAG acquisition, see Note 3, “Acquisitions” in the Notes to the Consolidated Financial Statements included elsewhere in this Annual Report.

Our operating performance is influenced by a number of factors including: general economic conditions; foreign exchange fluctuations; trends in consumer markets; consumer confidence and preferences; our overall product line mix, including pricing and gross margin, which vary by product line and geographic market; pricing of certain raw materials and commodities; energy and fuel prices; and our general competitive position, especially as impacted by our competitors’ advertising and promotional activities and pricing strategies.

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Our Products

Net sales of each product category sold, as a percentage of net sales of our consolidated operations for the years ended September 30, 2015, 2014 and 2013, are as follows.

	2015		2014		2013
Hardware and home improvement products	26	%	26	%	21	%
Consumer batteries	18	%	22	%	23	%
Small appliances	16	%	16	%	18	%
Pet supplies	16	%	14	%	15	%
Personal care products	11	%	12	%	13	%
Home and garden products	10	%	10	%	10	%
Auto care products	3	%	—	%	—	%
	100	%	100	%	100	%

Hardware and Home Improvement Products

In the hardware and home improvement product category we market and sell a broad range of residential locksets and door hardware, including knobs, levers, deadbolts, handlesets and electronics. We offer our security hardware under three main brands, Kwikset, Weiser and Baldwin. On a global basis we are one of the largest producers of tubular residential locksets. Kwikset includes opening to mid-price point residential door hardware sold primarily in the U.S. retail and wholesale channels. Products are offered under the three brands Safe Lock, Kwikset and Kwikset Signature Series.  Weiser offers opening to mid-price point residential door hardware sold primarily in the Canadian retail and wholesale channels. Baldwin offers high price point luxury hardware sold globally through the showroom and lumber yard channels.

As a demonstration of our design and engineering team’s ability to innovate, our patented SmartKey technology enables consumers to easily rekey their locks without hiring a locksmith. SmartKey is sold across all channels of distribution and provides opportunities for further growth. Market share gains stemming from our SmartKey products further augment our overall market share in the residential lockset space. Also in security, we are capitalizing on the emerging trend in home automation and have developed further innovation in electronics where we utilize open-platform electronics to build scalable partnerships with technology and access control industry leaders.

Our Kwikset brand has launched the Kevo Bluetooth enabled deadbolt. The Kevo Bluetooth deadbolt turns a smart phone into a key and allows authorized users to open their Kwikset deadbolt by simply touching the lock. Owners of Kevo can also send digital EKeys and monitor the use of their lock by downloading the Kevo app for Apple iPhone and Google Android phone users.  

We also offer other hardware products that include hinges, security hardware, screen and storm door products, garage door hardware, window hardware and floor protection under the Stanley and National Hardware brand names throughout the U.S. and Canada. Although the product line is largely harmonized between the brands, the dual branding approach has been utilized to protect legacy business with key customers and avoid channel conflict.

On October 1, 2014, the Company acquired privately owned Tell Manufacturing, Inc. (“Tell”), a leading U.S. manufacturer and distributor of commercial doors, locks and hardware.  Tell provides the Hardware and Home Improvement segment with an established commercial security sales position through a high-quality and well recognized brand and a platform to expand our patented SmartKey and Kevo residential lock technologies into growing commercial channels.  Tell also adds doors and hollow metal door manufacturing capabilities, a strategically important adjacent category.

Furthermore, we provide kitchen, bath and shower faucets as well as other plumbing products through our Pfister brand. Pfister is recognized for bringing showroom styles to the mass market at affordable prices and offers a lifetime warranty on all of its products. We have combined robust customer collaboration with consumer driven research to drive innovative products that are well-received by the market. With its affordable, quick-to-market and custom designed solutions, Pfister has an established capability to effectively service hospitality and international markets. Pfister seeks to differentiate itself from competition through its breadth of styles and finishes designed to meet consumer, plumber and builder needs.

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Consumer Batteries

We market and sell a full line of alkaline batteries to both retail and industrial customers. Our alkaline batteries are marketed and sold primarily under the Rayovac and VARTA brands. We also manufacture alkaline batteries for third parties who sell the batteries under their own private labels. Our zinc carbon batteries are also marketed and sold primarily under the Rayovac and VARTA brands and are designed for low and medium drain battery powered devices. We also sell Nickel Metal Hydride (NiMH) rechargeable batteries and a variety of battery chargers under the Rayovac and VARTA brands.  Recently, Rayovac introduced its highest performing alkaline battery, FUSION.  Rayovac’s FUSION features a slim seal technology and optimized chemistry.

We believe that we are currently the largest worldwide marketer and distributor of hearing aid batteries. We sell our hearing aid batteries through retail trade channels and directly to professional audiologists under several brand names and private labels, including Beltone, Miracle Ear and Starkey.Our other specialty battery products include camera batteries, lithium batteries, silver oxide batteries, keyless entry batteries and coin cells for use in watches, cameras, calculators, communications equipment, medical instruments and on the go chargers.

We also offer a broad line of battery-powered, portable lighting products, including flashlights and lanterns for both retail and industrial markets. We sell our portable lighting products under the Rayovac and VARTA brand names, under other proprietary brand names and pursuant to licensing arrangements with third parties.  Recently, Rayovac introduced an outdoor portable charging line including the RescuerTM, the AdventurerTM and the rechargeable Power Pack duo, consisting of the DayTripperTM and WeekenderTM Power Packs.  The featured portable chargers were designed for the outdoor enthusiast.  Rayovac’s flagship chargers were named International CES Innovations 2014 Design and Engineering Award Honorees.

Small Appliances

We market and sell a broad range of products in the branded small household appliances category under the George Foreman, Black & Decker, Russell Hobbs, Juiceman and Breadman brands, including grills, bread makers, sandwich makers, kettles, toaster ovens, toasters, blenders, juicers, can openers, coffee grinders, coffeemakers, electric knives, deep fryers, food choppers, food processors, hand mixers, rice cookers and steamers. We also market small home product appliances, including hand-held irons, vacuum cleaners, air purifiers, clothes shavers and heaters, primarily under the Black & Decker and Russell Hobbs brands.

The Black and Decker brand debuted a new look in 2014 and continues to release new lines of products to meet customer needs.  These items include FusionBlade Technology blenders, a variety of coffee makers, choppers and a new category for the brand, slow cookers.  Black and Decker also premiered its 5 Minute Pizza Oven and Snack Maker, which cooks frozen or fresh pizzas, frozen snacks, baked goods and more.  Additionally, the George Foreman brand continues to introduce new grilling systems, including its Evolve Grill System that comes with advanced ceramic and accessory plates such as baking dishes and muffin pans, the Camp & Tailgate Propane Grill, the Dual Surface Friddle + Grill, and the Grill & Broil which broils and top melts.  The George Foreman iConnect Platform, a platform of smart device connected products, has also been introduced.

Pet Supplies

In the pet supplies product category we market and sell a variety of leading branded pet supplies for fish, dogs, cats, birds and other small domestic animals. We have a broad line of consumer and commercial aquatics products, including integrated aquarium kits, stand-alone tanks and stands, filtration systems, heaters, pumps, and other equipment, fish food and water treatment products. Our largest aquatics brands are Tetra, Marineland, Whisper, Jungle and Instant Ocean. We also sell a variety of specialty pet products, including dog and cat treats, small animal food and treats, clean up and training aid products, health and grooming aids, bedding products, and consumable accessories including privacy tents, litter carpets, crystal litter cartridges, charcoal filters, corn-based litter and replaceable waste receptacles. Our largest specialty pet brands include FURminator, 8-in-1, Dingo, Nature’s Miracle, Wild Harvest and Littermaid.

On December 31, 2014, we completed the acquisition of Procter & Gamble’s European pet food business, consisting of the complementary IAMS and Eukanuba premium brands for dogs and cats, which are in an adjacent category to our global pet business.  The acquired business provides access to the growing European dog and cat food market.  Eukanuba, a premium brand in the pet specialty channel, is a popular brand with breeders and veterinarians in Europe.  IAMS, a premium brand with broad consumer appeal, has a leadership share of the premium dry dog food market in the United Kingdom primarily through the food and mass merchandiser channel with opportunities to grow further across Europe.  IAMS is positioned for consumers who treat their pets as family members and view the food they feed their pets as a way to make them happy.

On January 16, 2015, we acquired privately owned Salix Animal Health, a vertically integrated producer and distributor of premium, natural rawhide dog chews, treats and snacks, offering a comprehensive line of chews made from beef hides, pork, chicken, beef and other various proteins.  Branded and private label products are sold to mass merchandisers, grocery stores, pet specialty stores and warehouse clubs.  Its two flagship brands are Healthy-Hide that is marketed across the Good’n’Fun, Good’n’Fit, and Good’n’Tasty

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family of brands, and Digest-eeze.  With a flexible supply chain, including multiple manufacturing plants in Ecuador, Mexico and two in Colombia, Salix will provide the Pet Supplies segment with increased optionality for a low-cost global rawhide production and supply; and expand our strong Dingo dog treats business with complementary product offerings.

Personal Care Products

Our personal care products, marketed and sold under the Remington brand name, include hand-held dryers, curling irons, straightening irons, brush irons, hair setters, facial brushes, skin appliances, electric toothbrushes and hair accessories.

We market and sell a broad line of electric shaving and grooming products under the Remington brand name, including men’s rotary and foil shavers, beard and mustache trimmers, body, nose and ear trimmers, women’s shavers, haircut kits and intense pulsed light hair removal systems.  Recently, we introduced the Remington SmartEdge Foil Shaver.  This shaving system combines the closeness of a foil and mobility of a rotary to create ActiveHybrid technology.  Additionally, our Remington brand introduced other new personal care products such as the HyperFlex rotary shaver, Vacuum Beard and Grooming kit and Virtually Indestructible Hair Clipper.

Home andGarden Products

In the home, lawn and garden products category, we currently sell and market a variety of leading insect and weed control products, including household insecticides, insect repellents, and lawn insect and weed control solutions. We offer a broad array of household pest control solutions such as spider and scorpion killers; roach and ant killers; flying insect killers; insect foggers; wasp and hornet killers; bedbug, flea and tick control products; and roach and ant baits. We also offer powerful rodent traps and rodenticides with discreet designs that are easy to refill and reuse. Our largest brands in the household insect control and rodenticide category are Hot Shot and Black Flag.  Recently we introduced our novel, award-winning Black Flag Refillable Rat Bait Station, a reusable rodenticide product that is easy to refill.

This segment also manufactures and markets a complete line of insect repellent products that provide protection from various outdoor nuisance pests, especially mosquitoes. These products include both personal repellents available in a variety of formulas (such as aerosols, lotions, pump sprays and wipes) to match consumers’ dynamic needs, as well as area repellents (such as yard sprays, citronella candles and patio lanterns) that let consumers enjoy the outdoors without bothersome pests. Our brands in the insect repellents category are Cutter and Repel.  We have recently increased our pest repellent offerings with the Cutter Backwoods Dry Insect Repellent aerosol and the Repel Tick Defense aerosol.

In addition to providing pest solutions, our line of outdoor insect and weed control solutions allows consumers to conquer bugs and weeds, and tackle their biggest lawn and landscaping projects themselves. From selective and non-selective herbicides to pest-specific solutions, our outdoor products are available in easy-to-use formulations (such as aerosols, granules, ready-to-use or hose-end ready-to-sprays) designed to fulfill a variety of consumer needs. Our outdoor insecticide and herbicide brands include Spectracide, Garden Safe and Liquid Fence.Continuing our pursuit of innovation, we started offering the Mulch-Lock Ready-to-Use and Mulch-Lock Concentrate, which are versatile landscaping tools that can be used to eliminate frequent groundcover maintenance and help customers save time, effort and money.  The Spectracide brand recently introduced the AccuShot Sprayer, which was recognized recently with a Gold Innovation Award from Home Improvement Executive magazine.  The AccuShot Sprayer is a handheld applicator that allows for continuous spraying and precise application of product.  It features a comfortable, ergonomic grip, and an extendable wand that makes it easier to target only the pests and weeds you want to kill.  In addition, it features a one-touch continuous spray that requires no repetitive squeezing, pumping or pulling.  Another key benefit for consumers is the fact that the AccuShot Sprayer is reusable with exclusive refill products available for purchase.

Auto Care Products

On May 21, 2015, we completed the acquisition of 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.

Armor All is a leading automotive aftermarket appearance product brand in the United States with a comprehensive line of products.  We believe that Armor All has distinguished itself as a leader in the automotive aftermarket appearance products category based upon its household name, high quality product formulations, convenient application methods and tradition of innovation.  Armor All’s current product line of protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners and washes is designed to clean, shine, refresh and protect interior and exterior automobile surfaces. 

The STP brand has been characterized by a commitment to technology, performance and motor sports partnerships for over 60 years.  We believe the STP brands’ fuel and oil additives, functional fluids and automotive appearance products benefit from a rich heritage in the car enthusiast and racing scenes.  We believe that the strong brand equity of STP also provides for attractive licensing

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opportunities that augment our presence in our core performance categories.

The results of AAG’s operations are included as a new segment, Global Auto Care, within the Company’s consolidated operating results from the acquisition date of May 21, 2015.

Sales and Distribution

We sell our products through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, construction companies and OEMs. Our sales generally are made through the use of individual purchase orders, consistent with industry practice. Retail sales of the consumer products we market have been increasingly consolidated into a small number of regional and national mass merchandisers. This trend towards consolidation is occurring on a worldwide basis. As a result of this consolidation, a significant percentage of our sales are attributable to a very limited group of retailer customers, including Wal-Mart, The Home Depot, Lowe’s, Carrefour, Target, PetSmart, Canadian Tire, PetCo and Gigante. Our sales to our largest customer represented approximately 15% of our consolidated net sales for the fiscal year ended September 30, 2015. No other customer accounted for more than 10% of our consolidated net sales in the fiscal year ended September 30, 2015.

Segment information as it relates to revenues, profits and total assets as well as information concerning our revenues and long-lived assets by geographic location is set forth in Note 18, “Segment Information,” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report.Sales and distribution practices in each of our reportable segments are as set forth below.

Global Batteries & Appliances

We manage our Global Batteries & Appliances sales force by geographic region and product group. Our sales team is divided into four major geographic territories:  North America, Latin America, Europe and Asia-Pacific. Within each major geographic territory, we have additional subdivisions designed to meet our customers’ needs.We manage our sales force in North America by distribution channel. We maintain separate sales groups to service (i) our retail sales and distribution channel, (ii) our hearing aid professionals channel and (iii) our industrial distributors and OEM sales and distribution channel. In addition, we utilize a network of independent brokers to service participants in selected distribution channels.We manage our sales force in Latin America by distribution channel and geographic territory. We sell primarily to large retailers, wholesalers, distributors, food and drug chains and retail outlets. In countries where we do not maintain a sales force, we sell to distributors who market our products through all channels in the market.The sales force serving our customers in Europe and Asia-Pacific is supplemented by an international network of distributors to promote the sale of our products. Our sales operations throughout Europe and Asia-Pacific are organized by geographic territory and the following sales channels: (i) food/retail, which includes mass merchandisers, discounters and drug and food stores; (ii) specialty trade, which includes clubs, consumer electronics stores, department stores, photography stores and wholesalers/distributors; and (iii) industrial, government, hearing aid professionals and OEMs.

Global Pet Supplies

Our Global Pet Supplies sales force is aligned by customer, geographic region and product group. We sell pet supply products to mass merchandisers, grocery and drug chains, pet superstores, independent pet stores and other retailers.

Home and Garden

The Home and Garden business sales force is geographically aligned with our key customers. We sell primarily to home improvement centers, mass merchandisers, dollar stores, hardware stores, home and garden distributors, and food and drug retailers primarily in the U.S.

Hardware & Home Improvement

The sales force of the Hardware & Home Improvement business is aligned by customer and geographic region. We sell primarily to large retailers, non-retail distributors, home improvement centers, hardware stores, home builders and other retailers.

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Global Auto Care

The Global Auto Care business sales force is geographically aligned with key customers.  We sell primarily to big box auto, auto specialty retail, mass retailers, food and drug retailers, and convenience retailers.  We market our products in the U.S. through a number of channels and use a number of sales strategies.  Sales personnel call directly on major accounts and have support teams for supply and marketing.  Our small regional and convenience store customers are serviced by brokers and distributors.  International distribution varies by region and is often executed on a country-by-country basis.   A majority of international sales are completed using distributors.

Manufacturing, Raw Materials and Suppliers

The principal raw materials used in manufacturing our products are zinc, electrolytic manganese dioxide, brass and steel that are sourced either on a global or regional basis. The prices of these raw materials are susceptible to price fluctuations due to supply and demand trends, energy costs, transportation costs, government regulations and tariffs, changes in currency exchange rates, price controls, general economic conditions and other unforeseen circumstances. We have regularly engaged in forward purchase and hedging derivative transactions in an attempt to effectively manage the raw material costs we expect to incur over the next 12 to 24 months.

Substantially all of our rechargeable batteries and chargers, portable lighting products, hair care and other personal care products and our electric shaving and grooming products and small appliances are manufactured by third party suppliers that are primarily located in the Asia-Pacific region. We maintain ownership of most of the tooling and molds used by our suppliers.

We continually evaluate our manufacturing facilities’ capacity and related utilization. As a result of such analyses, we have closed a number of manufacturing facilities during the past five years. In general, we believe our existing facilities are adequate for our present and foreseeable needs.

Research and Development

Our research and development strategy is focused on new product development and performance enhancements of our existing products. We plan to continue to use our strong brand names, established customer relationships and significant research and development efforts to introduce innovative products that offer enhanced value to consumers through new designs and improved functionality.

During the years ended September 30, 2015, 2014 and 2013, we invested $51.3 million, $47.9 million and $43.3 million, respectively, in product research and development.

Patents and Trademarks

We use and maintain a number of trademarks in our business, including, among others, RAYOVAC, VARTA, REMINGTON, GEORGE FOREMAN, RUSSELL HOBBS, FARBERWARE, TOASTMASTER, BREADMAN, JUICEMAN, BLACK & DECKER,TETRA, 8IN1, DINGO, NATURE’S MIRACLE, WILD HARVEST, MARINELAND, FURMINATOR, LITTERMAID, BIRDOLA, HEALTHY HIDE, DIGEST-EEZE, IAMS, EUKANUBA, SPECTRACIDE, CUTTER, HOT SHOT, REAL KILL, ULTRA KILL, BLACK FLAG, LIQUID FENCE, RID-A-BUG, TAT, GARDEN SAFE, REPEL, KWIKSET, WEISER, BALDWIN, NATIONAL HARDWARE, FANAL, PFISTER, TELL, ARMOR ALL, STP, and A/C PRO. We seek trademark protection in the U.S. and in foreign countries.

We own or license from third parties a significant number of patents and patent applications throughout the world relating to products we sell and manufacturing equipment we use. We hold a license that expires in March 2022 for certain alkaline battery designs, technology and manufacturing equipment from Matsushita Electrical Industrial Co., Ltd. (“Matsushita”), to whom we pay a royalty.

As a result of the October 2002 sale by VARTA AG of substantially all of its consumer battery business to us and VARTA AG’s subsequent sale of its automotive battery business to Johnson Controls, Inc. (“Johnson Controls”), we acquired rights to the VARTA trademark in the consumer battery category and Johnson Controls acquired rights to the trademark in the automotive battery category. VARTA AG continues to have rights to use the trademark with travel guides and industrial batteries and VARTA Microbattery GmbH has the right to use the trade mark with micro batteries. We are party to a Trademark and Domain Names Protection and Delimitation Agreement that governs ownership and usage rights and obligations of the parties relative to the VARTA trademark.

As a result of the common origins of the Remington Products, L.L.C. (“Remington Products”) business we acquired in September 2003 and the Remington Arms Company, Inc. (“Remington Arms”), the REMINGTON trademark is owned by us and by Remington Arms each with respect to its principal products as well as associated products. Accordingly, we own the rights to use the REMINGTON trademark for electric shavers, shaver accessories, grooming products and personal care products, while Remington Arms owns the rights to use the trademark for firearms, sporting goods and products for industrial use, including industrial hand tools. In addition, the

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terms of a 1986 agreement between Remington Products and Remington Arms provides for the shared rights to use the REMINGTON trademark on products which are not considered “principal products of interest” for either company. We retain the REMINGTON trademark for nearly all products which we believe can benefit from the use of the brand name in our distribution channels.

We license the Black and Decker brand in North America, Latin America (excluding Brazil) and the Caribbean for four core categories of household appliances: beverage products, food preparation products, garment care products and cooking products. We have licensed the Black and Decker brand since 1998 for use in marketing various household small appliances. In July 2014,  Spectrum Brands and The Black and Decker Corporation (“BDC”) extended the trademark license agreement through December 2018.  Under the agreement as extended, Spectrum Brands agreed to pay BDC royalties based on a percentage of sales, with minimum annual royalty payments of $15.0 million through calendar year 2018. The agreement also requires us to comply with maximum annual return rates for products.  If BDC does not agree to renew the license agreement, we have 18 months to transition out of the brand name. No minimum royalty payments will be due during such transition period. BDC has agreed not to compete in the four core product categories for a period of five years after the end of the transition period following termination of the license agreement. Upon request, BDC may elect to extend the license to use the Black & Decker brand to certain additional product categories. BDC has approved several extensions of the license to additional categories and geographies.

Through the acquisition of the residential hardware and home improvement business (the “HHI Business”), we own the patented SmartKey technology, which enables customers to easily rekey their locks without hiring a locksmith.

We own a 56% interest in Shaser, Inc. Through this ownership we have patented technology that is used in our i-Light and i-Light Reveal product line.

Competition

In our retail markets, we compete for limited shelf space and consumer acceptance. Factors influencing product sales include brand name recognition, perceived quality, price, performance, product packaging, design innovation, and consumer confidence and preferences as well as creative marketing, promotion and distribution strategies.

The following factors contribute to our ability to succeed in these highly competitive product categories:

· Strong Diversified Global Brand Portfolio. We have a global portfolio of well-recognized consumer product brands. We believe that the strength of our brands positions us to extend our product lines and provide our retail customers with strong sell-through to consumers.

· Strong Global Retail Relationships. We have well-established business relationships with many of the top global retailers, distributors and wholesalers, which have assisted us in our efforts to expand our overall market penetration and promote sales.

· Expansive Distribution Network. We distribute our products in approximately 160 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, construction companies and Original Equipment Manufacturers.

· Innovative New Products, Packaging and Technologies. We have a long history of product and packaging innovations in each of our seven product categories and continually seek to introduce new products both as extensions of existing product lines and as new product categories.

· Experienced Management Team. Our management team has substantial consumer products experience. On average, each senior management team member has more than 20 years of experience at Spectrum Brands, VARTA, Remington, Russell Hobbs or other branded consumer product companies such as Newell Rubbermaid.

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Global Batteries & Appliances

The consumer battery product category consists of non-rechargeable alkaline or zinc carbon batteries in cell sizes of AA, AAA, C, D and 9-volt, specialty batteries, which include rechargeable batteries, hearing aid batteries, photo batteries and watch/calculator batteries; and portable lighting products. The battery product category is highly competitive. Most consumer batteries manufactured throughout the world are sold by one of four global companies: Spectrum Brands (manufacturer/seller of Rayovac and VARTA brands); Energizer Holdings, Inc. (“Energizer”) (manufacturer/seller of the Energizer brand); The Procter & Gamble Company (“Procter & Gamble”) (manufacturer/seller of the Duracell brand); and Matsushita (manufacturer/seller of the Panasonic brand). We also face competition from the private label brands of major retailers, particularly in Europe. The offering of private-label batteries by retailers may create pricing pressure in the consumer battery market. Typically, private-label brands are not supported by advertising or promotion, and retailers sell these private label offerings at prices below competing name-brands. The main barriers to entry for new competitors are investment in technology research, cost of building manufacturing capacity and the expense of building retail distribution channels and consumer brands.

The majority of consumers in North America and Europe purchase alkaline batteries. The Latin America market consists primarily of zinc carbon batteries but is gradually converting to higher-priced alkaline batteries as household disposable income grows. In the U.S. alkaline battery category, the Rayovac brand is positioned as a value brand, which is typically defined as a product that offers comparable performance at a lower price. In Europe, the VARTA brand is competitively priced with other premium brands. In Latin America, where zinc carbon batteries outsell alkaline batteries, the Rayovac brand is competitively priced.

We believe that we are the largest worldwide marketer of hearing aid batteries and that we continue to maintain a leading global market position. We believe that our close relationship with hearing aid manufacturers and other customers, as well as our product performance improvements and packaging innovations, position us for continued success in this category.

Products in our small appliances category consist of small electrical appliances primarily in the kitchen and home product categories. Primary competitive brands in the small appliance category include Hamilton Beach, Proctor Silex, Sunbeam, Mr. Coffee, Oster, General Electric, Rowenta, DeLonghi, Kitchen Aid, Cuisinart, Krups, Braun, Rival, Europro, Kenwood, Philips, Morphy Richards, Breville and Tefal. The key competitors in this market in the U.S. and Canada include Jarden Corporation, DeLonghi America, Euro-Pro Operating LLC, Metro Thebe, Inc., d/b/a HWI Breville, NACCO Industries, Inc. (Hamilton Beach) and SEB S.A. In addition, we compete with retailers who use their own private label brands for household appliances (for example, Wal-Mart).

We also operate in the personal care product category, consisting of electric shavers and accessories, electric grooming products and hair care appliances and accessories. Electric shavers include men’s and women’s shavers (both rotary and foil design) and electric shaver accessories consisting of shaver replacement parts (primarily foils and cutters), pre-shave products and cleaning agents. Electric shavers are marketed primarily under our Remington brand. Electric grooming products include beard and mustache trimmers, nose and ear trimmers, body groomers and haircut kits and related accessories. Hair care appliances include hair dryers, straightening irons, styling irons and hair-setters.  Europe and North America account for the majority of our worldwide personal care product category sales.

Our primary competitors in the personal products category are Norelco, a division of Koninklijke Philips Electronics NV (“Philips”), which sells and markets rotary shavers, and Braun, a division of Procter & Gamble, which sells and markets foil shavers. Through our Remington brand, we sell both foil and rotary shavers. Other major competitors in the electric personal care product category are Conair Corporation, Wahl Clipper Corporation and Health of Troy Limited (“Helen of Troy”).

Global Pet Supplies

Our global pet supplies segment comprises aquatics equipment (aquariums, filters, pumps, etc.), aquatics consumables (fish food, water treatments and conditioners, etc.) and specialty pet products for dogs, cats, birds and other small domestic animals. The pet supplies product category is highly fragmented with over 500 manufacturers in the U.S. alone, with no competitor holding a market share greater than twenty percent and consists primarily of small companies with limited product lines. We believe that our brand positioning, including the leading global aquatics brand in Tetra, our diverse array of innovative and attractive products and our strong retail relationships and global infrastructure will allow us to remain competitive in this fast growing industry.

Our largest competitors in this category are Mars Corporation (“Mars”), The Hartz Mountain Corporation (“Hartz”) and Central Garden & Pet Company (“Central Garden & Pet”). Both Hartz and Central Garden & Pet sell a comprehensive line of pet supplies and compete with a majority of the products we offer. Mars sells primarily aquatics products.

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Home and Garden

Products in our home and garden segment are sold primarily in the U.S. market under the major brand names Spectracide, Hot Shot, Cutter, Repel, Black Flag, Garden Safe and Liquid Fence.  We manufacture and market outdoor and indoor insect control products, rodenticides, herbicides, insect repellents and lawn maintenance products. In addition, we produce and market several private-label brands for many major retailers.  Our marketing position is primarily that of a value brand, enhanced and supported by innovative products of outstanding quality and appealing packaging that is designed to drive sales at the point of purchase. Our commitment to quality and value has earned the trust of consumers and the confidence of retailers, who count on us to deliver the fast-selling products, merchandising solutions and quality service they require.

Products we sell in the home and garden category face competition from The Scotts Miracle-Gro Company (“Scotts Company”), which markets lawn and garden products under the Scotts, Ortho, Roundup, Miracle-Gro, and Tomcat brand names; Central Garden & Pet, which markets garden products under the AMDRO and Sevin brand names; and Bayer A.G., which markets home and garden products under the Bayer Advanced brand name.

Products we sell in the household insect control product category face competition from S.C. Johnson & Son, Inc. (“S.C. Johnson”), which markets insecticide and repellent products under the Raid and OFF! brands; Scotts Company, which markets household insect control products under the Ortho brand; and Henkel KGaA, which markets insect control products under the Combat brand.

Hardware & Home Improvement

The Hardware & Home Improvement segment has developed a market-leading franchise with leading brands, making it a  desired manufacturer among top home builders and major retailers. Hardware & Home Improvement is acclaimed as a market leader in the U.S. and Canadian lockset business. Competition within the industry varies based on location as well as product segment.

The main source of competition for residential locksets includes other third party manufacturers such as Schlage, a division of Allegion, and private label import brands such as Defiant and Gatehouse. Major competitors for hardware include The Hillman Group, Hampton Hardware, Crown Bolt and private label competitors. In plumbing, Pfister’s major U.S. competitors are Masco, Fortune Brands, Kohler, and American Standard, as well as Glacier Bay and AquaSource, and the private label brands of The Home Depot and Lowe’s.

Global Auto Care

During the year ended September 30, 2015, we entered the Global Auto Care segment with our acquisition of AAG, which consists 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 AC/PRO brand of do-it-yourself automotive air conditioner recharge products. 

Products we sell in the auto care product category compete with other widely advertised brands and with private label brands, including Valvoline, Prestone, Turtle Wax, Black Magic and private label brands.  We also encounter competition from similar and alternative products, many of which are produced and marketed by major multinational or national companies, including Mothers, Meguiars, Lucas, and Sea Foam. 

Some of our major competitors have greater resources and greater overall market share than we do. They have committed significant resources to protect their market shares or to capture market share from us and may continue to do so in the future. In some key product lines, our competitors may have lower production costs and higher profit margins than we do, which may enable them to compete more aggressively in advertising and in offering retail discounts and other promotional incentives to retailers, distributors, wholesalers and, ultimately, consumers.

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Seasonality

On a consolidated basis our financial results are approximately equally weighted among our quarters, however, sales of certain product categories tend to be seasonal.  Sales in the consumer battery and electric personal care product categories, particularly in North America, tend to be concentrated in the December holiday season (the Company’s first fiscal quarter). Small appliances peak from July through December primarily due to the increased demand by customers in the late summer for “back-to-school” sales and in the fall for the holiday season.  Sales for hardware and home improvement products increase during the spring and summer construction period (the Company’s third and fourth fiscal quarters). Sales for pet supplies products remain fairly constant throughout the year. Sales for home and garden control products typically peak during the first six months of the calendar year (the Company’s second and third fiscal quarters).  Demand for auto care products is generally at its highest during the period from March to June (Spectrum’s second and third fiscal quarters) based upon historical customer seasonal purchasing patterns and timing of promotional activities.  Information about our sales by quarteras a percentage of annual sales during the years ended September 30, 2015, 2014 and 2013 is as follows:

Fiscal Quarter Ended	2015		2014		2013
First Quarter		23%		25%		21%
Second Quarter		23%		23%		24%
Third Quarter		26%		25%		27%
Fourth Quarter		28%		27%		28%

Governmental Regulations and Environmental Matters

Due to the nature of our operations, our facilities are subject to a broad range of federal, state, local and foreign legal and regulatory provisions relating to the environment, including those regulating the discharge of materials into the environment, the handling and disposal of solid and hazardous substances and wastes and the remediation of contamination associated with the releases of hazardous substances at our facilities. We believe that compliance with the federal, state, local and foreign laws and regulations to which we are subject will not have a material effect upon our capital expenditures, financial condition, earnings or competitive position.

From time to time, we have been required to address the effect of historic activities on the environmental condition of our properties. We have not conducted invasive testing at all facilities to identify all potential environmental liability risks. Given the age of our facilities and the nature of our operations, it is possible that material liabilities may arise in the future in connection with our current or former facilities. If previously unknown contamination of property underlying or in the vicinity of our manufacturing facilities is discovered, we could incur material unforeseen expenses, which could have a material adverse effect on our financial condition, capital expenditures, earnings and competitive position. Although we are currently engaged in investigative or remedial projects at some of our facilities, we do not expect that such projects, taking into account established accruals, will cause us to incur expenditures that are material to our business, financial condition or results of operations; however, it is possible that our future liability could be material.

We have been, and in the future may be, subject to proceedings related to our disposal of industrial and hazardous material at off-site disposal locations or similar disposals made by other parties for which we are held responsible as a result of our relationships with such other parties. In the U.S., these proceedings are under the Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”) or similar state laws that hold persons who “arranged for” the disposal or treatment of such substances strictly liable for costs incurred in responding to the release or threatened release of hazardous substances from such sites, regardless of fault or the lawfulness of the original disposal. Liability under CERCLA is typically joint and several, meaning that a liable party may be responsible for all costs incurred in investigating and remediating contamination at a site. As a practical matter, liability at CERCLA sites is shared by all of the viable responsible parties. We occasionally are identified by federal or state governmental agencies as being a potentially responsible party for response actions contemplated at an off-site facility. At the existing sites where we have been notified of our status as a potentially responsible party, it is either premature to determine whether our potential liability, if any, will be material or we do not believe that our liability, if any, will be material. We may be named as a potentially responsible party under CERCLA or similar state laws for other sites not currently known to us, and the costs and liabilities associated with these sites may be material.

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It is difficult to quantify with certainty the potential financial impact of actions regarding expenditures for environmental matters, particularly remediation, and future capital expenditures for environmental control equipment. Nevertheless, based upon the information currently available, we believe that our ultimate liability arising from such environmental matters, taking into account established accruals of $4.4 million for estimated liabilities at September 30, 2015 should not be material to our business or financial condition.

Electronic and electrical products that we sell in Europe, particularly products sold under the Remington brand name, VARTA battery chargers, certain portable lighting and all of our batteries, are subject to regulation in European Union (“EU”) markets under three key EU directives. The first directive is the Restriction of the Use of Hazardous Substances in Electrical and Electronic Equipment (“RoHS”) which took effect in EU member states beginning July 1, 2006. RoHS prohibits companies from selling products which contain certain specified hazardous materials in EU member states. We believe that compliance with RoHS will not have a material effect on our capital expenditures, financial condition, earnings or competitive position. The second directive is entitled the Waste of Electrical and Electronic Equipment (“WEEE”). WEEE makes producers or importers of particular classes of electrical goods financially responsible for specified collection, recycling, treatment and disposal of past and future covered products. WEEE assigns levels of responsibility to companies doing business in EU markets based on their relative market share. WEEE calls on each EU member state to enact enabling legislation to implement the directive. To comply with WEEE requirements, we have partnered with other companies to create a comprehensive collection, treatment, disposal and recycling program. As EU member states pass enabling legislation we currently expect our compliance system to be sufficient to meet such requirements. Our current estimated costs associated with compliance with WEEE are not significant based on our current market share. However, we continue to evaluate the impact of the WEEE legislation as EU member states implement guidance and as our market share changes and, as a result, actual costs to our company could differ from our current estimates and may be material to our business, financial condition or results of operations. The third directive is the Directive on Batteries and Accumulators and Waste Batteries, which was adopted in September 2006 and went into effect in September 2008 (the “Battery Directive”). The Battery Directive bans heavy metals in batteries by establishing maximum quantities of those heavy metals in batteries and mandates waste management of batteries, including collection, recycling and disposal systems. The Battery Directive places the costs of such waste management systems on producers and importers of batteries. The Battery Directive calls on each EU member state to enact enabling legislation to implement the directive. We currently believe that compliance with the Battery Directive will not have a material effect on our capital expenditures, financial condition, earnings or competitive position. However, until such time as the EU member states adopt enabling legislation, a full evaluation of these costs cannot be completed. We will continue to evaluate the impact of the Battery Directive and its enabling legislation as EU member states implement guidance.

Certain of our products and facilities in each of our business segments are regulated by the United States Environmental Protection Agency (the “EPA”) and the United States Food and Drug Administration (the “FDA”) or other federal consumer protection and product safety agencies and are subject to the regulations such agencies enforce, as well as by similar state, foreign and multinational agencies and regulations. For example, in the U.S., all products containing pesticides must be registered with the EPA and, in many cases, similar state and foreign agencies before they can be manufactured or sold. Our inability to obtain or the cancellation of any registration could have an adverse effect on our business, financial condition and results of operations. The severity of the effect would depend on which products were involved, whether another product could be substituted and whether our competitors were similarly affected. We attempt to anticipate regulatory developments and maintain registrations of, and access to, substitute chemicals and other ingredients. We may not always be able to avoid or minimize these risks.

The Food Quality Protection Act (“FQPA”) established a standard for food-use pesticides, which is that a reasonable certainty of no harm will result from the cumulative effect of pesticide exposures. Under the FQPA, the EPA is evaluating the cumulative effects from dietary and non-dietary exposures to pesticides. The pesticides in certain of our products continue to be evaluated by the EPA as part of this program. It is possible that the EPA or a third party active ingredient registrant may decide that a pesticide we use in our products will be limited or made unavailable to us. We cannot predict the outcome or the severity of the effect of the EPA’s continuing evaluations of active ingredients used in our products.

Certain of our products and packaging materials are subject to regulations administered by the FDA. Among other things, the FDA enforces statutory prohibitions against misbranded and adulterated products, establishes ingredients and manufacturing procedures for certain products, establishes standards of identity for certain products, determines the safety of products and establishes labeling standards and requirements. In addition, various states regulate these products by enforcing federal and state standards of identity for selected products, grading products, inspecting production facilities and imposing their own labeling requirements.

Employees

We had approximately 15,500 full-time employees worldwide as of September 30, 2015.  Approximately 16% of our total labor force is covered by collective bargaining agreements. There are 4 collective bargaining agreements that will expire during our fiscal year ending September 30, 2016, which cover approximately 60% of the labor force under collective bargaining agreements, or approximately 10% of our total labor force. We believe that our overall relationship with our employees is good.

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Available Information

Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are made available free of charge on or through our website at www.spectrumbrands.com as soon as reasonably practicable after such reports are filed with, or furnished to the SEC. You may read and copy any materials we file with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, DC 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that contains our reports, proxy statements and other information at www.sec.gov. In addition, copies of our (i) Corporate Governance Guidelines, (ii) charters for the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee, (iii) Code of Business Conduct and Ethics and (iv) Code of Ethics for the Principal Executive Officer and Senior Financial Officers are available at our Internet site at www.spectrumbrands.com under “Investor Relations—Corporate Governance.” Copies will also be provided to any stockholder upon written request to the Vice President, Investor Relations & Corporate Communications, Spectrum Brands, Inc. at 3001 Deming Way, Middleton, Wisconsin 53562 or via electronic mail at investorrelations@spectrumbrands.com, or by contacting the Vice President, Investor Relations & Corporate Communications by telephone at (608) 275-3340.

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ITEM 1A.RISK FACTORS

Any of the following factors could materially and adversely affect our business, financial condition and results of operations.  The risks described below are not the only risks that we may face. Additional risks and uncertainties not currently known to us or that we currently view as immaterial may also materially and adversely affect our business, financial condition or results of operations.

Risks Related To Our Business

Our substantial indebtedness may limit our financial and operating flexibility, and we may incur additional debt, which could increase the risks associated with our substantial indebtedness.

We have, and we expect to continue to have, a significant amount of indebtedness. As of September 30, 2015, we had total indebtedness under senior secured facilities, notes and other debt instruments of approximately $4 billion. Our substantial indebtedness has had, and could continue to have, material adverse consequences for our business, and may:

· require us to dedicate a large portion of our cash flow to pay principal and interest on our indebtedness, which will reduce the availability of our cash flow to fund working capital, capital expenditures, research and development expenditures and other business activities;

· increase our vulnerability to general adverse economic and industry conditions;

· limit our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate;

· restrict our ability to make strategic acquisitions, dispositions or to exploit business opportunities;

· place us at a competitive disadvantage compared to our competitors that have less debt; and

· limit our ability to borrow additional funds (even when necessary to maintain adequate liquidity) or dispose of assets.

Under the senior secured facilities and the indentures governing the notes (together, the “Indentures”), we may incur additional indebtedness. If new debt is added to our existing debt levels, the related risks that we now face would increase.

Furthermore, a substantial portion of our debt bears interest at variable rates. If market interest rates increase, the interest rate on our variable rate debt will increase and will create higher debt service requirements, which would adversely affect our cash flow and could adversely impact our results of operations. While we may enter into agreements limiting our exposure to higher debt service requirements, any such agreements may not offer complete protection from this risk.

Restrictive covenants in the senior secured facilities and the Indentures may restrict our ability to pursue our business strategies.

The senior secured facilities and the Indentures each restrict, among other things, asset dispositions, mergers and acquisitions, dividends, stock repurchases and redemptions, other restricted payments, indebtedness and preferred stock, loans and investments, liens and affiliate transactions. The senior secured facilities and the Indentures also contain customary events of default. These covenants could among other things, limit our ability to fund future working capital and capital expenditures, engage in future acquisitions or development activities, or otherwise realize the value of our assets and opportunities fully. In addition, the senior secured facilities and the Indentures require us to dedicate a portion of cash flow from operations to payments on debt and the senior secured facilities contain financial covenants relating to maximum leverage and minimum interest coverage. Such requirements and covenants could limit the flexibility of our restricted entities in planning for, or reacting to, changes in the industries in which they operate. Our ability to comply with these covenants is subject to certain events outside of our control. If we are unable to comply with these covenants, the lenders under our senior secured facilities could terminate their commitments and the lenders under our senior secured facilities or the holders of the notes could accelerate repayment of our outstanding borrowings and, in either case, we may be unable to obtain adequate refinancing of outstanding borrowings on favorable terms or at all. If we are unable to repay outstanding borrowings when due, the lenders under the senior secured facilities will also have the right to proceed against the collateral granted to them to secure the indebtedness owed to them. If our obligations under the senior secured facilities are accelerated, we cannot assure you that our assets would be sufficient to repay in full such indebtedness.

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The sale or other disposition by HRG Group, Inc. (“HRG”), the holder of a majority of the outstanding shares of our common stock, to non-affiliates of a sufficient amount of the common stock of the Company would constitute a change of control under the agreements governing the Company’s debt.

HRG owns a majority of the outstanding shares of the common stock of the Company. The sale or other disposition by HRG to non-affiliates of a sufficient amount of the common stock of the Company could constitute a change of control under certain of the agreements governing the Company's debt, including any foreclosure on or sale of the Company's common stock pledged as collateral by HRG pursuant to the indenture governing HRG's 7.875% Senior Secured Notes due 2019. Under the Senior Secured Facilities, a change of control is an event of default and, if a change of control were to occur, the Company would be required to obtain an amendment to these agreements to avoid a default. If the Company was unable to obtain such an amendment, the lenders could accelerate the maturity of each of our term loan and revolver facility. In addition, under the Indentures, upon a change of control of the Company, the Company is required to offer to repurchase such notes from the holders at a price equal to 101% of the principal amount of the notes plus accrued interest or obtain a waiver of default from the holders of such notes. If the Company were unable to make the change of control offer, or to obtain a waiver of default, it would be an event of default under the indentures that could allow holders of such notes to accelerate the maturity of the notes. See “ Risks Related to the Company's Common Stock—HRG and its significant stockholders exercise significant influence over us and their interests in our business may be different from the interests of our stockholders” in this Form 10-K.

We face risks related to the current economic environment.

The economic environment and related turmoil in the global financial system between 2008 and 2012 had an impact on our business and financial condition, and we may face additional challenges if economic and financial market conditions deteriorate in the future.

Global economic conditions have significantly impacted economic markets within certain sectors, with financial services and retail businesses being particularly impacted. Our ability to generate revenue depends significantly on discretionary consumer spending. It is difficult to predict new general economic conditions that could impact consumer and customer demand for our products or our ability to manage normal commercial relationships with our customers, suppliers and creditors. A number of negative economic factors, including constraints on the supply of credit to households, uncertainty and weakness in the labor market and general consumer fears of a new economic downturn could have a negative impact on discretionary consumer spending. If the economy deteriorates or fails to further improve, our business could be negatively impacted, including as a result of reduced demand for our products or supplier or customer disruptions. Any weakness in discretionary consumer spending could have a material adverse effect on our revenues, results of operations and financial condition. In addition, our ability to access the capital markets may be restricted at a time when it could be necessary or beneficial to do so, which could have an impact on our flexibility to react to changing economic and business conditions.

In the last few years, concern over continuing high unemployment, stagnant economic performance and government debt levels in many European Union countries caused significant fluctuations of the Euro relative to other currencies, such as the U.S. Dollar. Continued weakness of the European economy could lead to a decrease in consumer confidence, which could cause reductions in discretionary spending and demand for our products. Furthermore, sovereign debt issues could also lead to further significant, and potentially longer-term, economic issues such as reduced economic growth and devaluation of the Euro against the U.S. Dollar, any of which could adversely affect our business, financial conditions and operating results.

We depend on key personnel and may not be able to retain those employees or recruit additional qualified personnel.

We are highly dependent on the continuing efforts of our senior management team and other key personnel. Our business, financial condition and results of operations could be materially adversely affected if we lose any of these persons and are unable to attract and retain qualified replacements.

We participate in very competitive markets and we may not be able to compete successfully, causing us to lose market share and sales.

The markets in which we participate are very competitive. In the consumer battery market, our primary competitors are Duracell (a brand of Procter & Gamble), Energizer and Panasonic (a brand of Matsushita). In the electric shaving and grooming and electric personal care product markets, our primary competitors are Braun (a brand of Procter & Gamble), Norelco (a brand of Philips), and Vidal Sassoon and Revlon (brands of Helen of Troy). In the pet supplies market, our primary competitors are Mars, Hartz and Central Garden & Pet. In the home and garden business, our principal national competitors are Scotts, Central Garden & Pet and S.C. Johnson. Our principal national competitors within our small appliances product category include Jarden Corporation, DeLonghi America, Euro-Pro Operating LLC, Metro Thebe, Inc., (d/b/a HWI Breville) NACCO Industries, Inc. (Hamilton Beach ) and SEB S.A. In the hardware and home improvement industry, our principal competitors are Schlage, a division of Allegion, Masco, Fortune Brands, Kohler and American Standard. In the global auto care business, our primary competitors are Valvoline, Prestone, Turtle Wax, Black Magic and Store brands.

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In each of these markets, we also face competition from numerous other companies. In addition, in a number of our product lines, we compete with our retail customers, who use their own private label brands, and with distributors and foreign manufacturers of unbranded products. Significant new competitors or increased competition from existing competitors may adversely affect our business, financial condition and results of our operations.

We compete with our competitors for consumer acceptance and limited shelf space based upon brand name recognition, perceived product quality, price, performance, product features and enhancements, product packaging and design innovation, as well as creative marketing, promotion and distribution strategies, and new product introductions. Our ability to compete in these consumer product markets may be adversely affected by a number of factors, including, but not limited to, the following:

· We compete against many well-established companies that may have substantially greater financial and other resources, including personnel and research and development, and greater overall market share than us.

· In some key product lines, our competitors may have lower production costs and higher profit margins than us, which may enable them to compete more aggressively in offering retail discounts, rebates and other promotional incentives.

· Technological advancements, product improvements or effective advertising campaigns by competitors may weaken consumer demand for our products.

· Consumer purchasing behavior may shift to distribution channels, including to online retailers, where we and our customers do not have a strong presence.

· Consumer preferences may change to lower margin products or products other than those we market.

· We may not be successful in the introduction, marketing and manufacture of any new products or product innovations or be able to develop and introduce, in a timely manner, innovations to our existing products that satisfy customer needs or achieve market acceptance.

Some competitors may be willing to reduce prices and accept lower profit margins to compete with us. As a result of this competition, we could lose market share and sales, or be forced to reduce our prices to meet competition. If our product offerings are unable to compete successfully, our sales, results of operations and financial condition could be materially and adversely affected.  In addition, we may be unable to implement changes to our products or otherwise adapt to changing consumer trends.  If we are unable to respond to changing consumer trends, our operating results and financial condition could be adversely affected.

Sales of certain of our products are seasonal and may cause our operating results and working capital requirements to fluctuate.

On a consolidated basis our financial results are approximately equally weighted between quarters, however, sales of certain product categories tend to be seasonal. Sales in the consumer battery, electric shaving and grooming and electric personal care product categories, particularly in North America, tend to be concentrated in the December holiday season (the Company’s first fiscal quarter). Demand for hardware and home improvement products increases during the spring and summer construction period (the Company's third and fourth fiscal quarters) and demand for pet supplies products remains fairly constant throughout the year. Demand for home and garden control products typically peaks during the first six months of the calendar year (the Company’s second and third fiscal quarters). Small Appliances peaks from July through December primarily due to the increased demand by customers in the late summer for “back-to-school” sales and in the fall for the holiday season. Demand for auto care products is generally at its highest during the period from March to June (Spectrum’s second and third fiscal quarters) based upon historical customer seasonal purchasing patterns and timing of promotional activities.  As a result of this seasonality, our inventory and working capital needs fluctuate significantly throughout the year. In addition, orders from retailers are often made late in the period preceding the applicable peak season, making forecasting of production schedules and inventory purchases difficult. If we are unable to accurately forecast and prepare for customer orders or our working capital needs, or there is a general downturn in business or economic conditions during these periods, our business, financial condition and results of operations could be materially and adversely affected.

Adverse weather conditions during our peak selling seasons for our home and garden control and auto care products could have a material adverse effect on our home and garden business and auto care business.

Weather conditions have a significant impact on the timing and volume of sales of certain of our lawn and garden and household insecticide and repellent products. For example, periods of dry, hot weather can decrease insecticide sales, while periods of cold and wet weather can slow sales of herbicides.  Adverse weather conditions during the first six months of the calendar year (the Company’s second and third fiscal quarters), when demand for home and garden control products typically peaks, could have a material adverse effect on our home and garden business and our financial results during such period.  Weather can also influence customer behavior for our auto care products, especially with appearance products, which sell best during warm, dry weather.  There could be a material adverse effect on the auto care segment if the weather is cold or wet, especially during peak sales season.

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We are subject to significant international business risks that could hurt our business and cause our results of operations to fluctuate.

Approximately 40% of our net sales for the fiscal year ended September 30, 2015 were to customers outside of the U.S. Our pursuit of international growth opportunities may require significant investments for an extended period before returns on these investments, if any, are realized. Our international operations are subject to risks including, among others:

· currency fluctuations, including, without limitation, fluctuations in the foreign exchange rate of the Euro, British Pound, Brazilian Real, Canadian Dollar, Australian Dollar, Japanese Yen and the Mexican Peso;

· changes in the economic conditions or consumer preferences or demand for our products in these markets;

· the risk that because our brand names may not be locally recognized, we must spend significant amounts of time and money to build brand recognition without certainty that we will be successful;

· labor unrest;

· political and economic instability, as a result of war, terrorist attacks, pandemics, natural disasters or otherwise;

· lack of developed infrastructure;

· longer payment cycles and greater difficulty in collecting accounts;

· restrictions on transfers of funds;

· import and export duties and quotas, as well as general transportation costs;

· changes in domestic and international customs and tariffs;

· changes in foreign labor laws and regulations affecting our ability to hire and retain employees;

· inadequate protection of intellectual property in foreign countries;

· unexpected changes in regulatory environments;

· difficulty in complying with foreign law; and

· adverse tax consequences.

The foregoing factors may have a material adverse effect on our ability to increase or maintain our supply of products, financial condition or results of operations.

Our products utilize certain key raw materials; any significant increase in the price of, or change in supply and demand for, these raw materials could have a material and adverse effect on our business, financial condition and profits.

The principal raw materials used to produce our products—including zinc powder, brass, electrolytic manganese dioxide powder, petroleum-based plastic materials, steel, aluminum, copper and corrugated materials (for packaging)—are sourced either on a global or regional basis by us or our suppliers, and the prices of those raw materials are susceptible to price fluctuations due to supply and demand trends, energy costs, transportation costs, government regulations, duties and tariffs, changes in currency exchange rates, price controls, general economic conditions and other unforeseen circumstances. In particular, during the years 2012 and 2013, we experienced extraordinary price increases for raw materials, particularly as a result of strong demand from China. Although we may increase the prices of certain of our goods to our customers, we may not be able to pass all of these cost increases on to our customers. As a result, our margins may be adversely impacted by such cost increases. We cannot provide any assurance that our sources of supply will not be interrupted due to changes in worldwide supply of or demand for raw materials or other events that interrupt material flow, which may have an adverse effect on our profitability and results of operations.

We regularly engage in forward purchase and hedging derivative transactions in an attempt to effectively manage and stabilize some of the raw material costs we expect to incur over the next 12 to 24 months. However, our hedging positions may not be effective, or may not anticipate beneficial trends, in a particular raw material market or may, as a result of changes in our business, no longer be useful for us. In addition, for certain of the principal raw materials we use to produce our products, such as electrolytic manganese dioxide powder, there are no available effective hedging markets. If these efforts are not effective or expose us to above average costs for an extended period of time, and we are unable to pass our raw materials costs on to our customers, our future profitability may be materially and adversely affected. Furthermore, with respect to transportation costs, certain modes of delivery are subject to fuel surcharges which are determined based upon the current cost of diesel fuel in relation to pre-established agreed upon costs. We may be unable to pass these fuel surcharges on to our customers, which may have an adverse effect on our profitability and results of operations.

In addition, we have exclusivity arrangements and minimum purchase requirements with certain of our suppliers for the home and garden business, which increase our dependence upon and exposure to those suppliers. Some of those agreements include caps on the price we pay for our supplies and in certain instances, these caps have allowed us to purchase materials at below market prices. When we attempt to renew those contracts, the other parties to the contracts may not be willing to include or may limit the effect of those caps and could even attempt to impose above market prices in an effort to make up for any below market prices paid by us prior to the renewal of the agreement. Any failure to timely obtain suitable supplies at competitive prices could materially adversely affect our business, financial condition and results of operations.

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We may not be able to fully utilize our U.S. net operating loss carryforwards.

As of September 30, 2015, we had U.S. federal net operating loss carryforwards (“NOLs”) of $894.5 millionand state NOLs of $68.7 million with capital loss carryforwards of $14.2 million.  These NOLs expire through years ending in 2035. As of September 30, 2015, we determined that it continues to be more likely than not that the U.S. federal and most of the U.S. state net deferred tax asset, will not be realized in the future and as such recorded a full valuation allowance to offset the net U.S. federal and most of the U.S. state deferred tax asset, including the Company’s NOLs. In addition, as a consequence of earlier business combinations and issuances of common stock, the Company and its subsidiaries have had various changes of ownership, as defined under Section 382 of the Internal Revenue Code (the “IRC”) of 1986, as amended, that continue to subject a significant amount of the Company’s U.S. NOLs and other tax attributes to certain limitations.

As of September 30, 2015, we estimate that approximately $272.9 million of the total U.S. federal NOLs with a federal tax benefit of $95.5 million and tax benefits of $16.7 million related to state NOLs would expire unused even if the Company generates sufficient income to otherwise use all its NOLs, due to the limitation in Section 382 of the IRC.

If we are unable to fully utilize our NOLs to offset taxable income generated in the future, our future cash taxes could be materially and negatively impacted.

Consolidation of retailers and our dependence on a small number of key customers for a significant percentage of our sales may negatively affect our business, financial condition and results of operations.

As a result of consolidation of retailers and consumer trends toward national mass merchandisers, a significant percentage of our sales are attributable to a very limited group of customers. Our largest customer accounted for 15% of our consolidated net sales for the fiscal year ended September 30, 2015. As these mass merchandisers and retailers grow larger and become more sophisticated, they may demand lower pricing, special packaging or impose other requirements on product suppliers. These business demands may relate to inventory practices, logistics or other aspects of the customer-supplier relationship. Because of the importance of these key customers, demands for price reductions or promotions, reductions in their purchases, changes in their financial condition or loss of their accounts could have a material adverse effect on our business, financial condition and results of operations.

Although we have long-established relationships with many of our customers, we do not have long-term agreements with them and purchases are generally made through the use of individual purchase orders. Any significant reduction in purchases, failure to obtain anticipated orders or delays or cancellations of orders by any of these major customers, or significant pressure to reduce prices from any of these major customers, could have a material adverse effect on our business, financial condition and results of operations. Additionally, a significant deterioration in the financial condition of the retail industry in general, the bankruptcy of any of our customers or if any of our customers were to leave the business, could have a material adverse effect on our sales and profitability.

In addition, as a result of the desire of retailers to more closely manage inventory levels, there is a growing trend among them to purchase products on a “just-in-time” basis. Due to a number of factors, including (i) manufacturing lead-times, (ii) seasonal purchasing patterns and (iii) the potential for material price increases, we may be required to shorten our lead-time for production and more closely anticipate our retailers’ and customers’ demands, which could in the future require us to carry additional inventories and increase our working capital and related financing requirements. This may increase the cost of warehousing inventory or result in excess inventory becoming difficult to manage, unusable or obsolete. In addition, if our retailers significantly change their inventory management strategies, we may encounter difficulties in filling customer orders or in liquidating excess inventories, or may find that customers are cancelling orders or returning products, which may have a material adverse effect on our business.

Furthermore, we primarily sell branded products and a move by one or more of our large customers to sell significant quantities of private label products, which we do not produce on their behalf and which directly compete with our products, could have a material adverse effect on our business, financial condition and results of operations.

As a result of our international operations, we face a number of risks related to exchange rates and foreign currencies.

Our international sales and certain of our expenses are transacted in foreign currencies. During the fiscal year ended September 30, 2015, approximately 40% of our net sales and operating expenses were denominated in foreign currencies. We expect that the amount of our revenues and expenses transacted in foreign currencies will increase as our Latin American, European and Asian operations grow and as a result of acquisitions in these markets and, as a result, our exposure to risks associated with foreign currencies could increase accordingly. Significant changes in the value of the U.S. dollar in relation to foreign currencies will affect our cost of goods sold and our operating margins and could result in exchange losses or otherwise have a material effect on our business, financial condition and results of operations. Changes in currency exchange rates may also affect our sales to, purchases from and loans to our subsidiaries as well as sales to, purchases from and bank lines of credit with our customers, suppliers and creditors that are denominated in foreign currencies.

We source many products from China and other Asian countries. To the extent the Chinese Renminbi (“RMB”) or other currencies

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appreciate with respect to the U.S. dollar, we may experience fluctuations in our results of operations. Since 2005, the RMB has no longer been pegged to the U.S. dollar at a constant exchange rate and instead fluctuates versus a basket of currencies. Although the People’s Bank of China regularly intervenes in the foreign exchange market to prevent significant short-term fluctuations in the exchange rate, the RMB may appreciate or depreciate within a flexible peg range against the U.S. dollar in the medium to long term. Moreover, it is possible that in the future Chinese authorities may lift restrictions on fluctuations in the RMB exchange rate and lessen intervention in the foreign exchange market.

While we may enter into hedging transactions in the future, the availability and effectiveness of these transactions may be limited, and we may not be able to successfully hedge our exposure to currency fluctuations. Further, we may not be successful in implementing customer pricing or other actions in an effort to mitigate the impact of currency fluctuations and, thus, our results of operations may be adversely impacted.

Our international operations may expose us to risks related to compliance with the laws and regulations of foreign countries.

We are subject to three EU Directives that may have a material impact on our business: Restriction of the Use of Hazardous Substances in Electrical and Electronic Equipment, Waste of Electrical and Electronic Equipment and the Directive on Batteries and Accumulators and Waste Batteries, discussed below. Restriction of the Use of Hazardous Substances in Electrical and Electronic Equipment requires us to eliminate specified hazardous materials from products we sell in EU member states. Waste of Electrical and Electronic Equipment requires us to collect and treat, dispose of or recycle certain products we manufacture or import into the EU at our own expense. The EU Directive on Batteries and Accumulators and Waste Batteries bans heavy metals in batteries by establishing maximum quantities of heavy metals in batteries and mandates waste management of these batteries, including collection, recycling and disposal systems, with the costs imposed upon producers and importers such as us. The costs associated with maintaining compliance or failing to comply with the EU Directives may harm our business. For example:

· Although contracts with our suppliers address related compliance issues, we may be unable to procure appropriate Restriction of the Use of Hazardous Substances in Electrical and Electronic Equipment compliant material in sufficient quantity and quality and/or be able to incorporate it into our product procurement processes without compromising quality and/or harming our cost structure.

· We may face excess and obsolete inventory risk related to non-compliant inventory that we may hold for which there is reduced demand, and we may need to write down the carrying value of such inventories.

· We may be unable to sell certain existing inventories of our batteries in Europe and other countries that have adopted similar regulations.

Many of the developing countries in which we operate do not have significant governmental regulation relating to environmental safety, occupational safety, employment practices or other business matters routinely regulated in the U.S. and EU or may not rigorously enforce such regulation. As these countries and their economies develop, it is possible that new regulations or increased enforcement of existing regulations may increase the expense of doing business in these countries. In addition, social legislation in many countries in which we operate may result in significantly higher expenses associated with labor costs, terminating employees or distributors and closing manufacturing facilities. Increases in our costs as a result of increased regulation, legislation or enforcement could materially and adversely affect our business, results of operations and financial condition.

We may not be able to adequately establish and protect our intellectual property rights, and the infringement or loss of our intellectual property rights could harm our business.

To establish and protect our intellectual property rights, we rely upon a combination of national, foreign and multi-national patent, trademark and trade secret laws, together with licenses, confidentiality agreements and other contractual arrangements. The measures that we take to protect our intellectual property rights may prove inadequate to prevent third parties from infringing or misappropriating our intellectual property. We may need to resort to litigation to enforce or defend our intellectual property rights. If a competitor or collaborator files a patent application claiming technology also claimed by us, or a trademark application claiming a trademark, service mark or trade dress also used by us, in order to protect our rights, we may have to participate in expensive and time consuming opposition or interference proceedings before the U.S. Patent and Trademark Office or a similar foreign agency. Similarly, our intellectual property rights may be challenged by third parties or invalidated through administrative process or litigation. The costs associated with protecting intellectual property rights, including litigation costs, may be material. Furthermore, even if our intellectual property rights are not directly challenged, disputes among third parties could lead to the weakening or invalidation of our intellectual property rights, or our competitors may independently develop technologies that are substantially equivalent or superior to our technology. Obtaining, protecting and defending intellectual property rights can be time consuming and expensive, and may require us to incur substantial costs, including the diversion of the time and resources of management and technical personnel.

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Moreover, the laws of certain foreign countries in which we operate or may operate in the future do not protect, and the governments of certain foreign countries do not enforce, intellectual property rights to the same extent as do the laws and government of the U.S., which may negate our competitive or technological advantages in such markets. Also, some of the technology underlying our products is the subject of nonexclusive licenses from third parties. As a result, this technology could be made available to our competitors at any time. If we are unable to establish and then adequately protect our intellectual property rights, our business, financial condition and results of operations could be materially and adversely affected.

We license various trademarks, trade names and patents from third parties for certain of our products. These licenses generally place marketing obligations on us and require us to pay fees and royalties based on net sales or profits. Typically, these licenses may be terminated if we fail to satisfy certain minimum sales obligations or if we breach the terms of the license. The termination of these licensing arrangements could adversely affect our business, financial condition and results of operations.

In our Global Batteries & Appliances segment, we license the use of the Black and Decker brand for marketing in certain small household appliances in North America, South America (excluding Brazil) and the Caribbean. In July 2014, The Black and Decker Corporation (“BDC”) extended the license agreement through December 2018.  The failure to renew the license agreement with BDC or to enter into a new agreement on acceptable terms for the period following December 2018 could have a material adverse effect on our financial condition, liquidity and results of operations.  Additionally, in connection with our acquisition of the HHI Business, we received a limited right to use certain Stanley Black and Decker trademarks, brand names and logos in marketing our products and services for only five years. Pursuant to a transitional trademark license agreement, Stanley Black and Decker granted us the right to use the “Stanley” and “Black and Decker” marks and logos, and certain other marks and logos, for up to five years after the completion of the HHI Business acquisition in connection with certain products and services.  When our right to use these Stanley Black and Decker trademarks, brand names and logos expires, we may not be able to maintain or enjoy comparable name recognition or status under our new brand. If we are unable to successfully manage the transition of our business to our new brand, our reputation among our customers could be adversely affected, and our revenue and profitability could decline.

Claims by third parties that we are infringing their intellectual property and other litigation could adversely affect our business.

From time to time in the past we have been subject to claims that we are infringing the intellectual property of others. We currently are the subject of such claims and it is possible that third parties will assert infringement claims against us in the future. An adverse finding against us in these or similar trademark or other intellectual property litigations may have a material adverse effect on our business, financial condition and results of operations. Any such claims, with or without merit, could be time consuming and expensive, and may require us to incur substantial costs, including the diversion of the resources of management and technical personnel, cause product delays or require us to enter into licensing or other agreements in order to secure continued access to necessary or desirable intellectual property. If we are deemed to be infringing a third party’s intellectual property and are unable to continue using that intellectual property as we had been, our business and results of operations could be harmed if we are unable to successfully develop non-infringing alternative intellectual property on a timely basis or license non-infringing alternatives or substitutes, if any exist, on commercially reasonable terms. In addition, an unfavorable ruling in intellectual property litigation could subject us to significant liability, as well as require us to cease developing, manufacturing or selling the affected products or using the affected processes or trademarks. Any significant restriction on our proprietary or licensed intellectual property that impedes our ability to develop and commercialize our products could have a material adverse effect on our business, financial condition and results of operations.

Our dependence on a few suppliers and one of our U.S. facilities for certain of our products makes us vulnerable to a disruption in the supply of our products.

Although we have long-standing relationships with many of our suppliers, we generally do not have long-term contracts with them. An adverse change in any of the following could have a material adverse effect on our business, financial condition and results of operations:

· our ability to identify and develop relationships with qualified suppliers;

· the terms and conditions upon which we purchase products from our suppliers, including applicable exchange rates, transport and other costs, our suppliers’ willingness to extend credit to us to finance our inventory purchases and other factors beyond our control;

· the financial condition of our suppliers;

· political and economic instability in the countries in which our suppliers are located, as a result of war, terrorist attacks, pandemics, natural disasters or otherwise;

· our ability to import outsourced products;

· our suppliers’ noncompliance with applicable laws, trade restrictions and tariffs; or

· our suppliers’ ability to manufacture and deliver outsourced products according to our standards of quality on a timely and efficient basis.

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If our relationship with one of our key suppliers is adversely affected, we may not be able to quickly or effectively replace such supplier and may not be able to retrieve tooling, molds or other specialized production equipment or processes used by such supplier in the manufacture of our products. The loss of one or more of our suppliers, a material reduction in their supply of products or provision of services to us or extended disruptions or interruptions in their operations could have a material adverse effect on our business, financial condition and results of operations.

We manufacture the majority of our foil cutting systems for our shaving product lines, using specially designed machines and proprietary cutting technology, at our Portage, Wisconsin facility. In addition, we also manufacture the majority of our residential door locks at our Subic Bay, Philippines facility.  Our home and garden products are mainly manufactured from our St. Louis, Missouri, facility.  Damage to these facilities, or prolonged interruption in the operations of these facilities whether for repairs, as a result of labor difficulties or for other reasons, could have a material adverse effect on our ability to manufacture and sell our foil shaving, residential door locks and home and garden products which could in turn harm our business, financial condition and results of operations.

We face risks related to our sales of products obtained from third-party suppliers.

We sell a significant number of products that are manufactured by third party suppliers over which we have no direct control. While we have implemented processes and procedures to try to ensure that the suppliers we use are complying with all applicable regulations, there can be no assurances that such suppliers in all instances will comply with such processes and procedures or otherwise with applicable regulations. Noncompliance could result in our marketing and distribution of contaminated, defective or dangerous products which could subject us to liabilities and could result in the imposition by governmental authorities of procedures or penalties that could restrict or eliminate our ability to purchase products from non-compliant suppliers. Any or all of these effects could adversely affect our business, financial condition and results of operations.

In addition, the Dodd-Frank Wall Street Reform and Consumer Protection Act includes provisions regarding certain minerals and metals, known as conflict minerals, mined from the Democratic Republic of Congo and adjoining countries. These provisions require companies to undertake due diligence procedures and report on the use of conflict minerals in its products, including products manufactured by third parties. Compliance with these provisions will cause us to incur costs to certify that our supply chain is conflict free and we may face difficulties if our suppliers are unwilling or unable to verify the source of their materials. Our ability to source these minerals and metals may also be adversely impacted. In addition, our customers may require that we provide them with a certification and our inability to do so may disqualify us as a supplier.

Class action and derivative action lawsuits and other investigations, regardless of their merits, could have an adverse effect on our business, financial condition and results of operations.

We and certain of our officers and directors have been named in the past, and, may be named in the future, as defendants of class action and derivative action lawsuits. In the past, we have also received requests for information from government authorities. Regardless of their subject matter or merits, class action lawsuits and other government investigations may result in significant cost to us, which may not be covered by insurance, may divert the attention of management or may otherwise have an adverse effect on our business, financial condition and results of operations.

We may be exposed to significant product liability claims which our insurance may not cover and which could harm our reputation.

In the ordinary course of our business, we may be named as a defendant in lawsuits involving product liability claims. In any such proceeding, plaintiffs may seek to recover large and sometimes unspecified amounts of damages and the matters may remain unresolved for several years. Any such matters could have a material adverse effect on our business, results of operations and financial condition if we are unable to successfully defend against or settle these matters or if our insurance coverage is insufficient to satisfy any judgments against us or settlements relating to these matters. Although we have product liability insurance coverage and an excess umbrella policy, our insurance policies may not provide coverage for certain, or any, claims against us or may not be sufficient to cover all possible liabilities. Additionally, we do not maintain product recall insurance. We may not be able to maintain such insurance on acceptable terms, if at all, in the future. Moreover, any adverse publicity arising from claims made against us, even if the claims were not successful, could adversely affect the reputation and sales of our products. In particular, product recalls or product liability claims challenging the safety of our products may result in a decline in sales for a particular product and could damage the reputation or the value of the related brand. This could be true even if the claims themselves are ultimately settled for immaterial amounts. This type of adverse publicity could occur and product liability claims could be made in the future.

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We may incur material capital and other costs due to environmental liabilities.

We are subject to a broad range of federal, state, local, foreign and multi-national laws and regulations relating to the environment. These include laws and regulations that govern:

· discharges to the air, water and land;

· the handling and disposal of solid and hazardous substances and wastes; and

· remediation of contamination associated with release of hazardous substances at our facilities and at off-site disposal locations.

Risk of environmental liability is inherent in our business. As a result, material environmental costs may arise in the future. In particular, we may incur capital and other costs to comply with increasingly stringent environmental laws and enforcement policies, such as the EU Directives: Restriction of the Use of Hazardous Substances in Electrical and Electronic Equipment, Waste of Electrical and Electronic Equipment and the Directive on Batteries and Accumulators and Waste Batteries, discussed above. Our international operations may expose us to risks related to compliance with the laws and regulations of foreign countries.  See “Our international operations may expose us to risks related to compliance with the laws and regulations of foreign countries”  in this Form 10-K.

Moreover, there are proposed international accords and treaties, as well as federal, state and local laws and regulations, that would attempt to control or limit the causes of climate change, including the effect of greenhouse gas emissions on the environment. In the event that the U.S. government or foreign governments enact new climate change laws or regulations or make changes to existing laws or regulations, compliance with applicable laws or regulations may result in increased manufacturing costs for our products, such as by requiring investment in new pollution control equipment or changing the ways in which certain of our products are made. We may incur some of these costs directly and others may be passed on to us from our third-party suppliers. Although we believe that we are substantially in compliance with applicable environmental laws and regulations at our facilities, we may not always be in compliance with such laws and regulations or any new laws and regulations in the future, which could have a material adverse effect on our business, financial condition and results of operations.

From time to time, we have been required to address the effect of historic activities on the environmental condition of our properties or former properties. We have not conducted invasive testing at all of our facilities to identify all potential environmental liability risks. Given the age of our facilities and the nature of our operations, material liabilities may arise in the future in connection with our current or former facilities. If previously unknown contamination of property underlying or in the vicinity of our manufacturing facilities is discovered, we could be required to incur material unforeseen expenses. If this occurs, it may have a material adverse effect on our business, financial condition and results of operations. We are currently engaged in investigative or remedial projects at a few of our facilities and any liabilities arising from such investigative or remedial projects at such facilities may have a material effect on our business, financial condition and results of operations.

In addition, in connection with certain business acquisitions, we have assumed, and in connection with future acquisitions may assume in the future, certain potential environmental liabilities. To the extent we have not identified such environmental liabilities or to the extent the indemnifications obtained from our counterparties are insufficient to cover such environmental liabilities, these environmental liabilities could have a material adverse effect on our business.

We are also subject to proceedings related to our disposal of industrial and hazardous material at off-site disposal locations or similar disposals made by other parties for which we are responsible as a result of our relationship with such other parties. These proceedings are under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) or similar state or foreign jurisdiction laws that hold persons who “arranged for” the disposal or treatment of such substances strictly liable for costs incurred in responding to the release or threatened release of hazardous substances from such sites, regardless of fault or the lawfulness of the original disposal. Liability under CERCLA is typically joint and several, meaning that a liable party may be responsible for all of the costs incurred in investigating and remediating contamination at a site. We occasionally are identified by federal or state governmental agencies as being a potentially responsible party for response actions contemplated at an off-site facility. At the existing sites where we have been notified of our status as a potentially responsible party, it is either premature to determine if our potential liability, if any, will be material or we do not believe that our liability, if any, will be material. We may be named as a potentially responsible party under CERCLA or similar state or foreign jurisdiction laws in the future for other sites not currently known to us, and the costs and liabilities associated with these sites may have a material adverse effect on our business, financial condition and results of operations.

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Compliance with various public health, consumer protection and other regulations applicable to our products and facilities could increase our cost of doing business and expose us to additional requirements with which we may be unable to comply.

Certain of our products sold through, and facilities operated under, each of our business segments are regulated by the Environmental Protection Agency (“EPA”), the Food and Drug Administration (“FDA”) or other federal consumer protection and product safety agencies and are subject to the regulations such agencies enforce, as well as by similar state, foreign and multinational agencies and regulations. For example, in the U.S., all products containing pesticides must be registered with the EPA and, in many cases, similar state and foreign agencies before they can be manufactured or sold. Our inability to obtain, or the cancellation of, any registration could have an adverse effect on our business, financial condition and results of operations. The severity of the effect would depend on which products were involved, whether another product could be substituted and whether our competitors were similarly affected. We attempt to anticipate regulatory developments and maintain registrations of, and access to, substitute chemicals and other ingredients, but we may not always be able to avoid or minimize these risks.

As a distributor of consumer products in the U.S., certain of our products are also subject to the Consumer Product Safety Act, which empowers the U.S. Consumer Product Safety Commission (the “Consumer Commission”) to exclude from the market products that are found to be unsafe or hazardous. Under certain circumstances, the Consumer Commission could require us to repair, replace or refund the purchase price of one or more of our products, or we may voluntarily do so. Any additional repurchases or recalls of our products could be costly to us and could damage the reputation or the value of our brands. If we are required to remove, or we voluntarily remove our products from the market, our reputation or brands could be tarnished and we may have large quantities of finished products that could not be sold. Furthermore, failure to timely notify the Consumer Commission of a potential safety hazard can result in significant fines being assessed against us. Additionally, laws regulating certain consumer products exist in some states, as well as in other countries in which we sell our products, and more restrictive laws and regulations may be adopted in the future.

The Food Quality Protection Act (“FQPA”) established a standard for food-use pesticides, which is that a reasonable certainty of no harm will result from the cumulative effect of pesticide exposures. Under the FQPA, the EPA is evaluating the cumulative effects from dietary and non-dietary exposures to pesticides. The pesticides in certain of our products that are sold through the Home and Garden Business continue to be evaluated by the EPA as part of this program. It is possible that the EPA or a third party active ingredient registrant may decide that a pesticide we use in our products will be limited or made unavailable to us. We cannot predict the outcome or the severity of the effect of the EPA’s continuing evaluations of active ingredients used in our products.

In addition, the use of certain pesticide products that are sold through our Home and Garden Business may, among other things, be regulated by various local, state, federal and foreign environmental and public health agencies. These regulations may require that only certified or professional users apply the product, that users post notices on properties where products have been or will be applied or that certain ingredients may not be used. Compliance with such public health regulations could increase our cost of doing business and expose us to additional requirements with which we may be unable to comply.

Any failure to comply with these laws or regulations, or the terms of applicable environmental permits, could result in us incurring substantial costs, including fines, penalties and other civil and criminal sanctions or the prohibition of sales of our pest control products. Environmental law requirements, and the enforcement thereof, change frequently, have tended to become more stringent over time and could require us to incur significant expenses.

Most federal, state and local authorities require certification by Underwriters Laboratory, Inc. (“UL”), an independent, not-for-profit corporation engaged in the testing of products for compliance with certain public safety standards, or other safety regulation certification prior to marketing electrical appliances. Foreign jurisdictions also have regulatory authorities overseeing the safety of consumer products. Our products may not meet the specifications required by these authorities. A determination that any of our products are not in compliance with these rules and regulations could result in the imposition of fines or an award of damages to private litigants.

A cybersecurity breach or failure of one or more key information technology systems could have a material adverse impact on our business or reputation.

We rely extensively on information technology (IT) systems, networks and services, including internet sites, data hosting and processing facilities and tools and other hardware, software and technical applications and platforms, some of which are managed, hosted, provided and/or used by third-parties or their vendors, to assist in conducting our business.

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Our IT systems have been, and will likely continue to be, subject to computer viruses or other malicious codes, unauthorized access attempts, phishing and other cyber-attacks.  We continue to assess potential threats and make investments seeking to address these threats, including monitoring of networks and systems and upgrading skills, employee training and security policies for the Company and its third-party providers. However, because the techniques used in these attacks change frequently and may be difficult to detect for periods of time, we may face difficulties in anticipating and implementing adequate preventative measures. To date, we have seen no material impact on our business or operations from these attacks; however, we cannot guarantee that our security efforts will prevent breaches or breakdowns to our or our third-party providers’ databases or systems. If the IT systems, networks or service providers we rely upon fail to function properly, or if we or one of our third-party providers suffer a loss, significant unavailability of or disclosure of our business or stakeholder information, and our business continuity plans do not effectively address these failures on a timely basis, we may be exposed to reputational, competitive and business harm as well as litigation and regulatory action. The costs and operational consequences of responding to breaches and implementing remediation measures could be significant.

Our actual or perceived failure to adequately protect personal data could adversely affect our business, financial condition and results of operations.

A variety of state, national, foreign, and international laws and regulations apply to the collection, use, retention, protection, disclosure, transfer, and other processing of personal data. These privacy- and data protection-related laws and regulations are evolving, with new or modified laws and regulations proposed and implemented frequently and existing laws and regulations subject to new or different interpretations. Compliance with these laws and regulations can be costly and can delay or impede the development of new products.

We historically have relied upon adherence to the U.S. Department of Commerce’s Safe Harbor Privacy Principles and compliance with the U.S.-EU Safe Harbor Framework agreed to by the U.S. Department of Commerce and the EU. The U.S.-EU Safe Harbor Framework, which established means for legitimizing the transfer of personal data by U.S. companies from the European Economic Area, or EEA, to the U.S., recently was invalidated by a decision of the European Court of Justice, or the ECJ. In light of the ECJ’s decision, we are reviewing our business practices and may find it necessary or desirable to make changes to our personal data handling to cause our transfer and receipt of EEA residents’ personal data to be legitimized under applicable European law. Our actual or alleged failure to comply with applicable laws and regulations, or to protect personal data, could result in enforcement actions and significant penalties against us, which could result in negative publicity, increase our operating costs, subject us to claims or other remedies and have a material adverse effect on our business, financial condition, and results of operations.

Public perceptions that some of the products we produce and market are not safe could adversely affect us.

On occasion, customers have alleged that some products failed to perform up to expectations or have caused damage or injury to individuals or property. Public perception that any of our products are not safe, whether justified or not, could impair our reputation, damage our brand names and have a material adverse effect on our business, financial condition and results of operations. In addition, we rely on certain third party trademarks, brand names and logos over which we do not have exclusive use of. Public perception that any such third party trademarks, band names and logos used by us are not safe, whether justified or not, could have a material adverse effect on our business, financial condition and results of operations.

If we are unable to negotiate satisfactory terms to continue existing or enter into additional collective bargaining agreements, we may experience an increased risk of labor disruptions and our results of operations and financial condition may suffer.

Approximately 16% of our total labor force is covered by collective bargaining agreements. There are 4 collective bargaining agreements that will expire during our fiscal year ending September 30, 2016, which cover approximately 60% of the labor force under collective bargaining agreements, or approximately 10% of our total labor force. While we currently expect to negotiate continuations to the terms of these agreements, there can be no assurances that we will be able to obtain terms that are satisfactory to us or otherwise to reach agreement at all with the applicable parties. In addition, in the course of our business, we may also become subject to additional collective bargaining agreements. These agreements may be on terms that are less favorable than those under our current collective bargaining agreements. Increased exposure to collective bargaining agreements, whether on terms more or less favorable than our existing collective bargaining agreements, could adversely affect the operation of our business, including through increased labor expenses. While we intend to comply with all collective bargaining agreements to which we are subject, there can be no assurances that we will be able to do so and any noncompliance could subject us to disruptions in our operations and materially and adversely affect our results of operations and financial condition.

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Significant changes in actual investment return on pension assets, discount rates and other factors could affect our results of operations, equity and pension contributions in future periods.

Our results of operations may be positively or negatively affected by the amount of income or expense we record for our defined benefit pension plans. U.S. Generally Accepted Accounting Principles (“GAAP”) requires that we calculate income or expense for the plans using actuarial valuations. These valuations reflect assumptions about financial markets and other economic conditions, which may change based on changes in key economic indicators. The most significant assumptions we use to estimate pension income or expense are the discount rate and the expected long-term rate of return on plan assets. In addition, we are required to make an annual measurement of plan assets and liabilities, which may result in a significant change to equity. Although pension expense and pension funding contributions are not directly related, key economic factors that affect pension expense would also likely affect the amount of cash we would contribute to pension plans as required under the Employee Retirement Income Security Act of 1974, as amended.

If our goodwill, indefinite-lived intangible assets or other long-term assets become impaired, we will be required to record additional impairment charges, which may be significant.

A significant portion of our long-term assets consist of goodwill, other indefinite-lived intangible assets and finite-lived intangible assets recorded as a result of past acquisitions as well as through fresh start reporting. We do not amortize goodwill and indefinite-lived intangible assets, but rather review them for impairment on a periodic basis or whenever events or changes in circumstances indicate that their carrying value may not be recoverable. We consider whether circumstances or conditions exist which suggest that the carrying value of our goodwill and other long-lived intangible assets might be impaired. If such circumstances or conditions exist, further steps are required in order to determine whether the carrying value of each of the individual assets exceeds its fair value. If analysis indicates that an individual asset’s carrying value does exceed its fair value, the next step is to record a loss equal to the excess of the individual asset’s carrying value over its fair value.

The steps required by GAAP entail significant amounts of judgment and subjectivity. Events and changes in circumstances that may indicate that there may be an impairment and which may indicate that interim impairment testing is necessary include, but are not limited to: strategic decisions to exit a business or dispose of an asset made in response to changes in economic, political and competitive conditions; the impact of the economic environment on the customer base and on broad market conditions that drive valuation considerations by market participants; our internal expectations with regard to future revenue growth and the assumptions we make when performing impairment reviews; a significant decrease in the market price of our assets; a significant adverse change in the extent or manner in which our assets are used; a significant adverse change in legal factors or the business climate that could affect our assets; an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset; and significant changes in the cash flows associated with an asset. As a result of such circumstances, we may be required to record a significant charge to earnings in our financial statements during the period in which any impairment of our goodwill, indefinite-lived intangible assets or other long-term assets is determined. Any such impairment charges could have a material adverse effect on our business, financial condition and operating results.

If we are unable to protect the confidentiality of our proprietary information and know-how, the value of our technology, products and services could be harmed significantly.

We rely on trade secrets, know-how and other proprietary information in operating our business. If this information is not adequately protected, then it may be disclosed or used in an unauthorized manner. To the extent that consultants, key employees or other third parties apply technological information independently developed by them or by others to our proposed products, disputes may arise as to the proprietary rights to such information, which may not be resolved in our favor. The risk that other parties may breach confidentiality agreements or that our trade secrets become known or independently discovered by competitors, could harm us by enabling our competitors, who may have greater experience and financial resources, to copy or use our trade secrets and other proprietary information in the advancement of their products, methods or technologies. The disclosure of our trade secrets would impair our competitive position, thereby weakening demand for our products or services and harming our ability to maintain or increase our customer base.

Disruption or failures of our information technology systems could have a material adverse effect on our business.

Our information technology systems are susceptible to security breaches, operational data loss, general disruptions in functionality, and may not be compatible with new technology. We depend on our information technology systems for the effectiveness of our operations and to interface with our customers, as well as to maintain financial records and accuracy. Disruption or failures of our information technology systems could impair our ability to effectively and timely provide our services and products and maintain our financial records, which could damage our reputation and have a material adverse effect on our business.

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Our acquisition and expansion strategy may not be successful.

Our growth strategy is based in part on growth through acquisitions, which poses a number of risks. We may not be successful in identifying appropriate acquisition candidates, consummating acquisitions on satisfactory terms or integrating any newly acquired or expanded business with our current operations. We may issue additional equity, incur long-term or short-term indebtedness, spend cash or use a combination of these for all or part of the consideration paid in future acquisitions or expansion of our operations. The execution of our acquisition and expansion strategy could entail repositioning or similar actions that in turn require us to record impairments, restructuring and other charges. Any such charges would reduce our earnings. We cannot guarantee that any future business acquisitions will be pursued or that any acquisitions that are pursued will be consummated.

Significant costs have been incurred and are expected to be incurred in connection with the consummation of recent and future business acquisitions and the integration of such acquired businesses with Spectrum into a combined company, including legal, accounting, financial advisory and other costs.

We expect to incur one-time costs in connection with integrating our operations, products and personnel and those of businesses we acquire into a combined company, in addition to costs related directly to completing such acquisitions. We would expect similar costs to be incurred with any future acquisition.  These costs may include expenditures for:

· employee redeployment, relocation or severance;

· integration of operations and information systems;

· combination of research and development teams and processes; and

· reorganization or closures of facilities.

In addition, we expect to incur a number of non-recurring costs associated with combining our operations with those of acquired businesses. Additional unanticipated costs may yet be incurred as we integrate our business with acquired businesses. Although we expect that the elimination of duplicative costs, as well as the realization of other efficiencies related to the integration of our operations with those of acquired businesses, may offset incremental transaction and transaction-related costs over time, this net benefit may not be achieved in the near term. Additionally, while we expect to benefit from leveraging distribution channels and brand names among the Company and the businesses we acquire, we cannot assure you that we will achieve such benefits.

We may not realize the anticipated benefits of, and synergies from, our business acquisitions and may become responsible for certain liabilities and integration costs as a result.

Business acquisitions involve the integration of new businesses that have previously operated independently from us. The integration of our operations with those of acquired businesses is frequently expected to result in financial and operational benefits, including increased top line growth, margins, revenues and cost savings and be accretive to earnings per share, earnings before interest, taxes, depreciation and amortization and free cash flow before synergies. There can be no assurance, however, regarding when or the extent to which we will be able to realize these increased top line growth, margins, revenues, cost savings or accretions to earnings per share, earnings before interest, taxes, depreciation and amortization or free cash flow or other benefits. Integration may also be difficult, unpredictable, and subject to delay because of possible company culture conflicts and different opinions on technical decisions and product roadmaps. We will often be required to integrate or, in some cases, replace, numerous systems, including those involving management information, purchasing, accounting and finance, sales, billing, employee benefits, payroll and regulatory compliance, many of which may be dissimilar. In some instances, we and certain acquired businesses have served the same customers, and some customers may decide that it is desirable to have additional or different suppliers. Difficulties associated with the integration of acquired businesses could have a material adverse effect on our business.

We may also acquire partial or full ownership in businesses or may acquire rights to market and distribute particular products or lines of products. The acquisition of a business or the rights to market specific products or use specific product names may involve a financial commitment by us, either in the form of cash or equity consideration. In the case of a new license, such commitments are usually in the form of prepaid royalties and future minimum royalty payments. There is no guarantee that we will acquire businesses or product distribution rights that will contribute positively to our earnings. Anticipated synergies may not materialize, cost savings may be less than expected, sales of products may not meet expectations and acquired businesses may carry unexpected liabilities.

In addition, in connection with business acquisitions, we have assumed, and may assume in connection with future acquisitions, certain potential liabilities. To the extent such liabilities are not identified by us or to the extent the indemnifications obtained from third parties are insufficient to cover such liabilities, these liabilities could have a material adverse effect on our business.

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Integrating our business with acquired businesses may divert our management’s attention away from operations.

Successful integration of acquired businesses’ operations, products and personnel with us may place a significant burden on our management and other internal resources. The diversion of management’s attention, and any difficulties encountered in the transition and integration process, could harm our business, financial condition and operating results.

As a result of business acquisitions, we may not be able to retain key personnel or recruit additional qualified personnel, which could materially affect our business and require us to incur substantial additional costs to recruit replacement personnel.

We are highly dependent on the continuing efforts of our senior management team and other key personnel. As a result of business acquisitions, our current and prospective employees could experience uncertainty about their future roles. This uncertainty may adversely affect our ability to attract and retain key management, sales, marketing and technical personnel. Any failure to attract and retain key personnel could have a material adverse effect on our business. In addition, we currently do not maintain “key person” insurance covering any member of our management team.

If any of our key personnel or those of our acquired businesses were to join a competitor or form a competing company, existing and potential customers or suppliers could choose to form business relationships with that competitor instead of us. There can be no assurance that confidentiality, non-solicitation, non-competition or similar agreements signed by former directors, officers, employees or stockholders of us, our acquired businesses or our transactional counterparties will be effective in preventing a loss of business.

General customer uncertainty related to our business acquisitions could harm us.

Our customers may, in response to the announcement or consummation of a business acquisition, delay or defer purchasing decisions. If our customers delay or defer purchasing decisions, our revenues could materially decline or any anticipated increases in revenue could be lower than expected.

We are required to supply certain products and services to Stanley Black & Decker and its subsidiaries pursuant to the terms of certain supply agreements for a period of time after the completion of the HHI Business acquisition. Our provision of products and services under these agreements require us to dedicate resources of the HHI Business and may result in unfavorable results to us.

Certain products and services currently used by Stanley Black and Decker are produced and provided using equipment of the HHI Business which includes the acquired Tong Lung Metal Industry Co. Ltd. (the “TLM Business”) that we acquired or certain equipment belonging to Stanley Black and Decker and its subsidiaries that will continue to be located for a period of time after the completion of the HHI Business acquisition at facilities operated by the HHI Business and the TLM Business and maintained by us pursuant to certain specifications. We and Stanley Black and Decker entered into supply agreements (each, a “Supply Agreement”) whereby we provide Stanley Black and Decker and its subsidiaries with certain of these products and services for a period of time. This requires us to dedicate resources of the HHI Business and the TLM Business towards the provision of these products and services and may result in unfavorable results to us. These Supply Agreements are an accommodation to Stanley Black and Decker and its subsidiaries as part of the HHI Business acquisition, and the pricing of the products and services is on terms more favorable to Stanley Black and Decker and its subsidiaries than it would be in the ordinary course of business.

We face significant risks from the AAG acquisition similar to risks generally associated with our acquisition and expansion strategy.

The AAG acquisition subjects us to significant risks generally associated with our acquisition and expansion strategy.  Significant costs have been incurred and are expected to be incurred in connection with the AAG acquisition and our integration of AAG with our business, including legal, accounting, financial advisory and other costs.  We may also not realize the anticipated benefits of, and synergies from, the AAG acquisition and will be responsible for certain liabilities and integration costs as a result of the AAG acquisition.  As a result of the AAG acquisition and other acquisitions, we may also not be able to retain key personnel or recruit additional qualified personnel, which could require us to incur substantial additional costs.  Each of these general risks for acquisition and expansion activities, which are described in more detail in this Annual Report, could result in the AAG acquisition having a material adverse effect on our business.

We and AAG have similar major customers and the loss of any significant customer may adversely affect our results of operations.

A limited number of the same customers represent a large percentage of our and AAG’s respective net sales.  One of our largest customers accounted for approximately 23% of AAG’s net sales for the twelve months ended December 31, 2014.  AAG’s largest customer accounted for approximately 12% of net sales for the same period and no other customer accounted for more than 10% of AAG’s net sales for the same period.  The success of our and AAG’s businesses depend, in part, on our ability to maintain our level of sales and product distribution through high volume distributors, retailers, super centers and mass merchandisers.

Currently, neither we nor AAG have long-term supply agreements with a substantial number of our retail customers, including our

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largest customers.  These high-volume stores and mass merchandisers frequently reevaluate the products they carry.  A decision by our major customers to discontinue or decrease the amount of products purchased from us, sell a national brand on an exclusive basis or change the manner of doing business with us, could reduce our revenues and materially adversely affect our results of operations.  See “Risk Factors-Risks Related to ourBusiness-Consolidation of retailers and our dependence on a small number of key customers for a significant percentage of our sales may negatively affect our business, financial condition and results of operations”.

A change in governmental regulations regarding the use of refrigerant gas R-134a or its potential future substitutes could have a material adverse effect on AAG’s ability to sell its aftermarket A/C products.

The refrigerant R-134a is critical component of AAG’s aftermarket A/C products and is used in products which comprised approximately 90% of its gross sales in its fiscal year ended December 31, 2014.  Older generation refrigerants such as R-12 (Freon) have been regulated for some time in the United States and elsewhere, due to concerns about their potential to contribute to ozone depletion.  In recent years, refrigerants such as R-134a, which is an approved substitute for R-12, have also become the subject of regulatory focus due to their potential to contribute to global warming.

The European Union has passed regulations that require the phase out of R-134a in automotive cooling systems in new vehicles by 2017.  In the United States, AAG has reported that it cannot predict what future action, if any, the EPA will take on the regulation of R-134a.  But based on currently available information, it believes that it would take some time for suitable alternatives to R-134a to come into full scale commercial production and therefore such alternatives would not be readily available for wide spread use in new car models.  If the future use of R-134a is phased out or is limited or prohibited in jurisdictions in which we do business, the future market for AAG’s products containing R-134a may be limited, which could have a material adverse impact on its results of operations, financial condition, and cash flows.

In addition, regulations may be enacted governing the packaging, use and disposal of AAG’s products containing refrigerants.  For example, regulations are currently in effect in California that govern the sale and distribution of products containing R-134a.  While AAG has reported that it is not aware of any noncompliance with such regulations, its failure to comply with these or possible future regulations in California, or elsewhere, could result in material fines or costs or the inability to sell its products in those markets, which could have a material adverse impact on the results of operations, financial condition and cash flows.  If substitutes for R-134a become widely used in A/C systems and their use for DIY and retrofit purposes are not approved by the EPA, it could have a material adverse effect on AAG’s results of operations, financial condition, and cash flows.  In addition, the cost of HFO-1234yf, the leading long-term alternative to R-134a being proposed in the United States and the European Union for use in the A/C systems of new vehicles, will likely be higher than that of R-134a.  If HFO-1234yf becomes widely used and AAG is able to develop products using HFO-1234yf, but is unable to price its products to reflect the increased cost of HFO-1234yf, it could have a material adverse effect on its results of operations, financial condition and cash flow.

All of AAG’s refrigerant products are produced at one facility, and a significant disruption or disaster at such a facility could have a material adverse effect on its results of operations.

AAG’s manufacturing facility consists of one site which is located in Garland, Texas and thus it is dependent upon the continued safe operation of this facility.  Its facility is subject to various hazards associated with the manufacturing, handling, storage, and transportation of chemical materials and products, including human error, leaks and ruptures, explosions, floods, fires, inclement weather and natural disasters, power loss or other infrastructure failures, mechanical failure, unscheduled downtime, regulatory requirements, the loss of certifications, technical difficulties, labor disputes, inability to obtain material, equipment or transportation, environmental hazards such as remediation, chemical spills, discharges or releases of toxic or hazardous substances or gases, and other risks.  Many of these hazards could cause personal injury and loss of life, sever damage to, or destruction of, property and equipment and environmental contamination.  In addition, the occurrence of material operation problems at AAG’s facility due to any of these hazards could cause a disruption in the production of its products.  AAG may also encounter difficulties or interruption as a result of the application of enhanced manufacturing technologies or changes to production lines to improve AAG’s throughput or to upgrade or repair its production lines.  AAG’s insurance policies have coverage in case of significant damage to its manufacturing facility but may not fully compensate AAG for the cost of replacement for any such damage and any loss from business interruption.  As a result, AAG may not be adequately insured to cover losses resulting from significant damage to its manufacturing facility.  Any damage to its facility or interruption in manufacturing could result in production delays and delays in meeting contractual obligations which could have a material adverse effect on AAG’s relationship with its customers and on its results of operations, financial condition or cash flows in any given period.

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Risks Related to the Company’s Common Stock

HRG and its significant stockholders exercise significant influence over us and their interests in our business may be different from the interests of our stockholders.

HRG, as our majority stockholder, and its significant stockholders, have the ability to influence the outcome of any corporate action by us that requires stockholder approval, including, but not limited to, the election of directors, approval of merger transactions and the sale of all or substantially all of our assets. In addition, we are a party to a stockholder agreement with HRG and certain of its stockholders.

This influence and actual control may have the effect of discouraging offers to acquire the Company because any such consummation would likely require the consent of HRG and perhaps certain of its stockholders. HRG may also delay or prevent a change in control of the Company. See “Risks Related to our Business—The sale or other disposition by HRG Group, Inc., the holder of a majority of the outstanding shares of our common stock, to non-affiliates of a sufficient amount of the common stock of the Company would constitute a change of control under the agreements governing the Company’s debt.  ”

In addition, because HRG owns more than 50% of the voting power of the Company, the Company is considered a controlled company under the NYSE listing standards. As such, the NYSE corporate governance rules requiring that a majority of the Company’s board of directors and the Company’s entire compensation committee be independent do not apply. As a result, the ability of the Company’s independent directors to influence its business policies and affairs may be reduced.

If HRG were to sell substantial amounts of the Company’s common stock in the public market, or investors perceive that these sales could occur, the market price of the Company's common stock could be adversely affected. The Company has entered into a registration rights agreement (the “Registration Rights Agreement”) with HRG, certain of HRG’s stockholders and certain other of our stockholders. If requested properly under the terms of the Registration Rights Agreement, these stockholders have the right to require the Company to register all or some of such shares for sale under the Securities Act in certain circumstances, and also have the right to include those shares in a registration initiated by the Company. If the Company is required to include the shares of its common stock held by these stockholders pursuant to these registration rights in a registration initiated by the Company, sales made by such stockholders may adversely affect the price of the Company's common stock and ability to raise needed capital. In addition, if these stockholders exercise their demand registration rights and cause a large number of shares to be registered and sold in the public market or demand that the Company register its shares on a shelf registration statement, such sales or shelf registration may have an adverse effect on the market price of the Company’s common stock.

We are one of several companies in which HRG owns a controlling interest. The interests of HRG and these other companies may, from time to time, diverge from the interests of other of the Company’s stockholders and from each other, particularly with regard to new investment opportunities. HRG is not restricted from investing in other businesses involving or related to the marketing or distribution of household products, pet and pest products and personal care products. HRG may also engage in other businesses that compete or may in the future compete with the Company.

Our Restated Bylaws provide that the Court of Chancery of the State of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.

Our restated bylaws provide that the Court of Chancery of the State of Delaware is the exclusive forum for any derivative action or proceeding brought on our behalf, any action asserting a breach of fiduciary duty, any action asserting a claim against us arising pursuant to the Delaware General Corporation Law, our amended and restated certificate of incorporation or our restated bylaws, any action to interpret, apply, enforce, or determine the validity of our amended and restated certificate of incorporation or bylaws, or any action asserting a claim against us that is governed by the internal affairs doctrine. The choice of forum provision may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or our directors, officers or other employees, which may discourage such lawsuits against us and our directors, officers and other employees. Alternatively, if a court were to find the choice of forum provision contained in our restated bylaws to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving such action in other jurisdictions, which could adversely affect our business and financial condition.

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Even though the Company’s common stock is currently traded on the NYSE, it has less liquidity than many other stocks quoted on a national securities exchange.

The trading volume in the Company’s common stock on the NYSE has been relatively low when compared with larger companies listed on the NYSE or other stock exchanges. Because of this, it may be more difficult for stockholders to sell a substantial number of shares for the same price at which stockholders could sell a smaller number of shares. We cannot predict the effect, if any, that future sales of the Company’s common stock in the market, or the availability of shares of its common stock for sale in the market, will have on the market price of the Company’s common stock. We can give no assurance that sales of substantial amounts of the Company’s common stock in the market, or the potential for large amounts of sales in the market, would not cause the price of the Company’s common stock to decline or impair the Company’s future ability to raise capital through sales of its common stock. Furthermore, because of the limited market and generally low volume of trading in the Company’s common stock that could occur, the share price of its common stock could be more likely to be affected by broad market fluctuations, general market conditions, fluctuations in our operating results, changes in the market's perception of our business, and announcements made by the Company, its competitors or parties with whom the Company has business relationships. The lack of liquidity in the Company’s common stock may also make it difficult for us to issue additional securities for financing or other purposes, or to otherwise arrange for any financing we may need in the future. In addition, we may experience other adverse effects, including, without limitation, the loss of confidence in us by current and prospective suppliers, customers, employees and others with whom we have or may seek to initiate business relationships.

The market price of the Company’s common stock is likely to be highly volatile and could fluctuate widely in price in response to various factors, many of which are beyond our control.

Factors that may influence the price of the common stock include, without limitation, the following:

· loss of any of our key customers or suppliers;

· additions or departures of key personnel;

· sales of common stock;

· our ability to execute our business plan;

· announcements and consummations of business acquisitions;

· operating results that fall below expectations;

· additional issuances of common stock;

· low volume of sales due to concentrated ownership of common stock;

· intellectual property disputes;

· industry developments;

· economic and other external factors;

· period-to-period fluctuations in our financial results; and

· market concerns with respect to the potential indirect impact of matters not directly involving the Company but impacting HRG or its affiliates.

In addition, the securities markets have from time to time experienced significant price and volume fluctuations that are unrelated to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market price of the Company’s common stock. You should also be aware that price volatility might be worse if the trading volume of shares of the common stock is low.

Additional issuances of the Company’s common stock may result in dilution to its existing stockholders.

Under our equity incentive plan approved by the shareholders on March 1, 2011, called the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan (the “2011 Equity Plan”), 4,625,676 shares of common stock of the Company, net of cancellations, were authorized to be issued.  At the 2014 annual shareholders meeting, the 2011 Equity Plan was amended to increase the shares issuable by 1,000,000; therefore, a total of 5,625,676 shares, net of cancellations, are authorized to be issued under such plan.  As of September 30, 2015, we have issued 667,933 restricted shares and 4,278,187 restricted stock units (or the equivalent number of shares of common stock upon the lapsing of the applicable restrictions) under the 2011 Plan and have a remaining authorization to issue up to a total of 679,556 shares of our common stock, or options or restricted stock units exercisable for shares of common stock.

In addition, the Company’s board of directors has the authority to issue additional shares of capital stock to provide additional financing or for other purposes in the future. The issuance of any such shares or exercise of any such options may result in a reduction of the book value or market price of the outstanding shares of common stock. If we do issue any such additional shares or any such options are exercised, such issuance or exercise also will cause a reduction in the proportionate ownership and voting power of all other stockholders. As a result of such dilution, the proportionate ownership interest and voting power of a holder of shares of common stock could be decreased. Further, any such issuance or exercise could result in a change of control. Under our certificate of incorporation, holders of 5% or more of the outstanding common stock or capital stock into which any shares of common stock may be converted have certain rights to purchase their pro rata share of certain future issuances of securities.

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ITEM 1B.UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

The following table lists our principal owned or leased manufacturing, packaging and distribution facilities at September 30, 2015:

Global Batteries and Appliances

Location	Function / Use	Owned / Leased
U.S. Locations
Fennimore, Wisconsin	Battery Manufacturing	Owned
Portage, Wisconsin	Battery Manufacturing	Owned
Dixon, Illinois	Distribution	Leased
Redlands, California	Distribution	Leased
Non-U.S. Locations
Dischingen, Germany	Battery Manufacturing	Leased
Washington, UK	Battery Manufacturing	Leased
Guatemala City, Guatemala	Battery Manufacturing	Owned
Jaboatao, Brazil	Battery Manufacturing	Owned
Ellwangen-Neunheim, Germany	Distribution	Leased
Manchester, England	Distribution	Owned
Wolverhampton, England	Distribution	Owned

Home & Hardware Improvement

Location	Function / Use	Owned / Leased
U.S. Locations
Charlotte, North Carolina	Manufacturing & Distribution	Leased
Denison, Texas	Manufacturing & Distribution	Owned
Mira Loma, California	Distribution	Leased
Houston, Texas	Manufacturing & Distribution	Leased
Lititz, Pennsylvania	Manufacturing & Distribution	Leased
Elkhart, Indiana	Distribution	Leased
Birmingham, Alabama	Distribution	Leased
Dallas, Texas	Distribution	Leased
Non-U.S. Locations
Brockville, Canada	Distribution	Leased
Cobourg, Canada	Distribution	Owned
Mexicali, Mexico	Manufacturing	Leased
Nogales, Mexico	Manufacturing	Leased
Shenzhen, China	Distribution	Leased
Chia-Yi, Taiwan	Manufacturing	Leased
Subic Bay, Philippines	Manufacturing	Owned
Xiamen, China	Manufacturing	Leased
Xiolan, China	Manufacturing	Leased

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Pet Supplies

Location	Function / Use	Owned / Leased
U.S. Locations
Noblesville, Indiana	Manufacturing	Owned
Bridgeton, Missouri	Manufacturing	Leased
Blacksburg, Virginia	Manufacturing	Owned
Edwardsville, Illinois	Distribution	Leased
Daleville, Virginia	Distribution	Leased
Non-U.S. Locations
Melle, Germany	Manufacturing	Owned
Melle, Germany	Distribution	Leased
Phnom Penh, Cambodia	Manufacturing	Leased
Coevorden, Netherlands	Manufacturing	Owned
Bogota, Colombia	Manufacturing	Leased
Leon, Mexico	Manufacturing	Leased
Ambato, Ecuador	Manufacturing	Leased

Home & Garden

Location	Function / Use	Owned / Leased
U.S. Locations
St. Louis, Missouri	Manufacturing	Leased
Edwardsville, Illinois	Distribution	Leased

Global Auto Care

Location	Function / Use	Owned / Leased
U.S. Locations
Garland, Texas	Manufacturing & Distribution	Leased
Mentor, Ohio	Manufacturing & Distribution	Leased
Painesville, Ohio	Manufacturing & Distribution	Owned
Non-U.S. Locations
Ebbw Vale, Gwent, Wales	Manufacturing & Distribution	Leased
Brentford, Middlesex, England	Distribution	Leased
Tonbridge, Kent, England	Distribution	Leased

We also own, operate or contract with third parties to operate distribution centers, sales offices and administrative offices throughout the world in support of our business. We lease our administrative headquarters and primary research and development facility located in Middleton, Wisconsin.  We believe that our existing facilities are suitable and adequate for our present purposes and that the productive capacity in such facilities is substantially being utilized or we have plans to utilize it.

ITEM 3.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.

Environmental

We have provided for the estimated costs associated with environmental remediation activities at some of our current and former manufacturing sites. We believe that any additional liability that may result from the resolution of these matters in excess of the amounts provided of approximately $4.4 million will not have a material adverse effect on our financial condition, results of operations or cash flows.

We are subject to various federal, state and local environmental laws and regulations. We believe we are in substantial compliance with all such environmental laws that are applicable to our operations. See also the discussion captioned “Governmental Regulations and Environmental Matters” under Item 1 above.

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ITEM 4.MINE SAFETY DISCLOSURES

Not applicable

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PART II

ITEM 5. MARKET FOR THE REGISTRANTS’ COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

SBH’s common stock trades on the New York Stock Exchange (the “NYSE”) under the symbol “SPB”.  As of November 20, 2015, there were approximately 4 holders of record based upon data provided by the transfer agent for the SBH’s common stock. We believe the number of beneficial holders of SBH’s common stock is significantly in excess of this amount.The following table sets forth the reported high and low bid prices per share of SBH Common Stock as reported on the NYSE Composite Transaction Tape, for the fiscal period indicated:

	High		Low
Year Ended September 30, 2015
Quarter ended September 30, 2015	$	106.55	$	88.28
Quarter ended June 28, 2015	$	105.07	$	86.02
Quarter ended March 29, 2015	$	98.83	$	89.14
Quarter ended December 28, 2014	$	98.36	$	81.03
Year Ended September 30, 2014
Quarter ended September 30, 2014	$	90.53	$	81.64
Quarter ended June 29, 2014	$	85.50	$	72.92
Quarter ended March 30, 2014	$	79.76	$	67.90
Quarter ended December 29, 2013	$	70.83	$	62.76

Information regarding our equity compensation plans is set forth in Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters-Equity Compensation Plan Information.

SB/RH Holdings, LLC is a wholly-owned subsidiary of the Company and accordingly, there is no established public trading market for its common stock.  As of November 20, 2015, there is only one record holder of its common stock.  During the years ended September 30, 2015 and 2014, SB/RH Holdings, LLC paid cash dividends of $72.1 million and $77.0 million, respectively, to SBH.  Certain restrictive covenants within the Company’s debt facilities impose limitations on payment of dividends by SB/RH’s subsidiaries to SB/RH and SBH.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

On August 6, 2013, the Board of Directors of the Company approved a $200 million common stock repurchase program.  The authorization was effective for 24 months.  The following table reflects all shares repurchased under the plan:

	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, 2013	50,000	$	60.13	50,000	196,993,500
Quarter ended December 29, 2013	71,752		62.92	71,752	192,478,864
Quarter ended March 30, 2014	—		—	—	—
Quarter ended June 29, 2014	—		—	—	—
Quarter ended September 30, 2014	—		—	—	—
As of September 30, 2014	121,752		61.77	121,752	192,478,864
Quarter ended December 28, 2014	100,000		84.27	100,000	184,051,864
Quarter ended March 29, 2015	—		—	—	—
Quarter ended June 28, 2015	—		—	—	—
Quarter ended September 30, 2015	—		—	—	—
As of September 30, 2015	221,752	$	71.92	221,752	—

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Subsequently, on July 28, 2015, the Board of Directors of the Company approved a $300 million common stock repurchase program to replace the previous $200 million common stock repurchase program previously discussed. The authorization is effective for 36 months. The following table reflects all shares repurchased, inclusive of shares purchased under the plan:

	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
Quarter ended September 30, 2015	130,000	$	98.18	130,000	287,236,600
As of September 30, 2015	130,000	$	98.18	130,000	287,236,600

ITEM 6.SELECTED FINANCIAL DATA

Spectrum Brands Holdings, Inc.

The following selected historical financial data is derived from SBH’s audited consolidated financial statements. Our Consolidated Statements of Financial Position as of September 30, 2015 and 2014 and our Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income (Loss), Consolidated Statements of Shareholders’ Equity and Consolidated Statements of Cash Flows for the years ended September 30, 2015, 2014 and 2013 are included elsewhere in this Annual Report on Form 10-K.

The following selected financial data, which may not be indicative of future performance, should be read in conjunction with our consolidated financial statements and notes thereto and the information contained in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”  included elsewhere in this Annual Report on Form 10-K.

(in millions, except per share data)	2015(1)		2014(2)		2013(3)		2012(4)		2011
Statement of Operations Data
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	3,252.4	$	3,186.9
Gross profit		1,670.3		1,568.9		1,390.3		1,115.7		1,128.9
Operating income (5)		474.1		481.9		351.2		301.7		227.9
Interest expense (6)		271.9		202.1		375.6		191.9		208.3
Other non-operating expense, net		8.9		6.3		3.5		0.8		2.5
Income (loss) from operations before income taxes		193.3		273.5		(27.9)		109.0		17.1
Income tax expense (7)		43.9		59.0		27.4		60.4		92.3
Net income (loss)		149.4		214.5		(55.3)		48.6		(75.2)
Net income (loss) attributable to non-controlling interest		0.5		0.4		(0.1)		—		—
Net income (loss) attributable to controlling interest		148.9		214.1		(55.2)		48.6		(75.2)
Restructuring and Related Charges
Cost of goods sold	$	2.1	$	3.7	$	10.0	$	9.8	$	7.8
Operating expenses		26.6		19.2		24.0		9.7		20.8
Earnings (Loss) Per Share of Common Stock
Basic	$	2.68	$	4.07	$	(1.06)	$	0.94	$	(1.47)
Diluted		2.66		4.02		(1.06)		0.91		(1.47)
Dividends per share		1.27		1.15		0.75		1.00		—
Weighted Average Shares Outstanding
Basic		55.6		52.6		52.0		51.6		51.1
Diluted		55.9		53.3		52.0		53.3		51.1
Cash Flow and Related Data:
Net cash provided by operating activities	$	444.3	$	432.7	$	256.5	$	258.8	$	227.4
Capital expenditures		89.1		73.3		82.0		46.8		36.2
Depreciation and amortization		170.0		157.6		139.9		104.6		104.8
Statement of Financial Position Data (at September 30):
Cash and cash equivalents	$	247.9	$	194.6	$	207.3	$	158.0	$	142.4
Working capital (8)		700.7		518.9		530.5		450.8		441.4
Total assets		7,298.0		5,513.0		5,626.7		3,751.6		3,626.7
Total debt		3,971.0		2,990.8		3,218.9		1,669.3		1,551.6
Total equity		1,606.8		1,086.8		940.1		989.1		1,018.5

⁽¹⁾ The information presented as of and for the year ended September 30, 2015 includes the results of the Armored AutoGroup operations since the acquisition date of May 21, 2015; the results of the Salix operations since the acquisition date of January 16, 2015; the results of the European 39  

IAMS and Eukanuba operations since the acquisition date of December 31, 2014; and the results of the Tell operations since the acquisition date of October 1, 2014.

⁽²⁾ The information presented as of and for the year ended September 30, 2014 includes the results of the Liquid Fence operations since the acquisition date of January 2, 2014.

⁽³⁾ The information presented as of and for the year ended September 30, 2013 includes the results of the HHI Business operations since the acquisition date of December 17, 2012, and the results of TLM Taiwan since the acquisition date of April 8, 2013.

⁽⁴⁾ The information presented as of and for the year ended September 30, 2012 includes the results of the FURminator operations since the acquisition date of December 22, 2011, and the results of Black Flag operations since the acquisition date of October 31, 2011.

⁽⁵⁾ During the year ended September 30, 2011, we recorded a non-cash pretax impairment charge of approximately $32.5 million. 

⁽⁶⁾ During the year ended September 30, 2015, there was interest expense of $58.8 million incurred related to the financing of the acquisition of AAG and the refinancing of the then-existing senior credit facility and asset based revolving loan facility.During the year ended September 30, 2014, a non-cash charge of $9.2 million was recognized as a result of the write-off of unamortized debt issuance costs and unamortized discounts in connection with the amendment of the Company's then existing term loans.  During the year ended September 30, 2013, there were $105.6 million fees and expenses along with a$10.9 million non-cash charge for the write-off of unamortized debt issuance cost and unamortized premiums in connection with the extinguishment and replacement of the Company's 9.5% Notes and then-existing term loan in conjunction with the acquisition of the HHI Business.  During the year ended September 30, 2012, there was a non-cash charge of $2.1 million related to the write-off of unamortized debt issuance costs and unamortized premiums in connection with the extinguishment and refinancing of the Company’s 12% Notes.  During the year ended September 30, 2011, there was a non-cash charge of $24.4 million related to the write-off of unamortized debt issuance costs and unamortized discounts in conjunction with the refinancing of the Company's Term Loan facility.

⁽⁷⁾ During the year ended September 30, 2015, there was a non-cash benefit of $20.2 million from a decrease in the valuation allowance against net deferred tax assets, and a $22.8 million benefit due to the reversal of valuation allowance in conjunction with the acquisition of the AAG business.  During the year ended September 30, 2014, there was a non-cash benefit of approximately $115.6 million from a decrease in the valuation allowance against net deferred tax assets.  During the year ended September 30, 2013, there was a non-cash charge of approximately $64.4 million from an increase in the valuation allowance against net deferred tax assets, net of a $49.8 million benefit due to the reversal of a portion of the valuation allowance in conjunction with the acquisition of the HHI Business.  During the year ended September 30, 2012, there was a non-cash charge of approximately $13.9 million from an increase in the valuation allowance against net deferred tax assets, net of a $14.5 million benefit due to the reversal of a portion of the valuation allowance in conjunction with the acquisition of FURminator.  During the year ended September 30, 2011, there was a non-cash charge of approximately $68.6 million from an increase in the valuation allowance against net deferred tax assets.

⁽⁸⁾ Working capital is defined as current assets less current liabilities per the consolidated statements of financial position.

SB/RH Holdings, LLC

Omitted pursuant to General instruction I of Form 10-K.

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ITEM 7.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 Selected Financial Data included in Item 6 and our Consolidated Financial Statements and related notes included in Item 8 of this Annual Report on Form 10-K.  Unless the context indicates otherwise, the terms 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

Refer to Item 1 “Business” included elsewhere within this Annual Report for an overview of our business.

Our operating performance is influenced by a number of factors including: general economic conditions; foreign exchange fluctuations; trends in consumer markets; consumer confidence and preferences; our overall product line mix, including pricing and gross margin, which vary by product line and geographic region; pricing of certain raw materials and commodities; energy and fuel prices; and our general competitive position, especially as impacted by our competitors’ advertising and promotional activities and pricing strategies.

Fiscal Year

The Company’s fiscal year ends on September 30.  Throughout the year, the Company reports its results using a fiscal calendar whereby each three month quarterly reporting period is approximately thirteen weeks in length and ends on a Sunday.  The exceptions are the first quarter, which begins on October 1, and the fourth quarter, which ends on September 30.  For the year ended September 30, 2015, the fiscal quarters were comprised of the three months ended December 28, 2014, and March 29, June 28 and September 30, 2015.

Acquisitions

The application of acquisition accounting as a result of business combinations can significantly affect certain assets, liabilities and expenses.  Over the last three fiscal years, the Company has completed a number of acquisitions as outlined below.

Armored AutoGroup - On May 21, 2015, the Company completed the acquisition of 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 since May 21, 2015 are included in the Company’s Consolidated Statements of Operations for the year ended September 30, 2015.  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 since January 16, 2015 are included in the Company’s Consolidated Statements of Operations for the year ended September 30, 2015, and as part of the Global Pet Supplies segment.

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 leading premium brands for dogs and cats.  The results of the European IAMS and Eukanuba’s operations since December 31, 2014 are included in the Company’s Consolidated Statements of Operations for the year ended September 30, 2015, and as part of the Global Pet Supplies segment.

Tell Manufacturing - On October 1, 2014, the Company completed the acquisition of Tell Manufacturing, Inc. (“Tell”), a leading manufacturer and distributor of commercial doors, locks and hardware.  The results of Tell’s operations since October 1, 2014 are included in the Company’s Consolidated Statements of Operations for the year ended September 30, 2015, and as part of the Hardware and Home Improvement segment.

Liquid Fence - On January 2, 2014, the Company completed the acquisition of the Liquid Fence Company (“Liquid Fence”), a producer of animal repellents. The results of Liquid Fence’s operations since January 2, 2014 are included in the Company’s Consolidated Statements of Operations for the years ended September 30, 2015 and 2014, as part of the Home and Garden segment.

HHI Business - On December 17, 2012, the Company completed the acquisition of the Hardware and Home Improvement Business from Stanley Black & Decker (the “HHI Business”). A portion of the HHI Business, consisting of the purchase of certain assets of TLM Taiwan, closed on April 8, 2013.  The HHI Business is a major manufacturer and supplier of residential locksets, residential builders' hardware and faucets with a portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley and Pfister, as well as patented technologies such as the SmartKey, a re-keyable lockset technology, and Smart Code Home Connect.  The results of the HHI Business operations since December 17, 2012 are included in the Company's Consolidated Statements of Operations

41

for the years ended September 30, 2015, 2014 and 2013, as part of the Hardware & Home Improvement segment. The results of the TLM Business operations since April 8, 2013 are included in the Company's Consolidated Statements of Operations for the years ended September 30, 2015, 2014 and 2013, and as part of the Hardware and Home Improvement segment.

See Note 3, “Acquisitions” in the Notes to the Consolidated Financial Statements, included elsewhere within this Annual Report, for further additional detail regarding acquisition activity.

Restructuring Activity

We continually seek to improve our operational efficiency, match our manufacturing capacity and product costs to market demand and better utilize our manufacturing resources. We have undertaken various initiatives to reduce manufacturing and operating costs.  The most significant of these initiatives are outlined below.

HHI Business Rationalization Initiatives - During the fourth quarter of the fiscal year ended September 30, 2014, the Company implemented a series of initiatives throughout the Hardware & Home Improvement business segment to reduce operating costs and exit low margin business outside of the U.S.  These initiatives will include headcount reductions, the exit of certain facilities and the sale of a portion of the global Hardware & Home Improvement operations.  Costs associated with these initiatives, which are expected to be incurred through September 30, 2016, are projected to be approximately $15 million.

Global Expense Rationalization Initiatives - During the third quarter of the year ended September 30, 2013, the Company implemented a series of initiatives to reduce operating costs. These initiatives consist of headcount reductions in the Global Batteries & Appliances and Global Pet Supplies segments and in Corporate.  Costs associated with these initiatives are expected to be approximately $46 million and are anticipated to be incurred through September 30, 2018.

Global Cost Reduction Initiatives – During the fiscal year ended September 30, 2009, the Company implemented a series of initiatives within the Global Batteries & Appliances, the Global Pet Supplies and the Home and Garden segments.  These initiatives included headcount reductions and the exit of certain facilities within each of these segments, as well as consultation, legal and accounting fees related to the evaluation of the Company’s capital structure. Costs associated with the initiative, which was completed during the year ended September 30, 2015, were $101.8 million. 

See Note 4, “Restructuring and Related Charges” in the Notes to the Consolidated Financial Statements, included elsewhere within this Annual Report, for additional detail regarding restructuring and related activity.

Refinancing Activity

During the year ended September 30, 2015, we refinanced a portion of our debt to improve leverage 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 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 “Revolver”).  The proceeds from the Term Loans and draws on the Revolver were used to repay our then-existing senior term credit facility, repay our outstanding 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.

During the year ended September 30, 2014, the Company amended its then-existing senior term credit facility, issuing two tranches maturing September 4, 2019 which provide for borrowings in the principal amounts of $215.0 million and €225.0 million.  The proceeds from the amendment were used to refinance a portion of the then-existing senior term credit facility which was scheduled to mature December 17, 2019, in an amount outstanding of $513.3 million prior to refinancing. The $215.0 million U.S. dollar denominated portion was combined with the then-existing Tranche C maturing September 4, 2019.  These loans were refinanced during the year ended September 30, 2015 as described above.

See Note 9, “Debt” in the Notes to the Consolidated Financial Statements, included elsewhere within this Annual Report, for additional detail regarding debt.

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Consolidated Results of Operations

Fiscal Year Ended September 30, 2015 Compared to Fiscal Year Ended September 30, 2014

Net Sales.  Net sales for the year ended September 30, 2015 increased $261.3 million, or 5.9%, to $4,690.4 million from $4,429.1 million for the year ended September 30, 2014. The following tables set forth our consolidated net sales by segment for the years ended September 30, 2015 and 2014 and the principal components of the change in net sales from the year ended September 30, 2014 to the year ended September 30, 2015:

(in millions)	2015		2014
Consumer batteries	$	829.5	$	957.8
Small appliances		734.6		730.8
Personal care		528.1		542.1
Global Batteries & Appliances	$	2,092.2	$	2,230.7
Hardware & Home Improvement		1,205.5		1,166.0
Global Pet Supplies		758.2		600.5
Home and Garden		474.0		431.9
Global Auto Care		160.5		—
Net sales	$	4,690.4	$	4,429.1

Net sales as of September 30, 2014	$	4,429.1
Addition of auto care products		160.5
Increase in pet supplies		184.3
Increase in home and garden products		42.2
Increase in personal care products		35.5
Increase in hardware and home improvement products		60.1
Increase in small appliances		51.3
Decrease in consumer batteries		(42.8)
Foreign currency impact, net		(229.8)
Net sales as of September 30, 2015	$	4,690.4

Net Sales.  Consumer battery sales decreased $128.3 million, or 13.4% during the year ended September 30, 2015 compared to the year ended September 30, 2014.  Excluding the impact of negative foreign exchange of $85.5 million, global consumer battery sales decreased $42.8 million.  The constant currency decrease in global consumer battery sales was primarily attributable to the decrease in North American sales of $75.8 million, partially offset by an increase in European consumer battery sales of $29.4 million.  The North American battery decrease was due to lower sales of alkaline batteries of $54.6 million, specialty batteries of $11.1 million and $10.1 million in lights.  The decrease in North American alkaline batteries was primarily attributable to continued competitor discounting coupled with a retail customer bankruptcy. The decrease in North American specialty batteries and lights was primarily attributable to distribution loss to a competitor at a major retailer and timing associated with holiday sales.  The increase in European sales was due to gains of $24.4 million in alkaline batteries attributed to new customers and increased volume at existing retailers and private label customers; increases of $2.4 million in specialty batteries due to new customers and higher sales volume of hearing aid batteries and $2.6 million in lights as a result of new products and increased promotional activity. 

Small appliance sales increased $3.8 million, or 0.5%, during the year ended September 30, 2015 compared to the year ended September 30, 2014, including a negative foreign currency impact of $47.5 million.  Excluding the foreign currency impact, small appliance sales increased $51.3 million, driven by increased sales in North America of $25.1 million, Europe of $24.9 million and $2.0 million in Latin America. The increase in North American sales was attributable to the continued success of new product launches.  The increase in European sales was attributable to promotions at current customers coupled with new customers.  Latin American sales growth resulted from new product introductions and volume increases in certain product lines.

Personal care sales decreased $14.0 million, or 2.6%, including a negative foreign currency impact of $49.4 million, during the year ended September 30, 2015 compared to the year ended September 30, 2014.  Excluding the foreign currency impact, personal care product sales increased $35.5 million, driven by increased sales in North America, Europe and Latin America of $11.6 million, $16.6 million and $5.3 million, respectively.  The North American sales increase was primarily a result of product display location changes at a major customer, promotional activity and continued growth through the e-commerce channel.  The European sales increase was due to a combination of sales from new products and continued expansion into Eastern European markets.  The Latin American sales increase was primarily attributable to growth in Mexico, new customers and effective promotional sales within the region. 

Hardware and home improvement sales increased $39.5 million, or 3.4%, during the year ended September 30, 2015 compared to

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the year ended September 30, 2014.  Excluding a negative foreign exchange impact of $20.6 million, the increase in sales was $60.1 million.  The increase in sales was attributable to the acquisition of Tell, which added $39.4 million, and an increase in North America of $34.9 million, offset by a decrease in sales in the Asia-Pacific region of $14.2 million.  North American sales increased as a result of gains in domestic security and plumbing sales from retailers due to customer gains and from non-retailers through pricing and market growth.  The decrease in Asia-Pacific sales was driven by the exit of products in China and the expiration of a customer tolling agreement.

Global pet supplies sales increased $157.7 million, or 26.3%, during the year ended September 30, 2015 compared to the year ended September 30, 2014, including a negative foreign exchange impact of $26.6 million.  Excluding the foreign currency impact, the increase in sales was $184.3 million, which was attributable to the European IAMS & Eukanuba acquisition and the Salix acquisition that together contributed $200.1 million; partially offset by decrease in aquatics sales of $12.8 million.  The decline in aquatics sales was primarily due to a reduction in promotion activity related to low margin products. 

Home and garden sales increased $42.1 million, or 9.7%, during the year ended September 30, 2015 compared to the year ended September 30, 2014.  The increase in sales were attributed to increases in lawn & garden control products of $13.1 million, repellants of $16.2 million and household insect control products of $12.8 million.  The sales increase for all categories within home and garden was a result of distribution gains, strong point of sale activity driving replenishment orders at existing customers and market share gains on certain brands. 

Net sales from auto care products relate to the acquired AAG business subsequent to the acquisition date of May 21, 2015.  The results of AAG’s operations since the acquisition date are reported as a separate segment, Global Auto Care.

Gross Profit. Gross profit and gross profit margin for the year ended September 30, 2015 were $1,670.3 million and 35.6%, respectively, compared to the year ended September 30, 2014 of $1,568.9 million and 35.4%, respectively.  The increase in gross profit was attributable to an increase in sales and the improvement in gross profit margin was primarily attributable to a  shift towards higher margin sales and continuing cost improvements.

Operating Expenses. Operating expenses for the year ended September 30, 2015 were  $1,196.2 million compared to $1,087.0 million for the year ended September 30, 2014.  The $109.2 million increase in operating expenses during the year ended September 30, 2015 was primarily attributable to an increase of $59.7 million in selling and general and administrative expenses as a result of increased sales and increased acquisition and integration costs of $38.7 million as a result of theacquisitions of AAG, Salix, European IAMS and Eukanuba, and Tell during the year ended September 30, 2015.  Acquisition and integration related charges include, but are not limited to, transaction costs such as banking, legal and accounting professional fees directly related to acquisitions, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses associated with our acquisitions.  See Note 3, “Acquisitions” in Notes to Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding our acquisition and integration related charges.

Restructuring and Related Charges. See Note 4, “Restructuring and Related Charges,” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report for information regarding our restructuring and related charges.

Interest Expense. Interest expense for the year ended September 30, 2015 was $271.9 million compared to $202.1 million for the year ended September 30, 2014. The increase of $69.8 million is primarily attributable to $58.8 million of non-recurring costs incurred related to the financing of the acquisition of AAG and the refinancing activity previously discussed, plus additional interest expense on debt issued in conjunction with the acquisitions of Tell, European IAMS and Eukanuba and Salix during the year ended September 30, 2015.  Interest expense incurred in conjunction with the AAG acquisition included $14.1 million of costs related to bridge financing commitments and $4.5 million of costs related to interest on the assumed AAG senior notes from the date of the acquisition through the time of payoff in June 2015.  Interest expense related to the refinancing of certain debt instruments included the following: (i) $16.9 million of cash expense related to the call premium upon the repayment of 6.75% senior unsecured notes; (ii) $4.1 million of non-cash expense for the write-off of debt issuance costs associated with the repayment of 6.75% senior unsecured notes; (iii) $10.4 million cash expense related to fees associated with refinancing of the then-existing senior term credit facility; and (iv) $8.8 million of non-cash expense for the write-off of unamortized deferred financing fees and unamortized discounts on the then-existing senior credit facility and asset based revolving loan facility.  See Note 9, “Debt” in the Notes to the Consolidated Financial Statements, included elsewhere within this Annual Report, for additional information regarding our outstanding debt.

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Income Taxes. During the year ended September 30, 2015, we recorded income tax expense of $43.9 million on pre-tax income from continuing operations of $193.3 million, compared to the income tax expense of $59.0 million recorded on pre-tax income of $273.5 million for the year ended September 30, 2014.  Our effective tax rate was 22.7% for the year ended September 30, 2015 compared to 21.6% for the year ended September 30, 2014.  Our effective tax rate differs from the U.S. federal statutory rate of 35% primarily due to (i) income earned outside the U.S. that is subject to statutory rates lower than 35%; (ii) the release of valuation allowance on U.S. net operating loss deferred tax assets offsetting tax expense on both U.S. pretax income and foreign income not permanently reinvested; and (iii) 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.  Additionally for the year ended September 30, 2015, we recorded a tax benefit of $22.8 million for the reversal of a portion of the U.S. valuation allowance on deferred tax assets as a result of the AAG acquisition.  For the year ended September 30, 2015, the Company also recognized $23.3 million of deferred tax assets related to its investment in one of its foreign subsidiaries because that timing difference is expected to reverse in the foreseeable future, but due to the US valuation allowance against deferred tax assets there is no net tax benefit for this item.

See Note 13, “Income Taxes,” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding income taxes.

Fiscal Year Ended September 30, 2014 Compared to Fiscal Year Ended September 30, 2013

Net Sales.  Net sales for year ended September 30, 2014 increased $343.5 million, of 8.4%, to $4,429.1 million from $4,085.6 million for the year ended September 30, 2013. The following tables set forth our consolidated net sales by segment for the years ended September 30, 2014 and 2013 and the principal components of the change in net sales from the year ended September 30, 2013 to the year ended September 30, 2014:

(in millions)	2014		2013
Consumer batteries	$	957.8	$	931.6
Small appliances		730.8		740.3
Personal care		542.1		531.7
Global Batteries & Appliances		2,230.7	$	2,203.6
Hardware & Home Improvement		1,166.0		869.6
Global Pet Supplies		600.5		621.9
Home and Garden		431.9		390.5
Net sales	$	4,429.1	$	4,085.6

Net sales as of September 30, 2013	$	4,085.6
Increase in hardware and home improvement products		296.4
Increase in home and garden products		41.4
Increase in consumer batteries		28.5
Increase in personal care products		12.1
Decrease in small appliances		(4.5)
Decrease in pet supplies		(22.7)
Foreign currency impact, net		(7.7)
Net sales as of September 30, 2014	$	4,429.1

Consumer battery sales increased $26.2 million, or 2.8%, during the year ended September 30, 2014 compared to the previous year.  Excluding the negative impact of foreign currency of $2.3 million, global consumer battery sales increased $28.5 million.  The constant currency increase in global consumer battery sales was attributable to increases in European and Latin American consumer battery sales of $24.4 million and $9.8 million respectively, partially offset by a decrease in North American consumer battery sales of $5.7 million.  The increases in European and Latin American sales were a result of retailer distribution gains, new customers and products, successful promotion activities and geographic expansion.  The decrease in North America was primarily driven by the non-recurrence of approximately $10.0 million of flashlight sales in North America related to storm activity in the first quarter of the year ended September 30, 2013.

Small appliance sales decreased $9.5 million, or 1.3%, during the year ended September 30, 2014 compared to the previous year.  Excluding the negative exchange impact of $5.0 million, small appliances decreased $4.5 million.  Excluding foreign exchange impacts, North American sales declined $20.2 million, which was tempered by gains in Europe and Latin America of $13.5 million and$2.2 million, respectively.  The North American sales declines were due to our exit of low-margin promotions during the year ended September 30, 2014.  The European and Latin American sales gains were attributable to promotions with existing retailers, coupled with innovative new product launches.

Personal care sales increased $10.4 million, or 1.9%, during the year ended September 30, 2014 compared to the previous year. 

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Excluding the negative impact of foreign currency of $1.7 million, sales increased $12.1 million.  The constant currency increase was attributable to European sales increases of $7.6 million and Latin America sales increases of $6.5 million, offset by a $2.1 million decline in North American sales.  The gains in Europe were due to innovative new product launches, promotional activities and expansion into new channels.  Latin America sales gains were attributable to volume expansion in Colombia, successful hair care accessories product launches throughout Central America, distribution gains in Brazil and increased promotional activities.  The decrease in North America was due to the non-recurrence of promotions during the first quarter of the year ended September 30, 2013 and customer inventory management, offset by North American sales of innovative new products and successful promotions.

Hardware and home improvement sales increased $296.4 million, or 34.1%, during the year ended September 30, 2014 compared to the previous year.  On a proforma basis, as if the acquisition of the HHI Business had occurred at the beginning of the year ended September 30, 2013, hardware and home improvement sales increased approximately $104.8 million, or 9.8%, to $1,166.0 million for the year ended September 30, 2014 versus $1,061.2 million in the year ended September 30, 2013.  This increase was attributable to the residential security category which accounted for $90.7 million of the increase due to strong retail positioning in North America coupled with the continued recovery of the U.S. housing market.  The plumbing category increased $16.7 million while the hardware product category decreased $2.6 million.  The plumbing product category increased due to growth in the U.S. from both retail and non-retail channels.  Also contributing to the increase in sales was the TLM Business acquisition, as prior year results did not include the TLM Business until April 8, 2013.

Pet supply sales decreased $21.4 million, or 3.4%, during the year ended September 30, 2014 compared to the previous year, including a positive foreign currency exchange impact of $1.3 million.  Excluding foreign exchange impacts, aquatic sales and companion animal sales decreased $18.6 million and $4.1 million, respectively.  The decline in aquatic sales was driven by lower kit and equipment sales in North America and lower aquatic food sales internationally coupled with a one-time negative impact from product registration issues in Russia during the third and fourth quarters of the year ended September 30, 2014.  The decline in companion animal sales was driven by adverse weather in North America, which negatively affected retail store traffic during the second quarter of the year ended September 30, 2014, and the non-recurrence of companion animal promotions that took place during the first quarter of the year ended September 30, 2013.

Home and garden sales increased $41.4 million, or 10.6%, during the year ended September 30, 2014 compared to the previous year.  The increase in sales was attributable to increases in repellent product sales and lawn and garden control sales of $22.6 million and $20.2 million, respectively.  The repellent product sales increase was driven by market share gains, the extended selling season due to favorable weather and a $12.6 million increase due to the Liquid Fence acquisition.  The increase in lawn and garden control sales was primarily driven by distribution gains at key retailers and the extended selling season discussed above.  These gains were partially offset by a slight decline in household insect control sales of $1.5 million.

Gross Profit.  Gross profit and gross profit margin for the year ended September 30, 2014 was $1,568.9 million and 35.4%, respectively, compared to $1,390.3 million and 34.0%, respectively, for the year ended September 30, 2013.  The increase in gross profit and improvement in gross profit margin was primarily attributable to an increase in sales, particularly the shift towards higher margin sales, and continuing cost improvements.  In addition, the increase in gross profit margin was driven by the non-recurrence of a $30.5 million increase to cost of goods sold due to the sale of inventory that was revalued in connection with the acquisition of the HHI Business during the year ended September 30, 2013.

Operating Expenses.  Operating expenses for the year ended September 30, 2014 were $1,087.0 million compared to $1,039.1 million for the year ended September 30, 2013.  The $47.9 million increase in operating expenses during the year ended September 30, 2014 is primarily attributable to an increase of $76.4 million in selling and general and administrative expenses as a result of increased sales partially offset by a $28.3 million decrease in acquisition and integration related charges as a result of the HHI Business acquisition during the year ended September 30, 2013.  Acquisition and integration related charges include, but are not limited to, transaction costs such as banking, legal and accounting professional fees directly related to acquisitions, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses associated with our acquisitions. See Note 3, “Acquisitions” in the Notes to the Consolidated Financial Statements included in this elsewhere in this Annual Report for additional information regarding our acquisition and integration charges.

Restructuring and Related Charges. See Note 4, “Restructuring and Related Charges,” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report for information regarding our restructuring and related charges.

Interest Expense. Interest expense for the year ended September 30, 2014 was $202.1 million compared to $375.6 million for the year ended September 30, 2013. The decrease in interest expense of $173.5 million is primarily due to a non-recurrence of $122.2 million of costs related to extinguishment of our 9.5% senior unsecured notes in the year ended September 30, 2013 coupled with ongoing interest cost savings of $56.1 million from the refinancing of those notes, non-recurrence ofexpenses of $28.8 million related to financing for the HHI Business acquisition in the year ended September 30, 2013.  These savings are partially offset by $11.3 million in costs related to the refinancing of our then-existing senior term loan facility in the year ended September 30, 2014, consisting of the write off of unamortized deferred financing fees and original issue discount, and the inclusion of a full year of interest related to the HHI Business acquisition financing during the year ended September 30, 2014.  See Note 9, “Debt,” of Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K.

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Income Taxes.During the year ended September 30, 2014, we recorded income tax expense of $59.0 million on pre-tax income from continuing operations of $273.5 million, compared to income tax expense of $27.4 million on pre-tax loss from continuing operations of $27.9 million for the year ended September 30, 2013. Our effective tax rate was 21.6% for the year ended September 30, 2014 compared to (98.2)% for the year ended September 30, 2013.  During the year ended September 30, 2014, our effective tax rate differs from the U.S. federal statutory rate of 35% primarily due to (i) income earned outside the U.S. that is subject to statutory rates lower than 35%; (ii) the release of valuation allowance on U.S. net operating loss deferred tax assets offsetting tax expense on both U.S. pretax income and foreign income not permanently reinvested; and (iii) 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.  During the year ended September 30, 2013, our effective tax rate differed from the U.S. federal statutory rate of 35% principally due to: (i) losses in the U.S. and certain foreign jurisdictions for which no tax benefit can be recognized due to full valuation allowances that have been provided on our net operating loss carryforward tax benefits and other deferred tax assets; (ii) 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 and (iii) the reversal of U.S. valuation allowances of $49.8 million on deferred tax assets as a result of the acquisition of the HHI Business. Additionally, in the year ended September 30, 2013, the consolidated pretax income was close to break even, resulting in a higher effective tax rate.  See Note 13, “Income Taxes” of Notes to the Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding income taxes.

Segment Financial Data

The Company manages its business in five vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, (ii) Global Pet Supplies, (iii) Home and Garden, (iv) Hardware & Home Improvement and (v) Global Auto Care.  See Note 18, “Segment Information” of Notes to the Consolidated Financial Statements, included elsewhere in this Annual Report for more information pertaining to segments

Segment profit does not include corporate expenses, acquisition and integration related charges, restructuring and related charges, impairment charges, interest expense, income tax expense, and other non-operating expenses. Corporate expenses primarily include general and administrative expenses and the costs of stock compensation plans which are evaluated on a consolidated basis and not allocated to the segments.

EBITDA and Adjusted EBITDA.  The Company defines EBITDA as net income (loss) before interest expense, income tax expense (benefit), and depreciation and amortization expense.  The Company defines Adjusted EBITDA as EBITDA, excluding share based compensation, acquisition and integration related charges, restructuring and related charges, purchase accounting fair value adjustments, and other items that are unusual in nature or not comparable from period to period.

Adjusted EBITDA is a metric used by management and frequently used by the financial community which provides insight into an organization’s operating trends 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. Adjusted EBITDA can also be a useful measure of a company’s ability to service debt and is one of the measures used for determining our debt covenant compliance.

While we believe that EBITDA and Adjusted EBITDA is useful supplemental information, such adjusted results are not intended to replace our financial results in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”) and should be read in conjunction with those GAAP results.

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Below is a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA for each segment and the consolidated Spectrum Brands Holdings, Inc. group for the years ended September 30, 2015, 2014 and 2013:

	Global		Hardware &								Corporate /
	Batteries &		Home		Global Pet		Home and		Global Auto		Unallocated
SPECTRUM BRANDS HOLDINGS, INC. (in millions)	Appliances		Improvement		Supplies		Garden		Care		Items		Consolidated
For the year ended September 30, 2015
Net income (loss), as adjusted	$	219.6	$	166.5	$	60.0	$	108.3	$	18.2	$	(423.2)	$	149.4
Income tax expense(1)		—		—		—		—		—		43.9		43.9
Interest expense(1)		—		—		—		—		—		271.9		271.9
Depreciation and amortization		71.0		39.4		39.7		13.3		6.6		—		170.0
EBITDA		290.6		205.9		99.7		121.6		24.8		(107.4)		635.2
Share based compensation		—		—		—		—		—		47.6		47.6
Acquisition and integration related charges		4.6		9.1		13.7		2.3		3.8		25.3		58.8
Restructuring and related charges		9.2		9.7		8.9		0.6		—		0.3		28.7
Purchase accounting fair value adjustment		—		0.8		2.2		—		18.7		—		21.7
Venezuela devaluation		2.5		—		—		—		—		—		2.5
Other(2)		—		—		—		—		—		6.1		6.1
Adjusted EBITDA	$	306.9	$	225.5	$	124.5	$	124.5	$	47.3	$	(28.1)	$	800.6
For the Year Ended September 30, 2014
Net income (loss), as adjusted	$	234.6	$	157.2	$	78.7	$	88.1	$	—	$	(344.1)	$	214.5
Income tax expense(1)		—		—		—		—		—		59.0		59.0
Interest expense(1)		—		—		—		—		—		202.1		202.1
Depreciation and amortization		73.1		40.4		31.5		12.6		—		—		157.6
EBITDA		307.7		197.6		110.2		100.7		—		(83.0)		633.2
Share based compensation		—		—		—		—		—		46.8		46.8
Acquisition and integration related charges		7.8		4.4		—		1.1		—		6.8		20.1
Restructuring and related charges		11.1		8.3		3.0		—		—		0.5		22.9
Other(3)		—		—		—		—		—		1.3		1.3
Adjusted EBITDA	$	326.6	$	210.3	$	113.2	$	101.8	$	—	$	(27.6)	$	724.3
For the Year Ended September 30, 2013
Net income (loss), as adjusted	$	213.6	$	75.4	$	77.0	$	77.7	$	—	$	(499.0)	$	(55.3)
Income tax expense(1)		—		—		—		—		—		27.4		27.4
Interest expense(1)		—		—		—		—		—		375.6		375.6
Depreciation and amortization		67.3		31.3		29.6		11.7		—		—		139.9
EBITDA		280.9		106.7		106.6		89.4		—		(96.0)		487.6
Share based compensation		—		—		—		—		—		43.9		43.9
Acquisition and integration related charges		6.1		7.4		2.2		0.1		—		32.6		48.4
Restructuring and related charges		14.8		6.2		11.2		0.6		—		1.2		34.0
Pre-acquisition earnings of HHI(4)		—		30.3		—		—		—		—		30.3
Purchase accounting fair value adjustment		—		31.5		—		—		—		—		31.5
Venezuela devaluation		1.9		—		—		—		—		—		1.9
Adjusted EBITDA	$	303.7	$	182.1	$	120.0	$	90.1	$	—	$	(18.3)	$	677.6

⁽¹⁾ The Company’s policy is to record income tax expense and interest expense on a consolidated basis.  Accordingly, such amounts are not reflected in the operating results of the operating segments and are presented within Corporate/Unallocated Items.

⁽²⁾ For the year ended September 30, 2015, other includes costs associated with onboarding for a key executive coupled with costs associated with exiting another key executive.

⁽³⁾ For the year ended September 30, 2014, other includes costs associated with onboarding for a key executive.

⁽⁴⁾ For the year ended September 30, 2013, the pre-acquisition earnings of HHI do not include the TLM Taiwan business as stand alone financial data is not available for the periods presented. The TLM Taiwan business is not deemed material to the Company's operating results.

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Below is a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA for each segment and the consolidated SB/RH Holdings, LLC group for the years ended September 30, 2015, 2014 and 2013:

	Global		Hardware &								Corporate /
	Batteries &		Home		Global Pet		Home and		Global Auto		Unallocated
SB/RH HOLDINGS, LLC (in millions)	Appliances		Improvement		Supplies		Garden		Care		Items		Consolidated
For the year ended September 30, 2015
Net income (loss), as adjusted	$	219.6	$	166.5	$	60.0	$	108.3	$	18.2	$	(416.8)	$	155.8
Income tax expense(1)		—		—		—		—		—		43.9		43.9
Interest expense(1)		—		—		—		—		—		271.9		271.9
Depreciation and amortization		71.0		39.4		39.7		13.3		6.6		—		170.0
EBITDA		290.6		205.9		99.7		121.6		24.8		(101.0)		641.6
Share based compensation		—		—		—		—		—		41.8		41.8
Acquisition and integration related charges		4.6		9.1		13.7		2.3		3.8		25.3		58.8
Restructuring and related charges		9.2		9.7		8.9		0.6		—		0.3		28.7
Purchase accounting fair value adjustment		—		0.8		2.2		—		18.7		—		21.7
Venezuela devaluation		2.5		—		—		—		—		—		2.5
Other(2)		—		—		—		—		—		6.1		6.1
Adjusted EBITDA	$	306.9	$	225.5	$	124.5	$	124.5	$	47.3	$	(27.5)	$	801.2
For the Year Ended September 30, 2014
Net income (loss), as adjusted	$	234.6	$	157.2	$	78.7	$	88.1	$	—	$	(341.5)	$	217.1
Income tax expense(1)		—		—		—		—		—		59.0		59.0
Interest expense(1)		—		—		—		—		—		202.1		202.1
Depreciation and amortization		73.1		40.4		31.5		12.6		—		—		157.6
EBITDA		307.7		197.6		110.2		100.7		—		(80.4)		635.8
Share based compensation		—		—		—		—		—		44.9		44.9
Acquisition and integration related charges		7.8		4.4		—		1.1		—		6.8		20.1
Restructuring and related charges		11.1		8.3		3.0		—		—		0.5		22.9
Other(3)		—		—		—		—		—		1.3		1.3
Adjusted EBITDA	$	326.6	$	210.3	$	113.2	$	101.8	$	—	$	(26.9)	$	725.0
For the Year Ended September 30, 2013
Net income (loss), as adjusted	$	213.6	$	75.4	$	77.0	$	77.7	$	—	$	(491.2)	$	(47.5)
Income tax expense(1)		—		—		—		—		—		27.4		27.4
Interest expense(1)		—		—		—		—		—		369.5		369.5
Depreciation and amortization		67.3		31.3		29.6		11.7		—		—		139.9
EBITDA		280.9		106.7		106.6		89.4		—		(94.3)		489.3
Share based compensation		—		—		—		—		—		43.1		43.1
Acquisition and integration related charges		6.1		7.4		2.2		0.1		—		32.6		48.4
Restructuring and related charges		14.8		6.2		11.2		0.6		—		1.2		34.0
Pre-acquisition earnings of HHI(4)		—		30.3		—		—		—		—		30.3
Purchase accounting fair value adjustment		—		31.5		—		—		—		—		31.5
Venezuela devaluation		1.9		—		—		—		—		—		1.9
Adjusted EBITDA	$	303.7	$	182.1	$	120.0	$	90.1	$	—	$	(17.4)	$	678.5

⁽¹⁾ The Company’s policy is to record income tax expense and interest expense on a consolidated basis.  Accordingly, such amounts are not reflected in the operating results of the operating segments and are presented within Corporate/Unallocated Items.

⁽²⁾ For the year ended September 30, 2015, other includes costs associated with onboarding for a key executive coupled with costs associated with exiting another key executive.

⁽³⁾ For the year ended September 30, 2014, other includes costs associated with onboarding for a key executive.

⁽⁴⁾ For the year ended September 30, 2013, the pre-acquisition earnings of HHI do not include the TLM Taiwan business as stand alone financial data is not available for the periods presented. The TLM Taiwan business is not deemed material to the Company's operating results.

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Global Batteries & Appliances

	2015		2014		2013
Net Sales	$	2,092.2	$	2,230.7	$	2,203.6
Segment Profit	$	240.8	$	256.5	$	237.5
Segment Profit as a % of net sales		11.5%		11.5%		10.8%
Adjusted EBITDA	$	306.9	$	326.6	$	303.7

Refer to Consolidated Results of Operations section for discussion on changes in net sales.

Segment profit for the year ended September 30, 2015 decreased $15.7 million from $256.5 million for the year ended September 30, 2014 to $240.8 million for the year ended September 30, 2015.  Segment profit as a percentage of sales remained consistent for both years at 11.5%.  The decrease in segment profit is attributable to the decreased sales as previously discussed, which was partially offset by cost improvements and favorable product mix.  Adjusted EBITDA for the year ended September 30, 2015 decreased $19.7 million to $306.9 million from $326.6 million for the year ended September 30, 2014.  The decrease was attributable to the factors discussed above.

Segment profit for the year ended September 30, 2014 increased to $256.5million from $237.5 million for the year ended September 30, 2013.  Segment profit as a percentage of net sales increased slightly to 11.5% for the year ended September 30, 2014 versus 10.8% for the year ended September 30, 2013.  The increase was primarily attributable to increased sales as previously discussed and cost improvements, which were partially offset by unfavorable product mix and pricing pressures in the U.S. and Europe.  Adjusted EBITDA for the year ended September 30, 2014 increased to $326.6 million from $303.7 million for the year ended September 30, 2013.   The increase was driven by the factors discussed above.

Hardware & Home Improvement

	2015		2014		2013
Net Sales	$	1,205.5	$	1,166.0	$	869.6
Segment Profit	$	185.2	$	172.2	$	88.7
Segment Profit as a % of net sales		15.4%		14.8%		10.2%
Adjusted EBITDA	$	225.5	$	210.3	$	182.1

Refer to Consolidated Results of Operations section for discussion on changes in net sales.

Segment profit increased $13.0 million from $172.2 million for the year ended September 30, 2014 to $185.2 for the year ended September 30, 2015.  Segment profit as a percentage of net sales of 15.4% for the year ended September 30, 2015, was up from 14.8% for the year ended September 30, 2014.  The increase in segment profit was primarily driven by the increase in sales volumes discussed above along with cost improvements and inclusion of Tell acquired during the year ended September 30, 2015.  The cost improvements were responsible for the increase in segment profit as a percentage of net sales.  Adjusted EBITDA was $225.5 million for the year ended September 30, 2015,  increase of $15.2 million compared to $210.3 million for the year ended September 30, 2014.  The increase in Adjusted EBITDA was attributable to the factors discussed above.

Segment profit increased $83.5 million to $172.2 million for the year ended September 30, 2014 compared to $88.7 million for the year ended September 30, 2013. Segment profit as a percentage of net sales was 14.8% for the year ended September 30, 2014 and 10.2% for the year ended September 30, 2013.  Results of the HHI Business relate to operations subsequent to the acquisition of the HHI Business (on December 17, 2012) during the fiscal year ended September 30, 2013. A portion of the HHI Business, consisting of the TLM Business, is included in the results of the Hardware and Home Improvement segment subsequent to its acquisition on April 8, 2013.  The increase was primarily driven by the inclusion of the HHI Business for an entire fiscal year for the year ended September 30, 2014 compared to a partial year due to the acquisition of the segment during the year ended September 30, 2013.  Furthermore, the increase was driven by cost improvements, coupled with the non-recurrence of a $31.5 million cost of goods sold charge during the year ended September 30, 2013 associated with the sale of acquired inventory adjusted to fair value on the date of acquisition.  Adjusted EBITDA was $210.3 million for the year ended September 30, 2014 compared to $182.1 million for the year ended September 30, 2013.  The increase in Adjusted EBITDA was driven by the increased sales, cost improvements and other factors discussed above.

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Global Pet Supplies

	2015		2014		2013
Net Sales	$	758.2	$	600.5	$	621.9
Segment Profit	$	83.9	$	82.4	$	91.1
Segment Profit as a % of net sales		11.1%		13.7%		14.6%
Adjusted EBITDA	$	124.5	$	113.2	$	120.0

Refer to Consolidated Results of Operations section for discussion on changes in net sales.

Segment profit for the year ended September 30, 2015 was $83.9 million, an increase of $1.5 million from $82.4 million for the year ended September 30, 2014.  Segment profit as a percentage of net sales decreased from 13.7% for the year ended September 30, 2014 to 11.1% for the year ended September 30, 2015.  The decrease in segment profit as a percentage of net sales is attributable to increased product costs due to product mix compared to the prior year.  Partially offsetting the decrease in segment profit was sales from the Salix and European IAMS and Eukanuba acquisitions.   Adjusted EBITDA increased $11.3 million from $113.2 million to $124.5 million.  The increase in Adjusted EBITDA is attributable to the factors discussed above and the inclusion of the Salix and European IAMS and Eukanuba acquisitions during the year ended September 30, 2015.

Segment profit decreased $8.7 million to $82.4 million for the year ended September 30, 2014 compared to $91.1 million for the year ended September 30, 2013.  Segment profit as a percentage of net sales for the year ended September 30, 2014 decreased to 13.7%, compared to 14.6% for the year ended September 30, 2013. The decrease in segment profit and segment profitability as a percentage of sales was primarily driven by unfavorable product mix during the year ended September 30, 2014 as compared to year ended September 30, 2013, which was partially offset by cost improvements in manufacturing and sourcing.  Also contributing to the decrease in segment profit was the decrease in sales previously discussed.  Adjusted EBITDA for the year ended September 30, 2014 decreased $6.8 million to $113.2 million from $120.0 million for the year ended September 30, 2013. The decrease was driven by the unfavorable product mix discussed above.

Home and Garden Business

	2015		2014		2013
Net Sales	$	474.0	$	431.9	$	390.5
Segment Profit	$	111.2	$	89.3	$	78.5
Segment Profit as a % of net sales		23.5%		20.7%		20.1%
Adjusted EBITDA	$	124.5	$	101.8	$	90.1

Refer to Consolidated Results of Operations section for discussion on changes in net sales.

Segment profit for the year ended September 30, 2015 increased $21.9  million to $111.2 million compared to $89.3 million for the year ended September 30, 2014.  Segment profit as a percentage of net sales also increased to 23.5% for the year ended September 30, 2015 compared to 20.7% for the year ended September 30, 2014.  Increases in segment profit and segment profit as a percentage of net sales were driven by cost improvements compared to the prior year.  Also contributing to the increase in segment profit was the increase in sales previously discussed.  Adjusted EBITDA was $124.5 million for the year ended September 30, 2015, increase of $22.7 million from $101.8 million for the year ended September 30, 2014.  The increase in Adjusted EBITDA is attributable to the increased sales and cost improvements discussed above.

Segment profit for the year ended September 30, 2014 increased $10.8 million to $89.3 million from $78.5 million for the year ended September 30, 2013.  Segment profit as a percentage of net sales for the year ended September 30, 2014 increased to 20.7% from 20.1%.  Increases in segment profit and segment profit as a percentage of net sales were driven by the acquisition of Liquid Fence during the year ended September 30, 2014.  Also contributing to the increase in segment profit was the increase in sales previously discussed.  Adjusted EBITDA increased $11.7 million to $101.8 million for the year ended September 30, 2014 compared to segment Adjusted EBITDA of $90.1 million for the year ended September 30, 2013. The increases are driven by the increase in net sales coupled with cost and operating expense improvements.

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Global Auto Care

	2015
Net Sales	$	160.5
Segment Profit	$	21.8
Segment Profit as a % of net sales		13.6%
Adjusted EBITDA	$	47.3

Results of the AAG business, reported as a separate business segment, Global Auto Care, relate to operations subsequent to the acquisition date of May 21, 2015.

Liquidity and Capital Resources

The following is a summary of the Company’s cash flows for the years ended September 30, 2015, 2014 and 2013:

	Spectrum Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
Net cash provided by operating activities	$	444.3	$	432.7	$	256.5	$	441.8	$	434.7	$	258.2
Net cash used by investing activities	$	(1,279.7)	$	(93.5)	$	(1,483.0)	$	(1,279.7)	$	(93.5)	$	(1,476.7)
Net cash provided (used) by financing activities	$	918.4	$	(343.5)	$	1,280.2	$	922.6	$	(338.2)	$	1,263.4
Effect of exchange rate changes on cash and cash equivalents	$	(29.7)	$	(8.3)	$	(4.5)	$	(29.7)	$	(8.3)	$	(4.5)

Spectrum Brands Holdings, Inc.

Net cash provided by operating activities

The $11.6 million increase in cash provided by operating activities for the year ended September 30, 2015 was primarily due to: (i) cash generated from higher Adjusted EBITDA of $76.3 million; (ii) decrease in cash paid for taxes of $26.3 million; and (iii) decrease in cash paid for restructuring and related charges of $8.1 million; which was partially offset by (i) increased cash paid for acquisition and integrationcosts of $9.8 million from increased acquisition activity; (ii) increased cash paid for interest of $71.6 million due to charges associated with financing the AAG acquisition and increased debt; and (iii) $17.7 million of incremental use of cash from working capital driven by higher inventory and other working capital items partially offset by lower accounts receivable and higher accounts payable and other working capital accruals. 

The $176.2 million increase in cash provided by operating activities for the year ended September 30, 2014 was primarily due to: (i) cash generated from higher Adjusted EBITDA of $79.3 million, excluding pre-acquisition earnings of the HHI Business; (ii) $67.2 million of additional generation of cash from working capital and other items driven by lower accounts receivable and inventory, partially offset by lower accounts payable and other working capital items; (iii) lower cash payments for interest of $46.4 million due to refinancing; and (iv) lower cash acquisition, integration and restructuring related costs of $14.0 million; which was partially offset by higher cash payments for income taxes of $30.7 million. 

Net cash used by investing activities

The $1,186.2 million increase in cash used by investing activities during the year ended September 30, 2015 was primarily attributable to the cash used for acquisitions of $1,191.1 millionduring the year ended September 30, 2015, which related to the $898.4 million, net cash acquired, for the AAG acquisition; $147.8 million, net cash acquired, for the Salix acquisition; $115.7 million, net cash acquired, for the European IAMS and Eukanuba acquisition and $29.2 million, net cash acquired, for the Tell acquisition, compared to the $27.6 million, net cash acquired, used for the Liquid Fence acquisition during the year ended September 30, 2014.

The $1,389.5 million decrease in cash used by investing activities during the year ended September 30, 2014 was primarily driven by a decrease in cash used for acquisitions of $1,372.2 million, which related to the $1,351.0 million, net of cash acquired, for theHHI Business acquisition and the $48.8 million, net of cash acquired, for theShaser acquisition during the year ended September 30, 2013, compared to the $27.6 million, net of cash acquired, used for theLiquid Fence acquisition during the year ended September 30, 2014.

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Net cash provided (used) by financing activities

Net cash provided by financing activities for the year ended September 30, 2015 consist of (i) refinancing of the then-existing senior term facilities resulting in $2,036.5 million proceeds for the issuance of the new Term Loans and $1,589.6 million payment on the then-existing senior term facilities; (ii) $1,000.0 million proceeds from the issuance of the 5.75% Notes (iii) $540.0 million repayment of AAG debt assumed as part of the AAG acquisition (iv) $250.0 million proceeds from the issuance of the 6.125% Notes; (v) $300.0 million repayment of the 6.75% Notes; (vi) $363.6 million of amortizing payments on debt (vii) payment of debt issuance costs of $38.1 million; (vi) $562.7 million of proceeds from the issuance of common stock, net issuance costs; (vii) cash dividends of $70.7 million; and (viii) treasury stock purchases of $21.2 million.

Net cash used by financing activities for the year ended September 30, 2014 consisted of: (i) proceeds related to the issuance of debt under our former senior term facilities of $523.7 million; (ii) repayment of $764.9 million under our former senior credit facilities and $6.0 million of other debt; (iii) dividend payments of $61.9 million; (iv) payment of share-based tax withholdings of employees for vested stock awards of $24.9 million; (v) treasury stock purchases of $4.5 million; and (vi)  payment of debt issuance costs of $5.4 million.  

Net cash provided by financing activities for the year ended September 30, 2013 consisted of: (i) proceeds related to the issuance of debt under our former senior term facilities of $1,936.3 million, $570.0 million issuance of the 6.625% Notes, and $520.0 million issuance of the 6.375% Notes; (ii) extinguishment of 9.5% Notes of $950.0 million and repayment of former senior credit facilities of $571.1 million; (iii) payment of debt issuance costs of $60.9 million; (iv) dividend payments of $40.1 million; (v) payment of share-based tax withholdings of employees for vested stock awards of $20.1 million; (vi) treasury stock purchases of $3.2 million; and (ix) $11.9 million of proceeds from other financing activities.

SB/RH Holdings, LLC

Net cash provided by operating activities

The $7.1 million and $176.5 million increases in cash provided by operating activities from SB/RH Holdings, LLC for the year ended September 30, 2015 and the year ended September 30, 2014, respectively, are primarily attributable to the Spectrum Brands Holdings, Inc. factors discussed above.

Net cash used by investing activities

The $1,186.2 million increase and $1,383.2 million decrease in cash used by investing activities from SB/RH Holdings, LLC for the year ended September 30, 2015 and the year ended September 30, 2014, respectively, are primarily attributable to the Spectrum Brands Holdings, Inc. factors discussed above.

Net cash provided (used) by financing activities

Net cash used by financing activities for the year ended September 30, 2015 consist of: (i) refinancing of the then-existing senior term facilities resulting in $2.036.5 million of proceeds for the issuance of the new Term Loans and $1,589.6 million payment on the then existing senior term facilities; (ii) $1,000.0 million proceeds from the issuance of the 5.75% Notes (iii) $540.0 million repayment of AAG debt assumed as part of the AAG acquisition (iv) $250.0 million proceeds from the issuance of the 6.125% Notes; (v) $300.0 million repayment of the 6.75% Notes; (vi) $363.6 million of amortizing payments on debt; (vii) payment of debt issuance costs of $37.8 million; (vi) $528.3 million of proceeds from the parent, SBH; and (vii) cash dividends paid toSBH of $72.1 million.

Net cash used by financing activities for the year ended September 30, 2014 consisted of: (i) proceeds related to the issuance of debt under our former senior term loans of $523.7 million; (ii) repayment of $764.9 million under the former senior credit facilities and $6.0 million of other debt; (iii) dividend payments to SBH of $77.0 million; (iv) payment of share-based tax withholdings of employees for vested stock awards of $24.9 million; and (v) payment of debt issuance costs of $5.4 million.

Net cash provided by financing activities for the year ended September 30, 2013 consisted of: (1) proceeds related to the issuance of debt under our former term facilities of $1,936.3 million, issuance of 6.625% Notes of $570.0 million, and issuance of 6.375% Notes of $520.0 million; (ii) extinguishment of 9.5% Notes of $950.0 million and repayment of former senior credit facilities of $571.1 million; (iii) payment of debt issuance costs of $60.9 million; (iv) dividend payment to SBH of $88.7 million; (v) payment of share-based tax withholdings of employees for vested stock awards of $20.1 million; (vi) proceeds from a $28.6 million contribution from parent and (ix) $11.9 million of proceeds from other financing activities.

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Capital Expenditures

Capital expenditures for the Company totaled $89.1 million, $73.3 million and $82.0 million for the years ended September 30, 2015, 2014, and 2013, respectively.  We expect to make investments in capital projects similar to historical levels, as well as incremental investments in high return cost reduction projects slightly above historical levels.

Depreciation and Amortization

Depreciation and amortization for the Company totaled $170.0 million, $157.6 million and $139.9 million for the years ended September 30, 2015, 2014, and 2013, respectively.  The increase in depreciation and amortization for the year ended September 30, 2015 is due to the recognition of property, plant and equipment and definite lived intangible assets from the acquisitions of AAG, European IAMS and Eukanuba, Salix and Tell.  The increase in depreciation and amortization for the year ended September 30, 2014 is due to the recognition of property, plant and equipment and definite lived intangible assets from the acquisition of Liquid Fence.

Indebtedness

Refer to Note 9, “Debt” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report on for additional information.

In addition to the outstanding principal on our debt obligations, we have annual interest payment obligations of $202.7 million in the aggregate. This includes interest under our:(i) 6.375% Notes of approximately $33.2 million;(ii) 6.625% Notes of approximately $37.8 million (iii) 6.125% Notes of approximately $15.3 million;(iv) 5.75% Notes of $57.5 million and (iv) Term Loans of $58.9 million. Interest on the 6.375% Notes, the 6.625% Notes and the 6.75% Notes is payable semi-annually in arrears and interest under the Term Loan and the Revolver Facility is payable on various interest payment dates as provided in the Senior Credit Agreement. We are required to pay certain fees in connection with our outstanding debt obligations including a quarterly commitment fee of up to 0.50% on the unused portion of the Revolver Facility and certain additional fees with respect to the letter of credit sub-facility under the Revolver Facility.

At September 30, 2015, 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 6.75% Notes, and the indenture governing the 5.75% Notes.See Item 1A. Risk Factors, for further discussion of the risks associated with our ability to service all of our existing indebtedness, our ability to maintain compliance with financial and other covenants related to our indebtedness and the impact of the current economic crisis.

Credit Ratings

The Company’s access to the capital markets and financing costs in those markets 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 year ended September 30, 2015,  SBH granted 0.6 million shares of 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 Board of Directors or in certain cases if the employee is terminated without cause. The total market value of the restricted shares on the date of grant was approximately $52.9 million, which represented unearned restricted stock compensation. Such unearned compensation is amortized to expense over the appropriate vesting period.

During the year ended September 30, 2015, SBH issued 6.2 million shares of common stock in connection with the AAG acquisition, resulting in $562.7 million in proceeds, net of equity issuance costs.

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 $300.0 million common stock repurchase program.  The authorization is effective for 36 months.  During the years ended September 30, 2015 and 2014, SBH repurchased 230,000 and 71,752 shares, respectively.

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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.

At September 30, 2015,  based on the Company’s current tax strategy, there are no significant foreign cash balances available for repatriation. For the year ending September 30, 2016, we expect to generate between $75 million and $125 million of foreign cash that may be repatriated for general corporate purposes.

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.

Contractual Obligations & Other Commercial Commitments

The following table summarizes our contractual obligations as of September 30, 2015 and the effect such obligations are expected to have on our liquidity and cash flow in future periods:

	Contractual Payments Due by Period
(in millions)		Total		Less than 1 year		1 to 3 years		3 to 5 years		Thereafter
Debt, excluding capital lease obligations (1)	$	3,889.6	$	26.6	$	30.8	$	30.8	$	3,801.4
Interest payments excluding capital lease obligations		1,530.9		203.8		403.5		401.2		522.4
Capital lease obligations (2)		119.7		11.1		20.2		17.1		71.3
Operating lease obligations		151.5		39.7		60.0		31.2		20.6
Employee benefit obligations(3)		111.9		9.3		19.6		22.1		60.9
Other purchase obligations		29.7		23.6		5.7		0.4		—
Total Contractual Obligations(4)	$	5,833.3	$	314.1	$	539.8	$	502.8	$	4,476.6

⁽¹⁾ Debt does not include debt held by SB/RH with SBH of $34.7 million as of September 30, 2015. See Note 9 “Debt”, included elsewhere in this Annual Report.

⁽²⁾ Capital lease payments due by fiscal year include executory costs and imputed interest not reflected in the Consolidated Statements of Financial Position included elsewhere in this Annual Report.

⁽³⁾ Employee benefit obligations represent the sum of our estimated future minimum required funding for our qualified defined benefit plans based on actuarially determined estimates and projected future benefit payments from our unfunded postretirement plans. For additional information about our employee benefit obligations, see Note 12, “Employee Benefit Plans,” of Notes to Consolidated Financial Statements, included elsewhere in this Annual Report.

⁽⁴⁾ At September 30, 2015, our Consolidated Statements of Financial Position includes reserves for uncertain tax positions. However, it is not possible to predict or estimate the timing of payments for these obligations. The Company cannot predict the ultimate outcome of income tax audits currently in progress for certain of our companies; however, it is reasonably possible that during the next 12 months, some portion of our unrecognized tax benefits could be recognized.

The following table summarizes our other commercial commitments as of September 30, 2015, consisting entirely of standby letters of credit that back the performance of certain of our entities under various credit facilities, insurance policies and lease arrangements:

	Contractual Payments Due by Period
(in millions)		Total		Less than 1 year		1 to 3 years		3 to 5 years		Thereafter
Letters of credit	$	32.7	$	24.7	$	8.0	$	—	$	—

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Critical AccountingPolicies and Estimates

Our Consolidated Financial Statements have been prepared in accordance with GAAP and fairly present our financial position and results of operations. The preparation of the consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The Company bases its accounting estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, and evaluates its estimates on an ongoing basis.  The following policies are considered by management to be the most critical to understanding the judgments that are involved in the preparation of our consolidated financial statements and the uncertainties that could impact our results of operations, financial position and cash flows. The application of these accounting policies requires judgment and use of assumptions as to future events and outcomes that are uncertain and, as a result, actual results could differ from these estimates.  Refer to Note 2 “Summary of Significant Accounting Policies” of Notes to the Consolidated Financial Statements for all relevant accounting policies.

Goodwill, Intangible Assets and Other Long-Lived Assets

The Company’s goodwill, intangible assets and tangible fixed assets are stated at historical cost, net of depreciation and amortization, less any provision for impairment.  Intangible and tangible assets with determinable lives are amortized or depreciated on a straight line basis over estimated useful lives.  Refer to Note  2“Significant Accounting Policies and Practices” of Notes to Consolidated Financial Statements for more information about useful lives.

On an annual basis, or more frequently if triggering events occur, the Company compares the estimated fair value of its reporting units to the carrying value to determine if potential goodwill impairment exists; our reporting units are consistent with our segments (See Note 18, “Segment Information” for further discussion over operating and reporting segments).  If the fair value of a reporting unit is less than its carrying value, an impairment loss, if any, is recorded for the difference between the implied fair value of the reporting unit goodwill and its carrying value.  The estimated fair value represents the amount at which a reporting unit could be bought or sold in a current transaction between willing parties on an arms-length basis.  In estimating the fair value of the reporting unit, we used a discounted cash flows methodology, which requires us to estimate future revenues, expenses, and capital expenditures and make assumptions about our weighted average cost of capital and perpetuity growth rate, among other variables.  We test the aggregate estimated fair value of our reporting units by comparison to our total market capitalization, including both equity and debt capital.  The fair value of Global Batteries & Appliances, Hardware and Home Improvement, Global Pet Supplies, and Home & Garden reporting units exceeded their carrying value by 54%, 38%, 29% and 66%, respectively. 

As a result of the AAG acquisition in the third quarter of the year ended September 30, 2015, a new reporting unit and segment was established, Global Auto Care.  Due to the recent closing of the acquisition and the measurement of net assets acquired to fair value, a qualitative assessment of the carrying value of goodwill was performed for this reporting unit.  This included the evaluation of factors such as macroeconomic conditions, industry and market conditions, cost factors, overall financial performance and reporting unit factors, among others.  Based on its qualitative assessment, management concluded that it is not more likely than not that the fair value of this reporting unit is less than its carrying amount, and a  quantitative impairment test of the acquired goodwill for Global Auto Care was not deemed necessary.

In addition to goodwill, the Company has indefinite-lived intangible assets that consist of acquired tradenames.  On an annual basis, or more frequently if triggering events occur, the Company compares the estimated fair value of the identified trade names to the carrying value to determine if potential impairment exists.  If the fair value is less than its carrying value, an impairment loss is recorded for the excess.  The fair value of indefinite-lived intangible assetsis determined using an income approach, therelief from royalty methodology, which requires us to make estimates and assumptions about future revenues, royalty rates, and the discount rate, among others.  The fair value of our tradenames exceeded the carrying values as of the date of our latest annual impairment testing resulting in no impairment of our indefinite lived intangible assets for the year ended September 30, 2015.

The Company also reviews other definite-lived intangible assets and tangible fixed assets for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable.  Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review.  If such indicators are present, the Company performs undiscounted cash flow analyses to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows expected to be generated by the asset did not exceed the carrying value of the asset.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the year that necessitated an impairment test over definite-lived assets.

A considerable amount of judgment and assumptions is required in performing the impairment tests, principally in determining the fair value of each reporting unit and assets subject to impairment testing.  While the Company believes its judgments and assumptions are reasonable, different assumptions could change the estimated fair value and therefore, additional impairment changes could be

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required.  The Company is subject to financial statement risk in the event that business or economic conditions unexpectedly decline and impairment is realized.

Pensions

The Company recognizes amounts on the consolidated financial statements related to defined benefit pension plans using a September 30 measurement date.  The accounting for these plans requires us to recognize the overfunded and/or underfunded status of each pension plan (i.e. the estimated present value of future benefits, net of plan assets) on the consolidated statement of financial position.  A substantial portion of our pension obligations are related to defined benefit pension plans in the U.S., a majority of which are frozen.  The determination of the estimated present value of future benefits includes several important assumptions, particularly around discount rates, expected returns on plan assets, and retirement and mortality rates.

The Company’s discount rate assumptions are based on the interest rate of high-quality corporate bonds, with appropriate consideration of our plans’ participants’ demographics and benefit payment terms.  For the year ended September 30, 2015, we used discount rates ranging from 1.75% to 13.81%.  We believe the discount rates used are reflective of the rates at which pension benefits could be effectively settled.  If interest rates decline resulting in a lower discount rate, our pension liability, will increase along with the related pension expense and required funding contributions.  

The Company’s expected return on plan assets assumptions are based on our expectation of long-term average rates of return on assets in the pension funds, which reflect both the current and projected asset mix of the funds and consider the historical returns earned on the fund.  If the actual rates of return are lower than we assume, our future pension expense and required funding contributions may increase.  Actual returns above the assumed level could decrease future pension expense and lower the amount of required funding contributions.  For the year ended September 30, 2015, we used an expected return on plan assets of 7.25%.  If plan assets decline due to poor market performance, our pension liability will increase along with increasing pension expense and required funding contributions may increase.

The Company reviews its actuarial assumptions on an annual basis and makes modifications based on current rates and trends when appropriate.  Based on the information provided by independent actuaries and other relevant sources, the Company believes that the assumptions used are reasonable; however, changes in these assumptions could impact our financial position, results of operations or cash flows in the future.  See Note 12,  “Employee Benefit Plans,” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report for further discussion of our employee benefit plans.

Acquisition Accounting

The fair value of the consideration we pay for each new acquisition is allocated to tangible assets and identifiable intangible assets, liabilities assumed, any non-controlling interest in the acquired entity and goodwill.  The accounting for acquisitions involves a considerable amount of judgment and estimate, including the fair value of certain forms of consideration; fair value of acquired intangible assets involving projections of future revenues and cash flows that are then either discounted at an estimated discount rate or measured at an estimated royalty rate; fair value of other acquired assets and assumed liabilities, including potential contingencies; and the useful lives of the acquired assets. The assumptions used are determined at the time of the acquisition in accordance with accepted valuation models.  Projections are developed using internal forecasts, available industry and market data and estimates of long-term rates of growth for our business. The impact of prior or future acquisitions on our financial position or results of operations may be materially impacted by the change in or initial selection of assumptions and estimates.  Refer to Note 3, “Acquisitions” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report for further discussion of business combination accounting valuation methodology and assumptions.  See Note 3, “Acquisitions” of Notes to the Consolidated Financial Statements included elsewhere in this Annual Report for further discussion of our acquisition and valuation assumptions.

Restructuring and Related Charges

Restructuring charges include, but are not limited to, termination and related costs consisting primarily of one-time termination benefits such as severance costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs. Related charges, as defined by us, include, but are not limited to, other costs directly associated with exit and relocation activities, including impairment of property and other assets, departmental costs of full-time incremental employees, and any other items related to the exit or relocation activities. Costs for such activities are estimated by us after evaluating detailed analyses of the costs to be incurred.

Liabilities from restructuring and related charges are recorded for estimated costs of facility closures, significant organizational adjustments and measures undertaken by us to exit certain activities. Costs for such activities are estimated by us after evaluating detailed analyses of the costs to be incurred. Such liabilities could include amounts for items such as severance costs and related benefits (including settlements of pension plans), impairment of property and equipment and other current or long term assets, lease termination payments and any other items directly related to the exit activities.

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Restructuring and related charges associated with manufacturing and related initiatives are reported in cost of goods sold. Restructuring and related charges reflected in cost of goods sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives and other costs directly related to the restructuring initiatives implemented.  Restructuring and related charges associated with administrative functions are reported in operating expenses, such as initiatives impacting sales, marketing, distribution or other non-manufacturing related functions. Restructuring and related charges reflected in operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the administrative functions and other costs directly related to the initiatives implemented.

While the actions are carried out as expeditiously as possible, restructuring and related charges are estimates. Changes in estimates resulting in an increase to or a reversal of a previously recorded liability may be required as we execute a restructuring plan. See Note 4, “Restructuring and Related Charges” of Notes to Consolidated Financial Statements included elsewhere in this Annual Report for a more complete discussion of our restructuring initiatives and related costs.

Income Taxes

The Company is subject to income taxes in the U.S. and numerous foreign jurisdictions.  Significant judgment is required in determining our worldwide provision for income taxes and recording the related deferred tax assets and liabilities. 

The Company assesses its income tax positions and records tax liabilities for all years subject to examination based upon management’s evaluation of the facts and circumstances and information available for reporting.  For those income tax positions where it is more-likely-than-not that a tax benefit will not be sustained upon conclusion of an examination, the Company has recorded a reserve based upon the largest amount of tax benefit having a cumulatively greater than 50% likelihood of being realized upon ultimate settlement with the applicable taxing authority assuming that it has full knowledge of all relevant information.  For those income tax positions where it is more-likely-than-not that a tax benefit will be sustained, the Company did not recognize a reserve.  As of September 30, 2015, the total amount of unrecognized tax benefits, including interest and penalties, that if not recognized, would affect the effective tax rate in future periods was $14.3 million. Our effective tax rate includes the impact of income tax reserves and changes to those reserves when considered appropriate. A number of years may elapse before a particular matter for which we have established a reserve is finally resolved. Unfavorable settlement of any particular issue may require the use of cash or a reduction in our net operating loss carryforwards. Favorable resolution would be recognized as a reduction to the effective rate in the year of resolution.

The Company recognizes deferred tax assets and liabilities for future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases, net operating losses, tax credit, and other carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The Company regularly reviews its deferred tax assets for recoverability and establishes a valuation allowance based on historical losses, projected future taxable income, expected timing of the reversals of existing temporary differences, and ongoing prudent and feasible tax planning strategies.  We base these estimates on projections of future income, including tax planning strategies, in certain jurisdictions. Changes in industry conditions and other economic conditions may impact our ability to project future income. Should we determine that we would not be able to realize all or part of our net deferred tax asset in the future, an adjustment to the deferred tax asset would be charged to income in the period we make that determination.

As of September 30, 2015, we have U.S. federal net operating loss carryforwards (“NOLs”) of $894.5 million, with a federal tax benefit of $313.1 million and future tax benefits related to state NOLs of $68.7 million and capital loss carryforwards of $14.2 million with a federal and state tax benefit of $5.4 million.  Our total valuation allowance for the tax benefit of deferred tax assets that may not be realized is $305.4 million at September 30, 2015. Of this amount, $268.7 million relates to U.S. net deferred tax assets and $36.7 million relates to foreign net deferred tax assets. For the year ended September 30, 2015, we generated domestic pretax profits of $3.4 million. Should we continue to generate domestic pretax profits in subsequent periods, there is a reasonable possibility that some or most of the domestic valuation allowance of $268.7 million could be released at some future date, which could result in a material tax benefit. We estimate that $118.6 million of valuation allowance related to domestic deferred tax assets cannot be released regardless of the amount of domestic operating income generated due to prior period ownership changes that limit the amount of NOLs we can use and legal limitations on the use of capital losses.

As of September 30, 2015, we have provided no residual US taxes on earnings not yet taxed in the U.S. Due to the valuation allowance recorded against U.S. net deferred tax assets, including NOLs, we do not recognize any incremental U.S. tax expense on the expected future repatriation of foreign earnings. Should the U.S. valuation allowance be released at some future date, the U.S. tax on future foreign earnings not considered to be permanently reinvested might have a material effect on our effective tax rate. As of September 30, 2015, we project $2.4 million of additional tax expense from non-U.S. withholding and other taxes expected to be incurred on repatriation of foreign earnings.

See Note 13, “Income Taxes” of Notes to Consolidated Financial Statements elsewhere included in this Annual Report.

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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 only being for 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 August 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments.  The amendments require that an acquirer (i) recognize measurement period adjustments to estimated amounts in the reporting period in which the adjustment amounts are determined; (ii) record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date; and (iii) present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date.  The ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2017, with early adoption permitted.  The amendments are applied to adjustments to provision amounts that occur after the effective date and the impact of the adoption of this guidance on the Company’s consolidated financial statements will depend on the future business combination activity.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330)Simplifying the Measurement of Inventory, which changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value.  Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.  This ASU eliminates the guidance that entities consider replacement cost or net realizable value less an approximately normal profit margin in the subsequent measurement of inventory when cost is determined on a first-in, first-out or average cost basis.  The ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2018, with early adoption permitted.  We are currently assessing the impact this pronouncement will have on the consolidated financial statements of the Company.

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 the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts.  This ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2017, with early adoption permitted.  We are currently assessing the impact this pronouncement will have on the consolidated financial statements of the Company. 

In April 2015, the FASB issued ASU No. 2015-05, Intangibles - Goodwill and Other – Internal-Use Software (Subtopic 350-40) Customer’s Accounting for Fees Paid in Cloud Computing Arrangements, which provides for guidance on the accounting for fees paid in cloud computing arrangements.  The ASU provides guidance to customers about whether the cloud computing arrangement includes a software license, which could be accounted for as a separate element of the arrangement similar to the acquisition of other software licenses.  The absence of a software license would result in recognizing the arrangement as a service contract.  This ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2017, with early adoption permitted.  We are currently assessing the impact this pronouncement will have on the consolidated financial statements of the Company.

In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40) Disclosure of Uncertainties about the Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements.  The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern for a period of one year from the date of issuance of the entity’s financial statements. Further, an entity must provide certain disclosures if there is substantial doubt about the entity’s ability to continue as a going concern.  This ASU will become effective for us beginning in the first quarter of our fiscal year ending September 30, 2017.  The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

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In April, 2014, the FASB issued ASU No. 2014-08, Presentation of Financial Statements (Topic 2015) and Property, Plant and Equipment (Topic 360) Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.  This ASU changes the criteria for reporting discontinued operations where only disposals representing a  strategic shift in operations should be presented as discontinued operations.  Such strategic shifts should have a major effect on the organization’s operating and financial results.  This new guidance also expanded the disclosure requirements about discontinued operations.  This ASU will become effective for us during our fiscal year ending September 30, 2016.  The impact of the adoption of this guidance on the Company’s consolidated financial statements will depend on the Company’s future disposal activity.

ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market Risk Factors

We have market risk exposure from changes in interest rates, foreign currency exchange rates and commodity prices. We, when appropriate, use derivative financial instruments to mitigate the risk from such exposures.  A  discussion of our accounting policies for derivative financial instruments is included in Note 11, “Derivatives,” to our Consolidated Financial Statements included elsewhere in this Annual Report.

Interest Rate Risk

A substantial portion of our debt bears interest at variable rates. If market interest rates increase, the interest rate on our variable rate debt will increase and will create higher debt service requirements, which would adversely affect our cash flow and could adversely impact our results of operations. We also have bank lines of credit at variable interest rates. The general levels of U.S. Canadian and European Union interest rates, LIBOR, CDOR and Euro LIBOR affect interest expense. We periodically use interest rate swaps to manage such risk. The net amounts to be paid or received under interest rate swap agreements are accrued as interest rates change, and are recognized over the life of the swap agreements as an adjustment to interest expense from the underlying debt to which the swap is designated.  The related amounts payable to, or receivable from, the contract counterparties are included in accrued liabilities or accounts receivable.

At September 30, 2015 we had $1,549.0 million or 39% of our total debt subject to variable interest rates, the majority related to our term loan of $1,538.4 million subject 0.75% floor.  After inclusion of $300.0 million interest rate swaps fixing a portion of the variable rate debt, $1,249.0 million or 31 % of our debt is subject to variable rates.  Assuming an increase to market rates of 1% as of September 30, 2015, we would incur an increase to interest expense of $5.6 million.

At September 30, 2015, the potential change in fair value of our outstanding interest rate derivative instruments assuming a 1 percent decline in interest rates would be a loss of $0.6 million.  The net impact on reported earnings, after also including the effect of the change on one year’s underlying interest rate exposure on our variable rate Term Loan, would be a net loss of $0.6.million.

Foreign Exchange Risk

We are subject to risk from sales and loans to and from our subsidiaries as well as sales to, purchases from and bank lines of credit with third-party customers, suppliers and creditors denominated in foreign currencies. Foreign currency sales and purchases are made primarily in Euro, Pounds Sterling, Mexican Pesos, Canadian Dollars, Australian Dollars and Brazilian Reals. We manage our foreign exchange exposure from such sales, accounts receivable, intercompany loans, firm purchase commitments, accounts payable and credit obligations through the use of naturally occurring offsetting positions (borrowing in local currency), forward foreign exchange contracts, foreign exchange rate swaps and foreign exchange options. The related amounts payable to, or receivable from, the contract counter-parties are included in accounts payable or accounts receivable.

At September 30, 2015, we had $350.0 million equivalent of debt denominated in foreign currencies.  Other than our Euro-denominated term loan in the equivalent of $255.8 million recorded in a U.S. Dollar function entity, the remaining debt is recorded in countries with the same function currency as the debt.  The foreign currency exposure from the Euro-denominated term loan is substantially offset by a Euro-denominated intercompany loan receivable recorded in a U.S. Dollar-function entity.

At September 30, 2015, the potential change in fair value of outstanding foreign exchange derivative instruments, assuming a 10% unfavorable change in the underlying exchange rates, would be a loss of $34.2 million. The net impact on reported earnings, after also including the effect of the change in the underlying foreign currency-denominated exposures, would be a net gain of $17.2 million.

Commodity Price Risk

We are exposed to fluctuations in market prices for purchases of zinc and brass used in our manufacturing processes. We use commodity swaps and calls to manage such risk. The maturity of, and the quantities covered by, the contracts are closely correlated to our anticipated purchases of the commodity. The cost of calls is amortized over the life of the contracts and recorded in cost of goods

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sold, along with the effects of the swap and call contracts. The related amounts payable to, or receivable from, the counter-parties are included in accounts payable or accounts receivable.

At September 30, 2015, the potential change in fair value of outstanding commodity price derivative instruments, assuming a 10% decline in the underlying commodity prices, would be a loss of $2.5 million. The net impact on reported earnings, after also including the reduction in cost of one year’s purchases of the related commodities due to the same change in commodity prices, would be a gain of $0.6 million.

ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The information required for this Item is included in this Annual Report on Form 10-K within Item 15, Exhibits, Financial Statements and Schedules, inclusive and is incorporated herein by reference.  This report is a combined report of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC.  The notes to the consolidated financial statements include consolidated Spectrum Brands Holdings Inc. Notes and certain information related to SB/RH Holdings, LLC.

ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A.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 Annual Report on Form 10-K. Based on this evaluation, 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.

Management’s Annual Report on Internal Control over Financial Reporting. The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). The Company’s management assessed the effectiveness of its internal control over financial reporting as of September 30, 2015. In making this assessment, the Company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in the Internal Control- Integrated Framework (2013). The Company’s management has concluded that, as of September 30, 2015, its internal control over financial reporting is effective based on these criteria. Under guidelines established by the SEC, companies are allowed to exclude acquisitions from their first assessment of internal control over financial reporting following the date of the acquisition.  The Company’s management excluded the auto care business acquired in the acquisition of Armored AutoGroup Parent, Inc. (“AAG”), which was completed on May 21, 2015, from its assessment of the effectiveness of internal control over financial reporting.  The total assets of $1,543.1 million and the total net sales of $160.5 million associated with AAG are included in the consolidated financial statements of the Company as of and for the year ended September 30, 2015. 

The Company's independent registered public accounting firm, KPMG LLP, has issued an audit report on the Company's internal control over financial reporting, which is included herein.

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 our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

AAG Acquisition.  On May 21, 2015, we completed our acquisition of AAG.  As permitted by the guidelines established by the staff of the SEC for newly acquired businesses, management has excluded AAG and its subsidiaries from its assessment of the effectiveness of our internal control over financial reporting.  As previously reported, in connection with the preparation of the financial statements of Armored AutoGroup In. (“AAG Sub”), a subsidiary of AAG, for the year ended December 31, 2014, certain significant deficiencies in AAG Sub’s internal controls became evident to its management that, in the aggregate, represent a material weakness.  None of the deficiencies individually represented a material weakness, and all resulting adjustments, none of which were material, were reflected in AAG’s consolidated financial statements for the year ended December 31, 2014.  In connection with the AAG acquisition, we were aware of and reviewed these deficiencies as part of our due diligence process and determined that they were not material to us at the time.  We will continue to evaluate and monitor these deficiencies as we integrate AAG into our control environment following the acquisition and have taken steps to mitigate and address the deficiencies.

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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.

SB/RH Holdings, LLC

SB/RH Holdings’  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 Annual Report on Form 10-K. Based on this evaluation, 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 SB/RH Holdings’ management, including SB/RH Holdings’ Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Management’s Annual Report on Internal Control over Financial Reporting.SB/RH Holdings’ management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). SB/RH Holdings’ management assessed the effectiveness of its internal control over financial reporting as of September 30, 2015. In making this assessment, SB/RH Holdings’ management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in the Internal Control- Integrated Framework (2013). SB/RH Holdings’ management has concluded that, as of September 30, 2015, its internal control over financial reporting is effective based on these criteria. Under guidelines established by the SEC, companies are allowed to exclude acquisitions from their first assessment of internal control over financial reporting following the date of the acquisition.  The Company’s management excluded the auto care business acquired in the acquisition of Armored AutoGroup Parent, Inc. (“AAG”), which was completed on May 21, 2015, from its assessment of the effectiveness of internal control over financial reporting.  The total assets of $1,543.1 million and the total net sales of $160.5 million associated with AAG are included in the consolidated financial statements of the Company as of and for the year ended September 30, 2015. 

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 our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

AAG Acquisition.  On May 21, 2015, we completed our acquisition of AAG.  As permitted by the guidelines established by the staff of the SEC for newly acquired businesses, management has excluded AAG and its subsidiaries from its assessment of the effectiveness of our internal control over financial reporting.  As previously reported, in connection with the preparation of the financial statements of Armored AutoGroup In. (“AAG Sub”), a subsidiary of AAG, for the year ended December 31, 2014, certain significant deficiencies in AAG Sub’s internal controls became evident to its management that, in the aggregate, represent a material weakness.  None of the deficiencies individually represented a material weakness, and all resulting adjustments, none of which were material, were reflected in AAG’s consolidated financial statements for the year ended December 31, 2014.  In connection with the AAG acquisition, we were aware of and reviewed these deficiencies as part of our due diligence process and determined that they were not material to us at the time.  We will continue to evaluate and monitor these deficiencies as we integrate AAG into our control environment following the acquisition and have taken steps to mitigate and address the deficiencies.

Limitations on the Effectiveness of Controls. SB/RH Holdings’ management, including our Chief Executive Officer and Chief Financial Officer, does not expect that 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.

ITEM 9B.OTHER INFORMATION

None.

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PART III

ITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The information required by Item 401 of Regulation S-K concerning the directors of Spectrum Brands Holdings, Inc. and the nominees for re-election as directors of SBH at the Annual Meeting of Shareholders to be held on January 28, 2016(the “2016 Annual Meeting”) is incorporated herein by reference from the disclosures which will be included under the captions “BOARD OF DIRECTORS,” “PROPOSAL 1-ELECTION OF DIRECTORS,” and “EXECUTIVE OFFICERS WHO ARE NOT DIRECTORS” in the SBH’s definitive Proxy Statement relating to the 2016 Annual Meeting (the “Definitive Proxy Statement”), which will be filed not later than 120 days after the end of the SBH’s fiscal year ended September 30, 2015.

Audit Committee and Audit Committee Financial Expert

The information required by Items 407(d)(4) and 407(d)(5) of Regulation S-K is incorporated herein by reference from the disclosure which will be included under the caption “BOARD ACTIONS; BOARD MEMBER INDEPENDENCE; COMMITTEES OF THE BOARD OF DIRECTORS - Committees Established by Our Board of Directors - Audit Committee” in the Definitive Proxy Statement.

Section 16(a) Beneficial Ownership Reporting Compliance

The information required by Item 405 of Regulation S-K is incorporated herein by reference from the disclosure which will be included under the caption “SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE” in the Definitive Proxy Statement.

Code of Ethics

We have adopted the Code of Ethics for the Principal Executive Officer and Senior Financial Officers that applies to our Chief Executive Officer, Chief Financial Officer and other senior finance organization employees. The Code of Ethics for the Principal Executive Officer and Senior Financial Officers is publicly available on our website at www.spectrumbrands.com  under “Investor Relations—Corporate Governance.” We intend to disclose amendments to, and, if applicable, waivers of, this code of ethics on that section of our website.

We have also adopted the Spectrum Brands Code of Business Conduct and Ethics, a code of ethics that applies to all of our directors, officers and employees. The Spectrum Brands Code of Business Conduct and Ethics is publicly available on our website atwww.spectrumbrands.com  under “Investor Relations—Corporate Governance.” Any amendments to this code of ethics or any waiver of this code of ethics for executive officers or directors may be made only by our Board of Directors as a whole or our Audit Committee and will be promptly disclosed to our shareholders via that section of our website.

ITEM 11.EXECUTIVE COMPENSATION

Compensation Committee Interlocks and Insider Participation

The information required by Item 407(e)(4) of Regulation S-K is incorporated herein by reference from the disclosure which will be included in the Definitive Proxy Statement.

Report of the Compensation Committee of the Board of Directors

The information required by Item 407(e)(4) of Regulation S-K is incorporated herein by reference from the disclosure which will be included in the Definitive Proxy Statement.

Executive Compensation

The information required by Item 402 of Regulation S-K is incorporated herein by reference from the disclosures which will be included in the Definitive Proxy Statement.

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ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Ownership of Common Shares of Spectrum Brands Holdings, Inc.

The information required by Item 403 of Regulation S-K is incorporated herein by reference from the disclosure which will be included in the Definitive Proxy Statement.

Securities Authorized for Issuance under Equity Compensation Plans

The information required by Item 201(d) of Regulation S-K is incorporated herein by reference from the disclosure which will be included in the Definitive Proxy Statement.

ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Certain Relationships and Related Person Transactions

The information required by Item 404 of Regulation S-K is incorporated herein by reference from the disclosures which will be included in the Definitive Proxy Statement.

Director Independence

The information required by Item 407(a) of Regulation S-K is incorporated herein by reference from the disclosures which will be included in the Definitive Proxy Statement.

ITEM 14.PRINCIPAL ACCOUNTING FEES AND SERVICES

Spectrum Brands Holdings, Inc.

The information required by this Item 14 is incorporated herein by reference from the disclosures which will be included in the Definitive Proxy Statement.

SB/RH Holdings, LLC

The following table summarizes the fees KPMG LLP, our independent registered public accounting firm, billed to SB/RH Holding, LLC (“SB/RH”) for services to SB/RH and its consolidated subsidiaries, for each of the last two fiscal years:

(in millions)	2015		2014
Audit Fees	$	5.2	$	4.8
Audit-Related Fees		—		0.2
Tax Fees		0.6		0.6
All Other Fees		—		—
Total	$	5.8	$	5.6

In the above table, in accordance with the SEC’s definition and rules, “Audit Fees” are fees paid to KPMG LLP for professional services for the audit of SB/RH and our consolidated financial statements included in our Form 10-K and the review of our financial statements included in Form 10-Q, or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements, such as issuance of comfort letters and statutory audits required for certain of our foreign subsidiaries.  “Audit-Related Fees” are fees for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements, including the due diligence activities relating to mergers and acquisitions.  “Tax Fees” are fees for tax compliance, tax advice, and tax planning.  Such fees were attributable to services for tax-compliance assistance and tax advice.  “All Other Fees” are fees, if any, for any services not included in the first three categories.

64

Pre-Approval of Independent Auditors Services and Fees

The SB/RH Audit Committee pre-approved the audit services engagement performed by KPMG LLP for the year ended September 30, 2015.  In accordance with the Audit Committee’s Pre-Approval Policy, the Audit Committee has pre-approved other specified audit, non-audit, tax, and other services, provided that the fees incurred by KPMG LLP in connection with any individual non-due diligence engagement do not exceed $200,000 in any 12-month period.  The Audit Committee must approve on an engagement by engagement basis any individual non-due diligence engagement in excess of $200,000 in any 12-month period or any individual engagement to perform due diligence services pertaining to potential business acquisition/dispositions and other transactions and events in excess of $1,000,000 in any 12-month period.  The Audit Committee has delegated to its Chairman the authority to pre-approve any other specific audit or specific non-audit service which was not previously pre-approved by the Audit Committee, provided that any decision of the Chairman to pre-approve other audit or non-audit services shall be presented to the Audit Committee at its next scheduled meeting.

65

PART IV

ITEM 15.EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES

(a) The following documents are filed as part of or are included in this Annual Report on Form 10-K:

1. The financial statements of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC listed in the Index to Consolidated Financial Statements and Financial Statement Schedule, filed as part of this Annual Report on Form 10-K.

2. The financial statement schedule of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC listed in the Index to Consolidated Financial Statements and Financial Statement Schedule, filed as part of this Annual Report on Form 10-K.

3. The exhibits listed in the Exhibit Index filed as part of this Annual Report on Form 10-K.

66

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULE

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

	Page
Reports of Independent Registered Public Accounting Firm	69
Spectrum Brands Holdings, Inc. Consolidated Financial Statements
Consolidated Statements of Financial Position	72
Consolidated Statements of Operations	73
Consolidated Statements of Comprehensive Income (Loss)	73
Consolidated Statements of Shareholders’ Equity	74
Consolidated Statements of Cash Flows	75
SB/RH Holdings, LLC Consolidated Financial Statements
Consolidated Statements of Financial Position	76
Consolidated Statements of Operations	77
Consolidated Statements of Comprehensive Income (Loss)	77
Consolidated Statements of Shareholder’s Equity	78
Consolidated Statements of Cash Flows	79
Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC Combined
Combined Notes to Consolidated Financial Statements	80

67

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders

Spectrum Brands Holdings, Inc.:

We have audited the accompanying consolidated statements of financial position of Spectrum Brands Holdings, Inc. and subsidiaries (the Company) as of September 30, 2015 and 2014, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity, and cash flows for each of the years in the three-year period ended September 30, 2015. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Spectrum Brands Holdings, Inc. and subsidiaries as of September 30, 2015 and 2014, and the results of their operations and their cash flows for each of the years in the three-year period ended September 30, 2015, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company’s internal control over financial reporting as of September 30, 2015, based on criteria established in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated November 20, 2015 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.

/s/ KPMG LLP

Milwaukee, Wisconsin

November 20, 2015

68

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders

Spectrum Brands Holdings, Inc.:

We have audited Spectrum Brands Holdings, Inc. and subsidiaries (the Company) internal control over financial reporting as of September 30, 2015, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company’s internal control over financial reporting is a process designed 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. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, Spectrum Brands Holdings, Inc. and subsidiaries maintained, in all material respects, effective internal control over financial reporting as of September 30, 2015, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Spectrum Brands Holdings, Inc. and subsidiaries acquired Armored AutoGroup Parent, Inc. during 2015, and management excluded from its assessment of the effectiveness of Spectrum Brands Holdings, Inc.’s internal control over financial reporting as of September 30, 2015, Armored AutoGroup Parent Inc.’s internal control over financial reporting associated with total assets of $1,543.1 million and total net sales of $160.5 million included in the consolidated financial statements of Spectrum Brands Holdings, Inc. and subsidiaries as of and for the year ended September 30, 2015. Our audit of internal control over financial reporting of the Company also excluded an evaluation of the internal control over financial reporting of Armored AutoGroup Parent, Inc.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of Spectrum Brands Holdings, Inc. and subsidiaries as of September 30, 2015 and 2014, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity, and cash flows for each of the years in the three-year period ended September 30, 2015, and our report dated November 20, 2015 expressed an unqualified opinion on those consolidated financial statements.

/s/ KPMG LLP

Milwaukee, Wisconsin

November 20, 2015

69

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholder

SB/RH Holdings, LLC:

We have audited the accompanying consolidated statements of financial position of SB/RH Holdings, LLC and subsidiaries (the Company) as of September 30, 2015 and 2014, and the related consolidated statements of operations, comprehensive income (loss), shareholder’s equity, and cash flows for each of the years in the three-year period ended September 30, 2015.  These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of SB/RH Holdings, LLC and subsidiaries as of September 30, 2015 and 2014, and the results of their operations and their cash flows for each of the years in the three-year period ended September 30, 2015, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Milwaukee, Wisconsin

November 20, 2015

70

SPECTRUM BRANDS HOLDINGS, INC.

Consolidated Statements of Financial Position

September 30, 2015 and 2014

(in millions, except per share figures)

	2015		2014
Assets
Current assets:
Cash and cash equivalents	$	247.9	$	194.6
Trade receivables, net		498.8		439.0
Other receivables		87.9		76.3
Inventories		780.8		624.5
Prepaid expenses and other current assets		116.8		100.2
Total current assets		1,732.2		1,434.6
Property, plant and equipment, net		507.1		428.9
Deferred charges and other		101.7		88.4
Goodwill		2,476.7		1,469.6
Intangible assets, net		2,480.3		2,091.5
Total assets	$	7,298.0	$	5,513.0
Liabilities and Shareholders' Equity
Current liabilities:
Current portion of long-term debt	$	33.8	$	96.7
Accounts payable		620.6		519.7
Accrued wages and salaries		96.5		88.1
Accrued interest		63.3		35.4
Other current liabilities		217.3		175.8
Total current liabilities		1,031.5		915.7
Long-term debt, net of current portion		3,937.2		2,894.1
Deferred income taxes		607.0		513.2
Other long-term liabilities		115.5		103.2
Total liabilities		5,691.2		4,426.2
Commitments and contingencies (See Note 17)
Shareholders' equity:
Common stock, $0.01 par value:		0.6		0.5
Authorized - 200.0 shares
Issued - 61.1 and 54.2 shares, respectively
Outstanding - 59.4 and 52.7 shares, respectively
Additional paid-in capital		2,033.6		1,433.4
Accumulated deficit		(205.5)		(283.1)
Accumulated other comprehensive loss, net of tax		(200.1)		(63.1)
Treasury stock, at cost		(65.5)		(44.3)
Total shareholders' equity		1,563.1		1,043.4
Noncontrolling interest		43.7		43.4
Total equity		1,606.8		1,086.8
Total liabilities and equity	$	7,298.0	$	5,513.0

See accompanying notes to the consolidated financial statements.

71

SPECTRUM BRANDS HOLDINGS, INC.

Consolidated Statements of Operations

Years ended September 30, 2015, 2014 and 2013

(in millions, except per share figures)

	2015		2014		2013
Net sales	$	4,690.4	$	4,429.1	$	4,085.6
Cost of goods sold		3,018.0		2,856.5		2,685.3
Restructuring and related charges		2.1		3.7		10.0
Gross profit		1,670.3		1,568.9		1,390.3
Operating expenses:
Selling		720.7		678.2		637.0
General and administrative		338.8		321.6		286.4
Research and development		51.3		47.9		43.3
Acquisition and integration related charges		58.8		20.1		48.4
Restructuring and related charges		26.6		19.2		24.0
Total operating expenses		1,196.2		1,087.0		1,039.1
Operating income		474.1		481.9		351.2
Interest expense		271.9		202.1		375.6
Other non-operating expense, net		8.9		6.3		3.5
Income (loss) from operations before income taxes		193.3		273.5		(27.9)
Income tax expense		43.9		59.0		27.4
Net income (loss)		149.4		214.5		(55.3)
Net income (loss) attributable to non-controlling interest		0.5		0.4		(0.1)
Net income (loss) attributable to controlling interest	$	148.9	$	214.1	$	(55.2)
Earnings (Loss) Per Share
Basic earnings (loss) per share	$	2.68	$	4.07	$	(1.06)
Diluted earnings (loss) per share		2.66		4.02		(1.06)
Dividends per share		1.27		1.15		0.75
Weighted Average Shares Outstanding
Basic		55.6		52.6		52.0
Diluted		55.9		53.3		52.0

See accompanying notes to the consolidated financial statements.

SPECTRUM BRANDS HOLDINGS, INC.

Consolidated Statements of Comprehensive Income (Loss)

Years ended September 30, 2015, 2014 and 2013

(in millions)

	2015		2014		2013
Net income (loss)	$	149.4	$	214.5	$	(55.3)
Other comprehensive income (loss), net of tax:
Foreign currency translation loss		(113.0)		(32.6)		(6.6)
Unrealized (loss) gain on hedging derivatives, net tax of $3.0, $4.2 and $(0.4), respectively		(13.2)		11.5		(2.5)
Defined benefit pension (loss) gain, net tax of $0.5, $(1.6) and $5.2, respectively		(11.0)		(3.6)		4.2
Other comprehensive loss, net of tax		(137.2)		(24.7)		(4.9)
Comprehensive income (loss)		12.2		189.8		(60.2)
Comprehensive (loss) income attributable to non-controlling interest		(0.2)		0.4		0.1
Comprehensive income (loss) attributable to controlling interest	$	12.4	$	189.4	$	(60.3)

See accompanying notes to the consolidated financial statements.

72

SPECTRUM BRANDS HOLDINGS, INC.

Consolidated Statements of Shareholders’ Equity

Years ended September 30, 2015, 2014 and 2013

(in millions)

								Accumulated
				Additional				Other				Total		Non-
	Common Stock			Paid-in		Accumulated		Comprehensive		Treasury		Shareholders'		controlling		Total
	Shares	Amount		Capital		Deficit		Loss		Stock		Equity		Interest		Equity
Balances as of September 30, 2012	51.5	$	0.5	$	1,399.3	$	(340.7)	$	(33.4)	$	(36.6)	$	989.1	$	—	$	989.1
Net loss	—		—		—		(55.2)		—		—		(55.2)		(0.1)		(55.3)
Other comprehensive loss, net of tax	—		—		—		—		(5.1)		—		(5.1)		0.2		(4.9)
Restricted stock issued and related tax withholdings	0.8		—		(20.1)		—		—		—		(20.1)		—		(20.1)
Share based compensation	—		—		31.5		—		—		—		31.5		—		31.5
Treasury stock purchases	(0.1)		—		—		—		—		(3.2)		(3.2)		—		(3.2)
Dividend declared	—		—		—		(40.0)		—		—		(40.0)		—		(40.0)
Noncontrolling interest	—		—		—		—		—		—		—		43.0		43.0
Balances at September 30, 2013	52.2		0.5		1,410.7		(435.9)		(38.5)		(39.8)		897.0		43.1		940.1
Net income	—		—		—		214.1		—		—		214.1		0.4		214.5
Other comprehensive loss, net of tax	—		—		—		—		(24.6)		—		(24.6)		(0.1)		(24.7)
Restricted stock issued and related tax withholdings	0.6		—		(25.0)		—		—		—		(25.0)		—		(25.0)
Share based compensation	—		—		47.7		—		—		—		47.7		—		47.7
Treasury stock purchases	(0.1)		—		—		—		—		(4.5)		(4.5)		—		(4.5)
Dividend declared	—		—		—		(61.3)		—		—		(61.3)		—		(61.3)
Balances at September 30, 2014	52.7		0.5		1,433.4		(283.1)		(63.1)		(44.3)		1,043.4		43.4		1,086.8
Net income	—		—		—		148.9		—		—		148.9		0.5		149.4
Other comprehensive loss, net of tax	—		—		—		—		(137.0)		—		(137.0)		(0.2)		(137.2)
Common stock issuance	6.5		0.1		585.9		—		—		—		586.0		—		586.0
Restricted stock issued and related tax withholdings	0.4		—		(15.4)		—		—		—		(15.4)		—		(15.4)
Share based compensation	—		—		29.7		—		—		—		29.7		—		29.7
Treasury stock purchases	(0.2)		—		—		—		—		(21.2)		(21.2)		—		(21.2)
Dividend declared	—		—		—		(71.3)		—		—		(71.3)		—		(71.3)
Balances at September 30, 2015	59.4	$	0.6	$	2,033.6	$	(205.5)	$	(200.1)	$	(65.5)	$	1,563.1	$	43.7	$	1,606.8

See accompanying notes to the consolidated financial statements.

73

SPECTRUM BRANDS HOLDINGS, INC.

Consolidated Statements of Cash Flows

Years ended September 30, 2015, 2014 and 2013

(in millions)

	2015		2014		2013
Cash flows from operating activities
Net income (loss)	$	149.4	$	214.5	$	(55.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of intangible assets		87.8		81.7		77.8
Depreciation		82.2		75.9		62.1
Share based compensation		47.6		46.8		43.9
Non-cash inventory adjustment from acquisitions		21.7		—		31.0
Non-cash restructuring and related charges		19.1		9.2		23.2
Amortization of debt issuance costs		12.6		12.8		13.2
Write off of debt issuance costs on retired debt		11.2		6.4		21.6
Non-cash debt accretion		3.0		3.1		2.5
Write off unamortized discount (premium) on retired debt		1.7		2.8		(5.2)
Note retirement tender, call premium and related costs		—		—		111.3
Deferred tax expense (benefit)		(4.6)		1.9		(21.6)
Changes in operating assets and liabilities, net of effects of acquisitions:		.
Receivables		93.4		32.5		(62.3)
Inventories		(54.5)		10.6		(2.7)
Prepaid expenses and other current assets		(3.1)		(0.6)		(4.3)
Accounts payable and accrued liabilities		48.7		(36.5)		(0.8)
Other		(71.9)		(28.4)		22.1
Net cash provided by operating activities		444.3		432.7		256.5
Cash flows from investing activities
Purchases of property, plant and equipment		(89.1)		(73.3)		(82.0)
Business acquisitions, net of cash acquired		(1,191.1)		(27.6)		(1,399.8)
Proceeds from sales of property, plant and equipment		1.4		9.2		0.2
Other investing activities		(0.9)		(1.8)		(1.4)
Net cash used by investing activities		(1,279.7)		(93.5)		(1,483.0)
Cash flows from financing activities
Proceeds from issuance of debt		3,281.4		524.2		3,038.2
Payment of debt		(2,793.1)		(770.9)		(1,633.7)
Payment of debt issuance costs		(38.1)		(5.4)		(60.9)
Payment of cash dividends		(70.7)		(61.9)		(40.1)
Proceeds from issuance of common stock, net of issuance costs		562.7		—		—
Treasury stock purchases		(21.2)		(4.5)		(3.2)
Share based tax withholding payments, net of proceeds upon vesting		(2.6)		(25.0)		(20.1)
Net cash provided (used) by financing activities		918.4		(343.5)		1,280.2
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		(2.5)		—		(1.9)
Effect of exchange rate changes on cash and cash equivalents		(27.2)		(8.3)		(2.6)
Net increase (decrease) in cash and cash equivalents		53.3		(12.6)		49.2
Cash and cash equivalents, beginning of period		194.6		207.2		158.0
Cash and cash equivalents, end of period	$	247.9	$	194.6	$	207.2
Supplemental disclosure of cash flow information
Cash paid for interest	$	250.3	$	178.7	$	336.8
Cash paid for taxes	$	54.4	$	80.7	$	49.6
Non cash financing activity
Assumption of AAG debt	$	540.0	$	—	$	—

See accompany notes to the consolidated financial statements.

74

SB/RH Holdings, LLC

Consolidated Statements of Financial Position

September 30, 2015 and 2014

(in millions)

	2015		2014
Assets
Current assets:
Cash and cash equivalents	$	247.9	$	192.9
Trade receivables, net		498.8		439.0
Other receivables		87.9		76.3
Inventories		780.8		624.5
Prepaid expenses and other current assets		116.8		100.2
Total current assets		1,732.2		1,432.9
Property, plant and equipment, net		507.1		428.9
Deferred charges and other		101.6		88.4
Goodwill		2,476.7		1,469.6
Intangible assets, net		2,480.3		2,091.5
Total assets	$	7,297.9	$	5,511.3
Liabilities and Shareholder’s Equity
Current liabilities:
Current portion of long-term debt	$	68.5	$	112.6
Accounts payable		620.6		519.7
Accrued wages and salaries		96.5		88.1
Accrued interest		63.3		35.4
Other current liabilities		216.5		174.8
Total current liabilities		1,065.4		930.6
Long-term debt, net of current portion		3,937.2		2,894.1
Deferred income taxes		607.0		513.2
Other long-term liabilities		115.5		103.2
Total liabilities		5,725.1		4,441.1
Commitments and contingencies (See Note 17)
Shareholder's equity:
Other capital		1,969.9		1,413.8
Accumulated deficit		(246.7)		(330.0)
Accumulated other comprehensive loss, net of tax		(200.1)		(63.1)
Total shareholder's equity		1,523.1		1,020.7
Noncontrolling interest		49.7		49.5
Total equity		1,572.8		1,070.2
Total liabilities and equity	$	7,297.9	$	5,511.3

See accompanying notes to the consolidated financial statements

75

SB/RH Holdings, LLC

Consolidated Statements of Operations

Years ended September 30, 2015, 2014 and 2013

(in millions, except per share figures)

	2015		2014		2013
Net sales	$	4,690.4	$	4,429.1	$	$    4,085.6
Cost of goods sold		3,018.0		2,856.5		2,685.3
Restructuring and related charges		2.1		3.7		10.0
Gross profit		1,670.3		1,568.9		1,390.3
Operating expenses:
Selling		720.7		678.2		637.0
General and administrative		332.4		319.0		284.7
Research and development		51.3		47.9		43.3
Acquisition and integration related charges		58.8		20.1		48.4
Restructuring and related charges		26.6		19.2		24.0
Total operating expenses		1,189.8		1,084.4		1,037.4
Operating income		480.5		484.5		352.9
Interest expense		271.9		202.1		369.5
Other non-operating expense, net		8.9		6.3		3.5
Income (loss) from operations before income taxes		199.7		276.1		(20.1)
Income tax expense		43.9		59.0		27.4
Net income (loss)		155.8		217.1		(47.5)
Net income (loss) attributable to non-controlling interest		0.4		0.3		(0.1)
Net income (loss) attributable to controlling interest	$	155.4	$	216.8	$	(47.4)

See accompanying notes to the consolidated financial statements

SB/RH Holdings, LLC

Consolidated Statements of Comprehensive Income

Years ended September 30, 2015, 2014 and 2013

(in millions)

	2015		2014		2013
Net income (loss)	$	155.8	$	217.1	$	(47.5)
Other comprehensive income (loss), net of tax:
Foreign currency translation loss		(113.0)		(32.5)		(6.6)
Unrealized (loss) gain on hedging derivatives, net tax of $3.0, $4.2 and $(0.4), respectively		(13.2)		11.5		(2.5)
Defined benefit pension (loss) gain, net tax of $0.5, $(1.6) and $5.2, respectively		(11.0)		(3.6)		4.2
Other comprehensive loss, net of tax		(137.2)		(24.6)		(4.9)
Comprehensive income (loss)		18.6		192.5		(52.4)
Comprehensive (loss) income attributable to non-controlling interest		(0.2)		0.4		0.1
Comprehensive income (loss) attributable to controlling interest	$	18.8	$	192.1	$	(52.5)

See accompanying notes to the consolidated financial statements

76

SB/RH Holdings, LLC

Consolidated Statements of Shareholder’s Equity

Years ended September 30, 2015, 2014 and 2013

(in millions)

					Accumulated
					Other		Total		Non-
	Other		Accumulated		Comprehensive		Shareholder's		controlling
	Capital		Deficit		(Loss)		Equity		Interest		Total Equity
Balances at September 30, 2012	$	1,359.9	$	(333.8)	$	(33.4)	$	992.7	$	—	$	992.7
Net loss		—		(47.4)		—		(47.4)		(0.1)		(47.5)
Other comprehensive loss, net of tax		—		—		(5.1)		(5.1)		0.2		(4.9)
Contribution from parent		28.6		—		—		28.6		—		28.6
Restricted stock issued and related tax withholdings		(20.1)		—		—		(20.1)		—		(20.1)
Share based compensation		30.8		—		—		30.8		—		30.8
Dividends declared		—		(88.7)		—		(88.7)		—		(88.7)
Parent ownership interest - Shaser		(6.1)		—		—		(6.1)		—		(6.1)
Noncontrolling interest		—		—		—		—		49.1		49.1
Balances at September 30, 2013		1,393.1		(469.9)		(38.5)		884.7		49.2		933.9
Net income		—		216.8		—		216.8		0.3		217.1
Other comprehensive loss, net of tax		—		—		(24.6)		(24.6)		—		(24.6)
Restricted stock issued and related tax withholdings		(25.0)		—		—		(25.0)		—		(25.0)
Share based compensation		45.7		—		—		45.7		—		45.7
Dividends declared		—		(76.9)		—		(76.9)		—		(76.9)
Balances at September 30, 2014		1,413.8		(330.0)		(63.1)		1,020.7		49.5		1,070.2
Net income		—		155.4		—		155.4		0.4		155.8
Other comprehensive loss, net of tax		—		—		(137.0)		(137.0)		(0.2)		(137.2)
Contribution from parent		570.6		—		—		570.6		—		570.6
Restricted stock issued and related tax withholdings		(38.4)		—		—		(38.4)		—		(38.4)
Share based compensation		23.9		—		—		23.9		—		23.9
Dividends declared		—		(72.1)		—		(72.1)		—		(72.1)
Balances at September 30, 2015	$	1,969.9	$	(246.7)	$	(200.1)	$	1,523.1	$	49.7	$	1,572.8

See accompanying notes to the consolidated financial statements.

77

SB/RH Holdings, LLC

Consolidated Statements of Cash Flows

Years ended September 30, 2015, 2014 and 2013

(in millions)

	2015		2014		2013
Cash flows from operating activities:
Net income (loss)	$	155.8	$	217.1	$	(47.5)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of intangible assets		87.8		81.7		77.8
Depreciation		82.2		75.9		62.1
Share based compensation		41.8		44.9		43.1
Non-cash inventory adjustment from acquisitions		21.7		—		31.0
Non-cash restructuring and related charges		19.1		9.2		23.2
Amortization of debt issuance costs		12.6		12.8		13.2
Write off of debt issuance costs on retired debt		11.2		6.4		21.6
Non-cash debt accretion		3.0		3.1		2.5
Write off unamortized discount (premium) on retired debt		1.7		2.8		(5.2)
Note retirement tender, call premium and related costs		—		—		111.3
Deferred tax expense (benefit)		(4.6)		1.9		(21.6)
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables		93.4		32.5		(62.3)
Inventories		(54.5)		10.6		(2.7)
Prepaid expenses and other		(3.1)		0.7		(3.7)
Accounts payable and accrued liabilities		48.7		(35.9)		(0.6)
Other		(75.0)		(29.0)		16.0
Net cash provided by operating activities		441.8		434.7		258.2
Cash flows from investing activities
Purchases of property, plant and equipment		(89.1)		(73.3)		(82.0)
Business acquisitions, net of cash acquired		(1,191.1)		(27.6)		(1,393.6)
Proceeds from sales of property, plant and equipment		1.4		9.2		0.2
Other investing activities		(0.9)		(1.8)		(1.3)
Net cash used by investing activities		(1,279.7)		(93.5)		(1,476.7)
Cash flows from financing activities
Proceeds from issuance of debt		3,320.3		540.1		3,038.2
Payment of debt		(2,813.2)		(770.9)		(1,633.7)
Payment of debt issuance costs		(38.1)		(5.4)		(60.9)
Payment of cash dividends to parent		(72.1)		(77.0)		(88.7)
Capital contribution from parent		528.3		—		28.6
Share based tax withholding payments, net of proceeds upon vesting		(2.6)		(25.0)		(20.1)
Net cash provided (used) by financing activities		922.6		(338.2)		1,263.4
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		(2.5)		—		(1.9)
Effect of exchange rate changes on cash and cash equivalents		(27.2)		(8.3)		(2.6)
Net increase (decrease) in cash and cash equivalents		55.0		(5.3)		40.4
Cash and cash equivalents, beginning of period		192.9		198.2		157.8
Cash and cash equivalents, end of period	$	247.9	$	192.9	$	198.2
Supplemental disclosure of cash flow information
Cash paid for interest	$	250.3	$	178.7	$	336.8
Cash paid for taxes	$	54.4		80.7		49.6
Non cash financing activity
Assumption of AAG debt	$	540.0	$	—	$	—

See accompanying notes to the consolidated financialstatements.

78

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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 consolidated financial statements that follow include both consolidated SBH and SB/RH Notes, unless otherwise indicated below.

NOTE 1 - DESCRIPTION OF BUSINESS

Spectrum Brands Holdings, Inc., a Delaware corporation, is a diversified global branded consumer products company. SBH’s common stock trades on the New York Stock Exchange (the “NYSE”) under the symbol “SPB.”  SB/RH Holdings, LLC is a wholly-owned subsidiary of SBH.  SB/RH along with its wholly-owned subsidiary Spectrum Brands, Inc. (“SBI”) issued certain debt guaranteed by domestic subsidiaries of the Company.  See Note 9 “Debt” of Notes to the Consolidated Financial Statements for more information pertaining to debt. 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) Global Pet Supplies, (iii) Home and Garden, (iv) Hardware & Home Improvement 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 18, “Segment Information” of Notes to the Consolidated Financial Statements for more information pertaining to segments.  The following table summarizes the respective product types, brands, and regions for each of the reporting 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(1)	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

⁽¹⁾ On May 21, 2015, the Company acquired Armored AutoGroup Parent, Inc. (“AAG”).  For more information pertaining to the AAG acquisition, see Note 3, “Acquisitions.”

79

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - Significant Accounting Policies and Practices

Principles of Consolidation and Fiscal Year End

The consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries and have been prepared in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”). All intercompany transactions have been eliminated.

The Company’s fiscal year ends on September 30.  Throughout the year, the Company reports its results using fiscal quarters whereby each three month quarterly reporting period is approximately thirteen weeks in length and ends on a Sunday.  The exceptions are the first quarter, which begins on October 1, and the fourth quarter, which ends on September 30.  For the year ended September 30, 2015, the fiscal quarters were comprised of the three months ended December 28, 2014, and March 29, June 28 and September 30, 2015.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financialstatements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid temporary instruments purchased with original maturities of three months or less from date of purchase to be cash equivalents.

Receivables

Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, but generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and will make adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment or return for a given customer.  The allowance for uncollectible receivables as of September 30, 2015 and 2014 was $44.0 million and $48.6 million, respectively.  The following is a rollforward of the allowance for the years ended September 30, 2015, 2014 and 2013:

	Beginning		Charged to				Other		Ending
(in millions)	Balance		Profit & Loss		Deductions		Adjustments		Balance
September 30, 2015	$	48.6	$	6.0	$	(6.3)	$	(4.3)	$	44.0
September 30, 2014	$	37.4	$	7.4	$	(2.4)	$	6.2	$	48.6
September 30, 2013	$	21.9	$	15.5	$	-	$	-	$	37.4

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 major customer represented 15%,  16% and 18% of the Company’s Net Sales during years ended September 30, 2015, 2014 and 2013, respectively. This major customer also represented 16% and 14% of the Company’s Trade Receivables as of September 30, 2015 and 2014, respectively. 

Inventories

The Company’s inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (FIFO) method.  See Note 6, “Inventory” for further detail.

80

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Property, Plant and Equipment

Property, plant and equipment are recorded at cost.  Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Plant and equipment held under capital leases are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset; such amortization is included in depreciation expense.  The Company uses accelerated depreciation methods for income tax purposes.  Useful lives for property, plant and equipment are as follows:

Asset Type	Range
Buildings and improvements	20 - 40 years
Machinery and equipment	2 - 15 years

Expenditures which substantially increase value or extend useful lives are capitalized.  Expenditures for maintenance and repairs are charged to operations as incurred.  The Company records gains and losses on the disposition or retirement of property, plant and equipment based on the net book value and any proceeds received.

Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable.  Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review.  If such indicators are present, the Company performs undiscounted cash flow analyses to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the year that necessitated an impairment test over property, plant and equipment.  Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

See Note 7, “Property, plant and equipment” for further detail.

Goodwill

Goodwill reflects the excess of acquisition cost over the aggregate fair value assigned to identifiable net assets acquired.  Goodwill is not amortized, but instead is assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified. Goodwill has been assigned to reporting units for purposes of impairment testing based upon the relative fair value of the asset to each reporting unit; our reporting units are consistent with our segments (See Note 18, “Segment Information” for further discussion).  The Company performs its annual impairment test in the fourth quarter of its fiscal year. 

Impairment of goodwill is evaluated using a two-step approach.  In the first step, the fair value of each reporting unit is compared to its carrying value, including goodwill.  In estimating the fair value of our reporting units, we use a discounted cash flow methodology, which requires us to estimate future revenues,  expenses, and capital expenditures and make assumptions about our weighted average cost of capital and perpetuity growth rate, among other variables.  We test the aggregateestimated fair value of our reporting units by comparison to our total market capitalization, including both equity and debt capital. If the fair value of a reporting unit is less than its carrying value, step two is performed.  For step two, the implied fair value of goodwill is calculated by deducting the fair value of all tangible and intangible net assets, including unrecognized intangible assets, of the reporting unit from the fair value of the reporting unit.  If the implied fair value of goodwill is less than its carrying value, an impairment loss would be recognized equal to that excess.  The fair values of the Global Batteries & Appliances, Hardware and Home Improvement, Global Pet Supplies and Home & Garden reporting units exceeded their carrying values by 54%,  38%,  29% and 66%, respectively.  As a result, a step two analysis was not required and there were no reporting units that were deemed at risk of impairment.

As a result of the AAG acquisition in the third quarter of the year ended September 30, 2015, a new reporting unit and segment was established, Global Auto Care.  Due to the recent closing of the acquisition and the measurement of the net assets acquired at fair value in acquisition accounting, a qualitative assessment of the carrying value of goodwill was performed for this reporting unit.  This included evaluation of factors such as macroeconomic conditions, industry and market conditions, cost factors, overall financial performance and reporting unit factors, among others.  Based on its qualitative assessment, management concluded that it is not more likely than not that the fair value of this reporting unit is less than its carrying amount, and a  quantitative impairment test of the acquired goodwill for Global Auto Care was not deemed necessary.

See Note 8 “Goodwill and Intangible Assets” for further detail.

81

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Intangible Assets

Intangible assets are recorded at cost or at estimated fair value if acquired in a business combination. Customer lists, proprietary technology and certain trade name intangibles are amortized, using the straight-line method, over their estimated useful lives. The range and weighted average useful lives for definite-lived intangibles 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

Definite-lived intangible assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be recoverable.  If indicators of potential impairment are identified, the Company performs undiscounted cash flow analysis to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows expected to be generated by the asset did not exceed its carrying value.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the years ended September 30, 2015, 2014 and 2013 that necessitated an impairment test over definite-lived intangible assets. 

Certain trade name intangible assets have an indefinite life and are not amortized; but instead are assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified.  The Company performs its annual impairment test in the fourth quarter of its fiscal year.  Impairment of indefinite lived intangible assets is assessed by comparing the estimated fair value of the identified trade names to their carrying value to determine if potential impairment exists.  If the fair value is less than the carrying value, an impairment loss is recorded for the excess.  The fair value of indefinite-lived intangible assets is determined using an income approach, the relief from royalty methodology, which requires us to make estimates and assumptions about future revenues, royalty rates, and the discount rate, among others.  The fair value of our indefinite life tradenames exceeded their carrying values as of the date of our latest annual impairment testing and there wasno impairment of our indefinite lived intangible assets for the years ended September 30, 2015, 2014 and 2013. 

See Note 8 “Goodwill and Intangible Assets” for further detail.

Debt Issuance Costs

Debt issuance costs are capitalized and amortized to interest expense using the effective interest method over the lives of the related debt agreements.  Debt issuance costs were $65.1 million and $51.1 million as of September 30, 2015 and 2014, respectively, and are included in Deferred Charges and Other Assets in the Consolidated Statements of Financial Position.  Amortization of debt issuance costs is recognized as Interest Expense in the Consolidated Statements of Operations.

Financial Instruments

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Derivative assets and liabilities are reported at fair value in the Consolidated Statements of Financial Position.  When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge.  Depending on the nature of derivatives designated as hedging instruments, changes in fair value are either offset against the change in fair value of the hedged assets or liability through earnings or recognized in shareholders’ equity through other comprehensive income until the hedged item is recognized.   Any ineffective portion of a financial instrument’s change in fair value is recognized in earnings. For derivatives that do not qualify for hedge accounting treatment, the change in the fair value is recognized in earnings.  See Note 11, “Derivatives” for further detail.

Treasury Stock

Treasury stock purchases are stated at cost and presented as a separate reduction of shareholders’ equity.

82

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Revenue Recognition

The Company recognizes revenue from product sales generally upon delivery to the customer, or at the shipping point in situations where the customer picks up the product or where delivery terms so stipulate. This represents the point at which title and all risks and rewards of ownership of the product are passed, provided that: there are no uncertainties regarding customer acceptance, there is persuasive evidence that an arrangement exists, the price to the buyer is fixed or determinable and ability to collect is deemed reasonably assured. The provision for customer returns is based on historical sales and returns and other relevant information. The Company estimates and accrues the cost of returns, which are treated as a reduction of Net Sales. 

The Company enters into promotional arrangements, primarily with retail customers, that entitle such retailers to earn cash rebates from the Company.  These arrangements require the Company to estimate and accrue the costs of these programs, which are treated as a reduction of Net Sales.

The Company enters into promotional arrangements that target the ultimate consumer. The costs associated with such arrangements are treated as either a reduction in Net Sales or an increase in Cost of Goods Sold, based on the type of promotional program.  The Company monitors its commitments under all promotion arrangements and uses various measures, including past experience, to estimate the earned, but unpaid, promotional costs. The terms of the Company’s customer-related promotional arrangements and programs are tailored to each customer and documented through written contracts, correspondence or other communications with the individual customers.

The Company also enters into various arrangements, primarily with retail customers, which require the Company to make upfront cash, or “slotting” payments, in order to secure the right to distribute through such customers. The Company capitalizes slotting payments provided the payments are supported by a time or volume based arrangement with the retailer, and amortizes the associated payment over the appropriate time or volume-based term of the arrangement. Capitalized slotting payments are reported in the Consolidated Statements of Financial Position as Deferred Charges and Other Assets and related amortization is treated as a reduction in Net Sales.

Shipping and Handling Costs

Shipping and handling costs include costs incurred with third-party carriers to transport products to customers and salaries and overhead costs related to activities to prepare the Company’s products for shipment at the Company’s distribution facilities.  Shipping and handling costs was $272.9 million, $260.3 million and $246.1 million during the years ended September 30, 2015, 2014 and 2013, respectively.  Shipping and handling costs are included in Selling Expenses in the Consolidated Statements of Operations

Advertising Costs

Advertising costs include agency fees and other costs to create advertisements, as well as costs paid to third parties to print or broadcast the Company’s advertisements and are expensed as incurred.  The Company incurred advertising costs of $35.0 million, $21.4 million and $23.0 million during the years ended September 30, 2015, 2014 and 2013, respectively. Advertising costs are included in Selling Expenses in the Company’s Consolidated Statements of Operations.

Research and Development Costs

Research and development costs are charged to expense in the period they are incurred.

Environmental Expenditures

Environmental expenditures that relate to current ongoing operations or to conditions caused by past operations are expensed or capitalized as appropriate. The Company determines its liability for environmental matters on a site-by-site basis and records a liability at the time when it is probable that a liability has been incurred and such liability can be reasonably estimated. The estimated liability is not reduced for possible recoveries from insurance carriers. Estimated environmental remediation expenditures are included in the determination of the net realizable value recorded for assets held for sale.

83

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Restructuring and Related Charges

Restructuring charges include, but are not limited to, the costs of one-time termination benefits such as severance costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs. Related charges, as defined by the Company, include, but are not limited to, other costs directly associated with exit and relocation activities, including impairment of property and other assets, departmental costs of full-time incremental employees, and any other items related to the exit or relocation activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred.

Liabilities from restructuring and related charges are recorded for estimated costs of facility closures, significant organizational adjustments and measures undertaken by management to exit certain activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred. Such liabilities could include amounts for items such as severance costs and related benefits, impairment of property and equipment and other current or long term assets, lease termination payments and any other items directly related to the exit activities.

Restructuring and related charges associated with manufacturing and related initiatives are recorded in Cost of Goods Sold. Restructuring and related charges reflected in Cost of Goods Sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives and other costs directly related to the manufacturing component of the restructuring initiative.  Restructuring and related charges associated with administrative functions are recorded in operating expenses, such as initiatives impacting sales, marketing, distribution or other non-manufacturing related functions. Restructuring and related charges reflected in operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the administrative functions and other costs directly related to the administrative components of the restructuring initiatives implemented.  See Note 4, “Restructuring and Related Charges” for further detail.

Acquisition and Integration Related Charges

Acquisition and integration related charges include, but are not limited to, transaction costs such as banking, legal, accounting and other professional fees directly related to both consummated acquisitions and acquisition targets, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with integration activity.  See Note 3, “Acquisitions” for further detail.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income tax expense. 

See Note 13, “Income Taxes” for further detail.

Foreign Currency Translation

Local currencies are considered the functional currencies for most of the Company’s operations outside the United States. Assets and liabilities of the Company’s foreign subsidiaries are translated at the rate of exchange existing at year-end, with revenues, expenses and cash flows translated at the average of the monthly exchange rates. Adjustments resulting from translation of the financial statements are recorded as a component of Accumulated other comprehensive income (loss) (“AOCI”). Also included in AOCI are the effects of exchange rate changes on intercompany balances of a long-term investment nature.  See Note 16, “Accumulated Other Comprehensive Income” for further detail.

Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in Other Non-Operating Expense, Net in the Consolidated Statements of Operations in the period they occur. Exchange losses on foreign currency transactions were $9.6 million, $6.8 million, and $9.4 million for the years ended September 30, 2015, 2014 and 2013, respectively.

84

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3- ACQUISITIONS

The Company accounts for acquisitions by applying the acquisition method of accounting. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

Armored AutoGroup

On May 21, 2015, the Company completed the acquisition of 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 categorizes, respectively, and the A/C PRO brand of do-it-yourself automotive air conditioner recharge products.  The results of AAG’s operations since May 21, 2015 are included in the Company’s Consolidated Statements of Operations and reported as a separate segment under Global Auto Care for the year ended September 30, 2015.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the May 21, 2015 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce,  including an experienced research team.  The calculation of purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	929.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	30.9
Receivables		156.1
Inventories		84.2
Prepaid expenses and other current assets		8.2
Property, plant and equipment, net		38.3
Goodwill		972.1
Intangible assets		418.0
Deferred charges and other		16.5
Accounts payable and accrued liabilities		(116.1)
Long-term debt		(540.0)
Other long term liabilities		(138.9)
Net assets acquired	$	929.3

The purchase price allocation resulted in goodwill of $972.1 million of which $4.9 million is deductible for tax purposes.  Due to expected synergies in sales of legacy Spectrum branded products through new distribution channels, the Company has allocated $38.9 million of the acquired goodwill to its Global Batteries and Appliances segment.  The remaining $933.2 million of goodwill is allocated to the Global Auto Care segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	295.0	Indefinite
Technology		41.0	10
Licensing agreements		19.0	10
Customer relationships		63.0	15
Total intangibles acquired	$	418.0

85

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The fair values recorded were determined based upon a valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the May 21, 2015 acquisition date). The primary areas of acquisition accounting that are not yet finalized relate to amounts for intangible assets, residual goodwill and income taxes.  The following is a summary of significant inputs to the valuation:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials and unbranded finished goods inventory.  Branded finished goods were valued based on the comparative sales method, which estimates the expected sales price of the finished goods inventory, reduced for all costs expected to be incurred in its completion or disposition and a profit on those costs.

· Property, plant and equipment – The market approach was used to estimate the fair value of land.  The direct cost approach was used to estimate the fair value of property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade names were not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Technology – The Company valued technology using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related licensing agreements and the importance of the technology and profit levels, among other considerations.  The Company anticipates using these technologies through the legal life of the underlying patents; therefore, the expected useful life of these technologies is based on the remaining life of the underlying patents. 

· Licensing Agreements – The Company valued licensing agreements using the income approach.  Under this method, the asset value was determined by estimating the revenue stream over the implied life of the agreements.

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 2.0% to 12.1%.  The Company assumed a customer retention rate of approximately 95.0%, which is supported by historical retention rates.  Income taxes were estimated at 38% and amounts were discounted using a rate of 9.5%. 

The following unaudited pro forma combined financial information presents the Company’s pro forma results for the years ended September 30, 2015 and 2014 had the results of AAG been combined as of October 1, 2013: 

	2015		2014
(in millions)	(Unaudited)		(Unaudited)
Pro forma net sales	$	4,966.2	$	4,872.4
Pro forma net income	$	217.3	$	235.5

The 2015 unaudited pro forma combined financial results exclude (1) a non-recurring interest expense of $35.7 million related to the extinguishment of AAG debt recognized in connection with the acquisition, (2) $47.3 million of acquisition and integration related charges incurred as a result of the acquisition (3) $18.8 million of non-recurring expense related to the fair value adjustment to acquisition date inventory and (4) $10.4 million of accelerated share based compensation costs incurred as a result of the acquisition. 

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 since January 16, 2015 are included in the Company’s Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the year ended September 30, 2015.

86

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the January 16, 2015 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	146.8
Contingent consideration		1.5
Total purchase price	$	148.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	0.5
Receivables		10.7
Inventories		17.0
Prepaid expenses and other current assets		2.5
Property, plant and equipment, net		1.2
Goodwill		71.5
Intangible assets		55.5
Accounts payable and accrued liabilities		(8.5)
Other long term liabilities		(2.1)
Net assets acquired	$	148.3

The purchase price allocation resulted in goodwill of $71.5 million of which $24.7 million is deductible for tax purposes.  Goodwill was allocated to the Global Pet Supplies segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	17.0	Indefinite
Definite-lived tradenames		1.0	13
Technology		2.1	17
Customer relationships		35.4	13
Total intangibles acquired	$	55.5

The fair values were determined based upon a valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the January 16, 2015 acquisition date).  The Company performed a valuation of the acquired inventories, property, plant and equipment, tradenames, customer relationships and non-compete agreement.  A summary of the significant inputs to the valuation is as follows:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials and unbranded finished goods inventory.  Branded finished goods were valued based on the comparative sales method, which estimates the expected sales price of the finished goods inventory, reduced for all costs expected to be incurred in its completion or disposition and a profit on those costs.

· Property, plant and equipment – The cost approach was utilized to estimate the fair value of approximately 98% of the property, plant and equipment.  The sales comparison approach was used to estimate the fair value of the remaining 2% of the property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade names were not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

87

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

· Technology – The Company valued technology using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related licensing agreements and the importance of the technology and profit levels, among other considerations.  The Company anticipates using these technologies through the legal life of the underlying patents; therefore, the expected useful life of these technologies is based on the remaining life of the underlying patents. 

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 0% to 12.1%.  The Company assumed a customer retention rate of approximately 92.5%, which is supported by historical retention rates.  Income taxes were estimated at 38% and amounts were discounted using a rate of 12% to 13%. 

· Non-compete agreement – The Company valued the non-compete agreement using the income approach that compares the prospective cash flows with and without the non-compete agreement in place.  The value of the non-compete agreement is the difference between the discounted cash flows of the business under each of these two alternative scenarios, considering both tax expenditure and tax amortization benefits. 

The Salix acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

European IAMS and Eukanuba

On December 31, 2014, the Company completed the acquisition of European IAMS and Eukanuba, leading premium brands for dogs and cats.  The results of European IAMS and Eukanuba’s operations since December 31, 2014 are included in the Company’s Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the year ended September 30, 2015.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the December 31, 2014 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	115.7
(in millions)	Purchase Price Allocation
Inventories	$	16.3
Prepaid expenses and other current assets		2.9
Property, plant and equipment, net		58.3
Goodwill		4.0
Intangible assets		39.6
Accounts payable and accrued liabilities		(2.7)
Other long term liabilities		(2.7)
Net assets acquired	$	115.7

88

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The purchase price allocation resulted in goodwill of $4.0 million which is not deductible for tax purposes.  Goodwill was allocated to the Global Pet Supplies segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	25.5	Indefinite
Technology		3.6	8
Customer relationships		10.5	15
Total intangibles acquired	$	39.6

The fair values were determined based upon a valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the December 31, 2014 acquisition date).  The Company performed a valuation of the acquired inventories, property, plant and equipment, tradenames, technology and customer relationships.  The following is a summary of significant inputs to the valuation:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials inventory.  Work-in-process and finished goods inventory were valued at estimated selling price less the sum of costs of disposal and a reasonable profit on the value added in the completion and disposal effort.

· Property, plant and equipment – The market approach was used to estimate the fair value of land.  The direct cost approach was used to estimate the fair value of property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade names were not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Technology – The Company valued technology using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related licensing agreements and the importance of the technology and profit levels, among other considerations.  The Company anticipates using these technologies through the legal life of the underlying patents; therefore, the expected useful life of these technologies is based on the remaining life of the underlying patents. 

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 0% to 5.6%.  The Company assumed a customer retention rate of approximately 90% to 100%, which was supported by historical retention rates.  Income taxes were estimated at 25% and amounts were discounted using a rate of 12.5%. 

The European IAMS and Eukanuba acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

Tell Manufacturing

On October 1, 2014, the Company completed the acquisition of Tell, a leading manufacturer and distributor of commercial doors, locks, and hardware.  The results of Tell’s operations since October 1, 2014 are included in the Company’s Consolidated Statements of Operations and as part of the Hardware and Home Improvement segment for the year ended September 30, 2015.

89

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the October 1, 2014 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	30.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	1.1
Receivables		6.0
Inventories		7.2
Prepaid expenses and other current assets		0.6
Property, plant and equipment, net		1.5
Goodwill		7.1
Intangible assets		12.5
Accounts payable and accrued liabilities		(5.7)
Net assets acquired	$	30.3

The purchase price allocation resulted in goodwill of $7.1 million which is deductible for tax purposes.  Goodwill was allocated to the Hardware and Home Improvement segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	4.0	Indefinite
Customer relationships		8.5	13
Total intangibles acquired	$	12.5

The Company performed a valuation of the acquired inventories, property, plant and equipment, tradenames and customer relationships.  The following is a summary of significant inputs to the valuation:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials inventory.  Finished goods were valued at estimated selling price less the sum of costs of disposal and a reasonable profit on the value added in the completion and disposal effort.

· Property, plant and equipment – The cost approach was used to estimate the fair value of approximately 97% of the property, plant and equipment.  The sales comparison approach was utilized to estimate the fair value of the remaining 3% of the property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions of Tell, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 2.5% to 7.1%.  The Company assumed a customer retention rate of approximately 90%, which was supported by historical retention rates.  Income taxes were estimated at 38% and amounts were discounted using a rate of 20%. 

The Tell Manufacturing acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

90

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Liquid Fence

On January 2, 2014, the Company completed the acquisition of Liquid Fence, a producer of animal repellents. The results of Liquid Fence’s operations since January 2, 2014 are included in the Company’s Consolidated Statements of Operations and as part of the Home and Garden segment for the years ended September 30, 2015 and 2014.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the January 2, 2014 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	24.8
Promissory note		9.5
Contingent consideration		1.5
Total purchase price	$	35.8
(in millions)	Purchase Price Allocation
Cash	$	0.1
Accounts receivable		1.1
Inventories		2.1
Property, plant and equipment, net		0.1
Goodwill		7.1
Intangible assets		26.9
Accounts payable and accrued liabilities		(1.6)
Total assets acquired	$	35.8

The purchase price included a promissory note to sellers and contingent consideration related to additional payments that may be made to the selling company subsequent to the acquisition date.  The promissory note was due in four semi-annual installments over 24 months from the close of the transaction, and was paid in full during the year ended September 30, 2015.  The contingent consideration is calculated based upon the probability weighted present value of expected payments based upon the achievement of specific revenue milestones through both January 1, 2015 and January 1, 2016.  A contingent liability of $1.5 million was also recognized for the projected payments.  The purchase price allocation resulted in goodwill of $7.1 million which is deductible for tax purposes.  Goodwill was allocated to the Home & Garden segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	5.1	Indefinite
Technology		20.5	17
Customer relationships		1.3	15
Total intangibles acquired	$	26.9

The Company performed a valuation of the acquired tradenames, technology and customer relationships.  The following is a summary of significant inputs to the valuation:

· Tradenames – The Company valued the tradename using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and tradenames, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and tradenames.

91

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

· Technology – The Company valued the technology assets related to formulas and processes using an income approach, the excess earnings method.  Under this method, the asset value was determined by estimating the earnings attributable to the technology assets, adjusted for contributory asset charges.  In estimating the fair value of the technology, net sales and associated earnings were forecasted and adjusted for a technical obsolescence factor to isolate the forecasted sales and earnings attributable to the acquired technology assets.  The forecasted technology earnings were discounted to present value to arrive at the fair value.  The useful life was determined by assessing the time period in which substantially all of the discounted cash flows are expected to be generated.

· Customer relationships – The Company valued customer relationships using the distributor approach.  Under this method, the asset value was determined by estimating the hypothetical earnings before interest and taxes (“EBIT”) that a comparable distributor would earn, further adjusted for contributory asset charges.  In determining the fair value of the customer relationships, the distributor approach values the intangible asset at the present value of the incremental after-tax cash flows. 

The Liquid Fence acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

Acquisition and Integration Costs

The following table summarizes acquisition and integration related charges incurred by the Company during the years ended September 30, 2015, 2014 and 2013:

(in millions)	2015		2014		2013
Armored AutoGroup	$	21.8	$	—	$	—
Salix		10.7		—		—
HHI Business		12.0		11.0		36.9
European IAMS and Eukanuba		9.3		—		—
Tell		1.9		—		—
Liquid Fence		1.5		3.5		—
Other		1.6		5.6		11.5
Total acquisition and integration related charges	$	58.8	$	20.1	$	48.4

NOTE 4 - RESTRUCTURING AND RELATED CHARGES

The following table summarizes the restructuring and related charges for the years ended September 30, 2015, 2014, and 2013:

(in millions)	2015		2014		2013
HHI business rationalization initiatives	$	10.3	$	4.5	$	—
Global expense rationalization initiatives		17.1		13.4		11.3
Global cost reduction initiatives		1.2		1.3		16.4
Other restructuring activities		0.1		3.7		6.3
Total restructuring and related charges	$	28.7	$	22.9	$	34.0
Reported as:
Cost of goods sold	$	2.1	$	3.7	$	10.0
Operating expense		26.6		19.2		24.0

HHI Business Rationalization Initiatives

During the fourth quarter of the year 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, and are anticipated to be incurred through September 30, 2016.  The following is a summary of costs incurred for the years ended September 30, 2015 and 2014 by type and cumulative costs incurred through September 30, 2015.  All costs reflected are within the Hardware and Home Improvement segment. 

92

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	—	$	1.3	$	1.3
Operating Expenses:
For the year ended September 30, 2015		(1.5)		10.5		9.0
For the year ended September 30, 2014		4.5		—		4.5
Cumulative costs through September 30, 2015		3.0		11.8		14.8

The following is a rollforward of the restructuring accrual related to the HHI business rationalization initiative for 2015 and 2014.

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	—	$	—	$	—
Provisions		4.5		—		4.5
Cash expenditures		—		—		—
Accrual balance at September 30, 2014		4.5		—		4.5
Provisions (adjustments)		(0.9)		1.5		0.6
Cash expenditures		(1.5)		—		(1.5)
Non-cash items		(0.8)		—		(0.8)
Accrual balance at September 30, 2015	$	1.3	$	1.5	$	2.8

During the year ended September 30, 2015, the Company recognized $(0.6) million and $10.3 million of termination and other costs related to this initiative as paid. 

Global Expense Rationalization Initiatives

During the third quarter of the fiscal year ended September 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 the Global Pet Supplies segments, and within Corporate. Total costs associated with these initiatives are expected to be approximately $46 million, and are anticipated to be incurred through September 30, 2018.  The following summarizes costs incurred for the years ended September 30, 2015, 2014, and 2013 by type and cumulative costs incurred through September 30, 2015.  

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	0.4	$	—	$	0.4
For the year ended September 30, 2014		1.0		—		1.0
For the year ended September 30, 2013		—		—		—
Operating Expenses:
For the year ended September 30, 2015		8.0		8.7		16.7
For the year ended September 30, 2014		5.5		6.9		12.4
For the year ended September 30, 2013		10.2		1.1		11.3
Cumulative costs through September 30, 2015		25.1		16.7		41.8

The following summarizes the costs incurred for the years ended September 30, 2015, 2014 and 2013, the cumulative amount incurred to date and total future expected costs to be incurred related to this initiative by reporting segment.

	Global
	Batteries &		Global Pet
(in millions)	Appliances		Supplies		Corporate		Total
Restructuring and related charges:
For the year ended September 30, 2015	$	8.1	$	8.7	$	0.3	$	17.1
For the year ended September 30, 2014		11.1		1.8		0.5		13.4
For the year ended September 30, 2013		10.0		—		1.3		11.3
Cumulative costs through September 30, 2015		29.2		10.5		2.1		41.8
Future costs to be incurred		1.2		2.7		—		3.9

93

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following is a rollforward of the restructuring accrual related to the global expense rationalization initiative for 2015 and 2014.

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	7.3	$	-	$	7.3
Provisions		3.5		1.5		5.0
Cash expenditures		(7.0)		-		(7.0)
Non-cash items		0.3		(0.1)		0.2
Accrual balance at September 30, 2014		4.1		1.4		5.5
Provisions		5.9		2.4		8.3
Cash expenditures		(7.0)		(1.5)		(8.5)
Non-cash items		(0.2)		—		(0.2)
Accrual balance at September 30, 2015	$	2.8	$	2.3	$	5.1

During the year ended September 30, 2015, the Company recognized $2.5 million and $6.3 million of termination and other costs, respectively, as they were paid.  During the year ended September 30, 2014, the Company recognized $3.0 million and $5.4 million of termination benefits and other costs, respectively, as they were paid.

Global Cost Reduction Initiatives

During the year ended September 30, 2009, the Company implemented a series of initiatives within the Global Batteries & Appliances, Global Pet Supplies and Home and Garden segments to reduce operating costs, and to evaluate opportunities to improve the Company’s capital structure. These initiatives included headcount reductions and the exit of certain facilities within each of these segments as well as consultation, legal and accounting fees related to the evaluation of the Company’s capital structure all of which were completed during the year ended September 30, 2015.  The following summarizes costs incurred for the years ended September 30, 2015, 2014 and 2013 by type and cumulative costs incurred through September 30, 2015. 

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	—	$	0.4	$	0.4
For the year ended September 30, 2014		—		0.1		0.1
For the year ended September 30, 2013		0.2		3.3		3.5
Operating Expenses:
For the year ended September 30, 2015		0.1		0.7		0.8
For the year ended September 30, 2014		0.2		1.0		1.2
For the year ended September 30, 2013		6.4		6.5		12.9
Cumulative costs through September 30, 2015		38.4		63.4		101.8

The following summarizes the costs incurred for the years ended September 30, 2015, 2014 and 2013, and the cumulative amount incurred through September 30, 2015 by reporting segment.

	Global
	Batteries &		Global Pet		Home and
(in millions)	Appliances		Supplies		Garden		Corporate		Total
Restructuring and related charges:
For the year ended September 30, 2015	$	0.4		0.8	$	—	$	—	$	1.2
For the year ended September 30, 2014		0.1		1.2		—		—		1.3
For the year ended September 30, 2013		4.6		11.2		0.6		—		16.4
Cumulative costs as of September 30, 2015		25.8		50.2		18.2		7.6		101.8

94

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following provides a rollforward of the restructuring accrual related to the global cost reduction initiative for 2015 and 2014.

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	4.9	$	0.4	$	5.3
Provisions		0.2		-		0.2
Cash expenditures		(3.5)		(0.7)		(4.2)
Non-cash items		(0.3)		0.5		0.2
Accrual balance at September 30, 2014		1.3		0.2		1.5
Provisions		0.1		—		0.1
Cash expenditures		(1.0)		(0.2)		(1.2)
Non-cash items		(0.2)		0.1		(0.1)
Accrual balance at September 30, 2015	$	0.2	$	0.1	$	0.3

During the year ended September 30, 2015, the Company recognized $1.1 million of other costs related to this initiative as they were paid.  During the year ended September 30, 2014, the Company recognized $1.1 million of other costs related to this initiative as they were paid.

NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair values of the Company’s financial assets and liabilities are defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Fair value measurements are classified using a fair value hierarchy that is based upon the observability of inputs used in measuring fair value.  Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed assumptions about hypothetical transactions in the absent of market data.  Fair value measurements are classified under the following hierarchy:

· Level 1 - Unadjusted quoted prices for identical instruments in active markets.

· Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

· Level 3 - Significant inputs to the valuation model are unobservable.

The Company utilizes valuation techniques that attempt to maximize the use of observable inputs and minimize the use of unobservable inputs.  The Company’s derivatives are valued on a recurring basis using internal models, which are based on market observable inputs including interest rate curves and both forward and spot prices for currencies and commodities, which are generally based on quoted or observed market prices (Level 2).  The fair value of certain derivative financial instruments is estimated using pricing models based on contracts with similar terms and risks. Modeling techniques assume market correlation and volatility, such as using prices of one delivery point to calculate the price of the contract’s different delivery point. The nominal value of interest rate transactions is discounted using applicable forward interest rate curves. In addition, by applying a credit reserve which is calculated based on credit default swaps or published default probabilities for the actual and potential asset value, the fair value of the Company’s derivative financial instrument assets reflects the risk that the counterparties to these contracts may default on the obligations. Likewise, by assessing the requirements of a reserve for non-performance which is calculated based on the probability of default by the Company, the Company adjusts its derivative contract liabilities to reflect the price at which a potential market participant would be willing to assume the Company’s liabilities. The Company has not changed the valuation techniques used in measuring the fair value of any financial assets and liabilities during the year.  The fair values of derivative instruments as of September 30, 2015 and 2014 are as follows (See Note 11, “Derivatives” for additional detail):

	2015				2014
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Derivative Assets	$	6.0	$	6.0	$	14.7	$	14.7
Derivative Liabilities	$	9.8	$	9.8	$	2.1	$	2.1

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 carrying values of goodwill, intangible assets and other long-lived assets are tested annually or more frequently if an event occurs that indicates an impairment loss may have been incurred, using fair value measurements with unobservable inputs (Level 3).

95

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The carrying values and estimated fair values for debt as of September 30, 2015 and 2014 are as follows:

	2015				2014
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Total debt - Spectrum Brands Holdings, Inc.	$	3,971.0	$	4,085.8	$	2,990.8	$	3,061.5
Total debt - SB/RH Holdings, LLC	$	4,005.7	$	4,120.5	$	3,006.7	$	3,077.4

The fair value measurements of the Company’s debt represent non-active market exchange-traded securities which are valued at quoted input prices that are directly observable or indirectly observable through corroboration with observable market data (Level 2).

NOTE 6 - INVENTORY

Inventories as of September 30, 2015 and 2014 consist of the following:

(in millions)	2015		2014
Raw materials	$	132.4	$	104.1
Work-in-process		37.9		35.3
Finished goods		610.5		485.1
	$	780.8	$	624.5

NOTE 7 - Property, Plant and Equipment

Property, plant and equipment as of September 30, 2015 and 2014 consist of the following:

(in millions)	2015		2014
Land, buildings and improvements	$	190.9	$	159.8
Machinery, equipment and other		491.9		402.9
Capitalized leases		97.3		98.5
Construction in progress		51.8		32.2
Property, plant and equipment	$	831.9	$	693.4
Accumulated depreciation		(324.8)		(264.5)
Property, plant and equipment, net	$	507.1	$	428.9

NOTE 8 - GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill by reporting segment was as follows:

	Global		Hardware &
	Batteries &		Home		Global Pet		Home and		Global
(in millions)	Appliances		Improvement		Supplies		Garden		Auto Care		Total
Balance, as of September 30, 2013	$	333.5	$	714.7	$	239.1	$	189.4	$	—	$	1,476.7
Liquid Fence acquisition		—		—		—		7.1		—		7.1
Adjustments		—		3.5		—		—		—		3.5
Foreign currency impact		(6.1)		(8.4)		(3.2)		—		—		(17.7)
Balance, as of September 30, 2014		327.4		709.8		235.9		196.5		—		1,469.6
AAG acquisition		38.9		—		—		—		933.2		972.1
European IAMS and Eukanuba acquisition		—		—		4.0		—		—		4.0
Salix acquisition		—		—		71.5		—		—		71.5
Tell Manufacturing acquisition		—		7.1		—		—		—		7.1
Foreign currency impact		(17.8)		(17.4)		(11.8)		—		(0.6)		(47.6)
Balance, as of September 30, 2015	$	348.5	$	699.5	$	299.6	$	196.5	$	932.6	$	2,476.7

96

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Definite-lived intangible assets as of September 30, 2015 and 2014 consist of the following:

	2015						2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	985.2	$	(247.4)	$	737.8	$	877.2	$	(204.6)	$	672.6
Technology assets		238.6		(78.1)		160.5		192.2		(57.6)		134.6
Tradenames		165.4		(73.7)		91.7		171.0		(61.0)		110.0
Total	$	1,389.2	$	(399.2)	$	990.0	$	1,240.4	$	(323.2)	$	917.2

Certain trade names intangible assets have an indefinite life and are not amortized.  The balance of trade names not subject to amortization was $1,490.3 million and $1,174.3 million as of September 30, 2015 and 2014.  There was no impairment loss on indefinite-lived trade names for the years ended September 30, 2015, 2014 or 2013.

Amortization expense from intangible assets for the years ended September 30, 2015, 2014 and 2013 was $87.8 million, $81.7 million and $77.8 million, respectively.  Excluding the impact of any future acquisitions or changes in foreign currency, the Company anticipates the annual amortization for each of the next five years to be the following:

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

NOTE 9 - DEBT

Debt as of September 30, 2015 and 2014 consists of the following:

	Spectrum Brands Holdings, Inc.								SB/RH Holdings, LLC
	2015				2014				2015				2014
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Term loan, variable rate, due June 23, 2022	$	1,226.9	3.9	%	$	—	—	%	$	1,226.9	3.9	%	$	—	—	%
Term loan, variable rate, due September 4, 2017 (Tranche A)		—	—	%		648.4	3.0	%		—	—	%		648.4	3.0	%
Term loan, variable rate, due September 4, 2019 (Tranche C)		—	—	%		509.9	3.6	%		—	—	%		509.9	3.6	%
CAD Term Loan, variable rate, due June 23, 2022		55.7	4.4	%		—	—	%		55.7	4.4	%		—	—	%
CAD Term Loan, variable rate, due December 17, 2019		—	—	%		34.2	5.1	%		—	—	%		34.2	5.1	%
Euro Term Loan, variable rate, due June 23, 2022		255.8	3.5	%		—	—	%		255.8	3.5	%		—	—	%
Euro Term Loan, variable rate, due September 4, 2019		—	—	%		283.3	3.8	%		—	—	%		283.3	3.8	%
5.75% Notes, due July 15, 2025		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	%		—	—	%
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	%
6.75% Notes, due March 15, 2020		—	—	%		300.0	6.8	%		—	—	%		300.0	6.8	%
Revolver Facility, variable rate, expiring June 23, 2020		—	—	%		—	—	%		—	—	%		—	—	%
Other notes and obligations		11.2	10.2	%		36.6	8.8	%		45.9	4.9	%		52.4	6.7	%
Obligations under capital leases		88.2	5.7	%		94.7	6.1	%		88.2	5.7	%		94.7	6.1	%
Total debt		3,977.8				2,997.1				4,012.5				3,012.9
Unamortized discount on debt		(6.8)				(6.3)				(6.8)				(6.2)
Less current portion		(33.8)				(96.7)				(68.5)				(112.6)
Long-term debt, net of current portion	$	3,937.2			$	2,894.1			$	3,937.2			$	2,894.1

Debt held by SB/RH also includes a loan with SBH of $34.7 million and $15.8 million as of September 30, 2015 and 2014, respectively.

97

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The Company’s aggregate scheduled maturities of debt and capital lease obligations are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	Capital Lease Obligations		Debt		Total		Capital Lease Obligations		Debt		Total
2016	$	7.2	$	26.6	$	33.8	$	7.3	$	61.4	$	68.7
2017		7.1		15.4		22.5		7.0		15.4		22.4
2018		6.3		15.4		21.7		6.3		15.4		21.7
2019		5.6		15.4		21.0		5.6		15.4		21.0
2020		5.5		15.4		20.9		5.5		15.4		20.9
Thereafter		56.5		3,801.4		3,857.9		56.5		3,801.3		3,857.8
Long-term debt	$	88.2	$	3,889.6	$	3,977.8	$	88.2	$	3,924.3	$	4,012.5

Term Loans and Revolver Facility

On June 23, 2015, SBI 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 “Revolver”).  The proceeds from the Term Loans and draws on the Revolver were used to repay SBI’s then-existing senior term credit facility, repay SBI’s outstanding 6.75% senior unsecured notes due 2020, repay and replace SBI’s then-existing asset based revolving loan facility, and to pay fees and expenses in connection with the refinancing and for general corporate purposes.

The Term Loans and Revolver 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 3.0% per annum, or base rate plus 2.0% 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 is subject to either adjusted LIBOR plus 3.0% per annum, or base rate plus 2.0% per annum.

Subject to certain mandatory prepayment events, the Term Loans are subject to repayment according to scheduled amortizations, with the final payments of all amounts outstanding, plus accrued and unpaid interest, due at maturity.  The Senior Credit Agreement contains customary affirmative and negative covenants, including, but not limited to, restrictions on SBI and its restricted subsidiaries’ ability to incur indebtedness, create liens, make investments, pay dividends or make certain other distributions, and merge or consolidate or sell assets, in each case subject to certain exceptions set forth in the Senior Credit Agreement.  Additionally, the Senior Credit Agreement, solely with respect to the Revolver Facility, contains a financial covenant on the maximum net total leverage ratio that is tested on the last day of each fiscal quarter commencing with the fiscal quarter ended September 30, 2015.  The Company was in compliance with all covenants as of September 30, 2015. 

Pursuant to a guarantee agreement, SB/RH and the material wholly-owned domestic subsidiaries of SBI have guaranteed SBI’s obligations under the Senior Credit Agreement and related loan documents.  Pursuant to a security agreement, SBI and such subsidiary guarantors have pledged substantially all of their respective assets to secure such obligations and, in addition, SB/RH has pledged the capital stock of SBI to secure such obligations.  The Senior Credit Agreement also provides for customary events of default including payment defaults and cross-defaults to other material indebtedness. 

The Term Loans were issued net of a $5.1 million discount, which is amortized with a corresponding charge to interest expense over the remaining life of the loans.  The Company incurred $18.5 million of debt issuance costs of which $8.1 million was capitalized as debt issuance costs and the remainder of $10.4 million was recognized as interest expense during the year ended September 30, 2015.  The Company recognized accelerated amortization of portions of the unamortized discount and unamortized debt issuance costs related to the then-existing Term Loans of $7.7 million.

In connection with the new Revolver Facility, the Company incurred $5.7 million of fees that were capitalized as debt issuance costs and are being amortized over the remaining life of the Revolver Facility.  The Company recorded accelerated amortization of portions of the unamortized debt issuance costs related to the refinancing of the previous revolver facility totaling $1.1 million as an increase to interest expense during the year ended September 30, 2015.  As of September 30, 2015, the Company had aggregate borrowing availability of $467.3 million, net of outstanding letters of credit of $32.7 million.

98

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

5.75% Notes

On May 20, 2015, in connection with the acquisition of the AAG Business, SBI issued $1,000 million aggregate principal amount of 5.75% Notes at par value, due July 15, 2025 (the “5.75% Notes”).  The 5.75% Notes are guaranteed by SB/RH as well as by SBI’s existing and future domestic subsidiaries.

SBI may redeem all or a part of the 5.75% Notes, at any time on or after July 15, 2020, at specified redemption prices.  In addition, prior to July 15, 2020, SBI may redeem the notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium.  SBI is also entitled to redeem up to 35% of the aggregate principal amount of the notes before July 15, 2018 with an amount of cash equal to the net proceeds that SBI raises in equity offerings at specified redemption prices. Further, the indenture governing the 5.75% Notes (the “2025 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2025 Indenture.

The 2025 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2025 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.  Events of default under the 2025 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 5.75% Notes.  If any other event of default under the 2025 Indenture occurs and is continuing, the trustee for the 2025 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 5.75% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $19.7 million of fees in connection with the offering of the 5.75% Notes during the year ended September 30, 2015, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 5.75% Notes.

6.125% Notes

On December 4, 2014, SBI issued $250 million aggregate principal amount of 6.125% Notes at par value, due December 15, 2024 (the”6.125% Notes”).  The 6.125% Notes are guaranteed SB/RH, as well as by SBI’s existing and future domestic subsidiaries.

SBI may redeem all or a part of the 6.125% Notes, at any time on or after December 15, 2019, at specified redemption prices.  Prior to December 15, 2019, SBI may redeem the notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium.  SBI is also entitled to redeem up to 35% of the aggregate principal amount of the notes before December 15, 2017 with an amount of cash equal to the net proceeds that SBI raises in equity offerings at specified redemption prices.  Further, the indenture governing the 6.125% Notes (the “2024 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2024 Indenture.

The 2024 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates. 

In addition, the 2024 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.  Events of default under the 2024 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.125% Notes.  If any other event of default under the 2024 Indenture occurs and is continuing, the trustee for the 2024 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.125% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $4.6 million of fees in connection with the offering of the 6.125% Notes during the year ended September 30, 2015, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 6.125% Notes.

99

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

6.375% Notes and 6.625% Notes

On December 17, 2012, in connection with the acquisition of HHI Business, the Company assumed $520 million aggregate principal amount of 6.375% Notes at par value, due November 15, 2020 (the “6.375% Notes”), and $570 million aggregate principal amount of 6.625% Notes at par value, due November 15, 2022 (the “6.625% Notes”).  The 6.375% Notes and 6.625% Notes are unsecured and guaranteed by SB/RH, as well as by existing and future domestic restricted subsidiaries.

The Company may redeem all or a part of the 6.375% Notes and the 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices.  Further, the indenture governing the 6.375% Notes and the 6.625% Notes (the “2020/22 Indenture”)  requires the Company to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of the Company, as defined in such indenture.

The 2020/22 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2020/22 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.  Events of default under the 2020/22 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.375% Notes and the 6.625% Notes.  If any other event of default under the 2020/22 Indenture occurs and is continuing, the trustee for the 2020/22 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.375% Notes, or the 6.625% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $12.9 million and $14.1 million of fees in connection with the offering of the 6.375% Notes and the 6.625% Notes, respectively during the year ended September 30, 2013 which were capitalized as debt issuance costs and amortized over the remaining lives of the 6.375% Notes and 6.625% Notes, respectively.

6.75% Notes

On June 23, 2015, SBI called the 6.75% Notes.  In connection with the call, SBI paid the trustee principal, interest and a call premium sufficient to redeem the $300 million of 6.75% Notes outstanding.  The trustee under the indenture governing the 6.75% Notes accepted those funds in trust for the benefit of the holders and has acknowledged the satisfaction and discharge of the 6.75% Notes and the indenture governing the 6.75% Notes.  On July 23, 2015, the Trustee redeemed the 6.75% Notes.  In connection with the redemption, the Company recognized $16.9 million of fees and expenses as interest expense and wrote off $4.1 million of debt issuance costs as a non-cash charge to interest expense for the year ended September 30, 2015.

NOTE 10 - LEASES

The Company has leases primarily pertaining to land, buildings and equipment that expire at various times through July 2024.  The Company’s minimum rent payments under operating leases are recognized on a straight-line basis over the term of the leases. Future minimum rental commitments under non-cancelable operating leases are as follows:

(in millions)	Amount
2016	$	39.7
2017		34.8
2018		25.2
2019		19.2
2020		12.0
Thereafter		20.6
Total minimum lease payments	$	151.5

Rent expense was $36.3 million, $40.8 million and $41.8 million for the years ended September 30, 2015, 2014 and 2013, respectively.

100

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 11 - DERIVATIVES

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading purposes. For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the effective portion of the derivative is reported as a component of Accumulated Other Comprehensive Income (“AOCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings.

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 AOCI and as a derivative 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 counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to Interest expense from the underlying debt to which the swap is designated. As of September 30, 2015 and 2014, the Company had a series of U.S. dollar denominated interest rate swaps outstanding which effectively fix the interest on variable rate debt, exclusive of lender spreads, at 1.36% for a notional principal amount of $300.0 million through April 2017. 

The Company’s interest rate swap derivative financial instruments at September 30, 2015 and 2014 are as follows:

	2015				2014
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		1.5	$	300.0		2.5

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.  The Company had the following outstanding commodity swap contracts outstanding as of September 30, 2015 and 2014.

	2015				2014
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Zinc swap contracts		10.8 Tons	$	22.2		8.0 Tons	$	17.4
Brass swap contracts		1.8 Ton	$	8.5		0.6 Ton	$	2.8

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 rates 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 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 Cost of Goods Sold, respectively. At September 30, 2015 and 2014, the Company had foreign exchange derivative contracts designated as cash flow hedges with a notional value of $300.6 million and $226.7 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 economic hedges of a related liability or asset recorded in the accompanying 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 September 30, 2015 and 2014, the Company had $126.8 million and $108.9 million, respectively, of notional value for 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 fair value of the hedge contracts are adjusted through earnings when the realized gains or losses

101

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

affect earnings upon settlement of the hedges. The swaps effectively fix the floating price on a specified quantity of silver through a specified date. The Company had the following outstanding commodity swap contracts outstanding as of September 30, 2015 and 2014.

	2015				2014
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Silver		25.0 troy oz.	$	0.4		25.0 troy oz.	$	0.4

Fair Value of Derivative Instruments

The fair value of the Company’s outstanding derivative instruments in the Consolidated Statements of Financial Position are as follows:

(in millions)	Line Item	2015		2014
Derivative Assets
Interest rate swaps - designated as hedge	Deferred charges and other	$	—	$	0.6
Commodity swaps - designated as hedge	Receivables—Other		—		1.3
Foreign exchange contracts - designated as hedge	Receivables—Other		5.2		12.0
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.4		0.3
Foreign exchange contracts - not designated as hedge	Receivables—Other		0.4		0.5
Total Derivative Assets		$	6.0	$	14.7
Derivative Liabilities
Interest rate swaps - designated as hedge	Other current liabilities	$	1.4	$	1.3
Interest rate swaps - designated as hedge	Accrued interest		0.4		0.4
Interest rate swaps - designated as hedge	Other long-term  liabilities		0.8		—
Commodity swaps - designated as hedge	Accounts payable		4.7		0.2
Commodity swaps - designated as hedge	Other long-term  liabilities		0.8		—
Commodity swaps - not designated as hedge	Accounts payable		0.1		0.1
Foreign exchange contracts - designated as hedge	Accounts payable		1.5		—
Foreign exchange contracts - not designated as hedge	Accounts payable		0.1		0.1
Total Derivative Liabilities		$	9.8	$	2.1

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 for the years ended September 30, 2015 and 2014.

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 and 2014, there was $3.5 million and less than $0.1 million, respectively, of posted cash collateral related to such liability positions.  In addition, as of September 30, 2015 and 2014, the Company had no posted standby letters of credit related to such liability positions. The cash collateral is included in Other Receivables within the Consolidated Statements of Financial Position.

102

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following table summarizes the impact of the effective and ineffective portions of cash flow hedges and the gain (loss) recognized in the Consolidated Statement of Operations for the years ended September 30, 2015, 2014 and 2013:

	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(3.4)	Interest expense	$	(1.9)	Interest expense	$	—
Commodity swaps		(7.2)	Cost of goods sold		(0.7)	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		0.1	Net sales		—
Foreign exchange contracts		21.8	Cost of goods sold		30.0	Cost of goods sold		—
Total	$	11.3		$	27.5		$	—
	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2014 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(1.6)	Interest expense	$	(0.9)	Interest expense	$	—
Commodity swaps		1.9	Cost of goods sold		0.8	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		0.2	Net sales		—
Foreign exchange contracts		12.7	Cost of goods sold		(2.6)	Cost of goods sold		—
Total	$	13.1		$	(2.5)		$	—
	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2013 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Commodity swaps	$	(2.6)	Cost of goods sold	$	(0.6)	Cost of goods sold	$	—
Foreign exchange contracts		0.9	Net sales		0.9	Net sales		—
Foreign exchange contracts		(0.3)	Cost of goods sold		0.6	Cost of goods sold		—
Total	$	(2.0)		$	0.9		$	—

The unrealized loss on derivative contracts in Accumulated Other Comprehensive Loss expected to be recognized during the year ended September 30, 2016 is $2.8 million.

The following table summarizes the gain (loss) associated with derivative contracts not designated at hedges in the Consolidated Statements of Operations for the years ended September 30, 2015, 2014 and 2013.

(in millions)	Line Item	2015		2014		2013
Commodity swaps	Cost of goods sold	$	(0.1)	$	(0.1)	$	(0.1)
Foreign exchange contracts	Other expense, net	$	(2.5)	$	3.1		(3.6)
Total		$	(2.6)	$	3.0	$	(3.7)

NOTE 12 - EMPLOYEE BENEFIT PLANS

Pension Benefits

The Company has various defined benefit pension plans covering some of its employees in the United States and certain employees in other countries, primarily the United Kingdom and Germany. Plans generally provide benefits of stated amounts for each year of service. The Company funds its U.S. pension plans in accordance with the requirements of the defined benefit pension plans and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with the Company’s funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries.  The Company also sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are covered by local law or coordinated with government-sponsored plans, which are not significant in the aggregate and therefore are not included in the information presented below. The Company also has various nonqualified deferred compensation agreements with certain of its employees. Under certain of these agreements, the Company has agreed to pay certain amounts annually for the first 15 years subsequent to retirement or to a designated beneficiary upon death. It is management’s intent that life insurance contracts owned by the Company will fund these agreements. Under the remaining agreements, the Company has agreed to pay such deferred amounts in up to 15 annual installments beginning on a date specified by the employee, subsequent to retirement or disability, or to a designated beneficiary upon death.

103

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following tables provide additional information on the Company’s pension plans as of September 30, 2015 and 2014: 

	U.S. Plans				Non U.S. Plans
(in millions)	2015		2014		2015		2014
Changes in benefit obligation:
Benefit obligation, beginning of year	$	70.9	$	66.9	$	196.2	$	189.2
Obligations assumed from acquisitions		—		—		0.6		—
Transfer of obligation		—		—		(1.8)		—
Service cost		0.4		0.2		2.6		3.0
Interest cost		2.9		3.0		6.2		7.4
Actuarial (gain) loss		3.3		4.3		10.6		8.6
Curtailments		—		—		(0.9)		—
Participant contributions		—		—		—		0.1
Benefits paid		(3.6)		(3.5)		(11.8)		(6.2)
Foreign currency exchange rate changes		—		—		(17.3)		(5.9)
Benefit obligation, end of year	$	73.9	$	70.9	$	184.4	$	196.2
Changes in plan assets:
Fair value of plan assets, beginning of year	$	62.4	$	58.5	$	126.5	$	117.0
Actual return on plan assets		(1.2)		4.8		3.6		7.7
Employer contributions		0.6		2.6		7.8		10.3
Employee contributions		—		—		—		0.1
Benefits paid		(3.6)		(3.5)		(11.8)		(6.2)
Foreign currency exchange rate changes		—		—		(9.2)		(2.4)
Fair value of plan assets, end of year	$	58.2	$	62.4	$	116.9	$	126.5
Funded Status	$	(15.7)	$	(8.5)	$	(67.5)	$	(69.7)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	—	$	1.7
Other accrued expenses		0.6		0.6		2.2		2.9
Other long-term liabilities		15.1		7.9		65.3		68.5
Accumulated other comprehensive income (loss)		(20.4)		(11.7)		(23.4)		(20.9)
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%		3.50 - 5.26%		2.00 - 5.26%
Rate of compensation increase		N/A		N/A		2.25 - 5.50%		2.25 - 5.50%

Amounts reclassified from Accumulated Other Comprehensive Loss associated with employee benefit plan costs and recognized on the Company’s Consolidated Statements of Operations for the years ended September 30, 2015, 2014 and 2013 were as follows:

(in millions)	2015		2014		2013
Cost of goods sold	$	0.6	$	0.6	$	1.5
Selling expenses		0.3		0.3		(0.6)
General and administrative expenses		0.5		0.5		0.4
Amounts reclassified from accumulated other comprehensive loss	$	1.4	$	1.4	$	1.3

The net loss in Accumulated Other Comprehensive Loss expected to be recognized during the year ended September 30, 2016 is $2.4 million. 

104

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following table contains the components of net periodic benefit cost for the years ended September 30, 2015, 2014 and 2013:

	U.S Plans						Non U.S. Plans
(in millions)	2015		2014		2013		2015		2014		2013
Service cost	$	0.4	$	0.2	$	0.2	$	2.6	$	3.0	$	2.8
Interest cost		2.9		3.0		2.8		6.2		7.4		7.1
Expected return on assets		(4.5)		(4.1)		(3.7)		(5.2)		(5.8)		(5.0)
Curtailment		—		—		—		0.7		(0.1)		(0.7)
Recognized net actuarial loss		0.2		0.1		1.2		1.3		1.4		0.9
Net periodic benefit cost	$	(1.0)	$	(0.8)	$	0.5	$	5.6	$	5.9	$	5.1
Weighted average assumptions
Discount rate	4.15%		4.65%		3.75%		2.00 - 13.50%		2.25 - 12.50%		1.75 - 13.00%
Expected return on plan assets	7.50%		7.75%		7.75%		2.00 - 5.26%		4.00 - 5.76%		3.60 - 5.00%
Rate of compensation increase	N/A		N/A		N/A		2.25 - 5.50%		2.25 - 5.50%		2.25 - 5.50%

The discount rate is used to calculate the projected benefit obligation. The discount rate used is based on the rate of return on government bonds as well as current market conditions of the respective countries where the plans are established.  The expected return on plan assets is based on the Company’s expectation of the long-term average rate of return of the capital market in which the plans invest.  The expected return reflects the target asset allocations and considers the historical returns earned for each asset category.

The Company has established formal investment policies for the assets associated with these plans. Policy objectives include maximizing long-term return at acceptable risk levels, diversifying among asset classes, if appropriate, and among investment managers, as well as establishing relevant risk parameters within each asset class. Specific asset class targets are based on the results of periodic asset/liability studies. The investment policies permit variances from the targets within certain parameters. The plan assets currently do not include holdings of the Company’s common stock.

Below is a summary allocation of all pension plan assets as of September 30, 2015 and 2014:

	US Plans				Non U.S. Plans
Asset Type	2015		2014		2015		2014
Equity Securities	63	%	61	%	6	%	6	%
Fixed Income Securities	35	%	37	%	25	%	22	%
Other	2	%	2	%	69	%	72	%
Total	100	%	100	%	100	%	100	%

105

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The fair value of pension plan assets by asset category as of September 30, 2015 and 2014 are as follows:

As of September 30, 2015 (in millions)	Level 1		Level 2		Level 3		Total
Equity Securities
U.S. equity securities	$	18.6	$	7.1	$	—	$	25.7
Foreign equity securities		10.5		6.2		—		16.7
Debt Securities
U.S. bonds		18.2		1.3		—		19.5
Foreign bonds		3.0		15.1		—		18.1
Foreign government bonds		—		11.2		—		11.2
Real estate		1.2		6.0		—		7.2
Life insurance contracts		—		35.5		—		35.5
Other		—		33.1		—		33.1
Foreign cash & cash equivalents		8.1		—		—		8.1
Total plan assets	$	59.6	$	115.5	$	—	$	175.1
As of September 30, 2014 (in millions)	Level 1		Level 2		Level 3		Total
Equity Securities
U.S. equity securities	$	19.9	$	7.1	$	—	$	27.0
Foreign equity securities		11.1		7.6		—		18.7
Debt Securities
U.S. bonds		4.0		15.2		—		19.2
Foreign bonds		3.1		20.5		—		23.6
Foreign government bonds		—		8.5		—		8.5
Real estate		1.3		5.9		—		7.2
Life insurance contracts		—		37.7		—		37.7
Other		—		38.7		—		38.7
Foreign cash & cash equivalents		6.4		1.9		—		8.3
Total plan assets	$	45.8	$	143.1	$	—	$	188.9

The following benefit payments are expected to be paid:

(in millions)	US Plans		Non U.S. Plans
2016	$	3.9	$	5.4
2017		3.8		5.7
2018		4.0		6.1
2019		4.2		6.9
2020		4.2		6.8
2021-2025		21.5		39.4

Other Postretirement Benefits

Under the Rayovac postretirement plan, the Company provides certain health care and life insurance benefits to eligible retired employees. Participants earn retiree health care benefits after reaching age 40 over the next 10 succeeding years of service, and remain eligible until reaching age 65. The plan is contributory; retiree contributions have been established as a flat dollar amount with contribution rates expected to increase at the active medical cost trend rate. The plan is unfunded. The Company is amortizing the transition obligation over a 20-year period.  The projected benefit obligation as of September 30, 2015 and 2014 was $0.4 million and recognized as Other Long-Term Liabilities in the Consolidated Statements of Financial Position.  Net periodic cost was less than $0.1 million for the years ended September 30, 2015, 2014, and 2013.

106

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Defined Contribution Plans

The Company sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. The Company also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. Company contributions charged to operations, including discretionary amounts, for the years ended September 30, 2015, 2014 and 2013 were$11.2 million, $12.3 million, and $11.1 million.

NOTE 13 - INCOME TAXES

Income tax expense was calculated based upon the following components of income (loss) from operations before income taxes for the years ended September 30, 2015, 2014, and 2013:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
United States	$	3.4	$	80.7	$	(212.1)	$	9.8	$	83.3	$	(204.3)
Outside the United States		189.9		192.8		184.2		189.9		192.8		184.2
Income (loss) from operations before income taxes	$	193.3	$	273.5	$	(27.9)	$	199.7	$	276.1	$	(20.1)

The components of income tax expense for the years ended September 30, 2015, 2014 and 2013 are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
Current tax expense:
U.S. Federal	$	3.6	$	6.2	$	—	$	3.6	$	6.2	$	—
Foreign		40.4		46.6		47.7		40.4		46.6		47.7
State and local		4.5		4.3		1.3		4.5		4.3		1.3
Total current tax expense		48.5		57.1		49.0		48.5		57.1		49.0
Deferred tax expense:
U.S. Federal		(12.3)		19.7		(23.4)		(12.3)		19.7		(23.4)
Foreign		11.2		(8.2)		2.2		11.2		(8.2)		2.2
State and local		(3.5)		(9.6)		(0.4)		(3.5)		(9.6)		(0.4)
Total deferred tax expense		(4.6)		1.9		(21.6)		(4.6)		1.9		(21.6)
Income tax expense	$	43.9	$	59.0	$	27.4	$	43.9	$	59.0	$	27.4

107

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following reconciles the total income tax expense, based on the U.S. Federal statutory income tax rate of 35%, with the Company’s recognized income tax expense:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
U.S. Statutory federal income tax expense (benefit)	$	67.6	$	95.7	$	(9.8)	$	69.9	$	96.6	$	(7.1)
Permanent items		5.2		4.6		10.1		5.2		4.6		10.1
Foreign statutory rate vs. U.S. statutory rate		(33.8)		(28.7)		(25.1)		(33.8)		(28.7)		(25.1)
State income taxes, net of federal effect		1.7		5.4		(11.7)		1.7		5.4		(11.7)
Residual tax on foreign earnings		24.8		90.9		(7.0)		24.8		90.9		(7.0)
Investment in foreign subsidiary		(23.3)		—		—		(23.3)		—		—
Purchase accounting benefit		(22.8)		—		(49.8)		(22.8)		—		(49.8)
Change in valuation allowance		2.6		(115.6)		114.3		0.5		(116.5)		111.6
Unrecognized tax expense		(1.2)		0.5		4.0		(1.2)		0.5		4.0
Foreign tax law changes		—		(7.6)		—		—		(7.6)		—
Nondeductible share based compensation		2.3		1.4		1.7		2.3		1.4		1.7
Adjustment to prior year NOLs		14.4		—		—		14.4		—		—
Return to provision adjustments and other, net		6.4		12.4		0.7		6.2		12.4		0.7
Income tax expense	$	43.9	$	59.0	$	27.4	$	43.9	$	59.0	$	27.4

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2015 and 2014 are as follows:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
(in millions)	2015		2014		2015		2014
Deferred tax assets
Employee benefits	$	63.2	$	57.7	$	60.9	$	57.0
Restructuring		4.1		7.0		4.1		7.0
Inventories and receivables		35.2		24.9		35.2		24.9
Marketing and promotional accruals		14.4		16.0		14.4		16.0
Prepaid royalty		6.3		6.6		6.3		6.6
Property, plant and equipment		11.6		7.0		11.6		7.0
Unrealized losses		2.7		0.3		2.7		0.3
Intangibles		6.1		6.7		6.1		6.7
Investment in non-US subsidiaries		23.3		—		23.3		—
Net operating loss and credit carry forwards		447.7		507.5		441.6		502.1
Other		32.8		19.5		32.6		19.2
Total deferred tax assets		647.4		653.2		638.8		646.8
Deferred tax liabilities
Property, plant and equipment		27.1		22.6		27.1		22.6
Unrealized gains		18.6		21.2		18.6		21.2
Intangibles		840.8		728.0		840.8		728.0
Taxes on unremitted foreign earnings		2.4		2.6		2.4		2.6
Other		16.3		15.0		16.3		15.0
Total deferred tax liabilities		905.2		789.4		905.2		789.4
Net deferred tax liabilities		(257.8)		(136.2)		(266.4)		(142.6)
Valuation allowance		(305.4)		(333.1)		(296.8)		(326.7)
Net deferred tax liabilities, net valuation allowance	$	(563.2)	$	(469.3)	$	(563.2)	$	(469.3)
Reported as:
Prepaid expenses and other	$	44.7	$	36.7	$	44.7	$	36.7
Deferred charges and other		3.7		10.0		3.7		10.0
Other current liabilities		(4.6)		(2.8)		(4.6)		(2.8)
Deferred taxes (noncurrent liability)		(607.0)		(513.2)		(607.0)		(513.2)

108

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

During the fourth quarter of the year ended September 30, 2015, the Company recognized $23.3 million of deferred tax assets related to its investment in one of its foreign subsidiaries because it is expected to reverse in the foreseeable future.  The Company also recorded a $14.4 million reduction in its net operating loss deferred tax assets, with a corresponding reduction in the valuation allowance, to reflect losses used as a result of prior year adjustments.

To the extent necessary, the Company intends to utilize earnings of foreign subsidiaries in order to support management's plans to voluntarily accelerate pay down of U.S. debt, fund distributions to shareholders, fund U.S. acquisitions and satisfy ongoing U.S. operational cash flow requirements. As a result, current and certain prior period earnings of the Company's non-U.S. subsidiaries are generally not considered to be permanently reinvested, except in jurisdictions where repatriation is either precluded or restricted by law. The Company annually estimates the available earnings, permanent reinvestment classification and the availability of and management’s intent to use alternativemechanisms for repatriation for each jurisdiction in which the Company does business. Accordingly, the Company is providing residual U.S. and foreign deferred taxes on these earnings to the extent they cannot be repatriated in a tax-free manner. The Company has provided residual taxes on $37.5 million of distributions from foreign earnings for the year ended September 30, 2015 with no earnings not yet taxed in the U.S. resulting in a decrease in income tax expense of $0.3 million.  The Company has provided residual taxes on $190.5 million of distributions from foreign earnings for the year ended September 30, 2014 with $3.1 million of earnings not yet taxed in the U.S. resulting in an increase in income tax expense of $0.1 million. For the year ended September 30, 2014, $178.7 million of the distributions related to one-time internal restructuring and external debt refinancing activities. Remaining undistributed earnings of the Company’s foreign operations are $183.8 million at September 30, 2015, and are intended to remain permanently invested. Accordingly, no residual income taxes have been provided on those earnings. If at some future date these earnings cease to be permanently invested, the Company may be subject to U.S. income taxes and foreign withholding and other taxes on such amounts, which cannot be reasonably estimated at this time.

As of September 30, 2015, the Company has U.S. federal net operating loss carryforwards (“NOLs”) of $894.5 million with a federal tax benefit of $313.1 million and tax benefits related to state NOLs of $68.7 million and capital loss carryforwards of $14.2 million with a federal and state tax benefit of $5.4 million. The Company has an additional $59.6 million of federal and state NOLs for which benefits will be recorded to Additional Paid-in Capital when these carryforwards are used. These NOLs expire through years ending in 2035. As of September 30, 2015, the Company has foreign NOLs of $127.6 million which will expire beginning in the Company's fiscal year ending September 30, 2016. Certain of the foreign NOLs have indefinite carryforward periods. The Company is subject to an annual limitation on the use of its NOLs that arose prior to its emergence from bankruptcy in the fiscal year ended September 30, 2009. The Company has had multiple changes of ownership, as defined under Section 382 of the Internal Revenue Code of 1986, as amended, that subject the Company’s U.S. federal and state NOLs and other tax attributes to certain limitations. The annual limitation is based on a number of factors including the value of the Company’s stock (as defined for tax purposes) on the date of the ownership change, its net unrealized gain position on that date, the occurrence of realized gains in years subsequent to the ownership change and the effects of subsequent ownership changes (as defined for tax purposes), if any. Due to these limitations, the Company estimates, as of September 30, 2015, that $272.9 million of the total U.S. federal NOLs with a federal tax benefit of $95.5 million and $16.7 million of the tax benefit related to state NOLs will expire unused even if the Company generates sufficient income to otherwise use all of its NOLs. In addition, separate return year limitations apply to limit the Company’s utilization of the acquired Russell Hobbs U.S. federal and state NOLs to future income of the Russell Hobbs subgroup. The Company also projects, as of September 30, 2015, that $29.4 million of foreign NOLs will not be used. The Company has provided a full valuation allowance against these deferred tax assets.

A valuation allowance is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets depends on the ability of the Company to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions. As of September 30, 2015, the valuation allowance was $305.4 million, of which $268.7 million is related to U.S. net deferred tax assets and $36.7 million is related to foreign net deferred tax assets.  As of September 30, 2014, the valuation allowance was $333.1 million, of which $299.1 million related to U.S. net deferred tax assets and $34.0 million related to foreign net deferred tax assets.  During the year ended September 30, 2015, the Company decreased its valuation allowance for deferred tax assets by $27.7 million, of which $30.4 million related to a decrease in valuation allowance against U.S. net deferred tax asset and $2.7 million related to an increase in the valuation allowance against foreign net deferred tax asset.  As a result of the AAG acquisition, the Company reversed $22.8 million of U.S. valuation allowance during the year ended September 30, 2015.  The reversal was attributable to $22.8 million of net deferred tax liabilities recorded on the AAG acquisition balance sheet which offset other U.S net deferred tax assets.  During the year ended September 30, 2015, the Company recorded valuation allowances of $17.0 million against the deferred tax assets of various Latin America entities as it is more likely than not that the Company will not obtain tax benefits from these assets.  During the year ended September 30, 2014, the Company decreased its valuation allowance for deferred tax assets by $121.5 million, of which $122.6 million related to a decrease in the valuation allowance against U.S. net deferred tax assets and $1.1 million related to an increase in the valuation allowance against foreign net deferred tax assets. As a result of the one time internal restructuring and debt refinancing activities, the Company reversed $62.6 million of U.S. valuation allowance during the year ended September 30, 2014. As a result of the purchase of HHI Business, the Company reversed $49.8 million of U.S. valuation allowance during the year ended September 30, 2013. The reversal was attributable to $49.8 million of

109

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

net deferred tax liabilities recorded on the HHI Business purchase accounting balance sheet which offset other U.S. net deferred tax assets.

The total amount of unrecognized tax benefits at September 30, 2015 and 2014 are $14.1 million and $11.3 million, respectively. If recognized in the future, $11.4 million of the unrecognized tax benefits as of September 30, 2015 will impact the effective tax rate and $2.7 million of unrecognized tax benefits would create deferred tax assets against which the Company would have a full valuation allowance. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2015 and 2014 the Company had $2.8 million and $3.5 million, respectively, of accrued interest and penalties related to uncertain tax positions. The impact on income tax expense related to interest and penalties for the years ended September 30, 2015, 2014 and 2013 was a net increase of $0.9 million, a net increase of $1.1 million and a net decrease of less than $0.1 million, respectively.  The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2015, 2014 and 2013:

(in millions)	2015		2014		2013
Unrecognized tax benefits, beginning of year	$	11.3	$	13.8	$	5.9
Gross increase – tax positions in prior period		4.1		1.5		9.1
Gross decrease – tax positions in prior period		(1.9)		(1.4)		(0.3)
Gross increase – tax positions in current period		1.8		0.7		0.5
Settlements		(0.9)		(2.5)		(0.1)
Lapse of statutes of limitations		(0.3)		(0.8)		(1.3)
Unrecognized tax benefits, end of year	$	14.1	$	11.3	$	13.8

The Company files income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions and is subject to ongoing examination by the various taxing authorities. The Company’s major taxing jurisdictions are the U.S., United Kingdom and Germany. In the U.S., federal tax filings for years prior to and including the Company’s fiscal year ended September 30, 2011 are closed. However, the federal NOLs from the Company’s fiscal years ended September 30, 2011 and prior are subject to Internal Revenue Service (“IRS”) examination until the year that such net operating loss carryforwards are utilized and those years are closed for audit. Filings in various U.S. state and local jurisdictions are also subject to audit and to date no significant audit matters have arisen.  As of September 30, 2015, certain of the Company’s legal entities are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next twelve months some portion of previously unrecognized tax benefits could be recognized.

NOTE 14 - RELATED PARTIES

The Company is subject to a stockholder agreement, dated February 9, 2010 (“Stockholder Agreement”), with its majority shareholder, HRG Group, Inc. (“HRG”), which provides certain protective provisions in favor of minority stockholders and provides certain rights and imposes certain obligations on HRG and its affiliates, including:

· for so long as the HRG and their affiliates beneficially own 40% or more of the outstanding voting securities of the Company, HRG and the Company will cooperate to ensure, to the greatest extent possible, the continuation of the structure of the Company’s board of directors as described in the Stockholder Agreement;

· HRG will not effect any transfer of equity securities of the Company to any person that would result in such person and its affiliates owning 40% or more of the outstanding voting securities of the Company, unless specified conditions are met; and

· HRG will be granted certain access and informational rights with respect to the Company and its subsidiaries.

Certain provisions of the Stockholder Agreement terminate on the date on which the HRG no longer constitutes a Significant Stockholder (as defined in the Stockholder Agreement). The Stockholder Agreement terminates when any person, including HRG, acquires 90% or more of the outstanding voting securities of the Company.

HRG and the Company also entered into a registration rights agreement, dated as of February 9, 2010 (the “Registration Rights Agreement”), pursuant to which HRG and its affiliates have, among other things and subject to the terms and conditions set forth therein, certain demand and so-called “piggy back” registration rights with respect to their shares of the Company’s common stock.

110

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Jefferies LLC (“Jefferies”), a wholly owned subsidiary of Leucadia National Corporation, which through subsidiaries beneficially owns more than 10% of the outstanding common stock of HRG, which in turn owned 58% of the Company’s outstanding common stock as of September 30, 2015, acted as (i) one of the initial purchasers for SBI’s offering of $1.0 billion of its 5.75% Notes due 2025, for which Jefferies received $2.6 million in discounts, commissions and reimbursements of expenses , (ii) one of the underwriters for the Company’s $575 million offering of common stock in May 2015, for which Jefferies received $1.5 million in discounts, commissions and reimbursements of expenses, and (iii) one of the financing institutions that committed to provide “back stop” bridge facilities in an aggregate amount of $1.5 billion in connection with the financing of the AAG acquisition, for which Jefferies received $2.1 million in fees and reimbursements of expenses.

NOTE 15 –SHARE BASED COMPENSATION

On October 21, 2010, the Board adopted the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan (the “Equity Plan”).  During the year ended September 30, 2014, the Equity Plan was amended to increase the number of shares issuable under the Equity Plan to 5,626 shares of common stock of the Company, net of cancellations. 

The Company measures the compensation expense of its stock-based compensation awards, which consist of restricted stock units (“RSUs”), based on the fair value of the awards at the date of grant, and recognizes these costs on a straight line basis over the requisite service period of the awards.  The fair value of the RSUs is determined based on the market price of the Company’s shares of common stock on the grant date.

During the year ended September 30, 2015, the Company granted 0.6 million RSUs, which include 0.1 million units that vested immediately or within 12 months, 0.2 unit million units that vest over a one year period, and 0.3 million units that are performance-based and vest within a two-year period.  During the year ended September 30, 2014, the Company granted 0.7 million RSUs, which include 0.3 million units that vested immediately or within 12 months, 0.1 million units that vest over a one year period and 0.3 million units that are performance-based and vest within a twoyear period.  During the year ended September 30, 2013, the Company granted 0.7 million RSUs, which include 0.1 million that vest over a one year period and 0.6 million that are both performance and time-based and vest over a one year performance-based period followed by a one year time-based period.   

Share based compensation expense recognized by SBH during the years ended September 30, 2015, 2014 and 2013 was $47.6 million, $46.8 million, and $43.9 million,respectively.  Share based compensation expense recognized by SB/RH during the years ended September 30, 2015, 2014 and 2013 was $41.8 million, 44.9 million and 43.1 million, respectively.  Share based compensation expense is recognized as General and Administrative Expenses on the Consolidated Statements of Operations.  The remaining unamortized compensation cost related to non-vested restricted stock units at September 30, 2015 is $28.1 million and $23.2 million for the SBH and SB/RH, respectively.  The following is a summary of the RSU activity for the years ended September 30, 2015, 2014 and 2013:

	Spectrum Brands Holdings, Inc.					SB/RH Holdings, LLC
		Weighted					Weighted
		Average					Average
		Grant Date		Fair Value			Grant Date		Fair Value
(in millions, except per share data)	Shares	Fair Value		at Grant Date		Shares	Fair Value		at Grant Date
Non-vested restricted stock units at September 30, 2012	1.9	$	28.45	$	55.0	1.9	$	28.45	$	54.9
Granted	0.7		45.97		32.1	0.7		46.18		31.3
Forfeited	(0.3)		30.36		(9.2)	(0.3)		30.36		(9.1)
Vested	(1.2)		28.25		(34.2)	(1.2)		28.19		(34.0)
Non-vested restricted stock units at September 30, 2013	1.1		39.11	$	43.7	1.1		39.12	$	43.1
Granted	0.7		75.50		50.5	0.6		75.82		48.6
Forfeited	—		69.33		(0.4)	—		69.33		(0.4)
Vested	(1.0)		39.69		(37.8)	(0.9)		39.34		(36.7)
Non-vested restricted stock units at September 30, 2014	0.8		67.66	$	56.0	0.8		67.90	$	54.6
Granted	0.6		92.51		52.9	0.5		93.12		42.3
Forfeited	(0.1)		85.16		(5.3)	(0.1)		85.16		(5.3)
Vested	(0.7)		69.00		(50.4)	(0.7)		68.98		(49.5)
Non-vested restricted stock units at September 30, 2015	0.6		87.50	$	53.2	0.5		87.71	$	42.1

111

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in the components of accumulated other comprehensive income (loss), net of taxes, was as follows:

	Foreign				Employee
	Currency		Derivative		Benefit
(in millions)	Translation		Hedging		Plans		Total
Year Ended September 30, 2013
Accumulated other comprehensive (loss) income, as of September 30, 2012	$	(0.2)	$	0.2	$	(33.4)	$	(33.4)
Other comprehensive (loss) income before reclassification		(6.6)		(2.0)		8.1		(0.5)
Amounts reclassified from accumulated other comprehensive (loss) income		—		(0.9)		1.3		0.4
Other comprehensive (loss) income		(6.6)		(2.9)		9.4		(0.1)
Deferred tax effect		—		(0.2)		(5.1)		(5.3)
Deferred tax valuation allowance		—		0.6		(0.1)		0.5
Other comprehensive (loss) income, net of tax		(6.6)		(2.5)		4.2		(4.9)
Other comprehensive (loss) income attributable to non-controlling interest		0.2		—		—		0.2
Other comprehensive (loss) income attributable to controlling interest		(6.8)		(2.5)		4.2		(5.1)
Accumulated other comprehensive (loss) income, as of September 30, 2013		(7.0)		(2.3)		(29.2)		(38.5)
Year Ended September 30, 2014
Other comprehensive (loss) income before reclassification		(32.6)		13.1		(6.6)		(26.1)
Amounts reclassified from accumulated other comprehensive income (loss)		—		2.6		1.4		4.0
Other comprehensive (loss) income, year ended September 30, 2014		(32.6)		15.7		(5.2)		(22.1)
Deferred tax effect		—		(4.2)		2.9		(1.3)
Deferred tax valuation allowance		—		—		(1.3)		(1.3)
Other comprehensive (loss) income, net of tax		(32.6)		11.5		(3.6)		(24.7)
Other comprehensive income (loss) attributable to non-controlling interest		(0.1)		—		—		(0.1)
Other comprehensive income (loss) attributable to controlling interest		(32.5)		11.5		(3.6)		(24.6)
Accumulated other comprehensive income (loss), September 30, 2014		(39.5)		9.2		(32.8)		(63.1)
Year Ended September 30, 2015
Other comprehensive (loss) income before reclassification		(113.0)		11.3		(12.9)		(114.6)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(27.5)		1.4		(26.1)
Other comprehensive (loss) income, year ended September 30, 2015		(113.0)		(16.2)		(11.5)		(140.7)
Deferred tax effect		—		5.2		3.9		9.1
Deferred tax valuation allowance		—		(2.2)		(3.4)		(5.6)
Other comprehensive (loss) income, net of tax		(113.0)		(13.2)		(11.0)		(137.2)
Other comprehensive income (loss) attributable to non-controlling interest		(0.2)		—		—		(0.2)
Other comprehensive income (loss) attributable to controlling interest		(112.8)		(13.2)		(11.0)		(137.0)
Accumulated other comprehensive income (loss), September 30, 2015	$	(152.3)	$	(4.0)	$	(43.8)	$	(200.1)

See Note 11, “Derivatives” for further detail on the Company’s derivative hedging activity.  See Note 12, “Employee Benefit Plans” for further detail over the Company’s defined benefit plans.

NOTE 17 -COMMITMENTS AND CONTINGENCIES

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

The Company has provided for the estimated costs of $4.4 million and $4.6 million, as of September 30, 2015 and 2014, respectively, associated with environmental remediation activities at some of its current and former manufacturing sites. The Company believes that any additional liability in excess of the amounts provided that may result from resolution of these matters, will not have a material adverse effect on the consolidated financial condition, results of operations or cash flows of the Company.

112

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 18 - SEGMENT INFORMATION

The Company identifies its segments using the “management approach,” which designates 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; (ii) Hardware & Home Improvement, which was established through the HHI acquisition on December 21, 2012 and 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. 

Net sales relating to the segments for the years ended September 30, 2015, 2014 and 2013 are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Net sales to external customers (in millions)	2015		2014		2013		2015		2014		2013
Consumer batteries	$	829.5	$	957.8	$	931.6	$	829.5	$	957.8	$	931.6
Small appliances		734.6		730.8		740.3		734.6		730.8		740.3
Personal care		528.1		542.1		531.7		528.1		542.1		531.7
Global Batteries & Appliances		2,092.2		2,230.7		2,203.6		2,092.2		2,230.7		2,203.6
Hardware & Home Improvement		1,205.5		1,166.0		869.6		1,205.5		1,166.0		869.6
Global Pet Supplies		758.2		600.5		621.9		758.2		600.5		621.9
Home and Garden		474.0		431.9		390.5		474.0		431.9		390.5
Global Auto Care		160.5		—		—		160.5		—		—
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	4,690.4	$	4,429.1	$	4,085.6

Segment profit does not include corporate expenses, acquisition and integration related charges, restructuring and related charges, impairment charges, interest expense, income tax expense, and other non-operating expenses. Corporate expenses primarily include general and administrative expenses and the costs of stock compensation plans which are evaluated on a consolidated basis and not allocated to the segments. Segment profit in relation to the Company’s reportable segments for the years ended September 30, 2015, 2014 and 2013 is as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Segment Profit (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	240.8	$	256.5	$	237.5	$	240.8	$	256.5	$	237.5
Hardware & Home Improvement		185.2		172.2		88.7		185.2		172.2		88.7
Global Pet Supplies		83.9		82.4		91.1		83.9		82.4		91.1
Home and Garden		111.2		89.3		78.5		111.2		89.3		78.5
Global Auto Care		21.8		—		—		21.8		—		—
Total segment profit		642.9		600.4		495.8		642.9		600.4		495.8
Corporate expense		81.3		75.5		62.2		74.9		72.9		60.5
Acquisition and integration related charges		58.8		20.1		48.4		58.8		20.1		48.4
Restructuring and related charges		28.7		22.9		34.0		28.7		22.9		34.0
Interest expense		271.9		202.1		375.6		271.9		202.1		369.5
Other non-operating expenses, net		8.9		6.3		3.5		8.9		6.3		3.5
Income (loss) from operations before income taxes	$	193.3	$	273.5	$	(27.9)	$	199.7	$	276.1	$	(20.1)

113

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Other financial information relating to the Company’s segments is as follows for the years ended September 30, 2015, 2014 and 2013 and as of September 30, 2015 and 2014:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Depreciation and amortization (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	71.0	$	73.1	$	67.2	$	71.0	$	73.1	$	67.2
Hardware & Home Improvement		39.4		40.4		31.4		39.4		40.4		31.4
Global Pet Supplies		39.7		31.5		29.6		39.7		31.5		29.6
Home and Garden		13.3		12.6		11.7		13.3		12.6		11.7
Global Auto Care		6.6		—		—		6.6		—		—
Total segments		170.0		157.6		139.9		170.0		157.6		139.9
Corporate		—		—		—		—		—		—
Total depreciation and amortization	$	170.0	$	157.6	$	139.9	$	170.0	$	157.6	$	139.9

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Capital expenditures (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	48.9	$	40.3	$	47.9	$	48.9	$	40.3	$	47.9
Hardware & Home Improvement		16.3		21.2		23.4		16.3		21.2		23.4
Global Pet Supplies		10.4		5.3		8.3		10.4		5.3		8.3
Home and Garden Business		12.3		6.5		2.4		12.3		6.5		2.4
Global Auto Care		1.2		—		—		1.2		—		—
Total segment capital expenditures		89.1		73.3		82.0		89.1		73.3		82.0
Corporate		—		—		—		—		—		—
Total capital expenditures	$	89.1	$	73.3	$	82.0	$	89.1	$	73.3	$	82.0

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Segment total assets (in millions)	2015		2014		2015		2014
Global Batteries & Appliances	$	2,080.4	$	2,152.0	$	2,080.4	$	2,152.0
Hardware & Home Improvement		1,619.9		1,629.0		1,619.9		1,629.0
Global Pet Supplies		1,125.2		890.4		1,125.2		890.4
Home and Garden		530.9		526.6		530.9		526.6
Global Auto Care		1,543.1		—		1,543.1		—
Total segment assets		6,899.5		5,198.0		6,899.5		5,198.0
Corporate		398.5		315.0		398.4		313.3
Total assets	$	7,298.0	$	5,513.0	$	7,297.9	$	5,511.3

Net sales for the years ended September 30, 2015, 2014 and 2013 and long-lived asset information as of September 30, 2015 and 2014 by geographic area are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Net sales to external parties - Geographic Disclosure (in millions)	2015		2014		2013		2015		2014		2013
United States	$	2,907.9	$	2,640.7	$	2,404.4	$	2,907.9	$	2,640.7	$	2,404.4
Europe/MEA		1,049.8		970.4		910.0		1,049.8		970.4		910.0
Latin America		381.5		414.3		389.7		381.5		414.3		389.7
North America - Other		164.0		196.0		192.3		164.0		196.0		192.3
Asia-Pacific		187.2		207.7		189.2		187.2		207.7		189.2
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	4,690.4	$	4,429.1	$	4,085.6

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Long-lived assets - Geographic Disclosure (in millions)	2015		2014		2015		2014
United States	$	311.1	$	269.1	$	311.1	$	269.1
Europe/MEA		139.2		92.0		139.2		92.0
Latin America		14.6		23.6		14.6		23.6
North America - Other		2.4		3.9		2.4		3.9
Asia-Pacific		39.8		40.3		39.8		40.3
Total long-lived assets	$	507.1	$	428.9	$	507.1	$	428.9

114

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 19 - EARNINGS PER SHARE - SBH

Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the dilution that would occur if restricted stock units were converted into common shares that then shared in the net income (loss) of the entity, as long as their effect is not antidilutive. In computing diluted earnings per share, basic earnings per share is adjusted for the assumed issuance of potentially diluted share-based awards, including restricted stock units.  The Company uses the treasury stock method to reflect dilution of restricted stock units.

The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the years ended September 30, 2015, 2014 and 2013, is as follows:

(in millions, except per share amounts)	2015		2014		2013
Numerator
Net income (loss) attributable to controlling interest	$	148.9	$	214.1	$	(55.2)
Denominator
Weighted average common shares outstanding - basic		55.6		52.6	-	52.0
Dilutive shares		0.3		0.7		-
Weighted average common shares outstanding - diluted		55.9		53.3		52.0
Earnings per share
Basic earnings per share	$	2.68	$	4.07	$	(1.06)
Diluted earnings per share	$	2.66	$	4.02	$	(1.06)
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units		0.1		0.1	-	1.1

Performance based restricted stock units are considered anti-dilutive if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period.  During the year ended September 30, 2013, the Company did not assume the exercise of common stock equivalents for restricted stock units as the impact would have been antidilutive due to the net loss in the period.

115

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 20 – GUARANTOR STATEMENTS – SB/RH

SBI and SB/RH (collectively, the “Parent”), with their domestic subsidiaries as guarantors, has issued the 6.375% Notes and the 6.625% Notes under the 2020/22 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 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 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		57.9		15.7		40.5		2.7		116.8
Total current assets		823.3		939.9		1,074.1		(1,105.1)		1,732.2
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		237.2		0.6		27.8		(164.0)		101.6
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	$	6,761.7	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,297.9
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		21.8		110.6		(0.4)		216.5
Total current liabilities		971.9		77.7		494.1		(478.3)		1,065.4
Long-term debt, net of current portion		3,913.9		—		23.3		—		3,937.2
Long-term intercompany debt		16.8		578.7		392.6		(988.1)		—
Deferred income taxes		241.2		440.2		89.6		(164.0)		607.0
Other long-term liabilities		33.3		8.8		73.4		—		115.5
Total liabilities		5,177.1		1,105.4		1,073.0		(1,630.4)		5,725.1
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 shareholder's equity	$	6,761.7	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,297.9

116

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Statement of Financial Position			Guarantor		Nonguarantor
As of September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	4.8	$	11.2	$	176.9	$	—	$	192.9
Trade receivables, net		48.3		157.6		233.1		—		439.0
Intercompany receivables		106.9		937.3		587.0		(1,631.2)		—
Other receivables		2.3		8.3		65.7		—		76.3
Inventories		77.7		313.0		240.4		(6.6)		624.5
Prepaid expenses and other		9.1		48.7		41.0		1.4		100.2
Total current assets		249.1		1,476.1		1,344.1		(1,636.4)		1,432.9
Property, plant and equipment, net		137.7		115.3		175.9		—		428.9
Long-term intercompany receivables		0.7		107.3		41.6		(149.6)		—
Goodwill		67.7		1,030.7		371.2		—		1,469.6
Intangible assets, net		494.1		1,151.7		445.7		—		2,091.5
Deferred charges and other		173.0		(118.0)		33.4		—		88.4
Investments in subsidiaries		4,076.3		1,278.9		0.4		(5,355.6)		—
Total assets	$	5,198.6	$	5,042.0	$	2,412.3	$	(7,141.6)	$	5,511.3
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	75.2	$	6.9	$	30.5	$	—	$	112.6
Accounts payable		76.0		202.5		241.2		—		519.7
Intercompany accounts payable		1,366.0		829.9		81.2		(2,277.1)		—
Accrued wages and salaries		25.6		19.5		43.0		—		88.1
Accrued interest		35.0		—		0.4		—		35.4
Other current liabilities		22.7		52.9		99.2		—		174.8
Total current liabilities		1,600.5		1,111.7		495.5		(2,277.1)		930.6
Long-term debt, net of current portion		2,539.2		8.9		346.0		—		2,894.1
Long-term intercompany debt		16.3		(617.9)		105.2		496.4		—
Deferred income taxes		(52.3)		462.2		103.3		—		513.2
Other long-term liabilities		19.0		0.8		83.4		—		103.2
Total liabilities		4,122.7		965.7		1,133.4		(1,780.7)		4,441.1
Shareholder's equity:
Other equity		1,419.5		3,297.0		1,284.8		(4,587.5)		1,413.8
Accumulated (deficit) earnings		(330.0)		775.4		(13.8)		(761.6)		(330.0)
Accumulated other comprehensive (loss) income		(63.1)		(51.0)		(47.0)		98.0		(63.1)
Total shareholder's equity		1,026.4		4,021.4		1,224.0		(5,251.1)		1,020.7
Non-controlling interest		49.5		54.9		54.9		(109.8)		49.5
Total equity		1,075.9		4,076.3		1,278.9		(5,360.9)		1,070.2
Total liabilities and shareholders' equity	$	5,198.6	$	5,042.0	$	2,412.3	$	(7,141.6)	$	5,511.3

117

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	2,385.1	$	759.6	$	2,534.0	$	(988.3)	$	4,690.4
Cost of goods sold		1,657.0		492.4		1,845.5		(976.9)		3,018.0
Restructuring and related charges		—		—		2.1		—		2.1
Gross profit		728.1		267.2		686.4		(11.4)		1,670.3
Operating expenses:
Selling		291.4		89.5		340.8		(1.0)		720.7
General and administrative		218.8		40.4		73.2		—		332.4
Research and development		33.4		3.3		14.6		—		51.3
Acquisition and integration related charges		40.8		5.7		12.3		—		58.8
Restructuring and related charges		34.0		0.6		(8.0)		—		26.6
Total operating expense		618.4		139.5		432.9		(1.0)		1,189.8
Operating income (loss)		109.7		127.7		253.5		(10.4)		480.5
Interest expense		235.4		6.9		29.6		—		271.9
Other non-operating (income) expense, net		(207.1)		(151.5)		4.8		362.7		8.9
Income from operations before income taxes		81.4		272.3		219.1		(373.1)		199.7
Income tax expense (benefit)		(74.4)		66.3		52.9		(0.9)		43.9
Net income (loss)		155.8		206.0		166.2		(372.2)		155.8
Net income (loss) attributable to non-controlling interest		0.4		0.9		0.9		(1.8)		0.4
Net income (loss) attributable to controlling interest	$	155.4	$	205.1	$	165.3	$	(370.4)	$	155.4

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	626.7	$	2,141.3	$	2,449.4	$	(788.3)	$	4,429.1
Cost of goods sold		447.7		1,434.4		1,762.7		(788.3)		2,856.5
Restructuring and related charges		—		2.6		1.1		—		3.7
Gross profit		179.0		704.3		685.6		—		1,568.9
Operating expenses:
Selling		76.6		268.5		333.8		(0.7)		678.2
General and administrative		60.5		168.9		89.6		—		319.0
Research and development		22.3		12.0		13.6		—		47.9
Acquisition and integration related charges		11.7		8.3		0.1		—		20.1
Restructuring and related charges		8.4		4.0		6.8		—		19.2
Total operating expense		179.5		461.7		443.9		(0.7)		1,084.4
Operating income (loss)		(0.5)		242.6		241.7		0.7		484.5
Interest expense		172.2		(0.1)		30.0		—		202.1
Other non-operating (income) expense, net		(213.8)		(163.7)		3.9		379.9		6.3
Income from operations before income taxes		41.1		406.4		207.8		(379.2)		276.1
Income tax expense (benefit)		(176.0)		194.6		40.1		0.3		59.0
Net income (loss)		217.1		211.8		167.7		(379.5)		217.1
Net income (loss) attributable to non-controlling interest		0.3		0.3		0.3		(0.6)		0.3
Net income (loss) attributable to controlling interest	$	216.8	$	211.5	$	167.4	$	(378.9)	$	216.8

118

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	638.7	$	1,178.2	$	3,123.3	$	(854.6)	$	4,085.6
Cost of goods sold		463.9		799.9		2,274.5		(853.0)		2,685.3
Restructuring and related charges		—		2.4		7.6		—		10.0
Gross profit		174.8		375.9		841.2		(1.6)		1,390.3
Operating expenses:
Selling		73.4		143.8		420.7		(0.9)		637.0
General and administrative		74.1		85.1		125.5		—		284.7
Research and development		17.7		10.1		15.5		—		43.3
Acquisition and integration related charges		35.2		4.7		8.5		—		48.4
Restructuring and related charges		4.3		11.0		8.7		—		24.0
Total operating expense		204.7		254.7		578.9		(0.9)		1,037.4
Operating income (loss)		(29.9)		121.2		262.3		(0.7)		352.9
Interest expense		346.6		2.9		20.0		—		369.5
Other non-operating (income) expense, net		(248.6)		(180.8)		7.8		425.1		3.5
Income from operations before income taxes		(127.9)		299.1		234.5		(425.8)		(20.1)
Income tax expense (benefit)		(80.4)		47.0		60.9		(0.1)		27.4
Net income (loss)		(47.5)		252.1		173.6		(425.7)		(47.5)
Net income (loss) attributable to non-controlling interest		(0.1)		(0.1)		(0.1)		0.2		(0.1)
Net income (loss) attributable to controlling interest	$	(47.4)	$	252.2	$	173.7	$	(425.9)	$	(47.4)

119

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	155.8	$	206.0	$	166.2	$	(372.2)	$	155.8
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(112.8)		(113.7)		(113.7)		227.2		(113.0)
Unrealized gain (loss) on derivative instruments		(13.2)		(7.9)		(7.9)		15.8		(13.2)
Defined benefit pension gain (loss)		(11.0)		(2.2)		(2.2)		4.4		(11.0)
Other comprehensive income (loss)		(137.0)		(123.8)		(123.8)		247.4		(137.2)
Comprehensive income (loss)		18.8		82.2		42.4		(124.8)		18.6
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	$	19.0	$	82.4	$	42.6	$	(125.2)	$	18.8

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	217.1	$	211.8	$	167.7	$	(379.5)	$	217.1
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(32.5)		(32.7)		(33.6)		66.3		(32.5)
Unrealized gain (loss) on derivative instruments		11.5		11.4		11.7		(23.1)		11.5
Defined benefit pension gain (loss)		(3.6)		(0.1)		(0.1)		0.2		(3.6)
Other comprehensive income (loss)		(24.6)		(21.4)		(22.0)		43.4		(24.6)
Comprehensive income (loss)		192.5		190.4		145.7		(336.1)		192.5
Comprehensive income (loss) attributable to non-controlling interest		0.4		0.3		0.3		(0.6)		0.4
Comprehensive income (loss) attributable to controlling interest	$	192.1	$	190.1	$	145.4	$	(335.5)	$	192.1

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(47.5)	$	252.1	$	173.6	$	(425.7)	$	(47.5)
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(6.6)		(6.3)		(5.8)		12.1		(6.6)
Unrealized gain (loss) on derivative instruments		(2.5)		(1.4)		(1.4)		2.8		(2.5)
Defined benefit pension gain (loss)		4.2		(3.9)		(3.9)		7.8		4.2
Other comprehensive income (loss)		(4.9)		(11.6)		(11.1)		22.7		(4.9)
Comprehensive income (loss)		(52.4)		240.5		162.5		(403.0)		(52.4)
Comprehensive income (loss) attributable to non-controlling interest		0.1		0.1		0.1		(0.2)		0.1
Comprehensive income (loss) attributable to controlling interest	$	(52.5)	$	240.4	$	162.4	$	(402.8)	$	(52.5)

120

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(143.5)	$	(770.8)	$	(1,418.8)	$	2,774.9	$	441.8
Cash flows from investing activities
Purchases of property, plant and equipment		(45.7)		(13.5)		(29.9)		—		(89.1)
Business acquisitions, net of cash acquired		(1,026.0)		—		(165.1)		—		(1,191.1)
Proceeds from sales of property, plant and equipment		0.1		—		1.3		—		1.4
Other investing activities		—		—		(0.9)		—		(0.9)
Net cash used by investing activities		(1,071.6)		(13.5)		(194.6)		—		(1,279.7)
Cash flows from financing activities
Proceeds from issuance of debt		3,320.3		—		—		—		3,320.3
Payment of debt		(2,521.2)		—		(292.0)		—		(2,813.2)
Payment of debt issuance costs		(38.1)		—		—		—		(38.1)
Payment of cash dividends to parent		(72.1)		—		—		—		(72.1)
Capital contribution from parent		528.3		—		—		—		528.3
Share based tax withholding payments, net of proceeds upon vesting		(2.6)		—		—		—		(2.6)
Advances related to intercompany transactions		8.7		781.7		1,984.5		(2,774.9)		—
Net cash provided (used) by financing activities		1,223.3		781.7		1,692.5		(2,774.9)		922.6
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		—		—		(2.5)		—		(2.5)
Effect of exchange rate changes on cash and cash equivalents		—		—		(27.2)		—		(27.2)
Net increase (decrease) in cash and cash equivalents		8.2		(2.6)		49.4		—		55.0
Cash and cash equivalents, beginning of period		4.8		11.2		176.9		—		192.9
Cash and cash equivalents, end of period	$	13.0	$	8.6	$	226.3	$	—	$	247.9

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided (used) by operating activities	$	616.6	$	114.4	$	(269.4)	$	(26.9)	$	434.7
Cash flows from investing activities
Purchases of property, plant and equipment		(23.2)		(26.4)		(23.7)		—		(73.3)
Business acquisitions, net of cash acquired		—		(27.6)		—		—		(27.6)
Proceeds from sales of property, plant and equipment		0.1		0.1		9.0		—		9.2
Other investing activities		—		(1.8)		—		—		(1.8)
Net cash used by investing activities		(23.1)		(55.7)		(14.7)		—		(93.5)
Cash flows from financing activities
Proceeds from issuance of debt		230.7		—		309.4		—		540.1
Payment of debt		(764.9)		—		(6.0)		—		(770.9)
Payment of debt issuance costs		(0.5)		—		(4.9)		—		(5.4)
Payment of cash dividends to parent		(77.0)		—		—		—		(77.0)
Share based tax withholding payments, net of proceeds upon vesting		(25.0)		—		—		—		(25.0)
Advances related to intercompany transactions		44.1		(52.9)		(18.1)		26.9		—
Net cash (used) provided by financing activities		(592.6)		(52.9)		280.4		26.9		(338.2)
Effect of exchange rate changes on cash and cash equivalents		—		—		(8.3)		—		(8.3)
Net increase (decrease) in cash and cash equivalents		0.9		5.8		(12.0)		—		(5.3)
Cash and cash equivalents, beginning of period		3.9		5.4		188.9		—		198.2
Cash and cash equivalents, end of period	$	4.8	$	11.2	$	176.9	$	—	$	192.9

121

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(319.1)	$	727.2	$	337.1	$	(487.0)	$	258.2
Cash flows from investing activities
Purchases of property, plant and equipment		(30.9)		(9.0)		(42.1)		—		(82.0)
Business acquisitions, net of cash acquired		—		(1,351.0)		(42.6)		—		(1,393.6)
Proceeds from sales of property, plant and equipment		0.1		—		0.1		—		0.2
Other investing activities		—		(1.3)		—		—		(1.3)
Net cash used by investing activities		(30.8)		(1,361.3)		(84.6)		—		(1,476.7)
Cash flows from financing activities
Proceeds from issuance of debt		2,934.3		—		103.9		—		3,038.2
Payment of debt		(1,618.2)		—		(15.5)		—		(1,633.7)
Payment of debt issuance costs		(58.7)		—		(2.2)		—		(60.9)
Payment of cash dividends to parent		(88.7)		—		—		—		(88.7)
Capital contribution from parent		28.6		—		—		—		28.6
Share based tax withholding payments, net of proceeds upon vesting		(20.1)		—		—		—		(20.1)
Advances related to intercompany transactions		(830.1)		626.2		(283.1)		487.0		—
Net cash provided (used) by financing activities		347.1		626.2		(196.9)		487.0		1,263.4
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		—		—		(1.9)		—		(1.9)
Effect of exchange rate changes on cash and cash equivalents		—		—		(2.6)		—		(2.6)
Net (decrease) increase in cash and cash equivalents		(2.8)		(7.9)		51.1		—		40.4
Cash and cash equivalents, beginning of period		6.7		13.3		137.8		—		157.8
Cash and cash equivalents, end of period	$	3.9	$	5.4	$	188.9	$	—	$	198.2

122

SPECTRUM BRANDS HOLDINGS, INC.

SB/RH HOLDINGS, LLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 21 -QUARTERLY RESULTS (UNAUDITED)

Spectrum Brands Holdings, Inc.	Quarter Ended
2015 (in millions, except per share)	September 30, 2015		June 28, 2015		March 29, 2015		December 28, 2014
Net sales	$	1,308.1	$	1,247.5	$	1,067.0	$	1,067.8
Gross profit		467.4		458.0		374.7		370.2
Net income attributable to controlling interest		26.4		44.9		27.8		49.8
Basic earnings per share	$	0.44	$	0.79	$	0.52	$	0.94
Diluted earnings per share	$	0.44	$	0.79	$	0.52	$	0.94

Spectrum Brands Holdings, Inc.	Quarter Ended
2014 (in millions, except per share)	September 30, 2014		June 29, 2014		March 30, 2014		December 29, 2013
Net sales	$	1,178.3	$	1,128.5	$	1,021.7	$	1,100.6
Gross profit		411.0		417.1		359.6		381.2
Net income attributable to controlling interest		47.9		78.1		33.8		54.3
Basic earnings per share	$	0.91	$	1.48	$	0.64	$	1.04
Diluted earnings per share	$	0.90	$	1.47	$	0.64	$	1.03

SB/RH Holdings, LLC	Quarter Ended
2015 (in millions)	September 30, 2015		June 28, 2015		March 29, 2015		December 28, 2014
Net sales	$	1,308.1	$	1,247.5	$	1,067.0	$	1,067.8
Gross profit		467.4		458.0		374.7		370.2
Net income attributable to controlling interest		28.4		46.6		29.6		50.8

SB/RH Holdings, LLC	Quarter Ended
2014 (in millions)	September 30, 2014		June 29, 2014		March 30, 2014		December 29, 2013
Net sales	$	1,178.3	$	1,128.5	$	1,021.7	$	1,100.6
Gross profit		411.0		417.1		359.6		381.2
Net income attributable to controlling interest		48.5		78.6		34.9		54.8

123

Signatures

Pursuant to the requirements of Section 13 or 15(d) 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.

SPECTRUM BRANDS HOLDINGS, INC.
By:	/s/    Andreas Rouvé
	Andreas Rouvé
	Chief Executive Officer and Director

DATE: November 20, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated and on the above-stated date.

Signature	Title
/s/    Andreas Rouvé Andreas Rouvé	Chief Executive Officer and Director (Principal Executive Officer)
/s/    Douglas L. Martin Douglas L. Martin	Executive Vice President, Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)
/s/    David M. Maura David M. Maura	Chairman of the Board
/s/    Kenneth C. Ambrecht Kenneth C. Ambrecht	Director
/s/    Eugene I. Davis Eugene I. Davis	Director
/s/    Norman S. Matthews Norman S. Matthews	Director
/s/    Terry L. Polistina Terry L. Polistina	Director
/s/    Hugh R. Rovit Hugh R. Rovit	Director
/s/    Omar Asali Omar Asali	Director
/s/    Joseph S. Steinberg Joseph S. Steinberg	Director

124

Signatures

Pursuant to the requirements of Section 13 or 15(d) 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.

SB/RH HOLDINGS, LLC By: Spectrum Brands Holdings, Inc., its Sole Member
By:	/s/    Andreas Rouvé
	Andreas Rouvé
	Chief Executive Officer and Director

DATE: November 20, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Sole Member of the registrant and in the capacities indicated and on the above-stated date.

Signature	Title
/s/    Andreas Rouvé Andreas Rouvé	Chief Executive Officer and Director (Principal Executive Officer)
/s/    Douglas L. Martin Douglas L. Martin	Executive Vice President, Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)
/s/    David M. Maura David M. Maura	Chairman of the Board
/s/    Kenneth C. Ambrecht Kenneth C. Ambrecht	Director
/s/    Eugene I. Davis Eugene I. Davis	Director
/s/    Norman S. Matthews Norman S. Matthews	Director
/s/    Terry L. Polistina Terry L. Polistina	Director
/s/    Hugh R. Rovit Hugh R. Rovit	Director
/s/    Omar Asali Omar Asali	Director
/s/    Joseph S. Steinberg Joseph S. Steinberg	Director

125

EXHIBIT INDEX

Exhibit 2.1	Acquisition Agreement, dated October 8, 2012, by and between Spectrum Brands, Inc. and Stanley Black & Decker, Inc. (filed by incorporation by reference to Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands, Inc. on October 12, 2012).
Exhibit 2.2	Agreement and Plan of Merger Acquisition Agreement, dated as of April 28, 2015 between Spectrum Brands Holdings, Inc., Armored AutoGroup Parent Inc., Ignite Merger Sub, Inc. and Avista Capital Partners II GP, LLC, as representative for the shareholders and optionholders of Armored AutoGroup Parent Inc. (incorporated herein by reference to Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on April 29, 2015).
Exhibit 3.1	Amended and Restated Certificate of Incorporation of Spectrum Brands Holdings, Inc., effective March 7, 2013 (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on March 7, 2013).
Exhibit 3.2	Second Amended and Restated By-Laws of Spectrum Brands Holdings, Inc., effective as of March 7, 2013, as amended by the First Amendment to the Second Amended and Restated Bylaws, effective as of July 28, 2015 (incorporated by reference to Exhibit 3.2 to the Quarterly Report on Form 10-Q filed with the SEC by Spectrum Brands Holdings, Inc. on August 6, 2015).
Exhibit 3.3	Certificate of Formation of SB/RH Holdings, LLC (incorporated herein by reference to Exhibit 3.29 to the Registration Statement on Form S-4 filed with the SEC by Spectrum Brands, Inc. on December 3, 2013).
Exhibit 3.4	Operating Agreement of SB/RH Holdings, LLC (incorporated herein by reference to Exhibit 3.30 to the Registration Statement on Form S-4 filed with the SEC by Spectrum Brands, Inc. on December 3, 2013).
Exhibit 4.1	Specimen certificate for shares of common stock (filed by incorporation by reference to Exhibit 4.1 to the Registration Statement on Form 8-A filed with the SEC on May 27, 2010).
Exhibit 4.2	Indenture governing Spectrum Brands, Inc.’s 6.375% Senior Notes due 2020 and 6.625% Senior Notes due 2022, dated as of November 16, 2012, between Spectrum Brands Escrow Corp. and US Bank National Association, as trustee (filed by incorporation by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands, Inc. on November 21, 2012).
Exhibit 4.3	Indenture governing Spectrum Brands, Inc.’s 6.125% Senior Notes due 2024, dated as of December 4, 2014, among Spectrum Brands, Inc., the guarantors named therein and US Bank National Association, as trustee (filed by incorporation by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on December 8, 2014).
Exhibit 4.4	Indenture governing Spectrum Brands, Inc.’s 5.750% Senior Notes due 2025, dated as of May 20, 2015, among Spectrum Brands, Inc., the guarantors named therein and US Bank National Association, as trustee (filed by incorporation by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on May 20, 2015).
Exhibit 10.1	2009 Spectrum Brands, Inc. Incentive Plan (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands, Inc. on August 31, 2009).
Exhibit 10.2	Form of Spectrum Brands, Inc. Restricted Stock Award Agreement under the 2009 Incentive Plan (filed by incorporation by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands, Inc. on October 28, 2009).
Exhibit 10.3	Stockholder Agreement, dated as of February 9, 2010, by and among Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Funds, L.P., Global Opportunities Breakaway Ltd., and SB/RH Holdings, LLC (filed by incorporation by reference to Exhibit 10.5 to the Current Report on form 8-K filed with the SEC by Spectrum Brands, Inc. on February 12, 2010).
Exhibit 10.4	Registration Rights Agreement, dated as of February 9, 2010, by and among Spectrum Brands Holdings, Inc., Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Fund, L.P., Global Opportunities Breakaway Ltd., Avenue International Master, L.P., Avenue Investments, L.P., Avenue Special Situations Fund IV, L.P., Avenue Special Situations Fund V, L.P. and Avenue-CDP Global Opportunities Fund, L.P. (filed by incorporation by reference to Exhibit 4.1 to the Registration Statement on Form S-4 filed with the SEC by Spectrum Brands Holdings, Inc. on March 29, 2010).
Exhibit 10.5	Registration Rights Agreement, dated as of December 4, 2014 by and among Spectrum Brands, Inc., the guarantors party thereto and the investors listed on the signature pages thereto, with respect to the 6.125% Notes (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on December 8, 2014).
Exhibit 10.6	Registration Rights Agreement, dated as of May 20, 2015, by and among Spectrum Brands, Inc., the guarantors party thereto and the investors listed on the signature pages thereto, with respect to the 5.750% Notes (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on May 20, 2015).

126

Exhibit 10.7	Credit Agreement, dated as of June 23, 2015, by and among Spectrum Brands, Inc., SB/RH Holdings, LLC, Deutsche Bank AG New York Branch, as administrative agent, and the lenders party thereto from time to time (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by SB/RH Holdings, LLC on June 23, 2015).
Exhibit 10.8	Security Agreement, dated as of June 23, 2015, by and among Spectrum Brands, Inc., SB/RH Holdings, LLC, the subsidiary guarantors party thereto from time to time and Deutsche Bank AG New York Branch, as collateral agent (filed by incorporation by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the SEC by SB/RH Holdings, LLC on June 23, 2015).
Exhibit 10.9	Loan Guaranty, dated as of June 23, 2015, by and among SB/RH Holdings, LLC, the subsidiary guarantors party thereto from time to time and Deutsche Bank AG New York Branch, as administrative agent and collateral agent (filed by incorporation by reference to Exhibit 10.3 to the Current Report on Form 8-K filed with the SEC by SB/RH Holdings, LLC on June 23, 2015).
Exhibit 10.10	Amended and Restated Employment Agreement, entered into as of August 11, 2010, by and among Spectrum Brands, Inc., Spectrum Brands Holdings, Inc. and David R. Lumley (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on August 17, 2010).
Exhibit 10.11	First Amendment, dated as of November 16, 2010, to the Employment Agreement, dated as of August 11, 2010, by and among Spectrum Brands, Inc., Spectrum Brands Holdings, Inc. and David R. Lumley (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on November 22, 2010).
Exhibit 10.12	Retention Agreement, entered into as of April 29, 2014, by and between Spectrum Brands, Inc. and Anthony Genito (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on May 5, 2014).
Exhibit 10.13	Employment Agreement, effective June 9, 2008, by and between Spectrum Brands, Inc. and Anthony L. Genito (filed by incorporation by reference to Exhibit 10.15 to the Quarterly Report on Form 10-Q for the quarterly period ended June 29, 2008, filed with the SEC by Spectrum Brands, Inc. on August 8, 2008).
Exhibit 10.14	Amendment to the Employment Agreement, effective as of February 24, 2009, by and between Spectrum Brands, Inc. and Anthony L. Genito (filed by incorporation by reference to Exhibit 10.22 to the Annual Report on Form 10-K for the fiscal year ended September 30, 2010, filed with the SEC by Spectrum Brands, Inc. on December 29, 2009).
Exhibit 10.15	Description of Second Amendment to the Employment Agreement, effective as of August 28, 2009, by and between Spectrum Brands, Inc. and Anthony L. Genito (filed by incorporation by reference to Exhibit 10.23 to the Annual Report on Form 10-K filed with the SEC by Spectrum Brands, Inc. on December 29, 2009).
Exhibit 10.16	Third Amendment, dated as of November 16, 2010, to the Employment Agreement, dated as of June 9, 2008, by and among Spectrum Brands, Inc. and Anthony L. Genito (filed by incorporation by reference to Exhibit 10.3 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on November 22, 2010).
Exhibit 10.17	Employment Agreement dated September 1, 2014 between Spectrum Brands, Inc. and Douglas L. Martin (filed by incorporation by reference to Exhibit 99.1 to the Current Report on Form 8-K/A filed with the SEC by Spectrum Brands Holdings, Inc. on September 2, 2014).
Exhibit 10.18	Spectrum Brands Holdings, Inc. 2007 Omnibus Equity Award Plan (formerly known as the Russell Hobbs, Inc. 2007 Omnibus Equity Award Plan) (filed by incorporation by reference to Exhibit 10.1 to the Registration Statement on Form S-8 filed with the SEC by Spectrum Brands Holdings, Inc. on June 16, 2010).
Exhibit 10.19	Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan, as amended on January 28, 2014 (filed by incorporation by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on February 3, 2014).
Exhibit 10.20	Severance Agreement, dated as of November 19, 2012, by and between Spectrum Brands, Inc. and Nathan E. Fagre (filed by incorporation by reference to Exhibit 10.47 to the Annual Report on Form 10-K filed with the SEC by Spectrum Brands, Inc. on November 21, 2012).
Exhibit 10.21	Separation Agreement dated December 28, 2012 between Spectrum Brands, Inc. and John Heil (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC on January 3, 2012).
Exhibit 10.22	Registered Director’s Agreement, dated as of August 27, 2007, by and between Andreas Rouve and Rayovac Europe GmbH, as amended on October 1, 2007 (filed by incorporation by reference to Exhibit 99.2 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands Holdings, Inc. on February 11, 2014).
Exhibit 10.23	Separation Agreement dated September 16, 2013 between Spectrum Brands, Inc. and Terry Polistina (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC by Spectrum Brands, Inc. on September 20, 2013).
Exhibit 10.24	Transition Employment Agreement dated January 8, 2015, by and between Spectrum Brands, Inc., Spectrum Brands Holdings, Inc. and David R. Lumley (filed by incorporation by reference to Exhibit 10.3 to the Quarterly Report on Form 10-Q filed with the SEC by Spectrum Brands Holdings, Inc. on February 5, 2015).

127

Exhibit 10.25	Employment Agreement, dated March 16, 2015, among Spectrum Brands Holdings, Inc., Spectrum Brands, Inc. and Andreas Rouve (filed by incorporation by reference to Exhibit 10.2 to the Quarterly Report on Form 10-Q filed with the SEC by Spectrum Brands Holdings, Inc. on May 1, 2015).
Exhibit 21.1	Subsidiaries of Registrant.*
Exhibit 23.1	Consent of Independent Registered Public Accounting Firm.*
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 Linkbase 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 Annual Report on Form 10-K shall be deemed to be “furnished” and not “filed.”

*** Filed herewith, with respect to Spectrum Brands Holdings, Inc. SB/RH Holdings, LLC meets the conditions set forth in General Instruction I(1)(a) and (b) of Form 10-K and has therefore omitted the list of subsidiaries exhibit otherwise required by Item 601 of Regulation S-K as allowed under General Instruction I(2)(b).

128

EX-21.1

Exhibit 21.1

Subsidiary	Jurisdiction
8 in 1 Pet Products GmbH	Germany
AA Group (US) – A LLC	USA (Delaware)
AA Group (US) – B LLC	USA (Delaware)
AAG IDQ Acquisition Corporation	USA (Delaware)
AAG UK Holding Ltd	United Kingdom
AAG UK Parent Ltd	United Kingdom
Anabasis Handelsgesellschaft GmbH	Germany
AO “Spectrum Brands” Russia	Russia
Applica Asia Limited.	Hong Kong
Applica Manufacturing, S. de R.L de C.V.	Mexico
Applica Mexico Holdings, Inc.	USA (Delaware)
Armored Auto (UK) LP	United Kingdom
Armored AutoGroup, Inc.	USA (Delaware)
Armored AutoGroup Australia Pty Ltd	Australia
Armored AutoGroup Canada ULC	Canada
Armored AutoGroup HK Ltd	Hong Kong
Armored AutoGroup Intermediate, Inc.	USA (Delaware)
Armored AutoGroup Malaysia Sdn. Bhd	Malaysia
Armored AutoGroup New Zealand ULC	NZ
Armored AutoGroup Parent, Inc.	USA (Delaware)
Armored AutoGroup Philippines, Inc.	The Philippines
Armored AutoGroup Puerto Rico LLC	Puerto Rico
Armored AutoGroup Sales, Inc.	USA (Delaware)
Armored Auto UK Ltd	United Kingdom
Cannines Supplies de Mexico S. de R.L. de C.V.	Mexico
Carmen Ltd.	United Kingdom
Compañia Agroindustrial Agrocueros S.A.	Ecuador
DH Haden Ltd.	United Kingdom
Dai Neng, Inc.	China
Distribuidora Rayovac Guatemala, S.A.	Guatemala
Distribuidora Rayovac Honduras, S.A.	Honduras
Distribuidora Ray-O-Vac/Varta, S.A. de C.V.	Mexico
Household Products Chile Comercial Limitada	Chile
Household Products Peru S.R.L.	Peru
Iams Europe B.V.	Germany
IDQ Acquisition Corp	USA (Delaware)
IDQ Holdings, Inc.	USA (Delaware)
IDQ Operating, Inc.	USA (New York)
Kent Chamois Company Ltd	United Kingdom
Maanring Holding B.V.	Netherlands
Minera Vidaluz, S.A. de C.V.	Mexico
National Manufacturing Mexico A LLC	USA (Delaware)
National Manufacturing Mexico B LLC	USA (Delaware)
National Opernings, LLC	USA (Pennsylvania)
Paula Grundstücksverwaltungs GmbH & Co. Vermietungs-KG	Germany
Petbelly International LLC	USA (Florida)
Petco Limitada	Columbia
PPC Industries Ltd.	BVI
Products Plus Limited	BWI
Products Plus LLC	USA (Delaware)
Rayovac (UK) Limited	United Kingdom

Exhibit 21.1

Rayovac Argentina S.R.L.	Argentina
Rayovac Costa Rica, S.A.	Costa Rica
Ray-O-Vac de Mexico, S.A. de C.V.	Mexico
Rayovac Dominican Republic, S.A.	Dominican Republic
Rayovac El Salvador, S.A. de C.V.	El Salvador
Rayovac Europe GmbH	Germany
Rayovac Guatemala, S.A.	Guatemala
Rayovac Honduras, S.A.	Honduras
Rayovac Overseas Corp.	BWI
Rayovac Venezuela, S.A.	Venezuela
Remington Asia	BWI
Remington Consumer Products Ltd. (UK)	United Kingdom
Remington Licensing Corporation	USA (Delaware)
ROV German General Partner GmbH	Germany
ROV German Limited GmbH	Germany
ROV Holding, Inc.	USA (Delaware)
ROV International Holdings LLC	USA (Delaware)
Russell Hobbs Deutschland GmbH	Germany
Russell Hobbs Holdings Ltd.	United Kingdom
Russell Hobbs Ltd.	United Kingdom
Russell Hobbs Towers Ltd.	United Kingdom
Salix Animal Health, LLC	USA (Florida)
Salton Australia Pty. Ltd.	Australia
Salton Hong Kong Ltd.	Hong Kong
Salton Italia Srl.	Italy
Salton NZ Ltd.	New Zealand
Salton S.a.r.l.	Luxembourg
Salton UK	United Kingdom
Salton UK Holdings, Ltd.	United Kingdom
SB/RH Holdings, LLC	USA (Delaware)
Schultz Company	USA (Missouri)
Shanghai AAG Automotive Products Trading Co. Ltd	China
Shaser, Inc.	USA (Delaware)
Spectrum Brands (Hong Kong) Limited	Hong Kong
Spectrum Brands (Shenzhen) Ltd.	China
Spectrum Brands (UK) Holdings Limited	United Kingdom
Spectrum Brands (UK) Limited	United Kingdom
Spectrum Brands (Xiamen) Industrial Co., Ltd.	China
Spectrum Brands Appliances (Ireland) Ltd.	Ireland
Spectrum Brands Asia	BWI
Spectrum Brands Australia Pty. Ltd.	Australia
Spectrum Brands Austria Gmbh	Austria
Spectrum Brands Benelux B.V.	Netherlands
Spectrum Brands Brasil Industria e Comercio de Bens de Consumo Ltda	Brazil
Spectrum Brands Bulgaria EOOD	Bulgaria
Spectrum Brands Canada Inc.	Canada
Spectrum Brands Colombia S.A.	Columbia
Spectrum Brands Czech spol. s r.o.	Czech Republic
Spectrum Brands Denmark A/S	Denmark
Spectrum Brands East Asia Holdings Ltd.	Hong Kong
Spectrum Brands Europe GmbH	Germany
Spectrum Brands Finland OY	Finland
Spectrum Brands France S.A.S.	France

Exhibit 21.1

Spectrum Brands HHI (Shenzhen) Co., Ltd	China
Spectrum Brands HHI (Zhongshan) Co., Ltd	China
Spectrum Brands HHI Mexico, S de RL de C.V.	Mexico
Spectrum Brands HK1 Limited	Hong Kong
Spectrum Brands HK2 Limited	Hong Kong
Spectrum Brands Holding B.V.	Netherlands
Spectrum Brands Holdings, Inc.	USA (Delaware)
Spectrum Brands Hrvatska d.o.o.	Croatia
Spectrum Brands Hungaria KFT	Hungary
Spectrum Brands Italia S.r.L.	Italy
Spectrum Brands Japan KK	Japan
Spectrum Brands Lux II S.a.R.L.	Luxembourg
Spectrum Brands Lux S.a.R.L.	Luxembourg
Spectrum Brands New Zealand Ltd.	New Zealand
Spectrum Brands Norway AS	Norway
Spectrum Brands Panama LLC	Panama
Spectrum Brands del Peru S.A.C	Peru
Spectrum Brands Poland Sp.Z.o.o.	Poland
Spectrum Brands Portugal Unipessoal Lda	Portugal
Spectrum Brands Real Estate B.V.	The Netherlands
Spectrum Brands Romania S.r.L.	Romania
Spectrum Brands Schweiz GmbH	Switzerland
Spectrum Brands Singapore Private Limited	Singapore
Spectrum Brands Slovakia spol. s r.o.	Slovakia
Spectrum Brands Spain S.L.	Spain
Spectrum Brands Trgovina, d.o.o.	Slovenia
Spectrum Brands, Inc.	USA (Delaware)
Spectrum China Business Trust	China
SPB Sweden AB	Sweden
STP Products Manufacturing Company	USA (Delaware)
Tell Holdings Hong Kong Limited	Hong Kong
Tetra (UK) Limited	United Kingdom
Tetra GmbH	Germany
Tetra Holding GmbH	Germany
The Armor ALL/STP Products Company	USA (Delaware)
The Fair Manufacturing Co. Ltd.	Cambodia
Toastmaster de Mexico S.A.	Mexico
Tong Lung Metal Industry Co. Ltd.	Taiwan
Tong Lung Philippines Metal Industry Co., Inc.	The Philippines
United Industries Corporation	USA (Delaware)
Varta Consumer Batteries GmbH & Co. KGaA	Germany
Varta Ltd.	United Kingdom
Varta Pilleri Ticaret Ltd. Sirketi	Turkey
Viking Acquisitions, S. de RL de CV	Mexico
Viking Acquisitions Servicios, S de RL de CV	Mexico
Weiser Lock Mexico S de RL CV	Mexico

EX-23.1

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors

Spectrum Brands Holdings, Inc.:

We consent to the incorporation by reference in the registration statements (No. 333-167569, No. 333-167574, No. 333-172598, and No. 333-194139) on Form S-8 and the registration statement (No. 333-203919) on Form S-3ASR of Spectrum Brands Holdings, Inc. of our reports dated November 20, 2015, with respect to the consolidated statements of financial position of Spectrum Brands Holdings, Inc. and subsidiaries as of September 30, 2015 and 2014 and the related consolidated statements of operations, comprehensive income (loss), shareholder’s equity, and cash flows for each of the years in the three-year period ended September 30, 2015, and the effectiveness of internal control over financial reporting as of September 30, 2015, which reports appear in the September 30, 2015 annual report on Form 10-K of Spectrum Brands Holdings, Inc.

Our report dated November 20, 2015, on the effectiveness of internal control over financial reporting as of September 30, 2015, contains an explanatory paragraph that states Spectrum Brands Holdings, Inc. and subsidiaries acquired Armored AutoGroup Parent, Inc. during 2015, and management excluded from its assessment of the effectiveness of Spectrum Brands Holdings, Inc.’s internal control over financial reporting as of September 30, 2015, Armored AutoGroup Parent Inc.’s internal control over financial reporting associated with total assets of $1,543.1 million and total net sales of $160.5 million included in the consolidated financial statements of Spectrum Brands Holdings, Inc. and subsidiaries as of and for the year ended September 30, 2015.  Our audit of internal control over financial reporting of the Company also excluded an evaluation of the internal control over financial reporting of Armored AutoGroup Parent, Inc.

/s/ KPMG LLP

Milwaukee, Wisconsin

November 20, 2015

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Andreas Rouvé, certify that:

1. I have reviewed this annual report on Form 10-K 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 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: November 20, 2015	/s/    Andreas Rouvé
	Andreas Rouvé
	Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Douglas L. Martin, certify that:

1. I have reviewed this annual report on Form 10-K 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 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: November 20, 2015	/s/    Douglas L. Martin
	Douglas L. Martin
	Chief Financial Officer

EX-31.3

Exhibit 31.3

CERTIFICATIONS

I, Andreas Rouvé, certify that:

1. I have reviewed this annual report on Form 10-K 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: November 20, 2015	/s/    Andreas Rouvé
	Andreas Rouvé
	Chief Executive Officer

EX-31.4

Exhibit 31.4

CERTIFICATIONS

I, Douglas L. Martin, certify that:

1. I have reviewed this annual report on Form 10-K 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: November 20, 2015	/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 Annual Report on Form 10-K of Spectrum Brands Holdings, Inc. (the “Company”) for the fiscal year ended September 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Andreas 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 ROUVÉ
Name:	Andreas Rouvé
Title:	Chief Executive Officer
Date:	November 20,  2015

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 Annual Report on Form 10-K of Spectrum Brands Holdings, Inc. (the “Company”) for the fiscal year ended September 30, 2015 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:	November 20, 2015

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 Annual Report on Form 10-K of SB/RH Holdings, LLC (the “Company”) for the fiscal year ended September 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Andreas 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 ROUVÉ
Name:	Andreas Rouvé
Title:	Chief Executive Officer
Date:	November 20,  2015

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 Annual Report on Form 10-K of SB/RH Holdings, LLC (the “Company”) for the fiscal year ended September 30, 2015 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:	November 20, 2015

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

Leases (Tables)

12 Months Ended

Sep. 30, 2015

Leases [Abstract]

Schedule Of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases

(in millions)	Amount
2016	$	39.7
2017		34.8
2018		25.2
2019		19.2
2020		12.0
Thereafter		20.6
Total minimum lease payments	$	151.5

XML

Guarantor Statements - SB/RH (Statement Of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 30, 2014	Jun. 29, 2014	Mar. 30, 2014	Dec. 29, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ 26.4	$ 44.9	$ 27.8	$ 49.8	$ 47.9	$ 78.1	$ 33.8	$ 54.3	$ 149.4	$ 214.5	$ (55.3)
Foreign currency translation gain (loss)									(113.0)	(32.6)	(6.6)
Unrealized gain (loss) on derivative instruments									(13.2)	11.5	(2.5)
Defined benefit pension gain (loss)									(11.0)	(3.6)	4.2
Other comprehensive income (loss), net of tax									(137.2)	(24.7)	(4.9)
Comprehensive income (loss)									12.2	189.8	(60.2)
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.4	0.1
Comprehensive income (loss) attributable to controlling interest									12.4	189.4	(60.3)
SB/RH Holdings, LLC [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ 28.4	$ 46.6	$ 29.6	$ 50.8	$ 48.5	$ 78.6	$ 34.9	$ 54.8	155.8	217.1	(47.5)
Foreign currency translation gain (loss)									(113.0)	(32.5)	(6.6)
Unrealized gain (loss) on derivative instruments									(13.2)	11.5	(2.5)
Defined benefit pension gain (loss)									(11.0)	(3.6)	4.2
Other comprehensive income (loss), net of tax									(137.2)	(24.6)	(4.9)
Comprehensive income (loss)									18.6	192.5	(52.4)
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.4	0.1
Comprehensive income (loss) attributable to controlling interest									18.8	192.1	(52.5)
Parent [Member] | SB/RH Holdings, LLC [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)									155.8	217.1	(47.5)
Foreign currency translation gain (loss)									(112.8)	(32.5)	(6.6)
Unrealized gain (loss) on derivative instruments									(13.2)	11.5	(2.5)
Defined benefit pension gain (loss)									(11.0)	(3.6)	4.2
Other comprehensive income (loss), net of tax									(137.0)	(24.6)	(4.9)
Comprehensive income (loss)									18.8	192.5	(52.4)
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.4	0.1
Comprehensive income (loss) attributable to controlling interest									19.0	192.1	(52.5)
Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)									206.0	211.8	252.1
Foreign currency translation gain (loss)									(113.7)	(32.7)	(6.3)
Unrealized gain (loss) on derivative instruments									(7.9)	11.4	(1.4)
Defined benefit pension gain (loss)									(2.2)	(0.1)	(3.9)
Other comprehensive income (loss), net of tax									(123.8)	(21.4)	(11.6)
Comprehensive income (loss)									82.2	190.4	240.5
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.3	0.1
Comprehensive income (loss) attributable to controlling interest									82.4	190.1	240.4
Non-Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)									166.2	167.7	173.6
Foreign currency translation gain (loss)									(113.7)	(33.6)	(5.8)
Unrealized gain (loss) on derivative instruments									(7.9)	11.7	(1.4)
Defined benefit pension gain (loss)									(2.2)	(0.1)	(3.9)
Other comprehensive income (loss), net of tax									(123.8)	(22.0)	(11.1)
Comprehensive income (loss)									42.4	145.7	162.5
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.3	0.1
Comprehensive income (loss) attributable to controlling interest									42.6	145.4	162.4
Eliminations [Member] | SB/RH Holdings, LLC [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)									(372.2)	(379.5)	(425.7)
Foreign currency translation gain (loss)									227.2	66.3	12.1
Unrealized gain (loss) on derivative instruments									15.8	(23.1)	2.8
Defined benefit pension gain (loss)									4.4	0.2	7.8
Other comprehensive income (loss), net of tax									247.4	43.4	22.7
Comprehensive income (loss)									(124.8)	(336.1)	(403.0)
Comprehensive (loss) income attributable to non-controlling interest									0.4	(0.6)	(0.2)
Comprehensive income (loss) attributable to controlling interest									$ (125.2)	$ (335.5)	$ (402.8)

XML

Acquisitions (Narrative) (Details) $ in Millions						12 Months Ended
	May. 21, 2015 USD ($)	Jan. 16, 2015 USD ($)	Dec. 31, 2014 USD ($)	Oct. 01, 2014 USD ($)	Jan. 02, 2014 USD ($) item	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)
Business Acquisition [Line Items]
Goodwill						$ 2,476.7	$ 1,469.6	$ 1,476.7
Global Batteries & Appliances [Member]
Business Acquisition [Line Items]
Goodwill						348.5	$ 327.4	$ 333.5
Global Auto Care [Member]
Business Acquisition [Line Items]
Goodwill						$ 932.6
Armored AutoGroup [Member]
Business Acquisition [Line Items]
Acquisition date						May 21, 2015
Goodwill	$ 972.1
Goodwill deductible for tax purposes	$ 4.9
Non-recurring interest expense related to extinguishment of debt						$ 35.7
Aquisition and integration related charges						47.3
Non-recurring expense related to fair value adjustment to acqusition date inventory						18.8
Accelerated share based compensation costs incurred as a result of the acquisition						$ 10.4
Armored AutoGroup [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Customer retention rate	95.00%
Estimated income tax rate	38.00%
Discount rate	9.50%
Armored AutoGroup [Member] | Customer Relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Annual expected growth rates	2.00%
Armored AutoGroup [Member] | Customer Relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Annual expected growth rates	12.10%
Armored AutoGroup [Member] | Global Batteries & Appliances [Member]
Business Acquisition [Line Items]
Goodwill	$ 38.9
Armored AutoGroup [Member] | Global Auto Care [Member]
Business Acquisition [Line Items]
Goodwill	$ 933.2
Salix Animal Health LLC [Member]
Business Acquisition [Line Items]
Acquisition date						Jan. 16, 2015
Goodwill		$ 71.5
Goodwill deductible for tax purposes		$ 24.7
Salix Animal Health LLC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Customer retention rate		92.50%
Estimated income tax rate		38.00%
Salix Animal Health LLC [Member] | Customer Relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Annual expected growth rates		0.00%
Discount rate		12.00%
Salix Animal Health LLC [Member] | Customer Relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Annual expected growth rates		12.10%
Discount rate		13.00%
Salix Animal Health LLC [Member] | Cost Approach [Member] | Property, Plant and Equipment [Member]
Business Acquisition [Line Items]
Percentage of property, plant and equipment fair value estimate		98.00%
Salix Animal Health LLC [Member] | Sales Comparison Approach [Member] | Property, Plant and Equipment [Member]
Business Acquisition [Line Items]
Percentage of property, plant and equipment fair value estimate		2.00%
European IAMS And Eukanuba [Member]
Business Acquisition [Line Items]
Acquisition date						Dec. 31, 2014
Goodwill			$ 4.0
European IAMS And Eukanuba [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Estimated income tax rate			25.00%
Discount rate			12.50%
European IAMS And Eukanuba [Member] | Customer Relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Annual expected growth rates			0.00%
Customer retention rate			90.00%
European IAMS And Eukanuba [Member] | Customer Relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Annual expected growth rates			5.60%
Customer retention rate			100.00%
Tell Manufacturing, Inc. [Member]
Business Acquisition [Line Items]
Acquisition date						Oct. 01, 2014
Goodwill				$ 7.1
Tell Manufacturing, Inc. [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Customer retention rate				90.00%
Estimated income tax rate				38.00%
Discount rate				20.00%
Tell Manufacturing, Inc. [Member] | Customer Relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Annual expected growth rates				2.50%
Tell Manufacturing, Inc. [Member] | Customer Relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Annual expected growth rates				7.10%
Tell Manufacturing, Inc. [Member] | Cost Approach [Member] | Property, Plant and Equipment [Member]
Business Acquisition [Line Items]
Percentage of property, plant and equipment fair value estimate				97.00%
Tell Manufacturing, Inc. [Member] | Sales Comparison Approach [Member] | Property, Plant and Equipment [Member]
Business Acquisition [Line Items]
Percentage of property, plant and equipment fair value estimate				3.00%
Liquid Fence [Member]
Business Acquisition [Line Items]
Acquisition date						Jan. 02, 2014
Goodwill					$ 7.1
Number of semi-annual installments | item					4
Number of months within the installments					24 months
Contingent liability					$ 1.5

XML

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2015

Quarterly Results (Unaudited) [Abstract]

Schedule Of Quarterly Results (Unaudited)

Spectrum Brands Holdings, Inc.	Quarter Ended
2015 (in millions, except per share)	September 30, 2015		June 28, 2015		March 29, 2015		December 28, 2014
Net sales	$	1,308.1	$	1,247.5	$	1,067.0	$	1,067.8
Gross profit		467.4		458.0		374.7		370.2
Net income attributable to controlling interest		26.4		44.9		27.8		49.8
Basic earnings per share	$	0.44	$	0.79	$	0.52	$	0.94
Diluted earnings per share	$	0.44	$	0.79	$	0.52	$	0.94

Spectrum Brands Holdings, Inc.	Quarter Ended
2014 (in millions, except per share)	September 30, 2014		June 29, 2014		March 30, 2014		December 29, 2013
Net sales	$	1,178.3	$	1,128.5	$	1,021.7	$	1,100.6
Gross profit		411.0		417.1		359.6		381.2
Net income attributable to controlling interest		47.9		78.1		33.8		54.3
Basic earnings per share	$	0.91	$	1.48	$	0.64	$	1.04
Diluted earnings per share	$	0.90	$	1.47	$	0.64	$	1.03

SB/RH Holdings, LLC	Quarter Ended
2015 (in millions)	September 30, 2015		June 28, 2015		March 29, 2015		December 28, 2014
Net sales	$	1,308.1	$	1,247.5	$	1,067.0	$	1,067.8
Gross profit		467.4		458.0		374.7		370.2
Net income attributable to controlling interest		28.4		46.6		29.6		50.8

SB/RH Holdings, LLC	Quarter Ended
2014 (in millions)	September 30, 2014		June 29, 2014		March 30, 2014		December 29, 2013
Net sales	$	1,178.3	$	1,128.5	$	1,021.7	$	1,100.6
Gross profit		411.0		417.1		359.6		381.2
Net income attributable to controlling interest		48.5		78.6		34.9		54.8

XML

Goodwill And Intangible Assets (Schedule Of Definite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,389.2	$ 1,240.4
Accumulated Amortization	(399.2)	(323.2)
Net	990.0	917.2
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	985.2	877.2
Accumulated Amortization	(247.4)	(204.6)
Net	737.8	672.6
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	238.6	192.2
Accumulated Amortization	(78.1)	(57.6)
Net	160.5	134.6
Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	165.4	171.0
Accumulated Amortization	(73.7)	(61.0)
Net	$ 91.7	$ 110.0

XML

Acquisitions (Summary Of Purchase Price And Purchase Price Allocation) (Details) - USD ($) $ in Millions	May. 21, 2015	Jan. 16, 2015	Dec. 31, 2014	Oct. 01, 2014	Jan. 02, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Business Acquisition [Line Items]
Goodwill						$ 2,476.7	$ 1,469.6	$ 1,476.7
Armored AutoGroup [Member]
Business Acquisition [Line Items]
Cash consideration	$ 929.3
Cash and cash equivalents	30.9
Receivables	156.1
Inventories	84.2
Prepaid expenses and other current assets	8.2
Property, plant and equipment, net	38.3
Goodwill	972.1
Intangible assets	418.0
Deferred charges and other	16.5
Accounts payable and accrued liabilities	(116.1)
Long-term debt	(540.0)
Other long term liabilities	(138.9)
Net assets acquired	$ 929.3
Salix Animal Health LLC [Member]
Business Acquisition [Line Items]
Cash consideration		$ 146.8
Contingent consideration		1.5
Total purchase price		148.3
Cash and cash equivalents		0.5
Receivables		10.7
Inventories		17.0
Prepaid expenses and other current assets		2.5
Property, plant and equipment, net		1.2
Goodwill		71.5
Intangible assets		55.5
Accounts payable and accrued liabilities		(8.5)
Other long term liabilities		(2.1)
Net assets acquired		$ 148.3
European IAMS And Eukanuba [Member]
Business Acquisition [Line Items]
Cash consideration			$ 115.7
Inventories			16.3
Prepaid expenses and other current assets			2.9
Property, plant and equipment, net			58.3
Goodwill			4.0
Intangible assets			39.6
Accounts payable and accrued liabilities			(2.7)
Other long term liabilities			(2.7)
Net assets acquired			$ 115.7
Tell Manufacturing, Inc. [Member]
Business Acquisition [Line Items]
Cash consideration				$ 30.3
Cash and cash equivalents				1.1
Receivables				6.0
Inventories				7.2
Prepaid expenses and other current assets				0.6
Property, plant and equipment, net				1.5
Goodwill				7.1
Intangible assets				12.5
Accounts payable and accrued liabilities				(5.7)
Net assets acquired				$ 30.3
Liquid Fence [Member]
Business Acquisition [Line Items]
Cash consideration					$ 24.8
Promissory note					9.5
Contingent consideration					1.5
Total purchase price					35.8
Cash and cash equivalents					0.1
Receivables					1.1
Inventories					2.1
Property, plant and equipment, net					0.1
Goodwill					7.1
Intangible assets					26.9
Accounts payable and accrued liabilities					(1.6)
Net assets acquired					$ 35.8

XML

Derivatives (Interest Rate Swap Derivative Financial Instruments) (Details) - Derivatives Hedging [Member] - Interest Rate Swaps [Member] - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Amount	$ 300.0	$ 300.0
Remaining Years	1 year 6 months	2 years 6 months

XML

Segment Information (Depreciation And Amortization Relating To Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	$ 170.0	$ 157.6	$ 139.9
SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	170.0	157.6	139.9
Global Batteries & Appliances [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	71.0	73.1	67.2
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	71.0	73.1	67.2
Hardware & Home Improvement [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	39.4	40.4	31.4
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	39.4	40.4	31.4
Global Pet Supplies [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	39.7	31.5	29.6
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	39.7	31.5	29.6
Home & Garden [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	13.3	12.6	11.7
Home & Garden [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	13.3	12.6	11.7
Global Auto Care [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	6.6
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	6.6
Total Segments [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	170.0	157.6	139.9
Total Segments [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	$ 170.0	$ 157.6	$ 139.9

XML

Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2015

Earnings Per Share - SBH [Abstract]

Schedule Of Earnings Per Share

(in millions, except per share amounts)	2015		2014		2013
Numerator
Net income (loss) attributable to controlling interest	$	148.9	$	214.1	$	(55.2)
Denominator
Weighted average common shares outstanding - basic		55.6		52.6	-	52.0
Dilutive shares		0.3		0.7		-
Weighted average common shares outstanding - diluted		55.9		53.3		52.0
Earnings per share
Basic earnings per share	$	2.68	$	4.07	$	(1.06)
Diluted earnings per share	$	2.66	$	4.02	$	(1.06)
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units		0.1		0.1	-	1.1

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Restructuring And Related Charges (Tables)

12 Months Ended

Sep. 30, 2015

Restructuring and Related Cost [Abstract]

Summary Of Restructuring And Related Charges

(in millions)	2015		2014		2013
HHI business rationalization initiatives	$	10.3	$	4.5	$	—
Global expense rationalization initiatives		17.1		13.4		11.3
Global cost reduction initiatives		1.2		1.3		16.4
Other restructuring activities		0.1		3.7		6.3
Total restructuring and related charges	$	28.7	$	22.9	$	34.0
Reported as:
Cost of goods sold	$	2.1	$	3.7	$	10.0
Operating expense		26.6		19.2		24.0

HHI Business Rationalization Initiatives [Member]

Restructuring and Related Cost [Abstract]

Summary Of Costs Incurred By Cost Type

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	—	$	1.3	$	1.3
Operating Expenses:
For the year ended September 30, 2015		(1.5)		10.5		9.0
For the year ended September 30, 2014		4.5		—		4.5
Cumulative costs through September 30, 2015		3.0		11.8		14.8

Rollforward Of Restructuring Accrual

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	—	$	—	$	—
Provisions		4.5		—		4.5
Cash expenditures		—		—		—
Accrual balance at September 30, 2014		4.5		—		4.5
Provisions (adjustments)		(0.9)		1.5		0.6
Cash expenditures		(1.5)		—		(1.5)
Non-cash items		(0.8)		—		(0.8)
Accrual balance at September 30, 2015	$	1.3	$	1.5	$	2.8

Global Expense Rationalization Initiatives [Member]

Restructuring and Related Cost [Abstract]

Summary Of Costs Incurred By Cost Type

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	0.4	$	—	$	0.4
For the year ended September 30, 2014		1.0		—		1.0
For the year ended September 30, 2013		—		—		—
Operating Expenses:
For the year ended September 30, 2015		8.0		8.7		16.7
For the year ended September 30, 2014		5.5		6.9		12.4
For the year ended September 30, 2013		10.2		1.1		11.3
Cumulative costs through September 30, 2015		25.1		16.7		41.8

Summary Of Costs Incurred By Reporting Segment

	Global
	Batteries &		Global Pet
(in millions)	Appliances		Supplies		Corporate		Total
Restructuring and related charges:
For the year ended September 30, 2015	$	8.1	$	8.7	$	0.3	$	17.1
For the year ended September 30, 2014		11.1		1.8		0.5		13.4
For the year ended September 30, 2013		10.0		—		1.3		11.3
Cumulative costs through September 30, 2015		29.2		10.5		2.1		41.8
Future costs to be incurred		1.2		2.7		—		3.9

Rollforward Of Restructuring Accrual

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	7.3	$	-	$	7.3
Provisions		3.5		1.5		5.0
Cash expenditures		(7.0)		-		(7.0)
Non-cash items		0.3		(0.1)		0.2
Accrual balance at September 30, 2014		4.1		1.4		5.5
Provisions		5.9		2.4		8.3
Cash expenditures		(7.0)		(1.5)		(8.5)
Non-cash items		(0.2)		—		(0.2)
Accrual balance at September 30, 2015	$	2.8	$	2.3	$	5.1

Global Cost Reduction Initiatives [Member]

Restructuring and Related Cost [Abstract]

Summary Of Costs Incurred By Cost Type

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	—	$	0.4	$	0.4
For the year ended September 30, 2014		—		0.1		0.1
For the year ended September 30, 2013		0.2		3.3		3.5
Operating Expenses:
For the year ended September 30, 2015		0.1		0.7		0.8
For the year ended September 30, 2014		0.2		1.0		1.2
For the year ended September 30, 2013		6.4		6.5		12.9
Cumulative costs through September 30, 2015		38.4		63.4		101.8

Summary Of Costs Incurred By Reporting Segment

	Global
	Batteries &		Global Pet		Home and
(in millions)	Appliances		Supplies		Garden		Corporate		Total
Restructuring and related charges:
For the year ended September 30, 2015	$	0.4		0.8	$	—	$	—	$	1.2
For the year ended September 30, 2014		0.1		1.2		—		—		1.3
For the year ended September 30, 2013		4.6		11.2		0.6		—		16.4
Cumulative costs as of September 30, 2015		25.8		50.2		18.2		7.6		101.8

Rollforward Of Restructuring Accrual

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	4.9	$	0.4	$	5.3
Provisions		0.2		-		0.2
Cash expenditures		(3.5)		(0.7)		(4.2)
Non-cash items		(0.3)		0.5		0.2
Accrual balance at September 30, 2014		1.3		0.2		1.5
Provisions		0.1		—		0.1
Cash expenditures		(1.0)		(0.2)		(1.2)
Non-cash items		(0.2)		0.1		(0.1)
Accrual balance at September 30, 2015	$	0.2	$	0.1	$	0.3

XML

Derivatives (Commodity Swap Contracts Outstanding) (Details) $ in Millions	12 Months Ended
	Sep. 30, 2015 USD ($) ozt T	Sep. 30, 2014 USD ($) ozt T
Zinc [Member]
Derivative [Line Items]
Notional | T	10.8	8.0
Contract Value	$ 22.2	$ 17.4
Brass [Member]
Derivative [Line Items]
Notional | T	1.8	0.6
Contract Value	$ 8.5	$ 2.8
Silver [Member]
Derivative [Line Items]
Notional | ozt	25.0	25.0
Contract Value	$ 0.4	$ 0.4

XML

Debt (Schedule Of Debt) (Details) € in Millions, CAD in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2015 USD ($)	Jun. 23, 2015 CAD	Jun. 23, 2015 EUR (€)	Jun. 23, 2015 USD ($)	May. 20, 2015 USD ($)	Dec. 04, 2014 USD ($)	Sep. 30, 2014 USD ($)	Dec. 17, 2012 USD ($)
Debt Instrument [Line Items]
Term loan				$ 1,450.0
Total debt	$ 3,977.8						$ 2,997.1
Unamortized discount on debt	(6.8)						(6.3)
Less current portion	(33.8)						(96.7)
Long-term debt	3,937.2						2,894.1
SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Total debt	4,012.5						3,012.9
Unamortized discount on debt	(6.8)						(6.2)
Less current portion	(68.5)						(112.6)
Long-term debt	$ 3,937.2						2,894.1
USD Term Loan [Member]
Debt Instrument [Line Items]
Term loan | CAD		CAD 75
USD Term Loan [Member] | Due September 4, 2017 [Member]
Debt Instrument [Line Items]
Term loan							$ 648.4
Rate							3.00%
Maturity date	Sep. 04, 2017
USD Term Loan [Member] | Due September 4, 2017 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan							$ 648.4
Rate							3.00%
USD Term Loan [Member] | Due September 4, 2019 [Member]
Debt Instrument [Line Items]
Term loan							$ 509.9
Rate							3.60%
Maturity date	Sep. 04, 2019
USD Term Loan [Member] | Due September 4, 2019 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan							$ 509.9
Rate							3.60%
USD Term Loan [Member] | Due June 23, 2022 [Member]
Debt Instrument [Line Items]
Term loan	$ 1,226.9
Rate	3.90%
Maturity date	Jun. 23, 2022
USD Term Loan [Member] | Due June 23, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan	$ 1,226.9
Rate	3.90%
CAD Term Loan [Member] | Due June 23, 2022 [Member]
Debt Instrument [Line Items]
Term loan	$ 55.7
Rate	4.40%
Maturity date	Jun. 23, 2022
CAD Term Loan [Member] | Due June 23, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan	$ 55.7
Rate	4.40%
CAD Term Loan [Member] | Due December 17, 2019 [Member]
Debt Instrument [Line Items]
Term loan							$ 34.2
Rate							5.10%
Maturity date	Dec. 17, 2019
CAD Term Loan [Member] | Due December 17, 2019 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan							$ 34.2
Rate							5.10%
Euro Term Loan [Member]
Debt Instrument [Line Items]
Term loan | €			€ 300
Euro Term Loan [Member] | Due September 4, 2019 [Member]
Debt Instrument [Line Items]
Term loan							$ 283.3
Rate							3.80%
Maturity date	Sep. 04, 2019
Euro Term Loan [Member] | Due September 4, 2019 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan							$ 283.3
Rate							3.80%
Euro Term Loan [Member] | Due June 23, 2022 [Member]
Debt Instrument [Line Items]
Term loan	$ 255.8
Rate	3.50%
Maturity date	Jun. 23, 2022
Euro Term Loan [Member] | Due June 23, 2022 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Term loan	$ 255.8
Rate	3.50%
5.75% Notes, Due July 15, 2025 [Member]
Debt Instrument [Line Items]
Notes					$ 1,000.0
Interest rate	5.75%
Maturity date	Jul. 15, 2025
5.75% Notes, Due July 15, 2025 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes	$ 1,000.0
Rate	5.80%
5.75% Notes, Due July 15, 2025 [Member] | Unsecured Debt [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 1,000.0
Rate	5.80%
6.125% Notes, Due December 15, 2024 [Member]
Debt Instrument [Line Items]
Notes						$ 250.0
Interest rate	6.125%
Maturity date	Dec. 15, 2024
6.125% Notes, Due December 15, 2024 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes	$ 250.0
Rate	6.10%
6.125% Notes, Due December 15, 2024 [Member] | Unsecured Debt [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 250.0
Rate	6.10%
6.375% Notes, Due November 15, 2020 [Member]
Debt Instrument [Line Items]
Notes								$ 520.0
Interest rate	6.375%
Maturity date	Nov. 15, 2020
6.375% Notes, Due November 15, 2020 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes	$ 520.0						$ 520.0
Rate	6.40%						6.40%
6.375% Notes, Due November 15, 2020 [Member] | Unsecured Debt [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
Interest rate	6.625%
Maturity date	Nov. 15, 2022
6.625% Notes, Due November 15, 2022 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes	$ 570.0						$ 570.0
Rate	6.60%						6.60%
6.625% Notes, Due November 15, 2022 [Member] | Unsecured Debt [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes	$ 570.0						$ 570.0
Rate	6.60%						6.60%
6.75% Notes, Due March 15, 2020 [Member]
Debt Instrument [Line Items]
Notes				$ 300.0
Interest rate	6.75%
Maturity date	Mar. 15, 2020
6.75% Notes, Due March 15, 2020 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes							$ 300.0
Rate							6.80%
6.75% Notes, Due March 15, 2020 [Member] | Unsecured Debt [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Notes							$ 300.0
Rate							6.80%
Revolver Facility [Member] | Expiring June 23, 2020 [Member]
Debt Instrument [Line Items]
Maturity date	Jun. 23, 2020
Revolver Facility [Member] | Expiring June 23, 2020 [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Revolver facility
Other Notes And Obligations [Member]
Debt Instrument [Line Items]
Other notes and obligations	$ 11.2						$ 36.6
Rate	10.20%						8.80%
Other Notes And Obligations [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Other notes and obligations	$ 45.9						$ 52.4
Rate	4.90%						6.70%
Obligations Under Capital Leases [Member]
Debt Instrument [Line Items]
Capitalized lease obligations	$ 88.2						$ 94.7
Rate	5.70%						6.10%
Obligations Under Capital Leases [Member] | SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Capitalized lease obligations	$ 88.2						$ 94.7
Rate	5.70%						6.10%

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Employee Benefit Plans (Schedule Of Benefit Payments Expected To Be Paid) (Details) $ in Millions	Sep. 30, 2015 USD ($)
International Defined Benefit Plan [Member]
2016	$ 5.4
2017	5.7
2018	6.1
2019	6.9
2020	6.8
2021-2025	39.4
U.S. Defined Benefit Plan [Member]
2016	3.9
2017	3.8
2018	4.0
2019	4.2
2020	4.2
2021-2025	$ 21.5

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Acquisitions (Summary Of Pro Forma Results) (Details) - Armored AutoGroup [Member] - AAG Adjustment [Member] - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net sales	$ 4,966.2	$ 4,872.4
Pro forma net income	$ 217.3	$ 235.5

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Earnings Per Share - SBH (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 30, 2014	Jun. 29, 2014	Mar. 30, 2014	Dec. 29, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) attributable to controlling interest									$ 148.9	$ 214.1	$ (55.2)
Weighted average common shares outstanding - basic									55.6	52.6	52.0
Dilutive shares									0.3	0.7
Weighted average common shares outstanding - diluted									55.9	53.3	52.0
Basic earnings (loss) per share	$ 0.44	$ 0.79	$ 0.52	$ 0.94	$ 0.91	$ 1.48	$ 0.64	$ 1.04	$ 2.68	$ 4.07	$ (1.06)
Diluted earnings (loss) per share	$ 0.44	$ 0.79	$ 0.52	$ 0.94	$ 0.90	$ 1.47	$ 0.64	$ 1.03	$ 2.66	$ 4.02	$ (1.06)
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive shares excluded from denominator									0.1	0.1	1.1

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Leases (Schedule Of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases) (Details) $ in Millions	Sep. 30, 2015 USD ($)
Leases [Abstract]
2016	$ 39.7
2017	34.8
2018	25.2
2019	19.2
2020	12.0
Thereafter	20.6
Total minimum lease payments	$ 151.5

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Employee Benefit Plans (Components Of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
International Defined Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 2.6	$ 3.0	$ 2.8
Interest cost	6.2	7.4	7.1
Expected return on assets	(5.2)	(5.8)	(5.0)
Curtailment gain	0.7	(0.1)	(0.7)
Recognized net actuarial (gain) loss	1.3	1.4	0.9
Net periodic benefit cost (benefit)	$ 5.6	$ 5.9	$ 5.1
International Defined Benefit Plan [Member] | Minimum [Member]
Weighted average assumptions
Discount rate	2.00%	2.25%	1.75%
Expected return on plan assets	2.00%	4.00%	3.60%
Rate of compensation increase	2.25%	2.25%	2.25%
International Defined Benefit Plan [Member] | Maximum [Member]
Weighted average assumptions
Discount rate	13.50%	12.50%	13.00%
Expected return on plan assets	5.26%	5.76%	5.00%
Rate of compensation increase	5.50%	5.50%	5.50%
U.S. Defined Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.4	$ 0.2	$ 0.2
Interest cost	2.9	3.0	2.8
Expected return on assets	$ (4.5)	$ (4.1)	$ (3.7)
Curtailment gain
Recognized net actuarial (gain) loss	$ 0.2	$ 0.1	$ 1.2
Net periodic benefit cost (benefit)	$ (1.0)	$ (0.8)	$ 0.5
Weighted average assumptions
Discount rate	4.15%	4.65%	3.75%
Expected return on plan assets	7.50%	7.75%	7.75%

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Derivatives (Impact Of Effective And Ineffective Portions Of Cash Flow Hedges And Gain (Loss) Recognized) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ 11.3	$ 13.1	$ (2.0)
Amount of Gain (Loss) Reclassified From AOCI into Income (Effective Portion)	$ 27.5	$ (2.5)	$ 0.9
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Interest Rate Contracts [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ (3.4)	$ (1.6)
Amount of Gain (Loss) Reclassified From AOCI into Income (Effective Portion)	$ (1.9)	$ (0.9)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity Contracts [Member] | Cost Of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ (7.2)	$ 1.9	$ (2.6)
Amount of Gain (Loss) Reclassified From AOCI into Income (Effective Portion)	$ (0.7)	$ 0.8	$ (0.6)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Foreign Exchange Contracts [Member] | Cost Of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ 21.8	$ 12.7	$ (0.3)
Amount of Gain (Loss) Reclassified From AOCI into Income (Effective Portion)	$ 30.0	$ (2.6)	$ 0.6
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Foreign Exchange Contracts [Member] | Net Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ 0.1	$ 0.1	$ 0.9
Amount of Gain (Loss) Reclassified From AOCI into Income (Effective Portion)	$ 0.1	$ 0.2	$ 0.9
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)

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Employee Benefit Plans (Summary Of Allocation Of Pension Plan Assets) (Details)	Sep. 30, 2015	Sep. 30, 2014
International Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	100.00%	100.00%
U.S. Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	100.00%	100.00%
Equity Securities [Member] | International Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	6.00%	6.00%
Equity Securities [Member] | U.S. Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	63.00%	61.00%
Fixed Income Securities [Member] | International Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	25.00%	22.00%
Fixed Income Securities [Member] | U.S. Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	35.00%	37.00%
Other [Member] | International Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	69.00%	72.00%
Other [Member] | U.S. Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan Assets, Actual Allocation	2.00%	2.00%

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Derivatives (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Derivative [Line Items]
Unrealized loss on derivative contracts in AOCL expected to be recognized in September 30, 2016	$ 2.8
Derivatives Hedging [Member] | Foreign Exchange Contracts [Member]
Derivative [Line Items]
Notional Amount	$ 300.6	$ 226.7
Derivatives Hedging [Member] | Interest Rate Swaps [Member]
Derivative [Line Items]
Derivative, fixed interest rate	1.36%
Notional Amount	$ 300.0	300.0
Fair Value Hedging [Member]
Derivative [Line Items]
Credit reserve on derivative assets	0.1	0.1
Posted cash collateral	3.5
Letters of Credit Outstanding, Amount	0.0	0.0
Fair Value Hedging [Member] | Foreign Exchange Contracts [Member]
Derivative [Line Items]
Notional Amount	$ 126.8	108.9
Maximum [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Posted cash collateral		$ 0.1

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Goodwill And Intangible Assets (Schedule Of Future Amortization Expense) (Details) $ in Millions	Sep. 30, 2015 USD ($)
Goodwill And Intangible Assets [Abstract]
2016	$ 93.9
2017	93.0
2018	86.2
2019	85.1
2020	$ 84.9

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Commitments And Contingencies

12 Months Ended

Sep. 30, 2015

Commitments And Contingencies [Abstract]

Commitments And Contingencies

NOTE 17 -COMMITMENTS AND CONTINGENCIES

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

The Company has provided for the estimated costs of $4.4 million and $4.6 million, as of September 30, 2015 and 2014, respectively, associated with environmental remediation activities at some of its current and former manufacturing sites. The Company believes that any additional liability in excess of the amounts provided that may result from resolution of these matters, will not have a material adverse effect on the consolidated financial condition, results of operations or cash flows of the Company.

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Significant Accounting Policies And Practices (Narrative) (Details) $ in Millions	12 Months Ended
	Sep. 30, 2015 USD ($) customer	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)
Significant Accounting Policies [Line Items]
Allowance for uncollectible receivables	$ 44.0	$ 48.6
Debt issuance costs	65.1	51.1
Shipping and handling costs	272.9	260.3	$ 246.1
Advertising costs	35.0	21.4	23.0
Exchange losses on foreign currency transactions	$ 9.6	$ 6.8	$ 9.4
Percentage greater than the largest amount of recognized income tax positions which likely of being realized	50.00%
Major Customer One [Member]
Significant Accounting Policies [Line Items]
Number of major customers accounting for a significant percentage of sales volume | customer	1
Major Customer One [Member] | Net Sales [Member]
Significant Accounting Policies [Line Items]
Concentration risk percentage	15.00%	16.00%	18.00%
Major Customer One [Member] | Trade Accounts Receivable [Member]
Significant Accounting Policies [Line Items]
Concentration risk percentage	16.00%	14.00%
Tradenames [Member]
Significant Accounting Policies [Line Items]
Impairment of indefininte lived intangible assets	$ 0.0	$ 0.0	$ 0.0
Global Batteries & Appliances [Member]
Significant Accounting Policies [Line Items]
Percentage of fair value in excess of carrying value	54.00%
Hardware & Home Improvement [Member]
Significant Accounting Policies [Line Items]
Percentage of fair value in excess of carrying value	38.00%
Global Pet Supplies [Member]
Significant Accounting Policies [Line Items]
Percentage of fair value in excess of carrying value	29.00%
Home & Garden [Member]
Significant Accounting Policies [Line Items]
Percentage of fair value in excess of carrying value	66.00%

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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2015

Income Taxes [Abstract]

Schedule Of Income Tax Expense

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
United States	$	3.4	$	80.7	$	(212.1)	$	9.8	$	83.3	$	(204.3)
Outside the United States		189.9		192.8		184.2		189.9		192.8		184.2
Income (loss) from operations before income taxes	$	193.3	$	273.5	$	(27.9)	$	199.7	$	276.1	$	(20.1)

Schedule Of Components Of Income Tax Expense

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
Current tax expense:
U.S. Federal	$	3.6	$	6.2	$	—	$	3.6	$	6.2	$	—
Foreign		40.4		46.6		47.7		40.4		46.6		47.7
State and local		4.5		4.3		1.3		4.5		4.3		1.3
Total current tax expense		48.5		57.1		49.0		48.5		57.1		49.0
Deferred tax expense:
U.S. Federal		(12.3)		19.7		(23.4)		(12.3)		19.7		(23.4)
Foreign		11.2		(8.2)		2.2		11.2		(8.2)		2.2
State and local		(3.5)		(9.6)		(0.4)		(3.5)		(9.6)		(0.4)
Total deferred tax expense		(4.6)		1.9		(21.6)		(4.6)		1.9		(21.6)
Income tax expense	$	43.9	$	59.0	$	27.4	$	43.9	$	59.0	$	27.4

Schedule Of Reconciliation Of Income Tax Expense

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
U.S. Statutory federal income tax expense (benefit)	$	67.6	$	95.7	$	(9.8)	$	69.9	$	96.6	$	(7.1)
Permanent items		5.2		4.6		10.1		5.2		4.6		10.1
Foreign statutory rate vs. U.S. statutory rate		(33.8)		(28.7)		(25.1)		(33.8)		(28.7)		(25.1)
State income taxes, net of federal effect		1.7		5.4		(11.7)		1.7		5.4		(11.7)
Residual tax on foreign earnings		24.8		90.9		(7.0)		24.8		90.9		(7.0)
Investment in foreign subsidiary		(23.3)		—		—		(23.3)		—		—
Purchase accounting benefit		(22.8)		—		(49.8)		(22.8)		—		(49.8)
Change in valuation allowance		2.6		(115.6)		114.3		0.5		(116.5)		111.6
Unrecognized tax expense		(1.2)		0.5		4.0		(1.2)		0.5		4.0
Foreign tax law changes		—		(7.6)		—		—		(7.6)		—
Nondeductible share based compensation		2.3		1.4		1.7		2.3		1.4		1.7
Adjustment to prior year NOLs		14.4		—		—		14.4		—		—
Return to provision adjustments and other, net		6.4		12.4		0.7		6.2		12.4		0.7
Income tax expense	$	43.9	$	59.0	$	27.4	$	43.9	$	59.0	$	27.4

Schedule Of Deferred Tax Assets and Deferred Tax Liabilities

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
(in millions)	2015		2014		2015		2014
Deferred tax assets
Employee benefits	$	63.2	$	57.7	$	60.9	$	57.0
Restructuring		4.1		7.0		4.1		7.0
Inventories and receivables		35.2		24.9		35.2		24.9
Marketing and promotional accruals		14.4		16.0		14.4		16.0
Prepaid royalty		6.3		6.6		6.3		6.6
Property, plant and equipment		11.6		7.0		11.6		7.0
Unrealized losses		2.7		0.3		2.7		0.3
Intangibles		6.1		6.7		6.1		6.7
Investment in non-US subsidiaries		23.3		—		23.3		—
Net operating loss and credit carry forwards		447.7		507.5		441.6		502.1
Other		32.8		19.5		32.6		19.2
Total deferred tax assets		647.4		653.2		638.8		646.8
Deferred tax liabilities
Property, plant and equipment		27.1		22.6		27.1		22.6
Unrealized gains		18.6		21.2		18.6		21.2
Intangibles		840.8		728.0		840.8		728.0
Taxes on unremitted foreign earnings		2.4		2.6		2.4		2.6
Other		16.3		15.0		16.3		15.0
Total deferred tax liabilities		905.2		789.4		905.2		789.4
Net deferred tax liabilities		(257.8)		(136.2)		(266.4)		(142.6)
Valuation allowance		(305.4)		(333.1)		(296.8)		(326.7)
Net deferred tax liabilities, net valuation allowance	$	(563.2)	$	(469.3)	$	(563.2)	$	(469.3)
Reported as:
Prepaid expenses and other	$	44.7	$	36.7	$	44.7	$	36.7
Deferred charges and other		3.7		10.0		3.7		10.0
Other current liabilities		(4.6)		(2.8)		(4.6)		(2.8)
Deferred taxes (noncurrent liability)		(607.0)		(513.2)		(607.0)		(513.2)

Schedule Of Unrecognized Tax Benefits

(in millions)	2015		2014		2013
Unrecognized tax benefits, beginning of year	$	11.3	$	13.8	$	5.9
Gross increase – tax positions in prior period		4.1		1.5		9.1
Gross decrease – tax positions in prior period		(1.9)		(1.4)		(0.3)
Gross increase – tax positions in current period		1.8		0.7		0.5
Settlements		(0.9)		(2.5)		(0.1)
Lapse of statutes of limitations		(0.3)		(0.8)		(1.3)
Unrecognized tax benefits, end of year	$	14.1	$	11.3	$	13.8

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Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Leases [Abstract]
Rent expense	$ 36.3	$ 40.8	$ 41.8

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Share Based Compensation (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Oct. 21, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 47.6	$ 46.8	$ 43.9
2011 Omnibus Equity Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issuable, net of cancellations				5,626
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	600,000	700,000	700,000
Stock compensation expense	$ 28.1
Restricted Stock Units [Member] | Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	100,000	300,000	100,000
Vesting period	12 months	12 months	1 year
Restricted Stock Units [Member] | Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	200,000	100,000
Vesting period	1 year	1 year
Performance Based RSUs [Member] | Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted			600,000
Vesting period			1 year
Performance Based RSUs [Member] | Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	300,000	300,000
Vesting period	2 years	2 years
SB/RH Holdings, LLC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 41.8	$ 44.9	$ 43.1
SB/RH Holdings, LLC [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	500,000	600,000	700,000
Stock compensation expense	$ 23.2

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Goodwill And Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2015

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, 2013	$	333.5	$	714.7	$	239.1	$	189.4	$	—	$	1,476.7
Liquid Fence acquisition		—		—		—		7.1		—		7.1
Adjustments		—		3.5		—		—		—		3.5
Foreign currency impact		(6.1)		(8.4)		(3.2)		—		—		(17.7)
Balance, as of September 30, 2014		327.4		709.8		235.9		196.5		—		1,469.6
AAG acquisition		38.9		—		—		—		933.2		972.1
European IAMS and Eukanuba acquisition		—		—		4.0		—		—		4.0
Salix acquisition		—		—		71.5		—		—		71.5
Tell Manufacturing acquisition		—		7.1		—		—		—		7.1
Foreign currency impact		(17.8)		(17.4)		(11.8)		—		(0.6)		(47.6)
Balance, as of September 30, 2015	$	348.5	$	699.5	$	299.6	$	196.5	$	932.6	$	2,476.7

Schedule Of Definite-Lived Intangible Assets

	2015						2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	985.2	$	(247.4)	$	737.8	$	877.2	$	(204.6)	$	672.6
Technology assets		238.6		(78.1)		160.5		192.2		(57.6)		134.6
Tradenames		165.4		(73.7)		91.7		171.0		(61.0)		110.0
Total	$	1,389.2	$	(399.2)	$	990.0	$	1,240.4	$	(323.2)	$	917.2

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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Significant Accounting Policies And Practices (Useful Lives For Property, Plant And Equipment) (Details)	12 Months Ended
	Sep. 30, 2015
Minimum [Member] | Building And Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives	20 years
Minimum [Member] | Machinery, Equipment And Other [Member]
Property, Plant and Equipment [Line Items]
Useful lives	2 years
Maximum [Member] | Building And Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives	40 years
Maximum [Member] | Machinery, Equipment And Other [Member]
Property, Plant and Equipment [Line Items]
Useful lives	15 years

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Property, Plant And Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 831.9	$ 693.4
Accumulated depreciation	(324.8)	(264.5)
Property, plant and equipment, net	507.1	428.9
Land, Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	190.9	159.8
Machinery, Equipment And Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	491.9	402.9
Capitalized Leases [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	97.3	98.5
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 51.8	$ 32.2

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Guarantor Statements - SB/RH (Statement Of Operations) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 30, 2014	Jun. 29, 2014	Mar. 30, 2014	Dec. 29, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Income Statements, Captions [Line Items]
Net sales									$ 4,690.4	$ 4,429.1	$ 4,085.6
Cost of Goods Sold									3,018.0	2,856.5	2,685.3
Restructuring and related charges									28.7	22.9	34.0
Gross profit	$ 467.4	$ 458.0	$ 374.7	$ 370.2	$ 411.0	$ 417.1	$ 359.6	$ 381.2	1,670.3	1,568.9	1,390.3
Selling									720.7	678.2	637.0
General and administrative									338.8	321.6	286.4
Research and development									51.3	47.9	43.3
Acquisition and integration related charges									58.8	20.1	48.4
Total operating expenses									1,196.2	1,087.0	1,039.1
Operating income (loss)									474.1	481.9	351.2
Interest expense									271.9	202.1	375.6
Other non-operating (income) expense, net									8.9	6.3	3.5
Income (loss) from operations before income taxes									193.3	273.5	(27.9)
Income tax expense (benefit)									43.9	59.0	27.4
Net income (loss)	26.4	44.9	27.8	49.8	47.9	78.1	33.8	54.3	149.4	214.5	(55.3)
Net income (loss) attributable to non-controlling interest									0.5	0.4	(0.1)
Net income (loss) attributable to controlling interest									148.9	214.1	(55.2)
Cost Of Goods Sold [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									2.1	3.7	10.0
Operating Expenses [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									26.6	19.2	24.0
SB/RH Holdings, LLC [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									4,690.4	4,429.1	4,085.6
Cost of Goods Sold									3,018.0	2,856.5	2,685.3
Restructuring and related charges									28.7	22.9	34.0
Gross profit	467.4	458.0	374.7	370.2	411.0	417.1	359.6	381.2	1,670.3	1,568.9	1,390.3
Selling									720.7	678.2	637.0
General and administrative									332.4	319.0	284.7
Research and development									51.3	47.9	43.3
Acquisition and integration related charges									58.8	20.1	48.4
Total operating expenses									1,189.8	1,084.4	1,037.4
Operating income (loss)									480.5	484.5	352.9
Interest expense									271.9	202.1	369.5
Other non-operating (income) expense, net									8.9	6.3	3.5
Income (loss) from operations before income taxes									199.7	276.1	(20.1)
Income tax expense (benefit)									43.9	59.0	27.4
Net income (loss)	$ 28.4	$ 46.6	$ 29.6	$ 50.8	$ 48.5	$ 78.6	$ 34.9	$ 54.8	155.8	217.1	(47.5)
Net income (loss) attributable to non-controlling interest									0.4	0.3	(0.1)
Net income (loss) attributable to controlling interest									155.4	216.8	(47.4)
SB/RH Holdings, LLC [Member] | Cost Of Goods Sold [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									2.1	3.7	10.0
SB/RH Holdings, LLC [Member] | Operating Expenses [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									26.6	19.2	24.0
Parent [Member] | SB/RH Holdings, LLC [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									2,385.1	626.7	638.7
Cost of Goods Sold									1,657.0	447.7	463.9
Gross profit									728.1	179.0	174.8
Selling									291.4	76.6	73.4
General and administrative									218.8	60.5	74.1
Research and development									33.4	22.3	17.7
Acquisition and integration related charges									40.8	11.7	35.2
Total operating expenses									618.4	179.5	204.7
Operating income (loss)									109.7	(0.5)	(29.9)
Interest expense									235.4	172.2	346.6
Other non-operating (income) expense, net									(207.1)	(213.8)	(248.6)
Income (loss) from operations before income taxes									81.4	41.1	(127.9)
Income tax expense (benefit)									(74.4)	(176.0)	(80.4)
Net income (loss)									155.8	217.1	(47.5)
Net income (loss) attributable to non-controlling interest									0.4	0.3	(0.1)
Net income (loss) attributable to controlling interest									155.4	216.8	(47.4)
Parent [Member] | SB/RH Holdings, LLC [Member] | Operating Expenses [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									34.0	8.4	4.3
Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									759.6	2,141.3	1,178.2
Cost of Goods Sold									492.4	1,434.4	799.9
Gross profit									267.2	704.3	375.9
Selling									89.5	268.5	143.8
General and administrative									40.4	168.9	85.1
Research and development									3.3	12.0	10.1
Acquisition and integration related charges									5.7	8.3	4.7
Total operating expenses									139.5	461.7	254.7
Operating income (loss)									127.7	242.6	121.2
Interest expense									6.9	(0.1)	2.9
Other non-operating (income) expense, net									(151.5)	(163.7)	(180.8)
Income (loss) from operations before income taxes									272.3	406.4	299.1
Income tax expense (benefit)									66.3	194.6	47.0
Net income (loss)									206.0	211.8	252.1
Net income (loss) attributable to non-controlling interest									0.9	0.3	(0.1)
Net income (loss) attributable to controlling interest									205.1	211.5	252.2
Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member] | Cost Of Goods Sold [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges										2.6	2.4
Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member] | Operating Expenses [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									0.6	4.0	11.0
Non-Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									2,534.0	2,449.4	3,123.3
Cost of Goods Sold									1,845.5	1,762.7	2,274.5
Gross profit									686.4	685.6	841.2
Selling									340.8	333.8	420.7
General and administrative									73.2	89.6	125.5
Research and development									14.6	13.6	15.5
Acquisition and integration related charges									12.3	0.1	8.5
Total operating expenses									432.9	443.9	578.9
Operating income (loss)									253.5	241.7	262.3
Interest expense									29.6	30.0	20.0
Other non-operating (income) expense, net									4.8	3.9	7.8
Income (loss) from operations before income taxes									219.1	207.8	234.5
Income tax expense (benefit)									52.9	40.1	60.9
Net income (loss)									166.2	167.7	173.6
Net income (loss) attributable to non-controlling interest									0.9	0.3	(0.1)
Net income (loss) attributable to controlling interest									165.3	167.4	173.7
Non-Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member] | Cost Of Goods Sold [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									2.1	1.1	7.6
Non-Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member] | Operating Expenses [Member]
Condensed Income Statements, Captions [Line Items]
Restructuring and related charges									(8.0)	6.8	8.7
Eliminations [Member] | SB/RH Holdings, LLC [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									(988.3)	(788.3)	(854.6)
Cost of Goods Sold									(976.9)	(788.3)	(853.0)
Gross profit									(11.4)		(1.6)
Selling									(1.0)	(0.7)	(0.9)
Total operating expenses									(1.0)	(0.7)	(0.9)
Operating income (loss)									(10.4)	0.7	(0.7)
Other non-operating (income) expense, net									362.7	379.9	425.1
Income (loss) from operations before income taxes									(373.1)	(379.2)	(425.8)
Income tax expense (benefit)									(0.9)	0.3	(0.1)
Net income (loss)									(372.2)	(379.5)	(425.7)
Net income (loss) attributable to non-controlling interest									(1.8)	(0.6)	0.2
Net income (loss) attributable to controlling interest									$ (370.4)	$ (378.9)	$ (425.9)

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Restructuring And Related Charges (Summary Of Costs Incurred By Cost Type) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 28.7	$ 22.9	$ 34.0
HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	10.3	4.5
Cumulative restructuring and related charges	14.8
HHI Business Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	3.0
HHI Business Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	11.8
Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	17.1	13.4	11.3
Cumulative restructuring and related charges	41.8
Future restructuring and related charges to be incurred	3.9
Global Expense Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	25.1
Global Expense Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	16.7
Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.2	1.3	16.4
Cumulative restructuring and related charges	101.8
Global Cost Reduction Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	38.4
Global Cost Reduction Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	63.4
Cost Of Goods Sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2.1	3.7	$ 10.0
Cost Of Goods Sold [Member] | HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.3
Cost Of Goods Sold [Member] | HHI Business Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.3
Cost Of Goods Sold [Member] | Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	1.0
Cost Of Goods Sold [Member] | Global Expense Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	1.0
Cost Of Goods Sold [Member] | Global Expense Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges
Cost Of Goods Sold [Member] | Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	0.1	$ 3.5
Cost Of Goods Sold [Member] | Global Cost Reduction Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			0.2
Cost Of Goods Sold [Member] | Global Cost Reduction Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	0.1	3.3
Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	26.6	19.2	24.0
Operating Expenses [Member] | HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	9.0	4.5
Operating Expenses [Member] | HHI Business Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(1.5)	4.5
Operating Expenses [Member] | HHI Business Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	10.5
Operating Expenses [Member] | Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	16.7	12.4	11.3
Operating Expenses [Member] | Global Expense Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	8.0	5.5	10.2
Operating Expenses [Member] | Global Expense Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	8.7	6.9	1.1
Operating Expenses [Member] | Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.8	1.2	12.9
Operating Expenses [Member] | Global Cost Reduction Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.1	0.2	6.4
Operating Expenses [Member] | Global Cost Reduction Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 0.7	$ 1.0	$ 6.5

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Guarantor Statements - SB/RH Holdings, LLC (Tables)

12 Months Ended

Sep. 30, 2015

Guarantor Statements - SB/RH [Abstract]

Statement Of Financial Position

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		57.9		15.7		40.5		2.7		116.8
Total current assets		823.3		939.9		1,074.1		(1,105.1)		1,732.2
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		237.2		0.6		27.8		(164.0)		101.6
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	$	6,761.7	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,297.9
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		21.8		110.6		(0.4)		216.5
Total current liabilities		971.9		77.7		494.1		(478.3)		1,065.4
Long-term debt, net of current portion		3,913.9		—		23.3		—		3,937.2
Long-term intercompany debt		16.8		578.7		392.6		(988.1)		—
Deferred income taxes		241.2		440.2		89.6		(164.0)		607.0
Other long-term liabilities		33.3		8.8		73.4		—		115.5
Total liabilities		5,177.1		1,105.4		1,073.0		(1,630.4)		5,725.1
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 shareholder's equity	$	6,761.7	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,297.9

Statement of Financial Position			Guarantor		Nonguarantor
As of September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	4.8	$	11.2	$	176.9	$	—	$	192.9
Trade receivables, net		48.3		157.6		233.1		—		439.0
Intercompany receivables		106.9		937.3		587.0		(1,631.2)		—
Other receivables		2.3		8.3		65.7		—		76.3
Inventories		77.7		313.0		240.4		(6.6)		624.5
Prepaid expenses and other		9.1		48.7		41.0		1.4		100.2
Total current assets		249.1		1,476.1		1,344.1		(1,636.4)		1,432.9
Property, plant and equipment, net		137.7		115.3		175.9		—		428.9
Long-term intercompany receivables		0.7		107.3		41.6		(149.6)		—
Goodwill		67.7		1,030.7		371.2		—		1,469.6
Intangible assets, net		494.1		1,151.7		445.7		—		2,091.5
Deferred charges and other		173.0		(118.0)		33.4		—		88.4
Investments in subsidiaries		4,076.3		1,278.9		0.4		(5,355.6)		—
Total assets	$	5,198.6	$	5,042.0	$	2,412.3	$	(7,141.6)	$	5,511.3
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	75.2	$	6.9	$	30.5	$	—	$	112.6
Accounts payable		76.0		202.5		241.2		—		519.7
Intercompany accounts payable		1,366.0		829.9		81.2		(2,277.1)		—
Accrued wages and salaries		25.6		19.5		43.0		—		88.1
Accrued interest		35.0		—		0.4		—		35.4
Other current liabilities		22.7		52.9		99.2		—		174.8
Total current liabilities		1,600.5		1,111.7		495.5		(2,277.1)		930.6
Long-term debt, net of current portion		2,539.2		8.9		346.0		—		2,894.1
Long-term intercompany debt		16.3		(617.9)		105.2		496.4		—
Deferred income taxes		(52.3)		462.2		103.3		—		513.2
Other long-term liabilities		19.0		0.8		83.4		—		103.2
Total liabilities		4,122.7		965.7		1,133.4		(1,780.7)		4,441.1
Shareholder's equity:
Other equity		1,419.5		3,297.0		1,284.8		(4,587.5)		1,413.8
Accumulated (deficit) earnings		(330.0)		775.4		(13.8)		(761.6)		(330.0)
Accumulated other comprehensive (loss) income		(63.1)		(51.0)		(47.0)		98.0		(63.1)
Total shareholder's equity		1,026.4		4,021.4		1,224.0		(5,251.1)		1,020.7
Non-controlling interest		49.5		54.9		54.9		(109.8)		49.5
Total equity		1,075.9		4,076.3		1,278.9		(5,360.9)		1,070.2
Total liabilities and shareholders' equity	$	5,198.6	$	5,042.0	$	2,412.3	$	(7,141.6)	$	5,511.3

Statement Of Operations

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	2,385.1	$	759.6	$	2,534.0	$	(988.3)	$	4,690.4
Cost of goods sold		1,657.0		492.4		1,845.5		(976.9)		3,018.0
Restructuring and related charges		—		—		2.1		—		2.1
Gross profit		728.1		267.2		686.4		(11.4)		1,670.3
Operating expenses:
Selling		291.4		89.5		340.8		(1.0)		720.7
General and administrative		218.8		40.4		73.2		—		332.4
Research and development		33.4		3.3		14.6		—		51.3
Acquisition and integration related charges		40.8		5.7		12.3		—		58.8
Restructuring and related charges		34.0		0.6		(8.0)		—		26.6
Total operating expense		618.4		139.5		432.9		(1.0)		1,189.8
Operating income (loss)		109.7		127.7		253.5		(10.4)		480.5
Interest expense		235.4		6.9		29.6		—		271.9
Other non-operating (income) expense, net		(207.1)		(151.5)		4.8		362.7		8.9
Income from operations before income taxes		81.4		272.3		219.1		(373.1)		199.7
Income tax expense (benefit)		(74.4)		66.3		52.9		(0.9)		43.9
Net income (loss)		155.8		206.0		166.2		(372.2)		155.8
Net income (loss) attributable to non-controlling interest		0.4		0.9		0.9		(1.8)		0.4
Net income (loss) attributable to controlling interest	$	155.4	$	205.1	$	165.3	$	(370.4)	$	155.4

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	626.7	$	2,141.3	$	2,449.4	$	(788.3)	$	4,429.1
Cost of goods sold		447.7		1,434.4		1,762.7		(788.3)		2,856.5
Restructuring and related charges		—		2.6		1.1		—		3.7
Gross profit		179.0		704.3		685.6		—		1,568.9
Operating expenses:
Selling		76.6		268.5		333.8		(0.7)		678.2
General and administrative		60.5		168.9		89.6		—		319.0
Research and development		22.3		12.0		13.6		—		47.9
Acquisition and integration related charges		11.7		8.3		0.1		—		20.1
Restructuring and related charges		8.4		4.0		6.8		—		19.2
Total operating expense		179.5		461.7		443.9		(0.7)		1,084.4
Operating income (loss)		(0.5)		242.6		241.7		0.7		484.5
Interest expense		172.2		(0.1)		30.0		—		202.1
Other non-operating (income) expense, net		(213.8)		(163.7)		3.9		379.9		6.3
Income from operations before income taxes		41.1		406.4		207.8		(379.2)		276.1
Income tax expense (benefit)		(176.0)		194.6		40.1		0.3		59.0
Net income (loss)		217.1		211.8		167.7		(379.5)		217.1
Net income (loss) attributable to non-controlling interest		0.3		0.3		0.3		(0.6)		0.3
Net income (loss) attributable to controlling interest	$	216.8	$	211.5	$	167.4	$	(378.9)	$	216.8

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	638.7	$	1,178.2	$	3,123.3	$	(854.6)	$	4,085.6
Cost of goods sold		463.9		799.9		2,274.5		(853.0)		2,685.3
Restructuring and related charges		—		2.4		7.6		—		10.0
Gross profit		174.8		375.9		841.2		(1.6)		1,390.3
Operating expenses:
Selling		73.4		143.8		420.7		(0.9)		637.0
General and administrative		74.1		85.1		125.5		—		284.7
Research and development		17.7		10.1		15.5		—		43.3
Acquisition and integration related charges		35.2		4.7		8.5		—		48.4
Restructuring and related charges		4.3		11.0		8.7		—		24.0
Total operating expense		204.7		254.7		578.9		(0.9)		1,037.4
Operating income (loss)		(29.9)		121.2		262.3		(0.7)		352.9
Interest expense		346.6		2.9		20.0		—		369.5
Other non-operating (income) expense, net		(248.6)		(180.8)		7.8		425.1		3.5
Income from operations before income taxes		(127.9)		299.1		234.5		(425.8)		(20.1)
Income tax expense (benefit)		(80.4)		47.0		60.9		(0.1)		27.4
Net income (loss)		(47.5)		252.1		173.6		(425.7)		(47.5)
Net income (loss) attributable to non-controlling interest		(0.1)		(0.1)		(0.1)		0.2		(0.1)
Net income (loss) attributable to controlling interest	$	(47.4)	$	252.2	$	173.7	$	(425.9)	$	(47.4)

Statement Of Comprehensive Income

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	155.8	$	206.0	$	166.2	$	(372.2)	$	155.8
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(112.8)		(113.7)		(113.7)		227.2		(113.0)
Unrealized gain (loss) on derivative instruments		(13.2)		(7.9)		(7.9)		15.8		(13.2)
Defined benefit pension gain (loss)		(11.0)		(2.2)		(2.2)		4.4		(11.0)
Other comprehensive income (loss)		(137.0)		(123.8)		(123.8)		247.4		(137.2)
Comprehensive income (loss)		18.8		82.2		42.4		(124.8)		18.6
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	$	19.0	$	82.4	$	42.6	$	(125.2)	$	18.8

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	217.1	$	211.8	$	167.7	$	(379.5)	$	217.1
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(32.5)		(32.7)		(33.6)		66.3		(32.5)
Unrealized gain (loss) on derivative instruments		11.5		11.4		11.7		(23.1)		11.5
Defined benefit pension gain (loss)		(3.6)		(0.1)		(0.1)		0.2		(3.6)
Other comprehensive income (loss)		(24.6)		(21.4)		(22.0)		43.4		(24.6)
Comprehensive income (loss)		192.5		190.4		145.7		(336.1)		192.5
Comprehensive income (loss) attributable to non-controlling interest		0.4		0.3		0.3		(0.6)		0.4
Comprehensive income (loss) attributable to controlling interest	$	192.1	$	190.1	$	145.4	$	(335.5)	$	192.1

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(47.5)	$	252.1	$	173.6	$	(425.7)	$	(47.5)
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(6.6)		(6.3)		(5.8)		12.1		(6.6)
Unrealized gain (loss) on derivative instruments		(2.5)		(1.4)		(1.4)		2.8		(2.5)
Defined benefit pension gain (loss)		4.2		(3.9)		(3.9)		7.8		4.2
Other comprehensive income (loss)		(4.9)		(11.6)		(11.1)		22.7		(4.9)
Comprehensive income (loss)		(52.4)		240.5		162.5		(403.0)		(52.4)
Comprehensive income (loss) attributable to non-controlling interest		0.1		0.1		0.1		(0.2)		0.1
Comprehensive income (loss) attributable to controlling interest	$	(52.5)	$	240.4	$	162.4	$	(402.8)	$	(52.5)

Statement Of Cash Flows

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(143.5)	$	(770.8)	$	(1,418.8)	$	2,774.9	$	441.8
Cash flows from investing activities
Purchases of property, plant and equipment		(45.7)		(13.5)		(29.9)		—		(89.1)
Business acquisitions, net of cash acquired		(1,026.0)		—		(165.1)		—		(1,191.1)
Proceeds from sales of property, plant and equipment		0.1		—		1.3		—		1.4
Other investing activities		—		—		(0.9)		—		(0.9)
Net cash used by investing activities		(1,071.6)		(13.5)		(194.6)		—		(1,279.7)
Cash flows from financing activities
Proceeds from issuance of debt		3,320.3		—		—		—		3,320.3
Payment of debt		(2,521.2)		—		(292.0)		—		(2,813.2)
Payment of debt issuance costs		(38.1)		—		—		—		(38.1)
Payment of cash dividends to parent		(72.1)		—		—		—		(72.1)
Capital contribution from parent		528.3		—		—		—		528.3
Share based tax withholding payments, net of proceeds upon vesting		(2.6)		—		—		—		(2.6)
Advances related to intercompany transactions		8.7		781.7		1,984.5		(2,774.9)		—
Net cash provided (used) by financing activities		1,223.3		781.7		1,692.5		(2,774.9)		922.6
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		—		—		(2.5)		—		(2.5)
Effect of exchange rate changes on cash and cash equivalents		—		—		(27.2)		—		(27.2)
Net increase (decrease) in cash and cash equivalents		8.2		(2.6)		49.4		—		55.0
Cash and cash equivalents, beginning of period		4.8		11.2		176.9		—		192.9
Cash and cash equivalents, end of period	$	13.0	$	8.6	$	226.3	$	—	$	247.9

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided (used) by operating activities	$	616.6	$	114.4	$	(269.4)	$	(26.9)	$	434.7
Cash flows from investing activities
Purchases of property, plant and equipment		(23.2)		(26.4)		(23.7)		—		(73.3)
Business acquisitions, net of cash acquired		—		(27.6)		—		—		(27.6)
Proceeds from sales of property, plant and equipment		0.1		0.1		9.0		—		9.2
Other investing activities		—		(1.8)		—		—		(1.8)
Net cash used by investing activities		(23.1)		(55.7)		(14.7)		—		(93.5)
Cash flows from financing activities
Proceeds from issuance of debt		230.7		—		309.4		—		540.1
Payment of debt		(764.9)		—		(6.0)		—		(770.9)
Payment of debt issuance costs		(0.5)		—		(4.9)		—		(5.4)
Payment of cash dividends to parent		(77.0)		—		—		—		(77.0)
Share based tax withholding payments, net of proceeds upon vesting		(25.0)		—		—		—		(25.0)
Advances related to intercompany transactions		44.1		(52.9)		(18.1)		26.9		—
Net cash (used) provided by financing activities		(592.6)		(52.9)		280.4		26.9		(338.2)
Effect of exchange rate changes on cash and cash equivalents		—		—		(8.3)		—		(8.3)
Net increase (decrease) in cash and cash equivalents		0.9		5.8		(12.0)		—		(5.3)
Cash and cash equivalents, beginning of period		3.9		5.4		188.9		—		198.2
Cash and cash equivalents, end of period	$	4.8	$	11.2	$	176.9	$	—	$	192.9

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(319.1)	$	727.2	$	337.1	$	(487.0)	$	258.2
Cash flows from investing activities
Purchases of property, plant and equipment		(30.9)		(9.0)		(42.1)		—		(82.0)
Business acquisitions, net of cash acquired		—		(1,351.0)		(42.6)		—		(1,393.6)
Proceeds from sales of property, plant and equipment		0.1		—		0.1		—		0.2
Other investing activities		—		(1.3)		—		—		(1.3)
Net cash used by investing activities		(30.8)		(1,361.3)		(84.6)		—		(1,476.7)
Cash flows from financing activities
Proceeds from issuance of debt		2,934.3		—		103.9		—		3,038.2
Payment of debt		(1,618.2)		—		(15.5)		—		(1,633.7)
Payment of debt issuance costs		(58.7)		—		(2.2)		—		(60.9)
Payment of cash dividends to parent		(88.7)		—		—		—		(88.7)
Capital contribution from parent		28.6		—		—		—		28.6
Share based tax withholding payments, net of proceeds upon vesting		(20.1)		—		—		—		(20.1)
Advances related to intercompany transactions		(830.1)		626.2		(283.1)		487.0		—
Net cash provided (used) by financing activities		347.1		626.2		(196.9)		487.0		1,263.4
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		—		—		(1.9)		—		(1.9)
Effect of exchange rate changes on cash and cash equivalents		—		—		(2.6)		—		(2.6)
Net (decrease) increase in cash and cash equivalents		(2.8)		(7.9)		51.1		—		40.4
Cash and cash equivalents, beginning of period		6.7		13.3		137.8		—		157.8
Cash and cash equivalents, end of period	$	3.9	$	5.4	$	188.9	$	—	$	198.2

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Description Of Business

12 Months Ended

Sep. 30, 2015

Description Of Business [Abstract]

Description Of Business

NOTE 1 - DESCRIPTION OF BUSINESS

Spectrum Brands Holdings, Inc., a Delaware corporation, is a diversified global branded consumer products company. SBH’s common stock trades on the New York Stock Exchange (the “NYSE”) under the symbol “SPB.”  SB/RH Holdings, LLC is a wholly-owned subsidiary of SBH.  SB/RH along with its wholly-owned subsidiary Spectrum Brands, Inc. (“SBI”) issued certain debt guaranteed by domestic subsidiaries of the Company.  See Note 9 “Debt” of Notes to the Consolidated Financial Statements for more information pertaining to debt. 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) Global Pet Supplies, (iii) Home and Garden, (iv) Hardware & Home Improvement 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 18, “Segment Information” of Notes to the Consolidated Financial Statements for more information pertaining to segments.  The following table summarizes the respective product types, brands, and regions for each of the reporting 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(1)	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

⁽¹⁾ On May 21, 2015, the Company acquired Armored AutoGroup Parent, Inc. (“AAG”).  For more information pertaining to the AAG acquisition, see Note 3, “Acquisitions.”

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Restructuring And Related Charges (Summary Of Costs Incurred By Reporting Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 28.7	$ 22.9	$ 34.0
HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	10.3	4.5
Cumulative restructuring and related charges	14.8
Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	17.1	13.4	11.3
Cumulative restructuring and related charges	41.8
Future restructuring and related charges to be incurred	3.9
Global Expense Rationalization Initiatives [Member] | Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.3	0.5	1.3
Cumulative restructuring and related charges	2.1
Global Expense Rationalization Initiatives [Member] | Global Batteries & Appliances [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	8.1	11.1	10.0
Cumulative restructuring and related charges	29.2
Future restructuring and related charges to be incurred	1.2
Global Expense Rationalization Initiatives [Member] | Global Pet Supplies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	8.7	1.8
Cumulative restructuring and related charges	10.5
Future restructuring and related charges to be incurred	2.7
Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.2	1.3	16.4
Cumulative restructuring and related charges	101.8
Global Cost Reduction Initiatives [Member] | Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring and related charges	7.6
Global Cost Reduction Initiatives [Member] | Global Batteries & Appliances [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	0.1	4.6
Cumulative restructuring and related charges	25.8
Global Cost Reduction Initiatives [Member] | Global Pet Supplies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.8	$ 1.2	11.2
Cumulative restructuring and related charges	50.2
Global Cost Reduction Initiatives [Member] | Home & Garden [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			$ 0.6
Cumulative restructuring and related charges	$ 18.2

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Share Based Compensation (Tables)

12 Months Ended

Sep. 30, 2015

Share Based Compensation [Abstract]

Summary Of RSU Activity

	Spectrum Brands Holdings, Inc.					SB/RH Holdings, LLC
		Weighted					Weighted
		Average					Average
		Grant Date		Fair Value			Grant Date		Fair Value
(in millions, except per share data)	Shares	Fair Value		at Grant Date		Shares	Fair Value		at Grant Date
Non-vested restricted stock units at September 30, 2012	1.9	$	28.45	$	55.0	1.9	$	28.45	$	54.9
Granted	0.7		45.97		32.1	0.7		46.18		31.3
Forfeited	(0.3)		30.36		(9.2)	(0.3)		30.36		(9.1)
Vested	(1.2)		28.25		(34.2)	(1.2)		28.19		(34.0)
Non-vested restricted stock units at September 30, 2013	1.1		39.11	$	43.7	1.1		39.12	$	43.1
Granted	0.7		75.50		50.5	0.6		75.82		48.6
Forfeited	—		69.33		(0.4)	—		69.33		(0.4)
Vested	(1.0)		39.69		(37.8)	(0.9)		39.34		(36.7)
Non-vested restricted stock units at September 30, 2014	0.8		67.66	$	56.0	0.8		67.90	$	54.6
Granted	0.6		92.51		52.9	0.5		93.12		42.3
Forfeited	(0.1)		85.16		(5.3)	(0.1)		85.16		(5.3)
Vested	(0.7)		69.00		(50.4)	(0.7)		68.98		(49.5)
Non-vested restricted stock units at September 30, 2015	0.6		87.50	$	53.2	0.5		87.71	$	42.1

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Quarterly Results (Unaudited)

12 Months Ended

Sep. 30, 2015

Quarterly Results (Unaudited) [Abstract]

Quarterly Results (Unaudited)

NOTE 21 -QUARTERLY RESULTS (UNAUDITED)

Spectrum Brands Holdings, Inc.	Quarter Ended
2015 (in millions, except per share)	September 30, 2015		June 28, 2015		March 29, 2015		December 28, 2014
Net sales	$	1,308.1	$	1,247.5	$	1,067.0	$	1,067.8
Gross profit		467.4		458.0		374.7		370.2
Net income attributable to controlling interest		26.4		44.9		27.8		49.8
Basic earnings per share	$	0.44	$	0.79	$	0.52	$	0.94
Diluted earnings per share	$	0.44	$	0.79	$	0.52	$	0.94

Spectrum Brands Holdings, Inc.	Quarter Ended
2014 (in millions, except per share)	September 30, 2014		June 29, 2014		March 30, 2014		December 29, 2013
Net sales	$	1,178.3	$	1,128.5	$	1,021.7	$	1,100.6
Gross profit		411.0		417.1		359.6		381.2
Net income attributable to controlling interest		47.9		78.1		33.8		54.3
Basic earnings per share	$	0.91	$	1.48	$	0.64	$	1.04
Diluted earnings per share	$	0.90	$	1.47	$	0.64	$	1.03

SB/RH Holdings, LLC	Quarter Ended
2015 (in millions)	September 30, 2015		June 28, 2015		March 29, 2015		December 28, 2014
Net sales	$	1,308.1	$	1,247.5	$	1,067.0	$	1,067.8
Gross profit		467.4		458.0		374.7		370.2
Net income attributable to controlling interest		28.4		46.6		29.6		50.8

SB/RH Holdings, LLC	Quarter Ended
2014 (in millions)	September 30, 2014		June 29, 2014		March 30, 2014		December 29, 2013
Net sales	$	1,178.3	$	1,128.5	$	1,021.7	$	1,100.6
Gross profit		411.0		417.1		359.6		381.2
Net income attributable to controlling interest		48.5		78.6		34.9		54.8

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Guarantor Statements - SB/RH Holdings, LLC

12 Months Ended

Sep. 30, 2015

Guarantor Statements - SB/RH [Abstract]

Guarantor Statements - SB/RH Holdings, LLC

NOTE 20 – GUARANTOR STATEMENTS – SB/RH

SBI and SB/RH (collectively, the “Parent”), with their domestic subsidiaries as guarantors, has issued the 6.375% Notes and the 6.625% Notes under the 2020/22 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 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 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		57.9		15.7		40.5		2.7		116.8
Total current assets		823.3		939.9		1,074.1		(1,105.1)		1,732.2
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		237.2		0.6		27.8		(164.0)		101.6
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	$	6,761.7	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,297.9
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		21.8		110.6		(0.4)		216.5
Total current liabilities		971.9		77.7		494.1		(478.3)		1,065.4
Long-term debt, net of current portion		3,913.9		—		23.3		—		3,937.2
Long-term intercompany debt		16.8		578.7		392.6		(988.1)		—
Deferred income taxes		241.2		440.2		89.6		(164.0)		607.0
Other long-term liabilities		33.3		8.8		73.4		—		115.5
Total liabilities		5,177.1		1,105.4		1,073.0		(1,630.4)		5,725.1
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 shareholder's equity	$	6,761.7	$	4,255.4	$	2,168.9	$	(5,888.1)	$	7,297.9

Statement of Financial Position			Guarantor		Nonguarantor
As of September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	4.8	$	11.2	$	176.9	$	—	$	192.9
Trade receivables, net		48.3		157.6		233.1		—		439.0
Intercompany receivables		106.9		937.3		587.0		(1,631.2)		—
Other receivables		2.3		8.3		65.7		—		76.3
Inventories		77.7		313.0		240.4		(6.6)		624.5
Prepaid expenses and other		9.1		48.7		41.0		1.4		100.2
Total current assets		249.1		1,476.1		1,344.1		(1,636.4)		1,432.9
Property, plant and equipment, net		137.7		115.3		175.9		—		428.9
Long-term intercompany receivables		0.7		107.3		41.6		(149.6)		—
Goodwill		67.7		1,030.7		371.2		—		1,469.6
Intangible assets, net		494.1		1,151.7		445.7		—		2,091.5
Deferred charges and other		173.0		(118.0)		33.4		—		88.4
Investments in subsidiaries		4,076.3		1,278.9		0.4		(5,355.6)		—
Total assets	$	5,198.6	$	5,042.0	$	2,412.3	$	(7,141.6)	$	5,511.3
Liabilities and Shareholder's Equity
Current liabilities:
Current portion of long-term debt	$	75.2	$	6.9	$	30.5	$	—	$	112.6
Accounts payable		76.0		202.5		241.2		—		519.7
Intercompany accounts payable		1,366.0		829.9		81.2		(2,277.1)		—
Accrued wages and salaries		25.6		19.5		43.0		—		88.1
Accrued interest		35.0		—		0.4		—		35.4
Other current liabilities		22.7		52.9		99.2		—		174.8
Total current liabilities		1,600.5		1,111.7		495.5		(2,277.1)		930.6
Long-term debt, net of current portion		2,539.2		8.9		346.0		—		2,894.1
Long-term intercompany debt		16.3		(617.9)		105.2		496.4		—
Deferred income taxes		(52.3)		462.2		103.3		—		513.2
Other long-term liabilities		19.0		0.8		83.4		—		103.2
Total liabilities		4,122.7		965.7		1,133.4		(1,780.7)		4,441.1
Shareholder's equity:
Other equity		1,419.5		3,297.0		1,284.8		(4,587.5)		1,413.8
Accumulated (deficit) earnings		(330.0)		775.4		(13.8)		(761.6)		(330.0)
Accumulated other comprehensive (loss) income		(63.1)		(51.0)		(47.0)		98.0		(63.1)
Total shareholder's equity		1,026.4		4,021.4		1,224.0		(5,251.1)		1,020.7
Non-controlling interest		49.5		54.9		54.9		(109.8)		49.5
Total equity		1,075.9		4,076.3		1,278.9		(5,360.9)		1,070.2
Total liabilities and shareholders' equity	$	5,198.6	$	5,042.0	$	2,412.3	$	(7,141.6)	$	5,511.3

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	2,385.1	$	759.6	$	2,534.0	$	(988.3)	$	4,690.4
Cost of goods sold		1,657.0		492.4		1,845.5		(976.9)		3,018.0
Restructuring and related charges		—		—		2.1		—		2.1
Gross profit		728.1		267.2		686.4		(11.4)		1,670.3
Operating expenses:
Selling		291.4		89.5		340.8		(1.0)		720.7
General and administrative		218.8		40.4		73.2		—		332.4
Research and development		33.4		3.3		14.6		—		51.3
Acquisition and integration related charges		40.8		5.7		12.3		—		58.8
Restructuring and related charges		34.0		0.6		(8.0)		—		26.6
Total operating expense		618.4		139.5		432.9		(1.0)		1,189.8
Operating income (loss)		109.7		127.7		253.5		(10.4)		480.5
Interest expense		235.4		6.9		29.6		—		271.9
Other non-operating (income) expense, net		(207.1)		(151.5)		4.8		362.7		8.9
Income from operations before income taxes		81.4		272.3		219.1		(373.1)		199.7
Income tax expense (benefit)		(74.4)		66.3		52.9		(0.9)		43.9
Net income (loss)		155.8		206.0		166.2		(372.2)		155.8
Net income (loss) attributable to non-controlling interest		0.4		0.9		0.9		(1.8)		0.4
Net income (loss) attributable to controlling interest	$	155.4	$	205.1	$	165.3	$	(370.4)	$	155.4

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	626.7	$	2,141.3	$	2,449.4	$	(788.3)	$	4,429.1
Cost of goods sold		447.7		1,434.4		1,762.7		(788.3)		2,856.5
Restructuring and related charges		—		2.6		1.1		—		3.7
Gross profit		179.0		704.3		685.6		—		1,568.9
Operating expenses:
Selling		76.6		268.5		333.8		(0.7)		678.2
General and administrative		60.5		168.9		89.6		—		319.0
Research and development		22.3		12.0		13.6		—		47.9
Acquisition and integration related charges		11.7		8.3		0.1		—		20.1
Restructuring and related charges		8.4		4.0		6.8		—		19.2
Total operating expense		179.5		461.7		443.9		(0.7)		1,084.4
Operating income (loss)		(0.5)		242.6		241.7		0.7		484.5
Interest expense		172.2		(0.1)		30.0		—		202.1
Other non-operating (income) expense, net		(213.8)		(163.7)		3.9		379.9		6.3
Income from operations before income taxes		41.1		406.4		207.8		(379.2)		276.1
Income tax expense (benefit)		(176.0)		194.6		40.1		0.3		59.0
Net income (loss)		217.1		211.8		167.7		(379.5)		217.1
Net income (loss) attributable to non-controlling interest		0.3		0.3		0.3		(0.6)		0.3
Net income (loss) attributable to controlling interest	$	216.8	$	211.5	$	167.4	$	(378.9)	$	216.8

Statement of Operations			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	638.7	$	1,178.2	$	3,123.3	$	(854.6)	$	4,085.6
Cost of goods sold		463.9		799.9		2,274.5		(853.0)		2,685.3
Restructuring and related charges		—		2.4		7.6		—		10.0
Gross profit		174.8		375.9		841.2		(1.6)		1,390.3
Operating expenses:
Selling		73.4		143.8		420.7		(0.9)		637.0
General and administrative		74.1		85.1		125.5		—		284.7
Research and development		17.7		10.1		15.5		—		43.3
Acquisition and integration related charges		35.2		4.7		8.5		—		48.4
Restructuring and related charges		4.3		11.0		8.7		—		24.0
Total operating expense		204.7		254.7		578.9		(0.9)		1,037.4
Operating income (loss)		(29.9)		121.2		262.3		(0.7)		352.9
Interest expense		346.6		2.9		20.0		—		369.5
Other non-operating (income) expense, net		(248.6)		(180.8)		7.8		425.1		3.5
Income from operations before income taxes		(127.9)		299.1		234.5		(425.8)		(20.1)
Income tax expense (benefit)		(80.4)		47.0		60.9		(0.1)		27.4
Net income (loss)		(47.5)		252.1		173.6		(425.7)		(47.5)
Net income (loss) attributable to non-controlling interest		(0.1)		(0.1)		(0.1)		0.2		(0.1)
Net income (loss) attributable to controlling interest	$	(47.4)	$	252.2	$	173.7	$	(425.9)	$	(47.4)

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	155.8	$	206.0	$	166.2	$	(372.2)	$	155.8
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(112.8)		(113.7)		(113.7)		227.2		(113.0)
Unrealized gain (loss) on derivative instruments		(13.2)		(7.9)		(7.9)		15.8		(13.2)
Defined benefit pension gain (loss)		(11.0)		(2.2)		(2.2)		4.4		(11.0)
Other comprehensive income (loss)		(137.0)		(123.8)		(123.8)		247.4		(137.2)
Comprehensive income (loss)		18.8		82.2		42.4		(124.8)		18.6
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	$	19.0	$	82.4	$	42.6	$	(125.2)	$	18.8

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	217.1	$	211.8	$	167.7	$	(379.5)	$	217.1
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(32.5)		(32.7)		(33.6)		66.3		(32.5)
Unrealized gain (loss) on derivative instruments		11.5		11.4		11.7		(23.1)		11.5
Defined benefit pension gain (loss)		(3.6)		(0.1)		(0.1)		0.2		(3.6)
Other comprehensive income (loss)		(24.6)		(21.4)		(22.0)		43.4		(24.6)
Comprehensive income (loss)		192.5		190.4		145.7		(336.1)		192.5
Comprehensive income (loss) attributable to non-controlling interest		0.4		0.3		0.3		(0.6)		0.4
Comprehensive income (loss) attributable to controlling interest	$	192.1	$	190.1	$	145.4	$	(335.5)	$	192.1

Statement of Comprehensive Income			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(47.5)	$	252.1	$	173.6	$	(425.7)	$	(47.5)
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)		(6.6)		(6.3)		(5.8)		12.1		(6.6)
Unrealized gain (loss) on derivative instruments		(2.5)		(1.4)		(1.4)		2.8		(2.5)
Defined benefit pension gain (loss)		4.2		(3.9)		(3.9)		7.8		4.2
Other comprehensive income (loss)		(4.9)		(11.6)		(11.1)		22.7		(4.9)
Comprehensive income (loss)		(52.4)		240.5		162.5		(403.0)		(52.4)
Comprehensive income (loss) attributable to non-controlling interest		0.1		0.1		0.1		(0.2)		0.1
Comprehensive income (loss) attributable to controlling interest	$	(52.5)	$	240.4	$	162.4	$	(402.8)	$	(52.5)

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2015 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(143.5)	$	(770.8)	$	(1,418.8)	$	2,774.9	$	441.8
Cash flows from investing activities
Purchases of property, plant and equipment		(45.7)		(13.5)		(29.9)		—		(89.1)
Business acquisitions, net of cash acquired		(1,026.0)		—		(165.1)		—		(1,191.1)
Proceeds from sales of property, plant and equipment		0.1		—		1.3		—		1.4
Other investing activities		—		—		(0.9)		—		(0.9)
Net cash used by investing activities		(1,071.6)		(13.5)		(194.6)		—		(1,279.7)
Cash flows from financing activities
Proceeds from issuance of debt		3,320.3		—		—		—		3,320.3
Payment of debt		(2,521.2)		—		(292.0)		—		(2,813.2)
Payment of debt issuance costs		(38.1)		—		—		—		(38.1)
Payment of cash dividends to parent		(72.1)		—		—		—		(72.1)
Capital contribution from parent		528.3		—		—		—		528.3
Share based tax withholding payments, net of proceeds upon vesting		(2.6)		—		—		—		(2.6)
Advances related to intercompany transactions		8.7		781.7		1,984.5		(2,774.9)		—
Net cash provided (used) by financing activities		1,223.3		781.7		1,692.5		(2,774.9)		922.6
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		—		—		(2.5)		—		(2.5)
Effect of exchange rate changes on cash and cash equivalents		—		—		(27.2)		—		(27.2)
Net increase (decrease) in cash and cash equivalents		8.2		(2.6)		49.4		—		55.0
Cash and cash equivalents, beginning of period		4.8		11.2		176.9		—		192.9
Cash and cash equivalents, end of period	$	13.0	$	8.6	$	226.3	$	—	$	247.9

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2014 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided (used) by operating activities	$	616.6	$	114.4	$	(269.4)	$	(26.9)	$	434.7
Cash flows from investing activities
Purchases of property, plant and equipment		(23.2)		(26.4)		(23.7)		—		(73.3)
Business acquisitions, net of cash acquired		—		(27.6)		—		—		(27.6)
Proceeds from sales of property, plant and equipment		0.1		0.1		9.0		—		9.2
Other investing activities		—		(1.8)		—		—		(1.8)
Net cash used by investing activities		(23.1)		(55.7)		(14.7)		—		(93.5)
Cash flows from financing activities
Proceeds from issuance of debt		230.7		—		309.4		—		540.1
Payment of debt		(764.9)		—		(6.0)		—		(770.9)
Payment of debt issuance costs		(0.5)		—		(4.9)		—		(5.4)
Payment of cash dividends to parent		(77.0)		—		—		—		(77.0)
Share based tax withholding payments, net of proceeds upon vesting		(25.0)		—		—		—		(25.0)
Advances related to intercompany transactions		44.1		(52.9)		(18.1)		26.9		—
Net cash (used) provided by financing activities		(592.6)		(52.9)		280.4		26.9		(338.2)
Effect of exchange rate changes on cash and cash equivalents		—		—		(8.3)		—		(8.3)
Net increase (decrease) in cash and cash equivalents		0.9		5.8		(12.0)		—		(5.3)
Cash and cash equivalents, beginning of period		3.9		5.4		188.9		—		198.2
Cash and cash equivalents, end of period	$	4.8	$	11.2	$	176.9	$	—	$	192.9

Statement of Cash Flows			Guarantor		Nonguarantor
Year ended September 30, 2013 (in millions)	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash (used) provided by operating activities	$	(319.1)	$	727.2	$	337.1	$	(487.0)	$	258.2
Cash flows from investing activities
Purchases of property, plant and equipment		(30.9)		(9.0)		(42.1)		—		(82.0)
Business acquisitions, net of cash acquired		—		(1,351.0)		(42.6)		—		(1,393.6)
Proceeds from sales of property, plant and equipment		0.1		—		0.1		—		0.2
Other investing activities		—		(1.3)		—		—		(1.3)
Net cash used by investing activities		(30.8)		(1,361.3)		(84.6)		—		(1,476.7)
Cash flows from financing activities
Proceeds from issuance of debt		2,934.3		—		103.9		—		3,038.2
Payment of debt		(1,618.2)		—		(15.5)		—		(1,633.7)
Payment of debt issuance costs		(58.7)		—		(2.2)		—		(60.9)
Payment of cash dividends to parent		(88.7)		—		—		—		(88.7)
Capital contribution from parent		28.6		—		—		—		28.6
Share based tax withholding payments, net of proceeds upon vesting		(20.1)		—		—		—		(20.1)
Advances related to intercompany transactions		(830.1)		626.2		(283.1)		487.0		—
Net cash provided (used) by financing activities		347.1		626.2		(196.9)		487.0		1,263.4
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation		—		—		(1.9)		—		(1.9)
Effect of exchange rate changes on cash and cash equivalents		—		—		(2.6)		—		(2.6)
Net (decrease) increase in cash and cash equivalents		(2.8)		(7.9)		51.1		—		40.4
Cash and cash equivalents, beginning of period		6.7		13.3		137.8		—		157.8
Cash and cash equivalents, end of period	$	3.9	$	5.4	$	188.9	$	—	$	198.2

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Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Commitments And Contingencies [Abstract]
Estimated costs associated with environmental remediation activities	$ 4.4	$ 4.6

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Acquisitions (Summary Of Purchase Price Allocated To Intangible Assets And Weighted Average Useful Lives) (Details) - USD ($) $ in Millions						12 Months Ended
	May. 21, 2015	Jan. 16, 2015	Dec. 31, 2014	Oct. 01, 2014	Jan. 02, 2014	Sep. 30, 2015
Armored AutoGroup [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 418.0
Salix Animal Health LLC [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount		$ 55.5
European IAMS And Eukanuba [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount			$ 39.6
Tell Manufacturing, Inc. [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount				$ 12.5
Liquid Fence [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount					$ 26.9
Tradenames [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)						16 years 2 months 12 days
Tradenames [Member] | Salix Animal Health LLC [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount		$ 1.0
Weighted Average Useful Life (Years)		13 years
Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)						11 years 1 month 6 days
Technology [Member] | Armored AutoGroup [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 41.0
Weighted Average Useful Life (Years)	10 years
Technology [Member] | Salix Animal Health LLC [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount		$ 2.1
Weighted Average Useful Life (Years)		17 years
Technology [Member] | European IAMS And Eukanuba [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount			$ 3.6
Weighted Average Useful Life (Years)			8 years
Technology [Member] | Liquid Fence [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount					$ 20.5
Weighted Average Useful Life (Years)					17 years
Licensing Agreements [Member] | Armored AutoGroup [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 19.0
Weighted Average Useful Life (Years)	10 years
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)						18 years 6 months
Customer Relationships [Member] | Armored AutoGroup [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 63.0
Weighted Average Useful Life (Years)	15 years
Customer Relationships [Member] | Salix Animal Health LLC [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount		$ 35.4
Weighted Average Useful Life (Years)		13 years
Customer Relationships [Member] | European IAMS And Eukanuba [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount			$ 10.5
Weighted Average Useful Life (Years)			15 years
Customer Relationships [Member] | Tell Manufacturing, Inc. [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount				$ 8.5
Weighted Average Useful Life (Years)				13 years
Customer Relationships [Member] | Liquid Fence [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount					$ 1.3
Weighted Average Useful Life (Years)					15 years
Tradenames [Member] | Armored AutoGroup [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 295.0
Tradenames [Member] | Salix Animal Health LLC [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount		$ 17.0
Tradenames [Member] | European IAMS And Eukanuba [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount			$ 25.5
Tradenames [Member] | Tell Manufacturing, Inc. [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount				$ 4.0
Tradenames [Member] | Liquid Fence [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying Amount					$ 5.1

XML

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Sep. 30, 2015

Accumulated Other Comprehensive Income [Abstract]

Schedule Of Accumulated Other Comprehensive Income (Loss)

	Foreign				Employee
	Currency		Derivative		Benefit
(in millions)	Translation		Hedging		Plans		Total
Year Ended September 30, 2013
Accumulated other comprehensive (loss) income, as of September 30, 2012	$	(0.2)	$	0.2	$	(33.4)	$	(33.4)
Other comprehensive (loss) income before reclassification		(6.6)		(2.0)		8.1		(0.5)
Amounts reclassified from accumulated other comprehensive (loss) income		—		(0.9)		1.3		0.4
Other comprehensive (loss) income		(6.6)		(2.9)		9.4		(0.1)
Deferred tax effect		—		(0.2)		(5.1)		(5.3)
Deferred tax valuation allowance		—		0.6		(0.1)		0.5
Other comprehensive (loss) income, net of tax		(6.6)		(2.5)		4.2		(4.9)
Other comprehensive (loss) income attributable to non-controlling interest		0.2		—		—		0.2
Other comprehensive (loss) income attributable to controlling interest		(6.8)		(2.5)		4.2		(5.1)
Accumulated other comprehensive (loss) income, as of September 30, 2013		(7.0)		(2.3)		(29.2)		(38.5)
Year Ended September 30, 2014
Other comprehensive (loss) income before reclassification		(32.6)		13.1		(6.6)		(26.1)
Amounts reclassified from accumulated other comprehensive income (loss)		—		2.6		1.4		4.0
Other comprehensive (loss) income, year ended September 30, 2014		(32.6)		15.7		(5.2)		(22.1)
Deferred tax effect		—		(4.2)		2.9		(1.3)
Deferred tax valuation allowance		—		—		(1.3)		(1.3)
Other comprehensive (loss) income, net of tax		(32.6)		11.5		(3.6)		(24.7)
Other comprehensive income (loss) attributable to non-controlling interest		(0.1)		—		—		(0.1)
Other comprehensive income (loss) attributable to controlling interest		(32.5)		11.5		(3.6)		(24.6)
Accumulated other comprehensive income (loss), September 30, 2014		(39.5)		9.2		(32.8)		(63.1)
Year Ended September 30, 2015
Other comprehensive (loss) income before reclassification		(113.0)		11.3		(12.9)		(114.6)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(27.5)		1.4		(26.1)
Other comprehensive (loss) income, year ended September 30, 2015		(113.0)		(16.2)		(11.5)		(140.7)
Deferred tax effect		—		5.2		3.9		9.1
Deferred tax valuation allowance		—		(2.2)		(3.4)		(5.6)
Other comprehensive (loss) income, net of tax		(113.0)		(13.2)		(11.0)		(137.2)
Other comprehensive income (loss) attributable to non-controlling interest		(0.2)		—		—		(0.2)
Other comprehensive income (loss) attributable to controlling interest		(112.8)		(13.2)		(11.0)		(137.0)
Accumulated other comprehensive income (loss), September 30, 2015	$	(152.3)	$	(4.0)	$	(43.8)	$	(200.1)

XML

Significant Accounting Policies And Practices (Policies)

12 Months Ended

Sep. 30, 2015

Significant Accounting Policies And Practices [Abstract]

Principles Of Consolidation And Fiscal Year End

Principles of Consolidation and Fiscal Year End

The consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries and have been prepared in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”). All intercompany transactions have been eliminated.

The Company’s fiscal year ends on September 30.  Throughout the year, the Company reports its results using fiscal quarters whereby each three month quarterly reporting period is approximately thirteen weeks in length and ends on a Sunday.  The exceptions are the first quarter, which begins on October 1, and the fourth quarter, which ends on September 30.  For the year ended September 30, 2015, the fiscal quarters were comprised of the three months ended December 28, 2014, and March 29, June 28 and September 30, 2015.

Use Of Estimates

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financialstatements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash And Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid temporary instruments purchased with original maturities of three months or less from date of purchase to be cash equivalents.

Receivables

Receivables

Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, but generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and will make adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment or return for a given customer.  The allowance for uncollectible receivables as of September 30, 2015 and 2014 was $44.0 million and $48.6 million, respectively.  The following is a rollforward of the allowance for the years ended September 30, 2015, 2014 and 2013:

	Beginning		Charged to				Other		Ending
(in millions)	Balance		Profit & Loss		Deductions		Adjustments		Balance
September 30, 2015	$	48.6	$	6.0	$	(6.3)	$	(4.3)	$	44.0
September 30, 2014	$	37.4	$	7.4	$	(2.4)	$	6.2	$	48.6
September 30, 2013	$	21.9	$	15.5	$	-	$	-	$	37.4

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 major customer represented 15%,  16% and 18% of the Company’s Net Sales during years ended September 30, 2015,  2014 and 2013, respectively. This major customer also represented 16% and 14% of the Company’s Trade Receivables as of September 30, 2015 and 2014, respectively.

Inventories

Inventories

The Company’s inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (FIFO) method.  See Note 6, “Inventory” for further detail.

Property, Plant And Equipment

Property, Plant and Equipment

Property, plant and equipment are recorded at cost.  Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Plant and equipment held under capital leases are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset; such amortization is included in depreciation expense.  The Company uses accelerated depreciation methods for income tax purposes.  Useful lives for property, plant and equipment are as follows:

Asset Type	Range
Buildings and improvements	20 - 40 years
Machinery and equipment	2 - 15 years

Expenditures which substantially increase value or extend useful lives are capitalized.  Expenditures for maintenance and repairs are charged to operations as incurred.  The Company records gains and losses on the disposition or retirement of property, plant and equipment based on the net book value and any proceeds received.

Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable.  Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review.  If such indicators are present, the Company performs undiscounted cash flow analyses to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the year that necessitated an impairment test over property, plant and equipment.  Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

See Note 7, “Property, plant and equipment” for further detail.

Goodwill

Goodwill

Goodwill reflects the excess of acquisition cost over the aggregate fair value assigned to identifiable net assets acquired.  Goodwill is not amortized, but instead is assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified. Goodwill has been assigned to reporting units for purposes of impairment testing based upon the relative fair value of the asset to each reporting unit; our reporting units are consistent with our segments (See Note 18, “Segment Information” for further discussion).  The Company performs its annual impairment test in the fourth quarter of its fiscal year. 

Impairment of goodwill is evaluated using a two-step approach.  In the first step, the fair value of each reporting unit is compared to its carrying value, including goodwill.  In estimating the fair value of our reporting units, we use a discounted cash flow methodology, which requires us to estimate future revenues,  expenses, and capital expenditures and make assumptions about our weighted average cost of capital and perpetuity growth rate, among other variables.  We test the aggregateestimated fair value of our reporting units by comparison to our total market capitalization, including both equity and debt capital. If the fair value of a reporting unit is less than its carrying value, step two is performed.  For step two, the implied fair value of goodwill is calculated by deducting the fair value of all tangible and intangible net assets, including unrecognized intangible assets, of the reporting unit from the fair value of the reporting unit.  If the implied fair value of goodwill is less than its carrying value, an impairment loss would be recognized equal to that excess.  The fair values of the Global Batteries & Appliances, Hardware and Home Improvement, Global Pet Supplies and Home & Garden reporting units exceeded their carrying values by 54%,  38%,  29% and 66%, respectively.  As a result, a step two analysis was not required and there were no reporting units that were deemed at risk of impairment.

As a result of the AAG acquisition in the third quarter of the year ended September 30, 2015, a new reporting unit and segment was established, Global Auto Care.  Due to the recent closing of the acquisition and the measurement of the net assets acquired at fair value in acquisition accounting, a qualitative assessment of the carrying value of goodwill was performed for this reporting unit.  This included evaluation of factors such as macroeconomic conditions, industry and market conditions, cost factors, overall financial performance and reporting unit factors, among others.  Based on its qualitative assessment, management concluded that it is not more likely than not that the fair value of this reporting unit is less than its carrying amount, and a  quantitative impairment test of the acquired goodwill for Global Auto Care was not deemed necessary.

See Note 8 “Goodwill and Intangible Assets” for further detail.

Intangible Assets

Intangible Assets

Intangible assets are recorded at cost or at estimated fair value if acquired in a business combination. Customer lists, proprietary technology and certain trade name intangibles are amortized, using the straight-line method, over their estimated useful lives. The range and weighted average useful lives for definite-lived intangibles 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

Definite-lived intangible assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be recoverable.  If indicators of potential impairment are identified, the Company performs undiscounted cash flow analysis to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows expected to be generated by the asset did not exceed its carrying value.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the years ended September 30, 2015, 2014 and 2013 that necessitated an impairment test over definite-lived intangible assets. 

Certain trade name intangible assets have an indefinite life and are not amortized; but instead are assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified.  The Company performs its annual impairment test in the fourth quarter of its fiscal year.  Impairment of indefinite lived intangible assets is assessed by comparing the estimated fair value of the identified trade names to their carrying value to determine if potential impairment exists.  If the fair value is less than the carrying value, an impairment loss is recorded for the excess.  The fair value of indefinite-lived intangible assets is determined using an income approach, the relief from royalty methodology, which requires us to make estimates and assumptions about future revenues, royalty rates, and the discount rate, among others.  The fair value of our indefinite life tradenames exceeded their carrying values as of the date of our latest annual impairment testing and there was no impairment of our indefinite lived intangible assets for the years ended September 30, 2015, 2014 and 2013. 

See Note 8 “Goodwill and Intangible Assets” for further detail.

Debt Issuance Costs

Debt Issuance Costs

Debt issuance costs are capitalized and amortized to interest expense using the effective interest method over the lives of the related debt agreements.  Debt issuance costs were $65.1 million and $51.1 million as of September 30, 2015 and 2014, respectively, and are included in Deferred Charges and Other Assets in the Consolidated Statements of Financial Position.  Amortization of debt issuance costs is recognized as Interest Expense in the Consolidated Statements of Operations.

Financial Instruments

Financial Instruments

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Derivative assets and liabilities are reported at fair value in the Consolidated Statements of Financial Position.  When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge.  Depending on the nature of derivatives designated as hedging instruments, changes in fair value are either offset against the change in fair value of the hedged assets or liability through earnings or recognized in shareholders’ equity through other comprehensive income until the hedged item is recognized.   Any ineffective portion of a financial instrument’s change in fair value is recognized in earnings. For derivatives that do not qualify for hedge accounting treatment, the change in the fair value is recognized in earnings.  See Note 11, “Derivatives” for further detail.

Treasury Stock

Treasury Stock

Treasury stock purchases are stated at cost and presented as a separate reduction of shareholders’ equity.

Revenue Recognition

Revenue Recognition

The Company recognizes revenue from product sales generally upon delivery to the customer, or at the shipping point in situations where the customer picks up the product or where delivery terms so stipulate. This represents the point at which title and all risks and rewards of ownership of the product are passed, provided that: there are no uncertainties regarding customer acceptance, there is persuasive evidence that an arrangement exists, the price to the buyer is fixed or determinable and ability to collect is deemed reasonably assured. The provision for customer returns is based on historical sales and returns and other relevant information. The Company estimates and accrues the cost of returns, which are treated as a reduction of Net Sales. 

The Company enters into promotional arrangements, primarily with retail customers, that entitle such retailers to earn cash rebates from the Company.  These arrangements require the Company to estimate and accrue the costs of these programs, which are treated as a reduction of Net Sales.

The Company enters into promotional arrangements that target the ultimate consumer. The costs associated with such arrangements are treated as either a reduction in Net Sales or an increase in Cost of Goods Sold, based on the type of promotional program.  The Company monitors its commitments under all promotion arrangements and uses various measures, including past experience, to estimate the earned, but unpaid, promotional costs. The terms of the Company’s customer-related promotional arrangements and programs are tailored to each customer and documented through written contracts, correspondence or other communications with the individual customers.

The Company also enters into various arrangements, primarily with retail customers, which require the Company to make upfront cash, or “slotting” payments, in order to secure the right to distribute through such customers. The Company capitalizes slotting payments provided the payments are supported by a time or volume based arrangement with the retailer, and amortizes the associated payment over the appropriate time or volume-based term of the arrangement. Capitalized slotting payments are reported in the Consolidated Statements of Financial Position as Deferred Charges and Other Assets and related amortization is treated as a reduction in Net Sales.

Shipping And Handling Costs

Shipping and Handling Costs

Shipping and handling costs include costs incurred with third-party carriers to transport products to customers and salaries and overhead costs related to activities to prepare the Company’s products for shipment at the Company’s distribution facilities.  Shipping and handling costs was $272.9 million, $260.3 million and $246.1 million during the years ended September 30, 2015,  2014 and 2013, respectively.  Shipping and handling costs are included in Selling Expenses in the Consolidated Statements of Operations

Advertising Costs

Advertising Costs

Advertising costs include agency fees and other costs to create advertisements, as well as costs paid to third parties to print or broadcast the Company’s advertisements and are expensed as incurred.  The Company incurred advertising costs of $35.0 million, $21.4 million and $23.0 million during the years ended September 30, 2015,  2014 and 2013, respectively. Advertising costs are included in Selling Expenses in the Company’s Consolidated Statements of Operations.

Research And Development Costs

Research and Development Costs

Research and development costs are charged to expense in the period they are incurred.

Environmental Expenditures

Environmental Expenditures

Environmental expenditures that relate to current ongoing operations or to conditions caused by past operations are expensed or capitalized as appropriate. The Company determines its liability for environmental matters on a site-by-site basis and records a liability at the time when it is probable that a liability has been incurred and such liability can be reasonably estimated. The estimated liability is not reduced for possible recoveries from insurance carriers. Estimated environmental remediation expenditures are included in the determination of the net realizable value recorded for assets held for sale.

Restructuring And Related Charges

Restructuring and Related Charges

Restructuring charges include, but are not limited to, the costs of one-time termination benefits such as severance costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs. Related charges, as defined by the Company, include, but are not limited to, other costs directly associated with exit and relocation activities, including impairment of property and other assets, departmental costs of full-time incremental employees, and any other items related to the exit or relocation activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred.

Liabilities from restructuring and related charges are recorded for estimated costs of facility closures, significant organizational adjustments and measures undertaken by management to exit certain activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred. Such liabilities could include amounts for items such as severance costs and related benefits, impairment of property and equipment and other current or long term assets, lease termination payments and any other items directly related to the exit activities.

Restructuring and related charges associated with manufacturing and related initiatives are recorded in Cost of Goods Sold. Restructuring and related charges reflected in Cost of Goods Sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives and other costs directly related to the manufacturing component of the restructuring initiative.  Restructuring and related charges associated with administrative functions are recorded in operating expenses, such as initiatives impacting sales, marketing, distribution or other non-manufacturing related functions. Restructuring and related charges reflected in operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the administrative functions and other costs directly related to the administrative components of the restructuring initiatives implemented.  See Note 4, “Restructuring and Related Charges” for further detail.

Acquisition And Integration Related Charges

Acquisition and Integration Related Charges

Acquisition and integration related charges include, but are not limited to, transaction costs such as banking, legal, accounting and other professional fees directly related to both consummated acquisitions and acquisition targets, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with integration activity.  See Note 3, “Acquisitions” for further detail.

Income Taxes

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income tax expense. 

See Note 13, “Income Taxes” for further detail.

Foreign Currency Translation

Foreign Currency Translation

Local currencies are considered the functional currencies for most of the Company’s operations outside the United States. Assets and liabilities of the Company’s foreign subsidiaries are translated at the rate of exchange existing at year-end, with revenues, expenses and cash flows translated at the average of the monthly exchange rates. Adjustments resulting from translation of the financial statements are recorded as a component of Accumulated other comprehensive income (loss) (“AOCI”). Also included in AOCI are the effects of exchange rate changes on intercompany balances of a long-term investment nature.  See Note 16, “Accumulated Other Comprehensive Income” for further detail.

Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in Other Non-Operating Expense, Net in the Consolidated Statements of Operations in the period they occur. Exchange losses on foreign currency transactions were $9.6 million, $6.8 million, and $9.4 million for the years ended September 30, 2015,  2014 and 2013, respectively.

XML

Significant Accounting Policies And Practices (Tables)

12 Months Ended

Sep. 30, 2015

Significant Accounting Policies And Practices [Abstract]

Schedule Of Trade Accounts Receivable Allowance

	Beginning		Charged to				Other		Ending
(in millions)	Balance		Profit & Loss		Deductions		Adjustments		Balance
September 30, 2015	$	48.6	$	6.0	$	(6.3)	$	(4.3)	$	44.0
September 30, 2014	$	37.4	$	7.4	$	(2.4)	$	6.2	$	48.6
September 30, 2013	$	21.9	$	15.5	$	-	$	-	$	37.4

Useful Lives For Property, Plant And Equipment

Asset Type	Range
Buildings and improvements	20 - 40 years
Machinery and equipment	2 - 15 years

Schedule Of 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

XML

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities
Net income (loss)	$ 149.4	$ 214.5	$ (55.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of intangible assets	87.8	81.7	77.8
Depreciation	82.2	75.9	62.1
Share based compensation	47.6	46.8	43.9
Non-cash inventory adjustment from acquisitions	21.7		31.0
Non-cash restructuring and related charges	19.1	9.2	23.2
Amortization of debt issuance costs	12.6	12.8	13.2
Write off of debt issuance costs on retired debt	11.2	6.4	21.6
Non-cash debt accretion	3.0	3.1	2.5
Write off unamortized discount (premium) on retired debt	1.7	2.8	(5.2)
Note retirement tender, call premium and related costs			111.3
Deferred tax expense (benefit)	(4.6)	1.9	(21.6)
Changes in operating assets and liabilities, net effects of acquisitions and currency:
Receivables	93.4	32.5	(62.3)
Inventories	(54.5)	10.6	(2.7)
Prepaid expenses and other	(3.1)	(0.6)	(4.3)
Accounts payable and accrued liabilities	48.7	(36.5)	(0.8)
Other	(71.9)	(28.4)	22.1
Net cash provided by operating activities	444.3	432.7	256.5
Cash flows from investing activities
Purchases of property, plant and equipment	(89.1)	(73.3)	(82.0)
Business acquisitions, net of cash acquired	(1,191.1)	(27.6)	(1,399.8)
Proceeds from sales of property, plant and equipment	1.4	9.2	0.2
Other investing activities	(0.9)	(1.8)	(1.4)
Net cash used by investing activities	(1,279.7)	(93.5)	(1,483.0)
Cash flows from financing activities
Proceeds from issuance of debt	3,281.4	524.2	3,038.2
Payment of debt	(2,793.1)	(770.9)	(1,633.7)
Payment of debt issuance costs	(38.1)	(5.4)	(60.9)
Payment of cash dividends to parent	(70.7)	(61.9)	(40.1)
Proceeds from issuance of common stock, net of issuance costs	562.7
Treasury stock purchases	(21.2)	(4.5)	(3.2)
Share based tax withholding payments, net of proceeds upon vesting	(2.6)	(25.0)	(20.1)
Net cash provided (used) by financing activities	918.4	(343.5)	1,280.2
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(2.5)		(1.9)
Effect of exchange rate changes on cash and cash equivalents	(27.2)	(8.3)	(2.6)
Net increase (decrease) in cash and cash equivalents	53.3	(12.6)	49.2
Cash and cash equivalents, beginning of period	194.6	207.2	158.0
Cash and cash equivalents, end of period	247.9	194.6	207.2
Supplemental disclsoure of cash flow information
Cash paid for interest	250.3	178.7	336.8
Cash paid for taxes	54.4	80.7	49.6
Non cash financing activity
Assumption of AAG debt	540.0
SB/RH Holdings, LLC [Member]
Cash flows from operating activities
Net income (loss)	155.8	217.1	(47.5)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of intangible assets	87.8	81.7	77.8
Depreciation	82.2	75.9	62.1
Share based compensation	41.8	44.9	43.1
Non-cash inventory adjustment from acquisitions	21.7		31.0
Non-cash restructuring and related charges	19.1	9.2	23.2
Amortization of debt issuance costs	12.6	12.8	13.2
Write off of debt issuance costs on retired debt	11.2	6.4	21.6
Non-cash debt accretion	3.0	3.1	2.5
Write off unamortized discount (premium) on retired debt	1.7	2.8	(5.2)
Note retirement tender, call premium and related costs			111.3
Deferred tax expense (benefit)	(4.6)	1.9	(21.6)
Changes in operating assets and liabilities, net effects of acquisitions and currency:
Receivables	93.4	32.5	(62.3)
Inventories	(54.5)	10.6	(2.7)
Prepaid expenses and other	(3.1)	0.7	(3.7)
Accounts payable and accrued liabilities	48.7	(35.9)	(0.6)
Other	(75.0)	(29.0)	16.0
Net cash provided by operating activities	441.8	434.7	258.2
Cash flows from investing activities
Purchases of property, plant and equipment	(89.1)	(73.3)	(82.0)
Business acquisitions, net of cash acquired	(1,191.1)	(27.6)	(1,393.6)
Proceeds from sales of property, plant and equipment	1.4	9.2	0.2
Other investing activities	(0.9)	(1.8)	(1.3)
Net cash used by investing activities	(1,279.7)	(93.5)	(1,476.7)
Cash flows from financing activities
Proceeds from issuance of debt	3,320.3	540.1	3,038.2
Payment of debt	(2,813.2)	(770.9)	(1,633.7)
Payment of debt issuance costs	(38.1)	(5.4)	(60.9)
Payment of cash dividends to parent	(72.1)	(77.0)	(88.7)
Capital contribution from parent	528.3		28.6
Share based tax withholding payments, net of proceeds upon vesting	(2.6)	(25.0)	(20.1)
Net cash provided (used) by financing activities	922.6	(338.2)	1,263.4
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(2.5)		(1.9)
Effect of exchange rate changes on cash and cash equivalents	(27.2)	(8.3)	(2.6)
Net increase (decrease) in cash and cash equivalents	55.0	(5.3)	40.4
Cash and cash equivalents, beginning of period	192.9	198.2	157.8
Cash and cash equivalents, end of period	247.9	192.9	198.2
Supplemental disclsoure of cash flow information
Cash paid for interest	250.3	178.7	336.8
Cash paid for taxes	54.4	$ 80.7	$ 49.6
Non cash financing activity
Assumption of AAG debt	$ 540.0

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Acquisitions (Tables)

12 Months Ended

Sep. 30, 2015

Business Acquisition [Line Items]

Summary Of Acquisition And Integration Related Charges

(in millions)	2015		2014		2013
Armored AutoGroup	$	21.8	$	—	$	—
Salix		10.7		—		—
HHI Business		12.0		11.0		36.9
European IAMS and Eukanuba		9.3		—		—
Tell		1.9		—		—
Liquid Fence		1.5		3.5		—
Other		1.6		5.6		11.5
Total acquisition and integration related charges	$	58.8	$	20.1	$	48.4

Armored AutoGroup [Member]

Business Acquisition [Line Items]

Summary Of Purchase Price And Purchase Price Allocation

(in millions)	Purchase Price
Cash consideration	$	929.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	30.9
Receivables		156.1
Inventories		84.2
Prepaid expenses and other current assets		8.2
Property, plant and equipment, net		38.3
Goodwill		972.1
Intangible assets		418.0
Deferred charges and other		16.5
Accounts payable and accrued liabilities		(116.1)
Long-term debt		(540.0)
Other long term liabilities		(138.9)
Net assets acquired	$	929.3

Summary Of Purchase Price Allocated To Intangible Assets And Weighted Average Useful Lives

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	295.0	Indefinite
Technology		41.0	10
Licensing agreements		19.0	10
Customer relationships		63.0	15
Total intangibles acquired	$	418.0

Summary Of Pro Forma Results

	2015		2014
(in millions)	(Unaudited)		(Unaudited)
Pro forma net sales	$	4,966.2	$	4,872.4
Pro forma net income	$	217.3	$	235.5

Salix Animal Health LLC [Member]

Business Acquisition [Line Items]

Summary Of Purchase Price And Purchase Price Allocation

(in millions)	Purchase Price
Cash consideration	$	146.8
Contingent consideration		1.5
Total purchase price	$	148.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	0.5
Receivables		10.7
Inventories		17.0
Prepaid expenses and other current assets		2.5
Property, plant and equipment, net		1.2
Goodwill		71.5
Intangible assets		55.5
Accounts payable and accrued liabilities		(8.5)
Other long term liabilities		(2.1)
Net assets acquired	$	148.3

Summary Of Purchase Price Allocated To Intangible Assets And Weighted Average Useful Lives

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	17.0	Indefinite
Definite-lived tradenames		1.0	13
Technology		2.1	17
Customer relationships		35.4	13
Total intangibles acquired	$	55.5

European IAMS And Eukanuba [Member]

Business Acquisition [Line Items]

Summary Of Purchase Price And Purchase Price Allocation

(in millions)	Purchase Price
Cash consideration	$	115.7
(in millions)	Purchase Price Allocation
Inventories	$	16.3
Prepaid expenses and other current assets		2.9
Property, plant and equipment, net		58.3
Goodwill		4.0
Intangible assets		39.6
Accounts payable and accrued liabilities		(2.7)
Other long term liabilities		(2.7)
Net assets acquired	$	115.7

Summary Of Purchase Price Allocated To Intangible Assets And Weighted Average Useful Lives

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	25.5	Indefinite
Technology		3.6	8
Customer relationships		10.5	15
Total intangibles acquired	$	39.6

Tell Manufacturing, Inc. [Member]

Business Acquisition [Line Items]

Summary Of Purchase Price And Purchase Price Allocation

(in millions)	Purchase Price
Cash consideration	$	30.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	1.1
Receivables		6.0
Inventories		7.2
Prepaid expenses and other current assets		0.6
Property, plant and equipment, net		1.5
Goodwill		7.1
Intangible assets		12.5
Accounts payable and accrued liabilities		(5.7)
Net assets acquired	$	30.3

Summary Of Purchase Price Allocated To Intangible Assets And Weighted Average Useful Lives

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	4.0	Indefinite
Customer relationships		8.5	13
Total intangibles acquired	$	12.5

Liquid Fence [Member]

Business Acquisition [Line Items]

Summary Of Purchase Price And Purchase Price Allocation

(in millions)	Purchase Price
Cash consideration	$	24.8
Promissory note		9.5
Contingent consideration		1.5
Total purchase price	$	35.8
(in millions)	Purchase Price Allocation
Cash	$	0.1
Accounts receivable		1.1
Inventories		2.1
Property, plant and equipment, net		0.1
Goodwill		7.1
Intangible assets		26.9
Accounts payable and accrued liabilities		(1.6)
Total assets acquired	$	35.8

Summary Of Purchase Price Allocated To Intangible Assets And Weighted Average Useful Lives

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	5.1	Indefinite
Technology		20.5	17
Customer relationships		1.3	15
Total intangibles acquired	$	26.9

XML

Employee Benefit Plans (Narrative) (Details) $ in Millions	12 Months Ended
	Sep. 30, 2015 USD ($) item	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Net loss in AOCI expected to be recognized during Fiscal 2016	$ 2.4
Defined Contribution Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions charged to operations including discretionary amounts	$ 11.2	$ 12.3	$ 11.1
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement with individual, maximum contractual term	15 years
Number of annual installments | item	15
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement with individual, maximum contractual term	10 years
Amortization period transition obligation	20 years
Projected benefit obligation	$ 0.4	0.4
Other Postretirement Benefits [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Health care benefits accrual age	40 years
Other Postretirement Benefits [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Health care benefits accrual age	65 years
Net periodic cost	$ 0.1	$ 0.1	$ 0.1

XML

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 30, 2014	Jun. 29, 2014	Mar. 30, 2014	Dec. 29, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Net sales	$ 1,308.1	$ 1,247.5	$ 1,067.0	$ 1,067.8	$ 1,178.3	$ 1,128.5	$ 1,021.7	$ 1,100.6
Gross Profit	467.4	458.0	374.7	370.2	411.0	417.1	359.6	381.2	$ 1,670.3	$ 1,568.9	$ 1,390.3
Net income attributable to controlling interest	$ 26.4	$ 44.9	$ 27.8	$ 49.8	$ 47.9	$ 78.1	$ 33.8	$ 54.3	$ 149.4	$ 214.5	$ (55.3)
Basic earning per share	$ 0.44	$ 0.79	$ 0.52	$ 0.94	$ 0.91	$ 1.48	$ 0.64	$ 1.04	$ 2.68	$ 4.07	$ (1.06)
Diluted earnings per share	$ 0.44	$ 0.79	$ 0.52	$ 0.94	$ 0.90	$ 1.47	$ 0.64	$ 1.03	$ 2.66	$ 4.02	$ (1.06)
SB/RH Holdings, LLC [Member]
Net sales	$ 1,308.1	$ 1,247.5	$ 1,067.0	$ 1,067.8	$ 1,178.3	$ 1,128.5	$ 1,021.7	$ 1,100.6
Gross Profit	467.4	458.0	374.7	370.2	411.0	417.1	359.6	381.2	$ 1,670.3	$ 1,568.9	$ 1,390.3
Net income attributable to controlling interest	$ 28.4	$ 46.6	$ 29.6	$ 50.8	$ 48.5	$ 78.6	$ 34.9	$ 54.8	$ 155.8	$ 217.1	$ (47.5)

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Derivatives (Tables)

12 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Interest Rate Swap Derivative Financial Instruments

	2015				2014
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		1.5	$	300.0		2.5

Commodity Swap Contracts Outstanding

	2015				2014
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Zinc swap contracts		10.8 Tons	$	22.2		8.0 Tons	$	17.4
Brass swap contracts		1.8 Ton	$	8.5		0.6 Ton	$	2.8

Fair Value Of Outstanding Derivative Instruments

(in millions)	Line Item	2015		2014
Derivative Assets
Interest rate swaps - designated as hedge	Deferred charges and other	$	—	$	0.6
Commodity swaps - designated as hedge	Receivables—Other		—		1.3
Foreign exchange contracts - designated as hedge	Receivables—Other		5.2		12.0
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.4		0.3
Foreign exchange contracts - not designated as hedge	Receivables—Other		0.4		0.5
Total Derivative Assets		$	6.0	$	14.7
Derivative Liabilities
Interest rate swaps - designated as hedge	Other current liabilities	$	1.4	$	1.3
Interest rate swaps - designated as hedge	Accrued interest		0.4		0.4
Interest rate swaps - designated as hedge	Other long-term  liabilities		0.8		—
Commodity swaps - designated as hedge	Accounts payable		4.7		0.2
Commodity swaps - designated as hedge	Other long-term  liabilities		0.8		—
Commodity swaps - not designated as hedge	Accounts payable		0.1		0.1
Foreign exchange contracts - designated as hedge	Accounts payable		1.5		—
Foreign exchange contracts - not designated as hedge	Accounts payable		0.1		0.1
Total Derivative Liabilities		$	9.8	$	2.1

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

	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(3.4)	Interest expense	$	(1.9)	Interest expense	$	—
Commodity swaps		(7.2)	Cost of goods sold		(0.7)	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		0.1	Net sales		—
Foreign exchange contracts		21.8	Cost of goods sold		30.0	Cost of goods sold		—
Total	$	11.3		$	27.5		$	—
	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2014 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(1.6)	Interest expense	$	(0.9)	Interest expense	$	—
Commodity swaps		1.9	Cost of goods sold		0.8	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		0.2	Net sales		—
Foreign exchange contracts		12.7	Cost of goods sold		(2.6)	Cost of goods sold		—
Total	$	13.1		$	(2.5)		$	—
	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2013 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Commodity swaps	$	(2.6)	Cost of goods sold	$	(0.6)	Cost of goods sold	$	—
Foreign exchange contracts		0.9	Net sales		0.9	Net sales		—
Foreign exchange contracts		(0.3)	Cost of goods sold		0.6	Cost of goods sold		—
Total	$	(2.0)		$	0.9		$	—

Gain (Loss) Associated With Derivative Contracts Not Designated As Hedges

(in millions)	Line Item	2015		2014		2013
Commodity swaps	Cost of goods sold	$	(0.1)	$	(0.1)	$	(0.1)
Foreign exchange contracts	Other expense, net	$	(2.5)	$	3.1		(3.6)
Total		$	(2.6)	$	3.0	$	(3.7)

Fair Value Hedging [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Commodity Swap Contracts Outstanding

	2015				2014
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Silver		25.0 troy oz.	$	0.4		25.0 troy oz.	$	0.4

XML

Significant Accounting Policies And Practices (Schedule Of Definite-Lived Intangible Assets) (Details)	12 Months Ended
	Sep. 30, 2015
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average	18 years 6 months
Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average	11 years 1 month 6 days
Tradenames [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average	16 years 2 months 12 days
Minimum [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Range	2 years
Minimum [Member] | Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Range	4 years
Minimum [Member] | Tradenames [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Range	8 years
Maximum [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Range	20 years
Maximum [Member] | Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Range	18 years
Maximum [Member] | Tradenames [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Range	17 years

XML

Debt (Narrative) (Details) € in Millions, CAD in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Jun. 23, 2015 CAD	Jun. 23, 2015 EUR (€)	Jun. 23, 2015 USD ($)	May. 20, 2015 USD ($)	Dec. 04, 2014 USD ($)	Dec. 17, 2012 USD ($)
Debt Instrument [Line Items]
Senior Notes						$ 1,450.0
Debt issuance costs	$ 65.1	$ 51.1
Payments for debt issuance fees	38.1	5.4	$ 60.9
Write off of debt issuance costs on retired debt	11.2	6.4	21.6
Adjustment to interest expense	1.7	2.8	(5.2)
USD Term Loan [Member]
Debt Instrument [Line Items]
Senior Notes | CAD				CAD 75
Discount on debt issued	5.1
Debt issuance costs	18.5
Capitalized debt issuance costs	8.1
Unamortized debt issuance expense	7.7
Interest expense	$ 10.4
USD Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate floor	0.75%
Percentage over base variable rate	3.00%
USD Term Loan [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	2.00%
CAD Term Loan [Member] | Canadian Dollor Offered Rate (CDOR) [Member]
Debt Instrument [Line Items]
Variable interest rate floor	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]
Debt Instrument [Line Items]
Senior Notes | €					€ 300
Euro Term Loan [Member] | Euro Interbank Offered Rate (EURIBOR) [member]
Debt Instrument [Line Items]
Variable interest rate floor	0.75%
Percentage over base variable rate	2.75%
6.375% Notes, Due November 15, 2020 [Member]
Debt Instrument [Line Items]
Notes									$ 520.0
Interest rate	6.375%
Maturity date	Nov. 15, 2020
Unamortized debt issuance expense			12.9
6.625% Notes, Due November 15, 2022 [Member]
Debt Instrument [Line Items]
Notes									$ 570.0
Interest rate	6.625%
Maturity date	Nov. 15, 2022
Unamortized debt issuance expense			14.1
6.375% Notes And 6.625% Notes [Member]
Debt Instrument [Line Items]
Percentage of holders of aggregate outstanding principal amount to declare acceleration of amounts due in any event of default	25.00%
6.125% Notes, Due December 15, 2024 [Member]
Debt Instrument [Line Items]
Notes								$ 250.0
Interest rate	6.125%
Maturity date	Dec. 15, 2024
Unamortized debt issuance expense	$ 4.6
Debt price as percentage of par value	100.00%
Percentage of aggregate outstanding principal amount needed to declare acceleration of amounts due	25.00%
5.75% Notes, Due July 15, 2025 [Member]
Debt Instrument [Line Items]
Notes							$ 1,000.0
Interest rate	5.75%
Maturity date	Jul. 15, 2025
Unamortized debt issuance expense	$ 19.7
Debt price as percentage of par value	100.00%
Percentage of aggregate outstanding principal amount needed to declare acceleration of amounts due	25.00%
6.75% Notes, Due March 15, 2020 [Member]
Debt Instrument [Line Items]
Notes						300.0
Interest rate	6.75%
Maturity date	Mar. 15, 2020
Unamortized debt issuance expense	$ 16.9
Write off of debt issuance costs on retired debt	4.1
Revolver Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility						$ 500.0
Payments for debt issuance fees	5.7
Interest expense	1.1
Aggregate borrowing availability	467.3
Outstanding letters of credit	$ 32.7
Revolver Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	3.00%
Revolver Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Percentage over base variable rate	2.00%
Minimum [Member] | 6.375% Notes And 6.625% Notes [Member]
Debt Instrument [Line Items]
Debt redemption notice period	30 days
Maximum [Member] | 6.375% Notes And 6.625% Notes [Member]
Debt Instrument [Line Items]
Debt redemption notice period	60 days
Maximum [Member] | 6.125% Notes, Due December 15, 2024 [Member]
Debt Instrument [Line Items]
Percentage of aggregate principal amount of debt that issuer may redeem with cash equal to net proceeds issuer raises in equity offerings at specified redemption prices	35.00%
Maximum [Member] | 5.75% Notes, Due July 15, 2025 [Member]
Debt Instrument [Line Items]
Percentage of aggregate principal amount of debt that issuer may redeem with cash equal to net proceeds issuer raises in equity offerings at specified redemption prices	35.00%
SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
Debt held includes a loan with SBH	$ 34.7	15.8
Payments for debt issuance fees	38.1	5.4	60.9
Write off of debt issuance costs on retired debt	11.2	6.4	21.6
Adjustment to interest expense	$ 1.7	$ 2.8	$ (5.2)

XML

Consolidated Statements Of Financial Position - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$ 247.9	$ 194.6
Trade receivables, net	498.8	439.0
Other receivables	87.9	76.3
Inventories	780.8	624.5
Prepaid expenses and other current assets	116.8	100.2
Total current assets	1,732.2	1,434.6
Property, plant and equipment, net	507.1	428.9
Deferred charges and other	101.7	88.4
Goodwill	2,476.7	1,469.6
Intangible assets, net	2,480.3	2,091.5
Total assets	7,298.0	5,513.0
Current liabilities:
Current portion of long-term debt	33.8	96.7
Accounts payable	620.6	519.7
Accrued wages and salaries	96.5	88.1
Accrued interest	63.3	35.4
Other current liabilities	217.3	175.8
Total current liabilities	1,031.5	915.7
Long-term debt, net current portion	3,937.2	2,894.1
Deferred income taxes	607.0	513.2
Other long-term liabilities	115.5	103.2
Total liabilities	$ 5,691.2	$ 4,426.2
Commitments and contingencies (See Note 17)
Shareholder's equity:
Common stock, $0.01 par value: Authorized - 200.0 shares; Issued - 61.1 and 54.2 shares, respectively; Outstanding - 59.4 and 52.7 shares, respectively	$ 0.6	$ 0.5
Additional paid-in capital	2,033.6	1,433.4
Accumulated deficit	(205.5)	(283.1)
Accumulated other comprehensive loss, net of tax	(200.1)	(63.1)
Treasury stock, at cost	(65.5)	(44.3)
Total shareholder's equity	1,563.1	1,043.4
Noncontrolling interest	43.7	43.4
Total equity	1,606.8	1,086.8
Total liabilities and shareholder's equity	7,298.0	5,513.0
SB/RH Holdings, LLC [Member]
Current assets:
Cash and cash equivalents	247.9	192.9
Trade receivables, net	498.8	439.0
Other receivables	87.9	76.3
Inventories	780.8	624.5
Prepaid expenses and other current assets	116.8	100.2
Total current assets	1,732.2	1,432.9
Property, plant and equipment, net	507.1	428.9
Deferred charges and other	101.6	88.4
Goodwill	2,476.7	1,469.6
Intangible assets, net	2,480.3	2,091.5
Total assets	7,297.9	5,511.3
Current liabilities:
Current portion of long-term debt	68.5	112.6
Accounts payable	620.6	519.7
Accrued wages and salaries	96.5	88.1
Accrued interest	63.3	35.4
Other current liabilities	216.5	174.8
Total current liabilities	1,065.4	930.6
Long-term debt, net current portion	3,937.2	2,894.1
Deferred income taxes	607.0	513.2
Other long-term liabilities	115.5	103.2
Total liabilities	$ 5,725.1	$ 4,441.1
Commitments and contingencies (See Note 17)
Shareholder's equity:
Other capital	$ 1,969.9	$ 1,413.8
Accumulated deficit	(246.7)	(330.0)
Accumulated other comprehensive loss, net of tax	(200.1)	(63.1)
Total shareholder's equity	1,523.1	1,020.7
Noncontrolling interest	49.7	49.5
Total equity	1,572.8	1,070.2
Total liabilities and shareholder's equity	$ 7,297.9	$ 5,511.3

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Segment Information (Tables)

12 Months Ended

Sep. 30, 2015

Segment Information [Abstract]

Net Sales Relating To Segments

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Net sales to external customers (in millions)	2015		2014		2013		2015		2014		2013
Consumer batteries	$	829.5	$	957.8	$	931.6	$	829.5	$	957.8	$	931.6
Small appliances		734.6		730.8		740.3		734.6		730.8		740.3
Personal care		528.1		542.1		531.7		528.1		542.1		531.7
Global Batteries & Appliances		2,092.2		2,230.7		2,203.6		2,092.2		2,230.7		2,203.6
Hardware & Home Improvement		1,205.5		1,166.0		869.6		1,205.5		1,166.0		869.6
Global Pet Supplies		758.2		600.5		621.9		758.2		600.5		621.9
Home and Garden		474.0		431.9		390.5		474.0		431.9		390.5
Global Auto Care		160.5		—		—		160.5		—		—
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	4,690.4	$	4,429.1	$	4,085.6

Segment Profit Relating To Segments

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Segment Profit (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	240.8	$	256.5	$	237.5	$	240.8	$	256.5	$	237.5
Hardware & Home Improvement		185.2		172.2		88.7		185.2		172.2		88.7
Global Pet Supplies		83.9		82.4		91.1		83.9		82.4		91.1
Home and Garden		111.2		89.3		78.5		111.2		89.3		78.5
Global Auto Care		21.8		—		—		21.8		—		—
Total segment profit		642.9		600.4		495.8		642.9		600.4		495.8
Corporate expense		81.3		75.5		62.2		74.9		72.9		60.5
Acquisition and integration related charges		58.8		20.1		48.4		58.8		20.1		48.4
Restructuring and related charges		28.7		22.9		34.0		28.7		22.9		34.0
Interest expense		271.9		202.1		375.6		271.9		202.1		369.5
Other non-operating expenses, net		8.9		6.3		3.5		8.9		6.3		3.5
Income (loss) from operations before income taxes	$	193.3	$	273.5	$	(27.9)	$	199.7	$	276.1	$	(20.1)

Depreciation And Amortization Relating To Segments

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Depreciation and amortization (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	71.0	$	73.1	$	67.2	$	71.0	$	73.1	$	67.2
Hardware & Home Improvement		39.4		40.4		31.4		39.4		40.4		31.4
Global Pet Supplies		39.7		31.5		29.6		39.7		31.5		29.6
Home and Garden		13.3		12.6		11.7		13.3		12.6		11.7
Global Auto Care		6.6		—		—		6.6		—		—
Total segments		170.0		157.6		139.9		170.0		157.6		139.9
Corporate		—		—		—		—		—		—
Total depreciation and amortization	$	170.0	$	157.6	$	139.9	$	170.0	$	157.6	$	139.9

Capital Expenditures Relating To Segments

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Capital expenditures (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	48.9	$	40.3	$	47.9	$	48.9	$	40.3	$	47.9
Hardware & Home Improvement		16.3		21.2		23.4		16.3		21.2		23.4
Global Pet Supplies		10.4		5.3		8.3		10.4		5.3		8.3
Home and Garden Business		12.3		6.5		2.4		12.3		6.5		2.4
Global Auto Care		1.2		—		—		1.2		—		—
Total segment capital expenditures		89.1		73.3		82.0		89.1		73.3		82.0
Corporate		—		—		—		—		—		—
Total capital expenditures	$	89.1	$	73.3	$	82.0	$	89.1	$	73.3	$	82.0

Segment Total Assets Relating To Segments

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Segment total assets (in millions)	2015		2014		2015		2014
Global Batteries & Appliances	$	2,080.4	$	2,152.0	$	2,080.4	$	2,152.0
Hardware & Home Improvement		1,619.9		1,629.0		1,619.9		1,629.0
Global Pet Supplies		1,125.2		890.4		1,125.2		890.4
Home and Garden		530.9		526.6		530.9		526.6
Global Auto Care		1,543.1		—		1,543.1		—
Total segment assets		6,899.5		5,198.0		6,899.5		5,198.0
Corporate		398.5		315.0		398.4		313.3
Total assets	$	7,298.0	$	5,513.0	$	7,297.9	$	5,511.3

Net Sales By Geographic Area

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Net sales to external parties - Geographic Disclosure (in millions)	2015		2014		2013		2015		2014		2013
United States	$	2,907.9	$	2,640.7	$	2,404.4	$	2,907.9	$	2,640.7	$	2,404.4
Europe/MEA		1,049.8		970.4		910.0		1,049.8		970.4		910.0
Latin America		381.5		414.3		389.7		381.5		414.3		389.7
North America - Other		164.0		196.0		192.3		164.0		196.0		192.3
Asia-Pacific		187.2		207.7		189.2		187.2		207.7		189.2
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	4,690.4	$	4,429.1	$	4,085.6

Long-Lived Assets By Geographic Area

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Long-lived assets - Geographic Disclosure (in millions)	2015		2014		2015		2014
United States	$	311.1	$	269.1	$	311.1	$	269.1
Europe/MEA		139.2		92.0		139.2		92.0
Latin America		14.6		23.6		14.6		23.6
North America - Other		2.4		3.9		2.4		3.9
Asia-Pacific		39.8		40.3		39.8		40.3
Total long-lived assets	$	507.1	$	428.9	$	507.1	$	428.9

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Related Parties (Details) - USD ($) $ in Millions		12 Months Ended
	May. 31, 2015	Sep. 30, 2015
HRG [Member]
Related Party Transaction [Line Items]
Minimum ownership percentage		90.00%
HRG [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners		40.00%
Jefferies [Member]
Related Party Transaction [Line Items]
Percentage of subsidiaries beneficially owns of outstanding common stock		58.00%
Jefferies [Member] | One Of The Initial Purchasers For SBI [Member]
Related Party Transaction [Line Items]
Offering amount from related party		$ 1,000.0
Interest rate, 5.75% Notes		5.75%
Maturity year, 5.75% Notes		2025
Discounts, commissions and reimbursements of expenses from related party		$ 2.6
Jefferies [Member] | One Of The Underwriters For The Company [Member]
Related Party Transaction [Line Items]
Offering amount from related party	$ 575.0
Discounts, commissions and reimbursements of expenses from related party	$ 1.5
Jefferies [Member] | One Of The Financing Institutions That Committed To Back Stop Financing [Member]
Related Party Transaction [Line Items]
Offering amount from related party		1,500.0
Fees and reimbursements of expenses from related party		$ 2.1
Jefferies [Member] | Minimum [Member] | HRG [Member]
Related Party Transaction [Line Items]
Percentage of subsidiaries beneficially owns of outstanding common stock		10.00%

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Guarantor Statements - SB/RH (Statement Of Cash Flows) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used) by operating activities	$ 444.3	$ 432.7	$ 256.5
Purchases of property, plant and equipment	(89.1)	(73.3)	(82.0)
Business acquisitions, net of cash acquired	(1,191.1)	(27.6)	(1,399.8)
Proceeds from sales of property, plant and equipment	1.4	9.2	0.2
Other investing activities	(0.9)	(1.8)	(1.4)
Net cash used by investing activities	(1,279.7)	(93.5)	(1,483.0)
Proceeds from issuance of debt	3,281.4	524.2	3,038.2
Payment of debt	(2,793.1)	(770.9)	(1,633.7)
Payment of debt issuance costs	(38.1)	(5.4)	(60.9)
Payment of cash dividends to parent	(70.7)	(61.9)	(40.1)
Share based award tax withholding payments	(2.6)	(25.0)	(20.1)
Net cash provided (used) by financing activities	918.4	(343.5)	1,280.2
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(2.5)		(1.9)
Effect of exchange rate changes on cash and cash equivalents	(27.2)	(8.3)	(2.6)
Net increase (decrease) in cash and cash equivalents	53.3	(12.6)	49.2
Cash and cash equivalents, beginning of period	194.6	207.2	158.0
Cash and cash equivalents, end of period	247.9	194.6	207.2
SB/RH Holdings, LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used) by operating activities	441.8	434.7	258.2
Purchases of property, plant and equipment	(89.1)	(73.3)	(82.0)
Business acquisitions, net of cash acquired	(1,191.1)	(27.6)	(1,393.6)
Proceeds from sales of property, plant and equipment	1.4	9.2	0.2
Other investing activities	(0.9)	(1.8)	(1.3)
Net cash used by investing activities	(1,279.7)	(93.5)	(1,476.7)
Proceeds from issuance of debt	3,320.3	540.1	3,038.2
Payment of debt	(2,813.2)	(770.9)	(1,633.7)
Payment of debt issuance costs	(38.1)	(5.4)	(60.9)
Payment of cash dividends to parent	(72.1)	(77.0)	(88.7)
Capital contribution from parent	528.3		28.6
Share based award tax withholding payments	(2.6)	(25.0)	(20.1)
Net cash provided (used) by financing activities	922.6	(338.2)	1,263.4
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(2.5)		(1.9)
Effect of exchange rate changes on cash and cash equivalents	(27.2)	(8.3)	(2.6)
Net increase (decrease) in cash and cash equivalents	55.0	(5.3)	40.4
Cash and cash equivalents, beginning of period	192.9	198.2	157.8
Cash and cash equivalents, end of period	247.9	192.9	198.2
Parent [Member] | SB/RH Holdings, LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used) by operating activities	(143.5)	616.6	(319.1)
Purchases of property, plant and equipment	(45.7)	(23.2)	(30.9)
Business acquisitions, net of cash acquired	(1,026.0)
Proceeds from sales of property, plant and equipment	0.1	0.1	0.1
Net cash used by investing activities	(1,071.6)	(23.1)	(30.8)
Proceeds from issuance of debt	3,320.3	230.7	2,934.3
Payment of debt	(2,521.2)	(764.9)	(1,618.2)
Payment of debt issuance costs	(38.1)	(0.5)	(58.7)
Payment of cash dividends to parent	(72.1)	(77.0)	(88.7)
Capital contribution from parent	528.3		28.6
Share based award tax withholding payments	(2.6)	(25.0)	(20.1)
Advances related to intercompany transactions	8.7	44.1	(830.1)
Net cash provided (used) by financing activities	1,223.3	(592.6)	347.1
Net increase (decrease) in cash and cash equivalents	8.2	0.9	(2.8)
Cash and cash equivalents, beginning of period	4.8	3.9	6.7
Cash and cash equivalents, end of period	13.0	4.8	3.9
Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used) by operating activities	(770.8)	114.4	727.2
Purchases of property, plant and equipment	(13.5)	(26.4)	(9.0)
Business acquisitions, net of cash acquired		(27.6)	(1,351.0)
Proceeds from sales of property, plant and equipment		0.1
Other investing activities		(1.8)	(1.3)
Net cash used by investing activities	(13.5)	(55.7)	(1,361.3)
Advances related to intercompany transactions	781.7	(52.9)	626.2
Net cash provided (used) by financing activities	781.7	(52.9)	626.2
Net increase (decrease) in cash and cash equivalents	(2.6)	5.8	(7.9)
Cash and cash equivalents, beginning of period	11.2	5.4	13.3
Cash and cash equivalents, end of period	8.6	11.2	5.4
Non-Guarantor Subsidiaries [Member] | SB/RH Holdings, LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used) by operating activities	(1,418.8)	(269.4)	337.1
Purchases of property, plant and equipment	(29.9)	(23.7)	(42.1)
Business acquisitions, net of cash acquired	(165.1)		(42.6)
Proceeds from sales of property, plant and equipment	1.3	9.0	0.1
Other investing activities	(0.9)
Net cash used by investing activities	(194.6)	(14.7)	(84.6)
Proceeds from issuance of debt		309.4	103.9
Payment of debt	(292.0)	(6.0)	(15.5)
Payment of debt issuance costs		(4.9)	(2.2)
Advances related to intercompany transactions	1,984.5	(18.1)	(283.1)
Net cash provided (used) by financing activities	1,692.5	280.4	(196.9)
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(2.5)		(1.9)
Effect of exchange rate changes on cash and cash equivalents	(27.2)	(8.3)	(2.6)
Net increase (decrease) in cash and cash equivalents	49.4	(12.0)	51.1
Cash and cash equivalents, beginning of period	176.9	188.9	137.8
Cash and cash equivalents, end of period	226.3	176.9	188.9
Eliminations [Member] | SB/RH Holdings, LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used) by operating activities	2,774.9	(26.9)	(487.0)
Advances related to intercompany transactions	(2,774.9)	26.9	487.0
Net cash provided (used) by financing activities	$ (2,774.9)	$ 26.9	$ 487.0

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Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Unrealized (loss) gain on derivatives, tax	$ 3.0	$ 4.2	$ (0.4)
Defined benefit pension (loss) gain, tax	0.5	(1.6)	5.2
SB/RH Holdings, LLC [Member]
Unrealized (loss) gain on derivatives, tax	3.0	4.2	(0.4)
Defined benefit pension (loss) gain, tax	$ 0.5	$ (1.6)	$ 5.2

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Income Taxes (Schedule Of Deferred Tax Assets And Deferred Tax Liabilities) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Line Items]
Employee benefits	$ 63.2	$ 57.7
Restructuring	4.1	7.0
Inventories and receivables	35.2	24.9
Marketing and promotional accruals	14.4	16.0
Prepaid royalty	6.3	6.6
Property, plant and equipment	11.6	7.0
Unrealized losses	2.7	0.3
Intangibles	6.1	6.7
Investment in non-US subsidiaries	23.3
Net operating loss and credit carry forwards	447.7	507.5
Other	32.8	19.5
Total deferred tax assets	647.4	653.2
Property, plant and equipment	27.1	22.6
Unrealized gains	18.6	21.2
Intangibles	840.8	728.0
Taxes on unremitted foreign earnings	2.4	2.6
Other	16.3	15.0
Total deferred tax liabilities	905.2	789.4
Net deferred tax liabilities	(257.8)	(136.2)
Valuation allowance	(305.4)	(333.1)
Net deferred tax liabilities, net valuation allowance	(563.2)	(469.3)
Prepaid expenses and other	44.7	36.7
Deferred charges and other	3.7	10.0
Other current liabilities	(4.6)	(2.8)
Deferred taxes (noncurrent liability)	(607.0)	(513.2)
SB/RH Holdings, LLC [Member]
Income Taxes [Line Items]
Employee benefits	60.9	57.0
Restructuring	4.1	7.0
Inventories and receivables	35.2	24.9
Marketing and promotional accruals	14.4	16.0
Prepaid royalty	6.3	6.6
Property, plant and equipment	11.6	7.0
Unrealized losses	2.7	0.3
Intangibles	6.1	6.7
Investment in non-US subsidiaries	23.3
Net operating loss and credit carry forwards	441.6	502.1
Other	32.6	19.2
Total deferred tax assets	638.8	646.8
Property, plant and equipment	27.1	22.6
Unrealized gains	18.6	21.2
Intangibles	840.8	728.0
Taxes on unremitted foreign earnings	2.4	2.6
Other	16.3	15.0
Total deferred tax liabilities	905.2	789.4
Net deferred tax liabilities	(266.4)	(142.6)
Valuation allowance	(296.8)	(326.7)
Net deferred tax liabilities, net valuation allowance	(563.2)	(469.3)
Prepaid expenses and other	44.7	36.7
Deferred charges and other	3.7	10.0
Other current liabilities	(4.6)	(2.8)
Deferred taxes (noncurrent liability)	$ (607.0)	$ (513.2)

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Restructuring And Related Charges (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2013
HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Termination costs	$ (0.6)
Other costs	10.3
HHI Business Rationalization Initiatives [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]
Termination costs	2.5	3.0
Other costs	6.3	5.4
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			$ 46.0
Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Other costs	$ 1.1	$ 1.1

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Accumulated Other Comprehensive Income (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive (loss) income, as of	$ (63.1)	$ (38.5)	$ (33.4)
Other comprehensive (loss) income before reclassification	(114.6)	(26.1)	(0.5)
Amounts reclassified from accumulated other comprehensive (loss) income	(26.1)	4.0	0.4
Other comprehensive (loss) income	(140.7)	(22.1)	(0.1)
Deferred tax effect	9.1	(1.3)	(5.3)
Deferred tax valuation allowance	(5.6)	(1.3)	0.5
Other comprehensive (loss) income, net of tax	(137.2)	(24.7)	(4.9)
Other comprehensive income (loss) attributable to non-controlling interest	(0.2)	(0.1)	0.2
Other comprehensive (loss) income attributable to controlling interest	(137.0)	(24.6)	(5.1)
Accumulated other comprehensive (loss) income, as of	(200.1)	(63.1)	(38.5)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive (loss) income, as of	(39.5)	(7.0)	(0.2)
Other comprehensive (loss) income before reclassification	$ (113.0)	(32.6)	(6.6)
Amounts reclassified from accumulated other comprehensive (loss) income
Other comprehensive (loss) income	$ (113.0)	(32.6)	(6.6)
Other comprehensive (loss) income, net of tax	(113.0)	(32.6)	(6.6)
Other comprehensive income (loss) attributable to non-controlling interest	(0.2)	(0.1)	0.2
Other comprehensive (loss) income attributable to controlling interest	(112.8)	(32.5)	(6.8)
Accumulated other comprehensive (loss) income, as of	(152.3)	(39.5)	(7.0)
Derivative Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive (loss) income, as of	9.2	(2.3)	0.2
Other comprehensive (loss) income before reclassification	11.3	13.1	(2.0)
Amounts reclassified from accumulated other comprehensive (loss) income	(27.5)	2.6	(0.9)
Other comprehensive (loss) income	(16.2)	15.7	(2.9)
Deferred tax effect	5.2	$ (4.2)	(0.2)
Deferred tax valuation allowance	(2.2)		0.6
Other comprehensive (loss) income, net of tax	$ (13.2)	$ 11.5	$ (2.5)
Other comprehensive income (loss) attributable to non-controlling interest
Other comprehensive (loss) income attributable to controlling interest	$ (13.2)	$ 11.5	$ (2.5)
Accumulated other comprehensive (loss) income, as of	(4.0)	9.2	(2.3)
Employee Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive (loss) income, as of	(32.8)	(29.2)	(33.4)
Other comprehensive (loss) income before reclassification	(12.9)	(6.6)	8.1
Amounts reclassified from accumulated other comprehensive (loss) income	1.4	1.4	1.3
Other comprehensive (loss) income	(11.5)	(5.2)	9.4
Deferred tax effect	3.9	2.9	(5.1)
Deferred tax valuation allowance	(3.4)	(1.3)	(0.1)
Other comprehensive (loss) income, net of tax	$ (11.0)	$ (3.6)	4.2
Other comprehensive income (loss) attributable to non-controlling interest
Other comprehensive (loss) income attributable to controlling interest	$ (11.0)	$ (3.6)	4.2
Accumulated other comprehensive (loss) income, as of	$ (43.8)	$ (32.8)	$ (29.2)

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Inventory (Tables)

12 Months Ended

Sep. 30, 2015

Inventory [Abstract]

Schedule Of Inventories

(in millions)	2015		2014
Raw materials	$	132.4	$	104.1
Work-in-process		37.9		35.3
Finished goods		610.5		485.1
	$	780.8	$	624.5

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Fair Value Of Financial Instruments (Carrying Values And Estimated Fair Values For Debt) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Total debt, Carrying Amount	$ 3,971.0	$ 2,990.8
Total debt, Fair Value	4,085.8	3,061.5
SB/RH Holdings, LLC [Member]
Total debt, Carrying Amount	4,005.7	3,006.7
Total debt, Fair Value	$ 4,120.5	$ 3,077.4

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Related Parties

12 Months Ended

Sep. 30, 2015

Related Parties [Abstract]

Related Parties

NOTE 14 - RELATED PARTIES

The Company is subject to a stockholder agreement, dated February 9, 2010 (“Stockholder Agreement”), with its majority shareholder, HRG Group, Inc. (“HRG”), which provides certain protective provisions in favor of minority stockholders and provides certain rights and imposes certain obligations on HRG and its affiliates, including:

· for so long as the HRG and their affiliates beneficially own 40% or more of the outstanding voting securities of the Company, HRG and the Company will cooperate to ensure, to the greatest extent possible, the continuation of the structure of the Company’s board of directors as described in the Stockholder Agreement;

· HRG will not effect any transfer of equity securities of the Company to any person that would result in such person and its affiliates owning 40% or more of the outstanding voting securities of the Company, unless specified conditions are met; and

· HRG will be granted certain access and informational rights with respect to the Company and its subsidiaries.

Certain provisions of the Stockholder Agreement terminate on the date on which the HRG no longer constitutes a Significant Stockholder (as defined in the Stockholder Agreement). The Stockholder Agreement terminates when any person, including HRG, acquires 90% or more of the outstanding voting securities of the Company.

HRG and the Company also entered into a registration rights agreement, dated as of February 9, 2010 (the “Registration Rights Agreement”), pursuant to which HRG and its affiliates have, among other things and subject to the terms and conditions set forth therein, certain demand and so-called “piggy back” registration rights with respect to their shares of the Company’s common stock.

Jefferies LLC (“Jefferies”), a wholly owned subsidiary of Leucadia National Corporation, which through subsidiaries beneficially owns more than 10% of the outstanding common stock of HRG, which in turn owned 58% of the Company’s outstanding common stock as of September 30, 2015, acted as (i) one of the initial purchasers for SBI’s offering of $1.0 billion of its 5.75% Notes due 2025, for which Jefferies received $2.6 million in discounts, commissions and reimbursements of expenses , (ii) one of the underwriters for the Company’s $575 million offering of common stock in May 2015, for which Jefferies received $1.5 million in discounts, commissions and reimbursements of expenses, and (iii) one of the financing institutions that committed to provide “back stop” bridge facilities in an aggregate amount of $1.5 billion in connection with the financing of the AAG acquisition, for which Jefferies received $2.1 million in fees and reimbursements of expenses.

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Property, Plant And Equipment (Tables)

12 Months Ended

Sep. 30, 2015

Property, Plant And Equipment [Abstract]

Schedule Of Property, Plant And Equipment

(in millions)	2015		2014
Land, buildings and improvements	$	190.9	$	159.8
Machinery, equipment and other		491.9		402.9
Capitalized leases		97.3		98.5
Construction in progress		51.8		32.2
Property, plant and equipment	$	831.9	$	693.4
Accumulated depreciation		(324.8)		(264.5)
Property, plant and equipment, net	$	507.1	$	428.9

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Share Based Compensation (Summary Of RSU Activity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Fair Value	$ (15.4)	$ (25.0)	$ (20.1)
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted stock units, Beginning balance, Shares	0.8	1.1	1.9
Granted, Shares	0.6	0.7	0.7
Forfeited, Shares	(0.1)		(0.3)
Vested, Shares	(0.7)	(1.0)	(1.2)
Non-vested restricted stock units, Ending balance, Shares	0.6	0.8	1.1
Non-vested restricted stock units, Beginning balance, Weighted Average Share Price	$ 67.66	$ 39.11	$ 28.45
Granted, Weighted Average Share Price	92.51	75.50	45.97
Forfeited, Weighted Average Share Price	85.16	69.33	30.36
Vested, Weighted Average Share Price	69.00	39.69	28.25
Non-vested restricted stock units, Ending balance, Weighted Average Share Price	$ 87.50	$ 67.66	$ 39.11
Non-vested restricted stock units, Beginning balance, Fair Value	$ 56.0	$ 43.7	$ 55.0
Granted, Fair Value	52.9	50.5	32.1
Forfeited, Fair Value	(5.3)	(0.4)	(9.2)
Vested, Fair Value	(50.4)	(37.8)	(34.2)
Non-vested restricted stock units, Ending balance, Fair Value	53.2	56.0	43.7
SB/RH Holdings, LLC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Fair Value	$ (38.4)	$ (25.0)	$ (20.1)
SB/RH Holdings, LLC [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted stock units, Beginning balance, Shares	0.8	1.1	1.9
Granted, Shares	0.5	0.6	0.7
Forfeited, Shares	(0.1)		(0.3)
Vested, Shares	(0.7)	(0.9)	(1.2)
Non-vested restricted stock units, Ending balance, Shares	0.5	0.8	1.1
Non-vested restricted stock units, Beginning balance, Weighted Average Share Price	$ 67.90	$ 39.12	$ 28.45
Granted, Weighted Average Share Price	93.12	75.82	46.18
Forfeited, Weighted Average Share Price	85.16	69.33	30.36
Vested, Weighted Average Share Price	68.98	39.34	28.19
Non-vested restricted stock units, Ending balance, Weighted Average Share Price	$ 87.71	$ 67.90	$ 39.12
Non-vested restricted stock units, Beginning balance, Fair Value	$ 54.6	$ 43.1	$ 54.9
Granted, Fair Value	42.3	48.6	31.3
Forfeited, Fair Value	(5.3)	(0.4)	(9.1)
Vested, Fair Value	(49.5)	(36.7)	(34.0)
Non-vested restricted stock units, Ending balance, Fair Value	$ 42.1	$ 54.6	$ 43.1

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Accumulated Other Comprehensive Income

12 Months Ended

Sep. 30, 2015

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in the components of accumulated other comprehensive income (loss), net of taxes, was as follows:

	Foreign				Employee
	Currency		Derivative		Benefit
(in millions)	Translation		Hedging		Plans		Total
Year Ended September 30, 2013
Accumulated other comprehensive (loss) income, as of September 30, 2012	$	(0.2)	$	0.2	$	(33.4)	$	(33.4)
Other comprehensive (loss) income before reclassification		(6.6)		(2.0)		8.1		(0.5)
Amounts reclassified from accumulated other comprehensive (loss) income		—		(0.9)		1.3		0.4
Other comprehensive (loss) income		(6.6)		(2.9)		9.4		(0.1)
Deferred tax effect		—		(0.2)		(5.1)		(5.3)
Deferred tax valuation allowance		—		0.6		(0.1)		0.5
Other comprehensive (loss) income, net of tax		(6.6)		(2.5)		4.2		(4.9)
Other comprehensive (loss) income attributable to non-controlling interest		0.2		—		—		0.2
Other comprehensive (loss) income attributable to controlling interest		(6.8)		(2.5)		4.2		(5.1)
Accumulated other comprehensive (loss) income, as of September 30, 2013		(7.0)		(2.3)		(29.2)		(38.5)
Year Ended September 30, 2014
Other comprehensive (loss) income before reclassification		(32.6)		13.1		(6.6)		(26.1)
Amounts reclassified from accumulated other comprehensive income (loss)		—		2.6		1.4		4.0
Other comprehensive (loss) income, year ended September 30, 2014		(32.6)		15.7		(5.2)		(22.1)
Deferred tax effect		—		(4.2)		2.9		(1.3)
Deferred tax valuation allowance		—		—		(1.3)		(1.3)
Other comprehensive (loss) income, net of tax		(32.6)		11.5		(3.6)		(24.7)
Other comprehensive income (loss) attributable to non-controlling interest		(0.1)		—		—		(0.1)
Other comprehensive income (loss) attributable to controlling interest		(32.5)		11.5		(3.6)		(24.6)
Accumulated other comprehensive income (loss), September 30, 2014		(39.5)		9.2		(32.8)		(63.1)
Year Ended September 30, 2015
Other comprehensive (loss) income before reclassification		(113.0)		11.3		(12.9)		(114.6)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(27.5)		1.4		(26.1)
Other comprehensive (loss) income, year ended September 30, 2015		(113.0)		(16.2)		(11.5)		(140.7)
Deferred tax effect		—		5.2		3.9		9.1
Deferred tax valuation allowance		—		(2.2)		(3.4)		(5.6)
Other comprehensive (loss) income, net of tax		(113.0)		(13.2)		(11.0)		(137.2)
Other comprehensive income (loss) attributable to non-controlling interest		(0.2)		—		—		(0.2)
Other comprehensive income (loss) attributable to controlling interest		(112.8)		(13.2)		(11.0)		(137.0)
Accumulated other comprehensive income (loss), September 30, 2015	$	(152.3)	$	(4.0)	$	(43.8)	$	(200.1)

See Note 11, “Derivatives” for further detail on the Company’s derivative hedging activity.  See Note 12, “Employee Benefit Plans” for further detail over the Company’s defined benefit plans.

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Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Intangible Assets [Line Items]
Amortization expense	$ 87.8	$ 81.7	$ 77.8
Tradenames [Member]
Intangible Assets [Line Items]
Indefinite-lived intangible assets	1,490.3	1,174.3
Impairment of indefininte lived intangible assets	$ 0.0	$ 0.0	$ 0.0

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Segment Information (Long-Lived Assets By Geographic Area) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 507.1	$ 428.9
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	311.1	269.1
Europe/MEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	139.2	92.0
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	14.6	23.6
North America - Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	2.4	3.9
Asia-Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	39.8	40.3
SB/RH Holdings, LLC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	507.1	428.9
SB/RH Holdings, LLC [Member] | United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	311.1	269.1
SB/RH Holdings, LLC [Member] | Europe/MEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	139.2	92.0
SB/RH Holdings, LLC [Member] | Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	14.6	23.6
SB/RH Holdings, LLC [Member] | North America - Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	2.4	3.9
SB/RH Holdings, LLC [Member] | Asia-Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 39.8	$ 40.3

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Consolidated Statements Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	SB/RH Holdings, LLC [Member] Additional Paid-In/Other Capital [Member]	SB/RH Holdings, LLC [Member] Accumulated Deficit [Member]	SB/RH Holdings, LLC [Member] Accumulated Other Comprehensive Loss [Member]	SB/RH Holdings, LLC [Member] Total Shareholders' Equity [Member]	SB/RH Holdings, LLC [Member] Non-controlling Interest [Member]	SB/RH Holdings, LLC [Member]	Common Stock [Member]	Additional Paid-In/Other Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Total Shareholders' Equity [Member]	Non-controlling Interest [Member]	Total
Balances at Sep. 30, 2012	$ 1,359.9	$ (333.8)	$ (33.4)	$ 992.7		$ 992.7	$ 0.5	$ 1,399.3	$ (340.7)	$ (33.4)	$ (36.6)	$ 989.1		$ 989.1
Balances, shares at Sep. 30, 2012							51.5
Net income (loss)		(47.4)		(47.4)	$ (0.1)	(47.5)			(55.2)			(55.2)	$ (0.1)	(55.3)
Other comprehensive loss, net of tax			(5.1)	(5.1)	0.2	(4.9)				(5.1)		(5.1)	0.2	(4.9)
Contribution from parent	28.6			28.6		28.6
Restricted stock issued and related tax withholdings	(20.1)			(20.1)		(20.1)		(20.1)				(20.1)		(20.1)
Restricted stock issued and related tax withholdings, shares							0.8
Share based compensation	30.8			30.8		30.8		31.5				31.5		31.5
Treasury stock purchases											(3.2)	(3.2)		(3.2)
Treasury stock purchases, shares							(0.1)
Dividend declared		(88.7)		(88.7)		(88.7)			(40.0)			(40.0)		(40.0)
Parent ownership interest - Shaser	(6.1)			(6.1)		(6.1)
Noncontrolling interest					49.1	49.1							43.0	43.0
Balances at Sep. 30, 2013	1,393.1	(469.9)	(38.5)	884.7	49.2	933.9	$ 0.5	1,410.7	(435.9)	(38.5)	(39.8)	897.0	43.1	940.1
Balances, shares at Sep. 30, 2013							52.2
Net income (loss)		216.8		216.8	0.3	217.1			214.1			214.1	0.4	214.5
Other comprehensive loss, net of tax			(24.6)	(24.6)		(24.6)				(24.6)		(24.6)	(0.1)	(24.7)
Restricted stock issued and related tax withholdings	(25.0)			(25.0)		(25.0)		(25.0)				(25.0)		(25.0)
Restricted stock issued and related tax withholdings, shares							0.6
Share based compensation	45.7			45.7		45.7		47.7				47.7		47.7
Treasury stock purchases											(4.5)	(4.5)		(4.5)
Treasury stock purchases, shares							(0.1)
Dividend declared		(76.9)		(76.9)		(76.9)			(61.3)			(61.3)		(61.3)
Balances at Sep. 30, 2014	1,413.8	(330.0)	(63.1)	1,020.7	49.5	1,070.2	$ 0.5	1,433.4	(283.1)	(63.1)	(44.3)	1,043.4	43.4	$ 1,086.8
Balances, shares at Sep. 30, 2014							52.7							52.7
Net income (loss)		155.4		155.4	0.4	155.8			148.9			148.9	0.5	$ 149.4
Other comprehensive loss, net of tax			(137.0)	(137.0)	(0.2)	(137.2)				(137.0)		(137.0)	(0.2)	(137.2)
Common stock issuance							$ 0.1	585.9				586.0		586.0
Common stock issuance, shares							6.5
Contribution from parent	570.6			570.6		570.6
Restricted stock issued and related tax withholdings	(38.4)			(38.4)		(38.4)		(15.4)				(15.4)		(15.4)
Restricted stock issued and related tax withholdings, shares							0.4
Share based compensation	23.9			23.9		23.9		29.7				29.7		29.7
Treasury stock purchases											(21.2)	(21.2)		(21.2)
Treasury stock purchases, shares							(0.2)
Dividend declared		(72.1)		(72.1)		(72.1)			(71.3)			(71.3)		(71.3)
Balances at Sep. 30, 2015	$ 1,969.9	$ (246.7)	$ (200.1)	$ 1,523.1	$ 49.7	$ 1,572.8	$ 0.6	$ 2,033.6	$ (205.5)	$ (200.1)	$ (65.5)	$ 1,563.1	$ 43.7	$ 1,606.8
Balances, shares at Sep. 30, 2015							59.4							59.4

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Consolidated Statements Of Financial Position (Parenthetical) - $ / shares	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	61,100,000	54,200,000
Common stock, shares outstanding	59,400,000	52,700,000

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Debt

12 Months Ended

Sep. 30, 2015

Debt [Abstract]

Debt

NOTE 9 - DEBT

Debt as of September 30, 2015 and 2014 consists of the following:

	Spectrum Brands Holdings, Inc.								SB/RH Holdings, LLC
	2015				2014				2015				2014
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Term loan, variable rate, due June 23, 2022	$	1,226.9	3.9	%	$	—	—	%	$	1,226.9	3.9	%	$	—	—	%
Term loan, variable rate, due September 4, 2017 (Tranche A)		—	—	%		648.4	3.0	%		—	—	%		648.4	3.0	%
Term loan, variable rate, due September 4, 2019 (Tranche C)		—	—	%		509.9	3.6	%		—	—	%		509.9	3.6	%
CAD Term Loan, variable rate, due June 23, 2022		55.7	4.4	%		—	—	%		55.7	4.4	%		—	—	%
CAD Term Loan, variable rate, due December 17, 2019		—	—	%		34.2	5.1	%		—	—	%		34.2	5.1	%
Euro Term Loan, variable rate, due June 23, 2022		255.8	3.5	%		—	—	%		255.8	3.5	%		—	—	%
Euro Term Loan, variable rate, due September 4, 2019		—	—	%		283.3	3.8	%		—	—	%		283.3	3.8	%
5.75% Notes, due July 15, 2025		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	%		—	—	%
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	%
6.75% Notes, due March 15, 2020		—	—	%		300.0	6.8	%		—	—	%		300.0	6.8	%
Revolver Facility, variable rate, expiring June 23, 2020		—	—	%		—	—	%		—	—	%		—	—	%
Other notes and obligations		11.2	10.2	%		36.6	8.8	%		45.9	4.9	%		52.4	6.7	%
Obligations under capital leases		88.2	5.7	%		94.7	6.1	%		88.2	5.7	%		94.7	6.1	%
Total debt		3,977.8				2,997.1				4,012.5				3,012.9
Unamortized discount on debt		(6.8)				(6.3)				(6.8)				(6.2)
Less current portion		(33.8)				(96.7)				(68.5)				(112.6)
Long-term debt, net of current portion	$	3,937.2			$	2,894.1			$	3,937.2			$	2,894.1

Debt held by SB/RH also includes a loan with SBH of $34.7 million and $15.8 million as of September 30, 2015 and 2014, respectively.

The Company’s aggregate scheduled maturities of debt and capital lease obligations are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	Capital Lease Obligations		Debt		Total		Capital Lease Obligations		Debt		Total
2016	$	7.2	$	26.6	$	33.8	$	7.3	$	61.4	$	68.7
2017		7.1		15.4		22.5		7.0		15.4		22.4
2018		6.3		15.4		21.7		6.3		15.4		21.7
2019		5.6		15.4		21.0		5.6		15.4		21.0
2020		5.5		15.4		20.9		5.5		15.4		20.9
Thereafter		56.5		3,801.4		3,857.9		56.5		3,801.3		3,857.8
Long-term debt	$	88.2	$	3,889.6	$	3,977.8	$	88.2	$	3,924.3	$	4,012.5

Term Loans and Revolver Facility

On June 23, 2015, SBI 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 “Revolver”).  The proceeds from the Term Loans and draws on the Revolver were used to repay SBI’s then-existing senior term credit facility, repay SBI’s outstanding 6.75% senior unsecured notes due 2020, repay and replace SBI’s then-existing asset based revolving loan facility, and to pay fees and expenses in connection with the refinancing and for general corporate purposes.

The Term Loans and Revolver 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 3.0% per annum, or base rate plus 2.0% 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 is subject to either adjusted LIBOR plus 3.0% per annum, or base rate plus 2.0% per annum.

Subject to certain mandatory prepayment events, the Term Loans are subject to repayment according to scheduled amortizations, with the final payments of all amounts outstanding, plus accrued and unpaid interest, due at maturity.  The Senior Credit Agreement contains customary affirmative and negative covenants, including, but not limited to, restrictions on SBI and its restricted subsidiaries’ ability to incur indebtedness, create liens, make investments, pay dividends or make certain other distributions, and merge or consolidate or sell assets, in each case subject to certain exceptions set forth in the Senior Credit Agreement.  Additionally, the Senior Credit Agreement, solely with respect to the Revolver Facility, contains a financial covenant on the maximum net total leverage ratio that is tested on the last day of each fiscal quarter commencing with the fiscal quarter ended September 30, 2015.  The Company was in compliance with all covenants as of September 30, 2015. 

Pursuant to a guarantee agreement, SB/RH and the material wholly-owned domestic subsidiaries of SBI have guaranteed SBI’s obligations under the Senior Credit Agreement and related loan documents.  Pursuant to a security agreement, SBI and such subsidiary guarantors have pledged substantially all of their respective assets to secure such obligations and, in addition, SB/RH has pledged the capital stock of SBI to secure such obligations.  The Senior Credit Agreement also provides for customary events of default including payment defaults and cross-defaults to other material indebtedness. 

The Term Loans were issued net of a $5.1 million discount, which is amortized with a corresponding charge to interest expense over the remaining life of the loans.  The Company incurred $18.5 million of debt issuance costs of which $8.1 million was capitalized as debt issuance costs and the remainder of $10.4 million was recognized as interest expense during the year ended September 30, 2015.  The Company recognized accelerated amortization of portions of the unamortized discount and unamortized debt issuance costs related to the then-existing Term Loans of $7.7 million.

In connection with the new Revolver Facility, the Company incurred $5.7 million of fees that were capitalized as debt issuance costs and are being amortized over the remaining life of the Revolver Facility.  The Company recorded accelerated amortization of portions of the unamortized debt issuance costs related to the refinancing of the previous revolver facility totaling $1.1 million as an increase to interest expense during the year ended September 30, 2015.  As of September 30, 2015, the Company had aggregate borrowing availability of $467.3 million, net of outstanding letters of credit of $32.7 million.

5.75% Notes

On May 20, 2015, in connection with the acquisition of the AAG Business, SBI issued $1,000 million aggregate principal amount of 5.75% Notes at par value, due July 15, 2025 (the “5.75% Notes”).  The 5.75% Notes are guaranteed by SB/RH as well as by SBI’s existing and future domestic subsidiaries.

SBI may redeem all or a part of the 5.75% Notes, at any time on or after July 15, 2020, at specified redemption prices.  In addition, prior to July 15, 2020, SBI may redeem the notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium.  SBI is also entitled to redeem up to 35% of the aggregate principal amount of the notes before July 15, 2018 with an amount of cash equal to the net proceeds that SBI raises in equity offerings at specified redemption prices. Further, the indenture governing the 5.75% Notes (the “2025 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2025 Indenture.

The 2025 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2025 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.  Events of default under the 2025 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 5.75% Notes.  If any other event of default under the 2025 Indenture occurs and is continuing, the trustee for the 2025 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 5.75% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $19.7 million of fees in connection with the offering of the 5.75% Notes during the year ended September 30, 2015, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 5.75% Notes.

6.125% Notes

On December 4, 2014, SBI issued $250 million aggregate principal amount of 6.125% Notes at par value, due December 15, 2024 (the”6.125% Notes”).  The 6.125% Notes are guaranteed SB/RH, as well as by SBI’s existing and future domestic subsidiaries.

SBI may redeem all or a part of the 6.125% Notes, at any time on or after December 15, 2019, at specified redemption prices.  Prior to December 15, 2019, SBI may redeem the notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium.  SBI is also entitled to redeem up to 35% of the aggregate principal amount of the notes before December 15, 2017 with an amount of cash equal to the net proceeds that SBI raises in equity offerings at specified redemption prices.  Further, the indenture governing the 6.125% Notes (the “2024 Indenture”) requires SBI to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of SBI, as defined in the 2024 Indenture.

The 2024 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates. 

In addition, the 2024 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.  Events of default under the 2024 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.125% Notes.  If any other event of default under the 2024 Indenture occurs and is continuing, the trustee for the 2024 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.125% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $4.6 million of fees in connection with the offering of the 6.125% Notes during the year ended September 30, 2015, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 6.125% Notes.

6.375% Notes and 6.625% Notes

On December 17, 2012, in connection with the acquisition of HHI Business, the Company assumed $520 million aggregate principal amount of 6.375% Notes at par value, due November 15, 2020 (the “6.375% Notes”), and $570 million aggregate principal amount of 6.625% Notes at par value, due November 15, 2022 (the “6.625% Notes”).  The 6.375% Notes and 6.625% Notes are unsecured and guaranteed by SB/RH, as well as by existing and future domestic restricted subsidiaries.

The Company may redeem all or a part of the 6.375% Notes and the 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices.  Further, the indenture governing the 6.375% Notes and the 6.625% Notes (the “2020/22 Indenture”)  requires the Company to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of the Company, as defined in such indenture.

The 2020/22 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2020/22 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.  Events of default under the 2020/22 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.375% Notes and the 6.625% Notes.  If any other event of default under the 2020/22 Indenture occurs and is continuing, the trustee for the 2020/22 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.375% Notes, or the 6.625% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $12.9 million and $14.1 million of fees in connection with the offering of the 6.375% Notes and the 6.625% Notes, respectively during the year ended September 30, 2013 which were capitalized as debt issuance costs and amortized over the remaining lives of the 6.375% Notes and 6.625% Notes, respectively.

6.75% Notes

On June 23, 2015, SBI called the 6.75% Notes.  In connection with the call, SBI paid the trustee principal, interest and a call premium sufficient to redeem the $300 million of 6.75% Notes outstanding.  The trustee under the indenture governing the 6.75% Notes accepted those funds in trust for the benefit of the holders and has acknowledged the satisfaction and discharge of the 6.75% Notes and the indenture governing the 6.75% Notes.  On July 23, 2015, the Trustee redeemed the 6.75% Notes.  In connection with the redemption, the Company recognized $16.9 million of fees and expenses as interest expense and wrote off $4.1 million of debt issuance costs as a non-cash charge to interest expense for the year ended September 30, 2015.

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Segment Information (Segment Profit Relating To Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Acquisition and integration related charges	$ 58.8	$ 20.1	$ 48.4
Restructuring and related charges	28.7	22.9	34.0
Interest expense	271.9	202.1	375.6
Other non-operating expense, net	8.9	6.3	3.5
Income (loss) from operations before income taxes	193.3	273.5	(27.9)
SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Acquisition and integration related charges	58.8	20.1	48.4
Restructuring and related charges	28.7	22.9	34.0
Interest expense	271.9	202.1	369.5
Other non-operating expense, net	8.9	6.3	3.5
Income (loss) from operations before income taxes	199.7	276.1	(20.1)
Total Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	642.9	600.4	495.8
Total Segments [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	642.9	600.4	495.8
Corporate [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	81.3	75.5	62.2
Corporate [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	74.9	72.9	60.5
Global Batteries & Appliances [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	240.8	256.5	237.5
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	240.8	256.5	237.5
Hardware & Home Improvement [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	185.2	172.2	88.7
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	185.2	172.2	88.7
Global Pet Supplies [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	83.9	82.4	91.1
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	83.9	82.4	91.1
Home & Garden [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	111.2	89.3	78.5
Home & Garden [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	111.2	$ 89.3	$ 78.5
Global Auto Care [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	21.8
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations before income taxes	$ 21.8

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Income Taxes (Schedule Of Reconciliation Of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
U.S. Statutory federal income tax expense (benefit)	$ 67.6	$ 95.7	$ (9.8)
Permanent items	5.2	4.6	10.1
Foreign statutory rate vs. U.S. statutory rate	(33.8)	(28.7)	(25.1)
State income taxes, net of federal effect	1.7	5.4	(11.7)
Residual tax on foreign earnings	24.8	90.9	(7.0)
Investment in foreign subsidiary	(23.3)
Purchase accounting benefit	(22.8)		(49.8)
Change in valuation allowance	2.6	(115.6)	114.3
Unrecognized tax expense	$ (1.2)	0.5	4.0
Foreign tax law changes		(7.6)
Nondeductible share compensation	$ 2.3	1.4	1.7
Adjustment to prior year NOLs	14.4
Return to provision adjustments and other, net	6.4	12.4	0.7
Income tax expense	43.9	59.0	27.4
SB/RH Holdings, LLC [Member]
U.S. Statutory federal income tax expense (benefit)	69.9	96.6	(7.1)
Permanent items	5.2	4.6	10.1
Foreign statutory rate vs. U.S. statutory rate	(33.8)	(28.7)	(25.1)
State income taxes, net of federal effect	1.7	5.4	(11.7)
Residual tax on foreign earnings	24.8	90.9	(7.0)
Investment in foreign subsidiary	(23.3)
Purchase accounting benefit	(22.8)		(49.8)
Change in valuation allowance	0.5	(116.5)	111.6
Unrecognized tax expense	(1.2)	0.5	4.0
Foreign tax law changes		(7.6)
Nondeductible share compensation	2.3	1.4	1.7
Adjustment to prior year NOLs	14.4
Return to provision adjustments and other, net	6.2	12.4	0.7
Income tax expense	$ 43.9	$ 59.0	$ 27.4

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Income Taxes (Schedule Of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
United States	$ 3.4	$ 80.7	$ (212.1)
Outside the United States	189.9	192.8	184.2
Income (loss) from operations before income taxes	193.3	273.5	(27.9)
SB/RH Holdings, LLC [Member]
United States	9.8	83.3	(204.3)
Outside the United States	189.9	192.8	184.2
Income (loss) from operations before income taxes	$ 199.7	$ 276.1	$ (20.1)

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Document And Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2015	Nov. 17, 2015	Mar. 29, 2015
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2015
Entity Registrant Name	Spectrum Brands Holdings, Inc.
Entity Central Index Key	0001487730
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,937,571,248
Entity Common Stock, Shares Outstanding		59,087,918
SB/RH Holdings, LLC [Member]
Entity Registrant Name	SB/RH Holdings, LLC
Entity Central Index Key	0001592706
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer

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Leases

12 Months Ended

Sep. 30, 2015

Leases [Abstract]

Leases

NOTE 10 - LEASES

The Company has leases primarily pertaining to land, buildings and equipment that expire at various times through July 2024.  The Company’s minimum rent payments under operating leases are recognized on a straight-line basis over the term of the leases. Future minimum rental commitments under non-cancelable operating leases are as follows:

(in millions)	Amount
2016	$	39.7
2017		34.8
2018		25.2
2019		19.2
2020		12.0
Thereafter		20.6
Total minimum lease payments	$	151.5

Rent expense was $36.3 million,  $40.8 million and $41.8 million for the years ended September 30, 2015,  2014 and 2013, respectively.

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Derivatives (Fair Value Of Outstanding Derivative Instruments) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 9.8	$ 2.1
Derivatives Hedging [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	6.0	$ 14.7
Commodity Contracts [Member] | Other Long-term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0.8
Commodity Contracts [Member] | Accounts Payable [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	4.7	$ 0.2
Commodity Contracts [Member] | Accounts Payable [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 0.1	0.1
Commodity Contracts [Member] | Derivatives Hedging [Member] | Receivables - Other [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives		1.3
Foreign Exchange Contracts [Member] | Receivables - Other [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 0.4	$ 0.5
Foreign Exchange Contracts [Member] | Accounts Payable [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	1.5
Foreign Exchange Contracts [Member] | Accounts Payable [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0.1	$ 0.1
Foreign Exchange Contracts [Member] | Derivatives Hedging [Member] | Deferred Charges And Other [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0.4	0.3
Foreign Exchange Contracts [Member] | Derivatives Hedging [Member] | Receivables - Other [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	5.2	12.0
Interest Rate Contracts [Member] | Other Current Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	1.4	1.3
Interest Rate Contracts [Member] | Accrued Interest [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0.4	$ 0.4
Interest Rate Contracts [Member] | Other Long-term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 0.8
Interest Rate Contracts [Member] | Derivatives Hedging [Member] | Deferred Charges And Other [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives		$ 0.6

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Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Line Items]
Deferred tax assets related to foreign subsidiaries investment	$ 23.3
Reduction in net operating loss deferred tax assets result of prior year adjustments	$ 14.4
U.S. federal statutory rate	35.00%
Distributed earnings of foreign subsidiaries	$ 37.5	$ 190.5
Amount of taxable earnings on repatriation		3.1
Tax expense related to distribution of foreign earnings	0.3	0.1
Undistributed earnings of foreign subsidiaries	183.8
Distributions related to one-time internal restructuring and external debt refinancing activities		178.7
U.S. federal net operating loss carryforwards	894.5
Tax benefit	(4.6)	1.9	$ (21.6)
Capital loss carryforwards	14.2
Federal and state tax benefit	5.4
Additional federal and state operating loss carryforwards	59.6
Foreign operating loss carryforwards	127.6
Unrealized federal tax benefit related to federal operating loss carryforwards	95.5
U.S. federal operating loss carryforwards expected to expire unused	272.9
U.S. State operating loss carryforwards expected to exipre unused	16.7
Deferred tax assets, foreign operating loss carryforwards expected to expire unused	29.4
Deferred tax assets, valuation allowance	305.4	333.1
Valuation allowance, deferred tax asset, change in amount	27.7	121.5
Purchase accounting benefit	22.8		49.8
Unrecognized tax benefits	14.1	11.3	13.8	$ 5.9
Unrecognized tax benefits that would impact effective tax rate	11.4
Unrecognized tax benefits that would effect deferred tax assets	2.7
Unrecognized tax benefits, income tax penalties and interest accrued	2.8	3.5
Unrecognized tax benefits, income tax penalties and interest expense	0.9	1.1	0.1
Latin America [Member]
Income Taxes [Line Items]
Deferred tax assets, valuation allowance	17.0
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Tax benefit	313.1
Deferred tax assets, valuation allowance	268.7	299.1
Valuation allowance, deferred tax asset, change in amount	$ 30.4	122.6
Domestic Tax Authority [Member] | Maximum [Member]
Income Taxes [Line Items]
Operating loss carryforwards, expiration	Dec. 31, 2035
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Deferred tax assets, valuation allowance	$ 36.7	34.0
Valuation allowance, deferred tax asset, change in amount	$ 2.7	1.1
Foreign Tax Authority [Member] | Minimum [Member]
Income Taxes [Line Items]
Operating loss carryforwards, expiration	Sep. 30, 2016
State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Tax benefit	$ 68.7
HHI Business Rationalization Initiatives [Member]
Income Taxes [Line Items]
Purchase accounting benefit			49.8
HHI Business Rationalization Initiatives [Member] | Domestic Tax Authority [Member]
Income Taxes [Line Items]
Valuation allowance, deferred tax asset, change in amount		$ (62.6)	$ 49.8

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Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Net sales	$ 4,690.4	$ 4,429.1	$ 4,085.6
Cost of goods sold	3,018.0	2,856.5	2,685.3
Restructuring and related charges	28.7	22.9	34.0
Gross profit	1,670.3	1,568.9	1,390.3
Operating expenses:
Selling	720.7	678.2	637.0
General and administrative	338.8	321.6	286.4
Research and development	51.3	47.9	43.3
Acquisition and integration related charges	58.8	20.1	48.4
Total operating expenses	1,196.2	1,087.0	1,039.1
Operating income	474.1	481.9	351.2
Interest expense	271.9	202.1	375.6
Other non-operating expense, net	8.9	6.3	3.5
Income (loss) from operations before income taxes	193.3	273.5	(27.9)
Income tax expense	43.9	59.0	27.4
Net income (loss)	149.4	214.5	(55.3)
Net income (loss) attributable to non-controlling interest	0.5	0.4	(0.1)
Net income (loss) attributable to controlling interest	$ 148.9	$ 214.1	$ (55.2)
Earnings (Loss) Per Share
Basic earnings (loss) per share	$ 2.68	$ 4.07	$ (1.06)
Diluted earnings (loss) per share	2.66	4.02	(1.06)
Dividends per share	$ 1.27	$ 1.15	$ 0.75
Weighted Average Shares Outstanding
Basic	55.6	52.6	52.0
Diluted	55.9	53.3	52.0
Cost Of Goods Sold [Member]
Restructuring and related charges	$ 2.1	$ 3.7	$ 10.0
Operating Expenses [Member]
Restructuring and related charges	26.6	19.2	24.0
SB/RH Holdings, LLC [Member]
Net sales	4,690.4	4,429.1	4,085.6
Cost of goods sold	3,018.0	2,856.5	2,685.3
Restructuring and related charges	28.7	22.9	34.0
Gross profit	1,670.3	1,568.9	1,390.3
Operating expenses:
Selling	720.7	678.2	637.0
General and administrative	332.4	319.0	284.7
Research and development	51.3	47.9	43.3
Acquisition and integration related charges	58.8	20.1	48.4
Total operating expenses	1,189.8	1,084.4	1,037.4
Operating income	480.5	484.5	352.9
Interest expense	271.9	202.1	369.5
Other non-operating expense, net	8.9	6.3	3.5
Income (loss) from operations before income taxes	199.7	276.1	(20.1)
Income tax expense	43.9	59.0	27.4
Net income (loss)	155.8	217.1	(47.5)
Net income (loss) attributable to non-controlling interest	0.4	0.3	(0.1)
Net income (loss) attributable to controlling interest	155.4	216.8	(47.4)
SB/RH Holdings, LLC [Member] | Cost Of Goods Sold [Member]
Restructuring and related charges	2.1	3.7	10.0
SB/RH Holdings, LLC [Member] | Operating Expenses [Member]
Restructuring and related charges	$ 26.6	$ 19.2	$ 24.0

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Restructuring And Related Charges

12 Months Ended

Sep. 30, 2015

Restructuring And Related Charges [Abstract]

Restructuring And Related Charges

NOTE 4 - RESTRUCTURING AND RELATED CHARGES

The following table summarizes the restructuring and related charges for the years ended September 30, 2015, 2014, and 2013:

(in millions)	2015		2014		2013
HHI business rationalization initiatives	$	10.3	$	4.5	$	—
Global expense rationalization initiatives		17.1		13.4		11.3
Global cost reduction initiatives		1.2		1.3		16.4
Other restructuring activities		0.1		3.7		6.3
Total restructuring and related charges	$	28.7	$	22.9	$	34.0
Reported as:
Cost of goods sold	$	2.1	$	3.7	$	10.0
Operating expense		26.6		19.2		24.0

HHI Business Rationalization Initiatives

During the fourth quarter of the year 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, and are anticipated to be incurred through September 30, 2016.  The following is a summary of costs incurred for the years ended September 30, 2015 and 2014 by type and cumulative costs incurred through September 30, 2015.  All costs reflected are within the Hardware and Home Improvement segment. 

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	—	$	1.3	$	1.3
Operating Expenses:
For the year ended September 30, 2015		(1.5)		10.5		9.0
For the year ended September 30, 2014		4.5		—		4.5
Cumulative costs through September 30, 2015		3.0		11.8		14.8

The following is a rollforward of the restructuring accrual related to the HHI business rationalization initiative for 2015 and 2014.

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	—	$	—	$	—
Provisions		4.5		—		4.5
Cash expenditures		—		—		—
Accrual balance at September 30, 2014		4.5		—		4.5
Provisions (adjustments)		(0.9)		1.5		0.6
Cash expenditures		(1.5)		—		(1.5)
Non-cash items		(0.8)		—		(0.8)
Accrual balance at September 30, 2015	$	1.3	$	1.5	$	2.8

During the year ended September 30, 2015, the Company recognized $(0.6) million and $10.3 million of termination and other costs related to this initiative as paid. 

Global Expense Rationalization Initiatives

During the third quarter of the fiscal year ended September 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 the Global Pet Supplies segments, and within Corporate. Total costs associated with these initiatives are expected to be approximately $46 million, and are anticipated to be incurred through September 30, 2018.  The following summarizes costs incurred for the years ended September 30, 2015, 2014, and 2013 by type and cumulative costs incurred through September 30, 2015.  

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	0.4	$	—	$	0.4
For the year ended September 30, 2014		1.0		—		1.0
For the year ended September 30, 2013		—		—		—
Operating Expenses:
For the year ended September 30, 2015		8.0		8.7		16.7
For the year ended September 30, 2014		5.5		6.9		12.4
For the year ended September 30, 2013		10.2		1.1		11.3
Cumulative costs through September 30, 2015		25.1		16.7		41.8

The following summarizes the costs incurred for the years ended September 30, 2015, 2014 and 2013, the cumulative amount incurred to date and total future expected costs to be incurred related to this initiative by reporting segment.

	Global
	Batteries &		Global Pet
(in millions)	Appliances		Supplies		Corporate		Total
Restructuring and related charges:
For the year ended September 30, 2015	$	8.1	$	8.7	$	0.3	$	17.1
For the year ended September 30, 2014		11.1		1.8		0.5		13.4
For the year ended September 30, 2013		10.0		—		1.3		11.3
Cumulative costs through September 30, 2015		29.2		10.5		2.1		41.8
Future costs to be incurred		1.2		2.7		—		3.9

The following is a rollforward of the restructuring accrual related to the global expense rationalization initiative for 2015 and 2014.

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	7.3	$	-	$	7.3
Provisions		3.5		1.5		5.0
Cash expenditures		(7.0)		-		(7.0)
Non-cash items		0.3		(0.1)		0.2
Accrual balance at September 30, 2014		4.1		1.4		5.5
Provisions		5.9		2.4		8.3
Cash expenditures		(7.0)		(1.5)		(8.5)
Non-cash items		(0.2)		—		(0.2)
Accrual balance at September 30, 2015	$	2.8	$	2.3	$	5.1

During the year ended September 30, 2015, the Company recognized $2.5 million and $6.3 million of termination and other costs, respectively, as they were paid.  During the year ended September 30, 2014, the Company recognized $3.0 million and $5.4 million of termination benefits and other costs, respectively, as they were paid.

Global Cost Reduction Initiatives

During the year ended September 30, 2009, the Company implemented a series of initiatives within the Global Batteries & Appliances, Global Pet Supplies and Home and Garden segments to reduce operating costs, and to evaluate opportunities to improve the Company’s capital structure. These initiatives included headcount reductions and the exit of certain facilities within each of these segments as well as consultation, legal and accounting fees related to the evaluation of the Company’s capital structure all of which were completed during the year ended September 30, 2015.  The following summarizes costs incurred for the years ended September 30, 2015, 2014 and 2013 by type and cumulative costs incurred through September 30, 2015. 

	Termination		Other
(in millions)	Benefits		Costs		Total
Cost of Goods Sold:
For the year ended September 30, 2015	$	—	$	0.4	$	0.4
For the year ended September 30, 2014		—		0.1		0.1
For the year ended September 30, 2013		0.2		3.3		3.5
Operating Expenses:
For the year ended September 30, 2015		0.1		0.7		0.8
For the year ended September 30, 2014		0.2		1.0		1.2
For the year ended September 30, 2013		6.4		6.5		12.9
Cumulative costs through September 30, 2015		38.4		63.4		101.8

The following summarizes the costs incurred for the years ended September 30, 2015, 2014 and 2013, and the cumulative amount incurred through September 30, 2015 by reporting segment.

	Global
	Batteries &		Global Pet		Home and
(in millions)	Appliances		Supplies		Garden		Corporate		Total
Restructuring and related charges:
For the year ended September 30, 2015	$	0.4		0.8	$	—	$	—	$	1.2
For the year ended September 30, 2014		0.1		1.2		—		—		1.3
For the year ended September 30, 2013		4.6		11.2		0.6		—		16.4
Cumulative costs as of September 30, 2015		25.8		50.2		18.2		7.6		101.8

The following provides a rollforward of the restructuring accrual related to the global cost reduction initiative for 2015 and 2014.

	Termination		Other
(in millions)	Benefits		Costs		Total
Accrual balance at September 30, 2013	$	4.9	$	0.4	$	5.3
Provisions		0.2		-		0.2
Cash expenditures		(3.5)		(0.7)		(4.2)
Non-cash items		(0.3)		0.5		0.2
Accrual balance at September 30, 2014		1.3		0.2		1.5
Provisions		0.1		—		0.1
Cash expenditures		(1.0)		(0.2)		(1.2)
Non-cash items		(0.2)		0.1		(0.1)
Accrual balance at September 30, 2015	$	0.2	$	0.1	$	0.3

During the year ended September 30, 2015, the Company recognized $1.1 million of other costs related to this initiative as they were paid.  During the year ended September 30, 2014, the Company recognized $1.1 million of other costs related to this initiative as they were paid.

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Acquisitions

12 Months Ended

Sep. 30, 2015

Acquisitions [Abstract]

Acquisitions

NOTE 3- ACQUISITIONS

The Company accounts for acquisitions by applying the acquisition method of accounting. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

Armored AutoGroup

On May 21, 2015, the Company completed the acquisition of 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 categorizes, respectively, and the A/C PRO brand of do-it-yourself automotive air conditioner recharge products.  The results of AAG’s operations since May 21, 2015 are included in the Company’s Consolidated Statements of Operations and reported as a separate segment under Global Auto Care for the year ended September 30, 2015.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the May 21, 2015 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce,  including an experienced research team.  The calculation of purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	929.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	30.9
Receivables		156.1
Inventories		84.2
Prepaid expenses and other current assets		8.2
Property, plant and equipment, net		38.3
Goodwill		972.1
Intangible assets		418.0
Deferred charges and other		16.5
Accounts payable and accrued liabilities		(116.1)
Long-term debt		(540.0)
Other long term liabilities		(138.9)
Net assets acquired	$	929.3

The purchase price allocation resulted in goodwill of $972.1 million of which $4.9 million is deductible for tax purposes.  Due to expected synergies in sales of legacy Spectrum branded products through new distribution channels, the Company has allocated $38.9 million of the acquired goodwill to its Global Batteries and Appliances segment.  The remaining $933.2 million of goodwill is allocated to the Global Auto Care segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	295.0	Indefinite
Technology		41.0	10
Licensing agreements		19.0	10
Customer relationships		63.0	15
Total intangibles acquired	$	418.0

The fair values recorded were determined based upon a valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the May 21, 2015 acquisition date). The primary areas of acquisition accounting that are not yet finalized relate to amounts for intangible assets, residual goodwill and income taxes.  The following is a summary of significant inputs to the valuation:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials and unbranded finished goods inventory.  Branded finished goods were valued based on the comparative sales method, which estimates the expected sales price of the finished goods inventory, reduced for all costs expected to be incurred in its completion or disposition and a profit on those costs.

· Property, plant and equipment – The market approach was used to estimate the fair value of land.  The direct cost approach was used to estimate the fair value of property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade names were not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Technology – The Company valued technology using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related licensing agreements and the importance of the technology and profit levels, among other considerations.  The Company anticipates using these technologies through the legal life of the underlying patents; therefore, the expected useful life of these technologies is based on the remaining life of the underlying patents. 

· Licensing Agreements – The Company valued licensing agreements using the income approach.  Under this method, the asset value was determined by estimating the revenue stream over the implied life of the agreements.

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 2.0% to 12.1%.  The Company assumed a customer retention rate of approximately 95.0%, which is supported by historical retention rates.  Income taxes were estimated at 38% and amounts were discounted using a rate of 9.5%. 

The following unaudited pro forma combined financial information presents the Company’s pro forma results for the years ended September 30, 2015 and 2014 had the results of AAG been combined as of October 1, 2013: 

	2015		2014
(in millions)	(Unaudited)		(Unaudited)
Pro forma net sales	$	4,966.2	$	4,872.4
Pro forma net income	$	217.3	$	235.5

The 2015 unaudited pro forma combined financial results exclude (1) a non-recurring interest expense of $35.7 million related to the extinguishment of AAG debt recognized in connection with the acquisition, (2) $47.3 million of acquisition and integration related charges incurred as a result of the acquisition (3) $18.8 million of non-recurring expense related to the fair value adjustment to acquisition date inventory and (4) $10.4 million of accelerated share based compensation costs incurred as a result of the acquisition. 

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 since January 16, 2015 are included in the Company’s Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the year ended September 30, 2015.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the January 16, 2015 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	146.8
Contingent consideration		1.5
Total purchase price	$	148.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	0.5
Receivables		10.7
Inventories		17.0
Prepaid expenses and other current assets		2.5
Property, plant and equipment, net		1.2
Goodwill		71.5
Intangible assets		55.5
Accounts payable and accrued liabilities		(8.5)
Other long term liabilities		(2.1)
Net assets acquired	$	148.3

The purchase price allocation resulted in goodwill of $71.5 million of which $24.7 million is deductible for tax purposes.  Goodwill was allocated to the Global Pet Supplies segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	17.0	Indefinite
Definite-lived tradenames		1.0	13
Technology		2.1	17
Customer relationships		35.4	13
Total intangibles acquired	$	55.5

The fair values were determined based upon a valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the January 16, 2015 acquisition date).  The Company performed a valuation of the acquired inventories, property, plant and equipment, tradenames, customer relationships and non-compete agreement.  A summary of the significant inputs to the valuation is as follows:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials and unbranded finished goods inventory.  Branded finished goods were valued based on the comparative sales method, which estimates the expected sales price of the finished goods inventory, reduced for all costs expected to be incurred in its completion or disposition and a profit on those costs.

· Property, plant and equipment – The cost approach was utilized to estimate the fair value of approximately 98% of the property, plant and equipment.  The sales comparison approach was used to estimate the fair value of the remaining 2% of the property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade names were not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Technology – The Company valued technology using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related licensing agreements and the importance of the technology and profit levels, among other considerations.  The Company anticipates using these technologies through the legal life of the underlying patents; therefore, the expected useful life of these technologies is based on the remaining life of the underlying patents. 

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 0% to 12.1%.  The Company assumed a customer retention rate of approximately 92.5%, which is supported by historical retention rates.  Income taxes were estimated at 38% and amounts were discounted using a rate of 12% to 13%. 

· Non-compete agreement – The Company valued the non-compete agreement using the income approach that compares the prospective cash flows with and without the non-compete agreement in place.  The value of the non-compete agreement is the difference between the discounted cash flows of the business under each of these two alternative scenarios, considering both tax expenditure and tax amortization benefits. 

The Salix acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

European IAMS and Eukanuba

On December 31, 2014, the Company completed the acquisition of European IAMS and Eukanuba, leading premium brands for dogs and cats.  The results of European IAMS and Eukanuba’s operations since December 31, 2014 are included in the Company’s Consolidated Statements of Operations and as part of the Global Pet Supplies segment for the year ended September 30, 2015.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the December 31, 2014 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	115.7
(in millions)	Purchase Price Allocation
Inventories	$	16.3
Prepaid expenses and other current assets		2.9
Property, plant and equipment, net		58.3
Goodwill		4.0
Intangible assets		39.6
Accounts payable and accrued liabilities		(2.7)
Other long term liabilities		(2.7)
Net assets acquired	$	115.7

The purchase price allocation resulted in goodwill of $4.0 million which is not deductible for tax purposes.  Goodwill was allocated to the Global Pet Supplies segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	25.5	Indefinite
Technology		3.6	8
Customer relationships		10.5	15
Total intangibles acquired	$	39.6

The fair values were determined based upon a valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the December 31, 2014 acquisition date).  The Company performed a valuation of the acquired inventories, property, plant and equipment, tradenames, technology and customer relationships.  The following is a summary of significant inputs to the valuation:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials inventory.  Work-in-process and finished goods inventory were valued at estimated selling price less the sum of costs of disposal and a reasonable profit on the value added in the completion and disposal effort.

· Property, plant and equipment – The market approach was used to estimate the fair value of land.  The direct cost approach was used to estimate the fair value of property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade names were not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Technology – The Company valued technology using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related licensing agreements and the importance of the technology and profit levels, among other considerations.  The Company anticipates using these technologies through the legal life of the underlying patents; therefore, the expected useful life of these technologies is based on the remaining life of the underlying patents. 

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 0% to 5.6%.  The Company assumed a customer retention rate of approximately 90%to 100%, which was supported by historical retention rates.  Income taxes were estimated at 25% and amounts were discounted using a rate of 12.5%. 

The European IAMS and Eukanuba acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

Tell Manufacturing

On October 1, 2014, the Company completed the acquisition of Tell, a leading manufacturer and distributor of commercial doors, locks, and hardware.  The results of Tell’s operations since October 1, 2014 are included in the Company’s Consolidated Statements of Operations and as part of the Hardware and Home Improvement segment for the year ended September 30, 2015.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the October 1, 2014 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	30.3
(in millions)	Purchase Price Allocation
Cash and cash equivalents	$	1.1
Receivables		6.0
Inventories		7.2
Prepaid expenses and other current assets		0.6
Property, plant and equipment, net		1.5
Goodwill		7.1
Intangible assets		12.5
Accounts payable and accrued liabilities		(5.7)
Net assets acquired	$	30.3

The purchase price allocation resulted in goodwill of $7.1 million which is deductible for tax purposes.  Goodwill was allocated to the Hardware and Home Improvement segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	4.0	Indefinite
Customer relationships		8.5	13
Total intangibles acquired	$	12.5

The Company performed a valuation of the acquired inventories, property, plant and equipment, tradenames and customer relationships.  The following is a summary of significant inputs to the valuation:

· Inventories – The replacement cost approach was applied to estimate the fair value of the raw materials inventory.  Finished goods were valued at estimated selling price less the sum of costs of disposal and a reasonable profit on the value added in the completion and disposal effort.

· Property, plant and equipment – The cost approach was used to estimate the fair value of approximately 97% of the property, plant and equipment.  The sales comparison approach was utilized to estimate the fair value of the remaining 3% of the property, plant and equipment.

· Tradenames – The Company valued indefinite-lived trade names using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions of Tell, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trade names. 

· Customer relationships – The Company valued customer relationships using an income approach, the multi-period excess earnings method.  In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges.  The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value.  Only expected sales from current customers were used, which are estimated using annual expected growth rates of 2.5% to 7.1%.  The Company assumed a customer retention rate of approximately 90%, which was supported by historical retention rates.  Income taxes were estimated at 38% and amounts were discounted using a rate of 20%. 

The Tell Manufacturing acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

Liquid Fence

On January 2, 2014, the Company completed the acquisition of Liquid Fence, a producer of animal repellents. The results of Liquid Fence’s operations since January 2, 2014 are included in the Company’s Consolidated Statements of Operations and as part of the Home and Garden segment for the years ended September 30, 2015 and 2014.

The Company has recorded an allocation of the purchase price to the Company’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the January 2, 2014 acquisition date.  The excess of the purchase price over the fair value of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce, including an experienced research team.  The calculation of the purchase price and purchase price allocation is as follows:

(in millions)	Purchase Price
Cash consideration	$	24.8
Promissory note		9.5
Contingent consideration		1.5
Total purchase price	$	35.8
(in millions)	Purchase Price Allocation
Cash	$	0.1
Accounts receivable		1.1
Inventories		2.1
Property, plant and equipment, net		0.1
Goodwill		7.1
Intangible assets		26.9
Accounts payable and accrued liabilities		(1.6)
Total assets acquired	$	35.8

The purchase price included a promissory note to sellers and contingent consideration related to additional payments that may be made to the selling company subsequent to the acquisition date.  The promissory note was due in four semi-annual installments over 24 months from the close of the transaction, and was paid in full during the year ended September 30, 2015.  The contingent consideration is calculated based upon the probability weighted present value of expected payments based upon the achievement of specific revenue milestones through both January 1, 2015 and January 1, 2016.  A contingent liability of $1.5 million was also recognized for the projected payments.  The purchase price allocation resulted in goodwill of $7.1 million which is deductible for tax purposes.  Goodwill was allocated to the Home & Garden segment.  The values allocated to intangible assets and the weighted average useful lives are as follows:

(in millions)	Carrying Amount		Weighted Average Useful Life (Years)
Tradenames	$	5.1	Indefinite
Technology		20.5	17
Customer relationships		1.3	15
Total intangibles acquired	$	26.9

The Company performed a valuation of the acquired tradenames, technology and customer relationships.  The following is a summary of significant inputs to the valuation:

· Tradenames – The Company valued the tradename using an income approach, the relief from royalty method.  Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned.  Royalty rates were selected based on consideration of several factors, including prior transactions, related trademarks and tradenames, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and tradenames.

· Technology – The Company valued the technology assets related to formulas and processes using an income approach, the excess earnings method.  Under this method, the asset value was determined by estimating the earnings attributable to the technology assets, adjusted for contributory asset charges.  In estimating the fair value of the technology, net sales and associated earnings were forecasted and adjusted for a technical obsolescence factor to isolate the forecasted sales and earnings attributable to the acquired technology assets.  The forecasted technology earnings were discounted to present value to arrive at the fair value.  The useful life was determined by assessing the time period in which substantially all of the discounted cash flows are expected to be generated.

· Customer relationships – The Company valued customer relationships using the distributor approach.  Under this method, the asset value was determined by estimating the hypothetical earnings before interest and taxes (“EBIT”) that a comparable distributor would earn, further adjusted for contributory asset charges.  In determining the fair value of the customer relationships, the distributor approach values the intangible asset at the present value of the incremental after-tax cash flows. 

The Liquid Fence acquisition was not considered individually significant to the consolidated results of the Company and therefore pro forma results are not presented.

Acquisition and Integration Costs

The following table summarizes acquisition and integration related charges incurred by the Company during the years ended September 30, 2015, 2014 and 2013:

(in millions)	2015		2014		2013
Armored AutoGroup	$	21.8	$	—	$	—
Salix		10.7		—		—
HHI Business		12.0		11.0		36.9
European IAMS and Eukanuba		9.3		—		—
Tell		1.9		—		—
Liquid Fence		1.5		3.5		—
Other		1.6		5.6		11.5
Total acquisition and integration related charges	$	58.8	$	20.1	$	48.4

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Share Based Compensation

12 Months Ended

Sep. 30, 2015

Share Based Compensation [Abstract]

Share Based Compensation

NOTE 15 –SHARE BASED COMPENSATION

On October 21, 2010, the Board adopted the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan (the “Equity Plan”).  During the year ended September 30, 2014, the Equity Plan was amended to increase the number of shares issuable under the Equity Plan to 5,626 shares of common stock of the Company, net of cancellations. 

The Company measures the compensation expense of its stock-based compensation awards, which consist of restricted stock units (“RSUs”), based on the fair value of the awards at the date of grant, and recognizes these costs on a straight line basis over the requisite service period of the awards.  The fair value of the RSUs is determined based on the market price of the Company’s shares of common stock on the grant date.

During the year ended September 30, 2015, the Company granted 0.6 million RSUs, which include 0.1 million units that vested immediately or within 12 months, 0.2 unit million units that vest over a one year period, and 0.3 million units that are performance-based and vest within a two-year period.  During the year ended September 30, 2014, the Company granted 0.7 million RSUs, which include 0.3 million units that vested immediately or within 12 months, 0.1 million units that vest over a one year period and 0.3 million units that are performance-based and vest within a twoyear period.  During the year ended September 30, 2013, the Company granted 0.7 million RSUs, which include 0.1 million that vest over a one year period and 0.6 million that are both performance and time-based and vest over a one year performance-based period followed by a one year time-based period.   

Share based compensation expense recognized by SBH during the years ended September 30, 2015, 2014 and 2013 was $47.6 million, $46.8 million, and $43.9 million,respectively.  Share based compensation expense recognized by SB/RH during the years ended September 30, 2015, 2014 and 2013 was $41.8 million, 44.9 million and 43.1 million, respectively.  Share based compensation expense is recognized as General and Administrative Expenses on the Consolidated Statements of Operations.  The remaining unamortized compensation cost related to non-vested restricted stock units at September 30, 2015 is $28.1 million and $23.2 million for the SBH and SB/RH, respectively.  The following is a summary of the RSU activity for the years ended September 30, 2015, 2014 and 2013:

	Spectrum Brands Holdings, Inc.					SB/RH Holdings, LLC
		Weighted					Weighted
		Average					Average
		Grant Date		Fair Value			Grant Date		Fair Value
(in millions, except per share data)	Shares	Fair Value		at Grant Date		Shares	Fair Value		at Grant Date
Non-vested restricted stock units at September 30, 2012	1.9	$	28.45	$	55.0	1.9	$	28.45	$	54.9
Granted	0.7		45.97		32.1	0.7		46.18		31.3
Forfeited	(0.3)		30.36		(9.2)	(0.3)		30.36		(9.1)
Vested	(1.2)		28.25		(34.2)	(1.2)		28.19		(34.0)
Non-vested restricted stock units at September 30, 2013	1.1		39.11	$	43.7	1.1		39.12	$	43.1
Granted	0.7		75.50		50.5	0.6		75.82		48.6
Forfeited	—		69.33		(0.4)	—		69.33		(0.4)
Vested	(1.0)		39.69		(37.8)	(0.9)		39.34		(36.7)
Non-vested restricted stock units at September 30, 2014	0.8		67.66	$	56.0	0.8		67.90	$	54.6
Granted	0.6		92.51		52.9	0.5		93.12		42.3
Forfeited	(0.1)		85.16		(5.3)	(0.1)		85.16		(5.3)
Vested	(0.7)		69.00		(50.4)	(0.7)		68.98		(49.5)
Non-vested restricted stock units at September 30, 2015	0.6		87.50	$	53.2	0.5		87.71	$	42.1

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Derivatives

12 Months Ended

Sep. 30, 2015

Derivatives [Abstract]

Derivatives

NOTE 11 - DERIVATIVES

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading purposes. For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the effective portion of the derivative is reported as a component of Accumulated Other Comprehensive Income (“AOCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings.

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 AOCI and as a derivative 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 counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to Interest expense from the underlying debt to which the swap is designated. As of September 30, 2015 and 2014, the Company had a series of U.S. dollar denominated interest rate swaps outstanding which effectively fix the interest on variable rate debt, exclusive of lender spreads, at 1.36% for a notional principal amount of $300.0 million through April 2017. 

The Company’s interest rate swap derivative financial instruments at September 30, 2015 and 2014 are as follows:

	2015				2014
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		1.5	$	300.0		2.5

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.  The Company had the following outstanding commodity swap contracts outstanding as of September 30, 2015 and 2014.

	2015				2014
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Zinc swap contracts		10.8 Tons	$	22.2		8.0 Tons	$	17.4
Brass swap contracts		1.8 Ton	$	8.5		0.6 Ton	$	2.8

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 rates 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 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 Cost of Goods Sold, respectively. At September 30, 2015 and 2014, the Company had foreign exchange derivative contracts designated as cash flow hedges with a notional value of $300.6 million and $226.7 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 economic hedges of a related liability or asset recorded in the accompanying 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 September 30, 2015 and 2014, the Company had $126.8 million and $108.9 million, respectively, of notional value for 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 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. The Company had the following outstanding commodity swap contracts outstanding as of September 30, 2015 and 2014.

	2015				2014
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Silver		25.0 troy oz.	$	0.4		25.0 troy oz.	$	0.4

Fair Value of Derivative Instruments

The fair value of the Company’s outstanding derivative instruments in the Consolidated Statements of Financial Position are as follows:

(in millions)	Line Item	2015		2014
Derivative Assets
Interest rate swaps - designated as hedge	Deferred charges and other	$	—	$	0.6
Commodity swaps - designated as hedge	Receivables—Other		—		1.3
Foreign exchange contracts - designated as hedge	Receivables—Other		5.2		12.0
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.4		0.3
Foreign exchange contracts - not designated as hedge	Receivables—Other		0.4		0.5
Total Derivative Assets		$	6.0	$	14.7
Derivative Liabilities
Interest rate swaps - designated as hedge	Other current liabilities	$	1.4	$	1.3
Interest rate swaps - designated as hedge	Accrued interest		0.4		0.4
Interest rate swaps - designated as hedge	Other long-term  liabilities		0.8		—
Commodity swaps - designated as hedge	Accounts payable		4.7		0.2
Commodity swaps - designated as hedge	Other long-term  liabilities		0.8		—
Commodity swaps - not designated as hedge	Accounts payable		0.1		0.1
Foreign exchange contracts - designated as hedge	Accounts payable		1.5		—
Foreign exchange contracts - not designated as hedge	Accounts payable		0.1		0.1
Total Derivative Liabilities		$	9.8	$	2.1

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 for the years ended September 30, 2015 and 2014.

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 and 2014, there was $3.5 million and less than $0.1 million, respectively, of posted cash collateral related to such liability positions.  In addition, as of September 30, 2015 and 2014, the Company had no posted standby letters of credit related to such liability positions. The cash collateral is included in Other Receivables within the Consolidated Statements of Financial Position.

The following table summarizes the impact of the effective and ineffective portions of cash flow hedges and the gain (loss) recognized in the Consolidated Statement of Operations for the years ended September 30, 2015, 2014 and 2013:

	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2015 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(3.4)	Interest expense	$	(1.9)	Interest expense	$	—
Commodity swaps		(7.2)	Cost of goods sold		(0.7)	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		0.1	Net sales		—
Foreign exchange contracts		21.8	Cost of goods sold		30.0	Cost of goods sold		—
Total	$	11.3		$	27.5		$	—
	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2014 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Interest rate swaps	$	(1.6)	Interest expense	$	(0.9)	Interest expense	$	—
Commodity swaps		1.9	Cost of goods sold		0.8	Cost of goods sold		—
Foreign exchange contracts		0.1	Net sales		0.2	Net sales		—
Foreign exchange contracts		12.7	Cost of goods sold		(2.6)	Cost of goods sold		—
Total	$	13.1		$	(2.5)		$	—
	Effective Portion
	Gain (Loss)		Reclassified to Earnings			Ineffective portion
For the year ended September 30, 2013 (in millions)	in OCI		Line Item	Gain (Loss)		Line Item	Gain (Loss)
Commodity swaps	$	(2.6)	Cost of goods sold	$	(0.6)	Cost of goods sold	$	—
Foreign exchange contracts		0.9	Net sales		0.9	Net sales		—
Foreign exchange contracts		(0.3)	Cost of goods sold		0.6	Cost of goods sold		—
Total	$	(2.0)		$	0.9		$	—

The unrealized loss on derivative contracts in Accumulated Other Comprehensive Loss expected to be recognized during the year ended September 30, 2016 is $2.8 million.

The following table summarizes the gain (loss) associated with derivative contracts not designated at hedges in the Consolidated Statements of Operations for the years ended September 30, 2015, 2014 and 2013.

(in millions)	Line Item	2015		2014		2013
Commodity swaps	Cost of goods sold	$	(0.1)	$	(0.1)	$	(0.1)
Foreign exchange contracts	Other expense, net	$	(2.5)	$	3.1		(3.6)
Total		$	(2.6)	$	3.0	$	(3.7)

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Employee Benefit Plans (Additional Information On Pension Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	$ 188.9
Fair value of plan assets, end of year	175.1	$ 188.9
Deferred charges and other	101.7	88.4
Other long-term liabilities	115.5	103.2
Accumulated other comprehensive income (loss)	(200.1)	(63.1)	$ (38.5)	$ (33.4)
International Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of year	196.2	189.2
Obligations assumed through acquisitions	0.6
Transfer of obligation	(1.8)
Service cost	2.6	3.0	2.8
Interest cost	6.2	7.4	7.1
Actuarial (gain) loss	10.6	8.6
Curtailments	(0.9)
Participant contributions		0.1
Benefits paid	(11.8)	(6.2)
Foreign currency exchange rate changes	(17.3)	(5.9)
Benefit obligation, end of year	184.4	196.2	189.2
Fair value of plan assets, beginning of year	126.5	117.0
Actual return on plan assets	3.6	7.7
Employer contributions	7.8	10.3
Employee contributions		0.1
Benefits Paid	(11.8)	(6.2)
Foreign currency exchange rate changes	(9.2)	(2.4)
Fair value of plan assets, end of year	116.9	126.5	117.0
Funded Status	(67.5)	(69.7)
Deferred charges and other		1.7
Other accrued expenses	2.2	2.9
Other long-term liabilities	65.3	68.5
Accumulated other comprehensive income (loss)	(23.4)	(20.9)
U.S. Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of year	70.9	66.9
Service cost	0.4	0.2	0.2
Interest cost	2.9	3.0	2.8
Actuarial (gain) loss	3.3	4.3
Benefits paid	(3.6)	(3.5)
Benefit obligation, end of year	73.9	70.9	66.9
Fair value of plan assets, beginning of year	62.4	58.5
Actual return on plan assets	(1.2)	4.8
Employer contributions	0.6	2.6
Benefits Paid	(3.6)	(3.5)
Fair value of plan assets, end of year	58.2	62.4	$ 58.5
Funded Status	(15.7)	(8.5)
Other accrued expenses	0.6	0.6
Other long-term liabilities	15.1	7.9
Accumulated other comprehensive income (loss)	$ (20.4)	$ (11.7)
Weighted average assumptions
Discount rate	4.25%	4.15%
Expected return on plan assets	7.25%	7.50%
Minimum [Member] | International Defined Benefit Plan [Member]
Weighted average assumptions
Discount rate	1.75%	2.00%
Expected return on plan assets	3.50%	2.00%
Rate of compensation increase	2.25%	2.25%
Maximum [Member] | International Defined Benefit Plan [Member]
Weighted average assumptions
Discount rate	13.81%	13.50%
Expected return on plan assets	5.26%	5.26%
Rate of compensation increase	5.50%	5.50%

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Property, Plant And Equipment

12 Months Ended

Sep. 30, 2015

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 7 - Property, Plant and Equipment

Property, plant and equipment as of September 30, 2015 and 2014 consist of the following:

(in millions)	2015		2014
Land, buildings and improvements	$	190.9	$	159.8
Machinery, equipment and other		491.9		402.9
Capitalized leases		97.3		98.5
Construction in progress		51.8		32.2
Property, plant and equipment	$	831.9	$	693.4
Accumulated depreciation		(324.8)		(264.5)
Property, plant and equipment, net	$	507.1	$	428.9

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Restructuring And Related Charges (Summary Of Restructuring And Related Charges) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 28.7	$ 22.9	$ 34.0
HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	10.3	4.5
Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	17.1	13.4	11.3
Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.2	1.3	16.4
Other Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.1	3.7	6.3
Cost Of Goods Sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2.1	3.7	$ 10.0
Cost Of Goods Sold [Member] | HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.3
Cost Of Goods Sold [Member] | Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	1.0
Cost Of Goods Sold [Member] | Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.4	0.1	$ 3.5
Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	26.6	19.2	24.0
Operating Expenses [Member] | HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	9.0	4.5
Operating Expenses [Member] | Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	16.7	12.4	11.3
Operating Expenses [Member] | Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 0.8	$ 1.2	$ 12.9

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Guarantor Statements - SB/RH (Statement Of Financial Position) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Current assets:
Cash and cash equivalents	$ 247.9	$ 194.6	$ 207.2	$ 158.0
Trade receivables, net	498.8	439.0
Other receivables	87.9	76.3
Inventories	780.8	624.5
Prepaid expenses and other current assets	116.8	100.2
Total current assets	1,732.2	1,434.6
Property, plant and equipment, net	507.1	428.9
Deferred charges and other	101.7	88.4
Goodwill	2,476.7	1,469.6	1,476.7
Intangible assets, net	2,480.3	2,091.5
Total assets	7,298.0	5,513.0
Liabilities and Shareholders’ Equity
Current portion of long-term debt	33.8	96.7
Accounts payable	620.6	519.7
Accrued wages and salaries	96.5	88.1
Accrued interest	63.3	35.4
Other current liabilities	217.3	175.8
Total current liabilities	1,031.5	915.7
Long-term debt, net current portion	3,937.2	2,894.1
Deferred income taxes	607.0	513.2
Other long-term liabilities	115.5	103.2
Total liabilities	5,691.2	4,426.2
Shareholder's equity:
Accumulated (deficit) earnings	(205.5)	(283.1)
Accumulated other comprehensive (loss) income	(200.1)	(63.1)	(38.5)	(33.4)
Total shareholder's equity	1,563.1	1,043.4
Noncontrolling interest	43.7	43.4
Total equity	1,606.8	1,086.8	940.1	989.1
Total liabilities and shareholder's equity	7,298.0	5,513.0
SB/RH Holdings, LLC [Member]
Current assets:
Cash and cash equivalents	247.9	192.9	198.2	157.8
Trade receivables, net	498.8	439.0
Other receivables	87.9	76.3
Inventories	780.8	624.5
Prepaid expenses and other current assets	116.8	100.2
Total current assets	1,732.2	1,432.9
Property, plant and equipment, net	507.1	428.9
Deferred charges and other	101.6	88.4
Goodwill	2,476.7	1,469.6
Intangible assets, net	2,480.3	2,091.5
Total assets	7,297.9	5,511.3
Liabilities and Shareholders’ Equity
Current portion of long-term debt	68.5	112.6
Accounts payable	620.6	519.7
Accrued wages and salaries	96.5	88.1
Accrued interest	63.3	35.4
Other current liabilities	216.5	174.8
Total current liabilities	1,065.4	930.6
Long-term debt, net current portion	3,937.2	2,894.1
Deferred income taxes	607.0	513.2
Other long-term liabilities	115.5	103.2
Total liabilities	5,725.1	4,441.1
Shareholder's equity:
Other equity	1,969.9	1,413.8
Accumulated (deficit) earnings	(246.7)	(330.0)
Accumulated other comprehensive (loss) income	(200.1)	(63.1)
Total shareholder's equity	1,523.1	1,020.7
Noncontrolling interest	49.7	49.5
Total equity	1,572.8	1,070.2	933.9	992.7
Total liabilities and shareholder's equity	7,297.9	5,511.3
SB/RH Holdings, LLC [Member] | Parent [Member]
Current assets:
Cash and cash equivalents	13.0	4.8	3.9	6.7
Trade receivables, net	175.8	48.3
Intercompany receivables	152.0	106.9
Other receivables	14.3	2.3
Inventories	410.3	77.7
Prepaid expenses and other current assets	57.9	9.1
Total current assets	823.3	249.1
Property, plant and equipment, net	235.2	137.7
Long-term intercompany receivables	2.8	0.7
Deferred charges and other	237.2	173.0
Goodwill	910.7	67.7
Intangible assets, net	1,402.4	494.1
Investments in subsidiaries	3,150.1	4,076.3
Total assets	6,761.7	5,198.6
Liabilities and Shareholders’ Equity
Current portion of long-term debt	53.4	75.2
Accounts payable	281.1	76.0
Intercompany accounts payable	449.4	1,366.0
Accrued wages and salaries	40.3	25.6
Accrued interest	63.2	35.0
Other current liabilities	84.5	22.7
Total current liabilities	971.9	1,600.5
Long-term debt, net current portion	3,913.9	2,539.2
Long-term intercompany debt	16.8	16.3
Deferred income taxes	241.2	(52.3)
Other long-term liabilities	33.3	19.0
Total liabilities	5,177.1	4,122.7
Shareholder's equity:
Other equity	1,981.7	1,419.5
Accumulated (deficit) earnings	(246.7)	(330.0)
Accumulated other comprehensive (loss) income	(200.2)	(63.1)
Total shareholder's equity	1,534.8	1,026.4
Noncontrolling interest	49.8	49.5
Total equity	1,584.6	1,075.9
Total liabilities and shareholder's equity	6,761.7	5,198.6
SB/RH Holdings, LLC [Member] | Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	8.6	11.2	5.4	13.3
Trade receivables, net	94.9	157.6
Intercompany receivables	713.8	937.3
Other receivables	11.2	8.3
Inventories	95.7	313.0
Prepaid expenses and other current assets	15.7	48.7
Total current assets	939.9	1,476.1
Property, plant and equipment, net	60.7	115.3
Long-term intercompany receivables	357.7	107.3
Deferred charges and other	0.6	(118.0)
Goodwill	1,154.0	1,030.7
Intangible assets, net	646.6	1,151.7
Investments in subsidiaries	1,095.9	1,278.9
Total assets	4,255.4	5,042.0
Liabilities and Shareholders’ Equity
Current portion of long-term debt		6.9
Accounts payable	45.9	202.5
Intercompany accounts payable		829.9
Accrued wages and salaries	10.0	19.5
Other current liabilities	21.8	52.9
Total current liabilities	77.7	1,111.7
Long-term debt, net current portion		8.9
Long-term intercompany debt	578.7	(617.9)
Deferred income taxes	440.2	462.2
Other long-term liabilities	8.8	0.8
Total liabilities	1,105.4	965.7
Shareholder's equity:
Other equity	1,129.2	3,297.0
Accumulated (deficit) earnings	2,139.8	775.4
Accumulated other comprehensive (loss) income	(175.1)	(51.0)
Total shareholder's equity	3,093.9	4,021.4
Noncontrolling interest	56.1	54.9
Total equity	3,150.0	4,076.3
Total liabilities and shareholder's equity	4,255.4	5,042.0
SB/RH Holdings, LLC [Member] | Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	226.3	176.9	$ 188.9	$ 137.8
Trade receivables, net	228.1	233.1
Intercompany receivables	225.0	587.0
Other receivables	62.4	65.7
Inventories	291.8	240.4
Prepaid expenses and other current assets	40.5	41.0
Total current assets	1,074.1	1,344.1
Property, plant and equipment, net	211.2	175.9
Long-term intercompany receivables	15.4	41.6
Deferred charges and other	27.8	33.4
Goodwill	412.0	371.2
Intangible assets, net	431.3	445.7
Investments in subsidiaries	(2.9)	0.4
Total assets	2,168.9	2,412.3
Liabilities and Shareholders’ Equity
Current portion of long-term debt	15.1	30.5
Accounts payable	293.6	241.2
Intercompany accounts payable	28.5	81.2
Accrued wages and salaries	46.2	43.0
Accrued interest	0.1	0.4
Other current liabilities	110.6	99.2
Total current liabilities	494.1	495.5
Long-term debt, net current portion	23.3	346.0
Long-term intercompany debt	392.6	105.2
Deferred income taxes	89.6	103.3
Other long-term liabilities	73.4	83.4
Total liabilities	1,073.0	1,133.4
Shareholder's equity:
Other equity	34.7	1,284.8
Accumulated (deficit) earnings	1,176.1	(13.8)
Accumulated other comprehensive (loss) income	(171.0)	(47.0)
Total shareholder's equity	1,039.8	1,224.0
Noncontrolling interest	56.1	54.9
Total equity	1,095.9	1,278.9
Total liabilities and shareholder's equity	2,168.9	2,412.3
SB/RH Holdings, LLC [Member] | Eliminations [Member]
Current assets:
Intercompany receivables	(1,090.8)	(1,631.2)
Inventories	(17.0)	(6.6)
Prepaid expenses and other current assets	2.7	1.4
Total current assets	(1,105.1)	(1,636.4)
Long-term intercompany receivables	(375.9)	(149.6)
Deferred charges and other	(164.0)
Investments in subsidiaries	(4,243.1)	(5,355.6)
Total assets	(5,888.1)	(7,141.6)
Liabilities and Shareholders’ Equity
Intercompany accounts payable	(477.9)	(2,277.1)
Other current liabilities	(0.4)
Total current liabilities	(478.3)	(2,277.1)
Long-term intercompany debt	(988.1)	496.4
Deferred income taxes	(164.0)
Total liabilities	(1,630.4)	(1,780.7)
Shareholder's equity:
Other equity	(1,175.7)	(4,587.5)
Accumulated (deficit) earnings	(3,315.9)	(761.6)
Accumulated other comprehensive (loss) income	346.2	98.0
Total shareholder's equity	(4,145.4)	(5,251.1)
Noncontrolling interest	(112.3)	(109.8)
Total equity	(4,257.7)	(5,360.9)
Total liabilities and shareholder's equity	$ (5,888.1)	$ (7,141.6)

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Fair Value Of Financial Instruments

12 Months Ended

Sep. 30, 2015

Derivatives [Abstract]

Fair Value Of Financial Instruments

NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair values of the Company’s financial assets and liabilities are defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Fair value measurements are classified using a fair value hierarchy that is based upon the observability of inputs used in measuring fair value.  Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed assumptions about hypothetical transactions in the absent of market data.  Fair value measurements are classified under the following hierarchy:

· Level 1 - Unadjusted quoted prices for identical instruments in active markets.

· Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

· Level 3 - Significant inputs to the valuation model are unobservable.

The Company utilizes valuation techniques that attempt to maximize the use of observable inputs and minimize the use of unobservable inputs.  The Company’s derivatives are valued on a recurring basis using internal models, which are based on market observable inputs including interest rate curves and both forward and spot prices for currencies and commodities, which are generally based on quoted or observed market prices (Level 2).  The fair value of certain derivative financial instruments is estimated using pricing models based on contracts with similar terms and risks. Modeling techniques assume market correlation and volatility, such as using prices of one delivery point to calculate the price of the contract’s different delivery point. The nominal value of interest rate transactions is discounted using applicable forward interest rate curves. In addition, by applying a credit reserve which is calculated based on credit default swaps or published default probabilities for the actual and potential asset value, the fair value of the Company’s derivative financial instrument assets reflects the risk that the counterparties to these contracts may default on the obligations. Likewise, by assessing the requirements of a reserve for non-performance which is calculated based on the probability of default by the Company, the Company adjusts its derivative contract liabilities to reflect the price at which a potential market participant would be willing to assume the Company’s liabilities. The Company has not changed the valuation techniques used in measuring the fair value of any financial assets and liabilities during the year.  The fair values of derivative instruments as of September 30, 2015 and 2014 are as follows (See Note 11, “Derivatives” for additional detail):

	2015				2014
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Derivative Assets	$	6.0	$	6.0	$	14.7	$	14.7
Derivative Liabilities	$	9.8	$	9.8	$	2.1	$	2.1

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 carrying values of goodwill, intangible assets and other long-lived assets are tested annually or more frequently if an event occurs that indicates an impairment loss may have been incurred, using fair value measurements with unobservable inputs (Level 3).

The carrying values and estimated fair values for debt as of September 30, 2015 and 2014 are as follows:

	2015				2014
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Total debt - Spectrum Brands Holdings, Inc.	$	3,971.0	$	4,085.8	$	2,990.8	$	3,061.5
Total debt - SB/RH Holdings, LLC	$	4,005.7	$	4,120.5	$	3,006.7	$	3,077.4

The fair value measurements of the Company’s debt represent non-active market exchange-traded securities which are valued at quoted input prices that are directly observable or indirectly observable through corroboration with observable market data (Level 2).

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Inventory

12 Months Ended

Sep. 30, 2015

Inventory [Abstract]

Inventory

NOTE 6 - INVENTORY

Inventories as of September 30, 2015 and 2014 consist of the following:

(in millions)	2015		2014
Raw materials	$	132.4	$	104.1
Work-in-process		37.9		35.3
Finished goods		610.5		485.1
	$	780.8	$	624.5

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Goodwill And Intangible Assets

12 Months Ended

Sep. 30, 2015

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

NOTE 8 - GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill by reporting segment was as follows:

	Global		Hardware &
	Batteries &		Home		Global Pet		Home and		Global
(in millions)	Appliances		Improvement		Supplies		Garden		Auto Care		Total
Balance, as of September 30, 2013	$	333.5	$	714.7	$	239.1	$	189.4	$	—	$	1,476.7
Liquid Fence acquisition		—		—		—		7.1		—		7.1
Adjustments		—		3.5		—		—		—		3.5
Foreign currency impact		(6.1)		(8.4)		(3.2)		—		—		(17.7)
Balance, as of September 30, 2014		327.4		709.8		235.9		196.5		—		1,469.6
AAG acquisition		38.9		—		—		—		933.2		972.1
European IAMS and Eukanuba acquisition		—		—		4.0		—		—		4.0
Salix acquisition		—		—		71.5		—		—		71.5
Tell Manufacturing acquisition		—		7.1		—		—		—		7.1
Foreign currency impact		(17.8)		(17.4)		(11.8)		—		(0.6)		(47.6)
Balance, as of September 30, 2015	$	348.5	$	699.5	$	299.6	$	196.5	$	932.6	$	2,476.7

Definite-lived intangible assets as of September 30, 2015 and 2014 consist of the following:

	2015						2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	985.2	$	(247.4)	$	737.8	$	877.2	$	(204.6)	$	672.6
Technology assets		238.6		(78.1)		160.5		192.2		(57.6)		134.6
Tradenames		165.4		(73.7)		91.7		171.0		(61.0)		110.0
Total	$	1,389.2	$	(399.2)	$	990.0	$	1,240.4	$	(323.2)	$	917.2

Certain trade names intangible assets have an indefinite life and are not amortized.  The balance of trade names not subject to amortization was $1,490.3 million and $1,174.3 million as of September 30, 2015 and 2014.  There was no impairment loss on indefinite-lived trade names for the years ended September 30, 2015, 2014 or 2013.

Amortization expense from intangible assets for the years ended September 30, 2015, 2014 and 2013 was $87.8 million, $81.7 million and $77.8 million, respectively.  Excluding the impact of any future acquisitions or changes in foreign currency, the Company anticipates the annual amortization for each of the next five years to be the following:

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

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Fair Value Of Financial Instruments (Fair Values Of Derivative Instruments) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	$ 6.0	$ 14.7
Derivative Liabilities	9.8	2.1
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	6.0	14.7
Derivative Liabilities	$ 9.8	$ 2.1

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Employee Benefit Plans (Amounts Reclassified From Accumulated Other Comprehensive Income (Loss) Associated With Employee Benefit Plan Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Cost of goods sold	$ 3,018.0	$ 2,856.5	$ 2,685.3
Selling expenses	720.7	678.2	637.0
General and administrative	338.8	321.6	286.4
Amounts reclassified from accumulated other comprehensive loss	26.1	(4.0)	(0.4)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Pension Benefits [Member]
Cost of goods sold	0.6	0.6	1.5
Selling expenses	0.3	0.3	(0.6)
General and administrative	0.5	0.5	0.4
Amounts reclassified from accumulated other comprehensive loss	$ 1.4	$ 1.4	$ 1.3

XML

Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Inventory [Abstract]
Raw materials	$ 132.4	$ 104.1
Work-in-process	37.9	35.3
Finished goods	610.5	485.1
Inventories	$ 780.8	$ 624.5

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Segment Information (Net Sales Relating To Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Revenue from External Customer [Line Items]
Net sales	$ 4,690.4	$ 4,429.1	$ 4,085.6
SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	4,690.4	4,429.1	4,085.6
Global Batteries & Appliances [Member]
Revenue from External Customer [Line Items]
Net sales	2,092.2	2,230.7	2,203.6
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	2,092.2	2,230.7	2,203.6
Hardware & Home Improvement [Member]
Revenue from External Customer [Line Items]
Net sales	1,205.5	1,166.0	869.6
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	1,205.5	1,166.0	869.6
Global Pet Supplies [Member]
Revenue from External Customer [Line Items]
Net sales	758.2	600.5	621.9
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	758.2	600.5	621.9
Home & Garden [Member]
Revenue from External Customer [Line Items]
Net sales	474.0	431.9	390.5
Home & Garden [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	474.0	$ 431.9	390.5
Global Auto Care [Member]
Revenue from External Customer [Line Items]
Net sales	160.5
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	160.5
Consumer Batteries [Member]
Revenue from External Customer [Line Items]
Net sales	829.5	$ 957.8	931.6
Consumer Batteries [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	829.5	957.8	931.6
Small Appliances [Member]
Revenue from External Customer [Line Items]
Net sales	734.6	730.8	740.3
Small Appliances [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	734.6	730.8	740.3
Personal Care [Member]
Revenue from External Customer [Line Items]
Net sales	528.1	542.1	531.7
Personal Care [Member] | SB/RH Holdings, LLC [Member]
Revenue from External Customer [Line Items]
Net sales	$ 528.1	$ 542.1	$ 531.7

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Restructuring And Related Charges (Rollforward Of Restructuring Accrual) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
HHI Business Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	$ 4.5
Provisions (adjustments)	0.6	$ 4.5
Cash expenditures	(1.5)
Non-cash items	(0.8)
Accrual balance at end	2.8	$ 4.5
HHI Business Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	4.5
Provisions (adjustments)	(0.9)	$ 4.5
Cash expenditures	(1.5)
Non-cash items	(0.8)
Accrual balance at end	1.3	$ 4.5
HHI Business Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning
Provisions (adjustments)	1.5
Cash expenditures
Accrual balance at end	1.5
Global Expense Rationalization Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	5.5	$ 7.3
Provisions (adjustments)	8.3	5.0
Cash expenditures	(8.5)	(7.0)
Non-cash items	(0.2)	0.2
Accrual balance at end	5.1	5.5
Global Expense Rationalization Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	4.1	7.3
Provisions (adjustments)	5.9	3.5
Cash expenditures	(7.0)	(7.0)
Non-cash items	(0.2)	0.3
Accrual balance at end	2.8	4.1
Global Expense Rationalization Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	1.4
Provisions (adjustments)	2.4	1.5
Cash expenditures	(1.5)
Non-cash items		(0.1)
Accrual balance at end	2.3	1.4
Global Cost Reduction Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	1.5	5.3
Provisions (adjustments)	0.1	0.2
Cash expenditures	(1.2)	(4.2)
Non-cash items	(0.1)	0.2
Accrual balance at end	0.3	1.5
Global Cost Reduction Initiatives [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	1.3	4.9
Provisions (adjustments)	0.1	0.2
Cash expenditures	(1.0)	(3.5)
Non-cash items	(0.2)	(0.3)
Accrual balance at end	0.2	1.3
Global Cost Reduction Initiatives [Member] | Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance at beginning	0.2	0.4
Cash expenditures	(0.2)	(0.7)
Non-cash items	0.1	0.5
Accrual balance at end	$ 0.1	$ 0.2

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Income Taxes (Schedule Of Components Of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Current: Federal	$ 3.6	$ 6.2
Current: Foreign	40.4	46.6	$ 47.7
Current: State and local	4.5	4.3	1.3
Total Current	48.5	57.1	49.0
Deferred: Federal	(12.3)	19.7	(23.4)
Deferred: Foreign	11.2	(8.2)	2.2
Deferred: State and local	(3.5)	(9.6)	(0.4)
Total Deferred	(4.6)	1.9	(21.6)
Income tax expense	43.9	59.0	27.4
SB/RH Holdings, LLC [Member]
Current: Federal	3.6	6.2
Current: Foreign	40.4	46.6	47.7
Current: State and local	4.5	4.3	1.3
Total Current	48.5	57.1	49.0
Deferred: Federal	(12.3)	19.7	(23.4)
Deferred: Foreign	11.2	(8.2)	2.2
Deferred: State and local	(3.5)	(9.6)	(0.4)
Total Deferred	(4.6)	1.9	(21.6)
Income tax expense	$ 43.9	$ 59.0	$ 27.4

XML

Fair Value Of Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2015

Derivatives [Abstract]

Fair Values Of Derivative Instruments

	2015				2014
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Derivative Assets	$	6.0	$	6.0	$	14.7	$	14.7
Derivative Liabilities	$	9.8	$	9.8	$	2.1	$	2.1

Carrying Values And Estimated Fair Values For Debt

	2015				2014
	Carrying				Carrying
(in millions)	Amount		Fair Value		Amount		Fair Value
Total debt - Spectrum Brands Holdings, Inc.	$	3,971.0	$	4,085.8	$	2,990.8	$	3,061.5
Total debt - SB/RH Holdings, LLC	$	4,005.7	$	4,120.5	$	3,006.7	$	3,077.4

XML

Significant Accounting Policies And Practices (Schedule Of Trade Accounts Receivable Allowance) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Significant Accounting Policies And Practices [Abstract]
Beginning Balance	$ 48.6	$ 37.4	$ 21.9
Charged to Profit & Loss	6.0	7.4	$ 15.5
Deductions	(6.3)	(2.4)
Other Adjustments	(4.3)	6.2
Ending Balance	$ 44.0	$ 48.6	$ 37.4

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Income Taxes

12 Months Ended

Sep. 30, 2015

Income Taxes [Abstract]

Income Taxes

NOTE 13 - INCOME TAXES

Income tax expense was calculated based upon the following components of income (loss) from operations before income taxes for the years ended September 30, 2015, 2014, and 2013:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
United States	$	3.4	$	80.7	$	(212.1)	$	9.8	$	83.3	$	(204.3)
Outside the United States		189.9		192.8		184.2		189.9		192.8		184.2
Income (loss) from operations before income taxes	$	193.3	$	273.5	$	(27.9)	$	199.7	$	276.1	$	(20.1)

The components of income tax expense for the years ended September 30, 2015, 2014 and 2013 are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
Current tax expense:
U.S. Federal	$	3.6	$	6.2	$	—	$	3.6	$	6.2	$	—
Foreign		40.4		46.6		47.7		40.4		46.6		47.7
State and local		4.5		4.3		1.3		4.5		4.3		1.3
Total current tax expense		48.5		57.1		49.0		48.5		57.1		49.0
Deferred tax expense:
U.S. Federal		(12.3)		19.7		(23.4)		(12.3)		19.7		(23.4)
Foreign		11.2		(8.2)		2.2		11.2		(8.2)		2.2
State and local		(3.5)		(9.6)		(0.4)		(3.5)		(9.6)		(0.4)
Total deferred tax expense		(4.6)		1.9		(21.6)		(4.6)		1.9		(21.6)
Income tax expense	$	43.9	$	59.0	$	27.4	$	43.9	$	59.0	$	27.4

The following reconciles the total income tax expense, based on the U.S. Federal statutory income tax rate of 35%, with the Company’s recognized income tax expense:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	2015		2014		2013		2015		2014		2013
U.S. Statutory federal income tax expense (benefit)	$	67.6	$	95.7	$	(9.8)	$	69.9	$	96.6	$	(7.1)
Permanent items		5.2		4.6		10.1		5.2		4.6		10.1
Foreign statutory rate vs. U.S. statutory rate		(33.8)		(28.7)		(25.1)		(33.8)		(28.7)		(25.1)
State income taxes, net of federal effect		1.7		5.4		(11.7)		1.7		5.4		(11.7)
Residual tax on foreign earnings		24.8		90.9		(7.0)		24.8		90.9		(7.0)
Investment in foreign subsidiary		(23.3)		—		—		(23.3)		—		—
Purchase accounting benefit		(22.8)		—		(49.8)		(22.8)		—		(49.8)
Change in valuation allowance		2.6		(115.6)		114.3		0.5		(116.5)		111.6
Unrecognized tax expense		(1.2)		0.5		4.0		(1.2)		0.5		4.0
Foreign tax law changes		—		(7.6)		—		—		(7.6)		—
Nondeductible share based compensation		2.3		1.4		1.7		2.3		1.4		1.7
Adjustment to prior year NOLs		14.4		—		—		14.4		—		—
Return to provision adjustments and other, net		6.4		12.4		0.7		6.2		12.4		0.7
Income tax expense	$	43.9	$	59.0	$	27.4	$	43.9	$	59.0	$	27.4

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2015 and 2014 are as follows:

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
(in millions)	2015		2014		2015		2014
Deferred tax assets
Employee benefits	$	63.2	$	57.7	$	60.9	$	57.0
Restructuring		4.1		7.0		4.1		7.0
Inventories and receivables		35.2		24.9		35.2		24.9
Marketing and promotional accruals		14.4		16.0		14.4		16.0
Prepaid royalty		6.3		6.6		6.3		6.6
Property, plant and equipment		11.6		7.0		11.6		7.0
Unrealized losses		2.7		0.3		2.7		0.3
Intangibles		6.1		6.7		6.1		6.7
Investment in non-US subsidiaries		23.3		—		23.3		—
Net operating loss and credit carry forwards		447.7		507.5		441.6		502.1
Other		32.8		19.5		32.6		19.2
Total deferred tax assets		647.4		653.2		638.8		646.8
Deferred tax liabilities
Property, plant and equipment		27.1		22.6		27.1		22.6
Unrealized gains		18.6		21.2		18.6		21.2
Intangibles		840.8		728.0		840.8		728.0
Taxes on unremitted foreign earnings		2.4		2.6		2.4		2.6
Other		16.3		15.0		16.3		15.0
Total deferred tax liabilities		905.2		789.4		905.2		789.4
Net deferred tax liabilities		(257.8)		(136.2)		(266.4)		(142.6)
Valuation allowance		(305.4)		(333.1)		(296.8)		(326.7)
Net deferred tax liabilities, net valuation allowance	$	(563.2)	$	(469.3)	$	(563.2)	$	(469.3)
Reported as:
Prepaid expenses and other	$	44.7	$	36.7	$	44.7	$	36.7
Deferred charges and other		3.7		10.0		3.7		10.0
Other current liabilities		(4.6)		(2.8)		(4.6)		(2.8)
Deferred taxes (noncurrent liability)		(607.0)		(513.2)		(607.0)		(513.2)

During the fourth quarter of the year ended September 30, 2015, the Company recognized $23.3 million of deferred tax assets related to its investment in one of its foreign subsidiaries because it is expected to reverse in the foreseeable future.  The Company also recorded a $14.4 million reduction in its net operating loss deferred tax assets, with a corresponding reduction in the valuation allowance, to reflect losses used as a result of prior year adjustments.

To the extent necessary, the Company intends to utilize earnings of foreign subsidiaries in order to support management's plans to voluntarily accelerate pay down of U.S. debt, fund distributions to shareholders, fund U.S. acquisitions and satisfy ongoing U.S. operational cash flow requirements. As a result, current and certain prior period earnings of the Company's non-U.S. subsidiaries are generally not considered to be permanently reinvested, except in jurisdictions where repatriation is either precluded or restricted by law. The Company annually estimates the available earnings, permanent reinvestment classification and the availability of and management’s intent to use alternativemechanisms for repatriation for each jurisdiction in which the Company does business. Accordingly, the Company is providing residual U.S. and foreign deferred taxes on these earnings to the extent they cannot be repatriated in a tax-free manner. The Company has provided residual taxes on $37.5 million of distributions from foreign earnings for the year ended September 30, 2015 with no earnings not yet taxed in the U.S. resulting in a decrease in income tax expense of $0.3 million.  The Company has provided residual taxes on $190.5 million of distributions from foreign earnings for the year ended September 30, 2014 with $3.1 million of earnings not yet taxed in the U.S. resulting in an increase in income tax expense of $0.1 million. For the year ended September 30, 2014, $178.7 million of the distributions related to one-time internal restructuring and external debt refinancing activities. Remaining undistributed earnings of the Company’s foreign operations are $183.8 million at September 30, 2015, and are intended to remain permanently invested. Accordingly, no residual income taxes have been provided on those earnings. If at some future date these earnings cease to be permanently invested, the Company may be subject to U.S. income taxes and foreign withholding and other taxes on such amounts, which cannot be reasonably estimated at this time.

As of September 30, 2015, the Company has U.S. federal net operating loss carryforwards (“NOLs”) of $894.5 million with a federal tax benefit of $313.1 million and tax benefits related to state NOLs of $68.7 million and capital loss carryforwards of $14.2 million with a federal and state tax benefit of $5.4 million. The Company has an additional $59.6 million of federal and state NOLs for which benefits will be recorded to Additional Paid-in Capital when these carryforwards are used. These NOLs expire through years ending in 2035. As of September 30, 2015, the Company has foreign NOLs of $127.6 million which will expire beginning in the Company's fiscal year ending September 30, 2016. Certain of the foreign NOLs have indefinite carryforward periods. The Company is subject to an annual limitation on the use of its NOLs that arose prior to its emergence from bankruptcy in the fiscal year ended September 30, 2009. The Company has had multiple changes of ownership, as defined under Section 382 of the Internal Revenue Code of 1986, as amended, that subject the Company’s U.S. federal and state NOLs and other tax attributes to certain limitations. The annual limitation is based on a number of factors including the value of the Company’s stock (as defined for tax purposes) on the date of the ownership change, its net unrealized gain position on that date, the occurrence of realized gains in years subsequent to the ownership change and the effects of subsequent ownership changes (as defined for tax purposes), if any. Due to these limitations, the Company estimates, as of September 30, 2015, that $272.9 million of the total U.S. federal NOLs with a federal tax benefit of $95.5 million and $16.7 million of the tax benefit related to state NOLs will expire unused even if the Company generates sufficient income to otherwise use all of its NOLs. In addition, separate return year limitations apply to limit the Company’s utilization of the acquired Russell Hobbs U.S. federal and state NOLs to future income of the Russell Hobbs subgroup. The Company also projects, as of September 30, 2015, that $29.4 million of foreign NOLs will not be used. The Company has provided a full valuation allowance against these deferred tax assets.

A valuation allowance is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets depends on the ability of the Company to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions. As of September 30, 2015, the valuation allowance was $305.4 million, of which $268.7 million is related to U.S. net deferred tax assets and $36.7 million is related to foreign net deferred tax assets.  As of September 30, 2014, the valuation allowance was $333.1 million, of which $299.1 million related to U.S. net deferred tax assets and $34.0 million related to foreign net deferred tax assets.  During the year ended September 30, 2015, the Company decreased its valuation allowance for deferred tax assets by $27.7 million, of which $30.4 million related to a decrease in valuation allowance against U.S. net deferred tax asset and $2.7 million related to an increase in the valuation allowance against foreign net deferred tax asset.  As a result of the AAG acquisition, the Company reversed $22.8 million of U.S. valuation allowance during the year ended September 30, 2015.  The reversal was attributable to $22.8 million of net deferred tax liabilities recorded on the AAG acquisition balance sheet which offset other U.S net deferred tax assets.  During the year ended September 30, 2015, the Company recorded valuation allowances of $17.0 million against the deferred tax assets of various Latin America entities as it is more likely than not that the Company will not obtain tax benefits from these assets.  During the year ended September 30, 2014, the Company decreased its valuation allowance for deferred tax assets by $121.5 million, of which $122.6 million related to a decrease in the valuation allowance against U.S. net deferred tax assets and $1.1 million related to an increase in the valuation allowance against foreign net deferred tax assets. As a result of the one time internal restructuring and debt refinancing activities, the Company reversed $62.6 million of U.S. valuation allowance during the year ended September 30, 2014. As a result of the purchase of HHI Business, the Company reversed $49.8 million of U.S. valuation allowance during the year ended September 30, 2013. The reversal was attributable to $49.8 million of net deferred tax liabilities recorded on the HHI Business purchase accounting balance sheet which offset other U.S. net deferred tax assets.

The total amount of unrecognized tax benefits at September 30, 2015 and 2014 are $14.1 million and $11.3 million, respectively. If recognized in the future, $11.4 million of the unrecognized tax benefits as of September 30, 2015 will impact the effective tax rate and $2.7 million of unrecognized tax benefits would create deferred tax assets against which the Company would have a full valuation allowance. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2015 and 2014 the Company had $2.8 million and $3.5 million, respectively, of accrued interest and penalties related to uncertain tax positions. The impact on income tax expense related to interest and penalties for the years ended September 30, 2015, 2014 and 2013 was a net increase of $0.9 million, a net increase of $1.1 million and a net decrease of less than $0.1 million, respectively.  The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2015, 2014 and 2013:

(in millions)	2015		2014		2013
Unrecognized tax benefits, beginning of year	$	11.3	$	13.8	$	5.9
Gross increase – tax positions in prior period		4.1		1.5		9.1
Gross decrease – tax positions in prior period		(1.9)		(1.4)		(0.3)
Gross increase – tax positions in current period		1.8		0.7		0.5
Settlements		(0.9)		(2.5)		(0.1)
Lapse of statutes of limitations		(0.3)		(0.8)		(1.3)
Unrecognized tax benefits, end of year	$	14.1	$	11.3	$	13.8

The Company files income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions and is subject to ongoing examination by the various taxing authorities. The Company’s major taxing jurisdictions are the U.S., United Kingdom and Germany. In the U.S., federal tax filings for years prior to and including the Company’s fiscal year ended September 30, 2011 are closed. However, the federal NOLs from the Company’s fiscal years ended September 30, 2011 and prior are subject to Internal Revenue Service (“IRS”) examination until the year that such net operating loss carryforwards are utilized and those years are closed for audit. Filings in various U.S. state and local jurisdictions are also subject to audit and to date no significant audit matters have arisen.  As of September 30, 2015, certain of the Company’s legal entities are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next twelve months some portion of previously unrecognized tax benefits could be recognized.

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Segment Information

12 Months Ended

Sep. 30, 2015

Segment Information [Abstract]

Segment Information

NOTE 18 - SEGMENT INFORMATION

The Company identifies its segments using the “management approach,” which designates 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; (ii) Hardware & Home Improvement, which was established through the HHI acquisition on December 21, 2012 and 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. 

Net sales relating to the segments for the years ended September 30, 2015, 2014 and 2013 are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Net sales to external customers (in millions)	2015		2014		2013		2015		2014		2013
Consumer batteries	$	829.5	$	957.8	$	931.6	$	829.5	$	957.8	$	931.6
Small appliances		734.6		730.8		740.3		734.6		730.8		740.3
Personal care		528.1		542.1		531.7		528.1		542.1		531.7
Global Batteries & Appliances		2,092.2		2,230.7		2,203.6		2,092.2		2,230.7		2,203.6
Hardware & Home Improvement		1,205.5		1,166.0		869.6		1,205.5		1,166.0		869.6
Global Pet Supplies		758.2		600.5		621.9		758.2		600.5		621.9
Home and Garden		474.0		431.9		390.5		474.0		431.9		390.5
Global Auto Care		160.5		—		—		160.5		—		—
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	4,690.4	$	4,429.1	$	4,085.6

Segment profit does not include corporate expenses, acquisition and integration related charges, restructuring and related charges, impairment charges, interest expense, income tax expense, and other non-operating expenses. Corporate expenses primarily include general and administrative expenses and the costs of stock compensation plans which are evaluated on a consolidated basis and not allocated to the segments. Segment profit in relation to the Company’s reportable segments for the years ended September 30, 2015, 2014 and 2013 is as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Segment Profit (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	240.8	$	256.5	$	237.5	$	240.8	$	256.5	$	237.5
Hardware & Home Improvement		185.2		172.2		88.7		185.2		172.2		88.7
Global Pet Supplies		83.9		82.4		91.1		83.9		82.4		91.1
Home and Garden		111.2		89.3		78.5		111.2		89.3		78.5
Global Auto Care		21.8		—		—		21.8		—		—
Total segment profit		642.9		600.4		495.8		642.9		600.4		495.8
Corporate expense		81.3		75.5		62.2		74.9		72.9		60.5
Acquisition and integration related charges		58.8		20.1		48.4		58.8		20.1		48.4
Restructuring and related charges		28.7		22.9		34.0		28.7		22.9		34.0
Interest expense		271.9		202.1		375.6		271.9		202.1		369.5
Other non-operating expenses, net		8.9		6.3		3.5		8.9		6.3		3.5
Income (loss) from operations before income taxes	$	193.3	$	273.5	$	(27.9)	$	199.7	$	276.1	$	(20.1)

Other financial information relating to the Company’s segments is as follows for the years ended September 30, 2015, 2014 and 2013 and as of September 30, 2015 and 2014:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Depreciation and amortization (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	71.0	$	73.1	$	67.2	$	71.0	$	73.1	$	67.2
Hardware & Home Improvement		39.4		40.4		31.4		39.4		40.4		31.4
Global Pet Supplies		39.7		31.5		29.6		39.7		31.5		29.6
Home and Garden		13.3		12.6		11.7		13.3		12.6		11.7
Global Auto Care		6.6		—		—		6.6		—		—
Total segments		170.0		157.6		139.9		170.0		157.6		139.9
Corporate		—		—		—		—		—		—
Total depreciation and amortization	$	170.0	$	157.6	$	139.9	$	170.0	$	157.6	$	139.9

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Capital expenditures (in millions)	2015		2014		2013		2015		2014		2013
Global Batteries & Appliances	$	48.9	$	40.3	$	47.9	$	48.9	$	40.3	$	47.9
Hardware & Home Improvement		16.3		21.2		23.4		16.3		21.2		23.4
Global Pet Supplies		10.4		5.3		8.3		10.4		5.3		8.3
Home and Garden Business		12.3		6.5		2.4		12.3		6.5		2.4
Global Auto Care		1.2		—		—		1.2		—		—
Total segment capital expenditures		89.1		73.3		82.0		89.1		73.3		82.0
Corporate		—		—		—		—		—		—
Total capital expenditures	$	89.1	$	73.3	$	82.0	$	89.1	$	73.3	$	82.0

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Segment total assets (in millions)	2015		2014		2015		2014
Global Batteries & Appliances	$	2,080.4	$	2,152.0	$	2,080.4	$	2,152.0
Hardware & Home Improvement		1,619.9		1,629.0		1,619.9		1,629.0
Global Pet Supplies		1,125.2		890.4		1,125.2		890.4
Home and Garden		530.9		526.6		530.9		526.6
Global Auto Care		1,543.1		—		1,543.1		—
Total segment assets		6,899.5		5,198.0		6,899.5		5,198.0
Corporate		398.5		315.0		398.4		313.3
Total assets	$	7,298.0	$	5,513.0	$	7,297.9	$	5,511.3

Net sales for the years ended September 30, 2015, 2014 and 2013 and long-lived asset information as of September 30, 2015 and 2014 by geographic area are as follows:

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
Net sales to external parties - Geographic Disclosure (in millions)	2015		2014		2013		2015		2014		2013
United States	$	2,907.9	$	2,640.7	$	2,404.4	$	2,907.9	$	2,640.7	$	2,404.4
Europe/MEA		1,049.8		970.4		910.0		1,049.8		970.4		910.0
Latin America		381.5		414.3		389.7		381.5		414.3		389.7
North America - Other		164.0		196.0		192.3		164.0		196.0		192.3
Asia-Pacific		187.2		207.7		189.2		187.2		207.7		189.2
Net sales	$	4,690.4	$	4,429.1	$	4,085.6	$	4,690.4	$	4,429.1	$	4,085.6

	Spectrum Brands Holdings, Inc.				SB/RH Holdings, LLC
Long-lived assets - Geographic Disclosure (in millions)	2015		2014		2015		2014
United States	$	311.1	$	269.1	$	311.1	$	269.1
Europe/MEA		139.2		92.0		139.2		92.0
Latin America		14.6		23.6		14.6		23.6
North America - Other		2.4		3.9		2.4		3.9
Asia-Pacific		39.8		40.3		39.8		40.3
Total long-lived assets	$	507.1	$	428.9	$	507.1	$	428.9

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Income Taxes (Schedule Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Taxes [Abstract]
Unrecognized tax benefits, beginning of year	$ 11.3	$ 13.8	$ 5.9
Gross increase – tax positions in prior period	4.1	1.5	9.1
Gross decrease – tax positions in prior period	(1.9)	(1.4)	(0.3)
Gross increase – tax positions in current period	1.8	0.7	0.5
Settlements	(0.9)	(2.5)	(0.1)
Lapse of statutes of limitations	(0.3)	(0.8)	(1.3)
Unrecognized tax benefits, end of year	$ 14.1	$ 11.3	$ 13.8

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Description Of Business (Details)	12 Months Ended
	Sep. 30, 2015 segment country item
Description Of Business [Abstract]
Number of countries in which Company sells its products | country	160
Number of major product categories	7
Number of reporting segments | segment	5

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Segment Information (Capital Expenditures Relating To Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	$ 89.1	$ 73.3	$ 82.0
SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	89.1	73.3	82.0
Global Batteries & Appliances [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	48.9	40.3	47.9
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	48.9	40.3	47.9
Hardware & Home Improvement [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	16.3	21.2	23.4
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	16.3	21.2	23.4
Global Pet Supplies [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	10.4	5.3	8.3
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	10.4	5.3	8.3
Home & Garden [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	12.3	6.5	2.4
Home & Garden [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	12.3	6.5	2.4
Global Auto Care [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	1.2
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	1.2
Total Segments [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	89.1	73.3	82.0
Total Segments [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	$ 89.1	$ 73.3	$ 82.0

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Employee Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2015

Employee Benefit Plans [Abstract]

Additional Information On Pension Plans

	U.S. Plans				Non U.S. Plans
(in millions)	2015		2014		2015		2014
Changes in benefit obligation:
Benefit obligation, beginning of year	$	70.9	$	66.9	$	196.2	$	189.2
Obligations assumed from acquisitions		—		—		0.6		—
Transfer of obligation		—		—		(1.8)		—
Service cost		0.4		0.2		2.6		3.0
Interest cost		2.9		3.0		6.2		7.4
Actuarial (gain) loss		3.3		4.3		10.6		8.6
Curtailments		—		—		(0.9)		—
Participant contributions		—		—		—		0.1
Benefits paid		(3.6)		(3.5)		(11.8)		(6.2)
Foreign currency exchange rate changes		—		—		(17.3)		(5.9)
Benefit obligation, end of year	$	73.9	$	70.9	$	184.4	$	196.2
Changes in plan assets:
Fair value of plan assets, beginning of year	$	62.4	$	58.5	$	126.5	$	117.0
Actual return on plan assets		(1.2)		4.8		3.6		7.7
Employer contributions		0.6		2.6		7.8		10.3
Employee contributions		—		—		—		0.1
Benefits paid		(3.6)		(3.5)		(11.8)		(6.2)
Foreign currency exchange rate changes		—		—		(9.2)		(2.4)
Fair value of plan assets, end of year	$	58.2	$	62.4	$	116.9	$	126.5
Funded Status	$	(15.7)	$	(8.5)	$	(67.5)	$	(69.7)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	—	$	1.7
Other accrued expenses		0.6		0.6		2.2		2.9
Other long-term liabilities		15.1		7.9		65.3		68.5
Accumulated other comprehensive income (loss)		(20.4)		(11.7)		(23.4)		(20.9)
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%		3.50 - 5.26%		2.00 - 5.26%
Rate of compensation increase		N/A		N/A		2.25 - 5.50%		2.25 - 5.50%

Amounts Reclassified From Accumulated Other Comprehensive Income (Loss) Associated With Employee Benefit Plan Costs

(in millions)	2015		2014		2013
Cost of goods sold	$	0.6	$	0.6	$	1.5
Selling expenses		0.3		0.3		(0.6)
General and administrative expenses		0.5		0.5		0.4
Amounts reclassified from accumulated other comprehensive loss	$	1.4	$	1.4	$	1.3

Components Of Net Periodic Benefit Cost

	U.S Plans						Non U.S. Plans
(in millions)	2015		2014		2013		2015		2014		2013
Service cost	$	0.4	$	0.2	$	0.2	$	2.6	$	3.0	$	2.8
Interest cost		2.9		3.0		2.8		6.2		7.4		7.1
Expected return on assets		(4.5)		(4.1)		(3.7)		(5.2)		(5.8)		(5.0)
Curtailment		—		—		—		0.7		(0.1)		(0.7)
Recognized net actuarial loss		0.2		0.1		1.2		1.3		1.4		0.9
Net periodic benefit cost	$	(1.0)	$	(0.8)	$	0.5	$	5.6	$	5.9	$	5.1
Weighted average assumptions
Discount rate	4.15%		4.65%		3.75%		2.00 - 13.50%		2.25 - 12.50%		1.75 - 13.00%
Expected return on plan assets	7.50%		7.75%		7.75%		2.00 - 5.26%		4.00 - 5.76%		3.60 - 5.00%
Rate of compensation increase	N/A		N/A		N/A		2.25 - 5.50%		2.25 - 5.50%		2.25 - 5.50%

Summary Of Allocation Of Pension Plan Assets

	US Plans				Non U.S. Plans
Asset Type	2015		2014		2015		2014
Equity Securities	63	%	61	%	6	%	6	%
Fixed Income Securities	35	%	37	%	25	%	22	%
Other	2	%	2	%	69	%	72	%
Total	100	%	100	%	100	%	100	%

Fair Value Of Pension Plan Assets By Asset Category

As of September 30, 2015 (in millions)	Level 1		Level 2		Level 3		Total
Equity Securities
U.S. equity securities	$	18.6	$	7.1	$	—	$	25.7
Foreign equity securities		10.5		6.2		—		16.7
Debt Securities
U.S. bonds		18.2		1.3		—		19.5
Foreign bonds		3.0		15.1		—		18.1
Foreign government bonds		—		11.2		—		11.2
Real estate		1.2		6.0		—		7.2
Life insurance contracts		—		35.5		—		35.5
Other		—		33.1		—		33.1
Foreign cash & cash equivalents		8.1		—		—		8.1
Total plan assets	$	59.6	$	115.5	$	—	$	175.1
As of September 30, 2014 (in millions)	Level 1		Level 2		Level 3		Total
Equity Securities
U.S. equity securities	$	19.9	$	7.1	$	—	$	27.0
Foreign equity securities		11.1		7.6		—		18.7
Debt Securities
U.S. bonds		4.0		15.2		—		19.2
Foreign bonds		3.1		20.5		—		23.6
Foreign government bonds		—		8.5		—		8.5
Real estate		1.3		5.9		—		7.2
Life insurance contracts		—		37.7		—		37.7
Other		—		38.7		—		38.7
Foreign cash & cash equivalents		6.4		1.9		—		8.3
Total plan assets	$	45.8	$	143.1	$	—	$	188.9

Schedule Of Benefit Payments Expected To Be Paid

(in millions)	US Plans		Non U.S. Plans
2016	$	3.9	$	5.4
2017		3.8		5.7
2018		4.0		6.1
2019		4.2		6.9
2020		4.2		6.8
2021-2025		21.5		39.4

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Segment Information (Net Sales By Geographic Area) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 4,690.4	$ 4,429.1	$ 4,085.6
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,907.9	2,640.7	2,404.4
Europe/MEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,049.8	970.4	910.0
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	381.5	414.3	389.7
North America - Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	164.0	196.0	192.3
Asia-Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	187.2	207.7	189.2
SB/RH Holdings, LLC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	4,690.4	4,429.1	4,085.6
SB/RH Holdings, LLC [Member] | United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,907.9	2,640.7	2,404.4
SB/RH Holdings, LLC [Member] | Europe/MEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,049.8	970.4	910.0
SB/RH Holdings, LLC [Member] | Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	381.5	414.3	389.7
SB/RH Holdings, LLC [Member] | North America - Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	164.0	196.0	192.3
SB/RH Holdings, LLC [Member] | Asia-Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 187.2	$ 207.7	$ 189.2

XML

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 30, 2014	Jun. 29, 2014	Mar. 30, 2014	Dec. 29, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Net income (loss)	$ 26.4	$ 44.9	$ 27.8	$ 49.8	$ 47.9	$ 78.1	$ 33.8	$ 54.3	$ 149.4	$ 214.5	$ (55.3)
Other comprehensive income (loss), net of tax:
Foreign currency translation loss									(113.0)	(32.6)	(6.6)
Unrealized (loss) gain on derivatives, net tax of 3.0, 4.2 and (0.4), respectively									(13.2)	11.5	(2.5)
Defined benefit pension (loss) gain, net tax of 0.5, (1.6) and 5.2, respectively									(11.0)	(3.6)	4.2
Other comprehensive income (loss), net of tax									(137.2)	(24.7)	(4.9)
Comprehensive income (loss)									12.2	189.8	(60.2)
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.4	0.1
Comprehensive income (loss) attributable to controlling interest									12.4	189.4	(60.3)
SB/RH Holdings, LLC [Member]
Net income (loss)	$ 28.4	$ 46.6	$ 29.6	$ 50.8	$ 48.5	$ 78.6	$ 34.9	$ 54.8	155.8	217.1	(47.5)
Other comprehensive income (loss), net of tax:
Foreign currency translation loss									(113.0)	(32.5)	(6.6)
Unrealized (loss) gain on derivatives, net tax of 3.0, 4.2 and (0.4), respectively									(13.2)	11.5	(2.5)
Defined benefit pension (loss) gain, net tax of 0.5, (1.6) and 5.2, respectively									(11.0)	(3.6)	4.2
Other comprehensive income (loss), net of tax									(137.2)	(24.6)	(4.9)
Comprehensive income (loss)									18.6	192.5	(52.4)
Comprehensive (loss) income attributable to non-controlling interest									(0.2)	0.4	0.1
Comprehensive income (loss) attributable to controlling interest									$ 18.8	$ 192.1	$ (52.5)

XML

Employee Benefit Plans (Fair Value Of Pension Plan Assets By Asset Category) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 175.1	$ 188.9
U.S. Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	58.2	62.4	$ 58.5
International Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	116.9	126.5	$ 117.0
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	59.6	45.8
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 115.5	$ 143.1
Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Equity Securities [Member] | U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 25.7	$ 27.0
Equity Securities [Member] | Foreign Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	16.7	18.7
Equity Securities [Member] | Level 1 [Member] | U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18.6	19.9
Equity Securities [Member] | Level 1 [Member] | Foreign Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10.5	11.1
Equity Securities [Member] | Level 2 [Member] | U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.1	7.1
Equity Securities [Member] | Level 2 [Member] | Foreign Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 6.2	$ 7.6
Equity Securities [Member] | Level 3 [Member] | U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Equity Securities [Member] | Level 3 [Member] | Foreign Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Debt Securities [Member] | U.S. Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 19.5	$ 19.2
Debt Securities [Member] | Foreign Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18.1	23.6
Debt Securities [Member] | Foreign Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	11.2	8.5
Debt Securities [Member] | Level 1 [Member] | U.S. Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18.2	4.0
Debt Securities [Member] | Level 1 [Member] | Foreign Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.0	3.1
Debt Securities [Member] | Level 2 [Member] | U.S. Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.3	15.2
Debt Securities [Member] | Level 2 [Member] | Foreign Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15.1	20.5
Debt Securities [Member] | Level 2 [Member] | Foreign Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 11.2	$ 8.5
Debt Securities [Member] | Level 3 [Member] | U.S. Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Debt Securities [Member] | Level 3 [Member] | Foreign Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Debt Securities [Member] | Level 3 [Member] | Foreign Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 7.2	$ 7.2
Real Estate [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.2	1.3
Real Estate [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 6.0	$ 5.9
Real Estate [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Life Insurance Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 35.5	$ 37.7
Life Insurance Contracts [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 35.5	$ 37.7
Life Insurance Contracts [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 33.1	$ 38.7
Other [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 33.1	$ 38.7
Other [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Foreign Cash And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 8.1	$ 8.3
Foreign Cash And Cash Equivalents [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 8.1	6.4
Foreign Cash And Cash Equivalents [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 1.9
Foreign Cash And Cash Equivalents [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets

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Significant Accounting Policies And Practices

12 Months Ended

Sep. 30, 2015

Significant Accounting Policies And Practices [Abstract]

Significant Accounting Policies And Practices

NOTE 2 - Significant Accounting Policies and Practices

Principles of Consolidation and Fiscal Year End

The consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries and have been prepared in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”). All intercompany transactions have been eliminated.

The Company’s fiscal year ends on September 30.  Throughout the year, the Company reports its results using fiscal quarters whereby each three month quarterly reporting period is approximately thirteen weeks in length and ends on a Sunday.  The exceptions are the first quarter, which begins on October 1, and the fourth quarter, which ends on September 30.  For the year ended September 30, 2015, the fiscal quarters were comprised of the three months ended December 28, 2014, and March 29, June 28 and September 30, 2015.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financialstatements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid temporary instruments purchased with original maturities of three months or less from date of purchase to be cash equivalents.

Receivables

Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, but generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and will make adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment or return for a given customer.  The allowance for uncollectible receivables as of September 30, 2015 and 2014 was $44.0 million and $48.6 million, respectively.  The following is a rollforward of the allowance for the years ended September 30, 2015, 2014 and 2013:

	Beginning		Charged to				Other		Ending
(in millions)	Balance		Profit & Loss		Deductions		Adjustments		Balance
September 30, 2015	$	48.6	$	6.0	$	(6.3)	$	(4.3)	$	44.0
September 30, 2014	$	37.4	$	7.4	$	(2.4)	$	6.2	$	48.6
September 30, 2013	$	21.9	$	15.5	$	-	$	-	$	37.4

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 major customer represented 15%,  16% and 18% of the Company’s Net Sales during years ended September 30, 2015,  2014 and 2013, respectively. This major customer also represented 16% and 14% of the Company’s Trade Receivables as of September 30, 2015 and 2014, respectively.

Inventories

The Company’s inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (FIFO) method.  See Note 6, “Inventory” for further detail.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost.  Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Plant and equipment held under capital leases are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset; such amortization is included in depreciation expense.  The Company uses accelerated depreciation methods for income tax purposes.  Useful lives for property, plant and equipment are as follows:

Asset Type	Range
Buildings and improvements	20 - 40 years
Machinery and equipment	2 - 15 years

Expenditures which substantially increase value or extend useful lives are capitalized.  Expenditures for maintenance and repairs are charged to operations as incurred.  The Company records gains and losses on the disposition or retirement of property, plant and equipment based on the net book value and any proceeds received.

Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable.  Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review.  If such indicators are present, the Company performs undiscounted cash flow analyses to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the year that necessitated an impairment test over property, plant and equipment.  Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

See Note 7, “Property, plant and equipment” for further detail.

Goodwill

Goodwill reflects the excess of acquisition cost over the aggregate fair value assigned to identifiable net assets acquired.  Goodwill is not amortized, but instead is assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified. Goodwill has been assigned to reporting units for purposes of impairment testing based upon the relative fair value of the asset to each reporting unit; our reporting units are consistent with our segments (See Note 18, “Segment Information” for further discussion).  The Company performs its annual impairment test in the fourth quarter of its fiscal year. 

Impairment of goodwill is evaluated using a two-step approach.  In the first step, the fair value of each reporting unit is compared to its carrying value, including goodwill.  In estimating the fair value of our reporting units, we use a discounted cash flow methodology, which requires us to estimate future revenues,  expenses, and capital expenditures and make assumptions about our weighted average cost of capital and perpetuity growth rate, among other variables.  We test the aggregateestimated fair value of our reporting units by comparison to our total market capitalization, including both equity and debt capital. If the fair value of a reporting unit is less than its carrying value, step two is performed.  For step two, the implied fair value of goodwill is calculated by deducting the fair value of all tangible and intangible net assets, including unrecognized intangible assets, of the reporting unit from the fair value of the reporting unit.  If the implied fair value of goodwill is less than its carrying value, an impairment loss would be recognized equal to that excess.  The fair values of the Global Batteries & Appliances, Hardware and Home Improvement, Global Pet Supplies and Home & Garden reporting units exceeded their carrying values by 54%,  38%,  29% and 66%, respectively.  As a result, a step two analysis was not required and there were no reporting units that were deemed at risk of impairment.

As a result of the AAG acquisition in the third quarter of the year ended September 30, 2015, a new reporting unit and segment was established, Global Auto Care.  Due to the recent closing of the acquisition and the measurement of the net assets acquired at fair value in acquisition accounting, a qualitative assessment of the carrying value of goodwill was performed for this reporting unit.  This included evaluation of factors such as macroeconomic conditions, industry and market conditions, cost factors, overall financial performance and reporting unit factors, among others.  Based on its qualitative assessment, management concluded that it is not more likely than not that the fair value of this reporting unit is less than its carrying amount, and a  quantitative impairment test of the acquired goodwill for Global Auto Care was not deemed necessary.

See Note 8 “Goodwill and Intangible Assets” for further detail.

Intangible Assets

Intangible assets are recorded at cost or at estimated fair value if acquired in a business combination. Customer lists, proprietary technology and certain trade name intangibles are amortized, using the straight-line method, over their estimated useful lives. The range and weighted average useful lives for definite-lived intangibles 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

Definite-lived intangible assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be recoverable.  If indicators of potential impairment are identified, the Company performs undiscounted cash flow analysis to determine if impairment exists.  The asset value would be deemed impaired if the undiscounted cash flows expected to be generated by the asset did not exceed its carrying value.  If impairment is determined to exist, any related impairment loss is calculated based on fair value.  There were no triggering events identified during the years ended September 30, 2015, 2014 and 2013 that necessitated an impairment test over definite-lived intangible assets. 

Certain trade name intangible assets have an indefinite life and are not amortized; but instead are assessed for impairment at least annually and as triggering events or indicators of potential impairment are identified.  The Company performs its annual impairment test in the fourth quarter of its fiscal year.  Impairment of indefinite lived intangible assets is assessed by comparing the estimated fair value of the identified trade names to their carrying value to determine if potential impairment exists.  If the fair value is less than the carrying value, an impairment loss is recorded for the excess.  The fair value of indefinite-lived intangible assets is determined using an income approach, the relief from royalty methodology, which requires us to make estimates and assumptions about future revenues, royalty rates, and the discount rate, among others.  The fair value of our indefinite life tradenames exceeded their carrying values as of the date of our latest annual impairment testing and there was no impairment of our indefinite lived intangible assets for the years ended September 30, 2015, 2014 and 2013. 

See Note 8 “Goodwill and Intangible Assets” for further detail.

Debt Issuance Costs

Debt issuance costs are capitalized and amortized to interest expense using the effective interest method over the lives of the related debt agreements.  Debt issuance costs were $65.1 million and $51.1 million as of September 30, 2015 and 2014, respectively, and are included in Deferred Charges and Other Assets in the Consolidated Statements of Financial Position.  Amortization of debt issuance costs is recognized as Interest Expense in the Consolidated Statements of Operations.

Financial Instruments

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Derivative assets and liabilities are reported at fair value in the Consolidated Statements of Financial Position.  When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge.  Depending on the nature of derivatives designated as hedging instruments, changes in fair value are either offset against the change in fair value of the hedged assets or liability through earnings or recognized in shareholders’ equity through other comprehensive income until the hedged item is recognized.   Any ineffective portion of a financial instrument’s change in fair value is recognized in earnings. For derivatives that do not qualify for hedge accounting treatment, the change in the fair value is recognized in earnings.  See Note 11, “Derivatives” for further detail.

Treasury Stock

Treasury stock purchases are stated at cost and presented as a separate reduction of shareholders’ equity.

Revenue Recognition

The Company recognizes revenue from product sales generally upon delivery to the customer, or at the shipping point in situations where the customer picks up the product or where delivery terms so stipulate. This represents the point at which title and all risks and rewards of ownership of the product are passed, provided that: there are no uncertainties regarding customer acceptance, there is persuasive evidence that an arrangement exists, the price to the buyer is fixed or determinable and ability to collect is deemed reasonably assured. The provision for customer returns is based on historical sales and returns and other relevant information. The Company estimates and accrues the cost of returns, which are treated as a reduction of Net Sales. 

The Company enters into promotional arrangements, primarily with retail customers, that entitle such retailers to earn cash rebates from the Company.  These arrangements require the Company to estimate and accrue the costs of these programs, which are treated as a reduction of Net Sales.

The Company enters into promotional arrangements that target the ultimate consumer. The costs associated with such arrangements are treated as either a reduction in Net Sales or an increase in Cost of Goods Sold, based on the type of promotional program.  The Company monitors its commitments under all promotion arrangements and uses various measures, including past experience, to estimate the earned, but unpaid, promotional costs. The terms of the Company’s customer-related promotional arrangements and programs are tailored to each customer and documented through written contracts, correspondence or other communications with the individual customers.

The Company also enters into various arrangements, primarily with retail customers, which require the Company to make upfront cash, or “slotting” payments, in order to secure the right to distribute through such customers. The Company capitalizes slotting payments provided the payments are supported by a time or volume based arrangement with the retailer, and amortizes the associated payment over the appropriate time or volume-based term of the arrangement. Capitalized slotting payments are reported in the Consolidated Statements of Financial Position as Deferred Charges and Other Assets and related amortization is treated as a reduction in Net Sales.

Shipping and Handling Costs

Shipping and handling costs include costs incurred with third-party carriers to transport products to customers and salaries and overhead costs related to activities to prepare the Company’s products for shipment at the Company’s distribution facilities.  Shipping and handling costs was $272.9 million, $260.3 million and $246.1 million during the years ended September 30, 2015,  2014 and 2013, respectively.  Shipping and handling costs are included in Selling Expenses in the Consolidated Statements of Operations

Advertising Costs

Advertising costs include agency fees and other costs to create advertisements, as well as costs paid to third parties to print or broadcast the Company’s advertisements and are expensed as incurred.  The Company incurred advertising costs of $35.0 million, $21.4 million and $23.0 million during the years ended September 30, 2015,  2014 and 2013, respectively. Advertising costs are included in Selling Expenses in the Company’s Consolidated Statements of Operations.

Research and Development Costs

Research and development costs are charged to expense in the period they are incurred.

Environmental Expenditures

Environmental expenditures that relate to current ongoing operations or to conditions caused by past operations are expensed or capitalized as appropriate. The Company determines its liability for environmental matters on a site-by-site basis and records a liability at the time when it is probable that a liability has been incurred and such liability can be reasonably estimated. The estimated liability is not reduced for possible recoveries from insurance carriers. Estimated environmental remediation expenditures are included in the determination of the net realizable value recorded for assets held for sale.

Restructuring and Related Charges

Restructuring charges include, but are not limited to, the costs of one-time termination benefits such as severance costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs. Related charges, as defined by the Company, include, but are not limited to, other costs directly associated with exit and relocation activities, including impairment of property and other assets, departmental costs of full-time incremental employees, and any other items related to the exit or relocation activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred.

Liabilities from restructuring and related charges are recorded for estimated costs of facility closures, significant organizational adjustments and measures undertaken by management to exit certain activities. Costs for such activities are estimated by management after evaluating detailed analyses of the costs to be incurred. Such liabilities could include amounts for items such as severance costs and related benefits, impairment of property and equipment and other current or long term assets, lease termination payments and any other items directly related to the exit activities.

Restructuring and related charges associated with manufacturing and related initiatives are recorded in Cost of Goods Sold. Restructuring and related charges reflected in Cost of Goods Sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives and other costs directly related to the manufacturing component of the restructuring initiative.  Restructuring and related charges associated with administrative functions are recorded in operating expenses, such as initiatives impacting sales, marketing, distribution or other non-manufacturing related functions. Restructuring and related charges reflected in operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the administrative functions and other costs directly related to the administrative components of the restructuring initiatives implemented.  See Note 4, “Restructuring and Related Charges” for further detail.

Acquisition and Integration Related Charges

Acquisition and integration related charges include, but are not limited to, transaction costs such as banking, legal, accounting and other professional fees directly related to both consummated acquisitions and acquisition targets, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with integration activity.  See Note 3, “Acquisitions” for further detail.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income tax expense. 

See Note 13, “Income Taxes” for further detail.

Foreign Currency Translation

Local currencies are considered the functional currencies for most of the Company’s operations outside the United States. Assets and liabilities of the Company’s foreign subsidiaries are translated at the rate of exchange existing at year-end, with revenues, expenses and cash flows translated at the average of the monthly exchange rates. Adjustments resulting from translation of the financial statements are recorded as a component of Accumulated other comprehensive income (loss) (“AOCI”). Also included in AOCI are the effects of exchange rate changes on intercompany balances of a long-term investment nature.  See Note 16, “Accumulated Other Comprehensive Income” for further detail.

Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in Other Non-Operating Expense, Net in the Consolidated Statements of Operations in the period they occur. Exchange losses on foreign currency transactions were $9.6 million, $6.8 million, and $9.4 million for the years ended September 30, 2015,  2014 and 2013, respectively.

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Acquisitions (Summary Of Acquisition And Integration Related Charges) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Business Acquisition [Line Items]
Acquisition and integration related charges	$ 58.8	$ 20.1	$ 48.4
Armored AutoGroup [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	21.8
Salix Animal Health LLC [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	10.7
HHI Business Rationalization Initiatives [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	12.0	$ 11.0	36.9
European IAMS And Eukanuba [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	9.3
Tell Manufacturing, Inc. [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	1.9
Liquid Fence [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	1.5	$ 3.5
Other [Member]
Business Acquisition [Line Items]
Acquisition and integration related charges	$ 1.6	$ 5.6	$ 11.5

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Derivatives (Gain (Loss) Associated With Derivative Contracts Not Designated As Hedges) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives	$ (2.6)	$ 3.0	$ (3.7)
Commodity Contracts [Member] | Cost Of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives	(0.1)	(0.1)	(0.1)
Foreign Exchange Contracts [Member] | Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives	$ (2.5)	$ 3.1	$ (3.6)

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Segment Information (Segment Total Assets Relating To Segments) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 7,298.0	$ 5,513.0
SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,297.9	5,511.3
Global Batteries & Appliances [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,080.4	2,152.0
Global Batteries & Appliances [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,080.4	2,152.0
Hardware & Home Improvement [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,619.9	1,629.0
Hardware & Home Improvement [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,619.9	1,629.0
Global Pet Supplies [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,125.2	890.4
Global Pet Supplies [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,125.2	890.4
Home & Garden [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	530.9	526.6
Home & Garden [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	530.9	526.6
Global Auto Care [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,543.1
Global Auto Care [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,543.1
Total Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	6,899.5	5,198.0
Total Segments [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	6,899.5	5,198.0
Corporate [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	398.5	315.0
Corporate [Member] | SB/RH Holdings, LLC [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 398.4	$ 313.3

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Goodwill And Intangible Assets (Changes In The Carrying Amount Of Goodwill By Reporting Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 1,469.6	$ 1,476.7
Adjustments		3.5
Foreign currency impact	(47.6)	(17.7)
Goodwill, Ending Balance	2,476.7	1,469.6
Global Batteries & Appliances [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	327.4	333.5
Foreign currency impact	(17.8)	(6.1)
Goodwill, Ending Balance	348.5	327.4
Hardware & Home Improvement [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	709.8	714.7
Adjustments		3.5
Foreign currency impact	(17.4)	(8.4)
Goodwill, Ending Balance	699.5	709.8
Global Pet Supplies [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	235.9	239.1
Foreign currency impact	(11.8)	(3.2)
Goodwill, Ending Balance	299.6	235.9
Home & Garden [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 196.5	$ 189.4
Foreign currency impact
Goodwill, Ending Balance	$ 196.5	$ 196.5
Global Auto Care [Member]
Goodwill [Line Items]
Foreign currency impact	(0.6)
Goodwill, Ending Balance	932.6
Liquid Fence [Member]
Goodwill [Line Items]
Acquisition		7.1
Liquid Fence [Member] | Home & Garden [Member]
Goodwill [Line Items]
Acquisition		$ 7.1
Armored AutoGroup [Member]
Goodwill [Line Items]
Acquisition	972.1
Armored AutoGroup [Member] | Global Batteries & Appliances [Member]
Goodwill [Line Items]
Acquisition	38.9
Armored AutoGroup [Member] | Global Auto Care [Member]
Goodwill [Line Items]
Acquisition	933.2
European IAMS And Eukanuba [Member]
Goodwill [Line Items]
Acquisition	4.0
European IAMS And Eukanuba [Member] | Global Pet Supplies [Member]
Goodwill [Line Items]
Acquisition	4.0
Salix Animal Health LLC [Member]
Goodwill [Line Items]
Acquisition	71.5
Salix Animal Health LLC [Member] | Global Pet Supplies [Member]
Goodwill [Line Items]
Acquisition	71.5
Tell Manufacturing, Inc. [Member]
Goodwill [Line Items]
Acquisition	7.1
Tell Manufacturing, Inc. [Member] | Hardware & Home Improvement [Member]
Goodwill [Line Items]
Acquisition	$ 7.1

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Earnings Per Share

12 Months Ended

Sep. 30, 2015

Earnings Per Share - SBH [Abstract]

Earning Per Share

NOTE 19 - EARNINGS PER SHARE - SBH

Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the dilution that would occur if restricted stock units were converted into common shares that then shared in the net income (loss) of the entity, as long as their effect is not antidilutive. In computing diluted earnings per share, basic earnings per share is adjusted for the assumed issuance of potentially diluted share-based awards, including restricted stock units.  The Company uses the treasury stock method to reflect dilution of restricted stock units.

The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the years ended September 30, 2015, 2014 and 2013, is as follows:

(in millions, except per share amounts)	2015		2014		2013
Numerator
Net income (loss) attributable to controlling interest	$	148.9	$	214.1	$	(55.2)
Denominator
Weighted average common shares outstanding - basic		55.6		52.6	-	52.0
Dilutive shares		0.3		0.7		-
Weighted average common shares outstanding - diluted		55.9		53.3		52.0
Earnings per share
Basic earnings per share	$	2.68	$	4.07	$	(1.06)
Diluted earnings per share	$	2.66	$	4.02	$	(1.06)
Weighted average number of anti-dilutive shares excluded from denominator
Restricted stock units		0.1		0.1	-	1.1

Performance based restricted stock units are considered anti-dilutive if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period.  During the year ended September 30, 2013, the Company did not assume the exercise of common stock equivalents for restricted stock units as the impact would have been antidilutive due to the net loss in the period.

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Debt (Aggregate Scheduled Maturities Of Debt And Capital Lease Obligations) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
2016	$ 33.8
2017	22.5
2018	21.7
2019	21.0
2020	20.9
Thereafter	3,857.9
Total debt	3,977.8	$ 2,997.1
Obligations Under Capital Leases [Member]
Debt Instrument [Line Items]
2016	7.2
2017	7.1
2018	6.3
2019	5.6
2020	5.5
Thereafter	56.5
Total debt	88.2
Debt [Member]
Debt Instrument [Line Items]
2016	26.6
2017	15.4
2018	15.4
2019	15.4
2020	15.4
Thereafter	3,801.4
Total debt	3,889.6
SB/RH Holdings, LLC [Member]
Debt Instrument [Line Items]
2016	68.7
2017	22.4
2018	21.7
2019	21.0
2020	20.9
Thereafter	3,857.8
Total debt	4,012.5	$ 3,012.9
SB/RH Holdings, LLC [Member] | Obligations Under Capital Leases [Member]
Debt Instrument [Line Items]
2016	7.3
2017	7.0
2018	6.3
2019	5.6
2020	5.5
Thereafter	56.5
Total debt	88.2
SB/RH Holdings, LLC [Member] | Debt [Member]
Debt Instrument [Line Items]
2016	61.4
2017	15.4
2018	15.4
2019	15.4
2020	15.4
Thereafter	3,801.3
Total debt	$ 3,924.3

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Debt (Tables)

12 Months Ended

Sep. 30, 2015

Debt [Abstract]

Schedule Of Debt

	Spectrum Brands Holdings, Inc.								SB/RH Holdings, LLC
	2015				2014				2015				2014
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Term loan, variable rate, due June 23, 2022	$	1,226.9	3.9	%	$	—	—	%	$	1,226.9	3.9	%	$	—	—	%
Term loan, variable rate, due September 4, 2017 (Tranche A)		—	—	%		648.4	3.0	%		—	—	%		648.4	3.0	%
Term loan, variable rate, due September 4, 2019 (Tranche C)		—	—	%		509.9	3.6	%		—	—	%		509.9	3.6	%
CAD Term Loan, variable rate, due June 23, 2022		55.7	4.4	%		—	—	%		55.7	4.4	%		—	—	%
CAD Term Loan, variable rate, due December 17, 2019		—	—	%		34.2	5.1	%		—	—	%		34.2	5.1	%
Euro Term Loan, variable rate, due June 23, 2022		255.8	3.5	%		—	—	%		255.8	3.5	%		—	—	%
Euro Term Loan, variable rate, due September 4, 2019		—	—	%		283.3	3.8	%		—	—	%		283.3	3.8	%
5.75% Notes, due July 15, 2025		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	%		—	—	%
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	%
6.75% Notes, due March 15, 2020		—	—	%		300.0	6.8	%		—	—	%		300.0	6.8	%
Revolver Facility, variable rate, expiring June 23, 2020		—	—	%		—	—	%		—	—	%		—	—	%
Other notes and obligations		11.2	10.2	%		36.6	8.8	%		45.9	4.9	%		52.4	6.7	%
Obligations under capital leases		88.2	5.7	%		94.7	6.1	%		88.2	5.7	%		94.7	6.1	%
Total debt		3,977.8				2,997.1				4,012.5				3,012.9
Unamortized discount on debt		(6.8)				(6.3)				(6.8)				(6.2)
Less current portion		(33.8)				(96.7)				(68.5)				(112.6)
Long-term debt, net of current portion	$	3,937.2			$	2,894.1			$	3,937.2			$	2,894.1

Aggregate Scheduled Maturities Of Debt And Capital Lease Obligations

	Spectrum Brands Holdings, Inc.						SB/RH Holdings, LLC
(in millions)	Capital Lease Obligations		Debt		Total		Capital Lease Obligations		Debt		Total
2016	$	7.2	$	26.6	$	33.8	$	7.3	$	61.4	$	68.7
2017		7.1		15.4		22.5		7.0		15.4		22.4
2018		6.3		15.4		21.7		6.3		15.4		21.7
2019		5.6		15.4		21.0		5.6		15.4		21.0
2020		5.5		15.4		20.9		5.5		15.4		20.9
Thereafter		56.5		3,801.4		3,857.9		56.5		3,801.3		3,857.8
Long-term debt	$	88.2	$	3,889.6	$	3,977.8	$	88.2	$	3,924.3	$	4,012.5

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Employee Benefit Plans

12 Months Ended

Sep. 30, 2015

Employee Benefit Plans [Abstract]

Employee Benefit Plans

NOTE 12 - EMPLOYEE BENEFIT PLANS

Pension Benefits

The Company has various defined benefit pension plans covering some of its employees in the United States and certain employees in other countries, primarily the United Kingdom and Germany. Plans generally provide benefits of stated amounts for each year of service. The Company funds its U.S. pension plans in accordance with the requirements of the defined benefit pension plans and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with the Company’s funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries.  The Company also sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are covered by local law or coordinated with government-sponsored plans, which are not significant in the aggregate and therefore are not included in the information presented below. The Company also has various nonqualified deferred compensation agreements with certain of its employees. Under certain of these agreements, the Company has agreed to pay certain amounts annually for the first 15 years subsequent to retirement or to a designated beneficiary upon death. It is management’s intent that life insurance contracts owned by the Company will fund these agreements. Under the remaining agreements, the Company has agreed to pay such deferred amounts in up to 15 annual installments beginning on a date specified by the employee, subsequent to retirement or disability, or to a designated beneficiary upon death.

The following tables provide additional information on the Company’s pension plans as of September 30, 2015 and 2014: 

	U.S. Plans				Non U.S. Plans
(in millions)	2015		2014		2015		2014
Changes in benefit obligation:
Benefit obligation, beginning of year	$	70.9	$	66.9	$	196.2	$	189.2
Obligations assumed from acquisitions		—		—		0.6		—
Transfer of obligation		—		—		(1.8)		—
Service cost		0.4		0.2		2.6		3.0
Interest cost		2.9		3.0		6.2		7.4
Actuarial (gain) loss		3.3		4.3		10.6		8.6
Curtailments		—		—		(0.9)		—
Participant contributions		—		—		—		0.1
Benefits paid		(3.6)		(3.5)		(11.8)		(6.2)
Foreign currency exchange rate changes		—		—		(17.3)		(5.9)
Benefit obligation, end of year	$	73.9	$	70.9	$	184.4	$	196.2
Changes in plan assets:
Fair value of plan assets, beginning of year	$	62.4	$	58.5	$	126.5	$	117.0
Actual return on plan assets		(1.2)		4.8		3.6		7.7
Employer contributions		0.6		2.6		7.8		10.3
Employee contributions		—		—		—		0.1
Benefits paid		(3.6)		(3.5)		(11.8)		(6.2)
Foreign currency exchange rate changes		—		—		(9.2)		(2.4)
Fair value of plan assets, end of year	$	58.2	$	62.4	$	116.9	$	126.5
Funded Status	$	(15.7)	$	(8.5)	$	(67.5)	$	(69.7)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	—	$	1.7
Other accrued expenses		0.6		0.6		2.2		2.9
Other long-term liabilities		15.1		7.9		65.3		68.5
Accumulated other comprehensive income (loss)		(20.4)		(11.7)		(23.4)		(20.9)
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%		3.50 - 5.26%		2.00 - 5.26%
Rate of compensation increase		N/A		N/A		2.25 - 5.50%		2.25 - 5.50%

Amounts reclassified from Accumulated Other Comprehensive Loss associated with employee benefit plan costs and recognized on the Company’s Consolidated Statements of Operations for the years ended September 30, 2015, 2014 and 2013 were as follows:

(in millions)	2015		2014		2013
Cost of goods sold	$	0.6	$	0.6	$	1.5
Selling expenses		0.3		0.3		(0.6)
General and administrative expenses		0.5		0.5		0.4
Amounts reclassified from accumulated other comprehensive loss	$	1.4	$	1.4	$	1.3

The net loss in Accumulated Other Comprehensive Loss expected to be recognized during the year ended September 30, 2016 is $2.4 million. 

The following table contains the components of net periodic benefit cost for the years ended September 30, 2015, 2014 and 2013:

	U.S Plans						Non U.S. Plans
(in millions)	2015		2014		2013		2015		2014		2013
Service cost	$	0.4	$	0.2	$	0.2	$	2.6	$	3.0	$	2.8
Interest cost		2.9		3.0		2.8		6.2		7.4		7.1
Expected return on assets		(4.5)		(4.1)		(3.7)		(5.2)		(5.8)		(5.0)
Curtailment		—		—		—		0.7		(0.1)		(0.7)
Recognized net actuarial loss		0.2		0.1		1.2		1.3		1.4		0.9
Net periodic benefit cost	$	(1.0)	$	(0.8)	$	0.5	$	5.6	$	5.9	$	5.1
Weighted average assumptions
Discount rate	4.15%		4.65%		3.75%		2.00 - 13.50%		2.25 - 12.50%		1.75 - 13.00%
Expected return on plan assets	7.50%		7.75%		7.75%		2.00 - 5.26%		4.00 - 5.76%		3.60 - 5.00%
Rate of compensation increase	N/A		N/A		N/A		2.25 - 5.50%		2.25 - 5.50%		2.25 - 5.50%

The discount rate is used to calculate the projected benefit obligation. The discount rate used is based on the rate of return on government bonds as well as current market conditions of the respective countries where the plans are established.  The expected return on plan assets is based on the Company’s expectation of the long-term average rate of return of the capital market in which the plans invest.  The expected return reflects the target asset allocations and considers the historical returns earned for each asset category.

The Company has established formal investment policies for the assets associated with these plans. Policy objectives include maximizing long-term return at acceptable risk levels, diversifying among asset classes, if appropriate, and among investment managers, as well as establishing relevant risk parameters within each asset class. Specific asset class targets are based on the results of periodic asset/liability studies. The investment policies permit variances from the targets within certain parameters. The plan assets currently do not include holdings of the Company’s common stock.

Below is a summary allocation of all pension plan assets as of September 30, 2015 and 2014:

	US Plans				Non U.S. Plans
Asset Type	2015		2014		2015		2014
Equity Securities	63	%	61	%	6	%	6	%
Fixed Income Securities	35	%	37	%	25	%	22	%
Other	2	%	2	%	69	%	72	%
Total	100	%	100	%	100	%	100	%

The fair value of pension plan assets by asset category as of September 30, 2015 and 2014 are as follows:

As of September 30, 2015 (in millions)	Level 1		Level 2		Level 3		Total
Equity Securities
U.S. equity securities	$	18.6	$	7.1	$	—	$	25.7
Foreign equity securities		10.5		6.2		—		16.7
Debt Securities
U.S. bonds		18.2		1.3		—		19.5
Foreign bonds		3.0		15.1		—		18.1
Foreign government bonds		—		11.2		—		11.2
Real estate		1.2		6.0		—		7.2
Life insurance contracts		—		35.5		—		35.5
Other		—		33.1		—		33.1
Foreign cash & cash equivalents		8.1		—		—		8.1
Total plan assets	$	59.6	$	115.5	$	—	$	175.1
As of September 30, 2014 (in millions)	Level 1		Level 2		Level 3		Total
Equity Securities
U.S. equity securities	$	19.9	$	7.1	$	—	$	27.0
Foreign equity securities		11.1		7.6		—		18.7
Debt Securities
U.S. bonds		4.0		15.2		—		19.2
Foreign bonds		3.1		20.5		—		23.6
Foreign government bonds		—		8.5		—		8.5
Real estate		1.3		5.9		—		7.2
Life insurance contracts		—		37.7		—		37.7
Other		—		38.7		—		38.7
Foreign cash & cash equivalents		6.4		1.9		—		8.3
Total plan assets	$	45.8	$	143.1	$	—	$	188.9

The following benefit payments are expected to be paid:

(in millions)	US Plans		Non U.S. Plans
2016	$	3.9	$	5.4
2017		3.8		5.7
2018		4.0		6.1
2019		4.2		6.9
2020		4.2		6.8
2021-2025		21.5		39.4

Other Postretirement Benefits

Under the Rayovac postretirement plan, the Company provides certain health care and life insurance benefits to eligible retired employees. Participants earn retiree health care benefits after reaching age 40 over the next 10 succeeding years of service, and remain eligible until reaching age 65. The plan is contributory; retiree contributions have been established as a flat dollar amount with contribution rates expected to increase at the active medical cost trend rate. The plan is unfunded. The Company is amortizing the transition obligation over a 20-year period.  The projected benefit obligation as of September 30, 2015 and 2014 was $0.4 million and recognized as Other Long-Term Liabilities in the Consolidated Statements of Financial Position.  Net periodic cost was less than $0.1 million for the years ended September 30, 2015, 2014, and 2013.

Defined Contribution Plans

The Company sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. The Company also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. Company contributions charged to operations, including discretionary amounts, for the years ended September 30, 2015, 2014 and 2013 were$11.2 million, $12.3 million, and $11.1 million.

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Segment Information (Narrative) (Details)	12 Months Ended
	Sep. 30, 2015 segment
Segment Information [Abstract]
Number of reporting segments	5