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FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS (Tables)
 12 Months Ended
Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Consolidating Statement of Operations
THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Operations
for the fiscal year ended September 30, 2017
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
Net sales
$
—

 
$
2,308.4

 
$
333.7

 
$
—

 
$
2,642.1

Cost of sales
—

 
1,415.8

 
253.7

 
—

 
1,669.5

Gross profit
—

 
892.6

 
80.0

 
—

 
972.6

Operating expenses:
 
 
 
 
 
 
 
 
 
Selling, general and administrative
—

 
480.4

 
69.1

 
1.4

 
550.9

Impairment, restructuring and other
—

 
4.5

 
0.4

 
—

 
4.9

Other (income) loss, net
(0.8
)
 
(14.2
)
 
(1.6
)
 
—

 
(16.6
)
Income (loss) from operations
0.8

 
421.9

 
12.1

 
(1.4
)
 
433.4

Equity (income) loss in subsidiaries
(250.4
)
 
(15.5
)
 
—

 
265.9

 
—

Other non-operating (income) loss
(20.7
)
 
—

 
(21.4
)
 
42.1

 
—

Equity in (income) loss of unconsolidated affiliates
—

 
29.8

 
(0.8
)
 
—

 
29.0

Interest expense
70.1

 
43.8

 
4.3

 
(42.1
)
 
76.1

Other non-operating expense
—

 
—

 
13.4

 
—

 
13.4

Income (loss) from continuing operations before income taxes
201.8

 
363.8

 
16.6

 
(267.3
)
 
314.9

Income tax (benefit) expense from continuing operations
(18.0
)
 
128.5

 
6.1

 
—

 
116.6

Income (loss) from continuing operations
219.8

 
235.3

 
10.5

 
(267.3
)
 
198.3

Income from discontinued operations, net of tax
—

 
(0.7
)
 
21.2

 
—

 
20.5

Net income (loss)
$
219.8

 
$
234.6

 
$
31.7

 
$
(267.3
)
 
$
218.8

Net (income) loss attributable to noncontrolling interest
—

 
—

 
—

 
(0.5
)
 
(0.5
)
Net income (loss) attributable to controlling interest
$
219.8

 
$
234.6

 
$
31.7

 
$
(267.8
)
 
$
218.3

THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Operations
for the fiscal year ended September 30, 2015
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
Net sales
$
—

 
$
2,192.1

 
$
179.0

 
$
—

 
$
2,371.1

Cost of sales
—

 
1,427.0

 
130.3

 
—

 
1,557.3

Cost of sales—impairment, restructuring and other
—

 
3.1

 
(0.1
)
 


 
3.0

Gross profit
—

 
762.0

 
48.8

 
—

 
810.8

Operating expenses:
 
 
 
 
 
 
 
 
 
Selling, general and administrative
—

 
435.0

 
52.1

 
1.7

 
488.8

Impairment, restructuring and other
—

 
69.6

 
0.8

 
—

 
70.4

Other (income) loss, net
—

 
(3.2
)
 
1.0

 
—

 
(2.2
)
Income (loss) from operations
—

 
260.6

 
(5.1
)
 
(1.7
)
 
253.8

Equity (income) loss in subsidiaries
(179.2
)
 
(6.1
)
 
—

 
185.3

 
—

Other non-operating (income) loss
(27.9
)
 
—

 
(23.5
)
 
51.4

 
—

Interest expense
55.2

 
44.1

 
0.9

 
(51.4
)
 
48.8

Income (loss) from continuing operations before income taxes
151.9

 
222.6

 
17.5

 
(187.0
)
 
205.0

Income tax (benefit) expense from continuing operations
(9.6
)
 
79.3

 
6.6

 
—

 
76.3

Income (loss) from continuing operations
161.5

 
143.3

 
10.9

 
(187.0
)
 
128.7

Income (loss) from discontinued operations, net of tax
—

 
29.1

 
0.9

 
—

 
30.0

Net income (loss)
$
161.5

 
$
172.4

 
$
11.8

 
$
(187.0
)
 
$
158.7

Net (income) loss attributable to noncontrolling interest
—

 
—

 
—

 
1.1

 
1.1

Net income (loss) attributable to controlling interest
$
161.5

 
$
172.4

 
$
11.8

 
$
(185.9
)
 
$
159.8

THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Operations
for the fiscal year ended September 30, 2016
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
Net sales
$
—

 
$
2,285.6

 
$
220.6

 
$
—

 
$
2,506.2

Cost of sales
—

 
1,434.7

 
165.3

 
—

 
1,600.0

Cost of sales—impairment, restructuring and other
—

 
5.9

 
—

 
—

 
5.9

Gross profit
—

 
845.0

 
55.3

 
—

 
900.3

Operating expenses:
 
 
 
 
 
 
 
 
 
Selling, general and administrative
—

 
461.8

 
54.7

 
1.5

 
518.0

Impairment, restructuring and other
—

 
(49.8
)
 
(1.7
)
 
—

 
(51.5
)
Other (income) loss, net
(0.5
)
 
(12.8
)
 
(0.5
)
 
—

 
(13.8
)
Income (loss) from operations
0.5

 
445.8

 
2.8

 
(1.5
)
 
447.6

Equity (income) loss in subsidiaries
(348.2
)
 
(8.4
)
 
—

 
356.6

 
—

Other non-operating (income) loss
(22.0
)
 
—

 
(22.4
)
 
44.4

 
—

Equity in (income) loss of unconsolidated affiliates
—

 
(7.9
)
 
0.1

 
—

 
(7.8
)
Costs related to refinancing
8.8

 
—

 
—

 
—

 
8.8

Interest expense
62.1

 
43.6

 
1.6

 
(44.4
)
 
62.9

Income (loss) from continuing operations before income taxes
299.8

 
418.5

 
23.5

 
(358.1
)
 
383.7

Income tax (benefit) expense from continuing operations
(17.2
)
 
146.1

 
8.7

 
—

 
137.6

Income (loss) from continuing operations
317.0

 
272.4

 
14.8

 
(358.1
)
 
246.1

Income from discontinued operations, net of tax
—

 
66.3

 
2.4

 
—

 
68.7

Net income (loss)
$
317.0

 
$
338.7

 
$
17.2

 
$
(358.1
)
 
$
314.8

Net (income) loss attributable to noncontrolling interest
—

 
—

 
—

 
0.5

 
0.5

Net income (loss) attributable to controlling interest
$
317.0

 
$
338.7

 
$
17.2

 
$
(357.6
)
 
$
315.3
Condensed Consolidating Statement of Comprehensive Income
THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Comprehensive Income (Loss)
for the twelve months ended September 30, 2016
(In millions)

 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
Net income (loss)
$
317.0

 
$
338.7

 
$
17.2

 
$
(358.1
)
 
$
314.8

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
Net foreign currency translation adjustment
(6.2
)
 
—

 
(6.2
)
 
6.2

 
(6.2
)
Net change in derivatives
4.3

 
0.3

 
—

 
(0.3
)
 
4.3

Net change in pension and other post-retirement benefits
(8.2
)
 
0.4

 
(8.6
)
 
8.2

 
(8.2
)
Total other comprehensive income (loss)
(10.1
)
 
0.7

 
(14.8
)
 
14.1

 
(10.1
)
Comprehensive income (loss)
$
306.9

 
$
339.4

 
$
2.4

 
$
(344.0
)
 
$
304.7

Comprehensive (income) loss attributable to noncontrolling interest
—

 
—

 
—

 
0.5

 
0.5

Comprehensive income attributable to controlling interest
$
306.9

 
$
339.4

 
$
2.4

 
$
(343.5
)
 
$
305.2

THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Comprehensive Income (Loss)
for the twelve months ended September 30, 2015
(In millions)

 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
Net income (loss)
$
161.5

 
$
172.4

 
$
11.8

 
$
(187.0
)
 
$
158.7

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
Net foreign currency translation adjustment
(14.2
)
 
—

 
(14.2
)
 
14.2

 
(14.2
)
Net change in derivatives
(2.1
)
 
(0.8
)
 
—

 
0.8

 
(2.1
)
Net change in pension and other post-retirement benefits
(4.3
)
 
(5.4
)
 
1.1

 
4.3

 
(4.3
)
Total other comprehensive income (loss)
(20.6
)
 
(6.2
)
 
(13.1
)
 
19.3

 
(20.6
)
Comprehensive income (loss)
$
140.9

 
$
166.2

 
$
(1.3
)
 
$
(167.7
)
 
$
138.1

Comprehensive (income) loss attributable to noncontrolling interest
—

 
—

 
—

 
1.1

 
1.1

Comprehensive income attributable to controlling interest
$
140.9

 
$
166.2

 
$
(1.3
)
 
$
(166.6
)
 
$
139.2

THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Comprehensive Income (Loss)
for the twelve months ended September 30, 2017
(In millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
Net income (loss)
$
219.8

 
$
234.6

 
$
31.7

 
$
(267.3
)
 
$
218.8

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
Net foreign currency translation adjustment
28.2

 
—

 
28.2

 
(28.2
)
 
28.2

Net change in derivatives
6.7

 
2.8

 
—

 
(2.8
)
 
6.7

Net change in pension and other post-retirement benefits
13.2

 
3.7

 
9.5

 
(13.2
)
 
13.2

Total other comprehensive income (loss)
48.1

 
6.5

 
37.7

 
(44.2
)
 
48.1

Comprehensive income (loss)
$
267.9

 
$
241.1

 
$
69.4

 
$
(311.5
)
 
$
266.9

Comprehensive (income) loss attributable to noncontrolling interest
—

 
—

 
—

 
(0.9
)
 
(0.9
)
Comprehensive income attributable to controlling interest
$
267.9

 
$
241.1

 
$
69.4

 
$
(312.4
)
 
$
266.0
Condensed Consolidating Statement of Cash Flows
THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Cash Flows
for the fiscal year ended September 30, 2017
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(a)
$
(48.3
)
 
$
462.2

 
$
(16.1
)
 
$
(43.8
)
 
$
354.0

INVESTING ACTIVITIES(a)
 
 
 
 
 
 
 
 
 
Proceeds from sale of long-lived assets
—

 
5.6

 
0.1

 
—

 
5.7

Proceeds from sale of business, net of cash disposed of
—

 
178.6

 
1.7

 
—

 
180.3

Investments in property, plant and equipment
—

 
(59.5
)
 
(10.1
)
 
—

 
(69.6
)
Investments in loans receivable
—

 
(29.7
)
 
—

 
—

 
(29.7
)
Net distributions from (investments in) unconsolidated affiliates
—

 
87.1

 
(29.7
)
 
—

 
57.4

Investments in acquired businesses, net of cash acquired
—

 
(112.5
)
 
(9.2
)
 
—

 
(121.7
)
Return of investments from affiliates
909.4

 
32.4

 
—

 
(941.8
)
 
—

Investing cash flows from (to) affiliates
(759.9
)
 
(208.6
)
 
—

 
968.5

 
—

Net cash provided by (used in) investing activities
149.5

 
(106.6
)
 
(47.2
)
 
26.7

 
22.4

FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
Borrowings under revolving and bank lines of credit and term loans
—

 
1,196.1

 
253.2

 
—

 
1,449.3

Repayments under revolving and bank lines of credit and term loans
—

 
(1,319.6
)
 
(298.7
)
 
—

 
(1,618.3
)
Proceeds from issuance of 5.250% Senior Notes
250.0

 
—

 
—

 
—

 
250.0

Financing and issuance fees
(3.8
)
 
(0.6
)
 
—

 
—

 
(4.4
)
Dividends paid
(120.3
)
 
(909.4
)
 
(43.8
)
 
953.2

 
(120.3
)
Distribution paid by AeroGrow to noncontrolling interest
—

 
—

 
(40.5
)
 
32.4

 
(8.1
)
Purchase of Common Shares
(246.0
)
 
—

 
—

 
—

 
(246.0
)
Payments on seller notes
—

 
(15.5
)
 
(13.2
)
 
—

 
(28.7
)
Excess tax benefits from share-based payment arrangements
7.9

 
—

 
—

 
—

 
7.9

Cash received from exercise of stock options
11.0

 
—

 
—

 
—

 
11.0

Financing cash flows from (to) affiliates
—

 
730.5

 
238.0

 
(968.5
)
 
—

Net cash provided by (used in) financing activities
(101.2
)
 
(318.5
)
 
95.0

 
17.1

 
(307.6
)
Effect of exchange rate changes on cash
—

 
—

 
1.6

 
—

 
1.6

Net increase (decrease) in cash and cash equivalents
—

 
37.1

 
33.3

 
—

 
70.4

Cash and cash equivalents at beginning of year excluding cash classified within assets held for sale
—

 
2.7

 
25.9

 
—

 
28.6

Cash and cash equivalents at beginning of year classified within assets held for sale
—

 
—

 
21.5

 
—

 
21.5

Cash and cash equivalents at beginning of year
—

 
2.7

 
47.4

 
—

 
50.1

Cash and cash equivalents at end of year
$
—

 
$
39.8

 
$
80.7

 
$
—

 
$
120.5



(a)
Cash received by the Parent from the Guarantors and Non-Guarantors in the form of dividends in the amount of $909.4 million represent return of investments and are included in cash flows from investing activities. Cash received by the Parent from the Guarantors and Non-Guarantors in the form of dividends in the amount of $28.8 million represent return on investments and are included in cash flows from operating activities. Cash received by the Guarantors from the Non-Guarantors in the form of distributions in the amount of $32.4 million represent return of investments and are included in cash flows from investing activities. Cash received by the Guarantors from the Non-Guarantors in the form of dividends in the amount of $15.0 million represent return on investments and are included in cash flows from operating activities.
THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Cash Flows
for the fiscal year ended September 30, 2015
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(a)
$
239.4

 
$
249.3

 
$
39.5

 
$
(281.3
)
 
$
246.9

INVESTING ACTIVITIES(a)
 
 
 
 
 
 
 
 
 
Proceeds from sale of long-lived assets
—

 
5.5

 
—

 
—

 
5.5

Proceeds from sale of business, net of transaction costs
—

 
—

 
—

 
—

 
—

Investments in property, plant and equipment
—

 
(56.6
)
 
(5.1
)
 
—

 
(61.7
)
Investment in marketing and license agreement
—

 
(300.0
)
 
—

 
—

 
(300.0
)
Investments in acquired businesses, net of cash acquired
—

 
(170.8
)
 
(9.4
)
 
—

 
(180.2
)
Investing cash flows from (to) affiliates
(141.9
)
 
—

 
—

 
141.9

 
—

Net cash provided by (used in) investing activities
(141.9
)
 
(521.9
)
 
(14.5
)
 
141.9

 
(536.4
)
FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
Borrowings under revolving and bank lines of credit and term loans
—

 
1,568.1

 
267.9

 
—

 
1,836.0

Repayments under revolving and bank lines of credit and term loans
—

 
(1,284.1
)
 
(173.9
)
 
—

 
(1,458.0
)
Financing and issuance fees
(0.4
)
 
(0.1
)
 
—

 
—

 
(0.5
)
Dividends paid
(111.3
)
 
(255.5
)
 
(25.8
)
 
281.3

 
(111.3
)
Purchase of Common Shares
(14.8
)
 
—

 
—

 
—

 
(14.8
)
Payments on seller notes
—

 
(1.5
)
 
—

 
—

 
(1.5
)
Excess tax benefits from share-based payment arrangements
4.7

 
—

 
—

 
—

 
4.7

Cash received from exercise of stock options
24.3

 
—

 
—

 
—

 
24.3

Financing cash flows from (to) affiliates
—

 
230.0

 
(88.1
)
 
(141.9
)
 
—

Net cash provided by (used in) financing activities
(97.5
)
 
256.9

 
(19.9
)
 
139.4

 
278.9

Effect of exchange rate changes on cash
—

 
—

 
(7.3
)
 
—

 
(7.3
)
Net increase (decrease) in cash and cash equivalents
—

 
(15.7
)
 
(2.2
)
 
—

 
(17.9
)
Cash and cash equivalents at beginning of year excluding cash classified within assets held for sale
—

 
23.1

 
41.8

 
—

 
64.9

Cash and cash equivalents at beginning of year classified within assets held for sale
—

 
—

 
24.4

 
—

 
24.4

Cash and cash equivalents at beginning of year
—

 
23.1

 
66.2

 
—

 
89.3

Cash and cash equivalents at end of year
$
—

 
$
7.4

 
$
64.0

 
$
—

 
$
71.4



(a)
Cash received by the Parent from the Guarantors in the form of dividends in the amount of $255.5 million represent return on investments and are included in cash flows from operating activities. Cash received by the Guarantors from the Non-Guarantors in the form of dividends in the amount of $25.8 million represent return on investments and are included in the cash flows from operating activities.
THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Statement of Cash Flows
for the fiscal year ended September 30, 2016
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(a)
$
18.0

 
$
212.8

 
$
10.2

 
$
(3.6
)
 
$
237.4

INVESTING ACTIVITIES(a)
 
 
 
 
 
 
 
 
 
Proceeds from sale of long-lived assets
—

 
2.4

 
—

 
—

 
2.4

Investments in property, plant and equipment
—

 
(49.0
)
 
(9.3
)
 
—

 
(58.3
)
Investments in loans receivable
—

 
(90.0
)
 
—

 
—

 
(90.0
)
Cash contributed to TruGreen Joint Venture
—

 
(24.2
)
 
—

 
—

 
(24.2
)
Net distributions from (investments in) unconsolidated affiliates
—

 
194.1

 
—

 
—

 
194.1

Investments in acquired businesses, net of cash acquired
—

 
—

 
(158.4
)
 
—

 
(158.4
)
Return of investments from affiliates
934.3

 
—

 
—

 
(934.3
)
 
—

Investing cash flows from (to) affiliates
(914.2
)
 
(29.1
)
 
—

 
943.3

 
—

Net cash provided by (used in) investing activities
20.1

 
4.2

 
(167.7
)
 
9.0

 
(134.4
)
FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
Borrowings under revolving and bank lines of credit and term loans
—

 
1,819.5

 
249.6

 
—

 
2,069.1

Repayments under revolving and bank lines of credit and term loans
—

 
(1,937.7
)
 
(212.7
)
 
—

 
(2,150.4
)
Proceeds from issuance of 6.000% Senior Notes
400.0

 
—

 
—

 
—

 
400.0

Repayment of 6.625% Senior Notes
(200.0
)
 
—

 
—

 
—

 
(200.0
)
Financing and issuance fees
(11.2
)
 
—

 
—

 
—

 
(11.2
)
Dividends paid
(116.6
)
 
(909.4
)
 
(26.5
)
 
935.9

 
(116.6
)
Purchase of Common Shares
(130.8
)
 
—

 
—

 
—

 
(130.8
)
Payments on seller notes
—

 
(2.3
)
 
(0.5
)
 
—

 
(2.8
)
Excess tax benefits from share-based payment arrangements
5.8

 
—

 
—

 
—

 
5.8

Cash received from exercise of stock options
14.7

 
—

 
—

 
—

 
14.7

Financing cash flows from (to) affiliates
—

 
808.2

 
133.1

 
(941.3
)
 
—

Net cash provided by (used in) financing activities
(38.1
)
 
(221.7
)
 
143.0

 
(5.4
)
 
(122.2
)
Effect of exchange rate changes on cash
—

 
—

 
(2.1
)
 
—

 
(2.1
)
Net increase (decrease) in cash and cash equivalents
—

 
(4.7
)
 
(16.6
)
 
—

 
(21.3
)
Cash and cash equivalents at beginning of year excluding cash classified within assets held for sale
—

 
7.4

 
43.4

 
—

 
50.8

Cash and cash equivalents at beginning of year classified within assets held for sale
—

 
—

 
20.6

 
—

 
20.6

Cash and cash equivalents at beginning of year
—

 
7.4

 
64.0

 
—

 
71.4

Cash and cash equivalents at end of year
$
—

 
$
2.7

 
$
47.4

 
$
—

 
$
50.1



(a)
Cash received by the Parent from the Guarantors and the Non-Guarantors in the form of distributions in the amount of $934.4 million represent return of investments and are included in cash flows from investing activities. Cash received by the Guarantors from the Non-Guarantors in the form of dividends in the amount of $1.5 million represent return on investments and are included in the cash flows from operating activities.
Condensed Consolidating Balance Sheet
THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Balance Sheet
As of September 30, 2016
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
ASSETS
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
2.7

 
$
25.9

 
$
—

 
$
28.6

Accounts receivable, net
—

 
92.4

 
34.6

 
—

 
127.0

Accounts receivable, pledged
—

 
174.7

 
—

 
—

 
174.7

Inventories
—

 
327.8

 
66.9

 
—

 
394.7

Assets held for sale
—

 
—

 
256.2

 
—

 
256.2

Prepaid and other current assets
0.1

 
23.1

 
28.5

 
—

 
51.7

Total current assets
0.1

 
620.7

 
412.1

 
—

 
1,032.9

Investment in unconsolidated affiliates
—

 
100.3

 
0.7

 
—

 
101.0

Property, plant and equipment, net
—

 
392.1

 
52.8

 
—

 
444.9

Goodwill
—

 
260.4

 
99.9

 
11.6

 
371.9

Intangible assets, net
—

 
560.2

 
119.6

 
10.2

 
690.0

Other assets
13.2

 
103.8

 
0.6

 
(2.5
)
 
115.1

Equity investment in subsidiaries
808.8

 
—

 
—

 
(808.8
)
 
—

Intercompany assets
1,013.0

 
—

 
—

 
(1,013.0
)
 
—

Total assets
$
1,835.1

 
$
2,037.5

 
$
685.7

 
$
(1,802.5
)
 
$
2,755.8

LIABILITIES AND EQUITY
Current liabilities:
 
 
 
 
 
 
 
 
 
Current portion of debt
$
15.0

 
$
154.2

 
$
30.8

 
$
(15.0
)
 
$
185.0

Accounts payable
—

 
108.8

 
22.4

 
—

 
131.2

Liabilities held for sale
—

 
—

 
213.0

 
—

 
213.0

Other current liabilities
16.6

 
143.3

 
18.0

 
—

 
177.9

Total current liabilities
31.6

 
406.3

 
284.2

 
(15.0
)
 
707.1

Long-term debt
1,085.1

 
575.7

 
23.0

 
(652.9
)
 
1,030.9

Other liabilities
3.2

 
221.9

 
56.0

 
2.4

 
283.5

Equity investment in subsidiaries
—

 
161.0

 
—

 
(161.0
)
 
—

Intercompany liabilities
—

 
100.2

 
234.1

 
(334.3
)
 
—

Total liabilities
1,119.9

 
1,465.1

 
597.3

 
(1,160.8
)
 
2,021.5

Total equity—controlling interest
715.2

 
572.4

 
88.4

 
(660.8
)
 
715.2

Noncontrolling interest
—

 
—

 
—

 
19.1

 
19.1

Total equity
715.2

 
572.4

 
88.4

 
(641.7
)
 
734.3

Total liabilities and equity
$
1,835.1

 
$
2,037.5

 
$
685.7

 
$
(1,802.5
)
 
$
2,755.8

THE SCOTTS MIRACLE-GRO COMPANY
Condensed, Consolidating Balance Sheet
As of September 30, 2017
(in millions)
 
 
Parent
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations/
Consolidations
 
Consolidated
ASSETS
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
39.8

 
$
80.7

 
$
—

 
$
120.5

Accounts receivable, net
—

 
137.6

 
60.1

 
—

 
197.7

Accounts receivable pledged
—

 
88.9

 
—

 
—

 
88.9

Inventories
—

 
314.0

 
93.5

 
—

 
407.5

Prepaid and other current assets
1.3

 
43.4

 
22.4

 
—

 
67.1

Total current assets
1.3

 
623.7

 
256.7

 
—

 
881.7

Investment in unconsolidated affiliates
—

 
—

 
31.1

 
—

 
31.1

Property, plant and equipment, net
—

 
406.4

 
61.3

 
—

 
467.7

Goodwill
—

 
320.7

 
109.3

 
11.6

 
441.6

Intangible assets, net
—

 
606.3

 
133.8

 
8.8

 
748.9

Other assets
8.1

 
158.3

 
9.6

 
—

 
176.0

Equity investment in subsidiaries
1,112.8

 
—

 
—

 
(1,112.8
)
 
—

Intercompany assets
759.7

 
—

 
—

 
(759.7
)
 
—

Total assets
$
1,881.9

 
$
2,115.4

 
$
601.8

 
$
(1,852.1
)
 
$
2,747.0

LIABILITIES AND EQUITY
Current liabilities:
 
 
 
 
 
 
 
 
 
Current portion of debt
$
15.0

 
$
97.8

 
$
45.3

 
$
(15.0
)
 
$
143.1

Accounts payable
—

 
124.9

 
28.2

 
—

 
153.1

Other current liabilities
17.1

 
191.5

 
39.7

 
—

 
248.3

Total current liabilities
32.1

 
414.2

 
113.2

 
(15.0
)
 
544.5

Long-term debt
1,200.7

 
508.6

 
108.0

 
(559.3
)
 
1,258.0

Distributions in excess of investment in unconsolidated affiliate
—

 
21.9

 
—

 
—

 
21.9

Other liabilities
0.3

 
197.4

 
58.2

 
5.0

 
260.9

Equity investment in subsidiaries
—

 
82.6

 
—

 
(82.6
)
 
—

Intercompany liabilities
—

 
17.1

 
152.7

 
(169.8
)
 
—

Total liabilities
1,233.1

 
1,241.8

 
432.1

 
(821.7
)
 
2,085.3

Total equity—controlling interest
648.8

 
873.6

 
169.7

 
(1,043.3
)
 
648.8

Noncontrolling interest
—

 
—

 
—

 
12.9

 
12.9

Total equity
648.8

 
873.6

 
169.7

 
(1,030.4
)
 
661.7

Total liabilities and equity
$
1,881.9

 
$
2,115.4

 
$
601.8

 
$
(1,852.1
)
 
$
2,747.0