0000109177-20-000058 | 10-K | XBRL Viewer | Spectrum Brands Holdings INC

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Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Sep. 30, 2020	Nov. 16, 2020	Mar. 29, 2020
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	1-4219
Entity Registrant Name	Spectrum Brands Holdings, Inc.
Entity Tax Identification Number	74-1339132
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	3001 Deming Way
Entity Address, City or Town	Middleton
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53562
City Area Code	608
Local Phone Number	275-3340
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,502
Entity Common Stock, Shares Outstanding		43,082,379
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Entity Central Index Key	0000109177
Current Fiscal Year End Date	--09-30
SB/RH
Entity Information [Line Items]
Entity File Number	333-192634-03
Entity Registrant Name	SB/RH Holdings, LLC
Entity Tax Identification Number	27-2812840
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false

Consolidated Statements of Financial Position - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Assets
Cash and cash equivalents	$ 531.6	$ 627.1
Trade receivables, net	501.1	356.7
Other receivables	74.2	74.2
Inventories	557.7	548.4
Prepaid expenses and other current assets	63.5	53.5
Total current assets	1,728.1	1,659.9
Property, plant and equipment, net	396.5	452.9
Operating lease assets	103.8
Investments	66.9	230.8
Deferred charges and other	48.3	67.2
Goodwill	1,332.0	1,328.1
Intangible assets, net	1,431.7	1,507.1
Total assets	5,107.3	5,246.0
Liabilities and Shareholders' Equity
Current portion of long-term debt	15.3	136.9
Accounts payable	557.5	456.8
Accrued wages and salaries	95.0	72.1
Accrued interest	38.5	29.3
Indemnification payable to Energizer	33.0	230.8
Other current liabilities	205.6	214.2
Total current liabilities	944.9	1,140.1
Long-term debt, net of current portion	2,461.0	2,214.4
Long-term operating lease liabilities	88.8
Deferred income taxes	65.4	50.6
Other long-term liabilities	131.4	112.0
Total liabilities	3,691.5	3,517.1
Commitments and contingencies (Note 20)
Shareholders' equity
Common stock	0.5	0.5
Additional paid-in capital	2,054.3	2,031.1
Accumulated earnings	243.9	223.8
Accumulated other comprehensive loss, net of tax	(284.7)	(273.6)
Treasury stock	(606.5)	(260.9)
Total shareholders' equity	1,407.5	1,720.9
Noncontrolling interest	8.3	8.0
Total equity	1,415.8	1,728.9
Total liabilities and equity	5,107.3	5,246.0
SB/RH
Assets
Cash and cash equivalents	527.6	621.9
Trade receivables, net	501.1	356.7
Other receivables	155.2	140.1
Inventories	557.7	548.4
Prepaid expenses and other current assets	63.5	53.5
Total current assets	1,805.1	1,720.6
Property, plant and equipment, net	396.5	452.9
Operating lease assets	103.8
Investments	66.9	230.8
Deferred charges and other	48.3	51.7
Goodwill	1,332.0	1,328.1
Intangible assets, net	1,431.7	1,507.1
Total assets	5,184.3	5,291.2
Liabilities and Shareholders' Equity
Current portion of long-term debt	15.3	136.9
Accounts payable	557.5	463.8
Accrued wages and salaries	95.0	72.0
Accrued interest	38.5	29.3
Indemnification payable to Energizer	33.0	230.8
Income tax payable	7.3	238.7
Other current liabilities	195.7	182.7
Total current liabilities	942.3	1,354.2
Long-term debt, net of current portion	2,461.0	2,139.1
Long-term operating lease liabilities	88.8
Deferred income taxes	288.7	251.4
Other long-term liabilities	138.3	111.8
Total liabilities	3,919.1	3,856.5
Commitments and contingencies (Note 20)
Shareholders' equity
Other capital	2,154.1	2,113.3
Accumulated earnings	(614.2)	(414.7)
Accumulated other comprehensive loss, net of tax	(284.6)	(273.5)
Total shareholders' equity	1,255.3	1,425.1
Noncontrolling interest	9.9	9.6
Total equity	1,265.2	1,434.7
Total liabilities and equity	$ 5,184.3	$ 5,291.2

Consolidated Statements of Financial Position (Parenthetical) - $ / shares	Sep. 30, 2020	Sep. 30, 2019
Shareholders' equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000.0	200,000,000.0
Common stock, shares issued (in shares)	53,800,000	53,600,000
Treasury stock, shares (in shares)	10,700,000	4,800,000

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 3,964.2	$ 3,802.1	$ 3,808.7
Cost of goods sold	2,580.0	2,492.4	2,470.8
Restructuring and related charges	14.3	2.8	3.6
Gross profit	1,369.9	1,306.9	1,334.3
Selling	614.5	600.5	607.2
General and administrative	337.8	354.6	335.8
Research and development	41.8	43.5	44.6
Restructuring and related charges	58.3	62.9	72.0
Transaction related charges	23.1	21.8	30.2
Loss on assets held for sale	26.8	0.0	0.0
Write-off from impairment of goodwill	0.0	116.0	0.0
Write-off from impairment of intangible assets	24.2	35.4	20.3
Total operating expenses	1,126.5	1,234.7	1,110.1
Operating income	243.4	72.2	224.2
Interest expense	144.5	222.1	264.0
Gain from extinguishment of Salus CLO debt	(76.2)	0.0	0.0
Other non-operating expense (income), net	19.7	43.9	(4.1)
Income (loss) from continuing operations before income taxes	155.4	(193.8)	(35.7)
Income tax expense (benefit)	70.9	(7.1)	(462.7)
Net income (loss) from continuing operations	84.5	(186.7)	427.0
Income from discontinued operations, net of tax	14.0	682.5	445.0
Net income	98.5	495.8	872.0
Net income attributable to non-controlling interest	0.7	1.3	103.7
Net income attributable to controlling interest	97.8	494.5	768.3
Amounts attributable to controlling interest
Net income (loss) from continuing operations attributable to controlling interest	83.8	(188.0)	356.5
Net (loss) income attributable to controlling interest from discontinued operations	14.0	682.5	411.8
Net income attributable to controlling interest	$ 97.8	$ 494.5	$ 768.3
Earnings Per Share
Basic earnings per share from continuing operations (in dollars per share)	$ 1.88	$ (3.71)	$ 9.64
Basic earnings per share from discontinued operations (in dollars per share)	0.31	13.47	11.15
Basic earnings per share (in dollars per share)	2.19	9.76	20.79
Diluted earnings per share from continuing operations (in dollars per share)	1.87	(3.71)	9.62
Diluted earnings per share from discontinued operations (in dollars per share)	0.31	13.47	11.12
Diluted earnings per share (in dollars per share)	2.18	9.76	20.74
Dividend per share (in dollars per share)	$ 1.68	$ 1.68	$ 0.42
Weighted Average Shares Outstanding
Basic (in shares)	44.7	50.7	36.9
Diluted (in shares)	44.9	50.7	37.0
SB/RH
Net sales	$ 3,964.2	$ 3,802.1	$ 3,808.7
Cost of goods sold	2,580.0	2,492.4	2,470.8
Restructuring and related charges	14.3	2.8	3.6
Gross profit	1,369.9	1,306.9	1,334.3
Selling	614.5	600.5	607.2
General and administrative	330.9	349.8	257.7
Research and development	41.8	43.5	44.6
Restructuring and related charges	58.3	62.9	72.0
Transaction related charges	23.1	21.8	30.2
Loss on assets held for sale	26.8	0.0	0.0
Write-off from impairment of goodwill	0.0	116.0	0.0
Write-off from impairment of intangible assets	24.2	35.4	20.3
Total operating expenses	1,119.6	1,229.9	1,032.0
Operating income	250.3	77.0	302.3
Interest expense	144.0	162.0	167.0
Other non-operating expense (income), net	19.7	44.2	5.2
Income (loss) from continuing operations before income taxes	86.6	(129.2)	130.1
Income tax expense (benefit)	58.1	10.7	(76.8)
Net income (loss) from continuing operations	28.5	(139.9)	206.9
Income from discontinued operations, net of tax	14.0	682.5	(24.0)
Net income	42.5	542.6	182.9
Net income attributable to non-controlling interest	0.7	1.3	1.4
Net income attributable to controlling interest	41.8	541.3	181.5
Amounts attributable to controlling interest
Net income (loss) from continuing operations attributable to controlling interest	27.8	(141.2)	205.5
Net (loss) income attributable to controlling interest from discontinued operations	14.0	682.5	(24.0)
Net income attributable to controlling interest	$ 41.8	$ 541.3	$ 181.5

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Net income	$ 98.5	$ 495.8	$ 872.0
Other comprehensive income
Foreign currency translation loss	(18.5)	(30.8)	(45.8)
Deferred tax effect	0.1	(4.7)	7.9
Deferred tax valuation allowance	0.0	0.0	(0.2)
Net unrealized loss on foreign currency translation	(18.4)	(35.5)	(38.1)
Unrealized gain (loss) on derivative instruments
Unrealized (loss) gain on hedging activity before reclassification	(6.2)
Net reclassification for (gain) loss to income from continuing operations	(5.0)
Net reclassification for loss (gain) to income from discontinued operations	0.0
Unrealized (loss) gain on hedging instruments after reclassification	(11.2)
Deferred tax effect	11.7
Net unrealized gain (loss) on hedging derivative instruments	0.5
Unrealized (loss) gain on hedging activity before reclassification		12.6	10.2
Net reclassification for (gain) loss to income from continuing operations		(11.1)	8.5
Net reclassification for loss (gain) to income from discontinued operations		0.5	(1.6)
Unrealized (loss) gain on hedging instruments after reclassification		2.0	17.1
Deferred tax effect		(5.4)	(7.1)
Net unrealized gain (loss) on hedging derivative instruments		(3.4)	10.0
Defined benefit pension (loss) gain
Defined benefit pension loss before reclassification	(5.2)	(27.6)	(3.0)
Net reclassification for loss to income from continuing operations	4.3	2.0	4.6
Net reclassification for loss to income from discontinued operations	0.0	0.2	0.7
Defined benefit pension (loss) gain after reclassification	(0.9)	(25.4)	2.3
Deferred tax effect	(0.3)	4.1	1.5
Net defined benefit pension (loss) gain	(1.2)	(21.3)	3.8
Unrealized investment gain
Unrealized investment gain before reclassification	0.0	0.0	26.0
Net reclassification for gain to income from discontinued operations	0.0	0.0	(6.3)
Unrealized gain on investments after reclassification	0.0	0.0	19.7
Adjustments to intangible assets	0.0	0.0	(0.9)
Deferred tax effect	0.0	0.0	(6.7)
Net unrealized gain on investments	0.0	0.0	12.1
Deconsolidation of discontinued operations and assets held for sale	8.1	21.9	(445.9)
Net change to derive comprehensive loss for the periods	(11.0)	(38.3)	(458.1)
Comprehensive income	87.5	457.5	413.9
Comprehensive income (loss) attributable to non-controlling interest	0.4	(0.5)	(2.8)
Comprehensive income attributable to controlling interest	87.1	458.0	416.7
SB/RH
Net income	42.5	542.6	182.9
Other comprehensive income
Foreign currency translation loss	(18.5)	(30.8)	(45.8)
Deferred tax effect	0.1	(4.7)	7.9
Deferred tax valuation allowance	0.0	0.0	(0.2)
Net unrealized loss on foreign currency translation	(18.4)	(35.5)	(38.1)
Unrealized gain (loss) on derivative instruments
Unrealized (loss) gain on hedging activity before reclassification	(6.2)
Net reclassification for (gain) loss to income from continuing operations	(5.0)
Net reclassification for loss (gain) to income from discontinued operations	0.0
Unrealized (loss) gain on hedging instruments after reclassification	(11.2)
Deferred tax effect	11.7
Net unrealized gain (loss) on hedging derivative instruments	0.5
Unrealized (loss) gain on hedging activity before reclassification		12.6	10.2
Net reclassification for (gain) loss to income from continuing operations		(11.1)	8.5
Net reclassification for loss (gain) to income from discontinued operations		0.5	(1.6)
Unrealized (loss) gain on hedging instruments after reclassification		2.0	17.1
Deferred tax effect		(5.4)	(7.1)
Net unrealized gain (loss) on hedging derivative instruments		(3.4)	10.0
Defined benefit pension (loss) gain
Defined benefit pension loss before reclassification	(5.2)	(27.6)	(3.0)
Net reclassification for loss to income from continuing operations	4.3	2.0	2.5
Net reclassification for loss to income from discontinued operations	0.0	0.2	0.7
Defined benefit pension (loss) gain after reclassification	(0.9)	(25.4)	0.2
Deferred tax effect	(0.3)	4.1	1.5
Net defined benefit pension (loss) gain	(1.2)	(21.3)	1.7
Unrealized investment gain
Deconsolidation of discontinued operations and assets held for sale	8.1	21.9	0.0
Net change to derive comprehensive loss for the periods	(11.0)	(38.3)	(26.4)
Comprehensive income	31.5	504.3	156.5
Comprehensive income (loss) attributable to non-controlling interest	0.4	(0.5)	(0.3)
Comprehensive income attributable to controlling interest	$ 31.1	$ 504.8	$ 156.8

Consolidated Statements of Shareholder's Equity - USD ($) shares in Millions, $ in Millions	Total	ASR	Open Market Purchases And Private Purchases	Cumulative Effect, Period of Adoption, Adjustment	Total Shareholders' Equity	Total Shareholders' Equity ASR	Total Shareholders' Equity Open Market Purchases And Private Purchases	Total Shareholders' Equity Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Common Stock ASR	Common Stock Open Market Purchases And Private Purchases	Additional Paid-in Capital	Additional Paid-in Capital ASR	Accumulated Earnings	Accumulated Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjustment	Treasury Stock	Treasury Stock ASR	Treasury Stock Open Market Purchases And Private Purchases	Non- controlling Interest	SB/RH	SB/RH Cumulative Effect, Period of Adoption, Adjustment	SB/RH Total Shareholders' Equity	SB/RH Total Shareholders' Equity Cumulative Effect, Period of Adoption, Adjustment	SB/RH Other Capital	SB/RH Accumulated Earnings	SB/RH Accumulated Earnings Cumulative Effect, Period of Adoption, Adjustment	SB/RH Accumulated Other Comprehensive Loss	SB/RH Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjustment	SB/RH Non- controlling Interest
Balances, shares at Sep. 30, 2017									200.6
Balances at Sep. 30, 2017	$ 1,946.9				$ 758.0				$ 2.0			$ 1,372.9		$ (925.9)		$ 309.0		$ 0.0			$ 1,188.9	$ 1,835.4		$ 1,826.6		$ 2,079.0	$ (42.8)		$ (209.6)		$ 8.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income from continuing operations	427.0				356.5									356.5							70.5	206.9		205.5			205.5				1.4
Income from discontinued operations, net of tax	445.0				411.8									411.8							33.2	(24.0)		(24.0)			(24.0)
Sale and deconsolidation of discontinued operations and assets held for sale	445.9																					0.0
Other comprehensive (loss) income, net of tax	(12.2)				(9.4)											(9.4)					(2.8)	(26.4)		(26.1)					(26.1)		(0.3)
Sale and deconsolidation of HRG - Insurance Operations	(892.3)				(445.9)											(445.9)					(446.4)
Purchase of subsidiary stock	(288.0)				(123.0)							(117.3)				(5.7)					(165.0)
Excess of stock options and warrants (in shares)									2.6
Exercise of stock options and warrants	20.7				20.7							20.7
Restricted stock issued and related tax withholdings	(9.4)				(6.7)							(6.7)									(2.7)	(5.0)		(5.0)		(5.0)
Share based compensation	3.3				3.7							3.7									(0.4)	(1.0)		(1.0)		(1.0)
Dividends paid	(22.5)				(22.5)									(22.5)								(374.2)		(374.2)			(374.2)
Dividend paid by subsidiary to NCI	(28.6)																				(28.6)
Reverse stock split adjustment (in shares)									(170.4)
Reverse stock split adjustment	0.0								$ (1.7)			1.7
Spectrum Merger share exchange (in shares)									20.6
Spectrum Merger share exchange	(0.3)				638.1				$ 0.2			721.7				(83.8)					(638.4)
Balances, shares at Sep. 30, 2018									53.4
Balances at Sep. 30, 2018	1,589.6			$ (3.1)	1,581.3			$ (3.1)	$ 0.5			1,996.7		(180.1)	$ (3.1)	(235.8)		0.0			8.3	1,611.7	$ (3.1)	1,601.8	$ (3.1)	2,073.0	(235.5)	$ (3.1)	(235.7)		9.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income from continuing operations	(186.7)				(188.0)									(188.0)							1.3	(139.9)		(141.2)			(141.2)				1.3
Income from discontinued operations, net of tax	682.5				682.5									682.5								682.5		682.5			682.5
Sale and deconsolidation of discontinued operations and assets held for sale	(21.9)				(21.9)											(21.9)						(21.9)		(21.9)					(21.9)
Other comprehensive (loss) income, net of tax	(60.2)				(59.7)											(59.7)					(0.5)	(60.2)		(59.7)					(59.7)		(0.5)
Restricted stock issued and related tax withholdings (in shares)									0.3
Restricted stock issued and related tax withholdings	9.5				9.5							2.1		(0.2)				7.6				9.6		9.6		9.6
Share based compensation	32.3				32.3							32.3										30.7		30.7		30.7
Dividends paid	(87.3)				(87.3)									(87.3)								(717.4)		(717.4)			(717.4)
Dividend paid by subsidiary to NCI	$ (1.1)																				(1.1)	(1.1)									(1.1)
Treasury stock repurchases (in shares)	(4.9)								(4.9)
Treasury stock repurchases	$ (268.5)				(268.5)													(268.5)
Balances, shares at Sep. 30, 2019									48.8
Balances at Sep. 30, 2019	1,728.9			$ 0.0	1,720.9			$ 0.0	$ 0.5			2,031.1		223.8	$ (0.3)	(273.6)	$ 0.3	(260.9)			8.0	1,434.7	$ 0.0	1,425.1		2,113.3	(414.7)	$ (0.3)	(273.5)	$ 0.3	9.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income from continuing operations	84.5				83.8									83.8							0.7	28.5		27.8			27.8				0.7
Income from discontinued operations, net of tax	14.0				14.0									14.0								14.0		14.0			14.0
Sale and deconsolidation of discontinued operations and assets held for sale	(8.1)				(8.1)											(8.1)						(8.1)		(8.1)					(8.1)
Other comprehensive (loss) income, net of tax	(19.1)				(19.5)											(19.5)					0.4	(19.1)		(19.5)					(19.5)		0.4
Restricted stock issued and related tax withholdings (in shares)									0.5
Restricted stock issued and related tax withholdings	4.8				4.8							(14.2)						19.0				4.5		4.5		4.5
Share based compensation	37.6				37.6							37.6										36.3		36.3		36.3
Dividends paid	(77.4)				(77.4)									(77.4)								(241.0)		(241.0)			(241.0)
Dividend paid by subsidiary to NCI	$ (0.8)																				(0.8)	(0.8)									(0.8)
Treasury stock repurchases (in shares)	(6.2)	(2.0)								(2.0)	(4.2)
Treasury stock repurchases		$ (125.0)	$ (239.8)			$ (125.0)	$ (239.8)						$ (0.2)					(364.6)	$ (124.8)	$ (239.8)
Balances, shares at Sep. 30, 2020									43.1
Balances at Sep. 30, 2020	$ 1,415.8				$ 1,407.5				$ 0.5			$ 2,054.3		$ 243.9		$ (284.7)		$ (606.5)			$ 8.3	$ 1,265.2		$ 1,255.3		$ 2,154.1	$ (614.2)		$ (284.6)		$ 9.9

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net income	$ 98.5	$ 495.8	$ 872.0
Income from discontinued operations, net of tax	14.0	682.5	445.0
Net (loss) income from continuing operations	84.5	(186.7)	427.0
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	148.5	180.8	125.3
Share based compensation	37.7	49.2	11.9
Unrealized loss on equity investments held	7.5	12.1	0.0
Realized loss on equity investments sold	9.3	0.0	0.0
Loss on assets held for sale	26.8	0.0	0.0
Write-off from impairment of goodwill	0.0	116.0	0.0
Write-off from impairment of intangible assets	24.2	35.4	20.3
Amortization of debt issuance costs and debt discount	6.4	9.9	19.6
Write-off of unamortized discount and debt issuance costs	1.1	38.3	0.0
Gain from extinguishment of Salus CLO debt	(76.2)	0.0	0.0
Purchase accounting inventory adjustment	0.0	0.0	0.8
GPC safety recall inventory write-off	0.0	0.0	4.1
Dividends from subsidiaries classified as discontinued operations	0.0	0.0	3.1
Deferred tax expense (benefit)	46.8	(6.5)	(556.5)
Net changes in operating assets and liabilities
Receivables	(143.3)	(70.6)	21.4
Inventories	(5.9)	26.7	(9.2)
Prepaid expenses and other current assets	18.0	(3.1)	22.3
Accounts payable and accrued liabilities	125.0	(161.3)	65.7
Other	(20.3)	43.3	(38.7)
Net cash provided by operating activities from continuing operations	290.1	83.5	117.1
Net cash provided (used) by operating activities from discontinued operations	0.2	(82.4)	226.2
Net cash provided by operating activities	290.3	1.1	343.3
Cash flows from investing activities
Purchases of property, plant and equipment	(61.0)	(58.4)	(75.9)
Proceeds from disposal of property, plant and equipment	4.2	2.1	4.2
Proceeds from sale of assets held for sale	29.0	0.0	0.0
Proceeds from sale of discontinued operations, net of cash	3.6	2,859.5	1,546.8
Business acquisitions, net of cash acquired	(16.9)	0.0	0.0
Proceeds from sale of equity investment	147.1	0.0	0.0
Other investing activity	2.3	(0.3)	(0.5)
Net cash provided by investing activities from continuing operations	108.3	2,802.9	1,474.6
Net cash used by investing activities from discontinued operations	0.0	(5.3)	(201.9)
Net cash provided by investing activities	108.3	2,797.6	1,272.7
Cash flows from financing activities
Payment of debt, including premium on extinguishment	(135.5)	(2,649.9)	(1,075.9)
Proceeds from issuance of debt	300.0	300.0	19.6
Payment of debt issuance costs	(11.5)	(4.1)	(0.4)
Treasury stock purchases	(239.8)	(268.5)	0.0
Accelerated share repurchase	(125.0)	0.0	0.0
Purchases of subsidiary stock, net	0.0	0.0	(288.0)
Dividends paid to shareholders	(75.2)	(85.5)	(22.4)
Dividends paid by subsidiary to non-controlling interest	(0.8)	(1.1)	(28.6)
Share based award tax withholding payments, net of proceeds upon vesting	(12.6)	(4.4)	(24.3)
Payment of contingent consideration	(197.0)	(8.9)	(6.4)
Other financing activities, net	0.3	0.0	20.7
Net cash used by financing activities from continuing operations	(497.1)	(2,722.4)	(1,405.7)
Net cash (used) provided by financing activities from discontinued operations	0.0	(2.2)	110.4
Net cash used by financing activities	(497.1)	(2,724.6)	(1,295.3)
Effect of exchange rate changes on cash and cash equivalents	5.1	(8.4)	(7.0)
Net change in cash, cash equivalents and restricted cash	(93.4)	65.7	313.7
Net change in cash, cash equivalents and restricted cash in discontinued operations	0.0	0.0	37.7
Net change in cash, cash equivalents and restricted cash in continuing operations	(93.4)	65.7	276.0
Cash, cash equivalents, and restricted cash, beginning of period	627.1	561.4	285.4
Cash, cash equivalents, and restricted cash, end of period	533.7	627.1	561.4
Supplemental disclosure of cash flow information
Cash paid for interest	127.1	208.1	314.1
Cash paid for taxes	42.1	53.9	53.8
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	5.3	3.5	4.5
Non cash financing activities
Issuance of shares through stock compensation plan	39.6	30.8	63.7
SB/RH
Cash flows from operating activities
Net income	42.5	542.6	182.9
Income from discontinued operations, net of tax	14.0	682.5	(24.0)
Net (loss) income from continuing operations	28.5	(139.9)	206.9
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	148.5	180.8	124.6
Share based compensation	36.4	47.6	8.8
Unrealized loss on equity investments held	7.5	12.1	0.0
Realized loss on equity investments sold	9.3	0.0	0.0
Loss on assets held for sale	26.8	0.0	0.0
Write-off from impairment of goodwill	0.0	116.0	0.0
Write-off from impairment of intangible assets	24.2	35.4	20.3
Amortization of debt issuance costs and debt discount	5.5	6.4	8.9
Write-off of unamortized discount and debt issuance costs	1.1	14.4	0.0
Purchase accounting inventory adjustment	0.0	0.0	0.8
GPC safety recall inventory write-off	0.0	0.0	4.1
Deferred tax expense (benefit)	34.0	11.3	(170.9)
Net changes in operating assets and liabilities
Receivables	(171.1)	(92.9)	(29.7)
Inventories	(5.9)	26.7	(9.2)
Prepaid expenses and other current assets	18.0	(3.5)	22.3
Accounts payable and accrued liabilities	(70.3)	(156.6)	69.5
Other	(12.5)	39.4	(32.7)
Net cash provided by operating activities from continuing operations	80.0	97.2	223.7
Net cash provided (used) by operating activities from discontinued operations	0.2	(82.4)	128.8
Net cash provided by operating activities	80.2	14.8	352.5
Cash flows from investing activities
Purchases of property, plant and equipment	(61.0)	(58.4)	(75.9)
Proceeds from disposal of property, plant and equipment	4.2	2.1	4.2
Proceeds from sale of assets held for sale	29.0	0.0	0.0
Proceeds from sale of discontinued operations, net of cash	3.6	2,859.5	0.0
Business acquisitions, net of cash acquired	(16.9)	0.0	0.0
Proceeds from sale of equity investment	147.1	0.0	0.0
Other investing activity	2.3	(0.3)
Net cash provided by investing activities from continuing operations	108.3	2,802.9	(72.2)
Net cash used by investing activities from discontinued operations	0.0	(5.3)	(27.0)
Net cash provided by investing activities	108.3	2,797.6	(99.2)
Cash flows from financing activities
Payment of debt, including premium on extinguishment	(135.5)	(2,262.7)	(69.3)
Proceeds from issuance of debt	300.0	300.0	539.6
Payment of debt issuance costs	(11.5)		(0.4)
Payment of cash dividends to parent	(241.0)	(717.4)	(374.2)
Dividends paid by subsidiary to non-controlling interest	(0.8)	(1.1)	0.0
Payment of contingent consideration	(197.0)	(8.9)	(6.4)
Net cash used by financing activities from continuing operations	(285.8)	(2,694.2)	89.3
Net cash (used) provided by financing activities from discontinued operations	0.0	(2.2)	(4.8)
Net cash used by financing activities	(285.8)	(2,696.4)	84.5
Effect of exchange rate changes on cash and cash equivalents	5.1	(8.4)	(7.0)
Net change in cash, cash equivalents and restricted cash	(92.2)	107.6	330.8
Cash, cash equivalents, and restricted cash, beginning of period	621.9	514.3	183.5
Cash, cash equivalents, and restricted cash, end of period	529.7	621.9	514.3
Supplemental disclosure of cash flow information
Cash paid for interest	127.1	179.9	208.4
Cash paid for taxes	42.1	53.9	53.8
Non cash investing activities
Acquisition of property, plant and equipment through capital leases	$ 5.3	$ 3.5	$ 4.5

Description of Business

12 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

DESCRIPTION OF BUSINESS

The Company is a diversified global branded consumer products company. We manage the businesses in four vertically integrated, product-focused segments: (i) Hardware & Home Improvement (“HHI”), (ii) Home and Personal Care (“HPC”), (iii) Global Pet Care (“GPC”), and (iv) Home and Garden (“H&G”). The Company manufactures, markets and/or distributes its products globally in the North America (“NA”), Europe, Middle East & Africa (“EMEA”), Latin America (“LATAM”) and Asia-Pacific (“APAC”) regions through a variety of trade channels, including retailers, wholesalers and distributors, original equipment manufacturers (“OEMs”), and construction companies. We enjoy strong name recognition in our regions under our various brands and patented technologies across multiple product categories. 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 president or general manager responsible for sales and marketing initiatives and the financial results for all product lines within that segment. See Note 21 – Segment Information for more information pertaining to segments of continuing operations. The following is an overview of the consolidated business, by segment, summarizing product types and brands:

Segment

Products

Brands

HHI

Security: Residential locksets and door hardware including knobs, levers, deadbolts, handle sets, including electronic and connected locks.

Plumbing & Accessories: Kitchen and bath faucets and accessories.

Builders' Hardware: Hinges, metal shapes, security hardware, track and sliding door hardware, gate hardware.

Security: Kwikset®, Weiser®, Baldwin®, Tell Manufacturing®, and EZSET®

Plumbing & Accessories: Pfister®

Builders' Hardware: National Hardware®, FANAL®

HPC

Home Appliances: Small kitchen appliances including toaster ovens, coffeemakers, slow cookers, blenders, hand mixers, grills, food processors, juicers, toasters, irons, kettles, and breadmakers.

Personal Care: Hair dryers, flat irons and straighteners, rotary and foil electric shavers, personal groomers, mustache and beard trimmers, body groomers, nose and ear trimmers, women's shavers, haircut kits and intense pulsed light hair removal systems.

Home Appliances: Black & Decker®, Russell Hobbs®, George Foreman®, Toastmaster®, Juiceman®, Farberware®, and Breadman®

Personal Care: Remington®, and LumaBella®

GPC

Companion Animal: Rawhide chews, dog and cat clean-up, training, health and grooming products, small animal food and care products, rawhide-free dog treats, and wet and dry pet food for dogs and cats.

Aquatics: Consumer and commercial aquarium kits, stand-alone tanks; aquatics equipment such as filtration systems, heaters and pumps; and aquatics consumables such as fish food, water management and care

Companion Animal: 8IN1® (8-in-1), Dingo®, Nature's Miracle®, Wild Harvest™, Littermaid®, Jungle®, Excel®, FURminator®, IAMS® (Europe only), Eukanuba® (Europe only), Healthy-Hide®, DreamBone®, SmartBones®, ProSense®, Perfect Coat®, eCOTRITION®, Birdola® and Digest-eeze®.

Aquatics: Tetra®, Marineland®, Whisper®, Instant Ocean®, GloFish®, OmegaOne® and OmegaSea®

H&G

Household: Household pest control solutions such as spider and scorpion killers; ant and roach killers; flying insect killers; insect foggers; wasp and hornet killers; and bedbug, flea and tick control products.

Controls: Outdoor insect and weed control solutions, and animal repellents such as aerosols, granules, and ready-to-use sprays or hose-end ready-to-sprays.

Repellents: Personal use pesticides and insect repellent products, including aerosols, lotions, pump sprays and wipes, yard sprays and citronella candles.

Household: Hot Shot®, Black Flag®, Real-Kill®, Ultra Kill®, The Ant Trap® (TAT), and Rid-A-Bug®.

Controls: Spectracide®, Garden Safe®, Liquid Fence®, and EcoLogic®.

Repellents: Cutter® and Repel®.

SB/RH is a wholly owned subsidiary of SBH.. Spectrum Brands, Inc. (“SBI”), a wholly-owned subsidiary of SB/RH incurred certain debt guaranteed by SB/RH and domestic subsidiaries of SBI. See Note 12 - Debt for more information pertaining to debt. The reportable segments of SB/RH are consistent with the segments of SBH.

Significant Accounting Policies and Practices

12 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

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 September 30 and 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, 2020, the fiscal quarters were comprised of the three months ended December 29, 2019, March 29, 2020, June 28, 2020 and September 30, 2020.

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 financial statements 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. See Note 8 - Receivables for further detail.

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 9 - 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. Property, 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. See Note 10 - Property, plant and equipment for further detail. 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 respective asset group. If impairment is determined to exist, any related impairment loss is calculated based on fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the year ended September 30, 2020, the Company recognized a triggering event for the sale of its dog and cat food ("DCF") production facility and distribution center in Coevorden, Netherlands on March 29, 2020, resulting in a loss on assets held for sale, including property, plant and equipment associated with the operations that were sold. See Note 3 - Divestitures, 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 21 - Segment Information for further discussion.

The Company performs its annual impairment test in the fourth quarter of its fiscal year. 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 aggregate estimated 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, an impairment loss would be recognized equal to that excess; however the loss recognized cannot exceed the total amount of goodwill allocated to that reporting unit. See Note 11 - 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

5 - 20 years

18.5 years

Technology assets

5 - 18 years

11.7 years

Tradenames

5 - 13 years

10.5 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 an 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 the carrying value of the respective asset group. If impairment is determined to exist, any related impairment loss is calculated based on fair value. During the year ended September 30, 2020, the Company recognized a triggering event for the sale of its DCF production facility and distribution center in Coevorden, Netherlands on March 29, 2020, resulting in a $7.6 million impairment loss recognized on definite-lived intangible assets due to the incremental cash flow risk associated with the commercial DCF business following the divestiture, which consisted of the remaining carrying cost of the definite lived intangibles assets associated with the commercial DCF business. See Note 3 - Divestitures, for further detail.

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. In applying the impairment test, the Company completes what is referred to as the "Step 0" analysis, which involves evaluating qualitative factors including macroeconomic conditions, industry and market conditions, cost factors, and overall financial performance. If our "Step 0" analysis indicates it is more likely than not that the fair value is less than the carrying amounts we would perform a quantitative impairment test. The quantitative impairment analysis of indefinite lived intangible assets compares 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. See Note 11 - Goodwill and Intangible Assets for further detail.

Assets Held for Sale and Discontinued Operations

The Company reports the results of operations of a business as discontinued operations if a disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when the business is sold and classified as held for sale, in accordance with the criteria of Accounting Standard Codification (“ASC”) Topic 205 Presentation of Financial Statements and ASC Topic 360 Property, Plant and Equipment (“ASC 360”). Assets and liabilities of a business classified as held for sale are recorded at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the business exceeds its estimated fair value less cost to sell, a loss is recognized. Assets and liabilities related to a business classified as held for sale are segregated in the current and prior balance sheets in the period in which the business is classified as held for sale. The results of discontinued operations are reported in Income From Discontinued Operations, Net of Tax in the accompanying Consolidated Statements of Income for the current and prior periods commencing in the period in which the business meets the criteria, and includes any gain or loss recognized on closing, or adjustment of the carrying amount to fair value less cost to sell. Transactions between the businesses held for sale and businesses held for use that are expected to continue to exist after the disposal are not eliminated to appropriately reflect the continuing operations and balances held for sale. If a business is classified as held for sale after the balance sheet date but before the financial statements are issued or are available to be issued, the business continues to be classified as held and used in those financial statements when issued or when available to be issued. See Note 3 - Divestitures for further detail

Debt Issuance Costs

Debt issuance costs are deferred and amortized to interest expense using the effective interest method over the lives of the related debt agreements. Debt issuance costs for SBH were $36.5 million and $33.0 million as of September 30, 2020 and 2019, respectively, and $36.5 million and $31.5 million for SB/RH as of September 30, 2020 and 2019, respectively. Debt issuance costs are included in Long Term Debt, Net of Current Portion in the Consolidated Statements of Financial Position. Amortization of debt issuance costs is recognized as Interest Expense in the Consolidated Statements of Income. See Note 12 - Debt for further detail.

Financial Instruments

Derivative financial instruments are used by the Company principally in the management of its foreign currency 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 equity through other comprehensive income until the hedged item is recognized. Pursuant to the adoption of ASU 2017-12 on October 1, 2019, for derivative instruments that hedge the exposure to variability in expected future cash flows and are designated as cash flow hedges, the entire change in the fair value of the hedging instrument is recorded as a component of Accumulated Other Comprehensive (Loss) Income (“AOCI”) in Stockholders’ Equity. Those amounts are subsequently reclassified to earnings in the same line item in the Consolidated Statement of Income as impacted by the hedge item when the hedged item affects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. For derivatives that do not qualify for hedge accounting treatment, the change in the fair value is recognized in earnings. See Note 14 - Derivatives for further detail.

Treasury Stock

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

Noncontrolling Interest

Noncontrolling interest recognized in the consolidated equity of the Company is the minority interest ownership in equity of a consolidated subsidiary that is not attributable, directly or indirectly, to the parent company, SBH; and recognized separate from shareholders’ equity in the Consolidated Statement of Financial Position. Income from a consolidated subsidiary with a minority interest ownership is allocated to the minority interest and considered attributable to the noncontrolling interest in the Consolidated Statement of Income.

Business Combinations and Acquisition Accounting

The Company accounts for acquisitions by applying the acquisition method of accounting when the transaction or event is considered a business combination, which requires that the assets acquired and liabilities assumed constitute a business. A defined business is generally an acquired group of assets with inputs and processes that make it capable of generating a return or economic benefit for the acquirer. 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. See Note 4 – Acquisitions for further detail.

Revenue Recognition

The Company applies the guidance codified in Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which was adopted on October 1, 2018 using the modified retrospective method of the adoption. The following are changes to the Company’s revenue recognition accounting policies from those previously disclosed in Note 2 – Significant Accounting Policies and Practices to the Company’s Annual Report on Form 10-K for year ended September 30, 2018 and Form 8-K issued on April 5, 2019.

Product Sales

Our customers mostly consist of retailers, wholesalers and distributors, and construction companies with the intention to sell and distribute to an end consumer. The Company recognizes revenue from the sale of products upon transfer of control to the customer. For the majority of our product sales, the transfer of control is recognized when we ship the product from our facilities to the customer. Timing of revenue recognition for a majority of the Company’s sales continues to be consistent. Before the adoption of Topic 606 on October 1, 2018, the Company deferred recognition of revenue if title and risk of loss were retained upon shipment, but the customer arranged and paid for freight such that they had physical possession and control. Under Topic 606, the Company recognizes revenue at the time of shipment for these transactions. This change did not have a material impact on the Company’s adoption of the new standard or comparability to revenue in prior periods.

Licensing Revenue

The Company also sells licenses of its brands to third-party sellers and manufacturers for the development, production, sales & distribution of products that are not directly managed or offered by the Company. The Company maintains all right of ownership of the intellectual property and contracts with its customer for the use of the intellectual property in their operations. Under Topic 606, revenue derived from the right-to-access licenses is recognized using the over time revenue recognition method. We elected to recognize revenue under the ‘as-invoiced’ practical expedient method at the amount we are able to bill using a time-elapsed measure of progress. The Company has assessed that recognizing revenue based on a time-elapsed measure of progress, taking into consideration any minimum guarantee provisions under the contract, appropriately depicts its performance of providing access to the Company’s brands, trade names, logos, etc. This change did not have a material impact on the Company’s adoption of the new standard on October 1, 2018 or comparability to revenue recognition in prior periods.

Other Revenue

Other revenue consists primarily of installation or maintenance services that are provided to certain customers in the GPC segment. The services are often associated with the sale of product but are also provided separately and are considered a distinct performance obligation separate from product sales.

Variable Consideration and Cash Paid to Customers

The Company measures revenue as the amount of consideration for which it expects to be entitled in exchange for transferring goods or providing services. Certain retailers and/or end customers may receive cash or non-cash incentives such as rebates, volume or trade discounts, cooperative advertising, price protection, service level penalties, and other customer-related programs, which are accounted for as variable consideration. Estimated amounts are included in the transaction price to the extent it is probable that a significant reversal of revenue recognized will not occur when the uncertainty is resolved. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the anticipated performance and all information (historical, current and forecasted) that is reasonably available. The estimated liability for sales discounts and other programs and allowances is calculated using the expected value method or most likely amount and recorded at the time of sale as a reduction of net sales.

The Company also enters into various arrangements, primarily with retail customers, which require the Company to make upfront cash payments to secure the right to distribute through such customers. The Company capitalizes these payments, provided they are supported by a volume-based arrangement with the retailer with a period of 12 months or longer, and amortizes the associated payment over the appropriate time or volume-based term of the arrangement. Capitalized payments are recognized as a contract asset and 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.

Product Returns

In the normal course of business, the Company may allow customers to return product per the provisions in a sale agreement. Estimated product returns are recorded as a reduction in reported revenues at the time of sale based upon historical product return experience, adjusted for known trends, to arrive at the amount of consideration expected to receive. For the anticipated value of the returns, the adoption of Topic 606 resulted in the recognition of a return asset included in the Prepaid Expenses and Other Current Assets and the returns liability recognized in Other Current Liabilities. The Company recognized an expected returns liability of $23.1 million and $19.2 million as of September 30, 2020 and 2019, respectively, most of which the Company does not expect or anticipate a returned asset. Prior to the adoption of Topic 606, the reserve for product returns was recognized net of anticipated value of returned product as a reduction to Trade Receivable, Net on the Company’s Consolidated Statement of Financial Position.

Practical Expedients and Exemptions:

•The Company does not adjust the promised amount of consideration for the effects of a significant financing component, as the period between the transfer of a promised good or service to a customer and the customer’s payment for the good or service is one year or less.

•The Company does not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer.

•The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period is immaterial.

•The Company generally expenses sales commissions and other contract and fulfillment costs when the amortization period is less than one year. The Company records these costs within selling, general and administrative expenses. For costs amortized over a period longer than one year, such as fixtures which are much more permanent in nature, the Company defers and amortizes over the supportable period based upon historical assumptions and analysis. The costs for permanent displays are incorporated into the pricing of product sold to customer.

•The Company excludes all sales taxes that are assessed by a governmental authority from the transaction price.

See Note 6 – Revenue Recognition for further detail.

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 were $258.1 million, $253.7 million and $251.2 million during the years ended September 30, 2020, 2019 and 2018, respectively. The Company accounts for shipping and handling activities, which occur after control of the related goods transfers, as fulfillment activities instead of assessing such activities as performance obligations. Shipping and handling costs are included in Selling Expenses in the Consolidated Statements of Income.

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 $49.8 million, $34.2 million and $26.0 million during the years ended September 30, 2020, 2019 and 2018, respectively. Advertising costs are included in Selling Expenses in the Company’s Consolidated Statements of Income.

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 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. See Note 20 - Commitments and Contingencies for further detail.

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 or asset reductions could include amounts for items such as severance costs and related benefits, lease termination payments and any other items directly related to the exit activities. Impairment of property and equipment and other current or long-term assets as a result of restructuring related initiatives are recognized as a reduction of the appropriate asset.

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 a 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 5 - Restructuring and Related Charges for further detail.

Transaction related charges

Transaction related charges consist of transaction costs from (1) qualifying acquisition transactions associated with the completion of the purchase of net assets or equity interest of a business such as a business combination, equity investment, joint venture or purchase of non-controlling interest; (2) subsequent integration related project costs directly associated with an acquired business including costs for integration of acquired operations into the Company’s shared service platforms, termination of redundant positions and locations, employee transition costs, integration related professional fees and other post business combination expenses; and (3) divestiture support and separation costs consisting of incremental costs incurred by the continuing operations after completion of the transaction to facilitate separation of shared operations, development of transferred shared service operations, platforms and personnel transferred under the transaction. Divestiture-related charges prior to completion of the transaction are recognized as a component of Income from Discontinued Operations, net of tax. Transaction costs include, but are not limited to, banking, advisory, legal, accounting, valuation, and other professional fees directly related to the respective transactions. Additionally, transaction related charges include costs attributable to the plan to market and sell the HPC operations that was subsequently classified as continuing operations for all periods presented. The following table summarizes transaction related charges incurred by the Company during the years ended September 30, 2020, 2019 and 2018:


(in millions)	2020		2019		2018
Coevorden operations divestiture	$	5.5	$	—	$	—
GBL post divestiture separation	10.2		9.5		—
HPC divestiture	3.9		7.3		14.9
PetMatrix integration	—		—		4.9
Omega Sea acquisition	1.6		—		—
Other integration	1.9		5.0		10.4
Total transaction-related charges	$	23.1	$	21.8	$	30.2

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 16 - 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 equity in Accumulated Other Comprehensive Income (“AOCI”), including the effects of exchange rate changes on intercompany balances of a long-term investment nature.

Foreign currency transaction gains and losses for transactions denominated in a currency other than the functional currency are reported in Other Non-Operating Expense, Net in the Consolidated Statements of Income in the period they occur. Exchange losses on foreign currency transactions were $10.7 million, $41.2 million, and $7.1 million for the years ended September 30, 2020, 2019 and 2018, respectively.

Correction of immaterial error

During the fiscal third quarter of the year ended September 30, 2020, the Company identified an out of period error in Income from Discontinued Operations, net of tax, of $22.6 million as part of the return-to-provision adjustments. These adjustments correct an error in computing the tax on the gain on sale included in the year end tax provision for discontinued operations recognized in the fiscal year ended September 30, 2019. The Company has concluded that the misstatements are not material to the consolidated financial statements. The Company has updated the Consolidated Statement of Financial Position and Consolidated Statements of Income as of and for the year ended September 30, 2019 within this filing to reflect the corrected numbers as follows:


	September 30, 2019
SBH (in millions)	As reported		Adjustment		As Adjusted
Deferred charges and other	$	51.7	$	15.5	$	67.2
Total assets	5,230.5		15.5		5,246.0
Other current liabilities	216.0		(1.8)		214.2
Current liabilities	1,141.9		(1.8)		1,140.1
Deferred income taxes	55.9		(5.3)		50.6
Total liabilities	3,524.2		(7.1)		3,517.1
Accumulated earnings	201.2		22.6		223.8
Total shareholders' equity	1,698.3		22.6		1,720.9
Total equity	1,706.3		22.6		1,728.9
Total liabilities and equity	5,230.5		15.5		5,246.0


	September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Income tax payable	$	240.5	$	(1.8)	$	238.7
Current liabilities	1,356.0		(1.8)		1,354.2
Deferred income taxes	272.2		(20.8)		251.4
Total liabilities	3,879.1		(22.6)		3,856.5
Accumulated deficit	(437.3)		22.6		(414.7)
Total shareholder's equity	1,402.5		22.6		1,425.1
Total equity	1,412.1		22.6		1,434.7


	September 30, 2019
SBH (in millions, except per share)	As reported		Adjustment		As Adjusted


Income from discontinued operations, net of tax	$	659.9	$	22.6	$	682.5
Net income	473.2		22.6		495.8
Net income from discontinued operations attributable to controlling interest	659.9		22.6		682.5
Net income attributable to controlling interest	471.9		22.6		494.5
Basic earnings per share from discontinued operations	13.02		0.45		13.47
Basic earnings per share	9.31		0.45		9.76
Diluted earnings per share from discontinued operations	13.02		0.45		13.47
Diluted earnings per share	9.31		0.45		9.76


	September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Income from discontinued operations, net of tax	$	659.9	$	22.6	$	682.5
Net income	520.0		22.6		542.6
Net income from discontinued operations attributable to controlling interest	659.9		22.6		682.5
Net income attributable to controlling interest	518.7		22.6		541.3

Newly Adopted Accounting Standards

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which superseded the lease requirements in ASC 840, Leases. This ASU requires lessees to recognize lease assets and liabilities on the balance sheet, as well as to disclose key information about leasing arrangements. Although the new ASU requires both operating and finance leases to be disclosed on the balance sheet, a distinction between the two types still exists as the economics of leases can vary. In July 2018, the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements”, which provided entities with an alternative modified transition method, for which, comparative periods, including the disclosures related to those periods, are not restated. The Company adopted ASU No. 2016-02 and ASU 2018-11 as of October 1, 2019, using a modified retrospective approach, which allowed for the recognition of a cumulative effect of applying the new standard as an adjustment to the opening balance sheet of retained earnings, while continuing to present all prior periods under previous lease accounting guidance. The Company’s adoption of the new standard resulted in the recognition of additional right-of-use (“ROU”) lease assets of $107.5 million and additional lease liabilities of $113.0 million, with no material cumulative effect adjustment to equity as of the date of adoption. The difference between ROU assets and lease liabilities was driven primarily by prepaid lease payments, deferred and accrued lease incentives, and restructuring related accruals that were reclassified to the ROU asset balance as of October 1, 2019. The income tax accounting impact of ASC 842 adoption resulted in recording of deferred tax assets and tax liabilities of $29.7 million as of October 1, 2019. The adoption of the new standard did not have a material impact on the Consolidated Statements of Income and Consolidated Statements of Cash Flows.

As allowed under the new accounting standard, the Company elected to apply the package of practical expedients to carry forward the original lease determinations, lease classifications, and accounting of initial direct costs for all asset classes at the time of adoption. The Company elected to apply the practical expedient for all of its leases to account for the lease and non-lease components as a single, combined lease component. Therefore, all fixed payments associated with the lease, including non-lease components, are included in the ROU asset and the lease liability. Any variable payments related to the lease are recognized as lease expense when and as incurred. The Company also elected not to apply the recognition requirements to leases of twelve months or less. These leases are expensed on a straight-line basis and no operating lease liability is recorded.

In accordance with Topic 842, the Company determines if an arrangement is a lease at inception, considering whether the contract conveys a right to control the use of the identified asset for a period of time in exchange for consideration. Leases are classified as operating or finance leases at the commencement date of the lease. ROU assets and lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. Lease liabilities are classified between current and long-term liabilities based on their payment terms. The operating lease ROU asset includes prepaid rent and reflects the unamortized balance of lease incentives. Our leases may include renewal options, and we include the renewal option in the lease term if we conclude that it is reasonably certain that we will exercise that option. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Variable lease payments that do not depend on an index or a rate, such as the Company’s proportionate share of actual costs for utilities, common area maintenance, insurance, and property taxes, are excluded from the measurement of the lease liability, unless subject to fixed minimum requirements and are recognized as variable lease cost when the obligation for that payment is incurred.

As most of the Company’s leases do not provide the lease implicit rates, the Company uses its incremental borrowing rates as the discount rate, adjusted as applicable, based on the information available at the lease commencement dates to determine the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow, on a collateralized basis and in a similar economic environment, over the term of a lease. The Company may use the lease implicit rate, if readily determinable, as the discount rate to determine the present value of lease payments. As of October 1, 2019, the Company used an average discount rate of approximately 4.6%, based on an estimate of the Company’s incremental borrowing rate. See Note 13 – Leases for additional information.

We review the impairment of our ROU assets consistent with the approach applied for our other long-lived assets. 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 an undiscounted cash flow analysis 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 respective asset group. If impairment is determined to exist, any related impairment loss is calculated based on fair value.

In February 2018, the FASB issued ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“AOCI”), which allows for an optional reclassification from AOCI to retained earnings for stranded tax effects as a result of the Tax Cuts and Jobs Act (the “Tax Reform Act”). Effective October 1, 2019, we adopted ASU No. 2018-02 and elected to reclassify the income tax effects of the Tax Reform Act from AOCI to Retained Earnings, which resulted in reclassification of $0.3 million from AOCI to Retained Earnings.

In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This guidance amends certain rules for hedging relationships, expands the types of strategies that are eligible for hedge accounting treatment to more closely align the results of hedge accounting with risk management activities and amends disclosure requirements related to fair value and net investment hedges. The Company adopted this guidance effective October 1, 2019. The adoption of the guidance did not have a material impact on the Company’s financial statements and related disclosures.

Recently Issued Accounting Standards

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which was further updated and clarified by the FASB through issuance of additional related ASUs. Topic 326 introduces a forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments, including trade receivables. The estimate of expected credit losses will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. This ASU also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses. This guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, which is the first quarter of our fiscal year ending September 30, 2021 for the Company. The Company does not expect that the adoption of this guidance will have a material impact on the Company’s consolidated financial statements other than requiring enhanced disclosures.

In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. This standard provides guidance on accounting for costs of implementation activities performed in a cloud computing arrangement that is a service contract. ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. ASU 2018-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted, which is the year ending September 30, 2021 for the Company. We are currently evaluating the effect of this standard on our Consolidated Financial Statements. The impact will be based on future implementation costs for cloud computing arrangements, which we currently do not expect to have a material impact on our consolidated financial statements and related disclosures.

Divestitures

12 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

DIVESTITURES

The following table summarizes the components of Income from Discontinued Operations, Net of Tax in the accompanying Consolidated Statement of Income for the years ended September 30, 2020, 2019, and 2018:


(in millions)	2020		2019		2018
Income from discontinued operations before income taxes - GBL	$	4.2	$	974.9	$	21.8
Loss from discontinued operations before income taxes - GAC	(0.1)		(115.7)		(31.9)
Income from discontinued operations before income taxes - HRG Insurance Operations	—		—		476.4
Income from discontinued operations before income taxes	4.1		859.2		466.3
Income tax (benefit) expense from discontinued operations	(9.9)		176.7		21.3
Income from discontinued operations, net of tax	14.0		682.5		445.0
Income from discontinued operations, net of tax attributable to noncontrolling interest	—		—		33.2
Income from discontinued operations, net of tax attributable to controlling interest	$	14.0	$	682.5	$	411.8

During the year ended September 30, 2020, the Company recognized incremental pre-tax gain on sale for changes to tax and legal indemnifications and other agreed-upon funding under the acquisition agreement.

During the year ended September 30, 2020, the Company recognized an $10.5 million tax benefit to discontinued operations from the return to provision adjustments related to the divestitures of GBL, primarily from changes to US GILTI on the non-US portions of the sold business.

GBL

On January 2, 2019, the Company completed the sale of its GBL business pursuant to the GBL acquisition agreement with Energizer for cash proceeds of $1,956.2 million, resulting in a pre-tax gain on sale of $989.8 million, during the year ended September 30, 2019, including the settlement of customary purchase price adjustments for working capital and assumed indebtedness, recognition of tax and legal indemnifications under the acquisition agreement and an estimated contingent purchase price adjustment for the settlement of the planned divestiture of the Varta® consumer batteries business by Energizer. The results of operations and gain on sale for disposal of the GBL business were recognized as a component of discontinued operations.

The GBL acquisition agreement provided for a purchase price adjustment that was contingent upon the completion of the divestiture of the Varta® consumer battery, chargers, portable power and portable lighting business in the EMEA region by Energizer, including manufacturing and distribution facilities in Germany. The purchase price adjustment included a potential downward adjustment equal to 75% of the difference between the divestiture sale price and the target sale price of $600 million, not to exceed $200 million, or a potential upward adjustment equal to 25% of the excess purchase price. Effective January 2, 2020, Energizer closed its divestiture of the Varta® consumer batteries business to Varta Aktiengesellschaft (“Varta AG”) with an aggregate purchase price of €180 million and, in accordance with the terms and conditions of the GBL acquisition agreement, the Company was obligated to contribute up to $200 million to Energizer in connection with the sale. The Company settled the outstanding balance with Energizer for $197 million during the year ended September 30, 2020.

The Company and Energizer agreed to indemnify each other for losses arising from certain breaches of the GBL acquisition agreement and for certain other matters. The Company agreed to indemnify Energizer for certain liabilities relating to the assets retained by the Company, and Energizer agreed to indemnify the Company for certain liabilities assumed by Energizer, in each case as described in the acquisition agreement. As of September 30, 2020, the Company has recognized $50.2 million related to indemnifications in accordance with the acquisition agreement, including $33.0 million within Indemnification Payable to Energizer on the Company’s Consolidated Statement of Financial Position primarily attributable to current income tax indemnifications and $17.2 million within Other Long-Term Liabilities on the Company’s Consolidated Statement of Financial Position primarily attributable to income tax indemnifications associated with previously recognized uncertain tax benefits.

The Company and Energizer entered into related agreements that became effective upon the consummation of the acquisition including a customary transition services agreement (“TSA”) and reverse TSA. The TSA and reverse TSA are recognized as a component of continuing operations for periods following the completion of the GBL sale. See Note 17 – Related Party Transactions for additional discussion.

The following table summarizes the components of income from discontinued operations before income taxes associated with the GBL divestiture in the accompanying Consolidated Statements of Operations for the years ended September 30, 2019 and 2018 with the close of the GBL divestiture on January 2, 2019.


(in millions)	2019		2018
Net sales	$	249.0	$	870.5
Cost of goods sold	164.6		553.2
Gross profit	84.4		317.3
Operating expenses	57.0		241.0
Operating income	27.4		76.3
Interest expense	23.3		53.5
Other non-operating expense, net	0.5		1.0
Gain on sale	(989.8)		—
Reclassification of accumulated other comprehensive income	18.5		—
Income from discontinued operations before income taxes	$	974.9	$	21.8

Beginning in January 2018, the Company ceased the recognition of depreciation and amortization of long-lived assets associated with GBL, therefore no depreciation and amortization was recognized during the year ended September 30, 2019, before the close of the transaction. For the year ended September 30, 2018, depreciation and amortization expense of $8.3 million, was recognized. Interest expense consists of interest from debt directly held by subsidiaries of the business held for sale, including interest from capital leases, and interest on Term Loans required to be paid down using proceeds received on disposal on sale of a business. The Company paid down the Term Loans after the completion of the GBL divestiture. See Note 12 – Debt for further discussion. No impairment loss was recognized as the proceeds from the disposal of the business were more than the carrying value. During the years ended September 30, 2020 and 2019, the Company recognized adjustments to gain on sale for changes to tax and legal indemnifications and other agreed-upon funding under the acquisition agreement for the period following the completion of the sale on January 2, 2019.

During the year ended September 30, 2019, the Company incurred transaction costs of $12.9 million associated with the divestiture, which were recognized as a component of income from discontinued operations. During the year ended September 30, 2018, the Company incurred transaction costs of $60.7 million. Transaction costs were expensed as incurred and include fees for investment banking services, legal, accounting, due diligence, tax, valuation and various other services necessary to complete the transaction. After the completion of the divestiture, the Company incurred incremental costs to facilitate separation of shared operations, development of transferred shared service operations, platforms and personnel transferred under the transaction, which have been recognized as Transaction Related Charges as part of continuing operations on the Company’s Consolidated Statement of Income. See Note 2 – Significant Accounting Policies and Practices for further detail.

GAC

On January 28, 2019, the Company completed the sale of its GAC business pursuant to the GAC acquisition agreement with Energizer for $938.7 million in cash proceeds and $242.1 million in stock consideration of common stock of Energizer, resulting in the write-down of net assets held for sale of $111.0 million during the year ended September 30, 2019, including the estimated settlement of customary purchase price adjustments for working capital and assumed indebtedness, and recognition of tax and legal indemnifications in accordance with the GAC acquisition agreement. The results of operations and write-down of net assets held for sale for the disposal of the GAC business were recognized as a component of discontinued operations.

The Company and Energizer agreed to indemnify each other for losses arising from certain breaches of the GAC acquisition agreement and for certain other matters. The Company agreed to indemnify Energizer for certain liabilities relating to the assets retained by the Company, and Energizer agreed to indemnify the Company for certain liabilities assumed by Energizer, in each case as described in the acquisition agreement. As of September 30, 2020, the Company has recognized $1.4 million related to indemnifications in accordance with the acquisition agreement within Other Long-Term Liabilities on the Company’s Consolidated Statement of Financial Position primarily attributable to income tax indemnifications associated with previously recognized uncertain tax benefits.

The Company and Energizer entered into related agreements ancillary to the GAC acquisition that became effective upon the consummation of the acquisition, including a TSA and reverse TSA, a supply agreement with the Company’s H&G business, as well as a shareholder agreement. The TSA and reverse TSA are recognized as a component of continuing operations for periods following the completion of the GAC sale. The supply agreement with the Company’s H&G business is recognized as a component of net sales and continuing operations. Sales from the Company’s H&G segment to GAC discontinued operations prior to the divestiture have been recognized as a component of net sales and continuing operations for all comparable periods. See Note 17 – Related Party Transactions for additional discussion.

The following table summarizes the components of income from discontinued operations before income taxes associated with the GAC divestiture in the accompanying Consolidated Statements of Operations for the years ended September 30, 2019, and 2018, with the close of the GAC divestiture on January 28, 2019:


(in millions)	2019		2018
Net sales	$	87.7	$	465.6
Cost of goods sold	52.5		284.9
Gross profit	35.2		180.7
Operating expenses	35.7		117.8
Operating (loss) income	(0.5)		62.9
Interest expense	0.7		2.1
Other non-operating expense, net	0.2		0.2
Write-down of assets of business held for sale to fair value less cost to sell	111.0		92.5
Reclassification of accumulated other comprehensive income	3.3		—
Income from discontinued operations before income taxes	$	(115.7)	$	(31.9)

Beginning in November 2018, the Company ceased the recognition of depreciation and amortization of long-lived assets associated with GAC, resulting in $1.4 million of depreciation and amortization recognized during the year ended September 30, 2019. During the year ended September 30, 2018, the Company recognized depreciation and amortization of $16.3 million. Interest expense consists of interest from debt directly held by subsidiaries of the business held for sale, including interest from capital leases. During the year ended September 30, 2019, the Company recognized a $111.0 million write-down on net assets held for sale associated with the GAC divestiture attributable to the expected fair value to be realized from the sale, net of transaction costs. The impairment was primarily driven by the change in value of stock consideration to be received as a component of the purchase price from Energizer.

During the year ended September 30, 2019, the Company incurred transaction costs of $8.8 million associated with the divestiture which have been recognized as a component of income from discontinued operations on the Consolidated Statements of Income. No transactions costs associated with divestiture were incurred during the year ended September 30, 2018. Transaction costs are expensed as incurred and include fees for investment banking services, legal, accounting, due diligence, tax, valuation and various other services necessary to complete the transactions. After the completion of the divestiture, the Company incurred incremental costs to facilitate separation of shared operations, development of transferred shared service operations, platforms and personnel transferred under the transaction which have been recognized as Transaction Related Charges as part of continuing operations on the Company’s Consolidated Statement of Income. See Note 2 – Significant Accounting Policies and Practices for further detail.

HRG - Insurance Operations

On November 30, 2017, Fidelity & Guaranty Life (“FGL”), a former majority owned subsidiary of HRG, completed its merger (the “FGL Merger”) with CF Corporation and its related entities (collectively, the “CF Entities”) in accordance with its previously disclosed Agreement and Plan of Merger (the “FGL Merger Agreement”), pursuant to which, except for certain shares specified in the FGL Merger Agreement, each issued and outstanding share of common stock of FGL was automatically canceled and converted into the right to receive $31.10 in cash, without interest. The total consideration received by HRG Group Inc. as a result of the completion of the FGL Merger was $1,488.3 million. In addition, pursuant to a share purchase agreement, as of November 30, 2017, Front Street Re (Delaware) Ltd. sold to the CF Entities all of the issued and outstanding shares of Front Street for $65 million, which was subject to reduction for customary transaction expenses. In addition, $6.5 million of the purchase price was deposited in escrow for a period of 15 months to support any indemnification claims that might be made (if any) by the CF entities. The operations of FGL were classified as held for sale in the accompanying Consolidated Statement of Financial Position at September 30, 2017 and as discontinued operations through November 30, 2017 in the accompanying Consolidated Statements of Operations and Consolidated Statements of Cash Flows.

Additionally, HRG, FS Holdco II Ltd. (“FS Holdco”) and the CF Entities entered into an agreement (the “338 Agreement”) on May 24, 2017 pursuant to which the CF Entities agreed that FS Holdco may, at its option, cause the relevant CF Entity and FS Holdco to make a joint election under Section 338(h)(10) of the Internal Revenue Code of 1986, as amended, with respect to the FGL Merger and the deemed share purchases of FGL’s subsidiaries (the “338 Tax Election”). Pursuant to the 338 Agreement, if FS Holdco elects to make the 338 Tax Election, FS Holdco and/or CF Corporation will be required to make a payment for the election to the other. On March 8, 2018, FS Holdco exercised the 338 Tax Election and the CF Entities were required to pay FS Holdco $26.6 million during the three month period ended June 30, 2018.

The following table summarizes the components of Income from Discontinued Operations – HRG Insurance Operations, in the accompanying Consolidated Statements of Income for the year ending September 30, 2018:


(in millions)	2018
Revenues
Insurance premiums	$	6.8
Net investment income	181.9
Net investment gains	154.8
Other	35.1
Total revenues	378.6
Operating costs and expenses
Benefits and other changes in policy reserves	241.3
Selling, acquisition, operating and general expenses	52.8
Amortization of intangibles	35.8
Total operating costs and expenses	329.9
Operating income	48.7
Interest expense and other	4.0
Write-down of assets of business held for sale to fair value less cost to sell	(14.2)
Reclassification of accumulated other comprehensive income	445.9
Income from discontinued operations before income taxes	$	476.4

Upon the completion of the FGL Merger, HRG deconsolidated its ownership interest in FGL, which resulted in the reclassification of $445.9 million of accumulated other comprehensive income attributable from unrealized gains on FGL investment portfolio, net of offsets to income from discontinued operations during the year ended September 30, 2018. Additionally, subsequent to the close of the FGL Merger, the Company recognized a $5.9 million tax benefit allocated to HRG insurance operations discontinued operations during the year ended September 30, 2018, associated with the reversal of valuation allowance realized with the completion of the Spectrum Merger.

Coevorden Operations

On March 29, 2020, the Company completed its sale of the dog and cat food (“DCF”) production facility and distribution center in Coevorden, Netherlands (“Coevorden Operations”) pursuant to an agreement with United Petfood Producers NV (“UPP”) for total cash proceeds of $29.0 million. The divestiture does not constitute a strategic shift for the Company and therefore is not considered discontinued operations. The divestiture of the Coevorden Operations was defined as a disposal of a business and a component of the GPC segment and reporting unit, resulting in the allocation of $10.6 million of GPC goodwill to the disposal group based upon a relative fair-value allocation. The Company realized a loss on assets held for sale of $26.8 million during the year ended September 30, 2020.

The Company and UPP entered into related agreements ancillary to the acquisition that became effective upon the consummation of the acquisition, including a TSA. The Company will continue to operate its commercial DCF business following the divestiture of the Coevorden Operations and entered into a manufacturing agreement with UPP to supply the continuing DCF business, subject to an incremental tolling charge. Additionally, the Company will lease and operate the distribution center on behalf of UPP for up to 18 months following the divestiture under a lease agreement.

Acquisitions	12 Months Ended
Acquisitions	Sep. 30, 2020
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Omega Sea Acquisition On March 10, 2020, the Company entered into an asset purchase agreement with Omega Sea, LLC (“Omega”), a manufacturer and marketer of premium fish foods and consumable goods for the home and commercial aquarium markets, primarily consisting of the Omega brand, for a purchase price of approximately $16.9 million. The results of Omega’s operations since March 10, 2020 are included in the Company’s Consolidated Statements of Income and reported within the GPC reporting segment for the year ended September 30, 2020. 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 March 10, 2020, the 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, resulting in the recognition of $4.4 million for the indefinite lived intangible asset Omega trade name and the allocation of goodwill of $8.6 million, allocated to the GPC segment and deductible for tax purposes. Pro forma results have not been presented as the Omega acquisition is not considered individually significant to the consolidated results of the Company. Spectrum Merger Effective July 13, 2018, the Company completed the planned Spectrum Merger. Prior to the Spectrum Merger, the Company was a holding company, doing business as HRG and conducting its operations principally through its majority owned subsidiaries. In accordance with the Agreement and Plan of Merger (the “Merger Agreement”), HRG, through, HRG SPV Sub I, Inc., a Delaware corporation and direct wholly owned subsidiary of HRG (“Merger Sub”), merged with and into Spectrum Legacy, with Spectrum Legacy continuing as a wholly owned subsidiary of HRG. The certificate of incorporation of HRG was amended and restated, pursuant to which, among other things, the corporate name of HRG was changed to “Spectrum Brands Holdings, Inc.”, the Board of Directors of Spectrum Legacy were designated as the Board of Directors of the Company with an individual designated by Jefferies Financial Group (“Jefferies”, formerly Leucadia National Corporation) and the officers of Spectrum Legacy became officers of SBH. Further, HRG subsequently began operating under the name of Spectrum Brands Holdings, Inc. and the NYSE ticker symbol of HRG Common Stock changed to “SPB”. Immediately prior to the close of the Spectrum Merger, each issued and outstanding share of HRG common stock was, by means of a reverse stock split, combined into a fraction of a share of HRG Common Stock equal to (i) the number of shares of common stock, par value $0.01 per share, of Spectrum Legacy common stock held by HRG and its subsidiaries, adjusted for HRG’s net indebtedness as of closing, certain transaction expenses of HRG that are unpaid as of closing and a $200.0 million upward adjustment, divided by (ii) as of immediately prior to the reverse stock split, the number of outstanding shares of HRG common stock on a fully-diluted basis. Each share of Spectrum Legacy common stock issued and outstanding (other than shares held in treasury of Spectrum Legacy or held by HRG) were converted into the right to receive one share of newly issued HRG common stock and exchanged for HRG common stock. See Note 22 – Earnings Per Share - SBH for further detail on the conversion rate and reverse stock split. Each restricted stock award, restricted stock unit and performance stock unit granted under an equity plan of Spectrum Legacy, whether vested or unvested, were assumed by SBH and automatically converted into a corresponding equity-based award in SBH with the right to hold or acquire shares of common stock equal to the number of shares of Spectrum Legacy common stock previously underlying such award. Each new award is subject to the same terms and conditions as the corresponding Spectrum Legacy award. SBH assumed all rights and obligations in respect of each equity-based plan of Spectrum Legacy. The modification of the Spectrum Legacy awards to account for the exchange did not result in incremental expense and the recognized shared based compensation expense associated with the awards are based upon the fair value at the original grant date. See Note 19 – Share Based Compensation for further discussion over share based awards. Prior to the close, each stock option, warrant and restricted stock award granted under an equity-based plan of HRG outstanding and unvested immediately prior to the closing became fully vested and each stock option and warrant became exercisable. Each exercisable award that is unexercised shall be adjusted (including to give effect to the reverse stock split) and shall remain outstanding, subject to the same terms and conditions as applied to the corresponding award. Immediately prior to the reverse stock split, each HRG restricted stock award became fully vested and treated as a share of HRG common stock for purposes of the reverse stock split and the Merger. As a result, there are no unvested HRG equity based awards outstanding and all previously unrecognized stock compensation was recognized effective the date of close. See Note 19 – Share Based Compensation for further discussion over HRG share based awards. The Spectrum Merger was accounted for as an acquisition of a non-controlling interest. Prior to completion of the Spectrum Merger, the Company recognized non-controlling interest and income attributable to non-controlling interest in the Consolidated Financial Statements of SBH for the minority ownership of Spectrum Legacy. Effective July 13, 2018, Spectrum Legacy is a wholly owned subsidiary of SBH and all recognized non-controlled interest associated with Spectrum Legacy is part of SBH’s shareholder’s equity and income after completion of the Spectrum Merger was fully recognized as income attributable to controlling interest of SBH. As previously discussed, the presentation of the Company’s consolidated financial statements and certain notes to the consolidated financial statements have been updated to reflect the presentation of Spectrum Legacy’s historical financial statements. During the years ended September 30, 2018, the Company incurred costs of $45.9 million associated with the Spectrum Merger and recognized as General and Administrative Expenses on the Consolidated Statements of Income of SBH. Armitage Acquisition On October 26, 2020, the Company completed the acquisition of Armitage Pet Care Ltd ("Armitage") for approximately $187 million. Armitage is a premium pet treats and toys business in Nottingham, United Kingdom including a portfolio of brands that include Armitage's dog treats brand, Good Boy®, and cat treats brand, Meowee!®, among others, that are predominantly sold within the United Kingdom. The net assets and operating results of Armitage will be included in the financial statements subsequent to the balance sheet date of September 30, 2020 and included within the GPC reporting segment for all subsequent periods. Pro forma results have not been presented as the Armitage acquisition is not considered individually significant to the consolidated results of the Company.

Restructuring and Related Charges

12 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND RELATED CHARGES

Global Productivity Improvement Program – During the year ended September 30, 2019, the Company initiated a company-wide, multi-year program, which consists of various restructuring related initiatives to redirect resources and spending to drive growth, identify cost savings and pricing opportunities through standardization and optimization, develop organizational and operating optimization, and reduce overall operational complexity across the Company. Since the announcement of the project and completion of the Company’s divestitures in GBL and GAC during the year ended September 30, 2019, the project focus includes the transitioning of the Company’s continuing operations in a post-divestiture environment and separation with Energizer TSAs and reverse TSAs. Refer to Note 3 – Divestitures and Note 17 – Related Party Transactions for further discussion of continuing involvement with Energizer. The initiative includes review of global processes, opportunity spending and organization design and structures; headcount reductions and transfers; and rightsizing the Company’s shared operations and commercial business strategy in certain regions and local jurisdictions; among others. Total cumulative costs incurred associated with the project were $132.5 million as of September 30, 2020, with approximately $31.0 million forecasted in the foreseeable future. The project costs are anticipated to be incurred through the fiscal year ending September 30, 2022.

HHI Distribution Center Consolidation – During the year ended September 30, 2017, the Company implemented an initiative within the HHI segment to consolidate certain operations and reduce operating costs. The initiative included headcount reductions and the exit of certain facilities, including such incremental costs to consolidate or close facilities, relocate employees, cost to retrain employees to use newly deployed assets or systems, lease termination costs, and redundant or incremental transitional operating costs and customer fines and penalties incurred during transition, among others. Total cumulative costs associated with this initiative was $81.7 million. The project was completed as of December 30, 2018.

GPC Rightsizing Initiative – During the year ending September 30, 2017, the Company implemented a rightsizing initiative within the GPC segment to streamline certain operations and reduce operating costs. The initiative includes headcount reductions and the rightsizing of certain facilities. Total costs associated with this initiative of $20.3 million have been incurred and completed as of September 30, 2018.

Other Restructuring Activities – The Company may enter into small, less significant initiatives and restructuring related activities to reduce costs and improve margins throughout the organization. Individually these activities are not substantial and occur over a shorter time period (generally less than 12 months).

The following summarizes restructuring and related charges for the years ended September 30, 2020, 2019, and 2018:


(in millions)	2020		2019		2018
Global productivity improvement program	$	71.6	$	60.9	$	—
HHI distribution center consolidation	—		2.3		52.0
GPC rightsizing initiative	—		—		12.1
Other restructuring activities	1.0		2.5		11.5
Total restructuring and related charges	$	72.6	$	65.7	$	75.6
Reported as:
Cost of goods sold	$	14.3	$	2.8	$	3.6
Operating expense	58.3		62.9		72.0

The following summarizes restructuring and related charges for the years ended September 30, 2020, 2019, and 2018, and cumulative costs of restructuring initiatives as of September 30, 2020, by cost type. Termination costs consist of involuntary employee termination benefits and severance pursuant to a one-time benefit arrangement recognized as part of a restructuring initiative. Other costs consist of non-termination type costs related to restructuring initiatives such as incremental costs to consolidate or close facilities, relocate employees, cost to retrain employees to use newly deployed assets or systems, lease termination costs, and redundant or incremental transitional operating costs and customer fines and penalties during transition, among others:


(in millions)	Termination Benefits		Other Costs		Total
For the year ended September 30, 2020	$	12.8	$	59.8	$	72.6
For the year ended September 30, 2019	9.8		55.9		65.7
For the year ended September 30, 2018	7.8		67.8		75.6
Cumulative costs through September 30, 2020	22.8		109.7		132.5
Future costs to be incurred	5.8		25.2		31.0

The following is a rollforward of the accrual related to all restructuring and related activities, included within Other Current Liabilities, by cost type, for the years ended September 30, 2020, 2019, and 2018:


(in millions)	Termination Benefits		Other Costs		Total
Accrual balance at September 30, 2018	$	3.1	$	4.7	$	7.8
Provisions	7.9		26.7		34.6
Cash expenditures	(3.8)		(3.3)		(7.1)
Non-cash items	(0.6)		(1.1)		(1.7)
Accrual balance at September 30, 2019	$	6.6	$	27.0	$	33.6
Adoption of ASU 842 (Note 2)	—		(4.2)		(4.2)
Provisions	4.3		41.7		46.0
Cash expenditures	(7.1)		(57.8)		(64.9)
Non-cash items	0.3		(0.3)		—
Accrual balance at September 30, 2020	$	4.1	$	6.4	$	10.5

The following summarizes restructuring and related charges by segment for the years ended September 30, 2020, 2019, and 2018, cumulative costs of restructuring initiatives as of September 30, 2020 and future expected costs to be incurred by segment:


(in millions)	HHI		HPC		GPC		H&G		Corporate		Total
For the year ended September 30, 2020	$	1.0	$	4.6	$	20.8	$	0.5	$	45.7	$	72.6
For the year ended September 30, 2019	4.7		8.1		7.6		1.8		43.5		65.7
For the year ended September 30, 2018	52.8		0.7		13.2		0.8		8.1		75.6
Cumulative costs through September 30, 2020	1.5		12.6		28.0		2.2		88.2		132.5
Future costs to be incurred	0.8		3.6		2.3		2.1		22.2		31.0

Revenue Recognition

12 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

The Company generates all of its revenue from contracts with customers. The following table disaggregates our revenue for the years ended September 30, 2020, by the Company’s key revenue streams, segments and geographic region (based upon destination):


	September 30, 2020
(in millions)	HHI		HPC		GPC		H&G		Total
Product Sales
NA	$	1,305.2	$	458.7	$	667.4	$	543.1	$	2,974.4
EMEA	—		447.3		232.6		—		679.9
LATAM	33.3		126.8		14.4		6.7		181.2
APAC	2.6		65.8		35.7		—		104.1
Licensing	1.0		9.0		8.3		2.1		20.4
Other	—		—		4.2		—		4.2
Total Revenue	$	1,342.1	$	1,107.6	$	962.6	$	551.9	$	3,964.2

The following table disaggregates our revenue for the year ended September 30, 2019, by the Company’s key revenue streams, segments and geographic region (based upon destination):


	September 30, 2019
(in millions)	HHI		HPC		GPC		H&G		Total
Product Sales
NA	$	1,282.5	$	428.6	$	586.1	$	502.0	$	2,799.2
EMEA	0.8		429.3		222.6		—		652.7
LATAM	47.1		139.5		13.4		4.4		204.4
APAC	24.0		61.0		36.6		—		121.6
Licensing	1.3		9.7		6.8		1.7		19.5
Other	—		—		4.7		—		4.7
Total Revenue	$	1,355.7	$	1,068.1	$	870.2	$	508.1	$	3,802.1

The Company has a broad range of customers including many large retail outlet chains, three of which exceed 10% of consolidated Net Sales. These three customers represented 34.8%, 34.4% and 31.3% of the Company’s Net Sales during years ended September 30, 2020, 2019 and 2018, respectively.

On October 1, 2018, the Company adopted Topic 606 applying the modified retrospective method to all contracts that were not completed as of October 1, 2018. Results for reporting periods beginning after October 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of Topic 606 did not have a material impact to its period revenue or net income on an ongoing basis. Refer to Note 2 – Significant Accounting Policies and Practices for further discussion of the revenue recognition of Topic 606.

In the normal course of business, the Company may allow customers to return product or take credit for product returns per the provisions in a sale agreement. Estimated product returns are recorded as a reduction in reported revenues at the time of sale based upon historical product return experience, adjusted for known trends, to arrive at the amount of consideration expected to receive. For the anticipated value of the returns, the adoption of Topic 606 resulted in the recognition of a return asset included in the Prepaid Expenses and Other Current Assets and the returns liability recognized in Other Current Liabilities. Prior to the adoption of Topic 606, the reserve for product returns was recognized net of anticipated value of returned product as a reduction to Trade Receivable, Net on the Company’s Consolidated Statement of Financial Position. The following is a rollforward of the allowance for product returns for the years ended September 30, 2020, 2019 and 2018:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2020	$	19.2	$	36.9	$	(33.3)	$	0.3	$	23.1
September 30, 2019	20.9		33.4		(34.4)		(0.7)		19.2
September 30, 2018	20.3		30.3		(31.8)		2.1		20.9

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Fair Value of Financial Instruments

12 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

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 absence 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 carrying values and estimated fair values for financial instruments as of September 30, 2020 and 2019 are as follows:


	September 30, 2020										September 30, 2019
(in millions)	Level 1		Level 2		Level 3		Fair Value		Carrying Amount		Level 1		Level 2		Level 3		Fair Value		Carrying Amount
Investments	$	66.9	$	—	$	—	$	66.9	$	—	$	230.8	$	—	$	—	$	230.8	$	230.8
Derivative Assets	—		1.2		—		1.2		—		—		9.5		—		9.5		9.5
Derivative Liabilities	—		14.2		—		14.2		—		—		2.3		—		2.3		2.3
Debt - SBH	—		2,595.4		—		2,595.4		2,476.3		—		2,468.8		—		2,468.8		2,351.3
Debt - SB/RH	—		2,595.4		—		2,595.4		2,476.3		—		2,391.8		—		2,391.8		2,276.0

Investments consist of our investment in Energizer common stock and is valued at quoted market prices for identical instruments in an active market. As part of consideration received for the GAC divestiture, the Company received 5.3 million shares of Energizer common stock, valued at $242.1 million on January 28, 2019, the effective close date of the GAC divestiture. Unrealized income (loss) from changes in fair value, realized income (loss) from sale of equity investments, plus dividend income from equity investments, are recognized as components of Other Non-Operating Expense, Net on the Consolidated Statements of Income. During the year ended September 30, 2020, the Company sold 3.6 million shares of Energizer common stock for proceeds of $147.1 million. As of September 30, 2020, the company holds 1.7 million shares of Energizer common stock.

The following is a summary of income recognized from equity investments for the years ended September 30, 2020 and 2019:


(in millions)	2020		2019
Unrealized loss on equity investments held	$	(7.5)	$	(12.1)
Realized loss on equity investments sold	(9.3)		—
Loss on equity investments	(16.8)		(12.1)
Dividend income from equity investments	5.0		4.8
Loss from equity investments	$	(11.8)	$	(7.3)

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). See Note 14 – Derivatives for additional detail. 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). See Note 12 – Debt for additional detail. 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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Receivables

12 Months Ended

Sep. 30, 2020

Receivables [Abstract]

RECEIVABLES

The allowance for uncollectible receivables as of September 30, 2020 and 2019 was $6.4 million and $4.9 million, respectively. The following is a rollforward of the allowance for doubtful accounts for the years ended 2020, 2019 and 2018:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2020	$	4.9	$	2.3	$	(0.7)	$	(0.1)	$	6.4
September 30, 2019	4.0		2.7		(2.2)		0.4		4.9
September 30, 2018	6.1		2.9		(3.5)		(1.5)		4.0

The Company has a broad range of customers including many large retail outlet chains, some of which exceed 10% of consolidated Net Trade Receivables. There were two customers that exceed 10% of the Company'consolidated Net Trade Receivables representing 28% and three customers representing 30% of the Company’s Trade Receivables as of September 30, 2020 and 2019, respectively.

We have entered into various factoring agreements and early pay programs with our customers to sell our trade receivables under non-recourse agreements in exchange for cash proceeds. A loss on sale is recognized for any discount and factoring fees associated with the transfer. We utilize factoring arrangements as an integral part of our financing for working capital. These transactions are treated as a sale and are accounted for as a reduction in trade receivables because the agreements transfer effective control over and risk related to the receivables to buyers. In some instances, we may continue to service the transferred receivable after the factoring has occurred, but in most cases we do not service any factored accounts. Any servicing of the trade receivable does not constitute significant continuing involvement or preclude the recognition of a sale. We do not carry any material servicing assets or liabilities. Cash proceeds from these arrangements are reflected as operating activities. The aggregate gross amount factored under these facilities was $1,554.5 million, $1,649.3 million and $1,675.3 million for the years ended September 30, 2020, 2019 and 2018, respectively. The cost of factoring such trade receivables was $5.7 million for the year ended September 30, 2020, and $9.4 million for the years ended September 30, 2019 and 2018 and reflected in the Consolidated Statements of Income as General and Administrative Expense.

Inventory

12 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

INVENTORY

Inventories as of September 30, 2020 and 2019 consist of the following:


(in millions)	2020		2019
Raw materials	$	67.8	$	66.2
Work-in-process	60.8		46.4
Finished goods	429.1		435.8
	$	557.7	$	548.4

Property, Plant and Equipment

12 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

PROPERTY PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of September 30, 2020 and 2019 consist of the following:


(in millions)	2020		2019
Land, buildings and improvements	$	134.8	$	161.4
Machinery, equipment and other	520.0		523.6
Capital leases	200.8		197.2
Construction in progress	29.8		31.7
Property, plant and equipment	$	885.4	$	913.9
Accumulated depreciation	(488.9)		(461.0)
Property, plant and equipment, net	$	396.5	$	452.9

Depreciation expense from property, plant and equipment for the years ended September 30, 2020, 2019 and 2018 was $80.6 million, $97.4 million, and $72.3 million, respectively. During the first quarter of the year ended September 30, 2019 the Company recognized incremental depreciation of $13.5 million attributable to depreciation on property plant and equipment of assets of HPC that were previously held for sale.

Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill, by segment, consists of the following:


(in millions)	HHI		GPC		H&G		HPC		Total
As of September 30, 2018	$	704.3	$	435.9	$	196.5	$	118.0	$	1,454.7
Foreign currency impact	(2.2)		(5.5)		—		(2.0)		(9.7)
Impairment	—		—		—		(116.0)		(116.0)
Deferred tax impact	—		—		(0.9)		—		(0.9)
As of September 30, 2019	$	702.1	$	430.4	$	195.6	$	—	$	1,328.1
Foreign currency impact	2.7		3.2		—		—		5.9
Omega Sea acquisition (Note 4)	—		8.6		—		—		8.6
Allocated to Assets Held for Sale - Coevorden Operations (Note 3)	—		(10.6)		—		—		(10.6)
As of September 30, 2020	$	704.8	$	431.6	$	195.6	$	—	$	1,332.0

The fair values of the HHI, GPC, and H&G reporting units exceeded their carrying values by 32%, 52%, and 134%, respectively, and we did not recognize an impairment or deemed the respective units as 'at risk' of impairment for the year ended September 30, 2020. The Company considered the impact of the COVID-19 pandemic on its future cash flows when preparing its annual goodwill impairment test; however, the full extent of the impact the pandemic may have on the Company's business, operations, and financial condition is currently unknown. The duration and severity of the COVID-19 pandemic could result in future impairment charges not currently considered.

During the year ended September 30, 2019, the Company recognized an impairment loss on goodwill of the HPC reporting unit of $116.0 million. The goodwill loss was a result of HPC being previously held for sale and subsequent separation of the business from the Global Batteries and Appliances ("GBA") reporting unit following the GBL divestiture, as well as competitive pressure and reduced margin realization and decline in operating results during the year ended September 30, 2019.

The carrying value of indefinite lived intangible and definite lived intangible assets subject to amortization and accumulated amortization are as follows:


	2020						2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizable Intangible Assets
Customer relationships	$	692.1	$	(367.9)	$	324.2	$	694.9	$	(329.7)	$	365.2
Technology assets	175.7		(104.1)		71.6		179.4		(90.9)		88.5
Tradenames	161.0		(132.6)		28.4		160.4		(118.1)		42.3
Total Amortizable Intangible Assets	1,028.8		(604.6)		424.2		1,034.7		(538.7)		496.0
Indefinite-lived Intangible Assets - Tradenames	1,007.5		—		1,007.5		1,011.1		—		1,011.1
Total Intangible Assets	$	2,036.3	$	(604.6)	$	1,431.7	$	2,045.8	$	(538.7)	$	1,507.1

During the year ended September 30, 2020, the Company recognized an impairment of $16.6 million on indefinite-lived intangible assets of tradenames associated with the commercial DCF business following the divestiture of the Coevorden Operations. During the year ended September 30, 2019, the Company recognized an impairment of $18.8 million and $16.6 million on indefinite life intangible assets due to the reduction in value on certain tradenames associated with the with the HPC and GPC segments, respectively, primarily due to reduced sales volume and response to changes in management’s strategy. During the year ended September 30, 2018 the Company recognized $20.3 million impairment on certain tradenames associated with the GPC segment driven by lost sales volumes attributable to safety recall and increased market competition. As of September 30, 2020, there are approximately $136.9 million of intangible assets the could be deemed at risk of future impairment due to the limited excess fair value.

For definite lived intangible assets, the Company recognized an impairment of $7.6 million due to the incremental cash flow risk associated with the commercial DCF business following the divestiture of the Coevorden Operations, which consisted of the remaining carrying cost of the definite lived intangibles assets associated with the commercial DCF business. There were no additional impairments identified during the year ended September 30, 2020.

Amortization expense from the intangible assets for the years ended September 30, 2020, 2019 and 2018 was $68.0 million, $83.4 million and $53.0 million, respectively. During the year ended September 30, 2019, there was an incremental amortization expense of $15.5 million recognized attributable to amortization expense on intangible assets of HPC that were previously held for sale. Refer Note 21 - Segment Information for further discussion.

Excluding the impact of any future acquisitions or changes in foreign currency, the Company anticipates the annual amortization expense of intangible assets for the next five fiscal years will be as follows:


(in millions)	Amortization
2021	$	74.9
2022	54.5
2023	44.4
2024	44.4
2025	42.3

Debt

12 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

DEBT

Debt for SBH and SB/RH as of September 30, 2020 and 2019 consists of the following:


	SBH								SB/RH
	2020				2019				2020				2019
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Spectrum Brands Inc.
Revolver Facility, variable rate, expiring June 30, 2025	$	—	—	%	$	—	—	%	$	—	—	%	$	—	—	%
6.625% Notes, due November 15, 2022	—		—	%	117.4		6.6	%	—		—	%	117.4		6.6	%
6.125% Notes, due December 15, 2024	250.0		6.1	%	250.0		6.1	%	250.0		6.1	%	250.0		6.1	%
5.75% Notes, due July 15, 2025	1,000.0		5.8	%	1,000.0		5.8	%	1,000.0		5.8	%	1,000.0		5.8	%
4.00% Notes, due October 1, 2026	499.1		4.0	%	465.0		4.0	%	499.1		4.0	%	465.0		4.0	%
5.00% Notes, due October 1, 2029	300.0		5.0	%	300.0		5.0	%	300.0		5.0	%	300.0		5.0	%
5.50% Notes, due July 15, 2030	300.0		5.5	%	—		—	%	300.0		5.5	%	—		—	%
Other notes and obligations	3.2		7.6	%	9.5		10.4	%	3.2		7.6	%	9.5		10.4	%
Obligations under capital leases	160.5		5.6	%	165.6		5.6	%	160.5		5.6	%	165.6		5.6	%
Total Spectrum Brands, Inc. debt	2,512.8				2,307.5				2,512.8				2,307.5
Spectrum Brands Holdings, Inc.
Salus - unaffiliated long-term debt of consolidated VIE	—		—	%	77.0		—	%	—		—	%	—		—	%
Total SBH debt	2,512.8				2,384.5				2,512.8				2,307.5
Unamortized discount on debt	—				(0.2)				—				—
Debt issuance costs	(36.5)				(33.0)				(36.5)				(31.5)
Less current portion	(15.3)				(136.9)				(15.3)				(136.9)
Long-term debt, net of current portion	$	2,461.0			$	2,214.4			$	2,461.0			$	2,139.1

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


(in millions)	SBH		SB/RH
2021	$	3.2	$	3.2
2022	—		—
2023	—		—
2024	—		—
2025	1,250.0		1,250.0
Thereafter	1,099.1		1,099.1
Total long-term debt	$	2,352.3	$	2,352.3

Revolver Facility

On June 30, 2020, the Company entered into the Amended and Restated Credit Agreement, which refinances the Company’s previously existing credit facility, and includes certain modified terms from the previously existing revolving credit facility. The maturity was extended to June 30, 2025, and the facility was reduced from $890.0 million to $600.0 million (with a U.S. dollar tranche and a multicurrency tranche). The interest rate margins applicable to the facility were changed and a LIBOR floor of 0.75% was installed. As of September 30, 2020, the Revolver Facility is subject to either adjusted LIBOR plus margin ranging from 1.75% to 2.75% per annum, or base rate plus margin ranging from 0.75% to 1.75% per annum. The Credit Agreement was otherwise provided on the same terms and conditions as the previously existing Revolver Facility. The Company incurred $3.5 million in connection with the Credit Agreement, which have been capitalized as debt issuance costs and amortized over the remaining term of the Credit Agreement.

The Credit Agreement, solely with respect to the Revolver Facility, contains a financial covenant test on the last day of each fiscal quarter on the maximum total leverage ratio. This is calculated as the ratio of (i) the principal amount of third-party debt for borrowed money (including unreimbursed letter of credit drawings), capital leases and purchase money debt, at period-end, less cash and cash equivalents, to (ii) adjusted EBITDA for the trailing twelve months. The maximum total leverage ratio should be no greater than 6.0 to 1.0. As of September 30, 2020, we were in compliance with all covenants under the Credit Agreement.

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.

As a result of borrowings and payments under the Revolver Facility, at September 30, 2020, the Company had borrowing availability of $579.3 million, net outstanding letters of credit of $20.7 million.

Spectrum 5.500% Notes

On June 30, 2020, SBI issued $300.0 million aggregate principal amount of 5.50% Senior Notes due 2030 (the "5.50% Notes") and entered into the indenture governing the 5.50% Notes (the “2030 Indenture”). The 5.50% Notes mature on July 15, 2030 and are unconditionally guaranteed, on a senior unsecured basis, by SB/RH and by SBI’s existing and future domestic subsidiaries that guarantee indebtedness under the Credit Agreement . The proceeds from the 5.50% Notes were used for repayment of the Revolver Facility obligation.

SBI may redeem all or part of the 5.50% Notes at any time on or after July 15, 2025 at certain fixed redemption prices as set forth in the 2030 Indenture. In addition, prior to July 15, 2025, SBI may redeem the Notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium, plus accrued and unpaid interest. Before July 15, 2023, the Company may redeem up to 35% of the aggregate principal notes with cash equal to the net proceeds that SBI raises in equity offerings at specified redemption price as set forth in the 2030 Indenture. Further, the 2030 Indenture requires SBI to make an offer to repurchase all outstanding 5.50% Notes upon the occurrence of a change of control of SBI, as defined in the 2030 Indenture.

The 2030 Indenture contains covenants limiting, among other things, the incurrence of additional indebtedness, payments 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 2030 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 an acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency.

The Company recorded $6.2 million of fees in connection with the offering of the 5.50% Notes, which have been capitalized as debt issuance costs and amortized over the remaining life of the 5.50% Notes.

Spectrum 5.00% Notes

On September 24, 2019, SBI issued $300.0 million aggregate principal amount of 5.00% Senior Notes due October 1, 2029. The 5.00% Notes are guaranteed by SB/RH as well as by SBI’s existing and future domestic subsidiaries.

On or after October 1, 2024, SBI may redeem some or all of the Notes at certain fixed redemption prices. In addition, prior to October 1, 2024, SBI may redeem the Notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium. SBI may redeem up to 35% of the Notes, including additional notes, with an amount of cash equal to the net proceeds of equity offerings at specified redemption prices. Further, the indenture governing the 5.00% Notes (the “2029 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 2029 Indenture.

The 2029 Indenture contains 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 2029 Indenture proves 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 2029 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 5.00% Notes. If any other event of default under the 2029 Indenture occurs and is continuing, the trustee for the 2029 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 5.00% Notes, may declare the acceleration of the amounts due under those notes. As of September 30, 2020, we were in compliance with all covenants under the indentures governing the 5.00% Notes.

The Company recorded $4.1 million of fees in connection with the offering of the 5.00% Notes, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 5.00% Notes.

Spectrum 4.00% Notes

On September 20, 2016, SBI issued €425 million aggregate principal amount of 4.00% Notes at par value, due October 1, 2026. The 4.00% 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 4.00% Notes, at any time on or after October 1, 2021 at specified redemption prices. In addition, prior to October 1, 2021, SBI may redeem the notes at a redemption price equal to 100% of the principal amounts plus a “make-whole” premium. SBI is also entitled to redeem up to 35% of the aggregate principal amount of the notes before October 1, 2019 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 4.00% Notes (the “2026 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 2026 Indenture.

The 2026 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 2026 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 2026 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 4.00% Notes. If any other event of default under the 2026 Indenture occurs and is continuing, the trustee for the 2026 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 4.00% Notes, may declare the acceleration of the amounts due under those notes. As of September 30, 2020, we were in compliance with all covenants under the indentures governing the 4.00% Notes.

The Company recorded $7.7 million of fees in connection with the offering of the 4.00% Notes, which have been capitalized as debt issuance costs and are being amortized over the remaining life of the 4.00% Notes.

Spectrum 5.75% Notes

On May 20, 2015, 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. As of September 30, 2020, we were in compliance with all covenants under the indentures governing the 5.75% Notes.

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

Spectrum 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 by 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. As of September 30, 2020, we were in compliance with all covenants under the indentures governing the 6.125% Notes.

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

Spectrum 6.625% Notes

On December 17, 2012, in connection with the acquisition of HHI Business, the Company assumed $570 million aggregate principal amount of 6.625% Notes at par value, due November 15, 2022 (the “6.625% Notes”).

The 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 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing 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. Subsequent to the year ended September 30, 2017 and effective November 15, 2017, the 6.625% Notes became callable by the Company.

On March 21, 2019, the Company completed the prepayment of $285.0 million of the $570.0 million aggregate principal amount of its 6.625% Notes, plus accrued and unpaid interest, using proceeds received from the GAC divestiture, recognizing a loss on extinguishment of the debt of $9.6 million attributable to a $6.3 million premium on repayment of the debt and a non-cash charge of $3.3 million attributable to the write-off of deferred financing costs associated with the debt.

On September 24, 2019, the Company repurchased a total of $167.6 million aggregate principal amount or approximately 58.8% of the outstanding aggregate principal amount of the 6.625% Notes in a cash tender offer. In connection with the tender, the Company recognized a loss on extinguishment of debt of $4.6 million attributable to a $2.9 million premium on repayment of the debt and a non-cash charge of $1.7 million attributable to the write-off of deferred financing costs associated with the debt. On September 24, 2019, we amended the 6.625% Notes indenture to eliminate substantially all of the restrictive covenants and certain events of default.

On November 15, 2019, SBI completed the tender and call of its 6.625% Notes with an outstanding principal of $117.4 million, recognizing a loss on extinguishment of the debt of $2.6 million including a non-cash charge of $1.1 million attributable to the write-off of deferred financing costs associated with the debt for the year ended September 30, 2020.

Salus

In February 2013, September 2013 and February 2015, Salus completed a collateralized loan obligation (“CLO”) securitization of up to $578.5 million notional aggregate principal amount. The outstanding notional aggregate principal amount of was taken up by unaffiliated entities, including HRG’s former subsidiary, FGL, and consisted entirely of subordinated debt. The obligations of the Salus CLO securitization were secured by the assets of the variable interest entity (the "VIE"), which primarily consisted of asset-based loan receivables and carry residual interest subject to maintenance of certain covenants. The obligations of the CLO were non-recourse to the Company. The CLO has effectively distributed the remaining assets and as of June 3, 2020, the CLO was discharged of its obligation under the indentures as there were no assets that remained with the CLO to service the outstanding debt and no recourse to the Company. Following the discharge of the debt, there are no substantial net assets remaining with the VIE. During the year ended September 30, 2020, the CLO realized a non-cash gain on extinguishment of debt of $76.2 million attributable to the discharge of the debt, consisting of $77.0 million for the carrying value of the outstanding debt upon discharge, and $0.1 million for the unamortized discount on the associated debt and $0.7 million for debt issuance costs.

Leases

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

LEASES

The Company has leases primarily pertaining to land, buildings and equipment that expire at various times through February 2047. We have identified embedded operating leases within certain logistic agreements for warehouses and IT services arrangements and recognized assets identified in the arrangements as part of operating ROU assets on the Company’s Consolidated Statement of Financial Position as of September 30, 2020. We elected to exclude certain supply chain contracts that contain embedded leases for manufacturing facilities or dedicated manufacturing lines from our ROU asset and liability calculation based on the insignificant impact to our financial statements.

The following is a summary of the Company’s leases recognized on the Company’s Consolidated Statement of Financial Position as of September 30, 2020:

(in millions)

Line Item

2020

Assets

Operating

Operating lease assets

103.8

Finance

Property, plant and equipment, net

136.3

Total leased assets

240.1

Liabilities

Current

Operating

Other current liabilities

22.4

Finance

Current portion of long-term debt

12.1

Long-term

Operating

Long-term operating lease liabilities

88.8

Finance

Long-term debt, net of current portion

148.4

Total lease liabilities

271.7

As of September 30, 2020, the Company had no significant commitments related to leases executed that have not yet commenced.

The Company records its operating lease and amortization of finance lease ROU assets within Cost of Goods Sold or Operating Expenses in the Consolidated Statement of Income depending on the nature and use of the underlying asset. The Company records its finance interest cost within interest expense in the Consolidated Statement of Income.

The components of lease costs recognized in the Consolidated Statement of Income for the year ended September 30, 2020 are as follows:


(in millions)	2020
Operating lease cost	$	26.6
Finance lease cost
Amortization of leased assets	14.5
Interest on lease liability	9.1
Variable lease cost	11.7
Total lease cost	$	61.9

During the year ended September 30, 2020, the Company recognized income attributable to leases and sub-leases of $2.1 million, including $1.3 million from the sublease of the Company’s Corporate Headquarters in Middleton, Wisconsin with a related party, Energizer. Income from leases and sub-leases is recognized as Other Non-Operating Income on the Consolidated Statement of Income.

The following is a summary of the Company’s cash paid for amounts included in the measurement of lease liabilities recognized in the Consolidated Statement of Cash Flow, including supplemental non-cash activity related to operating leases, for the year ended September 30, 2020:


(in millions)	2020
Operating cash flow from operating leases	$	25.7
Operating cash flows from finance leases	9.1
Financing cash flows from finance leases	11.8
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	24.1

The following is a summary of weighted-average lease term and discount rate at September 30, 2020:


	2020
Weighted average remaining lease term
Operating leases	6.6 years
Finance leases	15.6 years
Weighted average discount rate
Operating leases	4.68	%
Finance leases	5.60	%

At September 30, 2020, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2021	$	20.1	$	27.2
2022	18.1		22.3
2023	17.0		20.1
2024	16.7		22.5
2025	19.6		9.5
Thereafter	162.4		29.3
Total lease payments	253.9		130.9
Amount representing interest	(93.4)		(19.7)
Total minimum lease payments	$	160.5	$	111.2

As of September 30, 2019, minimum commitments under the Company’s leases, as required under prior lease guidance, were as follows:


(in millions)	Finance Leases		Operating Leases
2020	$	17.5	$	25.0
2021	19.7		23.2
2022	16.5		20.6
2023	15.5		17.8
2024	15.4		10.8
Thereafter	179.9		37.5
Total lease payments	264.5		134.9
Amount representing interest	(98.9)		—
Total minimum lease payments	$	165.6	$	134.9

LEASES

The following is a summary of the Company’s leases recognized on the Company’s Consolidated Statement of Financial Position as of September 30, 2020:

(in millions)

Line Item

2020

Assets

Operating

Operating lease assets

103.8

Finance

Property, plant and equipment, net

136.3

Total leased assets

240.1

Liabilities

Current

Operating

Other current liabilities

22.4

Finance

Current portion of long-term debt

12.1

Long-term

Operating

Long-term operating lease liabilities

88.8

Finance

Long-term debt, net of current portion

148.4

Total lease liabilities

271.7

As of September 30, 2020, the Company had no significant commitments related to leases executed that have not yet commenced.

The components of lease costs recognized in the Consolidated Statement of Income for the year ended September 30, 2020 are as follows:


(in millions)	2020
Operating lease cost	$	26.6
Finance lease cost
Amortization of leased assets	14.5
Interest on lease liability	9.1
Variable lease cost	11.7
Total lease cost	$	61.9


(in millions)	2020
Operating cash flow from operating leases	$	25.7
Operating cash flows from finance leases	9.1
Financing cash flows from finance leases	11.8
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	24.1

The following is a summary of weighted-average lease term and discount rate at September 30, 2020:


	2020
Weighted average remaining lease term
Operating leases	6.6 years
Finance leases	15.6 years
Weighted average discount rate
Operating leases	4.68	%
Finance leases	5.60	%

At September 30, 2020, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2021	$	20.1	$	27.2
2022	18.1		22.3
2023	17.0		20.1
2024	16.7		22.5
2025	19.6		9.5
Thereafter	162.4		29.3
Total lease payments	253.9		130.9
Amount representing interest	(93.4)		(19.7)
Total minimum lease payments	$	160.5	$	111.2

As of September 30, 2019, minimum commitments under the Company’s leases, as required under prior lease guidance, were as follows:


(in millions)	Finance Leases		Operating Leases
2020	$	17.5	$	25.0
2021	19.7		23.2
2022	16.5		20.6
2023	15.5		17.8
2024	15.4		10.8
Thereafter	179.9		37.5
Total lease payments	264.5		134.9
Amount representing interest	(98.9)		—
Total minimum lease payments	$	165.6	$	134.9

Derivatives

12 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES

Derivative financial instruments are used by the Company principally in the management of its foreign currency exchange rate, raw material price and interest rate exposures. The Company does not hold or issue derivative financial instruments for trading purposes.

Cash Flow Hedges

Commodity Swaps. The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes of its HHI segment. The Company hedges a portion of the risk associated with the purchase of these materials using commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At September 30, 2020, the Company had a series of brass and zinc swap contracts outstanding through February 28, 2022. The derivative net gain estimated to be reclassified from AOCI into earnings over the next 12 months is $0.6 million, net of tax. The Company had the following commodity swap contracts outstanding as of September 30, 2020 and 2019:


	2020				2019
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Brass swap contracts	949.0	Metric Tons	$	4.4	904.9	Metric Tons	$	4.4
Zinc swap contracts	1,552.0	Metric Tons	3.4		—	Metric Tons	—

Foreign exchange contracts. The Company periodically enters into forward foreign exchange contracts to hedge a portion of 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 Australian Dollars, Canadian Dollars, Euros, Japanese Yen, Pound Sterling or U.S. Dollars. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to Net Sales or purchase price variance in Cost of Goods Sold on the Consolidated Statements of Income. At September 30, 2020, the Company had a series of foreign exchange derivative contracts outstanding through March 29, 2022. The derivative net loss estimated to be reclassified from AOCI into earnings over the next 12 months is $2.8 million, net of tax. At September 30, 2020 and 2019, the Company had foreign exchange derivative contracts designated as cash flow hedges with a notional value of $273.4 million and $235.6 million, respectively.

Interest Rate Swaps. During the year ended September 30, 2019, the Company had a series of U.S. dollar denominated interest rate swaps outstanding which effectively fixed the interest on floating rate debt related to the 2022 Term Loan, exclusive of lender spreads, at 1.76% for a notional principal amount of $300.0 million through May 8, 2020. On January 4, 2019, the underlying debt and related hedge were settled following the close of GBL divestiture. As a result, the Company recognized a gain of $3.6 million during the year ended September 30, 2019, recognized as a component of discontinued operations as interest expense from the Term Loans allocated to discontinued operations per Note 3 – Divestitures. As of September 30, 2020 and 2019, there are no outstanding interest rate swaps hedges.

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. The following table summarizes the impact of the effective and ineffective portions of designated hedges and the gain (loss) recognized in the Consolidated Statement of Income for the years ended September 30, 2020, 2019 and 2018:


For the year ended September 30, 2020	Effective Portion
	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations		Ineffective portion
								Continuing Operations			Discontinued Operations
(in millions)			Line Item	Gain (Loss)				Line Item	Gain (Loss)
Commodity swaps	$	0.9	Cost of goods sold	$	(0.2)	$	—	Cost of goods sold	$	—	$	—
Foreign exchange contracts	0.1		Net sales	(0.1)		—		Net sales	—		—
Foreign exchange contracts	(7.2)		Cost of goods sold	5.3		—		Cost of goods sold	—		—
Total	$	(6.2)		$	5.0	$	—		$	—	$	—


	Effective Portion
For the year ended September 30, 2019	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations		Ineffective portion
								Continuing Operations			Discontinued Operations
(in millions)			Line Item	Gain (Loss)				Line Item	Gain (Loss)
Interest rate swaps	$	(0.6)	Interest expense	$	—	$	2.2	Interest expense	$	—	$	1.7
Commodity swaps	(1.1)		Cost of goods sold	(0.4)		(4.4)		Cost of goods sold	—		—
Foreign exchange contracts	(0.4)		Net sales	(0.2)		—		Net sales	—		—
Foreign exchange contracts	14.7		Cost of goods sold	11.7		0.5		Cost of goods sold	—		—
Total	$	12.6		$	11.1	$	(1.7)		$	—	$	1.7


	Effective Portion
For the year ended September 30, 2018	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations		Ineffective portion
								Continuing Operations			Discontinued Operations
(in millions)			Line Item	Gain (Loss)				Line Item	Gain (Loss)
Interest rate swaps	$	4.0	Interest expense	$	—	$	1.1	Interest expense	$	—	$	1.2
Commodity swaps	(4.5)		Cost of goods sold	0.7		2.4		Cost of goods sold	—		—
Foreign exchange contracts	(0.1)		Net sales	0.1		—		Net sales	—		—
Foreign exchange contracts	10.8		Cost of goods sold	(9.3)		(1.9)		Cost of goods sold	—		—
Total	$	10.2		$	(8.5)	$	1.6		$	—	$	1.2

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 a portion of the risk from third-party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for, among others, Australian Dollars, Canadian Dollars, Euros, Japanese Yen, Mexican Pesos, Philippine Pesos, Polish Zlotys, Pounds Sterling, Taiwanese Dollars or U.S. Dollars. These foreign exchange contracts are fair value 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, 2020, the Company had a series of forward exchange contracts outstanding through October 29, 2020. At September 30, 2020 and 2019, the Company had $802.5 million and $977.5 million, respectively, of notional value for such foreign exchange derivative contracts outstanding.

The following table summarizes the gain (loss) associated with derivative contracts not designated as hedges in the Consolidated Statements of Income for the years ended September 30, 2020, 2019 and 2018.


(in millions)	Line Item	2020		2019		2018
Foreign exchange contracts	Other non-operating (income) expense	$	(7.3)	$	47.3	$	(2.3)

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	2020		2019
Derivative Assets
Commodity swaps - designated as hedge	Other receivables	$	0.7	$	—
Commodity swaps - designated as hedge	Deferred charges and other	0.1		—
Foreign exchange contracts - designated as hedge	Other receivables	—		7.8
Foreign exchange contracts - designated as hedge	Deferred charges and other	—		0.5
Foreign exchange contracts - not designated as hedge	Other receivables	0.4		1.2
Total Derivative Assets		$	1.2	$	9.5
Derivative Liabilities
Commodity swaps - designated as hedge	Accounts payable	$	—	$	0.2
Foreign exchange contracts - designated as hedge	Accounts payable	3.8		0.2
Foreign exchange contracts - designated as hedge	Other long term liabilities	0.3		—
Foreign exchange contracts - not designated as hedge	Accounts payable	10.1		1.9
Total Derivative Liabilities		$	14.2	$	2.3

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 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 were not significant for the years ended September 30, 2020 and 2019.

The Company’s standard contracts do not contain credit risk related contingent features whereby the Company would be required to post additional cash collateral because 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, 2020, and 2019, there was no cash collateral outstanding. In addition, as of September 30, 2020 and 2019, the Company had no posted standby letters of credit related to such liability positions.

Net Investment Hedge

SBI has €425.0 million aggregate principle amount of 4.00% Notes designated as a non-derivative economic hedge, or net investment hedge, of the translation of the Company’s net investments in Euro denominated subsidiaries at the time of issuance. The hedge effectiveness is measured on the beginning balance of the net investment and re-designated every three months. Any gains and losses attributable to the translation of the Euro denominated debt designated as net investment hedge are recognized as a component of foreign currency translation within AOCI, and gains and losses attributable to the translation of the undesignated portion are recognized as foreign currency translation gains or losses within Other Non-Operating Expense (Income). As of September 30, 2020 and September 30, 2019 the full principal amount was designated as a net investment hedge and considered fully effective. The following summarizes the gain (loss) from the net investment hedge recognized in Other Comprehensive Income for the year ended September 30, 2020, 2019 and 2018, pre-tax:


(Loss) gain in OCI (in millions)	2020		2019		2018
Net investment hedge	$	(33.0)	$	29.8	$	6.2

Net gains or losses from the net investment hedge are reclassified from AOCI into earnings upon a liquidation event or deconsolidation of Euro denominated subsidiaries. During the year ended September 30, 2020, the Company recognized a pre-tax loss of $1.2 million in earnings related to the translation of the undesignated portion of debt obligation.

Employee Benefit Plans

12 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

Defined Benefit Plans

The Company has various defined benefit pension plans covering some of its employees. Plans generally provide benefits of stated amounts for each year of service. The Company funds its 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 defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. The Company 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. The following tables provide additional information on the pension plans as of September 30, 2020 and 2019:


	U.S. Plans				Non U.S. Plans
(in millions)	2020		2019		2020		2019
Changes in benefit obligation:
Benefit obligation, beginning of year	$	80.2	$	70.5	$	167.8	$	148.9
Service cost	0.7		0.4		2.2		1.9
Interest cost	2.2		2.8		2.3		3.4
Actuarial loss (gain)	2.3		10.3		(0.9)		27.5
Settlements and curtailments	(4.6)		—		(1.6)		—
Plan Amendments	—		—		—		0.2
Benefits paid	(4.8)		(3.8)		(4.1)		(5.9)
Foreign currency exchange rate changes	—		—		9.4		(8.2)
Benefit obligation, end of year	76.0		80.2		175.1		167.8
Changes in plan assets:
Fair value of plan assets, beginning of year	68.6		69.3		120.0		115.8
Actual return on plan assets	5.1		2.7		1.1		13.5
Employer contributions	0.3		0.4		5.3		3.1
Settlements and curtailments	(4.6)		—		—		—
Benefits paid	(4.8)		(3.8)		(4.1)		(5.9)
Foreign currency exchange rate changes	—		—		6.9		(6.5)
Fair value of plan assets, end of year	64.6		68.6		129.2		120.0
Funded Status	$	(11.4)	$	(11.6)	$	(45.9)	$	(47.8)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	3.0	$	3.0
Other accrued expenses	0.3		0.3		0.4		0.5
Other long-term liabilities	11.1		11.3		48.5		50.3
Accumulated other comprehensive loss	18.8		19.3		51.3		49.9
Weighted average assumptions
Discount rate	2.46%		3.04%		0.50 - 6.90%		0.75 - 7.70%
Rate of compensation increase	N/A		N/A		2.25 - 6.00%		2.25 - 6.00%

The net loss in Accumulated Other Comprehensive Loss expected to be recognized in continuing operations during the year ended September 30, 2021 is $4.4 million.

The following table contains the components of net periodic benefit cost from defined benefit plans for the years ended September 30, 2020, 2019 and 2018:


	U.S. Plans						Non U.S. Plans
(in millions)	2020		2019		2018		2020		2019		2018
Service cost	$	0.7	$	0.4	$	0.4	$	2.2	$	1.9	$	2.0
Interest cost	2.2		2.8		2.7		2.3		3.4		3.6
Expected return on assets	(4.1)		(4.4)		(4.5)		(3.9)		(3.9)		(4.2)
Settlements and curtailments	0.9		—		—		0.1		0.3		0.1
Recognized net actuarial loss	0.9		0.2		1.1		3.4		1.8		1.4
Net periodic benefit cost	$	0.6	$	(1.0)	$	(0.3)	$	4.1	$	3.5	$	2.9
Weighted average assumptions
Discount rate	3.04%		4.10%		3.70%		0.75 - 7.70%		1.00 - 8.30%		1.13 - 7.50%
Expected return on plan assets	6.50%		6.50%		7.00%		0.75 - 3.40%		1.00 - 4.01%		1.13 - 4.13%
Rate of compensation increase	N/A		N/A		N/A		2.25 - 6.00%		2.25 - 7.00%		1.37 - 7.00%

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 components of net periodic benefit cost other than the service cost component are recognized as Other Non-Operating (Income) Expense, Net on the Statement of Income.

The Company 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 defined benefit plan assets as of September 30, 2020 and 2019:


	U.S. Plans				Non U.S. Plans
Asset Type	2020		2019		2020		2019
Equity Securities	46	%	62	%	—	%	—	%
Fixed Income Securities	51	%	35	%	19	%	20	%
Other	3	%	3	%	81	%	80	%
Total	100	%	100	%	100	%	100	%

The fair value of defined benefit plan assets by asset category as of September 30, 2020 and 2019 are as follows:


	September 30, 2020								September 30, 2019
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash & cash equivalents	$	9.3	$	—	$	—	$	9.3	$	8.3	$	—	$	—	$	8.3
Equity	11.9		10.7		—		22.6		16.8		13.1		—		29.9
Fixed income securities	22.3		6.4		—		28.7		21.6		—		—		21.6
Foreign equity	7.2		—		—		7.2		11.4		—		—		11.4
Foreign fixed income securities	1.3		24.7		—		26.0		2.1		23.6		—		25.7
Life insurance contracts	—		42.1		—		42.1		—		37.4		—		37.4
Other	1.7		56.2		—		57.9		2.2		52.1		—		54.3
Total plan assets	$	53.7	$	140.1	$	—	$	193.8	$	62.4	$	126.2	$	—	$	188.6

The following benefit payments are expected to be paid:


(in millions)	Amount
2021	$	9.0
2022	8.5
2023	8.7
2024	9.4
2025	9.9
2025-2029	55.3

Defined Contribution PlansThe Company sponsored defined contribution plans in which eligible participants may defer a fixed amount or a percentage of their eligible compensation, subject to limitations, pursuant to Section 401(k) of the Internal Revenue Code. The Company made discretionary matching contributions of eligible compensation. The Company also sponsors defined contribution plans for eligible employees of certain foreign subsidiaries. Contributions are discretionary and evaluated annually. Aggregate contributions charged to operations, including discretionary amounts, for the years ended September 30, 2020, 2019 and 2018, were $12.0 million, $11.7 million, and $10.7 million, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Income Taxes

12 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

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, 2020, 2019 and 2018:


	SBH						SB/RH
(in millions)	2020		2019		2018		2020		2019		2018
United States	$	93.7	$	(267.3)	$	(140.4)	$	25.0	$	(202.7)	$	25.4
Outside the United States	61.7		73.5		104.7		61.6		73.5		104.7
Income (loss) from operations before income taxes	$	155.4	$	(193.8)	$	(35.7)	$	86.6	$	(129.2)	$	130.1

The components of income tax expense for the years ended September 30, 2020, 2019 and 2018 are as follows:


	SBH						SB/RH
(in millions)	2020		2019		2018		2020		2019		2018
Current tax expense (benefit):
U.S. Federal	$	0.4	$	(47.6)	$	58.1	$	0.4	$	(47.6)	$	58.4
Foreign	23.2		44.3		34.7		23.2		44.3		34.7
State and local	0.5		2.7		1.0		0.5		2.7		1.0
Total current tax expense (benefit)	24.1		(0.6)		93.8		24.1		(0.6)		94.1
Deferred tax expense (benefit):
U.S. Federal	37.9		9.9		(539.7)		23.7		24.3		(170.0)
Foreign	(10.6)		(4.9)		3.1		(10.6)		(4.9)		3.0
State and local	19.5		(11.5)		(19.9)		20.9		(8.1)		(3.9)
Total deferred tax expense (benefit)	46.8		(6.5)		(556.5)		34.0		11.3		(170.9)
Income tax expense (benefit)	$	70.9	$	(7.1)	$	(462.7)	$	58.1	$	10.7	$	(76.8)

The following reconciles the total income tax expense, based on the U.S. Federal statutory income tax rate of 21% for the year ended September 30, 2020, 21% for the year ended September 30, 2019, and 24.5% for the year ended September 30, 2018, with the Company’s recognized income tax expense:


	SBH						SB/RH
(in millions)	2020		2019		2018		2020		2019		2018
U.S. Statutory federal income tax expense (benefit)	$	32.6	$	(40.7)	$	(8.8)	$	18.2	$	(27.1)	$	31.9
Permanent items	14.2		3.7		7.6		14.2		3.8		(3.5)
Goodwill impairment	2.8		12.2		—		2.8		12.2		—
Foreign statutory rate vs. U.S. statutory rate	(15.4)		(10.3)		3.0		(15.4)		(10.3)		3.0
State income taxes, net of federal effect	4.8		(14.2)		(2.9)		2.3		(11.1)		(1.9)
State effective rate change	7.2		4.6		—		7.8		4.6		—
Tax reform act - U.S. rate change	—		—		(166.7)		—		—		(181.7)
Global intangible low tax income inclusion	6.0		8.6		—		6.0		8.6		—
Foreign dividend received deduction tax law change	—		95.9		—		—		95.9		—
Tax reform act - mandatory repatriation	—		(48.0)		73.1		—		(48.0)		73.1
Residual tax on foreign earnings	6.5		1.5		5.9		6.5		1.5		5.9
Change in valuation allowance	9.9		(29.9)		(365.6)		9.8		(29.9)		(0.3)
Unrecognized tax (benefit) expense	(7.0)		6.2		(0.1)		(7.0)		6.2		(0.1)
Share based compensation adjustments	0.1		4.6		(5.5)		0.5		4.6		(0.5)
Research and development tax credits	(2.7)		(4.4)		(1.9)		(2.7)		(4.4)		(1.9)
Foreign rate differential on intercompany transfer of intangibles	4.6		—		—		4.6		—		—
Partnership outside basis adjustment	5.9		2.1		(8.3)		6.5		2.4		0.7
Return to provision adjustments and other, net	1.4		1.0		7.5		4.0		1.7		(1.5)
Income tax expense (benefit)	$	70.9	$	(7.1)	$	(462.7)	$	58.1	$	10.7	$	(76.8)

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2020 and 2019 are as follows:


	SBH				SB/RH
(in millions)	2020		2019		2020		2019
Deferred tax assets
Employee benefits	$	38.0	$	37.6	$	36.3	$	36.0
Restructuring	0.4		0.9		0.4		0.9
Inventories and receivables	19.7		16.8		19.7		16.8
Marketing and promotional accruals	14.9		10.6		14.9		10.6
Property, plant and equipment	27.3		5.9		27.3		5.9
Unrealized losses	19.8		12.8		19.8		12.8
Intangibles	13.6		19.0		13.6		19.0
Investment in subsidiaries	0.2		0.3		0.2		0.3
Net operating loss and other carry forwards	515.6		551.4		190.4		250.6
Other	40.3		32.7		39.2		31.9
Total deferred tax assets	689.8		688.0		361.8		384.8
Deferred tax liabilities
Property, plant and equipment	30.1		11.1		30.1		11.1
Unrealized gains	13.5		9.0		13.5		9.0
Intangibles	296.8		311.8		296.8		311.8
Investment in partnership	63.3		37.6		63.0		55.0
Taxes on unremitted foreign earnings	4.6		5.0		4.6		5.0
Other	17.2		10.9		17.2		10.8
Total deferred tax liabilities	425.5		385.4		425.2		402.7
Net deferred tax liabilities	264.3		302.6		(63.4)		(17.9)
Valuation allowance	(306.8)		(307.0)		(202.4)		(202.8)
Net deferred tax liabilities, net valuation allowance	$	(42.5)	$	(4.4)	$	(265.8)	$	(220.7)
Reported as:
Deferred charges and other	$	22.9	$	46.2	$	22.9	$	30.7
Deferred taxes (noncurrent liability)	65.4		50.6		288.7		251.4

On July 20, 2020, Final Regulations were issued under Internal Revenue Code Section 951A relating to the treatment of income that is subject to a high rate of tax under the global intangible low taxed income (“GILTI“) regime (“July 2020 Regulations“). The July 2020 Regulations are effective for Fiscal 2021, but the Company can elect to apply them to Fiscal 2019 and Fiscal 2020. The Company expects to apply the July 2020 Regulations to Fiscal 2020 and has therefore estimated and recorded a Fiscal 2020 benefit of $4.4 million. The Company would need to file an amended return to apply the July 2020 Regulations to Fiscal 2019, which is not anticipated to have a material impact on its overall tax position.

On June 14, 2019, the U.S. Department of the Treasury and the Internal Revenue Service issued Regulations (“June 2019 Regulations”) related to the foreign dividends received deduction and GILTI. The June 2019 Regulations contained language that modified certain provisions of the Tax Cuts and Jobs Act (the “Tax Reform Act“) and previously issued guidance. The June 2019 Regulations were retroactive to January 1, 2018 and caused certain distributions made by the Company’s non-U.S. subsidiaries during Fiscal 2018 to be taxable as Subpart F income on its Fiscal 2018 federal income tax return. The impacts of the Regulations were recorded in the year ended September 30, 2019. The Company used an additional $454.6 million in net operating losses and recognized $95.9 million in federal and state tax expense due to the impact on prior distributions among subsidiaries. The Company also recognized a $48.0 million tax benefit from recalculating its liability for one-time deemed mandatory repatriation of post-1986 undistributed foreign subsidiary earnings and profits after application of the June 2019 Regulations and the final calculations for its Fiscal 2018 federal income tax returns, including the ability for the Company to offset the liability in part by foreign tax credits. The Company also recorded $70.7 million of foreign tax credits, but concluded it is more likely than not these credits will expire unused and therefore recorded a $70.7 million valuation allowance against the deferred tax assets.

On December 22, 2017, the Tax Reform Act was signed into law. The legislation significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing a dividends received deduction for dividends from foreign subsidiaries and imposing a tax on deemed repatriated accumulated earnings of foreign subsidiaries. The Tax Reform Act reduced the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.

The Company’s $25.1 million mandatory repatriation tax is payable over 8 years. The first payment was due January 2019. As of September 30, 2020, $20.9 million of the mandatory repatriation liability is still outstanding and $2.0 million is due and payable in the next 12 months but will be offset by previous payments and credits.

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 reverse. As a result of the reduction in the U.S. corporate income tax rate from 35% to 21% under the Tax Reform Act, the Company revalued its ending net deferred tax liabilities at December 31, 2017 and recognized $166.7 million of tax benefit in the Company’s net income from continuing operations for the year ended September 30, 2018.

In response to the enactment of the Tax Reform Act, the SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Tax Reform Act. SAB 118 allows registrants to record provisional amounts during a one year measurement period in a manner similar to accounting for business combinations. The measurement period ended December 30, 2018, and the Company did not recognize changes in Fiscal 2019 to the provisional tax impacts prior to the closing of the measurement period. Portions of the Tax Reform Act are unclear or have not yet been clarified and interpretations and regulations continue to be issued, some of which are also subject to legal challenges. The issuance of new regulations or the invalidation of existing regulations could have a material impact on what the Company has recorded to date.

During the year ended September 30, 2019, the Company recorded an increase of $12.2 million to tax expense from impairment of $116.0 million of book goodwill. A portion of the impairment resulted in a tax benefit since the goodwill had previously been amortized for income tax purposes and the Company therefore reversed a deferred tax liability.

To the extent necessary, the Company intends to utilize free cash flow from 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. The Company annually estimates the available earnings, permanent reinvestment classification and the availability of and management’s intent to use alternative mechanisms 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.

As of September 30, 2020, and 2019, the Company provided $4.6 and $5.0 million, respectively, of residual foreign taxes on undistributed foreign earnings.

As a result of the June 2019 Regulations and the deemed mandatory repatriation, the Company does not have significant prior year untaxed, undistributed earnings from its foreign operations at September 30, 2020. $500.6 million of the Company’s undistributed earnings were taxed in the U.S. as a result of the mandatory deemed repatriation that was part of the Tax Reform Act, and the remaining earnings were taxed as a result of the June 2019 Regulations. The Company estimates it did not generate untaxed, undistributed foreign earnings for the year ended September 30, 2020 due to GILTI inclusions under the Tax Reform Act. The Company recorded GILTI inclusions for the tax year ended September 30, 2020 of $28.5 million.

As of September 30, 2020, the Company has U.S. federal net operating loss carryforwards (“NOLs”) of $1,247.7 million with a federal tax benefit of $262.0 million and tax benefits related to state NOLs of $73.3 million. These NOLs expire through years ending in 2040. As of September 30, 2020, the Company has $26.9 million of federal research and development credit carryforwards. $0.8 million of the credits expire in the Company’s fiscal years 2023-2030 and the remainder begin expiring in the Company’s fiscal year ending September 30, 2031. As of September 30, 2020, the Company has foreign NOLs of $120.2 million and tax benefits of $28.2 million, which will expire beginning in the Company's fiscal year ending September 30, 2021. Certain of the foreign NOLs have indefinite carryforward periods.

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.

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, 2020, that $660.5 million of the total U.S. federal NOLs with a federal tax benefit of $138.7 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. The Company also projects, as of September 30, 2020, that $22.4 million of tax benefits related to foreign NOLs will not be used. The Company has provided a full valuation allowance against these deferred tax assets.

The income recognized for the year ended September 30, 2019 as a result of the June 2019 Regulations, the U.S. gain on the sale of the battery business, and the Fiscal 2019 U.S. operating results increased the likelihood that the Company can use federal net operating losses subject to certain limits; therefore, the Company released the $36.7 million of valuation allowance on these losses in Fiscal 2019.

As a result of the Spectrum Merger in fiscal year 2018, the Company and Spectrum Legacy joined in the filing of a U.S. consolidated tax return starting July 13, 2018. The form of the Spectrum Merger allows for the Company’s capital and net operating loss carryforwards to be able to be used to offset future income and the U.S. tax gain on the sale of the GBL business to Energizer. As a result, during the year ended September 30, 2018, the Company released $365.3 million of valuation allowance on its U.S. federal net deferred tax assets since it is now more likely than not that the assets will be realized. The Company also recorded $12.3 million of state tax benefit related to net operating loss and credit carryforwards as a result of the Spectrum Merger since it is more likely than not that those carryforwards will generate tax benefits after the Spectrum Merger.

The Company also released $4.9 million of valuation allowance against its U.S. federal and state capital losses as a result of the announced sale of the GBL business to Energizer during the year ended September 30, 2018.

As of September 30, 2020, the valuation allowance is $306.8 million, of which $283.6 million is related to U.S. net deferred tax assets and $23.2 million is related to foreign net deferred tax assets. As of September 30, 2019, the valuation allowance was $307.0 million, of which $273.5 million was related to U.S. net deferred tax assets and $33.5 million is related to foreign net deferred tax assets. As of September 30, 2018, the valuation allowance was $282.6 million, of which $247.3 million is related to U.S. net deferred tax assets and $35.3 million is related to foreign net deferred tax assets. During the year ended September 30, 2020, the Company decreased its valuation allowance for deferred tax assets by $0.2 million of which $10.1 million is related to an increase in valuation allowance against U.S. net deferred tax assets and $10.3 million related to a decrease in the valuation allowance against foreign net deferred tax assets. During the year ended September 30, 2019, the Company increased its valuation allowance for deferred tax assets by $24.4 million, of which $26.2 million was related to an increase in valuation allowance against U.S. net deferred tax assets and $1.8 million related to a decrease in the valuation allowance against foreign net deferred tax assets.

As of September 30, 2020, the Company has recorded $58.2 million of valuation allowance against its U.S. state net operating losses.

The total amount of unrecognized tax benefits at September 30, 2020 and 2019 are $15.3 million and $20.9 million, respectively. If recognized in the future, $15.3 million of the unrecognized tax benefits as of September 30, 2020 will impact the effective tax rate. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2020, and 2019 the Company had $2.4 million and $2.7 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, 2020, 2019 and 2018 was a net decrease of $0.3 million, a net decrease of $0.1 million and a net increase of $0.3 million, respectively. The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2020, 2019 and 2018:


(in millions)	2020		2019		2018
Unrecognized tax benefits, beginning of year	$	20.9	$	15.0	$	15.6
Gross increase – tax positions in prior period	2.1		5.3		0.9
Gross decrease – tax positions in prior period	(4.3)		(0.4)		(3.5)
Gross increase – tax positions in current period	2.8		3.5		2.5
Settlements	(1.9)		(1.1)		(0.3)
Lapse of statutes of limitations	(4.3)		(1.4)		(0.2)
Unrecognized tax benefits, end of year	$	15.3	$	20.9	$	15.0

During the tax year ended September 30, 2018, the Company reduced unrecognized tax benefits recorded against its deferred tax assets by $1.9 million for the change in the U.S. tax rate from 35% to 21%.

The September 30, 2020 Consolidated Statement of Financial Position for SB/RH Holdings, LLC contains $1.8 million of income taxes payable to its parent company, calculated as if SB/RH Holdings, LLC were a separate taxpayer.

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, 2016 are closed. However, the federal NOLs from the Company’s fiscal years ended September 30, 2012 through December 31, 2015 are subject to Internal Revenue Service examination until the year that such net operating loss carryforwards are utilized, and those years are closed for audit. In addition, certain losses from 2002 to 2010 of entities acquired by the Company were able to be used in Fiscal 2019 and are subject to Internal Revenue Service examination until Fiscal 2019 is closed to 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, 2020, 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.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Related Parties	12 Months Ended
Related Parties	Sep. 30, 2020
Related Party Transactions [Abstract]
RELATED PARTIES	RELATED PARTIES Energizer Holdings, Inc. Effective the close of the GBL divestiture on January 2, 2019, and GAC divestiture on January 28, 2019, the Company and Energizer entered into a series of TSAs and reverse TSAs that support various shared back office administrative functions including finance, sales and marketing, information technology, human resources, real estate and supply chain, customer service and procurement; to support both the transferred GBL operations and the continuing operations of Spectrum, respectively, within the various regions in which they operate. Charges associated with TSAs and reverse TSAs are recognized as bundled service costs under a fixed fee structure by the respective service or function and geographic location and one-time pass-through charges, including warehousing, freight, among others, to and from Energizer that settle on a net basis between the two parties. The TSAs and reverse TSAs were further expanded to incorporate the activity and operations attributable to the close of the GAC divestiture. Charges to Energizer for TSA services are recognized as a reduction of the respective operating costs incurred by Spectrum and recognized as a component of operating expense or cost of goods sold depending upon the functions being supported by Spectrum. Charges from Energizer for reverse TSA services are recognized as operating expenses or cost of goods sold depending upon the functions being supported by Energizer. The TSAs and reverse TSAs have an overall expected time period of 12 months following the close of the transaction with some variability in expiration dependent upon the completed transition of the respective service or function and its geographic location and provide up to 12 additional months for a total duration of up to 24 months. Effective January 2, 2020, Energizer closed its divestiture of the European based Varta® consumer battery business in the EMEA region to Varta AG, which also transferred TSAs and reverse TSAs associated with the divested entities to be assumed by Varta AG. As a result, a portion of the TSA and reverse TSA charges with Energizer were transferred to Varta AG. During the year ended September 30, 2020, the Company recognized net loss of $3.9 million, consisting of TSA charges of $9.6 million and reverse TSA costs of $13.5 million. During the year ended September 30, 2019 the Company recognized net income of $5.2 million, consisting of TSA charges of $19.1 million and reverse TSA costs of $13.9 million. In addition to the TSAs and reverse TSAs, the Company, Energizer, and Varta AG will receive cash and/or make payments on behalf of the respective counterparty’s operations as part of the shared administrative functions, resulting in cash flow being commingled with the operating cash flow of the Company. The Company recognizes a net payable or receivable with Energizer and Varta AG for any outstanding TSA and reverse TSA related services and net working capital attributable to commingled cash flow. As of September 30, 2020 and 2019, the Company had net receivable of $5.4 million and net receivable of $12.8 million, respectively, with Energizer included in Other Receivables on the Company’s Statement of Financial Position. As of September 30, 2020, the Company had net payable of $1.0 million with Varta AG included in Other Current Liabilities on the Company’s Statement of Financial Position. The Company’s H&G segment continues to manufacture certain GAC related products at its facilities and sell the products to Energizer as a third-party supplier on an ongoing basis, at inventory cost plus contracted markup, as agreed upon in the supply agreement. The supply agreement has a contracted term of 24 months and may be subject to early termination by either party at any time with written notice. Material and inventory on hand to support the supply agreement is recognized as inventory of the Company. During the years ended September 30, 2020 and 2019, the Company recognized $18.9 million and $12.5 million, respectively, of revenue attributable to the Energizer supply agreement as a component of H&G revenue after completion of the GAC divestiture. As of September 30, 2020 and 2019, the Company had outstanding receivables of $4.4 million and $4.9 million, respectively, from Energizer in Trade Receivables, Net on the Company’s Statement of Financial Position associated with the H&G supply agreement. As a condition to the consummation of the GAC acquisition and receipt of 5.3 million shares of Energizer common stock as consideration, the Company entered into the Energizer Shareholder Agreement, which contains a 24-month standstill provision that prohibits the Company from engaging in certain transactions involving Energizer to control or influence management, board of directors or policies of Energizer. Additionally, for a period of 18 months following the closing of the GAC acquisition, the Company is required to vote in favor of Energizer’s board of director nominees and in accordance with the Energizer board’s recommendations on all other matters at any meeting of Energizer’s shareholders. Additionally, pursuant to the Energizer Shareholder Agreement, the Company has agreed not to transfer any of its Shares or other equity securities in Energizer, or engage in certain hedging transactions from the closing of the GAC acquisition until the day that is twelve months after the GAC closing date and, following such period, subject to certain limitations, not to transfer any such Energizer shares or other equity securities to any person or entity who would thereafter beneficially own more than 4.9% of Energizer’s outstanding shares of equity securities after giving effect to such transaction. Following the 18 month anniversary of the closing of the GAC acquisition, Energizer will have the right to repurchase any or all of the shares held by the Company for a purchase price per share equal to the greater of the volume-weighted average sales price per share for the 10 consecutive trading days beginning on the 12th trading day immediately preceding notice of the repurchase from Energizer and 100% of the volume-weighted average sale price per share of the common stock for the 10 consecutive trading days immediately preceding the date of the GAC agreement. The Company’s investment in Energizer common stock is recognized at its fair value in Investments on the Company’s Consolidated Statement of Financial Position, with any unrealized gains or losses attributable to changes in the market price and dividend income received from Energizer being recognized as Other Non-Operating Income on the Company’s Consolidated Statements of Income. See Note 7 – Fair value of Financial Instruments for additional discussion on the Company’s investment in Energizer common stock. Jefferies Financial Group On October 16, 2017, HRG entered into an engagement letter with Jefferies LLC (“Jefferies”), a wholly owned subsidiary of Jefferies Financial Group, which owned more than 10% of the outstanding common stock of the Company to act as co-advisor to the Company (with the other co-advisors acting as lead financial advisor to HRG) with respect to HRG’s review of strategic alternatives. Under the Jefferies engagement letter, and effective as of the closing date of the Spectrum Merger, Jefferies received a $3.0 million transaction fee, including reimbursement for all reasonable out of pocket expenses incurred by Jefferies in connection therewith. In addition, HRG agreed to indemnify Jefferies for certain liabilities in connection with such engagement. Effective on October 11, 2019 (the “Distribution Date”), Jefferies distributed 7,514,477 SBH shares through a special pro rata dividend (the “Distribution”) to Jefferies’ stockholders of record as of the close of business on September 30, 2019 (the “Record Date”). Stockholders of Jefferies received approximately 0.025 of a share of the Company’s common stock for each share of Jefferies common stock held as of the Record Date. Based on closing market prices on September 13, 2019, the dividend reflects a distribution of approximately $1.50, or 7.4%, per Jefferies share. Additionally, following the Distribution and pursuant to the Shareholder Agreement by and between Jefferies Financial Group and the Company dated February 24, 2018, Joseph S. Steinberg, resigned from the Company’s Board of Directors. Other During the first quarter of the fiscal year ended September 30, 2019, the Company repurchased 158,318 shares of common stock from David Maura, Chairman and Chief Executive Officer of the Company, for $8.0 million at the current market price of the Company’s stock, at an average repurchase price of $50.53 per share.

Shareholders' Equity

12 Months Ended

Sep. 30, 2020

Equity [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDER’S EQUITY

Share Repurchases

The Company has a share repurchase program that is executed through purchases made from time to time either in the open market or otherwise. On July 24, 2018, the Board of Directors approved a $1.0 billion common stock repurchase program. The authorization is effective for 36 months. As part of the share repurchase program, the Company purchased treasury shares in open market purchases at market fair value, in private purchases from Company employees at fair value, and through an accelerated share repurchase (“ASR”) agreement with a third-party financial institution.

On November 18, 2019, SBH entered into an ASR to repurchase $125.0 million of the Company’s common stock. At inception, pursuant to the agreement, the Company paid $125.0 million to the financial institution using cash on hand and took delivery of 1.7 million shares, which represented approximately 85% of the total shares the Company expected to receive based on the market price at the time of the initial delivery. The transaction was accounted for as an equity transaction. The fair value of shares received initially of $106.3 million was recorded as a treasury stock transaction, with the remainder of $18.7 million recorded as a reduction to additional paid-in capital. Upon initial receipt of the shares, there was an immediate reduction in the weighted average common shares calculation for basic and diluted earnings per share. On February 24, 2020, the Company closed and settled the ASR resulting in an additional delivery of 0.3 million shares, with a fair value of $18.5 million. The total number of shares repurchased under the ASR program was 2.0 million at an average cost per share of $61.59, based on the volume-weighted average share price of the Company’s common stock during the calculation period of the ASR program, less the applicable contractual discount.

The following summarizes the activity of common stock repurchases under the program for the year ended September 30, 2020 and 2019:


	2020					2019
(in millions except per share data)	Number of Shares Repurchased	Average Price Per Share		Amount		Number of Shares Repurchased	Average Price Per Share		Amount
Open Market Purchases	4.1	$	56.97	$	230.6	4.6	$	54.22	$	250.0
Private Purchases	0.1	62.30		9.2		0.3	56.02		18.5
ASR	2.0	61.47		124.8		—	—		—
Total Purchases	6.2	$	58.57	$	364.6	4.9	$	54.34	$	268.5

Share Based Compensation

12 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

SHARE BASED COMPENSATION

Equity based incentive and performance compensation awards provided to employees, directors, officers and consultants were issued pursuant to the following awards plans:

•HRG Group, Inc. 2011 Omnibus Equity Award Plans as approved and amended by the HRG Legacy stockholders (the "HRG Equity Plan").

•Harbinger Group, Inc. 2014 Warrant Plan, as approved by the HRG Legacy stockholders (the "HRG Warrant Plan").

•Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan as approved and amended by the Spectrum Legacy stockholders, (the "Spectrum Equity Plan").

•Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan, as approved by the Spectrum stockholders (the "New 2020 Equity Plan").

The following is a summary of the authorized and available shares per the respective plans:


(number of shares, in millions)	Authorized	Available
HRG Group 2011 Omnibus Equity Award Plans	2.7	0.8
Harbinger Group, Inc. 2014 Warrant Plan	3.0	—
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan	7.1	0.2
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan	1.2	1.2

Effective at the close of the Spectrum Merger, each stock option, warrant and restricted stock award granted under the HRG Equity Plan and HRG Warrant Plan that was outstanding and unvested immediately prior to the closing became fully vested and exercisable. Each exercisable award that was unexercised was adjusted (including to give effect to the reverse stock split) and remains outstanding, subject to the same terms and conditions as applied in the corresponding awards. Each restricted stock award became fully vested and treated as a share of HRG common stock for purposes of the reverse stock split and Spectrum Merger.

Further, effective at the close of the Spectrum Merger, each restricted stock award, restricted stock unit and performance stock unit under the Spectrum Equity Plan, whether vested or unvested, were assumed by SBH and automatically converted into a corresponding equity-based award in SBH with the right to hold or acquire shares of common stock equal to the number of shares of Spectrum Legacy common stock previously underlying such award. Each new award is subject to the same terms and conditions as the corresponding Spectrum Legacy award. SBH assumed all rights and obligation in respect of each equity-based plan of Spectrum Legacy.

Share based compensation expense is recognized as General and Administrative Expenses on the Consolidated Statements of Income. The following is a summary of the share based compensation expense for the years ended September 30, 2020, 2019 and 2018:


(in millions)	2020		2019		2018
SBH	$	37.7	$	49.2	$	11.9
SB/RH	$	36.4	$	47.6	$	8.8

The Company measures share based compensation expense of its Restricted Stock Units (“RSUs”) based on the fair value of the awards, as determined based on the market price of the Company’s shares of common stock on the grant date and recognized these costs on a straight-line basis over the requisite period of the awards. Certain RSUs are performance-based awards that are dependent upon achieving specified financial metrics over a designated period of time.

The following is a summary of the RSU activity for the years ended September 30, 2020, 2019 and 2018:


	SBH					SB/RH
(in millions, except per share data)	Shares	Weighted Average Grant Date Fair Value		Fair Value at Grant Date		Shares	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
At September 30, 2017	0.8	$	114.67	$	87.2	0.7	$	116.32	$	82.4
Granted	0.4	102.96		45.9		0.4	102.92		44.4
Forfeited	(0.1)	115.08		(8.5)		(0.1)	115.08		(8.5)
Vested	(0.5)	113.07		(55.6)		(0.4)	114.07		(51.1)
At September 30, 2018	0.6	107.71		69.0		0.6	108.75		67.2
Granted	1.5	53.11		81.4		1.5	52.82		79.8
Forfeited	(0.7)	92.76		(63.7)		(0.7)	93.05		(63.5)
Vested	(0.2)	83.47		(19.7)		(0.2)	82.37		(18.5)
At September 30, 2019	1.2	53.58		67.0		1.2	53.22		65.0
Granted	0.9	61.72		55.6		0.9	61.68		54.3
Forfeited	(0.1)	60.79		(4.0)		(0.1)	60.79		(3.9)
Vested	(0.6)	57.80		(39.3)		(0.6)	57.29		(37.7)
At September 30, 2020	1.4	$	56.41	$	79.3	1.4	$	56.33	$	77.7


	SBH					SB/RH
(in millions, except per share data)	Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date		Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Time-based grants
Vesting in less than 24 months	0.3	$	62.33	$	18.6	0.3	$	62.25	$	17.3
Vesting in more than 24 months	0.1	62.80		8.4		0.1	62.80		8.4
Total time-based grants	0.4	$	62.48	$	27.0	0.4	$	62.43	$	25.7
Performance-based grants
Vesting in less than 24 months	0.1	53.19		4.8		0.1	53.19		4.8
Vesting in more than 24 months	0.4	62.88		23.8		0.4	62.88		23.8
Total performance-based grants	0.5	$	61.03	$	28.6	0.5	$	61.03	$	28.6
Total grants	0.9	$	61.72	$	55.6	0.9	$	61.68	$	54.3

Beginning in the year ended September 30, 2019, the Company provided to certain employees RSU grants issued under a Long-Term Incentive Plan (“LTIP”), with a 3-year, cliff vesting schedule and having both performance conditions dependent upon achieving specified financial targets (adjusted EBITDA, return on equity, and adjusted free cash flow) and time-based service. The Company also provided for bridge awards, that are special awards to certain employees, for transitioning to the LTIP from previous equity incentive compensation plans. Bridge awards vest annually, on November 21, 2019 and November 21, 2020, and have both performance conditions dependent upon achieving specified financial targets in fiscal year 2019 and 2020, respectively, (adjusted EBITDA and adjusted free cash flow) and time-based service conditions. Bridge awards are payable in either RSUs or cash, or both, based upon an employee election. Bridge awards elected to be payable in RSU are recognized as equity awards and included as a component of share-based compensation expense.

Additionally, the Company regularly issues individual RSU awards under its equity plan to its Board members and individual employees for recognition, incentive, or retention purposes, when needed, which are primarily conditional upon time-based service conditions and included as a component of share-based compensation. In addition to RSU awards, the Company also provides for a portion of its annual management incentive compensation plan ("MIP") to be paid in common stock of the Company, in lieu of cash payment, and is recognized as a liability plan. Share based compensation expense associated with the annual MIP was $16.9 million and $9.5 million for the years ended September 30, 2019 and 2018, respectively. During the year ended September 30, 2020, the Company made a change to our annual MIP payout that previously provided for the issuance of stock for a designated pool of recipients in lieu of cash and will instead be fully funded through cash distribution with no stock issuance. As a result, there was no portion of annual MIP to paid in common stock for the year ended September 30, 2020.

As of September 30, 2020, the remaining unrecognized pre-tax compensation cost for SBH and SB/RH is $34.0 million.

HRG Legacy Equity Plans

The following is a summary of HRG stock option awards, warrants, and restricted stock awards during the years ended September 30, 2020, 2019, and 2018:


	Stock Options					Warrants					Restricted Stock Awards
(in millions, except per share data)	Options	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Units	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Units	Weighted Average Exercise Price		Fair Value at Grant Date
As of September 30, 2017	4.0	$	9.69	$	3.88	0.6	$	13.13	$	3.22	0.1	$	13.36	$	1.9
Granted	—	—		—		—	—		—		0.1	16.85		0.4
Exercised	(2.5)	8.38		3.33		(0.6)	13.13		3.22		(0.2)	13.85		2.3
As of As of As of July 13, 2018	1.5	$	11.80	$	4.78	—	$	—	$	—	—	$	—	$	—
Vested and exercisable at September 30, 2020	0.2	$	73.96	$	4.82

During the year ended September 30, 2018, HRG stock option awards with a fair value $0.8 million vested. The intrinsic value of HRG share options exercised during the year ended September 30, 2018 was $21.5 million which HRG received $19.9 million in cash settlement. As of September 30, 2020, there are $0.2 million vested and exercisable HRG options outstanding with a weighted average exercise price of $73.96, as converted due to the reverse stock split to facilitate the Spectrum Merger.

HRG measures shared based compensation expense of its restricted stock awards based on the fair value of the awards, as determined based on the market price of the HRG shares of common stock on the grant date and recognizes these costs on a straight-line basis over the requisite period of the awards. There is no remaining unrecognized pre-tax compensation cost associated with HRG share-based awards as of September 30, 2020.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is a defendant in various litigation matters generally arising out of the ordinary course of business. Based on information currently available, 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. Shareholder Litigation. On August 16, 2019, a state court class action complaint was filed in the Circuit Court of Dane County, Wisconsin against the Company and certain of the Company's current and former directors and officers. The complaint alleged that certain financial statements contained misstatements in violation of the Securities Act of 1933. During the year ended September 30, 2020, the Company recognized $0.9 million for a proposed settlement, net third-party insurance coverage and payment, which has been paid and is being held in escrow pending a final approval by the Circuit Court of Dane County. Separately, on July 12, 2019, an amended consolidated class action complaint filed earlier in 2018 was filed in the United States District Court for the Western District of Wisconsin by the Public School Teachers’ Pension & Retirement Fund of Chicago and the Cambridge Retirement against Spectrum Brands’ Legacy, Inc. (“Spectrum Legacy”). The complaint alleges that the defendants violated the Securities Exchange Act of 1934 by making misrepresentations and omissions in Spectrum Legacy’s financial statements. The amended complaint added HRG Group, Inc. (“HRG”) as a defendant and asserted additional claims against the Company on behalf of a purported class of HRG shareholders. The class period of the consolidated amended complaint is from January 26, 2017 to November 19, 2018, and the plaintiffs seek an unspecified amount of compensatory damages, interest, attorneys’ and expert fees and costs. During the year ended September 30, 2020, the Company reached a proposed settlement resulting in an insignificant loss, net of third-party insurance coverage and payment, pending final approval by the United States District Court. Environmental. The Company has provided for an estimated cost of $11.6 million and $12.2 million, as of September 30, 2020 and 2019, respectively, associated with environmental remediation activities primarily with some of its former manufacturing sites, included in Other Long-Term Liabilities on the Consolidated Statement of Position. 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. Product Liability. The Company may be named as a defendant in lawsuits involving product liability claims. The Company has recorded and maintains an estimated liability in the amount of management’s estimate for aggregate exposure for such liabilities based upon probable loss from loss reports, individual cases, and losses incurred but not reported. As of September 30, 2020, and 2019, the Company recognized $5.1 million and $5.9 million in product liability, respectively, included in Other Current Liabilities on the Consolidated Statement of Financial Position. 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. Product Warranty. The Company recognizes an estimated liability for standard warranty on certain products when we recognize revenue on the sale of the warranted products. Estimated warranty costs incorporate replacement parts, products and delivery, and are recorded as a cost of goods sold at the time of product shipment based on historical and projected warranty claim rates, claims experience and any additional anticipated future costs on previously sold products. The Company recognized $10.9 million and $7.2 million of warranty accruals as of September 30, 2020 and 2019, respectively, included in Other Current Liabilities on the Consolidated Statement of Financial Statement.

Segment Information

12 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company identifies its segments based upon the internal organization that is used by management for making operating decisions and assessing performance as the source of its reportable segments. The Company manages its continuing operations in four vertically integrated, product-focused reporting segments: (i) HHI, which consists of the Company’s worldwide hardware, security and plumbing business; (ii) GPC, which consists of the Company’s worldwide pet care business; (iii) H&G, which consists of the Company’s home and garden and insect control business and (iv) HPC, which consists of the Company’s worldwide small kitchen and personal care appliances businesses. 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 president or 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, 2020, 2019 and 2018 are as follows:


(in millions)	2020		2019		2018
HHI	$	1,342.1	$	1,355.7	$	1,377.7
HPC	1,107.6		1,068.1		1,110.4
GPC	962.6		870.2		820.5
H&G	551.9		508.1		500.1
Net sales	$	3,964.2	$	3,802.1	$	3,808.7

The Chief Operating Decision Maker of the Company uses Adjusted EBITDA as the primary operating metric in evaluating the business and making operating decisions. EBITDA is calculated by excluding the Company’s income tax expense, interest expense, depreciation expense and amortization expense (from intangible assets) from net income. Adjusted EBITDA further excludes:

•Stock based and other incentive compensation costs that consist of costs associated with long-term compensation arrangements and other equity based compensation based upon achievement of long-term performance metrics; and generally consist of non-cash, stock-based compensation. See Note 19 - Share Based Compensation for further details. Additionally, the Company issued certain incentive bridge awards due to changes in the Company’s long-term compensation plans that allow for cash based payment upon employee election which have been included in the adjustment but do not qualify for shared-based compensation.;

•Restructuring and related charges, which consist of project costs associated with the restructuring initiatives across the Company's segments. See Note 5 - Restructuring and Related Charges for further details;

•Transaction related charges that consist of (1) transaction costs from qualifying acquisition transactions during the period, or subsequent integration related project costs directly associated with an acquired business; and (2) divestiture related transaction costs that are recognized in continuing operations and post-divestiture separation costs consisting of incremental costs to facilitate separation of shared operations, including development of transferred shared service operations, platforms and personnel transferred as part of the divestitures and exiting of transition service arrangements (TSAs) and reverse TSAs. See Note 2 – Significant Accounting Policies and Practices for further details;

•Gains and losses attributable to the Company’s investment in Energizer common stock, acquired as part of consideration received from the Company’s sale and divestiture of GAC during the year ended September 30, 2019. See Note 3 – Divestitures and Note 7 – Fair Value of Financial Instruments for further details;

•Non-cash asset impairments or write-offs realized and recognized in earnings from continuing operations (when applicable);

•Non-cash purchase accounting inventory adjustments recognized in earnings from continuing operations after an acquisition (when applicable);

•Foreign currency gains and losses attributable to multicurrency loans for the years ended September 30, 2020 and 2019, that were entered into with foreign subsidiaries in exchange for the receipt of divestiture proceeds by the parent company and the distribution of the respective foreign subsidiaries’ net assets as part of the GBL and GAC divestitures. The Company has entered into various hedging arrangements to mitigate the volatility of foreign exchange risk associated with such loans;

•Incremental reserves associated with environmental remediation activity of legacy properties and former manufacturing sites assumed by the organization which had previously been exited by the Company, plus legal settlement costs associated with retained litigation from the Company's divested GAC operations realized during the year ended September 30, 2019. See Note 20 – Commitments and Contingencies for further discussion;

•Legal and litigation costs associated with Salus during the years ended September 30, 2020, 2019, and 2018 as it is not considered a component of the continuing commercial products company, but continues to be consolidated by the Company after completion of the Spectrum Merger until the Salus operations can be wholly dissolved and/or deconsolidated;

•Gain on extinguishment of the Salus CLO debt due to the discharge of the obligation during the year ended September 30, 2020. See Note 12 - Debt for further details;

•Incremental costs associated with a safety recall in GPC during the year ended September 30, 2019 and 2018;

•Incremental costs directly associated with the Spectrum Merger during the year ended September 30, 2018;

•Non-recurring HRG net operating costs incurred during the year ended September 30, 2018 considered to be redundant or duplicative as a result of the Spectrum Merger and not considered a component of the continuing commercial products company post-merger, including compensation and benefits, directors fees, professional fees, insurance, public company costs, amongst others, and including interest and other non-recurring income that was eliminated following the transaction; and

•Other adjustments primarily consisting of costs attributable to (1) expenses and cost recovery for flood damage at the Company's facilities in Middleton, Wisconsin recognized during the years ended September 30, 2020, 2019, and 2018; (2) incremental costs for separation of a key executives during the years ended September 30, 2020, 2019, and 2018; (3) operating margin on H&G sales to GAC discontinued operations during the year ended September 30, 2019 and 2018; (4) certain fines and penalties for delayed shipments following the completion of a GPC distribution center consolidation in EMEA during the year ended September 30, 2019.

Segment Adjusted EBITDA in relation to the Company’s reportable segments for SBH and SB/RH for the years ended September 30, 2020, 2019 and 2018, is as follows:


SBH (in millions)	2020		2019		2018
HHI	$	256.3	$	253.7	$	254.7
HPC	92.2		87.2		118.8
GPC	172.0		142.6		136.6
H&G	112.1		105.5		107.5
Total Segment Adjusted EBITDA	632.6		589.0		617.6
Corporate	52.4		22.0		36.3
Interest expense	144.5		222.1		264.0
Depreciation and amortization	148.5		180.8		125.3
Share and incentive based compensation	43.6		53.7		11.9
Restructuring and related charges	72.6		65.7		75.6
Transaction related charges	23.1		21.8		30.2
Loss on assets held for sale	26.8		—		—
Write-off from impairment of goodwill	—		116.0		—
Write-off from impairment of intangible assets	24.2		35.4		20.3
Loss on Energizer investment	16.8		12.1		—
Foreign currency loss on multicurrency divestiture loans	3.8		36.2		—
Legal and environmental remediation reserves	—		10.0		—
Inventory acquisition step-up	—		—		0.8
GPC safety recall	—		0.7		18.9
Spectrum merger related transaction charges	—		—		45.9
Non-recurring HRG operating costs	—		—		18.9
Salus	0.6		1.6		1.1
Salus CLO debt extinguishment	(76.2)		—		—
Other	(3.5)		4.7		4.1
Income (loss) from operations before income taxes	$	155.4	$	(193.8)	$	(35.7)


SB/RH (in millions)	2020		2019		2018
HHI	$	256.3	$	253.7	$	254.7
HPC	92.2		87.2		118.8
GPC	172.0		142.6		136.6
H&G	112.1		105.5		107.5
Total Segment Adjusted EBITDA	632.6		589.0		617.6
Corporate	47.4		20.7		35.9
Interest expense	144.0		162.0		167.0
Depreciation and amortization	148.5		180.8		124.6
Share and incentive based compensation	42.3		52.1		8.8
Restructuring and related charges	72.6		65.7		75.6
Transaction related charges	23.1		21.8		30.2
Loss on assets held for sale	26.8		—		—
Write-off from impairment of goodwill	—		116.0		—
Write-off from impairment of intangible assets	24.2		35.4		20.3
Loss on Energizer investment	16.8		12.1		—
Foreign currency loss on multicurrency divestiture loans	3.8		36.2		—
Legal and environmental remediation reserves	—		10.0		—
Inventory acquisition step-up	—		—		0.8
GPC safety recall	—		0.7		18.9
Other	(3.5)		4.7		5.4
Income (loss) from operations before income taxes	$	86.6	$	(129.2)	$	130.1

Other financial information relating to the segments of SBH and SB/RH are as follows for the years ended September 30, 2020, 2019 and 2018 and as of September 30, 2020 and 2019:


	SBH						SB/RH
Depreciation and amortization (in millions)	2020		2019		2018		2020		2019		2018
HHI	$	33.9	$	33.5	$	40.0	$	33.9	$	33.5	$	40.0
HPC	35.2		64.6		8.8		35.2		64.6		8.8
GPC	44.4		48.8		42.3		44.4		48.8		42.3
H&G	20.4		19.3		18.8		20.4		19.3		18.8
Total segments	133.9		166.2		109.9		133.9		166.2		109.9
Corporate and shared operations	14.6		14.6		15.4		14.6		14.6		14.7
Total depreciation and amortization	$	148.5	$	180.8	$	125.3	$	148.5	$	180.8	$	124.6


	SBH						SB/RH
Capital expenditures (in millions)	2020		2019		2018		2020		2019		2018
HHI	$	16.9	$	18.0	$	15.6	$	16.9	$	18.0	$	15.6
HPC	10.7		11.0		14.8		10.7		11.0		14.8
GPC	14.5		16.0		24.6		14.5		16.0		24.6
H&G	3.5		5.9		6.4		3.5		5.9		6.4
Total segment capital expenditures	45.6		50.9		61.4		45.6		50.9		61.4
Corporate and shared operations	15.4		7.5		14.5		15.4		7.5		14.5
Total capital expenditures	$	61.0	$	58.4	$	75.9	$	61.0	$	58.4	$	75.9


	SBH				SB/RH
Segment total assets (in millions)	2020		2019		2020		2019
HHI	$	1,786.5	$	1,611.0	$	1,786.5	$	1,611.0
HPC	825.3		833.6		825.3		833.6
GPC	1,200.4		1,275.4		1,200.4		1,275.4
H&G	546.1		538.6		546.1		538.6
Total segment assets	4,358.3		4,258.6		4,358.3		4,258.6
Corporate and shared operations	749.0		987.4		826.0		1,032.6
Total assets	$	5,107.3	$	5,246.0	$	5,184.3	$	5,291.2

Net sales SBH and SB/RH for the years ended September 30, 2020, 2019 and 2018 and long-lived asset information as of September 30, 2020 and 2019 by geographic area are as follows:


	SBH and SB/RH
Net sales to external parties - Geographic Disclosure (in millions)	2020		2019		2018
United States	$	2,822.5	$	2,649.5	$	2,627.2
Europe/MEA	683.9		656.6		669.4
Latin America	182.3		205.4		212.1
North America - Other	171.2		168.5		173.9
Asia-Pacific	104.3		122.1		126.1
Net sales	$	3,964.2	$	3,802.1	$	3,808.7


	SBH				SB/RH
Long-lived assets - Geographic Disclosure (in millions)	2020		2019		2020		2019
United States	$	354.7	$	308.3	$	354.7	$	308.3
Europe/MEA	58.3		83.0		58.3		83.0
Latin America	15.1		19.3		15.1		19.3
North America - Other	3.5		1.1		3.5		1.1
Asia-Pacific	68.7		41.2		68.7		41.2
Total long-lived assets	$	500.3	$	452.9	$	500.3	$	452.9

Long-lived assets as of September 30, 2020 includes both property, plant, and equipment and ROU operating lease assets with the adoption of Topic 842. See Note 2 - Significant Accounting Policies and Practices for further discussion.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Earnings Per Share - SBH

12 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE - SBH

EARNINGS PER SHARE – SBH

Basic earnings per share is computed by dividing net income attributable to controlling interest by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the dilution that would occur if share-based awards were converted into common shares that then shared in the net income of the entity available to common shareholders, 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. The Company uses the treasury stock method to reflect dilution of restricted stock units. Performance based restricted stock units are excluded 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. 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, 2020, 2019 and 2018, are as follows:


(in millions, except per share amounts)	2020		2019		2018
Numerator
Net income (loss) from continuing operations attributable to controlling interest	$	83.8	$	(188.0)	$	356.5
Income from discontinued operations attributable to controlling interest	14.0		682.5		411.8
Net income attributable to controlling interest	$	97.8	$	494.5	$	768.3
Denominator
Weighted average shares outstanding - basic	44.7		50.7		36.9
Dilutive shares	0.20		—		0.10
Weighted average shares outstanding - diluted	44.9		50.7		37.0
Earnings per share
Basic earnings per share from continuing operations	$	1.88	$	(3.71)	$	9.64
Basic earnings per share from discontinued operations	0.31		13.47		11.15
Basic earnings per share	$	2.19	$	9.76	20.79
Diluted earnings per share from continuing operations	$	1.87	$	(3.71)	$	9.62
Diluted earnings per share from discontinued operations	0.31		13.47		11.12
Diluted earnings per share	$	2.18	$	9.76	$	20.74
Weighted average number of anti-dilutive shares excluded from denominator	—		0.2		—

As part of the Spectrum Merger, using (i) the 20-trading-day volume-weighted average price per share of Spectrum Legacy common stock ending on July 12, 2018, (ii) the number of shares of Spectrum Legacy common stock outstanding, the number of shares of Spectrum Legacy common stock held by HRG and its subsidiaries and the number of shares of Spectrum Legacy common stock outstanding as of July 12, 2018, (iii) $328.2 million of HRG net indebtedness and transaction expenses at closing, and (iv) a $200.0 million upward adjustment contemplated by the Merger Agreement, each HRG stockholder received a reverse stock split of approximately 0.1613 of each share of HRG stock. Each share of Spectrum Legacy common stock and outstanding was converted into the right to receive one share of newly issued HRG common stock and exchange for HRG common stock. Due to the share exchange with Spectrum Legacy common stock shareholders, the total outstanding shares of the Company effectively increased 20.6 million shares in addition to the Company’s outstanding shares post-reverse stock split previously discussed. See Note 4 – Acquisitions for further discussion on Spectrum Merger.

Quarterly Results (Unaudited)

12 Months Ended

Sep. 30, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS (UNAUDITED)

Spectrum Brands Holdings, Inc.


	Quarter Ended
SBH 2020 (in millions, except per share)	September 30, 2020		June 28, 2020		March 29, 2020		December 29, 2019
Revenue	$	1,170.6	$	984.3	$	937.8	$	871.5
Gross profit	423.0		348.9		328.9		269.1
Net income (loss) attributable to controlling interest from continuing operations	43.7		137.1		(58.4)		(38.6)
Net income attributable to controlling interest from discontinued operations	1.7		8.0		1.4		2.8
Net income (loss) attributable to controlling interest	$	45.4	$	145.1	$	(57.0)	$	(35.8)
Basic earnings per share from continuing operations	$	1.01	$	3.19	$	(1.29)	$	(0.81)
Basic earnings per share from discontinued operations	0.04		0.18		0.03		0.06
Basic earnings per share	$	1.05	$	3.37	$	(1.26)	$	(0.75)
Diluted earnings per share from continuing operations	$	1.01	$	3.18	$	(1.29)	$	(0.81)
Diluted earnings per share from discontinued operations	0.04		0.18		0.03		0.06
Diluted earnings per share	$	1.05	$	3.36	$	(1.26)	$	(0.75)


	Quarter Ended
SBH 2019 (in millions, except per share)	September 30, 2019		June 30, 2019		March 31, 2019		December 30, 2018
Revenue	$	993.0	$	1,022.2	$	906.7	$	880.3
Gross profit	334.7		361.0		305.5		305.7
Net loss attributable to controlling interest from continuing operations	(79.0)		(24.7)		(55.0)		(29.3)
Net (loss) income attributable to controlling interest from discontinued operations	(16.7)		(1.2)		783.6		(83.2)
Net (loss) income attributable to controlling interest	$	(95.7)	$	(25.9)	$	728.6	$	(112.5)
Basic earnings per share from continuing operations	$	(1.62)	$	(0.51)	$	(1.06)	$	(0.56)
Basic earnings per share from discontinued operations	(0.35)		(0.02)		15.13		(1.55)
Basic earnings per share	$	(1.97)	$	(0.53)	$	14.07	$	(2.11)
Diluted earnings per share from continuing operations	$	(1.62)	$	(0.51)	$	(1.06)	$	(0.56)
Diluted earnings per share from discontinued operations	(0.35)		(0.02)		15.13		(1.55)
Diluted earnings per share	$	(1.97)	$	(0.53)	$	14.07	$	(2.11)

SB/RH Holdings, LLC


	Quarter Ended
SB/RH 2020 (in millions)	September 30, 2020		June 28, 2020		March 29, 2020		December 29, 2019
Revenue	$	1,170.6	$	984.3	$	937.8	$	871.5
Gross profit	423.0		348.9		328.9		269.1
Net income (loss) attributable to controlling interest from continuing operations	40.6		80.8		(55.8)		(37.7)
Net income attributable to controlling interest from discontinued operations	1.7		8.0		1.4		2.8
Net income (loss) attributable to controlling interest	$	42.3	$	88.8	$	(54.4)	$	(34.9)


	Quarter Ended
SB/RH 2019 (in millions)	September 30, 2019		June 30, 2019		March 31, 2019		December 30, 2018
Revenue	$	993.0	$	1,022.2	$	906.7	$	880.3
Gross profit	334.7		361.0		305.5		305.7
Net loss attributable to controlling interest from continuing operations	(79.7)		(28.9)		(13.4)		(19.2)
Net (loss) income attributable to controlling interest from discontinued operations	(16.7)		(1.2)		783.6		(83.2)
Net (loss) income attributable to controlling interest	$	(96.4)	$	(30.1)	$	770.2	$	(102.4)

During the fiscal third quarter of the year ended September 30, 2020, the Company identified an out of period error in Income from Discontinued Operations, net of tax, of $22.6 million as part of the return-to-provision adjustments. The Company has concluded that the misstatements are not material to the consolidated financial statements. The Company has updated the Consolidated Statement of Financial Position and Consolidated Statements of Income as of and for the three month period and year ended September 30, 2019 within this filing to reflect the corrected numbers. Refer Note 2 – Significant Accounting Policies and Practices for more information.

The following summarizes the impact to the net income on the Company’s consolidated financial statements for the three month period ended September 30, 2019:


	Three Month Period Ended September 30, 2019
SBH (in millions, except per share)	As reported		Adjustment		As Adjusted


Net loss attributable to controlling interest from discontinued operations	$	(39.3)	$	22.6	$	(16.7)
Net loss attributable to controlling interest	(118.3)		22.6		(95.7)
Basic earnings per share from discontinued operations	(0.81)		0.46		(0.35)
Basic earnings per share	(2.43)		0.46		(1.97)
Diluted earnings per share from discontinued operations	(0.81)		0.46		(0.35)
Diluted earnings per share	(2.43)		0.46		(1.97)


	Three Month Period Ended September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Net (loss) income attributable to controlling interest from discontinued operations	$	(39.3)	$	22.6	$	(16.7)
Net (loss) income attributable to controlling interest	(119.0)		22.6		(96.4)

Significant Accounting Policies and Practices (Policy)

12 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Principles of Consolidation and Fiscal Year End

Use of 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

ReceivablesTrade 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.

Inventories

InventoriesThe 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.

Property, Plant and Equipment


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

Goodwill

Intangible Assets

Asset Type

Range

Weighted Average

Customer relationships

5 - 20 years

18.5 years

Technology assets

5 - 18 years

11.7 years

Tradenames

5 - 13 years

10.5 years

Assets Held for Sale and Discontinued Operations

Assets Held for Sale and Discontinued OperationsThe Company reports the results of operations of a business as discontinued operations if a disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when the business is sold and classified as held for sale, in accordance with the criteria of Accounting Standard Codification (“ASC”) Topic 205 Presentation of Financial Statements and ASC Topic 360 Property, Plant and Equipment (“ASC 360”). Assets and liabilities of a business classified as held for sale are recorded at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the business exceeds its estimated fair value less cost to sell, a loss is recognized. Assets and liabilities related to a business classified as held for sale are segregated in the current and prior balance sheets in the period in which the business is classified as held for sale. The results of discontinued operations are reported in Income From Discontinued Operations, Net of Tax in the accompanying Consolidated Statements of Income for the current and prior periods commencing in the period in which the business meets the criteria, and includes any gain or loss recognized on closing, or adjustment of the carrying amount to fair value less cost to sell. Transactions between the businesses held for sale and businesses held for use that are expected to continue to exist after the disposal are not eliminated to appropriately reflect the continuing operations and balances held for sale. If a business is classified as held for sale after the balance sheet date but before the financial statements are issued or are available to be issued, the business continues to be classified as held and used in those financial statements when issued or when available to be issued.

Debt Issuance Costs

Debt Issuance CostsDebt issuance costs are deferred and amortized to interest expense using the effective interest method over the lives of the related debt agreements. Debt issuance costs for SBH were $36.5 million and $33.0 million as of September 30, 2020 and 2019, respectively, and $36.5 million and $31.5 million for SB/RH as of September 30, 2020 and 2019, respectively. Debt issuance costs are included in Long Term Debt, Net of Current Portion in the Consolidated Statements of Financial Position. Amortization of debt issuance costs is recognized as Interest Expense in the Consolidated Statements of Income.

Financial Instruments

Financial InstrumentsDerivative financial instruments are used by the Company principally in the management of its foreign currency 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 equity through other comprehensive income until the hedged item is recognized. Pursuant to the adoption of ASU 2017-12 on October 1, 2019, for derivative instruments that hedge the exposure to variability in expected future cash flows and are designated as cash flow hedges, the entire change in the fair value of the hedging instrument is recorded as a component of Accumulated Other Comprehensive (Loss) Income (“AOCI”) in Stockholders’ Equity. Those amounts are subsequently reclassified to earnings in the same line item in the Consolidated Statement of Income as impacted by the hedge item when the hedged item affects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. For derivatives that do not qualify for hedge accounting treatment, the change in the fair value is recognized in earnings.

Treasury Stock

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

Noncontrolling Interest

Business Combinations and Acquisition Accounting

Business Combinations and Acquisition AccountingThe Company accounts for acquisitions by applying the acquisition method of accounting when the transaction or event is considered a business combination, which requires that the assets acquired and liabilities assumed constitute a business. A defined business is generally an acquired group of assets with inputs and processes that make it capable of generating a return or economic benefit for the acquirer. 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.

Revenue Recognition

Product Sales

Licensing Revenue

Other Revenue

Variable Consideration and Cash Paid to Customers

Product Returns

Practical Expedients and Exemptions:

•The Company does not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer.

•The Company excludes all sales taxes that are assessed by a governmental authority from the transaction price.

Shipping and Handling Costs

Advertising Costs

Research and Development Costs

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

Environmental Expenditures

Environmental ExpendituresEnvironmental expenditures that relate to current 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

Transaction Related Charges

Transaction related chargesTransaction related charges consist of transaction costs from (1) qualifying acquisition transactions associated with the completion of the purchase of net assets or equity interest of a business such as a business combination, equity investment, joint venture or purchase of non-controlling interest; (2) subsequent integration related project costs directly associated with an acquired business including costs for integration of acquired operations into the Company’s shared service platforms, termination of redundant positions and locations, employee transition costs, integration related professional fees and other post business combination expenses; and (3) divestiture support and separation costs consisting of incremental costs incurred by the continuing operations after completion of the transaction to facilitate separation of shared operations, development of transferred shared service operations, platforms and personnel transferred under the transaction. Divestiture-related charges prior to completion of the transaction are recognized as a component of Income from Discontinued Operations, net of tax. Transaction costs include, but are not limited to, banking, advisory, legal, accounting, valuation, and other professional fees directly related to the respective transactions. Additionally, transaction related charges include costs attributable to the plan to market and sell the HPC operations that was subsequently classified as continuing operations for all periods presented.

Income Taxes

Foreign Currency Translation

Newly Adopted Accounting Standards and Recently Issued Accounting Standards

Newly Adopted Accounting Standards

Recently Issued Accounting Standards

Description of Business (Tables)

12 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Consolidated Business, by Segment

The following is an overview of the consolidated business, by segment, summarizing product types and brands:

Segment

Products

Brands

HHI

Security: Residential locksets and door hardware including knobs, levers, deadbolts, handle sets, including electronic and connected locks.

Plumbing & Accessories: Kitchen and bath faucets and accessories.

Builders' Hardware: Hinges, metal shapes, security hardware, track and sliding door hardware, gate hardware.

Security: Kwikset®, Weiser®, Baldwin®, Tell Manufacturing®, and EZSET®

Plumbing & Accessories: Pfister®

Builders' Hardware: National Hardware®, FANAL®

HPC

Home Appliances: Small kitchen appliances including toaster ovens, coffeemakers, slow cookers, blenders, hand mixers, grills, food processors, juicers, toasters, irons, kettles, and breadmakers.

Home Appliances: Black & Decker®, Russell Hobbs®, George Foreman®, Toastmaster®, Juiceman®, Farberware®, and Breadman®

Personal Care: Remington®, and LumaBella®

GPC

Aquatics: Tetra®, Marineland®, Whisper®, Instant Ocean®, GloFish®, OmegaOne® and OmegaSea®

H&G

Controls: Outdoor insect and weed control solutions, and animal repellents such as aerosols, granules, and ready-to-use sprays or hose-end ready-to-sprays.

Repellents: Personal use pesticides and insect repellent products, including aerosols, lotions, pump sprays and wipes, yard sprays and citronella candles.

Household: Hot Shot®, Black Flag®, Real-Kill®, Ultra Kill®, The Ant Trap® (TAT), and Rid-A-Bug®.

Controls: Spectracide®, Garden Safe®, Liquid Fence®, and EcoLogic®.

Repellents: Cutter® and Repel®.

Significant Accounting Policies and Practices (Tables)

12 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Useful Lives for Property, Plant and Equipment

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

Schedule of Range and Weighted Average Useful Lives for Definite-Lived Intangible Assets

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

Asset Type

Range

Weighted Average

Customer relationships

5 - 20 years

18.5 years

Technology assets

5 - 18 years

11.7 years

Tradenames

5 - 13 years

10.5 years

Schedule of Transaction Related Charges

The following table summarizes transaction related charges incurred by the Company during the years ended September 30, 2020, 2019 and 2018:


(in millions)	2020		2019		2018
Coevorden operations divestiture	$	5.5	$	—	$	—
GBL post divestiture separation	10.2		9.5		—
HPC divestiture	3.9		7.3		14.9
PetMatrix integration	—		—		4.9
Omega Sea acquisition	1.6		—		—
Other integration	1.9		5.0		10.4
Total transaction-related charges	$	23.1	$	21.8	$	30.2

Schedule of Error Corrections and Prior Period Adjustments

The Company has updated the Consolidated Statement of Financial Position and Consolidated Statements of Income as of and for the year ended September 30, 2019 within this filing to reflect the corrected numbers as follows:


	September 30, 2019
SBH (in millions)	As reported		Adjustment		As Adjusted
Deferred charges and other	$	51.7	$	15.5	$	67.2
Total assets	5,230.5		15.5		5,246.0
Other current liabilities	216.0		(1.8)		214.2
Current liabilities	1,141.9		(1.8)		1,140.1
Deferred income taxes	55.9		(5.3)		50.6
Total liabilities	3,524.2		(7.1)		3,517.1
Accumulated earnings	201.2		22.6		223.8
Total shareholders' equity	1,698.3		22.6		1,720.9
Total equity	1,706.3		22.6		1,728.9
Total liabilities and equity	5,230.5		15.5		5,246.0


	September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Income tax payable	$	240.5	$	(1.8)	$	238.7
Current liabilities	1,356.0		(1.8)		1,354.2
Deferred income taxes	272.2		(20.8)		251.4
Total liabilities	3,879.1		(22.6)		3,856.5
Accumulated deficit	(437.3)		22.6		(414.7)
Total shareholder's equity	1,402.5		22.6		1,425.1
Total equity	1,412.1		22.6		1,434.7


	September 30, 2019
SBH (in millions, except per share)	As reported		Adjustment		As Adjusted


Income from discontinued operations, net of tax	$	659.9	$	22.6	$	682.5
Net income	473.2		22.6		495.8
Net income from discontinued operations attributable to controlling interest	659.9		22.6		682.5
Net income attributable to controlling interest	471.9		22.6		494.5
Basic earnings per share from discontinued operations	13.02		0.45		13.47
Basic earnings per share	9.31		0.45		9.76
Diluted earnings per share from discontinued operations	13.02		0.45		13.47
Diluted earnings per share	9.31		0.45		9.76


	September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Income from discontinued operations, net of tax	$	659.9	$	22.6	$	682.5
Net income	520.0		22.6		542.6
Net income from discontinued operations attributable to controlling interest	659.9		22.6		682.5
Net income attributable to controlling interest	518.7		22.6		541.3

The following summarizes the impact to the net income on the Company’s consolidated financial statements for the three month period ended September 30, 2019:


	Three Month Period Ended September 30, 2019
SBH (in millions, except per share)	As reported		Adjustment		As Adjusted


Net loss attributable to controlling interest from discontinued operations	$	(39.3)	$	22.6	$	(16.7)
Net loss attributable to controlling interest	(118.3)		22.6		(95.7)
Basic earnings per share from discontinued operations	(0.81)		0.46		(0.35)
Basic earnings per share	(2.43)		0.46		(1.97)
Diluted earnings per share from discontinued operations	(0.81)		0.46		(0.35)
Diluted earnings per share	(2.43)		0.46		(1.97)


	Three Month Period Ended September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Net (loss) income attributable to controlling interest from discontinued operations	$	(39.3)	$	22.6	$	(16.7)
Net (loss) income attributable to controlling interest	(119.0)		22.6		(96.4)

Divestitures (Tables)

12 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Components of Income From Discontinued Operations, Net of Tax


(in millions)	2020		2019		2018
Income from discontinued operations before income taxes - GBL	$	4.2	$	974.9	$	21.8
Loss from discontinued operations before income taxes - GAC	(0.1)		(115.7)		(31.9)
Income from discontinued operations before income taxes - HRG Insurance Operations	—		—		476.4
Income from discontinued operations before income taxes	4.1		859.2		466.3
Income tax (benefit) expense from discontinued operations	(9.9)		176.7		21.3
Income from discontinued operations, net of tax	14.0		682.5		445.0
Income from discontinued operations, net of tax attributable to noncontrolling interest	—		—		33.2
Income from discontinued operations, net of tax attributable to controlling interest	$	14.0	$	682.5	$	411.8

Summary of Components of Income From Discontinued Operations Before Income Taxes


(in millions)	2019		2018
Net sales	$	249.0	$	870.5
Cost of goods sold	164.6		553.2
Gross profit	84.4		317.3
Operating expenses	57.0		241.0
Operating income	27.4		76.3
Interest expense	23.3		53.5
Other non-operating expense, net	0.5		1.0
Gain on sale	(989.8)		—
Reclassification of accumulated other comprehensive income	18.5		—
Income from discontinued operations before income taxes	$	974.9	$	21.8


(in millions)	2019		2018
Net sales	$	87.7	$	465.6
Cost of goods sold	52.5		284.9
Gross profit	35.2		180.7
Operating expenses	35.7		117.8
Operating (loss) income	(0.5)		62.9
Interest expense	0.7		2.1
Other non-operating expense, net	0.2		0.2
Write-down of assets of business held for sale to fair value less cost to sell	111.0		92.5
Reclassification of accumulated other comprehensive income	3.3		—
Income from discontinued operations before income taxes	$	(115.7)	$	(31.9)


(in millions)	2018
Revenues
Insurance premiums	$	6.8
Net investment income	181.9
Net investment gains	154.8
Other	35.1
Total revenues	378.6
Operating costs and expenses
Benefits and other changes in policy reserves	241.3
Selling, acquisition, operating and general expenses	52.8
Amortization of intangibles	35.8
Total operating costs and expenses	329.9
Operating income	48.7
Interest expense and other	4.0
Write-down of assets of business held for sale to fair value less cost to sell	(14.2)
Reclassification of accumulated other comprehensive income	445.9
Income from discontinued operations before income taxes	$	476.4

Restructuring and Related Charges (Tables)

12 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

The following summarizes restructuring and related charges for the years ended September 30, 2020, 2019, and 2018:


(in millions)	2020		2019		2018
Global productivity improvement program	$	71.6	$	60.9	$	—
HHI distribution center consolidation	—		2.3		52.0
GPC rightsizing initiative	—		—		12.1
Other restructuring activities	1.0		2.5		11.5
Total restructuring and related charges	$	72.6	$	65.7	$	75.6
Reported as:
Cost of goods sold	$	14.3	$	2.8	$	3.6
Operating expense	58.3		62.9		72.0

Schedule of Costs Incurred and Cumulative Costs by Cost Type


(in millions)	Termination Benefits		Other Costs		Total
For the year ended September 30, 2020	$	12.8	$	59.8	$	72.6
For the year ended September 30, 2019	9.8		55.9		65.7
For the year ended September 30, 2018	7.8		67.8		75.6
Cumulative costs through September 30, 2020	22.8		109.7		132.5
Future costs to be incurred	5.8		25.2		31.0

Schedule of Rollforward of Restructuring Accrual


(in millions)	Termination Benefits		Other Costs		Total
Accrual balance at September 30, 2018	$	3.1	$	4.7	$	7.8
Provisions	7.9		26.7		34.6
Cash expenditures	(3.8)		(3.3)		(7.1)
Non-cash items	(0.6)		(1.1)		(1.7)
Accrual balance at September 30, 2019	$	6.6	$	27.0	$	33.6
Adoption of ASU 842 (Note 2)	—		(4.2)		(4.2)
Provisions	4.3		41.7		46.0
Cash expenditures	(7.1)		(57.8)		(64.9)
Non-cash items	0.3		(0.3)		—
Accrual balance at September 30, 2020	$	4.1	$	6.4	$	10.5

Schedule of Costs Incurred by Reporting Segment


(in millions)	HHI		HPC		GPC		H&G		Corporate		Total
For the year ended September 30, 2020	$	1.0	$	4.6	$	20.8	$	0.5	$	45.7	$	72.6
For the year ended September 30, 2019	4.7		8.1		7.6		1.8		43.5		65.7
For the year ended September 30, 2018	52.8		0.7		13.2		0.8		8.1		75.6
Cumulative costs through September 30, 2020	1.5		12.6		28.0		2.2		88.2		132.5
Future costs to be incurred	0.8		3.6		2.3		2.1		22.2		31.0

Revenue Recognition (Tables)

12 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates our revenue for the years ended September 30, 2020, by the Company’s key revenue streams, segments and geographic region (based upon destination):


	September 30, 2020
(in millions)	HHI		HPC		GPC		H&G		Total
Product Sales
NA	$	1,305.2	$	458.7	$	667.4	$	543.1	$	2,974.4
EMEA	—		447.3		232.6		—		679.9
LATAM	33.3		126.8		14.4		6.7		181.2
APAC	2.6		65.8		35.7		—		104.1
Licensing	1.0		9.0		8.3		2.1		20.4
Other	—		—		4.2		—		4.2
Total Revenue	$	1,342.1	$	1,107.6	$	962.6	$	551.9	$	3,964.2

The following table disaggregates our revenue for the year ended September 30, 2019, by the Company’s key revenue streams, segments and geographic region (based upon destination):


	September 30, 2019
(in millions)	HHI		HPC		GPC		H&G		Total
Product Sales
NA	$	1,282.5	$	428.6	$	586.1	$	502.0	$	2,799.2
EMEA	0.8		429.3		222.6		—		652.7
LATAM	47.1		139.5		13.4		4.4		204.4
APAC	24.0		61.0		36.6		—		121.6
Licensing	1.3		9.7		6.8		1.7		19.5
Other	—		—		4.7		—		4.7
Total Revenue	$	1,355.7	$	1,068.1	$	870.2	$	508.1	$	3,802.1

Schedule of Rollforward of the Allowance for Product Returns

The following is a rollforward of the allowance for product returns for the years ended September 30, 2020, 2019 and 2018:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2020	$	19.2	$	36.9	$	(33.3)	$	0.3	$	23.1
September 30, 2019	20.9		33.4		(34.4)		(0.7)		19.2
September 30, 2018	20.3		30.3		(31.8)		2.1		20.9

Fair Value of Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values for Financial Instruments

The carrying values and estimated fair values for financial instruments as of September 30, 2020 and 2019 are as follows:


	September 30, 2020										September 30, 2019
(in millions)	Level 1		Level 2		Level 3		Fair Value		Carrying Amount		Level 1		Level 2		Level 3		Fair Value		Carrying Amount
Investments	$	66.9	$	—	$	—	$	66.9	$	—	$	230.8	$	—	$	—	$	230.8	$	230.8
Derivative Assets	—		1.2		—		1.2		—		—		9.5		—		9.5		9.5
Derivative Liabilities	—		14.2		—		14.2		—		—		2.3		—		2.3		2.3
Debt - SBH	—		2,595.4		—		2,595.4		2,476.3		—		2,468.8		—		2,468.8		2,351.3
Debt - SB/RH	—		2,595.4		—		2,595.4		2,476.3		—		2,391.8		—		2,391.8		2,276.0

Schedule of Income Loss from Equity Investments

The following is a summary of income recognized from equity investments for the years ended September 30, 2020 and 2019:


(in millions)	2020		2019
Unrealized loss on equity investments held	$	(7.5)	$	(12.1)
Realized loss on equity investments sold	(9.3)		—
Loss on equity investments	(16.8)		(12.1)
Dividend income from equity investments	5.0		4.8
Loss from equity investments	$	(11.8)	$	(7.3)

Receivables (Tables)

12 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of Allowance for Doubtful Accounts

The following is a rollforward of the allowance for doubtful accounts for the years ended 2020, 2019 and 2018:


(in millions)	Beginning Balance		Charged to Profit & Loss		Deductions		Other Adjustments		Ending Balance
September 30, 2020	$	4.9	$	2.3	$	(0.7)	$	(0.1)	$	6.4
September 30, 2019	4.0		2.7		(2.2)		0.4		4.9
September 30, 2018	6.1		2.9		(3.5)		(1.5)		4.0

Inventory (Tables)

12 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories as of September 30, 2020 and 2019 consist of the following:


(in millions)	2020		2019
Raw materials	$	67.8	$	66.2
Work-in-process	60.8		46.4
Finished goods	429.1		435.8
	$	557.7	$	548.4

Property, Plant and Equipment (Tables)

12 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment as of September 30, 2020 and 2019 consist of the following:


(in millions)	2020		2019
Land, buildings and improvements	$	134.8	$	161.4
Machinery, equipment and other	520.0		523.6
Capital leases	200.8		197.2
Construction in progress	29.8		31.7
Property, plant and equipment	$	885.4	$	913.9
Accumulated depreciation	(488.9)		(461.0)
Property, plant and equipment, net	$	396.5	$	452.9

Goodwill and Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Reporting Segment

Goodwill, by segment, consists of the following:


(in millions)	HHI		GPC		H&G		HPC		Total
As of September 30, 2018	$	704.3	$	435.9	$	196.5	$	118.0	$	1,454.7
Foreign currency impact	(2.2)		(5.5)		—		(2.0)		(9.7)
Impairment	—		—		—		(116.0)		(116.0)
Deferred tax impact	—		—		(0.9)		—		(0.9)
As of September 30, 2019	$	702.1	$	430.4	$	195.6	$	—	$	1,328.1
Foreign currency impact	2.7		3.2		—		—		5.9
Omega Sea acquisition (Note 4)	—		8.6		—		—		8.6
Allocated to Assets Held for Sale - Coevorden Operations (Note 3)	—		(10.6)		—		—		(10.6)
As of September 30, 2020	$	704.8	$	431.6	$	195.6	$	—	$	1,332.0

Schedule of Carrying Value and Accumulated Amortization for Intangible Assets

The carrying value of indefinite lived intangible and definite lived intangible assets subject to amortization and accumulated amortization are as follows:


	2020						2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizable Intangible Assets
Customer relationships	$	692.1	$	(367.9)	$	324.2	$	694.9	$	(329.7)	$	365.2
Technology assets	175.7		(104.1)		71.6		179.4		(90.9)		88.5
Tradenames	161.0		(132.6)		28.4		160.4		(118.1)		42.3
Total Amortizable Intangible Assets	1,028.8		(604.6)		424.2		1,034.7		(538.7)		496.0
Indefinite-lived Intangible Assets - Tradenames	1,007.5		—		1,007.5		1,011.1		—		1,011.1
Total Intangible Assets	$	2,036.3	$	(604.6)	$	1,431.7	$	2,045.8	$	(538.7)	$	1,507.1

Schedule of Future Amortization Expense


(in millions)	Amortization
2021	$	74.9
2022	54.5
2023	44.4
2024	44.4
2025	42.3

Debt (Tables)

12 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Debt for SBH and SB/RH as of September 30, 2020 and 2019 consists of the following:


	SBH								SB/RH
	2020				2019				2020				2019
(in millions)	Amount		Rate		Amount		Rate		Amount		Rate		Amount		Rate
Spectrum Brands Inc.
Revolver Facility, variable rate, expiring June 30, 2025	$	—	—	%	$	—	—	%	$	—	—	%	$	—	—	%
6.625% Notes, due November 15, 2022	—		—	%	117.4		6.6	%	—		—	%	117.4		6.6	%
6.125% Notes, due December 15, 2024	250.0		6.1	%	250.0		6.1	%	250.0		6.1	%	250.0		6.1	%
5.75% Notes, due July 15, 2025	1,000.0		5.8	%	1,000.0		5.8	%	1,000.0		5.8	%	1,000.0		5.8	%
4.00% Notes, due October 1, 2026	499.1		4.0	%	465.0		4.0	%	499.1		4.0	%	465.0		4.0	%
5.00% Notes, due October 1, 2029	300.0		5.0	%	300.0		5.0	%	300.0		5.0	%	300.0		5.0	%
5.50% Notes, due July 15, 2030	300.0		5.5	%	—		—	%	300.0		5.5	%	—		—	%
Other notes and obligations	3.2		7.6	%	9.5		10.4	%	3.2		7.6	%	9.5		10.4	%
Obligations under capital leases	160.5		5.6	%	165.6		5.6	%	160.5		5.6	%	165.6		5.6	%
Total Spectrum Brands, Inc. debt	2,512.8				2,307.5				2,512.8				2,307.5
Spectrum Brands Holdings, Inc.
Salus - unaffiliated long-term debt of consolidated VIE	—		—	%	77.0		—	%	—		—	%	—		—	%
Total SBH debt	2,512.8				2,384.5				2,512.8				2,307.5
Unamortized discount on debt	—				(0.2)				—				—
Debt issuance costs	(36.5)				(33.0)				(36.5)				(31.5)
Less current portion	(15.3)				(136.9)				(15.3)				(136.9)
Long-term debt, net of current portion	$	2,461.0			$	2,214.4			$	2,461.0			$	2,139.1

Schedule of Maturities of Debt Obligations

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


(in millions)	SBH		SB/RH
2021	$	3.2	$	3.2
2022	—		—
2023	—		—
2024	—		—
2025	1,250.0		1,250.0
Thereafter	1,099.1		1,099.1
Total long-term debt	$	2,352.3	$	2,352.3

Leases (Tables)

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Leases Recognized in Statement of Financial Position

The following is a summary of the Company’s leases recognized on the Company’s Consolidated Statement of Financial Position as of September 30, 2020:

(in millions)

Line Item

2020

Assets

Operating

Operating lease assets

103.8

Finance

Property, plant and equipment, net

136.3

Total leased assets

240.1

Liabilities

Current

Operating

Other current liabilities

22.4

Finance

Current portion of long-term debt

12.1

Long-term

Operating

Long-term operating lease liabilities

88.8

Finance

Long-term debt, net of current portion

148.4

Total lease liabilities

271.7

Schedule of Components of Lease Costs, Cash Flow Disclosures, Lease Terms and Discount Rate

The components of lease costs recognized in the Consolidated Statement of Income for the year ended September 30, 2020 are as follows:


(in millions)	2020
Operating lease cost	$	26.6
Finance lease cost
Amortization of leased assets	14.5
Interest on lease liability	9.1
Variable lease cost	11.7
Total lease cost	$	61.9


(in millions)	2020
Operating cash flow from operating leases	$	25.7
Operating cash flows from finance leases	9.1
Financing cash flows from finance leases	11.8
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	24.1

The following is a summary of weighted-average lease term and discount rate at September 30, 2020:


	2020
Weighted average remaining lease term
Operating leases	6.6 years
Finance leases	15.6 years
Weighted average discount rate
Operating leases	4.68	%
Finance leases	5.60	%

Schedule of Future Lease Payments Under Operating Leases

At September 30, 2020, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2021	$	20.1	$	27.2
2022	18.1		22.3
2023	17.0		20.1
2024	16.7		22.5
2025	19.6		9.5
Thereafter	162.4		29.3
Total lease payments	253.9		130.9
Amount representing interest	(93.4)		(19.7)
Total minimum lease payments	$	160.5	$	111.2

Schedule of Future Lease Payments Under Finance Leases

At September 30, 2020, future lease payments under operating and finance leases were as follows:


(in millions)	Finance Leases		Operating Leases
2021	$	20.1	$	27.2
2022	18.1		22.3
2023	17.0		20.1
2024	16.7		22.5
2025	19.6		9.5
Thereafter	162.4		29.3
Total lease payments	253.9		130.9
Amount representing interest	(93.4)		(19.7)
Total minimum lease payments	$	160.5	$	111.2

Schedule of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases

As of September 30, 2019, minimum commitments under the Company’s leases, as required under prior lease guidance, were as follows:


(in millions)	Finance Leases		Operating Leases
2020	$	17.5	$	25.0
2021	19.7		23.2
2022	16.5		20.6
2023	15.5		17.8
2024	15.4		10.8
Thereafter	179.9		37.5
Total lease payments	264.5		134.9
Amount representing interest	(98.9)		—
Total minimum lease payments	$	165.6	$	134.9

Derivatives (Tables)

12 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Commodity Swap Contracts Outstanding

The Company had the following commodity swap contracts outstanding as of September 30, 2020 and 2019:


	2020				2019
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Brass swap contracts	949.0	Metric Tons	$	4.4	904.9	Metric Tons	$	4.4
Zinc swap contracts	1,552.0	Metric Tons	3.4		—	Metric Tons	—

Summary of Impact of Effective and Ineffective Portions of Designated Hedges and Gain (Loss)

The following table summarizes the impact of the effective and ineffective portions of designated hedges and the gain (loss) recognized in the Consolidated Statement of Income for the years ended September 30, 2020, 2019 and 2018:


For the year ended September 30, 2020	Effective Portion
	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations		Ineffective portion
								Continuing Operations			Discontinued Operations
(in millions)			Line Item	Gain (Loss)				Line Item	Gain (Loss)
Commodity swaps	$	0.9	Cost of goods sold	$	(0.2)	$	—	Cost of goods sold	$	—	$	—
Foreign exchange contracts	0.1		Net sales	(0.1)		—		Net sales	—		—
Foreign exchange contracts	(7.2)		Cost of goods sold	5.3		—		Cost of goods sold	—		—
Total	$	(6.2)		$	5.0	$	—		$	—	$	—


	Effective Portion
For the year ended September 30, 2019	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations		Ineffective portion
								Continuing Operations			Discontinued Operations
(in millions)			Line Item	Gain (Loss)				Line Item	Gain (Loss)
Interest rate swaps	$	(0.6)	Interest expense	$	—	$	2.2	Interest expense	$	—	$	1.7
Commodity swaps	(1.1)		Cost of goods sold	(0.4)		(4.4)		Cost of goods sold	—		—
Foreign exchange contracts	(0.4)		Net sales	(0.2)		—		Net sales	—		—
Foreign exchange contracts	14.7		Cost of goods sold	11.7		0.5		Cost of goods sold	—		—
Total	$	12.6		$	11.1	$	(1.7)		$	—	$	1.7


	Effective Portion
For the year ended September 30, 2018	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations		Ineffective portion
								Continuing Operations			Discontinued Operations
(in millions)			Line Item	Gain (Loss)				Line Item	Gain (Loss)
Interest rate swaps	$	4.0	Interest expense	$	—	$	1.1	Interest expense	$	—	$	1.2
Commodity swaps	(4.5)		Cost of goods sold	0.7		2.4		Cost of goods sold	—		—
Foreign exchange contracts	(0.1)		Net sales	0.1		—		Net sales	—		—
Foreign exchange contracts	10.8		Cost of goods sold	(9.3)		(1.9)		Cost of goods sold	—		—
Total	$	10.2		$	(8.5)	$	1.6		$	—	$	1.2

Schedule of Gain (Loss) on Derivatives Not Designated as Hedges


(in millions)	Line Item	2020		2019		2018
Foreign exchange contracts	Other non-operating (income) expense	$	(7.3)	$	47.3	$	(2.3)

Schedule of Fair Value of Outstanding 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	2020		2019
Derivative Assets
Commodity swaps - designated as hedge	Other receivables	$	0.7	$	—
Commodity swaps - designated as hedge	Deferred charges and other	0.1		—
Foreign exchange contracts - designated as hedge	Other receivables	—		7.8
Foreign exchange contracts - designated as hedge	Deferred charges and other	—		0.5
Foreign exchange contracts - not designated as hedge	Other receivables	0.4		1.2
Total Derivative Assets		$	1.2	$	9.5
Derivative Liabilities
Commodity swaps - designated as hedge	Accounts payable	$	—	$	0.2
Foreign exchange contracts - designated as hedge	Accounts payable	3.8		0.2
Foreign exchange contracts - designated as hedge	Other long term liabilities	0.3		—
Foreign exchange contracts - not designated as hedge	Accounts payable	10.1		1.9
Total Derivative Liabilities		$	14.2	$	2.3

Schedule of Net Investment Hedge Recognized in Other Comprehensive Income

The following summarizes the gain (loss) from the net investment hedge recognized in Other Comprehensive Income for the year ended September 30, 2020, 2019 and 2018, pre-tax:


(Loss) gain in OCI (in millions)	2020		2019		2018
Net investment hedge	$	(33.0)	$	29.8	$	6.2

Employee Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Schedule of Information on Pension Plans

The following tables provide additional information on the pension plans as of September 30, 2020 and 2019:


	U.S. Plans				Non U.S. Plans
(in millions)	2020		2019		2020		2019
Changes in benefit obligation:
Benefit obligation, beginning of year	$	80.2	$	70.5	$	167.8	$	148.9
Service cost	0.7		0.4		2.2		1.9
Interest cost	2.2		2.8		2.3		3.4
Actuarial loss (gain)	2.3		10.3		(0.9)		27.5
Settlements and curtailments	(4.6)		—		(1.6)		—
Plan Amendments	—		—		—		0.2
Benefits paid	(4.8)		(3.8)		(4.1)		(5.9)
Foreign currency exchange rate changes	—		—		9.4		(8.2)
Benefit obligation, end of year	76.0		80.2		175.1		167.8
Changes in plan assets:
Fair value of plan assets, beginning of year	68.6		69.3		120.0		115.8
Actual return on plan assets	5.1		2.7		1.1		13.5
Employer contributions	0.3		0.4		5.3		3.1
Settlements and curtailments	(4.6)		—		—		—
Benefits paid	(4.8)		(3.8)		(4.1)		(5.9)
Foreign currency exchange rate changes	—		—		6.9		(6.5)
Fair value of plan assets, end of year	64.6		68.6		129.2		120.0
Funded Status	$	(11.4)	$	(11.6)	$	(45.9)	$	(47.8)
Amounts recognized in statement of financial position
Deferred charges and other	$	—	$	—	$	3.0	$	3.0
Other accrued expenses	0.3		0.3		0.4		0.5
Other long-term liabilities	11.1		11.3		48.5		50.3
Accumulated other comprehensive loss	18.8		19.3		51.3		49.9
Weighted average assumptions
Discount rate	2.46%		3.04%		0.50 - 6.90%		0.75 - 7.70%
Rate of compensation increase	N/A		N/A		2.25 - 6.00%		2.25 - 6.00%

Schedule of Components of Net Periodic Benefit Cost

The following table contains the components of net periodic benefit cost from defined benefit plans for the years ended September 30, 2020, 2019 and 2018:


	U.S. Plans						Non U.S. Plans
(in millions)	2020		2019		2018		2020		2019		2018
Service cost	$	0.7	$	0.4	$	0.4	$	2.2	$	1.9	$	2.0
Interest cost	2.2		2.8		2.7		2.3		3.4		3.6
Expected return on assets	(4.1)		(4.4)		(4.5)		(3.9)		(3.9)		(4.2)
Settlements and curtailments	0.9		—		—		0.1		0.3		0.1
Recognized net actuarial loss	0.9		0.2		1.1		3.4		1.8		1.4
Net periodic benefit cost	$	0.6	$	(1.0)	$	(0.3)	$	4.1	$	3.5	$	2.9
Weighted average assumptions
Discount rate	3.04%		4.10%		3.70%		0.75 - 7.70%		1.00 - 8.30%		1.13 - 7.50%
Expected return on plan assets	6.50%		6.50%		7.00%		0.75 - 3.40%		1.00 - 4.01%		1.13 - 4.13%
Rate of compensation increase	N/A		N/A		N/A		2.25 - 6.00%		2.25 - 7.00%		1.37 - 7.00%

Schedule of Allocation of Pension Plan Assets

Below is a summary allocation of defined benefit plan assets as of September 30, 2020 and 2019:


	U.S. Plans				Non U.S. Plans
Asset Type	2020		2019		2020		2019
Equity Securities	46	%	62	%	—	%	—	%
Fixed Income Securities	51	%	35	%	19	%	20	%
Other	3	%	3	%	81	%	80	%
Total	100	%	100	%	100	%	100	%

Schedule of Fair Value of Pension Plan Assets by Asset Category

The fair value of defined benefit plan assets by asset category as of September 30, 2020 and 2019 are as follows:


	September 30, 2020								September 30, 2019
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash & cash equivalents	$	9.3	$	—	$	—	$	9.3	$	8.3	$	—	$	—	$	8.3
Equity	11.9		10.7		—		22.6		16.8		13.1		—		29.9
Fixed income securities	22.3		6.4		—		28.7		21.6		—		—		21.6
Foreign equity	7.2		—		—		7.2		11.4		—		—		11.4
Foreign fixed income securities	1.3		24.7		—		26.0		2.1		23.6		—		25.7
Life insurance contracts	—		42.1		—		42.1		—		37.4		—		37.4
Other	1.7		56.2		—		57.9		2.2		52.1		—		54.3
Total plan assets	$	53.7	$	140.1	$	—	$	193.8	$	62.4	$	126.2	$	—	$	188.6

Schedule of Benefit Payments Expected To Be Paid

The following benefit payments are expected to be paid:


(in millions)	Amount
2021	$	9.0
2022	8.5
2023	8.7
2024	9.4
2025	9.9
2025-2029	55.3

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

Income tax expense was calculated based upon the following components of income (loss) from operations before income taxes for the years ended September 30, 2020, 2019 and 2018:


	SBH						SB/RH
(in millions)	2020		2019		2018		2020		2019		2018
United States	$	93.7	$	(267.3)	$	(140.4)	$	25.0	$	(202.7)	$	25.4
Outside the United States	61.7		73.5		104.7		61.6		73.5		104.7
Income (loss) from operations before income taxes	$	155.4	$	(193.8)	$	(35.7)	$	86.6	$	(129.2)	$	130.1

Schedule of Components of Income Tax Expense

The components of income tax expense for the years ended September 30, 2020, 2019 and 2018 are as follows:


	SBH						SB/RH
(in millions)	2020		2019		2018		2020		2019		2018
Current tax expense (benefit):
U.S. Federal	$	0.4	$	(47.6)	$	58.1	$	0.4	$	(47.6)	$	58.4
Foreign	23.2		44.3		34.7		23.2		44.3		34.7
State and local	0.5		2.7		1.0		0.5		2.7		1.0
Total current tax expense (benefit)	24.1		(0.6)		93.8		24.1		(0.6)		94.1
Deferred tax expense (benefit):
U.S. Federal	37.9		9.9		(539.7)		23.7		24.3		(170.0)
Foreign	(10.6)		(4.9)		3.1		(10.6)		(4.9)		3.0
State and local	19.5		(11.5)		(19.9)		20.9		(8.1)		(3.9)
Total deferred tax expense (benefit)	46.8		(6.5)		(556.5)		34.0		11.3		(170.9)
Income tax expense (benefit)	$	70.9	$	(7.1)	$	(462.7)	$	58.1	$	10.7	$	(76.8)

Schedule of Reconciliation of Income Tax Expense


	SBH						SB/RH
(in millions)	2020		2019		2018		2020		2019		2018
U.S. Statutory federal income tax expense (benefit)	$	32.6	$	(40.7)	$	(8.8)	$	18.2	$	(27.1)	$	31.9
Permanent items	14.2		3.7		7.6		14.2		3.8		(3.5)
Goodwill impairment	2.8		12.2		—		2.8		12.2		—
Foreign statutory rate vs. U.S. statutory rate	(15.4)		(10.3)		3.0		(15.4)		(10.3)		3.0
State income taxes, net of federal effect	4.8		(14.2)		(2.9)		2.3		(11.1)		(1.9)
State effective rate change	7.2		4.6		—		7.8		4.6		—
Tax reform act - U.S. rate change	—		—		(166.7)		—		—		(181.7)
Global intangible low tax income inclusion	6.0		8.6		—		6.0		8.6		—
Foreign dividend received deduction tax law change	—		95.9		—		—		95.9		—
Tax reform act - mandatory repatriation	—		(48.0)		73.1		—		(48.0)		73.1
Residual tax on foreign earnings	6.5		1.5		5.9		6.5		1.5		5.9
Change in valuation allowance	9.9		(29.9)		(365.6)		9.8		(29.9)		(0.3)
Unrecognized tax (benefit) expense	(7.0)		6.2		(0.1)		(7.0)		6.2		(0.1)
Share based compensation adjustments	0.1		4.6		(5.5)		0.5		4.6		(0.5)
Research and development tax credits	(2.7)		(4.4)		(1.9)		(2.7)		(4.4)		(1.9)
Foreign rate differential on intercompany transfer of intangibles	4.6		—		—		4.6		—		—
Partnership outside basis adjustment	5.9		2.1		(8.3)		6.5		2.4		0.7
Return to provision adjustments and other, net	1.4		1.0		7.5		4.0		1.7		(1.5)
Income tax expense (benefit)	$	70.9	$	(7.1)	$	(462.7)	$	58.1	$	10.7	$	(76.8)

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2020 and 2019 are as follows:


	SBH				SB/RH
(in millions)	2020		2019		2020		2019
Deferred tax assets
Employee benefits	$	38.0	$	37.6	$	36.3	$	36.0
Restructuring	0.4		0.9		0.4		0.9
Inventories and receivables	19.7		16.8		19.7		16.8
Marketing and promotional accruals	14.9		10.6		14.9		10.6
Property, plant and equipment	27.3		5.9		27.3		5.9
Unrealized losses	19.8		12.8		19.8		12.8
Intangibles	13.6		19.0		13.6		19.0
Investment in subsidiaries	0.2		0.3		0.2		0.3
Net operating loss and other carry forwards	515.6		551.4		190.4		250.6
Other	40.3		32.7		39.2		31.9
Total deferred tax assets	689.8		688.0		361.8		384.8
Deferred tax liabilities
Property, plant and equipment	30.1		11.1		30.1		11.1
Unrealized gains	13.5		9.0		13.5		9.0
Intangibles	296.8		311.8		296.8		311.8
Investment in partnership	63.3		37.6		63.0		55.0
Taxes on unremitted foreign earnings	4.6		5.0		4.6		5.0
Other	17.2		10.9		17.2		10.8
Total deferred tax liabilities	425.5		385.4		425.2		402.7
Net deferred tax liabilities	264.3		302.6		(63.4)		(17.9)
Valuation allowance	(306.8)		(307.0)		(202.4)		(202.8)
Net deferred tax liabilities, net valuation allowance	$	(42.5)	$	(4.4)	$	(265.8)	$	(220.7)
Reported as:
Deferred charges and other	$	22.9	$	46.2	$	22.9	$	30.7
Deferred taxes (noncurrent liability)	65.4		50.6		288.7		251.4

Schedule of Unrecognized Tax Benefits

The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2020, 2019 and 2018:


(in millions)	2020		2019		2018
Unrecognized tax benefits, beginning of year	$	20.9	$	15.0	$	15.6
Gross increase – tax positions in prior period	2.1		5.3		0.9
Gross decrease – tax positions in prior period	(4.3)		(0.4)		(3.5)
Gross increase – tax positions in current period	2.8		3.5		2.5
Settlements	(1.9)		(1.1)		(0.3)
Lapse of statutes of limitations	(4.3)		(1.4)		(0.2)
Unrecognized tax benefits, end of year	$	15.3	$	20.9	$	15.0

Shareholders' Equity (Tables)

12 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of Activity of Common Stock Repurchase Program

The following summarizes the activity of common stock repurchases under the program for the year ended September 30, 2020 and 2019:


	2020					2019
(in millions except per share data)	Number of Shares Repurchased	Average Price Per Share		Amount		Number of Shares Repurchased	Average Price Per Share		Amount
Open Market Purchases	4.1	$	56.97	$	230.6	4.6	$	54.22	$	250.0
Private Purchases	0.1	62.30		9.2		0.3	56.02		18.5
ASR	2.0	61.47		124.8		—	—		—
Total Purchases	6.2	$	58.57	$	364.6	4.9	$	54.34	$	268.5

Share Based Compensation (Tables)

12 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Awards

The following is a summary of the authorized and available shares per the respective plans:


(number of shares, in millions)	Authorized	Available
HRG Group 2011 Omnibus Equity Award Plans	2.7	0.8
Harbinger Group, Inc. 2014 Warrant Plan	3.0	—
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan	7.1	0.2
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan	1.2	1.2

The following is a summary of HRG stock option awards, warrants, and restricted stock awards during the years ended September 30, 2020, 2019, and 2018:


	Stock Options					Warrants					Restricted Stock Awards
(in millions, except per share data)	Options	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Units	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Units	Weighted Average Exercise Price		Fair Value at Grant Date
As of September 30, 2017	4.0	$	9.69	$	3.88	0.6	$	13.13	$	3.22	0.1	$	13.36	$	1.9
Granted	—	—		—		—	—		—		0.1	16.85		0.4
Exercised	(2.5)	8.38		3.33		(0.6)	13.13		3.22		(0.2)	13.85		2.3
As of As of As of July 13, 2018	1.5	$	11.80	$	4.78	—	$	—	$	—	—	$	—	$	—
Vested and exercisable at September 30, 2020	0.2	$	73.96	$	4.82

Schedule of Share Based Compensation Expense

The following is a summary of the share based compensation expense for the years ended September 30, 2020, 2019 and 2018:


(in millions)	2020		2019		2018
SBH	$	37.7	$	49.2	$	11.9
SB/RH	$	36.4	$	47.6	$	8.8

Schedule of RSU Activity

The following is a summary of the RSU activity for the years ended September 30, 2020, 2019 and 2018:


	SBH					SB/RH
(in millions, except per share data)	Shares	Weighted Average Grant Date Fair Value		Fair Value at Grant Date		Shares	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
At September 30, 2017	0.8	$	114.67	$	87.2	0.7	$	116.32	$	82.4
Granted	0.4	102.96		45.9		0.4	102.92		44.4
Forfeited	(0.1)	115.08		(8.5)		(0.1)	115.08		(8.5)
Vested	(0.5)	113.07		(55.6)		(0.4)	114.07		(51.1)
At September 30, 2018	0.6	107.71		69.0		0.6	108.75		67.2
Granted	1.5	53.11		81.4		1.5	52.82		79.8
Forfeited	(0.7)	92.76		(63.7)		(0.7)	93.05		(63.5)
Vested	(0.2)	83.47		(19.7)		(0.2)	82.37		(18.5)
At September 30, 2019	1.2	53.58		67.0		1.2	53.22		65.0
Granted	0.9	61.72		55.6		0.9	61.68		54.3
Forfeited	(0.1)	60.79		(4.0)		(0.1)	60.79		(3.9)
Vested	(0.6)	57.80		(39.3)		(0.6)	57.29		(37.7)
At September 30, 2020	1.4	$	56.41	$	79.3	1.4	$	56.33	$	77.7

Schedule of Activity of RSUs Granted


	SBH					SB/RH
(in millions, except per share data)	Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date		Units	Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Time-based grants
Vesting in less than 24 months	0.3	$	62.33	$	18.6	0.3	$	62.25	$	17.3
Vesting in more than 24 months	0.1	62.80		8.4		0.1	62.80		8.4
Total time-based grants	0.4	$	62.48	$	27.0	0.4	$	62.43	$	25.7
Performance-based grants
Vesting in less than 24 months	0.1	53.19		4.8		0.1	53.19		4.8
Vesting in more than 24 months	0.4	62.88		23.8		0.4	62.88		23.8
Total performance-based grants	0.5	$	61.03	$	28.6	0.5	$	61.03	$	28.6
Total grants	0.9	$	61.72	$	55.6	0.9	$	61.68	$	54.3

Segment Information (Tables)

12 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Net Sales Relating to Segments

Net sales relating to the segments for the years ended September 30, 2020, 2019 and 2018 are as follows:


(in millions)	2020		2019		2018
HHI	$	1,342.1	$	1,355.7	$	1,377.7
HPC	1,107.6		1,068.1		1,110.4
GPC	962.6		870.2		820.5
H&G	551.9		508.1		500.1
Net sales	$	3,964.2	$	3,802.1	$	3,808.7

Schedule of Segment Information

Segment Adjusted EBITDA in relation to the Company’s reportable segments for SBH and SB/RH for the years ended September 30, 2020, 2019 and 2018, is as follows:


SBH (in millions)	2020		2019		2018
HHI	$	256.3	$	253.7	$	254.7
HPC	92.2		87.2		118.8
GPC	172.0		142.6		136.6
H&G	112.1		105.5		107.5
Total Segment Adjusted EBITDA	632.6		589.0		617.6
Corporate	52.4		22.0		36.3
Interest expense	144.5		222.1		264.0
Depreciation and amortization	148.5		180.8		125.3
Share and incentive based compensation	43.6		53.7		11.9
Restructuring and related charges	72.6		65.7		75.6
Transaction related charges	23.1		21.8		30.2
Loss on assets held for sale	26.8		—		—
Write-off from impairment of goodwill	—		116.0		—
Write-off from impairment of intangible assets	24.2		35.4		20.3
Loss on Energizer investment	16.8		12.1		—
Foreign currency loss on multicurrency divestiture loans	3.8		36.2		—
Legal and environmental remediation reserves	—		10.0		—
Inventory acquisition step-up	—		—		0.8
GPC safety recall	—		0.7		18.9
Spectrum merger related transaction charges	—		—		45.9
Non-recurring HRG operating costs	—		—		18.9
Salus	0.6		1.6		1.1
Salus CLO debt extinguishment	(76.2)		—		—
Other	(3.5)		4.7		4.1
Income (loss) from operations before income taxes	$	155.4	$	(193.8)	$	(35.7)


SB/RH (in millions)	2020		2019		2018
HHI	$	256.3	$	253.7	$	254.7
HPC	92.2		87.2		118.8
GPC	172.0		142.6		136.6
H&G	112.1		105.5		107.5
Total Segment Adjusted EBITDA	632.6		589.0		617.6
Corporate	47.4		20.7		35.9
Interest expense	144.0		162.0		167.0
Depreciation and amortization	148.5		180.8		124.6
Share and incentive based compensation	42.3		52.1		8.8
Restructuring and related charges	72.6		65.7		75.6
Transaction related charges	23.1		21.8		30.2
Loss on assets held for sale	26.8		—		—
Write-off from impairment of goodwill	—		116.0		—
Write-off from impairment of intangible assets	24.2		35.4		20.3
Loss on Energizer investment	16.8		12.1		—
Foreign currency loss on multicurrency divestiture loans	3.8		36.2		—
Legal and environmental remediation reserves	—		10.0		—
Inventory acquisition step-up	—		—		0.8
GPC safety recall	—		0.7		18.9
Other	(3.5)		4.7		5.4
Income (loss) from operations before income taxes	$	86.6	$	(129.2)	$	130.1

Schedule of Depreciation and Amortization Relating to Segments

Other financial information relating to the segments of SBH and SB/RH are as follows for the years ended September 30, 2020, 2019 and 2018 and as of September 30, 2020 and 2019:


	SBH						SB/RH
Depreciation and amortization (in millions)	2020		2019		2018		2020		2019		2018
HHI	$	33.9	$	33.5	$	40.0	$	33.9	$	33.5	$	40.0
HPC	35.2		64.6		8.8		35.2		64.6		8.8
GPC	44.4		48.8		42.3		44.4		48.8		42.3
H&G	20.4		19.3		18.8		20.4		19.3		18.8
Total segments	133.9		166.2		109.9		133.9		166.2		109.9
Corporate and shared operations	14.6		14.6		15.4		14.6		14.6		14.7
Total depreciation and amortization	$	148.5	$	180.8	$	125.3	$	148.5	$	180.8	$	124.6

Schedule of Capital Expenditures Relating to Segments


	SBH						SB/RH
Capital expenditures (in millions)	2020		2019		2018		2020		2019		2018
HHI	$	16.9	$	18.0	$	15.6	$	16.9	$	18.0	$	15.6
HPC	10.7		11.0		14.8		10.7		11.0		14.8
GPC	14.5		16.0		24.6		14.5		16.0		24.6
H&G	3.5		5.9		6.4		3.5		5.9		6.4
Total segment capital expenditures	45.6		50.9		61.4		45.6		50.9		61.4
Corporate and shared operations	15.4		7.5		14.5		15.4		7.5		14.5
Total capital expenditures	$	61.0	$	58.4	$	75.9	$	61.0	$	58.4	$	75.9

Segment Total Assets Relating to Segments


	SBH				SB/RH
Segment total assets (in millions)	2020		2019		2020		2019
HHI	$	1,786.5	$	1,611.0	$	1,786.5	$	1,611.0
HPC	825.3		833.6		825.3		833.6
GPC	1,200.4		1,275.4		1,200.4		1,275.4
H&G	546.1		538.6		546.1		538.6
Total segment assets	4,358.3		4,258.6		4,358.3		4,258.6
Corporate and shared operations	749.0		987.4		826.0		1,032.6
Total assets	$	5,107.3	$	5,246.0	$	5,184.3	$	5,291.2

Net Sales By Geographic Area

Net sales SBH and SB/RH for the years ended September 30, 2020, 2019 and 2018 and long-lived asset information as of September 30, 2020 and 2019 by geographic area are as follows:


	SBH and SB/RH
Net sales to external parties - Geographic Disclosure (in millions)	2020		2019		2018
United States	$	2,822.5	$	2,649.5	$	2,627.2
Europe/MEA	683.9		656.6		669.4
Latin America	182.3		205.4		212.1
North America - Other	171.2		168.5		173.9
Asia-Pacific	104.3		122.1		126.1
Net sales	$	3,964.2	$	3,802.1	$	3,808.7

Long-Lived Assets By Geographic Area


	SBH				SB/RH
Long-lived assets - Geographic Disclosure (in millions)	2020		2019		2020		2019
United States	$	354.7	$	308.3	$	354.7	$	308.3
Europe/MEA	58.3		83.0		58.3		83.0
Latin America	15.1		19.3		15.1		19.3
North America - Other	3.5		1.1		3.5		1.1
Asia-Pacific	68.7		41.2		68.7		41.2
Total long-lived assets	$	500.3	$	452.9	$	500.3	$	452.9

Earnings Per Share - SBH (Tables)

12 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

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, 2020, 2019 and 2018, are as follows:


(in millions, except per share amounts)	2020		2019		2018
Numerator
Net income (loss) from continuing operations attributable to controlling interest	$	83.8	$	(188.0)	$	356.5
Income from discontinued operations attributable to controlling interest	14.0		682.5		411.8
Net income attributable to controlling interest	$	97.8	$	494.5	$	768.3
Denominator
Weighted average shares outstanding - basic	44.7		50.7		36.9
Dilutive shares	0.20		—		0.10
Weighted average shares outstanding - diluted	44.9		50.7		37.0
Earnings per share
Basic earnings per share from continuing operations	$	1.88	$	(3.71)	$	9.64
Basic earnings per share from discontinued operations	0.31		13.47		11.15
Basic earnings per share	$	2.19	$	9.76	20.79
Diluted earnings per share from continuing operations	$	1.87	$	(3.71)	$	9.62
Diluted earnings per share from discontinued operations	0.31		13.47		11.12
Diluted earnings per share	$	2.18	$	9.76	$	20.74
Weighted average number of anti-dilutive shares excluded from denominator	—		0.2		—

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Results


	Quarter Ended
SBH 2020 (in millions, except per share)	September 30, 2020		June 28, 2020		March 29, 2020		December 29, 2019
Revenue	$	1,170.6	$	984.3	$	937.8	$	871.5
Gross profit	423.0		348.9		328.9		269.1
Net income (loss) attributable to controlling interest from continuing operations	43.7		137.1		(58.4)		(38.6)
Net income attributable to controlling interest from discontinued operations	1.7		8.0		1.4		2.8
Net income (loss) attributable to controlling interest	$	45.4	$	145.1	$	(57.0)	$	(35.8)
Basic earnings per share from continuing operations	$	1.01	$	3.19	$	(1.29)	$	(0.81)
Basic earnings per share from discontinued operations	0.04		0.18		0.03		0.06
Basic earnings per share	$	1.05	$	3.37	$	(1.26)	$	(0.75)
Diluted earnings per share from continuing operations	$	1.01	$	3.18	$	(1.29)	$	(0.81)
Diluted earnings per share from discontinued operations	0.04		0.18		0.03		0.06
Diluted earnings per share	$	1.05	$	3.36	$	(1.26)	$	(0.75)


	Quarter Ended
SBH 2019 (in millions, except per share)	September 30, 2019		June 30, 2019		March 31, 2019		December 30, 2018
Revenue	$	993.0	$	1,022.2	$	906.7	$	880.3
Gross profit	334.7		361.0		305.5		305.7
Net loss attributable to controlling interest from continuing operations	(79.0)		(24.7)		(55.0)		(29.3)
Net (loss) income attributable to controlling interest from discontinued operations	(16.7)		(1.2)		783.6		(83.2)
Net (loss) income attributable to controlling interest	$	(95.7)	$	(25.9)	$	728.6	$	(112.5)
Basic earnings per share from continuing operations	$	(1.62)	$	(0.51)	$	(1.06)	$	(0.56)
Basic earnings per share from discontinued operations	(0.35)		(0.02)		15.13		(1.55)
Basic earnings per share	$	(1.97)	$	(0.53)	$	14.07	$	(2.11)
Diluted earnings per share from continuing operations	$	(1.62)	$	(0.51)	$	(1.06)	$	(0.56)
Diluted earnings per share from discontinued operations	(0.35)		(0.02)		15.13		(1.55)
Diluted earnings per share	$	(1.97)	$	(0.53)	$	14.07	$	(2.11)

SB/RH Holdings, LLC


	Quarter Ended
SB/RH 2020 (in millions)	September 30, 2020		June 28, 2020		March 29, 2020		December 29, 2019
Revenue	$	1,170.6	$	984.3	$	937.8	$	871.5
Gross profit	423.0		348.9		328.9		269.1
Net income (loss) attributable to controlling interest from continuing operations	40.6		80.8		(55.8)		(37.7)
Net income attributable to controlling interest from discontinued operations	1.7		8.0		1.4		2.8
Net income (loss) attributable to controlling interest	$	42.3	$	88.8	$	(54.4)	$	(34.9)


	Quarter Ended
SB/RH 2019 (in millions)	September 30, 2019		June 30, 2019		March 31, 2019		December 30, 2018
Revenue	$	993.0	$	1,022.2	$	906.7	$	880.3
Gross profit	334.7		361.0		305.5		305.7
Net loss attributable to controlling interest from continuing operations	(79.7)		(28.9)		(13.4)		(19.2)
Net (loss) income attributable to controlling interest from discontinued operations	(16.7)		(1.2)		783.6		(83.2)
Net (loss) income attributable to controlling interest	$	(96.4)	$	(30.1)	$	770.2	$	(102.4)

Schedule of Error Corrections and Prior Period Adjustments


	September 30, 2019
SBH (in millions)	As reported		Adjustment		As Adjusted
Deferred charges and other	$	51.7	$	15.5	$	67.2
Total assets	5,230.5		15.5		5,246.0
Other current liabilities	216.0		(1.8)		214.2
Current liabilities	1,141.9		(1.8)		1,140.1
Deferred income taxes	55.9		(5.3)		50.6
Total liabilities	3,524.2		(7.1)		3,517.1
Accumulated earnings	201.2		22.6		223.8
Total shareholders' equity	1,698.3		22.6		1,720.9
Total equity	1,706.3		22.6		1,728.9
Total liabilities and equity	5,230.5		15.5		5,246.0


	September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Income tax payable	$	240.5	$	(1.8)	$	238.7
Current liabilities	1,356.0		(1.8)		1,354.2
Deferred income taxes	272.2		(20.8)		251.4
Total liabilities	3,879.1		(22.6)		3,856.5
Accumulated deficit	(437.3)		22.6		(414.7)
Total shareholder's equity	1,402.5		22.6		1,425.1
Total equity	1,412.1		22.6		1,434.7


	September 30, 2019
SBH (in millions, except per share)	As reported		Adjustment		As Adjusted


Income from discontinued operations, net of tax	$	659.9	$	22.6	$	682.5
Net income	473.2		22.6		495.8
Net income from discontinued operations attributable to controlling interest	659.9		22.6		682.5
Net income attributable to controlling interest	471.9		22.6		494.5
Basic earnings per share from discontinued operations	13.02		0.45		13.47
Basic earnings per share	9.31		0.45		9.76
Diluted earnings per share from discontinued operations	13.02		0.45		13.47
Diluted earnings per share	9.31		0.45		9.76


	September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Income from discontinued operations, net of tax	$	659.9	$	22.6	$	682.5
Net income	520.0		22.6		542.6
Net income from discontinued operations attributable to controlling interest	659.9		22.6		682.5
Net income attributable to controlling interest	518.7		22.6		541.3

The following summarizes the impact to the net income on the Company’s consolidated financial statements for the three month period ended September 30, 2019:


	Three Month Period Ended September 30, 2019
SBH (in millions, except per share)	As reported		Adjustment		As Adjusted


Net loss attributable to controlling interest from discontinued operations	$	(39.3)	$	22.6	$	(16.7)
Net loss attributable to controlling interest	(118.3)		22.6		(95.7)
Basic earnings per share from discontinued operations	(0.81)		0.46		(0.35)
Basic earnings per share	(2.43)		0.46		(1.97)
Diluted earnings per share from discontinued operations	(0.81)		0.46		(0.35)
Diluted earnings per share	(2.43)		0.46		(1.97)


	Three Month Period Ended September 30, 2019
SB/RH (in millions)	As reported		Adjustment		As Adjusted


Net (loss) income attributable to controlling interest from discontinued operations	$	(39.3)	$	22.6	$	(16.7)
Net (loss) income attributable to controlling interest	(119.0)		22.6		(96.4)

Description of Business - Narrative (Details)	12 Months Ended
Description of Business - Narrative (Details)	Sep. 30, 2020 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of segments	4

Significant Accounting Policies and Practices - Narrative (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Oct. 01, 2019	Jun. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Significant Accounting Policies [Line Items]
Impairment loss recognized on definite-lived tangible assets			$ 7.6
Debt issuance costs			(36.5)	$ (33.0)
Expected returns liability			23.1	19.2
Shipping and handling costs			258.1	253.7	$ 251.2
Advertising costs			$ 49.8	34.2	26.0
Percentage greater than the largest amount of recognized income tax positions which likely of being realized			50.00%
Exchange losses on foreign currency transactions			$ 10.7	41.2	7.1
Income from discontinued operations, net of tax			14.0	682.5	445.0
Adjustment for error corrections			1,415.8	$ 1,728.9	1,589.6	$ 1,946.9
Accounting Standards Update [Extensible List]				us-gaap:AccountingStandardsUpdate201602Member
Operating lease assets			103.8
Lease liabilities			$ 111.2
Operating leases			4.68%
Accumulated Earnings
Significant Accounting Policies [Line Items]
Income from discontinued operations, net of tax			$ 14.0	$ 682.5	411.8
Adjustment for error corrections			243.9	223.8	(180.1)	(925.9)
Adjustment \| Return-To-Provision Adjustments
Significant Accounting Policies [Line Items]
Income from discontinued operations, net of tax		$ 22.6		22.6
Adjustment for error corrections				22.6
Accounting Standards Update 2016-02
Significant Accounting Policies [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
Operating lease assets	$ 107.5
Lease liabilities	113.0
Deferred taxes	$ 29.7
Operating leases	4.60%
Accounting Standards Update 2018-02
Significant Accounting Policies [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201802Member
Reclassification from AOCI to retained earnings	$ 0.3
SB/RH
Significant Accounting Policies [Line Items]
Debt issuance costs			(36.5)	(31.5)
Income from discontinued operations, net of tax			14.0	682.5	(24.0)
Adjustment for error corrections			1,265.2	1,434.7	1,611.7	1,835.4
Operating lease assets			103.8
SB/RH \| Accumulated Earnings
Significant Accounting Policies [Line Items]
Income from discontinued operations, net of tax			14.0	682.5	(24.0)
Adjustment for error corrections			$ (614.2)	(414.7)	$ (235.5)	$ (42.8)
SB/RH \| Adjustment \| Return-To-Provision Adjustments
Significant Accounting Policies [Line Items]
Income from discontinued operations, net of tax				22.6
Adjustment for error corrections				$ 22.6

Significant Accounting Policies and Practices - Useful Lives for Property, Plant and Equipment (Details)	12 Months Ended
	Sep. 30, 2020
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful lives	20 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful lives	2 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful lives	40 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful lives	15 years

Significant Accounting Policies and Practices - Schedule of Range and Weighted Average Useful Lives for Definite-Lived Intangible Assets (Details)	12 Months Ended
	Sep. 30, 2020
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average	18 years 6 months
Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average	11 years 8 months 12 days
Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average	10 years 6 months
Minimum \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Range	5 years
Minimum \| Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Range	5 years
Minimum \| Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Range	5 years
Maximum \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Range	20 years
Maximum \| Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Range	18 years
Maximum \| Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Range	13 years

Significant Accounting Policies and Practices - Summary Of Transactions Related Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Total transaction-related charges	$ 23.1	$ 21.8	$ 30.2
Coevorden operations divestiture
Business Acquisition [Line Items]
Total transaction-related charges	5.5	0.0	0.0
GBL post divestiture separation
Business Acquisition [Line Items]
Total transaction-related charges	10.2	9.5	0.0
HPC divestiture
Business Acquisition [Line Items]
Total transaction-related charges	3.9	7.3	14.9
PetMatrix integration
Business Acquisition [Line Items]
Total transaction-related charges	0.0	0.0	4.9
Omega Sea acquisition
Business Acquisition [Line Items]
Total transaction-related charges	1.6	0.0	0.0
Other integration
Business Acquisition [Line Items]
Total transaction-related charges	$ 1.9	$ 5.0	$ 10.4

Significant Accounting Policies and Practices - Error Corrections Impact on Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred charges and other	$ 48.3	$ 67.2
Total assets	5,107.3	5,246.0
Other current liabilities	205.6	214.2
Current liabilities	944.9	1,140.1
Deferred income taxes	65.4	50.6
Total liabilities	3,691.5	3,517.1
Accumulated earnings	243.9	223.8
Total shareholders' equity	1,407.5	1,720.9
Total equity	1,415.8	1,728.9	$ 1,589.6	$ 1,946.9
Total liabilities and equity	5,107.3	5,246.0
SB/RH
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred charges and other	48.3	51.7
Total assets	5,184.3	5,291.2
Other current liabilities	195.7	182.7
Income tax payable	7.3	238.7
Current liabilities	942.3	1,354.2
Deferred income taxes	288.7	251.4
Total liabilities	3,919.1	3,856.5
Accumulated earnings	(614.2)	(414.7)
Total shareholders' equity	1,255.3	1,425.1
Total equity	1,265.2	1,434.7	$ 1,611.7	$ 1,835.4
Total liabilities and equity	$ 5,184.3	5,291.2
As reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred charges and other		51.7
Total assets		5,230.5
Other current liabilities		216.0
Current liabilities		1,141.9
Deferred income taxes		55.9
Total liabilities		3,524.2
Accumulated earnings		201.2
Total shareholders' equity		1,698.3
Total equity		1,706.3
Total liabilities and equity		5,230.5
As reported \| SB/RH
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income tax payable		240.5
Current liabilities		1,356.0
Deferred income taxes		272.2
Total liabilities		3,879.1
Accumulated earnings		(437.3)
Total shareholders' equity		1,402.5
Total equity		1,412.1
Adjustment \| Return-To-Provision Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred charges and other		15.5
Total assets		15.5
Other current liabilities		(1.8)
Current liabilities		(1.8)
Deferred income taxes		(5.3)
Total liabilities		(7.1)
Accumulated earnings		22.6
Total shareholders' equity		22.6
Total equity		22.6
Total liabilities and equity		15.5
Adjustment \| SB/RH \| Return-To-Provision Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income tax payable		(1.8)
Current liabilities		(1.8)
Deferred income taxes		(20.8)
Total liabilities		(22.6)
Accumulated earnings		22.6
Total shareholders' equity		22.6
Total equity		$ 22.6

Significant Accounting Policies and Practices - Error Corrections Impact on Income Statement (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended									12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations	$ 1.7	$ 8.0	$ 1.4	$ 2.8	$ (16.7)	$ (1.2)	$ 783.6	$ (83.2)		$ 14.0	$ 682.5	$ 411.8
Net loss attributable to controlling interest	$ 45.4	$ 145.1	$ (57.0)	$ (35.8)	$ (95.7)	$ (25.9)	$ 728.6	$ (112.5)		97.8	494.5	768.3
Net income									$ 872.0	98.5	495.8	872.0
Income from discontinued operations, net of tax										$ 14.0	$ 682.5	$ 445.0
Basic earnings per share from discontinued operations (in dollars per share)	$ 0.04	$ 0.18	$ 0.03	$ 0.06	$ (0.35)	$ (0.02)	$ 15.13	$ (1.55)		$ 0.31	$ 13.47	$ 11.15
Basic earnings per share (in dollars per share)	1.05	3.37	(1.26)	(0.75)	(1.97)	(0.53)	14.07	(2.11)		2.19	9.76	20.79
Diluted earnings per share from discontinued operations (in dollars per share)	0.04	0.18	0.03	0.06	(0.35)	(0.02)	15.13	(1.55)		0.31	13.47	11.12
Diluted earnings per share (in dollars per share)	$ 1.05	$ 3.36	$ (1.26)	$ (0.75)	$ (1.97)	$ (0.53)	$ 14.07	$ (2.11)		$ 2.18	$ 9.76	$ 20.74
SB/RH
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations		$ 8.0	$ 1.4	$ 2.8	$ (16.7)	$ (1.2)	$ 783.6	$ (83.2)		$ 14.0	$ 682.5	$ (24.0)
Net loss attributable to controlling interest		88.8	$ (54.4)	$ (34.9)	(96.4)	$ (30.1)	$ 770.2	$ (102.4)		41.8	541.3	181.5
Net income										42.5	542.6	182.9
Income from discontinued operations, net of tax										$ 14.0	682.5	$ (24.0)
As reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations					(39.3)
Net loss attributable to controlling interest					$ (118.3)						471.9
Net income											473.2
Income from discontinued operations, net of tax											$ 659.9
Basic earnings per share from discontinued operations (in dollars per share)					$ (0.81)						$ 13.02
Basic earnings per share (in dollars per share)					(2.43)						9.31
Diluted earnings per share from discontinued operations (in dollars per share)					(0.81)						13.02
Diluted earnings per share (in dollars per share)					$ (2.43)						$ 9.31
As reported \| SB/RH
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations					$ (39.3)
Net loss attributable to controlling interest					(119.0)						$ 518.7
Net income											520.0
Income from discontinued operations, net of tax											659.9
Adjustment \| Return-To-Provision Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations					22.6
Net loss attributable to controlling interest					$ 22.6						22.6
Net income											22.6
Income from discontinued operations, net of tax		$ 22.6									$ 22.6
Basic earnings per share from discontinued operations (in dollars per share)					$ 0.46						$ 0.45
Basic earnings per share (in dollars per share)					0.46						0.45
Diluted earnings per share from discontinued operations (in dollars per share)					0.46						0.45
Diluted earnings per share (in dollars per share)					$ 0.46						$ 0.45
Adjustment \| SB/RH \| Return-To-Provision Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations					$ 22.6
Net loss attributable to controlling interest					$ 22.6						$ 22.6
Net income											22.6
Income from discontinued operations, net of tax											$ 22.6

Divestitures - Summary of Components of Income from Discontinued Operations, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax									$ 14.0	$ 682.5	$ 445.0
Income from discontinued operations, net of tax attributable to controlling interest	$ 1.7	$ 8.0	$ 1.4	$ 2.8	$ (16.7)	$ (1.2)	$ 783.6	$ (83.2)	14.0	682.5	411.8
Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations before income taxes									4.1	859.2	466.3
Income tax (benefit) expense from discontinued operations									(9.9)	176.7	21.3
Income from discontinued operations, net of tax									14.0	682.5	445.0
Income from discontinued operations, net of tax attributable to noncontrolling interest									0.0	0.0	33.2
Income from discontinued operations, net of tax attributable to controlling interest									14.0	682.5	411.8
Discontinued Operations, Held-for-sale or Disposed of by Sale \| Global Battery And Lighting
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations before income taxes									4.2	974.9	21.8
Discontinued Operations, Held-for-sale or Disposed of by Sale \| Global Auto Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations before income taxes									(0.1)	(115.7)	(31.9)
Discontinued Operations, Held-for-sale or Disposed of by Sale \| HRG Insurance Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations before income taxes									$ 0.0	$ 0.0	$ 476.4

Divestitures - Narrative (Details) $ / shares in Units, € in Millions					12 Months Ended
	Jan. 02, 2020 USD ($)	Jan. 28, 2019 USD ($)	Jan. 02, 2019 USD ($)	Nov. 30, 2017 USD ($) $ / shares	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Mar. 29, 2020 USD ($)	Jan. 02, 2020 EUR (€)	Jun. 30, 2019 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax benefit					$ (70,900,000)	$ 7,100,000	$ 462,700,000
Loss on assets held for sale					26,800,000	0	0
FGL Merger
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reclassification of accumulated other comprehensive income to income from discontinued operations							445,900,000
Income tax benefit							5,900,000
Global Battery And Lighting
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale			$ 989,800,000
Transaction costs associated with the divestiture						12,900,000	60,700,000
Indemnifications, acquisition agreement					50,200,000
Global Battery And Lighting \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale						989,800,000
Depreciation and amortization expense					0
Global Battery And Lighting \| Discontinued Operations, Held-For-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale							0
Depreciation and amortization expense							8,300,000
Global Battery And Lighting \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Tax benefit to discontinued operations					10,500,000
Global Battery And Lighting \| Other Current Liabilities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net settlement payable					33,000,000.0
Global Battery And Lighting \| Other long term liabilities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net settlement payable					17,200,000
Global Auto Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stock consideration, value		$ 242,100,000
Global Auto Care \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction costs associated with the divestiture						8,800,000
Depreciation and amortization expense						1,400,000
Write-down of assets of business held for sale to fair value less cost to sell						(111,000,000.0)
Global Auto Care \| Discontinued Operations, Held-For-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization expense							16,300,000
Write-down of assets of business held for sale to fair value less cost to sell							$ (92,500,000)
Global Auto Care \| Other long term liabilities \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnifications, acquisition agreement					1,400,000
Fidelity And Guaranty Life \| FGL Merger \| Discontinued Operations, Held-For-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction costs associated with the divestiture				$ 1,488,300,000
Share price (in dollars per share) \| $ / shares				$ 31.10
Coevorden Operations \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price, cash								$ 29,000,000.0
Goodwill								$ 10,600,000
Loss on assets held for sale					26,800,000
Energizer \| Global Battery And Lighting
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price			1,956,200,000
Target sale price			600,000,000
Purchase price adjustment			$ 200,000,000
Contingent obligation					$ 197,000,000
Energizer \| Global Battery And Lighting \| Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Potential downward adjustment, percentage			75.00%
Potential upward adjustment, percentage			25.00%
Energizer \| Varta
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price \| €									€ 180
Transaction costs associated with the divestiture	$ 200,000,000
Energizer \| Global Auto Care \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price, cash		938,700,000
Write-down of assets of business held for sale to fair value less cost to sell						$ 111,000,000.0
Energizer \| Global Auto Care \| Common Stock \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stock consideration, value		$ 242,100,000
CF Entities \| FS Holdco \| Discontinued Operations, Held-For-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payment for exercised the 338 Tax Election										$ 26,600,000
CF Entities \| Front Street RE Cayman Ltd \| Discontinued Operations, Held-For-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction costs associated with the divestiture				$ 65,000,000
Amount of purchase price deposited in escrow				$ 6,500,000
Escrow deposit period				15 months

Divestitures - Summary of Components of Income from Discontinued Operations before Income Taxes (Details) - USD ($) $ in Millions		12 Months Ended
	Jan. 02, 2019	Sep. 30, 2019	Sep. 30, 2018
Global Battery And Lighting
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale	$ (989.8)
Discontinued Operations, Disposed of by Sale \| Global Battery And Lighting
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		$ 249.0
Cost of goods sold		164.6
Gross profit		84.4
Operating expenses		57.0
Operating income (loss)		27.4
Interest expense		23.3
Other non-operating expense, net		0.5
Gain on sale		(989.8)
Reclassification of accumulated other comprehensive income		18.5
(Loss) Income from discontinued operations before income taxes		974.9
Discontinued Operations, Disposed of by Sale \| Global Auto Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		87.7
Cost of goods sold		52.5
Gross profit		35.2
Operating expenses		35.7
Operating income (loss)		(0.5)
Interest expense		0.7
Other non-operating expense, net		0.2
Write-down of assets of business held for sale to fair value less cost to sell		111.0
Reclassification of accumulated other comprehensive income		3.3
(Loss) Income from discontinued operations before income taxes		$ (115.7)
Discontinued Operations, Held-For-Sale \| Global Battery And Lighting
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales			$ 870.5
Cost of goods sold			553.2
Gross profit			317.3
Operating expenses			241.0
Operating income (loss)			76.3
Interest expense			53.5
Other non-operating expense, net			1.0
Gain on sale			0.0
Reclassification of accumulated other comprehensive income			0.0
(Loss) Income from discontinued operations before income taxes			21.8
Discontinued Operations, Held-For-Sale \| Global Auto Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales			465.6
Cost of goods sold			284.9
Gross profit			180.7
Operating expenses			117.8
Operating income (loss)			62.9
Interest expense			2.1
Other non-operating expense, net			0.2
Write-down of assets of business held for sale to fair value less cost to sell			92.5
Reclassification of accumulated other comprehensive income			0.0
(Loss) Income from discontinued operations before income taxes			$ (31.9)

Divestitures - Summary of Components of Income From HRG Insurance Discontinued Operations (Details) - Discontinued Operations, Disposed of by Sale - HRG Insurance Operations $ in Millions	12 Months Ended
	Sep. 30, 2018 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 378.6
Total operating costs and expenses	329.9
Operating income (loss)	48.7
Interest expense and other	4.0
Write-down of assets of business held for sale to fair value less cost to sell	(14.2)
Reclassification of accumulated other comprehensive income	445.9
(Loss) Income from discontinued operations before income taxes	476.4
Net investment income
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	181.9
Net investment gains
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	154.8
Other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	35.1
Benefits and other changes in policy reserves
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total operating costs and expenses	241.3
Selling, acquisition, operating and general expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total operating costs and expenses	52.8
Amortization of intangibles
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total operating costs and expenses	35.8
Insurance premiums
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 6.8

Acquisitions - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions				12 Months Ended
	Oct. 26, 2020	Mar. 10, 2020	Jul. 13, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Goodwill				$ 1,332.0	$ 1,328.1	$ 1,454.7
Par value (in dollars per share)				$ 0.01	$ 0.01
Upward adjustment			$ 200.0
General and administrative expenses				$ 337.8	$ 354.6	335.8
GPC
Business Acquisition [Line Items]
Goodwill				$ 431.6	$ 430.4	435.9
Omega Sea acquisition
Business Acquisition [Line Items]
Purchase price		$ 16.9
Omega Sea acquisition \| GPC
Business Acquisition [Line Items]
Indefinite lived intangible assets		4.4
Goodwill		$ 8.6
Spectrum Merger
Business Acquisition [Line Items]
Par value (in dollars per share)			$ 0.01
General and administrative expenses						$ 45.9
Armitage \| Subsequent Event
Business Acquisition [Line Items]
Purchase price	$ 187.0

Restructuring and Related Charges - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2018	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Future costs to be incurred	$ 31.0
Global Productivity Improvement Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges	132.5
Future costs to be incurred	$ 31.0
HHI Distribution Center Consolidation
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		$ 81.7
GPC Rightsizing Initiative
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges			$ 20.3

Restructuring and Related Charges - Summary of Restructuring and Related Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 72.6	$ 65.7	$ 75.6
Global productivity improvement program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	71.6	60.9	0.0
HHI distribution center consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.0	2.3	52.0
GPC rightsizing initiative
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.0	0.0	12.1
Other restructuring activities
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.0	2.5	11.5
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	14.3	2.8	3.6
Operating expense
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 58.3	$ 62.9	$ 72.0

Restructuring and Related Charges - Summary of Costs Incurred and Cumulative Costs by Cost Type (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 72.6	$ 65.7	$ 75.6
Cumulative costs	132.5
Future costs to be incurred	31.0
Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	12.8	9.8	7.8
Cumulative costs	22.8
Future costs to be incurred	5.8
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	59.8	$ 55.9	$ 67.8
Cumulative costs	109.7
Future costs to be incurred	$ 25.2

Restructuring and Related Charges - Rollforward of Restructuring Accrual (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	$ 33.6	$ 7.8
Provisions	46.0	34.6
Cash expenditures	(64.9)	(7.1)
Non-cash items	0.0	(1.7)
Accrual balance at ending	10.5	$ 33.6
Accounting Standards Update [Extensible List]		us-gaap:AccountingStandardsUpdate201602Member
Cumulative Effect, Period of Adoption, Adjustment
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	(4.2)
Accrual balance at ending		$ (4.2)
Termination Benefits
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	6.6	3.1
Provisions	4.3	7.9
Cash expenditures	(7.1)	(3.8)
Non-cash items	0.3	(0.6)
Accrual balance at ending	4.1	6.6
Termination Benefits \| Cumulative Effect, Period of Adoption, Adjustment
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	0.0
Accrual balance at ending		0.0
Other Costs
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	27.0	4.7
Provisions	41.7	26.7
Cash expenditures	(57.8)	(3.3)
Non-cash items	(0.3)	(1.1)
Accrual balance at ending	6.4	27.0
Other Costs \| Cumulative Effect, Period of Adoption, Adjustment
Restructuring Reserve [Roll Forward]
Accrual balance at beginning	$ (4.2)
Accrual balance at ending		$ (4.2)

- Definition

Indicates amendment to accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Restructuring and Related Charges - Summary of Costs Incurred by Reporting Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 72.6	$ 65.7	$ 75.6
Cumulative costs	132.5
Future costs to be incurred	31.0
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	45.7	43.5	8.1
Cumulative costs	88.2
Future costs to be incurred	22.2
HHI \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1.0	4.7	52.8
Cumulative costs	1.5
Future costs to be incurred	0.8
HPC \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	4.6	8.1	0.7
Cumulative costs	12.6
Future costs to be incurred	3.6
GPC \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	20.8	7.6	13.2
Cumulative costs	28.0
Future costs to be incurred	2.3
H&G \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.5	$ 1.8	$ 0.8
Cumulative costs	2.2
Future costs to be incurred	$ 2.1

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,170.6	$ 984.3	$ 937.8	$ 871.5	$ 993.0	$ 1,022.2	$ 906.7	$ 880.3	$ 3,964.2	$ 3,802.1	$ 3,808.7
Three Customers \| Customer Concentration Risk \| Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
Concentration risk									34.80%	34.40%	31.30%
Licensing
Disaggregation of Revenue [Line Items]
Revenue									$ 20.4	$ 19.5
Other
Disaggregation of Revenue [Line Items]
Revenue									4.2	4.7
NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									2,974.4	2,799.2
EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									679.9	652.7
LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									181.2	204.4
APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									104.1	121.6
HHI
Disaggregation of Revenue [Line Items]
Revenue									1,342.1	1,355.7
HHI \| Licensing
Disaggregation of Revenue [Line Items]
Revenue									1.0	1.3
HHI \| Other
Disaggregation of Revenue [Line Items]
Revenue									0.0	0.0
HHI \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									1,305.2	1,282.5
HHI \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									0.0	0.8
HHI \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									33.3	47.1
HHI \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									2.6	24.0
HPC
Disaggregation of Revenue [Line Items]
Revenue									1,107.6	1,068.1
HPC \| Licensing
Disaggregation of Revenue [Line Items]
Revenue									9.0	9.7
HPC \| Other
Disaggregation of Revenue [Line Items]
Revenue									0.0	0.0
HPC \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									458.7	428.6
HPC \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									447.3	429.3
HPC \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									126.8	139.5
HPC \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									65.8	61.0
GPC
Disaggregation of Revenue [Line Items]
Revenue									962.6	870.2
GPC \| Licensing
Disaggregation of Revenue [Line Items]
Revenue									8.3	6.8
GPC \| Other
Disaggregation of Revenue [Line Items]
Revenue									4.2	4.7
GPC \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									667.4	586.1
GPC \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									232.6	222.6
GPC \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									14.4	13.4
GPC \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									35.7	36.6
H&G
Disaggregation of Revenue [Line Items]
Revenue									551.9	508.1
H&G \| Licensing
Disaggregation of Revenue [Line Items]
Revenue									2.1	1.7
H&G \| Other
Disaggregation of Revenue [Line Items]
Revenue									0.0	0.0
H&G \| NA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									543.1	502.0
H&G \| EMEA \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									0.0	0.0
H&G \| LATAM \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									6.7	4.4
H&G \| APAC \| Product Sales
Disaggregation of Revenue [Line Items]
Revenue									$ 0.0	$ 0.0

Revenue Recognition - Rollforward of Allowance for Product Returns (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Allowance For Product Returns [Roll Forward]
Beginning Balance	$ 19.2	$ 20.9	$ 20.3
Charged to Profit & Loss	36.9	33.4	30.3
Deductions	(33.3)	(34.4)	(31.8)
Other Adjustments	0.3	(0.7)	2.1
Ending Balance	$ 23.1	$ 19.2	$ 20.9

Fair Value of Financial Instruments - Schedule of Carrying Values and Fair Values for Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 66.9	$ 230.8
Derivative Assets	1.2	9.5
Derivative Liabilities	14.2	2.3
Debt	2,595.4	2,468.8
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0.0	230.8
Derivative Assets	0.0	9.5
Derivative Liabilities	0.0	2.3
Debt	2,476.3	2,351.3
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	66.9	230.8
Derivative Assets	0.0	0.0
Derivative Liabilities	0.0	0.0
Debt	0.0	0.0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0.0	0.0
Derivative Assets	1.2	9.5
Derivative Liabilities	14.2	2.3
Debt	2,595.4	2,468.8
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0.0	0.0
Derivative Assets	0.0	0.0
Derivative Liabilities	0.0	0.0
Debt	0.0	0.0
SB/RH \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	2,595.4	2,391.8
SB/RH \| Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	2,476.3	2,276.0
SB/RH \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	0.0	0.0
SB/RH \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	2,595.4	2,391.8
SB/RH \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 0.0	$ 0.0

Fair Value of Financial Instruments - Narrative (Details) - USD ($) shares in Millions, $ in Millions		12 Months Ended
	Jan. 28, 2019	Sep. 30, 2020	Sep. 30, 2019
Fair Value Of Financial Instruments [Line Items]
Dividend income from equity investments		$ 5.0	$ 4.8
Common Stock
Fair Value Of Financial Instruments [Line Items]
Unrealized loss on investment		3.6
Dividend income from equity investments		$ 147.1
Shares of common stock held (in shares)		1.7
Global Auto Care
Fair Value Of Financial Instruments [Line Items]
Stock consideration, value	$ 242.1
Global Auto Care \| Common Stock
Fair Value Of Financial Instruments [Line Items]
Stock consideration (in shares)	5.3

Fair Value of Financial Instruments - Summary of Income Recognized from Equity Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized loss on equity investments held	$ (7.5)	$ (12.1)	$ 0.0
Realized loss on equity investments sold	(9.3)	0.0	0.0
Loss on equity investments	(16.8)	(12.1)	$ 0.0
Dividend income from equity investments	5.0	4.8
Loss from equity investments	$ (11.8)	$ (7.3)

Receivables - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Receivables - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Receivables [Line Items]
Allowance for uncollectible receivables	$ 6.4	$ 4.9	$ 4.0	$ 6.1
Aggregate gross amount factored, trade receivable	1,554.5	1,649.3	1,675.3
Factoring costs	$ 5.7	$ 9.4	$ 9.4
Two Customers \| Trade Receivable \| Customer Concentration Risk
Receivables [Line Items]
Concentration risk	28.00%
Three Customers \| Trade Receivable \| Customer Concentration Risk
Receivables [Line Items]
Concentration risk		30.00%

Receivables - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 4.9	$ 4.0	$ 6.1
Charged to Profit & Loss	2.3	2.7	2.9
Deductions	(0.7)	(2.2)	(3.5)
Other Adjustments	(0.1)	0.4	(1.5)
Ending Balance	$ 6.4	$ 4.9	$ 4.0

Inventory - Schedule Of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 67.8	$ 66.2
Work-in-process	60.8	46.4
Finished goods	429.1	435.8
Inventories	$ 557.7	$ 548.4

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 885.4	$ 913.9
Accumulated depreciation	(488.9)	(461.0)
Property, plant and equipment, net	396.5	452.9
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment	134.8	161.4
Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment	520.0	523.6
Capital leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment	200.8	197.2
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 29.8	$ 31.7

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 29, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense		$ 80.6	$ 97.4	$ 72.3
HPC
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 13.5

Goodwill and Intangible Assets - Changes in the Carrying Amount of Goodwill by Reporting Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Goodwill [Roll Forward]
Goodwill, beginning	$ 1,328.1	$ 1,454.7
Foreign currency impact	5.9	(9.7)
Impairment	0.0	(116.0)	$ 0.0
Deferred tax impact		0.9
Omega Sea acquisition	8.6
Allocated to Assets Held for Sale-Coevorden Operations	(10.6)
Goodwill, ending	1,332.0	1,328.1	1,454.7
HHI
Goodwill [Roll Forward]
Goodwill, beginning	702.1	704.3
Foreign currency impact	2.7	(2.2)
Impairment		0.0
Deferred tax impact		0.0
Omega Sea acquisition	0.0
Allocated to Assets Held for Sale-Coevorden Operations	0.0
Goodwill, ending	704.8	702.1	704.3
GPC
Goodwill [Roll Forward]
Goodwill, beginning	430.4	435.9
Foreign currency impact	3.2	(5.5)
Impairment		0.0
Deferred tax impact		0.0
Omega Sea acquisition	8.6
Allocated to Assets Held for Sale-Coevorden Operations	(10.6)
Goodwill, ending	431.6	430.4	435.9
H&G
Goodwill [Roll Forward]
Goodwill, beginning	195.6	196.5
Foreign currency impact	0.0	0.0
Impairment		0.0
Deferred tax impact		0.9
Omega Sea acquisition	0.0
Allocated to Assets Held for Sale-Coevorden Operations	0.0
Goodwill, ending	195.6	195.6	196.5
HPC
Goodwill [Roll Forward]
Goodwill, beginning	0.0	118.0
Foreign currency impact	0.0	(2.0)
Impairment		(116.0)
Deferred tax impact		0.0
Omega Sea acquisition	0.0
Allocated to Assets Held for Sale-Coevorden Operations	0.0
Goodwill, ending	$ 0.0	$ 0.0	$ 118.0

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Intangible Assets [Line Items]
Impairment of goodwill	$ 0.0	$ 116.0	$ 0.0
Impairment of indefinite lived intangible assets	24.2	35.4	20.3
Impairment loss recognized on definite-lived tangible assets	7.6
Amortization expense	68.0	83.4	$ 53.0
Coevorden Operations
Intangible Assets [Line Items]
Impairment loss recognized on definite-lived tangible assets	$ 7.6
HHI
Intangible Assets [Line Items]
Percentage of reporting units exceeded carrying values by	32.00%
Impairment of goodwill		0.0
GPC
Intangible Assets [Line Items]
Percentage of reporting units exceeded carrying values by	52.00%
Impairment of goodwill		0.0
H&G
Intangible Assets [Line Items]
Percentage of reporting units exceeded carrying values by	134.00%
Impairment of goodwill		0.0
HHI, GPC, and H&G
Intangible Assets [Line Items]
Impairment of goodwill	$ 0.0
HPC
Intangible Assets [Line Items]
Impairment of goodwill		116.0
Amortization expense	15.5
Tradenames
Intangible Assets [Line Items]
Indefinite-lived intangible assets	1,007.5	1,011.1
Tradenames \| Coevorden Operations
Intangible Assets [Line Items]
Impairment of indefinite lived intangible assets	16.6
Indefinite-lived intangible assets	$ 136.9
Tradenames \| HPC
Intangible Assets [Line Items]
Impairment of indefinite lived intangible assets		18.8
Tradenames \| GPC
Intangible Assets [Line Items]
Impairment of indefinite lived intangible assets		$ 16.6

Goodwill and Intangible Assets - Schedule of Carrying Value and Accumulated Amortization for Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 1,028.8	$ 1,034.7
Accumulated Amortization	(604.6)	(538.7)
Net	424.2	496.0
Total Intangible Assets, Gross Carrying Amount	2,036.3	2,045.8
Total Intangible Assets, Net	1,431.7	1,507.1
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Indefinite-lived Intangible Assets	1,007.5	1,011.1
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	692.1	694.9
Accumulated Amortization	(367.9)	(329.7)
Net	324.2	365.2
Technology assets
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	175.7	179.4
Accumulated Amortization	(104.1)	(90.9)
Net	71.6	88.5
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	161.0	160.4
Accumulated Amortization	(132.6)	(118.1)
Net	$ 28.4	$ 42.3

Goodwill and Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Millions	Sep. 30, 2020 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 74.9
2022	54.5
2023	44.4
2024	44.4
2025	$ 42.3

Debt - Schedule Of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019	Sep. 24, 2019	Mar. 21, 2019	Nov. 15, 2017	Sep. 20, 2016	May 20, 2015	Dec. 04, 2014	Dec. 17, 2012
Debt Instrument [Line Items]
Obligations under capital leases	$ 160.5
Long-term debt	2,352.3
Unamortized discount on debt	0.0	$ (0.2)
Debt issuance costs	(36.5)	(33.0)
Less current portion	(15.3)	(136.9)
Long-term debt, net of current portion	$ 2,461.0	$ 2,214.4
6.625% Notes, due November 15, 2022
Debt Instrument [Line Items]
Stated interest rate	6.625%	6.60%	6.625%	6.625%	6.625%				6.625%
Secured debt		$ 117.4
6.125% Notes, due December 15, 2024
Debt Instrument [Line Items]
Stated interest rate	6.125%	6.10%						6.125%
Secured debt	$ 250.0	$ 250.0
5.75% Notes, due July 15, 2025
Debt Instrument [Line Items]
Stated interest rate	5.75%	5.80%					5.75%
Secured debt	$ 1,000.0	$ 1,000.0
4.00% Notes, due October 1, 2026
Debt Instrument [Line Items]
Stated interest rate	4.00%	4.00%				4.00%
Secured debt	$ 499.1	$ 465.0
5.00% Notes, due October 1, 2029
Debt Instrument [Line Items]
Stated interest rate	5.00%	5.00%	5.00%
Secured debt	$ 300.0	$ 300.0
5.50% Notes, due July 15, 2030
Debt Instrument [Line Items]
Stated interest rate	5.50%
Secured debt	$ 300.0
Other Notes And Obligations
Debt Instrument [Line Items]
Stated interest rate	7.60%	10.40%
Other notes and obligations	$ 3.2	$ 9.5
Capital Leases Obligations
Debt Instrument [Line Items]
Stated interest rate	5.60%	5.60%
Obligations under capital leases	$ 160.5
Obligations under capital leases		$ 165.6
Salus - Unaffiliated Long-Term Debt Of Consolidated VIE
Debt Instrument [Line Items]
Long-term debt	0.0	77.0
Revolving Credit Facility
Debt Instrument [Line Items]
Revolver Facility, variable rate, expiring June 30, 2025	$ 0.0
Stated interest rate	0.00%
Spectrum Brands, Inc.
Debt Instrument [Line Items]
Total debt	$ 2,512.8	2,307.5
Spectrum Brands Holdings, Inc.
Debt Instrument [Line Items]
Total debt	2,512.8	2,384.5
Spectrum Brands Inc And Sbrh
Debt Instrument [Line Items]
Total debt	2,512.8	2,307.5
SB/RH
Debt Instrument [Line Items]
Long-term debt	2,352.3
Debt issuance costs	(36.5)	(31.5)
Less current portion	(15.3)	(136.9)
Long-term debt, net of current portion	$ 2,461.0	$ 2,139.1
SB/RH \| 6.625% Notes, due November 15, 2022
Debt Instrument [Line Items]
Stated interest rate		6.60%
Secured debt		$ 117.4
SB/RH \| 6.125% Notes, due December 15, 2024
Debt Instrument [Line Items]
Stated interest rate	6.10%	6.10%
Secured debt	$ 250.0	$ 250.0
SB/RH \| 5.75% Notes, due July 15, 2025
Debt Instrument [Line Items]
Stated interest rate	5.80%	5.80%
Secured debt	$ 1,000.0	$ 1,000.0
SB/RH \| 4.00% Notes, due October 1, 2026
Debt Instrument [Line Items]
Stated interest rate	4.00%	4.00%
Secured debt	$ 499.1	$ 465.0
SB/RH \| 5.00% Notes, due October 1, 2029
Debt Instrument [Line Items]
Stated interest rate	5.00%	5.00%
Secured debt	$ 300.0	$ 300.0
SB/RH \| 5.50% Notes, due July 15, 2030
Debt Instrument [Line Items]
Stated interest rate	5.50%
Secured debt	$ 300.0
SB/RH \| Other Notes And Obligations
Debt Instrument [Line Items]
Stated interest rate	7.60%	10.40%
Other notes and obligations	$ 3.2	$ 9.5
SB/RH \| Capital Leases Obligations
Debt Instrument [Line Items]
Stated interest rate	5.60%	5.60%
Obligations under capital leases	$ 160.5
Obligations under capital leases		$ 165.6
SB/RH \| Revolving Credit Facility
Debt Instrument [Line Items]
Revolver Facility, variable rate, expiring June 30, 2025	$ 0.0
Stated interest rate	0.00%
Spectrum Brands Holdings, Inc. And SB/RH
Debt Instrument [Line Items]
Total debt	$ 2,512.8	$ 2,307.5

Debt - Aggregate Scheduled Maturities Of Debt And Capital Lease Obligations (Details) $ in Millions	Sep. 30, 2020 USD ($)
Debt Instrument [Line Items]
2021	$ 3.2
2022	0.0
2023	0.0
2024	0.0
2025	1,250.0
Thereafter	1,099.1
Total long-term debt	2,352.3
SB/RH
Debt Instrument [Line Items]
2021	3.2
2022	0.0
2023	0.0
2024	0.0
2025	1,250.0
Thereafter	1,099.1
Total long-term debt	$ 2,352.3

Debt - Narrative (Details)									12 Months Ended
Debt - Narrative (Details)	Jun. 30, 2020 USD ($)	Nov. 15, 2019 USD ($)	Sep. 24, 2019 USD ($)	Mar. 21, 2019 USD ($)	Sep. 20, 2016 USD ($)	May 20, 2015 USD ($)	Dec. 04, 2014 USD ($)	Dec. 17, 2012 USD ($)	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Jun. 29, 2020 USD ($)	Nov. 15, 2017	Sep. 20, 2016 EUR (€)	Feb. 28, 2015 USD ($)
Debt Instrument [Line Items]
Gain (loss) from extinguishment of debt									$ 76,200,000	$ 0	$ 0
Long-term debt									2,352,300,000
Variable Interest Entity, Not Primary Beneficiary
Debt Instrument [Line Items]
Debt issuance costs, gross									700,000
Long-term debt									77,000,000.0
Unamortized discount									100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility	$ 600,000,000.0											$ 890,000,000.0
Debt issuance costs	$ 3,500,000
Aggregate borrowing availability									579,300,000
Outstanding letters of credit									$ 20,700,000
Stated interest rate									0.00%
5.50% Notes, due July 15, 2030
Debt Instrument [Line Items]
Stated interest rate									5.50%
5.00% Notes, due October 1, 2029
Debt Instrument [Line Items]
Stated interest rate			5.00%						5.00%	5.00%
Aggregate borrowing amount			$ 300,000,000.0
Minimum percentage of aggregate outstanding principal amount to declare acceleration of debt in case of default									25.00%
Capitalized debt issuance costs			$ 4,100,000
4.00% Notes, due October 1, 2026
Debt Instrument [Line Items]
Stated interest rate									4.00%	4.00%				4.00%
Aggregate borrowing amount \| €														€ 425,000,000
Minimum percentage of aggregate outstanding principal amount to declare acceleration of debt in case of default														25.00%
Capitalized debt issuance costs					$ 7,700,000
5.75% Notes, due July 15, 2025
Debt Instrument [Line Items]
Stated interest rate						5.75%			5.75%	5.80%
Aggregate borrowing amount						$ 1,000,000,000
Capitalized debt issuance costs						$ 19,700,000
6.125% Notes, due December 15, 2024
Debt Instrument [Line Items]
Stated interest rate							6.125%		6.125%	6.10%
Aggregate borrowing amount							$ 250,000,000
Capitalized debt issuance costs							$ 4,600,000
6.625% Notes, due November 15, 2022
Debt Instrument [Line Items]
Stated interest rate			6.625%	6.625%				6.625%	6.625%	6.60%			6.625%
Aggregate borrowing amount				$ 570,000,000.0				$ 570,000,000
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			58.80%
Repayment of notes				285,000,000.0
Gain (loss) from extinguishment of debt			$ (4,600,000)	(9,600,000)
Repayment of premium on debt			2,900,000	6,300,000
Write-off of deferred financing costs			1,700,000	$ 3,300,000
Repurchased aggregate principal amount			$ 167,600,000
Minimum \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage over base variable rate	0.75%								1.75%
Minimum \| Revolving Credit Facility \| Base Rate
Debt Instrument [Line Items]
Percentage over base variable rate									0.75%
Minimum \| 5.75% Notes, due July 15, 2025
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%
Percentage of holders of aggregate outstanding principal amount to declare acceleration of amounts due in any event of default									25.00%
Minimum \| 6.125% Notes, due December 15, 2024
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%
Minimum \| 6.625% Notes, due November 15, 2022
Debt Instrument [Line Items]
Debt redemption notice period								30 days
Maximum \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum total leverage ratio									0.060
Maximum \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage over base variable rate									2.75%
Maximum \| Revolving Credit Facility \| Base Rate
Debt Instrument [Line Items]
Percentage over base variable rate									1.75%
Maximum \| 5.00% Notes, due October 1, 2029
Debt Instrument [Line Items]
Debt price as percentage of par value	100.00%
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 \| 4.00% Notes, due October 1, 2026
Debt Instrument [Line Items]
Debt price as percentage of par value														100.00%
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 \| 5.75% Notes, due July 15, 2025
Debt Instrument [Line Items]
Debt price as percentage of par value						100.00%
Maximum \| 6.125% Notes, due December 15, 2024
Debt Instrument [Line Items]
Debt price as percentage of par value							100.00%
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 \| 6.625% Notes, due November 15, 2022
Debt Instrument [Line Items]
Debt redemption notice period								60 days
Senior Notes \| 5.50% Notes, due July 15, 2030
Debt Instrument [Line Items]
Stated interest rate	5.50%
Aggregate borrowing amount	$ 300,000,000.0
Debt issuance costs, gross	$ 6,200,000
Senior Notes \| 5.50% Notes, due July 15, 2030 \| Prior to July 15, 2025
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Senior Notes \| 5.50% Notes, due July 15, 2030 \| Before July, 2023
Debt Instrument [Line Items]
Redemption price, percentage of principal amount redeemed	35.00%
Unsecured Debt \| 6.625% Notes, due November 15, 2022
Debt Instrument [Line Items]
Stated interest rate		6.625%
Gain (loss) from extinguishment of debt		$ (2,600,000)
Write-off of deferred financing costs									$ 1,100,000
Long-term debt, gross		$ 117,400,000
Salus \| Collateralized Loan Obligations
Debt Instrument [Line Items]
Aggregate notional principle amount															$ 578,500,000

Leases - Leases Recognized in Balance Sheet (Details) $ in Millions	Sep. 30, 2020 USD ($)
Assets
Operating	$ 103.8
Finance	136.3
Total leased assets	240.1
Current
Operating	22.4
Finance	12.1
Long-term
Operating	88.8
Finance	148.4
Total lease liabilities	$ 271.7
Finance Lease, Right-of-Use Asset, Statement of Financial Position	us-gaap:PropertyPlantAndEquipmentNet
Operating Lease, Liability, Current, Statement of Financial Position	us-gaap:OtherLiabilitiesCurrent
Finance Lease, Liability, Current, Statement of Financial Position	us-gaap:LongTermDebtCurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position	us-gaap:LongTermDebtNoncurrent

Leases - Components of Lease Cost (Details) $ in Millions	12 Months Ended
Leases - Components of Lease Cost (Details) $ in Millions	Sep. 30, 2020 USD ($)
Leases [Abstract]
Operating lease cost	$ 26.6
Finance lease cost
Amortization of leased assets	14.5
Interest on lease liability	9.1
Variable lease cost	11.7
Total lease cost	$ 61.9

Leases - Narrative (Details) $ in Millions	12 Months Ended
Leases - Narrative (Details) $ in Millions	Sep. 30, 2020 USD ($)
Leases [Abstract]
Lease income	$ 2.1
Sublease income	$ 1.3

Leases - Cash Flow Activity for Leases (Details) $ in Millions	12 Months Ended
	Sep. 30, 2020 USD ($)
Leases [Abstract]
Operating cash flow from operating leases	$ 25.7
Operating cash flows from finance leases	9.1
Financing cash flows from finance leases	11.8
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	$ 24.1

Leases - Lease Term and Discount Rate (Details)	Sep. 30, 2020
Weighted average remaining lease term
Operating leases	6 years 7 months 6 days
Finance leases	15 years 7 months 6 days
Weighted average discount rate
Operating leases	4.68%
Finance leases	5.60%

Leases - Schedule of Future Lease Payments (Details) $ in Millions	Sep. 30, 2020 USD ($)
Finance Leases
2021	$ 20.1
2022	18.1
2023	17.0
2024	16.7
2025	19.6
Thereafter	162.4
Total lease payments	253.9
Amount representing interest	(93.4)
Total minimum lease payments	160.5
Operating Leases
2021	27.2
2022	22.3
2023	20.1
2024	22.5
2025	9.5
Thereafter	29.3
Total lease payments	130.9
Amount representing interest	(19.7)
Total minimum lease payments	$ 111.2

Leases - Schedule of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases (Details) $ in Millions	Sep. 30, 2019 USD ($)
Finance Leases
2020	$ 17.5
2021	19.7
2022	16.5
2023	15.5
2024	15.4
Thereafter	179.9
Total lease payments	264.5
Amount representing interest	(98.9)
Total minimum lease payments	165.6
Operating Leases
2020	25.0
2021	23.2
2022	20.6
2023	17.8
2024	10.8
Thereafter	37.5
Total minimum lease payments	$ 134.9

Derivatives - Narrative (Details) € in Millions	12 Months Ended
Derivatives - Narrative (Details) € in Millions	Sep. 30, 2020 USD ($)	Sep. 30, 2020 EUR (€)	Sep. 30, 2019 USD ($)	Sep. 20, 2016
4.00% Notes, due October 1, 2026
Derivative [Line Items]
Long-term secured debt	$ 499,100,000		$ 465,000,000.0
Stated interest rate	4.00%	4.00%	4.00%	4.00%
Cash Flow Hedging \| Commodity Swaps
Derivative [Line Items]
Derivative net (loss) gain estimated to be reclassified from AOCI into earnings over the next 12 months	$ 600,000
Cash Flow Hedging \| Foreign Exchange Contract
Derivative [Line Items]
Derivative net (loss) gain estimated to be reclassified from AOCI into earnings over the next 12 months	2,800,000
Derivative, notional amount	273,400,000		$ 235,600,000
Cash Flow Hedging \| Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount			$ 300,000,000.0
Derivative, fixed interest rate			1.76%
Gain on interest rate swap as a reduction to interest expense	3,600,000
Interest rate swaps outstanding	0		$ 0
Fair Value Hedging
Derivative [Line Items]
Posted cash collateral	0		0
Posted standby letters of credit	0		0
Net Investment Hedge
Derivative [Line Items]
Pre-tax loss in earnings	$ 1,200,000
Net Investment Hedge \| 4.00% Notes, due October 1, 2026 \| Spectrum Brands, Inc.
Derivative [Line Items]
Long-term secured debt \| €		€ 425.0
Stated interest rate	4.00%	4.00%
Not Designated as Hedging Instrument \| Foreign Exchange Contract
Derivative [Line Items]
Derivative, notional amount	$ 802,500,000		$ 977,500,000

Derivatives - Schedule Of Commodity Swap Contracts (Details) - Cash Flow Hedging - Designated as Hedge $ in Millions	12 Months Ended
	Sep. 30, 2020 USD ($) t	Sep. 30, 2019 USD ($) t
Brass swap contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional \| t	949.0	904.9
Contract Value \| $	$ 4.4	$ 4.4
Zinc swap contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional \| t	1,552.0	0
Contract Value \| $	$ 3.4	$ 0.0

Derivatives - Summary of Impact of Designated Hedges and Gain (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	$ (6.2)
Gain (Loss) Reclassified to Income (Loss)	5.0
Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI		$ 12.6	$ 10.2
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		11.1	(8.5)
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Discontinued Operations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified to Income (Loss)	0.0
Discontinued Operations \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		(1.7)	1.6
Ineffective Portion, Gain (Loss) to Operations		1.7	1.2
Interest rate swaps \| Interest expense \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI		(0.6)	4.0
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		0.0	0.0
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Interest rate swaps \| Interest expense \| Discontinued Operations \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		2.2	1.1
Ineffective Portion, Gain (Loss) to Operations		1.7	1.2
Commodity swaps \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	0.9
Gain (Loss) Reclassified to Income (Loss)	(0.2)
Commodity swaps \| Cost of goods sold \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI		(1.1)	(4.5)
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		(0.4)	0.7
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Commodity swaps \| Cost of goods sold \| Discontinued Operations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified to Income (Loss)	0.0
Commodity swaps \| Cost of goods sold \| Discontinued Operations \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		(4.4)	2.4
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Foreign exchange contracts \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	(7.2)
Gain (Loss) Reclassified to Income (Loss)	5.3
Foreign exchange contracts \| Cost of goods sold \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI		14.7	10.8
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		11.7	(9.3)
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Foreign exchange contracts \| Cost of goods sold \| Discontinued Operations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified to Income (Loss)	0.0
Foreign exchange contracts \| Cost of goods sold \| Discontinued Operations \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		0.5	(1.9)
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Foreign exchange contracts \| Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) in OCI	0.1
Gain (Loss) Reclassified to Income (Loss)	(0.1)
Foreign exchange contracts \| Net sales \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) in OCI		(0.4)	(0.1)
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		(0.2)	0.1
Ineffective Portion, Gain (Loss) to Operations		0.0	0.0
Foreign exchange contracts \| Net sales \| Discontinued Operations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified to Income (Loss)	$ 0.0
Foreign exchange contracts \| Net sales \| Discontinued Operations \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain (Loss) Reclassified to Income (Loss)		0.0	0.0
Ineffective Portion, Gain (Loss) to Operations		$ 0.0	$ 0.0

Derivatives - Schedule of Derivatives Not Designated as Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Foreign exchange contracts \| Other non-operating (income) expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedges	$ (7.3)	$ 47.3	$ (2.3)

Derivatives - Schedule of Fair Value of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 1.2	$ 9.5
Derivative Liabilities	14.2	2.3
Commodity swaps \| Designated as Hedge \| Other receivables
Derivatives, Fair Value [Line Items]
Derivative Assets	0.7	0.0
Commodity swaps \| Designated as Hedge \| Deferred charges and other
Derivatives, Fair Value [Line Items]
Derivative Assets	0.1	0.0
Commodity swaps \| Designated as Hedge \| Accounts payable
Derivatives, Fair Value [Line Items]
Derivative Liabilities	0.0	0.2
Foreign exchange contracts \| Designated as Hedge \| Other receivables
Derivatives, Fair Value [Line Items]
Derivative Assets	0.0	7.8
Foreign exchange contracts \| Designated as Hedge \| Deferred charges and other
Derivatives, Fair Value [Line Items]
Derivative Assets	0.0	0.5
Foreign exchange contracts \| Designated as Hedge \| Accounts payable
Derivatives, Fair Value [Line Items]
Derivative Liabilities	3.8	0.2
Foreign exchange contracts \| Designated as Hedge \| Other long term liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	0.3	0.0
Foreign exchange contracts \| Not Designated as Hedge \| Other receivables
Derivatives, Fair Value [Line Items]
Derivative Assets	0.4	1.2
Foreign exchange contracts \| Not Designated as Hedge \| Accounts payable
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 10.1	$ 1.9

Derivatives - Schedule of Net Investment Hedge (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Net Investment Hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income (loss)	$ (33.0)	$ 29.8	$ 6.2

Employee Benefit Plans - Information on Pension Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Changes in benefit obligation:
Benefit obligation, beginning of year	$ 80.2
Benefit obligation, end of year		$ 80.2
Changes in plan assets:
Fair value of plan assets, beginning of year	188.6
Fair value of plan assets, end of year	193.8	188.6
Amounts recognized in statement of financial position
Deferred charges and other	48.3	67.2
Other long-term liabilities	131.4	112.0
Accumulated other comprehensive loss	$ (284.7)	(273.6)
Weighted average assumptions
Defined Benefit Plan, Type	us-gaap:PensionPlansDefinedBenefitMember
U.S. Plans
Changes in benefit obligation:
Benefit obligation, beginning of year	$ 80.2	70.5
Service cost	0.7	0.4	$ 0.4
Interest cost	2.2	2.8	2.7
Actuarial loss (gain)	2.3	10.3
Settlements and curtailments	(4.6)	0.0
Plan Amendments	0.0	0.0
Benefits paid	(4.8)	(3.8)
Foreign currency exchange rate changes	0.0	0.0
Benefit obligation, end of year	76.0	80.2	70.5
Changes in plan assets:
Fair value of plan assets, beginning of year	68.6	69.3
Actual return on plan assets	5.1	2.7
Employer contributions	0.3	0.4
Settlements and curtailments	(4.6)	0.0
Benefits paid	(4.8)	(3.8)
Foreign currency exchange rate changes	0.0	0.0
Fair value of plan assets, end of year	64.6	68.6	69.3
Funded Status	(11.4)	(11.6)
Amounts recognized in statement of financial position
Deferred charges and other	0.0	0.0
Other accrued expenses	0.3	0.3
Other long-term liabilities	11.1	11.3
Accumulated other comprehensive loss	$ 18.8	$ 19.3
Weighted average assumptions
Discount rate	2.46%	3.04%
Non U.S. Plans
Changes in benefit obligation:
Benefit obligation, beginning of year	$ 167.8	$ 148.9
Service cost	2.2	1.9	2.0
Interest cost	2.3	3.4	3.6
Actuarial loss (gain)	(0.9)	27.5
Settlements and curtailments	(1.6)	0.0
Plan Amendments	0.0	0.2
Benefits paid	(4.1)	(5.9)
Foreign currency exchange rate changes	9.4	(8.2)
Benefit obligation, end of year	175.1	167.8	148.9
Changes in plan assets:
Fair value of plan assets, beginning of year	120.0	115.8
Actual return on plan assets	1.1	13.5
Employer contributions	5.3	3.1
Settlements and curtailments	0.0	0.0
Benefits paid	(4.1)	(5.9)
Foreign currency exchange rate changes	6.9	(6.5)
Fair value of plan assets, end of year	129.2	120.0	$ 115.8
Funded Status	(45.9)	(47.8)
Amounts recognized in statement of financial position
Deferred charges and other	3.0	3.0
Other accrued expenses	0.4	0.5
Other long-term liabilities	48.5	50.3
Accumulated other comprehensive loss	$ 51.3	$ 49.9
Minimum \| Non U.S. Plans
Weighted average assumptions
Discount rate	0.50%	0.75%
Rate of compensation increase	2.25%	2.25%
Maximum \| Non U.S. Plans
Weighted average assumptions
Discount rate	6.90%	7.70%
Rate of compensation increase	6.00%	6.00%

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Retirement Benefits [Abstract]
Net loss in AOCI expected to be recognized during next fiscal year	$ 4.4
Aggregate contributions charged to operations	$ 12.0	$ 11.7	$ 10.7

Employee Benefit Plans - Components Of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.7	$ 0.4	$ 0.4
Interest cost	2.2	2.8	2.7
Expected return on assets	(4.1)	(4.4)	(4.5)
Settlements and curtailments	0.9	0.0	0.0
Recognized net actuarial loss	0.9	0.2	1.1
Net periodic benefit cost	$ 0.6	$ (1.0)	$ (0.3)
Weighted average assumptions
Discount rate	3.04%	4.10%	3.70%
Expected return on plan assets	6.50%	6.50%	7.00%
Non U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 2.2	$ 1.9	$ 2.0
Interest cost	2.3	3.4	3.6
Expected return on assets	(3.9)	(3.9)	(4.2)
Settlements and curtailments	0.1	0.3	0.1
Recognized net actuarial loss	3.4	1.8	1.4
Net periodic benefit cost	$ 4.1	$ 3.5	$ 2.9
Non U.S. Plans \| Minimum
Weighted average assumptions
Discount rate	0.75%	1.00%	1.13%
Expected return on plan assets	0.75%	1.00%	1.13%
Rate of compensation increase	2.25%	2.25%	1.37%
Non U.S. Plans \| Maximum
Weighted average assumptions
Discount rate	7.70%	8.30%	7.50%
Expected return on plan assets	3.40%	4.01%	4.13%
Rate of compensation increase	6.00%	7.00%	7.00%

Employee Benefit Plans - Summary Of Allocation Of Pension Plan Assets (Details)	Sep. 30, 2020	Sep. 30, 2019
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	100.00%	100.00%
Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	100.00%	100.00%
Equity Securities \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	46.00%	62.00%
Equity Securities \| Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	0.00%	0.00%
Fixed Income Securities \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	51.00%	35.00%
Fixed Income Securities \| Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	19.00%	20.00%
Other \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	3.00%	3.00%
Other \| Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation percentage	81.00%	80.00%

Employee Benefit Plans - Fair Value Of Pension Plan Assets By Asset Category (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 193.8	$ 188.6
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	64.6	68.6	$ 69.3
Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	129.2	120.0	$ 115.8
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	53.7	62.4
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	140.1	126.2
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Cash & cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	9.3	8.3
Cash & cash equivalents \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	9.3	8.3
Cash & cash equivalents \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Cash & cash equivalents \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	22.6	29.9
Equity \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	11.9	16.8
Equity \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10.7	13.1
Equity \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	28.7	21.6
Fixed Income Securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	22.3	21.6
Fixed Income Securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6.4	0.0
Fixed Income Securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.2	11.4
Foreign equity \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.2	11.4
Foreign equity \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign equity \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Foreign fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	26.0	25.7
Foreign fixed income securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.3	2.1
Foreign fixed income securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	24.7	23.6
Foreign fixed income securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Life insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	42.1	37.4
Life insurance contracts \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Life insurance contracts \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	42.1	37.4
Life insurance contracts \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	57.9	54.3
Other \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.7	2.2
Other \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	56.2	52.1
Other \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0.0	$ 0.0

Employee Benefit Plans - Schedule Of Benefit Payments Expected To Be Paid (Details) $ in Millions	Sep. 30, 2020 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2021	$ 9.0
2022	8.5
2023	8.7
2024	9.4
2025	9.9
2025-2029	$ 55.3

Income Taxes - Schedule of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Income Taxes [Line Items]
United States	$ 93.7	$ (267.3)	$ (140.4)
Outside the United States	61.7	73.5	104.7
Income (loss) from continuing operations before income taxes	155.4	(193.8)	(35.7)
SB/RH
Income Taxes [Line Items]
United States	25.0	(202.7)	25.4
Outside the United States	61.6	73.5	104.7
Income (loss) from continuing operations before income taxes	$ 86.6	$ (129.2)	$ 130.1

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Current tax expense (benefit):
U.S. Federal	$ 0.4	$ (47.6)	$ 58.1
Foreign	23.2	44.3	34.7
State and local	0.5	2.7	1.0
Total current tax expense (benefit)	24.1	(0.6)	93.8
Deferred tax expense (benefit):	95.9
U.S. Federal	37.9	9.9	(539.7)
Foreign	(10.6)	(4.9)	3.1
State and local	19.5	(11.5)	(19.9)
Total deferred tax expense (benefit)	46.8	(6.5)	(556.5)
Income tax expense (benefit)	70.9	(7.1)	(462.7)
SB/RH
Current tax expense (benefit):
U.S. Federal	0.4	(47.6)	58.4
Foreign	23.2	44.3	34.7
State and local	0.5	2.7	1.0
Total current tax expense (benefit)	24.1	(0.6)	94.1
U.S. Federal	23.7	24.3	(170.0)
Foreign	(10.6)	(4.9)	3.0
State and local	20.9	(8.1)	(3.9)
Total deferred tax expense (benefit)	34.0	11.3	(170.9)
Income tax expense (benefit)	$ 58.1	$ 10.7	$ (76.8)

Income Taxes - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions				12 Months Ended
	Jan. 01, 2018	Dec. 31, 2017	Dec. 22, 2017	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Income Taxes [Line Items]
Federal statutory rate	21.00%	35.00%	35.00%	21.00%	21.00%	24.50%
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. Statutory federal income tax expense (benefit)				$ 32.6	$ (40.7)	$ (8.8)
Permanent items				14.2	3.7	7.6
Goodwill impairment				2.8	12.2	0.0
Foreign statutory rate vs. U.S. statutory rate				(15.4)	(10.3)	3.0
State income taxes, net of federal effect				4.8	(14.2)	(2.9)
State effective rate change				7.2	4.6	0.0
Tax reform act - U.S. rate change				0.0	0.0	(166.7)
Global intangible low tax income inclusion				6.0	8.6	0.0
Foreign dividend received deduction tax law change				0.0	95.9	0.0
Tax reform act - mandatory repatriation				0.0	(48.0)	73.1
Residual tax on foreign earnings				6.5	1.5	5.9
Change in valuation allowance				9.9	(29.9)	(365.6)
Unrecognized tax (benefit) expense				(7.0)	6.2	(0.1)
Share based compensation adjustments				0.1	4.6	(5.5)
Research and development tax credits				(2.7)	(4.4)	(1.9)
Foreign rate differential on intercompany transfer of intangibles				4.6	0.0	0.0
Partnership outside basis adjustment				5.9	2.1	(8.3)
Return to provision adjustments and other, net				1.4	1.0	7.5
Income tax expense (benefit)				70.9	(7.1)	(462.7)
SB/RH
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. Statutory federal income tax expense (benefit)				18.2	(27.1)	31.9
Permanent items				14.2	3.8	(3.5)
Goodwill impairment				2.8	12.2	0.0
Foreign statutory rate vs. U.S. statutory rate				(15.4)	(10.3)	3.0
State income taxes, net of federal effect				2.3	(11.1)	(1.9)
State effective rate change				7.8	4.6	0.0
Tax reform act - U.S. rate change				0.0	0.0	(181.7)
Global intangible low tax income inclusion				6.0	8.6	0.0
Foreign dividend received deduction tax law change				0.0	95.9	0.0
Tax reform act - mandatory repatriation				0.0	(48.0)	73.1
Residual tax on foreign earnings				6.5	1.5	5.9
Change in valuation allowance				9.8	(29.9)	(0.3)
Unrecognized tax (benefit) expense				(7.0)	6.2	(0.1)
Share based compensation adjustments				0.5	4.6	(0.5)
Research and development tax credits				(2.7)	(4.4)	(1.9)
Foreign rate differential on intercompany transfer of intangibles				4.6	0.0	0.0
Partnership outside basis adjustment				6.5	2.4	0.7
Return to provision adjustments and other, net				4.0	1.7	(1.5)
Income tax expense (benefit)				$ 58.1	$ 10.7	$ (76.8)

Income Taxes - Schedule of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Deferred tax assets
Employee benefits	$ 38.0	$ 37.6
Restructuring	0.4	0.9
Inventories and receivables	19.7	16.8
Marketing and promotional accruals	14.9	10.6
Property, plant and equipment	27.3	5.9
Unrealized losses	19.8	12.8
Intangibles	13.6	19.0
Investment in subsidiaries	0.2	0.3
Net operating loss and other carry forwards	515.6	551.4
Other	40.3	32.7
Total deferred tax assets	689.8	688.0
Deferred tax liabilities
Property, plant and equipment	30.1	11.1
Unrealized gains	13.5	9.0
Intangibles	296.8	311.8
Investment in partnership	63.3	37.6
Taxes on unremitted foreign earnings	4.6	5.0
Other	17.2	10.9
Total deferred tax liabilities	425.5	385.4
Net deferred tax liabilities	264.3	302.6
Valuation allowance	(306.8)	(307.0)	$ (282.6)
Net deferred tax liabilities, net valuation allowance	(42.5)	(4.4)
Reported as:
Deferred charges and other	22.9	46.2
Deferred taxes (noncurrent liability)	65.4	50.6
SB/RH
Deferred tax assets
Employee benefits	36.3	36.0
Restructuring	0.4	0.9
Inventories and receivables	19.7	16.8
Marketing and promotional accruals	14.9	10.6
Property, plant and equipment	27.3	5.9
Unrealized losses	19.8	12.8
Intangibles	13.6	19.0
Investment in subsidiaries	0.2	0.3
Net operating loss and other carry forwards	190.4	250.6
Other	39.2	31.9
Total deferred tax assets	361.8	384.8
Deferred tax liabilities
Property, plant and equipment	30.1	11.1
Unrealized gains	13.5	9.0
Intangibles	296.8	311.8
Investment in partnership	63.0	55.0
Taxes on unremitted foreign earnings	4.6	5.0
Other	17.2	10.8
Total deferred tax liabilities	425.2	402.7
Net deferred tax liabilities	(63.4)	(17.9)
Valuation allowance	(202.4)	(202.8)
Net deferred tax liabilities, net valuation allowance	(265.8)	(220.7)
Reported as:
Deferred charges and other	22.9	30.7
Deferred taxes (noncurrent liability)	$ 288.7	$ 251.4

Income Taxes - Narrative (Details) - USD ($) $ in Millions				12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2018	Dec. 31, 2017	Dec. 22, 2017	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018	Jun. 14, 2019
Income Taxes [Line Items]
Federal statutory rate	21.00%	35.00%	35.00%	21.00%	21.00%	24.50%
Income tax benefit, GILTI				$ 4.4
U.S. net operating losses				454.6
Federal and state tax expense				95.9
Income tax expense for one-time deemed mandatory repatriation				(48.0)
Foreign tax credits				$ 70.7
Mandatory repatriation tax payable period				8 years
Repatriation tax liability				$ 20.9			$ 25.1
Repatriation tax liability due and payable in the next 12 months, will be offset				2.0
Tax Reform Act, income tax expense (benefit)				(166.7)
Goodwill impairment related to tax expense				2.8	$ 12.2	$ 0.0
Impairment of goodwill				0.0	116.0	0.0
Residual foreign taxes on undistributed foreign earnings				4.6	5.0
Undistributed foreign earnings were taxed in the U.S.				500.6
Undistributed foreign earnings, taxed				28.5
U.S. federal net operating loss carryforwards				1,247.7
Federal tax benefit				(0.4)	47.6	(58.1)
U.S. state net operating loss carryforwards				73.3
Foreign operating loss carryforwards				120.2
Current income tax benefit				(23.2)	(44.3)	(34.7)
Valuation allowance				12.3
Release of valuation allowance						4.9
(Decrease) increase in valuation allowance, deferred tax asset				(0.2)	24.4	(365.3)
Valuation allowance				306.8	307.0	282.6
Unrecognized tax benefits that would impact effective tax rate				15.3	20.9
Unrecognized tax benefits, income tax penalties and interest accrued				2.4	2.7
Change in unrecognized tax benefits, income tax penalties and interest expense				(0.3)	(0.1)	0.3
Unrecognized tax benefits that would effect deferred tax assets						1.9
Research Tax Credit Carryforward
Income Taxes [Line Items]
Tax credit carryforward				26.9
Research Tax Credit Carryforward, Expiring In Fiscal Years 2023-2030
Income Taxes [Line Items]
Tax credit carryforward				0.8
Federal Net Operating Losses
Income Taxes [Line Items]
Federal tax benefit				262.0
U.S. federal operating loss carryforwards expected to expire unused				660.5
Tax benefit related to NOLs expire unused				138.7
Release of valuation allowance				36.7
U.S. State Net Operating Losses
Income Taxes [Line Items]
Tax benefit related to NOLs expire unused				16.7
Valuation allowance				58.2
Foreign Net Operating Losses
Income Taxes [Line Items]
Current income tax benefit				28.2
Tax benefit related to NOLs expire unused				22.4
U.S. Net Deferred Tax Assets
Income Taxes [Line Items]
(Decrease) increase in valuation allowance, deferred tax asset				10.1	26.2
Valuation allowance				283.6	273.5	247.3
Foreign Net Deferred Tax Assets
Income Taxes [Line Items]
(Decrease) increase in valuation allowance, deferred tax asset				(10.3)	(1.8)
Valuation allowance				23.2	33.5	35.3
SB/RH
Income Taxes [Line Items]
Goodwill impairment related to tax expense				2.8	12.2	0.0
Impairment of goodwill				0.0	116.0	0.0
Residual foreign taxes on undistributed foreign earnings				4.6	5.0
Federal tax benefit				(0.4)	47.6	(58.4)
Current income tax benefit				(23.2)	(44.3)	$ (34.7)
Valuation allowance				202.4	$ 202.8
Income taxes payable				$ 1.8

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning of year	$ 20.9	$ 15.0	$ 15.6
Gross increase – tax positions in prior period	2.1	5.3	0.9
Gross decrease – tax positions in prior period	(4.3)	(0.4)	(3.5)
Gross increase – tax positions in current period	2.8	3.5	2.5
Settlements	(1.9)	(1.1)	(0.3)
Lapse of statutes of limitations	(4.3)	(1.4)	(0.2)
Unrecognized tax benefits, end of year	$ 15.3	$ 20.9	$ 15.0

Related Parties - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended	12 Months Ended
	Oct. 11, 2019	Oct. 16, 2017	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 13, 2019
TSAs And Reverse TSAs
Related Party Transaction [Line Items]
Overall expected time period of transition				12 months
Related party income (loss)				$ (3.9)	$ 5.2
Transition Services Agreements
Related Party Transaction [Line Items]
Related party costs				9.6	19.1
Reverse Transition Services Agreements
Related Party Transaction [Line Items]
Related party costs				$ 13.5	13.9
Maximum \| TSAs And Reverse TSAs
Related Party Transaction [Line Items]
Overall expected time period of transition				24 months
Minimum \| TSAs And Reverse TSAs
Related Party Transaction [Line Items]
Overall expected time period of transition				12 months
Energizer \| TSAs And Reverse TSAs
Related Party Transaction [Line Items]
Related party, net receivable (payable)				$ 5.4	12.8
Energizer \| H&G Supply Agreement
Related Party Transaction [Line Items]
Related party income (loss)				$ 18.9	12.5
Supply agreement contract term				24 months
Net receivable from related party				$ 4.4	$ 4.9
Energizer \| Energizer Shareholder Agreement
Related Party Transaction [Line Items]
Stock consideration (in shares)				5,300,000
Standstill provision period				24 months
Board nomination voting period				18 months
Share repurchase period				18 months
Energizer \| Energizer Shareholder Agreement \| 12th Trading Day Preceding Notice Of Repurchase
Related Party Transaction [Line Items]
Consecutive trading days				10 days
Trading days				12 days
Energizer \| Energizer Shareholder Agreement \| Immediately Preceding Date Of Agreement
Related Party Transaction [Line Items]
Consecutive trading days				10 days
Percentage of volume-weighted average sales price per share				100.00%
Energizer \| Minimum \| Energizer Shareholder Agreement
Related Party Transaction [Line Items]
Percentage beneficially owns of common stock				4.90%
Varta \| TSAs And Reverse TSAs
Related Party Transaction [Line Items]
Related party, net receivable (payable)				$ (1.0)
Jefferies
Related Party Transaction [Line Items]
Fees and reimbursements of expenses from related party		$ 3.0
Shares distributed (in shares)	7,514,477
Conversion of share (in shares)	0.025
Dividend per share (in dollars per share)						$ 1.50
Percentage of dividend distribution per share						7.40%
Jefferies \| Minimum
Related Party Transaction [Line Items]
Percentage beneficially owns of common stock		10.00%
Chairman And Chief Executive Officer
Related Party Transaction [Line Items]
Shares of common stock repurchased from related parties (in shares)			158,318
Value of repurchased common stock from related parties			$ 8.0
Average repurchase price per share (in dollars per share)			$ 50.53

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions				12 Months Ended		15 Months Ended
	Feb. 24, 2020	Nov. 18, 2019	Jul. 24, 2018	Sep. 30, 2020	Sep. 30, 2019	Feb. 24, 2020
Accelerated Share Repurchases [Line Items]
Authorized share repurchase amount			$ 1,000,000,000.0
Share repurchase program, authorization period			36 months
Number of shares repurchased (in shares)				6.2	4.9
Total repurchase amount					$ 268,500,000
Average price per share (in dollars per share)				$ 58.57	$ 54.34
ASR
Accelerated Share Repurchases [Line Items]
Accelerated share repurchase amount		$ 125,000,000.0
Number of shares repurchased (in shares)	0.3	1.7		2.0		2.0
Percentage of company total shares		85.00%
Total repurchase amount	$ 18,500,000	$ 106,300,000		$ 125,000,000.0
Adjustment to additional paid-in capital		$ 18,700,000
Average price per share (in dollars per share)				$ 61.47		$ 61.59

Shareholders' Equity - Summary of Activity of Common Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions			12 Months Ended		15 Months Ended
	Feb. 24, 2020	Nov. 18, 2019	Sep. 30, 2020	Sep. 30, 2019	Feb. 24, 2020
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)			6.2	4.9
Average price per share (in dollars per share)			$ 58.57	$ 54.34
Total repurchase amount				$ 268.5
Treasury Stock
Accelerated Share Repurchases [Line Items]
Total repurchase amount			$ 364.6	$ 268.5
Open Market Purchases
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)			4.1	4.6
Average price per share (in dollars per share)			$ 56.97	$ 54.22
Total repurchase amount				$ 250.0
Open Market Purchases \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Total repurchase amount			$ 230.6
Private Purchases
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)			0.1	0.3
Average price per share (in dollars per share)			$ 62.30	$ 56.02
Total repurchase amount				$ 18.5
Private Purchases \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Total repurchase amount			$ 9.2
ASR
Accelerated Share Repurchases [Line Items]
Number of shares repurchased (in shares)	0.3	1.7	2.0		2.0
Average price per share (in dollars per share)			$ 61.47		$ 61.59
Total repurchase amount	$ 18.5	$ 106.3	$ 125.0
ASR \| Treasury Stock
Accelerated Share Repurchases [Line Items]
Total repurchase amount			$ 124.8

Share Based Compensation - Summary of Award Plans (Details)	Sep. 30, 2020 shares
HRG Group 2011 Omnibus Equity Award Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized (in shares)	2,700,000
Shares available (in shares)	800,000
Harbinger Group, Inc. 2014 Warrant Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized (in shares)	3,000,000.0
Shares available (in shares)	0
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized (in shares)	7,100,000
Shares available (in shares)	200,000
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized (in shares)	1,200,000
Shares available (in shares)	1,200,000

Share Based Compensation - Narrative (Details) - USD ($)	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
HRG
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value vested	$ 200,000		$ 800,000
Intrinsic value of options exercised			21,500,000
Cash settlement			19,900,000
Weighted average exercise price of vested and exercisable (in dollars per share)	$ 73.96
Annual Management Incentive Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share based compensation expense	$ 0	$ 16,900,000	$ 9,500,000
HRG Group 2011 Omnibus Equity Award Plans \| HRG
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized pre-tax compensation cost	0
Restricted Stock Units \| Specturm And SB/RH
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized pre-tax compensation cost	$ 34,000,000.0
Restricted Stock Units \| Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Share Based Compensation - Summary of Share Based Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Share based compensation	$ 37.7	$ 49.2	$ 11.9
SB/RH
Share based compensation	$ 36.4	$ 47.6	$ 8.8

Share Based Compensation - Summary of RSU Activity (Details) - Restricted Stock Units - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Shares
Beginning balance (in shares)	1.2	0.6	0.8
Granted (in shares)	0.9	1.5	0.4
Forfeited (in shares)	(0.1)	(0.7)	(0.1)
Vested (in shares)	(0.6)	(0.2)	(0.5)
Ending balance (in shares)	1.4	1.2	0.6
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 53.58	$ 107.71	$ 114.67
Granted (in dollars per share)	61.72	53.11	102.96
Forfeited (in dollars per share)	60.79	92.76	115.08
Vested (in dollars per share)	57.80	83.47	113.07
Ending balance (in dollars per share)	$ 56.41	$ 53.58	$ 107.71
Fair Value at Grant Date
Beginning balance	$ 67.0	$ 69.0	$ 87.2
Granted	55.6	81.4	45.9
Forfeited	(4.0)	(63.7)	(8.5)
Vested	(39.3)	(19.7)	(55.6)
Ending balance	$ 79.3	$ 67.0	$ 69.0
SB/RH
Shares
Beginning balance (in shares)	1.2	0.6	0.7
Granted (in shares)	0.9	1.5	0.4
Forfeited (in shares)	(0.1)	(0.7)	(0.1)
Vested (in shares)	(0.6)	(0.2)	(0.4)
Ending balance (in shares)	1.4	1.2	0.6
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 53.22	$ 108.75	$ 116.32
Granted (in dollars per share)	61.68	52.82	102.92
Forfeited (in dollars per share)	60.79	93.05	115.08
Vested (in dollars per share)	57.29	82.37	114.07
Ending balance (in dollars per share)	$ 56.33	$ 53.22	$ 108.75
Fair Value at Grant Date
Beginning balance	$ 65.0	$ 67.2	$ 82.4
Granted	54.3	79.8	44.4
Forfeited	(3.9)	(63.5)	(8.5)
Vested	(37.7)	(18.5)	(51.1)
Ending balance	$ 77.7	$ 65.0	$ 67.2

Share Based Compensation - Summary of Activity of the RSUs Granted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Time-Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.4
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.48
Units granted, fair value at grant date	$ 27.0
Time-Based Grants \| Vesting in less than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.3
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.33
Units granted, fair value at grant date	$ 18.6
Time-Based Grants \| Vesting in more than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.1
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.80
Units granted, fair value at grant date	$ 8.4
Performance-Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.5
Units granted, weighted average grant date fair value (in dollars per share)	$ 61.03
Units granted, fair value at grant date	$ 28.6
Performance-Based Grants \| Vesting in less than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.1
Units granted, weighted average grant date fair value (in dollars per share)	$ 53.19
Units granted, fair value at grant date	$ 4.8
Performance-Based Grants \| Vesting in more than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.4
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.88
Units granted, fair value at grant date	$ 23.8
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.9	1.5	0.4
Units granted, weighted average grant date fair value (in dollars per share)	$ 61.72	$ 53.11	$ 102.96
Units granted, fair value at grant date	$ 55.6	$ 81.4	$ 45.9
SB/RH \| Time-Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.4
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.43
Units granted, fair value at grant date	$ 25.7
SB/RH \| Time-Based Grants \| Vesting in less than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.3
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.25
Units granted, fair value at grant date	$ 17.3
SB/RH \| Time-Based Grants \| Vesting in more than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.1
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.80
Units granted, fair value at grant date	$ 8.4
SB/RH \| Performance-Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.5
Units granted, weighted average grant date fair value (in dollars per share)	$ 61.03
Units granted, fair value at grant date	$ 28.6
SB/RH \| Performance-Based Grants \| Vesting in less than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.1
Units granted, weighted average grant date fair value (in dollars per share)	$ 53.19
Units granted, fair value at grant date	$ 4.8
SB/RH \| Performance-Based Grants \| Vesting in more than 24 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.4
Units granted, weighted average grant date fair value (in dollars per share)	$ 62.88
Units granted, fair value at grant date	$ 23.8
SB/RH \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.9	1.5	0.4
Units granted, weighted average grant date fair value (in dollars per share)	$ 61.68	$ 52.82	$ 102.92
Units granted, fair value at grant date	$ 54.3	$ 79.8	$ 44.4

Share Based Compensation - Summary of HRG Share-Based Awards (Details) - HRG - $ / shares shares in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Jul. 13, 2018	Sep. 30, 2020
Options
Beginning balance (in shares)
Granted (in shares)		0.0
Exercised (in shares)		(2.5)
Ending balance (in shares)	4.0	1.5
Vested and exercisable (in shares)			0.2
Weighted Average Exercise Price
Beginning balance (in dollars per share)
Granted (in dollars per share)		$ 0
Exercised (in dollars per share)		8.38
Ending balance (in dollars per share)	$ 9.69	11.80
Vested and exercisable (in dollars per share)			$ 73.96
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)
Granted (in dollars per share)		0
Exercised (in dollars per share)		3.33
Ending balance (in dollars per share)	$ 3.88	$ 4.78
Vested and exercisable (in dollars per share)			$ 4.82
Warrants
Units
Beginning balance (in shares)
Granted (in shares)		0.0
Exercised (in shares)		(0.6)
Ending balance (in shares)	0.6	0.0
Weighted Average Exercise Price
Beginning balance (in dollars per share)
Granted (in dollars per share)	$ 0
Exercised (in dollars per share)		$ 13.13
Ending balance (in dollars per share)	13.13	0
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)
Granted (in dollars per share)		0
Exercised (in dollars per share)		3.22
Ending balance (in dollars per share)	$ 3.22	$ 0
Restricted Stock Awards
Units
Beginning balance (in shares)
Granted (in shares)		0.1
Exercised (in shares)		(0.2)
Ending balance (in shares)	0.1	0.0
Weighted Average Exercise Price
Beginning balance (in dollars per share)
Granted (in dollars per share)	$ 16.85
Exercised (in dollars per share)		$ 13.85
Ending balance (in dollars per share)	13.36	0
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)
Granted (in dollars per share)		400,000
Exercised (in dollars per share)		2,300,000
Ending balance (in dollars per share)	$ 1,900,000	$ 0

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Estimated cost for proposed settlement	$ 0.9
Estimated costs associated with environmental remediation activities	11.6	$ 12.2
Product liability accruals	5.1	5.9
Product warranty accruals	$ 10.9	$ 7.2

Segment Information - Narrative (Details)	12 Months Ended
Segment Information - Narrative (Details)	Sep. 30, 2020 segment
Segment Reporting [Abstract]
Number of reporting segments	4

Segment Information - Net Sales Relating to Segments (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Revenue from External Customer [Line Items]
Net sales	$ 1,170.6	$ 984.3	$ 937.8	$ 871.5	$ 993.0	$ 1,022.2	$ 906.7	$ 880.3	$ 3,964.2	$ 3,802.1	$ 3,808.7
HHI
Revenue from External Customer [Line Items]
Net sales									1,342.1	1,355.7	1,377.7
HPC
Revenue from External Customer [Line Items]
Net sales									1,107.6	1,068.1	1,110.4
GPC
Revenue from External Customer [Line Items]
Net sales									962.6	870.2	820.5
H&G
Revenue from External Customer [Line Items]
Net sales									$ 551.9	$ 508.1	$ 500.1

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	$ 243.4	$ 72.2	$ 224.2
Corporate expenses	52.4	22.0	36.3
Interest expense	144.5	222.1	264.0
Depreciation and amortization	148.5	180.8	125.3
Share and incentive based compensation	43.6	53.7	11.9
Restructuring and related charges	72.6	65.7	75.6
Transaction related charges	23.1	21.8	30.2
Loss on assets held for sale	26.8	0.0	0.0
Write-off from impairment of goodwill	0.0	116.0	0.0
Write-off from impairment of intangible assets	24.2	35.4	20.3
Loss on Energizer investment	16.8	12.1	0.0
Foreign currency loss on multicurrency divestiture loans	3.8	36.2	0.0
Legal and environmental remediation reserves	0.0	10.0	0.0
Inventory acquisition step-up	0.0	0.0	0.8
GPC safety recall	0.0	0.7	18.9
Spectrum merger related transaction charges	0.0	0.0	45.9
Non-recurring HRG operating costs	0.0	0.0	18.9
Salus	0.6	1.6	1.1
Gain from extinguishment of Salus CLO debt	(76.2)	0.0	0.0
Other	(3.5)	4.7	4.1
(Loss) income from operations before income taxes)	155.4	(193.8)	(35.7)
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	632.6	589.0	617.6
Depreciation and amortization	133.9	166.2	109.9
SB/RH
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	250.3	77.0	302.3
Corporate expenses	47.4	20.7	35.9
Interest expense	144.0	162.0	167.0
Depreciation and amortization	148.5	180.8	124.6
Share and incentive based compensation	42.3	52.1	8.8
Restructuring and related charges	72.6	65.7	75.6
Transaction related charges	23.1	21.8	30.2
Loss on assets held for sale	26.8	0.0	0.0
Write-off from impairment of goodwill	0.0	116.0	0.0
Write-off from impairment of intangible assets	24.2	35.4	20.3
Loss on Energizer investment	16.8	12.1	0.0
Foreign currency loss on multicurrency divestiture loans	3.8	36.2	0.0
Legal and environmental remediation reserves	0.0	10.0	0.0
Inventory acquisition step-up	0.0	0.0	0.8
GPC safety recall	0.0	0.7	18.9
Other	(3.5)	4.7	5.4
(Loss) income from operations before income taxes)	86.6	(129.2)	130.1
SB/RH \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	632.6	589.0	617.6
Depreciation and amortization	133.9	166.2	109.9
HHI
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Write-off from impairment of goodwill		0.0
HHI \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	256.3	253.7	254.7
Depreciation and amortization	33.9	33.5	40.0
Restructuring and related charges	1.0	4.7	52.8
HHI \| SB/RH \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	256.3	253.7	254.7
Depreciation and amortization	33.9	33.5	40.0
HPC
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Write-off from impairment of goodwill		116.0
HPC \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	92.2	87.2	118.8
Depreciation and amortization	35.2	64.6	8.8
Restructuring and related charges	4.6	8.1	0.7
HPC \| SB/RH \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	92.2	87.2	118.8
Depreciation and amortization	35.2	64.6	8.8
GPC
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Write-off from impairment of goodwill		0.0
GPC \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	172.0	142.6	136.6
Depreciation and amortization	44.4	48.8	42.3
Restructuring and related charges	20.8	7.6	13.2
GPC \| SB/RH \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	172.0	142.6	136.6
Depreciation and amortization	44.4	48.8	42.3
H&G
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Write-off from impairment of goodwill		0.0
H&G \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	112.1	105.5	107.5
Depreciation and amortization	20.4	19.3	18.8
Restructuring and related charges	0.5	1.8	0.8
H&G \| SB/RH \| Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Segment Adjusted EBITDA	112.1	105.5	107.5
Depreciation and amortization	$ 20.4	$ 19.3	$ 18.8

Segment Information - Depreciation and Amortization Relating to Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	$ 148.5	$ 180.8	$ 125.3
SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	148.5	180.8	124.6
Operating Segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	133.9	166.2	109.9
Operating Segments \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	133.9	166.2	109.9
Operating Segments \| HHI
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	33.9	33.5	40.0
Operating Segments \| HHI \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	33.9	33.5	40.0
Operating Segments \| GPC
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	44.4	48.8	42.3
Operating Segments \| GPC \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	44.4	48.8	42.3
Operating Segments \| H&G
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	20.4	19.3	18.8
Operating Segments \| H&G \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	20.4	19.3	18.8
Operating Segments \| HPC
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	35.2	64.6	8.8
Operating Segments \| HPC \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	35.2	64.6	8.8
Corporate and shared operations
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	14.6	14.6	15.4
Corporate and shared operations \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total depreciation and amortization	$ 14.6	$ 14.6	$ 14.7

Segment Information - Capital Expenditures Relating to Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	$ 61.0	$ 58.4	$ 75.9
SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	61.0	58.4	75.9
Operating Segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	45.6	50.9	61.4
Operating Segments \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	45.6	50.9	61.4
Operating Segments \| HHI
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	16.9	18.0	15.6
Operating Segments \| HHI \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	16.9	18.0	15.6
Operating Segments \| GPC
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	14.5	16.0	24.6
Operating Segments \| GPC \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	14.5	16.0	24.6
Operating Segments \| H&G
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	3.5	5.9	6.4
Operating Segments \| H&G \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	3.5	5.9	6.4
Operating Segments \| HPC
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	10.7	11.0	14.8
Operating Segments \| HPC \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	10.7	11.0	14.8
Corporate and shared operations
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	15.4	7.5	14.5
Corporate and shared operations \| SB/RH
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total capital expenditures	$ 15.4	$ 7.5	$ 14.5

Segment Information - Segment Total Assets Relating to Segments (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 5,107.3	$ 5,246.0
SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	5,184.3	5,291.2
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,358.3	4,258.6
Operating Segments \| SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,358.3	4,258.6
Operating Segments \| HHI
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,786.5	1,611.0
Operating Segments \| HHI \| SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,786.5	1,611.0
Operating Segments \| GPC
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,200.4	1,275.4
Operating Segments \| GPC \| SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,200.4	1,275.4
Operating Segments \| H&G
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	546.1	538.6
Operating Segments \| H&G \| SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	546.1	538.6
Operating Segments \| HPC
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	825.3	833.6
Operating Segments \| HPC \| SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	825.3	833.6
Corporate and shared operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	749.0	987.4
Corporate and shared operations \| SB/RH
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 826.0	$ 1,032.6

Segment Information - Net Sales By Geographic Area (Details) - SBH And SB/RH [Member] - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 3,964.2	$ 3,802.1	$ 3,808.7
U.S. Plans
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,822.5	2,649.5	2,627.2
Europe/MEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	683.9	656.6	669.4
LATAM
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	182.3	205.4	212.1
APAC
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	104.3	122.1	126.1
North America - Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 171.2	$ 168.5	$ 173.9

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information - Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 500.3	$ 452.9
U.S. Plans
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	354.7	308.3
Europe/MEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	58.3	83.0
LATAM
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	15.1	19.3
North America - Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	3.5	1.1
APAC
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	68.7	41.2
SB/RH
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	500.3	452.9
SB/RH \| U.S. Plans
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	354.7	308.3
SB/RH \| Europe/MEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	58.3	83.0
SB/RH \| LATAM
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	15.1	19.3
SB/RH \| North America - Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	3.5	1.1
SB/RH \| APAC
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 68.7	$ 41.2

Earnings Per Share - SBH - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Net Income (Loss) Attributable to Parent [Abstract]
Net income (loss) from continuing operations attributable to controlling interest	$ 43.7	$ 137.1	$ (58.4)	$ (38.6)	$ (79.0)	$ (24.7)	$ (55.0)	$ (29.3)	$ 83.8	$ (188.0)	$ 356.5
Income from discontinued operations attributable to controlling interest	1.7	8.0	1.4	2.8	(16.7)	(1.2)	783.6	(83.2)	14.0	682.5	411.8
Net income attributable to controlling interest	$ 45.4	$ 145.1	$ (57.0)	$ (35.8)	$ (95.7)	$ (25.9)	$ 728.6	$ (112.5)	$ 97.8	$ 494.5	$ 768.3
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average shares outstanding - basic (in shares)									44.7	50.7	36.9
Dilutive shares (in shares)									0.2	0.0	0.1
Weighted average shares outstanding - diluted (in shares)									44.9	50.7	37.0
Earnings per share
Basic earnings per share from continuing operations (in dollars per share)	$ 1.01	$ 3.19	$ (1.29)	$ (0.81)	$ (1.62)	$ (0.51)	$ (1.06)	$ (0.56)	$ 1.88	$ (3.71)	$ 9.64
Basic earnings per share from discontinued operations (in dollars per share)	0.04	0.18	0.03	0.06	(0.35)	(0.02)	15.13	(1.55)	0.31	13.47	11.15
Basic earnings per share (in dollars per share)	1.05	3.37	(1.26)	(0.75)	(1.97)	(0.53)	14.07	(2.11)	2.19	9.76	20.79
Diluted earnings per share from continuing operations (in dollars per share)	1.01	3.18	(1.29)	(0.81)	(1.62)	(0.51)	(1.06)	(0.56)	1.87	(3.71)	9.62
Diluted earnings per share from discontinued operations (in dollars per share)	0.04	0.18	0.03	0.06	(0.35)	(0.02)	15.13	(1.55)	0.31	13.47	11.12
Diluted earnings per share (in dollars per share)	$ 1.05	$ 3.36	$ (1.26)	$ (0.75)	$ (1.97)	$ (0.53)	$ 14.07	$ (2.11)	$ 2.18	$ 9.76	$ 20.74
Weighted average number of anti-dilutive shares excluded from denominator (in shares)									0.0	0.2	0.0

Earnings Per Share - SBH - Narrative (Details) $ in Millions	Jul. 13, 2018 USD ($) shares	Jul. 12, 2018 USD ($) shares
Volume-weighted average price per share, trading days		20 years
Upward adjustment	$ 200.0
Increase in total outstanding shares (in shares) \| shares	20,600,000
HRG
Net indebtedness and transaction expenses		$ 328.2
Upward adjustment		$ 200.0
Reverse stock split conversion		0.1613
HRG \| Common Stock
Conversion of share (in shares) \| shares		1

Quarterly Results (Unaudited) - Schedule of Quarterly Results (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Schedule of Investments [Line Items]
Revenue	$ 1,170.6	$ 984.3	$ 937.8	$ 871.5	$ 993.0	$ 1,022.2	$ 906.7	$ 880.3	$ 3,964.2	$ 3,802.1	$ 3,808.7
Gross profit	423.0	348.9	328.9	269.1	334.7	361.0	305.5	305.7	1,369.9	1,306.9	1,334.3
Net income (loss) from continuing operations attributable to controlling interest	43.7	137.1	(58.4)	(38.6)	(79.0)	(24.7)	(55.0)	(29.3)	83.8	(188.0)	356.5
Net (loss) income attributable to controlling interest from discontinued operations	1.7	8.0	1.4	2.8	(16.7)	(1.2)	783.6	(83.2)	14.0	682.5	411.8
Net income attributable to controlling interest	$ 45.4	$ 145.1	$ (57.0)	$ (35.8)	$ (95.7)	$ (25.9)	$ 728.6	$ (112.5)	$ 97.8	$ 494.5	$ 768.3
Earnings Per Share
Basic earnings per share from continuing operations (in dollars per share)	$ 1.01	$ 3.19	$ (1.29)	$ (0.81)	$ (1.62)	$ (0.51)	$ (1.06)	$ (0.56)	$ 1.88	$ (3.71)	$ 9.64
Basic earnings per share from discontinued operations (in dollars per share)	0.04	0.18	0.03	0.06	(0.35)	(0.02)	15.13	(1.55)	0.31	13.47	11.15
Basic earnings per share (in dollars per share)	1.05	3.37	(1.26)	(0.75)	(1.97)	(0.53)	14.07	(2.11)	2.19	9.76	20.79
Diluted earnings per share from continuing operations (in dollars per share)	1.01	3.18	(1.29)	(0.81)	(1.62)	(0.51)	(1.06)	(0.56)	1.87	(3.71)	9.62
Diluted earnings per share from discontinued operations (in dollars per share)	0.04	0.18	0.03	0.06	(0.35)	(0.02)	15.13	(1.55)	0.31	13.47	11.12
Diluted earnings per share (in dollars per share)	$ 1.05	$ 3.36	$ (1.26)	$ (0.75)	$ (1.97)	$ (0.53)	$ 14.07	$ (2.11)	$ 2.18	$ 9.76	$ 20.74
SB/RH
Schedule of Investments [Line Items]
Revenue	$ 1,170.6	$ 984.3	$ 937.8	$ 871.5	$ 993.0	$ 1,022.2	$ 906.7	$ 880.3	$ 3,964.2	$ 3,802.1	$ 3,808.7
Gross profit	423.0	348.9	328.9	269.1	334.7	361.0	305.5	305.7	1,369.9	1,306.9	1,334.3
Net income (loss) from continuing operations attributable to controlling interest	$ 40.6	80.8	(55.8)	(37.7)	(79.7)	(28.9)	(13.4)	(19.2)	27.8	(141.2)	205.5
Net (loss) income attributable to controlling interest from discontinued operations		8.0	1.4	2.8	(16.7)	(1.2)	783.6	(83.2)	14.0	682.5	(24.0)
Net income attributable to controlling interest		$ 88.8	$ (54.4)	$ (34.9)	$ (96.4)	$ (30.1)	$ 770.2	$ (102.4)	$ 41.8	$ 541.3	$ 181.5

Quarterly Results (Unaudited) - Error Adjustment Impact To Net Income (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Schedule of Investments [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations	$ 1.7	$ 8.0	$ 1.4	$ 2.8	$ (16.7)	$ (1.2)	$ 783.6	$ (83.2)	$ 14.0	$ 682.5	$ 411.8
Net loss attributable to controlling interest	$ 45.4	$ 145.1	$ (57.0)	$ (35.8)	$ (95.7)	$ (25.9)	$ 728.6	$ (112.5)	$ 97.8	$ 494.5	$ 768.3
Basic earnings per share from discontinued operations (in dollars per share)	$ 0.04	$ 0.18	$ 0.03	$ 0.06	$ (0.35)	$ (0.02)	$ 15.13	$ (1.55)	$ 0.31	$ 13.47	$ 11.15
Basic earnings per share (in dollars per share)	1.05	3.37	(1.26)	(0.75)	(1.97)	(0.53)	14.07	(2.11)	2.19	9.76	20.79
Diluted earnings per share from discontinued operations (in dollars per share)	0.04	0.18	0.03	0.06	(0.35)	(0.02)	15.13	(1.55)	0.31	13.47	11.12
Diluted earnings per share (in dollars per share)	$ 1.05	$ 3.36	$ (1.26)	$ (0.75)	$ (1.97)	$ (0.53)	$ 14.07	$ (2.11)	$ 2.18	$ 9.76	$ 20.74
As reported
Schedule of Investments [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations					$ (39.3)
Net loss attributable to controlling interest					$ (118.3)					$ 471.9
Basic earnings per share from discontinued operations (in dollars per share)					$ (0.81)					$ 13.02
Basic earnings per share (in dollars per share)					(2.43)					9.31
Diluted earnings per share from discontinued operations (in dollars per share)					(0.81)					13.02
Diluted earnings per share (in dollars per share)					$ (2.43)					$ 9.31
Adjustment \| Return-To-Provision Adjustments
Schedule of Investments [Line Items]
Net (loss) income attributable to controlling interest from discontinued operations					$ 22.6
Net loss attributable to controlling interest					$ 22.6					$ 22.6
Basic earnings per share from discontinued operations (in dollars per share)					$ 0.46					$ 0.45
Basic earnings per share (in dollars per share)					0.46					0.45
Diluted earnings per share from discontinued operations (in dollars per share)					0.46					0.45
Diluted earnings per share (in dollars per share)					$ 0.46					$ 0.45