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EQUITY
 9 Months Ended
Jun. 27, 2020
Equity [Abstract]  
EQUITY EQUITY
The following tables provide a summary of the changes in total equity, equity attributable to controlling interest, and equity attributable to noncontrolling interests for each of the periods indicated:
 Common Shares and Capital in
Excess of Stated Value		Retained
Earnings		Treasury
Shares		Accumulated Other
Comprehensive Loss		Total Equity -
Controlling Interest		Noncontrolling
Interest		Total
Equity
Balance at September 30, 2020$482.5 $1,235.6 $(921.8)$(99.1)$697.2 $5.7 $702.9 
Net income (loss)— 24.4 — — 24.4 0.8 25.2 
Other comprehensive income (loss)— — — 15.6 15.6 — 15.6 
Share-based compensation8.2 — — — 8.2 — 8.2 
Dividends declared ($0.62 per share)
— (35.7)— — (35.7)— (35.7)
Treasury share purchases— — (38.4)— (38.4)— (38.4)
Treasury share issuances(0.1)— 1.3 — 1.2 — 1.2 
Balance at January 2, 2021$490.5 $1,224.4 $(958.8)$(83.5)$672.6 $6.4 $679.0 
Net income (loss)— 310.0 — — 310.0 0.2 310.2 
Other comprehensive income (loss)— — — 5.5 5.5 — 5.5 
Share-based compensation17.7 — — — 17.7 — 17.7 
Dividends declared ($0.62 per share)
— (34.2)— — (34.2)— (34.2)
Treasury share purchases— — (23.8)— (23.8)— (23.8)
Treasury share issuances(21.7)— 28.3 — 6.6 — 6.6 
Acquisition of noncontrolling interests(13.4)— — — (13.4)(6.7)(20.1)
Balance at April 3, 2021$473.0 $1,500.2 $(954.3)$(78.0)$940.9 $— $940.9 
Net income (loss)— 225.9 — — 225.9 — 225.9 
Other comprehensive income (loss)— — — 4.1 4.1 — 4.1 
Share-based compensation8.1 — — — 8.1 — 8.1 
Dividends declared ( $0.62 per share)
— (35.1)— — (35.1)— (35.1)
Treasury share purchases— — (28.8)— (28.8)— (28.8)
Treasury share issuances(9.7)— 17.0 — 7.3 — 7.3 
Balance at July 3, 2021$471.4 $1,691.0 $(966.1)$(73.9)$1,122.4 $— $1,122.4 
The sum of the components may not equal due to rounding.
 Common Shares and Capital in
Excess of Stated Value		Retained
Earnings		Treasury
Shares		Accumulated Other
Comprehensive Loss		Total Equity -
Controlling Interest		Noncontrolling
Interest		Total
Equity
Balance at September 30, 2019$442.2 $1,274.7 $(904.3)$(93.9)$718.7 $4.5 $723.2 
Net income (loss)— (71.4)— — (71.4)0.1 (71.3)
Other comprehensive income (loss)— — — 2.9 2.9 — 2.9 
Share-based compensation7.0 — — — 7.0 — 7.0 
Dividends declared ($0.58 per share)
— (33.5)— — (33.5)— (33.5)
Treasury share issuances(0.3)— 1.2 — 0.9 — 0.9 
Balance at December 28, 2019$448.9 $1,169.8 $(903.1)$(91.0)$624.6 $4.7 $629.3 
Net income (loss)— 252.2 — — 252.2 0.2 252.4 
Other comprehensive income (loss)— — — (16.9)(16.9)— (16.9)
Share-based compensation12.0 — — — 12.0 — 12.0 
Dividends declared ($0.58 per share)
— (33.0)— — (33.0)— (33.0)
Treasury share purchases— — (52.9)— (52.9)— (52.9)
Treasury share issuances(10.5)— 14.2 — 3.7 — 3.7 
Balance at March 28, 2020$450.5 $1,389.0 $(941.9)$(107.9)$789.7 $4.9 $794.6 
Net income (loss)— 202.8 — — 202.8 0.5 203.3 
Other comprehensive income (loss)— — — 5.7 5.7 — 5.7 
Share-based compensation22.8 — — — 22.8 — 22.8 
Dividends declared ($0.58 per share)
— (34.9)— — (34.9)— (34.9)
Treasury share purchases— — (0.2)— (0.2)— (0.2)
Treasury share issuances(7.5)— 20.0 — 12.5 — 12.5 
Balance at June 27, 2020$465.8 $1,557.0 $(922.1)$(102.2)$998.5 $5.4 $1,003.9 
The sum of the components may not equal due to rounding.
Changes in AOCL by component were as follows for each of the periods indicated:
Three Months Ended
Foreign Currency
Translation Adjustments		Net Unrealized Gain (Loss)
On Derivative Instruments		Net Unrealized Gain (Loss) in
Pension and Other Post-Retirement Benefits		Accumulated Other
Comprehensive Income (Loss)
Balance at April 3, 2021$1.9 $(1.3)$(78.6)$(78.0)
Other comprehensive income (loss) before reclassifications2.4 2.2 — 4.6 
Amounts reclassified from accumulated other comprehensive net income (loss)— 0.7 (0.5)0.2 
Income tax benefit (expense)— (0.8)0.1 (0.7)
Net current period other comprehensive income (loss)2.4 2.1 (0.4)4.1 
Balance at July 3, 2021$4.3 $0.8 $(79.0)$(73.9)
Balance at March 28, 2020$(22.7)$(17.9)$(67.3)$(107.9)
Other comprehensive income (loss) before reclassifications5.3 (4.0)— 1.3 
Amounts reclassified from accumulated other comprehensive net income (loss)— 4.2 0.4 4.6 
Income tax benefit (expense)— (0.1)(0.1)(0.2)
Net current period other comprehensive income (loss)5.3 0.1 0.3 5.7 
Balance at June 27, 2020$(17.4)$(17.8)$(67.0)$(102.2)
The sum of the components may not equal due to rounding.
Nine Months Ended
Foreign Currency
Translation Adjustments		Net Unrealized Gain (Loss)
On Derivative Instruments		Net Unrealized Gain (Loss) in
Pension and Other Post-Retirement Benefits		Accumulated Other
Comprehensive Income (Loss)
Balance at September 30, 2020$(6.2)$(15.1)$(77.8)$(99.1)
Other comprehensive income (loss) before reclassifications10.5 15.5 — 26.0 
Amounts reclassified from accumulated other comprehensive net income (loss)— 5.9 (1.6)4.3 
Income tax benefit (expense)— (5.5)0.4 (5.1)
Net current period other comprehensive income (loss)10.5 15.9 (1.2)25.2 
Balance at July 3, 2021$4.3 $0.8 $(79.0)$(73.9)
Balance at September 30, 2019$(17.4)$(8.1)$(68.4)$(93.9)
Other comprehensive income (loss) before reclassifications— (20.9)— (20.9)
Amounts reclassified from accumulated other comprehensive net income (loss)— 7.8 1.9 9.7 
Income tax benefit (expense)— 3.4 (0.5)2.9 
Net current period other comprehensive income (loss)— (9.7)1.4 (8.3)
Balance at June 27, 2020$(17.4)$(17.8)$(67.0)$(102.2)
The sum of the components may not equal due to rounding.
Dividends
On July 27, 2020, the Scotts Miracle-Gro Board of Directors approved an increase in the Company’s quarterly cash
dividend from $0.58 to $0.62 per Common Share. In addition, on July 27, 2020, the Scotts Miracle-Gro Board of Directors approved a special cash dividend of $5.00 per Common Share, which was paid on September 10, 2020 to all shareholders of record at the close of business on August 27, 2020. On July 30, 2021, the Scotts Miracle-Gro Board of Directors approved an increase in the Company’s quarterly cash dividend from $0.62 to $0.66 per Common Share, which will be first paid in the fourth quarter of fiscal 2021.
Share Repurchases
On August 11, 2014, Scotts Miracle-Gro announced that its Board of Directors authorized the repurchase of up to $500.0 of Common Shares over a five-year period (effective November 1, 2014 through September 30, 2019). On August 3, 2016, Scotts Miracle-Gro announced that its Board of Directors authorized a $500.0 increase to the share repurchase authorization ending on September 30, 2019. On August 2, 2019, the Scotts Miracle-Gro Board of Directors authorized an extension of the share repurchase authorization through March 28, 2020. The amended authorization allowed for repurchases of Common Shares of up to an aggregate amount of $1,000.0 through March 28, 2020. During fiscal 2020 through March 28, 2020, Scotts Miracle-Gro repurchased 0.4 million Common Shares under this share repurchase authorization for $48.2. From the effective date of this share repurchase authorization in the fourth quarter of fiscal 2014 through March 28, 2020, Scotts Miracle-Gro repurchased approximately 8.7 million Common Shares for $762.8.
On February 6, 2020, Scotts Miracle-Gro announced that its Board of Directors authorized the repurchase of up to $750.0 of Common Shares from April 30, 2020 through March 25, 2023. The authorization provides the Company with flexibility to purchase Common Shares from time to time in open market purchases or through privately negotiated transactions. All or part of the repurchases may be made under Rule 10b5-1 plans, which the Company may enter into from time to time and which enable the repurchases to occur on a more regular basis, or pursuant to accelerated share repurchases. The share repurchase authorization may be suspended or discontinued by the Board of Directors at any time, and there can be no guarantee as to the timing or amount of any repurchases. There were no share repurchases under this share repurchase authorization during fiscal 2020. During the three and nine months ended July 3, 2021, Scotts Miracle-Gro repurchased approximately 0.1 million and 0.4 million Common Shares under this share repurchase authorization for $25.0 and $75.6, respectively. The “Treasury share purchases” lines in the tables above include cash paid to tax authorities to satisfy statutory income tax withholding obligations related to share-based compensation of $3.8 and $15.5 for the three and nine months ended July 3, 2021, respectively, and $0.2 and $4.9 for the three and nine months ended June 27, 2020, respectively.
Share-Based Awards
The following is a summary of the share-based awards granted during each of the periods indicated:
Nine Months Ended
 July 3,
2021		June 27,
2020
Employees
Options183,553 — 
Restricted stock units69,758 118,410 
Performance units1,903 37,570 
Non-Employee Directors
Restricted and deferred stock units8,518 16,295 
Total share-based awards263,732 172,275 
Aggregate fair value at grant dates$29.9 $20.9 
Total share-based compensation was as follows for each of the periods indicated:
Three Months EndedNine Months Ended
July 3,
2021		June 27,
2020		July 3,
2021		June 27,
2020
Share-based compensation$8.1 $22.8 $34.0 $41.8 
Related tax benefit recognized2.1 5.8 6.0 9.7 
Stock Options
Stock option activity during the nine months ended July 3, 2021 was as follows:
No. of
Options		Wtd. Avg.
Exercise Price
Awards outstanding at September 30, 2020619,225 $57.90 
Granted183,553 236.53 
Exercised(234,587)51.18 
Awards outstanding at July 3, 2021568,191 118.38 
Exercisable384,638 62.00 
At July 3, 2021, the total pre-tax compensation cost, net of estimated forfeitures, related to nonvested stock options not yet recognized was $4.0, which is expected to be recognized over a weighted-average period of 2.5 years. The total intrinsic value of stock options exercised was $41.8 for the nine months ended July 3, 2021. Cash received from the exercise of stock options, including amounts received from employee purchases under the employee stock purchase plan, was $14.3 and $17.0 for the nine months ended July 3, 2021 and June 27, 2020, respectively.