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Employee Benefit Plans (Tables) | 12 Months Ended
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Sep. 30, 2012
Benefit Obligations and Change in Fair Value of Plan Assets for Pension and Other Postretirement Benefit Plans | The following tables provide additional information on the Company’s pension and other postretirement benefit plans which principally relate to Spectrum Brands:
|  | Pension and Deferred Compensation Benefits |  |  | Other Benefits |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Change in benefit obligation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation, beginning of year |  | $ | 228,662 |  |  | $ | 234,807 |  |  | $ | 542 |  |  | $ | 527 |
Service cost |  |  | 2,048 |  |  |  | 2,543 |  |  |  | 12 |  |  |  | 11 |
Interest cost |  |  | 11,436 |  |  |  | 11,239 |  |  |  | 27 |  |  |  | 27 |
Actuarial (gain) loss |  |  | 31,251 |  |  |  | (9,022 | ) |  |  | (14 | ) |  |  | (21 | )
Participant contributions |  |  | 182 |  |  |  | 189 |  |  |  | — |  |  |  | — |
Benefits paid |  |  | (10,890 | ) |  |  | (10,189 | ) |  |  | (1 | ) |  |  | (2 | )
Foreign currency exchange rate changes |  |  | (1,969 | ) |  |  | (905 | ) |  |  | — |  |  |  | — |
Benefit obligation, end of year |  | $ | 260,720 |  |  | $ | 228,662 |  |  | $ | 566 |  |  | $ | 542 |
Change in plan assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets, beginning of year |  | $ | 143,668 |  |  | $ | 140,072 |  |  | $ | — |  |  | $ | — |
Actual return on plan assets |  |  | 22,290 |  |  |  | (501 | ) |  |  | — |  |  |  | — |
Employer contributions |  |  | 13,612 |  |  |  | 14,912 |  |  |  | 1 |  |  |  | 2 |
Employee contributions |  |  | 182 |  |  |  | 189 |  |  |  | — |  |  |  | — |
Benefits paid |  |  | (10,890 | ) |  |  | (10,189 | ) |  |  | (1 | ) |  |  | (2 | )
Plan expenses paid |  |  | — |  |  |  | (226 | ) |  |  | — |  |  |  | — |
Foreign currency exchange rate changes |  |  | (241 | ) |  |  | (589 | ) |  |  | — |  |  |  | — |
Fair value of plan assets, end of year |  | $ | 168,621 |  |  | $ | 143,668 |  |  | $ | — |  |  | $ | — |
Accrued Benefit Cost / Funded Status |  | $ | (92,099 | ) |  | $ | (84,994 | ) |  | $ | (566 | ) |  | $ | (542 | )
Range of assumptions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 4.0%-13.5 | % |  |  | 4.0%-13.6 | % |  |  | 4.0 | % |  |  | 5.0 | %
Expected return on plan assets |  |  | 4.0%-7.8 | % |  |  | 3.0%-7.8 | % |  |  | N/A |  |  |  | N/A |
Rate of compensation increase |  |  | 2.3%-5.5 | % |  |  | 0.0%-5.5 | % |  |  | N/A |  |  |  | N/A |
Net Periodic Pension Cost for Defined Benefit Pension Plans | The weighted average expected return on plan assets used for the Company’s domestic plans was approximately 7.6% and approximately 5.4% for its international plans.
|  | Pension and Deferred Compensation Benefits |  |  | Other Benefits |
|  | Year Ended September 30, |  |  | Year Ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2010 |  |  | 2012 |  |  | 2011 |  |  | 2010 |
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 2,403 |  |  | $ | 2,689 |  |  | $ | 2,479 |  |  | $ | 12 |  |  | $ | 11 |  |  | $ | 9 |
Interest cost |  |  | 11,436 |  |  |  | 11,239 |  |  |  | 8,515 |  |  |  | 27 |  |  |  | 27 |  |  |  | 26 |
Expected return on assets |  |  | (9,112 | ) |  |  | (8,835 | ) |  |  | (6,063 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of prior service cost |  |  | 72 |  |  |  | — |  |  |  | 535 |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of transition obligation |  |  | — |  |  |  | — |  |  |  | 207 |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized net actuarial (gain) loss |  |  | 855 |  |  |  | 8 |  |  |  | 613 |  |  |  | (54 | ) |  |  | (52 | ) |  |  | (58 | )
Net periodic cost (benefit) |  | $ | 5,654 |  |  | $ | 5,101 |  |  | $ | 6,286 |  |  | $ | (15 | ) |  | $ | (14 | ) |  | $ | (23 | )
Summary of Pension Plan Assets as of Measurement Date | Below is a summary allocation of all pension plan assets as of the measurement date.
|  | Weighted Average Allocation |
|  | Target |  |  | Actual |
|  | 2012 |  |  | 2012 |  |  | 2011 |
Asset Category |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  |  | 0-60 | % |  |  | 50 | % |  |  | 47 | %
Fixed income securities |  |  | 0-40 | % |  |  | 21 | % |  |  | 21 | %
Other |  |  | 0-100 | % |  |  | 29 | % |  |  | 32 | %
|  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Expected Future Pension Benefit Payments | The Company’s expected future pension benefit payments for Fiscal 2013 through its fiscal year 2022 are as follows:
Fiscal Year |  |  |
2013 |  | $ | 11,196 |
2014 |  |  | 10,301 |
2015 |  |  | 10,604 |
2016 |  |  | 10,939 |
2017 |  |  | 11,202 |
2018 to 2022 |  |  | 62,711 |
Fair Value of Pension Plan Assets | The following table sets forth the fair value of the Company’s pension plan assets:
|  |  |  | September 30, |
|  | Fair Value Hierarchy (a) |  | 2012 |  |  | 2011 |
U.S. defined benefit plan assets: |  |  |  |  |  |  |  |  |  |
Mutual funds — equity |  | Level 1 |  | $ | 20,520 |  |  | $ | 16,516 |
Common collective trusts — equity |  | Level 2 |  |  | 25,781 |  |  |  | 21,024 |
Common collective trusts — fixed income |  | Level 2 |  |  | 19,507 |  |  |  | 18,402 |
Other |  | Level 2 |  |  | 607 |  |  |  | 667 |
Total U.S. defined benefit plan assets |  |  |  |  | 66,415 |  |  |  | 56,609 |
International defined benefit plan assets: |  |  |  |  |  |  |  |  |  |
Common collective trusts — equity |  | Level 2 |  |  | 38,507 |  |  |  | 29,532 |
Common collective trusts — fixed income |  | Level 2 |  |  | 15,661 |  |  |  | 11,467 |
Insurance contracts — general fund |  | Level 2 |  |  | 40,651 |  |  |  | 37,987 |
Other |  | Level 2 |  |  | 7,387 |  |  |  | 8,073 |
Total International defined benefit plan assets |  |  |  |  | 102,206 |  |  |  | 87,059 |
Total defined benefit plan assets |  |  |  | $ | 168,621 |  |  | $ | 143,668 |
(a) | The fair value measurements of the Company’s defined benefit plan assets are based on unadjusted quoted prices for identical assets and liabilities in active markets (Level 1) for mutual funds and observable market price inputs (Level 2) for common collective trusts and other investments. Each collective trust’s valuation is based on its calculation of net asset value per share reflecting the fair value of its underlying investments. Since each of these collective trusts allows redemptions at net asset value per share at the measurement date, its valuation is categorized as a Level 2 fair value measurement. The fair values of insurance contracts and other investments are also based on observable market price inputs (Level 2).

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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