Employee Benefit Obligations (Tables)

12 Months Ended

Sep. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations

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
	2013			2012			2013			2012
Change in benefit obligation
Benefit obligation, beginning of year	$	260.7		$	228.7		$	0.6		$	0.5
Liabilities assumed through acquisitions	14.7			—			—			—
Service cost	3.0			2.0			—			—
Interest cost	10.6			11.4			—			0.1
Actuarial loss (gain)	1.1			31.3			(0.1		)	—
Participant contributions	0.1			0.2			—			—
Curtailments	(1.5		)	—			(0.1		)	—
Benefits paid	(17.4		)	(10.9		)	—			—
Foreign currency exchange rate changes	3.2			(2.0		)	—			—
Benefit obligation, end of year	$	274.5		$	260.7		$	0.4		$	0.6
Change in plan assets
Fair value of plan assets, beginning of year	$	168.6		$	143.7		$	—		$	—
Assets acquired through acquisitions	6.7			—			—			—
Actual return on plan assets	18.3			22.3			—			—
Employer contributions	12.9			13.6			—			—
Employee contributions	0.1			0.2			—			—
Benefits paid	(17.4		)	(10.9		)	—			—
Plan expenses paid	—			—			—			—
Foreign currency exchange rate changes	1.6			(0.3		)	—			—
Fair value of plan assets, end of year	$	190.8		$	168.6		$	—		$	—
Accrued Benefit Cost / Funded Status	$	(83.7	)	$	(92.1	)	$	(0.4	)	$	(0.6	)
Range of assumptions:
Discount rate	1.8% to 13%			4% to 13.5%			4.7		%	4.0		%
Expected return on plan assets	3.6% to 7.8%			4% to 7.8%			N/A			N/A
Rate of compensation increase	2.3% to 5.5%			2.3% to 5.5%			N/A			N/A

Schedule of Expected Benefit Payments

The Company’s expected future pension benefit payments for Fiscal 2014 through its fiscal year 2023 are as follows:



Fiscal Year
2014	$	10.7
2015	10.0
2016	11.6
2017	11.9
2018	12.3
2019 to 2023	69.0

Schedule of Allocation of Plan Assets

The following table sets forth the fair value of the Company’s pension plan assets:



		September 30,
	Fair Value Hierarchy (a)	2013		2012
U.S. defined benefit plan assets:
Mutual funds — equity	Level 1	$	32.8	$	20.5
Common collective trusts — equity	Level 2	19.9		25.8
Common collective trusts — fixed income	Level 2	20.5		19.5
Other	Level 2	0.6		0.6
Total U.S. defined benefit plan assets		73.8		66.4
International defined benefit plan assets:
Common collective trusts — equity	Level 2	46.5		38.5
Common collective trusts — fixed income	Level 2	15.9		15.7
Insurance contracts — general fund	Level 2	37.7		40.6
Other	Level 1	6.6		—
Other	Level 2	10.3		7.4
Total International defined benefit plan assets		117.0		102.2
Total defined benefit plan assets		$	190.8	$	168.6

(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).

Below is a summary allocation of all pension plan assets as of the measurement date.



	Weighted Average Allocation
	Target		Actual
	2013		2013		2012
Asset Category
Equity securities	0-60%		52	%	50	%
Fixed income securities	0-40%		19	%	21	%
Other	0-100%		29	%	29	%
	100	%	100	%	100	%

Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made



	Pension and Deferred Compensation Benefits									Other Benefits
	Year ended September 30,									Year ended September 30,
	2013			2012			2011			2013		2012			2011
Components of net periodic benefit cost:
Service cost	$	3.4		$	2.4		$	2.7		$	—	$	—		$	—
Interest cost	10.6			11.4			11.2			—		0.1			0.1
Expected return on assets	(9.7		)	(9.1		)	(8.8		)	—		—			—
Amortization of prior service cost	—			0.1			—			—		—			—
Curtailment gain	(0.8		)	—			—			—		—			—
Recognized net actuarial (gain) loss	2.1			0.9			—			—		(0.1		)	(0.1		)
Net periodic cost (benefit)	$	5.6		$	5.7		$	5.1		$	—	$	—		$	—