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Other Required Disclosures (Tables) | 3 Months Ended
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Dec. 30, 2012
Components of Receivables, Net | “Receivables, net” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
|  | December 30, 2012 |  |  | September 30, 2012 |
Trade accounts receivable |  | $ | 505.4 |  |  | $ | 357.2 |
Contingent purchase price reduction receivable (Note 13) |  |  | 41.0 |  |  |  | 41.0 |
Other receivables |  |  | 44.5 |  |  |  | 38.1 |
Total receivables |  |  | 590.9 |  |  |  | 436.3 |
Less: Allowance for doubtful trade accounts receivable |  |  | 24.2 |  |  |  | 21.9 |
Total receivables, net |  | $ | 566.7 |  |  | $ | 414.4 |
Components of Inventories | Inventories Inventories of Spectrum Brands, which are stated at the lower of cost (using the first-in, first-out method) or market, consist of the following:
|  | December 30, 2012 |  |  | September 30, 2012 |
Raw materials |  | $ | 103.1 |  |  | $ | 58.5 |
Work-in-process |  |  | 44.2 |  |  |  | 23.4 |
Finished goods |  |  | 531.9 |  |  |  | 370.7 |
Total inventories |  | $ | 679.2 |  |  | $ | 452.6 |
Components of Properties | Properties, net consist of the following:
|  | December 30, 2012 |  |  | September 30, 2012 |
Land, buildings and improvements |  | $ | 94.9 |  |  | $ | 93.6 |
Machinery, equipment and other |  |  | 441.5 |  |  |  | 325.7 |
Construction in progress |  |  | 19.8 |  |  |  | 18.4 |
Total properties, at cost |  |  | 556.2 |  |  |  | 437.7 |
Less accumulated depreciation |  |  | 228.2 |  |  |  | 216.1 |
Total properties, net |  | $ | 328.0 |  |  | $ | 221.6 |
Schedule of Other Assets | “Other assets” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
|  | December 30, 2012 |  |  | September 30, 2012 |
Prepaid expenses and other current assets |  | $ | 181.2 |  |  | $ | 53.1 |
Debt issuance costs |  |  | 95.7 |  |  |  | 50.9 |
Deferred charges and other assets |  |  | 70.3 |  |  |  | 68.6 |
Total other assets |  | $ | 347.2 |  |  | $ | 172.6 |
Components of Accounts Payable and Other Current Liabilities | “Accounts payable and other current liabilities” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
|  | December 30, 2012 |  |  | September 30, 2012 |
Accounts payable |  | $ | 411.7 |  |  | $ | 325.9 |
Wages and benefits |  |  | 76.1 |  |  |  | 110.9 |
Income taxes payable |  |  | 17.6 |  |  |  | 96.6 |
Accrued interest |  |  | 22.1 |  |  |  | 50.4 |
Accrued expenses |  |  | 27.6 |  |  |  | 25.1 |
Accrued dividends on Preferred Stock |  |  | 8.4 |  |  |  | 8.3 |
Restructuring and related charges |  |  | 8.5 |  |  |  | 6.6 |
Other |  |  | 164.2 |  |  |  | 130.4 |
Total accounts payable and other current liabilities |  | $ | 736.2 |  |  | $ | 754.2 |
Schedule of Other Liabilities | “Other liabilities” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
|  | December 30, 2012 |  |  | September 30, 2012 |
Amounts payable for investment purchases |  | $ | 9.3 |  |  | $ | 206.7 |
Retained asset account |  |  | 192.7 |  |  |  | 203.7 |
Funds withheld from reinsurers |  |  | 54.1 |  |  |  | 54.7 |
Amounts payable to reinsurers |  |  | 31.8 |  |  |  | 32.0 |
Remittances and items not allocated |  |  | 35.9 |  |  |  | 29.5 |
Other |  |  | 93.0 |  |  |  | 128.7 |
Total other liabilities |  | $ | 416.8 |  |  | $ | 655.3 |
Summarization of Restructuring and Related Charges | The following table summarizes restructuring and related charges incurred by the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three months ended December 30, 2012 and January 1, 2012 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
|  | Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 30, 2012 |  |  | January 1, 2012 |  |  | Charges Since Inception |  |  | Expected Future Charges |  |  | Total Projected Costs |  |  | Expected Completion Date |
Initiatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Cost Reduction |  | $ | 6.5 |  |  | $ | 7.1 |  |  | $ | 89.5 |  |  | $ | 8.3 |  |  | $ | 97.8 |  |  |  | January 31, 2015 |
Other |  |  | 0.1 |  |  |  | 0.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | $ | 6.6 |  |  | $ | 7.7 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classification: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer products cost of goods sold |  | $ | 1.1 |  |  | $ | 4.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, acquisition, operating and general expenses |  |  | 5.5 |  |  |  | 3.1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | $ | 6.6 |  |  | $ | 7.7 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Summarization of Remaining Accrual Balance Associated with Initiatives and Activity | The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the three months ended December 30, 2012:
|  | Accrual Balance at September 30, 2012 |  |  | Provisions |  |  | Cash Expenditures |  |  | Accrual Balance at December 30, 2012 |  |  | Expensed as Incurred(a) |
Global Cost Reduction Initiatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Termination benefits |  | $ | 3.3 |  |  | $ | 3.8 |  |  | $ | (1.5 | ) |  | $ | 5.6 |  |  | $ | 0.2 |
Other costs |  |  | 1.1 |  |  |  | 0.1 |  |  |  | (0.3 | ) |  |  | 0.9 |  |  |  | 2.4 |
|  |  | 4.4 |  |  |  | 3.9 |  |  |  | (1.8 | ) |  |  | 6.5 |  |  |  | 2.6 |
Other initiatives |  |  | 2.2 |  |  |  | — |  |  |  | (0.2 | ) |  |  | 2.0 |  |  |  | 0.1 |
|  | $ | 6.6 |  |  | $ | 3.9 |  |  | $ | (2.0 | ) |  | $ | 8.5 |  |  | $ | 2.7 |
(a) | Consists of amounts not impacting the accrual for restructuring and related charges.

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