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Other Required Disclosures (Tables)

3 Months Ended

Dec. 30, 2012

“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.

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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