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Restructuring and related charges | 12 Months Ended
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Sep. 30, 2014
Restructuring and Related Activities [Abstract] |
Restructuring and Related Charges | Restructuring and Related Charges The Company reports restructuring and related charges associated with manufacturing and related initiatives of Spectrum Brands in “Cost of consumer products and other goods sold.” Restructuring and related charges reflected in “Cost of consumer products and other goods sold” include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented. The Company reports restructuring and related charges relating to administrative functions of Spectrum Brands in “Selling, acquisition, operating and general expenses,” such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. Restructuring and related charges reflected in “Selling, acquisition, operating and general expenses” include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives. During the fourth quarter of Fiscal 2014, the Company implemented a series of initiatives throughout the Hardware & Home Improvement business segment to reduce operating costs and exit low margin business outside the U.S. (the “HHI Business Rationalization Initiatives”). These initiatives include headcount reductions, the exit of certain facilities and the sale of a portion of the Hardware & Home Improvement Canadian operations. In Fiscal 2013 and 2009, Spectrum Brands implemented a series of initiatives to reduce operating costs and to evaluate opportunities to improve its capital structure (the “Global Expense Rationalization Initiatives” and the “Global Cost Reduction Initiatives”). The following table summarizes restructuring and related charges incurred by the Global Expense Rationalization Initiatives, HHI Business Rationalization Initiatives, and the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for Fiscal 2014 and 2013 and where those charges are classified in the accompanying Consolidated Statements of Operations:
|  | Fiscal |  |  |  |  |  |  |  |
Initiatives: |  | 2014 |  | 2013 |  | 2012 |  | Charges Since Inception |  | Expected Future Charges |  | Total Projected Costs |  | Expected Completion Date
Global Expense Rationalization |  | $ | 13.4 |  |  | $ | 11.3 |  |  | $ | — |  |  | $ | 24.7 |  |  | $ | 21.8 |  |  | $ | 46.5 |  |  | September 30, 2015
HHI Business Rationalization initiatives |  | 4.5 |  |  | — |  |  | — |  |  | 4.5 |  |  | 4.5 |  |  | 9.0 |  |  | September 30, 2016
Global Cost Reduction |  | 1.3 |  |  | 16.4 |  |  | 18.7 |  |  | 100.7 |  |  | 4.4 |  |  | 105.1 |  |  | January 31, 2015
Other (a) |  | 3.7 |  |  | 6.3 |  |  | 0.9 |  |  |  |  |  |  |  |  |
|  | $ | 22.9 |  |  | $ | 34.0 |  |  | $ | 19.6 |  |  |  |  |  |  |  |  |
Classification: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of consumer products and other goods sold |  | $ | 3.7 |  |  | $ | 10.0 |  |  | $ | 9.8 |  |  |  |  |  |  |  |  |
Selling, acquisition, operating and general expenses |  | 19.2 |  |  | 24.0 |  |  | 9.8 |  |  |  |  |  |  |  |  |
|  | $ | 22.9 |  |  | $ | 34.0 |  |  | $ | 19.6 |  |  |  |  |  |  |  |  |
___________________ (a) Included in “Other initiatives” in the table above, Spectrum Brands also recorded $6.2 of restructuring and related charges during Fiscal 2013, related to initiatives implemented by the HHI Business prior to the acquisition by Spectrum Brands in December 2012. The following table summarizes restructuring and related charges incurred by type of charge and where those charges are classified in the accompanying Consolidated Statements of Operations:
|  | Year ended September 30,
|  | 2014 |  | 2013 |  | 2012
Costs included in cost of goods sold: |  |  |  |  |  |
Global Expense Rationalization Initiatives: |  |  |  |  |  |
Termination benefits |  | $ | 1.0 |  |  | $ | — |  |  | $ | — |
Global Cost Reduction Initiatives: |  |  |  |  |  |
Termination benefits |  | — |  |  | 0.2 |  |  | 2.9 |
Other associated benefits |  | 0.1 |  |  | 3.3 |  |  | 6.9 |
HHI Business and other restructuring initiatives: |  |  |  |  |  |
Termination benefits |  | — |  |  | 0.2 |  |  | — |
Other associated benefits |  | 2.6 |  |  | 6.3 |  |  | — |
Total included in cost of goods sold |  | 3.7 |  |  | 10.0 |  |  | 9.8 |
Costs included in selling, acquisition, operating and general expenses: |  |  |  |  |  |
Global Expense Rationalization Initiatives: |  |  |  |  |  |
Termination benefits |  | 5.5 |  |  | 10.3 |  |  | — |
Other associated benefits |  | 6.9 |  |  | 1.1 |  |  | — |
Global Cost Reduction Initiatives: |  |  |  |  |  |
Termination benefits |  | 0.2 |  |  | 6.3 |  |  | 3.1 |
Other associated benefits |  | 1.0 |  |  | 6.4 |  |  | 5.8 |
HHI Business and other restructuring initiatives: |  |  |  |  |  |
Termination benefits |  | 4.5 |  |  | — |  |  | — |
Other associated benefits |  | 1.1 |  |  | (0.1 | ) |  | 0.9 |
Total included in selling, acquisition, operating and general expenses: |  | 19.2 |  |  | 24.0 |  |  | 9.8 |
Total restructuring and related charges |  | $ | 22.9 |  |  | $ | 34.0 |  |  | $ | 19.6 |
The following table summarizes the remaining accrual balance associated with the initiatives and the activity during Fiscal 2014:
| Accrual Balance at September 30, 2013 |  | Provisions |  | Cash Expenditures |  | Non-Cash Items |  | Accrual Balance at September 30, 2014 |  | Expensed as Incurred (a)
Global Expense Rationalization Initiatives: |  |  |  |  |  |  |  |  |  |  |
Termination benefits | $ | 7.3 |  |  | $ | 3.5 |  |  | $ | (7.0 | ) |  | $ | 0.3 |  |  | $ | 4.1 |  |  | $ | 3.0 |
Other costs | — |  |  | 1.5 |  |  | — |  |  | (0.1 | ) |  | 1.4 |  |  | 5.4 |
| 7.3 |  |  | 5.0 |  |  | (7.0 | ) |  | 0.2 |  |  | 5.5 |  |  | 8.4 |
Global Cost Reduction Initiatives: |  |  |  |  |  |  |  |  |  |  |
Termination benefits | 4.9 |  |  | 0.2 |  |  | (3.5 | ) |  | (0.3 | ) |  | 1.3 |  |  | — |
Other costs | 0.4 |  |  | — |  |  | (0.7 | ) |  | 0.5 |  |  | 0.2 |  |  | 1.1 |
| 5.3 |  |  | 0.2 |  |  | (4.2 | ) |  | 0.2 |  |  | 1.5 |  |  | 1.1 |
HHI Business and other restructuring initiatives: | 4.1 |  |  | 5.6 |  |  | (4.3 | ) |  | (0.6 | ) |  | 4.8 |  |  | 2.6 |
| $ | 16.7 |  |  | $ | 10.8 |  |  | $ | (15.5 | ) |  | $ | (0.2 | ) |  | $ | 11.8 |  |  | $ | 12.1 |
___________________
(a) | Consists of amounts not impacting the accrual for restructuring and related charges.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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