Employee Benefit Obligations Employee Benefit Obligations (Tables)

12 Months Ended

Sep. 30, 2014

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
	2014			2013			2014			2013
Change in benefit obligation
Benefit obligation, beginning of year	$	274.5		$	260.7		$	0.4		$	0.6
Liabilities assumed through acquisitions	—			14.7			—			—
Service cost	3.5			3.0			—			—
Interest cost	11.2			10.6			—			—
Actuarial loss (gain)	15.3			1.1			—			(0.1		)
Participant contributions	—			0.1			—			—
Curtailments	—			(1.5		)	—			(0.1		)
Benefits paid	(11.5		)	(17.4		)	—			—
Foreign currency exchange rate changes	(5.9		)	3.2			—			—
Benefit obligation, end of year	$	287.1		$	274.5		$	0.4		$	0.4
Change in plan assets
Fair value of plan assets, beginning of year	$	190.8		$	168.6		$	—		$	—
Assets acquired through acquisitions	—			6.7			—			—
Actual return on plan assets	13.8			18.3			—			—
Employer contributions	13.8			12.9			—			—
Employee contributions	—			0.1			—			—
Benefits paid	(11.5		)	(17.4		)	—			—
Foreign currency exchange rate changes	(2.4		)	1.6			—			—
Fair value of plan assets, end of year	$	204.5		$	190.8		$	—		$	—
Accrued Benefit Cost / Funded Status	$	(82.6	)	$	(83.7	)	$	(0.4	)	$	(0.4	)
Range of assumptions:
Discount rate	2.0% to 13.5%			1.8% to 13.0%			4.7		%	4.7		%
Expected return on plan assets	2.0% to 7.5%			3.6% 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 2015 through its fiscal year 2024 are as follows:



Fiscal Year	Future Benefit Payments
2015	$	13.8
2016	12.0
2017	12.2
2018	12.7
2019	13.7
2020 to 2024	72.1

Schedule of Allocation of Plan Assets

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



	Weighted Average Allocation
	Target		Actual
	2014		2014		2013
Asset Category
Equity securities	0-60%		27	%	52	%
Fixed income securities	0-40%		28	%	19	%
Other	0-100%		45	%	29	%
	100	%	100	%	100	%

The following tables sets forth the fair value of the Company’s pension plan assets, segregated by level within the fair value hierarchy.



	September 30, 2014
	Level 1		Level 2		Level 3		Total
Defined Benefit Plan Assets:
Equity Securities
U.S. equity securities	$	19.9	$	14.3	$	—	$	34.2
Foreign equity securities	11.1		9.7		—		20.8
Debt Securities
U.S. bonds	4.0		20.6		—		24.6
Foreign bonds	3.1		20.5		—		23.6
Foreign government bonds	—		8.6		—		8.6
Real estate	1.2		5.9		—		7.1
Life insurance contracts	—		37.7		—		37.7
Other	—		39.7		—		39.7
Foreign cash & cash equivalents	6.4		1.8		—		8.2
Total defined benefit plan assets	$	45.7	$	158.8	$	—	$	204.5



	September 30, 2013
	Level 1		Level 2		Level 3		Total
Defined Benefit Plan Assets:
Equity Securities
U.S. equity securities	$	18.5	$	24.5	$	—	$	43.0
Foreign equity securities	10.8		39.1		—		49.9
Debt Securities
U.S. bonds	2.3		19.7		—		22.0
Foreign bonds	—		10.7		—		10.7
Foreign government bonds	—		8.0		—		8.0
Real estate	1.2		5.4		—		6.6
Life insurance contracts	—		37.7		—		37.7
Other	—		1.0		—		1.0
Foreign cash & cash equivalents	6.6		5.3		—		11.9
Total defined benefit plan assets	$	39.4	$	151.4	$	—	$	190.8

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



	Pension and Deferred Compensation Benefits									Other Benefits
	Fiscal									Fiscal
	2014			2013			2012			2014		2013		2012
Components of net periodic cost:
Service cost	$	3.5		$	3.4		$	2.4		$	—	$	—	$	—
Interest cost	11.2			10.6			11.4			—		—		0.1
Expected return on assets	(11.0		)	(9.7		)	(9.1		)	—		—		—
Amortization of prior service cost	—			—			0.1			—		—		—
Curtailment gain	(0.1		)	(0.8		)	—			—		—		—
Recognized net actuarial loss(gain)	1.5			2.1			0.9			—		—		(0.1		)
Net periodic cost	$	5.1		$	5.6		$	5.7		$	—	$	—	$	—