Employee Benefit Obligations Employee Benefit Obligations (Tables)

12 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations

The following tables provide additional information on the Company’s pension plans as of September 30, 2015 and 2014, which principally relate to Spectrum Brands:



	U.S. Plans						Non U.S. Plans
	2015			2014			2015			2014
Change in benefit obligation
Projected benefit obligation, beginning of year	$	91.0		$	85.3		$	196.1		$	189.2
Obligations assumed from acquisitions	—			—			0.6			—
Transfer of obligation	—			—			(1.8		)	—
Service cost	0.8			0.5			2.6			3.0
Interest cost	3.7			3.8			6.2			7.4
Actuarial loss (gain)	3.1			6.7			10.6			8.6
Curtailments	—			—			(0.9		)	—
Benefits paid	(5.4		)	(5.3		)	(11.8		)	(6.2		)
Foreign currency exchange rate changes	—			—			(17.3		)	(5.9		)
Projected benefit obligation, end of year	$	93.2		$	91.0		$	184.3		$	196.1
Change in plan assets
Fair value of plan assets, beginning of year	$	78.0		$	73.8		$	126.5		$	117.0
Actual return on plan assets	(1.0		)	6.1			3.6			7.7
Employer contributions	1.0			3.4			7.8			10.4
Benefits paid	(5.4		)	(5.3		)	(11.8		)	(6.2		)
Foreign currency exchange rate changes	—			—			(9.2		)	(2.4		)
Fair value of plan assets, end of year	$	72.6		$	78.0		$	116.9		$	126.5
Accrued Benefit Cost / Funded Status	$	(20.6	)	$	(13.0	)	$	(67.4	)	$	(69.6	)
Weighted average assumptions:
Discount rate	3.4% to 4.3%			3.5% to 4.2%			1.8% to 13.8%			2.0% to 13.5%
Expected return on plan assets	7.0% to 7.3%			7.3% to 7.5%			3.5% to 5.3%			2.0% to 5.3%
Rate of compensation increase	N/A			N/A			2.3% to 5.5%			2.3% to 5.5%

Schedule of Expected Benefit Payments

The following benefit payments were expected to be paid as of September 30, 2015 and 2014:



Fiscal Year	U.S. Plans		Non U.S. Plans
2016	$	5.4	$	5.4
2017	5.3		5.7
2018	5.5		6.1
2019	5.6		6.9
2020	5.6		6.8
2021 to 2025	28.1		39.4

Schedule of Allocation of Plan Assets

Below is a summary allocation of all pension plan assets as of September 30, 2015 and 2014:



	U.S. Plans				Non U.S. Plans
	2015		2014		2015		2014
Asset Type
Equity securities	62	%	61	%	6	%	6	%
Fixed income securities	35	%	36	%	25	%	22	%
Other	3	%	3	%	69	%	72	%
Total	100	%	100	%	100	%	100	%

The fair value of pension plan assets by asset category as of September 30, 2015 and 2014 were as follows:



	September 30, 2015
	Level 1		Level 2		Level 3		Total
Defined Benefit Plan Assets:
Equity Securities
U.S. equity securities	$	18.6	$	13.0	$	—	$	31.6
Foreign equity securities	10.5		8.4		—		18.9
Debt Securities
U.S. bonds	18.2		6.8		—		25.0
Foreign bonds	3.0		15.1		—		18.1
Foreign government bonds	—		11.2		—		11.2
Real estate	1.2		6.0		—		7.2
Life insurance contracts	—		35.5		—		35.5
Other	—		33.9		—		33.9
Foreign cash & cash equivalents	8.1		—		—		8.1
Total defined benefit plan assets	$	59.6	$	129.9	$	—	$	189.5



	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

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



	U.S. Plans									Non U.S. Plans
	Fiscal									Fiscal
	2015			2014			2013			2015			2014			2013
Components of net periodic cost:
Service cost	$	0.8		$	0.5		$	0.6		$	2.6		$	3.0		$	2.8
Interest cost	3.7			3.8			3.5			6.2			7.4			7.1
Expected return on assets	(5.6		)	(5.2		)	(4.7		)	(5.2		)	(5.8		)	(5.0		)
Curtailment gain	—			—			—			0.7			(0.1		)	(0.8		)
Recognized net actuarial loss (gain)	0.2			0.1			1.2			1.3			1.4			0.9
Net periodic cost	$	(0.9	)	$	(0.8	)	$	0.6		$	5.6		$	5.9		$	5.0
Weighted average assumptions:
Discount rate	3.5% to 4.2%			3.6% to 4.7%			3.8% to 4.2%			2.0% to 13.5%			2.3% to 12.5%			1.8% to 13.0%
Expected return on plan assets	7.3% to 7.5%			7.3% to 7.8%			7.3% to 7.8%			2.0% to 5.3%			4.0% to 5.8%			3.6% to 5.0%
Rate of compensation increase	N/A			N/A			N/A			2.0% to 5.5%			2.3% to 5.5%			2.3% to 5.5%