Restructuring and related charges

12 Months Ended

Sep. 30, 2015

Restructuring and Related Activities [Abstract]

During the fourth quarter of Fiscal 2014, Spectrum Brands 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 during the Fiscal 2015, 2014 and 2013 where those charges are classified in the accompanying Consolidated Statements of Operations:



	Fiscal
Initiatives:	2015		2014		2013		Charges Since Inception		Expected Future Charges		Total Projected Costs		Expected Completion Date
Global Expense Rationalization	$	17.1	$	13.4	$	11.3	$	41.8	$	3.9	$	45.7	September 30, 2018
HHI Business Rationalization Initiatives	10.3		4.5		—		14.8		0.2		15.0		September 30, 2016
Global Cost Reduction	1.2		1.3		16.4		101.8		—		101.8		September 30, 2015
Other (a)	0.1		3.7		6.3
Total restructuring and related charges	$	28.7	$	22.9	$	34.0

Classification:
Cost of consumer products and other goods sold	$	2.1	$	3.7	$	10.0
Selling, acquisition, operating and general expenses	26.6		19.2		24.0
Total restructuring and related charges	$	28.7	$	22.9	$	34.0

______________________________

(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.