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Employee Benefit Obligations Employee Benefit Obligations (Tables) | 12 Months Ended
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Sep. 30, 2016
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, 2016 and 2015, which principally relate to Spectrum Brands:
|  | U.S. Plans |  | Non U.S. Plans
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Change in benefit obligation |  |  |  |  |  |  |  |
Projected benefit obligation, beginning of year |  | $ | 93.2 |  |  | $ | 91.0 |  |  | $ | 184.4 |  |  | $ | 196.2 |
Obligations assumed from acquisitions |  | — |  |  | — |  |  | — |  |  | 0.6 |
Transfer of obligation |  | — |  |  | — |  |  | — |  |  | (1.8 | )
Service cost |  | 0.6 |  |  | 0.8 |  |  | 2.6 |  |  | 2.6 |
Interest cost |  | 3.7 |  |  | 3.7 |  |  | 5.7 |  |  | 6.2 |
Actuarial loss |  | 6.8 |  |  | 3.1 |  |  | 36.0 |  |  | 10.6 |
Curtailments |  | — |  |  | — |  |  | — |  |  | (0.9 | )
Benefits paid |  | (5.6 | ) |  | (5.4 | ) |  | (6.1 | ) |  | (11.8 | )
Foreign currency exchange rate changes |  | — |  |  | — |  |  | (12.0 | ) |  | (17.3 | )
Projected benefit obligation, end of year |  | $ | 98.7 |  |  | $ | 93.2 |  |  | $ | 210.6 |  |  | $ | 184.4 |
Change in plan assets |  |  |  |  |  |  |  |
Fair value of plan assets, beginning of year |  | $ | 72.6 |  |  | $ | 78.0 |  |  | $ | 116.9 |  |  | $ | 126.5 |
Actual return on plan assets |  | 6.5 |  |  | (1.0 | ) |  | 8.9 |  |  | 3.6 |
Employer contributions |  | 4.2 |  |  | 1.0 |  |  | 6.6 |  |  | 7.8 |
Benefits paid |  | (5.6 | ) |  | (5.4 | ) |  | (6.1 | ) |  | (11.8 | )
Foreign currency exchange rate changes |  | — |  |  | — |  |  | (11.3 | ) |  | (9.2 | )
Fair value of plan assets, end of year |  | $ | 77.7 |  |  | $ | 72.6 |  |  | $ | 115.0 |  |  | $ | 116.9 |
Accrued Benefit Cost / Funded Status |  | $ | (21.0 | ) |  | $ | (20.6 | ) |  | $ | (95.6 | ) |  | $ | (67.5 | )
Weighted average assumptions: |  |  |  |  |  |  |  |
Discount rate |  | 2.8% to 3.5% |  | 3.4% to 4.3% |  | 1.0% to 13.5% |  | 1.8% to 13.8%
Expected return on plan assets |  | 7.0% |  | 7.0% to 7.3% |  | 1.0% to 3.7% |  | 3.5% to 5.3%
Rate of compensation increase |  | N/A |  | N/A |  | 2.3% to 7.0% |  | 2.3% to 5.5%
Schedule of Expected Benefit Payments | The following benefit payments were expected to be paid as of September 30, 2016:
Fiscal Year |  | U.S. Plans |  | Non U.S. Plans
2017 |  | $ | 5.2 |  |  | $ | 5.4 |
2018 |  | 5.3 |  |  | 5.7 |
2019 |  | 5.4 |  |  | 6.4 |
2020 |  | 5.5 |  |  | 6.8 |
2021 |  | 5.6 |  |  | 7.0 |
2022 to 2026 |  | 27.5 |  |  | 40.0 |
Schedule of Allocation of Plan Assets | The fair value of pension plan assets by asset category as of September 30, 2016 and 2015 were as follows:
|  | September 30, 2016
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Defined Benefit Plan Assets: |  |  |  |  |  |  |  |
Equity Securities |  |  |  |  |  |  |  |
U.S. equity securities |  | $ | 22.2 |  |  | $ | 11.8 |  |  | $ | — |  |  | $ | 34.0 |
Foreign equity securities |  | 10.4 |  |  | 2.3 |  |  | — |  |  | 12.7 |
Debt Securities |  |  |  |  |  |  |  |
U.S. bonds |  | 19.6 |  |  | 7.1 |  |  | — |  |  | 26.7 |
Foreign bonds |  | 1.9 |  |  | 24.1 |  |  | — |  |  | 26.0 |
Real estate |  | 1.7 |  |  | 5.8 |  |  | — |  |  | 7.5 |
Life insurance contracts |  | — |  |  | 37.0 |  |  | — |  |  | 37.0 |
Other |  | — |  |  | 35.1 |  |  | — |  |  | 35.1 |
Foreign cash & cash equivalents |  | 13.7 |  |  | — |  |  | — |  |  | 13.7 |
Total defined benefit plan assets |  | $ | 69.5 |  |  | $ | 123.2 |  |  | $ | — |  |  | $ | 192.7 |
|  | 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 |
Below is a summary allocation of all pension plan assets as of September 30, 2016 and 2015:
|  | U.S. Plans |  | Non U.S. Plans
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Asset Type |  |  |  |  |  |  |  |
Equity securities |  | 61 | % |  | 62 | % |  | — | % |  | 6 | %
Fixed income securities |  | 36 | % |  | 35 | % |  | 23 | % |  | 25 | %
Other |  | 3 | % |  | 3 | % |  | 77 | % |  | 69 | %
Total |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made |
|  | U.S. Plans |  | Non U.S. Plans
|  | Fiscal |  | Fiscal
|  | 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Components of net periodic cost: |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 0.6 |  |  | $ | 0.8 |  |  | $ | 0.5 |  |  | $ | 2.6 |  |  | $ | 2.6 |  |  | $ | 3.0 |
Interest cost |  | 3.7 |  |  | 3.7 |  |  | 3.8 |  |  | 5.7 |  |  | 6.2 |  |  | 7.4 |
Expected return on assets |  | (5.2 | ) |  | (5.6 | ) |  | (5.2 | ) |  | (4.2 | ) |  | (5.2 | ) |  | (5.8 | )
Curtailment gain |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | 0.7 |  |  | (0.1 | )
Recognized net actuarial loss |  | 0.7 |  |  | 0.2 |  |  | 0.1 |  |  | 0.8 |  |  | 1.3 |  |  | 1.4 |
Net periodic cost |  | $ | (0.2 | ) |  | $ | (0.9 | ) |  | $ | (0.8 | ) |  | $ | 5.0 |  |  | $ | 5.6 |  |  | $ | 5.9 |
Weighted average assumptions: |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  | 3.4% to 4.3% |  | 3.5% to 4.2% |  | 3.6% to 4.7% |  | 1.8% to 13.8% |  | 2.0% to 13.5% |  | 2.3% to 12.5%
Expected return on plan assets |  | 7.0% to 7.3% |  | 7.3% to 7.5% |  | 7.3% to 7.8% |  | 1.8% to 4.5% |  | 2.0% to 5.3% |  | 4.0% to 5.8%
Rate of compensation increase |  | N/A |  | N/A |  | N/A |  | 2.3% to 5.5% |  | 2.3% to 5.5% |  | 2.3% to 5.5%

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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