XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2017
Derivative [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | Commodity Swaps. Spectrum Brands periodically enters into commodity swap contracts to economically hedge the risk from fluctuating prices for raw materials, specifically the pass-through of market prices for silver used in manufacturing purchased watch batteries. Spectrum Brands hedges a portion of the risk associated with these materials through the use of commodity swaps. The commodity swap contracts are designated as economic hedges with the unrealized gain or loss recorded in earnings and as an asset or liability at each period end. The unrecognized changes in the fair value of the commodity swap contracts are adjusted through earnings when the realized gains or losses affect earnings upon settlement of the commodity swap contracts. The commodity swap contracts effectively fix the floating price on a specified quantity of silver through a specified date. At June 30, 2017, Spectrum Brands had a series of commodity swaps outstanding through November 2018. Spectrum Brands had the following commodity swaps outstanding as of June 30, 2017 and September 30, 2016:
|  | June 30, 2017 |  | September 30, 2016
|  | Notional |  | Contract Value |  | Notional |  | Contract Value
Silver (troy oz.) |  | 27.0 |  | $ | 0.5 |  |  | 31.0 |  | $ | 0.6 |
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivatives recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Asset Derivatives |  | Classification |  | June 30, 2017 |  | September 30, 2016
Derivatives designated as hedging instruments: |  |  |  |  |  |
Commodity swaps |  | Receivables, net |  | $ | 2.1 |  |  | $ | 2.9 |
Foreign exchange contracts |  | Receivables, net |  | 0.1 |  |  | 5.5 |
Interest rate swaps |  | Other assets |  | 0.2 |  |  | — |
Commodity swaps |  | Other assets |  | 0.2 |  |  | — |
Foreign exchange contracts |  | Other assets |  | — |  |  | 0.1 |
Total asset derivatives designated as hedging instruments |  |  |  | 2.6 |  |  | 8.5 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Other assets |  | 0.3 |  |  | 0.2 |
Total asset derivatives |  |  |  | $ | 2.9 |  |  | $ | 8.7 |
Liability Derivatives |  | Classification |  | June 30, 2017 |  | September 30, 2016
Derivatives designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Accounts payable and other current liabilities |  | $ | 7.6 |  |  | $ | 1.7 |
Foreign exchange contracts |  | Other liabilities |  | 1.1 |  |  | 0.1 |
Interest rate swaps |  | Other liabilities |  | 1.0 |  |  | 0.4 |
Commodity swaps |  | Accounts payable and other current liabilities |  | 0.1 |  |  | 0.1 |
Interest rate swaps |  | Accounts payable and other current liabilities |  | — |  |  | 0.7 |
Total liability derivatives designated as hedging instruments |  |  |  | 9.8 |  |  | 3.0 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Accounts payable and other current liabilities |  | 1.0 |  |  | 0.2 |
Total liability derivatives |  |  |  | $ | 10.8 |  |  | $ | 3.2 |
Summary of Gain (Loss) Recognized in Income on Derivatives | During the three and nine months ended June 30, 2017 and 2016, the Company recognized the following gains and losses on its derivatives:
|  |  |  | Three months ended June 30, |  | Nine months ended June 30,
|  | Classification |  | 2017 |  | 2016 |  | 2017 |  | 2016
Commodity swaps |  | Cost of goods sold |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |
Foreign exchange contracts |  | Other (expense) income, net |  | (1.0 | ) |  | 0.8 |  |  | (2.4 | ) |  | 1.6 |
Impact of effective and ineffective portions of cash flow hedges and gain (loss) realized in statement of operations [Table Text Block] | The following tables summarize the impact of the effective portion of designated hedges and the gain (loss) recognized in the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended June 30, 2017 and 2016:
|  |  |  | Three months ended June 30,
|  |  |  | 2017 |  | 2016
|  | Classification |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings
Interest rate swaps |  | Interest expense |  | $ | (0.7 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (0.4 | )
Commodity swaps |  | Cost of goods sold |  | (0.5 | ) |  | 1.3 |  |  | 2.1 |  |  | (0.8 | )
Net investment hedge |  | Other (expense) income, net |  | (32.6 | ) |  | — |  |  | — |  |  | — |
Foreign exchange contracts |  | Net sales |  | 0.2 |  |  | — |  |  | (0.3 | ) |  | — |
Foreign exchange contracts |  | Cost of goods sold |  | (10.3 | ) |  | 1.3 |  |  | 8.0 |  |  | 0.1 |
|  |  |  | $ | (43.9 | ) |  | $ | 2.6 |  |  | $ | 9.6 |  |  | $ | (1.1 | )
|  |  |  | Nine months ended June 30,
|  |  |  | 2017 |  | 2016
|  | Classification |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings
Interest rate swaps |  | Interest expense |  | $ | (1.0 | ) |  | $ | (1.0 | ) |  | $ | (0.5 | ) |  | $ | (1.4 | )
Commodity swaps |  | Cost of goods sold |  | 3.3 |  |  | 3.8 |  |  | 2.9 |  |  | (3.8 | )
Net investment hedge |  | Other (expense) income, net |  | (9.3 | ) |  | — |  |  | — |  |  | — |
Foreign exchange contracts |  | Net sales |  | 0.3 |  |  | — |  |  | (0.4 | ) |  | — |
Foreign exchange contracts |  | Cost of goods sold |  | (4.4 | ) |  | 8.4 |  |  | 6.8 |  |  | 5.0 |
|  |  |  | $ | (11.1 | ) |  | $ | 11.2 |  |  | $ | 8.8 |  |  | $ | (0.2 | )

X
- Definition [Table Text Block] for Impact of effective and ineffective portions of cash flow hedges and gain (loss) realized in statement of operations [Table] + References No definition available. + Details
Name: | hrg_ImpactofeffectiveandineffectiveportionsofcashflowhedgesandgainlossrealizedinstatementofoperationsTableTextBlock
Namespace Prefix: | hrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration