XML 74 R44.htm IDEA: XBRL DOCUMENT
v3.21.2

DEBT (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | Debt as of September 30, 2021 and 2020 consists of the following:
|  | 2021 |  | 2020 |  |  |  |
(in millions) |  | Amount |  | Rate |  | Amount |  | Rate |  |  |  |  |  |  |  |
Spectrum Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolver Facility, variable rate, expiring June 30, 2025 |  | $ | — |  |  | — | % |  | $ | — |  |  | — | % |  |  |  |  |  |  |  |
Term Loan Facility, variable rate, due March 3, 2028 |  | 398.0 |  |  | 2.5 | % |  | — |  |  | — | % |  |  |  |  |  |  |  |
6.125% Notes, due December 15, 2024 |  | — |  |  | — | % |  | 250.0 |  |  | 6.1 | % |  |  |  |  |  |  |  |
5.75% Notes, due July 15, 2025 |  | 450.0 |  |  | 5.8 | % |  | 1,000.0 |  |  | 5.8 | % |  |  |  |  |  |  |  |
4.00% Notes, due October 1, 2026 |  | 492.9 |  |  | 4.0 | % |  | 499.1 |  |  | 4.0 | % |  |  |  |  |  |  |  |
5.00% Notes, due October 1, 2029 |  | 300.0 |  |  | 5.0 | % |  | 300.0 |  |  | 5.0 | % |  |  |  |  |  |  |  |
5.50% Notes, due July 15, 2030 |  | 300.0 |  |  | 5.5 | % |  | 300.0 |  |  | 5.5 | % |  |  |  |  |  |  |  |
3.875% Notes, due March 15, 2031 |  | 500.0 |  |  | 3.9 | % |  | — |  |  | — | % |  |  |  |  |  |  |  |
Other notes and obligations |  | — |  |  | — | % |  | 3.2 |  |  | 7.6 | % |  |  |  |  |  |  |  |
Obligations under finance leases |  | 101.9 |  |  | 4.9 | % |  | 103.7 |  |  | 5.3 | % |  |  |  |  |  |  |  |
Total Spectrum Brands, Inc. debt |  | 2,542.8 |  |  |  |  | 2,456.0 |  |  |  |  |  |  |  |  |  |  |
Unamortized discount on debt |  | (0.9) |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |
Debt issuance costs |  | (35.6) |  |  |  |  | (36.5) |  |  |  |  |  |  |  |  |  |  |
Less current portion |  | (12.0) |  |  |  |  | (13.9) |  |  |  |  |  |  |  |  |  |  |
Long-term debt, net of current portion |  | $ | 2,494.3 |  |  |  |  | $ | 2,405.6 |  |  |  |  |  |  |  |  |  |  |
Schedule of Maturities of Debt Obligations | The Company’s aggregate scheduled maturities of debt obligations are as follows, excluding obligations under capital leases. See Note 13 - Leases for scheduled maturities of obligations under capital leases:
(in millions) |  | Amount |  |
2022 |  | $ | 4.0 |  |  |
2023 |  | 4.0 |  |  |
2024 |  | 4.0 |  |  |
2025 |  | 454.0 |  |  |
2026 |  | 4.0 |  |  |
Thereafter |  | 1,970.9 |  |  |
Total long-term debt |  | $ | 2,440.9 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration