XML 58 R38.htm IDEA: XBRL DOCUMENT
v3.21.1

Leases (Tables) | 6 Months Ended
--- | ---
Apr. 04, 2021
Leases [Abstract] |
Summary of Leases Related to Consolidated Statement of Financial Position | The following is a summary of the leases recognized on the Company’s Condensed Consolidated Statements of Financial Position as of April 4, 2021 and September 30, 2020:
(in millions) |  | Line Item |  | April 4, 2021 |  | September 30, 2020
Assets |  |  |  |  |  |
Operating |  | Operating lease assets |  | $ | 103.0 |  |  | $ | 103.8 |
Finance |  | Property, plant and equipment, net |  | 129.8 |  |  | 136.3 |
Total leased assets |  |  |  | $ | 232.8 |  |  | $ | 240.1 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Other current liabilities |  | $ | 24.9 |  |  | $ | 22.4 |
Finance |  | Current portion of long-term debt |  | 12.0 |  |  | 12.1 |
Long-term |  |  |  |  |  |
Operating |  | Long-term operating lease liabilities |  | 86.2 |  |  | 88.8 |
Finance |  | Long-term debt, net of current portion |  | 144.4 |  |  | 148.4 |
Total lease liabilities |  |  |  | $ | 267.5 |  |  | $ | 271.7 |
Schedule of Lease Costs, Cash Paid, Weighted-Average Lease Term and Discount Rate | The components of lease costs recognized in the Condensed Consolidated Statements of Income for the three and six month periods ended April 4, 2021 and March 29, 2020 are as follows:
|  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | April 4, 2021 |  | March 29, 2020 |  | April 4, 2021 |  | March 29, 2020
Operating lease cost |  | $ | 7.6 |  |  | $ | 6.1 |  |  | $ | 15.4 |  |  | $ | 12.6 |
Finance lease cost |  |  |  |  |  |  |  |
Amortization of leased assets |  | 3.9 |  |  | 3.4 |  |  | 7.7 |  |  | 7.0 |
Interest on lease liability |  | 2.3 |  |  | 2.2 |  |  | 4.7 |  |  | 4.5 |
Variable lease cost |  | 3.2 |  |  | 3.3 |  |  | 5.9 |  |  | 5.8 |
Total lease cost |  | $ | 17.0 |  |  | $ | 15.0 |  |  | $ | 33.7 |  |  | $ | 29.9 |
The following is a summary of the Company’s cash paid for amounts included in the measurement of lease liabilities recognized in the Condensed Consolidated Statement of Cash Flow, including supplemental non-cash activity related to operating leases, for the three and six month periods ending April 4, 2021 and March 29, 2020:
|  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | April 4, 2021 |  | March 29, 2020 |  | April 4, 2021 |  | March 29, 2020
Operating cash flow from operating leases |  | $ | 7.8 |  |  | $ | 5.4 |  |  | $ | 14.9 |  |  | $ | 11.8 |
Operating cash flows from finance leases |  | 2.3 |  |  | 2.3 |  |  | 4.7 |  |  | 4.6 |
Financing cash flows from finance leases |  | 3.2 |  |  | 3.5 |  |  | 6.3 |  |  | 6.9 |
Supplemental non-cash flow disclosure |  |  |  |  |  |  |  |
Acquisition of operating lease asset through lease obligations |  | 2.1 |  |  | 1.8 |  |  | 11.0 |  |  | 4.3 |
The following is a summary of weighted-average lease term and discount rate at April 4, 2021 and September 30, 2020:
|  | April 4, 2021 |  | September 30, 2020
Weighted average remaining lease term |  |  |  |
Operating leases |  | 6.1 years |  | 6.6 years
Finance leases |  | 15.4 years |  | 15.6 years
Weighted average discount rate |  |  |  |
Operating leases |  | 4.6 | % |  | 4.7 | %
Finance leases |  | 5.7 | % |  | 5.6 | %
Schedule of Future Lease Payments Under Operating Leases | At April 4, 2021, future lease payments under operating and finance leases were as follows:
(in millions) |  | Finance Leases |  | Operating Leases
2021 remaining balance |  | $ | 10.4 |  |  | $ | 13.9 |
2022 |  | 18.5 |  |  | 25.5 |
2023 |  | 17.4 |  |  | 23.7 |
2024 |  | 17.0 |  |  | 15.1 |
2025 |  | 19.9 |  |  | 12.3 |
Thereafter |  | 162.5 |  |  | 38.5 |
Total lease payments |  | 245.7 |  |  | 129.0 |
Amount representing interest |  | (89.3) |  |  | (17.9) |
Total minimum lease payments |  | $ | 156.4 |  |  | $ | 111.1 |
Schedule of Future Lease Payments Under Finance Leases | At April 4, 2021, future lease payments under operating and finance leases were as follows:
(in millions) |  | Finance Leases |  | Operating Leases
2021 remaining balance |  | $ | 10.4 |  |  | $ | 13.9 |
2022 |  | 18.5 |  |  | 25.5 |
2023 |  | 17.4 |  |  | 23.7 |
2024 |  | 17.0 |  |  | 15.1 |
2025 |  | 19.9 |  |  | 12.3 |
Thereafter |  | 162.5 |  |  | 38.5 |
Total lease payments |  | 245.7 |  |  | 129.0 |
Amount representing interest |  | (89.3) |  |  | (17.9) |
Total minimum lease payments |  | $ | 156.4 |  |  | $ | 111.1 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | spb_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | spb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration