Rayovac 2015 Annual Report Download - page 131

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SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
NOTE 7—PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment as of September 30, 2015 and 2014 consist of the following:
2015 2014
(in millions)
Land, buildings and improvements .................... $190.9 $ 159.8
Machinery, equipment and other ...................... 491.9 402.9
Capitalized leases .................................. 97.3 98.5
Construction in progress ............................. 51.8 32.2
Property, plant and equipment ........................ $831.9 $ 693.4
Accumulated depreciation ........................... (324.8) (264.5)
Property, plant and equipment, net ..................... $507.1 $ 428.9
NOTE 8—GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill by reporting segment was as follows:
Global Batteries
& Appliances
Hardware &
Home
Improvement
Global Pet
Supplies
Home
and
Garden
Global
Auto
Care Total
(in millions)
Balance, as of September 30, 2013 ..... $333.5 $714.7 $239.1 $189.4 $ — $1,476.7
Liquid Fence acquisition ............. — — — 7.1 — 7.1
Adjustments ....................... — 3.5 — — — 3.5
Foreign currency impact ............. (6.1) (8.4) (3.2) — — (17.7)
Balance, as of September 30, 2014 ..... 327.4 709.8 235.9 196.5 — 1,469.6
AAG acquisition ................... 38.9 — — — 933.2 972.1
European IAMS and Eukanuba
acquisition ...................... — — 4.0 — — 4.0
Salix acquisition .................... — — 71.5 — — 71.5
Tell Manufacturing acquisition ........ — 7.1 — — — 7.1
Foreign currency impact ............. (17.8) (17.4) (11.8) — (0.6) (47.6)
Balance, as of September 30, 2015 ..... $348.5 $699.5 $299.6 $196.5 $932.6 $2,476.7
Definite-lived intangible assets as of September 30, 2015 and 2014 consist of the following:
2015 2014
Gross
Carrying
Amount
Accumulated
Amortization Net
Gross
Carrying
Amount
Accumulated
Amortization Net
(in millions)
Customer relationships ................. $ 985.2 $(247.4) $737.8 $ 877.2 $(204.6) $672.6
Technology assets ..................... 238.6 (78.1) 160.5 192.2 (57.6) 134.6
Tradenames .......................... 165.4 (73.7) 91.7 171.0 (61.0) 110.0
Total ............................... $1,389.2 $(399.2) $990.0 $1,240.4 $(323.2) $917.2
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