Rayovac 2015 Annual Report Download - page 108

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SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
Segment Products Brands Regions
Global Pet
Supplies
Pet supplies: Dog, cat and small
animal food and treats; clean-up and
training aid products and accessories;
pet health and grooming products;
aquariums and aquatic health
supplies.
Pet Supplies: 8-in-1, Dingo, Nature’s
Miracle, Wild Harvest, Littermaid,
Tetra, Marineland, Whisper, Jungle,
Instant Ocean, FURminator, IAMS,
Eukanuba, Healthy-Hide, Digest-
eeze.
North America
Europe/MEA
Latin America
Asia-Pacific
Home and
Garden
Home and garden: Household
insecticides; insect and animal
repellent products; insect and weed
control solutions.
Home and garden: Cutter, Repel,
Spectracide, Garden Safe, Liquid
Fence, Hot Shot, Black Flag.
North America
Latin America
Global Auto
Care(1)
Auto care: Aftermarket appearance
products; performance chemicals &
additives; do-it-yourself air
conditioner recharge products.
Auto care: Armor All, STP, A/C
PRO.
North America
Europe/MEA
Latin America
Asia-Pacific
(1) On May 21, 2015, the Company acquired Armored AutoGroup Parent, Inc. (“AAG”). For more information
pertaining to the AAG acquisition, see Note 3, “Acquisitions.”
NOTE 2—SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES
Principles of Consolidation and Fiscal Year End
The consolidated financial statements include the financial statements of the Company and its majority owned
subsidiaries and have been prepared in accordance with Accounting Principles Generally Accepted in the United
States (“GAAP”). All intercompany transactions have been eliminated.
The Company’s fiscal year ends on September 30. Throughout the year, the Company reports its results
using fiscal quarters whereby each three month quarterly reporting period is approximately thirteen weeks in
length and ends on a Sunday. The exceptions are the first quarter, which begins on October 1, and the fourth
quarter, which ends on September 30. For the year ended September 30, 2015, the fiscal quarters were comprised
of the three months ended December 28, 2014, and March 29, June 28 and September 30, 2015.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents
The Company considers all highly liquid temporary instruments purchased with original maturities of three
months or less from date of purchase to be cash equivalents.
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