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SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
through September 30, 2018. The following summarizes costs incurred for the years ended September 30, 2015,
2014, and 2013 by type and cumulative costs incurred through September 30, 2015.
Termination
Benefits
Other
Costs Total
(in millions)
Cost of Goods Sold:
For the year ended September 30, 2015 ............. $ 0.4 $— $ 0.4
For the year ended September 30, 2014 ............. 1.0 — 1.0
For the year ended September 30, 2013 ............. — — —
Operating Expenses:
For the year ended September 30, 2015 ............. 8.0 8.7 16.7
For the year ended September 30, 2014 ............. 5.5 6.9 12.4
For the year ended September 30, 2013 ............. 10.2 1.1 11.3
Cumulative costs through September 30, 2015 ........... 25.1 16.7 41.8
The following summarizes the costs incurred for the years ended September 30, 2015, 2014 and 2013, the
cumulative amount incurred to date and total future expected costs to be incurred related to this initiative by
reporting segment.
Global
Batteries &
Appliances
Global Pet
Supplies Corporate Total
(in millions)
Restructuring and related charges:
For the year ended September 30, 2015 ........ $ 8.1 $ 8.7 $0.3 $17.1
For the year ended September 30, 2014 ........ 11.1 1.8 0.5 13.4
For the year ended September 30, 2013 ........ 10.0 — 1.3 11.3
Cumulative costs through September 30, 2015 ....... 29.2 10.5 2.1 41.8
Future costs to be incurred ....................... 1.2 2.7 — 3.9
The following is a rollforward of the restructuring accrual related to the global expense rationalization
initiative for 2015 and 2014.
Termination
Benefits Other Costs Total
(in millions)
Accrual balance at September 30, 2013 ............. $7.3 $— $7.3
Provisions .................................... 3.5 1.5 5.0
Cash expenditures .............................. (7.0) — (7.0)
Non-cash items ................................ 0.3 (0.1) 0.2
Accrual balance at September 30, 2014 ............. 4.1 1.4 5.5
Provisions .................................... 5.9 2.4 8.3
Cash expenditures .............................. (7.0) (1.5) (8.5)
Non-cash items ................................ (0.2) — (0.2)
Accrual balance at September 30, 2015 ............. $2.8 $2.3 $5.1
113