Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Jul. 01, 2017	Aug. 04, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	SCOTTS MIRACLE-GRO CO
Entity Central Index Key	0000825542
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 01, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Trading Symbol	SMG
Entity Common Stock, Shares Outstanding		58,411,264

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Income Statement [Abstract]
Net sales	$ 1,078.0	$ 994.1	$ 2,528.2	$ 2,433.8
Cost of sales	662.8	636.3	1,566.5	1,532.6
Cost of sales—impairment, restructuring and other	0.0	0.4	0.0	5.5
Gross profit	415.2	357.4	961.7	895.7
Operating expenses:
Selling, general and administrative	172.0	151.9	488.8	466.1
Impairment, restructuring and other	4.1	(5.8)	8.8	(51.7)
Other income, net	(6.5)	(5.6)	(12.5)	(7.1)
Income (loss) from operations	245.6	216.9	476.6	488.4
Equity in (income) loss of unconsolidated affiliates	(7.2)	3.5	30.1	3.5
Costs related to refinancing	0.0	0.0	0.0	8.8
Interest expense	21.8	16.9	58.9	52.3
Income (loss) from continuing operations before income taxes	231.0	196.5	387.6	423.8
Income tax expense from continuing operations	79.1	69.5	134.7	150.3
Income from continuing operations	151.9	127.0	252.9	273.5
Income (loss) from discontinued operations, net of tax	0.0	85.7	(0.6)	68.2
Net income (loss)	151.9	212.7	252.3	341.7
Net (income) loss attributable to noncontrolling interest	0.0	0.4	(0.5)	0.2
Net income (loss) attributable to controlling interest	$ 151.9	$ 213.1	$ 251.8	$ 341.9
Basic income per common share:
Income from continuing operations (USD per share)	$ 2.57	$ 2.09	$ 4.23	$ 4.46
Income (loss) from discontinued operations (USD per share)	0.00	1.40	(0.01)	1.11
Basic income per common share (USD per share)	$ 2.57	$ 3.49	$ 4.22	$ 5.57
Weighted-average common shares outstanding during the period (shares)	59.2	61.1	59.7	61.3
Diluted income per common share:
Income from continuing operations (USD per share)	$ 2.53	$ 2.06	$ 4.17	$ 4.40
Income (loss) from discontinued operations (USD per share)	0.00	1.38	(0.01)	1.10
Diluted Income per common share (USD per share)	$ 2.53	$ 3.44	$ 4.16	$ 5.50
Weighted-average common shares outstanding during the period plus dilutive potential common shares (shares)	60.0	61.9	60.6	62.2
Dividends declared per common share (USD per share)	$ 0.50	$ 0.47	$ 1.50	$ 1.410

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 151.9	$ 212.7	$ 252.3	$ 341.7
Other comprehensive income (loss):
Net foreign currency translation adjustment	5.8	(12.3)	3.6	(14.8)
Net unrealized gain (loss) on derivative instruments, net of tax of $0.7, $0.7, $1.1 and $1.7, respectively	(1.2)	(1.2)	1.8	(2.8)
Reclassification of net unrealized losses on derivatives to net income, net of tax of $0.2, $1.1, $1.2 and $3.3, respectively	0.4	1.7	1.9	5.3
Reclassification of net pension and post-retirement benefit loss to net income, net of tax of $0.3, $0.6, $0.9 and $1.0, respectively	0.5	0.9	1.4	1.6
Total other comprehensive income (loss)	5.5	(10.9)	8.7	(10.7)
Comprehensive income	157.4	201.8	261.0	331.0
Comprehensive (income) loss attributable to noncontrolling interest	(0.1)	0.4	(0.6)	0.2
Comprehensive income attributable to controlling interest	$ 157.3	$ 202.2	$ 260.4	$ 331.2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Statement of Comprehensive Income [Abstract]
Net unrealized gains (losses) on derivatives - tax impact	$ 0.7	$ 0.7	$ 1.1	$ 1.7
Reclassification of net unrealized losses on derivatives - tax impact	0.2	1.1	1.2	3.3
Reclassification of pension and post-retirement benefit loss - tax impact	$ 0.3	$ 0.6	$ 0.9	$ 1.0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016
OPERATING ACTIVITIES
Net income	$ 252.3	$ 341.7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Impairment, restructuring and other	0.0	0.2
Costs related to refinancing	0.0	2.2
Share-based compensation expense	20.5	13.7
Depreciation	41.4	40.2
Amortization	18.4	14.1
Gain on long-lived assets	(2.5)	(1.2)
Gain on contribution of SLS Business	0.0	(142.6)
Adjustment to gain on contribution of SLS Business	(0.3)	0.0
Equity in loss and distributions from unconsolidated affiliates	33.7	3.5
Changes in assets and liabilities, net of acquired businesses:
Accounts receivable	(368.6)	(447.8)
Inventories	(5.5)	(52.6)
Prepaid and other assets	(24.8)	(27.5)
Accounts payable	61.3	51.1
Other current liabilities	88.0	147.2
Restructuring	(15.6)	(9.6)
Other non-current items	(16.8)	44.8
Other, net	0.9	(6.3)
Net cash provided by (used in) operating activities	82.4	(28.9)
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	5.0	2.4
Investments in property, plant and equipment	(42.0)	(35.7)
Investments in loans receivable	0.0	(90.0)
Net (investments in) distributions from unconsolidated affiliates	(0.2)	194.1
Cash contributed to TruGreen Joint Venture	0.0	(24.2)
Investments in acquired businesses, net of cash acquired	(89.2)	(161.4)
Net cash provided by (used in) investing activities	(126.4)	(114.8)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	1,362.8	1,882.6
Repayments under revolving and bank lines of credit and term loans	(1,205.3)	(1,762.9)
Proceeds from issuance of Senior Notes	250.0	400.0
Repayment of 6.625% Senior Notes		(200.0)
Financing and issuance fees	(4.3)	(11.2)
Dividends paid	(89.4)	(86.4)
Distribution paid by AeroGrow to noncontrolling interest	(8.1)	0.0
Purchase of Common Shares	(173.8)	(81.2)
Payments on seller notes	(28.7)	(2.3)
Excess tax benefits from share-based payment arrangements	4.5	4.3
Cash received from the exercise of stock options	3.3	9.9
Net cash provided by financing activities	111.0	152.8
Effect of exchange rate changes on cash	2.0	(3.3)
Net increase in cash and cash equivalents	69.0	5.8
Cash and cash equivalents at beginning of period	50.1	71.4
Cash and cash equivalents at end of period	119.1	77.2
Senior Notes – 5.250%
FINANCING ACTIVITIES
Proceeds from issuance of Senior Notes	250.0	0.0
Senior Notes – 6.000%
FINANCING ACTIVITIES
Proceeds from issuance of Senior Notes	0.0	400.0
Senior Notes - 6.625%
FINANCING ACTIVITIES
Repayment of 6.625% Senior Notes	$ 0.0	$ (200.0)

Condensed Consolidated Statements of Cash Flows (Parenthetical) - Senior Notes	Jul. 01, 2017	Jul. 02, 2016	Dec. 15, 2015
Senior Notes – 5.250%
Interest rate of debt	5.25%
Senior Notes – 6.000%
Interest rate of debt	6.00%	6.00%
Senior Notes - 6.625%
Interest rate of debt		6.625%	6.625%

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Current assets:
Cash and cash equivalents	$ 119.1	$ 50.1	$ 77.2
Accounts receivable, less allowances of $7.3, $10.5 and $7.2, respectively	474.3	196.4	359.7
Accounts receivable pledged	277.8	174.7	435.1
Inventories	466.6	448.2	469.9
Prepaid and other current assets	146.5	122.3	139.2
Total current assets	1,484.3	991.7	1,481.1
Investment in unconsolidated affiliates	65.7	101.0	94.4
Property, plant and equipment, net of accumulated depreciation of $653.2, $623.5 and $633.3, respectively	460.8	470.8	449.6
Goodwill	408.7	373.2	346.0
Intangible assets, net	806.6	750.9	750.6
Other assets	121.4	115.2	131.8
Total assets	3,347.5	2,802.8	3,253.5
Current liabilities:
Current portion of debt	289.1	185.0	382.5
Accounts payable	224.0	165.9	249.5
Other current liabilities	327.4	242.2	359.2
Total current liabilities	840.5	593.1	991.2
Long-term debt	1,419.7	1,125.1	1,124.1
Other liabilities	344.3	350.3	306.0
Total liabilities	2,604.5	2,068.5	2,421.3
Commitments and contingencies (Note 12)
Equity:
Common shares and capital in excess of $.01 stated value per share; 58.6, 60.8 and 60.3 shares issued and outstanding, respectively	405.7	401.7	401.1
Retained earnings	1,043.1	881.8	938.6
Treasury shares, at cost; 9.5, 7.3 and 7.8 shares, respectively	(610.1)	(451.4)	(409.3)
Accumulated other comprehensive loss	(108.3)	(116.9)	(117.5)
Total equity—controlling interest	730.4	715.2	812.9
Noncontrolling interest	12.6	19.1	19.3
Total equity	743.0	734.3	832.2
Total liabilities and equity	$ 3,347.5	$ 2,802.8	$ 3,253.5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 7.3	$ 7.2	$ 10.5
Property, plant and equipment, accumulated depreciation	$ 653.2	$ 633.3	$ 623.5
Common shares stated value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Common shares issued (shares)	58.6	60.3	60.8
Common shares outstanding (shares)	58.6	60.3	60.8
Treasury shares, at cost (shares)	9.5	7.8	7.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Jul. 01, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

The Scotts Miracle-Gro Company (“Scotts Miracle-Gro” or “Parent”) and its subsidiaries (collectively, together with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of consumer branded products for lawn and garden care. The Company’s primary customers include home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, food and drug stores, and indoor gardening and hydroponic stores. The Company’s products are sold primarily in North America and the European Union.

Prior to April 13, 2016, the Company operated the Scotts LawnService^® business (the “SLS Business”), which provided residential and commercial lawn care, tree and shrub care and pest control services in the United States. On April 13, 2016, pursuant to the terms of the Contribution and Distribution Agreement (the “Contribution Agreement”) between the Company and TruGreen Holding Corporation (“TruGreen Holdings”), the Company completed the contribution of the SLS Business to a newly formed subsidiary of TruGreen Holdings (the “TruGreen Joint Venture”) in exchange for a minority equity interest of 30% in the TruGreen Joint Venture. As a result, effective in its second quarter of fiscal 2016, the Company classified its results of operations for all periods presented to reflect the SLS Business as a discontinued operation and classified the assets and liabilities of the SLS Business as held for sale. See “NOTE 2. DISCONTINUED OPERATIONS” and “NOTE 4. INVESTMENT IN UNCONSOLIDATED AFFILIATES” for further discussion. Refer to “NOTE 15. SEGMENT INFORMATION” for discussion of the Company’s new reportable segments identified effective in the second quarter of fiscal 2016.

Due to the nature of the consumer lawn and garden business, the majority of the Company’s sales to customers occur in the Company’s second and third fiscal quarters. On a combined basis, net sales for the second and third quarters of the last three fiscal years represented in excess of 75% of the Company’s annual net sales.

Organization and Basis of Presentation

The Company’s unaudited condensed consolidated financial statements for the three and nine months ended July 1, 2017 and July 2, 2016 are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The condensed consolidated financial statements include the accounts of Scotts Miracle-Gro and its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. The Company’s consolidation criteria are based on majority ownership (as evidenced by a majority voting interest in the entity) and an objective evaluation and determination of effective management control. AeroGrow International, Inc. (“AeroGrow”) and Gavita Holdings B.V., and its subsidiaries (collectively, “Gavita”), in which the Company has controlling interests, are consolidated, with the equity owned by other shareholders shown as noncontrolling interest in the Condensed Consolidated Balance Sheets, and the other shareholders’ portion of net earnings and other comprehensive income shown as net income (loss) or comprehensive (income) loss attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Loss), respectively. In the opinion of management, interim results reflect all normal and recurring adjustments and are not necessarily indicative of results for a full year.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted or condensed pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, this report should be read in conjunction with Scotts Miracle-Gro’s Annual Report on Form 10-K for the fiscal year ended September 30, 2016 (the “2016 Annual Report”), which includes a complete set of footnote disclosures, including the Company’s significant accounting policies.

The Company’s Condensed Consolidated Balance Sheet at September 30, 2016 has been derived from the Company’s audited Consolidated Balance Sheet at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes and related disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results ultimately may differ from the estimates.

Loans Receivable

Loans receivable are carried at outstanding principal amount, and are recognized in the “Other assets” line in the Condensed Consolidated Balance Sheets. Loans receivable are impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. If it is determined that an impairment has occurred, an impairment loss is recognized for the amount by which the carrying value of the asset exceeds the present value of expected future cash flows and recorded within “Operating expenses” in the Condensed Consolidated Statements of Operations.

Interest income is recorded on an accrual basis, and is recognized in the “Other income, net” line in the Condensed Consolidated Statements of Operations. Interest income was $3.0 million and $1.7 million for the three months ended July 1, 2017 and July 2, 2016, respectively. Interest income was $7.8 million and $2.2 million for the nine months ended July 1, 2017 and July 2, 2016, respectively.

Long-Lived Assets

The Company had non-cash investing activities of $2.9 million and $1.9 million during the nine months ended July 1, 2017 and July 2, 2016, respectively, representing unpaid liabilities incurred during each period to acquire property, plant and equipment.

Statements of Cash Flows

Supplemental cash flow information was as follows for each of the periods presented:



	NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016
	(In millions)
Interest paid	$	(53.0	)	$	(48.1	)
Call premium on 6.625% Senior Notes	—			(6.6		)
Income taxes paid	(72.0		)	(52.3		)
Property and equipment acquired under capital leases	(0.9		)	—

During the second quarter of fiscal 2017, Scotts Miracle-Gro’s wholly-owned subsidiary, Scotts Canada Ltd., paid contingent consideration of $6.7 million related to the fiscal 2014 acquisition of Fafard & Brothers Ltd. (“Fafard”).

The Company uses the “cumulative earnings” approach for determining cash flow presentation of distributions from unconsolidated affiliates. Distributions received are included in the Condensed Consolidated Statements of Cash Flows as operating activities, unless the cumulative distributions exceed the portion of the cumulative equity in the net earnings of the unconsolidated affiliate, in which case the excess distributions are deemed to be returns of the investment and are classified as investing activities in the Condensed Consolidated Statements of Cash Flows.

RECENT ACCOUNTING PRONOUNCEMENTS

Debt Issuance Costs

In April 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the corresponding debt liability rather than as an asset; however debt issuance costs relating to revolving credit facilities will remain in other assets. The Company adopted this guidance on a retrospective basis effective October 1, 2016. As a result, debt issuance costs totaling $6.2 million and $6.0 million have been presented as a component of the carrying amount of long-term debt in the Condensed Consolidated Balance Sheets as of July 2, 2016 and September 30, 2016, respectively. These amounts were previously reported within other assets.

Business Combinations

In September 2015, the FASB issued an accounting standard update to simplify the accounting for measurement-period adjustments by requiring an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, and requiring disclosure of the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The Company adopted this guidance on a prospective basis effective October 1, 2016. The adoption of this guidance did not impact the Company’s consolidated financial position, results of operations or cash flows.

Revenue Recognition from Contracts with Customers

In May 2014, the FASB issued amended accounting guidance that replaces most existing revenue recognition guidance under GAAP. This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The standard involves a five-step process that includes identifying the contract with the customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations in the contract and recognizing revenue when the entity satisfies the performance obligations. The new standard also will result in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Subsequently, additional guidance was issued on several areas including guidance intended to improve the operability and understandability of the implementation of principal versus agent considerations and clarifications on the identification of performance obligations and implementation of guidance related to licensing.

The Company has made progress on its evaluation of the amended guidance, including identification of revenue streams and customer contract reviews. The Company has begun the process of applying the five-step model to those contracts and revenue streams to evaluate the quantitative and qualitative impacts the new standard will have on its business and reported revenues. The provisions are effective for the Company in the first quarter of fiscal 2019 and permit adoption under either the full retrospective approach (recognize effects of the amended guidance in each prior reporting period presented) or the modified retrospective approach (recognize the cumulative effect of adoption as an adjustment to retained earnings at the date of initial application). The Company is still evaluating its method of adoption.

Inventory

In July 2015, the FASB issued an accounting standard update that requires inventory to be measured “at the lower of cost and net realizable value,” thereby simplifying the current guidance that requires inventory to be measured at the lower of cost or market (market in this context is defined as one of three different measures, one of which is net realizable value). The provisions are effective prospectively for the Company’s financial statements for the fiscal year beginning October 1, 2017, and are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows.

Income Taxes

In November 2015, the FASB issued an accounting standard update to simplify the presentation of deferred income taxes by requiring that deferred income tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The provisions are effective for the Company’s financial statements no later than the fiscal year beginning October 1, 2017. The standard allows for either a retrospective or prospective transition method and is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. At July 1, 2017, July 2, 2016 and September 30, 2016, net current deferred tax assets classified within prepaid and other current assets were $60.5 million, $70.4 million and $62.1 million, respectively.

Leases

In February 2016, the FASB issued an accounting standard update which significantly changes the accounting for leases. This guidance requires lessees to recognize a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term. The provisions are effective for the Company’s financial statements no later than the fiscal year beginning October 1, 2019 and require a modified retrospective transition approach for leases that exist or are entered into after the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the impact of this standard on its consolidated results of operations, financial position and cash flows.

Share-Based Compensation

In March 2016, the FASB issued an accounting standard update that simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The provisions are effective, using a combination of retrospective, modified retrospective and prospective transition methods, for the Company’s financial statements no later than the fiscal year beginning October 1, 2017. The Company is currently evaluating the impact of this standard on its consolidated results of operations, financial position and cash flows.

Cash Flow Presentation

In August 2016, the FASB issued an accounting standard update that amends the guidance on the classification of certain cash receipts and payments in the statement of cash flows. The provisions are effective retrospectively for the Company’s financial statements no later than the fiscal year beginning October 1, 2018, and are not expected to have a significant impact on the Company’s consolidated cash flows.

Business Combinations

In January 2017, the FASB issued an accounting standard update that clarifies the definition of a business to provide additional guidance to assist in evaluating whether transactions should be accounted for as an acquisition (or disposal) of either an asset or business. The provisions are effective prospectively for the Company’s financial statements no later than the fiscal year beginning October 1, 2018, and are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows.

Goodwill

In January 2017, the FASB issued an accounting standard update which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of the goodwill. The provisions are effective prospectively for the Company’s financial statements no later than the fiscal year beginning October 1, 2020, and are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows.

Employee Benefit Plans

In March 2017, the FASB issued an accounting standard update which requires entities to (1) disaggregate the current-service-cost component from the other components of net benefit cost (the “other components”) and present it with other current compensation costs for related employees in the income statement, (2) present the other components elsewhere in the income statement and outside of income from operations if that subtotal is presented and (3) limit the amount of costs eligible for capitalization (e.g., as part of inventory or property, plant, and equipment) to only the service-cost component of net benefit cost. The provisions are effective for the Company’s financial statements no later than the fiscal year beginning October 1, 2018, and are required to be applied retrospectively for the presentation of cost components in the income statement and prospectively for the capitalization of cost components. The provisions are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows.

DISCONTINUED OPERATIONS

9 Months Ended

Jul. 01, 2017

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

On April 13, 2016, pursuant to the terms of the Contribution Agreement, the Company completed the contribution of the SLS Business to the TruGreen Joint Venture in exchange for a minority equity interest of 30% in the TruGreen Joint Venture. As a result, effective in its second quarter of fiscal 2016, the Company classified its results of operations for all periods presented to reflect the SLS Business as a discontinued operation and classified the assets and liabilities of the SLS Business as held for sale.

During the three and nine months ended July 1, 2017, the Company recognized $0.1 million and $0.8 million, respectively, in transaction related costs associated with the divestiture of the SLS Business. In addition, during the nine months ended July 1, 2017, the Company recorded an adjustment to the gain on the contribution of $0.3 million related to a post closing working capital adjustment. During the three and nine months ended July 2, 2016, the Company recognized zero and $9.0 million, respectively, for the resolution of a prior SLS Business litigation matter, as well as zero and $4.6 million, respectively, in transaction related costs associated with the divestiture of the SLS Business.

The following table summarizes the results of the SLS Business within discontinued operations for each of the periods presented:



	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Net sales	$	—		$	9.2		$	—		$	101.2
Operating costs	—			10.3			—			117.4
Impairment, restructuring and other	0.1			—			0.8			13.6
Other income, net	—			—			—			(1.5		)
Gain on contribution of SLS Business	—			(142.6		)	—			(142.6		)
Adjustment to gain on contribution of SLS Business	—			—			0.3			—
Income (loss) from discontinued operations before income taxes	(0.1		)	141.5			(1.1		)	114.3
Income tax expense (benefit) from discontinued operations	(0.1		)	55.8			(0.5		)	46.1
Income (loss) from discontinued operations, net of tax	$	—		$	85.7		$	(0.6	)	$	68.2

The Condensed Consolidated Statements of Cash Flows do not present the cash flows from discontinued operations separately from cash flows from continuing operations. Cash used in operating activities related to the SLS Business was $9.3 million for the nine months ended July 1, 2017 primarily due to the payment of a previously accrued SLS Business litigation matter. Cash provided by operating activities related to the SLS Business was $38.9 million for the nine months ended July 2, 2016. Cash used in investing activities related to the SLS Business was zero and $1.4 million for the nine months ended July 1, 2017 and July 2, 2016, respectively.

ACQUISITION AND INVESTMENTS	9 Months Ended
ACQUISITION AND INVESTMENTS	Jul. 01, 2017
Business Combinations [Abstract]
ACQUISITIONS AND INVESTMENTS	ACQUISITIONS AND INVESTMENTS Fiscal 2017 On May 26, 2017, the Company’s majority-owned subsidiary Gavita completed the acquisition of Agrolux Holding B.V., and its subsidiaries (collectively, “Agrolux”), for $21.8 million. Based in the Netherlands, Agrolux is a worldwide supplier of horticultural lighting. The purchase price included contingent consideration, a non-cash investing activity, with a maximum payout and estimated fair value of $5.2 million, the payment of which will depend on the performance of the business through calendar year 2017. The preliminary valuation of the acquired assets included (i) $8.0 million of cash, prepaid and other current assets, (ii) $10.0 million of inventory and accounts receivable, (iii) $0.5 million of fixed assets, (iv) $8.6 million of accounts payable and other current liabilities, (v) $6.7 million of short term debt, (vi) $16.3 million of finite-lived identifiable intangible assets, and (vii) $2.3 million of non-deductible goodwill. Identifiable intangible assets included tradenames and customer relationships with useful lives ranging between 10 and 20 years. The estimated fair values of the identifiable intangible assets were determined using an income-based approach, which includes market participant expectations of cash flows that an asset will generate over the remaining useful life discounted to present value using an appropriate discount rate. Net sales for Agrolux included within the Other segment for the three and nine months ended July 1, 2017 were $3.5 million. On October 3, 2016, the Company, through its wholly-owned subsidiary The Hawthorne Gardening Company, completed the acquisition of American Agritech, L.L.C., d/b/a Botanicare (“Botanicare”), an Arizona-based leading producer of plant nutrients, plant supplements and growing systems used for hydroponic gardening, for $92.6 million. The purchase price included contingent consideration, a non-cash investing activity, with a maximum payout and estimated fair value of $15.5 million, which was paid during the third quarter of fiscal 2017. The preliminary valuation of the acquired assets included (i) $1.2 million of cash, prepaid and other current assets, (ii) $8.4 million of inventory and accounts receivable, (iii) $1.4 million of fixed assets, (iv) $2.3 million of accounts payable and other current liabilities, (v) $53.0 million of finite-lived identifiable intangible assets, and (vi) $30.9 million of tax-deductible goodwill. Identifiable intangible assets included tradenames, customer relationships and non-compete arrangements with useful lives ranging between 5 and 25 years. The estimated fair values of the identifiable intangible assets were determined using an income-based approach, which includes market participant expectations of cash flows that an asset will generate over the remaining useful life discounted to present value using an appropriate discount rate. Net sales for Botanicare included within the Other segment for the three and nine months ended July 1, 2017 were $12.6 million and $33.8 million, respectively. During the first quarter of fiscal 2017, the Company’s U.S. Consumer segment completed two acquisitions of companies whose products support the Company’s focus on the emerging areas of water positive landscapes and internet-enabled technology for an aggregate purchase price of $3.2 million. The valuation of the acquired assets for the transactions included finite-lived identifiable intangible assets and goodwill of $2.8 million. During the third quarter of fiscal 2017, the Company’s Other segment completed the acquisition of a company focused on the technology supporting hydroponic growing systems for an aggregate purchase price of $3.5 million, which included finite-lived identifiable intangible assets of $3.2 million. During the fourth quarter of fiscal 2017, the Company’s U.S. Consumer segment made a $29.4 million investment in an unconsolidated subsidiary whose products support the professional U.S. industrial, turf and ornamental market. Fiscal 2016 On May 26, 2016, the Company, through its wholly-owned subsidiary The Hawthorne Gardening Company, acquired majority control and a 75% economic interest in Gavita for $136.2 million. The remaining 25% interest was retained by Gavita’s former ownership group. This transaction provides the Company’s Other segment with a presence in the lighting category of indoor and urban gardening, which is a part of the Company’s long-term growth strategy. Gavita, which is based in the Netherlands, is a leading producer and marketer of indoor lighting used in the greenhouse and hydroponic markets, predominately in the United States and Europe. The purchase price included contingent consideration, a non-cash investing activity, with an estimated fair value of $2.5 million, the payment of which will depend on the performance of the business through calendar year 2019. The valuation of the acquired assets included (i) $6.4 million of cash, prepaid and other current assets, (ii) $37.9 million of inventory and accounts receivable, (iii) $1.3 million of fixed assets, (iv) $18.7 million of accounts payable and other current liabilities, (v) $5.5 million of short term debt, (vi) $102.6 million of finite-lived identifiable intangible assets, (vii) $83.3 million of non-deductible goodwill, and (viii) $25.7 million of deferred tax liabilities. Identifiable intangible assets included tradenames, customer relationships and non-compete arrangements with useful lives ranging between 5 and 25 years. The estimated fair values of the identifiable intangible assets were determined using an income-based approach, which includes market participant expectations of cash flows that an asset will generate over the remaining useful life discounted to present value using an appropriate discount rate. Gavita’s former ownership group has retained a 25% noncontrolling interest in Gavita consisting of ownership of 5% of the outstanding shares of Gavita and a loan with interest payable based on distributions by Gavita. The loan represented a non-cash financing activity and is recorded at fair value in the “Long-term debt” line in the Condensed Consolidated Balance Sheets. The initial valuation of the loan was $37.7 million. The fair value measurement was classified in Level 3 of the fair value hierarchy. Net sales for Gavita included within the Other segment for the three and nine months ended July 1, 2017 were $39.1 million and $89.8 million, respectively, as compared to $7.0 million during the three and nine months ended July 2, 2016. During the third quarter of fiscal 2016, the Company completed an acquisition within the Other segment to expand its Canadian growing media operations for $33.9 million. The estimated purchase price included contingent consideration, a non-cash investing activity, with an initial estimated fair value of $10.8 million, of which $6.5 million was paid during the first quarter of fiscal 2017, and the remaining $4.3 million has been adjusted and reclassified to the acquired assets as the Company does not expect to pay out any additional consideration. The valuation of the acquired assets included (i) $4.7 million of inventory and accounts receivable, (ii) $18.5 million of fixed assets, (iii) $9.3 million of finite-lived identifiable intangible assets, (iv) $1.2 million of deferred tax liabilities, and (v) an investment in an unconsolidated joint venture of $0.5 million. Identifiable intangible assets included peat bog lease rights, tradenames, customer relationships and non-compete arrangements with useful lives ranging between 5 and 25 years. The estimated fair values of the identifiable intangible assets were determined using an income-based approach, which includes market participant expectations of cash flows that an asset will generate over the remaining useful life discounted to present value using an appropriate discount rate. Net sales related to this acquisition included within the Other segment for the three and nine months ended July 1, 2017 were $3.2 million and $10.7 million, respectively, as compared to $3.2 million during the three and nine months ended July 2, 2016. During the second quarter of fiscal 2016, the Company entered into definitive agreements with Bonnie Plants, Inc. (“Bonnie”) and its sole shareholder, Alabama Farmers Cooperative, Inc. (“AFC”), providing for the Company’s participation in Bonnie’s business of planting, growing, developing, manufacturing, distributing, marketing, and selling live plants, plant food, fertilizer and potting soil (the “Bonnie Business”). The Company’s participation includes a Term Loan Agreement from the Company to AFC, with Bonnie as guarantor, in the amount of $72.0 million with a fixed coupon rate of 6.95% (the “Term Loan”) as well as a Marketing, R&D and Ancillary Services Agreement (the “Services Agreement”) pursuant to which the Company provides marketing, research and development and certain ancillary services to Bonnie for a commission fee based on the profits of the Bonnie Business and the reimbursement of certain costs. During the three and nine months ended July 1, 2017, the Company recognized commission income of $2.2 million and recognized cost reimbursements of $0.6 million and $2.2 million, respectively, as compared to commission income of $3.1 million and cost reimbursements of $0.4 million and $0.6 million during the three and nine months ended July 2, 2016, respectively. These agreements also include options beginning in fiscal 2020 that provide for either (i) the Company to increase its economic interest in the Bonnie Business or (ii) AFC and Bonnie to repurchase the Company’s economic interest in the Bonnie Business. The Company’s option to increase its economic interest in the Bonnie Business (the “Bonnie Option”) is required to be accounted for as a derivative instrument and is recorded at fair value in the “Other assets” line in the Condensed Consolidated Balance Sheets, with changes in fair value recognized in the “Other income (loss), net” line in the Condensed Consolidated Statement of Operations. The estimated fair value of the Bonnie Option was determined using a simulation approach, whereby the total value of the loan receivable and optional exchange for additional equity was estimated considering a distribution of possible future cash flows discounted to present value using an appropriate discount rate. The estimated fair value of the Bonnie Option was $11.8 million as of July 1, 2017, and the fair value measurement was classified in Level 3 of the fair value hierarchy. The condensed consolidated financial statements include the results of operations for these business combinations from the date of each acquisition.

INVESTMENT IN UNCONSOLIDATED AFFILIATES

9 Months Ended

Jul. 01, 2017

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN UNCONSOLIDATED AFFILIATES

As of July 1, 2017, the Company held a minority equity interest of 30% in the TruGreen Joint Venture. This interest had an initial fair value of $294.0 million and subsequently is accounted for using the equity method of accounting, with the Company’s proportionate share of the TruGreen Joint Venture earnings reflected in the Condensed Consolidated Statements of Operations. In addition, the Company and TruGreen Holdings entered into a limited liability company agreement (the “LLC Agreement”) governing the management of the TruGreen Joint Venture, as well as certain ancillary agreements including a transition services agreement and an employee leasing agreement. The LLC Agreement provides the Company with minority representation on the board of directors of the TruGreen Joint Venture.

In connection with the closing of the transactions contemplated by the Contribution Agreement on April 13, 2016, the TruGreen Joint Venture obtained debt financing and made an excess distribution of $196.2 million to the Company, and the Company invested $18.0 million in second lien term loan financing to the TruGreen Joint Venture. The Company was reimbursed $1.3 million and $35.0 million during the three and nine months ended July 1, 2017, respectively, and had accounts receivable of $8.3 million at July 1, 2017, for expenses incurred pursuant to a short-term transition services agreement and an employee leasing agreement. The Company was reimbursed $5.5 million during the three and nine months ended July 2, 2016, and had accounts receivable of $30.0 million at July 2, 2016, for expenses incurred pursuant to a short-term transition services agreement and an employee leasing agreement. The Company also had an indemnification asset of $6.6 million and $9.8 million at July 1, 2017 and July 2, 2016, respectively, for future payments on claims associated with insurance programs. The Company received distributions from unconsolidated affiliates intended to cover required tax payments of $1.4 million and $3.6 million during the three and nine months ended July 1, 2017, respectively.

The following table presents summarized financial information for the TruGreen Joint Venture for each of the periods presented:



	THREE MONTHS ENDED					NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(in millions)
Revenue	$	471.6	$	401.3		$	878.5		$	401.3
Gross margin	180.1		146.3			250.9			146.3
Selling and administrative expenses	115.9		86.7			208.8			86.7
Amortization expense	7.9		18.1			49.8			18.1
Interest expense	18.5		15.0			52.0			15.0
Restructuring and other charges	13.6		38.2			40.2			38.2
Net income (loss)	$	24.2	$	(11.7	)	$	(99.9	)	$	(11.7	)

Net income (loss) does not include income taxes, which are recognized and paid by the partners of the TruGreen Joint Venture. The income taxes associated with the Company’s share of net loss have been recorded in the “Income tax expense from continuing operations” line in the Condensed Consolidated Statement of Operations. The Company recognized equity in income (loss) of unconsolidated affiliates of $7.2 million and $(30.1) million for the three and nine months ended July 1, 2017, respectively, as compared to $(3.5) million for the three and nine months ended July 2, 2016. Included within income (loss) of unconsolidated affiliates for the three and nine months ended July 1, 2017 are charges of $5.0 million and $16.7 million, respectively, which represent the Company’s share of restructuring and other charges incurred by the TruGreen Joint Venture. These charges included $1.1 million for transaction costs, $3.0 million and $10.9 million for nonrecurring integration and separation costs and $0.9 million and $4.7 million for a non-cash purchase accounting fair value write down adjustment related to deferred revenue and advertising for the three and nine months ended July 1, 2017, respectively. The Company’s share of restructuring and other charges incurred by the TruGreen Joint Venture were $17.0 million for the three and nine months ended July 2, 2016. These charges included $10.8 million for transaction costs, $0.6 million for nonrecurring integration and separation costs and $5.6 million for a non-cash purchase accounting fair value write down adjustment related to deferred revenue and advertising for the three and nine months ended July 2, 2016.

IMPAIRMENT, RESTRUCTURING AND OTHER

9 Months Ended

Jul. 01, 2017

Restructuring and Related Activities [Abstract]

IMPAIRMENT, RESTRUCTURING AND OTHER

Activity described herein is classified within the “Cost of sales—impairment, restructuring and other,” “Impairment, restructuring and other” and “Income (loss) from discontinued operations, net of tax” lines in the Condensed Consolidated Statements of Operations.

The following table details impairment, restructuring and other charges (recoveries) for each of the periods presented:



	THREE MONTHS ENDED					NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016			JULY 1, 2017		JULY 2, 2016
	(In millions)
Cost of sales—impairment, restructuring and other:
Restructuring and other charges	$	—	$	0.4		$	—	$	5.5
Operating expenses:
Restructuring and other charges (recoveries)	4.1		(5.8		)	8.8		(51.7		)
Impairment, restructuring and other charges (recoveries) from continuing operations	$	4.1	$	(5.4	)	$	8.8	$	(46.2	)
Restructuring and other charges from discontinued operations	0.1		—			0.8		13.6
Total impairment, restructuring and other charges (recoveries)	$	4.2	$	(5.4	)	$	9.6	$	(32.6	)

The following table summarizes the activity related to liabilities associated with restructuring and other, excluding insurance reimbursement recoveries, during the nine months ended July 1, 2017 (in millions):



Amounts accrued for restructuring and other at September 30, 2016	$	20.8
Restructuring and other charges from continuing operations	8.8
Restructuring and other charges from discontinued operations	0.8
Payments and other	(25.2		)
Amounts accrued for restructuring and other at July 1, 2017	$	5.2

Included in the restructuring accruals, as of July 1, 2017, is $1.3 million that is classified as long-term. Payments against the long-term accruals will be incurred as the employees covered by the restructuring plan retire or through the passage of time. The remaining amounts accrued will continue to be paid out over the course of the next twelve months.

In the first quarter of fiscal 2016, the Company announced a series of initiatives called Project Focus designed to maximize the value of its non-core assets and focus on emerging categories of the lawn and garden industry in its core U.S. business. During the three and nine months ended July 1, 2017, the Company’s Corporate function recognized costs of $4.1 million and $8.8 million, respectively, as compared to (recoveries) costs of $(0.3) million and $2.3 million for the three and nine months ended July 2, 2016, respectively, related to Project Focus transaction activity within the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations. Costs incurred to date since the inception of the current initiatives are $3.4 million for the U.S. Consumer segment related to termination benefits, $2.0 million for the Europe Consumer segment related to termination benefits and $13.4 million for Corporate related to transaction activity.

During the third quarter of fiscal 2015, the Company’s U.S. Consumer segment began experiencing an increase in certain consumer complaints related to the reformulated Bonus^® S fertilizer product sold in the southeastern United States during fiscal 2015 indicating customers were experiencing damage to their lawns after application. There have been no costs recognized by the Company related to this matter during the three and nine months ended July 1, 2017. During the three and nine months ended July 2, 2016, the Company incurred $0.5 million and $6.9 million, respectively, in costs related to resolving these consumer complaints and the recognition of costs the Company expected to incur for consumer claims within the “Impairment, restructuring and other” and the “Cost of sales—impairment, restructuring and other” lines in the Condensed Consolidated Statements of Operations. Additionally, the Company recorded offsetting insurance reimbursement recoveries of $5.9 million and $55.9 million for the three and nine months ended July 2, 2016, respectively, within the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations. Costs incurred to date since the inception of this matter were $73.8 million, partially offset by insurance reimbursement recoveries of $60.8 million.

On April 13, 2016, as part of Project Focus, the Company completed the contribution of the SLS Business to the TruGreen Joint Venture. As a result, effective in its second quarter of fiscal 2016, the Company classified its results of operations for all periods presented to reflect the SLS Business as a discontinued operation and classified the assets and liabilities of the SLS Business as held for sale. Refer to “NOTE 2. DISCONTINUED OPERATIONS” for more information. During the three and nine months ended July 1, 2017, the Company recognized $0.1 million and $0.8 million, respectively, in transaction related costs associated with the divestiture of the SLS Business within the “Income (loss) from discontinued operations, net of tax” line in the Condensed Consolidated Statements of Operations. During the three and nine months ended July 2, 2016, the Company recognized zero and $9.0 million, respectively, for the resolution of a prior SLS Business litigation matter, as well as zero and $4.6 million, respectively, in transaction related costs associated with the divestiture of the SLS Business within the “Income (loss) from discontinued operations, net of tax” line in the Condensed Consolidated Statements of Operations.

INVENTORIES

9 Months Ended

Jul. 01, 2017

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consisted of the following for each of the periods presented:



	JULY 1, 2017		JULY 2, 2016		SEPTEMBER 30, 2016
	(In millions)
Finished goods	$	271.5	$	299.9	$	248.7
Work-in-process	51.2		46.6		56.9
Raw materials	143.9		123.4		142.6
Total inventories	$	466.6	$	469.9	$	448.2

Adjustments to reflect inventories at net realizable values were $14.1 million at July 1, 2017, $15.3 million at July 2, 2016 and $10.8 million at September 30, 2016.

MARKETING AGREEMENT

9 Months Ended

Jul. 01, 2017

Marketing Agreement [Abstract]

MARKETING AGREEMENT

The Scotts Company LLC (“Scotts LLC”) and the Monsanto Company (“Monsanto”) are parties to the Amended and Restated Exclusive Agency and Marketing Agreement (the “Marketing Agreement”), pursuant to which the Company has served since its 1998 fiscal year, as Monsanto’s exclusive agent for the marketing and distribution of consumer Roundup^® herbicide products (with additional rights to new products containing glyphosate or other similar non-selective herbicides) in the consumer lawn and garden market. Under the terms of the Marketing Agreement, the Company is entitled to receive an annual commission from Monsanto as consideration for the performance of the Company’s duties as agent. The annual gross commission under the Marketing Agreement is calculated as a percentage of the actual earnings before interest and income taxes of the consumer Roundup^® business in the markets covered by the Marketing Agreement subject to the achievement of annual earnings thresholds. The Marketing Agreement also requires the Company to make annual payments of $20.0 million to Monsanto as a contribution against the overall expenses of the consumer Roundup^® business. From 1998 until May 15, 2015, the Marketing Agreement covered the United States and other specified countries, including Australia, Austria, Belgium, Canada, France, Germany, the Netherlands and the United Kingdom. On May 15, 2015, the territories were expanded to cover additional countries as outlined below.

In consideration for the rights granted to the Company under the Marketing Agreement in 1998, the Company paid a marketing fee of $32 million to Monsanto. The Company deferred this amount on the basis that the payment will provide a future benefit through commissions that will be earned under the Marketing Agreement. The economic useful life over which the marketing fee is being amortized is 20 years, with a remaining unamortized amount of $1.0 million and remaining amortization period of less than two years as of July 1, 2017.

On May 15, 2015, the Company and Monsanto entered into an Amendment to the Marketing Agreement (the “Marketing Agreement Amendment”), a Lawn and Garden Brand Extension Agreement (the “Brand Extension Agreement”) and a Commercialization and Technology Agreement (the “Commercialization and Technology Agreement”). In consideration for these agreements, the Company paid $300.0 million to Monsanto on August 14, 2015 using borrowings under its credit facility.

Among other things, the Marketing Agreement Amendment amends the Marketing Agreement in the following significant respects:


•	Expands the territories in which the Company may serve as Monsanto’s exclusive agent in the consumer lawn and garden market to include all countries other than Japan and countries subject to a comprehensive U.S. trade embargo or certain other embargoes and trade restrictions.


•	Eliminates the initial and renewal terms that the original Marketing Agreement applied to European Union (“EU”) countries. As amended, the term of the Marketing Agreement will now continue indefinitely for all included markets, including EU countries within the included markets, unless and until otherwise terminated in accordance with the Marketing Agreement.

•

Revises the procedures of the Marketing Agreement relating to a potential sale of the consumer Roundup^® business to (1) require Monsanto to negotiate exclusively with the Company with respect to any potential Roundup^® sale for 60 days after the Company receives notice from Monsanto regarding a potential Roundup^® sale and (2) provide the Company with a right of first offer and a right of last look in connection with a potential Roundup^® sale to a third party. In addition, if the Company makes a bid in connection with a Roundup^® sale, the then-applicable termination fee would serve as a credit against the purchase price and the Monsanto board of directors would not be permitted to discount the value of the Company’s bid compared to a competing bid as a result of the termination fee discount.


•	Requires the Company to (1) provide notice to Monsanto of certain proposals and processes that may result in a sale of the Company and (2) conduct non-exclusive negotiations with Monsanto with respect to such a sale.


•	Increases the minimum termination fee payable under the Marketing Agreement to the greater of (1) $200.0 million or (2) four times (A) the average of the program earnings before interest or income taxes for the three trailing program years prior to the year of termination, minus (B) the 2015 program earnings before interest or income taxes.


•	Amends Monsanto’s termination rights and provides additional rights to the Company in the event of a termination, as follows:


◦	delays the effectiveness of a notice of termination given by Monsanto as a result of a change of control with respect to Monsanto or a sale of the consumer Roundup^® business to a third party from (1) the end of the later of 12 months or the next program year to (2) the end of the fifth full program year after Monsanto gives such notice;


◦	eliminates Monsanto’s termination rights for a regional performance default, a change of significant ownership of the Company or an uncured or incurable egregious injury (as each is defined in the Marketing Agreement); and


◦	eliminates Monsanto’s termination rights in connection with a change in control of the Company or Scotts Miracle-Gro as long as the Company has determined, in its reasonable commercial opinion, that the acquirer can and will fully perform the duties and obligations of the Company under the Marketing Agreement.


•	Expands the Company’s termination rights to include termination for a brand decline event (as defined in the Marketing Agreement Amendment) occurring before program year 2023.


•	Expands the Company’s assignment rights to allow the Company to transfer its rights, interests and obligations under the Marketing Agreement with respect to (1) the North America territories and (2) one or more other included markets for up to three other assignments.


•	Amends the commission structure by (1) eliminating the commission threshold for program years 2016, 2017 and 2018, (2) setting the commission threshold for the subsequent program years at $40 million and (3) establishing the commission payable by Monsanto to the Company for each program year at an amount equal to 50% of the program earnings before interest and income taxes for such program year.

The Brand Extension Agreement provides the Company a worldwide, exclusive license to use the Roundup^® brand on additional products offered by the Company outside of the non-selective weed category within the residential lawn and garden market. The application of the Roundup^® brand to these additional products is subject to a product review and approval process developed between the Company and Monsanto. Monsanto will maintain oversight of its brand, the handling of brand registrations covering these new products and new territories, as well as primary responsibility for brand enforcement. The Brand Extension Agreement has an initial term of twenty years, which will automatically renew for additional successive twenty year terms, at the Company’s sole option, for no additional monetary consideration.

The Commercialization and Technology Agreement provides for the Company and Monsanto to further develop and commercialize new products and technology developed at Monsanto and intended for introduction into the residential lawn and garden market. Under the Commercialization and Technology Agreement, the Company receives an exclusive first look at new Monsanto technology and products and an annual review of Monsanto’s developing products and technologies. The Commercialization and Technology Agreement has a term of thirty years (subject to early termination upon a termination event under the Marketing Agreement or the Brand Extension Agreement).

The Company recorded the $300.0 million consideration paid by the Company to Monsanto in connection with the entry into the Marketing Agreement Amendment, the Brand Extension Agreement and the Commercialization and Technology Agreement as intangible assets and the related economic useful life of such assets is indefinite. The identifiable intangible assets include the Marketing Agreement Amendment and the Brand Extension Agreement with allocated fair value of $188.3 million and $111.7 million, respectively. The estimated fair values of the identifiable intangible assets were determined using an income-based approach, which includes market participant expectations of cash flows that an asset will generate over the remaining useful life discounted to present value using an appropriate rate of return.

Under the terms of the Marketing Agreement, the Company performs certain functions, primarily manufacturing conversion services (in North America), distribution and logistics, and selling and marketing support, on behalf of Monsanto in the conduct of the consumer Roundup^® business. The actual costs incurred for these activities are charged to and reimbursed by Monsanto. The Company records costs incurred under the Marketing Agreement for which the Company is the primary obligor on a gross basis, recognizing such costs in the “Cost of sales” line and the reimbursement of these costs in the “Net sales” line in the Condensed Consolidated Statements of Operations, with no effect on gross profit dollars or net income.

The gross commission earned under the Marketing Agreement, the contribution payments to Monsanto and the amortization of the initial marketing fee paid to Monsanto in 1998 are included in the calculation of net sales in the Company’s Condensed Consolidated Statements of Operations. The elements of the net commission and reimbursements earned under the Marketing Agreement and included in “Net sales” are as follows:



	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Gross commission	$	38.5		$	37.4		$	86.7		$	92.3
Contribution expenses	(5.0		)	(5.0		)	(15.0		)	(15.0		)
Amortization of marketing fee	(0.2		)	(0.2		)	(0.6		)	(0.6		)
Net commission	33.3			32.2			71.1			76.7
Reimbursements associated with Marketing Agreement	18.1			18.4			56.3			55.2
Total net sales associated with Marketing Agreement	$	51.4		$	50.6		$	127.4		$	131.9

DEBT

9 Months Ended

Jul. 01, 2017

Debt Disclosure [Abstract]

DEBT

The components of long-term debt are as follows:



	JULY 1, 2017		JULY 2, 2016		SEPTEMBER 30, 2016
	(In millions)
Credit Facilities:
Revolving loans	$	473.7	$	404.9	$	417.4
Term loans	277.5		292.5		288.8
Senior Notes – 5.250%	250.0		—		—
Senior Notes – 6.000%	400.0		400.0		400.0
Receivables facility	250.0		348.0		138.6
Other	66.5		67.4		71.3
Total debt	1,717.7		1,512.8		1,316.1
Less current portions	289.1		382.5		185.0
Less unamortized debt issuance costs	8.9		6.2		6.0
Long-term debt	$	1,419.7	$	1,124.1	$	1,125.1

Credit Facilities

On December 20, 2013, the Company entered into the third amended and restated credit agreement, providing the Company and certain of its subsidiaries with a five-year senior secured revolving loan facility in the aggregate principal amount of up to $1.7 billion (the “former credit facility”). On October 29, 2015, the Company entered into the fourth amended and restated credit agreement (the “credit agreement”), providing the Company and certain of its subsidiaries with five-year senior secured loan facilities in the aggregate principal amount of $1.9 billion, comprised of a revolving credit facility of $1.6 billion and a term loan in the original principal amount of $300.0 million (the “credit facilities”). The credit agreement also provides the Company with the right to seek additional committed credit under the agreement in an aggregate amount of up to $500.0 million plus an unlimited additional amount, subject to certain specified financial and other conditions. Under the credit agreement, the Company has the ability to obtain letters of credit up to $100.0 million. The credit agreement replaces the former credit facility, and will terminate on October 29, 2020. Borrowings on the revolving credit facility may be made in various currencies, including U.S. dollars, euro, British pounds, Australian dollars and Canadian dollars. The terms of the credit agreement include customary representations and warranties, affirmative and negative covenants, financial covenants and events of default. The proceeds of borrowings on the credit facilities may be used: (i) to finance working capital requirements and other general corporate purposes of the Company and its subsidiaries; and (ii) to refinance the amounts outstanding under the former credit facility.

Under the terms of the credit agreement, loans bear interest, at the Company’s election, at a rate per annum equal to either the ABR or Adjusted LIBO Rate (both as defined in the credit agreement) plus the applicable margin. The credit facilities are guaranteed by substantially all of the Company’s domestic subsidiaries, and are secured by (i) a perfected first priority security interest in all of the accounts receivable, inventory and equipment of the Company and the Company’s domestic subsidiaries that are guarantors and (ii) the pledge of all of the capital stock of the Company’s domestic subsidiaries that are guarantors.

At July 1, 2017, the Company had letters of credit outstanding in the aggregate principal amount of $23.5 million, and $1.1 billion of availability under the credit agreement, subject to the Company’s continued compliance with the covenants discussed below. The weighted average interest rates on average borrowings under the credit agreement and the former credit facility were 3.8% and 3.9% for the nine months ended July 1, 2017 and July 2, 2016, respectively.

The credit agreement contains, among other obligations, an affirmative covenant regarding the Company’s leverage ratio on the last day of each quarter calculated as average total indebtedness, divided by the Company’s earnings before interest, taxes, depreciation and amortization (“EBITDA”), as adjusted pursuant to the terms of the credit agreement (“Adjusted EBITDA”). The maximum leverage ratio was 4.50 as of July 1, 2017. The Company’s leverage ratio was 3.03 at July 1, 2017. The credit agreement also includes an affirmative covenant regarding its interest coverage ratio. The interest coverage ratio is calculated as Adjusted EBITDA divided by interest expense, as described in the credit agreement, and excludes costs related to refinancings. The minimum interest coverage ratio was 3.00 for the twelve months ended July 1, 2017. The Company’s interest coverage ratio was 7.98 for the twelve months ended July 1, 2017. The credit agreement allows the Company to make unlimited restricted payments (as defined in the credit agreement), including increased or one-time dividend payments and Common Share repurchases, as long as the leverage ratio resulting from the making of such restricted payments is 4.00 or less. Otherwise the Company may only make restricted payments in an aggregate amount for each fiscal year not to exceed the amount set forth in the credit agreement for such fiscal year ($175.0 million for fiscal 2017 and $200.0 million for fiscal 2018 and each fiscal year thereafter).

Senior Notes - 5.250%

On December 15, 2016, Scotts Miracle-Gro issued $250.0 million aggregate principal amount of 5.250% senior notes due 2026 (the “5.250% Senior Notes”). The net proceeds of the offering were used to repay outstanding borrowings under the credit facilities. The 5.250% Senior Notes represent general unsecured senior obligations and rank equal in right of payment with the Company’s existing and future unsecured senior debt. The 5.250% Senior Notes have interest payment dates of June 15 and December 15 of each year, commencing June 15, 2017. The 5.250% Senior Notes may be redeemed, in whole or in part, on or after December 15, 2021 at applicable redemption premiums. The 5.250% Senior Notes contain customary covenants and events of default and mature on December 15, 2026. Substantially all of Scotts Miracle-Gro’s domestic subsidiaries serve as guarantors of the 5.250% Senior Notes.

Senior Notes - 6.625%

On December 15, 2015, Scotts Miracle-Gro redeemed all $200.0 million aggregate principal amount of its outstanding 6.625% senior notes due 2020 (the “6.625% Senior Notes”) paying a redemption price of $213.2 million, comprised of $6.6 million of accrued and unpaid interest, $6.6 million of call premium and $200.0 million for outstanding principal amount. The $6.6 million call premium charge was recognized within the “Costs related to refinancing” line on the Condensed Consolidated Statement of Operations in the first quarter of fiscal 2016. Additionally, the Company had $2.2 million in unamortized bond discount and issuance costs associated with the 6.625% Senior Notes that were written off and recognized in the “Costs related to refinancing” line on the Condensed Consolidated Statement of Operations in the first quarter of fiscal 2016.

Senior Notes - 6.000%

On October 13, 2015, Scotts Miracle-Gro issued $400.0 million aggregate principal amount of 6.000% senior notes due 2023 (the “6.000% Senior Notes”). The net proceeds of the offering were used to repay outstanding borrowings under the former credit facility. The 6.000% Senior Notes represent general unsecured senior obligations and rank equal in right of payment with the Company’s existing and future unsecured senior debt. The 6.000% Senior Notes have interest payment dates of April 15 and October 15 of each year. The 6.000% Senior Notes may be redeemed, in whole or in part, on or after October 15, 2018 at applicable redemption premiums. The 6.000% Senior Notes contain customary covenants and events of default and mature on October 15, 2023. Substantially all of Scotts Miracle-Gro’s domestic subsidiaries serve as guarantors of the 6.000% Senior Notes.

Receivables Facility

On September 25, 2015, the Company entered into an amended and restated master accounts receivable purchase agreement (the “MARP Agreement”). The MARP Agreement provided for the discretionary sale by the Company, and the discretionary purchase by the participating banks, on a revolving basis, of accounts receivable generated by sales to three specified debtors in an aggregate amount not to exceed $400.0 million. The MARP Agreement terminated effective October 14, 2016 in accordance with its terms upon the Company’s repayment of its outstanding obligations thereunder using $133.5 million borrowed under the credit agreement. There were $348.0 million in borrowings or receivables pledged as collateral under the MARP Agreement as of July 2, 2016. The carrying value of the receivables pledged as collateral was $435.1 million as of July 2, 2016.

On April 7, 2017, the Company entered into a Master Repurchase Agreement (including the annexes thereto, the “Repurchase Agreement”) and a Master Framework Agreement (the “Framework Agreement” and, together with the Repurchase Agreement, the “Receivables Facility”). Under the Receivables Facility, the Company may sell a portfolio of available and eligible outstanding customer accounts receivable to the purchasers and simultaneously agrees to repurchase the receivables on a weekly basis. The eligible accounts receivable consist of up to $250.0 million in accounts receivable generated by sales to three specified customers. The Receivables Facility is committed up to $100.0 million during the commitment period beginning on April 7, 2017 and ending on June 16, 2017. The Receivables Facility is considered a secured financing with the customer accounts receivable, related contract rights and proceeds thereof (and the collection accounts into which the same are deposited) constituting the collateral therefor. The repurchase price for customer accounts receivable bears interest at LIBOR (with a zero floor), as defined in the Repurchase Agreement, plus 0.90%. The Receivables Facility expires on August 25, 2017.

The Company accounts for the sale of receivables under the Receivables Facility as short-term debt and continues to carry the receivables on its Condensed Consolidated Balance Sheet, primarily as a result of the Company’s requirement to repurchase receivables sold. There were $250.0 million in borrowings or receivables pledged as collateral under the Receivables Facility as of July 1, 2017. The carrying value of the receivables pledged as collateral was $277.8 million as of July 1, 2017. As of July 1, 2017, there was no remaining availability under the Receivables Facility.

Other

In connection with the acquisition of a controlling interest in Gavita, the Company recorded a loan to the noncontrolling ownership group of Gavita. The fair value of the loan was $40.5 million, $37.7 million and $38.3 million at July 1, 2017, July 2, 2016 and September 30, 2016, respectively.

Interest Rate Swap Agreements

The Company has outstanding interest rate swap agreements with major financial institutions that effectively convert a portion of the Company’s variable-rate debt to a fixed rate. The swap agreements had a total U.S. dollar equivalent notional amount of $1,150.0 million at July 1, 2017, $650.0 million at July 2, 2016 and $650.0 million at September 30, 2016. Interest payments made between the effective date and expiration date are hedged by the swap agreements, except as noted below, respectively.

The notional amount, effective date, expiration date and rate of each of these swap agreements outstanding at July 1, 2017 are shown in the table below:



Notional Amount (in millions)			Effective Date (a)	Expiration Date	Fixed Rate
$	50	^(d)	12/6/2012	9/6/2017	2.96	%
200			2/7/2014	11/7/2017	1.28	%
300		^(e)	11/21/2016	6/20/2018	0.83	%
200		^(e)	11/7/2016	8/7/2018	0.84	%
150		^(b)	2/7/2017	5/7/2019	2.12	%
50		^(b)	2/7/2017	5/7/2019	2.25	%
200		^(c)	12/20/2016	6/20/2019	2.12	%


(a)	The effective date refers to the date on which interest payments were first hedged by the applicable swap agreement.


(b)	Interest payments made during the three-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(c)	Interest payments made during the six-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(d)	Interest payments made during the nine-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(e)	Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.

Estimated Fair Values

The methods and assumptions used to estimate the fair values of the Company’s debt instruments are described below:

Credit Facilities

The interest rate currently available to the Company fluctuates with the applicable LIBO rate, prime rate or Federal Funds Effective Rate and thus the carrying value is a reasonable estimate of fair value. The fair value measurement for the credit facilities was classified in Level 2 of the fair value hierarchy.

5.250% Senior Notes

The fair value of the 5.250% Senior Notes was determined based on the trading of the 5.250% Senior Notes in the open market. The difference between the carrying value and the fair value of the 5.250% Senior Notes represents the premium or discount on that date. Based on the trading value on or around July 1, 2017, the fair value of the 5.250% Senior Notes was approximately $261.6 million. The fair value measurement for the 5.250% Senior Notes was classified in Level 1 of the fair value hierarchy.

6.000% Senior Notes

The fair value of the 6.000% Senior Notes was determined based on the trading of the 6.000% Senior Notes in the open market. The difference between the carrying value and the fair value of the 6.000% Senior Notes represents the premium or discount on that date. Based on the trading value on or around July 1, 2017, the fair value of the 6.000% Senior Notes was approximately $429.5 million. The fair value measurement for the 6.000% Senior Notes was classified in Level 1 of the fair value hierarchy.

Accounts Receivable Pledged

The interest rate on the short-term debt associated with accounts receivable pledged under the Receivables Facility fluctuated with the applicable LIBOR and thus the carrying value is a reasonable estimate of fair value. The fair value measurement for the Receivables Facility was classified in Level 2 of the fair value hierarchy.

Weighted Average Interest Rate

The weighted average interest rates on the Company’s debt were 4.4% and 4.3% for the nine months ended July 1, 2017 and July 2, 2016, respectively. The increase in the weighted average interest rate is due to the issuance of the 5.250% Senior Notes on December 15, 2016.

RETIREMENT AND RETIREE MEDICAL PLANS

9 Months Ended

Jul. 01, 2017

Defined Benefit Plan [Abstract]

RETIREMENT AND RETIREE MEDICAL PLANS

The following summarizes the components of net periodic benefit (income) cost for the retirement and retiree medical plans sponsored by the Company:



	THREE MONTHS ENDED
	JULY 1, 2017									JULY 2, 2016
	U.S. Pension			International Pension			U.S. Medical			U.S. Pension			International Pension			U.S. Medical
	(In millions)
Service cost	$	—		$	0.3		$	—		$	—		$	0.3		$	0.1
Interest cost	0.7			1.0			0.2			1.1			1.7			0.3
Expected return on plan assets	(1.2		)	(2.0		)	—			(1.2		)	(2.0		)	—
Net amortization	0.4			0.5			(0.1		)	0.4			0.4			(0.3		)
Net periodic benefit (income) cost	$	(0.1	)	$	(0.2	)	$	0.1		$	0.3		$	0.4		$	0.1



	NINE MONTHS ENDED
	JULY 1, 2017									JULY 2, 2016
	U.S. Pension			International Pension			U.S. Medical			U.S. Pension			International Pension			U.S. Medical
	(In millions)
Service cost	$	—		$	0.9		$	0.2		$	—		$	0.9		$	0.3
Interest cost	2.1			2.9			0.5			3.3			5.1			0.8
Expected return on plan assets	(3.6		)	(6.0		)	—			(3.7		)	(6.0		)	—
Net amortization	1.2			1.6			(0.5		)	1.3			1.2			(0.8		)
Net periodic benefit (income) cost	$	(0.3	)	$	(0.6	)	$	0.2		$	0.9		$	1.2		$	0.3

EQUITY

9 Months Ended

Jul. 01, 2017

Equity [Abstract]

EQUITY

In August 2014, the Scotts Miracle-Gro Board of Directors authorized the repurchase of up to $500.0 million of Common Shares over a five-year period (effective November 1, 2014 through September 30, 2019). On August 3, 2016, Scotts Miracle-Gro announced that its Board of Directors authorized a $500.0 million increase to the share repurchase authorization ending on September 30, 2019. The amended authorization allows for repurchases of Common Shares of $1.0 billion through September 30, 2019. The authorization provides the Company with flexibility to purchase Common Shares from time to time in open market purchases or through privately negotiated transactions. All or part of the repurchases may be made under Rule 10b5-1 plans, which the Company may enter into from time to time and which enable the repurchases to occur on a more regular basis, or pursuant to accelerated share repurchases. The share repurchase authorization, which expires September 30, 2019, may be suspended or discontinued at any time, and there can be no guarantee as to the timing or amount of any repurchases. During the three and nine months ended July 1, 2017, Scotts Miracle-Gro repurchased 1.0 million and 2.0 million Common Shares for $84.6 million and $175.1 million, respectively. From the inception of this share repurchase program in the fourth quarter of fiscal 2014 through July 1, 2017, Scotts Miracle-Gro repurchased approximately 4.0 million Common Shares for $320.8 million.

On August 1, 2017, the Scotts Miracle-Gro Board of Directors approved an increase in the quarterly cash dividend from $0.50 to $0.53 per Common Share.

The following table provides a summary of the changes in total equity, shareholders’ equity attributable to controlling interest, and equity attributable to noncontrolling interests for the nine months ended July 1, 2017 and July 2, 2016 (in millions):



	Common Shares and Capital in Excess of Stated Value			Retained Earnings			Treasury Shares			Accumulated Other Comprehensive Loss			Total Equity - Controlling Interest			Non-controlling Interest			Total Equity
Balance at September 30, 2015	$	400.4		$	684.2		$	(357.1	)	$	(106.8	)	$	620.7		$	12.4		$	633.1
Net income (loss)	—			341.9			—			—			341.9			(0.2		)	341.7
Other comprehensive income (loss)	—			—			—			(10.7		)	(10.7		)	—			(10.7		)
Share-based compensation	13.9			—			—			—			13.9			—			13.9
Dividends declared ($1.410 per share)	—			(87.5		)	—			—			(87.5		)	—			(87.5		)
Treasury share purchases	—			—			(81.2		)	—			(81.2		)	—			(81.2		)
Treasury share issuances	(13.2		)	—			29.0			—			15.8			—			15.8
Investment in noncontrolling interest	—			—			—			—			—			7.1			7.1
Balance at July 2, 2016	$	401.1		$	938.6		$	(409.3	)	$	(117.5	)	$	812.9		$	19.3		$	832.2

Balance at September 30, 2016	$	401.7		$	881.8		$	(451.4	)	$	(116.9	)	$	715.2		$	19.1		$	734.3
Net income (loss)	—			251.8			—			—			251.8			0.5			252.3
Other comprehensive income (loss)	—			—			—			8.6			8.6			0.1			8.7
Share-based compensation	25.2			—			—			—			25.2			—			25.2
Dividends declared ($1.500 per share)	—			(90.5		)	—			—			(90.5		)	—			(90.5		)
Treasury share purchases	—			—			(175.1		)	—			(175.1		)	—			(175.1		)
Treasury share issuances	(20.2		)	—			16.4			—			(3.8		)	—			(3.8		)
Adjustment to noncontrolling interest due to ownership change	(1.0		)	—			—			—			(1.0		)	1.0			—
Distribution declared by AeroGrow	—			—			—			—			—			(8.1		)	(8.1		)
Balance at July 1, 2017	$	405.7		$	1,043.1		$	(610.1	)	$	(108.3	)	$	730.4		$	12.6		$	743.0

On November 29, 2016, the Company’s wholly-owned subsidiary SMG Growing Media, Inc. fully exercised its outstanding warrants to acquire additional shares of common stock of AeroGrow for an aggregate warrant exercise price of $47.8 million in exchange for the issuance of 21.6 million shares of common stock of AeroGrow, which increased the Company’s percentage ownership of AeroGrow’s outstanding shares of common stock (on a fully diluted basis) from 45% to 80%. The financial results of AeroGrow have been consolidated into the Company’s consolidated financial statements since the fourth quarter of fiscal 2014, when the Company obtained control of AeroGrow’s operations through increased involvement, influence and a working capital loan provided to AeroGrow. Following the exercise of the warrants, the Board of Directors of AeroGrow declared a $41 million distribution ($1.21 per share) payable on January 3, 2017 to shareholders of record on December 20, 2016. On January 3, 2017, AeroGrow paid a distribution of $8.1 million to its noncontrolling interest holders.

Share-Based Awards

Scotts Miracle-Gro grants share-based awards annually to officers and certain other employees of the Company and non-employee directors of Scotts Miracle-Gro. The share-based awards have consisted of stock options, restricted stock units, deferred stock units and performance-based awards. All of these share-based awards have been made under plans approved by the shareholders. If available, Scotts Miracle-Gro will typically use treasury shares, or if not available, newly-issued Common Shares, in satisfaction of its share-based awards.

On January 30, 2017, the Company issued 0.5 million performance-based award units to certain senior executives as part of its Project Focus initiative. These awards provide for a five-year vesting period based on achievement of specific performance goals aligned with the strategic objectives of the Company’s Project Focus initiatives. The performance goals include a combination of five year cumulative operating cash flow less capital expenditures; five year non-GAAP diluted EPS growth; and dividend yield. The Company assesses the probability of achievement of performance goals each period and records expense for the awards based on the probable achievement of such metrics. Performance-based award units accrue cash dividend equivalents that are payable upon vesting of the awards.

The following is a summary of the share-based awards granted during each of the periods indicated:



	NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016
Employees
Stock options	—		444,890
Restricted stock units	109,661		74,422
Performance units	487,809		56,315
Board of Directors
Deferred stock units	23,853		28,103
Total share-based awards	621,323		603,730

Aggregate fair value at grant dates (in millions)	$	57.7	$	16.4

Total share-based compensation was as follows for each of the periods indicated:



	THREE MONTHS ENDED				NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016		JULY 1, 2017		JULY 2, 2016
	(In millions)
Share-based compensation	$	5.4	$	2.4	$	20.5	$	13.7
Tax benefit recognized	2.1		0.9		7.8		5.2

INCOME TAXES	9 Months Ended
INCOME TAXES	Jul. 01, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rate related to continuing operations for the nine months ended July 1, 2017 and July 2, 2016 was 34.8% and 35.5%, respectively. The effective tax rate used for interim reporting purposes is based on management’s best estimate of factors impacting the effective tax rate for the full fiscal year. There can be no assurance that the effective tax rate estimated for interim financial reporting purposes will approximate the effective tax rate determined at fiscal year end. Final Treasury Regulations under Internal Revenue Code §987 were enacted on December 7, 2016, governing the methodology to be used in calculating deferred translation gain or loss for certain entities treated as U.S. branches for U.S. tax purposes. The Company has determined that the impact of adopting these regulations is immaterial to the Company's deferred tax balances and financial statements. Scotts Miracle-Gro or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions. Subject to the following exceptions, the Company is no longer subject to examination by these tax authorities for fiscal years prior to 2014. The Company is currently under examination by the Internal Revenue Service and certain foreign and U.S. state and local tax authorities. The U.S. federal examination is limited to fiscal years 2011 through 2013. With respect to foreign jurisdictions, a German audit closed in the third quarter of fiscal 2017 with no material impact to the financial statements. In regard to the multiple U.S. state and local audits, the tax periods under examination are limited to fiscal years 2011 through 2015. In addition to the aforementioned audits, certain other tax deficiency notices and refund claims for previous years remain unresolved. The Company currently anticipates that few of its open and active audits will be resolved within the next twelve months. The Company is unable to make a reasonably reliable estimate as to when or if cash settlements with taxing authorities may occur. Although audit outcomes and the timing of audit payments are subject to significant uncertainty, the Company does not anticipate that the resolution of these tax matters or any events related thereto will result in a material change to its consolidated financial position, results of operations or cash flows.

CONTINGENCIES	9 Months Ended
CONTINGENCIES	Jul. 01, 2017
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Management regularly evaluates the Company’s contingencies, including various lawsuits and claims which arise in the normal course of business, product and general liabilities, workers’ compensation, property losses and other liabilities for which the Company is self-insured or retains a high exposure limit. Self-insurance accruals are established based on actuarial loss estimates for specific individual claims plus actuarially estimated amounts for incurred but not reported claims and adverse development factors applied to existing claims. Legal costs incurred in connection with the resolution of claims, lawsuits and other contingencies generally are expensed as incurred. In the opinion of management, the assessment of contingencies is reasonable and related accruals, in the aggregate, are adequate; however, there can be no assurance that final resolution of these matters will not have a material effect on the Company’s financial condition, results of operations or cash flows. Regulatory Matters At July 1, 2017, $5.0 million was accrued in the “Other liabilities” line in the Condensed Consolidated Balance Sheets for environmental actions, the majority of which are for site remediation. The amounts accrued are believed to be adequate to cover such known environmental exposures based on current facts and estimates of likely outcomes. Although it is reasonably possible that the costs to resolve such known environmental exposures will exceed the amounts accrued, any variation from accrued amounts is not expected to be material. Other The Company has been named as a defendant in a number of cases alleging injuries that the lawsuits claim resulted from exposure to asbestos-containing products, apparently based on the Company’s historic use of vermiculite in certain of its products. In many of these cases, the complaints are not specific about the plaintiffs’ contacts with the Company or its products. The cases vary, but complaints in these cases generally seek unspecified monetary damages (actual, compensatory, consequential and punitive) from multiple defendants. The Company believes that the claims against it are without merit and is vigorously defending against them. It is not currently possible to reasonably estimate a probable loss, if any, associated with these cases and, accordingly, no accruals have been recorded in the Company’s condensed consolidated financial statements. The Company is reviewing agreements and policies that may provide insurance coverage or indemnity as to these claims and is pursuing coverage under some of these agreements and policies, although there can be no assurance of the results of these efforts. There can be no assurance that these cases, whether as a result of adverse outcomes or as a result of significant defense costs, will not have a material effect on the Company’s financial condition, results of operations or cash flows. In connection with the sale of wild bird food products that were the subject of a voluntary recall in 2008, the Company, along with its Chief Executive Officer, have been named as defendants in four actions filed on and after June 27, 2012, which have been consolidated and, on March 31, 2017, certified as a class action in the United States District Court for the Southern District of California as In re Morning Song Bird Food Litigation, Lead Case No. 3:12-cv-01592-JAH-RBB. The plaintiffs allege various statutory and common law claims associated with the Company’s sale of wild bird food products and a plea agreement entered into in previously pending government proceedings associated with such sales. The plaintiffs allege, among other things, a class action on behalf of all persons and entities in the United States who purchased certain bird food products. The plaintiffs assert: (i) hundreds of millions of dollars in monetary damages (actual, compensatory, consequential, and restitution); (ii) punitive and treble damages; (iii) injunctive and declaratory relief; (iv) pre-judgment and post-judgment interest; and (v) costs and attorneys’ fees. The Company and its Chief Executive Officer dispute the plaintiffs’ assertions and intend to vigorously defend the consolidated action. At this point in the proceedings, it is not currently possible to reasonably estimate a probable loss, if any, associated with the action and, accordingly, no accruals have been recorded in the consolidated financial statements with respect to the action. There can be no assurance that this action, whether as a result of an adverse outcome or as a result of significant defense costs, will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. The Company is involved in other lawsuits and claims which arise in the normal course of business. These claims individually and in the aggregate are not expected to result in a material effect on the Company’s financial condition, results of operations or cash flows.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Jul. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to market risks, such as changes in interest rates, currency exchange rates and commodity prices. To manage a portion of the volatility related to these exposures, the Company enters into various financial transactions. The utilization of these financial transactions is governed by policies covering acceptable counterparty exposure, instrument types and other hedging practices. The Company does not hold or issue derivative financial instruments for speculative trading purposes.

Exchange Rate Risk Management

The Company uses currency forward contracts to manage the exchange rate risk associated with intercompany loans with foreign subsidiaries that are denominated in local currencies. At July 1, 2017, the notional amount of outstanding currency forward contracts was $266.2 million, with a negative fair value of $2.1 million. At July 2, 2016, the notional amount of outstanding currency forward contracts was $163.3 million, with a fair value of $0.5 million. At September 30, 2016, the notional amount of outstanding currency forward contracts was $165.8 million, with a fair value of $0.4 million. The fair value of currency forward contracts is determined using forward rates in commonly quoted intervals for the full term of the contracts. The outstanding contracts will mature over the next fiscal year.

Interest Rate Risk Management

The Company enters into interest rate swap agreements as a means to hedge its variable interest rate risk on debt instruments. Net amounts to be received or paid under the swap agreements are reflected as adjustments to interest expense. Since the interest rate swap agreements have been designated as hedging instruments, unrealized gains or losses resulting from adjusting these swaps to fair value are recorded as elements of accumulated other comprehensive income (loss) (“AOCI”) within the Condensed Consolidated Balance Sheets except for any ineffective portion of the change in fair value, which is immediately recorded in interest expense. The fair value of the swap agreements is determined based on the present value of the estimated future net cash flows using implied rates in the applicable yield curve as of the valuation date.

The Company has outstanding interest rate swap agreements with major financial institutions that effectively convert a portion of the Company’s variable-rate debt to a fixed rate. The swap agreements had a total U.S. dollar equivalent notional amount of $1,150.0 million at July 1, 2017, $650.0 million at July 2, 2016 and $650.0 million at September 30, 2016. Refer to “NOTE 8. DEBT” for the terms of the swap agreements outstanding at July 1, 2017. Included in the AOCI balance at July 1, 2017 was a gain of $0.1 million related to interest rate swap agreements that is expected to be reclassified to earnings during the next twelve months, consistent with the timing of the underlying hedged transactions.

Commodity Price Risk Management

The Company enters into hedging arrangements designed to fix the price of a portion of its projected future urea requirements. The contracts are designated as hedges of the Company’s exposure to future cash flow fluctuations associated with the cost of urea. The objective of the hedges is to mitigate the earnings and cash flow volatility attributable to the risk of changing prices. Since the contracts have been designated as hedging instruments, unrealized gains or losses resulting from adjusting these contracts to fair value are recorded as elements of AOCI within the Condensed Consolidated Balance Sheets. Realized gains or losses remain as a component of AOCI until the related inventory is sold. Upon sale of the underlying inventory, the gain or loss is reclassified to cost of sales. Included in the AOCI balance at July 1, 2017 was a loss of $1.0 million related to urea derivatives that is expected to be reclassified to earnings during the next twelve months, consistent with the timing of the underlying hedged transactions.

The Company also uses derivatives to partially mitigate the effect of fluctuating diesel costs on operating results. These financial instruments are carried at fair value within the Condensed Consolidated Balance Sheets. Changes in the fair value of derivative contracts that qualify for hedge accounting are recorded in AOCI except for any ineffective portion of the change in fair value, which is immediately recorded in earnings. The effective portion of the change in fair value remains as a component of AOCI until the related fuel is consumed, at which time the accumulated gain or loss on the derivative contract is reclassified to cost of sales. Changes in the fair value of derivatives that do not qualify for hedge accounting are recorded as an element of cost of sales. At July 1, 2017, there were no amounts included within AOCI.

The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:



COMMODITY	JULY 1, 2017	JULY 2, 2016	SEPTEMBER 30, 2016
Urea	78,000 tons	34,500 tons	40,500 tons
Diesel	5,082,000 gallons	5,670,000 gallons	6,384,000 gallons
Heating Oil	1,302,000 gallons	1,386,000 gallons	1,722,000 gallons

Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments were as follows:



		ASSETS / (LIABILITIES)
DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS		JULY 1, 2017			JULY 2, 2016			SEPTEMBER 30, 2016
DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS	BALANCE SHEET LOCATION	FAIR VALUE
		(In millions)
Interest rate swap agreements	Prepaid and other current assets	$	1.2		$	—		$	—
	Other assets	0.2			—			—
	Other current liabilities	(1.1		)	(4.3		)	(3.3		)
	Other liabilities	(0.5		)	(4.4		)	(3.1		)
Commodity hedging instruments	Other current liabilities	(1.7		)	(0.8		)	(0.3		)
Total derivatives designated as hedging instruments		$	(1.9	)	$	(9.5	)	$	(6.7	)

DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS	BALANCE SHEET LOCATION
Currency forward contracts	Prepaid and other current assets	$	0.4		$	1.2		$	1.2
	Other current liabilities	(2.5		)	(0.8		)	(0.8		)
Commodity hedging instruments	Prepaid and other current assets	—			0.2			—
	Other current liabilities	(0.6		)	(0.1		)	(0.1		)
Total derivatives not designated as hedging instruments		(2.7		)	0.5			0.3
Total derivatives		$	(4.6	)	$	(9.0	)	$	(6.4	)

The effect of derivative instruments on AOCI and the Condensed Consolidated Statements of Operations was as follows:



DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS	AMOUNT OF GAIN / (LOSS) RECOGNIZED IN AOCI
	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Interest rate swap agreements	$	(0.3	)	$	(1.0	)	$	2.2		$	(1.9	)
Commodity hedging instruments	(0.9		)	(0.2		)	(0.4		)	(0.9		)
Total	$	(1.2	)	$	(1.2	)	$	1.8		$	(2.8	)



DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS	RECLASSIFIED FROM AOCI INTO STATEMENT OF OPERATIONS	AMOUNT OF GAIN / (LOSS)
		THREE MONTHS ENDED						NINE MONTHS ENDED
		JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
		(In millions)
Interest rate swap agreements	Interest expense	$	(0.5	)	$	(1.5	)	$	(1.7	)	$	(4.7	)
Commodity hedging instruments	Cost of sales	0.1			(0.2		)	(0.2		)	(0.6		)
Total		$	(0.4	)	$	(1.7	)	$	(1.9	)	$	(5.3	)



DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS	RECOGNIZED IN STATEMENT OF OPERATIONS	AMOUNT OF GAIN / (LOSS)
		THREE MONTHS ENDED					NINE MONTHS ENDED
		JULY 1, 2017			JULY 2, 2016		JULY 1, 2017			JULY 2, 2016
		(In millions)
Currency forward contracts	Other income, net	$	(1.7	)	$	0.7	$	5.3		$	(0.4	)
Commodity hedging instruments	Cost of sales	(0.6		)	1.8		(0.6		)	(2.5		)
Total		$	(2.3	)	$	2.5	$	4.7		$	(2.9	)

FAIR VALUE MEASUREMENTS

9 Months Ended

Jul. 01, 2017

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

Level 1 — Quoted prices in active markets for identical assets or liabilities.

Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

The following describes the valuation methodologies used for financial assets and liabilities measured at fair value on a recurring basis, as well as the general classification within the valuation hierarchy.

Derivatives

Derivatives consist of currency, interest rate and commodity derivative instruments. Currency forward contracts are valued using observable forward rates in commonly quoted intervals for the full term of the contracts. Interest rate swap agreements are valued based on the present value of the estimated future net cash flows using implied rates in the applicable yield curve as of the valuation date. Commodity contracts are measured using observable commodity exchange prices in active markets.

These derivative instruments are classified within Level 2 of the valuation hierarchy and are included within other assets and other liabilities in the Company’s Condensed Consolidated Balance Sheets, except for derivative instruments expected to be settled within the next 12 months, which are included within prepaid and other current assets and other current liabilities.

Cash Equivalents

Cash equivalents consist of highly liquid financial instruments with original maturities of three months or less. The carrying value of these cash equivalents approximates fair value due to their short-term maturities.

Other

Other consists of investment securities in non-qualified retirement plan assets and the Bonnie Option. Investment securities in non-qualified retirement plan assets are valued using observable market prices in active markets and are classified within Level 1 of the valuation hierarchy. The fair value of the Bonnie Option is determined using a simulation approach, whereby the total value of the loan receivable and optional exchange for additional equity was estimated considering a distribution of possible future cash flows discounted to present value using an appropriate discount rate, and is classified in Level 3 of the fair value hierarchy.

Long-Term Debt

Long-term debt consists of a loan provided to the noncontrolling ownership group of Gavita. The estimated fair value of the loan was determined using an income-based approach, which includes market participant expectations of cash flows over the remaining useful life discounted to present value using an appropriate discount rate. The estimate requires subjective assumptions to be made, including those related to future business results and discount rates. The fair value measurement is based on significant inputs unobservable in the market and thus represents a Level 3 measurement.

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis at July 1, 2017:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)			Total
	(In millions)
Assets
Cash equivalents	$	22.1	$	—		$	—		$	22.1
Derivatives
Interest rate swap agreements	—		1.4			—			1.4
Currency forward contracts	—		0.4			—			0.4
Other	15.2		—			11.8			27.0
Total	$	37.3	$	1.8		$	11.8		$	50.9
Liabilities
Derivatives
Interest rate swap agreements	$	—	$	(1.6	)	$	—		$	(1.6	)
Currency forward contracts	—		(2.5		)	—			(2.5		)
Commodity hedging instruments	—		(2.3		)	—			(2.3		)
Long-term debt	—		—			(40.5		)	(40.5		)
Total	$	—	$	(6.4	)	$	(40.5	)	$	(46.9	)

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis at July 2, 2016:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)			Total
	(In millions)
Assets
Cash equivalents	$	14.6	$	—		$	—		$	14.6
Derivatives
Currency forward contracts	—		1.2			—			1.2
Commodity hedging instruments	—		0.2			—			0.2
Other	11.1		—			—			11.1
Total	$	25.7	$	1.4		$	—		$	27.1
Liabilities
Derivatives
Interest rate swap agreements	$	—	$	(8.7	)	$	—		$	(8.7	)
Currency forward contracts	—		(0.8		)	—			(0.8		)
Commodity hedging instruments	—		(0.9		)	—			(0.9		)
Long-term debt	—		—			(37.7		)	(37.7		)
Total	$	—	$	(10.4	)	$	(37.7	)	$	(48.1	)

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis at September 30, 2016:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)			Total
	(In millions)
Assets
Cash equivalents	$	11.5	$	—		$	—		$	11.5
Derivatives
Currency forward contracts	—		1.2			—			1.2
Other	11.8		—			10.9			22.7
Total	$	23.3	$	1.2		$	10.9		$	35.4
Liabilities
Derivatives
Interest rate swap agreements	$	—	$	(6.4	)	$	—		$	(6.4	)
Currency forward contracts	—		(0.8		)	—			(0.8		)
Commodity hedging instruments	—		(0.4		)	—			(0.4		)
Long-term debt	—		—			(38.3		)	(38.3		)
Total	$	—	$	(7.6	)	$	(38.3	)	$	(45.9	)

SEGMENT INFORMATION

9 Months Ended

Jul. 01, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company divides its business into three reportable segments: U.S. Consumer, Europe Consumer and Other. U.S. Consumer consists of the Company’s consumer lawn and garden business located in the geographic United States. Europe Consumer consists of the Company’s consumer lawn and garden business located in geographic Europe. Other consists of the Company’s consumer lawn and garden businesses in geographies other than the U.S. and Europe, the Company’s indoor, urban and hydroponic gardening business, and revenues and expenses associated with the Company’s supply agreements with Israel Chemicals, Ltd. Corporate consists of general and administrative expenses and certain other income/expense items not allocated to the business segments. This division of reportable segments is consistent with how the segments report to and are managed by the chief operating decision maker of the Company.

Segment performance is evaluated based on several factors, including income (loss) from continuing operations before income taxes, amortization, impairment, restructuring and other charges (“Segment Profit (Loss)”). Senior management uses this measure of profit (loss) to evaluate segment performance because the Company believes this measure is indicative of performance trends and the overall earnings potential of each segment.

The following tables present summarized financial information concerning the Company’s reportable segments for the periods indicated:



	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Net sales:
U.S. Consumer	$	792.2		$	756.7		$	1,880.1		$	1,909.6
Europe Consumer	93.2			96.2			222.9			236.9
Other	192.6			141.2			425.2			287.3
Consolidated	$	1,078.0		$	994.1		$	2,528.2		$	2,433.8

Segment Profit (Loss):
U.S. Consumer	$	246.6		$	205.8		$	522.5		$	487.6
Europe Consumer	13.3			11.8			23.2			24.2
Other	23.8			11.9			44.5			17.0
Total Segment Profit	283.7			229.5			590.2			528.8
Corporate	(28.1		)	(13.8		)	(87.0		)	(73.9		)
Intangible asset amortization	(5.9		)	(4.4		)	(17.8		)	(12.6		)
Impairment, restructuring and other	(4.1		)	(11.4		)	(8.8		)	29.1
Equity in income (loss) of unconsolidated affiliates ^(a)	7.2			13.5			(30.1		)	13.5
Costs related to refinancing	—			—			—			(8.8		)
Interest expense	(21.8		)	(16.9		)	(58.9		)	(52.3		)
Income from continuing operations before income taxes	$	231.0		$	196.5		$	387.6		$	423.8

(a)

Included within equity in income (loss) of unconsolidated affiliates for the three and nine months ended July 1, 2017 are charges of $5.0 million and $16.7 million, respectively, which represent the Company’s share of restructuring and other charges incurred by the TruGreen Joint Venture. For the three and nine months ended July 2, 2016, the Company’s share of restructuring and other charges incurred by the TruGreen Joint Venture of $17.0 million were included within impairment, restructuring and other above.



	JULY 1, 2017		JULY 2, 2016		SEPTEMBER 30, 2016
	(In millions)
Total assets:
U.S. Consumer	$	2,068.2	$	2,121.1	$	1,770.7
Europe Consumer	248.1		264.6		192.1
Other	789.5		570.9		568.1
Corporate	241.7		296.9		271.9
Consolidated	$	3,347.5	$	3,253.5	$	2,802.8

OTHER	9 Months Ended
OTHER	Jul. 01, 2017
Business Combinations [Abstract]
OTHER	OTHER On April 29, 2017, the Company received a binding and irrevocable conditional offer (the “Offer”) from Exponent Private Equity LLP (“Exponent”) to purchase its consumer lawn and garden business carried on in certain international jurisdictions (the “International Business”). On July 5, 2017, the Company accepted the Offer and entered into the Share and Business Sale Agreement (the “Agreement”) contemplated by the Offer. The Company expects the transaction to close during the fourth quarter of fiscal 2017. Pursuant to the Agreement, Scotts-Sierra Investments LLC, an indirect wholly-owned subsidiary of the Company (“Sierra”) and certain of its direct and indirect subsidiaries, will enter into separate stock or asset sale transactions with respect to the consumer lawn and garden businesses located in Australia, Austria, Benelux, Czech Republic, France, Germany, Poland and the United Kingdom. Upon closing of the transaction, Exponent will pay the Company approximately EUR 210.0 million (subject to potential adjustment following closing in respect of the actual financial position at closing) and a deferred payment amount of up to EUR 20.0 million, contingent on the achievement of certain performance criteria by the International Business following the closing of the transaction. The parties’ obligations to consummate the transaction are conditioned upon (i) the Monsanto Company entering into a certain exclusive agency and marketing agreement and a certain lawn and garden brand extension agreement, each with Exponent, relating to the marketing and distribution of Roundup^® products, (ii) the receipt of landlord consents to the transfer of/change of control in respect of certain material real estate leases, (iii) evidence of the waiver by the relevant municipal authority of its pre-emption right in relation to the properties of the International Business in Bourth and Hautmont in France, or the expiry of the period during which the relevant municipal authority may exercise such right of pre-emption, (iv) specific third party written consent in respect of the assignment of certain supply agreements and the sub-licensing of certain intellectual property, and (v) the receipt of formal clearance from the competition authorities in France, Germany and Poland. As part of the transaction, Exponent will receive vendor financing from Sierra in the form of a EUR 25.0 million loan for seven years bearing interest at 5% for the first three years, with annual 250 basis point increases thereafter. The Agreement also includes customary representations, warranties and covenants. Among other things, Sierra will provide customary business warranties regarding the International Business subject to certain financial limitations. Also, Sierra has agreed to certain customary pre-closing covenants, including with respect to the operation of the International Business prior to closing and the assistance with and delivery of certain regulatory approvals and third party consents.

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS

9 Months Ended

Jul. 01, 2017

Condensed Financial Information of Parent Subsidiary Guarantors and Subsidiary Non Guarantors [Abstract]

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS

The 6.000% and 5.250% Senior Notes were issued on October 13, 2015 and December 15, 2016, respectively, and are guaranteed by certain of the Company’s domestic subsidiaries and, therefore, the Company reports condensed consolidating financial information in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered. On December 15, 2015, Scotts Miracle-Gro redeemed all of its outstanding $200.0 million aggregate principal amount of 6.625% Senior Notes, which were previously guaranteed by certain of its domestic subsidiaries. The guarantees are “full and unconditional,” as those terms are used in Regulation S-X Rule 3-10, except that a subsidiary’s guarantee will be released in certain customary circumstances, such as (1) upon any sale or other disposition of all or substantially all of the assets of the subsidiary (including by way of merger or consolidation) to any person other than Scotts Miracle-Gro or any “restricted subsidiary” under the indentures governing the 6.000% and 5.250% Senior Notes; (2) if the subsidiary merges with and into Scotts Miracle-Gro, with Scotts Miracle-Gro surviving such merger; (3) if the subsidiary is designated an “unrestricted subsidiary” in accordance with the indentures governing the 6.000% and 5.250% Senior Notes or otherwise ceases to be a “restricted subsidiary” (including by way of liquidation or dissolution) in a transaction permitted by such indenture; (4) upon legal or covenant defeasance; (5) at the election of Scotts Miracle-Gro following the subsidiary’s release as a guarantor under the new credit agreement, except a release by or as a result of the repayment of the new credit agreement; or (6) if the subsidiary ceases to be a “restricted subsidiary” and the subsidiary is not otherwise required to provide a guarantee of the 6.000% and 5.250% Senior Notes pursuant to the indentures governing the 6.000% and 5.250% Senior Notes.

The following 100% directly or indirectly owned subsidiaries fully and unconditionally guarantee at July 1, 2017 the 6.000% and 5.250% Senior Notes on a joint and several basis: Gutwein & Co., Inc.; Hyponex Corporation; Miracle-Gro Lawn Products, Inc.; OMS Investments, Inc.; Rod McLellan Company; Sanford Scientific, Inc.; Scotts Temecula Operations, LLC; Scotts Manufacturing Company; Scotts Products Co.; Scotts Professional Products Co.; Scotts-Sierra Investments LLC; SMG Growing Media, Inc.; Swiss Farms Products, Inc.; SMGM LLC; The Scotts Company LLC; The Hawthorne Gardening Company; Hawthorne Hydroponics LLC; HGCI, Inc.; GenSource, Inc.; and SLS Holdings, Inc. (collectively, the “Guarantors”). Effective in the three-month period ending July 1, 2017, American Agritech, L.L.C. was merged into Hawthorne Hydroponics LLC, and has been classified as a Guarantor for all periods presented. Effective in the three-month period ending July 2, 2016, the SLS Business was contributed to the TruGreen Joint Venture and the Company classified its results of operations for all periods presented to reflect the SLS Business as a discontinued operation and classified the assets and liabilities as held for sale within the financial information of the Guarantors. Subsequent to their contribution to the TruGreen Joint Venture, EG Systems, LLC (formerly known as EG Systems, Inc.) and SLS Franchise Systems LLC are no longer Guarantors of the 6.000% Senior Notes. SLS Holdings, Inc. was added as a Guarantor effective in the three-month period ending July 2, 2016, and HGCI, Inc. and GenSource, Inc. were added as Guarantors effective in the three-month period ending January 2, 2016, and have been classified as Guarantors for all periods presented.

The following information presents Condensed Consolidating Statements of Operations for the three and nine months ended July 1, 2017 and July 2, 2016, Condensed Consolidating Statements of Comprehensive Income (Loss) for the three and nine months ended July 1, 2017 and July 2, 2016, Condensed Consolidating Statements of Cash Flows for the nine months ended July 1, 2017 and July 2, 2016, and Condensed Consolidating Balance Sheets as of July 1, 2017, July 2, 2016 and September 30, 2016. The condensed consolidating financial information presents, in separate columns, financial information for: Scotts Miracle-Gro on a Parent-only basis, carrying its investment in subsidiaries under the equity method; Guarantors on a combined basis, carrying their investments in subsidiaries which do not guarantee the debt (collectively, the “Non-Guarantors”) under the equity method; Non-Guarantors on a combined basis; and eliminating entries. The eliminating entries primarily reflect intercompany transactions, such as interest expense, accounts receivable and payable, short and long-term debt, and the elimination of equity investments, return on investments and income in subsidiaries. Because the Parent is obligated to pay the unpaid principal amount and interest on all amounts borrowed by the Guarantors or Non-Guarantors under the credit facility (and was obligated to pay the unpaid principal amount and interest on all amounts borrowed by the Guarantors and Non-Guarantors under the previous senior secured five-year revolving loan facility), the borrowings and related interest expense for the loans outstanding of the Guarantors and Non-Guarantors are also presented in the accompanying Parent-only financial information, and are then eliminated. Included in the Parent Condensed Consolidating Statement of Cash Flows for the nine months ended July 1, 2017 are $511.1 million of dividends paid by the Guarantors and Non-Guarantors to the Parent representing return of investments and as such are classified within cash flows from investing activities. Included in the Parent Condensed Consolidating Statement of Cash Flows for the nine months ended July 2, 2016 are $758.4 million of dividends paid by the Guarantors and Non-Guarantors to the Parent representing return of investments and as such are classified within cash flows from investing activities.

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Operations

for the three months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	845.3		$	232.7		$	—		$	1,078.0
Cost of sales	—			492.0			170.8			—			662.8
Gross profit	—			353.3			61.9			—			415.2
Operating expenses:
Selling, general and administrative	—			128.8			42.9			0.3			172.0
Impairment, restructuring and other	—			4.2			(0.1		)	—			4.1
Other (income) loss, net	(0.2		)	(4.0		)	(2.3		)	—			(6.5		)
Income (loss) from operations	0.2			224.3			21.4			(0.3		)	245.6
Equity (income) loss in subsidiaries	(160.6		)	(8.2		)	—			168.8			—
Other non-operating (income) loss	(6.6		)	—			(3.7		)	10.3			—
Equity in (income) loss of unconsolidated affiliates	—			(7.2		)	—			—			(7.2		)
Interest expense	19.6			11.1			1.4			(10.3		)	21.8
Income (loss) from continuing operations before income taxes	147.8			228.6			23.7			(169.1		)	231.0
Income tax (benefit) expense from continuing operations	(4.4		)	75.4			8.1			—			79.1
Income (loss) from continuing operations	152.2			153.2			15.6			(169.1		)	151.9
Income (loss) from discontinued operations, net of tax	—			—			—			—			—
Net income (loss)	$	152.2		$	153.2		$	15.6		$	(169.1	)	$	151.9
Net (income) loss attributable to noncontrolling interest	—			—			—			—			—
Net income (loss) attributable to controlling interest	$	152.2		$	153.2		$	15.6		$	(169.1	)	$	151.9

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Operations

for the nine months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	2,010.8		$	517.4		$	—		$	2,528.2
Cost of sales	—			1,191.1			375.4			—			1,566.5
Gross profit	—			819.7			142.0			—			961.7
Operating expenses:
Selling, general and administrative	—			375.3			112.5			1.0			488.8
Impairment, restructuring and other	—			9.4			(0.6		)	—			8.8
Other (income) loss, net	(0.6		)	(10.4		)	(1.5		)	—			(12.5		)
Income (loss) from operations	0.6			445.4			31.6			(1.0		)	476.6
Equity (income) loss in subsidiaries	(276.1		)	(14.0		)	—			290.1			—
Other non-operating (income) loss	(18.4		)	—			(13.6		)	32.0			—
Equity in (income) loss of unconsolidated affiliates	—			30.0			0.1			—			30.1
Interest expense	54.9			32.3			3.7			(32.0		)	58.9
Income (loss) from continuing operations before income taxes	240.2			397.1			41.4			(291.1		)	387.6
Income tax (benefit) expense from continuing operations	(12.5		)	132.7			14.5			—			134.7
Income (loss) from continuing operations	252.7			264.4			26.9			(291.1		)	252.9
Income (loss) from discontinued operations, net of tax	—			(0.6		)	—			—			(0.6		)
Net income (loss)	$	252.7		$	263.8		$	26.9		$	(291.1	)	$	252.3
Net (income) loss attributable to noncontrolling interest	—			—			—			(0.5		)	(0.5		)
Net income (loss) attributable to controlling interest	$	252.7		$	263.8		$	26.9		$	(291.6	)	$	251.8

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the three months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors		Eliminations/ Consolidations			Consolidated
Net income (loss)	$	152.2		$	153.2		$	15.6	$	(169.1	)	$	151.9
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	5.8			—			5.8		(5.8		)	5.8
Net change in derivatives	(0.8		)	(1.0		)	—		1.0			(0.8		)
Net change in pension and other post-retirement benefits	0.5			0.2			0.3		(0.5		)	0.5
Total other comprehensive income (loss)	5.5			(0.8		)	6.1		(5.3		)	5.5
Comprehensive income (loss)	$	157.7		$	152.4		$	21.7	$	(174.4	)	$	157.4
Comprehensive (income) loss attributable to noncontrolling interest	—			—			—		(0.1		)	(0.1		)
Comprehensive income attributable to controlling interest	$	157.7		$	152.4		$	21.7	$	(174.5	)	$	157.3

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the nine months ended July 1, 2017

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors			Non- Guarantors		Eliminations/ Consolidations			Consolidated
Net income (loss)	$	252.7	$	263.8		$	26.9	$	(291.1	)	$	252.3
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	3.6		—			3.6		(3.6		)	3.6
Net change in derivatives	3.7		(0.2		)	—		0.2			3.7
Net change in pension and other post-retirement benefits	1.4		0.4			1.0		(1.4		)	1.4
Total other comprehensive income (loss)	8.7		0.2			4.6		(4.8		)	8.7
Comprehensive income (loss)	$	261.4	$	264.0		$	31.5	$	(295.9	)	$	261.0
Comprehensive (income) loss attributable to noncontrolling interest	—		—			—		(0.6		)	(0.6		)
Comprehensive income attributable to controlling interest	$	261.4	$	264.0		$	31.5	$	(296.5	)	$	260.4

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Cash Flows

for the nine months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES ^(a)	$	(37.4	)	$	216.1		$	(95.8	)	$	(0.5	)	$	82.4

INVESTING ACTIVITIES ^(a)
Proceeds from sale of long-lived assets	—			4.9			0.1			—			5.0
Investments in property, plant and equipment	—			(36.1		)	(5.9		)	—			(42.0		)
Net (investments in) distributions from unconsolidated affiliates	—			—			(0.2		)	—			(0.2		)
Investments in acquired businesses, net of cash acquired	—			(80.5		)	(8.7		)	—			(89.2		)
Return of investments from affiliates	511.1			32.4			—			(543.5		)	—
Investing cash flows from (to) affiliates	(464.5		)	(248.2		)	—			712.7			—
Net cash provided by (used in) investing activities	46.6			(327.5		)	(14.7		)	169.2			(126.4		)

FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	—			1,152.3			210.5			—			1,362.8
Repayments under revolving and bank lines of credit and term loans	—			(973.6		)	(231.7		)	—			(1,205.3		)
Proceeds from issuance of 5.250% Senior Notes	250.0			—			—			—			250.0
Financing and issuance fees	(3.8		)	(0.5		)	—			—			(4.3		)
Dividends paid	(89.4		)	(511.1		)	(0.5		)	511.6			(89.4		)
Distribution paid by AeroGrow	—			—			(40.5		)	32.4			(8.1		)
Purchase of Common Shares	(173.8		)	—			—			—			(173.8		)
Payments on seller notes	—			(15.5		)	(13.2		)	—			(28.7		)
Excess tax benefits from share-based payment arrangements	4.5			—			—			—			4.5
Cash received from the exercise of stock options	3.3			—			—			—			3.3
Financing cash flows from (to) affiliates	—			464.5			248.2			(712.7		)	—
Net cash provided by (used in) financing activities	(9.2		)	116.1			172.8			(168.7		)	111.0
Effect of exchange rate changes on cash	—			—			2.0			—			2.0
Net increase (decrease) in cash and cash equivalents	—			4.7			64.3			—			69.0
Cash and cash equivalents at beginning of period	—			2.7			47.4			—			50.1
Cash and cash equivalents at end of period	$	—		$	7.4		$	111.7		$	—		$	119.1

(a)

Cash received by the Parent from the Guarantors and Non-Guarantors in the form of dividends in the amount of $511.1 million represent return of investments and are included in cash flows from investing activities. Cash received by the Guarantors from the Non-Guarantors in the form of distributions in the amount of $32.4 million represent return of investments and are included in cash flows from investing activities. Cash received by the Guarantor from the Non-Guarantors in the form of dividends in the amount of $0.5 million represent return on investments and are included in cash flows from operating activities.

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Balance Sheet

As of July 1, 2017

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors		Non- Guarantors		Eliminations/ Consolidations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	7.4	$	111.7	$	—		$	119.1
Accounts receivable, net	—		283.7		190.6		—			474.3
Accounts receivable pledged	—		277.8		—		—			277.8
Inventories	—		331.9		134.7		—			466.6
Prepaid and other current assets	1.2		96.4		48.9		—			146.5
Total current assets	1.2		997.2		485.9		—			1,484.3
Investment in unconsolidated affiliates	—		65.0		0.7		—			65.7
Property, plant and equipment, net	—		382.4		78.4		—			460.8
Goodwill	—		294.0		103.1		11.6			408.7
Intangible assets, net	—		641.8		155.6		9.2			806.6
Other assets	9.1		109.8		2.6		(0.1		)	121.4
Equity investment in subsidiaries	1,112.1		—		—		(1,112.1		)	—
Intercompany assets	1,008.9		3.1		—		(1,012.0		)	—
Total assets	$	2,131.3	$	2,493.3	$	826.3	$	(2,103.4	)	$	3,347.5

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	15.0	$	265.8	$	23.3	$	(15.0	)	$	289.1
Accounts payable	—		134.8		89.2		—			224.0
Other current liabilities	8.1		214.4		104.9		—			327.4
Total current liabilities	23.1		615.0		217.4		(15.0		)	840.5
Long-term debt	1,377.3		642.8		135.8		(736.2		)	1,419.7
Other liabilities	0.5		265.8		73.2		4.8			344.3
Equity investment in subsidiaries	—		90.1		—		(90.1		)	—
Intercompany liabilities	—		—		244.4		(244.4		)	—
Total liabilities	1,400.9		1,613.7		670.8		(1,080.9		)	2,604.5
Total equity—controlling interest	730.4		879.6		155.5		(1,035.1		)	730.4
Noncontrolling interest	—		—		—		12.6			12.6
Total equity	730.4		879.6		155.5		(1,022.5		)	743.0
Total liabilities and equity	$	2,131.3	$	2,493.3	$	826.3	$	(2,103.4	)	$	3,347.5

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Operations

for the three months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	786.2		$	207.9		$	—		$	994.1
Cost of sales	—			485.8			150.5			—			636.3
Cost of sales—impairment, restructuring and other	—			0.4			—			—			0.4
Gross profit	—			300.0			57.4			—			357.4
Operating expenses:
Selling, general and administrative	—			108.5			43.0			0.4			151.9
Impairment, restructuring and other	—			(5.8		)	—			—			(5.8		)
Other (income) loss, net	(0.2		)	(5.8		)	0.4			—			(5.6		)
Income (loss) from operations	0.2			203.1			14.0			(0.4		)	216.9
Equity (income) loss in subsidiaries	(219.6		)	(5.9		)	—			225.5			—
Other non-operating (income) loss	(6.1		)	—			(5.7		)	11.8			—
Equity in (income) loss of unconsolidated affiliates	—			3.5			—			—			3.5
Interest expense	15.7			11.8			1.2			(11.8		)	16.9
Income (loss) from continuing operations before income taxes	210.2			193.7			18.5			(225.9		)	196.5
Income tax (benefit) expense from continuing operations	(3.2		)	66.2			6.5			—			69.5
Income (loss) from continuing operations	213.4			127.5			12.0			(225.9		)	127.0
Income (loss) from discontinued operations, net of tax	—			85.7			—			—			85.7
Net income (loss)	$	213.4		$	213.2		$	12.0		$	(225.9	)	$	212.7
Net (income) loss attributable to noncontrolling interest	—			—			—			0.4			0.4
Net income (loss) attributable to controlling interest	$	213.4		$	213.2		$	12.0		$	(225.5	)	$	213.1

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Operations

for the nine months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	1,985.5		$	448.3		$	—		$	2,433.8
Cost of sales	—			1,215.7			316.9			—			1,532.6
Cost of sales—impairment, restructuring and other	—			5.5			—			—			5.5
Gross profit	—			764.3			131.4			—			895.7
Operating expenses:
Selling, general and administrative	—			355.9			109.1			1.1			466.1
Impairment, restructuring and other	—			(52.1		)	0.4			—			(51.7		)
Other (income) loss, net	(0.2		)	(7.0		)	0.1			—			(7.1		)
Income (loss) from operations	0.2			467.5			21.8			(1.1		)	488.4
Equity (income) loss in subsidiaries	(368.4		)	(11.4		)	—			379.8			—
Other non-operating (income) loss	(19.4		)	—			(17.8		)	37.2			—
Equity in (income) loss of unconsolidated affiliates	—			3.5			—			—			3.5
Costs related to refinancing	8.8			—			—			—			8.8
Interest expense	49.9			36.4			3.2			(37.2		)	52.3
Income (loss) from continuing operations before income taxes	329.3			439.0			36.4			(380.9		)	423.8
Income tax (benefit) expense from continuing operations	(13.9		)	151.2			13.0			—			150.3
Income (loss) from continuing operations	343.2			287.8			23.4			(380.9		)	273.5
Income (loss) from discontinued operations, net of tax	—			68.2			—			—			68.2
Net income (loss)	$	343.2		$	356.0		$	23.4		$	(380.9	)	$	341.7
Net (income) loss attributable to noncontrolling interest	—			—			—			0.2			0.2
Net income (loss) attributable to controlling interest	$	343.2		$	356.0		$	23.4		$	(380.7	)	$	341.9

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the three months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors		Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net income (loss)	$	213.4		$	213.2	$	12.0		$	(225.9	)	$	212.7
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	(12.3		)	—		(12.3		)	12.3			(12.3		)
Net change in derivatives	0.5			0.1		—			(0.1		)	0.5
Net change in pension and other post-retirement benefits	0.9			0.4		0.5			(0.9		)	0.9
Total other comprehensive income (loss)	(10.9		)	0.5		(11.8		)	11.3			(10.9		)
Comprehensive income (loss)	$	202.5		$	213.7	$	0.2		$	(214.6	)	$	201.8

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the nine months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net income (loss)	$	343.2		$	356.0		$	23.4		$	(380.9	)	$	341.7
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	(14.8		)	—			(14.8		)	14.8			(14.8		)
Net change in derivatives	2.5			(0.2		)	—			0.2			2.5
Net change in pension and other post-retirement benefits	1.6			0.8			0.8			(1.6		)	1.6
Total other comprehensive income (loss)	(10.7		)	0.6			(14.0		)	13.4			(10.7		)
Comprehensive income (loss)	$	332.5		$	356.6		$	9.4		$	(367.5	)	$	331.0

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Statement of Cash Flows

for the nine months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(33.4	)	$	18.6		$	(43.2	)	$	29.1		$	(28.9	)

INVESTING ACTIVITIES ^(a)
Proceeds from sale of long-lived assets	—			2.4			—			—			2.4
Investments in property, plant and equipment	—			(29.4		)	(6.3		)	—			(35.7		)
Investments in loans receivable	—			(90.0		)	—			—			(90.0		)
Net (investments in) distributions from unconsolidated affiliates	—			194.1			—			—			194.1
Cash contributed to TruGreen Joint Venture	—			(24.2		)	—			—			(24.2		)
Investments in acquired businesses, net of cash acquired	—			—			(161.4		)	—			(161.4		)
Return of investments from affiliates	758.4			—			—			(758.4		)	—
Investing cash flows from (to) affiliates	(760.4		)	(29.1		)	—			789.5			—
Net cash provided by (used in) investing activities	(2.0		)	23.8			(167.7		)	31.1			(114.8		)

FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	—			1,669.3			213.3			—			1,882.6
Repayments under revolving and bank lines of credit and term loans	—			(1,652.6		)	(110.3		)	—			(1,762.9		)
Proceeds from issuance of 6.000% Senior Notes	400.0			—			—			—			400.0
Repayment of 6.625% Senior Notes	(200.0		)	—			—			—			(200.0		)
Financing and issuance fees	(11.2		)	—			—			—			(11.2		)
Dividends paid	(86.4		)	(747.4		)	(11.0		)	758.4			(86.4		)
Purchase of Common Shares	(81.2		)	—			—			—			(81.2		)
Payments on seller notes	—			(1.8		)	(0.5		)	—			(2.3		)
Excess tax benefits from share-based payment arrangements	4.3			—			—			—			4.3
Cash received from the exercise of stock options	9.9			—			—			—			9.9
Financing cash flows from (to) affiliates	—			689.0			129.6			(818.6		)	—
Net cash provided by (used in) financing activities	35.4			(43.5		)	221.1			(60.2		)	152.8
Effect of exchange rate changes on cash	—			—			(3.3		)	—			(3.3		)
Net increase (decrease) in cash and cash equivalents	—			(1.1		)	6.9			—			5.8
Cash and cash equivalents at beginning of period	—			8.2			63.2			—			71.4
Cash and cash equivalents at end of period	$	—		$	7.1		$	70.1		$	—		$	77.2


(a)	Cash received by the Parent from its subsidiaries in the form of dividends in the amount of $758.4 million represent return of investments and are included in cash flows from investing activities.

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Balance Sheet

As of July 2, 2016

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors		Non- Guarantors		Eliminations/ Consolidations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	7.1	$	70.1	$	—		$	77.2
Accounts receivable, net	—		157.8		201.9		—			359.7
Accounts receivable pledged	—		435.1		—		—			435.1
Inventories	—		354.3		115.6		—			469.9
Prepaid and other current assets	0.2		96.2		42.8		—			139.2
Total current assets	0.2		1,050.5		430.4		—			1,481.1
Investment in unconsolidated affiliates	—		94.4		—		—			94.4
Property, plant and equipment, net	—		375.5		74.1		—			449.6
Goodwill	—		260.4		74.0		11.6			346.0
Intangible assets, net	—		599.2		140.8		10.6			750.6
Other assets	14.7		115.0		15.3		(13.2		)	131.8
Equity investment in subsidiaries	833.3		—		—		(833.3		)	—
Intercompany assets	1,071.5		—		—		(1,071.5		)	—
Total assets	$	1,919.7	$	2,495.0	$	734.6	$	(1,895.8	)	$	3,253.5

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	15.0	$	364.0	$	18.5	$	(15.0	)	$	382.5
Accounts payable	—		176.9		72.6		—			249.5
Other current liabilities	11.3		241.6		106.3		—			359.2
Total current liabilities	26.3		782.5		197.4		(15.0		)	991.2
Long-term debt	1,076.2		501.2		191.5		(644.8		)	1,124.1
Other liabilities	4.3		277.9		30.6		(6.8		)	306.0
Equity investment in subsidiaries	—		149.7		—		(149.7		)	—
Intercompany liabilities	—		197.1		204.9		(402.0		)	—
Total liabilities	1,106.8		1,908.4		624.4		(1,218.3		)	2,421.3
Total equity—controlling interest	812.9		586.6		110.2		(696.8		)	812.9
Noncontrolling interest	—		—		—		19.3			19.3
Total equity	812.9		586.6		110.2		(677.5		)	832.2
Total liabilities and equity	$	1,919.7	$	2,495.0	$	734.6	$	(1,895.8	)	$	3,253.5

THE SCOTTS MIRACLE-GRO COMPANY

Condensed Consolidating Balance Sheet

As of September 30, 2016

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors		Non- Guarantors		Eliminations/ Consolidations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	2.7	$	47.4	$	—		$	50.1
Accounts receivable, net	—		92.4		104.0		—			196.4
Accounts receivable pledged	—		174.7		—		—			174.7
Inventories	—		327.8		120.4		—			448.2
Prepaid and other current assets	0.1		82.8		39.4		—			122.3
Total current assets	0.1		680.4		311.2		—			991.7
Investment in unconsolidated affiliates	—		100.3		0.7		—			101.0
Property, plant and equipment, net	—		392.1		78.7		—			470.8
Goodwill	—		260.4		101.2		11.6			373.2
Intangible assets, net	—		596.4		144.3		10.2			750.9
Other assets	13.2		103.8		0.7		(2.5		)	115.2
Equity investment in subsidiaries	808.8		—		—		(808.8		)	—
Intercompany assets	1,013.0		—		—		(1,013.0		)	—
Total assets	$	1,835.1	$	2,133.4	$	636.8	$	(1,802.5	)	$	2,802.8

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	15.0	$	154.2	$	30.8	$	(15.0	)	$	185.0
Accounts payable	—		108.8		57.1		—			165.9
Other current liabilities	16.6		143.6		82.0		—			242.2
Total current liabilities	31.6		406.6		169.9		(15.0		)	593.1
Long-term debt	1,085.1		575.7		117.2		(652.9		)	1,125.1
Other liabilities	3.2		268.7		76.0		2.4			350.3
Equity investment in subsidiaries	—		161.0		—		(161.0		)	—
Intercompany liabilities	—		147.2		187.1		(334.3		)	—
Total liabilities	1,119.9		1,559.2		550.2		(1,160.8		)	2,068.5
Total equity—controlling interest	715.2		574.2		86.6		(660.8		)	715.2
Noncontrolling interest	—		—		—		19.1			19.1
Total equity	715.2		574.2		86.6		(641.7		)	734.3
Total liabilities and equity	$	1,835.1	$	2,133.4	$	636.8	$	(1,802.5	)	$	2,802.8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jul. 01, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	The Company’s unaudited condensed consolidated financial statements for the three and nine months ended July 1, 2017 and July 2, 2016 are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Consolidation	The condensed consolidated financial statements include the accounts of Scotts Miracle-Gro and its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. The Company’s consolidation criteria are based on majority ownership (as evidenced by a majority voting interest in the entity) and an objective evaluation and determination of effective management control. AeroGrow International, Inc. (“AeroGrow”) and Gavita Holdings B.V., and its subsidiaries (collectively, “Gavita”), in which the Company has controlling interests, are consolidated, with the equity owned by other shareholders shown as noncontrolling interest in the Condensed Consolidated Balance Sheets, and the other shareholders’ portion of net earnings and other comprehensive income shown as net income (loss) or comprehensive (income) loss attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Loss), respectively.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes and related disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results ultimately may differ from the estimates.
Loans Receivable	Loans Receivable Loans receivable are carried at outstanding principal amount, and are recognized in the “Other assets” line in the Condensed Consolidated Balance Sheets. Loans receivable are impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. If it is determined that an impairment has occurred, an impairment loss is recognized for the amount by which the carrying value of the asset exceeds the present value of expected future cash flows and recorded within “Operating expenses” in the Condensed Consolidated Statements of Operations. Interest income is recorded on an accrual basis, and is recognized in the “Other income, net” line in the Condensed Consolidated Statements of Operations.
Statements of Cash Flows	The Company uses the “cumulative earnings” approach for determining cash flow presentation of distributions from unconsolidated affiliates. Distributions received are included in the Condensed Consolidated Statements of Cash Flows as operating activities, unless the cumulative distributions exceed the portion of the cumulative equity in the net earnings of the unconsolidated affiliate, in which case the excess distributions are deemed to be returns of the investment and are classified as investing activities in the Condensed Consolidated Statements of Cash Flows.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS Debt Issuance Costs In April 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the corresponding debt liability rather than as an asset; however debt issuance costs relating to revolving credit facilities will remain in other assets. The Company adopted this guidance on a retrospective basis effective October 1, 2016. As a result, debt issuance costs totaling $6.2 million and $6.0 million have been presented as a component of the carrying amount of long-term debt in the Condensed Consolidated Balance Sheets as of July 2, 2016 and September 30, 2016, respectively. These amounts were previously reported within other assets. Business Combinations In September 2015, the FASB issued an accounting standard update to simplify the accounting for measurement-period adjustments by requiring an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, and requiring disclosure of the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The Company adopted this guidance on a prospective basis effective October 1, 2016. The adoption of this guidance did not impact the Company’s consolidated financial position, results of operations or cash flows. Revenue Recognition from Contracts with Customers In May 2014, the FASB issued amended accounting guidance that replaces most existing revenue recognition guidance under GAAP. This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The standard involves a five-step process that includes identifying the contract with the customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations in the contract and recognizing revenue when the entity satisfies the performance obligations. The new standard also will result in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Subsequently, additional guidance was issued on several areas including guidance intended to improve the operability and understandability of the implementation of principal versus agent considerations and clarifications on the identification of performance obligations and implementation of guidance related to licensing. The Company has made progress on its evaluation of the amended guidance, including identification of revenue streams and customer contract reviews. The Company has begun the process of applying the five-step model to those contracts and revenue streams to evaluate the quantitative and qualitative impacts the new standard will have on its business and reported revenues. The provisions are effective for the Company in the first quarter of fiscal 2019 and permit adoption under either the full retrospective approach (recognize effects of the amended guidance in each prior reporting period presented) or the modified retrospective approach (recognize the cumulative effect of adoption as an adjustment to retained earnings at the date of initial application). The Company is still evaluating its method of adoption. Inventory In July 2015, the FASB issued an accounting standard update that requires inventory to be measured “at the lower of cost and net realizable value,” thereby simplifying the current guidance that requires inventory to be measured at the lower of cost or market (market in this context is defined as one of three different measures, one of which is net realizable value). The provisions are effective prospectively for the Company’s financial statements for the fiscal year beginning October 1, 2017, and are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. Income Taxes In November 2015, the FASB issued an accounting standard update to simplify the presentation of deferred income taxes by requiring that deferred income tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The provisions are effective for the Company’s financial statements no later than the fiscal year beginning October 1, 2017. The standard allows for either a retrospective or prospective transition method and is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. At July 1, 2017, July 2, 2016 and September 30, 2016, net current deferred tax assets classified within prepaid and other current assets were $60.5 million, $70.4 million and $62.1 million, respectively. Leases In February 2016, the FASB issued an accounting standard update which significantly changes the accounting for leases. This guidance requires lessees to recognize a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term. The provisions are effective for the Company’s financial statements no later than the fiscal year beginning October 1, 2019 and require a modified retrospective transition approach for leases that exist or are entered into after the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the impact of this standard on its consolidated results of operations, financial position and cash flows. Share-Based Compensation In March 2016, the FASB issued an accounting standard update that simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The provisions are effective, using a combination of retrospective, modified retrospective and prospective transition methods, for the Company’s financial statements no later than the fiscal year beginning October 1, 2017. The Company is currently evaluating the impact of this standard on its consolidated results of operations, financial position and cash flows. Cash Flow Presentation In August 2016, the FASB issued an accounting standard update that amends the guidance on the classification of certain cash receipts and payments in the statement of cash flows. The provisions are effective retrospectively for the Company’s financial statements no later than the fiscal year beginning October 1, 2018, and are not expected to have a significant impact on the Company’s consolidated cash flows. Business Combinations In January 2017, the FASB issued an accounting standard update that clarifies the definition of a business to provide additional guidance to assist in evaluating whether transactions should be accounted for as an acquisition (or disposal) of either an asset or business. The provisions are effective prospectively for the Company’s financial statements no later than the fiscal year beginning October 1, 2018, and are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. Goodwill In January 2017, the FASB issued an accounting standard update which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of the goodwill. The provisions are effective prospectively for the Company’s financial statements no later than the fiscal year beginning October 1, 2020, and are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. Employee Benefit Plans In March 2017, the FASB issued an accounting standard update which requires entities to (1) disaggregate the current-service-cost component from the other components of net benefit cost (the “other components”) and present it with other current compensation costs for related employees in the income statement, (2) present the other components elsewhere in the income statement and outside of income from operations if that subtotal is presented and (3) limit the amount of costs eligible for capitalization (e.g., as part of inventory or property, plant, and equipment) to only the service-cost component of net benefit cost. The provisions are effective for the Company’s financial statements no later than the fiscal year beginning October 1, 2018, and are required to be applied retrospectively for the presentation of cost components in the income statement and prospectively for the capitalization of cost components. The provisions are not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows.

- Definition

Disclosure of accounting policy for those finance, loan and lease receivables classified as held for investment. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the allowance for loan and lease losses is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of commitment and other fees and loan origination costs (including, if applicable, how the entity accounts for fees and costs associated with credit cards that are either purchased or originated) (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status (for impaired loans, the policy for recognizing interest income on such loans, including how cash receipts are recorded) and (7) the treatment of foreclosures or repossessions.

+ References + Details

DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Jul. 01, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The following table summarizes the results of the SLS Business within discontinued operations for each of the periods presented:



	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Net sales	$	—		$	9.2		$	—		$	101.2
Operating costs	—			10.3			—			117.4
Impairment, restructuring and other	0.1			—			0.8			13.6
Other income, net	—			—			—			(1.5		)
Gain on contribution of SLS Business	—			(142.6		)	—			(142.6		)
Adjustment to gain on contribution of SLS Business	—			—			0.3			—
Income (loss) from discontinued operations before income taxes	(0.1		)	141.5			(1.1		)	114.3
Income tax expense (benefit) from discontinued operations	(0.1		)	55.8			(0.5		)	46.1
Income (loss) from discontinued operations, net of tax	$	—		$	85.7		$	(0.6	)	$	68.2

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)

9 Months Ended

Jul. 01, 2017

Equity Method Investments and Joint Ventures [Abstract]

Summary of Joint Venture Financial Information

The following table presents summarized financial information for the TruGreen Joint Venture for each of the periods presented:



	THREE MONTHS ENDED					NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(in millions)
Revenue	$	471.6	$	401.3		$	878.5		$	401.3
Gross margin	180.1		146.3			250.9			146.3
Selling and administrative expenses	115.9		86.7			208.8			86.7
Amortization expense	7.9		18.1			49.8			18.1
Interest expense	18.5		15.0			52.0			15.0
Restructuring and other charges	13.6		38.2			40.2			38.2
Net income (loss)	$	24.2	$	(11.7	)	$	(99.9	)	$	(11.7	)

IMPAIRMENT, RESTRUCTURING AND OTHER (Tables)

9 Months Ended

Jul. 01, 2017

Restructuring and Related Activities [Abstract]

Schedules of Impairment, Restructuring and Other Charges, and Activity Related to Liabilities

The following table details impairment, restructuring and other charges (recoveries) for each of the periods presented:



	THREE MONTHS ENDED					NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016			JULY 1, 2017		JULY 2, 2016
	(In millions)
Cost of sales—impairment, restructuring and other:
Restructuring and other charges	$	—	$	0.4		$	—	$	5.5
Operating expenses:
Restructuring and other charges (recoveries)	4.1		(5.8		)	8.8		(51.7		)
Impairment, restructuring and other charges (recoveries) from continuing operations	$	4.1	$	(5.4	)	$	8.8	$	(46.2	)
Restructuring and other charges from discontinued operations	0.1		—			0.8		13.6
Total impairment, restructuring and other charges (recoveries)	$	4.2	$	(5.4	)	$	9.6	$	(32.6	)



Amounts accrued for restructuring and other at September 30, 2016	$	20.8
Restructuring and other charges from continuing operations	8.8
Restructuring and other charges from discontinued operations	0.8
Payments and other	(25.2		)
Amounts accrued for restructuring and other at July 1, 2017	$	5.2

INVENTORIES (Tables)

9 Months Ended

Jul. 01, 2017

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories consisted of the following for each of the periods presented:



	JULY 1, 2017		JULY 2, 2016		SEPTEMBER 30, 2016
	(In millions)
Finished goods	$	271.5	$	299.9	$	248.7
Work-in-process	51.2		46.6		56.9
Raw materials	143.9		123.4		142.6
Total inventories	$	466.6	$	469.9	$	448.2

MARKETING AGREEMENT (Tables)

9 Months Ended

Jul. 01, 2017

Marketing Agreement [Abstract]

Schedule of Net Commission and Reimbursements Earned Under Marketing Agreement

The elements of the net commission and reimbursements earned under the Marketing Agreement and included in “Net sales” are as follows:



	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Gross commission	$	38.5		$	37.4		$	86.7		$	92.3
Contribution expenses	(5.0		)	(5.0		)	(15.0		)	(15.0		)
Amortization of marketing fee	(0.2		)	(0.2		)	(0.6		)	(0.6		)
Net commission	33.3			32.2			71.1			76.7
Reimbursements associated with Marketing Agreement	18.1			18.4			56.3			55.2
Total net sales associated with Marketing Agreement	$	51.4		$	50.6		$	127.4		$	131.9

DEBT (Tables)

9 Months Ended

Jul. 01, 2017

Debt Disclosure [Abstract]

Components of Long-Term Debt

The components of long-term debt are as follows:



	JULY 1, 2017		JULY 2, 2016		SEPTEMBER 30, 2016
	(In millions)
Credit Facilities:
Revolving loans	$	473.7	$	404.9	$	417.4
Term loans	277.5		292.5		288.8
Senior Notes – 5.250%	250.0		—		—
Senior Notes – 6.000%	400.0		400.0		400.0
Receivables facility	250.0		348.0		138.6
Other	66.5		67.4		71.3
Total debt	1,717.7		1,512.8		1,316.1
Less current portions	289.1		382.5		185.0
Less unamortized debt issuance costs	8.9		6.2		6.0
Long-term debt	$	1,419.7	$	1,124.1	$	1,125.1

Schedule of Interest Rate Swap Agreements

The notional amount, effective date, expiration date and rate of each of these swap agreements outstanding at July 1, 2017 are shown in the table below:



Notional Amount (in millions)			Effective Date (a)	Expiration Date	Fixed Rate
$	50	^(d)	12/6/2012	9/6/2017	2.96	%
200			2/7/2014	11/7/2017	1.28	%
300		^(e)	11/21/2016	6/20/2018	0.83	%
200		^(e)	11/7/2016	8/7/2018	0.84	%
150		^(b)	2/7/2017	5/7/2019	2.12	%
50		^(b)	2/7/2017	5/7/2019	2.25	%
200		^(c)	12/20/2016	6/20/2019	2.12	%


(a)	The effective date refers to the date on which interest payments were first hedged by the applicable swap agreement.


(b)	Interest payments made during the three-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(c)	Interest payments made during the six-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(d)	Interest payments made during the nine-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(e)	Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.

The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:



COMMODITY	JULY 1, 2017	JULY 2, 2016	SEPTEMBER 30, 2016
Urea	78,000 tons	34,500 tons	40,500 tons
Diesel	5,082,000 gallons	5,670,000 gallons	6,384,000 gallons
Heating Oil	1,302,000 gallons	1,386,000 gallons	1,722,000 gallons

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Topic 815
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

RETIREMENT AND RETIREE MEDICAL PLANS (Tables)

9 Months Ended

Jul. 01, 2017

Defined Benefit Plan [Abstract]

Summary of the Components of Net Periodic Benefit (Income) Cost

The following summarizes the components of net periodic benefit (income) cost for the retirement and retiree medical plans sponsored by the Company:



	THREE MONTHS ENDED
	JULY 1, 2017									JULY 2, 2016
	U.S. Pension			International Pension			U.S. Medical			U.S. Pension			International Pension			U.S. Medical
	(In millions)
Service cost	$	—		$	0.3		$	—		$	—		$	0.3		$	0.1
Interest cost	0.7			1.0			0.2			1.1			1.7			0.3
Expected return on plan assets	(1.2		)	(2.0		)	—			(1.2		)	(2.0		)	—
Net amortization	0.4			0.5			(0.1		)	0.4			0.4			(0.3		)
Net periodic benefit (income) cost	$	(0.1	)	$	(0.2	)	$	0.1		$	0.3		$	0.4		$	0.1



	NINE MONTHS ENDED
	JULY 1, 2017									JULY 2, 2016
	U.S. Pension			International Pension			U.S. Medical			U.S. Pension			International Pension			U.S. Medical
	(In millions)
Service cost	$	—		$	0.9		$	0.2		$	—		$	0.9		$	0.3
Interest cost	2.1			2.9			0.5			3.3			5.1			0.8
Expected return on plan assets	(3.6		)	(6.0		)	—			(3.7		)	(6.0		)	—
Net amortization	1.2			1.6			(0.5		)	1.3			1.2			(0.8		)
Net periodic benefit (income) cost	$	(0.3	)	$	(0.6	)	$	0.2		$	0.9		$	1.2		$	0.3

EQUITY (Tables)

9 Months Ended

Jul. 01, 2017

Equity [Abstract]

Summary of Changes in Equity



	Common Shares and Capital in Excess of Stated Value			Retained Earnings			Treasury Shares			Accumulated Other Comprehensive Loss			Total Equity - Controlling Interest			Non-controlling Interest			Total Equity
Balance at September 30, 2015	$	400.4		$	684.2		$	(357.1	)	$	(106.8	)	$	620.7		$	12.4		$	633.1
Net income (loss)	—			341.9			—			—			341.9			(0.2		)	341.7
Other comprehensive income (loss)	—			—			—			(10.7		)	(10.7		)	—			(10.7		)
Share-based compensation	13.9			—			—			—			13.9			—			13.9
Dividends declared ($1.410 per share)	—			(87.5		)	—			—			(87.5		)	—			(87.5		)
Treasury share purchases	—			—			(81.2		)	—			(81.2		)	—			(81.2		)
Treasury share issuances	(13.2		)	—			29.0			—			15.8			—			15.8
Investment in noncontrolling interest	—			—			—			—			—			7.1			7.1
Balance at July 2, 2016	$	401.1		$	938.6		$	(409.3	)	$	(117.5	)	$	812.9		$	19.3		$	832.2

Balance at September 30, 2016	$	401.7		$	881.8		$	(451.4	)	$	(116.9	)	$	715.2		$	19.1		$	734.3
Net income (loss)	—			251.8			—			—			251.8			0.5			252.3
Other comprehensive income (loss)	—			—			—			8.6			8.6			0.1			8.7
Share-based compensation	25.2			—			—			—			25.2			—			25.2
Dividends declared ($1.500 per share)	—			(90.5		)	—			—			(90.5		)	—			(90.5		)
Treasury share purchases	—			—			(175.1		)	—			(175.1		)	—			(175.1		)
Treasury share issuances	(20.2		)	—			16.4			—			(3.8		)	—			(3.8		)
Adjustment to noncontrolling interest due to ownership change	(1.0		)	—			—			—			(1.0		)	1.0			—
Distribution declared by AeroGrow	—			—			—			—			—			(8.1		)	(8.1		)
Balance at July 1, 2017	$	405.7		$	1,043.1		$	(610.1	)	$	(108.3	)	$	730.4		$	12.6		$	743.0

Schedule of Share-Based Awards Granted

The following is a summary of the share-based awards granted during each of the periods indicated:



	NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016
Employees
Stock options	—		444,890
Restricted stock units	109,661		74,422
Performance units	487,809		56,315
Board of Directors
Deferred stock units	23,853		28,103
Total share-based awards	621,323		603,730

Aggregate fair value at grant dates (in millions)	$	57.7	$	16.4

Schedule of Share-Based Compensation

Total share-based compensation was as follows for each of the periods indicated:



	THREE MONTHS ENDED				NINE MONTHS ENDED
	JULY 1, 2017		JULY 2, 2016		JULY 1, 2017		JULY 2, 2016
	(In millions)
Share-based compensation	$	5.4	$	2.4	$	20.5	$	13.7
Tax benefit recognized	2.1		0.9		7.8		5.2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Jul. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Outstanding Derivative Contracts

The notional amount, effective date, expiration date and rate of each of these swap agreements outstanding at July 1, 2017 are shown in the table below:



Notional Amount (in millions)			Effective Date (a)	Expiration Date	Fixed Rate
$	50	^(d)	12/6/2012	9/6/2017	2.96	%
200			2/7/2014	11/7/2017	1.28	%
300		^(e)	11/21/2016	6/20/2018	0.83	%
200		^(e)	11/7/2016	8/7/2018	0.84	%
150		^(b)	2/7/2017	5/7/2019	2.12	%
50		^(b)	2/7/2017	5/7/2019	2.25	%
200		^(c)	12/20/2016	6/20/2019	2.12	%


(a)	The effective date refers to the date on which interest payments were first hedged by the applicable swap agreement.


(b)	Interest payments made during the three-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(c)	Interest payments made during the six-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(d)	Interest payments made during the nine-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.


(e)	Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.

The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:



COMMODITY	JULY 1, 2017	JULY 2, 2016	SEPTEMBER 30, 2016
Urea	78,000 tons	34,500 tons	40,500 tons
Diesel	5,082,000 gallons	5,670,000 gallons	6,384,000 gallons
Heating Oil	1,302,000 gallons	1,386,000 gallons	1,722,000 gallons

Schedule of the Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments were as follows:



		ASSETS / (LIABILITIES)
DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS		JULY 1, 2017			JULY 2, 2016			SEPTEMBER 30, 2016
DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS	BALANCE SHEET LOCATION	FAIR VALUE
		(In millions)
Interest rate swap agreements	Prepaid and other current assets	$	1.2		$	—		$	—
	Other assets	0.2			—			—
	Other current liabilities	(1.1		)	(4.3		)	(3.3		)
	Other liabilities	(0.5		)	(4.4		)	(3.1		)
Commodity hedging instruments	Other current liabilities	(1.7		)	(0.8		)	(0.3		)
Total derivatives designated as hedging instruments		$	(1.9	)	$	(9.5	)	$	(6.7	)

DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS	BALANCE SHEET LOCATION
Currency forward contracts	Prepaid and other current assets	$	0.4		$	1.2		$	1.2
	Other current liabilities	(2.5		)	(0.8		)	(0.8		)
Commodity hedging instruments	Prepaid and other current assets	—			0.2			—
	Other current liabilities	(0.6		)	(0.1		)	(0.1		)
Total derivatives not designated as hedging instruments		(2.7		)	0.5			0.3
Total derivatives		$	(4.6	)	$	(9.0	)	$	(6.4	)

Schedule of the Effect of Derivative Instruments on AOCI and Statements of Operations

The effect of derivative instruments on AOCI and the Condensed Consolidated Statements of Operations was as follows:



DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS	AMOUNT OF GAIN / (LOSS) RECOGNIZED IN AOCI
	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Interest rate swap agreements	$	(0.3	)	$	(1.0	)	$	2.2		$	(1.9	)
Commodity hedging instruments	(0.9		)	(0.2		)	(0.4		)	(0.9		)
Total	$	(1.2	)	$	(1.2	)	$	1.8		$	(2.8	)



DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS	RECLASSIFIED FROM AOCI INTO STATEMENT OF OPERATIONS	AMOUNT OF GAIN / (LOSS)
		THREE MONTHS ENDED						NINE MONTHS ENDED
		JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
		(In millions)
Interest rate swap agreements	Interest expense	$	(0.5	)	$	(1.5	)	$	(1.7	)	$	(4.7	)
Commodity hedging instruments	Cost of sales	0.1			(0.2		)	(0.2		)	(0.6		)
Total		$	(0.4	)	$	(1.7	)	$	(1.9	)	$	(5.3	)



DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS	RECOGNIZED IN STATEMENT OF OPERATIONS	AMOUNT OF GAIN / (LOSS)
		THREE MONTHS ENDED					NINE MONTHS ENDED
		JULY 1, 2017			JULY 2, 2016		JULY 1, 2017			JULY 2, 2016
		(In millions)
Currency forward contracts	Other income, net	$	(1.7	)	$	0.7	$	5.3		$	(0.4	)
Commodity hedging instruments	Cost of sales	(0.6		)	1.8		(0.6		)	(2.5		)
Total		$	(2.3	)	$	2.5	$	4.7		$	(2.9	)

- Definition

+ References

+ Details

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 01, 2017

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis at July 1, 2017:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)			Total
	(In millions)
Assets
Cash equivalents	$	22.1	$	—		$	—		$	22.1
Derivatives
Interest rate swap agreements	—		1.4			—			1.4
Currency forward contracts	—		0.4			—			0.4
Other	15.2		—			11.8			27.0
Total	$	37.3	$	1.8		$	11.8		$	50.9
Liabilities
Derivatives
Interest rate swap agreements	$	—	$	(1.6	)	$	—		$	(1.6	)
Currency forward contracts	—		(2.5		)	—			(2.5		)
Commodity hedging instruments	—		(2.3		)	—			(2.3		)
Long-term debt	—		—			(40.5		)	(40.5		)
Total	$	—	$	(6.4	)	$	(40.5	)	$	(46.9	)

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis at July 2, 2016:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)			Total
	(In millions)
Assets
Cash equivalents	$	14.6	$	—		$	—		$	14.6
Derivatives
Currency forward contracts	—		1.2			—			1.2
Commodity hedging instruments	—		0.2			—			0.2
Other	11.1		—			—			11.1
Total	$	25.7	$	1.4		$	—		$	27.1
Liabilities
Derivatives
Interest rate swap agreements	$	—	$	(8.7	)	$	—		$	(8.7	)
Currency forward contracts	—		(0.8		)	—			(0.8		)
Commodity hedging instruments	—		(0.9		)	—			(0.9		)
Long-term debt	—		—			(37.7		)	(37.7		)
Total	$	—	$	(10.4	)	$	(37.7	)	$	(48.1	)

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis at September 30, 2016:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)			Total
	(In millions)
Assets
Cash equivalents	$	11.5	$	—		$	—		$	11.5
Derivatives
Currency forward contracts	—		1.2			—			1.2
Other	11.8		—			10.9			22.7
Total	$	23.3	$	1.2		$	10.9		$	35.4
Liabilities
Derivatives
Interest rate swap agreements	$	—	$	(6.4	)	$	—		$	(6.4	)
Currency forward contracts	—		(0.8		)	—			(0.8		)
Commodity hedging instruments	—		(0.4		)	—			(0.4		)
Long-term debt	—		—			(38.3		)	(38.3		)
Total	$	—	$	(7.6	)	$	(38.3	)	$	(45.9	)

SEGMENT INFORMATION (Tables)

9 Months Ended

Jul. 01, 2017

Segment Reporting [Abstract]

Summary of Segment Financial Information

The following tables present summarized financial information concerning the Company’s reportable segments for the periods indicated:



	THREE MONTHS ENDED						NINE MONTHS ENDED
	JULY 1, 2017			JULY 2, 2016			JULY 1, 2017			JULY 2, 2016
	(In millions)
Net sales:
U.S. Consumer	$	792.2		$	756.7		$	1,880.1		$	1,909.6
Europe Consumer	93.2			96.2			222.9			236.9
Other	192.6			141.2			425.2			287.3
Consolidated	$	1,078.0		$	994.1		$	2,528.2		$	2,433.8

Segment Profit (Loss):
U.S. Consumer	$	246.6		$	205.8		$	522.5		$	487.6
Europe Consumer	13.3			11.8			23.2			24.2
Other	23.8			11.9			44.5			17.0
Total Segment Profit	283.7			229.5			590.2			528.8
Corporate	(28.1		)	(13.8		)	(87.0		)	(73.9		)
Intangible asset amortization	(5.9		)	(4.4		)	(17.8		)	(12.6		)
Impairment, restructuring and other	(4.1		)	(11.4		)	(8.8		)	29.1
Equity in income (loss) of unconsolidated affiliates ^(a)	7.2			13.5			(30.1		)	13.5
Costs related to refinancing	—			—			—			(8.8		)
Interest expense	(21.8		)	(16.9		)	(58.9		)	(52.3		)
Income from continuing operations before income taxes	$	231.0		$	196.5		$	387.6		$	423.8

(a)



	JULY 1, 2017		JULY 2, 2016		SEPTEMBER 30, 2016
	(In millions)
Total assets:
U.S. Consumer	$	2,068.2	$	2,121.1	$	1,770.7
Europe Consumer	248.1		264.6		192.1
Other	789.5		570.9		568.1
Corporate	241.7		296.9		271.9
Consolidated	$	3,347.5	$	3,253.5	$	2,802.8

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS (Tables)

9 Months Ended

Jul. 01, 2017

Condensed Financial Information of Parent Subsidiary Guarantors and Subsidiary Non Guarantors [Abstract]

Condensed Consolidating Statement of Operations

for the three months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	845.3		$	232.7		$	—		$	1,078.0
Cost of sales	—			492.0			170.8			—			662.8
Gross profit	—			353.3			61.9			—			415.2
Operating expenses:
Selling, general and administrative	—			128.8			42.9			0.3			172.0
Impairment, restructuring and other	—			4.2			(0.1		)	—			4.1
Other (income) loss, net	(0.2		)	(4.0		)	(2.3		)	—			(6.5		)
Income (loss) from operations	0.2			224.3			21.4			(0.3		)	245.6
Equity (income) loss in subsidiaries	(160.6		)	(8.2		)	—			168.8			—
Other non-operating (income) loss	(6.6		)	—			(3.7		)	10.3			—
Equity in (income) loss of unconsolidated affiliates	—			(7.2		)	—			—			(7.2		)
Interest expense	19.6			11.1			1.4			(10.3		)	21.8
Income (loss) from continuing operations before income taxes	147.8			228.6			23.7			(169.1		)	231.0
Income tax (benefit) expense from continuing operations	(4.4		)	75.4			8.1			—			79.1
Income (loss) from continuing operations	152.2			153.2			15.6			(169.1		)	151.9
Income (loss) from discontinued operations, net of tax	—			—			—			—			—
Net income (loss)	$	152.2		$	153.2		$	15.6		$	(169.1	)	$	151.9
Net (income) loss attributable to noncontrolling interest	—			—			—			—			—
Net income (loss) attributable to controlling interest	$	152.2		$	153.2		$	15.6		$	(169.1	)	$	151.9

Condensed Consolidating Statement of Operations

for the nine months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	2,010.8		$	517.4		$	—		$	2,528.2
Cost of sales	—			1,191.1			375.4			—			1,566.5
Gross profit	—			819.7			142.0			—			961.7
Operating expenses:
Selling, general and administrative	—			375.3			112.5			1.0			488.8
Impairment, restructuring and other	—			9.4			(0.6		)	—			8.8
Other (income) loss, net	(0.6		)	(10.4		)	(1.5		)	—			(12.5		)
Income (loss) from operations	0.6			445.4			31.6			(1.0		)	476.6
Equity (income) loss in subsidiaries	(276.1		)	(14.0		)	—			290.1			—
Other non-operating (income) loss	(18.4		)	—			(13.6		)	32.0			—
Equity in (income) loss of unconsolidated affiliates	—			30.0			0.1			—			30.1
Interest expense	54.9			32.3			3.7			(32.0		)	58.9
Income (loss) from continuing operations before income taxes	240.2			397.1			41.4			(291.1		)	387.6
Income tax (benefit) expense from continuing operations	(12.5		)	132.7			14.5			—			134.7
Income (loss) from continuing operations	252.7			264.4			26.9			(291.1		)	252.9
Income (loss) from discontinued operations, net of tax	—			(0.6		)	—			—			(0.6		)
Net income (loss)	$	252.7		$	263.8		$	26.9		$	(291.1	)	$	252.3
Net (income) loss attributable to noncontrolling interest	—			—			—			(0.5		)	(0.5		)
Net income (loss) attributable to controlling interest	$	252.7		$	263.8		$	26.9		$	(291.6	)	$	251.8

Condensed Consolidating Statement of Operations

for the three months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	786.2		$	207.9		$	—		$	994.1
Cost of sales	—			485.8			150.5			—			636.3
Cost of sales—impairment, restructuring and other	—			0.4			—			—			0.4
Gross profit	—			300.0			57.4			—			357.4
Operating expenses:
Selling, general and administrative	—			108.5			43.0			0.4			151.9
Impairment, restructuring and other	—			(5.8		)	—			—			(5.8		)
Other (income) loss, net	(0.2		)	(5.8		)	0.4			—			(5.6		)
Income (loss) from operations	0.2			203.1			14.0			(0.4		)	216.9
Equity (income) loss in subsidiaries	(219.6		)	(5.9		)	—			225.5			—
Other non-operating (income) loss	(6.1		)	—			(5.7		)	11.8			—
Equity in (income) loss of unconsolidated affiliates	—			3.5			—			—			3.5
Interest expense	15.7			11.8			1.2			(11.8		)	16.9
Income (loss) from continuing operations before income taxes	210.2			193.7			18.5			(225.9		)	196.5
Income tax (benefit) expense from continuing operations	(3.2		)	66.2			6.5			—			69.5
Income (loss) from continuing operations	213.4			127.5			12.0			(225.9		)	127.0
Income (loss) from discontinued operations, net of tax	—			85.7			—			—			85.7
Net income (loss)	$	213.4		$	213.2		$	12.0		$	(225.9	)	$	212.7
Net (income) loss attributable to noncontrolling interest	—			—			—			0.4			0.4
Net income (loss) attributable to controlling interest	$	213.4		$	213.2		$	12.0		$	(225.5	)	$	213.1

Condensed Consolidating Statement of Operations

for the nine months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net sales	$	—		$	1,985.5		$	448.3		$	—		$	2,433.8
Cost of sales	—			1,215.7			316.9			—			1,532.6
Cost of sales—impairment, restructuring and other	—			5.5			—			—			5.5
Gross profit	—			764.3			131.4			—			895.7
Operating expenses:
Selling, general and administrative	—			355.9			109.1			1.1			466.1
Impairment, restructuring and other	—			(52.1		)	0.4			—			(51.7		)
Other (income) loss, net	(0.2		)	(7.0		)	0.1			—			(7.1		)
Income (loss) from operations	0.2			467.5			21.8			(1.1		)	488.4
Equity (income) loss in subsidiaries	(368.4		)	(11.4		)	—			379.8			—
Other non-operating (income) loss	(19.4		)	—			(17.8		)	37.2			—
Equity in (income) loss of unconsolidated affiliates	—			3.5			—			—			3.5
Costs related to refinancing	8.8			—			—			—			8.8
Interest expense	49.9			36.4			3.2			(37.2		)	52.3
Income (loss) from continuing operations before income taxes	329.3			439.0			36.4			(380.9		)	423.8
Income tax (benefit) expense from continuing operations	(13.9		)	151.2			13.0			—			150.3
Income (loss) from continuing operations	343.2			287.8			23.4			(380.9		)	273.5
Income (loss) from discontinued operations, net of tax	—			68.2			—			—			68.2
Net income (loss)	$	343.2		$	356.0		$	23.4		$	(380.9	)	$	341.7
Net (income) loss attributable to noncontrolling interest	—			—			—			0.2			0.2
Net income (loss) attributable to controlling interest	$	343.2		$	356.0		$	23.4		$	(380.7	)	$	341.9

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the three months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors		Eliminations/ Consolidations			Consolidated
Net income (loss)	$	152.2		$	153.2		$	15.6	$	(169.1	)	$	151.9
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	5.8			—			5.8		(5.8		)	5.8
Net change in derivatives	(0.8		)	(1.0		)	—		1.0			(0.8		)
Net change in pension and other post-retirement benefits	0.5			0.2			0.3		(0.5		)	0.5
Total other comprehensive income (loss)	5.5			(0.8		)	6.1		(5.3		)	5.5
Comprehensive income (loss)	$	157.7		$	152.4		$	21.7	$	(174.4	)	$	157.4
Comprehensive (income) loss attributable to noncontrolling interest	—			—			—		(0.1		)	(0.1		)
Comprehensive income attributable to controlling interest	$	157.7		$	152.4		$	21.7	$	(174.5	)	$	157.3

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the nine months ended July 1, 2017

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors			Non- Guarantors		Eliminations/ Consolidations			Consolidated
Net income (loss)	$	252.7	$	263.8		$	26.9	$	(291.1	)	$	252.3
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	3.6		—			3.6		(3.6		)	3.6
Net change in derivatives	3.7		(0.2		)	—		0.2			3.7
Net change in pension and other post-retirement benefits	1.4		0.4			1.0		(1.4		)	1.4
Total other comprehensive income (loss)	8.7		0.2			4.6		(4.8		)	8.7
Comprehensive income (loss)	$	261.4	$	264.0		$	31.5	$	(295.9	)	$	261.0
Comprehensive (income) loss attributable to noncontrolling interest	—		—			—		(0.6		)	(0.6		)
Comprehensive income attributable to controlling interest	$	261.4	$	264.0		$	31.5	$	(296.5	)	$	260.4

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the three months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors		Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net income (loss)	$	213.4		$	213.2	$	12.0		$	(225.9	)	$	212.7
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	(12.3		)	—		(12.3		)	12.3			(12.3		)
Net change in derivatives	0.5			0.1		—			(0.1		)	0.5
Net change in pension and other post-retirement benefits	0.9			0.4		0.5			(0.9		)	0.9
Total other comprehensive income (loss)	(10.9		)	0.5		(11.8		)	11.3			(10.9		)
Comprehensive income (loss)	$	202.5		$	213.7	$	0.2		$	(214.6	)	$	201.8

Condensed Consolidating Statement of Comprehensive Income (Loss)

for the nine months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
Net income (loss)	$	343.2		$	356.0		$	23.4		$	(380.9	)	$	341.7
Other comprehensive income (loss), net of tax:
Net foreign currency translation adjustment	(14.8		)	—			(14.8		)	14.8			(14.8		)
Net change in derivatives	2.5			(0.2		)	—			0.2			2.5
Net change in pension and other post-retirement benefits	1.6			0.8			0.8			(1.6		)	1.6
Total other comprehensive income (loss)	(10.7		)	0.6			(14.0		)	13.4			(10.7		)
Comprehensive income (loss)	$	332.5		$	356.6		$	9.4		$	(367.5	)	$	331.0

Condensed Consolidating Statement of Cash Flows

for the nine months ended July 1, 2017

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES ^(a)	$	(37.4	)	$	216.1		$	(95.8	)	$	(0.5	)	$	82.4

INVESTING ACTIVITIES ^(a)
Proceeds from sale of long-lived assets	—			4.9			0.1			—			5.0
Investments in property, plant and equipment	—			(36.1		)	(5.9		)	—			(42.0		)
Net (investments in) distributions from unconsolidated affiliates	—			—			(0.2		)	—			(0.2		)
Investments in acquired businesses, net of cash acquired	—			(80.5		)	(8.7		)	—			(89.2		)
Return of investments from affiliates	511.1			32.4			—			(543.5		)	—
Investing cash flows from (to) affiliates	(464.5		)	(248.2		)	—			712.7			—
Net cash provided by (used in) investing activities	46.6			(327.5		)	(14.7		)	169.2			(126.4		)

FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	—			1,152.3			210.5			—			1,362.8
Repayments under revolving and bank lines of credit and term loans	—			(973.6		)	(231.7		)	—			(1,205.3		)
Proceeds from issuance of 5.250% Senior Notes	250.0			—			—			—			250.0
Financing and issuance fees	(3.8		)	(0.5		)	—			—			(4.3		)
Dividends paid	(89.4		)	(511.1		)	(0.5		)	511.6			(89.4		)
Distribution paid by AeroGrow	—			—			(40.5		)	32.4			(8.1		)
Purchase of Common Shares	(173.8		)	—			—			—			(173.8		)
Payments on seller notes	—			(15.5		)	(13.2		)	—			(28.7		)
Excess tax benefits from share-based payment arrangements	4.5			—			—			—			4.5
Cash received from the exercise of stock options	3.3			—			—			—			3.3
Financing cash flows from (to) affiliates	—			464.5			248.2			(712.7		)	—
Net cash provided by (used in) financing activities	(9.2		)	116.1			172.8			(168.7		)	111.0
Effect of exchange rate changes on cash	—			—			2.0			—			2.0
Net increase (decrease) in cash and cash equivalents	—			4.7			64.3			—			69.0
Cash and cash equivalents at beginning of period	—			2.7			47.4			—			50.1
Cash and cash equivalents at end of period	$	—		$	7.4		$	111.7		$	—		$	119.1

(a)

Condensed Consolidating Statement of Cash Flows

for the nine months ended July 2, 2016

(In millions)

(Unaudited)



	Parent			Subsidiary Guarantors			Non- Guarantors			Eliminations/ Consolidations			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(33.4	)	$	18.6		$	(43.2	)	$	29.1		$	(28.9	)

INVESTING ACTIVITIES ^(a)
Proceeds from sale of long-lived assets	—			2.4			—			—			2.4
Investments in property, plant and equipment	—			(29.4		)	(6.3		)	—			(35.7		)
Investments in loans receivable	—			(90.0		)	—			—			(90.0		)
Net (investments in) distributions from unconsolidated affiliates	—			194.1			—			—			194.1
Cash contributed to TruGreen Joint Venture	—			(24.2		)	—			—			(24.2		)
Investments in acquired businesses, net of cash acquired	—			—			(161.4		)	—			(161.4		)
Return of investments from affiliates	758.4			—			—			(758.4		)	—
Investing cash flows from (to) affiliates	(760.4		)	(29.1		)	—			789.5			—
Net cash provided by (used in) investing activities	(2.0		)	23.8			(167.7		)	31.1			(114.8		)

FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	—			1,669.3			213.3			—			1,882.6
Repayments under revolving and bank lines of credit and term loans	—			(1,652.6		)	(110.3		)	—			(1,762.9		)
Proceeds from issuance of 6.000% Senior Notes	400.0			—			—			—			400.0
Repayment of 6.625% Senior Notes	(200.0		)	—			—			—			(200.0		)
Financing and issuance fees	(11.2		)	—			—			—			(11.2		)
Dividends paid	(86.4		)	(747.4		)	(11.0		)	758.4			(86.4		)
Purchase of Common Shares	(81.2		)	—			—			—			(81.2		)
Payments on seller notes	—			(1.8		)	(0.5		)	—			(2.3		)
Excess tax benefits from share-based payment arrangements	4.3			—			—			—			4.3
Cash received from the exercise of stock options	9.9			—			—			—			9.9
Financing cash flows from (to) affiliates	—			689.0			129.6			(818.6		)	—
Net cash provided by (used in) financing activities	35.4			(43.5		)	221.1			(60.2		)	152.8
Effect of exchange rate changes on cash	—			—			(3.3		)	—			(3.3		)
Net increase (decrease) in cash and cash equivalents	—			(1.1		)	6.9			—			5.8
Cash and cash equivalents at beginning of period	—			8.2			63.2			—			71.4
Cash and cash equivalents at end of period	$	—		$	7.1		$	70.1		$	—		$	77.2


(a)	Cash received by the Parent from its subsidiaries in the form of dividends in the amount of $758.4 million represent return of investments and are included in cash flows from investing activities.

Condensed Consolidating Balance Sheet

As of July 1, 2017

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors		Non- Guarantors		Eliminations/ Consolidations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	7.4	$	111.7	$	—		$	119.1
Accounts receivable, net	—		283.7		190.6		—			474.3
Accounts receivable pledged	—		277.8		—		—			277.8
Inventories	—		331.9		134.7		—			466.6
Prepaid and other current assets	1.2		96.4		48.9		—			146.5
Total current assets	1.2		997.2		485.9		—			1,484.3
Investment in unconsolidated affiliates	—		65.0		0.7		—			65.7
Property, plant and equipment, net	—		382.4		78.4		—			460.8
Goodwill	—		294.0		103.1		11.6			408.7
Intangible assets, net	—		641.8		155.6		9.2			806.6
Other assets	9.1		109.8		2.6		(0.1		)	121.4
Equity investment in subsidiaries	1,112.1		—		—		(1,112.1		)	—
Intercompany assets	1,008.9		3.1		—		(1,012.0		)	—
Total assets	$	2,131.3	$	2,493.3	$	826.3	$	(2,103.4	)	$	3,347.5

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	15.0	$	265.8	$	23.3	$	(15.0	)	$	289.1
Accounts payable	—		134.8		89.2		—			224.0
Other current liabilities	8.1		214.4		104.9		—			327.4
Total current liabilities	23.1		615.0		217.4		(15.0		)	840.5
Long-term debt	1,377.3		642.8		135.8		(736.2		)	1,419.7
Other liabilities	0.5		265.8		73.2		4.8			344.3
Equity investment in subsidiaries	—		90.1		—		(90.1		)	—
Intercompany liabilities	—		—		244.4		(244.4		)	—
Total liabilities	1,400.9		1,613.7		670.8		(1,080.9		)	2,604.5
Total equity—controlling interest	730.4		879.6		155.5		(1,035.1		)	730.4
Noncontrolling interest	—		—		—		12.6			12.6
Total equity	730.4		879.6		155.5		(1,022.5		)	743.0
Total liabilities and equity	$	2,131.3	$	2,493.3	$	826.3	$	(2,103.4	)	$	3,347.5

Condensed Consolidating Balance Sheet

As of July 2, 2016

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors		Non- Guarantors		Eliminations/ Consolidations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	7.1	$	70.1	$	—		$	77.2
Accounts receivable, net	—		157.8		201.9		—			359.7
Accounts receivable pledged	—		435.1		—		—			435.1
Inventories	—		354.3		115.6		—			469.9
Prepaid and other current assets	0.2		96.2		42.8		—			139.2
Total current assets	0.2		1,050.5		430.4		—			1,481.1
Investment in unconsolidated affiliates	—		94.4		—		—			94.4
Property, plant and equipment, net	—		375.5		74.1		—			449.6
Goodwill	—		260.4		74.0		11.6			346.0
Intangible assets, net	—		599.2		140.8		10.6			750.6
Other assets	14.7		115.0		15.3		(13.2		)	131.8
Equity investment in subsidiaries	833.3		—		—		(833.3		)	—
Intercompany assets	1,071.5		—		—		(1,071.5		)	—
Total assets	$	1,919.7	$	2,495.0	$	734.6	$	(1,895.8	)	$	3,253.5

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	15.0	$	364.0	$	18.5	$	(15.0	)	$	382.5
Accounts payable	—		176.9		72.6		—			249.5
Other current liabilities	11.3		241.6		106.3		—			359.2
Total current liabilities	26.3		782.5		197.4		(15.0		)	991.2
Long-term debt	1,076.2		501.2		191.5		(644.8		)	1,124.1
Other liabilities	4.3		277.9		30.6		(6.8		)	306.0
Equity investment in subsidiaries	—		149.7		—		(149.7		)	—
Intercompany liabilities	—		197.1		204.9		(402.0		)	—
Total liabilities	1,106.8		1,908.4		624.4		(1,218.3		)	2,421.3
Total equity—controlling interest	812.9		586.6		110.2		(696.8		)	812.9
Noncontrolling interest	—		—		—		19.3			19.3
Total equity	812.9		586.6		110.2		(677.5		)	832.2
Total liabilities and equity	$	1,919.7	$	2,495.0	$	734.6	$	(1,895.8	)	$	3,253.5

Condensed Consolidating Balance Sheet

As of September 30, 2016

(In millions)

(Unaudited)



	Parent		Subsidiary Guarantors		Non- Guarantors		Eliminations/ Consolidations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	2.7	$	47.4	$	—		$	50.1
Accounts receivable, net	—		92.4		104.0		—			196.4
Accounts receivable pledged	—		174.7		—		—			174.7
Inventories	—		327.8		120.4		—			448.2
Prepaid and other current assets	0.1		82.8		39.4		—			122.3
Total current assets	0.1		680.4		311.2		—			991.7
Investment in unconsolidated affiliates	—		100.3		0.7		—			101.0
Property, plant and equipment, net	—		392.1		78.7		—			470.8
Goodwill	—		260.4		101.2		11.6			373.2
Intangible assets, net	—		596.4		144.3		10.2			750.9
Other assets	13.2		103.8		0.7		(2.5		)	115.2
Equity investment in subsidiaries	808.8		—		—		(808.8		)	—
Intercompany assets	1,013.0		—		—		(1,013.0		)	—
Total assets	$	1,835.1	$	2,133.4	$	636.8	$	(1,802.5	)	$	2,802.8

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	15.0	$	154.2	$	30.8	$	(15.0	)	$	185.0
Accounts payable	—		108.8		57.1		—			165.9
Other current liabilities	16.6		143.6		82.0		—			242.2
Total current liabilities	31.6		406.6		169.9		(15.0		)	593.1
Long-term debt	1,085.1		575.7		117.2		(652.9		)	1,125.1
Other liabilities	3.2		268.7		76.0		2.4			350.3
Equity investment in subsidiaries	—		161.0		—		(161.0		)	—
Intercompany liabilities	—		147.2		187.1		(334.3		)	—
Total liabilities	1,119.9		1,559.2		550.2		(1,160.8		)	2,068.5
Total equity—controlling interest	715.2		574.2		86.6		(660.8		)	715.2
Noncontrolling interest	—		—		—		19.1			19.1
Total equity	715.2		574.2		86.6		(641.7		)	734.3
Total liabilities and equity	$	1,835.1	$	2,133.4	$	636.8	$	(1,802.5	)	$	2,802.8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Sep. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Second and third quarter percentage of annual net sales			75.00%
Interest income	$ 3.0	$ 1.7	$ 7.8	$ 2.2
Capital expenditure unpaid liabilities incurred			2.9	1.9
Prepaid and other current assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income tax assets, net	$ 60.5	70.4	60.5	70.4	$ 62.1
Accounting Standards Update 2015-03 \| Long-term Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs		6.2		6.2	6.0
Accounting Standards Update 2015-03 \| Other Noncurrent Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs		$ (6.2)		$ (6.2)	$ (6.0)
Scotts Canada, Ltd. \| Fafard & Brothers Ltd.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Payment of contingent consideration			$ 6.7
TruGreen Joint Venture
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity ownership percentage	30.00%		30.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Dec. 15, 2015
Debt Instrument [Line Items]
Interest paid	$ (53.0)	$ (48.1)
Income taxes paid	(72.0)	(52.3)
Property and equipment acquired under capital leases	(0.9)	0.0
Senior Notes - 6.625%
Debt Instrument [Line Items]
Call premium on 6.625% Senior Notes	$ 0.0	$ (6.6)
Senior Notes \| Senior Notes - 6.625%
Debt Instrument [Line Items]
Interest rate of debt		6.625%	6.625%

DISCONTINUED OPERATIONS - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Scotts Lawnservice
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Adjustment to gain on contribution of SLS Business	$ 0	$ 0	$ 300,000	$ 0
Cash (used in) provided by operating activities			(9,300,000)	38,900,000
Cash used in investing activities			0	1,400,000
Scotts Lawnservice \| Project Focus
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture transaction related costs	$ 100,000	0	$ 800,000	4,600,000
Amount recognized in resolution of litigation		$ 0		$ 9,000,000
TruGreen Joint Venture
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity ownership percentage	30.00%		30.00%

DISCONTINUED OPERATIONS - Summary of Income from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment, restructuring and other	$ 4.1	$ (5.8)	$ 8.8	$ (51.7)
Income (loss) from discontinued operations, net of tax	0.0	85.7	(0.6)	68.2
Scotts Lawnservice
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	0.0	9.2	0.0	101.2
Operating costs	0.0	10.3	0.0	117.4
Impairment, restructuring and other	0.1	0.0	0.8	13.6
Other income, net	0.0	0.0	0.0	(1.5)
Gain on contribution of SLS Business	0.0	(142.6)	0.0	(142.6)
Adjustment to gain on contribution of SLS Business	0.0	0.0	0.3	0.0
Income (loss) from discontinued operations before income taxes	(0.1)	141.5	(1.1)	114.3
Income tax expense (benefit) from discontinued operations	(0.1)	55.8	(0.5)	46.1
Income (loss) from discontinued operations, net of tax	$ 0.0	$ 85.7	$ (0.6)	$ 68.2

ACQUISITIONS AND INVESTMENTS (Details) - USD ($)				3 Months Ended			9 Months Ended
ACQUISITIONS AND INVESTMENTS (Details) - USD ($)	May 26, 2017	Oct. 03, 2016	May 26, 2016	Jul. 01, 2017	Dec. 31, 2016	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Sep. 30, 2017	Sep. 30, 2016	Apr. 02, 2016
ACQUISITIONS
Goodwill acquired				$ 408,700,000		$ 346,000,000	$ 408,700,000	$ 346,000,000		$ 373,200,000
Equity investment in subsidiaries				0		0	0	0		0
Investment in unconsolidated affiliates				65,700,000		94,400,000	65,700,000	94,400,000		$ 101,000,000
Agrolux Holding B.V.
ACQUISITIONS
Aggregate purchase price	$ 21,800,000
Contingent consideration for acquired business	5,200,000
Cash, prepaid, and other current assets	8,000,000
Inventory and accounts receivable	10,000,000
Fixed assets acquired	500,000
Accounts payable and other current liabilities acquired	8,600,000
Short term debt acquired	6,700,000
Finite-lived intangible assets acquired	16,300,000
Goodwill acquired	$ 2,300,000
Net sales				3,500,000			3,500,000
Agrolux Holding B.V. \| Minimum
ACQUISITIONS
Finite-lived intangible asset, useful life	10 years
Agrolux Holding B.V. \| Maximum
ACQUISITIONS
Finite-lived intangible asset, useful life	20 years
American Agritech, L.L.C.
ACQUISITIONS
Aggregate purchase price		$ 92,600,000
Contingent consideration for acquired business		15,500,000
Cash, prepaid, and other current assets		1,200,000
Inventory and accounts receivable		8,400,000
Fixed assets acquired		1,400,000
Accounts payable and other current liabilities acquired		2,300,000
Finite-lived intangible assets acquired		53,000,000
Goodwill acquired		$ 30,900,000
Net sales				12,600,000			33,800,000
American Agritech, L.L.C. \| Minimum
ACQUISITIONS
Finite-lived intangible asset, useful life		5 years
American Agritech, L.L.C. \| Maximum
ACQUISITIONS
Finite-lived intangible asset, useful life		25 years
Acquisition of Emerging Area Support Companies
ACQUISITIONS
Aggregate purchase price					$ 3,200,000
Valuation of acquired assets, intangible assets and goodwill					2,800,000
Hydroponic Growth System Technology Company
ACQUISITIONS
Aggregate purchase price				3,500,000
Finite-lived intangible assets acquired				3,200,000			3,200,000
Gavita Holdings B.V.
ACQUISITIONS
Aggregate purchase price			$ 136,200,000
Contingent consideration for acquired business			2,500,000
Cash, prepaid, and other current assets			6,400,000
Inventory and accounts receivable			37,900,000
Fixed assets acquired			1,300,000
Accounts payable and other current liabilities acquired			18,700,000
Short term debt acquired			5,500,000
Finite-lived intangible assets acquired			102,600,000
Goodwill acquired			$ 83,300,000
Net sales				39,100,000		7,000,000	89,800,000	7,000,000
Economic interest acquired			75.00%
Economic interest retained by former owner			25.00%
Deferred tax liabilities			$ 25,700,000
Non-controlling interest ownership percentage of outstanding shares			5.00%
Loans payable, noncurrent			$ 37,700,000
Gavita Holdings B.V. \| Minimum
ACQUISITIONS
Finite-lived intangible asset, useful life			5 years
Gavita Holdings B.V. \| Maximum
ACQUISITIONS
Finite-lived intangible asset, useful life			25 years
Growing Media Acquisition, Canada
ACQUISITIONS
Aggregate purchase price						33,900,000
Contingent consideration for acquired business						10,800,000		10,800,000
Inventory and accounts receivable						4,700,000		4,700,000
Fixed assets acquired						18,500,000		18,500,000
Finite-lived intangible assets acquired						9,300,000		9,300,000
Net sales				3,200,000		3,200,000	$ 10,700,000	3,200,000
Deferred tax liabilities						1,200,000		1,200,000
Payment of contingent consideration					$ 6,500,000
Reduction of contingent consideration				$ 4,300,000
Investment in unconsolidated affiliates						$ 500,000		500,000
Growing Media Acquisition, Canada \| Minimum
ACQUISITIONS
Finite-lived intangible asset, useful life						5 years
Growing Media Acquisition, Canada \| Maximum
ACQUISITIONS
Finite-lived intangible asset, useful life						25 years
Bonnie Plants, Inc.
ACQUISITIONS
Loans receivable, net											$ 72,000,000
Interest rate of debt				6.95%			6.95%
Commission income recognized				$ 2,200,000		$ 3,100,000	$ 2,200,000	3,100,000
Cost reimbursements				600,000		$ 400,000	2,200,000	$ 600,000
Bonnie Plants, Inc. \| Unobservable Inputs (Level 3) \| Fair Value, Measurements, Recurring
ACQUISITIONS
Derivative instruments not designated as hedging instruments, asset, at fair value				$ 11,800,000			$ 11,800,000
Unconsolidated Subsidiary Whose Products Support The Professional U.S. Industrial, Turf And Ornamental Market \| U.S. Consumer \| Subsequent Event
ACQUISITIONS
Equity investment in subsidiaries									$ 29,400,000

INVESTMENT IN UNCONSOLIDATED AFFILIATES - Additional Information (Details) - USD ($)		3 Months Ended		9 Months Ended
	Apr. 13, 2016	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Sep. 30, 2016
Schedule of Equity Method Investments [Line Items]
Excess distribution from affiliates				$ 0	$ 0
Accounts receivable, net		$ 474,300,000	$ 359,700,000	474,300,000	359,700,000	$ 196,400,000
Equity in income (loss) of unconsolidated affiliates		$ 7,200,000	(3,500,000)	$ (30,100,000)	(3,500,000)
TruGreen Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity ownership percentage		30.00%		30.00%
Estimated market value	$ 294,000,000
Excess distribution from affiliates	196,200,000
Second lien term loan investment	$ 18,000,000
Reimbursements		$ 1,300,000	5,500,000	$ 35,000,000	5,500,000
Accounts receivable, net		8,300,000	30,000,000	8,300,000	30,000,000
Indemnification asset		6,600,000	9,800,000	6,600,000	9,800,000
Distributions received from unconsolidated affiliates		1,400,000.0		3,600,000.0
Restructuring and other charges		5,000,000	17,000,000	16,700,000	17,000,000
Restructuring transaction costs		1,100,000	10,800,000	1,100,000	10,800,000
Nonrecurring integration and separation costs		3,000,000	600,000	10,900,000.0	600,000
Fair value write-down adjustment of deferred revenue and advertising		$ 900,000	$ 5,600,000	$ 4,700,000	$ 5,600,000

INVESTMENT IN UNCONSOLIDATED AFFILIATES - Joint Venture Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Condensed Financial Statements, Captions [Line Items]
Revenue	$ 1,078.0	$ 994.1	$ 2,528.2	$ 2,433.8
Gross margin	415.2	357.4	961.7	895.7
Selling and administrative expenses	172.0	151.9	488.8	466.1
Amortization expense			18.4	14.1
Interest expense	21.8	16.9	58.9	52.3
Net income (loss) attributable to controlling interest	151.9	213.1	251.8	341.9
TruGreen Joint Venture
Condensed Financial Statements, Captions [Line Items]
Revenue	471.6	401.3	878.5	401.3
Gross margin	180.1	146.3	250.9	146.3
Selling and administrative expenses	115.9	86.7	208.8	86.7
Amortization expense	7.9	18.1	49.8	18.1
Interest expense	18.5	15.0	52.0	15.0
Restructuring and other charges	13.6	38.2	40.2	38.2
Net income (loss) attributable to controlling interest	$ 24.2	$ (11.7)	$ (99.9)	$ (11.7)

IMPAIRMENT, RESTRUCTURING AND OTHER - Impairment, Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges (recoveries)	$ 4.1	$ (5.8)	$ 8.8	$ (51.7)
Impairment, restructuring and other charges (recoveries) from continuing operations	4.1	(5.4)	8.8	(46.2)
Total impairment, restructuring and other charges (recoveries)	4.2	(5.4)	9.6	(32.6)
Scotts Lawnservice
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges (recoveries)	0.1	0.0	0.8	13.6
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges (recoveries)	0.0	0.4	0.0	5.5
Operating Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges (recoveries)	$ 4.1	$ (5.8)	$ 8.8	$ (51.7)

IMPAIRMENT, RESTRUCTURING AND OTHER - Activity Related to Liabilities Associated with Restructuring (Details) $ in Millions	9 Months Ended
	Jul. 01, 2017 USD ($)
Restructuring Reserve [Roll Forward]
Amounts accrued for restructuring and other, beginning balance	$ 20.8
Restructuring and other charges from continuing operations	8.8
Restructuring and other charges from discontinued operations	0.8
Payments and other	(25.2)
Amounts accrued for restructuring and other, ending balance	$ 5.2

IMPAIRMENT, RESTRUCTURING AND OTHER - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		21 Months Ended	27 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 01, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, long term	$ 1,300,000		$ 1,300,000		$ 1,300,000	$ 1,300,000
Impairment, restructuring and other	4,100,000	$ (5,800,000)	8,800,000	$ (51,700,000)
Impairment, restructuring and other (recoveries) charges	4,200,000	(5,400,000)	9,600,000	(32,600,000)
Restructuring and other charges from continuing operations			8,800,000
Scotts Lawnservice
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other	100,000	0	800,000	13,600,000
U.S. Consumer \| Bonus S
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other (recoveries) charges	0	500,000	0	6,900,000
Insurance recoveries		5,900,000		55,900,000
Restructuring and other charges from continuing operations						73,800,000
Reimbursement payments						$ 60,800,000
Project Focus
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other	4,100,000	(300,000)	8,800,000	2,300,000
Project Focus \| Scotts Lawnservice
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other	100,000		800,000
Amount recognized in resolution of litigation		0		9,000,000
Divestiture transaction related costs	$ 100,000	$ 0	$ 800,000	$ 4,600,000
Project Focus \| Other Restructuring
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other					13,400,000
Project Focus \| U.S. Consumer \| One-time Termination Benefits
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other					3,400,000
Project Focus \| Europe Consumer \| One-time Termination Benefits
Restructuring Cost and Reserve [Line Items]
Impairment, restructuring and other					$ 2,000,000

INVENTORIES (Details) - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 271.5	$ 248.7	$ 299.9
Work-in-process	51.2	56.9	46.6
Raw materials	143.9	142.6	123.4
Total inventories	466.6	448.2	469.9
Adjustments to reflect inventories at net realizable values	$ 14.1	$ 10.8	$ 15.3

MARKETING AGREEMENT - Additional Information (Details) $ in Millions			9 Months Ended
	Aug. 14, 2015 USD ($)	May 15, 2015 USD ($)	Jul. 01, 2017 USD ($)	Sep. 30, 1998 USD ($)
Monsanto Marketing Agreement
Marketing Agreement [Line Items]
Annual contribution payment			$ 20.0
Initial consideration for marketing rights				$ 32.0
Useful life of Marketing Agreement			20 years
Remaining unamortized amount			$ 1.0
Remaining amortization period of Marketing Agreement			2 years
Consideration paid	$ 300.0
Minimum termination fee payable		$ 200.0
Minimum termination fee payable multiple		4
Commission threshold		$ 40.0
Percentage of program earnings		50.00%
Brand Extension Agreement
Marketing Agreement [Line Items]
Initial term		20 years
Renewal term		20 years
Allocated fair value		$ 111.7
Commercialization and Technology Agreement
Marketing Agreement [Line Items]
Initial term		30 years
Agency Agreement
Marketing Agreement [Line Items]
Allocated fair value		$ 188.3

MARKETING AGREEMENT - Net Commission Earned Under Marketing Agreement (Details) - Monsanto Marketing Agreement - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Marketing Agreement [Line Items]
Gross commission	$ 38.5	$ 37.4	$ 86.7	$ 92.3
Contribution expenses	(5.0)	(5.0)	(15.0)	(15.0)
Amortization of marketing fee	(0.2)	(0.2)	(0.6)	(0.6)
Net commission	33.3	32.2	71.1	76.7
Reimbursements associated with Marketing Agreement	18.1	18.4	56.3	55.2
Total net sales associated with Marketing Agreement	$ 51.4	$ 50.6	$ 127.4	$ 131.9

DEBT - Components of Long-Term Debt (Details) - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Debt Instrument [Line Items]
Total debt	$ 1,717.7	$ 1,316.1	$ 1,512.8
Less current portions	289.1	185.0	382.5
Less unamortized debt issuance costs	8.9	6.0	6.2
Long-term debt	1,419.7	1,125.1	1,124.1
Credit Facilities \| Revolving loans
Debt Instrument [Line Items]
Total debt	473.7	417.4	404.9
Credit Facilities \| Term loans
Debt Instrument [Line Items]
Total debt	$ 277.5	288.8	292.5
Senior Notes \| Senior Notes – 5.250%
Debt Instrument [Line Items]
Interest rate of debt	5.25%
Total debt	$ 250.0	0.0	$ 0.0
Senior Notes \| Senior Notes – 6.000%
Debt Instrument [Line Items]
Interest rate of debt	6.00%		6.00%
Total debt	$ 400.0	400.0	$ 400.0
Receivables facility
Debt Instrument [Line Items]
Total debt	250.0	138.6	348.0
Other
Debt Instrument [Line Items]
Total debt	$ 66.5	$ 71.3	$ 67.4

DEBT - Additional Information (Details)	Apr. 07, 2017 USD ($)	Dec. 15, 2015 USD ($)	Oct. 13, 2015 USD ($)	Dec. 20, 2013 USD ($)	Jul. 01, 2017 USD ($)	Dec. 15, 2016 USD ($)	Oct. 14, 2016 USD ($)	Sep. 30, 2016 USD ($)	Jul. 02, 2016 USD ($)	Oct. 29, 2015 USD ($)	Sep. 25, 2015 USD ($)
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity										$ 1,900,000,000.0
Weighted average interest rate					4.40%				4.30%
Leverage ratio					3.03
Interest coverage ratio					7.98
Leverage ratio, restricted payment threshold					4.00
Unamortized debt issuance costs					$ 8,900,000			$ 6,000,000	$ 6,200,000
Accounts receivable pledged					277,800,000			174,700,000	435,100,000
Fair Value, Measurements, Recurring
Debt Instrument [Line Items]
Fair value of debt					40,500,000			38,300,000	37,700,000
Unobservable Inputs (Level 3) \| Fair Value, Measurements, Recurring
Debt Instrument [Line Items]
Fair value of debt					40,500,000			38,300,000	37,700,000
Gavita Holdings B.V.
Debt Instrument [Line Items]
Fair value of debt					40,500,000			$ 38,300,000
Master Accounts Receivable Purchase Agreement
Debt Instrument [Line Items]
Maximum aggregate amount											$ 400,000,000
Receivables facility borrowings							$ 133,500,000		348,000,000
Accounts receivable pledged									$ 435,100,000
Receivables Facility
Debt Instrument [Line Items]
Available borrowing capacity					0
Maximum aggregate amount	$ 250,000,000
Committed up to limit under agreement	$ 100,000,000
Receivables facility borrowings					250,000,000
Accounts receivable pledged					277,800,000
Margin over LIBOR on Receivables Facility	0.90%
Receivables Facility \| Base Rate
Debt Instrument [Line Items]
Margin over LIBOR on Receivables Facility	0.00%
Beginning Fiscal Year 2017
Debt Instrument [Line Items]
Maximum restrictive payments					175,000,000
Beginning Fiscal Year 2018
Debt Instrument [Line Items]
Maximum restrictive payments					$ 200,000,000
Maximum
Debt Instrument [Line Items]
Leverage ratio					4.50
Minimum
Debt Instrument [Line Items]
Interest coverage ratio					3.00
Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate					3.80%				3.90%
Revolving Credit Facility
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity										1,600,000,000.0
Additional maximum borrowing capacity										500,000,000
Secured Term Loan
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity										300,000,000
Credit Facilities
Debt Instrument [Line Items]
Available borrowing capacity					$ 1,100,000,000
Credit Facilities \| Letter of Credit
Debt Instrument [Line Items]
Principal amount					$ 23,500,000
Credit Facilities \| Third Amended and Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt maturity period				5 years
Senior secured credit facilities, maximum borrowing capacity				$ 1,700,000,000.0
Credit Facilities \| Fourth Amended and Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt maturity period				5 years
Letter of Credit
Debt Instrument [Line Items]
Additional maximum borrowing capacity										$ 100,000,000
Senior Notes \| Senior Notes – 5.250%
Debt Instrument [Line Items]
Aggregate principal amount						$ 250,000,000
Interest rate of debt					5.25%
Senior Notes \| Senior Notes – 5.250% \| Estimate of Fair Value Measurement
Debt Instrument [Line Items]
Fair value of debt					$ 261,600,000
Senior Notes \| Senior Notes - 6.625%
Debt Instrument [Line Items]
Interest rate of debt		6.625%							6.625%
Repurchased debt amount		$ 200,000,000
Senior notes redemption price		213,200,000
Accrued and unpaid interest		6,600,000
Call premium		6,600,000
Unamortized debt issuance costs		$ 2,200,000
Senior Notes \| Senior Notes – 6.000%
Debt Instrument [Line Items]
Interest rate of debt					6.00%				6.00%
Aggregate principal amount			$ 400,000,000.0
Senior Notes \| Senior Notes – 6.000% \| Estimate of Fair Value Measurement
Debt Instrument [Line Items]
Fair value of debt					$ 429,500,000

DEBT - Interest Rate Swap Agreements (Details) - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Instrument 1
Derivative [Line Items]
Notional Amount	$ 50.0
Fixed Rate	2.96%
Instrument 2
Derivative [Line Items]
Notional Amount	$ 200.0
Fixed Rate	1.28%
Instrument 3
Derivative [Line Items]
Notional Amount	$ 300.0
Fixed Rate	0.83%
Instrument 4
Derivative [Line Items]
Notional Amount	$ 200.0
Fixed Rate	0.84%
Instrument 5
Derivative [Line Items]
Notional Amount	$ 150.0
Fixed Rate	2.12%
Instrument 6
Derivative [Line Items]
Notional Amount	$ 50.0
Fixed Rate	2.25%
Instrument 7
Derivative [Line Items]
Notional Amount	$ 200.0
Fixed Rate	2.12%
Derivatives designated as hedging instruments \| Interest Rate Swap
Derivative [Line Items]
Notional Amount	$ 1,150.0	$ 650.0	$ 650.0

RETIREMENT AND RETIREE MEDICAL PLANS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
United States
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 0.0		$ 0.0
Interest cost		1.1		3.3
Expected return on plan assets		(1.2)		(3.7)
Net amortization		0.4		1.3
Net periodic benefit (income) cost		0.3		0.9
United States \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.0		$ 0.0
Interest cost	0.7		2.1
Expected return on plan assets	(1.2)		(3.6)
Net amortization	0.4		1.2
Net periodic benefit (income) cost	(0.1)		(0.3)
United States \| Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.0	0.1	0.2	0.3
Interest cost	0.2	0.3	0.5	0.8
Expected return on plan assets	0.0	0.0	0.0	0.0
Net amortization	(0.1)	(0.3)	(0.5)	(0.8)
Net periodic benefit (income) cost	0.1	0.1	0.2	0.3
International
Defined Benefit Plan Disclosure [Line Items]
Service cost		0.3		0.9
Interest cost		1.7		5.1
Expected return on plan assets		(2.0)		(6.0)
Net amortization		0.4		1.2
Net periodic benefit (income) cost		$ 0.4		$ 1.2
International \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.3		0.9
Interest cost	1.0		2.9
Expected return on plan assets	(2.0)		(6.0)
Net amortization	0.5		1.6
Net periodic benefit (income) cost	$ (0.2)		$ (0.6)

EQUITY - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions		3 Months Ended		9 Months Ended		35 Months Ended
	Aug. 01, 2017	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Aug. 03, 2016	Aug. 31, 2014
Equity [Abstract]
Authorized repurchase amount							$ 1,000,000,000.0	$ 500,000,000.0
Share repurchase period				5 years
Increase in authorized repurchase amount							$ 500,000,000.0
Common shares repurchased (shares)		1.0		2.0		4.0
Common shares repurchased		$ 84,600,000		$ 175,100,000		$ 320,800,000
Subsequent Event [Line Items]
Dividend approved per common share (USD per share)		$ 0.50	$ 0.47	$ 1.50	$ 1.410
Minimum
Subsequent Event [Line Items]
Dividend approved per common share (USD per share)		$ 0.50
Maximum \| Subsequent Event
Subsequent Event [Line Items]
Dividend approved per common share (USD per share)	$ 0.53

EQUITY - Summary of the Changes in Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, controlling interest, beginning balance			$ 715.2
Noncontrolling interest, beginning balance			19.1
Total equity, beginning balance			734.3	$ 633.1
Net income (loss), controlling interest	$ 151.9	$ 213.1	251.8	341.9
Net income (loss) attributable to noncontrolling interest	0.0	(0.4)	0.5	(0.2)
Net income (loss)	151.9	212.7	252.3	341.7
Other comprehensive income (loss)	5.5	(10.9)	8.7	(10.7)
Share-based compensation			25.2	13.9
Dividends declared ($1.500 and $1.410 per share), July 1, 2017 and July 2, 2016, respectively			(90.5)	(87.5)
Treasury share purchases			(175.1)	(81.2)
Treasury share issuances			(3.8)	15.8
Investment/adjustment to noncontrolling interest			0.0	7.1
Distribution declared by AeroGrow			(8.1)
Equity, controlling interest, ending balance	730.4	812.9	730.4	812.9
Noncontrolling interest, ending balance	12.6	19.3	12.6	19.3
Total equity, ending balance	743.0	832.2	743.0	832.2
Common Shares and Capital in Excess of Stated Value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, controlling interest, beginning balance			401.7	400.4
Share-based compensation			25.2	13.9
Treasury share issuances			(20.2)	(13.2)
Investment/adjustment to noncontrolling interest			(1.0)
Equity, controlling interest, ending balance	405.7	401.1	405.7	401.1
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, controlling interest, beginning balance			881.8	684.2
Net income (loss), controlling interest			251.8	341.9
Dividends declared ($1.500 and $1.410 per share), July 1, 2017 and July 2, 2016, respectively			(90.5)	(87.5)
Equity, controlling interest, ending balance	1,043.1	938.6	1,043.1	938.6
Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, controlling interest, beginning balance			(451.4)	(357.1)
Treasury share purchases			(175.1)	(81.2)
Treasury share issuances			16.4	29.0
Equity, controlling interest, ending balance	(610.1)	(409.3)	(610.1)	(409.3)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, controlling interest, beginning balance			(116.9)	(106.8)
Other comprehensive income (loss)			8.6	(10.7)
Equity, controlling interest, ending balance	(108.3)	(117.5)	(108.3)	(117.5)
Total Equity - Controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, controlling interest, beginning balance			715.2	620.7
Net income (loss), controlling interest			251.8	341.9
Other comprehensive income (loss)			8.6	(10.7)
Share-based compensation			25.2	13.9
Dividends declared ($1.500 and $1.410 per share), July 1, 2017 and July 2, 2016, respectively			(90.5)	(87.5)
Treasury share purchases			(175.1)	(81.2)
Treasury share issuances			(3.8)	15.8
Investment/adjustment to noncontrolling interest			(1.0)
Equity, controlling interest, ending balance	730.4	812.9	730.4	812.9
Non-controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling interest, beginning balance			19.1	12.4
Net income (loss) attributable to noncontrolling interest			0.5	(0.2)
Other comprehensive income (loss)			0.1
Investment/adjustment to noncontrolling interest			1.0	7.1
Distribution declared by AeroGrow			(8.1)
Noncontrolling interest, ending balance	$ 12.6	$ 19.3	$ 12.6	$ 19.3

EQUITY - Narrative of Changes in Equity Components (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions			3 Months Ended		9 Months Ended
	Jan. 03, 2017	Nov. 29, 2016	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Dividends declared per common share (USD per share)			$ 0.50	$ 0.47	$ 1.50	$ 1.410
Distribution declared by AeroGrow					$ 8.1
Non-controlling Interest
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Distribution declared by AeroGrow					$ 8.1
AeroGrow International, Inc. \| Non-controlling Interest
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Distribution declared by AeroGrow	$ 8.1
AeroGrow International, Inc.
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity ownership percentage		45.00%
Controlling ownership percentage		80.00%
Dividends payable		$ 41.0
Dividends declared per common share (USD per share)		$ 1.21
AeroGrow International, Inc. \| SMG Growing Media
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Aggregate warrant exercise price		$ 47.8
Number of shares issued to subsidiary upon exercise (shares)		21.6

EQUITY - Share-based Awards Granted (Details) - USD ($) $ in Millions		9 Months Ended
	Jan. 30, 2017	Jul. 01, 2017	Jul. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)		621,323.000000	603,730.00000
Aggregate fair value at grant dates		$ 57.7	$ 16.4
Stock options \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)		0	444,890
Restricted stock units \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)		109,661	74,422
Performance units \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)		487,809	56,315
Deferred stock units \| Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)		23,853	28,103
Project Focus \| Performance Based Units \| Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	465,461

EQUITY - Total Share-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Equity [Abstract]
Share-based compensation	$ 5.4	$ 2.4	$ 20.5	$ 13.7
Tax benefit recognized	$ 2.1	$ 0.9	$ 7.8	$ 5.2

INCOME TAXES (Details)	9 Months Ended
INCOME TAXES (Details)	Jul. 01, 2017	Jul. 02, 2016
Income Tax Disclosure [Abstract]
Effective tax rate related to continuing operations	34.80%	35.50%

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Not Designated as Hedging Instrument \| Currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 266.2	$ 165.8	$ 163.3
Fair value of forward contracts	(2.1)	0.4	0.5
Derivatives designated as hedging instruments \| Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	1,150.0	$ 650.0	$ 650.0
Gain (loss) related to interest rate swap agreements expected to be reclassified	0.1
Derivatives designated as hedging instruments \| Commodity hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) related to Urea derivatives expected to be reclassified	$ (1.0)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Outstanding Commodity Contracts (Details) gal in Thousands	Jul. 01, 2017 tons gal	Sep. 30, 2016 tons gal	Jul. 02, 2016 tons gal
Urea (in tons)
Derivative [Line Items]
Outstanding commodity contracts \| tons	78,000	40,500	34,500
Diesel (in gallons)
Derivative [Line Items]
Outstanding commodity contracts	5,082	6,384	5,670
Heating Oil (in gallons)
Derivative [Line Items]
Outstanding commodity contracts	1,302	1,722	1,386

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Derivatives, Fair Value [Line Items]
Total derivatives	$ (4.6)	$ (6.4)	$ (9.0)
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivatives	(1.9)	(6.7)	(9.5)
Derivatives designated as hedging instruments \| Interest rate swap agreements \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	1.2	0.0	0.0
Derivatives designated as hedging instruments \| Interest rate swap agreements \| Other assets
Derivatives, Fair Value [Line Items]
Derivative asset	0.2	0.0	0.0
Derivatives designated as hedging instruments \| Interest rate swap agreements \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(1.1)	(3.3)	(4.3)
Derivatives designated as hedging instruments \| Interest rate swap agreements \| Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(0.5)	(3.1)	(4.4)
Derivatives designated as hedging instruments \| Commodity hedging instruments \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(1.7)	(0.3)	(0.8)
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivatives	(2.7)	0.3	0.5
Not Designated as Hedging Instrument \| Currency forward contracts \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0.4	1.2	1.2
Not Designated as Hedging Instrument \| Currency forward contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(2.5)	(0.8)	(0.8)
Not Designated as Hedging Instrument \| Commodity hedging instruments \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0.0	0.0	0.2
Not Designated as Hedging Instrument \| Commodity hedging instruments \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ (0.6)	$ (0.1)	$ (0.1)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on AOCI and Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	$ (2.3)	$ 2.5	$ 4.7	$ (2.9)
Not Designated as Hedging Instrument \| Currency forward contracts \| Other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	(1.7)	0.7	5.3	(0.4)
Not Designated as Hedging Instrument \| Commodity hedging instruments \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	(0.6)	1.8	(0.6)	(2.5)
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCI	(1.2)	(1.2)	1.8	(2.8)
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	(0.4)	(1.7)	(1.9)	(5.3)
Cash Flow Hedging \| Interest rate swap agreements
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCI	(0.3)	(1.0)	2.2	(1.9)
Cash Flow Hedging \| Interest rate swap agreements \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	(0.5)	(1.5)	(1.7)	(4.7)
Cash Flow Hedging \| Commodity hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCI	(0.9)	(0.2)	(0.4)	(0.9)
Cash Flow Hedging \| Commodity hedging instruments \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	$ 0.1	$ (0.2)	$ (0.2)	$ (0.6)

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016
Assets
Cash equivalents	$ 22.1	$ 11.5	$ 14.6
Other	27.0	22.7	11.1
Total	50.9	35.4	27.1
Liabilities
Long-term debt	(40.5)	(38.3)	(37.7)
Total	(46.9)	(45.9)	(48.1)
Interest rate swap agreements
Assets
Derivatives	1.4
Liabilities
Derivatives	(1.6)	(6.4)	(8.7)
Currency forward contracts
Assets
Derivatives	0.4	1.2	1.2
Liabilities
Derivatives	(2.5)	(0.8)	(0.8)
Commodity hedging instruments
Assets
Derivatives			0.2
Liabilities
Derivatives	(2.3)	(0.4)	(0.9)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Cash equivalents	22.1	11.5	14.6
Other	15.2	11.8	11.1
Total	37.3	23.3	25.7
Liabilities
Long-term debt	0.0	0.0	0.0
Total	0.0	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Interest rate swap agreements
Assets
Derivatives	0.0
Liabilities
Derivatives	0.0	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Currency forward contracts
Assets
Derivatives	0.0	0.0	0.0
Liabilities
Derivatives	0.0	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Commodity hedging instruments
Assets
Derivatives			0.0
Liabilities
Derivatives	0.0	0.0	0.0
Significant Other Observable Inputs (Level 2)
Assets
Cash equivalents	0.0	0.0	0.0
Other	0.0	0.0	0.0
Total	1.8	1.2	1.4
Liabilities
Long-term debt	0.0	0.0	0.0
Total	(6.4)	(7.6)	(10.4)
Significant Other Observable Inputs (Level 2) \| Interest rate swap agreements
Assets
Derivatives	1.4
Liabilities
Derivatives	(1.6)	(6.4)	(8.7)
Significant Other Observable Inputs (Level 2) \| Currency forward contracts
Assets
Derivatives	0.4	1.2	1.2
Liabilities
Derivatives	(2.5)	(0.8)	(0.8)
Significant Other Observable Inputs (Level 2) \| Commodity hedging instruments
Assets
Derivatives			0.2
Liabilities
Derivatives	(2.3)	(0.4)	(0.9)
Unobservable Inputs (Level 3)
Assets
Cash equivalents	0.0	0.0	0.0
Other	11.8	10.9	0.0
Total	11.8	10.9	0.0
Liabilities
Long-term debt	(40.5)	(38.3)	(37.7)
Total	(40.5)	(38.3)	(37.7)
Unobservable Inputs (Level 3) \| Interest rate swap agreements
Assets
Derivatives	0.0
Liabilities
Derivatives	0.0	0.0	0.0
Unobservable Inputs (Level 3) \| Currency forward contracts
Assets
Derivatives	0.0	0.0	0.0
Liabilities
Derivatives	0.0	0.0	0.0
Unobservable Inputs (Level 3) \| Commodity hedging instruments
Assets
Derivatives			0.0
Liabilities
Derivatives	$ 0.0	$ 0.0	$ 0.0

SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT INFORMATION (Details) $ in Millions	Jul. 01, 2017 USD ($)	Jul. 02, 2016 USD ($)	Jul. 01, 2017 USD ($) segment	Jul. 02, 2016 USD ($)	Sep. 30, 2016 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment			3
Segment Reporting Information [Line Items]
Net sales	$ 1,078.0	$ 994.1	$ 2,528.2	$ 2,433.8
Segment profit (loss)	231.0	196.5	387.6	423.8
Impairment, restructuring and other	(4.1)	5.8	(8.8)	51.7
Equity in income (loss) of unconsolidated affiliates	7.2	(3.5)	(30.1)	(3.5)
Costs related to refinancing	0.0	0.0	0.0	(8.8)
Interest expense	(21.8)	(16.9)	(58.9)	(52.3)
Total assets:
Total assets	3,347.5	3,253.5	3,347.5	3,253.5	$ 2,802.8
TruGreen Joint Venture
Segment Reporting Information [Line Items]
Net sales	471.6	401.3	878.5	401.3
Interest expense	(18.5)	(15.0)	(52.0)	(15.0)
Restructuring and other charges	5.0	17.0	16.7	17.0
Corporate
Total assets:
Total assets	241.7	296.9	241.7	296.9	271.9
Continuing Operations
Segment Reporting Information [Line Items]
Segment profit (loss)	231.0	196.5	387.6	423.8
Intangible asset amortization	(5.9)	(4.4)	(17.8)	(12.6)
Impairment, restructuring and other	(4.1)	(11.4)	(8.8)	29.1
Equity in income (loss) of unconsolidated affiliates	7.2	13.5	(30.1)	13.5
Costs related to refinancing	0.0	0.0	0.0	(8.8)
Interest expense	(21.8)	(16.9)	(58.9)	(52.3)
Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	283.7	229.5	590.2	528.8
Continuing Operations \| Corporate
Segment Reporting Information [Line Items]
Segment profit (loss)	(28.1)	(13.8)	(87.0)	(73.9)
U.S. Consumer
Segment Reporting Information [Line Items]
Net sales	792.2	756.7	1,880.1	1,909.6
U.S. Consumer \| Operating Segments
Total assets:
Total assets	2,068.2	2,121.1	2,068.2	2,121.1	1,770.7
U.S. Consumer \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	246.6	205.8	522.5	487.6
Europe Consumer
Segment Reporting Information [Line Items]
Net sales	93.2	96.2	222.9	236.9
Europe Consumer \| Operating Segments
Total assets:
Total assets	248.1	264.6	248.1	264.6	192.1
Europe Consumer \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	13.3	11.8	23.2	24.2
Other
Segment Reporting Information [Line Items]
Net sales	192.6	141.2	425.2	287.3
Other \| Operating Segments
Total assets:
Total assets	789.5	570.9	789.5	570.9	$ 568.1
Other \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	$ 23.8	$ 11.9	$ 44.5	$ 17.0

OTHER (Details) - International Business - Exponent	Apr. 29, 2017 EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected proceeds from sale of business	€ 210,000,000
Contingent consideration	20,000,000
Sierra
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Vendor financing	€ 25,000,000
Term of financing	7 years
FInancing interest rate	5.00%
Annual interest rate increase	2.50%

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS - Additional information (Details) - USD ($)	9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Dec. 15, 2015
Disclosure of Dividends Paid
Revolving loan term	5 years
Return of investments from affiliates	$ 0	$ 0
Parent \| Reportable Legal Entities
Disclosure of Dividends Paid
Return of investments from affiliates	511,100,000	758,400,000
Subsidiary Guarantors \| Reportable Legal Entities
Disclosure of Dividends Paid
Return of investments from affiliates	$ 32,400,000	$ 0
Senior Notes – 6.000% \| Senior Notes
Disclosure of Dividends Paid
Interest rate of debt	6.00%	6.00%
Senior Notes – 5.250% \| Senior Notes
Disclosure of Dividends Paid
Interest rate of debt	5.25%
Senior Notes - 6.625% \| Senior Notes
Disclosure of Dividends Paid
Interest rate of debt		6.625%	6.625%
Repurchased debt amount			$ 200,000,000

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net sales	$ 1,078.0	$ 994.1	$ 2,528.2	$ 2,433.8
Cost of sales	662.8	636.3	1,566.5	1,532.6
Cost of sales—impairment, restructuring and other	0.0	0.4	0.0	5.5
Gross profit	415.2	357.4	961.7	895.7
Operating expenses:
Selling, general and administrative	172.0	151.9	488.8	466.1
Impairment, restructuring and other	4.1	(5.8)	8.8	(51.7)
Other (income) loss, net	(6.5)	(5.6)	(12.5)	(7.1)
Income (loss) from operations	245.6	216.9	476.6	488.4
Equity (income) loss in subsidiaries	0.0	0.0	0.0	0.0
Other non-operating (income) loss	0.0	0.0	0.0
Equity in (income) loss of unconsolidated affiliates	(7.2)	3.5	30.1	3.5
Costs related to refinancing	0.0	0.0	0.0	8.8
Interest expense	21.8	16.9	58.9	52.3
Income (loss) from continuing operations before income taxes	231.0	196.5	387.6	423.8
Income tax (benefit) expense from continuing operations	79.1	69.5	134.7	150.3
Income (loss) from continuing operations	151.9	127.0	252.9	273.5
Income (loss) from discontinued operations, net of tax	0.0	85.7	(0.6)	68.2
Net income (loss)	151.9	212.7	252.3	341.7
Net (income) loss attributable to noncontrolling interest	0.0	0.4	(0.5)	0.2
Net income (loss) attributable to controlling interest	151.9	213.1	251.8	341.9
Eliminations/ Consolidations
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net sales	0.0	0.0	0.0	0.0
Cost of sales	0.0	0.0	0.0	0.0
Cost of sales—impairment, restructuring and other		0.0		0.0
Gross profit	0.0	0.0	0.0	0.0
Operating expenses:
Selling, general and administrative	0.3	0.4	1.0	1.1
Impairment, restructuring and other	0.0	0.0	0.0	0.0
Other (income) loss, net	0.0	0.0	0.0	0.0
Income (loss) from operations	(0.3)	(0.4)	(1.0)	(1.1)
Equity (income) loss in subsidiaries	168.8	225.5	290.1	379.8
Other non-operating (income) loss	10.3	11.8	32.0	37.2
Equity in (income) loss of unconsolidated affiliates	0.0	0.0	0.0	0.0
Costs related to refinancing				0.0
Interest expense	(10.3)	(11.8)	(32.0)	(37.2)
Income (loss) from continuing operations before income taxes	(169.1)	(225.9)	(291.1)	(380.9)
Income tax (benefit) expense from continuing operations	0.0	0.0	0.0	0.0
Income (loss) from continuing operations	(169.1)	(225.9)	(291.1)	(380.9)
Income (loss) from discontinued operations, net of tax	0.0	0.0	0.0	0.0
Net income (loss)	(169.1)	(225.9)	(291.1)	(380.9)
Net (income) loss attributable to noncontrolling interest	0.0	0.4	(0.5)	0.2
Net income (loss) attributable to controlling interest	(169.1)	(225.5)	(291.6)	(380.7)
Parent \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net sales	0.0	0.0	0.0	0.0
Cost of sales	0.0	0.0	0.0	0.0
Cost of sales—impairment, restructuring and other		0.0		0.0
Gross profit	0.0	0.0	0.0	0.0
Operating expenses:
Selling, general and administrative	0.0	0.0	0.0	0.0
Impairment, restructuring and other	0.0	0.0	0.0	0.0
Other (income) loss, net	(0.2)	(0.2)	(0.6)	(0.2)
Income (loss) from operations	0.2	0.2	0.6	0.2
Equity (income) loss in subsidiaries	(160.6)	(219.6)	(276.1)	(368.4)
Other non-operating (income) loss	(6.6)	(6.1)	(18.4)	(19.4)
Equity in (income) loss of unconsolidated affiliates	0.0	0.0	0.0	0.0
Costs related to refinancing				8.8
Interest expense	19.6	15.7	54.9	49.9
Income (loss) from continuing operations before income taxes	147.8	210.2	240.2	329.3
Income tax (benefit) expense from continuing operations	(4.4)	(3.2)	(12.5)	(13.9)
Income (loss) from continuing operations	152.2	213.4	252.7	343.2
Income (loss) from discontinued operations, net of tax	0.0	0.0	0.0	0.0
Net income (loss)	152.2	213.4	252.7	343.2
Net (income) loss attributable to noncontrolling interest	0.0	0.0	0.0	0.0
Net income (loss) attributable to controlling interest	152.2	213.4	252.7	343.2
Subsidiary Guarantors \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net sales	845.3	786.2	2,010.8	1,985.5
Cost of sales	492.0	485.8	1,191.1	1,215.7
Cost of sales—impairment, restructuring and other		0.4		5.5
Gross profit	353.3	300.0	819.7	764.3
Operating expenses:
Selling, general and administrative	128.8	108.5	375.3	355.9
Impairment, restructuring and other	4.2	(5.8)	9.4	(52.1)
Other (income) loss, net	(4.0)	(5.8)	(10.4)	(7.0)
Income (loss) from operations	224.3	203.1	445.4	467.5
Equity (income) loss in subsidiaries	(8.2)	(5.9)	(14.0)	(11.4)
Other non-operating (income) loss	0.0	0.0	0.0	0.0
Equity in (income) loss of unconsolidated affiliates	(7.2)	3.5	30.0	3.5
Costs related to refinancing				0.0
Interest expense	11.1	11.8	32.3	36.4
Income (loss) from continuing operations before income taxes	228.6	193.7	397.1	439.0
Income tax (benefit) expense from continuing operations	75.4	66.2	132.7	151.2
Income (loss) from continuing operations	153.2	127.5	264.4	287.8
Income (loss) from discontinued operations, net of tax	0.0	85.7	(0.6)	68.2
Net income (loss)	153.2	213.2	263.8	356.0
Net (income) loss attributable to noncontrolling interest	0.0	0.0	0.0	0.0
Net income (loss) attributable to controlling interest	153.2	213.2	263.8	356.0
Non-Guarantors \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net sales	232.7	207.9	517.4	448.3
Cost of sales	170.8	150.5	375.4	316.9
Cost of sales—impairment, restructuring and other		0.0
Gross profit	61.9	57.4	142.0	131.4
Operating expenses:
Selling, general and administrative	42.9	43.0	112.5	109.1
Impairment, restructuring and other	(0.1)	0.0	(0.6)	0.4
Other (income) loss, net	(2.3)	0.4	(1.5)	0.1
Income (loss) from operations	21.4	14.0	31.6	21.8
Equity (income) loss in subsidiaries	0.0	0.0	0.0	0.0
Other non-operating (income) loss	(3.7)	(5.7)	(13.6)	(17.8)
Equity in (income) loss of unconsolidated affiliates	0.0	0.0	0.1	0.0
Costs related to refinancing				0.0
Interest expense	1.4	1.2	3.7	3.2
Income (loss) from continuing operations before income taxes	23.7	18.5	41.4	36.4
Income tax (benefit) expense from continuing operations	8.1	6.5	14.5	13.0
Income (loss) from continuing operations	15.6	12.0	26.9	23.4
Income (loss) from discontinued operations, net of tax	0.0	0.0	0.0	0.0
Net income (loss)	15.6	12.0	26.9	23.4
Net (income) loss attributable to noncontrolling interest	0.0	0.0	0.0	0.0
Net income (loss) attributable to controlling interest	$ 15.6	$ 12.0	$ 26.9	$ 23.4

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS - Condensed Consolidating Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss)
Net income	$ 151.9	$ 212.7	$ 252.3	$ 341.7
Net foreign currency translation adjustment	5.8	(12.3)	3.6	(14.8)
Net change in derivatives	(0.8)	0.5	3.7	2.5
Net change in pension and other post-retirement benefits	0.5	0.9	1.4	1.6
Total other comprehensive income (loss)	5.5	(10.9)	8.7	(10.7)
Comprehensive income	157.4	201.8	261.0	331.0
Comprehensive (income) loss attributable to noncontrolling interest	(0.1)	0.4	(0.6)	0.2
Comprehensive income attributable to controlling interest	157.3	202.2	260.4	331.2
Eliminations/ Consolidations
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss)
Net income	(169.1)	(225.9)	(291.1)	(380.9)
Net foreign currency translation adjustment	(5.8)	12.3	(3.6)	14.8
Net change in derivatives	1.0	(0.1)	0.2	0.2
Net change in pension and other post-retirement benefits	(0.5)	(0.9)	(1.4)	(1.6)
Total other comprehensive income (loss)	(5.3)	11.3	(4.8)	13.4
Comprehensive income	(174.4)	(214.6)	(295.9)	(367.5)
Comprehensive (income) loss attributable to noncontrolling interest	(0.1)		(0.6)
Comprehensive income attributable to controlling interest	(174.5)		(296.5)
Parent \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss)
Net income	152.2	213.4	252.7	343.2
Net foreign currency translation adjustment	5.8	(12.3)	3.6	(14.8)
Net change in derivatives	(0.8)	0.5	3.7	2.5
Net change in pension and other post-retirement benefits	0.5	0.9	1.4	1.6
Total other comprehensive income (loss)	5.5	(10.9)	8.7	(10.7)
Comprehensive income	157.7	202.5	261.4	332.5
Comprehensive (income) loss attributable to noncontrolling interest	0.0		0.0
Comprehensive income attributable to controlling interest	157.7		261.4
Subsidiary Guarantors \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss)
Net income	153.2	213.2	263.8	356.0
Net foreign currency translation adjustment	0.0	0.0	0.0	0.0
Net change in derivatives	(1.0)	0.1	(0.2)	(0.2)
Net change in pension and other post-retirement benefits	0.2	0.4	0.4	0.8
Total other comprehensive income (loss)	(0.8)	0.5	0.2	0.6
Comprehensive income	152.4	213.7	264.0	356.6
Comprehensive (income) loss attributable to noncontrolling interest	0.0		0.0
Comprehensive income attributable to controlling interest	152.4		264.0
Non-Guarantors \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss)
Net income	15.6	12.0	26.9	23.4
Net foreign currency translation adjustment	5.8	(12.3)	3.6	(14.8)
Net change in derivatives	0.0	0.0	0.0	0.0
Net change in pension and other post-retirement benefits	0.3	0.5	1.0	0.8
Total other comprehensive income (loss)	6.1	(11.8)	4.6	(14.0)
Comprehensive income	21.7	$ 0.2	31.5	$ 9.4
Comprehensive (income) loss attributable to noncontrolling interest	0.0		0.0
Comprehensive income attributable to controlling interest	$ 21.7		$ 31.5

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Dec. 15, 2015
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$ 82.4	$ (28.9)
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	5.0	2.4
Investments in property, plant and equipment	(42.0)	(35.7)
Investments in loans receivable	0.0	(90.0)
Net (investments in) distributions from unconsolidated affiliates	(0.2)	194.1
Cash contributed to TruGreen Joint Venture	0.0	(24.2)
Investments in acquired businesses, net of cash acquired	(89.2)	(161.4)
Return of investments from affiliates	0.0	0.0
Investing cash flows from (to) affiliates	0.0	0.0
Net cash provided by (used in) investing activities	(126.4)	(114.8)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	1,362.8	1,882.6
Repayments under revolving and bank lines of credit and term loans	(1,205.3)	(1,762.9)
Proceeds from issuance of Senior Notes	250.0	400.0
Repayment of 6.625% Senior Notes		(200.0)
Financing and issuance fees	(4.3)	(11.2)
Dividends paid	(89.4)	(86.4)
Distribution paid by AeroGrow	(8.1)	0.0
Purchase of Common Shares	(173.8)	(81.2)
Payments on seller notes	(28.7)	(2.3)
Excess tax benefits from share-based payment arrangements	4.5	4.3
Cash received from the exercise of stock options	3.3	9.9
Financing cash flows from (to) affiliates	0.0
Net cash provided by financing activities	111.0	152.8
Effect of exchange rate changes on cash	2.0	(3.3)
Net increase in cash and cash equivalents	69.0	5.8
Cash and cash equivalents at beginning of period	50.1	71.4
Cash and cash equivalents at end of period	119.1	77.2
Senior Notes – 5.250%
FINANCING ACTIVITIES
Proceeds from issuance of Senior Notes	250.0	0.0
Senior Notes – 6.000%
FINANCING ACTIVITIES
Proceeds from issuance of Senior Notes	0.0	400.0
Senior Notes - 6.625%
FINANCING ACTIVITIES
Repayment of 6.625% Senior Notes	$ 0.0	$ (200.0)
Senior Notes \| Senior Notes – 5.250%
FINANCING ACTIVITIES
Interest rate of debt	5.25%
Senior Notes \| Senior Notes – 6.000%
FINANCING ACTIVITIES
Interest rate of debt	6.00%	6.00%
Senior Notes \| Senior Notes - 6.625%
FINANCING ACTIVITIES
Interest rate of debt		6.625%	6.625%
Eliminations/ Consolidations
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$ (0.5)	$ 29.1
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	0.0	0.0
Investments in property, plant and equipment	0.0	0.0
Investments in loans receivable		0.0
Net (investments in) distributions from unconsolidated affiliates	0.0	0.0
Cash contributed to TruGreen Joint Venture		0.0
Investments in acquired businesses, net of cash acquired	0.0	0.0
Return of investments from affiliates	(543.5)	(758.4)
Investing cash flows from (to) affiliates	712.7	789.5
Net cash provided by (used in) investing activities	169.2	31.1
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	0.0	0.0
Repayments under revolving and bank lines of credit and term loans	0.0	0.0
Proceeds from issuance of Senior Notes	0.0	0.0
Repayment of 6.625% Senior Notes		0.0
Financing and issuance fees	0.0	0.0
Dividends paid	511.6	758.4
Distribution paid by AeroGrow	32.4
Purchase of Common Shares	0.0	0.0
Payments on seller notes	0.0	0.0
Excess tax benefits from share-based payment arrangements	0.0	0.0
Cash received from the exercise of stock options	0.0	0.0
Financing cash flows from (to) affiliates	(712.7)	(818.6)
Net cash provided by financing activities	(168.7)	(60.2)
Effect of exchange rate changes on cash	0.0	0.0
Net increase in cash and cash equivalents	0.0	0.0
Cash and cash equivalents at beginning of period	0.0	0.0
Cash and cash equivalents at end of period	0.0	0.0
Parent \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(37.4)	(33.4)
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	0.0	0.0
Investments in property, plant and equipment	0.0	0.0
Investments in loans receivable		0.0
Net (investments in) distributions from unconsolidated affiliates	0.0	0.0
Cash contributed to TruGreen Joint Venture		0.0
Investments in acquired businesses, net of cash acquired	0.0	0.0
Return of investments from affiliates	511.1	758.4
Investing cash flows from (to) affiliates	(464.5)	(760.4)
Net cash provided by (used in) investing activities	46.6	(2.0)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	0.0	0.0
Repayments under revolving and bank lines of credit and term loans	0.0	0.0
Proceeds from issuance of Senior Notes	250.0	400.0
Repayment of 6.625% Senior Notes		(200.0)
Financing and issuance fees	(3.8)	(11.2)
Dividends paid	(89.4)	(86.4)
Distribution paid by AeroGrow	0.0
Purchase of Common Shares	(173.8)	(81.2)
Payments on seller notes	0.0	0.0
Excess tax benefits from share-based payment arrangements	4.5	4.3
Cash received from the exercise of stock options	3.3	9.9
Financing cash flows from (to) affiliates	0.0	0.0
Net cash provided by financing activities	(9.2)	35.4
Effect of exchange rate changes on cash	0.0	0.0
Net increase in cash and cash equivalents	0.0	0.0
Cash and cash equivalents at beginning of period	0.0	0.0
Cash and cash equivalents at end of period	0.0	0.0
Subsidiary Guarantors \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	216.1	18.6
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	4.9	2.4
Investments in property, plant and equipment	(36.1)	(29.4)
Investments in loans receivable		(90.0)
Net (investments in) distributions from unconsolidated affiliates	0.0	194.1
Cash contributed to TruGreen Joint Venture		(24.2)
Investments in acquired businesses, net of cash acquired	(80.5)	0.0
Return of investments from affiliates	32.4	0.0
Investing cash flows from (to) affiliates	(248.2)	(29.1)
Net cash provided by (used in) investing activities	(327.5)	23.8
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	1,152.3	1,669.3
Repayments under revolving and bank lines of credit and term loans	(973.6)	(1,652.6)
Proceeds from issuance of Senior Notes	0.0	0.0
Repayment of 6.625% Senior Notes		0.0
Financing and issuance fees	(0.5)	0.0
Dividends paid	(511.1)	(747.4)
Distribution paid by AeroGrow	0.0
Purchase of Common Shares	0.0	0.0
Payments on seller notes	(15.5)	(1.8)
Excess tax benefits from share-based payment arrangements	0.0	0.0
Cash received from the exercise of stock options	0.0	0.0
Financing cash flows from (to) affiliates	464.5	689.0
Net cash provided by financing activities	116.1	(43.5)
Effect of exchange rate changes on cash	0.0	0.0
Net increase in cash and cash equivalents	4.7	(1.1)
Cash and cash equivalents at beginning of period	2.7	8.2
Cash and cash equivalents at end of period	7.4	7.1
Return on investment	0.5
Non-Guarantors \| Reportable Legal Entities
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(95.8)	(43.2)
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	0.1	0.0
Investments in property, plant and equipment	(5.9)	(6.3)
Investments in loans receivable		0.0
Net (investments in) distributions from unconsolidated affiliates	(0.2)	0.0
Cash contributed to TruGreen Joint Venture		0.0
Investments in acquired businesses, net of cash acquired	(8.7)	(161.4)
Return of investments from affiliates	0.0	0.0
Investing cash flows from (to) affiliates	0.0	0.0
Net cash provided by (used in) investing activities	(14.7)	(167.7)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	210.5	213.3
Repayments under revolving and bank lines of credit and term loans	(231.7)	(110.3)
Proceeds from issuance of Senior Notes	0.0	0.0
Repayment of 6.625% Senior Notes		0.0
Financing and issuance fees	0.0	0.0
Dividends paid	(0.5)	(11.0)
Distribution paid by AeroGrow	(40.5)
Purchase of Common Shares	0.0	0.0
Payments on seller notes	(13.2)	(0.5)
Excess tax benefits from share-based payment arrangements	0.0	0.0
Cash received from the exercise of stock options	0.0	0.0
Financing cash flows from (to) affiliates	248.2	129.6
Net cash provided by financing activities	172.8	221.1
Effect of exchange rate changes on cash	2.0	(3.3)
Net increase in cash and cash equivalents	64.3	6.9
Cash and cash equivalents at beginning of period	47.4	63.2
Cash and cash equivalents at end of period	$ 111.7	$ 70.1

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND NON-GUARANTORS - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Jul. 01, 2017	Sep. 30, 2016	Jul. 02, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 119.1	$ 50.1	$ 77.2	$ 71.4
Accounts receivable, net	474.3	196.4	359.7
Accounts receivable pledged	277.8	174.7	435.1
Inventories	466.6	448.2	469.9
Prepaid and other current assets	146.5	122.3	139.2
Total current assets	1,484.3	991.7	1,481.1
Investment in unconsolidated affiliates	65.7	101.0	94.4
Property, plant and equipment, net	460.8	470.8	449.6
Goodwill	408.7	373.2	346.0
Intangible assets, net	806.6	750.9	750.6
Other assets	121.4	115.2	131.8
Equity investment in subsidiaries	0.0	0.0	0.0
Intercompany assets	0.0	0.0	0.0
Total assets	3,347.5	2,802.8	3,253.5
Current liabilities:
Current portion of debt	289.1	185.0	382.5
Accounts payable	224.0	165.9	249.5
Other current liabilities	327.4	242.2	359.2
Total current liabilities	840.5	593.1	991.2
Long-term debt	1,419.7	1,125.1	1,124.1
Other liabilities	344.3	350.3	306.0
Equity investment in subsidiaries	0.0	0.0	0.0
Intercompany liabilities	0.0	0.0	0.0
Total liabilities	2,604.5	2,068.5	2,421.3
Total equity—controlling interest	730.4	715.2	812.9
Noncontrolling interest	12.6	19.1	19.3
Total equity	743.0	734.3	832.2	633.1
Total liabilities and equity	3,347.5	2,802.8	3,253.5
Eliminations/ Consolidations
Current assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts receivable, net	0.0	0.0	0.0
Accounts receivable pledged	0.0	0.0	0.0
Inventories	0.0	0.0	0.0
Prepaid and other current assets	0.0	0.0	0.0
Total current assets	0.0	0.0	0.0
Investment in unconsolidated affiliates	0.0	0.0	0.0
Property, plant and equipment, net	0.0	0.0	0.0
Goodwill	11.6	11.6	11.6
Intangible assets, net	9.2	10.2	10.6
Other assets	(0.1)	(2.5)	(13.2)
Equity investment in subsidiaries	(1,112.1)	(808.8)	(833.3)
Intercompany assets	(1,012.0)	(1,013.0)	(1,071.5)
Total assets	(2,103.4)	(1,802.5)	(1,895.8)
Current liabilities:
Current portion of debt	(15.0)	(15.0)	(15.0)
Accounts payable	0.0	0.0	0.0
Other current liabilities	0.0	0.0	0.0
Total current liabilities	(15.0)	(15.0)	(15.0)
Long-term debt	(736.2)	(652.9)	(644.8)
Other liabilities	4.8	2.4	(6.8)
Equity investment in subsidiaries	(90.1)	(161.0)	(149.7)
Intercompany liabilities	(244.4)	(334.3)	(402.0)
Total liabilities	(1,080.9)	(1,160.8)	(1,218.3)
Total equity—controlling interest	(1,035.1)	(660.8)	(696.8)
Noncontrolling interest	12.6	19.1	19.3
Total equity	(1,022.5)	(641.7)	(677.5)
Total liabilities and equity	(2,103.4)	(1,802.5)	(1,895.8)
Parent \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts receivable, net	0.0	0.0	0.0
Accounts receivable pledged	0.0	0.0	0.0
Inventories	0.0	0.0	0.0
Prepaid and other current assets	1.2	0.1	0.2
Total current assets	1.2	0.1	0.2
Investment in unconsolidated affiliates	0.0	0.0	0.0
Property, plant and equipment, net	0.0	0.0	0.0
Goodwill	0.0	0.0	0.0
Intangible assets, net	0.0	0.0	0.0
Other assets	9.1	13.2	14.7
Equity investment in subsidiaries	1,112.1	808.8	833.3
Intercompany assets	1,008.9	1,013.0	1,071.5
Total assets	2,131.3	1,835.1	1,919.7
Current liabilities:
Current portion of debt	15.0	15.0	15.0
Accounts payable	0.0	0.0	0.0
Other current liabilities	8.1	16.6	11.3
Total current liabilities	23.1	31.6	26.3
Long-term debt	1,377.3	1,085.1	1,076.2
Other liabilities	0.5	3.2	4.3
Equity investment in subsidiaries	0.0	0.0	0.0
Intercompany liabilities	0.0	0.0	0.0
Total liabilities	1,400.9	1,119.9	1,106.8
Total equity—controlling interest	730.4	715.2	812.9
Noncontrolling interest	0.0	0.0	0.0
Total equity	730.4	715.2	812.9
Total liabilities and equity	2,131.3	1,835.1	1,919.7
Subsidiary Guarantors \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	7.4	2.7	7.1	8.2
Accounts receivable, net	283.7	92.4	157.8
Accounts receivable pledged	277.8	174.7	435.1
Inventories	331.9	327.8	354.3
Prepaid and other current assets	96.4	82.8	96.2
Total current assets	997.2	680.4	1,050.5
Investment in unconsolidated affiliates	65.0	100.3	94.4
Property, plant and equipment, net	382.4	392.1	375.5
Goodwill	294.0	260.4	260.4
Intangible assets, net	641.8	596.4	599.2
Other assets	109.8	103.8	115.0
Equity investment in subsidiaries	0.0	0.0	0.0
Intercompany assets	3.1	0.0	0.0
Total assets	2,493.3	2,133.4	2,495.0
Current liabilities:
Current portion of debt	265.8	154.2	364.0
Accounts payable	134.8	108.8	176.9
Other current liabilities	214.4	143.6	241.6
Total current liabilities	615.0	406.6	782.5
Long-term debt	642.8	575.7	501.2
Other liabilities	265.8	268.7	277.9
Equity investment in subsidiaries	90.1	161.0	149.7
Intercompany liabilities	0.0	147.2	197.1
Total liabilities	1,613.7	1,559.2	1,908.4
Total equity—controlling interest	879.6	574.2	586.6
Noncontrolling interest	0.0	0.0	0.0
Total equity	879.6	574.2	586.6
Total liabilities and equity	2,493.3	2,133.4	2,495.0
Non-Guarantors \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	111.7	47.4	70.1	$ 63.2
Accounts receivable, net	190.6	104.0	201.9
Accounts receivable pledged	0.0	0.0	0.0
Inventories	134.7	120.4	115.6
Prepaid and other current assets	48.9	39.4	42.8
Total current assets	485.9	311.2	430.4
Investment in unconsolidated affiliates	0.7	0.7	0.0
Property, plant and equipment, net	78.4	78.7	74.1
Goodwill	103.1	101.2	74.0
Intangible assets, net	155.6	144.3	140.8
Other assets	2.6	0.7	15.3
Equity investment in subsidiaries	0.0	0.0	0.0
Intercompany assets	0.0	0.0	0.0
Total assets	826.3	636.8	734.6
Current liabilities:
Current portion of debt	23.3	30.8	18.5
Accounts payable	89.2	57.1	72.6
Other current liabilities	104.9	82.0	106.3
Total current liabilities	217.4	169.9	197.4
Long-term debt	135.8	117.2	191.5
Other liabilities	73.2	76.0	30.6
Equity investment in subsidiaries	0.0	0.0	0.0
Intercompany liabilities	244.4	187.1	204.9
Total liabilities	670.8	550.2	624.4
Total equity—controlling interest	155.5	86.6	110.2
Noncontrolling interest	0.0	0.0	0.0
Total equity	155.5	86.6	110.2
Total liabilities and equity	$ 826.3	$ 636.8	$ 734.6

CONTINGENCIES (Details) $ in Millions	Jul. 01, 2017 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental actions	$ 5.0