0001546380-22-000025 | 10-Q | XBRL Viewer

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DISCONTINUED OPERATIONS	9 Months Ended
DISCONTINUED OPERATIONS	Jul. 02, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONSInternational BusinessPrior to August 31, 2017, the Company operated consumer lawn and garden businesses located in Australia, Austria, Belgium, Luxembourg, Czech Republic, France, Germany, Poland and the United Kingdom (the “International Business”). On August 31, 2017, the Company completed the sale of the International Business. As a result, effective in its fourth quarter of fiscal 2017, the Company classified its results of operations for all periods presented to reflect the International Business as a discontinued operation. The transaction included contingent consideration with a maximum payout of $23.8 and an initial fair value of $18.2, the payment of which depended on the achievement of certain performance criteria by the International Business following the closing of the transaction through fiscal 2020. During the third quarter of fiscal 2021, the Company agreed to accept a contingent consideration payout of $6.0 and recorded a pre-tax charge of $12.2 in the “Income (loss) from discontinued operations, net of tax” line in the Condensed Consolidated Statements of Operations during the third quarter of fiscal 2021 to write down the contingent consideration receivable to the agreed upon payout amount. During the three months ended April 2, 2022, the Company received the contingent consideration payment and this amount was classified as a financing activity in the “Other financing, net” line in the Condensed Consolidated Statements of Cash Flows.

MARKETING AGREEMENT - Additional Information (Details) $ in Millions	Aug. 01, 2019 USD ($)
Restated Marketing Agreement
Marketing Agreement [Line Items]
Percentage of program earnings	50.00%
Annual payments	$ 18.0
Third Restated Agreement
Marketing Agreement [Line Items]
Minimum annual EBIT required to avoid reduction of contribution payment	36.0
Minimum EBIT	50.0
Brand decommissioning event payable	375.0
Termination fee payable	$ 175.0
Minimum termination fee payable multiple	4
Minimum termination fee payable threshold	$ 186.4

EQUITY

9 Months Ended

Jul. 02, 2022

Equity [Abstract]

EQUITY

The following tables provide a summary of the changes in total equity, equity attributable to controlling interest, and equity attributable to noncontrolling interests for each of the periods indicated:


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity - Controlling Interest		Noncontrolling Interest		Total Equity
Balance at September 30, 2021	$	477.0	$	1,605.1	$	(1,002.4)	$	(66.4)	$	1,013.3	$	—	$	1,013.3

Net income (loss)	—		(50.0)		—		—		(50.0)		—		(50.0)
Other comprehensive income (loss)	—		—		—		5.7		5.7		—		5.7
Share-based compensation	7.3		—		—		—		7.3		—		7.3
Dividends declared ($0.66 per share)	—		(37.3)		—		—		(37.3)		—		(37.3)
Treasury share purchases	—		—		(129.5)		—		(129.5)		—		(129.5)
Treasury share issuances	2.6		—		19.5		—		22.1		—		22.1



Balance at January 1, 2022	$	486.9	$	1,517.8	$	(1,112.4)	$	(60.7)	$	831.6	$	—	$	831.6

Net income (loss)	—		276.5		—		—		276.5		—		276.5
Other comprehensive income (loss)	—		—		—		12.3		12.3		—		12.3
Share-based compensation	15.9		—		—		—		15.9		—		15.9
Dividends declared ($0.66 per share)	—		(35.5)		—		—		(35.5)		—		(35.5)
Treasury share purchases	—		—		(128.1)		—		(128.1)		—		(128.1)
Treasury share issuances	(141.0)		—		143.3		—		2.3		—		2.3

Balance at April 2, 2022	$	361.8	$	1,758.8	$	(1,097.2)	$	(48.4)	$	975.0	$	—	$	975.0
Net income (loss)	—		(443.9)		—		—		(443.9)		—		(443.9)
Other comprehensive income (loss)	—		—		—		(76.3)		(76.3)		—		(76.3)
Share-based compensation	1.6		—		—		—		1.6		—		1.6
Dividends declared ($0.66 per share)	—		(38.0)		—		—		(38.0)		—		(38.0)
Treasury share purchases	—		—		(0.1)		—		(0.1)		—		(0.1)
Treasury share issuances	(1.4)		—		1.2		—		(0.2)		—		(0.2)

Balance at July 2, 2022	$	362.0	$	1,276.9	$	(1,096.1)	$	(124.7)	$	418.1	$	—	$	418.1

The sum of the components may not equal due to rounding.


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity - Controlling Interest		Noncontrolling Interest		Total Equity
Balance at September 30, 2020	$	482.5	$	1,235.6	$	(921.8)	$	(99.1)	$	697.2	$	5.7	$	702.9

Net income (loss)	—		24.4		—		—		24.4		0.8		25.2
Other comprehensive income (loss)	—		—		—		15.6		15.6		—		15.6
Share-based compensation	8.2		—		—		—		8.2		—		8.2
Dividends declared ($0.62 per share)	—		(35.7)		—		—		(35.7)		—		(35.7)
Treasury share purchases	—		—		(38.4)		—		(38.4)		—		(38.4)
Treasury share issuances	(0.1)		—		1.3		—		1.2		—		1.2



Balance at January 2, 2021	$	490.5	$	1,224.4	$	(958.8)	$	(83.5)	$	672.6	$	6.4	$	679.0
Net income (loss)	—		310.0		—		—		310.0		0.2		310.2
Other comprehensive income (loss)	—		—		—		5.5		5.5		—		5.5
Share-based compensation	17.7		—		—		—		17.7		—		17.7
Dividends declared ($0.62 per share)	—		(34.2)		—		—		(34.2)		—		(34.2)
Treasury share purchases	—		—		(23.8)		—		(23.8)		—		(23.8)
Treasury share issuances	(21.7)		—		28.3		—		6.6		—		6.6
Acquisition of noncontrolling interests	(13.4)		—		—		—		(13.4)		(6.7)		(20.1)
Balance at April 3, 2021	$	473.0	$	1,500.2	$	(954.3)	$	(78.0)	$	940.9	$	—	$	940.9
Net income (loss)	—		225.9		—		—		225.9		—		225.9
Other comprehensive income (loss)	—		—		—		4.1		4.1		—		4.1
Share-based compensation	8.1		—		—		—		8.1		—		8.1
Dividends declared ($0.62 per share)	—		(35.1)		—		—		(35.1)		—		(35.1)
Treasury share purchases	—		—		(28.8)		—		(28.8)		—		(28.8)
Treasury share issuances	(9.7)		—		17.0		—		7.3		—		7.3
Balance at July 3, 2021	$	471.4	$	1,691.0	$	(966.1)	$	(73.9)	$	1,122.4	$	—	$	1,122.4

The sum of the components may not equal due to rounding.

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:


	Three Months Ended
	Foreign Currency Translation Adjustments		Net Unrealized Gains (Losses) On Derivative Instruments		Net Unrealized Gains (Losses) On Securities		Pension and Other Post-Retirement Benefit Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance at April 2, 2022	$	(7.3)	$	31.5	$	(2.1)	$	(70.5)	$	(48.4)
Other comprehensive income (loss) before reclassifications	(12.3)		(12.2)		(79.2)		—		(103.7)
Amounts reclassified from accumulated other comprehensive net income (loss)	—		1.9		—		4.9		6.8
Income tax benefit (expense)	—		2.7		19.2		(1.3)		20.6
Net current period other comprehensive income (loss)	(12.3)		(7.6)		(60.0)		3.6		(76.3)
Balance at July 2, 2022	$	(19.6)	$	23.9	$	(62.1)	$	(67.0)	$	(124.7)

Balance at April 3, 2021	$	1.9	$	(1.3)	$	—	$	(78.6)	$	(78.0)
Other comprehensive income (loss) before reclassifications	2.4		2.2		—		—		4.6
Amounts reclassified from accumulated other comprehensive net income (loss)	—		0.7		—		(0.5)		0.2
Income tax benefit (expense)	—		(0.8)		—		0.1		(0.7)
Net current period other comprehensive income (loss)	2.4		2.1		—		(0.4)		4.1
Balance at July 3, 2021	$	4.3	$	0.8	$	—	$	(79.0)	$	(73.9)

The sum of the components may not equal due to rounding.


	Nine Months Ended
	Foreign Currency Translation Adjustments		Net Unrealized Gains (Losses) On Derivative Instruments		Net Unrealized Gains (Losses) On Securities		Pension and Other Post-Retirement Benefit Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2021	$	(1.7)	$	10.2	$	(2.3)	$	(72.5)	$	(66.4)
Other comprehensive income (loss) before reclassifications	(17.9)		22.7		(78.9)		—		(74.1)
Amounts reclassified from accumulated other comprehensive net income (loss)	—		(4.1)		—		7.6		3.5
Income tax benefit (expense)	—		(4.8)		19.1		(2.0)		12.3
Net current period other comprehensive income (loss)	(17.9)		13.8		(59.8)		5.6		(58.3)
Balance at July 2, 2022	$	(19.6)	$	23.9	$	(62.1)	$	(67.0)	$	(124.7)

Balance at September 30, 2020	$	(6.2)	$	(15.1)	$	—	$	(77.8)	$	(99.1)
Other comprehensive income (loss) before reclassifications	10.5		15.5		—		—		26.0
Amounts reclassified from accumulated other comprehensive net income (loss)	—		5.9		—		(1.6)		4.3
Income tax benefit (expense)	—		(5.5)		—		0.4		(5.1)
Net current period other comprehensive income (loss)	10.5		15.9		—		(1.2)		25.2
Balance at July 3, 2021	$	4.3	$	0.8	$	—	$	(79.0)	$	(73.9)

The sum of the components may not equal due to rounding.

Dividends

On July 27, 2020, the Scotts Miracle-Gro Board of Directors approved an increase in Scotts Miracle-Gro’s quarterly cash dividend from $0.58 to $0.62 per Common Share, which was first paid in the fourth quarter of fiscal 2020. On July 30, 2021, the Scotts Miracle-Gro Board of Directors approved an increase in Scotts Miracle-Gro’s quarterly cash dividend from $0.62 to $0.66 per Common Share, which was first paid in the fourth quarter of fiscal 2021.

Share Repurchases

On February 6, 2020, Scotts Miracle-Gro announced that its Board of Directors authorized the repurchase of up to $750.0 of Common Shares from April 30, 2020 through March 25, 2023. 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 may be suspended or discontinued by the Board of Directors 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 2, 2022, Scotts Miracle-Gro repurchased 0.0 million and 1.1 million Common Shares under this share repurchase authorization for $0.0 and $175.0, respectively. During the three and nine months ended July 3, 2021, Scotts Miracle-Gro repurchased 0.1 million and 0.4 million Common Shares under this share repurchase authorization for $25.0 and $75.6, respectively. Treasury share purchases also include cash paid to tax authorities to satisfy statutory income tax withholding obligations related to share-based compensation of $0.1 and $82.7 for the three and nine months ended July 2, 2022, respectively, and $3.8 and $15.5 for the three and nine months ended July 3, 2021, respectively.

Share-Based Awards

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


	Nine Months Ended
	July 2, 2022		July 3, 2021
Employees
Options	—		183,553
Restricted stock units	144,814		69,758
Performance units	105,756		1,903
Non-Employee Directors
Restricted and deferred stock units	19,701		8,518
Total share-based awards	270,271		263,732

Aggregate fair value at grant dates	$	35.9	$	29.9

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


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Share-based compensation	$	1.6	$	8.1	$	24.8	$	34.0
Related tax benefit recognized	0.3		2.1		3.8		6.0

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

ACQUISITIONS AND INVESTMENTS - Rhizoflora (Details) - USD ($) $ in Millions	Aug. 13, 2021	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Business Acquisition [Line Items]
Goodwill		$ 254.7	$ 605.2	$ 547.1
Hawthorne
Business Acquisition [Line Items]
Goodwill		$ 0.0	$ 350.2
Rhizoflora, Inc. \| Hawthorne
Business Acquisition [Line Items]
Consideration for the acquisition	$ 33.7
Inventory acquired	0.6
Finite-lived intangible assets acquired	10.9
Goodwill	$ 22.2
Rhizoflora, Inc. \| Hawthorne \| Minimum
Business Acquisition [Line Items]
Intangible assets amortization period	5 years
Rhizoflora, Inc. \| Hawthorne \| Maximum
Business Acquisition [Line Items]
Intangible assets amortization period	25 years

DEBT - Interest Rate Swap Agreements (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Instrument 1
Derivative [Line Items]
Derivative, notional amount	$ 100.0
Fixed Rate	1.36%
Instrument 2
Derivative [Line Items]
Derivative, notional amount	$ 300.0
Fixed Rate	1.34%
Instrument 3
Derivative [Line Items]
Derivative, notional amount	$ 200.0
Fixed Rate	1.37%
Instrument 4
Derivative [Line Items]
Derivative, notional amount	$ 200.0
Fixed Rate	0.58%
Instrument 5
Derivative [Line Items]
Derivative, notional amount	$ 200.0
Fixed Rate	0.85%
Derivatives designated as hedging instruments \| Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 800.0	$ 600.0	$ 700.0

LEASES - Components of Lease Cost Schedule (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Leases [Abstract]
Operating lease cost	$ 21.4	$ 18.8	$ 63.8	$ 50.3
Variable lease cost	9.5	8.8	30.4	24.0
Amortization of right-of-use assets	1.6	1.5	4.8	4.5
Interest on lease liabilities	0.3	0.3	0.9	1.0
Total finance lease cost	1.9	1.8	5.7	5.5
Operating lease amortization of ROU assets	$ 18.5	$ 16.7	$ 55.4	$ 44.6

EQUITY - Summary of the Changes in Equity (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended						9 Months Ended
	Jul. 30, 2021	Jul. 27, 2020	Jul. 30, 2019	Jul. 02, 2022	Apr. 02, 2022	Jan. 01, 2022	Jul. 03, 2021	Apr. 03, 2021	Jan. 02, 2021	Jul. 02, 2022	Jul. 03, 2021
Schedule of Equity Method Investments [Line Items]
Dividends declared (USD per share)	$ 0.66	$ 0.62	$ 0.58	$ 0.66	$ 0.66	$ 0.66	$ 0.62	$ 0.62	$ 0.62
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity, beginning balance				$ 975.0	$ 831.6	$ 1,013.3	$ 940.9	$ 679.0	$ 702.9	$ 1,013.3	$ 702.9
Net income (loss)				(443.9)	276.5	(50.0)	225.9	310.2	25.2	(217.5)	561.3
Other comprehensive income (loss)				(76.3)	12.3	5.7	4.1	5.5	15.6	(58.3)	25.2
Other comprehensive income (loss)				(76.3)			4.1			(58.3)	25.2
Share-based compensation				1.6	15.9	7.3	8.1	17.7	8.2
Dividends declared				(38.0)	(35.5)	(37.3)	(35.1)	(34.2)	(35.7)
Treasury share purchases				(0.1)	(128.1)	(129.5)	(28.8)	(23.8)	(38.4)
Treasury share issuances				(0.2)	2.3	22.1	7.3	6.6	1.2
Acquisition of noncontrolling interests								(20.1)
Total equity, ending balance				418.1	975.0	831.6	1,122.4	940.9	679.0	418.1	1,122.4
Common Shares and Capital in Excess of Stated Value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				361.8	486.9	477.0	473.0	490.5	482.5	477.0	482.5
Share-based compensation				1.6	15.9	7.3	8.1	17.7	8.2
Treasury share issuances				(1.4)	(141.0)	2.6	(9.7)	(21.7)	(0.1)
Acquisition of noncontrolling interests								(13.4)
Equity ending balance				362.0	361.8	486.9	471.4	473.0	490.5	362.0	471.4
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				1,758.8	1,517.8	1,605.1	1,500.2	1,224.4	1,235.6	1,605.1	1,235.6
Net income (loss)				(443.9)	276.5	(50.0)	225.9	310.0	24.4
Dividends declared				(38.0)	(35.5)	(37.3)	(35.1)	(34.2)	(35.7)
Equity ending balance				1,276.9	1,758.8	1,517.8	1,691.0	1,500.2	1,224.4	1,276.9	1,691.0
Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				(1,097.2)	(1,112.4)	(1,002.4)	(954.3)	(958.8)	(921.8)	(1,002.4)	(921.8)
Treasury share purchases				(0.1)	(128.1)	(129.5)	(28.8)	(23.8)	(38.4)
Treasury share issuances				1.2	143.3	19.5	17.0	28.3	1.3
Equity ending balance				(1,096.1)	(1,097.2)	(1,112.4)	(966.1)	(954.3)	(958.8)	(1,096.1)	(966.1)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				(48.4)	(60.7)	(66.4)	(78.0)	(83.5)	(99.1)	(66.4)	(99.1)
Other comprehensive income (loss)					12.3	5.7		5.5	15.6
Other comprehensive income (loss)				(76.3)			4.1
Equity ending balance				(124.7)	(48.4)	(60.7)	(73.9)	(78.0)	(83.5)	(124.7)	(73.9)
Total Equity - Controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				975.0	831.6	1,013.3	940.9	672.6	697.2	1,013.3	697.2
Net income (loss)				(443.9)	276.5	(50.0)	225.9	310.0	24.4
Other comprehensive income (loss)					12.3	5.7		5.5	15.6
Other comprehensive income (loss)				(76.3)			4.1
Share-based compensation				1.6	15.9	7.3	8.1	17.7	8.2
Dividends declared				(38.0)	(35.5)	(37.3)	(35.1)	(34.2)	(35.7)
Treasury share purchases				(0.1)	(128.1)	(129.5)	(28.8)	(23.8)	(38.4)
Treasury share issuances				(0.2)	2.3	22.1	7.3	6.6	1.2
Acquisition of noncontrolling interests								(13.4)
Equity ending balance				418.1	975.0	831.6	1,122.4	940.9	672.6	418.1	1,122.4
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling interest, beginning balance				0.0	0.0	0.0	0.0	6.4	5.7	0.0	5.7
Net income (loss)					0.0			0.2	0.8
Acquisition of noncontrolling interests								(6.7)
Noncontrolling interest, ending balance				$ 0.0	$ 0.0	$ 0.0	$ 0.0	$ 0.0	$ 6.4	$ 0.0	$ 0.0

SEGMENT INFORMATION - Net Sales, Profit (Loss), and Assets by Segment (Details) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022 USD ($)	Jul. 03, 2021 USD ($)	Jul. 02, 2022 USD ($) segment	Jul. 03, 2021 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment			3
Segment Reporting Information [Line Items]
Net sales	$ 1,186.1	$ 1,609.7	$ 3,430.4	$ 4,187.2
Impairment, restructuring and other	(658.4)	(0.5)	(660.2)	(3.7)
Equity in income of unconsolidated affiliates	15.1	21.5	1.3	20.0
Interest expense	(31.0)	(21.9)	(83.1)	(57.3)
Other non-operating income, net	1.7	1.2	5.4	17.3
Continuing Operations
Segment Reporting Information [Line Items]
Segment profit (loss)	(576.7)	302.9	(286.5)	740.2
Intangible asset amortization	(9.2)	(7.8)	(28.5)	(23.0)
Impairment, restructuring and other	(724.2)	(1.3)	(731.3)	(25.9)
Equity in income of unconsolidated affiliates	15.1	21.5	1.3	20.0
Interest expense	(31.0)	(21.9)	(83.1)	(57.3)
Other non-operating income, net	1.7	1.2	5.4	17.3
Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	196.1	343.1	645.4	923.7
Continuing Operations \| Corporate
Segment Reporting Information [Line Items]
Segment profit (loss)	(25.2)	(31.9)	(95.7)	(114.6)
U.S. Consumer
Segment Reporting Information [Line Items]
Net sales	904.5	1,046.2	2,626.7	2,828.4
U.S. Consumer \| Growing media and mulch
Segment Reporting Information [Line Items]
Net sales	488.7	573.9	1,110.7	1,196.3
U.S. Consumer \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	181.1	264.4	620.7	745.6
Hawthorne
Segment Reporting Information [Line Items]
Net sales	154.5	421.9	547.7	1,095.1
Hawthorne \| Growing environments
Segment Reporting Information [Line Items]
Net sales	27.9	78.8	116.3	200.1
Hawthorne \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	4.1	51.9	2.0	133.7
Other
Segment Reporting Information [Line Items]
Net sales	127.1	141.6	256.0	263.7
Other \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	$ 10.9	$ 26.8	$ 22.7	$ 44.4

DEBT - Weighted Average Interest Rate (Details)	Jul. 02, 2022	Jul. 03, 2021
Debt Disclosure [Abstract]
Weighted average interest rate (percentage)	3.40%	3.60%

SEGMENT INFORMATION

9 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company divides its operations into three reportable segments: U.S. Consumer, Hawthorne and Other. U.S. Consumer consists of the Company’s consumer lawn and garden business in the United States. Hawthorne consists of the Company’s indoor and hydroponic gardening business. Other primarily consists of the Company’s consumer lawn and garden business outside the United States. This identification of reportable segments is consistent with how the segments report to and are managed by the chief operating decision maker of the Company. In addition, Corporate consists of general and administrative expenses and certain other income and expense items not allocated to the reporting segments.

The performance of each reportable segment 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 Segment 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 table presents financial information for the Company’s reportable segments for the periods indicated:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Net Sales:
U.S. Consumer	$	904.5	$	1,046.2	$	2,626.7	$	2,828.4
Hawthorne	154.5		421.9		547.7		1,095.1
Other	127.1		141.6		256.0		263.7
Consolidated	$	1,186.1	$	1,609.7	$	3,430.4	$	4,187.2

Segment Profit:
U.S. Consumer	$	181.1	$	264.4	$	620.7	$	745.6
Hawthorne	4.1		51.9		2.0		133.7
Other	10.9		26.8		22.7		44.4
Total Segment Profit	196.1		343.1		645.4		923.7
Corporate	(25.2)		(31.9)		(95.7)		(114.6)
Intangible asset amortization	(9.2)		(7.8)		(28.5)		(23.0)

Impairment, restructuring and other	(724.2)		(1.3)		(731.3)		(25.9)
Equity in income of unconsolidated affiliates	15.1		21.5		1.3		20.0

Interest expense	(31.0)		(21.9)		(83.1)		(57.3)
Other non-operating income, net	1.7		1.2		5.4		17.3
Income (loss) from continuing operations before income taxes	$	(576.7)	$	302.9	$	(286.5)	$	740.2

The following table presents net sales by product category for the periods indicated:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

U.S. Consumer:
Growing media and mulch	$	488.7	$	573.9	$	1,110.7	$	1,196.3
Lawn care	219.0		224.6		878.9		920.9
Controls	102.2		115.1		298.9		319.8
Roundup® marketing agreement	30.8		46.9		115.5		128.0
Other	63.8		85.7		222.7		263.4
Hawthorne:
Lighting	37.5		126.7		128.9		350.5
Nutrients	37.6		104.5		118.6		245.7
Growing environments	27.9		78.8		116.3		200.1
Growing media	25.6		57.9		96.3		151.9
Other, primarily hardware	25.9		54.0		87.6		146.9
Other:
Growing media	45.9		57.3		88.8		102.0
Lawn care	46.6		48.5		85.8		87.7
Other, primarily gardening and controls	34.6		35.8		81.4		74.0
Total net sales	$	1,186.1	$	1,609.7	$	3,430.4	$	4,187.2

The following table presents net sales by geographic area for the periods indicated:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Net sales:
United States	$	1,051.0	$	1,446.9	$	3,133.2	$	3,838.6
International	135.1		162.8		297.2		348.6
	$	1,186.1	$	1,609.7	$	3,430.4	$	4,187.2

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

EQUITY - Dividends (Details) - $ / shares				3 Months Ended
EQUITY - Dividends (Details) - $ / shares	Jul. 30, 2021	Jul. 27, 2020	Jul. 30, 2019	Jul. 02, 2022	Apr. 02, 2022	Jan. 01, 2022	Jul. 03, 2021	Apr. 03, 2021	Jan. 02, 2021
Equity [Abstract]
Dividends declared (USD per share)	$ 0.66	$ 0.62	$ 0.58	$ 0.66	$ 0.66	$ 0.66	$ 0.62	$ 0.62	$ 0.62

INVENTORIES (Tables)

9 Months Ended

Jul. 02, 2022

Inventory Disclosure [Abstract]

Summary of Inventories

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


	July 2, 2022		July 3, 2021		September 30, 2021

Finished goods	$	988.0	$	665.8	$	793.7
Raw materials	310.4		220.1		242.8
Work-in-process	109.2		76.9		90.1
Total inventories	$	1,407.6	$	962.8	$	1,126.6

EQUITY - Total Share-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Equity [Abstract]
Share-based compensation	$ 1.6	$ 8.1	$ 24.8	$ 34.0
Related tax benefit recognized	$ 0.3	$ 2.1	$ 3.8	$ 6.0

LEASES - Weighted-Average Remaining Lease Term and Discount Rate Schedule (Details)	Jul. 02, 2022
Leases [Abstract]
Operating leases, weighted average remaining term (in years)	5 years 1 month 6 days
Finance leases, weighted average remaining term (in years)	7 years 6 months
Operating leases, weighted average discount rate (percent)	3.30%
Finance leases, weighted average discount rate (percent)	4.30%

LEASES - Supplemental Balance Sheet Information Schedule (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Leases [Abstract]
Operating lease right-of-use-assets	$ 280.1	$ 293.0	$ 212.7
Operating lease current lease liabilities	71.8	66.4	62.3
Operating lease non-current lease liabilities	217.7	234.4	157.7
Total operating lease liabilities	289.5	300.8	220.0
Finance lease right-of-use assets	26.9	31.3	32.6
Finance lease current lease liabilities	6.1	5.9	5.8
Finance lease non-current lease liabilities	23.2	27.5	28.7
Total finance lease liabilities	$ 29.3	$ 33.4	$ 34.5

INCOME TAXES (Details) $ in Millions	3 Months Ended		9 Months Ended
INCOME TAXES (Details) $ in Millions	Jul. 02, 2022 USD ($)	Jul. 03, 2021 USD ($)	Jul. 02, 2022 USD ($)	Jul. 03, 2021 USD ($)	Sep. 30, 2021 USD ($)
Income Tax Examination [Line Items]
Effective tax rate related to continuing operations			24.10%	23.50%
Goodwill and intangible asset impairments	$ 633.1	$ 0.0	$ 633.1	$ 0.0
Income tax expense (benefit)	$ 132.8	(73.1)	$ 69.0	(174.2)
Discrete item, increase (decrease), bps	(640)		(640)
Impairment, Restructuring, And Other
Income Tax Examination [Line Items]
Income tax expense (benefit)	$ (138.0)		$ (138.0)
Goodwill, non-deductible impact	18.5		18.5
Impairment, Restructuring, And Other \| Hawthorne
Income Tax Examination [Line Items]
Goodwill and intangible asset impairments	632.4		632.4
Other assets
Income Tax Examination [Line Items]
Deferred tax assets, net	$ 114.9		$ 114.9
Other liabilities
Income Tax Examination [Line Items]
Deferred income tax liabilities, net		$ (32.9)		$ (32.9)	$ (47.8)

ACQUISITIONS AND INVESTMENTS - True Liberty Bags (Details) - USD ($) $ in Millions	Dec. 23, 2021	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Business Acquisition [Line Items]
Goodwill		$ 254.7	$ 605.2	$ 547.1
Hawthorne
Business Acquisition [Line Items]
Goodwill		$ 0.0	$ 350.2
Hawthorne \| True Liberty Bags
Business Acquisition [Line Items]
Consideration for the acquisition	$ 10.1
Inventory and accounts receivable acquired	1.1
Finite-lived intangible assets acquired	5.8
Goodwill	$ 3.2
Hawthorne \| True Liberty Bags \| Minimum
Business Acquisition [Line Items]
Intangible assets amortization period	15 years

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Jul. 02, 2022

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

The Scotts Miracle-Gro Company (“Scotts Miracle-Gro”) and its subsidiaries (collectively, together with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of products for lawn and garden care and indoor and hydroponic gardening. The Company’s products are sold in North America, Europe and Asia.

The Company’s North America consumer lawn and garden business is highly seasonal, with more than 75% of its annual net sales occurring in the second and third fiscal quarters.

Organization and Basis of Presentation

The Company’s unaudited condensed consolidated financial statements for the three and nine months ended July 2, 2022 and July 3, 2021 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. On February 26, 2021, the Company acquired the remaining outstanding shares of AeroGrow International, Inc. (“AeroGrow”). Prior to this date, the equity owned by other shareholders was shown as noncontrolling interest in the Condensed Consolidated Balance Sheets, and the other shareholders’ portion of net earnings and other comprehensive income was 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. The results of businesses acquired or disposed of are included in the condensed consolidated financial statements from the date of each acquisition or up to the date of disposal, 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 Quarterly Report on Form 10-Q for the fiscal quarter ended July 2, 2022 (this “Form 10-Q”) should be read in conjunction with Scotts Miracle-Gro’s Annual Report on Form 10-K for the fiscal year ended September 30, 2021 (the “2021 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, 2021 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.

Long-Lived Assets

The Company had non-cash investing activities of $13.3 and $13.8 during the nine months ended July 2, 2022 and July 3, 2021, respectively, representing unpaid liabilities to acquire property, plant and equipment.

Statements of Cash Flows

Supplemental cash flow information was as follows:


	Nine Months Ended
	July 2, 2022		July 3, 2021

Interest paid	$	87.8	$	56.6

Income tax payments	26.9		165.9

Recently Adopted Accounting Pronouncements

In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update No. 2019-12, “Income taxes (Topic 740): Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Accounting Standards Codification 740 and also clarifies and amends existing guidance to improve consistent application. The Company adopted this guidance on October 1, 2021. The

adoption of this guidance did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jul. 02, 2022
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Scotts Miracle-Gro Company (“Scotts Miracle-Gro”) and its subsidiaries (collectively, together with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of products for lawn and garden care and indoor and hydroponic gardening. The Company’s products are sold in North America, Europe and Asia. The Company’s North America consumer lawn and garden business is highly seasonal, with more than 75% of its annual net sales occurring in the second and third fiscal quarters.
Organization and Basis of Presentation	Organization and Basis of Presentation The Company’s unaudited condensed consolidated financial statements for the three and nine months ended July 2, 2022 and July 3, 2021 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. On February 26, 2021, the Company acquired the remaining outstanding shares of AeroGrow International, Inc. (“AeroGrow”). Prior to this date, the equity owned by other shareholders was shown as noncontrolling interest in the Condensed Consolidated Balance Sheets, and the other shareholders’ portion of net earnings and other comprehensive income was 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. The results of businesses acquired or disposed of are included in the condensed consolidated financial statements from the date of each acquisition or up to the date of disposal, 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 Quarterly Report on Form 10-Q for the fiscal quarter ended July 2, 2022 (this “Form 10-Q”) should be read in conjunction with Scotts Miracle-Gro’s Annual Report on Form 10-K for the fiscal year ended September 30, 2021 (the “2021 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, 2021 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.
Recently Adopted & Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update No. 2019-12, “Income taxes (Topic 740): Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Accounting Standards Codification 740 and also clarifies and amends existing guidance to improve consistent application. The Company adopted this guidance on October 1, 2021. The adoption of this guidance did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows.
Long-Lived Assets	Long-Lived Assets The Company had non-cash investing activities of $13.3 and $13.8 during the nine months ended July 2, 2022 and July 3, 2021, respectively, representing unpaid liabilities to acquire property, plant and equipment.

MARKETING AGREEMENT (Tables)

9 Months Ended

Jul. 02, 2022

Marketing Agreement [Abstract]

Schedule of Net Commission and Reimbursements Earned Under Marketing Agreement

The elements of the net commission and reimbursements earned under the Third Restated Agreement and included in the “Net sales” line in the Condensed Consolidated Statements of Operations are as follows:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Gross commission	$	20.9	$	34.7	$	73.4	$	84.9
Contribution expenses	(4.5)		(4.5)		(13.5)		(13.5)

Net commission	16.4		30.2		59.9		71.4
Reimbursements associated with Roundup® marketing agreement	14.8		17.7		56.4		58.4
Total net sales associated with Roundup® marketing agreement	$	31.2	$	47.9	$	116.3	$	129.8

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Jul. 02, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Outstanding Derivative Contracts

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

Commodity

July 2,
2022

July 3,
2021

September 30,
2021

Urea

79,500 tons

37,500 tons

94,500 tons

Diesel

4,074,000 gallons

4,746,000 gallons

5,880,000 gallons

Heating Oil

1,470,000 gallons

1,638,000 gallons

2,268,000 gallons

Schedule of the Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments, which represent Level 2 fair value measurements, were as follows:


		Assets / (Liabilities)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	July 2, 2022		July 3, 2021		September 30, 2021

Interest rate swap agreements	Prepaid and other current assets	$	8.0	$	—	$	—
	Other assets	12.3		2.8		3.3
	Other current liabilities	—		(6.5)		(5.7)
	Other liabilities	—		(3.4)		(2.5)
Commodity hedging instruments	Prepaid and other current assets	1.7		4.5		13.9
	Other current liabilities	(2.4)		—		—
Total derivatives designated as hedging instruments		$	19.6	$	(2.6)	$	9.0

Derivatives Not Designated as Hedging Instruments	Balance Sheet Location
Currency forward contracts	Prepaid and other current assets	$	3.0	$	1.4	$	3.4
	Other current liabilities	—		(0.3)		(0.2)
Commodity hedging instruments	Prepaid and other current assets	3.1		1.1		1.3

Total derivatives not designated as hedging instruments		6.1		2.2		4.5
Total derivatives		$	25.7	$	(0.4)	$	13.5

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

The effect of derivative instruments on AOCL, net of tax, and the Condensed Consolidated Statements of Operations for each of the periods presented was as follows:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain / (Loss) Recognized in AOCL
	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Interest rate swap agreements	$	1.3	$	(2.0)	$	15.7	$	3.2
Commodity hedging instruments	(10.3)		3.6		1.1		8.3
Total	$	(9.0)	$	1.6	$	16.8	$	11.5


Derivatives in Cash Flow Hedging Relationships	Reclassified from AOCL into Statement of Operations	Amount of Gain / (Loss)
		Three Months Ended				Nine Months Ended
		July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Interest rate swap agreements	Interest expense	$	(0.4)	$	(2.3)	$	(2.6)	$	(6.4)
Commodity hedging instruments	Cost of sales	(1.0)		1.8		5.6		2.0
Total		$	(1.4)	$	(0.5)	$	3.0	$	(4.4)


Derivatives Not Designated as Hedging Instruments	Recognized in Statement of Operations	Amount of Gain / (Loss)
		Three Months Ended				Nine Months Ended
		July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Currency forward contracts	Other income / expense, net	$	11.3	$	(0.3)	$	16.3	$	(7.4)
Commodity hedging instruments	Cost of sales	4.6		1.6		11.1		3.7
Total		$	15.9	$	1.3	$	27.4	$	(3.7)

SEGMENT INFORMATION (Tables)

9 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Summary of Segment Financial Information

The following table presents financial information for the Company’s reportable segments for the periods indicated:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Net Sales:
U.S. Consumer	$	904.5	$	1,046.2	$	2,626.7	$	2,828.4
Hawthorne	154.5		421.9		547.7		1,095.1
Other	127.1		141.6		256.0		263.7
Consolidated	$	1,186.1	$	1,609.7	$	3,430.4	$	4,187.2

Segment Profit:
U.S. Consumer	$	181.1	$	264.4	$	620.7	$	745.6
Hawthorne	4.1		51.9		2.0		133.7
Other	10.9		26.8		22.7		44.4
Total Segment Profit	196.1		343.1		645.4		923.7
Corporate	(25.2)		(31.9)		(95.7)		(114.6)
Intangible asset amortization	(9.2)		(7.8)		(28.5)		(23.0)

Impairment, restructuring and other	(724.2)		(1.3)		(731.3)		(25.9)
Equity in income of unconsolidated affiliates	15.1		21.5		1.3		20.0

Interest expense	(31.0)		(21.9)		(83.1)		(57.3)
Other non-operating income, net	1.7		1.2		5.4		17.3
Income (loss) from continuing operations before income taxes	$	(576.7)	$	302.9	$	(286.5)	$	740.2

The following table presents net sales by product category for the periods indicated:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

U.S. Consumer:
Growing media and mulch	$	488.7	$	573.9	$	1,110.7	$	1,196.3
Lawn care	219.0		224.6		878.9		920.9
Controls	102.2		115.1		298.9		319.8
Roundup® marketing agreement	30.8		46.9		115.5		128.0
Other	63.8		85.7		222.7		263.4
Hawthorne:
Lighting	37.5		126.7		128.9		350.5
Nutrients	37.6		104.5		118.6		245.7
Growing environments	27.9		78.8		116.3		200.1
Growing media	25.6		57.9		96.3		151.9
Other, primarily hardware	25.9		54.0		87.6		146.9
Other:
Growing media	45.9		57.3		88.8		102.0
Lawn care	46.6		48.5		85.8		87.7
Other, primarily gardening and controls	34.6		35.8		81.4		74.0
Total net sales	$	1,186.1	$	1,609.7	$	3,430.4	$	4,187.2

The following table presents net sales by geographic area for the periods indicated:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Net sales:
United States	$	1,051.0	$	1,446.9	$	3,133.2	$	3,838.6
International	135.1		162.8		297.2		348.6
	$	1,186.1	$	1,609.7	$	3,430.4	$	4,187.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Jul. 02, 2022

Accounting Policies [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information was as follows:


	Nine Months Ended
	July 2, 2022		July 3, 2021

Interest paid	$	87.8	$	56.6

Income tax payments	26.9		165.9

FAIR VALUE MEASUREMENTS - Summary of Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Aug. 13, 2021	Jul. 03, 2021	Mar. 17, 2021	Oct. 22, 2019	Dec. 15, 2016
Senior notes \| 4.000% Senior Notes
Liabilities
Interest rate of debt (percentage)	4.00%	4.00%		4.00%	4.00%
Senior notes \| 4.375% Senior Notes
Liabilities
Interest rate of debt (percentage)	4.375%	4.375%	4.375%	4.375%
Senior notes \| 4.500% Senior Notes
Liabilities
Interest rate of debt (percentage)	4.50%	4.50%		4.50%		4.50%
Senior notes \| 5.250% Senior Notes
Liabilities
Interest rate of debt (percentage)	5.25%	5.25%		5.25%			5.25%
Carrying Amount \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring
Assets
Cash equivalents	$ 13.4	$ 222.5		$ 3.2
Carrying Amount \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring \| Investment securities in non-qualified retirement plan assets
Assets
Other	40.3	45.0		46.5
Carrying Amount \| Fair value, inputs, level 3 \| Fair Value, Measurements, Recurring \| Convertible debt investments
Assets
Other	139.1	190.3		0.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Revolving loans
Liabilities
Debt instruments	617.4	0.0		278.8
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Term loans
Liabilities
Debt instruments	987.5	670.0		680.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.000% Senior Notes
Liabilities
Debt instruments	500.0	500.0		500.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.375% Senior Notes
Liabilities
Debt instruments	400.0	400.0		0.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.500% Senior Notes
Liabilities
Debt instruments	450.0	450.0		450.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 5.250% Senior Notes
Liabilities
Debt instruments	250.0	250.0		250.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Receivables facility
Liabilities
Debt instruments	250.0	0.0		0.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Other debt
Liabilities
Debt instruments	15.9	11.9		7.9
Estimated Fair Value \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring
Assets
Cash equivalents	13.4	222.5		3.2
Estimated Fair Value \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring \| Investment securities in non-qualified retirement plan assets
Assets
Other	40.3	45.0		46.5
Estimated Fair Value \| Fair value, inputs, level 3 \| Fair Value, Measurements, Recurring \| Convertible debt investments
Assets
Other	139.1	190.3		0.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Revolving loans
Liabilities
Debt instruments	617.4	0.0		278.8
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Term loans
Liabilities
Debt instruments	987.5	670.0		680.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.000% Senior Notes
Liabilities
Debt instruments	373.1	498.8		498.8
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.375% Senior Notes
Liabilities
Debt instruments	302.0	402.0		0.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.500% Senior Notes
Liabilities
Debt instruments	365.1	466.9		468.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 5.250% Senior Notes
Liabilities
Debt instruments	232.5	258.1		260.6
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Receivables facility
Liabilities
Debt instruments	250.0	0.0		0.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Other debt
Liabilities
Debt instruments	$ 15.9	$ 11.9		$ 7.9

EQUITY - Share-based Awards Granted (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	270,271	263,732
Aggregate fair value at grant dates	$ 35.9	$ 29.9
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)	0	183,553
Employees \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	144,814	69,758
Employees \| Performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	105,756	1,903
Non-Employee Directors \| Restricted and deferred stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	19,701	8,518

LEASES

9 Months Ended

Jul. 02, 2022

Leases [Abstract]

LEASES

The Company leases certain property and equipment from third parties under various non-cancelable lease agreements, including industrial, commercial and office properties and equipment that support the management, manufacturing, distribution and research and development of products marketed and sold by the Company. The lease agreements generally require that the Company pay taxes, insurance and maintenance expenses related to the leased assets. At July 2, 2022, the Company had entered into operating leases that were yet to commence with a combined total expected lease liability of $54.6. From time to time, the Company will sublease portions of its facilities, resulting in sublease income. Sublease income and the related cash flows were not material to the condensed consolidated financial statements for the three and nine months ended July 2, 2022 and July 3, 2021.

The Company leases certain vehicles (primarily cars and light trucks) under agreements that are cancellable after the first year, but typically continue on a month-to-month basis until canceled by the Company. The vehicle leases and certain other non-cancelable operating leases contain residual value guarantees that create a contingent obligation on the part of the Company to compensate the lessor if the leased asset cannot be sold for an amount in excess of a specified minimum value at the

conclusion of the lease term. If all such vehicle leases had been canceled as of July 2, 2022, the Company’s residual value guarantee would have approximated $5.0.

Supplemental balance sheet information related to the Company’s leases was as follows:


	Balance Sheet Location	July 2, 2022		July 3, 2021		September 30, 2021

Operating leases:
Right-of-use assets	Other assets	$	280.1	$	212.7	$	293.0

Current lease liabilities	Other current liabilities	71.8		62.3		66.4
Non-current lease liabilities	Other liabilities	217.7		157.7		234.4
Total operating lease liabilities		$	289.5	$	220.0	$	300.8

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	26.9	$	32.6	$	31.3

Current lease liabilities	Current portion of debt	6.1		5.8		5.9
Non-current lease liabilities	Long-term debt	23.2		28.7		27.5
Total finance lease liabilities		$	29.3	$	34.5	$	33.4

Components of lease cost were as follows:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Operating lease cost (a)	$	21.4	$	18.8	$	63.8	$	50.3
Variable lease cost	9.5		8.8		30.4		24.0


Finance lease cost
Amortization of right-of-use assets	1.6		1.5		4.8		4.5
Interest on lease liabilities	0.3		0.3		0.9		1.0
Total finance lease cost	$	1.9	$	1.8	$	5.7	$	5.5

(a)Operating lease cost includes amortization of right-of-use assets of $18.5 and $55.4 for the three and nine months ended July 2, 2022, respectively, and $16.7 and $44.6 for the three and nine months ended July 3, 2021, respectively. Short-term lease expense is excluded from operating lease cost and is not material.

Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:


	Nine Months Ended
		July 2, 2022		July 3, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	62.3	$	47.6
Operating cash flows from finance leases		0.9		1.0
Financing cash flows from finance leases		4.4		3.9

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	45.0	$	100.1
Finance leases		0.4		2.3

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	July 2, 2022
Weighted-average remaining lease term (in years):
Operating leases	5.1
Finance leases	7.5

Weighted-average discount rate:
Operating leases	3.3	%
Finance leases	4.3	%

Maturities of lease liabilities by fiscal year for the Company’s leases as of July 2, 2022 were as follows:


Year	Operating Leases		Finance Leases
2022 (remainder of the year)	$	21.1	$	1.8
2023	77.2		7.2
2024	69.0		7.2
2025	53.9		3.0
2026	36.9		1.9
Thereafter	56.2		13.6
Total lease payments	314.3		34.7
Less: Imputed interest	(24.8)		(5.4)
Total lease liabilities	$	289.5	$	29.3

LEASES

conclusion of the lease term. If all such vehicle leases had been canceled as of July 2, 2022, the Company’s residual value guarantee would have approximated $5.0.

Supplemental balance sheet information related to the Company’s leases was as follows:


	Balance Sheet Location	July 2, 2022		July 3, 2021		September 30, 2021

Operating leases:
Right-of-use assets	Other assets	$	280.1	$	212.7	$	293.0

Current lease liabilities	Other current liabilities	71.8		62.3		66.4
Non-current lease liabilities	Other liabilities	217.7		157.7		234.4
Total operating lease liabilities		$	289.5	$	220.0	$	300.8

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	26.9	$	32.6	$	31.3

Current lease liabilities	Current portion of debt	6.1		5.8		5.9
Non-current lease liabilities	Long-term debt	23.2		28.7		27.5
Total finance lease liabilities		$	29.3	$	34.5	$	33.4

Components of lease cost were as follows:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Operating lease cost (a)	$	21.4	$	18.8	$	63.8	$	50.3
Variable lease cost	9.5		8.8		30.4		24.0


Finance lease cost
Amortization of right-of-use assets	1.6		1.5		4.8		4.5
Interest on lease liabilities	0.3		0.3		0.9		1.0
Total finance lease cost	$	1.9	$	1.8	$	5.7	$	5.5

Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:


	Nine Months Ended
		July 2, 2022		July 3, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	62.3	$	47.6
Operating cash flows from finance leases		0.9		1.0
Financing cash flows from finance leases		4.4		3.9

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	45.0	$	100.1
Finance leases		0.4		2.3

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	July 2, 2022
Weighted-average remaining lease term (in years):
Operating leases	5.1
Finance leases	7.5

Weighted-average discount rate:
Operating leases	3.3	%
Finance leases	4.3	%

Maturities of lease liabilities by fiscal year for the Company’s leases as of July 2, 2022 were as follows:


Year	Operating Leases		Finance Leases
2022 (remainder of the year)	$	21.1	$	1.8
2023	77.2		7.2
2024	69.0		7.2
2025	53.9		3.0
2026	36.9		1.9
Thereafter	56.2		13.6
Total lease payments	314.3		34.7
Less: Imputed interest	(24.8)		(5.4)
Total lease liabilities	$	289.5	$	29.3

ACQUISITIONS AND INVESTMENTS - Cyco (Details) - USD ($) $ in Millions	Apr. 28, 2022	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Business Acquisition [Line Items]
Goodwill		$ 254.7	$ 605.2	$ 547.1
Hawthorne
Business Acquisition [Line Items]
Goodwill		$ 0.0	$ 350.2
Cyco
Business Acquisition [Line Items]
Contingent consideration, maximum payout	$ 10.0
Cyco \| Hawthorne
Business Acquisition [Line Items]
Consideration for the acquisition	37.4
Contingent consideration, liability	3.1
Inventory and other current assets	1.3
Finite-lived intangible assets acquired	10.5
Goodwill	$ 25.6
Cyco \| Hawthorne \| Minimum
Business Acquisition [Line Items]
Intangible assets amortization period	5 years
Cyco \| Hawthorne \| Maximum
Business Acquisition [Line Items]
Intangible assets amortization period	25 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Accounting Policies [Abstract]
Interest paid	$ 87.8	$ 56.6
Income tax payments	$ 26.9	$ 165.9

GOODWILL AND INTANGIBLE ASSETS - Rollforward of Carrying Amount of Goodwill by Reportable Segment (Details) $ in Millions	9 Months Ended
	Jul. 02, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, gross (beginning of period)	$ 701.6
Accumulated impairment losses	(96.4)
Goodwill, net (beginning of period)	605.2
Acquisitions, net of purchase price adjustments	180.8
Foreign currency translation	(8.9)
Impairment	(522.4)
Goodwill, gross (end of period)	873.5
Accumulated impairment losses	(618.8)
Goodwill, net (end of period)	254.7
U.S. Consumer
Goodwill [Roll Forward]
Goodwill, gross (beginning of period)	245.7
Accumulated impairment losses	(1.8)
Goodwill, net (beginning of period)	243.9
Acquisitions, net of purchase price adjustments	0.0
Foreign currency translation	0.0
Impairment	0.0
Goodwill, gross (end of period)	245.7
Accumulated impairment losses	(1.8)
Goodwill, net (end of period)	243.9
Hawthorne
Goodwill [Roll Forward]
Goodwill, gross (beginning of period)	444.8
Accumulated impairment losses	(94.6)
Goodwill, net (beginning of period)	350.2
Acquisitions, net of purchase price adjustments	180.8
Foreign currency translation	(8.6)
Impairment	(522.4)
Goodwill, gross (end of period)	617.0
Accumulated impairment losses	(617.0)
Goodwill, net (end of period)	0.0
Other
Goodwill [Roll Forward]
Goodwill, gross (beginning of period)	11.1
Accumulated impairment losses	0.0
Goodwill, net (beginning of period)	11.1
Acquisitions, net of purchase price adjustments	0.0
Foreign currency translation	(0.3)
Impairment	0.0
Goodwill, gross (end of period)	10.8
Accumulated impairment losses	0.0
Goodwill, net (end of period)	$ 10.8

EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

Information to Calculate Basic and Diluted Earnings (Loss) Per Common Share

The following table presents information necessary to calculate basic and diluted income per Common Share.


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Income (loss) from continuing operations	$	(443.9)	$	229.8	$	(217.5)	$	566.0
Net income attributable to noncontrolling interest	—		—		—		(0.9)
Income (loss) attributable to controlling interest from continuing operations	(443.9)		229.8		(217.5)		565.1
Loss from discontinued operations, net of tax	—		(3.9)		—		(4.7)
Net income (loss) attributable to controlling interest	$	(443.9)	$	225.9	$	(217.5)	$	560.4
Basic income (loss) per common share:
Weighted-average common shares outstanding during the period	55.4		55.8		55.6		55.7
Income (loss) from continuing operations	$	(8.01)	$	4.12	$	(3.91)	$	10.15
Loss from discontinued operations	—		(0.07)		—		(0.09)
Basic net income (loss) per common share	$	(8.01)	$	4.05	$	(3.91)	$	10.06
Diluted income (loss) per common share:
Weighted-average common shares outstanding during the period	55.4		55.8		55.6		55.7
Dilutive potential common shares	—		1.6		—		1.4
Weighted-average common shares outstanding during the period plus dilutive potential common shares	55.4		57.4		55.6		57.1
Income (loss) from continuing operations	$	(8.01)	$	4.00	$	(3.91)	$	9.90
Loss from discontinued operations	—		(0.06)		—		(0.09)
Diluted net income (loss) per common share	$	(8.01)	$	3.94	$	(3.91)	$	9.81

ACQUISITIONS AND INVESTMENTS - The Hawthorne Collective (Details) - RIV Capital, Inc. $ in Millions			3 Months Ended
	Apr. 22, 2022 USD ($) board_member nominee	Aug. 24, 2021 USD ($) board_member nominee	Sep. 30, 2021 USD ($)	Sep. 30, 2020 board_member
Business Acquisition [Line Items]
Percentage of ownership after debt conversion		42.00%
Number of members of Board of Directors that can be nominated \| board_member	9	7		4
Number of Company nominees added to the Board of Directors \| nominee	4	3
Acquisition of noncontrolling interests			$ 43.1
Convertible Promissory Notes
Business Acquisition [Line Items]
Principal amount of debt	$ 25.0	$ 150.0
Debt term		6 years
Interest rate of debt (percentage)	2.00%	2.00%
Convertible Promissory Notes \| Two Percent Interest Period
Business Acquisition [Line Items]
Debt term	2 years	2 years

LEASES - Maturities of Lease Liabilities by Fiscal Year Schedule (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Operating Leases
2022 (remainder of the year)	$ 21.1
2023	77.2
2024	69.0
2025	53.9
2026	36.9
Thereafter	56.2
Total lease payments	314.3
Less: Imputed interest	(24.8)
Total lease liabilities	289.5	$ 300.8	$ 220.0
Finance Leases
2022 (remainder of the year)	1.8
2023	7.2
2024	7.2
2025	3.0
2026	1.9
Thereafter	13.6
Total lease payments	34.7
Less: Imputed interest	(5.4)
Total lease liabilities	$ 29.3	$ 33.4	$ 34.5

DEBT - Components of Long-Term Debt (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Aug. 13, 2021	Jul. 03, 2021	Mar. 17, 2021	Oct. 22, 2019	Dec. 15, 2016
Debt Instrument [Line Items]
Total debt	$ 3,500.1	$ 2,315.3		$ 2,201.2
Less current portions	322.0	57.8		53.7
Long-term debt	3,155.6	2,236.7		2,132.0
Credit Facilities \| Revolving loans
Debt Instrument [Line Items]
Total debt	617.4	0.0		278.8
Credit Facilities \| Term loans
Debt Instrument [Line Items]
Total debt	$ 987.5	$ 670.0		$ 680.0
Senior Notes \| 4.000% Senior Notes Due 2031
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.00%	4.00%		4.00%	4.00%
Total debt	$ 500.0	$ 500.0		$ 500.0
Senior Notes \| 4.375% Senior Notes Due 2032
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.375%	4.375%	4.375%	4.375%
Total debt	$ 400.0	$ 400.0		$ 0.0
Senior Notes \| 4.500% Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.50%	4.50%		4.50%		4.50%
Total debt	$ 450.0	$ 450.0		$ 450.0
Senior Notes \| 5.250% Senior Notes Due 2026
Debt Instrument [Line Items]
Interest rate of debt (percentage)	5.25%	5.25%		5.25%			5.25%
Total debt	$ 250.0	$ 250.0		$ 250.0
Receivables facility
Debt Instrument [Line Items]
Total debt	250.0	0.0		0.0
Finance lease obligations
Debt Instrument [Line Items]
Total debt	29.3	33.4		34.5
Other
Debt Instrument [Line Items]
Total debt	15.9	11.9		7.9
Long-term debt
Debt Instrument [Line Items]
Less unamortized debt issuance costs	$ 22.5	$ 20.8		$ 15.5

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 02, 2022	Jul. 02, 2022	Jul. 03, 2021	Sep. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Payments to Acquire Investments		$ 25.0	$ 0.0
Convertible debt investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost basis of investment	$ 218.1	218.1		$ 193.1
Unrealized gain (loss) on investment	(79.2)	(78.9)
Investment income	0.9	2.7
Payments to Acquire Investments	25.0	25.0
Amortized cost	$ 221.1	$ 221.1		$ 193.4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Not Designated as Hedging Instrument \| Currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 167.7	$ 180.3	$ 162.8
Designated as Hedging Instruments \| Interest rate swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	800.0	$ 600.0	$ 700.0
Gain related to interest rate swap agreements expected to be reclassified	(6.2)
Designated as Hedging Instruments \| Commodity hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain related to commodity hedges expected to be reclassified	$ 9.6

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Current assets:
Cash and cash equivalents	$ 27.8	$ 244.1	$ 58.3
Accounts receivable, less allowances of $16.8, $10.9 and $16.8, respectively	674.7	483.4	1,058.0
Accounts receivable pledged	277.8	0.0	0.0
Inventories	1,407.6	1,126.6	962.8
Prepaid and other current assets	200.8	169.9	146.9
Total current assets	2,588.7	2,024.0	2,226.0
Investment in unconsolidated affiliates	208.3	207.0	224.5
Property, plant and equipment, net of accumulated depreciation of $778.4, $727.0 and $737.4, respectively	625.2	622.2	582.6
Goodwill	254.7	605.2	547.1
Intangible assets, net	627.1	709.6	677.8
Other assets	689.7	632.0	363.1
Total assets	4,993.7	4,800.0	4,621.1
Current liabilities:
Current portion of debt	322.0	57.8	53.7
Accounts payable	291.0	609.4	467.9
Other current liabilities	458.9	473.2	515.2
Total current liabilities	1,071.9	1,140.4	1,036.8
Long-term debt	3,155.6	2,236.7	2,132.0
Other liabilities	348.1	409.6	329.9
Total liabilities	4,575.6	3,786.7	3,498.7
Commitments and contingencies (Note 13)
Equity:
Common shares and capital in excess of $0.01 stated value per share; shares outstanding of 55.4, 55.8 and 55.6, respectively	362.0	477.0	471.4
Retained earnings	1,276.9	1,605.1	1,691.0
Treasury shares, at cost; 12.8, 12.4 and 12.6 shares, respectively	(1,096.1)	(1,002.4)	(966.1)
Accumulated other comprehensive loss	(124.7)	(66.4)	(73.9)
Total equity	418.1	1,013.3	1,122.4
Total liabilities and equity	$ 4,993.7	$ 4,800.0	$ 4,621.1

IMPAIRMENT, RESTRUCTURING AND OTHER - Impairment, Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	$ 658.4	$ 0.5	$ 660.2	$ 3.7
Goodwill and intangible asset impairments	633.1	0.0	633.1	0.0
Impairment, restructuring and other charges from continuing operations	724.2	1.3	731.3	25.9
Cost of sales—impairment, restructuring and other \| Hawthorne
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	10.4		15.6
COVID-19 related costs \| Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	0.0	1.5	0.0	22.5
COVID-19 related costs \| Operating expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	0.0	0.4	0.0	3.6
Restructuring and other charges (recoveries), net \| Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	58.8	(0.7)	61.3	(0.3)
Restructuring and other charges (recoveries), net \| Operating expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	25.3	0.1	27.1	0.1
Property, plant and equipment impairments \| Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	$ 7.0	$ 0.0	$ 9.8	$ 0.0

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Jul. 02, 2022

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 and certain other balances denominated in foreign currencies. Currency forward contracts are valued using observable forward rates in commonly quoted intervals for the full term of the contracts. The notional amount of outstanding currency forward contracts was $167.7, $162.8 and $180.3 at July 2, 2022, July 3, 2021 and September 30, 2021, respectively. Contracts outstanding at July 2, 2022 will mature over the next fiscal quarter.

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. 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. 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. Swap agreements that were hedging interest payments as of July 2, 2022, July 3, 2021 and September 30, 2021 had a maximum total U.S. dollar equivalent notional amount of $800.0, $700.0 and $600.0, respectively. Refer to “NOTE 9. DEBT” for the terms of the swap agreements outstanding at July 2, 2022. Included in the AOCL balance at July 2, 2022 was a gain of $6.2 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 and diesel requirements. Commodity contracts are valued using observable commodity exchange prices in active markets. Included in the AOCL balance at July 2, 2022 was a gain of $9.6 related to commodity hedges that is expected to be reclassified to earnings during the next twelve months, consistent with the timing of the underlying hedged transactions.

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

Commodity

July 2,
2022

July 3,
2021

September 30,
2021

Urea

79,500 tons

37,500 tons

94,500 tons

Diesel

4,074,000 gallons

4,746,000 gallons

5,880,000 gallons

Heating Oil

1,470,000 gallons

1,638,000 gallons

2,268,000 gallons

Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments, which represent Level 2 fair value measurements, were as follows:


		Assets / (Liabilities)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	July 2, 2022		July 3, 2021		September 30, 2021

Interest rate swap agreements	Prepaid and other current assets	$	8.0	$	—	$	—
	Other assets	12.3		2.8		3.3
	Other current liabilities	—		(6.5)		(5.7)
	Other liabilities	—		(3.4)		(2.5)
Commodity hedging instruments	Prepaid and other current assets	1.7		4.5		13.9
	Other current liabilities	(2.4)		—		—
Total derivatives designated as hedging instruments		$	19.6	$	(2.6)	$	9.0

Derivatives Not Designated as Hedging Instruments	Balance Sheet Location
Currency forward contracts	Prepaid and other current assets	$	3.0	$	1.4	$	3.4
	Other current liabilities	—		(0.3)		(0.2)
Commodity hedging instruments	Prepaid and other current assets	3.1		1.1		1.3

Total derivatives not designated as hedging instruments		6.1		2.2		4.5
Total derivatives		$	25.7	$	(0.4)	$	13.5

The effect of derivative instruments on AOCL, net of tax, and the Condensed Consolidated Statements of Operations for each of the periods presented was as follows:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain / (Loss) Recognized in AOCL
	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Interest rate swap agreements	$	1.3	$	(2.0)	$	15.7	$	3.2
Commodity hedging instruments	(10.3)		3.6		1.1		8.3
Total	$	(9.0)	$	1.6	$	16.8	$	11.5


Derivatives in Cash Flow Hedging Relationships	Reclassified from AOCL into Statement of Operations	Amount of Gain / (Loss)
		Three Months Ended				Nine Months Ended
		July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Interest rate swap agreements	Interest expense	$	(0.4)	$	(2.3)	$	(2.6)	$	(6.4)
Commodity hedging instruments	Cost of sales	(1.0)		1.8		5.6		2.0
Total		$	(1.4)	$	(0.5)	$	3.0	$	(4.4)


Derivatives Not Designated as Hedging Instruments	Recognized in Statement of Operations	Amount of Gain / (Loss)
		Three Months Ended				Nine Months Ended
		July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Currency forward contracts	Other income / expense, net	$	11.3	$	(0.3)	$	16.3	$	(7.4)
Commodity hedging instruments	Cost of sales	4.6		1.6		11.1		3.7
Total		$	15.9	$	1.3	$	27.4	$	(3.7)

INCOME TAXES	9 Months Ended
INCOME TAXES	Jul. 02, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rates related to continuing operations for the nine months ended July 2, 2022 and July 3, 2021 were 24.1% and 23.5%, 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 and includes the impact of discrete items recognized in the quarter. 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. During the three and nine months ended July 2, 2022, the Company recognized non-cash, pre-tax goodwill and intangible asset impairment charges of $632.4 related to its Hawthorne segment in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations. The tax impact of the impairment charges was a benefit of $138.0, which is net of the impact of non-deductible goodwill of $18.5, for the three and nine months ended July 2, 2022 and was recorded in the “Income tax expense (benefit) from continuing operations” line in the Condensed Consolidated Statements of Operations. The tax impact of non-deductible goodwill was considered a discrete item because the Company has no remaining non-deductible goodwill. This discrete item decreased the effective tax rate by approximately 640 bps for the nine months ended July 2, 2022 because the Company incurred a net loss during this period. At July 2, 2022, net deferred tax assets were $114.9 and were recorded in the “Other assets” line in the Condensed Consolidated Balance Sheets. At July 3, 2021 and September 30, 2021, net deferred tax liabilities were $32.9 and $47.8, respectively, and were recorded in the “Other liabilities” line in the Condensed Consolidated Balance Sheets. The change was primarily driven by deferred tax assets recorded during the third quarter of fiscal 2022 associated with goodwill and intangible asset impairment charges and unrealized losses on convertible debt investments. 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 2018. There are currently no ongoing audits with respect to the U.S. federal jurisdiction. With respect to the foreign jurisdictions, a German audit covering fiscal years 2014 through 2017 is in process with no known material impact to the financial statements. The Company is currently under examination by certain U.S. state and local tax authorities covering various periods from fiscal years 2017 through 2020. 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 the outcomes of such examinations and the timing of any payments required upon the conclusion of such examinations 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.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 02, 2022	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Goodwill [Line Items]
Goodwill	$ 254.7	$ 254.7	$ 605.2	$ 547.1
Tradenames
Goodwill [Line Items]
Asset impairment charges		69.0
Customer accounts
Goodwill [Line Items]
Asset impairment charges		41.0
Hawthorne
Goodwill [Line Items]
Goodwill	0.0	0.0	$ 350.2
Cost of sales—impairment, restructuring and other \| Hawthorne
Goodwill [Line Items]
Restructuring charges and adjustments	10.4	15.6
Goodwill Impairment \| Hawthorne
Goodwill [Line Items]
Restructuring charges and adjustments	$ 522.4	$ 522.4

- Definition

+ References + Details

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
	Dec. 31, 2020	Jul. 02, 2022	Jul. 03, 2021	Apr. 03, 2021	Jul. 02, 2022	Jul. 03, 2021	Sep. 30, 2021
Investments in and Advances to Affiliates [Line Items]
Payments to acquire equity interests	$ 102.3				$ 0.0	$ 102.3
Loans receivable, carrying value	66.4
Gain from change in fair value of loans receivable				$ 12.5
Loans receivable, fair value				$ 78.9
Investment, estimated fair value	$ 23.3
Investment in unconsolidated affiliates		$ 208.3	$ 224.5		208.3	224.5	$ 207.0
Equity in income of unconsolidated affiliates		$ 15.1	$ 21.5		$ 1.3	$ 20.0
Bonnie Plants
Investments in and Advances to Affiliates [Line Items]
Equity ownership percentage	50.00%
Investment in unconsolidated affiliates	$ 202.9

IMPAIRMENT, RESTRUCTURING AND OTHER - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, long-term	$ 2.0		$ 2.0
Goodwill and intangible asset impairments	633.1	$ 0.0	633.1	$ 0.0
Employee Severance and Impairment Of Property, Plant, And Equipment
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	40.7		46.1
Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Inventory Write-down	45.9		45.9
Cost of sales—impairment, restructuring and other \| U.S. Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	9.5
Cost of sales—impairment, restructuring and other \| Hawthorne
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	10.4		15.6
Goodwill Impairment \| Hawthorne
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	522.4		522.4
Impairment, Restructuring, And Other \| U.S. Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	7.4		7.4
Impairment, Restructuring, And Other \| Hawthorne
Restructuring Cost and Reserve [Line Items]
Goodwill and intangible asset impairments	632.4		632.4
Restructuring charges and adjustments	7.1		7.1
Impairment, Restructuring, And Other \| Corporate Segment
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	6.3		6.3
Finite-lived intangible asset impairment \| Hawthorne
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 110.0		$ 110.0
COVID-19 related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		1.9		26.1
COVID-19 related costs \| Cost of sales—impairment, restructuring and other \| U.S. Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		0.8		19.8
COVID-19 related costs \| Cost of sales—impairment, restructuring and other \| Hawthorne
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		0.5		2.4
COVID-19 related costs \| Cost of sales—impairment, restructuring and other \| Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		0.2		0.3
COVID-19 related costs \| Restructuring, settlement and impairment provisions \| U.S. Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		0.3		3.5
COVID-19 related costs \| Restructuring, settlement and impairment provisions \| Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		$ 0.1		$ 0.1

EARNINGS PER COMMON SHARE - Calculation of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Earnings Per Share [Abstract]
Income (loss) from continuing operations	$ (443.9)	$ 229.8	$ (217.5)	$ 566.0
Net income attributable to noncontrolling interest	0.0	0.0	0.0	(0.9)
Income (loss) attributable to controlling interest from continuing operations	(443.9)	229.8	(217.5)	565.1
Loss from discontinued operations, net of tax	0.0	(3.9)	0.0	(4.7)
Net income (loss) attributable to controlling interest	$ (443.9)	$ 225.9	$ (217.5)	$ 560.4
Basic income (loss) per common share:
Weighted-average common shares outstanding during the period (in shares)	55.4	55.8	55.6	55.7
Income (loss) from continuing operations (USD per share)	$ (8.01)	$ 4.12	$ (3.91)	$ 10.15
Income (loss) from discontinued operations (USD per share)	0	(0.07)	0	(0.09)
Basic income (loss) per common share (USD per share)	$ (8.01)	$ 4.05	$ (3.91)	$ 10.06
Diluted income (loss) per common share:
Weighted-average common shares outstanding during the period (in shares)	55.4	55.8	55.6	55.7
Dilutive potential Common Shares (in shares)	0.0	1.6	0.0	1.4
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	55.4	57.4	55.6	57.1
Income (loss) from continuing operations (USD per share)	$ (8.01)	$ 4.00	$ (3.91)	$ 9.90
Income (loss) from discontinued operations (USD per share)	0	(0.06)	0	(0.09)
Diluted income (loss) per common share (USD per share)	$ (8.01)	$ 3.94	$ (3.91)	$ 9.81

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 16.8	$ 16.8	$ 10.9
Property, plant and equipment, accumulated depreciation	$ 778.4	$ 737.4	$ 727.0
Common shares stated value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Common shares outstanding (shares)	55.4	55.6	55.8
Treasury shares, at cost (shares)	12.8	12.6	12.4

INVESTMENT IN UNCONSOLIDATED AFFILIATES	9 Months Ended
INVESTMENT IN UNCONSOLIDATED AFFILIATES	Jul. 02, 2022
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	INVESTMENTS IN UNCONSOLIDATED AFFILIATESOn December 31, 2020, pursuant to the terms of the Contribution and Unit Purchase Agreement between the Company and Alabama Farmers Cooperative, Inc. (“AFC”), the Company acquired a 50% equity interest in the Bonnie Plants business of planting, growing, developing, distributing, marketing and selling live plants through a newly formed joint venture with AFC (“Bonnie Plants, LLC”) in exchange for cash payments of $102.3, as well as non-cash investing activities that included forgiveness of the Company’s outstanding loan receivable with AFC and surrender of the Company’s options to increase its economic interest in the Bonnie Plants business. The Company’s loan receivable with AFC, which was previously recognized in the “Other assets” line in the Condensed Consolidated Balance Sheets, had a carrying value of $66.4 on December 31, 2020 and the Company recognized a gain of $12.5 during the three months ended January 2, 2021 to write-up the value of the loan to its closing date fair value of $78.9 in the “Other non-operating income, net” line in the Condensed Consolidated Statements of Operations. The Company’s options to increase its economic interest in the Bonnie Plants business were previously recognized in the “Other assets” line in the Condensed Consolidated Balance Sheets and had an estimated fair value of $23.3 on December 31, 2020. The Company’s interest in Bonnie Plants, LLC had an initial fair value of $202.9 and is recorded in the “Investment in unconsolidated affiliates” line in the Condensed Consolidated Balance Sheets. The Company’s interest is accounted for using the equity method of accounting, with the Company’s proportionate share of Bonnie Plants, LLC earnings subsequent to December 31, 2020 reflected in the Condensed Consolidated Statements of Operations. During the three and nine months ended July 2, 2022, the Company recorded equity in income of unconsolidated affiliates associated with Bonnie Plants, LLC of $15.1 and $1.3, respectively, as compared to $21.5 and $20.0 during the three and nine months ended July 3, 2021, respectively. The estimated fair value of the loan receivable with AFC 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 fair value estimate utilized significant unobservable inputs and thus represents a Level 3 nonrecurring fair value measurement.

ACQUISITIONS AND INVESTMENTS	9 Months Ended
ACQUISITIONS AND INVESTMENTS	Jul. 02, 2022
Business Combinations [Abstract]
ACQUISITIONS AND INVESTMENTS	ACQUISITIONS AND INVESTMENTS Cyco On April 28, 2022, the Company’s Hawthorne segment completed the acquisition of substantially all of the assets of S.J. Enterprises PTY LTD, d.b.a. Cyco, an Australia-based provider of premium nutrients, additives and growing media products for indoor growing, for an estimated purchase price of $37.4. The purchase price includes contingent consideration, a non-cash investing activity, with an initial fair value of $3.1 and a maximum payout of $10.0, which will be paid by the Company based on the achievement of certain performance metrics through December 31, 2024. Prior to the transaction, the Company served as the exclusive distributor of Cyco’s products in the United States. The valuation of the acquired assets included (i) $1.3 of inventory, (ii) $10.5 of finite-lived identifiable intangible assets and (iii) $25.6 of tax-deductible goodwill. Identifiable intangible assets included trade names, customer relationships and non-compete agreements 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. Luxx Lighting On December 30, 2021, the Company’s Hawthorne segment completed the acquisition of substantially all of the assets of Luxx Lighting, Inc., a leading provider of lighting products for indoor growing. The purchase price was $213.2, a portion of which was paid by the issuance of 0.1 million of the common shares, $0.01 par value per share, of Scotts Miracle-Gro (“Common Shares”), a non-cash investing and financing activity, with a fair value of $21.0 based on the share price at the time of payment. During the second quarter of fiscal 2022, the Company identified quality issues with certain Luxx products sold prior to the closing of the acquisition. As of July 2, 2022, the accrual for product return refund liabilities and warranty claims associated with these quality issues was $8.9, which was recognized as a measurement-period adjustment. During the third quarter of fiscal 2022, the preliminary valuation of the acquired assets was revised to reflect updated acquisition-date assumptions including the longer duration and increased significance of lower sales volumes and cost increases. The Company recognized the resulting impact as a measurement-period adjustment. The revised valuation resulted in a decrease in the value of finite-lived identifiable intangible assets of $59.5 and a corresponding increase in goodwill. The revised valuation of the acquired assets included (i) $32.8 of inventory and accounts receivable, (ii) $5.7 of current assets, (iii) $24.2 of current liabilities, (iv) $47.3 of finite-lived identifiable intangible assets and (v) $151.6 of tax-deductible goodwill. Identifiable intangible assets included trade names, customer relationships and non-compete agreements 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. True Liberty Bags On December 23, 2021, the Company’s Hawthorne segment completed the acquisition of substantially all of the assets of True Liberty Bags, a leading provider of liners and storage solutions to dry and cure plant products, for $10.1. The valuation of the acquired assets included (i) $1.1 of inventory, (ii) $5.8 of finite-lived identifiable intangible assets and (iii) $3.2 of tax-deductible goodwill. Identifiable intangible assets included trade names and customer relationships with useful lives of 15 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. Hydro-Logic On August 27, 2021, the Company’s Hawthorne segment completed the acquisition of substantially all of the assets of Hydro-Logic Purification Systems, Inc., a leading provider of products, accessories and systems for water filtration and purification, for $65.3. The valuation of the acquired assets included (i) $4.5 of inventory and accounts receivable, (ii) $1.6 of noncurrent assets, (iii) $2.6 of other liabilities, (iv) $23.1 of finite-lived identifiable intangible assets and (v) $38.7 of tax-deductible goodwill. Identifiable intangible assets included trade names, customer relationships and non-compete agreements with useful lives ranging between 5 and 15 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. The Hawthorne Collective On August 24, 2021, the Company’s wholly-owned subsidiary, The Hawthorne Collective, Inc. (“THC”), made its initial investment under the Company’s strategic minority non-equity investment initiative in the form of a $150.0 six-year convertible note issued to the Company by Toronto-based RIV Capital Inc. (“RIV Capital”) (CSE: RIV) (OTC: CNPOF), a cannabis investment and acquisition firm listed on the Canadian Securities Exchange. The note accrues interest at 2 percent annually for the first two years and provides additional follow-on investment rights. Accrued interest will be payable to THC at maturity or will be included in the conversion value of the note at the time of conversion. The conversion feature is based upon the RIV Capital closing stock price on August 9, 2021. In connection with the Company’s investment, RIV Capital increased the size of its board of directors from four to seven members and added three nominees of the Company to the board of directors of RIV Capital. On April 22, 2022, pursuant to its follow-on investment rights, the Company made an additional investment in RIV Capital in the form of a $25.0 convertible note. The note accrues interest at 2 percent annually for the first two years and matures on August 24, 2027. Accrued interest will be payable to THC at maturity or will be included in the conversion value of the note at the time of conversion. The conversion feature is based upon the RIV Capital closing stock price on March 29, 2022. Additionally, RIV Capital is expected to increase the size of its board of directors to nine members, which is expected to include four nominees of the Company. The initial and follow-on investments would provide the Company with approximately 42 percent ownership of RIV Capital if it exercises the conversion features of both investments. The Company will not have control of or an active day-to-day role in RIV Capital or any of the companies in which RIV Capital invests. RIV Capital has agreed to use the funds it receives from the Company for general corporate and other lawful purposes, which could include acquisitions, and has agreed that the funds will not be used in connection with or for any cannabis or cannabis-related operations in the U.S. unless and until such operations comply with all applicable U.S. federal laws. During the fourth quarter of fiscal 2021, THC made minority non-equity investments of $43.1 in other entities focused on branded cannabis and high quality genetics. These additional investments also include conversion features that would provide the Company with minority ownership interests if it exercises the conversion features, as well as restrictions that the funds will not be used in connection with or for any cannabis or cannabis-related operations in the U.S. unless and until such operations comply with all applicable U.S. federal laws. Rhizoflora On August 13, 2021, the Company’s Hawthorne segment completed the acquisition of substantially all of the assets of Rhizoflora, Inc., the manufacturer of terpene enhancing nutrient products Terpinator® and Purpinator®, for $33.7. The valuation of the acquired assets included (i) $0.6 of inventory, (ii) $10.9 of finite-lived identifiable intangible assets and (iii) $22.2 of tax-deductible goodwill. Identifiable intangible assets included trade names, customer relationships and non-compete agreements 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. AeroGrow On November 11, 2020, the Company entered into an agreement and plan of merger to acquire the remaining outstanding shares of AeroGrow for cash consideration of $3.00 per share, or approximately $20.1. The merger closed on February 26, 2021. SMG Growing Media, Inc., a wholly-owned subsidiary of Scotts Miracle-Gro, was the holder of 80.5% of the outstanding shares of AeroGrow prior to the closing and now holds 100% of the outstanding shares of AeroGrow. The closing date carrying value of the noncontrolling interest was $6.7 and the $13.4 difference between the purchase price and carrying value was recognized in the “Common shares and capital in excess of $0.01 stated value per share” line within “Total equity” in the Condensed Consolidated Balance Sheets.

INVENTORIES (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 988.0	$ 793.7	$ 665.8
Raw materials	310.4	242.8	220.1
Work-in-process	109.2	90.1	76.9
Total inventories	1,407.6	1,126.6	962.8
Adjustments to reflect inventories at net realizable values	$ 69.3	$ 22.5	$ 21.3

EARNINGS PER COMMON SHARE

9 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

The following table presents information necessary to calculate basic and diluted income per Common Share.


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Income (loss) from continuing operations	$	(443.9)	$	229.8	$	(217.5)	$	566.0
Net income attributable to noncontrolling interest	—		—		—		(0.9)
Income (loss) attributable to controlling interest from continuing operations	(443.9)		229.8		(217.5)		565.1
Loss from discontinued operations, net of tax	—		(3.9)		—		(4.7)
Net income (loss) attributable to controlling interest	$	(443.9)	$	225.9	$	(217.5)	$	560.4
Basic income (loss) per common share:
Weighted-average common shares outstanding during the period	55.4		55.8		55.6		55.7
Income (loss) from continuing operations	$	(8.01)	$	4.12	$	(3.91)	$	10.15
Loss from discontinued operations	—		(0.07)		—		(0.09)
Basic net income (loss) per common share	$	(8.01)	$	4.05	$	(3.91)	$	10.06
Diluted income (loss) per common share:
Weighted-average common shares outstanding during the period	55.4		55.8		55.6		55.7
Dilutive potential common shares	—		1.6		—		1.4
Weighted-average common shares outstanding during the period plus dilutive potential common shares	55.4		57.4		55.6		57.1
Income (loss) from continuing operations	$	(8.01)	$	4.00	$	(3.91)	$	9.90
Loss from discontinued operations	—		(0.06)		—		(0.09)
Diluted net income (loss) per common share	$	(8.01)	$	3.94	$	(3.91)	$	9.81

Diluted average common shares used in the diluted loss per common share calculation for the three and nine months ended July 2, 2022 were 55.4 million and 55.6 million, respectively, which excluded potential Common Shares of 0.4 million and 0.6 million, respectively, because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for the three and nine months ended July 2, 2022. Diluted average common shares used in the diluted loss per common share calculation for the three and nine months ended July 3, 2021 were 57.4 million and 57.1 million, respectively, which included dilutive potential Common Shares of 1.6 million and 1.4 million, respectively.

Stock options with exercise prices greater than the average market price of the underlying Common Shares are excluded from the computation of diluted income per Common Share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. For the three and nine months ended July 2, 2022, the average number of out-of-the-money options was 0.2 million. For the three and nine months ended July 3, 2021, the average number of out-of-the-money options was 0.2 million and 0.1 million, respectively.

SEGMENT INFORMATION - Net Sales by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Segment Reporting Information [Line Items]
Net sales	$ 1,186.1	$ 1,609.7	$ 3,430.4	$ 4,187.2
United States
Segment Reporting Information [Line Items]
Net sales	1,051.0	1,446.9	3,133.2	3,838.6
International
Segment Reporting Information [Line Items]
Net sales	$ 135.1	$ 162.8	$ 297.2	$ 348.6

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

DEBT - Senior Notes - 4.375% (Details) - Senior notes - USD ($)	Jul. 02, 2022	Sep. 30, 2021	Aug. 13, 2021	Jul. 03, 2021	Dec. 15, 2016
4.375% Senior Notes
Debt Instrument [Line Items]
Principal amount of debt			$ 400,000,000.0
Interest rate of debt (percentage)	4.375%	4.375%	4.375%	4.375%
5.250% Senior Notes
Debt Instrument [Line Items]
Interest rate of debt (percentage)	5.25%	5.25%		5.25%	5.25%

EQUITY (Tables)

9 Months Ended

Jul. 02, 2022

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		Noncontrolling Interest		Total Equity
Balance at September 30, 2021	$	477.0	$	1,605.1	$	(1,002.4)	$	(66.4)	$	1,013.3	$	—	$	1,013.3

Net income (loss)	—		(50.0)		—		—		(50.0)		—		(50.0)
Other comprehensive income (loss)	—		—		—		5.7		5.7		—		5.7
Share-based compensation	7.3		—		—		—		7.3		—		7.3
Dividends declared ($0.66 per share)	—		(37.3)		—		—		(37.3)		—		(37.3)
Treasury share purchases	—		—		(129.5)		—		(129.5)		—		(129.5)
Treasury share issuances	2.6		—		19.5		—		22.1		—		22.1



Balance at January 1, 2022	$	486.9	$	1,517.8	$	(1,112.4)	$	(60.7)	$	831.6	$	—	$	831.6

Net income (loss)	—		276.5		—		—		276.5		—		276.5
Other comprehensive income (loss)	—		—		—		12.3		12.3		—		12.3
Share-based compensation	15.9		—		—		—		15.9		—		15.9
Dividends declared ($0.66 per share)	—		(35.5)		—		—		(35.5)		—		(35.5)
Treasury share purchases	—		—		(128.1)		—		(128.1)		—		(128.1)
Treasury share issuances	(141.0)		—		143.3		—		2.3		—		2.3

Balance at April 2, 2022	$	361.8	$	1,758.8	$	(1,097.2)	$	(48.4)	$	975.0	$	—	$	975.0
Net income (loss)	—		(443.9)		—		—		(443.9)		—		(443.9)
Other comprehensive income (loss)	—		—		—		(76.3)		(76.3)		—		(76.3)
Share-based compensation	1.6		—		—		—		1.6		—		1.6
Dividends declared ($0.66 per share)	—		(38.0)		—		—		(38.0)		—		(38.0)
Treasury share purchases	—		—		(0.1)		—		(0.1)		—		(0.1)
Treasury share issuances	(1.4)		—		1.2		—		(0.2)		—		(0.2)

Balance at July 2, 2022	$	362.0	$	1,276.9	$	(1,096.1)	$	(124.7)	$	418.1	$	—	$	418.1

The sum of the components may not equal due to rounding.


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity - Controlling Interest		Noncontrolling Interest		Total Equity
Balance at September 30, 2020	$	482.5	$	1,235.6	$	(921.8)	$	(99.1)	$	697.2	$	5.7	$	702.9

Net income (loss)	—		24.4		—		—		24.4		0.8		25.2
Other comprehensive income (loss)	—		—		—		15.6		15.6		—		15.6
Share-based compensation	8.2		—		—		—		8.2		—		8.2
Dividends declared ($0.62 per share)	—		(35.7)		—		—		(35.7)		—		(35.7)
Treasury share purchases	—		—		(38.4)		—		(38.4)		—		(38.4)
Treasury share issuances	(0.1)		—		1.3		—		1.2		—		1.2



Balance at January 2, 2021	$	490.5	$	1,224.4	$	(958.8)	$	(83.5)	$	672.6	$	6.4	$	679.0
Net income (loss)	—		310.0		—		—		310.0		0.2		310.2
Other comprehensive income (loss)	—		—		—		5.5		5.5		—		5.5
Share-based compensation	17.7		—		—		—		17.7		—		17.7
Dividends declared ($0.62 per share)	—		(34.2)		—		—		(34.2)		—		(34.2)
Treasury share purchases	—		—		(23.8)		—		(23.8)		—		(23.8)
Treasury share issuances	(21.7)		—		28.3		—		6.6		—		6.6
Acquisition of noncontrolling interests	(13.4)		—		—		—		(13.4)		(6.7)		(20.1)
Balance at April 3, 2021	$	473.0	$	1,500.2	$	(954.3)	$	(78.0)	$	940.9	$	—	$	940.9
Net income (loss)	—		225.9		—		—		225.9		—		225.9
Other comprehensive income (loss)	—		—		—		4.1		4.1		—		4.1
Share-based compensation	8.1		—		—		—		8.1		—		8.1
Dividends declared ($0.62 per share)	—		(35.1)		—		—		(35.1)		—		(35.1)
Treasury share purchases	—		—		(28.8)		—		(28.8)		—		(28.8)
Treasury share issuances	(9.7)		—		17.0		—		7.3		—		7.3
Balance at July 3, 2021	$	471.4	$	1,691.0	$	(966.1)	$	(73.9)	$	1,122.4	$	—	$	1,122.4

The sum of the components may not equal due to rounding.

Schedule of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:


	Three Months Ended
	Foreign Currency Translation Adjustments		Net Unrealized Gains (Losses) On Derivative Instruments		Net Unrealized Gains (Losses) On Securities		Pension and Other Post-Retirement Benefit Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance at April 2, 2022	$	(7.3)	$	31.5	$	(2.1)	$	(70.5)	$	(48.4)
Other comprehensive income (loss) before reclassifications	(12.3)		(12.2)		(79.2)		—		(103.7)
Amounts reclassified from accumulated other comprehensive net income (loss)	—		1.9		—		4.9		6.8
Income tax benefit (expense)	—		2.7		19.2		(1.3)		20.6
Net current period other comprehensive income (loss)	(12.3)		(7.6)		(60.0)		3.6		(76.3)
Balance at July 2, 2022	$	(19.6)	$	23.9	$	(62.1)	$	(67.0)	$	(124.7)

Balance at April 3, 2021	$	1.9	$	(1.3)	$	—	$	(78.6)	$	(78.0)
Other comprehensive income (loss) before reclassifications	2.4		2.2		—		—		4.6
Amounts reclassified from accumulated other comprehensive net income (loss)	—		0.7		—		(0.5)		0.2
Income tax benefit (expense)	—		(0.8)		—		0.1		(0.7)
Net current period other comprehensive income (loss)	2.4		2.1		—		(0.4)		4.1
Balance at July 3, 2021	$	4.3	$	0.8	$	—	$	(79.0)	$	(73.9)

The sum of the components may not equal due to rounding.


	Nine Months Ended
	Foreign Currency Translation Adjustments		Net Unrealized Gains (Losses) On Derivative Instruments		Net Unrealized Gains (Losses) On Securities		Pension and Other Post-Retirement Benefit Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2021	$	(1.7)	$	10.2	$	(2.3)	$	(72.5)	$	(66.4)
Other comprehensive income (loss) before reclassifications	(17.9)		22.7		(78.9)		—		(74.1)
Amounts reclassified from accumulated other comprehensive net income (loss)	—		(4.1)		—		7.6		3.5
Income tax benefit (expense)	—		(4.8)		19.1		(2.0)		12.3
Net current period other comprehensive income (loss)	(17.9)		13.8		(59.8)		5.6		(58.3)
Balance at July 2, 2022	$	(19.6)	$	23.9	$	(62.1)	$	(67.0)	$	(124.7)

Balance at September 30, 2020	$	(6.2)	$	(15.1)	$	—	$	(77.8)	$	(99.1)
Other comprehensive income (loss) before reclassifications	10.5		15.5		—		—		26.0
Amounts reclassified from accumulated other comprehensive net income (loss)	—		5.9		—		(1.6)		4.3
Income tax benefit (expense)	—		(5.5)		—		0.4		(5.1)
Net current period other comprehensive income (loss)	10.5		15.9		—		(1.2)		25.2
Balance at July 3, 2021	$	4.3	$	0.8	$	—	$	(79.0)	$	(73.9)

The sum of the components may not equal due to rounding.

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 2, 2022		July 3, 2021
Employees
Options	—		183,553
Restricted stock units	144,814		69,758
Performance units	105,756		1,903
Non-Employee Directors
Restricted and deferred stock units	19,701		8,518
Total share-based awards	270,271		263,732

Aggregate fair value at grant dates	$	35.9	$	29.9

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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Share-based compensation	$	1.6	$	8.1	$	24.8	$	34.0
Related tax benefit recognized	0.3		2.1		3.8		6.0

ACQUISITIONS AND INVESTMENTS - AeroGrow (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 26, 2021	Nov. 11, 2020	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Business Acquisition [Line Items]
Difference between purchase price and carrying value recognized in Common shares and capital in excess of par	$ 13.4
Common shares stated value (USD per share)			$ 0.01	$ 0.01	$ 0.01
AeroGrow
Business Acquisition [Line Items]
Noncontrolling interest, carrying value	$ 6.7
SMG Growing Media, Inc. \| AeroGrow
Business Acquisition [Line Items]
Equity ownership percentage	100.00%	80.50%
AeroGrow
Business Acquisition [Line Items]
Cash consideration per share (USD per share)		$ 3.00
Cash consideration		$ 20.1

DEBT (Tables)

9 Months Ended

Jul. 02, 2022

Debt Disclosure [Abstract]

Components of Long-Term Debt

The components of debt are as follows:


	July 2, 2022		July 3, 2021		September 30, 2021

Credit Facilities:
Revolving loans	$	617.4	$	278.8	$	—
Term loans	987.5		680.0		670.0
Senior Notes due 2031 – 4.000%	500.0		500.0		500.0
Senior Notes due 2032 – 4.375%	400.0		—		400.0
Senior Notes due 2029 – 4.500%	450.0		450.0		450.0
Senior Notes due 2026 – 5.250%	250.0		250.0		250.0

Receivables facility	250.0		—		—
Finance lease obligations	29.3		34.5		33.4
Other	15.9		7.9		11.9
Total debt	3,500.1		2,201.2		2,315.3
Less current portions	322.0		53.7		57.8
Less unamortized debt issuance costs	22.5		15.5		20.8
Long-term debt	$	3,155.6	$	2,132.0	$	2,236.7

Schedule of Interest Rate Swap Agreements

The notional amount, effective date, expiration date and rate of each of the swap agreements outstanding at July 2, 2022 are shown in the table below:


Notional Amount		Effective Date (a)	Expiration Date	Fixed Rate
100		12/21/2020	6/20/2023	1.36	%
300	(b)	1/7/2021	6/7/2023	1.34	%
200		10/7/2021	6/7/2023	1.37	%
200	(b)	1/20/2022	6/20/2024	0.58	%
200		6/7/2023	6/8/2026	0.85	%

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

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

- 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.

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+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Outstanding Commodity Contracts (Details)	9 Months Ended		12 Months Ended
	Jul. 02, 2022 T gal	Jul. 03, 2021 T gal	Sep. 30, 2021 T gal
Urea (in tons)
Derivative [Line Items]
Outstanding commodity contracts, mass \| T	79,500	37,500	94,500
Diesel (in gallons)
Derivative [Line Items]
Outstanding commodity contracts, volume	4,074,000	4,746,000	5,880,000
Heating Oil (in gallons)
Derivative [Line Items]
Outstanding commodity contracts, volume	1,470,000	1,638,000	2,268,000

ACQUISITIONS AND INVESTMENTS - Hydro-Logic (Details) - USD ($) $ in Millions	Aug. 27, 2021	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Business Acquisition [Line Items]
Goodwill		$ 254.7	$ 605.2	$ 547.1
Hawthorne
Business Acquisition [Line Items]
Goodwill		$ 0.0	$ 350.2
Hawthorne \| Hydro-Logic Purification Systems, Inc.
Business Acquisition [Line Items]
Consideration for the acquisition	$ 65.3
Inventory and accounts receivable acquired	4.5
Noncurrent assets acquired	1.6
Other liabilities assumed	2.6
Finite-lived intangible assets acquired	23.1
Goodwill	$ 38.7
Hawthorne \| Hydro-Logic Purification Systems, Inc. \| Minimum
Business Acquisition [Line Items]
Intangible assets amortization period	5 years
Hawthorne \| Hydro-Logic Purification Systems, Inc. \| Maximum
Business Acquisition [Line Items]
Intangible assets amortization period	15 years

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
OPERATING ACTIVITIES
Net income (loss)	$ (217.5)	$ 561.3
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Impairment, restructuring and other	641.8	0.0
Deferred taxes	(162.7)	7.6
Share-based compensation expense	28.6	34.0
Depreciation	50.3	47.0
Amortization	28.5	23.0
Equity in income of unconsolidated affiliates	(1.3)	(20.0)
Other, net	0.5	(11.4)
Changes in assets and liabilities, net of acquired businesses:
Accounts receivable	(467.7)	(558.1)
Inventories	(256.6)	(337.2)
Prepaid and other assets	(36.1)	(62.5)
Accounts payable	(288.3)	87.9
Other current liabilities	(50.1)	24.7
Restructuring and other	33.7	(1.9)
Other non-current items	20.6	(2.3)
Other, net	(3.3)	0.8
Net cash used in operating activities	(679.6)	(207.1)
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets	9.4	0.1
Investments in property, plant and equipment	(99.0)	(77.9)
Investments in unconsolidated affiliates	0.0	(102.3)
Payment for acquisitions, net of cash acquired	(237.3)	(21.8)
Purchase of convertible debt investments	(25.0)	0.0
Other investing, net	17.4	(10.0)
Net cash used in investing activities	(334.5)	(211.9)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	3,440.0	1,231.9
Repayments under revolving and bank lines of credit and term loans	(2,253.3)	(1,064.9)
Financing and issuance fees	(9.7)	(7.2)
Dividends paid	(129.6)	(106.1)
Purchase of Common Shares	(257.7)	(91.0)
Cash received from exercise of stock options	2.6	14.3
Acquisition of noncontrolling interests	0.0	(17.4)
Other financing, net	5.6	0.0
Net cash provided by financing activities	797.9	459.6
Effect of exchange rate changes on cash	(0.1)	1.1
Net increase (decrease) in cash and cash equivalents	(216.3)	41.7
Cash and cash equivalents at beginning of period	244.1	16.6
Cash and cash equivalents at end of period	27.8	58.3
4.000% Senior Notes
FINANCING ACTIVITIES
Proceeds from issuance of 4.000% Senior Notes	$ 0.0	$ 500.0

IMPAIRMENT, RESTRUCTURING AND OTHER (Tables)

9 Months Ended

Jul. 02, 2022

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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Cost of sales—impairment, restructuring and other:
COVID-19 related costs	$	—	$	1.5	$	—	$	22.5
Restructuring and other charges (recoveries), net	58.8		(0.7)		61.3		(0.3)
Property, plant and equipment impairments	7.0		—		9.8		—
Operating expenses:
COVID-19 related costs	—		0.4		—		3.6
Restructuring and other charges, net	25.3		0.1		27.1		0.1
Goodwill and intangible asset impairments	633.1		—		633.1		—
Impairment, restructuring and other charges from continuing operations	$	724.2	$	1.3	$	731.3	$	25.9

The following table summarizes the activity related to liabilities associated with restructuring and other during the nine months ended July 2, 2022:


Amounts accrued for restructuring and other at September 30, 2021	$	1.9
Restructuring and other charges from continuing operations	40.0

Payments and other	(6.3)
Amounts accrued for restructuring and other at July 2, 2022	$	35.6

GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table displays a rollforward of the carrying amount of goodwill by reportable segment:


	U.S. Consumer		Hawthorne		Other		Total










Goodwill	$	245.7	$	444.8	$	11.1	$	701.6
Accumulated impairment losses	(1.8)		(94.6)		—		(96.4)
Balance at September 30, 2021	243.9		350.2		11.1		605.2
Acquisitions and measurement-period adjustments	—		180.8		—		180.8
Foreign currency translation	—		(8.6)		(0.3)		(8.9)
Impairment	—		(522.4)		—		(522.4)


Goodwill	$	245.7	$	617.0	$	10.8	$	873.5
Accumulated impairment losses	(1.8)		(617.0)		—		(618.8)
Balance at July 2, 2022	$	243.9	$	—	$	10.8	$	254.7

Schedule of Indefinite-Lived Intangible Assets

The following table presents intangible assets, net of accumulated amortization and impairment charges:


	July 2, 2022						September 30, 2021
	Gross Carrying Amount		Accumulated Amortization/ Impairment Charges		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization/ Impairment Charges		Net Carrying Amount

Finite-lived intangible assets:
Trade names	$	322.1	$	(151.0)	$	171.1	$	293.4	$	(73.3)	$	220.1
Customer relationships	252.9		(143.1)		109.8		228.3		(91.7)		136.6
Technology	49.2		(43.0)		6.2		49.2		(41.3)		7.9
Other	35.6		(19.5)		16.1		35.3		(14.2)		21.1
Total finite-lived intangible assets, net					303.2						385.7
Indefinite-lived intangible assets:
Indefinite-lived trade names					168.2						168.2
Roundup® marketing agreement amendment					155.7						155.7

Total indefinite-lived intangible assets					323.9						323.9
Total intangible assets, net					$	627.1					$	709.6

Schedule of Finite-Lived Intangible Assets

The following table presents intangible assets, net of accumulated amortization and impairment charges:


	July 2, 2022						September 30, 2021
	Gross Carrying Amount		Accumulated Amortization/ Impairment Charges		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization/ Impairment Charges		Net Carrying Amount

Finite-lived intangible assets:
Trade names	$	322.1	$	(151.0)	$	171.1	$	293.4	$	(73.3)	$	220.1
Customer relationships	252.9		(143.1)		109.8		228.3		(91.7)		136.6
Technology	49.2		(43.0)		6.2		49.2		(41.3)		7.9
Other	35.6		(19.5)		16.1		35.3		(14.2)		21.1
Total finite-lived intangible assets, net					303.2						385.7
Indefinite-lived intangible assets:
Indefinite-lived trade names					168.2						168.2
Roundup® marketing agreement amendment					155.7						155.7

Total indefinite-lived intangible assets					323.9						323.9
Total intangible assets, net					$	627.1					$	709.6

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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+ Details

EQUITY - Share Repurchases (Details) - USD ($)	3 Months Ended		9 Months Ended
EQUITY - Share Repurchases (Details) - USD ($)	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021	Feb. 06, 2020
Equity [Abstract]
Authorized repurchase amount					$ 750,000,000.0
Common shares repurchased (shares)	0	100,000	1,100,000	400,000
Common shares repurchased	$ 0.0	$ 25,000,000.0	$ 175,000,000.0	$ 75,600,000
Tax withholding	$ 100,000	$ 3,800,000	$ 82,700,000	$ 15,500,000

FAIR VALUE MEASUREMENTS

9 Months Ended

Jul. 02, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:


		July 2, 2022				July 3, 2021				September 30, 2021
	Fair Value Hierarchy Level	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash equivalents	Level 1	$	13.4	$	13.4	$	3.2	$	3.2	$	222.5	$	222.5




Other
Investment securities in non-qualified retirement plan assets	Level 1	40.3		40.3		46.5		46.5		45.0		45.0


Convertible debt investments	Level 3	139.1		139.1		—		—		190.3		190.3

Liabilities




Debt instruments
Credit facilities – revolving loans	Level 2	617.4		617.4		278.8		278.8		—		—
Credit facilities – term loans	Level 2	987.5		987.5		680.0		680.0		670.0		670.0
Senior Notes due 2031 – 4.000%	Level 2	500.0		373.1		500.0		498.8		500.0		498.8
Senior Notes due 2032 – 4.375%	Level 2	400.0		302.0		—		—		400.0		402.0
Senior Notes due 2029 – 4.500%	Level 2	450.0		365.1		450.0		468.0		450.0		466.9
Senior Notes due 2026 – 5.250%	Level 2	250.0		232.5		250.0		260.6		250.0		258.1

Receivables facility	Level 2	250.0		250.0		—		—		—		—

Other debt	Level 2	15.9		15.9		7.9		7.9		11.9		11.9

The cost basis of convertible debt investments was $218.1 and $193.1 at July 2, 2022 and September 30, 2021, respectively. Purchases of convertible debt investments were $25.0 during the three and nine months ended July 2, 2022. During the three and nine months ended July 2, 2022, the Company recorded unrealized losses of $79.2 and $78.9 in AOCL, respectively, and investment income of $0.9 and $2.7, respectively, associated with its Level 3 convertible debt investments. The amortized cost basis of convertible debt investments was $221.1 and $193.4 at July 2, 2022 and September 30, 2021, respectively. The decline in fair value of the convertible debt investments is related to a decline in the value of the underlying conversion options and is not reflective of a credit risk associated with the notes.

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (443.9)	$ 225.9	$ (217.5)	$ 561.3
Other comprehensive income (loss):
Net foreign currency translation adjustment	(12.3)	2.4	(17.9)	10.5
Net unrealized gains (losses) on derivative instruments, net of tax	(9.0)	1.6	16.8	11.5
Reclassification of net unrealized (gains) losses on derivative instruments to net income, net of tax	1.4	0.5	(3.0)	4.4
Net unrealized losses on securities, net of tax	(60.0)	0.0	(59.8)	0.0
Pension and other post-retirement benefit adjustments, net of tax	3.6	(0.4)	5.6	(1.2)
Total other comprehensive income (loss)	(76.3)	4.1	(58.3)	25.2
Comprehensive income (loss)	(520.2)	230.0	(275.8)	586.5
Comprehensive income attributable to noncontrolling interest	0.0	0.0	0.0	(0.9)
Comprehensive income (loss) attributable to controlling interest	$ (520.2)	$ 230.0	$ (275.8)	$ 585.6

DISCONTINUED OPERATIONS (Details) - International Business - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Aug. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contingent consideration maximum payout		$ 23.8
Fair value of contingent consideration		$ 18.2
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contingent consideration payout	$ 6.0
Write-off of contingent consideration receivable	$ 12.2

DEBT

9 Months Ended

Jul. 02, 2022

Debt Disclosure [Abstract]

DEBT

The components of debt are as follows:


	July 2, 2022		July 3, 2021		September 30, 2021

Credit Facilities:
Revolving loans	$	617.4	$	278.8	$	—
Term loans	987.5		680.0		670.0
Senior Notes due 2031 – 4.000%	500.0		500.0		500.0
Senior Notes due 2032 – 4.375%	400.0		—		400.0
Senior Notes due 2029 – 4.500%	450.0		450.0		450.0
Senior Notes due 2026 – 5.250%	250.0		250.0		250.0

Receivables facility	250.0		—		—
Finance lease obligations	29.3		34.5		33.4
Other	15.9		7.9		11.9
Total debt	3,500.1		2,201.2		2,315.3
Less current portions	322.0		53.7		57.8
Less unamortized debt issuance costs	22.5		15.5		20.8
Long-term debt	$	3,155.6	$	2,132.0	$	2,236.7

Credit Facilities

On July 5, 2018, the Company entered into a fifth amended and restated credit agreement (the “Fifth A&R Credit Agreement”), which provided the Company and certain of its subsidiaries with five-year senior secured loan facilities in the aggregate principal amount of $2,300.0, comprised of a revolving credit facility of $1,500.0 and a term loan in the original principal amount of $800.0 (the “Fifth A&R Credit Facilities”). Under the Fifth A&R Credit Facilities, the Company had the ability to obtain letters of credit up to $75.0.

On April 8, 2022, the Company entered into a sixth amended and restated credit agreement (the “Sixth A&R Credit Agreement”), providing the Company and certain of its subsidiaries with five-year senior secured loan facilities in the aggregate principal amount of $2,500.0, comprised of a revolving credit facility of $1,500.0 and a term loan in the original principal amount of $1,000.0 (the “Sixth A&R Credit Facilities”). The Sixth A&R 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 plus an unlimited additional amount, subject to certain specified financial and other conditions. The Sixth A&R Credit Agreement replaces the Fifth A&R Credit Agreement and will terminate on April 8, 2027. The Sixth A&R Credit Facilities are available for issuance of letters of credit up to $100.0. The terms of the Sixth A&R Credit Agreement include customary representations and warranties, affirmative and negative covenants, financial covenants, and events of default.

At July 2, 2022, the Company had letters of credit outstanding in the aggregate principal amount of $14.1 and had $868.5 of borrowing availability under the Sixth A&R Credit Agreement. The weighted average interest rates on average borrowings under the Fifth A&R Credit Agreement and Sixth A&R Credit Agreement were 2.1% and 1.8% for the nine months ended July 2, 2022 and July 3, 2021, respectively.

Under the terms of the Sixth A&R Credit Agreement, loans bear interest, at the Company’s election, at a rate per annum equal to either (i) the Alternate Base Rate plus the Applicable Spread (each, as defined in the Sixth A&R Credit Agreement) or (ii) the Adjusted Term SOFR Rate for the Interest Period in effect for such borrowing plus the Applicable Spread (all as defined in the Sixth A&R Credit Agreement). Swingline Loans bear interest at the applicable Swingline Rate set forth in the Sixth A&R Credit Agreement. Further, interest rates for other select non-U.S. dollar borrowings, including borrowings denominated in euro, Pounds Sterling and Canadian Dollars, are based on separate interest rate indices, as set forth in the Sixth A&R Credit Agreement. The Sixth A&R Credit Agreement is secured by (i) a perfected first priority security interest in all of the accounts receivable, inventory and equipment of Scotts Miracle-Gro and certain of its domestic subsidiaries and (ii) the pledge of all of the capital stock of certain of Scotts Miracle-Gro’s domestic subsidiaries and a portion of the capital stock of certain of its foreign subsidiaries. The collateral does not include any of the Company’s intellectual property.

On June 8, 2022, the Company entered into Amendment No. 1 (the “Amendment”) to the Sixth A&R Credit Agreement. The Amendment increased the maximum permitted leverage ratio for the quarterly leverage covenant effective for the third quarter of fiscal 2022 until the earlier of (i) April 1, 2024 and (ii) subject to certain conditions specified in the Amendment, the termination by the Company of such increase (such period, the “Leverage Adjustment Period”). The Amendment also increases the interest rate applicable to borrowings under the revolving credit facility by 35 bps and the term loan facility by 50 bps, and increases the annual facility fee rate on the revolving credit facility by 15 bps, in each case, when the Company’s quarterly-tested leverage ratio exceeds 4.75. Additionally, the Amendment limits the Company’s ability to declare or pay any discretionary dividends, distributions or other restricted payments during the Leverage Adjustment Period to only the payment of (i) regularly scheduled cash dividends to holders of its common stock in an aggregate amount not to exceed $225.0 per fiscal year and (ii) other dividends, distributions or other restricted payments in an aggregate amount not to exceed $25.0; and requires pro forma compliance with certain leverage levels specified in the Amendment with respect to the Company’s ability to consummate certain acquisitions and incur debt.

The Sixth A&R Credit Agreement contains, among other obligations, an affirmative covenant regarding the Company’s leverage ratio determined as of the end of each of its fiscal quarters calculated as average total indebtedness, divided by the Company’s earnings before interest, taxes, depreciation and amortization, as adjusted pursuant to the terms of the Sixth A&R Credit Agreement (“Adjusted EBITDA”). Pursuant to the Amendment, the maximum permitted leverage ratio is (i) 6.25 for the third quarter of fiscal 2022 through the first quarter of fiscal 2023, (ii) 6.50 for the second and third quarters of fiscal 2023, (iii) 6.25 for the fourth quarter of fiscal 2023 and the first quarter of fiscal 2024, (iv) 5.50 for the second quarter of fiscal 2024, and (v) 4.50 for the third quarter of fiscal 2024 and thereafter. The Company’s leverage ratio was 5.10 at July 2, 2022. The Sixth A&R Credit Agreement also contains an affirmative covenant regarding the Company’s interest coverage ratio determined as of the end of each of its fiscal quarters. The interest coverage ratio is calculated as Adjusted EBITDA divided by interest expense, as described in the Sixth A&R Credit Agreement, and excludes costs related to refinancings. The minimum required interest coverage ratio is 3.00, which is unchanged from the Fifth A&R Credit Agreement. The Company’s interest coverage ratio was 5.89 for the twelve months ended July 2, 2022.

Senior Notes

On December 15, 2016, Scotts Miracle-Gro issued $250.0 aggregate principal amount of 5.250% Senior Notes due 2026 (the “5.250% Senior Notes”). 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.

On October 22, 2019, Scotts Miracle-Gro issued $450.0 aggregate principal amount of 4.500% Senior Notes due 2029 (the “4.500% Senior Notes”). The 4.500% 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 4.500% Senior Notes have interest payment dates of April 15 and October 15 of each year.

On March 17, 2021, Scotts Miracle-Gro issued $500.0 aggregate principal amount of 4.000% Senior Notes due 2031 (the “4.000% Senior Notes”). The 4.000% 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 4.000% Senior Notes have interest payment dates of April 1 and October 1 of each year.

On August 13, 2021, Scotts Miracle-Gro issued $400.0 aggregate principal amount of 4.375% Senior Notes due 2032 (the “4.375% Senior Notes”). The 4.375% 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 4.375% Senior Notes have interest payment dates of February 1 and August 1 of each year.

Substantially all of Scotts Miracle-Gro’s directly and indirectly owned domestic subsidiaries serve as guarantors of the 5.250% Senior Notes, the 4.500% Senior Notes, the 4.000% Senior Notes and the 4.375% Senior Notes.

Receivables Facility

On April 7, 2017, the Company entered into a Master Repurchase Agreement (including the annexes thereto, the “Repurchase Agreement”) and a Master Framework Agreement, as amended (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 agree to repurchase the receivables on a weekly basis. The eligible accounts receivable consist of accounts receivable generated by sales to three specified customers. The eligible amount of customer accounts receivables which may be sold under the Receivables Facility is $400.0 and the commitment amount during the seasonal commitment period that began on February 25, 2022 and ended on June 17, 2022 was $160.0. The Receivables Facility expires on August 19, 2022.

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 Sheets, primarily as a result of the Company’s requirement to repurchase receivables sold. As of July 2, 2022 and July 3, 2021, there were $250.0 and $0.0, respectively, in borrowings on receivables pledged as collateral under the Receivables Facility, and the carrying value of the receivables pledged as collateral was $277.8 and $0.0, respectively.

Interest Rate Swap Agreements

The Company enters into interest rate swap agreements with major financial institutions that effectively convert a portion of the Company’s variable-rate debt to a fixed rate. Interest payments made between the effective date and expiration date are hedged by the swap agreements. Swap agreements that were hedging interest payments as of July 2, 2022, July 3, 2021 and September 30, 2021 had a maximum total U.S. dollar equivalent notional amount of $800.0, $700.0 and $600.0, respectively. The notional amount, effective date, expiration date and rate of each of the swap agreements outstanding at July 2, 2022 are shown in the table below:


Notional Amount		Effective Date (a)	Expiration Date	Fixed Rate
100		12/21/2020	6/20/2023	1.36	%
300	(b)	1/7/2021	6/7/2023	1.34	%
200		10/7/2021	6/7/2023	1.37	%
200	(b)	1/20/2022	6/20/2024	0.58	%
200		6/7/2023	6/8/2026	0.85	%

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

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

Weighted Average Interest Rate

The weighted average interest rates on the Company’s debt were 3.4% and 3.6% for the nine months ended July 2, 2022 and July 3, 2021, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

DEBT - Senior Notes - 5.250% (Details) - Senior notes - 5.250% Senior Notes - USD ($) $ in Millions	Dec. 15, 2016	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Debt Instrument [Line Items]
Interest rate of debt (percentage)	5.25%	5.25%	5.25%	5.25%
Proceeds from issuance of unsecured debt	$ 250.0

IMPAIRMENT, RESTRUCTURING AND OTHER

9 Months Ended

Jul. 02, 2022

Restructuring and Related Activities [Abstract]

IMPAIRMENT, RESTRUCTURING AND OTHER

Activity described herein is classified within the “Cost of sales—impairment, restructuring and other” and “Impairment, restructuring and other” 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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Cost of sales—impairment, restructuring and other:
COVID-19 related costs	$	—	$	1.5	$	—	$	22.5
Restructuring and other charges (recoveries), net	58.8		(0.7)		61.3		(0.3)
Property, plant and equipment impairments	7.0		—		9.8		—
Operating expenses:
COVID-19 related costs	—		0.4		—		3.6
Restructuring and other charges, net	25.3		0.1		27.1		0.1
Goodwill and intangible asset impairments	633.1		—		633.1		—
Impairment, restructuring and other charges from continuing operations	$	724.2	$	1.3	$	731.3	$	25.9

The following table summarizes the activity related to liabilities associated with restructuring and other during the nine months ended July 2, 2022:


Amounts accrued for restructuring and other at September 30, 2021	$	1.9
Restructuring and other charges from continuing operations	40.0

Payments and other	(6.3)
Amounts accrued for restructuring and other at July 2, 2022	$	35.6

Included in restructuring accruals, as of July 2, 2022, is $2.0 that is classified as long-term. The remaining amounts accrued will continue to be paid out over the course of the next twelve months.

During the three and nine months ended July 2, 2022, the Company recognized non-cash, pre-tax goodwill and intangible asset impairment charges of $632.4 related to its Hawthorne segment in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations, comprised of $522.4 of goodwill impairment charges and $110.0 of finite-lived intangible asset impairment charges.

During the three and nine months ended July 2, 2022, the Company incurred inventory write-down charges of $45.9 in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations associated with its decision to discontinue and exit the market for certain lighting products and brands.

During the three and nine months ended July 2, 2022, the Company began implementing an expanded series of organizational changes and initiatives intended to create operational and management-level efficiencies. As part of this restructuring program, the Company is reducing the size of its supply chain network, reducing staffing levels and implementing other cost-reduction initiatives. During the three and nine months ended July 2, 2022, the Company incurred costs of $40.7 and $46.1, respectively, associated with this restructuring initiative primarily related to employee termination benefits and impairment of property, plant and equipment. The Company incurred costs of $9.5 in its U.S. Consumer segment and $10.4 and $15.6 in its Hawthorne segment in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three and nine months ended July 2, 2022, respectively. The Company incurred costs of $7.4 in its U.S. Consumer segment, $7.1 in its Hawthorne segment and $6.3 at Corporate in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three and nine months ended July 2, 2022, respectively.

The COVID-19 pandemic has had, and continues to have, an impact on financial markets, economic conditions, and portions of the Company’s business and industry. The Company has actively addressed the pandemic’s ongoing impact on its employees, operations, customers, consumers, and communities, by, among other things, implementing contingency plans, making operational adjustments where necessary, and providing assistance to organizations that support front-line workers. The first priority of the Company’s pandemic response has been and remains the health, safety and well-being of its employees. In addition to implementing measures to help ensure the health and safety of its employees, the Company implemented an

interim premium pay allowance for certain associates in its field sales force and its manufacturing and distribution centers. Costs incurred during the three and nine months ended July 2, 2022 related to COVID-19 were immaterial. During the three and nine months ended July 3, 2021, the Company incurred costs of $1.9 and $26.1, respectively, associated with the COVID-19 pandemic primarily related to premium pay. The Company incurred costs of $0.8 and $19.8 in its U.S. Consumer segment, $0.5 and $2.4 in its Hawthorne segment and $0.2 and $0.3 in its Other segment in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three and nine months ended July 3, 2021, respectively. The Company incurred costs of $0.3 and $3.5 in its U.S. Consumer segment and $0.1 in its Other segment in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three and nine months ended July 3, 2021, respectively.

Cover Page - shares	9 Months Ended
Cover Page - shares	Jul. 02, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 02, 2022
Document Transition Report	false
Entity File Number	001-11593
Entity Registrant Name	Scotts Miracle-Gro Co
Entity Central Index Key	0000825542
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1414921
Entity Address, Address Line One	14111 Scottslawn Road,
Entity Address, City or Town	Marysville,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43041
City Area Code	937
Local Phone Number	644-0011
Title of 12(b) Security	Common Shares, $0.01 stated value
Trading Symbol	SMG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		55,405,649

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Indefinite-lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	$ 323.9	$ 323.9
Total intangible assets, net	627.1	709.6	$ 677.8
Intangible Assets [Line Items]
Net Carrying Amount	303.2	385.7
Total indefinite-lived intangible assets	323.9	323.9
Intangible assets, net	627.1	709.6	$ 677.8
Tradenames
Indefinite-lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	168.2	168.2
Intangible Assets [Line Items]
Total indefinite-lived intangible assets	168.2	168.2
Roundup® marketing agreement amendment
Indefinite-lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	155.7	155.7
Intangible Assets [Line Items]
Total indefinite-lived intangible assets	155.7	155.7
Tradenames
Intangible Assets [Line Items]
Gross Carrying Amount	322.1	293.4
Accumulated Amortization/ Impairment Charges	(151.0)	(73.3)
Net Carrying Amount	171.1	220.1
Customer accounts
Intangible Assets [Line Items]
Gross Carrying Amount	252.9	228.3
Accumulated Amortization/ Impairment Charges	(143.1)	(91.7)
Net Carrying Amount	109.8	136.6
Technology
Intangible Assets [Line Items]
Gross Carrying Amount	49.2	49.2
Accumulated Amortization/ Impairment Charges	(43.0)	(41.3)
Net Carrying Amount	6.2	7.9
Other
Intangible Assets [Line Items]
Gross Carrying Amount	35.6	35.3
Accumulated Amortization/ Impairment Charges	(19.5)	(14.2)
Net Carrying Amount	$ 16.1	$ 21.1

IMPAIRMENT, RESTRUCTURING AND OTHER - Activity Related to Liabilities Associated with Restructuring (Details) $ in Millions	9 Months Ended
	Jul. 02, 2022 USD ($)
Restructuring Reserve [Roll Forward]
Amounts accrued for restructuring and other, beginning balance	$ 1.9
Restructuring and other charges from continuing operations	40.0
Payments and other	(6.3)
Amounts accrued for restructuring and other, ending balance	$ 35.6

ACQUISITIONS AND INVESTMENTS - Luxx Lighting (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jul. 02, 2022	Dec. 30, 2021	Sep. 30, 2021	Jul. 03, 2021
Business Acquisition [Line Items]
Common shares stated value (USD per share)	$ 0.01		$ 0.01	$ 0.01
Goodwill	$ 254.7		$ 605.2	$ 547.1
Hawthorne
Business Acquisition [Line Items]
Goodwill	0.0		$ 350.2
Hawthorne \| Luxx Lighting, Inc.
Business Acquisition [Line Items]
Consideration for the acquisition		$ 213.2
Number of shares issued in acquisition		0.1
Common shares stated value (USD per share)		$ 0.01
Fair value of shares issued in acquisition		$ 21.0
Refund liabilities and warranty claims	8.9
Inventory and accounts receivable acquired		32.8
Current assets		5.7
Liabilities		24.2
Finite-lived intangible assets acquired		47.3
Goodwill		$ 151.6
Increase (decrease), finite-lived identifiable intangible assets	(59.5)
Increase (decrease) in goodwill	$ 59.5
Hawthorne \| Luxx Lighting, Inc. \| Minimum
Business Acquisition [Line Items]
Intangible assets amortization period		5 years
Hawthorne \| Luxx Lighting, Inc. \| Maximum
Business Acquisition [Line Items]
Intangible assets amortization period		25 years

SEGMENT INFORMATION - Net Sales by Product Category (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Revenue from External Customer [Line Items]
Net sales	$ 1,186.1	$ 1,609.7	$ 3,430.4	$ 4,187.2
U.S. Consumer
Revenue from External Customer [Line Items]
Net sales	904.5	1,046.2	2,626.7	2,828.4
U.S. Consumer \| Lawn care
Revenue from External Customer [Line Items]
Net sales	219.0	224.6	878.9	920.9
U.S. Consumer \| Growing media and mulch
Revenue from External Customer [Line Items]
Net sales	488.7	573.9	1,110.7	1,196.3
U.S. Consumer \| Controls
Revenue from External Customer [Line Items]
Net sales	102.2	115.1	298.9	319.8
U.S. Consumer \| Roundup® marketing agreement
Revenue from External Customer [Line Items]
Net sales	30.8	46.9	115.5	128.0
U.S. Consumer \| Other
Revenue from External Customer [Line Items]
Net sales	63.8	85.7	222.7	263.4
Hawthorne
Revenue from External Customer [Line Items]
Net sales	154.5	421.9	547.7	1,095.1
Hawthorne \| Lighting
Revenue from External Customer [Line Items]
Net sales	37.5	126.7	128.9	350.5
Hawthorne \| Growing environments
Revenue from External Customer [Line Items]
Net sales	27.9	78.8	116.3	200.1
Hawthorne \| Nutrients
Revenue from External Customer [Line Items]
Net sales	37.6	104.5	118.6	245.7
Hawthorne \| Growing media
Revenue from External Customer [Line Items]
Net sales	25.6	57.9	96.3	151.9
Hawthorne \| Other, primarily hardware
Revenue from External Customer [Line Items]
Net sales	25.9	54.0	87.6	146.9
Other
Revenue from External Customer [Line Items]
Net sales	127.1	141.6	256.0	263.7
Other \| Lawn care
Revenue from External Customer [Line Items]
Net sales	46.6	48.5	85.8	87.7
Other \| Growing media
Revenue from External Customer [Line Items]
Net sales	45.9	57.3	88.8	102.0
Other \| Other, primarily gardening and controls
Revenue from External Customer [Line Items]
Net sales	$ 34.6	$ 35.8	$ 81.4	$ 74.0

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 02, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring Basis

The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:


		July 2, 2022				July 3, 2021				September 30, 2021
	Fair Value Hierarchy Level	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash equivalents	Level 1	$	13.4	$	13.4	$	3.2	$	3.2	$	222.5	$	222.5




Other
Investment securities in non-qualified retirement plan assets	Level 1	40.3		40.3		46.5		46.5		45.0		45.0


Convertible debt investments	Level 3	139.1		139.1		—		—		190.3		190.3

Liabilities




Debt instruments
Credit facilities – revolving loans	Level 2	617.4		617.4		278.8		278.8		—		—
Credit facilities – term loans	Level 2	987.5		987.5		680.0		680.0		670.0		670.0
Senior Notes due 2031 – 4.000%	Level 2	500.0		373.1		500.0		498.8		500.0		498.8
Senior Notes due 2032 – 4.375%	Level 2	400.0		302.0		—		—		400.0		402.0
Senior Notes due 2029 – 4.500%	Level 2	450.0		365.1		450.0		468.0		450.0		466.9
Senior Notes due 2026 – 5.250%	Level 2	250.0		232.5		250.0		260.6		250.0		258.1

Receivables facility	Level 2	250.0		250.0		—		—		—		—

Other debt	Level 2	15.9		15.9		7.9		7.9		11.9		11.9

Condensed Consolidated Statements of Cash Flows (Parenthetical)	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021	Mar. 17, 2021
Senior notes \| 4.000% Senior Notes
Interest rate of debt (percentage)	4.00%	4.00%	4.00%	4.00%

MARKETING AGREEMENT - Net Commission Earned Under Marketing Agreement (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Marketing Agreement [Line Items]
Contribution expenses	$ (883.7)	$ (1,114.3)	$ (2,415.6)	$ (2,822.2)
Restated Marketing Agreement
Marketing Agreement [Line Items]
Gross commission	20.9	34.7	73.4	84.9
Contribution expenses	(4.5)	(4.5)	(13.5)	(13.5)
Net commission	16.4	30.2	59.9	71.4
Reimbursements associated with Roundup® marketing agreement	14.8	17.7	56.4	58.4
Total net sales associated with Roundup® marketing agreement	$ 31.2	$ 47.9	$ 116.3	$ 129.8

DEBT - Credit Facilities (Details) $ in Millions				12 Months Ended
DEBT - Credit Facilities (Details) $ in Millions	Jun. 08, 2022 USD ($)	Apr. 08, 2022 USD ($)	Jul. 05, 2018 USD ($)	Jul. 02, 2022 USD ($)	Jul. 03, 2021
Debt Instrument [Line Items]
Weighted average interest rate (percentage)				3.40%	3.60%
Period Two
Debt Instrument [Line Items]
Debt instrument, leverage ratio				6.50
Period Three
Debt Instrument [Line Items]
Debt instrument, leverage ratio				6.25
Period Four
Debt Instrument [Line Items]
Debt instrument, leverage ratio				5.50
Period Five
Debt Instrument [Line Items]
Debt instrument, leverage ratio				4.50
Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (percentage)				2.10%	1.80%
Fifth Amended and Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity			$ 2,300.0
Leverage ratio				5.10
Interest coverage ratio				5.89
Fifth Amended and Restated Senior Secured Credit Agreement \| Period One
Debt Instrument [Line Items]
Debt instrument, leverage ratio				6.25
Fifth Amended and Restated Senior Secured Credit Agreement \| Minimum
Debt Instrument [Line Items]
Interest coverage ratio				3.00
Fifth Amended and Restated Senior Secured Credit Agreement \| Revolving Credit Facility
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity			1,500.0
Fifth Amended and Restated Senior Secured Credit Agreement \| Secured Term Loan
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity			800.0
Letters of credit			$ 75.0
Sixth Amended And Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity		$ 2,500.0
Sixth Amended And Restated Senior Secured Credit Agreement \| Revolving Credit Facility
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity		1,500.0
Letters of credit		100.0
Additional committed credit		500.0
Sixth Amended And Restated Senior Secured Credit Agreement \| Secured Term Loan
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity		$ 1,000.0
Sixth Amended And Restated Senior Secured Credit Agreement, Amendment One \| Revolving Credit Facility
Debt Instrument [Line Items]
Increase in interest rate, bps	35
Increase in annual facility fee rate, bps	15
Debt instrument, leverage ratio	4.75
Common stock cash dividends, maximum per fiscal year	$ 225.0
Other dividends and distributions, maximum	$ 25.0
Sixth Amended And Restated Senior Secured Credit Agreement, Amendment One \| Secured Term Loan
Debt Instrument [Line Items]
Increase in interest rate, bps	50
Credit Facilities
Debt Instrument [Line Items]
Available borrowing capacity				$ 868.5
Credit Facilities \| Letter of Credit
Debt Instrument [Line Items]
Principal amount				$ 14.1
Credit Facilities \| Fifth Amended and Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt, maturity period (years)			5 years
Credit Facilities \| Sixth Amended And Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt, maturity period (years)		5 years

GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The following table displays a rollforward of the carrying amount of goodwill by reportable segment:


	U.S. Consumer		Hawthorne		Other		Total










Goodwill	$	245.7	$	444.8	$	11.1	$	701.6
Accumulated impairment losses	(1.8)		(94.6)		—		(96.4)
Balance at September 30, 2021	243.9		350.2		11.1		605.2
Acquisitions and measurement-period adjustments	—		180.8		—		180.8
Foreign currency translation	—		(8.6)		(0.3)		(8.9)
Impairment	—		(522.4)		—		(522.4)


Goodwill	$	245.7	$	617.0	$	10.8	$	873.5
Accumulated impairment losses	(1.8)		(617.0)		—		(618.8)
Balance at July 2, 2022	$	243.9	$	—	$	10.8	$	254.7

The following table presents intangible assets, net of accumulated amortization and impairment charges:


	July 2, 2022						September 30, 2021
	Gross Carrying Amount		Accumulated Amortization/ Impairment Charges		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization/ Impairment Charges		Net Carrying Amount

Finite-lived intangible assets:
Trade names	$	322.1	$	(151.0)	$	171.1	$	293.4	$	(73.3)	$	220.1
Customer relationships	252.9		(143.1)		109.8		228.3		(91.7)		136.6
Technology	49.2		(43.0)		6.2		49.2		(41.3)		7.9
Other	35.6		(19.5)		16.1		35.3		(14.2)		21.1
Total finite-lived intangible assets, net					303.2						385.7
Indefinite-lived intangible assets:
Indefinite-lived trade names					168.2						168.2
Roundup® marketing agreement amendment					155.7						155.7

Total indefinite-lived intangible assets					323.9						323.9
Total intangible assets, net					$	627.1					$	709.6

During the third quarter of fiscal 2022, the Company’s Hawthorne reporting unit continued to experience adverse financial results driven by an oversupply of cannabis, which has slowed down indoor and outdoor cultivation, and higher transportation and warehousing costs. As a result, the Company made further revisions to its internal forecasts relating to its Hawthorne reporting unit. The Company concluded that the changes in circumstances in this reporting unit and the decline in the Company’s market capitalization triggered the need for an interim impairment review of its goodwill. These changes in circumstances also indicated that the carrying amounts of Hawthorne’s long-lived assets, including trade names and customer relationships, may not be recoverable. Accordingly, the Company performed a recoverability test for long-lived assets as of July 2, 2022. The Company concluded that the carrying value of long-lived assets exceeded their estimated fair value and recorded impairment charges of $69.0 related to trade names and $41.0 related to customer relationships in the “Impairment,

restructuring and other” line in the Condensed Consolidated Statements of Operations. The fair values of long-lived assets were determined using income-based approaches, including the relief-from-royalty method for trade names, that include market participant expectations of cash flows that the assets will generate over the remaining useful life discounted to present value using an appropriate discount rate. These fair value estimates utilize significant unobservable inputs and thus represent Level 3 fair value measurements.

After adjusting the carrying values of the finite-lived intangible assets, the Company completed an interim quantitative impairment test for goodwill. This quantitative test resulted in a non-cash, pre-tax goodwill impairment charge of $522.4 related to the Hawthorne reporting unit, which was recorded in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations. The carrying value of goodwill of the Hawthorne reporting unit, after recognizing the impairment, is zero. The estimated fair value of the Hawthorne reporting unit was based upon an equal weighting of the income-based and market-based approaches, utilizing estimated cash flows and a terminal value, discounted at a rate of return that reflects the relative risk of the cash flows, as well as valuation multiples derived from comparable publicly traded companies that are applied to operating performance of the reporting unit. The fair value estimate utilizes significant unobservable inputs and thus represents a Level 3 fair value measurement.

INVENTORIES

9 Months Ended

Jul. 02, 2022

Inventory Disclosure [Abstract]

INVENTORIES

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


	July 2, 2022		July 3, 2021		September 30, 2021

Finished goods	$	988.0	$	665.8	$	793.7
Raw materials	310.4		220.1		242.8
Work-in-process	109.2		76.9		90.1
Total inventories	$	1,407.6	$	962.8	$	1,126.6

Adjustments to reflect inventories at net realizable values were $69.3 at July 2, 2022, $21.3 at July 3, 2021 and $22.5 at September 30, 2021. Refer to “NOTE 6. IMPAIRMENT, RESTRUCTURING AND OTHER” for more information.

MARKETING AGREEMENT

9 Months Ended

Jul. 02, 2022

Marketing Agreement [Abstract]

MARKETING AGREEMENT

The Scotts Company LLC (“Scotts LLC”) is the exclusive agent of Monsanto Company, a subsidiary of Bayer AG (“Monsanto”), for the marketing and distribution of certain of Monsanto’s consumer Roundup® branded products in the United States and certain other specified countries. Effective August 1, 2019, the Company entered into the Third Amended and Restated Exclusive Agency and Marketing Agreement (the “Third Restated Agreement”) which amended, among other things, the provisions of the Second Amended and Restated Exclusive Agency and Marketing Agreement (the “Restated Marketing Agreement”) relating to commissions, contributions, noncompetition, and termination. The annual commission payable under the Third Restated Agreement is equal to 50% of the actual earnings before interest and income taxes of Monsanto’s consumer Roundup® business for each program year in the markets covered by the Third Restated Agreement (“Program EBIT”). The Third Restated Agreement also requires the Company to make annual payments of $18.0 to Monsanto as a contribution against the overall expenses of its consumer Roundup® business, subject to reduction pursuant to the Third Restated Agreement for any program year in which the Program EBIT does not equal or exceed $36.0.

Unless Monsanto terminates the Third Restated Agreement due to an event of default by the Company, termination rights under the Third Restated Agreement include the following:

•The Company may terminate the Third Restated Agreement upon the insolvency or bankruptcy of Monsanto;

•Monsanto may terminate the Third Restated Agreement in the event that Monsanto decides to decommission the permits, licenses and registrations needed for, and the trademarks, trade names, packages, copyrights and designs used in, the sale of the Roundup® products in the lawn and garden market (a “Brand Decommissioning Termination”); and

•Each party may terminate the Third Restated Agreement if Program EBIT falls below $50.0 and, in such case, no termination fee would be payable to either party.

The termination fee structure requires Monsanto to pay a termination fee to the Company in an amount equal to (i) $375.0 upon a Brand Decommissioning Termination, and (ii) the greater of $175.0 or four times an amount equal to the average of the Program EBIT for the three program years before the year of termination, minus $186.4, if Monsanto or its successor terminates the Third Restated Agreement as a result of a Roundup Sale or Change of Control of Monsanto (each, as defined in the Third Restated Agreement).


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Gross commission	$	20.9	$	34.7	$	73.4	$	84.9
Contribution expenses	(4.5)		(4.5)		(13.5)		(13.5)

Net commission	16.4		30.2		59.9		71.4
Reimbursements associated with Roundup® marketing agreement	14.8		17.7		56.4		58.4
Total net sales associated with Roundup® marketing agreement	$	31.2	$	47.9	$	116.3	$	129.8

LEASES - Additional Information (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Lessee, Lease, Description [Line Items]
Expected lease liability	$ 289.5	$ 300.8	$ 220.0
Residual value of leased asset	5.0
Not Yet Commenced
Lessee, Lease, Description [Line Items]
Expected lease liability	$ 54.6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Fair value, inputs, level 2
Derivatives, Fair Value [Line Items]
Total derivatives	$ 25.7	$ 13.5	$ (0.4)
Designated as Hedging Instruments \| Interest rate swap agreements \| Other assets
Derivatives, Fair Value [Line Items]
Derivative asset	12.3	3.3	2.8
Designated as Hedging Instruments \| Interest rate swap agreements \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	8.0	0.0	0.0
Designated as Hedging Instruments \| Fair value, inputs, level 2
Derivatives, Fair Value [Line Items]
Total derivatives	19.6	9.0	(2.6)
Designated as Hedging Instruments \| Fair value, inputs, level 2 \| Interest rate swap agreements \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	0.0	(5.7)	(6.5)
Designated as Hedging Instruments \| Fair value, inputs, level 2 \| Interest rate swap agreements \| Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	0.0	(2.5)	(3.4)
Designated as Hedging Instruments \| Fair value, inputs, level 2 \| Commodity hedging instruments \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(2.4)	0.0	0.0
Designated as Hedging Instruments \| Fair value, inputs, level 2 \| Commodity hedging instruments \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	1.7	13.9	4.5
Not Designated as Hedging Instrument \| Fair value, inputs, level 2
Derivatives, Fair Value [Line Items]
Total derivatives	6.1	4.5	2.2
Not Designated as Hedging Instrument \| Fair value, inputs, level 2 \| Currency forward contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	0.0	(0.2)	(0.3)
Not Designated as Hedging Instrument \| Fair value, inputs, level 2 \| Currency forward contracts \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	3.0	3.4	1.4
Not Designated as Hedging Instrument \| Fair value, inputs, level 2 \| Commodity hedging instruments \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	$ 3.1	$ 1.3	$ 1.1

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Income Statement [Abstract]
Net sales	$ 1,186.1	$ 1,609.7	$ 3,430.4	$ 4,187.2
Cost of sales	883.7	1,114.3	2,415.6	2,822.2
Cost of sales—impairment, restructuring and other	65.8	0.8	71.1	22.2
Gross profit	236.6	494.6	943.7	1,342.8
Operating expenses:
Selling, general and administrative	135.8	194.1	494.6	582.3
Impairment, restructuring and other	658.4	0.5	660.2	3.7
Other (income) expense, net	4.9	(2.1)	(1.0)	(3.4)
Income (loss) from operations	(562.5)	302.1	(210.1)	760.2
Equity in income of unconsolidated affiliates	15.1	21.5	1.3	20.0
Interest expense	31.0	21.9	83.1	57.3
Other non-operating income, net	(1.7)	(1.2)	(5.4)	(17.3)
Income (loss) from continuing operations before income taxes	(576.7)	302.9	(286.5)	740.2
Income tax expense (benefit) from continuing operations	(132.8)	73.1	(69.0)	174.2
Income (loss) from continuing operations	(443.9)	229.8	(217.5)	566.0
Loss from discontinued operations, net of tax	0.0	(3.9)	0.0	(4.7)
Net income (loss)	(443.9)	225.9	(217.5)	561.3
Net income attributable to noncontrolling interest	0.0	0.0	0.0	(0.9)
Net income (loss) attributable to controlling interest	$ (443.9)	$ 225.9	$ (217.5)	$ 560.4
Basic income (loss) per common share:
Income (loss) from continuing operations (USD per share)	$ (8.01)	$ 4.12	$ (3.91)	$ 10.15
Income (loss) from discontinued operations (USD per share)	0	(0.07)	0	(0.09)
Basic income (loss) per common share (USD per share)	$ (8.01)	$ 4.05	$ (3.91)	$ 10.06
Weighted-average common shares outstanding during the period (in shares)	55.4	55.8	55.6	55.7
Diluted income (loss) per common share:
Income (loss) from continuing operations (USD per share)	$ (8.01)	$ 4.00	$ (3.91)	$ 9.90
Income (loss) from discontinued operations (USD per share)	0	(0.06)	0	(0.09)
Diluted income (loss) per common share (USD per share)	$ (8.01)	$ 3.94	$ (3.91)	$ 9.81
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	55.4	57.4	55.6	57.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Accounting Policies [Abstract]
Percentage of annual net sales	75.00%
Noncash investing activities for unpaid liabilities incurred	$ 13.3	$ 13.8

DEBT - Senior Notes - 4.000% (Details) - Senior notes - 4.000% Senior Notes - USD ($) $ in Millions	Mar. 17, 2021	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Debt Instrument [Line Items]
Proceeds from issuance of unsecured debt	$ 500.0
Interest rate of debt (percentage)	4.00%	4.00%	4.00%	4.00%

EARNINGS PER COMMON SHARE - Additional Information (Details) - shares	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	55,400,000	57,400,000	55,600,000	57,100,000
Number of anti-dilutive potential common shares excluded from the calculation (in shares)	400,000		600,000
Dilutive potential Common Shares (in shares)	0	1,600,000	0	1,400,000
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potential common shares excluded from the calculation (in shares)	200,000	200,000	200,000	100,000

DEBT - Senior Notes - 4.500% (Details) - Senior notes - 4.500% Senior Notes - USD ($) $ in Millions	Oct. 22, 2019	Jul. 02, 2022	Sep. 30, 2021	Jul. 03, 2021
Debt Instrument [Line Items]
Proceeds from issuance of unsecured debt	$ 450.0
Interest rate of debt (percentage)	4.50%	4.50%	4.50%	4.50%

CONTINGENCIES	9 Months Ended
CONTINGENCIES	Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Management regularly evaluates the Company’s contingencies, including various judicial and administrative proceedings and claims arising in the ordinary course of business, including 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 2, 2022, $2.9 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 Company believes that the amounts accrued are 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. No accruals have been recorded in the Company’s consolidated financial statements as the likelihood of a loss is not probable at this time; and the Company does not believe a reasonably possible loss would be material to, nor does it expect the ultimate resolution of these cases will have a material adverse effect on, the Company’s financial condition, results of operations or cash flows. There can be no assurance that future developments related to pending claims or claims filed in the future, 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. 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.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References + Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on AOCI and Statements of Operations (Details) - Fair value, inputs, level 2 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	$ 15.9	$ 1.3	$ 27.4	$ (3.7)
Not Designated as Hedging Instrument \| Commodity hedging instruments \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	4.6	1.6	11.1	3.7
Not Designated as Hedging Instrument \| Currency forward contracts \| Other income / expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	11.3	(0.3)	16.3	(7.4)
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCL	(9.0)	1.6	16.8	11.5
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	(1.4)	(0.5)	3.0	(4.4)
Cash Flow Hedging \| Interest rate swap agreements
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCL	1.3	(2.0)	15.7	3.2
Cash Flow Hedging \| Interest rate swap agreements \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	(0.4)	(2.3)	(2.6)	(6.4)
Cash Flow Hedging \| Commodity hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCL	(10.3)	3.6	1.1	8.3
Cash Flow Hedging \| Commodity hedging instruments \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	$ (1.0)	$ 1.8	$ 5.6	$ 2.0

CONTINGENCIES (Details) $ in Millions	Jul. 02, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental actions	$ (2.9)

EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications	$ (103.7)	$ 4.6	$ (74.1)	$ 26.0
Amounts reclassified from accumulated other comprehensive net income (loss)	6.8	0.2	3.5	4.3
Income tax benefit (expense)	20.6	(0.7)	12.3	(5.1)
Total other comprehensive income (loss)	(76.3)	4.1	(58.3)	25.2
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(48.4)	(78.0)	(66.4)	(99.1)
Total other comprehensive income (loss)	(76.3)	4.1
Equity ending balance	(124.7)	(73.9)	(124.7)	(73.9)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(7.3)	1.9	(1.7)	(6.2)
Other comprehensive income (loss) before reclassifications	(12.3)	2.4	(17.9)	10.5
Amounts reclassified from accumulated other comprehensive net income (loss)	0.0	0.0	0.0	0.0
Income tax benefit (expense)	0.0	0.0	0.0	0.0
Total other comprehensive income (loss)	(12.3)	2.4	(17.9)	10.5
Equity ending balance	(19.6)	4.3	(19.6)	4.3
Net Unrealized Gains (Losses) On Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	31.5	(1.3)	10.2	(15.1)
Other comprehensive income (loss) before reclassifications	(12.2)	2.2	22.7	15.5
Amounts reclassified from accumulated other comprehensive net income (loss)	1.9	0.7	(4.1)	5.9
Income tax benefit (expense)	2.7	(0.8)	(4.8)	(5.5)
Total other comprehensive income (loss)	(7.6)	2.1	13.8	15.9
Equity ending balance	23.9	0.8	23.9	0.8
Net Unrealized Gains (Losses) On Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(2.1)	0.0	(2.3)	0.0
Other comprehensive income (loss) before reclassifications	(79.2)	0.0	(78.9)	0.0
Amounts reclassified from accumulated other comprehensive net income (loss)	0.0	0.0	0.0	0.0
Income tax benefit (expense)	19.2	0.0	19.1	0.0
Total other comprehensive income (loss)	(60.0)	0.0	(59.8)	0.0
Equity ending balance	(62.1)	0.0	(62.1)	0.0
Pension and Other Post-Retirement Benefit Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(70.5)	(78.6)	(72.5)	(77.8)
Other comprehensive income (loss) before reclassifications	0.0	0.0	0.0	0.0
Amounts reclassified from accumulated other comprehensive net income (loss)	4.9	(0.5)	7.6	(1.6)
Income tax benefit (expense)	(1.3)	0.1	(2.0)	0.4
Total other comprehensive income (loss)	3.6	(0.4)	5.6	(1.2)
Equity ending balance	$ (67.0)	$ (79.0)	$ (67.0)	$ (79.0)

LEASES - Supplemental Cash Flow Information and Non-Cash Activity Schedule (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Lease, Cost [Abstract]
Operating cash flows from operating leases, net	$ 62.3	$ 47.6
Operating cash flows from finance leases	0.9	1.0
Financing cash flows from finance leases	4.4	3.9
Right-of-use assets obtained in exchange for lease obligations, operating leases	45.0	100.1
Right-of-use assets obtained in exchange for lease obligations, finance leases	$ 0.4	$ 2.3

LEASES (Tables)

9 Months Ended

Jul. 02, 2022

Leases [Abstract]

Weighted-Average Remaining Lease Term and Discount Rate and Supplemental Balance Sheet Information Schedule

Supplemental balance sheet information related to the Company’s leases was as follows:


	Balance Sheet Location	July 2, 2022		July 3, 2021		September 30, 2021

Operating leases:
Right-of-use assets	Other assets	$	280.1	$	212.7	$	293.0

Current lease liabilities	Other current liabilities	71.8		62.3		66.4
Non-current lease liabilities	Other liabilities	217.7		157.7		234.4
Total operating lease liabilities		$	289.5	$	220.0	$	300.8

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	26.9	$	32.6	$	31.3

Current lease liabilities	Current portion of debt	6.1		5.8		5.9
Non-current lease liabilities	Long-term debt	23.2		28.7		27.5
Total finance lease liabilities		$	29.3	$	34.5	$	33.4

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	July 2, 2022
Weighted-average remaining lease term (in years):
Operating leases	5.1
Finance leases	7.5

Weighted-average discount rate:
Operating leases	3.3	%
Finance leases	4.3	%

Lease Cost Components and Supplemental Cash Flow Information and Non-Cash Activity For Company's Leases Schedules

Components of lease cost were as follows:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021

Operating lease cost (a)	$	21.4	$	18.8	$	63.8	$	50.3
Variable lease cost	9.5		8.8		30.4		24.0


Finance lease cost
Amortization of right-of-use assets	1.6		1.5		4.8		4.5
Interest on lease liabilities	0.3		0.3		0.9		1.0
Total finance lease cost	$	1.9	$	1.8	$	5.7	$	5.5

Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:


	Nine Months Ended
		July 2, 2022		July 3, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	62.3	$	47.6
Operating cash flows from finance leases		0.9		1.0
Financing cash flows from finance leases		4.4		3.9

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	45.0	$	100.1
Finance leases		0.4		2.3

Maturities of Operating Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of July 2, 2022 were as follows:


Year	Operating Leases		Finance Leases
2022 (remainder of the year)	$	21.1	$	1.8
2023	77.2		7.2
2024	69.0		7.2
2025	53.9		3.0
2026	36.9		1.9
Thereafter	56.2		13.6
Total lease payments	314.3		34.7
Less: Imputed interest	(24.8)		(5.4)
Total lease liabilities	$	289.5	$	29.3

Maturities of Finance Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of July 2, 2022 were as follows:


Year	Operating Leases		Finance Leases
2022 (remainder of the year)	$	21.1	$	1.8
2023	77.2		7.2
2024	69.0		7.2
2025	53.9		3.0
2026	36.9		1.9
Thereafter	56.2		13.6
Total lease payments	314.3		34.7
Less: Imputed interest	(24.8)		(5.4)
Total lease liabilities	$	289.5	$	29.3

DEBT - Receivables Facility (Details) $ in Millions	Apr. 07, 2017 USD ($) customer	Jul. 02, 2022 USD ($)	Jul. 03, 2021 USD ($)
Master Repurchase And Framework Agreements, The Amendments
Debt Instrument [Line Items]
Number of customers \| customer	3
Financing receivable, before allowance for credit loss	$ 400.0
Line of credit facility, maximum amount outstanding during period	$ 160.0
Receivables Facility
Debt Instrument [Line Items]
Receivables facility borrowings		$ 250.0	$ 0.0
Receivables facility \| Asset Pledged as Collateral
Debt Instrument [Line Items]
Financing receivable pledged as collateral		$ 277.8	$ 0.0