The Scotts Miracle-Gro Company (SMG) 10-Q 9 Feb 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jan. 01, 2022	Feb. 04, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 1, 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	Q1
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		55,583,886

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Income Statement [Abstract]
Net sales	$ 566	$ 748.6
Cost of sales	447.3	548.8
Cost of sales—impairment, restructuring and other	0	9
Gross profit	118.7	190.8
Operating expenses:
Selling, general and administrative	154.1	156.7
Impairment, restructuring and other	1.8	0.7
Other income, net	(1.8)	(0.6)
Income (loss) from operations	(35.4)	34
Equity in loss of unconsolidated affiliates	(7.3)	0
Interest expense	23.8	16.1
Other non-operating income, net	(1.8)	(15.2)
Income (loss) from continuing operations before income taxes	(64.7)	33.1
Income tax expense (benefit) from continuing operations	(14.7)	7.9
Income (loss) from continuing operations	(50)	25.2
Income (loss) from discontinued operations, net of tax	0	0
Net income (loss)	(50)	25.2
Net income attributable to noncontrolling interest	0	(0.8)
Net income (loss) attributable to controlling interest	$ (50)	$ 24.4
Basic income (loss) per common share:
Income (loss) from continuing operations (USD per share)	$ (0.90)	$ 0.44
Income (loss) from discontinued operations (USD per share)	0	0
Basic income (loss) per common share (USD per share)	$ (0.90)	$ 0.44
Weighted-average common shares outstanding during the period (in shares)	55.4	55.7
Diluted income (loss) per common share:
Income (loss) from continuing operations (USD per share)	$ (0.90)	$ 0.43
Income (loss) from discontinued operations (USD per share)	0	0
Diluted income (loss) per common share (USD per share)	$ (0.90)	$ 0.43
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	55.4	57.1

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (50)	$ 25.2
Other comprehensive income (loss):
Net foreign currency translation adjustment	(4.3)	12.4
Net unrealized gains on derivative instruments, net of tax	9.6	2.5
Reclassification of net unrealized (gains) losses on derivative instruments to net income (loss), net of tax	(0.2)	1.9
Net unrealized gains on securities, net of tax	0.1	0
Pension and other post-retirement benefit adjustments, net of tax	0.5	(1.2)
Total other comprehensive income	5.7	15.6
Comprehensive income (loss)	(44.3)	40.8
Comprehensive income attributable to noncontrolling interest	0	(0.8)
Comprehensive income (loss) attributable to controlling interest	$ (44.3)	$ 40

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
OPERATING ACTIVITIES
Net income (loss)	$ (50)	$ 25.2
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Share-based compensation expense	7.3	8.2
Depreciation	16	15.7
Amortization	8.9	7.4
Equity in loss of unconsolidated affiliates	7.3	0
Other, net	6.7	(14.3)
Changes in assets and liabilities, net of acquired businesses:
Accounts receivable	71.6	1.1
Inventories	(503.1)	(442.8)
Prepaid and other assets	(34.4)	(10.2)
Accounts payable	(145.2)	126.8
Other current liabilities	(149)	(125.7)
Other non-current items	(1.3)	(11.3)
Other, net	0.1	(0.8)
Net cash used in operating activities	(765.1)	(420.7)
INVESTING ACTIVITIES
Investments in property, plant and equipment	(46.1)	(34.6)
Investments in unconsolidated affiliates	0	(100.7)
Payment for acquisitions, net of cash acquired	(202.5)	(10)
Other investing, net	3.4	(2.9)
Net cash used in investing activities	(245.2)	(148.2)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	989.1	712.9
Repayments under revolving and bank lines of credit and term loans	(40.8)	(67.5)
Dividends paid	(37.1)	(34.6)
Purchase of Common Shares	(129.5)	(38.4)
Cash received from exercise of stock options	0.9	1.1
Net cash provided by financing activities	782.6	573.5
Effect of exchange rate changes on cash	0	0.3
Net (decrease) increase in cash and cash equivalents	(227.7)	4.9
Cash and cash equivalents at beginning of period	244.1	16.6
Cash and cash equivalents at end of period	$ 16.4	$ 21.5

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Current assets:
Cash and cash equivalents	$ 16.4	$ 244.1	$ 21.5
Accounts receivable, less allowances of $9.8, $6.8 and $16.8, respectively	310.8	483.4	346.6
Accounts receivable pledged	104.4	0
Inventories	1,657.2	1,126.6	1,068.3
Prepaid and other current assets	203.8	169.9	92
Total current assets	2,292.6	2,024	1,679.5
Investment in unconsolidated affiliates	199.7	207	202.9
Property, plant and equipment, net of accumulated depreciation of $753.0, $698.8 and $737.4, respectively	615.8	622.2	560.9
Goodwill	681.5	605.2	548.9
Intangible assets, net	811.7	709.6	685.4
Other assets	640.9	632	323.1
Total assets	5,242.2	4,800	4,000.7
Current liabilities:
Current portion of debt	160.7	57.8	188
Accounts payable	427.7	609.4	498.9
Other current liabilities	326.8	473.2	367.6
Total current liabilities	915.2	1,140.4	1,054.5
Long-term debt	3,082.2	2,236.7	1,979.8
Other liabilities	413.2	409.6	287.4
Total liabilities	4,410.6	3,786.7	3,321.7
Commitments and contingencies (Note 11)
Equity:
Common shares and capital in excess of $0.01 stated value per share; shares outstanding of 55.0, 55.6 and 55.6, respectively	486.9	477	490.5
Retained earnings	1,517.8	1,605.1	1,224.4
Treasury shares, at cost; 13.2, 12.6 and 12.6 shares, respectively	(1,112.4)	(1,002.4)	(958.8)
Accumulated other comprehensive loss	(60.7)	(66.4)	(83.5)
Total equity—controlling interest	831.6	1,013.3	672.6
Noncontrolling interest	0	0	6.4
Total equity	831.6	1,013.3	679
Total liabilities and equity	$ 5,242.2	$ 4,800	$ 4,000.7

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 9.8	$ 16.8	$ 6.8
Property, plant and equipment, accumulated depreciation	$ 753	$ 737.4	$ 698.8
Common shares stated value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Common shares outstanding (shares)	55	55.6	55.6
Treasury shares, at cost (shares)	13.2	12.6	12.6

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 01, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The Scotts Miracle-Gro Company (“Scotts Miracle-Gro” or “Parent”) and its subsidiaries (collectively, together with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of 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 months ended January 1, 2022 and January 2, 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 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 $5.5 and $6.3 during the three months ended January 1, 2022 and January 2, 2021, respectively, representing unpaid liabilities to acquire property, plant and equipment. Statements of Cash Flows Supplemental cash flow information was as follows: Three Months Ended January 1, January 2, Interest paid $ 32.1 $ 23.0 Income tax payments 0.6 0.2 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.

ACQUISITIONS AND INVESTMENTS

ACQUISITIONS AND INVESTMENTS	3 Months Ended
	Jan. 01, 2022
Business Combinations [Abstract]
ACQUISITIONS AND INVESTMENTS	ACQUISITIONS AND INVESTMENTS 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 $213.5, a portion of which was paid by the issuance of 0.1 million of the common shares 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. The valuation of the acquired assets included (i) $31.5 of inventory and accounts receivable, (ii) $3.8 of current assets, (iii) $0.6 of noncurrent assets, (iv) $4.3 of current liabilities, (v) $106.9 of finite-lived identifiable intangible assets and (vi) $75.0 of tax-deductible goodwill. Identifiable intangible assets included tradenames, 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 $10.0. The valuation of the acquired assets included (i) $1.2 of inventory and accounts receivable, (ii) $0.1 of noncurrent assets, (iii) $1.7 of current liabilities, (iv) $5.8 of finite-lived identifiable intangible assets and (v) $4.6 of tax-deductible goodwill. Identifiable intangible assets included tradenames and customer relationships with useful lives ranging between 15 and 20 years. The estimated fair values of the identifiable intangible assets were determined using an income-based approach, which includes market participant expectations of cash flows that an asset will generate over the remaining useful life discounted to present value using an appropriate discount rate. 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 purchase price is subject to a post-closing net working capital adjustment for which the Company has accrued its expected obligation of $0.4 as of January 1, 2022 in the “Other current liabilities” line in the Condensed Consolidated Balance Sheets. The valuation of the acquired assets included (i) $5.3 of inventory and accounts receivable, (ii) $1.7 of noncurrent assets, (iii) $2.1 of other liabilities, (iv) $23.1 of finite-lived identifiable intangible assets and (v) $37.3 of tax-deductible goodwill. Identifiable intangible assets included tradenames, customer relationships and non-complete 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. The Hawthorne Collective On August 24, 2021, the Company’s newly formed 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, which is based upon the RIV Capital closing stock price on August 9, 2021, would provide the Company with approximately 42 percent ownership of RIV Capital if it exercises the conversion feature. 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. The Company will not have control of or an active day-to-day role in RIV Capital nor any of the companies in which RIV Capital invests. RIV Capital has agreed to use the funds 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 additional 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) $0.5 of inventory, (ii) $10.9 of finite-lived identifiable intangible assets and (iii) $22.2 of tax-deductible goodwill. Identifiable intangible assets included tradenames, 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. Prior to closing, SMG Growing Media, Inc., a wholly-owned subsidiary of Scotts Miracle-Gro, was the holder of 80.5% of the outstanding shares of AeroGrow 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—controlling interest” in the Condensed Consolidated Balance Sheets.

INVESTMENT IN UNCONSOLIDATED AF

INVESTMENT IN UNCONSOLIDATED AFFILIATES	3 Months Ended
	Jan. 01, 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 a cash payment of $100.7, 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 months ended January 1, 2022, the Company recorded equity in loss of unconsolidated affiliates of $7.3 associated with Bonnie Plants, LLC. 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.

IMPAIRMENT, RESTRUCTURING AND O

IMPAIRMENT, RESTRUCTURING AND OTHER	3 Months Ended
	Jan. 01, 2022
Restructuring and Related Activities [Abstract]
IMPAIRMENT, RESTRUCTURING AND OTHER	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 for each of the periods presented: Three Months Ended January 1, January 2, Cost of sales—impairment, restructuring and other: COVID-19 related costs $ — $ 8.7 Restructuring and other charges, net — 0.3 Operating expenses: COVID-19 related costs — 0.6 Restructuring and other charges, net 1.8 0.1 Impairment, restructuring and other charges from continuing operations $ 1.8 $ 9.7 The following table summarizes the activity related to liabilities associated with restructuring and other during the three months ended January 1, 2022: Amounts accrued for restructuring and other at September 30, 2021 $ 1.9 Payments and other (0.2) Amounts accrued for restructuring and other at January 1, 2022 $ 1.7 Included in restructuring accruals, as of January 1, 2022, is $0.6 that is classified as long-term. Payments against the long-term accruals will be incurred as the employees covered by the restructuring plan retire or through the passage of time. The remaining amounts accrued will continue to be paid out over the course of the next twelve months. COVID-19 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. Many of the Company’s employees continue to work from home. In those instances where the Company’s employees cannot perform their work at home, the Company has implemented additional health and safety measures and social distancing protocols, consistent with government recommendations and/or requirements, to help to ensure their safety. In addition, the Company implemented an interim premium pay allowance for certain associates in its field sales force and its manufacturing or distribution centers during fiscal 2020 and 2021. Costs incurred during the three months ended January 1, 2022 related to COVID-19 were immaterial. During the three months ended January 2, 2021, the Company incurred costs of $9.3 associated with the COVID-19 pandemic primarily related to premium pay. The Company incurred costs of $8.3 in its U.S. Consumer segment and $0.4 in its Hawthorne segment in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three months ended January 2, 2021. The Company incurred costs of $0.6 in its U.S. Consumer segment in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three months ended January 2, 2021.

INVENTORIES

INVENTORIES	3 Months Ended
	Jan. 01, 2022
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following for each of the periods presented: January 1, January 2, September 30, Finished goods $ 1,208.5 $ 768.4 $ 793.7 Raw materials 338.8 215.9 242.8 Work-in-process 109.9 84.0 90.1 Total inventories $ 1,657.2 $ 1,068.3 $ 1,126.6 Adjustments to reflect inventories at net realizable values were $19.4 at January 1, 2022, $23.9 at January 2, 2021 and $22.5 at September 30, 2021.

MARKETING AGREEMENT

MARKETING AGREEMENT	3 Months Ended
	Jan. 01, 2022
Marketing Agreement [Abstract]
MARKETING AGREEMENT	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 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). 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 January 1, January 2, Gross commission $ 5.7 $ 7.7 Contribution expenses (4.5) (4.5) Net commission 1.2 3.2 Reimbursements associated with Roundup ® marketing agreement 19.6 14.0 Total net sales associated with Roundup ® marketing agreement $ 20.8 $ 17.2

DEBT

DEBT	3 Months Ended
	Jan. 01, 2022
Debt Disclosure [Abstract]
DEBT	DEBT The components of debt are as follows: January 1, January 2, September 30, Credit Facilities: Revolving loans $ 856.5 $ 599.6 $ — Term loans 660.0 700.0 670.0 Senior Notes due 2031 – 4.000% 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 94.0 136.0 — Finance lease obligations 31.9 34.8 33.4 Other 20.6 6.8 11.9 Total debt 3,263.0 2,177.2 2,315.3 Less current portions 160.7 188.0 57.8 Less unamortized debt issuance costs 20.1 9.4 20.8 Long-term debt $ 3,082.2 $ 1,979.8 $ 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”), providing 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”). At January 1, 2022, the Company had letters of credit outstanding in the aggregate principal amount of $19.9 and had $623.5 of borrowing availability under the Fifth A&R Credit Agreement. The weighted average interest rates on average borrowings under the Fifth A&R Credit Agreement were 1.8% and 2.1% for the three months ended January 1, 2022 and January 2, 2021, respectively. The Fifth A&R Credit Agreement contains, among other obligations, an affirmative covenant regarding the Company’s leverage ratio on the last day of each quarter calculated as average total indebtedness, divided by the Company’s earnings before interest, taxes, depreciation and amortization (“EBITDA”), as adjusted pursuant to the terms of the Fifth A&R Credit Agreement (“Adjusted EBITDA”). The maximum leverage ratio is 4.50. The Company’s leverage ratio was 3.32 at January 1, 2022. The Fifth 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 Fifth A&R Credit Agreement, and excludes costs related to refinancings. The minimum interest coverage ratio was 3.00 for the twelve months ended January 1, 2022. The Company’s interest coverage ratio was 8.73 for the twelve months ended January 1, 2022. The Fifth A&R Credit Agreement allows the Company to make unlimited restricted payments (as defined in the Fifth A&R Credit Agreement), including dividend payments on, and repurchases of, Common Shares, as long as the leverage ratio resulting from the making of such restricted payments is 4.00 or less. Otherwise, the Company may make further restricted payments in an aggregate amount for each fiscal year not to exceed $225.0. 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. Substantially all of Scotts Miracle-Gro’s directly and indirectly owned domestic subsidiaries serve as guarantors of the 5.250% Senior Notes. 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. All of Scotts Miracle-Gro’s domestic subsidiaries that serve as guarantors of the 5.250% Senior Notes also serve as guarantors of the 4.500% Senior Notes. 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. All of Scotts Miracle-Gro’s domestic subsidiaries that serve as guarantors of the 5.250% Senior Notes also serve as guarantors of the 4.000% Senior Notes. 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. All of Scotts Miracle-Gro’s domestic subsidiaries that serve as guarantors of the 5.250% Senior Notes also serve as guarantors of 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 beginning on February 25, 2022 and ending on June 17, 2022 is $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 January 1, 2022 and January 2, 2021, there were $94.0 and $136.0, respectively, in borrowings on receivables pledged as collateral under the Receivables Facility, and the carrying value of the receivables pledged as collateral was $104.4 and $151.1, respectively. Interest Rate Swap Agreements The Company has outstanding interest rate swap agreements with major financial institutions that effectively convert a portion of the Company’s variable-rate debt to a fixed rate. 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 January 1, 2022, January 2, 2021 and September 30, 2021 had a maximum total U.S. dollar equivalent notional amount of $600.0. The notional amount, effective date, expiration date and rate of each of the swap agreements outstanding at January 1, 2022 are shown in the table below: Notional Effective Expiration Fixed 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

EQUITY

EQUITY	3 Months Ended
	Jan. 02, 2021
Equity [Abstract]
EQUITY	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 Retained Treasury Accumulated Other Total Equity - Noncontrolling Total 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 The sum of the components may not equal due to rounding. Common Shares and Capital in Retained Treasury Accumulated Other Total Equity - Noncontrolling Total 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 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 Net Unrealized Gains (Losses) Net Unrealized Gains (Losses) Pension and Other Post-Retirement Accumulated Other Balance at September 30, 2021 $ (1.7) $ 10.2 $ (2.3) $ (72.5) $ (66.4) Other comprehensive income (loss) before reclassifications (4.3) 13.0 0.1 — 8.8 Amounts reclassified from accumulated other comprehensive net income (loss) — (0.3) — 0.7 0.4 Income tax benefit (expense) — (3.3) — (0.2) (3.5) Net current period other comprehensive income (loss) (4.3) 9.4 0.1 0.5 5.7 Balance at January 1, 2022 $ (6.0) $ 19.5 $ (2.2) $ (72.1) $ (60.7) Balance at September 30, 2020 $ (6.2) $ (15.1) $ — $ (77.8) $ (99.1) Other comprehensive income (loss) before reclassifications 12.4 3.4 — — 15.8 Amounts reclassified from accumulated other comprehensive net income (loss) — 2.6 — (1.6) 1.0 Income tax benefit (expense) — (1.6) — 0.4 (1.2) Net current period other comprehensive income (loss) 12.4 4.4 — (1.2) 15.6 Balance at January 2, 2021 $ 6.2 $ (10.7) $ — $ (79.0) $ (83.5) 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 the Company’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 the Company’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 timin g or amount of any repurchases. During the three months ended January 1, 2022 and January 2, 2021 , Scotts Miracle-Gro repurchased approximately 0.8 million and 0.2 million Common Shares under this share repurchase authorization for $125.0 and $38.0, respectively. The “Treasury share purchases” lines in the tables above include cash paid to tax authorities to satisfy statutory income tax withholding obligations related to share-based compensation of $4.5 and $0.3 for the three months ended January 1, 2022 and January 2, 2021, respectively. Share-Based Awards The following is a summary of the share-based awards granted during each of the periods indicated: Three Months Ended January 1, January 2, Employees Restricted stock units 4,818 1,687 Non-Employee Directors Restricted and deferred stock units 434 595 Total share-based awards 5,252 2,282 Aggregate fair value at grant dates $ 0.8 $ 0.3 Total share-based compensation was as follows for each of the periods indicated: Three Months Ended January 1, January 2, Share-based compensation $ 7.3 $ 8.2 Related tax benefit recognized 1.8 2.0 Performance-based awards On January 30, 2017, the Company issued 0.5 million upfront performance-based award units, covering a five-year performance period, with an estimated fair value of $43.3 on the date of grant to certain senior executives as part of its Project Focus initiative. These awards provided for a five-year vesting period based on achievement of specific performance goals aligned with the strategic objectives of the Company’s Project Focus initiatives. Based on the extent to which the targets were achieved, vested shares may range from 50 to 250 percent of the target award amount. The Company’s actual performance far exceeded the pre-defined performance goals of this award. As a result, the participants earned the maximum payout equal to 250% of the target shares granted (for a total payout of 1.1 million shares). As of December 1, 2021, the award payout was both fully earned and fully vested and the vested shares were delivered to the recipients on January 30, 2022. As such, these units are included in the computation of weighted-average common shares used for the Company’s basic income per Common Share calculation for the three months ended January 1, 2022

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Jan. 01, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents information necessary to calculate basic and diluted income per Common Share. Three Months Ended January 1, January 2, Income (loss) from continuing operations $ (50.0) $ 25.2 Net income attributable to noncontrolling interest — (0.8) Income (loss) attributable to controlling interest from continuing operations (50.0) 24.4 Income (loss) from discontinued operations, net of tax — — Net income (loss) attributable to controlling interest $ (50.0) $ 24.4 Basic income (loss) per common share: Weighted-average common shares outstanding during the period 55.4 55.7 Income (loss) from continuing operations $ (0.90) $ 0.44 Income (loss) from discontinued operations — — Basic net income (loss) per common share $ (0.90) $ 0.44 Diluted income (loss) per common share: Weighted-average common shares outstanding during the period 55.4 55.7 Dilutive potential common shares — 1.4 Weighted-average common shares outstanding during the period plus dilutive potential common shares 55.4 57.1 Income (loss) from continuing operations $ (0.90) $ 0.43 Income (loss) from discontinued operations — — Diluted net income (loss) per common share $ (0.90) $ 0.43 Diluted average common shares used in the diluted loss per common share calculation for the three months ended January 1, 2022 were 55.4 million, which excluded 1.3 million dilutive potential Common Shares because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for the three months ended January 1, 2022. Diluted average common shares used in the diluted income per common share calculation for the three months ended January 2, 2021 were 57.1 million, which included 1.4 million dilutive potential Common Shares. 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 months ended January 1, 2022, the average number of out-of-the-money options was 0.2 million. There were no out-of-the-money options for the three months ended January 2, 2021.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jan. 01, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rates related to continuing operations for the three months ended January 1, 2022 and January 2, 2021 were 22.7% and 23.9%, 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. 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 2012 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

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Jan. 01, 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 January 1, 2022, $3.0 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 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.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Jan. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	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 $164.2, $161.5 and $180.3 at January 1, 2022, January 2, 2021 and September 30, 2021, respectively. Contracts outstanding at January 1, 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. The swap agreements had a maximum total U.S. dollar equivalent notional amount of $600.0 at January 1, 2022, January 2, 2021 and September 30, 2021. Refer to “NOTE 7. DEBT” for the terms of the swap agreements outstanding at January 1, 2022. Included in the AOCL balance at January 1, 2022 was a loss of $3.0 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, diesel and resin requirements. Commodity contracts are valued using observable commodity exchange prices in active markets. Included in the AOCL balance at January 1, 2022 was a gain of $13.3 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 January 1, January 2, September 30, Urea 58,500 tons 40,500 tons 94,500 tons Resin — pounds 4,000,000 pounds — pounds Diesel 4,662,000 gallons 4,704,000 gallons 5,880,000 gallons Heating Oil 2,184,000 gallons 2,100,000 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 January 1, January 2, September 30, Interest rate swap agreements Other assets $ 5.2 $ — $ 3.3 Other current liabilities (4.3) (9.4) (5.7) Other liabilities (0.6) (7.9) (2.5) Commodity hedging instruments Prepaid and other current assets 9.6 2.1 13.9 Total derivatives designated as hedging instruments $ 9.9 $ (15.2) $ 9.0 Derivatives Not Designated as Hedging Instruments Balance Sheet Location Currency forward contracts Prepaid and other current assets $ 1.1 $ — $ 3.4 Other current liabilities (0.2) (6.6) (0.2) Commodity hedging instruments Prepaid and other current assets 1.2 0.4 1.3 Total derivatives not designated as hedging instruments 2.1 (6.2) 4.5 Total derivatives $ 12.0 $ (21.4) $ 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 January 1, January 2, Interest rate swap agreements $ 2.8 $ 0.3 Commodity hedging instruments 6.8 2.2 Total $ 9.6 $ 2.5 Derivatives in Cash Flow Hedging Relationships Reclassified from Amount of Gain / (Loss) Three Months Ended January 1, January 2, Interest rate swap agreements Interest expense $ (0.8) $ (1.8) Commodity hedging instruments Cost of sales 1.0 (0.1) Total $ 0.2 $ (1.9) Derivatives Not Designated as Hedging Instruments Recognized in Amount of Gain / (Loss) Three Months Ended January 1, January 2, Currency forward contracts Other income / expense, net $ 1.0 $ (8.0) Commodity hedging instruments Cost of sales 0.6 0.7 Total $ 1.6 $ (7.3)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jan. 01, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	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: January 1, January 2, September 30, Fair Value Carrying Estimated Carrying Estimated Carrying Estimated Assets Cash equivalents Level 1 $ 1.6 $ 1.6 $ 3.3 $ 3.3 $ 222.5 $ 222.5 Other Investment securities in non-qualified retirement plan assets Level 1 50.1 50.1 38.7 38.7 45.0 45.0 Convertible debt investments Level 3 191.3 191.3 — — 190.3 190.3 Liabilities Debt instruments Credit facilities – revolving loans Level 2 856.5 856.5 599.6 599.6 — — Credit facilities – term loans Level 2 660.0 660.0 700.0 700.0 670.0 670.0 Senior Notes due 2031 – 4.000% Level 2 500.0 495.0 — — 500.0 498.8 Senior Notes due 2032 – 4.375% Level 2 400.0 399.0 — — 400.0 402.0 Senior Notes due 2029 – 4.500% Level 2 450.0 468.6 450.0 484.9 450.0 466.9 Senior Notes due 2026 – 5.250% Level 2 250.0 256.6 250.0 263.4 250.0 258.1 Receivables facility Level 2 94.0 94.0 136.0 136.0 — — Other debt Level 2 20.6 20.6 6.8 6.8 11.9 11.9 The cost basis of convertible debt investments was $193.1 at January 1, 2022 and September 30, 2021. There were no purchases of convertible debt investments during the three months ended January 1, 2022. During the three months ended January 1, 2022, the Company recorded an unrealized gain of $0.2 in AOCL and recorded investment income of $0.8 associated with its Level 3 convertible debt investments. The amortized cost basis of convertible debt investments was $194.2 and $193.4 at January 1, 2022 and September 30, 2021, respectively.

LEASES

LEASES	3 Months Ended
	Jan. 01, 2022
Leases [Abstract]
LEASES	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 January 1, 2022, there were no material operating leases that the Company had entered into that were yet to commence. 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 months ended January 1, 2022 and January 2, 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 January 1, 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 January 1, January 2, September 30, Operating leases: Right-of-use assets Other assets $ 294.4 $ 169.6 $ 293.0 Current lease liabilities Other current liabilities 70.2 52.9 66.4 Non-current lease liabilities Other liabilities 232.8 122.9 234.4 Total operating lease liabilities $ 303.0 $ 175.8 $ 300.8 Finance leases: Right-of-use assets Property, plant and equipment, net $ 29.8 $ 33.3 $ 31.3 Current lease liabilities Current portion of debt 5.9 5.2 5.9 Non-current lease liabilities Long-term debt 26.0 29.6 27.5 Total finance lease liabilities $ 31.9 $ 34.8 $ 33.4 Components of lease cost were as follows: Three Months Ended January 1, January 2, Operating lease cost (a) $ 20.9 $ 15.4 Variable lease cost 9.7 3.1 Finance lease cost Amortization of right-of-use assets 1.6 1.5 Interest on lease liabilities 0.3 0.4 Total finance lease cost $ 1.9 $ 1.9 (a) Operating lease cost includes amortization of ROU assets of $17.6 and $13.3 for the three months ended January 1, 2022 and January 2, 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: Three Months Ended January 1, January 2, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases, net $ 20.2 $ 13.9 Operating cash flows from finance leases 0.3 0.4 Financing cash flows from finance leases 1.4 1.3 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 20.6 $ 25.6 Weighted-average remaining lease term and discount rate for the Company’s leases were as follows: January 1, Weighted-average remaining lease term (in years): Operating leases 5.4 Finance leases 7.7 Weighted-average discount rate: Operating leases 3.2 % Finance leases 4.2 % Maturities of lease liabilities by fiscal year for the Company’s leases as of January 1, 2022 were as follows: Year Operating Leases Finance Leases 2022 (remainder of the year) $ 59.7 $ 5.3 2023 71.9 7.1 2024 62.8 7.1 2025 48.6 2.9 2026 32.6 1.9 Thereafter 54.8 13.6 Total lease payments 330.4 37.9 Less: Imputed interest (27.4) (6.0) Total lease liabilities $ 303.0 $ 31.9
LEASES	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 January 1, 2022, there were no material operating leases that the Company had entered into that were yet to commence. 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 months ended January 1, 2022 and January 2, 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 January 1, 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 January 1, January 2, September 30, Operating leases: Right-of-use assets Other assets $ 294.4 $ 169.6 $ 293.0 Current lease liabilities Other current liabilities 70.2 52.9 66.4 Non-current lease liabilities Other liabilities 232.8 122.9 234.4 Total operating lease liabilities $ 303.0 $ 175.8 $ 300.8 Finance leases: Right-of-use assets Property, plant and equipment, net $ 29.8 $ 33.3 $ 31.3 Current lease liabilities Current portion of debt 5.9 5.2 5.9 Non-current lease liabilities Long-term debt 26.0 29.6 27.5 Total finance lease liabilities $ 31.9 $ 34.8 $ 33.4 Components of lease cost were as follows: Three Months Ended January 1, January 2, Operating lease cost (a) $ 20.9 $ 15.4 Variable lease cost 9.7 3.1 Finance lease cost Amortization of right-of-use assets 1.6 1.5 Interest on lease liabilities 0.3 0.4 Total finance lease cost $ 1.9 $ 1.9 (a) Operating lease cost includes amortization of ROU assets of $17.6 and $13.3 for the three months ended January 1, 2022 and January 2, 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: Three Months Ended January 1, January 2, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases, net $ 20.2 $ 13.9 Operating cash flows from finance leases 0.3 0.4 Financing cash flows from finance leases 1.4 1.3 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 20.6 $ 25.6 Weighted-average remaining lease term and discount rate for the Company’s leases were as follows: January 1, Weighted-average remaining lease term (in years): Operating leases 5.4 Finance leases 7.7 Weighted-average discount rate: Operating leases 3.2 % Finance leases 4.2 % Maturities of lease liabilities by fiscal year for the Company’s leases as of January 1, 2022 were as follows: Year Operating Leases Finance Leases 2022 (remainder of the year) $ 59.7 $ 5.3 2023 71.9 7.1 2024 62.8 7.1 2025 48.6 2.9 2026 32.6 1.9 Thereafter 54.8 13.6 Total lease payments 330.4 37.9 Less: Imputed interest (27.4) (6.0) Total lease liabilities $ 303.0 $ 31.9

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jan. 01, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	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 business 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 tables present financial information for the Company’s reportable segments for the periods indicated: Three Months Ended January 1, January 2, Net Sales: U.S. Consumer $ 342.4 $ 408.2 Hawthorne 190.6 309.4 Other 33.0 31.0 Consolidated $ 566.0 $ 748.6 Segment Profit (Loss): U.S. Consumer $ 10.7 $ 45.3 Hawthorne (5.3) 40.4 Other 1.3 — Total Segment Profit (Loss) 6.7 85.7 Corporate (31.4) (34.6) Intangible asset amortization (8.9) (7.4) Impairment, restructuring and other (1.8) (9.7) Equity in loss of unconsolidated affiliates (7.3) — Interest expense (23.8) (16.1) Other non-operating income, net 1.8 15.2 Income (loss) from continuing operations before income taxes $ (64.7) $ 33.1 The following table presents net sales by product category for the periods indicated: Three Months Ended January 1, January 2, U.S. Consumer: Lawn care $ 123.8 $ 166.0 Growing media and mulch 80.0 90.0 Controls 54.8 62.5 Roundup ® marketing agreement 20.8 17.3 Other 63.0 72.4 Hawthorne: Lighting 48.8 115.3 Growing environments 46.0 55.8 Nutrients 35.9 61.1 Growing media 29.9 35.6 Other, primarily hardware 30.0 41.6 Other: Growing media 15.0 16.8 Lawn care 2.6 4.8 Other, primarily gardening and controls 15.4 9.4 Total net sales $ 566.0 $ 748.6 The following table presents net sales by geographic area for the periods indicated: Three Months Ended January 1, January 2, Net sales: United States $ 506.7 $ 680.5 International 59.3 68.1 $ 566.0 $ 748.6

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jan. 01, 2022
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Scotts Miracle-Gro Company (“Scotts Miracle-Gro” or “Parent”) and its subsidiaries (collectively, together with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of 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 months ended January 1, 2022 and January 2, 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 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.
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.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jan. 01, 2022
Accounting Policies [Abstract]
Schedule of Supplemental Cash Flow Information	Supplemental cash flow information was as follows: Three Months Ended January 1, January 2, Interest paid $ 32.1 $ 23.0 Income tax payments 0.6 0.2

IMPAIRMENT, RESTRUCTURING AND_2

IMPAIRMENT, RESTRUCTURING AND OTHER (Tables)	3 Months Ended
	Jan. 01, 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 for each of the periods presented: Three Months Ended January 1, January 2, Cost of sales—impairment, restructuring and other: COVID-19 related costs $ — $ 8.7 Restructuring and other charges, net — 0.3 Operating expenses: COVID-19 related costs — 0.6 Restructuring and other charges, net 1.8 0.1 Impairment, restructuring and other charges from continuing operations $ 1.8 $ 9.7 The following table summarizes the activity related to liabilities associated with restructuring and other during the three months ended January 1, 2022: Amounts accrued for restructuring and other at September 30, 2021 $ 1.9 Payments and other (0.2) Amounts accrued for restructuring and other at January 1, 2022 $ 1.7

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Jan. 01, 2022
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consisted of the following for each of the periods presented: January 1, January 2, September 30, Finished goods $ 1,208.5 $ 768.4 $ 793.7 Raw materials 338.8 215.9 242.8 Work-in-process 109.9 84.0 90.1 Total inventories $ 1,657.2 $ 1,068.3 $ 1,126.6

MARKETING AGREEMENT (Tables)

MARKETING AGREEMENT (Tables)	3 Months Ended
	Jan. 01, 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 January 1, January 2, Gross commission $ 5.7 $ 7.7 Contribution expenses (4.5) (4.5) Net commission 1.2 3.2 Reimbursements associated with Roundup ® marketing agreement 19.6 14.0 Total net sales associated with Roundup ® marketing agreement $ 20.8 $ 17.2

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Jan. 01, 2022
Debt Disclosure [Abstract]
Components of Long-Term Debt	The components of debt are as follows: January 1, January 2, September 30, Credit Facilities: Revolving loans $ 856.5 $ 599.6 $ — Term loans 660.0 700.0 670.0 Senior Notes due 2031 – 4.000% 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 94.0 136.0 — Finance lease obligations 31.9 34.8 33.4 Other 20.6 6.8 11.9 Total debt 3,263.0 2,177.2 2,315.3 Less current portions 160.7 188.0 57.8 Less unamortized debt issuance costs 20.1 9.4 20.8 Long-term debt $ 3,082.2 $ 1,979.8 $ 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 January 1, 2022 are shown in the table below: Notional Effective Expiration Fixed 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.

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Jan. 01, 2022
Equity [Abstract]
Summary of Changes in 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 Retained Treasury Accumulated Other Total Equity - Noncontrolling Total 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 The sum of the components may not equal due to rounding. Common Shares and Capital in Retained Treasury Accumulated Other Total Equity - Noncontrolling Total 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 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 Net Unrealized Gains (Losses) Net Unrealized Gains (Losses) Pension and Other Post-Retirement Accumulated Other Balance at September 30, 2021 $ (1.7) $ 10.2 $ (2.3) $ (72.5) $ (66.4) Other comprehensive income (loss) before reclassifications (4.3) 13.0 0.1 — 8.8 Amounts reclassified from accumulated other comprehensive net income (loss) — (0.3) — 0.7 0.4 Income tax benefit (expense) — (3.3) — (0.2) (3.5) Net current period other comprehensive income (loss) (4.3) 9.4 0.1 0.5 5.7 Balance at January 1, 2022 $ (6.0) $ 19.5 $ (2.2) $ (72.1) $ (60.7) Balance at September 30, 2020 $ (6.2) $ (15.1) $ — $ (77.8) $ (99.1) Other comprehensive income (loss) before reclassifications 12.4 3.4 — — 15.8 Amounts reclassified from accumulated other comprehensive net income (loss) — 2.6 — (1.6) 1.0 Income tax benefit (expense) — (1.6) — 0.4 (1.2) Net current period other comprehensive income (loss) 12.4 4.4 — (1.2) 15.6 Balance at January 2, 2021 $ 6.2 $ (10.7) $ — $ (79.0) $ (83.5) 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: Three Months Ended January 1, January 2, Employees Restricted stock units 4,818 1,687 Non-Employee Directors Restricted and deferred stock units 434 595 Total share-based awards 5,252 2,282 Aggregate fair value at grant dates $ 0.8 $ 0.3
Schedule of Share-Based Compensation	Total share-based compensation was as follows for each of the periods indicated: Three Months Ended January 1, January 2, Share-based compensation $ 7.3 $ 8.2 Related tax benefit recognized 1.8 2.0

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Jan. 01, 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 January 1, January 2, Income (loss) from continuing operations $ (50.0) $ 25.2 Net income attributable to noncontrolling interest — (0.8) Income (loss) attributable to controlling interest from continuing operations (50.0) 24.4 Income (loss) from discontinued operations, net of tax — — Net income (loss) attributable to controlling interest $ (50.0) $ 24.4 Basic income (loss) per common share: Weighted-average common shares outstanding during the period 55.4 55.7 Income (loss) from continuing operations $ (0.90) $ 0.44 Income (loss) from discontinued operations — — Basic net income (loss) per common share $ (0.90) $ 0.44 Diluted income (loss) per common share: Weighted-average common shares outstanding during the period 55.4 55.7 Dilutive potential common shares — 1.4 Weighted-average common shares outstanding during the period plus dilutive potential common shares 55.4 57.1 Income (loss) from continuing operations $ (0.90) $ 0.43 Income (loss) from discontinued operations — — Diluted net income (loss) per common share $ (0.90) $ 0.43

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Jan. 01, 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 January 1, January 2, September 30, Urea 58,500 tons 40,500 tons 94,500 tons Resin — pounds 4,000,000 pounds — pounds Diesel 4,662,000 gallons 4,704,000 gallons 5,880,000 gallons Heating Oil 2,184,000 gallons 2,100,000 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 January 1, January 2, September 30, Interest rate swap agreements Other assets $ 5.2 $ — $ 3.3 Other current liabilities (4.3) (9.4) (5.7) Other liabilities (0.6) (7.9) (2.5) Commodity hedging instruments Prepaid and other current assets 9.6 2.1 13.9 Total derivatives designated as hedging instruments $ 9.9 $ (15.2) $ 9.0 Derivatives Not Designated as Hedging Instruments Balance Sheet Location Currency forward contracts Prepaid and other current assets $ 1.1 $ — $ 3.4 Other current liabilities (0.2) (6.6) (0.2) Commodity hedging instruments Prepaid and other current assets 1.2 0.4 1.3 Total derivatives not designated as hedging instruments 2.1 (6.2) 4.5 Total derivatives $ 12.0 $ (21.4) $ 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 January 1, January 2, Interest rate swap agreements $ 2.8 $ 0.3 Commodity hedging instruments 6.8 2.2 Total $ 9.6 $ 2.5 Derivatives in Cash Flow Hedging Relationships Reclassified from Amount of Gain / (Loss) Three Months Ended January 1, January 2, Interest rate swap agreements Interest expense $ (0.8) $ (1.8) Commodity hedging instruments Cost of sales 1.0 (0.1) Total $ 0.2 $ (1.9) Derivatives Not Designated as Hedging Instruments Recognized in Amount of Gain / (Loss) Three Months Ended January 1, January 2, Currency forward contracts Other income / expense, net $ 1.0 $ (8.0) Commodity hedging instruments Cost of sales 0.6 0.7 Total $ 1.6 $ (7.3)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jan. 01, 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: January 1, January 2, September 30, Fair Value Carrying Estimated Carrying Estimated Carrying Estimated Assets Cash equivalents Level 1 $ 1.6 $ 1.6 $ 3.3 $ 3.3 $ 222.5 $ 222.5 Other Investment securities in non-qualified retirement plan assets Level 1 50.1 50.1 38.7 38.7 45.0 45.0 Convertible debt investments Level 3 191.3 191.3 — — 190.3 190.3 Liabilities Debt instruments Credit facilities – revolving loans Level 2 856.5 856.5 599.6 599.6 — — Credit facilities – term loans Level 2 660.0 660.0 700.0 700.0 670.0 670.0 Senior Notes due 2031 – 4.000% Level 2 500.0 495.0 — — 500.0 498.8 Senior Notes due 2032 – 4.375% Level 2 400.0 399.0 — — 400.0 402.0 Senior Notes due 2029 – 4.500% Level 2 450.0 468.6 450.0 484.9 450.0 466.9 Senior Notes due 2026 – 5.250% Level 2 250.0 256.6 250.0 263.4 250.0 258.1 Receivables facility Level 2 94.0 94.0 136.0 136.0 — — Other debt Level 2 20.6 20.6 6.8 6.8 11.9 11.9

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Jan. 01, 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 January 1, January 2, September 30, Operating leases: Right-of-use assets Other assets $ 294.4 $ 169.6 $ 293.0 Current lease liabilities Other current liabilities 70.2 52.9 66.4 Non-current lease liabilities Other liabilities 232.8 122.9 234.4 Total operating lease liabilities $ 303.0 $ 175.8 $ 300.8 Finance leases: Right-of-use assets Property, plant and equipment, net $ 29.8 $ 33.3 $ 31.3 Current lease liabilities Current portion of debt 5.9 5.2 5.9 Non-current lease liabilities Long-term debt 26.0 29.6 27.5 Total finance lease liabilities $ 31.9 $ 34.8 $ 33.4 Weighted-average remaining lease term and discount rate for the Company’s leases were as follows: January 1, Weighted-average remaining lease term (in years): Operating leases 5.4 Finance leases 7.7 Weighted-average discount rate: Operating leases 3.2 % Finance leases 4.2 %
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 January 1, January 2, Operating lease cost (a) $ 20.9 $ 15.4 Variable lease cost 9.7 3.1 Finance lease cost Amortization of right-of-use assets 1.6 1.5 Interest on lease liabilities 0.3 0.4 Total finance lease cost $ 1.9 $ 1.9 (a) Operating lease cost includes amortization of ROU assets of $17.6 and $13.3 for the three months ended January 1, 2022 and January 2, 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: Three Months Ended January 1, January 2, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases, net $ 20.2 $ 13.9 Operating cash flows from finance leases 0.3 0.4 Financing cash flows from finance leases 1.4 1.3 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 20.6 $ 25.6
Maturities of Operating Lease Liabilities by Fiscal Year Schedule	Maturities of lease liabilities by fiscal year for the Company’s leases as of January 1, 2022 were as follows: Year Operating Leases Finance Leases 2022 (remainder of the year) $ 59.7 $ 5.3 2023 71.9 7.1 2024 62.8 7.1 2025 48.6 2.9 2026 32.6 1.9 Thereafter 54.8 13.6 Total lease payments 330.4 37.9 Less: Imputed interest (27.4) (6.0) Total lease liabilities $ 303.0 $ 31.9
Maturities of Finance Lease Liabilities by Fiscal Year Schedule	Maturities of lease liabilities by fiscal year for the Company’s leases as of January 1, 2022 were as follows: Year Operating Leases Finance Leases 2022 (remainder of the year) $ 59.7 $ 5.3 2023 71.9 7.1 2024 62.8 7.1 2025 48.6 2.9 2026 32.6 1.9 Thereafter 54.8 13.6 Total lease payments 330.4 37.9 Less: Imputed interest (27.4) (6.0) Total lease liabilities $ 303.0 $ 31.9

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jan. 01, 2022
Segment Reporting [Abstract]
Summary of Segment Financial Information	The following tables present financial information for the Company’s reportable segments for the periods indicated: Three Months Ended January 1, January 2, Net Sales: U.S. Consumer $ 342.4 $ 408.2 Hawthorne 190.6 309.4 Other 33.0 31.0 Consolidated $ 566.0 $ 748.6 Segment Profit (Loss): U.S. Consumer $ 10.7 $ 45.3 Hawthorne (5.3) 40.4 Other 1.3 — Total Segment Profit (Loss) 6.7 85.7 Corporate (31.4) (34.6) Intangible asset amortization (8.9) (7.4) Impairment, restructuring and other (1.8) (9.7) Equity in loss of unconsolidated affiliates (7.3) — Interest expense (23.8) (16.1) Other non-operating income, net 1.8 15.2 Income (loss) from continuing operations before income taxes $ (64.7) $ 33.1 The following table presents net sales by product category for the periods indicated: Three Months Ended January 1, January 2, U.S. Consumer: Lawn care $ 123.8 $ 166.0 Growing media and mulch 80.0 90.0 Controls 54.8 62.5 Roundup ® marketing agreement 20.8 17.3 Other 63.0 72.4 Hawthorne: Lighting 48.8 115.3 Growing environments 46.0 55.8 Nutrients 35.9 61.1 Growing media 29.9 35.6 Other, primarily hardware 30.0 41.6 Other: Growing media 15.0 16.8 Lawn care 2.6 4.8 Other, primarily gardening and controls 15.4 9.4 Total net sales $ 566.0 $ 748.6 The following table presents net sales by geographic area for the periods indicated: Three Months Ended January 1, January 2, Net sales: United States $ 506.7 $ 680.5 International 59.3 68.1 $ 566.0 $ 748.6

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Accounting Policies [Abstract]
Percentage of annual net sales	75.00%
Noncash investing activities for unpaid liabilities incurred	$ 5.5	$ 6.3

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Accounting Policies [Abstract]
Interest paid	$ 32.1	$ 23
Income tax payments	$ 0.6	$ 0.2

ACQUISITIONS AND INVESTMENTS -

ACQUISITIONS AND INVESTMENTS - Luxx Lighting (Details) - USD ($) shares in Millions, $ in Millions	Dec. 30, 2021	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Business Acquisition [Line Items]
Goodwill		$ 681.5	$ 605.2	$ 548.9
Hawthorne | Luxx Lighting, Inc.
Business Acquisition [Line Items]
Consideration for the acquisition	$ 213.5
Number of shares issued in acquisition	0.1
Fair value of shares issued in acquisition	$ 21
Inventory and accounts receivable acquired	31.5
Noncurrent assets acquired	0.6
Liabilities	4.3
Finite-lived intangible assets acquired	106.9
Goodwill	$ 75
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

ACQUISITIONS AND INVESTMENTS _2

ACQUISITIONS AND INVESTMENTS - True Liberty Bags (Details) - USD ($) $ in Millions	Dec. 23, 2021	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Business Acquisition [Line Items]
Goodwill		$ 681.5	$ 605.2	$ 548.9
Hawthorne | True Liberty Bags
Business Acquisition [Line Items]
Consideration for the acquisition	$ 10
Inventory and accounts receivable acquired	1.2
Noncurrent assets acquired	0.1
Liabilities	1.7
Finite-lived intangible assets acquired	5.8
Goodwill	$ 4.6
Hawthorne | True Liberty Bags | Minimum
Business Acquisition [Line Items]
Intangible assets amortization period	15 years
Hawthorne | True Liberty Bags | Maximum
Business Acquisition [Line Items]
Intangible assets amortization period	20 years

ACQUISITIONS AND INVESTMENTS _3

ACQUISITIONS AND INVESTMENTS - Hydro-Logic (Details) - USD ($) $ in Millions	Aug. 27, 2021	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Business Acquisition [Line Items]
Goodwill		$ 681.5	$ 605.2	$ 548.9
Hawthorne | Hydro-Logic Purification Systems, Inc.
Business Acquisition [Line Items]
Consideration for the acquisition	$ 65.3
Post-closing working capital adjustment		$ 0.4
Inventory and accounts receivable acquired	5.3
Noncurrent assets acquired	1.7
Other liabilities assumed	2.1
Finite-lived intangible assets acquired	23.1
Goodwill	$ 37.3
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	25 years

ACQUISITIONS AND INVESTMENTS _4

ACQUISITIONS AND INVESTMENTS - The Hawthorne Collective (Details) - RIV Capital, Inc. $ in Millions	Aug. 09, 2021USD ($)	Sep. 30, 2021USD ($)board_member	Aug. 24, 2021nomineeboard_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		4	7
Number of Company nominees added to the Board of Directors | nominee			3
Acquisition of noncontrolling interests		$ 43.1
Convertible Promissory Notes
Business Acquisition [Line Items]
Principal amount of debt	$ 150
Debt term	6 years
Interest rate of debt (percentage)	2.00%

ACQUISITIONS AND INVESTMENTS _5

ACQUISITIONS AND INVESTMENTS - Rhizoflora (Details) - USD ($) $ in Millions	Aug. 13, 2021	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Business Acquisition [Line Items]
Goodwill		$ 681.5	$ 605.2	$ 548.9
Rhizoflora, Inc. | Hawthorne
Business Acquisition [Line Items]
Consideration for the acquisition	$ 33.7
Inventory acquired	0.5
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

ACQUISITIONS AND INVESTMENTS _6

ACQUISITIONS AND INVESTMENTS - AeroGrow (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 26, 2021	Nov. 11, 2020	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Business Acquisition [Line Items]
Noncontrolling interest, carrying value			$ 0	$ 0	$ 6.4
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
Cash consideration		$ 20.1

INVESTMENT IN UNCONSOLIDATED _2

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	Dec. 31, 2020	Jan. 01, 2022	Jan. 02, 2021	Sep. 30, 2021
Investments in and Advances to Affiliates [Line Items]
Payments to acquire equity interests	$ 100.7	$ 0	$ 100.7
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		199.7	202.9	$ 207
Equity in loss of unconsolidated affiliates		$ (7.3)	$ 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_3

IMPAIRMENT, RESTRUCTURING AND OTHER - Impairment, Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	$ 1.8	$ 0.7
Impairment, restructuring and other charges from continuing operations	1.8	9.7
COVID-19 related costs | Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	0	8.7
COVID-19 related costs | Operating expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	0	0.6
Restructuring and other charges, net | Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	0	0.3
Restructuring and other charges, net | Operating expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	$ 1.8	$ 0.1

IMPAIRMENT, RESTRUCTURING AND_4

IMPAIRMENT, RESTRUCTURING AND OTHER - Activity Related to Liabilities Associated with Restructuring (Details) $ in Millions	3 Months Ended
	Jan. 01, 2022USD ($)
Restructuring Reserve [Roll Forward]
Amounts accrued for restructuring and other, beginning balance	$ 1.9
Payments and other	(0.2)
Amounts accrued for restructuring and other, ending balance	$ 1.7

IMPAIRMENT, RESTRUCTURING AND_5

IMPAIRMENT, RESTRUCTURING AND OTHER - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 02, 2021	Jan. 01, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, long-term		$ 0.6
COVID-19 related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 9.3
COVID-19 related costs | Cost of sales—impairment, restructuring and other | Hawthorne
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	0.4
COVID-19 related costs | Cost of sales—impairment, restructuring and other | U.S. Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	8.3
COVID-19 related costs | Restructuring, settlement and impairment provisions | U.S. Consumer
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 0.6

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 1,208.5	$ 793.7	$ 768.4
Raw materials	338.8	242.8	215.9
Work-in-process	109.9	90.1	84
Total inventories	1,657.2	1,126.6	1,068.3
Adjustments to reflect inventories at net realizable values	$ 19.4	$ 22.5	$ 23.9

MARKETING AGREEMENT - Additiona

MARKETING AGREEMENT - Additional Information (Details) $ in Millions	Aug. 01, 2019USD ($)
Restated Marketing Agreement
Marketing Agreement [Line Items]
Percentage of program earnings	50.00%
Annual payments	$ 18
Third Restated Agreement
Marketing Agreement [Line Items]
Minimum annual EBIT required to avoid reduction of contribution payment	36
Minimum EBIT	50
Brand decommissioning event payable	375
Termination fee payable	$ 175
Minimum termination fee payable multiple	4
Minimum termination fee payable threshold	$ 186.4

MARKETING AGREEMENT - Net Commi

MARKETING AGREEMENT - Net Commission Earned Under Marketing Agreement (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Marketing Agreement [Line Items]
Contribution expenses	$ (447.3)	$ (548.8)
Restated Marketing Agreement
Marketing Agreement [Line Items]
Gross commission	5.7	7.7
Contribution expenses	(4.5)	(4.5)
Net commission	1.2	3.2
Reimbursements associated with Roundup® marketing agreement	19.6	14
Total net sales associated with Roundup® marketing agreement	$ 20.8	$ 17.2

DEBT - Components of Long-Term

DEBT - Components of Long-Term Debt (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Aug. 13, 2021	Mar. 17, 2021	Jan. 02, 2021	Oct. 22, 2019	Dec. 15, 2016
Debt Instrument [Line Items]
Total debt	$ 3,263	$ 2,315.3			$ 2,177.2
Less current portions	160.7	57.8			188
Long-term debt	3,082.2	2,236.7			1,979.8
Credit Facilities | Revolving loans
Debt Instrument [Line Items]
Total debt	856.5	0			599.6
Credit Facilities | Term loans
Debt Instrument [Line Items]
Total debt	$ 660	$ 670			$ 700
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	$ 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	$ 400			$ 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	$ 450			$ 450
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	$ 250			$ 250
Receivables facility
Debt Instrument [Line Items]
Total debt	94	0
Finance lease obligations
Debt Instrument [Line Items]
Total debt	31.9	33.4			34.8
Other
Debt Instrument [Line Items]
Total debt	20.6	11.9			6.8
Long-term debt
Debt Instrument [Line Items]
Less unamortized debt issuance costs	$ 20.1	$ 20.8			$ 9.4

DEBT - Credit Facilities (Detai

DEBT - Credit Facilities (Details) $ in Millions	Jul. 05, 2018USD ($)	Jan. 01, 2022USD ($)	Jan. 02, 2021
Debt Instrument [Line Items]
Weighted average interest rate (percentage)		3.60%	3.80%
Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (percentage)		1.80%	2.10%
Fifth Amended and Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity	$ 2,300
Leverage ratio		3.32
Interest coverage ratio		8.73
Leverage ratio, restricted payment threshold		4
Restricted payment limitation per year		$ 225
Fifth Amended and Restated Senior Secured Credit Agreement | Maximum
Debt Instrument [Line Items]
Leverage ratio		4.50
Fifth Amended and Restated Senior Secured Credit Agreement | Minimum
Debt Instrument [Line Items]
Interest coverage ratio		3
Fifth Amended and Restated Senior Secured Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity	1,500
Fifth Amended and Restated Senior Secured Credit Agreement | Secured Term Loan
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity	$ 800
Credit Facilities
Debt Instrument [Line Items]
Available borrowing capacity		$ 623.5
Credit Facilities | Letter of Credit
Debt Instrument [Line Items]
Principal amount		$ 19.9
Credit Facilities | Fifth Amended and Restated Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt, maturity period (years)	5 years

DEBT - Senior Notes - 5.250% (D

DEBT - Senior Notes - 5.250% (Details) - Senior notes - 5.250% Senior Notes - USD ($) $ in Millions	Dec. 15, 2016	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 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

DEBT - Senior Notes - 4.500% (D

DEBT - Senior Notes - 4.500% (Details) - Senior notes - 4.500% Senior Notes - USD ($) $ in Millions	Oct. 22, 2019	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Debt Instrument [Line Items]
Proceeds from issuance of unsecured debt	$ 450
Interest rate of debt (percentage)	4.50%	4.50%	4.50%	4.50%

DEBT - Senior Notes - 4.000% (D

DEBT - Senior Notes - 4.000% (Details) - Senior notes - 4.000% Senior Notes - USD ($) $ in Millions	Mar. 17, 2021	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Debt Instrument [Line Items]
Proceeds from issuance of unsecured debt	$ 500
Interest rate of debt (percentage)	4.00%	4.00%	4.00%	4.00%

DEBT - Senior Notes - 4.375% (D

DEBT - Senior Notes - 4.375% (Details) - Senior notes - USD ($)	Jan. 01, 2022	Sep. 30, 2021	Aug. 13, 2021	Jan. 02, 2021	Dec. 15, 2016
4.375% Senior Notes
Debt Instrument [Line Items]
Principal amount of debt			$ 400,000,000
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%

DEBT - Receivables Facility (De

DEBT - Receivables Facility (Details) - USD ($) $ in Millions	Apr. 07, 2017	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Debt Instrument [Line Items]
Accounts receivable pledged		$ 104.4	$ 0
Master Repurchase And Framework Agreements, The Amendments
Debt Instrument [Line Items]
Financing receivable, before allowance for credit loss	$ 400
Line of credit facility, maximum amount outstanding during period	$ 160
Receivables Facility
Debt Instrument [Line Items]
Receivables facility borrowings		94		$ 136
Receivables facility
Debt Instrument [Line Items]
Accounts receivable pledged		$ 104.4		$ 151.1

DEBT - Interest Rate Swap Agree

DEBT - Interest Rate Swap Agreements (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Instrument 1
Derivative [Line Items]
Derivative, notional amount	$ 100
Fixed Rate	1.36%
Instrument 2
Derivative [Line Items]
Derivative, notional amount	$ 300
Fixed Rate	1.34%
Instrument 3
Derivative [Line Items]
Derivative, notional amount	$ 200
Fixed Rate	1.37%
Instrument 4
Derivative [Line Items]
Derivative, notional amount	$ 200
Fixed Rate	0.58%
Instrument 5
Derivative [Line Items]
Derivative, notional amount	$ 200
Fixed Rate	0.85%
Derivatives designated as hedging instruments | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 600	$ 600	$ 600

DEBT - Weighted Average Interes

DEBT - Weighted Average Interest Rate (Details)	Jan. 01, 2022	Jan. 02, 2021
Debt Disclosure [Abstract]
Weighted average interest rate (percentage)	3.60%	3.80%

EQUITY - Summary of the Changes

EQUITY - Summary of the Changes in Equity (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 30, 2021	Jul. 27, 2020	Jul. 30, 2019	Jan. 01, 2022	Jan. 02, 2021
Schedule of Equity Method Investments [Line Items]
Dividends declared (USD per share)	$ 0.66	$ 0.62	$ 0.58	$ 0.66	$ 0.62
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				$ 1,013.3
Noncontrolling interest, beginning balance				0
Total equity, beginning balance				1,013.3	$ 702.9
Net income (loss)				(50)	25.2
Other comprehensive income (loss)				5.7	15.6
Share-based compensation				7.3	8.2
Dividends declared				(37.3)	(35.7)
Treasury share purchases				(129.5)	(38.4)
Treasury share issuances				22.1	1.2
Equity ending balance				831.6	672.6
Noncontrolling interest, ending balance				0	6.4
Total equity, ending balance				831.6	679
Common Shares and Capital in Excess of Stated Value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				477	482.5
Share-based compensation				7.3	8.2
Treasury share issuances				2.6	(0.1)
Equity ending balance				486.9	490.5
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				1,605.1	1,235.6
Net income (loss)				(50)	24.4
Dividends declared				(37.3)	(35.7)
Equity ending balance				1,517.8	1,224.4
Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				(1,002.4)	(921.8)
Treasury share purchases				(129.5)	(38.4)
Treasury share issuances				19.5	1.3
Equity ending balance				(1,112.4)	(958.8)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				(66.4)	(99.1)
Other comprehensive income (loss)				5.7	15.6
Equity ending balance				(60.7)	(83.5)
Total Equity - Controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance				1,013.3	697.2
Net income (loss)				(50)	24.4
Other comprehensive income (loss)				5.7	15.6
Share-based compensation				7.3	8.2
Dividends declared				(37.3)	(35.7)
Treasury share purchases				(129.5)	(38.4)
Treasury share issuances				22.1	1.2
Equity ending balance				831.6	672.6
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling interest, beginning balance				0	5.7
Net income (loss)				0	0.8
Noncontrolling interest, ending balance				$ 0	$ 6.4

EQUITY - Accumulated Other Comp

EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	$ 1,013.3
Other comprehensive income (loss) before reclassifications	8.8	$ 15.8
Amounts reclassified from accumulated other comprehensive net income (loss)	0.4	1
Income tax benefit (expense)	(3.5)	(1.2)
Total other comprehensive income	5.7	15.6
Equity ending balance	831.6	672.6
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(66.4)	(99.1)
Equity ending balance	(60.7)	(83.5)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(1.7)	(6.2)
Other comprehensive income (loss) before reclassifications	(4.3)	12.4
Amounts reclassified from accumulated other comprehensive net income (loss)	0	0
Income tax benefit (expense)	0	0
Total other comprehensive income	(4.3)	12.4
Equity ending balance	(6)	6.2
Net Unrealized Gains (Losses) On Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	10.2	(15.1)
Other comprehensive income (loss) before reclassifications	13	3.4
Amounts reclassified from accumulated other comprehensive net income (loss)	(0.3)	2.6
Income tax benefit (expense)	(3.3)	(1.6)
Total other comprehensive income	9.4	4.4
Equity ending balance	19.5	(10.7)
Net Unrealized Gains (Losses) On Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(2.3)	0
Other comprehensive income (loss) before reclassifications	0.1	0
Amounts reclassified from accumulated other comprehensive net income (loss)	0	0
Income tax benefit (expense)	0	0
Total other comprehensive income	0.1	0
Equity ending balance	(2.2)	0
Pension and Other Post-Retirement Benefit Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(72.5)	(77.8)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive net income (loss)	0.7	(1.6)
Income tax benefit (expense)	(0.2)	0.4
Total other comprehensive income	0.5	(1.2)
Equity ending balance	$ (72.1)	$ (79)

EQUITY - Dividends (Details)

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

EQUITY - Share Repurchases (Det

EQUITY - Share Repurchases (Details) - USD ($)	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Feb. 06, 2020
Equity [Abstract]
Authorized repurchase amount			$ 750,000,000
Common shares repurchased (shares)	800,000	200,000
Common shares repurchased	$ 125,000,000	$ 38,000,000
Tax withholding	$ 4,500,000	$ 300,000

EQUITY - Share-based Awards Gra

EQUITY - Share-based Awards Granted (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	5,252	2,282
Aggregate fair value at grant dates	$ 0.8	$ 0.3
Employees | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	4,818	1,687
Non-Employee Directors | Restricted and deferred stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based awards (shares)	434	595

EQUITY - Total Share-based Comp

EQUITY - Total Share-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Equity [Abstract]
Share-based compensation	$ 7.3	$ 8.2
Related tax benefit recognized	$ 1.8	$ 2

EQUITY - Performance-Based Awar

EQUITY - Performance-Based Awards, Additional Information (Details) - USD ($) $ in Millions	Jan. 30, 2017	Jan. 01, 2022	Jan. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		5,252	2,282
Performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	500,000
Performance period	5 years
Estimated fair value of shares issued	$ 43.3
Award vesting period	5 years
Number of total shares vested	1,100,000
Performance units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	50.00%
Performance units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	250.00%

EARNINGS PER COMMON SHARE - Cal

EARNINGS PER COMMON SHARE - Calculation of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Earnings Per Share [Abstract]
Income (loss) from continuing operations	$ (50)	$ 25.2
Net income attributable to noncontrolling interest	0	(0.8)
Income (loss) attributable to controlling interest from continuing operations	(50)	24.4
Income (loss) from discontinued operations, net of tax	0	0
Net income (loss) attributable to controlling interest	$ (50)	$ 24.4
Basic income (loss) per common share:
Weighted-average common shares outstanding during the period (in shares)	55.4	55.7
Income (loss) from continuing operations (USD per share)	$ (0.90)	$ 0.44
Income (loss) from discontinued operations (USD per share)	0	0
Basic income (loss) per common share (USD per share)	$ (0.90)	$ 0.44
Diluted income (loss) per common share:
Weighted-average common shares outstanding during the period (in shares)	55.4	55.7
Dilutive potential Common Shares (in shares)	0	1.4
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	55.4	57.1
Income (loss) from continuing operations (USD per share)	$ (0.90)	$ 0.43
Income (loss) from discontinued operations (USD per share)	0	0
Diluted income (loss) per common share (USD per share)	$ (0.90)	$ 0.43

EARNINGS PER COMMON SHARE - Add

EARNINGS PER COMMON SHARE - Additional Information (Details) - shares	3 Months Ended
	Jan. 01, 2022	Jan. 02, 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	57,100,000
Number of anti-dilutive potential common shares excluded from the calculation (in shares)	1,300,000
Dilutive potential Common Shares (in shares)	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	0

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Income Tax Disclosure [Abstract]
Effective tax rate related to continuing operations	22.70%	23.90%

CONTINGENCIES (Details)

CONTINGENCIES (Details) $ in Millions	Jan. 01, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental actions	$ 3

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Not Designated as Hedging Instrument | Currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 164.2	$ 180.3	$ 161.5
Designated as Hedging Instruments | Interest rate swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	600	$ 600	$ 600
Loss related to interest rate swap agreements expected to be reclassified	3
Designated as Hedging Instruments | Commodity hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain related to commodity hedges expected to be reclassified	$ 13.3

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Outstanding Commodity Contracts (Details)	3 Months Ended
	Jan. 01, 2022Tlbgal	Sep. 30, 2021Tlbgal	Jan. 02, 2021Tlbgal
Urea (in tons)
Derivative [Line Items]
Outstanding commodity contracts, mass | T	58,500	94,500	40,500
Resin (in pounds)
Derivative [Line Items]
Outstanding commodity contracts, mass | lb	0	0	4,000,000
Diesel (in gallons)
Derivative [Line Items]
Outstanding commodity contracts, volume	4,662,000	5,880,000	4,704,000
Heating Oil (in gallons)
Derivative [Line Items]
Outstanding commodity contracts, volume	2,184,000	2,268,000	2,100,000

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Fair value, inputs, level 2
Derivatives, Fair Value [Line Items]
Total derivatives	$ 12	$ 13.5	$ (21.4)
Designated as Hedging Instruments | Interest rate swap agreements | Other assets
Derivatives, Fair Value [Line Items]
Derivative asset	5.2	3.3	0
Designated as Hedging Instruments | Fair value, inputs, level 2
Derivatives, Fair Value [Line Items]
Total derivatives	9.9	9	(15.2)
Designated as Hedging Instruments | Fair value, inputs, level 2 | Interest rate swap agreements | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(4.3)	(5.7)	(9.4)
Designated as Hedging Instruments | Fair value, inputs, level 2 | Interest rate swap agreements | Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(0.6)	(2.5)	(7.9)
Designated as Hedging Instruments | Fair value, inputs, level 2 | Commodity hedging instruments | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	9.6	13.9	2.1
Not Designated as Hedging Instrument | Fair value, inputs, level 2
Derivatives, Fair Value [Line Items]
Total derivatives	2.1	4.5	(6.2)
Not Designated as Hedging Instrument | Fair value, inputs, level 2 | Currency forward contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	(0.2)	(0.2)	(6.6)
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	1.1	3.4	0
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	$ 1.2	$ 1.3	$ 0.4

DERIVATIVE INSTRUMENTS AND HE_6

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
	Jan. 01, 2022	Jan. 02, 2021
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	$ 1.6	$ (7.3)
Not Designated as Hedging Instrument | Commodity hedging instruments | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in Earnings	0.6	0.7
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	1	(8)
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCL	9.6	2.5
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	0.2	(1.9)
Cash Flow Hedging | Interest rate swap agreements
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCL	2.8	0.3
Cash Flow Hedging | Interest rate swap agreements | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Reclassified From AOCI Into Earnings	(0.8)	(1.8)
Cash Flow Hedging | Commodity hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) Recognized in AOCL	6.8	2.2
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)

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Aug. 13, 2021	Mar. 17, 2021	Jan. 02, 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	$ 1.6	$ 222.5			$ 3.3
Carrying Amount | Fair value, inputs, level 1 | Fair Value, Measurements, Recurring | Investment securities in non-qualified retirement plan assets
Assets
Other	50.1	45			38.7
Carrying Amount | Fair value, inputs, level 3 | Fair Value, Measurements, Recurring | Convertible debt investments
Assets
Other	191.3	190.3			0
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Credit facilities | Revolving loans
Liabilities
Debt instruments	856.5	0			599.6
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Credit facilities | Term loans
Liabilities
Debt instruments	660	670			700
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 4.000% Senior Notes
Liabilities
Debt instruments	500	500			0
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 4.375% Senior Notes
Liabilities
Debt instruments	400	400			0
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 4.500% Senior Notes
Liabilities
Debt instruments	450	450			450
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 5.250% Senior Notes
Liabilities
Debt instruments	250	250			250
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Receivables facility
Liabilities
Debt instruments	94	0			136
Carrying Amount | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Other debt
Liabilities
Debt instruments	20.6	11.9			6.8
Estimated Fair Value | Fair value, inputs, level 1 | Fair Value, Measurements, Recurring
Assets
Cash equivalents	1.6	222.5			3.3
Estimated Fair Value | Fair value, inputs, level 1 | Fair Value, Measurements, Recurring | Investment securities in non-qualified retirement plan assets
Assets
Other	50.1	45			38.7
Estimated Fair Value | Fair value, inputs, level 3 | Fair Value, Measurements, Recurring | Convertible debt investments
Assets
Other	191.3	190.3			0
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Credit facilities | Revolving loans
Liabilities
Debt instruments	856.5	0			599.6
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Credit facilities | Term loans
Liabilities
Debt instruments	660	670			700
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 4.000% Senior Notes
Liabilities
Debt instruments	495	498.8			0
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 4.375% Senior Notes
Liabilities
Debt instruments	399	402			0
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 4.500% Senior Notes
Liabilities
Debt instruments	468.6	466.9			484.9
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Senior notes | 5.250% Senior Notes
Liabilities
Debt instruments	256.6	258.1			263.4
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Receivables facility
Liabilities
Debt instruments	94	0			136
Estimated Fair Value | Fair value, inputs, level 2 | Fair Value, Measurements, Recurring | Other debt
Liabilities
Debt instruments	$ 20.6	$ 11.9			$ 6.8

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - Convertible debt investments - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Sep. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost basis of investment	$ 193.1	$ 193.1
Unrealized gain on investment	0.2
Investment income	0.8
Amortized cost of investment	$ 194.2	$ 193.4

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Millions	Jan. 01, 2022USD ($)
Leases [Abstract]
Residual value of leased asset	$ 5

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Schedule (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Leases [Abstract]
Operating lease right-of-use-assets	$ 294.4	$ 293	$ 169.6
Operating lease current lease liabilities	70.2	66.4	52.9
Operating lease non-current lease liabilities	232.8	234.4	122.9
Total operating lease liabilities	303	300.8	175.8
Finance lease right-of-use assets	29.8	31.3	33.3
Finance lease current lease liabilities	5.9	5.9	5.2
Finance lease non-current lease liabilities	26	27.5	29.6
Total finance lease liabilities	$ 31.9	$ 33.4	$ 34.8

LEASES - Components of Lease Co

LEASES - Components of Lease Cost Schedule (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Leases [Abstract]
Operating lease cost	$ 20.9	$ 15.4
Variable lease cost	9.7	3.1
Amortization of right-of-use assets	1.6	1.5
Interest on lease liabilities	0.3	0.4
Total finance lease cost	1.9	1.9
Operating lease amortization of ROU assets	$ 17.6	$ 13.3

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information and Non-Cash Activity Schedule (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Lease, Cost [Abstract]
Operating cash flows from operating leases, net	$ 20.2	$ 13.9
Operating cash flows from finance leases	0.3	0.4
Financing cash flows from finance leases	1.4	1.3
Right-of-use assets obtained in exchange for lease obligations, operating leases	$ 20.6	$ 25.6

LEASES - Weighted-Average Remai

LEASES - Weighted-Average Remaining Lease Term and Discount Rate Schedule (Details)	Jan. 01, 2022
Leases [Abstract]
Operating leases, weighted average remaining term (in years)	5 years 4 months 24 days
Finance leases, weighted average remaining term (in years)	7 years 8 months 12 days
Operating leases, weighted average discount rate (percent)	3.20%
Finance leases, weighted average discount rate (percent)	4.20%

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities by Fiscal Year Schedule (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021
Operating Leases
2022 (remainder of the year)	$ 59.7
2022	71.9
2023	62.8
2024	48.6
2025	32.6
Thereafter	54.8
Total lease payments	330.4
Less: Imputed interest	(27.4)
Total lease liabilities	303	$ 300.8	$ 175.8
Finance Leases
2022 (remainder of the year)	5.3
2022	7.1
2023	7.1
2024	2.9
2025	1.9
Thereafter	13.6
Total lease payments	37.9
Less: Imputed interest	(6)
Total lease liabilities	$ 31.9	$ 33.4	$ 34.8

SEGMENT INFORMATION - Net Sales

SEGMENT INFORMATION - Net Sales, Profit (Loss), and Assets by Segment (Details) $ in Millions	3 Months Ended
	Jan. 01, 2022USD ($)segment	Jan. 02, 2021USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting Information [Line Items]
Net sales	$ 566	$ 748.6
Impairment, restructuring and other	(1.8)	(0.7)
Equity in loss of unconsolidated affiliates	(7.3)	0
Interest expense	(23.8)	(16.1)
Other non-operating income, net	1.8	15.2
Continuing Operations
Segment Reporting Information [Line Items]
Segment profit (loss)	(64.7)	33.1
Intangible asset amortization	(8.9)	(7.4)
Impairment, restructuring and other	(1.8)	(9.7)
Equity in loss of unconsolidated affiliates	(7.3)	0
Interest expense	(23.8)	(16.1)
Other non-operating income, net	1.8	15.2
Continuing Operations | Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	6.7	85.7
Continuing Operations | Corporate
Segment Reporting Information [Line Items]
Segment profit (loss)	(31.4)	(34.6)
U.S. Consumer
Segment Reporting Information [Line Items]
Net sales	342.4	408.2
U.S. Consumer | Continuing Operations | Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	10.7	45.3
Hawthorne
Segment Reporting Information [Line Items]
Net sales	190.6	309.4
Hawthorne | Continuing Operations | Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	(5.3)	40.4
Other
Segment Reporting Information [Line Items]
Net sales	33	31
Other | Continuing Operations | Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	$ 1.3	$ 0

SEGMENT INFORMATION - Net Sal_2

SEGMENT INFORMATION - Net Sales by Product Category (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Revenue from External Customer [Line Items]
Net sales	$ 566	$ 748.6
U.S. Consumer
Revenue from External Customer [Line Items]
Net sales	342.4	408.2
U.S. Consumer | Lawn care
Revenue from External Customer [Line Items]
Net sales	123.8	166
U.S. Consumer | Growing media and mulch
Revenue from External Customer [Line Items]
Net sales	80	90
U.S. Consumer | Controls
Revenue from External Customer [Line Items]
Net sales	54.8	62.5
U.S. Consumer | Roundup® marketing agreement
Revenue from External Customer [Line Items]
Net sales	20.8	17.3
U.S. Consumer | Other
Revenue from External Customer [Line Items]
Net sales	63	72.4
Hawthorne
Revenue from External Customer [Line Items]
Net sales	190.6	309.4
Hawthorne | Lighting
Revenue from External Customer [Line Items]
Net sales	48.8	115.3
Hawthorne | Growing environments
Revenue from External Customer [Line Items]
Net sales	46	55.8
Hawthorne | Nutrients
Revenue from External Customer [Line Items]
Net sales	35.9	61.1
Hawthorne | Growing media
Revenue from External Customer [Line Items]
Net sales	29.9	35.6
Hawthorne | Other, primarily hardware
Revenue from External Customer [Line Items]
Net sales	30	41.6
Other
Revenue from External Customer [Line Items]
Net sales	33	31
Other | Lawn care
Revenue from External Customer [Line Items]
Net sales	2.6	4.8
Other | Growing media
Revenue from External Customer [Line Items]
Net sales	15	16.8
Other | Other, primarily gardening and controls
Revenue from External Customer [Line Items]
Net sales	$ 15.4	$ 9.4

SEGMENT INFORMATION - Net Sal_3

SEGMENT INFORMATION - Net Sales by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Segment Reporting Information [Line Items]
Net sales	$ 566	$ 748.6
United States
Segment Reporting Information [Line Items]
Net sales	506.7	680.5
International
Segment Reporting Information [Line Items]
Net sales	$ 59.3	$ 68.1