Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Nov. 15, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'ENERGIZER HOLDINGS INC | ' |
Entity Central Index Key | '0001096752 | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Trading Symbol | 'ENR | ' |
Document Type | '10-K | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'FY | ' |
Amendment Flag | 'false | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well Known Seasoned Issuer | 'Yes | ' |
Entity Public Float | $6,137,698,549 | ' |
Entity Common Stock, Shares Outstanding | ' | 62,613,714 |
CONSOLIDATED_STATEMENTS_OF_EAR
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Net sales | $4,466 | $4,567.20 | $4,645.70 |
Cost of products sold | 2,361.70 | 2,429.30 | 2,500 |
Gross profit | 2,104.30 | 2,137.90 | 2,145.70 |
Selling, general and administrative expense | 825 | 887.8 | 856.1 |
Advertising and sales promotion expense | 439.9 | 449.5 | 524 |
Research and development expense | 99 | 112.5 | 108.3 |
2013 restructuring | 139.3 | 7.3 | 0 |
Net pension/post-retirement gains | 107.6 | 0 | 0 |
Prior restructuring | 0 | -6.8 | 79 |
Interest expense | 130.5 | 127.3 | 121.4 |
Cost of early debt retirements | 0 | 0 | 19.9 |
Other financing items, net | 10.3 | -5.1 | 31 |
Earnings before income taxes | 567.9 | 565.4 | 406 |
Income taxes | 160.9 | 156.5 | 144.8 |
Net earnings | 407 | 408.9 | 261.2 |
Basic earnings per share | $6.55 | $6.30 | $3.75 |
Diluted earnings per share | $6.47 | $6.22 | $3.72 |
Consolidated Statements of Comprehensive Income: | ' | ' | ' |
Net earnings | 407 | 408.9 | 261.2 |
Other comprehensive (loss)/income, net of tax | ' | ' | ' |
Foreign currency translation adjustment | 4.6 | -11.9 | -8.7 |
Pension/postretirement activity, net of tax of $18.9 in 2013, $(14.4) in 2012 and $(25.6) in 2011 | 35.7 | -24.8 | -26.4 |
Deferred gain/(loss) on hedging activity, net of tax of $3.1 in 2013 $1.6 in 2012 and $5.3 in 2011 | 4.6 | -0.4 | 11.7 |
Total comprehensive income | $451.90 | $371.80 | $237.80 |
CONSOLIDATED_STATEMENTS_OF_EAR1
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (PARENTHETICAL) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Pension and postretirement activity, net of tax | $18.90 | ($14.40) | ($25.60) |
Deferred (loss)/gain on hedging activity, net of tax | $3.10 | $1.60 | $5.30 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | ||
In Millions, unless otherwise specified | ||||
Current Assets | ' | ' | ||
Cash and cash equivalents | $998.30 | $718.50 | ||
Trade receivables, net | 480.6 | [1] | 676.7 | [2] |
Inventories | 616.3 | 672.4 | ||
Other current assets | 473.2 | 455 | ||
Total current assets | 2,568.40 | 2,522.60 | ||
Property, plant and equipment, net | 755.6 | 848.5 | ||
Goodwill | 1,475.80 | 1,469.50 | ||
Other Intangible assets, net | 1,835.50 | 1,853.70 | ||
Other assets | 82.1 | 36.9 | ||
Total assets | 6,717.40 | 6,731.20 | ||
Current Liabilities | ' | ' | ||
Current maturities of long-term debt | 140 | 231.5 | ||
Notes payable | 99 | 162.4 | ||
Accounts payable | 340.4 | 325.2 | ||
Other current liabilities | 574 | 588.4 | ||
Total current liabilities | 1,153.40 | 1,307.50 | ||
Long-term debt | 1,998.80 | 2,138.60 | ||
Other liabilities | 1,111.60 | 1,215.60 | ||
Total liabilities | 4,263.80 | 4,661.70 | ||
Shareholders' equity | ' | ' | ||
Preferred stock, $.01 par value, none outstanding | 0 | 0 | ||
Common stock, $.01 par value, 108,008,682 shares authorized; 65,251,989 and 108,008,682 shares issued at 2013 and 2012, respectively | 0.7 | 1.1 | ||
Additional paid in capital | 1,628.90 | 1,621.70 | ||
Retained earnings | 1,144.10 | 2,993.20 | ||
Common stock in treasury, at cost, 2,927,695 and 46,486,595 shares at 2013 and 2012, respectively | -147.2 | -2,328.70 | ||
Accumulated other comprehensive loss | -172.9 | -217.8 | ||
Total shareholders' equity | 2,453.60 | 2,069.50 | ||
Total liabilities and shareholders' equity | $6,717.40 | $6,731.20 | ||
[1] | Trade receivables, net for the Non-Guarantors includes approximately $221.4 at September 30, 2013 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | |||
[2] | Trade receivables, net for the Non-Guarantors includes approximately $369.1 at September 30, 2012 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. |
CONSOLIDATED_BALANCE_SHEETS_PA
CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Preferred Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common Stock, Shares, Issued | 65,251,989 | 108,008,682 |
Common Stock, Shares Authorized | 300,000,000 | ' |
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Treasury Stock, Number of Shares Held | 2,927,695 | 46,486,595 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Cash flow from operating activities | ' | ' | ' |
Net earnings | $407 | $408.90 | $261.20 |
Adjustments to Reconcile Net earnings to net cash flow from operations: [Abstract] | ' | ' | ' |
Non-cash restructuring costs | 42.9 | 0 | 0 |
Net pension/post-retirement gains | -107.6 | 0 | 0 |
Depreciation and amortization | 144.5 | 162.2 | 181.3 |
Deferred income taxes | 43.3 | -2.9 | 26.4 |
Other non-cash charges | 70.9 | 55 | 84.2 |
Other, net | -59.7 | -37.1 | -30.4 |
Operating cash flow before changes in working capital | 541.3 | 586.1 | 522.7 |
Changes in assets and liabilities used in operations, net of effects of business acquisitions [Abstract] | ' | ' | ' |
Decrease/(increase) in accounts receivable, net | 181.8 | 38.2 | -19.7 |
Decrease/(increase) in inventories | 45.1 | -17.6 | 65.1 |
Increase in other current assets | -45.8 | -11.6 | -33.8 |
Increase/(decrease) in accounts payable | 17.5 | 47.1 | -12 |
Increase/(decrease) in other current liabilities | 10.1 | -10.6 | -109.8 |
Net cash from operating activities | 750 | 631.6 | 412.5 |
Cash flow from investing activities | ' | ' | ' |
Capital expenditures | -90.6 | -111 | -98 |
Proceeds from sale of assets | 1.8 | 19.3 | 7.6 |
Acquisition, net of cash acquired | 0 | 0 | -267.1 |
Other, net | -0.3 | -3.2 | -6 |
Net cash used by investing activities | -89.1 | -94.9 | -363.5 |
Cash flow from financing activities | ' | ' | ' |
Cash proceeds from issuance of debt with original maturities greater than 90 days, net of discount | 0 | 498.6 | 600 |
Payment of debt issue cost | 0 | -4.3 | -7.6 |
Cash payments on debt with original maturities greater than 90 days | -231.5 | -441 | -576 |
Net (decrease)/increase in debt with original maturities of 90 days or less | -63.9 | 100.9 | 45.7 |
Common Stock Purchased | 0 | -417.8 | -276 |
Cash dividends paid | -105.6 | -24.9 | 0 |
Proceeds from issuance of common stock | 18.2 | 3 | 8.2 |
Excess tax benefits from share-based payments | 5.3 | 2.2 | 3.7 |
Net cash used by financing activities | -377.5 | -283.3 | -202 |
Effect of exchange rate changes on cash | -3.6 | -6.1 | -5.5 |
Net increase/(decrease) in cash and cash equivalents | 279.8 | 247.3 | -158.5 |
Cash and cash equivalents, beginning of period | 718.5 | 471.2 | 629.7 |
Cash and cash equivalents, end of period | $998.30 | $718.50 | $471.20 |
CONSOLIDATED_STATEMENTS_OF_SHA
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income [Member] | Accumulated Translation Adjustment [Member] | Accumulated Pension Liability [Member] | Accumulated Deferred Loss on Hedging Activity [Member] |
In Millions, except Share data in Thousands, unless otherwise specified | |||||||||
Balance at Sep. 30, 2010 | ' | $1.10 | $1,569.50 | $2,353.90 | ($1,667.60) | ' | $20.80 | ($162.70) | ($15.40) |
Balance (Shares) at Sep. 30, 2010 | ' | -108,009 | ' | ' | -37,653 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Activity under stock plans | ' | ' | 24.1 | -2.1 | 17.9 | ' | ' | ' | ' |
Activity under stock plans (Shares) | ' | ' | ' | ' | 469 | ' | ' | ' | ' |
Net earnings | 261.2 | ' | ' | 261.2 | ' | ' | ' | ' | ' |
Accrued dividends | ' | ' | ' | 0 | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | ' | ' | ' | -276 | ' | ' | ' | ' |
Treasury stock purchased (shares) | ' | ' | ' | ' | -3,749 | ' | ' | ' | ' |
Treasury share retirement | ' | 0 | ' | 0 | 0 | ' | ' | ' | ' |
Treasury share retirement (shares) | ' | ' | ' | ' | 0 | ' | ' | ' | ' |
Foreign currency translation adjustment | -8.7 | ' | ' | ' | ' | ' | -8.7 | ' | ' |
Pension/postretirement activity | -26.4 | ' | ' | ' | ' | ' | ' | -26.4 | ' |
Activity | 11.7 | ' | ' | ' | ' | ' | ' | ' | 11.7 |
Balance at Sep. 30, 2011 | 2,101.30 | 1.1 | 1,593.60 | 2,613 | -1,925.70 | -180.7 | 12.1 | -189.1 | -3.7 |
Balance (Shares) at Sep. 30, 2011 | ' | -108,009 | ' | ' | -40,933 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Activity under stock plans | ' | ' | 28.1 | -3.1 | 14.8 | ' | ' | ' | ' |
Activity under stock plans (Shares) | ' | ' | ' | ' | 370 | ' | ' | ' | ' |
Net earnings | 408.9 | ' | ' | 408.9 | ' | ' | ' | ' | ' |
Accrued dividends | ' | ' | ' | -25.6 | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | ' | ' | ' | -417.8 | ' | ' | ' | ' |
Treasury stock purchased (shares) | ' | ' | ' | ' | -5,924 | ' | ' | ' | ' |
Treasury share retirement | ' | 0 | ' | 0 | 0 | ' | ' | ' | ' |
Treasury share retirement (shares) | ' | 0 | ' | ' | 0 | ' | ' | ' | ' |
Foreign currency translation adjustment | -11.9 | ' | ' | ' | ' | ' | -11.9 | ' | ' |
Pension/postretirement activity | -24.8 | ' | ' | ' | ' | ' | ' | -24.8 | ' |
Activity | -0.4 | ' | ' | ' | ' | ' | ' | ' | -0.4 |
Balance at Sep. 30, 2012 | 2,069.50 | 1.1 | 1,621.70 | 2,993.20 | -2,328.70 | -217.8 | 0.2 | -213.9 | -4.1 |
Balance (Shares) at Sep. 30, 2012 | ' | -108,009 | ' | ' | -46,487 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Activity under stock plans | ' | ' | 7.2 | -1.9 | 35 | ' | ' | ' | ' |
Activity under stock plans (Shares) | ' | ' | ' | ' | 802 | ' | ' | ' | ' |
Net earnings | 407 | ' | ' | 407 | ' | ' | ' | ' | ' |
Accrued dividends | -108.1 | ' | ' | -108.1 | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | ' | ' | ' | 0 | ' | ' | ' | ' |
Treasury stock purchased (shares) | ' | ' | ' | ' | 0 | ' | ' | ' | ' |
Treasury share retirement | ' | -0.4 | ' | -2,146.10 | 2,146.50 | ' | ' | ' | ' |
Treasury share retirement (shares) | ' | -42,757 | ' | ' | 42,757 | ' | ' | ' | ' |
Foreign currency translation adjustment | 4.6 | ' | ' | ' | ' | ' | 4.6 | ' | ' |
Pension/postretirement activity | 35.7 | ' | ' | ' | ' | ' | ' | 35.7 | ' |
Activity | 4.6 | ' | ' | ' | ' | ' | ' | ' | 4.6 |
Balance at Sep. 30, 2013 | $2,453.60 | $0.70 | $1,628.90 | $1,144.10 | ($147.20) | ($172.90) | $4.80 | ($178.20) | $0.50 |
Balance (Shares) at Sep. 30, 2013 | ' | -65,252 | ' | ' | -2,928 | ' | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_SHA1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (PARENTHETICAL) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Millions, unless otherwise specified | |||
Statement of Stockholders' Equity [Abstract] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax | ($94.90) | ($113.80) | ($99.30) |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax | $1 | ($2.10) | ($3.70) |
Basis_of_Presentation_and_Use_
Basis of Presentation and Use of Estimates | 12 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Basis of Presentation and Use of Estimates | |
The financial statements include the accounts of the Company and its subsidiaries. All significant intercompany transactions are eliminated. The Company has no material equity method investments or variable interests. | |
Preparation of the financial statements in conformity with generally accepted accounting principles in the U.S. (GAAP) requires Energizer Holdings, Inc. and its subsidiaries (the Company) to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. On an ongoing basis, the Company evaluates its estimates, including those related to customer promotional programs and incentives, product returns, bad debts, the carrying value of inventories, intangible and other long-lived assets, income taxes, pensions and other postretirement benefits, share-based compensation, contingencies and acquisitions. Actual results could differ materially from those estimates. However, in regard to ongoing impairment testing of goodwill and indefinite-lived intangible assets, significant deterioration in future cash flow projections, changes in discount rates used in discounted cash flow models or changes in other assumptions used in estimating fair values, versus those anticipated at the time of the initial acquisition as well as subsequent estimated valuations, could result in impairment charges that may materially affect the financial statements in a given year. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
Summary of Significant Accounting Policies | |
The Company's significant accounting policies, which conform to GAAP and are applied on a consistent basis among all years presented, except as indicated, are described below. | |
Foreign Currency Translation - Financial statements of foreign operations where the local currency is the functional currency are translated using end-of-period exchange rates for assets and liabilities, and average exchange rates during the period for results of operations. Related translation adjustments are reported as a component within accumulated other comprehensive income in the shareholders’ equity section of the Consolidated Balance Sheets, except as noted below. | |
For foreign operations that are considered highly inflationary, translation practices differ in that inventories, properties, accumulated depreciation and depreciation expense are translated at historical rates of exchange, and translation adjustments for monetary assets and liabilities are included in earnings. Gains and losses from foreign currency transactions are included in earnings. | |
Effective January 1, 2010, the financial statements for our Venezuela subsidiary are consolidated under the rules governing the translation of financial information in a highly inflationary economy based on the use of the blended National Consumer Price Index in Venezuela. Under GAAP, an economy is considered highly inflationary if the cumulative inflation rate for a three year period meets or exceeds 100 percent. If a subsidiary is considered to be in a highly inflationary economy, the financial statements of the subsidiary must be re-measured into our reporting currency (U.S. dollar) and future exchange gains and losses from the re-measurement of monetary assets and liabilities are reflected in current earnings, rather than exclusively in the equity section of the balance sheet, until such time as the economy is no longer considered highly inflationary. At September 30, 2013, the Company has net monetary assets in Venezuela of approximately $62. See Note 4 of the Notes to Consolidated Financial Statements. | |
Financial Instruments and Derivative Securities - The Company uses financial instruments, from time to time, in the management of foreign currency, interest rate and other risks that are inherent to its business operations. Such instruments are not held or issued for trading purposes. | |
Foreign exchange (F/X) instruments, including currency forwards, are used primarily to reduce cash transaction exposures and, to a lesser extent, to manage other translation exposures. F/X instruments used are selected based on their risk reduction attributes, costs and the related market conditions. The Company has designated certain foreign currency contracts as cash flow hedges for accounting purposes as of September 30, 2013. | |
The Company also holds a derivative instrument contract to mitigate a portion of the risk associated with the change in the market value of its unfunded deferred compensation liabilities, which is tied to change in the market value of the Company's common stock. | |
The Company uses raw materials that are subject to price volatility. The Company may use hedging instruments as it desires to reduce exposure to variability in cash flows associated with future purchases of commodities. In September 2012, the Company discontinued hedge accounting treatment for its then-existing zinc contracts as these contracts no longer met the accounting requirements for classification as cash flow hedges because of an ineffective correlation to the underlying zinc exposure being hedged. There were no outstanding derivative contracts for the future purchases of commodities as of September 30, 2013. | |
Through December 2012, the Company had specific interest rate risk with respect to interest expense on the Company's term loan, which was fully repaid by the end of the first quarter of fiscal 2013. As a result, the then-existing interest rate swap agreement in place to hedge this specific risk was settled on November 30, 2012 for a $0.3 loss. This loss was included in interest expense in the Consolidated Statements of Earnings and Comprehensive Income. At September 30, 2013, the Company had $99.0 of variable rate debt outstanding. | |
For further discussion see Notes 11 and 14 of the Notes to Consolidated Financial Statements. | |
Cash Equivalents – Cash equivalents are all considered to be highly liquid investments with a maturity of three months or less when purchased. At September 30, 2013, the Company had $998.3 in available cash, substantially all of which was outside of the U.S. The Company has extensive operations, including a significant manufacturing footprint outside of the U.S. At September 30, 2013, substantially all of the Company's cash is denominated in foreign currencies. We manage our worldwide cash requirements by reviewing available funds among the many subsidiaries through which we conduct our business and the cost effectiveness with which those funds can be accessed. The repatriation of cash balances from certain of our subsidiaries could have adverse tax consequences or be subject to regulatory capital requirements; however, those balances are generally available without legal restrictions to fund ordinary business operations. U.S. income taxes have not been provided on a significant portion of undistributed earnings of international subsidiaries. Our intention is to reinvest these earnings indefinitely. | |
Cash Flow Presentation – The Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flow from operating activities. The reconciliation adjustments include the removal of timing differences between the occurrence of operating receipts and payments and their recognition in net earnings. The adjustments also remove cash flows arising from investing and financing activities, which are presented separately from operating activities. Cash flows from foreign currency transactions and operations are translated at an average exchange rate for the period. Cash flows from hedging activities are included in the same category as the items being hedged, which is primarily operating activities. Cash payments related to income taxes are classified as operating activities. | |
Accounts Receivable Valuation – Accounts receivable are stated at their net realizable value. The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the receivables portfolio determined on the basis of historical experience, specific allowances for known troubled accounts and other currently available information. Bad debt expense is included in Selling, general and administrative expense (SG&A) in the Consolidated Statements of Earnings and Comprehensive Income. | |
Inventories – Inventories are valued at the lower of cost or market, with cost generally being determined using average cost or the first-in, first-out (FIFO) method. | |
As part of the American Safety Razor (ASR) acquisition in fiscal 2011, the Company recorded an increase in the estimated fair value of inventory acquired of $7.0, to bring the carrying value of the inventory purchased to an amount which approximated the estimated selling price of the finished goods on hand at the acquisition closing date less the sum of (a) costs to sell and distribute and (b) a reasonable profit allowance for these efforts by the acquiring entity. As the inventory was sold during the first and second quarter of fiscal 2011 the adjustments were charged to cost of products sold in those respective periods. | |
Capitalized Software Costs – Capitalized software costs are included in other assets. These costs are amortized using the straight-line method over periods of related benefit ranging from three to seven years. Expenditures related to capitalized software are included in the Capital expenditures caption in the Consolidated Statements of Cash Flows. Amortization expense was $2.0, $2.7, and $5.2 in fiscal 2013, 2012 and 2011, respectively. | |
Property, Plant and Equipment, net – Property, plant and equipment, net is stated at historical costs. Property, plant and equipment acquired as part of a business combination is recorded at estimated fair value. Expenditures for new facilities and expenditures that substantially increase the useful life of property, including interest during construction, are capitalized and reported in the Capital expenditures caption in the Consolidated Statements of Cash Flows. Maintenance, repairs and minor renewals are expensed as incurred. When property is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts, and gains or losses on the disposition are reflected in earnings. Depreciation is generally provided on the straight-line basis by charges to pre-tax earnings at rates based on estimated useful lives. Estimated useful lives range from two to 25 years for machinery and equipment and three to 30 years for buildings and building improvements. Depreciation expense was $164.7 in fiscal 2013, including non-cash asset impairment charges of $19.3 and accelerated depreciation charges of $23.6, collectively $42.9, related primarily to certain manufacturing assets including property, plant and equipment located at the facilities to be closed or streamlined, and $136.7, and $154.5 in fiscal 2012 and 2011, respectively. See Note 3 of the Notes to Consolidated Financial Statements. | |
Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts. | |
Goodwill and Other Intangible Assets – Goodwill and indefinite-lived intangibles are not amortized, but are evaluated annually for impairment as part of the Company's annual business planning cycle in the fourth fiscal quarter, or when indicators of a potential impairment are present. The estimated fair value of each reporting unit (Household Products and Personal Care) is estimated using valuation models that incorporate assumptions and projections of expected future cash flows and operating plans. Intangible assets with finite lives, and a remaining weighted average life of approximately thirteen years, are amortized on a straight-line basis over expected lives of 5 years to 20 years. Such intangibles are also evaluated for impairment including ongoing monitoring of potential impairment indicators. | |
Impairment of Long-Lived Assets – The Company reviews long-lived assets, other than goodwill and other intangible assets for impairment, when events or changes in business circumstances indicate that the remaining useful life may warrant revision or that the carrying amount of the long-lived asset may not be fully recoverable. The Company performs undiscounted cash flow analysis to determine if impairment exists. If impairment is determined to exist, any related impairment loss is calculated based on estimated fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less cost of disposal. | |
In November 2012, which was the first quarter of fiscal 2013, the Company's Board of Directors authorized an enterprise-wide restructuring plan, which included the closure of certain Company facilities in fiscal 2013 and 2014. The Company recorded non-cash asset impairment charges of $19.3 and accelerated depreciation charges of $23.6 for the twelve months ended September 30, 2013 (collectively $42.9) related primarily to certain manufacturing assets including property, plant and equipment located at the facilities to be closed or streamlined. We do not believe our restructuring plan is likely to result in the impairment of any other material long-lived assets, other than this identified property, plant and equipment. See Note 3 of the Notes to Consolidated Financial Statements. | |
Revenue Recognition – The Company's revenue is from the sale of its products. Revenue is recognized when title, ownership and risk of loss pass to the customer. Discounts are offered to customers for early payment and an estimate of the discounts is recorded as a reduction of net sales in the same period as the sale. Our standard sales terms are final and returns or exchanges are not permitted unless a special exception is made; reserves are established and recorded in cases where the right of return does exist for a particular sale. | |
Under certain circumstances, we allow customers to return sun care products that have not been sold by the end of the sun care season, which is normal practice in the sun care industry. We record sales at the time the title, ownership and risk of loss pass to the customer. The terms of these sales vary but, in all instances, the following conditions are met: the sales arrangement is evidenced by purchase orders submitted by customers; the selling price is fixed or determinable; title to the product has transferred; there is an obligation to pay at a specified date without any additional conditions or actions required by the Company; and collectability is reasonably assured. Simultaneous with the sale, we reduce sales and cost of sales, and reserve amounts on our consolidated balance sheet for anticipated returns based upon an estimated return level, in accordance with GAAP. Customers are required to pay for the sun care product purchased during the season under the required terms. We generally receive returns of U.S. sun care products from September through January following the summer sun care season. We estimate the level of sun care returns using a variety of inputs including historical experience, consumption trends during the sun care season and inventory positions at key retailers as the sun care season progresses. We monitor shipment activity and inventory levels at key retailers during the season in an effort to identify potential returns issues. This allows the Company to manage shipment activity to our customers, especially in the latter stages of the sun care season, to reduce the potential for returned product. At September 30, 2013, the Company had a reserve for returns of $49.8. | |
The Company offers a variety of programs, such as consumer coupons and similar consumer rebate programs, primarily to its retail customers, designed to promote sales of its products. Such programs require periodic payments and allowances based on estimated results of specific programs and are recorded as a reduction to net sales. The Company accrues, at the time of sale, the estimated total payments and allowances associated with each transaction. Additionally, the Company offers programs directly to consumers to promote the sale of its products. Promotions which reduce the ultimate consumer sale prices are recorded as a reduction of net sales at the time the promotional offer is made, generally using estimated redemption and participation levels. Taxes we collect on behalf of governmental authorities, which are generally included in the price to the customer, are also recorded as a reduction of net sales. The Company continually assesses the adequacy of accruals for customer and consumer promotional program costs not yet paid. To the extent total program payments differ from estimates, adjustments may be necessary. Historically, these adjustments have not been material. | |
Advertising and Sales Promotion Costs – The Company advertises and promotes its products through national and regional media and expenses such activities as incurred. | |
Share-Based Payments – The Company grants restricted stock equivalents, which generally vest over three to four years. A portion of the restricted stock equivalents granted provide for the issuance of common stock to certain managerial staff and executive management, if the Company achieves specified performance targets. The estimated fair value of each grant issued is estimated on the date of grant based on the current market price of the stock, as adjusted for the impact to the grant date fair value of the inclusion of a total shareholder return modifier for those performance awards containing such a provision. The total amount of compensation expense recognized reflects the initial assumption that target performance goals will be achieved. Compensation expense may be adjusted during the life of the performance grant based on management’s assessment of the probability that performance targets will be achieved. If such targets are not met or, it is determined that achievement of performance goals is not probable, compensation expense is adjusted to reflect the reduced expected payout level in the period the determination is made. If it is determined that the performance targets will be exceeded, additional compensation expense is recognized. | |
Estimated Fair Values of Financial Instruments – Certain financial instruments are required to be recorded at the estimated fair value. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. Other financial instruments including cash and cash equivalents and short-term borrowings, including notes payable, are recorded at cost, which approximates estimated fair value. The estimated fair values of long-term debt and financial instruments are disclosed in Note 14 of the Notes to Consolidated Financial Statements. | |
Reclassifications – Certain reclassifications have been made to the prior year financial statements to conform to the current presentation. | |
Recently Issued Accounting Pronouncements – No new accounting pronouncement issued or effective during the fiscal year has had or is expected to have a material impact on the consolidated financial statements. | |
On January 31, 2013, the Financial Accounting Standards Board (FASB) issued a new accounting standard update (ASU) to clarify the scope of disclosures about offsetting assets and liabilities. The standard limits the scope of the new balance sheet offsetting disclosures to derivatives, repurchase agreements and securities lending transactions to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement. This standard will be applied on a retrospective basis beginning on October 1, 2013 and the impact will not be material to the Company's financial statements. | |
On February 5, 2013, the FASB issued a new ASU on reporting of amounts reclassified out of accumulated other comprehensive income. The standard requires that public companies present information about reclassification adjustments from accumulated other comprehensive income in their interim and annual financial statements in a single note or on the face of the financial statements or cross reference to the related footnote for additional information. This standard will be applied on a prospective basis beginning on October 1, 2013 and the impact will not be material to the Company's financial statements. |
Restructuring
Restructuring | 12 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||||||||||
Restructuring and Related Activities Disclosure [Text Block] | ' | ||||||||||||||||||
Restructuring | |||||||||||||||||||
2013 Restructuring | |||||||||||||||||||
In November 2012, the Company’s Board of Directors authorized an enterprise-wide restructuring plan and delegated authority to the Company’s management to determine the final actions with respect to this plan. | |||||||||||||||||||
Objectives of this plan include: | |||||||||||||||||||
• | Reduce global workforce by more than 10%, or approximately 1,500 colleagues; | ||||||||||||||||||
• | Rationalize and streamline operations facilities in the Household Products Division; | ||||||||||||||||||
• | Consolidate G&A functional support across the organization; | ||||||||||||||||||
• | Streamline the Household Products Division product portfolio to enable increased focus on our core battery and portable lighting businesses; | ||||||||||||||||||
• | Streamline the marketing organization within our Household Products Division; | ||||||||||||||||||
• | Optimize our go-to-market strategies and organization structures within our international markets; | ||||||||||||||||||
• | Reduce overhead spending, including changes to benefit programs and other targeted spending reductions; and | ||||||||||||||||||
• | Create a center-led purchase function to drive procurement savings. | ||||||||||||||||||
For the twelve months ended September 30, 2013, significant progress has been made against all of the aforementioned objectives. Headcount reductions have totaled nearly 1,400. | |||||||||||||||||||
For the twelve months ended September 30, 2013, the Company recorded pre-tax expense of $139.3 for charges related to the 2013 restructuring plan including: | |||||||||||||||||||
• | Non-cash asset impairment charges of $19.3 and accelerated depreciation charges of $23.6 for the twelve months ended September 30, 2013, (collectively for the twelve months, $42.9) related primarily to completed and upcoming plant closures, | ||||||||||||||||||
• | Severance and related benefit costs of $49.3 for the twelve months ended September 30, 2013, associated with staffing reductions that have been identified to date, and | ||||||||||||||||||
• | Consulting, program management and other charges associated with the restructuring of $47.1 for the twelve months ended September 30, 2013. | ||||||||||||||||||
The 2013 restructuring costs are reported on a separate line in the Consolidated Statements of Earnings and Comprehensive Income. In addition, pre-tax costs of $5.2 for the twelve months ended September 30, 2013, associated with certain information technology enablement activities related to our restructuring initiatives were included in SG&A on the Consolidated Statements of Earnings and Comprehensive Income. Also, pre-tax costs of $6.1, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as part of our restructuring are included in Cost of products sold on the Consolidated Statements of Earnings and Comprehensive Income. The information technology costs and non-core inventory obsolescence charges are considered part of the total project costs incurred for our restructuring initiative. In fiscal 2012 the Company recorded $7.3 of costs associated with consulting activities related to the 2013 restructuring plan. | |||||||||||||||||||
A summary of the estimated remaining costs for the 2013 restructuring is as follows. Totals, as well as category ranges, are estimates. | |||||||||||||||||||
• | Approximately $10-$20 related to plant closure and accelerated depreciation charges, | ||||||||||||||||||
• | Approximately $40-$50 related to severance and related benefit costs, | ||||||||||||||||||
• | Approximately $20-$30 related to consulting and program management, and | ||||||||||||||||||
• | Approximately $5-$15 related to other restructuring related costs. | ||||||||||||||||||
Cost remaining associated with certain information technology enablement activities related to our restructuring initiatives are approximately $15-$25. In addition, the Company expects to incur incremental capital expenditures of approximately $20-$25 over the next 12 months, related primarily to information technology enablement of certain restructuring initiatives. | |||||||||||||||||||
The Company does not include the 2013 restructuring costs in the results of its reportable segments. The estimated pre-tax impact of allocating such charges to segment results would have been as follows: | |||||||||||||||||||
• | Non-cash impairment and accelerated depreciation charges of approximately $43 for the twelve months ended September 30, 2013, would be fully allocated to our Household Products segment. | ||||||||||||||||||
• | Severance and related benefit costs of approximately $42 for the twelve months ended September 30, 2013, would be allocated to our Household Products segment. Charges of approximately $6 for the twelve months ended September 30, 2013, would be allocated to our Personal Care segment. The remaining charges of approximately $1 for the twelve months ended September 30, 2013, would be allocated to Corporate. As certain headcount provides services to both segments, charges for severance and related benefits for such headcount requires an allocation. | ||||||||||||||||||
• | Consulting, program management and other exit costs of approximately $36 for the twelve months ended September 30, 2013, would be allocated to our Household Products segment. Charges of approximately $9 for the twelve months ended September 30, 2013, would be allocated to our Personal Care segment. The remaining charges of approximately $2 for the twelve months ended September 30, 2013, would be allocated to Corporate. | ||||||||||||||||||
The following table summarizes the 2013 Restructuring activity for the twelve months ended September 30, 2013. | |||||||||||||||||||
Utilized | |||||||||||||||||||
1-Oct-12 | Charge to Income | Other (a) | Cash | Non-Cash | September 30, 2013 | ||||||||||||||
Severance & Termination Related Costs | $ | — | $ | 49.3 | $ | (0.1 | ) | $ | (32.9 | ) | $ | — | $ | 16.3 | |||||
Asset Impairment/Accelerated Depreciation | — | 42.9 | — | — | (42.9 | ) | — | ||||||||||||
Other Costs | 2.8 | 47.1 | — | (45.6 | ) | — | 4.3 | ||||||||||||
Total | $ | 2.8 | $ | 139.3 | $ | (0.1 | ) | $ | (78.5 | ) | $ | (42.9 | ) | $ | 20.6 | ||||
(a) Includes the impact of currency translation. | |||||||||||||||||||
2011 Household Products Restructuring | |||||||||||||||||||
For the twelve months ended September 30, 2012, our prior Household Products restructuring activities generated pre-tax income of $6.8. The prior year pre-tax income was due to the gain on the sale of our former battery manufacturing facility in Switzerland, which was shut down in fiscal 2011. This gain was approximately $13. This gain was offset by additional restructuring costs of $6.0. These costs, net of the gain on the sale of the former manufacturing facility in fiscal 2012, are included as a separate line item on the Consolidated Statements of Earnings and Comprehensive Income. |
Venezuela
Venezuela | 12 Months Ended |
Sep. 30, 2013 | |
Foreign Currency [Abstract] | ' |
Venezuela | ' |
Venezuela | |
Effective January 1, 2010 and continuing through fiscal 2013, the financial statements for our Venezuela subsidiary are consolidated under the rules governing the translation of financial information in a highly inflationary economy based on the use of the blended National Consumer Price Index in Venezuela. Under GAAP, an economy is considered highly inflationary if the cumulative inflation rate for a three year period meets or exceeds 100 percent. If a subsidiary is considered to be in a highly inflationary economy, the financial statements of the subsidiary must be re-measured into our reporting currency (U.S. dollar) and future exchange gains and losses from the re-measurement of monetary assets and liabilities are reflected in current earnings, rather than exclusively in the equity section of the balance sheet, until such times as the economy is no longer considered highly inflationary. | |
On February 13, 2013, the Venezuela government devalued the Bolivar Fuerte relative to the U.S. dollar. The revised official exchange rate moved from 4.30 per U.S. dollar to an exchange rate of 6.30 per U.S. dollar. The Central Government also suspended the alternate currency market administered by the central bank known as SITME that made U.S. dollars available at a rate higher than the previous official rate, generally in the range of 5.50 per U.S. dollar. As access to U.S. dollars at the official exchange rate was greatly limited, the Company had been utilizing the SITME market to obtain U.S. dollars for the import of product on a regular basis. As a result, the Company had been using the higher SITME rate, prior to the most recent devaluation, to translate its operating results and to value its net monetary assets held in local Venezuela currency. | |
As a result of the devaluation noted above and the elimination of the SITME market, the Company valued its net monetary assets at September 30, 2013 using the revised official rate of 6.30 per U.S. dollar. Thus, the Company recorded a devaluation charge of approximately $6 for the twelve months ended September 30, 2013, due primarily to the devaluation of local currency cash balances. This charge was included in Other financing items, net on the Consolidated Statements of Earnings and Comprehensive Income. In addition, operating results for the twelve months ended September 30, 2013 were translated using a blended rate, ranging between 5.40 to 6.30 Bolivar Fuerte per U.S. dollar, reflecting the use of the new official rate for the period following the devaluation and the previous SITME rate for the period prior to the devaluation. | |
At September 30, 2013, the U.S. dollar value of monetary assets, net of monetary liabilities, which would be subject to an earnings impact from translation rate movements for our Venezuela affiliate under highly inflationary accounting was approximately $62. Further currency devaluation in Venezuela, either through official channels or via the use of alternative exchange mechanisms may result in additional devaluation of the Company's net monetary assets in Venezuela and may negatively impact the operating results of the Company's Venezuelan affiliate. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||||||
Goodwill and Intangible Assets | |||||||||||||
Goodwill and intangible assets deemed to have an indefinite life are not amortized, but reviewed annually for impairment of value or when indicators of a potential impairment are present. As part of our business planning cycle, we performed our annual impairment testing for our Household Products and Personal Care reporting units in the fourth quarter of fiscal 2013, 2012 and 2011. There were no indications of impairment of goodwill noted during this testing. | |||||||||||||
The following table represents the carrying amount of goodwill by segment at September 30, 2013: | |||||||||||||
Household | Personal | Total | |||||||||||
Products | Care | ||||||||||||
Balance at October 1, 2012 | $ | 37.3 | $ | 1,432.20 | $ | 1,469.50 | |||||||
Cumulative translation adjustment | (0.1 | ) | 6.4 | 6.3 | |||||||||
Balance at September 30, 2013 | $ | 37.2 | $ | 1,438.60 | $ | 1,475.80 | |||||||
The Company had indefinite-lived intangible assets of $1,703.9 ($1,622.4 in Personal Care and $81.5 in Household Products) at September 30, 2013 and $1,701.9 at September 30, 2012. Changes in indefinite-lived intangible assets are due to changes in foreign currency translation. | |||||||||||||
In addition, we completed impairment testing on indefinite-lived intangible assets other than goodwill, which are trademarks/brand names used in our various product categories. No impairment was indicated as a result of this testing. However, the indicated fair values resulting from our discounted cash flow analysis for two brands, Playtex and Wet Ones, were relatively close to the carrying value at approximately 107% of the carrying value (approximately $650) for the Playtex brand and approximately 109% of the carrying value (approximately $200) for the Wet Ones brand. Key assumptions included in the testing of these brand values were a discount rate of 7.5% and a terminal growth rate of 2.0%. | |||||||||||||
Total amortizable intangible assets at September 30, 2013 are as follows: | |||||||||||||
Gross | Accumulated | Net | |||||||||||
Carrying Amount | Amortization | ||||||||||||
Tradenames / Brands | $ | 18.9 | $ | 12.8 | $ | 6.1 | |||||||
Technology and patents | 75.6 | 56.5 | 19.1 | ||||||||||
Customer-related / Other | 163.6 | 57.2 | 106.4 | ||||||||||
Total amortizable intangible assets | $ | 258.1 | $ | 126.5 | $ | 131.6 | |||||||
Amortizable intangible assets, with a weighted average remaining life of approximately thirteen years, are amortized on a straight-line basis over expected lives of 5 years to 20 years. | |||||||||||||
Amortization expense for intangible assets totaled $20.1 for the current year. Estimated amortization expense for amortizable intangible assets for the years ending September 30, 2014, 2015, 2016, 2017 and 2018 is $17.4, $15.2, $15.2, $14.8 and $7.3, respectively, and $61.7 thereafter. These totals do not include potential amortization for the feminine care brands acquired in the first fiscal quarter of 2014. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||||||
Income Taxes | |||||||||||||||||||||
The provisions for income taxes consisted of the following for the years ended September 30: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Currently payable: | |||||||||||||||||||||
United States - Federal | $ | 45.1 | $ | 72.8 | $ | 34 | |||||||||||||||
State | 6.4 | 6.5 | 4.6 | ||||||||||||||||||
Foreign | 66.1 | 80.1 | 79.8 | ||||||||||||||||||
Total current | 117.6 | 159.4 | 118.4 | ||||||||||||||||||
Deferred: | |||||||||||||||||||||
United States - Federal | 37 | (2.9 | ) | 36.4 | |||||||||||||||||
State | 2.4 | (0.2 | ) | 2.4 | |||||||||||||||||
Foreign | 3.9 | 0.2 | (12.4 | ) | |||||||||||||||||
Total deferred | 43.3 | (2.9 | ) | 26.4 | |||||||||||||||||
Provision for income taxes | $ | 160.9 | $ | 156.5 | $ | 144.8 | |||||||||||||||
The source of pre-tax earnings was: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
United States | $ | 247.3 | $ | 178.3 | $ | 191.6 | |||||||||||||||
Foreign | 320.6 | 387.1 | 214.4 | ||||||||||||||||||
Pre-tax earnings | $ | 567.9 | $ | 565.4 | $ | 406 | |||||||||||||||
A reconciliation of income taxes with the amounts computed at the statutory federal income tax rate follows: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Computed tax at federal statutory rate | $ | 198.8 | 35 | % | $ | 197.9 | 35 | % | $ | 142.1 | 35 | % | |||||||||
State income taxes, net of federal tax benefit | 5.5 | 1 | 4.1 | 0.7 | 4.5 | 1.1 | |||||||||||||||
Foreign tax less than the federal rate | (47.1 | ) | (8.3 | ) | (55.6 | ) | (9.8 | ) | (15.9 | ) | (3.9 | ) | |||||||||
Adjustments to prior years' tax accruals | (8.3 | ) | (1.5 | ) | (7.0 | ) | (1.2 | ) | (1.7 | ) | (0.4 | ) | |||||||||
Other taxes including repatriation of foreign earnings | 17.4 | 3.1 | 16.2 | 2.9 | 15.3 | 3.8 | |||||||||||||||
Nontaxable share option | (5.4 | ) | (1.0 | ) | (2.0 | ) | (0.4 | ) | 0.2 | — | |||||||||||
Other, net | — | — | 2.9 | 0.5 | 0.3 | 0.1 | |||||||||||||||
Total | $ | 160.9 | 28.3 | % | $ | 156.5 | 27.7 | % | $ | 144.8 | 35.7 | % | |||||||||
The deferred tax assets and deferred tax liabilities recorded on the balance sheet at September 30 for the years indicated are as follows and include current and noncurrent amounts: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||
Depreciation and property differences | $ | (83.8 | ) | $ | (101.1 | ) | |||||||||||||||
Intangible assets | (580.7 | ) | (574.3 | ) | |||||||||||||||||
Other tax liabilities | (8.5 | ) | (6.4 | ) | |||||||||||||||||
Gross deferred tax liabilities | (673.0 | ) | (681.8 | ) | |||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||
Accrued liabilities | 104.4 | 105.7 | |||||||||||||||||||
Deferred and stock-related compensation | 102.5 | 103.6 | |||||||||||||||||||
Tax loss carryforwards and tax credits | 10.4 | 13.9 | |||||||||||||||||||
Intangible assets | 17.1 | 17.3 | |||||||||||||||||||
Postretirement benefits other than pensions | 2.6 | 11.6 | |||||||||||||||||||
Pension plans | 81.3 | 155.3 | |||||||||||||||||||
Inventory differences | 28.6 | 31.7 | |||||||||||||||||||
Other tax assets | 5.6 | 6.6 | |||||||||||||||||||
Gross deferred tax assets | 352.5 | 445.7 | |||||||||||||||||||
Valuation allowance | (9.5 | ) | (11.9 | ) | |||||||||||||||||
Net deferred tax liabilities | $ | (330.0 | ) | $ | (248.0 | ) | |||||||||||||||
There were no material tax loss carryforwards that expired in fiscal 2013. Future expirations of tax loss carryforwards and tax credits, if not utilized, are not material from 2014 through 2018. For years subsequent to 2018 or for tax loss carryforwards and tax credits that have no expiration, the value at September 30, 2013 was $9.8. The valuation allowance is attributed to tax loss carryforwards and tax credits outside the U.S. | |||||||||||||||||||||
We regularly repatriate a portion of current year earnings from select non U.S. subsidiaries. Generally, these non-U.S. subsidiaries are in tax jurisdictions with effective tax rates that do not result in materially higher U.S. tax provisions related to the repatriated earnings. No provision is made for additional taxes on undistributed earnings of foreign affiliates that are intended and planned to be indefinitely invested in the affiliate. We intend to, and have plans to, reinvest these earnings indefinitely in our foreign subsidiaries to, amongst other things, fund local operations, including a substantial manufacturing footprint in Asia, fund pension and other post retirement obligations, fund capital projects and to support foreign growth initiatives including potential acquisitions, such as the foreign cash utilized to fund a portion of the October 2013 feminine care brand acquisition. At September 30, 2013, approximately $1,460 of foreign subsidiary earnings was considered indefinitely invested in those businesses. We estimate that the U.S. federal income tax liability that could potentially arise if indefinitely invested earnings of foreign subsidiaries were repatriated in full to the U.S. would be significant. While it is not practical to calculate a specific potential U.S. tax exposure due to changing statutory rates in foreign jurisdictions over time, as well as other factors, we estimate the range of potential U.S. tax may be in excess of $170, if all undistributed earnings were repatriated assuming foreign cash was available to do so. Applicable U.S. income and foreign withholding taxes would be provided on these earnings in the periods in which they are no longer considered indefinitely reinvested. | |||||||||||||||||||||
Unrecognized tax benefits activity for the years ended September 30, 2013 and 2012 are summarized below: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Unrecognized tax benefits, beginning of year | $ | 41 | $ | 41.2 | |||||||||||||||||
Additions based on current year tax positions and acquisitions | 3.4 | 3.3 | |||||||||||||||||||
Reductions for prior year tax positions | (0.3 | ) | (0.8 | ) | |||||||||||||||||
Settlements with taxing authorities/statute expirations | (6.8 | ) | (2.7 | ) | |||||||||||||||||
Unrecognized tax benefits, end of year | $ | 37.3 | $ | 41 | |||||||||||||||||
Included in the unrecognized tax benefits noted above are $31.9 of uncertain tax positions that would affect the Company’s effective tax rate, if recognized. The Company does not expect any significant increases or decreases to their unrecognized tax benefits within twelve months of this reporting date. In the Consolidated Balance Sheets, unrecognized tax benefits are classified as Other liabilities (non-current) to the extent that payments are not anticipated within one year. | |||||||||||||||||||||
The Company classifies accrued interest and penalties related to unrecognized tax benefits in the income tax provision. The accrued interest and penalties are not included in the table above. The Company accrued approximately $9.6 of interest and $2.8 of penalties at September 30, 2013 and $9.0 of interest and $2.8 of penalties at September 30, 2012. Interest was computed on the difference between the tax position recognized in accordance with GAAP and the amount previously taken or expected to be taken in the Company’s tax returns. | |||||||||||||||||||||
The Company files income tax returns in the U.S. federal jurisdiction, various cities and states, and more than 50 foreign jurisdictions where the Company has operations. U.S. federal income tax returns for tax years ended September 30, 2007 and after remain subject to examination by the Internal Revenue Service. With few exceptions, the Company is no longer subject to state and local income tax examinations for years before September 30, 2003. The status of international income tax examinations varies by jurisdiction. At this time, the Company does not anticipate any material adjustments to its financial statements resulting from tax examinations currently in progress. |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
Earnings Per Share | |||||||||||||
For each period presented below, basic earnings per share is based on the average number of shares outstanding during the period. Diluted earnings per share is based on the average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options and restricted stock equivalents. | |||||||||||||
The following table sets forth the computation of basic and diluted earnings per share: | |||||||||||||
(in millions, except per share data) | FOR THE YEARS ENDED SEPTEMBER 30, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Net earnings for basic and dilutive earnings per share | $ | 407 | $ | 408.9 | $ | 261.2 | |||||||
Denominator: | |||||||||||||
Weighted-average shares - basic | 62.1 | 64.9 | 69.6 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Stock options | 0.1 | 0.2 | 0.2 | ||||||||||
Restricted stock equivalents | 0.7 | 0.6 | 0.5 | ||||||||||
Total dilutive securities | 0.8 | 0.8 | 0.7 | ||||||||||
Weighted-average shares - diluted | 62.9 | 65.7 | 70.3 | ||||||||||
Basic net earnings per share | $ | 6.55 | $ | 6.3 | $ | 3.75 | |||||||
Diluted net earnings per share | $ | 6.47 | $ | 6.22 | $ | 3.72 | |||||||
At September 30, 2013, there were no shares considered anti-dilutive. In the event the potentially dilutive securities are anti-dilutive on net earnings per share (i.e., have the effect of increasing earnings per share), the impact of the potentially dilutive securities is not included in the computation. There were approximately 0.4 and 0.7 anti-dilutive securities at September 30, 2012 and 2011, respectively, which were not included in the diluted net earnings per share calculations for these fiscal years for the reason noted above. |
ShareBased_Payments
Share-Based Payments | 12 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||
Share-Based Payments | |||||||
The Company's Incentive Stock Plan was initially adopted by the Board of Directors in March 2000 and approved by shareholders at the 2001 Annual Meeting of Shareholders. This plan was superseded in January 2009 as the Board of Directors approved a new plan, which was approved by shareholders at the 2009 Annual Meeting of Shareholders (the "2009 Plan"). New awards granted after January 2009 are issued under the 2009 Plan. Under the 2009 Plan, awards of restricted stock, restricted stock equivalents or options to purchase the Company's common stock (ENR stock) may be granted to directors, officers and employees. The 2009 Plan was amended and restated by approval of the shareholders at the January 2011 Annual Meeting of Shareholders to set the maximum number of shares authorized for issuance under the plan to 8.0 million. For purposes of determining the number of shares available for future issuance under the 2009 Plan, as amended and restated, awards of restricted stock and restricted stock equivalents reduces the shares available for future issuance by 1.95 for every one share awarded. Options awarded reduces the number of shares available for future issuance on a one-for-one basis. At September 30, 2013, 2012, and 2011 there were 2.7 million, 3.3 million and 4.6 million shares, respectively, available for future awards under the 2009 Plan, as amended and restated. Since the original plan has been superseded, no further shares under this original plan were available for future awards after the adoption of the 2009 plan, as amended and restated. | |||||||
Options are granted at the market price on the grant date and generally have vested ratably over three to seven years. These awards typically have a maximum term of 10 years. Restricted stock and restricted stock equivalent awards may also be granted. Option shares and prices, and restricted stock and stock equivalent awards, are adjusted in conjunction with stock splits and other recapitalizations so that the holder is in the same economic position before and after these equity transactions. | |||||||
Through December 31, 2012, the Company permitted employee deferrals of bonus and, in the past, permitted deferrals of retainers and fees for directors, under the terms of its Deferred Compensation Plan. Under this plan, employees or directors, that deferred amounts into the Energizer Common Stock Unit Fund were credited with a number of stock equivalents based on the estimated fair value of ENR stock at the time of deferral. In addition, the participants were credited with an additional number of stock equivalents, equal to 25% for employees and 33% for directors, of the amount deferred. This additional match vested immediately for directors and vests three years from the date of initial crediting for employees. Effective January 1, 2011, the 33% match for directors was eliminated for future deferrals. Effective January 1, 2013, future deferrals of compensation by employees is no longer permitted, thus eliminating any further Company matching for employee deferrals as well. Amounts deferred into the Energizer Common Stock Unit Fund, and vested matching deferrals, may be transferred to other investment options offered under the plan after specified restriction periods. At the time of termination of employment, or for directors, at the time of termination of service on the Board, or at such other time for distribution, which may be elected in advance by the participant, the number of equivalents then vested and credited to the participant's account is determined and an amount in cash equal to the estimated fair value of an equivalent number of shares of ENR stock is paid to the participant. This plan is reflected in Other liabilities on the Consolidated Balance Sheets. | |||||||
The Company uses the straight-line method of recognizing compensation cost. Total compensation cost charged against income for the Company’s share-based compensation arrangements was $33.0, $44.9, and $37.3 for the years ended September 30, 2013, 2012 and 2011, respectively, and was recorded in SG&A expense. The total income tax benefit recognized in the Consolidated Statements of Earnings and Comprehensive Income for share-based compensation arrangements was $12.3, $16.8, and $13.9 for the years ended September 30, 2013, 2012 and 2011, respectively. Restricted stock issuance and shares issued for stock option exercises under the Company’s share-based compensation program are generally issued from treasury shares. | |||||||
Options | |||||||
In October 2009, the Company granted non-qualified stock options to purchase 266,750 shares of ENR stock to certain executives and employees of the Company. Total options of approximately 215,500 vested on the third anniversary of the date of the grant. The options remain exercisable for 10 years from the date of grant. However, this term may be reduced under certain circumstances including the recipient’s termination of employment. | |||||||
As of September 30, 2013, the aggregate intrinsic value of stock options outstanding and stock options exercisable were each $7.6. The aggregate intrinsic value of stock options exercised for the years ended September 30, 2013, 2012 and 2011 was $15.7, $3.4, and $8.3, respectively. When valuing new grants, Energizer uses an implied volatility, which reflects the expected volatility for a period equal to the expected life of the option. No new option awards have been granted since October 2009. | |||||||
As of September 30, 2013, there are no unrecognized compensation costs related to stock options granted. For outstanding non-qualified stock options, the weighted-average remaining contractual life is 4.2 years. | |||||||
The following table summarizes non-qualified ENR stock option activity during the current fiscal year (shares in millions): | |||||||
Shares | Weighted-Average | ||||||
Exercise Price | |||||||
Outstanding on October 1, 2012 | 0.64 | $51.59 | |||||
Canceled | (0.02 | ) | 31.95 | ||||
Exercised | (0.38 | ) | 47.38 | ||||
Outstanding on September 30, 2013 | 0.24 | $59.57 | |||||
Exercisable on September 30, 2013 | 0.24 | $59.57 | |||||
Restricted Stock Equivalents (RSE) | |||||||
In October 2008, the Company granted RSE awards to certain employees which included approximately 265,200 shares that in most cases vest ratably over four years or upon death, disability or change of control. At the same time, the Company granted RSE awards to senior executives totaling approximately 374,600 which vested as follows: 1) 25% of the total restricted stock equivalents granted, or 91,900, net of forfeitures, vested on the third anniversary of the date of grant; 2) the remainder of the RSE did not vest because the Company performance target was not achieved. | |||||||
In October 2009, the Company granted RSE awards to certain employees which included approximately 266,300 shares that in most cases vest ratably over four years or upon death, disability or change of control. At the same time, the Company granted two RSE awards to senior executives totaling approximately 485,600 shares which vested as follows: 1) 30% of the total restricted stock equivalents granted, or approximately 130,000, net of forfeitures, vested on the third anniversary of the date of grant; 2) approximately 201,700 shares vested on November 8, 2012 based on the Company’s compound annual growth rate for earnings per share as defined in the incentive plan (EPS CAGR) for the three year period ended on September 30, 2012. Under the terms of the performance award, 66.7% of the performance grant vested based on a 9.33% three year EPS CAGR. | |||||||
In October 2010, the Company granted RSE awards to certain employees which included approximately 313,300 shares that in most cases vest ratably over four years or upon death, disability or change of control. At the same time, the Company granted two RSE awards to key executives totaling approximately 289,000 shares which vested as follows: 1) 30% of the total restricted stock equivalents granted, or approximately 85,300, net of forfeitures, vested on the third anniversary of the date of grant; 2) approximately 58,800 shares vested on November 5, 2013 based on the Company’s compound annual growth rate for earnings per share as defined in the incentive plan (EPS CAGR) for the three year period ended on September 30, 2013. Under the terms of the performance award, 36.9% of the performance grant vested based on a 6.95% three year EPS CAGR. | |||||||
In November 2010, the Company granted two RSE awards to executive officers totaling approximately 159,600 shares which vested as follows: 1) 30% of the total restricted stock equivalents granted, or approximately 47,900, net of forfeitures, vested on the third anniversary of the date of grant; 2) approximately 32,700 shares vested on November 5, 2013 based on the Company’s compound annual growth rate for earnings per share as defined in the incentive plan (EPS CAGR) for the three year period ended on September 30, 2013. Under the terms of the performance award, 36.9% of the performance grant vested based on a 6.95% three year EPS CAGR. | |||||||
In November 2011, the Company granted RSE awards to certain employees which included approximately 310,000 shares that in most cases vest ratably over four years or upon death, disability or change of control. At the same time, the Company granted two RSE awards to key executives. One grant includes approximately 130,700 shares and vests on the third anniversary of the date of grant or upon death, disability or change of control. The second grant includes approximately 305,000 shares which vests on the date that the Company publicly releases its earnings for its 2014 fiscal year contingent upon the Company’s EPS CAGR for the three year period ending on September 30, 2014. Under the terms of the award, 100% of the grant vests if an EPS CAGR of at least 12% is achieved, with smaller percentages vesting if the Company achieves an EPS CAGR between 5% and 12%. In addition, the terms of the performance awards provide that the awards vest upon death, disability and in some instances upon change of control and potential pro rata vesting for retirement based on age and service requirements. The total performance award expected to vest is being amortized over the vesting period. | |||||||
In December 2012, the Company granted RSE awards to a group of key employees which included approximately 188,300 shares that vest ratably over four years or upon death or change of control. At the same time, the Company granted two RSE awards to a group of key executives. One grant includes approximately 94,100 shares and vests, in most cases, on the third anniversary of the date of grant or upon death or change of control. The second grant includes approximately 205,600 shares, which vests on the date that the Company publicly releases its earnings for its 2015 fiscal year, contingent upon achievement of performance targets with respect to adjusted cumulative earnings before interest taxes depreciation and amortization (EBITDA) and adjusted return on invested capital, weighted equally, and subject to adjustment based on relative total shareholder return during the three year performance period based on a relevant group of industrial and consumer goods companies. In addition, the terms of the performance awards provide that the awards vest upon death and in some instances upon change of control and potential pro rata vesting for retirement based on age and service requirements. The total performance awards expected to vest will be amortized over the vesting period. The closing stock price on the date of the grant used to determine the award estimated fair value was $81.45. The awards that are contingent upon achievement of performance targets have a 7% fair value premium to the closing stock price on the date of the grant based on a simulation of outcomes under the relative total shareholders' return metric required by the Accounting Standards Codification ("ASC") section 718. | |||||||
In November 2013, which is fiscal 2014, the Company granted RSE awards to a group of key employees which included approximately 179,800 shares that vest ratably over four years or upon death or change of control. At the same time, the Company granted two RSE awards to a group of key executives. One grant includes approximately 39,800 shares and vests, in most cases, on the third anniversary of the date of grant or upon death or change of control. The second grant includes approximately 238,600 shares, which vests on the date that the Company publicly releases its earnings for its 2016 fiscal year, contingent upon achievement of performance targets with respect to adjusted cumulative earnings before interest taxes depreciation and amortization (EBITDA) and adjusted return on invested capital, weighted equally, and subject to adjustment based on relative total shareholder return during the three year performance period based on a relevant group of industrial and consumer goods companies. In addition, the terms of the performance awards provide that the awards vest upon death and in some instances upon change of control and potential pro rata vesting for retirement based on age and service requirements. The total performance awards expected to vest will be amortized over the vesting period. The closing stock price on the date of the grant used to determine the award estimated fair value was $101.56. The awards that are contingent upon achievement of performance targets will have a fair value premium added or subtracted to the closing stock price on the date of the grant based on a simulation of outcomes under the relative total shareholders' return metric required by the Accounting Standards Codification ("ASC") section 718. | |||||||
The Company records estimated expense for the performance based grants based on target achievement of performance metrics for the three year period for each respective program unless evidence exists that achievement above or below target for the applicable performance metric is more likely to occur. The estimated fair value of the award is determined using the closing share price of the Company's common stock on the date of the grant. | |||||||
The following table summarizes RSE activity during the current fiscal year (shares in millions): | |||||||
Shares | Weighted-Average | ||||||
Grant Date Estimated Fair | |||||||
Value | |||||||
Nonvested RSE at October 1, 2012 | 1.96 | $70.38 | |||||
Granted | 0.5 | 84.33 | |||||
Vested | (0.62 | ) | 67.92 | ||||
Canceled | (0.20 | ) | 69.1 | ||||
Nonvested RSE at September 30, 2013 | 1.64 | $75.75 | |||||
As of September 30, 2013, there was an estimated $47.8 of total unrecognized compensation costs related to RSE granted to date, which will be recognized over a weighted-average period of approximately 1.1 years. The amount recognized may vary as vesting for a portion of the awards depends on the achievement of the established performance targets. The weighted-average estimated fair value for RSE granted in fiscal 2013, 2012 and 2011 was $84.3, $70.3, and $74.9, respectively. The estimated fair value of RSE vested in fiscal 2013, 2012 and 2011 was $46.7, $29.3, and $25.3, respectively. |
Pension_Plans_and_Other_Postre
Pension Plans and Other Postretirement Benefits | 12 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||||||||||||||
Pension Plans and Other Postretirement Benefits | |||||||||||||||||||||||||
The Company has several defined benefit pension plans covering substantially all of its employees in the U.S. and certain employees in other countries. The plans provide retirement benefits based, in certain circumstances, on years of service and on earnings. | |||||||||||||||||||||||||
In the first quarter of fiscal 2013, the Company approved and communicated changes to its U.S. pension plan, which is the most significant of the Company's pension obligations. Effective January 1, 2014, the pension benefit earned at that date by active participants under the legacy Energizer U.S. pension plans will be frozen and future service benefits will no longer be accrued under these retirement programs. For the twelve months ended September 30, 2013, the Company recorded a non-cash, pre-tax curtailment gain of $37.4 as a result of this plan change. | |||||||||||||||||||||||||
In the fourth quarter of fiscal 2013, the Company finalized and communicated a decision to discontinue certain post-retirement medical and life insurance benefits. The communication was provided to all eligible participants of the impacted plans and advised that the Company would discontinue all benefits associated with the impacted plans effective December 31, 2013. As a result of this action, the Company recorded a non-cash, pre-tax gain of $70.2 in the fourth fiscal quarter of 2013. The gains represent the combined effect of the acceleration of a prior service cost credit and other gains and the elimination of the majority of the post-retirement benefit liability. | |||||||||||||||||||||||||
The combined impact of the non-cash gains associated with the pension and other post-retirement benefit changes noted above, which was $107.6 pre-tax, was reported on a separate line item in the Consolidated Statement of Earnings and Comprehensive Income. | |||||||||||||||||||||||||
The Company also sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are required by local law or coordinated with government-sponsored plans, which are not significant in the aggregate and, therefore, are not included in the information presented in the following tables. | |||||||||||||||||||||||||
The following tables present the benefit obligation, plan assets and funded status of the plans: | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Change in Projected Benefit Obligation | |||||||||||||||||||||||||
Benefit obligation at beginning of year | $ | 1,396.90 | $ | 1,261.50 | $ | 39.7 | $ | 50.5 | |||||||||||||||||
Service cost | 27.1 | 26.7 | 0.4 | 0.5 | |||||||||||||||||||||
Interest cost | 48.5 | 55.8 | 1.4 | 2.3 | |||||||||||||||||||||
Plan participants' contributions | 0.3 | 0.4 | 2.8 | 5.6 | |||||||||||||||||||||
Actuarial loss/(gain) | (68.5 | ) | 124.1 | (0.2 | ) | (2.9 | ) | ||||||||||||||||||
Benefits paid, net | (87.4 | ) | (71.7 | ) | (5.8 | ) | (8.1 | ) | |||||||||||||||||
Plan amendments | — | — | (3.3 | ) | (8.9 | ) | |||||||||||||||||||
Plan curtailments | (6.0 | ) | — | (25.2 | ) | — | |||||||||||||||||||
Plan settlements | (6.4 | ) | — | — | — | ||||||||||||||||||||
Foreign currency exchange rate changes | 3.8 | 0.1 | (0.4 | ) | 0.7 | ||||||||||||||||||||
Projected Benefit Obligation at end of year | $ | 1,308.30 | $ | 1,396.90 | $ | 9.4 | $ | 39.7 | |||||||||||||||||
Change in Plan Assets | |||||||||||||||||||||||||
Estimated fair value of plan assets at beginning of year | $ | 937.2 | $ | 815 | $ | 0.4 | $ | 0.7 | |||||||||||||||||
Actual return on plan assets | 103.9 | 125.9 | — | — | |||||||||||||||||||||
Company contributions | 66.1 | 63.2 | 2.6 | 2.2 | |||||||||||||||||||||
Plan participants' contributions | 0.3 | 0.4 | 2.8 | 5.6 | |||||||||||||||||||||
Plan settlements | (6.4 | ) | — | — | — | ||||||||||||||||||||
Benefits paid | (87.4 | ) | (71.7 | ) | (5.8 | ) | (8.1 | ) | |||||||||||||||||
Foreign currency exchange rate changes | (1.4 | ) | 4.4 | — | — | ||||||||||||||||||||
Estimated fair value of plan assets at end of year | $ | 1,012.30 | $ | 937.2 | $ | — | $ | 0.4 | |||||||||||||||||
Funded status at end of year | $ | (296.0 | ) | $ | (459.7 | ) | $ | (9.4 | ) | $ | (39.3 | ) | |||||||||||||
The following table presents the amounts recognized in the Consolidated Balance Sheets and Consolidated Statements of Shareholders’ Equity. | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Amounts Recognized in the Consolidated | |||||||||||||||||||||||||
Balance Sheets | |||||||||||||||||||||||||
Noncurrent assets | $ | 13.6 | $ | 3.8 | $ | — | $ | — | |||||||||||||||||
Current liabilities | (6.6 | ) | (7.9 | ) | (1.7 | ) | (2.4 | ) | |||||||||||||||||
Noncurrent liabilities | (303.0 | ) | (455.6 | ) | (7.7 | ) | (36.9 | ) | |||||||||||||||||
Net amount recognized | $ | (296.0 | ) | $ | (459.7 | ) | $ | (9.4 | ) | $ | (39.3 | ) | |||||||||||||
Amounts Recognized in Accumulated Other | |||||||||||||||||||||||||
Comprehensive Loss | |||||||||||||||||||||||||
Net loss/(gain) | $ | 269.5 | $ | 411.4 | $ | (2.2 | ) | $ | (24.9 | ) | |||||||||||||||
Prior service cost/(credit) | 0.5 | (37.1 | ) | 0.1 | (26.5 | ) | |||||||||||||||||||
Net amount recognized, pre-tax | $ | 270 | $ | 374.3 | $ | (2.1 | ) | $ | (51.4 | ) | |||||||||||||||
Changes recognized in other comprehensive income for the year ended September 30, 2013 are as follows: | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
Changes in plan assets and benefit obligations recognized in other comprehensive loss | |||||||||||||||||||||||||
Prior service cost from plan recent amendment | $ | — | $ | (3.3 | ) | ||||||||||||||||||||
Net gain/loss arising during the year | (111.0 | ) | 0.4 | ||||||||||||||||||||||
Effect of exchange rates | 0.2 | 0.1 | |||||||||||||||||||||||
Amounts recognized as a component of net periodic benefit cost | |||||||||||||||||||||||||
Amortization or curtailment recognition of prior service credit | 37.6 | 29.9 | |||||||||||||||||||||||
Amortization or settlement recognition of net gain/loss | (31.1 | ) | 22.6 | ||||||||||||||||||||||
Total recognized in other comprehensive income | $ | (104.3 | ) | $ | 49.7 | ||||||||||||||||||||
The Company expects to contribute $31.1 to its pension plans and $1.7 to its postretirement plans in fiscal 2014. | |||||||||||||||||||||||||
The Company’s expected future benefit payments are as follows: | |||||||||||||||||||||||||
For The Years Ending September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2014 | $ | 79.7 | $ | 1.7 | |||||||||||||||||||||
2015 | $ | 81.9 | $ | 0.3 | |||||||||||||||||||||
2016 | $ | 85.2 | $ | 0.3 | |||||||||||||||||||||
2017 | $ | 86.3 | $ | 0.4 | |||||||||||||||||||||
2018 | $ | 90.5 | $ | 0.4 | |||||||||||||||||||||
2019 to 2023 | $ | 458.5 | $ | 2 | |||||||||||||||||||||
The accumulated benefit obligation for defined benefit pension plans was $1,280.3 and $1,365.3 at September 30, 2013 and 2012, respectively. The following table shows pension plans with an accumulated benefit obligation in excess of plan assets at the dates indicated. | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Projected benefit obligation | $ | 1,178.10 | $ | 1,270.10 | |||||||||||||||||||||
Accumulated benefit obligation | $ | 1,162.60 | $ | 1,254.00 | |||||||||||||||||||||
Estimated fair value of plan assets | $ | 868.5 | $ | 810 | |||||||||||||||||||||
Pension plan assets in the U.S. plan represent approximately 80% of assets in all of the Company’s defined benefit pension plans. Investment policy for the U.S. plan includes a mandate to diversify assets and invest in a variety of asset classes to achieve that goal. The U.S. plan's assets are currently invested in several funds representing most standard equity and debt security classes. The broad target allocations are approximately: (a) equities, including U.S. and foreign: 65%, (b) debt securities, including U.S. bonds: 31% and (c) other: 4%. Actual allocations at September 30, 2013 approximated these targets. The U.S. plan held no shares of ENR stock at September 30, 2013. Investment objectives are similar for non-U.S. pension arrangements, subject to local regulations. | |||||||||||||||||||||||||
The following table presents pension and postretirement expense: | |||||||||||||||||||||||||
FOR THE YEARS ENDED SEPTEMBER 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Service cost | $ | 27.1 | $ | 26.7 | $ | 28.9 | $ | 0.4 | $ | 0.5 | $ | 0.5 | |||||||||||||
Interest cost | 48.5 | 55.8 | 55.9 | 1.4 | 2.3 | 2.7 | |||||||||||||||||||
Expected return on plan assets | (67.4 | ) | (63.0 | ) | (63.3 | ) | — | — | — | ||||||||||||||||
Amortization of unrecognized prior service cost | (0.2 | ) | (5.5 | ) | (5.6 | ) | (3.7 | ) | (2.6 | ) | (2.7 | ) | |||||||||||||
Amortization of unrecognized transition asset | — | — | 0.2 | — | — | — | |||||||||||||||||||
Recognized net actuarial loss/(gain) | 28.9 | 20.3 | 14.5 | (2.0 | ) | (2.1 | ) | (1.3 | ) | ||||||||||||||||
Curtailment/other (gain)/loss recognized | (37.4 | ) | — | 0.9 | (72.2 | ) | — | — | |||||||||||||||||
Special termination benefits recognized | — | — | 9.6 | — | — | — | |||||||||||||||||||
Settlement loss recognized | 2.2 | 2 | 5.2 | — | — | — | |||||||||||||||||||
Net periodic benefit cost | $ | 1.7 | $ | 36.3 | $ | 46.3 | $ | (76.1 | ) | $ | (1.9 | ) | $ | (0.8 | ) | ||||||||||
Amounts expected to be amortized from accumulated other comprehensive loss into net period benefit cost during the year ending September 30, 2014, are as follows: | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
Net actuarial (loss)/gain | $ | (18.6 | ) | $ | 0.1 | ||||||||||||||||||||
Prior service cost | $ | (0.3 | ) | $ | — | ||||||||||||||||||||
The following table presents assumptions, which reflect weighted-averages for the component plans, used in determining the above information: | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Plan obligations: | |||||||||||||||||||||||||
Discount rate | 4.3 | % | 3.6 | % | 4.9 | % | 3.9 | % | |||||||||||||||||
Compensation increase rate | 2.5 | % | 2.5 | % | N/A | N/A | |||||||||||||||||||
Net periodic benefit cost: | |||||||||||||||||||||||||
Discount rate | 3.6 | % | 4.6 | % | 3.9 | % | 4.8 | % | |||||||||||||||||
Expected long-term rate of return on plan assets | 7.3 | % | 7.3 | % | 3 | % | 3 | % | |||||||||||||||||
Compensation increase rate | 2.5 | % | 2.7 | % | N/A | N/A | |||||||||||||||||||
The expected return on plan assets was determined based on historical and expected future returns of the various asset classes, using the target allocations described above. Specifically, for the U.S., which constitutes over 80% of our total assets, the expected return on equities is approximately 9.3%, and the expected return on debt securities (including government and corporate bonds) is approximately 4.3%. | |||||||||||||||||||||||||
The following table sets forth the estimated fair value of the Company’s pension assets as of September 30, 2013 and 2012 segregated by level within the estimated fair value hierarchy. Refer to Note 14 of the Notes to Consolidated Financial Statements for further discussion on the estimated fair value hierarchy and estimated fair value principles. | |||||||||||||||||||||||||
2013 Pension Assets | |||||||||||||||||||||||||
ASSETS AT ESTIMATED FAIR VALUE | Level 1 | Level 2 | Total | ||||||||||||||||||||||
EQUITY | |||||||||||||||||||||||||
U.S. Equity | $ | 259.7 | $ | 91.4 | $ | 351.1 | |||||||||||||||||||
International Equity | 17.5 | 292 | 309.5 | ||||||||||||||||||||||
DEBT | |||||||||||||||||||||||||
U.S. Gov't | — | 253.5 | 253.5 | ||||||||||||||||||||||
Other Gov't | — | 25.2 | 25.2 | ||||||||||||||||||||||
Corporate | — | 29.4 | 29.4 | ||||||||||||||||||||||
CASH & CASH EQUIVALENTS | 1.7 | 36.1 | 37.8 | ||||||||||||||||||||||
OTHER | — | 5.8 | 5.8 | ||||||||||||||||||||||
TOTAL | $ | 278.9 | $ | 733.4 | $ | 1,012.30 | |||||||||||||||||||
2012 Pension Assets | |||||||||||||||||||||||||
ASSETS AT ESTIMATED FAIR VALUE | Level 1 | Level 2 | Total | ||||||||||||||||||||||
EQUITY | |||||||||||||||||||||||||
U.S. Equity | $ | 259.1 | $ | 51.9 | $ | 311 | |||||||||||||||||||
International Equity | 15.3 | 248.3 | 263.6 | ||||||||||||||||||||||
DEBT | |||||||||||||||||||||||||
U.S. Gov't | — | 294.8 | 294.8 | ||||||||||||||||||||||
Other Gov't | — | 8.8 | 8.8 | ||||||||||||||||||||||
Corporate | — | 49.2 | 49.2 | ||||||||||||||||||||||
CASH & CASH EQUIVALENTS | 1.3 | — | 1.3 | ||||||||||||||||||||||
OTHER | — | 8.5 | 8.5 | ||||||||||||||||||||||
TOTAL | $ | 275.7 | $ | 661.5 | $ | 937.2 | |||||||||||||||||||
In addition to the pension plan assets detailed above, the Company had no postretirement assets at September 30, 2013 and $0.4 of postretirement assets at September 30, 2012, which were classified as Level 1. | |||||||||||||||||||||||||
There were no Level 3 pension and other postretirement plan assets at September 30, 2013 and 2012. | |||||||||||||||||||||||||
Our investment objective for defined benefit retirement plan assets is to satisfy the current and future pension benefit obligations. The investment philosophy is to achieve this objective through diversification of the retirement plan assets. The goal is to earn a suitable return with an appropriate level of risk while maintaining adequate liquidity to distribute benefit payments. The diversified asset allocation includes equity positions, as well as a fixed income investments. The increased volatility associated with equities is offset with higher expected returns, while the long duration fixed income investments help dampen the volatility of the overall portfolio. Risk exposure is controlled by re-balancing the retirement plan assets back to target allocations, as needed. Investment firms managing retirement plan assets carry out investment policy within their stated guidelines. Investment performance is monitored against benchmark indices, which reflect the policy and target allocation of the retirement plan assets. |
Defined_Contribution_Plan
Defined Contribution Plan | 12 Months Ended |
Sep. 30, 2013 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | ' |
Defined Contribution Plan [Text Block] | ' |
Defined Contribution Plan | |
The Company sponsors a defined contribution plan, which extends participation eligibility to the vast majority of U.S. employees. The Company matches 50% of participant’s before-tax contributions up to 6% of eligible compensation. As a result of the freezing of the U.S. pension plan, effective January 1, 2014 the Company will match 100% of participant’s before-tax contributions up to 6% of eligible compensation. Amounts charged to expense during fiscal 2013, 2012, and 2011 were $9.3, $9.3, and $9.2, respectively, and are reflected in SG&A and Cost of products sold in the Consolidated Statements of Earnings and Comprehensive Income. |
Debt
Debt | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt Disclosure [Text Block] | ' | ||||||||
Debt | |||||||||
Notes payable at September 30, 2013 and 2012 consisted of notes payable to financial institutions with original maturities of less than one year of $99.0 and $162.4, respectively, and had a weighted-average interest rate of 2.5% and 2.2%, respectively. | |||||||||
The detail of long-term debt at September 30 for the year indicated is as follows: | |||||||||
2013 | 2012 | ||||||||
Private Placement, fixed interest rates ranging from 5.2% to 6.6%, due 2013 to 2017 | $ | 1,040.00 | $ | 1,165.00 | |||||
Senior Notes, fixed interest rate of 4.7%, due 2021 | 600 | 600 | |||||||
Senior Notes, fixed interest rate of 4.7%, due 2022, net of discount | 498.8 | 498.6 | |||||||
Term Loan, repaid in December 2012 | — | 106.5 | |||||||
Total long-term debt, including current maturities | 2,138.80 | 2,370.10 | |||||||
Less current portion | 140 | 231.5 | |||||||
Total long-term debt | $ | 1,998.80 | $ | 2,138.60 | |||||
The Company’s total borrowings were $2,237.8 at September 30, 2013, including $99.0 tied to variable interest rates. The Company maintains total debt facilities of $2,687.8. The Company's Amended and Restated Revolving Credit Agreement, which matures in 2016, currently provides for revolving credit loans and the issuance of letters of credit in an aggregate amount of up to $450 at September 30, 2013. We had no outstanding borrowings under our revolving credit facility, and $438.5 remains available as of September 30, 2013, taking into account outstanding borrowings and $11.5 of outstanding letters of credit. | |||||||||
Under the terms of the Company’s credit agreement, the ratio of the Company’s indebtedness to its earnings before interest taxes depreciation and amortization (EBITDA), as defined in the agreements and detailed below, cannot be greater than 4.0 to 1, and may not remain above 3.5 to 1 for more than four consecutive quarters. If and so long as the ratio is above 3.5 to 1 for any period, the Company is required to pay additional interest expense for the period in which the ratio exceeds 3.5 to 1. The interest rate margin and certain fees vary depending on the indebtedness to EBITDA ratio. Under the Company’s private placement note agreements, indebtedness to EBITDA may not be greater than 4.0 to 1; if the ratio is above 3.5 to 1, for any quarter, the Company is required to pay additional interest on the private placement notes of 0.75% per annum for each quarter until the ratio is reduced to not more than 3.5 to 1. In addition, under the credit agreement, the ratio of its current year earnings before interest and taxes (EBIT), as defined in the agreement, to total interest expense must exceed 3.0 to 1. The Company’s ratio of indebtedness to its EBITDA was 2.3 to 1, and the ratio of its EBIT to total interest expense was 5.7 to 1, as of September 30, 2013. These ratios are impacted by pre-tax cash charges associated with restructuring activities as such charges reduce both EBITDA and EBIT as defined in the agreement. The ratios at September 30, 2013 were somewhat negatively impacted by a portion of the pre-tax charges associated with the 2013 restructuring as such charges, exclusive of those considered non-cash, reduced EBITDA as defined in the agreement. We expect the ratios to be somewhat negatively impacted in the near term due to anticipated cash restructuring charges, but we expect to remain in full compliance with the debt covenant ratios. In addition to the financial covenants described above, the credit agreement and the note purchase agreements contain customary representations and affirmative and negative covenants, including limitations on liens, sales of assets, subsidiary indebtedness, mergers and similar transactions, changes in the nature of the business of the Company and transactions with affiliates. If the Company fails to comply with the financial covenants referred to above or with other requirements of the credit agreement or private placement note agreements, the lenders would have the right to accelerate the maturity of the debt. Acceleration under one of these facilities would trigger cross defaults on other borrowings. | |||||||||
Under the credit agreement, EBITDA is defined as net earnings, as adjusted to add-back interest expense, income taxes, depreciation and amortization, all of which are determined in accordance with GAAP. In addition, the credit agreement allows certain non-cash charges such as stock award amortization and asset write-offs including, but not limited to, the impairment and accelerated depreciation associated with the 2013 restructuring, to be “added-back” in determining EBITDA for purposes of the indebtedness ratio. Severance and other cash charges incurred as a result of restructuring and realignment activities as well as expenses incurred in acquisition integration activities are included as reductions in EBITDA for calculation of the indebtedness ratio. In the event of an acquisition, EBITDA is calculated on a pro forma basis to include the trailing twelve-month EBITDA of the acquired company or brands. Total debt is calculated in accordance with GAAP, but excludes outstanding borrowings under the receivable securitization program. EBIT is calculated in a fashion identical to EBITDA except that depreciation and amortization are not “added-back”. Total interest expense is calculated in accordance with GAAP. | |||||||||
The counterparties to long-term committed borrowings consist of a number of major financial institutions. The Company consistently monitors positions with, and credit ratings of, counterparties both internally and by using outside ratings agencies. | |||||||||
Advances under the Company's existing receivables securitization program, as amended, may not exceed $200, are not considered debt for purposes of the Company’s debt compliance covenants, but are included in total debt on the balance sheet. At September 30, 2013 and 2012, $78.0 and $140.0, respectively, was outstanding under this facility. | |||||||||
In fiscal 2012, the Company issued $500.0 aggregate principal amount of 4.70% senior notes due in May 2022 with interest payable semi-annually in May and November (the "2012 Notes"). The net proceeds of $495 were used to repay existing indebtedness including approximately $335 of our term loan, which matured in December 2012, $100 of private placement notes, which matured in June 2012, and a portion of our outstanding balance under our receivables securitization program. The 2012 Notes contain the same provisions as the senior notes issued in 2011 and described below. | |||||||||
In fiscal 2011, the Company issued $600.0 aggregate principal amount of senior, unsecured notes with interest paid semi-annually in May and November at an annual fixed interest rate of 4.70% (the "2011 Notes"). The 2011 Notes mature in May 2021, and are guaranteed by all of our existing and future subsidiaries that are guarantors under any of our credit agreements or other indebtedness, and such subsidiaries will remain guarantors of the 2011 Notes for as long as they remain a guarantor on other indebtedness. The 2011 Notes are redeemable at our option from time to time in accordance with the optional redemption provisions of the notes, including potential make-whole premiums. In addition, upon the occurrence of a change in control, the holders of the 2011 Notes have the right to require the Company to repurchase all or a portion of the notes at a specified redemption price. The 2011 Notes also contain certain limitations regarding the merger, consolidation or sale of the Company's assets. | |||||||||
Aggregate maturities of long-term debt, including current maturities, at September 30, 2013 are as follows for the fiscal years’ noted: $140.0 in 2014, $230.0 in 2015, $210.0 in 2016, $150.0 in 2017, $310.0 in 2018 and $1,100.0 thereafter. At this time, the Company intends to repay only scheduled debt maturities over the course of the next fiscal year with the intent to preserve committed liquidity. |
Preferred_Stock
Preferred Stock | 12 Months Ended |
Sep. 30, 2013 | |
Class of Stock Disclosures [Abstract] | ' |
Preferred Stock [Text Block] | ' |
Preferred Stock | |
The Company’s Articles of Incorporation authorize the Company to issue up to 10 million shares of $0.01 par value of preferred stock. During the three years ended September 30, 2013, there were no shares of preferred stock outstanding. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended |
Sep. 30, 2013 | |
Equity [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Shareholders’ Equity | |
At September 30, 2013, there were 300 million shares of ENR stock authorized, of which approximately 0.3 million shares were reserved for issuance under the 2000 Incentive Stock Plan and 1.8 million shares were reserved for issuance under the 2009 Incentive Stock Plan. | |
Beginning in September 2000, the Company’s Board of Directors has approved a series of resolutions authorizing the repurchase of shares of Energizer common stock, with no commitments by the Company to repurchase such shares. In April 2012, the Board of Directors approved the repurchase of up to ten million shares. This authorization replaced a prior stock repurchase authorization, which was approved in July 2006. The Company did not repurchase any shares of the Company's common stock, other than a small number of shares related to the net settlement of certain stock awards for tax withholding purposes, during the twelve months ended September 30, 2013. The Company has approximately six million shares remaining under the above noted Board authorization to repurchase its common stock in the future. Future share repurchases, if any, would be made on the open market, privately negotiated transactions or otherwise, in such amounts and at such times as the Company deems appropriate based upon prevailing market conditions, business needs and other factors. | |
For the twelve months ended September 30, 2013, total dividends declared to shareholders were $108.1 of which $105.6 were paid. | |
Subsequent to the end of fiscal 2013, on November 4, 2013, the Company's Board of Directors declared a dividend for the first quarter of fiscal 2014 of $0.50 per share of Common Stock, which will be paid on December 17, 2013 and is expected to be approximately $31. | |
On June 4, 2013, the Company retired approximately 43 million shares of its treasury stock. These shares are now authorized but unissued. In accordance with ASC section 505, the treasury stock retirement resulted in a reduction of the following on the Company's Consolidated Balance Sheet: treasury stock by $2,146.5, common stock by $0.4 and retained earnings by $2,146.1. There was no effect on the Company's total shareholders' equity as a result of the retirement. |
Financial_Instruments_and_Risk
Financial Instruments and Risk Management | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Financial Instruments and Risk Management [Abstract] | ' | ||||||||||||
Financial Instruments and Risk Management Disclosure [Text Block] | ' | ||||||||||||
Financial Instruments and Risk Management | |||||||||||||
The market risk inherent in the Company’s financial instruments and positions represents the potential loss arising from adverse changes in currency rates, commodity prices, interest rates and the Company’s stock price. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into hedges for trading purposes where the sole objective is to generate profits. | |||||||||||||
Concentration of Credit Risk The counterparties to derivative contracts consist of a number of major financial institutions and are generally institutions with which the Company maintains lines of credit. The Company does not enter into derivative contracts through brokers nor does it trade derivative contracts on any other exchange or over-the-counter markets. Risk of currency positions and mark-to-market valuation of positions are strictly monitored at all times. | |||||||||||||
The Company continually monitors positions with, and credit ratings of, counterparties both internally and by using outside rating agencies. The Company has implemented policies that limit the amount of agreements it enters into with any one party. While nonperformance by these counterparties exposes the Company to potential credit losses, such losses are not anticipated. | |||||||||||||
The Company sells to a large number of customers primarily in the retail trade, including those in mass merchandising, drugstore, supermarket and other channels of distribution throughout the world. Wal-Mart Stores, Inc. and its subsidiaries accounted for 20.0%, 20.3% and 19.5% of total net sales in fiscal 2013, 2012 and 2011, respectively, primarily in North America. The Company performs ongoing evaluations of its customers' financial condition and creditworthiness, but does not generally require collateral. The Company’s largest customer had obligations to the Company with a carrying value of $80.2 at September 30, 2013. While the competitiveness of the retail industry presents an inherent uncertainty, the Company does not believe a significant risk of loss from a concentration of credit risk exists with respect to accounts receivable. | |||||||||||||
In the ordinary course of business, the Company enters into contractual arrangements (derivatives) to reduce its exposure to foreign currency, interest rate and commodity price risks. The section below outlines the types of derivatives that existed at September 30, 2013 and 2012 as well as the Company’s objectives and strategies for holding these derivative instruments. | |||||||||||||
Commodity Price Risk The Company uses raw materials that are subject to price volatility. At times, the Company has used, and may in the future use, hedging instruments to reduce exposure to variability in cash flows associated with future purchases of certain materials and commodities. At September 20, 2013, there were no open derivative or hedging instruments for future purchases of raw materials or commodities. | |||||||||||||
Foreign Currency Risk A significant portion of the Company’s product cost is more closely tied to the U.S. dollar than to the local currencies in which the product is sold. As such, a weakening of currencies relative to the U.S. dollar, results in margin declines unless mitigated through pricing actions, which are not always available due to the economic or competitive environment. Conversely, a strengthening in currencies relative to the U.S. dollar can improve margins. As a result, the Company has entered into a series of forward currency contracts to hedge the cash flow uncertainty of forecasted inventory purchases due to short term currency fluctuations. The Company’s primary foreign affiliates, which are exposed to U.S. dollar purchases, have the Euro, the Japanese yen, the British pound, the Canadian dollar and the Australian dollar as their local currencies. At September 30, 2013 and 2012, the Company had an unrealized pre-tax gain on these forward currency contracts accounted for as cash flow hedges of $1.5 and an unrealized pre-tax loss of $5.9, respectively, included in Accumulated other comprehensive loss on the Consolidated Balance Sheets. Assuming foreign exchange rates versus the U.S. dollar remain at September 30, 2013 levels, over the next twelve months, approximately $1.9 of the pre-tax gain included in Accumulated other comprehensive loss will be included in earnings. Contract maturities for these hedges extend into fiscal year 2014. There were 80 open contracts at September 30, 2013 with a total notional value of approximately $339. | |||||||||||||
Interest Rate Risk Through December 2012, the Company had specific interest rate risk with respect to interest expense on the Company's term loan, which was repaid in full by the end of the first quarter of fiscal 2013. As a result, the interest rate swap agreement in place to hedge this specific risk was settled on November 30, 2012 at a $0.3 loss. This loss was included in interest expense in the Consolidated Statements of Earnings and Comprehensive Income. At September 30, 2013, the Company had $99.0 of variable rate debt outstanding, which was primarily outstanding borrowings under the Company's receivable securitization program. | |||||||||||||
Cash Flow Hedges The Company maintains a number of cash flow hedging programs, as discussed above, to reduce risks related to foreign currency and interest rate risk. Each of these derivative instruments have a high correlation to the underlying exposure being hedged and have been deemed highly effective for accounting purposes in offsetting the associated risk. | |||||||||||||
Derivatives not Designated in Hedging Relationships The Company holds a share option with a major financial institution to mitigate the impact of changes in certain of the Company’s unfunded deferred compensation liabilities, which are tied to the Company’s common stock price. Period activity related to the share option is classified in the same category in the cash flow statement as the period activity associated with the Company’s deferred compensation liability, which was cash flow from operations. | |||||||||||||
In addition, the Company enters into foreign currency derivative contracts which are not designated as cash flow hedges for accounting purposes to hedge existing balance sheet exposures. Any gains or losses on these contracts would be offset by corresponding exchange losses or gains on the underlying exposures; thus, they are not subject to significant market risk. There were 13 open foreign currency derivative contracts which are not designated as cash flow hedges at September 30, 2013 with a total notional value of approximately $118. | |||||||||||||
The following table provides estimated fair values as of September 30, 2013 and 2012, and the amounts of gains and losses on derivative instruments classified as cash flow hedges as of and for the twelve months ended September 30, 2013 and 2012, respectively. | |||||||||||||
At September 30, 2013 | For the Year Ended September 30, 2013 | ||||||||||||
Derivatives designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset(Liability) (1) (2) | Gain/(Loss) Recognized in OCI(3) | Gain/(Loss) | ||||||||||
Reclassified From OCI into Income (Effective Portion) (4) (5) | |||||||||||||
Foreign currency contracts | $ | 1.5 | $ | 18.1 | $ | 10.7 | |||||||
Interest rate contracts | — | — | (0.3 | ) | |||||||||
Total | $ | 1.5 | $ | 18.1 | $ | 10.4 | |||||||
At September 30, 2012 | For the Year Ended September 30, 2012 | ||||||||||||
Derivatives designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset(Liability) (1) (2) | Gain/(Loss) Recognized in OCI(3) | Gain/(Loss) | ||||||||||
Reclassified From OCI into Income (Effective Portion) (4) (5) | |||||||||||||
Foreign currency contracts | $ | (5.9 | ) | $ | (10.0 | ) | $ | (0.8 | ) | ||||
Commodity contracts | — | — | (6.0 | ) | |||||||||
Interest rate contracts | (0.3 | ) | 2.7 | (1.7 | ) | ||||||||
Total | $ | (6.2 | ) | $ | (7.3 | ) | $ | (8.5 | ) | ||||
-1 | All derivative assets are presented in other current assets or other assets. | ||||||||||||
-2 | All derivative liabilities are presented in other current liabilities or other liabilities. | ||||||||||||
-3 | OCI is defined as other comprehensive income. | ||||||||||||
-4 | Gain/(Loss) reclassified to Income was recorded as follows: Foreign currency contracts and ineffective commodity contract in other financing items, net, effective commodity contracts in Cost of products sold. | ||||||||||||
-5 | Each of these derivative instruments has a high correlation to the underlying exposure being hedged and has been deemed highly effective in offsetting associated risk. The ineffective portion for foreign currency and interest rate contracts recognized in income was insignificant to the twelve months ended September 30, 2013. In September 2012, the Company discontinued hedge accounting treatment for its zinc contracts as the contracts no longer correlated to the underlying zinc exposure being hedged. Included within the net loss above is a $1.6 gain for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. This gain has been included in the table below for derivatives not designated as cash flow hedges. | ||||||||||||
The following table provides estimated fair values as of September 30, 2013 and 2012, and the amounts of gains and losses on derivative instruments not classified as cash flow hedges as of and for the twelve months ended September 30, 2013 and 2012, respectively. | |||||||||||||
At September 30, 2013 | For the Year Ended September 30, 2013 | ||||||||||||
Derivatives not designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset (Liability) | Gain/(Loss) Recognized in Income (1) | |||||||||||
Share option | $ | 7.7 | $ | 15.5 | |||||||||
Commodity contracts (2) | — | (1.9 | ) | ||||||||||
Foreign currency contracts | (3.2 | ) | 4.9 | ||||||||||
Total | $ | 4.5 | $ | 18.5 | |||||||||
At September 30, 2012 | For the Year Ended September 30, 2012 | ||||||||||||
Derivatives not designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset (Liability) | Gain/(Loss) Recognized in Income (1) | |||||||||||
Share option | $ | 2.5 | $ | 6.1 | |||||||||
Commodity contracts (2) | 1.6 | 1.6 | |||||||||||
Foreign currency contracts | (0.7 | ) | (1.9 | ) | |||||||||
Total | $ | 3.4 | $ | 5.8 | |||||||||
(1) Gain/(Loss) recognized in Income was recorded as follows: Share option in Selling, general and administrative expense and foreign currency and commodity contracts in other financing. | |||||||||||||
(2) In September 2012, the Company discontinued hedge accounting treatment for its existing zinc contracts. These contracts no longer meet the accounting requirements for classification as cash flow hedges because of an ineffective correlation to the underlying zinc exposure being hedged. Included in the table above is a gain of $1.6 for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. | |||||||||||||
Fair Value Hierarchy Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified in one of the following three categories: | |||||||||||||
Level 1: Quoted market prices in active markets for identical assets or liabilities. | |||||||||||||
Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. | |||||||||||||
Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. | |||||||||||||
Under the fair value accounting guidance hierarchy, an entity is required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The following table sets forth the Company’s financial assets and liabilities, which are carried at fair value, as of September 30, 2013 and 2012 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: | |||||||||||||
Level 2 | |||||||||||||
September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Assets/(Liabilities) at estimated fair value: | |||||||||||||
Deferred Compensation | $ | (167.6 | ) | $ | (161.6 | ) | |||||||
Derivatives - Foreign Currency contracts | (1.7 | ) | (6.6 | ) | |||||||||
Derivatives - Commodity contracts | — | 1.6 | |||||||||||
Derivatives - Interest rate contracts | — | (0.3 | ) | ||||||||||
Share Option | 7.7 | 2.5 | |||||||||||
Total Liabilities at estimated fair value | $ | (161.6 | ) | $ | (164.4 | ) | |||||||
At September 30, 2013 and 2012, the Company had no level 1 or level 3 financial assets or liabilities. | |||||||||||||
See Note 8 of the Notes to Consolidated Financial Statements for further discussion of deferred compensation liabilities. | |||||||||||||
At September 30, 2013 and 2012, the fair market value of fixed rate long-term debt was $2,262.3 and $2,438.0, respectively, compared to its carrying value of $2,138.8 and $2,263.6, respectively. The book value of the Company’s variable rate debt approximates estimated fair value. The estimated fair value of the long-term debt is estimated using yields obtained from independent pricing sources for similar types of borrowing arrangements. The estimated fair value of fixed rate long-term debt has been determined based on level 2 inputs. | |||||||||||||
Due to the nature of cash and cash equivalents and short-term borrowings, including notes payable, carrying amounts on the balance sheets approximate estimated fair value. The estimated fair value of cash and cash equivalents and short-term borrowings have been determined based on level 2 inputs. | |||||||||||||
At September 30, 2013, the estimated fair value of foreign currency contracts and the Company's share option as described above is the amount that the Company would receive or pay to terminate the contracts, considering first, quoted market prices of comparable agreements, or in the absence of quoted market prices, such factors as interest rates, currency exchange rates and remaining maturities. The estimated fair value of the Company's unfunded deferred compensation liability is determined based upon the quoted market prices of the Energizer Common Stock Unit Fund as well as other investment options that are offered under the plan. | |||||||||||||
Venezuela Currency Risk See Note 4 of the Notes to Consolidated Financial Statements for further information on Venezuela currency risk. |
Environmental_and_Legal_Matter
Environmental and Legal Matters | 12 Months Ended |
Sep. 30, 2013 | |
Environmental and Legal Matters [Abstract] | ' |
Environmental and Legal Matters Disclosure [Text Block] | ' |
Environmental and Legal Matters | |
Government Regulation and Environmental Matters – The operations of the Company, like those of other companies engaged in the Household Products and Personal Care businesses, are subject to various federal, state, foreign and local laws and regulations intended to protect the public health and the environment. These regulations relate primarily to worker safety, air and water quality, underground fuel storage tanks and waste handling and disposal. The Company has received notices from the U.S. Environmental Protection Agency, state agencies and/or private parties seeking contribution, that it has been identified as a “potentially responsible party” (PRP) under the Comprehensive Environmental Response, Compensation and Liability Act, and may be required to share in the cost of cleanup with respect to eight federal “Superfund” sites. It may also be required to share in the cost of cleanup with respect to state-designated sites or other sites outside of the U.S. | |
Accrued environmental costs at September 30, 2013 were $19.3, of which $4.7 is expected to be spent in fiscal 2014. It is difficult to quantify with certainty the cost of environmental matters, particularly remediation and future capital expenditures for environmental control equipment. Total environmental capital expenditures and operating expenses are not expected to have a material effect on our total capital and operating expenditures, consolidated earnings or competitive position. However, current environmental spending estimates could be modified as a result of changes in our plans or our understanding of underlying facts, changes in legal requirements, including any requirements related to global climate change, or other factors. | |
Certain of the Company’s products are subject to regulation by the United States Food and Drug Administration (FDA), including feminine care and sun care products. | |
Legal Proceedings – The Company and its subsidiaries are parties to a number of legal proceedings in various jurisdictions arising out of the operations of the Company's businesses. Many of these legal matters are in preliminary stages and involve complex issues of law and fact, and may proceed for protracted periods of time. The amount of liability, if any, from these proceedings cannot be determined with certainty. However, based upon present information, the Company believes that its liability, if any, arising from such pending legal proceedings, asserted legal claims and known potential legal claims which are likely to be asserted, are not reasonably likely to be material to the Company's financial position, results of operations, or cash flows, taking into account established accruals for estimated liabilities. |
Other_Commitments_and_Continge
Other Commitments and Contingencies | 12 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Other Commitments and Contingencies | |
Total rental expense less sublease rental income for all operating leases was $29.4, $30.8 and $32.6 in fiscal 2013, 2012 and 2011, respectively. Future minimum rental commitments under non-cancellable operating leases in effect as of September 30, 2013, were $28.9 in fiscal 2014, $21.9 in fiscal 2015, $17.4 in fiscal 2016, $16.1 in fiscal 2017, $15.1 in fiscal 2018 and $30.6 thereafter. These leases are primarily for office facilities. |
Supplemental_Financial_Stateme
Supplemental Financial Statement Information | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Balance Sheet Related Disclosures [Abstract] | ' | ||||||||||||
Supplemental Balance Sheet Disclosures [Text Block] | ' | ||||||||||||
Supplemental Financial Statement Information | |||||||||||||
The components of certain balance sheet accounts at September 30 for the years indicated are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Inventories | |||||||||||||
Raw materials and supplies | $ | 95.2 | $ | 100.7 | |||||||||
Work in process | 150.2 | 141.2 | |||||||||||
Finished products | 370.9 | 430.5 | |||||||||||
Total inventories | $ | 616.3 | $ | 672.4 | |||||||||
Other Current Assets | |||||||||||||
Miscellaneous receivables | $ | 56.7 | $ | 81.5 | |||||||||
Deferred income tax benefits | 211.7 | 207 | |||||||||||
Prepaid expenses | 87.5 | 90 | |||||||||||
Value added tax collectible from customers | 57.6 | 53.5 | |||||||||||
Share option | 7.7 | 2.5 | |||||||||||
Income tax receivable | 31.1 | — | |||||||||||
Other | 20.9 | 20.5 | |||||||||||
Total other current assets | $ | 473.2 | $ | 455 | |||||||||
Property, plant and equipment | |||||||||||||
Land | $ | 39.1 | $ | 39 | |||||||||
Buildings | 283.9 | 278.2 | |||||||||||
Machinery and equipment | 1,799.20 | 1,775.70 | |||||||||||
Construction in progress | 63.7 | 75.6 | |||||||||||
Total gross property | 2,185.90 | 2,168.50 | |||||||||||
Accumulated depreciation | (1,430.3 | ) | (1,320.0 | ) | |||||||||
Total property, plant and equipment, net | $ | 755.6 | $ | 848.5 | |||||||||
Other Current Liabilities | |||||||||||||
Accrued advertising, sales promotion and allowances | $ | 100.3 | $ | 70.1 | |||||||||
Accrued trade allowances | 93.1 | 101.4 | |||||||||||
Accrued salaries, vacations and incentive compensation | 112 | 115.9 | |||||||||||
Income taxes payable | — | 25.2 | |||||||||||
Returns reserve | 49.8 | 52.8 | |||||||||||
2013 restructuring reserve | 20.6 | 2.8 | |||||||||||
Other | 198.2 | 220.2 | |||||||||||
Total other current liabilities | $ | 574 | $ | 588.4 | |||||||||
Other Liabilities | |||||||||||||
Pensions and other retirement benefits | $ | 315.9 | $ | 506 | |||||||||
Deferred compensation | 167.8 | 161.9 | |||||||||||
Deferred income tax liabilities | 541.7 | 455 | |||||||||||
Other non-current liabilities | 86.2 | 92.7 | |||||||||||
Total other liabilities | $ | 1,111.60 | $ | 1,215.60 | |||||||||
Allowance for Doubtful Accounts | 2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 15.9 | $ | 15.9 | $ | 13.2 | |||||||
Impact of acquisition | — | — | 0.8 | ||||||||||
Provision charged to expense, net of reversals | (0.3 | ) | 2.2 | 4.6 | |||||||||
Write-offs, less recoveries, translation, other | 0.4 | (2.2 | ) | (2.7 | ) | ||||||||
Balance at end of year | $ | 16 | $ | 15.9 | $ | 15.9 | |||||||
Income Tax Valuation Allowance | 2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 11.9 | $ | 12.6 | $ | 11 | |||||||
Provision charged to expense | 0.5 | — | 11.4 | ||||||||||
Reversal of provision charged to expense | (0.2 | ) | (0.8 | ) | (4.6 | ) | |||||||
Write-offs, translation, other | (2.7 | ) | 0.1 | (5.2 | ) | ||||||||
Balance at end of year | $ | 9.5 | $ | 11.9 | $ | 12.6 | |||||||
Supplemental Disclosure of Cash Flow Information | 2013 | 2012 | 2011 | ||||||||||
Interest paid, including cost of early debt retirement | $ | 126.5 | $ | 117.5 | $ | 141.8 | |||||||
Income taxes paid | $ | 142.2 | $ | 113 | $ | 206.4 | |||||||
Segment_Information
Segment Information | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||
Segment Information | |||||||||||||
Operations for the Company are managed via two segments - Personal Care (wet shave, skin care, feminine care and infant care) and Household Products (battery and portable lighting products). Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses, share-based compensation costs, costs associated with most restructuring initiatives including the 2013 restructuring detailed below, acquisition integration or business realignment activities, and amortization of intangible assets. Financial items, such as interest income and expense, are managed on a global basis at the corporate level. The exclusion from segment results of charges such as other acquisition transaction and integration costs, and substantially all restructuring and realignment costs, reflects management's view on how it evaluates segment performance. | |||||||||||||
The Company's operating model includes a combination of stand-alone and combined business functions between the Personal Care and Household Products businesses, varying by country and region of the world. Shared functions include product warehousing and distribution, various transaction processing functions, and in some countries, a combined sales force and management. The Company applies a fully allocated cost basis, in which shared business functions are allocated between the segments. Such allocations are estimates, and also do not represent the costs of such services if performed on a stand-alone basis. | |||||||||||||
For the fiscal year ended September 30, 2013, the Company recorded $139.3 in restructuring charges related to its 2013 restructuring. The 2013 restructuring charges were reported on a separate line in the Consolidated Statements of Earnings and Comprehensive Income. In addition, pre-tax costs of $5.2, for the twelve months ended September 30, 2013, associated with certain information technology enablement activities related to our restructuring initiatives were included in SG&A on the Consolidated Statement of Earnings and Comprehensive Income. Also, pre-tax costs of $6.1, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as part of our restructuring, were included in Cost of products sold on the Consolidated Statements of Earnings and Comprehensive Income. The information technology costs and non-core inventory obsolescence charges are considered part of the total project costs incurred for our restructuring initiative. In fiscal 2012 the Company recored $7.3 of costs associated with consulting activities related to the 2013 restructuring plan. See Note 3 of the Notes to Consolidated Financial Statements. | |||||||||||||
In fiscal 2013, the Company approved and communicated changes to certain pension and post-retirement benefits. Effective January 1, 2014, the pension benefit earned to date by active participants under the legacy Energizer U.S. pension plan will be frozen and future service benefits will no longer be accrued under this retirement program. Additionally, and also effective on December 31, 2013, certain post-retirement medical and life insurance benefits will be terminated. As a result of these actions, the Company recorded pre-tax pension and post-retirement benefit gains of $107.6 for the twelve months ended September 30, 2013. The collective gain resulting from these actions was reported on a separate line in the Consolidated Statements of Earnings and Comprehensive Income. See Note 9 of the Notes to Consolidated Financial Statements. | |||||||||||||
For the fiscal year ended September 30, 2012, our prior Household Products restructuring activities generated pre-tax income of $6.8, which was driven by the gain on the sale of our former battery manufacturing facility in Switzerland. This plant was closed in fiscal 2011. This gain was partially offset by $6.0 of additional restructuring costs in fiscal 2012. These costs, net of the gain on the sale of the former manufacturing facility in fiscal 2012, are included as a separate line item on the Consolidated Statements of Earnings and Comprehensive Income. For the fiscal year ended September 30, 2011, the prior Household Products Restructuring initiatives resulted in pre-tax expense of $79.0, which was also recorded as a separate line item on the Consolidated Statements of Earnings and Comprehensive Income. See Note 3 of the Notes to Consolidated Financial Statements. | |||||||||||||
In fiscal 2013 and fiscal 2011, the Company recorded expense of $6.3 and $1.8, respectively, related to the devaluation of Venezuelan Bolivar Fuerte to the U.S. dollar. These impacts, which are included in Other financing items, net on the Consolidated Statements of Earnings and Comprehensive Income, are not considered in the evaluation of segment profit. However, normal operating results in Venezuela, such as sales, gross profit and spending remain part of reported segment totals. See Note 4 of the Notes to Consolidated Financial Statements. | |||||||||||||
In fiscal 2011, the Company completed the issuance of $600.0 principal amount of 4.70% Senior Notes due May 2021, with interest paid semi-annually beginning November, 2011. The vast majority of the proceeds of the offering were used to repay existing indebtedness including the early redemption of certain private placement notes. The early retirement of the certain private placement notes resulted in the payment of "make whole" premiums totaling $19.9, pre-tax, which are reflected as a separate line item in the Consolidated Statement of Earnings as well as the reconciliation of segment results to total earnings before income taxes included in this footnote. See Note 11 of the Notes to Consolidated Financial Statements. | |||||||||||||
The presentation for inventory write-up, which was $7 in fiscal 2011 related to the write-up and subsequent sale of inventory acquired in the ASR transaction, acquisition transaction and integration costs, and substantially all restructuring and realignment costs, reflects management's view on how it evaluates segment performance. | |||||||||||||
Corporate assets shown in the following table include all cash and cash equivalents, financial instruments and deferred tax assets that are managed outside of operating segments. | |||||||||||||
The following table provides segment information for the years ended or at September 30 for the periods presented: | |||||||||||||
Net Sales | 2013 | 2012 | 2011 | ||||||||||
Personal Care | $ | 2,448.90 | $ | 2,479.50 | $ | 2,449.70 | |||||||
Household Products | 2,017.10 | 2,087.70 | 2,196.00 | ||||||||||
Total net sales | $ | 4,466.00 | $ | 4,567.20 | $ | 4,645.70 | |||||||
2013 | 2012 | 2011 | |||||||||||
Personal Care | $ | 475.2 | $ | 470.7 | $ | 408.4 | |||||||
Household Products | 440.6 | 400.2 | 410.6 | ||||||||||
Total segment profit | 915.8 | 870.9 | 819 | ||||||||||
General corporate and other expenses | (141.5 | ) | (151.7 | ) | (119.9 | ) | |||||||
2013 restructuring (1) | (150.6 | ) | (7.3 | ) | — | ||||||||
Net pension/post-retirement gains | 107.6 | — | — | ||||||||||
Prior restructuring | — | 6.8 | (79.0 | ) | |||||||||
Acquisition inventory valuation | — | — | (7.0 | ) | |||||||||
ASR integration/transaction costs | (2.5 | ) | (8.4 | ) | (13.5 | ) | |||||||
Amortization of intangibles | (20.1 | ) | (22.7 | ) | (21.3 | ) | |||||||
Venezuela devaluation/other impacts | (6.3 | ) | — | (1.8 | ) | ||||||||
Cost of early debt retirements | — | — | (19.9 | ) | |||||||||
Interest and other financing items | (134.5 | ) | (122.2 | ) | (150.6 | ) | |||||||
Total earnings before income taxes | $ | 567.9 | $ | 565.4 | $ | 406 | |||||||
Depreciation and Amortization | |||||||||||||
Personal Care | $ | 72.7 | $ | 82 | $ | 78.9 | |||||||
Household Products | 53.3 | 54.7 | 63.5 | ||||||||||
Total segment depreciation and amortization | 126 | 136.7 | 142.4 | ||||||||||
Corporate | 61.4 | 25.5 | 38.9 | ||||||||||
Total depreciation and amortization | $ | 187.4 | $ | 162.2 | $ | 181.3 | |||||||
Total Assets | |||||||||||||
Personal Care | $ | 1,208.30 | $ | 1,278.40 | |||||||||
Household Products | 1,033.00 | 1,134.40 | |||||||||||
Total segment assets | 2,241.30 | 2,412.80 | |||||||||||
Corporate | 1,164.80 | 995.2 | |||||||||||
Goodwill and other intangible assets, net | 3,311.30 | 3,323.20 | |||||||||||
Total assets | $ | 6,717.40 | $ | 6,731.20 | |||||||||
Capital Expenditures | |||||||||||||
Personal Care | $ | 54.3 | $ | 58.3 | $ | 61 | |||||||
Household Products | 17.8 | 38.1 | 36.6 | ||||||||||
Total segment capital expenditures | 72.1 | 96.4 | 97.6 | ||||||||||
Corporate | 18.5 | 14.6 | 0.4 | ||||||||||
Total capital expenditures | $ | 90.6 | $ | 111 | $ | 98 | |||||||
(1) Includes pre-tax costs $5.2, for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statements of Earnings and Comprehensive Income. Additionally, this includes pre-tax costs of $6.1 for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in Cost of products sold on the Consolidated Statements of Earnings and Comprehensive Income. | |||||||||||||
Geographic segment information on a legal entity basis for the years ended September 30: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net Sales to Customers | |||||||||||||
United States | $ | 2,257.50 | $ | 2,355.00 | $ | 2,341.90 | |||||||
International | 2,208.50 | 2,212.20 | 2,303.80 | ||||||||||
Total net sales | $ | 4,466.00 | $ | 4,567.20 | $ | 4,645.70 | |||||||
Long-Lived Assets | |||||||||||||
United States | $ | 503.5 | $ | 581.1 | |||||||||
Germany | 79.4 | 81.5 | |||||||||||
Singapore | 86.9 | 89.8 | |||||||||||
Other International | 167.9 | 133 | |||||||||||
Total long-lived assets excluding goodwill and intangibles | $ | 837.7 | $ | 885.4 | |||||||||
The Company’s international net sales are derived from customers in numerous countries, with sales to customers in Canada representing 5.2% of the Company's total net sales in fiscal 2013, and 5.3% in 2012 and 2011, respectively. Net sales to customers in all other individual foreign countries represented less than 5% of the Company’s total net sales for each of the three years presented. | |||||||||||||
Supplemental product information is presented below for net sales for the years ended September 30: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net Sales | |||||||||||||
Wet Shave | $ | 1,619.00 | $ | 1,644.20 | $ | 1,598.10 | |||||||
Alkaline batteries | 1,245.90 | 1,263.40 | 1,311.70 | ||||||||||
Other batteries and lighting products | 771.2 | 824.3 | 884.3 | ||||||||||
Skin Care | 429 | 430.2 | 425.6 | ||||||||||
Feminine Care | 177.1 | 178.3 | 187.2 | ||||||||||
Infant Care | 169.2 | 180.3 | 198 | ||||||||||
Other personal care products | 54.6 | 46.5 | 40.8 | ||||||||||
Total net sales | $ | 4,466.00 | $ | 4,567.20 | $ | 4,645.70 | |||||||
Quarterly_Financial_Informatio
Quarterly Financial Information | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||
Quarterly Financial Information – (Unaudited) | |||||||||||||||||
The results of any single quarter are not necessarily indicative of the Company’s results for the full year. Net earnings of the Company are impacted in the first quarter by the additional battery product sales volume associated with the December holiday season. Data are computed independently for each of the periods presented. As a result, the sum of the amounts for the quarter may not equal the total for the year. | |||||||||||||||||
Fiscal 2013 | First | Second | Third | Fourth | |||||||||||||
Net sales | $ | 1,192.50 | $ | 1,095.90 | $ | 1,111.50 | $ | 1,066.10 | |||||||||
Gross profit | 561.6 | 530.7 | 510.4 | 501.6 | |||||||||||||
Net earnings | 129.8 | 84.9 | 87.2 | 105.1 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 2.1 | $ | 1.37 | $ | 1.4 | $ | 1.69 | |||||||||
Diluted | $ | 2.07 | $ | 1.35 | $ | 1.38 | $ | 1.66 | |||||||||
Items increasing/(decreasing) net earnings: | |||||||||||||||||
2013 restructuring (1) | $ | (30.7 | ) | $ | (24.8 | ) | $ | (19.1 | ) | $ | (23.3 | ) | |||||
Net pension/post-retirement gains | 23.5 | — | — | 44 | |||||||||||||
ASR integration/transaction costs | (0.6 | ) | (0.4 | ) | (0.1 | ) | (0.5 | ) | |||||||||
Other realignment/integration | (0.1 | ) | (0.2 | ) | 0.1 | (0.8 | ) | ||||||||||
Venezuela devaluation/other impacts | 0.4 | (6.3 | ) | (0.2 | ) | (0.2 | ) | ||||||||||
Adjustments to valuation allowances and prior years tax accruals | — | 3 | 7.2 | (1.9 | ) | ||||||||||||
Fiscal 2012 | First | Second | Third | Fourth | |||||||||||||
Net sales | $ | 1,198.10 | $ | 1,101.80 | $ | 1,124.10 | $ | 1,143.20 | |||||||||
Gross profit | 564.5 | 517.2 | 528.8 | 527.4 | |||||||||||||
Net earnings | 143.8 | 77.9 | 70.2 | 117 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 2.17 | $ | 1.19 | $ | 1.08 | $ | 1.86 | |||||||||
Diluted | $ | 2.15 | $ | 1.17 | $ | 1.06 | $ | 1.84 | |||||||||
Items increasing/(decreasing) net earnings: | |||||||||||||||||
2013 restructuring | $ | — | $ | — | $ | — | $ | (4.6 | ) | ||||||||
Prior restructuring | 7.6 | (1.2 | ) | (0.4 | ) | (0.3 | ) | ||||||||||
ASR integration/transaction costs | (0.9 | ) | (1.5 | ) | (1.5 | ) | (1.3 | ) | |||||||||
Other realignment/integration | — | (0.2 | ) | (0.2 | ) | (0.1 | ) | ||||||||||
Early termination of interest rate swap | — | — | (1.1 | ) | — | ||||||||||||
Litigation provision | — | — | (8.5 | ) | 8.5 | ||||||||||||
Adjustments to valuation allowances and prior years tax accruals | — | — | 4.2 | 2.8 | |||||||||||||
(1) Includes net of tax costs of $3.4 for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statement of Earnings and Comprehensive Income. Additionally, this includes net of tax costs of $3.8, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in cost of products sold on the Consolidated Statement of Earnings and Comprehensive Income. |
Guarantor_and_NonGuarantor_Fin
Guarantor and Non-Guarantor Financial Information | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Guarantor and Non-Guarantor Financial Information [Abstract] | ' | |||||||||||||||
Guarantor and Non-Guarantor Financial Information [Text Block] | ' | |||||||||||||||
Guarantor and Non-Guarantor Financial Information | ||||||||||||||||
On May 19, 2011, the Company issued a total of $600.0 of 4.70% senior notes due in May 2021 with interest payable semi-annually beginning November 2011. On May 24, 2012, the Company issued an additional $500.0 of senior notes with interest payable semi-annually in May and November at an annual fixed interest rate of 4.70%, maturing in May 2022. | ||||||||||||||||
The notes issued in May 2011 and May 2012 (collectively the "Notes") are fully and unconditionally guaranteed on a joint and several basis by the Company's existing and future direct and indirect domestic subsidiaries that are guarantors of any of the Company's credit agreements or other indebtedness for borrowed money (the “Guarantors”). The Guarantors are 100% owned either directly or indirectly by the Company and jointly and severally guarantee the Company's obligations under the Notes and substantially all of the Company's other outstanding indebtedness. The Company's subsidiaries organized outside of the U.S. and certain domestic subsidiaries, which are not guarantors of any of the Company's other indebtedness, (collectively, the “Non-Guarantors”) do not guarantee the Notes. The subsidiary guarantee with respect to the Notes is subject to release upon sale of all of the capital stock of the Subsidiary Guarantor; if the guarantee under our credit agreements and other indebtedness for borrowed money is released or discharged (other than due to payment under such guarantee); or when the requirements for legal defeasance are satisfied or the obligations are discharged in accordance with the indenture. | ||||||||||||||||
Set forth below are the condensed consolidating financial statements presenting the results of operations, financial position and cash flows of the Parent Company (Energizer Holdings, Inc.), the Guarantors on a combined basis, the Non-Guarantors on a combined basis and eliminations necessary to arrive at the information for the Company as reported, on a consolidated basis. Eliminations represent adjustments to eliminate investments in subsidiaries and intercompany balances and transactions between or among the Parent Company, the Guarantor and the Non-Guarantor subsidiaries. | ||||||||||||||||
Consolidating Statements of Earnings (Condensed) | ||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net sales | $ | — | $ | 2,667.10 | $ | 2,367.80 | $ | (568.9 | ) | $ | 4,466.00 | |||||
Cost of products sold | — | 1,585.70 | 1,345.20 | (569.2 | ) | 2,361.70 | ||||||||||
Gross profit | — | 1,081.40 | 1,022.60 | 0.3 | 2,104.30 | |||||||||||
Selling, general and administrative expense | — | 405.9 | 419.1 | — | 825 | |||||||||||
Advertising and sales promotion expense | — | 237.9 | 203.1 | (1.1 | ) | 439.9 | ||||||||||
Research and development expense | — | 98.8 | 0.2 | — | 99 | |||||||||||
2013 restructuring | — | 107.9 | 31.4 | — | 139.3 | |||||||||||
Net pension/post-retirement gains | — | (107.6 | ) | — | — | (107.6 | ) | |||||||||
Interest expense/(income) | 124.7 | (0.3 | ) | 6.1 | — | 130.5 | ||||||||||
Intercompany interest (income)/expense | (122.6 | ) | 122.6 | — | — | — | ||||||||||
Other financing items, net | — | 3 | 7.3 | — | 10.3 | |||||||||||
Intercompany service fees | — | 14.1 | (14.1 | ) | — | — | ||||||||||
Equity in earnings of subsidiaries | (409.8 | ) | (276.4 | ) | — | 686.2 | — | |||||||||
Earnings before income taxes | 407.7 | 475.5 | 369.5 | (684.8 | ) | 567.9 | ||||||||||
Income taxes | 0.7 | 81.2 | 77.6 | 1.4 | 160.9 | |||||||||||
Net earnings | $ | 407 | $ | 394.3 | $ | 291.9 | $ | (686.2 | ) | $ | 407 | |||||
Statement of Comprehensive Income: | ||||||||||||||||
Net earnings | $ | 407 | $ | 394.3 | $ | 291.9 | $ | (686.2 | ) | $ | 407 | |||||
Other comprehensive income, net of tax | $ | 44.9 | $ | 27.2 | $ | 16.4 | $ | (43.6 | ) | $ | 44.9 | |||||
Total comprehensive income | $ | 451.9 | $ | 421.5 | $ | 308.3 | $ | (729.8 | ) | $ | 451.9 | |||||
Consolidating Statements of Earnings (Condensed) | ||||||||||||||||
Year Ended September 30, 2012 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net sales | $ | — | $ | 2,773.50 | $ | 2,433.30 | $ | (639.6 | ) | $ | 4,567.20 | |||||
Cost of products sold | — | 1,691.90 | 1,373.80 | (636.4 | ) | 2,429.30 | ||||||||||
Gross profit | — | 1,081.60 | 1,059.50 | (3.2 | ) | 2,137.90 | ||||||||||
Selling, general and administrative expense | 0.2 | 444.9 | 442.7 | — | 887.8 | |||||||||||
Advertising and sales promotion expense | — | 249.9 | 200.7 | (1.1 | ) | 449.5 | ||||||||||
Research and development expense | — | 112.3 | 0.2 | — | 112.5 | |||||||||||
2013 restructuring | — | 7.3 | — | — | 7.3 | |||||||||||
Prior restructuring | — | 0.4 | (7.2 | ) | — | (6.8 | ) | |||||||||
Interest expense/(income) | 122.6 | (0.5 | ) | 5.2 | — | 127.3 | ||||||||||
Intercompany interest (income)/expense | (119.5 | ) | 118.7 | 0.8 | — | — | ||||||||||
Other financing items, net | — | (0.5 | ) | (4.5 | ) | (0.1 | ) | (5.1 | ) | |||||||
Intercompany service fees | — | 12.8 | (12.8 | ) | — | — | ||||||||||
Equity in earnings of subsidiaries | (414.3 | ) | (315.1 | ) | — | 729.4 | — | |||||||||
Earnings before income taxes | 411 | 451.4 | 434.4 | (731.4 | ) | 565.4 | ||||||||||
Income taxes | 2.1 | 60.2 | 96.2 | (2.0 | ) | 156.5 | ||||||||||
Net earnings | $ | 408.9 | $ | 391.2 | $ | 338.2 | $ | (729.4 | ) | $ | 408.9 | |||||
Statement of Comprehensive Income: | ||||||||||||||||
Net earnings | $ | 408.9 | $ | 391.2 | $ | 338.2 | $ | (729.4 | ) | $ | 408.9 | |||||
Other comprehensive loss, net of tax | $ | (37.1 | ) | $ | (23.5 | ) | $ | (28.0 | ) | $ | 51.5 | $ | (37.1 | ) | ||
Total comprehensive income | $ | 371.8 | $ | 367.7 | $ | 310.2 | $ | (677.9 | ) | $ | 371.8 | |||||
Consolidating Statements of Earnings (Condensed) | ||||||||||||||||
Year Ended September 30, 2011 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net sales | $ | — | $ | 2,775.20 | $ | 2,444.50 | $ | (574.0 | ) | $ | 4,645.70 | |||||
Cost of products sold | — | 1,658.40 | 1,418.40 | (576.8 | ) | 2,500.00 | ||||||||||
Gross profit | — | 1,116.80 | 1,026.10 | 2.8 | 2,145.70 | |||||||||||
Selling, general and administrative expense | — | 420.4 | 435.7 | — | 856.1 | |||||||||||
Advertising and sales promotion expense | — | 285.9 | 240.8 | (2.7 | ) | 524 | ||||||||||
Research and development expense | — | 108.2 | 0.1 | — | 108.3 | |||||||||||
Prior restructuring | — | 3 | 76 | — | 79 | |||||||||||
Interest expense/(income) | 137.1 | (2.4 | ) | 6.6 | — | 141.3 | ||||||||||
Intercompany interest (income)/expense | (134.5 | ) | 133.7 | 0.8 | — | — | ||||||||||
Other financing items, net | — | 2 | 29 | — | 31 | |||||||||||
Intercompany service fees | — | 10.6 | (10.6 | ) | — | — | ||||||||||
Equity in earnings of subsidiaries | (271.2 | ) | (153.6 | ) | — | 424.8 | — | |||||||||
Earnings before income taxes | 268.6 | 309 | 247.7 | (419.3 | ) | 406 | ||||||||||
Income taxes | 7.4 | 64.6 | 71.1 | 1.7 | 144.8 | |||||||||||
Net earnings | $ | 261.2 | $ | 244.4 | $ | 176.6 | $ | (421.0 | ) | $ | 261.2 | |||||
Statement of Comprehensive Income: | ||||||||||||||||
Net earnings | $ | 261.2 | $ | 244.4 | $ | 176.6 | $ | (421.0 | ) | $ | 261.2 | |||||
Other comprehensive (loss)/income, net of tax | $ | (23.4 | ) | $ | (20.9 | ) | $ | 28.3 | $ | (7.4 | ) | $ | (23.4 | ) | ||
Total comprehensive income | $ | 237.8 | $ | 223.5 | $ | 204.9 | $ | (428.4 | ) | $ | 237.8 | |||||
Consolidating Balance Sheets (Condensed) | ||||||||||||||||
September 30, 2013 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Assets | ||||||||||||||||
Current Assets | ||||||||||||||||
Cash and cash equivalents | $ | 8 | $ | 8.4 | $ | 981.9 | $ | — | $ | 998.3 | ||||||
Trade receivables, net (a) | — | 11.8 | 468.8 | — | 480.6 | |||||||||||
Inventories | — | 334.7 | 312.7 | (31.1 | ) | 616.3 | ||||||||||
Other current assets | 23.5 | 270.5 | 194.7 | (15.5 | ) | 473.2 | ||||||||||
Total current assets | 31.5 | 625.4 | 1,958.10 | (46.6 | ) | 2,568.40 | ||||||||||
Investment in subsidiaries | 7,007.50 | 1,920.70 | — | (8,928.2 | ) | — | ||||||||||
Intercompany receivables, net (b) | — | 4,258.80 | 260.1 | (4,518.9 | ) | — | ||||||||||
Intercompany notes receivable (b) | 2,180.30 | 4.5 | — | (2,184.8 | ) | — | ||||||||||
Property, plant and equipment, net | — | 474.7 | 280.9 | — | 755.6 | |||||||||||
Goodwill | — | 1,104.90 | 370.9 | — | 1,475.80 | |||||||||||
Other intangible assets, net | — | 1,629.50 | 206 | — | 1,835.50 | |||||||||||
Other noncurrent assets | 10.2 | 13.4 | 58.5 | — | 82.1 | |||||||||||
Total assets | 9,229.50 | 10,031.90 | 3,134.50 | (15,678.5 | ) | 6,717.40 | ||||||||||
Current liabilities | 184.4 | 421.3 | 572.5 | (24.8 | ) | 1,153.40 | ||||||||||
Intercompany payables, net (b) | 4,518.90 | — | — | (4,518.9 | ) | — | ||||||||||
Intercompany notes payable (b) | — | 2,180.30 | 4.5 | (2,184.8 | ) | — | ||||||||||
Long-term debt | 1,998.80 | — | — | — | 1,998.80 | |||||||||||
Other noncurrent liabilities | 73.8 | 839.6 | 198.2 | — | 1,111.60 | |||||||||||
Total liabilities | 6,775.90 | 3,441.20 | 775.2 | (6,728.5 | ) | 4,263.80 | ||||||||||
Total shareholders' equity | 2,453.60 | 6,590.70 | 2,359.30 | (8,950.0 | ) | 2,453.60 | ||||||||||
Total liabilities and shareholders' equity | $ | 9,229.50 | $ | 10,031.90 | $ | 3,134.50 | $ | (15,678.5 | ) | $ | 6,717.40 | |||||
(a) Trade receivables, net for the Non-Guarantors includes approximately $221.4 at September 30, 2013 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | ||||||||||||||||
(b) Intercompany activity includes notes that bear interest due from the Guarantors to the Parent Company. Interest rates on these notes approximate the interest rates paid by the Parent on third party debt. Additionally, other intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the parent and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business. | ||||||||||||||||
Consolidating Balance Sheets (Condensed) | ||||||||||||||||
September 30, 2012 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Assets | ||||||||||||||||
Current Assets | ||||||||||||||||
Cash and cash equivalents | $ | 4 | $ | 9.2 | $ | 705.3 | $ | — | $ | 718.5 | ||||||
Trade receivables, net (a) (c) | — | 4.1 | 672.6 | — | 676.7 | |||||||||||
Inventories | — | 341.4 | 362.1 | (31.1 | ) | 672.4 | ||||||||||
Other current assets (c) | 0.4 | 210.8 | 232.9 | 10.9 | 455 | |||||||||||
Total current assets | 4.4 | 565.5 | 1,972.90 | (20.2 | ) | 2,522.60 | ||||||||||
Investment in subsidiaries | 6,552.50 | 1,760.80 | — | (8,313.3 | ) | — | ||||||||||
Intercompany receivables, net (b) | — | 4,249.90 | 168.6 | (4,418.5 | ) | — | ||||||||||
Intercompany notes receivable (b) | 2,413.30 | 22.4 | 11 | (2,446.7 | ) | — | ||||||||||
Property, plant and equipment, net | — | 553.1 | 295.4 | — | 848.5 | |||||||||||
Goodwill | — | 1,104.90 | 364.6 | — | 1,469.50 | |||||||||||
Other intangible assets, net | — | 1,646.80 | 206.9 | — | 1,853.70 | |||||||||||
Other noncurrent assets | 12.4 | 9.7 | 14.8 | — | 36.9 | |||||||||||
Total assets | 8,982.60 | 9,913.10 | 3,034.20 | (15,198.7 | ) | 6,731.20 | ||||||||||
Current liabilities (c) | 300 | 372.2 | 635.2 | 0.1 | 1,307.50 | |||||||||||
Intercompany payables, net (b) | 4,418.50 | — | — | (4,418.5 | ) | — | ||||||||||
Intercompany notes payable (b) | — | 2,424.30 | 22.4 | (2,446.7 | ) | — | ||||||||||
Long-term debt | 2,138.60 | — | — | — | 2,138.60 | |||||||||||
Other noncurrent liabilities | 56 | 954.7 | 204.9 | — | 1,215.60 | |||||||||||
Total liabilities | 6,913.10 | 3,751.20 | 862.5 | (6,865.1 | ) | 4,661.70 | ||||||||||
Total shareholders' equity | 2,069.50 | 6,161.90 | 2,171.70 | (8,333.6 | ) | 2,069.50 | ||||||||||
Total liabilities and shareholders' equity | $ | 8,982.60 | $ | 9,913.10 | $ | 3,034.20 | $ | (15,198.7 | ) | $ | 6,731.20 | |||||
(a) Trade receivables, net for the Non-Guarantors includes approximately $369.1 at September 30, 2012 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | ||||||||||||||||
(b) Intercompany activity includes notes that bear interest due from the Guarantors to the Parent Company. Interest rates on these notes approximate the interest rates paid by the Parent on third party debt. Additionally, other intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the parent and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business. | ||||||||||||||||
Consolidating Statements of Cash Flows (Condensed) | ||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net cash flow (used by)/from operating activities | $ | (14.3 | ) | $ | 317.1 | $ | 569.7 | $ | (122.5 | ) | $ | 750 | ||||
Cash Flow from Investing Activities | ||||||||||||||||
Capital expenditures | — | (53.9 | ) | (36.7 | ) | — | (90.6 | ) | ||||||||
Proceeds from sale of assets | — | — | 1.8 | — | 1.8 | |||||||||||
Proceeds from intercompany notes | 231.5 | 17.6 | 11 | (260.1 | ) | — | ||||||||||
Intercompany receivable/payable, net | — | (100.4 | ) | (62.0 | ) | 162.4 | — | |||||||||
Payment for equity contributions | — | (0.5 | ) | — | 0.5 | — | ||||||||||
Other, net | — | — | (0.3 | ) | — | (0.3 | ) | |||||||||
Net cash from/(used by) investing activities | 231.5 | (137.2 | ) | (86.2 | ) | (97.2 | ) | (89.1 | ) | |||||||
Cash Flow from Financing Activities | ||||||||||||||||
Cash payments on debt with original maturities | (231.5 | ) | — | — | — | (231.5 | ) | |||||||||
greater than 90 days | ||||||||||||||||
Net decrease in debt with original | — | (0.2 | ) | (63.7 | ) | — | (63.9 | ) | ||||||||
maturity days of 90 or less | ||||||||||||||||
Payments for intercompany notes | — | (242.5 | ) | (17.6 | ) | 260.1 | — | |||||||||
Proceeds from issuance of common stock | 18.2 | — | — | — | 18.2 | |||||||||||
Excess tax benefits from share-based payments | 5.3 | — | — | — | 5.3 | |||||||||||
Cash dividends paid | (105.6 | ) | — | — | — | (105.6 | ) | |||||||||
Intercompany receivable/payable, net | 100.4 | 62 | — | (162.4 | ) | — | ||||||||||
Proceeds for equity contribution | — | — | 0.5 | (0.5 | ) | — | ||||||||||
Payments for intercompany equity distributions | — | — | (122.5 | ) | 122.5 | — | ||||||||||
Net cash (used by)/from financing activities | (213.2 | ) | (180.7 | ) | (203.3 | ) | 219.7 | (377.5 | ) | |||||||
Effect of exchange rate changes on cash | — | — | (3.6 | ) | — | (3.6 | ) | |||||||||
Net increase/(decrease) in cash and cash equivalents | 4 | (0.8 | ) | 276.6 | — | 279.8 | ||||||||||
Cash and cash equivalents, beginning of period | 4 | 9.2 | 705.3 | — | 718.5 | |||||||||||
Cash and cash equivalents, end of period | $ | 8 | $ | 8.4 | $ | 981.9 | $ | — | $ | 998.3 | ||||||
Consolidating Statements of Cash Flows (Condensed) | ||||||||||||||||
Year Ended September 30, 2012 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net cash flow from/(used by) operating activities | $ | 87.4 | $ | 275.9 | $ | 327.4 | $ | (59.1 | ) | $ | 631.6 | |||||
Cash Flow from/(used by) Investing Activities | ||||||||||||||||
Capital expenditures | — | (73.4 | ) | (37.6 | ) | — | (111.0 | ) | ||||||||
Proceeds from sale of assets | — | 2 | 17.3 | — | 19.3 | |||||||||||
Proceeds from intercompany notes | 441 | 2.8 | — | (443.8 | ) | — | ||||||||||
Payments for intercompany notes | (498.6 | ) | — | (5.0 | ) | 503.6 | — | |||||||||
Intercompany receivable/payable, net | — | (358.4 | ) | (105.0 | ) | 463.4 | — | |||||||||
Proceeds from return of capital | — | 0.7 | — | (0.7 | ) | — | ||||||||||
Payment for equity contributions | — | (3.1 | ) | — | 3.1 | — | ||||||||||
Other, net | — | (1.1 | ) | (2.1 | ) | — | (3.2 | ) | ||||||||
Net cash (used by)/from investing activities | (57.6 | ) | (430.5 | ) | (132.4 | ) | 525.6 | (94.9 | ) | |||||||
Cash Flow from Financing Activities | ||||||||||||||||
Cash proceeds from issuance of debt with | 498.6 | — | — | — | 498.6 | |||||||||||
original maturities greater than 90 days | ||||||||||||||||
Cash payments on debt with original maturities | (441.0 | ) | — | — | — | (441.0 | ) | |||||||||
greater than 90 days | ||||||||||||||||
Payment of debt issue cost | (4.3 | ) | — | — | — | (4.3 | ) | |||||||||
Net (decrease)/increase in debt with original | — | (8.1 | ) | 109 | — | 100.9 | ||||||||||
maturity days of 90 or less | ||||||||||||||||
Proceeds from intercompany notes | — | 503.6 | — | (503.6 | ) | — | ||||||||||
Payments for intercompany notes | — | (441.0 | ) | (2.8 | ) | 443.8 | — | |||||||||
Common stock purchased | (417.8 | ) | — | — | — | (417.8 | ) | |||||||||
Proceeds from issuance of common stock | 3 | — | — | — | 3 | |||||||||||
Excess tax benefits from share-based payments | 2.2 | — | — | — | 2.2 | |||||||||||
Dividends paid | (24.9 | ) | — | — | — | (24.9 | ) | |||||||||
Intercompany receivable/payable, net | 358.4 | 105 | — | (463.4 | ) | — | ||||||||||
Proceeds for equity contribution | — | — | 3.1 | (3.1 | ) | — | ||||||||||
Capital contribution | — | — | (0.7 | ) | 0.7 | — | ||||||||||
Payments for intercompany equity distributions | — | — | (59.1 | ) | 59.1 | — | ||||||||||
Net cash (used by)/from financing activities | (25.8 | ) | 159.5 | 49.5 | (466.5 | ) | (283.3 | ) | ||||||||
Effect of exchange rate changes on cash | — | — | (6.1 | ) | — | (6.1 | ) | |||||||||
Net increase in cash and cash equivalents | 4 | 4.9 | 238.4 | — | 247.3 | |||||||||||
Cash and cash equivalents, beginning of period | — | 4.3 | 466.9 | — | 471.2 | |||||||||||
Cash and cash equivalents, end of period | $ | 4 | $ | 9.2 | $ | 705.3 | $ | — | $ | 718.5 | ||||||
Consolidating Statements of Cash Flows (Condensed) | ||||||||||||||||
Year Ended September 30, 2011 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net cash flow from/(used by) operating activities | $ | 5.5 | $ | 298.3 | $ | 232.8 | $ | (124.1 | ) | $ | 412.5 | |||||
Cash Flow from/(used by) Investing Activities | ||||||||||||||||
Capital expenditures | — | (55.4 | ) | (42.6 | ) | — | (98.0 | ) | ||||||||
Proceeds from sale of assets | — | 5 | 2.6 | — | 7.6 | |||||||||||
Acquisitions, net of cash acquired | (301.0 | ) | 11.1 | 22.8 | — | (267.1 | ) | |||||||||
Proceeds for intercompany notes | 576 | 38 | — | (614.0 | ) | — | ||||||||||
Payments for intercompany notes | (600.0 | ) | — | — | 600 | — | ||||||||||
Intercompany receivable/payable, net | — | (355.7 | ) | (35.0 | ) | 390.7 | — | |||||||||
Proceeds from return of capital | — | 4 | — | (4.0 | ) | — | ||||||||||
Payment for equity contributions | — | (12.8 | ) | — | 12.8 | — | ||||||||||
Other, net | — | (4.8 | ) | (1.2 | ) | — | (6.0 | ) | ||||||||
Net cash (used by)/from investing activities | (325.0 | ) | (370.6 | ) | (53.4 | ) | 385.5 | (363.5 | ) | |||||||
Cash Flow from Financing Activities | ||||||||||||||||
Cash proceeds from issuance of debt with | 600 | — | — | — | 600 | |||||||||||
original maturities greater than 90 days | ||||||||||||||||
Cash payments on debt with original maturities | (576.0 | ) | — | — | — | (576.0 | ) | |||||||||
greater than 90 days | ||||||||||||||||
Payment of debt issue cost | (7.6 | ) | — | — | — | (7.6 | ) | |||||||||
Net decrease in debt with original maturity | — | 15.1 | 30.6 | — | 45.7 | |||||||||||
days of 90 or less | ||||||||||||||||
Proceeds from intercompany notes | — | 600 | — | (600.0 | ) | — | ||||||||||
Payments for intercompany notes | — | (576.0 | ) | (38.0 | ) | 614 | — | |||||||||
Common stock purchased | (276.0 | ) | — | — | — | (276.0 | ) | |||||||||
Proceeds from issuance of common stock | 8.2 | — | — | — | 8.2 | |||||||||||
Excess tax benefits from share-based payments | 3.7 | — | — | — | 3.7 | |||||||||||
Intercompany receivable/payable, net | 355.7 | 35 | — | (390.7 | ) | — | ||||||||||
Proceeds for equity contribution | — | — | 12.8 | (12.8 | ) | — | ||||||||||
Capital contribution | — | — | (4.0 | ) | 4 | — | ||||||||||
Payments for intercompany equity distributions | — | — | (124.1 | ) | 124.1 | — | ||||||||||
Net cash from/(used by) financing activities | 108 | 74.1 | (122.7 | ) | (261.4 | ) | (202.0 | ) | ||||||||
Effect of exchange rate changes on cash | — | — | (5.5 | ) | — | (5.5 | ) | |||||||||
Net (decrease)/increase in cash and cash | (211.5 | ) | 1.8 | 51.2 | — | (158.5 | ) | |||||||||
equivalents | ||||||||||||||||
Cash and cash equivalents, beginning of period | 211.5 | 2.5 | 415.7 | — | 629.7 | |||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 4.3 | $ | 466.9 | $ | — | $ | 471.2 | ||||||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Subsequent Events | |
Acquisition of Feminine Care Brands | |
In October 2013, which is the first fiscal quarter of 2014, the Company acquired the Stayfree pad, Carefree liner and o.b. tampon feminine care brands in the U.S., Canada and the Caribbean from members of the Johnson & Johnson Family of Consumer Companies for an aggregate purchase price of $185 in cash. The acquisition was financed primarily with approximately $135 of available foreign cash for the estimated value of assets acquired in Canada including the Johnson & Johnson, Inc. manufacturing plant in Montreal, Canada, and approximately $50 of cash, primarily from borrowings under the Company's available debt facilities for the estimated value of assets acquired in the U.S. Liabilities assumed as a result of the acquisition are limited primarily to certain employee benefit obligations and are not expected to be material. | |
Forward looking estimates included in the Notes to Consolidated Financial Statements including, but not limited to, future estimates of intangible amortization, pension contributions, and lease payments do not include the impact of these recently acquired brands. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' |
Foreign Currency Translation - Financial statements of foreign operations where the local currency is the functional currency are translated using end-of-period exchange rates for assets and liabilities, and average exchange rates during the period for results of operations. Related translation adjustments are reported as a component within accumulated other comprehensive income in the shareholders’ equity section of the Consolidated Balance Sheets, except as noted below. | |
For foreign operations that are considered highly inflationary, translation practices differ in that inventories, properties, accumulated depreciation and depreciation expense are translated at historical rates of exchange, and translation adjustments for monetary assets and liabilities are included in earnings. Gains and losses from foreign currency transactions are included in earnings. | |
Effective January 1, 2010, the financial statements for our Venezuela subsidiary are consolidated under the rules governing the translation of financial information in a highly inflationary economy based on the use of the blended National Consumer Price Index in Venezuela. Under GAAP, an economy is considered highly inflationary if the cumulative inflation rate for a three year period meets or exceeds 100 percent. If a subsidiary is considered to be in a highly inflationary economy, the financial statements of the subsidiary must be re-measured into our reporting currency (U.S. dollar) and future exchange gains and losses from the re-measurement of monetary assets and liabilities are reflected in current earnings, rather than exclusively in the equity section of the balance sheet, until such time as the economy is no longer considered highly inflationary. At September 30, 2013, the Company has net monetary assets in Venezuela of approximately $62. See Note 4 of the Notes to Consolidated Financial Statements. | |
Derivatives, Policy [Policy Text Block] | ' |
Financial Instruments and Derivative Securities - The Company uses financial instruments, from time to time, in the management of foreign currency, interest rate and other risks that are inherent to its business operations. Such instruments are not held or issued for trading purposes. | |
Foreign exchange (F/X) instruments, including currency forwards, are used primarily to reduce cash transaction exposures and, to a lesser extent, to manage other translation exposures. F/X instruments used are selected based on their risk reduction attributes, costs and the related market conditions. The Company has designated certain foreign currency contracts as cash flow hedges for accounting purposes as of September 30, 2013. | |
The Company also holds a derivative instrument contract to mitigate a portion of the risk associated with the change in the market value of its unfunded deferred compensation liabilities, which is tied to change in the market value of the Company's common stock. | |
The Company uses raw materials that are subject to price volatility. The Company may use hedging instruments as it desires to reduce exposure to variability in cash flows associated with future purchases of commodities. In September 2012, the Company discontinued hedge accounting treatment for its then-existing zinc contracts as these contracts no longer met the accounting requirements for classification as cash flow hedges because of an ineffective correlation to the underlying zinc exposure being hedged. There were no outstanding derivative contracts for the future purchases of commodities as of September 30, 2013. | |
Through December 2012, the Company had specific interest rate risk with respect to interest expense on the Company's term loan, which was fully repaid by the end of the first quarter of fiscal 2013. As a result, the then-existing interest rate swap agreement in place to hedge this specific risk was settled on November 30, 2012 for a $0.3 loss. This loss was included in interest expense in the Consolidated Statements of Earnings and Comprehensive Income. At September 30, 2013, the Company had $99.0 of variable rate debt outstanding. | |
For further discussion see Notes 11 and 14 of the Notes to Consolidated Financial Statements. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
Cash Equivalents – Cash equivalents are all considered to be highly liquid investments with a maturity of three months or less when purchased. At September 30, 2013, the Company had $998.3 in available cash, substantially all of which was outside of the U.S. The Company has extensive operations, including a significant manufacturing footprint outside of the U.S. At September 30, 2013, substantially all of the Company's cash is denominated in foreign currencies. We manage our worldwide cash requirements by reviewing available funds among the many subsidiaries through which we conduct our business and the cost effectiveness with which those funds can be accessed. The repatriation of cash balances from certain of our subsidiaries could have adverse tax consequences or be subject to regulatory capital requirements; however, those balances are generally available without legal restrictions to fund ordinary business operations. U.S. income taxes have not been provided on a significant portion of undistributed earnings of international subsidiaries. Our intention is to reinvest these earnings indefinitely. | |
Cash Flow Presentation [Policy Text Block] | ' |
Cash Flow Presentation – The Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flow from operating activities. The reconciliation adjustments include the removal of timing differences between the occurrence of operating receipts and payments and their recognition in net earnings. The adjustments also remove cash flows arising from investing and financing activities, which are presented separately from operating activities. Cash flows from foreign currency transactions and operations are translated at an average exchange rate for the period. Cash flows from hedging activities are included in the same category as the items being hedged, which is primarily operating activities. Cash payments related to income taxes are classified as operating activities. | |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' |
Accounts Receivable Valuation – Accounts receivable are stated at their net realizable value. The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the receivables portfolio determined on the basis of historical experience, specific allowances for known troubled accounts and other currently available information. Bad debt expense is included in Selling, general and administrative expense (SG&A) in the Consolidated Statements of Earnings and Comprehensive Income. | |
Inventory, Policy [Policy Text Block] | ' |
Inventories – Inventories are valued at the lower of cost or market, with cost generally being determined using average cost or the first-in, first-out (FIFO) method. | |
As part of the American Safety Razor (ASR) acquisition in fiscal 2011, the Company recorded an increase in the estimated fair value of inventory acquired of $7.0, to bring the carrying value of the inventory purchased to an amount which approximated the estimated selling price of the finished goods on hand at the acquisition closing date less the sum of (a) costs to sell and distribute and (b) a reasonable profit allowance for these efforts by the acquiring entity. As the inventory was sold during the first and second quarter of fiscal 2011 the adjustments were charged to cost of products sold in those respective periods. | |
Internal Use Software, Policy [Policy Text Block] | ' |
Capitalized Software Costs – Capitalized software costs are included in other assets. These costs are amortized using the straight-line method over periods of related benefit ranging from three to seven years. Expenditures related to capitalized software are included in the Capital expenditures caption in the Consolidated Statements of Cash Flows. Amortization expense was $2.0, $2.7, and $5.2 in fiscal 2013, 2012 and 2011, respectively. | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' |
Property, Plant and Equipment, net – Property, plant and equipment, net is stated at historical costs. Property, plant and equipment acquired as part of a business combination is recorded at estimated fair value. Expenditures for new facilities and expenditures that substantially increase the useful life of property, including interest during construction, are capitalized and reported in the Capital expenditures caption in the Consolidated Statements of Cash Flows. Maintenance, repairs and minor renewals are expensed as incurred. When property is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts, and gains or losses on the disposition are reflected in earnings. Depreciation is generally provided on the straight-line basis by charges to pre-tax earnings at rates based on estimated useful lives. Estimated useful lives range from two to 25 years for machinery and equipment and three to 30 years for buildings and building improvements. Depreciation expense was $164.7 in fiscal 2013, including non-cash asset impairment charges of $19.3 and accelerated depreciation charges of $23.6, collectively $42.9, related primarily to certain manufacturing assets including property, plant and equipment located at the facilities to be closed or streamlined, and $136.7, and $154.5 in fiscal 2012 and 2011, respectively. See Note 3 of the Notes to Consolidated Financial Statements. | |
Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' |
Goodwill and Other Intangible Assets – Goodwill and indefinite-lived intangibles are not amortized, but are evaluated annually for impairment as part of the Company's annual business planning cycle in the fourth fiscal quarter, or when indicators of a potential impairment are present. The estimated fair value of each reporting unit (Household Products and Personal Care) is estimated using valuation models that incorporate assumptions and projections of expected future cash flows and operating plans. Intangible assets with finite lives, and a remaining weighted average life of approximately thirteen years, are amortized on a straight-line basis over expected lives of 5 years to 20 years. Such intangibles are also evaluated for impairment including ongoing monitoring of potential impairment indicators. | |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' |
Impairment of Long-Lived Assets – The Company reviews long-lived assets, other than goodwill and other intangible assets for impairment, when events or changes in business circumstances indicate that the remaining useful life may warrant revision or that the carrying amount of the long-lived asset may not be fully recoverable. The Company performs undiscounted cash flow analysis to determine if impairment exists. If impairment is determined to exist, any related impairment loss is calculated based on estimated fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less cost of disposal. | |
In November 2012, which was the first quarter of fiscal 2013, the Company's Board of Directors authorized an enterprise-wide restructuring plan, which included the closure of certain Company facilities in fiscal 2013 and 2014. The Company recorded non-cash asset impairment charges of $19.3 and accelerated depreciation charges of $23.6 for the twelve months ended September 30, 2013 (collectively $42.9) related primarily to certain manufacturing assets including property, plant and equipment located at the facilities to be closed or streamlined. We do not believe our restructuring plan is likely to result in the impairment of any other material long-lived assets, other than this identified property, plant and equipment. See Note 3 of the Notes to Consolidated Financial Statements. | |
Revenue Recognition, Policy [Policy Text Block] | ' |
Revenue Recognition – The Company's revenue is from the sale of its products. Revenue is recognized when title, ownership and risk of loss pass to the customer. Discounts are offered to customers for early payment and an estimate of the discounts is recorded as a reduction of net sales in the same period as the sale. Our standard sales terms are final and returns or exchanges are not permitted unless a special exception is made; reserves are established and recorded in cases where the right of return does exist for a particular sale. | |
Under certain circumstances, we allow customers to return sun care products that have not been sold by the end of the sun care season, which is normal practice in the sun care industry. We record sales at the time the title, ownership and risk of loss pass to the customer. The terms of these sales vary but, in all instances, the following conditions are met: the sales arrangement is evidenced by purchase orders submitted by customers; the selling price is fixed or determinable; title to the product has transferred; there is an obligation to pay at a specified date without any additional conditions or actions required by the Company; and collectability is reasonably assured. Simultaneous with the sale, we reduce sales and cost of sales, and reserve amounts on our consolidated balance sheet for anticipated returns based upon an estimated return level, in accordance with GAAP. Customers are required to pay for the sun care product purchased during the season under the required terms. We generally receive returns of U.S. sun care products from September through January following the summer sun care season. We estimate the level of sun care returns using a variety of inputs including historical experience, consumption trends during the sun care season and inventory positions at key retailers as the sun care season progresses. We monitor shipment activity and inventory levels at key retailers during the season in an effort to identify potential returns issues. This allows the Company to manage shipment activity to our customers, especially in the latter stages of the sun care season, to reduce the potential for returned product. At September 30, 2013, the Company had a reserve for returns of $49.8. | |
The Company offers a variety of programs, such as consumer coupons and similar consumer rebate programs, primarily to its retail customers, designed to promote sales of its products. Such programs require periodic payments and allowances based on estimated results of specific programs and are recorded as a reduction to net sales. The Company accrues, at the time of sale, the estimated total payments and allowances associated with each transaction. Additionally, the Company offers programs directly to consumers to promote the sale of its products. Promotions which reduce the ultimate consumer sale prices are recorded as a reduction of net sales at the time the promotional offer is made, generally using estimated redemption and participation levels. Taxes we collect on behalf of governmental authorities, which are generally included in the price to the customer, are also recorded as a reduction of net sales. The Company continually assesses the adequacy of accruals for customer and consumer promotional program costs not yet paid. To the extent total program payments differ from estimates, adjustments may be necessary. Historically, these adjustments have not been material. | |
Advertising Costs, Policy [Policy Text Block] | ' |
Advertising and Sales Promotion Costs – The Company advertises and promotes its products through national and regional media and expenses such activities as incurred. | |
Share-based Payments [Policy Text Block] | ' |
Share-Based Payments – The Company grants restricted stock equivalents, which generally vest over three to four years. A portion of the restricted stock equivalents granted provide for the issuance of common stock to certain managerial staff and executive management, if the Company achieves specified performance targets. The estimated fair value of each grant issued is estimated on the date of grant based on the current market price of the stock, as adjusted for the impact to the grant date fair value of the inclusion of a total shareholder return modifier for those performance awards containing such a provision. The total amount of compensation expense recognized reflects the initial assumption that target performance goals will be achieved. Compensation expense may be adjusted during the life of the performance grant based on management’s assessment of the probability that performance targets will be achieved. If such targets are not met or, it is determined that achievement of performance goals is not probable, compensation expense is adjusted to reflect the reduced expected payout level in the period the determination is made. If it is determined that the performance targets will be exceeded, additional compensation expense is recognized. | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' |
Estimated Fair Values of Financial Instruments – Certain financial instruments are required to be recorded at the estimated fair value. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. Other financial instruments including cash and cash equivalents and short-term borrowings, including notes payable, are recorded at cost, which approximates estimated fair value. The estimated fair values of long-term debt and financial instruments are disclosed in Note 14 of the Notes to Consolidated Financial Statements. |
Restructuring_Restructuring_Ta
Restructuring Restructuring (Tables) | 12 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | ' | ||||||||||||||||||
The following table summarizes the 2013 Restructuring activity for the twelve months ended September 30, 2013. | |||||||||||||||||||
Utilized | |||||||||||||||||||
1-Oct-12 | Charge to Income | Other (a) | Cash | Non-Cash | September 30, 2013 | ||||||||||||||
Severance & Termination Related Costs | $ | — | $ | 49.3 | $ | (0.1 | ) | $ | (32.9 | ) | $ | — | $ | 16.3 | |||||
Asset Impairment/Accelerated Depreciation | — | 42.9 | — | — | (42.9 | ) | — | ||||||||||||
Other Costs | 2.8 | 47.1 | — | (45.6 | ) | — | 4.3 | ||||||||||||
Total | $ | 2.8 | $ | 139.3 | $ | (0.1 | ) | $ | (78.5 | ) | $ | (42.9 | ) | $ | 20.6 | ||||
(a) Includes the impact of currency translation. |
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||
The following table represents the carrying amount of goodwill by segment at September 30, 2013: | |||||||||||||
Household | Personal | Total | |||||||||||
Products | Care | ||||||||||||
Balance at October 1, 2012 | $ | 37.3 | $ | 1,432.20 | $ | 1,469.50 | |||||||
Cumulative translation adjustment | (0.1 | ) | 6.4 | 6.3 | |||||||||
Balance at September 30, 2013 | $ | 37.2 | $ | 1,438.60 | $ | 1,475.80 | |||||||
Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block] | ' | ||||||||||||
Total amortizable intangible assets at September 30, 2013 are as follows: | |||||||||||||
Gross | Accumulated | Net | |||||||||||
Carrying Amount | Amortization | ||||||||||||
Tradenames / Brands | $ | 18.9 | $ | 12.8 | $ | 6.1 | |||||||
Technology and patents | 75.6 | 56.5 | 19.1 | ||||||||||
Customer-related / Other | 163.6 | 57.2 | 106.4 | ||||||||||
Total amortizable intangible assets | $ | 258.1 | $ | 126.5 | $ | 131.6 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||||||||
The provisions for income taxes consisted of the following for the years ended September 30: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Currently payable: | |||||||||||||||||||||
United States - Federal | $ | 45.1 | $ | 72.8 | $ | 34 | |||||||||||||||
State | 6.4 | 6.5 | 4.6 | ||||||||||||||||||
Foreign | 66.1 | 80.1 | 79.8 | ||||||||||||||||||
Total current | 117.6 | 159.4 | 118.4 | ||||||||||||||||||
Deferred: | |||||||||||||||||||||
United States - Federal | 37 | (2.9 | ) | 36.4 | |||||||||||||||||
State | 2.4 | (0.2 | ) | 2.4 | |||||||||||||||||
Foreign | 3.9 | 0.2 | (12.4 | ) | |||||||||||||||||
Total deferred | 43.3 | (2.9 | ) | 26.4 | |||||||||||||||||
Provision for income taxes | $ | 160.9 | $ | 156.5 | $ | 144.8 | |||||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||||||||||
The source of pre-tax earnings was: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
United States | $ | 247.3 | $ | 178.3 | $ | 191.6 | |||||||||||||||
Foreign | 320.6 | 387.1 | 214.4 | ||||||||||||||||||
Pre-tax earnings | $ | 567.9 | $ | 565.4 | $ | 406 | |||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||||||||
A reconciliation of income taxes with the amounts computed at the statutory federal income tax rate follows: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Computed tax at federal statutory rate | $ | 198.8 | 35 | % | $ | 197.9 | 35 | % | $ | 142.1 | 35 | % | |||||||||
State income taxes, net of federal tax benefit | 5.5 | 1 | 4.1 | 0.7 | 4.5 | 1.1 | |||||||||||||||
Foreign tax less than the federal rate | (47.1 | ) | (8.3 | ) | (55.6 | ) | (9.8 | ) | (15.9 | ) | (3.9 | ) | |||||||||
Adjustments to prior years' tax accruals | (8.3 | ) | (1.5 | ) | (7.0 | ) | (1.2 | ) | (1.7 | ) | (0.4 | ) | |||||||||
Other taxes including repatriation of foreign earnings | 17.4 | 3.1 | 16.2 | 2.9 | 15.3 | 3.8 | |||||||||||||||
Nontaxable share option | (5.4 | ) | (1.0 | ) | (2.0 | ) | (0.4 | ) | 0.2 | — | |||||||||||
Other, net | — | — | 2.9 | 0.5 | 0.3 | 0.1 | |||||||||||||||
Total | $ | 160.9 | 28.3 | % | $ | 156.5 | 27.7 | % | $ | 144.8 | 35.7 | % | |||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||||||
The deferred tax assets and deferred tax liabilities recorded on the balance sheet at September 30 for the years indicated are as follows and include current and noncurrent amounts: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||
Depreciation and property differences | $ | (83.8 | ) | $ | (101.1 | ) | |||||||||||||||
Intangible assets | (580.7 | ) | (574.3 | ) | |||||||||||||||||
Other tax liabilities | (8.5 | ) | (6.4 | ) | |||||||||||||||||
Gross deferred tax liabilities | (673.0 | ) | (681.8 | ) | |||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||
Accrued liabilities | 104.4 | 105.7 | |||||||||||||||||||
Deferred and stock-related compensation | 102.5 | 103.6 | |||||||||||||||||||
Tax loss carryforwards and tax credits | 10.4 | 13.9 | |||||||||||||||||||
Intangible assets | 17.1 | 17.3 | |||||||||||||||||||
Postretirement benefits other than pensions | 2.6 | 11.6 | |||||||||||||||||||
Pension plans | 81.3 | 155.3 | |||||||||||||||||||
Inventory differences | 28.6 | 31.7 | |||||||||||||||||||
Other tax assets | 5.6 | 6.6 | |||||||||||||||||||
Gross deferred tax assets | 352.5 | 445.7 | |||||||||||||||||||
Valuation allowance | (9.5 | ) | (11.9 | ) | |||||||||||||||||
Net deferred tax liabilities | $ | (330.0 | ) | $ | (248.0 | ) | |||||||||||||||
Summary of Income Tax Contingencies [Table Text Block] | ' | ||||||||||||||||||||
Unrecognized tax benefits activity for the years ended September 30, 2013 and 2012 are summarized below: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Unrecognized tax benefits, beginning of year | $ | 41 | $ | 41.2 | |||||||||||||||||
Additions based on current year tax positions and acquisitions | 3.4 | 3.3 | |||||||||||||||||||
Reductions for prior year tax positions | (0.3 | ) | (0.8 | ) | |||||||||||||||||
Settlements with taxing authorities/statute expirations | (6.8 | ) | (2.7 | ) | |||||||||||||||||
Unrecognized tax benefits, end of year | $ | 37.3 | $ | 41 | |||||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
The following table sets forth the computation of basic and diluted earnings per share: | |||||||||||||
(in millions, except per share data) | FOR THE YEARS ENDED SEPTEMBER 30, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Net earnings for basic and dilutive earnings per share | $ | 407 | $ | 408.9 | $ | 261.2 | |||||||
Denominator: | |||||||||||||
Weighted-average shares - basic | 62.1 | 64.9 | 69.6 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Stock options | 0.1 | 0.2 | 0.2 | ||||||||||
Restricted stock equivalents | 0.7 | 0.6 | 0.5 | ||||||||||
Total dilutive securities | 0.8 | 0.8 | 0.7 | ||||||||||
Weighted-average shares - diluted | 62.9 | 65.7 | 70.3 | ||||||||||
Basic net earnings per share | $ | 6.55 | $ | 6.3 | $ | 3.75 | |||||||
Diluted net earnings per share | $ | 6.47 | $ | 6.22 | $ | 3.72 | |||||||
ShareBased_Payments_Tables
Share-Based Payments (Tables) | 12 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||
The following table summarizes non-qualified ENR stock option activity during the current fiscal year (shares in millions): | |||||||
Shares | Weighted-Average | ||||||
Exercise Price | |||||||
Outstanding on October 1, 2012 | 0.64 | $51.59 | |||||
Canceled | (0.02 | ) | 31.95 | ||||
Exercised | (0.38 | ) | 47.38 | ||||
Outstanding on September 30, 2013 | 0.24 | $59.57 | |||||
Exercisable on September 30, 2013 | 0.24 | $59.57 | |||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | ||||||
The following table summarizes RSE activity during the current fiscal year (shares in millions): | |||||||
Shares | Weighted-Average | ||||||
Grant Date Estimated Fair | |||||||
Value | |||||||
Nonvested RSE at October 1, 2012 | 1.96 | $70.38 | |||||
Granted | 0.5 | 84.33 | |||||
Vested | (0.62 | ) | 67.92 | ||||
Canceled | (0.20 | ) | 69.1 | ||||
Nonvested RSE at September 30, 2013 | 1.64 | $75.75 | |||||
Pension_Plans_and_Other_Postre1
Pension Plans and Other Postretirement Benefits (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | ||||||||||||||||||||||||
The following tables present the benefit obligation, plan assets and funded status of the plans: | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Change in Projected Benefit Obligation | |||||||||||||||||||||||||
Benefit obligation at beginning of year | $ | 1,396.90 | $ | 1,261.50 | $ | 39.7 | $ | 50.5 | |||||||||||||||||
Service cost | 27.1 | 26.7 | 0.4 | 0.5 | |||||||||||||||||||||
Interest cost | 48.5 | 55.8 | 1.4 | 2.3 | |||||||||||||||||||||
Plan participants' contributions | 0.3 | 0.4 | 2.8 | 5.6 | |||||||||||||||||||||
Actuarial loss/(gain) | (68.5 | ) | 124.1 | (0.2 | ) | (2.9 | ) | ||||||||||||||||||
Benefits paid, net | (87.4 | ) | (71.7 | ) | (5.8 | ) | (8.1 | ) | |||||||||||||||||
Plan amendments | — | — | (3.3 | ) | (8.9 | ) | |||||||||||||||||||
Plan curtailments | (6.0 | ) | — | (25.2 | ) | — | |||||||||||||||||||
Plan settlements | (6.4 | ) | — | — | — | ||||||||||||||||||||
Foreign currency exchange rate changes | 3.8 | 0.1 | (0.4 | ) | 0.7 | ||||||||||||||||||||
Projected Benefit Obligation at end of year | $ | 1,308.30 | $ | 1,396.90 | $ | 9.4 | $ | 39.7 | |||||||||||||||||
Change in Plan Assets | |||||||||||||||||||||||||
Estimated fair value of plan assets at beginning of year | $ | 937.2 | $ | 815 | $ | 0.4 | $ | 0.7 | |||||||||||||||||
Actual return on plan assets | 103.9 | 125.9 | — | — | |||||||||||||||||||||
Company contributions | 66.1 | 63.2 | 2.6 | 2.2 | |||||||||||||||||||||
Plan participants' contributions | 0.3 | 0.4 | 2.8 | 5.6 | |||||||||||||||||||||
Plan settlements | (6.4 | ) | — | — | — | ||||||||||||||||||||
Benefits paid | (87.4 | ) | (71.7 | ) | (5.8 | ) | (8.1 | ) | |||||||||||||||||
Foreign currency exchange rate changes | (1.4 | ) | 4.4 | — | — | ||||||||||||||||||||
Estimated fair value of plan assets at end of year | $ | 1,012.30 | $ | 937.2 | $ | — | $ | 0.4 | |||||||||||||||||
Funded status at end of year | $ | (296.0 | ) | $ | (459.7 | ) | $ | (9.4 | ) | $ | (39.3 | ) | |||||||||||||
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | ' | ||||||||||||||||||||||||
The following table presents the amounts recognized in the Consolidated Balance Sheets and Consolidated Statements of Shareholders’ Equity. | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Amounts Recognized in the Consolidated | |||||||||||||||||||||||||
Balance Sheets | |||||||||||||||||||||||||
Noncurrent assets | $ | 13.6 | $ | 3.8 | $ | — | $ | — | |||||||||||||||||
Current liabilities | (6.6 | ) | (7.9 | ) | (1.7 | ) | (2.4 | ) | |||||||||||||||||
Noncurrent liabilities | (303.0 | ) | (455.6 | ) | (7.7 | ) | (36.9 | ) | |||||||||||||||||
Net amount recognized | $ | (296.0 | ) | $ | (459.7 | ) | $ | (9.4 | ) | $ | (39.3 | ) | |||||||||||||
Amounts Recognized in Accumulated Other | |||||||||||||||||||||||||
Comprehensive Loss | |||||||||||||||||||||||||
Net loss/(gain) | $ | 269.5 | $ | 411.4 | $ | (2.2 | ) | $ | (24.9 | ) | |||||||||||||||
Prior service cost/(credit) | 0.5 | (37.1 | ) | 0.1 | (26.5 | ) | |||||||||||||||||||
Net amount recognized, pre-tax | $ | 270 | $ | 374.3 | $ | (2.1 | ) | $ | (51.4 | ) | |||||||||||||||
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
Changes recognized in other comprehensive income for the year ended September 30, 2013 are as follows: | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
Changes in plan assets and benefit obligations recognized in other comprehensive loss | |||||||||||||||||||||||||
Prior service cost from plan recent amendment | $ | — | $ | (3.3 | ) | ||||||||||||||||||||
Net gain/loss arising during the year | (111.0 | ) | 0.4 | ||||||||||||||||||||||
Effect of exchange rates | 0.2 | 0.1 | |||||||||||||||||||||||
Amounts recognized as a component of net periodic benefit cost | |||||||||||||||||||||||||
Amortization or curtailment recognition of prior service credit | 37.6 | 29.9 | |||||||||||||||||||||||
Amortization or settlement recognition of net gain/loss | (31.1 | ) | 22.6 | ||||||||||||||||||||||
Total recognized in other comprehensive income | $ | (104.3 | ) | $ | 49.7 | ||||||||||||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | ||||||||||||||||||||||||
The Company’s expected future benefit payments are as follows: | |||||||||||||||||||||||||
For The Years Ending September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2014 | $ | 79.7 | $ | 1.7 | |||||||||||||||||||||
2015 | $ | 81.9 | $ | 0.3 | |||||||||||||||||||||
2016 | $ | 85.2 | $ | 0.3 | |||||||||||||||||||||
2017 | $ | 86.3 | $ | 0.4 | |||||||||||||||||||||
2018 | $ | 90.5 | $ | 0.4 | |||||||||||||||||||||
2019 to 2023 | $ | 458.5 | $ | 2 | |||||||||||||||||||||
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | ' | ||||||||||||||||||||||||
The following table shows pension plans with an accumulated benefit obligation in excess of plan assets at the dates indicated. | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Projected benefit obligation | $ | 1,178.10 | $ | 1,270.10 | |||||||||||||||||||||
Accumulated benefit obligation | $ | 1,162.60 | $ | 1,254.00 | |||||||||||||||||||||
Estimated fair value of plan assets | $ | 868.5 | $ | 810 | |||||||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||||||||||||||
The following table presents pension and postretirement expense: | |||||||||||||||||||||||||
FOR THE YEARS ENDED SEPTEMBER 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Service cost | $ | 27.1 | $ | 26.7 | $ | 28.9 | $ | 0.4 | $ | 0.5 | $ | 0.5 | |||||||||||||
Interest cost | 48.5 | 55.8 | 55.9 | 1.4 | 2.3 | 2.7 | |||||||||||||||||||
Expected return on plan assets | (67.4 | ) | (63.0 | ) | (63.3 | ) | — | — | — | ||||||||||||||||
Amortization of unrecognized prior service cost | (0.2 | ) | (5.5 | ) | (5.6 | ) | (3.7 | ) | (2.6 | ) | (2.7 | ) | |||||||||||||
Amortization of unrecognized transition asset | — | — | 0.2 | — | — | — | |||||||||||||||||||
Recognized net actuarial loss/(gain) | 28.9 | 20.3 | 14.5 | (2.0 | ) | (2.1 | ) | (1.3 | ) | ||||||||||||||||
Curtailment/other (gain)/loss recognized | (37.4 | ) | — | 0.9 | (72.2 | ) | — | — | |||||||||||||||||
Special termination benefits recognized | — | — | 9.6 | — | — | — | |||||||||||||||||||
Settlement loss recognized | 2.2 | 2 | 5.2 | — | — | — | |||||||||||||||||||
Net periodic benefit cost | $ | 1.7 | $ | 36.3 | $ | 46.3 | $ | (76.1 | ) | $ | (1.9 | ) | $ | (0.8 | ) | ||||||||||
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] | ' | ||||||||||||||||||||||||
Amounts expected to be amortized from accumulated other comprehensive loss into net period benefit cost during the year ending September 30, 2014, are as follows: | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
Net actuarial (loss)/gain | $ | (18.6 | ) | $ | 0.1 | ||||||||||||||||||||
Prior service cost | $ | (0.3 | ) | $ | — | ||||||||||||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | ||||||||||||||||||||||||
The following table presents assumptions, which reflect weighted-averages for the component plans, used in determining the above information: | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Plan obligations: | |||||||||||||||||||||||||
Discount rate | 4.3 | % | 3.6 | % | 4.9 | % | 3.9 | % | |||||||||||||||||
Compensation increase rate | 2.5 | % | 2.5 | % | N/A | N/A | |||||||||||||||||||
Net periodic benefit cost: | |||||||||||||||||||||||||
Discount rate | 3.6 | % | 4.6 | % | 3.9 | % | 4.8 | % | |||||||||||||||||
Expected long-term rate of return on plan assets | 7.3 | % | 7.3 | % | 3 | % | 3 | % | |||||||||||||||||
Compensation increase rate | 2.5 | % | 2.7 | % | N/A | N/A | |||||||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | ||||||||||||||||||||||||
The following table sets forth the estimated fair value of the Company’s pension assets as of September 30, 2013 and 2012 segregated by level within the estimated fair value hierarchy. Refer to Note 14 of the Notes to Consolidated Financial Statements for further discussion on the estimated fair value hierarchy and estimated fair value principles. | |||||||||||||||||||||||||
2013 Pension Assets | |||||||||||||||||||||||||
ASSETS AT ESTIMATED FAIR VALUE | Level 1 | Level 2 | Total | ||||||||||||||||||||||
EQUITY | |||||||||||||||||||||||||
U.S. Equity | $ | 259.7 | $ | 91.4 | $ | 351.1 | |||||||||||||||||||
International Equity | 17.5 | 292 | 309.5 | ||||||||||||||||||||||
DEBT | |||||||||||||||||||||||||
U.S. Gov't | — | 253.5 | 253.5 | ||||||||||||||||||||||
Other Gov't | — | 25.2 | 25.2 | ||||||||||||||||||||||
Corporate | — | 29.4 | 29.4 | ||||||||||||||||||||||
CASH & CASH EQUIVALENTS | 1.7 | 36.1 | 37.8 | ||||||||||||||||||||||
OTHER | — | 5.8 | 5.8 | ||||||||||||||||||||||
TOTAL | $ | 278.9 | $ | 733.4 | $ | 1,012.30 | |||||||||||||||||||
2012 Pension Assets | |||||||||||||||||||||||||
ASSETS AT ESTIMATED FAIR VALUE | Level 1 | Level 2 | Total | ||||||||||||||||||||||
EQUITY | |||||||||||||||||||||||||
U.S. Equity | $ | 259.1 | $ | 51.9 | $ | 311 | |||||||||||||||||||
International Equity | 15.3 | 248.3 | 263.6 | ||||||||||||||||||||||
DEBT | |||||||||||||||||||||||||
U.S. Gov't | — | 294.8 | 294.8 | ||||||||||||||||||||||
Other Gov't | — | 8.8 | 8.8 | ||||||||||||||||||||||
Corporate | — | 49.2 | 49.2 | ||||||||||||||||||||||
CASH & CASH EQUIVALENTS | 1.3 | — | 1.3 | ||||||||||||||||||||||
OTHER | — | 8.5 | 8.5 | ||||||||||||||||||||||
TOTAL | $ | 275.7 | $ | 661.5 | $ | 937.2 | |||||||||||||||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||
The detail of long-term debt at September 30 for the year indicated is as follows: | |||||||||
2013 | 2012 | ||||||||
Private Placement, fixed interest rates ranging from 5.2% to 6.6%, due 2013 to 2017 | $ | 1,040.00 | $ | 1,165.00 | |||||
Senior Notes, fixed interest rate of 4.7%, due 2021 | 600 | 600 | |||||||
Senior Notes, fixed interest rate of 4.7%, due 2022, net of discount | 498.8 | 498.6 | |||||||
Term Loan, repaid in December 2012 | — | 106.5 | |||||||
Total long-term debt, including current maturities | 2,138.80 | 2,370.10 | |||||||
Less current portion | 140 | 231.5 | |||||||
Total long-term debt | $ | 1,998.80 | $ | 2,138.60 | |||||
Financial_Instruments_and_Risk1
Financial Instruments and Risk Management (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Financial Instruments and Risk Management [Abstract] | ' | ||||||||||||
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] | ' | ||||||||||||
The following table provides estimated fair values as of September 30, 2013 and 2012, and the amounts of gains and losses on derivative instruments classified as cash flow hedges as of and for the twelve months ended September 30, 2013 and 2012, respectively. | |||||||||||||
At September 30, 2013 | For the Year Ended September 30, 2013 | ||||||||||||
Derivatives designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset(Liability) (1) (2) | Gain/(Loss) Recognized in OCI(3) | Gain/(Loss) | ||||||||||
Reclassified From OCI into Income (Effective Portion) (4) (5) | |||||||||||||
Foreign currency contracts | $ | 1.5 | $ | 18.1 | $ | 10.7 | |||||||
Interest rate contracts | — | — | (0.3 | ) | |||||||||
Total | $ | 1.5 | $ | 18.1 | $ | 10.4 | |||||||
At September 30, 2012 | For the Year Ended September 30, 2012 | ||||||||||||
Derivatives designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset(Liability) (1) (2) | Gain/(Loss) Recognized in OCI(3) | Gain/(Loss) | ||||||||||
Reclassified From OCI into Income (Effective Portion) (4) (5) | |||||||||||||
Foreign currency contracts | $ | (5.9 | ) | $ | (10.0 | ) | $ | (0.8 | ) | ||||
Commodity contracts | — | — | (6.0 | ) | |||||||||
Interest rate contracts | (0.3 | ) | 2.7 | (1.7 | ) | ||||||||
Total | $ | (6.2 | ) | $ | (7.3 | ) | $ | (8.5 | ) | ||||
-1 | All derivative assets are presented in other current assets or other assets. | ||||||||||||
-2 | All derivative liabilities are presented in other current liabilities or other liabilities. | ||||||||||||
-3 | OCI is defined as other comprehensive income. | ||||||||||||
-4 | Gain/(Loss) reclassified to Income was recorded as follows: Foreign currency contracts and ineffective commodity contract in other financing items, net, effective commodity contracts in Cost of products sold. | ||||||||||||
-5 | Each of these derivative instruments has a high correlation to the underlying exposure being hedged and has been deemed highly effective in offsetting associated risk. The ineffective portion for foreign currency and interest rate contracts recognized in income was insignificant to the twelve months ended September 30, 2013. In September 2012, the Company discontinued hedge accounting treatment for its zinc contracts as the contracts no longer correlated to the underlying zinc exposure being hedged. Included within the net loss above is a $1.6 gain for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. This gain has been included in the table below for derivatives not designated as cash flow hedges. | ||||||||||||
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | ' | ||||||||||||
The following table provides estimated fair values as of September 30, 2013 and 2012, and the amounts of gains and losses on derivative instruments not classified as cash flow hedges as of and for the twelve months ended September 30, 2013 and 2012, respectively. | |||||||||||||
At September 30, 2013 | For the Year Ended September 30, 2013 | ||||||||||||
Derivatives not designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset (Liability) | Gain/(Loss) Recognized in Income (1) | |||||||||||
Share option | $ | 7.7 | $ | 15.5 | |||||||||
Commodity contracts (2) | — | (1.9 | ) | ||||||||||
Foreign currency contracts | (3.2 | ) | 4.9 | ||||||||||
Total | $ | 4.5 | $ | 18.5 | |||||||||
At September 30, 2012 | For the Year Ended September 30, 2012 | ||||||||||||
Derivatives not designated as Cash Flow Hedging Relationships | Estimated Fair Value Asset (Liability) | Gain/(Loss) Recognized in Income (1) | |||||||||||
Share option | $ | 2.5 | $ | 6.1 | |||||||||
Commodity contracts (2) | 1.6 | 1.6 | |||||||||||
Foreign currency contracts | (0.7 | ) | (1.9 | ) | |||||||||
Total | $ | 3.4 | $ | 5.8 | |||||||||
(1) Gain/(Loss) recognized in Income was recorded as follows: Share option in Selling, general and administrative expense and foreign currency and commodity contracts in other financing. | |||||||||||||
(2) In September 2012, the Company discontinued hedge accounting treatment for its existing zinc contracts. These contracts no longer meet the accounting requirements for classification as cash flow hedges because of an ineffective correlation to the underlying zinc exposure being hedged. Included in the table above is a gain of $1.6 for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. | |||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||
The following table sets forth the Company’s financial assets and liabilities, which are carried at fair value, as of September 30, 2013 and 2012 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: | |||||||||||||
Level 2 | |||||||||||||
September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Assets/(Liabilities) at estimated fair value: | |||||||||||||
Deferred Compensation | $ | (167.6 | ) | $ | (161.6 | ) | |||||||
Derivatives - Foreign Currency contracts | (1.7 | ) | (6.6 | ) | |||||||||
Derivatives - Commodity contracts | — | 1.6 | |||||||||||
Derivatives - Interest rate contracts | — | (0.3 | ) | ||||||||||
Share Option | 7.7 | 2.5 | |||||||||||
Total Liabilities at estimated fair value | $ | (161.6 | ) | $ | (164.4 | ) |
Supplemental_Financial_Stateme1
Supplemental Financial Statement Information (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Balance Sheet Related Disclosures [Abstract] | ' | ||||||||||||
Supplemental Balance Sheet Information [Table Text Block] | ' | ||||||||||||
The components of certain balance sheet accounts at September 30 for the years indicated are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Inventories | |||||||||||||
Raw materials and supplies | $ | 95.2 | $ | 100.7 | |||||||||
Work in process | 150.2 | 141.2 | |||||||||||
Finished products | 370.9 | 430.5 | |||||||||||
Total inventories | $ | 616.3 | $ | 672.4 | |||||||||
Other Current Assets | |||||||||||||
Miscellaneous receivables | $ | 56.7 | $ | 81.5 | |||||||||
Deferred income tax benefits | 211.7 | 207 | |||||||||||
Prepaid expenses | 87.5 | 90 | |||||||||||
Value added tax collectible from customers | 57.6 | 53.5 | |||||||||||
Share option | 7.7 | 2.5 | |||||||||||
Income tax receivable | 31.1 | — | |||||||||||
Other | 20.9 | 20.5 | |||||||||||
Total other current assets | $ | 473.2 | $ | 455 | |||||||||
Property, plant and equipment | |||||||||||||
Land | $ | 39.1 | $ | 39 | |||||||||
Buildings | 283.9 | 278.2 | |||||||||||
Machinery and equipment | 1,799.20 | 1,775.70 | |||||||||||
Construction in progress | 63.7 | 75.6 | |||||||||||
Total gross property | 2,185.90 | 2,168.50 | |||||||||||
Accumulated depreciation | (1,430.3 | ) | (1,320.0 | ) | |||||||||
Total property, plant and equipment, net | $ | 755.6 | $ | 848.5 | |||||||||
Other Current Liabilities | |||||||||||||
Accrued advertising, sales promotion and allowances | $ | 100.3 | $ | 70.1 | |||||||||
Accrued trade allowances | 93.1 | 101.4 | |||||||||||
Accrued salaries, vacations and incentive compensation | 112 | 115.9 | |||||||||||
Income taxes payable | — | 25.2 | |||||||||||
Returns reserve | 49.8 | 52.8 | |||||||||||
2013 restructuring reserve | 20.6 | 2.8 | |||||||||||
Other | 198.2 | 220.2 | |||||||||||
Total other current liabilities | $ | 574 | $ | 588.4 | |||||||||
Other Liabilities | |||||||||||||
Pensions and other retirement benefits | $ | 315.9 | $ | 506 | |||||||||
Deferred compensation | 167.8 | 161.9 | |||||||||||
Deferred income tax liabilities | 541.7 | 455 | |||||||||||
Other non-current liabilities | 86.2 | 92.7 | |||||||||||
Total other liabilities | $ | 1,111.60 | $ | 1,215.60 | |||||||||
Allowance for Doubtful Accounts | 2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 15.9 | $ | 15.9 | $ | 13.2 | |||||||
Impact of acquisition | — | — | 0.8 | ||||||||||
Provision charged to expense, net of reversals | (0.3 | ) | 2.2 | 4.6 | |||||||||
Write-offs, less recoveries, translation, other | 0.4 | (2.2 | ) | (2.7 | ) | ||||||||
Balance at end of year | $ | 16 | $ | 15.9 | $ | 15.9 | |||||||
Income Tax Valuation Allowance | 2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 11.9 | $ | 12.6 | $ | 11 | |||||||
Provision charged to expense | 0.5 | — | 11.4 | ||||||||||
Reversal of provision charged to expense | (0.2 | ) | (0.8 | ) | (4.6 | ) | |||||||
Write-offs, translation, other | (2.7 | ) | 0.1 | (5.2 | ) | ||||||||
Balance at end of year | $ | 9.5 | $ | 11.9 | $ | 12.6 | |||||||
Supplemental Disclosure of Cash Flow Information | 2013 | 2012 | 2011 | ||||||||||
Interest paid, including cost of early debt retirement | $ | 126.5 | $ | 117.5 | $ | 141.8 | |||||||
Income taxes paid | $ | 142.2 | $ | 113 | $ | 206.4 | |||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||
The following table provides segment information for the years ended or at September 30 for the periods presented: | |||||||||||||
Net Sales | 2013 | 2012 | 2011 | ||||||||||
Personal Care | $ | 2,448.90 | $ | 2,479.50 | $ | 2,449.70 | |||||||
Household Products | 2,017.10 | 2,087.70 | 2,196.00 | ||||||||||
Total net sales | $ | 4,466.00 | $ | 4,567.20 | $ | 4,645.70 | |||||||
2013 | 2012 | 2011 | |||||||||||
Personal Care | $ | 475.2 | $ | 470.7 | $ | 408.4 | |||||||
Household Products | 440.6 | 400.2 | 410.6 | ||||||||||
Total segment profit | 915.8 | 870.9 | 819 | ||||||||||
General corporate and other expenses | (141.5 | ) | (151.7 | ) | (119.9 | ) | |||||||
2013 restructuring (1) | (150.6 | ) | (7.3 | ) | — | ||||||||
Net pension/post-retirement gains | 107.6 | — | — | ||||||||||
Prior restructuring | — | 6.8 | (79.0 | ) | |||||||||
Acquisition inventory valuation | — | — | (7.0 | ) | |||||||||
ASR integration/transaction costs | (2.5 | ) | (8.4 | ) | (13.5 | ) | |||||||
Amortization of intangibles | (20.1 | ) | (22.7 | ) | (21.3 | ) | |||||||
Venezuela devaluation/other impacts | (6.3 | ) | — | (1.8 | ) | ||||||||
Cost of early debt retirements | — | — | (19.9 | ) | |||||||||
Interest and other financing items | (134.5 | ) | (122.2 | ) | (150.6 | ) | |||||||
Total earnings before income taxes | $ | 567.9 | $ | 565.4 | $ | 406 | |||||||
Depreciation and Amortization | |||||||||||||
Personal Care | $ | 72.7 | $ | 82 | $ | 78.9 | |||||||
Household Products | 53.3 | 54.7 | 63.5 | ||||||||||
Total segment depreciation and amortization | 126 | 136.7 | 142.4 | ||||||||||
Corporate | 61.4 | 25.5 | 38.9 | ||||||||||
Total depreciation and amortization | $ | 187.4 | $ | 162.2 | $ | 181.3 | |||||||
Total Assets | |||||||||||||
Personal Care | $ | 1,208.30 | $ | 1,278.40 | |||||||||
Household Products | 1,033.00 | 1,134.40 | |||||||||||
Total segment assets | 2,241.30 | 2,412.80 | |||||||||||
Corporate | 1,164.80 | 995.2 | |||||||||||
Goodwill and other intangible assets, net | 3,311.30 | 3,323.20 | |||||||||||
Total assets | $ | 6,717.40 | $ | 6,731.20 | |||||||||
Capital Expenditures | |||||||||||||
Personal Care | $ | 54.3 | $ | 58.3 | $ | 61 | |||||||
Household Products | 17.8 | 38.1 | 36.6 | ||||||||||
Total segment capital expenditures | 72.1 | 96.4 | 97.6 | ||||||||||
Corporate | 18.5 | 14.6 | 0.4 | ||||||||||
Total capital expenditures | $ | 90.6 | $ | 111 | $ | 98 | |||||||
(1) Includes pre-tax costs $5.2, for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statements of Earnings and Comprehensive Income. Additionally, this includes pre-tax costs of $6.1 for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in Cost of products sold on the Consolidated Statements of Earnings and Comprehensive Income. | |||||||||||||
Geographic segment information on a legal entity basis for the years ended September 30: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net Sales to Customers | |||||||||||||
United States | $ | 2,257.50 | $ | 2,355.00 | $ | 2,341.90 | |||||||
International | 2,208.50 | 2,212.20 | 2,303.80 | ||||||||||
Total net sales | $ | 4,466.00 | $ | 4,567.20 | $ | 4,645.70 | |||||||
Long-Lived Assets | |||||||||||||
United States | $ | 503.5 | $ | 581.1 | |||||||||
Germany | 79.4 | 81.5 | |||||||||||
Singapore | 86.9 | 89.8 | |||||||||||
Other International | 167.9 | 133 | |||||||||||
Total long-lived assets excluding goodwill and intangibles | $ | 837.7 | $ | 885.4 | |||||||||
Revenue from External Customers by Products and Services [Table Text Block] | ' | ||||||||||||
Supplemental product information is presented below for net sales for the years ended September 30: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net Sales | |||||||||||||
Wet Shave | $ | 1,619.00 | $ | 1,644.20 | $ | 1,598.10 | |||||||
Alkaline batteries | 1,245.90 | 1,263.40 | 1,311.70 | ||||||||||
Other batteries and lighting products | 771.2 | 824.3 | 884.3 | ||||||||||
Skin Care | 429 | 430.2 | 425.6 | ||||||||||
Feminine Care | 177.1 | 178.3 | 187.2 | ||||||||||
Infant Care | 169.2 | 180.3 | 198 | ||||||||||
Other personal care products | 54.6 | 46.5 | 40.8 | ||||||||||
Total net sales | $ | 4,466.00 | $ | 4,567.20 | $ | 4,645.70 | |||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||
Fiscal 2013 | First | Second | Third | Fourth | |||||||||||||
Net sales | $ | 1,192.50 | $ | 1,095.90 | $ | 1,111.50 | $ | 1,066.10 | |||||||||
Gross profit | 561.6 | 530.7 | 510.4 | 501.6 | |||||||||||||
Net earnings | 129.8 | 84.9 | 87.2 | 105.1 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 2.1 | $ | 1.37 | $ | 1.4 | $ | 1.69 | |||||||||
Diluted | $ | 2.07 | $ | 1.35 | $ | 1.38 | $ | 1.66 | |||||||||
Items increasing/(decreasing) net earnings: | |||||||||||||||||
2013 restructuring (1) | $ | (30.7 | ) | $ | (24.8 | ) | $ | (19.1 | ) | $ | (23.3 | ) | |||||
Net pension/post-retirement gains | 23.5 | — | — | 44 | |||||||||||||
ASR integration/transaction costs | (0.6 | ) | (0.4 | ) | (0.1 | ) | (0.5 | ) | |||||||||
Other realignment/integration | (0.1 | ) | (0.2 | ) | 0.1 | (0.8 | ) | ||||||||||
Venezuela devaluation/other impacts | 0.4 | (6.3 | ) | (0.2 | ) | (0.2 | ) | ||||||||||
Adjustments to valuation allowances and prior years tax accruals | — | 3 | 7.2 | (1.9 | ) | ||||||||||||
Fiscal 2012 | First | Second | Third | Fourth | |||||||||||||
Net sales | $ | 1,198.10 | $ | 1,101.80 | $ | 1,124.10 | $ | 1,143.20 | |||||||||
Gross profit | 564.5 | 517.2 | 528.8 | 527.4 | |||||||||||||
Net earnings | 143.8 | 77.9 | 70.2 | 117 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 2.17 | $ | 1.19 | $ | 1.08 | $ | 1.86 | |||||||||
Diluted | $ | 2.15 | $ | 1.17 | $ | 1.06 | $ | 1.84 | |||||||||
Items increasing/(decreasing) net earnings: | |||||||||||||||||
2013 restructuring | $ | — | $ | — | $ | — | $ | (4.6 | ) | ||||||||
Prior restructuring | 7.6 | (1.2 | ) | (0.4 | ) | (0.3 | ) | ||||||||||
ASR integration/transaction costs | (0.9 | ) | (1.5 | ) | (1.5 | ) | (1.3 | ) | |||||||||
Other realignment/integration | — | (0.2 | ) | (0.2 | ) | (0.1 | ) | ||||||||||
Early termination of interest rate swap | — | — | (1.1 | ) | — | ||||||||||||
Litigation provision | — | — | (8.5 | ) | 8.5 | ||||||||||||
Adjustments to valuation allowances and prior years tax accruals | — | — | 4.2 | 2.8 | |||||||||||||
(1) Includes net of tax costs of $3.4 for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statement of Earnings and Comprehensive Income. Additionally, this includes net of tax costs of $3.8, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in cost of products sold on the Consolidated Statement of Earnings and Comprehensive Income. |
Guarantor_and_NonGuarantor_Fin1
Guarantor and Non-Guarantor Financial Information (Tables) | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Guarantor and Non-Guarantor Financial Information [Abstract] | ' | |||||||||||||||
Schedule of Guarantor and Non-Guarantor Financial Information [Table Text Block] | ' | |||||||||||||||
Set forth below are the condensed consolidating financial statements presenting the results of operations, financial position and cash flows of the Parent Company (Energizer Holdings, Inc.), the Guarantors on a combined basis, the Non-Guarantors on a combined basis and eliminations necessary to arrive at the information for the Company as reported, on a consolidated basis. Eliminations represent adjustments to eliminate investments in subsidiaries and intercompany balances and transactions between or among the Parent Company, the Guarantor and the Non-Guarantor subsidiaries. | ||||||||||||||||
Consolidating Statements of Earnings (Condensed) | ||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net sales | $ | — | $ | 2,667.10 | $ | 2,367.80 | $ | (568.9 | ) | $ | 4,466.00 | |||||
Cost of products sold | — | 1,585.70 | 1,345.20 | (569.2 | ) | 2,361.70 | ||||||||||
Gross profit | — | 1,081.40 | 1,022.60 | 0.3 | 2,104.30 | |||||||||||
Selling, general and administrative expense | — | 405.9 | 419.1 | — | 825 | |||||||||||
Advertising and sales promotion expense | — | 237.9 | 203.1 | (1.1 | ) | 439.9 | ||||||||||
Research and development expense | — | 98.8 | 0.2 | — | 99 | |||||||||||
2013 restructuring | — | 107.9 | 31.4 | — | 139.3 | |||||||||||
Net pension/post-retirement gains | — | (107.6 | ) | — | — | (107.6 | ) | |||||||||
Interest expense/(income) | 124.7 | (0.3 | ) | 6.1 | — | 130.5 | ||||||||||
Intercompany interest (income)/expense | (122.6 | ) | 122.6 | — | — | — | ||||||||||
Other financing items, net | — | 3 | 7.3 | — | 10.3 | |||||||||||
Intercompany service fees | — | 14.1 | (14.1 | ) | — | — | ||||||||||
Equity in earnings of subsidiaries | (409.8 | ) | (276.4 | ) | — | 686.2 | — | |||||||||
Earnings before income taxes | 407.7 | 475.5 | 369.5 | (684.8 | ) | 567.9 | ||||||||||
Income taxes | 0.7 | 81.2 | 77.6 | 1.4 | 160.9 | |||||||||||
Net earnings | $ | 407 | $ | 394.3 | $ | 291.9 | $ | (686.2 | ) | $ | 407 | |||||
Statement of Comprehensive Income: | ||||||||||||||||
Net earnings | $ | 407 | $ | 394.3 | $ | 291.9 | $ | (686.2 | ) | $ | 407 | |||||
Other comprehensive income, net of tax | $ | 44.9 | $ | 27.2 | $ | 16.4 | $ | (43.6 | ) | $ | 44.9 | |||||
Total comprehensive income | $ | 451.9 | $ | 421.5 | $ | 308.3 | $ | (729.8 | ) | $ | 451.9 | |||||
Consolidating Statements of Earnings (Condensed) | ||||||||||||||||
Year Ended September 30, 2012 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net sales | $ | — | $ | 2,773.50 | $ | 2,433.30 | $ | (639.6 | ) | $ | 4,567.20 | |||||
Cost of products sold | — | 1,691.90 | 1,373.80 | (636.4 | ) | 2,429.30 | ||||||||||
Gross profit | — | 1,081.60 | 1,059.50 | (3.2 | ) | 2,137.90 | ||||||||||
Selling, general and administrative expense | 0.2 | 444.9 | 442.7 | — | 887.8 | |||||||||||
Advertising and sales promotion expense | — | 249.9 | 200.7 | (1.1 | ) | 449.5 | ||||||||||
Research and development expense | — | 112.3 | 0.2 | — | 112.5 | |||||||||||
2013 restructuring | — | 7.3 | — | — | 7.3 | |||||||||||
Prior restructuring | — | 0.4 | (7.2 | ) | — | (6.8 | ) | |||||||||
Interest expense/(income) | 122.6 | (0.5 | ) | 5.2 | — | 127.3 | ||||||||||
Intercompany interest (income)/expense | (119.5 | ) | 118.7 | 0.8 | — | — | ||||||||||
Other financing items, net | — | (0.5 | ) | (4.5 | ) | (0.1 | ) | (5.1 | ) | |||||||
Intercompany service fees | — | 12.8 | (12.8 | ) | — | — | ||||||||||
Equity in earnings of subsidiaries | (414.3 | ) | (315.1 | ) | — | 729.4 | — | |||||||||
Earnings before income taxes | 411 | 451.4 | 434.4 | (731.4 | ) | 565.4 | ||||||||||
Income taxes | 2.1 | 60.2 | 96.2 | (2.0 | ) | 156.5 | ||||||||||
Net earnings | $ | 408.9 | $ | 391.2 | $ | 338.2 | $ | (729.4 | ) | $ | 408.9 | |||||
Statement of Comprehensive Income: | ||||||||||||||||
Net earnings | $ | 408.9 | $ | 391.2 | $ | 338.2 | $ | (729.4 | ) | $ | 408.9 | |||||
Other comprehensive loss, net of tax | $ | (37.1 | ) | $ | (23.5 | ) | $ | (28.0 | ) | $ | 51.5 | $ | (37.1 | ) | ||
Total comprehensive income | $ | 371.8 | $ | 367.7 | $ | 310.2 | $ | (677.9 | ) | $ | 371.8 | |||||
Consolidating Statements of Earnings (Condensed) | ||||||||||||||||
Year Ended September 30, 2011 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net sales | $ | — | $ | 2,775.20 | $ | 2,444.50 | $ | (574.0 | ) | $ | 4,645.70 | |||||
Cost of products sold | — | 1,658.40 | 1,418.40 | (576.8 | ) | 2,500.00 | ||||||||||
Gross profit | — | 1,116.80 | 1,026.10 | 2.8 | 2,145.70 | |||||||||||
Selling, general and administrative expense | — | 420.4 | 435.7 | — | 856.1 | |||||||||||
Advertising and sales promotion expense | — | 285.9 | 240.8 | (2.7 | ) | 524 | ||||||||||
Research and development expense | — | 108.2 | 0.1 | — | 108.3 | |||||||||||
Prior restructuring | — | 3 | 76 | — | 79 | |||||||||||
Interest expense/(income) | 137.1 | (2.4 | ) | 6.6 | — | 141.3 | ||||||||||
Intercompany interest (income)/expense | (134.5 | ) | 133.7 | 0.8 | — | — | ||||||||||
Other financing items, net | — | 2 | 29 | — | 31 | |||||||||||
Intercompany service fees | — | 10.6 | (10.6 | ) | — | — | ||||||||||
Equity in earnings of subsidiaries | (271.2 | ) | (153.6 | ) | — | 424.8 | — | |||||||||
Earnings before income taxes | 268.6 | 309 | 247.7 | (419.3 | ) | 406 | ||||||||||
Income taxes | 7.4 | 64.6 | 71.1 | 1.7 | 144.8 | |||||||||||
Net earnings | $ | 261.2 | $ | 244.4 | $ | 176.6 | $ | (421.0 | ) | $ | 261.2 | |||||
Statement of Comprehensive Income: | ||||||||||||||||
Net earnings | $ | 261.2 | $ | 244.4 | $ | 176.6 | $ | (421.0 | ) | $ | 261.2 | |||||
Other comprehensive (loss)/income, net of tax | $ | (23.4 | ) | $ | (20.9 | ) | $ | 28.3 | $ | (7.4 | ) | $ | (23.4 | ) | ||
Total comprehensive income | $ | 237.8 | $ | 223.5 | $ | 204.9 | $ | (428.4 | ) | $ | 237.8 | |||||
Consolidating Balance Sheets (Condensed) | ||||||||||||||||
September 30, 2013 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Assets | ||||||||||||||||
Current Assets | ||||||||||||||||
Cash and cash equivalents | $ | 8 | $ | 8.4 | $ | 981.9 | $ | — | $ | 998.3 | ||||||
Trade receivables, net (a) | — | 11.8 | 468.8 | — | 480.6 | |||||||||||
Inventories | — | 334.7 | 312.7 | (31.1 | ) | 616.3 | ||||||||||
Other current assets | 23.5 | 270.5 | 194.7 | (15.5 | ) | 473.2 | ||||||||||
Total current assets | 31.5 | 625.4 | 1,958.10 | (46.6 | ) | 2,568.40 | ||||||||||
Investment in subsidiaries | 7,007.50 | 1,920.70 | — | (8,928.2 | ) | — | ||||||||||
Intercompany receivables, net (b) | — | 4,258.80 | 260.1 | (4,518.9 | ) | — | ||||||||||
Intercompany notes receivable (b) | 2,180.30 | 4.5 | — | (2,184.8 | ) | — | ||||||||||
Property, plant and equipment, net | — | 474.7 | 280.9 | — | 755.6 | |||||||||||
Goodwill | — | 1,104.90 | 370.9 | — | 1,475.80 | |||||||||||
Other intangible assets, net | — | 1,629.50 | 206 | — | 1,835.50 | |||||||||||
Other noncurrent assets | 10.2 | 13.4 | 58.5 | — | 82.1 | |||||||||||
Total assets | 9,229.50 | 10,031.90 | 3,134.50 | (15,678.5 | ) | 6,717.40 | ||||||||||
Current liabilities | 184.4 | 421.3 | 572.5 | (24.8 | ) | 1,153.40 | ||||||||||
Intercompany payables, net (b) | 4,518.90 | — | — | (4,518.9 | ) | — | ||||||||||
Intercompany notes payable (b) | — | 2,180.30 | 4.5 | (2,184.8 | ) | — | ||||||||||
Long-term debt | 1,998.80 | — | — | — | 1,998.80 | |||||||||||
Other noncurrent liabilities | 73.8 | 839.6 | 198.2 | — | 1,111.60 | |||||||||||
Total liabilities | 6,775.90 | 3,441.20 | 775.2 | (6,728.5 | ) | 4,263.80 | ||||||||||
Total shareholders' equity | 2,453.60 | 6,590.70 | 2,359.30 | (8,950.0 | ) | 2,453.60 | ||||||||||
Total liabilities and shareholders' equity | $ | 9,229.50 | $ | 10,031.90 | $ | 3,134.50 | $ | (15,678.5 | ) | $ | 6,717.40 | |||||
(a) Trade receivables, net for the Non-Guarantors includes approximately $221.4 at September 30, 2013 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | ||||||||||||||||
(b) Intercompany activity includes notes that bear interest due from the Guarantors to the Parent Company. Interest rates on these notes approximate the interest rates paid by the Parent on third party debt. Additionally, other intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the parent and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business. | ||||||||||||||||
Consolidating Balance Sheets (Condensed) | ||||||||||||||||
September 30, 2012 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Assets | ||||||||||||||||
Current Assets | ||||||||||||||||
Cash and cash equivalents | $ | 4 | $ | 9.2 | $ | 705.3 | $ | — | $ | 718.5 | ||||||
Trade receivables, net (a) (c) | — | 4.1 | 672.6 | — | 676.7 | |||||||||||
Inventories | — | 341.4 | 362.1 | (31.1 | ) | 672.4 | ||||||||||
Other current assets (c) | 0.4 | 210.8 | 232.9 | 10.9 | 455 | |||||||||||
Total current assets | 4.4 | 565.5 | 1,972.90 | (20.2 | ) | 2,522.60 | ||||||||||
Investment in subsidiaries | 6,552.50 | 1,760.80 | — | (8,313.3 | ) | — | ||||||||||
Intercompany receivables, net (b) | — | 4,249.90 | 168.6 | (4,418.5 | ) | — | ||||||||||
Intercompany notes receivable (b) | 2,413.30 | 22.4 | 11 | (2,446.7 | ) | — | ||||||||||
Property, plant and equipment, net | — | 553.1 | 295.4 | — | 848.5 | |||||||||||
Goodwill | — | 1,104.90 | 364.6 | — | 1,469.50 | |||||||||||
Other intangible assets, net | — | 1,646.80 | 206.9 | — | 1,853.70 | |||||||||||
Other noncurrent assets | 12.4 | 9.7 | 14.8 | — | 36.9 | |||||||||||
Total assets | 8,982.60 | 9,913.10 | 3,034.20 | (15,198.7 | ) | 6,731.20 | ||||||||||
Current liabilities (c) | 300 | 372.2 | 635.2 | 0.1 | 1,307.50 | |||||||||||
Intercompany payables, net (b) | 4,418.50 | — | — | (4,418.5 | ) | — | ||||||||||
Intercompany notes payable (b) | — | 2,424.30 | 22.4 | (2,446.7 | ) | — | ||||||||||
Long-term debt | 2,138.60 | — | — | — | 2,138.60 | |||||||||||
Other noncurrent liabilities | 56 | 954.7 | 204.9 | — | 1,215.60 | |||||||||||
Total liabilities | 6,913.10 | 3,751.20 | 862.5 | (6,865.1 | ) | 4,661.70 | ||||||||||
Total shareholders' equity | 2,069.50 | 6,161.90 | 2,171.70 | (8,333.6 | ) | 2,069.50 | ||||||||||
Total liabilities and shareholders' equity | $ | 8,982.60 | $ | 9,913.10 | $ | 3,034.20 | $ | (15,198.7 | ) | $ | 6,731.20 | |||||
(a) Trade receivables, net for the Non-Guarantors includes approximately $369.1 at September 30, 2012 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | ||||||||||||||||
(b) Intercompany activity includes notes that bear interest due from the Guarantors to the Parent Company. Interest rates on these notes approximate the interest rates paid by the Parent on third party debt. Additionally, other intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the parent and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business. | ||||||||||||||||
Consolidating Statements of Cash Flows (Condensed) | ||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net cash flow (used by)/from operating activities | $ | (14.3 | ) | $ | 317.1 | $ | 569.7 | $ | (122.5 | ) | $ | 750 | ||||
Cash Flow from Investing Activities | ||||||||||||||||
Capital expenditures | — | (53.9 | ) | (36.7 | ) | — | (90.6 | ) | ||||||||
Proceeds from sale of assets | — | — | 1.8 | — | 1.8 | |||||||||||
Proceeds from intercompany notes | 231.5 | 17.6 | 11 | (260.1 | ) | — | ||||||||||
Intercompany receivable/payable, net | — | (100.4 | ) | (62.0 | ) | 162.4 | — | |||||||||
Payment for equity contributions | — | (0.5 | ) | — | 0.5 | — | ||||||||||
Other, net | — | — | (0.3 | ) | — | (0.3 | ) | |||||||||
Net cash from/(used by) investing activities | 231.5 | (137.2 | ) | (86.2 | ) | (97.2 | ) | (89.1 | ) | |||||||
Cash Flow from Financing Activities | ||||||||||||||||
Cash payments on debt with original maturities | (231.5 | ) | — | — | — | (231.5 | ) | |||||||||
greater than 90 days | ||||||||||||||||
Net decrease in debt with original | — | (0.2 | ) | (63.7 | ) | — | (63.9 | ) | ||||||||
maturity days of 90 or less | ||||||||||||||||
Payments for intercompany notes | — | (242.5 | ) | (17.6 | ) | 260.1 | — | |||||||||
Proceeds from issuance of common stock | 18.2 | — | — | — | 18.2 | |||||||||||
Excess tax benefits from share-based payments | 5.3 | — | — | — | 5.3 | |||||||||||
Cash dividends paid | (105.6 | ) | — | — | — | (105.6 | ) | |||||||||
Intercompany receivable/payable, net | 100.4 | 62 | — | (162.4 | ) | — | ||||||||||
Proceeds for equity contribution | — | — | 0.5 | (0.5 | ) | — | ||||||||||
Payments for intercompany equity distributions | — | — | (122.5 | ) | 122.5 | — | ||||||||||
Net cash (used by)/from financing activities | (213.2 | ) | (180.7 | ) | (203.3 | ) | 219.7 | (377.5 | ) | |||||||
Effect of exchange rate changes on cash | — | — | (3.6 | ) | — | (3.6 | ) | |||||||||
Net increase/(decrease) in cash and cash equivalents | 4 | (0.8 | ) | 276.6 | — | 279.8 | ||||||||||
Cash and cash equivalents, beginning of period | 4 | 9.2 | 705.3 | — | 718.5 | |||||||||||
Cash and cash equivalents, end of period | $ | 8 | $ | 8.4 | $ | 981.9 | $ | — | $ | 998.3 | ||||||
Consolidating Statements of Cash Flows (Condensed) | ||||||||||||||||
Year Ended September 30, 2012 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net cash flow from/(used by) operating activities | $ | 87.4 | $ | 275.9 | $ | 327.4 | $ | (59.1 | ) | $ | 631.6 | |||||
Cash Flow from/(used by) Investing Activities | ||||||||||||||||
Capital expenditures | — | (73.4 | ) | (37.6 | ) | — | (111.0 | ) | ||||||||
Proceeds from sale of assets | — | 2 | 17.3 | — | 19.3 | |||||||||||
Proceeds from intercompany notes | 441 | 2.8 | — | (443.8 | ) | — | ||||||||||
Payments for intercompany notes | (498.6 | ) | — | (5.0 | ) | 503.6 | — | |||||||||
Intercompany receivable/payable, net | — | (358.4 | ) | (105.0 | ) | 463.4 | — | |||||||||
Proceeds from return of capital | — | 0.7 | — | (0.7 | ) | — | ||||||||||
Payment for equity contributions | — | (3.1 | ) | — | 3.1 | — | ||||||||||
Other, net | — | (1.1 | ) | (2.1 | ) | — | (3.2 | ) | ||||||||
Net cash (used by)/from investing activities | (57.6 | ) | (430.5 | ) | (132.4 | ) | 525.6 | (94.9 | ) | |||||||
Cash Flow from Financing Activities | ||||||||||||||||
Cash proceeds from issuance of debt with | 498.6 | — | — | — | 498.6 | |||||||||||
original maturities greater than 90 days | ||||||||||||||||
Cash payments on debt with original maturities | (441.0 | ) | — | — | — | (441.0 | ) | |||||||||
greater than 90 days | ||||||||||||||||
Payment of debt issue cost | (4.3 | ) | — | — | — | (4.3 | ) | |||||||||
Net (decrease)/increase in debt with original | — | (8.1 | ) | 109 | — | 100.9 | ||||||||||
maturity days of 90 or less | ||||||||||||||||
Proceeds from intercompany notes | — | 503.6 | — | (503.6 | ) | — | ||||||||||
Payments for intercompany notes | — | (441.0 | ) | (2.8 | ) | 443.8 | — | |||||||||
Common stock purchased | (417.8 | ) | — | — | — | (417.8 | ) | |||||||||
Proceeds from issuance of common stock | 3 | — | — | — | 3 | |||||||||||
Excess tax benefits from share-based payments | 2.2 | — | — | — | 2.2 | |||||||||||
Dividends paid | (24.9 | ) | — | — | — | (24.9 | ) | |||||||||
Intercompany receivable/payable, net | 358.4 | 105 | — | (463.4 | ) | — | ||||||||||
Proceeds for equity contribution | — | — | 3.1 | (3.1 | ) | — | ||||||||||
Capital contribution | — | — | (0.7 | ) | 0.7 | — | ||||||||||
Payments for intercompany equity distributions | — | — | (59.1 | ) | 59.1 | — | ||||||||||
Net cash (used by)/from financing activities | (25.8 | ) | 159.5 | 49.5 | (466.5 | ) | (283.3 | ) | ||||||||
Effect of exchange rate changes on cash | — | — | (6.1 | ) | — | (6.1 | ) | |||||||||
Net increase in cash and cash equivalents | 4 | 4.9 | 238.4 | — | 247.3 | |||||||||||
Cash and cash equivalents, beginning of period | — | 4.3 | 466.9 | — | 471.2 | |||||||||||
Cash and cash equivalents, end of period | $ | 4 | $ | 9.2 | $ | 705.3 | $ | — | $ | 718.5 | ||||||
Consolidating Statements of Cash Flows (Condensed) | ||||||||||||||||
Year Ended September 30, 2011 | ||||||||||||||||
Parent Company | Guarantors | Non-Guarantors | Eliminations | Total | ||||||||||||
Net cash flow from/(used by) operating activities | $ | 5.5 | $ | 298.3 | $ | 232.8 | $ | (124.1 | ) | $ | 412.5 | |||||
Cash Flow from/(used by) Investing Activities | ||||||||||||||||
Capital expenditures | — | (55.4 | ) | (42.6 | ) | — | (98.0 | ) | ||||||||
Proceeds from sale of assets | — | 5 | 2.6 | — | 7.6 | |||||||||||
Acquisitions, net of cash acquired | (301.0 | ) | 11.1 | 22.8 | — | (267.1 | ) | |||||||||
Proceeds for intercompany notes | 576 | 38 | — | (614.0 | ) | — | ||||||||||
Payments for intercompany notes | (600.0 | ) | — | — | 600 | — | ||||||||||
Intercompany receivable/payable, net | — | (355.7 | ) | (35.0 | ) | 390.7 | — | |||||||||
Proceeds from return of capital | — | 4 | — | (4.0 | ) | — | ||||||||||
Payment for equity contributions | — | (12.8 | ) | — | 12.8 | — | ||||||||||
Other, net | — | (4.8 | ) | (1.2 | ) | — | (6.0 | ) | ||||||||
Net cash (used by)/from investing activities | (325.0 | ) | (370.6 | ) | (53.4 | ) | 385.5 | (363.5 | ) | |||||||
Cash Flow from Financing Activities | ||||||||||||||||
Cash proceeds from issuance of debt with | 600 | — | — | — | 600 | |||||||||||
original maturities greater than 90 days | ||||||||||||||||
Cash payments on debt with original maturities | (576.0 | ) | — | — | — | (576.0 | ) | |||||||||
greater than 90 days | ||||||||||||||||
Payment of debt issue cost | (7.6 | ) | — | — | — | (7.6 | ) | |||||||||
Net decrease in debt with original maturity | — | 15.1 | 30.6 | — | 45.7 | |||||||||||
days of 90 or less | ||||||||||||||||
Proceeds from intercompany notes | — | 600 | — | (600.0 | ) | — | ||||||||||
Payments for intercompany notes | — | (576.0 | ) | (38.0 | ) | 614 | — | |||||||||
Common stock purchased | (276.0 | ) | — | — | — | (276.0 | ) | |||||||||
Proceeds from issuance of common stock | 8.2 | — | — | — | 8.2 | |||||||||||
Excess tax benefits from share-based payments | 3.7 | — | — | — | 3.7 | |||||||||||
Intercompany receivable/payable, net | 355.7 | 35 | — | (390.7 | ) | — | ||||||||||
Proceeds for equity contribution | — | — | 12.8 | (12.8 | ) | — | ||||||||||
Capital contribution | — | — | (4.0 | ) | 4 | — | ||||||||||
Payments for intercompany equity distributions | — | — | (124.1 | ) | 124.1 | — | ||||||||||
Net cash from/(used by) financing activities | 108 | 74.1 | (122.7 | ) | (261.4 | ) | (202.0 | ) | ||||||||
Effect of exchange rate changes on cash | — | — | (5.5 | ) | — | (5.5 | ) | |||||||||
Net (decrease)/increase in cash and cash | (211.5 | ) | 1.8 | 51.2 | — | (158.5 | ) | |||||||||
equivalents | ||||||||||||||||
Cash and cash equivalents, beginning of period | 211.5 | 2.5 | 415.7 | — | 629.7 | |||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 4.3 | $ | 466.9 | $ | — | $ | 471.2 | ||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Jun. 30, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 | |
Inflation Rate Threshold To Determine a Highly Inflationary Economy | ' | ' | ' | ' | 100.00% | ' | ' | ' |
Net Monetary Assets in Venezuela | ' | ' | ' | ' | $62,000,000 | ' | ' | ' |
Debt, Long-term and Short-term, Combined Amount | ' | ' | ' | ' | 2,237,800,000 | ' | ' | ' |
Cash and cash equivalents | ' | 718,500,000 | ' | ' | 998,300,000 | 718,500,000 | 471,200,000 | 629,700,000 |
Acquisition inventory valuation | ' | ' | ' | ' | 0 | 0 | 7,000,000 | ' |
Capitalized Computer Software, Net [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized Computer Software, Amortization | ' | ' | ' | ' | 2,000,000 | 2,700,000 | 5,200,000 | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation expense | ' | ' | ' | ' | 164,700,000 | 136,700,000 | 154,500,000 | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | ' | ' | ' | ' | '13 years | ' | ' | ' |
Prior restructuring | 1,200,000 | 300,000 | 400,000 | -7,600,000 | 0 | -6,800,000 | 79,000,000 | ' |
Debt Covered By Interest Rate Swap Agreements [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Debt, Long-term and Short-term, Combined Amount | ' | ' | ' | ' | 99,000,000 | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | '5 years | ' | ' | ' |
Minimum [Member] | Software and Software Development Costs [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | '3 years | ' | ' | ' |
Minimum [Member] | Machinery and Equipment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | '2 years | ' | ' | ' |
Minimum [Member] | Building [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | '3 years | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | '20 years | ' | ' | ' |
Maximum [Member] | Software and Software Development Costs [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | '7 years | ' | ' | ' |
Maximum [Member] | Machinery and Equipment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | '25 years | ' | ' | ' |
Maximum [Member] | Building [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | '30 years | ' | ' | ' |
Restructuring Plan 2013 [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Prior restructuring | ' | ' | ' | ' | 139,300,000 | ' | ' | ' |
Asset Impairments [Member] | Restructuring Plan 2013 [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Prior restructuring | ' | ' | ' | ' | 19,300,000 | ' | ' | ' |
Accelerated Depreciation [Member] | Restructuring Plan 2013 [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Prior restructuring | ' | ' | ' | ' | 23,600,000 | ' | ' | ' |
Impairment and Accelerated Depreciation [Member] | Restructuring Plan 2013 [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Prior restructuring | ' | ' | ' | ' | 42,900,000 | ' | ' | ' |
Commodity Contract [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding derivative contracts | ' | ' | ' | ' | $0 | ' | ' | ' |
Restructuring_Details
Restructuring (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Jun. 30, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Nov. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 |
Informational Technology Enablement [Member] | Informational Technology Enablement [Member] | Informational Technology Enablement [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | Household Products Restructuring [Member] | Household Products Restructuring [Member] | Household Products Restructuring [Member] | ||||||||
Minimum [Member] | Maximum [Member] | employee | employee | Asset Impairments [Member] | Accelerated Depreciation [Member] | Impairment and Accelerated Depreciation [Member] | Impairment and Accelerated Depreciation [Member] | Impairment and Accelerated Depreciation [Member] | Impairment and Accelerated Depreciation [Member] | Employee Severance [Member] | Employee Severance [Member] | Employee Severance [Member] | Employee Severance [Member] | Employee Severance [Member] | Employee Severance [Member] | Consulting, Program Management and Other Charges [Member] | Consulting, Program Management and Other Charges [Member] | Consulting, Program Management and Other Charges [Member] | Other Restructuring [Member] | Other Restructuring [Member] | Other Restructuring [Member] | Informational Technology Enablement [Member] | Informational Technology Enablement [Member] | Informational Technology Enablement [Member] | Obsolescence Charges for Non-Core Inventory [Member] | Consulting and Program Management [Member] | Consulting and Program Management [Member] | Other Restructuring [Member] | Facility Closing [Member] | ||||||||||
Minimum [Member] | Maximum [Member] | Household Products [Member] | Minimum [Member] | Maximum [Member] | Household Products [Member] | Personal Care [Member] | Corporate Segment [Member] | Household Products [Member] | Personal Care [Member] | Corporate Segment [Member] | Minimum [Member] | Maximum [Member] | Selling, General and Administrative Expenses [Member] | Minimum [Member] | Maximum [Member] | Cost of Sales [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected number of positions eliminated, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected number of positions eliminated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of positions eiminated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Expected Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20 | $25 | ' | ' | ' | ' | ' | ' |
Expected cost remaining | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 20 | ' | ' | 40 | 50 | ' | ' | ' | ' | ' | ' | ' | 5 | 15 | ' | ' | ' | ' | 20 | 30 | ' | ' | ' |
Restructuring charges if allocated to segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43 | ' | ' | ' | 42 | 6 | 1 | 36 | 9 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring reserve | ' | ' | ' | ' | 2.8 | ' | ' | ' | ' | ' | ' | 2.8 | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 2.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring charges | 1.2 | 0.3 | 0.4 | -7.6 | 0 | -6.8 | 79 | 3.4 | 15 | 25 | ' | 139.3 | 19.3 | 23.6 | 42.9 | ' | ' | ' | 49.3 | ' | ' | ' | ' | ' | ' | ' | ' | 47.1 | ' | ' | 5.2 | ' | ' | 6.1 | ' | ' | -6.8 | 6 | 13 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.1 | ' | ' | 0 | ' | ' | ' | -0.1 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -78.5 | ' | ' | 0 | ' | ' | ' | -32.9 | ' | ' | ' | ' | ' | ' | ' | ' | -45.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-Cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -42.9 | ' | ' | -42.9 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring reserve | ' | $2.80 | ' | ' | $20.60 | $2.80 | ' | ' | ' | ' | ' | $20.60 | ' | ' | $0 | ' | ' | ' | $16.30 | ' | ' | ' | ' | ' | ' | ' | ' | $4.30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Venezuela_Details
Venezuela (Details) | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 12, 2013 |
In Millions, unless otherwise specified | USD ($) | Minimum [Member] | Maximum [Member] | Venezuela Inflationary Accounting [Member] | Venezuela Inflationary Accounting [Member] | Venezuela Inflationary Accounting [Member] |
USD ($) | VEF | VEF | ||||
Intercompany Foreign Currency Balance [Line Items] | ' | ' | ' | ' | ' | ' |
Foreign Currency Exchange Rate, Translation | ' | 5.4 | 6.3 | ' | 6.3 | 4.3 |
Foreign Currency Exchange Rate, SITME Rate, Translation | ' | ' | ' | ' | ' | 5.5 |
Venezuela devaluation/other impacts | ' | ' | ' | $6 | ' | ' |
Net Monetary Assets in Venezuela | $62 | ' | ' | ' | ' | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets - Indefinite-lived intangibles (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' |
Indefinite-lived Intangible Assets | $1,703.90 | $1,701.90 |
Indefinite-lived Intangibles Assets, Impairment test, Discount Rate Used | 7.50% | ' |
Indefinite-lived Intangibles Assets, Impairment Test, Terminal Growth Rate Used | 2.00% | ' |
Playtex [Member] | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' |
Indefinite-lived Intangible Assets | ' | 650 |
Indefinite-Lived Intangible Assets, Fair Value as Percent of Carrying Value | ' | 107.00% |
Wet Ones [Member] | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' |
Indefinite-lived Intangible Assets | ' | 200 |
Indefinite-Lived Intangible Assets, Fair Value as Percent of Carrying Value | ' | 109.00% |
Personal Care [Member] | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' |
Indefinite-lived Intangible Assets | 1,622.40 | ' |
Household Products [Member] | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' |
Indefinite-lived Intangible Assets | $81.50 | ' |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets - Goodwill (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Goodwill [Roll Forward] | ' |
Balance at October 1, 2012 | $1,469.50 |
Cumulative translation adjustment | 6.3 |
Balance at September 30, 2013 | 1,475.80 |
Household Products [Member] | ' |
Goodwill [Roll Forward] | ' |
Balance at October 1, 2012 | 37.3 |
Cumulative translation adjustment | -0.1 |
Balance at September 30, 2013 | 37.2 |
Personal Care [Member] | ' |
Goodwill [Roll Forward] | ' |
Balance at October 1, 2012 | 1,432.20 |
Cumulative translation adjustment | 6.4 |
Balance at September 30, 2013 | $1,438.60 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets - Finite-lived intangibles (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
Gross Carrying Amount | $258.10 |
Accumulated Amortization | 126.5 |
Finite-Lived Intangible Assets, Net | 131.6 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '13 years |
Amortization of Intangible Assets | 20.1 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ' |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 17.4 |
Future Amortization Expense, Year Two | 15.2 |
Future Amortization Expense, Year Three | 15.2 |
Future Amortization Expense, Year Four | 14.8 |
Future Amortization Expense, Year Five | 7.3 |
Future Amortization Expense, after Year Six | 61.7 |
Minimum [Member] | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
Finite-Lived Intangible Asset, Useful Life | '5 years |
Maximum [Member] | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
Finite-Lived Intangible Asset, Useful Life | '20 years |
Tradenames / Brands [Member] | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
Gross Carrying Amount | 18.9 |
Accumulated Amortization | 12.8 |
Finite-Lived Intangible Assets, Net | 6.1 |
Technology and Patents [Member] | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
Gross Carrying Amount | 75.6 |
Accumulated Amortization | 56.5 |
Finite-Lived Intangible Assets, Net | 19.1 |
Customer Related and Other Intangible Assets [Member] | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
Gross Carrying Amount | 163.6 |
Accumulated Amortization | 57.2 |
Finite-Lived Intangible Assets, Net | $106.40 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Current Income Tax Expense (Benefit) [Abstract] | ' | ' | ' |
United States - Federal | $45.10 | $72.80 | $34 |
State | 6.4 | 6.5 | 4.6 |
Foreign | 66.1 | 80.1 | 79.8 |
Total current | 117.6 | 159.4 | 118.4 |
Deferred Income Tax Expense (Benefit) [Abstract] | ' | ' | ' |
United States - Federal | 37 | -2.9 | 36.4 |
State | 2.4 | -0.2 | 2.4 |
Foreign | 3.9 | 0.2 | -12.4 |
Total deferred | 43.3 | -2.9 | 26.4 |
Income tax expense (benefit) | 160.9 | 156.5 | 144.8 |
Pre-tax Earnings [Abstract] | ' | ' | ' |
United States | 247.3 | 178.3 | 191.6 |
Foreign | 320.6 | 387.1 | 214.4 |
Earnings before income taxes | 567.9 | 565.4 | 406 |
Income Tax Reconciliation ($) [Abstract] | ' | ' | ' |
Computed tax at federal statutory rate ($) | 198.8 | 197.9 | 142.1 |
State income taxes, net of federal tax benefit ($) | 5.5 | 4.1 | 4.5 |
Foreign tax less than the federal rate ($) | -47.1 | -55.6 | -15.9 |
Adjustments to prior years' tax accruals ($) | -8.3 | -7 | -1.7 |
Other taxes including repatriation of foreign earnings ($) | 17.4 | 16.2 | 15.3 |
Nontaxable share income ($) | -5.4 | -2 | 0.2 |
Other, net ($) | 0 | 2.9 | 0.3 |
Tax Rate Reconciliation (%) [Abstract] | ' | ' | ' |
Computed tax at federal statutory rate (%) | 35.00% | 35.00% | 35.00% |
State income taxes, net of federal tax benefit (%) | 1.00% | 0.70% | 1.10% |
Foreign tax less than the federal rate (%) | -8.30% | -9.80% | -3.90% |
Adjustments to prior years' tax accruals (%) | -1.50% | -1.20% | -0.40% |
Other taxes including repatriation of foreign earnings (%) | 3.10% | 2.90% | 3.80% |
Nontaxable share income (%) | -1.00% | -0.40% | 0.00% |
Other, net (%) | 0.00% | 0.50% | 0.10% |
Total (%) | 28.30% | 27.70% | 35.70% |
Components of Deferred Tax Liabilities [Abstract] | ' | ' | ' |
Depreciation and property differences | -83.8 | -101.1 | ' |
Intangible assets | -580.7 | -574.3 | ' |
Other tax liabilities | -8.5 | -6.4 | ' |
Gross deferred tax liabilities | -673 | -681.8 | ' |
Components of Deferred Tax Assets [Abstract] | ' | ' | ' |
Accrued liabilities | 104.4 | 105.7 | ' |
Deferred and stock-related compensation | 102.5 | 103.6 | ' |
Tax loss carryforwards and tax credits | 10.4 | 13.9 | ' |
Intangible assets | 17.1 | 17.3 | ' |
Postretirement benefits other than pensions | 2.6 | 11.6 | ' |
Pension plans | 81.3 | 155.3 | ' |
Inventory differences | 28.6 | 31.7 | ' |
Other tax assets | 5.6 | 6.6 | ' |
Gross deferred tax assets | 352.5 | 445.7 | ' |
Valuation allowance | -9.5 | -11.9 | ' |
Net deferred tax liabilities | -330 | -248 | ' |
Operating Loss Carryforwards and Tax Credit Expiration [Abstract] | ' | ' | ' |
Tax loss carryforwards and tax credits | 9.8 | ' | ' |
Undistributed Earnings of Foreign Subsidiaries | 1,460 | ' | ' |
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound | 170 | ' | ' |
Unrecognized Tax Benefits [Roll Forward] | ' | ' | ' |
Unrecognized tax benefits, beginning of year | 37.3 | 41 | 41.2 |
Additions based on current year tax positions | 3.4 | 3.3 | ' |
Reductions for prior year tax positions | -0.3 | -0.8 | ' |
Settlements with taxing authorities/statute expirations | -6.8 | -2.7 | ' |
Unrecognized tax benefits, end of year | 37.3 | 41 | 41.2 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 31.9 | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued [Abstract] | ' | ' | ' |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 9.6 | 9 | ' |
Unrecognized Tax Benefits, Income Tax Penalties Accrued | $2.80 | $2.80 | ' |
Number of Foreign Jurisdictions Where Taxes Are Filed | 50 | ' | ' |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||
In Millions, except Per Share data, unless otherwise specified | Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings for basic and dilutive earnings per share | $77.90 | $105.10 | $87.20 | $84.90 | $129.80 | $117 | $70.20 | $143.80 | $407 | $408.90 | $261.20 |
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average shares for basic earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | 62.1 | 64.9 | 69.6 |
Effect of dilutive securities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options | ' | ' | ' | ' | ' | ' | ' | ' | 0.1 | 0.2 | 0.2 |
Restricted stock equivalents | ' | ' | ' | ' | ' | ' | ' | ' | 0.7 | 0.6 | 0.5 |
Total dilutive securities | ' | ' | ' | ' | ' | ' | ' | ' | 0.8 | 0.8 | 0.7 |
Weighted-average shares for diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | 62.9 | 65.7 | 70.3 |
Basic earnings per share | $1.19 | $1.69 | $1.40 | $1.37 | $2.10 | $1.86 | $1.08 | $2.17 | $6.55 | $6.30 | $3.75 |
Diluted earnings per share | $1.17 | $1.66 | $1.38 | $1.35 | $2.07 | $1.84 | $1.06 | $2.15 | $6.47 | $6.22 | $3.72 |
Antidilutive securities excluded from computation of EPS | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0.4 | 0.7 |
ShareBased_Payments_Details
Share-Based Payments (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Oct. 31, 2009 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2013 |
Director [Member] | Employee [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | ||||
Minimum [Member] | Maximum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Shares Authorized | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction in Number of Shares Available For Issuance For Each Share of Restricted Stock | 1.95 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Shares Available for Grant | 2,700,000 | 3,300,000 | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Award Vesting Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '7 years |
Maximum Term of Award | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Additional Stock Equivalents Credited, Percent of Deferred Amount | ' | ' | ' | 33.00% | 25.00% | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | $33 | $44.90 | $37.30 | ' | ' | ' | ' | ' | ' | ' | ' |
Tax Benefit from Compensation Expense | $12.30 | $16.80 | $13.90 | ' | ' | ' | ' | ' | ' | ' | ' |
Grants in Period (shares) | ' | ' | ' | ' | ' | 266,750 | 0 | 0 | 0 | ' | ' |
ShareBased_Payments_Options_De
Share-Based Payments - Options (Details) (USD $) | 1 Months Ended | 12 Months Ended | |||
Oct. 31, 2012 | Oct. 31, 2009 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Options Outstanding - Intrinsic Value | ' | ' | 7,600,000 | ' | ' |
Exercises in Period - Total Intrinsic Value | ' | ' | 15,700,000 | 3,400,000 | 8,300,000 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | ' | ' | 0 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' | ' | ' |
Outstanding on October 1, 2012 (shares) | 640,000 | ' | 640,000 | ' | ' |
Outstanding on October 1, 2012 (Weighted Average Exercise Price) ($ per share) | 51.59 | ' | 51.59 | ' | ' |
Canceled (shares) | ' | ' | -20,000 | ' | ' |
Canceled (Weighted-Average Exercise Price) | ' | ' | 31.95 | ' | ' |
Exercised (shares) | ' | ' | 380,000 | ' | ' |
Exercised (Weighted Average Exercise Price) ($ per share) | ' | ' | 47.38 | ' | ' |
Outstanding on September 30, 2013 (shares) | ' | ' | 240,000 | 640,000 | ' |
Outstanding on September 30, 2013 (Weighted Average Exercise Price) ($ per share) | ' | ' | 59.57 | 51.59 | ' |
Exercisable on September 30, 2013 (shares) | ' | ' | 240,000 | ' | ' |
Exercisable on September 30, 2013 (Weighted Average Exercise Price) ($ per share) | ' | ' | 59.57 | ' | ' |
Stock Options [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Grants in Period (shares) | ' | 266,750 | 0 | 0 | 0 |
Vested in Period (Shares) | 215,500 | ' | ' | ' | ' |
Maximum Term of Award | ' | ' | '10 years | ' | ' |
Weighted Average Remaining Contractual Term | ' | ' | '4 years 2 months 12 days | ' | ' |
ShareBased_Payments_Restricted
Share-Based Payments - Restricted Stock Equivalents (Details) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||||||||||||||||||||||||||||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Nov. 30, 2013 | Oct. 31, 2008 | Oct. 31, 2011 | Oct. 31, 2008 | Oct. 31, 2009 | Oct. 31, 2009 | Oct. 31, 2012 | Nov. 08, 2012 | Oct. 31, 2009 | Oct. 31, 2010 | Nov. 05, 2013 | Oct. 31, 2009 | Nov. 30, 2013 | Oct. 31, 2013 | Nov. 05, 2013 | Oct. 31, 2010 | Oct. 31, 2013 | Nov. 30, 2013 | Nov. 05, 2013 | Nov. 30, 2011 | Oct. 31, 2010 | Oct. 31, 2010 | Oct. 31, 2010 | Nov. 30, 2011 | Nov. 30, 2011 | Nov. 30, 2011 | Nov. 30, 2011 | Nov. 30, 2013 | Dec. 31, 2012 | Nov. 30, 2013 | Dec. 31, 2012 | Nov. 30, 2013 | Dec. 31, 2012 |
Subsequent Event [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | October 2008 Restricted Stock Equivalent Grant [Member] | October 2008 Restricted Stock Equivalent Grant [Member] | October 2008 Restricted Stock Equivalent Grant [Member] | October 2009 Restricted Stock Equivalent Grant [Member] | October 2009 Restricted Stock Equivalent Grant [Member] | October 2009 Restricted Stock Equivalent Grant [Member] | October 2009 Restricted Stock Equivalent Grant [Member] | October 2009 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | October 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2010 Restricted Stock Equivalent Grant [Member] | November 2011 Restricted Stock Equivalent Grant [Member] | November 2011 Restricted Stock Equivalent Grant [Member] | November 2011 Restricted Stock Equivalent Grant [Member] | November 2011 Restricted Stock Equivalent Grant [Member] | Date of 2016 Earnings Release [Member] | Ratably Over Four Years [Member] | Ratably Over Four Years [Member] | Third Anniversary of Grant [Member] | Third Anniversary of Grant [Member] | Date of 2015 Earnings Release [Member] | |||
Subsequent Event [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | |||||||
Management [Member] | Management [Member] | Employee [Member] | Management [Member] | Management [Member] | Management [Member] | Employee [Member] | Management [Member] | Management [Member] | Management [Member] | Management [Member] | Management [Member] | Employee [Member] | Management [Member] | Management [Member] | Management [Member] | Management [Member] | Management [Member] | Management [Member] | Employee [Member] | Management [Member] | Management [Member] | Employee [Member] | Management [Member] | Employee [Member] | Employee [Member] | Management [Member] | Management [Member] | Management [Member] | |||||||||||
Third Anniversary of Grant [Member] | Ratably Over Four Years [Member] | Third Anniversary of Grant [Member] | Dependent Upon EPS CAGR [Member] | Ratably Over Four Years [Member] | Third Anniversary of Grant [Member] | Third Anniversary of Grant [Member] | Dependent Upon EPS CAGR [Member] | Ratably Over Four Years [Member] | Third Anniversary of Grant [Member] | Third Anniversary of Grant [Member] | Dependent Upon EPS CAGR [Member] | Dependent Upon EPS CAGR [Member] | Dependent Upon EPS CAGR [Member] | Dependent Upon EPS CAGR [Member] | Ratably Over Four Years [Member] | Third Anniversary of Grant [Member] | Dependent Upon EPS CAGR [Member] | Ratably Over Four Years [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||||||||||||||||||
Minimum [Member] | |||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock Equivalents Vesting Percentage on Third Anniversary of Grant | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | 30.00% | ' | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vesting Amount if EPS CAGR is Achieved | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66.70% | ' | ' | ' | ' | ' | ' | 36.90% | ' | ' | ' | 36.90% | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum EPS CAGR Required For Full Vesting | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
EPS CAGR Threshold For Vesting Percentages Less Than Full Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.33% | ' | ' | ' | ' | ' | ' | 6.95% | ' | ' | ' | 6.95% | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Award Vesting Period | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | '4 years | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price | ' | $81.45 | $101.56 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Fair Value, Percentage Premium to Closing Stock Price | ' | ' | ' | 7.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonvested RSE at October 1, 2012 (shares) | 1,960,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonvested RSE at October 1, 2012 (Grant Date Fair Value) ($ per share) | $70.38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Granted (shares) | 500,000 | ' | ' | ' | ' | ' | ' | 374,600 | ' | 265,200 | ' | 485,600 | ' | ' | 266,300 | ' | 32,700 | 289,000 | ' | ' | ' | 313,300 | ' | ' | ' | ' | ' | ' | 159,600 | ' | 130,700 | 305,000 | 310,000 | 238,600 | 188,300 | 179,800 | 94,100 | 39,800 | 205,600 |
Granted (Grant Date Fair Value) ($ per share) | $84.33 | ' | ' | $84,300,000 | $70,300,000 | $74,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vested (shares) | 620,000 | ' | ' | ' | ' | ' | ' | ' | 91,900 | ' | ' | ' | 130,000 | 201,700 | ' | ' | ' | ' | 85,000 | ' | 58,800 | ' | 48,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vested (Grant Date Fair Value) ($ per share) | $67.92 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Canceled (shares) | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Canceled (Grant Date Fair Value) ($ per share) | $69.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonvested RSE at September 30, 2013 (shares) | 1,640,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonvested RSE at September 30, 2013 (Grant Date Fair Value) ($ per share) | $75.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Compensation Cost Not yet Recognized | ' | ' | ' | $47.80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Remaining Contractual Term | ' | ' | ' | '1 year 1 month 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
RSE Vested in Period - Total Fair Value | ' | ' | ' | $46.70 | $29.30 | $25.30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pension_Plans_and_Other_Postre2
Pension Plans and Other Postretirement Benefits (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | ($315.90) | ' | ' | ' | ($315.90) | ($506) | ' |
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | ' | ' | ' | ' | -35.7 | 24.8 | 26.4 |
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation | 1,178.10 | ' | ' | ' | 1,178.10 | 1,270.10 | ' |
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation | 1,162.60 | ' | ' | ' | 1,162.60 | 1,254 | ' |
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets | 868.5 | ' | ' | ' | 868.5 | 810 | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Net pension/post-retirement gains | 44 | 0 | 0 | 23.5 | 107.6 | 0 | 0 |
Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Benefit obligation at beginning of year | ' | ' | ' | 1,396.90 | 1,396.90 | 1,261.50 | ' |
Defined Benefit Plan, Contributions by Plan Participants | ' | ' | ' | ' | 0.3 | 0.4 | ' |
Defined Benefit Plan, Actuarial Gain (Loss) | ' | ' | ' | ' | -68.5 | 124.1 | ' |
Defined Benefit Plan, Benefits Paid, Net of Contributions | ' | ' | ' | ' | -87.4 | -71.7 | ' |
Plan amendments | ' | ' | ' | ' | 0 | 0 | ' |
Plan curtailments | ' | ' | ' | ' | -6 | 0 | ' |
Plan settlements | ' | ' | ' | ' | -6.4 | 0 | ' |
Defined Benefit Plan, Foreign Currency Exchange Rate Gain (Loss) | ' | ' | ' | ' | 3.8 | 0.1 | ' |
Benefit obligation at end of year | 1,308.30 | ' | ' | ' | 1,308.30 | 1,396.90 | 1,261.50 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at beginning of year | ' | ' | ' | 937.2 | 937.2 | 815 | ' |
Defined Benefit Plan, Actual Return on Plan Assets | ' | ' | ' | ' | 103.9 | 125.9 | ' |
Defined Benefit Plan, Contributions by Employer | ' | ' | ' | ' | 66.1 | 63.2 | ' |
Defined Benefit Plan, Contributions by Plan Participants, Plan Assets | ' | ' | ' | ' | 0.3 | 0.4 | ' |
Defined Benefit Plan, Settlements, Plan Assets | ' | ' | ' | ' | -6.4 | 0 | ' |
Defined Benefit Plan, Benefits Paid | ' | ' | ' | ' | -87.4 | -71.7 | ' |
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets | ' | ' | ' | ' | -1.4 | 4.4 | ' |
Fair value of plan assets at end of year | 1,012.30 | ' | ' | ' | 1,012.30 | 937.2 | 815 |
Defined Benefit Plan, Funded Status of Plan | -296 | ' | ' | ' | -296 | -459.7 | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent | 13.6 | ' | ' | ' | 13.6 | 3.8 | ' |
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities | -6.6 | ' | ' | ' | -6.6 | -7.9 | ' |
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | -303 | ' | ' | ' | -303 | -455.6 | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet | -296 | ' | ' | ' | -296 | -459.7 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax | 269.5 | ' | ' | ' | 269.5 | 411.4 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax | 0.5 | ' | ' | ' | 0.5 | -37.1 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax | 270 | ' | ' | ' | 270 | 374.3 | ' |
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Arising During Period, before Tax | ' | ' | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax | ' | ' | ' | ' | -111 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Effect of Foreign Currency, before Tax | ' | ' | ' | ' | 0.2 | ' | ' |
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Benefit Cost, before Tax | ' | ' | ' | ' | 37.6 | ' | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | ' | ' | ' | ' | -31.1 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | ' | ' | ' | ' | -104.3 | ' | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | ' | ' | ' | ' | 31.1 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months | 79.7 | ' | ' | ' | 79.7 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Two | 81.9 | ' | ' | ' | 81.9 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Three | 85.2 | ' | ' | ' | 85.2 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Four | 86.3 | ' | ' | ' | 86.3 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Five | 90.5 | ' | ' | ' | 90.5 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter | 458.5 | ' | ' | ' | 458.5 | ' | ' |
Defined Benefit Plan, Accumulated Benefit Obligation | 1,280.30 | ' | ' | ' | 1,280.30 | 1,365.30 | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Service cost | ' | ' | ' | ' | 27.1 | 26.7 | 28.9 |
Interest cost | ' | ' | ' | ' | 48.5 | 55.8 | 55.9 |
Expected return on plan assets | ' | ' | ' | ' | -67.4 | -63 | -63.3 |
Amortization of prior service cost | ' | ' | ' | ' | -0.2 | -5.5 | -5.6 |
Amortization of transition obligation | ' | ' | ' | ' | 0 | 0 | 0.2 |
Amortization of unrecognized net loss | ' | ' | ' | ' | 28.9 | 20.3 | 14.5 |
Net pension/post-retirement gains | ' | ' | ' | ' | 37.4 | 0 | -0.9 |
Defined Benefit Plan, Cost of Providing Special or Contractual Termination Benefits Recognized During Period | ' | ' | ' | ' | 0 | 0 | 9.6 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | ' | ' | ' | ' | 2.2 | 2 | 5.2 |
Net periodic benefit cost | ' | ' | ' | ' | 1.7 | 36.3 | 46.3 |
Defined Benefit Plan, Amortization of Net Gains (Losses) | ' | ' | ' | ' | -18.6 | ' | ' |
Defined Benefit Plan, Amortization of Net Prior Service Cost (Credit) | ' | ' | ' | ' | -0.3 | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.30% | ' | ' | ' | 4.30% | 3.60% | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase | 2.50% | ' | ' | ' | 2.50% | 2.50% | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | ' | ' | ' | ' | 3.60% | 4.60% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | ' | ' | ' | ' | 7.30% | 7.30% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | ' | ' | ' | ' | 2.50% | 2.70% | ' |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Benefit obligation at beginning of year | ' | ' | ' | 39.7 | 39.7 | 50.5 | ' |
Defined Benefit Plan, Contributions by Plan Participants | ' | ' | ' | ' | 2.8 | 5.6 | ' |
Defined Benefit Plan, Actuarial Gain (Loss) | ' | ' | ' | ' | -0.2 | -2.9 | ' |
Defined Benefit Plan, Benefits Paid, Net of Contributions | ' | ' | ' | ' | -5.8 | -8.1 | ' |
Plan amendments | ' | ' | ' | ' | -3.3 | -8.9 | ' |
Plan curtailments | ' | ' | ' | ' | -25.2 | 0 | ' |
Plan settlements | ' | ' | ' | ' | 0 | 0 | ' |
Defined Benefit Plan, Foreign Currency Exchange Rate Gain (Loss) | ' | ' | ' | ' | -0.4 | 0.7 | ' |
Benefit obligation at end of year | 9.4 | ' | ' | ' | 9.4 | 39.7 | 50.5 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at beginning of year | ' | ' | ' | 0.4 | 0.4 | 0.7 | ' |
Defined Benefit Plan, Actual Return on Plan Assets | ' | ' | ' | ' | 0 | ' | ' |
Defined Benefit Plan, Contributions by Employer | ' | ' | ' | ' | 2.6 | 2.2 | ' |
Defined Benefit Plan, Contributions by Plan Participants, Plan Assets | ' | ' | ' | ' | 2.8 | 5.6 | ' |
Defined Benefit Plan, Settlements, Plan Assets | ' | ' | ' | ' | 0 | 0 | ' |
Defined Benefit Plan, Benefits Paid | ' | ' | ' | ' | -5.8 | -8.1 | ' |
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets | ' | ' | ' | ' | 0 | ' | ' |
Fair value of plan assets at end of year | 0 | ' | ' | ' | 0 | 0.4 | 0.7 |
Defined Benefit Plan, Funded Status of Plan | -9.4 | ' | ' | ' | -9.4 | -39.3 | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent | 0 | ' | ' | ' | 0 | 0 | ' |
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities | -1.7 | ' | ' | ' | -1.7 | -2.4 | ' |
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | -7.7 | ' | ' | ' | -7.7 | -36.9 | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet | -9.4 | ' | ' | ' | -9.4 | -39.3 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax | -2.2 | ' | ' | ' | -2.2 | -24.9 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax | 0.1 | ' | ' | ' | 0.1 | -26.5 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax | -2.1 | ' | ' | ' | -2.1 | -51.4 | ' |
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Arising During Period, before Tax | ' | ' | ' | ' | -3.3 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax | ' | ' | ' | ' | 0.4 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Effect of Foreign Currency, before Tax | ' | ' | ' | ' | 0.1 | ' | ' |
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Benefit Cost, before Tax | ' | ' | ' | ' | 29.9 | ' | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | ' | ' | ' | ' | 22.6 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | ' | ' | ' | ' | 49.7 | ' | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | ' | ' | ' | ' | 1.7 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months | 1.7 | ' | ' | ' | 1.7 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Two | 0.3 | ' | ' | ' | 0.3 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Three | 0.3 | ' | ' | ' | 0.3 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Four | 0.4 | ' | ' | ' | 0.4 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Year Five | 0.4 | ' | ' | ' | 0.4 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter | 2 | ' | ' | ' | 2 | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Service cost | ' | ' | ' | ' | 0.4 | 0.5 | 0.5 |
Interest cost | ' | ' | ' | ' | 1.4 | 2.3 | 2.7 |
Expected return on plan assets | ' | ' | ' | ' | 0 | 0 | 0 |
Amortization of prior service cost | ' | ' | ' | ' | -3.7 | -2.6 | -2.7 |
Amortization of transition obligation | ' | ' | ' | ' | 0 | 0 | 0 |
Amortization of unrecognized net loss | ' | ' | ' | ' | -2 | -2.1 | -1.3 |
Net pension/post-retirement gains | 70.2 | ' | ' | ' | 72.2 | 0 | 0 |
Defined Benefit Plan, Cost of Providing Special or Contractual Termination Benefits Recognized During Period | ' | ' | ' | ' | 0 | 0 | 0 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | ' | ' | ' | ' | 0 | 0 | 0 |
Net periodic benefit cost | ' | ' | ' | ' | -76.1 | -1.9 | -0.8 |
Defined Benefit Plan, Amortization of Net Gains (Losses) | ' | ' | ' | ' | 0.1 | ' | ' |
Defined Benefit Plan, Amortization of Net Prior Service Cost (Credit) | ' | ' | ' | ' | 0 | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.90% | ' | ' | ' | 4.90% | 3.90% | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | ' | ' | ' | ' | 3.90% | 4.80% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | ' | ' | ' | ' | 3.00% | 3.00% | ' |
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Percent of Plan Assets | 80.00% | ' | ' | ' | 80.00% | ' | ' |
Equity Securities [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | ' | ' | ' | ' | 9.30% | ' | ' |
Equity Securities [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations | ' | ' | ' | ' | 65.00% | ' | ' |
Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | ' | ' | ' | ' | 4.30% | ' | ' |
Debt Securities [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations | ' | ' | ' | ' | 31.00% | ' | ' |
Other Defined Benefit Plan Assets [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations | ' | ' | ' | ' | 4.00% | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 278.9 | ' | ' | ' | 278.9 | 275.7 | ' |
Fair Value, Inputs, Level 1 [Member] | Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | ' | ' | ' | ' | ' | 0.4 | ' |
Fair Value, Inputs, Level 1 [Member] | Equity Securities, United States [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 259.7 | ' | ' | ' | 259.7 | 259.1 | ' |
Fair Value, Inputs, Level 1 [Member] | Equity Securities, International [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 17.5 | ' | ' | ' | 17.5 | 15.3 | ' |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 0 | ' | ' | ' | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Foreign Government Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 0 | ' | ' | ' | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 0 | ' | ' | ' | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 1.7 | ' | ' | ' | 1.7 | 1.3 | ' |
Fair Value, Inputs, Level 1 [Member] | Other Defined Benefit Plan Assets [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 0 | ' | ' | ' | 0 | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 733.4 | ' | ' | ' | 733.4 | 661.5 | ' |
Fair Value, Inputs, Level 2 [Member] | Equity Securities, United States [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 91.4 | ' | ' | ' | 91.4 | 51.9 | ' |
Fair Value, Inputs, Level 2 [Member] | Equity Securities, International [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 292 | ' | ' | ' | 292 | 248.3 | ' |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 253.5 | ' | ' | ' | 253.5 | 294.8 | ' |
Fair Value, Inputs, Level 2 [Member] | Foreign Government Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 25.2 | ' | ' | ' | 25.2 | 8.8 | ' |
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 29.4 | ' | ' | ' | 29.4 | 49.2 | ' |
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 36.1 | ' | ' | ' | 36.1 | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | Other Defined Benefit Plan Assets [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 5.8 | ' | ' | ' | 5.8 | 8.5 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 1,012.30 | ' | ' | ' | 1,012.30 | 937.2 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Equity Securities, United States [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 351.1 | ' | ' | ' | 351.1 | 311 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Equity Securities, International [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 309.5 | ' | ' | ' | 309.5 | 263.6 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | US Government Agencies Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 253.5 | ' | ' | ' | 253.5 | 294.8 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Foreign Government Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 25.2 | ' | ' | ' | 25.2 | 8.8 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Corporate Debt Securities [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 29.4 | ' | ' | ' | 29.4 | 49.2 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Cash and Cash Equivalents [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | 37.8 | ' | ' | ' | 37.8 | 1.3 | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | Other Defined Benefit Plan Assets [Member] | Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | $5.80 | ' | ' | ' | $5.80 | $8.50 | ' |
Defined_Contribution_Plan_Deta
Defined Contribution Plan (Details) (USD $) | 12 Months Ended | 0 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Jan. 01, 2014 |
Scenario, Forecast [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent | 50.00% | ' | ' | 100.00% |
Defined Contribution Plan, Maximum Percentage of Before Tax Compensation Matched by Employer | 6.00% | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | $9.30 | $9.30 | $9.20 | ' |
Debt_Details
Debt (Details) (USD $) | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | 19-May-11 | Sep. 30, 2013 | Sep. 30, 2012 | 24-May-12 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | |
Private Placement Notes [Member] | Private Placement Notes [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2022 [Member] | Senior Notes Due May 2022 [Member] | Senior Notes Due May 2022 [Member] | Term Loan Due 2012 [Member] | Term Loan Due 2012 [Member] | Debt Covered By Interest Rate Swap Agreements [Member] | |||
Short-term Debt [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes payable | $162,400,000 | $99,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term Debt, Weighted Average Interest Rate | 2.20% | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | 2,370,100,000 | 2,138,800,000 | 1,165,000,000 | 1,040,000,000 | 600,000,000 | 600,000,000 | ' | 498,800,000 | 498,600,000 | ' | 106,500,000 | 0 | ' |
Current maturities of long-term debt | 231,500,000 | 140,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | 2,138,600,000 | 1,998,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | 5.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | ' | ' | ' | 6.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | 4.70% | ' | 4.70% | 4.70% | ' | 4.70% | ' | ' | ' |
Debt, Long-term and Short-term, Combined Amount | ' | 2,237,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99,000,000 |
Total Committed Debt Facilities | ' | 2,687,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Receivables Securitization Program, Maximum Borrowing Capacity | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Receivables Securitization Program, Amount Outstanding | 140,000,000 | 78,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate principal amount | ' | ' | ' | ' | ' | ' | 600,000,000 | ' | ' | 500,000,000 | ' | ' | ' |
Repayments of Long-term Debt | 495,000,000 | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | 335,000,000 | ' | ' |
Long-term Debt, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | ' | 140,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Two | ' | 230,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Three | ' | 210,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Four | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Five | ' | 310,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal after Year Five | ' | $1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Credit_Facility_Details
Debt - Credit Facility (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Debt Disclosure [Abstract] | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $450 |
Line of Credit Facility, Remaining Borrowing Capacity | 438.5 |
Letters of Credit Outstanding, Amount | $11.50 |
Line of Credit Facility, Maximum Debt to EBITDA Ratio Allowed | 4 |
Line of Credit Facility, Debt to EBITDA Ratio, Threshold for Four Consecutive Quarters | 3.5 |
Line of Credit Facility, Additional Basis Points When Debt to EBITDA Ratio is Above Threshold | 0.75% |
Line of Credit Facility, Minimum EBIT to Interest Expense Ratio Allowed | 3 |
Line of Credit Facility, Actual Debt to EBITDA Ratio | 2.33 |
Line of Credit Facility, Actual EBIT to Interest Expense Ratio | 5.68 |
Preferred_Stock_Details
Preferred Stock (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Class of Stock Disclosures [Abstract] | ' | ' |
Number of shares authorized to be repurchased | 10,000,000 | ' |
Preferred Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Shareholders_Equity_Details
Shareholders' Equity (Details) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||
In Millions, except Share data, unless otherwise specified | Jun. 04, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 30, 2012 | Nov. 04, 2013 | Jun. 04, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Jun. 04, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Jun. 04, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Incentive Stock Plan 2000 [Member] | Incentive Stock Plan 2009 [Member] | April 2012 Share Repurchase Program [Member] | April 2012 Share Repurchase Program [Member] | Subsequent Event [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | |||
Common Stock Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Capital Shares Reserved for Future Issuance | ' | ' | 300,000 | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares authorized to be repurchased | ' | 10,000,000 | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining number of shares authorized to be repurchased | ' | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total dividends declared | ' | $108.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $108.10 | $25.60 | $0 |
Dividends paid | ' | 105.6 | ' | ' | ' | ' | 31 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, dividends declared (in dollars per share) | ' | ' | ' | ' | ' | ' | $0.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury share retirement (shares) | 43,000,000 | ' | ' | ' | ' | ' | ' | ' | -42,757,000 | 0 | 0 | ' | 42,757,000 | 0 | ' | ' | ' | ' | ' |
Treasury share retirement | ' | ' | ' | ' | ' | ' | ' | $2,146.50 | $2,146.50 | $0 | $0 | $0.40 | ($0.40) | $0 | $0 | $2,146.10 | ($2,146.10) | $0 | $0 |
Financial_Instruments_and_Risk2
Financial Instruments and Risk Management - Derivatives (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Nov. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | ||||||||||||||||||||
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Debt Covered By Interest Rate Swap Agreements [Member] | Sales, General and Administrative [Member] | Sales, General and Administrative [Member] | Sales, General and Administrative [Member] | Other Financing [Member] | Other Financing [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Credit Concentration Risk [Member] | |||||||||||||||||||||||
Share Option [Member] | Share Option [Member] | Commodity Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member] | Other Financing [Member] | Other Financing [Member] | Cost of Sales [Member] | Wal-Mart Stores [Member] | Wal-Mart Stores [Member] | Wal-Mart Stores [Member] | ||||||||||||||||||||||||||||
Contract | Share Option [Member] | Share Option [Member] | Commodity Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Commodity Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | |||||||||||||||||||||||||||||||||||||||
Contract | Interest Rate Swap [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Commodity Contract [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Entity-Wide Revenue, Major Customer, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 20.30% | 19.50% | ' | ||||||||||||||||||||
Trade receivables, net | $480,600,000 | [1] | $676,700,000 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $80,200,000 | ||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,500,000 | -5,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Derivative, Number of Instruments Held | ' | ' | ' | ' | ' | ' | ' | ' | 13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Derivative, Notional Amount | ' | ' | 0 | ' | ' | ' | ' | ' | 118,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 339,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Debt, Long-term and Short-term, Combined Amount | 2,237,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Derivative Asset (Liability) Fair Value | ' | ' | ' | ' | ' | 7,700,000 | 2,500,000 | 1,600,000 | [3] | -3,200,000 | -700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [4],[5] | 1,500,000 | [4],[5] | -5,900,000 | [4],[5] | 0 | [4],[5] | -300,000 | [4],[5] | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Derivative, Fair Value, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | [4],[5] | -6,200,000 | [4],[5] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,100,000 | [6] | -7,300,000 | [6] | 0 | [6] | 18,100,000 | [6] | -10,000,000 | [6] | 0 | [6] | 2,700,000 | [6] | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | ' | ' | 18,500,000 | [7] | 5,800,000 | [7] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,400,000 | [8],[9] | -8,500,000 | [8],[9] | ' | ' | ' | -300,000 | [8],[9] | -1,700,000 | [8],[9] | -300,000 | 10,700,000 | [8],[9] | -800,000 | [8],[9] | -6,000,000 | [8],[9] | ' | ' | ' | ' | |||||||||||
Derivative Instruments, Gain (Loss) Recognized in Income, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,500,000 | [7] | 6,100,000 | [7] | 1,600,000 | [3],[7] | 4,900,000 | [7] | -1,900,000 | [7] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net | ' | ' | ' | $4,500,000 | $3,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
[1] | Trade receivables, net for the Non-Guarantors includes approximately $221.4 at September 30, 2013 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Trade receivables, net for the Non-Guarantors includes approximately $369.1 at September 30, 2012 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | In September 2012, the Company discontinued hedge accounting treatment for its existing zinc contracts. These contracts no longer meet the accounting requirements for classification as cash flow hedges because of an ineffective correlation to the underlying zinc exposure being hedged. Included in the table above is a gain of $1.6 for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | All derivative liabilities are presented in other current liabilities or other liabilities. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | All derivative assets are presented in other current assets or other assets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | OCI is defined as other comprehensive income. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | Gain/(Loss) recognized in Income was recorded as follows: Share option in Selling, general and administrative expense and foreign currency and commodity contracts in other financing. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | Gain/(Loss) reclassified to Income was recorded as follows: Foreign currency contracts and ineffective commodity contract in other financing items, net, effective commodity contracts in Cost of products sold. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
[9] | Each of these derivative instruments has a high correlation to the underlying exposure being hedged and has been deemed highly effective in offsetting associated risk. The ineffective portion for foreign currency and interest rate contracts recognized in income was insignificant to the twelve months ended September 30, 2013. In September 2012, the Company discontinued hedge accounting treatment for its zinc contracts as the contracts no longer correlated to the underlying zinc exposure being hedged. Included within the net loss above is a $1.6 gain for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. This gain has been included in the table below for derivatives not designated as cash flow hedges. |
Financial_Instruments_and_Risk3
Financial Instruments and Risk Management - Fair Value (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Long-term Debt, Fair Value | $2,262.30 | $2,438 |
Long-term Debt | 2,138.80 | 2,370.10 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Deferred Compensation | -167.6 | -161.6 |
Net Assets Liabilities at Fair Value | -161.6 | -164.4 |
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Derivative Asset (Liability) Fair Value | -1.7 | -6.6 |
Fair Value, Measurements, Recurring [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Derivative Asset (Liability) Fair Value | 0 | 1.6 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Derivative Asset (Liability) Fair Value | ' | -0.3 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Derivative Asset (Liability) Fair Value | 0 | ' |
Fair Value, Measurements, Recurring [Member] | Share Option [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Derivative Asset (Liability) Fair Value | 7.7 | 2.5 |
Fixed-rate Debt [Member] | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' |
Long-term Debt | $2,138.80 | $2,263.60 |
Environmental_and_Legal_Matter1
Environmental and Legal Matters (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Environmental and Legal Matters [Abstract] | ' |
Total Accrued Environmental Costs | $19.30 |
Accrued Environmental Costs - Current | $4.70 |
Other_Commitments_and_Continge1
Other Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Operating Leases, Rent Expense, Net [Abstract] | ' | ' | ' |
Operating Leases, Rent Expense, Net | $29.40 | $30.80 | $32.60 |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Operating Leases, Future Minimum Payments Due, Current | 28.9 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Two Years | 21.9 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Three Years | 17.4 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Four Years | 16.1 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Five Years | 15.1 | ' | ' |
Operating Leases, Future Minimum Payments, Due Thereafter | $30.60 | ' | ' |
Supplemental_Financial_Stateme2
Supplemental Financial Statement Information (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Inventories | ' | ' | ' |
Raw materials and supplies | $95.20 | $100.70 | ' |
Work in process | 150.2 | 141.2 | ' |
Finished products | 370.9 | 430.5 | ' |
Total inventories | 616.3 | 672.4 | ' |
Other Current Assets | ' | ' | ' |
Miscellaneous receivables | 56.7 | 81.5 | ' |
Deferred income tax benefits | 211.7 | 207 | ' |
Prepaid expenses | 87.5 | 90 | ' |
Value Added Tax Receivable, Current | 57.6 | 53.5 | ' |
Prepaid Share Option | 7.7 | 2.5 | ' |
Income Taxes Receivable, Current | 31.1 | 0 | ' |
Other | 20.9 | 20.5 | ' |
Total other current assets | 473.2 | 455 | ' |
Property, Plant and Equipment | ' | ' | ' |
Land | 39.1 | 39 | ' |
Buildings | 283.9 | 278.2 | ' |
Machinery and equipment | 1,799.20 | 1,775.70 | ' |
Construction in progress | 63.7 | 75.6 | ' |
Total gross property | 2,185.90 | 2,168.50 | ' |
Accumulated depreciation | -1,430.30 | -1,320 | ' |
Total net property, plant and equipment, net | 755.6 | 848.5 | ' |
Other Current Liabilities | ' | ' | ' |
Accrued advertising, promotion and allowances | 100.3 | 70.1 | ' |
Accrued Trade Allowance | 93.1 | 101.4 | ' |
Accrued salaries, vacations and incentive compensation | 112 | 115.9 | ' |
Income taxes payable | 0 | 25.2 | ' |
Returns reserve | 49.8 | 52.8 | ' |
Restructuring Reserve | 20.6 | 2.8 | ' |
Other | 198.2 | 220.2 | ' |
Total other current liabilities | 574 | 588.4 | ' |
Other Liabilities | ' | ' | ' |
Pensions and other retirement benefits | 315.9 | 506 | ' |
Deferred compensation | 167.8 | 161.9 | ' |
Deferred income tax liabilities | 541.7 | 455 | ' |
Other non-current liabilities | 86.2 | 92.7 | ' |
Total other liabilities | 1,111.60 | 1,215.60 | ' |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Interest Paid | 126.5 | 117.5 | 141.8 |
Income Taxes Paid | 142.2 | 113 | 206.4 |
Allowance for Doubtful Accounts [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Valuation Allowances and Reserves, Balance | 15.9 | 15.9 | 13.2 |
Valuation Allowances and Reserves, Reserves of Businesses Acquired | 0 | 0 | 0.8 |
Valuation Allowances and Reserves, Charged to Cost and Expense | -0.3 | 2.2 | 4.6 |
Valuation Allowances and Reserves, Adjustments | 0.4 | -2.2 | -2.7 |
Valuation Allowances and Reserves, Balance | 16 | 15.9 | 15.9 |
Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Valuation Allowances and Reserves, Balance | 11.9 | 12.6 | 11 |
Valuation Allowances and Reserves, Charged to Cost and Expense | 0.5 | 0 | 11.4 |
Valuation Allowances and Reserves, Reversal of Charges to Cost and Expense | -0.2 | -0.8 | -4.6 |
Valuation Allowances and Reserves, Adjustments | -2.7 | 0.1 | -5.2 |
Valuation Allowances and Reserves, Balance | $9.50 | $11.90 | $12.60 |
Segment_Information_Details
Segment Information (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | 19-May-11 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | ||||
Venezuela Inflationary Accounting [Member] | Venezuela Inflationary Accounting [Member] | Venezuela Inflationary Accounting [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2021 [Member] | Private Placement Notes Early Redemption [Member] | Wet Shave [Member] | Wet Shave [Member] | Wet Shave [Member] | Alkaline batteries [Member] | Alkaline batteries [Member] | Alkaline batteries [Member] | Other batteries and lighting products [Member] | Other batteries and lighting products [Member] | Other batteries and lighting products [Member] | Skin Care [Member] | Skin Care [Member] | Skin Care [Member] | Feminine Care [Member] | Feminine Care [Member] | Feminine Care [Member] | Infant Care [Member] | Infant Care [Member] | Infant Care [Member] | Other Personal Care Products [Member] | Other Personal Care Products [Member] | Other Personal Care Products [Member] | UNITED STATES | UNITED STATES | UNITED STATES | International | International | International | GERMANY | GERMANY | SINGAPORE | SINGAPORE | Other International | Other International | Other International | CANADA | CANADA | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Personal Care [Member] | Personal Care [Member] | Personal Care [Member] | Household Products [Member] | Household Products [Member] | Household Products [Member] | Intersegment Elimination [Member] | Intersegment Elimination [Member] | Intersegment Elimination [Member] | Restructuring Plan 2013 [Member] | Household Products Restructuring [Member] | Informational Technology Enablement [Member] | Informational Technology Enablement [Member] | Other Restructuring [Member] | Other Restructuring [Member] | Selling, General and Administrative Expenses [Member] | Cost of Sales [Member] | |||||||||||||||
Maximum [Member] | Maximum [Member] | Restructuring Plan 2013 [Member] | Household Products Restructuring [Member] | Informational Technology Enablement [Member] | Obsolescence Charges for Non-Core Inventory [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Plan 2013 [Member] | Restructuring Plan 2013 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net pension/post-retirement gains | ' | ($44,000,000) | $0 | $0 | ($23,500,000) | ' | ' | ' | ($107,600,000) | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Long-term Debt | ' | 2,138,800,000 | ' | ' | ' | 2,370,100,000 | ' | ' | 2,138,800,000 | 2,370,100,000 | ' | ' | ' | ' | 600,000,000 | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.70% | ' | 4.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Debt Instrument, Decrease, Repayments, Make Whole Premiums | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net sales | 1,101,800,000 | 1,066,100,000 | 1,111,500,000 | 1,095,900,000 | 1,192,500,000 | 1,143,200,000 | 1,124,100,000 | 1,198,100,000 | 4,466,000,000 | 4,567,200,000 | 4,645,700,000 | ' | ' | ' | ' | ' | ' | ' | 1,619,000,000 | 1,644,200,000 | 1,598,100,000 | 1,245,900,000 | 1,263,400,000 | 1,311,700,000 | 771,200,000 | 824,300,000 | 884,300,000 | 429,000,000 | 430,200,000 | 425,600,000 | 177,100,000 | 178,300,000 | 187,200,000 | 169,200,000 | 180,300,000 | 198,000,000 | 54,600,000 | 46,500,000 | 40,800,000 | 2,257,500,000 | 2,355,000,000 | 2,341,900,000 | 2,208,500,000 | 2,212,200,000 | 2,303,800,000 | ' | ' | ' | ' | ' | ' | ' | 0.052 | 0.053 | ' | ' | ' | 2,448,900,000 | 2,479,500,000 | 2,449,700,000 | 2,017,100,000 | 2,087,700,000 | 2,196,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating Profit | ' | ' | ' | ' | ' | ' | ' | ' | 915,800,000 | 870,900,000 | 819,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 475,200,000 | 470,700,000 | 408,400,000 | 440,600,000 | 400,200,000 | 410,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
General corporate and other expenses | ' | ' | ' | ' | ' | ' | ' | ' | -141,500,000 | -151,700,000 | -119,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2013 restructuring | ' | ' | ' | ' | ' | ' | ' | ' | -150,600,000 | [1] | -7,300,000 | [1] | 0 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prior restructuring | -1,200,000 | ' | ' | ' | ' | -300,000 | -400,000 | 7,600,000 | 0 | 6,800,000 | -79,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -139,300,000 | 6,800,000 | -3,400,000 | -25,000,000 | -47,100,000 | -6,000,000 | -5,200,000 | -6,100,000 | |||
Inventory Adjustments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
ASR integration/transaction costs | -1,500,000 | -500,000 | -100,000 | -400,000 | -600,000 | -1,300,000 | -1,500,000 | -900,000 | -2,500,000 | -8,400,000 | -13,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | -20,100,000 | -22,700,000 | -21,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Venezuela devaluation/other impacts | ' | -200,000 | -200,000 | -6,300,000 | 400,000 | ' | ' | ' | ' | ' | ' | -6,300,000 | 0 | -1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Cost of early debt retirements | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -19,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest and other financing items | ' | ' | ' | ' | ' | ' | ' | ' | -134,500,000 | -122,200,000 | -150,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Earnings before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 567,900,000 | 565,400,000 | 406,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation, Depletion and Amortization [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 187,400,000 | 162,200,000 | 181,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 126,000,000 | 136,700,000 | 142,400,000 | 72,700,000 | 82,000,000 | 78,900,000 | 53,300,000 | 54,700,000 | 63,500,000 | 61,400,000 | 25,500,000 | 38,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Additional Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Assets | ' | 6,717,400,000 | ' | ' | ' | 6,731,200,000 | ' | ' | 6,717,400,000 | 6,731,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,241,300,000 | 2,412,800,000 | ' | 1,208,300,000 | 1,278,400,000 | ' | 1,033,000,000 | 1,134,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Corporate Assets | ' | 1,164,800,000 | ' | ' | ' | 995,200,000 | ' | ' | 1,164,800,000 | 995,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Goodwill and other intangible assets net | ' | 3,311,300,000 | ' | ' | ' | 3,323,200,000 | ' | ' | 3,311,300,000 | 3,323,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 90,600,000 | 111,000,000 | 98,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72,100,000 | 96,400,000 | 97,600,000 | 17,800,000 | 38,100,000 | 36,600,000 | 54,300,000 | 58,300,000 | 61,000,000 | 18,500,000 | 14,600,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | ' | $837,700,000 | ' | ' | ' | $885,400,000 | ' | ' | $837,700,000 | $885,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $503,500,000 | $581,100,000 | ' | ' | ' | ' | $79,400,000 | $81,500,000 | $86,900,000 | $89,800,000 | $167,900,000 | $133,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Entity-Wide Revenue, Major Customer, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
[1] | Includes pre-tax costs $5.2, for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statements of Earnings and Comprehensive Income. Additionally, this includes pre-tax costs of $6.1 for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in Cost of products sold on the Consolidated Statements of Earnings and Comprehensive Income. |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||
Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |||||
Quarterly Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net sales | $1,101,800,000 | $1,066,100,000 | $1,111,500,000 | $1,095,900,000 | $1,192,500,000 | $1,143,200,000 | $1,124,100,000 | $1,198,100,000 | $4,466,000,000 | $4,567,200,000 | $4,645,700,000 | ||||
Gross profit | 517,200,000 | 501,600,000 | 510,400,000 | 530,700,000 | 561,600,000 | 527,400,000 | 528,800,000 | 564,500,000 | 2,104,300,000 | 2,137,900,000 | 2,145,700,000 | ||||
Net earnings | 77,900,000 | 105,100,000 | 87,200,000 | 84,900,000 | 129,800,000 | 117,000,000 | 70,200,000 | 143,800,000 | 407,000,000 | 408,900,000 | 261,200,000 | ||||
Basic earnings per share | $1.19 | $1.69 | $1.40 | $1.37 | $2.10 | $1.86 | $1.08 | $2.17 | $6.55 | $6.30 | $3.75 | ||||
Diluted earnings per share | $1.17 | $1.66 | $1.38 | $1.35 | $2.07 | $1.84 | $1.06 | $2.15 | $6.47 | $6.22 | $3.72 | ||||
Restructuring Charges, Plan Two | 0 | -23,300,000 | [1] | -19,100,000 | [1] | -24,800,000 | [1] | -30,700,000 | [1] | -4,600,000 | 0 | 0 | -139,300,000 | -7,300,000 | 0 |
Net pension/post-retirement gains | ' | 44,000,000 | 0 | 0 | 23,500,000 | ' | ' | ' | 107,600,000 | 0 | 0 | ||||
Prior restructuring | -1,200,000 | ' | ' | ' | ' | -300,000 | -400,000 | 7,600,000 | 0 | 6,800,000 | -79,000,000 | ||||
ASR integration/transaction costs | -1,500,000 | -500,000 | -100,000 | -400,000 | -600,000 | -1,300,000 | -1,500,000 | -900,000 | -2,500,000 | -8,400,000 | -13,500,000 | ||||
Other realignment/integration costs | -200,000 | -800,000 | 100,000 | -200,000 | -100,000 | -100,000 | -200,000 | 0 | ' | ' | ' | ||||
Venezuela devaluation/other impacts | ' | -200,000 | -200,000 | -6,300,000 | 400,000 | ' | ' | ' | ' | ' | ' | ||||
Litigation provision | 0 | ' | ' | ' | ' | 8,500,000 | -8,500,000 | 0 | ' | ' | ' | ||||
Early termination of interest rate swap | 0 | ' | ' | ' | ' | 0 | -1,100,000 | 0 | ' | ' | ' | ||||
Adjustments to Valuation Allowance and Prior Years Tax Accruals | 0 | -1,900,000 | 7,200,000 | 3,000,000 | 0 | 2,800,000 | 4,200,000 | 0 | ' | ' | ' | ||||
Inventory write down | ' | ' | ' | ' | ' | ' | ' | ' | -3,800,000 | ' | ' | ||||
Informational Technology Enablement [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Quarterly Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Prior restructuring | ' | ' | ' | ' | ' | ' | ' | ' | ($3,400,000) | ' | ' | ||||
[1] | Includes net of tax costs of $3.4 for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statement of Earnings and Comprehensive Income. Additionally, this includes net of tax costs of $3.8, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in cost of products sold on the Consolidated Statement of Earnings and Comprehensive Income. |
Guarantor_and_NonGuarantor_Fin2
Guarantor and Non-Guarantor Financial Information (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | 19-May-11 | Sep. 30, 2013 | Sep. 30, 2012 | 24-May-12 | ||||||||||||||||
Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Energizer Receivables Funding Corp. [Member] | Energizer Receivables Funding Corp. [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2021 [Member] | Senior Notes Due May 2022 [Member] | Senior Notes Due May 2022 [Member] | Senior Notes Due May 2022 [Member] | |||||||||||||||||||||||||||
Aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $600,000,000 | ' | ' | $500,000,000 | |||||||||||||||
Long-term Debt | ' | 2,138,800,000 | ' | ' | ' | 2,370,100,000 | ' | ' | 2,138,800,000 | 2,370,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000,000 | 600,000,000 | ' | 498,800,000 | 498,600,000 | ' | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.70% | ' | 4.70% | 4.70% | ' | 4.70% | |||||||||||||||
Income Statement [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net sales | 1,101,800,000 | 1,066,100,000 | 1,111,500,000 | 1,095,900,000 | 1,192,500,000 | 1,143,200,000 | 1,124,100,000 | 1,198,100,000 | 4,466,000,000 | 4,567,200,000 | 4,645,700,000 | 0 | 0 | 0 | 2,667,100,000 | 2,773,500,000 | 2,775,200,000 | 2,367,800,000 | 2,433,300,000 | 2,444,500,000 | ' | ' | -568,900,000 | -639,600,000 | -574,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cost of products sold | ' | ' | ' | ' | ' | ' | ' | ' | 2,361,700,000 | 2,429,300,000 | 2,500,000,000 | 0 | 0 | 0 | 1,585,700,000 | 1,691,900,000 | 1,658,400,000 | 1,345,200,000 | 1,373,800,000 | 1,418,400,000 | ' | ' | -569,200,000 | -636,400,000 | -576,800,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Gross profit | 517,200,000 | 501,600,000 | 510,400,000 | 530,700,000 | 561,600,000 | 527,400,000 | 528,800,000 | 564,500,000 | 2,104,300,000 | 2,137,900,000 | 2,145,700,000 | 0 | 0 | 0 | 1,081,400,000 | 1,081,600,000 | 1,116,800,000 | 1,022,600,000 | 1,059,500,000 | 1,026,100,000 | ' | ' | 300,000 | -3,200,000 | 2,800,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Selling, general and administrative expense | ' | ' | ' | ' | ' | ' | ' | ' | 825,000,000 | 887,800,000 | 856,100,000 | 0 | 200,000 | 0 | 405,900,000 | 444,900,000 | 420,400,000 | 419,100,000 | 442,700,000 | 435,700,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Advertising and sales promotion expense | ' | ' | ' | ' | ' | ' | ' | ' | 439,900,000 | 449,500,000 | 524,000,000 | 0 | 0 | 0 | 237,900,000 | 249,900,000 | 285,900,000 | 203,100,000 | 200,700,000 | 240,800,000 | ' | ' | -1,100,000 | -1,100,000 | -2,700,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Research and development expense | ' | ' | ' | ' | ' | ' | ' | ' | 99,000,000 | 112,500,000 | 108,300,000 | 0 | 0 | 0 | 98,800,000 | 112,300,000 | 108,200,000 | 200,000 | 200,000 | 100,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Restructuring Charges, Plan Two | 0 | 23,300,000 | [1] | 19,100,000 | [1] | 24,800,000 | [1] | 30,700,000 | [1] | 4,600,000 | 0 | 0 | 139,300,000 | 7,300,000 | 0 | 0 | 0 | ' | 107,900,000 | 7,300,000 | ' | 31,400,000 | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Net pension/post-retirement gains | ' | -44,000,000 | 0 | 0 | -23,500,000 | ' | ' | ' | -107,600,000 | 0 | 0 | 0 | ' | ' | -107,600,000 | ' | ' | 0 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Prior restructuring | 1,200,000 | ' | ' | ' | ' | 300,000 | 400,000 | -7,600,000 | 0 | -6,800,000 | 79,000,000 | ' | 0 | 0 | ' | 400,000 | 3,000,000 | ' | -7,200,000 | 76,000,000 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Interest expense/(income) | ' | ' | ' | ' | ' | ' | ' | ' | 130,500,000 | 127,300,000 | 141,300,000 | 124,700,000 | 122,600,000 | 137,100,000 | -300,000 | -500,000 | -2,400,000 | 6,100,000 | 5,200,000 | 6,600,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Intercompany interest (income)/expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | -122,600,000 | -119,500,000 | -134,500,000 | 122,600,000 | 118,700,000 | 133,700,000 | 0 | 800,000 | 800,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other financing items, net | ' | ' | ' | ' | ' | ' | ' | ' | 10,300,000 | -5,100,000 | 31,000,000 | 0 | 0 | 0 | 3,000,000 | -500,000 | 2,000,000 | 7,300,000 | -4,500,000 | 29,000,000 | ' | ' | 0 | -100,000 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Intercompany service fees | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 14,100,000 | 12,800,000 | 10,600,000 | -14,100,000 | -12,800,000 | -10,600,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | -409,800,000 | -414,300,000 | -271,200,000 | -276,400,000 | -315,100,000 | -153,600,000 | 0 | 0 | 0 | ' | ' | 686,200,000 | 729,400,000 | 424,800,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Earnings before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 567,900,000 | 565,400,000 | 406,000,000 | 407,700,000 | 411,000,000 | 268,600,000 | 475,500,000 | 451,400,000 | 309,000,000 | 369,500,000 | 434,400,000 | 247,700,000 | ' | ' | -684,800,000 | -731,400,000 | -419,300,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 160,900,000 | 156,500,000 | 144,800,000 | 700,000 | 2,100,000 | 7,400,000 | 81,200,000 | 60,200,000 | 64,600,000 | 77,600,000 | 96,200,000 | 71,100,000 | ' | ' | 1,400,000 | -2,000,000 | 1,700,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net earnings | 77,900,000 | 105,100,000 | 87,200,000 | 84,900,000 | 129,800,000 | 117,000,000 | 70,200,000 | 143,800,000 | 407,000,000 | 408,900,000 | 261,200,000 | 407,000,000 | 408,900,000 | 261,200,000 | 394,300,000 | 391,200,000 | 244,400,000 | 291,900,000 | 338,200,000 | 176,600,000 | ' | ' | -686,200,000 | -729,400,000 | -421,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other comprehensive (loss)/income, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 44,900,000 | -37,100,000 | -23,400,000 | 44,900,000 | -37,100,000 | -23,400,000 | 27,200,000 | -23,500,000 | -20,900,000 | 16,400,000 | -28,000,000 | 28,300,000 | ' | ' | -43,600,000 | 51,500,000 | -7,400,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Total comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | 451,900,000 | 371,800,000 | 237,800,000 | 451,900,000 | 371,800,000 | 237,800,000 | 421,500,000 | 367,700,000 | 223,500,000 | 308,300,000 | 310,200,000 | 204,900,000 | ' | ' | -729,800,000 | -677,900,000 | -428,400,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Current Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash and cash equivalents | ' | 998,300,000 | ' | ' | ' | 718,500,000 | ' | ' | 998,300,000 | 718,500,000 | 471,200,000 | 8,000,000 | 4,000,000 | 0 | 8,400,000 | 9,200,000 | 4,300,000 | 981,900,000 | 705,300,000 | 466,900,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Trade receivables, net | ' | 480,600,000 | [2] | ' | ' | ' | 676,700,000 | [3] | ' | ' | 480,600,000 | [2] | 676,700,000 | [3] | ' | 0 | [2] | 0 | [4] | ' | 11,800,000 | [2] | 4,100,000 | [4] | ' | 468,800,000 | [2] | 672,600,000 | [4] | ' | 221,400,000 | 369,100,000 | 0 | [2] | 0 | [4] | ' | ' | ' | ' | ' | ' | ' | |||
Inventories | ' | 616,300,000 | ' | ' | ' | 672,400,000 | ' | ' | 616,300,000 | 672,400,000 | ' | 0 | 0 | ' | 334,700,000 | 341,400,000 | ' | 312,700,000 | 362,100,000 | ' | ' | ' | -31,100,000 | -31,100,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other current assets | ' | 473,200,000 | ' | ' | ' | 455,000,000 | ' | ' | 473,200,000 | 455,000,000 | ' | 23,500,000 | 400,000 | ' | 270,500,000 | 210,800,000 | ' | 194,700,000 | 232,900,000 | ' | ' | ' | -15,500,000 | 10,900,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Total current assets | ' | 2,568,400,000 | ' | ' | ' | 2,522,600,000 | ' | ' | 2,568,400,000 | 2,522,600,000 | ' | 31,500,000 | 4,400,000 | ' | 625,400,000 | 565,500,000 | ' | 1,958,100,000 | 1,972,900,000 | ' | ' | ' | -46,600,000 | -20,200,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Investment in subsidiaries | ' | 0 | ' | ' | ' | 0 | ' | ' | 0 | 0 | ' | 7,007,500,000 | 6,552,500,000 | ' | 1,920,700,000 | 1,760,800,000 | ' | 0 | 0 | ' | ' | ' | -8,928,200,000 | -8,313,300,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Intercompany receivables, net | ' | 0 | [5] | ' | ' | ' | 0 | [5] | ' | ' | 0 | [5] | 0 | [5] | ' | 0 | [5] | 0 | [6] | ' | 4,258,800,000 | [5] | 4,249,900,000 | [6] | ' | 260,100,000 | [5] | 168,600,000 | [6] | ' | ' | ' | -4,518,900,000 | [5] | -4,418,500,000 | [6] | ' | ' | ' | ' | ' | ' | ' | |||
Intercompany notes receivable | ' | 0 | [5] | ' | ' | ' | 0 | [5] | ' | ' | 0 | [5] | 0 | [5] | ' | 2,180,300,000 | [5] | 2,413,300,000 | [6] | ' | 4,500,000 | [5] | 22,400,000 | [6] | ' | 0 | [5] | 11,000,000 | [6] | ' | ' | ' | -2,184,800,000 | [5] | -2,446,700,000 | [6] | ' | ' | ' | ' | ' | ' | ' | |||
Property, plant and equipment, net | ' | 755,600,000 | ' | ' | ' | 848,500,000 | ' | ' | 755,600,000 | 848,500,000 | ' | 0 | 0 | ' | 474,700,000 | 553,100,000 | ' | 280,900,000 | 295,400,000 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Goodwill | ' | 1,475,800,000 | ' | ' | ' | 1,469,500,000 | ' | ' | 1,475,800,000 | 1,469,500,000 | ' | 0 | 0 | ' | 1,104,900,000 | 1,104,900,000 | ' | 370,900,000 | 364,600,000 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other Intangible assets, net | ' | 1,835,500,000 | ' | ' | ' | 1,853,700,000 | ' | ' | 1,835,500,000 | 1,853,700,000 | ' | 0 | 0 | ' | 1,629,500,000 | 1,646,800,000 | ' | 206,000,000 | 206,900,000 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other noncurrent assets | ' | 82,100,000 | ' | ' | ' | 36,900,000 | ' | ' | 82,100,000 | 36,900,000 | ' | 10,200,000 | 12,400,000 | ' | 13,400,000 | 9,700,000 | ' | 58,500,000 | 14,800,000 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Total assets | ' | 6,717,400,000 | ' | ' | ' | 6,731,200,000 | ' | ' | 6,717,400,000 | 6,731,200,000 | ' | 9,229,500,000 | 8,982,600,000 | ' | 10,031,900,000 | 9,913,100,000 | ' | 3,134,500,000 | 3,034,200,000 | ' | ' | ' | -15,678,500,000 | -15,198,700,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Liabilities [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Current liabilities | ' | 1,153,400,000 | ' | ' | ' | 1,307,500,000 | ' | ' | 1,153,400,000 | 1,307,500,000 | ' | 184,400,000 | 300,000,000 | ' | 421,300,000 | 372,200,000 | ' | 572,500,000 | 635,200,000 | ' | ' | ' | -24,800,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Intercompany payables, net | ' | 0 | [5] | ' | ' | ' | 0 | [5] | ' | ' | 0 | [5] | 0 | [5] | ' | 4,518,900,000 | [5] | 4,418,500,000 | [5] | ' | 0 | [5] | 0 | [5] | ' | 0 | [5] | 0 | [5] | ' | ' | ' | -4,518,900,000 | [5] | -4,418,500,000 | [5] | ' | ' | ' | ' | ' | ' | ' | |||
Intercompany notes payable | ' | 0 | [5] | ' | ' | ' | 0 | [5] | ' | ' | 0 | [5] | 0 | [5] | ' | 0 | [5] | 0 | [5] | ' | 2,180,300,000 | [5] | 2,424,300,000 | [5] | ' | 4,500,000 | [5] | 22,400,000 | [5] | ' | ' | ' | -2,184,800,000 | [5] | -2,446,700,000 | [5] | ' | ' | ' | ' | ' | ' | ' | |||
Long-term debt | ' | 1,998,800,000 | ' | ' | ' | 2,138,600,000 | ' | ' | 1,998,800,000 | 2,138,600,000 | ' | 1,998,800,000 | 2,138,600,000 | ' | 0 | 0 | ' | 0 | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other noncurrent liabilities | ' | 1,111,600,000 | ' | ' | ' | 1,215,600,000 | ' | ' | 1,111,600,000 | 1,215,600,000 | ' | 73,800,000 | 56,000,000 | ' | 839,600,000 | 954,700,000 | ' | 198,200,000 | 204,900,000 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Total liabilities | ' | 4,263,800,000 | ' | ' | ' | 4,661,700,000 | ' | ' | 4,263,800,000 | 4,661,700,000 | ' | 6,775,900,000 | 6,913,100,000 | ' | 3,441,200,000 | 3,751,200,000 | ' | 775,200,000 | 862,500,000 | ' | ' | ' | -6,728,500,000 | -6,865,100,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Shareholders' equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Stockholders' Equity Attributable to Parent | ' | 2,453,600,000 | ' | ' | ' | 2,069,500,000 | ' | ' | 2,453,600,000 | 2,069,500,000 | 2,101,300,000 | 2,453,600,000 | 2,069,500,000 | ' | 6,590,700,000 | 6,161,900,000 | ' | 2,359,300,000 | 2,171,700,000 | ' | ' | ' | -8,950,000,000 | -8,333,600,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Total liabilities and shareholders' equity | ' | 6,717,400,000 | ' | ' | ' | 6,731,200,000 | ' | ' | 6,717,400,000 | 6,731,200,000 | ' | 9,229,500,000 | 8,982,600,000 | ' | 10,031,900,000 | 9,913,100,000 | ' | 3,134,500,000 | 3,034,200,000 | ' | ' | ' | -15,678,500,000 | -15,198,700,000 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash flow from operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net cash flow from operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 750,000,000 | 631,600,000 | 412,500,000 | -14,300,000 | 87,400,000 | 5,500,000 | 317,100,000 | 275,900,000 | 298,300,000 | 569,700,000 | 327,400,000 | 232,800,000 | ' | ' | -122,500,000 | -59,100,000 | -124,100,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash flow from investing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -90,600,000 | -111,000,000 | -98,000,000 | 0 | 0 | 0 | -53,900,000 | -73,400,000 | -55,400,000 | -36,700,000 | -37,600,000 | -42,600,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Proceeds from sale of assets | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | 19,300,000 | 7,600,000 | 0 | 0 | 0 | 0 | 2,000,000 | 5,000,000 | 1,800,000 | 17,300,000 | 2,600,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Acquisition, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -267,100,000 | ' | ' | -301,000,000 | ' | ' | 11,100,000 | ' | ' | 22,800,000 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Proceeds from intercompany notes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 231,500,000 | 441,000,000 | 576,000,000 | 17,600,000 | 2,800,000 | 38,000,000 | 11,000,000 | 0 | 0 | ' | ' | -260,100,000 | -443,800,000 | -614,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Payments for intercompany notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | -498,600,000 | -600,000,000 | ' | 0 | 0 | ' | -5,000,000 | 0 | ' | ' | ' | 503,600,000 | 600,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Intercompany receivable/payable, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | -100,400,000 | -358,400,000 | -355,700,000 | -62,000,000 | -105,000,000 | -35,000,000 | ' | ' | 162,400,000 | 463,400,000 | 390,700,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Proceeds from return of capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 | 0 | ' | 700,000 | 4,000,000 | ' | 0 | 0 | ' | ' | ' | -700,000 | -4,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Payments for equity contributions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | -3,100,000 | -12,800,000 | 0 | 0 | 0 | ' | ' | 500,000 | 3,100,000 | 12,800,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Other, net | ' | ' | ' | ' | ' | ' | ' | ' | -300,000 | -3,200,000 | -6,000,000 | 0 | 0 | 0 | 0 | -1,100,000 | -4,800,000 | -300,000 | -2,100,000 | -1,200,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net cash used by investing activities | ' | ' | ' | ' | ' | ' | ' | ' | -89,100,000 | -94,900,000 | -363,500,000 | 231,500,000 | -57,600,000 | -325,000,000 | -137,200,000 | -430,500,000 | -370,600,000 | -86,200,000 | -132,400,000 | -53,400,000 | ' | ' | -97,200,000 | 525,600,000 | 385,500,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash flow from financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash proceeds from issuance of debt with original maturities greater than 90 days, net of discount | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 498,600,000 | 600,000,000 | ' | 498,600,000 | 600,000,000 | ' | 0 | 0 | ' | 0 | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash payments on debt with original maturities greater than 90 days | ' | ' | ' | ' | ' | ' | ' | ' | -231,500,000 | -441,000,000 | -576,000,000 | -231,500,000 | -441,000,000 | -576,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Payment of debt issue cost | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -4,300,000 | -7,600,000 | ' | -4,300,000 | -7,600,000 | ' | 0 | 0 | ' | 0 | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net (decrease)/increase in debt with original maturities of 90 days or less | ' | ' | ' | ' | ' | ' | ' | ' | -63,900,000 | 100,900,000 | 45,700,000 | 0 | 0 | 0 | -200,000 | -8,100,000 | 15,100,000 | -63,700,000 | 109,000,000 | 30,600,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Proceeds from intercompany notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 | 0 | ' | 503,600,000 | 600,000,000 | ' | 0 | 0 | ' | ' | ' | -503,600,000 | -600,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Payments for intercompany notes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | -242,500,000 | -441,000,000 | -576,000,000 | -17,600,000 | -2,800,000 | -38,000,000 | ' | ' | 260,100,000 | 443,800,000 | 614,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Common stock purchased | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -417,800,000 | -276,000,000 | ' | -417,800,000 | -276,000,000 | ' | 0 | 0 | ' | 0 | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Proceeds from issuance of common stock | ' | ' | ' | ' | ' | ' | ' | ' | 18,200,000 | 3,000,000 | 8,200,000 | 18,200,000 | 3,000,000 | 8,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Excess tax benefits from share-based payments | ' | ' | ' | ' | ' | ' | ' | ' | 5,300,000 | 2,200,000 | 3,700,000 | 5,300,000 | 2,200,000 | 3,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | -105,600,000 | -24,900,000 | 0 | -105,600,000 | -24,900,000 | ' | 0 | 0 | ' | 0 | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||
Intercompany receivable/payable, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 100,400,000 | 358,400,000 | 355,700,000 | 62,000,000 | 105,000,000 | 35,000,000 | 0 | 0 | 0 | ' | ' | -162,400,000 | -463,400,000 | -390,700,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Proceeds for equity contributions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 3,100,000 | 12,800,000 | ' | ' | -500,000 | -3,100,000 | -12,800,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Capital (contribution)/return | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 | 0 | ' | 0 | 0 | ' | -700,000 | -4,000,000 | ' | ' | ' | 700,000 | 4,000,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Payment for intercompany equity distribution | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -122,500,000 | -59,100,000 | -124,100,000 | ' | ' | 122,500,000 | 59,100,000 | 124,100,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net cash used by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | -377,500,000 | -283,300,000 | -202,000,000 | -213,200,000 | -25,800,000 | 108,000,000 | -180,700,000 | 159,500,000 | 74,100,000 | -203,300,000 | 49,500,000 | -122,700,000 | ' | ' | 219,700,000 | -466,500,000 | -261,400,000 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Effect of exchange rate changes on cash | ' | ' | ' | ' | ' | ' | ' | ' | -3,600,000 | -6,100,000 | -5,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | -3,600,000 | -6,100,000 | -5,500,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Net increase/(decrease) in cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | 279,800,000 | 247,300,000 | -158,500,000 | 4,000,000 | 4,000,000 | -211,500,000 | -800,000 | 4,900,000 | 1,800,000 | 276,600,000 | 238,400,000 | 51,200,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash and cash equivalents, beginning of period | ' | ' | ' | ' | 718,500,000 | ' | ' | 471,200,000 | 718,500,000 | 471,200,000 | 629,700,000 | 4,000,000 | 0 | 211,500,000 | 9,200,000 | 4,300,000 | 2,500,000 | 705,300,000 | 466,900,000 | 415,700,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
Cash and cash equivalents, end of period | ' | $998,300,000 | ' | ' | ' | $718,500,000 | ' | ' | $998,300,000 | $718,500,000 | $471,200,000 | $8,000,000 | $4,000,000 | $0 | $8,400,000 | $9,200,000 | $4,300,000 | $981,900,000 | $705,300,000 | $466,900,000 | ' | ' | $0 | $0 | $0 | ' | ' | ' | ' | ' | ' | |||||||||||||||
[1] | Includes net of tax costs of $3.4 for the twelve months ended September 30, 2013, associated with certain information technology and related activities, which are included in SG&A on the Consolidated Statement of Earnings and Comprehensive Income. Additionally, this includes net of tax costs of $3.8, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of certain non-core product lines as a result of our restructuring, which are included in cost of products sold on the Consolidated Statement of Earnings and Comprehensive Income. | |||||||||||||||||||||||||||||||||||||||||||||
[2] | Trade receivables, net for the Non-Guarantors includes approximately $221.4 at September 30, 2013 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | |||||||||||||||||||||||||||||||||||||||||||||
[3] | Trade receivables, net for the Non-Guarantors includes approximately $369.1 at September 30, 2012 of U.S. trade receivables sold from the Guarantors to Energizer Receivables Funding Corp ("ERF"), a 100% owned, special purpose subsidiary, which is a non-guarantor of the Notes. These receivables are used by ERF to securitize the borrowings under the Company's receivable securitization facility. The trade receivables are short-term in nature (on average less than 90 days). As payment of the receivable obligation is received from the customer, ERF remits the cash to the Guarantors in payment for the purchase of the receivables. Cost and expenses paid by ERF related to the receivable securitization facility are re-billed to the Guarantors by way of intercompany services fees. | |||||||||||||||||||||||||||||||||||||||||||||
[4] | Gain/(Loss) recognized in Income was recorded as follows: Share option in Selling, general and administrative expense and foreign currency and commodity contracts in other financing. | |||||||||||||||||||||||||||||||||||||||||||||
[5] | Intercompany activity includes notes that bear interest due from the Guarantors to the Parent Company. Interest rates on these notes approximate the interest rates paid by the Parent on third party debt. Additionally, other intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the parent and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business. | |||||||||||||||||||||||||||||||||||||||||||||
[6] | In September 2012, the Company discontinued hedge accounting treatment for its existing zinc contracts. These contracts no longer meet the accounting requirements for classification as cash flow hedges because of an ineffective correlation to the underlying zinc exposure being hedged. Included in the table above is a gain of $1.6 for the ineffective portion that was de-designated and reclassified from OCI into income at September 30, 2012. |
Subsequent_Events_Details
Subsequent Events (Details) (Members of Johnson and Johnson Family [Member], Subsequent Event [Member], USD $) | 1 Months Ended |
In Millions, unless otherwise specified | Oct. 31, 2013 |
Subsequent Event [Line Items] | ' |
Aggregate purchase price | $185 |
CANADA | ' |
Subsequent Event [Line Items] | ' |
Available foreign cash for assets acquired | 135 |
UNITED STATES | ' |
Subsequent Event [Line Items] | ' |
Available foreign cash for assets acquired | $50 |