Segments

Operations for Energizer are managed via three major geographic reportable segments: Americas (North America and Latin America), Europe, Middle East and Africa (EMEA), and Asia Pacific.

Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses, share-based compensation costs, costs associated with restructuring initiatives, acquisition and integration activities, amortization costs, business realignment activities, research & development costs and other items determined to be corporate in nature. Financial items, such as interest income and expense, are managed on a global basis at the corporate level. The exclusion of substantially all acquisition, integration, restructuring and realignment costs from segment results reflects management’s view on how it evaluates segment performance.

Energizer’s operating model includes a combination of standalone and shared business functions between the geographic segments, varying by country and region of the world. Shared functions include, but are not limited to, IT, procurement and finance. Energizer applies a fully allocated cost basis, in which shared business functions are allocated between segments. Such allocations are estimates, and do not represent the costs of such services if performed on a standalone basis.

Segment sales and profitability for the quarter ended December 31, 2017 and 2016, respectively, are presented below:



	For the Quarter Ended December 31,
	2017			2016
Net Sales
Americas	$	373.1		$	365.1
EMEA	117.6			114.7
Asia Pacific	82.6			79.8
Total net sales	$	573.3		$	559.6
Segment Profit
Americas	$	123.1		$	123.1
EMEA	25.5			26.1
Asia Pacific	23.7			24.7
Total segment profit	172.3			173.9
General corporate and other expenses (1) (2)	(21.6		)	(17.2		)
Global marketing expense (1)	(3.2		)	(3.0		)
Research and development expense	(5.3		)	(5.8		)
Amortization of intangible assets	(2.8		)	(2.6		)
Acquisition and integration costs (1)	(5.7		)	(0.8		)
Spin restructuring	—			1.3
Interest expense	(13.4		)	(13.3		)
Other items, net (2)	(1.3		)	1.6
Total earnings before income taxes	$	119.0		$	134.1

(1) Included in SG&A in the unaudited Consolidated Condensed Statement of Earnings and Comprehensive Income.

(2) As a result of the adoption of ASU 2017-07 in the current quarter, a $3.1 benefit was reclassified from SG&A to Other items, net for the quarter ended December 31, 2016.

Supplemental product information is presented below for revenues from external customers:



	For the Quarter Ended December 31,
Net Sales	2017		2016
Batteries	$	524.5	$	503.1
Other	48.8		56.5
Total net sales	$	573.3	$	559.6

Corporate assets shown in the following table include all financial instruments, deferred tax assets and deferred charges that are managed outside of operating segments. Total assets by segment are presented below:



	December 31, 2017		September 30, 2017
Americas	$	510.0	$	533.9
EMEA	246.3		240.3
Asia Pacific	489.8		457.9
Total segment assets	$	1,246.1	$	1,232.1
Corporate	67.0		137.7
Goodwill and other intangible assets	451.0		453.8
Total assets	$	1,764.1	$	1,823.6