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Segments | 9 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segments | Segments Operations for Energizer are managed via two major geographic reportable segments: Americas and International. Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses, share-based compensation costs, acquisition and integration activities, amortization costs, 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 and integration 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 and nine months ended June 30, 2019 and 2018, respectively, are presented below:
| For the Quarter Ended June 30, |  | For the Nine Months Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net Sales |  |  |  |  |  |  |
Americas | $ | 465.1 |  |  | $ | 241.3 |  |  | $ | 1,220.2 |  |  | $ | 838.5 |
International | 182.1 |  |  | 151.5 |  |  | 555.3 |  |  | 502.0 |
Total net sales | $ | 647.2 |  |  | $ | 392.8 |  |  | $ | 1,775.5 |  |  | $ | 1,340.5 |
Segment Profit |  |  |  |  |  |  |
Americas | $ | 103.8 |  |  | $ | 60.4 |  |  | $ | 308.6 |  |  | $ | 239.2 |
International | 41.0 |  |  | 32.6 |  |  | 132.0 |  |  | 115.9 |
Total segment profit | 144.8 |  |  | 93.0 |  |  | 440.6 |  |  | 355.1 |
General corporate and other expenses (1) | (29.9 | ) |  | (24.7 | ) |  | (78.3 | ) |  | (71.0 | )
Global marketing expense (2) | (3.0 | ) |  | (4.6 | ) |  | (12.5 | ) |  | (13.0 | )
Research and development expense (3) | (9.2 | ) |  | (5.2 | ) |  | (23.4 | ) |  | (15.9 | )
Amortization of intangible assets | (14.4 | ) |  | (2.8 | ) |  | (30.1 | ) |  | (8.4 | )
Acquisition and integration costs (4) | (28.0 | ) |  | (15.9 | ) |  | (159.9 | ) |  | (41.0 | )
Gain on sale of real estate | — |  |  | 4.6 |  |  | — |  |  | 4.6 |
Interest expense (5) | (51.9 | ) |  | (14.3 | ) |  | (111.7 | ) |  | (41.3 | )
Other items, net (6) | 1.0 |  |  | 1.4 |  |  | 0.7 |  |  | (0.8 | )
Total earnings before income taxes | $ | 9.4 |  |  | $ | 31.5 |  |  | $ | 25.4 |  |  | $ | 168.3 |
(1) Included in SG&A in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income. (2) The quarter and nine months ended June 30, 2019 includes $0.6 and $4.0 recorded in SG&A, respectively, and $2.4 and $8.5 recorded in Advertising and sales promotion expense, respectively, in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income. The quarter and nine months ended June 30, 2018 includes $1.6 and $3.4 recorded in SG&A, respectively, and $3.0 and $9.6 recorded in Advertising and sales promotion expense, respectively, in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income. (3) Research and development expense for the quarter and nine months ended June 30, 2019 on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income includes $0.3 which has been reclassified to Acquisition and integration costs for purposes of the reconciliation above. (4) Acquisition and integration costs were included in the following lines in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income:
| For the Quarter Ended June 30, |  | For the Nine Months Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Cost of products sold | $ | 12.4 |  |  | $ | — |  |  | $ | 44.1 |  |  | $ | — |
Selling, general and administrative expense | 15.1 |  |  | 22.4 |  |  | 63.1 |  |  | 44.6 |
Research and development expense | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Interest expense | — |  |  | 3.4 |  |  | 65.6 |  |  | 6.3 |
Other items, net | 0.2 |  |  | (9.9 | ) |  | (13.2 | ) |  | (9.9 | )
Total acquisition and integration costs | $ | 28.0 |  |  | $ | 15.9 |  |  | $ | 159.9 |  |  | $ | 41.0 |
(5) Interest expense on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income for the nine months ended June 30, 2019 includes $65.6 and for the quarter and nine months ended June 30, 2018 includes $3.4 and $6.3, respectively, of acquisition commitment fees, debt ticking fees, and interest on escrowed debt which has been reclassified to Acquisition and integration costs for purposes of the reconciliation above. (6) The amounts for the quarter and nine months ended June 30, 2019 on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income includes a loss of $0.2 and a gain of $13.2, respectively, which have been reclassified for purposes of the reconciliation above. The amounts for the quarter and nine months ended June 30, 2018 on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income included a gain of $9.9 on acquisition foreign currency contracts. Corporate assets shown in the following table include all restricted cash related to the Battery Acquisition, financial instruments and deferred tax assets that are managed outside of operating segments. Total assets by segment are presented below:
| June 30, 2019 |  | September 30, 2018
Americas | $ | 982.1 |  |  | $ | 504.2 |
International | 659.3 |  |  | 851.5 |
Total segment assets | $ | 1,641.4 |  |  | $ | 1,355.7 |
Corporate | 144.1 |  |  | 1,346.3 |
Goodwill and other intangible assets | 2,984.6 |  |  | 476.8 |
Assets held for sale | 807.6 |  |  | — |
Total assets | $ | 5,577.7 |  |  | $ | 3,178.8 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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