v3.25.4
Segments
 3 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segments Segments
Operations for Energizer are managed via two product segments: Batteries & Lights and Auto Care. The reportable segments were determined in accordance with how our Chief Executive Officer, who is our chief operating decision maker ("CODM"), allocates resources to develop and execute global strategies to drive growth and profitability. Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses (including share-based compensation costs), restructuring and related charges, network transition costs, acquisition and integration activities, and other items determined to be corporate in nature. Financial items, such as interest income and expense, and loss on extinguishment/modification of debt are managed on a global basis at the corporate level. The exclusion of these costs from segment results reflects management’s view on how it evaluates segment performance. The Company also excludes amortization of intangibles assets from segment profit as this is a non-cash item related to the original purchase of the intangibles and not utilized to evaluate current segment performance.

Energizer’s operating model includes a combination of standalone and shared business functions between the product segments, varying by country and region of the world. Shared functions include the sales and marketing functions, as well as human resources, IT and finance shared service costs. 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, 2025 and 2024 are presented below, as well as the reconciliation from segment profit to (Loss)/earnings before income taxes:

For the Quarters Ended December 31,
Batteries & Lights Auto CareTotal
202520242025202420252024
Segment Net sales$685.2 $632.4 $93.7 $99.3 $778.9 $731.7 
Segment Cost of products sold441.8 380.2 65.2 58.5 507.0 438.7 
Segment Advertising and promotion expense43.6 47.4 5.6 6.0 49.2 53.4 
Other segment items (1)94.1 85.5 13.8 14.3 107.9 99.8 
Segment profit$105.7 $119.3 $9.1 $20.5 $114.8 $139.8 
Segment Depreciation and amortization$14.7 $14.3 $2.9 $2.8 $17.6 $17.1 
(1) The significant expense categories, COGS and advertising and promotion expense, align with the segment-level information that is regularly provided to the Chief Operating Decision Maker (CODM). Other segment items includes Research & development and segment SG&A.
Reconciliation of Total segment profit to (Loss)/earnings before income taxes:
 Quarters Ended December 31,
 20252024
Total segment profit$114.8 $139.8 
General corporate & other expenses (1)(33.1)(27.4)
Restructuring and related costs (2)(30.9)(20.3)
Network transition costs (3)— (14.0)
Acquisition and integration costs (4)(0.5)(1.2)
Amortization of intangible assets(14.0)(14.7)
Interest expense(39.1)(37.0)
Loss on extinguishment/modification of debt(0.9)(0.1)
Other items, net(1.1)5.0 
Total (loss)/earnings before income taxes$(4.8)$30.1 
(1) Recorded in SG&A on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(2) Restructuring and related costs were included in the following lines in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income:
For the Quarters Ended December 31,
Restructuring and related costs20252024
Cost of products sold - Restructuring$9.2 $9.4 
Cost of products sold - U.S. operating efficiency project6.1— 
SG&A - Restructuring costs15.64.8 
SG&A - IT Enablement— 6.1 
Total Restructuring and related costs$30.9 $20.3 

(3) This represents incremental network transition costs, primarily related to freight and third-party packaging support, to maintain business continuity and service our customers as the Company decommissions certain facilities and relocates production and packaging lines as part of Project Momentum. These costs were recorded in COGS on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(4) Acquisition and integration costs were included in SG&A in the Consolidated (Condensed) Statement of Earnings and Comprehensive
Income.

Corporate assets shown in the following table include cash, all financial instruments, pension assets, amounts indemnified by others per the purchase agreements and tax asset balances that are managed outside of operating segments.

Total AssetsDecember 31, 2025September 30, 2025
Batteries & Lights$1,583.5 $1,631.0 
Auto Care356.3 382.3 
Total segment assets$1,939.8 $2,013.3 
Corporate460.9 486.7 
Goodwill and other intangible assets2,042.9 2,056.7 
Total assets$4,443.6 $4,556.7 

Long-lived assets by country as of December 31, 2025 and September 30, 2025 are as follows:
Long-Lived AssetsDecember 31, 2025September 30, 2025
United States$576.0 $589.7 
Singapore65.4 41.8 
Indonesia38.1 39.2 
United Kingdom51.9 54.0 
Other International106.8 96.2 
Total long-lived assets excluding goodwill and intangibles$838.2 $820.9 

Capital expenditures by segment for the quarters ended December 31, 2025 and 2024 are as follows:
For the Quarter Ended
December 31,
Capital Expenditures20252024
Batteries & Lights
$25.1 $34.0 
Auto Care0.2 0.6 
Total segment capital expenditures$25.3 $34.6 
Geographic segment information for the quarters ended December 31, 2025 and 2024 are as follows:
For the Quarter Ended
December 31,
Net Sales to Customers20252024
United States$376.7 $401.4 
International402.2 330.3 
Total net sales$778.9 $731.7