Energizer 2010 Annual Report Download - page 108

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Exhibit 13
ENERGIZER HOLDINGS, INC.
(Dollars in millions, except per share and percentage data)
98
The following table provides fair values as of September 30, 2010 and 2009, 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, 2010 and 2009, respectively.
At September 30, 2010
Gain/(Loss)
Gain/(Loss) Reclassified From
Derivatives designated as Fair Value Recognized OCI into Income
Cash Flow Hedging Relationships Asset (Liability) (1) (2) in OCI (3) (Effective Portion) (4) (5)
Foreign currency contracts (16.8)$ (12.3)$ (10.8)$
Commodity contracts (6) 1.0 1.4 7.3
Interest rate contracts (7.8) (11.2) -
Total (23.6)$ (22.1)$ (3.5)$
At September 30, 2009
Gain/(Loss)
Gain/(Loss) Reclassified From
Derivatives designated as Fair Value Recognized OCI into Income
Cash Flow Hedging Relationships Asset (Liability) (1) (2) in OCI (3) (Effective Portion) (4) (5)
Foreign currency contracts (15.3)$ (16.8)$ (1.5)$
Commodity contracts 6.1 2.1 (20.6)
Interest rate contracts 3.4 3.4 -
Total (5.8)$ (11.3)$ (22.1)$
(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.
months ended September 30, 2010.
(6) At September 30, 2010, $0.8 of losses associated with the Company's commodity contracts were capitalized to AOCI. The
loss will be reclass ified from AOCI into incom e as a result of inventory being sold.
September 30, 2009
For Twelve Months Ended
September 30, 2010
For Twelve Months Ended
(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 recognized in income was insignificant to the twelve
(4) Gain/(Loss) reclassified to Income was recorded as follows: Foreign currency contracts in other financing, commodity
contracts in Cost of products sold.