Energizer 2011 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2011 Energizer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share and percentage data)
Amounts Recognized in the Consolidated
Balance Sheets
Noncurrent assets
Current liabilities
Noncurrent liabilities
Net amount recognized
Amounts Recognized in Accumulated Other
Comprehensive Loss
Net loss/(gain)
Prior service credit
Transition obligation
Net amount recognized, pre-tax
September 30,
Pension
2011
$ 1.2
(7.0)
(440.7)
$(446.5)
$ 371.2
(42.7)
0.1
$ 328.6
2010
$—
(6.4)
(287.7)
$(294.1)
$ 325.4
(47.8)
0.9
$ 278.5
Postretirement
2011
$—
(2.6)
(47.2)
$(49.8)
$(24.1)
(20.3)
—
$(44.4)
2010
$—
(2.1)
(41.3)
$(43.4)
$(19.1)
(23.0)
—
$(42.1)
Changes recognized in other comprehensive income for the year ended September 30, 2011 are as follows:
Changes in plan assets and benefit obligations
recognized in other comprehensive loss
Net loss arising during the year
Effect of exchange rates
Transfer out for foreign plans deemed immaterial
Amounts recognized as a component of
net periodic benefit cost
Amortization, settlement or curtailment recognition of
net transition obligation
Amortization or curtailment recognition of prior service credit
Amortization or settlement recognition of net loss/gain
Total recognized in other comprehensive income
Pension
$ 66.9
2.6
(4.2)
(1.1)
5.6
(19.7)
$ 50.1
Post-
Retirement
$(6.2)
—
—
—
2.7
1.2
$(2.3)
The Company expects to contribute $65.7 to its pension plans and $2.7 to its postretirement plans in fiscal 2012.
The Company’s expected future benefit payments are as follows:
For The Years Ending September 30,
2012
2013
2014
2015
2016
2017 to 2021
Pension
$ 86.4
76.2
79.1
84.1
86.0
454.3
Post-
Retirement
$ 3.4
3.3
3.3
3.2
3.2
14.6
The accumulated benefit obligation for defined benefit pension plans was $1,235.3 and $986.7 at September 30, 2011 and
2010, respectively. The following table shows pension plans with an accumulated benefit obligation in excess of plan assets at
68