Energizer 2012 Annual Report Download - page 92

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share and percentage data)
approximately $13.5 million. As a result of the jury verdict, the Company recorded an accrual of $13.5 million as of June 30,
2012. In September 2012, the court ordered a new trial with respect to the claims on which the jury awarded damages, which
set aside the previous jury verdict. Based on this development and our current assessment of the matter, the Company reversed
the previously established litigation reserve.
In October 2012, after receiving five reports from consumers, the Company announced a voluntary market withdrawal of
certain continuous spray Banana Boat sun care products due to a potential risk of product igniting on the skin if contact was
made with a source of ignition before the product was completely dry. The Company is voluntarily removing these products
from retail outlets because of this potential safety concern. The Company has provided for the costs associated with the
voluntary withdrawal in its fiscal 2012 financial statements, and is unable to determine with any degree of certainty what, if
any, other liabilities may arise.
(15) Other Commitments and Contingencies
Total rental expense less sublease rental income for all operating leases was $30.8, $32.6 and $30.5 in fiscal 2012, 2011 and
2010, respectively. Future minimum rental commitments under noncancellable operating leases in effect as of September 30,
2012, were $26.8 in fiscal 2013, $20.0 in fiscal 2014, $16.4 in fiscal 2015, $14.0 in fiscal 2016, $11.9 in fiscal 2017 and $38.1
thereafter. These leases are primarily for office facilities.
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