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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
The following tables present the benefit obligation, plan assets and funded status of the plans:
September 30,
Pension Postretirement
2013 2012 2013 2012
Change in Projected Benefit Obligation
Benefit obligation at beginning of year $ 1,396.9 $ 1,261.5 $ 39.7 $ 50.5
Service cost 27.1 26.7 0.4 0.5
Interest cost 48.5 55.8 1.4 2.3
Plan participants' contributions 0.3 0.4 2.8 5.6
Actuarial loss/(gain) (68.5)124.1 (0.2)(2.9)
Benefits paid, net (87.4)(71.7)(5.8)(8.1)
Plan amendments ——(3.3)(8.9)
Plan curtailments (6.0)—(25.2)—
Plan settlements (6.4)———
Foreign currency exchange rate changes 3.8 0.1 (0.4)0.7
Projected Benefit Obligation at end of year $ 1,308.3 $ 1,396.9 $ 9.4 $ 39.7
Change in Plan Assets
Estimated fair value of plan assets at beginning of year $ 937.2 $ 815.0 $ 0.4 $ 0.7
Actual return on plan assets 103.9 125.9 ——
Company contributions 66.1 63.2 2.6 2.2
Plan participants' contributions 0.3 0.4 2.8 5.6
Plan settlements (6.4)———
Benefits paid (87.4)(71.7)(5.8)(8.1)
Foreign currency exchange rate changes (1.4)4.4 ——
Estimated fair value of plan assets at end of year $ 1,012.3 $ 937.2 $—
$ 0.4
Funded status at end of year $(296.0)$(459.7)$(9.4)$(39.3)
The following table presents the amounts recognized in the Consolidated Balance Sheets and Consolidated Statements of
Shareholders’ Equity.
September 30,
Pension Postretirement
2013 2012 2013 2012
Amounts Recognized in the Consolidated
Balance Sheets
Noncurrent assets $ 13.6 $ 3.8 $—
$—
Current liabilities (6.6)(7.9)(1.7)(2.4)
Noncurrent liabilities (303.0)(455.6)(7.7)(36.9)
Net amount recognized $(296.0)$(459.7)$(9.4)$(39.3)
Amounts Recognized in Accumulated Other
Comprehensive Loss
Net loss/(gain) $ 269.5 $ 411.4 $(2.2)$(24.9)
Prior service cost/(credit) 0.5 (37.1)0.1 (26.5)
Net amount recognized, pre-tax $ 270.0 $ 374.3 $(2.1)$(51.4)
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