Energizer 2014 Annual Report Download - page 88

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
The following table provides estimated fair values as of September 30, 2014 and 2013, 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, 2014 and 2013,
respectively.
At September 30, 2014 For the Year Ended September 30, 2014
Derivatives designated as Cash Flow Hedging
Relationships
Estimated Fair Value Asset
(Liability) (1) (2)
Pre-Tax Gain/(Loss)
Recognized in OCI(3)
Pre-Tax Gain/(Loss)
Reclassified From OCI into
Income (Effective Portion)
(4) (5)
Foreign currency contracts $ 14.5 $ 17.7 $ 4.7
Total $ 14.5 $ 17.7 $ 4.7
At September 30, 2013 For the Year Ended September 30, 2013
Derivatives designated as Cash Flow Hedging
Relationships
Estimated Fair Value Asset
(Liability) (1) (2)
Gain/(Loss) Recognized in
OCI(3)
Gain/(Loss)
Reclassified From OCI into
Income (Effective Portion)
(4) (5)
Foreign currency contracts $ 1.5 $ 18.1 $ 10.7
Interest rate contracts — — (0.3)
Total $ 1.5 $ 18.1 $ 10.4
(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.
(4) Gain/(Loss) reclassified to Income was recorded as follows: Foreign currency contracts and other financing items, net.
(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.
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