Energizer 2014 Annual Report Download - page 91

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
Accrued environmental costs at September 30, 2014 were $16.9, of which $3.2 is expected to be spent in fiscal 2015. It is
difficult to quantify with certainty the cost of environmental matters, particularly remediation and future capital expenditures
for environmental control equipment. Total environmental capital expenditures and operating expenses are not expected to
have a material effect on our total capital and operating expenditures, consolidated earnings or competitive position. However,
current environmental spending estimates could be modified as a result of changes in our plans or our understanding of
underlying facts, changes in legal requirements, including any requirements related to global climate change, or other factors.
Certain of the Company’s products are subject to regulation by the United States Food and Drug Administration (FDA),
including feminine care and sun care products.
Legal Proceedings – The Company and its subsidiaries are parties to a number of legal proceedings in various jurisdictions
arising out of the operations of the Company's businesses. Many of these legal matters are in preliminary stages and involve
complex issues of law and fact, and may proceed for protracted periods of time. The amount of liability, if any, from these
proceedings cannot be determined with certainty. However, based upon present information, the Company believes that its
liability, if any, arising from such pending legal proceedings, asserted legal claims and known potential legal claims which are
likely to be asserted, are not reasonably likely to be material to the Company's financial position, results of operations, or cash
flows, taking into account established accruals for estimated liabilities.
(18) Other Commitments and Contingencies
Total rental expense less sublease rental income for all operating leases was $29.2, $29.4 and $30.8 in fiscal 2014, 2013 and
2012, respectively. Future minimum rental commitments under non-cancellable operating leases in effect as of September 30,
2014, were $28.9 in fiscal 2015, $22.7 in fiscal 2016, $18.4 in fiscal 2017, $15.1 in fiscal 2018, $14.3 in fiscal 2019 and $29.9
thereafter. These leases are primarily for office facilities.
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