Energizer 2015 Annual Report Download - page 31

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27
In the second fiscal quarter of 2015, Edgewell recorded a one-time charge of $144.5 as a result of
deconsolidating their Venezuelan subsidiaries, which had no accompanying tax benefit. Energizer was allocated $65.2 of
this one-time charge. The Venezuela deconsolidation charge was reported on a separate line in the Consolidated
Statements of Earnings and Comprehensive Income. Net sales and segment profit recognized prior to the deconsolidation,
through the second quarter of fiscal 2015, are $8.5 and $2.5, respectively. Included within Energizer's fiscal year 2014
results for Venezuela are net sales of $25.8 and segment profit of $13.1. See “Financial Results” for further discussion.
EMEA. The EMEA segment accounts for approximately 23% of global sales and 15% of segment profit in fiscal
year 2015. Premium and performance alkaline, as well as rechargeable battery penetration is high across many European
markets, while carbon zinc represents the majority of the category volume in our Middle East and Africa markets. The
Energizer and Eveready brands allow us to compete effectively across this diverse set of markets offering consumers and
retailers a portfolio of products under a premium brand and a price brand.
The demand for private label batteries remains high in certain European markets, primarily Germany, France and
Spain.
Asia Pacific. The Asia Pacific segment accounts for approximately 19% of global sales and 20% of segment
profit in fiscal year 2015.
The Energizer and Eveready dual brand strength provides critical mass and category leadership in certain Asia
Pacific markets as we are able to offer retailers and consumers a full portfolio of products both under a premium brand
and a price brand.
We use the Energizer name and logo as our trademark as well as those of our subsidiaries. Product names
appearing throughout are trademarks of Energizer. This Management’s Discussion and Analysis of Financial Condition
and Results of Operations also may refer to brand names, trademarks, service marks and trade names of other companies
and organizations, and these brand names, trademarks, service marks and trade names are the property of their respective
owners.