Energizer 2015 Annual Report Download - page 64

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
60
(8) Income Taxes
The provisions for income taxes consisted of the following for the twelve months ended September 30,:
2015 2014 2013
Currently payable:
United States - Federal $(20.6)$ 15.0 $ 22.3
State (1.4)0.8 1.4
Foreign 32.4 36.5 36.2
Total current 10.4 52.3 59.9
Deferred:
United States - Federal (3.5)4.3 (10.4)
State (0.2)0.4 (1.2)
Foreign (3.4)0.9 (1.2)
Total deferred (7.1)5.6 (12.8)
Provision for income taxes $ 3.3 $ 57.9 $ 47.1
The source of pre-tax (loss)/earnings for the twelve months ended September 30 was:
2015 2014 2013
United States $(144.5)$ 33.6 $ 16.7
Foreign 143.8 181.6 145.3
Pre-tax (loss)/earnings $(0.7)$ 215.2 $ 162.0
A reconciliation of income taxes with the amounts computed at the statutory federal income tax rate follows:
2015 2014 2013
Computed tax at federal statutory rate $ (0.3) 35.0% $ 75.3 35.0% $ 56.7 35.0%
State income taxes, net of federal tax benefit (1.6) N/M 0.8 0.4 0.1 0.1
Foreign tax less than the federal rate (20.8) N/M (26.1) (12.1) (15.8) (9.8)
Other taxes including repatriation of foreign earnings 2.2 N/M 7.3 3.4 9.8 6.1
Nontaxable share option — N/M (2.5) (1.2) (3.4) (2.1)
Nondeductible spin costs 2.0 N/M 3.0 1.4 — —
Deconsolidation of Venezuela operations 22.8 N/M — — — —
Other, net (1.0) N/M 0.1 — (0.3) (0.2)
Total $ 3.3 455.1% $ 57.9 26.9% $ 47.1 29.1%
N/M - The percentage rate reconciliation of income taxes is not meaningful.