Rayovac 2015 Annual Report Download - page 140
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SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
The following table summarizes the impact of the effective and ineffective portions of cash flow hedges and
the gain (loss) recognized in the Consolidated Statement of Operations for the years ended September 30, 2015,
2014 and 2013:
Effective Portion
Gain (Loss)
in OCI
Reclassified to Earnings Ineffective portion
For the year ended September 30, 2015 Line Item Gain (Loss) Line Item Gain (Loss)
(in millions)
Interest rate swaps .................. $ (3.4) Interest expense $ (1.9) Interest expense $ —
Commodity swaps .................. (7.2) Cost of goods sold (0.7) Cost of goods sold —
Foreign exchange contracts ........... 0.1 Netsales 0.1 Net sales —
Foreign exchange contracts ........... 21.8 Cost of goods sold 30.0 Cost of goods sold —
Total ...................... $11.3 $27.5 $—
Effective Portion
Gain (Loss)
in OCI
Reclassified to Earnings Ineffective portion
For the year ended September 30, 2014 Line Item Gain (Loss) Line Item Gain (Loss)
(in millions)
Interest rate swaps .................. $ (1.6) Interest expense $ (0.9) Interest expense $ —
Commodity swaps .................. 1.9 Cost of goods sold 0.8 Cost of goods sold —
Foreign exchange contracts ........... 0.1 Netsales 0.2 Net sales —
Foreign exchange contracts ........... 12.7 Cost of goods sold (2.6) Cost of goods sold —
Total ...................... $13.1 $ (2.5) $—
Effective Portion
Gain (Loss)
in OCI
Reclassified to Earnings Ineffective portion
For the year ended September 30, 2013 Line Item Gain (Loss) Line Item Gain (Loss)
(in millions)
Commodity swaps .................. $ (2.6) Cost of goods sold $ (0.6) Cost of goods sold $ —
Foreign exchange contracts ........... 0.9 Netsales 0.9 Net sales —
Foreign exchange contracts ........... (0.3) Cost of goods sold 0.6 Cost of goods sold —
Total ...................... $(2.0) $ 0.9 $—
The unrealized loss on derivative contracts in Accumulated Other Comprehensive Loss expected to be
recognized during the year ended September 30, 2016 is $2.8 million.
The following table summarizes the gain (loss) associated with derivative contracts not designated at hedges
in the Consolidated Statements of Operations for the years ended September 30, 2015, 2014 and 2013.
Line Item 2015 2014 2013
(in millions)
Commodity swaps ............................ Cost of goods sold $(0.1) $(0.1) $(0.1)
Foreign exchange contracts ..................... Other expense, net $(2.5) $ 3.1 (3.6)
Total ................................... $(2.6) $ 3.0 $(3.7)
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