v3.26.1
Segments
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
Operations for Energizer are managed via two product segments: Batteries & Lights and Auto Care. The reportable segments were determined in accordance with how our Chief Executive Officer, who is our chief operating decision maker ("CODM"), allocates resources to develop and execute global strategies to drive growth and profitability. Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses (including share-based compensation costs), restructuring and related charges, network transition costs, FY23 & FY24 production credits, litigation matters, acquisition and integration activities, and other items determined to be corporate in nature. Financial items, such as interest income and expense, and loss on extinguishment/modification of debt are managed on a global basis at the corporate level. The exclusion of these costs from segment results reflects management’s view on how it evaluates segment performance. The Company also excludes amortization of intangibles assets from segment profit as this is a non-cash item related to the original purchase of the intangibles and not utilized to evaluate current segment performance.

Energizer’s operating model includes a combination of standalone and shared business functions between the product segments, varying by country and region of the world. Shared functions include the sales and marketing functions, as well as human resources, IT and finance shared service costs. Energizer applies a fully allocated cost basis, in which shared business functions are allocated between segments. Such allocations are estimates, and do not represent the costs of such services if performed on a standalone basis.

Segment sales and profitability for the quarters and nine months ended June 30, 2026 and 2025 are presented below, as well as the reconciliation from Segment profit to Earnings before income taxes:
For the Quarters Ended June 30,
Batteries & Lights Auto CareTotal
202620252026202520262025
Segment Net sales$524.2 $535.1 $209.9 $190.2 $734.1 $725.3 
Segment Cost of products sold301.6 279.3 144.4 121.0 446.0 400.3 
Segment Advertising and promotion expense24.3 23.4 17.4 20.0 41.7 43.4 
Other segment items (1)70.4 73.6 27.4 25.1 97.8 98.7 
Segment profit$127.9 $158.8 $20.7 $24.1 $148.6 $182.9 
Segment Depreciation and amortization$13.5 $13.7 $3.9 $3.5 $17.4 $17.2 

For the Nine Months Ended June 30,
Batteries & Lights Auto CareTotal
202620252026202520262025
Segment Net sales$1,682.6 $1,655.5 $473.7 $464.4 $2,156.3 $2,119.9 
Segment Cost of products sold991.5 943.8 318.9 287.7 1,310.4 1,231.5 
Segment Advertising and promotion expense80.1 85.1 29.8 32.5 109.9 117.6 
Other segment items (1)243.7 236.2 66.6 64.4 310.3 300.6 
Segment profit$367.3 $390.4 $58.4 $79.8 $425.7 $470.2 
Segment Depreciation and amortization$43.2 $40.6 $10.4 $9.9 $53.6 $50.5 
(1) The significant expense categories, COGS and advertising and promotion expense, align with the segment-level information that is regularly provided to the CODM. Other segment items includes Research & development and segment SG&A.
Reconciliation of Segment profit to Earnings before income taxes:
Quarters Ended June 30,Nine Months Ended June 30,
2026202520262025
Segment profit$148.6 $182.9 $425.7 $470.2 
General corporate & other expenses (1)(31.7)(33.1)(94.9)(91.0)
Restructuring and related costs (2)(14.4)(8.0)(76.8)(45.9)
Network transition costs (3)— (0.9)— (17.6)
FY23 & FY24 production credits (4)— 78.5 — 78.5 
Acquisition and integration costs (5)(0.3)(1.3)(2.4)(4.8)
Litigation matter (6)— 1.7 — 1.7 
Amortization of intangible assets(12.5)(14.7)(39.0)(44.1)
Interest expense(39.7)(39.0)(118.1)(114.0)
Loss on extinguishment/modification of debt — — (0.9)(5.3)
Settlement loss on U.K pension plan termination (7)(0.2)— (26.3)— 
Other items - Adjusted (8)— (1.9)(0.6)3.0 
Total earnings before income taxes$49.8 $164.2 $66.7 $230.7 
(1) Recorded in SG&A on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(2) Restructuring and related costs were included in the following lines in the Consolidated (Condensed) Statement of Earnings and Comprehensive Income:
For the Quarters Ended June 30,For the Nine Months Ended June 30,
Restructuring and related costs2026202520262025
Cost of products sold - Restructuring$3.7 $2.9 $35.0 $21.0 
Cost of products sold - U.S. operating efficiency project3.8 — 14.9 — 
SG&A - Restructuring costs6.9 3.4 26.9 12.0 
SG&A - IT Enablement— 1.7 — 13.2 
Other items, net— — — (0.3)
Total Restructuring and related costs$14.4 $8.0 $76.8 $45.9 

(3) This represents incremental network transition costs, primarily related to freight and third-party packaging support, to maintain business continuity and service our customers as the Company decommissions certain facilities and relocates production and packaging lines as part of Project Momentum. These costs were recorded in COGS on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(4) This represents the Advanced Manufacturing Production Credit ("production credits") the Company claimed for FY23 & FY24 production. The Company received reasonable assurance to claim these credits during the third quarter of fiscal 2025 and recorded the full impact of these credits retroactive to January 1, 2023 in Cost of products sold on the Consolidated (Condensed) Statement of Earnings.
(5) Acquisition and integration costs were included in SG&A in the Consolidated (Condensed) Statement of Earnings and Comprehensive
Income.
(6) Litigation matter relates to an accrual adjustment recorded in SG&A on the Consolidated (Condensed) Statement of Earnings.
(7) During the nine months ended June 30, 2026, the Company terminated the U.K. pension plan and recorded a non-cash loss on the termination of the plan within Other items, Net.
(8) Below is the reconciliation of Other items, net as reflected on the Consolidated (Condensed) Statement of Earnings to the adjusted amount included in the table above:
For the Quarters Ended June 30,For the Nine Months Ended June 30,
2026202520262025
Other items, net$0.2 $1.9 $26.9 $(3.3)
Less: Settlement loss on U.K. Pension plan termination (7 above)0.2 — 26.3 — 
Less: Restructuring and related costs (2 above)— — — (0.3)
Other items - Adjusted$— $1.9 $0.6 $(3.0)

Corporate assets shown in the following table include cash, all financial instruments, pension assets, amounts indemnified by others per the purchase agreements and tax asset balances that are managed outside of operating segments.

Total AssetsJune 30, 2026September 30, 2025
Batteries & Lights$1,636.6 $1,631.0 
Auto Care373.3 382.3 
Total segment assets$2,009.9 $2,013.3 
Corporate440.9 486.7 
Goodwill and other intangible assets2,015.2 2,056.7 
Total assets$4,466.0 $4,556.7 

Long-lived assets by country as of June 30, 2026 and September 30, 2025 are as follows:
Long-Lived AssetsJune 30, 2026September 30, 2025
United States$612.6 $589.7 
Singapore62.5 41.8 
Indonesia36.1 39.2 
United Kingdom47.0 54.0 
Other International92.8 96.2 
Total long-lived assets excluding goodwill and intangibles$851.0 $820.9 

Capital expenditures by segment for the quarters and nine months ended June 30, 2026 and 2025 are as follows:
For the Quarters Ended June 30,For the Nine Months Ended June 30,
Capital Expenditures2026202520262025
Batteries & Lights
$8.5 $12.6 $50.6 $66.5 
Auto Care0.6 0.9 1.5 2.6 
Total segment capital expenditures$9.1 $13.5 $52.1 $69.1 

Geographic segment information for the quarters and nine months ended June 30, 2026 and 2025 are as follows:
For the Quarters Ended June 30,For the Nine Months Ended June 30,
Net Sales to Customers2026202520262025
United States$445.2 $429.6 $1,192.6 $1,222.8 
International288.9 295.7 963.7 897.1 
Total net sales$734.1 $725.3 $2,156.3 $2,119.9