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Financial Instruments and Risk Management (Tables)
 12 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table provides the Company's estimated fair values as of September 30, 2018 and 2017, and the amounts of gains and losses on derivative instruments classified as cash flow hedges as of and for the twelve months ended September 30, 2018 and 2017, respectively:
 
 
At September 30, 2018
 
For the Year Ended September 30, 2018
Derivatives designated as Cash Flow Hedging Relationships
 
Estimated Fair Value Asset (1)
 
Gain Recognized in OCI (2)
 
Loss Reclassified
From OCI into Income (Effective Portion) (3) (4)
Foreign currency contracts
 
$
4.3

 
$
6.3

 
$
(3.8
)
Interest rate contracts
 
7.7

 
8.4

 
(0.9
)
Total
 
$
12.0

 
$
14.7

 
$
(4.7
)
 
 
At September 30, 2017
 
For the Year Ended September 30, 2017
Derivatives designated as Cash Flow Hedging Relationships
 
Estimated Fair Value Liability (1)
 
(Loss)/Gain Recognized in OCI (2)
 
Gain/(Loss) Reclassified
From OCI into Income
(Effective Portion) (3) (4)
Foreign currency contracts
 
$
(5.8
)
 
$
(4.3
)
 
$
0.4

Interest rate contracts
 
(1.3
)
 
4.5

 
(2.4
)
Total
 
$
(7.1
)
 
$
0.2

 
$
(2.0
)

1.
All derivative assets are presented in Other current assets or Other assets and derivative liabilities are presented in Other current liabilities or Other liabilities.
2.
OCI is defined as other comprehensive income.
3.
Gain/(loss) reclassified to Income was recorded as follows: Foreign currency contracts in Other items, net and interest rate contracts in Interest expense.
4.
Each of these hedging relationships has derivative instruments with a high correlation to the underlying exposure being hedged and has been deemed highly effective in offsetting the underlying risk.
Derivative Instruments, Gain (Loss)
The following table provides estimated fair values as of September 30, 2018 and 2017, and the gains and losses on derivative instruments not classified as cash flow hedges as of and for the twelve months ended September 30, 2018 and 2017, respectively.
 
 
At September 30, 2018
 
For the Year Ended September 30, 2018
Derivatives not designated as Cash Flow Hedging Relationships
 
Estimated Fair Value Liability(1)
 
Gain Recognized in Income (2) (3)
Foreign currency contracts
 
(0.1
)
 
9.3

 
 
At September 30, 2017
 
For the Year Ended September 30, 2017
Derivatives not designated as Cash Flow Hedging Relationships
 
Estimated Fair Value Asset (1)
 
Loss Recognized in Income (2)
Foreign currency contracts
 
0.9

 
(1.4
)
1.
All derivative liabilities are presented in Other current liabilities or Other liabilities and derivative assets are presented in Other current assets or Other assets.
2.
Gain/(loss) recognized in Income was recorded in Other items, net.
Offsetting Assets
Energizer has the following recognized financial assets and financial liabilities resulting from those transactions that meet the scope of the disclosure requirements as necessitated by applicable accounting guidance for balance sheet offsetting:

Offsetting of derivative assets
 
 
 
 
At September 30, 2018
 
At September 30, 2017
Description
 
Balance Sheet location
 
Gross amounts of recognized assets
 
Gross amounts offset in the Balance Sheet
 
Net amounts of assets presented in the Balance Sheet
 
Gross amounts of recognized assets
 
Gross amounts offset in the Balance Sheet
 
Net amounts of assets presented in the Balance Sheet
Foreign Currency Contracts
 
Other Current Assets, Other Assets
 
$
4.7

 
$
(0.2
)
 
$
4.5

 
$
1.1

 
$
—

 
$
1.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of derivative liabilities
 
 
 
 
At September 30, 2018
 
At September 30, 2017
Description
 
Balance Sheet location
 
Gross amounts of recognized liabilities
 
Gross amounts offset in the Balance Sheet
 
Net amounts of liabilities presented in the Balance Sheet
 
Gross amounts of recognized liabilities
 
Gross amounts offset in the Balance Sheet
 
Net amounts of liabilities presented in the Balance Sheet
Foreign Currency Contracts
 
Other Current Liabilities, Other Liabilities
 
$
(0.3
)
 
$
—

 
$
(0.3
)
 
$
(6.4
)
 
$
0.4

 
$
(6.0
)
Offsetting Liabilities
Energizer has the following recognized financial assets and financial liabilities resulting from those transactions that meet the scope of the disclosure requirements as necessitated by applicable accounting guidance for balance sheet offsetting:

Offsetting of derivative assets
 
 
 
 
At September 30, 2018
 
At September 30, 2017
Description
 
Balance Sheet location
 
Gross amounts of recognized assets
 
Gross amounts offset in the Balance Sheet
 
Net amounts of assets presented in the Balance Sheet
 
Gross amounts of recognized assets
 
Gross amounts offset in the Balance Sheet
 
Net amounts of assets presented in the Balance Sheet
Foreign Currency Contracts
 
Other Current Assets, Other Assets
 
$
4.7

 
$
(0.2
)
 
$
4.5

 
$
1.1

 
$
—

 
$
1.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of derivative liabilities
 
 
 
 
At September 30, 2018
 
At September 30, 2017
Description
 
Balance Sheet location
 
Gross amounts of recognized liabilities
 
Gross amounts offset in the Balance Sheet
 
Net amounts of liabilities presented in the Balance Sheet
 
Gross amounts of recognized liabilities
 
Gross amounts offset in the Balance Sheet
 
Net amounts of liabilities presented in the Balance Sheet
Foreign Currency Contracts
 
Other Current Liabilities, Other Liabilities
 
$
(0.3
)
 
$
—

 
$
(0.3
)
 
$
(6.4
)
 
$
0.4

 
$
(6.0
)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company's financial assets and liabilities, which are carried at fair value, as of September 30, 2018 and 2017 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy:

 
 
Level 2
 
 
September 30,
 
 
2018
 
2017
Assets/(Liabilities) at estimated fair value:
 
 
 
 
Deferred Compensation
 
$
(29.0
)
 
$
(41.0
)
Exit lease liability
 
(0.6
)
 
(0.3
)
Derivatives - Foreign Currency contracts
 
4.2

 
(4.9
)
Derivatives - Interest Rate Swaps
 
7.7

 
(1.3
)
Total Liabilities at estimated fair value
 
$
(17.7
)
 
$
(47.5
)