Leases (Tables)

3 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Balance Sheet Location

As of December 31, 2019 the amounts for leases included in our condensed balance sheet include:

Balance Sheet Location	December 31, 2019
Operating Leases:
Operating lease asset	$	82.9
Operating lease liabilities - current	15.6
Operating lease liabilities	68.4
Total Operating Lease Liabilities	$	84.0
Weighted-average remaining lease term (in years)	17.9
Weighted-average discount rate	4.4		%
Finance Leases:
Property, plant and equipment, net	$	45.7
Current portion of capital leases	1.7
Long-term debt	45.1
Total Finance Lease Liabilities	$	46.8
Weighted Average remaining lease term (in years)	20.8
Weighted-average discount rate	6.7		%

Components of Lease Expense

The following table presents the components of lease expense:

	For the Quarter ended,
	December 31, 2019
Operating lease cost	$	4.5
Finance lease cost:
Amortization of assets	0.8
Interest on lease liabilities	0.8
Variable lease costs	0.3
Total lease costs	$	6.4

Schedule of Supplemental Cash and Non-Cash Information

Supplemental cash and non-cash information related to leases:

	Quarter ended,
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4.4
Operating cash flows from finance leases	0.7
Financing cash flows from finance leases	0.3
Non-cash increase in lease assets and lease liabilities:
Operating leases (1)	$	33.6

(1) During the first quarter of fiscal 2020, Energizer entered into a material embedded lease agreement which resulted in right of use asset and lease liabilities of $33.6. The embedded operating lease commenced on November 1, 2019. The non-cash increase in operating lease assets and liabilities above does not include the lease assets and lease liabilities recorded due to the ASC 842 implementation on October 1, 2019.

Schedule of Finance Lease Minimum Payments

Minimum lease payments under operating and finance leases with non-cancellable terms in excess of one year as of December 31, 2019 are as follows:

	Operating Leases			Finance leases
2020	$	14.1		$	3.5
2021	14.6			4.6
2022	10.9			4.7
2023	9.9			4.6
2024	9.7			4.4
Thereafter	69.2			70.8
Total lease payments	128.4			92.6
Less: Imputed interest	(44.4		)	(45.8		)
Present value of lease liabilities	$	84.0		$	46.8

Schedule of Operating Lease Minimum Payments

Minimum lease payments under operating and finance leases with non-cancellable terms in excess of one year as of December 31, 2019 are as follows:

	Operating Leases			Finance leases
2020	$	14.1		$	3.5
2021	14.6			4.6
2022	10.9			4.7
2023	9.9			4.6
2024	9.7			4.4
Thereafter	69.2			70.8
Total lease payments	128.4			92.6
Less: Imputed interest	(44.4		)	(45.8		)
Present value of lease liabilities	$	84.0		$	46.8