Leases (Tables)

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Balance Sheet Location

As of June 30, 2020 the amounts for leases included in our Consolidated (Condensed) Balance Sheet include:

Balance Sheet Location	June 30, 2020
Operating Leases:
Operating lease asset	$	123.0
Operating lease liabilities - current	14.3
Operating lease liabilities	112.6
Total Operating Lease Liabilities	$	126.9
Weighted-average remaining lease term (in years)	16.1
Weighted-average discount rate	4.2		%
Finance Leases:
Property, plant and equipment, net	$	45.7
Current portion of capital leases	1.7
Long-term debt	44.4
Total Finance Lease Liabilities	$	46.1
Weighted Average remaining lease term (in years)	20.6
Weighted-average discount rate	6.8		%

Components of Lease Expense

The following table presents the components of lease expense:

	For the Quarter Ended June 30, 2020		For the Nine Months Ended June 30, 2020
Operating lease cost	$	5.4	$	14.9
Finance lease cost:
Amortization of assets	0.8		2.4
Interest on lease liabilities	0.8		2.3
Variable lease costs	1.4		2.5
Total lease costs	$	8.4	$	22.1

Schedule of Supplemental Cash and Non-Cash Information

Supplemental cash and non-cash information related to leases:

	For the Nine Months Ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14.6
Operating cash flows from finance leases	2.2
Financing cash flows from finance leases	1.0
Non-cash increase in lease assets and lease liabilities:
Operating leases (1) (2)	$	86.0

(1) During the first quarter of fiscal 2020, Energizer entered into a material embedded lease agreement which resulted in operating lease asset and lease liabilities of approximately $34. The embedded operating lease commenced on November 1, 2019. During the second quarter of fiscal 2020, Energizer renewed the North America headquarters lease, which resulted in a material lease modification and additional operating lease assets and lease liabilities of approximately $17. During the third quarter of fiscal 2020, a material lease commenced for the Company's new battery distribution and packaging center in North America, resulting in approximately $36 of additional operating lease related assets and lease liabilities.

(2) 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 June 30, 2020 are as follows:

	Operating Leases		Finance Leases
2020	$	4.6	$	1.2
2021	18.2		4.6
2022	17.4		4.7
2023	16.2		4.6
2024	16.0		4.4
Thereafter	110.5		70.8
Total lease payments	182.9		90.3
Less: Imputed interest	(56.0)		(44.2)
Present value of lease liabilities	$	126.9	$	46.1

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 June 30, 2020 are as follows:

	Operating Leases		Finance Leases
2020	$	4.6	$	1.2
2021	18.2		4.6
2022	17.4		4.7
2023	16.2		4.6
2024	16.0		4.4
Thereafter	110.5		70.8
Total lease payments	182.9		90.3
Less: Imputed interest	(56.0)		(44.2)
Present value of lease liabilities	$	126.9	$	46.1