Segment Information

The Company manages its business in three vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; and (iii) the Home and Garden Business. See Note 1, "Description of Business", for additional information regarding the Company’s realignment of its reporting segments.

Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each reportable segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives, and has a general manager responsible for the sales and marketing initiatives and financial results for product lines within that segment.

Net sales and Cost of goods sold to other business segments have been eliminated. The gross contribution of intersegment sales is included in the segment selling the product to the external customer. Segment net sales are based upon the segment from which the product is shipped.

The operating segment profits do not include restructuring and related charges, acquisition and integration related charges, impairment charges, reorganization items expense, net, interest expense, interest income and income tax expense. Expenses associated with certain general and administrative functions necessary to reflect the operating segments on a standalone basis have also been excluded in the determination of reportable segment profits. Corporate expenses primarily include general and administrative expenses and the costs of global long-term incentive compensation plans which are evaluated on a consolidated basis and not allocated to the Company’s operating segments. All depreciation and amortization included in income from operations is related to operating segments or corporate expense. Costs are identified to operating segments or corporate expense according to the function of each cost center.

All capital expenditures are related to operating segments. Variable allocations of assets are not made for segment reporting.

Segment information for the Company for Fiscal 2012, Fiscal 2011 and Fiscal 2010, is as follows:

Net sales to external customers



	2012		2011		2010
Global Batteries & Appliances	$	2,249,939	$	2,254,153	$	1,658,123
Global Pet Supplies	615,508		578,905		566,335
Home and Garden Business	386,988		353,858		342,553
Total segments	$	3,252,435	$	3,186,916	$	2,567,011

Depreciation and amortization



	2012		2011		2010
Global Batteries & Appliances	$	63,618	$	68,084	$	57,557
Global Pet Supplies	27,702		24,274		28,538
Home and Garden Business	13,296		12,375		14,418
Total segments	104,616		104,733		100,513
Corporate	25,208		29,996		16,803
Total Depreciation and amortization	$	129,824	$	134,729	$	117,316

Segment profit



	2012		2011		2010
Global Batteries & Appliances	$	244,442	$	238,864	$	171,298
Global Pet Supplies	85,866		75,564		57,675
Home and Garden Business	73,609		65,180		51,192
Total segments	403,917		379,608		280,165
Corporate expenses	47,204		53,259		48,465
Acquisition and integration related charges	31,066		36,603		38,452
Restructuring and related charges	19,591		28,644		24,118
Intangible asset impairment	—		32,450		—
Interest expense	191,998		208,492		277,015
Other expense, net	878		2,491		12,300
Income (loss) from continuing operations before reorganization items and income taxes	$	113,180	$	17,669	$	(120,185	)

The Global Batteries & Appliances segment does business in Venezuela through a Venezuelan subsidiary. At January 4, 2010, the beginning of the Company’s second quarter of Fiscal 2010, the Company determined that Venezuela met the definition of a highly inflationary economy under GAAP. As a result, beginning January 4, 2010, the U.S. dollar is the functional currency for the Company’s Venezuelan subsidiary. Accordingly, subsequent to January 4, 2010, currency remeasurement adjustments for this subsidiary’s financial statements and other transactional foreign exchange gains and losses are reflected in earnings. Through January 3, 2010, prior to being designated as highly inflationary, translation adjustments related to the Venezuelan subsidiary were reflected in Shareholder's equity as a component of AOCI.

In addition, on January 8, 2010, the Venezuelan government announced its intention to devalue its currency, the Bolivar fuerte, relative to the U.S. dollar. As a result, the Company remeasured the local statement of financial position of its Venezuela entity during the second quarter of Fiscal 2010 to reflect the impact of the devaluation to the official exchange rate of 4.3 Bolivar fuerte per U.S. dollar. Based on actual exchange activity as of September 30, 2010, the Company determined that the most likely method of exchanging its Bolivar fuertes for U.S. dollars would be to formally apply with the Venezuelan government to exchange through commercial banks at the SITME rate specified by the Central Bank of Venezuela. The SITME rate as of September 30, 2010 was quoted at 5.3 Bolivar fuerte per U.S. dollar. Therefore, the Company changed the rate used to remeasure Bolivar fuerte denominated transactions as of September 30, 2010 from the official exchange rate to the 5.3 SITME rate in accordance with ASC Topic 830: “Foreign Currency Matters” (“ASC 830) as it was the expected rate at which exchanges of Bolivar fuerte to U.S. dollars would be settled.

The designation of the Company’s Venezuela entity as a highly inflationary economy and the devaluation of the Bolivar fuerte resulted in a $1,486 reduction to the Company’s operating income during Fiscal 2010. The Company also reported a foreign exchange loss in Other expense, net, of $10,102 during Fiscal 2010 related to Bolivar fuerte denominated transactions.

As of September 30, 2011, the Company no longer exchanged its Bolivar fuertes for U.S. dollars through the SITME mechanism as the SITME was no longer the most likely method of exchanging its Bolivar fuertes for U.S. dollars. Therefore, the Company changed the rate used to remeasure Bolivar fuerte denominated transactions as of September 30, 2011 from the 5.3 SITME rate to the 4.3 official exchange rate in accordance with ASC 830, as it is the expected exchange rate of Bolivar fuertes to U.S. dollars. The Company reported a foreign exchange gain in Other expense, net, of $(1,293) during Fiscal 2011 related to the change to the official exchange rate.

Segment total assets



	September 30,
	2012		2011
Global Batteries & Appliances	$	2,243,472	$	2,275,076
Global Pet Supplies	956,043		828,202
Home and Garden Business	508,083		476,381
Total segments	3,707,598		3,579,659
Corporate	45,913		42,604
Total assets at year end	$	3,753,511	$	3,622,263

Segment long-lived assets (A)



	September 30,
	2012		2011
Global Batteries & Appliances	$	1,434,392	$	1,468,617
Global Pet Supplies	768,140		647,953
Home and Garden Business	445,774		417,078
Total segments	2,648,306		2,533,648
Corporate	41,916		44,770
Long-lived assets at year end	$	2,690,222	$	2,578,418


(A)	Includes all of the Company’s non-current assets.

Capital expenditures



	2012		2011		2010
Global Batteries & Appliances	$	36,271	$	25,471	$	28,496
Global Pet Supplies	7,447		7,059		7,920
Home and Garden Business	3,091		3,630		3,890
Total segments	46,809		36,160		40,306
Corporate	—		—		10
Total Capital expenditures	$	46,809	$	36,160	$	40,316

Geographic Disclosures—Net sales to external customers



	2012		2011		2010
United States	$	1,772,138	$	1,780,127	$	1,444,779
Outside the United States	1,480,297		1,406,789		1,122,232
Total net sales to external customers	$	3,252,435	$	3,186,916	$	2,567,011

Geographic Disclosures—Long-lived assets (A)



	September 30,
	2012		2011
United States	$	1,988,632	$	1,843,869
Outside the United States	701,590		734,549
Long-lived assets at year end	$	2,690,222	$	2,578,418


(A)	Includes all of the Company’s non-current assets.