SEGMENT RESULTS

The Company manages its business in four vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; (iii) Home and Garden Business; and (iv) Hardware & Home Improvement.

The results of the HHI Business operations, excluding the TLM Business, since December 17, 2012 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The results of the TLM Business operations since April 8, 2013 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The financial results related to the HHI Business are reported as a separate business segment, Hardware & Home Improvement.

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 from transactions with 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, interest expense, interest income and income tax expense. Corporate expenses primarily include general and administrative expenses and global long-term incentive compensation plan costs 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 three and nine month periods ended June 30, 2013 and July 1, 2012 is as follows:



	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Net sales to external customers
Consumer batteries	$	207,339	$	211,198	$	678,067	$	684,277
Small appliances	168,744		173,140		543,451		575,630
Electric shaving and grooming	61,742		62,860		207,978		214,979
Electric personal care	53,776		53,526		196,747		195,087
Global Batteries & Appliances	491,601		500,724		1,626,243		1,669,973
Global Pet Supplies	156,440		157,495		456,639		448,962
Home and Garden Business	156,568		166,584		289,091		300,924
Hardware & Home Improvement	285,216		—		575,876		—
Total segments	$	1,089,825	$	824,803	$	2,947,849	$	2,419,859

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Segment profit
Global Batteries & Appliances	$	44,904	$	47,093	$	181,696	$	185,726
Global Pet Supplies	26,560		22,470		62,833		57,778
Home and Garden Business	43,117		44,224		59,648		60,509
Hardware & Home Improvement	42,963		—		46,483		—
Total segments	157,544		113,787		350,660		304,013
Corporate expense	20,493		9,227		44,698		32,762
Acquisition and integration related charges	7,747		5,274		40,558		20,625
Restructuring and related charges	13,245		3,896		27,736		15,890
Interest expense	61,516		39,686		185,652		150,169
Other expense, net	2,613		2,224		7,941		2,225
Income from continuing operations before income taxes	$	51,930	$	53,480	$	44,075	$	82,342

On February 8, 2013, the Venezuelan government announced the formal devaluation of its currency, the Bolivar fuerte, relative to the U.S. dollar. As Venezuela continues to be considered a highly inflationary economy, the functional currency of the Company's Venezuelan subsidiary is the U.S. dollar. Therefore, the Company remeasured the local statement of financial position of its Venezuela entity as of February 8, 2013 to reflect the impact of the devaluation to the official exchange rate from 4.3 to 6.3 Bolivar fuerte per U.S. dollar. The effect of the devaluation of the Bolivar fuerte was recorded in other expense, net and resulted in a $1,953 reduction to the Company's pretax income during the nine month period ended June 30, 2013.



	June 30, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,213,741	$	2,243,472
Global Pet Supplies	959,282		956,043
Home and Garden Business	542,525		508,083
Hardware & Home Improvement	1,787,178		—
Total segment assets	5,502,726		3,707,598
Corporate	37,946		45,913
Total assets at period end	$	5,540,672	$	3,753,511