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Financial Instruments and Risk Management (Tables)
 9 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table provides Energizer’s pro rata share of the estimated fair values as of June 30, 2015 and September 30, 2014, and the pro rata share of the amounts of gains and losses on derivative instruments classified as cash flow hedges as of and for the quarter and nine months ended June 30, 2015 and 2014, respectively.

 
 
At June 30, 2015
 
For the Quarter Ended June 30, 2015
 
For the Nine Months Ended June 30, 2015
Derivatives designated as Cash Flow Hedging Relationships
 
Estimated Fair Value, Asset (Liability) (1) (2)
 
Gain/(Loss) Recognized in OCI (3)
 
Gain/(Loss) Reclassified From OCI into Income(Effective Portion) (4) (5)
 
Gain/(Loss) Recognized in OCI (3)
 
Gain/(Loss) Reclassified From OCI into Income(Effective Portion) (4) (5)
Foreign currency contracts
 
$
3.6

 
$
(7.9
)
 
$
1.4

 
$
5.8

 
$
7.6

 
 
 
 
 
 
 
 
 
 
 
 
 
At September 30, 2014
 
For the Quarter Ended June 30, 2014
 
For the Nine Months Ended June 30, 2014
Derivatives designated as Cash Flow Hedging Relationships
 
Estimated Fair Value, Asset (Liability) (1) (2)
 
Gain/(Loss) Recognized in OCI (3)
 
Gain/(Loss) Reclassified From OCI into Income(Effective Portion) (4) (5)
 
Gain/(Loss) Recognized in OCI (3)
 
Gain/(Loss) Reclassified From OCI into Income(Effective Portion) (4) (5)
Foreign currency contracts
 
$
5.4

 
$
(3.7
)
 
$
(2.0
)
 
$
(1.4
)
 
$
(0.6
)

(1) All derivative assets are presented in other current assets or other assets.
(2) All derivative liabilities are presented in other current liabilities or other liabilities.
(3) OCI is defined as other comprehensive income.
(4) Gain/(Loss) reclassified to Income was recorded as follows: Foreign currency contracts in Other financing items, net.
(5) Each of these derivative instruments had a high correlation to the underlying exposure being hedged for the periods indicated and had been deemed highly effective in offsetting associated risk.
Derivative Instruments, Gain (Loss)
The following table provides Energizer’s pro rata share of the estimated fair values as of June 30, 2015 and September 30, 2014, and the pro rata share of the amounts of gains and losses on derivative instruments not classified as cash flow hedges as of the quarter and nine months ended June 30, 2015 and 2014, respectively.

 
 
At June 30, 2015
 
For the Quarter Ended June 30, 2015
 
For the Nine Months Ended June 30, 2015
Derivatives not designated as Cash Flow Hedging Relationships
 
Estimated Fair Value Asset (Liability)
 
Gain/(Loss) Recognized in Income (1)
 
Gain/(Loss) Recognized in Income (1)
Share option (2)
 
$
—

 
$
(0.1
)
 
$
0.2

Foreign currency contracts
 
(0.8
)
 
0.4

 
2.9

Total
 
$
(0.8
)
 
$
0.3

 
$
3.1

 
 
 
 
 
 
 
 
 
At September 30, 2014
 
For the Quarter Ended June 30, 2014
 
For the Nine Months Ended June 30, 2014
Derivatives not designated as Cash Flow Hedging Relationships
 
Estimated Fair Value Asset (Liability)
 
Gain/(Loss) Recognized in Income (1)
 
Gain/(Loss) Recognized in Income (1)
Share option
 
$
—

 
$
3.8

 
$
6.8

Foreign currency contracts
 
1.0

 
(2.5
)
 
(0.1
)
Total
 
$
1.0

 
$
1.3

 
$
6.7


(1) Gain/(Loss) recognized in Income was recorded as follows: Share option in Selling, general and administrative expense and foreign currency contracts in Other financing items, net.
(2) ParentCo held a share option with a major financial institution, which matured in November 2014 and was subsequently not renewed.
Offsetting Liabilities
Energizer has the following recognized pro rata share of the 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 June 30, 2015
 
At September 30, 2014
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
 
$
4.6

 
$
(0.8
)
 
$
3.8

 
$
7.2

 
$
(0.2
)
 
$
7.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of derivative liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At June 30, 2015
 
At September 30, 2014
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
 
$
(1.2
)
 
$
0.2

 
$
(1.0
)
 
$
(0.8
)
 
$
0.2

 
$
(0.6
)
Offsetting Assets
Energizer has the following recognized pro rata share of the 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 June 30, 2015
 
At September 30, 2014
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
 
$
4.6

 
$
(0.8
)
 
$
3.8

 
$
7.2

 
$
(0.2
)
 
$
7.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of derivative liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At June 30, 2015
 
At September 30, 2014
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
 
$
(1.2
)
 
$
0.2

 
$
(1.0
)
 
$
(0.8
)
 
$
0.2

 
$
(0.6
)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth Energizer’s pro rata share of the financial assets and liabilities, which are carried at fair value, as of June 30, 2015 and September 30, 2014 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy:

 
Level 2
 
June 30,
2015
 
September 30,
2014
Assets/(Liabilities) at estimated fair value:
 
 
 
Deferred Compensation
$
(31.5
)
 
$
(45.8
)
Derivatives - Foreign Currency Contracts
2.8

 
6.4

Net Liabilities at estimated fair value
$
(28.7
)
 
$
(39.4
)