Restructuring

2013 Restructuring

In November 2012, Edgewell's Board of Directors authorized an enterprise-wide restructuring plan and delegated authority to management to determine the final actions with respect to this plan (2013 restructuring project). This initiative impacted Edgewell's Household Products and Personal Care businesses. In January 2014, Edgewell's Board of Directors authorized an expansion of scope of the previously announced 2013 restructuring project.

The pre-tax expense/(income) for charges and credits related to the 2013 restructuring project for Energizer for the three months ended December 31, 2015 and 2014 are noted in the tables below:



	Quarter Ended December 31, 2015
	North America			Latin America		EMEA		Asia Pacific		Corporate		Total
Severance and related benefit costs	$	0.2		$	—	$	—	$	—	$	—	$	0.2
Consulting, program management and other exit costs	(0.2		)	—		—		0.2		—		—
Net loss on asset sales	2.0			—		—		—		—		2.0
Total	$	2.0		$	—	$	—	$	0.2	$	—	$	2.2



	Quarter Ended December 31, 2014
	North America		Latin America		EMEA		Asia Pacific			Corporate		Total
Severance and related benefit costs	$	0.1	$	—	$	—	$	—		$	—	$	0.1
Consulting, program management and other exit costs	0.8		0.1		0.2		0.2			—		1.3
Net gain on asset sales	—		—		—		(11.0		)	—		(11.0		)
Total	$	0.9	$	0.1	$	0.2	$	(10.8	)	$	—	$	(9.6	)

Total pre-tax restructuring charges since the inception of the project and through December 31, 2015, have totaled approximately $200. We expect the remaining costs for Energizer to be immaterial.

For the three months ended December 31, 2015, Energizer recorded pre-tax charges of $2.2, related to the 2013 restructuring project. For the quarter ended December 31, 2014, Energizer recorded a pre-tax restructuring credit of $9.6. Restructuring charges were reflected on a separate line in the unaudited Consolidated Condensed Statements of Earnings and Comprehensive Income. In addition, pretax costs of $0.1 associated with information technology enablement activities were recorded within SG&A on the unaudited Consolidated Condensed Statements of Earnings and Comprehensive Income for the quarter ended December 31, 2014. These information technology costs are considered part of the total project costs incurred for the 2013 restructuring project.

The following table summarizes the 2013 restructuring activities and related accrual (excluding certain information technology enablement charges related to the restructuring) for the quarter ended December 31, 2015 and 2014.



							Utilized
	October 1, 2015		Charge to Income		Other(a)		Cash			Non-Cash			December 31, 2015
Severance & Termination Related Costs	$	1.9	$	0.2	$	—	$	(1.2	)	$	—		$	0.9
Other Related Costs	2.1		—		—		(0.7		)	—			1.4
Net loss on asset sales	—		2.0		—		—			(2.0		)	—
Total	$	4.0	$	2.2	$	—	$	(1.9	)	$	(2.0	)	$	2.3



									Utilized
	October 1, 2014		Charge to Income			Other (a)			Cash			Non-Cash			December 31, 2014
Severance & Termination Related Costs	$	12.4	$	0.1		$	(7.3	)	$	(1.7	)	$	—		$	3.5
Other Related Costs	—		1.3			—			(1.3		)	—			—
Net (gain)/loss on asset sales	—		(11.0		)	12.5			1.5			(3.0		)	—
Total	$	12.4	$	(9.6	)	$	5.2		$	(1.5	)	$	(3.0	)	$	3.5

(a) Includes the impact of currency translation

Other Activities

The Company is also streamlining certain manufacturing operations. During the quarter ended December 31, 2015, the Company recorded $1.1 of accelerated depreciation in cost of products sold on the unaudited Consolidated Condensed Statements of Earnings and Comprehensive Income related to the streamlining of a plant in North America. The streamlining of this plant is expected to be completed in fiscal 2016 and the overall charges are not expected to be material to the consolidated operations.