Segments

As of October 1, 2016, the Company changed its internal reporting structure and is managing operations via three major geographic reportable segments: Americas (North America and Latin America), Europe, Middle East and Africa (EMEA), and Asia Pacific. Prior to this year, the Americas' segment was reported as two separate geographic reportable segments. The Company changed its reporting structure to better reflect how the Company is managing the operations as well as what the chief operating decision maker is reviewing to make organizational decisions about resource allocation. The prior period segment information has been recast to reflect the current reportable segment structure of the Company.

Segment performance is evaluated based on segment operating profit, exclusive of general corporate expenses, share-based compensation costs, costs associated with restructuring initiatives, acquisition and integration activities, amortization costs, business realignment activities, research & development costs, gains on sale of real estate and other items determined to be corporate in nature. Financial items, such as interest income and expense, are managed on a global basis at the corporate level. The exclusion of substantially all acquisition, integration, restructuring and realignment costs from segment results reflects management’s view on how it evaluates segment performance.

Energizer’s operating model includes a combination of standalone and shared business functions between the geographic segments, varying by country and region of the world. Shared functions include, but are not limited to, IT, procurement and finance. Energizer applies a fully allocated cost basis, in which shared business functions are allocated between segments. Such allocations are estimates, and do not represent the costs of such services if performed on a standalone basis.

Segment sales and profitability for the quarter and nine months ended June 30, 2017 and 2016, respectively, are presented below:



	For the Quarter Ended June 30,						For the Nine Months Ended June 30,
	2017			2016			2017			2016
Net Sales
Americas	$	228.6		$	213.9		$	812.2		$	722.5
EMEA	76.6			77.2			265.4			271.4
Asia Pacific	66.8			69.9			213.0			207.9
Total net sales	$	372.0		$	361.0		$	1,290.6		$	1,201.8
Segment Profit
Americas	$	53.6		$	49.1		$	237.2		$	193.5
EMEA	10.3			8.9			50.4			40.1
Asia Pacific	15.4			16.8			59.4			50.8
Total segment profit	79.3			74.8			347.0			284.4
General corporate and other expenses (1)	(16.3		)	(19.7		)	(56.8		)	(56.9		)
Global marketing expense (1)	(5.0		)	(5.1		)	(12.0		)	(10.4		)
Research and development expense	(5.1		)	(6.6		)	(16.0		)	(19.1		)
Amortization of intangible assets	(2.8		)	—			(8.4		)	—
Restructuring (2)	—			(0.1		)	—			(4.9		)
Acquisition and integration costs (3)	(6.7		)	(4.1		)	(9.2		)	(4.1		)
Spin costs (4)	—			(1.9		)	—			(10.6		)
Spin restructuring	—			(0.9		)	3.8			(1.0		)
Gain on sale of real estate	1.7			—			16.9			—
Interest expense	(13.3		)	(13.1		)	(39.7		)	(39.1		)
Other items, net (5)	(1.3		)	0.4			(1.7		)	0.9
Total earnings before income taxes	$	30.5		$	23.7		$	223.9		$	139.2

(1) Included in SG&A in the unaudited Consolidated Condensed Statement of Earnings and Comprehensive Income.

(2) Includes pre-tax costs of $0.1 and $2.4 for the quarter and nine months ended June 30, 2016, respectively, of accelerated depreciation related to our streamlining of plants recorded in COGS on the unaudited Consolidated Condensed Statements of Earnings and Comprehensive Income.

(3) The quarter and nine months ended June 30, 2017 included $0.9 and $1.1, respectively, in COGS, and $3.3 in Other items, net. All remaining integration and acquisition costs were included in SG&A in the unaudited Consolidated Condensed Statements of Earnings and Comprehensive Income.

(4) The quarter and nine months ended June 30, 2016 included income of $0.1 and expense of $0.4 in COGS, respectively. All remaining spin costs were included in SG&A in the unaudited Consolidated Condensed Statements of Earnings and Comprehensive Income.

(5) The amounts for the quarter and nine months ended June 30, 2017 on the unaudited Consolidated Condensed Statement of Earnings and Comprehensive Income included $3.3 of acquisition and integration costs which have been reclassified to Acquisition and integration costs from Other items, net for purposes of the reconciliation above.

Supplemental product information is presented below for revenues from external customers:



	For the Quarter Ended June 30,				For the Nine Months Ended June 30,
Net Sales	2017		2016		2017		2016
Batteries	$	325.8	$	338.3	$	1,138.8	$	1,122.9
Other	46.2		22.7		151.8		78.9
Total net sales	$	372.0	$	361.0	$	1,290.6	$	1,201.8

During the fourth quarter of fiscal 2016, we realigned our supplemental product information. We have reclassified the fiscal year 2016 net sales categories to be consistent with our current presentation.

Corporate assets shown in the following table include all financial instruments, deferred tax assets and deferred charges that are managed outside of operating segments. Total assets by segment are presented below:



	June 30, 2017		September 30, 2016
Americas	$	494.4	$	475.2
EMEA	235.4		242.0
Asia Pacific	454.4		390.8
Total segment assets	$	1,184.2	$	1,108.0
Corporate	139.8		159.1
Goodwill and other intangible assets	456.0		464.4
Total assets	$	1,780.0	$	1,731.5