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## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (Dollars in millions except per share data) 

## (22) QUARTERLY FINANCIAL INFORMATION – (Unaudited) 

The results of any single quarter are not necessarily indicative of Energizer’s results for the full year. Net earnings of Energizer are 

significantly impacted in the first quarter by the additional sales volume associated with the Christmas holiday season. 

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(a) Earnings from continuing operations include the following items: 

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(b) For all periods prior to the spin-off, shares used in the earnings per share calculation are based on the weighted-average number of shares of Ralston common stock outstanding adjusted for the distribution of one share of Energizer stock for each three shares of Ralston stock. 

