content_image/32881.jpg content_image/32880.jpg
## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (Dollars in millions except per share data) 

A summary of nonqualified ENR stock options outstanding is as follows (shares in millions). 

<img src='content_image/32881.jpg'>

## (9) PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS 

Energizer has several defined benefit pension plans covering substantially all of its employees in the United States and certain employees in other countries. The plans provide retirement benefits based on years of service and earnings. 

Certain other foreign pension arrangements, that include various retirement and termination benefit plans, some of which are required by local law or coordinated with government-sponsored plans, are not significant in the aggregate. 

Energizer currently provides other postretirement benefits, consisting of health care and life insurance benefits for certain groups of retired employees. Retiree contributions for health care benefits are adjusted periodically, and it is expected that such adjustments will continue into the future. 

Prior to the spin-off, Energizer employees participated in Ralston’s defined benefit plans. In addition, certain groups of retirees and management employees were eligible for certain postretirement benefits provided by Ralston. See further discussion of pre-spin pension and postretirement benefits below. 

The following pension and other postretirement benefit information is presented in accordance with SFAS 132, “Employers’ Disclosures about Pensions and Other Postretirement Benefits.” 

The following tables present the benefit obligation and funded status of the plans for the period subsequent to the spin-off. 

<img src='content_image/32880.jpg'>

For pension plans with accumulated benefit obligations in excess of plan assets, the projected benefit obligation was $9.4 at September 30, 2000. There are no plan assets for these nonqualified plans as of September 30, 2000. 

