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SEGMENT RESULTS | 9 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
SEGMENT RESULTS | SEGMENT RESULTS The Company operates through SBUs that are aggregated into four reportable segments based on the economics and nature of the products sold: Health and Wellness, Household, Lifestyle and International. Prior periods presented have been recast to reflect the reportable segment changes effective in the fourth quarter of fiscal year 2020. Certain non-allocated administrative costs, interest income, interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes. The tables below present reportable segment information and a reconciliation of the segment information to the Company’s consolidated Net sales and Earnings before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate.
|  | Net sales
|  | Three Months Ended |  | Nine Months Ended
|  | 3/31/2021 |  | 3/31/2020 |  | 3/31/2021 |  | 3/31/2020
Health and Wellness |  | $ | 680 |  |  | $ | 736 |  |  | $ | 2,310 |  |  | $ | 1,944 |
Household |  | 510 |  |  | 480 |  |  | 1,421 |  |  | 1,183 |
Lifestyle |  | 293 |  |  | 294 |  |  | 928 |  |  | 856 |
International |  | 298 |  |  | 273 |  |  | 880 |  |  | 755 |
Corporate |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 1,781 |  |  | $ | 1,783 |  |  | $ | 5,539 |  |  | $ | 4,738 |
|  | Earnings (losses) before income taxes
|  | Three Months Ended |  | Nine Months Ended
|  | 3/31/2021 |  | 3/31/2020 |  | 3/31/2021 |  | 3/31/2020
Health and Wellness (1) |  | $ | (183) |  |  | $ | 210 |  |  | $ | 315 |  |  | $ | 514 |
Household |  | 97 |  |  | 114 |  |  | 266 |  |  | 190 |
Lifestyle |  | 68 |  |  | 80 |  |  | 259 |  |  | 242 |
International |  | 30 |  |  | 36 |  |  | 184 |  |  | 106 |
Corporate |  | (71) |  |  | (143) |  |  | (225) |  |  | (262) |
Total |  | $ | (59) |  |  | $ | 297 |  |  | $ | 799 |  |  | $ | 790 |
(1) The earnings (losses) before income taxes for the Health and Wellness segment include a $329 non-cash goodwill, trademark and other asset impairment charge for the VMS SBU for the three and nine months ended March 31, 2021. All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales. Net sales to the Company’s largest customer, Wal-Mart Stores, Inc. and its affiliates, as a percentage of consolidated net sales, were 24% for each of the three and nine months ended March 31, 2021, respectively, and 25% for each of the three and nine months ended March 31, 2020, respectively. The following table provides Net sales as a percentage of the Company’s consolidated net sales for the Company’s SBUs and for the periods indicated:
|  | Net sales
|  | Three Months Ended |  | Nine Months Ended
|  | 3/31/2021 |  | 3/31/2020 |  | 3/31/2021 |  | 3/31/2020
Cleaning |  | 29 | % |  | 32 | % |  | 30 | % |  | 31 | %
Professional Products |  | 5 | % |  | 6 | % |  | 7 | % |  | 6 | %
Vitamins, Minerals and Supplements |  | 4 | % |  | 4 | % |  | 4 | % |  | 4 | %
Health and Wellness |  | 38 | % |  | 42 | % |  | 41 | % |  | 41 | %
Bags and Wraps |  | 11 | % |  | 11 | % |  | 11 | % |  | 12 | %
Cat Litter |  | 7 | % |  | 7 | % |  | 7 | % |  | 7 | %
Grilling |  | 11 | % |  | 9 | % |  | 8 | % |  | 6 | %
Household |  | 29 | % |  | 27 | % |  | 26 | % |  | 25 | %
Food Products |  | 10 | % |  | 8 | % |  | 9 | % |  | 9 | %
Natural Personal Care |  | 3 | % |  | 4 | % |  | 4 | % |  | 5 | %
Water Filtration |  | 3 | % |  | 4 | % |  | 4 | % |  | 4 | %
Lifestyle |  | 16 | % |  | 16 | % |  | 17 | % |  | 18 | %
International |  | 17 | % |  | 15 | % |  | 16 | % |  | 16 | %
Total |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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