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SEGMENT RESULTS | 3 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
SEGMENT RESULTS | SEGMENT RESULTS The Company operates through strategic business units (SBUs) that are also the Company’s operating segments. The SBUs are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. 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 (losses) before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate.
|  | Net sales
|  | Three Months Ended |  |
|  | 9/30/2022 |  | 9/30/2021 |  |  |  |
Health and Wellness |  | $ | 712 |  |  | $ | 745 |  |  |  |  |
Household |  | 423 |  |  | 442 |  |  |  |  |
Lifestyle |  | 320 |  |  | 331 |  |  |  |  |
International |  | 285 |  |  | 288 |  |  |  |  |
Total |  | $ | 1,740 |  |  | $ | 1,806 |  |  |  |  |
|  | Earnings (losses) before income taxes
|  | Three Months Ended |  |
|  | 9/30/2022 |  | 9/30/2021 |  |  |  |
Health and Wellness |  | $ | 115 |  |  | $ | 105 |  |  |  |  |
Household |  | 22 |  |  | 36 |  |  |  |  |
Lifestyle |  | 60 |  |  | 93 |  |  |  |  |
International |  | 23 |  |  | 30 |  |  |  |  |
Corporate (1) |  | (104) |  |  | (79) |  |  |  |  |
Total |  | $ | 116 |  |  | $ | 185 |  |  |  |  |
(1) The earnings (losses) before income taxes for Corporate includes restructuring and related implementation costs, net for the streamlined operating model of $19 for the three-months ended September 30, 2022. While recorded within the Corporate segment, for informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company’s reportable segments as a percentage of the total costs:
|  |  | Three Months Ended |  |
|  |  | 9/30/2022 |  |  |  |
| Health and Wellness |  | 6 | % |  |  |  |
| Household |  | — |  |  |  |  |
| Lifestyle |  | 5 |  |  |  |  |
| International |  | 19 |  |  |  |  |
| Corporate |  | 70 |  |  |  |  |
| Total |  | 100 | % |  |  |  |
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, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, were 27% and 25% for the three months ended September 30, 2022 and 2021, respectively. The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by SBU, for the periods indicated:
|  | Net sales |
|  | Three Months Ended |  |
|  | 9/30/2022 |  | 9/30/2021 |  |  |  |
Cleaning |  | 33 |  | % |  | 33 |  | % |  |  |  |  |  |
Professional Products |  | 5 |  |  |  | 5 |  |  |  |  |  |  |  |
Vitamins, Minerals and Supplements |  | 3 |  |  |  | 3 |  |  |  |  |  |  |  |
Health and Wellness |  | 41 |  | % |  | 41 |  | % |  |  |  |  |  |
Bags and Wraps |  | 11 |  |  |  | 12 |  |  |  |  |  |  |  |
Grilling |  | 5 |  |  |  | 6 |  |  |  |  |  |  |  |
Cat Litter |  | 8 |  |  |  | 7 |  |  |  |  |  |  |  |
Household |  | 24 |  | % |  | 25 |  | % |  |  |  |  |  |
Food |  | 10 |  |  |  | 9 |  |  |  |  |  |  |  |
Natural Personal Care |  | 4 |  |  |  | 4 |  |  |  |  |  |  |  |
Water Filtration |  | 5 |  |  |  | 5 |  |  |  |  |  |  |  |
Lifestyle |  | 19 |  | % |  | 18 |  | % |  |  |  |  |  |
International |  | 16 |  | % |  | 16 |  | % |  |  |  |  |  |
Total |  | 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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