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SEGMENT REPORTING (Tables) | 12 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Selected Financial Information Relating to the Company's Segments |
| Net Sales
| Fiscal year
| 2023 |  | 2022 |  | 2021
Health and Wellness | $ | 2,532 |  |  | $ | 2,427 |  |  | $ | 2,690 |
Household | 2,098 |  |  | 1,984 |  |  | 1,981 |
Lifestyle | 1,338 |  |  | 1,253 |  |  | 1,218 |
International | 1,181 |  |  | 1,180 |  |  | 1,162 |
Corporate and Other | 240 |  |  | 263 |  |  | 290 |
Total | $ | 7,389 |  |  | $ | 7,107 |  |  | $ | 7,341 |
| Segment Adjusted Earnings (losses) before interest and income taxes
| Fiscal year
| 2023 |  | 2022 |  | 2021
Health and Wellness | $ | 594 |  |  | $ | 381 |  |  | $ | 748 |
Household | 308 |  |  | 234 |  |  | 375 |
Lifestyle | 284 |  |  | 280 |  |  | 320 |
International | 89 |  |  | 97 |  |  | 119 |
Corporate and Other | (358) |  |  | (223) |  |  | (293) |
Total | $ | 917 |  |  | $ | 769 |  |  | $ | 1,269 |
Interest income | 16 |  |  | 5 |  |  | 5 |
Interest expense | (90) |  |  | (106) |  |  | (99) |
VMS impairments (1) (2) | (445) |  |  | — |  |  | (329) |
Professional Products supplier charge (3) | — |  |  | — |  |  | (28) |
Saudi JV acquisition gain (4) | — |  |  | — |  |  | 82 |
Streamlined operating model (5) | (60) |  |  | — |  |  | — |
Digital capabilities and productivity enhancements investment (6) | (100) |  |  | (61) |  |  | — |
Earnings (losses) before income taxes | $ | 238 |  |  | $ | 607 |  |  | $ | 900 |
(1)Represents a noncash impairment charge of $445 related to the VMS business recorded in fiscal year 2023. As a result of the segment changes noted above, $433 and $12 was recast from the third quarter fiscal year 2023 interim reporting period for the Health and Wellness and International reportable segments, respectively. (2)Represents a noncash impairment charge of $329 related to the VMS business recorded in fiscal year 2021. As a result of the segment reporting changes noted above, $329 was recast from the fiscal year 2021 reporting period from the Health and Wellness reportable segment. (3)Represents noncash charges of $28 on investments and related arrangements made with a Professional Products business supplier. As a result of the segment changes noted above, this amount was recast from the fiscal year 2021 reporting period for the Health and Wellness reportable segment. (4)Represents an $82 noncash net gain from the remeasurement of the Company’s previously held investment in its Saudi joint venture. As a result of the segment changes noted above, this amount was recast from the fiscal year 2021 reporting period for the International reportable segment. (5)Represents restructuring and related implementation costs, net for the streamlined operating model of $60. As a result of the segment changes noted above, this amount was recast from the fiscal year 2023 reporting period for Corporate and Other. For informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company's segments as a percent of the total costs for the fiscal year ended June 30:
|  |  |  | 2023
| Health and Wellness |  |  | 6 | %
| Household |  |  | 1 |
| Lifestyle |  |  | 4 |
| International |  |  | 16 |
| Corporate and Other |  |  | 73 |
| Total |  |  | 100 | %
(6)Represents expenses related to the Company's digital capabilities and productivity enhancements investment. As a result of the segment changes noted above, these amounts were recast from the fiscal year 2023 and fiscal year 2022 reporting periods for Corporate and Other.
| Fiscal Year |  | Health and Wellness |  | Household |  | Lifestyle |  | International |  | Corporate and Other |  | Total Company
(Income) Loss from equity investees included in Other (income) expense, net | 2023 |  | — |  |  | — |  |  | — |  |  | (4) |  |  | — |  |  | (4) |
2022 |  | — |  |  | — |  |  | — |  |  | (6) |  |  | — |  |  | (6) |
| 2021 |  | — |  |  | — |  |  | — |  |  | (5) |  |  | — |  |  | (5) |
Total assets | 2023 |  | 1,184 |  |  | 1,082 |  |  | 1,091 |  |  | 1,410 |  |  | 1,178 |  |  | 5,945 |
| 2022 |  | 1,275 |  |  | 1,045 |  |  | 1,035 |  |  | 1,453 |  |  | 1,350 |  |  | 6,158 |
Capital expenditures | 2023 |  | 51 |  |  | 97 |  |  | 29 |  |  | 24 |  |  | 27 |  |  | 228 |
| 2022 |  | 61 |  |  | 112 |  |  | 24 |  |  | 27 |  |  | 27 |  |  | 251 |
| 2021 |  | 120 |  |  | 108 |  |  | 29 |  |  | 42 |  |  | 32 |  |  | 331 |
Depreciation and amortization | 2023 |  | 59 |  |  | 78 |  |  | 25 |  |  | 46 |  |  | 28 |  |  | 236 |
| 2022 |  | 57 |  |  | 67 |  |  | 24 |  |  | 47 |  |  | 29 |  |  | 224 |
| 2021 |  | 52 |  |  | 67 |  |  | 23 |  |  | 45 |  |  | 24 |  |  | 211 |
Significant noncash charges included in earnings (losses) before interest and income taxes:
Stock-based compensation | 2023 |  | 14 |  |  | 10 |  |  | 7 |  |  | 4 |  |  | 38 |  |  | 73 |
| 2022 |  | 14 |  |  | 8 |  |  | 6 |  |  | 3 |  |  | 21 |  |  | 52 |
| 2021 |  | 16 |  |  | 10 |  |  | 7 |  |  | 2 |  |  | 15 |  |  | 50 |
Summary of Concentration Percentages | The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment under the new reporting structure, for the fiscal years ended June 30:
|  | 2023 |  | 2022 |  | 2021
Cleaning |  | 30 | % |  | 29 | % |  | 30 | %
Professional Products |  | 5 | % |  | 4 | % |  | 7 | %
Health and Wellness |  | 35 | % |  | 33 | % |  | 37 | %
Bags and Wraps |  | 12 | % |  | 12 | % |  | 11 | %
Cat Litter |  | 9 | % |  | 8 | % |  | 7 | %
Grilling |  | 7 | % |  | 8 | % |  | 9 | %
Household |  | 28 | % |  | 28 | % |  | 27 | %
Food |  | 10 | % |  | 10 | % |  | 9 | %
Natural Personal Care |  | 4 | % |  | 4 | % |  | 4 | %
Water Filtration |  | 4 | % |  | 4 | % |  | 3 | %
Lifestyle |  | 18 | % |  | 18 | % |  | 16 | %
International |  | 16 | % |  | 17 | % |  | 16 | %
Corporate and Other |  | 3 | % |  | 4 | % |  | 4 | %
Total |  | 100 | % |  | 100 | % |  | 100 | %
The Company’s products are marketed and sold globally. The following table provides the Company’s global product lines, which were sold in the U.S. and International, that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30:
| 2023 |  | 2022 |  | 2021
Cleaning products | 42 | % |  | 42 | % |  | 43 | %
Bags and wraps | 16 | % |  | 16 | % |  | 14 | %
Food products | 11 | % |  | 11 | % |  | 10 | %
Cat litter products | 10 | % |  | 9 | % |  | 8 | %
Net Sales and Property, Plant and Equipment, Net by Geographic Area | Net sales and property, plant and equipment, net, by geographic area for and as of the fiscal years ended June 30 were as follows:
| Fiscal Year |  | United States |  | Foreign |  | Total Company
Net sales | 2023 |  | $ | 6,237 |  |  | $ | 1,152 |  |  | $ | 7,389 |
| 2022 |  | 5,951 |  |  | 1,156 |  |  | 7,107 |
| 2021 |  | 6,207 |  |  | 1,134 |  |  | 7,341 |
Property, plant and equipment, net | 2023 |  | 1,192 |  |  | 153 |  |  | 1,345 |
| 2022 |  | 1,180 |  |  | 154 |  |  | 1,334 |

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