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SEGMENT RESULTS (Tables) | 3 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Selected Financial Information Relating to the Company's Segments | The principle measure of segment profitability used by management is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as charges relating to the cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions and other nonrecurring or unusual items impacting comparability). 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 and Other.
|  | Net sales
|  | Three months ended |  |
|  | 9/30/2023 |  | 9/30/2022 |  |  |  |
Health and Wellness |  | $ | 504 |  |  | $ | 657 |  |  |  |  |
Household |  | 325 |  |  | 423 |  |  |  |  |
Lifestyle |  | 229 |  |  | 320 |  |  |  |  |
International |  | 270 |  |  | 285 |  |  |  |  |
Corporate and Other |  | 58 |  |  | 55 |  |  |  |  |
Total |  | $ | 1,386 |  |  | $ | 1,740 |  |  |  |  |
|  | Segment adjusted EBIT
|  | Three months ended |  |
|  | 9/30/2023 |  | 9/30/2022 |  |  |  |
Health and Wellness |  | $ | 104 |  |  | $ | 133 |  |  |  |  |
Household |  | (4) |  |  | 22 |  |  |  |  |
Lifestyle |  | 19 |  |  | 60 |  |  |  |  |
International |  | 34 |  |  | 23 |  |  |  |  |
Corporate and Other |  | (62) |  |  | (63) |  |  |  |  |
Total |  | $ | 91 |  |  | $ | 175 |  |  |  |  |
Interest income |  | 10 |  |  | 2 |  |  |  |  |
Interest expense |  | (21) |  |  | (22) |  |  |  |  |
Cyberattack costs (1) |  | (24) |  |  | — |  |  |  |  |
Streamlined operating model (2) |  | — |  |  | (19) |  |  |  |  |
Digital capabilities and productivity enhancements investment (3) |  | (27) |  |  | (20) |  |  |  |  |
Earnings before income taxes |  | $ | 29 |  |  | $ | 116 |  |  |  |  |
(1)Represents incremental costs related to the cyberattack detailed in Note 2. For informational purposes the following table provides the approximate cyberattack costs corresponding to the Company’s reportable segments as a percentage of total costs:
|  | Three months ended |  |  |  |  |  |  |
|  | 9/30/2023 |  |  |  |  |  |  |
| Health and Wellness | 22 | % |  |  |  |  |  |  |
| Household | 11 |  |  |  |  |  |  |  |
| Lifestyle | 14 |  |  |  |  |  |  |  |
| International | 1 |  |  |  |  |  |  |  |
| Corporate and Other | 52 |  |  |  |  |  |  |  |
| Total | 100 | % |  |  |  |  |  |  |
(2)Represents restructuring and related implementation costs, net for the streamlined operating model of $0 and $19 for the three months ended September 30, 2023 and 2022, respectively. 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 |  | Three months ended |  |  | Inception to date ended
|  | 9/30/2023 |  | 9/30/2022 |  |  | 9/30/2023
| Health and Wellness | — | % |  | 6 | % |  |  | 6 | %
| Household | — |  |  | — |  |  |  | 1 |
| Lifestyle | — |  |  | 5 |  |  |  | 3 |
| International | — |  |  | 19 |  |  |  | 16 |
| Corporate and Other | — |  |  | 70 |  |  |  | 74 |
| Total | — | % |  | 100 | % |  |  | 100 | %
(3)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other. The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the periods indicated:
|  | Net sales |
|  | Three months ended |  |
|  | 9/30/2023 |  | 9/30/2022 |  |  |  |
Cleaning |  | 32 |  | % |  | 33 |  | % |  |  |  |  |  |
Professional Products |  | 4 |  |  |  | 5 |  |  |  |  |  |  |  |
Health and Wellness |  | 36 |  | % |  | 38 |  | % |  |  |  |  |  |
Bags and Wraps |  | 11 |  |  |  | 11 |  |  |  |  |  |  |  |
Cat Litter |  | 8 |  |  |  | 8 |  |  |  |  |  |  |  |
Grilling |  | 5 |  |  |  | 5 |  |  |  |  |  |  |  |
Household |  | 24 |  | % |  | 24 |  | % |  |  |  |  |  |
Food |  | 9 |  |  |  | 10 |  |  |  |  |  |  |  |
Natural Personal Care |  | 3 |  |  |  | 4 |  |  |  |  |  |  |  |
Water Filtration |  | 5 |  |  |  | 5 |  |  |  |  |  |  |  |
Lifestyle |  | 17 |  | % |  | 19 |  | % |  |  |  |  |  |
International |  | 19 |  | % |  | 16 |  | % |  |  |  |  |  |
Corporate and Other |  | 4 |  | % |  | 3 |  | % |  |  |  |  |  |
Total |  | 100 |  | % |  | 100 |  | % |  |  |  |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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