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SEGMENT RESULTS (Tables) | 3 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | 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 |  |
|  | 9/30/2024 |  | 9/30/2023 |  |  |  |
Health and Wellness |  | $ | 698 |  |  | $ | 504 |  |  |  |  |
Household |  | 447 |  |  | 325 |  |  |  |  |
Lifestyle |  | 320 |  |  | 229 |  |  |  |  |
International |  | 259 |  |  | 270 |  |  |  |  |
Reportable segment total |  | $ | 1,724 |  |  | $ | 1,328 |  |  |  |  |
Corporate and Other |  | 38 |  |  | 58 |  |  |  |  |
Total |  | $ | 1,762 |  |  | $ | 1,386 |  |  |  |  |
|  | Segment adjusted EBIT
|  | Three months ended |  |
|  | 9/30/2024 |  | 9/30/2023 |  |  |  |
Health and Wellness |  | $ | 235 |  |  | $ | 104 |  |  |  |  |
Household |  | 60 |  |  | (4) |  |  |  |  |
Lifestyle |  | 66 |  |  | 19 |  |  |  |  |
International |  | 35 |  |  | 34 |  |  |  |  |
Reportable segment total |  | $ | 396 |  |  | $ | 153 |  |  |  |  |
Corporate and Other |  | (64) |  |  | (62) |  |  |  |  |
Total |  | $ | 332 |  |  | $ | 91 |  |  |  |  |
Interest income |  | 3 |  |  | 10 |  |  |  |  |
Interest expense |  | (21) |  |  | (21) |  |  |  |  |
Loss on divestiture (1) |  | (118) |  |  | — |  |  |  |  |
Cyberattack costs, net of insurance recoveries (2) |  | 10 |  |  | (24) |  |  |  |  |
Digital capabilities and productivity enhancements investment (3) |  | (29) |  |  | (27) |  |  |  |  |
Earnings before income taxes |  | $ | 177 |  |  | $ | 29 |  |  |  |  |
(1)Represents loss on divestiture of the VMS business corresponding to Corporate and Other. See Note 2 for additional details related to the divestiture. (2)Represents insurance recoveries of $10 in the three months ended September 30, 2024 and incurred incrementa l expenses of approximately $24 in the three months ended September 30, 2023 as a result of the cyberattack. See Note 3 for additional details relating to the August 2023 cyberattack. For informational purposes, the following table provides the approximate cyberattack costs and insurance recoveries corresponding to the Company’s reportable segments as a percentage of the total:
| Three months ended |  |
| 9/30/2024 |  |  |  | 9/30/2023 |  |  |  |
Health and Wellness | — | % |  |  |  | 22 | % |  |  |  |
Household | — |  |  |  |  | 11 |  |  |  |  |
Lifestyle | — |  |  |  |  | 14 |  |  |  |  |
International | — |  |  |  |  | 1 |  |  |  |  |
Corporate and Other | 100 |  |  |  |  | 52 |  |  |  |  |
Total | 100 | % |  |  |  | 100 | % |  |  |  |
(3)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
Schedule of Net Sales Percentages | 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 |  |
|  | 9/30/2024 |  | 9/30/2023 |  |  |  |
Cleaning |  | 34 | % |  | 32 | % |  |  |  |  |  |
Professional Products |  | 6 |  |  | 4 |  |  |  |  |  |  |
Health and Wellness |  | 40 | % |  | 36 | % |  |  |  |  |  |
Bags and Wraps |  | 11 |  |  | 11 |  |  |  |  |  |  |
Cat Litter |  | 9 |  |  | 8 |  |  |  |  |  |  |
Grilling |  | 5 |  |  | 5 |  |  |  |  |  |  |
Household |  | 25 | % |  | 24 | % |  |  |  |  |  |
Food |  | 10 |  |  | 9 |  |  |  |  |  |  |
Water Filtration |  | 5 |  |  | 5 |  |  |  |  |  |  |
Natural Personal Care |  | 3 |  |  | 3 |  |  |  |  |  |  |
Lifestyle |  | 18 | % |  | 17 | % |  |  |  |  |  |
International |  | 15 | % |  | 19 | % |  |  |  |  |  |
Corporate and Other |  | 2 | % |  | 4 | % |  |  |  |  |  |
Total |  | 100 | % |  | 100 | % |  |  |  |  |  |

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