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SEGMENT RESULTS (Tables) | 6 Months Ended
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Dec. 31, 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 |  | Six months ended
|  | 12/31/2024 |  | 12/31/2023 |  | 12/31/2024 |  | 12/31/2023
Health and Wellness |  | $ | 628 |  |  | $ | 720 |  |  | $ | 1,326 |  |  | $ | 1,224 |
Household |  | 446 |  |  | 502 |  |  | 893 |  |  | 827 |
Lifestyle |  | 338 |  |  | 403 |  |  | 658 |  |  | 632 |
International |  | 274 |  |  | 311 |  |  | 533 |  |  | 581 |
Reportable segment total |  | $ | 1,686 |  |  | $ | 1,936 |  |  | $ | 3,410 |  |  | $ | 3,264 |
Corporate and Other |  | — |  |  | 54 |  |  | 38 |  |  | 112 |
Total |  | $ | 1,686 |  |  | $ | 1,990 |  |  | $ | 3,448 |  |  | $ | 3,376 |
|  | Segment adjusted EBIT
|  | Three months ended |  | Six months ended
|  | 12/31/2024 |  | 12/31/2023 |  | 12/31/2024 |  | 12/31/2023
Health and Wellness |  | $ | 193 |  |  | $ | 259 |  |  | $ | 428 |  |  | $ | 363 |
Household |  | 48 |  |  | 92 |  |  | 108 |  |  | 88 |
Lifestyle |  | 70 |  |  | 109 |  |  | 136 |  |  | 128 |
International |  | 21 |  |  | 32 |  |  | 56 |  |  | 66 |
Reportable segment total |  | $ | 332 |  |  | $ | 492 |  |  | $ | 728 |  |  | $ | 645 |
Corporate and Other |  | (74) |  |  | (106) |  |  | (138) |  |  | (168) |
Total |  | $ | 258 |  |  | $ | 386 |  |  | $ | 590 |  |  | $ | 477 |
Interest income |  | 2 |  |  | 7 |  |  | 5 |  |  | 17 |
Interest expense |  | (22) |  |  | (26) |  |  | (43) |  |  | (47) |
Loss on divestiture (1) |  | — |  |  | — |  |  | (118) |  |  | — |
Pension settlement charge (2) |  | — |  |  | (171) |  |  | — |  |  | (171) |
Cyberattack costs, net of insurance recoveries (3) |  | 25 |  |  | (25) |  |  | 35 |  |  | (49) |
Streamlined operating model (4) |  | — |  |  | (3) |  |  | — |  |  | (3) |
Digital capabilities and productivity enhancements investment (5) |  | (26) |  |  | (32) |  |  | (55) |  |  | (59) |
Earnings before income taxes |  | $ | 237 |  |  | $ | 136 |  |  | $ | 414 |  |  | $ | 165 |
(1)Represents loss on divestiture of the Better Health VMS business corresponding to Corporate and Other. See Note 2 for additional details related to the divestiture. (2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 13 for additional details related to the pension settlement. (3)Represents insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incrementa l expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. See Note 3 for additional details related 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 |  | Six months ended |  |
| 12/31/2024 |  |  |  | 12/31/2023 |  | 12/31/2024 |  | 12/31/2023 |  |
Health and Wellness | — | % |  |  |  | 9 | % |  | — | % |  | 15 | % |  |
Household | — |  |  |  |  | 11 |  |  | — |  |  | 11 |  |  |
Lifestyle | — |  |  |  |  | 12 |  |  | — |  |  | 13 |  |  |
International | — |  |  |  |  | 7 |  |  | — |  |  | 4 |  |  |
Corporate and Other | 100 |  |  |  |  | 61 |  |  | 100 |  |  | 57 |  |  |
Total | 100 | % |  |  |  | 100 | % |  | 100 | % |  | 100 | % |  |
(4)Represents restructuring and related implementation costs, net for the streamlined operating model of $3 for both the three and six months ended December 31, 2023, corresponding to Corporate and Other. (5)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 |  | Six months ended
| 12/31/2024 |  | 12/31/2023 |  | 12/31/2024 |  | 12/31/2023
Cleaning | 32 | % |  | 31 | % |  | 33 | % |  | 31 | %
Professional Products | 5 |  |  | 5 |  |  | 5 |  |  | 5 |
Health and Wellness | 37 | % |  | 36 | % |  | 38 | % |  | 36 | %
Bags and Wraps | 12 |  |  | 12 |  |  | 12 |  |  | 11 |
Cat Litter | 10 |  |  | 9 |  |  | 9 |  |  | 9 |
Grilling | 5 |  |  | 4 |  |  | 5 |  |  | 4 |
Household | 27 | % |  | 25 | % |  | 26 | % |  | 24 | %
Food | 11 |  |  | 11 |  |  | 11 |  |  | 10 |
Water Filtration | 4 |  |  | 4 |  |  | 4 |  |  | 5 |
Natural Personal Care | 5 |  |  | 5 |  |  | 4 |  |  | 4 |
Lifestyle | 20 | % |  | 20 | % |  | 19 | % |  | 19 | %
International | 16 | % |  | 16 | % |  | 16 | % |  | 17 | %
Corporate and Other | — | % |  | 3 | % |  | 1 | % |  | 4 | %
Total | 100 | % |  | 100 | % |  | 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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