XML 36 R23.htm IDEA: XBRL DOCUMENT v3.22.1
SEGMENT INFORMATION
 6 Months Ended
Apr. 02, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company divides its operations into three reportable segments: U.S. Consumer, Hawthorne and Other. U.S. Consumer consists of the Company’s consumer lawn and garden business in the United States. Hawthorne consists of the Company’s indoor and hydroponic gardening business. Other primarily consists of the Company’s consumer lawn and garden business outside the United States. This identification of reportable segments is consistent with how the segments report to and are managed by the chief operating decision maker of the Company. In addition, Corporate consists of general and administrative expenses and certain other income and expense items not allocated to the business segments.
The performance of each reportable segment is evaluated based on several factors, including income (loss) from continuing operations before income taxes, amortization, impairment, restructuring and other charges (“Segment Profit (Loss)”). Senior management uses Segment Profit (Loss) to evaluate segment performance because the Company believes this measure is indicative of performance trends and the overall earnings potential of each segment.
The following tables present financial information for the Company’s reportable segments for the periods indicated:
 Three Months EndedSix Months Ended
 April 2,
2022		April 3,
2021		April 2,
2022		April 3,
2021
Net Sales:
U.S. Consumer$1,379.8 $1,374.0 $1,722.2 $1,782.2 
Hawthorne202.6 363.8 393.2 673.2 
Other96.0 91.0 128.9 122.0 
Consolidated$1,678.4 $1,828.8 $2,244.3 $2,577.4 
Segment Profit (Loss):
U.S. Consumer$428.9 $435.9 $439.6 $481.2 
Hawthorne3.3 41.4 (2.0)81.8 
Other10.5 17.6 11.8 17.6 
Total Segment Profit442.7 494.9 449.4 580.6 
Corporate(39.1)(48.1)(70.5)(82.7)
Intangible asset amortization(10.4)(7.8)(19.3)(15.2)
Impairment, restructuring and other(5.3)(14.9)(7.1)(24.6)
Equity in loss of unconsolidated affiliates(6.5)(1.5)(13.8)(1.5)
Interest expense(28.3)(19.3)(52.1)(35.4)
Other non-operating income, net1.9 0.9 3.7 16.1 
Income from continuing operations before income taxes$355.0 $404.2 $290.3 $437.3 
The following table presents net sales by product category for the periods indicated:
Three Months EndedSix Months Ended
April 2,
2022		April 3,
2021		April 2,
2022		April 3,
2021
U.S. Consumer:
Growing media and mulch$542.0 $532.4 $622.0 $622.4 
Lawn care536.1 530.3 659.9 696.3 
Controls141.9 142.2 196.7 204.7 
Roundup® marketing agreement
63.9 63.8 84.7 81.1 
Other95.9 105.3 158.9 177.7 
Hawthorne:
Nutrients45.1 80.1 81.0 141.2 
Lighting42.6 108.5 91.4 223.8 
Growing environments42.4 65.5 88.4 121.3 
Growing media40.8 58.4 70.7 94.0 
Other, primarily hardware31.7 51.3 61.7 92.9 
Other:
Lawn care36.6 34.4 39.2 39.2 
Growing media27.9 27.9 42.9 44.7 
Other, primarily gardening and controls31.5 28.7 46.8 38.1 
Total net sales$1,678.4 $1,828.8 $2,244.3 $2,577.4 

The following table presents net sales by geographic area for the periods indicated:
Three Months EndedSix Months Ended
April 2,
2022		April 3,
2021		April 2,
2022		April 3,
2021
Net sales:
United States$1,575.5 $1,711.2 $2,082.2 $2,391.7 
International102.9 117.6 162.1 185.7 
$1,678.4 $1,828.8 $2,244.3 $2,577.4