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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Financial Information | The following tables present financial information for the Company’s reportable segments for the periods indicated:
| Year Ended September 30,
| 2023 |  | 2022 |  | 2021
Net Sales: |  |  |  |  |
U.S. Consumer | $ | 2,843.7 |  |  | $ | 2,928.8 |  |  | $ | 3,197.7 |
Hawthorne | 467.3 |  |  | 716.2 |  |  | 1,424.2 |
Other | 240.3 |  |  | 279.1 |  |  | 303.1 |
Consolidated | $ | 3,551.3 |  |  | $ | 3,924.1 |  |  | $ | 4,925.0 |
Segment Profit (Loss): |  |  |  |  |
U.S. Consumer | $ | 454.1 |  |  | $ | 568.6 |  |  | $ | 726.7 |
Hawthorne | (48.1) |  |  | (21.1) |  |  | 163.8 |
Other | 12.4 |  |  | 20.2 |  |  | 42.1 |
Total Segment Profit | 418.4 |  |  | 567.7 |  |  | 932.6 |
Corporate | (101.6) |  |  | (112.4) |  |  | (149.7) |
Intangible asset amortization | (25.2) |  |  | (37.1) |  |  | (30.9) |
Impairment, restructuring and other | (466.0) |  |  | (852.2) |  |  | (29.0) |
Equity in income (loss) of unconsolidated affiliates | (101.1) |  |  | (12.9) |  |  | 14.4 |
Interest expense | (178.1) |  |  | (118.1) |  |  | (78.9) |
Other non-operating income, net | 0.3 |  |  | 6.9 |  |  | 18.6 |
Income (loss) from continuing operations before income taxes | $ | (453.3) |  |  | $ | (558.1) |  |  | $ | 677.1 |
Depreciation and amortization: |  |  |  |  |
U.S. Consumer | $ | 58.2 |  |  | $ | 55.8 |  |  | $ | 48.6 |
Hawthorne | 25.8 |  |  | 34.8 |  |  | 30.3 |
Other | 5.6 |  |  | 7.0 |  |  | 7.0 |
Corporate | 2.9 |  |  | 7.6 |  |  | 7.9 |
| $ | 92.5 |  |  | $ | 105.2 |  |  | $ | 93.8 |
Capital expenditures: |  |  |  |  |
U.S. Consumer | $ | 79.6 |  |  | $ | 97.4 |  |  | $ | 78.3 |
Hawthorne | 8.5 |  |  | 12.4 |  |  | 25.0 |
Other | 4.7 |  |  | 3.7 |  |  | 3.6 |
| $ | 92.8 |  |  | $ | 113.5 |  |  | $ | 106.9 |
| September 30,
| 2023 |  | 2022
Total assets: |  |  |
U.S. Consumer | $ | 2,296.2 |  |  | $ | 2,454.4 |
Hawthorne | 581.6 |  |  | 1,061.5 |
Other | 189.8 |  |  | 197.1 |
Corporate | 346.1 |  |  | 583.8 |
Consolidated | $ | 3,413.7 |  |  | $ | 4,296.8 |
Net sales by product category | The following table presents net sales by product category for the periods indicated:
| Year Ended September 30,
| 2023 |  | 2022 |  | 2021
U.S. Consumer: |  |  |  |  |
Growing media and mulch | $ | 1,223.7 |  |  | $ | 1,192.6 |  |  | $ | 1,286.7 |
Lawn care | 897.4 |  |  | 973.6 |  |  | 1,060.6 |
Controls | 362.9 |  |  | 382.2 |  |  | 402.4 |
Roundup® marketing agreement | 138.7 |  |  | 132.3 |  |  | 145.2 |
Other, primarily gardening | 221.0 |  |  | 248.1 |  |  | 302.8 |
Hawthorne: |  |  |  |  |
Lighting | 165.9 |  |  | 200.0 |  |  | 452.4 |
Nutrients | 105.3 |  |  | 148.0 |  |  | 324.7 |
Growing environment | 72.5 |  |  | 143.7 |  |  | 264.0 |
Growing media | 67.5 |  |  | 119.0 |  |  | 192.6 |
Other, primarily hardware | 56.1 |  |  | 105.5 |  |  | 190.5 |
Other: |  |  |  |  |
Growing media | 93.0 |  |  | 96.6 |  |  | 116.7 |
Lawn care | 75.8 |  |  | 92.9 |  |  | 99.2 |
Other, primarily gardening and controls | 71.5 |  |  | 89.6 |  |  | 87.2 |
Total net sales | $ | 3,551.3 |  |  | $ | 3,924.1 |  |  | $ | 4,925.0 |
Percentages of Largest Customers Consolidated Net Sales | The Company’s two largest customers accounted for the following percentages of net sales for the fiscal years ended September 30:
| Percentage of Net Sales
| 2023 |  | 2022 |  | 2021
Home Depot | 29 | % |  | 28 | % |  | 24 | %
Lowe’s | 18 | % |  | 15 | % |  | 15 | %
Net Sales and Long-lived Assets by Geographic Area | The following table presents net sales by geographic area for the periods indicated:
| Year Ended September 30,
| 2023 |  | 2022 |  | 2021
Net sales: |  |  |  |  |
United States | $ | 3,209.5 |  |  | $ | 3,554.6 |  |  | $ | 4,507.0 |
International | 341.8 |  |  | 369.5 |  |  | 418.0 |
| $ | 3,551.3 |  |  | $ | 3,924.1 |  |  | $ | 4,925.0 |
The following table presents long-lived assets (property, plant and equipment and finite-lived intangibles) by geographic area:
| September 30,
| 2023 |  | 2022
Long-lived assets: |  |  |
United States | $ | 644.4 |  |  | $ | 753.3 |
International | 78.7 |  |  | 109.0 |
| $ | 723.1 |  |  | $ | 862.3 |

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