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SEGMENT INFORMATION
 12 Months Ended
Sep. 30, 2023
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 in Canada. 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:
Year Ended September 30,
202320222021
Net Sales:
U.S. Consumer$2,843.7 $2,928.8 $3,197.7 
Hawthorne467.3 716.2 1,424.2 
Other240.3 279.1 303.1 
Consolidated$3,551.3 $3,924.1 $4,925.0 
Segment Profit (Loss):
U.S. Consumer$454.1 $568.6 $726.7 
Hawthorne(48.1)(21.1)163.8 
Other12.4 20.2 42.1 
Total Segment Profit418.4 567.7 932.6 
Corporate(101.6)(112.4)(149.7)
Intangible asset amortization(25.2)(37.1)(30.9)
Impairment, restructuring and other(466.0)(852.2)(29.0)
Equity in income (loss) of unconsolidated affiliates(101.1)(12.9)14.4 
Interest expense(178.1)(118.1)(78.9)
Other non-operating income, net0.3 6.9 18.6 
Income (loss) from continuing operations before income taxes$(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 
Other5.6 7.0 7.0 
Corporate2.9 7.6 7.9 
$92.5 $105.2 $93.8 
Capital expenditures:
U.S. Consumer$79.6 $97.4 $78.3 
Hawthorne8.5 12.4 25.0 
Other4.7 3.7 3.6 
$92.8 $113.5 $106.9 
September 30,
20232022
Total assets:
U.S. Consumer$2,296.2 $2,454.4 
Hawthorne581.6 1,061.5 
Other189.8 197.1 
Corporate346.1 583.8 
Consolidated$3,413.7 $4,296.8 

The following table presents net sales by product category for the periods indicated:
Year Ended September 30,
202320222021
U.S. Consumer:
Growing media and mulch$1,223.7 $1,192.6 $1,286.7 
Lawn care897.4 973.6 1,060.6 
Controls362.9 382.2 402.4 
Roundup® marketing agreement
138.7 132.3 145.2 
Other, primarily gardening221.0 248.1 302.8 
Hawthorne:
Lighting165.9 200.0 452.4 
Nutrients105.3 148.0 324.7 
Growing environment72.5 143.7 264.0 
Growing media67.5 119.0 192.6 
Other, primarily hardware56.1 105.5 190.5 
Other:
Growing media93.0 96.6 116.7 
Lawn care75.8 92.9 99.2 
Other, primarily gardening and controls71.5 89.6 87.2 
Total net sales$3,551.3 $3,924.1 $4,925.0 
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
202320222021
Home Depot29 %28 %24 %
Lowe’s18 %15 %15 %
Accounts receivable for these two largest customers as a percentage of consolidated accounts receivable were 41% and 46% as of September 30, 2023 and 2022, respectively.
The following table presents net sales by geographic area for the periods indicated:
Year Ended September 30,
202320222021
Net sales:
United States$3,209.5 $3,554.6 $4,507.0 
International341.8 369.5 418.0 
$3,551.3 $3,924.1 $4,925.0 
Other than the United States, no other country accounted for more than 10% of the Company’s net sales for any period presented above.
The following table presents long-lived assets (property, plant and equipment and finite-lived intangibles) by geographic area: 
September 30,
20232022
Long-lived assets:
United States$644.4 $753.3 
International78.7 109.0 
$723.1 $862.3