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v3.23.1

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Apr. 01, 2023
Segment Reporting [Abstract] |
Summary of Segment Financial Information | The following tables present financial information for the Company’s reportable segments for the periods indicated:
| Three Months Ended |  | Six Months Ended
| April 1, 2023 |  | April 2, 2022 |  | April 1, 2023 |  | April 2, 2022
Net Sales: |  |  |  |  |  |  |
U.S. Consumer | $ | 1,357.4 |  |  | $ | 1,379.8 |  |  | $ | 1,726.3 |  |  | $ | 1,722.2 |
Hawthorne | 92.7 |  |  | 202.6 |  |  | 224.2 |  |  | 393.2 |
Other | 81.4 |  |  | 96.0 |  |  | 107.6 |  |  | 128.9 |
Consolidated | $ | 1,531.5 |  |  | $ | 1,678.4 |  |  | $ | 2,058.1 |  |  | $ | 2,244.3 |
Segment Profit (Loss): |  |  |  |  |  |  |
U.S. Consumer | $ | 397.4 |  |  | $ | 428.9 |  |  | $ | 428.7 |  |  | $ | 439.6 |
Hawthorne | (16.8) |  |  | 3.3 |  |  | (33.0) |  |  | (2.0) |
Other | 14.6 |  |  | 10.5 |  |  | 16.0 |  |  | 11.8 |
Total Segment Profit | 395.2 |  |  | 442.7 |  |  | 411.7 |  |  | 449.4 |
Corporate | (42.1) |  |  | (39.1) |  |  | (74.0) |  |  | (70.5) |
Intangible asset amortization | (6.4) |  |  | (10.4) |  |  | (14.1) |  |  | (19.3) |
Impairment, restructuring and other | (140.5) |  |  | (5.3) |  |  | (159.2) |  |  | (7.1) |
Equity in loss of unconsolidated affiliates | (7.3) |  |  | (6.5) |  |  | (18.7) |  |  | (13.8) |
Interest expense | (48.3) |  |  | (28.3) |  |  | (91.0) |  |  | (52.1) |
Other non-operating income (expense), net | (0.8) |  |  | 1.9 |  |  | 0.8 |  |  | 3.7 |
Income before income taxes | $ | 149.8 |  |  | $ | 355.0 |  |  | $ | 55.5 |  |  | $ | 290.3 |
The following table presents net sales by product category for the periods indicated:
| Three Months Ended |  | Six Months Ended
| April 1, 2023 |  | April 2, 2022 |  | April 1, 2023 |  | April 2, 2022
U.S. Consumer: |  |  |  |  |  |  |
Lawn care | $ | 534.3 |  |  | $ | 536.1 |  |  | $ | 679.7 |  |  | $ | 659.9 |
Growing media and mulch | 517.2 |  |  | 542.0 |  |  | 614.3 |  |  | 622.0 |
Controls | 134.6 |  |  | 141.9 |  |  | 192.8 |  |  | 196.7 |
Roundup® marketing agreement | 70.7 |  |  | 63.9 |  |  | 91.0 |  |  | 84.7 |
Other, primarily gardening | 100.6 |  |  | 95.9 |  |  | 148.5 |  |  | 158.9 |
Hawthorne: |  |  |  |  |  |  |
Lighting | 18.1 |  |  | 42.6 |  |  | 68.4 |  |  | 91.4 |
Nutrients | 24.4 |  |  | 45.1 |  |  | 47.2 |  |  | 81.0 |
Growing environments | 16.0 |  |  | 42.4 |  |  | 41.5 |  |  | 88.4 |
Growing media | 18.5 |  |  | 40.8 |  |  | 36.3 |  |  | 70.7 |
Other, primarily hardware | 15.7 |  |  | 31.7 |  |  | 30.8 |  |  | 61.7 |
Other: |  |  |  |  |  |  |
Growing media | 24.9 |  |  | 27.9 |  |  | 40.3 |  |  | 42.9 |
Lawn care | 29.7 |  |  | 36.6 |  |  | 32.3 |  |  | 39.2 |
Other, primarily gardening and controls | 26.8 |  |  | 31.5 |  |  | 35.0 |  |  | 46.8 |
Total net sales | $ | 1,531.5 |  |  | $ | 1,678.4 |  |  | $ | 2,058.1 |  |  | $ | 2,244.3 |
The following table presents net sales by geographic area for the periods indicated:
| Three Months Ended |  | Six Months Ended
| April 1, 2023 |  | April 2, 2022 |  | April 1, 2023 |  | April 2, 2022
Net sales: |  |  |  |  |  |  |
United States | $ | 1,447.2 |  |  | $ | 1,575.5 |  |  | $ | 1,912.2 |  |  | $ | 2,082.2 |
International | 84.3 |  |  | 102.9 |  |  | 145.9 |  |  | 162.1 |
| $ | 1,531.5 |  |  | $ | 1,678.4 |  |  | $ | 2,058.1 |  |  | $ | 2,244.3 |

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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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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