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SEGMENT INFORMATION (Tables)

6 Months Ended

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
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-Paragraph 22
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-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

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- References

No definition available.

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