XML 45 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1

SEGMENT INFORMATION (Tables)

9 Months Ended

Jun. 29, 2024

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												Nine Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Net Sales:
U.S. Consumer			$	1,017.5					$	916.4					$	2,704.0					$	2,642.7
Hawthorne			67.7						93.4						214.2						317.6
Other			117.0						108.9						219.8						216.5
Consolidated			$	1,202.2					$	1,118.7					$	3,138.0					$	3,176.8
Segment Profit (Loss):
U.S. Consumer			$	210.3					$	124.8					$	580.5					$	553.5
Hawthorne			3.8						(8.7)						(9.2)						(41.7)
Other			11.7						5.8						13.0						21.8
Total Segment Profit			225.8						121.9						584.3						533.6
Corporate			(25.1)						(3.4)						(86.8)						(77.4)
Intangible asset amortization			(3.9)						(6.7)						(11.8)						(20.8)
Impairment, restructuring and other			3.3						(34.5)						(60.8)						(193.7)
Equity in income (loss) of unconsolidated affiliates			23.0						22.2						(6.5)						3.5
Interest expense			(38.8)						(47.1)						(125.6)						(138.1)
Other non-operating income (expense), net			(1.3)						(0.4)						(4.2)						0.2
Income before income taxes			$	183.0					$	52.0					$	288.6					$	107.3

The following table presents net sales by product category for the periods indicated:

			Three Months Ended												Nine Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
U.S. Consumer:
Growing media and mulch			$	568.5					$	552.9					$	1,232.0					$	1,167.2
Lawn care			203.5						165.0						832.1						844.7
Controls			134.5						113.7						325.0						306.5
Roundup® marketing agreement			53.6						30.7						141.6						121.7
Other, primarily gardening			57.4						54.1						173.3						202.6
Hawthorne:
Nutrients			27.2						27.3						68.4						74.5
Lighting			12.7						20.7						60.7						89.1
Growing media			9.4						17.3						30.8						53.6
Growing environments			7.0						13.1						24.8						54.6
Other, primarily hardware			11.4						15.0						29.5						45.8
Other:
Growing media			46.7						44.3						83.2						84.6
Lawn care			39.9						37.0						73.7						69.3
Other, primarily gardening and controls			30.4						27.6						62.9						62.6
Total net sales			$	1,202.2					$	1,118.7					$	3,138.0					$	3,176.8

The following table presents net sales by geographic area for the periods indicated:

			Three Months Ended												Nine Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Net sales:
United States			$	1,083.6					$	1,008.3					$	2,891.1					$	2,920.5
International			118.6						110.4						246.9						256.3
			$	1,202.2					$	1,118.7					$	3,138.0					$	3,176.8

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration