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Revenue Recognition | 12 Months Ended
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Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | REVENUE RECOGNITION The Company generates all of its revenue from contracts with customers. The following table disaggregates our revenue for the years ended September 30, 2020, by the Company’s key revenue streams, segments and geographic region (based upon destination):
|  | September 30, 2020
(in millions) |  | HHI |  | HPC |  | GPC |  | H&G |  | Total
Product Sales |  |  |  |  |  |  |  |  |  |
NA |  | $ | 1,305.2 |  |  | $ | 458.7 |  |  | $ | 667.4 |  |  | $ | 543.1 |  |  | $ | 2,974.4 |
EMEA |  | — |  |  | 447.3 |  |  | 232.6 |  |  | — |  |  | 679.9 |
LATAM |  | 33.3 |  |  | 126.8 |  |  | 14.4 |  |  | 6.7 |  |  | 181.2 |
APAC |  | 2.6 |  |  | 65.8 |  |  | 35.7 |  |  | — |  |  | 104.1 |
Licensing |  | 1.0 |  |  | 9.0 |  |  | 8.3 |  |  | 2.1 |  |  | 20.4 |
Other |  | — |  |  | — |  |  | 4.2 |  |  | — |  |  | 4.2 |
Total Revenue |  | $ | 1,342.1 |  |  | $ | 1,107.6 |  |  | $ | 962.6 |  |  | $ | 551.9 |  |  | $ | 3,964.2 |
The following table disaggregates our revenue for the year ended September 30, 2019, by the Company’s key revenue streams, segments and geographic region (based upon destination):
|  | September 30, 2019
(in millions) |  | HHI |  | HPC |  | GPC |  | H&G |  | Total
Product Sales |  |  |  |  |  |  |  |  |  |
NA |  | $ | 1,282.5 |  |  | $ | 428.6 |  |  | $ | 586.1 |  |  | $ | 502.0 |  |  | $ | 2,799.2 |
EMEA |  | 0.8 |  |  | 429.3 |  |  | 222.6 |  |  | — |  |  | 652.7 |
LATAM |  | 47.1 |  |  | 139.5 |  |  | 13.4 |  |  | 4.4 |  |  | 204.4 |
APAC |  | 24.0 |  |  | 61.0 |  |  | 36.6 |  |  | — |  |  | 121.6 |
Licensing |  | 1.3 |  |  | 9.7 |  |  | 6.8 |  |  | 1.7 |  |  | 19.5 |
Other |  | — |  |  | — |  |  | 4.7 |  |  | — |  |  | 4.7 |
Total Revenue |  | $ | 1,355.7 |  |  | $ | 1,068.1 |  |  | $ | 870.2 |  |  | $ | 508.1 |  |  | $ | 3,802.1 |
The Company has a broad range of customers including many large retail outlet chains, three of which exceed 10% of consolidated Net Sales. These three customers represented 34.8%, 34.4% and 31.3% of the Company’s Net Sales during years ended September 30, 2020, 2019 and 2018, respectively. On October 1, 2018, the Company adopted Topic 606 applying the modified retrospective method to all contracts that were not completed as of October 1, 2018. Results for reporting periods beginning after October 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of Topic 606 did not have a material impact to its period revenue or net income on an ongoing basis. Refer to Note 2 – Significant Accounting Policies and Practices for further discussion of the revenue recognition of Topic 606. In the normal course of business, the Company may allow customers to return product or take credit for product returns per the provisions in a sale agreement. Estimated product returns are recorded as a reduction in reported revenues at the time of sale based upon historical product return experience, adjusted for known trends, to arrive at the amount of consideration expected to receive. For the anticipated value of the returns, the adoption of Topic 606 resulted in the recognition of a return asset included in the Prepaid Expenses and Other Current Assets and the returns liability recognized in Other Current Liabilities. Prior to the adoption of Topic 606, the reserve for product returns was recognized net of anticipated value of returned product as a reduction to Trade Receivable, Net on the Company’s Consolidated Statement of Financial Position. The following is a rollforward of the allowance for product returns for the years ended September 30, 2020, 2019 and 2018:
(in millions) |  | Beginning Balance |  | Charged to Profit & Loss |  | Deductions |  | Other Adjustments |  | Ending Balance
September 30, 2020 |  | $ | 19.2 |  |  | $ | 36.9 |  |  | $ | (33.3) |  |  | $ | 0.3 |  |  | $ | 23.1 |
September 30, 2019 |  | 20.9 |  |  | 33.4 |  |  | (34.4) |  |  | (0.7) |  |  | 19.2 |
September 30, 2018 |  | 20.3 |  |  | 30.3 |  |  | (31.8) |  |  | 2.1 |  |  | 20.9 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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