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REVENUE RECOGNITION
12 Months Ended
Sep. 30, 2021
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 year ended September 30, 2021, by the Company’s key revenue streams, segments and geographic region (based upon destination):
September 30, 2021
(in millions)HPCGPCH&GTotal
Product Sales
NA$493.5 $699.9 $598.6 $1,792.0 
EMEA512.1 359.8 — 871.9 
LATAM170.6 15.8 7.0 193.4 
APAC72.7 38.9 — 111.6 
Licensing11.2 9.8 2.5 23.5 
Other— 5.7 — 5.7 
Total Revenue$1,260.1 $1,129.9 $608.1 $2,998.1 
The following table disaggregates our revenue for the year ended September 30, 2020, by the Company’s key revenue streams, segments and geographic region (based upon destination):
September 30, 2020
(in millions)HPCGPCH&GTotal
Product Sales
NA$458.7 $667.4 $543.1 $1,669.2 
EMEA447.3 232.6 — 679.9 
LATAM126.8 14.4 6.7 147.9 
APAC65.8 35.7 — 101.5 
Licensing9.0 8.3 2.1 19.4 
Other— 4.2 — 4.2 
Total Revenue$1,107.6 $962.6 $551.9 $2,622.1 
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)HPCGPCH&GTotal
Product Sales
NA$428.6 $586.1 $502.0 $1,516.7 
EMEA429.3 222.6 — 651.9 
LATAM139.5 13.4 4.4 157.3 
APAC61.0 36.6 — 97.6 
Licensing9.7 6.8 1.7 18.2 
Other— 4.7 — 4.7 
Total Revenue$1,068.1 $870.2 $508.1 $2,446.4 
The Company has a broad range of customers including many large mass retail customers. During the year ended September 30, 2021, there were two large retail customers each exceeding 10% of consolidated Net Sales and representing 31.4% of consolidated Net Sales. During the year ended September 30, 2020, there were two large retail customers each exceeding 10% of consolidated Net Sales and representing 31.8% of consolidated Net Sales. During the year ended September 30, 2019, there was one large retail customer exceeding 10% of consolidated Net Sales and representing 20.9% of consolidated Net Sales.
A significant portion of our product sales from our HPC segment, primarily in the NA and LATAM regions, are subject to the continued use and access of the Black and Decker® brand (B&D) through a license agreement with Stanley Black and Decker, and its continued renewal. Net sales from B&D product sales consist of $400.2 million, $337.7 million, and $324.6 million for the years ended September 30, 2021, 2020 and 2019, respectively. All other significant brands and tradenames used in the Company’s commercial operations are directly owned and not subject to further restrictions.
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. The following is a rollforward of the allowance for product returns for the years ended September 30, 2021, 2020 and 2019:
(in millions)Beginning
Balance
Charged to
Profit & Loss
DeductionsOther
Adjustments
Ending
Balance
September 30, 2021$12.8 $1.5 $(2.9)$0.4 $11.8 
September 30, 20209.8 6.0 (3.3)0.3 12.8 
September 30, 201912.1 1.7 (3.6)(0.4)9.8