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REVENUE RECOGNITION
3 Months Ended
Jan. 02, 2022
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 three month periods ended January 2, 2022 and January 3, 2021, by the Company’s key revenue streams, segments and geographic region (based upon destination):
Three Month Period Ended January 2, 2022Three Month Period Ended January 3, 2021
(in millions)
HPC
GPC
H&G
Total
HPC
GPC
H&G
Total
Product Sales
NA
$127.4 $187.4 $72.6 $387.4 $142.6 $178.1 $80.3 $401.0 
EMEA
159.4 94.4 — 253.8 167.5 81.3 — 248.8 
LATAM
68.6 4.7 2.4 75.7 42.4 4.0 1.7 48.1 
APAC
21.7 11.2 — 32.9 22.3 9.1 — 31.4 
Licensing
2.6 2.7 0.3 5.6 3.7 1.8 0.3 5.8 
Other
— 1.8 — 1.8 — 1.1 — 1.1 
Total Revenue
$379.7 $302.2 $75.3 $757.2 $378.5 $275.4 $82.3 $736.2 
The Company has a broad range of customers including many large mass retail customers. During the three month period ended January 2, 2022 and January 3, 2021, there were two large retail customers each exceeding 10% of consolidated Net Sales and representing 33.0% and 33.8% of consolidated Net Sales, respectively.
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 to the Black and Decker® brand (B&D) through a license agreement with Stanley Black and Decker. The license agreement was recently renewed through June 30, 2025, including a sell-off period from April 1, 2025 to June 30, 2025 whereby the Company can continue to sell and distribute but no longer produce products subject to the License Agreement. Net sales from B&D product sales consist of $129.4 million and $111.6 million for the three month periods ended January 2, 2022 and January 3, 2021, 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 be received. The allowance for product returns as of January 2, 2022, and September 30, 2021 was $13.3 million and $11.8 million, respectively.