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REVENUE RECOGNITION
 9 Months Ended
Jul. 02, 2023
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 and nine month periods ended July 2, 2023 and July 3, 2022, by the Company’s key revenue streams, segments and geographic region (based upon destination):
Three Month Period Ended July 2, 2023Three Month Period Ended July 3, 2022
(in millions)
GPC
H&G
HPC
Total
GPC
H&G
HPC
Total
Product Sales
NA
$167.9 $184.1 $105.4 $457.4 $191.4 $195.6 $170.2 $557.2 
EMEA
88.0 — 104.2 192.2 81.1 — 93.0 174.1 
LATAM
4.7 1.5 47.4 53.6 4.6 1.9 47.2 53.7 
APAC
7.5 — 17.4 24.9 9.8 — 15.8 25.6 
Licensing
2.8 1.0 2.0 5.8 1.9 1.0 2.6 5.5 
Service and other1.4 — 0.2 1.6 1.4 — 0.5 1.9 
Total Revenue
$272.3 $186.6 $276.6 $735.5 $290.2 $198.5 $329.3 $818.0 
Nine Month Period Ended July 2, 2023Nine Month Period Ended July 3, 2022
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Product Sales
NA$530.1 $404.3 $391.6 $1,326.0 $561.3 $462.4 $434.3 $1,458.0 
EMEA269.0 — 340.7 609.7 270.8 — 361.5 632.3 
LATAM12.4 5.0 128.0 145.4 13.8 6.0 167.4 187.2 
APAC24.3 — 52.6 76.9 29.9 — 53.7 83.6 
Licensing7.8 2.0 6.3 16.1 7.0 1.9 7.4 16.3 
Service and other2.9 — 1.1 4.0 4.7 — 0.9 5.6 
Total Revenue$846.5 $411.3 $920.3 $2,178.1 $887.5 $470.3 $1,025.2 $2,383.0 
The Company has a broad range of customers, including many large retail customers. During the three month periods ended July 2, 2023 and July 3, 2022, there were two large retail customers, each exceeding 10% of consolidated Net Sales and representing 33.4% and 34.3% of consolidated Net Sales, respectively. During the nine month periods ended July 2, 2023 and July 3, 2022, there were two large retail customers exceeding 10% of consolidated Net Sales and representing 34.3% and 33.3% of consolidated Net Sales, respectively.
A significant portion of our product sales from our HPC segment are subject to the continued use and access to the Black & Decker ("B&D") brand through a license agreement with Stanley Black and Decker. The license agreement was 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 consisted of $84.2 million, or 11.4% of consolidated net sales, and $102.4 million, or 12.5% of consolidated Net Sales, for the three month periods ended July 2, 2023 and July 3, 2022, respectively. Net sales from B&D product sales consisted of $256.0 million, or 11.8%, and $332.4 million, or 13.9%, of consolidated Net Sales for the nine month periods ended July 2, 2023 and July 3, 2022, 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 products 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 July 2, 2023 and September 30, 2022 was $14.0 million and $15.5 million, respectively.