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RECEIVABLES AND CONCENTRATION OF CREDIT RISK
9 Months Ended
Jul. 02, 2023
Receivables [Abstract]  
RECEIVABLES AND CONCENTRATION OF CREDIT RISK RECEIVABLES AND CONCENTRATION OF CREDIT RISK
The allowance for credit losses on the Company's trade receivables as of July 2, 2023 and September 30, 2022 was $6.9 million and $7.3 million, respectively.
The Company has a broad range of customers, including many large retail customers. As of July 2, 2023 and September 30, 2022, there was two large retail customers exceeding 10% of consolidated Net Trade Receivables and representing 36.1% and 21.9% of consolidated Net Trade Receivables. respectively.
SB/RH
As of July 2, 2023, SB/RH had an outstanding note receivable from its Parent in the amount of $500.8 million, including cumulative interest, with a stated interest rate of 5.14%, due July 22, 2023. The funds were used by the Parent to repurchase common shares of SBH through the accelerated share repurchase agreement further discussed in Note 12 - Shareholder's Equity.