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REVENUE RECOGNITION | 12 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | REVENUE RECOGNITION The Company generates all of its revenue from contracts with customers. The following tables disaggregate our revenue for the years ended September 30, 2024, 2023, and 2022, by the Company’s key revenue streams, segments and geographic regions (based upon destination):
|  | 2024
(in millions) |  | GPC |  | H&G |  | HPC |  | Total
Product Sales |  |  |  |  |  |  |  |
NA |  | $ | 706.4 |  |  | $ | 567.0 |  |  | $ | 474.0 |  |  | $ | 1,747.4 |
EMEA |  | 388.5 |  |  | — |  |  | 491.6 |  |  | 880.1 |
LATAM |  | 12.7 |  |  | 9.3 |  |  | 189.8 |  |  | 211.8 |
APAC |  | 29.0 |  |  | — |  |  | 70.3 |  |  | 99.3 |
Licensing |  | 9.8 |  |  | 2.3 |  |  | 7.5 |  |  | 19.6 |
Service and other |  | 5.1 |  |  | — |  |  | 0.6 |  |  | 5.7 |
Total revenue |  | $ | 1,151.5 |  |  | $ | 578.6 |  |  | $ | 1,233.8 |  |  | $ | 2,963.9 |
|  | 2023
(in millions) |  | GPC |  | H&G |  | HPC |  | Total
Product Sales |  |  |  |  |  |  |  |
NA |  | $ | 710.7 |  |  | $ | 527.1 |  |  | $ | 514.4 |  |  | $ | 1,752.2 |
EMEA |  | 361.3 |  |  | — |  |  | 465.0 |  |  | 826.3 |
LATAM |  | 18.0 |  |  | 7.3 |  |  | 181.5 |  |  | 206.8 |
APAC |  | 33.3 |  |  | — |  |  | 73.3 |  |  | 106.6 |
Licensing |  | 10.0 |  |  | 2.1 |  |  | 7.8 |  |  | 19.9 |
Service and other |  | 5.7 |  |  | — |  |  | 1.3 |  |  | 7.0 |
Total revenue |  | $ | 1,139.0 |  |  | $ | 536.5 |  |  | $ | 1,243.3 |  |  | $ | 2,918.8 |
|  | 2022
(in millions) |  | GPC |  | H&G |  | HPC |  | Total
Product Sales |  |  |  |  |  |  |  |
NA |  | $ | 749.8 |  |  | $ | 576.8 |  |  | $ | 609.7 |  |  | $ | 1,936.3 |
EMEA |  | 353.6 |  |  | — |  |  | 460.7 |  |  | 814.3 |
LATAM |  | 19.3 |  |  | 8.0 |  |  | 216.1 |  |  | 243.4 |
APAC |  | 36.5 |  |  | 0.1 |  |  | 71.9 |  |  | 108.5 |
Licensing |  | 9.9 |  |  | 2.2 |  |  | 10.3 |  |  | 22.4 |
Service and other |  | 6.2 |  |  | — |  |  | 1.4 |  |  | 7.6 |
Total revenue |  | $ | 1,175.3 |  |  | $ | 587.1 |  |  | $ | 1,370.1 |  |  | $ | 3,132.5 |
A significant portion of our product sales are subject to the continued use and access of the B&D brand through a license agreement with our HPC segment and primarily concentrated in the NA and LATAM regions. Net sales from B&D product sales consist of $353.2 million, $350.4 million, and $417.3 million for the years ended September 30, 2024, 2023 and 2022, respectively. All other brands and tradenames used in the Company’s commercial operations are either directly owned and not subject to further restrictions, or do not aggregate to a significant portion of net sales for the Company. The Company has a broad range of customers including many large retail customers. During the year ended September 30, 2024, 2023 and 2022, there were two large retail customers, each exceeding 10% of consolidated Net Sales and representing 35.9%, 33.9%, and 32.9% of consolidated Net Sales, respectively. All segments sell products to the two large retail customers exceeding 10% of consolidated Net Sales. 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 revenue 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 liability for product returns for the years ended September 30, 2024, 2023 and 2022:
(in millions) |  | Beginning Balance |  | Charged to Profit & Loss |  | Deductions |  | Other Adjustments |  | Ending Balance
September 30, 2024 |  | $ | 12.8 |  |  | $ | 28.6 |  |  | $ | (27.3) |  |  | $ | 0.3 |  |  | $ | 14.4 |
September 30, 2023 |  | 15.5 |  |  | 8.7 |  |  | (11.2) |  |  | (0.2) |  |  | 12.8 |
September 30, 2022 |  | 11.8 |  |  | 12.4 |  |  | (19.8) |  |  | 11.1 |  |  | 15.5 |
The recent increase in product returns are attributable to additional returns for product recalls with the U.S. Consumer Product Safety Commission (“CPSC”), further discussed in Note 20 - Commitments and Contingencies. Other adjustments include foreign currency translation and the liability for product returns assumed as part of the acquisition of the Tristar Business during the year ended September 30, 2022.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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