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REVENUE RECOGNITION | 6 Months Ended
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Mar. 31, 2024
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 six month periods ended March 31, 2024 and April 2, 2023, by the Company’s key revenue streams, segments and geographic region (based upon destination):
|  | Three Month Period Ended March 31, 2024 |  | Three Month Period Ended April 2, 2023
(in millions) |  | GPC |  | H&G |  | HPC |  | Total |  | GPC |  | H&G |  | HPC |  | Total
Product Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NA |  | $ | 179.2 |  |  | $ | 158.5 |  |  | $ | 105.1 |  |  | $ | 442.8 |  |  | $ | 186.4 |  |  | $ | 151.3 |  |  | $ | 121.6 |  |  | $ | 459.3 |
EMEA |  | 97.8 |  |  | — |  |  | 101.0 |  |  | 198.8 |  |  | 94.4 |  |  | — |  |  | 99.2 |  |  | 193.6 |
LATAM |  | 2.9 |  |  | 1.5 |  |  | 44.8 |  |  | 49.2 |  |  | 4.5 |  |  | 1.5 |  |  | 38.8 |  |  | 44.8 |
APAC |  | 6.5 |  |  | — |  |  | 15.1 |  |  | 21.6 |  |  | 7.4 |  |  | — |  |  | 17.4 |  |  | 24.8 |
Licensing |  | 2.2 |  |  | 0.7 |  |  | 1.8 |  |  | 4.7 |  |  | 2.6 |  |  | 0.5 |  |  | 1.9 |  |  | 5.0 |
Service and other |  | 1.3 |  |  | — |  |  | 0.1 |  |  | 1.4 |  |  | 1.4 |  |  | — |  |  | 0.3 |  |  | 1.7 |
Total Revenue |  | $ | 289.9 |  |  | $ | 160.7 |  |  | $ | 267.9 |  |  | $ | 718.5 |  |  | $ | 296.7 |  |  | $ | 153.3 |  |  | $ | 279.2 |  |  | $ | 729.2 |
|  | Six Month Period Ended March 31, 2024 |  | Six Month Period Ended April 2, 2023
(in millions) |  | GPC |  | H&G |  | HPC |  | Total |  | GPC |  | H&G |  | HPC |  | Total
Product Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NA |  | $ | 348.0 |  |  | $ | 228.4 |  |  | $ | 240.1 |  |  | $ | 816.5 |  |  | $ | 360.8 |  |  | $ | 220.2 |  |  | $ | 286.1 |  |  | $ | 867.1 |
EMEA |  | 193.0 |  |  | — |  |  | 245.2 |  |  | 438.2 |  |  | 181.0 |  |  | — |  |  | 236.5 |  |  | 417.5 |
LATAM |  | 5.8 |  |  | 3.2 |  |  | 88.1 |  |  | 97.1 |  |  | 7.7 |  |  | 3.5 |  |  | 80.6 |  |  | 91.8 |
APAC |  | 12.7 |  |  | — |  |  | 33.9 |  |  | 46.6 |  |  | 16.9 |  |  | — |  |  | 35.2 |  |  | 52.1 |
Licensing |  | 4.7 |  |  | 1.1 |  |  | 3.6 |  |  | 9.4 |  |  | 5.0 |  |  | 0.9 |  |  | 4.3 |  |  | 10.2 |
Service and other |  | 2.6 |  |  | — |  |  | 0.3 |  |  | 2.9 |  |  | 2.9 |  |  | — |  |  | 0.9 |  |  | 3.8 |
Total Revenue |  | $ | 566.8 |  |  | $ | 232.7 |  |  | $ | 611.2 |  |  | $ | 1,410.7 |  |  | $ | 574.3 |  |  | $ | 224.6 |  |  | $ | 643.6 |  |  | $ | 1,442.5 |
The Company has a broad range of customers, including many large retail customers. During the three month periods ended March 31, 2024 and April 2, 2023, there were two large retail customers, each exceeding 10% of consolidated Net Sales and representing 33.5% of consolidated Net Sales in each period. During the six month periods ended March 31, 2024 and April 2, 2023, there were two large retail customers exceeding 10% of consolidated Net Sales and representing 35.8% and 34.8% of consolidated Net Sales, respectively. All segments sell products to the two large retail customers exceeding 10% of consolidated Net Sales. 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 trademark license agreement with Stanley Black and Decker ("SBD"). Net sales from B+D product sales consisted of $78.6 million, or 10.9% of consolidated net sales, and $85.1 million, or 11.7% of consolidated Net Sales, for the three month periods ended March 31, 2024 and April 2, 2023, respectively. Net sales from B+D product sales consisted of $172.5 million, or 12.2%, and $171.9 million, or 11.9%, of consolidated Net Sales for the six month periods ended March 31, 2024 and April 2, 2023, respectively. All other significant brands and tradenames used in the Company’s commercial operations are directly owned and not subject to further restrictions. The Company recently entered into a new trademark license agreement with SBD for the B+D brand during the subsequent period, see Note 18 - Subsequent Event for further detail. 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 March 31, 2024 and September 30, 2023 was $15.3 million and $12.8 million, respectively. The increase in the allowance for product returns are attributable to the additional returns estimated for the recently re-issued product recalls with the HPC segment in collaboration with the U.S. Consumer Product Safety Commission ("CPSC"), further discussed in Note 15 - Commitments and Contingencies.

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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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