XML 22 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

REVENUE RECOGNITION AND RECEIVABLES | 6 Months Ended
--- | ---
Mar. 30, 2025
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION AND RECEIVABLES | REVENUE RECOGNITION AND RECEIVABLES 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 30, 2025 and March 31, 2024, by segment and geographic region (based upon destination) and revenue type:
|  | Three Month Period Ended March 30, 2025 |  | Three Month Period Ended March 31, 2024
(in millions) |  | GPC |  | H&G |  | HPC |  | Total |  | GPC |  | H&G |  | HPC |  | Total
Geographic Region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NA |  | $ | 165.4 |  |  | $ | 150.3 |  |  | $ | 97.0 |  |  | $ | 412.7 |  |  | $ | 182.7 |  |  | $ | 159.1 |  |  | $ | 105.7 |  |  | $ | 447.5 |
EMEA |  | 95.0 |  |  | — |  |  | 99.6 |  |  | 194.6 |  |  | 97.8 |  |  | — |  |  | 102.3 |  |  | 200.1 |
LATAM |  | 3.1 |  |  | 2.0 |  |  | 45.1 |  |  | 50.2 |  |  | 2.9 |  |  | 1.6 |  |  | 44.8 |  |  | 49.3 |
APAC |  | 5.7 |  |  | — |  |  | 12.5 |  |  | 18.2 |  |  | 6.5 |  |  | — |  |  | 15.1 |  |  | 21.6 |
Total revenue |  | $ | 269.2 |  |  | $ | 152.3 |  |  | $ | 254.2 |  |  | $ | 675.7 |  |  | $ | 289.9 |  |  | $ | 160.7 |  |  | $ | 267.9 |  |  | $ | 718.5 |
Revenue type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 266.1 |  |  | $ | 151.7 |  |  | $ | 252.3 |  |  | $ | 670.1 |  |  | $ | 286.4 |  |  | $ | 160.0 |  |  | $ | 266.0 |  |  | $ | 712.4 |
Licensing |  | 2.1 |  |  | 0.6 |  |  | 1.7 |  |  | 4.4 |  |  | 2.2 |  |  | 0.7 |  |  | 1.8 |  |  | 4.7 |
Service and other |  | 1.0 |  |  | — |  |  | 0.2 |  |  | 1.2 |  |  | 1.3 |  |  | — |  |  | 0.1 |  |  | 1.4 |
Total revenue |  | $ | 269.2 |  |  | $ | 152.3 |  |  | $ | 254.2 |  |  | $ | 675.7 |  |  | $ | 289.9 |  |  | $ | 160.7 |  |  | $ | 267.9 |  |  | $ | 718.5 |
|  | Six Month Period Ended March 30, 2025 |  | Six Month Period Ended March 31, 2024
(in millions) |  | GPC |  | H&G |  | HPC |  | Total |  | GPC |  | H&G |  | HPC |  | Total
Geographic Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NA |  | $ | 317.4 |  |  | $ | 240.8 |  |  | $ | 228.2 |  |  | $ | 786.4 |  |  | $ | 355.3 |  |  | $ | 229.5 |  |  | $ | 241.5 |  |  | $ | 826.3 |
EMEA |  | 194.0 |  |  | — |  |  | 257.4 |  |  | 451.4 |  |  | 193.0 |  |  | — |  |  | 247.6 |  |  | 440.6 |
LATAM |  | 5.2 |  |  | 3.6 |  |  | 85.1 |  |  | 93.9 |  |  | 5.8 |  |  | 3.2 |  |  | 88.1 |  |  | 97.1 |
APAC |  | 12.6 |  |  | — |  |  | 31.6 |  |  | 44.2 |  |  | 12.7 |  |  | — |  |  | 34.0 |  |  | 46.7 |
Total revenue |  | $ | 529.2 |  |  | $ | 244.4 |  |  | $ | 602.3 |  |  | $ | 1,375.9 |  |  | $ | 566.8 |  |  | $ | 232.7 |  |  | $ | 611.2 |  |  | $ | 1,410.7 |
Revenue type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product Sales |  | $ | 523.2 |  |  | $ | 243.6 |  |  | $ | 598.6 |  |  | $ | 1,365.4 |  |  | $ | 559.5 |  |  | $ | 231.6 |  |  | $ | 607.3 |  |  | $ | 1,398.4 |
Licensing |  | 4.2 |  |  | 0.8 |  |  | 3.4 |  |  | 8.4 |  |  | 4.7 |  |  | 1.1 |  |  | 3.6 |  |  | 9.4 |
Service and other |  | 1.8 |  |  | — |  |  | 0.3 |  |  | 2.1 |  |  | 2.6 |  |  | — |  |  | 0.3 |  |  | 2.9 |
Total revenue |  | $ | 529.2 |  |  | $ | 244.4 |  |  | $ | 602.3 |  |  | $ | 1,375.9 |  |  | $ | 566.8 |  |  | $ | 232.7 |  |  | $ | 611.2 |  |  | $ | 1,410.7 |
The Company has identified significant customers consisting of two large retail customers, each regularly exceeding 10% of consolidated net sales. All segments sell products to the significant customers and sales with those customers are considered significant to the respective segments. The following table summarizes significant concentration risk associated with net sales for the three and six month periods ended March 30, 2025 and March 31, 2024.
|  | Three month periods ended |  | Six month periods ended
(% of Net Sales) |  | March 30, 2025 |  | March 31, 2024 |  | March 30, 2025 |  | March 31, 2024
Significant customers, exceeding 10% of net sales |  | 34.8 | % |  | 33.5 | % |  | 36.4 | % |  | 35.8 | %
Subject to Black & Decker trademark license agreement |  | 11.0 | % |  | 10.9 | % |  | 11.8 | % |  | 12.2 | %
The following summarizes the concentration risk of the associated receivables from the two significant customers. There were no additional concentrations of credit risk exceeding 10% of net trade receivables.
(% of Trade Receivables, Net) |  | March 30, 2025 |  | September 30, 2024
Significant customers |  | 43.1 | % |  | 42.6 | %
The following summarizes the allowance for product returns with direct customers and estimated credit losses on trade receivables as of March 30, 2025 and September 30, 2024. Costs and reserves associated with standard product warranties with consumers are not material to the condensed consolidated financial statements.
(in millions) |  | Line Item |  | March 30, 2025 |  | September 30, 2024
Liability for product returns |  | Other current liabilities |  | $ | 10.1 |  |  | $ | 14.4 |
Allowance for doubtful accounts |  | Trade receivables, net |  | 7.4 |  |  | 8.1

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration