XML 22 R9.htm IDEA: XBRL DOCUMENT v3.26.1
REVENUE RECOGNITION AND RECEIVABLES
 6 Months Ended
Mar. 29, 2026
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 29, 2026 and March 30, 2025, by segment and geographic region (based upon destination) and revenue type.
Three Month Period Ended March 29, 2026Three Month Period Ended March 30, 2025
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Geographic Region
NA$176.0 $167.7 $80.2 $423.9 $165.4 $150.3 $97.0 $412.7 
EMEA113.6 — 94.3 207.9 95.0 — 99.6 194.6 
LATAM3.5 1.8 51.0 56.3 3.1 2.0 45.1 50.2 
APAC6.2 — 14.6 20.8 5.7 — 12.5 18.2 
Total revenue$299.3 $169.5 $240.1 $708.9 $269.2 $152.3 $254.2 $675.7 
Revenue type
Product sales$296.2 $169.0 $238.8 $704.0 $266.1 $151.7 $252.3 $670.1 
Licensing2.2 0.5 1.3 4.0 2.1 0.6 1.7 4.4 
Service and other0.9 — — 0.9 1.0 — 0.2 1.2 
Total revenue$299.3 $169.5 $240.1 $708.9 $269.2 $152.3 $254.2 $675.7 
Six Month Period Ended March 29, 2026Six Month Period Ended March 30, 2025
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Geographic Sales
NA$344.7 $239.7 $190.0 $774.4 $317.4 $240.8 $228.2 $786.4 
EMEA216.2 — 238.9 455.1 194.0 — 257.4 451.4 
LATAM6.7 3.7 101.1 111.5 5.2 3.6 85.1 93.9 
APAC13.3 — 31.6 44.9 12.6 — 31.6 44.2 
Total revenue$580.9 $243.4 $561.6 $1,385.9 $529.2 $244.4 $602.3 $1,375.9 
Revenue type
Product Sales$575.1 $242.6 $558.7 $1,376.4 $523.2 $243.6 $598.6 $1,365.4 
Licensing4.0 0.8 2.9 7.7 4.2 0.8 3.4 8.4 
Service and other1.8 — — 1.8 1.8 — 0.3 2.1 
Total revenue$580.9 $243.4 $561.6 $1,385.9 $529.2 $244.4 $602.3 $1,375.9 
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 retail 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 29, 2026 and March 30, 2025.
Three Month Periods EndedSix Month Periods Ended
(% of Net Sales)March 29, 2026March 30, 2025March 29, 2026March 30, 2025
Significant customers, exceeding 10% of net sales34.7 %34.8 %35.9 %36.4 %
Subject to Black & Decker trademark license agreement10.9 %11.0 %12.2 %11.8 %
The following summarizes the concentration risk of the associated receivables from the two significant retail customers. There were no additional concentrations of credit risk exceeding 10% of net trade receivables.
(% of Trade Receivables, Net)March 29, 2026September 30, 2025
Significant customers, exceeding 10% of net trade receivables37.8 %41.6 %
The following summarizes the allowance for product returns with direct customers and estimated credit losses on trade receivables as of March 29, 2026 and September 30, 2025. Costs and reserves associated with standard product warranties with consumers are not material to the condensed consolidated financial statements.
(in millions)Line ItemMarch 29, 2026September 30, 2025
Allowance for doubtful accountsTrade receivables, net$6.8 $6.3 
Liability for product returnsOther current liabilities9.1 9.8