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Revenue Recognition
12 Months Ended
Sep. 30, 2019
Revenue Recognition [Abstract]  
Revenue Recognition NOTE 6 – REVENUE RECOGNITION

The Company generates all of its revenue from contracts with customers. The following table disaggregates our revenue for the year ended September 30, 2019, by the Company’s key revenue streams, segments and geographic region (based upon destination):

September 30, 2019

(in millions)

HHI

HPC

GPC

H&G

Total

Product Sales

NA

$

1,282.5

$

428.6

$

586.1

$

502.0

$

2,799.2

EMEA

0.8

429.3

222.6

652.7

LATAM

47.1

139.5

13.4

4.4

204.4

APAC

24.0

61.0

36.6

121.6

Licensing

1.3

9.7

6.8

1.7

19.5

Other

4.7

4.7

Total Revenue

$

1,355.7

$

1,068.1

$

870.2

$

508.1

$

3,802.1

On October 1, 2018, the Company adopted Topic 606 applying the modified retrospective method to all contracts that were not completed as of October 1, 2018. Results for reporting periods beginning after October 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of Topic 606 does not have a material impact to its period revenue or net income on an ongoing basis. Refer to Note 2 – Significant Accounting Policies and Practices for further discussion of the adoption of Topic 606.

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 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 receive. For the anticipated value of the returns, the adoption of Topic 606 resulted in the recognition of a return asset included in the Prepaid Expenses and Other Current Assets and the returns liability recognized in Other Current Liabilities. Prior to the adoption of Topic 606, the reserve for product returns was recognized net of anticipated value of returned product as a reduction to Trade Receivable, Net on the Company’s Consolidated Statement of Financial Position. The following is a rollforward of the allowance for product returns for the years ended September 30, 2019, 2018 and 2017:

Beginning

Charged to

Other

Ending

(in millions)

Balance

Profit & Loss

Deductions

Adjustments

Balance

September 30, 2019

$

20.9 

$

33.4 

$

(34.4)

$

(0.7)

$

19.2 

September 30, 2018

20.3 

30.3 

(31.8)

2.1 

20.9 

September 30, 2017

21.9 

22.9 

(25.5)

1.0 

20.3