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REVENUE RECOGNITION
 12 Months Ended
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)GPCH&GHPCTotal
Product Sales
NA$706.4 $567.0 $474.0 $1,747.4 
EMEA388.5 — 491.6 880.1 
LATAM12.7 9.3 189.8 211.8 
APAC29.0 — 70.3 99.3 
Licensing9.8 2.3 7.5 19.6 
Service and other5.1 — 0.6 5.7 
Total revenue$1,151.5 $578.6 $1,233.8 $2,963.9 
2023
(in millions)GPCH&GHPCTotal
Product Sales
NA$710.7 $527.1 $514.4 $1,752.2 
EMEA361.3 — 465.0 826.3 
LATAM18.0 7.3 181.5 206.8 
APAC33.3 — 73.3 106.6 
Licensing10.0 2.1 7.8 19.9 
Service and other5.7 — 1.3 7.0 
Total revenue$1,139.0 $536.5 $1,243.3 $2,918.8 
2022
(in millions)GPCH&GHPCTotal
Product Sales
NA$749.8 $576.8 $609.7 $1,936.3 
EMEA353.6 — 460.7 814.3 
LATAM19.3 8.0 216.1 243.4 
APAC36.5 0.1 71.9 108.5 
Licensing9.9 2.2 10.3 22.4 
Service and other6.2 — 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		DeductionsOther
Adjustments		Ending
Balance
September 30, 2024$12.8 $28.6 $(27.3)$0.3 $14.4 
September 30, 202315.5 8.7 (11.2)(0.2)12.8 
September 30, 202211.8 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.