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