XML 34 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Data
 9 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Data Segment Data
For an overview of the Company’s segments, refer to Note 1 to Notes to Condensed Consolidated Financial Statements.
Segment performance is evaluated based on segment profit, exclusive of general corporate expenses, share-based compensation costs, restructuring charges, and certain costs deemed non-recurring in nature, including evaluation, acquisition and integration costs, cost of early retirement of long-term debt, incremental pandemic expenses, gains or losses on the sale of businesses, and the amortization of intangible assets. Financial items, such as interest income and expense, are managed on a global basis at the corporate level. The exclusion of such charges from segment results reflects management’s view on how it evaluates segment performance.
The Company completed the sale of its Infant and Pet Care business in December 2019. As a result, no additional Net Sales or Segment Profit will be reported for the All Other segment in subsequent periods.
The Company’s operating model includes some shared business functions across the segments, including product warehousing and distribution, transaction processing functions and, in most cases, combined sales force and management teams. The Company applies a fully allocated cost basis in which shared business functions are allocated between the segments.
Segment net sales and profitability are presented below:
 Three Months Ended
June 30,		Nine Months Ended
June 30,
 2021202020212020
Net Sales 
Wet Shave$304.9 $278.0 $876.7 $835.5 
Sun and Skin Care195.2 136.9 457.7 369.5 
Feminine Care73.6 69.0 209.7 229.1 
All Other— — — 26.8 
Total net sales$573.7 $483.9 $1,544.1 $1,460.9 
Segment Profit 
Wet Shave$43.1 $44.6 $141.6 $142.0 
Sun and Skin Care45.0 23.5 86.4 67.9 
Feminine Care13.7 12.0 28.1 43.4 
All Other— — — 3.1 
Total segment profit101.8 80.1 256.1 256.4 
General corporate and other expenses(15.7)(17.7)(41.2)(41.9)
Restructuring and related costs (1)
(8.2)(10.4)(18.1)(30.8)
Cost of early retirement of long-term debt— (26.2)(26.1)(26.2)
Acquisition and integration costs (2)
(1.3)(0.3)(4.6)(32.0)
Gain on sale of Infant and Pet Care business— — — 4.1 
COVID-19 expense (3)
— (3.9)— (3.9)
Feminine and Infant Care evaluation costs (4)
— — — (0.3)
Amortization of intangibles(5.5)(4.2)(16.6)(12.7)
Interest and other expense, net(17.2)(12.1)(50.9)(49.6)
Total earnings before income taxes$53.9 $5.3 $98.6 $63.1 
(1)Includes pre-tax SG&A of $2.8 and $6.2 for the three and nine months ended June 30, 2021, respectively, and $2.3 and $10.0 for the three and nine months ended June 30, 2020, respectively, associated with certain information technology enablement expenses and incentive and retention compensation expenses for Project Fuel. Additionally, pre-tax Cost of products sold of $0.2 and $0.3 for the three and nine months ended June 30, 2021, respectively, and $0.1 and $0.2 for the three and nine months ended June 30, 2020, respectively, related to inventory write-offs associated with Project Fuel is included.
(2)Includes pre-tax SG&A of $1.3 and $3.3 for the three and nine months ended June 30, 2021, respectively, and $0.3 and $32.0 for the three and nine months ended June 30, 2020, respectively, related to acquisition and integration costs. Additionally, Cost of products sold of $1.3 related to the valuation of acquired inventory for the nine months ended June 30, 2021 is included.
(3)Includes pre-tax Cost of products sold of $3.9 for the three and nine months ended June 30, 2020 which included incremental costs as a result of the COVID-19 pandemic incurred by the Company related to higher benefit and emergency payments, supplies and freight.
(4)Includes pre-tax SG&A of $0.3 for the nine months ended June 30, 2020.

The following table presents the Company’s net sales by geographic area:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2021202020212020
Net Sales to Customers
United States$336.4 $277.4 $889.0 $830.8 
International237.3 206.5 655.1 630.1 
Total net sales$573.7 $483.9 $1,544.1 $1,460.9 
Supplemental product information is presented below for net sales:
Three Months Ended
June 30,		Nine Months Ended
June 30,
 2021202020212020
Razors and blades$271.9 $244.9 $780.6 $735.3 
Tampons, pads, and liners73.6 69.0 209.7 229.1 
Sun care products143.9 94.0 275.7 246.3 
Grooming products32.4 15.6 108.6 55.3 
Wipes and other skin care18.9 27.3 73.4 67.9 
Shaving gels and creams33.0 33.1 96.1 100.2 
Infant care and other— — — 26.8 
Total net sales$573.7 $483.9 $1,544.1 $1,460.9