Segment Data

3 Months Ended

Dec. 31, 2022

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 acquisition and integration costs, Sun Care reformulation costs, value-added tax settlement costs 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’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 December 31,
	2022		2021
Net Sales
Wet Shave	$	275.3	$	286.1
Sun and Skin Care	112.9		104.8
Feminine Care	80.9		72.4
Total net sales	$	469.1	$	463.3
Segment Profit
Wet Shave	$	35.4	$	51.5
Sun and Skin Care	13.1		3.7
Feminine Care	11.8		8.4
Total segment profit	60.3		63.6
General corporate and other expenses	(15.9)		(10.8)
Restructuring and related costs	(2.8)		(2.2)
Acquisition and integration costs (1)	(2.1)		(6.0)
Sun Care reformulation costs (2)	(0.5)		(3.3)
VAT settlement costs (3)	—		(3.4)
Amortization of intangibles	(7.7)		(6.1)
Interest and other expense, net	(14.9)		(15.6)
Total earnings before income taxes	$	16.4	$	16.2

(1)Includes pre-tax SG&A of $2.1 and $5.7 for the three months ended December 31, 2022 and 2021, respectively, for the Billie acquisition. Additionally, includes Cost of products sold of $0.3 related to the valuation of acquired inventory for the Billie acquisition for the three months ended December 31, 2021.

(2)Includes pre-tax R&D of $0.5 for the three months ended December 31, 2022 and pre-tax COGS of $3.3 for the three months ended December 31, 2021, respectively, related to the reformulation, recall and destruction of certain Sun Care products.

(3)Includes pre-tax SG&A of $3.4 for the three months ended December 31, 2021 related to the estimated settlement of prior years’ value-added tax audits in Germany.

The following table presents the Company’s net sales by geographic area:

	Three Months Ended December 31,
	2022		2021
Net Sales to Customers
United States	$	271.8	$	262.5
International	197.3		200.8
Total net sales	$	469.1	$	463.3

Supplemental product information is presented below for net sales:

	Three Months Ended December 31,
	2022		2021
Razors and blades	$	247.0	$	255.7
Tampons, pads, and liners	80.9		72.4
Sun care products	47.8		40.2
Grooming products	47.3		46.3
Wipes and other skin care	17.8		18.3
Shaving gels and creams	28.3		30.4
Total net sales	$	469.1	$	463.3