Revenue Recognition

9 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

The Company, through its operating subsidiaries, is one of the world’s largest manufacturers, marketers and distributors of household batteries, specialty batteries and lighting products, and is a leading designer and marketer of automotive fragrance, appearance, performance and air conditioning recharge products. The Company distributes its products to consumers through numerous retail locations worldwide, including mass merchandisers and warehouse clubs, food, drug and convenience stores, electronics specialty stores and department stores, hardware and automotive centers, e-commerce and military stores. The Company sells to its customers through a combination of a direct sales force and exclusive and non-exclusive third-party distributors and wholesalers.

The Company’s revenue is primarily generated from the sale of finished product to customers. Sales predominantly contain a single delivery element, or performance obligation, and revenue is recognized at a single point in time

when title, ownership and risk of loss pass to the customer. This typically occurs when finished goods are delivered to the customer or when finished goods are picked up by the carrier at origin or the customer, depending on contract terms.

North America sales are generally through large retailers with nationally or regionally recognized brands.

Our International sales, which includes Latin America, are comprised of modern trade, developing and distributor market groups. Modern trade, which is most prevalent in Western Europe and more developed economies throughout the world, generally refers to sales through large retailers with nationally or regionally recognized brands. Developing markets generally include sales by wholesalers or small retailers who may not have a national or regional presence. Distributors are utilized in other markets where the Company does not have a direct sales force. Each market's determination is based on the predominant customer type or sales strategy utilized in the market.

Supplemental product and market information is presented below for revenues from external customers for the quarters and nine months ended June 30, 2023 and 2022:

	For the Quarters Ended June 30,				For the Nine Months Ended June 30,
Net Sales by products	2023		2022		2023		2022
Batteries	$	488.8	$	500.1	$	1,608.4	$	1,690.3
Auto Care	188.1		196.4		459.8		471.4
Lights	22.5		31.5		80.4		98.0
Total Net Sales	$	699.4	$	728.0	$	2,148.6	$	2,259.7

	For the Quarters Ended June 30,				For the Nine Months Ended June 30,
	2023		2022		2023		2022
Net Sales by markets
North America	$	454.4	$	472.1	$	1,341.6	$	1,398.7
Modern Markets	105.5		110.9		370.8		391.4
Developing Markets	92.5		96.4		297.3		311.7
Distributors Markets	47.0		48.6		138.9		157.9
Total Net Sales	$	699.4	$	728.0	$	2,148.6	$	2,259.7