SEGMENT RESULTS

9 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

SEGMENT RESULTS

SEGMENT RESULTS

The Company operates through strategic business units that are aggregated into four reportable segments based on the economics and nature of the products sold: Cleaning, Household, Lifestyle and International.

Certain non-allocated administrative costs, interest income, interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, other investments and deferred taxes.

The table below presents reportable segment information and a reconciliation of the segment information to the Company’s consolidated Net sales and Earnings from continuing operations before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate.

	Net sales
	Three Months Ended						Nine Months Ended
	3/31/2018			3/31/2017			3/31/2018			3/31/2017
Cleaning	$	513		$	497		$	1,544		$	1,500
Household	493			486			1,344			1,329
Lifestyle	252			246			766			742
International	259			248			779			755
Corporate	—			—			—			—
Total	$	1,517		$	1,477		$	4,433		$	4,326
	Earnings (losses) from continuing operations before income taxes
	Three Months Ended						Nine Months Ended
	3/31/2018			3/31/2017			3/31/2018			3/31/2017
Cleaning	$	135		$	132		$	428		$	400
Household	88			106			215			246
Lifestyle	55			51			188			190
International	23			20			69			75
Corporate	(59		)	(62		)	(152		)	(173		)
Total	$	242		$	247		$	748		$	738

All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales.

Net sales to the Company’s largest customer, Wal-Mart Stores, Inc. and its affiliates, as a percentage of consolidated net sales, were 25% and 26% for the three and nine months ended March 31, 2018, respectively, and 27% and 26% for the three and nine months ended March 31, 2017, respectively.

In August 2017, the Company sold the Aplicare business, previously reported in the Cleaning reportable segment. For the fiscal year ended June 30, 2017, the Aplicare business had net sales of $46 and insignificant net earnings excluding the $21 non-cash impairment charge recorded in December 2016.

In January 2017, the Company sold an Australian distribution facility, previously reported in the International reportable segment, which resulted in $23 in cash proceeds from investing activities and a gain of $(10) recorded in Other (income) expense, net, on the condensed consolidated statement of earnings.