XML 19 R16.htm IDEA: XBRL DOCUMENT v3.19.3
SEGMENT RESULTS
3 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
SEGMENT RESULTS SEGMENT RESULTS
The Company operates through strategic business units (SBUs) 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 tables below present reportable segment information and a reconciliation of the segment information to the Company’s consolidated Net sales and Earnings before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate.
 
Net sales
 
Three Months Ended
 
9/30/2019
 
9/30/2018
Cleaning
$
562

 
$
571

Household
381

 
442

Lifestyle
322

 
309

International
241

 
241

Corporate

 

Total
$
1,506

 
$
1,563

 
 
 
 
 
Earnings (losses) before income taxes
 
Three Months Ended
 
9/30/2019
 
9/30/2018
Cleaning
$
178

 
$
180

Household
25

 
59

Lifestyle
70

 
62

International
39

 
28

Corporate
(54
)
 
(61
)
Total
$
258

 
$
268


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 26% and 25% for the three months ended September 30, 2019 and 2018, respectively.

The following table provides Net sales as a percentage of the Company’s consolidated net sales for the Company’s SBUs and for the periods indicated:
 
Net sales
 
 
Three Months Ended
 
 
9/30/2019
 
9/30/2018
Home care
 
22
%
 
21
%
Laundry
 
10
%
 
10
%
Professional products
 
6
%
 
6
%
Cleaning
 
38
%
 
37
%
Bags, wraps, and containers
 
12
%
 
13
%
Cat litter
 
8
%
 
7
%
Charcoal
 
4
%
 
6
%
Digestive health
 
1
%
 
2
%
Household
 
25
%
 
28
%
Food products
 
9
%
 
9
%
Natural personal care
 
5
%
 
4
%
Water filtration
 
4
%
 
4
%
Dietary supplements
 
3
%
 
3
%
Lifestyle
 
21
%
 
20
%
International
 
16
%
 
15
%
Total
 
100
%
 
100
%
.