SEGMENT RESULTS

3 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SEGMENT RESULTS

SEGMENT RESULTS

The Company operates through strategic business units (SBUs) that are also the Company’s operating segments. The SBUs are then aggregated into four reportable segments: Health and Wellness, 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, operating lease right-of-use assets, other long-term assets 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 (losses) before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate.

	Net sales
	Three Months Ended
	9/30/2022		9/30/2021
Health and Wellness	$	712	$	745
Household	423		442
Lifestyle	320		331
International	285		288
Total	$	1,740	$	1,806
	Earnings (losses) before income taxes
	Three Months Ended
	9/30/2022		9/30/2021
Health and Wellness	$	115	$	105
Household	22		36
Lifestyle	60		93
International	23		30
Corporate (1)	(104)		(79)
Total	$	116	$	185

(1) The earnings (losses) before income taxes for Corporate includes restructuring and related implementation costs, net for the streamlined operating model of $19 for the three-months ended September 30, 2022. While recorded within the Corporate segment, for informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company’s reportable segments as a percentage of the total costs:

	Three Months Ended
	9/30/2022
Health and Wellness	6	%
Household	—
Lifestyle	5
International	19
Corporate	70
Total	100	%

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, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, were 27% and 25% for the three months ended September 30, 2022 and 2021, respectively.

The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by SBU, for the periods indicated:

	Net sales
	Three Months Ended
	9/30/2022		9/30/2021
Cleaning	33	%	33	%
Professional Products	5		5
Vitamins, Minerals and Supplements	3		3
Health and Wellness	41	%	41	%
Bags and Wraps	11		12
Grilling	5		6
Cat Litter	8		7
Household	24	%	25	%
Food	10		9
Natural Personal Care	4		4
Water Filtration	5		5
Lifestyle	19	%	18	%
International	16	%	16	%
Total	100	%	100	%