SEGMENT RESULTS

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT RESULTS

SEGMENT RESULTS

The Company operates through strategic business units (SBUs) that are organized into the Company’s operating segments. The operating segments 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				Six Months Ended
	12/31/2022		12/31/2021		12/31/2022		12/31/2021
Health and Wellness	$	635	$	648	$	1,347	$	1,393
Household	462		423		885		865
Lifestyle	332		324		652		655
International	286		296		571		584
Total	$	1,715	$	1,691	$	3,455	$	3,497
	Earnings (losses) before income taxes
	Three Months Ended				Six Months Ended
	12/31/2022		12/31/2021		12/31/2022		12/31/2021
Health and Wellness	$	103	$	56	$	218	$	161
Household	44		10		66		46
Lifestyle	74		80		134		173
International	24		19		47		49
Corporate (1)	(115)		(72)		(219)		(151)
Total	$	130	$	93	$	246	$	278

(1) The earnings (losses) before income taxes for Corporate includes restructuring and related implementation costs, net for the streamlined operating model of $4 and $23 for the three and six months ended December 31, 2022, respectively. 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		Six Months Ended
	12/31/2022		12/31/2022
Health and Wellness	—	%	5	%
Household	—		—
Lifestyle	—		5
International	—		16
Corporate	100		74
Total	100	%	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 25% and 26% for the three and six months ended December 31, 2022, respectively, and 25% for the three and six months ended December 31, 2021.

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

	Net sales
	Three Months Ended				Six Months Ended
	12/31/2022		12/31/2021		12/31/2022		12/31/2021
Cleaning	29	%	29	%	31	%	31	%
Professional Products	5		5		5		5
Vitamins, Minerals and Supplements	3		4		3		4
Health and Wellness	37	%	38	%	39	%	40	%
Bags and Wraps	14		13		13		12
Grilling	4		4		4		5
Cat Litter	9		8		9		7
Household	27	%	25	%	26	%	24	%
Food	10		10		10		10
Natural Personal Care	5		5		4		5
Water Filtration	4		4		4		4
Lifestyle	19	%	19	%	18	%	19	%
International	17	%	18	%	17	%	17	%
Total	100	%	100	%	100	%	100	%