XML 65 R51.htm IDEA: XBRL DOCUMENT v3.23.2
SEGMENT REPORTING (Tables)
12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Selected Financial Information Relating to the Company's Segments
Net Sales
Fiscal year
202320222021
Health and Wellness$2,532 $2,427 $2,690 
Household2,098 1,984 1,981 
Lifestyle1,338 1,253 1,218 
International1,181 1,180 1,162 
Corporate and Other240 263 290 
Total$7,389 $7,107 $7,341 
Segment Adjusted Earnings (losses) before interest and income taxes
Fiscal year
202320222021
Health and Wellness$594 $381 $748 
Household308 234 375 
Lifestyle284 280 320 
International89 97 119 
Corporate and Other(358)(223)(293)
Total$917 $769 $1,269 
Interest income16 
Interest expense(90)(106)(99)
VMS impairments (1) (2)
(445)— (329)
Professional Products supplier charge (3)
— — (28)
Saudi JV acquisition gain (4)
— — 82 
Streamlined operating model (5)
(60)— — 
Digital capabilities and productivity enhancements investment (6)
(100)(61)— 
Earnings (losses) before income taxes$238 $607 $900 
(1)Represents a noncash impairment charge of $445 related to the VMS business recorded in fiscal year 2023. As a result of the segment changes noted above, $433 and $12 was recast from the third quarter fiscal year 2023 interim reporting period for the Health and Wellness and International reportable segments, respectively.
(2)Represents a noncash impairment charge of $329 related to the VMS business recorded in fiscal year 2021. As a result of the segment reporting changes noted above, $329 was recast from the fiscal year 2021 reporting period from the Health and Wellness reportable segment.
(3)Represents noncash charges of $28 on investments and related arrangements made with a Professional Products business supplier. As a result of the segment changes noted above, this amount was recast from the fiscal year 2021 reporting period for the Health and Wellness reportable segment.
(4)Represents an $82 noncash net gain from the remeasurement of the Company’s previously held investment in its Saudi joint venture. As a result of the segment changes noted above, this amount was recast from the fiscal year 2021 reporting period for the International reportable segment.
(5)Represents restructuring and related implementation costs, net for the streamlined operating model of $60. As a result of the segment changes noted above, this amount was recast from the fiscal year 2023 reporting period for Corporate and Other. For informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company's segments as a percent of the total costs for the fiscal year ended June 30:
2023
Health and Wellness%
Household
Lifestyle
International16 
Corporate and Other73 
Total100 %
(6)Represents expenses related to the Company's digital capabilities and productivity enhancements investment. As a result of the segment changes noted above, these amounts were recast from the fiscal year 2023 and fiscal year 2022 reporting periods for Corporate and Other.
Fiscal
Year
Health and WellnessHouseholdLifestyleInternational
Corporate and Other
Total
Company
(Income) Loss from equity investees
included in Other (income)
expense, net
2023— — — (4)— (4)
2022— — — (6)— (6)
2021— — — (5)— (5)
Total assets20231,184 1,082 1,091 1,410 1,178 5,945 
20221,275 1,045 1,035 1,453 1,350 6,158 
Capital expenditures202351 97 29 24 27 228 
202261 112 24 27 27 251 
2021120 108 29 42 32 331 
Depreciation and amortization202359 78 25 46 28 236 
202257 67 24 47 29 224 
202152 67 23 45 24 211 
Significant noncash charges included in earnings (losses) before interest and income taxes:
Stock-based compensation202314 10 38 73 
202214 21 52 
202116 10 15 50 
Summary of Concentration Percentages The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment under the new reporting structure, for the fiscal years ended June 30:
202320222021
Cleaning30 %29 %30 %
Professional Products%%%
Health and Wellness35 %33 %37 %
Bags and Wraps12 %12 %11 %
Cat Litter%%%
Grilling%%%
Household28 %28 %27 %
Food10 %10 %%
Natural Personal Care%%%
Water Filtration%%%
Lifestyle18 %18 %16 %
International16 %17 %16 %
Corporate and Other3 %4 %4 %
Total100 %100 %100 %
The Company’s products are marketed and sold globally. The following table provides the Company’s global product lines, which were sold in the U.S. and International, that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30:
202320222021
Cleaning products42 %42 %43 %
Bags and wraps16 %16 %14 %
Food products11 %11 %10 %
Cat litter products10 %%%
Net Sales and Property, Plant and Equipment, Net by Geographic Area Net sales and property, plant and equipment, net, by geographic area for and as of the fiscal years ended June 30 were as follows:
Fiscal
Year
United
States
ForeignTotal
Company
Net sales2023$6,237 $1,152 $7,389 
20225,951 1,156 7,107 
20216,207 1,134 7,341 
Property, plant and equipment, net20231,192 153 1,345 
20221,180 154 1,334