SEGMENT RESULTS (Tables)

6 Months Ended

Dec. 31, 2023

Selected Financial Information Relating to the Company's Segments

The principle measure of segment profitability used by management is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental charges relating to the cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions and other nonrecurring or unusual items impacting comparability).

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 and Other.


	Net sales
	Three months ended				Six months ended
	12/31/2023		12/31/2022		12/31/2023		12/31/2022
Health and Wellness	$	720	$	577	$	1,224	$	1,234
Household	502		462		827		885
Lifestyle	403		332		632		652
International	311		286		581		571
Corporate and Other	54		58		112		113

Total	$	1,990	$	1,715	$	3,376	$	3,455

	Segment adjusted EBIT
	Three months ended				Six months ended
	12/31/2023		12/31/2022		12/31/2023		12/31/2022
Health and Wellness	$	259	$	124	$	363	$	257
Household	92		44		88		66
Lifestyle	109		74		128		134
International	32		24		66		47
Corporate and Other	(106)		(87)		(168)		(150)
Total	$	386	$	179	$	477	$	354
Interest income	7		3		17		5
Interest expense	(26)		(23)		(47)		(45)
Pension settlement charge (1)	(171)		—		(171)		—
Cyberattack costs (2)	(25)		—		(49)		—
Streamlined operating model (3)	(3)		(4)		(3)		(23)
Digital capabilities and productivity enhancements investment (4)	(32)		(25)		(59)		(45)
Earnings before income taxes	$	136	$	130	$	165	$	246

(1)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 12 for additional details relating to the pension settlement.

(2)Represents incremental costs related to the cyberattack. See Note 2 for additional details relating to the cyberattack. For informational purposes, the following table provides the approximate cyberattack costs corresponding to the Company’s reportable segments as a percentage of total costs:


	Three months ended		Six months ended
	12/31/2023			12/31/2023
Health and Wellness	9	%		15	%
Household	11			11
Lifestyle	12			13
International	7			4
Corporate and Other	61			57
Total	100	%		100	%

(3)Represents restructuring and related implementation costs, net for the streamlined operating model of $3 for both the three and six months ended December 31, 2023 and $4 and $23 for the three and six months ended December 31, 2022, respectively. 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				Inception to date ended
	12/31/2023		12/31/2022		12/31/2023		12/31/2022		12/31/2023
Health and Wellness	—	%	—	%	—	%	5	%	6	%
Household	—		—		—		—		1
Lifestyle	—		—		—		5		3
International	—		—		—		16		15
Corporate and Other	100		100		100		74		75
Total	100	%	100	%	100	%	100	%	100	%

(4)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.

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
	12/31/2023		12/31/2022		12/31/2023		12/31/2022
Cleaning	31	%	29	%	31	%	31	%
Professional Products	5		5		5		5

Health and Wellness	36	%	34	%	36	%	36	%
Bags and Wraps	12		14		11		13
Cat Litter	9		9		9		9
Grilling	4		4		4		4
Household	25	%	27	%	24	%	26	%
Food	11		10		10		10
Natural Personal Care	5		5		4		4
Water Filtration	4		4		5		4
Lifestyle	20	%	19	%	19	%	18	%
International	16	%	17	%	17	%	17	%
Corporate and Other	3	%	3	%	4	%	3	%
Total	100	%	100	%	100	%	100	%