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SEGMENT RESULTS (Tables)
9 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Selected Financial Information Relating to the Company's Segments
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 endedNine months ended
3/31/20243/31/20233/31/20243/31/2023
Health and Wellness$609 $647 $1,833 $1,881 
Household526 550 1,353 1,435 
Lifestyle315 353 947 1,005 
International310 305 891 876 
Corporate and Other54 60 166 173 
Total$1,814 $1,915 $5,190 $5,370 
Segment adjusted EBIT
Three months endedNine months ended
3/31/20243/31/20233/31/20243/31/2023
Health and Wellness$154 $161 $517 $418 
Household74 99 162 165 
Lifestyle64 83 192 217 
International38 27 104 74 
Corporate and Other(70)(101)(238)(251)
Total$260 $269 $737 $623 
Interest income21 
Interest expense(22)(24)(69)(69)
Loss on divestiture (1)
(240)— (240)— 
Pension settlement charge (2)
— — (171)— 
Cyberattack costs (3)
(8)— (57)— 
VMS impairment (4)
— (445)— (445)
Streamlined operating model (5)
(10)(21)(13)(44)
Digital capabilities and productivity enhancements investment (6)
(26)(28)(85)(73)
Earnings (losses) before income taxes
$(42)$(245)$123 $
(1)Represents loss on divestiture of the Argentina business corresponding to International. See Note 2 for additional details related to the divestiture.
(2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 14 for additional details relating to the pension settlement.
(3)Represents incremental costs related to the cyberattack of $8 and $57 for the three and nine months ended March 31, 2024, respectively. See Note 3 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 endedNine months ended
3/31/20243/31/2024
Health and Wellness18 %15 %
Household12 11 
Lifestyle— 11 
International— 
Corporate and Other70 59 
Total100 %100 %
(4)Represents noncash impairment charge of $445 related to the VMS business recorded in both the three and nine months ended March 31, 2023. See Note 7 for additional details relating to the impairment.
(5)Represents restructuring and related implementation costs, net for the streamlined operating model of $10 and $13 for the three and nine months ended March 31, 2024, respectively and $21 and $44 for the three and nine months ended March 31, 2023, 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 endedNine months endedInception to date ended
3/31/20243/31/20233/31/20243/31/20233/31/2024
Health and Wellness%%%%%
Household— — 
Lifestyle— — 
International— 21 — 19 13 
Corporate and Other96 66 96 70 78 
Total100 %100 %100 %100 %100 %
(6)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 endedNine months ended
3/31/20243/31/20233/31/20243/31/2023
Cleaning29 %30 %30 %30 %
Professional Products
Health and Wellness34 %34 %35 %35 %
Bags and Wraps12 12 12 12 
Cat Litter
Grilling
Household29 %29 %27 %27 %
Food10 10 10 11 
Natural Personal Care
Water Filtration
Lifestyle17 %18 %18 %19 %
International17 %16 %17 %16 %
Corporate and Other3 %3 %3 %3 %
Total100 %100 %100 %100 %