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SEGMENT RESULTS
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT RESULTS SEGMENT RESULTS
The Company operates through strategic business units (SBUs) which are organized into operating segments. Operating segments are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other.
Corporate and Other includes certain non-allocated administrative costs and various other non-operating income and expenses. Assets in Corporate and Other 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. Corporate and Other includes the results and the Better Health VMS business through the date of divestiture of September 10, 2024.
The principal 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 and insurance recoveries related to the August 2023 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 / divestitures 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 endedNine months ended
3/31/20253/31/20243/31/20253/31/2024
Health and Wellness$630 $609 $1,956 $1,833 
Household469 526 1,362 1,353 
Lifestyle306 315 964 947 
International263 310 796 891 
Reportable segment total
$1,668 $1,760 $5,078 $5,024 
Corporate and Other— 54 38 166 
Total$1,668 $1,814 $5,116 $5,190 
Segment adjusted EBIT
Three months endedNine months ended
3/31/20253/31/20243/31/20253/31/2024
Health and Wellness$169 $154 $597 $517 
Household61 74 169 162 
Lifestyle60 64 196 192 
International31 38 87 104 
Reportable segment total
$321 $330 $1,049 $975 
Corporate and Other(55)(70)(193)(238)
Total$266 $260 $856 $737 
Interest income2 4 7 21 
Interest expense(23)(22)(66)(69)
Loss on divestiture (1)
— (240)(118)(240)
Pension settlement charge (2)
— — — (171)
Cyberattack costs, net of insurance recoveries (3)
35 (8)70 (57)
Streamlined operating model (4)
— (10)— (13)
Digital capabilities and productivity enhancements investment (5)
(26)(26)(81)(85)
Earnings before income taxes
$254 $(42)$668 $123 
(1)Represents losses on divestiture of the Better Health VMS and Argentina businesses corresponding to Corporate and Other and International, respectively. See Note 3 for additional details related to the divestitures.
(2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 15 for additional details related to the pension settlement.
(3)Represents insurance recoveries of $35 and $70 in the three and nine months ended March 31, 2025, respectively, and incremental expenses of approximately $8 and $57 in the three and nine months ended March 31, 2024, respectively, as a result of the cyberattack. See Note 4 for additional details related to the August 2023 cyberattack. For informational purposes, the following table provides the approximate cyberattack costs and insurance recoveries corresponding to the Company’s reportable segments as a percentage of the total:
Three months endedNine months ended
3/31/20253/31/20243/31/20253/31/2024
Health and Wellness— %18 %— %15 %
Household— 12 — 11 
Lifestyle— — — 11 
International— — — 4 
Corporate and Other100 70 100 59 
Total100 %100 %100 %100 %
(4)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, primarily corresponding to Corporate and Other.
(5)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
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 26% for the three and nine months ended March 31, 2025, respectively, and 25% for both the three and nine months ended March 31, 2024.
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
3/31/20253/31/20243/31/20253/31/2024
Cleaning33 %29 %33 %30 %
Professional Products5 5 5 5 
Health and Wellness38 %34 %38 %35 %
Bags and Wraps12 12 12 12 
Cat Litter8 8 9 9 
Grilling8 9 6 6 
Household28 %29 %27 %27 %
Food11 10 11 10 
Water Filtration4 4 4 4 
Natural Personal Care3 3 4 4 
Lifestyle18 %17 %19 %18 %
International16 %17 %15 %17 %
Corporate and Other— %3 %1 %3 %
Total100 %100 %100 %100 %