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SEGMENT RESULTS
 3 Months Ended
Sep. 30, 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 and other costs and various other non-operating income and expenses, as well as the results of the Better Health VMS business through the date of divestiture. 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.
The principal measure of segment profitability used by the Chief Operating Decision Maker (CODM), identified as the Company's Chair and Chief Executive Officer, 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 digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability).
The CODM uses this measure to assess the operating results and performance of its segments, monitor actual results as compared to plan, perform analytical comparisons, identify strategies to improve performance and allocate resources to each segment as it removes the impact of the items that management believes do not directly reflect the performance of each segment’s underlying operations.
Net sales by segment and a reconciliation to the Company’s consolidated net sales for the three months ended September 30:
Net sales
Three months ended
9/30/20259/30/2024
Health and Wellness$565 $698 
Household362 447 
Lifestyle245 320 
International253 259 
Reportable segment total
$1,425 $1,724 
Corporate and Other4 38 
Total$1,429 $1,762 
All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales.
Segment adjusted EBIT, including the significant segment expense provided to the CODM, and a reconciliation to earnings before income taxes for the three months ended September 30:
Segment adjusted earnings (losses) before interest and income taxes
Three months ended September 30, 2025
Health and Wellness
Household
Lifestyle
International
Total
Net sales
$565 $362 $245 $253 
Cost of products sold
291 246 126 165 
Other segment items (1)
150 89 81 69 
Segment adjusted EBIT
$124 $27 $38 $19 $208 
Corporate and Other
(48)
Interest income2 
Interest expense(23)
Digital capabilities and productivity enhancements investment (2)
(32)
Earnings before income taxes
$107 
(1)Other segment items includes selling, general and administrative expenses, advertising costs, research and development costs and other income and expenses. The charges defined in segment adjusted EBIT above are excluded from other segment items and Corporate and Other.
(2)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
Segment adjusted earnings (losses) before interest and income taxes
Three months ended September 30, 2024
Health and Wellness
Household
Lifestyle
International
Total
Net sales
$698 $447 $320 $259 
Cost of products sold
322 289 157 158 
Other segment items (1)
141 98 97 66 
Segment adjusted EBIT
$235 $60 $66 $35 $396 
Corporate and Other
(64)
Interest income3 
Interest expense(21)
Loss on divestiture (2)
(118)
Cyberattack costs, net of insurance recoveries (3)
10 
Digital capabilities and productivity enhancements investment (4)
(29)
Earnings before income taxes
$177 
(1)Other segment items includes selling, general and administrative expenses, advertising costs, research and development costs and other income and expenses. The charges defined in segment adjusted EBIT above are excluded from other segment items and Corporate and Other.
(2)Represents the loss on divestiture of the Better Health VMS business corresponding to Corporate and Other. See Note 3 for additional details related to the divestiture.
(3)Represents insurance recoveries related to the cyberattack corresponding to Corporate and Other. See Note 9 for further discussion.
(4)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
Certain other segment disclosures were as follows:
Health and WellnessHouseholdLifestyleInternational
Corporate and Other
Total
Company
Total assets
Balance as of 9/30/2025
$1,161 $1,060 $1,108 $1,318 $881 $5,528 
Balance as of 6/30/2025
1,217 1,091 1,103 1,329 821 5,561 
(Income) Loss from equity investees included in Other (income) expense, net
Three months ended 9/30/2025
— — — (1)— (1)
Three months ended 9/30/2024
— — — (2)— (2)
Capital expenditures
Three months ended 9/30/2025
7 17 7 3 2 36 
Three months ended 9/30/2024
9 18 7 2 3 39 
Depreciation and amortization
Three months ended 9/30/2025
14 21 7 10 4 56 
Three months ended 9/30/2024
14 19 6 10 5 54 
Significant noncash charges included in earnings before interest and income taxes:
Stock-based compensation
Three months ended 9/30/2025
4321— 10
Three months ended 9/30/2024
4322213
Net sales to the Company’s largest customer, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, was 26% for both the three months ended September 30, 2025 and 2024, respectively.
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
9/30/20259/30/2024
Cleaning35 %34 %
Professional Products5 6 
Health and Wellness40 %40 %
Bags and Wraps11 11 
Cat Litter9 9 
Grilling5 5 
Household25 %25 %
Food9 10 
Water Filtration5 5 
Natural Personal Care3 3 
Lifestyle17 %18 %
International18 %15 %
Corporate and Other— %2 %
Total Company100 %100 %