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SEGMENT RESULTS
 9 Months Ended
Mar. 31, 2026
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.
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, transaction and integration costs related to acquisitions, significant losses related to 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 and nine months ended March 31:
Net sales
Three months endedNine months ended
3/31/20263/31/20253/31/20263/31/2025
Health and Wellness$629 $630 $1,837 $1,956 
Household482 469 1,263 1,362 
Lifestyle277 306 843 964 
International285 263 832 796 
Reportable segment total
$1,673 $1,668 $4,775 $5,078 
Corporate and Other(3)— (3)38 
Total$1,670 $1,668 $4,772 $5,116 
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 and nine months ended March 31:
Segment adjusted earnings (losses) before interest and income taxes
Three months ended March 31, 2026
Health and Wellness
Household
Lifestyle
International
Total
Net sales
$629 $482 $277 $285 
Cost of products sold
319 316 146 177 
Other segment items (1)
152 92 71 72 
Segment adjusted EBIT
$158 $74 $60 $36 $328 
Corporate and Other
(32)
Interest income4 
Interest expense(27)
Acquisition and integration costs (2)
(7)
Digital capabilities and productivity enhancements investment (3)
(10)
Earnings before income taxes
$256 
Segment adjusted earnings (losses) before interest and income taxes
Nine months ended March 31, 2026
Health and Wellness
Household
Lifestyle
International
Total
Net sales
$1,837 $1,263 $843 $832 
Cost of products sold
919 858 430 530 
Other segment items (1)
446 282 243 216 
Segment adjusted EBIT
$472 $123 $170 $86 $851 
Corporate and Other
(139)
Interest income7 
Interest expense(75)
Acquisition and integration costs (2)
(7)
Digital capabilities and productivity enhancements investment (3)
(59)
Earnings before income taxes
$578 
(1)Other segment items includes selling and administrative expenses, advertising costs, research and development costs and other income and expenses. The items defined in segment adjusted EBIT above are excluded from other segment items and Corporate and Other.
(2)Represents the expenses related to the Company’s acquisition and integration of GOJO corresponding to Corporate and Other. See Note 14 for additional details related to the acquisition.
(3)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 March 31, 2025
Health and Wellness
Household
Lifestyle
International
Total
Net sales
$630 $469 $306 $263 
Cost of products sold
305 308 154 162 
Other segment items (1)
156 100 92 70 
Segment adjusted EBIT
$169 $61 $60 $31 $321 
Corporate and Other
(55)
Interest income2 
Interest expense(23)
Loss on divestiture (2)
— 
Cyberattack costs, net of insurance recoveries (3)
35 
Digital capabilities and productivity enhancements investment (4)
(26)
Earnings before income taxes
$254 
Segment adjusted earnings (losses) before interest and income taxes
Nine months ended March 31, 2025
Health and Wellness
Household
Lifestyle
International
Total
Net sales
$1,956 $1,362 $964 $796 
Cost of products sold
928 897 479 495 
Other segment items (1)
431 296 289 214 
Segment adjusted EBIT
$597 $169 $196 $87 $1,049 
Corporate and Other
(193)
Interest income7 
Interest expense(66)
Loss on divestiture (2)
(118)
Cyberattack costs, net of insurance recoveries (3)
70 
Digital capabilities and productivity enhancements investment (4)
(81)
Earnings before income taxes
$668 
(1)Other segment items includes selling and administrative expenses, advertising costs, research and development costs and other income and expenses. The items 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 10 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 3/31/2026
$1,198 $1,085 $1,098 $1,306 $1,749 $6,436 
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 03/31/2026— — — — — — 
Three months ended 03/31/2025— — — — — — 
Nine months ended 03/31/2026— — — (2)— (2)
Nine months ended 03/31/2025— — — (3)— (3)
Capital expenditures
Three months ended 03/31/202613 15 6 9 — 43 
Three months ended 03/31/202515 19 9 7 3 53 
Nine months ended 03/31/202636 47 18 17 3 121 
Nine months ended 03/31/202538 58 28 13 8 145 
Depreciation and amortization
Three months ended 3/31/2026
15 22 6 11 4 58 
Three months ended 3/31/2025
14 20 7 10 4 55 
Nine months ended 03/31/202644 63 20 32 10 169 
Nine months ended 03/31/202542 58 18 31 13 162 
Significant noncash charges included in earnings before interest and income taxes:
Stock-based compensation
Three months ended 3/31/2026
4 2 2 1 6 15 
Three months ended 3/31/2025
4 3 2 2 13 24 
Nine months ended 03/31/202612 8 6 4 19 49 
Nine months ended 03/31/202512 9 6 5 32 64 
Net sales to the Company’s largest customer, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, was 28% and 27% for the three and nine months ended March 31, 2026, respectively, and 27% and 26% for the three and nine months ended March 31, 2025, 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 endedNine months ended
3/31/20263/31/20253/31/20263/31/2025
Cleaning33 %33 %33 %33 %
Professional Products5 5 5 5 
Health and Wellness38 %38 %38 %38 %
Bags and Wraps12 12 12 12 
Cat Litter8 8 9 9 
Grilling9 8 6 6 
Household29 %28 %27 %27 %
Food11 11 10 11 
Water Filtration2 4 4 4 
Natural Personal Care3 3 4 4 
Lifestyle16 %18 %18 %19 %
International17 %16 %17 %15 %
Corporate and Other— %— %— %1 %
Total Company100 %100 %100 %100 %