SEGMENT RESULTS

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT RESULTS

SEGMENT RESULTS

The Company operates through strategic business units (SBUs) that are also the Company’s operating segments. The SBUs are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International.

Certain non-allocated administrative costs, interest income, interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets 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 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.

	Net sales
	Three Months Ended				Nine Months Ended
	3/31/2022		3/31/2021		3/31/2022		3/31/2021
Health and Wellness	$	662	$	680	$	2,055	$	2,310
Household	539		510		1,404		1,421
Lifestyle	306		293		961		928
International	302		298		886		880
Total	$	1,809	$	1,781	$	5,306	$	5,539
	Earnings (losses) before income taxes
	Three Months Ended				Nine Months Ended
	3/31/2022		3/31/2021		3/31/2022		3/31/2021
Health and Wellness (1)	$	84	$	(183)	$	245	$	315
Household	92		97		138		266
Lifestyle	66		68		239		259
International	31		30		80		184
Corporate	(73)		(71)		(224)		(225)
Total	$	200	$	(59)	$	478	$	799

(1) The earnings (losses) before income taxes for the Health and Wellness segment include a $329 non-cash goodwill, trademark and other asset impairment charge for the VMS SBU for the three and nine months ended March 31, 2021.

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, Wal-Mart Stores, Inc. and its affiliates, as a percentage of consolidated net sales, were 25% for the three and nine months ended March 31, 2022, and 24% for the three and nine months ended March 31, 2021.

The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by SBU, for the periods indicated:

	Net sales
	Three Months Ended				Nine Months Ended
	3/31/2022		3/31/2021		3/31/2022		3/31/2021
Cleaning	28	%	29	%	30	%	30	%
Professional Products	4		5		5		7
Vitamins, Minerals and Supplements	4		4		4		4
Health and Wellness	36	%	38	%	39	%	41	%
Bags and Wraps	12		11		12		11
Cat Litter	8		7		8		7
Grilling	10		11		6		8
Household	30	%	29	%	26	%	26	%
Food Products	10		10		10		9
Natural Personal Care	4		3		4		4
Water Filtration	3		3		4		4
Lifestyle	17	%	16	%	18	%	17	%
International	17	%	17	%	17	%	16	%
Total	100	%	100	%	100	%	100	%