v3.25.2
REVENUE RECOGNITION AND RECEIVABLES (Tables)
 9 Months Ended
Jun. 29, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table disaggregates our revenue for the three and nine month periods ended June 29, 2025 and June 30, 2024, by segment and geographic region (based upon destination) and revenue type:
Three Month Period Ended June 29, 2025Three Month Period Ended June 30, 2024
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Geographic Region
NA$149.1 $187.5 $92.0 $428.6 $177.1 $208.4 $116.2 $501.7 
EMEA95.6 — 101.3 196.9 93.7 — 109.8 203.5 
LATAM3.2 1.7 46.5 51.4 3.9 2.6 44.5 51.0 
APAC7.3 — 15.4 22.7 7.5 — 15.7 23.2 
Total revenue$255.2 $189.2 $255.2 $699.6 $282.2 $211.0 $286.2 $779.4 
Revenue type
Product sales$251.8 $188.4 $253.7 $693.9 $278.5 $210.1 $284.5 $773.1 
Licensing2.4 0.8 1.5 4.7 2.4 0.9 1.6 4.9 
Service and other1.0 — — 1.0 1.3 — 0.1 1.4 
Total revenue$255.2 $189.2 $255.2 $699.6 $282.2 $211.0 $286.2 $779.4 
Nine Month Period Ended June 29, 2025Nine Month Period Ended June 30, 2024
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Geographic Sales
NA$466.5 $428.3 $320.2 $1,215.0 $532.3 $437.9 $357.8 $1,328.0 
EMEA289.6 — 358.7 648.3 286.7 — 357.5 644.2 
LATAM8.4 5.3 131.6 145.3 9.8 5.8 132.6 148.2 
APAC19.9 — 47.0 66.9 20.2 — 49.6 69.8 
Total revenue$784.4 $433.6 $857.5 $2,075.5 $849.0 $443.7 $897.5 $2,190.2 
Revenue type
Product Sales$775.0 $432.0 $852.3 $2,059.3 $838.0 $441.7 $891.9 $2,171.6 
Licensing6.6 1.6 4.9 13.1 7.1 2.0 5.2 14.3 
Service and other2.8 — 0.3 3.1 3.9 — 0.4 4.3 
Total revenue$784.4 $433.6 $857.5 $2,075.5 $849.0 $443.7 $897.5 $2,190.2 
Schedule of Significant Concentration Risk Associated The following table summarizes significant concentration risk associated with net sales for the three and nine month periods ended June 29, 2025 and June 30, 2024.
Three Month Periods EndedNine Month Periods Ended
(% of Net Sales)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Significant customers, exceeding 10% of net sales36.8 %37.7 %36.5 %36.4 %
Subject to Black & Decker trademark license agreement11.6 %11.1 %11.7 %11.8 %
The following summarizes the concentration risk of the associated receivables from the two significant customers. There were no additional concentrations of credit risk exceeding 10% of net trade receivables.
(% of Trade Receivables, Net)June 29, 2025September 30, 2024
Significant customers47.9 %42.6 %
Schedule of Allowance Product Returns
The following summarizes the allowance for product returns with direct customers and estimated credit losses on trade receivables as of June 29, 2025 and September 30, 2024. Costs and reserves associated with standard product warranties with consumers are not material to the condensed consolidated financial statements.
(in millions)Line ItemJune 29, 2025September 30, 2024
Liability for product returnsOther current liabilities$10.4 $14.4 
Allowance for doubtful accountsTrade receivables, net6.0 8.1