| REVENUE RECOGNITION AND RECEIVABLES The Company generates all of its revenue from contracts with customers. 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, 2025 | | Three Month Period Ended June 30, 2024 | | (in millions) | | GPC | | H&G | | HPC | | Total | | GPC | | H&G | | HPC | | Total | | Geographic Region | | | | | | | | | | | | | | | | | | NA | | $ | 149.1 | | | $ | 187.5 | | | $ | 92.0 | | | $ | 428.6 | | | $ | 177.1 | | | $ | 208.4 | | | $ | 116.2 | | | $ | 501.7 | | | EMEA | | 95.6 | | | — | | | 101.3 | | | 196.9 | | | 93.7 | | | — | | | 109.8 | | | 203.5 | | | LATAM | | 3.2 | | | 1.7 | | | 46.5 | | | 51.4 | | | 3.9 | | | 2.6 | | | 44.5 | | | 51.0 | | | APAC | | 7.3 | | | — | | | 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 | | | Licensing | | 2.4 | | | 0.8 | | | 1.5 | | | 4.7 | | | 2.4 | | | 0.9 | | | 1.6 | | | 4.9 | | | Service and other | | 1.0 | | | — | | | — | | | 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, 2025 | | Nine Month Period Ended June 30, 2024 | | (in millions) | | GPC | | H&G | | HPC | | Total | | GPC | | H&G | | HPC | | Total | | Geographic Sales | | | | | | | | | | | | | | | | | | NA | | $ | 466.5 | | | $ | 428.3 | | | $ | 320.2 | | | $ | 1,215.0 | | | $ | 532.3 | | | $ | 437.9 | | | $ | 357.8 | | | $ | 1,328.0 | | | EMEA | | 289.6 | | | — | | | 358.7 | | | 648.3 | | | 286.7 | | | — | | | 357.5 | | | 644.2 | | | LATAM | | 8.4 | | | 5.3 | | | 131.6 | | | 145.3 | | | 9.8 | | | 5.8 | | | 132.6 | | | 148.2 | | | APAC | | 19.9 | | | — | | | 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 | | | Licensing | | 6.6 | | | 1.6 | | | 4.9 | | | 13.1 | | | 7.1 | | | 2.0 | | | 5.2 | | | 14.3 | | | Service and other | | 2.8 | | | — | | | 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 | |
The Company has identified significant customers consisting of two large retail customers, each regularly exceeding 10% of consolidated net sales. All segments sell products to the significant customers and sales with those customers are considered significant to the respective segments. 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 Ended | | Nine Month Periods Ended | | (% of Net Sales) | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | | Significant customers, exceeding 10% of net sales | | 36.8 | % | | 37.7 | % | | 36.5 | % | | 36.4 | % | | Subject to Black & Decker trademark license agreement | | 11.6 | % | | 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, 2025 | | September 30, 2024 | | Significant customers | | 47.9 | % | | 42.6 | % |
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 Item | | June 29, 2025 | | September 30, 2024 | | Liability for product returns | | Other current liabilities | | $ | 10.4 | | | $ | 14.4 | | | Allowance for doubtful accounts | | Trade receivables, net | | 6.0 | | | 8.1 |
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