v3.26.1
REVENUE RECOGNITION AND RECEIVABLES
 9 Months Ended
Jun. 28, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION AND RECEIVABLES 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 28, 2026 and June 29, 2025, by segment and geographic region (based upon destination) and revenue type.
Three Month Period Ended June 28, 2026Three Month Period Ended June 29, 2025
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Geographic Region
NA$159.3 $222.5 $86.3 $468.1 $149.1 $187.5 $92.0 $428.6 
EMEA92.6 — 108.5 201.1 95.6 — 101.3 196.9 
LATAM4.2 2.7 53.6 60.5 3.2 1.7 46.5 51.4 
APAC7.6 — 16.0 23.6 7.3 — 15.4 22.7 
Total revenue$263.7 $225.2 $264.4 $753.3 $255.2 $189.2 $255.2 $699.6 
Revenue type
Product sales$260.3 $224.8 $262.5 $747.6 $251.8 $188.4 $253.7 $693.9 
Licensing2.4 0.4 1.9 4.7 2.4 0.8 1.5 4.7 
Service and other1.0 — — 1.0 1.0 — — 1.0 
Total revenue$263.7 $225.2 $264.4 $753.3 $255.2 $189.2 $255.2 $699.6 
Nine Month Period Ended June 28, 2026Nine Month Period Ended June 29, 2025
(in millions)GPCH&GHPCTotalGPCH&GHPCTotal
Geographic Sales
NA$504.0 $462.2 $276.3 $1,242.5 $466.5 $428.3 $320.2 $1,215.0 
EMEA308.8 — 347.4 656.2 289.6 — 358.7 648.3 
LATAM10.9 6.4 154.7 172.0 8.4 5.3 131.6 145.3 
APAC20.9 — 47.6 68.5 19.9 — 47.0 66.9 
Total revenue$844.6 $468.6 $826.0 $2,139.2 $784.4 $433.6 $857.5 $2,075.5 
Revenue type
Product Sales$835.4 $467.4 $821.2 $2,124.0 $775.0 $432.0 $852.3 $2,059.3 
Licensing6.4 1.2 4.8 12.4 6.6 1.6 4.9 13.1 
Service and other2.8 — — 2.8 2.8 — 0.3 3.1 
Total revenue$844.6 $468.6 $826.0 $2,139.2 $784.4 $433.6 $857.5 $2,075.5 
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 retail 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 28, 2026 and June 29, 2025.
Three Month Periods EndedNine Month Periods Ended
(% of Net Sales)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Significant customers, exceeding 10% of net sales35.0 %36.8 %35.6 %36.5 %
Subject to Black & Decker trademark license agreement10.9 %11.6 %11.8 %11.7 %
The following summarizes the concentration risk of the associated receivables from the two significant retail customers. There were no additional concentrations of credit risk exceeding 10% of net trade receivables.
(% of Trade Receivables, Net)June 28, 2026September 30, 2025
Significant customers, exceeding 10% of net trade receivables38.0 %41.6 %
The following summarizes the allowance for product returns with direct customers and estimated credit losses on trade receivables as of June 28, 2026 and September 30, 2025. Costs and reserves associated with standard product warranties with consumers are not material to the condensed consolidated financial statements.
(in millions)Line ItemJune 28, 2026September 30, 2025
Allowance for doubtful accountsTrade receivables, net$6.2 $6.3 
Liability for product returnsOther current liabilities8.7 9.8