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Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2013
Segment Reporting Information, Additional Information [Abstract] |
Segment Information | Segment Information During the first nine months of 2013, the Company divested its Hardware and Teach platform businesses, which were primarily included in the former Specialty segment. Accordingly, the results of operations of these businesses were classified as discontinued operations. During the nine months ended September 30, 2013, the remaining businesses in the former Specialty segment, specifically Dymo® Office and Endicia®, were combined with the Writing segment given the significant channel and operating synergies. As a result of these changes, the 2012 segment information in this footnote and Footnote 4 pertaining to restructuring have been presented to reflect five business segments, including the impacts of classifying the Hardware and Teach platform businesses as discontinued operations. The Company’s reportable segments are as follows:
Segment |  | Key Brands |  | Description of Primary Products
Writing |  | Sharpie®, Paper Mate®, Expo®, Parker®, Waterman®, Dymo® Office, Endicia® |  | Writing instruments, including markers and highlighters, pens and pencils; art products; fine writing instruments; office technology solutions, including labeling and on-line postage solutions
Home Solutions |  | Rubbermaid®, Calphalon®, Levolor®, Goody® |  | Indoor/outdoor organization, food storage and home storage products; gourmet cookware, bakeware, cutlery and small kitchen electrics; window treatments; hair care accessories
Tools |  | Irwin®, Lenox®, Dymo® Industrial, hilmor™ |  | Hand tools and power tool accessories; industrial bandsaw blades; tools for HVAC systems; label makers and printers for industrial use
Commercial Products |  | Rubbermaid Commercial Products®, Rubbermaid® Healthcare |  | Cleaning and refuse products, hygiene systems, material handling solutions; medical and computer carts and wall-mounted workstations
Baby & Parenting |  | Graco®, Aprica®, Teutonia® |  | Infant and juvenile products such as car seats, strollers, highchairs and playards
The comparative information for segment results and identifiable assets has been restated to conform to the 2013 presentation and is as follows (in millions):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Net Sales (1) |  |  |  |  |  |  |
Writing | $ | 454.7 |  |  | $ | 458.6 |  |  | $ | 1,273.1 |  |  | $ | 1,293.3 |
Home Solutions | 431.4 |  |  | 403.8 |  |  | 1,169.4 |  |  | 1,121.8 |
Tools | 210.6 |  |  | 203.6 |  |  | 597.2 |  |  | 596.6 |
Commercial Products | 196.3 |  |  | 205.6 |  |  | 583.0 |  |  | 571.1 |
Baby & Parenting | 194.2 |  |  | 185.3 |  |  | 580.0 |  |  | 549.9 |
| $ | 1,487.2 |  |  | $ | 1,456.9 |  |  | $ | 4,202.7 |  |  | $ | 4,132.7 |
Operating Income (Loss) (2) |  |  |  |  |  |  |
Writing | $ | 108.8 |  |  | $ | 83.6 |  |  | $ | 295.6 |  |  | $ | 255.7 |
Home Solutions | 66.3 |  |  | 64.0 |  |  | 154.1 |  |  | 137.5 |
Tools | 12.3 |  |  | 26.8 |  |  | 49.3 |  |  | 86.0 |
Commercial Products | 23.5 |  |  | 31.2 |  |  | 67.0 |  |  | 70.9 |
Baby & Parenting | 23.9 |  |  | 18.3 |  |  | 71.6 |  |  | 59.9 |
Restructuring costs | (31.3 | ) |  | (12.3 | ) |  | (97.7 | ) |  | (34.4 | )
Corporate | (24.9 | ) |  | (24.6 | ) |  | (78.1 | ) |  | (88.0 | )
| $ | 178.6 |  |  | $ | 187.0 |  |  | $ | 461.8 |  |  | $ | 487.6 |
| September 30, 2013 |  | December 31, 2012
Identifiable Assets |  |  |
Writing | $ | 1,012.7 |  |  | $ | 1,145.2 |
Home Solutions | 592.7 |  |  | 573.2 |
Tools | 615.0 |  |  | 562.8 |
Commercial Products | 342.7 |  |  | 348.8 |
Baby & Parenting | 310.6 |  |  | 312.7 |
Corporate (3) | 3,279.2 |  |  | 3,279.3 |
| $ | 6,152.9 |  |  | $ | 6,222.0 |
Geographic Area Information
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Net Sales (1), (4) |  |  |  |  |  |  |
United States | $ | 1,035.9 |  |  | $ | 994.6 |  |  | $ | 2,870.9 |  |  | $ | 2,775.5 |
Canada | 84.8 |  |  | 84.7 |  |  | 230.0 |  |  | 236.0 |
Total North America | 1,120.7 |  |  | 1,079.3 |  |  | 3,100.9 |  |  | 3,011.5 |
Europe, Middle East and Africa | 162.9 |  |  | 172.4 |  |  | 511.4 |  |  | 529.3 |
Latin America | 104.3 |  |  | 85.5 |  |  | 281.7 |  |  | 243.0 |
Asia Pacific | 99.3 |  |  | 119.7 |  |  | 308.7 |  |  | 348.9 |
Total International | 366.5 |  |  | 377.6 |  |  | 1,101.8 |  |  | 1,121.2 |
| $ | 1,487.2 |  |  | $ | 1,456.9 |  |  | $ | 4,202.7 |  |  | $ | 4,132.7 |
Operating Income (Loss) (2), (5) |  |  |  |  |  |  |
United States | $ | 142.0 |  |  | $ | 137.9 |  |  | $ | 379.5 |  |  | $ | 352.1 |
Canada | 19.3 |  |  | 18.2 |  |  | 50.8 |  |  | 47.8 |
Total North America | 161.3 |  |  | 156.1 |  |  | 430.3 |  |  | 399.9 |
Europe, Middle East and Africa | (5.9 | ) |  | 2.6 |  |  | (29.3 | ) |  | 16.5 |
Latin America | 11.9 |  |  | 6.0 |  |  | 20.0 |  |  | 4.9 |
Asia Pacific | 11.3 |  |  | 22.3 |  |  | 40.8 |  |  | 66.3 |
Total International | 17.3 |  |  | 30.9 |  |  | 31.5 |  |  | 87.7 |
| $ | 178.6 |  |  | $ | 187.0 |  |  | $ | 461.8 |  |  | $ | 487.6 |
(1) | All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 13.8% and 11.8% of consolidated net sales in the three months ended September 30, 2013 and 2012, respectively, and approximately 11.2% and 10.4% of consolidated net sales in the nine months ended September 30, 2013 and 2012, respectively.
(2) | Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses for continuing operations. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, restructuring costs and impairment charges, if any, for continuing operations. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.
(3) | Corporate assets primarily include goodwill, capitalized software, cash, deferred tax assets and assets held for sale.
(4) | Geographic sales information is based on the region from which the products are shipped and invoiced.
(5) | The following table summarizes the restructuring costs by region included in operating income (loss) above (in millions):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Restructuring Costs |  |  |  |  |  |  |
United States | $ | 9.1 |  |  | $ | 3.9 |  |  | $ | 21.9 |  |  | $ | 18.3 |
Canada | 0.1 |  |  | 0.3 |  |  | 0.1 |  |  | 0.8 |
Total North America | 9.2 |  |  | 4.2 |  |  | 22.0 |  |  | 19.1 |
Europe, Middle East and Africa | 19.3 |  |  | 6.1 |  |  | 67.6 |  |  | 11.7 |
Latin America | 0.6 |  |  | 1.7 |  |  | 4.2 |  |  | 2.6 |
Asia Pacific | 2.2 |  |  | 0.3 |  |  | 3.9 |  |  | 1.0 |
Total International | 22.1 |  |  | 8.1 |  |  | 75.7 |  |  | 15.3 |
| $ | 31.3 |  |  | $ | 12.3 |  |  | $ | 97.7 |  |  | $ | 34.4 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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