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Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting Information, Additional Information [Abstract] |
Segment Information | Industry Segment Information On October 22, 2015, the Company acquired Elmer’s, whose brands include Elmer’s®, Krazy Glue®, and X-Acto®. Elmer’s is a provider of activity-based adhesive and cutting products and is included in the Writing segment. The segment information includes the results of operations of Elmer’s since the acquisition date. Refer to Footnote 2 for additional information about the acquisition. On September 4, 2014, the Company acquired 100% of Ignite. Ignite is a designer and marketer of durable beverage containers sold under the Contigo® and Avex® brands and is included in the Home Solutions segment. On October 22, 2014, the Company acquired the assets of bubba, a designer and marketer of durable beverage containers, which is included in the Home Solutions segment. On December 15, 2014, the Company acquired Baby Jogger, a designer and marketer of premium infant and juvenile products focused on activity strollers and related accessories, which is included in the Baby & Parenting segment. The segment information includes the results of operations of all three acquired companies since the acquisition date. Refer to Footnote 2 for additional information about the acquisitions. The Company’s reportable segments are as follows:
Segment |  | Key Brands |  | Description of Primary Products
Writing |  | Sharpie®, Paper Mate®, Expo®, Prismacolor®, Mr. Sketch®, Elmer's®, X-Acto®, Parker®, Waterman®, Dymo® Office |  | Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; fine writing instruments; labeling solutions
Home Solutions |  | Rubbermaid®, Contigo®, bubba®, Calphalon®, Levolor®, Goody® |  | Indoor/outdoor organization, food storage and home storage products; durable beverage containers; gourmet cookware, bakeware and cutlery; window treatments; hair care accessories
Tools |  | Irwin®, Lenox®, hilmor™, Dymo® Industrial |  | 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® |  | Cleaning and refuse products; hygiene systems; material handling solutions
Baby & Parenting |  | Graco®, Baby Jogger®, Aprica®, Teutonia® |  | Infant and juvenile products such as car seats, strollers, highchairs and playards
The Company’s segment and geographic results are as follows as of and for the years ended December 31, (in millions):
| 2015 |  | 2014 |  | 2013
Net Sales(1) |  |  |  |  |
Writing | $ | 1,763.5 |  |  | $ | 1,708.9 |  |  | $ | 1,653.6 |
Home Solutions | 1,704.2 |  |  | 1,575.4 |  |  | 1,560.3 |
Tools | 790.0 |  |  | 852.2 |  |  | 817.9 |
Commercial Products | 809.7 |  |  | 837.1 |  |  | 785.9 |
Baby & Parenting | 848.3 |  |  | 753.4 |  |  | 789.3 |
| $ | 5,915.7 |  |  | $ | 5,727.0 |  |  | $ | 5,607.0 |
Operating Income(2) |  |  |  |  |
Writing | $ | 430.8 |  |  | $ | 416.6 |  |  | $ | 382.2 |
Home Solutions | 238.4 |  |  | 196.0 |  |  | 213.1 |
Tools | 85.1 |  |  | 94.6 |  |  | 68.3 |
Commercial Products | 100.8 |  |  | 101.3 |  |  | 82.5 |
Baby & Parenting | 55.2 |  |  | 40.6 |  |  | 91.2 |
Restructuring costs | (77.2 | ) |  | (52.8 | ) |  | (110.3 | )
Corporate | (231.7 | ) |  | (191.6 | ) |  | (111.9 | )
| $ | 601.4 |  |  | $ | 604.7 |  |  | $ | 615.1 |
| 2015 |  | 2014 |  | 2013
Depreciation & Amortization(2) |  |  |  |  |
Writing | $ | 23.9 |  |  | $ | 25.9 |  |  | $ | 30.5 |
Home Solutions | 45.4 |  |  | 29.7 |  |  | 25.5 |
Tools | 16.6 |  |  | 15.3 |  |  | 15.6 |
Commercial Products | 16.9 |  |  | 21.4 |  |  | 24.0 |
Baby & Parenting | 15.0 |  |  | 11.1 |  |  | 9.8 |
Corporate(2) | 52.3 |  |  | 50.4 |  |  | 49.8 |
| $ | 170.1 |  |  | $ | 153.8 |  |  | $ | 155.2 |
| 2015 |  | 2014 |  | 2013
Capital Expenditures(3) |  |  |  |  |
Writing | $ | 39.5 |  |  | $ | 34.3 |  |  | $ | 25.5 |
Home Solutions | 47.6 |  |  | 31.1 |  |  | 31.5 |
Tools | 19.2 |  |  | 18.4 |  |  | 29.3 |
Commercial Products | 31.1 |  |  | 27.6 |  |  | 16.7 |
Baby & Parenting | 14.1 |  |  | 8.7 |  |  | 6.9 |
Corporate(3) | 58.7 |  |  | 40.1 |  |  | 26.9 |
| $ | 210.2 |  |  | $ | 160.2 |  |  | $ | 136.8 |
| 2015 |  | 2014
Identifiable Assets |  |  |
Writing | $ | 1,286.5 |  |  | $ | 981.9 |
Home Solutions | 776.7 |  |  | 806.4 |
Tools | 578.8 |  |  | 605.0 |
Commercial Products | 351.7 |  |  | 375.1 |
Baby & Parenting | 485.1 |  |  | 481.0 |
Corporate(4) | 3,799.2 |  |  | 3,314.9 |
| $ | 7,278.0 |  |  | $ | 6,564.3 |
Geographic Area Information |  |  |  |  |
(in millions) | 2015 |  | 2014 |  | 2013
Net Sales(1) (5) |  |  |  |  |
United States | $ | 4,291.8 |  |  | $ | 3,945.1 |  |  | $ | 3,783.3 |
Canada | 249.8 |  |  | 284.3 |  |  | 310.9 |
Total North America | 4,541.6 |  |  | 4,229.4 |  |  | 4,094.2 |
Europe, Middle East and Africa | 591.1 |  |  | 683.5 |  |  | 698.2 |
Latin America | 408.5 |  |  | 409.9 |  |  | 392.6 |
Asia Pacific | 374.5 |  |  | 404.2 |  |  | 422.0 |
Total International | 1,374.1 |  |  | 1,497.6 |  |  | 1,512.8 |
| $ | 5,915.7 |  |  | $ | 5,727.0 |  |  | $ | 5,607.0 |
Operating Income (Loss)(2) (6) |  |  |  |  |
United States | $ | 440.1 |  |  | $ | 405.2 |  |  | $ | 474.6 |
Canada | 53.4 |  |  | 62.7 |  |  | 74.9 |
Total North America | 493.5 |  |  | 467.9 |  |  | 549.5 |
Europe, Middle East and Africa | 57.1 |  |  | 82.0 |  |  | (15.7 | )
Latin America | 43.4 |  |  | 39.1 |  |  | 29.7 |
Asia Pacific | 7.4 |  |  | 15.7 |  |  | 51.6 |
Total International | 107.9 |  |  | 136.8 |  |  | 65.6 |
| $ | 601.4 |  |  | $ | 604.7 |  |  | $ | 615.1 |
(1) | All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 10.9%, 10.6% and 11.2% of consolidated net sales in 2015, 2014 and 2013, respectively, substantially across all segments.
(2) | Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, impairment charges and restructuring costs. 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.
Depreciation and amortization excludes $1.5 million, $2.3 million and $3.8 million included in discontinued operations for 2015, 2014 and 2013, respectively.
(3) | Corporate capital expenditures includes capital expenditures related to the SAP and other software implementations and corporate property, plant and equipment. Capital expenditures exclude $1.2 million, $1.7 million and $1.4 million associated with discontinued operations in 2015, 2014 and 2013, respectively.
(4) | Corporate assets primarily include goodwill, capitalized software, cash, deferred tax assets and assets held for sale.
(5) | Geographic sales information is based on the region from which the products are shipped and invoiced. Long-lived assets by geography are not presented because it is impracticable to do so.
(6) | The following table summarizes the restructuring costs by region on a continuing basis included in operating income (loss) above (in millions):
| 2015 |  | 2014 |  | 2013
Restructuring Costs |  |  |  |  |
United States | $ | (40.9 | ) |  | $ | (28.9 | ) |  | $ | (30.9 | )
Canada | (5.3 | ) |  | (1.4 | ) |  | (0.4 | )
Total North America | (46.2 | ) |  | (30.3 | ) |  | (31.3 | )
Europe, Middle East and Africa | (20.3 | ) |  | (13.7 | ) |  | (69.9 | )
Latin America | (4.1 | ) |  | (2.8 | ) |  | (5.2 | )
Asia Pacific | (6.6 | ) |  | (6.0 | ) |  | (3.9 | )
Total International | (31.0 | ) |  | (22.5 | ) |  | (79.0 | )
| $ | (77.2 | ) |  | $ | (52.8 | ) |  | $ | (110.3 | )
The following table summarizes the net sales by product grouping for the years ended December 31, (in millions):
| 2015 |  | 2014 |  | 2013
Writing: |  |  |  |  |
Writing instruments | $ | 1,501.3 |  |  | $ | 1,451.3 |  |  | $ | 1,412.0 |
Adhesive and cutting products | 36.3 |  |  | — |  |  | — |
Technology solutions | 225.9 |  |  | 257.6 |  |  | 241.6 |
| 1,763.5 |  |  | 1,708.9 |  |  | 1,653.6 |
Home Solutions: |  |  |  |  |
Home and food storage products | 1,033.0 |  |  | 867.5 |  |  | 849.9 |
Décor | 300.8 |  |  | 315.3 |  |  | 320.4 |
Other | 370.4 |  |  | 392.6 |  |  | 390.0 |
| 1,704.2 |  |  | 1,575.4 |  |  | 1,560.3 |
Tools | 790.0 |  |  | 852.2 |  |  | 817.9 |
Commercial Products | 809.7 |  |  | 837.1 |  |  | 785.9 |
Baby & Parenting | 848.3 |  |  | 753.4 |  |  | 789.3 |
| $ | 5,915.7 |  |  | $ | 5,727.0 |  |  | $ | 5,607.0 |

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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 Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 2: 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 3: 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 4: 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 Reference 5: 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 6: 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 7: 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 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 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 10: 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 11: 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 12: 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 13: 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 14: 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 + Details
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