XML 63 R36.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Goodwill by Reportable Business Segment | A summary of changes in the Company’s goodwill by reportable business segment is as follows for 2018 and 2017 (in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  | December 31, 2018 |
Segment |  | Net Book Value at December 31, 2017 |  |  | Other Adjustments |  |  | Impairment Charges (1) |  |  | Foreign Exchange |  |  | Gross Carrying Amount |  |  | Accumulated Impairment Charges |  |  | Net Book Value |
Food and Appliances |  | $ | 1,990.0 |  |  | $ | — |  |  | $ | (1,766.9 | ) |  | $ | (11.9 | ) |  | $ | 2,097.4 |  |  | $ | (1,886.2 | ) |  | $ | 211.2 |
Home and Outdoor Living |  |  | 2,148.0 |  |  |  | — |  |  |  | (1,985.0 | ) |  |  | 0.8 |  |  |  | 2,148.8 |  |  |  | (1,985.0 | ) |  |  | 163.8 |
Learning and Development |  |  | 2,735.0 |  |  |  | — |  |  |  | (105.3 | ) |  |  | (34.5 | ) |  |  | 3,441.2 |  |  |  | (846.0 | ) |  |  | 2,595.2 |
|  | $ | 6,873.0 |  |  | $ | — |  |  | $ | (3,857.2 | ) |  | $ | (45.6 | ) |  | $ | 7,687.4 |  |  | $ | (4,717.2 | ) |  | $ | 2,970.2 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | December 31, 2017 |
Segment |  | Net Book Value at December 31, 2016 |  |  | Other Adjustments (2) |  |  | Impairment Charges |  |  | Foreign Exchange |  |  | Gross Carrying Amount |  |  | Accumulated Impairment Charges |  |  | Net Book Value |
Food and Appliances |  | $ | 1,791.8 |  |  | $ | 189.1 |  |  | $ | — |  |  | $ | 9.1 |  |  | $ | 2,109.3 |  |  | $ | (119.3 | ) |  | $ | 1,990.0 |
Home and Outdoor Living |  |  | 2,074.3 |  |  |  | 62.8 |  |  |  | — |  |  |  | 10.9 |  |  |  | 2,148.0 |  |  |  | — |  |  |  | 2,148.0 |
Learning and Development |  |  | 2,654.6 |  |  |  | 7.4 |  |  |  | — |  |  |  | 73.0 |  |  |  | 3,475.7 |  |  |  | (740.7 | ) |  |  | 2,735.0 |
|  | $ | 6,520.7 |  |  | $ | 259.3 |  |  | $ | — |  |  | $ | 93.0 |  |  | $ | 7,733.0 |  |  | $ | (860.0 | ) |  | $ | 6,873.0 |
(1) | In the Food and Appliances segment, the impairment charges of $1.3 billion and $420 million were recorded within the Food and Appliances and Cookware reporting units, respectively. In the Home and Outdoor Living segment, the impairment charges of $875 million, $787 million and $323 million were recorded within the Home Fragrance, Outdoor and Recreation and Connected Home and Security reporting units, respectively. In the Learning and Development segment, the impairment charge was attributable to the Baby reporting unit.
(2) | Comprised primarily of adjustments primarily related to the acquisitions of Sistema in Food and Appliances, Smith Mountain Chesapeake Bay Candle in Home and Outdoors in 2017 and the Jarden Acquisition, whose purchase price allocation was finalized during the second quarter of 2017 (see Footnote 2).
Summary of Other Intangible Asset Impairment Charges Allocated to Reporting Segments | Other intangible asset impairment charges were allocated to the Company’s reporting segments as follows (in millions):
|  | Year Ended December 31, 2018 |
Impairment of intangibles (1) |  |  |  |
Food and Appliances |  | $ | 1,746.7 |
Home and Outdoor Living |  |  | 2,434.1 |
Learning and Development |  |  | 246.0 |
Total |  | $ | 4,426.8 |
| (1) | In the Food and Appliances segment, impairment charges of $1.3 billion and $455 million were recorded within the Appliances and Cookware and Food reporting units, respectively. In the Home and Outdoor Living segment, impairment charges of $1.7 billion, $630 million and $75 million were recorded within the Home Fragrance, Outdoor and Recreation and Connected Home and Security reporting units, respectively. In the Learning and Development segment, the impairment charge recorded was attributable to the Baby reporting unit.
Schedule of Other Intangible Assets and Related Amortization Periods | The table below summarizes the balance of other intangible assets, net and the related amortization periods using the straight-line method and attribution method as of December 31, (in millions):
|  | 2018 |  |  | 2017 |  |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Amortization Periods (in years) |
Trade names — indefinite life |  | $ | 4,093.0 |  |  | $ | — |  |  | $ | 4,093.0 |  |  | $ | 8,563.6 |  |  | $ | — |  |  | $ | 8,563.6 |  |  |  | N/A |
Trade names — other |  |  | 170.5 |  |  |  | (36.5 | ) |  |  | 134.0 |  |  |  | 190.7 |  |  |  | (35.7 | ) |  |  | 155.0 |  |  |  | 2-15 |
Capitalized software |  |  | 520.0 |  |  |  | (348.1 | ) |  |  | 171.9 |  |  |  | 485.8 |  |  |  | (302.9 | ) |  |  | 182.9 |  |  |  | 3–12 |
Patents and intellectual property |  |  | 136.4 |  |  |  | (79.2 | ) |  |  | 57.2 |  |  |  | 152.0 |  |  |  | (81.4 | ) |  |  | 70.6 |  |  |  | 3–14 |
Customer relationships and distributor channels |  |  | 1,269.7 |  |  |  | (180.9 | ) |  |  | 1,088.8 |  |  |  | 1,324.7 |  |  |  | (159.6 | ) |  |  | 1,165.1 |  |  |  | 3–30 |
Other |  |  | 109.0 |  |  |  | (74.3 | ) |  |  | 34.7 |  |  |  | 112.8 |  |  |  | (50.4 | ) |  |  | 62.4 |  |  |  | 3–5 |
|  | $ | 6,298.6 |  |  | $ | (719.0 | ) |  | $ | 5,579.6 |  |  | $ | 10,829.6 |  |  | $ | (630.0 | ) |  | $ | 10,199.6 |  |  |  |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of December 31, 2018, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):
Years Ending December 31, |  | Amount |
2019 |  | $ | 178.1 |
2020 |  |  | 148.0 |
2021 |  |  | 122.3 |
2022 |  |  | 87.5 |
2023 |  |  | 68.7 |
Thereafter |  |  | 882.0 |

X
- Definition Tabular disclosure of indefinite and finite-lived intangible assets. + References No definition available. + Details
Name: | nwl_ScheduleOfIndefiniteAndFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | nwl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired intangible assets excluding goodwill. This may include a description of the facts and circumstances leading to the recording of impairment charges of intangible assets in the period, the amount of the impairment charges, the methods of determining fair value of the associated assets, the caption in the income statement in which the impairment losses are aggregated, and the segment in which the impaired intangible assets are reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 + Details
Name: | us-gaap_ScheduleOfImpairedIntangibleAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration