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Segment Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s four primary operating segments are as follows:
Segment |  | Key Brands |  | Description of Primary Products
Appliances and Cookware |  | Calphalon®, Crock-Pot®, Mr. Coffee®, Oster® and Sunbeam® |  | Household products, including kitchen appliances, gourmet cookware, bakeware and cutlery
Food and Commercial |  | Ball®, FoodSaver®, Rubbermaid®, Rubbermaid Commercial Products®, Sistema®, Mapa®, Quickie® and Spontex® |  | Food storage and home storage products, fresh preserving products, vacuum sealing products, commercial cleaning and maintenance solutions, hygiene systems and material handling solutions
Home and Outdoor Living |  | Chesapeake Bay Candle®, Coleman®, Contigo®, ExOfficio®, First Alert®, Marmot®, WoodWick® and Yankee Candle® |  | Products for outdoor and outdoor-related activities, home fragrance products and connected home and security
Learning and Development |  | Aprica®, Baby Jogger®, Dymo®, Elmer’s®, EXPO®, Graco®, Mr. Sketch®, NUK®, Paper Mate®, Parker®, Prismacolor®, Sharpie®, Tigex® Waterman® and X-Acto® |  | Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products
As a result of the decision to retain the Commercial Business, the financial information below for 2018 and 2017 has been recast for the new segment structure. This new structure reflects the manner in which the chief operating decision maker regularly assesses information for decision-making purposes, including the allocation of resources. The Company also provides general corporate services to its segments which is reported as a non-operating segment, Corporate. The Company’s segment and geographic results are as follows at and for the years ended December 31, (in millions):
| 2019
| Appliances and Cookware |  | Food and Commercial |  | Home and Outdoor Living |  | Learning and Development |  | Corporate |  | Restructuring Costs |  | Consolidated
Net sales (1) | $ | 1,691.0 |  |  | $ | 2,243.9 |  |  | $ | 2,823.4 |  |  | $ | 2,956.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,714.9 |
Operating income (loss) (2) | (535.3 | ) |  | (42.3 | ) |  | (173.2 | ) |  | 587.2 |  |  | (291.0 | ) |  | (27.1 | ) |  | (481.7 | )
Other segment data: |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets | $ | 1,467.9 |  |  | $ | 3,794.7 |  |  | $ | 3,833.0 |  |  | $ | 4,800.2 |  |  | $ | 1,746.2 |  |  | $ | — |  |  | $ | 15,642.0 |
Capital expenditures | 17.1 |  |  | 49.3 |  |  | 54.2 |  |  | 68.4 |  |  | 58.6 |  |  | — |  |  | 247.6 |
Depreciation and amortization | 23.5 |  |  | 134.6 |  |  | 91.5 |  |  | 67.2 |  |  | 129.2 |  |  | — |  |  | 446.0 |
| 2018
| Appliances and Cookware |  | Food and Commercial |  | Home and Outdoor Living |  | Learning and Development |  | Other |  | Corporate |  | Restructuring Costs |  | Consolidated
Net sales (1) | $ | 1,818.6 |  |  | $ | 2,403.6 |  |  | $ | 2,946.7 |  |  | $ | 2,981.6 |  |  | $ | 3.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,154.0 |
Operating income (loss) (2) | (1,596.3 | ) |  | (1,458.9 | ) |  | (4,237.7 | ) |  | 237.9 |  |  | 3.8 |  |  | (416.0 | ) |  | (86.8 | ) |  | (7,554.0 | )
Other segment data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets | $ | 2,134.5 |  |  | $ | 4,209.4 |  |  | $ | 4,103.2 |  |  | $ | 4,882.1 |  |  | $ | — |  |  | $ | 1,149.4 |  |  | $ | — |  |  | $ | 16,478.6 |
Capital expenditures | 23.2 |  |  | 59.7 |  |  | 51.2 |  |  | 54.5 |  |  | — |  |  | 74.7 |  |  | — |  |  | 263.3 |
Depreciation and amortization | 23.0 |  |  | 64.3 |  |  | 94.7 |  |  | 74.3 |  |  | — |  |  | 115.6 |  |  | — |  |  | 371.9 |
| 2017
| Appliances and Cookware |  | Food and Commercial |  | Home and Outdoor Living |  | Learning and Development |  | Other |  | Corporate |  | Restructuring Costs |  | Consolidated
Net sales (1) | $ | 2,006.9 |  |  | $ | 2,532.6 |  |  | $ | 3,114.1 |  |  | $ | 3,269.0 |  |  | $ | 247.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,170.4 |
Operating income (loss) (2) | 170.6 |  |  | 373.2 |  |  | 278.0 |  |  | 544.8 |  |  | (75.1 | ) |  | (489.4 | ) |  | (95.3 | ) |  | 706.8 |
Other segment data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | 11.2 |  |  | 33.8 |  |  | $ | 54.9 |  |  | $ | 8.2 |  |  | $ | 7.4 |  |  | $ | 176.2 |  |  | $ | — |  |  | $ | 291.7 |
Depreciation and amortization | 26.3 |  |  | 93.6 |  |  | 105.6 |  |  | 68.8 |  |  | 4.6 |  |  | 101.7 |  |  | — |  |  | 400.6 |
Geographic Area Information |  |  |  |  |
| 2019 |  | 2018 |  | 2017
Net Sales (1) (3) |  |  |  |  |
United States | $ | 6,497.4 |  |  | $ | 6,808.1 |  |  | $ | 7,568.0 |
Canada | 422.7 |  |  | 455.5 |  |  | 507.2 |
Total North America | 6,920.1 |  |  | 7,263.6 |  |  | 8,075.2 |
Europe, Middle East and Africa | 1,397.8 |  |  | 1,462.9 |  |  | 1,586.5 |
Latin America | 702.3 |  |  | 709.2 |  |  | 756.1 |
Asia Pacific | 694.7 |  |  | 718.3 |  |  | 752.6 |
Total International | 2,794.8 |  |  | 2,890.4 |  |  | 3,095.2 |
| $ | 9,714.9 |  |  | $ | 10,154.0 |  |  | $ | 11,170.4 |
Sales to Walmart Inc. and subsidiaries amounted to approximately 14.6%, 14.6% and 14.8% of consolidated net sales in 2019, 2018 and 2017, respectively, substantially across all segments.
(1) | All intercompany transactions have been eliminated.
(2) | Operating income (loss) by segment is net sales less cost of products sold and selling, general administrative expenses (“SG&A”). Operating income by geographic area is net sales less cost of products sold, SG&A, 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.
(3) | 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.
The following table disaggregates revenue by major product grouping source and geography for the years ended December 31, (in millions):
| 2019
| Appliances and Cookware |  | Food and Commercial |  | Home and Outdoor Living |  | Learning and Development |  | Total
Appliances and Cookware | $ | 1,691.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,691.0 |
Food | — |  |  | 841.4 |  |  | — |  |  | — |  |  | 841.4 |
Commercial | — |  |  | 1,402.5 |  |  | — |  |  | — |  |  | 1,402.5 |
Connected Home and Security | — |  |  | — |  |  | 376.8 |  |  | — |  |  | 376.8 |
Home Fragrance | — |  |  | — |  |  | 1,033.1 |  |  | — |  |  | 1,033.1 |
Outdoor and Recreation | — |  |  | — |  |  | 1,413.5 |  |  | — |  |  | 1,413.5 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 1,111.6 |  |  | 1,111.6 |
Writing | — |  |  | — |  |  | — |  |  | 1,845.0 |  |  | 1,845.0 |
Total | $ | 1,691.0 |  |  | $ | 2,243.9 |  |  | $ | 2,823.4 |  |  | $ | 2,956.6 |  |  | $ | 9,714.9 |
North America | $ | 1,100.6 |  |  | $ | 1,656.8 |  |  | $ | 2,071.2 |  |  | $ | 2,091.5 |  |  | $ | 6,920.1 |
International | 590.4 |  |  | 587.1 |  |  | 752.2 |  |  | 865.1 |  |  | 2,794.8 |
Total | $ | 1,691.0 |  |  | $ | 2,243.9 |  |  | $ | 2,823.4 |  |  | $ | 2,956.6 |  |  | $ | 9,714.9 |
| 2018
| Appliances and Cookware |  | Food and Commercial |  | Home and Outdoor Living |  | Learning and Development |  | Other |  | Total
Appliances and Cookware | $ | 1,818.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,818.6 |
Food | — |  |  | 880.5 |  |  | — |  |  | — |  |  | — |  |  | 880.5 |
Commercial | — |  |  | 1,523.1 |  |  | — |  |  | — |  |  | — |  |  | 1,523.1 |
Connected Home and Security | — |  |  | — |  |  | 376.5 |  |  | — |  |  | — |  |  | 376.5 |
Home Fragrance | — |  |  | — |  |  | 1,054.5 |  |  | — |  |  | — |  |  | 1,054.5 |
Outdoor and Recreation | — |  |  | — |  |  | 1,515.7 |  |  | — |  |  | — |  |  | 1,515.7 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 1,132.9 |  |  | — |  |  | 1,132.9 |
Writing | — |  |  | — |  |  | — |  |  | 1,848.7 |  |  | — |  |  | 1,848.7 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | 3.5 |  |  | 3.5 |
Total | $ | 1,818.6 |  |  | $ | 2,403.6 |  |  | $ | 2,946.7 |  |  | $ | 2,981.6 |  |  | $ | 3.5 |  |  | $ | 10,154.0 |
North America | $ | 1,215.2 |  |  | $ | 1,788.2 |  |  | $ | 2,174.7 |  |  | $ | 2,082.4 |  |  | $ | 3.1 |  |  | $ | 7,263.6 |
International | 603.4 |  |  | 615.4 |  |  | 772.0 |  |  | 899.2 |  |  | 0.4 |  |  | 2,890.4 |
Total | $ | 1,818.6 |  |  | $ | 2,403.6 |  |  | $ | 2,946.7 |  |  | $ | 2,981.6 |  |  | $ | 3.5 |  |  | $ | 10,154.0 |
| 2017
| Appliances and Cookware |  | Food and Commercial |  | Home and Outdoor Living |  | Learning and Development |  | Other |  | Total
Appliances and Cookware | $ | 2,006.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,006.9 |
Food | — |  |  | 914.1 |  |  | — |  |  | — |  |  | — |  |  | 914.1 |
Commercial | — |  |  | 1,618.5 |  |  | — |  |  | — |  |  | — |  |  | 1,618.5 |
Connected Home and Security | — |  |  | — |  |  | 355.7 |  |  | — |  |  | — |  |  | 355.7 |
Home Fragrance | — |  |  | — |  |  | 1,063.4 |  |  | — |  |  | — |  |  | 1,063.4 |
Outdoor and Recreation | — |  |  | — |  |  | 1,695.0 |  |  | — |  |  | — |  |  | 1,695.0 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 1,285.2 |  |  | — |  |  | 1,285.2 |
Writing | — |  |  | — |  |  | — |  |  | 1,983.8 |  |  | — |  |  | 1,983.8 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | 247.8 |  |  | 247.8 |
Total | $ | 2,006.9 |  |  | $ | 2,532.6 |  |  | $ | 3,114.1 |  |  | $ | 3,269.0 |  |  | $ | 247.8 |  |  | $ | 11,170.4 |
North America | 1,390.6 |  |  | 1,935.9 |  |  | 2,315.7 |  |  | 2,271.6 |  |  | 161.4 |  |  | 8,075.2 |
International | 616.3 |  |  | 596.7 |  |  | 798.4 |  |  | 997.4 |  |  | 86.4 |  |  | 3,095.2 |
Total | $ | 2,006.9 |  |  | $ | 2,532.6 |  |  | $ | 3,114.1 |  |  | $ | 3,269.0 |  |  | $ | 247.8 |  |  | $ | 11,170.4 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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