Segment Information

12 Months Ended

Dec. 31, 2019

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