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Segment Information | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information During the first quarter of 2020, the Company appointed separate Chief Executive Officers for its Food and Commercial business units, each reporting directly to the CODM. The Company determined these appointments required a reassessment of its operating and reportable segments. As a result of its assessment, the Company concluded that the Food and Commercial business units were two separate operating segments but met the requirements to be aggregated into a single reportable segment, pursuant to authoritative accounting literature, as they had similar economic and qualitative characteristics. During the second quarter of 2020, the Company implemented further changes to its management reporting structure, which included: •The appointment of Chief Executive Officers for the Appliances and Cookware and Outdoor and Recreation business units; •Expanding the responsibilities of the Food business unit Chief Executive Officer to include oversight of the Home Fragrance business unit; and •Expanding the responsibilities of the Commercial business unit Chief Executive Officer to include oversight of the Connected Home & Security business unit. The Company determined these appointments required a reassessment of its operating and reportable segments. As a result of its assessment, the Company concluded that it had the following five primary reportable segments:
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
Commercial Solutions |  | BRK®, First Alert®, Mapa®, Quickie®, Rubbermaid Commercial Products®, and Spontex® |  | Commercial cleaning and maintenance solutions; hygiene systems and material handling solutions; connected home and security and smoke and carbon monoxide alarms
Home Solutions |  | Ball® (1), Chesapeake Bay Candle®, FoodSaver®, Rubbermaid®, Sistema®, WoodWick® and Yankee Candle® |  | Food and home storage products; fresh preserving products, vacuum sealing products and home fragrance products
Learning and Development |  | Aprica®, Baby Jogger®, Dymo®, Elmer’s®, EXPO®, Graco®, Mr. Sketch®, NUK®, Paper Mate®, Parker®, Prismacolor®, Sharpie®, Tigex® Waterman® and X-Acto® |  | Baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products and labeling solutions
Outdoor and Recreation |  | Coleman®, Contigo®, ExOfficio®, Marmot® |  | Products for outdoor and outdoor-related activities
(1) Ball® TM of Ball Corporation, used under license. This new structure reflects the manner in which the CODM 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. As a result of these changes, net sales, operating income (loss) and impairment of goodwill and indefinite-lived intangible assets for the three and nine months ended September 30, 2019 and segment assets as of December 31, 2019 have been recast for the new segment structure. Selected information by segment is presented in the following tables (in millions):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Net sales (1) |  |  |  |  |  |  |  |
Appliances and Cookware |  | $ | 479 |  |  | $ | 430 |  |  | $ | 1,129 |  |  | $ | 1,122 |
Commercial Solutions |  | 535 |  |  | 475 |  |  | 1,361 |  |  | 1,343 |
Home Solutions |  | 574 |  |  | 484 |  |  | 1,276 |  |  | 1,227 |
Learning and Development |  | 728 |  |  | 824 |  |  | 1,887 |  |  | 2,254 |
Outdoor and Recreation |  | 383 |  |  | 356 |  |  | 1,043 |  |  | 1,145 |
|  | $ | 2,699 |  |  | $ | 2,569 |  |  | $ | 6,696 |  |  | $ | 7,091 |
Operating income (loss) (2) |  |  |  |  |  |  |  |
Appliances and Cookware |  | $ | 32 |  |  | $ | (595) |  |  | $ | (266) |  |  | $ | (593) |
Commercial Solutions |  | 84 |  |  | (216) |  |  | (148) |  |  | (171) |
Home Solutions |  | 112 |  |  | (112) |  |  | (150) |  |  | (113) |
Learning and Development |  | 159 |  |  | 182 |  |  | 290 |  |  | 488 |
Outdoor and Recreation |  | 40 |  |  | (41) |  |  | (409) |  |  | 11 |
Corporate |  | (60) |  |  | (72) |  |  | (185) |  |  | (214) |
Restructuring |  | (4) |  |  | (3) |  |  | (14) |  |  | (22) |
|  | $ | 363 |  |  | $ | (857) |  |  | $ | (882) |  |  | $ | (614) |
|  |  |  |  |  | September 30, 2020 |  | December 31, 2019
Segment assets |  |  |  |  |  |  |  |
Appliances and Cookware |  |  |  |  |  | $ | 1,204 |  |  | $ | 1,468 |
Commercial Solutions |  |  |  |  |  | 2,534 |  |  | 2,731 |
Home Solutions |  |  |  |  |  | 3,142 |  |  | 3,327 |
Learning and Development |  |  |  |  |  | 5,128 |  |  | 4,800 |
Outdoor and Recreation |  |  |  |  |  | 1,108 |  |  | 1,570 |
Corporate |  |  |  |  |  | 1,604 |  |  | 1,746 |
|  |  |  |  |  | $ | 14,720 |  |  | $ | 15,642 |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Impairment of goodwill and indefinite-lived intangibles assets (3)
Appliances and Cookware |  | $ | — |  |  | $ | 609 |  |  | $ | 299 |  |  | $ | 609 |
Commercial Solutions |  | — |  |  | 236 |  |  | 320 |  |  | 310 |
Home Solutions |  | — |  |  | 158 |  |  | 290 |  |  | 158 |
Learning and Development |  | 2 |  |  | 1 |  |  | 80 |  |  | 1 |
Outdoor and Recreation |  | — |  |  | 67 |  |  | 482 |  |  | 67 |
|  | $ | 2 |  |  | $ | 1,071 |  |  | $ | 1,471 |  |  | $ | 1,145 |
(1)All intercompany transactions have been eliminated. (2)Operating income (loss) by segment is net sales less cost of products sold, SG&A and impairment of goodwill, intangibles and other assets for continuing operations. Certain Corporate expenses of an operational nature are allocated to business segments primarily on a net sales basis. Corporate depreciation and amortization is allocated to the segments on a percentage of sales basis, and included in segment operating income. (3)During the three and nine months ended September 30, 2020, as a result of a product line divestiture in the Learning and Development segment, the Company recorded impairment charges of $2 million to reflect impairment of an intangible asset related to certain of the segment’s indefinite-lived trade names. During the nine months ended September 30, 2020, the Company also recorded impairment charges to reflect impairment of intangible assets related to certain of the Company’s indefinite-lived trade names and goodwill. During the three months ended September 30, 2019, as a result of the Company’s annual other indefinite-lived intangible impairment testing, the Company recorded impairment charges to reflect impairment of intangible assets related to certain of the Company’s indefinite-lived trade names and goodwill. During the nine months ended September 30, 2019 the Company also recorded an impairment charge to reflect a decrease in the carrying values of Mapa/Spontex and Quickie goodwill while these businesses were classified as held for sale. See Footnote 7 for further information. The following tables disaggregates revenue by major product grouping source and geography for the periods indicated (in millions):
| Three Months Ended September 30, 2020
| Appliances and Cookware |  | Commercial Solutions |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Appliances and Cookware | $ | 479 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 479 |
Commercial | — |  |  | 416 |  |  | — |  |  | — |  |  | — |  |  | 416 |
Connected Home Security | — |  |  | 119 |  |  | — |  |  | — |  |  | — |  |  | 119 |
Food | — |  |  | — |  |  | 304 |  |  | — |  |  | — |  |  | 304 |
Home Fragrance | — |  |  | — |  |  | 270 |  |  | — |  |  | — |  |  | 270 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 307 |  |  | — |  |  | 307 |
Writing | — |  |  | — |  |  | — |  |  | 421 |  |  | — |  |  | 421 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 383 |  |  | 383 |
Total | $ | 479 |  |  | $ | 535 |  |  | $ | 574 |  |  | $ | 728 |  |  | $ | 383 |  |  | $ | 2,699 |
North America | $ | 297 |  |  | $ | 407 |  |  | $ | 462 |  |  | $ | 529 |  |  | $ | 232 |  |  | $ | 1,927 |
International | 182 |  |  | 128 |  |  | 112 |  |  | 199 |  |  | 151 |  |  | 772 |
Total | $ | 479 |  |  | $ | 535 |  |  | $ | 574 |  |  | $ | 728 |  |  | $ | 383 |  |  | $ | 2,699 |
| Three Months Ended September 30, 2019
| Appliances and Cookware |  | Commercial Solutions |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Appliances and Cookware | $ | 430 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 430 |
Commercial | — |  |  | 362 |  |  | — |  |  | — |  |  | — |  |  | 362 |
Connected Home Security | — |  |  | 113 |  |  | — |  |  | — |  |  | — |  |  | 113 |
Food | — |  |  | — |  |  | 229 |  |  | — |  |  | — |  |  | 229 |
Home Fragrance | — |  |  | — |  |  | 255 |  |  | — |  |  | — |  |  | 255 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 300 |  |  | — |  |  | 300 |
Writing | — |  |  | — |  |  | — |  |  | 524 |  |  | — |  |  | 524 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 356 |  |  | 356 |
Total | $ | 430 |  |  | $ | 475 |  |  | $ | 484 |  |  | $ | 824 |  |  | $ | 356 |  |  | $ | 2,569 |
North America | $ | 297 |  |  | $ | 366 |  |  | $ | 384 |  |  | $ | 605 |  |  | $ | 230 |  |  | $ | 1,882 |
International | 133 |  |  | 109 |  |  | 100 |  |  | 219 |  |  | 126 |  |  | 687 |
Total | $ | 430 |  |  | $ | 475 |  |  | $ | 484 |  |  | $ | 824 |  |  | $ | 356 |  |  | $ | 2,569 |
| Nine Months Ended September 30, 2020
| Appliances and Cookware |  | Commercial Solutions |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Appliances and Cookware | $ | 1,129 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,129 |
Commercial | — |  |  | 1,109 |  |  | — |  |  | — |  |  | — |  |  | 1,109 |
Connected Home Security | — |  |  | 252 |  |  | — |  |  | — |  |  | — |  |  | 252 |
Food | — |  |  | — |  |  | 741 |  |  | — |  |  | — |  |  | 741 |
Home Fragrance | — |  |  | — |  |  | 535 |  |  | — |  |  | — |  |  | 535 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 790 |  |  | — |  |  | 790 |
Writing | — |  |  | — |  |  | — |  |  | 1,097 |  |  | — |  |  | 1,097 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 1,043 |  |  | 1,043 |
Total | $ | 1,129 |  |  | $ | 1,361 |  |  | $ | 1,276 |  |  | $ | 1,887 |  |  | $ | 1,043 |  |  | $ | 6,696 |
North America | $ | 704 |  |  | $ | 1,013 |  |  | $ | 1,029 |  |  | $ | 1,393 |  |  | $ | 642 |  |  | $ | 4,781 |
International | 425 |  |  | 348 |  |  | 247 |  |  | 494 |  |  | 401 |  |  | 1,915 |
Total | $ | 1,129 |  |  | $ | 1,361 |  |  | $ | 1,276 |  |  | $ | 1,887 |  |  | $ | 1,043 |  |  | $ | 6,696 |
| Nine Months Ended September 30, 2019
| Appliances and Cookware |  | Commercial Solutions |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Appliances and Cookware | $ | 1,122 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,122 |
Commercial | — |  |  | 1,056 |  |  | — |  |  | — |  |  | — |  |  | 1,056 |
Connected Home Security | — |  |  | 287 |  |  | — |  |  | — |  |  | — |  |  | 287 |
Food | — |  |  | — |  |  | 604 |  |  | — |  |  | — |  |  | 604 |
Home Fragrance | — |  |  | — |  |  | 623 |  |  | — |  |  | — |  |  | 623 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 826 |  |  | — |  |  | 826 |
Writing | — |  |  | — |  |  | — |  |  | 1,428 |  |  | — |  |  | 1,428 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 1,145 |  |  | 1,145 |
Total | $ | 1,122 |  |  | $ | 1,343 |  |  | $ | 1,227 |  |  | $ | 2,254 |  |  | $ | 1,145 |  |  | $ | 7,091 |
North America | $ | 731 |  |  | $ | 1,018 |  |  | $ | 963 |  |  | $ | 1,626 |  |  | $ | 720 |  |  | $ | 5,058 |
International | 391 |  |  | 325 |  |  | 264 |  |  | 628 |  |  | 425 |  |  | 2,033 |
Total | $ | 1,122 |  |  | $ | 1,343 |  |  | $ | 1,227 |  |  | $ | 2,254 |  |  | $ | 1,145 |  |  | $ | 7,091 |

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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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