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Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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.

Summary of Disaggregation of Revenue by Major Product Grouping Source and Geography

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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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Publisher FASB
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