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Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2020
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 2020 and 2019 (in millions):
|  |  |  |  |  |  |  |  |  | December 31, 2020
Segments: |  | Net Book Value at December 31, 2019 |  | Other Adjustments (1) |  | Impairment Charges (2) |  | Foreign Exchange |  | Gross Carrying Amount |  | Accumulated Impairment Charges |  | Net Book Value
Appliances and Cookware |  | $ | 212 |  |  | $ | — |  |  | $ | (212) |  |  | $ | — |  |  | $ | 744 |  |  | $ | (744) |  |  | $ | — |
Commercial Solutions |  | 747 |  |  | — |  |  | — |  |  | — |  |  | 1,241 |  |  | (494) |  |  | 747 |
Home Solutions |  | 164 |  |  | — |  |  | — |  |  | — |  |  | 2,392 |  |  | (2,228) |  |  | 164 |
Learning and Development |  | 2,586 |  |  | (3) |  |  | — |  |  | 59 |  |  | 3,488 |  |  | (846) |  |  | 2,642 |
Outdoor and Recreation |  | — |  |  | — |  |  | — |  |  | — |  |  | 788 |  |  | (788) |  |  | — |
|  | $ | 3,709 |  |  | $ | (3) |  |  | $ | (212) |  |  | $ | 59 |  |  | $ | 8,653 |  |  | $ | (5,100) |  |  | $ | 3,553 |
(1)During the third quarter of 2020, the Company divested a product line in its Learning and Development segment and allocated $3 million of reporting unit goodwill to the calculation of loss on disposal of business. See Footnote 2 for further information. (2)During the first quarter of 2020, the Company concluded that a triggering event had occurred for all of its reporting units as a result of the COVID-19 global pandemic. Pursuant to the authoritative literature, the Company performed an impairment test and determined that the goodwill associated with its Appliances and Cookware reporting unit was fully impaired and recorded a non-cash charge of $212 million to reduce the reporting unit's goodwill to zero. See Footnote 1 for further information.
|  |  |  |  |  |  |  |  |  | December 31, 2019
Segments: |  | Net Book Value at December 31, 2018 |  | Other Adjustments (1) |  | Impairment Charges (2) |  | Foreign Exchange |  | Gross Carrying Amount |  | Accumulated Impairment Charges |  | Net Book Value
Appliances and Cookware |  | $ | 211 |  |  | $ | (7) |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | 744 |  |  | $ | (532) |  |  | $ | 212 |
Commercial Solutions |  | 904 |  |  | 1 |  |  | (158) |  |  | — |  |  | 1,241 |  |  | (494) |  |  | 747 |
Home Solutions |  | 164 |  |  | 6 |  |  | (6) |  |  | — |  |  | 2,392 |  |  | (2,228) |  |  | 164 |
Learning and Development |  | 2,595 |  |  | 1 |  |  | (1) |  |  | (9) |  |  | 3,432 |  |  | (846) |  |  | 2,586 |
Outdoor and Recreation |  | $ | — |  |  | $ | 2 |  |  | $ | (2) |  |  | $ | — |  |  | $ | 788 |  |  | $ | (788) |  |  | $ | — |
|  | $ | 3,874 |  |  | $ | 3 |  |  | $ | (160) |  |  | $ | (8) |  |  | $ | 8,597 |  |  | $ | (4,888) |  |  | $ | 3,709 |
(1)During 2019, in connection with the Company’s state income tax payable/receivable reconciliation process, the Company identified that a state income tax receivable initially recorded in March 2017 was overstated by $20 million. The Company determined that the offset to this overstated receivable was recorded as a reduction to goodwill and, subsequently, recorded an entry during the current year to increase goodwill by this amount with a corresponding reduction to its state income tax receivable. Additionally, the Company identified and reversed $9 million of reserves for uncertain tax positions that were no longer required as the statutes of limitations had previously expired across multiple prior years. Therefore, the Company recorded an adjustment to income tax expense with a corresponding reduction to its reserves for uncertain tax positions. The Company was required to allocate the goodwill and reversal of reserves for uncertain tax positions to its businesses and reporting units in order to determine whether or not the carrying value of a disposal group or reporting unit that was previously sold or impaired needed to be updated. Based on its analysis, the Company concluded that the entire $20 million goodwill balance and the reversal of $9 million of reserves for uncertain tax positions would have been impaired or recognized as a loss on disposal in previously issued financial statements. As such, in 2019 the Company recorded pre-tax out-of-period impairment charges and a loss on sale of divested businesses of $3 million and $8 million, respectively, of which $3 million ($2 million after-tax) and $8 million ($6 million after-tax) were reflected in continuing operations and discontinued operations, respectively, in the Company’s Consolidated Statement of Operations. The Company concluded the effects of such adjustments were not material to the current period or previously issued financial statements. See Footnote 1 for further information.(2)In 2019, the Company recorded non-cash impairment charges in the Commercial Solutions segment to reflect a decrease in the carrying values of Mapa/Spontex and Quickie by a total of $158 million while these businesses were classified as held for sale.
Summary of Other Intangible Asset Impairment Charges Allocated to Reporting Segments | Acquired intangible asset impairment charges were recorded in the Company’s reporting segments as follows (in millions):
| 2020 (1) |  | 2019 (2)
Impairment of acquired intangible assets |  |  |
Appliances and Cookware | $ | 87 |  |  | $ | 607 |
Commercial Solutions | 320 |  |  | 152 |
Home Solutions | 290 |  |  | 152 |
Learning and Development | 100 |  |  | 24 |
Outdoor and Recreation | 482 |  |  | 118 |
| $ | 1,279 |  |  | $ | 1,053 |
(1)During the fourth quarter of 2020, in conjunction with its annual impairment testing, the Company recorded a non-cash impairment charge of $20 million associated with a tradename in the Learning and Development segment, as its carrying value exceeded its fair value. The impairment reflected a downward revision of forecasted results due to the impact of the delayed and limited re-opening of schools and offices as a result of the COVID-19 global pandemic, as well as the continued deterioration in sales for slime-related adhesive products. The rate and duration of the decline for such products, which is expected to continue into the future, is difficult to predict. Further impairments of this tradename may also occur if future expected cash flows are not achieved. During the first quarter of 2020, as a result of the impairment testing performed in connection with COVID-19 pandemic triggering event, the Company determined that certain of its indefinite-lived intangible assets in all of its operating segments were impaired and recorded non-cash impairment charges of $1.3 billion to reflect the impairment of these indefinite-lived tradenames because their carrying values exceeded their fair values. (2)The carrying value of certain Appliances and Cookware tradenames exceeded their fair value primarily due to the announced tariffs on Chinese imports, as well as a decline in sales volume due to a loss in market share for certain appliance categories driven by the success of newly launched competitive products. Both of these factors resulted in downward revisions to forecasted results. In 2019, the Company recorded impairment charges in the Commercial Solution segment to reflect a decrease in the carrying values of Mapa/Spontex and Quickie while these businesses were classified as held for sale. In the Home Solution segment, the impairment charges relate to certain Home Fragrance trademarks/tradenames. The Home Fragrance business has experienced a shift in product mix, which resulted in a downward revision to forecasted results for one of its tradenames. In the Learning and Development segment, the impairment charge related to certain Writing trademarks/tradenames. The Writing business experienced softening trends in sales of slime-related adhesive products. Related sales of such products during the fourth quarter of 2019 deteriorated at a faster rate than expected, which resulted in a downward revision to forecasted results for one of its tradenames. The carrying value of certain Outdoor and Recreation tradenames exceeded their fair value primarily due to decline in demand for certain products, which resulted in a downward forecasted results.
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 at December 31, 2020 and 2019 (in millions):
| December 31, 2020 |  | December 31, 2019 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Amortization Periods (In years)
Tradenames - indefinite life | $ | 2,331 |  |  | $ | — |  |  | $ | 2,331 |  |  | $ | 3,560 |  |  | $ | — |  |  | $ | 3,560 |  |  | N/A
Tradenames - other | 157 |  |  | (55) |  |  | 102 |  |  | 169 |  |  | (50) |  |  | 119 |  |  | 2 - 15
Capitalized software | 625 |  |  | (486) |  |  | 139 |  |  | 587 |  |  | (435) |  |  | 152 |  |  | 3 - 12
Patents and intellectual property | 67 |  |  | (52) |  |  | 15 |  |  | 135 |  |  | (102) |  |  | 33 |  |  | 3 - 14
Customer relationships and distributor channels | 1,259 |  |  | (282) |  |  | 977 |  |  | 1,328 |  |  | (283) |  |  | 1,045 |  |  | 3 - 30
Other | — |  |  | — |  |  | — |  |  | 109 |  |  | (102) |  |  | 7 |  |  | 3 - 5
| $ | 4,439 |  |  | $ | (875) |  |  | $ | 3,564 |  |  | $ | 5,888 |  |  | $ | (972) |  |  | $ | 4,916 |  |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | At December 31, 2020, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):
Years ending December 31, |  | Amount
2021 |  | $ | 120 |
2022 |  | 105 |
2023 |  | 95 |
2024 |  | 88 |
2025 |  | 80 |
Thereafter |  | 745 |

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