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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
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,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Net sales (1) |  |  |  |  |  |  |  |
Commercial Solutions |  | $ | 486 |  |  | $ | 535 |  |  | $ | 1,450 |  |  | $ | 1,361 |
Home Appliances |  | 443 |  |  | 430 |  |  | 1,197 |  |  | 1,021 |
Home Solutions |  | 598 |  |  | 623 |  |  | 1,627 |  |  | 1,384 |
Learning and Development |  | 869 |  |  | 728 |  |  | 2,330 |  |  | 1,887 |
Outdoor and Recreation |  | 391 |  |  | 383 |  |  | 1,180 |  |  | 1,043 |
|  | $ | 2,787 |  |  | $ | 2,699 |  |  | $ | 7,784 |  |  | $ | 6,696 |
Operating income (loss) (2) |  |  |  |  |  |  |  |
Commercial Solutions |  | $ | 18 |  |  | $ | 84 |  |  | $ | 111 |  |  | $ | (150) |
Home Appliances |  | 19 |  |  | 19 |  |  | 35 |  |  | (274) |
Home Solutions |  | 75 |  |  | 123 |  |  | 189 |  |  | (149) |
Learning and Development |  | 195 |  |  | 158 |  |  | 522 |  |  | 288 |
Outdoor and Recreation |  | 27 |  |  | 39 |  |  | 90 |  |  | (411) |
Corporate |  | (53) |  |  | (60) |  |  | (169) |  |  | (186) |
|  | $ | 281 |  |  | $ | 363 |  |  | $ | 778 |  |  | $ | (882) |
|  |  |  |  |  | September 30, 2021 |  | December 31, 2020
Segment assets |  |  |  |  |  |  |  |
Commercial Solutions |  |  |  |  |  | $ | 2,516 |  |  | $ | 2,529 |
Home Appliances |  |  |  |  |  | 1,094 |  |  | 970 |
Home Solutions |  |  |  |  |  | 3,174 |  |  | 3,087 |
Learning and Development |  |  |  |  |  | 4,561 |  |  | 4,663 |
Outdoor and Recreation |  |  |  |  |  | 940 |  |  | 988 |
Corporate |  |  |  |  |  | 2,235 |  |  | 2,463 |
|  |  |  |  |  | $ | 14,520 |  |  | $ | 14,700 |
|  |  |  | Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
Impairment of goodwill and indefinite-lived intangibles assets (3)
Commercial Solutions |  |  |  |  |  | $ | — |  |  | $ | 320 |
Home Appliances |  |  |  |  |  | — |  |  | 287 |
Home Solutions |  |  |  |  |  | — |  |  | 302 |
Learning and Development |  |  |  |  |  | 2 |  |  | 80 |
Outdoor and Recreation |  |  |  |  |  | — |  |  | 482 |
|  |  |  |  |  | $ | 2 |  |  | $ | 1,471 |
(1)All intercompany transactions have been eliminated. (2)Operating income (loss) by segment is net sales less cost of products sold, SG&A, restructuring and impairment of goodwill, intangibles and other assets. 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 net sales basis, and included in segment operating income. (3)The Company did not record any impairment charges during the nine months ended September 30, 2021. During the three months ended September 30, 2020, the Company concluded that a triggering event had occurred for an indefinite-lived intangible asset in the Learning and Development segment as a result of a product line divestiture. During the three and nine months ended September 30, 2020, the Company recorded a non-cash charge of $2 million to reflect the impairment of this indefinite-lived intangible asset. During the nine months ended September 30, 2020, the Company recorded impairment charges to reflect impairment of intangible assets related to certain of the Company’s indefinite-lived trade names and goodwill. See Footnote 6 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, 2021
| Commercial Solutions |  | Home Appliances |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Commercial | $ | 381 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 381 |
Connected Home Security | 105 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 105 |
Home Appliances | — |  |  | 443 |  |  | — |  |  | — |  |  | — |  |  | 443 |
Food | — |  |  | — |  |  | 330 |  |  | — |  |  | — |  |  | 330 |
Home Fragrance | — |  |  | — |  |  | 268 |  |  | — |  |  | — |  |  | 268 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 359 |  |  | — |  |  | 359 |
Writing | — |  |  | — |  |  | — |  |  | 510 |  |  | — |  |  | 510 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 391 |  |  | 391 |
Total | $ | 486 |  |  | $ | 443 |  |  | $ | 598 |  |  | $ | 869 |  |  | $ | 391 |  |  | $ | 2,787 |
North America | $ | 363 |  |  | $ | 249 |  |  | $ | 480 |  |  | $ | 651 |  |  | $ | 236 |  |  | $ | 1,979 |
International | 123 |  |  | 194 |  |  | 118 |  |  | 218 |  |  | 155 |  |  | 808 |
Total | $ | 486 |  |  | $ | 443 |  |  | $ | 598 |  |  | $ | 869 |  |  | $ | 391 |  |  | $ | 2,787 |
| Three Months Ended September 30, 2020
| Commercial Solutions |  | Home Appliances |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Commercial | $ | 416 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 416 |
Connected Home Security | 119 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 119 |
Home Appliances | — |  |  | 430 |  |  | — |  |  | — |  |  | — |  |  | 430 |
Food | — |  |  | — |  |  | 353 |  |  | — |  |  | — |  |  | 353 |
Home Fragrance | — |  |  | — |  |  | 270 |  |  | — |  |  | — |  |  | 270 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 307 |  |  | — |  |  | 307 |
Writing | — |  |  | — |  |  | — |  |  | 421 |  |  | — |  |  | 421 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 383 |  |  | 383 |
Total | $ | 535 |  |  | $ | 430 |  |  | $ | 623 |  |  | $ | 728 |  |  | $ | 383 |  |  | $ | 2,699 |
North America | $ | 407 |  |  | $ | 249 |  |  | $ | 510 |  |  | $ | 529 |  |  | $ | 232 |  |  | $ | 1,927 |
International | 128 |  |  | 181 |  |  | 113 |  |  | 199 |  |  | 151 |  |  | 772 |
Total | $ | 535 |  |  | $ | 430 |  |  | $ | 623 |  |  | $ | 728 |  |  | $ | 383 |  |  | $ | 2,699 |
| Nine Months Ended September 30, 2021
| Commercial Solutions |  | Home Appliances |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Commercial | $ | 1,162 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,162 |
Connected Home Security | 288 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 288 |
Home Appliances | — |  |  | 1,197 |  |  | — |  |  | — |  |  | — |  |  | 1,197 |
Food | — |  |  | — |  |  | 927 |  |  | — |  |  | — |  |  | 927 |
Home Fragrance | — |  |  | — |  |  | 700 |  |  | — |  |  | — |  |  | 700 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 959 |  |  | — |  |  | 959 |
Writing | — |  |  | — |  |  | — |  |  | 1,371 |  |  | — |  |  | 1,371 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 1,180 |  |  | 1,180 |
Total | $ | 1,450 |  |  | $ | 1,197 |  |  | $ | 1,627 |  |  | $ | 2,330 |  |  | $ | 1,180 |  |  | $ | 7,784 |
North America | $ | 1,071 |  |  | $ | 650 |  |  | $ | 1,306 |  |  | $ | 1,703 |  |  | $ | 669 |  |  | $ | 5,399 |
International | 379 |  |  | 547 |  |  | 321 |  |  | 627 |  |  | 511 |  |  | 2,385 |
Total | $ | 1,450 |  |  | $ | 1,197 |  |  | $ | 1,627 |  |  | $ | 2,330 |  |  | $ | 1,180 |  |  | $ | 7,784 |
| Nine Months Ended September 30, 2020
| Commercial Solutions |  | Home Appliances |  | Home Solutions |  | Learning and Development |  | Outdoor and Recreation |  | Total
Commercial | $ | 1,109 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,109 |
Connected Home Security | 252 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 252 |
Home Appliances | — |  |  | 1,021 |  |  | — |  |  | — |  |  | — |  |  | 1,021 |
Food | — |  |  | — |  |  | 849 |  |  | — |  |  | — |  |  | 849 |
Home Fragrance | — |  |  | — |  |  | 535 |  |  | — |  |  | — |  |  | 535 |
Baby and Parenting | — |  |  | — |  |  | — |  |  | 790 |  |  | — |  |  | 790 |
Writing | — |  |  | — |  |  | — |  |  | 1,097 |  |  | — |  |  | 1,097 |
Outdoor and Recreation | — |  |  | — |  |  | — |  |  | — |  |  | 1,043 |  |  | 1,043 |
Total | $ | 1,361 |  |  | $ | 1,021 |  |  | $ | 1,384 |  |  | $ | 1,887 |  |  | $ | 1,043 |  |  | $ | 6,696 |
North America | $ | 1,013 |  |  | $ | 597 |  |  | $ | 1,136 |  |  | $ | 1,393 |  |  | $ | 642 |  |  | $ | 4,781 |
International | 348 |  |  | 424 |  |  | 248 |  |  | 494 |  |  | 401 |  |  | 1,915 |
Total | $ | 1,361 |  |  | $ | 1,021 |  |  | $ | 1,384 |  |  | $ | 1,887 |  |  | $ | 1,043 |  |  | $ | 6,696 |

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