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Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2021

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 2021 and 2020 (in millions):

																														December 31, 2021
Segments:						Net Book Value at December 31, 2020																		Foreign Exchange						Gross Carrying Amount						Accumulated Impairment Charges						Net Book Value
Commercial Solutions						$	747																	$	—					$	1,241					$	(494)					$	747
Home Appliances						—																		—						569						(569)						—
Home Solutions						164																		—						2,567						(2,403)						164
Learning and Development						2,642																		(49)						3,439						(846)						2,593
Outdoor and Recreation						—																		—						788						(788)						—
						$	3,553																	$	(49)					$	8,604					$	(5,100)					$	3,504

																														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
Commercial Solutions						$	747					$	—					$	—					$	—					$	1,241					$	(494)					$	747
Home Appliances						200						—						(200)						—						569						(569)						—
Home Solutions						176						—						(12)						—						2,567						(2,403)						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 goodwill associated with its Home Appliances and Food reporting units were fully impaired and recorded a non-cash charge of $212 million to reduce the reporting units' goodwill to zero. See Footnote 1 for further information.

Summary of Other Intangible Asset Impairment Charges Allocated to Reporting Segments

The impairment charges for the acquired intangible assets were recorded in the Company’s reporting segments as follows for the years ended December 31, (in millions):

			2021 (1)						2020 (2)						2019 (3)
Impairment of acquired intangible assets
Commercial Solutions			$	29					$	320					$	152
Home Appliances			—						87						607
Home Solutions			—						290						152
Learning and Development			31						100						24
Outdoor and Recreation			—						482						118
			$	60					$	1,279					$	1,053

(1)During the fourth quarter of 2021, in conjunction with its annual impairment testing, the Company recorded non-cash impairment charges of $60 million associated with tradenames in the Commercial Solution and Learning and Development segments, as the carrying values exceeded the fair values, reflecting a downward revision of future expected cash flows, which include the impact of the COVID-19 global pandemic. Further impairments may occur if future expected cash flows are not achieved.

(2)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. 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.

(3)The carrying value of certain Home Appliances 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 Solutions 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 revision of 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, 2021 and 2020 (in millions):

			December 31, 2021																		December 31, 2020
			Gross Carrying Amount						Accumulated Amortization						Net Book Value						Gross Carrying Amount						Accumulated Amortization						Net Book Value						Amortization Periods (In years)
Tradenames - indefinite life			$	2,219					$	—					$	2,219					$	2,331					$	—					$	2,331					N/A
Tradenames - other			159						(65)						94						157						(55)						102						2 - 15
Capitalized software			631						(495)						136						625						(486)						139						3 - 12
Patents and intellectual property			22						(14)						8						67						(52)						15						3 - 14
Customer relationships and distributor channels			1,216						(303)						913						1,259						(282)						977						3 - 30
			$	4,247					$	(877)					$	3,370					$	4,439					$	(875)					$	3,564

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

At December 31, 2021, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):

Years ending December 31,						Amount
2022						$	107
2023						103
2024						90
2025						80
2026						70
Thereafter						701

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