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Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Information | Segment Information Effective January 1, 2023, as a result of the implementation of a new operating model intended to drive further simplification and unlock additional efficiencies and synergies within the Company, the CODM now reviews the businesses as three operating segments: Home and Commercial Solutions, Learning and Development and Outdoor and Recreation. The Home and Commercial Solutions operating segment represents the combination of the previously reported Commercial Solutions, Home Appliances and Home Solutions operating segments. Prior period comparable results have been reclassified to conform to the operating segment change. On March 31, 2022, the Company sold its CH&S business unit to Resideo Technologies, Inc. The results of operations for CH&S continued to be reported in the Consolidated Statements of Operations as part of the Home and Commercial Solutions segment through March 31, 2022. The Company’s three primary operating segments are as follows:
Segment |  | Key Brands |  | Description of Primary Products
Home and Commercial Solutions |  | Ball(1), Calphalon, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, Rubbermaid, Rubbermaid Commercial Products, Sistema, Spontex, Sunbeam, WoodWick and Yankee Candle |  | Commercial cleaning and maintenance solutions; closet and garage organization; hygiene systems and material handling solutions; household products, including kitchen appliances; food and home storage products; fresh preserving products; vacuum sealing products; gourmet cookware, bakeware and cutlery and home fragrance products
Learning and Development |  | Dymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker and Sharpie |  | Baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based products and labeling solutions
Outdoor and Recreation |  | Campingaz, Coleman, Contigo and Marmot |  | Active lifestyle products for outdoor and outdoor-related activities; technical apparel and on-the-go beverageware
(1) and Ball®, TM of Ball Corporation, used under license. This 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. The Company’s segment and geographic results are as follows at and for the years ended December 31, (in millions):
|  | 2023 |  | 2022 |  | 2021
Net sales (1) |  |  |  |  |  |
Home and Commercial Solutions (3) |  | $ | 4,428 |  |  | $ | 5,194 |  |  | $ | 6,077 |
Learning and Development |  | 2,706 |  |  | 2,950 |  |  | 3,028 |
Outdoor and Recreation |  | 999 |  |  | 1,315 |  |  | 1,484 |
|  | $ | 8,133 |  |  | $ | 9,459 |  |  | $ | 10,589 |
|  | 2023 |  | 2022 |  | 2021
Operating income (loss) (2) |  |  |  |  |  |
Home and Commercial Solutions (3) |  | $ | 37 |  |  | $ | (212) |  |  | $ | 566 |
Learning and Development |  | 213 |  |  | 593 |  |  | 600 |
Outdoor and Recreation |  | (83) |  |  | 86 |  |  | 90 |
Corporate |  | (252) |  |  | (155) |  |  | (243) |
|  | $ | (85) |  |  | $ | 312 |  |  | $ | 1,013 |
|  | 2023 |  | 2022 |  | 2021
Depreciation and amortization |  |  |  |  |  |
Home and Commercial Solutions (3) |  | $ | 163 |  |  | $ | 145 |  |  | $ | 169 |
Learning and Development |  | 71 |  |  | 60 |  |  | 57 |
Outdoor and Recreation |  | 35 |  |  | 34 |  |  | 35 |
Corporate |  | 65 |  |  | 57 |  |  | 64 |
|  | $ | 334 |  |  | $ | 296 |  |  | $ | 325 |
|  | 2023 |  | 2022 |  | 2021
Impairment of goodwill and intangible assets |  |  |  |  |  |
Home and Commercial Solutions (3) |  | $ | 76 |  |  | $ | 444 |  |  | $ | 29 |
Learning and Development |  | 241 |  |  | 30 |  |  | 31 |
Outdoor and Recreation |  | 22 |  |  | — |  |  | — |
|  | $ | 339 |  |  | $ | 474 |  |  | $ | 60 |
|  | 2023 |  | 2022 |  | 2021
Capital expenditures |  |  |  |  |  |
Home and Commercial Solutions (3) |  | $ | 93 |  |  | $ | 107 |  |  | $ | 131 |
Learning and Development |  | 60 |  |  | 70 |  |  | 73 |
Outdoor and Recreation |  | 16 |  |  | 21 |  |  | 24 |
Corporate |  | 115 |  |  | 114 |  |  | 61 |
|  | $ | 284 |  |  | $ | 312 |  |  | $ | 289 |
|  | December 31, 2023 |  | December 31, 2022
Segment assets |  |  |  |
Home and Commercial Solutions |  | $ | 4,713 |  |  | $ | 5,243 |
Learning and Development |  | 4,111 |  |  | 4,494 |
Outdoor and Recreation |  | 687 |  |  | 920 |
Corporate |  | 2,652 |  |  | 2,605 |
|  | $ | 12,163 |  |  | $ | 13,262 |
Geographic area information |  |  |  |  |
| 2023 |  | 2022 |  | 2021
Net Sales (1) (4) |  |  |  |  |
United States | $ | 5,129 |  |  | $ | 6,144 |  |  | $ | 6,921 |
Canada | 313 |  |  | 375 |  |  | 444 |
Total North America | 5,442 |  |  | 6,519 |  |  | 7,365 |
Europe, Middle East and Africa | 1,283 |  |  | 1,408 |  |  | 1,647 |
Latin America | 863 |  |  | 837 |  |  | 810 |
Asia Pacific | 545 |  |  | 695 |  |  | 767 |
Total International | 2,691 |  |  | 2,940 |  |  | 3,224 |
| $ | 8,133 |  |  | $ | 9,459 |  |  | $ | 10,589 |
(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 headquarters 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 the allocated depreciation and amortization are included in segment operating income (loss). (3)Home and Commercial Solutions net sales, operating income, depreciation and amortization, capital expenditures and segment assets exclude the CH&S business as a result of the sale of this business starting from the end of the first quarter of 2022. (4)Geographic sales information is based on the region from which the products are shipped and invoiced. Long-lived assets by geography are not presented because it is impracticable to do so. The Company’s largest customer, Walmart Inc. and subsidiaries (“Walmart”), accounted for approximately 15.0%, 14.0% and 15.0% of net sales in 2023, 2022 and 2021, respectively. Amazon, the Company’s second largest customer, accounted for approximately 13.0% of net sales in each of 2023, 2022 and 2021. The following table disaggregates revenue by major product grouping source and geography for the years ended December 31, (in millions):
|  |  | 2023 |  | 2022 |  | 2021
| Commercial |  | $ | 1,434 |  |  | $ | 1,582 |  |  | $ | 1,558 |
| Kitchen |  | 2,244 |  |  | 2,618 |  |  | 3,033 |
| Home Fragrance |  | 750 |  |  | 885 |  |  | 1,091 |
| Connected Home and Security |  | — |  |  | 109 |  |  | 395 |
Home and Commercial Solutions |  | 4,428 |  |  | 5,194 |  |  | 6,077 |
| Baby |  | 989 |  |  | 1,197 |  |  | 1,265 |
| Writing |  | 1,717 |  |  | 1,753 |  |  | 1,763 |
Learning and Development |  | 2,706 |  |  | 2,950 |  |  | 3,028 |
Outdoor and Recreation |  | 999 |  |  | 1,315 |  |  | 1,484 |
|  | $ | 8,133 |  |  | $ | 9,459 |  |  | $ | 10,589 |
North America |  |  |  |  |  |
| Home and Commercial Solutions |  | $ | 2,942 |  |  | $ | 3,625 |  |  | $ | 4,319 |
| Learning and Development |  | 1,937 |  |  | 2,156 |  |  | 2,172 |
| Outdoor and Recreation |  | 563 |  |  | 738 |  |  | 874 |
|  |  | $ | 5,442 |  |  | $ | 6,519 |  |  | $ | 7,365 |
International |  |  |  |  |  |
| Home and Commercial Solutions |  | $ | 1,486 |  |  | $ | 1,569 |  |  | $ | 1,758 |
| Learning and Development |  | 769 |  |  | 794 |  |  | 856 |
| Outdoor and Recreation |  | 436 |  |  | 577 |  |  | 610 |
|  |  | $ | 2,691 |  |  | $ | 2,940 |  |  | $ | 3,224 |
TOTAL |  |  |  |  |  |
| Home and Commercial Solutions |  | $ | 4,428 |  |  | $ | 5,194 |  |  | $ | 6,077 |
| Learning and Development |  | 2,706 |  |  | 2,950 |  |  | 3,028 |
| Outdoor and Recreation |  | 999 |  |  | 1,315 |  |  | 1,484 |
|  |  | $ | 8,133 |  |  | $ | 9,459 |  |  | $ | 10,589 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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