XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s three reportable segments are:
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. Selected information by segment is presented in the following tables (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2024 |  | 2023
Net sales (1) |  |  |  |  |  |  |  |
Home and Commercial Solutions |  |  |  |  |  | $ | 893 |  |  | $ | 971 |
Learning and Development |  |  |  |  |  | 559 |  |  | 564 |
Outdoor and Recreation |  |  |  |  |  | 201 |  |  | 270 |
|  |  |  |  |  | $ | 1,653 |  |  | $ | 1,805 |
Operating income (loss) (2) |  |  |  |  |  |  |  |
Home and Commercial Solutions |  |  |  |  |  | $ | 16 |  |  | $ | (37) |
Learning and Development |  |  |  |  |  | 94 |  |  | 72 |
Outdoor and Recreation |  |  |  |  |  | (18) |  |  | (1) |
Corporate |  |  |  |  |  | (76) |  |  | (70) |
|  |  |  |  |  | $ | 16 |  |  | $ | (36) |
|  |  |  |  |  | March 31, 2024 |  | December 31, 2023
Segment assets |  |  |  |  |  |  |  |
Home and Commercial Solutions |  |  |  |  |  | $ | 4,585 |  |  | $ | 4,713 |
Learning and Development |  |  |  |  |  | 4,082 |  |  | 4,111 |
Outdoor and Recreation |  |  |  |  |  | 690 |  |  | 687 |
Corporate |  |  |  |  |  | 2,743 |  |  | 2,652 |
|  |  |  |  |  | $ | 12,100 |  |  | $ | 12,163 |
(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 (loss). The following table disaggregates revenue by major product grouping source for the periods indicated (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2024 |  | 2023
Commercial |  |  |  |  |  | $ | 324 |  |  | $ | 348 |
Kitchen |  |  |  |  |  | 438 |  |  | 459 |
Home Fragrance |  |  |  |  |  | 131 |  |  | 164 |
Home and Commercial Solutions |  |  |  |  |  | 893 |  |  | 971 |
Baby |  |  |  |  |  | 220 |  |  | 217 |
Writing |  |  |  |  |  | 339 |  |  | 347 |
Learning and Development |  |  |  |  |  | 559 |  |  | 564 |
Outdoor and Recreation |  |  |  |  |  | 201 |  |  | 270 |
TOTAL |  |  |  |  |  | $ | 1,653 |  |  | $ | 1,805 |
The following table disaggregates revenue by geography for the periods indicated (in millions):
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
|  | North America |  | International |  | TOTAL |  | North America |  | International |  | TOTAL
Home and Commercial Solutions |  | $ | 576 |  |  | $ | 317 |  |  | $ | 893 |  |  | $ | 643 |  |  | $ | 328 |  |  | $ | 971 |
Learning and Development |  | 392 |  |  | 167 |  |  | 559 |  |  | 395 |  |  | 169 |  |  | 564 |
Outdoor and Recreation |  | 108 |  |  | 93 |  |  | 201 |  |  | 146 |  |  | 124 |  |  | 270 |
|  | $ | 1,076 |  |  | $ | 577 |  |  | $ | 1,653 |  |  | $ | 1,184 |  |  | $ | 621 |  |  | $ | 1,805 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration