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Segment Information
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s three reportable segments are:

SegmentKey BrandsDescription 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  DevelopmentDymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker and SharpieBaby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based products and labeling solutions
Outdoor and RecreationCampingaz, Coleman, Contigo and MarmotActive lifestyle products for outdoor and outdoor-related activities; technical apparel and on-the-go beverageware
(1) Ball Logo.gif 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
June 30,
Six Months Ended
 June 30,
2024202320242023
 Net sales (1)
Home and Commercial Solutions$962 $1,058 $1,855 $2,029 
Learning and Development813 813 1,372 1,377 
Outdoor and Recreation258 333 459 603 
$2,033 $2,204 $3,686 $4,009 
 Operating income (loss) (2)
Home and Commercial Solutions$48 $(21)$64 $(58)
Learning and Development205 188 299 260 
Outdoor and Recreation(11)(29)
Corporate(79)(52)(155)(122)
$163 $120 $179 $84 
June 30, 2024December 31, 2023
Segment assets
Home and Commercial Solutions$4,622 $4,713 
Learning and Development4,086 4,111 
Outdoor and Recreation649 687 
Corporate2,691 2,652 
$12,048 $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
June 30,
Six Months Ended
 June 30,
2024202320242023
Commercial$349 $378 $673 $726 
Kitchen496 549 934 1,008 
Home Fragrance117 131 248 295 
Home and Commercial Solutions 962 1,058 1,855 2,029 
Baby251 251 471 468 
Writing562 562 901 909 
Learning and Development813 813 1,372 1,377 
Outdoor and Recreation258 333 459 603 
$2,033 $2,204 $3,686 $4,009 
The following table disaggregates revenue by geography for the periods indicated (in millions):
Three Months Ended June 30,
20242023
North
America
InternationalTOTALNorth
America
InternationalTOTAL
Home and Commercial Solutions$625 $337 $962 $698 $360 $1,058 
Learning and Development629 184 813 609 204 813 
Outdoor and Recreation135 123 258 188 145 333 
$1,389 $644 $2,033 $1,495 $709 $2,204 
Six Months Ended June 30,
20242023
North
America
InternationalTOTALNorth
America
InternationalTOTAL
Home and Commercial Solutions $1,201 $654 $1,855 $1,341 $688 $2,029 
Learning and Development1,021 351 1,372 1,004 373 1,377 
Outdoor and Recreation243 216 459 334 269 603 
$2,465 $1,221 $3,686 $2,679 $1,330 $4,009