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Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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.

Selected information by segment is presented in the following tables (in millions):

						Three Months Ended September 30,												Nine Months Ended  September 30,
						2024						2023						2024						2023
Net sales (1)
Home and Commercial Solutions						$	1,047					$	1,123					$	2,902					$	3,152
Learning and Development						717						694						2,089						2,071
Outdoor and Recreation						183						231						642						834
						$	1,947					$	2,048					$	5,633					$	6,057
Operating income (loss) (2)
Home and Commercial Solutions						$	(94)					$	64					$	(30)					$	6
Learning and Development						75						(127)						374						133
Outdoor and Recreation						(23)						(42)						(52)						(38)
Corporate						(79)						(54)						(234)						(176)
						$	(121)					$	(159)					$	58					$	(75)
																		September 30, 2024						December 31, 2023
Segment assets
Home and Commercial Solutions																		$	4,460					$	4,713
Learning and Development																		3,921						4,111
Outdoor and Recreation																		580						687
Corporate																		2,812						2,652
																		$	11,773					$	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).

Schedule of Disaggregation of Revenue by Major Product Grouping Source and Geography

The following table disaggregates revenue by major product grouping source for the periods indicated (in millions):

						Three Months Ended September 30,												Nine Months Ended  September 30,
						2024						2023						2024						2023
Commercial						$	355					$	368					$	1,028					$	1,094
Kitchen						527						578						1,461						1,586
Home Fragrance						165						177						413						472
Home and Commercial Solutions						1,047						1,123						2,902						3,152
Baby						280						246						751						714
Writing						437						448						1,338						1,357
Learning and Development						717						694						2,089						2,071
Outdoor and Recreation						183						231						642						834
						$	1,947					$	2,048					$	5,633					$	6,057

The following table disaggregates revenue by geography for the periods indicated (in millions):

						Three Months Ended September 30,
						2024																		2023
						North America						International						TOTAL						North America						International						TOTAL
Home and Commercial Solutions						$	691					$	356					$	1,047					$	764					$	359					$	1,123
Learning and Development						531						186						717						501						193						694
Outdoor and Recreation						97						86						183						131						100						231
						$	1,319					$	628					$	1,947					$	1,396					$	652					$	2,048
						Nine Months Ended September 30,
						2024																		2023
						North America						International						TOTAL						North America						International						TOTAL
Home and Commercial Solutions						$	1,892					$	1,010					$	2,902					$	2,105					$	1,047					$	3,152
Learning and Development						1,552						537						2,089						1,505						566						2,071
Outdoor and Recreation						340						302						642						465						369						834
						$	3,784					$	1,849					$	5,633					$	4,075					$	1,982					$	6,057

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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