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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of 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. The Company’s results by segment are as follows (in millions):
| Three months ended March 31, 2025 |  | Three months ended March 31, 2024
| Consolidated | Home and Commercial Solutions | Learning and Development | Outdoor and Recreation |  | Consolidated | Home and Commercial Solutions | Learning and Development | Outdoor and Recreation
Net sales (1) | $ | 1,566 |  | $ | 812 |  | $ | 572 |  | $ | 182 |  |  | $ | 1,653 |  | $ | 893 |  | $ | 559 |  | $ | 201 |
Cost of products sold | 1,063 |  | 591 |  | 334 |  | 138 |  |  | 1,149 |  | 657 |  | 328 |  | 164 |
Segment SG&A | 409 |  | 222 |  | 139 |  | 48 |  |  | 399 |  | 213 |  | 132 |  | 54 |
Other segment costs (2) | 3 |  | 1 |  | 1 |  | 1 |  |  | 13 |  | 7 |  | 5 |  | 1 |
Segment operating income (loss) | $ | 91 |  | $ | (2) |  | $ | 98 |  | $ | (5) |  |  | $ | 92 |  | $ | 16 |  | $ | 94 |  | $ | (18) |
Corporate expenses (3) | 70 |  |  |  |  |  | 76 |  |  |  |
Operating income | $ | 21 |  |  |  |  |  | $ | 16 |  |  |  |
Interest expense, net | 72 |  |  |  |  |  | 70 |  |  |  |
Loss on extinguishment and modification of debt | — |  |  |  |  |  | 1 |  |  |  |
Other expense, net | 4 |  |  |  |  |  | 5 |  |  |  |
Loss before income taxes | $ | (55) |  |  |  |  |  | $ | (60) |  |  |  |
(1)All intercompany transactions have been eliminated. (2)Other segment costs primarily include segment restructuring costs, net (see Footnotes 3 for further information). (3)Corporate expenses primarily include costs of operating as a public company including retained costs of center-led corporate functions, and corporate restructuring and restructuring-related costs (see Footnote 3 for further information). In addition, corporate expense includes adjustments, favorable or unfavorable, between the actual bonus achieved versus the bonus at target for center-led corporate functions, as well as adjustments, favorable or unfavorable, between the actual share-based compensation achieved versus the share-based compensation at target for operating segment employees. Depreciation and amortization by segment are as follows (in millions):
|  |  |  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Home and Commercial Solutions |  |  |  |  | $ | 33 |  |  | $ | 42 |
Learning and Development |  |  |  |  | 16 |  |  | 16 |
Outdoor and Recreation |  |  |  |  | 7 |  |  | 11 |
Corporate |  |  |  |  | 19 |  |  | 16 |
|  |  |  |  | $ | 75 |  |  | $ | 85 |
Assets by segment are as follows at (in millions):
| March 31, 2025 |  | December 31, 2024
Home and Commercial Solutions | $ | 4,141 |  |  | $ | 4,110 |
Learning and Development | 3,865 |  |  | 3,786 |
Outdoor and Recreation | 588 |  |  | 541 |
Corporate | 2,685 |  |  | 2,567 |
| $ | 11,279 |  |  | $ | 11,004 |
Capital expenditures by segment are as follows (in millions):
|  |  |  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Home and Commercial Solutions |  |  |  |  | $ | 14 |  |  | $ | 18 |
Learning and Development |  |  |  |  | 10 |  |  | 10 |
Outdoor and Recreation |  |  |  |  | 3 |  |  | 3 |
Corporate |  |  |  |  | 32 |  |  | 28 |
|  |  |  |  | $ | 59 |  |  | $ | 59 |
Schedule of Disaggregation of Revenue by Major Product Grouping Source and Geography | The following table disaggregates net sales (1) by major product grouping for the periods indicated (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Commercial |  |  |  |  |  | $ | 313 |  |  | $ | 324 |
Kitchen |  |  |  |  |  | 376 |  |  | 438 |
Home Fragrance |  |  |  |  |  | 123 |  |  | 131 |
Home and Commercial Solutions |  |  |  |  |  | 812 |  |  | 893 |
Baby |  |  |  |  |  | 238 |  |  | 220 |
Writing |  |  |  |  |  | 334 |  |  | 339 |
Learning and Development |  |  |  |  |  | 572 |  |  | 559 |
Outdoor and Recreation |  |  |  |  |  | 182 |  |  | 201 |
|  |  |  |  |  | $ | 1,566 |  |  | $ | 1,653 |
(1)All intercompany transactions have been eliminated. The following table disaggregates net sales (1) by geography for the periods indicated (in millions):
|  | Three Months Ended March 31,
|  | 2025 |  | 2024
|  | North America (2) |  | International (2) |  | TOTAL |  | North America (2) |  | International (2) |  | TOTAL
Home and Commercial Solutions |  | $ | 510 |  |  | $ | 302 |  |  | $ | 812 |  |  | $ | 576 |  |  | $ | 317 |  |  | $ | 893 |
Learning and Development |  | 418 |  |  | 154 |  |  | 572 |  |  | 392 |  |  | 167 |  |  | 559 |
Outdoor and Recreation |  | 92 |  |  | 90 |  |  | 182 |  |  | 108 |  |  | 93 |  |  | 201 |
|  | $ | 1,020 |  |  | $ | 546 |  |  | $ | 1,566 |  |  | $ | 1,076 |  |  | $ | 577 |  |  | $ | 1,653 |
(1)All intercompany transactions have been eliminated. (2)Geographic sales information is based on the region from which the products are shipped and invoiced.

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- Definition 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 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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