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Segment Information
 3 Months Ended
Mar. 31, 2025
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.

The President and Chief Executive Officer of the Company, who is the Chief Operating Decision Maker (the “CODM”) reviews the businesses as three operating segments: Home and Commercial Solutions, Learning and Development and Outdoor and Recreation. 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 CODM evaluates the segments’ operating performance based on segment operating income, defined as net sales minus cost of products sold, segment SG&A (including share-based compensation at target for operating segment employees) and other segment costs. Segment SG&A includes an allocation of center-led corporate functions including the bonus for such corporate functions based on achieving 100% of the respective target. However, the allocation of center-led corporate functions does not include share-based compensation related to such functions. Any variability in expense from such targets, favorable or unfavorable, is retained at corporate, which would be reflected as a corporate expense. The CODM considers budget-to-current forecast and prior actuals-to-current forecast variances for segment operating income on a periodic basis for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment.

The Company’s results by segment are as follows (in millions):
Three months ended March 31, 2025Three months ended March 31, 2024
ConsolidatedHome and Commercial SolutionsLearning and DevelopmentOutdoor and RecreationConsolidatedHome and Commercial SolutionsLearning and DevelopmentOutdoor and Recreation
Net sales (1)
$1,566 $812 $572 $182 $1,653 $893 $559 $201 
Cost of products sold1,063 591 334 138 1,149 657 328 164 
Segment SG&A409 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 $16 
Interest expense, net72 70 
Loss on extinguishment and modification of debt— 1 
Other expense, net4 5 
Loss before income taxes$(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,
20252024
Home and Commercial Solutions$33 $42 
Learning and Development16 16 
Outdoor and Recreation7 11 
Corporate19 16 
$75 $85 

Assets by segment are as follows at (in millions):
March 31, 2025December 31, 2024
Home and Commercial Solutions$4,141 $4,110 
Learning and Development3,865 3,786 
Outdoor and Recreation588 541 
Corporate2,685 2,567 
$11,279 $11,004 

Capital expenditures by segment are as follows (in millions):
Three Months Ended March 31,
20252024
Home and Commercial Solutions$14 $18 
Learning and Development10 10 
Outdoor and Recreation3 3 
Corporate32 28 
$59 $59 

The following table disaggregates net sales (1) by major product grouping for the periods indicated (in millions):
Three Months Ended March 31,
20252024
Commercial$313 $324 
Kitchen376 438 
Home Fragrance123 131 
Home and Commercial Solutions 812 893 
Baby238 220 
Writing334 339 
Learning and Development572 559 
Outdoor and Recreation182 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,
20252024
North
America (2)
International (2)
TOTAL
North
America (2)
International (2)
TOTAL
Home and Commercial Solutions $510 $302 $812 $576 $317 $893 
Learning and Development418 154 572 392 167 559 
Outdoor and Recreation92 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.