XML 47 R33.htm IDEA: XBRL DOCUMENT v3.25.1

Segment Information (Tables)

3 Months Ended

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.

X

- Definition

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.

+ References

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

+ Details

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

X

- 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

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

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration