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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Financial 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®, TMs of Ball Corporation, used under license. The Company’s results by segment are as follows (in millions):
| Three Months Ended June 30, 2025 |  | Three Months Ended June 30, 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) | $ | 1,935 |  | $ | 892 |  | $ | 809 |  | $ | 234 |  |  | $ | 2,033 |  | $ | 962 |  | $ | 813 |  | $ | 258 |
Cost of products sold | 1,250 |  | 637 |  | 442 |  | 171 |  |  | 1,334 |  | 688 |  | 439 |  | 207 |
Segment SG&A | 449 |  | 230 |  | 165 |  | 54 |  |  | 449 |  | 223 |  | 166 |  | 60 |
Other segment costs (2) | 2 |  | 1 |  | — |  | 1 |  |  | 8 |  | 3 |  | 3 |  | 2 |
Segment operating income (loss) | $ | 234 |  | $ | 24 |  | $ | 202 |  | $ | 8 |  |  | $ | 242 |  | $ | 48 |  | $ | 205 |  | $ | (11) |
Corporate expenses (3) | 63 |  |  |  |  |  | 79 |  |  |  |
Operating income | $ | 171 |  |  |  |  |  | $ | 163 |  |  |  |
Interest expense, net | 82 |  |  |  |  |  | 78 |  |  |  |
Loss on extinguishment and modification of debt | 13 |  |  |  |  |  | — |  |  |  |
Other expense, net | 5 |  |  |  |  |  | 1 |  |  |  |
Income before income taxes | $ | 71 |  |  |  |  |  | $ | 84 |  |  |  |
| Six Months Ended June 30, 2025 |  | Six Months Ended June 30, 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) | $ | 3,501 |  | $ | 1,704 |  | $ | 1,381 |  | $ | 416 |  |  | $ | 3,686 |  | $ | 1,855 |  | $ | 1,372 |  | $ | 459 |
Cost of products sold | 2,313 |  | 1,228 |  | 776 |  | 309 |  |  | 2,483 |  | 1,345 |  | 767 |  | 371 |
Segment SG&A | 858 |  | 452 |  | 304 |  | 102 |  |  | 848 |  | 436 |  | 298 |  | 114 |
Other segment costs (2) | 5 |  | 2 |  | 1 |  | 2 |  |  | 21 |  | 10 |  | 8 |  | 3 |
Segment operating income (loss) | $ | 325 |  | $ | 22 |  | $ | 300 |  | $ | 3 |  |  | $ | 334 |  | $ | 64 |  | $ | 299 |  | $ | (29) |
Corporate expenses (3) | 133 |  |  |  |  |  | 155 |  |  |  |
Operating income | $ | 192 |  |  |  |  |  | $ | 179 |  |  |  |
Interest expense, net | 154 |  |  |  |  |  | 148 |  |  |  |
Loss on extinguishment and modification of debt | 13 |  |  |  |  |  | 1 |  |  |  |
Other expense, net | 9 |  |  |  |  |  | 6 |  |  |  |
Income before income taxes | $ | 16 |  |  |  |  |  | $ | 24 |  |  |  |
(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, corporate restructuring and restructuring-related costs (see Footnote 3 for further information) and impairment of other assets. In addition, corporate expense includes all share-based compensation and all adjustments, favorable or unfavorable, between the actual bonus achieved versus the bonus at target for center-led corporate functions, as well as all 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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Home and Commercial Solutions | $ | 38 |  |  | $ | 37 |  |  | $ | 71 |  |  | $ | 79 |
Learning and Development | 17 |  |  | 17 |  |  | 33 |  |  | 33 |
Outdoor and Recreation | 8 |  |  | 9 |  |  | 15 |  |  | 20 |
Corporate | 16 |  |  | 16 |  |  | 35 |  |  | 32 |
| $ | 79 |  |  | $ | 79 |  |  | $ | 154 |  |  | $ | 164 |
Capital expenditures by segment are as follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Home and Commercial Solutions | $ | 22 |  |  | $ | 18 |  |  | $ | 36 |  |  | $ | 36 |
Learning and Development | 11 |  |  | 10 |  |  | 21 |  |  | 20 |
Outdoor and Recreation | 6 |  |  | 3 |  |  | 9 |  |  | 6 |
Corporate | 20 |  |  | 22 |  |  | 52 |  |  | 50 |
| $ | 59 |  |  | $ | 53 |  |  | $ | 118 |  |  | $ | 112 |
Assets by segment are as follows at (in millions):
| June 30, 2025 |  | December 31, 2024
Home and Commercial Solutions | $ | 4,285 |  |  | $ | 4,110 |
Learning and Development | 3,951 |  |  | 3,786 |
Outdoor and Recreation | 590 |  |  | 541 |
Corporate | 2,681 |  |  | 2,567 |
| $ | 11,507 |  |  | $ | 11,004 |
Schedule of Disaggregation of Revenue | The following table disaggregates net sales(1) by major product grouping for the periods indicated (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Commercial | $ | 332 |  |  | $ | 349 |  |  | $ | 645 |  |  | $ | 673 |
Kitchen | 439 |  |  | 496 |  |  | 815 |  |  | 934 |
Home Fragrance | 121 |  |  | 117 |  |  | 244 |  |  | 248 |
Home and Commercial Solutions | 892 |  |  | 962 |  |  | 1,704 |  |  | 1,855 |
Baby | 238 |  |  | 251 |  |  | 476 |  |  | 471 |
Writing | 571 |  |  | 562 |  |  | 905 |  |  | 901 |
Learning and Development | 809 |  |  | 813 |  |  | 1,381 |  |  | 1,372 |
Outdoor and Recreation | 234 |  |  | 258 |  |  | 416 |  |  | 459 |
| $ | 1,935 |  |  | $ | 2,033 |  |  | $ | 3,501 |  |  | $ | 3,686 |
(1)All intercompany transactions have been eliminated. The following table disaggregates net sales(1) by geography(2) for the periods indicated (in millions):
|  | Three Months Ended June 30,
|  | 2025 |  | 2024
|  | North America |  | International |  | TOTAL |  | North America |  | International |  | TOTAL
Home and Commercial Solutions |  | $ | 554 |  |  | $ | 338 |  |  | $ | 892 |  |  | $ | 625 |  |  | $ | 337 |  |  | $ | 962 |
Learning and Development |  | 622 |  |  | 187 |  |  | 809 |  |  | 629 |  |  | 184 |  |  | 813 |
Outdoor and Recreation |  | 107 |  |  | 127 |  |  | 234 |  |  | 135 |  |  | 123 |  |  | 258 |
|  | $ | 1,283 |  |  | $ | 652 |  |  | $ | 1,935 |  |  | $ | 1,389 |  |  | $ | 644 |  |  | $ | 2,033 |
|  | Six Months Ended June 30,
|  | 2025 |  | 2024
|  | North America |  | International |  | TOTAL |  | North America |  | International |  | TOTAL
Home and Commercial Solutions |  | $ | 1,064 |  |  | $ | 640 |  |  | $ | 1,704 |  |  | $ | 1,201 |  |  | $ | 654 |  |  | $ | 1,855 |
Learning and Development |  | 1,040 |  |  | 341 |  |  | 1,381 |  |  | 1,021 |  |  | 351 |  |  | 1,372 |
Outdoor and Recreation |  | 199 |  |  | 217 |  |  | 416 |  |  | 243 |  |  | 216 |  |  | 459 |
|  | $ | 2,303 |  |  | $ | 1,198 |  |  | $ | 3,501 |  |  | $ | 2,465 |  |  | $ | 1,221 |  |  | $ | 3,686 |
(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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