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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Information by Segment
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®, TMs of Ball Corporation, used under license.
The Company’s results by segment are as follows (in millions):
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
ConsolidatedHome and Commercial SolutionsLearning and DevelopmentOutdoor and RecreationConsolidatedHome and Commercial SolutionsLearning and DevelopmentOutdoor and Recreation
Net sales (1)
$1,806 $942 $681 $183 $1,947 $1,047 $717 $183 
Cost of products sold1,190 669 383 138 1,268 721 400 147 
Segment SG&A457 233 172 52 458 231 168 59 
Other segment costs (2)
3 — 263 189 74 — 
Segment operating income (loss)$156 $40 $124 $(8)$(42)$(94)$75 $(23)
Corporate expenses (3)
37 79 
Operating income (loss)$119 $(121)
Interest expense, net83 75 
Other income (expense), net(6)
Income (loss) before income taxes$42 $(205)
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
ConsolidatedHome and Commercial SolutionsLearning and DevelopmentOutdoor and RecreationConsolidatedHome and Commercial SolutionsLearning and DevelopmentOutdoor and Recreation
Net sales (1)
$5,307 $2,646 $2,062 $599 $5,633 $2,902 $2,089 $642 
Cost of products sold3,503 1,897 1,159 447 3,751 2,066 1,167 518 
Segment SG&A1,315 685 476 154 1,306 667 466 173 
Other segment costs (2)
8 284 199 82 
Segment operating income (loss)$481 $62 $424 $(5)$292 $(30)$374 $(52)
Corporate expenses (3)
170 234 
Operating income$311 $58 
Interest expense, net237 223 
Loss on extinguishment and modification of debt13 
Other expense, net15 
Income (loss) before income taxes$58 $(181)
(1)All intercompany transactions have been eliminated.
(2)Other segment costs primarily include segment restructuring costs, net and impairment of acquired intangible assets (see Footnotes 3 and 6, respectively, 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 September 30,Nine Months Ended
 September 30,
2025202420252024
Home and Commercial Solutions$35 $36 $106 $115 
Learning and Development18 19 51 52 
Outdoor and Recreation11 23 31 
Corporate16 15 51 47 
$77 $81 $231 $245 

Capital expenditures by segment are as follows (in millions):
Three Months Ended September 30,Nine Months Ended
 September 30,
2025202420252024
Home and Commercial Solutions$20 $21 $56 $57 
Learning and Development10 31 29 
Outdoor and Recreation15 
Corporate23 18 75 68 
$59 $51 $177 $163 
Assets by segment are as follows at (in millions):
September 30, 2025December 31, 2024
Home and Commercial Solutions$4,183 $4,110 
Learning and Development3,868 3,786 
Outdoor and Recreation525 541 
Corporate2,711 2,567 
$11,287 $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 September 30,Nine Months Ended
 September 30,
2025202420252024
Commercial$331 $355 $976 $1,028 
Kitchen475 527 1,290 1,461 
Home Fragrance136 165 380 413 
Home and Commercial Solutions 942 1,047 2,646 2,902 
Baby273 280 749 751 
Writing408 437 1,313 1,338 
Learning and Development681 717 2,062 2,089 
Outdoor and Recreation183 183 599 642 
$1,806 $1,947 $5,307 $5,633 
(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 September 30, 2025Three Months Ended September 30, 2024
North
America
InternationalTOTALNorth
America
International TOTAL
Home and Commercial Solutions$607 $335 $942 $691 $356 $1,047 
Learning and Development509 172 681 531 186 717 
Outdoor and Recreation93 90 183 97 86 183 
$1,209 $597 $1,806 $1,319 $628 $1,947 
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
North
America
International TOTALNorth
America
InternationalTOTAL
Home and Commercial Solutions $1,671 $975 $2,646 $1,892 $1,010 $2,902 
Learning and Development1,549 513 2,062 1,552 537 2,089 
Outdoor and Recreation292 307 599 340 302 642 
$3,512 $1,795 $5,307 $3,784 $1,849 $5,633 
(1)All intercompany transactions have been eliminated.
(2)Geographic sales information is based on the region from which the products are shipped and invoiced.