10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

Quarterly Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

for the Quarterly Period Ended September 30, 2012

Commission File Number 1-9608

NEWELL RUBBERMAID INC.

(Exact name of registrant as specified in its charter)

DELAWARE	36-3514169
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Three Glenlake Parkway

Atlanta, Georgia 30328

(Address of principal executive offices)

(Zip Code)

(770) 418-7000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes R No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes R No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer R	Accelerated filer o	Non-accelerated filer o	Smaller reporting company o
	(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No R

Number of shares of common stock outstanding (net of treasury shares) as of September 30, 2012: 287.6 million.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION	3
Item 1. Financial Statements	3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	27
Item 3. Quantitative and Qualitative Disclosures about Market Risk	45
Item 4. Controls and Procedures	45
PART II. OTHER INFORMATION	46
Item 1. Legal Proceedings	46
Item 1A. Risk Factors	46
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	46
Item 6. Exhibits	47
SIGNATURES	48

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(Amounts in millions, except per share data)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net sales	$	1,535.3		$	1,549.9		$	4,383.9		$	4,369.4
Cost of products sold	953.0			970.6			2,709.8			2,720.8
GROSS MARGIN	582.3			579.3			1,674.1			1,648.6
Selling, general and administrative expenses	380.2			383.4			1,138.5			1,122.0
Impairment charges	—			382.6			—			382.6
Restructuring costs	13.7			5.5			37.5			12.3
OPERATING INCOME (LOSS)	188.4			(192.2		)	498.1			131.7
Nonoperating expenses:
Interest expense, net	18.0			21.8			58.7			65.0
Losses related to extinguishments of debt	6.8			—			6.8			4.8
Other (income) expense, net	(1.2		)	6.0			(0.8		)	11.0
Net nonoperating expenses	23.6			27.8			64.7			80.8
INCOME (LOSS) BEFORE INCOME TAXES	164.8			(220.0		)	433.4			50.9
Income tax expense (benefit)	58.2			(53.6		)	135.7			(2.0		)
INCOME (LOSS) FROM CONTINUING OPERATIONS	106.6			(166.4		)	297.7			52.9
Income (loss) from discontinued operations, net of tax	1.7			(11.2		)	1.7			(8.1		)
NET INCOME (LOSS)	$	108.3		$	(177.6	)	$	299.4		$	44.8
Weighted average shares outstanding:
Basic	290.7			290.8			291.7			294.2
Diluted	292.7			290.8			293.8			296.8
Earnings per share:
Basic:
Income (loss) from continuing operations	$	0.37		$	(0.57	)	$	1.02		$	0.18
Income (loss) from discontinued operations	0.01			(0.04		)	0.01			(0.03		)
Net income (loss)	$	0.37		$	(0.61	)	$	1.03		$	0.15
Diluted:
Income (loss) from continuing operations	$	0.36		$	(0.57	)	$	1.01		$	0.18
Income (loss) from discontinued operations	0.01			(0.04		)	0.01			(0.03		)
Net income (loss)	$	0.37		$	(0.61	)	$	1.02		$	0.15
Dividends per share	$	0.10		$	0.08		$	0.28		$	0.21

See Notes to Condensed Consolidated Financial Statements (Unaudited).

3

NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)

(Amounts in millions)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
NET INCOME (LOSS)	$	108.3		$	(177.6	)	$	299.4		$	44.8
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	30.7			(79.5		)	26.2			(24.7		)
Change in unrecognized pension and other postretirement costs	0.7			4.2			7.6			15.3
Derivative hedging (loss) gain	(1.2		)	3.1			(2.9		)	1.2
Total other comprehensive income (loss), net of tax	30.2			(72.2		)	30.9			(8.2		)
COMPREHENSIVE INCOME (LOSS)	$	138.5		$	(249.8	)	$	330.3		$	36.6

See Notes to Condensed Consolidated Financial Statements (Unaudited).

4

NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(Amounts in millions, except par values)

	September 30, 2012			December 31, 2011
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	250.1		$	170.2
Accounts receivable, net	1,074.3			1,002.0
Inventories, net	822.8			699.9
Deferred income taxes	115.8			130.7
Prepaid expenses and other	161.3			145.2
TOTAL CURRENT ASSETS	2,424.3			2,148.0
PROPERTY, PLANT AND EQUIPMENT, NET	549.6			551.4
GOODWILL	2,355.7			2,366.0
OTHER INTANGIBLE ASSETS, NET	661.4			666.1
OTHER ASSETS	372.3			429.4
TOTAL ASSETS	$	6,363.3		$	6,160.9
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	530.0		$	468.5
Accrued compensation	144.8			131.4
Other accrued liabilities	673.4			693.5
Short-term debt	291.0			103.6
Current portion of long-term debt	507.0			263.9
TOTAL CURRENT LIABILITIES	2,146.2			1,660.9
LONG-TERM DEBT	1,366.1			1,809.3
OTHER NONCURRENT LIABILITIES	784.2			838.1
STOCKHOLDERS’ EQUITY:
Preferred stock, authorized shares, 10.0 at $1.00 par value	—			—
None issued and outstanding
Common stock, authorized shares, 800.0 at $1.00 par value	305.3			305.3
Outstanding shares, before treasury:
2012 – 305.3
2011 – 305.3
Treasury stock, at cost:	(447.5		)	(432.8		)
Shares held:
2012 – 17.7
2011 – 17.0
Additional paid-in capital	623.0			586.3
Retained earnings	2,258.6			2,097.3
Accumulated other comprehensive loss	(676.1		)	(707.0		)
STOCKHOLDERS’ EQUITY ATTRIBUTABLE TO PARENT	2,063.3			1,849.1
STOCKHOLDERS’ EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	3.5			3.5
TOTAL STOCKHOLDERS’ EQUITY	2,066.8			1,852.6
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	6,363.3		$	6,160.9

See Notes to Condensed Consolidated Financial Statements (Unaudited).

5

NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(Amounts in millions)

	Nine Months Ended
	September 30,
	2012			2011
OPERATING ACTIVITIES:
Net income	$	299.4		$	44.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	122.1			121.1
Impairment charges	—			382.6
(Gain) loss on disposal of discontinued operations	(5.2		)	13.9
Losses related to extinguishments of debt	6.8			4.8
Deferred income taxes	72.7			12.1
Non-cash restructuring costs (benefits)	1.3			(1.5		)
Stock-based compensation expense	26.3			28.4
Other, net	8.9			13.2
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	(61.5		)	5.1
Inventories	(119.9		)	(188.1		)
Accounts payable	59.4			55.4
Accrued liabilities and other	(53.1		)	(212.0		)
NET CASH PROVIDED BY OPERATING ACTIVITIES	357.2			279.8
INVESTING ACTIVITIES:
Acquisitions and acquisition-related activity	(26.5		)	(20.0		)
Capital expenditures	(130.2		)	(151.2		)
Proceeds from sales of businesses and other noncurrent assets	20.9			39.0
Other	(3.2		)	(7.2		)
NET CASH USED IN INVESTING ACTIVITIES	(139.0		)	(139.4		)
FINANCING ACTIVITIES:
Short-term borrowings, net	186.4			98.9
Payments on and for the settlement of notes payable and debt	(696.3		)	(150.8		)
Proceeds from issuance of debt, net of debt issuance costs	495.1			3.3
Repurchase and retirement of shares of common stock	(67.2		)	(24.4		)
Cash consideration paid for exchange of convertible notes (1)	—			(3.1		)
Cash dividends	(82.4		)	(61.6		)
Excess tax benefits related to stock-based compensation	11.6			—
Other, net	11.1			(4.5		)
NET CASH USED IN FINANCING ACTIVITIES	(141.7		)	(142.2		)
Currency rate effect on cash and cash equivalents	3.4			1.1
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	79.9			(0.7		)
Cash and cash equivalents at beginning of period	170.2			139.6
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	250.1		$	138.9

(1) Consideration provided in connection with the convertible notes exchanged in March 2011 consisted of cash as well as issuance of shares of the Company’s common stock, which issuance is not included in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2011. See Footnote 6 of the Notes to Condensed Consolidated Financial Statements for further information.

See Notes to Condensed Consolidated Financial Statements (Unaudited).

6

NEWELL RUBBERMAID INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Footnote 1 — Basis of Presentation and Significant Accounting Policies

The accompanying unaudited condensed consolidated financial statements of Newell Rubbermaid Inc. (collectively with its subsidiaries, the “Company”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and do not include all the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and the results of operations. It is recommended that these unaudited condensed consolidated financial statements be read in conjunction with the financial statements, and the footnotes thereto, included in the Company’s latest Annual Report on Form 10-K.

Seasonal Variations

Sales of the Company’s products tend to be seasonal, with sales and operating income in the first quarter generally lower than any other quarter during the year, driven principally by reduced volume and the mix of products sold in the first quarter. Historically, the Company has earned more than 60% of its annual operating income during the second and third quarters of the year. The seasonality of the Company’s sales volume combined with the accounting for fixed costs, such as depreciation, amortization, rent, personnel costs and interest expense, impacts the Company’s results on a quarterly basis. In addition, the Company has historically generated more than 65% of its operating cash flow in the second half of the year due to seasonal variations in operating results, the timing of annual performance-based compensation payments, and credit terms provided to customers. Accordingly, the Company’s results for the three and nine months ended September 30, 2012 may not necessarily be indicative of the results that may be expected for the full year ending December 31, 2012.

Recent Accounting Pronouncements

Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs.

In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income," which requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income, or in two separate but consecutive statements. Additionally, ASU 2011-05 eliminates the option to present comprehensive income and its components as part of the statement of stockholders’ equity. Effective January 1, 2012, the Company adopted ASU 2011-05 as amended by ASU 2011-12, "Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05." ASU 2011-12 defers the effective date of provisions in ASU 2011-05 that require presentation of reclassifications out of comprehensive income by income statement line item on the statement of comprehensive income, with all other requirements of ASU 2011-05 unaffected. The Company adopted ASU 2011-05 and ASU 2011-12 beginning January 1, 2012 and has elected to present items of net income and other comprehensive income in two consecutive statements.

In September 2011, the FASB issued ASU 2011-08, "Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment," which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, a more detailed two-step goodwill impairment test will need to be performed which is used to identify potential goodwill impairments and to measure the amount of goodwill impairment losses to be recognized, if any. ASU 2011-08 is effective for annual and interim goodwill impairment tests performed by the Company after January 1, 2012. The Company adopted the guidance in ASU 2011-08 for its annual goodwill impairment test performed during the three months ended September 30, 2012, and the adoption of the guidance did not have a material impact on the Company's goodwill impairment test.

In July 2012, the FASB issued ASU 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment," which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If this is the case, a more detailed fair value calculation will need to be performed which is used to identify potential impairments and to measure the amount of impairment losses to be recognized, if any. To perform a qualitative assessment, an entity must identify and evaluate changes in economic, industry and entity-specific events and circumstances that could affect the significant inputs used to determine the fair value of an indefinite-lived intangible asset. ASU 2012-02 is effective for annual and interim impairment tests performed by the Company for fiscal years beginning after September 15, 2012, with early adoption permitted. The Company early adopted the provisions of ASU 2012-02 effective July 1,

7

2012, which coincides with its annual impairment tests for the year ending December 31, 2012. The adoption of ASU 2012-02 did not have a material impact on the Company's indefinite-lived intangibles impairment test results.

Other recently issued ASUs were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s consolidated financial position and results of operations.

Venezuelan Operations

The Company considers Venezuela a highly inflationary economy. Accounting standards require the functional currency of foreign operations operating in highly inflationary economies to be the same as the reporting currency of the Company. Accordingly, the functional currency of the Company’s Venezuelan operations is the U.S. Dollar. The Company’s Venezuelan operations had approximately $60.3 million of net monetary assets denominated in Bolivar Fuertes as of September 30, 2012 which are subject to changes in value based on changes in the Transaction System for Foreign Currency Denominated Securities (“SITME”) rate. In future periods, foreign exchange gains (losses) arising due to the appreciation (depreciation) of Bolivar Fuertes versus the U.S. Dollar will result in one-time benefits (charges) in each reporting period during which such exchange rate changes become effective. Foreign currency exchange through the SITME is allowed within a specified band of 4.5 to 5.3 Bolivar Fuerte to U.S. Dollar, but most of the exchanges have been executed at the rate of 5.3 Bolivar Fuerte to U.S. Dollar. During the three and nine months ended September 30, 2012, the Company’s Venezuelan operations generated 1% or less of consolidated net sales.

Income Taxes

At the end of each interim period, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year. This estimate reflects, among other items, the Company's best estimate of operating results and foreign currency exchange rates. The Company's quarterly income tax rate may differ from its estimated annual effective tax rate because accounting standards require the Company to exclude the actual results of certain entities expected to generate a pretax loss when applying the estimated annual effective tax rate to the Company's consolidated pretax results in interim periods. In estimating the annual effective tax rate, the Company does not include the estimated impact of unusual and/or infrequent items, which may cause significant variations in the customary relationship between income tax expense (benefit) and pretax income (loss).

Reclassifications

Certain 2011 amounts have been reclassified to conform to the 2012 presentation.

Footnote 2 — Discontinued Operations

On July 1, 2011, the Company sold its hand torch and solder business to an affiliate of Worthington Industries, Inc. for cash consideration of $51.0 million, $8.0 million of which were held in escrow for a period of one year following the transaction date. As of September 30, 2012, all conditions related to the escrow were satisfied and resolved, and the Company had received $7.8 million from the escrow and recognized the proceeds as a gain from the sale of the hand torch and solder business in discontinued operations.

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the hand torch and solder business (in millions):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
Net sales	$	—	$	2.8		$	—	$	58.8
Income from discontinued operations, net of income tax expense of $2.0 and $3.4 for the three and nine months ended September 30, 2011, respectively	$	—	$	4.0		$	—	$	7.1
Gain (loss) on disposal, including income tax expense of $3.4 for the three and nine months ended September 30, 2012, and income tax expense of $1.3 for the three and nine months ended September 30, 2011	1.7		(15.2		)	1.7		(15.2		)
Income (loss) from discontinued operations, net of tax	$	1.7	$	(11.2	)	$	1.7	$	(8.1	)

8

Footnote 3 — Stockholders’ Equity and Accumulated Other Comprehensive Loss

In August 2011, the Company announced a $300.0 millionthree-year share repurchase program (the "SRP"). Under the SRP, the Company may repurchase its own shares of common stock through a combination of a 10b5-1 automatic trading plan, discretionary market purchases or in privately negotiated transactions. The SRP is authorized to run for a period of three years ending in August 2014. During the nine months ended September 30, 2012, the Company repurchased 3.8 million shares pursuant to the SRP for $67.2 million, and such shares were immediately retired. Through September 30, 2012, the Company has repurchased and retired 7.2 million shares at an aggregate cost of $113.3 million, since the commencement of the SRP in August 2011.

The following table displays the components of accumulated other comprehensive loss as of September 30, 2012 (in millions):

	Foreign Currency Translation (Loss) Income			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging Income (Loss), Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2011	$	(207.1	)	$	(501.3	)	$	1.4		$	(707.0	)
Current period change	26.2			7.6			(2.9		)	30.9
Balance at September 30, 2012	$	(180.9	)	$	(493.7	)	$	(1.5	)	$	(676.1	)

The following table depicts the components of other comprehensive income (loss) presented on a pretax basis and the associated income tax impact (in millions):

	Foreign Currency Translation (Loss) Income			Change in Unrecognized Pension & Other Postretirement Costs			Derivative Hedging Income (Loss)			Other     Comprehensive  Income (Loss)
Three months ended September 30, 2012
Pretax	$	30.7		$	2.7		$	(1.5	)	$	31.9
Tax (expense) benefit	—			(2.0		)	0.3			(1.7		)
After-tax	$	30.7		$	0.7		$	(1.2	)	$	30.2
Three months ended September 30, 2011
Pretax	$	(79.5	)	$	5.7		$	4.2		$	(69.6	)
Tax (expense) benefit	—			(1.5		)	(1.1		)	(2.6		)
After-tax	$	(79.5	)	$	4.2		$	3.1		$	(72.2	)
Nine months ended September 30, 2012
Pretax	$	26.2		$	13.8		$	(4.1	)	$	35.9
Tax (expense) benefit	—			(6.2		)	1.2			(5.0		)
After-tax	$	26.2		$	7.6		$	(2.9	)	$	30.9
Nine months ended September 30, 2011
Pretax	$	(24.7	)	$	20.0		$	2.0		$	(2.7	)
Tax (expense) benefit	—			(4.7		)	(0.8		)	(5.5		)
After-tax	$	(24.7	)	$	15.3		$	1.2		$	(8.2	)

Footnote 4 — Restructuring Costs

Project Renewal

In October 2011, the Company announced Project Renewal, a program designed to reduce the complexity of the organization and increase investment in growth platforms within the business. In connection with the program, the Company consolidated three operating groups into two and 13 global business units into nine. In addition, the consolidation of a limited number of manufacturing facilities and distribution centers will be implemented as part of the program, with the goal of increasing operational efficiency, reducing costs and improving gross margin. The Company expected to record pretax restructuring charges of $90 to $100 million for Project Renewal, of which $75 to $90 million were expected to be cash costs.

9

The following table depicts the restructuring charges incurred in connection with Project Renewal (in millions):

	Three Months Ended		Nine Months Ended
	September 30, 2012		September 30, 2012
Employee severance, termination benefits and relocation costs	$	5.1	$	17.8
Exited contractual commitments and other	2.0		7.5
	$	7.1	$	25.3

Project Renewal restructuring charges since inception through September 30, 2012 were $56.5 million.

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2012 (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	11.2	$	17.8	$	(15.8	)	$	13.2
Exited contractual commitments and other	4.5		7.5		(7.4		)	4.6
	$	15.7	$	25.3	$	(23.2	)	$	17.8

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2012 aggregated by reportable business segment (in millions):

	December 31, 2011							September 30, 2012
Segment	Balance		Provision		Costs Incurred			Balance
Newell Consumer	$	8.7	$	12.2	$	(11.3	)	$	9.6
Newell Professional	2.4		9.1		(6.4		)	5.1
Baby & Parenting	1.8		0.7		(1.8		)	0.7
Corporate	2.8		3.3		(3.7		)	2.4
	$	15.7	$	25.3	$	(23.2	)	$	17.8

In October 2012, the Company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the Company's Consumer and Professional groups will be eliminated and the Company's nine global business units will be streamlined into six business segments. In connection with the expansion, the Company expects to incur incremental cash costs of $225 to $250 million, approximately 80% of which are employee-related cash costs, including severance, retirement, and other termination benefits and costs. The Company also expects to record incremental pretax restructuring charges in the range of $250 to $275 million over the same period. Cumulative costs of the expanded Project Renewal are now expected to be $340 to $375 million pretax, with cash costs of $300 to $340 million. Due to the expansion, Project Renewal is now expected to be complete by mid-2015.

European Transformation Plan

In June 2010, the Company announced a program to simplify and centralize its European business (the “European Transformation Plan”). The European Transformation Plan includes initiatives designed to transform the European organizational structure and processes to centralize certain operating activities, improve performance, leverage the benefits of scale and to facilitate a more efficient and cost effective implementation of an enterprise resource planning program in Europe, all with the aim of increasing operating margin in the European region to approximately 10%.

The European Transformation Plan is expected to result in cumulative restructuring charges totaling between $35 and $40 million, substantially all of which are employee-related cash costs, including severance, retirement, and other termination benefits and relocation costs. The Company expects the European Transformation Plan to be substantially complete by December 31, 2012.

10

Restructuring charges incurred in connection with the European Transformation Plan are reported in the Company's Corporate segment and were as follows for the periods indicated (in millions):

	Three Months Ended				Nine Months Ended				Since inception through September 30, 2012
	September 30,				September 30,
	2012		2011		2012		2011
Restructuring charges	$	6.6	$	5.5	$	12.2	$	12.3	$	31.1

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for the European Transformation Plan for the nine months ended September 30, 2012 (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	6.0	$	9.7	$	(5.9	)	$	9.8
Exited contractual commitments and other	2.1		2.5		(1.7		)	2.9
	$	8.1	$	12.2	$	(7.6	)	$	12.7

Project Acceleration

In 2010, the Company completed a global initiative referred to as Project Acceleration aimed at strengthening and transforming the Company’s portfolio. Project Acceleration was designed to reduce manufacturing overhead, better align the Company’s distribution and transportation processes to achieve logistical excellence, reorganize the Company’s overall business structure to align with the Company’s core organizing concept, the global business unit, to achieve best total cost, and exit selected low-margin, commodity-like, mostly resin-intensive product categories.

A summary of activity in accrued restructuring reserves for the nine months ended September 30, 2012 is as follows (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	3.3	$	—	$	(1.5	)	$	1.8
Exited contractual commitments and other	5.9		—		(0.9		)	5.0
	$	9.2	$	—	$	(2.4	)	$	6.8

The following table depicts the activity in accrued restructuring reserves for the nine months ended September 30, 2012 aggregated by reportable business segment (in millions):

	December 31, 2011							September 30, 2012
Segment	Balance		Provision		Costs Incurred			Balance
Newell Consumer	$	2.7	$	—	$	(0.1	)	$	2.6
Newell Professional	3.7		—		(0.6		)	3.1
Corporate	2.8		—		(1.7		)	1.1
	$	9.2	$	—	$	(2.4	)	$	6.8

The table below shows restructuring costs recognized for all restructuring activities for the periods indicated, aggregated by reportable business segment (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Segment	2012		2011		2012		2011
Newell Consumer	$	1.3	$	—	$	12.2	$	—
Newell Professional	4.3		—		9.1		—
Baby & Parenting	0.5		—		0.7		—
Corporate	7.6		5.5		15.5		12.3
	$	13.7	$	5.5	$	37.5	$	12.3

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Cash paid for all restructuring activities was $9.5 million and $31.9 million for the three and nine month periods ended September 30, 2012, respectively, and $6.0 million and $26.5 million for the three and nine month periods ended September 30, 2011, respectively.

Footnote 5 — Inventories, Net

Inventories are stated at the lower of cost or market value. The components of net inventories were as follows (in millions):

	September 30, 2012		December 31, 2011
Materials and supplies	$	142.6	$	130.8
Work in process	128.3		105.6
Finished products	551.9		463.5
	$	822.8	$	699.9

Footnote 6 — Debt

The following is a summary of outstanding debt (in millions):

	September 30, 2012			December 31, 2011
Medium-term notes	$	1,869.2		$	1,632.3
Junior convertible subordinated debentures	—			436.7
Commercial paper	86.7			—
Receivables facility	200.0			100.0
Other debt	8.2			7.8
Total debt	2,164.1			2,176.8
Short-term debt	(291.0		)	(103.6		)
Current portion of long-term debt	(507.0		)	(263.9		)
Long-term debt	$	1,366.1		$	1,809.3

Interest Rate Swaps

As of September 30, 2012, the Company was party to a fixed-for-floating interest rate swap designated as a fair value hedge. The interest rate swap relates to $250.0 million of the principal amount of the medium-term notes and results in the Company effectively paying a floating rate of interest on the medium-term notes subject to the interest rate swap.

The medium-term note balances at September 30, 2012 and December 31, 2011 include mark-to-market adjustments of $41.3 million and $35.8 million, respectively, to record the fair value of the hedge of the fixed-rate debt, and the mark-to-market adjustment had the effect of increasing the reported value of the medium-term notes. In addition, the unamortized amount as of September 30, 2012 and December 31, 2011, associated with terminated interest rate swaps, $5.7 million and $15.8 million, respectively, is included in the value of the medium-term notes. Compared to the stated rates of the underlying medium-term notes, the interest rate swaps, including amortization of settled interest rate swaps, had the effect of reducing interest expense by $4.9 million and $7.6 million for the three months ended September 30, 2012 and 2011, respectively, and by $16.7 million and $24.1 million for the nine months ended September 30, 2012 and 2011, respectively.

Medium-term Notes

During the three months ended September 30, 2012, the Company repaid and retired $8.5 million principal amount of the extant 6.11% medium-term notes due 2028. During the nine months ended September 30, 2012, the Company repaid and retired $250.0 million principal amount of the 6.75% senior notes (the "2012 Notes") based on the maturity date, for which interest expense was previously recorded at a rate of approximately 3.5% after contemplating the effect of the interest rate swap related to the 2012 Notes. As of September 30, 2012, the current portion of long-term debt includes $500.0 million principal amount of the 5.5% senior notes due April 2013.

In June 2012, the Company completed the offering and sale of $500.0 million of unsecured senior notes, consisting of $250.0 million aggregate principal amount of 2.0% notes due 2015 (the "2015 Notes") and $250.0 million aggregate principal amount of 4.0% notes due 2022 (the "2022 Notes" and, together with the 2015 Notes, the "Notes"). The aggregate net proceeds from the Notes were $495.1 million and were used to fund the redemption of all of the $436.7 million of junior convertible subordinated

12

debentures which underlie the outstanding 5.25% convertible preferred securities with an aggregate liquidation preference of $421.2 million, to reduce short-term borrowings and for general corporate purposes. The Notes are senior obligations of the Company and rank equally with all of its other unsecured and unsubordinated indebtedness from time to time outstanding. The 2015 Notes may be redeemed by the Company at any time and the 2022 Notes may be redeemed at any time prior to the date that is three months prior to the maturity date of the 2022 Notes, in whole or in part, at a redemption price plus accrued and unpaid interest to the date of redemption. The redemption price is equal to the greater of (1) 100% of the principal amount of the Notes being redeemed on the redemption date and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of any payments of interest accrued through the date of the redemption), discounted to the date of redemption on a semiannual basis at a specified rate. If the 2022 Notes are redeemed on or after a date that is three months prior to the maturity date of the 2022 Notes, then the redemption price is equal to 100% of the principal amount of the 2022 Notes being redeemed plus accrued interest to such redemption date. The Notes also contain a provision that allows holders of the Notes to require the Company to repurchase all or any part of the Notes if a change of control triggering event occurs. Under this provision, the repurchase of the Notes will occur at a purchase price of 101% of the outstanding principal amount, plus accrued and unpaid interest, if any, on such Notes to the date of repurchase. The Notes are classified as long-term debt in the Company's Condensed Consolidated Balance Sheet at September 30, 2012 based on their maturity dates in 2015 and 2022.

Convertible Notes

In September 2010, the Company completed an exchange of newly issued shares of common stock and cash for $324.7 million of the $345.0 million outstanding principal amount of the convertible notes due 2014 (the "Convertible Notes") (the “Exchange Offer”). In the aggregate, the Company paid approximately $52.0 million in cash and issued approximately 37.7 million shares of the Company’s common stock for $324.7 million principal amount of the Convertible Notes validly offered for exchange by the holders pursuant to the Exchange Offer.

In March 2011, the Company completed exchanges of newly issued shares of common stock and cash for an additional $20.0 million outstanding principal amount of Convertible Notes. The Company paid approximately $3.1 million in cash and issued approximately 2.3 million shares of the Company’s common stock for the $20.0 million principal amount of Convertible Notes. The Company determined that the fair value of total consideration (including cash) paid to the holders of Convertible Notes, using the fair market value of common stock at settlement, was $47.4 million. In accordance with the applicable authoritative accounting guidance, the Company determined the fair value of the liability component of the Convertible Notes received, with the residual value representing the equity component. The excess of the fair value of the liability component, or $21.8 million, over the carrying value of the Convertible Notes exchanged, $17.3 million, was recognized as a loss related to the extinguishment of debt during the nine months ended September 30, 2011. Including the write-off of unamortized issuance costs, the Company recorded a pretax loss of $4.8 million, which is included in losses related to extinguishments of debt in the Condensed Consolidated Statement of Operations for the nine months ended September 30, 2011.

Junior Convertible Subordinated Debentures

In 1997, a 100% owned finance subsidiary (the “Subsidiary”) of the Company issued 10.0 million shares of 5.25% convertible preferred securities (the “Preferred Securities”). Each of these Preferred Securities was convertible into 0.9865 of a share of the Company’s common stock. During 2005 and 2004, the Company purchased an aggregate of 1.6 million shares of its Preferred Securities from holders at an average price of $45.27 per share ($71.3 million).

The proceeds received by the Subsidiary from the issuance of the Preferred Securities were invested in the Company’s 5.25% Junior Convertible Subordinated Debentures (the “Debentures”), with a scheduled maturity date of December 1, 2027. In addition, the Subsidiary received approximately $15.5 million of the Company’s Debentures as payment for $15.5 million the Company borrowed from the Subsidiary to purchase all of the common equity interests in the Subsidiary. As a result, the Company issued an aggregate of $515.5 million of Debentures, and the Subsidiary was the sole holder of the Debentures.

During the three months ended September 30, 2012, the Company redeemed the $436.7 million of remaining outstanding Debentures. Because the Preferred Securities were mandatorily redeemable upon the retirement of the Debentures at maturity or upon acceleration of the Debentures, the Preferred Securities were concurrently redeemed at 100% of the liquidation preference of $421.2 million. In conjunction with the redemption of the Debentures and the Preferred Securities, the Company received cash proceeds of $15.5 million representing liquidation of the Company's equity interest in the Subsidiary. The Company repaid the Debentures at 100% of their face amount; therefore, substantially all of the $6.0 million loss on extinguishment of the Debentures was due to the write-off of deferred financing costs.

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Receivables-Related Borrowings

In September 2012, the Company renewed its 364-day receivables facility that provides for borrowings of up to $200.0 million such that it will expire in September 2013 (the “Receivables Facility”). Under the Receivables Facility, the Company and certain operating subsidiaries (collectively, “the Originators”) sell their receivables to a financing subsidiary as the receivables are originated. The financing subsidiary is wholly owned by the Company and is the owner of the purchased receivables and the borrower under the Receivables Facility. The assets of the financing subsidiary are restricted as collateral for the payment of debt or other obligations arising under the Receivables Facility, and the financing subsidiary’s assets and credit are not available to satisfy the debts and obligations owed to the Company’s or any other Originator’s creditors. The Company includes the financing subsidiary’s assets, liabilities and results of operations in its consolidated financial statements. The Receivables Facility requires, among other things, that the Company maintain certain interest coverage and total indebtedness to total capital ratios, and the Company was in compliance with such requirements as of September 30, 2012. The financing subsidiary owned $623.5 million of outstanding accounts receivable as of September 30, 2012, and these amounts are included in accounts receivable, net in the Company’s Condensed Consolidated Balance Sheet at September 30, 2012. The Company had outstanding borrowings of $200.0 million under the Receivables Facility as of September 30, 2012, at a weighted average interest rate of 0.9%.

Revolving Credit Facility and Commercial Paper

On December 2, 2011, the Company entered into a five-year credit agreement (the "Credit Agreement") with a syndicate of banks. The Credit Agreement provides for an unsecured syndicated revolving credit facility with a maturity date of December 2, 2016, and an aggregate commitment at any time outstanding of up to $800.0 million (the "Facility"). The Credit Agreement contains customary representations and warranties, covenants and events of default. As of September 30, 2012, there were no borrowings or standby letters of credit issued or outstanding under the Facility, and the Company was in compliance with the provisions of the Credit Agreement.

In lieu of borrowings under the Facility, the Company may issue up to $800.0 million of commercial paper. The Facility provides the committed backup liquidity required to issue commercial paper. Accordingly, commercial paper may be issued only up to the amount available for borrowing under the Facility. As of September 30, 2012, the Company had outstanding commercial paper obligations of $86.7 million while no commercial paper obligations were outstanding as of December 31, 2011.

Footnote 7 — Derivatives

The use of financial instruments, including derivatives, exposes the Company to market risk related to changes in interest rates, foreign currency exchange rates and commodity prices. The Company enters into interest rate swaps related to debt obligations with initial maturities ranging from five to ten years. The Company uses interest rate swap agreements to manage its interest rate exposure and to achieve a desired proportion of variable and fixed-rate debt. These derivatives are designated as fair value hedges based on the nature of the risk being hedged. The Company also uses derivatives to hedge interest rates on anticipated issuances of debt securities occurring within one year or less of the inception date of the derivative, and the Company uses these instruments to reduce the volatility in future interest payments that would be made pursuant to the anticipated debt issuances. The Company also uses derivative instruments, such as forward contracts, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and changes in fair value resulting from changes in foreign currency exchange rates. The Company’s foreign exchange risk management policy generally emphasizes hedging transaction exposures of one-year duration or less and hedging foreign currency intercompany financing activities with derivatives with maturity dates of one year or less. The Company uses derivative instruments to hedge various foreign exchange exposures, including the following: (i) variability in foreign currency-denominated cash flows, such as the hedges of inventory purchases for products produced in one currency and sold in another currency and (ii) currency risk associated with foreign currency-denominated operating assets and liabilities, such as forward contracts and other instruments that hedge cash flows associated with intercompany financing activities. Additionally, the Company purchases certain raw materials which are subject to price volatility caused by unpredictable factors. Where practical, the Company uses derivatives as part of its commodity risk management process. Generally, the Company's commodity derivative arrangements hedge exposures over a period of time not exceeding one year and tend to be floating-for-fixed price arrangements, which enables the Company to better manage input cost inflation. The Company reports its derivative positions in the Condensed Consolidated Balance Sheets on a gross basis and does not net asset and liability derivative positions with the same counterparty. The Company monitors its positions with, and the credit quality of, the financial institutions that are parties to its financial transactions.

Derivative instruments are accounted for at fair value. The accounting for changes in the fair value of a derivative depends on the intended use and designation of the derivative instrument. For a derivative instrument that is designated and qualifies as a fair value hedge, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current earnings. For derivative instruments that are designated and qualify as cash flow hedges, the effective

14

portion of the gain or loss on the derivative is initially reported as a component of accumulated other comprehensive income (loss) (“AOCI”), net of tax, and is subsequently reclassified into earnings when the hedged transaction affects earnings. The ineffective portion of the gain or loss is recognized in current earnings. Gains and losses from changes in fair values of derivatives that are not designated as hedges for accounting purposes are recognized currently in earnings, and such amounts were not material for the three and nine months ended September 30, 2012 and 2011.

The following table summarizes the Company’s outstanding derivative instruments and their effects on the Condensed Consolidated Balance Sheets as of September 30, 2012 and December 31, 2011 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	September 30, 2012		December 31, 2011		Balance Sheet Location	September 30, 2012		December 31, 2011
Interest rate swaps	Other assets	$	41.3	$	35.8	Other liabilities	$	—	$	—
Forward interest rate swaps	Prepaid expenses and other	1.0		—		Other accrued liabilities	0.7		—
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other	0.1		1.9		Other accrued liabilities	0.8		—
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	0.3		0.5		Other accrued liabilities	—		—
Commodity swap	Prepaid expenses and other	—		—		Other accrued liabilities	1.7		—
Total assets		$	42.7	$	38.2	Total liabilities	$	3.2	$	—

The fair values of outstanding derivatives that are not designated as hedges for accounting purposes were not material as of September 30, 2012 and December 31, 2011.

The Company is not a party to any derivatives that require collateral to be posted prior to settlement.

Fair Value Hedges

The following table presents the pretax effects of derivative instruments designated as fair value hedges on the Company’s Condensed Consolidated Statements of Operations (in millions):

Derivatives in fair value hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) recognized in income
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2012			2011			2012			2011
Interest rate swaps	Interest expense, net	$	2.3		$	16.6		$	5.5		$	15.8
Fixed-rate debt	Interest expense, net	$	(2.3	)	$	(16.6	)	$	(5.5	)	$	(15.8	)

The Company did not realize any ineffectiveness related to fair value hedges during the three and nine months ended September 30, 2012 and 2011.

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Cash Flow Hedges

The following table presents the pretax effects of derivative instruments designated as cash flow hedges on the Company’s Condensed Consolidated Statements of Operations and AOCI (in millions):

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) reclassified from AOCI into income
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2012			2011			2012			2011
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	(0.3	)	$	(1.5	)	$	0.5		$	(6.2	)
Foreign exchange contracts on intercompany borrowings	Interest expense, net	—			(0.3		)	(0.1		)	(0.6		)
Commodity swap	Cost of products sold	(1.4		)	—			(1.9		)	—
		$	(1.7	)	$	(1.8	)	$	(1.5	)	$	(6.8	)

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012			2011		2012			2011
Foreign exchange contracts on inventory-related purchases	$	(2.0	)	$	2.5	$	(2.1	)	$	(4.5	)
Foreign exchange contracts on intercompany borrowings	(2.0		)	2.9		(0.4		)	0.8
Forward interest rate swaps	(0.8		)	—		0.3			—
Commodity swap	(0.4		)	—		(3.6		)	—
	$	(5.2	)	$	5.4	$	(5.8	)	$	(3.7	)

During the nine months ended September 30, 2012, the Company entered into forward interest rate swap contracts with certain counterparties for an aggregate $250.0 million notional amount (the "Forward Swaps") to swap floating LIBOR rates with a weighted-average fixed rate of 1.8%. The Forward Swaps mature in March 2013. The Forward Swaps are intended to fix the "risk-free" component of the interest rate of the Company's probable debt issuances. The Forward Swaps will unwind and settle when the underlying probable debt issuances are priced, which is expected to occur prior to the maturity date. The Company determined that the Forward Swaps meet the hedge accounting criteria under the relevant authoritative guidance, and accordingly, the Forward Swaps have been classified as cash flow hedges. The Company will continue to recognize any unrealized gains or losses arising from the mark-to-market adjustments of the Forward Swaps in AOCI until the issuance of the debt, subsequent to which the Company will record such gains or losses on the Forward Swaps into earnings over the term of the underlying debt. If it becomes no longer probable that the debt issuance will occur, gains or losses arising from the Forward Swaps, including mark-to-market adjustments, will be recognized in earnings immediately.

In May 2012, the Company entered into a commodity swap contract with a counterparty for an aggregate $14.0 million notional amount (the "Commodity Swap") relating to forecasted monthly purchases of resin. The Commodity Swap will expire on December 31, 2012 with cash settlement occurring monthly through the expiration date. The Company determined that the Commodity Swap meets the hedge accounting criteria under the relevant authoritative guidance, and accordingly, the Commodity Swap has been classified as a cash flow hedge.

The Company did not realize any ineffectiveness related to cash flow hedges during the three and nine months ended September 30, 2012 and 2011. As of September 30, 2012, the Company expects to reclassify net losses of $2.4 million into earnings during the next 12 months.

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Footnote 8 — Employee Benefit and Retirement Plans

The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the three months ended September 30, (in millions):

	U.S.						International
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	0.8		$	1.1		$	1.6		$	1.4
Interest cost on projected benefit obligation	11.5			12.4			6.2			6.2
Expected return on plan assets	(14.9		)	(14.9		)	(6.2		)	(6.6		)
Amortization of prior service cost, actuarial loss and other	5.6			4.3			0.5			0.2
Net periodic pension cost	$	3.0		$	2.9		$	2.1		$	1.2

The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the nine months ended September 30, (in millions):

	U.S.						International
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	2.4		$	3.3		$	4.8		$	4.4
Interest cost on projected benefit obligation	34.5			37.1			18.6			19.6
Expected return on plan assets	(44.7		)	(44.7		)	(18.6		)	(20.8		)
Amortization of prior service cost, actuarial loss and other	16.9			13.0			1.5			2.9
Net periodic pension cost	$	9.1		$	8.7		$	6.3		$	6.1

The following table presents the components of the Company’s other postretirement benefit costs for the three and nine months ended September 30, (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	0.3		$	0.3		$	0.9		$	0.9
Interest cost on projected benefit obligation	1.8			2.1			5.4			6.3
Amortization of prior service benefit and actuarial loss, net	(0.3		)	(0.3		)	(0.9		)	(0.9		)
Net other postretirement benefit costs	$	1.8		$	2.1		$	5.4		$	6.3

The Company made a cash contribution to the Company-sponsored profit sharing plan of $18.8 million and $17.6 million during the nine months ended September 30, 2012 and 2011, respectively.

In June 2012, legislation was enacted that is expected to impact the Company's future funding requirements for its U.S. pension plan (the "Plan"). The Company is evaluating the impact of the legislation on the Company's contribution requirements for the Plan.

Footnote 9 — Income Taxes

As of September 30, 2012, there were no significant changes to the Company's unrecognized tax benefits as reported in its Form 10-K for the year ended December 31, 2011.

The Company's income tax expense and resulting effective tax rate are based upon the respective estimated annual effective tax rates applicable for the respective periods adjusted for the effects of items required to be treated as discrete to the period, including changes in tax laws, changes in estimated exposures for uncertain tax positions, and other items. The Company's effective tax rate for the three and nine months ended September 30, 2012 was driven by changes in pretax income and geographical mix in earnings, the unfavorable impact on reserves for certain tax contingencies, the expiration of statutes of limitation and audit settlements, and other non-cash tax charges associated with the European Transformation Plan.

The Company’s effective tax rate for the three and nine months ended September 30, 2011 was impacted by $76.2 million of tax benefits associated with impairment charges recorded during the period. The Company's tax benefit was favorably impacted by

17

$28.2 million and $49.0 million in the three and nine months ended September 30, 2011, respectively, associated with the realization of unrecognized tax benefits, including interest and penalties, due to the expiration of various worldwide statutes of limitation. The effective tax rate for the three and nine months ended September 30, 2011 was also favorably impacted by a change in the geographical mix in earnings.

Footnote 10 — Earnings per Share

The calculation of basic and diluted earnings per share is as follows (in millions, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
Numerator for basic and diluted earnings per share:
Income (loss) from continuing operations	$	106.6	$	(166.4	)	$	297.7	$	52.9
Income (loss) from discontinued operations	1.7		(11.2		)	1.7		(8.1		)
Net income (loss)	$	108.3	$	(177.6	)	$	299.4	$	44.8
Dividends and equivalents for share-based awards expected to be forfeited	—		—			—		0.1
Net income (loss) for basic earnings per share	$	108.3	$	(177.6	)	$	299.4	$	44.9
Effect of Preferred Securities (1)	—		—			—		—
Net income (loss) for diluted earnings per share	$	108.3	$	(177.6	)	$	299.4	$	44.9
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	288.0		290.8			288.9		291.1
Share-based payment awards classified as participating securities (2)	2.7		—			2.8		3.1
Denominator for basic earnings per share	290.7		290.8			291.7		294.2
Dilutive securities (3)	2.0		—			2.1		2.3
Convertible Notes (4)	—		—			—		0.3
Preferred Securities (1)	—		—			—		—
Denominator for diluted earnings per share	292.7		290.8			293.8		296.8
Basic earnings per share:
Income (loss) from continuing operations	$	0.37	$	(0.57	)	$	1.02	$	0.18
Income (loss) from discontinued operations	0.01		(0.04		)	0.01		(0.03		)
Net income (loss)	$	0.37	$	(0.61	)	$	1.03	$	0.15
Diluted earnings per share:
Income (loss) from continuing operations	$	0.36	$	(0.57	)	$	1.01	$	0.18
Income (loss) from discontinued operations	0.01		(0.04		)	0.01		(0.03		)
Net income (loss)	$	0.37	$	(0.61	)	$	1.02	$	0.15

(1) As disclosed in Footnote 6, the outstanding Preferred Securities were redeemed on July 16, 2012. The Preferred Securities were anti-dilutive for all periods presented, and therefore, have been excluded from diluted earnings per share. Had the Preferred Securities been included in the diluted earnings per share calculation, net income for the three months ended September 30, 2012 and 2011 would be increased by $0.6 million and $3.5 million, respectively, and net income for the nine months ended September 30, 2012 and 2011 would be increased by $7.6 million and $10.5 million, respectively. Weighted-average shares outstanding would be increased by 1.4 million and 8.3 million shares for the three months ended September 30, 2012 and 2011, respectively, and 6.0 million and 8.3 million shares for the nine months ended September 30, 2012 and 2011, respectively.

(2) Share-based payment awards classified as participating securities are anti-dilutive for the three months ended September 30, 2011 and therefore have been excluded from basic and diluted earnings per share calculations. Had these securities been included, the weighted-average shares outstanding would be increased by 3.3 million for the three months ended September 30, 2011.

(3) Dilutive securities include “in the money” options, non-participating restricted stock units and performance stock units. The weighted-average shares outstanding exclude the effect of 9.4 million and 19.3 million stock options and other securities for the three months ended September 30, 2012 and 2011, respectively, and 9.9 million and 12.1 million stock options and other securities for the nine months ended September 30, 2012 and 2011, respectively, because such securities were anti-dilutive. The weighted-average shares outstanding for the three and nine months ended September 30, 2012 also exclude the weighted average effect of 0.9 million performance stock units outstanding at September 30, 2012 because the securities were anti-dilutive.

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(4) As disclosed in Footnote 6, substantially all of the remaining outstanding principal amount of the Convertible Notes was extinguished in March 2011. The Convertible Notes did not meaningfully impact diluted average shares outstanding in periods subsequent to March 31, 2011 because the maximum amount of shares required to settle the “in the money” portion of the $0.1 million principal amount of the Convertible Notes is not material. Dilution for the nine months ended September 30, 2011 takes into consideration the period of time the Convertible Notes were outstanding.

Footnote 11 — Stock-Based Compensation

The Company accounts for stock-based compensation pursuant to certain authoritative guidance which requires measurement of compensation cost for all stock awards at fair value on the date of grant and recognition of compensation, net of estimated forfeitures, over the requisite service period for awards expected to vest. The Company recognized $8.1 million and $11.7 million of pretax stock-based compensation expense during the three months ended September 30, 2012 and 2011, respectively, and $26.6 million and $28.4 million during the nine months ended September 30, 2012 and 2011, respectively.

The following table summarizes the changes in the number of shares of common stock under option for the nine months ended September 30, 2012 (in millions, except per share value):

	Shares		Weighted-Average Exercise Price		Exercisable at Period End	Aggregate     Intrinsic     Value     Exercisable
Outstanding at December 31, 2011	15.4		$	21	9.8	$	5.4
Exercised	(1.5	)	8
Forfeited / expired	(1.7	)	26
Outstanding at September 30, 2012	12.2		$	22	9.9	$	14.8

The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the nine months ended September 30, 2012 (shares in millions):

	Shares		Weighted-     Average Grant      Date Fair Value
Outstanding at December 31, 2011	6.1		$	13
Granted	2.0		19
Vested	(2.1	)	10
Forfeited	(0.4	)	17
Outstanding at September 30, 2012	5.6		$	17

During the nine months ended September 30, 2012, the Company awarded 1.0 million performance stock units which entitle recipients to shares of the Company’s stock at the end of a three-year vesting period, if specified market conditions are achieved (“PSUs”). The PSUs entitle recipients to shares of common stock equal to 0% up to 200% of the number of units granted at the vesting dates depending on the level of achievement of the specified market and service conditions. As of September 30, 2012, 2.1 million PSUs were outstanding, and based on performance through September 30, 2012, recipients of PSUs would be entitled to 1.5 million shares at the vesting date. The PSUs are included in the preceding table as if the participants earn shares equal to 100% of the units granted.

During 2011, the Company awarded 0.7 million performance stock units which entitle the Company's Chief Executive Officer to shares of the Company's stock if specified market and service conditions are achieved. The performance stock units vest no earlier than two years from the date of grant and no later than seven years from the date of grant. Based on performance through September 30, 2012, the market conditions have been achieved and, accordingly, the performance stock units will vest in July 2013 if the service conditions are achieved. The 0.7 million performance stock units are included in the preceding table as outstanding as of September 30, 2012 and December 31, 2011.

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Footnote 12 — Fair Value Disclosures

Recurring Fair Value Measurements

The following tables present the Company’s non-pension financial assets and liabilities which are measured at fair value on a recurring basis (in millions):

Description	Fair Value as of September 30, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant     Unobservable     Inputs (Level 3)
Assets
Investment securities, including mutual funds (1)	$	10.8	$	8.0	$	2.8	$	—
Interest rate swaps (2)	41.3		—		41.3		—
Forward interest rate swaps (2)	1.0		—		1.0		—
Foreign currency derivatives (2)	0.4		—		0.4		—
Total	$	53.5	$	8.0	$	45.5	$	—
Liabilities
Forward interest rate swaps (2)	$	0.7	$	—	$	0.7	$	—
Foreign currency derivatives (2)	0.8		—		0.8		—
Commodity swap (2)	1.7		—		1.7		—
Total	$	3.2	$	—	$	3.2	$	—
Description	Fair Value as of December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Investment securities, including mutual funds (1)	$	17.7	$	7.3	$	10.4	$	—
Interest rate swaps (2)	35.8		—		35.8		—
Foreign currency derivatives (2)	2.4		—		2.4		—
Total	$	55.9	$	7.3	$	48.6	$	—

(1) The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($0.4 million and $5.1 million as of September 30, 2012 and December 31, 2011, respectively) and other assets ($10.4 million and $12.6 million as of September 30, 2012 and December 31, 2011, respectively). For mutual funds that are publicly traded, fair value is determined on the basis of quoted market prices and, accordingly, these investments have been classified as Level 1. Other investment securities are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date and have been classified as Level 2.

(2) The fair values of the Company's derivative instruments are based on valuation models using observable market inputs and as such have been classified as Level 2.

Non-recurring Fair Value Measurements

The Company’s nonfinancial assets which are measured at fair value on a nonrecurring basis include property, plant and equipment, goodwill, intangible assets and certain other assets.

During the three months ended September 30, 2012, the Company performed the annual impairment tests of goodwill and indefinite-lived intangible assets and concluded that no impairment charges were necessary. In making the assessment of goodwill and indefinite-lived intangible assets impairment, management relies on a number of factors including operating results, business plans, economic projections, anticipated future cash flows, transactions, and market place data. Accordingly, these fair value measurements fall in the Level 3 category of the fair value hierarchy. The factors used by management in the impairment analysis are inherently subject to uncertainty. While the Company believes it has made reasonable estimates and assumptions to determine the fair value of its reporting units, if actual results are not consistent with management's estimates and assumptions, goodwill and other intangible assets may be overstated and could potentially trigger additional impairment charges.

During the nine months ended September 30, 2012, impairments associated with plans to dispose of certain property, plant and equipment were not material. The Company generally uses projected cash flows, discounted as necessary, to estimate the fair values of the impaired assets using key inputs such as management’s projections of cash flows on a held-and-used basis (if

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applicable), management’s projections of cash flows upon disposition and discount rates. Accordingly, these fair value measurements fall in the Level 3 category of the fair value hierarchy. These assets and certain liabilities are measured at fair value on a nonrecurring basis as part of the Company’s impairment assessments and as circumstances require.

Financial Instruments

The Company’s financial instruments include cash and cash equivalents, accounts receivable, accounts payable, derivative instruments, notes payable and short and long-term debt. The carrying values for current financial assets and liabilities, including cash and cash equivalents, accounts receivable and accounts payable, approximate fair value due to the short maturity of such instruments. The fair values of the Company’s derivative instruments are recorded in the Condensed Consolidated Balance Sheets and are disclosed in Footnote 7.

The fair values of certain of the Company’s long-term debt are based on quoted market prices (Level 1) and are as follows (in millions):

	September 30, 2012				December 31, 2011
	Fair Value		Book Value		Fair Value		Book Value
Medium-term notes	$	1,953.8	$	1,869.2	$	1,679.7	$	1,632.3
Preferred securities underlying the junior convertible subordinated debentures	—		—		356.0		421.2

The carrying amounts of all other significant debt approximate fair value.

Footnote 13 — Segment Information

Effective January 1, 2012, the Company, as part of Project Renewal, implemented certain changes to its organizational structure that resulted in the consolidation of the Company's three operating groups into two and of its 13 global business units ("GBU") into nine. One of the two operating groups is primarily consumer-facing ("Newell Consumer"), while the other is primarily commercial-facing ("Newell Professional"). Additionally, while not an operating group, the Baby & Parenting GBU is treated as a stand-alone operating segment. As of September 30, 2012, the Company’s three operating and reportable segments are as follows:

Reportable Segments	Key Brands	Description of Primary Products
Newell Consumer	Rubbermaid®, Levolor®, Goody®, Sharpie®,  Expo®, Paper Mate®, Parker®, Waterman®, Calphalon®	Indoor/outdoor organization, food storage and home storage products; window treatments; hair care accessories; writing instruments, including pens, pencils, markers and highlighters; fine writing instruments and leather goods; gourmet cookware, bakeware, cutlery and small kitchen electrics
Newell Professional	Rubbermaid® Commercial Products, Irwin®, Shur-line®, Bulldog®, Lenox®, Dymo®, Mimio®	Cleaning and refuse products, hygiene systems, material handling solutions and medical and computer carts, and wall-mounted work stations; hand tools and power tool accessories, manual paint applicators and convenience hardware; industrial bandsaw blades and cutting tools for pipes and HVAC systems; office technology solutions such as label makers and printers and interactive teaching solutions
Baby & Parenting	Graco®, Aprica®	Infant and juvenile products such as car seats, strollers, highchairs and playards

In October 2012, the Company announced certain changes to its organizational structure that will significantly impact the Company's business segments. Refer to Footnote 16 for further details.

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The comparative information for segment results and identifiable assets has been restated to conform to the 2012 presentation and is as follows (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net Sales (1)
Newell Consumer	$	814.6		$	832.1		$	2,262.6		$	2,322.3
Newell Professional	535.4			541.6			1,571.4			1,545.4
Baby & Parenting	185.3			176.2			549.9			501.7
	$	1,535.3		$	1,549.9		$	4,383.9		$	4,369.4
Operating Income (Loss) (2)
Newell Consumer (5)	$	137.9		$	128.8		$	359.0		$	363.1
Newell Professional	70.6			84.5			204.9			214.2
Baby & Parenting	18.3			17.7			59.9			38.1
Impairment charges	—			(382.6		)	—			(382.6		)
Restructuring costs	(13.7		)	(5.5		)	(37.5		)	(12.3		)
Corporate (5)	(24.7		)	(35.1		)	(88.2		)	(88.8		)
	$	188.4		$	(192.2	)	$	498.1		$	131.7

	September 30, 2012		December 31, 2011
Identifiable Assets
Newell Consumer	$	1,496.2	$	1,363.7
Newell Professional	1,286.4		1,126.3
Baby & Parenting	308.6		305.3
Corporate (3)	3,272.1		3,365.6
	$	6,363.3	$	6,160.9

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Geographic Area Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions)	2012		2011			2012		2011
Net Sales (1), (4)
United States	$	1,058.8	$	1,041.0		$	2,981.7	$	2,915.1
Canada	94.4		103.3			262.5		284.7
Total North America	1,153.2		1,144.3			3,244.2		3,199.8
Europe, Middle East and Africa	174.4		203.7			537.2		617.2
Latin America	86.4		86.2			245.3		238.4
Asia Pacific	121.3		115.7			357.2		314.0
Total International	382.1		405.6			1,139.7		1,169.6
	$	1,535.3	$	1,549.9		$	4,383.9	$	4,369.4
Operating Income (Loss) (2), (6)
United States (5)	$	138.3	$	(137.3	)	$	359.0	$	86.0
Canada	20.9		25.1			54.4		61.5
Total North America	159.2		(112.2		)	413.4		147.5
Europe, Middle East and Africa (5)	3.2		(4.5		)	17.0		14.6
Latin America	6.2		4.6			2.6		13.3
Asia Pacific	19.8		(80.1		)	65.1		(43.7		)
Total International	29.2		(80.0		)	84.7		(15.8		)
	$	188.4	$	(192.2	)	$	498.1	$	131.7

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 12.1% and 12.5% of consolidated net sales in the three months ended September 30, 2012 and 2011, respectively, and approximately 10.9% of consolidated net sales in the nine months ended September 30, 2012 and 2011.

(2) Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, impairment charges, and restructuring costs. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.

(3) Corporate assets primarily include goodwill, capitalized software, cash and deferred tax assets.

(4) Geographic sales information is based on the region from which the products are shipped and invoiced.

(5) The United States operating income is after considering $3.2 million and $7.1 million of incremental SG&A costs associated with Project Renewal for the three and nine months ended September 30, 2012, of which $3.2 million relates to the Consumer segment and $3.9 million relates to Corporate. The Europe, Middle East and Africa operating income is after considering $5.4 million and $11.5 million of incremental SG&A costs associated with the European Transformation Plan for the three months ended September 30, 2012 and 2011, respectively, and $22.0 million and $25.8 million for the nine months ended September 30, 2012 and 2011, respectively, all of which is included in Corporate.

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(6) The following table summarizes the restructuring costs and impairment charges by region included in operating income (loss) above (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Restructuring Costs
United States	$	5.3	$	—	$	21.4	$	—
Canada	0.3		—		0.8		—
Total North America	5.6		—		22.2		—
Europe, Middle East and Africa	6.1		5.5		11.7		12.3
Latin America	1.7		—		2.6		—
Asia Pacific	0.3		—		1.0		—
Total International	8.1		5.5		15.3		12.3
	$	13.7	$	5.5	$	37.5	$	12.3

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Impairment Charges
United States	$	—	$	266.8	$	—	$	266.8
Canada	—		—		—		—
Total North America	—		266.8		—		266.8
Europe, Middle East and Africa	—		9.2		—		9.2
Latin America	—		—		—		—
Asia Pacific	—		106.6		—		106.6
Total International	—		115.8		—		115.8
	$	—	$	382.6	$	—	$	382.6

Footnote 14 — Other Accrued Liabilities

Other accrued liabilities included the following (in millions):

	September 30, 2012		December 31, 2011
Customer accruals	$	252.5	$	250.7
Accruals for manufacturing, marketing and freight expenses	106.2		105.1
Accrued self-insurance liabilities	69.2		66.8
Accrued pension, defined contribution and other postretirement benefits	50.0		54.6
Accrued contingencies, primarily legal, environmental and warranty	36.8		37.2
Accrued restructuring (See Footnote 4)	37.3		33.0
Other	121.4		146.1
Other accrued liabilities	$	673.4	$	693.5

Customer accruals are promotional allowances and rebates, including cooperative advertising, given to customers in exchange for their selling efforts and volume purchased. The self-insurance accrual is primarily casualty liabilities such as workers’ compensation, general and product liability and auto liability and is estimated based upon historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs.

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Footnote 15 — Litigation and Contingencies

The Company is involved in legal proceedings in the ordinary course of its business. These proceedings include claims for damages arising out of use of the Company’s products, allegations of infringement of intellectual property, commercial disputes and employment matters, as well as environmental matters. Some of the legal proceedings include claims for punitive as well as compensatory damages, and certain proceedings may purport to be class actions.

In the normal course of business and as part of its acquisition and divestiture strategy, the Company may provide certain representations and indemnifications related to legal, environmental, product liability, tax or other types of issues. Based on the nature of these representations and indemnifications, it is not possible to predict the maximum potential payments under all of these agreements due to the conditional nature of the Company’s obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements did not have a material effect on the Company’s business, financial condition or results of operations.

The Company, using current product sales data and historical trends, actuarially calculates the estimate of its exposure for product liability. The Company has product liability reserves of $42.8 million and $39.7 million as of September 30, 2012 and December 31, 2011, respectively. The Company is insured for product liability claims for amounts in excess of established deductibles and accrues for the estimated liability as described up to the limits of the deductibles. All other claims and lawsuits are handled on a case-by-case basis.

Legal Matters

The Company is currently a party to two purported state class actions and one purported national Canadian class action. The cases include allegations that a certain model car seat sold by an affiliate of the Company did not satisfy all requisite government safety standards. The Company is vigorously defending all three actions.

In July 2007, the Company acquired all of the outstanding equity interests of PSI Systems, Inc. (“Endicia”), provider of DYMO|Endicia Internet Postage. Endicia was party to a lawsuit against it alleging patent infringement which was filed on November 22, 2006 in the U.S. District Court for the Central District of California. In this case, Stamps.com sought unspecified damages, attorneys’ fees and injunctive relief in order to prevent Endicia from continuing to engage in activities that are alleged to infringe on Stamps.com’s patents. In 2010, the Court entered judgment in favor of the Company terminating the action on summary judgment, and on June 15, 2011, the U.S. Court of Appeals for the Federal Circuit affirmed that judgment. Stamps.com’s petition for a rehearing before the Federal Circuit panel was denied and Stamps.com has no further right of appeal. A separate case, in which Endicia and Stamps.com each claimed infringement of different patents, was settled during March 2012 without payment by either the Company or Stamps.com.

The City of Sao Paulo’s Green and Environmental Office (the “Sao Paulo G&E Office”) is seeking fines of up to approximately $4.0 million related to alleged improper storage of hazardous materials at the Company’s tool manufacturing facility located in Sao Paulo, Brazil. The Company has obtained a stay of enforcement of a notice of fine due October 1, 2009 issued by the Sao Paulo G&E Office. The Company plans to continue to contest the fines.

Environmental Matters

As of September 30, 2012, the Company was involved in various matters concerning federal and state environmental laws and regulations, including matters in which the Company has been identified by the U.S. Environmental Protection Agency ("U.S. EPA") and certain state environmental agencies as a potentially responsible party (“PRP”) at contaminated sites under the Federal Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) and equivalent state laws.

In assessing its environmental response costs, the Company has considered several factors, including the extent of the Company’s volumetric contribution at each site relative to that of other PRPs; the kind of waste; the terms of existing cost sharing and other applicable agreements; the financial ability of other PRPs to share in the payment of requisite costs; the Company’s prior experience with similar sites; environmental studies and cost estimates available to the Company; the effects of inflation on cost estimates; and the extent to which the Company’s, and other parties’, status as PRPs is disputed.

The Company’s estimate of environmental response costs associated with these matters as of September 30, 2012 ranged between $21.5 million and $25.6 million. As of September 30, 2012, the Company had a reserve of $21.7 million for such environmental remediation and response costs in the aggregate, which is included in other accrued liabilities and other noncurrent liabilities in the Condensed Consolidated Balance Sheet. No insurance recovery was taken into account in determining the Company’s cost estimates or reserve, nor do the Company’s cost estimates or reserves reflect any discounting for present value purposes, except with respect to certain long-term operations and maintenance CERCLA matters, which are estimated at their present value of $18.7 million by applying a 5% discount rate to undiscounted obligations of $26.7 million.

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Two of the Company's subsidiaries, Goody Products, Inc. and Berol Corporation (the “Company Parties”), are among over 300 entities named by Maxus Energy Corporation (“Maxus”) and Tierra Solutions, Inc. (“Tierra”) as third-party defendants in New Jersey Department of Environmental Protection, et al. (collectively “DEP”) v. Occidental Chemical Corporation, et al., pending in the Superior Court of New Jersey, Law Division - Essex County. Through the third-party complaint, Maxus and Tierra allege that releases from two facilities formerly operated by the Company Parties contributed to contamination in the Passaic River and other bodies of water and seek contribution for certain clean-up and removal costs, as well as other damages for which they may be found liable to DEP.

In addition, U.S. EPA has issued General Notice Letters (“GNLs”) to over 100 entities, including the Company and Berol Corporation, alleging that they are PRPs at the Diamond Alkali Superfund Site, which includes a 17-mile stretch of the Lower Passaic River and its tributaries. 72 of the GNL recipients, including the Company on behalf of itself and the Company Parties, have taken over the performance of the remedial investigation and feasibility study (“RI/FS”) for the Lower Passaic River. U.S. EPA continues to evaluate remedial options, the scope and cost of which have yet to be determined. U.S. EPA has also indicated that it will seek to have the PRPs fund the remedy. The site is also subject to a Natural Resource Damage Assessment.

Given the uncertainties pertaining to this matter–including that the litigation and RI/FS are ongoing, the ultimate remediation has not yet been determined, the parties have not agreed upon a final allocation for the investigation and any remediation, and the extent to which the Company Parties may be held liable or responsible is not yet known–it is not possible for the Company to estimate its ultimate liability related to this matter. Based on currently known facts and circumstances, the Company does not believe that this matter is reasonably likely to have a material impact on the Company's results of operations because the Company Parties' facilities are not alleged to have discharged the contaminants which are of the greatest concern in the river sediments, and because there are numerous other parties who will likely share in any costs of remediation and/or damages. However, in the event of one or more adverse determinations related to this matter, it is possible that the ultimate liability resulting from this matter and the impact on the Company's results of operations could be material.

Because of the uncertainties associated with environmental investigations and response activities, the possibility that the Company could be identified as a PRP at sites identified in the future that require the incurrence of environmental response costs and the possibility that sites acquired in business combinations may require environmental response costs, actual costs to be incurred by the Company may vary from the Company’s estimates.

Although management of the Company cannot predict the ultimate outcome of these proceedings with certainty, except as otherwise may be described above, it believes that the ultimate resolution of the Company’s proceedings, including any amounts it may be required to pay in excess of amounts reserved, will not have a material effect on the Company’s condensed consolidated financial statements.

Footnote 16 — Subsequent Events

Renewal Expansion

In October 2012, the Company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the Company's Consumer and Professional groups will be eliminated and the Company's nine global business units will be streamlined into six business segments. The Company will begin reporting under the new structure in the fourth quarter of 2012.

In connection with the expansion of Project Renewal, the Company expects to incur incremental cash costs of $225 to $250 million, approximately 80% of which are employee-related cash costs, including severance, retirement, and other termination benefits and costs. The Company also expects to record pretax restructuring charges in the range of $250 to $275 million over the same period. Cumulative costs of the expanded Project Renewal are now expected to be $340 to $375 million pretax, with cash costs of $300 to $340 million. Project Renewal, as expanded, is expected to be complete by mid-2015.

Dividends

In October 2012, the Company's Board of Directors approved an increase in the quarterly dividend payable to stockholders from $0.10 per share to $0.15 per share, effective with the dividend payable in December 2012.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis provides information which management believes is relevant to an assessment and understanding of the Company’s consolidated results of operations and financial condition. The discussion should be read in conjunction with the accompanying condensed consolidated financial statements and notes thereto.

Business Overview

Newell Rubbermaid is a global marketer of consumer and commercial products that help people flourish every day, where they live, learn, work and play. The Company’s products are marketed under a strong portfolio of brands, including Rubbermaid^®, Levolor^®, Goody^®, Calphalon^®, Sharpie^®, Paper Mate^®, Parker^®, Waterman^®, Irwin^®, Lenox^®, Dymo^®, Graco^®, and Aprica^®.

Effective January 1, 2012, the Company, as part of Project Renewal, implemented changes to its organizational structure that resulted in the consolidation of the Company's three operating groups into two and the consolidation of its 13 global business units into nine. One of the two operating groups is consumer-facing ("Newell Consumer"), while the other is commercial-facing ("Newell Professional"). In addition, while not an operating group, the Baby & Parenting global business unit is treated as a stand-alone operating segment.

Business Strategy

Newell Rubbermaid’s vision is to become a global company of Brands That Matter™ and great people, known for best-in-class results. The Company is committed to building consumer-meaningful brands through understanding the needs of consumers and using those insights to create innovative, highly differentiated product solutions that offer performance and value.

The transformation that began several years ago building Brands That Matter™ and insight-driven innovations that win in the marketplace has created a solid foundation. The Company now has a stronger and more tightly focused portfolio of leading brands with a margin structure that allows for brand investment. The Company has devised its new Growth Game Plan, which is the strategy the Company is implementing to fulfill its ambition to build a bigger, faster-growing, more global and more profitable company. The Growth Game Plan encompasses the following aspects:

Business Model

◦ A brand-led business with a strong home in the United States and global ambition.

◦ Consumer brands that win at the point of decision through excellence in performance, design and innovation.

◦ Professional brands that win the loyalty of the chooser by improving the productivity and performance of the user.

◦ Collaboration with our partners across the total enterprise in a shared commitment to growth and creating value.

◦ Delivering competitive returns to shareholders through consistent, sustainable and profitable growth.

Where To Play

◦ Win Bigger — Deploying resources to businesses and regions with higher growth opportunities through investments in innovation and geographic expansion.

◦ Win Where We Are — Optimizing the performance of businesses and brands in existing markets by investing in innovation to increase market share and reducing structural spend within the existing geographic footprint.

◦ Incubate For Growth — Investing in businesses that have unique opportunities for growth, with a primary focus on businesses that are in the early stages of the business cycle.

5 Ways To Win

◦ Make The Brands Really Matter — Sharpening brand strategies on the highest impact growth levers and partnering to win with customers and suppliers.

◦ Build An Execution Powerhouse — Realigning the customer development organization and developing joint business plans for new channel penetration and broader distribution.

◦ Unlock Trapped Capacity For Growth — Delivering savings from ongoing restructuring projects, working capital reductions and simplification of business processes.

◦ Develop The Team For Growth — Driving a performance culture aligned to the business strategy and building a more global perspective and talent base.

◦ Extend Beyond Our Borders — Accelerating investments and growth in emerging markets.

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In implementing the tenets of its strategy, the Company is focused on Every Day Great Execution, or EDGE, to capitalize on and maximize the benefits of investment and growth opportunities and to optimize the cost structure of the business.

Organizational Structure

The Company’s core organizing concept is the global business unit (“GBU”) and each GBU supports one or more of the Company’s key brands worldwide, with a focus on developing and marketing differentiated products designed to meet consumers’ needs. The GBU structure positions the business units to leverage research and development, branding, marketing and innovation on a global basis and facilitates the Company’s objective of optimizing working capital and shared resources. As of September 30, 2012, the Company’s nine GBUs comprise the Company's three operating segments as follows:

Reportable Segments	GBU	Key Brands	Description of Primary Products
Newell Consumer	Home, Organization & Style	Rubbermaid®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; window treatments; hair care accessories
	Writing & Creative Expression	Sharpie®, Expo®, Paper Mate®	Writing instruments, including pens, pencils, markers and highlighters
	Fine Writing & Luxury Accessories	Parker®, Waterman®	Fine writing instruments and leather goods
	Culinary Lifestyles	Calphalon®	Gourmet cookware, bakeware, cutlery and small kitchen electrics
Newell Professional	Commercial Products	Rubbermaid® Commercial Products	Cleaning and refuse products, hygiene systems, material handling solutions and medical and computer carts, and wall-mounted work stations
	Construction Tools & Accessories	Irwin®, Shur-line®, Bulldog®	Hand tools and power tool accessories, manual paint applicators and convenience hardware
	Technology	Dymo®, Mimio®	Office technology solutions such as label makers and printers and interactive teaching solutions
	Industrial Products & Services	Lenox®	Industrial bandsaw blades, power tool accessories and cutting tools for pipes and HVAC systems
Baby & Parenting	Baby & Parenting	Graco®, Aprica®	Infant and juvenile products such as car seats, strollers, highchairs, and playards

In October 2012, the Company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the Company's Consumer and Professional groups will be eliminated and the Company's nine global business units will be streamlined into six business segments. The six business segments and the brands included in each of the six business segments are as follows:

• Tools: Irwin® and Lenox® tools and Dymo® industrial

• Commercial Products: Rubbermaid Commercial Products® and Rubbermaid® Healthcare

• Writing: Sharpie®, Paper Mate®, Expo®, Prismacolor®, Parker® and Waterman®

• Baby & Parenting: Graco®, Aprica® and Teutonia®

• Home Solutions: Rubbermaid®, Calphalon®, Levolor®, Kirsch® and Goody®

• Specialty: Bulldog®, Ashland®, Shur-Line®, Dymo® office, Endicia® and Mimio®

The Company will begin reporting under the new structure in the fourth quarter of 2012.

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Market and Performance Overview

The Company operates in the consumer and commercial products markets, which are generally impacted by overall economic conditions in the regions in which the Company operates. The Company’s results for the first nine months of 2012 were impacted by the following factors:

• Core sales, which exclude foreign currency, increased 2.2% in the first nine months of 2012 compared to the same period last year. New products, geographic expansion and core sales growth in emerging markets were the primary drivers of the core sales growth, with double-digit core sales growth in Latin America and Asia Pacific. Deteriorating macroeconomic conditions in Western Europe and lower merchandising in Europe in advance of the SAP go-live adversely impacted core sales and were the primary drivers of a 4.7% core sales decline in the Europe, Middle East, and Africa region.

• Core sales increased 4.3% in Newell Professional, with growth across the segment led by high-single-digit growth in the Industrial Products & Services GBU and mid-single-digit growth in the Commercial Products and Construction Tools & Accessories GBUs. Core sales grew 11.2% in Baby & Parenting, with improved retail-level sales in North America and sustained momentum in the Asia Pacific region. Newell Consumer realized a core sales decline of 1.2%, primarily due to continued operational challenges in the Décor business (Levolor window treatments) within the Home, Organization & Style GBU and challenges in the Culinary and Décor businesses related to a change in merchandising strategy at a significant retail customer.

• Input and sourced product cost inflation was more than offset by pricing and productivity which resulted in a 50 basis point improvement in gross margins compared to the same period in 2011. The Company's gross margins increased despite continued operational challenges in the Décor business within the Home, Organization & Style GBU and pressures due to uncertain macroeconomic conditions in Western Europe.

• Continued focused spend for strategic SG&A activities to drive sales, enhance the new product pipeline, develop growth platforms and expand geographically. During the first nine months of 2012, the Company’s spend for strategic brand-building and consumer demand creation and commercialization activities included spend for the following:

• Continued investments to support the global roll out of Paper Mate^®’s InkJoy^® line of writing instruments, which feature innovative ultra-low viscosity ink for a smooth writing experience;

• Continued expansion of dedicated Parker^® “shop-in-shop” retail outlets in China and other regions to enhance in-store merchandising;

• Expanded the launch of the Parker^® Ingenuity Collection featuring Parker 5th™ Technology into Japan and China in the first half of 2012;

• Continued support for “Irwinization” marketing and merchandising initiatives, including the Irwin National Tradesmen Day, “Blue wall” and other merchandising vehicles that get the Irwin^® brand and new innovations in front of contractors in a more effective way;

• Launched Irwin^® 2500 Series Level featuring a robust new frame design that enables guaranteed vial accuracy for the life of the product;

• Expanded the sales forces in the Industrial Products & Services, Construction Tools & Accessories, Fine Writing & Luxury Accessories, and Commercial Products GBUs to drive greater sales penetration, enhance the availability of products and to support geographic expansion;

• Supported new innovations in Baby & Parenting, including the Graco^® Fast-Action and Ready2Grow™ travel systems which are driving significant market share gains; and,

• Supported the launch of the Rubbermaid^® Clean & Dry Plunger with NeverWet™ nanotech coating which forms a shield that repels water, Rubbermaid^® Bathroom Scrubbers with four tools to choose from, and Rubbermaid^® LunchBlox™ – a collection of customizable, modular food storage containers that snap together to save space and stay organized in lunch bags.

• Continued the execution of Project Renewal to simplify the business, reduce structural costs and increase investment in the most significant growth platforms within the business.

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• Continued the execution of the European Transformation Plan, which includes projects designed to improve the financial performance of the European business and centralize decision making in the Geneva headquarters, and successfully went live with SAP in Europe in April 2012.

• Improved the Company's capital structure by completing the offering and sale of $500.0 million unsecured senior notes, consisting of $250.0 million principal amount of 2.0% notes due 2015 and $250.0 million principal amount of 4.0% notes due 2022, the aggregate proceeds of which were used in July 2012 to redeem the $436.7 million of outstanding 5.25% junior convertible subordinated debentures due December 2027 underlying the Company's 5.25% convertible preferred securities.

• Retired $250.0 million principal amount of the 6.75% medium-term notes (the "2012 Notes") upon maturity, for which interest expense was previously recorded at a rate of approximately 3.5% after contemplating the effect of the interest rate swap related to the 2012 Notes.

• Continued the $300.0 million three-year share repurchase plan that expires in August 2014, pursuant to which the Company repurchased and retired an additional 3.8 million shares of common stock for $67.2 million during the first nine months of 2012.

• Increased the Company's quarterly dividend by 25% from $0.08 per share to $0.10 per share, which took effect with the Company's dividend paid in June 2012.

In October 2012, the Company announced the expansion of Project Renewal such that the cumulative pretax costs of the expanded Project Renewal are now expected to be $340 to $375 million, with cash costs of $300 to $340 million and annualized savings of approximately $270 to $325 million. Project Renewal is expected to be complete by mid-2015.

In October 2012, the Company increased the quarterly dividend by 50% from $0.10 per share to $0.15 per share, effective with the Company's dividend payable in December 2012.

The Company expects its financial results for the remainder of 2012 could be impacted both positively and negatively by the continued momentum of the Company's growth businesses; the impact of macroeconomic, fiscal policy and political uncertainty in the U.S. and Western Europe; and, the degree to which the Company accelerates brand building investments.

Projects and Initiatives

Project Renewal

In October 2011, the Company launched Project Renewal, a program designed to reduce the complexity of the organization and increase investment in the most significant growth platforms within the business, funded by a reduction in structural selling, general & administrative ("SG&A") costs. Cost savings from the program are expected to be achieved in large part through the consolidation of three operating groups into two — Newell Professional and Newell Consumer — and of 13 GBUs into nine, with the Baby & Parenting GBU operating as a stand-alone operating segment.

In connection with the program, the Company expected to incur cash costs of $75 to $90 million and record pretax restructuring charges in the range of $90 to $100 million, the majority of which were employee-related cash costs, including severance, retirement, and other termination benefits and costs. The consolidation of a limited number of manufacturing facilities and distribution centers has also been initiated as part of the program, with the goal of increasing operational efficiency, reducing costs, and improving gross margin, and the Company estimated a total net headcount reduction of approximately 500 resulting from Project Renewal.

During the first nine months of 2012, the Company continued the execution of the closure of the Newell Consumer segment's Greenville, Texas manufacturing facility aiming to consolidate operations of the facility into the Company's existing facilities in the states of Kansas and Ohio. The Company also began implementing a distribution center consolidation in the Newell Consumer segment as well as a project to align the Newell Consumer GBUs' sales and marketing organizations with the Company's newly created Customer Development Organization. In the Newell Professional segment, the Company began reorganizing its sales and marketing functions within certain GBUs, began a project to consolidate certain distribution operations and began a project to close one of its U.S. manufacturing facilities. Through September 30, 2012, the Company has incurred restructuring and restructuring-related charges of approximately $57 million and $7 million, respectively, under Project Renewal. Restructuring-related charges represent incremental SG&A expenses associated with the implementation of Project Renewal.

In October 2012, the Company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program,

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the Company's Consumer and Professional groups will be eliminated and the Company's nine global business units will be streamlined into six business segments. The Company expects to incur incremental cash costs of $225 to $250 million, approximately 80% of which are employee-related cash costs, including severance, retirement, and other termination benefits and costs, as the Company estimates that the expansion of Project Renewal will result in slightly over a 10% reduction in the global workforce by mid-2015. The Company also expects to record pretax restructuring charges in the range of $250 to $275 million over the same period. Cumulative pretax costs of the expanded Project Renewal are now expected to be $340 to $375 million, with cash costs of $300 to $340 million. Charges of between $55 and $70 million are expected to be incurred in 2012.

The expansion of Project Renewal is expected to generate annualized incremental cost savings of approximately $180 to $225 million. Project Renewal in total is expected to generate annualized costs savings of approximately $270 to $325 million when fully implemented by mid-2015, with annualized savings of $90 to $100 million expected by the first half of 2013. The majority of the savings will be reinvested in the business to unlock accelerated growth and to strengthen brand building and selling capabilities in priority markets around the world.

European Transformation Plan

In June 2010, the Company announced a program to simplify and centralize its European business (the “European Transformation Plan”). The European Transformation Plan includes initiatives designed to transform the European organizational structure and processes to centralize certain operating activities, improve performance, leverage the benefits of scale and to facilitate a more efficient and cost-effective implementation of SAP, an enterprise resource planning system, in Europe, all with the aim of increasing operating margin in the European region to approximately 10%.

The European Transformation Plan is expected to result in aggregate restructuring and other plan-related costs of $110 to $115 million. The European Transformation Plan is expected to be completed by the end of 2012 and is expected to result in cumulative restructuring charges totaling between $35 and $40 million, substantially all of which are employee-related cash costs, including severance, retirement, and other termination benefits and relocation costs. The Company also expects to incur an additional $75 to $80 million of incremental selling, general and administrative expenses, referred to herein as restructuring-related charges, to implement the European Transformation Plan. Through September 30, 2012, the Company has incurred cumulative restructuring and restructuring-related charges of approximately $31 million and $75 million, respectively, under the European Transformation Plan. The Company expects to realize cumulative annual after-tax savings of $55 to $65 million upon completion of the implementation of the European Transformation Plan, the majority of which have been realized and were included in the Company's 2011 operating results.

In April 2012, the Company migrated its enterprise resource planning systems in Europe to SAP and began operating in a centralized European business model. The new operating structure affected and is expected to continue to affect the Company's assessment of the realizability of certain income tax assets in Europe and the Company's uncertain income tax positions in Europe. These assessments adversely impacted the Company's income tax expense by $15 million in the first nine months of 2012, and ongoing assessments of these matters could favorably or unfavorably impact the Company's income tax expense in future periods. Since the Company reports sales and operating income based on the region from which the products are shipped and invoiced to external customers and the new model defines how certain regions import and export products, the new model impacted the regions in which the Company's sales and operating income are reported in the second and third quarters of 2012 and will continue to impact the comparability of the Company's geographic reporting for the remainder of 2012. Compared to prior periods, the new model generally results in the European region's sales and operating income being lower with corresponding increases in the Company's other regions.

One Newell Rubbermaid

The Company strives to leverage the common business activities and best practices of its GBUs, and to build one common culture of shared values with a focus on collaboration and teamwork. Through this initiative, the Company has established regional shared service centers to leverage nonmarket-facing functional capabilities to reduce costs. The Company is also migrating multiple legacy systems and users to a common SAP global information system platform in a phased, multi-year rollout. SAP is expected to enable the Company to integrate and manage its worldwide business and reporting processes more efficiently. Through September 30, 2012, the North American and European operations of substantially all of the Company's nine GBUs have successfully gone live with their SAP implementation efforts.

Foreign Currency – Venezuela

The Company began accounting for its Venezuelan operations using highly inflationary accounting in January 2010. Under highly inflationary accounting, the Company remeasures assets, liabilities, sales and expenses denominated in Bolivar Fuertes into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments are included in earnings. As of September 30, 2012, the Company’s Venezuelan subsidiary had approximately $60.3 million of net monetary assets denominated in Bolivar Fuertes at the SITME rate of 5.3 Bolivar Fuertes to U.S. Dollar, and as a result, a 10% increase (decrease) in the applicable exchange

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rate would result in a one-time estimated pretax charge (benefit) of $6 million. On an ongoing basis, excluding the impacts of any actions management might otherwise take in response to a change in exchange rates, such as raising or decreasing prices, a 10% increase (decrease) in the exchange rate would unfavorably (favorably) impact annual net sales and operating income by an estimated $5 million and $2 million, respectively.

Results of Operations

The following table sets forth for the periods indicated items from the Condensed Consolidated Statements of Operations as reported and as a percentage of net sales (in millions, except percentages):

	Three Months Ended September 30,										Nine Months Ended September 30,
	2012					2011					2012					2011
Net sales	$	1,535.3		100.0	%	$	1,549.9		100.0	%	$	4,383.9		100.0	%	$	4,369.4		100.0	%
Cost of products sold	953.0			62.1		970.6			62.6		2,709.8			61.8		2,720.8			62.3
Gross margin	582.3			37.9		579.3			37.4		1,674.1			38.2		1,648.6			37.7
Selling, general and administrative expenses	380.2			24.8		383.4			24.7		1,138.5			26.0		1,122.0			25.7
Impairment charges	—			—		382.6			24.7		—			—		382.6			8.8
Restructuring costs	13.7			0.9		5.5			0.4		37.5			0.9		12.3			0.3
Operating income (loss)	188.4			12.3		(192.2		)	(12.4	)	498.1			11.4		131.7			3.0
Nonoperating expenses:
Interest expense, net	18.0			1.2		21.8			1.4		58.7			1.3		65.0			1.5
Losses related to extinguishments of debt	6.8			0.4		—			—		6.8			0.2		4.8			0.1
Other (income) expense, net	(1.2		)	(0.1	)	6.0			0.4		(0.8		)	—		11.0			0.3
Net nonoperating expenses	23.6			1.5		27.8			1.8		64.7			1.5		80.8			1.8
Income (loss) before income taxes	164.8			10.7		(220.0		)	(14.2	)	433.4			9.9		50.9			1.2
Income tax expense (benefit)	58.2			3.8		(53.6		)	(3.5	)	135.7			3.1		(2.0		)	—
Income (loss) from continuing operations	106.6			6.9		(166.4		)	(10.7	)	297.7			6.8		52.9			1.2
Income (loss) from discontinued operations	1.7			0.1		(11.2		)	(0.7	)	1.7			—		(8.1		)	(0.2	)
Net income (loss)	$	108.3		7.1	%	$	(177.6	)	(11.5	)%	$	299.4		6.8	%	$	44.8		1.0	%

Three Months Ended September 30, 2012 vs. Three Months Ended September 30, 2011

Consolidated Operating Results:

Net sales for the three months ended September 30, 2012 were $1,535.3 million, representing a decrease of $14.6 million, or 0.9%, from $1,549.9 million for the three months ended September 30, 2011. The following table sets forth an analysis of changes in consolidated net sales for the three months ended September 30, 2012 as compared to the three months ended September 30, 2011 (in millions, except percentages):

Core sales	$	23.9		1.5	%
Foreign currency	(38.5		)	(2.4	)
Total change in net sales	$	(14.6	)	(0.9	)%

Core sales increased 1.5%, and foreign currency had the effect of decreasing net sales by 2.4%. Excluding foreign currency, sales in the Company’s North American and international businesses increased 1.1% and 2.8%, respectively. Core sales growth in North America was led by strong growth in the Newell Professional and Baby & Parenting segments as well as a successful back-to-school season for the Writing & Creative Expression GBU. These gains were offset by macroeconomic challenges in Western Europe for the Fine Writing GBU and challenges in the Culinary and Décor businesses related to a change in merchandising strategy by a significant retail customer. Internationally, Latin America and Asia Pacific reported double- and mid-single-digit core sales increases, respectively, which were partially offset by core sales declines in Europe.

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Gross margin, as a percentage of net sales, for the three months ended September 30, 2012 was 37.9%, or $582.3 million, versus 37.4%, or $579.3 million, for the three months ended September 30, 2011. The 50 basis point improvement in gross margin was attributable to the impacts of pricing actions realized during the quarter and productivity, partially offset by input and sourced product cost inflation. On an annualized basis, commodities consumed as raw materials generally represent approximately 10% to 15% of annual cost of products sold, with no single type of commodity representing more than 10% of cost of products sold.

SG&A expenses for the three months ended September 30, 2012 were 24.8% of net sales, or $380.2 million, versus 24.7% of net sales, or $383.4 million, for the three months ended September 30, 2011. In constant currency, SG&A expenses increased $8.1 million when compared to the third quarter of 2011 due to a $6.4 million increase in strategic spending directed towards organic growth in faster growing markets and new categories and other short-term strategic initiatives and an $11.0 million increase in annual incentive compensation costs, partially offset by savings due to structural cost savings initiatives, a $2.9 million decrease in restructuring-related costs compared to the same quarter in 2011, and $4.4 million of incremental costs associated with the Company's Chief Executive Officer transition in 2011 with no similar costs in 2012.

As a result of the Company's annual impairment testing of goodwill and indefinite-lived intangible assets in 2011, the Company recorded non-cash impairment charges of $382.6 million during the three months ended September 30, 2011, principally relating to the impairment of goodwill in the Company's Baby & Parenting and Hardware GBUs. There were no similar charges recorded during the three months ended September 30, 2012.

The Company recorded restructuring costs of $13.7 million and $5.5 million for the three months ended September 30, 2012 and 2011, respectively. The year-over-year increase in restructuring costs is primarily attributable to restructuring projects implemented under Project Renewal announced in October 2011, as well as restructuring costs incurred under the European Transformation Plan. The restructuring costs for the three months ended September 30, 2012 relate to Project Renewal and the European Transformation Plan and consisted of $11.5 million of employee severance, termination benefits and employee relocation costs and $2.2 million of exited contractual commitments and other restructuring costs. The restructuring costs for the three months ended September 30, 2011 relate to employee severance, termination benefits and employee relocation costs incurred in connection with the European Transformation Plan. See Footnote 4 of the Notes to Condensed Consolidated Financial Statements for further information.

Operating income for the three months ended September 30, 2012 was $188.4 million, or 12.3% of net sales, versus an operating loss of $192.2 million, or 12.4% of net sales, for the three months ended September 30, 2011. Excluding the impact of the $382.6 million of impairment charges, which were 24.7% of net sales, operating margin for the three months ended September 30, 2011 would be 12.3% of net sales, comparable to the 12.3% operating margin for the three months ended September 30, 2012.

Net nonoperating expenses for the three months ended September 30, 2012 were $23.6 million versus $27.8 million for the three months ended September 30, 2011. Interest expense for the three months ended September 30, 2012 was $18.0 million, a decrease of $3.8 million from $21.8 million for the three months ended September 30, 2011, primarily due to lower average debt levels. In addition, the Company incurred foreign currency transaction losses in the three months ended September 30, 2011 compared to foreign currency transaction gains in the three months ended September 30, 2012, as currencies generally appreciated against the U.S. Dollar during the three months ended September 30, 2012 compared to depreciating in the prior year period. During the three months ended September 30, 2012, the Company recognized $6.8 million of losses on extinguishment of debt primarily related to the redemption of $436.7 million outstanding principal amount of the junior convertible subordinated debentures underlying the Company's convertible preferred securities.

The Company recognized income tax expense of $58.2 million yielding an effective income tax rate of 35.3% for the three months ended September 30, 2012, compared to an income tax benefit of $53.6 million for the three months ended September 30, 2011. The increase in income tax expense is primarily attributable to pretax income in the third quarter of 2012 and a change in the geographical mix in earnings as well as $8.1 million of income tax expense attributable to charges resulting from tax contingencies and the expiration of various statutes of limitation and audit settlements. The Company incurred a pretax loss in the 2011 period, and the Company was able to benefit a portion of the $382.6 million impairment charges for tax purposes. Additionally, the income tax benefits in the third quarter of 2011 included the favorable impact of $28.2 million of benefits due to the reversal of accruals for certain tax contingencies, including interest and penalties, upon the expiration of various worldwide statutes of limitation.

Income (loss) from discontinued operations during the three months ended September 30, 2012 and 2011 primarily relates to the Company's hand torch and solder business which was sold on July 1, 2011. As of September 30, 2012, all conditions related to the escrow were satisfied and resolved, and the Company had received $7.8 million from the escrow and recognized the proceeds as a gain from the sale of the hand torch and solder business in discontinued operations. See Footnote 2 of the Notes to Condensed Consolidated Financial Statements for further information.

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Business Segment Operating Results:

Net sales by segment were as follows for the three months ended September 30, (in millions, except percentages):

	2012		2011		% Change
Newell Consumer	$	814.6	$	832.1	(2.1	)%
Newell Professional	535.4		541.6		(1.1	)
Baby & Parenting	185.3		176.2		5.2
Total net sales	$	1,535.3	$	1,549.9	(0.9	)%

The following table sets forth an analysis of changes in net sales in each segment for the three months ended September 30, 2012 as compared to the three months ended September 30, 2011:

	Newell Consumer		Newell Professional		Baby & Parenting
Core sales	(0.4	)%	2.5	%	7.8	%
Foreign currency	(1.7	)	(3.6	)	(2.6	)
Total change in net sales	(2.1	)%	(1.1	)%	5.2	%

Operating income (loss) by segment was as follows for the three months ended September 30, (in millions, except percentages):

	2012			2011			% Change
Newell Consumer (1)	$	137.9		$	128.8		7.1	%
Newell Professional	70.6			84.5			(16.4	)
Baby & Parenting	18.3			17.7			3.4
Impairment charges	—			(382.6		)	NM
Restructuring costs	(13.7		)	(5.5		)	(149.1	)
Corporate (2)	(24.7		)	(35.1		)	29.6
Total operating income (loss)	$	188.4		$	(192.2	)	NM

NM — Not Meaningful

(1) Includes $3.2 million of restructuring-related costs associated with Project Renewal for the three months ended September 30, 2012.

(2) Includes restructuring-related costs of $5.4 million and $11.5 million for the three months ended September 30, 2012 and 2011, respectively, associated with the European Transformation Plan.

Newell Consumer

Net sales for the three months ended September 30, 2012 were $814.6 million, a decrease of $17.5 million, or 2.1%, from $832.1 million for the three months ended September 30, 2011. Core sales decreased 0.4% driven by double- and mid-single-digit core sales declines in the Culinary Lifestyles and Home, Organization & Style GBUs largely due to a change in merchandising strategy by a significant retail customer. These core sales declines were partially offset by mid-single-digit core sales growth in the Writing & Creative Expression GBU due to a strong back-to-school season. Foreign currency had an unfavorable impact of 1.7%.

Operating income for the three months ended September 30, 2012 was $137.9 million, or 16.9% of net sales, an increase of $9.1 million, or 7.1%, from $128.8 million, or 15.5% of net sales, for the three months ended September 30, 2011. The 140 basis point improvement in operating margin is attributable to gross margin expansion, as productivity and pricing more than offset inflation and the impact of continued operational challenges in the Décor business. In constant currency, SG&A costs as a percentage of net sales declined 10 basis points as the deferral of brand building and structural SG&A investments was partially offset by Project Renewal restructuring-related costs in 2012.

Newell Professional

Net sales for the three months ended September 30, 2012 were $535.4 million, a decrease of $6.2 million, or 1.1%, from $541.6 million for the three months ended September 30, 2011. Core sales increased 2.5% driven by high-single-digit core sales growth in the Commercial Products GBU, partially offset by a low-single-digit decline in the Construction Tools & Accessories GBU. Foreign currency had an unfavorable impact of 3.6%.

Operating income for the three months ended September 30, 2012 was $70.6 million, or 13.2% of net sales, a decrease of $13.9 million, or 16.4%, from $84.5 million, or 15.6% of net sales, for the three months ended September 30, 2011. The 240 basis point decline in operating margin is attributable to higher SG&A costs. On a constant currency basis, SG&A as a percentage of net sales

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increased approximately 210 basis points primarily due to sustained investment in selling and marketing resources in certain Professional businesses.

Baby & Parenting

Net sales for the three months ended September 30, 2012 were $185.3 million, an increase of $9.1 million, or 5.2%, from $176.2 million for the three months ended September 30, 2011. Core sales increased 7.8%, driven primarily by stronger retail sales in the North American markets and continued growth in Asia Pacific attributable to new products. Foreign currency had an unfavorable impact of 2.6%.

Operating income for the three months ended September 30, 2012 was $18.3 million, or 9.9% of net sales, an increase of $0.6 million, or 3.4%, from $17.7 million, or 10.0% of net sales, for the three months ended September 30, 2011. The 10 basis point decrease in operating margin is primarily attributable to a 90 basis point increase in constant currency SG&A costs as a percentage of net sales due to increased brand building investments, partially offset by increased gross margins attributable to productivity.

Nine Months Ended September 30, 2012 vs. Nine Months Ended September 30, 2011

Consolidated Operating Results:

Net sales for the nine months ended September 30, 2012 were $4,383.9 million, representing an increase of $14.5 million, or 0.3%, from $4,369.4 million for the nine months ended September 30, 2011. The following table sets forth an analysis of changes in consolidated net sales for the nine months ended September 30, 2012 as compared to the nine months ended September 30, 2011 (in millions, except percentages):

Core sales	$	95.7		2.2	%
Foreign currency	(81.2		)	(1.9	)
Total change in net sales	$	14.5		0.3	%

Core sales increased 2.2% compared to the prior year driven by double-digit core sales growth in the Latin America and Asia Pacific regions across substantially all segments. The growth in emerging markets was partially offset by a decline in the Company's European business due to a challenging macroeconomic environment. Excluding foreign currency, sales in North America and international businesses increased 1.7% and 3.7%, respectively, versus the prior year. Foreign currency had the impact of reducing net sales by 1.9%.

Gross margin, as a percentage of net sales, for the nine months ended September 30, 2012 was 38.2%, or $1,674.1 million, versus 37.7% of net sales, or $1,648.6 million, for the nine months ended September 30, 2011. The primary driver of the 50 basis point gross margin increase was pricing and productivity, partially offset by input cost inflation.

SG&A expenses for the nine months ended September 30, 2012 were 26.0% of net sales, or $1,138.5 million, versus 25.7% of net sales, or $1,122.0 million, for the nine months ended September 30, 2011. In constant currency, SG&A expenses increased $40.1 million primarily due to $34.7 million of incremental investments in brand building and strategic SG&A activities to support new products, marketing initiatives, new market entries and global expansion, and a $6.7 million increase in structural SG&A due to increased annual incentive compensation offset by savings from structural cost savings initiatives and ongoing restructuring projects.

As a result of the Company's annual impairment testing of goodwill and indefinite-lived intangible assets in 2011, the Company recorded non-cash impairment charges of $382.6 million during the nine months ended September 30, 2011, principally relating to the impairment of goodwill in the Company's Baby & Parenting and Hardware GBUs. There were no similar charges recorded during the nine months ended September 30, 2012.

The Company recorded restructuring costs of $37.5 million and $12.3 million for the nine months ended September 30, 2012 and 2011, respectively. The year-over-year increase in restructuring costs was attributable to Project Renewal, which commenced in October 2011. The restructuring costs for the nine months ended September 30, 2012 relate to Project Renewal and the European Transformation Plan and consist of $27.5 million of employee severance, termination benefits and employee relocation costs and $10.0 million of exited contractual commitments and other restructuring costs. The $12.3 million of restructuring costs for the nine months ended September 30, 2011 relate to the European Transformation Plan and primarily consist of employee severance, termination benefits and employee relocation costs. See Footnote 4 of the Notes to Condensed Consolidated Financial Statements for further information.

Operating income for the nine months ended September 30, 2012 was 11.4% of net sales, or $498.1 million, versus 3.0% of net

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sales, or $131.7 million, for the nine months ended September 30, 2011. Excluding the impact of the $382.6 million of impairment charges, which were 8.8% of net sales, operating income for the nine months ended September 30, 2011 would be $514.3 million, or 11.8% of net sales, for the nine months ended September 30, 2011. The remaining 40 basis point decrease in operating margin is primarily attributable to the 30 basis point increase in constant currency SG&A costs as a percentage of net sales and the increase in European Transformation Plan and Project Renewal restructuring costs, partially offset by the 50 basis point increase in gross margin.

Net nonoperating expenses for the nine months ended September 30, 2012 were $64.7 million versus $80.8 million for the nine months ended September 30, 2011. Losses related to extinguishments of debt were $6.8 million for the nine months ended September 30, 2012 compared to $4.8 million in the 2011 period. Interest expense for the nine months ended September 30, 2012 was $58.7 million, a decrease of $6.3 million from $65.0 million for the nine months ended September 30, 2011, due to lower average debt levels in 2012. During the nine months ended September 30, 2012, the Company has recognized foreign exchange transactional gains of $2.1 million compared to foreign exchange losses of $11.3 million in the 2011 period, as currencies generally appreciated against the U.S. Dollar during the nine months ended September 30, 2012 compared to depreciating in the prior year period.

The Company recognized income tax expense of $135.7 million for the nine months ended September 30, 2012, compared to an income tax benefit of $2.0 million for the nine months ended September 30, 2011. The Company's effective tax rate was 31.3% for the nine months ended September 30, 2012. The change in income tax expense is primarily attributable to $19.2 million of income tax expense recorded during the nine months ended September 30, 2012 associated with tax contingencies and the expiration of various statutes of limitation and audit settlements. The tax benefit for the nine months ended September 30, 2011 was favorably impacted by the $49.0 million of benefits attributable to the reversal of taxes accrued for certain tax contingencies, including interest and penalties, upon the expiration of various worldwide statutes of limitation.

Income (loss) from discontinued operations during the nine months ended September 30, 2012 and 2011 primarily relates to the Company's hand torch and solder business which was sold on July 1, 2011. For the nine months ended September 30, 2012, the $1.7 million gain primarily relates to proceeds received from escrow related to the sale of the hand torch and solder business, and the $8.1 million loss for the nine months ended September 30, 2011 includes net income of $7.1 million on net sales of $53.8 million prior to the sale and a $15.2 million net loss recognized on the sale of the hand torch and solder business. See Footnote 2 of the Notes to Condensed Consolidated Financial Statements for further information.

Business Segment Operating Results:

Net sales by segment were as follows for the nine months ended September 30, (in millions, except percentages):

	2012		2011		% Change
Newell Consumer	$	2,262.6	$	2,322.3	(2.6	)%
Newell Professional	1,571.4		1,545.4		1.7
Baby & Parenting	549.9		501.7		9.6
Total net sales	$	4,383.9	$	4,369.4	0.3	%

The following table sets forth an analysis of changes in net sales in each segment for the nine months ended September 30, 2012 as compared to the nine months ended September 30, 2011:

	Newell Consumer		Newell Professional		Baby & Parenting
Core sales	(1.2	)%	4.3	%	11.2	%
Foreign currency	(1.4	)	(2.6	)	(1.6	)
Total change in net sales	(2.6	)%	1.7	%	9.6	%

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Operating income (loss) by segment was as follows for the nine months ended September 30, (in millions, except percentages):

	2012			2011			% Change
Newell Consumer (1)	$	359.0		$	363.1		(1.1	)%
Newell Professional	204.9			214.2			(4.3	)
Baby & Parenting	59.9			38.1			57.2
Impairment charges	—			(382.6		)	NM
Restructuring costs	(37.5		)	(12.3		)	NM
Corporate (2)	(88.2		)	(88.8		)	0.7
Total operating income	$	498.1		$	131.7		NM

NM — Not Meaningful

(1) Includes $3.2 million of restructuring-related costs associated with Project Renewal for the nine months ended September 30, 2012.

(2) Includes restructuring-related costs of $22.0 million and $25.8 million for the nine months ended September 30, 2012 and 2011, respectively, associated with the European Transformation Plan and $3.9 million of restructuring-related costs associated with Project Renewal for the nine months ended September 30, 2012.

Newell Consumer

Net sales for the nine months ended September 30, 2012 were $2,262.6 million, a decrease of $59.7 million, or 2.6%, from $2,322.3 million for the nine months ended September 30, 2011. Core sales decreased 1.2% primarily due to continuing challenges in the Décor business within the Home, Organization & Style GBU, a challenging macroeconomic environment in Western Europe which adversely impacted the Fine Writing & Luxury Accessories GBU and core sales declines in the Décor and Culinary Lifestyles businesses due to a change in merchandising strategy by a significant retail customer, partially offset by mid-single digit core sales growth in the Writing & Creative Expression GBU due to a strong back-to-school season. Foreign currency had an unfavorable impact of 1.4%.

Operating income for the nine months ended September 30, 2012 was $359.0 million, or 15.9% of net sales, a decrease of $4.1 million, or 1.1%, from $363.1 million, or 15.6% of net sales, for the nine months ended September 30, 2011. The 30 basis point increase in operating margin is primarily attributable to gross margin expansion, as pricing and productivity more than offset input cost inflation. In constant currency, SG&A costs as a percentage of net sales increased 30 basis points as higher brand building and ongoing strategic SG&A spending were partially offset by a reduction in structural SG&A driven by savings realized from Project Renewal and other structural SG&A cost savings initiatives.

Newell Professional

Net sales for the nine months ended September 30, 2012 were $1,571.4 million, an increase of $26.0 million, or 1.7%, from $1,545.4 million for the nine months ended September 30, 2011. Core sales increased 4.3% with growth across all GBUs, led by high-single-digit core sales growth in the Industrial Products & Services GBU and mid-single-digit core sales growth in the Commercial Products GBU. Foreign currency had an unfavorable impact of 2.6%.

Operating income for the nine months ended September 30, 2012 was $204.9 million, or 13.0% of net sales, a decrease of $9.3 million, or 4.3%, from $214.2 million, or 13.9% of net sales, for the nine months ended September 30, 2011. The decrease in operating margin is attributable to a 100 basis point increase in constant currency SG&A costs as a percentage of sales due to higher brand building and ongoing strategic SG&A spending, structural SG&A to support geographic expansion, and sustained investment in selling and marketing resources in certain Professional businesses.

Baby & Parenting

Net sales for the nine months ended September 30, 2012 were $549.9 million, an increase of $48.2 million, or 9.6%, from $501.7 million for the nine months ended September 30, 2011. Core sales increased 11.2%, which was primarily attributable to improvements in sales at the retail level in North America and sustained growth momentum in the Asia Pacific markets attributable to new products. Foreign currency had an unfavorable impact of 1.6%.

Operating income for the nine months ended September 30, 2012 was $59.9 million, or 10.9% of net sales, an increase of $21.8 million, or 57.2%, from $38.1 million, or 7.6% of net sales, for the nine months ended September 30, 2011. The 330 basis point increase in operating margin is attributable to gross margin improvements due to mix and productivity and SG&A expense leverage partially offset by input cost inflation. In constant currency, total SG&A costs remained relatively unchanged compared to the same period in 2011.

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Liquidity and Capital Resources

Cash and cash equivalents increased (decreased) as follows for the nine months ended September 30, (in millions):

	2012			2011
Cash provided by operating activities	$	357.2		$	279.8
Cash used in investing activities	(139.0		)	(139.4		)
Cash used in financing activities	(141.7		)	(142.2		)
Currency effect on cash and cash equivalents	3.4			1.1
Increase (decrease) in cash and cash equivalents	$	79.9		$	(0.7	)

In the cash flow statement, the changes in operating assets and liabilities are presented excluding the effects of changes in foreign currency exchange rates and the effects of acquisitions and divestitures. Accordingly, the amounts in the cash flow statement differ from changes in the operating assets and liabilities that are presented in the balance sheet.

Sources

Historically, the Company’s primary sources of liquidity and capital resources have included cash provided by operations, proceeds from divestitures, issuance of debt and use of available borrowing facilities.

Cash provided by operating activities for the nine months ended September 30, 2012 was $357.2 million compared to $279.8 million for the nine months ended September 30, 2011. This improvement is primarily attributable to lower incentive compensation and customer program payments made in 2012, partially offset by increased contributions to the Company's U.S. pension and other retirement plans in 2012.

In July 2011, the Company sold its hand torch and solder business to an affiliate of Worthington Industries, Inc. ("Worthington") for cash consideration of $51.0 million, $8.0 million of which were held in escrow of which $7.8 million was released during the nine months ended September 30, 2012. The proceeds from the sale are presented as proceeds from sales of noncurrent assets.

During the nine months ended September 30, 2012, the Company obtained net proceeds of $186.4 million from its short-term borrowing arrangements, including commercial paper and its receivables facility, and this compared to $98.9 million of net proceeds from these borrowing arrangements in the nine months ended September 30, 2011. The Company's short-term borrowings, which include commercial paper and receivables financing facility, were $291.0 million at September 30, 2012 compared to $236.9 million at September 30, 2011. The increase in short-term borrowings is primarily due to the redemption of the 5.25% Junior Convertible Subordinated Debentures (the "Debentures") in July 2012 and the repayment of $250.0 million of medium-term notes that matured in the first quarter of 2012, partially offset by a portion of the proceeds from the issuance of long-term debt during the second quarter of 2012. In June 2012, the Company completed the offering and sale of $500.0 million of unsecured senior notes, consisting of $250.0 million aggregate principal amount of 2.0% notes due 2015 (the "2015 Notes") and $250.0 million aggregate principal amount of 4.0% notes due 2022 (the "2022 Notes" and, together with the 2015 Notes, the "Notes"). The aggregate net proceeds from the Notes were $495.1 million, which were used in July 2012 to fund the redemption of all of the $436.7 million outstanding principal amount of the Debentures that underlie the convertible preferred securities (the "Preferred Securities"), to reduce short-term borrowings and for general corporate purposes.

Uses

Historically, the Company’s primary uses of liquidity and capital resources have included capital expenditures, payments on debt, dividend payments, share repurchases and acquisitions.

During the nine months ended September 30, 2012, the Company retired the $250.0 million outstanding principal amount of the 6.75% medium-term notes (the "2012 Notes") at maturity in March 2012, for which interest expense was previously recorded at a rate of approximately 3.5% after contemplating the effect of the interest rate swap related to the 2012 Notes. In July 2012, the Company redeemed the $436.7 million outstanding principal amount of the Debentures that underlie the Preferred Securities. During the third quarter of 2012, the Company repaid an additional $8.5 million outstanding principal amount of the extant 6.11% medium-term notes due 2028 (the "2028 Notes"). The Company used a combination of short-term borrowings and proceeds from the Notes to repay the 2012 Notes, the 2028 Notes and the Debentures.

Aggregate dividends paid were $82.4 million and $61.6 million for the nine months ended September 30, 2012 and 2011, respectively. The Company’s Board of Directors approved a 25% increase in the Company’s quarterly dividend from $0.08 per share to $0.10 per share, effective with the quarterly dividend paid in June 2012.

In August 2011, the Company announced a $300.0 million share repurchase program (the "SRP"). The SRP is authorized to run

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for a period of three years ending in August 2014. During the nine months ended September 30, 2012, the Company repurchased and retired approximately 3.8 million shares pursuant to the SRP for $67.2 million.

Capital expenditures were $130.2 million and $151.2 million for the nine months ended September 30, 2012 and 2011, respectively. The largest single capital project in both nine month periods was the implementation of SAP, which represented $30.7 million and $44.3 million of capital expenditures for the nine months ended September 30, 2012 and 2011, respectively.

Cash paid for restructuring activities was $31.9 million and $26.5 million for the nine months ended September 30, 2012 and 2011, respectively, and is included in the cash provided by operating activities. These payments relate primarily to employee severance, termination benefits and relocation costs, and exited contractual commitments and other charges.

Cash Conversion Cycle

The Company defines its cash conversion cycle as the sum of inventory and accounts receivable days outstanding (based on cost of products sold and net sales, respectively, for the most recent three-month period, including discontinued operations) minus accounts payable days outstanding (based on cost of products sold for the most recent three-month period, including discontinued operations) at the end of the quarter.

The following table depicts the Company’s cash conversion cycle for the periods presented (in number of days):

	September 30, 2012		December 31, 2011		September 30, 2011
Accounts receivable	64		61		58
Inventory	79		68		82
Accounts payable	(51	)	(46	)	(49	)
Cash conversion cycle	92		83		91

The Company’s cash conversion cycle is impacted by the seasonality of its businesses and generally tends to be longer in the first and second quarters, based on historical trends, due to inventory build-ups early in the year for seasonal sales activity and credit terms provided to customers. The Company continues to leverage SAP in North America and Europe to improve working capital.

Financial Position

The Company is committed to maintaining a strong financial position through maintaining sufficient levels of available liquidity, managing working capital, and monitoring the Company’s overall capitalization.

• Cash and cash equivalents at September 30, 2012 were $250.1 million, and the Company had $713.3 million of available borrowing capacity under the $800.0 million unsecured syndicated revolving credit facility.

• Working capital at September 30, 2012 was $278.1 million compared to $487.1 million at December 31, 2011, and the current ratio at September 30, 2012 was 1.13:1 compared to 1.29:1 at December 31, 2011. The decrease in working capital and the current ratio is primarily attributable to the increase in current portion of long-term debt compared to December 31, 2011, since the current portion of long-term debt at September 30, 2012 includes $500.0 million of medium-term notes maturing in April 2013, compared to only $250.0 million of medium-term notes classified as current portion of long-term debt at December 31, 2011.

• The Company monitors its overall capitalization by evaluating net debt to total capitalization. Net debt to total capitalization is defined as the sum of short- and long-term debt, less cash, divided by the sum of total debt and stockholders’ equity, less cash. Net debt to total capitalization was 0.48:1 at September 30, 2012 and 0.52:1 at December 31, 2011.

Over the long-term, the Company plans to improve its current ratio and net debt to total capitalization by improving operating results, managing working capital and using cash generated from operations to fund growth initiatives. The Company has from time to time refinanced, redeemed or repurchased its debt and taken other steps to reduce its debt or lease obligations or otherwise improve its overall financial position and balance sheet. Going forward, depending on market conditions, its cash positions and other considerations, the Company may continue to take such actions.

Borrowing Arrangements

In December 2011, the Company entered into a five-year credit agreement (the "Credit Agreement") with a syndicate of banks. The Credit Agreement provides for an unsecured syndicated revolving credit facility with a maturity date of December 2, 2016, and an aggregate commitment at any time outstanding of up to $800.0 million (the "Facility"). The Facility is intended to be used

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for general corporate purposes and, in addition, provides the committed backup liquidity required to issue commercial paper. Accordingly, commercial paper may be issued only up to the amount available for borrowing under the Facility. The Facility also provides for the issuance of up to $100.0 million of letters of credit, so long as there is a sufficient amount available for borrowing under the Facility. In addition to the committed portion of the Facility, the Credit Agreement provides for extensions of competitive bid loans from one or more lenders (at the lenders' discretion) of up to $500.0 million, which are not a utilization of the amount available for borrowing under the Facility. As of September 30, 2012, there were no borrowings or standby letters of credit issued or outstanding under the Facility while commercial paper obligations outstanding were $86.7 million, resulting in $713.3 million of borrowing capacity available under the Facility.

In September 2012, the Company renewed its 364-day receivables financing facility such that it expires in September 2013. The receivables facility provides for maximum borrowings of up to $200.0 million, and as of September 30, 2012, the Company had outstanding borrowings of $200.0 million under the receivables facility.

The following table presents the maximum and average daily borrowings outstanding under the Company’s short-term borrowing arrangements during the nine months ended September 30, (in millions):

	2012				2011
Short-term Borrowing Arrangement	Maximum		Average		Maximum		Average
Commercial paper	$	392.8	$	206.9	$	214.5	$	95.1
Receivables financing facility	200.0		123.9		200.0		160.6

The indentures governing the Company’s medium-term notes contain usual and customary nonfinancial covenants. The Company’s borrowing arrangements other than the medium-term notes contain usual and customary nonfinancial covenants and certain financial covenants, including minimum interest coverage and maximum debt-to-total-capitalization ratios. As defined by the agreements governing the borrowing arrangements, minimum interest coverage ratio is computed as adjusted Earnings before Interest, Taxes, Depreciation and Amortization (“EBITDA”) divided by adjusted interest expense for the four most recent quarterly periods. Generally, maximum debt-to-total-capitalization is calculated as the sum of short-term and long-term debt divided by the sum of (i) total debt, (ii) total stockholders’ equity and (iii) a specified dollar amount ranging from $550.0 million to $750.0 million related to impairment charges incurred by the Company. As of September 30, 2012, the Company had complied with all covenants under the indentures and its other borrowing arrangements, and the Company could access the full borrowing capacity available under the Facility, and utilize the $713.3 million for general corporate purposes without exceeding the debt-to-total-capitalization limits in its financial covenants. A failure to maintain the financial covenants would impair the Company’s ability to borrow under the Facility and the receivables facility and may result in the acceleration of the repayment of certain indebtedness.

Debt

The Company has varying needs for short-term working capital financing as a result of the seasonal nature of its business. The volume and timing of production impacts the Company’s cash flows and has historically involved increased production in the first quarter of the year to meet increased customer demand through the remainder of the year. Working capital fluctuations have historically been financed through short-term financing arrangements, such as commercial paper or borrowings under the Facility or the receivables facility.

Total debt was $2.2 billion as of September 30, 2012 and December 31, 2011. During the nine months ended September 30, 2012, the Company repaid the $250.0 million outstanding principal amount of the 6.75% medium-term notes due March 2012 at maturity and retired an additional $8.5 million outstanding principal amount of the extant 6.11% senior notes due 2028. As of September 30, 2012, the current portion of long-term debt and short-term debt totaled $798.0 million, including $500.0 million principal amount of the 5.5% senior notes due April 2013, $200.0 million of borrowings under the receivables facility and $86.7 million of commercial paper obligations.

In June 2012, the Company completed the offering and sale of the Notes. The aggregate net proceeds from the Notes were $495.1 million, which were used to fund the redemption of all of the $436.7 million outstanding amount of the Debentures in July 2012, to reduce short-term borrowings and for general corporate purposes.

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The following table presents the average outstanding debt and weighted average interest rates (in millions, except percentages):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Average outstanding debt	$	2,210.4		$	2,374.1		$	2,227.1		$	2,401.8
Average interest rate (1)	3.3		%	3.6		%	3.6		%	3.6		%

(1) The average interest rate includes the impacts of outstanding and previously-settled fixed-for-floating interest rate swaps.

The Company’s floating-rate debt, which includes medium-term notes that are subject to fixed-for-floating interest rate swaps, was 26.7% and 17.7% of total debt as of September 30, 2012 and December 31, 2011, respectively. The increase in floating-rate debt is primarily due to an increase of $186.7 million in short-term debt outstanding at September 30, 2012 compared to December 31, 2011. See Footnote 6 of the Notes to Condensed Consolidated Financial Statements for further information.

Pension and Other Obligations

The Company has adopted and sponsors pension plans in the U.S. and in various other countries. The Company’s ongoing funding requirements for its pension plans are largely dependent on the value of each of the plan’s assets and the investment returns realized on plan assets as well as prevailing market rates of interest.

Future increases or decreases in pension liabilities and required cash contributions are highly dependent on changes in interest rates and the actual return on plan assets. The Company determines its plan asset investment mix, in part, on the duration of each plan’s liabilities. To the extent each plan’s assets decline in value or do not generate the returns expected by the Company or interest rates decline further, the Company may be required to make contributions to the pension plans to ensure the pension obligations are adequately funded as required by law or mandate. During the nine months ended September 30, 2012, the Company contributed $40.7 million to its U.S. pension plan, a majority of which was required to be contributed based on the funded status of the plan.

Dividends

The Company’s Board of Directors approved a 25% increase in the Company’s quarterly dividend from $0.08 per share to $0.10 per share, effective with the quarterly dividend paid in June 2012. In October 2012, the Company's Board of Directors approved a 50% increase in the Company’s quarterly dividend from $0.10 per share to $0.15 per share, effective with the quarterly dividend payable in December 2012. The Company intends to maintain dividends at a level such that operating cash flows can be used to fund growth initiatives and restructuring activities, and at the Company's discretion, to repay outstanding debt.

The payment of dividends to holders of the Company’s common stock remains at the discretion of the Board of Directors and will depend upon many factors, including the Company’s financial condition, earnings, legal requirements, payout ratio and other factors the Board of Directors deems relevant.

Share Repurchase Program

In August 2011, the Company announced a $300.0 million share repurchase program (the "SRP"). Under the SRP, the Company may repurchase its own shares of common stock through a combination of a 10b5-1 automatic trading plan, discretionary market purchases or in privately negotiated transactions. The SRP is authorized to run for a period of three years ending in August 2014. During the nine months ended September 30, 2012, the Company repurchased 3.8 million shares pursuant to the SRP for $67.2 million, and such shares were immediately retired. Since the SRP's inception, the Company has repurchased and retired a total of 7.2 million shares for $113.3 million. During October 2012, the Company purchased an additional 0.1 million shares at an aggregate cost of $1.2 million. The repurchase of additional shares will depend upon many factors, including the Company’s financial condition, liquidity and legal requirements.

Credit Ratings

The Company’s credit ratings are periodically reviewed by rating agencies. The Company’s current senior and short-term debt credit ratings from three major credit rating agencies are listed below:

	Senior Debt Credit Rating	Short-term Debt Credit Rating	Outlook
Moody’s Investors Service	Baa3	P-3	Stable
Standard & Poor’s	BBB-	A-3	Stable
Fitch Ratings	BBB	F-2	Stable

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Outlook

For the year ending December 31, 2012, the Company expects to generate cash flows from operations of $550 to $600 million after restructuring and restructuring-related cash payments of $110 to $120 million. The Company plans to fund capital expenditures of approximately $200 to $225 million, which include expenditures associated with the implementation of SAP in Europe.

Overall, the Company believes that available cash and cash equivalents, cash flows generated from future operations, access to capital markets, and availability under the Facility and receivables facility will be adequate to support the cash needs of existing businesses. The Company plans to use available cash, borrowing capacity, cash flows from future operations and alternative financing arrangements to repay debt maturities as they come due, including current portion of long-term debt of $507.0 million and short-term debt of $291.0 million, primarily representing borrowings outstanding under the receivables facility.

Contractual Obligations, Commitments and Off-Balance Sheet Arrangements

The Company has outstanding debt obligations maturing at various dates through 2028. During the nine months ended September 30, 2012, the Company completed the offering and sale of $500.0 million aggregate principal amount of unsecured senior notes due 2015 and 2022, and redeemed all of the $436.7 million outstanding 5.25% junior convertible subordinated debentures (the "Debentures") underlying the 5.25% convertible preferred securities. Additional details regarding the debt obligations are provided in Footnote 6 of the Notes to Condensed Consolidated Financial Statements.

The following table summarizes the effect the Company's outstanding debt obligations as of September 30, 2012 are expected to have on the Company's cash flows in the indicated period as well as the timing of interest payments on borrowings outstanding (in millions):

	Payments Due in Year Ending December 31,
	Total		2012 (1)		2013 and 2014		2015 and 2016		2017 and Later
Debt (2)	$	2,164.1	$	295.0	$	503.0	$	250.0	$	1,116.1
Interest on debt (3)	$	460.6	$	30.9	$	131.3	$	110.0	$	188.4

(1) Includes $200.0 million in borrowings under the receivables facility that the Company intends to repay before maturity in September 2013 and $86.7 million of commercial paper outstanding at September 30, 2012.

(2) Amounts represent contractual obligations based on the earliest date the obligation may become due, excluding interest, based on borrowings outstanding as of September 30, 2012. For further information relating to these obligations, see Footnote 6 of the Notes to Condensed Consolidated Financial Statements.

(3) Interest on floating rate debt was estimated using the rate in effect as of September 30, 2012.

Except as noted below, there were no material changes to the Company's other commitments and obligations, including lease commitments and purchase obligations, during the three and nine months ended September 30, 2012.

During the nine months ended September 30, 2012, the Company entered into new real estate leases with initial or extended terms ranging from 5 to 10 years that increases the Company's lease commitments by approximately $85.6 million compared to the $408.2 million of lease commitments disclosed in the Company's Form 10-K for the year ended December 31, 2011.

Critical Accounting Policies

Goodwill and Other Indefinite-Lived Intangible Assets

Goodwill

The Company performs its annual impairment testing of goodwill at a reporting unit level, and all of the Company's goodwill is assigned to the Company's reporting units. Reporting units, which are referred to as the Company's Global Business Units (“GBU”), are one level below the operating segment level. The GBU is the Company's core organizing concept, and each GBU supports one or more of the Company's key brands worldwide. Effective January 1, 2012, the Company, as part of Project Renewal, implemented certain changes to its organizational structure that resulted in the consolidation of the Company's 13 global business units ("GBU") into nine; and, as a result, the Company performed its annual goodwill impairment testing for the nine GBUs. Acquired businesses, if any, including goodwill arising from such transactions, are integrated into the Company's existing reporting units.

As of July 1, 2012, the Company had nine reporting units with total goodwill of $2.4 billion. Four of the Company's nine reporting units accounted for over 70 percent of the Company's total goodwill. These four reporting units were as follows: Writing & Creative Expression; Commercial Products; Technology; and Industrial Products & Services.

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The Company conducts its annual test of impairment of goodwill as of the first day of the third quarter because it generally coincides with its annual strategic planning process. The Company also tests for impairment if events and circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. For example, if macroeconomic factors, such as consumer demand and consumer confidence, deteriorate materially such that the Company's reporting units' projected sales and operating income decline significantly relative to previous estimates, the Company will perform an interim test to assess whether goodwill is impaired. Other than the annual impairment test, the Company determined that no tests of impairment were necessary during the first nine months of 2012.

In the Company's goodwill impairment testing, if the carrying amount of a reporting unit is greater than its fair value, impairment may be present. Estimates made by management in performing its impairment testing may impact whether or not an impairment charge is necessary and the magnitude of the corresponding impairment charge to the extent one is recorded. The Company uses multiple valuation approaches in its impairment testing, each of which requires estimates to arrive at an estimate of fair value. For the Company's reporting units that are stable businesses and have a history of generating positive operating income and cash flows, the Company relies on a multiple of earnings approach to assess fair value. The material assumptions used to value a reporting unit using this approach are the reporting units' estimated financial performance for the remainder of the year and the applicable multiple to apply to earnings before interest, taxes, depreciation and amortization (“EBITDA”). The estimated financial performance for the remainder of the year is based on the Company's internal forecasting process. To determine the EBITDA multiple, the Company obtains information from third parties on EBITDA multiples observed for recent acquisitions and other transactions in the marketplace for comparable businesses. The Company also evaluates the EBITDA multiples of publicly traded companies that are in the same industry and are comparable to each reporting unit and compares the EBITDA multiples of the publicly traded companies to the multiples used by the Company to estimate the fair value of each reporting unit. The Company evaluates the EBITDA multiples used to value the reporting units relative to the Company's market capitalization plus an equity control premium. The equity control premium is defined as the sum of the individual reporting units' estimated market values compared to the Company's market value, with the sum of the individual values typically being larger than the market value of the Company. The Company considers premiums paid by acquirers of comparable businesses to determine the reasonableness of the implied control premium.

The EBITDA multiple observed in the marketplace for publicly traded companies that are comparable to the reporting units ranged from 6 to 10. In using the EBITDA multiples, the Company compared the aggregate value of all reporting units to the Company's total market value to validate the aggregate values of the reporting units resulted in a reasonable implied equity control premium. The Company considers several factors in estimating the EBITDA multiple applicable to each reporting unit, including the reporting unit's market position, brand awareness, gross and operating income margins, and prospects for growth, among other factors. After adjusting the EBITDA multiples for the reporting units, no potential goodwill impairment was indicated for reporting units for which this approach was used. Furthermore, the Company's equity market value at July 1, 2012 of approximately $5.3 billion was significantly in excess of its book value of stockholders' equity of approximately $2.0 billion. For the impairment test as of July 1, 2012, if each reporting unit's EBITDA multiple were reduced by 1.0 from the 6 to 10 multiple used for each reporting unit, all reporting units where the EBITDA multiple approach was used to value the reporting unit would have passed step one of the goodwill impairment test.

The Company relies on a discounted cash flow approach to value reporting units in certain circumstances, such as when the reporting unit is growing at a significantly slower rate than planned, is declining at a significantly faster rate than the overall market, has experienced significant losses, is in a stage of hyper-growth, is executing significant restructuring efforts, or is in a stage of development where it has not yet fully realized the benefits of scale and operating efficiencies. The Company used the discounted cash flow approach to value the Technology reporting unit for the annual impairment test as of July 1, 2012. The material assumptions used to value a reporting unit using the discounted cash flow approach are the future financial performance and cash flows of the reporting unit, the discount rate, long-term sales growth rate, and the working capital investment required. Estimates of future financial performance include estimates of future sales growth rates, raw material and sourced product costs, currency fluctuations, and operating efficiencies to be realized. The Company determines a discount rate based on an estimate of a reasonable risk-adjusted return an investor would expect to realize on an investment in the reporting unit. In using the discounted cash flow approach to value the Technology reporting unit in 2012, the Company used an average compound long-term sales growth rate of 2%, average operating margins generally ranging from 14% to 18%, and a discount rate of 12%. The Company concluded that the Technology reporting unit passed step one of the goodwill impairment test based on the estimated fair value determined using the discounted cash flow approach.

If the discount rate used to estimate the fair value of the Technology reporting unit increased 100 basis points, the estimated fair value of the reporting unit would have declined by approximately $60 million and would have resulted in a fair value which was approximately 1% less than the net assets of the reporting unit. Additional valuation procedures would have been required to determine whether the Technology reporting unit's goodwill was impaired, and to the extent goodwill was impaired, the magnitude

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of the impairment charge. The carrying amount of goodwill assigned to the Technology reporting unit was approximately $360 million as of July 1, 2012.

The Company continues to implement specific restructuring projects and business and operational strategies to further strengthen the profitability of the Technology reporting unit. The Company continues to monitor whether these initiatives are being executed as planned and are successful in improving the financial performance of the reporting unit. To the extent the Company is not successful in implementing these projects and strategies, it is possible the Company would record goodwill impairment charges associated with the Technology reporting unit in future periods. The Technology reporting unit has been adversely affected by the decline in government spending and its impact on the classroom technology industry as well as weaker macroeconomic conditions throughout Western Europe.

Other than the Technology reporting unit, the Company has no reporting units whose estimated fair values at July 1, 2012 exceeded net assets by less than 10% of the reporting unit's net assets.

Indefinite-Lived Intangible Assets

The Company's indefinite-lived intangible assets totaled $310.1 million as of July 1, 2012. The Company adopted Accounting Standards Update ("ASU") 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment," which permits an entity to first perform a qualitative assessment to determine whether it is necessary to perform the quantitative impairment test. Under ASU 2012-02, the Company has an unconditional option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. Additionally, the Company may resume performing the qualitative assessment in any subsequent period.

In performing the qualitative assessment for each of the Company's indefinite-lived intangible assets, the Company considered events and circumstances that could affect the significant inputs used to determine the fair value of the indefinite-lived intangible asset, including factors such as declines in actual or planned revenue or negative or declining cash flows; input cost inflation that may have a negative effect on future cash flows; legal, regulatory, contractual, political, business or other factors; and, other entity-specific events such as changes in management, key personnel, strategy or customers. Based on the qualitative assessment, if the Company was unable to assert that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the Company would proceed with the quantitative impairment test for such asset.

For the quantitative impairment test, the Company estimates the fair value of its indefinite-lived intangible assets by employing a discounted cash flow model using the relief-from-royalty method, which estimates royalties to be derived in the future use of the asset were the Company to license the use of the trade name. An impairment charge for indefinite-lived intangible assets is recorded if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value on the measurement date.

The Company completed its annual impairment test of indefinite-lived intangible assets as of July 1, 2012 and determined that none of its indefinite-lived intangible assets were impaired.

The Company considers qualitative and quantitative factors in determining whether impairment testing of the trademark and trade name assets is necessary at dates other than the annual impairment testing date, such as whether the Company has plans to abandon or significantly reduce the use of a trademark or trade name. Based on consideration of these factors, the Company determined that no impairment indicators have been present, and therefore, impairment testing as of a date other than July 1, 2012 was not required during the first nine months of 2012.

Potential for Future Impairments

The Company had nine reporting units with total goodwill of $2.4 billion as of September 30, 2012. Four of the Company's nine reporting units accounted for approximately 73 percent of the Company's total goodwill. These four reporting units were as follows: Writing & Creative Expression; Commercial Products; Technology; and, Industrial Products & Services. The Company also had $311.1 million of indefinite-lived intangible assets as of September 30, 2012. The Company cannot predict the occurrence of events that might adversely affect the reported value of goodwill and other intangible assets. Such events may include, but are not limited to, strategic decisions made in response to economic and competitive conditions, the impact of the economic environment on the Company's customer base and net sales, a material negative change in its relationships with significant customers, or sustained declines in the Company's market capitalization relative to its reported stockholders' equity. The Company periodically evaluates the impact of economic and other conditions on the Company and its reporting units to assess whether impairment indicators are present. The Company may be required to perform additional impairment tests based on changes in the economic environment and other factors, which could result in impairment charges in the future. Although management cannot predict when improvements in macroeconomic conditions will occur, if consumer confidence and consumer spending decline significantly in the future or if commercial and industrial economic activity deteriorates significantly from current levels, it is reasonably likely the Company will be required to record impairment charges in the future.

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Forward-Looking Statements

Forward-looking statements in this Report are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to, but are not limited to, information or assumptions about the effects of sales (including pricing), income/(loss), earnings per share, return on equity, return on invested capital, operating income, operating margin or gross margin improvements or declines, Project Renewal, the European Transformation Plan, capital and other expenditures, working capital, cash flow, dividends, capital structure, debt to capitalization ratios, debt ratings, availability of financing, interest rates, restructuring and restructuring-related costs, impairment and other charges, potential losses on divestitures, impacts of changes in accounting standards, pending legal proceedings and claims (including environmental matters), future economic performance, costs and cost savings (including raw material and sourced product inflation, productivity and streamlining), synergies, management’s plans, goals and objectives for future operations, performance and growth or the assumptions relating to any of the forward-looking statements. These statements generally are accompanied by words such as “intend,” “anticipate,” “believe,” “estimate,” “project,” “target,” “plan,” “expect,” “will,” “should,” “would” or similar statements. The Company cautions that forward-looking statements are not guarantees because there are inherent difficulties in predicting future results. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, the Company’s dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers’ strong bargaining power; changes in the prices of raw materials and sourced products and the Company’s ability to obtain raw materials and sourced products in a timely manner from suppliers; the Company’s ability to develop innovative new products and to develop, maintain and strengthen its end-user brands; the Company’s ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; the Company’s ability to implement successfully information technology solutions throughout its organization; the Company’s ability to improve productivity and streamline operations; changes to the Company’s credit ratings; significant increases in the funding obligations related to the Company’s pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than the Company’s provisions for such matters; the risks inherent in the Company’s foreign operations and those matters set forth in this Report generally and Exhibit 99.1 to this Report. In addition, there can be no assurance that the Company has correctly identified and assessed all of the factors affecting the Company or that the publicly available and other information the Company receives with respect to these factors is complete or correct.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

The Company has no material changes to the disclosure on this matter made in its Annual Report on Form 10-K for the year ended December 31, 2011.

Item 4. Controls and Procedures

As of September 30, 2012, an evaluation was performed by the Company’s management, under the supervision and with the participation of the Company’s chief executive officer and chief financial officer, of the effectiveness of the Company’s disclosure controls and procedures. Based on that evaluation, the chief executive officer and the chief financial officer concluded that the Company’s disclosure controls and procedures were effective.

There were no changes in the Company’s internal control over financial reporting that occurred during the quarter ended September 30, 2012 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. The Company is in the process of replacing various business information systems worldwide with an enterprise resource planning system from SAP. Implementation will continue to occur over several years in phases, primarily focused on geographic region and segment. This activity involves the migration of multiple legacy systems and users to a common SAP information platform. In addition, this conversion will impact certain interfaces with the Company’s customers and suppliers, resulting in changes to the tools the Company uses to take orders, procure materials, schedule production, remit billings, make payments and perform other business functions.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Information required under this Item is contained above in Part I. Financial Information, Item 1 and is incorporated herein by reference.

Item 1A. Risk Factors

The risk factors that affect the Company’s business and financial results are discussed in “ITEM 1A. RISK FACTORS” in the 2011 Annual Report on Form 10-K and there has been no material change to the risk factors disclosed in the Company's 2011 Annual Report on Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

ISSUER PURCHASES OF EQUITY SECURITIES

The following table provides information about the Company’s purchases of equity securities during the quarter ended September 30, 2012:

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)	Maximum  Approximate Dollar  Value of Shares that  May Yet Be Purchased  Under the Plans or  Programs (1)
7/1/12-7/31/12	524,716	(2)	$	17.83	492,800	$	203,804,121
8/1/12-8/31/12	914,836	(2)	17.27		903,372	188,204,009
9/1/12-9/30/12	79,816	(2)	18.89		78,800	186,714,922
Total	1,519,368		$	17.55	1,474,972	$	186,714,922

 __________________

(1) On August 12, 2011, the Company announced a $300.0 million share repurchase program (the "SRP"). Under the SRP, the Company may repurchase its own shares of common stock through a combination of a 10b5-1 automatic trading plan, discretionary market purchases or in privately negotiated transactions. The SRP is authorized to run through August 2014. The average per share purchase price for July, August and September 2012 were $17.82, $17.27 and $18.90, respectively.

(2) All shares purchased by the Company during the quarter ended September 30, 2012 other than those purchased under the SRP were acquired to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock units, which are repurchased by the Company based on their fair market value on the vesting date. In July, August and September 2012, in addition to the shares purchased under the SRP, the Company purchased 31,916 shares (average price:$18.01), 11,464 shares (average price: $17.15) and 1,016 shares (average price: $17.97), respectively, in connection with vesting of employees' stock-based awards.

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Item 6. Exhibits

10.1	Separation Agreement and General Release between the Company and Juan R. Figuereo, dated September 2, 2012 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated September 2, 2012).
10.2	Employment Security Agreement between the Company and Douglas L. Martin dated September 4, 2012.
10.3	Form of Agreement for Performance-Based Restricted Stock Unit Award Granted to Douglas L. Martin on September 28, 2012.
31.1	Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	Safe Harbor Statement.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		NEWELL RUBBERMAID INC.
		Registrant
Date:	November 6, 2012	/s/ Douglas L. Martin
		Douglas L. Martin
		Executive Vice President and Chief Financial Officer

Date:	November 6, 2012	/s/ John B. Ellis
		John B. Ellis
		Vice President – Corporate Controller and
		Chief Accounting Officer

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EX-10.2

Exhibit 10.2

AMENDED AND RESTATED

EMPLOYMENT SECURITY AGREEMENT

This Employment Security Agreement (“Agreement”) is entered into as of the 4th day of September, 2012 by and between Newell Rubbermaid Inc., a Delaware corporation (“Employer”), and Douglas L. Martin (“Executive”).

WITNESSETH:

WHEREAS, Executive is currently employed by Employer as Executive Vice President and Chief Financial Officer;

WHEREAS, Employer desires to provide certain security to Executive in connection with Executive's employment with Employer; and

WHEREAS, Executive and Employer are parties to an Employment Security Agreement dated as of September 30, 2008, which agreement is hereby amended, restated, and replaced in its entirety as set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

1.Definitions. For purposes of this Agreement, the following words shall have the meanings set forth below:

(a)“Affiliate” shall have the meaning set forth in Rule 12b-2 under the Securities Exchange Act of 1934.

(b)“Base Salary” shall mean Executive's annual base salary at the rate in effect on the date of a Change in Control, or if greater, the rate in effect immediately prior to Executive's termination of employment with Employer.

(c)“Bonus” shall mean an amount determined by multiplying Executive's Base Salary by the payout percentage that would apply to Executive based on (i) the job position held by Executive on the date of a Change in Control or the date of Executive's termination of employment with Employer (whichever position is higher at the time) and (ii) attainment of the targeted performance goals at a one hundred percent (100%) level, as determined under the Management Cash Bonus Plan of Employer, or any prior or successor plan or arrangement covering Executive (such amount to be determined regardless of whether Executive would otherwise be eligible for a Bonus under the terms of any such plan or arrangement or the extent to which the performance goals are actually met).

(d)“Code” means the Internal Revenue Code of 1986, as amended.

(e)“Change in Control” shall mean the occurrence of any of the following events:

(i) any individual, partnership, firm, corporation, association, trust, unincorporated organization, or other entity (other than Employer or a trustee or other fiduciary holding securities under an employee benefit plan of Employer), or any syndicate or group deemed to be a person under Section 14(d)(2) of the Securities Exchange Act of 1934, as amended (the

“Exchange Act”), is or becomes the “beneficial owner” (as defined in Rule 13d-3 of the General Rules and Regulations under the Exchange Act), directly or indirectly, of securities of Employer representing twenty-five percent (25%) or more of the combined voting power of Employer's then outstanding securities entitled to vote generally in the election of directors;

(ii) Employer is party to a merger, consolidation, reorganization, or other similar transaction with another corporation or other legal person unless, following such transaction, more than fifty percent (50%) of the combined voting power of the outstanding securities of the surviving, resulting, or acquiring corporation or person or its parent entity entitled to vote generally in the election of directors (or persons performing similar functions) is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners of Employer's outstanding securities entitled to vote generally in the election of directors immediately prior to such transaction, in substantially the same proportions as their ownership, immediately prior to such transaction, of Employer's outstanding securities entitled to vote generally in the election of directors;

(iii) Employer sells all or substantially all of its business and/or assets to another corporation or other legal person unless, following such sale, more than fifty percent (50%) of the combined voting power of the outstanding securities of the acquiring corporation or person or its parent entity entitled to vote generally in the election of directors (or persons performing similar functions) is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners of Employer's outstanding securities entitled to vote generally in the election of directors immediately prior to such sale, in substantially the same proportions as their ownership, immediately prior to such sale, of Employer's outstanding securities entitled to vote generally in the election of directors; or

(iv) during any period of two (2) consecutive years or less, individuals who at the beginning of such period constituted the Board of Directors of Employer (collectively, the “Board” and individually, a “Director”) (and any new Directors, whose appointment or election by the Board or nomination for election by Employer's stockholders was approved by a vote of at least two-thirds (2/3) of the Directors then still in office who either were Directors at the beginning of the period or whose appointment, election, or nomination for election was so approved) cease for any reason to constitute a majority of the Board.

(f)“Good Cause” shall exist if, and only if:

(i) Executive willfully engages in misconduct in the performance of his duties that causes material harm to Employer; or

(ii) Executive is convicted of a criminal violation involving fraud or dishonesty.

Without limiting the generality of the foregoing, the following shall not constitute Good Cause: the failure by Executive and/or Employer to attain financial or other business objectives; any personal or policy disagreement between Executive and Employer or any member of the Board of Employer; or any action taken by Executive in connection with his duties if Executive acted in good faith and in a manner he reasonably believed to be in, and not opposed to, the best interest of Employer and had no reasonable cause to believe his conduct was improper. Notwithstanding anything herein to the contrary, in the event Employer terminates the employment of Executive for Good Cause hereunder, Employer shall give Executive at least thirty (30) days' prior written notice specifying in detail the reason or reasons for Executive's termination.

(g)“Good Reason” shall exist if, without Executive's written consent:

(i) there is a material change in the nature or the scope of Executive's authority or duties;

(ii) Executive is required to report (A) to an officer with a materially lesser position or title than the officer to whom Executive reported on the date of the Change in Control, if Executive is not the Chief Executive Officer of Employer, or (B) to other than the entire Board, if Executive is the Chief Executive Officer of Employer;

(iii) there is a material reduction in Executive's rate of base salary;

(iv) Employer changes by fifty (50) miles or more the principal location in which Executive is required to perform services;

(v) Employer terminates or materially amends, or terminates or materially restricts Executive's participation in, any Incentive Plan or Retirement Plan so that, when considered in the aggregate with any substitute Plan or Plans, the Incentive Plans and Retirement Plans in which he is participating materially fail to provide him with a level of benefits provided in the aggregate by such Incentive Plans or Retirement Plans prior to such termination or amendment, but expressly excluding any reduction in benefits that is both applicable equally to all senior executives of Employer who participate in the affected Incentive Plan(s) or Retirement Plan(s) and either (x) is made in connection with an extraordinary decline in Employer's earnings, share price, or public image, or (y) is undertaken in order to make such Incentive Plan(s) or Retirement Plan(s) consistent with the executive compensation programs of those companies with whom Employer competes for attracting/retaining executive talent; or

(vi) Employer materially breaches the provisions of this Agreement;

A termination of Executive's employment by Executive shall not be deemed to be for Good Reason unless (1) Executive gives notice to Employer of the existence of the event or condition constituting Good Reason within thirty (30) days after such event or condition initially occurs or exists; (2) the Employer fails to cure such event or condition within thirty (30) days after receiving such notice; and (3) Executive's “separation from service” within the meaning of Section 409A of the Code occurs not later than ninety (90) days after such event or condition initially occurs or exists (or, if earlier, the last day of the Term).

(h)“Incentive Plan” shall mean any incentive, bonus, equity-based, or similar plan or arrangement currently or hereafter made available by Employer or an Affiliate in which Executive is eligible to participate.

(i)“Retirement Plan” shall mean any qualified or supplemental defined benefit retirement plan or defined contribution retirement plan, currently or hereinafter made available by Employer or an Affiliate in which Executive is eligible to participate.

(j)“Severance Period” shall mean the period beginning on the date Executive's employment with Employer terminates under circumstances described in Section 3 and ending on the date twenty-four (24) months thereafter.

(k)“Welfare Plan” shall mean any plan or arrangement providing health, prescription drug, vision, dental, disability, survivor income, or life insurance benefits that is currently or hereafter made available by Employer or an Affiliate in which Executive is eligible to participate.

2.Term. The term of this Agreement shall be the period beginning on the date hereof and terminating on the date twenty-four (24) months after the date of Executive's termination of employment (the “Term”).

3.Termination of Employment. If a Change in Control occurs, Executive shall be entitled to the benefits described in Section 4 if at any time during the twenty-four- (24-) month period following the Change in Control (i) the employment of Executive with Employer is terminated by Employer for any reason other than Good Cause, or (ii) Executive terminates his employment with Employer for Good Reason.

4.Benefits Upon Termination of Employment. Upon termination of Executive's employment with Employer under circumstances described in Section 3 above:

(a)Subject to Section 14 hereof, Employer shall pay Executive, in a lump sum within thirty (30) days following Executive's termination of employment, the sum of:

(i) two (2) times the sum of Executive's Base Salary and Executive's Bonus; plus

(ii) Executive's Bonus for the year of termination multiplied by a fraction, the numerator of which is the number of days in the fiscal year in which the date of termination occurs that have elapsed through the date of termination and the denominator of which is three hundred sixty-five (365).

(b)Subject to Section 14 hereof, Executive shall be entitled to receive any and all benefits accrued under any other Incentive Plans to the date of termination of employment, the amount, entitlement to, form, and time of payment of such benefits to be determined by the terms of such Incentive Plans. For purposes of calculating Executive's benefits under the Incentive Plans, Executive's employment shall be deemed to have terminated by reason of retirement under circumstances that have the most favorable result for Executive thereunder.

(c)Subject to Section 14 hereof, (i) Executive's benefits accrued or credited through the date of termination of employment under the Newell Rubbermaid Supplemental Executive Retirement Plan, or its successor (“SERP”) and the Newell Rubbermaid Inc. 2008 Deferred Compensation Plan, or its successor (the “2008 Deferred Compensation Plan”) that are not vested as of the date of termination of

employment shall be fully vested and paid in accordance with the terms of the applicable plan (subject to any forfeiture provisions applicable to the plans); and (ii) Employer shall also pay to Executive, in a lump sum within thirty (30) days following Executive's termination of employment, an amount equal to Executive's benefits accrued or credited through the date of termination of employment under the Employer's qualified defined contribution plans that are not vested as of the date of termination of employment.

(d)If upon the date of termination of Executive's employment, Executive holds any awards with respect to securities of Employer, (i) all such awards that are options shall immediately become exercisable upon such date and shall be exercisable thereafter until the earlier of the third (3^rd) year anniversary of Executive's termination of employment or the expiration of the term of the options; (ii)  all restrictions on any awards of restricted securities shall terminate or lapse; and (iii) subject to Section 14 hereof, all performance goals applicable to any performance-based awards shall be deemed satisfied at the “target” level and paid in accordance with the terms of the applicable award agreement.

(e)During the Severance Period, Executive and his spouse and eligible dependents shall be eligible for coverage under the Welfare Plans as follows:

(i) Coverage during the Severance Period under any Welfare Plan that is a group health plan as defined in Title I, Part 6, of the Employee Retirement Income Security Act of 1974, as amended, and Section 4980B of the Code (“COBRA”), shall be provided under COBRA, except that the maximum coverage period shall be extended from eighteen (18) to twenty-four (24) months. If Executive, his spouse, and/or his dependents elect COBRA coverage under any such Welfare Plan for the first eighteen (18) months, Employer shall pay a portion of the COBRA premiums. The portion to be paid by Employer shall equal the amount necessary so that the total of the COBRA premiums paid by Executive, his spouse, and/or his dependents is equal to the premium that would have been paid by Executive for such coverage as an active employee immediately prior to the Change in Control. For the final six (6) months of COBRA coverage, if continued by Executive, his spouse, and/or his dependents, as applicable, Employer shall reimburse a portion of the COBRA premiums on an after-tax basis. The portion reimbursed by Employer shall equal the amount necessary so that the total of the COBRA premiums paid by Executive, his spouse, and/or his dependents after reimbursements is equal to the premium that would have been paid by Executive for such coverage as an active employee immediately prior to the Change in Control.

(ii) Executive and his spouse and eligible dependents shall continue to be covered by all other Welfare Plans in which he, his spouse, or eligible dependents were participating immediately prior to the date of his termination of employment, upon the terms and subject to the conditions of those Welfare Plans as in effect immediately prior to the Change in Control or, if more favorable to Executive, as in effect generally at any time thereafter with respect to other senior executives of Employer, as if he continued to be an active employee of Employer; and Employer shall reimburse the costs of such coverage under such Welfare Plans so that the cost to Executive is the same as is applicable to active employees covered thereunder as in effect immediately prior to the Change in Control; provided

that, if participation in any one or more of such Welfare Plans is not possible under the terms thereof, Employer shall provide substantially similar benefits and reimburse the same proportion of costs.

The coverage provided under this Section 4(e) shall cease if and when Executive obtains employment with another employer during the Severance Period and becomes eligible for coverage under any substantially similar plan provided by his new employer.

(f)Executive shall be entitled to payment for any accrued but unused vacation in accordance with Employer's policy in effect at Executive's termination of employment in a lump sum within thirty (30) days following such termination. Executive shall not be entitled to receive any payments or other compensation attributable to vacation he would have earned had his employment continued during the Severance Period, and Executive waives any right to receive such compensation.

(g)Employer shall, at Employer's expense, provide Executive with six (6) months of executive outplacement services with a professional outplacement firm selected by Employer; provided that the outplacement services must be used by Executive by no later than the end of the second (2^nd) calendar year following the calendar year in which the termination of employment occurred.

(h)Executive shall not be entitled to reimbursement for fringe benefits during the Severance Period, including but not limited to dues and expenses related to club memberships, automobile, cell phone, expenses for professional services, and other similar perquisites, except as specifically provided herein.

5.Setoff. Employer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense, or other claim, right, or action which Employer or any of its affiliated companies may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement and such amounts shall not be reduced whether or not Executive obtains other employment, except as expressly provided in Section 4(e).

6.Death. If Executive dies during the Severance Period, all amounts payable hereunder to Executive shall, to the extent not paid, be paid to his surviving spouse or his designated beneficiary, or if none, then to his estate. Executive's surviving spouse and eligible dependents shall continue to be covered under all applicable Welfare Plans during the remainder of the Severance Period. On the death of the surviving spouse and eligible dependents, no further Welfare Plan coverage shall be provided (other than any coverage required pursuant to COBRA), and no further benefits shall be paid, except for benefits accrued under any Incentive Plans and Retirement Plans to the date of Executive's termination of employment, to the extent such benefits continue following Executive's death pursuant to the term of such Plans.

7.Certain Reductions in Payments.

(a) Anything in this Agreement to the contrary notwithstanding, in the event that an independent, nationally recognized accounting firm designated by Employer prior to a Change in Control (the “Accounting Firm”) shall determine that receipt of all payments, benefits, or distributions by Employer or its affiliates in the nature of compensation to or for Executive's benefit, whether paid or payable pursuant to this Agreement or otherwise (a “Payment”) would (after taking into account any value attributable to the non-competition covenant in Section 8), subject Executive to the excise tax under

Section 4999 of the Code, the Accounting Firm shall determine whether to reduce any of the Payments paid or payable pursuant to this Agreement (the “Agreement Payments”) to the Reduced Amount (as defined below in Section 7(d)). The Agreement Payments shall be reduced to the Reduced Amount only if the Accounting Firm determines that Executive would have a greater Net After-Tax Receipt (as defined below in Section 7(d)) of aggregate Payments if Executive's Agreement Payments were reduced to the Reduced Amount. If instead the Accounting Firm determines that Executive would not have a greater Net After-Tax Receipt of aggregate Payments if Executive's Agreement Payments were reduced to the Reduced Amount, Executive shall receive all Agreement Payments to which Executive is entitled under this Agreement. Notwithstanding anything to the contrary, in no event shall the value (if any) attributable to the non-competition covenant in Section 8 be taken into account for purposes of the Accounting Firm's determination if it would reduce the Agreement Payments to be paid to Executive, it being understood that any such valuation is intended solely to reduce the amounts that are considered “parachute payments” and therefore reduce any excise tax under Section 4999 of the Code. Any valuation of the non-competition covenant in Section 8 shall be determined by the Accounting Firm (or, if the Accounting Firm is not able to make such determination, an independent third-party valuation specialist, selected by Employer), and Employer shall cooperate in good faith in connection with any such valuation process. In no event shall this Section 7 or any other provision of this Agreement be construed to require the Employer to provide any tax gross-up for Executive's excise tax liability, if any, under Section 4999 of the Code.

(b) If the Accounting Firm determines that aggregate Agreement Payments should be reduced to the Reduced Amount, Employer shall promptly give Executive notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm (or, with respect to the valuation of the non-competition covenant in Section 8, to the extent applicable, the independent third-party valuation specialist) under this Section 7 shall be binding upon Employer and Executive and shall be made within thirty (30) days after a termination of Executive's employment. The reduction of the Agreement Payments to the Reduced Amount, if applicable, shall be made by reducing the Agreement Payments under the following sections (and no other Payments) in the following order: (i) Section 4(a); (ii) Section 4(c); and (iii) Section 4(g). All fees and expenses of the Accounting Firm and the independent third-party valuation specialist (if any) shall be borne solely by Employer.

(c)As a result of the uncertainty in the application of Sections 280G and 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that amounts will have been paid or distributed by Employer to or for the benefit of Executive pursuant to this Agreement which should not have been so paid or distributed (“Overpayment”) or that additional amounts which will have not been paid or distributed by Employer to or for the benefit of Executive pursuant to this Agreement could have been so paid or distributed (“Underpayment”), in each case, consistent with the calculation of the Reduced Amount hereunder. In the event that the Accounting Firm, based upon the assertion of a deficiency by the Internal Revenue Service against either Employer or Executive which the Accounting Firm believes has a high probability of success determines that an Overpayment has been made, Executive shall pay any such Overpayment to Employer together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code; provided, however, that no amount shall be payable by Executive to Employer if and to the extent such payment would not either reduce the amount on which Executive is subject to tax under Sections 1 and 4999 of the Code or generate a refund of such taxes. In the event that the Accounting Firm, based upon controlling precedent or substantial authority, determines that an Underpayment has occurred, any such Underpayment shall be promptly paid by Employer to or for the benefit of Executive (subject to Section 14) together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code.

(d) For purposes hereof, the following terms have the meanings set forth below:

(i) “Net After-Tax Receipt” shall mean the present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of a Payment net of all taxes imposed on Executive with respect thereto under Sections 1, 3101, and 4999 of the Code and under applicable state and local laws, determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied to Executive's taxable income for the immediately preceding taxable year, or such other rate(s) as Executive certifies, in good faith, as likely to apply to Executive in the relevant tax year(s).

(ii) “Reduced Amount” shall mean the greatest amount of Agreement Payments that can be paid that would not result in the imposition of the excise tax under Section 4999 of the Code if the Accounting Firm determines to reduce Agreement Payments pursuant to Section 7(a).

8.Restrictive Covenants. During the Term of this Agreement, Executive shall not be associated, directly or indirectly, as an employee, proprietor, stockholder, partner, agent, representative, officer, or otherwise, with the operation of any business that is competitive with any line of business of Employer or any Affiliate for which Executive has provided substantial services without the prior written consent of Employer, which shall not unreasonably be withheld, except that Executive's ownership (or that of his wife and children) of publicly traded securities of any such business having a cost of not more than two hundred fifty thousand dollars ($250,000) shall not be considered a violation of this Section 8. For purposes of the preceding sentence, Executive shall be considered as the “stockholder” of any equity securities owned by his spouse and all relatives and children residing in Executive's principal residence.

9.No Solicitation of Representatives and Employees. Executive agrees that he shall not, during the Term of this Agreement, directly or indirectly, in his individual capacity or otherwise, induce, cause, persuade, or attempt to do any of the foregoing in order to cause any representative, agent, or employee of Employer or any Affiliate to terminate such person's employment relationship with Employer or any Affiliate, or to violate the terms of any agreement between said representative, agent, or employee and Employer or any Affiliate.

10.Confidentiality. Executive acknowledges that preservation of a continuing business relationship between Employer or its Affiliates and their respective customers, representatives, and employees is of critical importance to the continued business success of Employer and that it is the active policy of Employer and its Affiliates to guard as confidential the identity of its customers, trade secrets, pricing policies, business affairs, representatives, and employees. In view of the foregoing, Executive agrees that he shall not, during the Term of this Agreement and thereafter, without the prior written consent of Employer (which consent shall not be withheld unreasonably), disclose to any person or entity any information concerning the business of, or any customer, representative, agent, or employee of, Employer or its Affiliates which was obtained by Executive in the course of his employment by Employer. This Section 10 shall not be applicable if and to the extent Executive is required to testify in a legislative, judicial, or regulatory proceeding pursuant to an order of Congress, any state or local legislature, a judge, or an administrative law judge.

11.Executive Assignment. No interest of Executive or his spouse or any other beneficiary under this Agreement, or any right to receive any payment or distribution hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or other claims against,

Executive or his spouse or other beneficiary, by operation of law or otherwise, other than pursuant to the terms of a qualified domestic relations order to which Executive is a party.

12.Funding.

(a)Prior to a Change in Control, all rights of Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

(b)No later than five (5) days following a Change in Control, Employer shall establish an irrevocable grantor trust, substantially in the form of the model trust agreement set forth in Internal Revenue Service Revenue Procedure 92-64, or any subsequent Revenue Procedure, and shall make a contribution to the trust in an amount equal to the cash payments that would be made to Executive pursuant to Sections 4 and 7 upon a termination of his employment under circumstances described in Section 3, such amount to be determined as if Executive's termination of employment occurred on the date of the Change in Control. At six- (6-) month intervals commencing from the date of the Change in Control, Employer shall recalculate the amount necessary to fully fund the above-described benefits and, if the amount exceeds the fair market value of the assets then held in the trust, Employer shall promptly deposit an amount equal to such excess. Employer shall not terminate the trust until the Term of the Agreement has ended and all cash payments described in Sections 4 and 7 to which Executive is entitled have been made to Executive. Employer shall provide Executive with written confirmation of the establishment of the trust and the deposit of the required amount on his behalf, including a written accounting of the calculation of such amounts. Employer's failure to establish a trust and provide such written notice shall constitute a material breach of this Agreement. Notwithstanding the foregoing, this Section 12(b) shall be construed and applied in a manner so as to avoid the application of Section 409A(b)(2) of the Code.

13.Legal Expenses. Employer shall pay as incurred (within ten (10) calendar days following Employer's receipt of an invoice from Executive) Executive's out-of-pocket expenses, including attorneys' fees, incurred by Executive at any time from the date of this Agreement through Executive's remaining lifetime or, if longer, through the twenty- (20-) year anniversary of the date of the Change of Control, in connection with any action taken to enforce this Agreement or construe or determine the validity of this Agreement or otherwise in connection herewith, including any claim or legal action or proceeding, whether brought by Executive or Employer or another party, and whether or not Executive is successful with respect to such action taken; provided, that Executive shall have submitted an invoice for such fees and expenses at least fifteen (15) calendar days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred. The amount of such legal fees and expenses that Employer is obligated to pay in any given calendar year shall not affect the legal fees and expenses that Employer is obligated to pay in any other calendar year, and Executive's right to have Employer pay such legal fees and expenses may not be liquidated or exchanged for any other benefit. Employer's obligation to pay Executive's eligible legal fees and expenses under this Section 13 shall not be conditioned upon Executive's termination of employment.

14.Section 409A.

(a)The amounts payable pursuant to Section 4 above are intended to be separate payments that are exempt from Section 409A of the Code by reason of the “short-term deferral” exception

or the involuntary separation pay exception (also known as the two- (2-) times rule) set forth in Section 1.409A-1(b)(9)(iii) or certain other separation pay exceptions set forth in Section 1.409A-1(b)(9)(v) of the Treasury Regulations. Notwithstanding the foregoing, no payment shall be made until the end of the thirty- (30-) day determination period under Section 7(b); provided that such determination shall not preclude application of the Code Section 409A short-term deferral exception. To the extent that an amount payable under Section 4 does not comply with any of the foregoing exceptions or other exceptions or exemptions from Code Section 409A, including but not limited to the de minimis exception, the exception for certain indemnification and liability insurance plans, and the like under the Treasury Regulations, then the amount shall be subject to the following rules:

(i) Notwithstanding anything contained in this Agreement to the contrary, if on the date of his termination of employment Executive is a “specified employee,” within the meaning of Section 409A of the Code and Employer's policy for determining specified employees, then to the extent required in order to comply with Section 409A of the Code, all payments, benefits, or reimbursements paid or provided under this Agreement that constitute a “deferral of compensation” within the meaning of Section 409A of the Code, that are provided as a result of a “separation from service” within the meaning of Section 409A and that would otherwise be paid or provided during the first six (6) months following the date of such termination of employment shall be accumulated through and paid or provided (together with interest at the applicable federal rate under Section 7872(f)(2)(A) of the Code in effect on the date of termination of employment) within thirty (30) days after the first business day following the six- (6-) month anniversary of such termination of employment (or, if Executive dies during such six- (6-) month period, within thirty (30) days after Executive's death).

(ii) The benefits described in paragraphs (e), (f), and (g) of Section 4 that are taxable benefits (and that are not disability pay or death benefit plans within the meaning of Section 409A of the Code) are intended to comply, to the maximum extent possible, with the exception to Section 409A of the Code set forth in Section 1.409A-1(b)(9)(v) of the Treasury Regulations. To the extent that any of those benefits either do not qualify for that exception or are provided beyond the applicable COBRA time periods set forth in Section 1.409A-1(b)(9)(v) of the Treasury Regulations, then they shall be subject to the following additional rules: (1) any reimbursement of eligible expenses shall be paid within sixty (60) calendar days following Executive's written request for reimbursement or such later date set forth in Section 14(a)(i); provided that Executive provides written notice no later than seventy-five (75) calendar days prior to the last day of the calendar year following the calendar year in which the expense was incurred so that Employer can make the reimbursement within the time periods required by Section 409A of the Code; (2) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during any calendar year shall not affect the amount of expenses eligible for reimbursement, or in-kind benefits to be provided, during any other calendar year; (3) the right to reimbursement or in-kind benefits shall not be subject to liquidation or

exchange for another benefit; and (4) each payment shall be treated as a separate payment.

(b)For purposes of this Agreement, the phrase “termination of employment” or words or phrases of similar import shall mean a “separation from service” with the Employer within the meaning of Section 409A of the Code. In this regard, Employer and Executive shall take all steps necessary (including with regard to any post-termination services by Executive) to ensure that (i) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A of the Code, and (ii) the date on which such separation from service takes place shall be the date of the termination of employment for purposes of this Agreement.

(c)It is intended that the payments and benefits provided under this Agreement shall either be exempt from the application of, or comply with, the requirements of Section 409A of the Code. This Agreement shall be construed, administered, and governed in a manner that effects such intent, and the Employer shall not take any action that would be inconsistent with such intent. Without limiting the foregoing, the payments and benefits provided under this Agreement may not be deferred, accelerated, extended, paid out, or modified in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon Executive. Although Employer shall use its best efforts to avoid the imposition of taxation, interest, and penalties under Section 409A of the Code, the tax treatment of the benefits provided under this Agreement is not warranted or guaranteed. Neither Employer, its Affiliates, nor their respective directors, officers, employees, or advisers shall be held liable for any taxes, interest, penalties, or other monetary amounts owed by Executive or other taxpayers as a result of the Agreement.

15.Waiver. No waiver by any party at any time of any breach by any other party of, or compliance with, any condition or provision of this Agreement to be performed by any other party shall be deemed a waiver of any other provisions or conditions at the same time or at any prior or subsequent time.

16.Applicable Law. This Agreement shall be construed and interpreted pursuant to the laws of Delaware.

17.Entire Agreement. This Agreement contains the entire Agreement between Employer and Executive and supersedes any and all previous agreements, written or oral, between the parties relating to severance benefits in the event of a Change in Control, including any previous Employment Security Agreement between Executive and Employer. No amendment or modification of the terms of this Agreement shall be binding upon the parties hereto unless reduced to writing and signed by Employer and Executive.

18.No Employment Contract. Nothing contained in this Agreement shall be construed to be an employment contract between Executive and Employer. Executive is employed at will, and Employer and Executive may terminate Executive's employment at any time, with or without cause.

19.Severability. In the event any provision of this Agreement is held illegal or invalid, the remaining provisions of this Agreement shall not be affected thereby.

20.Employment with an Affiliate. If Executive is employed by Employer and an Affiliate, or solely by an Affiliate, on the date of termination of employment of Executive under circumstances described in Section 3, then (a) employment or termination of employment as used in this Agreement shall mean employment or termination of employment of Executive with Employer and such Affiliate, or with such Affiliate, as applicable, and related references to Employer shall also include the Affiliate, as applicable, and (b) the obligations of Employer hereunder shall be satisfied by Employer and/or such

Affiliate as Employer, in its discretion, shall determine; provided that Employer shall remain liable for such obligations to the extent not satisfied by such Affiliate.

21.Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, representatives, and successors. Any reference in this Agreement to Employer shall be deemed a reference to any successor (whether direct or indirect, by purchase of stock or assets, merger or consolidation, or otherwise) to all or substantially all of the business and/or assets of Employer; provided that Executive's employment by a successor Employer shall not be deemed a termination of Executive's employment with Employer (unless otherwise required in order to comply with the definition of “separation from service” under Section 409A of the Code).

22.Non-Exclusivity. Except with respect to agreements regarding severance payments described in Section 17, the provisions of this Agreement shall not reduce any amounts otherwise payable, or in any way diminish Executive's existing rights, or rights which would accrue solely as a result of the passage of time, under any other employment agreement, or other contract, plan, or arrangement with Employer or an Affiliate.

23.Notice. Notices required under this Agreement shall be in writing and sent by registered mail, return receipt requested, to the following addresses or to such other address as the party being notified may have previously furnished to the others by written notice.

If to Employer:Newell Rubbermaid Inc.

3 Glenlake Parkway

Atlanta, Georgia 30328

Attention: General Counsel

If to Executive:Douglas L. Martin

___________________________                    

___________________________                    

24.Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original.

IN WITNESS WHEREOF, the parties have executed this Amended and Restated Employment Security Agreement on the actual date(s) specified below, but effective as of the day and year written above.

NEWELL RUBBERMAID INC.

By:/s/ James M. Sweet

Name: James M. Sweet

Title: Executive Vice President, Human Resources and Corporate Communications

EXECUTIVE

/s/ Douglas L. Martin

Douglas L. Martin

EX-10.3

Exhibit 10.3

NEWELL RUBBERMAID INC. 2010 STOCK PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

Performance-Based RSU Award Grant Agreement

A Restricted Stock Unit (“RSU”) Award (the “Award”) granted by Newell Rubbermaid Inc., a Delaware corporation (the “Company”), to the employee named in the attached Award letter (the “Grantee”) relating to the common stock, par value $1.00 per share (the “Common Stock”), of the Company, shall be subject to the following terms and conditions and the provisions of the Newell Rubbermaid Inc. 2010 Stock Plan, a copy of which is attachedhereto and the terms of which are hereby incorporated by reference.

1.Acceptance by Grantee. The receipt of the Award is conditioned upon its acceptance by the Grantee in the space provided therefor at the end of the attached Award letter and the return of an executed copy of such Award letter to the Secretary of the Company no later than 60 days after the Award Date set forth therein or, if later, 30 days after the Grantee receives this Agreement.

2.Grant of RSUs. The Company hereby grants to the Grantee the Award of RSUs, as set forth in the Award letter. An “RSU” is a restricted stock unit representing the right, subject to the terms and conditions of the Plan and this Agreement, to receive a distribution of a share of Common Stock for each RSU as described in Section 6 of this Agreement.

3.RSU Account. The Company shall maintain an account (“RSU Account”) on its books in the name of the Grantee which shall reflect the number of RSUs awarded to the Grantee.

4.Dividend Equivalents. Upon the payment of any dividend on Common Stock occurring during the period preceding the earlier of the date of settlement of the Grantee's Award as described in Section 6 or the date the Grantee's Award is forfeited as described in Section 5, the Company shall credit the Grantee's RSU Account with an amount equal in value to the dividends that the Grantee would have received had the Grantee been the actual owner of the number of shares of Common Stock represented by the Performance-Based RSUs in the Grantee's RSU Account on that date. Such amounts shall be paid to the Grantee in cash at the time and to the extent the related Performance-Based RSUs vest and are settled. Any such dividend equivalents credited to the Grantee's RSU Account, relating to Performance-Based RSUs that are forfeited, shall also be forfeited.

5.Vesting.

(a)Except as described in Sections 5(b) below, the Grantee shall become vested in his Performance-Based RSU Award following the date of the grant of the Awards (the “Award Date”) if he remains in continuous employment with the Company or an affiliate, and satisfies the applicable performance conditions, as set forth below:

Performance-Based RSUs	Performance Condition	Vesting
One-Third of the Award	During any twenty continuous trading day period, occurring on or prior to the seventh anniversary of the Award Date, the average closing stock price of Common Stock equals or exceeds $21.28.	Upon satisfaction of the applicable Performance Condition, but no earlier than the first anniversary of the Award Date
One-Third of the Award (so that two-thirds of the whole Award shall have vested)	At any time during a twenty continuous trading day period, occurring on or prior to the seventh anniversary of the Award Date, the average closing stock price of Common Stock equals or exceeds $23.21.	Upon satisfaction of the applicable Performance Condition, but no earlier than the second anniversary of the Award Date
One-Third of the Award (so that 100% of the whole Award shall have vested)	At any time during a twenty continuous trading day period, occurring on or prior to the seventh anniversary of the Award Date, the average closing stock price of Common Stock equals or exceeds $25.15.	Upon satisfaction of the applicable Performance Condition, but no earlier than the third anniversary of the Award Date

(b)If the Grantee's employment with the Company and all affiliates terminates prior to the applicable vesting date due to death or disability, the unvested portion of the Awards shall become vested on such date. For this purpose “disability” means (as determined by the Committee in its sole discretion) the inability of the Grantee to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which is expected to result in death or disability or which has lasted or can be expected to last for a continuous period of not less than 12 months.

(c)If the Grantee's employment with the Company and all affiliates terminates prior to satisfying the applicable vesting conditions set forth in the applicable table in Section 5(a) above for any reason other than death or disability, the unvested portion of each Award shall be forfeited to the Company.

The foregoing provisions of this Section 5 shall be subject to the provisions of any written employment security agreement or severance agreement that has been or may be executed by the Grantee and the Company, and the provisions in such employment security agreement or severance agreement concerning vesting of an Award shall supersede any inconsistent or contrary provision of this Section 5.

6.Settlement of Award. Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

7.Withholding Taxes. The Company shall withhold from any distribution made to the Grantee in cash an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements. In the case of a distribution made in shares of Common Stock, the Grantee shall pay to the Company an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements prior to the delivery of any shares. Payment of such taxes may be made at the Grantee's election by one or more of the following methods: (i) in cash, (ii) in cash received from a broker-dealer to whom the Grantee has submitted irrevocable instructions to deliver the amount of withholding tax to the Company from the proceeds of the sale of shares subject to the Award, (iii) by directing the Company to withhold a number of shares otherwise issuable pursuant to the Award with a Fair Market Value equal to the tax required to be withheld, (iv) by delivery to the Company of other Common Stock owned by the Grantee that

is acceptable to the Company, valued at its Fair Market Value on the date of payment, or (v) by certifying to ownership by attestation of such previously owned Common Stock.

8.Rights as Stockholder. The Grantee shall not be entitled to any of the rights of a stockholder of the Company with respect to the Award, including the right to vote and to receive dividends and other distributions, until and to the extent the Award is settled in shares of Common Stock.

9.Share Delivery. Delivery of any shares in connection with settlement of the Award will be by book-entry credit to an account in the Grantee's name established by the Company with the Company's transfer agent, or upon written request from the Grantee (or his personal representative, beneficiary or estate, as the case may be), in certificates in the name of the Grantee (or his personal representative, beneficiary or estate).

10.Award Not Transferable. The Award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Award, other than in accordance with its terms, shall be void and of no effect.

11.Administration. The Award shall be administered in accordance with such regulations as the Organizational Development and Compensation Committee of the Board of Directors of the Company (the “Committee”) shall from time to time adopt. In the event of any conflict between the terms of such regulations and this Award Agreement, the terms of this Award Agreement shall control.

12.Section 409A Compliance. To the extent that the Grantee's right to receive payment of the RSUs and dividend equivalents constitutes a "deferral of compensation" within the meaning of Section 409A of the Code, then notwithstanding anything contained in the Plan to the contrary, the timing of payment (but not the vesting and nonforfeitability) of shares of Common Stock and cash otherwise deliverable hereunder shall be subject to the following rules:

(a)The shares of Common Stock underlying the vested Performance-Based RSUs and the related dividend equivalents shall be delivered to the Grantee, or his personal representative, beneficiary or estate, as applicable, within 30 days following the earlier of (i) the Grantee's death; (ii) the Grantee's disability (as defined under Section 409A of the Code); (iii) the Grantee's "separation from service" within the meaning of Section 409A of the Code, subject to Section 12(b); or (iv) the occurrence of a Change in Control that also constitutes a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company with the meaning of Section 409A of the Code; or (iv) the seventh anniversary of the Award Date.

(b)Notwithstanding Section 12(a), if any RSUs and related dividend equivalents become payable as a result of the Grantee's termination of employment (other than as a result of death) which constitutes a separation from service and the Grantee is a "specified employee," as determined under the Company's policy for determining specified employees on the date of such separation from service, then the shares of Common Stock underlying the vested RSUs and related dividends shall be delivered to the Grantee, or his personal representative, beneficiary or estate, as applicable, within 30 days after the first business day that is more than six months after the date of his or her separation from service (or, if the Grantee dies during such six-month period, within 30 days after the Grantee's death).

(c)In the event that any taxes described in Section 7 of this Agreement are due prior to the distribution of shares of Common Stock underlying the RSUs, then the Grantee shall be required to satisfy the tax obligation by using any method set forth in Section 7.

13.Data Privacy Consent. The Grantee hereby consents to the collection, use and transfer, in electronic or other form, of the Grantee's personal data as described in this document by the Company and its subsidiaries for the exclusive purpose of implementing, administering and managing Grantee's participation in the Plan. The Grantee understands that the Company and its subsidiaries hold certain personal information about the Grantee, including, but not limited to, name, home address and telephone number, date of birth, social insurance number or other identification

number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all options or any other entitlement to shares of stock or stock units awarded, canceled, purchased, exercised, vested, unvested or outstanding in the Grantee's favor for the purpose of implementing, managing and administering the Plan (“Data”). The Grantee understands that the Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Grantee's country or elsewhere and that the recipient country may have different data privacy laws and protections than the Grantee's country. The Grantee understands that he may request a list with the names and addresses of any potential recipients of the Data by contacting the local human resources representative. The Grantee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Grantee's participation in the Plan, including any requisite transfer of such Data, as may be required to a broker or other third party with whom the Grantee may elect to deposit any shares or other award acquired under the Plan. The Grantee understands that Data will be held only as long as is necessary to implement, administer and manage participation in the Plan. The Grantee understands that he may, at any time, view Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case without cost, by contacting the local human resources representative in writing. The Grantee understands that refusing or withdrawing consent may affect the Grantee's ability to participate in the Plan. For more information on the consequences of refusing to consent or withdrawing consent, the Grantee understands that he may contact his or her local human resources representative.

14.Electronic Delivery. The Grantee hereby consents and agrees to electronic delivery of any documents that the Company may elect to deliver (including, but not limited to, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements, annual and quarterly reports, and all other forms of communications) in connection with this and any other award made or offered under the Plan. The Grantee understands that, unless earlier revoked by the Grantee by giving written notice to the Secretary of the Company, this consent shall be effective for the duration of the Agreement. The Grantee also understands that he or she shall have the right at any time to request that the Company deliver written copies of any and all materials referred to above at no charge. The Grantee hereby consents to any and all procedures the Company has established or may establish for an electronic signature system for delivery and acceptance of any such documents that the Company may elect to deliver, and agrees that his or her electronic signature is the same as, and shall have the same force and effect as, his or her manual signature. The Grantee consents and agrees that any such procedures and delivery may be effected by a third party engaged by the Company to provide administrative services related to the Plan.

15.Governing Law. This Agreement, and the Award, shall be construed, administered and governed in all respects under and by the laws of the State of Delaware.

NEWELL RUBBERMAID INC.

John K. Stipancich

Senior Vice President, General Counsel and Corporate

Secretary

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Michael B. Polk, certify that:

1. I have reviewed this report on Form 10-Q for the quarterly period ended September 30, 2012 of Newell Rubbermaid Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 6, 2012	/s/ Michael B. Polk
		Michael B. Polk
		Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Douglas L. Martin, certify that:

1. I have reviewed this report on Form 10-Q for the quarterly period ended September 30, 2012 of Newell Rubbermaid Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 6, 2012	/s/ Douglas L. Martin
		Douglas L. Martin
		Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Newell Rubbermaid Inc. (the “Company”) on Form 10-Q for the period ending September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael B. Polk, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Michael B. Polk

Michael B. Polk

Chief Executive Officer

November 6, 2012

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Newell Rubbermaid Inc. (the “Company”) on Form 10-Q for the period ending September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Douglas L. Martin, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Douglas L. Martin

Douglas L. Martin

Executive Vice President and Chief Financial Officer

November 6, 2012

EX-99.1

EXHIBIT 99.1

NEWELL RUBBERMAID INC. SAFE HARBOR STATEMENT

The Company has made statements in its Annual Report on Form 10-K for the year ended December 31, 2011, as well as in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, and the documents incorporated by reference therein that constitute forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. The statements relate to, and other forward-looking statements that may be made by the Company may relate to, but are not limited to, information or assumptions about the effects of Project Renewal, the European Transformation Plan, sales (including pricing), income/ (loss), earnings per share, return on equity, return on invested capital, capital and other expenditures, working capital, cash flow, dividends, capital structure, debt to capitalization ratios, availability of financing, interest rates, restructuring and restructuring-related costs, impairment and other charges, potential losses on divestitures, impacts of changes in accounting standards, pending legal proceedings and claims (including environmental matters), future economic performance, operating income, operating or gross margin improvements or declines, costs and cost savings (including raw material and sourced product inflation, productivity and streamlining), synergies, and management's plans, goals and objectives for future operations, performance and growth. These statements generally are accompanied by words such as “intend,” “anticipate,” “believe,” “estimate,” “project,” “target,” “plan,” “expect,” “will,” “should,” “would” or similar statements. Forward-looking statements are not guarantees because there are inherent difficulties in predicting future results. Actual results could differ materially from those expressed or implied in the forward-looking statements. The factors that are discussed below, as well as the matters that are set forth generally in the 2011 Form 10-K and the third quarter 2012 Form 10-Q and the documents incorporated by reference therein could cause actual results to differ. Some of these factors are described as criteria for success. The Company's failure to achieve, or limited success in achieving, these objectives could result in actual results differing materially from those expressed or implied in the forward-looking statements. In addition, there can be no assurance that the Company has correctly identified and assessed all of the factors affecting the Company or that the publicly available and other information the Company receives with respect to these factors is complete or correct.

The Company is subject to risks related to its dependence on the strength of retail, commercial and industrial sectors of the economy in various parts of the world.

The Company's business depends on the strength of the retail, commercial and industrial sectors of the economy in various parts of the world, primarily in North America, and to a lesser extent Europe, Central and South America, and Asia. These sectors of the economy are affected primarily by factors such as consumer demand and the condition of the retail industry, which, in turn, are affected by general economic conditions. With continuing challenging and increasingly volatile economic conditions in the U.S., Western Europe and elsewhere, there has been considerable pressure on consumer demand, and the resulting impact on consumer spending has had and may continue to have an adverse effect on demand for the Company's products as well as its financial condition and results of operations. The Company could also be negatively impacted by economic crises in specific countries or regions, including the deterioration in the creditworthiness of, or a default by, the issuers of sovereign debt. Such events could negatively impact the Company's overall liquidity and/or create significant credit risks relative to its local customers and depository institutions. Consumer demand and the condition of these sectors of the economy may also be impacted by other external factors such as war, terrorism, geopolitical uncertainties, public health issues, natural disasters and other business interruptions. The impact of these external factors is difficult to predict, and one or more of the factors could adversely impact the Company's business.

The Company is subject to intense competition in a marketplace dominated by large retailers.

The Company competes with numerous other manufacturers and distributors of consumer and commercial products, many of which are large and well-established. The Company's principal customers are large mass merchandisers, such as discount stores, home centers, warehouse clubs and office superstores, and commercial distributors. The rapid growth of these large mass merchandisers, together with changes in consumer shopping patterns, have contributed to the formation of dominant multi-category retailers that have strong negotiating power with suppliers. Current trends among retailers include fostering high levels of competition among suppliers, demanding innovative new products and requiring suppliers to maintain or reduce product prices, and delivering products with shorter lead times. Other trends are for retailers to import products directly from foreign sources and to source and sell products, under their own private label brands, that compete with the Company's products.

The combination of these market influences has created an intensely competitive environment in which the Company's principal customers continuously evaluate which product suppliers to use, resulting in downward pricing pressures and the need for big, consumer-meaningful brands, the ongoing introduction and commercialization of innovative new products, continuing improvements in category management and customer service, and the maintenance of strong relationships with large, high-volume purchasers. The Company also faces the risk of changes in the strategy or structure of its major retailer customers, such as overall store and inventory reductions and retailer consolidation. The intense competition in the retail sector combined with the overall

economic environment may result in a number of retailers experiencing financial difficulty or failing in the future. In particular, a failure by one of the Company's large retail customers would adversely impact the Company's sales and operating cash flows. As a result of these factors, the Company may experience a loss of sales, reduced profitability and a limited ability to recover cost increases through price increases.

If the Company is unable to commercialize a continuing stream of new products that create demand, the Company's ability to compete in the marketplace may be adversely impacted.

The Company's long-term success in the competitive retail environment and the industrial and commercial markets depends on its ability to develop and commercialize a continuing stream of innovative new products that create demand. The Company also faces the risk that its competitors will introduce innovative new products that compete with the Company's products. The Company's strategy includes investment in new product development and a focus on innovation. There are, nevertheless, numerous uncertainties inherent in successfully developing and commercializing innovative new products on a continuing basis, and new product launches may not deliver expected growth in sales or operating income.

If the Company does not continue to develop and maintain consumer-meaningful brands, its operating results may suffer.

The Company's ability to compete successfully also depends increasingly on its ability to develop and maintain consumer-meaningful brands so that the Company's retailer and other customers will need the Company's products to meet consumer demand. Consumer-meaningful brands allow the Company to realize economies of scale in its operations. The development and maintenance of such brands require significant investment in brand-building and marketing initiatives. While the Company plans to continue to increase its expenditures for advertising and other brand-building and marketing initiatives over the long term, the increased investment may not deliver the anticipated results.

Price increases in raw materials and sourced products could harm the Company's financial results.

The Company purchases raw materials, including resin, principally polyethylene and polypropylene, corrugate, steel, gold, zinc, brass and aluminum, which are subject to price volatility and inflationary pressures. The Company attempts to reduce its exposure to increases in those costs through a variety of programs, including periodic purchases, future delivery purchases, long-term contracts and sales price adjustments. Where practical, the Company uses derivatives as part of its risk management process. Also, the Company relies on third-party manufacturers as a source for its products. These manufacturers are also subject to price volatility and labor cost and other inflationary pressures, which may, in turn, result in an increase in the amount the Company pays for sourced products. Raw material and sourced product price increases may more than offset the Company's productivity gains and price increases and adversely impact the Company's financial results.

The Company's plans to continue to improve productivity and reduce complexity and costs may not be successful, which would adversely affect its ability to compete.

The Company's success depends on its ability to continuously improve its manufacturing operations to gain efficiencies, reduce supply chain costs and streamline or redeploy nonstrategic selling, general and administrative expenses in order to produce products at a best-cost position and allow the Company to invest in innovation and brand building. In October 2011, the Company announced Project Renewal, a global initiative designed to reduce the complexity of the organization and increase investment in the Company's most significant growth platforms, and in October 2012, the Company announcedan expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the Company's Consumer and Professional groups were eliminated and the Company's nine global business units were streamlined into six business segments. In June 2010, the Company announced its European Transformation Plan, a program to simplify and centralize its European business and leverage the benefits of scale and to facilitate a more efficient and cost-effective implementation of an enterprise resource planning program. The Company runs the risk that these and similar initiatives may not be completed substantially as planned, may be more costly to implement than expected, or may not have the positive effects anticipated. It is also possible that other major productivity and streamlining programs may be required in the future.

If the Company is unable to make strategic acquisitions and to integrate its acquired businesses, the Company's future growth could be adversely impacted.

Although the Company is increasingly emphasizing internal growth rather than growth by acquisition, the Company's ability to continue to make strategic acquisitions and to integrate the acquired businesses successfully, including obtaining anticipated cost savings and operating income improvements within a reasonable period of time, remain important factors in the Company's future growth. Furthermore, the Company's ability to finance major acquisitions may be adversely affected by the Company's financial position and access to credit markets. In addition, significant additional borrowings would increase the Company's borrowing

costs and could adversely affect its credit rating and could constrain the Company's future access to capital.

Circumstances associated with divestitures could adversely affect the Company's results of operations and financial condition.

The Company continues to evaluate the performance and strategic fit of its businesses and products and may decide to sell or discontinue a business based on such an evaluation. A decision to divest or discontinue a business may result in asset impairments, including those related to goodwill and other intangible assets, and losses upon disposition, both of which could have an adverse effect on the Company's results of operations and financial condition. In addition, the Company may encounter difficulty in finding buyers or executing alternative exit strategies at acceptable prices and terms and in a timely manner. In addition, prospective buyers may have difficulty obtaining financing. Divestitures and business discontinuations could involve additional risks, including the following:

• difficulties in the separation of operations, services, products and personnel;

• the diversion of management's attention from other business concerns;

• the retention of certain current or future liabilities in order to induce a buyer to complete a divestiture;

• the disruption of the Company's business; and

• the potential loss of key employees.

The Company may not be successful in managing these or any other significant risks that it may encounter in divesting or discontinuing a business.

The Company is subject to risks related to its international operations and sourcing model.

International operations, especially in Europe, but also in Asia, Central and South America, and Canada, are important to the Company's business, and the Company's strategy emphasizes international growth. In addition, as the Company sources products in low-cost countries, particularly in Asia, it is exposed to additional risks and uncertainties. Foreign operations can be affected by factors such as currency devaluation; other currency fluctuations; tariffs; nationalization; exchange controls; labor inflation; interest rates; limitations on foreign investment in local business; and other political, economic and regulatory risks and difficulties. The Company also faces risks due to the transportation and logistical complexities inherent in reliance on foreign sourcing.

Venezuela was designated as a highly inflationary economy effective January 1, 2010, and, accordingly, gains and losses resulting from the translation of the net assets (excluding nonmonetary assets) of operations in Venezuela into U.S. Dollars are recorded in earnings. See Footnote 1 of the Notes to Condensed Consolidated Financial Statements for further information.

The inability to obtain raw materials and finished goods in a timely manner from suppliers would adversely affect the Company's ability to manufacture and market its products.

The Company purchases raw materials to be used in manufacturing its products. In addition, the Company relies on third-party manufacturers as a source for finished goods. The Company typically does not enter into long-term contracts with its suppliers or sourcing partners. Most raw materials and sourced goods are obtained on a “purchase order” basis; however, in limited cases where the Company has supply contracts with fixed prices, the Company may be required to purchase raw materials at above-market prices, which could adversely impact gross margins. In addition, in some instances the Company maintains single-source or limited-source sourcing relationships, either because multiple sources are not available or the relationship is advantageous due to performance, quality, support, delivery, capacity or price considerations. Financial, operating or other difficulties encountered by the Company's suppliers and/or sourcing partners or changes in the Company's relationships with them could result in manufacturing or sourcing interruptions, delays and inefficiencies, and prevent the Company from manufacturing or obtaining the finished goods necessary to meet customer demand.

Complications in connection with the Company's current information system initiative may adversely impact its results of operations, financial condition and cash flows.

The Company is in the process of replacing various business information systems worldwide with an enterprise resource planning system from SAP. Through September 30, 2012, the North American and European operations of substantially all of the Company's nine GBUs have successfully gone live with their SAP implementation efforts. The Company's Asia Pacific and Latin American operations have yet to go live on SAP. This activity involves the migration of multiple legacy systems and users to a common SAP information platform. Throughout this process, the Company is changing the way it conducts business and employees' roles in processing and utilizing information. In addition, this conversion will impact certain interfaces with the Company's customers and suppliers, resulting in changes to the manner in which the Company takes orders, procures materials, schedules production, remits billings, makes payments and performs other business functions. Based upon the complexity of this initiative, there

is risk that the Company will be unable to complete the implementation in accordance with its timeline and will incur additional costs. The implementation could result in operating inefficiencies, and the implementation could impact the Company's ability to perform necessary business transactions, including its ability to supply products on a timely basis. The Company's go-lives have been and will continue to be in a phased approach to reduce the risk of business disruption throughout the Company's business units and regions. However, there can be no assurance that the risk of business disruption can be eliminated with the Company's phased approach. All of these risks could adversely impact the Company's results of operations, financial condition and cash flows.

Impairment charges could have a material adverse effect on the Company's financial results.

Future events may occur that would adversely affect the reported value of the Company's assets and require impairment charges. Such events may include, but are not limited to, strategic decisions made in response to changes in economic and competitive conditions, the impact of the economic environment on the Company's sales and customer base, the unfavorable resolution of litigation, a material adverse change in the Company's relationship with significant customers or business partners, or a sustained decline in the Company's stock price. The Company continues to evaluate the impact of economic and other developments on the Company and its business units to assess whether impairment indicators are present. Accordingly, the Company may be required to perform impairment tests based on changes in the economic environment and other factors, and these tests could result in impairment charges in the future.

The Company's businesses are subject to regulation in the U.S. and abroad.

Changes in laws, regulations and related interpretations may alter the environment in which the Company does business. This includes changes in environmental, competitive and product-related laws, as well as changes in accounting standards, taxation and other regulations. Accordingly, the Company's ability to manage regulatory, tax and legal matters (including environmental, human resource, product liability, patent and intellectual property matters), and to resolve pending legal matters without significant liability could require the Company to take significant reserves in excess of amounts accrued to date or pay significant fines during a reporting period, which could materially impact the Company's results. In addition, new regulations may be enacted in the U.S. or abroad that may require the Company to incur additional personnel-related, environmental or other costs on an ongoing basis, significantly restrict the Company's ability to sell certain products, or incur fines or penalties for noncompliance, any of which could adversely affect the Company's results of operations. For example, the United States Consumer Product Safety Commission is currently advocating more strict design standards for window blinds that if implemented, would require the Company to redesign all window blinds sold in the United States.  For certain products, redesign may not be possible or practical, and as a result, the Company would lose revenues from the sales of such products. Lastly, as a U.S.-based multinational company, the Company is also subject to tax regulations in the U.S. and multiple foreign jurisdictions, some of which are interdependent. For example, certain income that is earned and taxed in countries outside the U.S. is not taxed in the U.S., provided those earnings are indefinitely reinvested outside the U.S. If these or other tax regulations should change, the Company's financial results could be impacted.

The resolution of the Company's tax contingencies may result in additional tax liabilities, which could adversely impact the Company's cash flows and results of operations.

The Company is subject to income tax in the U.S. and numerous jurisdictions outside the U.S. Significant estimation and judgment is required in determining the Company's worldwide provision for income taxes. In the ordinary course of the Company's business, there are many transactions and calculations where the ultimate tax determination is uncertain. The Company is regularly under audit by tax authorities. Although the Company believes its tax estimates are reasonable, the final outcome of tax audits and related litigation could be materially different than that reflected in its historical income tax provisions and accruals. There can be no assurance that the resolution of any audits or litigation will not have an adverse effect on future operating results.

Product liability claims or regulatory actions could adversely affect the Company's financial results or harm its reputation or the value of its end-user brands.

Claims for losses or injuries purportedly caused by some of the Company's products arise in the ordinary course of the Company's business. In addition to the risk of substantial monetary judgments, product liability claims or regulatory actions could result in negative publicity that could harm the Company's reputation in the marketplace, adversely impact the value of its end-user brands, or result in an increase in the cost of producing the Company's products. The Company could also be required to recall possibly defective products, which could result in adverse publicity and significant expenses. Although the Company maintains product liability insurance coverage, potential product liability claims are subject to a self-insured retention or could be excluded under the terms of the policy.

If the Company is unable to access the capital markets to refinance its maturing debt, its borrowing costs could increase.

As of September 30, 2012, the Company had $798.0 million of debt that it will be required to refinance or repay within the next 12 months. It is possible that the Company may seek to address its short-term obligations through the capital markets or other arrangements. However, access to the capital markets cannot be assured, and although the Company believes that alternative arrangements will be available to refinance these obligations, such arrangements could result in an increase in the Company's borrowing costs.

A reduction in the Company's credit ratings could materially and adversely affect its business, financial condition and results of operations.

The Company's current senior debt credit ratings from Moody's Investors Service, Standard & Poor's and Fitch Ratings are Baa3, BBB- and BBB, respectively. Its current short-term debt credit ratings from Moody's Investors Service, Standard & Poor's and Fitch Ratings are P-3, A-3 and F-2, respectively. Moody's, Standard & Poor's and Fitch have a stable outlook on their ratings. The Company cannot be sure that any of its current ratings will remain in effect for any given period of time or that a rating will not be lowered by a rating agency if, in its judgment, circumstances in the future so warrant. A downgrade by Moody's or Standard & Poor's, which would reduce the Company's senior debt below investment-grade, could increase the Company's borrowing costs, which would adversely affect the Company's financial results. The Company would likely be required to pay a higher interest rate in future financings, and its potential pool of investors and funding sources could decrease. If the Company's short-term ratings were to be lowered, it would limit, or eliminate entirely, the Company's access to the commercial paper market. The ratings from credit agencies are not recommendations to buy, sell or hold the Company's securities, and each rating should be evaluated independently of any other rating.

The level of returns on pension and postretirement plan assets and the actuarial assumptions used for valuation purposes could affect the Company's earnings and cash flows in future periods. Changes in government regulations could also affect the Company's pension and postretirement plan expenses and funding requirements.

The funding obligations for the Company's pension plans are impacted by the performance of the financial markets, particularly the equity markets, and interest rates. Funding obligations are determined under government regulations and are measured each year based on the value of assets and liabilities on a specific date. If the financial markets do not provide the long-term returns that are expected under the governmental funding calculations, the Company could be required to make larger contributions. The equity markets can be, and recently have been, very volatile, and therefore the Company's estimate of future contribution requirements can change dramatically in relatively short periods of time. Similarly, changes in interest rates and legislation enacted by governmental authorities can impact the timing and amounts of contribution requirements. An adverse change in the funded status of the plans could significantly increase the Company's required contributions in the future and adversely impact its liquidity.

Assumptions used in determining projected benefit obligations and the fair value of plan assets for the Company's pension and other postretirement benefit plans are determined by the Company in consultation with outside actuaries. In the event that the Company determines that changes are warranted in the assumptions used, such as the discount rate, expected long-term rate of return on assets, or expected health care costs, the Company's future pension and postretirement benefit expenses could increase or decrease. Due to changing market conditions or changes in the participant population, the assumptions that the Company uses may differ from actual results, which could have a significant impact on the Company's pension and postretirement liabilities and related costs and funding requirements.

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Stockholders' Equity And Accumulated Other Comprehensive Income (Loss) (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Stockholders' Equity Note [Abstract]
Balance at December 31, 2011, Foreign Currency Translation Loss			$ (207.1)
Current period change, Foreign Currency Translation Loss	30.7	(79.5)	26.2	(24.7)
Balance at September 30, 2012, Foreign Currency Translation Loss	(180.9)		(180.9)
Balance at December 31, 2011, Unrecognized Pension & Other Postretirement Costs, net of tax			(501.3)
Current period change, Unrecognized Pension & Other Postretirement Costs, net of tax	0.7	4.2	7.6	15.3
Balance at September 30, 2012, Unrecognized Pension & Other Postretirement Costs, net of tax	(493.7)		(493.7)
Balance at December 31, 2011, Derivative Hedging Loss, net of tax			1.4
Current period change, Derivative Hedging Income (Loss), net of tax	(1.2)	3.1	(2.9)	1.2
Balance at September 30, 2012, Derivative Hedging Loss, net of tax	(1.5)		(1.5)
Balance at December 31, 2011, Accumulated Other Comprehensive Loss			(707.0)
Current period change, Accumulated Other Comprehensive Loss	30.2	(72.2)	30.9	(8.2)
Balance at September 30, 2012, Accumulated Other Comprehensive Loss	$ (676.1)		$ (676.1)

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Derivatives (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012 Forward Interest Rate Swaps [Member]	Sep. 30, 2012 Commodity Contract [Member]	Sep. 30, 2012 Interest Rate Swap [Member]
Notional Amount of Interest Rate Cash Flow Hedge Derivatives		$ 250.0
Derivative, Fixed Interest Rate		1.80%
Derivative, Notional Amount			$ 14.0
Derivative, Maturity Date		Mar. 15, 2013	Dec. 31, 2012
Interest rate swap duration, minimum				5 years
Interest rate swap duration, maximum				10 years
Non-hedge derivatives immaterial	0
Fair value hedge ineffectiveness	0
Cash flow hedge ineffectiveness	0

XML

Debt (Interest Rate Swaps) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Mark-to-market adjustments	$ 41.3		$ 41.3		$ 35.8
Reduction of interest expense	4.9	7.6	16.7	24.1
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge	5.7		5.7		15.8
Interest Rate Swaps [Member]
Principal amount of note	$ 250.0		$ 250.0

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Segment Information (Company's Segments Results) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011		Dec. 31, 2011
Net Sales	$ 1,535.3		$ 1,549.9		$ 4,383.9		$ 4,369.4
Operating Profit (Loss)	188.4		(192.2)		498.1		131.7
Impairment charges	0		(382.6)		0		(382.6)
Restructuring costs	(13.7)		(5.5)		(37.5)		(12.3)
Identifiable Assets	6,363.3				6,363.3				6,160.9
Newell Consumer Segment [Member]
Net Sales	814.6	[1]	832.1	[1]	2,262.6	[1]	2,322.3	[1]
Operating Profit (Loss)	137.9	[2],[3]	128.8	[2],[3]	359.0	[2],[3]	363.1	[2],[3]
Restructuring costs	(1.3)		0		(12.2)		0
Identifiable Assets	1,496.2				1,496.2				1,363.7
Newell Professional Segment [Member]
Net Sales	535.4	[1]	541.6	[1]	1,571.4	[1]	1,545.4	[1]
Operating Profit (Loss)	70.6	[2]	84.5	[2]	204.9	[2]	214.2	[2]
Restructuring costs	(4.3)		0		(9.1)		0
Identifiable Assets	1,286.4				1,286.4				1,126.3
Baby & Parenting Segment [Member]
Net Sales	185.3	[1]	176.2	[1]	549.9	[1]	501.7	[1]
Operating Profit (Loss)	18.3	[2]	17.7	[2]	59.9	[2]	38.1	[2]
Restructuring costs	(0.5)		0		(0.7)		0
Identifiable Assets	308.6				308.6				305.3
Corporate [Member]
Operating Profit (Loss)	(24.7)	[3]	(35.1)	[3]	(88.2)	[3]	(88.8)	[3]
Restructuring costs	(7.6)		(5.5)		(15.5)		(12.3)
Identifiable Assets	3,272.1	[4]			3,272.1	[4]			3,365.6	[4]
United States [Member]
Net Sales	1,058.8	[1],[5]	1,041.0	[1],[5]	2,981.7	[1],[5]	2,915.1	[1],[5]
Operating Profit (Loss)	138.3	[2],[3],[6]	(137.3)	[2],[3],[6]	359.0	[2],[3],[6]	86.0	[2],[3],[6]
Impairment charges	0		(266.8)		0		(266.8)
Restructuring costs	(5.3)		0		(21.4)		0
Restructuring Related Costs					(7.1)
United States [Member] | Newell Consumer Segment [Member]
Restructuring Related Costs	(3.2)				(3.2)
United States [Member] | Corporate [Member]
Restructuring Related Costs					(3.9)
Canada [Member]
Net Sales	94.4	[1],[5]	103.3	[1],[5]	262.5	[1],[5]	284.7	[1],[5]
Operating Profit (Loss)	20.9	[2],[6]	25.1	[2],[6]	54.4	[2],[6]	61.5	[2],[6]
Impairment charges	0		0		0		0
Restructuring costs	(0.3)		0		(0.8)		0
Total North America [Member]
Net Sales	1,153.2	[1],[5]	1,144.3	[1],[5]	3,244.2	[1],[5]	3,199.8	[1],[5]
Operating Profit (Loss)	159.2	[2],[6]	(112.2)	[2],[6]	413.4	[2],[6]	147.5	[2],[6]
Impairment charges	0		(266.8)		0		(266.8)
Restructuring costs	(5.6)		0		(22.2)		0
Europe, Middle East and Africa [Member]
Net Sales	174.4	[1],[5]	203.7	[1],[5]	537.2	[1],[5]	617.2	[1],[5]
Operating Profit (Loss)	3.2	[2],[3],[6]	(4.5)	[2],[3],[6]	17.0	[2],[3],[6]	14.6	[2],[3],[6]
Impairment charges	0		(9.2)		0		(9.2)
Restructuring costs	(6.1)		(5.5)		(11.7)		(12.3)
Europe, Middle East and Africa [Member] | Corporate [Member]
Restructuring Related Costs	(5.4)		(11.5)		(22.0)		(25.8)
Latin America [Member]
Net Sales	86.4	[1],[5]	86.2	[1],[5]	245.3	[1],[5]	238.4	[1],[5]
Operating Profit (Loss)	6.2	[2],[6]	4.6	[2],[6]	2.6	[2],[6]	13.3	[2],[6]
Impairment charges	0		0		0		0
Restructuring costs	(1.7)		0		(2.6)		0
Asia Pacific [Member]
Net Sales	121.3	[1],[5]	115.7	[1],[5]	357.2	[1],[5]	314.0	[1],[5]
Operating Profit (Loss)	19.8	[2],[6]	(80.1)	[2],[6]	65.1	[2],[6]	(43.7)	[2],[6]
Impairment charges	0		(106.6)		0		(106.6)
Restructuring costs	(0.3)		0		(1.0)		0
Total International [Member]
Net Sales	382.1	[1],[5]	405.6	[1],[5]	1,139.7	[1],[5]	1,169.6	[1],[5]
Operating Profit (Loss)	29.2	[2],[6]	(80.0)	[2],[6]	84.7	[2],[6]	(15.8)	[2],[6]
Impairment charges	0		(115.8)		0		(115.8)
Restructuring costs	$ (8.1)		$ (5.5)		$ (15.3)		$ (12.3)
Wal-Mart Stores Inc. and Subsidiaries [Member]
Percentage of net sales	12.10%		12.50%		10.90%		10.90%

[1] All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 12.1% and 12.5% of consolidated net sales in the three months ended September 30, 2012 and 2011, respectively, and approximately 10.9% of consolidated net sales in the nine months ended September 30, 2012 and 2011.

[2] Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, impairment charges, and restructuring costs. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.

[3] The United States operating income is after considering $3.2 million and $7.1 million of incremental SG&A costs associated with Project Renewal for the three and nine months ended September 30, 2012, of which $3.2 million relates to the Consumer segment and $3.9 million relates to Corporate. The Europe, Middle East and Africa operating income is after considering $5.4 million and $11.5 million of incremental SG&A costs associated with the European Transformation Plan for the three months ended September 30, 2012 and 2011, respectively, and $22.0 million and $25.8 million for the nine months ended September 30, 2012 and 2011, respectively, all of which is included in Corporate.

[4] Corporate assets primarily include goodwill, capitalized software, cash and deferred tax assets.

[5] Geographic sales information is based on the region from which the products are shipped and invoiced.

[6] The following table summarizes the restructuring costs and impairment charges by region included in operating income (loss) above (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2012 2011 2012 2011Restructuring Costs United States$5.3 $— $21.4 $—Canada0.3 — 0.8 —Total North America5.6 — 22.2 —Europe, Middle East and Africa6.1 5.5 11.7 12.3Latin America1.7 — 2.6 —Asia Pacific0.3 — 1.0 —Total International8.1 5.5 15.3 12.3 $13.7 $5.5 $37.5 $12.3 Three Months Ended Nine Months Ended September 30, September 30, 2012 2011 2012 2011Impairment Charges United States$— $266.8 $— $266.8Canada— — — —Total North America— 266.8 — 266.8Europe, Middle East and Africa— 9.2 — 9.2Latin America— — — —Asia Pacific— 106.6 — 106.6Total International— 115.8 — 115.8 $— $382.6 $— $382.6

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Derivatives (Schedule Of Outstanding Derivative Instruments) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets	$ 42.7	$ 38.2
Fair Value, Liabilities	3.2	0
Fair Value Of Non Hedge Derivatives Immaterial Assertion	0
Interest Rate Swaps [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets	41.3	35.8
Interest Rate Swaps [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Liabilities	0	0
Forward Interest Rate Swaps [Member] | Prepaid Expenses And Other [Member]
Fair Value, Assets	1.0	0
Forward Interest Rate Swaps [Member] | Other Accrued Liabilities [Member]
Fair Value, Liabilities	0.7	0
Foreign Exchange Contract [Member] | Prepaid Expenses And Other [Member]
Fair Value, Assets	0.1	1.9
Foreign Exchange Contract [Member] | Other Accrued Liabilities [Member]
Fair Value, Liabilities	0.8	0
Foreign Exchange Contracts on Intercompany Borrowings [Member] | Prepaid Expenses And Other [Member]
Fair Value, Assets	0.3	0.5
Foreign Exchange Contracts on Intercompany Borrowings [Member] | Other Accrued Liabilities [Member]
Fair Value, Liabilities	0	0
Commodity Contract [Member] | Prepaid Expenses And Other [Member]
Fair Value, Assets	0	0
Commodity Contract [Member] | Other Accrued Liabilities [Member]
Fair Value, Liabilities	$ 1.7	$ 0

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Inventories, Net (Components Of Net Inventories) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Inventory, Net [Abstract]
Materials and supplies	$ 142.6	$ 130.8
Work in process	128.3	105.6
Finished products	551.9	463.5
Inventories, net	$ 822.8	$ 699.9

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Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Non-Pension Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables present the Company’s non-pension financial assets and liabilities which are measured at fair value on a recurring basis (in millions):

Description	Fair Value as of September 30, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant     Unobservable     Inputs (Level 3)
Assets
Investment securities, including mutual funds (1)	$	10.8	$	8.0	$	2.8	$	—
Interest rate swaps (2)	41.3		—		41.3		—
Forward interest rate swaps (2)	1.0		—		1.0		—
Foreign currency derivatives (2)	0.4		—		0.4		—
Total	$	53.5	$	8.0	$	45.5	$	—
Liabilities
Forward interest rate swaps (2)	$	0.7	$	—	$	0.7	$	—
Foreign currency derivatives (2)	0.8		—		0.8		—
Commodity swap (2)	1.7		—		1.7		—
Total	$	3.2	$	—	$	3.2	$	—
Description	Fair Value as of December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Investment securities, including mutual funds (1)	$	17.7	$	7.3	$	10.4	$	—
Interest rate swaps (2)	35.8		—		35.8		—
Foreign currency derivatives (2)	2.4		—		2.4		—
Total	$	55.9	$	7.3	$	48.6	$	—

Fair Value Of Certain Short And Long-Term Debt, Based On Market Prices

The fair values of certain of the Company’s long-term debt are based on quoted market prices (Level 1) and are as follows (in millions):

	September 30, 2012				December 31, 2011
	Fair Value		Book Value		Fair Value		Book Value
Medium-term notes	$	1,953.8	$	1,869.2	$	1,679.7	$	1,632.3
Preferred securities underlying the junior convertible subordinated debentures	—		—		356.0		421.2

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Subsequent Events Renewal Expansion (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Dec. 31, 2012	Sep. 30, 2012
Subsequent Event [Line Items]
Number of Global Business Units in 2012		9
Number of Business Segments	6
Project Renewal [Member]
Subsequent Event [Line Items]
Number of Global Business Units in 2012		9
Restructuring and Related Activities, Completion Date		Jun. 30, 2015
Renewal Expansion, Low Estimate [Domain]
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost		250
Cash expected to be paid for restructuring		225
Renewal Expansion, High Estimate [Domain]
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost		275
Cash expected to be paid for restructuring		250
Renewal Expansion Phase [Domain]
Subsequent Event [Line Items]
Employee Related Cash Restructuring Costs As A Percentage Of Total Cash Restructuring Costs		80.00%
Renewal Combined, Low Estimate [Domain]
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost		340
Cash expected to be paid for restructuring		300
Renewal Combined, High Estimate [Domain]
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost		375
Cash expected to be paid for restructuring		340

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Derivatives (Cash Flow Hedges Reclassified From AOCI) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Amount of Gain (Loss) Reclassified from AOCI to Income	$ (1.7)	$ (1.8)	$ (1.5)	$ (6.8)
Foreign Exchange Contract on Inventory-Related Purchases [Member] | Cost of Products Sold [Member]
Amount of Gain (Loss) Reclassified from AOCI to Income	(0.3)	(1.5)	0.5	(6.2)
Foreign Exchange Contracts on Intercompany Borrowings [Member] | Interest Expense, Net [Member]
Amount of Gain (Loss) Reclassified from AOCI to Income	0	(0.3)	(0.1)	(0.6)
Commodity Contract [Member] | Cost of Products Sold [Member]
Amount of Gain (Loss) Reclassified from AOCI to Income	$ (1.4)	$ 0	$ (1.9)	$ 0

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Other Accrued Liabilities (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Other accrued liabilities	$ 673.4	$ 693.5
Customer Accuruals [Member]
Other accrued liabilities	252.5	250.7
Accruals For Manufacturing, Marketing And Freight Expenses [Member]
Other accrued liabilities	106.2	105.1
Accrued Pension, Defined Contribution And Other Postretirement Benefits [Member]
Other accrued liabilities	50.0	54.6
Accrued Self-Insurance Liabilities [Member]
Other accrued liabilities	69.2	66.8
Accrued Contingencies, Primarily Legal, Environmental And Warranty [Member]
Other accrued liabilities	36.8	37.2
Accrued Restructuring [Member]
Other accrued liabilities	37.3	33.0
Other Accrued Liabilities [Member]
Other accrued liabilities	$ 121.4	$ 146.1

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Stockholders' Equity And Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Components Of Accumulated Other Comprehensive Loss

The following table displays the components of accumulated other comprehensive loss as of September 30, 2012 (in millions):

	Foreign Currency Translation (Loss) Income			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging Income (Loss), Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2011	$	(207.1	)	$	(501.3	)	$	1.4		$	(707.0	)
Current period change	26.2			7.6			(2.9		)	30.9
Balance at September 30, 2012	$	(180.9	)	$	(493.7	)	$	(1.5	)	$	(676.1	)

Statement [Line Items]

Schedule of Comprehensive Income (Loss) [Table Text Block]

The following table depicts the components of other comprehensive income (loss) presented on a pretax basis and the associated income tax impact (in millions):

	Foreign Currency Translation (Loss) Income			Change in Unrecognized Pension & Other Postretirement Costs			Derivative Hedging Income (Loss)			Other     Comprehensive  Income (Loss)
Three months ended September 30, 2012
Pretax	$	30.7		$	2.7		$	(1.5	)	$	31.9
Tax (expense) benefit	—			(2.0		)	0.3			(1.7		)
After-tax	$	30.7		$	0.7		$	(1.2	)	$	30.2
Three months ended September 30, 2011
Pretax	$	(79.5	)	$	5.7		$	4.2		$	(69.6	)
Tax (expense) benefit	—			(1.5		)	(1.1		)	(2.6		)
After-tax	$	(79.5	)	$	4.2		$	3.1		$	(72.2	)
Nine months ended September 30, 2012
Pretax	$	26.2		$	13.8		$	(4.1	)	$	35.9
Tax (expense) benefit	—			(6.2		)	1.2			(5.0		)
After-tax	$	26.2		$	7.6		$	(2.9	)	$	30.9
Nine months ended September 30, 2011
Pretax	$	(24.7	)	$	20.0		$	2.0		$	(2.7	)
Tax (expense) benefit	—			(4.7		)	(0.8		)	(5.5		)
After-tax	$	(24.7	)	$	15.3		$	1.2		$	(8.2	)

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Debt (Convertible Notes) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010 Convertible Notes Exchange Offer [Member]	Sep. 30, 2011 Convertible Notes Exchange Offer [Member]	Mar. 31, 2011 Convertible Notes Exchange Offer [Member]	Sep. 30, 2010 Convertible Notes [Member]
Principal amount of note					$ 324.7		$ 20.0	$ 345.0
Cash paid in exchange offer					52.0	3.1
Shares issued approximately					37.7	2.3
Fair market value of common stock at settlement						47.4
Fair value of the liability component of Convertible Notes Exchanged							21.8
Carrying value of Convertible Notes exchanged						17.3
Loss related to extinguishment of debt	$ 6.8	$ 0	$ 6.8	$ 4.8		$ 4.8

XML

Restructuring Costs (Schedule Of Restructuring Costs Recognized) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended	3 Months Ended		9 Months Ended		25 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Project Renewal [Member]	Sep. 30, 2012 Project Renewal [Member]	Sep. 30, 2012 Project Renewal [Member]	Sep. 30, 2012 European Transformation Plan [Member]	Sep. 30, 2011 European Transformation Plan [Member]	Sep. 30, 2012 European Transformation Plan [Member]	Sep. 30, 2011 European Transformation Plan [Member]	Sep. 30, 2012 European Transformation Plan [Member]
Employee severance, termination benefits and relocation costs					$ 5.1	$ 17.8
Exited contractual commitments and other					2.0	7.5
Restructuring costs	$ 13.7	$ 5.5	$ 37.5	$ 12.3	$ 7.1	$ 25.3	$ 56.5	$ 6.6	$ 5.5	$ 12.2	$ 12.3	$ 31.1

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Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue	$ 0	$ 2.8	$ 0	$ 58.8
Income (Loss) from Operations of Discontinued Operations, Net of Tax	0	4.0	0	7.1
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period	0	2.0	0	3.4
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	1.7	(15.2)	1.7	(15.2)
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation	3.4	1.3	3.4	1.3
Income (Loss) from Discontinued Operations, Net of Tax	1.7	(11.2)	1.7	(8.1)
Cash consideration on sale of business		51.0
Escrow Deposits		8.0
Proceeds From Escrow Received During The Period			$ 7.8

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Debt (Receivables-Related Borrowings) (Details) (USD $) In Millions, unless otherwise specified			3 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Receivables Facility [Member]
Maximum borrowing capacity			$ 200.0
Maturity date			Sep. 01, 2013
Accounts receivable as collateral for receivables facility			623.5
Receivables facility	$ 200.0	$ 100.0
Weighted average interest rate	0.90%

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Fair Value Disclosures (Non-Pension Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012		Dec. 31, 2011		Sep. 30, 2011	Dec. 31, 2010
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 53.5		$ 55.9
Liabilities	3.2
Cash and cash equivalents	250.1		170.2		138.9	139.6
Other assets	372.3		429.4
Investment Securities, Including Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	10.8		17.7
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	41.3		35.8
Forward Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.0
Liabilities	0.7
Foreign Currency Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.4		2.4
Liabilities	0.8
Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	1.7
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0.4		5.1
Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets	10.4		12.6
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	8.0		7.3
Liabilities	0
Fair Value, Inputs, Level 1 [Member] | Investment Securities, Including Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	8.0	[1]	7.3	[1]
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0		0
Fair Value, Inputs, Level 1 [Member] | Forward Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	0
Fair Value, Inputs, Level 1 [Member] | Foreign Currency Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0		0
Fair Value, Inputs, Level 1 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	45.5		48.6
Liabilities	3.2
Fair Value, Inputs, Level 2 [Member] | Investment Securities, Including Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2.8	[1]	10.4	[1]
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	41.3	[2]	35.8	[2]
Fair Value, Inputs, Level 2 [Member] | Forward Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.0	[2]
Liabilities	0.7	[2]
Fair Value, Inputs, Level 2 [Member] | Foreign Currency Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.4	[2]	2.4	[2]
Liabilities	0.8	[2]
Fair Value, Inputs, Level 2 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	1.7	[2]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0		0
Liabilities	0
Fair Value, Inputs, Level 3 [Member] | Investment Securities, Including Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0		0
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0		0
Fair Value, Inputs, Level 3 [Member] | Forward Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	0
Fair Value, Inputs, Level 3 [Member] | Foreign Currency Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0		0
Fair Value, Inputs, Level 3 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ 0

[1] The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($0.4 million and $5.1 million as of September 30, 2012 and December 31, 2011, respectively) and other assets ($10.4 million and $12.6 million as of September 30, 2012 and December 31, 2011, respectively). For mutual funds that are publicly traded, fair value is determined on the basis of quoted market prices and, accordingly, these investments have been classified as Level 1. Other investment securities are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date and have been classified as Level 2.

[2] The fair values of the Company's derivative instruments are based on valuation models using observable market inputs and as such have been classified as Level 2.

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Employee Benefit And Retirement Plans (Schedule Of Other Postretirement Benefit Costs) (Details) (Other Postretirement Benefit Plans, Defined Benefit [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost-benefits earned during the period	$ 0.3	$ 0.3	$ 0.9	$ 0.9
Interest cost on projected benefit obligation	1.8	2.1	5.4	6.3
Amortization of prior service benefit and actuarial loss, net	(0.3)	(0.3)	(0.9)	(0.9)
Net other postretirement benefit costs	$ 1.8	$ 2.1	$ 5.4	$ 6.3

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Debt (Summary Of Outstanding Debt) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Jul. 15, 2012	Dec. 31, 2011
Debt Instrument [Line Items]
Medium-term notes	$ 1,869.2		$ 1,632.3
Junior convertible subordinated debentures	0	436.7	436.7
Commercial paper	86.7		0
Receivables facility	200.0		100.0
Other debt	8.2		7.8
Total debt	2,164.1		2,176.8
Short-term debt	(291.0)		(103.6)
Current portion of long-term debt	(507.0)		(263.9)
Long-term debt	$ 1,366.1		$ 1,809.3

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Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)

Stockholders’ Equity and Accumulated Other Comprehensive Loss

In August 2011, the Company announced a $300.0 millionthree-year share repurchase program (the "SRP"). Under the SRP, the Company may repurchase its own shares of common stock through a combination of a 10b5-1 automatic trading plan, discretionary market purchases or in privately negotiated transactions. The SRP is authorized to run for a period of three years ending in August 2014. During the nine months ended September 30, 2012, the Company repurchased 3.8 million shares pursuant to the SRP for $67.2 million, and such shares were immediately retired. Through September 30, 2012, the Company has repurchased and retired 7.2 million shares at an aggregate cost of $113.3 million, since the commencement of the SRP in August 2011.

The following table displays the components of accumulated other comprehensive loss as of September 30, 2012 (in millions):

	Foreign Currency Translation (Loss) Income			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging Income (Loss), Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2011	$	(207.1	)	$	(501.3	)	$	1.4		$	(707.0	)
Current period change	26.2			7.6			(2.9		)	30.9
Balance at September 30, 2012	$	(180.9	)	$	(493.7	)	$	(1.5	)	$	(676.1	)

The following table depicts the components of other comprehensive income (loss) presented on a pretax basis and the associated income tax impact (in millions):

	Foreign Currency Translation (Loss) Income			Change in Unrecognized Pension & Other Postretirement Costs			Derivative Hedging Income (Loss)			Other     Comprehensive  Income (Loss)
Three months ended September 30, 2012
Pretax	$	30.7		$	2.7		$	(1.5	)	$	31.9
Tax (expense) benefit	—			(2.0		)	0.3			(1.7		)
After-tax	$	30.7		$	0.7		$	(1.2	)	$	30.2
Three months ended September 30, 2011
Pretax	$	(79.5	)	$	5.7		$	4.2		$	(69.6	)
Tax (expense) benefit	—			(1.5		)	(1.1		)	(2.6		)
After-tax	$	(79.5	)	$	4.2		$	3.1		$	(72.2	)
Nine months ended September 30, 2012
Pretax	$	26.2		$	13.8		$	(4.1	)	$	35.9
Tax (expense) benefit	—			(6.2		)	1.2			(5.0		)
After-tax	$	26.2		$	7.6		$	(2.9	)	$	30.9
Nine months ended September 30, 2011
Pretax	$	(24.7	)	$	20.0		$	2.0		$	(2.7	)
Tax (expense) benefit	—			(4.7		)	(0.8		)	(5.5		)
After-tax	$	(24.7	)	$	15.3		$	1.2		$	(8.2	)

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2011
Income Tax Benefit Associated With Impairment Charges		$ 76.2
Reduction of unrecognized tax benefits	$ 28.2	$ 49.0

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Restructuring Costs (Restructuring Reserves By Cost Type) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Project Renewal [Member]
Beginning Balance	$ 15.7
Restructuring Reserve, Period Increase (Decrease)	25.3
Costs Incurred	(23.2)
Ending Balance	17.8
Project Renewal [Member] | Employee Severance, Termination Benefits And Relocation Costs [Member]
Beginning Balance	11.2
Restructuring Reserve, Period Increase (Decrease)	17.8
Costs Incurred	(15.8)
Ending Balance	13.2
Project Renewal [Member] | Contract Termination [Member]
Beginning Balance	4.5
Restructuring Reserve, Period Increase (Decrease)	7.5
Costs Incurred	(7.4)
Ending Balance	4.6
European Transformation Plan [Member]
Beginning Balance	8.1
Restructuring Reserve, Period Increase (Decrease)	12.2
Costs Incurred	(7.6)
Ending Balance	12.7
European Transformation Plan [Member] | Employee Severance, Termination Benefits And Relocation Costs [Member]
Beginning Balance	6.0
Restructuring Reserve, Period Increase (Decrease)	9.7
Costs Incurred	(5.9)
Ending Balance	9.8
European Transformation Plan [Member] | Contract Termination [Member]
Beginning Balance	2.1
Restructuring Reserve, Period Increase (Decrease)	2.5
Costs Incurred	(1.7)
Ending Balance	2.9
Project Acceleration [Member]
Beginning Balance	9.2
Restructuring Reserve, Period Increase (Decrease)	0
Costs Incurred	(2.4)
Ending Balance	6.8
Project Acceleration [Member] | Employee Severance, Termination Benefits And Relocation Costs [Member]
Beginning Balance	3.3
Restructuring Reserve, Period Increase (Decrease)	0
Costs Incurred	(1.5)
Ending Balance	1.8
Project Acceleration [Member] | Contract Termination [Member]
Beginning Balance	5.9
Restructuring Reserve, Period Increase (Decrease)	0
Costs Incurred	(0.9)
Ending Balance	$ 5.0

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Derivatives (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments, Gain (Loss) [Line Items]

Schedule Of Derivative Instruments

The following table summarizes the Company’s outstanding derivative instruments and their effects on the Condensed Consolidated Balance Sheets as of September 30, 2012 and December 31, 2011 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	September 30, 2012		December 31, 2011		Balance Sheet Location	September 30, 2012		December 31, 2011
Interest rate swaps	Other assets	$	41.3	$	35.8	Other liabilities	$	—	$	—
Forward interest rate swaps	Prepaid expenses and other	1.0		—		Other accrued liabilities	0.7		—
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other	0.1		1.9		Other accrued liabilities	0.8		—
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	0.3		0.5		Other accrued liabilities	—		—
Commodity swap	Prepaid expenses and other	—		—		Other accrued liabilities	1.7		—
Total assets		$	42.7	$	38.2	Total liabilities	$	3.2	$	—

Fair Value Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Schedule Of Pretax Effects Of Derivative Instruments Designated As Hedges

The following table presents the pretax effects of derivative instruments designated as fair value hedges on the Company’s Condensed Consolidated Statements of Operations (in millions):

Derivatives in fair value hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) recognized in income
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2012			2011			2012			2011
Interest rate swaps	Interest expense, net	$	2.3		$	16.6		$	5.5		$	15.8
Fixed-rate debt	Interest expense, net	$	(2.3	)	$	(16.6	)	$	(5.5	)	$	(15.8	)

Cash Flow Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Schedule Of Pretax Effects Of Derivative Instruments Designated As Hedges

The following table presents the pretax effects of derivative instruments designated as cash flow hedges on the Company’s Condensed Consolidated Statements of Operations and AOCI (in millions):

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) reclassified from AOCI into income
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2012			2011			2012			2011
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	(0.3	)	$	(1.5	)	$	0.5		$	(6.2	)
Foreign exchange contracts on intercompany borrowings	Interest expense, net	—			(0.3		)	(0.1		)	(0.6		)
Commodity swap	Cost of products sold	(1.4		)	—			(1.9		)	—
		$	(1.7	)	$	(1.8	)	$	(1.5	)	$	(6.8	)

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012			2011		2012			2011
Foreign exchange contracts on inventory-related purchases	$	(2.0	)	$	2.5	$	(2.1	)	$	(4.5	)
Foreign exchange contracts on intercompany borrowings	(2.0		)	2.9		(0.4		)	0.8
Forward interest rate swaps	(0.8		)	—		0.3			—
Commodity swap	(0.4		)	—		(3.6		)	—
	$	(5.2	)	$	5.4	$	(5.8	)	$	(3.7	)

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Debt (Tables)

9 Months Ended

Sep. 30, 2012

Long-term Debt, Other Disclosures [Abstract]

Summary Of Outstanding Debt

The following is a summary of outstanding debt (in millions):

	September 30, 2012			December 31, 2011
Medium-term notes	$	1,869.2		$	1,632.3
Junior convertible subordinated debentures	—			436.7
Commercial paper	86.7			—
Receivables facility	200.0			100.0
Other debt	8.2			7.8
Total debt	2,164.1			2,176.8
Short-term debt	(291.0		)	(103.6		)
Current portion of long-term debt	(507.0		)	(263.9		)
Long-term debt	$	1,366.1		$	1,809.3

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Derivatives (Fair Value Hedges) (Details) (Interest Expense, Net [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Interest Rate Swaps [Member]
Amount of gain (loss) recognized in income	$ 2.3	$ 16.6	$ 5.5	$ 15.8
Fixed Rate Debt [Member]
Amount of gain (loss) recognized in income	$ (2.3)	$ (16.6)	$ (5.5)	$ (15.8)

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Restructuring Costs (Restructuring Reserves By Segment) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Project Renewal [Member]
Beginning Balance	$ 15.7
Restructuring Reserve, Period Increase (Decrease)	25.3
Restructuring Reserve Settled	(23.2)
Ending Balance	17.8
Project Renewal [Member] | Newell Consumer Segment [Member]
Beginning Balance	8.7
Restructuring Reserve, Period Increase (Decrease)	12.2
Restructuring Reserve Settled	(11.3)
Ending Balance	9.6
Project Renewal [Member] | Newell Professional Segment [Member]
Beginning Balance	2.4
Restructuring Reserve, Period Increase (Decrease)	9.1
Restructuring Reserve Settled	(6.4)
Ending Balance	5.1
Project Renewal [Member] | Baby & Parenting Segment [Member]
Beginning Balance	1.8
Restructuring Reserve, Period Increase (Decrease)	0.7
Restructuring Reserve Settled	(1.8)
Ending Balance	0.7
Project Renewal [Member] | Corporate [Member]
Beginning Balance	2.8
Restructuring Reserve, Period Increase (Decrease)	3.3
Restructuring Reserve Settled	(3.7)
Ending Balance	2.4
Project Acceleration [Member]
Beginning Balance	9.2
Restructuring Reserve, Period Increase (Decrease)	0
Restructuring Reserve Settled	(2.4)
Ending Balance	6.8
Project Acceleration [Member] | Newell Consumer Segment [Member]
Beginning Balance	2.7
Restructuring Reserve, Period Increase (Decrease)	0
Restructuring Reserve Settled	(0.1)
Ending Balance	2.6
Project Acceleration [Member] | Newell Professional Segment [Member]
Beginning Balance	3.7
Restructuring Reserve, Period Increase (Decrease)	0
Restructuring Reserve Settled	(0.6)
Ending Balance	3.1
Project Acceleration [Member] | Corporate [Member]
Beginning Balance	2.8
Restructuring Reserve, Period Increase (Decrease)	0
Restructuring Reserve Settled	(1.7)
Ending Balance	$ 1.1

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Employee Benefit And Retirement Plans (Tables)

9 Months Ended

Sep. 30, 2012

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule Of Company's Pension Cost And Supplemental Retirement Plans

The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the three months ended September 30, (in millions):

	U.S.						International
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	0.8		$	1.1		$	1.6		$	1.4
Interest cost on projected benefit obligation	11.5			12.4			6.2			6.2
Expected return on plan assets	(14.9		)	(14.9		)	(6.2		)	(6.6		)
Amortization of prior service cost, actuarial loss and other	5.6			4.3			0.5			0.2
Net periodic pension cost	$	3.0		$	2.9		$	2.1		$	1.2

The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the nine months ended September 30, (in millions):

	U.S.						International
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	2.4		$	3.3		$	4.8		$	4.4
Interest cost on projected benefit obligation	34.5			37.1			18.6			19.6
Expected return on plan assets	(44.7		)	(44.7		)	(18.6		)	(20.8		)
Amortization of prior service cost, actuarial loss and other	16.9			13.0			1.5			2.9
Net periodic pension cost	$	9.1		$	8.7		$	6.3		$	6.1

The following table presents the components of the Company’s other postretirement benefit costs for the three and nine months ended September 30, (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	0.3		$	0.3		$	0.9		$	0.9
Interest cost on projected benefit obligation	1.8			2.1			5.4			6.3
Amortization of prior service benefit and actuarial loss, net	(0.3		)	(0.3		)	(0.9		)	(0.9		)
Net other postretirement benefit costs	$	1.8		$	2.1		$	5.4		$	6.3

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule Of Calculation Of Basic And Diluted Earnings Per Share

The calculation of basic and diluted earnings per share is as follows (in millions, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
Numerator for basic and diluted earnings per share:
Income (loss) from continuing operations	$	106.6	$	(166.4	)	$	297.7	$	52.9
Income (loss) from discontinued operations	1.7		(11.2		)	1.7		(8.1		)
Net income (loss)	$	108.3	$	(177.6	)	$	299.4	$	44.8
Dividends and equivalents for share-based awards expected to be forfeited	—		—			—		0.1
Net income (loss) for basic earnings per share	$	108.3	$	(177.6	)	$	299.4	$	44.9
Effect of Preferred Securities (1)	—		—			—		—
Net income (loss) for diluted earnings per share	$	108.3	$	(177.6	)	$	299.4	$	44.9
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	288.0		290.8			288.9		291.1
Share-based payment awards classified as participating securities (2)	2.7		—			2.8		3.1
Denominator for basic earnings per share	290.7		290.8			291.7		294.2
Dilutive securities (3)	2.0		—			2.1		2.3
Convertible Notes (4)	—		—			—		0.3
Preferred Securities (1)	—		—			—		—
Denominator for diluted earnings per share	292.7		290.8			293.8		296.8
Basic earnings per share:
Income (loss) from continuing operations	$	0.37	$	(0.57	)	$	1.02	$	0.18
Income (loss) from discontinued operations	0.01		(0.04		)	0.01		(0.03		)
Net income (loss)	$	0.37	$	(0.61	)	$	1.03	$	0.15
Diluted earnings per share:
Income (loss) from continuing operations	$	0.36	$	(0.57	)	$	1.01	$	0.18
Income (loss) from discontinued operations	0.01		(0.04		)	0.01		(0.03		)
Net income (loss)	$	0.37	$	(0.61	)	$	1.02	$	0.15

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Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

On July 1, 2011, the Company sold its hand torch and solder business to an affiliate of Worthington Industries, Inc. for cash consideration of $51.0 million, $8.0 million of which were held in escrow for a period of one year following the transaction date. As of September 30, 2012, all conditions related to the escrow were satisfied and resolved, and the Company had received $7.8 million from the escrow and recognized the proceeds as a gain from the sale of the hand torch and solder business in discontinued operations.

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the hand torch and solder business (in millions):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
Net sales	$	—	$	2.8		$	—	$	58.8
Income from discontinued operations, net of income tax expense of $2.0 and $3.4 for the three and nine months ended September 30, 2011, respectively	$	—	$	4.0		$	—	$	7.1
Gain (loss) on disposal, including income tax expense of $3.4 for the three and nine months ended September 30, 2012, and income tax expense of $1.3 for the three and nine months ended September 30, 2011	1.7		(15.2		)	1.7		(15.2		)
Income (loss) from discontinued operations, net of tax	$	1.7	$	(11.2	)	$	1.7	$	(8.1	)

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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Share-based Compensation [Abstract]

Summary Of Changes In Stock Options

The following table summarizes the changes in the number of shares of common stock under option for the nine months ended September 30, 2012 (in millions, except per share value):

	Shares		Weighted-Average Exercise Price		Exercisable at Period End	Aggregate     Intrinsic     Value     Exercisable
Outstanding at December 31, 2011	15.4		$	21	9.8	$	5.4
Exercised	(1.5	)	8
Forfeited / expired	(1.7	)	26
Outstanding at September 30, 2012	12.2		$	22	9.9	$	14.8

Summary Of Changes in Restricted Stock And Restricted Stock Units

The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the nine months ended September 30, 2012 (shares in millions):

	Shares		Weighted-     Average Grant      Date Fair Value
Outstanding at December 31, 2011	6.1		$	13
Granted	2.0		19
Vested	(2.1	)	10
Forfeited	(0.4	)	17
Outstanding at September 30, 2012	5.6		$	17

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Stockholders' Equity And Accumulated Other Comprehensive Income Schedule of Other Comprehensive Income, Tax Impact (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	$ 30.7	$ (79.5)	$ 26.2	$ (24.7)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	0	0	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	30.7	(79.5)	26.2	(24.7)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	2.7	5.7	13.8	20.0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	(2.0)	(1.5)	(6.2)	(4.7)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	0.7	4.2	7.6	15.3
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax	(1.5)	4.2	(4.1)	2.0
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	0.3	(1.1)	1.2	(0.8)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(1.2)	3.1	(2.9)	1.2
Other Comprehensive Income (Loss), before Tax	31.9	(69.6)	35.9	(2.7)
Other Comprehensive Income (Loss), Tax	(1.7)	(2.6)	(5.0)	(5.5)
Other Comprehensive Income (Loss), Net of Tax	$ 30.2	$ (72.2)	$ 30.9	$ (8.2)

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Debt (Revolving Credit Facility And Commercial Paper) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Amount available for borrowing	$ 800.0
Revolving credit facility expiration date	Dec. 02, 2016
Outstanding commercial paper obligations	86.7	0
Standby Letters Of Credit [Member]
Standby letters of credit outstanding	$ 0

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Litigation And Contingencies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Minimum [Member]	Sep. 30, 2012 Maximum [Member]	Sep. 30, 2012 Lower Passaic River Matter [Member]
Product liability reserves	$ 42.8	$ 39.7
Range of possible loss, maximum	4.0
Environmental Loss Exposure Low Estimate			21.5
Maximum estimated environmental cost				25.6
Environmental remediation reserve	21.7
Estimated present value of long term obligation	18.7
Undiscounted obligation value	$ 26.7
Discount rate on obligation	5.00%
Number Of Company Subsidiaries That Are Named Defendants					2
Number Of Former Company Facilities Involved In Environmental Litigation Matter					2
Number of Third Party Defendants					300
Number of General Notice Letter Recipients Involved In Remedial Investigation and Feasibility Study					72

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Condensed Consolidated Statements Of Operations (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net sales	$ 1,535.3	$ 1,549.9	$ 4,383.9	$ 4,369.4
Cost of products sold	953.0	970.6	2,709.8	2,720.8
GROSS MARGIN	582.3	579.3	1,674.1	1,648.6
Selling, general and administrative expenses	380.2	383.4	1,138.5	1,122.0
Impairment charges	0	382.6	0	382.6
Restructuring costs	13.7	5.5	37.5	12.3
Operating Income (Loss)	188.4	(192.2)	498.1	131.7
Nonoperating expenses:
Interest expense, net	18.0	21.8	58.7	65.0
Loss related to extinguishment of debt	6.8	0	6.8	4.8
Other expense (income), net	(1.2)	6.0	(0.8)	11.0
Net nonoperating expenses	23.6	27.8	64.7	80.8
Income (Loss) Before Income Taxes	164.8	(220.0)	433.4	50.9
Income Tax Expense (Benefit)	58.2	(53.6)	135.7	(2.0)
Income (Loss) from Continuing Operations	106.6	(166.4)	297.7	52.9
Income (Loss) from Discontinued Operations, Net of Tax	1.7	(11.2)	1.7	(8.1)
NET INCOME (LOSS)	$ 108.3	$ (177.6)	$ 299.4	$ 44.8
Weighted average shares outstanding:
Basic	290.7	290.8	291.7	294.2
Diluted	292.7	290.8	293.8	296.8
Earnings per share:
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.37	$ (0.57)	$ 1.02	$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share	$ 0.01	$ (0.04)	$ 0.01	$ (0.03)
Net income, Per Basic Share	$ 0.37	$ (0.61)	$ 1.03	$ 0.15
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.36	$ (0.57)	$ 1.01	$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	$ 0.01	$ (0.04)	$ 0.01	$ (0.03)
Net income, Per Diluted Share	$ 0.37	$ (0.61)	$ 1.02	$ 0.15
Dividends per share	$ 0.10	$ 0.08	$ 0.28	$ 0.21

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Restructuring Costs (Schedule Of Restructuring Costs Recognized By Segment) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Restructuring costs	$ 13.7	$ 5.5	$ 37.5	$ 12.3
Newell Consumer Segment [Member]
Restructuring costs	1.3	0	12.2	0
Newell Professional Segment [Member]
Restructuring costs	4.3	0	9.1	0
Baby & Parenting Segment [Member]
Restructuring costs	0.5	0	0.7	0
Corporate [Member]
Restructuring costs	$ 7.6	$ 5.5	$ 15.5	$ 12.3

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
OPERATING ACTIVITIES:
NET INCOME	$ 299.4	$ 44.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	122.1	121.1
Impairment charges	0	382.6
(Gain) loss on disposal of discontinued operation	(5.2)	13.9
Loss related to extinguishment of debt	6.8	4.8
Deferred income taxes	72.7	12.1
Non-cash restructuring (benefits) costs	1.3	(1.5)
Stock-based compensation expense	26.3	28.4
Other, net	8.9	13.2
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	(61.5)	5.1
Inventories	(119.9)	(188.1)
Accounts payable	59.4	55.4
Accrued liabilities and other	(53.1)	(212.0)
Net Cash Provided by (Used in) Operating Activities	357.2	279.8
INVESTING ACTIVITIES:
Acquisitions and acquisition-related activity	(26.5)	(20.0)
Capital expenditures	(130.2)	(151.2)
Proceeds from sales of business and other noncurrent assets	20.9	39.0
Other	(3.2)	(7.2)
Net Cash Provided by (Used in) Investing Activities	(139.0)	(139.4)
FINANCING ACTIVITIES:
Short-term borrowings, net	186.4	98.9
Repayments of debt	(696.3)	(150.8)
Proceeds from issuance of debt, net of debt issuance costs	495.1	3.3
Payments for Repurchase and Retirement of Common Stock	(67.2)	(24.4)
Cash consideration paid for exchange of convertible notes	0	(3.1)	[1]
Cash dividends	(82.4)	(61.6)
Excess tax benefits related to stock-based compensation	11.6	0
Other, net	11.1	(4.5)
Net Cash Provided by (Used in) Financing Activities	(141.7)	(142.2)
Currency rate effect on cash and cash equivalents	3.4	1.1
Cash and Cash Equivalents, Period Increase (Decrease)	79.9	(0.7)
Cash and cash equivalents at beginning of period	170.2	139.6
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 250.1	$ 138.9

[1] Consideration provided in connection with the convertible notes exchanged in March 2011 consisted of cash as well as issuance of shares of the Company’s common stock, which issuance is not included in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2011. See Footnote 6 of the Notes to Condensed Consolidated Financial Statements for further information.

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Employee Benefit And Retirement Plans (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Contribution to Company-sponsored profit sharing plan	$ 18.8	$ 17.6

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Other Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2012

Accrued Liabilities [Abstract]

Other Accrued Liabilities

Other accrued liabilities included the following (in millions):

	September 30, 2012		December 31, 2011
Customer accruals	$	252.5	$	250.7
Accruals for manufacturing, marketing and freight expenses	106.2		105.1
Accrued self-insurance liabilities	69.2		66.8
Accrued pension, defined contribution and other postretirement benefits	50.0		54.6
Accrued contingencies, primarily legal, environmental and warranty	36.8		37.2
Accrued restructuring (See Footnote 4)	37.3		33.0
Other	121.4		146.1
Other accrued liabilities	$	673.4	$	693.5

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Stock-Based Compensation (Summary Of Changes Of Stock Options) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Share-based Compensation [Abstract]
Outstanding at December 31, 2011, Shares	15.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	(1.5)
Forfeited / expired, Shares	(1.7)
Outstanding at September 30, 2012, Shares	12.2
Outstanding at December 31, 2011, Weighted Average Exercise Price	$ 21
Share Based Compensation Arrangement By Share Based Payment Award, Options Exercises In Period, Weighted Average Ex Price	$ 8
Forfeited / expired, Weighted Average Exercise Price	$ 26
Outstanding at September 30, 2012, Weighted Average Exercise Price	$ 22
Outstanding at December 31, 2011, Exercisable at Period End	9.8
Outstanding at September 30, 2012, Exercisable at Period End	9.9
Outstanding at period end, Aggregate Intrinsic Value Exercisable	$ 14.8	$ 5.4

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Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Event [Line Items]

Subsequent Events [Text Block]

Subsequent Events

Renewal Expansion

In October 2012, the Company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the Company's Consumer and Professional groups will be eliminated and the Company's nine global business units will be streamlined into six business segments. The Company will begin reporting under the new structure in the fourth quarter of 2012.

In connection with the expansion of Project Renewal, the Company expects to incur incremental cash costs of $225 to $250 million, approximately 80% of which are employee-related cash costs, including severance, retirement, and other termination benefits and costs. The Company also expects to record pretax restructuring charges in the range of $250 to $275 million over the same period. Cumulative costs of the expanded Project Renewal are now expected to be $340 to $375 million pretax, with cash costs of $300 to $340 million. Project Renewal, as expanded, is expected to be complete by mid-2015.

Dividends

In October 2012, the Company's Board of Directors approved an increase in the quarterly dividend payable to stockholders from $0.10 per share to $0.15 per share, effective with the dividend payable in December 2012.

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Basis Of Presentation And Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Seasonal percentage of operating income	60.00%
Seasonal percentage of operating cash flows	65.00%
Net monetary assets	$ 60.3
Percentage of net sales generated by Venezuela, equal to or less than	1.00%
Minimum Exchange of Bolivar Fuerte [Member]
Foreign currency exchange rate	4.5
Maximum Exchange of Bolivar Fuerte [Member]
Foreign currency exchange rate	5.3

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Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2012

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the hand torch and solder business (in millions):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
Net sales	$	—	$	2.8		$	—	$	58.8
Income from discontinued operations, net of income tax expense of $2.0 and $3.4 for the three and nine months ended September 30, 2011, respectively	$	—	$	4.0		$	—	$	7.1
Gain (loss) on disposal, including income tax expense of $3.4 for the three and nine months ended September 30, 2012, and income tax expense of $1.3 for the three and nine months ended September 30, 2011	1.7		(15.2		)	1.7		(15.2		)
Income (loss) from discontinued operations, net of tax	$	1.7	$	(11.2	)	$	1.7	$	(8.1	)

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Fair Value Disclosures (Fair Value Of Certain Short And Long-term Debt, Based On Market Prices) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value Disclosures [Abstract]
Medium-term notes at Fair Value	$ 1,953.8	$ 1,679.7
Medium-term notes at Book Value	1,869.2	1,632.3
Preferred securities underlying the junior convertible subordinated debentures at Fair Value	0	356.0
Preferred securities underlying the junior convertible subordinated debentures at Book Value	$ 0	$ 421.2

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Basis Of Presentation And Significant Accounting Policies

9 Months Ended

Sep. 30, 2012

Basis Of Presentation And Significant Accounting Policies [Abstract]

Basis Of Presentation And Significant Accounting Policies

Basis of Presentation and Significant Accounting Policies

The accompanying unaudited condensed consolidated financial statements of Newell Rubbermaid Inc. (collectively with its subsidiaries, the “Company”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and do not include all the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and the results of operations. It is recommended that these unaudited condensed consolidated financial statements be read in conjunction with the financial statements, and the footnotes thereto, included in the Company’s latest Annual Report on Form 10-K.

Seasonal Variations

Sales of the Company’s products tend to be seasonal, with sales and operating income in the first quarter generally lower than any other quarter during the year, driven principally by reduced volume and the mix of products sold in the first quarter. Historically, the Company has earned more than 60% of its annual operating income during the second and third quarters of the year. The seasonality of the Company’s sales volume combined with the accounting for fixed costs, such as depreciation, amortization, rent, personnel costs and interest expense, impacts the Company’s results on a quarterly basis. In addition, the Company has historically generated more than 65% of its operating cash flow in the second half of the year due to seasonal variations in operating results, the timing of annual performance-based compensation payments, and credit terms provided to customers. Accordingly, the Company’s results for the three and nine months ended September 30, 2012 may not necessarily be indicative of the results that may be expected for the full year ending December 31, 2012.

Recent Accounting Pronouncements

Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs.

In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income," which requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income, or in two separate but consecutive statements. Additionally, ASU 2011-05 eliminates the option to present comprehensive income and its components as part of the statement of stockholders’ equity. Effective January 1, 2012, the Company adopted ASU 2011-05 as amended by ASU 2011-12, "Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05." ASU 2011-12 defers the effective date of provisions in ASU 2011-05 that require presentation of reclassifications out of comprehensive income by income statement line item on the statement of comprehensive income, with all other requirements of ASU 2011-05 unaffected. The Company adopted ASU 2011-05 and ASU 2011-12 beginning January 1, 2012 and has elected to present items of net income and other comprehensive income in two consecutive statements.

In September 2011, the FASB issued ASU 2011-08, "Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment," which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, a more detailed two-step goodwill impairment test will need to be performed which is used to identify potential goodwill impairments and to measure the amount of goodwill impairment losses to be recognized, if any. ASU 2011-08 is effective for annual and interim goodwill impairment tests performed by the Company after January 1, 2012. The Company adopted the guidance in ASU 2011-08 for its annual goodwill impairment test performed during the three months ended September 30, 2012, and the adoption of the guidance did not have a material impact on the Company's goodwill impairment test.

In July 2012, the FASB issued ASU 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment," which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If this is the case, a more detailed fair value calculation will need to be performed which is used to identify potential impairments and to measure the amount of impairment losses to be recognized, if any. To perform a qualitative assessment, an entity must identify and evaluate changes in economic, industry and entity-specific events and circumstances that could affect the significant inputs used to determine the fair value of an indefinite-lived intangible asset. ASU 2012-02 is effective for annual and interim impairment tests performed by the Company for fiscal years beginning after September 15, 2012, with early adoption permitted. The Company early adopted the provisions of ASU 2012-02 effective July 1, 2012, which coincides with its annual impairment tests for the year ending December 31, 2012. The adoption of ASU 2012-02 did not have a material impact on the Company's indefinite-lived intangibles impairment test results.

Other recently issued ASUs were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s consolidated financial position and results of operations.

Venezuelan Operations

The Company considers Venezuela a highly inflationary economy. Accounting standards require the functional currency of foreign operations operating in highly inflationary economies to be the same as the reporting currency of the Company. Accordingly, the functional currency of the Company’s Venezuelan operations is the U.S. Dollar. The Company’s Venezuelan operations had approximately $60.3 million of net monetary assets denominated in Bolivar Fuertes as of September 30, 2012 which are subject to changes in value based on changes in the Transaction System for Foreign Currency Denominated Securities (“SITME”) rate. In future periods, foreign exchange gains (losses) arising due to the appreciation (depreciation) of Bolivar Fuertes versus the U.S. Dollar will result in one-time benefits (charges) in each reporting period during which such exchange rate changes become effective. Foreign currency exchange through the SITME is allowed within a specified band of 4.5 to 5.3 Bolivar Fuerte to U.S. Dollar, but most of the exchanges have been executed at the rate of 5.3 Bolivar Fuerte to U.S. Dollar. During the three and nine months ended September 30, 2012, the Company’s Venezuelan operations generated 1% or less of consolidated net sales.

Income Taxes

At the end of each interim period, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year. This estimate reflects, among other items, the Company's best estimate of operating results and foreign currency exchange rates. The Company's quarterly income tax rate may differ from its estimated annual effective tax rate because accounting standards require the Company to exclude the actual results of certain entities expected to generate a pretax loss when applying the estimated annual effective tax rate to the Company's consolidated pretax results in interim periods. In estimating the annual effective tax rate, the Company does not include the estimated impact of unusual and/or infrequent items, which may cause significant variations in the customary relationship between income tax expense (benefit) and pretax income (loss).

Reclassifications

Certain 2011 amounts have been reclassified to conform to the 2012 presentation.

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Condensed Consolidated Statements Of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
NET INCOME (LOSS)	$ 108.3	$ (177.6)	$ 299.4	$ 44.8
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	30.7	(79.5)	26.2	(24.7)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	0.7	4.2	7.6	15.3
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(1.2)	3.1	(2.9)	1.2
Other Comprehensive Income (Loss), Net of Tax	30.2	(72.2)	30.9	(8.2)
COMPREHENSIVE INCOME (LOSS)	$ 138.5	$ (249.8)	$ 330.3	$ 36.6

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2012

Share-based Compensation [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The Company accounts for stock-based compensation pursuant to certain authoritative guidance which requires measurement of compensation cost for all stock awards at fair value on the date of grant and recognition of compensation, net of estimated forfeitures, over the requisite service period for awards expected to vest. The Company recognized $8.1 million and $11.7 million of pretax stock-based compensation expense during the three months ended September 30, 2012 and 2011, respectively, and $26.6 million and $28.4 million during the nine months ended September 30, 2012 and 2011, respectively.

The following table summarizes the changes in the number of shares of common stock under option for the nine months ended September 30, 2012 (in millions, except per share value):

	Shares		Weighted-Average Exercise Price		Exercisable at Period End	Aggregate     Intrinsic     Value     Exercisable
Outstanding at December 31, 2011	15.4		$	21	9.8	$	5.4
Exercised	(1.5	)	8
Forfeited / expired	(1.7	)	26
Outstanding at September 30, 2012	12.2		$	22	9.9	$	14.8

The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the nine months ended September 30, 2012 (shares in millions):

	Shares		Weighted-     Average Grant      Date Fair Value
Outstanding at December 31, 2011	6.1		$	13
Granted	2.0		19
Vested	(2.1	)	10
Forfeited	(0.4	)	17
Outstanding at September 30, 2012	5.6		$	17

During the nine months ended September 30, 2012, the Company awarded 1.0 million performance stock units which entitle recipients to shares of the Company’s stock at the end of a three-year vesting period, if specified market conditions are achieved (“PSUs”). The PSUs entitle recipients to shares of common stock equal to 0% up to 200% of the number of units granted at the vesting dates depending on the level of achievement of the specified market and service conditions. As of September 30, 2012, 2.1 million PSUs were outstanding, and based on performance through September 30, 2012, recipients of PSUs would be entitled to 1.5 million shares at the vesting date. The PSUs are included in the preceding table as if the participants earn shares equal to 100% of the units granted.

During 2011, the Company awarded 0.7 million performance stock units which entitle the Company's Chief Executive Officer to shares of the Company's stock if specified market and service conditions are achieved. The performance stock units vest no earlier than two years from the date of grant and no later than seven years from the date of grant. Based on performance through September 30, 2012, the market conditions have been achieved and, accordingly, the performance stock units will vest in July 2013 if the service conditions are achieved. The 0.7 million performance stock units are included in the preceding table as outstanding as of September 30, 2012 and December 31, 2011.

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Document and Entity Information Document In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Entity Information [Line Items]
Entity Registrant Name	NEWELL RUBBERMAID INC
Trading Symbol	nwl
Entity Central Index Key	0000814453
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Entity Filer Category	Large Accelerated Filer
Amendment Flag	false
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	287.6

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Fair Value Disclosures

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Fair Value Disclosures

Recurring Fair Value Measurements

The following tables present the Company’s non-pension financial assets and liabilities which are measured at fair value on a recurring basis (in millions):

Description	Fair Value as of September 30, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant     Unobservable     Inputs (Level 3)
Assets
Investment securities, including mutual funds (1)	$	10.8	$	8.0	$	2.8	$	—
Interest rate swaps (2)	41.3		—		41.3		—
Forward interest rate swaps (2)	1.0		—		1.0		—
Foreign currency derivatives (2)	0.4		—		0.4		—
Total	$	53.5	$	8.0	$	45.5	$	—
Liabilities
Forward interest rate swaps (2)	$	0.7	$	—	$	0.7	$	—
Foreign currency derivatives (2)	0.8		—		0.8		—
Commodity swap (2)	1.7		—		1.7		—
Total	$	3.2	$	—	$	3.2	$	—
Description	Fair Value as of December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Investment securities, including mutual funds (1)	$	17.7	$	7.3	$	10.4	$	—
Interest rate swaps (2)	35.8		—		35.8		—
Foreign currency derivatives (2)	2.4		—		2.4		—
Total	$	55.9	$	7.3	$	48.6	$	—

(1) The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($0.4 million and $5.1 million as of September 30, 2012 and December 31, 2011, respectively) and other assets ($10.4 million and $12.6 million as of September 30, 2012 and December 31, 2011, respectively). For mutual funds that are publicly traded, fair value is determined on the basis of quoted market prices and, accordingly, these investments have been classified as Level 1. Other investment securities are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date and have been classified as Level 2.

(2) The fair values of the Company's derivative instruments are based on valuation models using observable market inputs and as such have been classified as Level 2.

Non-recurring Fair Value Measurements

The Company’s nonfinancial assets which are measured at fair value on a nonrecurring basis include property, plant and equipment, goodwill, intangible assets and certain other assets.

During the three months ended September 30, 2012, the Company performed the annual impairment tests of goodwill and indefinite-lived intangible assets and concluded that no impairment charges were necessary. In making the assessment of goodwill and indefinite-lived intangible assets impairment, management relies on a number of factors including operating results, business plans, economic projections, anticipated future cash flows, transactions, and market place data. Accordingly, these fair value measurements fall in the Level 3 category of the fair value hierarchy. The factors used by management in the impairment analysis are inherently subject to uncertainty. While the Company believes it has made reasonable estimates and assumptions to determine the fair value of its reporting units, if actual results are not consistent with management's estimates and assumptions, goodwill and other intangible assets may be overstated and could potentially trigger additional impairment charges.

During the nine months ended September 30, 2012, impairments associated with plans to dispose of certain property, plant and equipment were not material. The Company generally uses projected cash flows, discounted as necessary, to estimate the fair values of the impaired assets using key inputs such as management’s projections of cash flows on a held-and-used basis (if applicable), management’s projections of cash flows upon disposition and discount rates. Accordingly, these fair value measurements fall in the Level 3 category of the fair value hierarchy. These assets and certain liabilities are measured at fair value on a nonrecurring basis as part of the Company’s impairment assessments and as circumstances require.

Financial Instruments

The Company’s financial instruments include cash and cash equivalents, accounts receivable, accounts payable, derivative instruments, notes payable and short and long-term debt. The carrying values for current financial assets and liabilities, including cash and cash equivalents, accounts receivable and accounts payable, approximate fair value due to the short maturity of such instruments. The fair values of the Company’s derivative instruments are recorded in the Condensed Consolidated Balance Sheets and are disclosed in Footnote 7.

The fair values of certain of the Company’s long-term debt are based on quoted market prices (Level 1) and are as follows (in millions):

	September 30, 2012				December 31, 2011
	Fair Value		Book Value		Fair Value		Book Value
Medium-term notes	$	1,953.8	$	1,869.2	$	1,679.7	$	1,632.3
Preferred securities underlying the junior convertible subordinated debentures	—		—		356.0		421.2

The carrying amounts of all other significant debt approximate fair value.

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 250.1	$ 170.2
Accounts receivable, net	1,074.3	1,002.0
Inventories, net	822.8	699.9
Deferred income taxes	115.8	130.7
Prepaid expenses and other	161.3	145.2
TOTAL CURRENT ASSETS	2,424.3	2,148.0
PROPERTY, PLANT AND EQUIPMENT, NET	549.6	551.4
GOODWILL	2,355.7	2,366.0
OTHER INTANGIBLE ASSETS, NET	661.4	666.1
OTHER ASSETS	372.3	429.4
TOTAL ASSETS	6,363.3	6,160.9
CURRENT LIABILITIES:
Accounts payable	530.0	468.5
Accrued compensation	144.8	131.4
Other accrued liabilities	673.4	693.5
Short-term debt	291.0	103.6
Current portion of long-term debt	507.0	263.9
TOTAL CURRENT LIABILITIES	2,146.2	1,660.9
LONG-TERM DEBT	1,366.1	1,809.3
OTHER NONCURRENT LIABILITIES	784.2	838.1
STOCKHOLDERS' EQUITY:
Preferred stock, none issued and outstanding	0	0
Common stock, outstanding shares, before treasury	305.3	305.3
Treasury stock, at cost	(447.5)	(432.8)
Additional paid-in capital	623.0	586.3
Retained earnings	2,258.6	2,097.3
Accumulated other comprehensive loss	(676.1)	(707.0)
STOCKHOLDERS' EQUITY ATTRIBUTABLE TO PARENT	2,063.3	1,849.1
STOCKHOLDERS' EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	3.5	3.5
TOTAL STOCKHOLDERS' EQUITY	2,066.8	1,852.6
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,363.3	$ 6,160.9

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Debt

9 Months Ended

Sep. 30, 2012

Long-term Debt, Other Disclosures [Abstract]

Debt

Debt

The following is a summary of outstanding debt (in millions):

	September 30, 2012			December 31, 2011
Medium-term notes	$	1,869.2		$	1,632.3
Junior convertible subordinated debentures	—			436.7
Commercial paper	86.7			—
Receivables facility	200.0			100.0
Other debt	8.2			7.8
Total debt	2,164.1			2,176.8
Short-term debt	(291.0		)	(103.6		)
Current portion of long-term debt	(507.0		)	(263.9		)
Long-term debt	$	1,366.1		$	1,809.3

Interest Rate Swaps

As of September 30, 2012, the Company was party to a fixed-for-floating interest rate swap designated as a fair value hedge. The interest rate swap relates to $250.0 million of the principal amount of the medium-term notes and results in the Company effectively paying a floating rate of interest on the medium-term notes subject to the interest rate swap.

The medium-term note balances at September 30, 2012 and December 31, 2011 include mark-to-market adjustments of $41.3 million and $35.8 million, respectively, to record the fair value of the hedge of the fixed-rate debt, and the mark-to-market adjustment had the effect of increasing the reported value of the medium-term notes. In addition, the unamortized amount as of September 30, 2012 and December 31, 2011, associated with terminated interest rate swaps, $5.7 million and $15.8 million, respectively, is included in the value of the medium-term notes. Compared to the stated rates of the underlying medium-term notes, the interest rate swaps, including amortization of settled interest rate swaps, had the effect of reducing interest expense by $4.9 million and $7.6 million for the three months ended September 30, 2012 and 2011, respectively, and by $16.7 million and $24.1 million for the nine months ended September 30, 2012 and 2011, respectively.

Medium-term Notes

During the three months ended September 30, 2012, the Company repaid and retired $8.5 million principal amount of the extant 6.11% medium-term notes due 2028. During the nine months ended September 30, 2012, the Company repaid and retired $250.0 million principal amount of the 6.75% senior notes (the "2012 Notes") based on the maturity date, for which interest expense was previously recorded at a rate of approximately 3.5% after contemplating the effect of the interest rate swap related to the 2012 Notes. As of September 30, 2012, the current portion of long-term debt includes $500.0 million principal amount of the 5.5% senior notes due April 2013.

In June 2012, the Company completed the offering and sale of $500.0 million of unsecured senior notes, consisting of $250.0 million aggregate principal amount of 2.0% notes due 2015 (the "2015 Notes") and $250.0 million aggregate principal amount of 4.0% notes due 2022 (the "2022 Notes" and, together with the 2015 Notes, the "Notes"). The aggregate net proceeds from the Notes were $495.1 million and were used to fund the redemption of all of the $436.7 million of junior convertible subordinated debentures which underlie the outstanding 5.25% convertible preferred securities with an aggregate liquidation preference of $421.2 million, to reduce short-term borrowings and for general corporate purposes. The Notes are senior obligations of the Company and rank equally with all of its other unsecured and unsubordinated indebtedness from time to time outstanding. The 2015 Notes may be redeemed by the Company at any time and the 2022 Notes may be redeemed at any time prior to the date that is three months prior to the maturity date of the 2022 Notes, in whole or in part, at a redemption price plus accrued and unpaid interest to the date of redemption. The redemption price is equal to the greater of (1) 100% of the principal amount of the Notes being redeemed on the redemption date and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of any payments of interest accrued through the date of the redemption), discounted to the date of redemption on a semiannual basis at a specified rate. If the 2022 Notes are redeemed on or after a date that is three months prior to the maturity date of the 2022 Notes, then the redemption price is equal to 100% of the principal amount of the 2022 Notes being redeemed plus accrued interest to such redemption date. The Notes also contain a provision that allows holders of the Notes to require the Company to repurchase all or any part of the Notes if a change of control triggering event occurs. Under this provision, the repurchase of the Notes will occur at a purchase price of 101% of the outstanding principal amount, plus accrued and unpaid interest, if any, on such Notes to the date of repurchase. The Notes are classified as long-term debt in the Company's Condensed Consolidated Balance Sheet at September 30, 2012 based on their maturity dates in 2015 and 2022.

Convertible Notes

In September 2010, the Company completed an exchange of newly issued shares of common stock and cash for $324.7 million of the $345.0 million outstanding principal amount of the convertible notes due 2014 (the "Convertible Notes") (the “Exchange Offer”). In the aggregate, the Company paid approximately $52.0 million in cash and issued approximately 37.7 million shares of the Company’s common stock for $324.7 million principal amount of the Convertible Notes validly offered for exchange by the holders pursuant to the Exchange Offer.

In March 2011, the Company completed exchanges of newly issued shares of common stock and cash for an additional $20.0 million outstanding principal amount of Convertible Notes. The Company paid approximately $3.1 million in cash and issued approximately 2.3 million shares of the Company’s common stock for the $20.0 million principal amount of Convertible Notes. The Company determined that the fair value of total consideration (including cash) paid to the holders of Convertible Notes, using the fair market value of common stock at settlement, was $47.4 million. In accordance with the applicable authoritative accounting guidance, the Company determined the fair value of the liability component of the Convertible Notes received, with the residual value representing the equity component. The excess of the fair value of the liability component, or $21.8 million, over the carrying value of the Convertible Notes exchanged, $17.3 million, was recognized as a loss related to the extinguishment of debt during the nine months ended September 30, 2011. Including the write-off of unamortized issuance costs, the Company recorded a pretax loss of $4.8 million, which is included in losses related to extinguishments of debt in the Condensed Consolidated Statement of Operations for the nine months ended September 30, 2011.

Junior Convertible Subordinated Debentures

In 1997, a 100% owned finance subsidiary (the “Subsidiary”) of the Company issued 10.0 million shares of 5.25% convertible preferred securities (the “Preferred Securities”). Each of these Preferred Securities was convertible into 0.9865 of a share of the Company’s common stock. During 2005 and 2004, the Company purchased an aggregate of 1.6 million shares of its Preferred Securities from holders at an average price of $45.27 per share ($71.3 million).

The proceeds received by the Subsidiary from the issuance of the Preferred Securities were invested in the Company’s 5.25% Junior Convertible Subordinated Debentures (the “Debentures”), with a scheduled maturity date of December 1, 2027. In addition, the Subsidiary received approximately $15.5 million of the Company’s Debentures as payment for $15.5 million the Company borrowed from the Subsidiary to purchase all of the common equity interests in the Subsidiary. As a result, the Company issued an aggregate of $515.5 million of Debentures, and the Subsidiary was the sole holder of the Debentures.

During the three months ended September 30, 2012, the Company redeemed the $436.7 million of remaining outstanding Debentures. Because the Preferred Securities were mandatorily redeemable upon the retirement of the Debentures at maturity or upon acceleration of the Debentures, the Preferred Securities were concurrently redeemed at 100% of the liquidation preference of $421.2 million. In conjunction with the redemption of the Debentures and the Preferred Securities, the Company received cash proceeds of $15.5 million representing liquidation of the Company's equity interest in the Subsidiary. The Company repaid the Debentures at 100% of their face amount; therefore, substantially all of the $6.0 million loss on extinguishment of the Debentures was due to the write-off of deferred financing costs.

Receivables-Related Borrowings

In September 2012, the Company renewed its 364-day receivables facility that provides for borrowings of up to $200.0 million such that it will expire in September 2013 (the “Receivables Facility”). Under the Receivables Facility, the Company and certain operating subsidiaries (collectively, “the Originators”) sell their receivables to a financing subsidiary as the receivables are originated. The financing subsidiary is wholly owned by the Company and is the owner of the purchased receivables and the borrower under the Receivables Facility. The assets of the financing subsidiary are restricted as collateral for the payment of debt or other obligations arising under the Receivables Facility, and the financing subsidiary’s assets and credit are not available to satisfy the debts and obligations owed to the Company’s or any other Originator’s creditors. The Company includes the financing subsidiary’s assets, liabilities and results of operations in its consolidated financial statements. The Receivables Facility requires, among other things, that the Company maintain certain interest coverage and total indebtedness to total capital ratios, and the Company was in compliance with such requirements as of September 30, 2012. The financing subsidiary owned $623.5 million of outstanding accounts receivable as of September 30, 2012, and these amounts are included in accounts receivable, net in the Company’s Condensed Consolidated Balance Sheet at September 30, 2012. The Company had outstanding borrowings of $200.0 million under the Receivables Facility as of September 30, 2012, at a weighted average interest rate of 0.9%.

Revolving Credit Facility and Commercial Paper

On December 2, 2011, the Company entered into a five-year credit agreement (the "Credit Agreement") with a syndicate of banks. The Credit Agreement provides for an unsecured syndicated revolving credit facility with a maturity date of December 2, 2016, and an aggregate commitment at any time outstanding of up to $800.0 million (the "Facility"). The Credit Agreement contains customary representations and warranties, covenants and events of default. As of September 30, 2012, there were no borrowings or standby letters of credit issued or outstanding under the Facility, and the Company was in compliance with the provisions of the Credit Agreement.

In lieu of borrowings under the Facility, the Company may issue up to $800.0 million of commercial paper. The Facility provides the committed backup liquidity required to issue commercial paper. Accordingly, commercial paper may be issued only up to the amount available for borrowing under the Facility. As of September 30, 2012, the Company had outstanding commercial paper obligations of $86.7 million while no commercial paper obligations were outstanding as of December 31, 2011.

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Inventories, Net

9 Months Ended

Sep. 30, 2012

Inventory, Net [Abstract]

Inventories, Net

Inventories, Net

Inventories are stated at the lower of cost or market value. The components of net inventories were as follows (in millions):

	September 30, 2012		December 31, 2011
Materials and supplies	$	142.6	$	130.8
Work in process	128.3		105.6
Finished products	551.9		463.5
	$	822.8	$	699.9

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Basis Of Presentation And Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2012

Basis Of Presentation And Significant Accounting Policies [Abstract]

Seasonal Variations

Seasonal Variations

Sales of the Company’s products tend to be seasonal, with sales and operating income in the first quarter generally lower than any other quarter during the year, driven principally by reduced volume and the mix of products sold in the first quarter. Historically, the Company has earned more than 60% of its annual operating income during the second and third quarters of the year. The seasonality of the Company’s sales volume combined with the accounting for fixed costs, such as depreciation, amortization, rent, personnel costs and interest expense, impacts the Company’s results on a quarterly basis. In addition, the Company has historically generated more than 65% of its operating cash flow in the second half of the year due to seasonal variations in operating results, the timing of annual performance-based compensation payments, and credit terms provided to customers. Accordingly, the Company’s results for the three and nine months ended September 30, 2012 may not necessarily be indicative of the results that may be expected for the full year ending December 31, 2012.

Recent Accounting Pronouncements Policy

Recent Accounting Pronouncements

Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs.

In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income," which requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income, or in two separate but consecutive statements. Additionally, ASU 2011-05 eliminates the option to present comprehensive income and its components as part of the statement of stockholders’ equity. Effective January 1, 2012, the Company adopted ASU 2011-05 as amended by ASU 2011-12, "Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05." ASU 2011-12 defers the effective date of provisions in ASU 2011-05 that require presentation of reclassifications out of comprehensive income by income statement line item on the statement of comprehensive income, with all other requirements of ASU 2011-05 unaffected. The Company adopted ASU 2011-05 and ASU 2011-12 beginning January 1, 2012 and has elected to present items of net income and other comprehensive income in two consecutive statements.

In September 2011, the FASB issued ASU 2011-08, "Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment," which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, a more detailed two-step goodwill impairment test will need to be performed which is used to identify potential goodwill impairments and to measure the amount of goodwill impairment losses to be recognized, if any. ASU 2011-08 is effective for annual and interim goodwill impairment tests performed by the Company after January 1, 2012. The Company adopted the guidance in ASU 2011-08 for its annual goodwill impairment test performed during the three months ended September 30, 2012, and the adoption of the guidance did not have a material impact on the Company's goodwill impairment test.

In July 2012, the FASB issued ASU 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment," which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If this is the case, a more detailed fair value calculation will need to be performed which is used to identify potential impairments and to measure the amount of impairment losses to be recognized, if any. To perform a qualitative assessment, an entity must identify and evaluate changes in economic, industry and entity-specific events and circumstances that could affect the significant inputs used to determine the fair value of an indefinite-lived intangible asset. ASU 2012-02 is effective for annual and interim impairment tests performed by the Company for fiscal years beginning after September 15, 2012, with early adoption permitted. The Company early adopted the provisions of ASU 2012-02 effective July 1, 2012, which coincides with its annual impairment tests for the year ending December 31, 2012. The adoption of ASU 2012-02 did not have a material impact on the Company's indefinite-lived intangibles impairment test results.

Other recently issued ASUs were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s consolidated financial position and results of operations.

Venezuelan Operations

Venezuelan Operations

The Company considers Venezuela a highly inflationary economy. Accounting standards require the functional currency of foreign operations operating in highly inflationary economies to be the same as the reporting currency of the Company. Accordingly, the functional currency of the Company’s Venezuelan operations is the U.S. Dollar. The Company’s Venezuelan operations had approximately $60.3 million of net monetary assets denominated in Bolivar Fuertes as of September 30, 2012 which are subject to changes in value based on changes in the Transaction System for Foreign Currency Denominated Securities (“SITME”) rate. In future periods, foreign exchange gains (losses) arising due to the appreciation (depreciation) of Bolivar Fuertes versus the U.S. Dollar will result in one-time benefits (charges) in each reporting period during which such exchange rate changes become effective. Foreign currency exchange through the SITME is allowed within a specified band of 4.5 to 5.3 Bolivar Fuerte to U.S. Dollar, but most of the exchanges have been executed at the rate of 5.3 Bolivar Fuerte to U.S. Dollar. During the three and nine months ended September 30, 2012, the Company’s Venezuelan operations generated 1% or less of consolidated net sales.

Income Tax Policy

Income Taxes

At the end of each interim period, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year. This estimate reflects, among other items, the Company's best estimate of operating results and foreign currency exchange rates. The Company's quarterly income tax rate may differ from its estimated annual effective tax rate because accounting standards require the Company to exclude the actual results of certain entities expected to generate a pretax loss when applying the estimated annual effective tax rate to the Company's consolidated pretax results in interim periods. In estimating the annual effective tax rate, the Company does not include the estimated impact of unusual and/or infrequent items, which may cause significant variations in the customary relationship between income tax expense (benefit) and pretax income (loss).

Reclassifications

Reclassifications

Certain 2011 amounts have been reclassified to conform to the 2012 presentation.

Derivatives, Policy

The use of financial instruments, including derivatives, exposes the Company to market risk related to changes in interest rates, foreign currency exchange rates and commodity prices. The Company enters into interest rate swaps related to debt obligations with initial maturities ranging from five to ten years. The Company uses interest rate swap agreements to manage its interest rate exposure and to achieve a desired proportion of variable and fixed-rate debt. These derivatives are designated as fair value hedges based on the nature of the risk being hedged. The Company also uses derivatives to hedge interest rates on anticipated issuances of debt securities occurring within one year or less of the inception date of the derivative, and the Company uses these instruments to reduce the volatility in future interest payments that would be made pursuant to the anticipated debt issuances. The Company also uses derivative instruments, such as forward contracts, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and changes in fair value resulting from changes in foreign currency exchange rates. The Company’s foreign exchange risk management policy generally emphasizes hedging transaction exposures of one-year duration or less and hedging foreign currency intercompany financing activities with derivatives with maturity dates of one year or less. The Company uses derivative instruments to hedge various foreign exchange exposures, including the following: (i) variability in foreign currency-denominated cash flows, such as the hedges of inventory purchases for products produced in one currency and sold in another currency and (ii) currency risk associated with foreign currency-denominated operating assets and liabilities, such as forward contracts and other instruments that hedge cash flows associated with intercompany financing activities. Additionally, the Company purchases certain raw materials which are subject to price volatility caused by unpredictable factors. Where practical, the Company uses derivatives as part of its commodity risk management process. Generally, the Company's commodity derivative arrangements hedge exposures over a period of time not exceeding one year and tend to be floating-for-fixed price arrangements, which enables the Company to better manage input cost inflation. The Company reports its derivative positions in the Condensed Consolidated Balance Sheets on a gross basis and does not net asset and liability derivative positions with the same counterparty. The Company monitors its positions with, and the credit quality of, the financial institutions that are parties to its financial transactions.

Derivative instruments are accounted for at fair value. The accounting for changes in the fair value of a derivative depends on the intended use and designation of the derivative instrument. For a derivative instrument that is designated and qualifies as a fair value hedge, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current earnings. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is initially reported as a component of accumulated other comprehensive income (loss) (“AOCI”), net of tax, and is subsequently reclassified into earnings when the hedged transaction affects earnings. The ineffective portion of the gain or loss is recognized in current earnings.

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Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting Information, Additional Information [Abstract]

Segment Information

Segment Information

Effective January 1, 2012, the Company, as part of Project Renewal, implemented certain changes to its organizational structure that resulted in the consolidation of the Company's three operating groups into two and of its 13 global business units ("GBU") into nine. One of the two operating groups is primarily consumer-facing ("Newell Consumer"), while the other is primarily commercial-facing ("Newell Professional"). Additionally, while not an operating group, the Baby & Parenting GBU is treated as a stand-alone operating segment. As of September 30, 2012, the Company’s three operating and reportable segments are as follows:

Reportable Segments	Key Brands	Description of Primary Products
Newell Consumer	Rubbermaid®, Levolor®, Goody®, Sharpie®,  Expo®, Paper Mate®, Parker®, Waterman®, Calphalon®	Indoor/outdoor organization, food storage and home storage products; window treatments; hair care accessories; writing instruments, including pens, pencils, markers and highlighters; fine writing instruments and leather goods; gourmet cookware, bakeware, cutlery and small kitchen electrics
Newell Professional	Rubbermaid® Commercial Products, Irwin®, Shur-line®, Bulldog®, Lenox®, Dymo®, Mimio®	Cleaning and refuse products, hygiene systems, material handling solutions and medical and computer carts, and wall-mounted work stations; hand tools and power tool accessories, manual paint applicators and convenience hardware; industrial bandsaw blades and cutting tools for pipes and HVAC systems; office technology solutions such as label makers and printers and interactive teaching solutions
Baby & Parenting	Graco®, Aprica®	Infant and juvenile products such as car seats, strollers, highchairs and playards

In October 2012, the Company announced certain changes to its organizational structure that will significantly impact the Company's business segments. Refer to Footnote 16 for further details.

The comparative information for segment results and identifiable assets has been restated to conform to the 2012 presentation and is as follows (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net Sales (1)
Newell Consumer	$	814.6		$	832.1		$	2,262.6		$	2,322.3
Newell Professional	535.4			541.6			1,571.4			1,545.4
Baby & Parenting	185.3			176.2			549.9			501.7
	$	1,535.3		$	1,549.9		$	4,383.9		$	4,369.4
Operating Income (Loss) (2)
Newell Consumer (5)	$	137.9		$	128.8		$	359.0		$	363.1
Newell Professional	70.6			84.5			204.9			214.2
Baby & Parenting	18.3			17.7			59.9			38.1
Impairment charges	—			(382.6		)	—			(382.6		)
Restructuring costs	(13.7		)	(5.5		)	(37.5		)	(12.3		)
Corporate (5)	(24.7		)	(35.1		)	(88.2		)	(88.8		)
	$	188.4		$	(192.2	)	$	498.1		$	131.7

	September 30, 2012		December 31, 2011
Identifiable Assets
Newell Consumer	$	1,496.2	$	1,363.7
Newell Professional	1,286.4		1,126.3
Baby & Parenting	308.6		305.3
Corporate (3)	3,272.1		3,365.6
	$	6,363.3	$	6,160.9

Geographic Area Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions)	2012		2011			2012		2011
Net Sales (1), (4)
United States	$	1,058.8	$	1,041.0		$	2,981.7	$	2,915.1
Canada	94.4		103.3			262.5		284.7
Total North America	1,153.2		1,144.3			3,244.2		3,199.8
Europe, Middle East and Africa	174.4		203.7			537.2		617.2
Latin America	86.4		86.2			245.3		238.4
Asia Pacific	121.3		115.7			357.2		314.0
Total International	382.1		405.6			1,139.7		1,169.6
	$	1,535.3	$	1,549.9		$	4,383.9	$	4,369.4
Operating Income (Loss) (2), (6)
United States (5)	$	138.3	$	(137.3	)	$	359.0	$	86.0
Canada	20.9		25.1			54.4		61.5
Total North America	159.2		(112.2		)	413.4		147.5
Europe, Middle East and Africa (5)	3.2		(4.5		)	17.0		14.6
Latin America	6.2		4.6			2.6		13.3
Asia Pacific	19.8		(80.1		)	65.1		(43.7		)
Total International	29.2		(80.0		)	84.7		(15.8		)
	$	188.4	$	(192.2	)	$	498.1	$	131.7

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 12.1% and 12.5% of consolidated net sales in the three months ended September 30, 2012 and 2011, respectively, and approximately 10.9% of consolidated net sales in the nine months ended September 30, 2012 and 2011.

(2) Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, impairment charges, and restructuring costs. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.

(3) Corporate assets primarily include goodwill, capitalized software, cash and deferred tax assets.

(4) Geographic sales information is based on the region from which the products are shipped and invoiced.

(5) The United States operating income is after considering $3.2 million and $7.1 million of incremental SG&A costs associated with Project Renewal for the three and nine months ended September 30, 2012, of which $3.2 million relates to the Consumer segment and $3.9 million relates to Corporate. The Europe, Middle East and Africa operating income is after considering $5.4 million and $11.5 million of incremental SG&A costs associated with the European Transformation Plan for the three months ended September 30, 2012 and 2011, respectively, and $22.0 million and $25.8 million for the nine months ended September 30, 2012 and 2011, respectively, all of which is included in Corporate.

(6) The following table summarizes the restructuring costs and impairment charges by region included in operating income (loss) above (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Restructuring Costs
United States	$	5.3	$	—	$	21.4	$	—
Canada	0.3		—		0.8		—
Total North America	5.6		—		22.2		—
Europe, Middle East and Africa	6.1		5.5		11.7		12.3
Latin America	1.7		—		2.6		—
Asia Pacific	0.3		—		1.0		—
Total International	8.1		5.5		15.3		12.3
	$	13.7	$	5.5	$	37.5	$	12.3

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Impairment Charges
United States	$	—	$	266.8	$	—	$	266.8
Canada	—		—		—		—
Total North America	—		266.8		—		266.8
Europe, Middle East and Africa	—		9.2		—		9.2
Latin America	—		—		—		—
Asia Pacific	—		106.6		—		106.6
Total International	—		115.8		—		115.8
	$	—	$	382.6	$	—	$	382.6

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Income Taxes

9 Months Ended

Sep. 30, 2012

Income Tax Expense (Benefit) [Abstract]

Income Taxes

Income Taxes

As of September 30, 2012, there were no significant changes to the Company's unrecognized tax benefits as reported in its Form 10-K for the year ended December 31, 2011.

The Company's income tax expense and resulting effective tax rate are based upon the respective estimated annual effective tax rates applicable for the respective periods adjusted for the effects of items required to be treated as discrete to the period, including changes in tax laws, changes in estimated exposures for uncertain tax positions, and other items. The Company's effective tax rate for the three and nine months ended September 30, 2012 was driven by changes in pretax income and geographical mix in earnings, the unfavorable impact on reserves for certain tax contingencies, the expiration of statutes of limitation and audit settlements, and other non-cash tax charges associated with the European Transformation Plan.

The Company’s effective tax rate for the three and nine months ended September 30, 2011 was impacted by $76.2 million of tax benefits associated with impairment charges recorded during the period. The Company's tax benefit was favorably impacted by $28.2 million and $49.0 million in the three and nine months ended September 30, 2011, respectively, associated with the realization of unrecognized tax benefits, including interest and penalties, due to the expiration of various worldwide statutes of limitation. The effective tax rate for the three and nine months ended September 30, 2011 was also favorably impacted by a change in the geographical mix in earnings.

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Employee Benefit And Retirement Plans (Schedule Of Company's Pension Cost And Supplemental Retirement Plans) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
U.S. [Member]
Service cost-benefits earned during the period	$ 0.8	$ 1.1	$ 2.4	$ 3.3
Interest cost on projected benefit obligation	11.5	12.4	34.5	37.1
Expected return on plan assets	(14.9)	(14.9)	(44.7)	(44.7)
Amortization of prior service cost and actuarial loss	5.6	4.3	16.9	13.0
Net periodic pension cost	3.0	2.9	9.1	8.7
International [Member]
Service cost-benefits earned during the period	1.6	1.4	4.8	4.4
Interest cost on projected benefit obligation	6.2	6.2	18.6	19.6
Expected return on plan assets	(6.2)	(6.6)	(18.6)	(20.8)
Amortization of prior service cost and actuarial loss	0.5	0.2	1.5	2.9
Net periodic pension cost	$ 2.1	$ 1.2	$ 6.3	$ 6.1

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Derivatives

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedges, Assets [Abstract]

Derivatives

Derivatives

The use of financial instruments, including derivatives, exposes the Company to market risk related to changes in interest rates, foreign currency exchange rates and commodity prices. The Company enters into interest rate swaps related to debt obligations with initial maturities ranging from five to ten years. The Company uses interest rate swap agreements to manage its interest rate exposure and to achieve a desired proportion of variable and fixed-rate debt. These derivatives are designated as fair value hedges based on the nature of the risk being hedged. The Company also uses derivatives to hedge interest rates on anticipated issuances of debt securities occurring within one year or less of the inception date of the derivative, and the Company uses these instruments to reduce the volatility in future interest payments that would be made pursuant to the anticipated debt issuances. The Company also uses derivative instruments, such as forward contracts, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and changes in fair value resulting from changes in foreign currency exchange rates. The Company’s foreign exchange risk management policy generally emphasizes hedging transaction exposures of one-year duration or less and hedging foreign currency intercompany financing activities with derivatives with maturity dates of one year or less. The Company uses derivative instruments to hedge various foreign exchange exposures, including the following: (i) variability in foreign currency-denominated cash flows, such as the hedges of inventory purchases for products produced in one currency and sold in another currency and (ii) currency risk associated with foreign currency-denominated operating assets and liabilities, such as forward contracts and other instruments that hedge cash flows associated with intercompany financing activities. Additionally, the Company purchases certain raw materials which are subject to price volatility caused by unpredictable factors. Where practical, the Company uses derivatives as part of its commodity risk management process. Generally, the Company's commodity derivative arrangements hedge exposures over a period of time not exceeding one year and tend to be floating-for-fixed price arrangements, which enables the Company to better manage input cost inflation. The Company reports its derivative positions in the Condensed Consolidated Balance Sheets on a gross basis and does not net asset and liability derivative positions with the same counterparty. The Company monitors its positions with, and the credit quality of, the financial institutions that are parties to its financial transactions.

Derivative instruments are accounted for at fair value. The accounting for changes in the fair value of a derivative depends on the intended use and designation of the derivative instrument. For a derivative instrument that is designated and qualifies as a fair value hedge, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current earnings. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is initially reported as a component of accumulated other comprehensive income (loss) (“AOCI”), net of tax, and is subsequently reclassified into earnings when the hedged transaction affects earnings. The ineffective portion of the gain or loss is recognized in current earnings. Gains and losses from changes in fair values of derivatives that are not designated as hedges for accounting purposes are recognized currently in earnings, and such amounts were not material for the three and nine months ended September 30, 2012 and 2011.

The following table summarizes the Company’s outstanding derivative instruments and their effects on the Condensed Consolidated Balance Sheets as of September 30, 2012 and December 31, 2011 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	September 30, 2012		December 31, 2011		Balance Sheet Location	September 30, 2012		December 31, 2011
Interest rate swaps	Other assets	$	41.3	$	35.8	Other liabilities	$	—	$	—
Forward interest rate swaps	Prepaid expenses and other	1.0		—		Other accrued liabilities	0.7		—
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other	0.1		1.9		Other accrued liabilities	0.8		—
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	0.3		0.5		Other accrued liabilities	—		—
Commodity swap	Prepaid expenses and other	—		—		Other accrued liabilities	1.7		—
Total assets		$	42.7	$	38.2	Total liabilities	$	3.2	$	—

The fair values of outstanding derivatives that are not designated as hedges for accounting purposes were not material as of September 30, 2012 and December 31, 2011.

The Company is not a party to any derivatives that require collateral to be posted prior to settlement.

Fair Value Hedges

The following table presents the pretax effects of derivative instruments designated as fair value hedges on the Company’s Condensed Consolidated Statements of Operations (in millions):

Derivatives in fair value hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) recognized in income
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2012			2011			2012			2011
Interest rate swaps	Interest expense, net	$	2.3		$	16.6		$	5.5		$	15.8
Fixed-rate debt	Interest expense, net	$	(2.3	)	$	(16.6	)	$	(5.5	)	$	(15.8	)

The Company did not realize any ineffectiveness related to fair value hedges during the three and nine months ended September 30, 2012 and 2011.

Cash Flow Hedges

The following table presents the pretax effects of derivative instruments designated as cash flow hedges on the Company’s Condensed Consolidated Statements of Operations and AOCI (in millions):

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) reclassified from AOCI into income
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2012			2011			2012			2011
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	(0.3	)	$	(1.5	)	$	0.5		$	(6.2	)
Foreign exchange contracts on intercompany borrowings	Interest expense, net	—			(0.3		)	(0.1		)	(0.6		)
Commodity swap	Cost of products sold	(1.4		)	—			(1.9		)	—
		$	(1.7	)	$	(1.8	)	$	(1.5	)	$	(6.8	)

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012			2011		2012			2011
Foreign exchange contracts on inventory-related purchases	$	(2.0	)	$	2.5	$	(2.1	)	$	(4.5	)
Foreign exchange contracts on intercompany borrowings	(2.0		)	2.9		(0.4		)	0.8
Forward interest rate swaps	(0.8		)	—		0.3			—
Commodity swap	(0.4		)	—		(3.6		)	—
	$	(5.2	)	$	5.4	$	(5.8	)	$	(3.7	)

During the nine months ended September 30, 2012, the Company entered into forward interest rate swap contracts with certain counterparties for an aggregate $250.0 million notional amount (the "Forward Swaps") to swap floating LIBOR rates with a weighted-average fixed rate of 1.8%. The Forward Swaps mature in March 2013. The Forward Swaps are intended to fix the "risk-free" component of the interest rate of the Company's probable debt issuances. The Forward Swaps will unwind and settle when the underlying probable debt issuances are priced, which is expected to occur prior to the maturity date. The Company determined that the Forward Swaps meet the hedge accounting criteria under the relevant authoritative guidance, and accordingly, the Forward Swaps have been classified as cash flow hedges. The Company will continue to recognize any unrealized gains or losses arising from the mark-to-market adjustments of the Forward Swaps in AOCI until the issuance of the debt, subsequent to which the Company will record such gains or losses on the Forward Swaps into earnings over the term of the underlying debt. If it becomes no longer probable that the debt issuance will occur, gains or losses arising from the Forward Swaps, including mark-to-market adjustments, will be recognized in earnings immediately.

In May 2012, the Company entered into a commodity swap contract with a counterparty for an aggregate $14.0 million notional amount (the "Commodity Swap") relating to forecasted monthly purchases of resin. The Commodity Swap will expire on December 31, 2012 with cash settlement occurring monthly through the expiration date. The Company determined that the Commodity Swap meets the hedge accounting criteria under the relevant authoritative guidance, and accordingly, the Commodity Swap has been classified as a cash flow hedge.

The Company did not realize any ineffectiveness related to cash flow hedges during the three and nine months ended September 30, 2012 and 2011. As of September 30, 2012, the Company expects to reclassify net losses of $2.4 million into earnings during the next 12 months.

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Employee Benefit And Retirement Plans

9 Months Ended

Sep. 30, 2012

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Employee Benefit And Retirement Plans

Employee Benefit and Retirement Plans

The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the three months ended September 30, (in millions):

	U.S.						International
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	0.8		$	1.1		$	1.6		$	1.4
Interest cost on projected benefit obligation	11.5			12.4			6.2			6.2
Expected return on plan assets	(14.9		)	(14.9		)	(6.2		)	(6.6		)
Amortization of prior service cost, actuarial loss and other	5.6			4.3			0.5			0.2
Net periodic pension cost	$	3.0		$	2.9		$	2.1		$	1.2

The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the nine months ended September 30, (in millions):

	U.S.						International
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	2.4		$	3.3		$	4.8		$	4.4
Interest cost on projected benefit obligation	34.5			37.1			18.6			19.6
Expected return on plan assets	(44.7		)	(44.7		)	(18.6		)	(20.8		)
Amortization of prior service cost, actuarial loss and other	16.9			13.0			1.5			2.9
Net periodic pension cost	$	9.1		$	8.7		$	6.3		$	6.1

The following table presents the components of the Company’s other postretirement benefit costs for the three and nine months ended September 30, (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Service cost-benefits earned during the period	$	0.3		$	0.3		$	0.9		$	0.9
Interest cost on projected benefit obligation	1.8			2.1			5.4			6.3
Amortization of prior service benefit and actuarial loss, net	(0.3		)	(0.3		)	(0.9		)	(0.9		)
Net other postretirement benefit costs	$	1.8		$	2.1		$	5.4		$	6.3

The Company made a cash contribution to the Company-sponsored profit sharing plan of $18.8 million and $17.6 million during the nine months ended September 30, 2012 and 2011, respectively.

In June 2012, legislation was enacted that is expected to impact the Company's future funding requirements for its U.S. pension plan (the "Plan"). The Company is evaluating the impact of the legislation on the Company's contribution requirements for the Plan.

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Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

The calculation of basic and diluted earnings per share is as follows (in millions, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
Numerator for basic and diluted earnings per share:
Income (loss) from continuing operations	$	106.6	$	(166.4	)	$	297.7	$	52.9
Income (loss) from discontinued operations	1.7		(11.2		)	1.7		(8.1		)
Net income (loss)	$	108.3	$	(177.6	)	$	299.4	$	44.8
Dividends and equivalents for share-based awards expected to be forfeited	—		—			—		0.1
Net income (loss) for basic earnings per share	$	108.3	$	(177.6	)	$	299.4	$	44.9
Effect of Preferred Securities (1)	—		—			—		—
Net income (loss) for diluted earnings per share	$	108.3	$	(177.6	)	$	299.4	$	44.9
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	288.0		290.8			288.9		291.1
Share-based payment awards classified as participating securities (2)	2.7		—			2.8		3.1
Denominator for basic earnings per share	290.7		290.8			291.7		294.2
Dilutive securities (3)	2.0		—			2.1		2.3
Convertible Notes (4)	—		—			—		0.3
Preferred Securities (1)	—		—			—		—
Denominator for diluted earnings per share	292.7		290.8			293.8		296.8
Basic earnings per share:
Income (loss) from continuing operations	$	0.37	$	(0.57	)	$	1.02	$	0.18
Income (loss) from discontinued operations	0.01		(0.04		)	0.01		(0.03		)
Net income (loss)	$	0.37	$	(0.61	)	$	1.03	$	0.15
Diluted earnings per share:
Income (loss) from continuing operations	$	0.36	$	(0.57	)	$	1.01	$	0.18
Income (loss) from discontinued operations	0.01		(0.04		)	0.01		(0.03		)
Net income (loss)	$	0.37	$	(0.61	)	$	1.02	$	0.15

(1) As disclosed in Footnote 6, the outstanding Preferred Securities were redeemed on July 16, 2012. The Preferred Securities were anti-dilutive for all periods presented, and therefore, have been excluded from diluted earnings per share. Had the Preferred Securities been included in the diluted earnings per share calculation, net income for the three months ended September 30, 2012 and 2011 would be increased by $0.6 million and $3.5 million, respectively, and net income for the nine months ended September 30, 2012 and 2011 would be increased by $7.6 million and $10.5 million, respectively. Weighted-average shares outstanding would be increased by 1.4 million and 8.3 million shares for the three months ended September 30, 2012 and 2011, respectively, and 6.0 million and 8.3 million shares for the nine months ended September 30, 2012 and 2011, respectively.

(2) Share-based payment awards classified as participating securities are anti-dilutive for the three months ended September 30, 2011 and therefore have been excluded from basic and diluted earnings per share calculations. Had these securities been included, the weighted-average shares outstanding would be increased by 3.3 million for the three months ended September 30, 2011.

(3) Dilutive securities include “in the money” options, non-participating restricted stock units and performance stock units. The weighted-average shares outstanding exclude the effect of 9.4 million and 19.3 million stock options and other securities for the three months ended September 30, 2012 and 2011, respectively, and 9.9 million and 12.1 million stock options and other securities for the nine months ended September 30, 2012 and 2011, respectively, because such securities were anti-dilutive. The weighted-average shares outstanding for the three and nine months ended September 30, 2012 also exclude the weighted average effect of 0.9 million performance stock units outstanding at September 30, 2012 because the securities were anti-dilutive.

(4) As disclosed in Footnote 6, substantially all of the remaining outstanding principal amount of the Convertible Notes was extinguished in March 2011. The Convertible Notes did not meaningfully impact diluted average shares outstanding in periods subsequent to March 31, 2011 because the maximum amount of shares required to settle the “in the money” portion of the $0.1 million principal amount of the Convertible Notes is not material. Dilution for the nine months ended September 30, 2011 takes into consideration the period of time the Convertible Notes were outstanding.

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Stock-Based Compensation (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Pre-tax stock-based compensation	$ 8.1	$ 11.7	$ 26.6	$ 28.4
Performance Based Restricted Stock Units (RSU) [Member]
Performance-based stock units awarded			1.0
Vesting period, years			3
Percentage of units that are earned, minimum			0.00%
Percentage of units that are earned, maximum			200.00%
Performance-based stock, outstanding	2.1		2.1
Shares entitled to recipients			1.5
Percentage of units granted assumed			100.00%
PSU Other Than TSR [Member]
Performance-based stock units awarded		0.7
Non-TSR PSU Vesting Period Minimum		2
Non-TSR PSU Vesting Period Maximum		7
Performance-based stock, outstanding	0.7		0.7

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Stock-Based Compensation (Summary Of Changes Of Restricted Stock And Restricted Stock Units) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Share-based Compensation [Abstract]
Outstanding at December 31, 2011, Shares	6.1
Granted, Shares	2.0
Vested, Shares	(2.1)
Forfeited, Shares	(0.4)
Outstanding at September 30, 2012, Shares	5.6
Outstanding at December 31, 2011, Weighted-Average Grant date Fair Value	$ 13
Granted, Weighted-Average Grant Date Fair Value	$ 19
Vested, Weighted-Average Grant Date Fair Value	$ 10
Forfeited, Weighted-Average Grant Date Fair Value	$ 17
Outstanding at September 30, 2012, Weighted-Average Grant date Fair Value	$ 17

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Earnings Per Share (Schedule Of Calculation Of Basic And Diluted Earnings Per Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations Attributable to Parent	$ 106.6		$ (166.4)		$ 297.7		$ 52.9
Income (Loss) from Discontinued Operations, Net of Tax	1.7		(11.2)		1.7		(8.1)
NET INCOME (LOSS)	108.3		(177.6)		299.4		44.8
Dividends and equivalents for share-based awards expected to be forfeited	0		0		0		(0.1)
Net income for basic earnings per share	108.3		(177.6)		299.4		44.9
Effect of Preferred Securities	0	[1]	0	[1]	0	[1]	0	[1]
Net income for diluted earnings per share	108.3		(177.6)		299.4		44.9
Weighted-average shares outstanding	288.0		290.8		288.9		291.1
Share-based payment awards classified as participating securities	2.7	[2]	0	[2]	2.8	[2]	3.1	[2]
Denominator for basic earnings per share	290.7		290.8		291.7		294.2
Dilutive securities	2.0	[3]	0	[3]	2.1	[3]	2.3	[3]
Convertible Notes	0	[4]	0	[4]	0	[4]	0.3	[4]
Preferred Securities	0	[1]	0	[1]	0	[1]	0	[1]
Denominator for diluted earnings per share	292.7		290.8		293.8		296.8
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.37		$ (0.57)		$ 1.02		$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share	$ 0.01		$ (0.04)		$ 0.01		$ (0.03)
Basic earnings per share	$ 0.37		$ (0.61)		$ 1.03		$ 0.15
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.36		$ (0.57)		$ 1.01		$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	$ 0.01		$ (0.04)		$ 0.01		$ (0.03)
Diluted earnings per share	$ 0.37		$ (0.61)		$ 1.02		$ 0.15
Preferred Securities [Member]
Computation of Earnings Per Share [Line Items]
Increase in net income if preferred securities were included in diluted earnings per share calculation	0.6		3.5		7.6		10.5
Antidilutive securities excluded from computation of EPS	1.4		8.3		6.0		8.3
Participating Securities [Member]
Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS			3.3
Stock Options [Member]
Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	9.4		19.3		9.9		12.1
Performance Based Restricted Stock Units [Member]
Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	0.9				0.9
Convertible Notes [Member]
Computation of Earnings Per Share [Line Items]
Convertible Debt	$ 0.1				$ 0.1

[1] As disclosed in Footnote 6, the outstanding Preferred Securities were redeemed on July 16, 2012. The Preferred Securities were anti-dilutive for all periods presented, and therefore, have been excluded from diluted earnings per share. Had the Preferred Securities been included in the diluted earnings per share calculation, net income for the three months ended September 30, 2012 and 2011 would be increased by $0.6 million and $3.5 million, respectively, and net income for the nine months ended September 30, 2012 and 2011 would be increased by $7.6 million and $10.5 million, respectively. Weighted-average shares outstanding would be increased by 1.4 million and 8.3 million shares for the three months ended September 30, 2012 and 2011, respectively, and 6.0 million and 8.3 million shares for the nine months ended September 30, 2012 and 2011, respectively.

[2] Share-based payment awards classified as participating securities are anti-dilutive for the three months ended September 30, 2011 and therefore have been excluded from basic and diluted earnings per share calculations. Had these securities been included, the weighted-average shares outstanding would be increased by 3.3 million for the three months ended September 30, 2011.

[3] Dilutive securities include “in the money” options, non-participating restricted stock units and performance stock units. The weighted-average shares outstanding exclude the effect of 9.4 million and 19.3 million stock options and other securities for the three months ended September 30, 2012 and 2011, respectively, and 9.9 million and 12.1 million stock options and other securities for the nine months ended September 30, 2012 and 2011, respectively, because such securities were anti-dilutive. The weighted-average shares outstanding for the three and nine months ended September 30, 2012 also exclude the weighted average effect of 0.9 million performance stock units outstanding at September 30, 2012 because the securities were anti-dilutive.

[4] As disclosed in Footnote 6, substantially all of the remaining outstanding principal amount of the Convertible Notes was extinguished in March 2011. The Convertible Notes did not meaningfully impact diluted average shares outstanding in periods subsequent to March 31, 2011 because the maximum amount of shares required to settle the “in the money” portion of the $0.1 million principal amount of the Convertible Notes is not material. Dilution for the nine months ended September 30, 2011 takes into consideration the period of time the Convertible Notes were outstanding.

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting Information, Additional Information [Abstract]

Schedule Of Company's Reportable Segments

As of September 30, 2012, the Company’s three operating and reportable segments are as follows:

Reportable Segments	Key Brands	Description of Primary Products
Newell Consumer	Rubbermaid®, Levolor®, Goody®, Sharpie®,  Expo®, Paper Mate®, Parker®, Waterman®, Calphalon®	Indoor/outdoor organization, food storage and home storage products; window treatments; hair care accessories; writing instruments, including pens, pencils, markers and highlighters; fine writing instruments and leather goods; gourmet cookware, bakeware, cutlery and small kitchen electrics
Newell Professional	Rubbermaid® Commercial Products, Irwin®, Shur-line®, Bulldog®, Lenox®, Dymo®, Mimio®	Cleaning and refuse products, hygiene systems, material handling solutions and medical and computer carts, and wall-mounted work stations; hand tools and power tool accessories, manual paint applicators and convenience hardware; industrial bandsaw blades and cutting tools for pipes and HVAC systems; office technology solutions such as label makers and printers and interactive teaching solutions
Baby & Parenting	Graco®, Aprica®	Infant and juvenile products such as car seats, strollers, highchairs and playards

Schedule of Segment Reporting Information, by Segment

The comparative information for segment results and identifiable assets has been restated to conform to the 2012 presentation and is as follows (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net Sales (1)
Newell Consumer	$	814.6		$	832.1		$	2,262.6		$	2,322.3
Newell Professional	535.4			541.6			1,571.4			1,545.4
Baby & Parenting	185.3			176.2			549.9			501.7
	$	1,535.3		$	1,549.9		$	4,383.9		$	4,369.4
Operating Income (Loss) (2)
Newell Consumer (5)	$	137.9		$	128.8		$	359.0		$	363.1
Newell Professional	70.6			84.5			204.9			214.2
Baby & Parenting	18.3			17.7			59.9			38.1
Impairment charges	—			(382.6		)	—			(382.6		)
Restructuring costs	(13.7		)	(5.5		)	(37.5		)	(12.3		)
Corporate (5)	(24.7		)	(35.1		)	(88.2		)	(88.8		)
	$	188.4		$	(192.2	)	$	498.1		$	131.7

	September 30, 2012		December 31, 2011
Identifiable Assets
Newell Consumer	$	1,496.2	$	1,363.7
Newell Professional	1,286.4		1,126.3
Baby & Parenting	308.6		305.3
Corporate (3)	3,272.1		3,365.6
	$	6,363.3	$	6,160.9

Schedule Of Geographic Area Information

Geographic Area Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions)	2012		2011			2012		2011
Net Sales (1), (4)
United States	$	1,058.8	$	1,041.0		$	2,981.7	$	2,915.1
Canada	94.4		103.3			262.5		284.7
Total North America	1,153.2		1,144.3			3,244.2		3,199.8
Europe, Middle East and Africa	174.4		203.7			537.2		617.2
Latin America	86.4		86.2			245.3		238.4
Asia Pacific	121.3		115.7			357.2		314.0
Total International	382.1		405.6			1,139.7		1,169.6
	$	1,535.3	$	1,549.9		$	4,383.9	$	4,369.4
Operating Income (Loss) (2), (6)
United States (5)	$	138.3	$	(137.3	)	$	359.0	$	86.0
Canada	20.9		25.1			54.4		61.5
Total North America	159.2		(112.2		)	413.4		147.5
Europe, Middle East and Africa (5)	3.2		(4.5		)	17.0		14.6
Latin America	6.2		4.6			2.6		13.3
Asia Pacific	19.8		(80.1		)	65.1		(43.7		)
Total International	29.2		(80.0		)	84.7		(15.8		)
	$	188.4	$	(192.2	)	$	498.1	$	131.7

Schedules Of Restructuring And Impairment Charges By Region Included In Operating Income (Loss)

The following table summarizes the restructuring costs and impairment charges by region included in operating income (loss) above (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Restructuring Costs
United States	$	5.3	$	—	$	21.4	$	—
Canada	0.3		—		0.8		—
Total North America	5.6		—		22.2		—
Europe, Middle East and Africa	6.1		5.5		11.7		12.3
Latin America	1.7		—		2.6		—
Asia Pacific	0.3		—		1.0		—
Total International	8.1		5.5		15.3		12.3
	$	13.7	$	5.5	$	37.5	$	12.3

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Impairment Charges
United States	$	—	$	266.8	$	—	$	266.8
Canada	—		—		—		—
Total North America	—		266.8		—		266.8
Europe, Middle East and Africa	—		9.2		—		9.2
Latin America	—		—		—		—
Asia Pacific	—		106.6		—		106.6
Total International	—		115.8		—		115.8
	$	—	$	382.6	$	—	$	382.6

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Debt (Junior Convertible Subordinated Debentures) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended				3 Months Ended	9 Months Ended	12 Months Ended	9 Months Ended	24 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Jul. 15, 2012	Dec. 31, 2011	Sep. 30, 2012 Junior Subordinated Debt [Member]	Sep. 30, 2012 Junior Subordinated Debt [Member]	Dec. 31, 1997 Junior Subordinated Debt [Member]	Sep. 30, 2012 Convertible Preferred Stock [Member]	Dec. 31, 2005 Convertible Preferred Stock [Member]
Finance subsidiary ownership percentage								100.00%
Issued shares of convertible preferred securities										10.0
Convertible Preferred Securities, Dividend Rate, Percent										5.25%
Junior Convertible Subordinated Debt, Interest Rate, Stated Percentage							5.25%	5.25%
Preferred securities convertible into common stock										0.9865
Percentage of liquidation preference payable when called										100.00%
Liquidation preference on preferred stock										$ 421.2
Proceeds From Liquidation Of Investment In Unconsolidated Trust							15.5
Maturity date of junior convertible subordinated debentures								Dec. 01, 2027
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust	0		0		436.7	436.7
Convertible Preferred Securities, Shares Repurchased											1.6
Convertible Preferred Securities, Shares Repurchased, Price Per Share											$ 45.27
Convertible Preferred Securities, Shares Repurchased, Amount											71.3
Incremental Debentures Issued to Unconsolidated Subsidary									15.5
Redemption Price As A Percentage Of Face Amount							100.00%
Junior Subordinated Debentures Owed to Unconsolidated Subsidiary, Issued									515.5
Gains (Losses) on Extinguishment of Debt	$ 6.8	$ 0	$ 6.8	$ 4.8			$ 6.0

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Litigation And Contingencies

9 Months Ended

Sep. 30, 2012

Litigation And Contingencies [Abstract]

Litigation And Contingencies

Litigation and Contingencies

The Company is involved in legal proceedings in the ordinary course of its business. These proceedings include claims for damages arising out of use of the Company’s products, allegations of infringement of intellectual property, commercial disputes and employment matters, as well as environmental matters. Some of the legal proceedings include claims for punitive as well as compensatory damages, and certain proceedings may purport to be class actions.

In the normal course of business and as part of its acquisition and divestiture strategy, the Company may provide certain representations and indemnifications related to legal, environmental, product liability, tax or other types of issues. Based on the nature of these representations and indemnifications, it is not possible to predict the maximum potential payments under all of these agreements due to the conditional nature of the Company’s obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements did not have a material effect on the Company’s business, financial condition or results of operations.

The Company, using current product sales data and historical trends, actuarially calculates the estimate of its exposure for product liability. The Company has product liability reserves of $42.8 million and $39.7 million as of September 30, 2012 and December 31, 2011, respectively. The Company is insured for product liability claims for amounts in excess of established deductibles and accrues for the estimated liability as described up to the limits of the deductibles. All other claims and lawsuits are handled on a case-by-case basis.

Legal Matters

The Company is currently a party to two purported state class actions and one purported national Canadian class action. The cases include allegations that a certain model car seat sold by an affiliate of the Company did not satisfy all requisite government safety standards. The Company is vigorously defending all three actions.

In July 2007, the Company acquired all of the outstanding equity interests of PSI Systems, Inc. (“Endicia”), provider of DYMO|Endicia Internet Postage. Endicia was party to a lawsuit against it alleging patent infringement which was filed on November 22, 2006 in the U.S. District Court for the Central District of California. In this case, Stamps.com sought unspecified damages, attorneys’ fees and injunctive relief in order to prevent Endicia from continuing to engage in activities that are alleged to infringe on Stamps.com’s patents. In 2010, the Court entered judgment in favor of the Company terminating the action on summary judgment, and on June 15, 2011, the U.S. Court of Appeals for the Federal Circuit affirmed that judgment. Stamps.com’s petition for a rehearing before the Federal Circuit panel was denied and Stamps.com has no further right of appeal. A separate case, in which Endicia and Stamps.com each claimed infringement of different patents, was settled during March 2012 without payment by either the Company or Stamps.com.

The City of Sao Paulo’s Green and Environmental Office (the “Sao Paulo G&E Office”) is seeking fines of up to approximately $4.0 million related to alleged improper storage of hazardous materials at the Company’s tool manufacturing facility located in Sao Paulo, Brazil. The Company has obtained a stay of enforcement of a notice of fine due October 1, 2009 issued by the Sao Paulo G&E Office. The Company plans to continue to contest the fines.

Environmental Matters

As of September 30, 2012, the Company was involved in various matters concerning federal and state environmental laws and regulations, including matters in which the Company has been identified by the U.S. Environmental Protection Agency ("U.S. EPA") and certain state environmental agencies as a potentially responsible party (“PRP”) at contaminated sites under the Federal Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) and equivalent state laws.

In assessing its environmental response costs, the Company has considered several factors, including the extent of the Company’s volumetric contribution at each site relative to that of other PRPs; the kind of waste; the terms of existing cost sharing and other applicable agreements; the financial ability of other PRPs to share in the payment of requisite costs; the Company’s prior experience with similar sites; environmental studies and cost estimates available to the Company; the effects of inflation on cost estimates; and the extent to which the Company’s, and other parties’, status as PRPs is disputed.

The Company’s estimate of environmental response costs associated with these matters as of September 30, 2012 ranged between $21.5 million and $25.6 million. As of September 30, 2012, the Company had a reserve of $21.7 million for such environmental remediation and response costs in the aggregate, which is included in other accrued liabilities and other noncurrent liabilities in the Condensed Consolidated Balance Sheet. No insurance recovery was taken into account in determining the Company’s cost estimates or reserve, nor do the Company’s cost estimates or reserves reflect any discounting for present value purposes, except with respect to certain long-term operations and maintenance CERCLA matters, which are estimated at their present value of $18.7 million by applying a 5% discount rate to undiscounted obligations of $26.7 million.

Two of the Company's subsidiaries, Goody Products, Inc. and Berol Corporation (the “Company Parties”), are among over 300 entities named by Maxus Energy Corporation (“Maxus”) and Tierra Solutions, Inc. (“Tierra”) as third-party defendants in New Jersey Department of Environmental Protection, et al. (collectively “DEP”) v. Occidental Chemical Corporation, et al., pending in the Superior Court of New Jersey, Law Division - Essex County. Through the third-party complaint, Maxus and Tierra allege that releases from two facilities formerly operated by the Company Parties contributed to contamination in the Passaic River and other bodies of water and seek contribution for certain clean-up and removal costs, as well as other damages for which they may be found liable to DEP.

In addition, U.S. EPA has issued General Notice Letters (“GNLs”) to over 100 entities, including the Company and Berol Corporation, alleging that they are PRPs at the Diamond Alkali Superfund Site, which includes a 17-mile stretch of the Lower Passaic River and its tributaries. 72 of the GNL recipients, including the Company on behalf of itself and the Company Parties, have taken over the performance of the remedial investigation and feasibility study (“RI/FS”) for the Lower Passaic River. U.S. EPA continues to evaluate remedial options, the scope and cost of which have yet to be determined. U.S. EPA has also indicated that it will seek to have the PRPs fund the remedy. The site is also subject to a Natural Resource Damage Assessment.

Given the uncertainties pertaining to this matter–including that the litigation and RI/FS are ongoing, the ultimate remediation has not yet been determined, the parties have not agreed upon a final allocation for the investigation and any remediation, and the extent to which the Company Parties may be held liable or responsible is not yet known–it is not possible for the Company to estimate its ultimate liability related to this matter. Based on currently known facts and circumstances, the Company does not believe that this matter is reasonably likely to have a material impact on the Company's results of operations because the Company Parties' facilities are not alleged to have discharged the contaminants which are of the greatest concern in the river sediments, and because there are numerous other parties who will likely share in any costs of remediation and/or damages. However, in the event of one or more adverse determinations related to this matter, it is possible that the ultimate liability resulting from this matter and the impact on the Company's results of operations could be material.

Because of the uncertainties associated with environmental investigations and response activities, the possibility that the Company could be identified as a PRP at sites identified in the future that require the incurrence of environmental response costs and the possibility that sites acquired in business combinations may require environmental response costs, actual costs to be incurred by the Company may vary from the Company’s estimates.

Although management of the Company cannot predict the ultimate outcome of these proceedings with certainty, except as otherwise may be described above, it believes that the ultimate resolution of the Company’s proceedings, including any amounts it may be required to pay in excess of amounts reserved, will not have a material effect on the Company’s condensed consolidated financial statements.

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Restructuring Costs (Tables)

9 Months Ended

Sep. 30, 2012

Reportable Business Segment [Member]

Summary Of Restructuring Costs

The table below shows restructuring costs recognized for all restructuring activities for the periods indicated, aggregated by reportable business segment (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Segment	2012		2011		2012		2011
Newell Consumer	$	1.3	$	—	$	12.2	$	—
Newell Professional	4.3		—		9.1		—
Baby & Parenting	0.5		—		0.7		—
Corporate	7.6		5.5		15.5		12.3
	$	13.7	$	5.5	$	37.5	$	12.3

Project Renewal [Member]

Schedule Of Restructuring Costs By Segment

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2012 aggregated by reportable business segment (in millions):

	December 31, 2011							September 30, 2012
Segment	Balance		Provision		Costs Incurred			Balance
Newell Consumer	$	8.7	$	12.2	$	(11.3	)	$	9.6
Newell Professional	2.4		9.1		(6.4		)	5.1
Baby & Parenting	1.8		0.7		(1.8		)	0.7
Corporate	2.8		3.3		(3.7		)	2.4
	$	15.7	$	25.3	$	(23.2	)	$	17.8

Schedule of Changes In Accrued Restructuring Reserves

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2012 (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	11.2	$	17.8	$	(15.8	)	$	13.2
Exited contractual commitments and other	4.5		7.5		(7.4		)	4.6
	$	15.7	$	25.3	$	(23.2	)	$	17.8

Schedule Of Rescturcturing Costs, By Cost Type

The following table depicts the restructuring charges incurred in connection with Project Renewal (in millions):

	Three Months Ended		Nine Months Ended
	September 30, 2012		September 30, 2012
Employee severance, termination benefits and relocation costs	$	5.1	$	17.8
Exited contractual commitments and other	2.0		7.5
	$	7.1	$	25.3

European Transformation Plan [Member]

Summary Of Restructuring Costs

Restructuring charges incurred in connection with the European Transformation Plan are reported in the Company's Corporate segment and were as follows for the periods indicated (in millions):

	Three Months Ended				Nine Months Ended				Since inception through September 30, 2012
	September 30,				September 30,
	2012		2011		2012		2011
Restructuring charges	$	6.6	$	5.5	$	12.2	$	12.3	$	31.1

Schedule of Changes In Accrued Restructuring Reserves

The following table depicts the activity in accrued restructuring reserves for the European Transformation Plan for the nine months ended September 30, 2012 (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	6.0	$	9.7	$	(5.9	)	$	9.8
Exited contractual commitments and other	2.1		2.5		(1.7		)	2.9
	$	8.1	$	12.2	$	(7.6	)	$	12.7

Project Acceleration [Member]

Schedule Of Restructuring Costs By Segment

The following table depicts the activity in accrued restructuring reserves for the nine months ended September 30, 2012 aggregated by reportable business segment (in millions):

	December 31, 2011							September 30, 2012
Segment	Balance		Provision		Costs Incurred			Balance
Newell Consumer	$	2.7	$	—	$	(0.1	)	$	2.6
Newell Professional	3.7		—		(0.6		)	3.1
Corporate	2.8		—		(1.7		)	1.1
	$	9.2	$	—	$	(2.4	)	$	6.8

Schedule of Changes In Accrued Restructuring Reserves

A summary of activity in accrued restructuring reserves for the nine months ended September 30, 2012 is as follows (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	3.3	$	—	$	(1.5	)	$	1.8
Exited contractual commitments and other	5.9		—		(0.9		)	5.0
	$	9.2	$	—	$	(2.4	)	$	6.8

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Debt (Medium-Term Notes) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Proceeds from Issuance of Long-term Debt	$ 495.1	$ 3.3
6.11% Notes Due 2028 [Member]
Principal amount of note	8.5
Debt Instrument, Interest Rate, Stated Percentage	6.11%
Maturity date	Jul. 17, 2028
6.75% Senior Notes Due March 2012 [Member]
Principal amount of note	250.0
Debt Instrument, Interest Rate, Stated Percentage	6.75%
Debt Instrument, Effective Interest Rate During Period, Net Of Interest Rate Swaps Impact	3.50%
5.5% Notes Due April 2013 [Member]
Principal amount of note	500.0
Debt Instrument, Interest Rate, Stated Percentage	5.50%
2% Notes Due 2015 And 4% Notes Due 2022 [Member]
Principal amount of note	500.0
Debt Instrument, Principal Amount, Change In Control Redemption Percent	101.00%
Proceeds from Issuance of Long-term Debt	495.1
2% Notes Due June 2015 [Member]
Principal amount of note	250.0
Debt Instrument, Interest Rate, Stated Percentage	2.00%
Maturity date	Jun. 13, 2015
4% Notes Due June 2022 [Member]
Principal amount of note	$ 250.0
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Maturity date	Jun. 13, 2022
Debt Instrument, Principal Amount, Redemption Percent	100.00%

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Restructuring Costs (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			9 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Number of Operating Groups in 2011				3
Number of Operating Groups in 2012				2
Number of Global Business Units in 2011				13
Number of Global Business Units in 2012				9
Number of Business Segments	6
Cash paid for restructuring activities		$ 9.5	$ 6.0	$ 31.9	$ 26.5
Project Renewal [Member]
Number of Operating Groups in 2011				3
Number of Operating Groups in 2012				2
Number of Global Business Units in 2011				13
Number of Global Business Units in 2012				9
Expected completion year				Jun. 30, 2015
Project Renewal Estimated Restructuring Charges - Low [Member] [Domain]
Expected cumulative restructuring charges				90
Project Renewal Estimated Restructuring Charges High [Member] [Domain]
Expected cumulative restructuring charges				100
Project Renewal Expected Cash Costs Low [Member] [Domain]
Cash expected to be paid for restructuring				75
Project Renewal Expected Cash Costs - High [Member] [Domain]
Cash expected to be paid for restructuring				90
Renewal Expansion, Low Estimate [Domain]
Expected cumulative restructuring charges				250
Cash expected to be paid for restructuring				225
Renewal Expansion, High Estimate [Domain]
Expected cumulative restructuring charges				275
Cash expected to be paid for restructuring				250
Renewal Expansion Phase [Domain]
Employee Related Cash Restructuring Costs As A Percentage Of Total Cash Restructuring Costs				80.00%
Renewal Combined, Estimated Charges, Low [Domain]
Expected cumulative restructuring charges				340
Cash expected to be paid for restructuring				300
Renewal Combined, Estimated Charges, High [Domain]
Expected cumulative restructuring charges				375
Cash expected to be paid for restructuring				340
European Transformation Plan Minimum Charges [Member] | Employee Related Cash Costs [Member]
Expected cumulative restructuring charges				35
European Transformation Plan Maximum Charges [Member] | Employee Related Cash Costs [Member]
Expected cumulative restructuring charges				$ 40
European Transformation Plan [Member]
Expected completion year				Dec. 31, 2012
European Transformation Plan [Member] | Forecast of EMEA Operating Margin [Member]
Increase in operating margin				10.00%

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Condensed Consolidated Balance Sheets Condensed Consolidated Balance Sheets Parentheticals (USD $)	Sep. 30, 2012	Dec. 31, 2011
Common Stock, Par or Stated Value Per Share	$ 1.00	$ 1.00
Common Stock, Shares Authorized	800,000,000	800,000,000
Common Stock, Shares, Issued	305,300,000	305,300,000
Preferred Stock, Par or Stated Value Per Share	$ 1.00	$ 1.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Treasury Stock, Shares	17,700,000	17,000,000

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Restructuring Costs

9 Months Ended

Sep. 30, 2012

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

Restructuring Costs

Project Renewal

In October 2011, the Company announced Project Renewal, a program designed to reduce the complexity of the organization and increase investment in growth platforms within the business. In connection with the program, the Company consolidated three operating groups into two and 13 global business units into nine. In addition, the consolidation of a limited number of manufacturing facilities and distribution centers will be implemented as part of the program, with the goal of increasing operational efficiency, reducing costs and improving gross margin. The Company expected to record pretax restructuring charges of $90 to $100 million for Project Renewal, of which $75 to $90 million were expected to be cash costs.

The following table depicts the restructuring charges incurred in connection with Project Renewal (in millions):

	Three Months Ended		Nine Months Ended
	September 30, 2012		September 30, 2012
Employee severance, termination benefits and relocation costs	$	5.1	$	17.8
Exited contractual commitments and other	2.0		7.5
	$	7.1	$	25.3

Project Renewal restructuring charges since inception through September 30, 2012 were $56.5 million.

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2012 (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	11.2	$	17.8	$	(15.8	)	$	13.2
Exited contractual commitments and other	4.5		7.5		(7.4		)	4.6
	$	15.7	$	25.3	$	(23.2	)	$	17.8

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the nine months ended September 30, 2012 aggregated by reportable business segment (in millions):

	December 31, 2011							September 30, 2012
Segment	Balance		Provision		Costs Incurred			Balance
Newell Consumer	$	8.7	$	12.2	$	(11.3	)	$	9.6
Newell Professional	2.4		9.1		(6.4		)	5.1
Baby & Parenting	1.8		0.7		(1.8		)	0.7
Corporate	2.8		3.3		(3.7		)	2.4
	$	15.7	$	25.3	$	(23.2	)	$	17.8

In October 2012, the Company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the Company's Consumer and Professional groups will be eliminated and the Company's nine global business units will be streamlined into six business segments. In connection with the expansion, the Company expects to incur incremental cash costs of $225 to $250 million, approximately 80% of which are employee-related cash costs, including severance, retirement, and other termination benefits and costs. The Company also expects to record incremental pretax restructuring charges in the range of $250 to $275 million over the same period. Cumulative costs of the expanded Project Renewal are now expected to be $340 to $375 million pretax, with cash costs of $300 to $340 million. Due to the expansion, Project Renewal is now expected to be complete by mid-2015.

European Transformation Plan

In June 2010, the Company announced a program to simplify and centralize its European business (the “European Transformation Plan”). The European Transformation Plan includes initiatives designed to transform the European organizational structure and processes to centralize certain operating activities, improve performance, leverage the benefits of scale and to facilitate a more efficient and cost effective implementation of an enterprise resource planning program in Europe, all with the aim of increasing operating margin in the European region to approximately 10%.

The European Transformation Plan is expected to result in cumulative restructuring charges totaling between $35 and $40 million, substantially all of which are employee-related cash costs, including severance, retirement, and other termination benefits and relocation costs. The Company expects the European Transformation Plan to be substantially complete by December 31, 2012.

Restructuring charges incurred in connection with the European Transformation Plan are reported in the Company's Corporate segment and were as follows for the periods indicated (in millions):

	Three Months Ended				Nine Months Ended				Since inception through September 30, 2012
	September 30,				September 30,
	2012		2011		2012		2011
Restructuring charges	$	6.6	$	5.5	$	12.2	$	12.3	$	31.1

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for the European Transformation Plan for the nine months ended September 30, 2012 (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	6.0	$	9.7	$	(5.9	)	$	9.8
Exited contractual commitments and other	2.1		2.5		(1.7		)	2.9
	$	8.1	$	12.2	$	(7.6	)	$	12.7

Project Acceleration

In 2010, the Company completed a global initiative referred to as Project Acceleration aimed at strengthening and transforming the Company’s portfolio. Project Acceleration was designed to reduce manufacturing overhead, better align the Company’s distribution and transportation processes to achieve logistical excellence, reorganize the Company’s overall business structure to align with the Company’s core organizing concept, the global business unit, to achieve best total cost, and exit selected low-margin, commodity-like, mostly resin-intensive product categories.

A summary of activity in accrued restructuring reserves for the nine months ended September 30, 2012 is as follows (in millions):

	December 31, 2011							September 30, 2012
	Balance		Provision		Costs Incurred			Balance
Employee severance, termination benefits and relocation costs	$	3.3	$	—	$	(1.5	)	$	1.8
Exited contractual commitments and other	5.9		—		(0.9		)	5.0
	$	9.2	$	—	$	(2.4	)	$	6.8

The following table depicts the activity in accrued restructuring reserves for the nine months ended September 30, 2012 aggregated by reportable business segment (in millions):

	December 31, 2011							September 30, 2012
Segment	Balance		Provision		Costs Incurred			Balance
Newell Consumer	$	2.7	$	—	$	(0.1	)	$	2.6
Newell Professional	3.7		—		(0.6		)	3.1
Corporate	2.8		—		(1.7		)	1.1
	$	9.2	$	—	$	(2.4	)	$	6.8

The table below shows restructuring costs recognized for all restructuring activities for the periods indicated, aggregated by reportable business segment (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Segment	2012		2011		2012		2011
Newell Consumer	$	1.3	$	—	$	12.2	$	—
Newell Professional	4.3		—		9.1		—
Baby & Parenting	0.5		—		0.7		—
Corporate	7.6		5.5		15.5		12.3
	$	13.7	$	5.5	$	37.5	$	12.3

Cash paid for all restructuring activities was $9.5 million and $31.9 million for the three and nine month periods ended September 30, 2012, respectively, and $6.0 million and $26.5 million for the three and nine month periods ended September 30, 2011, respectively.

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Derivatives Derivatives (Cash Flow Hedges Recognized In AOCI) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (5.2)	$ 5.4	$ (5.8)	$ (3.7)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			(2.4)
Forward Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(0.8)	0	0.3	0
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(2.0)	2.5	(2.1)	(4.5)
Foreign Exchange Contracts on Intercompany Borrowings [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(2.0)	2.9	(0.4)	0.8
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (0.4)	$ 0	$ (3.6)	$ 0

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Segment Information Segments (Narrative) (Details)	9 Months Ended
	Sep. 30, 2012
Segment Reporting Information [Line Items]
Number of Operating Groups in 2011	3
Number of Operating Groups in 2012	2
Number of Global Business Units in 2011	13
Number of Global Business Units in 2012	9

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Inventories, Net (Tables)

9 Months Ended

Sep. 30, 2012

Inventory, Net [Abstract]

Components Of Net Inventories

Inventories are stated at the lower of cost or market value. The components of net inventories were as follows (in millions):

	September 30, 2012		December 31, 2011
Materials and supplies	$	142.6	$	130.8
Work in process	128.3		105.6
Finished products	551.9		463.5
	$	822.8	$	699.9

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Subsequent Events Dividends (Details) (USD $)	3 Months Ended			9 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Subsequent Event [Line Items]
Dividends per share		$ 0.10	$ 0.08	$ 0.28	$ 0.21
Common Stock Dividends Per Share, Approved But Not Declared	$ 0.15

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Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	14 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Stock Repurchase Program, Authorized Amount	$ 300.0
Stock Repurchase Program, Period in Force	3 years
Stock Repurchased and Retired During Period, Shares	3.8	7.2
Stock Repurchased and Retired During Period, Value	$ 67.2	$ 113.3

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Other Accrued Liabilities

9 Months Ended

Sep. 30, 2012

Accrued Liabilities [Abstract]

Other Accrued Liabilities

Other Accrued Liabilities

Other accrued liabilities included the following (in millions):

	September 30, 2012		December 31, 2011
Customer accruals	$	252.5	$	250.7
Accruals for manufacturing, marketing and freight expenses	106.2		105.1
Accrued self-insurance liabilities	69.2		66.8
Accrued pension, defined contribution and other postretirement benefits	50.0		54.6
Accrued contingencies, primarily legal, environmental and warranty	36.8		37.2
Accrued restructuring (See Footnote 4)	37.3		33.0
Other	121.4		146.1
Other accrued liabilities	$	673.4	$	693.5

Customer accruals are promotional allowances and rebates, including cooperative advertising, given to customers in exchange for their selling efforts and volume purchased. The self-insurance accrual is primarily casualty liabilities such as workers’ compensation, general and product liability and auto liability and is estimated based upon historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs.