Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting Information, Additional Information [Abstract]

Segment Information

Segment Information

The Company’s reportable segments are as follows:

Segment	Key Brands	Description of Primary Products
Writing	Sharpie®, Paper Mate®, Expo®, Parker®, Waterman®, Dymo® Office, Endicia®	Writing instruments, including markers and highlighters, pens and pencils; art products; fine writing instruments; office technology solutions, including labeling and on-line postage solutions
Home Solutions	Rubbermaid®, Calphalon®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; gourmet cookware, bakeware and cutlery; drapery hardware and window treatments; hair care accessories
Tools	Irwin®, Lenox®, hilmor™, Dymo® Industrial	Hand tools and power tool accessories; industrial bandsaw blades; tools for pipes and HVAC systems; label makers for industrial use
Commercial Products	Rubbermaid Commercial Products®, Rubbermaid® Healthcare	Cleaning and refuse products, hygiene systems, material handling solutions; medical and computer carts and wall-mounted workstations
Baby & Parenting	Graco®, Aprica®, Teutonia®	Infant and juvenile products such as car seats, strollers, highchairs and playards

The Company’s segment and geographic results are as follows for the periods indicated (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net Sales (1)
Writing	$	502.6		$	477.8		$	863.9		$	818.4
Home Solutions	388.9			399.1			710.1			738.0
Tools	222.3			198.0			410.1			386.6
Commercial Products	223.5			203.6			406.1			386.7
Baby & Parenting	183.7			196.2			363.0			385.8
	$	1,521.0		$	1,474.7		$	2,753.2		$	2,715.5
Operating Income (Loss) (2)
Writing	$	129.6		$	123.6		$	206.7		$	186.8
Home Solutions	48.3			53.7			74.6			87.8
Tools	29.9			18.3			51.3			37.0
Commercial Products	36.2			21.9			50.0			43.5
Baby & Parenting	12.2			23.8			17.6			47.7
Restructuring costs	(11.5		)	(32.0		)	(23.5		)	(66.4		)
Corporate	(31.3		)	(23.9		)	(58.1		)	(53.2		)
	$	213.4		$	185.4		$	318.6		$	283.2

	June 30, 2014		December 31, 2013
Identifiable Assets
Writing	$	1,110.6	$	931.2
Home Solutions	587.2		559.4
Tools	646.9		595.7
Commercial Products	359.2		343.3
Baby & Parenting	315.2		321.9
Corporate (3)	3,199.0		3,318.2
	$	6,218.1	$	6,069.7

Geographic Area Information

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in millions)	2014		2013			2014		2013
Net Sales (1), (4)
United States	$	1,054.5	$	1,016.1		$	1,885.7	$	1,835.0
Canada	76.9		83.4			129.9		145.2
Total North America	1,131.4		1,099.5			2,015.6		1,980.2
Europe, Middle East and Africa	188.8		181.4			353.0		348.5
Latin America	102.8		84.2			194.8		177.4
Asia Pacific	98.0		109.6			189.8		209.4
Total International	389.6		375.2			737.6		735.3
	$	1,521.0	$	1,474.7		$	2,753.2	$	2,715.5
Operating Income (Loss) (2), (5)
United States	$	157.7	$	156.5		$	223.6	$	237.5
Canada	18.9		21.3			29.3		31.5
Total North America	176.6		177.8			252.9		269.0
Europe, Middle East and Africa	22.7		(8.6		)	37.8		(23.4		)
Latin America	9.2		0.8			20.0		8.1
Asia Pacific	4.9		15.4			7.9		29.5
Total International	36.8		7.6			65.7		14.2
	$	213.4	$	185.4		$	318.6	$	283.2

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 10.0% of consolidated net sales in the three months ended June 30, 2014 and 2013 and approximately 10.0% and 9.8% of consolidated net sales in the six months ended June 30, 2014 and 2013, respectively.

(2) Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses for continuing operations. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, restructuring costs and impairment charges, if any, for continuing operations. 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, benefit plan assets and deferred tax assets.

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

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Restructuring Costs
United States	$	4.9	$	7.1	$	12.8	$	12.8
Canada	—		—		0.1		—
Total North America	4.9		7.1		12.9		12.8
Europe, Middle East and Africa	5.9		22.1		8.7		48.3
Latin America	0.2		1.1		0.3		3.6
Asia Pacific	0.5		1.7		1.6		1.7
Total International	6.6		24.9		10.6		53.6
	$	11.5	$	32.0	$	23.5	$	66.4