Segment Information

9 Months Ended

Sep. 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	Writing instruments, including markers and highlighters, pens and pencils; art products; fine writing instruments; and office technology solutions, including labeling
Home Solutions	Rubbermaid®, Contigo®,Calphalon®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; durable beverage containers; 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						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Net Sales (1)
Writing	$	453.2		$	442.2		$	1,290.7		$	1,235.2
Home Solutions	417.0			422.8			1,116.8			1,146.3
Tools	214.8			210.6			624.9			597.2
Commercial Products	218.0			196.3			624.1			583.0
Baby & Parenting	181.5			194.2			544.5			580.0
	$	1,484.5		$	1,466.1		$	4,201.0		$	4,141.7
Operating Income (Loss) (2)
Writing	$	108.3		$	107.9		$	313.5		$	289.9
Home Solutions	60.9			67.1			136.4			155.7
Tools	22.1			12.3			73.4			49.3
Commercial Products	27.5			23.5			77.5			67.0
Baby & Parenting	8.2			23.9			25.8			71.6
Restructuring costs	(19.7		)	(31.3		)	(43.2		)	(97.7		)
Corporate	(34.1		)	(24.9		)	(92.2		)	(78.1		)
	$	173.2		$	178.5		$	491.2		$	457.7

	September 30, 2014		December 31, 2013
Identifiable Assets
Writing	$	976.8	$	931.2
Home Solutions	772.7		559.4
Tools	642.1		595.7
Commercial Products	359.8		343.3
Baby & Parenting	304.1		321.9
Corporate (3)	3,293.7		3,318.2
	$	6,349.2	$	6,069.7

Geographic Area Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions)	2014		2013			2014		2013
Net Sales (1), (4)
United States	$	1,034.3	$	1,015.3		$	2,884.1	$	2,810.7
Canada	79.0		84.8			208.9		230.0
Total North America	1,113.3		1,100.1			3,093.0		3,040.7
Europe, Middle East and Africa	156.1		162.5			508.3		510.7
Latin America	116.0		104.3			310.8		281.7
Asia Pacific	99.1		99.2			288.9		308.6
Total International	371.2		366.0			1,108.0		1,101.0
	$	1,484.5	$	1,466.1		$	4,201.0	$	4,141.7
Operating Income (Loss) (2), (5)
United States	$	127.3	$	142.3		$	350.8	$	376.1
Canada	16.6		19.3			45.9		50.8
Total North America	143.9		161.6			396.7		426.9
Europe, Middle East and Africa	13.8		(6.3		)	51.1		(30.0		)
Latin America	13.6		11.9			33.6		20.0
Asia Pacific	1.9		11.3			9.8		40.8
Total International	29.3		16.9			94.5		30.8
	$	173.2	$	178.5		$	491.2	$	457.7

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 12.7% and 13.9% of consolidated net sales in the three months ended September 30, 2014 and 2013, respectively, and approximately 11.0% and 11.3% of consolidated net sales in the nine months ended September 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				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Restructuring Costs
United States	$	9.9	$	9.1	$	22.7	$	21.9
Canada	1.8		0.1		1.9		0.1
Total North America	11.7		9.2		24.6		22.0
Europe, Middle East and Africa	4.8		19.3		13.5		67.6
Latin America	0.6		0.6		0.9		4.2
Asia Pacific	2.6		2.2		4.2		3.9
Total International	8.0		22.1		18.6		75.7
	$	19.7	$	31.3	$	43.2	$	97.7