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 March 31, 2015

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 March 31, 2015: 268.7 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	24
Item 3. Quantitative and Qualitative Disclosures about Market Risk	40
Item 4. Controls and Procedures	40
PART II. OTHER INFORMATION	42
Item 1. Legal Proceedings	42
Item 1A. Risk Factors	42
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	42
Item 6. Exhibits	43
SIGNATURES	44

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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
	March 31,
	2015			2014
Net sales	$	1,264.0		$	1,214.3
Cost of products sold	776.5			757.3
GROSS MARGIN	487.5			457.0
Selling, general and administrative expenses	362.0			340.3
Restructuring costs	27.3			12.0
OPERATING INCOME	98.2			104.7
Nonoperating expenses:
Interest expense, net	19.2			14.4
Other expense, net	0.1			40.0
Net nonoperating expenses	19.3			54.4
INCOME BEFORE INCOME TAXES	78.9			50.3
Income tax expense (benefit)	22.0			(1.5		)
INCOME FROM CONTINUING OPERATIONS	56.9			51.8
(Loss) income from discontinued operations, net of tax	(2.8		)	1.1
NET INCOME	$	54.1		$	52.9
Weighted average shares outstanding:
Basic	270.5			280.9
Diluted	272.7			283.8
Earnings per share:
Basic:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19
Diluted:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19
Dividends per share	$	0.19		$	0.15

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

(Amounts in millions)

	Three Months Ended
	March 31,
	2015			2014
NET INCOME	$	54.1		$	52.9
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(105.5		)	5.9
Change in unrecognized pension and other postretirement costs	11.2			2.8
Derivative hedging gain	1.1			0.8
Total other comprehensive (loss) income, net of tax	(93.2		)	9.5
COMPREHENSIVE (LOSS) INCOME (1)	$	(39.1	)	$	62.4

(1) Comprehensive income attributable to noncontrolling interests was not material.

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(Amounts in millions, except par values)

	March 31, 2015			December 31, 2014
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	215.4		$	199.4
Accounts receivable, net	1,053.2			1,248.2
Inventories, net	852.3			708.5
Deferred income taxes	122.9			134.4
Prepaid expenses and other	179.2			136.1
TOTAL CURRENT ASSETS	2,423.0			2,426.6
PROPERTY, PLANT AND EQUIPMENT, NET	563.3			559.1
GOODWILL	2,474.6			2,546.0
OTHER INTANGIBLE ASSETS, NET	877.2			887.2
OTHER ASSETS	266.5			262.2
TOTAL ASSETS	$	6,604.6		$	6,681.1
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	615.6		$	674.1
Accrued compensation	99.8			159.9
Other accrued liabilities	588.4			659.3
Short-term debt	733.9			390.7
Current portion of long-term debt	6.5			6.7
TOTAL CURRENT LIABILITIES	2,044.2			1,890.7
LONG-TERM DEBT	2,094.1			2,084.5
DEFERRED INCOME TAXES	231.1			220.4
OTHER NONCURRENT LIABILITIES	536.2			630.6
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	288.9			288.7
Outstanding shares, before treasury:
2015 – 288.9
2014 – 288.7
Treasury stock, at cost:	(519.0		)	(493.1		)
Shares held:
2015 – 20.2
2014 – 19.5
Additional paid-in capital	766.3			739.0
Retained earnings	2,046.9			2,111.2
Accumulated other comprehensive loss	(887.6		)	(794.4		)
STOCKHOLDERS’ EQUITY ATTRIBUTABLE TO PARENT	1,695.5			1,851.4
STOCKHOLDERS’ EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	3.5			3.5
TOTAL STOCKHOLDERS’ EQUITY	1,699.0			1,854.9
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	6,604.6		$	6,681.1

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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NEWELL RUBBERMAID INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(Amounts in millions)

	Three Months Ended
	March 31,
	2015			2014
OPERATING ACTIVITIES:
Net income	$	54.1		$	52.9
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	42.2			38.1
Net gain from sale of discontinued operations	—			(2.2		)
Deferred income taxes	17.9			14.6
Non-cash restructuring costs	—			1.0
Stock-based compensation expense	6.8			7.0
Other, net	5.5			45.0
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	170.0			130.5
Inventories	(164.8		)	(115.8		)
Accounts payable	(38.7		)	(16.1		)
Accrued liabilities and other	(247.3		)	(247.1		)
NET CASH USED IN OPERATING ACTIVITIES	(154.3		)	(92.1		)
INVESTING ACTIVITIES:
Proceeds from sales of discontinued operations and noncurrent assets	4.0			—
Acquisitions and acquisition-related activity	(2.0		)	—
Capital expenditures	(50.9		)	(31.9		)
Other	(0.2		)	(0.3		)
NET CASH USED IN INVESTING ACTIVITIES	(49.1		)	(32.2		)
FINANCING ACTIVITIES:
Short-term borrowings, net	343.4			144.9
Repurchase and retirement of shares of common stock	(73.6		)	(44.4		)
Cash dividends	(53.2		)	(42.9		)
Excess tax benefits related to stock-based compensation	15.2			5.6
Other stock-based compensation activity, net	(13.6		)	10.7
NET CASH PROVIDED BY FINANCING ACTIVITIES	218.2			73.9
Currency rate effect on cash and cash equivalents	1.2			(39.1		)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	16.0			(89.5		)
Cash and cash equivalents at beginning of period	199.4			226.3
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	215.4		$	136.8

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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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 of 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 (including normal recurring accruals) considered necessary for a fair presentation of the financial position and the results of operations of the Company. 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 most recent 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 approximately 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 90% 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, customer program payments, working capital requirements and credit terms provided to customers. Accordingly, the Company’s results for the three months ended March 31, 2015 may not necessarily be indicative of the results that may be expected for the full year ending December 31, 2015.

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 April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” Under ASU 2014-08, only disposals representing a strategic shift in operations that have a major effect on the Company’s operations and financial results are presented as discontinued operations. This guidance requires expanded disclosure that provides information about the assets, liabilities, income and expenses of discontinued operations. Additionally, the guidance requires additional disclosure for a disposal of a significant part of an entity that does not qualify for discontinued operations reporting. The Company adopted ASU 2014-08 on January 1, 2015, and the adoption did not impact the Company’s financial statements and disclosures. As required by ASU 2014-08, the businesses classified as discontinued operations as of December 31, 2014 continued to be classified as such after January 1, 2015.

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers. Accounting Standard Codification 605 — Revenue Recognition.” ASU 2014-09 supersedes the revenue recognition requirements in “Accounting Standard Codification 605 — Revenue Recognition” and most industry-specific guidance. ASU 2014-09 requires that entities recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for fiscal years beginning after December 15, 2016. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company is currently assessing the impact ASU 2014-09 will have on its financial position and results of operations.

In January 2015, the FASB issued ASU No. 2015-01, “Income Statement—Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” which simplifies income statement presentation by eliminating the concept of extraordinary items. Previously, events or transactions that were both unusual in nature and infrequent in occurrence for a business entity were considered to be extraordinary items and required separate presentation, net of tax, after income from continuing operations. The presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual and infrequently occurring. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company has not adopted ASU 2015-01, but the adoption of ASU 2015-01 is not expected to have a material impact on the Company’s results of operations, cash flows or financial position.

In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs,” which changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be

7

reported as interest expense. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company has not adopted ASU 2015-03, but the adoption of ASU 2015-03 is expected to reduce the Company’s long-term assets and long-term debt by approximately $18.0 million upon adoption.

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 accounts for its Venezuelan operations using highly inflationary accounting, and therefore, the Company remeasures assets, liabilities, sales and expenses denominated in Bolivar Fuertes (“Bolivars”) into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments are included in earnings.

Beginning in July 2013, the Venezuelan government authorized certain companies that operate in designated industry sectors to exchange a limited volume of Bolivars for U.S. Dollars at a bid rate established via weekly auctions under a system referred to as “SICAD I.” During the first quarter of 2014, the government expanded the types of transactions that may be subject to the weekly SICAD I auction process while retaining the official rate of 6.3 Bolivars per U.S. Dollar and introduced another currency exchange mechanism (“SICAD II”). The SICAD II rate was intended to more closely resemble a market-driven exchange rate than the official rate and SICAD I. The SICAD I and SICAD II rates were in addition to the official rate of 6.3 Bolivars to U.S. Dollar used to settle certain transactions, including the import of essential goods, through the National Center of Foreign Trade (“CENCOEX”). As a result of these changes, an entity could have converted Bolivars to U.S. Dollars at one or more of three legal exchange rates, which as of March 31, 2014, were 6.3 (official rate), 10.7 (SICAD I) and 49.8 (SICAD II). The Company analyzed the multiple rates available and the Company's estimates of the applicable rate at which future transactions could be settled and dividends could be paid. Based on this analysis, as of March 31, 2014, the Company determined that the SICAD I rate was the most appropriate rate to use for remeasurement. Therefore, as of March 31, 2014, the Company remeasured the net monetary assets of its Venezuelan operations using an exchange rate of 10.7 Bolivars per U.S. Dollar and recorded a foreign exchange loss of $38.7 million during the three months ended March 31, 2014 associated with remeasuring the Venezuelan operation’s net monetary assets denominated in Bolivars.

In February 2015, the Venezuelan government announced changes in its foreign currency exchange system. The official rate of 6.3 Bolivars per U.S. Dollar is expected to continue to be made available for purchases of essential goods. The SICAD I exchange mechanism became known as SICAD. There were no known SICAD auctions conducted during the three months ended March 31, 2015, and the Company last participated in a SICAD auction in the fourth quarter of 2014. The SICAD II market has been eliminated, and a new alternative currency market, the Foreign Exchange Marginal System (“SIMADI”) has been created. The SIMADI market is intended to have a floating exchange rate determined by market participants, and as of March 31, 2015, the SIMADI exchange rate was 193 Bolivars per U.S. Dollar. The Company remeasures its Venezuelan operation’s financial results at the rate at which it expects to settle future transactions and remit future dividends which, based on the advice of legal counsel, is currently the SICAD rate. As a result, the Company continued to use the exchange rate applicable in the last SICAD auction of 12.0 Bolivars per U.S. Dollar to remeasure the results of its Venezuelan operations for the three months ended March 31, 2015.

The results of the Company’s Venezuelan operations have been included in the Company’s consolidated financial statements for all periods presented, as the Company has been able to exchange Bolivars for a sufficient amount of U.S. Dollars in the SICAD auctions to fund its Venezuelan operations. While the Company will continue to assess the impact, if any, of the changes to the Venezuela foreign currency exchange system, if the Company is unable to obtain sufficient U.S. Dollars from CENCOEX or the SICAD market to fund its requirements for imported goods and instead needs to access the SIMADI market, it would significantly impact the Company’s Venezuelan operations which would adversely impact the Company’s results of operations.

As of March 31, 2015, the Company’s Venezuelan operations had approximately $57.8 million in Bolivar-denominated net monetary assets, including $52.9 million of cash and cash equivalents. In future periods, foreign exchange gains (losses) arising due to the appreciation (depreciation) of the Bolivar versus the U.S. Dollar will result in benefits (charges) based on the change in value of the Bolivar-denominated net monetary assets. During the three months ended March 31, 2015 and 2014, the Company’s Venezuelan operations generated less than 2% of consolidated net sales using the applicable exchange rate for each period (CENCOEX for the three months ended March 31, 2014 and SICAD for the three months ended March 31, 2015).

The Company is unable to predict with certainty whether future devaluations will occur because of economic and political uncertainty in Venezuela. If the Bolivar devalues further or if the Company is able to access currency at different rates that are reasonable to the Company, it could result in additional foreign currency exchange losses, and such devaluations could adversely affect the Company’s future financial results. Despite the additional currency conversion mechanisms, the Company’s ability to pay dividends from Venezuela is still restricted due to the low volume of U.S. Dollars available for conversion.

8

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, including the reversal of valuation allowances, which may cause significant variations in the customary relationship between income tax expense (benefit) and pretax income (loss) in quarterly periods. The income tax expense (benefit) for such unusual and/or infrequent items is recorded in the quarterly period such items are incurred.

The Company routinely reviews valuation allowances recorded against deferred tax assets on a more likely than not basis in evaluating whether the Company has the ability to realize the deferred tax assets. In making such a determination, the Company takes into consideration all available and appropriate positive and negative evidence, including projected future taxable income, future reversals of existing taxable temporary differences, available tax planning strategies and taxable income in prior carryback years, if available. Considering these factors, a possibility exists that the Company may record or release a portion of a valuation allowance against some deferred tax assets each quarterly period, which could create volatility in the Company’s future effective tax rate.

Reclassifications

Certain 2014 amounts have been reclassified to conform to the 2015 presentation.

Footnote 2 — Acquisitions

Ignite

On September 4, 2014, the Company acquired 100% of Ignite Holdings, LLC (“Ignite”) for $312.9 million, which is net of $7.2 million of cash acquired. The Ignite acquisition was accounted for using the purchase method of accounting. The Company has allocated $16.7 million of the purchase price to identified tangible and monetary net assets and $151.6 million to identified intangible assets. The Company has recorded the excess of the purchase price over the aggregate fair values of identifiable assets of $144.6 million as goodwill. Approximately $105.5 million of the goodwill is expected to be tax deductible. The final purchase price is subject to post-closing adjustments for certain contractual obligations and other matters. Ignite’s results of operations are included in the Company’s Condensed Consolidated Statements of Operations since the acquisition date, including net sales of $33.0 million for the three months ended March, 31, 2015. Pro forma results of operations of the Company would not be materially different as a result of the acquisition and therefore are not presented.

bubba

On October 22, 2014, the Company acquired substantially all of the assets of bubba brands, inc. (“bubba”) for $82.9 million. The bubba acquisition was accounted for using the purchase method of accounting. The Company has allocated $10.6 million of the purchase price to identified tangible and monetary net assets and $41.0 million to identified intangible assets. The Company has recorded the excess of the purchase price over the aggregate fair values of identifiable assets of $31.3 million as goodwill. All of the goodwill is expected to be tax deductible. The final purchase price is subject to post-closing adjustments for certain contractual obligations and other matters. bubba’s results of operations are included in the Company’s Condensed Consolidated Statements of Operations since the acquisition date, including net sales of $15.4 million for the three months ended March 31, 2015. Pro forma results of operations of the Company would not be materially different as a result of the acquisition and therefore are not presented.

Baby Jogger

On December 15, 2014, the Company acquired 100% of Baby Jogger Holdings, Inc. (“Baby Jogger”) for net cash consideration of $208.5 million, which includes $2.0 million of net cash consideration paid during the three months ended March 31, 2015 pursuant to the purchase agreement and in consideration of working capital adjustments and other matters. The Baby Jogger acquisition was accounted for using the purchase method of accounting. Based on the preliminary purchase price allocation, which is subject to change while the Company obtains a final third-party valuation, the Company allocated $13.9 million of the purchase price to identified tangible and monetary net assets, $22.1 million to deferred tax liabilities and $136.0 million to identified intangible assets. Approximately $112.0 million was allocated to an indefinite-lived intangible asset, and approximately $24.0 million was allocated to definite-lived intangible assets with a weighted-average life of 5 years. The indefinite-lived intangible asset represents the acquired Baby Jogger trade name and the acquired City Mini^® and City Select^® sub-brands. The Company recorded the excess of the purchase price over the aggregate fair values of identifiable assets of $80.7 million as goodwill.

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Approximately $27.9 million of the goodwill is expected to be tax deductible. The final purchase price is subject to post-closing adjustments for certain contractual obligations and other matters. Baby Jogger’s results of operations are included in the Company’s Condensed Consolidated Statements of Operations since the acquisition date, including net sales of $18.2 million for the three months ended March 31, 2015. Pro forma results of operations of the Company would not be materially different as a result of the acquisition and therefore are not presented.

The Company incurred $1.7 million of acquisition and integration costs associated with the Ignite, bubba and Baby Jogger acquisitions during the three months ended March 31, 2015, of which $1.5 million is included in cost of products sold and $0.2 million is included in selling, general and administrative expenses in the Company’s Condensed Consolidated Statement of Operations for the three months ended March 31, 2015.

The pro forma net sales for the three months ended March 31, 2014 as if the Ignite, bubba and Baby Jogger acquisitions occurred on January 1, 2014 are $1.27 billion. The pro forma net income and earnings per share for the three months ended March 31, 2014 reflecting the inclusion of the acquisitions, individually and in the aggregate, as if such acquisitions occurred on January 1, 2014 would not be materially different than reported results for the three months ended March 31, 2014 and therefore are not presented.

Footnote 3 — Discontinued Operations

During 2014, the Company’s Endicia^® and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. The Endicia business was included in the Writing segment, and the Culinary electrics and retail businesses were included in the Home Solutions segment. During the three months ended March 31, 2015, the Company announced it entered into an agreement to sell Endicia for an estimated purchase price of $215.0 million, subject to customary working capital adjustments. The transaction is expected to close by the end of 2015, subject to customary conditions, including regulatory approvals. During the three months ended March 31, 2015, the Company ceased operations in its Culinary electrics and retail businesses. The net assets of the Endicia and Culinary electrics and retail businesses at March 31, 2015 were $43.8 million, primarily representing goodwill of Endicia.

The following table provides a summary of amounts included in discontinued operations (in millions):

	Three Months Ended
	March 31,
	2015			2014
Net sales	$	17.3		$	20.0
Loss from discontinued operations before income taxes	$	(4.4	)	$	(0.6	)
Income tax benefit	(1.6		)	(0.2		)
Loss from discontinued operations	(2.8		)	(0.4		)
Net gain from sales of discontinued operations, net of tax (1)	—			1.5
(Loss) income from discontinued operations, net of tax	$	(2.8	)	$	1.1

(1) Includes pretax gains of $2.2 million (related tax expense of $0.7 million) for the three months ended March 31, 2014.

In May 2015, the Company announced its intention to divest the Rubbermaid medical cart business, which is focused on optimizing nurse work flow and medical records processing in hospitals. The Rubbermaid medical cart business does not qualify as discontinued operations pursuant to the guidance in ASU 2014-08, so the Company has and will continue to include the Rubbermaid medical cart business in continuing operations until the business is sold. The Rubbermaid medical cart business generated approximately 1% of the Company’s consolidated net sales for the year ended December 31, 2014.

Footnote 4 — Stockholders’ Equity and Accumulated Other Comprehensive Loss

In August 2011, the Company announced a three-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. As expanded and extended in November 2014, the Company may repurchase a total of up to $1.1 billion of its own stock through the end of 2017 pursuant to the SRP. During the three months ended March 31, 2015, the Company repurchased 1.9 million shares pursuant to the SRP for $73.6 million, and such shares were immediately retired. Since the commencement of the SRP through March 31, 2015, the Company has repurchased and retired 26.3 million shares at an aggregate cost of $693.9 million. As of March 31, 2015, the Company had $362.8 million available under the SRP for future repurchases.

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The following table displays the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2015 and 2014 (in millions):

	Foreign Currency Translation Loss (1)			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging Gain (Loss), Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2014	$	(287.8	)	$	(511.7	)	$	5.1		$	(794.4	)
Other comprehensive (loss) income before reclassifications	(105.5		)	7.2			4.2			(94.1		)
Amounts reclassified to earnings	—			4.0			(3.1		)	0.9
Net current period other comprehensive (loss) income	(105.5		)	11.2			1.1			(93.2		)
Balance at March 31, 2015	$	(393.3	)	$	(500.5	)	$	6.2		$	(887.6	)

(1) Includes foreign exchange losses of $24.2 million arising during the three months ended March 31, 2015 associated with intercompany loans designated as long-term.

	Foreign Currency Translation Loss (2)			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging (Loss) Gain, Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2013	$	(161.5	)	$	(483.3	)	$	(0.4	)	$	(645.2	)
Other comprehensive income (loss) before reclassifications	5.9			(1.0		)	1.8			6.7
Amounts reclassified to earnings	—			3.8			(1.0		)	2.8
Net current period other comprehensive income	5.9			2.8			0.8			9.5
Balance at March 31, 2014	$	(155.6	)	$	(480.5	)	$	0.4		$	(635.7	)

(2) Includes foreign exchange gains of $0.8 million arising during the three months ended March 31, 2014 associated with intercompany loans designated as long-term.

The following table depicts reclassifications out of accumulated other comprehensive loss to earnings for the three months ended March 31, 2015 and 2014 (in millions):

	Amount Reclassified to Earnings as Expense (Benefit) in the Statements of Operations						Affected Line Item in the Condensed Consolidated Statements of Operations
	Three Months Ended March 31,
	2015			2014
Unrecognized pension and other postretirement costs:
Prior service benefit	$	(1.7	)	$	(1.6	)	(1)
Actuarial loss	7.4			7.0			(1)
Total before tax	5.7			5.4
Tax effect	(1.7		)	(1.6		)
Net of tax	$	4.0		$	3.8
Derivatives:
Foreign exchange contracts on inventory-related purchases	$	(4.3	)	$	(1.9	)	Cost of products sold
Forward interest rate swaps	0.2			0.2			Interest expense, net
Total before tax	(4.1		)	(1.7		)
Tax effect	1.0			0.7
Net of tax	$	(3.1	)	$	(1.0	)

(1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement benefit costs, which are recorded in the cost of products sold and selling, general and administrative expenses line-items in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014. See Footnote 9 for further details.

11

Footnote 5 — Restructuring Costs

Project Renewal

On April 29, 2015, the Company committed to a further expansion of Project Renewal (the “April 2015 Expansion”), a program initially launched in October 2011 to reduce the complexity of the organization and increase investment in growth platforms within the business. Under Project Renewal, the Company is simplifying and aligning its businesses around two key activities - Brand & Category Development and Market Execution & Delivery. Pursuant to the program, the Company eliminated its operating groups and consolidated 13 global business units into five business segments. Pursuant to an expansion of Project Renewal in October 2014, the Company is: (i) further streamlining its supply chain function, including reducing overhead and realigning the supply chain management structure; (ii) investing in value analysis and value engineering efforts to reduce product and packaging costs; (iii) reducing operational and manufacturing complexity in its Writing segment; and (iv) further streamlining its distribution and transportation functions.  Under the April 2015 Expansion, the Company plans to implement additional activities designed to further streamline business partnering functions (e.g., Finance/IT, Legal and Human Resources), optimize global selling and trade marketing functions, and rationalize the Company’s real estate portfolio.

In connection with the April 2015 Expansion, the Company expects to incur $150.0 million of additional costs, including cash costs of $135.0 million. The additional costs include pretax restructuring charges in the range of $125.0 million to $135.0 million, a majority of which are expected to be facility exit costs and employee-related cash costs, including severance, retirement and other termination benefits.

Cumulative costs of the expanded Project Renewal are now expected to be $690.0 million to $725.0 million pretax, with cash costs of $645.0 million to $675.0 million. Approximately 65% to 75% of the total costs are expected to be restructuring costs, a majority of which are expected to be employee-related cash costs, including severance, retirement and other termination benefits and costs. Project Renewal is expected to be complete by the end of 2017.

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

	Three Months Ended March 31,				Since Inception Through
	2015		2014		March 31, 2015
Facility and other exit costs, including impairments	$	0.3	$	1.2	$	21.2
Employee severance, termination benefits and relocation costs	18.9		10.9		185.0
Exited contractual commitments and other	8.1		1.4		57.1
	$	27.3	$	13.5	$	263.3

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management and are periodically updated for changes. Restructuring amounts also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2015 (in millions):

	December 31, 2014							March 31, 2015
	Balance		Provision		Costs Incurred			Balance
Facility and other exit costs, including impairments	$	—	$	0.3	$	(0.3	)	$	—
Employee severance, termination benefits and relocation costs	22.8		18.9		(5.5		)	36.2
Exited contractual commitments and other	17.5		8.1		(10.6		)	15.0
	$	40.3	$	27.3	$	(16.4	)	$	51.2

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The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2015 aggregated by reportable business segment (in millions):

	December 31, 2014							March 31, 2015
Segment	Balance		Provision		Costs Incurred			Balance
Writing	$	9.7	$	2.8	$	(0.7	)	$	11.8
Home Solutions	1.0		4.8		(0.8		)	5.0
Tools	0.5		—		—			0.5
Commercial Products	5.1		0.5		(0.2		)	5.4
Baby & Parenting	2.2		—		—			2.2
Corporate	21.8		19.2		(14.7		)	26.3
	$	40.3	$	27.3	$	(16.4	)	$	51.2

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

	Three Months Ended
	March 31,
Segment	2015		2014
Writing	$	2.8	$	0.9
Home Solutions	4.8		0.4
Tools	—		0.9
Commercial Products	0.5		3.1
Baby & Parenting	—		0.3
Corporate(1)	19.2		6.4
	$	27.3	$	12.0

(1) Includes adjustments of $1.5 million for the three months ended March 31, 2014, relating to previous restructuring projects that had the impact of decreasing restructuring costs.

Cash paid for all restructuring activities was $14.7 million and $30.8 million for the three months ended March 31, 2015 and 2014, respectively.

Footnote 6 — Inventories, Net

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

	March 31, 2015		December 31, 2014
Materials and supplies	$	143.4	$	117.9
Work in process	124.7		104.5
Finished products	584.2		486.1
	$	852.3	$	708.5

Footnote 7 — Debt

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

	March 31, 2015			December 31, 2014
Medium-term notes	$	2,099.3		$	2,089.5
Commercial paper	477.1			28.0
Receivables facility	250.0			350.0
Other debt	8.1			14.4
Total debt	2,834.5			2,481.9
Short-term debt	(733.9		)	(390.7		)
Current portion of long-term debt	(6.5		)	(6.7		)
Long-term debt	$	2,094.1		$	2,084.5

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Interest Rate Swaps

As of March 31, 2015, the Company was party to fixed-for-floating interest rate swaps designated as fair value hedges. The interest rate swaps relate to an aggregate $596.0 million principal amount of the medium-term notes and result in the Company effectively paying a floating rate of interest on the medium-term notes hedged by the interest rate swaps.

The medium-term note balances at March 31, 2015 and December 31, 2014 include mark-to-market adjustments of $0.6 million and $11.8 million, respectively, to record the fair value of the hedges of the fixed-rate debt, and the mark-to-market adjustments had the effect of decreasing the reported values of the medium-term notes. Compared to the stated rates of the underlying medium-term notes, interest rate swaps, including amortization of settled interest rate swaps, had the effect of reducing interest expense by $3.4 million and $3.6 million during the three months ended March 31,2015 and 2014, respectively.

Receivables-Related Borrowings

In September 2013, the Company amended its receivables facility to increase available borrowings to up to $350.0 million and extend the expiration date to September 2015 (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 a certain interest coverage ratio, and the Company was in compliance with such requirements under the Receivables Facility as of March 31, 2015. The financing subsidiary owned $685.6 million of outstanding accounts receivable as of March 31, 2015, and these amounts are included in accounts receivable, net in the Company’s Condensed Consolidated Balance Sheet at March 31, 2015. The Company had $250.0 million of outstanding borrowings under the Receivables Facility as of March 31, 2015.

Revolving Credit Facility and Commercial Paper

On December 2, 2011, the Company entered into a credit agreement (the “Credit Agreement”) with a syndicate of banks. As extended, the Credit Agreement provides for an unsecured syndicated revolving credit facility with a maturity date of December 2019, and an aggregate commitment at any time outstanding of up to $800.0 million (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. The Credit Agreement contains customary representations and warranties, covenants and events of default. As of March 31, 2015, there were no borrowings outstanding or standby letters of credit issued under the Facility, and the Company was in compliance with the covenants under the Credit Agreement.

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.

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 March 31, 2015 and December 31, 2014, the Company had outstanding commercial paper obligations of $477.1 million and $28.0 million, respectively.

Footnote 8 — 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 primarily uses derivatives to manage its interest rate exposure, to achieve a desired proportion of variable and fixed-rate debt, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and to manage changes in fair value resulting from changes in foreign currency exchange rates.

The Company enters into interest rate swaps related to existing 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. These derivatives are designated as cash flow hedges.

14

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 three years 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 assets and liabilities, such as forward contracts and other instruments that hedge cash flows associated with intercompany financing activities. Hedging instruments are not available for certain currencies in countries in which the Company has operations. In these cases, the Company uses alternative means in an effort to achieve an economic offset to the local currency exposure such as invoicing and/or paying intercompany and third party transactions in U.S. Dollars.

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. 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 months ended March 31,2015 and 2014.

The following table summarizes the Company’s outstanding derivative instruments and their effects on the Condensed Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	March 31, 2015		December 31, 2014		Balance Sheet Location	March 31, 2015		December 31, 2014
Interest rate swaps	Other assets	$	4.6	$	—	Other noncurrent liabilities	$	5.2	$	11.8
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other and other assets	11.6		7.7		Other accrued liabilities	2.8		0.4
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	0.6		—		Other accrued liabilities	—		—
Total assets		$	16.8	$	7.7	Total liabilities	$	8.0	$	12.2

The fair values of outstanding derivatives that are not designated as hedges for accounting purposes were not material as of March 31, 2015 and December 31, 2014.

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
		March 31,
		2015			2014
Interest rate swaps	Interest expense, net	$	11.2		$	5.3
Fixed-rate debt	Interest expense, net	$	(11.2	)	$	(5.3	)

The Company did not realize any ineffectiveness related to fair value hedges during the three months ended March 31,2015 and 2014.

15

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 accumulated other comprehensive income (loss) (“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
		March 31,
		2015			2014
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	4.3		$	1.9
Forward interest rate swaps	Interest expense, net	(0.2		)	(0.2		)
		$	4.1		$	1.7

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	Three Months Ended
	March 31,
	2015		2014
Foreign exchange contracts on inventory-related purchases	$	5.8	$	2.7
Foreign exchange contracts on intercompany borrowings	2.6		—
	$	8.4	$	2.7

The Company did not realize any ineffectiveness related to cash flow hedges during the three months ended March 31,2015 and 2014. As of March 31, 2015, the Company expects to reclassify net pretax gains of $8.1 million from AOCI into earnings during the next 12 months.

Footnote 9 — 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 March 31, (in millions):

	U.S.						International
	2015			2014			2015			2014
Service cost-benefits earned during the period	$	0.8		$	1.0		$	1.5		$	1.5
Interest cost on projected benefit obligation	10.3			11.3			5.0			6.4
Expected return on plan assets	(14.4		)	(14.4		)	(5.7		)	(6.7		)
Amortization of prior service cost, actuarial loss and other	6.8			6.1			0.9			0.8
Net periodic pension cost	$	3.5		$	4.0		$	1.7		$	2.0

The following table presents the components of the Company’s other postretirement benefit costs for the three months ended March 31, (in millions):

	Three Months Ended
	March 31,
	2015			2014
Service cost-benefits earned during the period	$	0.1		$	0.3
Interest cost on projected benefit obligation	0.8			1.2
Amortization of prior service benefit and actuarial gains	(1.9		)	(1.6		)
Net other postretirement benefit cost (benefit)	$	(1.0	)	$	(0.1	)

The Company made cash contributions to the Company-sponsored profit sharing plan of $16.4 million and $16.1 million during the three months ended March 31, 2015 and 2014, respectively. The Company made a voluntary cash contribution of $70.0 million to its U.S. defined benefit plan in January 2015.

16

Footnote 10 — Income Taxes

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 months ended March 31, 2015 is impacted by the geographical mix of earnings and the strengthening of the U.S. Dollar against foreign currencies offset by increased tax benefit from the generation of foreign tax credits. The Company’s effective tax rate for the three months ended March 31, 2014 included tax benefits related to the resolution of certain tax contingencies of $8.0 million and tax benefits of $13.9 million related to the $38.7 million pretax charge for the change in exchange rates used to remeasure the Company’s Venezuelan net monetary assets.

Footnote 11 — Earnings per Share

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

	Three Months Ended March 31,
	2015			2014
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	56.9		$	51.8
(Loss) income from discontinued operations	(2.8		)	1.1
Net income	$	54.1		$	52.9
Dividends and equivalents for share-based awards expected to be forfeited	—			—
Net income for basic and diluted earnings per share	$	54.1		$	52.9
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	268.9			278.8
Share-based payment awards classified as participating securities	1.6			2.1
Denominator for basic earnings per share	270.5			280.9
Dilutive securities (1)	2.2			2.9
Denominator for diluted earnings per share	272.7			283.8
Basic earnings per share:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19
Diluted earnings per share:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19

(1) 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 0.1 million stock options for the three months ended March 31,2014, because such options were anti-dilutive. The weighted-average shares outstanding for the three months ended March 31,2015 and 2014 each exclude the weighted average effect of 0.6 million performance stock units outstanding because the securities were anti-dilutive.

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Footnote 12 — Stock-Based Compensation

The Company measures compensation cost for all stock awards at fair value on the date of grant and recognizes compensation cost, net of estimated forfeitures, over the requisite service period for awards expected to vest. The Company recognized $6.8 million and $7.0 million of pretax stock-based compensation expense during the three months ended March 31,2015 and 2014, respectively.

The following table summarizes the changes in the number of shares of common stock underlying outstanding stock options for the three months ended March 31, 2015 (in millions, except weighted-average exercise prices):

	Shares		Weighted-Average Exercise Price		Exercisable at Period End	Aggregate     Intrinsic     Value     Exercisable
Outstanding at December 31, 2014	2.6		$	19	2.6	$	49.1
Exercised	(0.5	)	24
Forfeited / expired	—		22
Outstanding at March 31, 2015	2.1		$	18	2.1	$	43.2

The following table summarizes the changes in the number of outstanding restricted stock units for the three months ended March 31, 2015 (shares in millions):

	Restricted Stock Units		Weighted-     Average Grant      Date Fair Value
Outstanding at December 31, 2014	3.7		$	26
Granted	0.9		40
Vested	(1.1	)	20
Forfeited	(0.2	)	28
Outstanding at March 31, 2015	3.3		$	31

During the three months ended March 31, 2015, the Company awarded 0.6 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 performance or 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 date depending on the level of achievement of the specified performance, market and service conditions. As of March 31, 2015, 1.8 million PSUs were outstanding, and based on performance through March 31, 2015, recipients of PSUs would be entitled to approximately 2.2 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.

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Footnote 13 — 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):

Fair Value as of March 31, 2015	Total		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)	$	14.9	$	4.6	$	10.3	$	—
Interest rate swaps	4.6		—		4.6		—
Foreign currency derivatives	12.2		—		12.2		—
Total	$	31.7	$	4.6	$	27.1	$	—
Liabilities
Interest rate swaps	$	5.2	$	—	$	5.2	$	—
Foreign currency derivatives	2.8		—		2.8		—
Total	$	8.0	$	—	$	8.0	$	—
Fair Value as of December 31, 2014
Assets
Investment securities, including mutual funds (1)	$	21.5	$	4.6	$	16.9	$	—
Foreign currency derivatives	7.7		—		7.7		—
Total	$	29.2	$	4.6	$	24.6	$	—
Liabilities
Interest rate swaps	$	11.8	$	—	$	11.8	$	—
Foreign currency derivatives	0.4		—		0.4		—
Total	$	12.2	$	—	$	12.2	$	—

(1) The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($3.1 million and $8.4 million as of March 31, 2015 and December 31, 2014, respectively) and other assets ($11.8 million and $13.1 million as of March 31, 2015 and December 31, 2014, respectively).

For publicly-traded mutual funds, fair value is determined on the basis of quoted market prices and, accordingly, such 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. The Company determines the fair value of its derivative instruments using standard pricing models and market-based assumptions for all significant inputs, such as yield curves and quoted spot and forward exchange rates. Accordingly, the Company’s derivative instruments are classified as Level 2.

Nonrecurring 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 March 31, 2015, impairments associated with plans to dispose of certain property, plant and equipment were not material. In the absence of a definitive sales price for these and similar types of assets, the Company generally uses projected cash flows, discounted as necessary, or market multiples 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. Key inputs into the market multiple approach include identifying companies comparable to the Company’s business and estimated control premiums. Accordingly, these fair value measurements fall in Level 3 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. During the three months ended March 31, 2015, no material nonrecurring fair value measurements were required for testing goodwill and other indefinite-lived intangible assets for impairment.

19

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, accounts payable and short-term debt 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 8.

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

	March 31, 2015				December 31, 2014
	Fair Value		Book Value		Fair Value		Book Value
Medium-term notes	$	2,205.1	$	2,099.3	$	2,154.4	$	2,089.5

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

Footnote 14 — 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; labeling solutions
Home Solutions	Rubbermaid®, Contigo®,bubba®, Calphalon®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; durable beverage containers; gourmet cookware, bakeware and cutlery; window treatments; hair care accessories
Tools	Irwin®, Lenox®, hilmor™, Dymo® Industrial	Hand tools and power tool accessories; industrial bandsaw blades; tools for HVAC systems; label makers and printers 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®, Baby Jogger®, Aprica®, Teutonia®	Infant and juvenile products such as car seats, strollers, highchairs and playards

During 2014, the Company’s Endicia^®and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. Accordingly, the results of operations of these businesses have been classified as discontinued operations for all periods presented. The Endicia business was included in the Writing segment, and the Culinary businesses were included in the Home Solutions segment. As a result of these changes, the segment information in this footnote and Footnote 5 pertaining to restructuring have been presented to reflect the impacts of classifying the Endicia and Culinary electrics and retail businesses as discontinued operations.

20

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

	Three Months Ended
	March 31,
	2015			2014
Net Sales (1)
Writing	$	341.8		$	348.2
Home Solutions	364.5			316.4
Tools	180.4			187.8
Commercial Products	185.2			182.6
Baby & Parenting	192.1			179.3
	$	1,264.0		$	1,214.3
Operating Income (Loss) (2)
Writing	$	82.4		$	76.1
Home Solutions	38.5			26.8
Tools	22.2			21.4
Commercial Products	17.0			13.8
Baby & Parenting	0.5			5.4
Restructuring costs	(27.3		)	(12.0		)
Corporate	(35.1		)	(26.8		)
	$	98.2		$	104.7

	March 31, 2015		December 31, 2014
Identifiable Assets
Writing	$	959.4	$	981.9
Home Solutions	806.3		806.4
Tools	592.0		605.0
Commercial Products	362.6		375.1
Baby & Parenting	469.8		481.0
Corporate (3)	3,414.5		3,431.7
	$	6,604.6	$	6,681.1

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Geographic Area Information

	Three Months Ended
	March 31,
(in millions)	2015		2014
Net Sales (1), (4)
United States	$	917.2	$	813.5
Canada	46.2		53.1
Total North America	963.4		866.6
Europe, Middle East and Africa	127.6		163.9
Latin America	89.4		92.0
Asia Pacific	83.6		91.8
Total International	300.6		347.7
	$	1,264.0	$	1,214.3
Operating Income (Loss) (2), (5)
United States	$	76.5	$	65.7
Canada	5.3		10.4
Total North America	81.8		76.1
Europe, Middle East and Africa	8.6		14.8
Latin America	4.7		10.8
Asia Pacific	3.1		3.0
Total International	16.4		28.6
	$	98.2	$	104.7

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 9.6% and 10.1% of consolidated net sales in the three months ended March 31, 2015 and 2014, 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
	March 31,
	2015		2014
Restructuring Costs
United States	$	10.4	$	7.9
Canada	3.0		0.1
Total North America	13.4		8.0
Europe, Middle East and Africa	11.7		2.8
Latin America	0.6		0.1
Asia Pacific	1.6		1.1
Total International	13.9		4.0
	$	27.3	$	12.0

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Footnote 15 — Other Accrued Liabilities

Other accrued liabilities included the following (in millions):

	March 31, 2015		December 31, 2014
Customer accruals	$	225.8	$	316.0
Accruals for manufacturing, marketing and freight expenses	80.3		86.1
Accrued self-insurance liabilities	54.0		55.8
Accrued pension, defined contribution and other postretirement benefits	24.5		36.6
Accrued contingencies, primarily legal, environmental and warranty	34.2		27.8
Accrued restructuring (See Footnote 5)	60.9		46.1
Other	108.7		90.9
Other accrued liabilities	$	588.4	$	659.3

Customer accruals are promotional allowances and rebates, including cooperative advertising, given to customers in exchange for their selling efforts and volume purchased as well as allowances for returns. Payments for annual rebates and other customer programs are generally made in the first quarter of the year. 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.

Footnote 16 — 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.

The Company, using current product sales data and historical trends, actuarially calculates the estimate of its exposure for product liability. The Company had product liability reserves of $32.9 million and $33.6 million as of March 31, 2015 and December 31, 2014, 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.

Recall of Harness Buckles on Select Car Seats

In February 2014, Graco, a subsidiary of the Company, announced a voluntary recall in the U.S. of harness buckles used on approximately 4 million toddler car seats manufactured between 2006 and 2013. As a result of the recall, substantially all affected car seats which were at retail locations or in customer warehouses have been reworked in the field or returned to the Company for rework. In July 2014, Graco announced that it had agreed to expand the recall to include certain infant car seats manufactured between July 2010 and May 2013. There have been no reported injuries associated with the recalled harness buckles used on these toddler or infant car seats. In December 2014, the National Highway Traffic Safety Administration (“NHTSA”) announced that it opened an investigation into the timeliness of the recall, and in March 2015, the investigation concluded with Graco entering into a consent order with NHTSA pursuant to which Graco committed to spend $7.0 million in total over a five-year period to enhance child passenger safety and make a $3.0 million payment to NHTSA in the second quarter of 2015. The Company recorded the $10.0 million of costs associated with the consent order in the three months ended March 31, 2015.

Environmental Matters

The Company is 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.

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The Company’s estimate of environmental response costs associated with these matters as of March 31, 2015 ranged between $22.3 million and $27.6 million. As of March 31, 2015, the Company had a reserve of $23.8 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 reserves, 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 $17.0 million by applying a 5% discount rate to undiscounted obligations of $24.0 million.

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 its subsidiaries, Goody Products, Inc. and Berol Corporation (the “Company Parties”), have taken over the performance of the remedial investigation (“RI”) and feasibility study (“FS”) for the Lower Passaic River. On April 11, 2014, while work on the RI/FS remained underway, U.S. EPA issued a Source Control Early Action Focused Feasibility Study (“FFS”), which proposes four alternatives for remediation of the lower 8 miles of the Lower Passaic River. U.S. EPA’s cost estimates for its cleanup alternatives range from $315 million to approximately $3.2 billion in capital costs plus from $0.5 million to $1.8 million in annual maintenance costs for 30 years, with its preferred alternative carrying an estimated cost of approximately $1.7 billion plus an additional $1.6 million in annual maintenance costs for 30 years. The public comment period concluded August 2014, and the U.S. EPA is expected to issue its final Record of Decision in 2015. In February 2015, the participating parties submitted to the U.S. EPA a draft RI, followed by submission of a draft FS in April 2015. The draft FS sets forth various alternatives for remediating the lower 17 miles of the Passaic River, ranging from a “no action” alternative, to targeted remediation of locations along the entire lower 17 mile stretch of the river, to remedial actions consistent with the U.S. EPA’s preferred alternative as set forth in the FFS for the lower 8 miles coupled with monitored natural recovery and targeted remediation in the upper 9 miles. The estimated cost estimates for these alternatives range from approximately $28 million to $2.7 billion, including related operation maintenance and monitoring costs. U.S. EPA has indicated that it will seek to have the parties fund the cleanup, but at this time, it is unclear how the cost of any cleanup would be allocated among any of the parties, including the Company Parties, or any other entities. The site is also subject to a Natural Resource Damage Assessment.

Given the uncertainties pertaining to this matter, including that U.S. EPA is still reviewing the draft RI and FS, that the ultimate remediation has not yet been determined, that the parties have not agreed upon a final allocation for the investigation and any ultimate remediation, and that there exists the potential for further litigation regarding costs and cost sharing, the extent to which the Company Parties may be held liable or responsible is not yet known. Accordingly, it is not possible at this time 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, including, among other factors, because the Company Parties’ facilities are not even 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, 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 consolidated financial statements, except as otherwise described above.

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 get more out of life every day, where they live, learn, work and play. The Company’s products are marketed under a strong portfolio of leading brands, including Sharpie^®,Paper Mate^®, Parker^®, Waterman^®, Dymo^®, Rubbermaid^®, Contigo^®, Levolor^®, Goody^®, Calphalon^®, Irwin^®, Lenox^®, Rubbermaid Commercial Products^®, Graco^®, Aprica^® and Baby Jogger^®.

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Business Strategy

The Company is executing its Growth Game Plan, which is its strategy to simplify the organization and free up resources to invest in growth initiatives and strengthened capabilities in support of the Company’s brands. The Company considers the changes being implemented in the execution of the Growth Game Plan to be key enablers to building a bigger, faster-growing, more global and more profitable company.

The Growth Game Plan encompasses the following aspects:

Business Model

• A growing 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 Our 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.

The Company’s transformation efforts in driving the Growth Game Plan into action began in late 2011 and are being implemented over a multi-year period in three phases, which are outlined below.

• Delivery Phase — Execution during this phase includes implementing structural changes in the organization while ensuring consistent execution and delivery.

• Strategic Phase — Continued consistent execution and delivery while simultaneously shaping the future through increased brand investment and bringing capabilities to speed in order to propel the Growth Game Plan into action.

• Acceleration Phase — Expanded investments behind Win Bigger businesses to drive increased sales and margin expansion which creates additional resources for further brand investment, while also remaining focused on consistent execution and delivery.

During 2015, the Company has executed and plans on continuing to execute against the Strategic Phase of the Growth Game Plan, investing in core activity systems critical to the Company’s success, unlocking trapped capacity for growth through Project Renewal, investing in new capabilities and the Company’s brands for accelerated growth, and beginning to leverage an operating company structure to release the full potential of the business.

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The Company will continue implementing changes to drive the Growth Game Plan strategy into action. These changes are the foundation of Project Renewal and are organized into the following five workstreams:

• Organizational Simplification: The Company has de-layered its top structure and further consolidated its businesses from nine global business units (“GBUs”) to five business segments.

• EMEA Simplification: The Company is focusing its resources on fewer products and countries, while simplifying go-to-market, delivery and back office support structures.

• Best Cost Finance: The Company is delivering a simplified approach to decision support, transaction processing and information management by leveraging SAP and the streamlined business segments to align resources with the Growth Game Plan.

• Best Cost Back Office: The Company is driving “One Newell Rubbermaid” efficiencies in customer and consumer services and sourcing functions.

• Supply Chain Footprint: The Company is further optimizing manufacturing and distribution facilities across its global supply chain.

On April 29, 2015, the Company committed to a further expansion of Project Renewal. The expansion is expected to generate annualized incremental cost savings of approximately $150.0 million when fully implemented by the end of 2017. Under the expansion, the Company plans to implement additional activities designed to further streamline business partnering functions (e.g., Finance/IT, Legal and Human Resources), optimize global selling and trade marketing functions and rationalize the Company’s real estate portfolio. A large portion of the incremental savings are intended to be reinvested in the business to strengthen brand building and selling capabilities in priority markets around the world. In connection with the expansion, the Company expects to incur $150.0 million of additional costs. As a result, the cumulative costs of Project Renewal are expected to be $690 to $725 million, of which $645 to $675 million are expected to be cash costs. Project Renewal is expected to generate annualized cost savings of approximately $620 to $675 million by the end of 2017.

In implementing its strategy and its change agenda, 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 is driving the Growth Game Plan into action and simplifying its structure through the execution of Project Renewal, making sharper portfolio choices and investing in new marketing and innovation to accelerate performance. In the Growth Game Plan operating model, the Company has two core activity systems, Development and Delivery, supported by three business partnering functions, Human Resources, Finance/IT and Legal, and four winning capabilities in Design, Marketing & Insight, Supply Chain and Customer Development, all in service to drive accelerated performance in the Company’s five segments. The Company’s five business segments and the key brands included in each segment 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; labeling solutions
Home Solutions	Rubbermaid®, Contigo®, bubba®, Calphalon®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; durable beverage containers; gourmet cookware, bakeware and cutlery; window treatments; hair care accessories
Tools	Irwin®, Lenox®, hilmor™, Dymo® Industrial	Hand tools and power tool accessories; industrial bandsaw blades; tools for HVAC systems; label makers and printers 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®, Baby Jobber®, Aprica®, Teutonia®	Infant and juvenile products such as car seats, strollers, highchairs and playards

Between September 2014 and December 31, 2014, the Company completed the acquisitions of Ignite Holdings, LLC (“Ignite”) and Baby Jogger Holdings, Inc. (“Baby Jogger”) and acquired substantially all of the assets of bubba brands, inc. (“bubba”). Ignite and bubba are included in the Company’s Home Solutions segment, and Baby Jogger is included in the Company’s Baby & Parenting segment. The results of operations of these acquired businesses are included in the Company’s results of operations beginning on their respective acquisition dates.

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During the three months ended September 30, 2014, the Company determined that its Endicia^® and Culinary electrics and retail businesses did not align with the Company’s long-term growth plans and initiated plans to sell these businesses. Accordingly, the Company’s Endicia and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell these businesses, and the results of operations of these businesses have been classified as discontinued operations for all periods presented. The Endicia business was included in the Writing segment, and the Culinary businesses were included in the Home Solutions segment. During the three months ended March 31, 2015, the Company announced it entered into an agreement to sell Endicia for an estimated purchase price of $215.0 million, subject to customary working capital adjustments. The transaction is expected to close by the end of 2015, subject to customary conditions, including regulatory approvals. During the three months ended March 31, 2015, the Company ceased operations in its Culinary electrics and retail businesses.

In May 2015, the Company announced its intention to divest the Rubbermaid medical cart business, which focuses on optimizing nurse work flow and medical records processing in hospitals. The Company determined the Rubbermaid medical cart business did not qualify as discontinued operations pursuant to the criteria in Accounting Standards Update No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” As a result, the Company has and will continue to include the Rubbermaid medical cart business in its consolidated results for continuing operations until the business is sold. The Rubbermaid medical cart business generated approximately 1% of the Company’s consolidated net sales for the year ended December 31, 2014.

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 following is a summary of the Company’s progress in driving the Growth Game Plan into action during the first three months of 2015:

• Core sales, which excludes the impact of changes in foreign currency, acquisitions and the planned divestiture of the Rubbermaid medical cart business, increased 4.7%, excluding a 550 basis point adverse impact from foreign currency, a contribution of 550 basis points from acquisitions and a 60 basis point decline associated with the planned divestiture of the Rubbermaid medical cart business. Latin America led with strong core sales growth of 25.5%, and North America generated core sales growth of 5.0%. Asia Pacific realized a slight decline in core sales, and EMEA experienced a core sales decline of 5.2%.

Core sales is determined by applying a fixed exchange rate, calculated as the 12-month average in 2014, to the current and prior year local currency sales amounts, with the difference, after removing the impact of acquisitions and planned divestitures, equal to changes in core sales, and the difference between the changes in reported sales, excluding the effects of acquisitions and planned divestitures, and the changes in core sales being attributable to currency.

• Core sales increased 7.4% in the Company’s Win Bigger businesses, which include the Writing, Tools and Commercial Products segments. The Home Solutions and Baby & Parenting segments generated low-single digit core sales growth of 0.9% and 0.8%, respectively.

• Gross margin was 38.6%, up 100 basis points compared to the prior year. The improvement was driven by productivity, lower input costs, pricing, the adverse impact of the Graco product recall on the prior year’s results and favorable segment mix, which more than offset unfavorable foreign currency and the negative mix impact from the gross margin structure of the recent acquisitions. The adverse impact of the cost of products sold associated with the Graco product recall in the prior year’s results contributed 70 basis points of the 100 basis point improvement.

• Selling, general and administrative expenses (“SG&A”) increased $21.7 million to $362.0 million, due primarily to increased advertising in support of the Company’s brands and innovation. The Company’s advertising strategy is to invest behind innovation, including new product launches, and in building brands, with a primary focus on advertising in North America and Latin America. During the first three months of 2015, the Company increased investments in advertising by $5.3 million, representing an incremental 40 basis points as a percentage of net sales. The Company’s investments in brand-building and consumer demand creation and commercialization activities during the first three months of 2015 included the following:

• continued advertising campaigns supporting the new line of Sharpie highlighters called Sharpie Clear View which have a unique, see-through tip for more precise highlighting;

• continued investment in InkJoy^® advertising in the U.S., Latin America and Asia Pacific markets;

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• advertising in North America, China and Brazil for Brute^®, Slim Jim Step-On, HYGEN^TM disposable microfiber, WaveBrake mop buckets and Maximizer mops in the Commercial Products segment; and

• advertising for the Graco Nautilus^TM Plus 3-in-1 car seat.

The Company plans to continue increasing advertising in support of its brands and innovation to drive growth.

• 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 by taking significant steps in implementing activities centered around Project Renewal’s five workstreams, resulting in $27.3 million of restructuring costs in the first three months of 2015.

• Reported $22.0 million of income tax expense in 2015 compared to a $1.5 million income tax benefit in 2014, primarily due to the geographical mix of earnings and the strengthening of the U.S. Dollar against foreign currencies offset by increased tax benefit from the generation of foreign tax credits. In 2014, the Company recognized lower income tax expense due to the tax rate on the $38.7 million foreign exchange loss associated with the Venezuelan Bolivar being higher than the Company’s overall effective tax rate. In addition, the Company recognized discrete income tax benefits of $8.0 million in 2014 related to the resolution of certain tax contingencies.

• Repurchased 1.9 million shares of the Company’s common stock pursuant to its share repurchase plan (the “SRP”) for $73.6 million.

• Initiated plans to sell the Rubbermaid medical cart business. The results of operations of the Rubbermaid medical cart business are included in continuing operations for all periods presented.

Projects and Initiatives

Project Renewal

On April 29, 2015, the Company committed to a further expansion of Project Renewal (the “April 2015 Expansion”), a program initially launched in October 2011 to reduce the complexity of the organization and increase investment in growth platforms within the business. Under Project Renewal, the Company is simplifying and aligning its businesses around two key activities - Brand & Category Development and Market Execution & Delivery. Under the April 2015 Expansion, the Company plans to implement additional activities designed to further streamline business partnering functions (e.g., Finance/IT, Legal and Human Resources), optimize global selling and trade marketing functions and rationalize the Company’s real estate portfolio.

The April 2015 Expansion is expected to generate annualized incremental overhead ost savings of approximately $150 million when fully implemented by the end of 2017. A large portion of these savings are intended to be reinvested in the business to strengthen brand building and selling capabilities in priority markets around the world. In connection with the April 2015 Expansion, the Company expects to incur $150 million of additional costs, including cash costs of approximately $135 million. The additional costs include pretax restructuring charges in the range of $125 million to $135 million, a majority of which are expected to be facility exit costs and employee-related cash costs, including severance, retirement and other termination benefits.

Cumulative costs of the expanded Project Renewal are now expected to be $690 to $725 million pretax, with cash costs of $645 to $675 million. Project Renewal in total is expected to generate annualized cost savings of approximately $620 to $675 million by the end of 2017, with savings of $270 to $325 million by the end of the first half of 2015.

Through March 31, 2015, the Company incurred $263.3 million and $83.4 million of restructuring and other project-related costs, respectively, the majority of which were employee-related cash costs, including severance, retirement and other termination benefits and costs. Other project-related costs represent organizational change implementation costs, including advisory and consultancy costs, compensation and related costs of personnel dedicated to transformation projects, and other costs associated with the implementation of Project Renewal.

The following table summarizes the estimated total costs and annualized savings relating to Project Renewal, as well as the actual results through March 31, 2015 (amounts in millions):

	Total Project	Through March 31, 2015	Remaining through December 31, 2017
Cost	$690 - $725	$347	$343 - $378
Savings	$620 - $675	$286	$334 - $389

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In the first three months of 2015, the Company has continued to execute existing projects as well as initiate new activities relating to Project Renewal as follows:

• The ongoing implementation of the EMEA Simplification workstream, which includes projects focused on profitable growth in the region, including the closure, consolidation and/or relocation of certain manufacturing facilities, distribution centers, customer support and sales and administrative offices. In the first quarter of 2015, the Company initiated one project focused on aligning the sales and marketing capabilities in the region and another project in the Best Cost Finance workstream.

• Ongoing evaluations of the Company’s overhead structure, supply chain organization and processes, and pricing structure to optimize and transform processes, simplify the organization and reduce costs.

• The continued execution of projects to streamline the three business partnering functions, Human Resources, Finance/IT and Legal, and to align these functions with the new operating structure, including the ongoing execution of a project to reduce the Company’s IT footprint.

• The ongoing reconfiguration and consolidation of the Company’s manufacturing footprint and distribution centers to reduce overhead, improve operational efficiencies and better utilize existing assets, including the initiation of a project to reduce the Home Solutions segment’s manufacturing footprint in North America.

• The creation of a Transformation Office to lead and manage the various workstreams that are integral to the expanded Project Renewal initiatives, including investing in value analysis and value engineering efforts to reduce product and packaging costs and reducing operational and manufacturing complexity in the Writing segment.

One Newell Rubbermaid

The Company strives to leverage common business activities and best practices to build functional capabilities 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. In addition, the Company has expanded its focus on leveraging common business activities and best practices by reorganizing the business around two of the critical elements of the Growth Game Plan - Brand & Category Development and Market Execution & Delivery, enhancing its Customer Development and Global Supply Chain organizations, and consolidating activities into centers of excellence for design and innovation capabilities and marketing capabilities.

The Company is also migrating multiple legacy systems and users to a common SAP global information 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. Substantially all of the North American, Latin American and European operations are live on SAP, and the Company has initiated plans to implement SAP in its Asia Pacific operations.

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 (“Bolivars”) into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments are included in earnings. The Company’s Venezuelan operations are primarily included in the Company’s Writing segment. The Company generally imports raw materials into Venezuela and manufactures writing instruments locally. The Company’s Venezuelan operations also import components and finished goods. Generally, purchases of imported products are denominated in U.S. Dollars. The Company has historically used various means, including price increases and productivity initiatives, to offset increased costs due to the impacts of high inflation and currency devaluations. During the three months ended March 31, 2015 and the years ended December 31, 2014 and 2013, the Company’s Venezuelan operations generated less than 2% of consolidated net sales. In 2014, the Company’s Venezuelan operations generated approximately 5% of the Company’s reported annual operating income, and the Company estimates its Venezuelan operations will generate approximately 4% of reported operating income for the year ending December 31, 2015.

Beginning in July 2013, the Venezuelan government authorized certain companies that operate in designated industry sectors to exchange a limited volume of Bolivars for U.S. Dollars at a bid rate established via weekly auctions under a system referred to as “SICAD I.” During the first quarter of 2014, the government expanded the types of transactions that may be subject to the weekly SICAD I auction rate while retaining the official rate of 6.3 Bolivars per U.S. Dollar and introduced another currency exchange mechanism (“SICAD II”). The official exchange rate for settling certain transactions through the National Center of

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Foreign Trade (“CENCOEX”), including imports of essential goods, remains at 6.3 Bolivars per U.S. Dollar. In March 2014, the Company analyzed the multiple rates available and the Company’s estimates of the applicable rate at which future transactions could be settled and dividends could be paid. Based on this analysis, the Company determined as of March 31, 2014 that the SICAD I rate was the most appropriate rate to use prospectively for remeasurement rather than the CENCOEX rate, which the Company used up to March 31, 2014. As a result, the Company recorded net foreign exchange losses of $45.6 million in 2014, including $38.7 million of foreign exchange losses during the three months ended March 31, 2014, based on the adoption of and ongoing changes in the SICAD I exchange rate applicable for remeasuring the net monetary assets of the Company’s Venezuelan operations that are denominated in Bolivars. As of December 31, 2014, the SICAD I auction rate was 12.0 Bolivars per U.S. Dollar, and the SICAD II rate was 50.0 Bolivars per U.S. Dollar.

In February 2015, the Venezuelan government announced changes in its foreign currency exchange system. The official rate of 6.3 Bolivars per U.S. Dollar is expected to continue to be made available for purchases of essential goods. The SICAD I exchange mechanism became known as SICAD. There were no known SICAD auctions conducted during the three months ended March 31, 2015, and the Company last participated in a SICAD auction in the fourth quarter of 2014. The SICAD II market has been eliminated, and a new alternative currency market, the Foreign Exchange Marginal System (“SIMADI”) has been created. The SIMADI market is intended to have a floating exchange rate determined by market participants. SIMADI became operational with an initial exchange rate of approximately 170 Bolivars per U.S. Dollar. The SIMADI rate has since increased to 193 Bolivars per U.S. Dollar as of March 31, 2015. There are uncertainties as to how future SICAD auctions will work, and the volume of transactions in the SIMADI market since its inception has been limited.

During 2014, the Company was awarded $7.5 million and $16.0 million via the CENCOEX and SICAD I exchange mechanisms, respectively, which were (or will be) used by the Venezuela business to pay third party and intercompany vendors. Of the $16.0 million of amounts awarded in SICAD I auctions, the Company has $4.3 million unsettled for inventory purchases as of March 31, 2015, and such amount is available for expected future purchases. The Company did not participate in the SICAD II market in 2014. Based on an assessment of the rate at which future transactions could be settled and dividends could legally be paid by the Company’s Venezuela operations during the three months ended March 31, 2015, the Company continued to use the SICAD rate of 12.0 Bolivars to U.S. Dollar during the first quarter of 2015, and accordingly, the Company has not recorded any foreign exchange gains or losses associated with the remeasurement of Bolivar-denominated assets and liabilities during 2015.

As of March 31, 2015, the Company’s Venezuelan subsidiary had approximately $57.8 million of net monetary assets denominated in Bolivars at the rate of 12.0 Bolivars per U.S. Dollar, and as a result, a 10% increase (decrease) in the applicable exchange rate would result in an estimated pretax charge (benefit) of approximately $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 $9 million and $7 million, respectively. The $7 million estimated operating income impact includes an estimated $2.4 million charge associated with the first turn of inventory after a hypothetical 10% devaluation.

If the Company adopted the SIMADI rate of 193 Bolivars per U.S. Dollar on March 31, 2015, the Company would incur charges associated with the devaluation of up to $86 million, which includes the remeasurement of the net monetary assets at the SIMADI rate and impairments of the inventory and fixed assets of the Company’s Venezuelan operations that would not be recoverable at the SIMADI rate.  In addition, the Company’s reported sales and reported operating income for the nine months ending December 31, 2015 would be adversely affected by an estimated $64 million and $26 million, respectively, were the Company to adopt the SIMADI rate on a prospective basis beginning March 31, 2015, which excludes potential inventory and fixed asset charges the Company may record were it to adopt the SIMADI rate. These estimated impacts do not include any benefits the Company could realize by taking pricing actions or implementing operational changes in response to currency devaluations or other events in Venezuela. The Company estimates that if such actions were implemented under the current legal framework for pricing, it would mitigate an estimated 50% of the estimated operating income impact, excluding potential charges associated with inventory and fixed assets that the Company would be unable to mitigate. While the Company will continue to assess the impact, if any, of the changes to the Venezuela foreign currency exchange system, if the Company is unable to obtain sufficient U.S. Dollars from CENCOEX or the SICAD markets to fund its requirements for imported goods and instead needs to access the SIMADI market, it would significantly impact the Company’s Venezuelan operations which would adversely impact the Company’s consolidated results of operations.

The results of the Company’s Venezuelan operations have been included in the Company’s consolidated financial statements for all periods presented, as the Company has been able to exchange Bolivars for a sufficient amount of U.S. Dollars to fund its Venezuelan operations’ U.S. Dollar purchases.

As part of the changes implemented in the first quarter of 2014, the Venezuelan government also issued a new Law on Fair Pricing, establishing a maximum profit margin of 30% for the types of products the Company sells in Venezuela. In addition, new regulations will require the Company to identify the ultimate retail price to consumers on products it sells to distributors in Venezuela later

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in 2015, which could adversely affect the prices the Company charges its distributor customers. Laws and regulations limit the Company’s ability to implement future price increases, could result in the reduction of prices with respect to certain product categories and result in fines for practices deemed to be in violation of the laws and regulations. The impacts of any future pricing regulations are not included in the estimated ongoing impacts outlined above. Price controls generally may affect products the Company markets and sells in Venezuela.

The Company is unable to predict with certainty whether future devaluations will occur because of the economic uncertainty in Venezuela; however, future devaluations would adversely impact the Company’s future financial results. Any change in the rate would not impact reported changes in core sales, which exclude the impact of foreign currency.

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 March 31,
	2015					2014
Net sales	$	1,264.0		100.0	%	$	1,214.3		100.0	%
Cost of products sold	776.5			61.4		757.3			62.4
Gross margin	487.5			38.6		457.0			37.6
Selling, general and administrative expenses	362.0			28.6		340.3			28.0
Restructuring costs	27.3			2.2		12.0			1.0
Operating income	98.2			7.8		104.7			8.6
Nonoperating expenses:
Interest expense, net	19.2			1.5		14.4			1.2
Other expense, net	0.1			—		40.0			3.3
Net nonoperating expenses	19.3			1.5		54.4			4.5
Income before income taxes	78.9			6.2		50.3			4.1
Income tax expense	22.0			1.7		(1.5		)	(0.1	)
Income from continuing operations	56.9			4.5		51.8			4.3
(Loss) income from discontinued operations	(2.8		)	(0.2	)	1.1			0.1
Net income	$	54.1		4.3	%	$	52.9		4.4	%

Three Months Ended March 31, 2015 vs. Three Months Ended March 31, 2014

Consolidated Operating Results:

Net sales for the three months ended March 31, 2015 were $1,264.0 million, representing an increase of $49.7 million, or 4.1%, from $1,214.3 million for the three months ended March 31, 2014. Core sales increased 4.7%, which excludes the negative foreign currency impact of 5.5%, and the positive net impact of acquisitions and planned divestitures of 4.9%. The following table sets forth an analysis of changes in consolidated net sales for the three months ended March 31, 2015 as compared to the three months ended March 31, 2014 (in millions, except percentages):

Core sales	$	55.5		4.7	%
Acquisitions	66.6			5.5
Planned divestitures	(6.8		)	(0.6	)
Foreign currency	(65.6		)	(5.5	)
Total change in net sales	$	49.7		4.1	%

Core sales in the Company’s North American and international businesses increased 5.0% and 3.9%, respectively. Latin America led with core sales growth of 25.5% as a result of pricing in the region, including Venezuela, and volume gains in the Writing and Tools segments. North America showed mid-single digit growth of 5.0%, as core sales grew across all five segments, with strong core sales growth in the Writing, Commercial Products and Baby & Parenting segments. EMEA core sales declined 5.2% as a result of challenging market conditions in Russia and weakness in the Baby & Parenting segment across EMEA. Asia Pacific core sales declined 0.4%, as growth in the Writing and Commercial Products segments was more than offset by core sales declines in

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the Tools segment, particularly in industrial bandsaw blades, which has been negatively impacted by slowing industrial output in China and Japan. The Company’s core sales growth for the three months ended March 31, 2015 was favorably impacted by additional sell-in in advance of advertising and merchandising support planned for later in 2015, consistent with prior periods.

Gross margin, as a percentage of net sales, for the three months ended March 31, 2015 was 38.6%, or $487.5 million, compared to 37.6%, or $457.0 million, for the three months ended March 31, 2014, as the benefits of productivity, lower input cost, pricing, the adverse impact of the Graco product recall on the prior year’s quarterly results and favorable segment mix more than offset unfavorable foreign currency and the negative mix impact from the gross margin structure of the recent acquisitions.

SG&A expenses for the three months ended March 31, 2015 were 28.6% of net sales, or $362.0 million, versus 28.0% of net sales, or $340.3 million, for the three months ended March 31, 2014. SG&A expenses increased $21.7 million as a result of a $5.3 million increase in advertising, primarily relating to the Writing segment’s continued investment in advertising in North America, Latin America and Asia Pacific and increased advertising in the Commercial Products and Baby & Parenting segments. The increase was also driven by a $6.0 million increase in Project Renewal related costs, including advisory costs for process transformation and optimization initiatives, which increased from $7.7 million for the three months ended March 31, 2014 to $13.7 million for the three months ended March 31, 2015. The increase was also attributable to a $7.8 million increase in SG&A costs associated with the Graco recall and $14.8 million of SG&A expenses of the recently acquired businesses - Ignite, bubba and Baby Jogger. These increases were partially offset by the impacts of foreign currency and overhead cost savings from Project Renewal.

The Company recorded restructuring costs of $27.3 million and $12.0 million for the three months ended March 31, 2015 and 2014, respectively. The year-over-year increase in restructuring costs is primarily due to costs associated with projects initiated during the first quarter of 2015 in North America and EMEA. The restructuring costs for the three months ended March 31, 2015 related to Project Renewal and consisted of $0.3 million of facility and other exit costs, including impairments, $18.9 million of employee severance, termination benefits and employee relocation costs and $8.1 million of exited contractual commitments and other restructuring costs. The restructuring costs for the three months ended March 31, 2014 primarily related to Project Renewal and consisted of $1.2 million of facility and other exit costs, including impairments, $9.4 million of employee severance, termination benefits and employee relocation costs and $1.4 million of exited contractual commitments and other restructuring costs. See Footnote 5 of the Notes to Condensed Consolidated Financial Statements for further information.

Operating income for the three months ended March 31, 2015 was $98.2 million, or 7.8% of net sales, versus $104.7 million, or 8.6% of net sales, for the three months ended March 31, 2014. The 80 basis point decline in operating margin is attributable to the increased restructuring costs in the first quarter of 2015 compared to the first quarter of 2014.

Net nonoperating expenses for the three months ended March 31, 2015 were $19.3 million versus $54.4 million for the three months ended March 31, 2014. Interest expense for the three months ended March 31, 2015 was $19.2 million, compared to $14.4 million for the three months ended March 31, 2014, reflecting the impact of higher overall borrowings to finance the acquisitions of Ignite, bubba and Baby Jogger completed in the second half of 2014. The year-over-year decrease in nonoperating expenses was driven by a $38.7 million foreign exchange loss during the three months ended March 31, 2014 associated with the Company’s adoption of the SICAD I exchange rate to remeasure the net monetary assets and operating results of its Venezuelan operations.

The Company recognized an income tax rate of 27.9% for the three months ended March 31, 2015, which compared to an effective income tax rate of (3.0%) for the three months ended March 31, 2014. In addition to geographical mix of earnings, the tax rate for the three months ended March 31, 2015 was negatively impacted by the strengthening of the U.S. Dollar against foreign currencies, which was offset by increased tax benefits expected from the generation of foreign tax credits in 2015. The tax rate for the three months ended March 31, 2014 was impacted by $8.0 million of tax benefits related to the resolution of certain income tax contingencies and the income tax rate applicable to the $38.7 million foreign exchange loss associated with Venezuela being higher than the Company’s overall effective tax rate.

(Loss) income from discontinued operations during the three months ended March 31, 2015 and 2014 relates to the Company’s Hardware, Endiciaand Culinary electrics and retail businesses. During the three months ended March 31, 2015, the Company recorded a loss of $2.8 million, net of tax, associated with discontinued operations, primarily due to costs associated with the Company’s decision to cease operations in the Culinary electrics and retail businesses. The loss from discontinued operations during the three months ended March 31, 2015 compared to income of $1.1 million during the three months ended March 31, 2014. See Footnote 3 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 March 31, (in millions, except percentages):

	2015		2014		% Change
Writing	$	341.8	$	348.2	(1.8	)%
Home Solutions	364.5		316.4		15.2
Tools	180.4		187.8		(3.9	)
Commercial Products	185.2		182.6		1.4
Baby & Parenting	192.1		179.3		7.1
Total net sales	$	1,264.0	$	1,214.3	4.1	%

The following table sets forth an analysis of changes in net sales in each segment for the three months ended March 31, 2015 as compared to the three months ended March 31, 2014:

	Writing		Home Solutions		Tools		Commercial Products		Baby & Parenting
Core sales	9.0	%	0.9	%	3.2	%	9.0	%	0.8	%
Acquisitions	—		15.3		—		—		10.2
Planned divestitures	—		—		—		(4.6	)	—
Foreign currency	(10.8	)	(1.0	)	(7.1	)	(3.0	)	(3.9	)
Total change in net sales	(1.8	)%	15.2	%	(3.9	)%	1.4	%	7.1	%

Operating income by segment was as follows for the three months ended March 31, (in millions, except percentages):

	2015			2014			% Change
Writing	$	82.4		$	76.1		8.3	%
Home Solutions	38.5			26.8			43.7
Tools	22.2			21.4			3.7
Commercial Products	17.0			13.8			23.2
Baby & Parenting (1)	0.5			5.4			(90.7	)
Restructuring costs	(27.3		)	(12.0		)	(127.5	)
Corporate (2)	(35.1		)	(26.8		)	(31.0	)
Total operating income	$	98.2		$	104.7		(6.2	)%

(1) Results for the three months ended March 31, 2015 and 2014 for the Baby & Parenting segment include $10.2 million and $11.0 million of charges, respectively, related to the Graco harness buckle recall in the U.S.

(2) Includes Project Renewal-related costs of $14.0 million and $7.7 million for the three months ended March 31, 2015 and 2014, respectively.

Writing

Net sales for the three months ended March 31, 2015 were $341.8 million, a decrease of $6.4 million, or 1.8%, from $348.2 million for the three months ended March 31, 2014. Core sales increased 9.0%, driven by pricing in Latin America and volume gains due to increased market share in most geographies as a result of strong innovation and increased advertising and promotion. Latin America continued to generate double-digit core sales growth, which includes pricing and higher volume in Venezuela in advance of the price tagging on packaging requirement. North America core sales grew high-single digits, attributable to increased advertising and promotion and merchandising efforts. EMEA core sales declined low single digits, primarily attributable to the timing of shipments and continued weak economic conditions in Eastern Europe. Asia Pacific core sales increased low-single digits as a result of pricing and e-commerce growth in Fine Writing China. Foreign currency had an unfavorable impact of 10.8% on net sales for the Writing segment.

Operating income for the three months ended March 31, 2015 was $82.4 million, or 24.1% of net sales, an increase of $6.3 million, or 8.3%, from $76.1 million, or 21.9% of net sales, for the three months ended March 31, 2014. The 220 basis point increase in operating margin is primarily attributable to pricing, productivity and cost management, which more than offset negative foreign currency impacts and increased advertising and promotion spending. SG&A remained relatively flat as a percentage of net sales, decreasing 10 basis points as a percentage of net sales.

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Home Solutions

Net sales for the three months ended March 31, 2015 were $364.5 million, an increase of $48.1 million, or 15.2%, from $316.4 million for the three months ended March 31, 2014. Core sales increased 0.9% due to growth in the Décor and Rubbermaid Food Storage businesses, partially offset by planned declines in the lower margin Rubbermaid Consumer Storage business and the absence of prior year new customer pipeline fill on Calphalon. Foreign currency had an unfavorable impact of 1.0% on net sales, and the Ignite and bubba acquisitions had a favorable impact of 15.3% on net sales for the Home Solutions segment.

Operating income for the three months ended March 31, 2015 was $38.5 million, or 10.6% of net sales, an increase of $11.7 million, or 43.7%, from $26.8 million, or 8.5% of net sales, for the three months ended March 31, 2014. The 210 basis point increase in operating margin is primarily a result of the positive mix effect of Rubbermaid Food Storage, input cost deflation on resin and Project Renewal savings, partially offset by increased advertising and promotion. Despite the increase in advertising and promotion, Project Renewal savings and overhead cost management contributed to SG&A decreasing 80 basis points as a percentage of net sales.

Tools

Net sales for the three months ended March 31, 2015 were $180.4 million, a decrease of $7.4 million, or 3.9%, from $187.8 million for the three months ended March 31, 2014. Core sales increased 3.2% due to innovation, distribution gains and pricing. The core sales growth includes continued growth on Irwin^® offerings in Latin America and growth from the Lenox^® industrial tools business in North America and EMEA. Core sales declined in Asia Pacific as a result of slowing industrial output in China and Japan. Foreign currency had an unfavorable impact of 7.1% on net sales for the Tools segment.

Operating income for the three months ended March 31, 2015 was $22.2 million, or 12.3% of net sales, an increase of $0.8 million, or 3.7%, from $21.4 million, or 11.4% of net sales, for the three months ended March 31, 2014. The 90 basis point increase in operating margin is attributable to pricing and overhead cost management, partially offset by increased advertising and promotion and the impact of negative foreign currency. SG&A decreased 190 basis points as a percentage of net sales.

Commercial Products

Net sales for the three months ended March 31, 2015 were $185.2 million, an increase of $2.6 million, or 1.4%, from $182.6 million for the three months ended March 31, 2014. Core sales, which exclude the Rubbermaid medical cart business due to the planned divestiture of that business, increased 9.0% driven by innovation, marketing support and pricing in the North America and Asia Pacific regions. The Rubbermaid medical cart business negatively impacted the Commercial Products segment’s net sales by 4.6%. Foreign currency had an unfavorable impact of 3.0% on net sales for the Commercial Products segment.

Operating income for the three months ended March 31, 2015 was $17.0 million, or 9.2% of net sales, an increase of $3.2 million, or 23.2%, from $13.8 million, or 7.6% of net sales, for the three months ended March 31, 2014. The 160 basis point increase in operating margin reflects improved gross margin attributable to pricing, productivity and input cost deflation on resin, partially offset by increased advertising and promotion and the impact of negative foreign currency. Improved operating leverage was more than offset by increased advertising and promotion, which contributed to SG&A increasing 90 basis points as a percentage of sales.

Baby & Parenting

Net sales for the three months ended March 31, 2015 were $192.1 million, an increase of $12.8 million, or 7.1%, from $179.3 million for the three months ended March 31, 2014. Core sales increased 0.8%, as growth in North America due to innovation and the comparison to the prior year period which reflected the impacts of the Graco harness buckle recall were partially offset by declines in Europe, driven largely by softness across Europe and economic challenges in Russia. Foreign currency had an unfavorable impact of 3.9% on net sales for the Baby & Parenting segment, while the acquisition of Baby Jogger had a favorable impact of 10.2% on net sales for the Baby & Parenting segment.

Operating income for the three months ended March 31, 2015 was $0.5 million, or 0.3% of net sales, a decrease of $4.9 million, or 90.7%, from $5.4 million, or 3.0% of net sales, for the three months ended March 31, 2014. The 270 basis point decrease in operating margin was largely driven by increased advertising and promotion in support of innovation and the negative impact of foreign currency. The operating income for the three months ended March 31, 2015 and 2014 include $10.2 million and $11.0 million, respectively, of costs associated with the Graco harness buckle recall. The increased advertising and promotion and the increased SG&A costs associated with the Graco hardness buckle recall contributed to SG&A increasing 490 basis points as a percentage of net sales.

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Non-GAAP Financial Measures

The Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q contains non-GAAP financial measures. The Company uses certain non-GAAP financial measures in explaining its results and in its internal evaluation and management of its businesses. The Company’s management believes these non-GAAP financial measures are useful since these measures (a) permit users of the financial information to view the Company’s performance using the same tools that management uses to evaluate the Company’s past performance, reportable business segments and prospects for future performance and (b) determine certain elements of management’s incentive compensation.

The Company’s management believes that core sales is useful because it demonstrates the effect of foreign currency, acquisitions and planned divestitures on reported sales. Core sales is determined by applying a fixed exchange rate, calculated as the 12-month average in the prior year, to the current and prior year local currency sales amounts (excluding sales in the current year associated with acquisitions completed in the preceding twelve months and sales associated with planned divestitures), with the difference equal to changes in core sales, and the difference between the changes in reported sales (excluding sales in the current year associated with acquisitions completed in the preceding twelve months and changes in sales associated with planned divestitures) and the changes in core sales being attributable to currency. The Company uses core sales as one of the three performance criteria in its management cash bonus plan.

While the Company believes that non-GAAP financial measures are useful in evaluating performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, non-GAAP financial measures may differ from similar measures presented by other companies.

The following table provides a reconciliation of changes in core sales to changes in reported net sales by geographic region:

	Three Months Ended March 31, 2015
	North America		Europe, Middle East and Africa		Latin America		Asia Pacific		Total International		Total Company
Core sales	5.0	%	(5.2	)%	25.5	%	(0.4	)%	3.9	%	4.7	%
Acquisitions	7.7		—		—		—		—		5.5
Planned divestitures	(0.9	)	—		—		—		—		(0.6	)
Foreign currency	(0.6	)	(16.9	)	(28.3	)	(8.5	)	(17.4	)	(5.5	)
Total change in net sales	11.2	%	(22.1	)%	(2.8	)%	(8.9	)%	(13.5	)%	4.1	%

Reconciliations of changes in core sales to changes in reported net sales on a consolidated basis and by segment are provided earlier in the Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Liquidity and Capital Resources

Cash and cash equivalents (decreased) increased as follows for the three months ended March 31, (in millions):

	2015			2014
Cash used in operating activities	$	(154.3	)	$	(92.1	)
Cash used in investing activities	(49.1		)	(32.2		)
Cash provided by financing activities	218.2			73.9
Currency effect on cash and cash equivalents	1.2			(39.1		)
Increase (decrease) in cash and cash equivalents	$	16.0		$	(89.5	)

In the cash flow statement, the changes in operating assets and liabilities are presented excluding the effects of changes in foreign currency 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.

During the three months ended March 31, 2015, the Company received net proceeds of $343.4 million from short-term borrowing arrangements, which include commercial paper and the receivables facility, compared to net proceeds of $144.9 million received during the three months ended March 31, 2014.

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Uses

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

Cash used in operating activities for the three months ended March 31, 2015 and 2014 was $154.3 million and $92.1 million, respectively. The year-over-year increase in cash used in operating activities was largely attributable to a $70.0 million voluntary contribution to the Company’s primary U.S. pension plan during the first three months of 2015, which is included in accrued liabilities and other in the Condensed Consolidated Statement of Cash Flows. The Company generally uses cash for operations in its first quarter to fund increases in inventory in anticipation of seasonally stronger sales during the remainder of the year and to fund annual customer program and annual performance-based compensation payments.

Capital expenditures were $50.9 million and $31.9 million for the three months ended March 31, 2015 and 2014, respectively. The increase in capital expenditures in the first quarter of 2015 was largely attributable to purchases of equipment at manufacturing facilities in the U.S. as a result of the consolidation of plants and product lines in the Commercial Products segment, as well as investments in assets to improve the quality and efficiency of the Company’s resin manufacturing network in the Home Solutions and Commercial Products segments.

Aggregate dividends paid were $53.2 million and $42.9 million for the three months ended March 31, 2015 and 2014, respectively, and the increase is attributable to an increase in the dividends paid per share.

As expanded and extended in November 2014, the Company may repurchase a total of up to $1.1 billion of its outstanding shares pursuant to its ongoing share repurchase program through the end of December 2017 (the “SRP”). During the three months ended March 31, 2015, the Company repurchased and retired 1.9 million shares pursuant to the SRP for $73.6 million, compared to 1.5 million shares repurchased and retired for $44.4 million during the three months ended March 31, 2014.

Cash paid for restructuring activities was $14.7 million and $30.8 million for the three months ended March 31, 2015 and 2014, respectively, and is included in the net cash used in operating activities. These payments primarily relate 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):

	March 31, 2015		December 31, 2014		March 31, 2014
Accounts receivable	75		74		72
Inventory	100		67		96
Accounts payable	(72	)	(64	)	(65	)
Cash conversion cycle	103		77		103

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 due to inventory build-ups early in the year for seasonal sales activity and credit terms provided to customers. The increase in accounts receivable and accounts payable days from March 31, 2014 to March 31, 2015 is attributable to the timing of sales and purchases, respectively, in the first quarter of 2015 compared to the first quarter of 2014.

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 March 31, 2015 were $215.4 million, and the Company had $422.9 million of total available borrowing capacity under the $800.0 million unsecured syndicated revolving credit facility and the $350.0 million receivables facility.

• Working capital at March 31, 2015 was $378.8 million compared to $535.9 million at December 31, 2014, and the current ratio at March 31, 2015 was 1.19:1 compared to 1.28:1 at December 31, 2014. The decline in working capital and the

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current ratio is attributable to increased short-term borrowings in the first quarter of 2015 to finance the $70.0 million voluntary U.S. pension contribution, repurchase the Company’s stock under the SRP, fund capital expenditures and working capital requirements and pay dividends.

• 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 increased to 0.61:1 at March 31, 2015 from 0.55:1 at December 31, 2014, as the Company increased its short-term borrowings and realized a loss of $105.5 million associated with foreign currency translation during the three months ended March 31, 2015.

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.

Cash and cash equivalents at March 31, 2015 includes $52.9 million subject to currency exchange controls in Venezuela, which limits the total amount of cash and cash equivalents held by the Company that can be used at any particular point in time to support its worldwide operations.

Borrowing Arrangements

In December 2011, the Company entered into a credit agreement (the “Credit Agreement”) with a syndicate of banks. As extended, the Credit Agreement provides for an unsecured syndicated revolving credit facility maturing in December 2019, and an aggregate commitment at any time outstanding of up to $800.0 million (the “Facility”). The Facility is intended to be used 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. As of March 31, 2015, there were no borrowings outstanding or standby letters of credit issued under the Facility, and the Company had commercial paper obligations outstanding of $477.1 million, resulting in $322.9 million of borrowing capacity available 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 is not a utilization of the amount available for borrowing under the Facility.

The Company’s receivables facility provides for available borrowings of up to $350.0 million and expires in September 2015. As of March 31, 2015, the Company had $250.0 million of outstanding borrowings under the receivables facility at a weighted average interest rate of 0.9%.

The following table presents the maximum and average daily borrowings outstanding under the Company’s short-term borrowing arrangements during the three months ended March 31, (in millions):

	2015				2014
Short-term Borrowing Arrangement	Maximum		Average		Maximum		Average
Commercial paper	$	497.6	$	266.3	$	152.7	$	82.7
Receivables facility	350.0		306.7		175.0		103.9

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 these other 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) $750.0 million related to impairment charges incurred by the Company. As of March 31, 2015, 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 receivables facility, and utilize the $422.9 million to fund operating activities, working capital requirements, capital expenditures and/or acquisitions without exceeding the debt-to-total-capitalization limit 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.

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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 receivables facility.

Total debt was $2.8 billion as of March 31, 2015 and $2.5 billion as of December 31, 2014, an increase of $352.6 million due to increased borrowings under the Company’s short-term borrowing arrangements, including commercial paper, to finance the $70.0 million voluntary U.S. pension contribution, repurchase the Company’s stock under the SRP, fund capital expenditures and working capital requirements and pay dividends.

As of March 31, 2015, the current portion of long-term debt and short-term debt totaled $740.4 million, including $477.1 million of commercial paper obligations and $250.0 million of borrowings under the receivables facility.

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

	Three Months Ended March 31,
	2015			2014
Average outstanding debt	$	2,664.2		$	1,862.6
Average interest rate (1)	3.0		%	3.2		%

(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 outstanding fixed-for-floating interest rate swaps, was 46.9% and 39.3% of total debt as of March 31, 2015 and December 31, 2014, respectively. The increase in floating-rate debt is primarily due to a net increase of $343.2 million in short-term, floating-rate debt at March 31, 2015 compared to December 31, 2014. See Footnote 7 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. As a result, future increases or decreases in pension liabilities and required cash contributions are highly dependent on changes in interest rates, the actual return on plan assets and various estimates regarding the timing and amount of future benefit payments.

The Company made a voluntary cash contribution of $70.0 million to its primary U.S. defined pension plan in January 2015 to improve the overall funded status of the plan and offset the impacts of the adoption of new mortality tables to measure U.S. plan liabilities at December 31, 2014. The Company does not expect the impact of the contribution to be material to the Company’s pretax income for the year ending December 31, 2015, considering the expected return on plan assets of 7.25% and the Company’s estimated average borrowing rate of 3.0%.

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.

Dividends

In February 2015, the Company’s Board of Directors approved a 12% increase in the quarterly dividend from $0.17 per share to $0.19 per share, effective with the quarterly dividend paid in March 2015. The Company intends to maintain dividends at a level such that operating cash flows can be used to fund growth initiatives, acquisitions and restructuring activities. 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.

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Share Repurchase Program

In August 2011, the Company announced 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. As expanded and extended in November 2014, the Company may repurchase a total of up to $1.1 billion of its own stock through the end of 2017 pursuant to the SRP. During the three months ended March 31, 2015, the Company repurchased 1.9 million shares pursuant to the SRP for $73.6 million, and such shares were immediately retired. Since the inception of the SRP through March 31, 2015, the Company has repurchased and retired a total of 26.3 million shares for $693.9 million, and the Company had $362.8 million of authorized repurchases remaining under the SRP as of March 31, 2015. The repurchase of additional shares will depend upon many factors, including the Company’s financial condition, liquidity and legal requirements. Although the SRP authorizes the Company to repurchase shares through the end of 2017, the Company may execute such repurchases at any time and from time to time and may accelerate and complete authorized repurchases under the SRP sooner than the scheduled expiration.

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	Positive
Fitch Ratings	BBB+	F-2	Stable

Outlook

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 short-term debt of $733.9 million, which includes the Company’s outstanding commercial paper obligations and borrowings under the receivables facility.

Critical Accounting Policies

There have been no significant changes to the Company’s critical accounting policies since the filing of its Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”).

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, capital and other expenditures, working capital, cash flow, dividends, capital structure, debt to capitalization ratios, debt ratings, availability of financing, interest rates, restructuring and other project-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, inflation or deflation with respect to raw materials and sourced products, productivity and streamlining, synergies, changes in foreign exchange rates, product recalls, expected benefits and financial results from recently completed acquisitions and planned divestitures and 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 and consolidation of the Company’s retail customers; 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, including the ability to realize anticipated benefits of increased advertising and promotion spend; product liability, product recalls or regulatory actions; the Company’s ability to expeditiously close facilities

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and move operations while managing foreign regulations and other impediments; a failure of one of the Company’s key information technology systems or related controls; the potential inability to attract, retain and motivate key employees; future events that could adversely affect the value of the Company’s assets and require impairment charges; 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, including exchange controls and pricing restrictions; the Company’s ability to complete planned acquisitions and divestitures; the Company’s ability to realize the expected benefits and financial results from its recently acquired businesses and planned divestitures; 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 2014 Form 10-K with respect to foreign currency exchange rates and commodity prices.

Interest Rates

Interest rate risk is present with both fixed- and floating-rate debt. The Company manages its interest rate exposure through its mix of fixed- and floating-rate debt. Interest rate swap agreements designated as fair value hedges are used to mitigate the Company’s exposure to changes in the fair value of fixed-rate debt resulting from fluctuations in benchmark interest rates. Accordingly, benchmark interest rate fluctuations impact the fair value of the Company’s fixed-rate debt, which are offset by corresponding changes in the fair value of the swap agreements. Interest rate swaps may also be used to adjust interest rate exposures when appropriate, based on market conditions, and for qualifying hedges, the interest differential of swaps is included in interest expense. Excluding debt for which a fixed rate has been swapped for a floating rate, fixed-rate debt represented approximately 60.7% and 53.1% of the Company’s total debt as of December 31, 2014 and March 31, 2015, respectively.

Value at Risk

The amounts shown below represent the estimated potential economic loss that the Company could incur from adverse changes in interest rates using the value-at-risk estimation model. The value-at-risk model uses historical interest rates to estimate the volatility and correlation of these rates in future periods. It estimates a loss in fair market value using statistical modeling techniques that are based on a variance/covariance approach and includes substantially all market risk exposures (specifically excluding cost and equity method investments). The fair value losses shown in the table below represent the Company’s estimate of the maximum loss that could arise in one day. The amounts presented in the table are shown as an illustration of the impact of potential adverse changes in interest rates. The following table sets forth the one-day value-at-risk as of December 31, 2014 and March 31, 2015 (in millions, except percentages):

	December 31, 2014		March 31, 2015		Confidence Level
Interest Rate Risk	$	2.5	$	7.4	95%

The increase in value at risk associated with interest rates is primarily due to increased volatility in interest rates. The 95% confidence interval signifies the Company’s degree of confidence that actual losses would not exceed the estimated losses shown above. The amounts shown here disregard the possibility that interest rates could move in the Company’s favor. The value-at-risk model assumes that all movements in these rates will be adverse. Actual experience has shown that gains and losses tend to offset each other over time, and it is highly unlikely that the Company could experience losses such as these over an extended period of time. These amounts should not be considered projections of future losses, because actual results may differ significantly depending upon activity in the global financial markets.

Item 4. Controls and Procedures

As of March 31, 2015, 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 March 31, 2015 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial

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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 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 information presented below supplements the risk factors set forth in Part I, “Item 1A. Risk Factors,” of the 2014 Form 10-K. Except as set forth below, for additional risk factors that could cause actual results to differ materially from those anticipated, please refer to Part I, “Item 1A. Risk Factors,” of the 2014 Form 10-K.

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 or fines or penalties that may result from any governmental investigations, 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. For example, in 2014, the Company initiated a voluntary recall on harness buckles used on certain Graco-branded convertible and harnessed booster toddler car seats, which was later expanded to include harness buckles used on certain infant car seats manufactured between July 2010 and May 2013. In December 2014, the National Highway Traffic Safety Administration (“NHTSA”) announced that it opened an investigation into the timeliness of the recall, and in March 2015 the investigation concluded with Graco entering into a consent order with NHTSA pursuant to which Graco committed to spend $7 million in total over a five-year period to enhance child passenger safety and make a $3.0 million payment to NHTSA in the second quarter of 2015. The Company’s results for the quarter ended March 31, 2015 included $10.0 million of charges reflecting the resolution of the NHTSA investigation. Although the Company maintains product liability insurance coverage, potential product liability claims are subject to a self-insured retention and may exceed the amount of insurance coverage, while certain costs, such as recall expenses and government fines, are outside the scope of the Company’s insurance coverage.

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 March 31, 2015:

Calendar Month	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)
January	911,838	(2)	$	37.72	859,446	$	403,987,084
February	1,227,366	(2)	38.02		594,900	381,134,435
March	474,591	(2)	39.02		470,200	362,771,212
Total	2,613,795		$	38.09	1,924,546

 __________________

(1) Under the Company’s share repurchase program (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. As expanded and extended in November 2014, the Company may repurchase a total of up to $1.1 billion of its outstanding shares through the end of 2017. The average per share price of shares purchased in January, February and March 2015 relating to the SRP was $37.71, $38.41 and $39.05, respectively.

(2) All shares purchased by the Company during the quarter ended March 31, 2015 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 January, February and March 2015, the Company purchased 52,392 shares (average price: $37.86), 632,466 shares (average price: $37.65) and 4,391 shares (average price: $35.84), respectively, in connection with the vesting of employees’ stock-based awards.

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Item 6. Exhibits

3.2	By-Laws of Newell Rubbermaid Inc., as amended March 2, 2015 (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K dated March 2, 2015).
10.1	Amendment No. 1 dated March 27, 2015 to the Amended and Restated Loan and Servicing Agreement, dated as of September 6, 2013, among EXPO Inc., as Borrower, the Company, as Servicer, the Conduit Lenders, the Committed Lenders and the Managing Agents named therein, and PNC Bank, National Association as the Administrative Agent.
10.2	Employment Security Agreement with John K. Stipancich dated February 11, 2015 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated February 10, 2015).
10.3	Long Term Incentive Performance Pay Terms and Conditions under the Company’s 2013 Incentive Plan as updated February 10, 2015 (incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K dated February 10, 2015).
10.4	Form of Restricted Stock Unit Agreement under the 2013 Incentive Plan for Employees as updated February 10, 2015 (incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K dated February 10, 2015).
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:	May 11, 2015	/s/ John K. Stipancich
		John K. Stipancich
		Executive Vice President, Chief Financial Officer

Date:	May 11, 2015	/s/ John B. Ellis
		John B. Ellis
		Vice President – Corporate Controller, Development Finance and
		Chief Accounting Officer

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EX-10.1

Exhibit 10.1

AMENDMENT NO. 1 TO

AMENDED AND RESTATED LOAN AND SERVICING AGREEMENT

THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AND SERVICING AGREEMENT (this “Amendment”), dated as of March 27, 2015, is by and among EXPO INC., a Delaware corporation (the “SPV”), NEWELL RUBBERMAID INC., a Delaware corporation, as servicer (in such capacity, the “Servicer”), the entities party hereto as Conduit Lenders (the “Conduit Lenders”), the entities party hereto as Committed Lenders (the “Committed Lenders” and, together with the Conduit Lenders, the “Lenders”), the entities party hereto as Managing Agents (the “Managing Agents”), PNC BANK, NATIONAL ASSOCIATION, a national banking association, as the Administrative Agent for the Lenders (the “Administrative Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meaning given to such terms in the Loan and Servicing Agreement (defined below).

WHEREAS, the SPV, the Servicer, the Conduit Lenders, the Committed Lenders, the Managing Agents and the Administrative Agent are parties to that certain Amended and Restated Loan and Servicing Agreement dated as of September 6, 2013 (as heretofore amended, restated, supplemented or otherwise modified, the “Loan and Servicing Agreement”); and

WHEREAS, the parties to the Loan and Servicing Agreement have agreed to amend the Loan and Servicing Agreement on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Section 1.Amendment to the Loan and Servicing Agreement. Effective as of the Effective Date, subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Loan and Servicing Agreement is hereby amended as follows:

1.1.Section 4.01(p) of the Loan and Servicing Agreement is hereby amended and restated in its entirety to read as follows:

(p)    Investment Company Act. Such Borrower Party is not, and after giving effect to the transactions contemplated hereby, will not be required to register as, an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or any successor statute. Borrower is not a “covered fund” as defined in the final regulations issued December 10, 2013 implementing the “Volcker Rule” (Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act).

1.2.Section 7.01(g)(i) of the Loan and Servicing Agreement is hereby amended and restated in its entirety to read as follows:

(i)    the average of the Dilution Trigger Ratios for such Monthly Period and the two (2) immediately preceding Monthly Periods shall exceed (x) in the case of the Monthly Periods of January 2015, February 2015 and March 2015 and the Monthly Periods of February 2015, March 2015 and April 2015, 25.50% and (y) in the case of any other Monthly Periods, 20.00%;

Section 2.Conditions Precedent. This Amendment shall become effective as of the date hereof (the “Effective Date”) upon the receipt by the Administrative Agent of this Amendment duly executed by the parties thereto.

Section 3.Representations and Warranties. Each of the SPV and the Servicer hereby represents and warrants that:

3.1.This Amendment and the Loan and Servicing Agreement, as amended hereby, constitute legal, valid and binding obligations of such parties and are enforceable against such parties in accordance with their terms.

3.2.Upon the effectiveness of this Amendment and after giving effect hereto, the covenants, representations and warranties of each such party, respectively, set forth in Article IV of the Loan and Servicing Agreement, as amended hereby, are true and correct in all material respects as of the date hereof.

3.3.Upon the effectiveness of this Amendment, no event or circumstance has occurred and is continuing which constitutes an Event of Termination or an Incipient Event of Termination.

Section 4.Reference to and Effect on the Loan and Servicing Agreement.

4.1.Upon the effectiveness of this Amendment hereof, on and after the date hereof, each reference in the Loan and Servicing Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Loan and Servicing Agreement and its amendments, as amended hereby.

4.2.The Loan and Servicing Agreement, as amended hereby, and all other amendments, documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

4.3.Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Conduit Lenders, the Committed Lenders, the Managing Agents or the Administrative Agent, nor constitute a waiver of any provision of the Loan and Servicing Agreement, any Transaction Document or any other documents, instruments and agreements executed and/or delivered in connection therewith.

Section 5.Governing Law. THIS AMENDMENT AND THE OBLIGATIONS HEREUNDER, SHALL IN ALL RESPECTS, INCLUDING MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

Section 6.Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

Section 7.Counterparts; Facsimile Signatures. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the

2

same Amendment. Delivery by facsimile of an executed signature page of this Amendment shall be effective as delivery of an executed counterpart hereof.

Section 8.Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire agreement concerning the subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications.

Section 9.Fees, Costs and Expenses. Newell shall pay on demand all reasonable and invoiced fees and out-of-pocket expenses of Sidley Austin LLP, counsel for the Administrative Agent and the Managing Agents, incurred in connection with the preparation, negotiation, execution and delivery of this Amendment.

3

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first written above.

EXPO INC.,

as SPV

By: /s/ Joanne P. Chomiak

Name: Joanne P. Chomiak

Title: Vice President, Tax & Treasurer

NEWELL RUBBERMAID INC.,

as Servicer

By: /s/ Joanne P. Chomiak

Name: Joanne P. Chomiak

Title: Vice President, Tax & Treasurer

Signature Page to

Amendment No. 1 to Amended and Restated Loan and Servicing Agreement

PNC BANK, NATIONAL ASSOCIATION,

as Administrative Agent, as a Managing Agent and as a Committed Lender

By: /s/ Robyn Reeher

Name: Robyn Reeher

Title: Vice President

Signature Page to

Amendment No. 1 to Amended and Restated Loan and Servicing Agreement

VICTORY RECEIVABLES CORPORATION,

as a Conduit Lender

By:/s/ David V. DeAngelis

Name: David V. DeAngelis

Title: Vice President

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

NEW YORK BRANCH,

as a Managing Agent

By:/s/ Van Dusenbury

Name: Van Dusenbury

Title: Managing Director

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

NEW YORK BRANCH,

as a Committed Lender

By:/s/ Adrienne Young

Name: Adrienne Young

Title: Vice-President

THUNDER BAY FUNDING LLC,

as a Conduit Lender

By:/s/ Veronica L. Gallagher

Name: Veronica L. Gallagher

Title: Authorized Signatory

ROYAL BANK OF CANADA,

as a Managing Agent and a Committed Lender

By:/s/ Veronica L. Gallagher

Name: Veronica L. Gallagher

Title: Authorized Signatory

Signature Page to

Amendment No. 1 to Amended and Restated Loan and Servicing Agreement

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 March 31, 2015 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:	May 11, 2015	/s/ Michael B. Polk
		Michael B. Polk
		Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, John K. Stipancich, certify that:

1. I have reviewed this report on Form 10-Q for the quarterly period ended March 31, 2015 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:	May 11, 2015	/s/ John K. Stipancich
		John K. Stipancich
		Executive Vice President, 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 March 31, 2015 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

May 11, 2015

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 March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John K. Stipancich, 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/ John K. Stipancich

John K. Stipancich

Executive Vice President, Chief Financial Officer

May 11, 2015

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, 2014, as well as in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, 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 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, capital and other expenditures, working capital, cash flow, dividends, capital structure, debt to capitalization ratios, debt ratings, availability of financing, interest rates, restructuring and other project-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, inflation or deflation with respect to raw materials on sourced products, productivity and streamlining, synergies, changes in foreign exchange rates, product recalls, expected benefits and financial results from recently completed acquisitions and planned divestitures, 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. 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 2014 Form 10-K and the first quarter 2015 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 global economic conditions, particularly outside the U.S., 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 these factors could adversely impact the Company’s business.

The Company is subject to intense competition in a marketplace dominated by large retailers and e-commerce companies.

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, office superstores, commercial distributors and e-commerce companies. The dominant share of the market represented by these large mass merchandisers, together with changes in consumer shopping patterns, has contributed to the formation of dominant multi-category retailers and e-commerce companies that have strong negotiating power with suppliers. Current trends among retailers and e-commerce companies include fostering high levels of competition among suppliers, demanding innovative new products, requiring suppliers to maintain or reduce product prices, and requiring product delivery with shorter lead times. Other trends are for retailers and e-commerce companies to import products directly from foreign sources and to source and sell products under their own private label brands, typically at lower prices, that compete with the Company’s products.

The combination of these market influences and retailer consolidation 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 customers, such as overall store and inventory reductions. The intense competition in the retail and e-commerce sectors, combined with the overall economic environment, may result in a number of customers experiencing financial difficulty, or failing in the future. In particular, a loss of, or a failure by, one of the Company’s large customers would adversely impact the Company’s sales and operating cash flows. To address these challenges, the Company must be able to respond to competitive factors, and the failure to respond effectively could result in a loss of sales, reduced profitability and a limited ability to recover cost increases through price increases.

The Company’s customers may further consolidate, which could adversely affect its sales and margins.

The Company’s customers have steadily consolidated over the last two decades. In 2013, two of the Company’s large customers, Office Depot and OfficeMax, completed their previously announced merger. In February 2015, Staples and Office Depot announced plans to merge. The Company currently expects the combined companies will take actions to harmonize pricing from their suppliers, close retail outlets and rationalize their supply chain, which will negatively impact the Company’s sales and margins and adversely affect the Company’s business and results of operations. There can be no assurance that following consolidation these and other large customers will continue to buy from the Company across different product categories or geographic regions, or at the same levels as prior to consolidation, which could negatively impact the Company’s financial results. Further, if the consolidation trend continues, it is likely to result in future pressures that could reduce the Company’s sales and margins and have a material adverse effect on the Company’s business, results of operations and financial condition.

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. The Company is currently in the process of implementing Project Renewal, a global initiative designed to reduce the complexity of the organization, increase investment in the Company’s most significant growth platforms and align the business around two key activities - Brand & Category Development and Market Execution & Delivery. Project Renewal may not be completed substantially as planned, may be more costly to implement than expected, or may not result in, in full or in part, the positive effects anticipated. In addition, such initiatives require the Company to implement a significant amount of organizational change, which could have a negative impact on employee engagement, divert management’s attention from other concerns, and if not properly managed, impact the Company’s ability to retain key employees, cause disruptions in the Company’s day-to-day operations and have a negative impact on the Company’s financial results. It is also possible that other major productivity and streamlining programs may be required in the future.

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 strategy includes investment in new product development and a focus on innovation. Its 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 and line extensions that create demand. New product development and commercialization efforts, including efforts to enter markets or product categories in which the Company has limited or no prior experience, have inherent risks. These risks include the considerable costs involved, such as development and commercialization, product development or launch delays, and the failure of new products and line extensions to achieve anticipated levels of market acceptance or growth in sales or operating income. The Company also faces the risk that its competitors will introduce innovative new products that compete with the Company’s products. In addition, sales generated by new products or line extensions could cause a decline in sales of the Company’s existing products. If new product development and commercialization efforts are not successful, the Company’s financial results could be adversely affected.

If the Company does not continue to develop and maintain consumer-meaningful brands or realize the anticipated benefits of increased advertising spend, 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 initiatives may not deliver the anticipated results and the results of such initiatives may not cover the costs of the increased investment.

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

The Company purchases raw materials, including resin, principally polyethylene, polypropylene and copolyester, corrugate, steel, gold, brass and aluminum, which are subject to price volatility and inflationary pressures. The Company’s success is dependent, in part, on its continued ability to reduce its exposure to increases in those costs through a variety of programs, including periodic purchases, future delivery purchases, long-term contracts, sales price adjustments and certain derivative instruments, while maintaining and improving margins and market share. 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.

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

The Company’s ability to continue to make strategic acquisitions and to integrate the acquired businesses successfully remain important factors in the Company’s future growth. In 2014, the Company completed the acquisitions of Ignite and Baby Jogger and the assets of bubba. The Company’s ability to successfully integrate these or any other acquired business is dependent upon its ability to identify suitable acquisition candidates, integrate and manage product lines that have been acquired, obtain anticipated cost savings and operating income improvements within a reasonable period of time, assume unknown liabilities, known contingent liabilities that become realized or known liabilities that prove greater than anticipated, and manage unanticipated demands on the Company’s management, operational resources and financial and internal control systems. 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. The Company may not successfully manage these or other risks it may encounter in acquiring a business or product line, which could have a material adverse effect on its business.

Circumstances associated with divestitures and product line exits 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. During 2014, the Company's Endicia and Culinary electrics and retail businesses were classified as discontinued operations based on the Company's commitment to sell these businesses, and the Company may decide to sell or discontinue other businesses or products in the future based on an evaluation of performance and strategic fit. A decision to divest or discontinue a business or product 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 or exiting product lines, which could have a material adverse effect on its business.

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

International operations 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; price controls; labor inflation; interest rates; limitations on foreign investment in local business; compliance with U.S. laws affecting operations outside the United States, such as the Foreign Corrupt Practices Act; 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.

The Company has foreign currency translation and transaction risks that may materially adversely affect the Company’s operating results, financial condition and liquidity.

The financial position and results of operations of many of the Company’s international subsidiaries are initially recorded in various foreign currencies and then translated into U.S. Dollars at the applicable exchange rate for inclusion in the Company’s financial statements. The strengthening of the U.S. Dollar against these foreign currencies ordinarily has a negative impact on the Company’s reported sales and operating margin (and conversely, the weakening of the U.S. Dollar has a positive impact). For the quarter ended March 31, 2015, foreign currency unfavorably affected reported sales by $65.6 million compared to the quarter ended March 31, 2014. The volatility of foreign exchange rates may materially adversely affect the Company’s operating results.

The margin impacts from changes in foreign currency are because the Company’s costs for produced and sourced products are largely denominated in U.S. Dollars, and the Company’s international operations generally sell the Company’s products at prices denominated in local currencies. When local currencies decline in value relative to the U.S. Dollar in the regions in which the Company sells products whose costs are denominated in U.S. Dollars, the Company’s international businesses would need to increase the local currency sales prices of the products and/or reduce costs through productivity or other initiatives in order to maintain the same level of profitability. The Company may not be able to increase the selling prices of its products in its international businesses due to market dynamics, competition or otherwise and may not realize cost reductions through productivity or other initiatives. As a result, gross margins and overall operating results of the Company’s international businesses would be adversely affected when the U.S. Dollar strengthens.

The Company has been and will continue to be impacted by developments in Venezuela including the significant devaluations of the Venezuelan Bolivar Fuerte that have occurred in recent years as well as the implementation of related exchange controls. In addition, in the first quarter of 2014, the Venezuelan government issued a Law on Fair Pricing which establishes a maximum profit margin of 30%, thereby limiting the Company’s ability to implement price increases, which had been one of the key mechanisms to offset the effects of continuing high inflation and the impact of currency devaluation. In 2015, regulations will require the Company to identify the ultimate retail price to consumers on products it sells, which could adversely affect the prices the Company charges to its distributor customers. Going forward, additional government actions, including in the form of further currency devaluations, continued import authorization controls, foreign exchange, price or profit controls or expropriation or other form of government take-over could have further adverse impacts on the Company’s business, results of operations, cash flows and financial condition.

See Management’s Discussion and Analysis of Financial Condition and Results of Operations and 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. In particular, the Company’s Baby & Parenting business has a single source of supply for products that comprise a majority of Baby & Parenting’s sales and which owns the intellectual property for many of those products. 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 manufacture and market its products, which could have a material adverse effect on its business.

A failure of one or more key information technology systems, networks, processes, associated sites or service providers could have a material adverse impact on the Company’s business or reputation.

The Company relies extensively on information technology (IT) systems, networks and services, including Internet sites, data hosting and processing facilities and tools and other hardware, software and technical applications and platforms, some of which are managed, hosted, provided and/or used by third parties or their vendors, to assist in conducting business. The various uses of these IT systems, networks and services include, but are not limited to:

• ordering and managing materials from suppliers;

• converting materials to finished products;

• shipping products to customers;

• marketing and selling products to consumers;

• collecting and storing customer, consumer, employee, investor and other stakeholder information and personal data;

• processing transactions;

• summarizing and reporting results of operations;

• hosting, processing and sharing confidential and proprietary research, business plans and financial information;

• complying with regulatory, legal or tax requirements;

• providing data security; and

• handling other processes necessary to manage the Company’s business.

Increased IT security threats and more sophisticated computer crime, including advanced persistent threats, pose a potential risk to the security of the Company’s IT systems, networks and services, as well as the confidentiality, availability and integrity of the Company’s data. If the IT systems, networks or service providers relied upon fail to function properly, or if the Company suffers a loss or disclosure of business or stakeholder information, due to any number of causes, ranging from catastrophic events to power outages to security breaches, and business continuity plans do not effectively address these failures on a timely basis, the Company may suffer interruptions in its ability to manage operations and reputational, competitive and/or business harm, which may adversely impact the Company’s results of operations and/or financial condition.

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 and environmental matters without significant liability could require the Company to record 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 and Health Canada are advocating for more strict design standards for window blinds that if implemented, would require the Company to redesign all window blinds sold in the U.S. and Canada. 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.

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. until those earnings are actually repatriated or deemed repatriated. If these or other tax regulations should change, the Company’s financial results could be impacted.

The Company may not be able to attract, retain and develop key personnel.

The Company’s success at implementing Project Renewal and the Growth Game Plan and its future performance depends in significant part upon the continued service of its executive officers and other key personnel. The loss of the services of one or more executive officers or other key employees could have a material adverse effect on the Company’s business, prospects, financial condition and results of operations.  The Company’s success also depends, in part, on its continuing ability to attract, retain and develop highly qualified personnel. Competition for such personnel is intense, and there can be no assurance that the Company can retain its key employees or attract, assimilate and retain other highly qualified personnel in the future.

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 are 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 various worldwide 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 or fines or penalties that may result from any governmental investigations, 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. For example, in 2014, the Company initiated a voluntary recall on harness buckles used on certain Graco-branded convertible and harnessed booster toddler car seats, which was later expanded to include harness buckles used on certain infant car seats manufactured between July 2010 and May 2013. In December 2014, the National Highway Traffic Safety Administration (“NHTSA”) announced that it opened an investigation into the timeliness of the recall, and in March 2015 the investigation concluded with Graco entering into a consent order with NHTSA pursuant to which Graco committed to spend $7 million in total over a five year period to enhance child passenger safety and make a $3.0 million payment to NHTSA in the second quarter of 2015. The Company’s results for the quarter ended March 31, 2015 included $10.0 million of charges reflecting the resolution of the NHTSA investigation. Although the Company maintains product liability insurance coverage, potential product liability claims are subject to a self-insured retention and may exceed the amount of insurance coverage, while certain costs, such as recall expenses and government fines, are outside the scope of the Company's insurance coverage.

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 and Fitch have a stable outlook on their ratings, and Standard & Poor’s has a positive outlook on its rating. 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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Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of Disposal Group, Including Discontinued Operation	$ 43.8
Net sales	17.3		20.0
(Loss) income from discontinued operations before income taxes	(4.4)		(0.6)
Income tax (benefit) expense	(1.6)		(0.2)
(Loss) income from discontinued operations	(2.8)		(0.4)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	0	[1]	1.5	[1]
Discontinued Operation, Tax Expense (Benefit) from Provision for (Gain) Loss on Disposal			0.7
(Loss) income from Discontinued Operations, Net of Tax	(2.8)		1.1
Net gain from sale of discontinued operations	0		2.2
Endicia [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Estimated sales price, business held for sale	$ 215.0

[1] Includes pretax gains of $2.2 million (related tax expense of $0.7 million) for the three months ended March 31, 2014.

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Derivatives (Schedule Of Outstanding Derivative Instruments) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Derivative Asset, Fair Value, Gross Asset	$ 16.8	$ 7.7
Derivative Liability, Fair Value, Gross Liability	8.0	12.2
Foreign Exchange Contract [Member] | Prepaid Expenses And Other [Member]
Derivative Asset, Fair Value, Gross Asset	11.6	7.7
Foreign Exchange Contract [Member] | Other Accrued Liabilities [Member]
Derivative Liability, Fair Value, Gross Liability	2.8	0.4
Foreign Exchange Contracts on Intercompany Borrowings [Member] | Prepaid Expenses And Other [Member]
Derivative Asset, Fair Value, Gross Asset	0.6	0
Foreign Exchange Contracts on Intercompany Borrowings [Member] | Other Accrued Liabilities [Member]
Derivative Liability, Fair Value, Gross Liability	0	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member] | Other Assets [Member]
Derivative Asset, Fair Value, Gross Asset	4.6	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member] | Other Noncurrent Liabilities [Member]
Derivative Liability, Fair Value, Gross Liability	$ 5.2	$ 11.8

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Inventories, Net (Components Of Net Inventories) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Inventory, Raw Materials and Supplies, Net of Reserves	$ 143.4	$ 117.9
Inventory, Work in Process, Net of Reserves	124.7	104.5
Inventory, Finished Goods, Net of Reserves	584.2	486.1
Inventories, net	$ 852.3	$ 708.5

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Other Accrued Liabilities (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Other accrued liabilities	$ 588.4	$ 659.3
Customer Accruals [Member]
Other accrued liabilities	225.8	316.0
Accruals For Manufacturing, Marketing And Freight Expenses [Member]
Other accrued liabilities	80.3	86.1
Accrued Self-Insurance Liabilities [Member]
Other accrued liabilities	54.0	55.8
Accrued Pension, Defined Contribution And Other Postretirement Benefits [Member]
Other accrued liabilities	24.5	36.6
Accrued Contingencies, Primarily Legal, Environmental And Warranty [Member]
Other accrued liabilities	34.2	27.8
Accrued Restructuring [Member]
Other accrued liabilities	60.9	46.1
Other Accrued Liabilities [Member]
Other accrued liabilities	$ 108.7	$ 90.9

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Derivatives (Fair Value Hedges) (Details) (Interest Expense, Net [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest Rate Swaps [Member]
Amount of gain (loss) recognized in income	$ 11.2	$ 5.3
Fixed Rate Debt [Member]
Amount of gain (loss) recognized in income	$ (11.2)	$ (5.3)

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Restructuring Costs (Restructuring Reserves By Segment) (Details) (Project Renewal [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Beginning Balance	$ 40.3
Restructuring Reserve, Period Increase (Decrease)	27.3
Restructuring Reserve Settled	(16.4)
Ending Balance	51.2
Writing [Member]
Beginning Balance	9.7
Restructuring Reserve, Period Increase (Decrease)	2.8
Restructuring Reserve Settled	(0.7)
Ending Balance	11.8
Home Solutions [Member]
Beginning Balance	1.0
Restructuring Reserve, Period Increase (Decrease)	4.8
Restructuring Reserve Settled	(0.8)
Ending Balance	5.0
Tools [Member]
Beginning Balance	0.5
Restructuring Reserve, Period Increase (Decrease)	0
Restructuring Reserve Settled	0
Ending Balance	0.5
Commercial Products [Member]
Beginning Balance	5.1
Restructuring Reserve, Period Increase (Decrease)	0.5
Restructuring Reserve Settled	(0.2)
Ending Balance	5.4
Baby & Parenting Segment [Member]
Beginning Balance	2.2
Restructuring Reserve, Period Increase (Decrease)	0
Restructuring Reserve Settled	0
Ending Balance	2.2
Corporate [Member]
Beginning Balance	21.8
Restructuring Reserve, Period Increase (Decrease)	19.2
Restructuring Reserve Settled	(14.7)
Ending Balance	$ 26.3

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Share-based Compensation [Abstract]

Summary Of Changes In Stock Options

The following table summarizes the changes in the number of shares of common stock underlying outstanding stock options for the three months ended March 31, 2015 (in millions, except weighted-average exercise prices):

	Shares		Weighted-Average Exercise Price		Exercisable at Period End	Aggregate     Intrinsic     Value     Exercisable
Outstanding at December 31, 2014	2.6		$	19	2.6	$	49.1
Exercised	(0.5	)	24
Forfeited / expired	—		22
Outstanding at March 31, 2015	2.1		$	18	2.1	$	43.2

Summary Of Changes in Restricted Stock And Restricted Stock Units

The following table summarizes the changes in the number of outstanding restricted stock units for the three months ended March 31, 2015 (shares in millions):

	Restricted Stock Units		Weighted-     Average Grant      Date Fair Value
Outstanding at December 31, 2014	3.7		$	26
Granted	0.9		40
Vested	(1.1	)	20
Forfeited	(0.2	)	28
Outstanding at March 31, 2015	3.3		$	31

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Derivatives Derivatives (Cash Flow Hedges Recognized In AOCI) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 8.4	$ 2.7
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	5.8	2.7
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	$ 2.6	$ 0

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Litigation And Contingencies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Loss Contingencies [Line Items]
Loss Contingency Accrual, Product Liability, Net	$ 32,900,000		$ 33,600,000
Approximate Number of Defective Merchandise Recalled		4,000,000
Loss Contingency Accrual	10,000,000
Accrual for Environmental Loss Contingencies	23,800,000
Estimated Present Value Of Long Term Obligation	17,000,000
Accrual for Environmental Loss Contingencies, Discount Rate	5.00%
Undiscounted obligation value	24,000,000
Minimum [Member]
Loss Contingencies [Line Items]
Environmental Loss Exposure Low Estimate	22,300,000
Maximum [Member]
Loss Contingencies [Line Items]
Environmental Loss Exposure High Estimate	27,600,000
Lower Passaic River Matter [Member]
Loss Contingencies [Line Items]
Number of General Notice Letter Recipients Involved In Remedial Investigation and Feasibility Study	72
Environmental Loss Exposure Preferred Alternative	1,700,000,000
Environmental Remediation Maintenance Costs, Preferred Alternative	1,600,000
Lower Passaic River Matter [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Environmental Loss Exposure Low Estimate	315,000,000
Environmental Remediation Maintenance Costs, Low Estimate	500,000
Lower Passaic River Matter [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Environmental Loss Exposure High Estimate	3,200,000,000
Environmental Remediation Maintenance Costs, High Estimate	1,800,000
Lower Passaic River Matter-alternative range from participating parties [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Environmental Loss Exposure Low Estimate	28,000,000
Lower Passaic River Matter-alternative range from participating parties [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Environmental Loss Exposure High Estimate	2,700,000,000
NHTSA - Safety Awareness [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual	7,000,000
NHTSA - Other payments [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual	$ 3,000,000

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Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

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 (in millions):

	Three Months Ended
	March 31,
	2015			2014
Net sales	$	17.3		$	20.0
Loss from discontinued operations before income taxes	$	(4.4	)	$	(0.6	)
Income tax benefit	(1.6		)	(0.2		)
Loss from discontinued operations	(2.8		)	(0.4		)
Net gain from sales of discontinued operations, net of tax (1)	—			1.5
(Loss) income from discontinued operations, net of tax	$	(2.8	)	$	1.1

(1) Includes pretax gains of $2.2 million (related tax expense of $0.7 million) for the three months ended March 31, 2014.

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Debt (Interest Rate Swaps) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Mark-to-market adjustments	$ 0.6		$ 11.8
Reduction of interest expense	3.4	3.6
Interest Rate Swaps [Member]
Principal amount of note	$ 596.0

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Stockholders' Equity And Accumulated Other Comprehensive Income Schedule of Reclassifications Out of AOCI (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Other Comprehensive (Loss) Income, Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Benefit Cost, before Tax	$ (1.7)	[1]	$ (1.6)	[1]
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	7.4	[1]	7.0	[1]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	5.7		5.4
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	(1.7)		(1.6)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Post Retirement Benefits, Prior Service Benefit and Actuarial Loss, Net of Tax	4.0		3.8
Other Comprehensive Income (Loss), Derivative Amounts Reclassified to Earnings During Period, Pretax	(4.1)		(1.7)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	1.0		0.7
Other Comprehensive (Loss) Income, Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	(3.1)		(1.0)
Foreign Exchange Contract [Member] | Cost of Products Sold [Member]
Other Comprehensive Income (Loss), Derivative Amounts Reclassified to Earnings During Period, Pretax	(4.3)		(1.9)
Forward Interest Rate Swaps [Member] | Interest Expense [Member]
Other Comprehensive Income (Loss), Derivative Amounts Reclassified to Earnings During Period, Pretax	$ 0.2		$ 0.2

[1] These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement benefit costs, which are recorded in the cost of products sold and selling, general and administrative expenses line-items in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014. See Footnote 9 for further details.

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Basis Of Presentation And Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 01, 2016
Estimated Impact upon adoption - ASU 2015-03			$ 18,000,000
Seasonal percentage of operating income	60.00%
Seasonal percentage of operating cash flows	90.00%
Official Currency Exchange Rate In Venezuela After February 2013 Devaluation		6.3
Venezuelan SICAD I rate	12.0	10.7
Venezuelan SICAD II rate		49.8
Venezuela Pretax Exchange Loss Upon Adoption of SICAD I Rate		38,700,000
Venezuelan SIMADI Exchange Rate	193
Net Monetary Assets	57,800,000
Venezuelan cash and cash equivalents	$ 52,900,000
Percentage of net sales generated by Venezuela, equal to or less than	2.00%	2.00%

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Debt (Revolving Credit Facility And Commercial Paper) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Revolving credit facility expiration date	Dec. 31, 2019
Outstanding commercial paper obligations	$ 477.1	$ 28.0
Revolving Credit Facility [Member]
Line of Credit Facility, Current Borrowing Capacity	800.0
Letter Of Credit Maximum Capacity Value	100.0
Line of Credit Facility, Competitive Bid Loans, Max	500.0
Outstanding commercial paper obligations	$ 477.1	$ 28.0

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Fair Value Disclosures (Recurring Fair Value Measurements) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 31.7		$ 29.2
Financial and Nonfinancial Liabilities, Fair Value Disclosure	8.0		12.2
Cash and cash equivalents	215.4		199.4		136.8	226.3
Other assets	266.5		262.2
Investment Securities, Including Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	14.9		21.5
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4.6
Financial and Nonfinancial Liabilities, Fair Value Disclosure	5.2		11.8
Foreign Currency Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	12.2		7.7
Financial and Nonfinancial Liabilities, Fair Value Disclosure	2.8		0.4
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	3.1		8.4
Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets	11.8		13.1
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4.6		4.6
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		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, Fair Value Disclosure	4.6	[1]	4.6	[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, Fair Value Disclosure	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		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, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	27.1		24.6
Financial and Nonfinancial Liabilities, Fair Value Disclosure	8.0		12.2
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, Fair Value Disclosure	10.3	[1]	16.9	[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, Fair Value Disclosure	4.6
Financial and Nonfinancial Liabilities, Fair Value Disclosure	5.2		11.8
Fair Value, Inputs, Level 2 [Member] | Foreign Currency Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	12.2		7.7
Financial and Nonfinancial Liabilities, Fair Value Disclosure	2.8		0.4
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		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, Fair Value Disclosure	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, Fair Value Disclosure	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		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, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 0		$ 0

[1] The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($3.1 million and $8.4 million as of March 31, 2015 and December 31, 2014, respectively) and other assets ($11.8 million and $13.1 million as of March 31, 2015 and December 31, 2014, respectively).

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014
Reduction of unrecognized tax benefits	$ (8.0)
Venezuela Tax Effect Impact Due to Devaluation	13.9
Venezuela Pretax Exchange Loss Upon Adoption of SICAD I Rate	$ 38.7

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Restructuring Costs (Schedule Of Restructuring Costs Recognized By Segment) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Restructuring costs	$ 27.3		$ 12.0
Writing [Member]
Restructuring costs	2.8		0.9
Home Solutions [Member]
Restructuring costs	4.8		0.4
Tools [Member]
Restructuring costs	0		0.9
Commercial Products [Member]
Restructuring costs	0.5		3.1
Baby & Parenting Segment [Member]
Restructuring costs	0		0.3
Corporate [Member]
Restructuring Reserve, Accrual Adjustment			(1.5)
Restructuring costs	$ 19.2	[1]	$ 6.4	[1]

[1] Includes adjustments of $1.5 million for the three months ended March 31, 2014, relating to previous restructuring projects that had the impact of decreasing restructuring costs.

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Discontinued Operations

3 Months Ended

Mar. 31, 2015

Discontinued Operations [Abstract]

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

Discontinued Operations

During 2014, the Company’s Endicia^® and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. The Endicia business was included in the Writing segment, and the Culinary electrics and retail businesses were included in the Home Solutions segment. During the three months ended March 31, 2015, the Company announced it entered into an agreement to sell Endicia for an estimated purchase price of $215.0 million, subject to customary working capital adjustments. The transaction is expected to close by the end of 2015, subject to customary conditions, including regulatory approvals. During the three months ended March 31, 2015, the Company ceased operations in its Culinary electrics and retail businesses. The net assets of the Endicia and Culinary electrics and retail businesses at March 31, 2015 were $43.8 million, primarily representing goodwill of Endicia.

The following table provides a summary of amounts included in discontinued operations (in millions):

	Three Months Ended
	March 31,
	2015			2014
Net sales	$	17.3		$	20.0
Loss from discontinued operations before income taxes	$	(4.4	)	$	(0.6	)
Income tax benefit	(1.6		)	(0.2		)
Loss from discontinued operations	(2.8		)	(0.4		)
Net gain from sales of discontinued operations, net of tax (1)	—			1.5
(Loss) income from discontinued operations, net of tax	$	(2.8	)	$	1.1

(1) Includes pretax gains of $2.2 million (related tax expense of $0.7 million) for the three months ended March 31, 2014.

In May 2015, the Company announced its intention to divest the Rubbermaid medical cart business, which is focused on optimizing nurse work flow and medical records processing in hospitals. The Rubbermaid medical cart business does not qualify as discontinued operations pursuant to the guidance in ASU 2014-08, so the Company has and will continue to include the Rubbermaid medical cart business in continuing operations until the business is sold. The Rubbermaid medical cart business generated approximately 1% of the Company’s consolidated net sales for the year ended December 31, 2014.

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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
	Mar. 31, 2015		Mar. 31, 2014
Computation of Earnings Per Share [Line Items]
INCOME FROM CONTINUING OPERATIONS	$ 56.9		$ 51.8
(Loss) income from Discontinued Operations, Net of Tax	(2.8)		1.1
NET INCOME	54.1		52.9
Dividends and equivalents for share-based awards expected to be forfeited	0		0
Net income for basic and diluted earnings per share	$ 54.1		$ 52.9
Weighted-average shares outstanding	268.9		278.8
Share-based payment awards classified as participating securities	1.6		2.1
Denominator for basic earnings per share	270.5		280.9
Dilutive securities	2.2	[1]	2.9	[1]
Denominator for diluted earnings per share	272.7		283.8
Income from Continuing Operations, Per Basic Share	$ 0.21		$ 0.18
(Loss) Income from Discontinued Operations, Net of Tax, Per Basic Share	$ (0.01)		$ 0.00
Basic earnings per share	$ 0.20		$ 0.19
Income from Continuing Operations, Per Diluted Share	$ 0.21		$ 0.18
(Loss) Income from Discontinued Operations, Net of Tax, Per Diluted Share	$ (0.01)		$ 0.00
Diluted earnings per share	$ 0.20		$ 0.19
Antidilutive securities excluded from computation of EPS	0.6		0.6
Employee Stock Option [Member]
Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS			0.1

[1] 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 0.1 million stock options for the three months ended March 31, 2014, because such options were anti-dilutive. The weighted-average shares outstanding for the three months ended March 31, 2015 and 2014 each exclude the weighted average effect of 0.6 million performance stock units outstanding because the securities were anti-dilutive.

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Restructuring Costs (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended	75 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2011	Dec. 31, 2017
Cash paid for restructuring activities	$ 14.7	$ 30.8
Project Renewal [Member]
Number of Global Business Units in 2011			13
Number of Business Segments	5
Expected completion year				Dec. 31, 2017
Project Renewal 2015 Expansion [Member]
Expected cumulative restructuring and other costs	150.0
Restructuring and Restructuring Related Cost, Expected Cash Cost	135
Minimum [Member] | Project Renewal [Member]
Expected cumulative restructuring and other costs	690.0
Restructuring and Restructuring Related Cost, Expected Cash Cost	645
Restructuring Costs as a percentage of total costs	65.00%
Minimum [Member] | Project Renewal 2015 Expansion [Member]
Restructuring Costs	125.0
Maximum [Member] | Project Renewal [Member]
Expected cumulative restructuring and other costs	725.0
Restructuring and Restructuring Related Cost, Expected Cash Cost	675
Restructuring Costs as a percentage of total costs	75.00%
Maximum [Member] | Project Renewal 2015 Expansion [Member]
Restructuring Costs	$ 135.0

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Debt (Tables)

3 Months Ended

Mar. 31, 2015

Long-term Debt, Other Disclosures [Abstract]

Summary Of Outstanding Debt

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

	March 31, 2015			December 31, 2014
Medium-term notes	$	2,099.3		$	2,089.5
Commercial paper	477.1			28.0
Receivables facility	250.0			350.0
Other debt	8.1			14.4
Total debt	2,834.5			2,481.9
Short-term debt	(733.9		)	(390.7		)
Current portion of long-term debt	(6.5		)	(6.7		)
Long-term debt	$	2,094.1		$	2,084.5

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Inventories, Net (Tables)

3 Months Ended

Mar. 31, 2015

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):

	March 31, 2015		December 31, 2014
Materials and supplies	$	143.4	$	117.9
Work in process	124.7		104.5
Finished products	584.2		486.1
	$	852.3	$	708.5

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Derivatives (Cash Flow Hedges Reclassified From AOCI) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Amount of Gain (Loss) Reclassified from AOCI to Income	$ 4.1	$ 1.7
Foreign Exchange Contract on Inventory-Related Purchases [Member] | Cost of Products Sold [Member]
Amount of Gain (Loss) Reclassified from AOCI to Income	4.3	1.9
Forward Interest Rate Swaps [Member] | Interest Expense, Net [Member]
Amount of Gain (Loss) Reclassified from AOCI to Income	$ (0.2)	$ (0.2)

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Restructuring Costs (Schedule Of Restructuring Costs Recognized) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		36 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Restructuring costs	$ 27.3	$ 12.0
Project Renewal [Member]
Restructuring costs	27.3	13.5	263.3
Project Renewal [Member] | Facility Exit Costs and Other [Member]
Restructuring costs	0.3	1.2	21.2
Project Renewal [Member] | Employee Severance, Termination Benefits And Relocation Costs [Member]
Restructuring costs	18.9	10.9	185.0
Project Renewal [Member] | Contract Termination [Member]
Restructuring costs	$ 8.1	$ 1.4	$ 57.1

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Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 and December 31, 2014 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	March 31, 2015		December 31, 2014		Balance Sheet Location	March 31, 2015		December 31, 2014
Interest rate swaps	Other assets	$	4.6	$	—	Other noncurrent liabilities	$	5.2	$	11.8
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other and other assets	11.6		7.7		Other accrued liabilities	2.8		0.4
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	0.6		—		Other accrued liabilities	—		—
Total assets		$	16.8	$	7.7	Total liabilities	$	8.0	$	12.2

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
		March 31,
		2015			2014
Interest rate swaps	Interest expense, net	$	11.2		$	5.3
Fixed-rate debt	Interest expense, net	$	(11.2	)	$	(5.3	)

Cash Flow Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

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 accumulated other comprehensive income (loss) (“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
		March 31,
		2015			2014
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	4.3		$	1.9
Forward interest rate swaps	Interest expense, net	(0.2		)	(0.2		)
		$	4.1		$	1.7

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	Three Months Ended
	March 31,
	2015		2014
Foreign exchange contracts on inventory-related purchases	$	5.8	$	2.7
Foreign exchange contracts on intercompany borrowings	2.6		—
	$	8.4	$	2.7

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Employee Benefit And Retirement Plans (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, (in millions):

	U.S.						International
	2015			2014			2015			2014
Service cost-benefits earned during the period	$	0.8		$	1.0		$	1.5		$	1.5
Interest cost on projected benefit obligation	10.3			11.3			5.0			6.4
Expected return on plan assets	(14.4		)	(14.4		)	(5.7		)	(6.7		)
Amortization of prior service cost, actuarial loss and other	6.8			6.1			0.9			0.8
Net periodic pension cost	$	3.5		$	4.0		$	1.7		$	2.0

The following table presents the components of the Company’s other postretirement benefit costs for the three months ended March 31, (in millions):

	Three Months Ended
	March 31,
	2015			2014
Service cost-benefits earned during the period	$	0.1		$	0.3
Interest cost on projected benefit obligation	0.8			1.2
Amortization of prior service benefit and actuarial gains	(1.9		)	(1.6		)
Net other postretirement benefit cost (benefit)	$	(1.0	)	$	(0.1	)

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Acquisitions (Notes)

3 Months Ended

Mar. 31, 2015

Business Acquisitions [Abstract]

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

Acquisitions

Ignite

On September 4, 2014, the Company acquired 100% of Ignite Holdings, LLC (“Ignite”) for $312.9 million, which is net of $7.2 million of cash acquired. The Ignite acquisition was accounted for using the purchase method of accounting. The Company has allocated $16.7 million of the purchase price to identified tangible and monetary net assets and $151.6 million to identified intangible assets. The Company has recorded the excess of the purchase price over the aggregate fair values of identifiable assets of $144.6 million as goodwill. Approximately $105.5 million of the goodwill is expected to be tax deductible. The final purchase price is subject to post-closing adjustments for certain contractual obligations and other matters. Ignite’s results of operations are included in the Company’s Condensed Consolidated Statements of Operations since the acquisition date, including net sales of $33.0 million for the three months ended March, 31, 2015. Pro forma results of operations of the Company would not be materially different as a result of the acquisition and therefore are not presented.

bubba

On October 22, 2014, the Company acquired substantially all of the assets of bubba brands, inc. (“bubba”) for $82.9 million. The bubba acquisition was accounted for using the purchase method of accounting. The Company has allocated $10.6 million of the purchase price to identified tangible and monetary net assets and $41.0 million to identified intangible assets. The Company has recorded the excess of the purchase price over the aggregate fair values of identifiable assets of $31.3 million as goodwill. All of the goodwill is expected to be tax deductible. The final purchase price is subject to post-closing adjustments for certain contractual obligations and other matters. bubba’s results of operations are included in the Company’s Condensed Consolidated Statements of Operations since the acquisition date, including net sales of $15.4 million for the three months ended March 31, 2015. Pro forma results of operations of the Company would not be materially different as a result of the acquisition and therefore are not presented.

Baby Jogger

On December 15, 2014, the Company acquired 100% of Baby Jogger Holdings, Inc. (“Baby Jogger”) for net cash consideration of $208.5 million, which includes $2.0 million of net cash consideration paid during the three months ended March 31, 2015 pursuant to the purchase agreement and in consideration of working capital adjustments and other matters. The Baby Jogger acquisition was accounted for using the purchase method of accounting. Based on the preliminary purchase price allocation, which is subject to change while the Company obtains a final third-party valuation, the Company allocated $13.9 million of the purchase price to identified tangible and monetary net assets, $22.1 million to deferred tax liabilities and $136.0 million to identified intangible assets. Approximately $112.0 million was allocated to an indefinite-lived intangible asset, and approximately $24.0 million was allocated to definite-lived intangible assets with a weighted-average life of 5 years. The indefinite-lived intangible asset represents the acquired Baby Jogger trade name and the acquired City Mini^® and City Select^® sub-brands. The Company recorded the excess of the purchase price over the aggregate fair values of identifiable assets of $80.7 million as goodwill. Approximately $27.9 million of the goodwill is expected to be tax deductible. The final purchase price is subject to post-closing adjustments for certain contractual obligations and other matters. Baby Jogger’s results of operations are included in the Company’s Condensed Consolidated Statements of Operations since the acquisition date, including net sales of $18.2 million for the three months ended March 31, 2015. Pro forma results of operations of the Company would not be materially different as a result of the acquisition and therefore are not presented.

The Company incurred $1.7 million of acquisition and integration costs associated with the Ignite, bubba and Baby Jogger acquisitions during the three months ended March 31, 2015, of which $1.5 million is included in cost of products sold and $0.2 million is included in selling, general and administrative expenses in the Company’s Condensed Consolidated Statement of Operations for the three months ended March 31, 2015.

The pro forma net sales for the three months ended March 31, 2014 as if the Ignite, bubba and Baby Jogger acquisitions occurred on January 1, 2014 are $1.27 billion. The pro forma net income and earnings per share for the three months ended March 31, 2014 reflecting the inclusion of the acquisitions, individually and in the aggregate, as if such acquisitions occurred on January 1, 2014 would not be materially different than reported results for the three months ended March 31, 2014 and therefore are not presented.

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
	2015			2014
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	56.9		$	51.8
(Loss) income from discontinued operations	(2.8		)	1.1
Net income	$	54.1		$	52.9
Dividends and equivalents for share-based awards expected to be forfeited	—			—
Net income for basic and diluted earnings per share	$	54.1		$	52.9
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	268.9			278.8
Share-based payment awards classified as participating securities	1.6			2.1
Denominator for basic earnings per share	270.5			280.9
Dilutive securities (1)	2.2			2.9
Denominator for diluted earnings per share	272.7			283.8
Basic earnings per share:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19
Diluted earnings per share:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19

(1) 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 0.1 million stock options for the three months ended March 31,2014, because such options were anti-dilutive. The weighted-average shares outstanding for the three months ended March 31,2015 and 2014 each exclude the weighted average effect of 0.6 million performance stock units outstanding because the securities were anti-dilutive.

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Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	30 Months Ended	3 Months Ended	44 Months Ended
	Jan. 31, 2014	Mar. 31, 2015	Mar. 31, 2015
Stock Repurchase Program, Period in Force	3 years
Share Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount		$ 1,100.0	$ 1,100.0
Stock Repurchased and Retired During Period, Shares		1.9	26.3
Stock Repurchased and Retired During Period, Value		73.6	693.9
Share Repurchase Plan (Remaining) [Member]
Stock Repurchase Program, Remaining Value Authorized to be Repurchased		$ 362.8	$ 362.8

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Derivatives (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Changes in Fair Value of Derivatives Not Designated As Hedges, Immaterial Assertion	not material
Fair Value Of Non Hedge Derivatives Immaterial Assertion	0
Fair value hedge ineffectiveness	0
Cash flow hedge ineffectiveness	0
Cash Flow Hedge Income to be Reclassified within Twelve Months	$ 8.1

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Condensed Consolidated Statements Of Operations (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net sales	$ 1,264.0	$ 1,214.3
Cost of products sold	776.5	757.3
GROSS MARGIN	487.5	457.0
Selling, general and administrative expenses	362.0	340.3
Restructuring costs	27.3	12.0
OPERATING INCOME	98.2	104.7
Nonoperating expenses:
Interest expense, net	19.2	14.4
Other expense, net	0.1	40.0
Net nonoperating expenses	19.3	54.4
INCOME BEFORE INCOME TAXES	78.9	50.3
Income Tax Expense	22.0	(1.5)
INCOME FROM CONTINUING OPERATIONS	56.9	51.8
(Loss) income from Discontinued Operations, Net of Tax	(2.8)	1.1
NET INCOME	$ 54.1	$ 52.9
Weighted average shares outstanding:
Basic	270.5	280.9
Diluted	272.7	283.8
Earnings per share:
Income from Continuing Operations, Per Basic Share	$ 0.21	$ 0.18
(Loss) Income from Discontinued Operations, Net of Tax, Per Basic Share	$ (0.01)	$ 0.00
Net income, Per Basic Share	$ 0.20	$ 0.19
Income from Continuing Operations, Per Diluted Share	$ 0.21	$ 0.18
(Loss) Income from Discontinued Operations, Net of Tax, Per Diluted Share	$ (0.01)	$ 0.00
Net income, Per Diluted Share	$ 0.20	$ 0.19
Dividends per share	$ 0.19	$ 0.15

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Restructuring Costs (Restructuring Reserves By Cost Type) (Details) (Project Renewal [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Beginning Balance	$ 40.3
Restructuring Reserve, Period Increase (Decrease)	27.3
Costs Incurred	(16.4)
Ending Balance	51.2
Facility Exit Costs and Other [Member]
Beginning Balance	0
Restructuring Reserve, Period Increase (Decrease)	0.3
Costs Incurred	(0.3)
Ending Balance	0
Employee Severance, Termination Benefits And Relocation Costs [Member]
Beginning Balance	22.8
Restructuring Reserve, Period Increase (Decrease)	18.9
Costs Incurred	(5.5)
Ending Balance	36.2
Contract Termination [Member]
Beginning Balance	17.5
Restructuring Reserve, Period Increase (Decrease)	8.1
Costs Incurred	(10.6)
Ending Balance	$ 15.0

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES:
NET INCOME	$ 54.1	$ 52.9
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	42.2	38.1
Net (gain) loss from sale of discontinued operations	0	(2.2)
Deferred income taxes	17.9	14.6
Non-cash restructuring costs	0	1.0
Stock-based compensation expense	6.8	7.0
Other, net	5.5	45.0
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	170.0	130.5
Inventories	(164.8)	(115.8)
Accounts payable	(38.7)	(16.1)
Accrued liabilities and other	(247.3)	(247.1)
NET CASH USED IN OPERATING ACTIVITIES	(154.3)	(92.1)
INVESTING ACTIVITIES:
Proceeds from sales of discontinued operations and noncurrent assets	4.0	0
Acquisitions and acquisition-related activity	(2.0)	0
Capital expenditures	(50.9)	(31.9)
Other	(0.2)	(0.3)
NET CASH USED IN INVESTING ACTIVITES	(49.1)	(32.2)
FINANCING ACTIVITIES:
Short-term borrowings, net	343.4	144.9
Payments for Repurchase and Retirement of Common Stock	(73.6)	(44.4)
Cash dividends	(53.2)	(42.9)
Excess tax benefits related to stock-based compensation	15.2	5.6
Other, net	(13.6)	10.7
NET CASH PROVIDED BY FINANCING ACTIVITIES	218.2	73.9
Currency rate effect on cash and cash equivalents	1.2	(39.1)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	16.0	(89.5)
Cash and cash equivalents at beginning of period	199.4	226.3
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 215.4	$ 136.8

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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
	Mar. 31, 2015	Mar. 31, 2014
United States Pension Plan of US Entity [Member]
Service cost-benefits earned during the period	$ 0.8	$ 1.0
Interest cost on projected benefit obligation	10.3	11.3
Expected return on plan assets	(14.4)	(14.4)
Amortization of Prior Service Cost (Benefit) and Actuarial Losses (Gains), Net	6.8	6.1
Net periodic pension cost	3.5	4.0
International [Member]
Service cost-benefits earned during the period	1.5	1.5
Interest cost on projected benefit obligation	5.0	6.4
Expected return on plan assets	(5.7)	(6.7)
Amortization of Prior Service Cost (Benefit) and Actuarial Losses (Gains), Net	0.9	0.8
Net periodic pension cost	$ 1.7	$ 2.0

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting Information, Additional Information [Abstract]

Schedule Of Company's Reportable Segments

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; labeling solutions
Home Solutions	Rubbermaid®, Contigo®,bubba®, Calphalon®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; durable beverage containers; gourmet cookware, bakeware and cutlery; window treatments; hair care accessories
Tools	Irwin®, Lenox®, hilmor™, Dymo® Industrial	Hand tools and power tool accessories; industrial bandsaw blades; tools for HVAC systems; label makers and printers 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®, Baby Jogger®, Aprica®, Teutonia®	Infant and juvenile products such as car seats, strollers, highchairs and playards

During 2014, the Company’s Endicia^®and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. Accordingly, the results of operations of these businesses have been classified as discontinued operations for all periods presented. The Endicia business was included in the Writing segment, and the Culinary businesses were included in the Home Solutions segment. As a result of these changes, the segment information in this footnote and Footnote 5 pertaining to restructuring have been presented to reflect the impacts of classifying the Endicia and Culinary electrics and retail businesses as discontinued operations.

Schedule of Segment Reporting Information, by Segment

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

	Three Months Ended
	March 31,
	2015			2014
Net Sales (1)
Writing	$	341.8		$	348.2
Home Solutions	364.5			316.4
Tools	180.4			187.8
Commercial Products	185.2			182.6
Baby & Parenting	192.1			179.3
	$	1,264.0		$	1,214.3
Operating Income (Loss) (2)
Writing	$	82.4		$	76.1
Home Solutions	38.5			26.8
Tools	22.2			21.4
Commercial Products	17.0			13.8
Baby & Parenting	0.5			5.4
Restructuring costs	(27.3		)	(12.0		)
Corporate	(35.1		)	(26.8		)
	$	98.2		$	104.7

Schedule of Assets by Reportable Segment [Table Text Block]

	March 31, 2015		December 31, 2014
Identifiable Assets
Writing	$	959.4	$	981.9
Home Solutions	806.3		806.4
Tools	592.0		605.0
Commercial Products	362.6		375.1
Baby & Parenting	469.8		481.0
Corporate (3)	3,414.5		3,431.7
	$	6,604.6	$	6,681.1

Schedule Of Geographic Area Information

Geographic Area Information

	Three Months Ended
	March 31,
(in millions)	2015		2014
Net Sales (1), (4)
United States	$	917.2	$	813.5
Canada	46.2		53.1
Total North America	963.4		866.6
Europe, Middle East and Africa	127.6		163.9
Latin America	89.4		92.0
Asia Pacific	83.6		91.8
Total International	300.6		347.7
	$	1,264.0	$	1,214.3
Operating Income (Loss) (2), (5)
United States	$	76.5	$	65.7
Canada	5.3		10.4
Total North America	81.8		76.1
Europe, Middle East and Africa	8.6		14.8
Latin America	4.7		10.8
Asia Pacific	3.1		3.0
Total International	16.4		28.6
	$	98.2	$	104.7

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 9.6% and 10.1% of consolidated net sales in the three months ended March 31, 2015 and 2014, 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
	March 31,
	2015		2014
Restructuring Costs
United States	$	10.4	$	7.9
Canada	3.0		0.1
Total North America	13.4		8.0
Europe, Middle East and Africa	11.7		2.8
Latin America	0.6		0.1
Asia Pacific	1.6		1.1
Total International	13.9		4.0
	$	27.3	$	12.0

Schedules of Restructuring Costs by Geographic Region [Table Text Block]

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

	Three Months Ended
	March 31,
	2015		2014
Restructuring Costs
United States	$	10.4	$	7.9
Canada	3.0		0.1
Total North America	13.4		8.0
Europe, Middle East and Africa	11.7		2.8
Latin America	0.6		0.1
Asia Pacific	1.6		1.1
Total International	13.9		4.0
	$	27.3	$	12.0

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Restricted Stock And Restricted Stock Units (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Share-based Compensation [Abstract]
Outstanding at Beginning of Period, Shares	3.7
Granted, Shares	0.9
Vested, Shares	(1.1)
Forfeited, Shares	(0.2)
Outstanding at End of Period, Shares	3.3
Outstanding at Beginning of Period, Weighted-Average Grant date Fair Value	$ 26
Granted, Weighted-Average Grant Date Fair Value	$ 40
Vested, Weighted-Average Grant Date Fair Value	$ 20
Forfeited, Weighted-Average Grant Date Fair Value	$ 28
Outstanding at End of Period, Weighted-Average Grant date Fair Value	$ 31

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Litigation And Contingencies

3 Months Ended

Mar. 31, 2015

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.

The Company, using current product sales data and historical trends, actuarially calculates the estimate of its exposure for product liability. The Company had product liability reserves of $32.9 million and $33.6 million as of March 31, 2015 and December 31, 2014, 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.

Recall of Harness Buckles on Select Car Seats

In February 2014, Graco, a subsidiary of the Company, announced a voluntary recall in the U.S. of harness buckles used on approximately 4 million toddler car seats manufactured between 2006 and 2013. As a result of the recall, substantially all affected car seats which were at retail locations or in customer warehouses have been reworked in the field or returned to the Company for rework. In July 2014, Graco announced that it had agreed to expand the recall to include certain infant car seats manufactured between July 2010 and May 2013. There have been no reported injuries associated with the recalled harness buckles used on these toddler or infant car seats. In December 2014, the National Highway Traffic Safety Administration (“NHTSA”) announced that it opened an investigation into the timeliness of the recall, and in March 2015, the investigation concluded with Graco entering into a consent order with NHTSA pursuant to which Graco committed to spend $7.0 million in total over a five-year period to enhance child passenger safety and make a $3.0 million payment to NHTSA in the second quarter of 2015. The Company recorded the $10.0 million of costs associated with the consent order in the three months ended March 31, 2015.

Environmental Matters

The Company is 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 March 31, 2015 ranged between $22.3 million and $27.6 million. As of March 31, 2015, the Company had a reserve of $23.8 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 reserves, 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 $17.0 million by applying a 5% discount rate to undiscounted obligations of $24.0 million.

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 its subsidiaries, Goody Products, Inc. and Berol Corporation (the “Company Parties”), have taken over the performance of the remedial investigation (“RI”) and feasibility study (“FS”) for the Lower Passaic River. On April 11, 2014, while work on the RI/FS remained underway, U.S. EPA issued a Source Control Early Action Focused Feasibility Study (“FFS”), which proposes four alternatives for remediation of the lower 8 miles of the Lower Passaic River. U.S. EPA’s cost estimates for its cleanup alternatives range from $315 million to approximately $3.2 billion in capital costs plus from $0.5 million to $1.8 million in annual maintenance costs for 30 years, with its preferred alternative carrying an estimated cost of approximately $1.7 billion plus an additional $1.6 million in annual maintenance costs for 30 years. The public comment period concluded August 2014, and the U.S. EPA is expected to issue its final Record of Decision in 2015. In February 2015, the participating parties submitted to the U.S. EPA a draft RI, followed by submission of a draft FS in April 2015. The draft FS sets forth various alternatives for remediating the lower 17 miles of the Passaic River, ranging from a “no action” alternative, to targeted remediation of locations along the entire lower 17 mile stretch of the river, to remedial actions consistent with the U.S. EPA’s preferred alternative as set forth in the FFS for the lower 8 miles coupled with monitored natural recovery and targeted remediation in the upper 9 miles. The estimated cost estimates for these alternatives range from approximately $28 million to $2.7 billion, including related operation maintenance and monitoring costs. U.S. EPA has indicated that it will seek to have the parties fund the cleanup, but at this time, it is unclear how the cost of any cleanup would be allocated among any of the parties, including the Company Parties, or any other entities. The site is also subject to a Natural Resource Damage Assessment.

Given the uncertainties pertaining to this matter, including that U.S. EPA is still reviewing the draft RI and FS, that the ultimate remediation has not yet been determined, that the parties have not agreed upon a final allocation for the investigation and any ultimate remediation, and that there exists the potential for further litigation regarding costs and cost sharing, the extent to which the Company Parties may be held liable or responsible is not yet known. Accordingly, it is not possible at this time 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, including, among other factors, because the Company Parties’ facilities are not even 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, 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 consolidated financial statements, except as otherwise described above.

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Other Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2015

Accrued Liabilities [Abstract]

Other Accrued Liabilities

Other accrued liabilities included the following (in millions):

	March 31, 2015		December 31, 2014
Customer accruals	$	225.8	$	316.0
Accruals for manufacturing, marketing and freight expenses	80.3		86.1
Accrued self-insurance liabilities	54.0		55.8
Accrued pension, defined contribution and other postretirement benefits	24.5		36.6
Accrued contingencies, primarily legal, environmental and warranty	34.2		27.8
Accrued restructuring (See Footnote 5)	60.9		46.1
Other	108.7		90.9
Other accrued liabilities	$	588.4	$	659.3

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Derivatives (Policies)

3 Months Ended

Mar. 31, 2015

Derivative [Line Items]

Derivatives, Policy [Policy Text Block]

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 primarily uses derivatives to manage its interest rate exposure, to achieve a desired proportion of variable and fixed-rate debt, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and to manage changes in fair value resulting from changes in foreign currency exchange rates.

The Company enters into interest rate swaps related to existing 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. These derivatives are designated as cash flow hedges.

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 three years 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 assets and liabilities, such as forward contracts and other instruments that hedge cash flows associated with intercompany financing activities. Hedging instruments are not available for certain currencies in countries in which the Company has operations. In these cases, the Company uses alternative means in an effort to achieve an economic offset to the local currency exposure such as invoicing and/or paying intercompany and third party transactions in U.S. Dollars.

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.

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Fair Value Disclosures (Fair Value Of Certain Financial Instruments) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Medium-term notes at Fair Value	$ 2,205.1	$ 2,154.4
Medium-term notes at Book Value	$ 2,099.3	$ 2,089.5

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Basis Of Presentation And Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

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 of 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 (including normal recurring accruals) considered necessary for a fair presentation of the financial position and the results of operations of the Company. 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 most recent 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 approximately 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 90% 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, customer program payments, working capital requirements and credit terms provided to customers. Accordingly, the Company’s results for the three months ended March 31, 2015 may not necessarily be indicative of the results that may be expected for the full year ending December 31, 2015.

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 April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” Under ASU 2014-08, only disposals representing a strategic shift in operations that have a major effect on the Company’s operations and financial results are presented as discontinued operations. This guidance requires expanded disclosure that provides information about the assets, liabilities, income and expenses of discontinued operations. Additionally, the guidance requires additional disclosure for a disposal of a significant part of an entity that does not qualify for discontinued operations reporting. The Company adopted ASU 2014-08 on January 1, 2015, and the adoption did not impact the Company’s financial statements and disclosures. As required by ASU 2014-08, the businesses classified as discontinued operations as of December 31, 2014 continued to be classified as such after January 1, 2015.

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers. Accounting Standard Codification 605 — Revenue Recognition.” ASU 2014-09 supersedes the revenue recognition requirements in “Accounting Standard Codification 605 — Revenue Recognition” and most industry-specific guidance. ASU 2014-09 requires that entities recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for fiscal years beginning after December 15, 2016. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company is currently assessing the impact ASU 2014-09 will have on its financial position and results of operations.

In January 2015, the FASB issued ASU No. 2015-01, “Income Statement—Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” which simplifies income statement presentation by eliminating the concept of extraordinary items. Previously, events or transactions that were both unusual in nature and infrequent in occurrence for a business entity were considered to be extraordinary items and required separate presentation, net of tax, after income from continuing operations. The presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual and infrequently occurring. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company has not adopted ASU 2015-01, but the adoption of ASU 2015-01 is not expected to have a material impact on the Company’s results of operations, cash flows or financial position.

In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs,” which changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company has not adopted ASU 2015-03, but the adoption of ASU 2015-03 is expected to reduce the Company’s long-term assets and long-term debt by approximately $18.0 million upon adoption.

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 accounts for its Venezuelan operations using highly inflationary accounting, and therefore, the Company remeasures assets, liabilities, sales and expenses denominated in Bolivar Fuertes (“Bolivars”) into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments are included in earnings.

Beginning in July 2013, the Venezuelan government authorized certain companies that operate in designated industry sectors to exchange a limited volume of Bolivars for U.S. Dollars at a bid rate established via weekly auctions under a system referred to as “SICAD I.” During the first quarter of 2014, the government expanded the types of transactions that may be subject to the weekly SICAD I auction process while retaining the official rate of 6.3 Bolivars per U.S. Dollar and introduced another currency exchange mechanism (“SICAD II”). The SICAD II rate was intended to more closely resemble a market-driven exchange rate than the official rate and SICAD I. The SICAD I and SICAD II rates were in addition to the official rate of 6.3 Bolivars to U.S. Dollar used to settle certain transactions, including the import of essential goods, through the National Center of Foreign Trade (“CENCOEX”). As a result of these changes, an entity could have converted Bolivars to U.S. Dollars at one or more of three legal exchange rates, which as of March 31, 2014, were 6.3 (official rate), 10.7 (SICAD I) and 49.8 (SICAD II). The Company analyzed the multiple rates available and the Company's estimates of the applicable rate at which future transactions could be settled and dividends could be paid. Based on this analysis, as of March 31, 2014, the Company determined that the SICAD I rate was the most appropriate rate to use for remeasurement. Therefore, as of March 31, 2014, the Company remeasured the net monetary assets of its Venezuelan operations using an exchange rate of 10.7 Bolivars per U.S. Dollar and recorded a foreign exchange loss of $38.7 million during the three months ended March 31, 2014 associated with remeasuring the Venezuelan operation’s net monetary assets denominated in Bolivars.

In February 2015, the Venezuelan government announced changes in its foreign currency exchange system. The official rate of 6.3 Bolivars per U.S. Dollar is expected to continue to be made available for purchases of essential goods. The SICAD I exchange mechanism became known as SICAD. There were no known SICAD auctions conducted during the three months ended March 31, 2015, and the Company last participated in a SICAD auction in the fourth quarter of 2014. The SICAD II market has been eliminated, and a new alternative currency market, the Foreign Exchange Marginal System (“SIMADI”) has been created. The SIMADI market is intended to have a floating exchange rate determined by market participants, and as of March 31, 2015, the SIMADI exchange rate was 193 Bolivars per U.S. Dollar. The Company remeasures its Venezuelan operation’s financial results at the rate at which it expects to settle future transactions and remit future dividends which, based on the advice of legal counsel, is currently the SICAD rate. As a result, the Company continued to use the exchange rate applicable in the last SICAD auction of 12.0 Bolivars per U.S. Dollar to remeasure the results of its Venezuelan operations for the three months ended March 31, 2015.

The results of the Company’s Venezuelan operations have been included in the Company’s consolidated financial statements for all periods presented, as the Company has been able to exchange Bolivars for a sufficient amount of U.S. Dollars in the SICAD auctions to fund its Venezuelan operations. While the Company will continue to assess the impact, if any, of the changes to the Venezuela foreign currency exchange system, if the Company is unable to obtain sufficient U.S. Dollars from CENCOEX or the SICAD market to fund its requirements for imported goods and instead needs to access the SIMADI market, it would significantly impact the Company’s Venezuelan operations which would adversely impact the Company’s results of operations.

As of March 31, 2015, the Company’s Venezuelan operations had approximately $57.8 million in Bolivar-denominated net monetary assets, including $52.9 million of cash and cash equivalents. In future periods, foreign exchange gains (losses) arising due to the appreciation (depreciation) of the Bolivar versus the U.S. Dollar will result in benefits (charges) based on the change in value of the Bolivar-denominated net monetary assets. During the three months ended March 31, 2015 and 2014, the Company’s Venezuelan operations generated less than 2% of consolidated net sales using the applicable exchange rate for each period (CENCOEX for the three months ended March 31, 2014 and SICAD for the three months ended March 31, 2015).

The Company is unable to predict with certainty whether future devaluations will occur because of economic and political uncertainty in Venezuela. If the Bolivar devalues further or if the Company is able to access currency at different rates that are reasonable to the Company, it could result in additional foreign currency exchange losses, and such devaluations could adversely affect the Company’s future financial results. Despite the additional currency conversion mechanisms, the Company’s ability to pay dividends from Venezuela is still restricted due to the low volume of U.S. Dollars available for conversion.

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, including the reversal of valuation allowances, which may cause significant variations in the customary relationship between income tax expense (benefit) and pretax income (loss) in quarterly periods. The income tax expense (benefit) for such unusual and/or infrequent items is recorded in the quarterly period such items are incurred.

The Company routinely reviews valuation allowances recorded against deferred tax assets on a more likely than not basis in evaluating whether the Company has the ability to realize the deferred tax assets. In making such a determination, the Company takes into consideration all available and appropriate positive and negative evidence, including projected future taxable income, future reversals of existing taxable temporary differences, available tax planning strategies and taxable income in prior carryback years, if available. Considering these factors, a possibility exists that the Company may record or release a portion of a valuation allowance against some deferred tax assets each quarterly period, which could create volatility in the Company’s future effective tax rate.

Reclassifications

Certain 2014 amounts have been reclassified to conform to the 2015 presentation.

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Condensed Consolidated Statements Of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
NET INCOME	$ 54.1		$ 52.9
Other Comprehensive (Loss) Income, Foreign Currency Transaction and Translation Adjustment, Net of Tax	(105.5)		5.9
Other Comprehensive Income, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	11.2		2.8
Other Comprehensive Income, Derivatives Qualifying as Hedges, Net of Tax	1.1		0.8
Other Comprehensive (Loss) Income, Net of Tax	(93.2)		9.5
COMPREHENSIVE INCOME	$ (39.1)	[1]	$ 62.4	[1]

[1] Comprehensive income attributable to noncontrolling interests was not material.

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Earnings Per Share

3 Months Ended

Mar. 31, 2015

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 March 31,
	2015			2014
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	56.9		$	51.8
(Loss) income from discontinued operations	(2.8		)	1.1
Net income	$	54.1		$	52.9
Dividends and equivalents for share-based awards expected to be forfeited	—			—
Net income for basic and diluted earnings per share	$	54.1		$	52.9
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	268.9			278.8
Share-based payment awards classified as participating securities	1.6			2.1
Denominator for basic earnings per share	270.5			280.9
Dilutive securities (1)	2.2			2.9
Denominator for diluted earnings per share	272.7			283.8
Basic earnings per share:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19
Diluted earnings per share:
Income from continuing operations	$	0.21		$	0.18
(Loss) income from discontinued operations	$	(0.01	)	$	—
Net income	$	0.20		$	0.19

(1) 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 0.1 million stock options for the three months ended March 31,2014, because such options were anti-dilutive. The weighted-average shares outstanding for the three months ended March 31,2015 and 2014 each exclude the weighted average effect of 0.6 million performance stock units outstanding because the securities were anti-dilutive.

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Document and Entity Information Document In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Entity Information [Line Items]
Document Period End Date	Mar. 31, 2015
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 Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Filer Category	Large Accelerated Filer
Amendment Flag	false
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	268.7

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

Share-based Compensation [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The Company measures compensation cost for all stock awards at fair value on the date of grant and recognizes compensation cost, net of estimated forfeitures, over the requisite service period for awards expected to vest. The Company recognized $6.8 million and $7.0 million of pretax stock-based compensation expense during the three months ended March 31,2015 and 2014, respectively.

The following table summarizes the changes in the number of shares of common stock underlying outstanding stock options for the three months ended March 31, 2015 (in millions, except weighted-average exercise prices):

	Shares		Weighted-Average Exercise Price		Exercisable at Period End	Aggregate     Intrinsic     Value     Exercisable
Outstanding at December 31, 2014	2.6		$	19	2.6	$	49.1
Exercised	(0.5	)	24
Forfeited / expired	—		22
Outstanding at March 31, 2015	2.1		$	18	2.1	$	43.2

The following table summarizes the changes in the number of outstanding restricted stock units for the three months ended March 31, 2015 (shares in millions):

	Restricted Stock Units		Weighted-     Average Grant      Date Fair Value
Outstanding at December 31, 2014	3.7		$	26
Granted	0.9		40
Vested	(1.1	)	20
Forfeited	(0.2	)	28
Outstanding at March 31, 2015	3.3		$	31

During the three months ended March 31, 2015, the Company awarded 0.6 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 performance or 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 date depending on the level of achievement of the specified performance, market and service conditions. As of March 31, 2015, 1.8 million PSUs were outstanding, and based on performance through March 31, 2015, recipients of PSUs would be entitled to approximately 2.2 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.

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 215.4	$ 199.4
Accounts receivable, net	1,053.2	1,248.2
Inventories, net	852.3	708.5
Deferred income taxes	122.9	134.4
Prepaid expenses and other	179.2	136.1
TOTAL CURRENT ASSETS	2,423.0	2,426.6
PROPERTY, PLANT AND EQUIPMENT, NET	563.3	559.1
GOODWILL	2,474.6	2,546.0
OTHER INTANGIBLE ASSETS, NET	877.2	887.2
OTHER ASSETS	266.5	262.2
TOTAL ASSETS	6,604.6	6,681.1
CURRENT LIABILITIES:
Accounts payable	615.6	674.1
Accrued compensation	99.8	159.9
Other accrued liabilities	588.4	659.3
Short-term debt	733.9	390.7
Current portion of long-term debt	6.5	6.7
TOTAL CURRENT LIABILITIES	2,044.2	1,890.7
LONG-TERM DEBT	2,094.1	2,084.5
Deferred Tax Liabilities, Net, Noncurrent	231.1	220.4
OTHER NONCURRENT LIABILITIES	536.2	630.6
STOCKHOLDERS' EQUITY:
Preferred stock, none issued and outstanding	0	0
Common stock, outstanding shares, before treasury	288.9	288.7
Treasury stock, at cost	(519.0)	(493.1)
Additional paid-in capital	766.3	739.0
Retained earnings	2,046.9	2,111.2
Accumulated other comprehensive loss	(887.6)	(794.4)
STOCKHOLDERS' EQUITY ATTRIBUTABLE TO PARENT	1,695.5	1,851.4
STOCKHOLDERS' EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	3.5	3.5
TOTAL STOCKHOLDERS' EQUITY	1,699.0	1,854.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,604.6	$ 6,681.1

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Inventories, Net

3 Months Ended

Mar. 31, 2015

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):

	March 31, 2015		December 31, 2014
Materials and supplies	$	143.4	$	117.9
Work in process	124.7		104.5
Finished products	584.2		486.1
	$	852.3	$	708.5

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Restructuring Costs

3 Months Ended

Mar. 31, 2015

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

Restructuring Costs

Project Renewal

On April 29, 2015, the Company committed to a further expansion of Project Renewal (the “April 2015 Expansion”), a program initially launched in October 2011 to reduce the complexity of the organization and increase investment in growth platforms within the business. Under Project Renewal, the Company is simplifying and aligning its businesses around two key activities - Brand & Category Development and Market Execution & Delivery. Pursuant to the program, the Company eliminated its operating groups and consolidated 13 global business units into five business segments. Pursuant to an expansion of Project Renewal in October 2014, the Company is: (i) further streamlining its supply chain function, including reducing overhead and realigning the supply chain management structure; (ii) investing in value analysis and value engineering efforts to reduce product and packaging costs; (iii) reducing operational and manufacturing complexity in its Writing segment; and (iv) further streamlining its distribution and transportation functions.  Under the April 2015 Expansion, the Company plans to implement additional activities designed to further streamline business partnering functions (e.g., Finance/IT, Legal and Human Resources), optimize global selling and trade marketing functions, and rationalize the Company’s real estate portfolio.

In connection with the April 2015 Expansion, the Company expects to incur $150.0 million of additional costs, including cash costs of $135.0 million. The additional costs include pretax restructuring charges in the range of $125.0 million to $135.0 million, a majority of which are expected to be facility exit costs and employee-related cash costs, including severance, retirement and other termination benefits.

Cumulative costs of the expanded Project Renewal are now expected to be $690.0 million to $725.0 million pretax, with cash costs of $645.0 million to $675.0 million. Approximately 65% to 75% of the total costs are expected to be restructuring costs, a majority of which are expected to be employee-related cash costs, including severance, retirement and other termination benefits and costs. Project Renewal is expected to be complete by the end of 2017.

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

	Three Months Ended March 31,				Since Inception Through
	2015		2014		March 31, 2015
Facility and other exit costs, including impairments	$	0.3	$	1.2	$	21.2
Employee severance, termination benefits and relocation costs	18.9		10.9		185.0
Exited contractual commitments and other	8.1		1.4		57.1
	$	27.3	$	13.5	$	263.3

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management and are periodically updated for changes. Restructuring amounts also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2015 (in millions):

	December 31, 2014							March 31, 2015
	Balance		Provision		Costs Incurred			Balance
Facility and other exit costs, including impairments	$	—	$	0.3	$	(0.3	)	$	—
Employee severance, termination benefits and relocation costs	22.8		18.9		(5.5		)	36.2
Exited contractual commitments and other	17.5		8.1		(10.6		)	15.0
	$	40.3	$	27.3	$	(16.4	)	$	51.2

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2015 aggregated by reportable business segment (in millions):

	December 31, 2014							March 31, 2015
Segment	Balance		Provision		Costs Incurred			Balance
Writing	$	9.7	$	2.8	$	(0.7	)	$	11.8
Home Solutions	1.0		4.8		(0.8		)	5.0
Tools	0.5		—		—			0.5
Commercial Products	5.1		0.5		(0.2		)	5.4
Baby & Parenting	2.2		—		—			2.2
Corporate	21.8		19.2		(14.7		)	26.3
	$	40.3	$	27.3	$	(16.4	)	$	51.2

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

	Three Months Ended
	March 31,
Segment	2015		2014
Writing	$	2.8	$	0.9
Home Solutions	4.8		0.4
Tools	—		0.9
Commercial Products	0.5		3.1
Baby & Parenting	—		0.3
Corporate(1)	19.2		6.4
	$	27.3	$	12.0

(1) Includes adjustments of $1.5 million for the three months ended March 31, 2014, relating to previous restructuring projects that had the impact of decreasing restructuring costs.

Cash paid for all restructuring activities was $14.7 million and $30.8 million for the three months ended March 31, 2015 and 2014, respectively.

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Basis Of Presentation And Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2015

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 approximately 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 90% 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, customer program payments, working capital requirements and credit terms provided to customers. Accordingly, the Company’s results for the three months ended March 31, 2015 may not necessarily be indicative of the results that may be expected for the full year ending December 31, 2015.

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 April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” Under ASU 2014-08, only disposals representing a strategic shift in operations that have a major effect on the Company’s operations and financial results are presented as discontinued operations. This guidance requires expanded disclosure that provides information about the assets, liabilities, income and expenses of discontinued operations. Additionally, the guidance requires additional disclosure for a disposal of a significant part of an entity that does not qualify for discontinued operations reporting. The Company adopted ASU 2014-08 on January 1, 2015, and the adoption did not impact the Company’s financial statements and disclosures. As required by ASU 2014-08, the businesses classified as discontinued operations as of December 31, 2014 continued to be classified as such after January 1, 2015.

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers. Accounting Standard Codification 605 — Revenue Recognition.” ASU 2014-09 supersedes the revenue recognition requirements in “Accounting Standard Codification 605 — Revenue Recognition” and most industry-specific guidance. ASU 2014-09 requires that entities recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for fiscal years beginning after December 15, 2016. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company is currently assessing the impact ASU 2014-09 will have on its financial position and results of operations.

In January 2015, the FASB issued ASU No. 2015-01, “Income Statement—Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” which simplifies income statement presentation by eliminating the concept of extraordinary items. Previously, events or transactions that were both unusual in nature and infrequent in occurrence for a business entity were considered to be extraordinary items and required separate presentation, net of tax, after income from continuing operations. The presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual and infrequently occurring. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company has not adopted ASU 2015-01, but the adoption of ASU 2015-01 is not expected to have a material impact on the Company’s results of operations, cash flows or financial position.

In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs,” which changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company has not adopted ASU 2015-03, but the adoption of ASU 2015-03 is expected to reduce the Company’s long-term assets and long-term debt by approximately $18.0 million upon adoption.

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 accounts for its Venezuelan operations using highly inflationary accounting, and therefore, the Company remeasures assets, liabilities, sales and expenses denominated in Bolivar Fuertes (“Bolivars”) into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments are included in earnings.

Beginning in July 2013, the Venezuelan government authorized certain companies that operate in designated industry sectors to exchange a limited volume of Bolivars for U.S. Dollars at a bid rate established via weekly auctions under a system referred to as “SICAD I.” During the first quarter of 2014, the government expanded the types of transactions that may be subject to the weekly SICAD I auction process while retaining the official rate of 6.3 Bolivars per U.S. Dollar and introduced another currency exchange mechanism (“SICAD II”). The SICAD II rate was intended to more closely resemble a market-driven exchange rate than the official rate and SICAD I. The SICAD I and SICAD II rates were in addition to the official rate of 6.3 Bolivars to U.S. Dollar used to settle certain transactions, including the import of essential goods, through the National Center of Foreign Trade (“CENCOEX”). As a result of these changes, an entity could have converted Bolivars to U.S. Dollars at one or more of three legal exchange rates, which as of March 31, 2014, were 6.3 (official rate), 10.7 (SICAD I) and 49.8 (SICAD II). The Company analyzed the multiple rates available and the Company's estimates of the applicable rate at which future transactions could be settled and dividends could be paid. Based on this analysis, as of March 31, 2014, the Company determined that the SICAD I rate was the most appropriate rate to use for remeasurement. Therefore, as of March 31, 2014, the Company remeasured the net monetary assets of its Venezuelan operations using an exchange rate of 10.7 Bolivars per U.S. Dollar and recorded a foreign exchange loss of $38.7 million during the three months ended March 31, 2014 associated with remeasuring the Venezuelan operation’s net monetary assets denominated in Bolivars.

In February 2015, the Venezuelan government announced changes in its foreign currency exchange system. The official rate of 6.3 Bolivars per U.S. Dollar is expected to continue to be made available for purchases of essential goods. The SICAD I exchange mechanism became known as SICAD. There were no known SICAD auctions conducted during the three months ended March 31, 2015, and the Company last participated in a SICAD auction in the fourth quarter of 2014. The SICAD II market has been eliminated, and a new alternative currency market, the Foreign Exchange Marginal System (“SIMADI”) has been created. The SIMADI market is intended to have a floating exchange rate determined by market participants, and as of March 31, 2015, the SIMADI exchange rate was 193 Bolivars per U.S. Dollar. The Company remeasures its Venezuelan operation’s financial results at the rate at which it expects to settle future transactions and remit future dividends which, based on the advice of legal counsel, is currently the SICAD rate. As a result, the Company continued to use the exchange rate applicable in the last SICAD auction of 12.0 Bolivars per U.S. Dollar to remeasure the results of its Venezuelan operations for the three months ended March 31, 2015.

The results of the Company’s Venezuelan operations have been included in the Company’s consolidated financial statements for all periods presented, as the Company has been able to exchange Bolivars for a sufficient amount of U.S. Dollars in the SICAD auctions to fund its Venezuelan operations. While the Company will continue to assess the impact, if any, of the changes to the Venezuela foreign currency exchange system, if the Company is unable to obtain sufficient U.S. Dollars from CENCOEX or the SICAD market to fund its requirements for imported goods and instead needs to access the SIMADI market, it would significantly impact the Company’s Venezuelan operations which would adversely impact the Company’s results of operations.

As of March 31, 2015, the Company’s Venezuelan operations had approximately $57.8 million in Bolivar-denominated net monetary assets, including $52.9 million of cash and cash equivalents. In future periods, foreign exchange gains (losses) arising due to the appreciation (depreciation) of the Bolivar versus the U.S. Dollar will result in benefits (charges) based on the change in value of the Bolivar-denominated net monetary assets. During the three months ended March 31, 2015 and 2014, the Company’s Venezuelan operations generated less than 2% of consolidated net sales using the applicable exchange rate for each period (CENCOEX for the three months ended March 31, 2014 and SICAD for the three months ended March 31, 2015).

The Company is unable to predict with certainty whether future devaluations will occur because of economic and political uncertainty in Venezuela. If the Bolivar devalues further or if the Company is able to access currency at different rates that are reasonable to the Company, it could result in additional foreign currency exchange losses, and such devaluations could adversely affect the Company’s future financial results. Despite the additional currency conversion mechanisms, the Company’s ability to pay dividends from Venezuela is still restricted due to the low volume of U.S. Dollars available for conversion.

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, including the reversal of valuation allowances, which may cause significant variations in the customary relationship between income tax expense (benefit) and pretax income (loss) in quarterly periods. The income tax expense (benefit) for such unusual and/or infrequent items is recorded in the quarterly period such items are incurred.

The Company routinely reviews valuation allowances recorded against deferred tax assets on a more likely than not basis in evaluating whether the Company has the ability to realize the deferred tax assets. In making such a determination, the Company takes into consideration all available and appropriate positive and negative evidence, including projected future taxable income, future reversals of existing taxable temporary differences, available tax planning strategies and taxable income in prior carryback years, if available. Considering these factors, a possibility exists that the Company may record or release a portion of a valuation allowance against some deferred tax assets each quarterly period, which could create volatility in the Company’s future effective tax rate.

Reclassifications

Reclassifications

Certain 2014 amounts have been reclassified to conform to the 2015 presentation.

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Fair Value Disclosures

3 Months Ended

Mar. 31, 2015

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):

Fair Value as of March 31, 2015	Total		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)	$	14.9	$	4.6	$	10.3	$	—
Interest rate swaps	4.6		—		4.6		—
Foreign currency derivatives	12.2		—		12.2		—
Total	$	31.7	$	4.6	$	27.1	$	—
Liabilities
Interest rate swaps	$	5.2	$	—	$	5.2	$	—
Foreign currency derivatives	2.8		—		2.8		—
Total	$	8.0	$	—	$	8.0	$	—
Fair Value as of December 31, 2014
Assets
Investment securities, including mutual funds (1)	$	21.5	$	4.6	$	16.9	$	—
Foreign currency derivatives	7.7		—		7.7		—
Total	$	29.2	$	4.6	$	24.6	$	—
Liabilities
Interest rate swaps	$	11.8	$	—	$	11.8	$	—
Foreign currency derivatives	0.4		—		0.4		—
Total	$	12.2	$	—	$	12.2	$	—

(1) The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($3.1 million and $8.4 million as of March 31, 2015 and December 31, 2014, respectively) and other assets ($11.8 million and $13.1 million as of March 31, 2015 and December 31, 2014, respectively).

For publicly-traded mutual funds, fair value is determined on the basis of quoted market prices and, accordingly, such 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. The Company determines the fair value of its derivative instruments using standard pricing models and market-based assumptions for all significant inputs, such as yield curves and quoted spot and forward exchange rates. Accordingly, the Company’s derivative instruments are classified as Level 2.

Nonrecurring 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 March 31, 2015, impairments associated with plans to dispose of certain property, plant and equipment were not material. In the absence of a definitive sales price for these and similar types of assets, the Company generally uses projected cash flows, discounted as necessary, or market multiples 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. Key inputs into the market multiple approach include identifying companies comparable to the Company’s business and estimated control premiums. Accordingly, these fair value measurements fall in Level 3 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. During the three months ended March 31, 2015, no material nonrecurring fair value measurements were required for testing goodwill and other indefinite-lived intangible assets for impairment.

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, accounts payable and short-term debt 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 8.

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

	March 31, 2015				December 31, 2014
	Fair Value		Book Value		Fair Value		Book Value
Medium-term notes	$	2,205.1	$	2,099.3	$	2,154.4	$	2,089.5

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

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Employee Benefit And Retirement Plans

3 Months Ended

Mar. 31, 2015

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 March 31, (in millions):

	U.S.						International
	2015			2014			2015			2014
Service cost-benefits earned during the period	$	0.8		$	1.0		$	1.5		$	1.5
Interest cost on projected benefit obligation	10.3			11.3			5.0			6.4
Expected return on plan assets	(14.4		)	(14.4		)	(5.7		)	(6.7		)
Amortization of prior service cost, actuarial loss and other	6.8			6.1			0.9			0.8
Net periodic pension cost	$	3.5		$	4.0		$	1.7		$	2.0

The following table presents the components of the Company’s other postretirement benefit costs for the three months ended March 31, (in millions):

	Three Months Ended
	March 31,
	2015			2014
Service cost-benefits earned during the period	$	0.1		$	0.3
Interest cost on projected benefit obligation	0.8			1.2
Amortization of prior service benefit and actuarial gains	(1.9		)	(1.6		)
Net other postretirement benefit cost (benefit)	$	(1.0	)	$	(0.1	)

The Company made cash contributions to the Company-sponsored profit sharing plan of $16.4 million and $16.1 million during the three months ended March 31, 2015 and 2014, respectively. The Company made a voluntary cash contribution of $70.0 million to its U.S. defined benefit plan in January 2015.

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Employee Benefit And Retirement Plans (Schedule Of Other Postretirement Benefit Costs) (Details) (Other Postretirement Benefit Plan [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost-benefits earned during the period	$ 0.1	$ 0.3
Interest cost on projected benefit obligation	0.8	1.2
Amortization of prior service benefit and actuarial loss, net	(1.9)	(1.6)
Net periodic pension cost	$ (1.0)	$ (0.1)

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Debt

3 Months Ended

Mar. 31, 2015

Long-term Debt, Other Disclosures [Abstract]

Debt

Debt

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

	March 31, 2015			December 31, 2014
Medium-term notes	$	2,099.3		$	2,089.5
Commercial paper	477.1			28.0
Receivables facility	250.0			350.0
Other debt	8.1			14.4
Total debt	2,834.5			2,481.9
Short-term debt	(733.9		)	(390.7		)
Current portion of long-term debt	(6.5		)	(6.7		)
Long-term debt	$	2,094.1		$	2,084.5

Interest Rate Swaps

As of March 31, 2015, the Company was party to fixed-for-floating interest rate swaps designated as fair value hedges. The interest rate swaps relate to an aggregate $596.0 million principal amount of the medium-term notes and result in the Company effectively paying a floating rate of interest on the medium-term notes hedged by the interest rate swaps.

The medium-term note balances at March 31, 2015 and December 31, 2014 include mark-to-market adjustments of $0.6 million and $11.8 million, respectively, to record the fair value of the hedges of the fixed-rate debt, and the mark-to-market adjustments had the effect of decreasing the reported values of the medium-term notes. Compared to the stated rates of the underlying medium-term notes, interest rate swaps, including amortization of settled interest rate swaps, had the effect of reducing interest expense by $3.4 million and $3.6 million during the three months ended March 31,2015 and 2014, respectively.

Receivables-Related Borrowings

In September 2013, the Company amended its receivables facility to increase available borrowings to up to $350.0 million and extend the expiration date to September 2015 (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 a certain interest coverage ratio, and the Company was in compliance with such requirements under the Receivables Facility as of March 31, 2015. The financing subsidiary owned $685.6 million of outstanding accounts receivable as of March 31, 2015, and these amounts are included in accounts receivable, net in the Company’s Condensed Consolidated Balance Sheet at March 31, 2015. The Company had $250.0 million of outstanding borrowings under the Receivables Facility as of March 31, 2015.

Revolving Credit Facility and Commercial Paper

On December 2, 2011, the Company entered into a credit agreement (the “Credit Agreement”) with a syndicate of banks. As extended, the Credit Agreement provides for an unsecured syndicated revolving credit facility with a maturity date of December 2019, and an aggregate commitment at any time outstanding of up to $800.0 million (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. The Credit Agreement contains customary representations and warranties, covenants and events of default. As of March 31, 2015, there were no borrowings outstanding or standby letters of credit issued under the Facility, and the Company was in compliance with the covenants under the Credit Agreement.

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.

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 March 31, 2015 and December 31, 2014, the Company had outstanding commercial paper obligations of $477.1 million and $28.0 million, respectively.

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Derivatives

3 Months Ended

Mar. 31, 2015

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 primarily uses derivatives to manage its interest rate exposure, to achieve a desired proportion of variable and fixed-rate debt, to manage the risk associated with the volatility of future cash flows denominated in foreign currencies and to manage changes in fair value resulting from changes in foreign currency exchange rates.

The Company enters into interest rate swaps related to existing 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. These derivatives are designated as cash flow hedges.

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 three years 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 assets and liabilities, such as forward contracts and other instruments that hedge cash flows associated with intercompany financing activities. Hedging instruments are not available for certain currencies in countries in which the Company has operations. In these cases, the Company uses alternative means in an effort to achieve an economic offset to the local currency exposure such as invoicing and/or paying intercompany and third party transactions in U.S. Dollars.

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. 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 months ended March 31,2015 and 2014.

The following table summarizes the Company’s outstanding derivative instruments and their effects on the Condensed Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	March 31, 2015		December 31, 2014		Balance Sheet Location	March 31, 2015		December 31, 2014
Interest rate swaps	Other assets	$	4.6	$	—	Other noncurrent liabilities	$	5.2	$	11.8
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other and other assets	11.6		7.7		Other accrued liabilities	2.8		0.4
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	0.6		—		Other accrued liabilities	—		—
Total assets		$	16.8	$	7.7	Total liabilities	$	8.0	$	12.2

The fair values of outstanding derivatives that are not designated as hedges for accounting purposes were not material as of March 31, 2015 and December 31, 2014.

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
		March 31,
		2015			2014
Interest rate swaps	Interest expense, net	$	11.2		$	5.3
Fixed-rate debt	Interest expense, net	$	(11.2	)	$	(5.3	)

The Company did not realize any ineffectiveness related to fair value hedges during the three months ended March 31,2015 and 2014.

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 accumulated other comprehensive income (loss) (“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
		March 31,
		2015			2014
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	4.3		$	1.9
Forward interest rate swaps	Interest expense, net	(0.2		)	(0.2		)
		$	4.1		$	1.7

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	Three Months Ended
	March 31,
	2015		2014
Foreign exchange contracts on inventory-related purchases	$	5.8	$	2.7
Foreign exchange contracts on intercompany borrowings	2.6		—
	$	8.4	$	2.7

The Company did not realize any ineffectiveness related to cash flow hedges during the three months ended March 31,2015 and 2014. As of March 31, 2015, the Company expects to reclassify net pretax gains of $8.1 million from AOCI into earnings during the next 12 months.

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Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax (Benefit) Expense [Abstract]

Income Taxes

Income Taxes

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 months ended March 31, 2015 is impacted by the geographical mix of earnings and the strengthening of the U.S. Dollar against foreign currencies offset by increased tax benefit from the generation of foreign tax credits. The Company’s effective tax rate for the three months ended March 31, 2014 included tax benefits related to the resolution of certain tax contingencies of $8.0 million and tax benefits of $13.9 million related to the $38.7 million pretax charge for the change in exchange rates used to remeasure the Company’s Venezuelan net monetary assets.

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Stock-Based Compensation Stock Options (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning of Period	2.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	(0.5)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, End of Period	2.1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period	$ 19
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 24
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 22
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, End of Period	$ 18
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	2.1	2.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 43.2	$ 49.1

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Stock-Based Compensation Performance Based Restricted Stock Units (Details) (Performance Based Restricted Stock Units [Member]) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Performance Share Unit Award Number	0.6
Share Based Payment Award, Vesting Period	3 years
Share Based Compensation Arrangement By Share Based Payment Award Performance Share Unit Additional Units Granted Minimum Percentage	0.00%
Share Based Compensation Arrangement By Share Based Payment Award Performance Share Unit Additional Units Granted Maximum Percentage	200.00%
Share Based Compensation Arrangement By Share Based Payment Award Performance Share Unit Threshold Award Level Nonvested Number	1.8
Share Based Compensation Arrangement By Share Based Payment Award Performance Share Unit Award Level Nonvested At Period End Number	2.2
Share Based Compensation Arrangement By Share Based Payment Award Performance Share Unit Outstanding At Threshold	100.00%

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Stock-Based Compensation (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Pre-tax stock-based compensation	$ 6.8	$ 7.0

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Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2015

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):

Fair Value as of March 31, 2015	Total		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)	$	14.9	$	4.6	$	10.3	$	—
Interest rate swaps	4.6		—		4.6		—
Foreign currency derivatives	12.2		—		12.2		—
Total	$	31.7	$	4.6	$	27.1	$	—
Liabilities
Interest rate swaps	$	5.2	$	—	$	5.2	$	—
Foreign currency derivatives	2.8		—		2.8		—
Total	$	8.0	$	—	$	8.0	$	—
Fair Value as of December 31, 2014
Assets
Investment securities, including mutual funds (1)	$	21.5	$	4.6	$	16.9	$	—
Foreign currency derivatives	7.7		—		7.7		—
Total	$	29.2	$	4.6	$	24.6	$	—
Liabilities
Interest rate swaps	$	11.8	$	—	$	11.8	$	—
Foreign currency derivatives	0.4		—		0.4		—
Total	$	12.2	$	—	$	12.2	$	—

(1) The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($3.1 million and $8.4 million as of March 31, 2015 and December 31, 2014, respectively) and other assets ($11.8 million and $13.1 million as of March 31, 2015 and December 31, 2014, respectively).

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

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

	March 31, 2015				December 31, 2014
	Fair Value		Book Value		Fair Value		Book Value
Medium-term notes	$	2,205.1	$	2,099.3	$	2,154.4	$	2,089.5

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Debt (Receivables-Related Borrowings) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Receivables facility	$ 250.0	$ 350.0
Receivables Facility [Member]
Maximum borrowing capacity	350.0
Debt Instrument, Maturity Date	Sep. 01, 2015
Accounts receivable as collateral for receivables facility	$ 685.6

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Other Accrued Liabilities

3 Months Ended

Mar. 31, 2015

Accrued Liabilities [Abstract]

Other Accrued Liabilities

Other Accrued Liabilities

Other accrued liabilities included the following (in millions):

	March 31, 2015		December 31, 2014
Customer accruals	$	225.8	$	316.0
Accruals for manufacturing, marketing and freight expenses	80.3		86.1
Accrued self-insurance liabilities	54.0		55.8
Accrued pension, defined contribution and other postretirement benefits	24.5		36.6
Accrued contingencies, primarily legal, environmental and warranty	34.2		27.8
Accrued restructuring (See Footnote 5)	60.9		46.1
Other	108.7		90.9
Other accrued liabilities	$	588.4	$	659.3

Customer accruals are promotional allowances and rebates, including cooperative advertising, given to customers in exchange for their selling efforts and volume purchased as well as allowances for returns. Payments for annual rebates and other customer programs are generally made in the first quarter of the year. 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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Stockholders' Equity And Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Components Of Accumulated Other Comprehensive Loss

The following table displays the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2015 and 2014 (in millions):

	Foreign Currency Translation Loss (1)			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging Gain (Loss), Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2014	$	(287.8	)	$	(511.7	)	$	5.1		$	(794.4	)
Other comprehensive (loss) income before reclassifications	(105.5		)	7.2			4.2			(94.1		)
Amounts reclassified to earnings	—			4.0			(3.1		)	0.9
Net current period other comprehensive (loss) income	(105.5		)	11.2			1.1			(93.2		)
Balance at March 31, 2015	$	(393.3	)	$	(500.5	)	$	6.2		$	(887.6	)

(1) Includes foreign exchange losses of $24.2 million arising during the three months ended March 31, 2015 associated with intercompany loans designated as long-term.

	Foreign Currency Translation Loss (2)			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging (Loss) Gain, Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2013	$	(161.5	)	$	(483.3	)	$	(0.4	)	$	(645.2	)
Other comprehensive income (loss) before reclassifications	5.9			(1.0		)	1.8			6.7
Amounts reclassified to earnings	—			3.8			(1.0		)	2.8
Net current period other comprehensive income	5.9			2.8			0.8			9.5
Balance at March 31, 2014	$	(155.6	)	$	(480.5	)	$	0.4		$	(635.7	)

(2) Includes foreign exchange gains of $0.8 million arising during the three months ended March 31, 2014 associated with intercompany loans designated as long-term.

Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table depicts reclassifications out of accumulated other comprehensive loss to earnings for the three months ended March 31, 2015 and 2014 (in millions):

	Amount Reclassified to Earnings as Expense (Benefit) in the Statements of Operations						Affected Line Item in the Condensed Consolidated Statements of Operations
	Three Months Ended March 31,
	2015			2014
Unrecognized pension and other postretirement costs:
Prior service benefit	$	(1.7	)	$	(1.6	)	(1)
Actuarial loss	7.4			7.0			(1)
Total before tax	5.7			5.4
Tax effect	(1.7		)	(1.6		)
Net of tax	$	4.0		$	3.8
Derivatives:
Foreign exchange contracts on inventory-related purchases	$	(4.3	)	$	(1.9	)	Cost of products sold
Forward interest rate swaps	0.2			0.2			Interest expense, net
Total before tax	(4.1		)	(1.7		)
Tax effect	1.0			0.7
Net of tax	$	(3.1	)	$	(1.0	)

(1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement benefit costs, which are recorded in the cost of products sold and selling, general and administrative expenses line-items in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014. See Footnote 9 for further details.

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Debt (Summary Of Outstanding Debt) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Medium-term notes	$ 2,099.3	$ 2,089.5
Commercial paper	477.1	28.0
Receivables facility	250.0	350.0
Other debt	8.1	14.4
Total debt	2,834.5	2,481.9
Short-term debt	(733.9)	(390.7)
Current portion of long-term debt	(6.5)	(6.7)
Long-term debt	$ 2,094.1	$ 2,084.5

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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
	Mar. 31, 2015		Mar. 31, 2014
Balance at Beginning of Period, Foreign Currency Translation Loss	$ (287.8)		$ (161.5)
Other Comprehensive (Loss) Income, Foreign Currency Transaction and Translation (Loss) Gain Arising During Period, Net of Tax	(105.5)	[1]	5.9	[2]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	0		0
Current period change, Foreign Currency Translation (loss) gain	(105.5)		5.9
Balance at End of Period, Foreign Currency Translation Loss	(393.3)		(155.6)
Balance at Beginning of Period, Unrecognized Pension & Other Postretirement Costs, net of tax	(511.7)		(483.3)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax	7.2		(1.0)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax	4.0		3.8
Current period change, Unrecognized Pension & Other Postretirement Costs, net of tax	11.2		2.8
Balance at End of Period, Unrecognized Pension & Other Postretirement Costs, net of tax	(500.5)		(480.5)
Balance at Beginning of Period, Derivative Hedging Gain, net of tax	5.1		(0.4)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	4.2		1.8
Other Comprehensive (Loss) Income, Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	(3.1)		(1.0)
Current period change, Derivative Hedging Income (Loss), net of tax	1.1		0.8
Balance at End of Period, Derivative Hedging Gain, net of tax	6.2		0.4
Balance at Beginning of Period, Accumulated Other Comprehensive Loss	(794.4)		(645.2)
Other Comprehensive (Loss) Income, Before Reclassifications, Net of Tax	(94.1)		6.7
Other Comprehensive Income (Loss), Reclassifications To Earnings, Net Of Tax	0.9		2.8
Current period change, Accumulated Other Comprehensive Loss	(93.2)		9.5
Balance at End of Period, Accumulated Other Comprehensive Loss	(887.6)		(635.7)
Other Comprehensive (Loss) Income, Foreign Currency Translation Adjustment Long Term Intercompany Loans, Net Of Tax	$ (24.2)		$ 0.8

[1] Includes foreign exchange losses of $24.2 million arising during the three months ended March 31, 2015 associated with intercompany loans designated as long-term.

[2] Includes foreign exchange gains of $0.8 million arising during the three months ended March 31, 2014 associated with intercompany loans designated as long-term.

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Condensed Consolidated Balance Sheets Parentheticals (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	288,900,000	288,700,000
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	20,200,000	19,500,000

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Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

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 three-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. As expanded and extended in November 2014, the Company may repurchase a total of up to $1.1 billion of its own stock through the end of 2017 pursuant to the SRP. During the three months ended March 31, 2015, the Company repurchased 1.9 million shares pursuant to the SRP for $73.6 million, and such shares were immediately retired. Since the commencement of the SRP through March 31, 2015, the Company has repurchased and retired 26.3 million shares at an aggregate cost of $693.9 million. As of March 31, 2015, the Company had $362.8 million available under the SRP for future repurchases.

The following table displays the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2015 and 2014 (in millions):

	Foreign Currency Translation Loss (1)			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging Gain (Loss), Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2014	$	(287.8	)	$	(511.7	)	$	5.1		$	(794.4	)
Other comprehensive (loss) income before reclassifications	(105.5		)	7.2			4.2			(94.1		)
Amounts reclassified to earnings	—			4.0			(3.1		)	0.9
Net current period other comprehensive (loss) income	(105.5		)	11.2			1.1			(93.2		)
Balance at March 31, 2015	$	(393.3	)	$	(500.5	)	$	6.2		$	(887.6	)

(1) Includes foreign exchange losses of $24.2 million arising during the three months ended March 31, 2015 associated with intercompany loans designated as long-term.

	Foreign Currency Translation Loss (2)			Unrecognized Pension & Other Postretirement Costs, Net of Tax			Derivative Hedging (Loss) Gain, Net of Tax			Accumulated Other     Comprehensive Loss
Balance at December 31, 2013	$	(161.5	)	$	(483.3	)	$	(0.4	)	$	(645.2	)
Other comprehensive income (loss) before reclassifications	5.9			(1.0		)	1.8			6.7
Amounts reclassified to earnings	—			3.8			(1.0		)	2.8
Net current period other comprehensive income	5.9			2.8			0.8			9.5
Balance at March 31, 2014	$	(155.6	)	$	(480.5	)	$	0.4		$	(635.7	)

(2) Includes foreign exchange gains of $0.8 million arising during the three months ended March 31, 2014 associated with intercompany loans designated as long-term.

The following table depicts reclassifications out of accumulated other comprehensive loss to earnings for the three months ended March 31, 2015 and 2014 (in millions):

	Amount Reclassified to Earnings as Expense (Benefit) in the Statements of Operations						Affected Line Item in the Condensed Consolidated Statements of Operations
	Three Months Ended March 31,
	2015			2014
Unrecognized pension and other postretirement costs:
Prior service benefit	$	(1.7	)	$	(1.6	)	(1)
Actuarial loss	7.4			7.0			(1)
Total before tax	5.7			5.4
Tax effect	(1.7		)	(1.6		)
Net of tax	$	4.0		$	3.8
Derivatives:
Foreign exchange contracts on inventory-related purchases	$	(4.3	)	$	(1.9	)	Cost of products sold
Forward interest rate swaps	0.2			0.2			Interest expense, net
Total before tax	(4.1		)	(1.7		)
Tax effect	1.0			0.7
Net of tax	$	(3.1	)	$	(1.0	)

(1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement benefit costs, which are recorded in the cost of products sold and selling, general and administrative expenses line-items in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014. See Footnote 9 for further details.

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Employee Benefit And Retirement Plans (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Benefit Arrangement, Employer Contributions	$ 16.4	$ 16.1
Primary U.S. Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 70.0

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Segment Information (Company's Segments Results) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Net sales	$ 1,264.0		$ 1,214.3
Restructuring costs	(27.3)		(12.0)
Identifiable Assets	6,604.6				6,681.1
Operating Income (Loss)	98.2		104.7
Writing [Member]
Net sales	341.8	[1]	348.2	[1]
Restructuring costs	(2.8)		(0.9)
Identifiable Assets	959.4				981.9
Operating Income (Loss)	82.4	[2]	76.1	[2]
Home Solutions [Member]
Net sales	364.5	[1]	316.4	[1]
Restructuring costs	(4.8)		(0.4)
Identifiable Assets	806.3				806.4
Operating Income (Loss)	38.5	[2]	26.8	[2]
Tools [Member]
Net sales	180.4	[1]	187.8	[1]
Restructuring costs	0		(0.9)
Identifiable Assets	592.0				605.0
Operating Income (Loss)	22.2	[2]	21.4	[2]
Commercial Products [Member]
Net sales	185.2	[1]	182.6	[1]
Restructuring costs	(0.5)		(3.1)
Identifiable Assets	362.6				375.1
Operating Income (Loss)	17.0	[2]	13.8	[2]
Baby & Parenting Segment [Member]
Net sales	192.1	[1]	179.3	[1]
Restructuring costs	0		(0.3)
Identifiable Assets	469.8				481.0
Operating Income (Loss)	0.5	[2]	5.4	[2]
Corporate [Member]
Restructuring costs	(19.2)	[3]	(6.4)	[3]
Identifiable Assets	3,414.5	[4]			3,431.7	[4]
Operating Income (Loss)	(35.1)		(26.8)
United States [Member]
Net sales	917.2	[1],[5]	813.5	[1],[5]
Restructuring costs	(10.4)		(7.9)
Operating Income (Loss)	76.5	[2],[6]	65.7	[2],[6]
CANADA
Net sales	46.2	[1],[5]	53.1	[1],[5]
Restructuring costs	(3.0)		(0.1)
Operating Income (Loss)	5.3	[2],[6]	10.4	[2],[6]
Total North America [Member]
Net sales	963.4	[1],[5]	866.6	[1],[5]
Restructuring costs	(13.4)		(8.0)
Operating Income (Loss)	81.8	[2],[6]	76.1	[2],[6]
Europe, Middle East and Africa [Member]
Net sales	127.6	[1],[5]	163.9	[1],[5]
Restructuring costs	(11.7)		(2.8)
Operating Income (Loss)	8.6	[2],[6]	14.8	[2],[6]
Latin America [Member]
Net sales	89.4	[1],[5]	92.0	[1],[5]
Restructuring costs	(0.6)		(0.1)
Operating Income (Loss)	4.7	[2],[6]	10.8	[2],[6]
Asia Pacific [Member]
Net sales	83.6	[1],[5]	91.8	[1],[5]
Restructuring costs	(1.6)		(1.1)
Operating Income (Loss)	3.1	[2],[6]	3.0	[2],[6]
Total International [Member]
Net sales	300.6	[1],[5]	347.7	[1],[5]
Restructuring costs	(13.9)		(4.0)
Operating Income (Loss)	$ 16.4	[2],[6]	$ 28.6	[2],[6]
Wal-Mart Stores Inc. and Subsidiaries [Member]
Percentage of net sales	9.60%		10.10%

[1] All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 9.6% and 10.1% of consolidated net sales in the three months ended March 31, 2015 and 2014, 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] Includes adjustments of $1.5 million for the three months ended March 31, 2014, relating to previous restructuring projects that had the impact of decreasing restructuring costs.

[4] Corporate assets primarily include goodwill, capitalized software, cash, benefit plan assets 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 by region included in operating income (loss) above (in millions): Three Months Ended March 31, 2015 2014Restructuring Costs United States$10.4 $7.9Canada3.0 0.1Total North America13.4 8.0Europe, Middle East and Africa11.7 2.8Latin America0.6 0.1Asia Pacific1.6 1.1Total International13.9 4.0 $27.3 $12.0

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Restructuring Costs (Tables)

3 Months Ended

Mar. 31, 2015

Project Renewal [Member]

Summary Of Restructuring Costs

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

	Three Months Ended March 31,				Since Inception Through
	2015		2014		March 31, 2015
Facility and other exit costs, including impairments	$	0.3	$	1.2	$	21.2
Employee severance, termination benefits and relocation costs	18.9		10.9		185.0
Exited contractual commitments and other	8.1		1.4		57.1
	$	27.3	$	13.5	$	263.3

Schedule of Changes In Accrued Restructuring Reserves

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2015 (in millions):

	December 31, 2014							March 31, 2015
	Balance		Provision		Costs Incurred			Balance
Facility and other exit costs, including impairments	$	—	$	0.3	$	(0.3	)	$	—
Employee severance, termination benefits and relocation costs	22.8		18.9		(5.5		)	36.2
Exited contractual commitments and other	17.5		8.1		(10.6		)	15.0
	$	40.3	$	27.3	$	(16.4	)	$	51.2

Schedule Of Restructuring Costs By Segment

The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2015 aggregated by reportable business segment (in millions):

	December 31, 2014							March 31, 2015
Segment	Balance		Provision		Costs Incurred			Balance
Writing	$	9.7	$	2.8	$	(0.7	)	$	11.8
Home Solutions	1.0		4.8		(0.8		)	5.0
Tools	0.5		—		—			0.5
Commercial Products	5.1		0.5		(0.2		)	5.4
Baby & Parenting	2.2		—		—			2.2
Corporate	21.8		19.2		(14.7		)	26.3
	$	40.3	$	27.3	$	(16.4	)	$	51.2

Reportable Business Segment [Member]

Schedule of Restructuring Charges by Segment [Table Text Block]

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

	Three Months Ended
	March 31,
Segment	2015		2014
Writing	$	2.8	$	0.9
Home Solutions	4.8		0.4
Tools	—		0.9
Commercial Products	0.5		3.1
Baby & Parenting	—		0.3
Corporate(1)	19.2		6.4
	$	27.3	$	12.0

(1) Includes adjustments of $1.5 million for the three months ended March 31, 2014, relating to previous restructuring projects that had the impact of decreasing restructuring costs.

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Acquisitions (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 04, 2014	Oct. 22, 2014	Dec. 15, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 2,474,600,000					$ 2,546,000,000
Purchase Price	2,000,000	0
Acquisition related costs	1,700,000
Business Acquisition, Pro Forma Revenue		1,270,000,000
Ignite [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill, Expected Tax Deductible Amount			105,500,000
Goodwill			144,600,000
Purchase Price			312,900,000
Cash Acquired from Acquisition			7,200,000
Net Monetary Assets Acquired			16,700,000
Intangible Assets Acquired			151,600,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	33,000,000
bubba [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill, Expected Tax Deductible Amount				31,300,000
Purchase Price				82,900,000
Net Monetary Assets Acquired				10,600,000
Intangible Assets Acquired				41,000,000
Goodwill, Gross				31,300,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	15,400,000
Baby Jogger [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill, Expected Tax Deductible Amount					27,900,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					5 years
Purchase Price	2,000,000				208,500,000
Net Monetary Assets Acquired					13,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent					(22,100,000)
Intangible Assets Acquired					136,000,000
Goodwill, Gross					80,700,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	18,200,000
Indefinite-lived Intangible Assets Acquired					112,000,000
Finite-lived Intangible Assets Acquired					24,000,000
Cost of Goods, Total [Member]
Business Acquisition [Line Items]
Acquisition related costs	1,500,000
Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Acquisition related costs	$ 200,000

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Segment Information

3 Months Ended

Mar. 31, 2015

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; labeling solutions
Home Solutions	Rubbermaid®, Contigo®,bubba®, Calphalon®, Levolor®, Goody®	Indoor/outdoor organization, food storage and home storage products; durable beverage containers; gourmet cookware, bakeware and cutlery; window treatments; hair care accessories
Tools	Irwin®, Lenox®, hilmor™, Dymo® Industrial	Hand tools and power tool accessories; industrial bandsaw blades; tools for HVAC systems; label makers and printers 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®, Baby Jogger®, Aprica®, Teutonia®	Infant and juvenile products such as car seats, strollers, highchairs and playards

During 2014, the Company’s Endicia^®and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. Accordingly, the results of operations of these businesses have been classified as discontinued operations for all periods presented. The Endicia business was included in the Writing segment, and the Culinary businesses were included in the Home Solutions segment. As a result of these changes, the segment information in this footnote and Footnote 5 pertaining to restructuring have been presented to reflect the impacts of classifying the Endicia and Culinary electrics and retail businesses as discontinued operations.

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

	Three Months Ended
	March 31,
	2015			2014
Net Sales (1)
Writing	$	341.8		$	348.2
Home Solutions	364.5			316.4
Tools	180.4			187.8
Commercial Products	185.2			182.6
Baby & Parenting	192.1			179.3
	$	1,264.0		$	1,214.3
Operating Income (Loss) (2)
Writing	$	82.4		$	76.1
Home Solutions	38.5			26.8
Tools	22.2			21.4
Commercial Products	17.0			13.8
Baby & Parenting	0.5			5.4
Restructuring costs	(27.3		)	(12.0		)
Corporate	(35.1		)	(26.8		)
	$	98.2		$	104.7

	March 31, 2015		December 31, 2014
Identifiable Assets
Writing	$	959.4	$	981.9
Home Solutions	806.3		806.4
Tools	592.0		605.0
Commercial Products	362.6		375.1
Baby & Parenting	469.8		481.0
Corporate (3)	3,414.5		3,431.7
	$	6,604.6	$	6,681.1

Geographic Area Information

	Three Months Ended
	March 31,
(in millions)	2015		2014
Net Sales (1), (4)
United States	$	917.2	$	813.5
Canada	46.2		53.1
Total North America	963.4		866.6
Europe, Middle East and Africa	127.6		163.9
Latin America	89.4		92.0
Asia Pacific	83.6		91.8
Total International	300.6		347.7
	$	1,264.0	$	1,214.3
Operating Income (Loss) (2), (5)
United States	$	76.5	$	65.7
Canada	5.3		10.4
Total North America	81.8		76.1
Europe, Middle East and Africa	8.6		14.8
Latin America	4.7		10.8
Asia Pacific	3.1		3.0
Total International	16.4		28.6
	$	98.2	$	104.7

(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 9.6% and 10.1% of consolidated net sales in the three months ended March 31, 2015 and 2014, 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
	March 31,
	2015		2014
Restructuring Costs
United States	$	10.4	$	7.9
Canada	3.0		0.1
Total North America	13.4		8.0
Europe, Middle East and Africa	11.7		2.8
Latin America	0.6		0.1
Asia Pacific	1.6		1.1
Total International	13.9		4.0
	$	27.3	$	12.0