XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 9 Months Ended
Sep. 30, 2016
Segment Reporting Information, Additional Information [Abstract]  
Segment Information
Segment Information
On April 15, 2016, Jarden became a direct wholly-owned subsidiary of Newell Brands Inc. Jarden is a global consumer products company with brands such as Yankee Candle®, Crock-Pot®, FoodSaver®, Mr. Coffee®, Oster®, Coleman®, First Alert®, Rawlings®, Jostens®, K2®, Marker®, Marmot®, Völkl® and many others. The segment information includes results of operations of Jarden since the acquisition date in the following Jarden segments: Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions.
The Company’s reportable segments as of September 30, 2016 are as follows:
Segment
  
Key Brands
  
Description of Primary Products
Writing
 
Sharpie®, Paper Mate®, Expo®, Prismacolor®,
Mr. Sketch®, Elmer’s®,
X-Acto®, Parker®, Waterman®, Dymo® Office
 
Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; fine writing instruments; labeling solutions
Home Solutions
 
Rubbermaid®, Contigo®, bubba®, Calphalon®, Goody®
 
Indoor/outdoor organization, food storage and home storage products; durable beverage containers; gourmet cookware, bakeware and cutlery; 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®
  
Cleaning and refuse products; hygiene systems; material handling solutions
Baby & Parenting
  
Graco®, Baby Jogger®, Aprica®, Teutonia®
  
Infant and juvenile products such as car seats, strollers, highchairs and playards
Branded Consumables
 
Yankee Candle®, Waddington, Ball®, Diamond®, First Alert®, NUK®, Pine Mountain®
 
Branded consumer products; consumable and fundamental household staples
Consumer Solutions
 
Crock-Pot®, FoodSaver®, Holmes®, Mr. Coffee®, Oster®, Rainbow®, Sunbeam®
 
Household products, including kitchen appliances and home environment products
Outdoor Solutions
 
Coleman®, Jostens®, Berkley®, Shakespeare®, Rawlings®, Völkl®, K2®, Marmot®
 
Products for outdoor and outdoor-related activities
Process Solutions
 
Jarden Plastic Solutions, Jarden Applied Materials, Jarden Zinc Products
 
Plastic products, including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging

The Company’s segment and geographic results are as follows for the periods indicated (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
Net Sales (1)
 
 
 
 
 
 
 
Writing
$
526.3

 
$
459.5

 
$
1,479.5

 
$
1,297.2

Home Solutions
371.8

 
459.4

 
1,177.4

 
1,262.4

Tools
185.5

 
196.7

 
562.6

 
582.3

Commercial Products
199.2

 
206.8

 
567.7

 
602.6

Baby & Parenting
231.1

 
207.6

 
677.8

 
610.4

Branded Consumables
957.3

 
—

 
1,734.6

 
—

Consumer Solutions
650.0

 
—

 
1,056.6

 
—

Outdoor Solutions
731.9

 
—

 
1,685.3

 
—

Process Solutions
101.5

 
—

 
186.6

 
—

 
$
3,954.6

 
$
1,530.0

 
$
9,128.1

 
$
4,354.9

Operating Income (Loss) (2)
 
 
 
 
 
 
 
Writing
$
131.5

 
$
114.1

 
$
369.4

 
$
329.0

Home Solutions
56.1

 
76.0

 
133.9

 
183.2

Tools
22.1

 
20.5

 
63.0

 
66.1

Commercial Products
33.7

 
29.5

 
81.5

 
75.4

Baby & Parenting
34.6

 
10.2

 
82.1

 
27.4

Branded Consumables
122.3

 
—

 
96.3

 
—

Consumer Solutions
38.0

 
—

 
21.5

 
—

Outdoor Solutions
(18.7
)
 
—

 
36.7

 
—

Process Solutions
7.4

 
—

 
6.0

 
—

Restructuring costs
(13.0
)
 
(21.0
)
 
(41.7
)
 
(61.6
)
Corporate
(90.1
)
 
(42.7
)
 
(261.7
)
 
(120.0
)
 
$
323.9

 
$
186.6

 
$
587.0

 
$
499.5


 
September 30, 2016
 
December 31, 2015
Total Assets
 
 
 
Writing
$
1,354.1

 
$
1,286.5

Home Solutions
834.6

 
776.7

Tools
550.0

 
578.8

Commercial Products
344.6

 
351.7

Baby & Parenting
444.9

 
485.1

Branded Consumables
8,271.1

 
—

Consumer Solutions
4,505.2

 
—

Outdoor Solutions
5,143.8

 
—

Process Solutions
626.5

 
—

Corporate (3)
12,340.7

 
3,742.2

 
$
34,415.5

 
$
7,221.0


Geographic Area Information
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(in millions)
2016
 
2015
 
2016
 
2015
Net Sales (1), (4)
 
 
 
 
 
 
 
North America
$
3,023.9

 
$
1,184.4

 
$
7,123.0

 
$
3,333.7

Europe, Middle East and Africa
509.4

 
143.1

 
1,092.1

 
437.7

Latin America
195.4

 
109.6

 
410.8

 
313.6

Asia Pacific
225.9

 
92.9

 
502.2

 
269.9

Total International
930.7

 
345.6

 
2,005.1

 
1,021.2

 
$
3,954.6

 
$
1,530.0

 
$
9,128.1

 
$
4,354.9


(1)
All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 13.6% and 12.6% of consolidated net sales in the three months ended September 30, 2016 and 2015, respectively, and approximately 13.0% and 11.5% of consolidated net sales in the nine months ended September 30, 2016 and 2015, respectively.

(2)
Operating income (loss) by segment is net sales less cost of products sold and SG&A expenses for continuing operations. Certain headquarters expenses of an operational nature are allocated to business segments primarily on a net sales basis. Corporate 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 capitalized software, cash, benefit plan assets, deferred tax assets, assets held for sale and all of the Company’s goodwill.

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