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Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events

Commencing with the Company’s Accelerated Transformation Plan, during 2018, the Company approved a plan to market for sale its Mapa/Spontex and Quickie® cleaning tools (“Quickie”) businesses. These businesses have been classified as held for sale in the Company's Condensed Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018 and as a discontinued operation in the Company’s Condensed Consolidated Statement of Operations for both the three and nine months ended September 30, 2019 and September 30, 2018. Management concluded in October 2019 not to continue pursuing the sale of the Mapa/Spontex and Quickie businesses. Based on the financial profile of these businesses, as compared to the expected proceeds, the Company determined that retention of these businesses would maximize their value to the Company. Commencing in the fourth quarter of 2019, the Mapa/Spontex and Quickie businesses will no longer be classified as held for sale in the Company's Consolidated Balance Sheets as of December 31, 2019 and December 31, 2018 nor be presented as discontinued operations in the Company’s Consolidated Statement of Operations for the fiscal years ended December 31, 2019, December 31, 2018 and December 31, 2017. The Company anticipates recording a charge of approximately $16 million in the fourth quarter of 2019 relating to the amount of depreciation and amortization expense that would have been recorded in prior periods had the assets been continuously classified as held and used. The Mapa/Spontex and Quickie businesses generated revenue of $118 million and $353 million and operating loss of $223 million and $270 million for the three and nine months ended September 30, 2019, respectively, which were presented in loss from discontinued operations, net of tax within the Company’s Condensed Consolidated Statements of Operations. The operating loss for the three and nine months ended September 30, 2019 includes impairment charges of $237 million and $311 million, respectively. As of September 30, 2019, the Mapa/Spontex and Quickie businesses had assets of $683 million and liabilities of $194 million, which were classified in assets and liabilities held for sale in the Company’s Condensed Consolidated Balance Sheet. The Company is still evaluating the segment in which the retained Mapa/Spontex and Quickie businesses will be included, but management anticipates that the businesses will be included in the Food and Commercial segment.

On October 25, 2019, the Company delivered a notice of redemption to the holders of its 5.00% senior notes due 2023 to redeem the entire $300 million aggregate principal amount of notes issued and outstanding at November 25, 2019. Pursuant to the notice of redemption, the Company will redeem the entire aggregate principal amount of the notes at a redemption price of 102.5% (see Footnote 9).