Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Segment Reporting Information, by Segment

Selected information by segment is presented in the following tables (in millions):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net sales (1)
Appliances and Cookware	$	430.1		$	453.6		$	1,121.5		$	1,215.1
Food and Commercial	473.2			539.4			1,307.4			1,431.2
Home and Outdoor Living	723.2			726.5			2,055.2			2,137.9
Learning and Development	824.1			829.2			2,254.4			2,274.9
Other	—			—			—			2.0
	$	2,450.6		$	2,548.7		$	6,738.5		$	7,061.1

Operating income (loss) (2)
Appliances and Cookware	$	(595.0	)	$	(1,568.8	)	$	(592.9	)	$	(1,550.2	)
Food and Commercial	32.8			(1,697.6		)	152.8			(1,599.6		)
Home and Outdoor Living	(180.7		)	(4,300.4		)	(163.0		)	(4,283.2		)
Learning and Development	182.1			(159.2		)	487.6			102.5
Other	—			1.0			—			3.4
Corporate	(71.1		)	(97.7		)	(208.9		)	(290.0		)
Restructuring	(2.9		)	(12.4		)	(21.3		)	(64.1		)
	$	(634.8	)	$	(7,835.1	)	$	(345.7	)	$	(7,681.2	)


							September 30, 2019			December 31, 2018
Segment assets
Appliances and Cookware							$	1,610.4		$	2,134.5
Food and Commercial							3,237.6			3,185.8
Home and Outdoor Living							4,101.1			4,103.2
Learning and Development							4,805.7			4,882.1
Corporate							1,288.7			1,151.9
							$	15,043.5		$	15,457.5

							Three Months Ended September 30,
							2019			2018
Impairment of goodwill and indefinite-lived intangibles assets (3)
Appliances and Cookware							$	606.9		$	1,604.5
Food and Commercial							—			1,802.1
Home and Outdoor Living							217.1			4,370.1
Learning and Development							—			351.3
							$	824.0		$	8,128.0


(1)	All intercompany transactions have been eliminated.

(2)

Operating income (loss) by segment is net sales less cost of products sold, SG&A and impairment of goodwill, intangibles and other assets for continuing operations. Certain Corporate 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 included in segment operating income.


(3)	During the three months ended September 30, 2019 and 2018, as a result of the Company’s annual other indefinite-lived intangible impairment testing, the Company recorded impairment charges to reflect impairment of intangible assets related to certain of the Company’s indefinite-lived trade names and goodwill.

Summary of Disaggregation of Revenue by Major Product Grouping Source and Geography

The following tables disaggregates revenue by major product grouping source and geography for the periods indicated (in millions):



	Three Months Ended September 30, 2019
	Appliances and Cookware		Food and Commercial		Home and Outdoor Living		Learning and Development		Other		Total
Appliances and Cookware	$	430.1	$	—	$	—	$	—	$	—	$	430.1
Food and Commercial Products	—		473.2		—		—		—		473.2
Connected Home and Security	—		—		112.1		—		—		112.1
Home Fragrance	—		—		254.9		—		—		254.9
Outdoor and Recreation	—		—		356.2		—		—		356.2
Baby and Parenting	—		—		—		300.2		—		300.2
Writing	—		—		—		523.9		—		523.9
Other	—		—		—		—		—		—
Total	$	430.1	$	473.2	$	723.2	$	824.1	$	—	$	2,450.6

North America	$	296.8	$	412.5	$	536.5	$	605.2	$	—	$	1,851.0
International	133.3		60.7		186.7		218.9		—		599.6
Total	$	430.1	$	473.2	$	723.2	$	824.1	$	—	$	2,450.6



	Three Months Ended September 30, 2018
	Appliances and Cookware		Food and Commercial		Home and Outdoor Living		Learning and Development		Other		Total
Appliances and Cookware	$	453.6	$	—	$	—	$	—	$	—	$	453.6
Food and Commercial Products	—		539.4		—		—		—		539.4
Connected Home and Security	—		—		96.4		—		—		96.4
Home Fragrance	—		—		261.0		—		—		261.0
Outdoor and Recreation	—		—		369.1		—		—		369.1
Baby and Parenting	—		—		—		301.4		—		301.4
Writing	—		—		—		527.8		—		527.8
Other	—		—		—		—		—		—
Total	$	453.6	$	539.4	$	726.5	$	829.2	$	—	$	2,548.7

North America	$	319.1	$	482.9	$	532.8	$	596.5	$	—	$	1,931.3
International	134.5		56.5		193.7		232.7		—		617.4
Total	$	453.6	$	539.4	$	726.5	$	829.2	$	—	$	2,548.7



	Nine Months Ended September 30, 2019
	Appliances and Cookware		Food and Commercial		Home and Outdoor Living		Learning and Development		Other		Total
Appliances and Cookware	$	1,121.5	$	—	$	—	$	—	$	—	$	1,121.5
Food and Commercial Products	—		1,307.4		—		—		—		1,307.4
Connected Home and Security	—		—		286.8		—		—		286.8
Home Fragrance	—		—		623.4		—		—		623.4
Outdoor and Recreation	—		—		1,145.0		—		—		1,145.0
Baby and Parenting	—		—		—		826.2		—		826.2
Writing	—		—		—		1,428.2		—		1,428.2
Other	—		—		—		—		—		—
Total	$	1,121.5	$	1,307.4	$	2,055.2	$	2,254.4	$	—	$	6,738.5

North America	$	730.8	$	1,132.7	$	1,476.8	$	1,626.4	$	—	$	4,966.7
International	390.7		174.7		578.4		628.0		—		1,771.8
Total	$	1,121.5	$	1,307.4	$	2,055.2	$	2,254.4	$	—	$	6,738.5



	Nine Months Ended September 30, 2018
	Appliances and Cookware		Food and Commercial		Home and Outdoor Living		Learning and Development		Other		Total
Appliances and Cookware	$	1,215.1	$	—	$	—	$	—	$	—	$	1,215.1
Food and Commercial Products	—		1,431.2		—		—		—		1,431.2
Connected Home and Security	—		—		273.5		—		—		273.5
Home Fragrance	—		—		648.8		—		—		648.8
Outdoor and Recreation	—		—		1,215.6		—		—		1,215.6
Baby and Parenting	—		—		—		848.7		—		848.7
Writing	—		—		—		1,426.2		—		1,426.2
Other	—		—		—		—		2.0		2.0
Total	$	1,215.1	$	1,431.2	$	2,137.9	$	2,274.9	$	2.0	$	7,061.1

North America	$	806.4	$	1,257.1	$	1,532.0	$	1,607.1	$	2.0	$	5,204.6
International	408.7		174.1		605.9		667.8		—		1,856.5
Total	$	1,215.1	$	1,431.2	$	2,137.9	$	2,274.9	$	2.0	$	7,061.1