Exhibit 99.2

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

FINANCIAL WORKSHEET - SEGMENT REPORTING

(Amounts in millions)

	Three Months Ended March 31, 2020
			Reported		Reported			Normalized		Normalized
			Operating		Operating	Excluded		Operating		Operating
	Net Sales		Income (Loss)		Margin	Items [1]		Income (Loss)		Margin
HOME APPLIANCES	$	261	$	(299)	(114.6)%	$	290	$	(9)	(3.4)%
COMMERCIAL SOLUTIONS	413		(272)		(65.9)%	323		51		12.3%
HOME SOLUTIONS	377		(301)		(79.8)%	317		16		4.2%
LEARNING AND DEVELOPMENT	528		4		0.8%	82		86		16.3%
OUTDOOR AND RECREATION	307		(474)		(154.4)%	489		15		4.9%
CORPORATE	—		(66)		—%	20		(46)		—%
	$	1,886	$	(1,408)	(74.7)%	$	1,521	$	113	6.0%

[1]Excluded items consist of $1.5 billion of impairment charges for goodwill, intangible assets and other assets; $31 million of acquisition amortization costs; $6 million of restructuring and restructuring-related charges; $6 million of fees for certain legal proceedings; $1 million for product recall costs; $1 million of transaction-related costs and $1 million related to Argentina hyperinflationary adjustment.

Exhibit 99.2

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

FINANCIAL WORKSHEET - SEGMENT REPORTING

(Amounts in millions)

	Three Months Ended June 30, 2020
			Reported		Reported			Normalized		Normalized
			Operating		Operating	Excluded		Operating		Operating
	Net Sales		Income (Loss)		Margin	Items [2]		Income (Loss)		Margin
HOME APPLIANCES	$	330	$	6	1.8%	$	3	$	9	2.7%
COMMERCIAL SOLUTIONS	413		38		9.2%	7		45		10.9%
HOME SOLUTIONS	384		29		7.6%	21		50		13.0%
LEARNING AND DEVELOPMENT	631		126		20.0%	3		129		20.4%
OUTDOOR AND RECREATION	353		24		6.8%	9		33		9.3%
CORPORATE	—		(60)		—%	9		(51)		—%
	$	2,111	$	163	7.7%	$	52	$	215	10.2%

[2]Excluded items consists of $24 million of acquisition amortization costs; $17 million of restructuring and restructuring-related charges; $5 million of non-cash impairment charges related to the operating leases of Yankee Candle retail store business; $3 million of fees for certain legal proceedings; $1 million related to product recall costs; $1 million of transaction-related costs and $1 million Argentina hyperinflationary adjustment.

Exhibit 99.2

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

FINANCIAL WORKSHEET - SEGMENT REPORTING

(Amounts in millions)

	Three Months Ended September 30, 2020
			Reported		Reported			Normalized		Normalized
			Operating		Operating	Excluded		Operating		Operating
	Net Sales		Income (Loss)		Margin	Items [3]		Income (Loss)		Margin
HOME APPLIANCES	$	430	$	19	4.4%	$	3	$	22	5.1%
COMMERCIAL SOLUTIONS	535		84		15.7%	4		88		16.4%
HOME SOLUTIONS	623		123		19.7%	14		137		22.0%
LEARNING AND DEVELOPMENT	728		158		21.7%	6		164		22.5%
OUTDOOR AND RECREATION	383		39		10.2%	7		46		12.0%
CORPORATE	—		(60)		—%	6		(54)		—%
	$	2,699	$	363	13.4%	$	40	$	403	14.9%

[3]Excluded items consists of $24 million of acquisition amortization costs; $9 million of restructuring and restructuring-related charges; $3 million of fees for certain legal proceedings; $2 million of non-cash impairment charge related to an indefinite-lived intangible asset in the Learning and Development segment; $1 million of transaction-related costs and $1 million of Argentina hyperinflationary adjustment.

Exhibit 99.2

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

FINANCIAL WORKSHEET - SEGMENT REPORTING

(Amounts in millions)

	Three Months Ended December 31, 2020
			Reported		Reported			Normalized		Normalized
			Operating		Operating	Excluded		Operating		Operating
	Net Sales		Income (Loss)		Margin	Items [4]		Income (Loss)		Margin
HOME APPLIANCES	$	518	$	36	6.9%	$	2	$	38	7.3%
COMMERCIAL SOLUTIONS	498		61		12.2%	5		66		13.3%
HOME SOLUTIONS	754		147		19.5%	18		165		21.9%
LEARNING AND DEVELOPMENT	670		71		10.6%	23		94		14.0%
OUTDOOR AND RECREATION	249		(9)		(3.6)%	4		(5)		(2.0)%
CORPORATE	—		(58)		—%	7		(51)		—%
	$	2,689	$	248	9.2%	$	59	$	307	11.4%

[4]Excluded items consists of $21 million of non-cash impairment charge primarily related to an indefinite-lived intangible asset in the Learning and Development segment; $20 million of acquisition amortization costs; $12 million of restructuring and restructuring-related charges; $4 million of fees for certain legal proceedings; $1 million of transaction-related costs and $1 million related to Argentina hyperinflationary adjustment.

Exhibit 99.2

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

FINANCIAL WORKSHEET - SEGMENT REPORTING

(Amounts in millions)

	Twelve Months Ended December 31, 2020
			Reported		Reported			Normalized		Normalized
			Operating		Operating	Excluded		Operating		Operating
	Net Sales		Income (Loss)		Margin	Items [5]		Income (Loss)		Margin
HOME APPLIANCES	$	1,539	$	(238)	(15.5)%	$	298	$	60	3.9%
COMMERCIAL SOLUTIONS	1,859		(89)		(4.8)%	339		250		13.4%
HOME SOLUTIONS	2,138		(2)		(0.1)%	370		368		17.2%
LEARNING AND DEVELOPMENT	2,557		359		14.0%	114		473		18.5%
OUTDOOR AND RECREATION	1,292		(420)		(32.5)%	509		89		6.9%
CORPORATE	—		(244)		—%	42		(202)		—%
	$	9,385	$	(634)	(6.8)%	$	1,672	$	1,038	11.1%

[5]Excluded items consists of $1.5 billion of impairment charges primarily for goodwill, intangible assets and other assets; $99 million of acquisition amortization costs; $44 million of restructuring and restructuring-related charges; $16 million of fees for certain legal proceedings; $4 million of Argentina hyperinflationary adjustment; $4 million of transaction-related costs and $2 million related to a product recall.