Restructuring Costs

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring costs, net incurred by reportable business segments for all restructuring activities for the periods indicated are as follows (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Commercial Solutions	$	1	$	1	$	2	$	1
Home Appliances	—		—		1		4
Home Solutions	—		—		1		3
Learning and Development	1		—		3		1
Outdoor and Recreation	1		2		3		3
Corporate	—		3		2		4
	$	3	$	6	$	12	$	16

Accrued restructuring costs activity for the nine months ended September 30, 2022 are as follows (in millions):


	Balance at December 31, 2021		Restructuring Costs, Net		Payments		Balance at September 30, 2022
Severance and termination costs	$	8	$	11	$	(11)	$	8
Contract termination and other costs	2		1		(3)		—
	$	10	$	12	$	(14)	$	8

2020 Restructuring Plan

The Company’s 2020 restructuring program, which was substantially complete at the end of 2021, was designed to reduce overhead costs, streamline certain underperforming operations and improve future profitability. The restructuring costs, which impacted all segments, include employee-related costs such as severance and other termination benefits. During the nine months ended September 30, 2021, the Company recorded restructuring charges of $9 million under the 2020 restructuring program.

Other Restructuring and Restructuring-Related Costs

The Company regularly incurs other restructuring and restructuring-related costs in connection with various discrete initiatives, including certain costs associated with Project Ovid, the multi-year, customer centric supply chain initiative to transform the Company’s go-to-market capabilities in the U.S., improve customer service levels and drive operational efficiencies. Restructuring-related costs are recorded in cost of products sold and selling, general and administrative expenses (“SG&A”) in the Condensed Consolidated Statements of Operations based on the nature of the underlying costs incurred. During the three and nine months ended September 30, 2022, the Company recorded restructuring charges of $3 million and $12 million, respectively. During the three and nine months ended September 30, 2021, the Company recorded other restructuring charges of $6 million and $7 million, respectively.