Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

Effective January 1, 2023, as a result of the implementation of a new operating model intended to drive further simplification and unlock additional efficiencies and synergies within the Company, the CODM now reviews the businesses as three operating segments: Home and Commercial Solutions, Learning and Development and Outdoor and Recreation. The Home and Commercial Solutions operating segment represents the combination of the previously reported Commercial Solutions, Home Appliances and Home Solutions operating segments. Prior period comparable results have been reclassified to conform to the operating segment change.

On March 31, 2022, the Company sold its CH&S business to Resideo Technologies, Inc. The results of operations for the CH&S business continued to be reported in the Condensed Consolidated Statements of Operations as part of the Home and Commercial Solutions segment through March 31, 2022.

The Company's three primary reportable segments are:

Segment	Key Brands	Description of Primary Products
Home and Commercial Solutions	Ball(1), Calphalon, Chesapeake Bay Candle, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, Quickie, Rubbermaid, Rubbermaid Commercial Products, Sistema, Spontex, Sunbeam, WoodWick and Yankee Candle	Commercial cleaning and maintenance solutions; closet and garage organization; hygiene systems and material handling solutions; household products, including kitchen appliances; food and home storage products; fresh preserving products; vacuum sealing products; gourmet cookware, bakeware and cutlery and home fragrance products
Learning and  Development	Aprica, Baby Jogger, Dymo, Elmer’s, EXPO, Graco, Mr. Sketch, NUK, Paper Mate, Parker, Prismacolor, Sharpie, Tigex, Waterman and X-Acto	Baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based products and labeling solutions
Outdoor and Recreation	Campingaz, Coleman, Contigo, ExOfficio and Marmot	Products for outdoor and outdoor-related activities

(1) and Ball® TM of Ball Corporation, used under license.

This structure reflects the manner in which the CODM regularly assesses information for decision-making purposes, including the allocation of resources. The Company also provides general corporate services to its segments which is reported as a non-operating segment, Corporate.

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

	Three Months Ended  March 31,
	2023		2022
Net sales (1)
Home and Commercial Solutions (3)	$	971	$	1,350
Learning and Development	564		650
Outdoor and Recreation	270		388
	$	1,805	$	2,388
Operating income (loss) (2)
Home and Commercial Solutions (3)	$	(37)	$	89
Learning and Development	72		138
Outdoor and Recreation	(1)		46
Corporate	(70)		(56)
	$	(36)	$	217
	March 31, 2023		December 31, 2022
Segment assets
Home and Commercial Solutions	$	5,122	$	5,243
Learning and Development	4,534		4,494
Outdoor and Recreation	1,007		920
Corporate	2,613		2,605
	$	13,276	$	13,262

(1)All intercompany transactions have been eliminated.

(2)Operating income (loss) by segment is net sales less cost of products sold, SG&A, restructuring and impairment of goodwill, intangibles and other assets. 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 net sales basis and included in segment operating income (loss).

(3)Home and Commercial Solutions net sales and operating income for the first quarter of 2022 include the CH&S business prior to its sale.

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

	Three Months Ended  March 31,
	2023		2022
Commercial	$	348	$	401
Kitchen	459		642
Home Fragrance	164		198
Connected Home and Security	—		109
Home and Commercial Solutions	971		1,350
Baby	217		291
Writing	347		359
Learning and Development	564		650
Outdoor and Recreation	270		388
TOTAL	$	1,805	$	2,388

The following table disaggregates revenue by geography for the periods indicated (in millions):

	Three months ended March 31,
	2023						2022
	North America		International		TOTAL		North America		International		TOTAL
Home and Commercial Solutions	$	643	$	328	$	971	$	975	$	375	$	1,350
Learning and Development	395		169		564		468		182		650
Outdoor and Recreation	146		124		270		210		178		388
	$	1,184	$	621	$	1,805	$	1,653	$	735	$	2,388