Footnote 18 — Segment Information

In order to align reporting with the company’s Accelerated Transformation Plan, effective June 30, 2018 the Company is reporting its financial results in four segments as Food and Appliances, Home and Outdoor Living, Learning and Development and Other.

This new structure reflects the manner in which the chief operating decision maker regularly assesses information for decision-making purposes, including the allocation of resources. All prior periods have been reclassified to conform to the current reporting structure.

The Company’s three primary operating segments are as follows:


Segment	Key Brands	Description of Primary Products
Food and Appliances	Ball^®, Calphalon^®, Crock-Pot^®, FoodSaver^®, Mr. Coffee^®, Oster^®, Rubbermaid^®, Sistema^® and Sunbeam^®	Household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products

Home and Outdoor Living	Chesapeake Bay Candle^®, Coleman^®, Contigo^®, Ex Officio^®, First Alert^®, Marmot^®, WoodWick^® and Yankee Candle^®	Products for outdoor and outdoor-related activities, home fragrance products and connected home and security

Learning and Development	Aprica^®, Baby Jogger^®, Dymo^®, Elmer’s^®, Expo^®, Graco^®, Mr. Sketch^®, NUK^®, Paper Mate^®, Parker^®, Prismacolor^®, Sharpie^®, Tigex^® Waterman^® and X-Acto^®	Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care; and health products

Segment information as of and for the periods indicated is as follows (in millions):


	Three months ended June 30, 2018
	Food and Appliances		Home and Outdoor Living		Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	621.3	$	741.7	$	838.7	$	1.4		$	—		$	—		$	2,203.1
Operating income (loss) (2)		40.4		9.4		195.5		1.5			(116.9	)		(45.7	)		84.2
Other segment data:
Total segment assets		7,564.6		8,572.1		5,497.5		35.7			3,153.1			—			24,823.0

	Three months ended June 30, 2017
	Food and Appliances		Home and Outdoor Living		Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	705.1	$	795.3	$	990.0	$	37.0		$	—		$	—		$	2,527.4
Operating income (loss) (2)		70.8		39.6		224.2		(69.1	)		(149.6	)		(23.6	)		92.3
Other segment data:
Total segment assets		7,690.1		8,451.9		5,697.5		394.9			1,409.5			—			23,643.9

	Six months ended June 30, 2018
	Food and Appliances		Home and Outdoor Living		Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	1,156.8	$	1,411.4	$	1,445.7	$	2.0		$	—		$	—		$	4,015.9
Operating income (loss) (2)		54.1		17.2		261.7		2.4			(226.2	)		(51.1	)		58.1

	Six months ended June 30, 2017
	Food and Appliances		Home and Outdoor Living		Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	1,226.8	$	1,466.6	$	1,686.6	$	238.0		$	—		$	—		$	4,618.0
Operating income (loss) (2)		101.9		70.1		333.7		(85.5	)		(283.5	)		(32.9	)		103.8

(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 headquarters 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 the allocated depreciation and amortization are included in segment operating income.