Footnote 19 — 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^®, ExOfficio^®, First Alert^®, Marmot^®, WoodWick^® and Yankee Candle^®	Products for outdoor and outdoor-related activities, home fragrance products and connected home and security 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^®	Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products

The Company’s segment and geographic results are as follows as of and for the years ended December 31, (in millions):


	2018
	Food and Appliances			Home and Outdoor Living			Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	2,699.1		$	2,946.7		$	2,981.6	$	3.5		$	—		$	—		$	8,630.9
Operating income (loss) (2)		(3,290.0	)		(4,237.7	)		237.9		3.8			(462.0	)		(80.5	)		(7,828.5	)
Other segment data:
Total assets	$	4,055.4		$	4,103.2		$	4,882.1	$	—		$	1,134.4		$	—		$	14,175.1
Capital expenditures		48.7			51.2			54.5		—			74.6			—			229.0
Depreciation and amortization		71.7			94.7			74.3		—			115.6			—			356.3

	2017
	Food and Appliances			Home and Outdoor Living			Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	2,921.1		$	3,114.1		$	3,269.1	$	247.7		$	—		$	—		$	9,552.0
Operating income (loss) (2)		311.1			274.0			540.4		(89.5	)		(562.9	)		(87.6	)		385.5
Other segment data:
Total assets	$	7,616.7		$	8,511.6		$	5,486.1	$	27.5		$	1,285.0		$	—		$	22,926.9
Capital expenditures		19.6			54.9			8.2		7.4			176.1			—			266.2
Depreciation and amortization		72.0			105.6			68.8		4.6			102.3			—			353.3

	2016
	Food and Appliances			Home and Outdoor Living			Learning and Development		Other			Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	2,453.3		$	2,289.7		$	3,100.6	$	1,337.5		$	—		$	—		$	9,181.1
Operating income (loss) (2)		191.8			167.3			606.4		113.1			(718.3	)		(62.2	)		298.1
Other segment data:
Capital expenditures	$	18.3		$	88.9		$	81.3	$	31.0		$	72.6		$	—		$	292.1
Depreciation and amortization		46.9			70.9			61.1		26.1			40.0			—			245.0


Geographic Area Information
	2018		2017		2016
Net Sales (1) (3)
United States	$	5,805.7	$	6,491.4	$	6,354.0
Canada		396.7		445.0		428.6

Total North America		6,202.4		6,936.4		6,782.6

Europe, Middle East and Africa		1,096.1		1,215.6		1,201.2
Latin America		647.8		679.7		570.6
Asia Pacific		684.6		720.3		626.7

Total International		2,428.5		2,615.6		2,398.5

	$	8,630.9	$	9,552.0	$	9,181.1

Sales to Walmart Inc. and subsidiaries amounted to approximately 13.5%, 13.7% and 13.5% of consolidated net sales in 2018, 2017 and 2016, respectively, substantially across all segments.

(1)	All intercompany transactions have been eliminated.

(2)

Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative expenses (“SG&A”). Operating income by geographic area is net sales less cost of products sold, SG&A, impairment charges and restructuring costs. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.

(3)	Geographic sales information is based on the region from which the products are shipped and invoiced. Long-lived assets by geography are not presented because it is impracticable to do so.