Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure [Table]

PAY VERSUS PERFORMANCE TABLE


Year (a)	Summary Compensation Table Total for PEO (b)($)		Compensation Actually Paid to PEO (c)($)(1)(2)		Average Summary Compensation Table Total for Non-PEO Named Executive Officers (d)($)		Average Compensation Actually Paid to Non-PEO Named Executive Officers (e)($)(1)(2)		Value of Initial Fixed $100 Investment Based on: ($)				Net Income (h)($M)(4)	Company Selected Measure - Adjusted Operating Cash Flow (i)($M)(5)
Year (a)	Summary Compensation Table Total for PEO (b)($)		Compensation Actually Paid to PEO (c)($)(1)(2)						Total Shareholder Return (f)(3)		Peer Group Total Shareholder Return (g)(3)		Net Income (h)($M)(4)


2022		10,296,665		(7,272,680)		3,046,371		(1,339,606)		78		124	197		(203)
2021		11,438,798		16,404,598		3,798,238		4,456,426		125		162	622		884
2020		9,804,500		11,542,086		3,746,444		4,184,661		117		133	(766)		1,435

(1)

Mr. Saligram served as our principal executive officer (“

PEO

”) for the full year for each of 2022, 2021 and 2020. For 2022, our

non-PEO

named executive officers (“

NEOs

”) included Messrs. Peterson, Turner and McDermott and Ms. Malkoski. For 2021, our

non-PEO

NEOs included Messrs. Peterson and Turner, Michal Geller and Laurel Hurd. For 2020, our

non-PEO

NEOs included Messrs. Peterson and Turner, Mses. H

d and Malkoski and David Hammer.

(2)	The amounts presented in these columns are inclusive of PRSUs, which reflect management’s estimate of performance against their respective targets at each applicab le yea r- end. The fair val ue of TRSUs was calculated based on a 100% payout assumption.

The fair value of stock options reported for Compensation Actually Paid purposes was estimated using a Black-Scholes option pricing model and used both historical data and current market data to estimate the fair value of options and required several assumptions.

The

assumptions used in estimating fair value for a

rds granted during 2019-2022 were as follows:

Grant Year

2022

2021

2020

2019

Volatility

45.1 – 45.5%

42.8 – 45.0%

43.1 – 45.8%

43.9 – 45.5%

Expected life (in years)

5.5 – 5.6 years

4.9 – 5.6 years

4.3 – 5.5 years

4.3 – 5.2 years

Expected dividend yield

4.8%

4.8 – 5.1%

4.6 – 5.1%

Risk-free rate

3.9%

1.3 – 4.0%

0.4 – 4.0%

0.9 – 4.1%

For each of 2022, 2021 and 2020, the values

included

in this column for the compensation ac

ually paid t

our PEO and the average compensation actually paid to our

Non-PEO

NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:


PEO	2022		2021		2020

Summary Compensation Table Total for PEO (column (b))		$10,296,665		$11,438,798		$9,804,500
- aggregate change in actuarial present value of accumulated pension benefits under all defined benefit and actuarial pension plans reported in the SCT		$0		$0		$0
+ service cost of pension benefits		$0		$0		$0
+ prior service cost of pension benefits		$0		$0		$0
- SCT Stock Awards column value		$(5,380,300)		$(4,693,471)		$(4,222,024)
- SCT Option Awards column value		$(2,772,852)		$(2,434,432)		$(1,500,146)
+ fair value as of year-end of all equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$2,026,462		$7,224,684		$7,288,581
+/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$(10,392,039)		$1,961,283		$171,175
+ for awards granted and vesting in the same fiscal year, vesting date fair value		$0		$0		$0
+/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year		$(1,050,616)		$2,907,737		$0
- for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year		$0		$0		$0
+ dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year		$0		$0		$0
+ excess fair value for option/SAR award modifications		$0		$0		$0
Compensation Actually Paid to PEO (column (c))		$(7,272,680)		$16,404,598		$11,542,086


NON-PEO NEOs	2022		2021		2020

Average SCT Total for Non-PEO NEOs (column (d))		$3,046,371		$3,798,238		$3,746,444
- aggregate change in actuarial present value of accumulated pension benefits under all defined benefit and actuarial pension plans reported in the SCT		$0		$0		$(6,634)
+ service cost of pension benefits		$0		$0		$0
+ prior service cost of pension benefits		$0		$0		$0
- SCT Stock Awards column value		$(1,328,977)		$(1,542,391)		$(1,296,172)
- SCT Option Awards column value		$(673,594)		$(699,172)		$(436,645)
+ fair value as of year-end of all equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$503,230		$2,179,761		$2,069,913
+/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$(3,434,688)		$623,469		$212,016
+ for awards granted and vesting in the same fiscal year, vesting date fair value		$0		$0		$0
+/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year		$548,052		$96,521		$23,929
- for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year		$0		$0		$(128,190)
+ dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year		$0		$0		$0
+ excess fair value for option/SAR award modifications		$0		$0		$0
Average Compensation Actually Paid to Non-PEO NEOs (column (e))		$(1,339,606)		$4,456,426		$4,184,661

(3)

For each of 2022, 2021 and 2020, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on December 31, 2019. The yearly percentage change in cumulative total shareholder return was measured as the quotient of (a) the sum of (i) the cumulative amount of dividends per share for the period from December 31, 2019 through and including the last day of the covered fiscal year (the “

Measurement Period

”), assuming dividend reinvestment, plus (ii) the difference between stock price per share at the end and the beginning of the Measurement Period, divided by (b) stock price per share at the beginning of the Measurement Period. For purposes of this pay versus performance disclosure, our peer group is the Dow Jones Consumer Goods Index (the “

Peer Group

”).

Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.

(4)

Net Income.

During the fourth quarter of 2022, the Company elected to change its method of accounting for certain inventory in the U.S. from the

last-in,

first-out

(“

LIFO

”) method to the

first-in,

first-out

(“

FIFO

”) method. All prior periods presented have been retrospectively adjusted to apply the new method of accounting.

(5)

Adjusted Operating Cash Flow.

Adjusted operating cash flow is publicly reported operating cash flow, excluding the impact of cash costs related to the extinguishment of debt, debt and equity related financing costs, cash expenditures and tax payments associated with the acquisition or divestiture of a business unit or line of business, and other unanticipated, extraordinary,

non-budgeted

cash expenditures as determined by the Committee. Adjusted operating cash flow includes disposal proceeds for ordinary course and restructuring related asset sales.

Company Selected Measure Name

Adjusted operating cash flow

Named Executive Officers, Footnote [Text Block]

For 2022, our

non-PEO

named executive officers (“

NEOs

”) included Messrs. Peterson, Turner and McDermott and Ms. Malkoski. For 2021, our

non-PEO

NEOs included Messrs. Peterson and Turner, Michal Geller and Laurel Hurd. For 2020, our

non-PEO

NEOs included Messrs. Peterson and Turner, Mses. H

d and Malkoski and David Hammer.

Peer Group Issuers, Footnote [Text Block]

(3)

Measurement Period

Peer Group

”).

PEO Total Compensation Amount

$ 10,296,665

$ 11,438,798

$ 9,804,500

PEO Actually Paid Compensation Amount

$ (7,272,680)

16,404,598

11,542,086

Adjustment To PEO Compensation, Footnote [Text Block]

For each of 2022, 2021 and 2020, the values

included

in this column for the compensation ac

ually paid t

our PEO and the average compensation actually paid to our

Non-PEO

NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:


PEO	2022		2021		2020

Summary Compensation Table Total for PEO (column (b))		$10,296,665		$11,438,798		$9,804,500
- aggregate change in actuarial present value of accumulated pension benefits under all defined benefit and actuarial pension plans reported in the SCT		$0		$0		$0
+ service cost of pension benefits		$0		$0		$0
+ prior service cost of pension benefits		$0		$0		$0
- SCT Stock Awards column value		$(5,380,300)		$(4,693,471)		$(4,222,024)
- SCT Option Awards column value		$(2,772,852)		$(2,434,432)		$(1,500,146)
+ fair value as of year-end of all equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$2,026,462		$7,224,684		$7,288,581
+/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$(10,392,039)		$1,961,283		$171,175
+ for awards granted and vesting in the same fiscal year, vesting date fair value		$0		$0		$0
+/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year		$(1,050,616)		$2,907,737		$0
- for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year		$0		$0		$0
+ dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year		$0		$0		$0
+ excess fair value for option/SAR award modifications		$0		$0		$0
Compensation Actually Paid to PEO (column (c))		$(7,272,680)		$16,404,598		$11,542,086

Non-PEO NEO Average Total Compensation Amount

$ 3,046,371

3,798,238

3,746,444

Non-PEO NEO Average Compensation Actually Paid Amount

$ (1,339,606)

4,456,426

4,184,661

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

For each of 2022, 2021 and 2020, the values

included

in this column for the compensation ac

ually paid t

our PEO and the average compensation actually paid to our

Non-PEO

NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:


NON-PEO NEOs	2022		2021		2020

Average SCT Total for Non-PEO NEOs (column (d))		$3,046,371		$3,798,238		$3,746,444
- aggregate change in actuarial present value of accumulated pension benefits under all defined benefit and actuarial pension plans reported in the SCT		$0		$0		$(6,634)
+ service cost of pension benefits		$0		$0		$0
+ prior service cost of pension benefits		$0		$0		$0
- SCT Stock Awards column value		$(1,328,977)		$(1,542,391)		$(1,296,172)
- SCT Option Awards column value		$(673,594)		$(699,172)		$(436,645)
+ fair value as of year-end of all equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$503,230		$2,179,761		$2,069,913
+/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year		$(3,434,688)		$623,469		$212,016
+ for awards granted and vesting in the same fiscal year, vesting date fair value		$0		$0		$0
+/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year		$548,052		$96,521		$23,929
- for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year		$0		$0		$(128,190)
+ dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year		$0		$0		$0
+ excess fair value for option/SAR award modifications		$0		$0		$0
Average Compensation Actually Paid to Non-PEO NEOs (column (e))		$(1,339,606)		$4,456,426		$4,184,661

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Tabular List [Table Text Block]

Tabular List

The following table lists the three financial performance measures that we believe represent the most important

financial

performance measures we use to link compensation actually paid to our NEOs for fiscal 2022 to our performance:

Tabular List of Financial Performance Measures

Adjusted Operating Cash Flow (See above)

Adjusted EPS (1)

Core Sales Growth (2)

(1)	Adjusted Earnings Per Share (“ EPS ”). Adjusted earnings per share is the Company’s reported earnings per share, excluding the impact of charges which the Company normalizes for public reporting.

(2)

Core Sales Growth.

Core sales growth is calculated on the same basis as the Company’s publicly reported metric and excludes

the

impact of acquisitions, divestitures, currency changes, retail store openings and closings, and those market and business exits and other items excluded from the Company’s publicly reported core sales growth.

Total Shareholder Return Amount

$ 78

125

117

Peer Group Total Shareholder Return Amount

124

162

133

Net Income (Loss)

$ 197,000,000

$ 622,000,000

$ (766,000,000)