Segment Information (Tables)
Jun. 30, 2025
The Company’s three reportable segments are:
| Segment | Key Brands | Description of Primary Products | ||||||||||||
| Home and Commercial Solutions | Ball(1), Calphalon, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, 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 | Dymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker and Sharpie | 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 and Marmot | Active lifestyle products for outdoor and outdoor-related activities; technical apparel and on-the-go beverageware | ||||||||||||
(1) 
and Ball®, TMs of Ball Corporation, used under license.
and Ball®, TMs of Ball Corporation, used under license.The Company’s results by segment are as follows (in millions):
| Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | ||||||||||||||||||||||||||||
| Consolidated | Home and Commercial Solutions | Learning and Development | Outdoor and Recreation | Consolidated | Home and Commercial Solutions | Learning and Development | Outdoor and Recreation | ||||||||||||||||||||||
Net sales (1) | $ | 1,935 | $ | 892 | $ | 809 | $ | 234 | $ | 2,033 | $ | 962 | $ | 813 | $ | 258 | |||||||||||||
| Cost of products sold | 1,250 | 637 | 442 | 171 | 1,334 | 688 | 439 | 207 | |||||||||||||||||||||
| Segment SG&A | 449 | 230 | 165 | 54 | 449 | 223 | 166 | 60 | |||||||||||||||||||||
Other segment costs (2) | 2 | 1 | — | 1 | 8 | 3 | 3 | 2 | |||||||||||||||||||||
| Segment operating income (loss) | $ | 234 | $ | 24 | $ | 202 | $ | 8 | $ | 242 | $ | 48 | $ | 205 | $ | (11) | |||||||||||||
Corporate expenses (3) | 63 | 79 | |||||||||||||||||||||||||||
| Operating income | $ | 171 | $ | 163 | |||||||||||||||||||||||||
| Interest expense, net | 82 | 78 | |||||||||||||||||||||||||||
| Loss on extinguishment and modification of debt | 13 | — | |||||||||||||||||||||||||||
| Other expense, net | 5 | 1 | |||||||||||||||||||||||||||
| Income before income taxes | $ | 71 | $ | 84 | |||||||||||||||||||||||||
| Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | ||||||||||||||||||||||||||||
| Consolidated | Home and Commercial Solutions | Learning and Development | Outdoor and Recreation | Consolidated | Home and Commercial Solutions | Learning and Development | Outdoor and Recreation | ||||||||||||||||||||||
Net sales (1) | $ | 3,501 | $ | 1,704 | $ | 1,381 | $ | 416 | $ | 3,686 | $ | 1,855 | $ | 1,372 | $ | 459 | |||||||||||||
| Cost of products sold | 2,313 | 1,228 | 776 | 309 | 2,483 | 1,345 | 767 | 371 | |||||||||||||||||||||
| Segment SG&A | 858 | 452 | 304 | 102 | 848 | 436 | 298 | 114 | |||||||||||||||||||||
Other segment costs (2) | 5 | 2 | 1 | 2 | 21 | 10 | 8 | 3 | |||||||||||||||||||||
| Segment operating income (loss) | $ | 325 | $ | 22 | $ | 300 | $ | 3 | $ | 334 | $ | 64 | $ | 299 | $ | (29) | |||||||||||||
Corporate expenses (3) | 133 | 155 | |||||||||||||||||||||||||||
| Operating income | $ | 192 | $ | 179 | |||||||||||||||||||||||||
| Interest expense, net | 154 | 148 | |||||||||||||||||||||||||||
| Loss on extinguishment and modification of debt | 13 | 1 | |||||||||||||||||||||||||||
| Other expense, net | 9 | 6 | |||||||||||||||||||||||||||
| Income before income taxes | $ | 16 | $ | 24 | |||||||||||||||||||||||||
(1)All intercompany transactions have been eliminated.
(2)Other segment costs primarily include segment restructuring costs, net (see Footnotes 3 for further information).
(3)Corporate expenses primarily include costs of operating as a public company, including retained costs of center-led corporate functions, corporate restructuring and restructuring-related costs (see Footnote 3 for further information) and impairment of other assets. In addition, corporate expense includes all share-based compensation and all adjustments, favorable or unfavorable, between the actual bonus achieved versus the bonus at target for center-led corporate functions, as well as all adjustments, favorable or unfavorable, between the actual share-based compensation achieved versus the share-based compensation at target for operating segment employees.
Depreciation and amortization by segment are as follows (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
| Home and Commercial Solutions | $ | 38 | $ | 37 | $ | 71 | $ | 79 | |||||||||||||||
| Learning and Development | 17 | 17 | 33 | 33 | |||||||||||||||||||
| Outdoor and Recreation | 8 | 9 | 15 | 20 | |||||||||||||||||||
| Corporate | 16 | 16 | 35 | 32 | |||||||||||||||||||
| $ | 79 | $ | 79 | $ | 154 | $ | 164 | ||||||||||||||||
Capital expenditures by segment are as follows (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
| Home and Commercial Solutions | $ | 22 | $ | 18 | $ | 36 | $ | 36 | |||||||||||||||
| Learning and Development | 11 | 10 | 21 | 20 | |||||||||||||||||||
| Outdoor and Recreation | 6 | 3 | 9 | 6 | |||||||||||||||||||
| Corporate | 20 | 22 | 52 | 50 | |||||||||||||||||||
| $ | 59 | $ | 53 | $ | 118 | $ | 112 | ||||||||||||||||
Assets by segment are as follows at (in millions):
| June 30, 2025 | December 31, 2024 | ||||||||||
| Home and Commercial Solutions | $ | 4,285 | $ | 4,110 | |||||||
| Learning and Development | 3,951 | 3,786 | |||||||||
| Outdoor and Recreation | 590 | 541 | |||||||||
| Corporate | 2,681 | 2,567 | |||||||||
| $ | 11,507 | $ | 11,004 | ||||||||
The following table disaggregates net sales(1) by major product grouping for the periods indicated (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
| Commercial | $ | 332 | $ | 349 | $ | 645 | $ | 673 | |||||||||||||||
| Kitchen | 439 | 496 | 815 | 934 | |||||||||||||||||||
| Home Fragrance | 121 | 117 | 244 | 248 | |||||||||||||||||||
| Home and Commercial Solutions | 892 | 962 | 1,704 | 1,855 | |||||||||||||||||||
| Baby | 238 | 251 | 476 | 471 | |||||||||||||||||||
| Writing | 571 | 562 | 905 | 901 | |||||||||||||||||||
| Learning and Development | 809 | 813 | 1,381 | 1,372 | |||||||||||||||||||
| Outdoor and Recreation | 234 | 258 | 416 | 459 | |||||||||||||||||||
| $ | 1,935 | $ | 2,033 | $ | 3,501 | $ | 3,686 | ||||||||||||||||
(1)All intercompany transactions have been eliminated.
The following table disaggregates net sales(1) by geography(2) for the periods indicated (in millions):
| Three Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||||||||||||||
| North America | International | TOTAL | North America | International | TOTAL | |||||||||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 554 | $ | 338 | $ | 892 | $ | 625 | $ | 337 | $ | 962 | ||||||||||||||||||||||||||
| Learning and Development | 622 | 187 | 809 | 629 | 184 | 813 | ||||||||||||||||||||||||||||||||
| Outdoor and Recreation | 107 | 127 | 234 | 135 | 123 | 258 | ||||||||||||||||||||||||||||||||
| $ | 1,283 | $ | 652 | $ | 1,935 | $ | 1,389 | $ | 644 | $ | 2,033 | |||||||||||||||||||||||||||
| Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||||||||||||||
| North America | International | TOTAL | North America | International | TOTAL | |||||||||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 1,064 | $ | 640 | $ | 1,704 | $ | 1,201 | $ | 654 | $ | 1,855 | ||||||||||||||||||||||||||
| Learning and Development | 1,040 | 341 | 1,381 | 1,021 | 351 | 1,372 | ||||||||||||||||||||||||||||||||
| Outdoor and Recreation | 199 | 217 | 416 | 243 | 216 | 459 | ||||||||||||||||||||||||||||||||
| $ | 2,303 | $ | 1,198 | $ | 3,501 | $ | 2,465 | $ | 1,221 | $ | 3,686 | |||||||||||||||||||||||||||
(1)All intercompany transactions have been eliminated.
(2)Geographic sales information is based on the region from which the products are shipped and invoiced.