Segment Information (Tables)
Jun. 30, 2024
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® TM of Ball Corporation, used under license.
and Ball® TM of Ball Corporation, used under license.Selected information by segment is presented in the following tables (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||
Net sales (1) | ||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 962 | $ | 1,058 | $ | 1,855 | $ | 2,029 | ||||||||||||||||||
| Learning and Development | 813 | 813 | 1,372 | 1,377 | ||||||||||||||||||||||
| Outdoor and Recreation | 258 | 333 | 459 | 603 | ||||||||||||||||||||||
| $ | 2,033 | $ | 2,204 | $ | 3,686 | $ | 4,009 | |||||||||||||||||||
Operating income (loss) (2) | ||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 48 | $ | (21) | $ | 64 | $ | (58) | ||||||||||||||||||
| Learning and Development | 205 | 188 | 299 | 260 | ||||||||||||||||||||||
| Outdoor and Recreation | (11) | 5 | (29) | 4 | ||||||||||||||||||||||
| Corporate | (79) | (52) | (155) | (122) | ||||||||||||||||||||||
| $ | 163 | $ | 120 | $ | 179 | $ | 84 | |||||||||||||||||||
| June 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||
| Segment assets | ||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 4,622 | $ | 4,713 | ||||||||||||||||||||||
| Learning and Development | 4,086 | 4,111 | ||||||||||||||||||||||||
| Outdoor and Recreation | 649 | 687 | ||||||||||||||||||||||||
| Corporate | 2,691 | 2,652 | ||||||||||||||||||||||||
| $ | 12,048 | $ | 12,163 | |||||||||||||||||||||||
(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).
The following table disaggregates revenue by major product grouping source for the periods indicated (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||
| Commercial | $ | 349 | $ | 378 | $ | 673 | $ | 726 | ||||||||||||||||||
| Kitchen | 496 | 549 | 934 | 1,008 | ||||||||||||||||||||||
| Home Fragrance | 117 | 131 | 248 | 295 | ||||||||||||||||||||||
| Home and Commercial Solutions | 962 | 1,058 | 1,855 | 2,029 | ||||||||||||||||||||||
| Baby | 251 | 251 | 471 | 468 | ||||||||||||||||||||||
| Writing | 562 | 562 | 901 | 909 | ||||||||||||||||||||||
| Learning and Development | 813 | 813 | 1,372 | 1,377 | ||||||||||||||||||||||
| Outdoor and Recreation | 258 | 333 | 459 | 603 | ||||||||||||||||||||||
| $ | 2,033 | $ | 2,204 | $ | 3,686 | $ | 4,009 | |||||||||||||||||||
The following table disaggregates revenue by geography for the periods indicated (in millions):
| Three Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| North America | International | TOTAL | North America | International | TOTAL | |||||||||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 625 | $ | 337 | $ | 962 | $ | 698 | $ | 360 | $ | 1,058 | ||||||||||||||||||||||||||
| Learning and Development | 629 | 184 | 813 | 609 | 204 | 813 | ||||||||||||||||||||||||||||||||
| Outdoor and Recreation | 135 | 123 | 258 | 188 | 145 | 333 | ||||||||||||||||||||||||||||||||
| $ | 1,389 | $ | 644 | $ | 2,033 | $ | 1,495 | $ | 709 | $ | 2,204 | |||||||||||||||||||||||||||
| Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| North America | International | TOTAL | North America | International | TOTAL | |||||||||||||||||||||||||||||||||
| Home and Commercial Solutions | $ | 1,201 | $ | 654 | $ | 1,855 | $ | 1,341 | $ | 688 | $ | 2,029 | ||||||||||||||||||||||||||
| Learning and Development | 1,021 | 351 | 1,372 | 1,004 | 373 | 1,377 | ||||||||||||||||||||||||||||||||
| Outdoor and Recreation | 243 | 216 | 459 | 334 | 269 | 603 | ||||||||||||||||||||||||||||||||
| $ | 2,465 | $ | 1,221 | $ | 3,686 | $ | 2,679 | $ | 1,330 | $ | 4,009 | |||||||||||||||||||||||||||