Selling, general and administrative expenses

^[1],[2]

$ 14,742.2

$ 13,264.0

$ 5,915.7

Cost of products sold

9,652.9

8,865.2

3,611.1

Gross profit

5,089.3

4,398.8

2,304.6

3,669.1

3,221.1

1,573.9

Pension settlement charge (gain)

(2.4)

2.7

52.1

Restructuring costs, net

111.9

74.9

77.2

Impairment of goodwill, intangibles and other assets

85.0

Operating income

1,225.7

1,100.1

601.4

Non-operating expenses:

Interest expense, net

468.9

404.5

79.9

Loss on extinguishment of debt

32.3

47.6

Venezuela deconsolidation charge

172.7

Other expense (income), net

(704.5)

(166.5)

11.3

Income before income taxes

1,429.0

814.5

337.5

Income tax expense (benefit)

(1,319.8)

286.0

78.2

Income from continuing operations

2,748.8

528.5

259.3

Income (loss) from discontinued operations, net of tax

(0.7)

90.7

Net income

$ 2,748.8

$ 527.8

$ 350.0

Weighted average shares outstanding:

Basic

486.7

421.3

269.3

Diluted

488.0

423.1

271.5

Basic:

Income from continuing operations

$ 5.65

$ 1.25

$ 0.96

Income (loss) from discontinued operations

0.34

Net income

5.65

1.25

1.30

Diluted:

Income from continuing operations

5.63

1.25

0.96

Income (loss) from discontinued operations

0.33

Net income

5.63

1.25

1.29

Dividends per share

$ 0.88

$ 0.76

[1]	All intercompany transactions have been eliminated. Sales to Walmart Inc. and subsidiaries amounted to approximately 13.7%, 13.5% and 10.9% of consolidated net sales in 2017, 2016 and 2015, respectively, substantially across all segments.
[2]	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.

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,748.8	$ 527.8	$ 350.0
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	289.1	(196.2)	(123.9)
Unrecognized pension and postretirement costs	14.5	22.3	89.4
Derivative financial instruments	(21.9)	(37.1)	(4.9)
Total other comprehensive income (loss), net of tax	281.7	(211.0)	(39.4)
Comprehensive income	$ 3,030.5	$ 316.8	$ 310.6

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 485.7	$ 587.5
Accounts receivable, net	2,674.0	2,746.9
Inventories, net	2,498.8	2,116.0
Prepaid expenses and other	415.5	288.4
Assets held for sale	4.0	1,745.7
Total current assets	6,078.0	7,484.5
Property, plant and equipment, net	1,707.5	1,543.4
Goodwill	10,560.1	10,218.9
Other intangible assets, net	14,236.0	14,111.8
Deferred income taxes	151.2	95.3
Other assets	402.7	383.6
Total assets	33,135.5	33,837.5
Liabilities:
Accounts payable	1,761.6	1,518.9
Accrued compensation	187.0	365.8
Other accrued liabilities	1,705.4	1,464.9
Short-term debt and current portion of long-term debt	662.8	601.9
Liabilities held for sale		340.5
Total current liabilities	4,316.8	4,292.0
Long-term debt	9,889.6	11,290.9
Deferred income taxes	3,307.0	5,082.8
Other noncurrent liabilities	1,440.8	1,787.4
Total liabilities	18,954.2	22,453.1
Commitments and contingencies (footnote 19)
Stockholders' equity:
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at December 31, 2017 and 2016)
Common stock (800 authorized shares, $1.00 par value 508.1 shares and 504.8 shares issued at December 31, 2017 and 2016, respectively)	508.1	504.8
Treasury stock, at cost (22.9 and 22.3 shares at December 31, 2017 and 2016, respectively):	(573.5)	(545.3)
Additional paid-in capital	10,362.0	10,144.2
Retained earnings	4,611.2	2,289.9
Accumulated other comprehensive loss	(763.1)	(1,044.8)
Stockholders' equity attributable to parent	14,144.7	11,348.8
Stockholders' equity attributable to noncontrolling interests	36.6	35.6
Total stockholders' equity	14,181.3	11,384.4
Total liabilities and stockholders' equity	$ 33,135.5	$ 33,837.5

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par or stated value per share	$ 1.00	$ 1.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par or stated value per share	$ 1.00	$ 1.00
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	508,100,000	504,800,000
Treasury stock, shares	22,900,000	22,300,000

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 2,748.8	$ 527.8	$ 350.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	635.6	437.2	171.6
Impairment of goodwill, intangibles and other assets	85.0
Net gain from sale of businesses	(713.0)	(161.1)	(154.2)
Loss on extinguishment of debt	(1.9)	47.6
Non-cash restructuring charges		23.7	6.7
Deferred income taxes	(1,781.8)	33.4	(7.2)
Stock-based compensation expense	70.9	63.9	29.2
Pension settlement charge (gain)	(2.4)	2.7	52.1
Venezuela deconsolidation charge			172.7
Other, net	11.0	21.0	32.5
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	288.7	(324.5)	(33.8)
Inventories	(350.4)	784.6	(97.8)
Accounts payable	211.0	282.0	20.3
Accrued liabilities and other	(269.5)	102.1	50.8
Net cash provided by operating activities	932.0	1,840.4	592.9
Cash flows from investing activities:
Proceeds from sale of divested businesses	2,106.9	227.2	214.8
Acquisitions and acquisition-related activity	(634.3)	(8,635.2)	(573.7)
Capital expenditures	(406.2)	(441.4)	(211.4)
Cash related to deconsolidation of Venezuela operations			(97.5)
Other investing activities	12.1	24.6	17.9
Net cash provided by (used in) investing activities	1,078.5	(8,824.8)	(649.9)
Cash flows from financing activities:
Net short-term debt	111.8	(641.4)	(57.0)
Proceeds from issuance of debt, net of debt issuance costs		9,414.6	594.6
Payments on long-term debt	(1,512.2)	(1,100.0)
Repurchase of shares of common stock	(152.4)		(180.4)
Cash dividends	(428.6)	(328.6)	(206.3)
Payments to dissenting shareholders	(161.6)
Repurchase of restricted shares for vesting, net of option proceeds	(18.6)	(16.1)	(5.7)
Net cash provided by (used in) financing activities	(2,161.6)	7,328.5	145.2
Exchange rate effect on cash and cash equivalents	49.3	(31.4)	(12.8)
Increase (decrease) in cash and cash equivalents	(101.8)	312.7	75.4
Cash and cash equivalents at beginning of period	587.5	274.8	199.4
Cash and cash equivalents at end of period	485.7	587.5	274.8
Supplemental non-cash disclosures:
Common stock issued for Jarden Acquisition		9,480.3
Debt assumed, at fair value, in the Jarden Acquisition		1,198.7
Supplemental disclosures - cash paid for:
Income taxes, net of refunds	261.8	189.2	54.7
Interest	$ 459.4	$ 316.0	$ 82.9

Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Noncontrolling Interest [Member]
Beginning balance at Dec. 31, 2014	$ 1,854.9	$ 288.7	$ (493.1)	$ 739.0	$ 2,111.2	$ (794.4)	$ 1,851.4	$ 3.5
Comprehensive income	310.6				350.0	(39.4)	310.6
Cash dividends on common stock	(206.3)				(206.3)		(206.3)
Stock-based compensation and other	47.6	3.3	(30.0)	74.2	0.1		47.6
Common stock purchased and retired	(180.4)	(4.5)		(11.8)	(164.1)		(180.4)
Ending balance at Dec. 31, 2015	1,826.4	287.5	(523.1)	801.4	2,090.9	(833.8)	1,822.9	3.5
Comprehensive income	316.8				527.8	(211.0)	316.8
Cash dividends on common stock	(328.6)				(328.6)		(328.6)
Stock-based compensation and other	89.5	3.4	(22.2)	76.4	(0.2)		57.4	32.1
Common stock purchased and retired	9,480.3	213.9		9,266.4			9,480.3
Ending balance at Dec. 31, 2016	11,384.4	504.8	(545.3)	10,144.2	2,289.9	(1,044.8)	11,348.8	35.6
Comprehensive income	3,030.5				2,748.8	281.7	3,030.5
Cash dividends on common stock	(427.5)				(427.5)		(427.5)
Stock-based compensation and other	346.3	8.3	(28.2)	365.2			345.3	1.0
Common stock purchased and retired	(152.4)	(5.0)		(147.4)			(152.4)
Ending balance at Dec. 31, 2017	$ 14,181.3	$ 508.1	$ (573.5)	$ 10,362.0	$ 4,611.2	$ (763.1)	$ 14,144.7	$ 36.6

Description of Business and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Significant Accounting Policies	FOOTNOTE 1 Description of Business and Significant Accounting Policies Description of Business Newell Brands is a global marketer of consumer and commercial products that help people get more out of life every day, where they live, learn, work and play. Our products are marketed under a strong portfolio of leading brands, including Paper Mate^®, Sharpie^®, Dymo^®, EXPO^®, Parker^®, Elmer’s^®, Coleman^®, Jostens^®, Marmot^®, Rawlings^®, Oster^®, Sunbeam^®, FoodSaver^®, Mr. Coffee^®, Rubbermaid Commercial Products^®, Graco^®, Baby Jogger^®, NUK^®, Calphalon^®, Rubbermaid^®, Contigo^®, First Alert^®, Waddington and Yankee Candle^®. The Company’s multi-product offering consists of well-known, name brand consumer and commercial products. Effective January 1, 2017, the Company changed its reporting structure and began reporting its financial results in five business segments: Live, Learn, Work, Play and Other (See Footnote 18 for additional information). All prior periods have been reclassified to conform to the current reporting structure. Principles of Consolidation The consolidated financial statements include the consolidated accounts of the Company and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries after elimination of intercompany transactions and balances. Use of Estimates The preparation of these consolidated financial statements requires the use of certain estimates by management in determining the Company’s assets, liabilities, sales and expenses, and related disclosures. Actual results could differ from those estimates. Other Items The Company holds a 23.4% investment in Sprue Aegis (“Sprue”). During the year ended December 31, 2017 and 2016, the Company’s related party sales to Sprue were $33.5 million and $23.2 million, respectively. During the year ended December 31, 2017 and 2016, the income attributable to non-controlling interests was $2.7 million and $2.0 million, respectively. During the twelve months ended December 31, 2017, the Company provided notification to Sprue of its election to terminate the distribution agreement on March 31, 2018. Concentration of Credit Risk The Company sells products to customers in diversified industries and geographic regions and, therefore, has no significant concentrations of credit risk. The Company continuously evaluates the creditworthiness of its customers and generally does not require collateral. The Company evaluates the collectability of accounts receivable based on a combination of factors. When aware of a specific customer’s inability to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer’s operating results or financial position, the Company records a specific reserve for bad debt to reduce the related receivable to the amount the Company reasonably believes is collectible. The Company also records reserves for bad debt for all other customers based on a variety of factors, including the length of time the receivables are past due and historical collection experience. Accounts are also reviewed for potential write-off on a case-by-case basis. Accounts deemed uncollectible are written off, net of expected recoveries. If circumstances related to specific customers change, the Company’s estimates of the recoverability of receivables could be further adjusted. The Company’s forward exchange contracts do not subject the Company to risk due to foreign exchange rate movement, because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. The Company is exposed to credit-related losses in the event of non-performance by counterparties to certain derivative financial instruments. The Company does not obtain collateral or other security to support derivative financial instruments subject to credit risk, but monitors the credit standing of the counterparties. Sales Recognition and Customer Programs Sales of merchandise and freight billed to customers are recognized when title passes and all substantial risks of ownership change, which generally occurs either upon shipment or upon delivery based upon contractual terms. Sales are net of provisions for cash discounts, returns, customer discounts (such as volume or trade discounts), cooperative advertising and other sales-related discounts and programs. Under customer programs and arrangements that require sales incentives to be paid in advance, the Company amortizes the amount paid over the period of benefit or contractual sales volume. When incentives are paid in arrears, the Company accrues the estimated amount to be paid based on the program’s contractual terms, expected customer performance and/or estimated sales volume. The Company sells gift cards to customers in its retail stores, third-party retail stores and through consumer direct operations. Gift cards do not have an expiration date. At the point of sale of a gift card, the Company records deferred revenue. Gift card revenue is recognized when the gift card is redeemed by the customer or the likelihood of the gift card being redeemed by the customer is remote (“gift card breakage”). Gift card breakage income is recognized in proportion to the actual redemption of gift cards based on the Company’s historical redemption pattern and is included in net sales in the Company’s Consolidated Statements of Operations. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid investments that have a maturity of three months or less when purchased. Inventories Inventories are stated at the lower of cost or market value using the last-in, first-out (LIFO) or first-in, first-out (FIFO) methods (see Footnote 6 for additional information). The Company reduces its inventory value for estimated obsolete and slow-moving inventory in an amount equal to the difference between the cost of inventory and the net realizable value based upon estimates about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are expensed as incurred. Depreciation expense is calculated principally on the straight-line basis. Useful lives determined by the Company are as follows: buildings and improvements (20 - 40 years) and machinery and equipment (3 - 15 years). Goodwill and Other Indefinite-Lived Intangible Assets The Company conducts its annual test for impairment of goodwill and indefinite-lived intangible assets in the third quarter because it coincides with its annual strategic planning process. The Company evaluates goodwill for impairment annually at the reporting unit level. The Company also tests for impairment if events and circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. If the carrying amount of the reporting unit is greater than the fair value, impairment may be present. The Company assesses the fair value of each reporting unit for its goodwill impairment test based on a discounted cash flow model, an earnings multiple or an actual sales offer received from a prospective buyer, if available. Estimates critical to the Company’s fair value estimates using earnings multiples include the projected financial performance of the reporting unit and the applicable earnings multiple. Estimates critical to the Company’s fair value estimates under the discounted cash flow model include projected financial performance and cash flows of the reporting unit, the discount rate, long-term sales growth rate, product costs and the working capital investment required. The Company measures the amount of any goodwill impairment based upon the estimated fair value of the underlying assets and liabilities of the reporting unit, including any unrecognized intangible assets, and estimates the implied fair value of goodwill. An impairment charge is recognized to the extent the recorded goodwill exceeds the implied fair value of goodwill. The Company evaluates indefinite-lived intangible assets (primarily trademarks and trade names) for impairment annually. The Company also tests for impairment if events and circumstances indicate that it is more likely than not that the fair value of an indefinite-lived intangible asset is below its carrying amount. Estimates critical to the Company’s evaluation of indefinite-lived intangible assets for impairment include the discount rate, royalty rates used in its evaluation of trade names, projected average revenue growth and projected long-term growth rates in the determination of terminal values. An impairment charge is recorded if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value on the measurement date. See Footnote 8 for additional detail on goodwill and other intangible assets. Other Long-Lived Assets The Company tests its other long-lived assets for impairment in accordance with relevant authoritative guidance. The Company evaluates if impairment indicators related to its property, plant and equipment and other long-lived assets are present. These impairment indicators may include a significant decrease in the market price of a long-lived asset or asset group, a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition, or a current period operating or cash flow loss combined with a history of operating or cash flow losses or a forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group. If impairment indicators are present, the Company estimates the future cash flows for the asset or group of assets. The sum of the undiscounted future cash flows attributable to the asset or group of assets is compared to their carrying amount. The cash flows are estimated utilizing various projections of sales and expenses, working capital and proceeds from asset disposals on a basis consistent with the strategic plan. If the carrying amount exceeds the sum of the undiscounted future cash flows, the Company determines the assets’ fair value by discounting the future cash flows using a discount rate required for a similar investment of like risk and records an impairment charge as the difference between the fair value and the carrying value of the asset group. Generally, the Company performs its testing of the asset group at the product-line level, as this is the lowest level for which identifiable cash flows are available. Shipping and Handling Costs The Company records shipping and handling costs as a component of cost of products sold. Product Liability Reserves The Company has a self-insurance program for product liability that includes reserves for self-retained losses and certain excess and aggregate risk transfer insurance. The Company uses historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs in determining required product liability reserves. The Company’s actuarial evaluation methods take into account claims incurred but not reported when determining the Company’s product liability reserve. While the Company believes that it has adequately reserved for these claims, the ultimate outcome of these matters may exceed the amounts recorded by the Company, and such additional losses may be material to the Company’s Consolidated Financial Statements. Product Warranties In the normal course of business, the Company offers warranties for a variety of its products. The specific terms and conditions of the warranties vary depending upon the specific product and markets in which the products were sold. The Company accrues for the estimated cost of product warranty at the time of sale based on historical experience. Advertising Costs The Company expenses production costs of print, radio, television and other advertisements as of the first date the advertisements take place, and the Company expenses all other advertising and marketing costs when incurred. Advertising and promotion costs are recorded in selling, general and administrative expenses and totaled $587 million, $431 million and $214 million in 2017, 2016 and 2015, respectively. Research and Development Costs Research and development costs relating to both future and current products are charged to selling, general and administrative expenses as incurred. These costs totaled $224 million, $188 million and $113 million in 2017, 2016 and 2015, respectively. Derivative Financial Instruments Derivative financial instruments are generally used to manage certain commodity, interest rate and foreign currency risks. These instruments primarily include interest rate swaps, forward starting interest rate swaps, forward exchange contracts and options. The Company’s forward exchange contracts and options do not subject the Company to exchange rate risk because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. However, these instruments, when settled, impact the Company’s cash flows from operations to the extent the underlying transaction being hedged is not simultaneously settled due to an extension, a renewal or otherwise. On the date when the Company enters into a derivative, the derivative is designated as a hedge of the identified exposure. The Company measures effectiveness of its hedging relationships both at hedge inception and on an ongoing basis. Foreign Currency Operations Assets and liabilities of foreign subsidiaries are translated into U.S. Dollars at the rates of exchange in effect at year-end. The related translation adjustments are made directly to accumulated other comprehensive income (loss). Income and expenses are translated at the average monthly rates of exchange in effect during the year. Foreign currency transaction gains and losses are included in the results of operations and are generally classified in other (income) expense, net, in the Consolidated Statement of Operations. Foreign currency transaction net losses for 2017, 2016 and 2015 were $11.0 million, $2.2 million and $17.9 million, respectively. The Company designates certain foreign currency denominated, long-term intercompany financing transactions as being of a long-term investment nature and records gains and losses on the transactions arising from changes in exchange rates as translation adjustments. Venezuelan Operations Until December 31, 2015, the Company accounted for its Venezuelan operations using highly inflationary accounting, and therefore, the Company remeasured assets, liabilities, sales and expenses denominated in Bolivar Fuertes (“Bolivars”) into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments were included in earnings. As of December 31, 2015, the Company determined it could no longer exercise control over its Venezuela operations because the availability of U.S. Dollars had declined significantly over the past several years in each of Venezuela’s three exchange mechanisms. As a result, the Company deconsolidated its Venezuelan operations. Prior to the deconsolidation of the Venezuela operations on December 31, 2015, the results of the Company’s Venezuelan operations have been included in the Company’s Consolidated Statements of Operations for 2015 and all prior periods. As of December 31, 2015, the Company began accounting for its investment in its Venezuelan operations using the cost method of accounting, and the cost basis was adjusted to nil as of December 31, 2015. During the year ended December 31, 2015, the Venezuelan operations generated 2.2% of consolidated net sales and $51.1 million of the Company’s reported annual operating income, respectively. As a result of deconsolidating its Venezuelan operations, the Company recorded a charge of $173 million in 2015. The charge consisted of the write-off of the Company’s Venezuelan operations’ net assets of $74.7 million, as well as $58.3 million of Venezuela receivable-related assets held by other subsidiaries, resulting in $133 million of total charges associated with the deconsolidation of Venezuela’s net assets. In addition, in accordance with applicable accounting standards for foreign currency and the transition to the cost method for Venezuela’s operations, the Company was required to write-off the currency translation adjustment that arose prior to the application of hyperinflationary accounting in 2010 that was included in other comprehensive loss in equity. The write-off of the currency translation adjustment resulted in a pre-tax charge of $39.7 million. Since the Company holds all of the equity interests but does not have the power to direct the activities that most significantly affect the Venezuelan entity’s economic performance, the Company considers the Venezuelan entity a variable interest entity for which the Company is not the primary beneficiary. The Company has determined that the Venezuelan entity’s assets can only be used to settle its obligations. As of December 31, 2017, the Company has no outstanding exposures or commitments with respect to its Venezuelan operations. Further, dividends and payments for intercompany receivables due from the Company’s Venezuelan operations will be recorded as other income upon receipt. Income Taxes The Company accounts for deferred income taxes using the asset and liability approach. Under this approach, deferred income taxes are recognized based on the tax effects of temporary differences between the financial statement and tax bases of assets and liabilities, as measured by current enacted tax rates. Valuation allowances are recorded to reduce the deferred tax assets to an amount that will more likely than not be realized. The Company’s income tax provisions are based on calculations and assumptions that are subject to examination by various worldwide tax authorities. Although the Company believes that the positions taken on previously filed tax returns are reasonable, it has established tax, interest and penalty reserves in recognition that various taxing authorities may challenge the positions taken, which could result in additional liabilities for taxes, interest and penalties. The Company regularly reviews its deferred tax assets for recoverability considering historical profitability, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies. The authoritative guidance requires application of a “more likely than not” threshold to the recognition and derecognition of tax positions. The Company’s ongoing assessments of the more likely than not outcomes of tax authority examinations and related tax positions require significant judgment and can increase or decrease the Company’s effective tax rate, as well as impact operating results. Stock-Based Compensation Stock-based compensation expense is adjusted for estimated forfeitures and is recognized on a straight-line basis over the requisite service period of the award, which is generally three years for stock options and one to three years for restricted stock units and performance-based restricted stock units. The Company estimates future forfeiture rates based on its historical experience. See Footnote 15 for additional information. Recent Accounting Pronouncements Changes to U.S. Generally Accepted Accounting Principles (“GAAP”) are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The FASB also issued several amendments and updates to the new revenue standard. As amended, the new revenue standard will replace existing revenue recognition requirements in U.S. GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The new revenue standard will also require significantly expanded disclosures regarding the qualitative and quantitative information of the Company’s nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted the new standard on January 1, 2018, using the modified retrospective transition method and applying this approach to those contracts that were not completed as of that date. The Company is substantially complete with its business process reviews and changes to its controls to support recognition and disclosures under the new guidance. The Company does not expect the adoption of the standard to have a material impact on its consolidated financial statements and mainly expects presentation changes in the balance sheet and income statement from the transition to the new revenue standard, primarily due to reclassifications of certain costs and cash payments made to customers previously recorded in costs of products sold and selling, general and administrative expenses, with no impact on net income. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. ASU 2016-02 is effective for the Company on January 1, 2019. The Company is currently evaluating the effect of the adoption of ASU 2016-02 on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, “Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” ASU 2017-07 changes how employers that sponsor defined benefit pension plans and other postretirement plans present the net periodic benefit cost in the income statement. ASU 2017-07 requires that the service cost component of net periodic benefit cost be reported in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. ASU 2017-07 also allows only the service cost component to be eligible for capitalization, when applicable. This guidance is effective for annual periods beginning after December 15, 2017, with early adoption permitted. ASU 2017-07 is to be applied retrospectively for the income statement presentation requirements and prospectively for the capitalization requirements of the service cost component. The Company does not expect that the adoption of ASU 2017-17 will have a material impact on the Company’s consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU 2017-12 amends existing guidance to better align an entity’s risk management activities and financial reporting for hedging relationships. ASU 2017-12 also expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual periods. The Company is beginning to evaluate the impact the adoption of ASU 2017-22 will have on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU No. 2018-02 provides companies with an option to reclassify stranded tax effects within accumulated other comprehensive income (“AOCI”) to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. ASU No. 2018-02 also requires disclosure of a description of the accounting policy for releasing income tax effects from AOCI and whether an election was made to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act. ASU No. 2018-02 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Companies can adopt the provisions of ASU 2018-02 in either the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company is beginning to evaluate the impact the adoption of ASU 2018-02 will have on the Company’s consolidated financial statements. Other recently issued ASUs were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s consolidated financial position and results of operations. Adoption of New Accounting Guidance In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment.” ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. ASU 2017-04 is effective for annual or interim impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company adopted ASU 2017-04 during the third quarter of 2017 in connection with its annual goodwill impairment testing. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation: Improvement to Employee Share-Based Payment Accounting.” ASU 2016-09 provides guidance intended to simplify accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The guidance is effective for interim and annual periods beginning after December 15, 2016. The new standard requires: (1) excess tax benefits and tax deficiencies related to share-based awards to be recognized as income tax benefit or expense on a prospective basis in the reporting period in which they vest; (2) excess tax benefits from share-based payment arrangements to be presented within operating activities and withholding tax payments upon vesting of restricted stock units to be presented within financing activities within the cash flow statement; (3) permits the employer to repurchase more of an employee’s shares for tax withholding purposes and not classify the award as a liability that requires valuation on a mark-to-market basis; and (4) allows for a policy election to account for forfeitures as they occur. The Company adopted this guidance in the first quarter of 2017 and decided to continue its policy of estimating forfeitures. The Company has also elected to retrospectively reclassify the prior year cash flows related to excess tax benefits from share-based payment arrangements from financing activities to operating activities within the consolidated statements of cash flows. The Company adopted this guidance in the first quarter of 2017 and it did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company. In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory,” which modified existing requirements regarding measuring first-in, first-out and average cost inventory at the lower of cost or market. Under past standards, the market amount requires consideration of replacement cost, net realizable value (“NRV”), and NRV less an approximately normal profit margin. ASU 2015-11 replaces market with NRV, defined as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This eliminates the need to determine and consider replacement cost or NRV less an approximately normal profit margin when measuring inventory. This guidance is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance in the first quarter of 2017 and it did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

Acquisitions and Mergers

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Acquisitions and Mergers

FOOTNOTE 2

Acquisitions and Mergers

2017 Activity

In September 2017, the Company acquired Chesapeake Bay Candle, a leading developer, manufacturer and marketer of premium candles and other home fragrance products, focused on consumer wellness and natural fragrance, for a cash purchase price of approximately $75 million. Chesapeake Bay Candle is included in the Live segment from the date of acquisition. Net sales and operating income related to Chesapeake Bay Candle for 2017 were not material to the Company’s consolidated financial statements.

In April 2017, the Company acquired Sistema Plastics (“Sistema”), a leading New Zealand based manufacturer and marketer of innovative food storage containers with strong market shares and presence in Australia, New Zealand, U.K. and parts of continental Europe for a cash purchase price of approximately $472 million. Based on the Company’s independent valuation, the Company allocated the total purchase price, net of cash acquired, to the identifiable tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. Based on the purchase price allocation, net of cash acquired, the Company allocated approximately $39 million to identified net assets, $291 million to identified intangible assets and $142 million to goodwill. Sistema is included in the Live segment from the date of acquisition. Net sales and operating income related to Sistema for 2017 were not material to the Company’s consolidated financial statements.

In January 2017, the Company acquired Smith Mountain Industries (“Smith Mountain”), a leading provider of premium home fragrance products, sold primarily under the WoodWick^® Candle brand, for a cash purchase price of approximately $100 million. Smith Mountain is included in the Live segment from the date of acquisition. Net sales and operating income related to Smith Mountain for 2017 were not material to the Company’s consolidated financial statements.

2016 Activity

On April 15, 2016, Jarden Corporation (“Jarden”) became a direct wholly-owned subsidiary of Newell Brands Inc., as a result of a series of merger transactions (the “Jarden Acquisition”). The Jarden Acquisition was effected pursuant to an Agreement and Plan of Merger, dated as of December 13, 2015 (the “Merger Agreement”), among the Company, Jarden and two wholly-owned subsidiaries of the Company. Following the Jarden Acquisition, the Company was renamed Newell Brands Inc. Jarden was a leading, global consumer products company with leading brands, such as Yankee Candle^®, Crock-Pot^®, FoodSaver^®, Mr. Coffee^®, Oster^®, Coleman^®, First Alert^®, Rawlings^®, Jostens^®, Marmot^® and many others. The Jarden Acquisition enables the Company to scale the enterprise with leading brands in global markets. The scale of the Company in key categories, channels and geographies enables it to deploy its strategy, which includes advantaged development and commercial capabilities, across a larger set of opportunities to generate accelerated growth and margin expansion. The Jarden Acquisition was accounted for using the purchase method of accounting, and Jarden’s assets, liabilities and results of operations are included in the Company’s financial statements from the acquisition date. Adjustments made to the purchase price allocation during 2017, primarily relate to goodwill and other intangible assets (see Footnote 8).

Pursuant to the Merger Agreement, each share of Jarden common stock was exchanged for 0.862 of a share of the Company’s common stock plus $21.00 in cash. The total merger consideration, including debt assumed, was approximately $18.7 billion. The aggregate consideration paid or payable to the Jarden shareholders and convertible note holders was approximately $15.3 billion and was comprised of a cash payment of approximately $5.4 billion, the issuance of 213.9 million common shares of the Company with a fair value of approximately $9.9 billion and accrued merger consideration of $627 million. The accrued merger consideration at acquisition related to approximately 9.1 million shares of the Company’s common stock that had not been issued and $222 million in cash that had not been paid as of the date of the acquisition for shares of Jarden common stock held by dissenting Jarden shareholders who exercised their appraisal rights and are seeking an appraisal of such shares. In July 2017, approximately 6.6 million shares of the Company’s common stock (representing the stock component of the merger consideration) were issued and approximately $162 million (representing the cash component of the merger consideration) was paid to certain dissenting shareholders pursuant to settlement agreements (see Footnote 19). At December 31, 2017, the Company has accrued approximately $171 million of unpaid consideration related to approximately 2.5 million shares of the Company’s common stock that have not been issued and approximately $61 million of cash that has not been paid.

The following unaudited pro forma financial information presents the combined results of operations of Newell Rubbermaid and Jarden for 2016 as if the Jarden Acquisition had occurred on January 1, 2015. The unaudited pro forma financial information is not intended to represent or be indicative of the Company’s consolidated results of operations that would have been reported had the Jarden Acquisition been completed as of January 1, 2015 and should not be taken as indicative of the Company’s future consolidated results of operations. The Company expects to incur restructuring and other integration costs that are not included in the pro forma results of operations presented below. Pro forma adjustments are tax-effected at the Company’s estimated statutory tax rates.


	Year Ended December 31,
(in millions, except per share data)	2016		2015
Net sales	$	15,657.6	$	14,519.6
Net income (loss)		748.0		(254.9	)
Income (loss) per share:
Basic	$	1.55	$	(0.53	)
Diluted	$	1.54	$	(0.53	)

The unaudited pro forma financial information for 2016 and 2015 includes $201 million and $181 million, respectively, for the amortization of acquired intangibles from the Jarden Acquisition based on the purchase price allocation, which was finalized during the second quarter of 2017.

Net sales and operating income related to Jarden Acquisition for 2016 were $7.3 billion and $509 million, respectively.

2015 Activity

During October 2015, the Company acquired Elmer’s Products, Inc. (“Elmer’s”) for a purchase price of $571 million, net of cash acquired. Elmer’s, whose brands include Elmer’s^®, Krazy Glue^® (a trademark of Toagosei Co. Ltd., used with permission) and X-Acto^®, is a provider of activity-based adhesive and cutting products that inspire creativity in the classroom, at home, in the office, in the workshop and at the craft table. Elmer’s is reported as part of the Company’s Learn segment. The Company’s 2015 consolidated statement of operations includes approximately $36.3 million of net sales related to Elmer’s. Pro forma results of operations of the Company would not be materially different as a result of the Elmer’s acquisition and therefore are not presented.

Other Items

The goodwill associated with the acquisitions is primarily attributable to synergies expected to arise after the acquisitions. At December 31, 2017, approximately $357 million of the goodwill is expected to be deductible for income tax purposes.

Divestitures and Planned Divestitures

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Divestitures and Planned Divestitures

FOOTNOTE 3

Divestitures and Planned Divestitures

Based on the Company’s strategy to allocate resources to its businesses relative to their growth potential and those with the greater right to win in the marketplace, the Company determined that certain businesses as described below did not align with the Company’s long-term growth plans, which led to the decisions to divest or cease operations of these businesses.

Discontinued Operations

The Company’s Endicia and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. During 2015, the Company sold Endicia for net proceeds of $209 million resulting in a pretax gain of $154 million. During 2015, the Company ceased operations in its Culinary electrics and retail businesses.

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the Endicia and Culinary electrics and retail businesses (in millions):


	2017		2016			2015
Net sales	$	—	$	—		$	56.5

Loss from discontinued operations before income taxes	$	—	$	(1.9	)	$	(7.7	)
Income tax benefit		—		(0.6	)		(2.8	)

Loss from discontinued operations		—		(1.3	)		(4.9	)
Net gain from sale of discontinued operations, net of tax		—		0.6			95.6

Income (loss) from discontinued operations, net of tax	$	—	$	(0.7	)	$	90.7

Divestitures

On July 14, 2017, the Company sold its Winter Sports business for a selling price of approximately $240 million, subject to customary working capital adjustments. For 2017 and 2016, net sales from the Winter Sports business were not material. During 2017, the Company recorded an impairment charge of $59.1 million related to the writedown of the carrying value of the net assets of the Winter Sports business based on the expected proceeds to be received. Of this impairment charge, $12.6 million related to the impairment of goodwill and $46.5 million related to the impairment of other intangible assets. The Company recorded a pre-tax loss on sale of $47.6 million driven by funding the business’ working capital needs and withholding taxes between June 30, 2017 and July 14, 2017, which is included in other expense (income), net in consolidated statement of operations for 2017.

During 2017, the Company sold its Rubbermaid^® consumer storage totes business, its stroller business under the Teutonia^® brand, its Lehigh business, its firebuilding business and its triathlon apparel business under the Zoot^® and Squadra^® brands. The selling prices for these businesses were not material. Based on the consideration, during 2017 the Company recorded impairment charges of $15.3 million related to the write down of the carrying value of the net assets of the firebuilding and Teutonia^® stroller businesses to their estimated fair market value. The Company sold the firebuilding business to Royal Oak Enterprises, LLC (“Royal Oak”). Former company directors Martin E. Franklin and Ian G.H. Ashken are affiliates of Royal Oak and were company directors during 2017.

In March 2017, the Company completed the sale of its Tools business, including the Irwin^®, Lenox^® and Hilmor^® brands. The selling price was $1.95 billion, subject to customary working capital adjustments. The net assets of the Tools business were approximately $1.1 billion, including approximately $711 million of goodwill, resulting in a pretax gain of $768 million, which is included in other (income) expense, net in the consolidated statement of operations for 2017. For 2016 and 2015, the Tools business generated 5.5% and 12.9%, respectively, of the Company’s consolidated net sales. Net sales for the Tools business in 2017 were not material. The Tools business was reported in the Other segment up until its date of disposition.

In June 2016, the Company sold its Décor business, including Levolor^® and Kirsch^® window coverings and drapery hardware, for consideration, net of fees, of approximately $224 million, resulting in a pretax gain of $160 million, which is included in other (income) expense, net for 2016. For 2016 and 2015, the Décor business generated 1.1% and 5.1%, respectively, of the Company’s consolidated net sales.

During 2015, the Company divested its Rubbermaid^® medical cart business, which focuses on optimizing nurse work flow and medical records processing in hospitals and was included in the Work segment. The Company sold substantially all of the assets of the Rubbermaid medical cart business in August 2015. The consideration exchanged was not material. The Rubbermaid^® medical cart business was included in the consolidated results from continuing operations until it was sold in August 2015. For 2015, net sales from the Rubbermaid^® medical cart business were not material.

Held for Sale

During 2016, the Company committed to plans to divest several businesses and brands, most of which were disposed of during 2017, to strengthen the portfolio to better align with the long-term growth plan.

The following table presents information related to the major classes of assets and liabilities that were classified as assets and liabilities held for sale in the Consolidated Balance Sheets as of December 31, (in millions):


	2017		2016
Accounts receivable, net	$	—	$	164.4
Inventories, net		—		311.6
Prepaid expenses and other		—		24.3
Property, plant and equipment, net		4.0		224.9
Goodwill		—		762.5
Other intangible assets, net		—		244.5
Other assets		—		13.5

Total Assets Held for Sale	$	4.0	$	1,745.7

Accounts payable	$	—	$	88.2
Accrued compensation		—		35.3
Other accrued liabilities		—		81.6
Short-term debt and current portion long-term debt		—		4.3
Other noncurrent liabilities		—		131.1

Total Liabilities Held for Sale	$	—	$	340.5

Stockholders' Equity

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Stockholders' Equity

FOOTNOTE 4

Stockholders’ Equity

The following tables display the components of AOCI as of and for the years ended December 31, 2017 and 2016 (in millions):


	Cumulative Translation Adjustment			Pension and Postretirement Costs			Derivative Financial Instruments			AOCI
Balance at December 31, 2015	$	(411.7	)	$	(422.3	)	$	0.2		$	(833.8	)
Other comprehensive (loss) income before reclassifications		(198.0	)		10.0			(48.0	)		(236.0	)
Amounts reclassified to earnings		1.8			12.3			10.9			25.0

Net current period other comprehensive income (loss)		(196.2	)		22.3			(37.1	)		(211.0	)

Balance at December 31, 2016	$	(607.9	)	$	(400.0	)	$	(36.9	)	$	(1,044.8	)
Other comprehensive (loss) income before reclassifications		201.7			6.6			(27.8	)		180.5
Amounts reclassified to earnings		87.4			7.9			5.9			101.2

Net current period other comprehensive income (loss)		289.1			14.5			(21.9	)		281.7

Balance at December 31, 2017	$	(318.8	)	$	(385.5	)	$	(58.8	)	$	(763.1	)

For 2017, 2016 and 2015 reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were a pre-tax expense of $14.6 million, $16.5 million and $74.1 million, respectively, and primarily represent the amortization of net actuarial losses and plan settlements (see Footnote 13). These costs are recorded in selling, general and administrative expenses and cost of sales. For 2017, 2016 and 2015, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were pre-tax (loss) income of ($8.3) million, ($12.0) million and $14.3 million, respectively (see Footnote 11). The amounts reclassified to earnings from the cumulative translation adjustment are due to divestitures (see Footnote 3).

The income tax provision (benefit) allocated to the components of OCI are as follows (in millions):


	2017			2016			2015
Foreign currency translation adjustments	$	0.5		$	—		$	10.3
Unrecognized pension and postretirement costs		12.3			19.6			41.1
Derivative hedging (loss) gain		(8.7	)		(20.7	)		0.6

Income tax provision (benefit) related to OCI	$	4.1		$	(1.1	)	$	52.0

Restructuring Costs

12 Months Ended

Dec. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring Costs

FOOTNOTE 5

Restructuring Costs

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management and are periodically updated for changes. Restructuring amounts also include amounts recognized as incurred.

As part of the Jarden Acquisition, the Company initiated a comprehensive strategic assessment of the business and launched a new corporate strategy that focuses the portfolio, prioritizes investment in the categories with the greatest potential for growth, and extends the Company’s advantaged capabilities in insights, product design, innovation, andE-commerce to the broadened portfolio. This new corporate strategy is called the Growth Game Plan and builds on the successful track record of growth acceleration, margin development, and value creation associated with the transformation of Newell Rubbermaid from 2011 through 2016.

Project Renewal

In April 2015, the Company committed to a further expansion of Project Renewal (the “April 2015 Expansion”). Project Renewal was initially launched in October 2011 to reduce the complexity of the organization and increase investment in growth platforms within the business. Under Project Renewal, the Company has simplified and aligned its businesses around two key activities—Brand & Category Development and Market Execution & Delivery. Pursuant to an expansion of Project Renewal in October 2014, the Company has: (i) further streamlined its supply chain function, including reducing overhead and realigning the supply chain management structure; (ii) invested in value analysis and value engineering efforts to reduce product and packaging costs; (iii) reduced operational and manufacturing complexity in its Learn segment; and (iv) further streamlined its distribution and transportation functions. Under the April 2015 Expansion, the Company has further implemented additional activities designed to further streamline business partnering functions (e.g., Finance/IT, Legal and Human Resources), optimize global selling and trade marketing functions and rationalize the Company’s real estate portfolio. Project Renewal was completed by the end of 2017, and as a result, additional cash payments and savings will be realized thereafter.

Accrued restructuring cost activity for Project Renewal for 2017 and 2016 is as follows (in millions):


	Balance at December 31, 2016		Restructuring Costs		Payments, Foreign Currency and Other			Balance at December, 31 2017
Employee severance, termination benefits and relocation costs	$	15.8	$	2.3	$	(7.1	)	$	11.0
Exited contractual commitments and other		17.4		17.1		(9.5	)		25.0

	$	33.2	$	19.4	$	(16.6	)	$	36.0


	Balance at December 31, 2015		Restructuring Costs			Payments, Foreign Currency and Other			Balance at December, 31 2016
Employee severance, termination benefits and relocation costs	$	49.3	$	(9.1	)	$	(24.4	)	$	15.8
Exited contractual commitments and other		17.3		19.0			(18.9	)		17.4

	$	66.6	$	9.9		$	(43.3	)	$	33.2

During 2015, the Company incurred $52.4 million of restructuring costs related to Project Renewal.

Jarden Integration

The Company currently expects to incur up to approximately $1.0 billion of restructuring and other costs through 2021 to integrate the legacy Newell Rubbermaid and Jarden businesses (the “Jarden Integration”). Initially, integration projects will primarily be focused on driving cost synergies in procurement, overhead functions and organizational changes designed to redefine the operating model of the Company from a holding company to an operating company. Restructuring costs associated with integration projects are expected to include employee-related cash costs, including severance, retirement and other termination benefits, and contract termination and other costs. In addition, other costs associated with the Jarden Integration include advisory and personnel costs for managing and implementing integration projects.

Other Restructuring

In addition to Project Renewal, the Company has incurred restructuring costs primarily relating to the Jarden Acquisition and the Elmer’s acquisition. Accrued restructuring cost activity for the Jarden Integration and other restructuring for 2017 and 2016 is as follows (in millions):


	Balance at December 31, 2016		Restructuring Costs		Payments, Foreign Currency and Other			Balance at December 31, 2017
Employee severance, termination benefits and relocation costs	$	38.2	$	83.9	$	(70.3	)	$	51.8
Exited contractual commitments and other		0.5		8.6		(3.1	)		6.0

	$	38.7	$	92.5	$	(73.4	)	$	57.8


	Balance at December 31, 2015		Restructuring Costs		Payments, Foreign Currency and Other			Balance at December 31, 2016
Employee severance, termination benefits and relocation costs	$	0.8	$	56.2	$	(18.8	)	$	38.2
Exited contractual commitments and other		—		8.8		(8.3	)		0.5

	$	0.8	$	65.0	$	(27.1	)	$	38.7

Cash paid for all restructuring activities included in operating activities was $78.5 million, $59.9 million and $51.5 million for 2017, 2016 and 2015 , respectively.

Restructuring Costs

Restructuring costs by segment for all restructuring activities in continuing operations for the periods indicated are as follows (in millions):


	2017		2016		2015
Live	$	14.0	$	18.8	$	3.6
Learn		10.1		14.0		9.3
Work		11.6		6.4		7.7
Play		14.3		6.7		0.3
Other		6.1		8.1		2.9
Corporate		55.8		20.9		53.4

	$111.9		$74.9		$77.2

Inventories, Net

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Inventories, Net

FOOTNOTE 6

Inventories, Net

The components of net inventories were as follows as of December 31, (in millions):


	2017		2016
Raw materials and supplies	$	419.6	$	350.7
Work-in-process		252.5		236.1
Finished products		1,826.7		1,529.2

Total inventories	$	2,498.8	$	2,116.0

Inventory costs include direct materials, direct labor and manufacturing overhead, or when finished goods are sourced, the cost is the amount paid to the third party. Approximately 19.9% and 17.5% of gross inventory costs at December 31, 2017 and 2016, respectively, were determined by the last-in, first-out (“LIFO”) method; for the balance, cost was determined using the first-in, first-out (“FIFO”) method. As of December 31, 2017 and 2016, LIFO reserves were $13.6 million and $16.6 million, respectively. The pretax income from continuing operations recognized by the Company related to the liquidation of LIFO-based inventories in 2017, 2016 and 2015 was $1.4 million, $2.9 million and $1.5 million, respectively.

Property, Plant & Equipment, Net

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment, Net

FOOTNOTE 7

Property, Plant & Equipment, Net

Property, plant and equipment, net, consisted of the following as of December 31, (in millions):


	2017			2016
Land	$	108.2		$	108.4
Buildings and improvements		757.3			653.0
Machinery and equipment		2,777.7			2,454.6

		3,643.2			3,216.0
Less: Accumulated depreciation		(1,935.7	)		(1,672.6	)

	$	1,707.5		$	1,543.4

Depreciation expense for continuing operations was $284 million, $214 million and $93.0 million in 2017, 2016 and 2015, respectively.

Goodwill and Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

FOOTNOTE 8

Goodwill and Other Intangible Assets, Net

A summary of changes in the Company’s goodwill by reportable business segment is as follows for 2017 and 2016 (in millions):


Segment	Balance at December 31, 2016		Acquisitions		Other Adjustments (1)			Impairment (3)		Foreign Currency			Balance at December 31, 2017
Live	$	3,639.9	$	201.7	$	45.8		$	—	$	23.4		$	3,910.8
Learn		2,785.4		—		3.9			—		64.9			2,854.2
Work		1,871.0		—		(16.9	)		—		27.7			1,881.8
Play		1,161.4		—		(7.6	)		—		5.5			1,159.3
Other		761.2		—		(9.7	)		—		2.5			754.0

	$	10,218.9	$	201.7	$	15.5		$	—	$	124.0		$	10,560.1


Segment	Balance at December 31, 2015		Acquisitions		Other Adjustments (2)			Impairment (3)		Foreign Currency			Balance at December 31, 2016
Live	$	376.9	$	3,315.0	$	(28.5	)	$	—	$	(23.5	)	$	3,639.9
Learn		1,359.0		1,442.4		—			—		(16.0	)		2,785.4
Work		387.3		1,510.7		—			—		(27.0	)		1,871.0
Play		174.7		991.9		—			—		(5.2	)		1,161.4
Other		493.3		1,011.6		(734.0	)		—		(9.7	)		761.2

	$	2,791.2	$	8,271.6	$	(762.5	)	$	—	$	(81.4	)	$	10,218.9

(1)	Comprised primarily of adjustments related to the Jarden Acquisition, whose purchase price allocation was finalized during the second quarter of 2017 (see Footnote 2).

(2)	Includes amounts reclassified to assets held for sale.

(3)	The Company recorded impairment charges to goodwill related to its Winter Sports and fire building businesses during 2017, which were classified as assets held for sale (see Footnote 3).

Cumulative goodwill impairment charges were $860 million as of December 31, 2017, $425 million from the Live Segment and $435 million from the Learn segment.

The table below summarizes the balance of other intangible assets, net and the related amortization periods using the straight-line method and attribution method as of December 31, (in millions):


	2017							2016
	Gross Carrying Amount (1)		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value		Amortization Periods (in years)
Trade names — indefinite life	$	10,210.8	$	—		$	10,210.8	$	9,935.1	$	—		$	9,935.1	N/A
Trade names — other		366.9		(58.5	)		308.4		286.3		(34.2	)		252.1	3–30 years
Capitalized software		558.6		(349.6	)		209.0		482.0		(252.9	)		229.1	3–12 years
Patents and intellectual property		252.1		(142.8	)		109.3		227.9		(105.0	)		122.9	3–14 years
Customer relationships and distributor channels		3,703.2		(377.8	)		3,325.4		3,761.7		(204.0	)		3,557.7	3–30 years
Other		135.6		(62.5	)		73.1		25.9		(11.0	)		14.9	3–5 years

	$	15,227.2	$	(991.2	)	$	14,236.0	$	14,718.9	$	(607.1	)	$	14,111.8

(1)	Includes adjustments made related to the Jarden Acquisition purchase price allocation, which was finalized during the second quarter of 2017, as well as amounts from the acquisitions of Smith Mountain, Sistema and Chesapeake Bay Candle (see Footnote 2).

Amortization expense for intangible assets for continuing operations was $352 million, $223 million and $76.5 million in 2017, 2016 and 2015, respectively.

As of December 31, 2017, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):


Years Ending December 31,	Amount
2018	$	340.0
2019		328.3
2020		267.6
2021		224.0
2022		205.4
Thereafter		2,659.9

Subsequent Events

In January 2018, the Company announced it is exploring strategic options for its industrial and commercial product assets, including Waddington, Process Solutions, Rubbermaid Commercial Products and Mapa, as well as the smaller consumer businesses, including Rawlings, Goody, Rubbermaid Outdoor, Closet, Refuse and Garage, and U.S. Playing Cards. The estimated selling price for each of these businesses is subject to many factors, including but not limited to, the number of prospective buyers, buyer’s strategic fit and synergies and nature of the sales transaction. The Company may incur future impairment charges if the carrying value of the business exceeds its estimated sales price.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities

12 Months Ended

Dec. 31, 2017

Other Accrued Liabilities

FOOTNOTE 9

Other Accrued Liabilities

Other accrued liabilities included the following as of December 31, (in millions):


	2017		2016
Customer accruals	$	447.7	$	432.4
Accruals for manufacturing, marketing and freight expenses		60.7		89.3
Accrued self-insurance liabilities, contingencies and warranty		179.6		168.1
Deferred revenue		180.4		187.5
Derivative liabilities		27.4		14.7
Accrued income taxes		217.6		64.9
Accrued interest expense		100.1		108.5
Other		491.9		399.5

Other accrued liabilities	$	1,705.4	$	1,464.9

Customer accruals are promotional allowances and rebates, including cooperative advertising, given to customers in exchange for their selling efforts and volume purchased as well as allowances for returns. Payments for annual rebates and other customer programs are generally made in the first quarter of the year. Self-insurance liabilities relate to casualty liabilities such as workers’ compensation, general and product liability and auto liability and are estimated based upon historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs.

Debt

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Debt

FOOTNOTE 10

Debt

The following is a summary of outstanding debt as of December 31, (in millions):


	2017			2016
2.05% senior notes due 2017	$	—		$	349.4
6.25% senior notes due 2018		—			249.8
2.15% senior notes due 2018		299.5			298.9
2.60% senior notes due 2019		266.7			995.0
2.875% senior notes due 2019		348.6			347.9
4.70% senior notes due 2020		304.3			380.0
3.15% senior notes due 2021		993.6			991.7
3.75% senior notes due 2021		373.2			326.9
4.00% senior notes due 2022		248.8			248.5
3.85% senior notes due 2023		1,738.8			1,737.0
5.00% senior notes due 2023		312.1			314.1
4.00% senior notes due 2024		495.8			495.2
3.90% senior notes due 2025		297.2			296.8
4.20% senior notes due 2026		1,982.7			1,981.0
5.375% senior notes due 2036		495.0			494.7
5.50% senior notes due 2046		1,726.0			1,725.7
Term loan (1)		299.8			399.5
Commercial paper		—			—
Receivables facility		298.3			187.4
Other debt		72.0			73.3

Total debt		10,552.4			11,892.8
Short-term debt and current portion of long-term debt		(662.8	)		(601.9	)

Long-term debt	$	9,889.6		$	11,290.9

(1) At December 31, 2017, the interest rate on the term loan, which matures in April 2019, was approximately 3.1%

Senior Notes

In March 2017, the Company commenced cash tender offers (the “Tender Offers”) totaling approximately $1.06 billion for any and all of its 6.25% senior notes due 2018 and up to a maximum aggregate principal amount of certain of its other senior notes. In March 2017, pursuant to the Tender Offers the Company repurchased approximately $63 million aggregate principal amount of its 6.25% senior notes due 2018, approximately $733 million aggregate principal amount of its 2.6% senior notes due 2019 and approximately $76 million aggregate principal amount of its 4.0% senior notes due 2020 for total consideration, excluding accrued interest, of approximately $897 million. As a result of these debt extinguishments, the Company recorded a loss on the extinguishment of debt of $27.8 million during the first quarter of 2017, primarily comprised of prepayment premiums and a non-cash charge due to the write-off of deferred debt issuance costs.

In April 2017, the Company redeemed the remaining approximately $187 million aggregate principal amount of its 6.25% senior notes due 2018 for total consideration, excluding accrued interest of approximately $195 million. As a result of this debt extinguishment, the Company recorded a loss on the extinguishment of debt of $4.5 million during the three months ended June 30, 2017, primarily comprised of prepayment premiums, partially offset by the write-off of a deferred gain on previously terminated interest rate swaps.

Generally, the senior notes are redeemable by the Company at a price equal to the greater of (i) the aggregate principal amount of the senior notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Additionally, generally within three and six months to scheduled maturity, depending on the debt instrument, the senior notes may be redeemed at a price equal to the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest.

Revolving Credit Facility and Commercial Paper

The Company maintains a $1.25 billion revolving credit facility that matures in January 2022 (the “Facility”). Under the Facility, the Company may borrow funds on a variety of interest rate terms. The Facility also provides for the issuance of up to $100 million of letters of credit, so long as there is a sufficient amount available for borrowing under the Facility.

Receivables Facility

The Company maintains a $950 million receivables purchase agreement that matures in October 2019 (the “Securitization Facility”) and bears interest at a margin over a variable interest rate. At December 31, 2017, the borrowing rate margin and the unused line fee on the Securitization Facility were 0.80% and 0.40% per annum, respectively.

Future Debt Maturities

The Company’s debt maturities for the five years following December 31, 2017 and thereafter are as follows (in millions):


2018	2019	2020	2021	2022	Thereafter	Total
$671.9	$919.2	$306.8	$1,362.0	$251.2	$7,103.7	$10,614.8

Other

The indentures governing the Company’s senior notes contain usual and customary nonfinancial covenants. The Company’s borrowing arrangements other than the senior notes contain usual and customary nonfinancial covenants and certain financial covenants, including minimum interest coverage and maximum debt-to-total-capitalization ratios.

At December 31, 2017 and 2016, unamortized deferred debt issue costs were $68.9 and $80.1. These costs are included in total debt and are being amortized over the respective terms of the underlying debt.

The fair values of the Company’s senior notes are based on quoted market prices and are as follows (in millions):


	December 31, 2017				December 31, 2016
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	10,688.5	$	9,882.3	$	11,979.2	$	11,234.1

The carrying amounts of all other significant debt approximates fair value.

Net Investment Hedge

The Company has designated the €300.0 million principal balance of the 3.75% senior notes due October 2021 as a net investment hedge of the foreign currency exposure of its net investment in certain Euro-functional currency subsidiaries with Euro-denominated net assets. At December 31, 2017, $19.7 million of deferred losses have been recorded in AOCI. See Footnote 11 for disclosures regarding the Company’s derivative financial instruments.

Derivatives

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

FOOTNOTE 11

Derivatives

From time to time, the Company enters into derivative transactions to hedge its exposures to interest rate, foreign currency rate and commodity price fluctuations. The Company does not enter into derivative transactions for trading purposes.

Interest Rate Contracts

The Company manages its fixed and floating rate debt mix using interest rate swaps. The Company may use fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. Floating rate swaps would be used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps would be used to reduce the Company’s risk of the possibility of increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision. Gains and losses recognized in income, as well as the cash paid and received from the settlement of interest rate swaps is included in interest expense.

Fair Value Hedges

At December 31, 2017, the Company had approximately $527 million notional amount of interest rate swaps that exchange a fixed rate of interest for variable rate (LIBOR) of interest plus a weighted average spread. These floating rate swaps are designated as fair value hedges against $277 million of principal on the 4.7% senior notes due 2020 and $250 million of principal on the 4.0% senior notes due 2024 for the remaining life of these notes. The effective portion of the fair value gains or losses on these swaps is offset by fair value adjustments in the underlying debt.

Cross-Currency Contracts

The Company uses cross-currency swaps to hedge foreign currency risk on certain intercompany financing arrangements with foreign subsidiaries. As of December 31, 2017, the notional value of outstanding cross-currency interest rate swaps was approximately $160 million. The cross-currency interest rate swaps are intended to eliminate uncertainty in cash flows in U.S. Dollars and British Pounds in connection with the intercompany financing arrangements. The effective portions of the changes in fair values of these cross-currency interest rate swap agreements are reported in AOCI and an amount is reclassified out of AOCI into other (income) expense, net, which is offset in the same period by the remeasurement in the carrying value of the underlying foreign currency intercompany financing arrangements being hedged. Gains and losses recognized in income on these cross-currency swaps are included in other (income) expense, net.

Foreign Currency Contracts

The Company uses forward foreign currency contracts to mitigate the foreign currency exchange rate exposure on the cash flows related to forecasted inventory purchases and sales and have maturity dates through September 2018. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted for as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in the statements of operations as the underlying hedged item. At December 31, 2017, the Company had approximately $260 million notional amount outstanding of forward foreign currency contracts that are designated as cash flow hedges of forecasted inventory purchases and sales. Gains and losses recognized in income on these forward foreign currency contracts are included in sales and cost of sales.

The Company also uses foreign currency contracts, primarily forward foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At December 31, 2017, the Company had approximately $1.5 billion notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through November 2018. Fair market value gains or losses are included in the results of operations and are classified in other (income) expense, net.

The following table presents the fair value of derivative financial instruments as of December 31, (in millions):


	2017				2016
	Fair Value of Derivatives				Fair Value of Derivatives
	Asset (a)		Liability (a)		Asset (a)		Liability (a)
Derivatives designated as effective hedges:
Cash flow hedges:
Cross-currency swaps	$	—	$	21.5	$	0.7	$	16.3
Foreign currency contracts		2.0		6.6		14.2		3.4
Fair value hedges:
Interest rate swaps		—		7.8		—		5.9
Derivatives not designated as effective hedges:
Foreign currency contracts		12.7		20.8		18.2		10.9
Commodity contracts		0.2		—		0.2		0.3

Total	$	14.9	$	56.7	$	33.3	$	36.8

(a)	Consolidated balance sheet location:

Asset: Prepaid expenses and other, and other non-current assets

Liability: Other accrued liabilities, and other non-current liabilities

The Company recognized expense (income) of $41.5 and ($25.6) million in other (income) expense, net, during the years ended December 31, 2017 and 2016, respectively, related to derivatives that are not designated as hedging instruments. The amounts of gains (losses) from changes in the fair value of derivatives not designated as hedging instruments was not material for the year ended December 31, 2015.

The Company is not a party to any derivatives that require collateral to be posted prior to settlement.

Cash Flow Hedges

The following table presents gain and loss activity (on a pretax basis) for 2017, 2016 and 2015 related to derivative financial instruments designated as effective hedges (in millions):


	2017						2016						2015
	Gain/(Loss)						Gain/(Loss)						Gain/(Loss)
	Recognized in OCI(a)			Reclassified from AOCI to Income			Recognized in OCI(a)			Reclassified from AOCI to Income			Recognized in OCI(a)				Reclassified from AOCI to Income
Interest rate swaps	$	—		$	(8.2	)	$	(88.1	)	$	(6.2	)	$		(3.1	)	$	(0.8	)
Foreign currency contracts		(33.1	)		6.8			31.3			7.4				15.8			16.1
Cross-currency swaps		(5.8	)		(6.9	)		(13.0	)		(13.2	)			(2.7	)		(1.0	)

Total	$	(38.9	)	$	(8.3	)	$	(69.8	)	$	(12.0	)		$	10.0		$	14.3

(a) Represents effective portion recognized in Other Comprehensive Income (“OCI”).

The ineffectiveness related to cash flow hedges during 2017, 2016 and 2015 was not material. The Company estimates that during the next 12 months it will reclassify expense of approximately $15 million into earnings, which is included in the pretax amount recorded in AOCI as of December 31, 2017.

Commitments

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments

FOOTNOTE 12

Commitments

The Company leases manufacturing, warehouse and other facilities; real estate; and transportation, data processing and other equipment under leases that expire at various dates through the year 2036. Rent expense, which is recognized on a straight-line basis over the life of the lease term, for continuing operations, was $268 million, $216 million and $105 million in 2017, 2016 and 2015, respectively.

Future minimum rental payments for operating leases with initial or remaining terms in excess of one year are as follows as of December 31, 2017 (in millions):


2018	2019	2020	2021	2022	Thereafter	Total
$215.4	$178.8	$140.1	$114.0	$95.3	$324.7	$1,068.3

Employee Benefit and Retirement Plans

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Employee Benefit and Retirement Plans

FOOTNOTE 13

Employee Benefit and Retirement Plans

The Company and its subsidiaries have noncontributory pension, profit sharing and contributory 401(k) plans covering substantially all of their international and domestic employees. Plan benefits are generally based on years of service and/or compensation. The Company’s funding policy is to contribute not less than the minimum amounts required by the Employee Retirement Income Security Act of 1974, as amended, the Internal Revenue Code of 1986, as amended, or foreign statutes to ensure that plan assets will be adequate to provide retirement benefits.

The amount of AOCI expected to be recognized in pension and postretirement benefit expense for the year ending December 31, 2018 is $13.9 million and is substantially comprised of net unrecognized actuarial losses.

Effective December 31, 2015, the Company changed the method used to estimate the service and interest components of net periodic benefit cost for its defined benefit pension and postretirement plans. The new estimation approach discounts the individual expected cash flows underlying the service cost and interest cost using the applicable spot rates derived from the yield curve used to discount the cash flows used to measure the benefit obligations. Historically, the estimated service and interest cost components utilized a single weighted-average discount rate derived from the yield curve used to measure the benefit obligations at the beginning of the period.

The Company elected this change to provide a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows and the corresponding spot yield curve rates. The change was accounted for as a change in accounting estimate that is inseparable from a change in accounting principle and accordingly was accounted for prospectively.

The Company’s tax-qualified defined benefit pension plan is frozen for the entire U.S. workforce, and the Company has replaced the defined benefit pension plan with an additional defined contribution benefit arrangement, which benefit vests after three years of employment. The Company recorded $15.6 million, $17.4 million and $16.5 million in expense for the defined contribution benefit arrangement for 2017, 2016 and 2015, respectively.

The Company has a Supplemental Executive Retirement Plan (“SERP”), which is a nonqualified defined benefit and defined contribution plan pursuant to which the Company will pay supplemental benefits to certain key employees upon retirement based upon the employees’ years of service and compensation. The SERP is primarily funded through a trust agreement with a trustee that owns life insurance policies on both active and former key employees with aggregate net death benefits of $274 million. At December 31, 2017 and 2016, the life insurance contracts were accounted for using the investment method and had a cash surrender value of $123 million and $116 million, respectively, and are included in other assets in the Consolidated Balance Sheets. All premiums paid and proceeds received associated with the life insurance policies are included in accrued liabilities and other in the Consolidated Statements of Cash Flows. The projected benefit obligation was $127 million and $123 million at December 31, 2017 and 2016, respectively. The SERP liabilities are included in the pension table below; however, the value of the Company’s investments in the life insurance contracts, cash and mutual funds are excluded from the table, as they do not qualify as plan assets.

The Company’s matching contributions to the contributory 401(k) plans were $30.2 million, $25.5 million and $14.0 million for 2017, 2016 and 2015, respectively.

Defined Benefit Pension Plans

The following provides a reconciliation of benefit obligations, plan assets and funded status of the Company’s noncontributory defined benefit pension plans, including the SERP, as of December 31, (dollars in millions):


	Pension Benefits												Postretirement Benefits
	U.S.						International
Change in benefit obligation:	2017			2016			2017			2016			2017			2016
Benefit obligation at beginning of year	$	1,592.2		$	937.7		$	647.4		$	613.6		$	74.6		$	67.9
Service cost		2.8			2.7			7.5			6.6			0.1			0.1
Interest cost		50.5			45.1			13.6			17.5			2.2			2.2
Actuarial (gain) loss		84.9			(16.3	)		1.8			104.2			(0.4	)		3.0
Amendments		—			—			0.4			—			(5.0	)
Currency translation		—			—			72.2			(107.9	)		—			—
Benefits paid		(103.0	)		(98.2	)		(24.0	)		(25.3	)		(6.4	)		(6.1	)
Acquisitions and dispositions, net		—			721.2			(13.9	)		64.8			—			7.2
Curtailments, settlements and other		(41.2	)		—			(16.1	)		(26.1	)		—			0.3

Benefit obligation at end of year (1)	$	1,586.2		$	1,592.2		$	688.9		$	647.4		$	65.1		$	74.6

Change in plan assets:
Fair value of plan assets at beginning of year	$	1,230.6		$	722.9		$	565.3		$	560.3		$	—		$	—
Actual return on plan assets		171.5			70.7			24.3			112.4			—			—
Contributions		13.2			12.0			16.1			16.4			—			—
Currency translation		—			—			60.8			(105.9	)		—			—
Benefits paid		(103.0	)		(98.2	)		(24.0	)		(25.3	)		—			—
Acquisitions and dispositions, net		—			523.2			(5.5	)		34.0			—			—
Settlements and other		(41.2	)		—			(15.8	)		(26.6	)		—			—

Fair value of plan assets at end of year	$	1,271.1		$	1,230.6		$	621.2		$	565.3		$	—		$	—

Funded status at end of year	$	(315.1	)	$	(361.6	)	$	(67.7	)	$	(82.1	)	$	(65.1	)	$	(74.6	)

Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	$	—		$	—		$	65.4		$	48.7		$	—		$	—
Accrued current benefit cost—other accrued liabilities		(12.9	)		(12.5	)		(5.1	)		(4.4	)		(5.8	)		(6.4	)
Accrued noncurrent benefit cost— other noncurrent liabilities		(302.2	)		(349.1	)		(128.0	)		(126.4	)		(59.3	)		(68.2	)

Net amount recognized	$	(315.1	)	$	(361.6	)	$	(67.7	)	$	(82.1	)	$	(65.1	)	$	(74.6	)

Assumptions:
Weighted-average assumptions used to determine benefit obligation:
Discount rate		3.48	%		3.98	%		2.24	%		2.35	%		3.32	%		3.75	%
Long-term rate of compensation increase		2.50	%		2.50	%		3.47	%		3.53	%					—
Current health care cost trend rates		—			—						—			6.70	%		8.67	%
Ultimate health care cost trend rates		—			—						—			4.50	%		4.50	%

(1)	The accumulated benefit obligation for all defined benefit pension plans was $2.3 billion and $2.2 billion at December 31, 2017 and 2016, respectively.

There are no plan assets associated with the Company’s postretirement benefit plans.

The current healthcare cost trend rate gradually declines through 2037 to the ultimate trend rate and remains level thereafter. A one percentage point change in assumed healthcare cost trend rate would not have a material effect on the postretirement benefit obligation or the service and interest cost components of postretirement benefit costs.

Summary of under-funded or non-funded pension benefit plans with projected benefit obligations in excess of plan assets at December 31, (in millions):


	Pension Benefits
	2017		2016
Projected benefit obligation	$	1,938.2	$	1,941.9
Fair value of plan assets		1,489.9		1,449.5

Summary of pension plans with accumulated obligations in excess of plan assets at December 31, (in millions):


	Pension Benefits
	2017		2016
Accumulated benefit obligation	$	1,929.6	$	1,933.2
Fair value of plan assets		1,489.9		1,449.5

Pension and Postretirement Benefit Expense

The components of pension and postretirement benefit expense for 2017, 2016 and 2015 are as follows (dollars in millions):


	Pension Benefits
	U.S.									International
	2017			2016			2015			2017			2016			2015
Service cost	$	2.8		$	2.7		$	3.2		$	7.5		$	6.6		$	5.8
Interest cost		50.5			45.1			41.3			13.5			17.5			19.6
Expected return on plan assets		(73.3	)		(69.1	)		(58.0	)		(18.7	)		(20.8	)		(22.1	)
Amortization:
Prior service cost (credit)		(0.1	)		(0.1	)		(0.1	)		0.4			0.5			—
Net actuarial loss		23.7			21.8			26.2			2.2			2.2			3.4
Curtailment, settlement and termination (benefit) costs		(3.7	)		—			52.1			1.3			2.9			0.4

Total expense (income)	$	(0.1	)	$	0.4		$	64.7		$	6.2		$	8.9		$	7.1

Assumptions
Weighted average assumption used to calculate net periodic cost:
Effective discount rate for benefit obligations		3.98	%		4.06	%		4.00	%		2.12	%		3.29	%		3.03	%
Effective rate for interest on benefit obligations		3.28	%		3.21	%		4.00	%		1.72	%		2.92	%		3.03	%
Effective rate for service cost		3.83	%		4.16	%		4.00	%		2.44	%		3.39	%		3.03	%
Effective rate for interest on service cost		3.38	%		3.67	%		4.00	%		2.38	%		3.35	%		3.03	%
Long-term rate of return on plan assets		6.02	%		6.34	%		7.25	%		2.61	%		3.93	%		3.86	%
Long-term rate of compensation increase		2.50	%		2.50	%		2.50	%		3.53	%		3.51	%		3.60	%


	Postretirement Benefits
	2017			2016			2015
Service cost	$	0.1		$	0.1		$	0.3
Interest cost		2.2			2.2			3.4
Amortization:
Prior service credit		(5.2	)		(5.2	)		(6.6	)
Net actuarial gain		(3.9	)		(5.2	)		(1.2	)

Total income	$	(6.8	)	$	(8.1	)	$	(4.1	)

Assumptions
Weighted average assumption used to calculate net periodic cost:
Effective discount rate for benefit obligations		3.76	%		4.06	%		4.00	%
Effective rate for interest on benefit obligations		3.07	%		3.21	%		4.00	%
Effective rate for service cost		3.25	%		4.16	%		4.00	%
Effective rate for interest on service cost		3.02	%		3.67	%		4.00	%

Plan Assets

The Company employs a total return investment approach for its pension plans whereby a mix of equities and fixed income investments are used to maximize the long-term return of pension plan assets. The intent of this strategy is to minimize plan expenses by outperforming plan liabilities over the long run. Risk tolerance is established through careful consideration of plan liabilities, plan funded status, and the Company’s financial condition. The domestic investment portfolios contain a diversified blend of equity and fixed-income investments. The domestic equity investments are diversified across geography and market capitalization through investments in U.S. large-capitalization stocks, U.S. small-capitalization stocks and international securities. The domestic fixed income investments are primarily comprised of investment-grade and high-yield securities through investments in corporate and government bonds, government agencies and asset-backed securities. The Level 1 investments are primarily based upon quoted market prices. The domestic Level 3 investments are primarily comprised of insurance contracts valued at contract value. The investments excluded from the fair value hierarchy are NAV-based hedge fund investments that generally have a redemption frequency of 90 days or less, with various redemption notice periods that are generally less than a month. The notice periods for certain investments may vary based on the size of the redemption. The international Level 2 investments are primarily comprised of insurance contracts whose fair values are estimated based on the future cash flows to be received under the contracts discounted to the present using a discount rate that approximates the discount rate used to measure the associated pension plan liabilities. The international Level 3 investments are primarily comprised of insurance contracts valued at contract value and alternative investments. Investment risk is measured and monitored on an ongoing basis through annual liability measurements, periodic asset/liability studies and quarterly investment portfolio reviews.

The expected long-term rate of return for plan assets is based upon many factors, including expected asset allocations, historical asset returns, current and expected future market conditions, risk and active management premiums. The expected long-term rate of return is adjusted when there are fundamental changes in expected returns on the Company’s defined benefit pension plan’s investments. The target asset allocations for the Company’s domestic pension plans may vary by plan, based in part due to plan demographics, funded status and liability duration. In general, the Company’s target asset allocations are as follows: equities approximately 25% to 40%; fixed income investments approximately 20% to 40%; and cash, alternative investments and other, approximately 25% to 45% as of December 31, 2017. Actual asset allocations may vary from the targeted allocations for various reasons, including market conditions and the timing of transactions. The Company maintains numerous international defined benefit pension plans. The asset allocations for the international investment may vary by plan and jurisdiction and are primarily based upon the plan structure and plan participant profile.

The composition of domestic pension plan assets at December 31, 2017 and 2016 is as follows (in millions):


	Plan Assets – Domestic Plans
	December 31, 2017
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds:
Domestic	$	129.8	$	—	$	—	$	129.8	$	4.7	$	134.5
International		75.5		—		—		75.5		84.3		159.8
Fixed income securities and funds		395.4		—		—		395.4		207.5		602.9
Alternative investments		23.8		—		18.2		42.0		131.7		173.7
Cash and other		183.9		15.2		1.1		200.2		—		200.2

Total	$	808.4	$	15.2	$	19.3	$	842.9	$	428.2	$	1,271.1


	Plan Assets – Domestic Plans
	December 31, 2016
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds:
Domestic	$	149.8	$	—	$	—	$	149.8	$	120.6	$	270.4
International		80.4		—		—		80.4		101.2		181.6
Fixed income securities and funds		372.7		—		—		372.7		211.0		583.7
Alternative investments		23.5		—		19.1		42.6		123.5		166.1
Cash and other		12.5		15.2		1.1		28.8		—		28.8

Total	$	638.9	$	15.2	$	20.2	$	674.3	$	556.3	$	1,230.6

The Company reclassified as of December 31, 2016, $42.3 of assets previously classified as Level 3 to NAV-based assets in order to reflect the appropriate classification of the assets.

The composition of international pension plan assets at December 31, 2017 and 2016 is as follows (in millions):


	Plan Assets – International Plans
	December 31, 2017
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds	$	38.8	$	—	$	—	$	38.8	$	14.1	$	52.9
Fixed income securities and funds		258.8		—		—		258.8		14.4		273.2
Cash and other		6.7		242.9		13.7		263.3		31.8		295.1

Total	$	304.3	$	242.9	$	13.7	$	560.9	$	60.3	$	621.2


	Plan Assets – International Plans
	December 31, 2016
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds	$	26.2	$	—	$	—	$	26.2	$	44.8	$	71.0
Fixed income securities and funds		164.0		—		5.3		169.3		46.3		215.6
Cash and other		4.7		217.8		13.5		236.0		42.7		278.7

Total	$	194.9	$	217.8	$	18.8	$	431.5	$	133.8	$	565.3

A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant unobservable inputs (Level 3) for 2017 and 2016 is as follows (in millions):


	Total
Balance, December 31, 2015	$	26.9
Acquisitions		15.7
Realized gains		2.2
Unrealized losses		(2.5	)
Purchases, sales, settlements, and other, net		(3.3	)

Balance, December 31, 2016	$	39.0
Realized losses		(0.7	)
Unrealized gains		3.3
Purchases, sales, settlements and other, net		(8.6	)

Balance, December 31, 2017	$	33.0

Contributions and Estimated Future Benefit Payments

The Company expects to make cash contributions of approximately $13 million and $16 million to its domestic and international defined benefit plans, respectively, in 2018.

Estimated future benefit payments under the Company’s defined benefit pension plans and postretirement benefit plans are as follows as of December 31, 2017 (in millions):


	2018		2019		2020		2021		2022		Thereafter
Pension benefits	$	127.8	$	126.9	$	128.9	$	128.6	$	128.1	$	627.6
Postretirement benefits	$	5.9	$	5.9	$	5.8	$	5.8	$	5.7	$	24.5

Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

FOOTNOTE 14

Earnings Per Share

The computations of the weighted average shares outstanding for the periods indicated are as follows (in millions):


	2017		2016		2015
Weighted-average shares outstanding		485.7		418.3		267.9
Share-based payment awards classified as participating securities		1.0		1.5		1.4
Dilutive effect from Jarden Acquisition		—		1.5		—

Basic weighted-average shares outstanding		486.7		421.3		269.3
Dilutive securities (1)		1.3		1.8		2.2

Diluted weighted-average shares outstanding		488.0		423.1		271.5

(1)	For 2017, 2016 and 2015, the amount of potentially dilutive securities that are excluded because their effect would be anti-dilutive are not material.

As of December 31, 2017, there were 2.3 million potentially dilutive restricted share awards with performance-based vesting targets that were not met and as such, have been excluded from the computation of diluted earnings per share.

For 2017, 2016 and 2015, dividends and equivalents for share-based awards expected to be forfeited did not have a material impact on net income for basic and diluted earnings per share.

At December 31, 2017, there were approximately 2.5 million shares of the Company’s common stock that had not been issued to the former holders of Jarden shares who are exercising their right to judicial appraisal under Delaware law. Absent consent by the Company, these dissenting shareholders are no longer entitled to the merger consideration, but are instead entitled only to the judicially determined fair value of their shares, plus interest accruing from the date of the Jarden Acquisition, payable in cash (see Footnote 19).

Stock-Based Compensation

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

FOOTNOTE 15

Stock-Based Compensation

The Company maintains a 2013 stock plan (the “2013 Plan”), which allows for grants of stock-based awards. At December 31, 2017, there were approximately 37 million share-based awards collectively available for grant under the 2013 Plan. The 2013 Plan generally provides for awards to vest over a minimum three-year period, although some awards entitle the recipient to shares of common stock if specified market or performance conditions are achieved and vest no earlier than one year from the date of grant. The stock-based awards granted to employees include stock options and time-based and performance-based restricted stock units, as follows:

Stock Options

The Company has issued both nonqualified and incentive stock options at exercise prices equal to the Company’s common stock price on the date of grant with contractual terms of ten years. Stock options issued by the Company generally vest and are expensed ratably over three years. Stock option grants are generally subject to forfeiture if employment terminates prior to vesting, except upon retirement, in which case the options may remain outstanding and exercisable for the remaining contractual term of the option. The Company has not granted stock options since 2011.

Time-Based Restricted Stock Units

Awards of time-based restricted stock units are independent of stock option grants and are generally subject to forfeiture if employment terminates prior to vesting. The awards generally cliff-vest in three years or vest ratably over three years from the date of grant. In the case of retirement (as defined in the award agreement), awards vest depending on the employee’s age and years of service.

The time-based restricted stock units have rights to dividend equivalents payable in cash. Time-based restricted stock units issued in 2016 and prior receive dividend payments at the same time as the shareholders of the Company’s stock. Time-based restricted stock units issued subsequent to 2016 have dividend equivalents credited to the recipient and are paid only to the extent the applicable service criteria is met and the time-based restricted stock units vest and the related stock is issued.

Performance-Based Restricted Stock Units

Performance-based restricted stock unit awards (“Performance-Based RSUs”) represent the right to receive unrestricted shares of stock based on the achievement of Company performance objectives and/or individual performance goals established by the Organizational Development & Compensation Committee and the Board of Directors.

The Performance-Based RSUs generally entitle recipients to shares of common stock if performance objectives are achieved, and typically vest no earlier than one year from the date of grant and primarily no later than three years from the date of grant. The actual number of shares that will ultimately vest is dependent on the level of achievement of the specified performance conditions. For restricted stock units with performance conditions that are based on stock price (“Stock-Price Based RSUs”), the grant date fair value of certain Stock-Price based RSUs is estimated using a Monte Carlo simulation, with the primary input into such valuation being the expected future volatility of the Company’s common stock, and if applicable, the volatilities of the common stocks of the companies in the Company’s peer group, upon which the relative total shareholder return performance is measured. In the case of retirement (as defined in the award agreement), awards vest depending on the employee’s age and years of service, subject to the satisfaction of the applicable performance criteria.

The Company accounts for stock-based compensation pursuant to relevant authoritative guidance, which requires measurement of compensation cost for all stock awards at fair value on the date of grant and recognition of compensation, net of estimated forfeitures, over the longer of the derived service period or explicit requisite service period for awards expected to vest. For non stock-price based Performance-Based RSUs, the Company assesses the probability of achievement of the performance conditions each period and records expense for the awards based on the probable achievement of such metrics.

With respect to Performance-Based RSUs, dividend equivalents are credited to the recipient and are paid only to the extent the applicable performance criteria are met and the Performance-Based RSUs vest and the related stock is issued.

The following table summarizes the changes in the number of shares of common stock under option for 2017 (shares and aggregate intrinsic value in millions):


	Shares			Weighted- Average Exercise Price Per Share		Weighted Average Remaining Life (years)		Aggregate Intrinsic Value
Outstanding at December 31, 2016		0.7		$	20
Exercised		(0.3	)	$	25

Outstanding at December 31, 2017 (a)		0.4		$	16		2.4	$	6.3

(a)	All options outstanding are exercisable

The total intrinsic value of options exercised was $5.5 million, $11.3 million and $32.8 million in 2017, 2016 and 2015, respectively.

The following table summarizes the changes in the number of outstanding restricted stock units for 2017 (shares in millions):


	Restricted Stock Units			Weighted- Average Grant Date Fair Value Per Share
Outstanding at December 31, 2016		4.3		$	48
Granted		2.0			47
Grant Adjustments (b)		0.1			39
Vested		(1.4	)		40
Forfeited		(0.6	)		48

Outstanding at December 31, 2017		4.4			50

Expected to vest at December 31, 2017		2.1			47

(b)	Represents the incremental shares issued from the shares originally granted which were dependent upon the achievement of specified performance criteria.

The weighted-average grant-date fair values of awards granted were $54 and $41 per share in 2016 and 2015, respectively. The fair values of awards that vested were $67.6 million, $54.1 million and $74.2 million in 2017, 2016 and 2015, respectively.

During 2017, the Company awarded 1.4 million Performance-Based RSUs, which had an aggregate grant date fair value of $65.9 million and entitle the recipients to shares of the Company’s common stock at the end of a three-year vesting period. The actual number of shares that will ultimately vest is dependent on the level of achievement of the specified performance conditions.

During 2017, the Company also awarded 0.6 million time-based RSUs, which had an aggregate grant date fair value of $26.3 million and entitle recipients to shares of the Company’s common stock at the end of the specified vesting period.

Excess tax benefits related to stock-based compensation for 2017, 2016 and 2015 were $5.9 million, $11.9 million and $27.1 million, respectively.

The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation as of December 31, 2017 (in millions):


	Unrecognized Compensation Cost		Weighted-Average Period of Expense Recognition (in years)
Restricted stock units	$	87.9		1

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

FOOTNOTE 16

Income Taxes

On December 22, 2017, the Tax Cuts and Jobs Act (“U.S. Tax Reform”) was enacted. Effective January 1, 2018, the legislation significantly changed U.S. tax law by lowering the federal corporate tax rate from 35.0% to 21.0%, modifying the foreign earnings deferral provisions, and imposing a one-time toll charge on deemed repatriated earnings of foreign subsidiaries as of December 31, 2017. Effective for 2018 and forward, there are additional changes including changes to bonus depreciation, the deduction for executive compensation and interest expense, a tax on global intangible low-taxed income provisions (“GILTI”), the base erosion anti-abuse tax (“BEAT”), and a deduction for foreign-derived intangible income (“FDII”). As of December 31, 2017, two provisions affecting the financial statements are the corporate tax rate reduction and the one-time toll charge. As the corporate tax rate reduction was enacted in 2017 and effective January 1, 2018, the Company appropriately accounted for the tax rate change in the valuation of our deferred taxes. As a result, the Company recorded a tax benefit of $1.5 billion in the current year statement of operations for 2017.

The SEC issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides the Company with up to one year to finalize accounting for the impacts of U.S. Tax Reform. When the initial accounting for U.S Tax Reform impacts is incomplete, the Company may include provisional amounts when reasonable estimates can be made or continue to apply the prior tax law if a reasonable estimate cannot be made. The Company has estimated the provisional tax impacts related to the toll charge and as result, the Company recognized a net tax expense of approximately $195 million. Additionally, the Company has estimated the provisional tax impacts related to our deferred income taxes, including the impacts of the change in Corporate tax rate, executive compensation, and our indefinite reinvestment assertion. The Company has elected to account for the tax on GILTI as a period cost and therefore has not recorded deferred taxes related to GILTI on its foreign subsidiaries. The final impact may differ from these provisional amounts due to gathering additional information to more precisely compute the amount of tax, additional regulatory guidance that may be issued, and changes in interpretations and assumptions. The Company expect to finalize accounting for the impacts of U.S. Tax Reform during 2018.

In connection with U.S. Tax Reform, the Company has reversed its previously recorded deferred tax liability related to historical Jarden earnings of approximately $87 million as of December 31, 2017, as those earnings were subject to the toll charge on deemed repatriated earnings. In addition, the Company no longer considers a significant portion of the historic earnings of our foreign subsidiaries as of December 31, 2017, to be indefinitely reinvested. Under the provision of SAB 118, the Company has estimated the state income taxes and local country withholding taxes that would be owed when our historic earnings, for which the Company is not permanently reinvested, are distributed. As a result, the Company has recorded deferred income taxes of approximately $12 million.

The provision for income taxes consists of the following for the years ended December 31, (in millions):


	2017			2016			2015
Current:
Federal	$	272.1		$	126.6		$	103.0
State		21.4			39.0			18.8
Foreign		168.5			86.8			19.4

Total current		462.0			252.4			141.2
Deferred		(1,781.8	)		33.4			(7.2	)

Total income tax provision (benefit)		(1,319.8	)		285.8			134.0
Total provision (benefit) — discontinued operations		—			(0.2	)		55.8

Total provision (benefit) — continuing operations	$	(1,319.8	)	$	286.0		$	78.2

The non-U.S. component of income before income taxes was $1.1 billion, $480 million and $186 million in 2017, 2016 and 2015, respectively.

A reconciliation of the U.S. statutory rate to the effective income tax rate on a continuing basis is as follows for the years ended December 31:


	2017			2016			2015
Statutory rate		35.0	%		35.0	%		35.0	%
Add (deduct) effect of:
State income taxes, net of federal income tax effect		2.0			4.2			3.0
Foreign tax credit		1.8			1.3			(17.5	)
Foreign rate differential		(13.0	)		(9.8	)		(10.5	)
Resolution of tax contingencies, net of increases		(1.9	)		(2.1	)		1.2
Valuation allowance reserve (decrease) increase		(3.0	)		(3.3	)		0.2
Manufacturing deduction		(0.9	)		(2.2	)		(2.0	)
Foreign statutory tax rate change		(1.1	)		(4.9	)		—
Sale of businesses		(5.2	)		—			—
Tools outside basis difference		—			20.2			—
Reversal of outside basis difference		(4.8	)		—			—
U.S. Tax Reform, impact of change in tax rate and other		(112.2	)		—			—
U.S. Tax Reform, federal income tax on mandatory deemed repatriation		12.4			—			—
Venezuela deconsolidation		—			—			15.7
Other		(1.5	)		(3.3	)		(1.9	)

Effective rate		(92.4	)%		35.1	%		23.2	%

The components of net deferred tax assets are as follows as of December 31, (in millions):


	2017			2016
Deferred tax assets:
Accruals not currently deductible for tax purposes	$	199.7		$	285.8
Inventory		44.3			83.9
Postretirement liabilities		29.0			44.0
Pension liabilities		71.7			149.8
Net operating losses		376.4			361.3
Foreign tax credits		7.5			34.0
Other		145.0			193.0

Total gross deferred tax assets		873.6			1,151.8
Less valuation allowance		(294.8	)		(325.3	)

Net deferred tax assets after valuation allowance		578.8			826.5

Deferred tax liabilities:
Accelerated depreciation		(108.3	)		(159.5	)
Amortizable intangibles		(3,572.2	)		(5,300.5	)
Outside basis differences		(18.3	)		(319.0	)
Other		(35.8	)		(35.0	)

Total gross deferred tax liabilities		(3,734.6	)		(5,814.0	)

Net deferred tax liabilities	$	(3,155.8	)	$	(4,987.5	)

At December 31, 2017, the Company has approximately $1.5 billion of U.S., state, and foreign net operating losses (“NOLs”), of which approximately $973 million do not expire and approximately $572 million expire between 2018 and 2037. Additionally, approximately $296 million U.S. federal NOLs are subject to varying limitations on their use under Section 382 of the Internal Revenue Code of 1986, as amended. Of these U.S. federal NOLs, approximately $289 million are not reflected in the consolidated financial statements and approximately $31 million were utilized in the current year. The foreign tax credit carryforwards begin to expire in 2020.

The Company routinely reviews valuation allowances recorded against deferred tax assets on a more likely than not basis as to whether the Company has the ability to realize the deferred tax assets. In making such a determination, the Company takes into consideration all available and appropriate positive and negative evidence, including projected future taxable income, future reversals of existing taxable temporary differences, the ability to carryback net operating losses, and available tax planning strategies. Although realization is not assured, based on this existing evidence, the Company believes it is more likely than not that the Company will realize the benefit of existing deferred tax assets, net of the valuation allowances.

As of December 31, 2017, the Company has a valuation allowance recorded against foreign NOLs and other deferred tax assets the Company believes are not more likely than not to be realized due to the uncertainty resulting from a lack of previous taxable income within the applicable tax jurisdictions. A valuation allowance of $295 million and $325 million was recorded against certain deferred tax asset balances as of December 31, 2017 and 2016, respectively. For the year ended December 31, 2017, the Company recorded a net valuation allowance decrease of $30.5 million, comprised of a valuation allowance decrease of $35.2 million relating to the Company’s German operations for which the Company concluded the deferred tax assets were realizable; and an increase in valuation allowance in the current year in certain jurisdictions that the Company previously determined were not more likely than not to be realized. For the year ended December 31, 2016, the Company recorded a net valuation allowance increase of $34.3 million, comprised of acquired valuation allowance from Jarden, a valuation allowance decrease of $17.9 million related to the Company’s UK operations for which the Company concluded the deferred tax assets were realizable; currency translation in foreign jurisdictions due to the strengthening of the U.S. dollar against the Euro, British Pound, and other currencies; and an increase in valuation allowance in the current year in certain jurisdictions that the Company previously determined were not more likely than not to be realized.

The following table summarizes the changes in gross unrecognized tax benefits for the years ended December 31, (in millions):


	2017			2016
Unrecognized tax benefits, January 1,	$	367.9		$	162.9
Increases (decreases):
Acquisitions-related		—			216.4
Increases in tax positions for prior years		23.7			4.8
Decreases in tax positions for prior years		(11.2	)		(4.4	)
Increase in tax positions for the current period		33.2			30.0
Settlements with taxing authorities		—			(0.1	)
Lapse of statute of limitations		(41.2	)		(41.7	)

Unrecognized tax benefits, December 31,	$	372.4		$	367.9

The Company recorded unrecognized tax benefit as a result of acquisitions of $216 million in 2016. If recognized, $365 million and $360 million of unrecognized tax benefits as of December 31, 2017, and 2016, respectively, would affect the effective tax rate. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense. During 2017 and 2016, the Company recognized income tax expense on interest and penalties of $8.3 million and $3.4 million, respectively, due to the accrual of current year interest on existing positions offset by the resolution of certain tax contingencies offset.

The Company anticipates approximately $51.5 million of unrecognized tax benefits will reverse within the next 12 months. It is reasonably possible due to activities of various worldwide taxing authorities, including proposed assessments of additional tax and possible settlement of audit issues that additional changes to the Company’s unrecognized tax benefits could occur. In the normal course of business, the Company is subject to audits by worldwide taxing authorities regarding various tax liabilities. The Company’s U.S. federal income tax returns for 2011, 2012, 2013, 2014 and 2015 as well as certain state and non-US income tax returns for various years, are under routine examination.

The Company files numerous consolidated and separate income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The statute of limitations for the Company’s U.S. federal income tax returns has expired for years prior to 2011. The Company’s Canadian tax returns are subject to examination for years after 2010. With few exceptions, the Company is no longer subject to other income tax examinations for years before 2013.

Fair Value

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value

FOOTNOTE 17

Fair Value

GAAP defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets.

Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

Recurring Fair Value Measurements

The Company’s financial assets and liabilities adjusted to fair value at least annually are its money market fund investments included in cash and cash equivalents, its mutual fund investments included in other assets, and its derivative instruments, which are primarily included in prepaid expenses and other, other non-current assets, other accrued liabilities and other noncurrent liabilities.

The following tables present the Company’s non-pension financial assets and liabilities, which are measured at fair value on a recurring basis (in millions):


	December 31, 2017										December 31, 2016
	Fair Value Asset (Liability)										Fair Value Asset (Liability)
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Derivatives:
Assets	$	—	$	14.9		$	—	$	14.9		$	—	$	33.3		$	—	$	33.3
Liabilities		—		(56.7	)		—		(56.7	)		—		(36.8	)		—		(36.8	)
Investment securities, including mutual funds		5.2		3.5			—		8.7			4.8		9.9			—		14.7

For publicly-traded mutual funds, fair value is determined on the basis of quoted market prices and, accordingly, such investments have been classified as Level 1. Other investment securities are primarily comprised of money market accounts that are classified as Level 2. The Company determines the fair value of its derivative instruments using standard pricing models and market-based assumptions for all significant inputs, such as yield curves and quoted spot and forward exchange rates. Accordingly, the Company’s derivative instruments are classified as Level 2.

The Company adjusts its pension asset values to fair value on an annual basis (see Footnote 13).

Nonrecurring Fair Value Measurements

The Company’s nonfinancial assets which are measured at fair value on a nonrecurring basis include property, plant and equipment, goodwill, intangible assets and certain other assets.

The Company’s goodwill and indefinite-lived intangibles are fair valued using discounted cash flows and market multiple methods. Goodwill impairment testing requires significant use of judgment and assumptions, including the identification of reporting units; the assignment of assets and liabilities to reporting units; and the estimation of future cash flows, business growth rates, terminal values and discount rates. The testing of indefinite-lived intangibles under established guidelines for impairment also requires significant use of judgment and assumptions, such as the estimation of cash flow projections, terminal values and discount rates.

The Company reviews property, plant and equipment for impairment whenever events or circumstances indicate that carrying amounts may not be recoverable through future undiscounted cash flows. If the Company concludes that impairment exists, the carrying amount is reduced to fair value.

The carrying value and estimated fair value measurement of assets held for sale are classified as Level 3, as the fair values utilize significant unobservable inputs.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Valuation and Qualifying Accounts [Abstract]

Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Information

FOOTNOTE 18

Segment Information

In order to align reporting with the Company’s Growth Game Plan strategy and organization structure, effective January 1, 2017, the Company is reporting its financial results in five segments as Live, Learn, Work, Play 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 reportable segments are as follows:


Segment	Key Brands	Description of Primary Products
Live	Aprica^®, Baby Jogger^®, Ball^®, Calphalon^®, Chesapeake Bay Candle^®, Crock-Pot^®, FoodSaver^®, Graco^®, Mr. Coffee^®, NUK^®, Oster^®, Rubbermaid^®, Sunbeam^®, Sistema^®, Tigex^®, Woodwick^®, Yankee Candle^®	Household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, home fragrance products; baby gear, infant care and health products

Learn	Dymo^®, Elmer’s^®, Expo^®, Jostens^®, Mr. Sketch^®, Paper Mate^®, Parker^®, Prismacolor^®, Sharpie^®, Waterman^®, X-Acto^®	Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; fine writing instruments, labeling solutions and custom commemorative jewelry and academic regalia

Work	Mapa^®, Quickie^®, Rubbermaid^®, Rubbermaid Commercial Products^®, Spontex^®, Waddington	Cleaning and refuse products; hygiene systems; material handling solutions, consumer and commercial totes and commercial food service and premium tableware products

Play	Berkley^®, Coleman^®, Contigo^®, Ex Officio^®, Marmot^®, Rawlings^®, Shakespeare^®	Products for outdoor and outdoor-related activities

Other	Jarden Plastic Solutions, Jarden Applied Materials, Jarden Zinc Products, Goody^®, Bicycle^®, Rainbow^®	Plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging, beauty products, vacuum cleaning systems and gaming products

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


	2017
	Live		Learn		Work		Play		Other		Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	5,553.5	$	2,773.9	$	2,794.8	$	2,583.9	$	1,036.1	$	—		$	—		$	14,742.2
Operating income (loss) (2)		571.6		511.1		415.0		264.9		11.0		(436.0	)		(111.9	)		1,225.7
Other segment data:
Total assets	$	13,969.8	$	5,699.5	$	5,344.0	$	4,813.3	$	2,195.6	$	1,113.3		$	—		$	33,135.5
Capital expenditures		107.3		76.7		73.7		26.3		49.1		73.1			—			406.2
Depreciation and amortization		150.4		123.4		113.5		70.2		72.9		105.2			—			635.6

	2016
	Live		Learn		Work		Play		Other		Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	4,575.1	$	2,539.4	$	2,369.2	$	1,871.1	$	1,909.2	$	—		$	—		$	13,264.0
Operating income (loss) (2)		475.7		540.5		297.5		41.3		182.3		(362.3	)		(74.9	)		1,100.1
Other segment data:
Total assets	$	13,109.5	$	5,584.5	$	5,226.5	$	4,840.6	$	3,987.7	$	1,088.7		$	—		$	33,837.5
Capital expenditures		99.6		80.0		103.6		33.5		52.1		72.6			—			441.4
Depreciation and amortization		98.6		84.6		82.8		54.8		73.2		43.2			—			437.2

	2015
	Live		Learn		Work		Play		Other		Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	1,416.5	$	1,792.9	$	1,186.4	$	293.5	$	1,226.4	$	—		$	—		$	5,915.7
Operating income (loss) (2)		182.3		435.2		125.8		30.7		136.3		(231.7	)		(77.2	)		601.4
Other segment data:
Capital expenditures	$	47.7	$	39.5	$	36.2	$	5.4	$	22.7	$	58.7		$	—		$	210.2
Depreciation and amortization		24.6		23.9		25.4		21.8		22.1		52.3			—			170.1

Geographic Area Information


	2017		2016		2015
Net Sales (1) (3)
United States	$	10,444.8	$	9,518.4	$	4,291.8
Canada		850.8		720.1		249.8

Total North America		11,295.6		10,238.5		4,541.6

Europe, Middle East and Africa		1,833.8		1,659.0		591.1
Latin America		771.4		643.6		408.5
Asia Pacific		841.4		722.9		374.5

Total International		3,446.6		3,025.5		1,374.1

	$	14,742.2	$	13,264.0	$	5,915.7

(1)	All intercompany transactions have been eliminated. Sales to Walmart Inc. and subsidiaries amounted to approximately 13.7%, 13.5% and 10.9% of consolidated net sales in 2017, 2016 and 2015, respectively, substantially across all segments.

(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 related to shared assets 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.

The following table summarizes the net sales by major product grouping for the years ended December 31, (in millions):


	2017		2016		2015
Appliances & Cookware	$	2,006.9	$	1,698.8	$	232.0
Baby		1,285.2		1,141.3		848.3
Home Fragrance		1,071.4		776.6		—
Food		1,190.0		958.2		336.2
Writing		2,006.4		1,974.3		1,792.9
Jostens		767.5		565.1		—
Consumer & Commercial Solutions		1,639.2		1,563.9		1,186.4
Waddington		799.9		549.8		—
Safety & Security		355.7		255.8		—
Outdoor & Recreation		1,695.0		1,259.8		293.5
Fishing		555.7		405.9		—
Team Sports		333.2		205.3		—
Other		1,036.1		1,909.2		1,226.4

	$	14,742.2	$	13,264.0	$	5,915.7

Litigation and Contingencies	12 Months Ended
Litigation and Contingencies	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Litigation and Contingencies	FOOTNOTE 19 Litigation and Contingencies The Company is involved in legal proceedings in the ordinary course of its business. These proceedings include claims for damages arising out of use of the Company’s products, allegations of infringement of intellectual property, commercial disputes and employment matters, as well as environmental matters. Some of the legal proceedings include claims for punitive as well as compensatory damages, and certain proceedings may purport to be class actions. Recall of Harness Buckles on Select Car Seats In February 2014, Graco, a subsidiary of the Company, announced a voluntary recall in the U.S. of harness buckles used on approximately 4 million toddler car seats manufactured between 2006 and 2013. In July 2014, Graco announced that it had agreed to expand the recall to include certain infant car seats manufactured between July 2010 and May 2013. In December 2014, the National Highway Traffic Safety Administration (the “NHTSA”) announced an investigation into the timeliness of the recall, and in March 2015, the investigation concluded with Graco entering into a consent order with NHTSA pursuant to which Graco committed to spend $7.0 million in total over a five-year period to enhance child passenger safety and make a $3.0 million payment to NHTSA. At December 31, 2017, the amount remaining to be paid associated with the consent order was immaterial to the consolidated financial statements of the Company. Jarden Acquisition Under the Delaware General Corporation Law (“DGCL”), any Jarden stockholder who did not vote in favor of adoption of the Merger Agreement, and otherwise complies with the provisions of Section 262 of the DGCL, is entitled to seek an appraisal of his or her shares of Jarden common stock by the Court of Chancery of the State of Delaware as provided under Section 262 of the DGCL. As of December 31, 2017, dissenting stockholders collectively holding approximately 2.9 million shares of Jarden common stock have delivered (and not withdrawn) to Jarden written demands for appraisal. Two separate appraisal petitions, styled as Dunham Monthly Distribution Fund v. Jarden Corporation, Case No. 12454-VCS (Court of Chancery of the State of Delaware) and Merion Capital LP v. Jarden Corporation, Case No. 12456-VCS (Court of Chancery of the State of Delaware), respectively, were filed on June 14, 2016 by a total of ten purported Jarden stockholders seeking an appraisal of the fair value of their shares of Jarden common stock pursuant to Section 262 of the DGCL. A third appraisal petition (Fir Tree Value Master Fund, LP v. Jarden Corporation, Case No. 12546-VCS (Court of Chancery of the State of Delaware)) was filed on July 8, 2016 by two purported Jarden stockholders seeking an appraisal of the fair value of their shares of Jarden common stock pursuant to Section 262 of the DGCL. A fourth appraisal petition (Veritian Partners Master Fund LTP v. Jarden Corporation, Case No. 12650-VCS (Court of Chancery of the State of Delaware)) was filed on August 12, 2016 by two purported Jarden stockholders seeking an appraisal of the fair value of their shares of Jarden common stock pursuant to Section 262 of the DGCL. On or about October 3, 2016, the foregoing petitions were consolidated for joint prosecution under Case No. 12456-VCS, and except as provided below, the litigation is ongoing. The holders of a total of approximately 10.6 million former Jarden shares were represented in these actions initially. On July 5, 2017 and July 6, 2017, Jarden and eleven of the dissenting stockholders, specifically including Merion Capital ERISA LP, Merion Capital LP, Merion Capital II LP, Dunham Monthly Distribution Fund, WCM Alternatives: Event-Driven Fund, Westchester Merger Arbitrage Strategy sleeve of the JNL Multi-Manager Alternative Fund, JNL/Westchester Capital Event Driven Fund, WCM Master Trust, The Merger Fund, The Merger Fund VL and SCA JP Morgan Westchester (collectively, the “Settling Petitioners”), entered into settlement agreements with respect to approximately 7.7 million former Jarden shares (collectively, the “Settlement Agreements”). Pursuant to the Settlement Agreements in exchange for withdrawing their respective demands for appraisal of their shares of Jarden common stock and a full and final release of all claims, among other things, the Settling Petitioners received the original merger consideration provided for under the Merger Agreement, specifically (1) 0.862 of a share of Newell common stock, and (2) $21.00 in cash, per share of Jarden common stock (collectively, the “Merger Consideration”), excluding any and all other benefits, including, without limitation, the right to accrued interest, dividends, and/or distributions. Accordingly, pursuant to the terms of the Settlement Agreements, Newell issued 6.6 million shares of Newell common stock to the Settling Petitioners (representing the stock component of the Merger Consideration), and authorized payment to the Settling Petitioners of approximately $162 million (representing the cash component of the Merger Consideration). The Court of Chancery of the State of Delaware has dismissed with prejudice the appraisal claims for the Settling Petitioners. Following the settlements, claims from the holders of approximately 2.9 million former Jarden shares remain outstanding in the proceedings. The value of the merger consideration attributable to such shares based on the Company's stock price on the closing date of the Jarden acquisition would have been approximately $171 million in the aggregate. The fair value of the shares of Jarden common stock held by these dissenting stockholders, as determined by the court, would be payable in cash and could be lower or higher than the merger consideration to which such Jarden stockholders would have been entitled under the Merger Agreement. Environmental Matters The Company is involved in various matters concerning federal and state environmental laws and regulations, including matters in which the Company has been identified by the U.S. Environmental Protection Agency (“U.S. EPA”) and certain state environmental agencies as a potentially responsible party (“PRP”) at contaminated sites under the Federal Comprehensive Environmental Response, Compensation and Liability Act (the “CERCLA”) and equivalent state laws. In assessing its environmental response costs, the Company has considered several factors, including the extent of the Company’s volumetric contribution at each site relative to that of other PRPs; the kind of waste; the terms of existing cost sharing and other applicable agreements; the financial ability of other PRPs to share in the payment of requisite costs; the Company’s prior experience with similar sites; environmental studies and cost estimates available to the Company; the effects of inflation on cost estimates; and the extent to which the Company’s, and other parties’, status as PRPs is disputed. The Company’s estimate of environmental remediation costs associated with these matters as of December 31, 2017 was $48.3 million, which is included in other accrued liabilities and other noncurrent liabilities in the consolidated balance sheets. No insurance recovery was taken into account in determining the Company’s cost estimates or reserves, nor do the Company’s cost estimates or reserves reflect any discounting for present value purposes, except with respect to certain long-term operations and maintenance CERCLA matters. Lower Passaic River Matter U.S. EPA has issued General Notice Letters (“GNLs”) to over 100 entities, including the Company and Berol Corporation, a subsidiary of the Company (“Berol”), alleging that they are PRPs at the Diamond Alkali Superfund Site, which includes a 17-mile stretch of the Lower Passaic River and its tributaries. Seventy-two of the GNL recipients, including the Company on behalf of itself and its subsidiaries, Goody Products, Inc. and Berol (the “Company Parties”), have taken over the performance of the remedial investigation (“RI”) and feasibility study (“FS”) for the Lower Passaic River. On April 11, 2014, while work on the RI/FS remained underway, U.S. EPA issued a Source Control Early Action Focused Feasibility Study (“FFS”), which proposed four alternatives for remediation of the lower 8.3 miles of the Lower Passaic River. U.S. EPA’s cost estimates for its cleanup alternatives ranged from approximately $315 million to approximately $3.2 billion in capital costs plus from $0.5 million to $1.8 million in annual maintenance costs for 30 years, with its preferred alternative carrying an estimated cost of approximately $1.7 billion plus an additional $1.6 million in annual maintenance costs for 30 years. In February 2015, the participating parties submitted to the U.S. EPA a draft RI, followed by submission of a draft FS in April 2015. The draft FS sets forth various alternatives for remediating the lower 17 miles of the Passaic River, ranging from a “no action” alternative, to targeted remediation of locations along the entire lower 17 mile stretch of the river, to remedial actions consistent with U.S. EPA’s preferred alternative as set forth in the FFS for the lower 8.3 miles coupled with monitored natural recovery and targeted remediation in the upper 9 miles. The cost estimates for these alternatives range from approximately $28.0 million to $2.7 billion, including related operation, maintenance and monitoring costs. The participating parties have been discussing the draft RI and FS reports with U.S. EPA and are preparing revised reports. U.S. EPA issued its final Record of Decision for the lower 8.3 miles of the Lower Passaic River (the “ROD”) in March 2016, which, in the language of the document, finalizes as the selected remedy the preferred alternative set forth in the FFS, which U.S. EPA estimates will cost $1.4 billion. Subsequent to the release of the ROD in March 2016, U.S. EPA issued GNLs for the lower 8.3 miles of the Lower Passaic River (the “2016 GNL”) to numerous entities, apparently including all previous recipients of the initial GNL as well as several additional entities. As with the initial GNL, the Company and Berol were among the recipients of the 2016 GNL. The 2016 GNL states that U.S. EPA would like to determine whether one entity, Occidental Chemical Corporation (“OCC”), will voluntarily perform the remedial design for the selected remedy for the lower 8.3 miles, and that following execution of an agreement for the remedial design, U.S. EPA plans to begin negotiation of a remedial action consent decree “under which OCC and the other major PRPs will implement and/or pay for U.S. EPA’s selected remedy for the lower 8.3 miles of the Lower Passaic River and reimburse U.S. EPA’s costs incurred for the Lower Passaic River.” The letter “encourage[s] the major PRPs to meet and discuss a workable approach to sharing responsibility for implementation and funding of the remedy” without indicating who may be the “major PRPs.” Finally, U.S. EPA states that it “believes that some of the parties that have been identified as PRPs under CERCLA, and some parties not yet named as PRPs, may be eligible for a cash out settlement with U.S. EPA for the lower 8.3 miles of the Lower Passaic River.” In September 2016, OCC and EPA entered into an Administrative Order on Consent for performance of the remedial design. On March 30, 2017, U.S. EPA sent a letter offering a cash settlement in the amount of $280,600 to twenty PRPs, not including the Company Parties, for CERCLA Liability (with reservations, such as for Natural Resource Damages) in the lower 8.3 miles of the Lower Passaic River. U.S. EPA further indicated in related correspondence that a cash out settlement might be appropriate for additional parties that are “not associated with the release of dioxins, furans, or PCBs to the Lower Passaic River.” Then, by letter dated September 18, 2017, U.S. EPA announced an allocation process involving all GNL recipients except those participating in the first-round cash-out settlement, and five public entities. The letter affirms that U.S. EPA anticipates eventually offering cash-out settlements to a number of parties, and that it expects “that the private PRPs responsible for release of dioxin, furans, and/or PCBs will perform the OU2 [lower 8.3 mile] remedial action.” At this time, it is unclear how the cost of any cleanup would be allocated among any of the parties, including the Company Parties or any other entities. The site is also subject to a Natural Resource Damage Assessment. OCC has asserted that it is entitled to indemnification by Maxus Energy Corporation (“Maxus”) for its liability in connection with the Diamond Alkali Superfund Site. OCC has also asserted that Maxus’s parent company, YPF, S.A., and certain other affiliates (the “YPF Entities”) similarly must indemnify OCC, including on an “alter ego” theory. On June 17, 2016, Maxus and certain of its affiliates commenced a chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the District of Delaware. In connection with that proceeding, the YPF Entities are attempting to resolve any liability they may have to Maxus and the other Maxus entities undergoing the chapter 11 bankruptcy. An amended Chapter 11 plan of liquidation became effective in July 2017. In conjunction with that plan, Maxus and certain other parties, including the Company parties, entered into a mutual contribution release agreement pertaining to certain costs, but not costs associated with ultimate remedy. Given the uncertainties pertaining to this matter, including that U.S. EPA is still reviewing the draft RI and FS, that no framework for or agreement on allocation for the investigation and ultimate remediation has been developed, and that there exists the potential for further litigation regarding costs and cost sharing, the extent to which the Company Parties may be held liable or responsible is not yet known. Based on currently known facts and circumstances, the Company does not believe that this matter is reasonably likely to have a material impact on the Company’s results of operations, including, among other factors, because the Company Parties’ facilities are not even alleged to have discharged the contaminants which are of the greatest concern in the river sediments, and because there are numerous other parties who will likely share in any costs of remediation and/or damages. However, in the event of one or more adverse determinations related to this matter, it is possible that the ultimate liability resulting from this matter and the impact on the Company’s results of operations could be material. Because of the uncertainties associated with environmental investigations and response activities, the possibility that the Company could be identified as a PRP at sites identified in the future that require the incurrence of environmental response costs and the possibility that sites acquired in business combinations may require environmental response costs, actual costs to be incurred by the Company may vary from the Company’s estimates. Clean Air Act Labeling Matter In April 2015, the Company became aware that two beverage container products, one product of its recently acquired bubba brands business and one product of its recently acquired Ignite business, contained closed cell rigid polyurethane foam insulation that was blown with HCFC-141b, which is listed as a Class II ozone-depleting substance under the Montreal Protocol on Substances that Deplete the Ozone Layer. Under the Clean Air Act and U.S. EPA’s regulations promulgated thereunder, as of January 1, 2015, certain products made with or containing ozone depleting substances, including HCFC-141b, must bear a specific warning label. The Company discovered that the affected products imported in early 2015 did not display the required label. While the affected product lines were not compliant with applicable environmental regulations regarding ozone depleting substances, use of the products is safe and poses no risk to consumers. Upon discovery, the Company self-reported the violations to the U.S. EPA and replaced the blowing agent in the products. In September 2017, the Company entered into a Consent Agreement and Final Order with the U.S. EPA pursuant to which the Company has paid a penalty of $106,000. Other Matters Although management of the Company cannot predict the ultimate outcome of these proceedings with certainty, it believes that the ultimate resolution of the Company’s proceedings, including any amounts it may be required to pay in excess of amounts reserved, will not have a material effect on the Company’s Consolidated Financial Statements, except as otherwise described above. In the normal course of business and as part of its acquisition and divestiture strategy, the Company may provide certain representations and indemnifications related to legal, environmental, product liability, tax or other types of issues. Based on the nature of these representations and indemnifications, it is not possible to predict the maximum potential payments under all of these agreements due to the conditional nature of the Company’s obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements did not have a material effect on the Company’s business, financial condition or results of operations. As of December 31, 2017, the Company had approximately $72.2 million in standby letters of credit primarily related to the Company’s self-insurance programs, including workers’ compensation, product liability and medical expenses.

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2017

Valuation and Qualifying Accounts

Schedule II

Newell Brands Inc. and Subsidiaries

Valuation and Qualifying Accounts


(in millions)	Balance at Beginning of Period		Provision		Other			Write-offs			Balance at End of Period
Reserve for Doubtful Accounts and Cash Discounts:
Year Ended December 31, 2017	$	38.5	$	132.0	$	2.9		$	(111.6	)	$	61.8
Year Ended December 31, 2016		22.0		125.9		(1.7	)		(107.7	)		38.5
Year Ended December 31, 2015		25.3		41.4		0.2			(44.9	)		22.0

(in millions)	Balance at Beginning of Period		Provision		Other			Write-offs/ Dispositions			Balance at End of Period
Inventory Reserves (including excess, obsolescence and shrink reserves):
Year Ended December 31, 2017	$	45.9	$	19.1	$	5.0		$	(18.5	)	$	51.5
Year Ended December 31, 2016		32.9		33.0		(0.2	)		(19.8	)		45.9
Year Ended December 31, 2015		32.6		23.3		0.5			(23.5	)		32.9

Description of Business and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Newell Brands is a global marketer of consumer and commercial products that help people get more out of life every day, where they live, learn, work and play. Our products are marketed under a strong portfolio of leading brands, including Paper Mate^®, Sharpie^®, Dymo^®, EXPO^®, Parker^®, Elmer’s^®, Coleman^®, Jostens^®, Marmot^®, Rawlings^®, Oster^®, Sunbeam^®, FoodSaver^®, Mr. Coffee^®, Rubbermaid Commercial Products^®, Graco^®, Baby Jogger^®, NUK^®, Calphalon^®, Rubbermaid^®, Contigo^®, First Alert^®, Waddington and Yankee Candle^®. The Company’s multi-product offering consists of well-known, name brand consumer and commercial products. Effective January 1, 2017, the Company changed its reporting structure and began reporting its financial results in five business segments: Live, Learn, Work, Play and Other (See Footnote 18 for additional information). All prior periods have been reclassified to conform to the current reporting structure.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the consolidated accounts of the Company and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries after elimination of intercompany transactions and balances.
Use of Estimates	Use of Estimates The preparation of these consolidated financial statements requires the use of certain estimates by management in determining the Company’s assets, liabilities, sales and expenses, and related disclosures. Actual results could differ from those estimates.
Concentration of Credit Risk	Concentration of Credit Risk The Company sells products to customers in diversified industries and geographic regions and, therefore, has no significant concentrations of credit risk. The Company continuously evaluates the creditworthiness of its customers and generally does not require collateral. The Company evaluates the collectability of accounts receivable based on a combination of factors. When aware of a specific customer’s inability to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer’s operating results or financial position, the Company records a specific reserve for bad debt to reduce the related receivable to the amount the Company reasonably believes is collectible. The Company also records reserves for bad debt for all other customers based on a variety of factors, including the length of time the receivables are past due and historical collection experience. Accounts are also reviewed for potential write-off on a case-by-case basis. Accounts deemed uncollectible are written off, net of expected recoveries. If circumstances related to specific customers change, the Company’s estimates of the recoverability of receivables could be further adjusted. The Company’s forward exchange contracts do not subject the Company to risk due to foreign exchange rate movement, because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. The Company is exposed to credit-related losses in the event of non-performance by counterparties to certain derivative financial instruments. The Company does not obtain collateral or other security to support derivative financial instruments subject to credit risk, but monitors the credit standing of the counterparties.
Sales Recognition and Customer Programs	Sales Recognition and Customer Programs Sales of merchandise and freight billed to customers are recognized when title passes and all substantial risks of ownership change, which generally occurs either upon shipment or upon delivery based upon contractual terms. Sales are net of provisions for cash discounts, returns, customer discounts (such as volume or trade discounts), cooperative advertising and other sales-related discounts and programs. Under customer programs and arrangements that require sales incentives to be paid in advance, the Company amortizes the amount paid over the period of benefit or contractual sales volume. When incentives are paid in arrears, the Company accrues the estimated amount to be paid based on the program’s contractual terms, expected customer performance and/or estimated sales volume. The Company sells gift cards to customers in its retail stores, third-party retail stores and through consumer direct operations. Gift cards do not have an expiration date. At the point of sale of a gift card, the Company records deferred revenue. Gift card revenue is recognized when the gift card is redeemed by the customer or the likelihood of the gift card being redeemed by the customer is remote (“gift card breakage”). Gift card breakage income is recognized in proportion to the actual redemption of gift cards based on the Company’s historical redemption pattern and is included in net sales in the Company’s Consolidated Statements of Operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid investments that have a maturity of three months or less when purchased.
Inventories	Inventories Inventories are stated at the lower of cost or market value using the last-in, first-out (LIFO) or first-in, first-out (FIFO) methods (see Footnote 6 for additional information). The Company reduces its inventory value for estimated obsolete and slow-moving inventory in an amount equal to the difference between the cost of inventory and the net realizable value based upon estimates about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are expensed as incurred. Depreciation expense is calculated principally on the straight-line basis. Useful lives determined by the Company are as follows: buildings and improvements (20 - 40 years) and machinery and equipment (3 - 15 years).
Goodwill and Other Indefinite-Lived Intangible Assets	Goodwill and Other Indefinite-Lived Intangible Assets The Company conducts its annual test for impairment of goodwill and indefinite-lived intangible assets in the third quarter because it coincides with its annual strategic planning process. The Company evaluates goodwill for impairment annually at the reporting unit level. The Company also tests for impairment if events and circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. If the carrying amount of the reporting unit is greater than the fair value, impairment may be present. The Company assesses the fair value of each reporting unit for its goodwill impairment test based on a discounted cash flow model, an earnings multiple or an actual sales offer received from a prospective buyer, if available. Estimates critical to the Company’s fair value estimates using earnings multiples include the projected financial performance of the reporting unit and the applicable earnings multiple. Estimates critical to the Company’s fair value estimates under the discounted cash flow model include projected financial performance and cash flows of the reporting unit, the discount rate, long-term sales growth rate, product costs and the working capital investment required. The Company measures the amount of any goodwill impairment based upon the estimated fair value of the underlying assets and liabilities of the reporting unit, including any unrecognized intangible assets, and estimates the implied fair value of goodwill. An impairment charge is recognized to the extent the recorded goodwill exceeds the implied fair value of goodwill. The Company evaluates indefinite-lived intangible assets (primarily trademarks and trade names) for impairment annually. The Company also tests for impairment if events and circumstances indicate that it is more likely than not that the fair value of an indefinite-lived intangible asset is below its carrying amount. Estimates critical to the Company’s evaluation of indefinite-lived intangible assets for impairment include the discount rate, royalty rates used in its evaluation of trade names, projected average revenue growth and projected long-term growth rates in the determination of terminal values. An impairment charge is recorded if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value on the measurement date. See Footnote 8 for additional detail on goodwill and other intangible assets.
Other Long-Lived Assets	Other Long-Lived Assets The Company tests its other long-lived assets for impairment in accordance with relevant authoritative guidance. The Company evaluates if impairment indicators related to its property, plant and equipment and other long-lived assets are present. These impairment indicators may include a significant decrease in the market price of a long-lived asset or asset group, a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition, or a current period operating or cash flow loss combined with a history of operating or cash flow losses or a forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group. If impairment indicators are present, the Company estimates the future cash flows for the asset or group of assets. The sum of the undiscounted future cash flows attributable to the asset or group of assets is compared to their carrying amount. The cash flows are estimated utilizing various projections of sales and expenses, working capital and proceeds from asset disposals on a basis consistent with the strategic plan. If the carrying amount exceeds the sum of the undiscounted future cash flows, the Company determines the assets’ fair value by discounting the future cash flows using a discount rate required for a similar investment of like risk and records an impairment charge as the difference between the fair value and the carrying value of the asset group. Generally, the Company performs its testing of the asset group at the product-line level, as this is the lowest level for which identifiable cash flows are available.
Shipping and Handling Costs	Shipping and Handling Costs The Company records shipping and handling costs as a component of cost of products sold.
Product Liability Reserves	Product Liability Reserves The Company has a self-insurance program for product liability that includes reserves for self-retained losses and certain excess and aggregate risk transfer insurance. The Company uses historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs in determining required product liability reserves. The Company’s actuarial evaluation methods take into account claims incurred but not reported when determining the Company’s product liability reserve. While the Company believes that it has adequately reserved for these claims, the ultimate outcome of these matters may exceed the amounts recorded by the Company, and such additional losses may be material to the Company’s Consolidated Financial Statements.
Product Warranties	Product Warranties In the normal course of business, the Company offers warranties for a variety of its products. The specific terms and conditions of the warranties vary depending upon the specific product and markets in which the products were sold. The Company accrues for the estimated cost of product warranty at the time of sale based on historical experience.
Advertising Costs	Advertising Costs The Company expenses production costs of print, radio, television and other advertisements as of the first date the advertisements take place, and the Company expenses all other advertising and marketing costs when incurred. Advertising and promotion costs are recorded in selling, general and administrative expenses and totaled $587 million, $431 million and $214 million in 2017, 2016 and 2015, respectively.
Research and Development Costs	Research and Development Costs Research and development costs relating to both future and current products are charged to selling, general and administrative expenses as incurred. These costs totaled $224 million, $188 million and $113 million in 2017, 2016 and 2015, respectively.
Derivative Financial Instruments	Derivative Financial Instruments Derivative financial instruments are generally used to manage certain commodity, interest rate and foreign currency risks. These instruments primarily include interest rate swaps, forward starting interest rate swaps, forward exchange contracts and options. The Company’s forward exchange contracts and options do not subject the Company to exchange rate risk because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. However, these instruments, when settled, impact the Company’s cash flows from operations to the extent the underlying transaction being hedged is not simultaneously settled due to an extension, a renewal or otherwise. On the date when the Company enters into a derivative, the derivative is designated as a hedge of the identified exposure. The Company measures effectiveness of its hedging relationships both at hedge inception and on an ongoing basis.
Foreign Currency Operations	Foreign Currency Operations Assets and liabilities of foreign subsidiaries are translated into U.S. Dollars at the rates of exchange in effect at year-end. The related translation adjustments are made directly to accumulated other comprehensive income (loss). Income and expenses are translated at the average monthly rates of exchange in effect during the year. Foreign currency transaction gains and losses are included in the results of operations and are generally classified in other (income) expense, net, in the Consolidated Statement of Operations. Foreign currency transaction net losses for 2017, 2016 and 2015 were $11.0 million, $2.2 million and $17.9 million, respectively. The Company designates certain foreign currency denominated, long-term intercompany financing transactions as being of a long-term investment nature and records gains and losses on the transactions arising from changes in exchange rates as translation adjustments.
Venezuelan Operations	Venezuelan Operations Until December 31, 2015, the Company accounted for its Venezuelan operations using highly inflationary accounting, and therefore, the Company remeasured assets, liabilities, sales and expenses denominated in Bolivar Fuertes (“Bolivars”) into U.S. Dollars using the applicable exchange rate, and the resulting translation adjustments were included in earnings. As of December 31, 2015, the Company determined it could no longer exercise control over its Venezuela operations because the availability of U.S. Dollars had declined significantly over the past several years in each of Venezuela’s three exchange mechanisms. As a result, the Company deconsolidated its Venezuelan operations. Prior to the deconsolidation of the Venezuela operations on December 31, 2015, the results of the Company’s Venezuelan operations have been included in the Company’s Consolidated Statements of Operations for 2015 and all prior periods. As of December 31, 2015, the Company began accounting for its investment in its Venezuelan operations using the cost method of accounting, and the cost basis was adjusted to nil as of December 31, 2015. During the year ended December 31, 2015, the Venezuelan operations generated 2.2% of consolidated net sales and $51.1 million of the Company’s reported annual operating income, respectively. As a result of deconsolidating its Venezuelan operations, the Company recorded a charge of $173 million in 2015. The charge consisted of the write-off of the Company’s Venezuelan operations’ net assets of $74.7 million, as well as $58.3 million of Venezuela receivable-related assets held by other subsidiaries, resulting in $133 million of total charges associated with the deconsolidation of Venezuela’s net assets. In addition, in accordance with applicable accounting standards for foreign currency and the transition to the cost method for Venezuela’s operations, the Company was required to write-off the currency translation adjustment that arose prior to the application of hyperinflationary accounting in 2010 that was included in other comprehensive loss in equity. The write-off of the currency translation adjustment resulted in a pre-tax charge of $39.7 million. Since the Company holds all of the equity interests but does not have the power to direct the activities that most significantly affect the Venezuelan entity’s economic performance, the Company considers the Venezuelan entity a variable interest entity for which the Company is not the primary beneficiary. The Company has determined that the Venezuelan entity’s assets can only be used to settle its obligations. As of December 31, 2017, the Company has no outstanding exposures or commitments with respect to its Venezuelan operations. Further, dividends and payments for intercompany receivables due from the Company’s Venezuelan operations will be recorded as other income upon receipt.
Income Taxes	Income Taxes The Company accounts for deferred income taxes using the asset and liability approach. Under this approach, deferred income taxes are recognized based on the tax effects of temporary differences between the financial statement and tax bases of assets and liabilities, as measured by current enacted tax rates. Valuation allowances are recorded to reduce the deferred tax assets to an amount that will more likely than not be realized. The Company’s income tax provisions are based on calculations and assumptions that are subject to examination by various worldwide tax authorities. Although the Company believes that the positions taken on previously filed tax returns are reasonable, it has established tax, interest and penalty reserves in recognition that various taxing authorities may challenge the positions taken, which could result in additional liabilities for taxes, interest and penalties. The Company regularly reviews its deferred tax assets for recoverability considering historical profitability, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies. The authoritative guidance requires application of a “more likely than not” threshold to the recognition and derecognition of tax positions. The Company’s ongoing assessments of the more likely than not outcomes of tax authority examinations and related tax positions require significant judgment and can increase or decrease the Company’s effective tax rate, as well as impact operating results.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense is adjusted for estimated forfeitures and is recognized on a straight-line basis over the requisite service period of the award, which is generally three years for stock options and one to three years for restricted stock units and performance-based restricted stock units. The Company estimates future forfeiture rates based on its historical experience. See Footnote 15 for additional information.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to U.S. Generally Accepted Accounting Principles (“GAAP”) are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The FASB also issued several amendments and updates to the new revenue standard. As amended, the new revenue standard will replace existing revenue recognition requirements in U.S. GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The new revenue standard will also require significantly expanded disclosures regarding the qualitative and quantitative information of the Company’s nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted the new standard on January 1, 2018, using the modified retrospective transition method and applying this approach to those contracts that were not completed as of that date. The Company is substantially complete with its business process reviews and changes to its controls to support recognition and disclosures under the new guidance. The Company does not expect the adoption of the standard to have a material impact on its consolidated financial statements and mainly expects presentation changes in the balance sheet and income statement from the transition to the new revenue standard, primarily due to reclassifications of certain costs and cash payments made to customers previously recorded in costs of products sold and selling, general and administrative expenses, with no impact on net income. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. ASU 2016-02 is effective for the Company on January 1, 2019. The Company is currently evaluating the effect of the adoption of ASU 2016-02 on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, “Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” ASU 2017-07 changes how employers that sponsor defined benefit pension plans and other postretirement plans present the net periodic benefit cost in the income statement. ASU 2017-07 requires that the service cost component of net periodic benefit cost be reported in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. ASU 2017-07 also allows only the service cost component to be eligible for capitalization, when applicable. This guidance is effective for annual periods beginning after December 15, 2017, with early adoption permitted. ASU 2017-07 is to be applied retrospectively for the income statement presentation requirements and prospectively for the capitalization requirements of the service cost component. The Company does not expect that the adoption of ASU 2017-17 will have a material impact on the Company’s consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU 2017-12 amends existing guidance to better align an entity’s risk management activities and financial reporting for hedging relationships. ASU 2017-12 also expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual periods. The Company is beginning to evaluate the impact the adoption of ASU 2017-22 will have on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU No. 2018-02 provides companies with an option to reclassify stranded tax effects within accumulated other comprehensive income (“AOCI”) to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. ASU No. 2018-02 also requires disclosure of a description of the accounting policy for releasing income tax effects from AOCI and whether an election was made to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act. ASU No. 2018-02 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Companies can adopt the provisions of ASU 2018-02 in either the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company is beginning to evaluate the impact the adoption of ASU 2018-02 will have on the Company’s consolidated financial statements. Other recently issued ASUs were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s consolidated financial position and results of operations.
Adoption of New Accounting Guidance	Adoption of New Accounting Guidance In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment.” ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. ASU 2017-04 is effective for annual or interim impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company adopted ASU 2017-04 during the third quarter of 2017 in connection with its annual goodwill impairment testing. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation: Improvement to Employee Share-Based Payment Accounting.” ASU 2016-09 provides guidance intended to simplify accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The guidance is effective for interim and annual periods beginning after December 15, 2016. The new standard requires: (1) excess tax benefits and tax deficiencies related to share-based awards to be recognized as income tax benefit or expense on a prospective basis in the reporting period in which they vest; (2) excess tax benefits from share-based payment arrangements to be presented within operating activities and withholding tax payments upon vesting of restricted stock units to be presented within financing activities within the cash flow statement; (3) permits the employer to repurchase more of an employee’s shares for tax withholding purposes and not classify the award as a liability that requires valuation on a mark-to-market basis; and (4) allows for a policy election to account for forfeitures as they occur. The Company adopted this guidance in the first quarter of 2017 and decided to continue its policy of estimating forfeitures. The Company has also elected to retrospectively reclassify the prior year cash flows related to excess tax benefits from share-based payment arrangements from financing activities to operating activities within the consolidated statements of cash flows. The Company adopted this guidance in the first quarter of 2017 and it did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company. In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory,” which modified existing requirements regarding measuring first-in, first-out and average cost inventory at the lower of cost or market. Under past standards, the market amount requires consideration of replacement cost, net realizable value (“NRV”), and NRV less an approximately normal profit margin. ASU 2015-11 replaces market with NRV, defined as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This eliminates the need to determine and consider replacement cost or NRV less an approximately normal profit margin when measuring inventory. This guidance is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance in the first quarter of 2017 and it did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

Acquisitions and Mergers (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Business Acquisition, Pro Forma Information


	Year Ended December 31,
(in millions, except per share data)	2016		2015
Net sales	$	15,657.6	$	14,519.6
Net income (loss)		748.0		(254.9	)
Income (loss) per share:
Basic	$	1.55	$	(0.53	)
Diluted	$	1.54	$	(0.53	)

Divestitures and Planned Divestitures (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary of Amounts Included in Discontinued Operations

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the Endicia and Culinary electrics and retail businesses (in millions):


	2017		2016			2015
Net sales	$	—	$	—		$	56.5

Loss from discontinued operations before income taxes	$	—	$	(1.9	)	$	(7.7	)
Income tax benefit		—		(0.6	)		(2.8	)

Loss from discontinued operations		—		(1.3	)		(4.9	)
Net gain from sale of discontinued operations, net of tax		—		0.6			95.6

Income (loss) from discontinued operations, net of tax	$	—	$	(0.7	)	$	90.7

Schedule of Major Classes of Assets and Liabilities Held for Sale


	2017		2016
Accounts receivable, net	$	—	$	164.4
Inventories, net		—		311.6
Prepaid expenses and other		—		24.3
Property, plant and equipment, net		4.0		224.9
Goodwill		—		762.5
Other intangible assets, net		—		244.5
Other assets		—		13.5

Total Assets Held for Sale	$	4.0	$	1,745.7

Accounts payable	$	—	$	88.2
Accrued compensation		—		35.3
Other accrued liabilities		—		81.6
Short-term debt and current portion long-term debt		—		4.3
Other noncurrent liabilities		—		131.1

Total Liabilities Held for Sale	$	—	$	340.5

Components of Accumulated Other Comprehensive Income

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

The following tables display the components of AOCI as of and for the years ended December 31, 2017 and 2016 (in millions):


	Cumulative Translation Adjustment			Pension and Postretirement Costs			Derivative Financial Instruments			AOCI
Balance at December 31, 2015	$	(411.7	)	$	(422.3	)	$	0.2		$	(833.8	)
Other comprehensive (loss) income before reclassifications		(198.0	)		10.0			(48.0	)		(236.0	)
Amounts reclassified to earnings		1.8			12.3			10.9			25.0

Net current period other comprehensive income (loss)		(196.2	)		22.3			(37.1	)		(211.0	)

Balance at December 31, 2016	$	(607.9	)	$	(400.0	)	$	(36.9	)	$	(1,044.8	)
Other comprehensive (loss) income before reclassifications		201.7			6.6			(27.8	)		180.5
Amounts reclassified to earnings		87.4			7.9			5.9			101.2

Net current period other comprehensive income (loss)		289.1			14.5			(21.9	)		281.7

Balance at December 31, 2017	$	(318.8	)	$	(385.5	)	$	(58.8	)	$	(763.1	)

Schedule of Income Tax (Provision) Benefit Allocated to Components of OCI

The income tax provision (benefit) allocated to the components of OCI are as follows (in millions):


	2017			2016			2015
Foreign currency translation adjustments	$	0.5		$	—		$	10.3
Unrecognized pension and postretirement costs		12.3			19.6			41.1
Derivative hedging (loss) gain		(8.7	)		(20.7	)		0.6

Income tax provision (benefit) related to OCI	$	4.1		$	(1.1	)	$	52.0

Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Restructuring Costs Incurred by Reportable Business Segment

Restructuring costs by segment for all restructuring activities in continuing operations for the periods indicated are as follows (in millions):


	2017		2016		2015
Live	$	14.0	$	18.8	$	3.6
Learn		10.1		14.0		9.3
Work		11.6		6.4		7.7
Play		14.3		6.7		0.3
Other		6.1		8.1		2.9
Corporate		55.8		20.9		53.4

	$111.9		$74.9		$77.2

Project Renewal [Member]

Schedule of Accrued Restructuring Costs Activity

Accrued restructuring cost activity for Project Renewal for 2017 and 2016 is as follows (in millions):


	Balance at December 31, 2016		Restructuring Costs		Payments, Foreign Currency and Other			Balance at December, 31 2017
Employee severance, termination benefits and relocation costs	$	15.8	$	2.3	$	(7.1	)	$	11.0
Exited contractual commitments and other		17.4		17.1		(9.5	)		25.0

	$	33.2	$	19.4	$	(16.6	)	$	36.0


	Balance at December 31, 2015		Restructuring Costs			Payments, Foreign Currency and Other			Balance at December, 31 2016
Employee severance, termination benefits and relocation costs	$	49.3	$	(9.1	)	$	(24.4	)	$	15.8
Exited contractual commitments and other		17.3		19.0			(18.9	)		17.4

	$	66.6	$	9.9		$	(43.3	)	$	33.2

Jarden Integration [Member]

Schedule of Accrued Restructuring Costs Activity

Accrued restructuring cost activity for the Jarden Integration and other restructuring for 2017 and 2016 is as follows (in millions):


	Balance at December 31, 2016		Restructuring Costs		Payments, Foreign Currency and Other			Balance at December 31, 2017
Employee severance, termination benefits and relocation costs	$	38.2	$	83.9	$	(70.3	)	$	51.8
Exited contractual commitments and other		0.5		8.6		(3.1	)		6.0

	$	38.7	$	92.5	$	(73.4	)	$	57.8


	Balance at December 31, 2015		Restructuring Costs		Payments, Foreign Currency and Other			Balance at December 31, 2016
Employee severance, termination benefits and relocation costs	$	0.8	$	56.2	$	(18.8	)	$	38.2
Exited contractual commitments and other		—		8.8		(8.3	)		0.5

	$	0.8	$	65.0	$	(27.1	)	$	38.7

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Components of Net Inventories

The components of net inventories were as follows as of December 31, (in millions):


	2017		2016
Raw materials and supplies	$	419.6	$	350.7
Work-in-process		252.5		236.1
Finished products		1,826.7		1,529.2

Total inventories	$	2,498.8	$	2,116.0

Property, Plant & Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net, consisted of the following as of December 31, (in millions):


	2017			2016
Land	$	108.2		$	108.4
Buildings and improvements		757.3			653.0
Machinery and equipment		2,777.7			2,454.6

		3,643.2			3,216.0
Less: Accumulated depreciation		(1,935.7	)		(1,672.6	)

	$	1,707.5		$	1,543.4

Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Goodwill by Reportable Business Segment

A summary of changes in the Company’s goodwill by reportable business segment is as follows for 2017 and 2016 (in millions):


Segment	Balance at December 31, 2016		Acquisitions		Other Adjustments (1)			Impairment (3)		Foreign Currency			Balance at December 31, 2017
Live	$	3,639.9	$	201.7	$	45.8		$	—	$	23.4		$	3,910.8
Learn		2,785.4		—		3.9			—		64.9			2,854.2
Work		1,871.0		—		(16.9	)		—		27.7			1,881.8
Play		1,161.4		—		(7.6	)		—		5.5			1,159.3
Other		761.2		—		(9.7	)		—		2.5			754.0

	$	10,218.9	$	201.7	$	15.5		$	—	$	124.0		$	10,560.1


Segment	Balance at December 31, 2015		Acquisitions		Other Adjustments (2)			Impairment (3)		Foreign Currency			Balance at December 31, 2016
Live	$	376.9	$	3,315.0	$	(28.5	)	$	—	$	(23.5	)	$	3,639.9
Learn		1,359.0		1,442.4		—			—		(16.0	)		2,785.4
Work		387.3		1,510.7		—			—		(27.0	)		1,871.0
Play		174.7		991.9		—			—		(5.2	)		1,161.4
Other		493.3		1,011.6		(734.0	)		—		(9.7	)		761.2

	$	2,791.2	$	8,271.6	$	(762.5	)	$	—	$	(81.4	)	$	10,218.9

(1)	Comprised primarily of adjustments related to the Jarden Acquisition, whose purchase price allocation was finalized during the second quarter of 2017 (see Footnote 2).

(2)	Includes amounts reclassified to assets held for sale.

(3)	The Company recorded impairment charges to goodwill related to its Winter Sports and fire building businesses during 2017, which were classified as assets held for sale (see Footnote 3).

Schedule of Other Intangible Assets and Related Amortization Periods

The table below summarizes the balance of other intangible assets, net and the related amortization periods using the straight-line method and attribution method as of December 31, (in millions):


	2017							2016
	Gross Carrying Amount (1)		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value		Amortization Periods (in years)
Trade names — indefinite life	$	10,210.8	$	—		$	10,210.8	$	9,935.1	$	—		$	9,935.1	N/A
Trade names — other		366.9		(58.5	)		308.4		286.3		(34.2	)		252.1	3–30 years
Capitalized software		558.6		(349.6	)		209.0		482.0		(252.9	)		229.1	3–12 years
Patents and intellectual property		252.1		(142.8	)		109.3		227.9		(105.0	)		122.9	3–14 years
Customer relationships and distributor channels		3,703.2		(377.8	)		3,325.4		3,761.7		(204.0	)		3,557.7	3–30 years
Other		135.6		(62.5	)		73.1		25.9		(11.0	)		14.9	3–5 years

	$	15,227.2	$	(991.2	)	$	14,236.0	$	14,718.9	$	(607.1	)	$	14,111.8

(1)	Includes adjustments made related to the Jarden Acquisition purchase price allocation, which was finalized during the second quarter of 2017, as well as amounts from the acquisitions of Smith Mountain, Sistema and Chesapeake Bay Candle (see Footnote 2).

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2017, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):


Years Ending December 31,	Amount
2018	$	340.0
2019		328.3
2020		267.6
2021		224.0
2022		205.4
Thereafter		2,659.9

Other Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities

Other accrued liabilities included the following as of December 31, (in millions):


	2017		2016
Customer accruals	$	447.7	$	432.4
Accruals for manufacturing, marketing and freight expenses		60.7		89.3
Accrued self-insurance liabilities, contingencies and warranty		179.6		168.1
Deferred revenue		180.4		187.5
Derivative liabilities		27.4		14.7
Accrued income taxes		217.6		64.9
Accrued interest expense		100.1		108.5
Other		491.9		399.5

Other accrued liabilities	$	1,705.4	$	1,464.9

Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following is a summary of outstanding debt as of December 31, (in millions):


	2017			2016
2.05% senior notes due 2017	$	—		$	349.4
6.25% senior notes due 2018		—			249.8
2.15% senior notes due 2018		299.5			298.9
2.60% senior notes due 2019		266.7			995.0
2.875% senior notes due 2019		348.6			347.9
4.70% senior notes due 2020		304.3			380.0
3.15% senior notes due 2021		993.6			991.7
3.75% senior notes due 2021		373.2			326.9
4.00% senior notes due 2022		248.8			248.5
3.85% senior notes due 2023		1,738.8			1,737.0
5.00% senior notes due 2023		312.1			314.1
4.00% senior notes due 2024		495.8			495.2
3.90% senior notes due 2025		297.2			296.8
4.20% senior notes due 2026		1,982.7			1,981.0
5.375% senior notes due 2036		495.0			494.7
5.50% senior notes due 2046		1,726.0			1,725.7
Term loan (1)		299.8			399.5
Commercial paper		—			—
Receivables facility		298.3			187.4
Other debt		72.0			73.3

Total debt		10,552.4			11,892.8
Short-term debt and current portion of long-term debt		(662.8	)		(601.9	)

Long-term debt	$	9,889.6		$	11,290.9

(1) At December 31, 2017, the interest rate on the term loan, which matures in April 2019, was approximately 3.1%

Schedule of Maturities of Long-term Debt

The Company’s debt maturities for the five years following December 31, 2017 and thereafter are as follows (in millions):


2018	2019	2020	2021	2022	Thereafter	Total
$671.9	$919.2	$306.8	$1,362.0	$251.2	$7,103.7	$10,614.8

Schedule of Fair Value of Senior Notes

The fair values of the Company’s senior notes are based on quoted market prices and are as follows (in millions):


	December 31, 2017				December 31, 2016
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	10,688.5	$	9,882.3	$	11,979.2	$	11,234.1

Derivatives (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Financial Instruments

The following table presents the fair value of derivative financial instruments as of December 31, (in millions):


	2017				2016
	Fair Value of Derivatives				Fair Value of Derivatives
	Asset (a)		Liability (a)		Asset (a)		Liability (a)
Derivatives designated as effective hedges:
Cash flow hedges:
Cross-currency swaps	$	—	$	21.5	$	0.7	$	16.3
Foreign currency contracts		2.0		6.6		14.2		3.4
Fair value hedges:
Interest rate swaps		—		7.8		—		5.9
Derivatives not designated as effective hedges:
Foreign currency contracts		12.7		20.8		18.2		10.9
Commodity contracts		0.2		—		0.2		0.3

Total	$	14.9	$	56.7	$	33.3	$	36.8

(a)	Consolidated balance sheet location:

Asset: Prepaid expenses and other, and other non-current assets

Liability: Other accrued liabilities, and other non-current liabilities

Schedule of Pretax Effects of Derivative Financial Instruments Designated as Effective Hedges

The following table presents gain and loss activity (on a pretax basis) for 2017, 2016 and 2015 related to derivative financial instruments designated as effective hedges (in millions):


	2017						2016						2015
	Gain/(Loss)						Gain/(Loss)						Gain/(Loss)
	Recognized in OCI(a)			Reclassified from AOCI to Income			Recognized in OCI(a)			Reclassified from AOCI to Income			Recognized in OCI(a)				Reclassified from AOCI to Income
Interest rate swaps	$	—		$	(8.2	)	$	(88.1	)	$	(6.2	)	$		(3.1	)	$	(0.8	)
Foreign currency contracts		(33.1	)		6.8			31.3			7.4				15.8			16.1
Cross-currency swaps		(5.8	)		(6.9	)		(13.0	)		(13.2	)			(2.7	)		(1.0	)

Total	$	(38.9	)	$	(8.3	)	$	(69.8	)	$	(12.0	)		$	10.0		$	14.3

(a) Represents effective portion recognized in Other Comprehensive Income (“OCI”).

Commitments (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum rental payments for operating leases with initial or remaining terms in excess of one year are as follows as of December 31, 2017 (in millions):


2018	2019	2020	2021	2022	Thereafter	Total
$215.4	$178.8	$140.1	$114.0	$95.3	$324.7	$1,068.3

Employee Benefit and Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

Summary of under-funded or non-funded pension benefit plans with projected benefit obligations in excess of plan assets at December 31, (in millions):


	Pension Benefits
	2017		2016
Projected benefit obligation	$	1,938.2	$	1,941.9
Fair value of plan assets		1,489.9		1,449.5

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

Summary of pension plans with accumulated obligations in excess of plan assets at December 31, (in millions):


	Pension Benefits
	2017		2016
Accumulated benefit obligation	$	1,929.6	$	1,933.2
Fair value of plan assets		1,489.9		1,449.5

Schedule of Expected Benefit Payments

Estimated future benefit payments under the Company’s defined benefit pension plans and postretirement benefit plans are as follows as of December 31, 2017 (in millions):


	2018		2019		2020		2021		2022		Thereafter
Pension benefits	$	127.8	$	126.9	$	128.9	$	128.6	$	128.1	$	627.6
Postretirement benefits	$	5.9	$	5.9	$	5.8	$	5.8	$	5.7	$	24.5

Pension Benefits [Member]

Schedule of Reconciliation of Benefit Obligations


	Pension Benefits												Postretirement Benefits
	U.S.						International
Change in benefit obligation:	2017			2016			2017			2016			2017			2016
Benefit obligation at beginning of year	$	1,592.2		$	937.7		$	647.4		$	613.6		$	74.6		$	67.9
Service cost		2.8			2.7			7.5			6.6			0.1			0.1
Interest cost		50.5			45.1			13.6			17.5			2.2			2.2
Actuarial (gain) loss		84.9			(16.3	)		1.8			104.2			(0.4	)		3.0
Amendments		—			—			0.4			—			(5.0	)
Currency translation		—			—			72.2			(107.9	)		—			—
Benefits paid		(103.0	)		(98.2	)		(24.0	)		(25.3	)		(6.4	)		(6.1	)
Acquisitions and dispositions, net		—			721.2			(13.9	)		64.8			—			7.2
Curtailments, settlements and other		(41.2	)		—			(16.1	)		(26.1	)		—			0.3

Benefit obligation at end of year (1)	$	1,586.2		$	1,592.2		$	688.9		$	647.4		$	65.1		$	74.6

Schedule of Changes in Fair Value of Plan Assets

Change in plan assets:
Fair value of plan assets at beginning of year	$	1,230.6		$	722.9		$	565.3		$	560.3		$	—		$	—
Actual return on plan assets		171.5			70.7			24.3			112.4			—			—
Contributions		13.2			12.0			16.1			16.4			—			—
Currency translation		—			—			60.8			(105.9	)		—			—
Benefits paid		(103.0	)		(98.2	)		(24.0	)		(25.3	)		—			—
Acquisitions and dispositions, net		—			523.2			(5.5	)		34.0			—			—
Settlements and other		(41.2	)		—			(15.8	)		(26.6	)		—			—

Fair value of plan assets at end of year	$	1,271.1		$	1,230.6		$	621.2		$	565.3		$	—		$	—

Funded status at end of year	$	(315.1	)	$	(361.6	)	$	(67.7	)	$	(82.1	)	$	(65.1	)	$	(74.6	)

Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	$	—		$	—		$	65.4		$	48.7		$	—		$	—
Accrued current benefit cost—other accrued liabilities		(12.9	)		(12.5	)		(5.1	)		(4.4	)		(5.8	)		(6.4	)
Accrued noncurrent benefit cost— other noncurrent liabilities		(302.2	)		(349.1	)		(128.0	)		(126.4	)		(59.3	)		(68.2	)

Net amount recognized	$	(315.1	)	$	(361.6	)	$	(67.7	)	$	(82.1	)	$	(65.1	)	$	(74.6	)

Schedule of Assumptions Used

Assumptions:
Weighted-average assumptions used to determine benefit obligation:
Discount rate	3.48	%	3.98	%	2.24	%	2.35	%	3.32	%	3.75	%
Long-term rate of compensation increase	2.50	%	2.50	%	3.47	%	3.53	%			—
Current health care cost trend rates	—		—				—		6.70	%	8.67	%
Ultimate health care cost trend rates	—		—				—		4.50	%	4.50	%

Schedule Of Company's Pension Cost And Supplemental Retirement Plans

The components of pension and postretirement benefit expense for 2017, 2016 and 2015 are as follows (dollars in millions):


	Pension Benefits
	U.S.									International
	2017			2016			2015			2017			2016			2015
Service cost	$	2.8		$	2.7		$	3.2		$	7.5		$	6.6		$	5.8
Interest cost		50.5			45.1			41.3			13.5			17.5			19.6
Expected return on plan assets		(73.3	)		(69.1	)		(58.0	)		(18.7	)		(20.8	)		(22.1	)
Amortization:
Prior service cost (credit)		(0.1	)		(0.1	)		(0.1	)		0.4			0.5			—
Net actuarial loss		23.7			21.8			26.2			2.2			2.2			3.4
Curtailment, settlement and termination (benefit) costs		(3.7	)		—			52.1			1.3			2.9			0.4

Total expense (income)	$	(0.1	)	$	0.4		$	64.7		$	6.2		$	8.9		$	7.1

Schedule of Assumptions Used, Periodic Benefit Cost

Assumptions
Weighted average assumption used to calculate net periodic cost:
Effective discount rate for benefit obligations	3.98	%	4.06	%	4.00	%	2.12	%	3.29	%	3.03	%
Effective rate for interest on benefit obligations	3.28	%	3.21	%	4.00	%	1.72	%	2.92	%	3.03	%
Effective rate for service cost	3.83	%	4.16	%	4.00	%	2.44	%	3.39	%	3.03	%
Effective rate for interest on service cost	3.38	%	3.67	%	4.00	%	2.38	%	3.35	%	3.03	%
Long-term rate of return on plan assets	6.02	%	6.34	%	7.25	%	2.61	%	3.93	%	3.86	%
Long-term rate of compensation increase	2.50	%	2.50	%	2.50	%	3.53	%	3.51	%	3.60	%

Schedule of Allocation of Plan Assets

The composition of domestic pension plan assets at December 31, 2017 and 2016 is as follows (in millions):


	Plan Assets – Domestic Plans
	December 31, 2017
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds:
Domestic	$	129.8	$	—	$	—	$	129.8	$	4.7	$	134.5
International		75.5		—		—		75.5		84.3		159.8
Fixed income securities and funds		395.4		—		—		395.4		207.5		602.9
Alternative investments		23.8		—		18.2		42.0		131.7		173.7
Cash and other		183.9		15.2		1.1		200.2		—		200.2

Total	$	808.4	$	15.2	$	19.3	$	842.9	$	428.2	$	1,271.1


	Plan Assets – Domestic Plans
	December 31, 2016
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds:
Domestic	$	149.8	$	—	$	—	$	149.8	$	120.6	$	270.4
International		80.4		—		—		80.4		101.2		181.6
Fixed income securities and funds		372.7		—		—		372.7		211.0		583.7
Alternative investments		23.5		—		19.1		42.6		123.5		166.1
Cash and other		12.5		15.2		1.1		28.8		—		28.8

Total	$	638.9	$	15.2	$	20.2	$	674.3	$	556.3	$	1,230.6

The Company reclassified as of December 31, 2016, $42.3 of assets previously classified as Level 3 to NAV-based assets in order to reflect the appropriate classification of the assets.

The composition of international pension plan assets at December 31, 2017 and 2016 is as follows (in millions):


	Plan Assets – International Plans
	December 31, 2017
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds	$	38.8	$	—	$	—	$	38.8	$	14.1	$	52.9
Fixed income securities and funds		258.8		—		—		258.8		14.4		273.2
Cash and other		6.7		242.9		13.7		263.3		31.8		295.1

Total	$	304.3	$	242.9	$	13.7	$	560.9	$	60.3	$	621.2


	Plan Assets – International Plans
	December 31, 2016
	Fair Value Measurements
Asset Category	Level 1		Level 2		Level 3		Subtotal		NAV-based assets		Total
Equity securities and funds	$	26.2	$	—	$	—	$	26.2	$	44.8	$	71.0
Fixed income securities and funds		164.0		—		5.3		169.3		46.3		215.6
Cash and other		4.7		217.8		13.5		236.0		42.7		278.7

Total	$	194.9	$	217.8	$	18.8	$	431.5	$	133.8	$	565.3

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets


	Total
Balance, December 31, 2015	$	26.9
Acquisitions		15.7
Realized gains		2.2
Unrealized losses		(2.5	)
Purchases, sales, settlements, and other, net		(3.3	)

Balance, December 31, 2016	$	39.0
Realized losses		(0.7	)
Unrealized gains		3.3
Purchases, sales, settlements and other, net		(8.6	)

Balance, December 31, 2017	$	33.0

Postretirement Benefits [Member]

Schedule Of Company's Pension Cost And Supplemental Retirement Plans


	Postretirement Benefits
	2017			2016			2015
Service cost	$	0.1		$	0.1		$	0.3
Interest cost		2.2			2.2			3.4
Amortization:
Prior service credit		(5.2	)		(5.2	)		(6.6	)
Net actuarial gain		(3.9	)		(5.2	)		(1.2	)

Total income	$	(6.8	)	$	(8.1	)	$	(4.1	)

Schedule of Assumptions Used, Periodic Benefit Cost

Assumptions
Weighted average assumption used to calculate net periodic cost:
Effective discount rate for benefit obligations	3.76	%	4.06	%	4.00	%
Effective rate for interest on benefit obligations	3.07	%	3.21	%	4.00	%
Effective rate for service cost	3.25	%	4.16	%	4.00	%
Effective rate for interest on service cost	3.02	%	3.67	%	4.00	%

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Schedule of Computations of Weighted Average Shares Outstanding

The computations of the weighted average shares outstanding for the periods indicated are as follows (in millions):


	2017		2016		2015
Weighted-average shares outstanding		485.7		418.3		267.9
Share-based payment awards classified as participating securities		1.0		1.5		1.4
Dilutive effect from Jarden Acquisition		—		1.5		—

Basic weighted-average shares outstanding		486.7		421.3		269.3
Dilutive securities (1)		1.3		1.8		2.2

Diluted weighted-average shares outstanding		488.0		423.1		271.5

(1)	For 2017, 2016 and 2015, the amount of potentially dilutive securities that are excluded because their effect would be anti-dilutive are not material.

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Changes In Stock Options

The following table summarizes the changes in the number of shares of common stock under option for 2017 (shares and aggregate intrinsic value in millions):


	Shares			Weighted- Average Exercise Price Per Share		Weighted Average Remaining Life (years)		Aggregate Intrinsic Value
Outstanding at December 31, 2016		0.7		$	20
Exercised		(0.3	)	$	25

Outstanding at December 31, 2017 (a)		0.4		$	16		2.4	$	6.3

(a)	All options outstanding are exercisable

Summary of Changes of Restricted Stock and Restricted Stock Units

The following table summarizes the changes in the number of outstanding restricted stock units for 2017 (shares in millions):


	Restricted Stock Units			Weighted-Average Grant Date Fair Value Per Share -
Outstanding at December 31, 2016		4.3		$	48
Granted		2.0			47
Grant Adjustments (b)		0.1			39
Vested		(1.4	)		40
Forfeited		(0.6	)		48

Outstanding at December 31, 2017		4.4			50

Expected to vest at December 31, 2017		2.1			47

(b)	Represents the incremental shares issued from the shares originally granted which were dependent upon the achievement of specified performance criteria.

Summary of Total Unrecognized Compensation Cost Related to Stock-based Compensation

The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation as of December 31, 2017 (in millions):


	Unrecognized Compensation Cost		Weighted-Average Period of Expense Recognition (in years)
Restricted stock units	$	87.9		1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following for the years ended December 31, (in millions):


	2017			2016			2015
Current:
Federal	$	272.1		$	126.6		$	103.0
State		21.4			39.0			18.8
Foreign		168.5			86.8			19.4

Total current		462.0			252.4			141.2
Deferred		(1,781.8	)		33.4			(7.2	)

Total income tax provision (benefit)		(1,319.8	)		285.8			134.0
Total provision (benefit) — discontinued operations		—			(0.2	)		55.8

Total provision (benefit) — continuing operations	$	(1,319.8	)	$	286.0		$	78.2

Reconciliation of U.S. Statutory Rate to Effective Income Tax Rate on Continuing Basis

A reconciliation of the U.S. statutory rate to the effective income tax rate on a continuing basis is as follows for the years ended December 31:


	2017			2016			2015
Statutory rate		35.0	%		35.0	%		35.0	%
Add (deduct) effect of:
State income taxes, net of federal income tax effect		2.0			4.2			3.0
Foreign tax credit		1.8			1.3			(17.5	)
Foreign rate differential		(13.0	)		(9.8	)		(10.5	)
Resolution of tax contingencies, net of increases		(1.9	)		(2.1	)		1.2
Valuation allowance reserve (decrease) increase		(3.0	)		(3.3	)		0.2
Manufacturing deduction		(0.9	)		(2.2	)		(2.0	)
Foreign statutory tax rate change		(1.1	)		(4.9	)		—
Sale of businesses		(5.2	)		—			—
Tools outside basis difference		—			20.2			—
Reversal of outside basis difference		(4.8	)		—			—
U.S. Tax Reform, impact of change in tax rate and other		(112.2	)		—			—
U.S. Tax Reform, federal income tax on mandatory deemed repatriation		12.4			—			—
Venezuela deconsolidation		—			—			15.7
Other		(1.5	)		(3.3	)		(1.9	)

Effective rate		(92.4	)%		35.1	%		23.2	%

Schedule of Components of Net Deferred Tax Assets

The components of net deferred tax assets are as follows as of December 31, (in millions):


	2017			2016
Deferred tax assets:
Accruals not currently deductible for tax purposes	$	199.7		$	285.8
Inventory		44.3			83.9
Postretirement liabilities		29.0			44.0
Pension liabilities		71.7			149.8
Net operating losses		376.4			361.3
Foreign tax credits		7.5			34.0
Other		145.0			193.0

Total gross deferred tax assets		873.6			1,151.8
Less valuation allowance		(294.8	)		(325.3	)

Net deferred tax assets after valuation allowance		578.8			826.5

Deferred tax liabilities:
Accelerated depreciation		(108.3	)		(159.5	)
Amortizable intangibles		(3,572.2	)		(5,300.5	)
Outside basis differences		(18.3	)		(319.0	)
Other		(35.8	)		(35.0	)

Total gross deferred tax liabilities		(3,734.6	)		(5,814.0	)

Net deferred tax liabilities	$	(3,155.8	)	$	(4,987.5	)

Summary of Changes in Gross Unrecognized Tax Benefits

The following table summarizes the changes in gross unrecognized tax benefits for the years ended December 31, (in millions):


	2017			2016
Unrecognized tax benefits, January 1,	$	367.9		$	162.9
Increases (decreases):
Acquisitions-related		—			216.4
Increases in tax positions for prior years		23.7			4.8
Decreases in tax positions for prior years		(11.2	)		(4.4	)
Increase in tax positions for the current period		33.2			30.0
Settlements with taxing authorities		—			(0.1	)
Lapse of statute of limitations		(41.2	)		(41.7	)

Unrecognized tax benefits, December 31,	$	372.4		$	367.9

Fair Value (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Summary of Non-Pension Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the Company’s non-pension financial assets and liabilities, which are measured at fair value on a recurring basis (in millions):


	December 31, 2017										December 31, 2016
	Fair Value Asset (Liability)										Fair Value Asset (Liability)
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Derivatives:
Assets	$	—	$	14.9		$	—	$	14.9		$	—	$	33.3		$	—	$	33.3
Liabilities		—		(56.7	)		—		(56.7	)		—		(36.8	)		—		(36.8	)
Investment securities, including mutual funds		5.2		3.5			—		8.7			4.8		9.9			—		14.7

Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Schedule of Company's Reportable Segments

The Company’s reportable segments are as follows:


Segment	Key Brands	Description of Primary Products
Live	Aprica^®, Baby Jogger^®, Ball^®, Calphalon^®, Chesapeake Bay Candle^®, Crock-Pot^®, FoodSaver^®, Graco^®, Mr. Coffee^®, NUK^®, Oster^®, Rubbermaid^®, Sunbeam^®, Sistema^®, Tigex^®, Woodwick^®, Yankee Candle^®	Household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, home fragrance products; baby gear, infant care and health products

Learn	Dymo^®, Elmer’s^®, Expo^®, Jostens^®, Mr. Sketch^®, Paper Mate^®, Parker^®, Prismacolor^®, Sharpie^®, Waterman^®, X-Acto^®	Writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; fine writing instruments, labeling solutions and custom commemorative jewelry and academic regalia

Work	Mapa^®, Quickie^®, Rubbermaid^®, Rubbermaid Commercial Products^®, Spontex^®, Waddington	Cleaning and refuse products; hygiene systems; material handling solutions, consumer and commercial totes and commercial food service and premium tableware products

Play	Berkley^®, Coleman^®, Contigo^®, Ex Officio^®, Marmot^®, Rawlings^®, Shakespeare^®	Products for outdoor and outdoor-related activities

Other	Jarden Plastic Solutions, Jarden Applied Materials, Jarden Zinc Products, Goody^®, Bicycle^®, Rainbow^®	Plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging, beauty products, vacuum cleaning systems and gaming products

Schedule of Segment Reporting Information, by Segment

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


	2017
	Live		Learn		Work		Play		Other		Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	5,553.5	$	2,773.9	$	2,794.8	$	2,583.9	$	1,036.1	$	—		$	—		$	14,742.2
Operating income (loss) (2)		571.6		511.1		415.0		264.9		11.0		(436.0	)		(111.9	)		1,225.7
Other segment data:
Total assets	$	13,969.8	$	5,699.5	$	5,344.0	$	4,813.3	$	2,195.6	$	1,113.3		$	—		$	33,135.5
Capital expenditures		107.3		76.7		73.7		26.3		49.1		73.1			—			406.2
Depreciation and amortization		150.4		123.4		113.5		70.2		72.9		105.2			—			635.6

	2016
	Live		Learn		Work		Play		Other		Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	4,575.1	$	2,539.4	$	2,369.2	$	1,871.1	$	1,909.2	$	—		$	—		$	13,264.0
Operating income (loss) (2)		475.7		540.5		297.5		41.3		182.3		(362.3	)		(74.9	)		1,100.1
Other segment data:
Total assets	$	13,109.5	$	5,584.5	$	5,226.5	$	4,840.6	$	3,987.7	$	1,088.7		$	—		$	33,837.5
Capital expenditures		99.6		80.0		103.6		33.5		52.1		72.6			—			441.4
Depreciation and amortization		98.6		84.6		82.8		54.8		73.2		43.2			—			437.2

	2015
	Live		Learn		Work		Play		Other		Corporate			Restructuring Costs			Consolidated
Net sales (1)	$	1,416.5	$	1,792.9	$	1,186.4	$	293.5	$	1,226.4	$	—		$	—		$	5,915.7
Operating income (loss) (2)		182.3		435.2		125.8		30.7		136.3		(231.7	)		(77.2	)		601.4
Other segment data:
Capital expenditures	$	47.7	$	39.5	$	36.2	$	5.4	$	22.7	$	58.7		$	—		$	210.2
Depreciation and amortization		24.6		23.9		25.4		21.8		22.1		52.3			—			170.1

Schedule of Geographic Area Information

Geographic Area Information


	2017		2016		2015
Net Sales (1) (3)
United States	$	10,444.8	$	9,518.4	$	4,291.8
Canada		850.8		720.1		249.8

Total North America		11,295.6		10,238.5		4,541.6

Europe, Middle East and Africa		1,833.8		1,659.0		591.1
Latin America		771.4		643.6		408.5
Asia Pacific		841.4		722.9		374.5

Total International		3,446.6		3,025.5		1,374.1

	$	14,742.2	$	13,264.0	$	5,915.7

(1)	All intercompany transactions have been eliminated. Sales to Walmart Inc. and subsidiaries amounted to approximately 13.7%, 13.5% and 10.9% of consolidated net sales in 2017, 2016 and 2015, respectively, substantially across all segments.

(2)

(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.

Revenue from External Customers by Products and Services

The following table summarizes the net sales by major product grouping for the years ended December 31, (in millions):


	2017		2016		2015
Appliances & Cookware	$	2,006.9	$	1,698.8	$	232.0
Baby		1,285.2		1,141.3		848.3
Home Fragrance		1,071.4		776.6		—
Food		1,190.0		958.2		336.2
Writing		2,006.4		1,974.3		1,792.9
Jostens		767.5		565.1		—
Consumer & Commercial Solutions		1,639.2		1,563.9		1,186.4
Waddington		799.9		549.8		—
Safety & Security		355.7		255.8		—
Outdoor & Recreation		1,695.0		1,259.8		293.5
Fishing		555.7		405.9		—
Team Sports		333.2		205.3		—
Other		1,036.1		1,909.2		1,226.4

	$	14,742.2	$	13,264.0	$	5,915.7

Description of Business and Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017 USD ($) Segment	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Basis of Presentation and Significant Accounting Policies [Line Items]
Number of business segments \| Segment	5
Income (loss) from continuing operations, net of tax, attributable to non-controlling interest	$ 2,700,000	$ 2,000,000
Foreign currency transaction loss, before tax	11,000,000	2,200,000	$ 17,900,000
Operating income (loss)	1,225,700,000	1,100,100,000	601,400,000
Deconsolidation loss, amount			(172,700,000)
Selling, General and Administrative Expenses [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Advertising expense	587,000,000	431,000,000	214,000,000
Research and development expense	$ 224,000,000	188,000,000	113,000,000
Sprue Aegis [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Investment owned, percentage	23.40%
Revenue from related parties	$ 33,500,000	$ 23,200,000
Venezuelan Operations [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Cost method investments, original cost			$ 0
Net sales as a percentage of consolidated net sales			2.20%
Operating income (loss)			$ 51,100,000
Deconsolidation loss, amount			$ 173,000,000
Net Assets	74,700,000
Other Assets	58,300,000
Venezuelan Operations [Member] \| Total Venezuelan related net assets written off [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Deconsolidation loss, amount	133,000,000
Venezuelan Operations [Member] \| Previous Venezuelan related foreign currency translation adjustments [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Deconsolidation loss, amount	$ 39,700,000
Stock Options [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	3 years
Restricted Stock Units (RSUs) [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	3 years
Minimum [Member] \| Land, Buildings and Improvements [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	20 years
Minimum [Member] \| Machinery and Equipment [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	3 years
Minimum [Member] \| Restricted Stock Units (RSUs) [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	1 year
Maximum [Member] \| Land, Buildings and Improvements [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	40 years
Maximum [Member] \| Machinery and Equipment [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	15 years
Maximum [Member] \| Restricted Stock Units (RSUs) [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	3 years

Acquisitions and Mergers - Additional Information (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

1 Months Ended

12 Months Ended

Jul. 06, 2017

Apr. 03, 2017

Apr. 15, 2016

Oct. 22, 2015

Sep. 30, 2017

Jul. 31, 2017

Jan. 31, 2017

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Share conversion ratio upon merger

$ 634.3

$ 8,635.2

$ 573.7

Goodwill

10,560.1

10,218.9

2,791.2

86.20%

Business acquisition, equity interest issued or issuable, number of shares

6.6

Issue of common stock to settling petitioners , Value

$ 162.0

Amortization of intangible assets

352.0

223.0

76.5

Revenues

^[1],[2]

14,742.2

13,264.0

5,915.7

1,225.7

1,100.1

601.4

Goodwill [Member]

Business acquisition, goodwill, expected tax deductible amount

357.0

Smith Mountain Industries [Member]

Jarden Acquisition [Member]

$ 100.0

Share conversion ratio upon merger

$ 5,400.0

86.20%

Business combination, cash consideration transferred per share

$ 21.00

Business combination cash merger consideration payable to dissenting shareholders

$ 222.0

$ 61.0

Shares issuable to Dissenting Shareholders

9.1

2.5

Business combination, consideration transferred, liabilities incurred

$ 171.0

$ 627.0

$ 171.0

Merger consideration including debt assumed

18,700.0

Business combination consideration issuable or payable

$ 15,300.0

Business acquisition, equity interest issued or issuable, number of shares

213.9

6.6

Equity issued in business combination, fair value

$ 9,900.0

Issue of common stock to settling petitioners , Value

$ 162.0

Revenues

7,300.0

Jarden Acquisition [Member] | Pro Forma [Member]

$ 509.0

Amortization of intangible assets

$ 201.0

181.0

Sistema Plastics [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

$ 472.0

39.0

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

291.0

Goodwill

$ 142.0

Chesapeake Bay Candle [Member]

$ 75.0

Elmer's [Member]

$ 571.0

Revenues

$ 36.3

[1]	All intercompany transactions have been eliminated. Sales to Walmart Inc. and subsidiaries amounted to approximately 13.7%, 13.5% and 10.9% of consolidated net sales in 2017, 2016 and 2015, respectively, substantially across all segments.
[2]	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.

Acquisitions and Mergers - Business Acquisition, Pro Forma Information (Detail) - Jarden Acquisition [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Net sales	$ 15,657.6	$ 14,519.6
Net income (loss)	$ 748.0	$ (254.9)
Basic	$ 1.55	$ (0.53)
Diluted	$ 1.54	$ (0.53)

Divestitures and Planned Divestitures - Additional Information (Detail) - USD ($) $ in Millions			1 Months Ended	12 Months Ended
	Jul. 14, 2017	Mar. 09, 2017	Jun. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain (loss) on sale of business				$ 713.0	$ 161.1	$ 154.2
Goodwill impairment				0.0	0.0
Cash consideration on sale of business				2,106.9	$ 227.2	$ 214.8
Winter Sport Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Selling price of business	$ 240.0
Write down of carrying value of net asset				59.1
Goodwill impairment				12.6
Impairment of other intangible assets				46.5
Winter Sport Business [Member] \| Other Expense (Income), Net [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain (loss) on sale of business				47.6
Fire Building Business [Member] \| Royal Oak [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Write down of carrying value of net asset				15.3
Tools [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration on sale of business		$ 1,950.0
Disposal group, including discontinued operations, net assets of disposal group		1,100.0
Goodwill, written off related to sale of business unit		$ 711.0
Disposal group, not discontinued operation, gain (loss) on disposal				768.0
Tools [Member] \| Net Sales [Member] \| Product Concentration [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Concentration percentage					5.50%	12.90%
Decor [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration on sale of business			$ 224.0
Disposal group, not discontinued operation, gain (loss) on disposal					$ 160.0
Decor [Member] \| Net Sales [Member] \| Product Concentration [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Concentration percentage					1.10%	5.10%
Endicia [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses, net of cash divested				209.0
Pre-tax gain (loss) on sale of business				$ 154.0

Divestitures and Planned Divestitures - Summary of Amounts Included in Discontinued Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Net sales		$ 56.5
Loss from discontinued operations before income taxes	$ (1.9)	(7.7)
Income tax benefit	(0.6)	(2.8)
Loss from discontinued operations	(1.3)	(4.9)
Net gain from sale of discontinued operations, net of tax	0.6	95.6
Income (loss) from discontinued operations, net of tax	$ (0.7)	$ 90.7

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

Divestitures and Planned Divestitures - Schedule of Major Classes of Assets and Liabilities Held for Sale (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Accounts receivable, net		$ 164.4
Inventories, net		311.6
Prepaid expenses and other		24.3
Property, plant and equipment, net	$ 4.0	224.9
Goodwill		762.5
Other intangible assets		244.5
Other assets		13.5
Total Assets Held for Sale	$ 4.0	1,745.7
Accounts payable		88.2
Accrued compensation		35.3
Other accrued liabilities		81.6
Short-term debt and current portion long-term debt		4.3
Other noncurrent liabilities		131.1
Total Liabilities Held for Sale		$ 340.5

Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 11,384.4	$ 1,826.4	$ 1,854.9
Total other comprehensive income (loss), net of tax	281.7	(211.0)	(39.4)
Ending balance	14,181.3	11,384.4	1,826.4
Cumulative Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(607.9)	(411.7)
Other comprehensive (loss) income before reclassifications	201.7	(198.0)
Amounts reclassified to earnings	87.4	1.8
Total other comprehensive income (loss), net of tax	289.1	(196.2)
Ending balance	(318.8)	(607.9)	(411.7)
Pension and Postretirement Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(400.0)	(422.3)
Other comprehensive (loss) income before reclassifications	6.6	10.0
Amounts reclassified to earnings	7.9	12.3
Total other comprehensive income (loss), net of tax	14.5	22.3
Ending balance	(385.5)	(400.0)	(422.3)
Derivative Financial Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(36.9)	0.2
Other comprehensive (loss) income before reclassifications	(27.8)	(48.0)
Amounts reclassified to earnings	5.9	10.9
Total other comprehensive income (loss), net of tax	(21.9)	(37.1)
Ending balance	(58.8)	(36.9)	0.2
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,044.8)	(833.8)	(794.4)
Other comprehensive (loss) income before reclassifications	180.5	(236.0)
Amounts reclassified to earnings	101.2	25.0
Total other comprehensive income (loss), net of tax	281.7	(211.0)
Ending balance	$ (763.1)	$ (1,044.8)	$ (833.8)

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Reclassification adjustment from AOCI, Pension and other postretirement benefit plans, pre-tax	$ 14.6	$ 16.5	$ 74.1
Reclassification adjustment from AOCI, Derivative financial instruments, pre-tax	$ (8.3)	$ (12.0)	$ 14.3

Stockholders' Equity - Schedule of Income Tax (Provision) Benefit Allocated to Components of OCI (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Foreign currency translation adjustments	$ 0.5		$ 10.3
Unrecognized pension and postretirement costs	12.3	$ 19.6	41.1
Derivative hedging (loss) gain	(8.7)	(20.7)	0.6
Income tax provision (benefit) related to OCI	$ 4.1	$ (1.1)	$ 52.0

Restructuring Costs - Schedule of Accrued Restructuring Costs Activity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 111.9	$ 74.9	$ 77.2
Jarden Integration and Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	38.7	0.8
Restructuring costs	92.5	65.0
Payments, Foreign Currency and Other	(73.4)	(27.1)
Ending balance	57.8	38.7	0.8
Project Renewal [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	33.2	66.6
Restructuring costs	19.4	9.9	52.4
Payments, Foreign Currency and Other	(16.6)	(43.3)
Ending balance	36.0	33.2	66.6
Employee Severance, Termination Benefits and Relocation Costs [Member] \| Jarden Integration and Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	38.2	0.8
Restructuring costs	83.9	56.2
Payments, Foreign Currency and Other	(70.3)	(18.8)
Ending balance	51.8	38.2	0.8
Employee Severance, Termination Benefits and Relocation Costs [Member] \| Project Renewal [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	15.8	49.3
Restructuring costs	2.3	(9.1)
Payments, Foreign Currency and Other	(7.1)	(24.4)
Ending balance	11.0	15.8	49.3
Exited Contractual Commitments and Other [Member] \| Jarden Integration and Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	0.5
Restructuring costs	8.6	8.8
Payments, Foreign Currency and Other	(3.1)	(8.3)
Ending balance	6.0	0.5
Exited Contractual Commitments and Other [Member] \| Project Renewal [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	17.4	17.3
Restructuring costs	17.1	19.0
Payments, Foreign Currency and Other	(9.5)	(18.9)
Ending balance	$ 25.0	$ 17.4	$ 17.3

Restructuring Costs - Additional information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 111.9	$ 74.9	$ 77.2
Cash paid for restructuring activities	78.5	59.9	51.5
Jarden Integration [Member]
Restructuring Cost and Reserve [Line Items]
Expected cumulative restructuring charges	1,000.0
Project Renewal [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 19.4	$ 9.9	$ 52.4

Restructuring Costs - Schedule of Restructuring Costs Incurred by Reportable Business Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 111.9	$ 74.9	$ 77.2
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	55.8	20.9	53.4
Live [Member] \| Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	14.0	18.8	3.6
Learn [Member] \| Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	10.1	14.0	9.3
Work [Member] \| Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	11.6	6.4	7.7
Play [Member] \| Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	14.3	6.7	0.3
Other [Member] \| Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 6.1	$ 8.1	$ 2.9

Inventories, Net - Components of Net Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Inventory, Net [Abstract]
Raw materials and supplies	$ 419.6	$ 350.7
Work-in-process	252.5	236.1
Finished products	1,826.7	1,529.2
Total inventories	$ 2,498.8	$ 2,116.0

Inventories, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Inventory, Net [Abstract]
Percentage of LIFO inventory	19.90%	17.50%
Inventory, LIFO reserve	$ 13.6	$ 16.6
Effect of LIFO inventory liquidation on income	$ 1.4	$ 2.9	$ 1.5

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Land	$ 108.2	$ 108.4
Buildings and improvements	757.3	653.0
Machinery and equipment	2,777.7	2,454.6
Property, plant and equipment, gross	3,643.2	3,216.0
Less: Accumulated depreciation	(1,935.7)	(1,672.6)
Property, plant and equipment, net	$ 1,707.5	$ 1,543.4

Goodwill and Other Intangible Assets, Net - Summary of Changes in Goodwill by Reportable Business Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Line Items]
Beginning balance	$ 10,218.9	$ 2,791.2
Acquisitions	201.7	8,271.6
Other Adjustments	15.5	(762.5)
Impairment	0.0	0.0
Foreign Currency	124.0	(81.4)
Ending balance	10,560.1	10,218.9
Live [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Beginning balance	3,639.9	376.9
Acquisitions	201.7	3,315.0
Other Adjustments	45.8	(28.5)
Impairment	0.0	0.0
Foreign Currency	23.4	(23.5)
Ending balance	3,910.8	3,639.9
Learn [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Beginning balance	2,785.4	1,359.0
Acquisitions		1,442.4
Other Adjustments	3.9
Impairment	0.0	0.0
Foreign Currency	64.9	(16.0)
Ending balance	2,854.2	2,785.4
Work [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Beginning balance	1,871.0	387.3
Acquisitions		1,510.7
Other Adjustments	(16.9)
Impairment	0.0	0.0
Foreign Currency	27.7	(27.0)
Ending balance	1,881.8	1,871.0
Play [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Beginning balance	1,161.4	174.7
Acquisitions		991.9
Other Adjustments	(7.6)
Impairment	0.0	0.0
Foreign Currency	5.5	(5.2)
Ending balance	1,159.3	1,161.4
Other [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Beginning balance	761.2	493.3
Acquisitions		1,011.6
Other Adjustments	(9.7)	(734.0)
Impairment	0.0	0.0
Foreign Currency	2.5	(9.7)
Ending balance	$ 754.0	$ 761.2

Goodwill and Other Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Goodwill, impaired, accumulated impairment loss	$ 860.0
Amortization expense	352.0	$ 223.0	$ 76.5
Live [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, impaired, accumulated impairment loss	425.0
Learn [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, impaired, accumulated impairment loss	$ 435.0

Goodwill and Other Intangible Assets, Net - Schedule of Other Intangible Assets and Related Amortization Periods (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017
Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	$ 14,718.9	$ 15,227.2
Accumulated Amortization	(607.1)	(991.2)
Intangible assets, Net Book value	14,111.8	14,236.0
Trade Names [Member]
Intangible Assets [Line Items]
Indefinite life, Net Book Value	9,935.1	10,210.8
Trade Names [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	286.3	366.9
Accumulated Amortization	(34.2)	(58.5)
Net Book Value	$ 252.1	308.4
Trade Names [Member] \| Minimum [Member]
Intangible Assets [Line Items]
Amortization periods	3 years
Trade Names [Member] \| Maximum [Member]
Intangible Assets [Line Items]
Amortization periods	30 years
Capitalized Software [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	$ 482.0	558.6
Accumulated Amortization	(252.9)	(349.6)
Net Book Value	$ 229.1	209.0
Capitalized Software [Member] \| Minimum [Member]
Intangible Assets [Line Items]
Amortization periods	3 years
Capitalized Software [Member] \| Maximum [Member]
Intangible Assets [Line Items]
Amortization periods	12 years
Patents and Intellectual Property [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	$ 227.9	252.1
Accumulated Amortization	(105.0)	(142.8)
Net Book Value	$ 122.9	109.3
Patents and Intellectual Property [Member] \| Minimum [Member]
Intangible Assets [Line Items]
Amortization periods	3 years
Patents and Intellectual Property [Member] \| Maximum [Member]
Intangible Assets [Line Items]
Amortization periods	14 years
Customer Relationships & Distributor Channels [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,761.7	3,703.2
Accumulated Amortization	(204.0)	(377.8)
Net Book Value	$ 3,557.7	3,325.4
Customer Relationships & Distributor Channels [Member] \| Minimum [Member]
Intangible Assets [Line Items]
Amortization periods	3 years
Customer Relationships & Distributor Channels [Member] \| Maximum [Member]
Intangible Assets [Line Items]
Amortization periods	30 years
Other [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	$ 25.9	135.6
Accumulated Amortization	(11.0)	(62.5)
Net Book Value	$ 14.9	$ 73.1
Other [Member] \| Minimum [Member]
Intangible Assets [Line Items]
Amortization periods	3 years
Other [Member] \| Maximum [Member]
Intangible Assets [Line Items]
Amortization periods	5 years

Goodwill and Other Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) $ in Millions	Dec. 31, 2017 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2018	$ 340.0
2019	328.3
2020	267.6
2021	224.0
2022	205.4
Thereafter	$ 2,659.9

Other Accrued Liabilities - Other Accrued Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Accrued Liabilities, Current [Abstract]
Customer accruals	$ 447.7	$ 432.4
Accruals for manufacturing, marketing and freight expenses	60.7	89.3
Accrued self-insurance liabilities, contingencies and warranty	179.6	168.1
Deferred revenue	180.4	187.5
Derivative liabilities	27.4	14.7
Accrued income taxes	217.6	64.9
Accrued interest expense	100.1	108.5
Other	491.9	399.5
Other accrued liabilities	$ 1,705.4	$ 1,464.9

Debt - Summary of Outstanding Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Commercial paper	$ 0.0	$ 0.0
Receivables facility	298.3	187.4
Other debt	72.0	73.3
Total debt	10,552.4	11,892.8
Debt
Total debt	10,552.4	11,892.8
Short-term debt and current portion of long-term debt	(662.8)	(601.9)
Long-term debt	9,889.6	11,290.9
2.05% Senior Notes Due 2017 [Member]
Debt Instrument [Line Items]
Total Debt		349.4
6.25% Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Total Debt		249.8
2.15% Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Total Debt	299.5	298.9
2.60% Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Total Debt	266.7	995.0
2.875% Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Total Debt	348.6	347.9
4.70% Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Total Debt	304.3	380.0
3.15% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total Debt	993.6	991.7
3.75% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total Debt	373.2	326.9
4.00% Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Total Debt	248.8	248.5
3.85% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Total Debt	1,738.8	1,737.0
5.00% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Total Debt	312.1	314.1
4.00% Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total Debt	495.8	495.2
3.90% Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Total Debt	297.2	296.8
4.20% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Total Debt	1,982.7	1,981.0
5.375% Senior Notes Due 2036 [Member]
Debt Instrument [Line Items]
Total Debt	495.0	494.7
5.50% Senior Notes Due 2046 [Member]
Debt Instrument [Line Items]
Total Debt	1,726.0	1,725.7
Term Loan [Member]
Debt Instrument [Line Items]
Total Debt	$ 299.8	$ 399.5

Debt - Summary of Outstanding Debt (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Apr. 30, 2017	Mar. 31, 2017
Term Loan [Member]
Debt Instrument [Line Items]
Weighted average interest rate on term loan		3.10%
2.05% Senior Notes Due 2017 [Member]
Debt Instrument [Line Items]
Interest rate	2.05%
Maturity year	2017
6.25% Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Interest rate	6.25%		6.25%	6.25%
Maturity year	2018
2.15% Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Interest rate	2.15%
Maturity year	2018
2.60% Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Interest rate	2.60%			2.60%
Maturity year	2019
2.875% Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Interest rate	2.875%
Maturity year	2019
4.70% Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Interest rate	4.70%	4.70%		4.70%
Maturity year	2020
3.15% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Interest rate	3.15%
Maturity year	2021
3.75% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Interest rate	3.75%	3.75%
Maturity year	2021
4.00% Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Interest rate	4.00%
Maturity year	2022
3.85% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Interest rate	3.85%
Maturity year	2023
5.00% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Interest rate	5.00%
Maturity year	2023
4.00% Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Interest rate	4.00%	4.00%
Maturity year	2024
3.90% Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Interest rate	3.90%
Maturity year	2025
4.20% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Interest rate	4.20%
Maturity year	2026
5.375% Senior Notes Due 2036 [Member]
Debt Instrument [Line Items]
Interest rate	5.375%
Maturity year	2036
5.50% Senior Notes Due 2046 [Member]
Debt Instrument [Line Items]
Interest rate	5.50%
Maturity year	2046

Debt - Additional Information (Detail)	1 Months Ended	3 Months Ended		12 Months Ended
Debt - Additional Information (Detail)	Apr. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 EUR (€)
Debt Instrument [Line Items]
Consideration for repurchase of debt			$ 897,000,000
Loss related to extinguishment of debt/credit facility			27,800,000	$ (32,300,000)	$ (47,600,000)
Debt instrument, unamortized discount (premium) and debt issuance costs, net				68,900,000	$ 80,100,000
Other comprehensive income (loss), foreign currency transaction and translation gain (loss) arising during period, net of tax				19,700,000
New Receivables Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 950,000,000
Debt Instrument, maturity date				Oct. 01, 2019
Debt Instrument, Basis Spread on Variable Rate				0.80%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.40%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity				$ 1,250,000,000
Revolving Credit Facility [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 100,000,000
Tender Offers [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, repurchased face amount			1,060,000,000
6.25% Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Debt instrument, repurchased face amount			$ 63,000,000
Senior notes rate	6.25%		6.25%		6.25%
Consideration for repurchase of debt	$ 195,000,000
Loss related to extinguishment of debt/credit facility		$ 4,500,000
Debt Instrument, face amount	$ 187,000,000
2.60% Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, repurchased face amount			$ 733,000,000
Senior notes rate			2.60%		2.60%
4.70% Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument, repurchased face amount			$ 76,000,000
Senior notes rate			4.70%	4.70%	4.70%	4.70%
Debt Instrument, face amount				$ 277,000,000
3.75% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior notes rate				3.75%	3.75%	3.75%
Debt Instrument, face amount \| €						€ 300,000,000
Debt Instrument, maturity date				Oct. 01, 2021

Debt - Schedule of Maturities of Long-term Debt (Detail) $ in Millions	Dec. 31, 2017 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2018	$ 671.9
2019	919.2
2020	306.8
2021	1,362.0
2022	251.2
Thereafter	7,103.7
Total	$ 10,614.8

Debt - Schedule of Fair Value of Senior Notes (Detail) - Senior Notes [Member] - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Senior Notes, Fair Value	$ 10,688.5	$ 11,979.2
Senior Notes, Book Value	$ 9,882.3	$ 11,234.1

Derivatives - Additional Information (Detail) - USD ($)	12 Months Ended
Derivatives - Additional Information (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	$ 15,000,000
Other Expense, Net [Member]
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, expense (income), net	41,500,000	$ 25,600,000
4.70% Senior Notes Due 2020 [Member]
Derivative [Line Items]
Debt Instrument, face amount	$ 277,000,000
Debt Instrument, interest rate, stated percentage	4.70%	4.70%	4.70%
4.00% Senior Notes Due 2024 [Member]
Derivative [Line Items]
Debt Instrument, face amount	$ 250,000,000
Debt Instrument, interest rate, stated percentage	4.00%	4.00%
Interest Rate Swaps [Member]
Derivative [Line Items]
Derivative, notional amount	$ 527,000,000
Cross-currency Swaps [Member]
Derivative [Line Items]
Derivative, notional amount	160,000,000
Foreign Currency Contracts [Member]
Derivative [Line Items]
Derivative, notional amount	260,000,000
Foreign Currency Contracts [Member] \| Derivatives Not Designated as Effective Hedges [Member]
Derivative [Line Items]
Derivative, notional amount	$ 1,500,000,000

Derivatives - Schedule of Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	$ 14.9	$ 33.3
Fair Value of Derivatives, Liability	56.7	36.8
Derivatives Designated as Effective Hedges [Member] \| Cash Flow Hedges [Member] \| Cross-currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset		0.7
Fair Value of Derivatives, Liability	21.5	16.3
Derivatives Designated as Effective Hedges [Member] \| Cash Flow Hedges [Member] \| Foreign Currency Contracts [Member]
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	2.0	14.2
Fair Value of Derivatives, Liability	6.6	3.4
Derivatives Designated as Effective Hedges [Member] \| Fair Value Hedges [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Liability	7.8	5.9
Derivatives Not Designated as Effective Hedges [Member] \| Foreign Currency Contracts [Member]
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	12.7	18.2
Fair Value of Derivatives, Liability	20.8	10.9
Derivatives Not Designated as Effective Hedges [Member] \| Commodity Contracts [Member]
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	$ 0.2	0.2
Fair Value of Derivatives, Liability		$ 0.3

Derivatives - Schedule of Pretax Effects of Derivative Financial Instruments Designated as Effective Hedges (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss) Recognized in OCI (effective portion)	$ (38.9)	$ (69.8)	$ 10.0
Gain/(Loss) Reclassified from AOCI to Income	(8.3)	(12.0)	14.3
Interest Rate Swaps [Member] \| Interest Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss) Recognized in OCI (effective portion)		(88.1)	(3.1)
Gain/(Loss) Reclassified from AOCI to Income	(8.2)	(6.2)	(0.8)
Foreign Currency Contracts [Member] \| Sales and Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss) Recognized in OCI (effective portion)	(33.1)	31.3	15.8
Gain/(Loss) Reclassified from AOCI to Income	6.8	7.4	16.1
Cross-currency Swaps [Member] \| Other Income (Expense), Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss) Recognized in OCI (effective portion)	(5.8)	(13.0)	(2.7)
Gain/(Loss) Reclassified from AOCI to Income	$ (6.9)	$ (13.2)	$ (1.0)

Commitments - Future Minimum Rental Payments for Operating Leases (Detail) $ in Millions	Dec. 31, 2017 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating leases, future minimum payments due, current	$ 215.4
Operating leases, future minimum payments, due in two years	178.8
Operating leases, future minimum payments, due in three years	140.1
Operating leases, future minimum payments, due in four years	114.0
Operating leases, future minimum payments, due in five years	95.3
Operating leases, future minimum payments, due thereafter	324.7
Operating leases, future minimum payments due	$ 1,068.3

Employee Benefit and Retirement Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, employer discretionary contribution amount		$ 15.6	$ 17.4	$ 16.5
Defined contribution plan, cost recognized		$ 30.2	25.5	$ 14.0
Fair value, investments, entities that calculate net asset value per share, investment redemption, notice period		90 days
Reclassification of level 3 assets to NAV-based assets			42.3
Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension and other postretirement benefit plans, amounts that will be amortized from AOCI in next fiscal year, pre-tax	$ 13.9
United States Pension Plan of US Entity [Member] \| Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	13.0
International [Member] \| Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 16.0
Equity Securities [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range maximum		25.00%
Equity Securities [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range maximum		40.00%
Fixed Income Investments [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range maximum		20.00%
Fixed Income Investments [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range maximum		40.00%
Cash and Other Investments [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range maximum		25.00%
Cash and Other Investments [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range maximum		45.00%
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net death benefits from life insurance policies, amount		$ 274.0
Cash surrender value of life insurance		123.0	116.0
Defined benefit plan, benefit obligation		$ 127.0	$ 123.0

Employee Benefit and Retirement Plans - Schedule of Reconciliation of Benefit Obligations (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
United States Pension Plan of US Entity [Member]
Change in plan assets:
Fair value of plan assets at beginning of year	$ 1,230.6
Fair value of plan assets at end of year	1,271.1	$ 1,230.6
International [Member]
Change in plan assets:
Fair value of plan assets at beginning of year	565.3
Fair value of plan assets at end of year	621.2	565.3
Pension Benefits [Member] \| United States Pension Plan of US Entity [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	1,592.2	937.7
Service cost	2.8	2.7	$ 3.2
Interest cost	50.5	45.1	41.3
Actuarial (gain) loss	84.9	(16.3)
Benefits paid	(103.0)	(98.2)
Acquisitions and dispositions, net		721.2
Curtailments, settlements and other	(41.2)
Benefit obligation at end of year	1,586.2	1,592.2	937.7
Change in plan assets:
Fair value of plan assets at beginning of year	1,230.6	722.9
Actual return on plan assets	171.5	70.7
Contributions	13.2	12.0
Defined Benefit Plan, Benefits Paid	(103.0)	(98.2)
Acquisitions and dispositions, net		523.2
Settlements and other	(41.2)
Fair value of plan assets at end of year	1,271.1	1,230.6	722.9
Funded status at end of year	(315.1)	(361.6)
Amounts recognized in the Consolidated Balance Sheets:
Accrued current benefit cost-other accrued liabilities	(12.9)	(12.5)
Accrued noncurrent benefit cost- other noncurrent liabilities	(302.2)	(349.1)
Net amount recognized	(315.1)	(361.6)
Pension Benefits [Member] \| International [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	647.4	613.6
Service cost	7.5	6.6	5.8
Interest cost	13.6	17.5	19.6
Actuarial (gain) loss	1.8	104.2
Amendments	0.4
Currency translation	72.2	(107.9)
Benefits paid	(24.0)	(25.3)
Acquisitions and dispositions, net	(13.9)	64.8
Curtailments, settlements and other	(16.1)	(26.1)
Benefit obligation at end of year	688.9	647.4	613.6
Change in plan assets:
Fair value of plan assets at beginning of year	565.3	560.3
Actual return on plan assets	24.3	112.4
Contributions	16.1	16.4
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	60.8	(105.9)
Defined Benefit Plan, Benefits Paid	(24.0)	(25.3)
Acquisitions and dispositions, net	(5.5)	34.0
Settlements and other	(15.8)	(26.6)
Fair value of plan assets at end of year	621.2	565.3	560.3
Funded status at end of year	(67.7)	(82.1)
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	65.4	48.7
Accrued current benefit cost-other accrued liabilities	(5.1)	(4.4)
Accrued noncurrent benefit cost- other noncurrent liabilities	(128.0)	(126.4)
Net amount recognized	(67.7)	(82.1)
Postretirement Benefits [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	74.6	67.9
Service cost	0.1	0.1	0.3
Interest cost	2.2	2.2	3.4
Actuarial (gain) loss	(0.4)	3.0
Amendments	(5.0)
Benefits paid	(6.4)	(6.1)
Acquisitions and dispositions, net		7.2
Curtailments, settlements and other		0.3
Benefit obligation at end of year	65.1	74.6	$ 67.9
Change in plan assets:
Funded status at end of year	(65.1)	(74.6)
Amounts recognized in the Consolidated Balance Sheets:
Accrued current benefit cost-other accrued liabilities	(5.8)	(6.4)
Accrued noncurrent benefit cost- other noncurrent liabilities	(59.3)	(68.2)
Net amount recognized	$ (65.1)	$ (74.6)

Employee Benefit and Retirement Plans - Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligation (Detail)	Dec. 31, 2017	Dec. 31, 2016
Pension Benefits [Member] \| United States Pension Plan of US Entity [Member]
Defined Contribution Plan Disclosure [Line Items]
Discount rate	3.48%	3.98%
Long-term rate of compensation increase	2.50%	2.50%
Pension Benefits [Member] \| International [Member]
Defined Contribution Plan Disclosure [Line Items]
Discount rate	2.24%	2.35%
Long-term rate of compensation increase	3.47%	3.53%
Postretirement Benefits [Member]
Defined Contribution Plan Disclosure [Line Items]
Discount rate	3.32%	3.75%
Current health care cost trend rates	6.70%	8.67%
Ultimate health care cost trend rates	4.50%	4.50%

Employee Benefit and Retirement Plans - Summary of Under-Funded or Non-Funded Pension Benefit Plans with Projected Benefit Obligation in Excess of Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Projected benefit obligation	$ 1,938.2	$ 1,941.9
Fair value of plan assets	$ 1,489.9	$ 1,449.5

Employee Benefit and Retirement Plans - Summary of Pension Plans with Accumulated Obligations in Excess of Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan [Abstract]
Accumulated benefit obligation	$ 1,929.6	$ 1,933.2
Fair value of plan assets	$ 1,489.9	$ 1,449.5

Employee Benefit and Retirement Plans - Schedule of Company's Pension Cost And Supplemental Retirement Plans (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Pension Benefits [Member] \| United States Pension Plan of US Entity [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost	$ 2.8	$ 2.7	$ 3.2
Interest cost	50.5	45.1	41.3
Expected return on plan assets	(73.3)	(69.1)	(58.0)
Prior service cost (credit)	(0.1)	(0.1)	(0.1)
Net actuarial gain (loss)	23.7	21.8	26.2
Curtailment, settlement and termination (benefit) costs	(3.7)		52.1
Total expense (income)	(0.1)	0.4	64.7
Pension Benefits [Member] \| International [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost	7.5	6.6	5.8
Interest cost	13.6	17.5	19.6
Expected return on plan assets	(18.7)	(20.8)	(22.1)
Prior service cost (credit)	0.4	0.5
Net actuarial gain (loss)	2.2	2.2	3.4
Curtailment, settlement and termination (benefit) costs	1.3	2.9	0.4
Total expense (income)	6.2	8.9	7.1
Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost	0.1	0.1	0.3
Interest cost	2.2	2.2	3.4
Prior service cost (credit)	(5.2)	(5.2)	(6.6)
Net actuarial gain (loss)	(3.9)	(5.2)	(1.2)
Total expense (income)	$ (6.8)	$ (8.1)	$ (4.1)

Employee Benefit and Retirement Plans - Summary of Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Effective discount rate for benefit obligations	3.76%	4.06%	4.00%
Effective rate for interest on benefit obligations	3.07%	3.21%	4.00%
Effective rate for service cost	3.25%	4.16%	4.00%
Effective rate for interest on service cost	3.02%	3.67%	4.00%
Pension Benefits [Member] \| United States Pension Plan of US Entity [Member]
Defined Benefit Plan Disclosure [Line Items]
Effective discount rate for benefit obligations	3.98%	4.06%	4.00%
Effective rate for interest on benefit obligations	3.28%	3.21%	4.00%
Effective rate for service cost	3.83%	4.16%	4.00%
Effective rate for interest on service cost	3.38%	3.67%	4.00%
Long-term rate of return on plan assets	6.02%	6.34%	7.25%
Long-term rate of compensation increase	2.50%	2.50%	2.50%
Pension Benefits [Member] \| International [Member]
Defined Benefit Plan Disclosure [Line Items]
Effective discount rate for benefit obligations	2.12%	3.29%	3.03%
Effective rate for interest on benefit obligations	1.72%	2.92%	3.03%
Effective rate for service cost	2.44%	3.39%	3.03%
Effective rate for interest on service cost	2.38%	3.35%	3.03%
Long-term rate of return on plan assets	2.61%	3.93%	3.86%
Long-term rate of compensation increase	3.53%	3.51%	3.60%

Employee Benefit and Retirement Plans - Summary of Reconciliation of Change in Fair Value Measurement of Defined Benefit Plans' Consolidated Assets Using Significant Unobservable Inputs (Level 3) (Detail) - Level 3 [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	$ 39.0	$ 26.9
Acquisitions		15.7
Realized gains (losses)	(0.7)	2.2
Unrealized (losses) gains	3.3	(2.5)
Purchases, sales, settlements and other, net	(8.6)	(3.3)
Fair value of plan assets at end of year	$ 33.0	$ 39.0

Employee Benefit and Retirement Plans - Schedule of Estimated Future Benefit Payments Under Defined Denefit Pension Plans and Postretirement Benefit Plans (Detail) $ in Millions	Dec. 31, 2017 USD ($)
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2018	$ 127.8
2019	126.9
2020	128.9
2021	128.6
2022	128.1
Thereafter	627.6
Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2018	5.9
2019	5.9
2020	5.8
2021	5.8
2022	5.7
Thereafter	$ 24.5

Earnings Per Share - Schedule of Computations of Weighted Average Shares Outstanding (Detail) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted-average shares outstanding	485.7	418.3	267.9
Share-based payment awards classified as participating securities	1.0	1.5	1.4
Basic weighted-average shares outstanding	486.7	421.3	269.3
Dilutive securities	1.3	1.8	2.2
Diluted weighted-average shares outstanding	488.0	423.1	271.5
Jarden Acquisition [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share		$ 1.5

Earnings Per Share - Additional Information (Detail) - shares shares in Millions		12 Months Ended
	Apr. 15, 2016	Dec. 31, 2017
Restricted Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potentially dilutive restricted share awards excluded from computation of diluted EPS		2.3
Jarden Acquisition [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Shares issuable to Dissenting Shareholders	9.1	2.5

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, options, exercises in period, total intrinsic value	$ 5.5	$ 11.3	$ 32.8
Granted, weighted-average grant date fair value	$ 47	$ 54	$ 41
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period, total fair value	$ 67.6	$ 54.1	$ 74.2
Excess tax benefits related to stock-based compensation	$ 5.9	$ 11.9	$ 27.1
2013 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards available for grant	37.0
Share-based awards vesting period	3 years
Performance Shares [Member] \| Minimum [Member] \| 2013 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	1 year
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	3 years
Stock Options [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards contractual term, years	10 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	3 years
Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	1 year
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	3 years
Stock-Price Based RSUs [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	1 year
Stock-Price Based RSUs [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	3 years
Time-Based RSU's [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate grant date fair value	$ 26.3
Number of stock units awarded	0.6
Performance Based Restricted Stock Units Rsu [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	3 years
Share based compensation arrangement by share based payment award performance share unit award number	1.4
Aggregate grant date fair value	$ 65.9

Stock-Based Compensation - Summary of Changes In Stock Options (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Stock Based Compensation [Abstract]
Weighted Average Exercise Price Per Share, Outstanding, Beginning of Period	$ 16	$ 16	$ 20
Outstanding Shares, Beginning of Period	0.7
Outstanding Shares, Exercised	(0.3)
Outstanding Shares, End of Period	0.4
Weighted Average Exercise Price Per Share, Exercised	$ 25
Weighted Average Exercise Price Per Share, Outstanding, End of Period	$ 16
Weighted Average Remaining Life, Outstanding, End of Period	2 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding		$ 6.3

Stock-Based Compensation - Summary of Changes of Restricted Stock and Restricted Stock Units (Detail) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock Based Compensation [Abstract]
Restricted Stock Units, Outstanding Shares, Beginning of Period	4.3
Restricted Stock Units, Granted, Shares	2.0
Restricted Stock Units, Grant Adjustments, Shares	0.1
Restricted Stock Units, Vested, Shares	(1.4)
Restricted Stock Units, Forfeited, Shares	(0.6)
Restricted Stock Units, Outstanding Shares, End of Period	4.4	4.3
Restricted Stock Units, Outstanding Shares, Expected to vest, End of Period	2.1
Weighted-Average Grant Date Fair Value Per Share, Outstanding, Beginning of Period	$ 48
Granted, Weighted-Average Grant Date Fair Value Per Share	47	$ 54	$ 41
Grant Adjustments, Weighted-Average Grant Date Fair Value Per Share	39
Vested, Weighted-Average Grant Date Fair Value Per Share	40
Forfeited, Weighted-Average Grant Date Fair Value Per Share	48
Weighted-Average Grant Date Fair Value Per Share, Outstanding, End of Period	50	$ 48
Weighted-Average Grant Date Fair Value Per Share, Expected to vest, End of Period	$ 47

Stock-Based Compensation - Summary of Total Unrecognized Compensation Cost Related to Stock-based Compensation (Detail) - Restricted Stock Units (RSUs) [Member] $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 87.9
Weighted-Average Period of Expense Recognition (in years)	1 year

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Provision [Line Items]
Federal corporate tax		35.00%	35.00%	35.00%
Tax benefit due to effect of reducing the statutory tax rate		$ 1,500.0
Net tax expense due to tax reform		195.0
Deferred tax due to tax reform		12.0
Income (loss) from continuing operations before income taxes, foreign		1,100.0	$ 480.0	$ 186.0
Jarden Acquisition [Member]
Income Tax Provision [Line Items]
Deferred tax liability adjustment due to tax reform		$ 87.0
Scenario, Forecast [Member]
Income Tax Provision [Line Items]
Federal corporate tax	21.00%

Income Taxes - Schedule of Provision for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Federal	$ 272.1	$ 126.6	$ 103.0
State	21.4	39.0	18.8
Foreign	168.5	86.8	19.4
Total current	462.0	252.4	141.2
Deferred	(1,781.8)	33.4	(7.2)
Total income tax provision (benefit)	(1,319.8)	285.8	134.0
Total provision (benefit) - discontinued operations		(0.2)	55.8
Total provision (benefit) - continuing operations	$ (1,319.8)	$ 286.0	$ 78.2

Income Taxes - Reconciliation of U.S. Statutory Rate to Effective Income Tax Rate on Continuing Basis (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Effective Tax Rate Reconciliation [Line Items]
Statutory rate	35.00%	35.00%	35.00%
State income taxes, net of federal income tax effect	2.00%	4.20%	3.00%
Foreign tax credit	1.80%	1.30%	(17.50%)
Foreign rate differential	(13.00%)	(9.80%)	(10.50%)
Resolution of tax contingencies, net of increases	(1.90%)	(2.10%)	1.20%
Valuation allowance reserve (decrease) increase	(3.00%)	(3.30%)	0.20%
Manufacturing deduction	(0.90%)	(2.20%)	(2.00%)
Foreign statutory tax rate change	(1.10%)	(4.90%)
Sale of businesses	(5.20%)
Reversal of outside basis difference	(4.80%)
U.S. Tax Reform, impact of change in tax rate and other	(112.20%)
U.S. Tax Reform, federal income tax on mandatory deemed repatriation	12.40%
Other	(1.50%)	(3.30%)	(1.90%)
Effective rate	(92.40%)	35.10%	23.20%
Tools [Member]
Effective Tax Rate Reconciliation [Line Items]
Other		20.20%
Venezuelan Operations [Member]
Effective Tax Rate Reconciliation [Line Items]
Other			15.70%

Income Taxes - Schedule of Components of Net Deferred Tax Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Accruals not currently deductible for tax purposes	$ 199.7	$ 285.8
Inventory	44.3	83.9
Postretirement and pension liabilities	71.7	149.8
Net operating losses	376.4	361.3
Foreign tax credits	7.5	34.0
Other	145.0	193.0
Total gross deferred tax assets	873.6	1,151.8
Less valuation allowance	(294.8)	(325.3)
Net deferred tax assets after valuation allowance	578.8	826.5
Deferred tax liabilities:
Accelerated depreciation	(108.3)	(159.5)
Amortizable intangibles	(3,572.2)	(5,300.5)
Other	(35.8)	(35.0)
Total gross deferred tax liabilities	(3,734.6)	(5,814.0)
Outside Basis DIfferences [Member]
Deferred tax liabilities:
Other	(18.3)	(319.0)
Postretirement Liabilities [Member]
Deferred tax assets:
Postretirement and pension liabilities	29.0	44.0
Balance Sheet Item [Member]
Deferred tax liabilities:
Net deferred tax liabilities	$ (3,155.8)	$ (4,987.5)

Income Taxes - Deferred Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax [Line Items]
Deferred tax assets, operating loss carryforwards	$ 1.5
Deferred tax assets, valuation allowance	294.8	$ 325.3
Valuation allowance, deferred tax asset, change in amount	35.2	34.3
Valuation allowances and reserves deductions	$ 30.5	$ 17.9
Tax credit carryfoward, expiration range	2020
Deferred tax asset, operating loss carryforwards, foreign (do not expire)	$ 973.0
Deferred tax assets, operating loss carryforwards, subject to expiration	572.0
U.S. Federal NOL's [Member]
Income Tax [Line Items]
Deferred tax assets, operating loss carryforwards	296.0
U.S. Federal NOL's [Member] \| NOL Not Utilized in the Current Year [Member]
Income Tax [Line Items]
Deferred tax assets, operating loss carryforwards	289.0
U.S. Federal NOL's [Member] \| NOL Utilized in the Current Year [Member]
Income Tax [Line Items]
Deferred tax assets, operating loss carryforwards	$ 31.0
Minimum [Member]
Income Tax [Line Items]
Operating loss carryforwards, expiration date	Jan. 01, 2018
Maximum [Member]
Income Tax [Line Items]
Operating loss carryforwards, expiration date	Dec. 31, 2037

Income Taxes - Unrecognized Tax Positions - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 372.4	$ 367.9	$ 162.9
Unrecognized tax benefits that would impact effective tax rate	365.0	360.0
Unrecognized tax benefits, income tax penalties and interest expense	8.3	3.4
Increase in unrecognized tax benefits is reasonably possible	$ 51.5
Business Acquisition, Acquiree [Member]
Income Tax Contingency [Line Items]
Unrecognized tax benefits		$ 216.0

Income Taxes - Summary of Changes in Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued [Abstract]
Unrecognized tax benefits beginning balance	$ 367.9	$ 162.9
Increases (decreases):
Acquisitions-related		216.4
Increases in tax positions for prior years	23.7	4.8
Decreases in tax positions for prior years	(11.2)	(4.4)
Increase in tax positions for the current period	33.2	30.0
Settlements with taxing authorities		(0.1)
Lapse of statute of limitations	(41.2)	(41.7)
Unrecognized tax benefits ending balance	$ 372.4	$ 367.9

Fair Value - Summary of Non-Pension Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, Assets	$ 14.9	$ 33.3
Derivatives, Liabilities	(56.7)	(36.8)
Fair Value Measurements on Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, Assets	14.9	33.3
Derivatives, Liabilities	(56.7)	(36.8)
Investment securities, including mutual funds	8.7	14.7
Level 1 [Member] \| Fair Value Measurements on Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, including mutual funds	5.2	4.8
Level 2 [Member] \| Fair Value Measurements on Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, Assets	14.9	33.3
Derivatives, Liabilities	(56.7)	(36.8)
Investment securities, including mutual funds	$ 3.5	$ 9.9

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

^[1],[2]

$ 14,742.2

$ 13,264.0

$ 5,915.7

1,225.7

1,100.1

601.4

33,135.5

33,837.5

210.2

406.2

441.4

211.4

170.1

Restructuring Costs [Member]

635.6

437.2

171.6

(111.9)

(74.9)

(77.2)

Corporate [Member]

(436.0)

(362.3)

(231.7)

1,113.3

1,088.7

58.7

73.1

72.6

52.3

Live [Member] | Operating Segments [Member]

105.2

43.2

5,553.5

4,575.1

1,416.5

571.6

475.7

182.3

13,969.8

13,109.5

47.7

107.3

99.6

24.6

Learn [Member] | Operating Segments [Member]

150.4

98.6

2,773.9

2,539.4

1,792.9

511.1

540.5

435.2

5,699.5

5,584.5

39.5

76.7

80.0

23.9

Work [Member] | Operating Segments [Member]

123.4

84.6

2,794.8

2,369.2

1,186.4

415.0

297.5

125.8

5,344.0

5,226.5

36.2

73.7

103.6

25.4

Play [Member] | Operating Segments [Member]

113.5

82.8

2,583.9

1,871.1

293.5

264.9

41.3

30.7

4,813.3

4,840.6

5.4

26.3

33.5

21.8

Other [Member] | Operating Segments [Member]

70.2

54.8

1,036.1

1,909.2

1,226.4

11.0

182.3

136.3

2,195.6

3,987.7

22.7

49.1

52.1

$ 22.1

$ 72.9

$ 73.2

[1]	All intercompany transactions have been eliminated. Sales to Walmart Inc. and subsidiaries amounted to approximately 13.7%, 13.5% and 10.9% of consolidated net sales in 2017, 2016 and 2015, respectively, substantially across all segments.
[2]	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.

Segment Information - Schedule of Geographic Area Information (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

^[1],[2]

$ 14,742.2

$ 13,264.0

$ 5,915.7

United States [Member]

^[1],[2]

10,444.8

9,518.4

4,291.8

Canada [Member]

Total North America [Member]

^[1],[2]

850.8

720.1

249.8

Europe, Middle East and Africa [Member]

^[1],[2]

11,295.6

10,238.5

4,541.6

^[1],[2]

1,833.8

1,659.0

591.1

Latin America [Member]

^[1],[2]

771.4

643.6

408.5

Asia Pacific [Member]

Total International [Member]

^[1],[2]

841.4

722.9

374.5

^[1],[2]

$ 3,446.6

$ 3,025.5

$ 1,374.1

[1]	All intercompany transactions have been eliminated. Sales to Walmart Inc. and subsidiaries amounted to approximately 13.7%, 13.5% and 10.9% of consolidated net sales in 2017, 2016 and 2015, respectively, substantially across all segments.
[2]	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.

Segment Information - Revenue from External Customers by Products and Services (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Appliances and Cookware [Member]

^[1],[2]

$ 14,742.2

$ 13,264.0

$ 5,915.7

2,006.9

1,698.8

232.0

Baby [Member]

1,285.2

1,141.3

848.3

Home Fragrance [Member]

1,071.4

776.6

Food [Member]

1,190.0

958.2

336.2

Writing [Member]

2,006.4

1,974.3

1,792.9

Jostens [Member]

Consumer and Commercial Solutions [Member]

767.5

565.1

1,639.2

1,563.9

1,186.4

Waddington [Member]

Safety and Security [Member]

799.9

549.8

Outdoor and Recreation [Member]

355.7

255.8

1,695.0

1,259.8

293.5

Fishing [Member]

555.7

405.9

Team Sports [Member]

333.2

205.3

Other Products [Member]