0000814453-21-000072 | 10-Q | XBRL Viewer

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Cover Page - shares shares in Millions	3 Months Ended
Cover Page - shares shares in Millions	Mar. 31, 2021	Apr. 26, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Entity File Number	1-9608
Entity Registrant Name	NEWELL BRANDS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3514169
Entity Address, Address Line One	6655 Peachtree Dunwoody Road,
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30328
City Area Code	770
Local Phone Number	418-7000
Title of 12(b) Security	Common stock, $1 par value per share
Trading Symbol	NWL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		425.3
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000814453
Current Fiscal Year End Date	--12-31
Document Transition Report	false

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net sales	$ 2,288	$ 1,886
Cost of products sold	1,557	1,269
Gross profit	731	617
Selling, general and administrative expenses	534	548
Restructuring costs, net	5	2
Impairment of goodwill, intangibles and other assets	0	1,475
Operating income (loss)	192	(1,408)
Non-operating expenses:
Interest expense, net	67	63
Other (income) expense, net	(1)	12
Income (loss) before income taxes	126	(1,483)
Income tax provision (benefit)	37	(204)
Net income (loss)	$ 89	$ (1,279)
Weighted average common shares outstanding:
Basic (in shares)	424.9	423.8
Diluted (in shares)	427.6	423.8
Earnings (loss) per share:
Basic (in USD per share)	$ 0.21	$ (3.02)
Diluted (in USD per share)	$ 0.21	$ (3.02)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Comprehensive income (loss):
Net income (loss)	$ 89	$ (1,279)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(44)	(156)
Pension and postretirement costs	5	(5)
Derivative financial instruments	5	26
Total other comprehensive loss, net of tax	(34)	(135)
Comprehensive income (loss)	55	(1,414)
Total comprehensive loss attributable to noncontrolling interests	(1)	(5)
Total comprehensive income (loss) attributable to parent	$ 56	$ (1,409)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 682	$ 981
Accounts receivable, net	1,530	1,678
Inventories	1,901	1,638
Prepaid expenses and other current assets	272	331
Total current assets	4,385	4,628
Property, plant and equipment, net	1,151	1,176
Operating lease assets	513	530
Goodwill	3,525	3,553
Other intangible assets, net	3,506	3,564
Deferred income taxes	843	838
Other assets	417	411
Total assets	14,340	14,700
Liabilities:
Accounts payable	1,501	1,526
Accrued compensation	165	236
Other accrued liabilities	1,340	1,393
Short-term debt and current portion of long-term debt	357	466
Total current liabilities	3,363	3,621
Long-term debt	5,135	5,141
Deferred income taxes	438	414
Operating lease liabilities	458	472
Other noncurrent liabilities	1,085	1,152
Total liabilities	10,479	10,800
Commitments and contingencies (Footnote 16)
Stockholders’ equity:
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at March 31, 2021 and December 31, 2020)	0	0
Common stock (800.0 authorized shares, $1.00 par value, 449.8 shares and 448.4 shares issued at March 31, 2021 and December 31, 2020, respectively)	450	448
Treasury stock, at cost (24.4 shares and 24.0 shares at March 31, 2021 and December 31, 2020, respectively)	(608)	(598)
Additional paid-in capital	7,993	8,078
Retained deficit	(3,085)	(3,174)
Accumulated other comprehensive loss	(914)	(880)
Stockholders’ equity attributable to parent	3,836	3,874
Stockholders’ equity attributable to noncontrolling interests	25	26
Total stockholders’ equity	3,861	3,900
Total liabilities and stockholders’ equity	$ 14,340	$ 14,700

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, authorized shares (in shares)	10,000,000.0	10,000,000.0
Preferred stock, par value (in USD per share)	$ 1.00	$ 1.00
Preferred stock, issued shares (in shares)	0	0
Common stock, authorized shares (in shares)	800,000,000.0	800,000,000.0
Common stock, par value (in USD per share)	$ 1.00	$ 1.00
Common stock, issued shares (in shares)	449,800,000	448,400,000
Treasury stock, shares (in shares)	24,400,000	24,000,000.0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 89	$ (1,279)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	86	91
Impairment of goodwill, intangibles and other assets	0	1,475
Deferred income taxes	1	(234)
Stock based compensation expense	14	8
Loss on change in fair value of investments	0	3
Changes in operating accounts:
Accounts receivable	122	369
Inventories	(283)	(142)
Accounts payable	(18)	(49)
Accrued liabilities and other	(36)	(219)
Net cash provided by (used in) operating activities	(25)	23
Cash flows from investing activities:
Capital expenditures	(54)	(58)
Other investing activities, net	0	2
Net cash used in investing activities	(54)	(56)
Cash flows from financing activities:
Net proceeds from short-term debt	0	305
Payments on current portion of long-term debt	(94)	0
Payments on long-term debt	(6)	(16)
Cash dividends	(100)	(99)
Equity compensation activity and other, net	(39)	(17)
Net cash provided by (used in) financing activities	(239)	173
Exchange rate effect on cash, cash equivalents and restricted cash	(14)	(24)
Increase (decrease) in cash, cash equivalents and restricted cash	(332)	116
Cash, cash equivalents and restricted cash at beginning of period	1,021	371
Cash, cash equivalents and restricted cash at end of period	689	487
Supplemental disclosures:
Restricted cash at beginning of period	40	22
Restricted cash at end of period	$ 7	$ 11

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Loss	Stockholders' Equity Attributable to Parent	Noncontrolling Interest
Beginning balance at Dec. 31, 2019	$ 4,996	$ 447	$ (590)	$ 8,430	$ (2,404)	$ (920)	$ 4,963	$ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(1,414)				(1,279)	(130)	(1,409)	(5)
Dividends declared on common stock	(97)			(97)			(97)
Equity compensation, net of tax	2	1	(6)	7			2
Other changes attributable to noncontrolling interests	(5)					(5)	(5)
Distributions to noncontrolling interests	(3)							(3)
Ending balance at Mar. 31, 2020	3,479	448	(596)	8,340	(3,683)	(1,055)	3,454	25
Beginning balance at Dec. 31, 2020	3,900	448	(598)	8,078	(3,174)	(880)	3,874	26
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	55				89	(32)	57	(2)
Dividends declared on common stock	(101)			(101)			(101)
Equity compensation, net of tax	8	2	(10)	16			8
Other changes attributable to noncontrolling interests	(1)					(2)	(2)	1
Ending balance at Mar. 31, 2021	$ 3,861	$ 450	$ (608)	$ 7,993	$ (3,085)	$ (914)	$ 3,836	$ 25

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (in USD per share)	$ 0.23	$ 0.23

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements of Newell Brands Inc. (collectively with its subsidiaries, the “Company”) have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements include all adjustments (including normal recurring accruals) considered necessary for a fair statement of the financial position and the results of operations of the Company. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements, and the footnotes thereto, included in the Company’s most recent Annual Report on Form 10-K. The Condensed Consolidated Balance Sheet at December 31, 2020, has been derived from the audited financial statements as of that date, but it does not include all the information and footnotes required by U.S. GAAP for a complete financial statement. Certain reclassifications have been made in the Company’s financial statements of the prior year to conform to the current year presentation. Beginning January 1, 2021, the Company reported the operating results of its cookware product lines as part of the Food reporting unit within the Home Solutions segment, and no longer as part of the former Appliances and Cookware segment. This change was the result of an assessment by the chief operating decision maker (“CODM”) to better align the cookware product lines with other similar product lines in various food categories. In connection with this change, the Chief Executive Officer (“CEO”) for the Food business unit assumed full responsibility for the overall brand strategy, business modeling, marketing and innovation of these product lines. The Company determined this product line change did not result in a change to either of its Home Solutions or former Appliances and Cookware reportable segments. In connection with this change, the Appliances and Cookware segment was renamed as the Home Appliances segment. Prior period comparable results for both of these segments have been reclassified to conform to this product line change. The Company also revised the calculation of operating income (loss) by segment to include restructuring charges. Prior period comparable results have been reclassified to conform to the change in calculation (See Footnote 15). Use of Estimates and Risks and Uncertainty of Coronavirus (COVID-19) Since early 2020, the COVID-19 pandemic has resulted in various federal, state and local governments, as well as private entities, mandating restrictions on travel and public gatherings, closure of non-essential commerce, stay at home orders and quarantining of people to limit exposure to the virus. The Company's global operations, similar to those of many large, multi-national corporations, were adversely impacted by the COVID-19 pandemic. During the first quarter of 2020, the Company concluded that an impairment triggering event had occurred as it had experienced significant COVID-19 related disruption for all of its reporting units and performed an impairment test for its goodwill and indefinite-lived intangible assets and a recoverability test for its long-lived assets, which primarily include finite-lived intangible assets, property plant and equipment and right of use lease assets. As a result of the impairment and recoverability testing performed in connection with the triggering event, the Company determined that certain of its goodwill, indefinite-lived intangible assets, property plant and equipment and right of use operating leases assets were impaired. During the first quarter of 2020, the Company recorded an aggregate non-cash charge of approximately $1.5 billion in connection with these impairments. See Footnotes 5 and 6 for further information. While the negative effects from the COVID-19 global pandemic in the first half of 2020 were material to the Company's operating results, the Company saw sales growth during the second half of 2020 and first quarter of 2021. The Company believes, however, the extent of the impact of the COVID-19 pandemic to its businesses, operating results, cash flows, liquidity and financial condition will be primarily driven by the severity and duration of the pandemic, the impact of new strains and variants of the coronavirus, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental plans to administer vaccines to the general public, especially in areas where conditions have recently worsened and lockdowns or travel bans have been reinstituted, as well as the timing and amount of fiscal stimulus and relief programs packages that are available to the general public. These primary drivers are beyond the Company's knowledge and control, and as a result, at this time it is difficult to predict the cumulative impact, both in terms of severity and duration, COVID-19 will have on its future sales, operating results, cash flows and financial condition. Furthermore, the impact to the Company's businesses, operating results, cash flows, liquidity and financial condition may be adversely impacted if the COVID-19 global pandemic continues to exist or worsens for a prolonged period of time, new variants of the coronavirus emerge, or if plans to administer vaccines are delayed. Management’s application of U.S. GAAP in preparing the Company's consolidated financial statements requires the pervasive use of estimates and assumptions. As discussed above, the world continues to be impacted by the global COVID-19 pandemic which has required greater use of estimates and assumptions in the preparation of the consolidated financial statements, more specifically, those estimates and assumptions utilized in the Company’s forecasted cash flows that form the basis in developing the fair values utilized in its impairment assessments as well as its annual effective tax rate. These estimates also include assumptions as to the duration and severity of the pandemic, timing and amount of demand shifts amongst sales channels, workforce availability, supply chain continuity, and timing as to a return to normalcy. Although the Company has made its best estimates based upon current information, the effects of the COVID-19 pandemic on its business may result in future changes to management’s estimates and assumptions, especially if the severity of the pandemic continues to exist or worsens for a prolonged period of time, new variants of the coronavirus emerge, or if plans to administer the vaccines are delayed. Actual results could materially differ from the estimates and assumptions developed by management. If so, the Company may be subject to future incremental impairment charges as well as changes to recorded reserves and valuations. Seasonal Variations Sales of the Company’s products tend to be seasonal, with sales, operating income and operating cash flow in the first quarter generally lower than any other quarter during the year, driven principally by reduced volume and the mix of products sold in the first quarter. The seasonality of the Company’s sales volume combined with the accounting for fixed costs, such as depreciation, amortization, rent, personnel costs and interest expense, impacts the Company’s results on a quarterly basis. In addition, the Company typically tends to generate the majority of its operating cash flow in the third and fourth quarters of the year due to seasonal variations in operating results, the timing of annual performance-based compensation payments, customer program payments, working capital requirements and credit terms provided to customers. Accordingly, the Company’s results of operations for the three months ended March 31, 2021 may not necessarily be indicative of the results that may be expected for the year ending December 31, 2021. In 2020, the Company's sales and operating results were disrupted by the COVID-19 pandemic, negatively impacting the Company's performance during the first half of the year, partially offset by positive performance during the second half of the year and into the first quarter of 2021. The Company believes the seasonality of its businesses will revert back to historical patterns as the impact of the global pandemic lessens. Recent Accounting Pronouncements Changes to U.S. 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 March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB clarified the scope of this guidance with the issuance of ASU 2021-01, Reference Rate Reform: Scope. ASU 2020-04 provides optional expedients and exceptions to account for contracts, hedging relationships and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate if certain criteria are met. ASU 2020-04 may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is currently evaluating the potential effects of the adoption of ASU 2020-04. Adoption of New Accounting Guidance The Company’s accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements included in our 2020 Annual Report on Form 10-K. Such significant accounting policies are applicable for periods prior to the adoption of the following new accounting standards and updated accounting policies. In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes” (Topic 740). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for years, and interim periods within those years, beginning after December 15, 2020. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Sales of Accounts Receivables Factored receivables at the end of the first quarter of 2021 associated with the Company's existing factoring agreement (the “Customer Receivables Purchase Agreement”) were approximately $400 million, an increase of approximately $50 million from December 31, 2020. Transactions under this agreement continue to be accounted for as sales of accounts receivable, and the receivables sold are removed from the Condensed Consolidated Balance Sheet at the time of the sales transaction. The Company classifies the proceeds received from the sales of accounts receivable as an operating cash flow in the unaudited Condensed Consolidated Statement of Cash Flows. The Company records the discount as other (income) expense, net in the Condensed Consolidated Statement of Operations and collections of accounts receivables not yet submitted to the financial institution as a financing cash flow.

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following table displays the changes in Accumulated Other Comprehensive Income (Loss) (“AOCL”) by component, net of tax, for the three months ended March 31, 2021 (in millions):


	Cumulative Translation Adjustment		Pension and Postretirement Costs		Derivative Financial Instruments		AOCL
Balance at December 31, 2020	$	(481)	$	(356)	$	(43)	$	(880)
Other comprehensive income (loss) before reclassifications	(44)		1		2		(41)
Amounts reclassified to earnings	—		4		3		7
Net current period other comprehensive income (loss)	(44)		5		5		(34)
Balance at March 31, 2021	$	(525)	$	(351)	$	(38)	$	(914)

Reclassifications from AOCL to the results of operations for the three months ended March 31, 2021 and 2020 were pre-tax expense of (in millions):


	Three Months Ended March 31,
		2021		2020
Pension and postretirement benefit plans (1)		$	5	$	6
Derivative financial instruments for effective cash flow hedges (2)		4		1

(1)Primarily represents the amortization of net actuarial losses and plan settlements recorded in cost of products sold, selling, general and administrative expenses (“SG&A”) and other (income) expense, net in the Consolidated Statements of Operations. See Footnote 10 for further information.

(2)See Footnote 9 for further information.

The income tax provision (benefit) allocated to the components of AOCL for the periods indicated are as follows (in millions):


	Three Months Ended March 31,
		2021		2020
Foreign currency translation adjustments		$	12	$	7
Pension and postretirement benefit costs		1		(3)
Derivative financial instruments		2		9
Income tax provision related to AOCL		$	15	$	13

Restructuring Costs

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

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.

Restructuring costs, net incurred by reportable business segments for all restructuring activities for the periods indicated are as follows (in millions):


	Three Months Ended March 31,
		2021		2020
Home Appliances		$	1	$	—

Home Solutions		2		1
Learning and Development		1		1
Outdoor and Recreation		1		—

		$	5	$	2

Accrued restructuring costs activity for the three months ended March 31, 2021 are as follows (in millions):


	Balance at December 31, 2020		Restructuring Costs, Net		Payments		Balance at March 31, 2021
Severance and termination costs	$	7	$	4	$	(4)	$	7
Contract termination and other costs	4		1		(1)		4
	$	11	$	5	$	(5)	$	11

2020 Restructuring Plan

The Company’s 2020 restructuring program, which was initiated during the second quarter of 2020 largely in response to the impact of the COVID-19 pandemic, was designed to reduce overhead costs, streamline certain underperforming operations and improve future profitability. The restructuring costs, which impact all segments, include employee-related costs, including severance and other termination benefits. During the three months ended March 31, 2021, the Company recorded restructuring charges of $5 million in connection with the program and has incurred cumulative charges of $24 million since inception. The Company currently estimates aggregate restructuring charges of approximately $30 million to $35 million to be incurred for projects launched in connection with the program. All cash payments are expected to be paid within one year of charges incurred.

Accelerated Transformation Plan

During the three months ended March 31, 2020 the company recorded restructuring charges of $2 million in connection with the Company's completed Accelerated Transformation Plan (“ATP”). The Company's ATP was designed in part, to divest the Company's non-core consumer businesses and focus on the realignment of the Company's management structure and overall costs structure as a result of the completed divestitures.

Other Restructuring-Related Costs

The Company regularly incurs other restructuring-related costs in connection with various discrete initiatives which are recorded in cost of products sold and SG&A in the Condensed Consolidated Statements of Operations based on the nature of the underlying costs incurred.

Inventories

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories are comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020
Raw materials and supplies	$	269	$	252
Work-in-process	163		157
Finished products	1,469		1,229
	$	1,901	$	1,638

Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, plant and equipment, net, is comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020
Land	$	83	$	86
Buildings and improvements	662		664
Machinery and equipment	2,309		2,314
	3,054		3,064
Less: Accumulated depreciation	(1,903)		(1,888)
	$	1,151	$	1,176

Depreciation expense was $52 million and $48 million for the three months ended March 31, 2021 and 2020, respectively.

During the first quarter of 2020, the Company concluded that a triggering event had occurred for all of its reporting units as a result of the COVID-19 pandemic. Pursuant to the authoritative accounting literature, the Company compared the sum of the undiscounted future cash flows attributable to the asset or group of assets (the lowest level for which identifiable cash flows are available) to their respective carrying amount and recorded a non-cash impairment charge of approximately $1 million during the three months ended March 31, 2020, in the Home Solutions segment associated with its Yankee Candle retail store business. The impairment charge was calculated by subtracting the estimated fair value of the asset group from its carrying value. See Footnote 1 for further information.

During the first quarter of 2020, the Company also recorded a non-cash impairment charge of $5 million to reflect a reduction in the carrying values of operating lease assets, mostly related to its Yankee Candle retail store business.

Goodwill and Other Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

Goodwill activity for the three months ended March 31, 2021 is as follows (in millions):


Segments	Net Book Value at December 31, 2020		Foreign Exchange and Other		Gross Carrying Amount		Accumulated Impairment Charges		Net Book Value at March 31, 2021
Home Appliances	$	—	$	—	$	569	$	(569)	$	—
Commercial Solutions	747		—		1,241		(494)		747
Home Solutions	164		—		2,567		(2,403)		164
Learning and Development	2,642		(28)		3,460		(846)		2,614
Outdoor and Recreation	—		—		788		(788)		—
	$	3,553	$	(28)	$	8,625	$	(5,100)	$	3,525

During the first quarter of 2020, the Company concluded that a triggering event had occurred for all of its reporting units as a result of the COVID-19 global pandemic. Pursuant to the authoritative literature, the Company performed an impairment test and determined that its goodwill associated with its Home Appliances and Food reporting units were impaired. During the three months ended March 31, 2020, the Company recorded an aggregate non-cash charge of $212 million to reflect the impairments of goodwill as the reporting unit carrying values exceeded their fair values. See Footnote 1 for further information.

Other intangible assets, net, are comprised of the following at the dates indicated (in millions):


	March 31, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Trade names — indefinite life	$	2,305	$	—	$	2,305	$	2,331	$	—	$	2,331
Trade names — other	154		(56)		98		157		(55)		102
Capitalized software	632		(498)		134		625		(486)		139
Patents and intellectual property	67		(55)		12		67		(52)		15
Customer relationships and distributor channels	1,253		(296)		957		1,259		(282)		977

	$	4,411	$	(905)	$	3,506	$	4,439	$	(875)	$	3,564

Amortization expense for intangible assets were $34 million and $43 million for the three months ended March 31, 2021 and 2020, respectively.

As a result of the impairment testing performed in connection with the COVID-19 pandemic triggering event during the first quarter of 2020, the Company determined that certain of its indefinite-lived intangible assets in all of its operating segments were impaired. During the three months ended March 31, 2020, the Company recorded impairment charges of $1.3 billion to reflect impairment of these indefinite-lived trade names because their carrying values exceeded their fair values.

The impairment charges for the three months ended March 31, 2020 were allocated to the Company’s reporting segments as follows (in millions):




Impairment of indefinite-lived intangibles assets:
Home Appliances	$	87
Commercial Solutions	320
Home Solutions	290
Learning and Development	78
Outdoor and Recreation	482
	$	1,257

The Company believes the circumstances and global disruption caused by COVID-19 will continue to affect its businesses, operating results, cash flows and financial condition and that the scope and duration of the pandemic is highly uncertain. In addition, some of the other inherent estimates and assumptions used in determining fair value of the reporting units are outside the control of management, including interest rates, cost of capital, tax rates, industry growth, credit ratings, foreign exchange rates, and labor inflation. Given the uncertainty of these factors, as well as the inherent difficulty in predicting the severity and duration of the COVID-19 global pandemic and associated recovery and the uncertainties regarding the potential financial impact on the Company's business and the overall economy, there can be no assurance that the Company's estimates and assumptions will prove to be accurate predictions of the future. See Footnote 1 for further information.

Other Accrued Liabilities

3 Months Ended

Mar. 31, 2021

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities

Other accrued liabilities are comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020
Customer accruals	$	638	$	683
Accrued interest expense	125		60
Operating lease liabilities	125		129
Accrued self-insurance liabilities, contingencies and warranty	105		108
Accrued income taxes	81		66
Accruals for marketing and freight expenses	56		57
Other	210		290
	$	1,340	$	1,393

Debt

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Debt

Debt is comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020

3.15% senior notes due 2021	$	—	$	94
3.75% senior notes due 2021	354		369
4.00% senior notes due 2022	250		250
3.85% senior notes due 2023	1,085		1,090
4.00% senior notes due 2024	200		200
4.875% senior notes due 2025	493		492
3.90% senior notes due 2025	47		47
4.20% senior notes due 2026	1,974		1,973

5.375% senior notes due 2036	416		416
5.50% senior notes due 2046	657		657


Other debt	16		19
Total debt	5,492		5,607
Short-term debt and current portion of long-term debt	(357)		(466)
Long-term debt	$	5,135	$	5,141

Senior Notes

On March 1, 2021 (the “Redemption Date”), the Company redeemed its 3.15% senior notes that were scheduled to mature in April 2021 (the “April 2021 Notes”) at a redemption price equal to 100% of the outstanding aggregate principal amount of the notes, plus accrued and unpaid interest to the Redemption Date.

During the first quarter of 2021, the Company repurchased $5 million of the 3.85% senior notes due 2023 at approximately 5% above par value. The total consideration, excluding accrued interest, was approximately $5 million. As a result of the partial debt repurchase the Company recorded an immaterial loss.

Receivables Facility

The Company maintains an Accounts Receivable Securitization Facility (the “Securitization Facility”). The aggregate commitment under the Securitization Facility is $600 million. The Securitization Facility matures in October 2022 and bears interest at a margin over a variable interest rate. The maximum availability under the Securitization Facility fluctuates based on eligible accounts receivable balances. At March 31, 2021, the Company did not have any amounts outstanding under the Securitization Facility.

Revolving Credit Facility

The Company has a $1.25 billion revolving credit facility that matures in December 2023 (the “Credit Revolver”). At March 31, 2021, the Company did not have any amounts outstanding under the Credit Revolver.

Other

The fair value of the Company’s senior notes are based upon prices of similar instruments in the marketplace and are as follows (in millions):


	March 31, 2021				December 31, 2020
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	6,123	$	5,476	$	6,277	$	5,588

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

Net Investment Hedge

The Company has designated the €300 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 March 31, 2021, $11 million of deferred losses have been recorded in AOCL. See Footnote 9 for disclosures regarding the Company’s derivative financial instruments.

Derivatives

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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. The cash paid and received from the settlement of interest rate swaps is included in interest expense.

Fair Value Hedges

At March 31, 2021, the Company had approximately $100 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 $100 million of principal on the 4.00% senior notes due 2024 for the remaining life of the note. 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 financing arrangements. The Company previously entered into two cross-currency swaps with an aggregate notional amount of $900 million, which were designated as

net investment hedges of the Company's foreign currency exposure of its net investment in certain Euro-functional currency subsidiaries with Euro-denominated net assets. With these cross-currency swaps, which mature in January and February 2025, respectively, the Company pays a fixed rate of Euro-based interest and receives a fixed rate of U.S. dollar interest. The Company has elected the spot method for assessing the effectiveness of these contracts. During the three months ended March 31, 2021, the Company recognized income of $4 million in interest expense, net, related to the portion of cross-currency swaps excluded from hedge effectiveness testing.

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 December 2021. 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 AOCL until it 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 March 31, 2021, the Company had approximately $397 million notional amount outstanding of forward foreign currency contracts that are designated as cash flow hedges of forecasted inventory purchases and sales.

The Company also uses foreign currency contracts, primarily forward contracts, to mitigate the exposure of foreign currency transactions. At March 31, 2021, the Company had approximately $879 million notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through December 2021. 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 at the dates indicated (in millions):


		Fair Value of Derivatives
		Assets (Liabilities)
	Balance Sheet Location	March 31, 2021		December 31, 2020
Derivatives designated as effective hedges:
Cash Flow Hedges
Foreign currency contracts	Prepaid expenses and other current assets	$	3	$	1
Foreign currency contracts	Other accrued liabilities	(11)		(19)
Fair Value Hedges
Interest rate swaps	Other assets	5		7

Net Investment Hedges
Cross-currency swaps	Prepaid expenses and other current assets	7		10
Cross-currency swaps	Other noncurrent liabilities	(63)		(102)

Derivatives not designated as effective hedges:
Foreign currency contracts	Prepaid expenses and other current assets	13		10
Foreign currency contracts	Other accrued liabilities	(5)		(17)

Total		$	(51)	$	(110)

The following table presents gain and (loss) activity (on a pre-tax basis) related to derivative financial instruments designated or previously designated, as effective hedges (in millions):











		Three Months Ended March 31, 2021				Three Months Ended March 31, 2020
		Gain/(Loss)				Gain/(Loss)
	Location of gain/(loss) recognized in income	Recognized in OCI (effective portion)		Reclassified from AOCL to Income		Recognized in OCI (effective portion)		Reclassified from AOCL to Income
Interest rate swaps	Interest expense, net	$	—	$	(2)	$	—	$	(2)
Foreign currency contracts	Net sales and cost of products sold	3		(2)		35		1

Cross-currency swaps	Other (income) expense, net	36		—		21		—
Total		$	39	$	(4)	$	56	$	(1)

At March 31, 2021, net deferred losses of approximately $14 million within AOCL are expected to be reclassified to earnings over the next twelve months.

During the three months ended March 31, 2021 and 2020, the Company recognized income of $7 million and $12 million, respectively, in other (income) expense, net, related to derivatives that are not designated as hedging instruments. Gains and losses on these derivatives are mostly offset by foreign currency movement in the underlying exposure.

Employee Benefit and Retirement Plans

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Employee Benefit and Retirement Plans

The components of pension and postretirement benefit (income) expense for the periods indicated, are as follows (in millions):


	Pension Benefits
	Three Months Ended March 31,
	U.S.				International
	2021		2020		2021		2020
Service cost	$	—	$	—	$	1	$	1
Interest cost	5		9		2		2
Expected return on plan assets	(12)		(15)		(1)		(2)
Amortization	5		6		1		1
Settlements	—		1		—		—
Total (income) expense	$	(2)	$	1	$	3	$	2


		Postretirement Benefits
	Three Months Ended March 31,
			2021		2020


Amortization			$	(1)	$	(1)

Total income			$	(1)	$	(1)

The components of net periodic pension and postretirement costs other than the service cost component are included in other (income) expense, net in the Condensed Consolidated Statements of Operations.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rate for the three months ended March 31, 2021 and 2020 was 29.4% and 13.8%, respectively. The Company’s effective income tax rate fluctuates based on, among other factors, the geographic mix of income. The difference between the U.S. federal statutory income tax rate of 21.0% and the Company’s effective income tax rate for the three months ended March 31, 2021 and 2020 were impacted by a variety of factors, primarily resulting from the geographic mix of where the income was earned as well as certain taxable income inclusion items in the U.S. based on foreign earnings. The three months ended March 31, 2021 were also impacted by $1 million of discrete tax items. The three months ended March 31, 2020 were also impacted by certain discrete tax items. Income tax expense for three months ended March 31, 2020 included a discrete tax benefit of $15 million related to statute of limitations expirations and $8 million of prior period adjustments offset by tax expense of $27 million related to a change in the tax status of certain entities upon Internal Revenue Service approval during the first quarter, $7 million of excess book deductions related to equity-based compensation, and $5 million for effects of adopting the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The Company concluded the effects of such prior period adjustments were not material to the current period or previously issued financial statements. On June 18, 2019, the U.S. Treasury and the Internal Revenue Service (“IRS”) released temporary regulations under IRC Section 245A (“Section 245A”) as enacted by the 2017 U.S. Tax Reform Legislation (“2017 Tax Reform”) and IRC Section 954(c)(6) (the “Temporary Regulations”) to apply retroactively to the date the 2017 Tax Reform was enacted. On August 21, 2020, the U.S. Treasury and IRS released finalized versions of the Temporary Regulations (collectively with the Temporary Regulations, the “Regulations”). The Regulations seek to limit the 100% dividends received deduction permitted by Section 245A for certain dividends received from controlled foreign corporations and to limit the applicability of the look-through exception to foreign personal holding company income for certain dividends received from controlled foreign corporations. Before the retroactive application of the Regulations, the Company benefited in 2018 from both the 100% dividends received deduction and the look-through exception to foreign personal holding company income. The Company analyzed the Regulations and concluded the relevant Regulations were not validly issued. Therefore, the Company has not accounted for the effects of the Regulations in its Condensed Consolidated Financial Statements for the period ending March 31, 2021. The Company believes it has strong arguments in favor of its position and believes it has met the more likely than not recognition threshold that its position will be sustained. However, due to the inherent uncertainty involved in challenging the validity of regulations as well as a potential litigation process, there can be no assurances that the relevant Regulations will be invalidated or that a court of law will rule in favor of the Company. If the Company’s position on the Regulations is not sustained, the Company would be required to recognize an income tax expense of approximately $180 million to $220 million related to an income tax benefit from fiscal year 2018 that was recorded based on regulations in existence at the time. In addition, the Company may be required to pay any applicable interest and penalties. The Company intends to vigorously defend its position.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

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


	Three Months Ended March 31,
		2021	2020
Weighted average shares outstanding		424.9	423.8
Share-based payment awards classified as participating securities (1)		—	—
Basic weighted average shares outstanding		424.9	423.8
Dilutive securities (2)		2.7	—
Diluted weighted average shares outstanding		427.6	423.8

(1)For the three months ended March 31, 2021 and 2020, dividends and equivalents for share-based awards that are expected to be forfeited do not have a material effect on net income for basic and diluted earnings per share.

(2)The three months ended March 31, 2020 excludes 1.1 million of potentially dilutive share-based awards as their effect would be anti-dilutive.

At March 31, 2021 there were no potentially dilutive restricted stock awards with performance-based targets that were not met and as such, have been excluded from the computation of diluted earnings per share. At March 31, 2020, there were 0.7 million potentially dilutive restricted stock awards with performance-based targets that were not met and as such, have been excluded from the computation of diluted earnings per share.

Share-Based Compensation

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

During the three months ended March 31, 2021, the Company awarded 1.1 million performance-based restricted stock units (RSUs), which had an aggregate grant date fair value of $27 million and entitle the recipients to shares of the Company’s common stock primarily 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 the three months ended March 31, 2021, the Company also awarded 0.6 million time-based RSUs with an aggregate grant date fair value of $15 million. These time-based RSUs entitle recipients to shares of the Company’s common stock and primarily vest either at the end of a three-year period or in equal installments over a three-year period.

During the three months ended March 31, 2021, the Company also awarded 2.3 million time-based stock options with an aggregate grant date fair value of $14 million. These stock options entitle recipients to purchase shares of the Company’s common stock at an exercise price equal to the fair market value of the underlying shares as of the grant date and primarily vest in equal installments over a three-year period.

The weighted average assumptions used to determine the fair value of stock options granted for the three months ended March 31, 2021, is as follows:


Risk-free interest rates	0.8	%
Expected volatility	44.2	%
Expected dividend yield	5.1	%
Expected life (in years)	6
Exercise price	$23.79

Fair Value Disclosures

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Recurring Fair Value Measurements

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


	March 31, 2021								December 31, 2020
	Fair value Asset (Liability)								Fair value Asset (Liability)
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivatives:
Assets	$	—	$	28	$	—	$	28	$	—	$	28	$	—	$	28
Liabilities	—		(79)		—		(79)		—		(138)		—		(138)
Investment securities, including mutual funds	9		—		—		9		10		—		—		10

For publicly traded investment securities, including mutual funds, fair value is determined on the basis of quoted market prices and, accordingly, such investments are 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.

Financial Instruments

The Company’s financial instruments include cash and cash equivalents, accounts receivable, accounts payable, derivative instruments, notes payable and short and long-term debt. The carrying values for current financial assets and liabilities, including cash and cash equivalents, accounts receivable, accounts payable and short-term debt approximate fair value due to the short maturity of such instruments. The fair values of the Company’s debt and derivative instruments are disclosed in Footnote 8 and Footnote 9, respectively.

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. 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, royalty rates, contributory cross charges, where applicable, and discount rates. Accordingly, these fair value measurements fall in Level 3 of the fair value hierarchy. These assets and certain liabilities are measured at fair value on a nonrecurring basis as part of the Company’s annual impairment testing and as circumstances require. In connection with the Company's annual impairment testing at December 1, 2020, an intangible asset was fair valued at $135 million on a non-recurring basis.

The Company reviews property, plant and equipment and operating lease assets 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. See Footnote 5 for further information.

- Definition

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.

+ References + Details

Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

Beginning January 1, 2021, the Company reported the operating results of its cookware product lines as part of the Food reporting unit within the Home Solutions segment, and no longer as part of the former Appliances and Cookware segment. This change was the result of an assessment by the CODM to better align the cookware product lines with other similar product lines in various food categories. In connection with this change, the CEO for the Food business unit assumed full responsibility for the overall brand strategy, business modeling, marketing and innovation of these product lines. The Company determined this product line change did not result in a change to either of its Home Solutions or former Appliances and Cookware reportable segments. In connection with this change, the Appliances and Cookware segment was renamed as the Home Appliances segment. Prior period comparable results for both of these segments have been reclassified to conform to this product line change. The Company also revised the calculation of operating income (loss) by segment to include restructuring charges. Prior period comparable results have been reclassified to conform to the change in calculation.

The Company's five primary reportable segments are:

Segment

Key Brands

Description of Primary Products

Home Appliances

Calphalon®, Crock-Pot®, Mr. Coffee®, Oster® and Sunbeam®

Household products, including kitchen appliances

Commercial Solutions

BRK®, First Alert®, Mapa®, Quickie®, Rubbermaid Commercial Products®, and Spontex®

Commercial cleaning and maintenance solutions; closet and garage organization; hygiene systems and material handling solutions; connected home and security and smoke and carbon monoxide alarms

Home
Solutions

Ball® (1), Calphalon®, Chesapeake Bay Candle®, FoodSaver®, Rubbermaid®, Sistema®, WoodWick® and Yankee Candle®

Food and home storage products; fresh preserving products, vacuum sealing products, gourmet cookware, bakeware and cutlery and home fragrance products

Learning and
Development

Aprica®, Baby Jogger®, Dymo®, Elmer’s®, EXPO®, Graco®, Mr. Sketch®, NUK®, Paper Mate®, Parker®, Prismacolor®, Sharpie®, Tigex® Waterman® and X-Acto®

Baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products and labeling solutions

Outdoor and Recreation

Coleman®, Contigo®, ExOfficio®, Marmot®

Products for outdoor and outdoor-related activities

(1)

and Ball® TM of Ball Corporation, used under license.

This structure reflects the manner in which the CODM regularly assesses information for decision-making purposes, including the allocation of resources. The Company also provides general corporate services to its segments which is reported as a non-operating segment, Corporate. As a result of the aforementioned changes, net sales, operating income (loss) and impairment of goodwill and indefinite-lived intangible assets for the three months ended March 31, 2020 and segment assets as of December 31, 2020 have been recast. Selected information by segment is presented in the following tables (in millions):


	Three Months Ended March 31,
		2021		2020
Net sales (1)
Home Appliances		$	360	$	261
Commercial Solutions		471		413
Home Solutions		504		377
Learning and Development		617		528
Outdoor and Recreation		336		307
		$	2,288	$	1,886

Operating income (loss) (2)
Home Appliances		$	3	$	(299)
Commercial Solutions		50		(272)
Home Solutions		61		(301)
Learning and Development		110		4
Outdoor and Recreation		15		(474)
Corporate		(47)		(66)
		$	192	$	(1,408)

		March 31, 2021		December 31, 2020
Segment assets
Home Appliances		$	902	$	970
Commercial Solutions		2,530		2,529
Home Solutions		3,032		3,087
Learning and Development		4,568		4,663
Outdoor and Recreation		991		988
Corporate		2,317		2,463
		$	14,340	$	14,700

		Three Months Ended March 31, 2020

Impairment of goodwill and indefinite-lived intangibles assets (3)
Home Appliances				$	287
Commercial Solutions				320
Home Solutions				302
Learning and Development				78
Outdoor and Recreation				482
				$	1,469

(1)All intercompany transactions have been eliminated.

(2)Operating income (loss) by segment is net sales less cost of products sold, SG&A, restructuring and impairment of goodwill, intangibles and other assets. Certain Corporate expenses of an operational nature are allocated to business segments primarily on a net sales basis. Corporate depreciation and amortization is allocated to the segments on a percentage of net sales basis, and included in segment operating income.

(3)The Company did not record any impairment charges during the three months ended March 31, 2021. During the three months ended March 31, 2020, the Company recorded impairment charges to reflect impairment of intangible assets related to certain of the Company’s indefinite-lived trade names and goodwill. See Footnote 6 for further information.

The following tables disaggregates revenue by major product grouping source and geography for the periods indicated (in millions):


	Three Months Ended March 31, 2021
	Home Appliances		Commercial Solutions		Home Solutions		Learning and Development		Outdoor and Recreation		Total
Home Appliances	$	360	$	—	$	—	$	—	$	—	$	360
Commercial	—		380		—		—		—		380
Connected Home Security	—		91		—		—		—		91
Food	—		—		274		—		—		274
Home Fragrance	—		—		230		—		—		230
Baby and Parenting	—		—		—		281		—		281
Writing	—		—		—		336		—		336
Outdoor and Recreation	—		—		—		—		336		336

Total	$	360	$	471	$	504	$	617	$	336	$	2,288

North America	$	195	$	344	$	401	$	426	$	177	$	1,543
International	165		127		103		191		159		745
Total	$	360	$	471	$	504	$	617	$	336	$	2,288

	Three Months Ended March 31, 2020
	Home Appliances		Commercial Solutions		Home Solutions		Learning and Development		Outdoor and Recreation		Total
Home Appliances	$	261	$	—	$	—	$	—	$	—	$	261
Commercial	—		336		—		—		—		336
Connected Home Security	—		77		—		—		—		77
Food	—		—		214		—		—		214
Home Fragrance	—		—		163		—		—		163
Baby and Parenting	—		—		—		244		—		244
Writing	—		—		—		284		—		284
Outdoor and Recreation	—		—		—		—		307		307

Total	$	261	$	413	$	377	$	528	$	307	$	1,886

North America	$	154	$	302	$	297	$	374	$	192	$	1,319
International	107		111		80		154		115		567
Total	$	261	$	413	$	377	$	528	$	307	$	1,886

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Litigation and Contingencies	3 Months Ended
Litigation and Contingencies	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Litigation and Contingencies	Litigation and Contingencies The Company is subject to various claims and lawsuits in the ordinary course of business, including from time to time, contractual disputes, employment and environmental matters, product and general liability claims, claims that the Company has infringed on the intellectual property rights of others, and consumer and employment class actions. Some of the legal proceedings include claims for punitive as well as compensatory damages. In the ordinary course of business, the Company is also subject to legislative requests, regulatory and governmental examinations, information requests and subpoenas, inquiries, investigations, and threatened legal actions and proceedings. In connection with such formal and informal inquiries, the Company receives numerous requests, subpoenas, and orders for documents, testimony, and information in connection with various aspects of its activities. The Company previously disclosed that it had received a subpoena and related informal document requests from the SEC primarily relating to its sales practices and certain accounting matters for the time period beginning from January 1, 2016. The Company has cooperated with the SEC in connection with its investigation and ongoing requests for documents and information and intends to continue to do so. The Company cannot predict the timing or outcome of this investigation. Securities Litigation Certain of the Company’s current and former officers and directors have been named in shareholder derivative lawsuits. On October 29, 2018, a shareholder filed a putative derivative complaint, Streicher v. Polk, et al., in the United States District Court for the District of Delaware (the “Streicher Derivative Action”), purportedly on behalf of the Company against certain of the Company's current and former officers and directors. On October 30, 2018, another shareholder filed a putative derivative complaint, Martindale v. Polk, et al., in the United States District Court for the District of Delaware (the “Martindale Derivative Action”), asserting substantially similar claims purportedly on behalf of the Company against the same defendants. The complaints allege, among other things, violations of the federal securities laws, breaches of fiduciary duties, unjust enrichment, and waste of corporate assets. The factual allegations underlying these claims are similar to the factual allegations made in the In re Newell Brands, Inc. Securities Litigation pending in the United States District Court for the District of New Jersey, further described below. The complaints seek unspecified damages and restitution for the Company from the individual defendants, the payment of costs and attorneys’ fees, and that the Company be directed to reform certain governance and internal procedures. The Streicher Derivative Action and the Martindale Derivative Action have been consolidated and the case is now known as In re Newell Brands Inc. Derivative Litigation (the “Newell Brands Derivative Action”), which is pending in the United States District Court for the District of Delaware. On March 22, 2021, the United States District Court for the District of Delaware stayed the Newell Brands Derivative Action pending the resolution of any motions for summary judgment filed in Oklahoma Firefighters Pension and Retirement System v. Newell Brands Inc., et al. (described below). On December 30, 2020, two shareholders filed a putative derivative complaint, Weber, et al. v. Polk, et al., in the United States District Court for the District of Delaware (the “Weber Derivative Action”), purportedly on behalf of the Company against certain of the Company’s current and former officers and directors. The complaint in the Weber Derivative Action alleges, among other things, breaches of fiduciary duty and waste of corporate assets. The factual allegations underlying these claims are similar to the factual allegations made in the Newell Brands Derivative Action. On March 19, 2021, the United States District Court for the District of Delaware stayed the Weber Derivative Action pending final disposition of Oklahoma Firefighters Pension and Retirement System v. Newell Brands Inc., et al. (described below). The Company and certain of its current and former officers and directors have been named as defendants in a putative securities class action lawsuit filed in the Superior Court of New Jersey, Hudson County, on behalf of all persons who acquired Company common stock pursuant or traceable to the S-4 registration statement and prospectus issued in connection with the April 2016 acquisition of Jarden (the “Registration Statement”). The action was filed on September 6, 2018, and is captioned Oklahoma Firefighters Pension and Retirement System v. Newell Brands Inc., et al., Civil Action No. HUD-L-003492-18. The operative complaint alleges certain violations of the securities laws, including, among other things, that the defendants made certain materially false and misleading statements and omissions in the Registration Statement regarding the Company’s financial results, trends, and metrics. The plaintiff seeks compensatory damages and attorneys’ fees and costs, among other relief, but has not specified the amount of damages being sought. The Company intends to defend the litigation vigorously. The Company and certain of its officers have been named as defendants in two putative securities class action lawsuits, each filed in the United States District Court for the District of New Jersey, on behalf of all persons who purchased or otherwise acquired the Company's common stock between February 6, 2017 and January 24, 2018. The first lawsuit was filed on June 21, 2018 and is captioned Bucks County Employees Retirement Fund, Individually and on behalf of All Others Similarly Situated v. Newell Brands Inc., Michael B. Polk, Ralph J. Nicoletti, and James L. Cunningham, III, Civil Action No. 2:18-cv-10878 (United States District Court for the District of New Jersey). The second lawsuit was filed on June 27, 2018 and is captioned Matthew Barnett, Individually and on Behalf of All Others Similarly Situated v. Newell Brands Inc., Michael B. Polk, Ralph J. Nicoletti, and James L. Cunningham, III, Civil Action No. 2:18-cv-11132 (United States District Court for the District of New Jersey). On September 27, 2018, the court consolidated these two cases under Civil Action No. 18-cv-10878 (JMV)(JBC) bearing the caption In re Newell Brands, Inc. Securities Litigation. The court also named Hampshire County Council Pension Fund as the lead plaintiff in the consolidated case. The operative complaint alleges certain violations of the securities laws, including, among other things, that the defendants made certain materially false and misleading statements and omissions regarding the Company’s business, operations, and prospects between February 6, 2017 and January 24, 2018. The plaintiffs seek compensatory damages and attorneys’ fees and costs, among other relief, but have not specified the amount of damages being sought. The Company intends to defend the litigation vigorously. On January 10, 2020, the court in In re Newell Brands Inc. Securities Litigation entered a dismissal with prejudice after granting the Company’s motion to dismiss. On February 7, 2020, the plaintiffs filed an appeal to the United States Court of Appeals for the Third Circuit. On December 1, 2020, the Court of Appeals affirmed the dismissal. 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 Comprehensive Environmental Response Compensation and Liability Act (“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 at March 31, 2021 was $41 million which is included in other accrued liabilities and other noncurrent liabilities in the Condensed 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. 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. 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 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 approximately $1 million to $2 million in annual maintenance costs for 30 years, with its preferred alternative carrying an estimated cost of approximately $1.7 billion plus an additional approximately $2 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 nine miles. The cost estimates for these alternatives ranged from approximately $28 million to $2.7 billion, including related operation, maintenance and monitoring costs. U.S. EPA issued a conditional approval of the RI report in June 2019. U.S. EPA issued a Record of Decision for the lower 8.3 miles of the Lower Passaic River in March 2016 (the “2016 ROD”). The 2016 ROD 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 2016 ROD, 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, including Company Parties, as well as several additional entities. 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.” 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 $0.3 million to 20 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. Following discussion with U.S. EPA regarding the 2015 draft FS, and U.S. EPA’s issuance of the 2016 ROD, the participating parties refocused the FS on the upper 9 miles of the Lower Passaic River. The parties submitted most portions of a final Interim Remedy FS (the “Draft IR FS”) on August 7, 2020, setting forth remedial alternatives ranging from “no further action” to targeted dredging and capping with different targets for post-remedy surface weighted average concentration of contamination. The cost estimates for these active alternatives range from approximately $321 million to $468 million. EPA has indicated it aims to have the IR FS finalized and to issue a Record of Decision for the upper nine miles in early 2021. 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, entered into a mutual contribution release agreement (“Passaic Release”) pertaining to certain costs, but not costs associated with ultimate remedy. On June 30, 2018, OCC sued 120 parties, including the Company and Berol, in the U.S. District Court in New Jersey (“OCC Lawsuit”). OCC subsequently filed a separate, related complaint against five additional defendants. The OCC Lawsuit includes claims, counterclaims and cross-claims for cost recovery, contribution, and declaratory judgement under CERCLA. The current, primary focus of the claims, counterclaims and cross-claims against the defendants is on certain past and future costs for investigation, design and remediation of the 17-mile stretch of the Lower Passaic River and its tributaries, other than those subject to the Passaic Release. The complaint notes, however, that OCC may broaden its claims in the future if and when EPA selects remedial actions for other portions of the Site or completes a Natural Resource Damage Assessment. Given the uncertainties pertaining to this matter, including that U.S. EPA is still reviewing the 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. OCC stated in a subsequent filing that it “anticipates” asserting additional claims against the defendants “regarding Newark Bay,” which is also part of the Diamond Alkali Superfund Site, after U.S. EPA has decided the Newark Bay remedy. 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 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. 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. In connection with the 2018 sale of The Waddington Group, Novolex Holdings, Inc. (the “Buyer”) filed suit against the Company in October 2019 in the Superior Court of Delaware. The Buyer generally alleged that the Company fraudulently breached certain representations in the Equity Purchase Agreement between the Company and Buyer, dated May 2, 2018, resulting in an inflated purchase price for The Waddington Group. The Company intends to defend the litigation vigorously. At March 31, 2021, the Company had approximately $53 million in standby letters of credit primarily related to the Company’s self-insurance programs, including workers’ compensation, product liability and medical expenses.

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Seasonal Variations	Seasonal Variations Sales of the Company’s products tend to be seasonal, with sales, operating income and operating cash flow in the first quarter generally lower than any other quarter during the year, driven principally by reduced volume and the mix of products sold in the first quarter. The seasonality of the Company’s sales volume combined with the accounting for fixed costs, such as depreciation, amortization, rent, personnel costs and interest expense, impacts the Company’s results on a quarterly basis. In addition, the Company typically tends to generate the majority of its operating cash flow in the third and fourth quarters of the year due to seasonal variations in operating results, the timing of annual performance-based compensation payments, customer program payments, working capital requirements and credit terms provided to customers. Accordingly, the Company’s results of operations for the three months ended March 31, 2021 may not necessarily be indicative of the results that may be expected for the year ending December 31, 2021.
Recent Accounting Pronouncements and New Accounting Guidance	Recent Accounting Pronouncements Changes to U.S. 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 March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB clarified the scope of this guidance with the issuance of ASU 2021-01, Reference Rate Reform: Scope. ASU 2020-04 provides optional expedients and exceptions to account for contracts, hedging relationships and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate if certain criteria are met. ASU 2020-04 may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is currently evaluating the potential effects of the adoption of ASU 2020-04. Adoption of New Accounting Guidance The Company’s accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements included in our 2020 Annual Report on Form 10-K. Such significant accounting policies are applicable for periods prior to the adoption of the following new accounting standards and updated accounting policies. In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes” (Topic 740). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for years, and interim periods within those years, beginning after December 15, 2020. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

The following table displays the changes in Accumulated Other Comprehensive Income (Loss) (“AOCL”) by component, net of tax, for the three months ended March 31, 2021 (in millions):


	Cumulative Translation Adjustment		Pension and Postretirement Costs		Derivative Financial Instruments		AOCL
Balance at December 31, 2020	$	(481)	$	(356)	$	(43)	$	(880)
Other comprehensive income (loss) before reclassifications	(44)		1		2		(41)
Amounts reclassified to earnings	—		4		3		7
Net current period other comprehensive income (loss)	(44)		5		5		(34)
Balance at March 31, 2021	$	(525)	$	(351)	$	(38)	$	(914)

Reclassification from AOCL to Results of Operations

Reclassifications from AOCL to the results of operations for the three months ended March 31, 2021 and 2020 were pre-tax expense of (in millions):


	Three Months Ended March 31,
		2021		2020
Pension and postretirement benefit plans (1)		$	5	$	6
Derivative financial instruments for effective cash flow hedges (2)		4		1

(2)See Footnote 9 for further information.

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

The income tax provision (benefit) allocated to the components of AOCL for the periods indicated are as follows (in millions):


	Three Months Ended March 31,
		2021		2020
Foreign currency translation adjustments		$	12	$	7
Pension and postretirement benefit costs		1		(3)
Derivative financial instruments		2		9
Income tax provision related to AOCL		$	15	$	13

Restructuring Costs (Tables)

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs Incurred by Reportable Business Segment

Restructuring costs, net incurred by reportable business segments for all restructuring activities for the periods indicated are as follows (in millions):


	Three Months Ended March 31,
		2021		2020
Home Appliances		$	1	$	—

Home Solutions		2		1
Learning and Development		1		1
Outdoor and Recreation		1		—

		$	5	$	2

Schedule of Accrued Restructuring Costs Activity

Accrued restructuring costs activity for the three months ended March 31, 2021 are as follows (in millions):


	Balance at December 31, 2020		Restructuring Costs, Net		Payments		Balance at March 31, 2021
Severance and termination costs	$	7	$	4	$	(4)	$	7
Contract termination and other costs	4		1		(1)		4
	$	11	$	5	$	(5)	$	11

Inventories (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Components of Net Inventories

Inventories are comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020
Raw materials and supplies	$	269	$	252
Work-in-process	163		157
Finished products	1,469		1,229
	$	1,901	$	1,638

Property, Plant and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net, is comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020
Land	$	83	$	86
Buildings and improvements	662		664
Machinery and equipment	2,309		2,314
	3,054		3,064
Less: Accumulated depreciation	(1,903)		(1,888)
	$	1,151	$	1,176

Goodwill and Other Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Goodwill by Reportable Business Segment

Goodwill activity for the three months ended March 31, 2021 is as follows (in millions):


Segments	Net Book Value at December 31, 2020		Foreign Exchange and Other		Gross Carrying Amount		Accumulated Impairment Charges		Net Book Value at March 31, 2021
Home Appliances	$	—	$	—	$	569	$	(569)	$	—
Commercial Solutions	747		—		1,241		(494)		747
Home Solutions	164		—		2,567		(2,403)		164
Learning and Development	2,642		(28)		3,460		(846)		2,614
Outdoor and Recreation	—		—		788		(788)		—
	$	3,553	$	(28)	$	8,625	$	(5,100)	$	3,525

Schedule of Other Intangible Assets and Related Amortization Periods

Other intangible assets, net, are comprised of the following at the dates indicated (in millions):


	March 31, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Trade names — indefinite life	$	2,305	$	—	$	2,305	$	2,331	$	—	$	2,331
Trade names — other	154		(56)		98		157		(55)		102
Capitalized software	632		(498)		134		625		(486)		139
Patents and intellectual property	67		(55)		12		67		(52)		15
Customer relationships and distributor channels	1,253		(296)		957		1,259		(282)		977

	$	4,411	$	(905)	$	3,506	$	4,439	$	(875)	$	3,564

Schedule of Indefinite-Lived Intangible Assets by Segment

The impairment charges for the three months ended March 31, 2020 were allocated to the Company’s reporting segments as follows (in millions):




Impairment of indefinite-lived intangibles assets:
Home Appliances	$	87
Commercial Solutions	320
Home Solutions	290
Learning and Development	78
Outdoor and Recreation	482
	$	1,257

Other Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities

Other accrued liabilities are comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020
Customer accruals	$	638	$	683
Accrued interest expense	125		60
Operating lease liabilities	125		129
Accrued self-insurance liabilities, contingencies and warranty	105		108
Accrued income taxes	81		66
Accruals for marketing and freight expenses	56		57
Other	210		290
	$	1,340	$	1,393

Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Summary of Debt

Debt is comprised of the following at the dates indicated (in millions):


	March 31, 2021		December 31, 2020

3.15% senior notes due 2021	$	—	$	94
3.75% senior notes due 2021	354		369
4.00% senior notes due 2022	250		250
3.85% senior notes due 2023	1,085		1,090
4.00% senior notes due 2024	200		200
4.875% senior notes due 2025	493		492
3.90% senior notes due 2025	47		47
4.20% senior notes due 2026	1,974		1,973

5.375% senior notes due 2036	416		416
5.50% senior notes due 2046	657		657


Other debt	16		19
Total debt	5,492		5,607
Short-term debt and current portion of long-term debt	(357)		(466)
Long-term debt	$	5,135	$	5,141

Schedule of Fair Value of Senior Notes

The fair value of the Company’s senior notes are based upon prices of similar instruments in the marketplace and are as follows (in millions):


	March 31, 2021				December 31, 2020
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	6,123	$	5,476	$	6,277	$	5,588

Derivatives (Tables)

3 Months Ended

Mar. 31, 2021

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 at the dates indicated (in millions):


		Fair Value of Derivatives
		Assets (Liabilities)
	Balance Sheet Location	March 31, 2021		December 31, 2020
Derivatives designated as effective hedges:
Cash Flow Hedges
Foreign currency contracts	Prepaid expenses and other current assets	$	3	$	1
Foreign currency contracts	Other accrued liabilities	(11)		(19)
Fair Value Hedges
Interest rate swaps	Other assets	5		7

Net Investment Hedges
Cross-currency swaps	Prepaid expenses and other current assets	7		10
Cross-currency swaps	Other noncurrent liabilities	(63)		(102)

Derivatives not designated as effective hedges:
Foreign currency contracts	Prepaid expenses and other current assets	13		10
Foreign currency contracts	Other accrued liabilities	(5)		(17)

Total		$	(51)	$	(110)

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

The following table presents gain and (loss) activity (on a pre-tax basis) related to derivative financial instruments designated or previously designated, as effective hedges (in millions):











		Three Months Ended March 31, 2021				Three Months Ended March 31, 2020
		Gain/(Loss)				Gain/(Loss)
	Location of gain/(loss) recognized in income	Recognized in OCI (effective portion)		Reclassified from AOCL to Income		Recognized in OCI (effective portion)		Reclassified from AOCL to Income
Interest rate swaps	Interest expense, net	$	—	$	(2)	$	—	$	(2)
Foreign currency contracts	Net sales and cost of products sold	3		(2)		35		1

Cross-currency swaps	Other (income) expense, net	36		—		21		—
Total		$	39	$	(4)	$	56	$	(1)

Employee Benefit and Retirement Plans (Tables)

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Schedule Of Company's Pension Cost And Supplemental Retirement Plans

The components of pension and postretirement benefit (income) expense for the periods indicated, are as follows (in millions):


	Pension Benefits
	Three Months Ended March 31,
	U.S.				International
	2021		2020		2021		2020
Service cost	$	—	$	—	$	1	$	1
Interest cost	5		9		2		2
Expected return on plan assets	(12)		(15)		(1)		(2)
Amortization	5		6		1		1
Settlements	—		1		—		—
Total (income) expense	$	(2)	$	1	$	3	$	2


		Postretirement Benefits
	Three Months Ended March 31,
			2021		2020


Amortization			$	(1)	$	(1)

Total income			$	(1)	$	(1)

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

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):


	Three Months Ended March 31,
		2021	2020
Weighted average shares outstanding		424.9	423.8
Share-based payment awards classified as participating securities (1)		—	—
Basic weighted average shares outstanding		424.9	423.8
Dilutive securities (2)		2.7	—
Diluted weighted average shares outstanding		427.6	423.8

(2)The three months ended March 31, 2020 excludes 1.1 million of potentially dilutive share-based awards as their effect would be anti-dilutive.

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Fair Valuation Assumptions for Stock Options

The weighted average assumptions used to determine the fair value of stock options granted for the three months ended March 31, 2021, is as follows:


Risk-free interest rates	0.8	%
Expected volatility	44.2	%
Expected dividend yield	5.1	%
Expected life (in years)	6
Exercise price	$23.79

Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

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

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


	March 31, 2021								December 31, 2020
	Fair value Asset (Liability)								Fair value Asset (Liability)
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivatives:
Assets	$	—	$	28	$	—	$	28	$	—	$	28	$	—	$	28
Liabilities	—		(79)		—		(79)		—		(138)		—		(138)
Investment securities, including mutual funds	9		—		—		9		10		—		—		10

Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Selected information by segment is presented in the following tables (in millions):


	Three Months Ended March 31,
		2021		2020
Net sales (1)
Home Appliances		$	360	$	261
Commercial Solutions		471		413
Home Solutions		504		377
Learning and Development		617		528
Outdoor and Recreation		336		307
		$	2,288	$	1,886

Operating income (loss) (2)
Home Appliances		$	3	$	(299)
Commercial Solutions		50		(272)
Home Solutions		61		(301)
Learning and Development		110		4
Outdoor and Recreation		15		(474)
Corporate		(47)		(66)
		$	192	$	(1,408)

		March 31, 2021		December 31, 2020
Segment assets
Home Appliances		$	902	$	970
Commercial Solutions		2,530		2,529
Home Solutions		3,032		3,087
Learning and Development		4,568		4,663
Outdoor and Recreation		991		988
Corporate		2,317		2,463
		$	14,340	$	14,700

		Three Months Ended March 31, 2020

Impairment of goodwill and indefinite-lived intangibles assets (3)
Home Appliances				$	287
Commercial Solutions				320
Home Solutions				302
Learning and Development				78
Outdoor and Recreation				482
				$	1,469

(1)All intercompany transactions have been eliminated.

Summary of Disaggregation of Revenue by Major Product Grouping Source and Geography

The following tables disaggregates revenue by major product grouping source and geography for the periods indicated (in millions):


	Three Months Ended March 31, 2021
	Home Appliances		Commercial Solutions		Home Solutions		Learning and Development		Outdoor and Recreation		Total
Home Appliances	$	360	$	—	$	—	$	—	$	—	$	360
Commercial	—		380		—		—		—		380
Connected Home Security	—		91		—		—		—		91
Food	—		—		274		—		—		274
Home Fragrance	—		—		230		—		—		230
Baby and Parenting	—		—		—		281		—		281
Writing	—		—		—		336		—		336
Outdoor and Recreation	—		—		—		—		336		336

Total	$	360	$	471	$	504	$	617	$	336	$	2,288

North America	$	195	$	344	$	401	$	426	$	177	$	1,543
International	165		127		103		191		159		745
Total	$	360	$	471	$	504	$	617	$	336	$	2,288

	Three Months Ended March 31, 2020
	Home Appliances		Commercial Solutions		Home Solutions		Learning and Development		Outdoor and Recreation		Total
Home Appliances	$	261	$	—	$	—	$	—	$	—	$	261
Commercial	—		336		—		—		—		336
Connected Home Security	—		77		—		—		—		77
Food	—		—		214		—		—		214
Home Fragrance	—		—		163		—		—		163
Baby and Parenting	—		—		—		244		—		244
Writing	—		—		—		284		—		284
Outdoor and Recreation	—		—		—		—		307		307

Total	$	261	$	413	$	377	$	528	$	307	$	1,886

North America	$	154	$	302	$	297	$	374	$	192	$	1,319
International	107		111		80		154		115		567
Total	$	261	$	413	$	377	$	528	$	307	$	1,886

Basis of Presentation and Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impairment of goodwill, intangibles and other assets	$ 0	$ 1,475
Sale of accounts receivable	400
Increase in sale of accounts receivable	$ 50

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 3,900	$ 4,996
Total other comprehensive loss, net of tax	(34)	(135)
Ending balance	3,861	3,479
Cumulative Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(481)
Other comprehensive income (loss) before reclassifications	(44)
Amounts reclassified to earnings	0
Total other comprehensive loss, net of tax	(44)
Ending balance	(525)
Pension and Postretirement Costs
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(356)
Other comprehensive income (loss) before reclassifications	1
Amounts reclassified to earnings	4
Total other comprehensive loss, net of tax	5
Ending balance	(351)
Derivative Financial Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(43)
Other comprehensive income (loss) before reclassifications	2
Amounts reclassified to earnings	3
Total other comprehensive loss, net of tax	5
Ending balance	(38)
AOCL
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(880)	(920)
Other comprehensive income (loss) before reclassifications	(41)
Amounts reclassified to earnings	7
Total other comprehensive loss, net of tax	(34)
Ending balance	$ (914)	$ (1,055)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121640130&loc=d3e1436-108581

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Accumulated Other Comprehensive Income (Loss) -Reclassifications from AOCL to Results of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss before income taxes	$ 126	$ (1,483)
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss before income taxes	5	6
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss before income taxes	$ 4	$ 1

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Accumulated Other Comprehensive Income (Loss) - Schedule of Income Tax (Provision) Benefit Allocated to Components of OCI (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Foreign currency translation adjustments	$ 12	$ 7
Pension and postretirement benefit costs	1	(3)
Derivative financial instruments	2	9
Income tax provision related to AOCL	$ 15	$ 13

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 11
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Restructuring Costs - Schedule of Restructuring Costs Incurred by Reportable Business Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	$ 5	$ 2
Home Appliances \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	1	0
Home Solutions \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	2	1
Learning and Development \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	1	1
Outdoor and Recreation \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	$ 1	$ 0

Restructuring Costs - Schedule of Accrued Restructuring Costs Activity (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Beginning balance	$ 11
Restructuring costs, net	5	$ 2
Payments	(5)
Ending balance	11
Severance and termination costs
Restructuring Reserve [Roll Forward]
Beginning balance	7
Restructuring costs, net	4
Payments	(4)
Ending balance	7
Contract termination and other costs
Restructuring Reserve [Roll Forward]
Beginning balance	4
Restructuring costs, net	1
Payments	(1)
Ending balance	$ 4

Restructuring Costs - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring costs, net	$ 5	$ 2
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	5	2
2020 Restructuring Plan
Restructuring and Related Activities [Abstract]
Restructuring costs, net	5
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	5
Restructuring cost incurred to date	24
2020 Restructuring Plan \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	30
2020 Restructuring Plan \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	$ 35
Accelerated Transformation Plan (ATP)
Restructuring and Related Activities [Abstract]
Restructuring costs, net		2
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net		$ 2

Inventories - Components of Net Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 269	$ 252
Work-in-process	163	157
Finished products	1,469	1,229
Total inventories	$ 1,901	$ 1,638

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Land	$ 83	$ 86
Buildings and improvements	662	664
Machinery and equipment	2,309	2,314
Property, plant and equipment, gross	3,054	3,064
Less: Accumulated depreciation	(1,903)	(1,888)
Property, plant and equipment, net	$ 1,151	$ 1,176

Property, Plant and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 52	$ 48
Home Solutions
Property, Plant and Equipment [Line Items]
Noncash impairment charge		1
Operating lease impairment loss		$ 5

Goodwill and Other Intangible Assets, Net - Summary of Changes in Goodwill by Reportable Business Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2021
Goodwill [Roll Forward]
Net book value, beginning balance	$ 3,553
Foreign Exchange and Other	(28)
Gross Carrying Amount		$ 8,625
Accumulated Impairment Charges		(5,100)
Net book value, ending balance	3,553	3,525
Home Appliances
Goodwill [Roll Forward]
Net book value, beginning balance	0
Foreign Exchange and Other	0
Gross Carrying Amount		569
Accumulated Impairment Charges		(569)
Net book value, ending balance	0	0
Commercial Solutions
Goodwill [Roll Forward]
Net book value, beginning balance	747
Foreign Exchange and Other	0
Gross Carrying Amount		1,241
Accumulated Impairment Charges		(494)
Net book value, ending balance	747	747
Home Solutions
Goodwill [Roll Forward]
Net book value, beginning balance	164
Foreign Exchange and Other	0
Gross Carrying Amount		2,567
Accumulated Impairment Charges		(2,403)
Net book value, ending balance	164	164
Learning and Development
Goodwill [Roll Forward]
Net book value, beginning balance	2,642
Foreign Exchange and Other	(28)
Gross Carrying Amount		3,460
Accumulated Impairment Charges		(846)
Net book value, ending balance	2,642	2,614
Outdoor and Recreation
Goodwill [Roll Forward]
Net book value, beginning balance	0
Foreign Exchange and Other	0
Gross Carrying Amount		788
Accumulated Impairment Charges		(788)
Net book value, ending balance	$ 0	$ 0

Goodwill and Other Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 34	$ 43
Impairment of indefinite-lived intangible assets		1,257
Home Appliances and Food
Finite-Lived Intangible Assets [Line Items]
Impairment charges		212
Trade Names
Finite-Lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets		$ 1,300

Goodwill and Other Intangible Assets, Net - Schedule of Other Intangible Assets and Related Amortization Periods (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,411	$ 4,439
Accumulated Amortization	(905)	(875)
Net Book Value	3,506	3,564
Trade Names
Intangible Assets [Line Items]
Indefinite life, net book value	2,305	2,331
Trade Names
Intangible Assets [Line Items]
Gross Carrying Amount	154	157
Accumulated Amortization	(56)	(55)
Net Book Value	98	102
Capitalized software
Intangible Assets [Line Items]
Gross Carrying Amount	632	625
Accumulated Amortization	(498)	(486)
Net Book Value	134	139
Patents and intellectual property
Intangible Assets [Line Items]
Gross Carrying Amount	67	67
Accumulated Amortization	(55)	(52)
Net Book Value	12	15
Customer relationships and distributor channels
Intangible Assets [Line Items]
Gross Carrying Amount	1,253	1,259
Accumulated Amortization	(296)	(282)
Net Book Value	$ 957	$ 977

Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net - Impairment of Indefinite-Lived Intangible Assets (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2020 USD ($)
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets	$ 1,257
Home Appliances
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets	87
Commercial Solutions
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets	320
Home Solutions
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets	290
Learning and Development
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets	78
Outdoor and Recreation
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangible assets	$ 482

Other Accrued Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Customer accruals	$ 638	$ 683
Accrued interest expense	125	60
Operating lease liabilities	125	129
Accrued self-insurance liabilities, contingencies and warranty	105	108
Accrued income taxes	81	66
Accruals for marketing and freight expenses	56	57
Other	210	290
Other accrued liabilities	$ 1,340	$ 1,393

Debt - Summary of Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Other debt	$ 16	$ 19
Debt
Total debt	5,492	5,607
Short-term debt and current portion of long-term debt	(357)	(466)
Long-term debt	5,135	5,141
3.15% senior notes due 2021
Debt Instrument [Line Items]
Senior notes	0	94
3.75% senior notes due 2021
Debt Instrument [Line Items]
Senior notes	354	369
4.00% senior notes due 2022
Debt Instrument [Line Items]
Senior notes	250	250
3.85% senior notes due 2023
Debt Instrument [Line Items]
Senior notes	1,085	1,090
4.00% senior notes due 2024
Debt Instrument [Line Items]
Senior notes	200	200
4.875% senior notes due 2025
Debt Instrument [Line Items]
Senior notes	493	492
3.90% senior notes due 2025
Debt Instrument [Line Items]
Senior notes	47	47
4.20% senior notes due 2026
Debt Instrument [Line Items]
Senior notes	1,974	1,973
5.375% senior notes due 2036
Debt Instrument [Line Items]
Senior notes	416	416
5.50% senior notes due 2046
Debt Instrument [Line Items]
Senior notes	$ 657	$ 657

Debt - Summary of Debt (Footnotes) (Detail)	Mar. 31, 2021
3.15% senior notes due 2021
Debt Instrument [Line Items]
Interest rate	3.15%
3.75% senior notes due 2021
Debt Instrument [Line Items]
Interest rate	3.75%
4.00% senior notes due 2022
Debt Instrument [Line Items]
Interest rate	4.00%
3.85% senior notes due 2023
Debt Instrument [Line Items]
Interest rate	3.85%
4.00% senior notes due 2024
Debt Instrument [Line Items]
Interest rate	4.00%
4.875% senior notes due 2025
Debt Instrument [Line Items]
Interest rate	4.875%
3.90% senior notes due 2025
Debt Instrument [Line Items]
Interest rate	3.90%
4.20% senior notes due 2026
Debt Instrument [Line Items]
Interest rate	4.20%
5.375% senior notes due 2036
Debt Instrument [Line Items]
Interest rate	5.375%
5.50% senior notes due 2046
Debt Instrument [Line Items]
Interest rate	5.50%

Debt - Additional Information (Detail) € in Millions		3 Months Ended
Debt - Additional Information (Detail) € in Millions	Mar. 01, 2021	Mar. 31, 2021 USD ($)	Mar. 31, 2021 EUR (€)	Mar. 08, 2020 USD ($)
Debt Instrument [Line Items]
Deferred gain (loss) on net investment hedge recorded in AOCL, net of tax		$ (11,000,000)
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 1,250,000,000
Line of credit		$ 0
3.15% senior notes due 2021
Debt Instrument [Line Items]
Interest rate		3.15%	3.15%
Redemption price percentage	100.00%
3.85% senior notes due 2023
Debt Instrument [Line Items]
Interest rate		3.85%	3.85%
Percentage of principal		5.00%
3.75% senior notes due October 2021
Debt Instrument [Line Items]
Debt instrument, face amount \| €			€ 300
Senior notes \| 3.85% senior notes due 2023
Debt Instrument [Line Items]
Aggregate principal amount of debt repurchased		$ 5,000,000
Repayments of senior debt		$ 5,000,000
Senior notes \| 3.75% senior notes due October 2021
Debt Instrument [Line Items]
Interest rate		3.75%	3.75%
Receivables facilities
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 600,000,000
Line of credit		$ 0

Debt - Schedule of Fair Value of Senior Notes (Detail) - Senior notes - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Fair Value	$ 6,123	$ 6,277
Book Value	$ 5,476	$ 5,588

Derivatives - Additional Information (Detail)	3 Months Ended
Derivatives - Additional Information (Detail)	Mar. 31, 2021 USD ($) swap	Mar. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)
Derivative [Line Items]
Fair value of derivatives, liability	$ 51,000,000		$ 110,000,000
Cash flow hedge gain (loss) to be reclassified within twelve months	(14,000,000)
Derivative instruments not designated as hedging instruments, income (expense), net	7,000,000	$ 12,000,000
4.00% senior notes due 2024
Derivative [Line Items]
Debt instrument, face amount	$ 100,000,000
Interest rate	4.00%
Interest rate swaps
Derivative [Line Items]
Derivative, notional amount	$ 100,000,000
Cross-currency swaps
Derivative [Line Items]
Number of cross currency swaps (in swaps) \| swap	2
Fair value of derivatives, liability	$ 900,000,000
Gain on derivative	4,000,000
Foreign currency contracts
Derivative [Line Items]
Derivative, notional amount	397,000,000
Foreign currency contracts \| Derivatives not designated as effective hedges
Derivative [Line Items]
Derivative, notional amount	879,000,000
Fair value of derivatives, liability	$ 5,000,000		$ 17,000,000

Derivatives - Schedule of Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Fair value of derivatives, liability	$ (51)	$ (110)
Derivatives designated as effective hedges \| Cash flow hedges \| Foreign currency contracts
Derivatives, Fair Value [Line Items]
Fair value of derivatives, asset	3	1
Fair value of derivatives, liability	(11)	(19)
Derivatives designated as effective hedges \| Fair value hedges \| Interest rate swaps
Derivatives, Fair Value [Line Items]
Fair value of derivatives, asset	5	7
Derivatives designated as effective hedges \| Net investment hedge \| Cross-currency swaps
Derivatives, Fair Value [Line Items]
Fair value of derivatives, asset	7	10
Fair value of derivatives, liability	(63)	(102)
Derivatives not designated as effective hedges \| Foreign currency contracts
Derivatives, Fair Value [Line Items]
Fair value of derivatives, asset	13	10
Fair value of derivatives, liability	$ (5)	$ (17)

Derivatives - Schedule of Pretax Effects of Derivative Financial Instruments Designated or Previously Designated as Effective Hedges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI (effective portion)	$ 39	$ 56
Reclassified from AOCL to Income	(4)	(1)
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI (effective portion)	0	0
Reclassified from AOCL to Income	(2)	(2)
Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI (effective portion)	3	35
Reclassified from AOCL to Income	(2)	1
Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI (effective portion)	36	21
Reclassified from AOCL to Income	$ 0	$ 0

Employee Benefit and Retirement Plans - Schedule of Company's Pension Cost And Supplemental Retirement Plans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Pension Benefits \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0
Interest cost	5	9
Expected return on plan assets	(12)	(15)
Amortization	5	6
Settlements	0	1
Total income or expense	(2)	1
Pension Benefits \| International
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1
Interest cost	2	2
Expected return on plan assets	(1)	(2)
Amortization	1	1
Settlements	0	0
Total income or expense	3	2
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Amortization	(1)	(1)
Total income or expense	$ (1)	$ (1)

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
	Jun. 18, 2019	Mar. 31, 2021	Mar. 31, 2020
Income Tax Contingency [Line Items]
Effective income tax rate		29.40%	13.80%
Federal statutory income tax rate		21.00%	21.00%
Tax expense for return to provision adjustment		$ 1
Discrete tax benefit related to the statute of limitations			$ (15)
Tax benefit due to prior period adjustments			(8)
Federal return to provision adjustments			27
Excess tax expense, share-based payment arrangement			7
Tax due to adoption of CARES Act			$ 5
Minimum \| Internal Revenue Service \| 2018 Tax Year
Income Tax Contingency [Line Items]
Unrecognized income tax expense due to change in tax regulations	$ 180
Maximum \| Internal Revenue Service \| 2018 Tax Year
Income Tax Contingency [Line Items]
Unrecognized income tax expense due to change in tax regulations	$ 220

Earnings Per Share - Schedule of Computations of Weighted Average Shares Outstanding (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	424.9	423.8
Share-based payment awards classified as participating securities (in shares)	0.0	0.0
Basic weighted average shares outstanding (in shares)	424.9	423.8
Dilutive securities (in shares)	2.7	0.0
Diluted weighted average shares outstanding (in shares)	427.6	423.8

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Performance Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potentially dilutive restricted share awards excluded from computation of diluted EPS (in shares)	0	700,000
Restricted Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potentially dilutive restricted share awards excluded from computation of diluted EPS (in shares)		1,100,000

Share-Based Compensation - Narrative (Detail) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021 USD ($) shares
Performance based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award grants in period (in shares) \| shares	1.1
Aggregate grant date fair value of stock-based compensation arrangement \| $	$ 27
Share-based awards vesting period	3 years
Time-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award grants in period (in shares) \| shares	0.6
Aggregate grant date fair value of stock-based compensation arrangement \| $	$ 15
Share-based awards vesting period	3 years
Time-based stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award grants in period (in shares) \| shares	2.3
Aggregate grant date fair value of stock-based compensation arrangement \| $	$ 14
Share-based awards vesting period	3 years

Share-Based Compensation - Fair Value Assumptions for Stock Options (Detail) - Employee Stock Option	3 Months Ended
	Mar. 31, 2021 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rates	0.80%
Expected volatility	44.20%
Expected dividend yield	5.10%
Expected life (in years)	6 years
Exercise price (in usd per share)	$ 23.79

Fair Value Disclosures - Summary of Non-Pension Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ (51)	$ (110)
Fair Value Measurements on Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	28	28
Liabilities	(79)	(138)
Investment securities, including mutual funds	9	10
Level 1 \| Fair Value Measurements on Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Investment securities, including mutual funds	9	10
Level 2 \| Fair Value Measurements on Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	28	28
Liabilities	(79)	(138)
Investment securities, including mutual funds	0	0
Level 3 \| Fair Value Measurements on Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Investment securities, including mutual funds	$ 0	$ 0

Fair Value Disclosures - Level 3 Fair Value, Nonrecurring (Detail) $ in Millions	Dec. 01, 2020 USD ($)
Fair Value, Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 135

Segment Information - Additional Information (Detail)	3 Months Ended
Segment Information - Additional Information (Detail)	Mar. 31, 2021 segment
Segment Reporting [Abstract]
Number of primary reportable segments (in segments)	5

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 2,288,000,000	$ 1,886,000,000
Operating income (loss)	192,000,000	(1,408,000,000)
Segment assets	14,340,000,000		$ 14,700,000,000
Impairment of goodwill and indefinite-lived intangible assets	0	1,469,000,000
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(47,000,000)	(66,000,000)
Segment assets	2,317,000,000		2,463,000,000
Home Appliances
Segment Reporting Information [Line Items]
Net sales	360,000,000	261,000,000
Operating income (loss)	3,000,000	(299,000,000)
Segment assets	902,000,000		970,000,000
Impairment of goodwill and indefinite-lived intangible assets		287,000,000
Commercial Solutions
Segment Reporting Information [Line Items]
Net sales	471,000,000	413,000,000
Operating income (loss)	50,000,000	(272,000,000)
Segment assets	2,530,000,000		2,529,000,000
Impairment of goodwill and indefinite-lived intangible assets		320,000,000
Home Solutions
Segment Reporting Information [Line Items]
Net sales	504,000,000	377,000,000
Operating income (loss)	61,000,000	(301,000,000)
Segment assets	3,032,000,000		3,087,000,000
Impairment of goodwill and indefinite-lived intangible assets		302,000,000
Learning and Development
Segment Reporting Information [Line Items]
Net sales	617,000,000	528,000,000
Operating income (loss)	110,000,000	4,000,000
Segment assets	4,568,000,000		4,663,000,000
Impairment of goodwill and indefinite-lived intangible assets		78,000,000
Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	336,000,000	307,000,000
Operating income (loss)	15,000,000	(474,000,000)
Segment assets	$ 991,000,000		$ 988,000,000
Impairment of goodwill and indefinite-lived intangible assets		$ 482,000,000

Segment Information - Summary of Disaggregation of Revenue by Major Product Grouping Source and Geography (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 2,288	$ 1,886
Home Appliances
Segment Reporting Information [Line Items]
Net sales	360	261
Commercial
Segment Reporting Information [Line Items]
Net sales	380	336
Connected Home Security
Segment Reporting Information [Line Items]
Net sales	91	77
Food
Segment Reporting Information [Line Items]
Net sales	274	214
Home Fragrance
Segment Reporting Information [Line Items]
Net sales	230	163
Baby and Parenting
Segment Reporting Information [Line Items]
Net sales	281	244
Writing
Segment Reporting Information [Line Items]
Net sales	336	284
Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	336	307
North America
Segment Reporting Information [Line Items]
Net sales	1,543	1,319
International
Segment Reporting Information [Line Items]
Net sales	745	567
Home Appliances
Segment Reporting Information [Line Items]
Net sales	360	261
Home Appliances \| Home Appliances
Segment Reporting Information [Line Items]
Net sales	360	261
Home Appliances \| Commercial
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| Connected Home Security
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| Food
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| Home Fragrance
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| Baby and Parenting
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| Writing
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	0	0
Home Appliances \| North America
Segment Reporting Information [Line Items]
Net sales	195	154
Home Appliances \| International
Segment Reporting Information [Line Items]
Net sales	165	107
Commercial Solutions
Segment Reporting Information [Line Items]
Net sales	471	413
Commercial Solutions \| Home Appliances
Segment Reporting Information [Line Items]
Net sales	0	0
Commercial Solutions \| Commercial
Segment Reporting Information [Line Items]
Net sales	380	336
Commercial Solutions \| Connected Home Security
Segment Reporting Information [Line Items]
Net sales	91	77
Commercial Solutions \| Food
Segment Reporting Information [Line Items]
Net sales	0	0
Commercial Solutions \| Home Fragrance
Segment Reporting Information [Line Items]
Net sales	0	0
Commercial Solutions \| Baby and Parenting
Segment Reporting Information [Line Items]
Net sales	0	0
Commercial Solutions \| Writing
Segment Reporting Information [Line Items]
Net sales	0	0
Commercial Solutions \| Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	0	0
Commercial Solutions \| North America
Segment Reporting Information [Line Items]
Net sales	344	302
Commercial Solutions \| International
Segment Reporting Information [Line Items]
Net sales	127	111
Home Solutions
Segment Reporting Information [Line Items]
Net sales	504	377
Home Solutions \| Home Appliances
Segment Reporting Information [Line Items]
Net sales	0	0
Home Solutions \| Commercial
Segment Reporting Information [Line Items]
Net sales	0	0
Home Solutions \| Connected Home Security
Segment Reporting Information [Line Items]
Net sales	0	0
Home Solutions \| Food
Segment Reporting Information [Line Items]
Net sales	274	214
Home Solutions \| Home Fragrance
Segment Reporting Information [Line Items]
Net sales	230	163
Home Solutions \| Baby and Parenting
Segment Reporting Information [Line Items]
Net sales	0	0
Home Solutions \| Writing
Segment Reporting Information [Line Items]
Net sales	0	0
Home Solutions \| Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	0	0
Home Solutions \| North America
Segment Reporting Information [Line Items]
Net sales	401	297
Home Solutions \| International
Segment Reporting Information [Line Items]
Net sales	103	80
Learning and Development
Segment Reporting Information [Line Items]
Net sales	617	528
Learning and Development \| Home Appliances
Segment Reporting Information [Line Items]
Net sales	0	0
Learning and Development \| Commercial
Segment Reporting Information [Line Items]
Net sales	0	0
Learning and Development \| Connected Home Security
Segment Reporting Information [Line Items]
Net sales	0	0
Learning and Development \| Food
Segment Reporting Information [Line Items]
Net sales	0	0
Learning and Development \| Home Fragrance
Segment Reporting Information [Line Items]
Net sales	0	0
Learning and Development \| Baby and Parenting
Segment Reporting Information [Line Items]
Net sales	281	244
Learning and Development \| Writing
Segment Reporting Information [Line Items]
Net sales	336	284
Learning and Development \| Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	0	0
Learning and Development \| North America
Segment Reporting Information [Line Items]
Net sales	426	374
Learning and Development \| International
Segment Reporting Information [Line Items]
Net sales	191	154
Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	336	307
Outdoor and Recreation \| Home Appliances
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Commercial
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Connected Home Security
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Food
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Home Fragrance
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Baby and Parenting
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Writing
Segment Reporting Information [Line Items]
Net sales	0	0
Outdoor and Recreation \| Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	336	307
Outdoor and Recreation \| North America
Segment Reporting Information [Line Items]
Net sales	177	192
Outdoor and Recreation \| International
Segment Reporting Information [Line Items]
Net sales	$ 159	$ 115

Litigation and Contingencies - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended
	Sep. 30, 2016 USD ($) entity Recipient	Mar. 31, 2021 USD ($) lawsuit entity Recipient alternative mi	Aug. 07, 2020 USD ($)	Jun. 30, 2018 party	Feb. 28, 2015 USD ($)	Apr. 11, 2014 USD ($)
Loss Contingencies [Line Items]
Number of securities action lawsuits (in lawsuits) \| lawsuit		2
Number of putative class action lawsuits (in lawsuits) \| lawsuit		2
Environmental remediation expense		$ 41.0
Number of general notice letter recipients \| entity		100
Miles of river included in the remedial investigation and feasibility study \| mi		8.3
Number of remediation alternatives \| alternative		4
Number Of PRPs (in recipients) \| Recipient	20
Number of public entities (in entities) \| entity	5
Standby letters of credit outstanding		$ 53.0
Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss		1.0
Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss		$ 2.0
Lower Passaic River Matter
Loss Contingencies [Line Items]
Number of general notice letter recipients involved in remedial investigation and feasibility study \| Recipient		72
Loss contingency estimated period		30 years
Number of parties sued (in parties) \| party				120
Lower Passaic River Matter \| Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss						$ 315.0
Lower Passaic River Matter \| Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss						$ 3,200.0
Lower Passaic River Matter - Preferred Alternative
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss		$ 1,700.0
Lower Passaic River Matter - Preferred Alternative Maintenance Costs
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss		$ 2.0
Lower Passaic River Matter - Alternative Range from Participating Parties
Loss Contingencies [Line Items]
Miles of river included in the remedial investigation and feasibility study \| mi		9
Lower Passaic River Matter - Alternative Range from Participating Parties \| Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss			$ 321.0		$ 28.0
Lower Passaic River Matter - Alternative Range from Participating Parties \| Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss			$ 468.0		$ 2,700.0
Lower Passaic River Matter - Selected Remedy for the Preferred Alternative
Loss Contingencies [Line Items]
Settlement amount	$ 0.3	$ 1,400.0
Lower half of river
Loss Contingencies [Line Items]
Miles of river included in the remedial investigation and feasibility study \| mi		17