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Goodwill and Other Intangible Assets, Net - Schedule of Changes in Goodwill by Reportable Business Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Goodwill [Roll Forward]
Net Book Value, Beginning balance	$ 3,038	$ 3,071
Foreign Currency Exchange	63	(33)
Net Book Value, Ending balance	3,101	3,038
Gross Carrying Amount	8,281	8,218
Accumulated Impairment Charges	(5,180)	(5,180)
Home and Commercial Solutions
Goodwill [Roll Forward]
Net Book Value, Beginning balance	747	747
Foreign Currency Exchange	0	0
Net Book Value, Ending balance	747	747
Gross Carrying Amount	4,052	4,052
Accumulated Impairment Charges	(3,305)	(3,305)
Learning and Development
Goodwill [Roll Forward]
Net Book Value, Beginning balance	2,291	2,324
Foreign Currency Exchange	63	(33)
Net Book Value, Ending balance	2,354	2,291
Gross Carrying Amount	3,441	3,378
Accumulated Impairment Charges	(1,087)	(1,087)
Outdoor and Recreation
Goodwill [Roll Forward]
Net Book Value, Beginning balance	0	0
Foreign Currency Exchange	0	0
Net Book Value, Ending balance	0	0
Gross Carrying Amount	788	788
Accumulated Impairment Charges	$ (788)	$ (788)

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Restructuring - Schedule of Restructuring and Restructuring-related Charges Incurred From Inception (Details) $ in Millions	Dec. 31, 2025 USD ($)
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 186
Restructuring-related costs	94
Total costs	280
Productivity Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	35
Restructuring-related costs	5
Total costs	40
Realignment Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	61
Restructuring-related costs	21
Total costs	82
Network Optimization Project
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	10
Restructuring-related costs	38
Total costs	48
Project Phoenix
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	80
Restructuring-related costs	30
Total costs	110
Severance and termination costs
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	177
Severance and termination costs \| Productivity Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	35
Severance and termination costs \| Realignment Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	58
Severance and termination costs \| Network Optimization Project
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	6
Severance and termination costs \| Project Phoenix
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	78
Contract termination and other costs
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	9
Contract termination and other costs \| Productivity Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	0
Contract termination and other costs \| Realignment Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	3
Contract termination and other costs \| Network Optimization Project
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	4
Contract termination and other costs \| Project Phoenix
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 2

Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Sales of Accounts Receivable

The following table sets forth proceeds received and amount collected from customers and remitted to the financial institution for the years ended December 31, (in millions):


	2025		2024		2023
Proceeds received	$	2,895	$	2,984	$	3,099
Collected from customers and remitted to financial institution	2,889		2,964		3,285

The following table sets forth proceeds received and amount collected from customers and remitted to the financial institution for the years ended December 31, (in millions):


	2025		2024		2023
Proceeds received	$	1,164	$	1,262	$	279
Collected from customers and remitted to financial institution	1,190		1,159		226

Schedule of Supplier Finance Program

The following table sets forth the outstanding payment obligations due to the third-party vendor and activities related to the suppliers who participated in the SF Program for the years ended December 31, (in millions):


	2025		2024
Balance at beginning of period	$	14	$	96
Invoices participating in the SF Program	76		137
Invoices paid to the third-party vendor	(79)		(219)

Balance at end of period	$	11	$	14

Restructuring - Additional Information (Details) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2025 USD ($) employee	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jan. 31, 2026 store
Restructuring Cost and Reserve [Line Items]
Expected period for cash payments after charges are incurred		1 year
Restructuring charges		$ 62	$ 45	$ 95
Restructuring and related cost incurred since inception	$ 280	280
Global Productivity Plan
Restructuring Cost and Reserve [Line Items]
Expected reduction of employees (over) \| employee	900
Restructuring charges	$ 35
Restructuring-related charges	5
Restructuring and related cost incurred since inception	40	40
Global Productivity Plan \| Yankee Candle \| Subsequent Event
Restructuring Cost and Reserve [Line Items]
Number of store closings \| store					20
Global Productivity Plan \| Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	75	75
Global Productivity Plan \| Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	90	90
Organizational Realignment Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges		24	37
Restructuring-related charges		6	15
Restructuring and related cost incurred since inception	82	82
Organizational Realignment Plan \| Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	75	75
Organizational Realignment Plan \| Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	90	90
Network Optimization Project
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	3	7
Restructuring-related charges		4	18	16
Restructuring and related cost incurred since inception	48	48
Network Optimization Project \| Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	37	37
Network Optimization Project \| Minimum \| Employee Severance Payments and Other Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	8	8
Network Optimization Project \| Minimum \| Industrial Site Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	29	29
Network Optimization Project \| Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	49	49
Network Optimization Project \| Maximum \| Employee Severance Payments and Other Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	11	11
Network Optimization Project \| Maximum \| Industrial Site Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	38	38
Project Phoenix
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	2	78
Restructuring-related charges		3	8	19
Restructuring and related cost incurred since inception	110	110
Project Phoenix \| Other charges
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	5	5
Project Phoenix \| Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	100	100
Project Phoenix \| Minimum \| Employee Severance Payments and Other Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	80	80
Project Phoenix \| Minimum \| Office space reductions
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	15	15
Project Phoenix \| Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	130	130
Project Phoenix \| Maximum \| Employee Severance Payments and Other Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	105	105
Project Phoenix \| Maximum \| Office space reductions
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	$ 20	20
Other Restructuring and Restructuring-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		3	3	10
Restructuring-related charges		$ 10	$ 16	$ 64

Income Taxes - Schedule of U.S. Statutory Rate to the Effective Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Tax Effect
U.S. Federal Statutory Rate Provision (Benefit)	$ (63)
U.S. income inclusion on asset transfers	74
Current taxation of foreign earnings (Subpart F)	27
Foreign tax credit	(14)
Other cross-border	8
Research and development credits	(7)
Non-deductible officer compensation	14
Changes in unrecognized benefits	6
Capital loss	(24)
Return to provision	(8)
Surrender of Company-owned life insurance policies	18
Total income tax benefit	$ (16)	$ (44)	$ (155)
Rate Impact
U.S. Federal Statutory Rate Provision (Benefit)	21.00%	21.00%	21.00%
Statutory tax rate difference		9.50%	12.30%
Changes in valuation allowance		(1.50%)	(9.20%)
U.S. income inclusion on asset transfers	(24.60%)
Current taxation of foreign earnings (Subpart F)	(9.00%)
Foreign tax credit	4.70%
Other cross-border	(2.70%)
Research and development credits	2.30%
Non-deductible officer compensation	(4.70%)
Changes in unrecognized benefits	(2.00%)	34.60%	0.00%
Capital loss	8.00%	1.00%	1.40%
Return to provision	2.70%	0.60%	1.50%
Surrender of Company-owned life insurance policies	(6.00%)
State income taxes, net of federal income tax effect		1.40%	5.70%
U.S. foreign inclusions and foreign tax credit		(6.30%)	(2.40%)
Impairments		0.00%	1.00%
Sale of businesses		0.00%	(0.90%)
Reversal of outside basis difference		(0.30%)	11.20%
Non-deductible compensation		(5.40%)	(1.10%)
Other taxes		(7.40%)	(1.80%)
U.S. income inclusions on asset transfers		(28.40%)	(10.10%)
Foreign exchange		0.20%	0.00%
Other tax credits		2.90%	1.80%
Other		(5.00%)	(1.90%)
Effective rate	5.30%	16.90%	28.50%
Tax rate effect of tax examination, amount		$ 64
Tax rate effect of tax examination, percent		24.60%
France
Tax Effect
Statutory tax rate difference	$ (8)
Other	$ 9
Rate Impact
Statutory tax rate difference	2.70%
Other	(3.00%)
Germany
Tax Effect
Effect of changes in tax laws or rate	$ 8
Rate Impact
Effect of changes in tax laws or rate	(2.70%)
Ireland
Tax Effect
Statutory tax rate difference	$ (40)
Other	(4)
Qualified domestic top-up tax	$ 9
Rate Impact
Statutory tax rate difference	13.30%
Other	1.30%
Qualified domestic top-up tax	(3.00%)
Luxembourg
Tax Effect
Other	$ 5
Changes in valuation allowance	$ (14)
Rate Impact
Other	(1.70%)
Changes in valuation allowance	4.70%
Switzerland
Tax Effect
Other	$ (3)
Changes in valuation allowance	(16)
Impairment of investment in subsidiaries	$ (12)
Rate Impact
Other	1.00%
Changes in valuation allowance	5.30%
Impairment of investment in subsidiaries	4.00%
Other foreign jurisdictions
Tax Effect
Statutory tax rate difference	$ 9
Rate Impact
Statutory tax rate difference	(3.00%)
United States
Tax Effect
Other	$ 10
Rate Impact
Other	(3.30%)

Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

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

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


	December 31, 2025				December 31, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total
Derivatives:
Assets	$	—	$	15	$	15	$	—	$	98	$	98
Liabilities	—		(294)		(294)		—		(76)		(76)
Investment securities, including mutual funds	81		—		81		3		—		3

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	10,000,000.0	10,000,000.0
Preferred stock, par value (in USD per share)	$ 1.00	$ 1.00
Preferred stock, shares issued (in shares)	0	0
Common stock, shares authorized (in shares)	800,000,000.0	800,000,000.0
Common stock, par value (in USD per share)	$ 1.00	$ 1.00
Common stock, shares issued (in shares)	447,100,000	442,300,000
Treasury stock, shares (in shares)	27,900,000	26,200,000

Inventories

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories are stated at the lower of cost or net realizable value, with cost generally determined using first-in, first-out method. The Company reduces its inventory value for estimated obsolete and slow-moving inventory in an amount equal to the difference between the cost of inventory and the net realizable value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Inventory costs include direct materials, direct labor and manufacturing overhead, or when finished goods are sourced, the cost is the amount paid to the third party.

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


	2025		2024
Raw materials and supplies	$	165	$	183
Work-in-process	159		155
Finished products	957		1,062
	$	1,281	$	1,400

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications from AOCL to Results of Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pretax (income) expense	$ 301	$ 260	$ 543
Reclassification out of accumulated other comprehensive income \| Cumulative translation adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pretax (income) expense	0	1	11
Reclassification out of accumulated other comprehensive income \| Pension and postretirement costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pretax (income) expense	(1)	(2)	130
Reclassification out of accumulated other comprehensive income \| Derivative financial instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pretax (income) expense	$ 5	$ 13	$ 5

- 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.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Income Taxes - Schedule of Components of Net Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets:
Accruals	$ 168	$ 180
Inventory	58	73
Pension and postretirement benefits	24	34
Net operating losses	326	302
Foreign tax credits	25	16
Capital loss carryforward	32	36
Operating lease liabilities	139	139
Capitalized research and development expenses	102	79
Interest expense carryforward	133	134
Amortizable intangibles	65	16
Financial instruments	57	0
Other	73	82
Total gross deferred tax assets	1,202	1,091
Less valuation allowance	(152)	(171)
Net deferred tax assets after valuation allowance	1,050	920
Deferred tax liabilities:
Accelerated depreciation	(97)	(110)
Operating lease assets	(115)	(122)
Financial instruments	0	(10)
Other	(63)	(50)
Total gross deferred tax liabilities	(275)	(292)
Net deferred tax assets	$ 775	$ 628

Fair Value Disclosures - Additional Information (Details) $ in Millions		3 Months Ended			12 Months Ended
	Dec. 01, 2025 USD ($) tradename	Dec. 31, 2025 USD ($) tradename	Dec. 31, 2024 USD ($) tradename	Dec. 31, 2023 tradename	Dec. 31, 2025 USD ($) tradename	Dec. 01, 2024 USD ($)
Home and Commercial Solutions \| Trade Names
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of indefinite-lived intangible assets \| tradename	2	2	1	2	2
Learning and Development \| Trade Names
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of indefinite-lived intangible assets \| tradename	2	1			1
Level 3 \| Measurement Input, Discount Rate \| Minimum \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill measurement input		0.085			0.085
Intangible asset measurement input		0.085			0.085
Level 3 \| Measurement Input, Discount Rate \| Maximum \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill measurement input		0.110			0.110
Intangible asset measurement input		0.130			0.130
Level 3 \| Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets fair value	$ 295					$ 216
Level 3 \| Fair Value, Measurements, Nonrecurring \| Home and Commercial Solutions \| Trade Names
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets fair value			$ 216
Level 3 \| Fair Value, Measurements, Nonrecurring \| Home and Commercial Solutions \| Trade Names One
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets fair value		$ 188			$ 188
Level 3 \| Fair Value, Measurements, Nonrecurring \| Home and Commercial Solutions \| Trade Names Two
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets fair value		89			89
Level 3 \| Fair Value, Measurements, Nonrecurring \| Learning and Development \| Trade Names
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets fair value		18			18
Level 3 \| Fair Value Measurements on Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value		0	0		0
Liabilities fair value		$ 0	$ 0		$ 0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets:
Cash and cash equivalents	$ 203	$ 198
Accounts receivable, net	987	878
Inventories	1,281	1,400
Prepaid expenses and other current assets	237	299
Total current assets	2,708	2,775
Property, plant and equipment, net	1,209	1,157
Operating lease assets	453	466
Goodwill	3,101	3,038
Other intangible assets, net	1,634	2,008
Deferred income taxes	825	806
Other assets	785	754
Total assets	10,715	11,004
Liabilities:
Accounts payable	931	891
Other accrued liabilities	1,464	1,459
Short-term debt and current portion of long-term debt	130	87
Total current liabilities	2,525	2,437
Long-term debt	4,543	4,508
Deferred income taxes	50	178
Operating lease liabilities	433	418
Other noncurrent liabilities	773	712
Total liabilities	8,324	8,253
Commitments and contingencies (Footnote 17)
Stockholders’ equity:
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at December 31, 2025 and 2024)	0	0
Common stock (800.0 authorized shares, $1.00 par value, 447.1 shares and 442.3 shares issued at December 31, 2025 and 2024, respectively)	447	442
Treasury stock, at cost (27.9 and 26.2 shares at December 31, 2025 and 2024, respectively)	(644)	(634)
Additional paid-in capital	6,805	6,866
Retained deficit	(3,227)	(2,942)
Accumulated other comprehensive loss	(990)	(981)
Total stockholders’ equity	2,391	2,751
Total liabilities and stockholders’ equity	$ 10,715	$ 11,004

Fair Value Disclosures

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Disclosures

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

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

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

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

Recurring Fair Value Measurements

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

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


	December 31, 2025				December 31, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total
Derivatives:
Assets	$	—	$	15	$	15	$	—	$	98	$	98
Liabilities	—		(294)		(294)		—		(76)		(76)
Investment securities, including mutual funds	81		—		81		3		—		3

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. The Company did not have non-pension financial assets and liabilities classified as Level 3 at December 31, 2025 and 2024.

The Company adjusts its pension asset values to fair value on an annual basis (See Footnote 10).

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 non-financial 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. Quantitative 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(including net sales, gross profit and operating expenses), terminal values, discount rates and total enterprise value. Quantitative testing of indefinite-lived intangibles under established guidelines for impairment also requires significant use of judgment and assumptions (such as estimation of future cash flows, royalty rates, terminal values, 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.

At December 1, 2025 and 2024, the Company had indefinite-lived intangible assets classified as Level 3 of the fair value hierarchy, of $295 million and $216 million, respectively, which are measured at fair value on a non-recurring basis. At December 31, 2025 and 2024, intangible assets of certain reporting units are recorded at fair value based upon the Company’s impairment testing. The most significant unobservable inputs (Level 3) used to estimate the fair values of the Company’s reporting unit goodwill and indefinite-lived intangible assets are discount rates, which range from 8.5% to 11.0% for reporting unit goodwill and 8.5% to 13.0% for indefinite-lived intangible assets. During the fourth quarter of 2025, two tradenames within the H&CS segment were measured at fair values of $188 million and $89 million and one tradename within the L&D segment was measured at fair value of $18 million. During the fourth quarter of 2024, one tradename in the H&CS segment was measured at fair value of $216 million. See Footnotes 1 and 6 for further information.

The Company reviews long-lived 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.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (in USD per share)	$ 0.28	$ 0.28	$ 0.44

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (285)	$ (216)	$ (388)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	311	323	334
Impairment of goodwill, intangibles and other assets	346	353	342
(Gain) loss from sale of businesses and investments	(12)	2	(1)
Deferred income taxes	(66)	(114)	(283)
Stock based compensation expense	68	74	50
Pension settlement	0	(1)	126
Loss on extinguishment and modification of debt	13	14	0
Other, net	(10)	(18)	(33)
Changes to operating accounts, excluding the effects of divestitures:
Accounts receivable	(53)	241	67
Inventories	172	70	673
Accounts payable	10	(96)	(50)
Accrued liabilities and other, net	(230)	(136)	93
Net cash provided by operating activities	264	496	930
Cash flows from investing activities:
Capital expenditures	(247)	(259)	(284)
Proceeds from sale of divested businesses and investments	22	14	11
Proceeds from settlement of swaps	31	60	43
Other investing activities, net	30	34	31
Net cash used in investing activities	(164)	(151)	(199)
Cash flows from financing activities:
Proceeds from (payments on) short-term debt, net	90	(91)	(488)
Proceeds from short-term debt with original maturities greater than 90 days	0	431	0
Payments on short-term debt with original maturities greater than 90 days	0	(431)	0
Payments on current portion of long-term debt	(1,282)	(701)	(2)
Net proceeds from issuance of long-term debt	1,235	1,237	0
Payments on long-term debt	0	(750)	0
Debt extinguishment and modification costs	(9)	(14)	(1)
Cash dividends	(120)	(118)	(184)
Equity compensation activity and other, net	(15)	(14)	11
Net cash used in financing activities	(101)	(451)	(664)
Exchange rate effect on cash, cash equivalents and restricted cash	2	(36)	(9)
Increase (decrease) in cash, cash equivalents and restricted cash	1	(142)	58
Cash, cash equivalents and restricted cash at beginning of period	219	361	303
Cash, cash equivalents and restricted cash at end of period	220	219	361
Supplemental disclosures:
Restricted cash at beginning of period	21	29	16
Restricted cash at end of period	17	21	29
Total	137	173	103
Cash paid for interest	$ 354	$ 319	$ 298

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income (Loss) Before Income Taxes

The components of income (loss) before income taxes for the years ended December 31, (in millions):


	2025		2024		2023
Domestic	$	(746)	$	(708)	$	(995)
Foreign	445		448		452
Total	$	(301)	$	(260)	$	(543)

Schedule of Provision for Income Taxes

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


	2025		2024		2023
Current:
Federal	$	(28)	$	(52)	$	56
State	8		10		1
Foreign	70		112		71
Total current	50		70		128
Deferred:
Federal	(32)		(101)		(232)
State	(3)		(15)		(40)
Foreign	(31)		2		(11)
Total deferred	(66)		(114)		(283)
Total income tax benefit	$	(16)	$	(44)	$	(155)

Schedule of Reconciliation of U.S. Statutory Rate to Effective Income Tax Rate

A reconciliation of the U.S. statutory rate to the effective income tax rate on a continuing basis is as follows for the year ended December 31, 2025, in accordance with ASU 2023-09 (See Footnote 1) which was adopted prospectively (in millions):


		Tax Effect		Rate Impact
U.S. Federal Statutory Rate Provision (Benefit)		$	(63)	21.0	%
Foreign Tax Effects:
France	Statutory tax rate difference between France and the U.S.	(8)		2.7
	Other	9		(3.0)
Germany	Effect of changes in tax laws or rate	8		(2.7)
Ireland	Statutory tax rate difference between Ireland and the U.S.	(40)		13.3
	Qualified domestic top-up tax	9		(3.0)
	Other	(4)		1.3
Luxembourg	Changes in valuation allowance	(14)		4.7
	Other	5		(1.7)
Switzerland	Changes in valuation allowance	(16)		5.3
	Impairment of investment in subsidiaries	(12)		4.0
	Other	(3)		1.0
Other foreign jurisdictions	Effect of rates different than statutory	9		(3.0)
Cross-Border Tax Laws:(a)	U.S. income inclusion on asset transfers	74		(24.6)
	Current taxation of foreign earnings (Subpart F)	27		(9.0)
	Foreign tax credit	(14)		4.7
	Other	8		(2.7)
Tax Credits:	Research and development credits	(7)		2.3
Non-taxable/deductible Item:	Officer compensation	14		(4.7)
Changes in unrecognized benefits		6		(2.0)
Other Adjustments:	Capital loss	(24)		8.0
	Return to provision	(8)		2.7
	Surrender of Company-owned life insurance policies	18		(6.0)
	Other (b)	10		(3.3)
Effective Rate		$	(16)	5.3	%

(a)The Company accounts for tax on global intangible low-taxed income (“GILTI”) as a period cost and the effects are included herein.

(b)In 2025, state and local tax expense, net of federal income tax effect, was not material in aggregate or on an individual state basis.

A reconciliation of the U.S. statutory rate to the effective income tax rate on a continuing basis prior to the adoption of ASU 2023-09 (See Footnote 1) is as follows for the years ended December 31:


	2024		2023
Statutory rate	21.0	%	21.0	%
Add (deduct) effect of:
State income taxes, net of federal income tax effect	1.4		5.7
U.S. foreign inclusions and foreign tax credit	(6.3)		(2.4)
Foreign rate differential	9.5		12.3
Change in uncertain tax positions (a)	34.6		—
Change in valuation allowance reserve	(1.5)		(9.2)

Impairments	—		1.0
Sale of businesses	—		(0.9)
Capital loss	1.0		1.4
Reversal of outside basis difference	(0.3)		11.2


Non-deductible compensation	(5.4)		(1.1)
Return to provision	0.6		1.5
Other taxes	(7.4)		(1.8)
U.S. income inclusions on asset transfers	(28.4)		(10.1)
Foreign exchange	0.2		—
Other tax credits	2.9		1.8

Other	(5.0)		(1.9)
Effective rate	16.9	%	28.5	%

(a)Includes $64 million, or 24.6%, income tax benefit as a result of the completion of tax authorities’ examination in the U.S. for the years 2011 to 2015 and Brazil for years 2015 to 2017.

Schedule of Income Taxes Paid, Net of Refunds by Jurisdiction

Income taxes paid, net of refunds by jurisdiction for the year ended December 31, 2025 are as follows (in millions):


Federal (a)	$	34
State (b)	11
Foreign:
Switzerland (c)	26
Ireland	13
United Kingdom	12
Other foreign jurisdictions (d)	41
Total	$	137

(a)Primarily related to the final payment of $31 million for the one-time toll charge incurred in 2017 related to the Tax Credits and Jobs Act.

(b)Comprised of tax payments of $4 million to Wisconsin and various other U.S. states, none of which individually exceeded $2 million.

(c)Final tax payments for settlement with tax authorities related to a prior disposition transaction.

(d)Comprised of tax payments paid to various other foreign jurisdictions, none of which individually exceed $6 million.

Schedule of Components of Net Deferred Tax Assets

Deferred tax assets (liabilities) consist of the following at December 31, (in millions):


	2025		2024
Deferred tax assets:
Accruals	$	168	$	180
Inventory	58		73
Pension and postretirement benefits	24		34
Net operating losses	326		302
Foreign tax credits	25		16
Capital loss carryforward	32		36
Operating lease liabilities	139		139
Capitalized research and development expenses	102		79
Interest expense carryforward	133		134
Amortizable intangibles	65		16
Financial instruments	57		—
Other	73		82
Total gross deferred tax assets	1,202		1,091
Less valuation allowance	(152)		(171)
Net deferred tax assets after valuation allowance	1,050		920
Deferred tax liabilities:
Accelerated depreciation	(97)		(110)


Operating lease assets	(115)		(122)
Financial instruments	—		(10)

Other	(63)		(50)
Total gross deferred tax liabilities	(275)		(292)
Net deferred tax assets	$	775	$	628

The net deferred tax amounts have been classified in the balance sheet at December 31, (in millions):


	2025		2024
Noncurrent deferred tax assets	$	825	$	806
Noncurrent deferred tax liabilities	(50)		(178)
Net deferred tax assets	$	775	$	628

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the changes in gross unrecognized tax benefits periods indicated are as follows (in millions):


	2025		2024		2023
Unrecognized tax benefits, January 1,	$	355	$	463	$	476
Increases (decreases):
Increases in tax positions for prior years	9		5		—
Decreases in tax positions for prior years	(4)		(90)		(19)
Increase in tax positions for the current period	2		5		12
Settlements with taxing authorities	—		(24)		—
Lapse of statute of limitations	(2)		(4)		(6)

Unrecognized tax benefits, December 31,	$	360	$	355	$	463

Other Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Accrued Liabilities, Current [Abstract]
Customer accruals	$ 616	$ 601
Accrued compensation	168	249
Operating lease liabilities	113	110
Accrued income taxes	23	88
Other	544	411
Other accrued liabilities	$ 1,464	$ 1,459

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America (“U.S.”) and include the consolidated accounts of the Company and its majority-owned subsidiaries after elimination of intercompany transactions and balances. The preparation of these consolidated financial statements requires the use of certain estimates and assumptions by management in determining the Company’s assets, liabilities, sales and expenses, and related disclosures. Significant estimates in these Consolidated Financial Statements include restructuring charges, estimates of future cash flows associated with asset impairments, useful lives for depreciation and amortization, loss contingencies (including legal, environmental and product liability reserves), net realizable value of inventories, estimated contract revenue and related variable consideration, capitalized software costs, income taxes, uncertain tax provisions, tax valuation allowances, and pension and postretirement employee benefit liabilities and expenses. Actual results could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year presentation.
Use of Estimates and Risks	Use of Estimates and Risks Management’s application of U.S. GAAP in preparing the Company’s consolidated financial statements requires the pervasive use of estimates and assumptions. The Company continues to be impacted by inflationary pressures, soft global demand, major retailers’ focus on tight control over their inventory levels, fluctuating interest rates and indirect macroeconomic impacts from geopolitical conflicts as well as new tariffs imposed by the current U.S. presidential administration and other countries’ retaliatory actions in response to such tariffs. The Company continues to deploy a mitigation strategy designed to offset the impact of this tariff exposure through a number of actions, including pricing, productivity and in some cases relocation of manufacturing. These collective macroeconomic trends, the duration or severity of which are highly uncertain, are still changing the retail and consumer landscape and continue to negatively impact the Company’s operating results, cash flows and financial condition and are to some degree expected to persist into 2026. As consumers continue to face widespread increases in prices and fluctuating interest rates, their discretionary spending and purchase patterns may continue to be unfavorably impacted. The high level of uncertainty of these factors has resulted in estimates and assumptions that have the potential for more variability and are more subjective. In addition, some of the other inherent estimates and assumptions used in the Company’s forecasted results of operations and cash flows that form the basis of the determination of the fair value of the reporting units for goodwill and indefinite-lived intangible asset impairment testing are outside the control of management, including interest rates, cost of capital, tax rates, tariffs, industry growth, credit ratings, foreign exchange rates and labor inflation. Although management has made its best estimates and assumptions based upon current information, actual results could materially differ given the uncertainty of these factors and may require future changes to such estimates and assumptions, including reserves, which may result in future expense or impairment charges. In addition, the Company has experienced a significant sustained decline in its market capitalization as a result of a decrease in its stock price, resulting in the Company’s market capitalization being less than its consolidated stockholders’ equity. If there are further declines in the Company’s stock price, macroeconomic conditions, or industry and market conditions that may impact the current and forecasted financial performance of each reporting unit, the Company may need to record a non-cash impairment charge, which could be material, in a future period.
Concentration of Credit Risk	Concentration of Credit Risk The Company’s forward exchange contracts generally do not subject the Company to risk due to foreign exchange rate movement, because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. The Company is exposed to credit-related losses in the event of non-performance by counterparties to certain derivative financial instruments. The Company does not obtain collateral or other security to support derivative financial instruments subject to credit risk, but monitors the credit standing of its counterparties.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied or at a point in time, which generally occurs either on shipment or on delivery based on contractual terms, when control is transferred. The Company’s primary performance obligation is the sale and distribution of its consumer and commercial products to its customers. Revenue is measured as the amount of consideration to which it expects to be entitled in exchange for transferring goods or providing services. Certain customers may receive cash and/or non-cash incentives such as cash discounts, returns, credits or reimbursements related to defective products, customer discounts (such as volume or trade discounts), cooperative advertising and other customer-related programs, which are accounted for as variable consideration. In some cases, the Company applies judgment when estimating variable consideration by evaluating contractual rates and historical payment trends. In addition, the Company participates in various programs and arrangements with customers designed to increase the sale of products by these customers. Among the programs negotiated are arrangements under which allowances are earned by customers for attaining agreed-upon sales levels or for participating in specific marketing programs. Coupon programs are also developed on a customer- and territory-specific basis. Under customer programs and arrangements that require sales incentives to be paid in advance, the Company amortizes the amount paid over the period of benefit or contractual sales volume. When incentives are paid in arrears, the Company accrues the estimated amount to be paid based on the program’s contractual terms, expected customer performance and/or estimated sales volume. These estimates are determined using historical customer experience and other factors, which sometimes require significant judgment. Due to the length of time necessary to obtain relevant data from customers, among other factors, actual amounts paid can differ from these estimates. Sales taxes and other similar taxes are excluded from revenue. The Company has elected to account for shipping and handling activities as a fulfillment cost. The Company also elected not to disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed.
Goodwill and Indefinite-Lived Intangibles	Goodwill and Indefinite-Lived Intangibles Goodwill and indefinite-lived intangibles are tested and reviewed for impairment annually during the fourth quarter (on December 1), or more frequently if facts and circumstances warrant. Goodwill Goodwill is tested for impairment at a reporting unit level, and all of the Company’s goodwill is assigned to its reporting units. Reporting units are determined based upon the Company’s organizational structure in place at the date of the goodwill impairment testing and generally are one level below the operating segment level. The Company’s operations are comprised of six reporting units, within its three primary operating segments. The Company has the option of first analyzing qualitative factors to determine whether it is more likely than not that the fair value of any reporting unit is less than its carrying amount. However, the Company may elect to perform a quantitative goodwill impairment test in lieu of the qualitative test. When a qualitative goodwill test is performed, the Company analyzes factors to determine whether it is more likely than not that the fair value of a reporting unit is less than the carrying amount as a basis for determining whether it is necessary to perform the quantitative goodwill impairment test. The evaluation of qualitative factors includes an assessment of relevant facts, events, and circumstances including but not limited to: macroeconomic conditions, industry and market conditions, and the current and forecasted financial performance of the reporting unit. If the qualitative test indicates it is more likely than not that the fair value of a reporting unit is less than the carrying amount the Company performs the quantitative test, which measures the amount of the goodwill impairment, if any. In performing a quantitative assessment, the Company estimates the fair value of each reporting unit by using the income approach. The quantitative goodwill impairment test requires significant use of judgment and assumptions, such as the identification of reporting units; assignment of assets and liabilities to reporting units; and estimation of future cash flows (including net sales, gross profit and operating expenses), terminal values, discount rates and total enterprise value. The income approach used is the discounted cash flow methodology and is based on five-year cash flow projections reflecting the Company’s latest projections which included, among other things, the impact of current and projected financial performance of the reporting unit at the time the Company performed its impairment testing. The cash flows projected are analyzed on a debt-free basis (before cash payments to equity and interest-bearing debt investors) in order to develop an enterprise value from operations for the reporting unit. A provision is made, based on these projections, for the value of the reporting unit at the end of the forecast period, or terminal value. The present value of the finite-period cash flows and the terminal value are determined using a selected discount rate. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. Indefinite-lived intangibles As part of the Company’s annual indefinite-lived intangible asset impairment testing (primarily tradenames), the Company has the option to first analyze qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. The evaluation of qualitative factors includes an assessment of relevant facts, events, and circumstances including but not limited to: macroeconomic conditions, industry and market conditions, and the current and forecasted financial performance. The Company performs a quantitative test when qualitative factors alone are not sufficient to conclude whether it is more likely than not that an indefinite-lived intangible asset is not impaired. If the Company performs a quantitative test, an impairment loss will only be recognized for the amount by which the carrying value of the indefinite-lived intangible asset exceeds its fair value, not to exceed the total carrying value of the asset. The quantitative testing of indefinite-lived intangibles under established guidelines for impairment requires significant use of judgment and assumptions (such as estimation of future cash flows, royalty rates, terminal values and discount rates). An indefinite-lived intangible asset is impaired by the amount by which its carrying value exceeds its estimated fair value. For impairment testing purposes, the fair value of indefinite-lived intangibles is determined using either the relief from royalty method or the excess earnings method. The relief from royalty method estimates the value of a tradename by discounting the hypothetical avoided royalty payments to their present value over the economic life of the asset. The excess earnings method estimates the value of the intangible asset by quantifying the residual (or excess) cash flows generated by the asset and discounts those cash flows to the present. The excess earnings methodology requires the application of contributory asset charges. Contributory asset charges typically include assumed payments for the use of working capital, tangible assets and other intangible assets. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations.
Other Long-Lived Assets	Other Long-Lived Assets The Company continuously evaluates whether impairment indicators related to its property, plant and equipment, operating leases and other long-lived assets are present. These impairment indicators may include a significant decrease in the market price of a long-lived asset or asset group, early termination of an operating lease, a significant adverse change to the extent or manner in which a long-lived asset or asset group is being used or in its physical condition, or a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group. If impairment indicators are present, the Company estimates the future cash flows for the asset or group of assets. The sum of the undiscounted future cash flows attributable to the asset or group of assets is compared to their carrying amount. The cash flows are estimated utilizing various assumptions regarding future sales and expenses, working capital and proceeds from asset disposals on a basis consistent with the Company’s forecasts. If the carrying amount exceeds the sum of the undiscounted future cash flows, the Company discounts the future cash flows using a discount rate required for a similar investment of like risk and records an impairment charge as the difference between the fair value and the carrying value of the asset group. The Company performs its testing of the asset group at the reporting unit level, as this is the lowest level for which identifiable cash flows are available, with the exception of the Yankee Candle business, where testing is performed at the retail store level.
Sales of Accounts Receivable	Generally, for a receivable to be eligible under either program, the Company must have fulfilled its performance obligations and be contractually entitled to payment for such, based on a valid receivable that is not past due at the time of factoring the underlying receivable. The Company accounts for receivables sold to the financial institutions under both factoring agreements as a sale of financial assets and derecognizes the trade receivables from the Company’s Consolidated Balance Sheets. The Company classifies the proceeds received from the sales of accounts receivable to the financial institutions as an operating cash flow and collections of accounts receivables not yet remitted to the financial institutions as financing cash flow in the Consolidated Statements of Cash Flows, and such collections are classified as restricted cash (included in prepaid expenses and other current assets) on the Company’s Consolidated Balance Sheets.
Supplier Finance Program Obligations	Supplier Finance Program Obligations The Company has an arrangement with a third-party vendor which provides a service for the Company’s suppliers, at their sole discretion, to sell their receivables due from the Company to various financial institutions, who at their sole discretion, contract with the third-party vendor to participate in the supplier finance program (the “SF Program”). The Company and its suppliers agree on contractual terms for the goods and services procured, including prices, quantities and payment terms, regardless of whether the supplier elects to participate in the SF Program. The suppliers sell goods or services, as applicable, to the Company and issue the associated invoices to the Company based on the agreed-upon contractual terms. Suppliers that participate in the SF Program, at their sole discretion, determine which invoices, if any, they want to sell to the third-party vendor. The suppliers’ voluntary inclusion of invoices in the SF Program does not change the Company’s existing contractual terms with its suppliers. The Company does not provide any guarantees or collateral under the SF Program, nor does it have any economic interest in a supplier’s decision to participate in the SF Program. Amounts due to suppliers participating in the SF Program are included in accounts payable in the Consolidated Balance Sheets and amounts paid to suppliers participating in the SF Program are classified as operating cash flows in the Consolidated Statements of Cash Flows.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on hand and highly liquid investments that have an original maturity of three months or less when purchased. Restricted cash reflects cash received on previously sold customer receivables in connection with the factoring programs that are required to be remitted to a financial institution. Restricted cash is reported as prepaid expenses and other current assets on the Consolidated Balance Sheets.
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable, net, include amounts billed and due from customers. Payment terms vary but generally are 90 days or less. An allowance for expected credit losses is based on the amount ultimately expected to be collected from the customer. The Company evaluates the collectability of accounts receivable based on a combination of factors including the length of time the receivables are past due, historical collection experience, current market conditions and forecasted direction of economic and business environment. Accounts deemed uncollectible are written off, net of expected recoveries.
Capitalized Software Costs	Capitalized Software Costs The Company capitalizes costs associated with internal-use software during the application development stage after both the preliminary project stage has been completed and the Company’s management has authorized and committed to funding for further project development. Capitalized internal-use software costs include: (i) external direct costs of materials and services consumed in developing or obtaining the software; (ii) payroll and payroll-related costs for employees who are directly associated with and who devote time directly to the project; and (iii) interest costs incurred while developing the software. Capitalization of these costs ceases no later than the point at which the project is substantially complete and ready for its intended purpose. The Company expenses as incurred research and development, general and administrative, and indirect costs associated with internal-use software. In addition, the Company expenses as incurred training, maintenance and other internal-use software costs incurred during the post-implementation stage. Costs associated with upgrades and enhancements of internal-use software are capitalized only if such modifications result in additional functionality of the software. The Company amortizes internal-use software costs using the straight-line method over the estimated useful life of the software. Capitalized software costs are evaluated annually for indicators of impairment, including but not limited to a significant change in available technology or the manner in which the software is being used. Impaired items are written down to their estimated fair values. Capitalized software is included in other intangible assets, net in the Consolidated Balance Sheets. See Footnote 6 for further information. Capitalized implementation costs for certain qualified Software-as-a-Service (“SaaS”) arrangements are also subject to the same accounting criteria described above, when the Company does not own the intellectual property for the software license used in the arrangement. SaaS arrangements are included in prepaid expenses and other current assets and other assets in the Consolidated Balance Sheets. The straight-line amortization of these costs is presented along with the fees related to the hosted cloud computing service in the Consolidated Statements of Operations.
Product Liability Reserves	Product Liability Reserves The Company has a self-insurance program for product liability that includes reserves for self-retained losses and certain excess and aggregate risk transfer insurance. The Company uses historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs in determining required product liability reserves. The Company’s actuarial evaluation methods take into account claims incurred but not reported when determining the Company’s product liability reserve. While the Company believes that it has adequately reserved for these claims, the ultimate outcome of these matters may exceed the amounts recorded by the Company, and such additional losses may be material to the Company’s Consolidated Financial Statements.
Product Warranties	Product Warranties In the normal course of business, the Company offers warranties for a variety of its products. The specific terms and conditions of the warranties vary depending upon the specific product and markets in which the products were sold. The Company accrues for the estimated cost of product warranty at the time of sale based on historical experience.
Advertising Costs	Advertising Costs The Company expenses production costs of print, radio, television and other advertisements as of the first date the advertisements take place, and the Company expenses all other advertising and marketing costs when incurred.
Research and Development Costs	Research and Development Costs Research and development costs relating to both future and current products are charged to SG&A as incurred.
Recent Accounting Pronouncements / Adoption of 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 September 2025, the FASB issued ASU No. 2025-06, “Intangibles—Goodwill and Other—Internal-Use Software.” This ASU establishes targeted enhancements to Subtopic 350-40 improving the operability of the recognition guidance considering different methods of software development. The update is effective for annual reporting periods beginning after December 15, 2027. Early adoption is permitted. Management is currently evaluating the effects this guidance will have on its consolidated financial statements. In September 2025, the FASB issued ASU No. 2025-07, “Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606).” The amendments in the ASU exclude from derivative accounting non-exchange-traded contracts with underlying components that are based on operations or activities specific to one of the parties to the contract. This update is effective for annual reporting periods beginning after December 15, 2026. Early adoption is permitted. Management is currently evaluating the effects this guidance will have on its consolidated financial statements. In November 2024, the FASB issued ASU No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures.” This ASU requires that each interim and annual reporting period, an entity disclose more information about the components of certain expense captions that are currently disclosed in the financial statements. This update is effective for annual reporting periods beginning after December 15, 2026. Early adoption is permitted. Management is currently evaluating the effects this guidance will have on its consolidated financial statements. Adoption of New Accounting Guidance In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The standard requires all entities subject to income taxes to disclose disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The new requirement is effective for annual periods beginning after December 15, 2024. The guidance may be applied on a prospective or retrospective basis. The Company adopted ASU 2023-09 and applied the prospective method. The adoption of ASU 2023-09 did not have a material impact on its consolidated financial statements. See Footnote 11 for further information. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this update require that a public entity disclose on an annual and interim basis significant segment expenses that are regularly provided to the chief operating decision maker (the “CODM”), amount for other segment items by reportable segment and a description of its composition, segment profit and loss and assets, additional measures of segment profit used by the CODM in assessing segment performance and the title and position of the CODM, as well as an explanation of how the CODM uses the reported measures in assessing segment performance and deciding allocation of resources. The Company adopted ASU 2023-07 beginning with its 2024 annual reporting and it did not have a material impact on its consolidated financial statements. See Footnote 16 for further information.
Restructuring	The Company has engaged and expects to continue to engage in restructuring activities, which requires management to utilize significant estimates related to the timing and amount of severance and other employee separation costs for workforce reductions and other separation programs as well as other exit costs associated with restructuring activities. The Company’s accrual for severance and other employee separation costs depends on whether the costs result from an ongoing severance plan or are one-time costs. The Company accounts for relevant expenses as severance costs when there is an established severance policy, statutory requirements dictate the severance amounts, or if the Company’s historical experience is to routinely provide certain benefits to impacted employees. The Company recognizes severance costs when it is probable that benefits will be paid and the amount can be reasonably estimated. The Company estimates one-time severance and other employee costs related to exit and disposal activities not resulting from an ongoing severance plan based on the benefits available to the employees being terminated. The Company recognizes these costs when it identifies the specific classification or functions of the employees being terminated, notifies the employees who might be included in the termination, and expects to terminate employees within the legally required notification period. When employees are receiving incentives to stay beyond the legally required notification period, the Company records the cost of their severance over the remaining service period. All cash payments are expected to be paid within one year of charges being incurred.
Inventories	Inventories are stated at the lower of cost or net realizable value, with cost generally determined using first-in, first-out method. The Company reduces its inventory value for estimated obsolete and slow-moving inventory in an amount equal to the difference between the cost of inventory and the net realizable value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Inventory costs include direct materials, direct labor and manufacturing overhead, or when finished goods are sourced, the cost is the amount paid to the third party.
Property, Plant and Equipment, Net	Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are expensed as incurred. Depreciation expense is calculated principally on the straight-line basis. Useful lives determined by the Company are as follows: buildings and improvements (20 - 40 years) and machinery and equipment (3 - 15 years).
Derivative and Interest Rate Contracts	Derivatives Derivative financial instruments are generally used to manage certain interest rate and foreign currency risks. These instruments, from time to time, may primarily include interest rate swaps, forward starting interest rate swaps and forward exchange contracts. The Company’s forward exchange contracts generally do not subject the Company to exchange rate risk because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. However, these instruments, when settled, impact the Company’s cash flows from operations to the extent the underlying transaction being hedged is not simultaneously settled due to an extension, a renewal or otherwise. On the date when the Company enters into a derivative, the derivative is designated as a hedge of the identified exposure. The Company measures effectiveness of its hedging relationships both at hedge inception and on an ongoing basis. 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 settlement of interest rate swaps is included in interest expense, net in the Consolidated Statements of Operations.
Foreign Currency Operations	Foreign Currency Operations Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the rates of exchange in effect at year-end. The related translation adjustments are made directly to AOCL. Income and expenses are translated at the average monthly rates of exchange in effect during the year. Foreign currency transaction gains and losses are included in the results of operations and are generally classified in other expense, net, in the Consolidated Statements of Operations. The Company designates certain foreign currency denominated, long-term intercompany financing transactions as being of a long-term investment nature and records gains and losses on the transactions arising from changes in exchange rates as translation adjustments.
Pensions and Postretirement Benefits	The Company and its subsidiaries have noncontributory pension, profit sharing and contributory 401(k) plans covering substantially all of their international and domestic employees. Pension plan benefits are generally based on years of service and/or compensation. The Company’s funding policy is to contribute not less than the minimum amounts required by the Employee Retirement Income Security Act of 1974, as amended, the Internal Revenue Code of 1986, as amended, or foreign statutes to ensure that plan assets will be adequate to provide retirement benefits. The funded status of the Company’s defined benefit pension plans and postretirement benefit plans is recognized in the Consolidated Balance Sheets. The funded status is measured as the difference between the fair value of plan assets and the benefit obligation at December 31, the measurement date. For defined benefit pension and postretirement benefit plans, the benefit obligation is the projected benefit obligation (“PBO”), which represents the actuarial present value of benefits expected to be paid upon retirement based on employee services already rendered and estimated future compensation levels. The fair value of plan assets represents the current market value of assets held for the sole benefit of participants. Over funded plans, with the fair value of plan assets exceeding the benefit obligation, are aggregated and recorded as a prepaid pension asset equal to this excess. Underfunded plans, with the benefit obligation exceeding the fair value of plan assets, are aggregated and recorded as a retirement and postretirement benefit obligation equal to this excess. The current portion of the retirement and postretirement benefit obligations represents the actuarial present value of benefits payable in the next 12 months exceeding the fair value of plan assets, measured on a plan-by-plan basis. This obligation is recorded in other accrued liabilities in the Consolidated Balance Sheets. Net periodic pension and postretirement benefit cost/(income) is recorded in the Consolidated Statements of Operations and includes service cost, interest cost, expected return on plan assets, amortization of prior service costs/(credits) and (gains)/losses previously recognized as a component of AOCL and amortization of the net transition asset remaining in AOCL. The service cost component of net benefit cost is recorded in cost of products sold and SG&A in the Consolidated Statements of Operations (unless eligible for capitalization) based on the employees’ respective functions. The other components of net benefit cost are presented separately from service cost within other expense, net in the Consolidated Statements of Operations.(Gains)/losses and prior service costs/(credits) are recognized as a component of OCL in the Consolidated Statements of Comprehensive Income (Loss) as they arise. Those (gains)/losses and prior service costs/(credits) are subsequently recognized as a component of net periodic cost/(income) pursuant to the recognition and amortization provisions of applicable accounting guidance. (Gains)/losses arise as a result of differences between actual experience and assumptions or as a result of changes in actuarial assumptions. Prior service costs/(credits) represent the cost of benefit changes attributable to prior service granted in plan amendments. The measurement of benefit obligations and net periodic cost/(income) is based on estimates and assumptions approved by the Company’s management. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age and years of service, as well as certain assumptions, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates.
Leases	The Company recognizes a right of use (“ROU”) asset and a liability for all leases whose term is more than 12 months at the lease inception date. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term, which includes any extension the Company reasonably expects to exercise. The Company assesses whether certain service arrangements contain embedded leases where the contract conveys the right to use an asset but is not explicitly identified as a lease arrangement; examples include information technology, third-party logistics and original equipment manufacturers. The Company uses incremental borrowing rates, updated quarterly, that reflect its own external unsecured borrowing rates that are risk-adjusted to approximate secured borrowing rates over similar terms. For certain non-real estate leases, the portfolio approach is used. The Company also has lease agreements with lease and non-lease components, which are accounted for as a single lease component. Operating lease expense is recognized on a straight-line basis over the lease term. Operating lease assets and operating lease liabilities are reported as separate lines in the Consolidated Balance Sheets. The current portion of operating lease liabilities is reported in other accrued liabilities in the Consolidated Balance Sheets. For finance leases, lease payments are allocated between interest expense and reduction of the liability in accordance with an amortization schedule. The corresponding asset is amortized on a straight-line basis over the lease term. Assets acquired under finance leases are reported in property, plant and equipment, net in the Consolidated Balance Sheets. The Company did not have finance leases at December 31, 2025 and 2024. The depreciable life of leasehold improvements and other lease-related assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.
Share-Based Compensation	Stock-based compensation expense is adjusted for estimated forfeitures and is recognized on a straight-line basis over the requisite service period of the award, which is generally three years for stock options and one to three years for time-based and performance-based restricted stock units. The Company estimates future forfeiture rates based on its historical experience.
Fair Value Measurement	Accounting principles generally accepted in the U.S. define fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

Share-Based Compensation - Schedule of Total Unrecognized Compensation Cost Related to Stock-based Compensation (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 50
Weighted Average Period of Expense Recognition (in years)	1 year
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 49
Weighted Average Period of Expense Recognition (in years)	1 year
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 1
Weighted Average Period of Expense Recognition (in years)	1 year

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
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+ Details

Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

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


	2025		2024
Land	$	68	$	65
Buildings and improvements	543		522
Machinery and equipment	1,642		2,392
	2,253		2,979
Less: Accumulated depreciation	(1,044)		(1,822)
	$	1,209	$	1,157

Leases - Schedule of Consolidated Balance Sheet Related to Leases (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets
Operating leases	$ 453	$ 466
Current
Operating leases	$ 113	$ 110
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Noncurrent
Operating leases	$ 433	$ 418
Total lease liabilities	$ 546	$ 528

Cover Page - USD ($) shares in Millions, $ in Billions	12 Months Ended
Cover Page - USD ($) shares in Millions, $ in Billions	Dec. 31, 2025	Feb. 09, 2026	Jun. 30, 2025
Cover Page [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
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	5 Concourse Parkway NE, 8th Floor
Entity Address, Postal Zip Code	30328
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction Flag	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		419.2
Entity Public Float			$ 2.2
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement for its Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Entity Central Index Key	0000814453
Document Transition Report	false
Document Annual Report	true

Debt - Schedule of Fair Value of Senior Notes (Details) - Senior notes - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Fair Value	$ 4,493	$ 4,624
Book Value	$ 4,541	$ 4,553

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Restructuring - Schedule of Restructuring and Restructuring-related Charges Incurred Since Inception by Reportable Business Segment (Details) $ in Millions	Dec. 31, 2025 USD ($)
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 186
Restructuring-related costs	94
Total costs	280
Operating Segments \| Home and Commercial Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	54
Restructuring-related costs	47
Total costs	101
Operating Segments \| Learning and Development
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	30
Restructuring-related costs	2
Total costs	32
Operating Segments \| Outdoor and Recreation
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	18
Restructuring-related costs	10
Total costs	28
Corporate
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	84
Restructuring-related costs	35
Total costs	$ 119

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Restructuring (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Restructuring-Related Charges

Restructuring charges, net and restructuring-related charges incurred from inception for the Productivity Plan, Realignment Plan, Network Optimization Project and Project Phoenix (collectively, the “Plans”) were as follows (in millions):


	Severance and termination costs		Contract termination and other costs		Total restructuring costs		Restructuring-related costs		Total costs
Productivity Plan	$	35	$	—	$	35	$	5	$	40
Realignment Plan	58		3		61		21		82
Network Optimization Project	6		4		10		38		48
Project Phoenix	78		2		80		30		110
	$	177	$	9	$	186	$	94	$	280

Restructuring charges, net and restructuring-related charges incurred by reportable business segment in connection with the Plans, since inceptions were as follows (in millions):


	Total restructuring costs		Restructuring-related costs		Total costs
Home and Commercial Solutions	$	54	$	47	$	101
Learning and Development	30		2		32
Outdoor and Recreation	18		10		28
Corporate	84		35		119
	$	186	$	94	$	280

Restructuring costs incurred by reportable business segment for all restructuring activities for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Home and Commercial Solutions	$	3	$	9	$	50
Learning and Development	5		14		18
Outdoor and Recreation	3		4		11
Corporate	51		18		16
	$	62	$	45	$	95

Schedule of Accrued Restructuring Costs Activity

Accrued restructuring costs activity for the year ended December 31, 2025 are as follows (in millions):


	Balance at December 31, 2024		Restructuring Costs, Net		Payments		Foreign Currency and Other		Balance at December 31, 2025
Severance and termination costs	$	12	$	60	$	(36)	$	(2)	$	34
Contract termination and other costs	—		2		(2)		—		—
	$	12	$	62	$	(38)	$	(2)	$	34

Accrued restructuring costs activity for the year ended December 31, 2024 are as follows (in millions):


	Balance at December 31, 2023		Restructuring Costs, Net		Payments		Balance at December 31, 2024
Severance and termination costs	$	30	$	40	$	(58)	$	12
Contract termination and other costs	—		5		(5)		—
	$	30	$	45	$	(63)	$	12

Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are expensed as incurred. Depreciation expense is calculated principally on the straight-line basis. Useful lives determined by the Company are as follows: buildings and improvements (20 - 40 years) and machinery and equipment (3 - 15 years).

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


	2025		2024
Land	$	68	$	65
Buildings and improvements	543		522
Machinery and equipment	1,642		2,392
	2,253		2,979
Less: Accumulated depreciation	(1,044)		(1,822)
	$	1,209	$	1,157

The Company wrote-off $940 million of fully depreciated property, plant and equipment (including the accumulated depreciation associated with those assets), net book value of zero, as of December 31, 2025. The write-off did not affect the Company’s Consolidated Balance Sheet, Statement of Operations, Statement of Cash Flows, or Statement of Stockholders’ Equity.

Depreciation expense was $186 million, $188 million and $225 million in 2025, 2024 and 2023, respectively.

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The components of income (loss) before income taxes for the years ended December 31, (in millions):


	2025		2024		2023
Domestic	$	(746)	$	(708)	$	(995)
Foreign	445		448		452
Total	$	(301)	$	(260)	$	(543)

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


	2025		2024		2023
Current:
Federal	$	(28)	$	(52)	$	56
State	8		10		1
Foreign	70		112		71
Total current	50		70		128
Deferred:
Federal	(32)		(101)		(232)
State	(3)		(15)		(40)
Foreign	(31)		2		(11)
Total deferred	(66)		(114)		(283)
Total income tax benefit	$	(16)	$	(44)	$	(155)


		Tax Effect		Rate Impact
U.S. Federal Statutory Rate Provision (Benefit)		$	(63)	21.0	%
Foreign Tax Effects:
France	Statutory tax rate difference between France and the U.S.	(8)		2.7
	Other	9		(3.0)
Germany	Effect of changes in tax laws or rate	8		(2.7)
Ireland	Statutory tax rate difference between Ireland and the U.S.	(40)		13.3
	Qualified domestic top-up tax	9		(3.0)
	Other	(4)		1.3
Luxembourg	Changes in valuation allowance	(14)		4.7
	Other	5		(1.7)
Switzerland	Changes in valuation allowance	(16)		5.3
	Impairment of investment in subsidiaries	(12)		4.0
	Other	(3)		1.0
Other foreign jurisdictions	Effect of rates different than statutory	9		(3.0)
Cross-Border Tax Laws:(a)	U.S. income inclusion on asset transfers	74		(24.6)
	Current taxation of foreign earnings (Subpart F)	27		(9.0)
	Foreign tax credit	(14)		4.7
	Other	8		(2.7)
Tax Credits:	Research and development credits	(7)		2.3
Non-taxable/deductible Item:	Officer compensation	14		(4.7)
Changes in unrecognized benefits		6		(2.0)
Other Adjustments:	Capital loss	(24)		8.0
	Return to provision	(8)		2.7
	Surrender of Company-owned life insurance policies	18		(6.0)
	Other (b)	10		(3.3)
Effective Rate		$	(16)	5.3	%

(a)The Company accounts for tax on global intangible low-taxed income (“GILTI”) as a period cost and the effects are included herein.

(b)In 2025, state and local tax expense, net of federal income tax effect, was not material in aggregate or on an individual state basis.

A reconciliation of the U.S. statutory rate to the effective income tax rate on a continuing basis prior to the adoption of ASU 2023-09 (See Footnote 1) is as follows for the years ended December 31:


	2024		2023
Statutory rate	21.0	%	21.0	%
Add (deduct) effect of:
State income taxes, net of federal income tax effect	1.4		5.7
U.S. foreign inclusions and foreign tax credit	(6.3)		(2.4)
Foreign rate differential	9.5		12.3
Change in uncertain tax positions (a)	34.6		—
Change in valuation allowance reserve	(1.5)		(9.2)

Impairments	—		1.0
Sale of businesses	—		(0.9)
Capital loss	1.0		1.4
Reversal of outside basis difference	(0.3)		11.2


Non-deductible compensation	(5.4)		(1.1)
Return to provision	0.6		1.5
Other taxes	(7.4)		(1.8)
U.S. income inclusions on asset transfers	(28.4)		(10.1)
Foreign exchange	0.2		—
Other tax credits	2.9		1.8

Other	(5.0)		(1.9)
Effective rate	16.9	%	28.5	%

(a)Includes $64 million, or 24.6%, income tax benefit as a result of the completion of tax authorities’ examination in the U.S. for the years 2011 to 2015 and Brazil for years 2015 to 2017.

At December 31, 2025, the Company has accumulated unremitted earnings generated by our foreign subsidiaries of approximately $4.40 billion. A portion of these earnings were previously subject to U.S. federal taxation via various U.S. foreign inclusion provisions. The Company does not assert indefinite reinvestment on a portion of its unremitted earnings of certain foreign subsidiaries as of December 31, 2025 and recognized deferred income taxes of approximately $9 million, primarily related to the future withholding tax effects of those unremitted foreign earnings. With respect to unremitted earnings of $4.40 billion and any other additional outside basis differences where the Company is continuing to assert indefinite reinvestment, any future reversals could be subject to additional foreign withholding taxes, U.S. state taxes and certain tax impacts relating to foreign currency exchange effects on any future repatriations of the unremitted earnings. The determination of any unrecognized deferred tax liabilities on the amount of unremitted earnings and other outside basis differences where the Company is asserting indefinite reinvestment is not practicable.

Income taxes paid, net of refunds by jurisdiction for the year ended December 31, 2025 are as follows (in millions):


Federal (a)	$	34
State (b)	11
Foreign:
Switzerland (c)	26
Ireland	13
United Kingdom	12
Other foreign jurisdictions (d)	41
Total	$	137

(a)Primarily related to the final payment of $31 million for the one-time toll charge incurred in 2017 related to the Tax Credits and Jobs Act.

(b)Comprised of tax payments of $4 million to Wisconsin and various other U.S. states, none of which individually exceeded $2 million.

(c)Final tax payments for settlement with tax authorities related to a prior disposition transaction.

(d)Comprised of tax payments paid to various other foreign jurisdictions, none of which individually exceed $6 million.

Deferred tax assets (liabilities) consist of the following at December 31, (in millions):


	2025		2024
Deferred tax assets:
Accruals	$	168	$	180
Inventory	58		73
Pension and postretirement benefits	24		34
Net operating losses	326		302
Foreign tax credits	25		16
Capital loss carryforward	32		36
Operating lease liabilities	139		139
Capitalized research and development expenses	102		79
Interest expense carryforward	133		134
Amortizable intangibles	65		16
Financial instruments	57		—
Other	73		82
Total gross deferred tax assets	1,202		1,091
Less valuation allowance	(152)		(171)
Net deferred tax assets after valuation allowance	1,050		920
Deferred tax liabilities:
Accelerated depreciation	(97)		(110)


Operating lease assets	(115)		(122)
Financial instruments	—		(10)

Other	(63)		(50)
Total gross deferred tax liabilities	(275)		(292)
Net deferred tax assets	$	775	$	628

The net deferred tax amounts have been classified in the balance sheet at December 31, (in millions):


	2025		2024
Noncurrent deferred tax assets	$	825	$	806
Noncurrent deferred tax liabilities	(50)		(178)
Net deferred tax assets	$	775	$	628

At December 31, 2025, the Company has net operating losses (“NOLs”) of approximately $1.31 billion, which comprise of $149 million in the U.S. and $1.16 billion outside of the U.S. Approximately $848 million of these NOLs do not expire and approximately $465 million expire between 2026 and 2045. At December 31, 2025, the Company has approximately $1.90 billion of post-apportioned state NOLs of which $277 million do not expire and $1.60 billion expire between 2026 and 2045.

The Company has U.S. foreign tax credits of $25 million which expire between 2028 and 2035. The Company has approximately $103 million of U.S. capital loss carryforwards of which approximately $10 million were generated at December 31, 2024 and $93 million were generated at December 31, 2025. These U.S. capital loss carryforwards can be carried back three years and carried forward five years. The Company has approximately $103 million of post-apportioned state capital loss carryforwards of which $25 million was generated at December 31, 2018, $38 million was generated at December 31, 2020, $14 million was generated at December 31, 2021, $4 million was generated at December 31, 2022, $3 million was generated at December 31, 2024 and $19 million was generated at December 31, 2025. Of these post-apportioned state capital loss carryforwards, $26 million can be carried back three years and carried forward five years, and $77 million can be carried forward five years.

The Company had a noncurrent income tax receivable (see subsequent discussion) of $352 million and $311 million as of December 31, 2025 and 2024, respectively and a noncurrent income tax payable of $13 million as of December 31, 2025.

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

At December 31, 2025, the Company has a valuation allowance recorded against certain deferred tax assets, primarily state and foreign NOLs, foreign capital losses and U.S. foreign tax credits, which the Company believes do not meet the more likely than not threshold to be realized due to uncertainty of future taxable income within the applicable tax jurisdictions. A valuation allowance of $152 million and $171 million was recorded against certain deferred tax asset balances at December 31, 2025 and 2024, respectively. For 2025, the Company recorded a net valuation allowance decrease of $19 million, primarily related to profitability and expected utilization of NOLs in Luxembourg, Switzerland, and China, the write-off of NOLs and corresponding valuation allowances due to liquidation of various subsidiaries in Canada, Netherlands and Russia, netted with recording additional valuation allowances related to other miscellaneous changes in the U.S., state and non-U.S. related to ongoing operations. For 2024, the Company recorded a net valuation allowance decrease of $13 million, primarily related to the utilization of NOLs in Argentina due to improved ongoing operations, the write-off of NOLs, capital losses and corresponding valuation allowances due to liquidation of various subsidiaries in Canada, Luxembourg and Hong Kong, netted with recording additional valuation allowances due to excess interest expense in Luxembourg, as well as other miscellaneous changes in the U.S., state and non-U.S. valuation allowances related to ongoing operations.

The following table summarizes the changes in gross unrecognized tax benefits periods indicated are as follows (in millions):


	2025		2024		2023
Unrecognized tax benefits, January 1,	$	355	$	463	$	476
Increases (decreases):
Increases in tax positions for prior years	9		5		—
Decreases in tax positions for prior years	(4)		(90)		(19)
Increase in tax positions for the current period	2		5		12
Settlements with taxing authorities	—		(24)		—
Lapse of statute of limitations	(2)		(4)		(6)

Unrecognized tax benefits, December 31,	$	360	$	355	$	463

If recognized, $325 million, $316 million and $387 million of unrecognized tax benefits at December 31, 2025, 2024 and 2023, respectively, would affect the effective tax rate. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense. During 2025 and 2023, the Company recognized an income tax benefit on interest and penalties of $8 million and $9 million, respectively, due to the accrual of current year interest on existing positions and offset by the resolution of certain tax contingencies. During 2024, the Company recognized income tax benefit on interest and penalties of $12 million due to the effective settlement of various tax positions under examination by the Internal Revenue Service (“IRS”) and offset by the accrual of current year interest on existing positions.

The Company files numerous consolidated and separate income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The statute of limitations for the Company’s U.S. federal income tax returns has expired for years prior to 2011 and for 2016. With few exceptions, the Company is no longer subject to other income tax examinations for years before 2016. In the normal course of business, the Company is subject to audits by worldwide taxing authorities regarding various tax liabilities. The Company’s U.S. federal income tax returns for 2017 to 2020, as well as certain state and non-U.S. income tax returns for various years, are under examination.

Other

In April 2025, the Company paid $31 million of tax for the one-time toll charge incurred in 2017 related to the Tax Credits and Jobs Act, due to the IRS having not yet processed the amended 2017 return, which the Company filed during the year ended December 31, 2022. This resulted in an increase to the Company’s noncurrent income tax receivable.

In June 2025, the Company filed its amended 2019 U.S. federal income tax return to carry back capital losses generated in 2020. This resulted in an increase in income tax expense of $3 million and an aggregate increase in noncurrent income taxes receivable of $10 million, and an increase in deferred tax liabilities of approximately $13 million.

In May 2024, the Company received a Statutory Notice of Deficiency (“Notice”) from the IRS for the tax years 2011 to 2015. The Company agreed to certain adjustments raised by the IRS in the Notice. Accordingly, the Company has concluded that various income tax positions taken by the Company have been effectively settled, with the exception of the matter the Company intends to dispute as further described hereafter.

On July 19, 2024, the Company filed a petition in the U.S. Tax Court disputing the proposed assessment of $80 million in additional taxes plus $34 million in penalties plus the additional interest calculated upon final settlement related to the transfer pricing of services performed by certain of the Company’s foreign affiliates for the tax years 2011 to 2015. The Company believes that adequate amounts have been reserved for any adjustments that may ultimately result. If the IRS prevails in the assessment of additional tax, interest and penalties in excess of the Company’s current reserves, such outcome could have a material adverse effect on the Company’s financial position and results.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Restructuring - Schedule of Accrued Restructuring Costs Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Reserve [Roll Forward]
Beginning balance	$ 12	$ 30
Restructuring Costs, Net	62	45	$ 95
Payments	(38)	(63)
Foreign Currency and Other	(2)
Ending balance	34	12	30
Severance and termination costs
Restructuring Reserve [Roll Forward]
Beginning balance	12	30
Restructuring Costs, Net	60	40
Payments	(36)	(58)
Foreign Currency and Other	(2)
Ending balance	34	12	30
Contract termination and other costs
Restructuring Reserve [Roll Forward]
Beginning balance	0	0
Restructuring Costs, Net	2	5
Payments	(2)	(5)
Foreign Currency and Other	0
Ending balance	$ 0	$ 0	$ 0

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

Litigation and Contingencies (Details) $ in Millions		1 Months Ended		12 Months Ended
Litigation and Contingencies (Details) $ in Millions	Feb. 06, 2026 claim	Jun. 30, 2018 party defendant	Sep. 30, 2017 recipient	Dec. 31, 2025 USD ($) unit entity	Sep. 30, 2025 entity
Loss Contingencies [Line Items]
Environmental remediation costs, estimate				$ 35
Number of general notice letter recipients \| entity				100
Number of operable units \| unit				4
Number of parties sued (in parties) \| party		100
Number of defendants \| defendant		42
Amount accrued related to recall				$ 11
Standby letters of credit outstanding				49
Occidental Chemical Company, LLC
Loss Contingencies [Line Items]
Number of entities created in divisional merger \| entity					2
Subsequent Event
Loss Contingencies [Line Items]
Number of new claims filed \| claim	35
Lower Passaic River Matter Selected Remedy for Preferred Alternative
Loss Contingencies [Line Items]
Settlement amount				$ 1,800
Lower Passaic River Matter
Loss Contingencies [Line Items]
Number of general notice letter recipients involved in remedial investigation and feasibility study \| recipient			80

Derivatives and Foreign Currency Operations - Schedule of Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities)	$ (279)	$ 22
Fair Value Measurements on Recurring Basis
Derivatives, Fair Value [Line Items]
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other accrued liabilities, Other noncurrent liabilities
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets, Prepaid expenses and other current assets
Derivatives designated as effective hedges: \| Cash Flow Hedges \| Foreign currency contracts \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 2	9
Derivatives designated as effective hedges: \| Cash Flow Hedges \| Foreign currency contracts \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(4)	(1)
Derivatives designated as effective hedges: \| Fair Value Hedges \| Interest rate swaps \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(2)	(7)
Derivatives designated as effective hedges: \| Fair Value Hedges \| Interest rate swaps \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(4)	(23)
Derivatives designated as effective hedges: \| Net Investment Hedges \| Cross-currency swaps \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	11	30
Derivatives designated as effective hedges: \| Net Investment Hedges \| Cross-currency swaps \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(62)	0
Derivatives designated as effective hedges: \| Net Investment Hedges \| Cross-currency swaps \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(192)	(41)
Derivatives designated as effective hedges: \| Net Investment Hedges \| Cross-currency swaps \| Other assets
Derivatives, Fair Value [Line Items]
Derivative assets	0	38
Derivatives not designated as effective hedges: \| Foreign currency contracts \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	2	21
Derivatives not designated as effective hedges: \| Foreign currency contracts \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ (30)	$ (4)

Income Taxes - Schedule of Income Taxes Paid, Net of Refunds by Jurisdiction (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]
Federal		$ 34
State		11
Total		137	$ 173	$ 103
Tax Year 2017
Income Tax Paid, by Individual Jurisdiction [Line Items]
Federal	$ 31	31
Switzerland
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign		26
Ireland
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign		13
United Kingdom
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign		12
Other foreign jurisdictions
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign		41
Amount by which tax payments for individual jurisdictions did not exceed		6
State
Income Tax Paid, by Individual Jurisdiction [Line Items]
Amount by which tax payments for individual jurisdictions did not exceed		2
Wisconsin
Income Tax Paid, by Individual Jurisdiction [Line Items]
State		$ 4

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Condensed Consolidated Balance Sheet Information, Leases

Supplemental consolidated balance sheet information for leases at December 31, is as follows (in millions):


	Classification	2025		2024
Assets
Operating leases	Operating lease assets	$	453	$	466

Total lease assets		$	453	$	466

Liabilities
Current
Operating leases	Other accrued liabilities	$	113	$	110

Noncurrent
Operating leases	Operating lease liabilities	433		418

Total lease liabilities		$	546	$	528

Schedule of Lease Costs, Terms, Discount Rates and Supplemental Cash Flow Information

Components of lease expense for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Operating lease cost:
Operating lease cost (a)	$	156	$	161	$	172
Variable lease costs (b)	19		22		24
Finance lease cost:
Amortization of leased assets	—		—		1

(a)Includes short-term leases, which are immaterial.

(b)Consists primarily of additional payments for non-lease components, such as maintenance costs, payments of taxes and additional rent based on a level of the Company’s retail store sales.

Remaining lease term and discount rates for operating leases at December 31, are as follows:


	2025	2024
Weighted-average remaining lease term (years)	7	7
Weighted-average discount rate	5.4%	5.1%

Supplemental cash flow information related to leases for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	156	$	158	$	162



Right of use assets obtained in exchange for lease liabilities:
Operating leases	62		76		46

Schedule of Maturities for Operating Lease Liabilities

Maturities of operating lease liabilities at December 31, 2025, are as follows (in millions):



2026	$	137
2027	113
2028	99
2029	80
2030	60
Thereafter	163
Total lease payments	652
Less: imputed interest	(106)
Present value of lease liabilities	$	546

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company recognizes the critical importance of developing, implementing, and maintaining robust cybersecurity measures to safeguard its information systems and to protect the confidentiality, integrity, and availability of its data. Cybersecurity risks are monitored, updated on a regular basis, and integrated as part of the Company’s broader enterprise risk management process. The reporting and analysis of cybersecurity risks have also been incorporated within the Company’s disclosure controls and procedures and internal disclosure committee process. The Company conducts multiple forms of cybersecurity awareness and training for employees including general cybersecurity awareness articles, role-based training, online cybersecurity awareness tools, and frequent monthly awareness presentations. The Company uses a combination of internal and external resources to assess, identify, and manage material risks from cybersecurity threats. Internally, the Company leverages its global information security organization, the IT function, privacy and compliance departments, operating segments, functional areas, and its internal audit function. Given the complexity and evolving nature of cybersecurity threats, the Company also utilizes the following external resources: •two industry research and technology firms for benchmarking and industry research; •several cybersecurity operations partners for risk detection and threat information sharing; •cybersecurity penetration testing companies to provide regular technical assessments of our systems; •an information sharing and analysis service specific to the consumer goods industry; and •the assistance of its outside cybersecurity counsel. The Company oversees its third-party service providers’ security posture by using an internally managed vendor security assessment process prior to vendor onboarding, with ongoing monitoring for any emerging risks. The Company supplements its internal processes with third-party security partners that provide risk measurements for third parties. While the Company has not encountered cybersecurity risks that have materially affected or are reasonably likely to materially affect its strategy, results of operations or financial condition, there can be no guarantee that the Company will not be materially affected by such cybersecurity risks or a cybersecurity incident in the future. For a discussion of cybersecurity risks and incidents that may impact the Company, refer to preceding section Item 1A. Risk Factors.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company recognizes the critical importance of developing, implementing, and maintaining robust cybersecurity measures to safeguard its information systems and to protect the confidentiality, integrity, and availability of its data. Cybersecurity risks are monitored, updated on a regular basis, and integrated as part of the Company’s broader enterprise risk management process. The reporting and analysis of cybersecurity risks have also been incorporated within the Company’s disclosure controls and procedures and internal disclosure committee process. The Company conducts multiple forms of cybersecurity awareness and training for employees including general cybersecurity awareness articles, role-based training, online cybersecurity awareness tools, and frequent monthly awareness presentations.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Company’s Board of Directors provides oversight of risks from cybersecurity threats through its Audit Committee. The Company’s Chief Information Security Officer provides regular quarterly updates to the Audit Committee on material cybersecurity risks, performance and material risk related metrics, and material risk mitigation strategies. These reviews help to inform the Audit Committee, identify areas for improvement and help align the Company’s cybersecurity risk management efforts with overall enterprise risk management. The Audit Committee incorporates this information into its regular reporting to the Board of Directors.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s Board of Directors provides oversight of risks from cybersecurity threats through its Audit Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s Chief Information Security Officer provides regular quarterly updates to the Audit Committee on material cybersecurity risks, performance and material risk related metrics, and material risk mitigation strategies. These reviews help to inform the Audit Committee, identify areas for improvement and help align the Company’s cybersecurity risk management efforts with overall enterprise risk management. The Audit Committee incorporates this information into its regular reporting to the Board of Directors.
Cybersecurity Risk Role of Management [Text Block]	The Company’s management plays a critical role in assessing and managing cybersecurity risks. The Newell Brands Information Security program is led by the Company’s Chief Information Security Officer, a Certified Information Systems Security Professional (CISSP) with over 20 years of experience in cybersecurity gained at four global Fortune 500 companies, and the Company’s Chief Information Officer who has overseen the Company’s security function for more than 12 years. The Newell Brands Information Security program is governed by the Information Security Governance Committee (the “ISG Committee”), comprised of the Chief Information Security Officer (its Chair), Chief Financial Officer, Chief Legal and Administrative Officer, Chief Human Resources Officer, Chief Information Officer, and Vice President of Internal Audit and SOX. The ISG Committee meets quarterly to discuss material risks, material risk related metrics, and material risk mitigating strategies and conducts tabletop exercises. In addition to the ISG Committee, Company management is informed about and monitors material cybersecurity risks and incidents through the following formal processes: •Newell Brands Incident Response Policy and Procedures and related response and governance protocols for high severity incidents; •Periodic Information Security program presentations to leadership; and •Chief Information Security Officer material incident notifications to Company management, including the President and CEO.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Newell Brands Information Security program is led by the Company’s Chief Information Security Officer, a Certified Information Systems Security Professional (CISSP) with over 20 years of experience in cybersecurity gained at four global Fortune 500 companies, and the Company’s Chief Information Officer who has overseen the Company’s security function for more than 12 years. The Newell Brands Information Security program is governed by the Information Security Governance Committee (the “ISG Committee”), comprised of the Chief Information Security Officer (its Chair), Chief Financial Officer, Chief Legal and Administrative Officer, Chief Human Resources Officer, Chief Information Officer, and Vice President of Internal Audit and SOX. The ISG Committee meets quarterly to discuss material risks, material risk related metrics, and material risk mitigating strategies and conducts tabletop exercises.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The Newell Brands Information Security program is led by the Company’s Chief Information Security Officer, a Certified Information Systems Security Professional (CISSP) with over 20 years of experience in cybersecurity gained at four global Fortune 500 companies, and the Company’s Chief Information Officer who has overseen the Company’s security function for more than 12 years.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The ISG Committee meets quarterly to discuss material risks, material risk related metrics, and material risk mitigating strategies and conducts tabletop exercises. In addition to the ISG Committee, Company management is informed about and monitors material cybersecurity risks and incidents through the following formal processes: •Newell Brands Incident Response Policy and Procedures and related response and governance protocols for high severity incidents; •Periodic Information Security program presentations to leadership; and •Chief Information Security Officer material incident notifications to Company management, including the President and CEO.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Litigation and Contingencies	12 Months Ended
Litigation and Contingencies	Dec. 31, 2025
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. Environmental Matters The Company is involved in various matters concerning federal, state and foreign 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 December 31, 2025 was $35 million which is included in other accrued liabilities and other noncurrent liabilities in the Consolidated Balance Sheets. No insurance recovery was taken into account in determining the Company’s cost estimates or reserves, nor do the Company’s cost estimates or reserves reflect any discounting for present value purposes, except with respect to certain long-term operations and maintenance CERCLA matters. 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 Over 100 entities, including the Company and its subsidiary, Berol Corporation (together, the “Company Parties”), have been identified as PRPs at the Diamond Alkali Superfund Site (the “Site”) pursuant to CERCLA. The Site is divided into four “operable units,” and the Company Parties have received notice letters in connection with operable Unit 4 and operable Unit 2 (which is geographically subsumed within Unit 4). The U.S. EPA has issued records of decision for Units 2 and 4 with selected remedies that it has estimated to cost approximately $1.80 billion in the aggregate. In September 2017, the U.S. EPA announced an allocation process involving roughly 80 PRPs, with the intent of offering cash-out settlements to a number of parties. The allocation process has concluded, and the Company Parties were placed in the lowest tier of relative responsibility among allocation parties. On January 31, 2024, U.S. EPA filed a motion to enter a modified consent decree to resolve the liability of the Company Parties and other settlement parties for past and future CERCLA response costs at Unit 2 and Unit 4 (“Consent Decree”), which the court granted on December 18, 2024 (the "Consent Decree Litigation"). The Court’s order entering the Consent Decree has been appealed. As of the date of this filing, the Company does not expect that its share of payments toward the Consent Decree, if the Consent Decree is upheld following any appellate review, will be material to the Company. In June 2018, Occidental Chemical Corporation (“OCC”), a New York corporation, sued over 100 parties, including the Company Parties, in the U.S. District Court in New Jersey pursuant to CERCLA, requesting cost recovery, including past and future costs for investigation, design and remediation of Units 2 and 4, as well as contribution and a declaratory judgement (the “OCC Litigation”). The defendants, in turn, filed claims against 42 third-party defendants and counterclaims against OCC. OCC has also stated that it anticipates asserting claims against defendants regarding Newark Bay, which is also part of the Site, after the U.S. EPA has selected the Newark Bay remedy. The OCC Litigation is stayed pending the Court’s adjudication of the entry of the Consent Decree. At this time, the Company cannot predict the eventual outcome of the OCC Litigation. In September 2025, OCC merged with and into an affiliated Texas limited liability company, and the surviving entity changed its name to Occidental Chemical Company, LLC. That entity then executed a divisional merger, splitting into two entities: Environmental Resource Holdings, LLC (“ERH”), and Occidental Chemical Corporation, a Texas corporation (“OCC TX”). Counsel for OCC in the Consent Decree Litigation filed an updated corporate disclosure, asserting that OCC “is now known as Environmental Resource Holdings LLC.” On February 6, 2026, 35 companies filed a complaint against OCC TX in the U.S. District Court in New Jersey, alleging that OCC’s valuable assets were transferred to OCC TX, not ERH, and requesting a declaratory judgment that OCC TX is jointly and severally liable for OCC’s CERCLA liabilities. In addition, federal trustees, including the U.S. Department of Commerce and Department of the Interior, continue to undertake a Natural Resource Damage Assessment with respect to the Site, having previously identified the Company Parties, along with numerous other entities, as PRPs. Based on currently known facts and circumstances, the Company does not believe that the Lower Passaic River matter is reasonably likely to have a material impact on the Company’s results of operations. However, in the event of one or more adverse determinations related to this matter, including the OCC Litigation and Natural Resource Damage Assessment noted above (for which the Company cannot currently estimate the range of possible losses), 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. French Door Countertop Ovens Recall On September 25, 2025, the Company announced a recall in the U.S. and Canada of certain of its Oster French Door Countertop Ovens in the H&CS segment. The Company determined that the recalled product may present users with a potential safety concern, as the doors could unexpectedly close and pose a burn hazard to users, and the recall offers a repair kit to address the hazard. During the year ended December 31, 2025, the Company incurred charges of $11 million relating to this recall representing its best estimate of risk of loss. Other Matters 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 Company’s sale of The United States Playing Card Company (“USPC”), Cartamundi, Inc. and Cartamundi España, S.L., (the “Buyers”) have notified the Company of their contention that certain representations and warranties in the Stock Purchase Agreement, dated June 4, 2019, were inaccurate and/or breached, and have sought indemnification to the extent that the Buyers are required to pay related damages arising out of a third party lawsuit that was recently filed against USPC. Although the Company cannot predict the ultimate outcome of other 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 in this Footnote 17. At December 31, 2025, the Company had approximately $49 million in standby letters of credit primarily related to the Company’s self-insurance programs, including workers’ compensation, product liability and medical expenses.

Leases - Schedule of Consolidated Statement of Operation Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating lease cost:
Operating lease cost	$ 156	$ 161	$ 172
Variable lease costs	19	22	24
Finance lease cost:
Amortization of leased assets	$ 0	$ 0	$ 1

Fair Value Disclosures - Schedule of Non-Pension Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value Measurements on Recurring Basis - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 15	$ 98
Derivative Liabilities	(294)	(76)
Investment securities, including mutual funds	81	3
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0	0
Derivative Liabilities	0	0
Investment securities, including mutual funds	81	3
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	15	98
Derivative Liabilities	(294)	(76)
Investment securities, including mutual funds	$ 0	$ 0

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+ Details

- Definition

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

+ References + Details

Income Taxes - Additional Information (Details) - USD ($) $ in Millions		1 Months Ended		12 Months Ended
	Jul. 19, 2024	Jun. 30, 2025	Apr. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax [Line Items]
Undistributed earnings of foreign subsidiaries				$ 4,400
Deferred income taxes related to undistributed foreign earnings				9
Noncurrent income tax receivable				352	$ 311
Noncurrent income tax payable				13
Valuation allowance				152	171
Decrease in net valuation allowance				19	13
Unrecognized tax benefits that would impact effective tax rate				325	316	$ 387
Unrecognized tax benefits, income tax penalties and interest expense				8	12	9
Income tax paid				34
Increase in income tax expense				(16)	$ (44)	$ (155)
Foreign Tax Credit Carryforward
Income Tax [Line Items]
Tax credit carryforwards				25
Transfer Pricing, Additional Taxes
Income Tax [Line Items]
Income tax examination, estimate of possible loss	$ 80
Transfer Pricing, Penalties and Additional Interest
Income Tax [Line Items]
Income tax examination, estimate of possible loss	$ 34
Tax Year 2017
Income Tax [Line Items]
Income tax paid			$ 31	31
Tax Year 2019
Income Tax [Line Items]
Increase in income tax expense		$ 3
Increase in noncurrent income taxes receivable		10
Increase in deferred tax liabilities		$ 13
United States and Foreign Tax Jurisdiction
Income Tax [Line Items]
Net operating losses				1,310
Net operating losses, not subject to expiration				848
Net operating losses, subject to expiration				465
United States
Income Tax [Line Items]
Net operating losses				149
United States \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				103
United States \| Tax Year 2024 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				10
United States \| Tax Year 2025 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				93
Foreign
Income Tax [Line Items]
Net operating losses				1,160
State
Income Tax [Line Items]
Net operating losses				1,900
Net operating losses, not subject to expiration				277
Net operating losses, subject to expiration				1,600
State \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				103
State \| Tax Year 2024 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				3
State \| Tax Year 2025 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				19
State \| Tax year 2018 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				25
State \| Tax year 2020 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				38
State \| Tax Year 2021 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				14
State \| Tax Year 2022 \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				4
State \| Carryback 3 years, carryforward 5 years \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				26
State \| Carryforward Five Years \| Capital Loss Carryforward
Income Tax [Line Items]
Tax credit carryforwards				$ 77

Leases - Schedule of Remaining Lease Term and Discount Rates (Details)	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Weighted-average remaining lease term (years)	7 years	7 years
Weighted-average discount rate	5.40%	5.10%

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables display the components of accumulated other comprehensive income (loss) (“AOCL”), net of tax, as of and for the years ended December 31, 2025 and 2024 (in millions):


	Cumulative Translation Adjustment		Pension and Postretirement Costs		Derivative Financial Instruments		AOCL
Balance at December 31, 2023	$	(668)	$	(196)	$	(26)	$	(890)
Other comprehensive income (loss) before reclassifications	(100)		(14)		14		(100)
Amounts reclassified to earnings	1		(2)		10		9
Net current period other comprehensive income (loss)	(99)		(16)		24		(91)
Balance at December 31, 2024	$	(767)	$	(212)	$	(2)	$	(981)
Other comprehensive income (loss) before reclassifications	(16)		18		(14)		(12)
Amounts reclassified to earnings	—		(1)		4		3
Net current period other comprehensive income (loss)	(16)		17		(10)		(9)
Balance at December 31, 2025	$	(783)	$	(195)	$	(12)	$	(990)

Reclassifications from AOCL to the results of operations for the years ended December 31, were pretax (income) expense of (in millions):


	2025		2024		2023
Cumulative translation adjustment	$	—	$	1	$	11
Pension and postretirement costs (a)	(1)		(2)		130
Derivative financial instruments (b)	5		13		5

(a)See Footnote 10 for further information.

(b)See Footnote 9 for further information.

The income tax provision (benefit) allocated to the components of AOCL for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Foreign currency translation adjustments	$	(64)	$	33	$	(20)
Pension and postretirement costs	6		(5)		36
Derivative financial instruments	(3)		8		(4)
Income tax provision (benefit) related to AOCL	$	(61)	$	36	$	12

Other Accrued Liabilities

12 Months Ended

Dec. 31, 2025

Accrued Liabilities, Current [Abstract]

Other Accrued Liabilities

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


	2025		2024
Customer accruals	$	616	$	601
Accrued compensation	168		249
Operating lease liabilities	113		110
Accrued income taxes	23		88
Other	544		411
	$	1,464	$	1,459

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

Other Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Accrued Liabilities, Current [Abstract]

Schedule of Other Accrued Liabilities

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


	2025		2024
Customer accruals	$	616	$	601
Accrued compensation	168		249
Operating lease liabilities	113		110
Accrued income taxes	23		88
Other	544		411
	$	1,464	$	1,459

Derivatives and Foreign Currency Operations - Schedule of Pretax Effects of Derivative Financial Instruments Designated or Previously Designated as Effective Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI	$ (290)	$ 152	$ (101)
Reclassified from AOCL to Income	(5)	(13)	(5)
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI	0	0	0
Reclassified from AOCL to Income	(2)	(8)	(5)
Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI	(20)	19	(21)
Reclassified from AOCL to Income	(3)	(5)	0
Cross-currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in OCI	(270)	133	(80)
Reclassified from AOCL to Income	$ 0	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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+ Details

Goodwill and Other Intangible Assets, Net - Schedule of Intangible Asset Impairment Charges by Reporting Segment (Details) $ in Millions		3 Months Ended						12 Months Ended
	Dec. 01, 2025 tradename	Dec. 31, 2025 USD ($) tradename	Dec. 31, 2024 USD ($) tradename	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) tradename	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2025 USD ($) tradename	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Indefinite-lived Intangible Assets [Line Items]
Goodwill and Intangible asset impairment charges								$ 340	$ 345	$ 339
Baby Reporting Unit
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]						Impairment of goodwill, intangibles and other assets
Goodwill impairment charge						$ 241		0
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charge		$ 340
Home and Commercial Solutions
Indefinite-lived Intangible Assets [Line Items]
Goodwill and Intangible asset impairment charges								$ 290	275	76
Home and Commercial Solutions \| Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]				Impairment of goodwill, intangibles and other assets
Intangible asset impairment charge		$ 290	$ 85	$ 190	$ 68		$ 8
Number of indefinite-lived intangible assets \| tradename	2	2	1		2			2
Incremental impairment charge of a hypothetical 10% reduction in forecasted revenue and residual (excess) cash flows		$ 28	$ 22
Home and Commercial Solutions \| Trade Names One
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charge								$ 163
Home and Commercial Solutions \| Trade Names Two
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charge								127
Learning and Development
Indefinite-lived Intangible Assets [Line Items]
Goodwill and Intangible asset impairment charges								50	70	241
Learning and Development \| Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]				Impairment of goodwill, intangibles and other assets
Intangible asset impairment charge		$ 50		$ 70				$ 50
Number of indefinite-lived intangible assets \| tradename	2	1						1
Incremental impairment charge of a hypothetical 10% reduction in forecasted revenue and residual (excess) cash flows		$ 1
Outdoor and Recreation
Indefinite-lived Intangible Assets [Line Items]
Goodwill and Intangible asset impairment charges								$ 0	$ 0	$ 22
Outdoor and Recreation \| Trade Names
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charge						$ 22

Derivatives and Foreign Currency Operations

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Foreign Currency Operations

Derivatives

Derivative financial instruments are generally used to manage certain interest rate and foreign currency risks. These instruments, from time to time, may primarily include interest rate swaps, forward starting interest rate swaps and forward exchange contracts. The Company’s forward exchange contracts generally do not subject the Company to exchange rate risk because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. However, these instruments, when settled, impact the Company’s cash flows from operations to the extent the underlying transaction being hedged is not simultaneously settled due to an extension, a renewal or otherwise.

On the date when the Company enters into a derivative, the derivative is designated as a hedge of the identified exposure. The Company measures effectiveness of its hedging relationships both at hedge inception and on an ongoing basis.

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 settlement of interest rate swaps is included in interest expense, net in the Consolidated Statements of Operations.

At December 31, 2025, the Company had approximately $1.00 billion notional amount of interest rate swaps due September 2027 and September 2029 that exchange a fixed rate of interest for a variable rate of interest plus a weighted average spread. These floating rate swaps are designated as fair value hedges against the principal of the 6.375% senior notes due 2027 and the 6.625% senior notes due 2029 for the remaining life of the notes. The effective portion of the fair value gains or losses on these swaps is offset by fair value adjustments in the underlying debt.

Cross-Currency Contracts

The Company uses cross-currency swaps to hedge foreign currency risk on certain financing arrangements. These swaps mature on dates ranging from November 2026 to September 2029, with an aggregate notional amount of $2.13 billion. These cross-currency swaps 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, and the Company pays a fixed or floating rate of Euro-based interest and receives a fixed or floating rate of U.S. dollar interest. The Company has elected the spot method for assessing the effectiveness of these contracts. During the twelve months ended December 31, 2025, 2024 and 2023, the Company recognized income of $34 million, $35 million

and $38 million, respectively, in interest expense, net, in the Company’s Consolidated Statement of Operations, 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 with maturity dates through December 2026. 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 (net sales and cost of products sold) in the Company’s Consolidated Statement of Operations as the underlying hedged item. At December 31, 2025, the Company had approximately $287 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 foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At December 31, 2025, the Company had approximately $1.11 billion notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through November 2026. Fair market value gains or losses are included in the results of operations and are classified in other expense, net in the Company’s Consolidated Statement of Operations.

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


		2025		2024
	Balance Sheet Location	Assets (Liabilities)
Derivatives designated as effective hedges:
Cash Flow Hedges
Foreign currency contracts	Prepaid expenses and other current assets	$	2	$	9
Foreign currency contracts	Other accrued liabilities	(4)		(1)
Fair Value Hedges

Interest rate swaps	Other accrued liabilities	(2)		(7)
Interest rate swaps	Other noncurrent liabilities	(4)		(23)
Net Investment Hedges
Cross-currency swaps	Prepaid expenses and other current assets	11		30
Cross-currency swaps	Other assets	—		38
Cross-currency swaps	Other accrued liabilities	(62)		—
Cross-currency swaps	Other noncurrent liabilities	(192)		(41)

Derivatives not designated as effective hedges:
Foreign currency contracts	Prepaid expenses and other current assets	2		21
Foreign currency contracts	Other accrued liabilities	(30)		(4)

Total		$	(279)	$	22

The Company recognized expense of $53 million, income of $26 million and expense of $17 million in other expense, net, during 2025, 2024 and 2023, respectively, related to derivatives that are not designated as hedging instruments. Gains and losses on these derivatives are generally offset by foreign currency movement in the underlying exposure.

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

The following table presents pretax gain and (loss) activity for 2025, 2024 and 2023 related to derivative financial instruments designated as effective hedges (in millions):


	2025				2024				2023
	Gain (Loss)				Gain (Loss)				Gain (Loss)
	Recognized in OCL (a)		Reclassified from AOCL to Income		Recognized in OCL (a)		Reclassified from AOCL to Income		Recognized in OCL (a)		Reclassified from AOCL to Income
Interest rate swaps (b)	$	—	$	(2)	$	—	$	(8)	$	—	$	(5)
Foreign currency contracts (c)	(20)		(3)		19		(5)		(21)		—
Cross-currency swaps (d)	(270)		—		133		—		(80)		—
Total	$	(290)	$	(5)	$	152	$	(13)	$	(101)	$	(5)

(a)Represents effective portion recognized in Other Comprehensive Loss (“OCL”).

(b)Portion reclassified from AOCL to income recognized in interest expense, net and in loss on extinguishment and modification of debt.

(c)Portion reclassified from AOCL to income recognized in net sales and cost of products sold.

(d)Portion reclassified from AOCL to income recognized in other expense, net.

At December 31, 2025, net deferred losses within AOCL expected to be reclassified to earnings over the next twelve months are not expected to be material.

Foreign Currency Operations

Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the rates of exchange in effect at year-end. The related translation adjustments are made directly to AOCL. Income and expenses are translated at the average monthly rates of exchange in effect during the year. Foreign currency transaction gains and losses are included in the results of operations and are generally classified in other expense, net, in the Consolidated Statements of Operations. Foreign currency transaction net losses for 2025, 2024 and 2023 were $4 million, $6 million and $10 million, respectively.

The Company designates certain foreign currency denominated, long-term intercompany financing transactions as being of a long-term investment nature and records gains and losses on the transactions arising from changes in exchange rates as translation adjustments.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Changes In Stock Options

The following table summarizes the changes in the number of shares of common stock for 2025 (shares and aggregate intrinsic value in millions):


	Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Life (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024	6.1	$	22


Forfeited	(0.4)	23
Outstanding at December 31, 2025	5.7	$	21	4.9	$0

Options exercisable, end of year	5.4	$	22	4.7	$0

Schedule of Changes of Restricted Stock and Restricted Stock Units

The following table summarizes the changes in the number of outstanding restricted stock units for 2025 (shares in millions):


	Restricted Stock Unit	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2024	14.9	$	11
Granted	8.5	7
Grant adjustment (a)	0.6	(10)
Vested	(4.9)	10
Forfeited	(1.9)	8
Outstanding at December 31, 2025	17.2	$	8

Expected to vest as of December 31, 2025 (b)	20.6	$	8

(a)The grant adjustment primarily relates to an adjustment in the quantity of Performance-Based RSUs ultimately vested during 2025 that were dependent on the level of achievement of the specified performance conditions.

(b)The difference between the outstanding restricted stock units at December 31, 2025 and the restricted stock units expected to vest as of December 31, 2025 primarily relates to the expected achievement of the specified performance conditions for the respective outstanding Performance-Based RSUs.

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

The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation at December 31, 2025:


(in millions)	Unrecognized Compensation Cost		Weighted Average Period of Expense Recognition (in years)
Restricted stock units	$	49	1
Stock options	1		1
Total	$	50	1

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Atlanta, Georgia
Auditor Firm ID	238

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

The Company recognizes a right of use (“ROU”) asset and a liability for all leases whose term is more than 12 months at the lease inception date. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term, which includes any extension the Company reasonably expects to exercise. The Company assesses whether certain service arrangements contain embedded leases where the contract conveys the right to use an asset but is not explicitly identified as a lease arrangement; examples include information technology, third-party logistics and original equipment manufacturers. The Company uses incremental borrowing rates, updated quarterly, that reflect its own external unsecured borrowing rates that are risk-adjusted to approximate secured borrowing rates over similar terms.

For certain non-real estate leases, the portfolio approach is used. The Company also has lease agreements with lease and non-lease components, which are accounted for as a single lease component.

Operating lease expense is recognized on a straight-line basis over the lease term. Operating lease assets and operating lease liabilities are reported as separate lines in the Consolidated Balance Sheets. The current portion of operating lease liabilities is reported in other accrued liabilities in the Consolidated Balance Sheets.

For finance leases, lease payments are allocated between interest expense and reduction of the liability in accordance with an amortization schedule. The corresponding asset is amortized on a straight-line basis over the lease term. Assets acquired under finance leases are reported in property, plant and equipment, net in the Consolidated Balance Sheets. The Company did not have finance leases at December 31, 2025 and 2024.

The depreciable life of leasehold improvements and other lease-related assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

Supplemental consolidated balance sheet information for leases at December 31, is as follows (in millions):


	Classification	2025		2024
Assets
Operating leases	Operating lease assets	$	453	$	466

Total lease assets		$	453	$	466

Liabilities
Current
Operating leases	Other accrued liabilities	$	113	$	110

Noncurrent
Operating leases	Operating lease liabilities	433		418

Total lease liabilities		$	546	$	528

Components of lease expense for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Operating lease cost:
Operating lease cost (a)	$	156	$	161	$	172
Variable lease costs (b)	19		22		24
Finance lease cost:
Amortization of leased assets	—		—		1

(a)Includes short-term leases, which are immaterial.

(b)Consists primarily of additional payments for non-lease components, such as maintenance costs, payments of taxes and additional rent based on a level of the Company’s retail store sales.

Remaining lease term and discount rates for operating leases at December 31, are as follows:


	2025	2024
Weighted-average remaining lease term (years)	7	7
Weighted-average discount rate	5.4%	5.1%

Supplemental cash flow information related to leases for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	156	$	158	$	162



Right of use assets obtained in exchange for lease liabilities:
Operating leases	62		76		46

Maturities of operating lease liabilities at December 31, 2025, are as follows (in millions):



2026	$	137
2027	113
2028	99
2029	80
2030	60
Thereafter	163
Total lease payments	652
Less: imputed interest	(106)
Present value of lease liabilities	$	546

Leases

For certain non-real estate leases, the portfolio approach is used. The Company also has lease agreements with lease and non-lease components, which are accounted for as a single lease component.

Supplemental consolidated balance sheet information for leases at December 31, is as follows (in millions):


	Classification	2025		2024
Assets
Operating leases	Operating lease assets	$	453	$	466

Total lease assets		$	453	$	466

Liabilities
Current
Operating leases	Other accrued liabilities	$	113	$	110

Noncurrent
Operating leases	Operating lease liabilities	433		418

Total lease liabilities		$	546	$	528

Components of lease expense for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Operating lease cost:
Operating lease cost (a)	$	156	$	161	$	172
Variable lease costs (b)	19		22		24
Finance lease cost:
Amortization of leased assets	—		—		1

(a)Includes short-term leases, which are immaterial.

(b)Consists primarily of additional payments for non-lease components, such as maintenance costs, payments of taxes and additional rent based on a level of the Company’s retail store sales.

Remaining lease term and discount rates for operating leases at December 31, are as follows:


	2025	2024
Weighted-average remaining lease term (years)	7	7
Weighted-average discount rate	5.4%	5.1%

Supplemental cash flow information related to leases for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	156	$	158	$	162



Right of use assets obtained in exchange for lease liabilities:
Operating leases	62		76		46

Maturities of operating lease liabilities at December 31, 2025, are as follows (in millions):



2026	$	137
2027	113
2028	99
2029	80
2030	60
Thereafter	163
Total lease payments	652
Less: imputed interest	(106)
Present value of lease liabilities	$	546

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts


	Balance at Beginning of Period		Provision		Other		Write-offs/ Disposition		Balance at End of Period
(in millions)
Reserve for Credit Losses
Year Ended December 31, 2025	$	23	$	3	$	2	$	(6)	$	22
Year Ended December 31, 2024	31		8		(3)		(13)		23
Year Ended December 31, 2023	31		2		(1)		(1)		31


	Balance at Beginning of Period		Provision		Other		Write-offs/ Recoveries		Balance at End of Period
(in millions)
Income Tax Valuation Allowance
Year Ended December 31, 2025	$	171	$	14	$	10	$	(43)	$	152
Year Ended December 31, 2024	184		19		(7)		(25)		171
Year Ended December 31, 2023	148		60		—		(24)		184

Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current:
Federal	$ (28)	$ (52)	$ 56
State	8	10	1
Foreign	70	112	71
Total current	50	70	128
Deferred:
Federal	(32)	(101)	(232)
State	(3)	(15)	(40)
Foreign	(31)	2	(11)
Total deferred	(66)	(114)	(283)
Total income tax benefit	$ (16)	$ (44)	$ (155)

Income Taxes - Schedule of Changes in Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits, January 1,	$ 355	$ 463	$ 476
Increases (decreases):
Increases in tax positions for prior years	9	5	0
Decreases in tax positions for prior years	(4)	(90)	(19)
Increase in tax positions for the current period	2	5	12
Settlements with taxing authorities	0	(24)	0
Lapse of statute of limitations	(2)	(4)	(6)
Unrecognized tax benefits, December 31,	$ 360	$ 355	$ 463

Employee Benefit and Retirement Plans - Schedule of Composition of Domestic Pension Plan Assets (Details) - United States - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	$ 651	$ 634
Equity securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	198	121
Fixed income securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	443	501
Alternative investments
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	1	1
Cash and other
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	9	11
Subtotal
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	170	260
Subtotal \| Equity securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Subtotal \| Fixed income securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	161	249
Subtotal \| Alternative investments
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Subtotal \| Cash and other
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	9	11
Level 1
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	168	258
Level 1 \| Equity securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 1 \| Fixed income securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	161	249
Level 1 \| Alternative investments
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 1 \| Cash and other
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	7	9
Level 2
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	2	2
Level 2 \| Equity securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 2 \| Fixed income securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 2 \| Alternative investments
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 2 \| Cash and other
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	2	2
NAV-based assets
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	481	374
NAV-based assets \| Equity securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	198	121
NAV-based assets \| Fixed income securities and funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	282	252
NAV-based assets \| Alternative investments
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	1	1
NAV-based assets \| Cash and other
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Defined benefit plan, fair value of plan assets	$ 0	$ 0

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of outstanding debt, net of unamortized issuance costs and original issue discount, at December 31, (in millions):


	2025		2024
3.900% senior notes due 2025 (a)	$	—	$	47
4.200% senior notes due 2026	—		1,233
6.375% senior notes due 2027	497		486
8.500% senior notes due 2028	1,239		—
6.625% senior notes due 2029	492		477
6.375% senior notes due 2030	743		741
6.625% senior notes due 2032	495		494
5.375% senior notes due 2036	417		417
5.500% senior notes due 2046	658		658
Revolving credit facility (a) (b)	130		40


Other debt	2		2
Total debt	4,673		4,595
Short-term debt and current portion of long-term debt	(130)		(87)
Long-term debt	$	4,543	$	4,508

(a)Included in short-term debt and current portion of long-term debt at December 31, 2024.

(b)Included in short-term debt and current portion of long-term debt at December 31, 2025.

Weighted average interest rates for the years ended December 31, are as follows:


	2025	2024	2023
Total debt	6.4%	5.8%	5.2%
Short-term debt	6.7%	8.0%	6.9%

Schedule of Maturities of Long-term Debt

The Company’s debt maturities for the five years following December 31, 2025 and thereafter are as follows (in millions):


2026	2027	2028	2029	2030	Thereafter	Total
$130	$500	$1,252	$500	$750	$1,586	$4,718

Schedule of Fair Value of Senior Notes

The fair values of the Company’s senior notes are based on quoted market prices and are as follows at December 31, (in millions):


	2025				2024
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	4,493	$	4,541	$	4,624	$	4,553

Employee Benefit and Retirement Plans - Schedule of Defined Benefit Pension Expense (Details) - Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	30	29	39
Expected return on plan assets	(48)	(47)	(52)
Prior service cost	0	0	0
Net actuarial loss	1	0	3
Curtailment, settlement and termination costs	0	0	60
Total (income) expense	$ (17)	$ (18)	$ 50
Effective discount rate for benefit obligations	5.51%	4.94%	5.36%
Effective rate for interest on benefit obligations	5.19%	4.85%	5.24%
Effective rate for service cost	0.00%	0.00%	0.00%
Effective rate for interest on service cost	0.00%	0.00%	0.00%
Long-term rate of return on plan assets	6.50%	6.00%	5.88%
Long-term rate of compensation increase	0.00%	0.00%	0.00%
International
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3	$ 3	$ 3
Interest cost	8	9	15
Expected return on plan assets	(5)	(6)	(11)
Prior service cost	0	1	3
Net actuarial loss	1	2	3
Curtailment, settlement and termination costs	0	(1)	66
Total (income) expense	$ 7	$ 8	$ 79
Effective discount rate for benefit obligations	3.81%	3.82%	4.07%
Effective rate for interest on benefit obligations	3.65%	3.75%	4.00%
Effective rate for service cost	2.48%	2.57%	3.20%
Effective rate for interest on service cost	2.31%	2.48%	3.06%
Long-term rate of return on plan assets	2.70%	3.99%	3.61%
Long-term rate of compensation increase	2.40%	2.37%	2.41%

Goodwill and Other Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Millions	Dec. 31, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2026	$ 114
2027	108
2028	96
2029	90
2030	86
Thereafter	$ 587

Debt - Schedule of Maturities of Long-term Debt (Details) $ in Millions	Dec. 31, 2025 USD ($)
Debt Disclosure [Abstract]
2026	$ 130
2027	500
2028	1,252
2029	500
2030	750
Thereafter	1,586
Total	$ 4,718

Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill by Reportable Business Segment

A summary of changes in the Company’s goodwill by reportable business segment is as follows for 2025 and 2024 (in millions):


					December 31, 2025
Segments:	Net Book Value at December 31, 2024		Foreign Currency Exchange		Net Book Value		Gross Carrying Amount		Accumulated Impairment Charges
Home and Commercial Solutions	$	747	$	—	$	747	$	4,052	$	(3,305)
Learning and Development	2,291		63		2,354		3,441		(1,087)
Outdoor and Recreation	—		—		—		788		(788)
	$	3,038	$	63	$	3,101	$	8,281	$	(5,180)


					December 31, 2024
Segments:	Net Book Value at December 31, 2023		Foreign Currency Exchange		Net Book Value		Gross Carrying Amount		Accumulated Impairment Charges
Home and Commercial Solutions	$	747	$	—	$	747	$	4,052	$	(3,305)
Learning and Development	2,324		(33)		2,291		3,378		(1,087)
Outdoor and Recreation	—		—		—		788		(788)
	$	3,071	$	(33)	$	3,038	$	8,218	$	(5,180)

Schedule of Other Intangible Assets and Related Amortization Periods

The table below summarizes the balance of other intangible assets, net and the related amortization periods using the straight-line method and attribution method at December 31, 2025 and 2024 (in millions):


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value		Amortization Periods (In years)
Tradenames - indefinite life	$	553	$	—	$	553	$	844	$	—	$	844	N/A
Tradenames - other	537		(186)		351		531		(135)		396		2-15
Capitalized software (a)	212		(95)		117		661		(543)		118		3-12
Patents and intellectual property	—		—		—		13		(13)		—		3-14
Customer relationships and distributor channels	1,013		(400)		613		1,025		(375)		650		3-30

	$	2,315	$	(681)	$	1,634	$	3,074	$	(1,066)	$	2,008

(a)The Company wrote-off $464 million of fully amortized capitalized software (including the accumulated amortization associated with those assets), with net book value of zero, as of December 31, 2025. The write-off did not affect the Company’s Consolidated Balance Sheet, Statement of Operations, Statement of Cash Flows, or Statement of Stockholders’ Equity.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

At December 31, 2025, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):


Years ending December 31,	Amount
2026	$	114
2027	108
2028	96
2029	90
2030	86
Thereafter	587

Schedule of Intangible Asset Impairment Charges Allocated to Reporting Segments

The impairment charges for goodwill and indefinite-lived tradenames were recorded in the Company’s reporting segments as follows for the years ended December 31, (in millions):


	2025 (a)		2024 (b)		2023 (c)

Home and Commercial Solutions	$	290	$	275	$	76
Learning and Development	50		70		241
Outdoor and Recreation	—		—		22
	$	340	$	345	$	339

(a)During the fourth quarter of 2025, in conjunction with its annual impairment testing, the Company recorded non-cash impairment charge of $290 million associated with two tradenames in the H&CS segment and $50 million associated with one tradename in the L&D segment, as the carrying values exceeded the fair values. The decline in the fair value of the tradenames in the H&CS and L&D segments resulting in the aforementioned non-cash impairment charges was the result of downward revision of forecasted cashflows and increase in the reporting units’ discounts rates primarily due to increased risk premium applied to enable reconciliation to the Company's total enterprise value, given the decline in the Company’s stock price since the last annual impairment test. A hypothetical 10% reduction in the forecasted revenue and residual (excess) cash flows used in the excess earnings method applied in determining the fair value of the tradenames would have resulted in an incremental impairment charge in the H&CS segment of $28 million. A hypothetical 10% reduction in the forecasted revenue used in the relief from royalty method in determining the fair value of the tradename would have resulted in an incremental impairment charge in the L&D segment of $1 million.

(b)During the fourth quarter of 2024, in conjunction with its annual impairment testing, the Company recorded non-cash impairment charge of $85 million associated with one tradename in the H&CS segment, as the carrying value exceeded the fair value. The decline in the fair value of the tradename in the H&CS segment was the result of downward revision of forecasted revenue mainly due to a distribution loss, which the Company was informed of during the fourth quarter of 2024. A hypothetical 10% reduction in the forecasted revenue and residual (excess) cash flows used in the excess earnings method applied in determining the fair value of the tradename would have resulted in an incremental impairment charge on the H&CS segment of $22 million. During the third quarter of 2024, the Company concluded that triggering events had occurred for indefinite-lived tradenames in the H&CS and L&D segments, as a result of downward revisions of forecasted cash flows primarily due to lower volume and profitability expectations. The Company performed quantitative impairment tests and determined that the indefinite-lived tradenames in the H&CS and L&D segments, were impaired. During the third quarter of 2024, the Company recorded non-cash impairment charges of $190 million and $70 million for the indefinite-lived tradenames in the H&CS and in the L&D segments, respectively, as the carrying values exceeded their fair values.

(c)During the fourth quarter of 2023, in conjunction with its annual impairment testing, the Company recorded a non-cash impairment charge of $68 million associated with two tradenames in the H&CS segment, as the carrying values exceeded the fair values. The decline in the fair values of the tradenames in the H&CS segment were due to current market contraction, reflecting a reset of demand levels. During the third quarter of 2023, the Company concluded that a triggering event had occurred for an indefinite-lived tradename in the O&R segment, as a result of a downward revision of forecasted cash flows due to market conditions, as well as rising interest rates. The Company performed a quantitative impairment test and determined that the indefinite-lived tradename in the O&R segment was impaired and recorded a non-cash impairment charge of $22 million for the indefinite-lived tradename in the O&R segment, as the carrying value of the tradename exceeded its fair value. Also, during the third quarter of 2023, the Company concluded that a triggering event had occurred for the goodwill associated with the Baby reporting unit in the L&D segment as a result of a downward revision of forecasted cash flows due to lower volume and profitability expectations, as well as rising interest rates. The Company performed a quantitative impairment test and determined that the Baby reporting unit goodwill was impaired and recorded a non-cash impairment charge of $241 million as the carrying value of the reporting unit exceeded its fair value. During the second quarter of 2023, the Company concluded that a triggering event had occurred for an indefinite-lived tradename in the H&CS segment as a result of a downward revision of forecasted cash flows due to softening global demand, primarily caused by continued inflationary pressure impacting discretionary spending behavior of consumers, as well as rising interest rates. The Company performed a quantitative impairment test and determined that the indefinite-lived tradename in the H&CS segment was impaired. During the second quarter of 2023, the Company recorded a non-cash impairment charge of $8 million, as the carrying value of the tradename exceeded its fair value.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Share-Based Compensation

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

Stock-based compensation expense is adjusted for estimated forfeitures and is recognized on a straight-line basis over the requisite service period of the award, which is generally three years for stock options and one to three years for time-based and performance-based restricted stock units. The Company estimates future forfeiture rates based on its historical experience.

The Company maintains a 2013 Incentive Plan and a 2022 Incentive Plan (collectively, the “Incentive Plans”), which allow for grants of stock-based awards. At December 31, 2025, there were approximately 23 million share-based awards collectively available for grant under the Incentive Plans. The 2013 Incentive Plan generally provides for stock-based awards to employees to vest over a minimum of three years, although some awards may vest earlier if granted to a new employee or if tied to the achievement of specified market or performance conditions, in which case such awards vest no earlier than one year from the date of grant. The 2022 Incentive Plan generally provides for stock-based awards to employees to vest no earlier than one year from the date of grant, subject to a de minimis exception. The stock-based awards granted to employees include stock options and time-based and performance-based restricted stock units, as follows:

Stock Options

During 2025, the Company did not award stock options. In years in which the Company has elected to grant stock options, it has issued them at exercise prices equal to the Company’s common stock price on the date of grant with contractual terms of ten years. Stock options issued by the Company generally vest and are expensed ratably over three years. Stock option grants are generally subject to forfeiture if employment terminates prior to vesting, except upon retirement, death or disability, in which case the options may remain outstanding and exercisable for a specified period not to exceed the remaining contractual term of the option.

The following table summarizes the changes in the number of shares of common stock for 2025 (shares and aggregate intrinsic value in millions):


	Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Life (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024	6.1	$	22


Forfeited	(0.4)	23
Outstanding at December 31, 2025	5.7	$	21	4.9	$0

Options exercisable, end of year	5.4	$	22	4.7	$0

Time-Based and Performance-Based Restricted Stock Units

Time-based restricted stock unit awards (“Time-Based RSUs”) represent the right to receive unrestricted shares of stock based on continued employment and are generally subject to forfeiture if employment terminates prior to the vesting date, except a termination for death, disability or retirement. Time-Based RSU awards to employees primarily vest over a one to three-year period. In the case of retirement (as defined in the award agreement), Time-Based RSUs generally vest in part.

Time-Based RSUs have dividend equivalents credited to the recipient that are paid only to the extent the applicable service criteria is met, the Time-Based RSUs vest and the related stock is issued.

Performance-based restricted stock unit awards (“Performance-Based RSUs”) represent the right to receive unrestricted shares of stock based on continuous employment plus the achievement of Company performance objectives and/or individual performance goals established by the Compensation and Human Capital Committee of the Board of Directors. Such awards are generally subject to forfeiture if employment terminates prior to vesting, except a termination for death, disability or retirement. In the case of retirement (as defined in the award agreement), Performance-Based RSUs vest in whole or part depending on the employee’s age and years of service, subject to the satisfaction of the applicable performance criteria.

Performance-Based RSUs generally entitle recipients to shares of common stock if performance objectives are achieved, and typically vest no earlier than one year from the date of grant and no later than three years from the date of grant. The actual number of shares that will ultimately be earned is dependent on the level of achievement of the specified performance conditions. For restricted stock units with performance conditions that are based on stock price (“Stock-Price Based RSUs”), the grant date fair value of certain Stock-Price based RSUs is estimated using a Monte Carlo simulation, with the primary input into such valuation being the expected future volatility of the Company’s common stock, and if applicable, the volatilities of the common stocks of the companies in the Company’s peer group, upon which the relative total shareholder return performance is measured. Performance-Based RSUs have dividend equivalents credited to the recipient that are paid only to the extent the applicable service and performance criteria are met, the Performance-Based RSUs vest and the related stock is issued.

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

The following table summarizes the changes in the number of outstanding restricted stock units for 2025 (shares in millions):


	Restricted Stock Unit	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2024	14.9	$	11
Granted	8.5	7
Grant adjustment (a)	0.6	(10)
Vested	(4.9)	10
Forfeited	(1.9)	8
Outstanding at December 31, 2025	17.2	$	8

Expected to vest as of December 31, 2025 (b)	20.6	$	8

The weighted-average grant-date fair values of awards granted were $7, $8 and $11 per share in 2025, 2024 and 2023, respectively. The fair values of awards that vested were $31 million, $20 million and $13 million in 2025, 2024 and 2023, respectively.

During 2025, the Company awarded 6.5 million Time-Based RSUs, which had an aggregate grant date fair value of $45 million. These Time-Based RSUs entitle recipients to shares of the Company’s common stock and vest primarily in annual installments over a three-year period, subject to continued employment.

During 2025, the Company also awarded 2.0 million Performance-Based RSUs with an aggregate grant date fair value of $14 million. These Performance-Based RSUs entitle the recipients to shares of the Company’s common stock and vest primarily at the end of a three-year period, subject to continued employment. The actual number of shares that will ultimately be paid upon vesting is dependent on the level of achievement of the specified performance conditions.

On May 19, 2023, the Company adopted the 2023 Special Incentive Program (the “SIP”) to incentivize performance against multi-year goals and to aid in the retention of certain Company executives. On July 5, 2023, pursuant to the SIP, the Company granted performance-based restricted stock unit awards to the Company’s President and Chief Executive Officer (“CEO”) and the Company’s Chief Financial Officer (“CFO”) that vest on February 27, 2026, subject to the achievement of the applicable performance measures. On the same date, the Company granted time-based and performance-based restricted stock unit awards to certain key executives, other than the CEO and CFO, pursuant to the SIP. The time-based restricted stock units granted to such other executives pursuant to the SIP fully vested on the one-year anniversary of the date of grant, while the performance-based restricted stock units granted to such other

executives pursuant to the SIP will vest 70% on the two-year anniversary of the grant date and 30% on the three-year anniversary of the grant date, subject to the achievement of applicable performance measures.

The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation at December 31, 2025:


(in millions)	Unrecognized Compensation Cost		Weighted Average Period of Expense Recognition (in years)
Restricted stock units	$	49	1
Stock options	1		1
Total	$	50	1

Excess tax detriments related to stock-based compensation was $5 million for each of 2025 and 2024 and $2 million for 2023.

Basis of Presentation and Significant Accounting Policies - Schedule of Sales of Accounts Receivable (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Financial Institution One
Transfer of Financial Assets Accounted for as Sales [Line Items]
Proceeds received	$ 2,895	$ 2,984	$ 3,099
Collected from customers and remitted to financial institution	2,889	2,964	3,285
Financial Institution Two
Transfer of Financial Assets Accounted for as Sales [Line Items]
Proceeds received	1,164	1,262	279
Collected from customers and remitted to financial institution	$ 1,190	$ 1,159	$ 226

Inventories (Tables)

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Schedule of Components of Net Inventories

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


	2025		2024
Raw materials and supplies	$	165	$	183
Work-in-process	159		155
Finished products	957		1,062
	$	1,281	$	1,400

Income Taxes - Schedule of Deferred Tax Amounts Classified in the Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Noncurrent deferred tax assets	$ 825	$ 806
Noncurrent deferred tax liabilities	(50)	(178)
Net deferred tax assets	$ 775	$ 628

Share-Based Compensation - Schedule of Changes In Stock Options (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares
Shares
Shares outstanding, beginning balance (in shares) \| shares	6.1
Forfeited (in shares) \| shares	(0.4)
Shares outstanding, ending balance (in shares) \| shares	5.7
Options exercisable, end of year (in shares) \| shares	5.4
Weighted Average Exercise Price Per Share
Weighted average exercise price, beginning balance (in USD per share) \| $ / shares	$ 22
Weighted-average exercise price, forfeited (in USD per share) \| $ / shares	23
Weighted average exercise price, ending balance (in USD per share) \| $ / shares	21
Weighted average exercise price, options exercisable, end of year (in USD per share) \| $ / shares	$ 22
Weighted average remaining life, outstanding (years)	4 years 10 months 24 days
Weighted average remaining life, exercisable (years)	4 years 8 months 12 days
Aggregate intrinsic value, outstanding \| $	$ 0
Aggregate intrinsic value, exercisable \| $	$ 0

Segment Information - Schedule of Financial Information by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 7,204	$ 7,582	$ 8,133
Cost of products sold	4,772	5,034	5,780
Segment SG&A	1,985	2,083	2,001
Operating income (loss)	39	67	(85)
Interest expense, net	321	295	283
Loss on extinguishment and modification of debt	13	14	0
Other expense, net	6	18	175
Loss before income taxes	(301)	(260)	(543)
Segment Reporting Information, Additional Information
Depreciation and amortization	311	323	334
Capital expenditures	247	259	284
Assets	10,715	11,004
Operating Segments
Segment Reporting Information [Line Items]
Net sales	7,204	7,582	8,133
Cost of products sold	4,772	5,034	5,780
Segment SG&A	1,774	1,791	1,766
Other segment costs	357	372	420
Operating income (loss)	301	385	167
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	262	318	252
Segment Reporting Information, Additional Information
Depreciation and amortization	69	61	65
Capital expenditures	92	99	115
Assets	2,652	2,567
Incentive compensation (decrease) increase	(71)	85
Home and Commercial Solutions
Segment Reporting Information [Line Items]
Net sales	3,772	4,071	4,428
Home and Commercial Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	3,772	4,071	4,428
Cost of products sold	2,673	2,856	3,347
Segment SG&A	938	933	916
Other segment costs	299	284	128
Operating income (loss)	(138)	(2)	37
Segment Reporting Information, Additional Information
Depreciation and amortization	142	153	163
Capital expenditures	85	96	93
Assets	3,771	4,110
Learning and Development
Segment Reporting Information [Line Items]
Net sales	2,691	2,717	2,706
Learning and Development \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,691	2,717	2,706
Cost of products sold	1,542	1,537	1,613
Segment SG&A	630	623	621
Other segment costs	55	84	259
Operating income (loss)	464	473	213
Segment Reporting Information, Additional Information
Depreciation and amortization	69	70	71
Capital expenditures	52	48	60
Assets	3,797	3,786
Outdoor and Recreation
Segment Reporting Information [Line Items]
Net sales	741	794	999
Outdoor and Recreation \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	741	794	999
Cost of products sold	557	641	820
Segment SG&A	206	235	229
Other segment costs	3	4	33
Operating income (loss)	(25)	(86)	(83)
Segment Reporting Information, Additional Information
Depreciation and amortization	31	39	35
Capital expenditures	18	16	$ 16
Assets	$ 495	$ 541

Derivatives and Foreign Currency Operations - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Income (expense) recognized for derivative instruments not designated as hedging instruments	$ (53)	$ 26	$ (17)
Foreign currency transaction loss	$ 4	6	10
6.375% senior notes due 2027
Derivative [Line Items]
Interest rate	6.375%
6.625% senior notes due 2029
Derivative [Line Items]
Interest rate	6.625%
Interest rate swaps
Derivative [Line Items]
Derivative, notional amount	$ 1,000
Cross-currency Swaps
Derivative [Line Items]
Derivative, notional amount	2,130
Income recognized on derivative	34	$ 35	$ 38
Foreign currency contracts \| Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	287
Foreign currency contracts \| Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	$ 1,110

Derivatives and Foreign Currency Operations (Tables)

12 Months Ended

Dec. 31, 2025

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 December 31, (in millions):


		2025		2024
	Balance Sheet Location	Assets (Liabilities)
Derivatives designated as effective hedges:
Cash Flow Hedges
Foreign currency contracts	Prepaid expenses and other current assets	$	2	$	9
Foreign currency contracts	Other accrued liabilities	(4)		(1)
Fair Value Hedges

Interest rate swaps	Other accrued liabilities	(2)		(7)
Interest rate swaps	Other noncurrent liabilities	(4)		(23)
Net Investment Hedges
Cross-currency swaps	Prepaid expenses and other current assets	11		30
Cross-currency swaps	Other assets	—		38
Cross-currency swaps	Other accrued liabilities	(62)		—
Cross-currency swaps	Other noncurrent liabilities	(192)		(41)

Derivatives not designated as effective hedges:
Foreign currency contracts	Prepaid expenses and other current assets	2		21
Foreign currency contracts	Other accrued liabilities	(30)		(4)

Total		$	(279)	$	22

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

The following table presents pretax gain and (loss) activity for 2025, 2024 and 2023 related to derivative financial instruments designated as effective hedges (in millions):


	2025				2024				2023
	Gain (Loss)				Gain (Loss)				Gain (Loss)
	Recognized in OCL (a)		Reclassified from AOCL to Income		Recognized in OCL (a)		Reclassified from AOCL to Income		Recognized in OCL (a)		Reclassified from AOCL to Income
Interest rate swaps (b)	$	—	$	(2)	$	—	$	(8)	$	—	$	(5)
Foreign currency contracts (c)	(20)		(3)		19		(5)		(21)		—
Cross-currency swaps (d)	(270)		—		133		—		(80)		—
Total	$	(290)	$	(5)	$	152	$	(13)	$	(101)	$	(5)

(a)Represents effective portion recognized in Other Comprehensive Loss (“OCL”).

(b)Portion reclassified from AOCL to income recognized in interest expense, net and in loss on extinguishment and modification of debt.

(c)Portion reclassified from AOCL to income recognized in net sales and cost of products sold.

(d)Portion reclassified from AOCL to income recognized in other expense, net.

Segment Information - Schedule of Net Sales by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 7,204	$ 7,582	$ 8,133
United States
Segment Reporting Information [Line Items]
Net sales	4,407	4,732	5,129
Canada
Segment Reporting Information [Line Items]
Net sales	308	319	313
North America
Segment Reporting Information [Line Items]
Net sales	4,715	5,051	5,442
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Net sales	1,192	1,194	1,283
Latin America
Segment Reporting Information [Line Items]
Net sales	809	831	863
Asia Pacific
Segment Reporting Information [Line Items]
Net sales	488	506	545
Total International
Segment Reporting Information [Line Items]
Net sales	$ 2,489	$ 2,531	$ 2,691

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Segment Information - Schedule of Disaggregation of Revenue by Major Product Grouping Source and Geography (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 7,204	$ 7,582	$ 8,133
North America
Segment Reporting Information [Line Items]
Total revenue	4,715	5,051	5,442
International
Segment Reporting Information [Line Items]
Total revenue	2,489	2,531	2,691
Home and Commercial Solutions
Segment Reporting Information [Line Items]
Total revenue	3,772	4,071	4,428
Home and Commercial Solutions \| Commercial
Segment Reporting Information [Line Items]
Total revenue	1,296	1,361	1,434
Home and Commercial Solutions \| Kitchen
Segment Reporting Information [Line Items]
Total revenue	1,828	2,036	2,244
Home and Commercial Solutions \| Home Fragrance
Segment Reporting Information [Line Items]
Total revenue	648	674	750
Home and Commercial Solutions \| North America
Segment Reporting Information [Line Items]
Total revenue	2,372	2,644	2,942
Home and Commercial Solutions \| International
Segment Reporting Information [Line Items]
Total revenue	1,400	1,427	1,486
Learning and Development
Segment Reporting Information [Line Items]
Total revenue	2,691	2,717	2,706
Learning and Development \| Baby
Segment Reporting Information [Line Items]
Total revenue	1,008	1,008	989
Learning and Development \| Writing
Segment Reporting Information [Line Items]
Total revenue	1,683	1,709	1,717
Learning and Development \| North America
Segment Reporting Information [Line Items]
Total revenue	1,969	1,980	1,937
Learning and Development \| International
Segment Reporting Information [Line Items]
Total revenue	722	737	769
Outdoor and Recreation
Segment Reporting Information [Line Items]
Total revenue	741	794	999
Outdoor and Recreation \| North America
Segment Reporting Information [Line Items]
Total revenue	374	427	563
Outdoor and Recreation \| International
Segment Reporting Information [Line Items]
Total revenue	$ 367	$ 367	$ 436

Accumulated Other Comprehensive Income (Loss) - Schedule of Income Tax Provision (Benefit) Allocated to Components of OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit) related to AOCL	$ (61)	$ 36	$ 12
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit) related to AOCL	(64)	33	(20)
Pension and postretirement costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit) related to AOCL	6	(5)	36
Derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit) related to AOCL	$ (3)	$ 8	$ (4)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
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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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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,253	$ 2,979
Less: Accumulated depreciation	(1,044)	(1,822)
Total property, plant and equipment	1,209	1,157
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	68	65
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	543	522
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,642	$ 2,392

Goodwill and Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

A summary of changes in the Company’s goodwill by reportable business segment is as follows for 2025 and 2024 (in millions):


					December 31, 2025
Segments:	Net Book Value at December 31, 2024		Foreign Currency Exchange		Net Book Value		Gross Carrying Amount		Accumulated Impairment Charges
Home and Commercial Solutions	$	747	$	—	$	747	$	4,052	$	(3,305)
Learning and Development	2,291		63		2,354		3,441		(1,087)
Outdoor and Recreation	—		—		—		788		(788)
	$	3,038	$	63	$	3,101	$	8,281	$	(5,180)


					December 31, 2024
Segments:	Net Book Value at December 31, 2023		Foreign Currency Exchange		Net Book Value		Gross Carrying Amount		Accumulated Impairment Charges
Home and Commercial Solutions	$	747	$	—	$	747	$	4,052	$	(3,305)
Learning and Development	2,324		(33)		2,291		3,378		(1,087)
Outdoor and Recreation	—		—		—		788		(788)
	$	3,071	$	(33)	$	3,038	$	8,218	$	(5,180)


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value		Amortization Periods (In years)
Tradenames - indefinite life	$	553	$	—	$	553	$	844	$	—	$	844	N/A
Tradenames - other	537		(186)		351		531		(135)		396		2-15
Capitalized software (a)	212		(95)		117		661		(543)		118		3-12
Patents and intellectual property	—		—		—		13		(13)		—		3-14
Customer relationships and distributor channels	1,013		(400)		613		1,025		(375)		650		3-30

	$	2,315	$	(681)	$	1,634	$	3,074	$	(1,066)	$	2,008

Amortization expense for intangible assets was $125 million, $135 million and $109 million in 2025, 2024 and 2023, respectively.

At December 31, 2025, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):


Years ending December 31,	Amount
2026	$	114
2027	108
2028	96
2029	90
2030	86
Thereafter	587

During 2025, the Company elected to perform qualitative assessments for two indefinite-lived tradenames in the L&D segment, with total carrying values of $119 million. Based on the qualitative assessments, the Company concluded there were no events or circumstances that rise to a level that would more likely than not reduce the fair value of those indefinite-lived tradenames below the carrying value; therefore, a quantitative impairment analysis was not required for these indefinite-lived tradenames in the L&D segment. The Company elected to perform quantitative assessments for two indefinite-lived tradenames in both of the H&CS and L&D segments with total carrying values of $567 million and $203 million, respectively. The Company recorded non-cash impairment charges of $163 million and $127 million associated with two tradenames in the H&CS segment and $50 million associated with one tradename in the L&D segment, as the carrying values exceeded the fair values.

During 2025, the Company elected to perform a qualitative assessment for the Writing reporting unit, with goodwill of $1.93 billion and concluded that there were no events or circumstances that rise to a level that would more likely than not reduce the fair value of the reporting unit below the carrying value; therefore, a quantitative goodwill impairment analysis was not required for the Writing reporting unit. The Company elected to perform quantitative assessments for the Commercial and Baby reporting units with goodwill of $747 million and $415 million, respectively. Based on the Company’s quantitative assessments, no goodwill impairment charges were recorded for the Commercial and Baby reporting units.

The impairment charges for goodwill and indefinite-lived tradenames were recorded in the Company’s reporting segments as follows for the years ended December 31, (in millions):


	2025 (a)		2024 (b)		2023 (c)

Home and Commercial Solutions	$	290	$	275	$	76
Learning and Development	50		70		241
Outdoor and Recreation	—		—		22
	$	340	$	345	$	339

The Company continues to evaluate its brand strategy including the assessment of indefinite-lived criteria which may impact the future estimated intangible amortization.

Accumulated Other Comprehensive Income (Loss) - Schedule of Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 2,751	$ 3,112	$ 3,519
Other comprehensive income (loss) before reclassifications	(12)	(100)
Amounts reclassified to earnings	3	9
Total other comprehensive income (loss), net of tax	(9)	(91)	121
Ending Balance	2,391	2,751	3,112
AOCL
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(981)	(890)	(1,011)
Total other comprehensive income (loss), net of tax	(9)	(91)
Ending Balance	(990)	(981)	(890)
Cumulative Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(767)	(668)
Other comprehensive income (loss) before reclassifications	(16)	(100)
Amounts reclassified to earnings	0	1
Total other comprehensive income (loss), net of tax	(16)	(99)
Ending Balance	(783)	(767)	(668)
Pension and Postretirement Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(212)	(196)
Other comprehensive income (loss) before reclassifications	18	(14)
Amounts reclassified to earnings	(1)	(2)
Total other comprehensive income (loss), net of tax	17	(16)
Ending Balance	(195)	(212)	(196)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(2)	(26)
Other comprehensive income (loss) before reclassifications	(14)	14
Amounts reclassified to earnings	4	10
Total other comprehensive income (loss), net of tax	(10)	24
Ending Balance	$ (12)	$ (2)	$ (26)

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
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Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Employee Benefit and Retirement Plans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost recognized		$ 36	$ 34	$ 37
Projected benefit obligation related to underfunded or non-funded pension benefit plans		100	98
Fair value of plan assets related to underfunded or non-funded pension benefit plans		$ 29	27
NAV-based fund investments maximum redemption frequency		90 days
Equities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations		30.00%
Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations		65.00%
Multi Sector Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations		5.00%
Cash, Alternative Investments And Other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations		0.00%
Level 3
Defined Benefit Plan Disclosure [Line Items]
Plan assets		$ 11	10
United States
Defined Benefit Plan Disclosure [Line Items]
Plan assets		651	634
United States \| Equities
Defined Benefit Plan Disclosure [Line Items]
Plan assets		198	121
United States \| Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Plan assets		443	501
United States \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Plan assets		0	0
International
Defined Benefit Plan Disclosure [Line Items]
Plan assets		156	160
International \| Equities
Defined Benefit Plan Disclosure [Line Items]
Plan assets		8	8
International \| Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Plan assets		8	8
International \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Plan assets		11	10
International \| Level 3 \| Equities
Defined Benefit Plan Disclosure [Line Items]
Plan assets		0	0
International \| Level 3 \| Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Plan assets		0	0
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expense (income) expected to be amortized from AOCI in next fiscal year		5
Accumulated benefit obligation		783	799
Pension Benefits \| United States
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation		$ 579	$ 598	617
Discount rate		5.26%	5.51%
Projected benefit obligation included in current accrued liabilities		$ 0	$ 0
Projected benefit obligation included in other noncurrent liabilities		0	0
Periodic costs		(17)	(18)	50
Plan assets		652	634	668
Defined benefit plans, estimated future employer contributions, next fiscal year		0
Pension Benefits \| International
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation		$ 211	$ 208	244
Discount rate		4.31%	3.80%
Projected benefit obligation included in current accrued liabilities		$ 4	$ 4
Projected benefit obligation included in other noncurrent liabilities		67	68
Periodic costs		7	8	79
Plan assets		156	160	176
Defined benefit plans, estimated future employer contributions, next fiscal year		5
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Expense (income) expected to be amortized from AOCI in next fiscal year		(2)
Projected benefit obligation		23	25
Periodic costs		0	0	0
Plan assets		0	0
SERP
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance		111	142
investments in life insurance contracts at their cash surrender value, cash and mutual funds		127	148
Investments excluded from plan assets in excess of benefit obligation		47	62
Projected benefit obligation		80	86
Accumulated benefit obligation		$ 80	$ 86
Discount rate		4.44%	5.36%
Projected benefit obligation included in current accrued liabilities		$ 73	$ 10
Projected benefit obligation included in other noncurrent liabilities		7	76
Periodic costs		0	$ 0	$ 0
Net death benefits from life insurance policies, amount		$ 197
SERP \| Forecast \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Non-cash settlement charge	$ 8
SERP \| Forecast \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Non-cash settlement charge	$ 12

Share-Based Compensation - Schedule of Changes of Restricted Stock and Restricted Stock Units (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restricted Stock Unit
Restricted stock outstanding, beginning of period (in shares)	14.9
Restricted stock units granted (in shares)	8.5
Restricted stock units grant adjustment (in shares)	0.6
Restricted stock units vested (in shares)	(4.9)
Restricted stock units forfeited (in shares)	(1.9)
Restricted stock outstanding, end of period (in shares)	17.2	14.9
Restricted stock units expected to vest, end of period (in shares)	20.6
Weighted Average Grant Date Fair Value Per Share
Weighted-average grant date fair value per share, outstanding, beginning of period (per share)	$ 11
Granted, weighted-average grant date fair value (per share)	7	$ 8	$ 11
Grant adjustment, weighted-average grant date fair value (per share)	(10)
Vested, weighted-average grant date fair value (per share)	10
Forfeited, weighted-average grant date fair value (per share)	8
Weighted-average grant date fair value per share, outstanding, end of period (per share)	8	$ 11
Weighted-average grant date fair value expected to vest, end of period (per share)	$ 8

Leases - Schedule of Supplemental Cash Flow Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 156	$ 158	$ 162
Right of use assets obtained in exchange for lease liabilities:
Operating leases	$ 62	$ 76	$ 46

Segment Information - Additional Information (Details) - segment	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Number of operating segments	3
Number of reportable segments not disclosed flag
Compensation target percentage	100.00%
Amazon \| Revenue from Contract with Customer \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of sales by major customer	17.00%	15.00%	13.00%
Walmart \| Revenue from Contract with Customer \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of sales by major customer	13.00%	14.00%	15.00%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Employee Benefit and Retirement Plans

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Employee Benefit and Retirement Plans

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

The funded status of the Company’s defined benefit pension plans and postretirement benefit plans is recognized in the Consolidated Balance Sheets. The funded status is measured as the difference between the fair value of plan assets and the benefit obligation at December 31, the measurement date. For defined benefit pension and postretirement benefit plans, the benefit obligation is the projected benefit obligation (“PBO”), which represents the actuarial present value of benefits expected to be paid upon retirement based on employee services already rendered and estimated future compensation levels. The fair value of plan assets represents the current market value of assets held for the sole benefit of participants. Over funded plans, with the fair value of plan assets exceeding the benefit obligation, are aggregated and recorded as a prepaid pension asset equal to this excess. Underfunded plans, with the benefit obligation exceeding the fair value of plan assets, are aggregated and recorded as a retirement and postretirement benefit obligation equal to this excess. The current portion of the retirement and postretirement benefit obligations represents the actuarial present value of benefits payable in the next 12 months exceeding the fair value of plan assets, measured on a plan-by-plan basis. This obligation is recorded in other accrued liabilities in the Consolidated Balance Sheets. Net periodic pension and postretirement benefit cost/(income) is recorded in the Consolidated Statements of Operations and includes service cost, interest cost, expected return on plan assets, amortization of prior service costs/(credits) and (gains)/losses previously recognized as a component of AOCL and amortization of the net transition asset remaining in AOCL. The service cost component of net benefit cost is recorded in cost of products sold and SG&A in the Consolidated Statements of Operations (unless eligible for capitalization) based on the employees’ respective functions. The other components of net benefit cost are presented separately from service cost within other expense, net in the

Consolidated Statements of Operations. In 2026, the amount of AOCL expected to be recognized related to defined benefit pension and postretirement benefit plans is expense of $5 million and income of $2 million, respectively. (Gains)/losses and prior service costs/(credits) are recognized as a component of OCL in the Consolidated Statements of Comprehensive Income (Loss) as they arise. Those (gains)/losses and prior service costs/(credits) are subsequently recognized as a component of net periodic cost/(income) pursuant to the recognition and amortization provisions of applicable accounting guidance. (Gains)/losses arise as a result of differences between actual experience and assumptions or as a result of changes in actuarial assumptions. Prior service costs/(credits) represent the cost of benefit changes attributable to prior service granted in plan amendments.

The measurement of benefit obligations and net periodic cost/(income) is based on estimates and assumptions approved by the Company’s management. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age and years of service, as well as certain assumptions, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates.

The Company’s matching contributions to the Company’s contributory 401(k) plans were $36 million, $34 million and $37 million for 2025, 2024 and 2023, respectively.

Supplemental Executive Retirement Plans

The Company has supplemental executive retirement plans (“SERPs”), which includes features of both nonqualified defined benefit and defined contribution plans pursuant to which the Company will pay supplemental benefits to certain key employees upon retirement based upon the employees’ years of service and compensation. The SERPs are primarily funded through a trust agreement with a trustee that owns life insurance policies on both active and former key employees as well as cash and mutual funds. The life insurance contracts are accounted for using the investment method. All premiums paid and proceeds received associated with the life insurance policies are included as investing activities in the Consolidated Statements of Cash Flows.

In October 2025, the Company approved resolutions to terminate certain of the SERPs described above, held by the Company or certain of its subsidiaries, that provided certain participating senior executives with nonqualified, unfunded defined benefit-style retirement benefits (the “NQDB Plans”), in addition to authorizing qualified plan distributions under such plans. The Company issued written notices to all NQDB Plan participants regarding the terminations and planned lump-sum payments of accrued benefits. This approved termination and completed communication created an irrevocable commitment. All accrued benefit obligations will be settled through lump-sum payments utilizing the assets described below, which the Company anticipates occurring in the fourth quarter of 2026. At that time the Company will apply settlement accounting, which will result in the extinguishment of the Company's obligation and recognition of an estimated non-cash settlement charge of $8 million to $12 million.

The life insurance contracts funding the SERPs had a cash surrender value of $111 million at December 31, 2025 and $142 million at December 31, 2024. The value of the Company’s investments in the life insurance contracts at their cash surrender value, cash and mutual funds funding the SERPs as of December 31, 2025 and 2024, was $127 million and $148 million, respectively, and is included in other assets in the Consolidated Balance Sheets. Such asset values exceeded the Company’s SERPs obligation by $47 million and $62 million as of December 31, 2025 and 2024, respectively. The projected benefit obligation and accumulated benefit obligation under the SERPs was $80 million and $86 million at December 31, 2025 and 2024, respectively, utilizing a discount rate of 4.44% and 5.36%, respectively. A projected benefit obligation of $73 million and $10 million is included in current accrued liabilities and $7 million and $76 million is included in other noncurrent liabilities in the Consolidated Balance Sheets at December 31, 2025 and 2024, respectively. The periodic SERP costs were not material for the fiscal years ending December 31, 2025, 2024 and 2023. The life insurance policies on both active and former key employees had aggregate net death benefits of $197 million as of December 31, 2025.

Other Postretirement Employee Benefit Plans

Historically the Company provided other postretirement employee benefit plans (“OPEBs”) primarily in the form of health and welfare benefits to certain of its employees. All OPEBs are currently frozen and, therefore, are not eligible for active employees to accrue benefits. The Company’s OPEBs benefit obligations were $23 million and $25 million as of December 31, 2025 and 2024, respectively. There are no plan assets associated with the OPEBs; as such, the unfunded status of such plans is equal to the OPEB benefit obligations as of December 31, 2025 and 2024. The periodic OPEBs cost was not material for the years ended December 31, 2025, 2024 and 2023.

Defined Benefit Pension Plans

The following provides a reconciliation of benefit obligations, plan assets and funded status of the Company’s qualified noncontributory defined benefit pension plans, as well as other disclosures related to those plans at December 31, (dollars in millions):


	Pension Benefits
	United States						International
Change in benefit obligation:	2025			2024			2025			2024
Benefit obligation at beginning of year	$	598		$	617		$	208		$	244
Service cost	—			—			3			3
Interest cost	30			29			8			9
Actuarial (gain) loss	(1)			—			(11)			(4)
Amendments	—			—			—			(12)
Currency translation	—			—			21			(10)
Benefits paid	(48)			(48)			(13)			(13)

Curtailments, settlements and other	—			—			(5)			(9)
Benefit obligation at end of year (a)	$	579		$	598		$	211		$	208
Change in plan assets:
Fair value of plan assets at beginning of year (b)	634			668			160			176
Actual return on plan assets	66			14			—			1
Contributions	—			—			—			8
Currency translation	—			—			13			(6)
Benefits paid	(48)			(48)			(13)			(13)

Settlements and other	—			—			(4)			(6)
Fair value of plan assets at end of year	$	652		$	634		$	156		$	160
Funded status at end of year	$	73		$	36		$	(55)		$	(48)
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	$	73		$	36		$	16		$	24
Accrued benefit cost:
Current benefit cost—other accrued liabilities	—			—			(4)			(4)
Noncurrent benefit cost— other noncurrent liabilities	—			—			(67)			(68)
Net amount recognized	$	73		$	36		$	(55)		$	(48)

Assumptions
Weighted-average assumptions used to determine benefit obligation:
Discount rate	5.26		%	5.51		%	4.31		%	3.80		%
Long-term rate of compensation increase	—		%	—		%	2.27		%	2.39		%

(a)The accumulated benefit obligation for all defined benefit pension plans was $783 million and $799 million at December 31, 2025 and 2024, respectively.

The projected benefit obligation and associated fair value of plan assets related to underfunded or non-funded pension benefit plans was $100 million and $29 million and $98 million and $27 million as of December 31, 2025 and 2024, respectively. The aforementioned projected benefit obligation and associated fair value of plan assets related to underfunded or non-funded pension benefit plans approximates the accumulated benefit obligations and associated fair value of plan assets at December 31, 2025 and 2024.

Defined Benefit Pension Expense

The components of pension expense for the periods indicated are as follows (dollars in millions):


	Pension Benefits
	United States									International
	2025			2024			2023			2025			2024			2023
Service cost	$	—		$	—		$	—		$	3		$	3		$	3
Interest cost	30			29			39			8			9			15
Expected return on plan assets	(48)			(47)			(52)			(5)			(6)			(11)
Amortization:
Prior service cost	—			—			—			—			1			3
Net actuarial loss	1			—			3			1			2			3
Curtailment, settlement and termination costs	—			—			60			—			(1)			66
Total (income) expense	$	(17)		$	(18)		$	50		$	7		$	8		$	79
Assumptions
Weighted average assumptions used to calculate net periodic cost:
Effective discount rate for benefit obligations	5.51		%	4.94		%	5.36		%	3.81		%	3.82		%	4.07		%
Effective rate for interest on benefit obligations	5.19		%	4.85		%	5.24		%	3.65		%	3.75		%	4.00		%
Effective rate for service cost	—		%	—		%	—		%	2.48		%	2.57		%	3.20		%
Effective rate for interest on service cost	—		%	—		%	—		%	2.31		%	2.48		%	3.06		%
Long-term rate of return on plan assets	6.50		%	6.00		%	5.88		%	2.70		%	3.99		%	3.61		%
Long-term rate of compensation increase	—		%	—		%	—		%	2.40		%	2.37		%	2.41		%

The components of net periodic pension costs other than the service cost component are included in other expense, net in the Consolidated Statements of Operations.

Defined Benefit Pension Plan Assets

The Company employs a total return investment approach for its pension plans whereby a mix of equities and fixed income investments are used to optimize the long-term return of pension plan assets. The intent of this strategy is to minimize plan expenses by outperforming plan liabilities over the long run. Risk tolerance is established through careful consideration of plan liabilities, plan funded status, and the Company’s financial condition.

The investment portfolios contain a diversified blend of equity and fixed-income investments. The equity investments are diversified across geography and market capitalization through investments in U.S. large-capitalization stocks, U.S. small-capitalization stocks and international securities. The fixed income investments are primarily comprised of investment-grade and high-yield securities through investments in corporate and government bonds, government agencies and asset-backed securities. The Level 1 investments are primarily based upon quoted market prices. The Level 2 investments are primarily comprised of insurance contracts whose fair values are estimated based on the future cash flows to be received under the contracts discounted to the present using a discount rate that approximates the discount rate used to measure the associated pension plan liabilities. International Level 3 investments are primarily comprised of insurance contracts valued at contract value. Investment risk is measured and monitored on an ongoing basis through annual liability measurements, periodic asset/liability studies and quarterly investment portfolio reviews. There were no domestic Level 3 investments at December 31, 2025 and 2024. The investments excluded from the fair value hierarchy are net asset value-based (“NAV-based”) hedge fund investments that generally have a redemption frequency of 90 days or less, with various redemption notice periods that are generally less than a month. The notice periods for certain investments may vary based on the size of the redemption.

The expected long-term rate of return for plan assets is based upon many factors, including expected asset allocations, historical asset returns, current and expected future market conditions, risk and active management premiums. The expected long-term rate of return is adjusted when there are fundamental changes in expected returns on the Company’s defined benefit pension plan’s investments. The target asset allocations for the Company’s domestic pension plans may vary by plan, based in part on plan demographics, funded status and liability duration. In general, the Company’s target asset allocations are as follows: equities approximately 30%; fixed income approximately 65%; multi-sector fixed-income approximately 5% and nominal for cash, alternative investments and other at December 31, 2025. Actual asset allocations may vary from the targeted allocations for various reasons, including market conditions and the timing of transactions. The Company maintains numerous international defined benefit pension plans. The asset

allocations for the international investment may vary by plan and jurisdiction and are primarily based upon the plan structure and plan participant profile.

The composition of domestic pension plan assets at December 31, 2025 and 2024 is as follows (in millions):


	Plan Assets — Domestic Plans
	December 31, 2025
	Fair Value Measurements
Asset Category	Level 1		Level 2		Subtotal		NAV-based assets		Total
Equity securities and funds	$	—	$	—	$	—	$	198	$	198
Fixed income securities and funds	161		—		161		282		443
Alternative investments	—		—		—		1		1
Cash and other	7		2		9		—		9
Total	$	168	$	2	$	170	$	481	$	651


	Plan Assets — Domestic Plans
	December 31, 2024
	Fair Value Measurements
Asset Category	Level 1		Level 2		Subtotal		NAV-based assets		Total
Equity securities and funds	$	—	$	—	$	—	$	121	$	121
Fixed income securities and funds	249		—		249		252		501
Alternative investments	—		—		—		1		1
Cash and other	9		2		11		—		11
Total	$	258	$	2	$	260	$	374	$	634

The composition of international pension plan assets at December 31, 2025 and 2024 is as follows (in millions):


	Plan Assets — International Plans
	Fair Value Measurements
	December 31, 2025								December 31, 2024
Asset Category	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Equity securities and funds	$	4	$	4	$	—	$	8	$	4	$	4	$	—	$	8
Fixed income securities and funds	3		5		—		8		3		5		—		8
Cash, insured assets and other	6		123		11		140		3		131		10		144
Total	$	13	$	132	$	11	$	156	$	10	$	140	$	10	$	160

A reconciliation of the change in fair value of the defined benefit plans’ assets using significant unobservable inputs (Level 3) for 2025 and 2024 is as follows (in millions):


	Total
Balance at December 31, 2024	$	10
Unrealized gain	1
Balance at December 31, 2025	$	11

Defined Benefit Pension Plan Contributions and Estimated Future Benefit Payments

During 2026, the Company expects to make no cash contributions to its domestic defined benefit plan and approximately $5 million to its international defined benefit plans.

Estimated future benefit payments under the Company’s defined benefit pension plans are as follows at December 31, 2025 (in millions):


	2026		2027		2028		2029		2030		Thereafter
Pension benefits	$	67	$	68	$	66	$	68	$	66	$	313

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
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+ Details

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2025 USD ($) country	Dec. 31, 2025 USD ($) country segment unit	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Basis of Presentation and Significant Accounting Policies [Line Items]
Number of countries in which entity products are sold (over) \| country	150	150
Number of operating segments \| segment		3
Number of reporting units \| unit		6
Restricted cash	$ 17	$ 17	$ 21	$ 29	$ 16
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable	Accounts payable
Supplier finance program payments terms	120 days	120 days	130 days
Accounts receivable typical maximum payment terms		90 days
Advertising expense		$ 429	$ 417	371
Research and development expense		114	123	$ 117
Financial Institution One
Basis of Presentation and Significant Accounting Policies [Line Items]
Maximum receivables to be sold under factoring agreement	$ 700	700
Outstanding receivables sold	270	270	270
Financial Institution Two
Basis of Presentation and Significant Accounting Policies [Line Items]
Maximum receivables to be sold under factoring agreement	225	225
Outstanding receivables sold	125	$ 125	$ 145
Factoring agreement term		3 years
Increase in factored receivables allowed under agreement	275	$ 275
Trade Names
Basis of Presentation and Significant Accounting Policies [Line Items]
Intangible asset impairment charge	$ 340
Minimum
Basis of Presentation and Significant Accounting Policies [Line Items]
Number of countries in which entity operates (more than) \| country	45	45

Employee Benefit and Retirement Plans - Schedule of Composition of International Pension Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	$ 156	$ 160
International \| Equity securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	8	8
International \| Fixed income securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	8	8
International \| Cash, insured assets and other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	140	144
Level 1 \| International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	13	10
Level 1 \| International \| Equity securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	4	4
Level 1 \| International \| Fixed income securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	3	3
Level 1 \| International \| Cash, insured assets and other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	6	3
Level 2 \| International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	132	140
Level 2 \| International \| Equity securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	4	4
Level 2 \| International \| Fixed income securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	5	5
Level 2 \| International \| Cash, insured assets and other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	123	131
Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	11	10
Level 3 \| International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	11	10
Level 3 \| International \| Equity securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| International \| Fixed income securities and funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| International \| Cash, insured assets and other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	$ 11	$ 10

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Employee Benefit and Retirement Plans - Schedule of Reconciliation of Benefit Obligations, Plan Assets and Funded Status (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
United States
Change in plan assets:
Fair value of plan assets at beginning of year	$ 634
Fair value of plan assets at end of year	651	$ 634
International
Change in plan assets:
Fair value of plan assets at beginning of year	160
Fair value of plan assets at end of year	156	160
Pension Benefits
Weighted-average assumptions used to determine benefit obligation:
Accumulated benefit obligation	783	799
Pension Benefits \| United States
Change in benefit obligation:
Benefit obligation at beginning of year	598	617
Service cost	0	0	$ 0
Interest cost	30	29	39
Actuarial (gain) loss	(1)	0
Amendments	0	0
Currency translation	0	0
Benefits paid	(48)	(48)
Curtailments, settlements and other	0	0
Benefit obligation at end of year	579	598	617
Change in plan assets:
Fair value of plan assets at beginning of year	634	668
Actual return on plan assets	66	14
Contributions	0	0
Currency translation	0	0
Benefits paid	(48)	(48)
Settlements and other	0	0
Fair value of plan assets at end of year	652	634	668
Funded status at end of year	73	36
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	73	36
Accrued benefit cost:
Current benefit cost—other accrued liabilities	0	0
Noncurrent benefit cost— other noncurrent liabilities	0	0
Net amount recognized	$ 73	$ 36
Weighted-average assumptions used to determine benefit obligation:
Discount rate	5.26%	5.51%
Long-term rate of compensation increase	0.00%	0.00%
Pension Benefits \| International
Change in benefit obligation:
Benefit obligation at beginning of year	$ 208	$ 244
Service cost	3	3	3
Interest cost	8	9	15
Actuarial (gain) loss	(11)	(4)
Amendments	0	(12)
Currency translation	21	(10)
Benefits paid	(13)	(13)
Curtailments, settlements and other	(5)	(9)
Benefit obligation at end of year	211	208	244
Change in plan assets:
Fair value of plan assets at beginning of year	160	176
Actual return on plan assets	0	1
Contributions	0	8
Currency translation	13	(6)
Benefits paid	(13)	(13)
Settlements and other	(4)	(6)
Fair value of plan assets at end of year	156	160	$ 176
Funded status at end of year	(55)	(48)
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	16	24
Accrued benefit cost:
Current benefit cost—other accrued liabilities	(4)	(4)
Noncurrent benefit cost— other noncurrent liabilities	(67)	(68)
Net amount recognized	$ (55)	$ (48)
Weighted-average assumptions used to determine benefit obligation:
Discount rate	4.31%	3.80%
Long-term rate of compensation increase	2.27%	2.39%

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The following tables display the components of accumulated other comprehensive income (loss) (“AOCL”), net of tax, as of and for the years ended December 31, 2025 and 2024 (in millions):


	Cumulative Translation Adjustment		Pension and Postretirement Costs		Derivative Financial Instruments		AOCL
Balance at December 31, 2023	$	(668)	$	(196)	$	(26)	$	(890)
Other comprehensive income (loss) before reclassifications	(100)		(14)		14		(100)
Amounts reclassified to earnings	1		(2)		10		9
Net current period other comprehensive income (loss)	(99)		(16)		24		(91)
Balance at December 31, 2024	$	(767)	$	(212)	$	(2)	$	(981)
Other comprehensive income (loss) before reclassifications	(16)		18		(14)		(12)
Amounts reclassified to earnings	—		(1)		4		3
Net current period other comprehensive income (loss)	(16)		17		(10)		(9)
Balance at December 31, 2025	$	(783)	$	(195)	$	(12)	$	(990)

Schedule of Reclassifications from AOCL to Results of Operations

Reclassifications from AOCL to the results of operations for the years ended December 31, were pretax (income) expense of (in millions):


	2025		2024		2023
Cumulative translation adjustment	$	—	$	1	$	11
Pension and postretirement costs (a)	(1)		(2)		130
Derivative financial instruments (b)	5		13		5

(a)See Footnote 10 for further information.

(b)See Footnote 9 for further information.

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

The income tax provision (benefit) allocated to the components of AOCL for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Foreign currency translation adjustments	$	(64)	$	33	$	(20)
Pension and postretirement costs	6		(5)		36
Derivative financial instruments	(3)		8		(4)
Income tax provision (benefit) related to AOCL	$	(61)	$	36	$	12

Employee Benefit and Retirement Plans - Schedule of Estimated Future Benefit Payments (Details) - Pension Benefits $ in Millions	Dec. 31, 2025 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2026	$ 67
2027	68
2028	66
2029	68
2030	66
Thereafter	$ 313

Employee Benefit and Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Schedule of Reconciliation of Benefit Obligations, Plan Assets and Funded Status


	Pension Benefits
	United States						International
Change in benefit obligation:	2025			2024			2025			2024
Benefit obligation at beginning of year	$	598		$	617		$	208		$	244
Service cost	—			—			3			3
Interest cost	30			29			8			9
Actuarial (gain) loss	(1)			—			(11)			(4)
Amendments	—			—			—			(12)
Currency translation	—			—			21			(10)
Benefits paid	(48)			(48)			(13)			(13)

Curtailments, settlements and other	—			—			(5)			(9)
Benefit obligation at end of year (a)	$	579		$	598		$	211		$	208
Change in plan assets:
Fair value of plan assets at beginning of year (b)	634			668			160			176
Actual return on plan assets	66			14			—			1
Contributions	—			—			—			8
Currency translation	—			—			13			(6)
Benefits paid	(48)			(48)			(13)			(13)

Settlements and other	—			—			(4)			(6)
Fair value of plan assets at end of year	$	652		$	634		$	156		$	160
Funded status at end of year	$	73		$	36		$	(55)		$	(48)
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	$	73		$	36		$	16		$	24
Accrued benefit cost:
Current benefit cost—other accrued liabilities	—			—			(4)			(4)
Noncurrent benefit cost— other noncurrent liabilities	—			—			(67)			(68)
Net amount recognized	$	73		$	36		$	(55)		$	(48)

Assumptions
Weighted-average assumptions used to determine benefit obligation:
Discount rate	5.26		%	5.51		%	4.31		%	3.80		%
Long-term rate of compensation increase	—		%	—		%	2.27		%	2.39		%

(a)The accumulated benefit obligation for all defined benefit pension plans was $783 million and $799 million at December 31, 2025 and 2024, respectively.

Schedule of Defined Benefit Pension Expense

The components of pension expense for the periods indicated are as follows (dollars in millions):


	Pension Benefits
	United States									International
	2025			2024			2023			2025			2024			2023
Service cost	$	—		$	—		$	—		$	3		$	3		$	3
Interest cost	30			29			39			8			9			15
Expected return on plan assets	(48)			(47)			(52)			(5)			(6)			(11)
Amortization:
Prior service cost	—			—			—			—			1			3
Net actuarial loss	1			—			3			1			2			3
Curtailment, settlement and termination costs	—			—			60			—			(1)			66
Total (income) expense	$	(17)		$	(18)		$	50		$	7		$	8		$	79
Assumptions
Weighted average assumptions used to calculate net periodic cost:
Effective discount rate for benefit obligations	5.51		%	4.94		%	5.36		%	3.81		%	3.82		%	4.07		%
Effective rate for interest on benefit obligations	5.19		%	4.85		%	5.24		%	3.65		%	3.75		%	4.00		%
Effective rate for service cost	—		%	—		%	—		%	2.48		%	2.57		%	3.20		%
Effective rate for interest on service cost	—		%	—		%	—		%	2.31		%	2.48		%	3.06		%
Long-term rate of return on plan assets	6.50		%	6.00		%	5.88		%	2.70		%	3.99		%	3.61		%
Long-term rate of compensation increase	—		%	—		%	—		%	2.40		%	2.37		%	2.41		%

Schedule of Composition of Pension Plan Assets

The composition of domestic pension plan assets at December 31, 2025 and 2024 is as follows (in millions):


	Plan Assets — Domestic Plans
	December 31, 2025
	Fair Value Measurements
Asset Category	Level 1		Level 2		Subtotal		NAV-based assets		Total
Equity securities and funds	$	—	$	—	$	—	$	198	$	198
Fixed income securities and funds	161		—		161		282		443
Alternative investments	—		—		—		1		1
Cash and other	7		2		9		—		9
Total	$	168	$	2	$	170	$	481	$	651


	Plan Assets — Domestic Plans
	December 31, 2024
	Fair Value Measurements
Asset Category	Level 1		Level 2		Subtotal		NAV-based assets		Total
Equity securities and funds	$	—	$	—	$	—	$	121	$	121
Fixed income securities and funds	249		—		249		252		501
Alternative investments	—		—		—		1		1
Cash and other	9		2		11		—		11
Total	$	258	$	2	$	260	$	374	$	634

The composition of international pension plan assets at December 31, 2025 and 2024 is as follows (in millions):


	Plan Assets — International Plans
	Fair Value Measurements
	December 31, 2025								December 31, 2024
Asset Category	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Equity securities and funds	$	4	$	4	$	—	$	8	$	4	$	4	$	—	$	8
Fixed income securities and funds	3		5		—		8		3		5		—		8
Cash, insured assets and other	6		123		11		140		3		131		10		144
Total	$	13	$	132	$	11	$	156	$	10	$	140	$	10	$	160

Schedule of Change in Fair Value Measurement of Defined Benefit Plan Assets Using Significant Unobservable Inputs (Level 3)

A reconciliation of the change in fair value of the defined benefit plans’ assets using significant unobservable inputs (Level 3) for 2025 and 2024 is as follows (in millions):


	Total
Balance at December 31, 2024	$	10
Unrealized gain	1
Balance at December 31, 2025	$	11

Schedule of Estimated Future Benefit Payments

Estimated future benefit payments under the Company’s defined benefit pension plans are as follows at December 31, 2025 (in millions):


	2026		2027		2028		2029		2030		Thereafter
Pension benefits	$	67	$	68	$	66	$	68	$	66	$	313

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2022	$ 3,519	$ 439	$ (623)	$ 7,052	$ (2,338)	$ (1,011)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(267)				(388)	121
Dividends declared on common stock	(185)			(185)
Equity compensation, net of tax	45	1	(4)	48
Ending Balance at Dec. 31, 2023	3,112	440	(627)	6,915	(2,726)	(890)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(307)				(216)	(91)
Dividends declared on common stock	(121)			(121)
Equity compensation, net of tax	67	2	(7)	72
Ending Balance at Dec. 31, 2024	2,751	442	(634)	6,866	(2,942)	(981)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(294)				(285)	(9)
Dividends declared on common stock	(123)			(123)
Equity compensation, net of tax	57	5	(10)	62
Ending Balance at Dec. 31, 2025	$ 2,391	$ 447	$ (644)	$ 6,805	$ (3,227)	$ (990)

- Definition

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

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

+ Details

Basis of Presentation and Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Significant Accounting Policies

Description of Business

Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments. The Company sells its products in over 150 countries around the world and has operations on the ground in more than 45 of these countries, excluding third-party distributors. The Company has three operating segments: Home and Commercial Solutions (“H&CS”), Learning and Development (“L&D”) and Outdoor and Recreation (“O&R”).

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America (“U.S.”) and include the consolidated accounts of the Company and its majority-owned subsidiaries after elimination of intercompany transactions and balances.

The preparation of these consolidated financial statements requires the use of certain estimates and assumptions by management in determining the Company’s assets, liabilities, sales and expenses, and related disclosures. Significant estimates in these Consolidated Financial Statements include restructuring charges, estimates of future cash flows associated with asset impairments, useful lives for depreciation and amortization, loss contingencies (including legal, environmental and product liability reserves), net realizable value of inventories, estimated contract revenue and related variable consideration, capitalized software costs, income taxes, uncertain tax provisions, tax valuation allowances, and pension and postretirement employee benefit liabilities and expenses. Actual results could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year presentation.

Use of Estimates and Risks

Management’s application of U.S. GAAP in preparing the Company’s consolidated financial statements requires the pervasive use of estimates and assumptions. The Company continues to be impacted by inflationary pressures, soft global demand, major retailers’ focus on tight control over their inventory levels, fluctuating interest rates and indirect macroeconomic impacts from geopolitical conflicts as well as new tariffs imposed by the current U.S. presidential administration and other countries’ retaliatory actions in response to such tariffs. The Company continues to deploy a mitigation strategy designed to offset the impact of this tariff exposure through a number of actions, including pricing, productivity and in some cases relocation of manufacturing. These collective macroeconomic trends, the duration or severity of which are highly uncertain, are still changing the retail and consumer landscape and continue to negatively impact the Company’s operating results, cash flows and financial condition and are to some degree expected to persist into 2026. As consumers continue to face widespread increases in prices and fluctuating interest rates, their discretionary spending and purchase patterns may continue to be unfavorably impacted. The high level of uncertainty of these factors has resulted in estimates and assumptions that have the potential for more variability and are more subjective. In addition, some of the other inherent estimates and assumptions used in the Company’s forecasted results of operations and cash flows that form the basis of the determination of the fair value of the reporting units for goodwill and indefinite-lived intangible asset impairment testing are outside the control of management, including interest rates, cost of capital, tax rates, tariffs, industry growth, credit ratings, foreign exchange rates and labor inflation. Although management has made its best estimates and assumptions based upon current information, actual results could materially differ given the uncertainty of these factors and may require future changes to such estimates and assumptions, including reserves, which may result in future expense or impairment charges. In addition, the Company has experienced a significant sustained decline in its market capitalization as a result of a decrease in its stock price, resulting in the Company’s market capitalization being less than its consolidated stockholders’ equity. If there are further declines in the Company’s stock price, macroeconomic conditions, or industry and market conditions that may impact the current and forecasted financial performance of each reporting unit, the Company may need to record a non-cash impairment charge, which could be material, in a future period.

During the fourth quarter of 2025, in conjunction with the Company’s annual impairment testing, the Company recorded an aggregate non-cash impairment charge of $340 million for indefinite-lived tradenames in the H&CS and L&D segments as the carrying values exceeded the fair values.

Significant Accounting Policies

Concentration of Credit Risk

The Company’s forward exchange contracts generally do not subject the Company to risk due to foreign exchange rate movement, because gains and losses on these instruments generally offset gains and losses on the assets, liabilities and other transactions being hedged. The Company is exposed to credit-related losses in the event of non-performance by counterparties to certain derivative financial instruments. The Company does not obtain collateral or other security to support derivative financial instruments subject to credit risk, but monitors the credit standing of its counterparties.

Revenue Recognition

The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied or at a point in time, which generally occurs either on shipment or on delivery based on contractual terms, when control is transferred. The Company’s primary performance obligation is the sale and distribution of its consumer and commercial products to its customers.

Revenue is measured as the amount of consideration to which it expects to be entitled in exchange for transferring goods or providing services. Certain customers may receive cash and/or non-cash incentives such as cash discounts, returns, credits or reimbursements related to defective products, customer discounts (such as volume or trade discounts), cooperative advertising and other customer-related programs, which are accounted for as variable consideration. In some cases, the Company applies judgment when estimating variable consideration by evaluating contractual rates and historical payment trends.

In addition, the Company participates in various programs and arrangements with customers designed to increase the sale of products by these customers. Among the programs negotiated are arrangements under which allowances are earned by customers for attaining agreed-upon sales levels or for participating in specific marketing programs. Coupon programs are also developed on a customer- and territory-specific basis.

Under customer programs and arrangements that require sales incentives to be paid in advance, the Company amortizes the amount paid over the period of benefit or contractual sales volume. When incentives are paid in arrears, the Company accrues the estimated amount to be paid based on the program’s contractual terms, expected customer performance and/or estimated sales volume. These estimates are determined using historical customer experience and other factors, which sometimes require significant judgment. Due to the length of time necessary to obtain relevant data from customers, among other factors, actual amounts paid can differ from these estimates.

Sales taxes and other similar taxes are excluded from revenue. The Company has elected to account for shipping and handling activities as a fulfillment cost. The Company also elected not to disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed.

Goodwill and Indefinite-Lived Intangibles

Goodwill and indefinite-lived intangibles are tested and reviewed for impairment annually during the fourth quarter (on December 1), or more frequently if facts and circumstances warrant.

Goodwill

Goodwill is tested for impairment at a reporting unit level, and all of the Company’s goodwill is assigned to its reporting units. Reporting units are determined based upon the Company’s organizational structure in place at the date of the goodwill impairment testing and generally are one level below the operating segment level. The Company’s operations are comprised of six reporting units, within its three primary operating segments. The Company has the option of first analyzing qualitative factors to determine whether it is more likely than not that the fair value of any reporting unit is less than its carrying amount. However, the Company may elect to perform a quantitative goodwill impairment test in lieu of the qualitative test.

When a qualitative goodwill test is performed, the Company analyzes factors to determine whether it is more likely than not that the fair value of a reporting unit is less than the carrying amount as a basis for determining whether it is necessary to perform the quantitative goodwill impairment test. The evaluation of qualitative factors includes an assessment of relevant facts, events, and circumstances including but not limited to: macroeconomic conditions,

industry and market conditions, and the current and forecasted financial performance of the reporting unit. If the qualitative test indicates it is more likely than not that the fair value of a reporting unit is less than the carrying amount the Company performs the quantitative test, which measures the amount of the goodwill impairment, if any.

In performing a quantitative assessment, the Company estimates the fair value of each reporting unit by using the income approach. The quantitative goodwill impairment test requires significant use of judgment and assumptions, such as the identification of reporting units; assignment of assets and liabilities to reporting units; and estimation of future cash flows (including net sales, gross profit and operating expenses), terminal values, discount rates and total enterprise value.

The income approach used is the discounted cash flow methodology and is based on five-year cash flow projections reflecting the Company’s latest projections which included, among other things, the impact of current and projected financial performance of the reporting unit at the time the Company performed its impairment testing. The cash flows projected are analyzed on a debt-free basis (before cash payments to equity and interest-bearing debt investors) in order to develop an enterprise value from operations for the reporting unit. A provision is made, based on these projections, for the value of the reporting unit at the end of the forecast period, or terminal value. The present value of the finite-period cash flows and the terminal value are determined using a selected discount rate. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations.

Indefinite-lived intangibles

As part of the Company’s annual indefinite-lived intangible asset impairment testing (primarily tradenames), the Company has the option to first analyze qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. The evaluation of qualitative factors includes an assessment of relevant facts, events, and circumstances including but not limited to: macroeconomic conditions, industry and market conditions, and the current and forecasted financial performance. The Company performs a quantitative test when qualitative factors alone are not sufficient to conclude whether it is more likely than not that an indefinite-lived intangible asset is not impaired. If the Company performs a quantitative test, an impairment loss will only be recognized for the amount by which the carrying value of the indefinite-lived intangible asset exceeds its fair value, not to exceed the total carrying value of the asset.

The quantitative testing of indefinite-lived intangibles under established guidelines for impairment requires significant use of judgment and assumptions (such as estimation of future cash flows, royalty rates, terminal values and discount rates). An indefinite-lived intangible asset is impaired by the amount by which its carrying value exceeds its estimated fair value. For impairment testing purposes, the fair value of indefinite-lived intangibles is determined using either the relief from royalty method or the excess earnings method. The relief from royalty method estimates the value of a tradename by discounting the hypothetical avoided royalty payments to their present value over the economic life of the asset. The excess earnings method estimates the value of the intangible asset by quantifying the residual (or excess) cash flows generated by the asset and discounts those cash flows to the present. The excess earnings methodology requires the application of contributory asset charges. Contributory asset charges typically include assumed payments for the use of working capital, tangible assets and other intangible assets. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations.

Other Long-Lived Assets

The Company continuously evaluates whether impairment indicators related to its property, plant and equipment, operating leases and other long-lived assets are present. These impairment indicators may include a significant decrease in the market price of a long-lived asset or asset group, early termination of an operating lease, a significant adverse change to the extent or manner in which a long-lived asset or asset group is being used or in its physical condition, or a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group. If impairment indicators are present, the Company estimates the future cash flows for the asset or group of assets. The sum of the undiscounted future cash flows attributable to the asset or group of assets is compared to their carrying amount. The cash flows are estimated utilizing various assumptions regarding future sales and expenses, working capital and proceeds from asset disposals on a basis consistent with the Company’s forecasts. If the carrying amount exceeds the sum of the undiscounted future cash flows, the Company discounts the future cash flows using a discount rate required for a similar investment of like risk and records an impairment charge as the difference between the fair value and the carrying value of the asset group. The Company performs its testing of the asset group at the reporting unit level, as this

is the lowest level for which identifiable cash flows are available, with the exception of the Yankee Candle business, where testing is performed at the retail store level.

Sales of Accounts Receivable

The Company maintains a factoring agreement with a financial institution to sell certain customer receivables (the “Customer Receivables Purchase Agreement”) up to $700 million, of eligible accounts receivable. During the years ended December 31, 2025, 2024 and 2023, the Company factored receivables pursuant to the Customer Receivables Purchase Agreement. The following table sets forth proceeds received and amount collected from customers and remitted to the financial institution for the years ended December 31, (in millions):


	2025		2024		2023
Proceeds received	$	2,895	$	2,984	$	3,099
Collected from customers and remitted to financial institution	2,889		2,964		3,285

Outstanding receivables sold under the Customer Receivables Purchase Agreement were approximately $270 million at both December 31, 2025 and 2024.

In addition, the Company, through a wholly-owned special purpose entity (“SPE”), has a three-year factoring agreement with a financial institution to sell certain customer receivables up to $225 million, between February and April of each year, and up to $275 million at all other times, of eligible accounts receivable without recourse on a revolving basis (the “Receivables Facility”). Under the Receivables Facility, certain of the Company’s subsidiaries continuously sell their accounts receivables, originated in the U.S. (but excluding those sold under the Customer Receivables Purchase Agreement described above), to the SPE, which then sells the receivables to the financial institution. The SPE is a variable interest entity for which the Company is considered to be the primary beneficiary. The SPE’s sole business consists of the purchase of receivables from certain subsidiaries of the Company and the subsequent transfer of such receivables to the financial institution. Although the SPE is included in the Company’s consolidated financial statements, it is a separate legal entity with separate creditors. The assets of the SPE are not available to pay creditors of the Company or its subsidiaries. The fair value of these servicing arrangements as well as the fees earned was immaterial. During the years ended December 31, 2025, 2024 and 2023, the Company factored receivables pursuant to the Receivables Facility. The following table sets forth proceeds received and amount collected from customers and remitted to the financial institution for the years ended December 31, (in millions):


	2025		2024		2023
Proceeds received	$	1,164	$	1,262	$	279
Collected from customers and remitted to financial institution	1,190		1,159		226

Outstanding receivables sold under the Receivables Facility at December 31, 2025 and 2024 were approximately $125 million and $145 million, respectively.

Generally, for a receivable to be eligible under either program, the Company must have fulfilled its performance obligations and be contractually entitled to payment for such, based on a valid receivable that is not past due at the time of factoring the underlying receivable. The Company accounts for receivables sold to the financial institutions under both factoring agreements as a sale of financial assets and derecognizes the trade receivables from the Company’s Consolidated Balance Sheets. The Company classifies the proceeds received from the sales of accounts receivable to the financial institutions as an operating cash flow and collections of accounts receivables not yet remitted to the financial institutions as financing cash flow in the Consolidated Statements of Cash Flows, and such collections are classified as restricted cash (included in prepaid expenses and other current assets) on the Company’s Consolidated Balance Sheets. Restricted cash related to both programs was $17 million, $21 million and $29 million at December 31, 2025, 2024 and 2023, respectively. The Company records the discounts as other expense, net in the Consolidated Statements of Operations.

Supplier Finance Program Obligations

The Company has an arrangement with a third-party vendor which provides a service for the Company’s suppliers, at their sole discretion, to sell their receivables due from the Company to various financial institutions, who at their sole discretion, contract with the third-party vendor to participate in the supplier finance program (the “SF Program”).

The Company and its suppliers agree on contractual terms for the goods and services procured, including prices, quantities and payment terms, regardless of whether the supplier elects to participate in the SF Program. The suppliers sell goods or services, as applicable, to the Company and issue the associated invoices to the Company based on the agreed-upon contractual terms. Suppliers that participate in the SF Program, at their sole discretion, determine which invoices, if any, they want to sell to the third-party vendor. The suppliers’ voluntary inclusion of invoices in the SF Program does not change the Company’s existing contractual terms with its suppliers. The Company does not provide any guarantees or collateral under the SF Program, nor does it have any economic interest in a supplier’s decision to participate in the SF Program. Amounts due to suppliers participating in the SF Program are included in accounts payable in the Consolidated Balance Sheets and amounts paid to suppliers participating in the SF Program are classified as operating cash flows in the Consolidated Statements of Cash Flows. During the years ended December 31, 2025 and 2024, supplier payment terms for those participating in the program averaged approximately 120 and 130 days, respectively.


	2025		2024
Balance at beginning of period	$	14	$	96
Invoices participating in the SF Program	76		137
Invoices paid to the third-party vendor	(79)		(219)

Balance at end of period	$	11	$	14

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include cash on hand and highly liquid investments that have an original maturity of three months or less when purchased. Restricted cash reflects cash received on previously sold customer receivables in connection with the factoring programs that are required to be remitted to a financial institution. Restricted cash is reported as prepaid expenses and other current assets on the Consolidated Balance Sheets.

Accounts Receivable, Net

Accounts receivable, net, include amounts billed and due from customers. Payment terms vary but generally are 90 days or less. An allowance for expected credit losses is based on the amount ultimately expected to be collected from the customer. The Company evaluates the collectability of accounts receivable based on a combination of factors including the length of time the receivables are past due, historical collection experience, current market conditions and forecasted direction of economic and business environment. Accounts deemed uncollectible are written off, net of expected recoveries.

Capitalized Software Costs

The Company capitalizes costs associated with internal-use software during the application development stage after both the preliminary project stage has been completed and the Company’s management has authorized and committed to funding for further project development. Capitalized internal-use software costs include: (i) external direct costs of materials and services consumed in developing or obtaining the software; (ii) payroll and payroll-related costs for employees who are directly associated with and who devote time directly to the project; and (iii) interest costs incurred while developing the software. Capitalization of these costs ceases no later than the point at which the project is substantially complete and ready for its intended purpose. The Company expenses as incurred research and development, general and administrative, and indirect costs associated with internal-use software. In addition, the Company expenses as incurred training, maintenance and other internal-use software costs incurred during the post-implementation stage. Costs associated with upgrades and enhancements of internal-use software are capitalized only if such modifications result in additional functionality of the software. The Company amortizes internal-use software costs using the straight-line method over the estimated useful life of the software. Capitalized software costs are evaluated annually for indicators of impairment, including but not limited to a significant change in available technology or the manner in which the software is being used. Impaired items are written down to their estimated fair values. Capitalized software is included in other intangible assets, net in the Consolidated Balance Sheets. See Footnote 6 for further information.

Capitalized implementation costs for certain qualified Software-as-a-Service (“SaaS”) arrangements are also subject to the same accounting criteria described above, when the Company does not own the intellectual property for the

software license used in the arrangement. SaaS arrangements are included in prepaid expenses and other current assets and other assets in the Consolidated Balance Sheets. The straight-line amortization of these costs is presented along with the fees related to the hosted cloud computing service in the Consolidated Statements of Operations.

Product Liability Reserves

The Company has a self-insurance program for product liability that includes reserves for self-retained losses and certain excess and aggregate risk transfer insurance. The Company uses historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs in determining required product liability reserves. The Company’s actuarial evaluation methods take into account claims incurred but not reported when determining the Company’s product liability reserve. While the Company believes that it has adequately reserved for these claims, the ultimate outcome of these matters may exceed the amounts recorded by the Company, and such additional losses may be material to the Company’s Consolidated Financial Statements.

Product Warranties

In the normal course of business, the Company offers warranties for a variety of its products. The specific terms and conditions of the warranties vary depending upon the specific product and markets in which the products were sold. The Company accrues for the estimated cost of product warranty at the time of sale based on historical experience.

Advertising Costs

The Company expenses production costs of print, radio, television and other advertisements as of the first date the advertisements take place, and the Company expenses all other advertising and marketing costs when incurred. Advertising and promotion costs are recorded in selling, general and administrative expenses (“SG&A”) and totaled $429 million, $417 million and $371 million in 2025, 2024 and 2023, respectively.

Research and Development Costs

Research and development costs relating to both future and current products are charged to SG&A as incurred. These costs totaled $114 million, $123 million and $117 million in 2025, 2024 and 2023, respectively.

Other Significant Accounting Policies

Other significant accounting policies are disclosed as follows:

•Restructuring – Footnote 3

•Inventory – Footnote 4

•Property, Plant and Equipment – Footnote 5

•Derivative Instruments – Footnote 9

•Foreign Currency Operations – Footnote 9

•Pensions and Postretirement Benefits – Footnote 10

•Income Taxes – Footnote 11

•Leases – Footnote 12

•Share-Based Compensation – Footnote 14

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 September 2025, the FASB issued ASU No. 2025-06, “Intangibles—Goodwill and Other—Internal-Use Software.” This ASU establishes targeted enhancements to Subtopic 350-40 improving the operability of the recognition guidance considering different methods of software development. The update is effective for annual reporting periods beginning after December 15, 2027. Early adoption is permitted. Management is currently evaluating the effects this guidance will have on its consolidated financial statements.

In September 2025, the FASB issued ASU No. 2025-07, “Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606).” The amendments in the ASU exclude from derivative accounting non-exchange-traded contracts with underlying components that are based on operations or activities specific to one of the parties to

the contract. This update is effective for annual reporting periods beginning after December 15, 2026. Early adoption is permitted. Management is currently evaluating the effects this guidance will have on its consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures.” This ASU requires that each interim and annual reporting period, an entity disclose more information about the components of certain expense captions that are currently disclosed in the financial statements. This update is effective for annual reporting periods beginning after December 15, 2026. Early adoption is permitted. Management is currently evaluating the effects this guidance will have on its consolidated financial statements.

Adoption of New Accounting Guidance

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The standard requires all entities subject to income taxes to disclose disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The new requirement is effective for annual periods beginning after December 15, 2024. The guidance may be applied on a prospective or retrospective basis. The Company adopted ASU 2023-09 and applied the prospective method. The adoption of ASU 2023-09 did not have a material impact on its consolidated financial statements. See Footnote 11 for further information.

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this update require that a public entity disclose on an annual and interim basis significant segment expenses that are regularly provided to the chief operating decision maker (the “CODM”), amount for other segment items by reportable segment and a description of its composition, segment profit and loss and assets, additional measures of segment profit used by the CODM in assessing segment performance and the title and position of the CODM, as well as an explanation of how the CODM uses the reported measures in assessing segment performance and deciding allocation of resources. The Company adopted ASU 2023-07 beginning with its 2024 annual reporting and it did not have a material impact on its consolidated financial statements. See Footnote 16 for further information.

Weighted Average Shares Outstanding (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted-average shares outstanding (in shares)	418.2	415.5	414.1
Diluted weighted-average shares outstanding (in shares)	418.2	415.5	414.1
Potentially dilutive restricted share awards excluded from computation of diluted EPS (in shares)	4.6	3.4	1.5
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive restricted share awards excluded from computation of diluted EPS (in shares)	0.0	0.7	0.8

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 7,204	$ 7,582	$ 8,133
Cost of products sold	4,772	5,034	5,780
Gross profit	2,432	2,548	2,353
Selling, general and administrative expense	1,985	2,083	2,001
Restructuring costs, net	62	45	95
Impairment of goodwill, intangibles and other assets	346	353	342
Operating income (loss)	39	67	(85)
Non-operating expenses:
Interest expense, net	321	295	283
Loss on extinguishment and modification of debt	13	14	0
Other expense, net	6	18	175
Loss before income taxes	(301)	(260)	(543)
Income tax benefit	(16)	(44)	(155)
Net loss	$ (285)	$ (216)	$ (388)
Weighted average common shares outstanding:
Basic (in shares)	418.2	415.5	414.1
Diluted (in shares)	418.2	415.5	414.1
Loss per share:
Basic (in USD per share)	$ (0.68)	$ (0.52)	$ (0.94)
Diluted (in USD per share)	$ (0.68)	$ (0.52)	$ (0.94)
COMPREHENSIVE INCOME (LOSS)
Net loss	$ (285)	$ (216)	$ (388)
Other comprehensive loss, net of tax
Foreign currency translation adjustments	(16)	(99)	20
Unrecognized pension and postretirement costs	17	(16)	113
Derivative financial instruments	(10)	24	(12)
Total other comprehensive income (loss), net of tax	(9)	(91)	121
Total comprehensive loss	$ (294)	$ (307)	$ (267)

Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
	Jul. 05, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (In shares)		0.0
Granted, weighted-average grant date fair value (per share)		$ 7	$ 8	$ 11
Fair value of vested awards		$ 31	$ 20	$ 13
Excess tax detriments related to stock-based compensation		$ 5	$ 5	$ 2
2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards available for grant (in shares)		23.0
Share-based awards vesting period		3 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period		3 years
Share-based awards vesting period		3 years
Share-based awards contractual term (in years)		10 years
Time-Based Restricted Stock Units (RSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period		3 years
Share based compensation arrangement by share based payment award performance share unit award number (in shares)		6.5
Aggregate grant date fair value		$ 45
Time-Based Restricted Stock Units (RSU) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period		1 year
Share-based awards vesting period		1 year
Time-Based Restricted Stock Units (RSU) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period		3 years
Share-based awards vesting period		3 years
Time-Based Restricted Stock Units (RSU) \| Certain Key Executives Other Than CEO And CFO \| Special Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	1 year
Performance-Based Restricted Stock Units (RSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period		3 years
Share based compensation arrangement by share based payment award performance share unit award number (in shares)		2.0
Aggregate grant date fair value		$ 14
Performance-Based Restricted Stock Units (RSU) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period		1 year
Share-based awards vesting period		1 year
Performance-Based Restricted Stock Units (RSU) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period		3 years
Share-based awards vesting period		3 years
Performance-Based Restricted Stock Units (RSU) \| Certain Key Executives Other Than CEO And CFO \| Special Incentive Program \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	2 years
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage	70.00%
Performance-Based Restricted Stock Units (RSU) \| Certain Key Executives Other Than CEO And CFO \| Special Incentive Program \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period	3 years
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage	30.00%
Performance Shares \| Minimum \| 2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period		1 year
Performance Shares \| Minimum \| 2022 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards vesting period		1 year

Goodwill and Other Intangible Assets, Net - Additional Information (Details) $ in Millions		3 Months Ended						12 Months Ended
	Dec. 01, 2025 USD ($) tradename	Dec. 31, 2025 USD ($) tradename	Dec. 31, 2024 USD ($) tradename	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) tradename	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2025 USD ($) tradename	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for intangible assets								$ 125	$ 135	$ 109
Goodwill [Line Items]
Goodwill		$ 3,101	$ 3,038		$ 3,071			3,101	3,038	3,071
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Carrying value of Indefinite-lived intangible assets		553	844					553	844
Intangible asset impairment charge		340
Learning and Development
Indefinite-lived Intangible Assets [Line Items]
Carrying value of Indefinite-lived intangible assets	$ 119
Goodwill [Line Items]
Goodwill		$ 2,354	2,291		2,324			$ 2,354	2,291	2,324
Learning and Development \| Trade Names
Indefinite-lived Intangible Assets [Line Items]
Number of indefinite-lived intangible assets \| tradename	2	1						1
Carrying value of Indefinite-lived intangible assets	$ 203
Intangible asset impairment charge		$ 50		$ 70				$ 50
Home and Commercial Solutions
Goodwill [Line Items]
Goodwill		$ 747	$ 747		$ 747			$ 747	$ 747	$ 747
Home and Commercial Solutions \| Trade Names
Indefinite-lived Intangible Assets [Line Items]
Number of indefinite-lived intangible assets \| tradename	2	2	1		2			2
Carrying value of Indefinite-lived intangible assets	$ 567
Intangible asset impairment charge		$ 290	$ 85	$ 190	$ 68		$ 8
Home and Commercial Solutions \| Trade Names One
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charge								$ 163
Home and Commercial Solutions \| Trade Names Two
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charge								127
Writing Reporting Unit
Goodwill [Line Items]
Goodwill	1,930
Commercial Reporting Unit
Goodwill [Line Items]
Goodwill	747
Goodwill impairment charge								0
Baby Reporting Unit
Goodwill [Line Items]
Goodwill	$ 415
Goodwill impairment charge						$ 241		$ 0

Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reserve for Credit Losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 23	$ 31	$ 31
Provision	3	8	2
Other	2	(3)	(1)
Write-offs/ Disposition/ Recoveries	(6)	(13)	(1)
Balance at End of Period	22	23	31
Income Tax Valuation Allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	171	184	148
Provision	14	19	60
Other	10	(7)	0
Write-offs/ Disposition/ Recoveries	(43)	(25)	(24)
Balance at End of Period	$ 152	$ 171	$ 184

Weighted Average Shares Outstanding	12 Months Ended
Weighted Average Shares Outstanding	Dec. 31, 2025
Earnings Per Share [Abstract]
Weighted Average Shares Outstanding	Weighted Average Shares Outstanding The basic and diluted weighted average shares outstanding for the years ended December 31, 2025, 2024 and 2023 were 418.2 million, 415.5 million and 414.1 million, respectively. For 2025, 2024 and 2023, 4.6 million, 3.4 million and 1.5 million, respectively, potentially dilutive share-based awards were excluded as their effect would be anti-dilutive. At December 31, 2025, 2024 and 2023, there were zero, 0.7 million and 0.8 million, respectively, 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. For 2025, 2024 and 2023 dividends and equivalents for share-based awards expected to be forfeited did not have a material impact on net income for basic and diluted earnings per share.

Basis of Presentation and Significant Accounting Policies - Schedule of Supplier Finance Program (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Supplier Finance Program, Obligation [Roll Forward]
Beginning balance	$ 14	$ 96
Invoices participating in the SF Program	76	137
Invoices paid to the third-party vendor	(79)	(219)
Ending balance	$ 11	$ 14

Debt - Additional Information (Details) $ in Millions	1 Months Ended			3 Months Ended		12 Months Ended
Debt - Additional Information (Details) $ in Millions	Nov. 30, 2025 USD ($)	Jun. 30, 2025 USD ($)	May 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt						$ 1,235	$ 1,237	$ 0
Unamortized deferred debt issue costs				$ 37		37	$ 32
Senior notes
Debt Instrument [Line Items]
Senior notes subject to interest rate adjustment		$ 1,080			$ 1,080
Interest rate adjustment				0.0050
Expected interest expense increase, annualized amount					$ 5
Interest expense increase						1
Senior notes \| Standard & Poor's, B+ Rating
Debt Instrument [Line Items]
Interest rate adjustment				0.0025
Senior notes \| Moody's, B1 Rating
Debt Instrument [Line Items]
Interest rate adjustment				0.0025
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 1,000		1,000
Current borrowing capacity				852		852
Outstanding borrowings				130		130
Remaining borrowing capacity				685		685
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				150		150
Outstanding borrowings				$ 37		$ 37
8.500% senior notes due 2028
Debt Instrument [Line Items]
Debt instrument, face amount			$ 1,250
Stated interest rate percentage			8.50%	8.50%		8.50%
Proceeds from issuance of long-term debt			$ 1,230
4.200% senior notes due 2026
Debt Instrument [Line Items]
Stated interest rate percentage							4.20%
Redemption price percentage		100.757%
Consideration on debt redeemed		$ 1,250
Loss on debt extinguishment		$ 13
3.900% senior notes due 2025
Debt Instrument [Line Items]
Stated interest rate percentage	3.90%						3.90%
Consideration on debt redeemed	$ 48
6.375% senior notes due 2030
Debt Instrument [Line Items]
Stated interest rate percentage				6.375%		6.375%
6.625% senior notes due 2032
Debt Instrument [Line Items]
Stated interest rate percentage				6.625%		6.625%

Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Information

The Company’s three primary operating segments are as follows:

Segment

Key Brands

Description of Primary Products

Home and Commercial Solutions

Ball(a), Calphalon, Chesapeake Bay, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, Rubbermaid, Rubbermaid Commercial Products, Sistema, Spontex, Sunbeam, WoodWick and Yankee Candle

Commercial cleaning and maintenance solutions; closet and garage organization; hygiene systems and material handling solutions; household products, including kitchen appliances; food and home storage products; fresh preserving products; vacuum sealing products; gourmet cookware, bakeware and cutlery and home fragrance products

Learning and Development

Dymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker and Sharpie

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

Outdoor and Recreation

Bubba, Campingaz, Coleman, Contigo and Marmot

Active lifestyle products for outdoor and outdoor-related activities; technical apparel and on-the-go beverageware

(a)

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

The President and Chief Executive Officer of the Company, who is the Chief Operating Decision Maker (the “CODM”) reviews the businesses as three operating segments: Home and Commercial Solutions, Learning and Development and Outdoor and Recreation. 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.

The CODM evaluates the segments’ operating performance based on segment operating income, defined as net sales minus cost of products sold, segment SG&A (including share-based compensation at target for operating segment employees) and other segment costs. Segment SG&A includes an allocation of center-led corporate functions including the bonus for such corporate functions based on achieving 100% of the respective target. However, any variability in expense from such targets, favorable or unfavorable, is retained at corporate, and would be reflected as a corporate expense. Segment SG&A also does not include any allocation of share-based compensation related to such center-led corporate functions or any adjustments, favorable or unfavorable, between the actual share-based compensation achieved versus the share-based compensation at target for operating segment employees, which items are also reflected in corporate expense. The CODM considers budget-to-current forecast and prior actuals-to-current forecast variances for segment operating income on a periodic basis for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment.

The Company’s segment results are as follows (in millions):


	Year Ended December 31, 2025
	Consolidated		Home and Commercial Solutions		Learning and Development		Outdoor and Recreation
Net sales (a)	$	7,204	$	3,772	$	2,691	$	741
Cost of products sold	4,772		2,673		1,542		557
Segment SG&A	1,774		938		630		206
Other segment costs (b)	357		299		55		3
Segment operating income (loss)	$	301	$	(138)	$	464	$	(25)
Corporate expenses (c)	262
Operating income	39
Interest expense, net	321
Loss on extinguishment and modification of debt	13
Other expense, net	6
Loss before income taxes	$	(301)


	Year Ended December 31, 2024
	Consolidated		Home and Commercial Solutions		Learning and Development		Outdoor and Recreation
Net sales (a)	$	7,582	$	4,071	$	2,717	$	794
Cost of products sold	5,034		2,856		1,537		641
Segment SG&A	1,791		933		623		235
Other segment costs (b)	372		284		84		4
Segment operating income (loss)	$	385	$	(2)	$	473	$	(86)
Corporate expenses (c)	318
Operating income	67
Interest expense, net	295
Loss on extinguishment and modification of debt	14
Other expense, net	18
Loss before income taxes	$	(260)


	Year Ended December 31, 2023
	Consolidated		Home and Commercial Solutions		Learning and Development		Outdoor and Recreation
Net sales (a)	$	8,133	$	4,428	$	2,706	$	999
Cost of products sold	5,780		3,347		1,613		820
Segment SG&A	1,766		916		621		229
Other segment costs (b)	420		128		259		33
Segment operating income (loss)	$	167	$	37	$	213	$	(83)
Corporate expenses (c)	252
Operating loss	(85)
Interest expense, net	283

Other expense, net	175
Loss before income taxes	$	(543)

(a)All intercompany transactions have been eliminated.

(b)Other segment costs primarily include segment restructuring costs, net and non-cash impairment of goodwill, intangibles and other assets (see Footnotes 3 and 6, respectively for further information).

(c)Corporate expenses primarily include costs of operating as a public company including retained costs of center-led corporate functions, corporate restructuring and restructuring-related costs (see Footnote 3 for further information) and non-cash impairment of corporate assets. In addition, corporate expense includes adjustments, favorable or unfavorable, between the actual bonus achieved versus the bonus at target for center-led corporate functions, as well as adjustments, favorable or unfavorable, between the actual share-based compensation achieved versus the share-based compensation at target for operating segment employees. Incentive compensation recorded in corporate expenses decreased by $71 million in 2025 as compared to 2024, primarily due to weaker performance relative to targets in 2025. For 2024, incentive compensation recorded in corporate was $85 million higher as compared to 2023, primarily due to improved performance relative to targets under the Company’s Management Bonus Plan and increases in the expected achievements of the specified performance conditions in the Company’s respective outstanding Performance-Based RSUs (see Footnote 14 for further information).

Depreciation and amortization by segment are as follows for the years ended December 31, (in millions):


	2025		2024		2023

Home and Commercial Solutions	$	142	$	153	$	163
Learning and Development	69		70		71
Outdoor and Recreation	31		39		35
Corporate (a)	69		61		65
	$	311	$	323	$	334

(a)Corporate depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization are included in the segment operating income (loss).

Capital expenditures by segment are as follows for the years ended December 31, (in millions):


	2025		2024		2023

Home and Commercial Solutions	$	85	$	96	$	93
Learning and Development	52		48		60
Outdoor and Recreation	18		16		16
Corporate	92		99		115
	$	247	$	259	$	284

Assets(b) by segment are as follows at (in millions):


	December 31, 2025		December 31, 2024

Home and Commercial Solutions	$	3,771	$	4,110
Learning and Development	3,797		3,786
Outdoor and Recreation	495		541
Corporate	2,652		2,567
	$	10,715	$	11,004

The Company’s geographic net sales (a) (b) are as follows for the years ended December 31, (in millions):


	2025		2024		2023


United States	$	4,407	$	4,732	$	5,129
Canada	308		319		313
Total North America	4,715		5,051		5,442
Europe, Middle East and Africa	1,192		1,194		1,283
Latin America	809		831		863
Asia Pacific	488		506		545
Total International	2,489		2,531		2,691
	$	7,204	$	7,582	$	8,133

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


		2025		2024		2023
	Commercial	$	1,296	$	1,361	$	1,434
	Kitchen	1,828		2,036		2,244
	Home Fragrance	648		674		750
Home and Commercial Solutions		3,772		4,071		4,428

	Baby	1,008		1,008		989
	Writing	1,683		1,709		1,717
Learning and Development		2,691		2,717		2,706

Outdoor and Recreation		741		794		999

		$	7,204	$	7,582	$	8,133

Geographic net sales(a) (b) by segment are as follows (in millions):


		North America		International		Total
Year Ended December 31, 2025
	Home and Commercial Solutions	$	2,372	$	1,400	$	3,772
	Learning and Development	1,969		722		2,691
	Outdoor and Recreation	374		367		741
		$	4,715	$	2,489	$	7,204

Year Ended December 31, 2024
	Home and Commercial Solutions	$	2,644	$	1,427	$	4,071
	Learning and Development	1,980		737		2,717
	Outdoor and Recreation	427		367		794
		$	5,051	$	2,531	$	7,582

Year Ended December 31, 2023
	Home and Commercial Solutions	$	2,942	$	1,486	$	4,428
	Learning and Development	1,937		769		2,706
	Outdoor and Recreation	563		436		999
		$	5,442	$	2,691	$	8,133

(a)All intercompany transactions have been eliminated.

(b)Geographic sales information is based on the region from which the products are shipped and invoiced. Long-lived assets by geography are not presented because it is impracticable to do so.

The Company’s largest customer in 2025, Amazon, accounted for approximately 17%, 15% and 13% of net sales in 2025, 2024 and 2023 respectively. Walmart Inc. and subsidiaries, the Company’s second largest customer in 2025, accounted for approximately 13%, 14% and 15% of net sales in 2025, 2024 and 2023, respectively.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 21
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 32
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

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-Name Accounting Standards Codification
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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Property, Plant and Equipment, Net - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Net book value	$ 1,209,000,000	$ 1,157,000,000
Depreciation expense	186,000,000	$ 188,000,000	$ 225,000,000
Fully depreciated property, machinery and equipment
Property, Plant and Equipment [Line Items]
Write off of property, plant and equipment, gross	940,000,000
Write-off of property, plant and equipment, accumulated depreciation	940,000,000
Net book value	$ 0
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2025	Nov. 30, 2025	May 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Other debt	$ 2			$ 2
Total debt	4,673			4,595
Short-term debt and current portion of long-term debt	(130)			(87)
Long-term debt	4,543			$ 4,508
3.900% senior notes due 2025
Debt Instrument [Line Items]
Interest rate		3.90%		3.90%
Senior notes	0			$ 47
4.200% senior notes due 2026
Debt Instrument [Line Items]
Interest rate				4.20%
Senior notes	$ 0			$ 1,233
6.375% senior notes due 2027
Debt Instrument [Line Items]
Interest rate	6.375%
Senior notes	$ 497			486
8.500% senior notes due 2028
Debt Instrument [Line Items]
Interest rate	8.50%		8.50%
Senior notes	$ 1,239			0
6.625% senior notes due 2029
Debt Instrument [Line Items]
Interest rate	6.625%
Senior notes	$ 492			477
6.375% senior notes due 2030
Debt Instrument [Line Items]
Interest rate	6.375%
Senior notes	$ 743			741
6.625% senior notes due 2032
Debt Instrument [Line Items]
Interest rate	6.625%
Senior notes	$ 495			494
5.375% senior notes due 2036
Debt Instrument [Line Items]
Interest rate	5.375%
Senior notes	$ 417			417
5.500% senior notes due 2046
Debt Instrument [Line Items]
Interest rate	5.50%
Senior notes	$ 658			658
Revolving credit facility
Debt Instrument [Line Items]
Senior notes	$ 130			$ 40

Debt - Schedule of Weighted Average Interest Rates (Details) - Weighted Average	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt instrument, interest rate during period	6.40%	5.80%	5.20%
Short-term debt
Debt Instrument [Line Items]
Debt instrument, interest rate during period	6.70%	8.00%	6.90%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information by Segment

The Company’s three primary operating segments are as follows:

Segment

Key Brands

Description of Primary Products

Home and Commercial Solutions

Ball(a), Calphalon, Chesapeake Bay, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, Rubbermaid, Rubbermaid Commercial Products, Sistema, Spontex, Sunbeam, WoodWick and Yankee Candle

Learning and Development

Dymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker and Sharpie

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

Outdoor and Recreation

Bubba, Campingaz, Coleman, Contigo and Marmot

Active lifestyle products for outdoor and outdoor-related activities; technical apparel and on-the-go beverageware

(a)

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

The Company’s segment results are as follows (in millions):


	Year Ended December 31, 2025
	Consolidated		Home and Commercial Solutions		Learning and Development		Outdoor and Recreation
Net sales (a)	$	7,204	$	3,772	$	2,691	$	741
Cost of products sold	4,772		2,673		1,542		557
Segment SG&A	1,774		938		630		206
Other segment costs (b)	357		299		55		3
Segment operating income (loss)	$	301	$	(138)	$	464	$	(25)
Corporate expenses (c)	262
Operating income	39
Interest expense, net	321
Loss on extinguishment and modification of debt	13
Other expense, net	6
Loss before income taxes	$	(301)


	Year Ended December 31, 2024
	Consolidated		Home and Commercial Solutions		Learning and Development		Outdoor and Recreation
Net sales (a)	$	7,582	$	4,071	$	2,717	$	794
Cost of products sold	5,034		2,856		1,537		641
Segment SG&A	1,791		933		623		235
Other segment costs (b)	372		284		84		4
Segment operating income (loss)	$	385	$	(2)	$	473	$	(86)
Corporate expenses (c)	318
Operating income	67
Interest expense, net	295
Loss on extinguishment and modification of debt	14
Other expense, net	18
Loss before income taxes	$	(260)


	Year Ended December 31, 2023
	Consolidated		Home and Commercial Solutions		Learning and Development		Outdoor and Recreation
Net sales (a)	$	8,133	$	4,428	$	2,706	$	999
Cost of products sold	5,780		3,347		1,613		820
Segment SG&A	1,766		916		621		229
Other segment costs (b)	420		128		259		33
Segment operating income (loss)	$	167	$	37	$	213	$	(83)
Corporate expenses (c)	252
Operating loss	(85)
Interest expense, net	283

Other expense, net	175
Loss before income taxes	$	(543)

(a)All intercompany transactions have been eliminated.

Depreciation and amortization by segment are as follows for the years ended December 31, (in millions):


	2025		2024		2023

Home and Commercial Solutions	$	142	$	153	$	163
Learning and Development	69		70		71
Outdoor and Recreation	31		39		35
Corporate (a)	69		61		65
	$	311	$	323	$	334

Capital expenditures by segment are as follows for the years ended December 31, (in millions):


	2025		2024		2023

Home and Commercial Solutions	$	85	$	96	$	93
Learning and Development	52		48		60
Outdoor and Recreation	18		16		16
Corporate	92		99		115
	$	247	$	259	$	284

Assets(b) by segment are as follows at (in millions):


	December 31, 2025		December 31, 2024

Home and Commercial Solutions	$	3,771	$	4,110
Learning and Development	3,797		3,786
Outdoor and Recreation	495		541
Corporate	2,652		2,567
	$	10,715	$	11,004

Schedule of Net Sales by Geographic Area

The Company’s geographic net sales (a) (b) are as follows for the years ended December 31, (in millions):


	2025		2024		2023


United States	$	4,407	$	4,732	$	5,129
Canada	308		319		313
Total North America	4,715		5,051		5,442
Europe, Middle East and Africa	1,192		1,194		1,283
Latin America	809		831		863
Asia Pacific	488		506		545
Total International	2,489		2,531		2,691
	$	7,204	$	7,582	$	8,133

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

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


		2025		2024		2023
	Commercial	$	1,296	$	1,361	$	1,434
	Kitchen	1,828		2,036		2,244
	Home Fragrance	648		674		750
Home and Commercial Solutions		3,772		4,071		4,428

	Baby	1,008		1,008		989
	Writing	1,683		1,709		1,717
Learning and Development		2,691		2,717		2,706

Outdoor and Recreation		741		794		999

		$	7,204	$	7,582	$	8,133

Geographic net sales(a) (b) by segment are as follows (in millions):


		North America		International		Total
Year Ended December 31, 2025
	Home and Commercial Solutions	$	2,372	$	1,400	$	3,772
	Learning and Development	1,969		722		2,691
	Outdoor and Recreation	374		367		741
		$	4,715	$	2,489	$	7,204

Year Ended December 31, 2024
	Home and Commercial Solutions	$	2,644	$	1,427	$	4,071
	Learning and Development	1,980		737		2,717
	Outdoor and Recreation	427		367		794
		$	5,051	$	2,531	$	7,582

Year Ended December 31, 2023
	Home and Commercial Solutions	$	2,942	$	1,486	$	4,428
	Learning and Development	1,937		769		2,706
	Outdoor and Recreation	563		436		999
		$	5,442	$	2,691	$	8,133

(a)All intercompany transactions have been eliminated.

(b)Geographic sales information is based on the region from which the products are shipped and invoiced. Long-lived assets by geography are not presented because it is impracticable to do so.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Restructuring - Schedule of Restructuring Costs Incurred by Reportable Business Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	$ 62	$ 45	$ 95
Operating Segments \| Home and Commercial Solutions
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	3	9	50
Operating Segments \| Learning and Development
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	5	14	18
Operating Segments \| Outdoor and Recreation
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	3	4	11
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	$ 51	$ 18	$ 16

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 165	$ 183
Work-in-process	159	155
Finished products	957	1,062
Total inventories	$ 1,281	$ 1,400

Restructuring

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring

The Company has engaged and expects to continue to engage in restructuring activities, which requires management to utilize significant estimates related to the timing and amount of severance and other employee separation costs for workforce reductions and other separation programs as well as other exit costs associated with restructuring activities. The Company’s accrual for severance and other employee separation costs depends on whether the costs result from an ongoing severance plan or are one-time costs. The Company accounts for relevant expenses as severance costs when there is an established severance policy, statutory requirements dictate the severance amounts, or if the Company’s historical experience is to routinely provide certain benefits to impacted employees. The Company recognizes severance costs when it is probable that benefits will be paid and the amount can be reasonably estimated. The Company estimates one-time severance and other employee costs related to exit and disposal activities not resulting from an ongoing severance plan based on the benefits available to the employees being terminated. The Company recognizes these costs when it identifies the specific classification or functions of the employees being terminated, notifies the employees who might be included in the termination, and expects to terminate employees within the legally required notification period. When employees are receiving incentives to stay beyond the legally required notification period, the Company records the cost of their severance over the remaining service period. All cash payments are expected to be paid within one year of charges being incurred.

To better align its resources with its strategy and operating model and to reduce the cost structure of its global operations, the Company commits to restructuring plans as necessary and as follows:

Global Productivity Plan

Building on the Company’s turnaround strategy, the Company announced a global productivity plan (the “Productivity Plan”) in December 2025. The Productivity Plan is designed to further simplify processes, streamline overhead and redirect resources to the highest-value activities. As part of the Productivity Plan the Company will reduce its global workforce by over 900 employees primarily related to professional and clerical employees, with limited impact on manufacturing or supply chain operations. Professional and clerical employee separations in the U.S. were mostly executed by the end of 2025, with international actions to occur throughout 2026, subject to applicable local law and consultation requirements. The Company closed approximately 20 Yankee Candle stores in the U.S. and Canada in January 2026. This retail optimization aligns the brand’s footprint with modern consumer shopping behaviors and supports its multi-channel strategy. The Company expects to record $75 million to $90 million, of restructuring and restructuring-related charges in connection with the Productivity Plan, primarily for severance and related costs, with most of the charges to be recognized by the end of 2026.

The Company commenced separation of professional and clerical employees during December 2025 and recorded $35 million of restructuring charges for severance and other termination benefits and $5 million of restructuring-related charges in connection with the Productivity Plan.

Organizational Realignment Plan

In January 2024, the Company announced a plan to strengthen its front-end commercial capabilities, such as consumer understanding and brand communication, in support of the “where to play” and “how to win” strategy choices the Company unveiled in June of 2023 (the “Realignment Plan”). In addition to improving accountability, the Realignment Plan was designed to unlock operational efficiencies and cost savings, reduce complexity and free up funds for reinvestment. As part of the Realignment Plan, the Company has made several operating model changes, which entailed: standing up a cross-functional brand management organization, realigning business unit finance to fully support the new global brand management model, further simplifying and standardizing regional go-to-market organizations, and centralizing domestic retail sales teams, the digital technology team, business-aligned accounting personnel, the Manufacturing Quality team, and the Human Resources functions into the appropriate center-led teams

to drive standardization, efficiency and scale with a One Newell approach. The Company also further optimized the Company’s real estate footprint and pursued other cost reduction initiatives. Restructuring and restructuring-related charges associated with these actions were estimated to be in the range of $75 million to $90 million, mainly for severance payments and other termination benefits, office space reduction and consolidation and other expenses. The Company commenced organizational realignment activities during the first quarter of 2024, and such activities were fully implemented by the end of 2025.

In connection with the Realignment Plan, the Company recorded restructuring charges of $24 million and $37 million, during the twelve months ended December 31, 2025 and 2024, respectively and restructuring-related charges of $6 million and $15 million, respectively. The Company has incurred aggregate charges of $82 million since inception in connection with the Realignment Plan.

Network Optimization Project

In May 2023, the Company announced a restructuring and cost savings initiative that is intended to simplify and streamline its North American distribution network (the “Network Optimization Project”) in order to improve the Company’s cost structure and operating margins while maintaining focus on customer and consumer fulfillment. The Network Optimization Project incorporated a variety of initiatives, including a reduction in the overall number of distribution centers, an optimization of distribution by location, and completion of select automation investments intended to further streamline the Company’s cost structure and to maximize operating performance. These actions were substantially implemented by the end of 2024. The Company estimated that it will incur approximately $37 million to $49 million in restructuring and restructuring-related charges associated with execution of the Network Optimization Project. This estimate of charges consists primarily of $8 million to $11 million related to cash severance payments and other termination benefits and approximately $29 million to $38 million associated with industrial site reductions.

In connection with the Network Optimization Project, the Company recorded restructuring charges of $3 million and $7 million for the twelve months ended December 31, 2024 and 2023, respectively. There were no restructuring charges recorded during 2025 in connection with the Network Optimization Project. The Company also recorded restructuring-related charges of $4 million, $18 million and $16 million for the twelve months ended December 31, 2025, 2024 and 2023, respectively. Since inception of the Network Optimization Project, the Company has incurred aggregate charges of $48 million, most of which were cash expenditures.

Project Phoenix

In January 2023, the Company announced a restructuring and savings initiative (“Project Phoenix”) that was intended to strengthen the Company by leveraging its scale to further reduce complexity, streamline its operating model and drive operational efficiencies. Project Phoenix was substantially implemented by the end of 2023 and incorporated a variety of initiatives designed to simplify the organizational structure, streamline the Company’s real estate portfolio, centralize the Company’s supply chain functions, transition to a unified One Newell go-to-market model in key international geographies, and reduce overhead costs. The Company estimated that it would incur approximately $100 million to $130 million in restructuring and restructuring-related charges in connection with Project Phoenix. These charges consist primarily of $80 million to $105 million in charges related to severance payments and other termination benefits; $15 million to $20 million in charges associated with office space reductions; and approximately $5 million of other charges, including those associated with employee transition and legal costs. While the program was mostly complete by the end of 2023, charges were recognized during 2024 and 2025, as the Company completed remaining actions in accordance with local regulations and consultation requirements.

In connection with Project Phoenix, the Company recorded restructuring charges of $2 million and $78 million for the twelve months ended December 31, 2024 and 2023, respectively. There were no restructuring charges recorded during 2025 in connection with Project Phoenix. The Company also recorded restructuring-related charges of $3 million, $8 million and $19 million for the twelve months ended December 31, 2025, 2024 and 2023, respectively. The Company has incurred aggregate charges of $110 million since inception of Project Phoenix, most of which were cash expenditures.


	Severance and termination costs		Contract termination and other costs		Total restructuring costs		Restructuring-related costs		Total costs
Productivity Plan	$	35	$	—	$	35	$	5	$	40
Realignment Plan	58		3		61		21		82
Network Optimization Project	6		4		10		38		48
Project Phoenix	78		2		80		30		110
	$	177	$	9	$	186	$	94	$	280

Restructuring charges, net and restructuring-related charges incurred by reportable business segment in connection with the Plans, since inceptions were as follows (in millions):


	Total restructuring costs		Restructuring-related costs		Total costs
Home and Commercial Solutions	$	54	$	47	$	101
Learning and Development	30		2		32
Outdoor and Recreation	18		10		28
Corporate	84		35		119
	$	186	$	94	$	280

Other Restructuring and Restructuring-Related Charges

The Company also incurs other restructuring and restructuring-related charges in connection with various discrete initiatives. The Company recorded $3 million of other restructuring costs for each of the twelve months ended December 31, 2025 and 2024 and $10 million for the twelve months ended December 31, 2023.

Restructuring-related charges are recorded in cost of products sold, SG&A and impairment of other assets in the Consolidated Statements of Operations based on the nature of the underlying charges incurred. During the twelve months ended December 31, 2025, 2024 and 2023, the Company recorded restructuring-related charges associated with various discrete initiatives of $10 million, $16 million and $64 million, respectively.

Restructuring costs incurred by reportable business segment for all restructuring activities for the years ended December 31, are as follows (in millions):


	2025		2024		2023
Home and Commercial Solutions	$	3	$	9	$	50
Learning and Development	5		14		18
Outdoor and Recreation	3		4		11
Corporate	51		18		16
	$	62	$	45	$	95

Accrued restructuring costs activity for the year ended December 31, 2025 are as follows (in millions):


	Balance at December 31, 2024		Restructuring Costs, Net		Payments		Foreign Currency and Other		Balance at December 31, 2025
Severance and termination costs	$	12	$	60	$	(36)	$	(2)	$	34
Contract termination and other costs	—		2		(2)		—		—
	$	12	$	62	$	(38)	$	(2)	$	34

Accrued restructuring costs activity for the year ended December 31, 2024 are as follows (in millions):


	Balance at December 31, 2023		Restructuring Costs, Net		Payments		Balance at December 31, 2024
Severance and termination costs	$	30	$	40	$	(58)	$	12
Contract termination and other costs	—		5		(5)		—
	$	30	$	45	$	(63)	$	12

Goodwill and Other Intangible Assets, Net - Schedule of Other Intangible Assets and Related Amortization Periods (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets
Accumulated Amortization	$ (681,000,000)	$ (1,066,000,000)
Total Intangible Assets
Gross Carrying Amount	2,315,000,000	3,074,000,000
Accumulated Amortization	(681,000,000)	(1,066,000,000)
Net Book Value	1,634,000,000	2,008,000,000
Tradenames
Finite-Lived Intangible Assets
Gross Carrying Amount	537,000,000	531,000,000
Accumulated Amortization	(186,000,000)	(135,000,000)
Net Book Value	351,000,000	396,000,000
Total Intangible Assets
Accumulated Amortization	$ (186,000,000)	(135,000,000)
Tradenames \| Minimum
Finite-Lived Intangible Assets
Amortization Periods (In years)	2 years
Tradenames \| Maximum
Finite-Lived Intangible Assets
Amortization Periods (In years)	15 years
Capitalized software
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 212,000,000	661,000,000
Accumulated Amortization	(95,000,000)	(543,000,000)
Net Book Value	117,000,000	118,000,000
Total Intangible Assets
Accumulated Amortization	$ (95,000,000)	(543,000,000)
Capitalized software \| Minimum
Finite-Lived Intangible Assets
Amortization Periods (In years)	3 years
Capitalized software \| Maximum
Finite-Lived Intangible Assets
Amortization Periods (In years)	12 years
Fully amortized capitalized software
Finite-Lived Intangible Assets
Net Book Value	$ 0
Write-off of intangible assets, gross	464,000,000
Write off of intangible assets, accumulated amortization	464,000,000
Patents and intellectual property
Finite-Lived Intangible Assets
Gross Carrying Amount	0	13,000,000
Accumulated Amortization	0	(13,000,000)
Net Book Value	0	0
Total Intangible Assets
Accumulated Amortization	$ 0	(13,000,000)
Patents and intellectual property \| Minimum
Finite-Lived Intangible Assets
Amortization Periods (In years)	3 years
Patents and intellectual property \| Maximum
Finite-Lived Intangible Assets
Amortization Periods (In years)	14 years
Customer relationships and distributor channels
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 1,013,000,000	1,025,000,000
Accumulated Amortization	(400,000,000)	(375,000,000)
Net Book Value	613,000,000	650,000,000
Total Intangible Assets
Accumulated Amortization	$ (400,000,000)	(375,000,000)
Customer relationships and distributor channels \| Minimum
Finite-Lived Intangible Assets
Amortization Periods (In years)	3 years
Customer relationships and distributor channels \| Maximum
Finite-Lived Intangible Assets
Amortization Periods (In years)	30 years
Tradenames
Indefinite-Lived Intangible Assets
Net book value	$ 553,000,000	$ 844,000,000

Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Debt

The following is a summary of outstanding debt, net of unamortized issuance costs and original issue discount, at December 31, (in millions):


	2025		2024
3.900% senior notes due 2025 (a)	$	—	$	47
4.200% senior notes due 2026	—		1,233
6.375% senior notes due 2027	497		486
8.500% senior notes due 2028	1,239		—
6.625% senior notes due 2029	492		477
6.375% senior notes due 2030	743		741
6.625% senior notes due 2032	495		494
5.375% senior notes due 2036	417		417
5.500% senior notes due 2046	658		658
Revolving credit facility (a) (b)	130		40


Other debt	2		2
Total debt	4,673		4,595
Short-term debt and current portion of long-term debt	(130)		(87)
Long-term debt	$	4,543	$	4,508

(a)Included in short-term debt and current portion of long-term debt at December 31, 2024.

(b)Included in short-term debt and current portion of long-term debt at December 31, 2025.

Senior Notes

In May 2025, in an offering exempt from the registration requirements of the Securities Act of 1933 and all state securities laws, the Company completed the offering and sale of $1.25 billion of 8.500% senior notes due 2028 (the “2028 Notes”) and received proceeds of approximately $1.23 billion, net of fees and expenses paid. The 2028 Notes were issued pursuant to an indenture, dated as of May 22, 2025, between the Company and U.S. Bank Trust Company, National Association (the “Indenture”). The Indenture provides, among other things that the 2028 Notes are senior unsecured obligations of the Company and includes covenants that limit the ability of the Company and its subsidiaries to incur or guarantee additional debt, create or permit certain liens, redeem or repurchase certain debt, consummate certain assets sales, make certain loans and investments, consolidate, merge or sell all or substantially all of the Company and its subsidiaries assets, enter into certain transactions with affiliates and pay distributions on, or redeem or repurchase the Company’s capital stock, subject in each case to certain qualifications and exceptions, including the termination of certain of these covenants upon the 2028 Notes receiving investment grade credit ratings. The Company used the proceeds of the offering to fully redeem its outstanding 4.200% senior notes due 2026 (the “2026 Notes”).

In June 2025, the Company fully redeemed its 2026 Notes at a redemption price equal to 100.757% of the outstanding aggregate principal amount of the notes, plus accrued unpaid interest to the redemption date. The total consideration was approximately $1.25 billion. As a result of the redemption, the Company recorded a loss on debt extinguishment of $13 million.

In November 2025, the Company repaid the outstanding principal of its 3.900% senior notes due 2025, plus accrued and unpaid interest upon maturity for total consideration of $48 million.

Revolving Credit Facility

The Company maintains a $1.00 billion senior secured revolving credit facility (the “Credit Revolver”) maturing in August 2027. Under the Credit Revolver, the Company may borrow funds on a variety of interest terms. The Credit Revolver agreement (i) requires the Company to satisfy financial covenants testing the Company’s Collateral Coverage Ratio and Total Net Leverage Ratio (each further defined in the Credit Revolver, as amended), (ii) requires the Company and certain of its domestic and foreign subsidiaries (the “Guarantors”) to guaranty Company obligations under the Credit Revolver and (iii) requires the Company and other Guarantors to grant a lien and security interest in certain assets consisting of eligible accounts receivables, eligible inventory, eligible equipment and eligible intellectual property, and all products and proceeds of the foregoing, subject to certain limitations.

Other than outstanding borrowings under the Credit Revolver, availability under the Credit Revolver is subject to change in accordance with the terms of the agreement, including in response to changes in the Company’s pledged collateral value or outstanding letters of credit under the Credit Revolver. At December 31, 2025, there was $852 million of availability under the Credit Revolver, based on the value of the pledged collateral and prior to giving effect to outstanding borrowings and letters of credit.

The Credit Revolver provides for the issuance of up to $150 million of letters of credit, so long as there is sufficient availability for borrowing under the Credit Revolver. At December 31, 2025, the Company had approximately $37 million of outstanding standby letters of credit issued against the Credit Revolver and $130 million of outstanding borrowings under the Credit Revolver resulting in a net availability of approximately $685 million.

Rating Downgrades

During the second quarter of 2025, Moody’s Corporation (“Moody’s”) and S&P Global Inc. (“S&P”) downgraded the Company’s senior unsecured debt rating to “B1” and “B+”, respectively. As a result, certain of the Company’s outstanding senior notes aggregating to approximately $1.08 billion (the “Coupon-Step Notes”) were subject to an interest rate adjustment of 25 basis points for each downgrade, or 50 basis points in the aggregate, with such adjustments taking effect in the fourth quarter of 2025. The change to the interest rate due to the downgrades will increase the Company’s interest expense by approximately $5 million on an annualized basis (approximately $1 million in 2025). During the fourth quarter of 2025, Moody’s further downgraded the Company’s senior unsecured debt rating to “B2”, with no consequent effect on the interest rates applicable to the Coupon-Step Notes, as the Company has reached the maximum provision under the affected bonds.

Future Debt Maturities

The Company’s debt maturities for the five years following December 31, 2025 and thereafter are as follows (in millions):


2026	2027	2028	2029	2030	Thereafter	Total
$130	$500	$1,252	$500	$750	$1,586	$4,718

Other

The indentures governing the Company’s senior notes contain usual and customary nonfinancial covenants, with the 2028 Notes containing additional covenants, such as described above, and the 6.375% notes due 2030 and the 6.625% notes due 2032 likewise containing additional covenants consistent with the 2028 Notes. The Company’s borrowing arrangements other than the senior notes contain usual and customary nonfinancial covenants and certain financial covenants, including minimum collateral coverage and net leverage ratios.

Weighted average interest rates for the years ended December 31, are as follows:


	2025	2024	2023
Total debt	6.4%	5.8%	5.2%
Short-term debt	6.7%	8.0%	6.9%

At December 31, 2025 and 2024, unamortized deferred debt issue costs were $37 million and $32 million, respectively. These costs are included in total debt and are being amortized over the respective terms of the underlying debt.

The fair values of the Company’s senior notes are based on quoted market prices and are as follows at December 31, (in millions):


	2025				2024
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	4,493	$	4,541	$	4,624	$	4,553

The carrying amounts of all other debt approximates fair value.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Millions	Dec. 31, 2025 USD ($)
Leases [Abstract]
2026	$ 137
2027	113
2028	99
2029	80
2030	60
Thereafter	163
Total lease payments	652
Less: imputed interest	(106)
Present value of lease liabilities	$ 546

Income Taxes - Schedule of Components of Income (Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Domestic	$ (746)	$ (708)	$ (995)
Foreign	445	448	452
Loss before income taxes	$ (301)	$ (260)	$ (543)

- Definition

+ References

+ Details

Employee Benefit and Retirement Plans - Schedule of Change in Fair Value Measurement of Defined Benefit Plan Assets Using Significant Unobservable Inputs (Level 3) (Details) - Level 3 $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)
Change in plan assets:
Fair value of plan assets at beginning of year	$ 10
Unrealized gain	1
Fair value of plan assets at end of year	$ 11

- Definition

+ References

+ Details