Financial Analysis

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 th …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

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.

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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 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

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 Companys 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 driver …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets, Net A summary of changes in the Companys 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) 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 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

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) 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 incl …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"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 …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

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 accorda …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

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 FASBs Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. In September 2025, the FASB issued ASU No. 2025-06, IntangiblesGoodwill and OtherInternal-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 D …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

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 Companys 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 Companys 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. Underfund …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

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 Companys 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 Companys 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 n …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Segment Information The Companys 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, Elmers, 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 info …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Debt Debt is comprised of the following at the dates indicated (in millions): June 30, 2026 December 31, 2025 6.375% senior notes due 2027 $ 494 $ 497 8.500% senior notes due 2028 1,241 1,239 6.625% senior notes due 2029 485 492 6.375% senior notes due 2030 743 743 6.625% senior notes due 2032 495 495 5.375% senior notes due 2036 418 417 5.500% senior notes due 2046 658 658 Revolving credit facility (a) 470 130 Other debt 2 2 Total debt 5,006 4,673 Short-term debt and current portion of long-term debt (470) (130) Long-term debt $ 4,536 $ 4,543 (a) Included in short-term debt and current portion of long-term debt at June 30, 2026 and December 31, 2025. Revolving Credit Facility Through July 30, 2026 the Company maintained a $1.00 billion senior secured revolving credit facility (the Credit Revolver) maturing in August 2027. Under the Credit Revolver, the Company could borrow funds on a variety of interest terms. The Credit Revolver agreement (i) required the Company to satisfy financial covenants testing the Companys Collateral Coverage Ratio and Total Net Leverage Ratio (each further defined in the Credit Revolver, as amended), (ii) required the Company and certain of its domestic and foreign subsidiaries (the Guarantors) to guaranty Company obligations under the Credit Revolver and (iii) required 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 elig …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table disaggregates net sales (a) by major product grouping for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Commercial $ 327 $ 332 $ 624 $ 645 Kitchen 457 439 827 815 Home Fragrance 119 121 232 244 Home and Commercial Solutions 903 892 1,683 1,704 Baby 264 238 516 476 Writing 587 571 929 905 Learning and Development 851 809 1,445 1,381 Outdoor and Recreation 240 234 415 416 $ 1,994 $ 1,935 $ 3,543 $ 3,501 The following table disaggregates net sales (a) by geography (b) for the periods indicated (in millions): Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 North America International TOTAL North America International TOTAL Home and Commercial Solutions $ 553 $ 350 $ 903 $ 554 $ 338 $ 892 Learning and Development 673 178 851 622 187 809 Outdoor and Recreation 114 126 240 107 127 234 $ 1,340 $ 654 $ 1,994 $ 1,283 $ 652 $ 1,935 Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 North America International TOTAL North America International TOTAL Home and Commercial Solutions $ 1,034 $ 649 $ 1,683 $ 1,064 $ 640 $ 1,704 Learning and Development 1,104 341 1,445 1,040 341 1,381 Outdoor and Recreation 197 218 415 199 217 416 $ 2,335 $ 1,208 $ 3,543 $ 2,303 $ 1,198 $ 3,501 (a) All intercompany transactions have been eliminated. (b) Geographic sales information is based on the region from which the products are shipped and invoiced.

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Share-Based Compensation During the six months ended June 30, 2026, primarily in connection with its annual grant, the Company granted 3.2 million performance-based restricted stock units (RSUs), with an aggregate grant date fair value of $15 million. These performance-based RSUs entitle the recipients to shares of the Companys common stock and vest approximately 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. During the six months ended June 30, 2026, primarily in connection with its annual grant, the Company also granted 9.6 million time-based RSUs with an aggregate grant date fair value of $44 million. These time-based RSUs entitle recipients to shares of the Companys common stock and generally vest in annual installments approximately over a three-year period, subject to continued employment. …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets, Net Goodwill activity for the six months ended June 30, 2026 is as follows (in millions): June 30, 2026 Segments Net Book Value at December 31, 2025 Foreign Exchange Net Book Value Gross Carrying Amount Accumulated Impairment Charges Home and Commercial Solutions $ 747 $ $ 747 $ 4,052 $ (3,305) Learning and Development 2,354 (15) 2,339 3,426 (1,087) Outdoor and Recreation 788 (788) $ 3,101 $ (15) $ 3,086 $ 8,266 $ (5,180) Other intangible assets, net, are comprised of the following (in millions): June 30, 2026 December 31, 2025 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Tradenames indefinite life (a) $ 441 $ $ 441 $ 553 $ $ 553 Tradenames other (a) 599 (169) 430 537 (186) 351 Capitalized software 225 (110) 115 212 (95) 117 Customer relationships and distributor channels 1,014 (422) 592 1,013 (400) 613 $ 2,279 $ (701) $ 1,578 $ 2,315 $ (681) $ 1,634 (a) During the first quarter of 2026, the Company concluded that certain tradenames with aggregate carrying values of $107 million no longer qualified as indefinite-lived intangibles. The tradenames were assigned estimated useful lives of 15 years. The financial statement impact associated to such change will not be material to the Companys Condensed Consolidated Statement of Operations. Amortization expense for intangible assets was $31 million and $32 million for the three months ended June 30, 2026 and 2025, res …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The Companys effective income tax rates for the three months ended June 30, 2026 and 2025 were a provision of 45.6% and 35.2%, respectively, and for the six months ended June 30, 2026 and 2025 were provision of 45.5% and 43.8%, respectively, reflecting a year-over-year increase in forecasted pretax book income combined with a decrease in income tax benefits. The differences between the U.S. federal statutory income tax rate of 21.0% and the Companys effective income tax rate for the three and six months ended June 30, 2026 and 2025 were impacted by a variety of factors, primarily resulting from the geographic mix of where the income was earned, as well as certain taxable income inclusion items in the U.S. based on foreign earnings. The three and six months ended June 30, 2026 were impacted by certain discrete items. Income tax expense for the three months ended June 30, 2026 included a discrete expense of $24 million, primarily attributable to the tax effect of IEEPA Tariffs refund recognized during the quarter related to amounts previously expensed in 2025. 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 Companys 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. During the second quarter …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Litigation and Contingencies The Company is subject to various claims and lawsuits in the ordinary course of business, including from time to time, contractual disputes, employment and environmental matters, product and general liability claims, claims that the Company has infringed on the intellectual property rights of others, and consumer and employment class actions. Some of the legal proceedings include claims for punitive as well as compensatory damages. In the ordinary course of business, the Company is also subject to legislative requests, regulatory and governmental examinations, information requests and subpoenas, inquiries, investigations, and threatened legal actions and proceedings. In connection with such formal and informal inquiries, the Company receives numerous requests, subpoenas, and orders for documents, testimony and information in connection with various aspects of its activities. The Company is party to two certified class actions that relate to the Baby business in its L&D segment, alleging that the Company made misrepresentations in advertising claims with respect to certain products and seeking damages based on a price premium and statutory damages, where applicable, for each product sold. The first case is pending in United States District Court for the Northern District of Illinois. In that case, the district court certified classes for ten states. The second case is pending in the United States District Court for the Northern District of Geo …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

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 FASBs Accounting Standards Codification (ASC). The Company considers the applicability and impact of recently issued and proposed ASUs. In September 2025, the FASB issued ASU No. 2025-06, IntangiblesGoodwill and OtherInternal-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 In …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Restructuring 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 Companys turnaround strategy, the Company announced a global productivity plan (the Productivity Plan) in December 2025 to further simplify processes, streamline overhead and redirect resources to the higher-value activities. As part of the Productivity Plan, the Company will reduce its global workforce by over 900 employees primarily within professional and clerical functions, 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 expected to occur in 2026, subject to applicable local law and consultation requirements. In addition, the Company closed approximately 20 Yankee Candle stores in the U.S. and Canada in January 2026 as part of a retail optimization initiative aligned with modern consumer shopping behaviors and the Company's 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 associated costs, with most of the charges to be recognized by the end of 2026. In connection with the Productivity Plan, the Company recorded restructuring and r …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Segment Information The Companys three reportable segments are : Segment Key Brands Description of Primary Products Home and Commercial Solutions Ball (a) , Calphalon, Chesapeake Bay, Crock-Pot, 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 Aprica, Dymo, Elmers, EXPO, Graco, NUK, Paper Mate, Parker, Prismacolor 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 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Event On July 30, 2026 (the Closing Date), the Company, Newell Brands Ireland Services DAC, as a subsidiary borrower, and certain domestic and foreign subsidiary guarantors (the New Guarantors), entered into a five-year asset-based revolving facility (the New ABL Credit Facility) with a syndicate of banks led by JPMorgan Chase Bank, N.A., as administrative agent, pursuant to an ABL credit agreement governing the New ABL Credit Facility (the New ABL Credit Agreement). The New ABL Credit Agreement provides for the New ABL Credit Facility in the amount of up to $800 million, subject to a borrowing base comprised of, without limitation, qualified cash, accounts receivable, inventory, equipment and intellectual property. The New ABL Credit Agreement also includes an uncommitted accordion feature whereby the Company can request certain lenders to increase commitments under the New ABL Credit Facility by an aggregate amount not to exceed $500 million subject to certain conditions. Borrowings under the New ABL Credit Agreement may be used for working capital needs and other general corporate purposes, including, on the Closing Date, the repayment and replacement of the Credit Revolver. On the Closing Date, the Company incurred $490 million of borrowings and used $490 million of such borrowings under the New ABL Credit Agreement to repay borrowings under and refinance and replace the Credit Revolver. The New ABL Credit Agreement (i) requires the Company to satisfy a Consoli …

SubsequentEventsTextBlock · excerpt; the full note is in the filing