NEWELL BRANDS INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)
FINANCIAL WORKSHEET - SEGMENT REPORTING
(Amounts in millions)
| | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended March 31, 2020 |
| | | Reported | Reported | | Normalized | Normalized |
| | | Operating | Operating | Excluded | Operating | Operating |
| | Net Sales | Income (Loss) | Margin | Items [1] | Income (Loss) | Margin |
| | | | | | | |
| HOME APPLIANCES | | $ | 261 | | $ | (299) | | (114.6)% | $ | 290 | | $ | (9) | | (3.4)% |
| COMMERCIAL SOLUTIONS | | 413 | | (272) | | (65.9)% | 323 | | 51 | | 12.3% |
| HOME SOLUTIONS | | 377 | | (301) | | (79.8)% | 317 | | 16 | | 4.2% |
| LEARNING AND DEVELOPMENT | | 528 | | 4 | | 0.8% | 82 | | 86 | | 16.3% |
| OUTDOOR AND RECREATION | | 307 | | (474) | | (154.4)% | 489 | | 15 | | 4.9% |
| CORPORATE | | — | | (66) | | —% | 20 | | (46) | | —% |
| | $ | 1,886 | | $ | (1,408) | | (74.7)% | $ | 1,521 | | $ | 113 | | 6.0% |
[1]Excluded items consist of $1.5 billion of impairment charges for goodwill, intangible assets and other assets; $31 million of acquisition amortization costs; $6 million of restructuring and restructuring-related charges; $6 million of fees for certain legal proceedings; $1 million for product recall costs; $1 million of transaction-related costs and $1 million related to Argentina hyperinflationary adjustment.
NEWELL BRANDS INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)
FINANCIAL WORKSHEET - SEGMENT REPORTING
(Amounts in millions)
| | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended June 30, 2020 |
| | | Reported | Reported | | Normalized | Normalized |
| | | Operating | Operating | Excluded | Operating | Operating |
| | Net Sales | Income (Loss) | Margin | Items [2] | Income (Loss) | Margin |
| | | | | | | |
| HOME APPLIANCES | | $ | 330 | | $ | 6 | | 1.8% | $ | 3 | | $ | 9 | | 2.7% |
| COMMERCIAL SOLUTIONS | | 413 | | 38 | | 9.2% | 7 | | 45 | | 10.9% |
| HOME SOLUTIONS | | 384 | | 29 | | 7.6% | 21 | | 50 | | 13.0% |
| LEARNING AND DEVELOPMENT | | 631 | | 126 | | 20.0% | 3 | | 129 | | 20.4% |
| OUTDOOR AND RECREATION | | 353 | | 24 | | 6.8% | 9 | | 33 | | 9.3% |
| CORPORATE | | — | | (60) | | —% | 9 | | (51) | | —% |
| | $ | 2,111 | | $ | 163 | | 7.7% | $ | 52 | | $ | 215 | | 10.2% |
[2]Excluded items consists of $24 million of acquisition amortization costs; $17 million of restructuring and restructuring-related charges; $5 million of non-cash impairment charges related to the operating leases of Yankee Candle retail store business; $3 million of fees for certain legal proceedings; $1 million related to product recall costs; $1 million of transaction-related costs and $1 million Argentina hyperinflationary adjustment.
NEWELL BRANDS INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)
FINANCIAL WORKSHEET - SEGMENT REPORTING
(Amounts in millions)
| | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, 2020 |
| | | Reported | Reported | | Normalized | Normalized |
| | | Operating | Operating | Excluded | Operating | Operating |
| | Net Sales | Income (Loss) | Margin | Items [3] | Income (Loss) | Margin |
| | | | | | | |
| HOME APPLIANCES | | $ | 430 | | $ | 19 | | 4.4% | $ | 3 | | $ | 22 | | 5.1% |
| COMMERCIAL SOLUTIONS | | 535 | | 84 | | 15.7% | 4 | | 88 | | 16.4% |
| HOME SOLUTIONS | | 623 | | 123 | | 19.7% | 14 | | 137 | | 22.0% |
| LEARNING AND DEVELOPMENT | | 728 | | 158 | | 21.7% | 6 | | 164 | | 22.5% |
| OUTDOOR AND RECREATION | | 383 | | 39 | | 10.2% | 7 | | 46 | | 12.0% |
| CORPORATE | | — | | (60) | | —% | 6 | | (54) | | —% |
| | $ | 2,699 | | $ | 363 | | 13.4% | $ | 40 | | $ | 403 | | 14.9% |
[3]Excluded items consists of $24 million of acquisition amortization costs; $9 million of restructuring and restructuring-related charges; $3 million of fees for certain legal proceedings; $2 million of non-cash impairment charge related to an indefinite-lived intangible asset in the Learning and Development segment; $1 million of transaction-related costs and $1 million of Argentina hyperinflationary adjustment.
NEWELL BRANDS INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)
FINANCIAL WORKSHEET - SEGMENT REPORTING
(Amounts in millions)
| | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended December 31, 2020 |
| | | Reported | Reported | | Normalized | Normalized |
| | | Operating | Operating | Excluded | Operating | Operating |
| | Net Sales | Income (Loss) | Margin | Items [4] | Income (Loss) | Margin |
| | | | | | | |
| HOME APPLIANCES | | $ | 518 | | $ | 36 | | 6.9% | $ | 2 | | $ | 38 | | 7.3% |
| COMMERCIAL SOLUTIONS | | 498 | | 61 | | 12.2% | 5 | | 66 | | 13.3% |
| HOME SOLUTIONS | | 754 | | 147 | | 19.5% | 18 | | 165 | | 21.9% |
| LEARNING AND DEVELOPMENT | | 670 | | 71 | | 10.6% | 23 | | 94 | | 14.0% |
| OUTDOOR AND RECREATION | | 249 | | (9) | | (3.6)% | 4 | | (5) | | (2.0)% |
| CORPORATE | | — | | (58) | | —% | 7 | | (51) | | —% |
| | $ | 2,689 | | $ | 248 | | 9.2% | $ | 59 | | $ | 307 | | 11.4% |
[4]Excluded items consists of $21 million of non-cash impairment charge primarily related to an indefinite-lived intangible asset in the Learning and Development segment; $20 million of acquisition amortization costs; $12 million of restructuring and restructuring-related charges; $4 million of fees for certain legal proceedings; $1 million of transaction-related costs and $1 million related to Argentina hyperinflationary adjustment.
NEWELL BRANDS INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)
FINANCIAL WORKSHEET - SEGMENT REPORTING
(Amounts in millions)
| | | | | | | | | | | | | | | | | | | | | | | |
| | Twelve Months Ended December 31, 2020 |
| | | Reported | Reported | | Normalized | Normalized |
| | | Operating | Operating | Excluded | Operating | Operating |
| | Net Sales | Income (Loss) | Margin | Items [5] | Income (Loss) | Margin |
| | | | | | | |
| HOME APPLIANCES | | $ | 1,539 | | $ | (238) | | (15.5)% | $ | 298 | | $ | 60 | | 3.9% |
| COMMERCIAL SOLUTIONS | | 1,859 | | (89) | | (4.8)% | 339 | | 250 | | 13.4% |
| HOME SOLUTIONS | | 2,138 | | (2) | | (0.1)% | 370 | | 368 | | 17.2% |
| LEARNING AND DEVELOPMENT | | 2,557 | | 359 | | 14.0% | 114 | | 473 | | 18.5% |
| OUTDOOR AND RECREATION | | 1,292 | | (420) | | (32.5)% | 509 | | 89 | | 6.9% |
| CORPORATE | | — | | (244) | | —% | 42 | | (202) | | —% |
| | $ | 9,385 | | $ | (634) | | (6.8)% | $ | 1,672 | | $ | 1,038 | | 11.1% |
[5]Excluded items consists of $1.5 billion of impairment charges primarily for goodwill, intangible assets and other assets; $99 million of acquisition amortization costs; $44 million of restructuring and restructuring-related charges; $16 million of fees for certain legal proceedings; $4 million of Argentina hyperinflationary adjustment; $4 million of transaction-related costs and $2 million related to a product recall.
