Newell Brands (NWL) 8-K Results of Operations and Financial Condition

Exhibit 99.2

Newell Rubbermaid Inc.
2004- Q2 2006 Proforma Quarterly Segment Sales and Operating Income
Restatement to Reflect the Intended Disposition of the Little Tikes Business
September 11, 2006

The company has updated its segment reporting to reflect the intended disposition of the Little Tikes business, previously reported in the Other segment. The schedule below shows these businesses as part of Discontinued Operations.

	Q1													Q2
2006	Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin
Cleaning & Organization	$	333.1	$	21.3			—	$	21.3			6.4	%	$	403.3	$	42.9			—	$	42.9			10.6	%
Office Products		390.8		32.3			—		32.3			8.3	%		579.1		99.9			—		99.9			17.3	%
Tools & Hardware		276.8		33.1			—		33.1			12.0	%		328.8		53.8			—		53.8			16.4	%
Home Fashions		116.6		17.1			—		17.1			14.7	%		106.6		14.4			—		14.4			13.5	%
Other		225.3		32.7			—		32.7			14.5	%		216.3		29.8			—		29.8			13.8	%
Corporate		—		(17.6	)		—		(17.6	)					—		(20.0	)		—		(20.0	)
Impairment		—		—			—		—						—		—			—		—
Restructuring		—		(9.1	)		9.1		—						—		(19.1	)		19.1		—
Continuing Operations		1,342.6		109.8			9.1		118.9			8.9	%		1,634.1		201.7			19.1		220.8			13.5	%

	Q1													Q2													Q3														Q4														Full Year
2005	Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)			Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)			Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin
Cleaning & Organization	$	300.3	$	12.5			—	$	12.5			4.2	%	$	365.1	$	23.1			—	$	23.1			6.3	%	$	375.8	$	51.1			—		$	51.1			13.6	%	$	432.9	$	21.8			—		$	21.8			5.0	%	$	1,474.1	$	108.5			—	$	108.5			7.4	%
Office Products		332.8		33.5			—		33.5			10.1	%		495.5		98.9			—		98.9			20.0	%		427.8		59.9			—			59.9			14.0	%		457.2		73.7			—			73.7			16.1	%		1,713.3		266.0			—		266.0			15.5	%
Tools & Hardware		276.4		26.7			—		26.7			9.7	%		315.5		49.3			—		49.3			15.6	%		318.9		46.3			—			46.3			14.5	%		349.5		48.8			—			48.8			14.0	%		1,260.3		171.1			—		171.1			13.6	%
Home Fashions		97.7		2.3			—		2.3			2.4	%		115.0		8.0			—		8.0			7.0	%		115.1		16.8			—			16.8			14.6	%		119.1		10.2			—			10.2			8.6	%		446.9		37.3			—		37.3			8.3	%
Other		196.5		17.0			—		17.0			8.7	%		202.8		26.0			—		26.0			12.8	%		199.0		25.4			—			25.4			12.8	%		224.3		35.1			—			35.1			15.6	%		822.6		103.5			—		103.5			12.6	%
Corporate		—		(9.5	)		—		(9.5	)					—		(9.7	)		—		(9.7	)					—		(10.1	)		—			(10.1	)					—		(16.7	)		—			(16.7	)					—		(46.0	)		—		(46.0	)
Impairment		—		—			—		—						—		(31.4	)		31.4		—						—		25.2			(25.2	)		—						—		5.8			(5.8	)		—						—		(0.4	)		0.4		—
Restructuring		—		(6.5	)		—		(6.5	)					—		(0.3	)		—		(0.3	)					—		(14.6	)		—			(14.6	)					—		(51.2	)		51.2			—						—		(72.6	)		51.2		(21.4	)
Continuing Operations		1,203.7		76.0			—		76.0			6.3	%		1,493.9		163.9			31.4		195.3			13.1	%		1,436.6		200.0			(25.2	)		174.8			12.2	%		1,583.0		127.5			45.4			172.9			10.9	%		5,717.2		567.4			51.6		619.0			10.8	%

	Q1													Q2													Q3													Q4													Full Year
2004	Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin			Sales		Reported OI			Charges (1)		Ex. Charges OI			Margin
Cleaning & Organization	$	367.4	$	13.9			3.2	$	17.1			4.7	%	$	392.0	$	11.1			5.2	$	16.3			4.2	%	$	384.8	$	29.5			—	$	29.5			7.7	%	$	408.7	$	39.3			—	$	39.3			9.6	%	$	1,552.9	$	93.8		$	8.4	$	102.2			6.6	%
Office Products		332.8		31.8			—		31.8			9.6	%		489.2		95.5			0.3		95.8			19.6	%		424.3		61.5			—		61.5			14.5	%		439.9		73.2			—		73.2			16.6	%		1,686.2		262.0			0.3		262.3			15.6	%
Tools & Hardware		274.3		43.0			—		43.0			15.7	%		300.3		43.5			3.1		46.6			15.5	%		300.6		45.1			—		45.1			15.0	%		343.5		50.1			—		50.1			14.6	%		1,218.7		181.7			3.1		184.8			15.2	%
Home Fashions		103.0		(1.7	)		—		(1.7	)		(1.7	%)		109.5		4.6			—		4.6			4.2	%		118.9		8.7			—		8.7			7.3	%		109.1		8.2			—		8.2			7.5	%		440.5		19.8			—		19.8			4.5	%
Other		198.4		18.7			—		18.7			9.4	%		200.1		20.1			0.2		20.3			10.1	%		190.0		20.8			—		20.8			10.9	%		220.3		28.8			—		28.8			13.1	%		808.8		88.4			0.2		88.6			11.0	%
Corporate		—		(7.4	)		—		(7.4	)					—		(9.7	)		—		(9.7	)					—		(10.2	)		—		(10.2	)					—		(12.0	)		—		(12.0	)					—		(39.3	)		—		(39.3	)
Impairment		—		—			—		—						—		(19.4	)		19.4		—						—		(244.6	)		244.6		—						—		—			—		—						—		(264.0	)		264.0		—
Restructuring		—		(6.6	)		6.6		—						—		(14.1	)		14.1		—						—		(0.4	)		0.4		—						—		(7.1	)		7.1		—						—		(28.2	)		28.2		—
Continuing Operations		1,275.9		91.7			9.8		101.5			8.0	%		1,491.1		131.6			42.3		173.9			11.7	%		1,418.6		(89.6	)		245.0		155.4			11.0	%		1,521.5		180.5			7.1		187.6			12.3	%		5,707.1		314.2			304.2		618.4			10.8	%

(1) Charges are primarily related to restructuring, asset impairment, product line exits, acquisitions and divestitures

Newell Rubbermaid Inc.
Proforma Quarterly Income Statements
Restatement to Reflect the Intended Disposition of the Little Tikes Business
September 11, 2006

The company has updated its segment reporting to reflect the intended disposition of the Little Tikes business, previously reported in the Other segment. The schedule below shows these businesses as part of Discontinued Operations.

	Q1									Q2
2006	Reported			Charges (1)			Excluding Charges			Reported			Charges (1)			Excluding Charges
Net Sales		1,342.6			—			1,342.6			1,634.1			—			1,634.1
GROSS MARGIN		432.1			—			432.1			563.0			—			563.0
SG&A		(313.2	)		—			(313.2	)		(342.2	)		—			(342.2	)
Impairment		—			—			—			—			—			—
Restructuring		(9.1	)		9.1			—			(19.1	)		19.1			—
OPERATING INCOME		109.8			9.1			118.9			201.7			19.1			220.8
Non-Operating Expense		(36.2	)		—			(36.2	)		(37.4	)		—			(37.4	)
Income Taxes		56.6			(2.0	)		54.6			(28.8	)		(5.6	)		(34.4	)
Income from Continuing Operations		130.2			7.1			137.3			135.5			13.5			149.0
Discontinued Operations, net		(75.4	)		75.4			—			(16.0	)		16.0			—
NET INCOME		54.8			82.5			137.3			119.5			29.5			149.0
EARNINGS PER SHARE FROM CONTINUING OPERATIONS:
Basic	$	0.47		$	0.03		$	0.50		$	0.49		$	0.05		$	0.54
Diluted	$	0.47		$	0.03		$	0.50		$	0.49		$	0.05		$	0.54
LOSS PER SHARE FROM DISCONTINUED OPERATIONS:
Basic	$	(0.27	)	$	0.27		$	—		$	(0.06	)	$	0.06		$	—
Diluted	$	(0.27	)	$	0.27		$	—		$	(0.06	)	$	0.06		$	—
EARNINGS PER SHARE:
Basic	$	0.20		$	0.30		$	0.50		$	0.44		$	0.11		$	0.54
Diluted	$	0.21		$	0.29		$	0.50		$	0.43		$	0.10		$	0.54
Average shares outstanding:
Basic		274.5			274.5			274.5			274.6			274.6			274.6
Diluted		283.3			283.3			283.3			283.6			283.6			283.6

(1) Charges are related to restructuring and divestitures.

Newell Rubbermaid Inc.
Proforma Quarterly Income Statements
Restatement to Reflect the Intended Disposition of the Little Tikes Business
September 11, 2006

The company has updated its segment reporting to reflect the intended disposition of the Little Tikes business, previously reported in the Other segment. The schedule below shows these businesses as part of Discontinued Operations.

	Q1								Q2									Q3									Q4									Full Year
2005	Reported			Charges (1)		Excluding Charges			Reported			Charges (1)			Excluding Charges			Reported			Charges (1)			Excluding Charges			Reported			Charges (1)			Excluding Charges			Reported			Charges (1)			Excluding Charges
Net Sales		1,203.7			—		1,203.7			1,493.9			—			1,493.9			1,436.6			—			1,436.6			1,583.0			—			1,583.0			5,717.2			—			5,717.2
GROSS MARGIN		338.4			—		338.4			477.1			—			477.1			462.4			—			462.4			480.2			—			480.2			1,758.1			—			1,758.1
SG&A		(255.9	)		—		(255.9	)		(281.5	)		—			(281.5	)		(273.0	)		—			(273.0	)		(307.3	)		—			(307.3	)		(1,117.7	)		—			(1,117.7	)
Impairment		—			—		—			(31.4	)		31.4			—			25.2			(25.2	)		—			5.8			(5.8	)		—			(0.4	)		0.4			—
Restructuring		(6.5	)		—		(6.5	)		(0.3	)		—			(0.3	)		(14.6	)		—			(14.6	)		(51.2	)		51.2			—			(72.6	)		51.2			(21.4	)
OPERATING INCOME		76.0			—		76.0			163.9			31.4			195.3			200.0			(25.2	)		174.8			127.5			45.4			172.9			567.4			51.6			619.0
Non-Operating Expense		(29.0	)		—		(29.0	)		(33.3	)		—			(33.3	)		(33.2	)		—			(33.2	)		(8.5	)		—			(8.5	)		(104.0	)		—			(104.0	)
Income Taxes		48.7			—		48.7			(41.9	)		(6.9	)		(48.8	)		(30.2	)		5.1			(25.1	)		(33.7	)		(16.9	)		(50.6	)		(57.1	)		(18.7	)		(75.8	)
Income from Continuing Operations		95.7			—		95.7			88.7			24.5			113.2			136.6			(20.1	)		116.5			85.3			28.5			113.8			406.3			32.9			439.2
Discontinued Operations, net		(59.1	)		59.1		—			(22.5	)		22.5			—			(65.1	)		65.1			—			(8.3	)		8.3			—			(155.0	)		155.0			—
NET INCOME		36.6			59.1		95.7			66.2			47.0			113.2			71.5			45.0			116.5			77.0			36.8			113.8			251.3			187.9			439.2
EARNINGS PER SHARE FROM
CONTINUING OPERATIONS:
Basic	$	0.35		$	—	$	0.35		$	0.32		$	0.09		$	0.41		$	0.50		$	(0.07	)	$	0.42		$	0.31		$	0.10		$	0.41		$	1.48		$	0.12		$	1.60
Diluted	$	0.35		$	—	$	0.35		$	0.32		$	0.09		$	0.41		$	0.49		$	(0.07	)	$	0.42		$	0.31		$	0.10		$	0.41		$	1.48		$	0.12		$	1.60
LOSS PER SHARE FROM
DISCONTINUED OPERATIONS:
Basic	$	(0.22	)	$	0.22	$	—		$	(0.08	)	$	0.08		$	—		$	(0.24	)	$	0.24		$	—		$	(0.03	)	$	0.03		$	—		$	(0.56	)	$	0.56		$	—
Diluted	$	(0.21	)	$	0.21	$	—		$	(0.08	)	$	0.08		$	—		$	(0.23	)	$	0.23		$	—		$	(0.03	)	$	0.03		$	—		$	(0.56	)	$	0.56		$	—
EARNINGS PER SHARE:
Basic	$	0.13		$	0.22	$	0.35		$	0.24		$	0.17		$	0.41		$	0.26		$	0.16		$	0.42		$	0.28		$	0.13		$	0.41		$	0.92		$	0.68		$	1.60
Diluted	$	0.13		$	0.21	$	0.35		$	0.24		$	0.17		$	0.41		$	0.27		$	0.16		$	0.42		$	0.28		$	0.13		$	0.41		$	0.91		$	0.68		$	1.60
Average shares outstanding:
Basic		274.4			274.4		274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4
Diluted		274.9			274.9		274.9			274.7			274.7			274.7			283.3			283.3			283.3			274.9			274.9			274.9			274.9			274.9			274.9

(1) Charges are related to restructuring, asset impairment and divestitures.

Newell Rubbermaid
Proforma Quarterly Income Statements
Restatement to Reflect the Intended Disposition of the Little Tikes Business
September 11, 2006

The company has updated its segment reporting to reflect the intended disposition of the Little Tikes business, previously reported in the Other segment. The schedule below shows these businesses as part of Discontinued Operations.

	Q1									Q2									Q3										Q4									Full Year
2004	Reported			Charges (1)			Excluding Charges			Reported			Charges (1)			Excluding Charges			Reported			Charges (1)				Excluding Charges			Reported			Charges (1)			Excluding Charges			Reported			Charges (1)			Excluding Charges
Net Sales		1,275.9			—			1,275.9			1,491.1			—			1,491.1			1,418.6			—				1,418.6			1,521.5			—			1,521.5			5,707.1			—			5,707.1
GROSS MARGIN		350.4			3.2			353.6			436.7			7.3			444.0			409.3			—				409.3			460.1			—			460.1			1,656.5			10.5			1,667.0
SG&A		(252.1	)		—			(252.1	)		(271.6	)		1.5			(270.1	)		(253.9	)		—				(253.9	)		(272.5	)		—			(272.5	)		(1,050.1	)		1.5			(1,048.6	)
Impairment		—			—			—			(19.4	)		19.4			—			(244.6	)		244.6				—			—			—			—			(264.0	)		264.0			—
Restructuring		(6.6	)		6.6			—			(14.1	)		14.1			—			(0.4	)		0.4				—			(7.1	)		7.1			—			(28.2	)		28.2			—
OPERATING INCOME		91.7			9.8			101.5			131.6			42.3			173.9			(89.6	)		245.0				155.4			180.5			7.1			187.6			314.2			304.2			618.4
Non Operating Expense		(33.3	)		—			(33.3	)		(31.2	)		—			(31.2	)		(29.1	)		—				(29.1	)		(22.7	)		—			(22.7	)		(116.3	)		—			(116.3	)
Income Taxes		(18.6	)		(5.5	)		(24.1	)		(13.0	)		(17.5	)		(30.5	)		(19.5	)		(16.1	)			(35.6	)		(41.9	)		(1.6	)		(43.5	)		(92.9	)		(40.7	)		(133.7	)
Income from Continuing Operations		39.8			4.3			44.1			87.4			24.8			112.2			(138.2	)		228.9				90.7			115.9			5.5			121.4			105.0			263.5			368.4
Discontinued Operations		(114.7	)		114.7			—			(26.4	)		26.4			—			(88.2	)		88.2				—			8.2			(8.2	)		—			(221.1	)		221.1			—
NET (LOSS) INCOME		(74.9	)		119.0			44.1			61.0			51.2			112.2			(226.4	)		317.1				90.7			124.1			(2.7	)		121.4			(116.1	)		484.6			368.4
EARNINGS (LOSS) PER SHARE FROM
CONTINUING OPERATIONS:
Basic	$	0.15		$	0.02		$	0.16		$	0.32		$	0.09		$	0.41		$	(0.50	)	$	0.83			$	0.33		$	0.42		$	0.02		$	0.44		$	0.38		$	0.96		$	1.34
Diluted	$	0.14		$	0.02		$	0.16		$	0.32		$	0.09		$	0.41		$	(0.50	)	$	0.83			$	0.33		$	0.42		$	0.02		$	0.44		$	0.38		$	0.96		$	1.34
LOSS PER SHARE FROM
DISCONTINUED OPERATIONS:
Basic	$	(0.42	)	$	0.42		$	—		$	(0.10	)	$	0.10		$	—		$	(0.32	)	$	0.32			$	—		$	0.03		$	(0.03	)	$	—		$	(0.81	)	$	0.81		$	—
Diluted	$	(0.42	)	$	0.42		$	—		$	(0.10	)	$	0.10		$	—		$	(0.32	)	$	0.32			$	—		$	0.03		$	(0.03	)	$	—		$	(0.80	)	$	0.80		$	—
(LOSS) EARNINGS PER SHARE:
Basic	$	(0.27	)	$	0.43		$	0.16		$	0.22		$	0.19		$	0.41		$	(0.83	)	$	1.16			$	0.33		$	0.45		$	(0.01	)	$	0.44		$	(0.42	)	$	1.77		$	1.34
Diluted	$	(0.27	)	$	0.43		$	0.16		$	0.22		$	0.19		$	0.41		$	(0.83	)	$	1.16			$	0.33		$	0.45		$	(0.01	)	$	0.44		$	(0.42	)	$	1.76		$	1.34
Average shares outstanding:																									��
Basic		274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4				274.4			274.4			274.4			274.4			274.4			274.4			274.4
Diluted		274.5			274.5			274.5			274.5			274.5			274.5			274.4			274.4				274.4			283.5			283.5			283.5			274.7			274.7			274.7

(1) Charges are primarily related to restructuring, asset impairment, product line exits, acquisitions and divestitures