10-Q Filing

NEWELL BRANDS INC. CIK: 814453 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-159187`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	nwl-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 34 Cash Flow Statement 55 Comprehensive Income 12

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$587.50M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$687.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$485.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$459.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.67B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.35B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.50B	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.58B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$415.50M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$427.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	508.80M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.65B	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	508.10M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.47B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.08B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	22.90M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	23.10M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.71B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.56B	USD	Point-in-time
Goodwill	`Goodwill`	$9.67B	USD	Point-in-time
Goodwill	`Goodwill`	$10.56B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$13.14B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.24B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$224.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$151.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$393.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$402.70M	USD	Point-in-time
Total assets	`Assets`	$33.14B	USD	Point-in-time
Total assets	`Assets`	$33.47B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.40B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.76B	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$160.50M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$187.00M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$1.71B	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$1.62B	USD	Point-in-time
Short-term debt and current portion of long-term debt	`DebtCurrent`	$1.53B	USD	Point-in-time
Short-term debt and current portion of long-term debt	`DebtCurrent`	$662.80M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$209.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.92B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.32B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$9.62B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$9.89B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.31B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.28B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.44B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.48B	USD	Point-in-time
Total liabilities	`Liabilities`	$18.95B	USD	Point-in-time
Total liabilities	`Liabilities`	$19.30B	USD	Point-in-time
Commitments and contingencies (Footnote 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Footnote 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at March 31, 2018 and December 31, 2017)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at March 31, 2018 and December 31, 2017)	`PreferredStockValue`	-	USD	Point-in-time
Common stock (800 authorized shares, $1.00 par value 508.8 shares and 508.1 shares issued at March 31, 2018 and December 31, 2017, respectively)	`CommonStockValue`	$508.80M	USD	Point-in-time
Common stock (800 authorized shares, $1.00 par value 508.8 shares and 508.1 shares issued at March 31, 2018 and December 31, 2017, respectively)	`CommonStockValue`	$508.10M	USD	Point-in-time
Treasury stock, at cost (23.1 and 22.9 shares at March 31, 2018 and December 31, 2017, respectively):	`TreasuryStockValue`	$580.20M	USD	Point-in-time
Treasury stock, at cost (23.1 and 22.9 shares at March 31, 2018 and December 31, 2017, respectively):	`TreasuryStockValue`	$573.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.37B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.36B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.61B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.54B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-763.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-711.70M	USD	Point-in-time
Stockholders' equity attributable to parent	`StockholdersEquity`	$14.13B	USD	Point-in-time
Stockholders' equity attributable to parent	`StockholdersEquity`	$14.14B	USD	Point-in-time
Stockholders' equity attributable to noncontrolling interests	`MinorityInterest`	$36.40M	USD	Point-in-time
Stockholders' equity attributable to noncontrolling interests	`MinorityInterest`	$36.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.18B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.17B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.47B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.14B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$3.02B	USD	1 Quarter
Net sales	`Revenues`	$3.27B	USD	1 Quarter
Cost of products sold	`CostOfRevenue`	$2.01B	USD	1 Quarter
Cost of products sold	`CostOfRevenue`	$2.15B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.12B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$880.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$931.50M	USD	1 Quarter
Restructuring Costs, Net	`RestructuringCharges`	$7.90M	USD	1 Quarter
Restructuring Costs, Net	`RestructuringCharges`	$13.30M	USD	1 Quarter
Impairment of goodwill, intangibles and other assets	`AssetImpairmentCharges`	$18.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$154.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$117.10M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$116.10M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$122.20M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-27.80M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$786.10M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$790.10M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-51.30M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$151.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$638.50M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	484.20M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	486.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	487.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	485.80M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.31	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.19	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.23	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$638.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$149.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$170.60M	USD	1 Quarter
Impairment of goodwill, intangibles and other assets	`AssetImpairmentCharges`	$18.40M	USD	1 Quarter
Net gain from sale of businesses	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$600.00K	USD	1 Quarter
Net gain from sale of businesses	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$784.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtOperatingCashPortion`	$-2.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-161.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-94.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$20.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.10M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.90M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-800.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-306.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-255.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$360.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$308.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-285.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-142.60M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-27.20M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$182.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-263.60M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-401.70M	USD	1 Quarter
Proceeds from sale of divested businesses	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$1.86B	USD	1 Quarter
Acquisitions and acquisition-related activity	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$557.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$95.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$100.70M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$10.20M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-800.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.21B	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.30M	USD	1 Quarter
Net short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$246.40M	USD	1 Quarter
Net short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$602.80M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtFinancingCashPortion`	$25.60M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$700.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$972.30M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$112.60M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$92.90M	USD	1 Quarter
Equity compensation activity and other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-14.80M	USD	1 Quarter
Equity compensation activity and other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-15.20M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-859.60M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$474.70M	USD	1 Quarter
Exchange rate effect on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.50M	USD	1 Quarter
Exchange rate effect on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.60M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.00M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.70M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$587.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$687.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$485.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$459.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$587.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$687.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$485.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$459.00M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$638.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$106.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$64.10M	USD	1 Quarter
Unrecognized pension and postretirement costs	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Unrecognized pension and postretirement costs	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$16.30M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.60M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-10.70M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$51.40M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$96.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$104.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$734.60M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.