2021 Q1 Form 10-Q Financial Statement

#000081445321000072 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $2.288B $1.886B
YoY Change 21.31% -7.64%
Cost Of Revenue $1.557B $1.269B
YoY Change 22.7% -8.51%
Gross Profit $731.0M $617.0M
YoY Change 18.48% -5.8%
Gross Profit Margin 31.95% 32.71%
Selling, General & Admin $534.0M $548.0M
YoY Change -2.55% -3.69%
% of Gross Profit 73.05% 88.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $86.00M $91.00M
YoY Change -5.49% 4.6%
% of Gross Profit 11.76% 14.75%
Operating Expenses $534.0M $548.0M
YoY Change -2.55% -3.69%
Operating Profit $192.0M -$1.408B
YoY Change -113.64% -11833.33%
Interest Expense $67.00M $63.00M
YoY Change 6.35% -178.75%
% of Operating Profit 34.9%
Other Income/Expense, Net $1.000M -$12.00M
YoY Change -108.33% -53.85%
Pretax Income $126.0M -$1.483B
YoY Change -108.5% 1477.66%
Income Tax $37.00M -$204.0M
% Of Pretax Income 29.37%
Net Earnings $89.00M -$1.279B
YoY Change -106.96% 747.02%
Net Earnings / Revenue 3.89% -67.82%
Basic Earnings Per Share $0.21 -$3.02
Diluted Earnings Per Share $0.21 -$3.02
COMMON SHARES
Basic Shares Outstanding 424.9M shares 423.8M shares
Diluted Shares Outstanding 427.6M shares 423.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $682.0M $476.0M
YoY Change 43.28% 30.77%
Cash & Equivalents $682.0M $476.0M
Short-Term Investments
Other Short-Term Assets $272.0M $343.0M
YoY Change -20.7% -90.85%
Inventory $1.901B $1.700B
Prepaid Expenses
Receivables $1.530B $1.398B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.385B $3.917B
YoY Change 11.95% -47.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.151B $1.123B
YoY Change 2.49% 20.66%
Goodwill $3.525B $3.483B
YoY Change 1.21% 17.74%
Intangibles $3.506B $3.567B
YoY Change -1.71% -35.57%
Long-Term Investments
YoY Change
Other Assets $417.0M $379.0M
YoY Change 10.03% 15.09%
Total Long-Term Assets $9.955B $9.986B
YoY Change -0.31% -5.7%
TOTAL ASSETS
Total Short-Term Assets $4.385B $3.917B
Total Long-Term Assets $9.955B $9.986B
Total Assets $14.34B $13.90B
YoY Change 3.14% -23.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.501B $1.036B
YoY Change 44.88% 10.81%
Accrued Expenses $1.424B $1.176B
YoY Change 21.09% -1.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $636.0M
YoY Change -100.0% 11.58%
Long-Term Debt Due $357.0M $3.000M
YoY Change 11800.0% 0.0%
Total Short-Term Liabilities $3.363B $2.951B
YoY Change 13.96% -16.91%
LONG-TERM LIABILITIES
Long-Term Debt $5.135B $5.375B
YoY Change -4.47% -19.71%
Other Long-Term Liabilities $1.085B $1.097B
YoY Change -1.09% -17.43%
Total Long-Term Liabilities $6.220B $6.472B
YoY Change -3.89% -19.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.363B $2.951B
Total Long-Term Liabilities $6.220B $6.472B
Total Liabilities $10.48B $10.42B
YoY Change 0.53% -20.57%
SHAREHOLDERS EQUITY
Retained Earnings -$3.085B -$3.683B
YoY Change -16.24% 38.35%
Common Stock $8.443B $8.788B
YoY Change -3.93% -3.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $608.0M $596.0M
YoY Change 2.01% 1.41%
Treasury Stock Shares 24.40M shares 23.90M shares
Shareholders Equity $3.836B $3.454B
YoY Change
Total Liabilities & Shareholders Equity $14.34B $13.90B
YoY Change 3.14% -23.21%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $89.00M -$1.279B
YoY Change -106.96% 747.02%
Depreciation, Depletion And Amortization $86.00M $91.00M
YoY Change -5.49% 4.6%
Cash From Operating Activities -$25.00M $23.00M
YoY Change -208.7% -111.5%
INVESTING ACTIVITIES
Capital Expenditures -$54.00M -$58.00M
YoY Change -6.9% -0.34%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.000M
YoY Change -100.0% -111.11%
Cash From Investing Activities -$54.00M -$56.00M
YoY Change -3.57% -26.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $6.000M $16.00M
YoY Change -62.5% 220.0%
Cash From Financing Activities -$239.0M $173.0M
YoY Change -238.15% 19.31%
NET CHANGE
Cash From Operating Activities -$25.00M $23.00M
Cash From Investing Activities -$54.00M -$56.00M
Cash From Financing Activities -$239.0M $173.0M
Net Change In Cash -$332.0M $116.0M
YoY Change -386.21% -187.88%
FREE CASH FLOW
Cash From Operating Activities -$25.00M $23.00M
Capital Expenditures -$54.00M -$58.00M
Free Cash Flow $29.00M $81.00M
YoY Change -64.2% -157.12%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
371000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
689000000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
487000000 USD
CY2020Q4 us-gaap Restricted Cash
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40000000 USD
CY2019Q4 us-gaap Restricted Cash
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22000000 USD
CY2021Q1 us-gaap Restricted Cash
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7000000 USD
CY2020Q1 us-gaap Restricted Cash
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3900000000 USD
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55000000 USD
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8000000 USD
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CY2020Q1 us-gaap Dividends Common Stock
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2000000 USD
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3479000000 USD
CY2020Q1 us-gaap Asset Impairment Charges
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1500000000 USD
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400000000 USD
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
2000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
9000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
15000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
13000000 USD
CY2021Q1 us-gaap Restructuring Charges
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RestructuringCharges
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CY2020Q4 us-gaap Restructuring Reserve
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CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
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CY2021Q1 us-gaap Payments For Restructuring
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CY2021Q1 us-gaap Restructuring Reserve
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CY2021Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
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InventoryRawMaterialsAndSuppliesNetOfReserves
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CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
163000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
157000000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1469000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1229000000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
1901000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1638000000 USD
CY2021Q1 us-gaap Land
Land
83000000 USD
CY2020Q4 us-gaap Land
Land
86000000 USD
CY2021Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
662000000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
664000000 USD
CY2021Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2309000000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2314000000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3054000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3064000000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1903000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q1 us-gaap Depreciation
Depreciation
52000000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
48000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3553000000 USD
CY2021Q1 us-gaap Goodwill Other Increase Decrease
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GoodwillGross
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CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
5100000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
3525000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3506000000 USD
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FiniteLivedIntangibleAssetsGross
4439000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4411000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
905000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
875000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
34000000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43000000 USD
CY2020Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
1257000000 USD
CY2021Q1 nwl Customer Accruals Current
CustomerAccrualsCurrent
638000000 USD
CY2020Q4 nwl Customer Accruals Current
CustomerAccrualsCurrent
683000000 USD
CY2021Q1 us-gaap Interest Payable Current
InterestPayableCurrent
125000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
60000000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
125000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
129000000 USD
CY2021Q1 nwl Accrued Self Insurance Liabilities Contingencies And Warranties
AccruedSelfInsuranceLiabilitiesContingenciesAndWarranties
105000000 USD
CY2020Q4 nwl Accrued Self Insurance Liabilities Contingencies And Warranties
AccruedSelfInsuranceLiabilitiesContingenciesAndWarranties
108000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
81000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
66000000 USD
CY2021Q1 nwl Accruals For Marketing And Freight Expenses
AccrualsForMarketingAndFreightExpenses
56000000 USD
CY2020Q4 nwl Accruals For Marketing And Freight Expenses
AccrualsForMarketingAndFreightExpenses
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CY2021Q1 us-gaap Other Accrued Liabilities Current
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210000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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290000000 USD
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OtherLiabilitiesCurrent
1340000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1393000000 USD
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OtherLongTermDebt
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OtherLongTermDebt
19000000 USD
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DebtLongtermAndShorttermCombinedAmount
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DebtLongtermAndShorttermCombinedAmount
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CY2021Q1 us-gaap Debt Current
DebtCurrent
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CY2020Q4 us-gaap Debt Current
DebtCurrent
466000000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2021Q1 nwl Cumulative Translation Adjustment For Net Investment Hedge
CumulativeTranslationAdjustmentForNetInvestmentHedge
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CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
51000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
110000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
39000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
56000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1000000 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-14000000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
7000000 USD
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
12000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.294
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.138
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1000000 USD
CY2020Q1 nwl Effective Income Tax Rate Reconciliation Statute Of Limitations Amount
EffectiveIncomeTaxRateReconciliationStatuteOfLimitationsAmount
-15000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-8000000 USD
CY2020Q1 nwl Effective Income Tax Rate Reconciliation Federal Return To Provision Adjustments
EffectiveIncomeTaxRateReconciliationFederalReturnToProvisionAdjustments
27000000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
7000000 USD
CY2020Q1 nwl Effective Income Tax Rate Reconciliation Coronavirus Aid Relief And Economic Security Act Amount
EffectiveIncomeTaxRateReconciliationCoronavirusAidReliefAndEconomicSecurityActAmount
5000000 USD
CY2021Q1 nwl Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
424900000 shares
CY2020Q1 nwl Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
423800000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
424900000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
423800000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
427600000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423800000 shares
CY2021Q1 us-gaap Number Of Reportable Segments
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5 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2288000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1886000000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
192000000 USD
CY2020Q4 nwl Segment Assets
SegmentAssets
14700000000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1408000000 USD
CY2021Q1 nwl Segment Assets
SegmentAssets
14340000000 USD
CY2020Q1 nwl Impairmentof Intangible Assets Indefinitelived Including Goodwill
ImpairmentofIntangibleAssetsIndefinitelivedIncludingGoodwill
1469000000 USD
CY2021Q1 nwl Impairmentof Intangible Assets Indefinitelived Including Goodwill
ImpairmentofIntangibleAssetsIndefinitelivedIncludingGoodwill
0 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2288000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2288000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1886000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1886000000 USD
CY2021Q1 nwl Number Of Securities Action Lawsuits
NumberOfSecuritiesActionLawsuits
2 lawsuit
CY2021Q1 nwl Number Of Putative Class Action Lawsuits
NumberOfPutativeClassActionLawsuits
2 lawsuit
CY2021Q1 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
41000000 USD
CY2021Q1 nwl Number Of General Notice Letter Recipients
NumberOfGeneralNoticeLetterRecipients
100 entity
CY2021Q1 nwl Number Of Remediation Alternatives
NumberOfRemediationAlternatives
4 alternative
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2016Q3 nwl Number Of Pr Ps
NumberOfPRPs
20 Recipient
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2016Q3 nwl Number Of Public Entities
NumberOfPublicEntities
5 entity
CY2021Q1 nwl Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
Milesofriverincludedintheremedialinvestigationandfeasibilitystudy
8.3 mi
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
53000000 USD

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