Newell Brands(NWL)2025-02-14 21:30Operating Segments - The Company has three primary operating segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation[21]. - The Home and Commercial Solutions segment includes brands such as Ball, Calphalon, and Rubbermaid, focusing on household products and commercial cleaning solutions[23]. - The Learning and Development segment offers writing instruments and baby gear, primarily under brands like Dymo and Graco[25]. - The Outdoor and Recreation segment markets active lifestyle products under brands such as Coleman and Contigo[27]. Financial Performance - The Company’s largest customer, Amazon, accounted for approximately 15% of net sales in 2024, while Walmart accounted for about 14%[41]. - Approximately 10 million[291]. - Approximately 38% of the Company's sales in 2024 were denominated in foreign currencies, with the European Euro at 9%, British Pound at 5%, and Canadian Dollar and Mexican Peso at 4% each[292]. Workforce and Operations - The Company employs approximately 23,700 people worldwide, with a significant portion in manufacturing and supply chain roles[46]. - The Company implemented a new operating model in 2023 to drive simplification and unlock efficiencies across its segments[22]. Innovation and Market Challenges - The Company continues to invest in research and development to create innovative products that meet consumer needs[45]. - The Company faces competitive pressures from large retailers and must continuously innovate to maintain market share[39]. Risk Management - The Company did not enter into any commodity-based derivatives during 2024 and 2023, indicating a strategy to monitor commodity price risks without active hedging[293]. - The Company is exposed to credit loss from counterparties to its derivative financial instruments, but does not anticipate non-performance due to the high ratings of these institutions[294].