Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Selected Income Statement Information by Segment

	Earnings						Depreciation and Amortization(a)
	Six Months Ended						Six Months Ended
	June 30,						June 30,
(MILLIONS OF DOLLARS)	2022			2021			2022		2021
U.S.
Revenue	$	2,111		$	1,937
Cost of sales	383			376
Gross profit	1,728			1,561
Gross margin	81.9		%	80.6		%
Operating expenses	372			301
Other (income)/deductions-net	(7)			2
U.S. Earnings	1,363			1,258			$	28	$	27
International
Revenue(b)	1,891			1,846
Cost of sales	553			560
Gross profit	1,338			1,286
Gross margin	70.8		%	69.7		%
Operating expenses	306			277
Other (income)/deductions-net	(2)			—
International Earnings	1,034			1,009			41		35
Total operating segments	2,397			2,267			69		62
Other business activities	(209)			(195)			14		14
Reconciling Items:
Corporate	(526)			(492)			66		55
Purchase accounting adjustments	(80)			(88)			80		88
Acquisition-related costs	(3)			(7)			—		—
Certain significant items(c)	(4)			(32)			—		—
Other unallocated	(178)			(130)			2		2
Total Earnings(d)	$	1,397		$	1,323		$	231	$	221

(a)    Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.

(b)    Revenue denominated in euros was $407 million and $401 million for the six months ended June 30, 2022 and 2021, respectively.

(c)    For the six months ended June 30, 2022, primarily represents inventory charges related to the consolidation of manufacturing sites in China and product transfer costs, partially offset by other items.

For the six months ended June 30, 2021, primarily represents asset impairment charges related to the consolidation of manufacturing sites in China, employee termination costs related to cost-reduction and productivity initiatives and a net loss related to the sale of certain assets of our poultry automation business located in the U.S. and Canada.

(d)    Defined as income before provision for taxes on income.