Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Selected Income Statement Information by Segment

	Earnings						Depreciation and Amortization(a)
	Three Months Ended						Three Months Ended
	March 31,						March 31,
(MILLIONS OF DOLLARS)	2025			2024			2025		2024
U.S.
Revenue	$	1,183		$	1,163
Cost of sales	199			217
Gross profit	984			946
Gross margin	83.2		%	81.3		%
Operating expenses(b)	205			190
Other (income)/deductions-net	—			—
U.S. Earnings	779			756			$	23	$	24
International
Revenue(c)	1,008			1,007
Cost of sales	302			313
Gross profit	706			694
Gross margin	70.0		%	68.9		%
Operating expenses(b)	154			159
Other (income)/deductions-net	1			—
International Earnings	551			535			23		23
Total operating segments	1,330			1,291			46		47
Other business activities	(129)			(132)			11		9
Reconciling Items:
Corporate	(271)			(288)			29		32
Purchase accounting adjustments	(32)			(37)			32		37
Certain significant items	(6)			(6)			—		—
Other unallocated	(82)			(81)			1		1
Total Earnings(d)	$	810		$	747		$	119	$	126

(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)    Operating expenses primarily consisted of field selling, other marketing expenses, advertising and promotions, and freight and logistics costs.

(c)    Revenue denominated in euros was $227 million and $223 million for the three months ended March 31, 2025 and 2024, respectively.

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