Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Selected Income Statement Information by Segment

Selected Statement of Income Information

	Earnings						Depreciation and Amortization(a)
	Three Months Ended						Three Months Ended
	June 30,						June 30,
(MILLIONS OF DOLLARS)	2025			2024			2025		2024
U.S.
Revenue	$	1,356		$	1,308
Cost of sales	208			232
Gross profit	1,148			1,076
Gross margin	84.7		%	82.3		%
Operating expenses(b)	218			204
Other (income)/deductions-net	—			—
U.S. Earnings	930			872			$	22	$	21
International
Revenue(c)	1,070			1,035
Cost of sales	314			342
Gross profit	756			693
Gross margin	70.7		%	67.0		%
Operating expenses(b)	173			175
Other (income)/deductions-net	—			—
International Earnings	583			518			25		25
Total operating segments	1,513			1,390			47		46
Other business activities	(134)			(142)			13		11
Reconciling Items:
Corporate	(321)			(299)			29		33
Purchase accounting adjustments	(33)			(35)			33		35
Acquisition and divestiture-related costs	(1)			(5)			—		—
Certain significant items	(47)			(70)			—		—
Other unallocated	(75)			(59)			1		2
Total Earnings(d)	$	902		$	780		$	123	$	127

(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, advertising and promotions, other marketing expenses, and freight and logistics costs.

(c)    Revenue denominated in euros was $241 million and $237 million for the three months ended June 30, 2025 and 2024, respectively.

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

	Earnings						Depreciation and Amortization(a)
	Six Months Ended						Six Months Ended
	June 30,						June 30,
(MILLIONS OF DOLLARS)	2025			2024			2025		2024
U.S.
Revenue	$	2,539		$	2,471
Cost of sales	407			449
Gross profit	2,132			2,022
Gross margin	84.0		%	81.8		%
Operating expenses(b)	423			394
Other (income)/deductions-net	—			—
U.S. Earnings	1,709			1,628			$	45	$	45
International
Revenue(c)	2,078			2,042
Cost of sales	616			655
Gross profit	1,462			1,387
Gross margin	70.4		%	67.9		%
Operating expenses(b)	327			334
Other (income)/deductions-net	1			—
International Earnings	1,134			1,053			48		48
Total operating segments	2,843			2,681			93		93
Other business activities	(263)			(274)			24		20
Reconciling Items:
Corporate	(592)			(587)			58		65
Purchase accounting adjustments	(65)			(72)			65		72
Acquisition and divestiture-related costs	(1)			(5)			—		—
Certain significant items	(53)			(76)			—		—
Other unallocated	(157)			(140)			2		3
Total Earnings(d)	$	1,712		$	1,527		$	242	$	253

(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, advertising and promotions, other marketing expenses, and freight and logistics costs.

(c)    Revenue denominated in euros was $468 million and $460 million for the six months ended June 30, 2025 and 2024, respectively.

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