Restructuring and Related Implementation Charges (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

For the six months ended June 30, 2024 and June 30, 2023, charges resulting from the 2022 Global Productivity Initiative are reflected in the income statement as follows:

	Six Months Ended June 30,
	2024		2023
Gross Profit	$	9	$	—
Selling, general and administrative expenses	3		2
Other (income) expense, net	51		21
Non-service related postretirement costs	—		4
Total 2022 Global Productivity Initiative charges, pretax	$	63	$	27
Total 2022 Global Productivity Initiative charges, aftertax	$	53	$	21

The following table summarizes the activity for the restructuring and related implementation charges discussed above and the related accruals:

	Six Months Ended June 30, 2024
	Employee-Related Costs		Incremental Depreciation		Asset Impairments		Other		Total
Balance at December 31, 2023	$	10	$	—	$	—	$	1	$	11
Charges	49		7		—		7		63
Cash Payments	(10)		—		—		(5)		(15)
Charges against assets	—		(7)		—		—		(7)
Foreign exchange	(1)		—		—		—		(1)
Balance at June 30, 2024	$	48	$	—	$	—	$	3	$	51

Schedule of Percent of Total Restructuring Charges Related To Segment for the period

Total charges incurred for the 2022 Global Productivity Initiative relate to initiatives undertaken by the following reportable operating segments and Corporate:

	Six Months Ended June 30,				Program-to-date Accumulated Charges
	2024		2023
North America	—	%	14	%	8	%
Latin America	—	%	2	%	9	%
Europe	90	%	26	%	41	%
Asia Pacific	—	%	22	%	8	%
Africa/Eurasia	1	%	2	%	7	%
Hill's Pet Nutrition	8	%	15	%	12	%
Corporate	1	%	19	%	15	%
Total	100	%	100	%	100	%

Schedule of Cumulative Pretax Restructuring Charges

Since the inception of the 2022 Global Productivity Initiative, the Company has incurred cumulative pretax charges of $205 ($165 aftertax) in connection with the implementation of various projects as follows:

	Cumulative Charges
	as of June 30, 2024
Employee-Related Costs	$	175
Incremental Depreciation	7
Asset Impairments	1
Other	22
Total	$	205