Segments

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segments

18.Segments

Segment Information

The Company operates three reportable segments: Consumer Domestic, Consumer International and Specialty Products Division. These segments are determined based on differences in the nature of products and organizational structure.

Segment revenues are derived from the sale of the following products:

Segment	Products
Consumer Domestic	Household and personal care products
Consumer International	Primarily personal care products
SPD	Specialty products

The Company also has equity in earnings of affiliates which is not reflected in a reportable segment. As of June 30, 2025, the Company held 50% ownership interests in Armand. The Company's 50% interest in ArmaKleen was sold to our joint venture partner

in October of 2024. The Company’s equity in earnings of Armand and ArmaKleen, totaled $2.8 and $3.1 for the three months ended June 30, 2025 and 2024, respectively, and $4.4 and $4.2 for the six months ended June 30, 2025 and 2024, respectively.

Our reportable segments comprise the structure used by our Chief Executive Officer, who has been determined to be the Chief Operating Decision Maker ("CODM") to make key operating decisions and assess performance. The CODM considers Operating Income for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. Asset information and capital expenditures are not regularly provided to the CODM.

The following tables present financial information relating to the Company’s segments for the three months ended and six months ended June 30, 2025 and 2024:

	Three Months Ended June 30, 2025
	Consumer Domestic		Consumer International		SPD		Consolidating Reclassification(1)			Total Consolidated
Net Sales	$	1,154.1	$	277.6	$	74.6		-		$	1,506.3
Cost of sales(3)		640.4		156.4		46.3		16.2			859.3
Gross Profit		513.7		121.2		28.3		(16.2	)		647.0
Marketing expenses		118.0		38.3		0.8		-			157.1
Research and Development(2)		31.8		3.2		0.8		-			35.8
Selling, general and administrative expenses(4)		146.5		47.3		14.8		(16.2	)		192.4
Income from Operations		217.4		32.4		11.9		-			261.7
	Three Months Ended June 30, 2024
	Consumer Domestic		Consumer International		SPD		Consolidating Reclassification(1)			Total Consolidated
Net Sales	$	1,170.6	$	263.7	$	76.9	$	-		$	1,511.2
Cost of sales		585.9		148.9		47.4		16.9			799.1
Gross Profit		584.7		114.8		29.5		(16.9	)		712.1
Marketing expenses		117.5		34.4		0.5		-			152.4
Research and Development(2)		28.8		3.3		0.9		-			33.0
Selling, general and administrative expenses		148.6		42.2		15.9		(16.9	)		189.8
Income from Operations		289.8		34.9		12.2		-			336.9

	Six Months Ended June 30, 2025
	Consumer Domestic		Consumer International		SPD		Consolidating Reclassification(1)			Total Consolidated
Net Sales	$	2,283.9	$	539.5	$	150.0		-		$	2,973.4
Cost of sales(3)		1,237.8		303.7		92.7		32.6			1,666.8
Gross Profit		1,046.1		235.8		57.3		(32.6	)		1,306.6
Marketing expenses		225.7		66.3		1.7		-			293.7
Research and Development(2)		61.0		6.2		1.4		-			68.6
Selling, general and administrative expenses(4)		297.2		93.2		29.5		(32.6	)		387.3
Income from Operations		462.2		70.1		24.7		-			557.0
	Six Months Ended June 30, 2024
	Consumer Domestic		Consumer International		SPD		Consolidating Reclassification(1)			Total Consolidated
Net Sales	$	2,335.8	$	518.7	$	160.0	$	-		$	3,014.5
Cost of sales		1,188.1		293.0		100.8		33.5			1,615.4
Gross Profit		1,147.7		225.7		59.2		(33.5	)		1,399.1
Marketing expenses		239.5		63.8		1.1		-			304.4
Research and Development(2)		55.2		6.2		1.7		-			63.1
Selling, general and administrative expenses		305.6		84.9		32.7		(33.5	)		389.7
Income from Operations		547.4		70.8		23.7		-			641.9

(1)Reflects the administrative costs of the production planning and logistics functions which are elements of Cost of Sales in the Company’s Consolidated Statements of Income but are allocated to the operating segments in Selling, General and Administrative expenses to determine operating segment income before income taxes.

(2)All costs for Research & Development administration, global compliance, technology support, packaging and sustainability are reported in the Consumer Domestic segment.

(3)In the second quarter and first six months of 2025, the results include $30.4 of non-cash charges related to impairments of fixed assets, as well as inventory reserves primarily recorded in Consumer Domestic as a result of announcing that we are exiting the Flawless, Spinbrush and Waterpik showerhead businesses.

(4)In the second quarter and first six months of 2025, the results include $20.6 of non-cash charges related to impairments of intangible assets, primarily recorded in Consumer Domestic as a result of announcing that we are exiting the Flawless, Spinbrush and Waterpik showerhead businesses.

Other segment expenses for the three months ended and six months ended June 30, 2025 and 2024 include the following

	Consumer Domestic		Consumer International		SPD		Total Consolidated
Depreciation & Amortization
Second Quarter 2025	$	47.2	$	6.5	$	2.9	$	56.6
Second Quarter 2024		50.5		6.5		2.6		59.6
First Six Months of 2025	$	98.5	$	13.2	$	5.8	$	117.5
First Six Months of 2024		98.9		13.1		5.2		117.2

Product line revenues from external customers are as follows:

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2025		2024		2025		2024
Household Products	$	650.0	$	653.2	$	1,264.9	$	1,292.1
Personal Care Products		504.1		517.4		1,019.0		1,043.7
Total Consumer Domestic		1,154.1		1,170.6		2,283.9		2,335.8
Total Consumer International		277.6		263.7		539.5		518.7
Total SPD		74.6		76.9		150.0		160.0
Total Consolidated Net Sales	$	1,506.3	$	1,511.2	$	2,973.4	$	3,014.5

Household Products include laundry, deodorizing and cleaning products. Personal Care Products include condoms, pregnancy kits, oral care products, skin care and hair care products, cold and remedy products, and gummy dietary supplements.