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Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Selected Financial Information Relating To Company's Segments

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.
Schedule of Other Segment Expenses

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

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