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Business Segments
6 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS
We operate in two business segments: Consumer and Flavor Solutions. The Consumer and Flavor Solutions segments manufacture, market, and distribute spices, herbs, seasoning mixes, condiments, and other flavorful products throughout the world. Our Consumer segment sells to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce under the “McCormick” brand and a variety of brands around the world, including “French’s,” “Frank’s RedHot,” “Lawry’s,” “Zatarain’s,” “Simply Asia,” “Thai Kitchen,” “Ducros,” “Vahiné,” “Cholula,” “Schwartz,” “Club House,” “Kamis,” “DaQiao,” “La Drogheria,” “Stubb’s,” “OLD BAY,” and “Gourmet Garden.” Our Flavor Solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors, with the exception of our business in China, where foodservice sales are managed by and reported in our Consumer segment.
Our CODM is our Chairman, President & Chief Executive Officer. Our CODM uses operating income excluding special charges and transaction and integration expenses related to our acquisitions to manage segment performance and allocate resources across segments and considers variances of actual performance to our annual budget and periodic forecasts as well as year over year performance when making decisions. Special charges and transaction and integration expenses are excluded from operating income in our internal reporting to the CODM as this activity is managed separately from the business segments. Activity related to special charges, including transaction and integration expenses, is described in Note 3. Transaction and integration expenses include the amortization of the acquisition-date fair value adjustment of inventories included in Cost of goods sold, costs directly associated with that acquisition and costs associated with integrating the businesses. We also exclude the gain on remeasurement of previously held equity interest from operating income in our internal reporting to the CODM, which was recorded upon consolidation of McCormick de Mexico during the first quarter of 2026 and is described in more detail in Note 2.
Although the segments are managed separately due to their distinct distribution channels and marketing strategies, manufacturing and warehousing are often integrated to maximize cost efficiencies. As a result, jointly utilized assets, including fixed assets, and depreciation and amortization expense are not maintained by individual segment. Depreciation and amortization expense is allocated to the segments except for amounts that are recognized in interest. Because of manufacturing integration for certain products within the segments, products are not sold from one segment to another but rather inventory is transferred at cost. Inter-segment transfers are not material.
ConsumerFlavor SolutionsTotal
 (in millions)
Three months ended May 31, 2026
Net sales$1,142.7 $793.9 $1,936.6 
Cost of goods sold $614.7 $543.7 $1,158.4 
SG&A expense$311.1 $130.7 $441.8 
Operating income excluding special charges$216.9 $119.5 $336.4 
Three months ended May 31, 2025
Net sales$930.6 $728.9 $1,659.5 
Cost of goods sold$520.7 $516.0 $1,036.7 
SG&A expense$246.3 $117.9 $364.2 
Operating income excluding special charges$163.6 $95.0 $258.6 
 
Six months ended May 31, 2026
Net sales$2,287.7 $1,522.8 $3,810.5 
Cost of goods sold excluding special charges$1,253.5 $1,054.9 $2,308.4 
SG&A expense$637.7 $260.4 $898.1 
Operating income excluding special charges$396.5 $207.5 $604.0 
Six months ended May 31, 2025
Net sales$1,849.8 $1,415.2 $3,265.0 
Cost of goods sold$1,034.5 $1,003.7 $2,038.2 
SG&A expense$505.0 $238.0 $743.0 
Operating income excluding special charges$310.3 $173.5 $483.8 
A reconciliation of cost of goods sold excluding special charges and operating income excluding special charges to cost of goods sold and operating income for the three and six months ended May 31, 2026 is as follows (in millions):
ConsumerFlavor SolutionsTotal
Three months ended May 31, 2026
Operating income excluding special charges $216.9 $119.5 $336.4 
Less: Special charges 60.0 
Operating income$276.4 
Three months ended May 31, 2025
Operating income excluding special charges$163.6 $95.0 $258.6 
Less: Special charges12.8 
Operating income$245.8 
Six months ended May 31, 2026
Cost of goods sold excluding special charges$1,253.5 $1,054.9 $2,308.4 
Less: Special charges15.0 
Cost of goods sold$2,323.4 
Operating income excluding special charges$396.5 $207.5 $604.0 
Less: Special charges100.1 
Operating income$503.9 
Six months ended May 31, 2025
Operating income excluding special charges$310.3 $173.5 $483.8 
Less: Special charges12.8 
Operating income$471.0 

The preceding table provides a reconciliation of our segment operating income excluding special charges to our consolidated operating income. The reconciliation of that operating income to income from consolidated operations before income taxes, which includes interest expense and other income, net is presented on the consolidated income statement.
Geographic Area
The following table sets forth our net sales, by geographic area, for the three and six months ended May 31, 2026 and 2025 (in millions):
Three months ended May 31,Six months ended May 31,
 2026202520262025
Americas$1,411.9 $1,176.3 $2,751.5 $2,294.6 
EMEA334.5 308.6 670.2 608.1 
APAC190.2 174.6 388.8 362.3 
Total$1,936.6 $1,659.5 $3,810.5 $3,265.0