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Segment Information (Tables) | 6 Months Ended
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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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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