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Segment Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. Effective April 1, 2016, the operations of the Oral, Personal and Home Care product segment are managed geographically in five reportable operating segments: North America, Latin America, Europe, Asia Pacific and Africa/Eurasia. Through March 31, 2016, the Oral, Personal and Home Care product segment included the North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia geographic operating segments. As a result of management changes effective April 1, 2016, the Company realigned the geographic structure of its Europe/South Pacific and Asia reportable operating segments. Management responsibility for the South Pacific operations was transferred from Europe/South Pacific management to Asia management. Accordingly, commencing with the Company’s financial reporting for the quarter ended June 30, 2016, the results of the South Pacific operations are reported in the Asia Pacific reportable operating segment. The Company has recast its historical geographic segment information to conform to the new reporting structure. These changes have no impact on the Company’s historical consolidated financial position, results of operations or cash flows. The Company evaluates segment performance based on several factors, including Operating profit. The Company uses Operating profit as a measure of operating segment performance because it excludes the impact of Corporate-driven decisions related to interest expense and income taxes. The accounting policies of the operating segments are generally the same as those described in Note 2, Summary of Significant Accounting Policies. Intercompany sales have been eliminated. Corporate operations include costs related to stock options and restricted stock units, research and development costs, Corporate overhead costs, restructuring and related implementation costs and gains and losses on sales of non-core product lines and assets. The Company reports these items within Corporate operations as they relate to Corporate-based responsibilities and decisions and are not included in the internal measures of segment operating performance used by the Company to measure the underlying performance of the operating segments. Approximately 75% of the Company’s Net sales are generated from markets outside the U.S., with approximately 50% of the Company’s Net sales coming from emerging markets (which consist of Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe). Oral, Personal and Home Care sales to Wal-Mart Stores, Inc. and its affiliates represent approximately 11% of the Company's Net sales in 2016. No other customer represents more than 10% of Net sales. In 2016, Corporate Operating profit (loss) includes charges of $228 resulting from the 2012 Restructuring Program, $17 for a previously disclosed litigation matter and a gain of $97 on the sale of land in Mexico. In 2015, Corporate Operating profit (loss) included a charge of $1,084 related to the deconsolidation of the Company’s Venezuelan operations, $254 related to the 2012 Restructuring Program, $34 related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of effective devaluations and $14 for a previously disclosed litigation matter and a gain of $187 on the sale of the Company’s laundry detergent business in the South Pacific. In 2014, Corporate Operating profit (loss) included charges of $286 related to the 2012 Restructuring Program, $327 related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of a devaluation and $41 for a previously disclosed litigation matter and costs of $4 related to the sale of land in Mexico.
|  | 2016 |  | 2015 |  | 2014
Net sales |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |
North America(1) |  | $ | 3,183 |  |  | $ | 3,149 |  |  | $ | 3,124 |
Latin America |  | 3,650 |  |  | 4,327 |  |  | 4,769 |
Europe |  | 2,342 |  |  | 2,411 |  |  | 2,840 |
Asia Pacific |  | 2,796 |  |  | 2,937 |  |  | 3,081 |
Africa/Eurasia |  | 960 |  |  | 998 |  |  | 1,208 |
Total Oral, Personal and Home Care |  | 12,931 |  |  | 13,822 |  |  | 15,022 |
Pet Nutrition(2) |  | 2,264 |  |  | 2,212 |  |  | 2,255 |
Total Net sales |  | $ | 15,195 |  |  | $ | 16,034 |  |  | $ | 17,277 |
_________
(1) | Net sales in the U.S. for Oral, Personal and Home Care were $2,932, $2,896 and $2,835 in 2016, 2015 and 2014, respectively.
(2) | Net sales in the U.S. for Pet Nutrition were $1,243, $1,223 and $1,149 in 2016, 2015 and 2014, respectively.
|  | 2016 |  | 2015 |  | 2014
Operating profit |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America |  | $ | 1,030 |  |  | $ | 974 |  |  | $ | 926 |
Latin America |  | 1,132 |  |  | 1,209 |  |  | 1,279 |
Europe |  | 579 |  |  | 615 |  |  | 712 |
Asia Pacific |  | 887 |  |  | 888 |  |  | 901 |
Africa/Eurasia |  | 186 |  |  | 178 |  |  | 235 |
Total Oral, Personal and Home Care |  | 3,814 |  |  | 3,864 |  |  | 4,053 |
Pet Nutrition |  | 653 |  |  | 612 |  |  | 592 |
Corporate |  | (630 | ) |  | (1,687 | ) |  | (1,088 | )
Total Operating profit |  | $ | 3,837 |  |  | $ | 2,789 |  |  | $ | 3,557 |
|  | 2016 |  | 2015 |  | 2014
Capital expenditures |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America |  | $ | 151 |  |  | $ | 207 |  |  | $ | 136 |
Latin America |  | 94 |  |  | 110 |  |  | 205 |
Europe |  | 51 |  |  | 40 |  |  | 74 |
Asia Pacific |  | 120 |  |  | 121 |  |  | 151 |
Africa/Eurasia |  | 17 |  |  | 12 |  |  | 14 |
Total Oral, Personal and Home Care |  | 433 |  |  | 490 |  |  | 580 |
Pet Nutrition |  | 38 |  |  | 34 |  |  | 40 |
Corporate |  | 122 |  |  | 167 |  |  | 137 |
Total Capital expenditures |  | $ | 593 |  |  | $ | 691 |  |  | $ | 757 |
|  | 2016 |  | 2015 |  | 2014
Depreciation and amortization |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America |  | $ | 54 |  |  | $ | 47 |  |  | $ | 43 |
Latin America |  | 76 |  |  | 88 |  |  | 93 |
Europe |  | 64 |  |  | 67 |  |  | 77 |
Asia Pacific |  | 96 |  |  | 99 |  |  | 85 |
Africa/Eurasia |  | 7 |  |  | 8 |  |  | 10 |
Total Oral, Personal and Home Care |  | 297 |  |  | 309 |  |  | 308 |
Pet Nutrition |  | 53 |  |  | 52 |  |  | 52 |
Corporate |  | 93 |  |  | 88 |  |  | 82 |
Total Depreciation and amortization |  | $ | 443 |  |  | $ | 449 |  |  | $ | 442 |
|  | 2016 |  | 2015 |  | 2014
Identifiable assets(1) |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |
North America |  | $ | 2,685 |  |  | $ | 2,622 |  |  | $ | 2,326 |
Latin America |  | 2,314 |  |  | 2,314 |  |  | 3,693 |
Europe |  | 3,554 |  |  | 3,308 |  |  | 3,669 |
Asia Pacific |  | 2,006 |  |  | 2,031 |  |  | 2,070 |
Africa/Eurasia |  | 499 |  |  | 476 |  |  | 510 |
Total Oral, Personal and Home Care |  | 11,058 |  |  | 10,751 |  |  | 12,268 |
Pet Nutrition |  | 1,009 |  |  | 1,006 |  |  | 1,051 |
Corporate(2) |  | 56 |  |  | 178 |  |  | 121 |
Total Identifiable assets(3) |  | $ | 12,123 |  |  | $ | 11,935 |  |  | $ | 13,440 |
____________
(1) | Prior year amounts have been reclassified to conform to the current year presentation of debt issuance costs required by ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” See Note 2 to the Consolidated Financial Statements for additional information.
(2) | In 2016, Corporate identifiable assets primarily consist of derivative instruments (24%) and investments in equity securities (68%). In 2015, Corporate identifiable assets primarily consist of derivative instruments (76%) and investments in equity securities (23%). In 2014, Corporate identifiable assets primarily consist of derivative instruments (72%) and investments in equity securities (25%).
(3) | Long-lived assets in the U.S., primarily property, plant and equipment and goodwill and other intangibles represented approximately one-third of total long-lived assets of $7,642, $7,420 and $8,086 in 2016, 2015 and 2014, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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