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Segment Information | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. 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. 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 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. 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 charges 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. Net sales by segment were as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net sales |  |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |
North America | $ | 869 |  |  | $ | 858 |  |  | $ | 2,568 |  |  | $ | 2,509 |
Latin America | 881 |  |  | 856 |  |  | 2,700 |  |  | 2,718 |
Europe | 607 |  |  | 640 |  |  | 1,798 |  |  | 1,908 |
Asia Pacific | 690 |  |  | 673 |  |  | 2,035 |  |  | 2,106 |
Africa/Eurasia | 248 |  |  | 236 |  |  | 732 |  |  | 734 |
Total Oral, Personal and Home Care | 3,295 |  |  | 3,263 |  |  | 9,833 |  |  | 9,975 |
Pet Nutrition | 633 |  |  | 582 |  |  | 1,845 |  |  | 1,758 |
Total Net sales | $ | 3,928 |  |  | $ | 3,845 |  |  | $ | 11,678 |  |  | $ | 11,733 |
Approximately 70% 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). The Company’s Net sales of Oral, Personal and Home Care and Pet Nutrition products accounted for the following percentages of the Company’s Net sales:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net sales |  |  |  |  |  |  |
Oral Care | 46 | % |  | 47 | % |  | 46 | % |  | 47 | %
Personal Care | 20 | % |  | 20 | % |  | 20 | % |  | 20 | %
Home Care | 18 | % |  | 18 | % |  | 18 | % |  | 18 | %
Pet Nutrition | 16 | % |  | 15 | % |  | 16 | % |  | 15 | %
Total Net sales | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Operating profit by segment was as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Operating profit |  |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |
North America | $ | 248 |  |  | $ | 259 |  |  | $ | 750 |  |  | $ | 780 |
Latin America | 235 |  |  | 222 |  |  | 718 |  |  | 757 |
Europe | 153 |  |  | 162 |  |  | 452 |  |  | 480 |
Asia Pacific | 193 |  |  | 191 |  |  | 557 |  |  | 620 |
Africa/Eurasia | 48 |  |  | 41 |  |  | 141 |  |  | 133 |
Total Oral, Personal and Home Care | 877 |  |  | 875 |  |  | 2,618 |  |  | 2,770 |
Pet Nutrition | 169 |  |  | 163 |  |  | 501 |  |  | 492 |
Corporate | (190 | ) |  | (164 | ) |  | (496 | ) |  | (459 | )
Total Operating profit | $ | 856 |  |  | $ | 874 |  |  | $ | 2,623 |  |  | $ | 2,803 |
For the three and nine months ended September 30, 2019, Corporate Operating profit (loss) included charges of $26 and $94, respectively, resulting from the Global Growth and Efficiency Program, and costs of $18 in each period related to acquisitions. For the three and nine months ended September 30, 2018, Corporate Operating profit (loss) included charges of $25 and $107, respectively, resulting from the Global Growth and Efficiency Program. For further information regarding the Global Growth and Efficiency Program, refer to Note 5, Restructuring and Related Implementation Charges.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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