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Segment Information
 6 Months Ended
Jun. 30, 2021
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, 2020. Intercompany sales have been eliminated. Corporate operations include costs related to stock options and restricted stock units, research and development costs, Corporate overhead 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.

Net sales by segment were as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
 2021202020212020
Net sales  
Oral, Personal and Home Care  
North America$912 $949 $1,835 $1,878 
Latin America907 805 1,814 1,694 
Europe709 617 1,426 1,292 
Asia Pacific673 625 1,412 1,258 
Africa/Eurasia265 229 537 481 
Total Oral, Personal and Home Care3,466 3,225 7,024 6,603 
Pet Nutrition794 672 1,580 1,391 
Total Net sales$4,260 $3,897 $8,604 $7,994 
Approximately 70% of the Company’s Net sales are generated from markets outside the U.S., with approximately 45% 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 EndedSix Months Ended
 June 30,June 30,
 2021202020212020
Net sales
Oral Care43 %41 %44 %43 %
Personal Care20 %22 %20 %21 %
Home Care18 %20 %18 %19 %
Pet Nutrition19 %17 %18 %17 %
Total Net sales100 %100 %100 %100 %
Operating profit by segment was as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
 2021202020212020
Operating profit  
Oral, Personal and Home Care  
North America$200 $254 $402 $512 
Latin America254 229 526 478 
Europe166 158 346 312 
Asia Pacific200 176 424 337 
Africa/Eurasia55 56 109 112 
Total Oral, Personal and Home Care875 873 1,807 1,751 
Pet Nutrition212 191 427 393 
Corporate(91)(118)(234)(246)
Total Operating profit$996 $946 $2,000 $1,898 
Corporate Operating profit (loss) for the three and six months ended June 30, 2021 included a benefit related to a value-added tax matter in Brazil of $26. Corporate Operating profit (loss) for the three and six months ended June 30, 2020 included charges for acquisition-related costs of $0 and $6, respectively.