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Segment Information
 9 Months Ended
Sep. 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 EndedNine Months Ended
 September 30,September 30,
 2021202020212020
Net sales  
Oral, Personal and Home Care  
North America$931 $923 $2,765 $2,801 
Latin America931 837 2,745 2,531 
Europe718 712 2,144 2,004 
Asia Pacific731 722 2,142 1,980 
Africa/Eurasia258 255 796 736 
Total Oral, Personal and Home Care3,569 3,449 10,592 10,052 
Pet Nutrition845 704 2,426 2,095 
Total Net sales$4,414 $4,153 $13,018 $12,147 
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 EndedNine Months Ended
 September 30,September 30,
 2021202020212020
Net sales
Oral Care44 %44 %44 %43 %
Personal Care20 %21 %20 %21 %
Home Care18 %18 %17 %19 %
Pet Nutrition18 %17 %19 %17 %
Total Net sales100 %100 %100 %100 %
Operating profit by segment was as follows:
Three Months EndedNine Months Ended
 September 30,September 30,
 2021202020212020
Operating profit  
Oral, Personal and Home Care  
North America$183 $242 $585 $753 
Latin America248 250 774 728 
Europe178 169 524 482 
Asia Pacific215 222 639 559 
Africa/Eurasia44 61 153 174 
Total Oral, Personal and Home Care868 944 2,675 2,696 
Pet Nutrition233 196 661 588 
Corporate(134)(122)(369)(368)
Total Operating profit$967 $1,018 $2,967 $2,916 
Corporate Operating profit (loss) for the nine months ended September 30, 2021 included a benefit related to a value-added tax matter in Brazil of $26. Corporate Operating profit (loss) for the nine months ended September 30, 2020 included charges for acquisition-related costs of $6.