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Segment Information | 12 Months Ended
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Dec. 31, 2024
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. In connection with management changes, the Company realigned the reporting structure of its skin health business effective July 1, 2024. Accordingly, commencing with the quarter ended September 30, 2024, the results of the skin health business previously reported within the Europe reportable operating segment are reported with the other skin health businesses in the North America reportable operating segment, with no impact on the Company's consolidated results of operations or financial position. The Company has recast its historical geographic segment information to conform to the new reporting structure. 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 Chairman of the Board, President and Chief Executive Officer has been determined to be the Company’s Chief Operating Decision Maker who uses Operating Profit to assess performance and to allocate resources for each of the reportable operating segments in the budgeting and forecasting process. Asset information by segment is not utilized for purposes of assessing performance or allocating resources, and therefore such information has not been presented. 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 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. Approximately two-thirds 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). Oral, Personal and Home Care sales to Walmart, Inc. and its affiliates represent approximately 11% of the Company’s Net sales in each of the years 2024, 2023 and 2022. No other customer represented more than 10% of Net sales in any period presented. In 2024, Corporate Operating profit included charges resulting from the 2022 Global Productivity Initiative of $85. In 2023, Corporate Operating profit included charges resulting from the 2022 Global Productivity Initiative of $27 and product recall costs of $25. In 2022, Corporate Operating profit included goodwill and intangible assets impairment charges of $721, charges resulting from the 2022 Global Productivity Initiative of $95, a gain on the sale of land in Asia Pacific of $47 and acquisition-related costs of $19.
| 2024
| Net sales | Cost of Sales | Selling, general and administrative expenses | Other (income) expense, net (3) | Operating Profit
Reportable Segments |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |
North America(1) | $ | 4,113 |  | $ | 1,571 |  | $ | 1,668 |  | $ | 36 |  | $ | 839 |
Latin America | 4,782 |  | 1,933 |  | 1,328 |  | (5) |  | 1,526 |
Europe | 2,770 |  | 1,050 |  | 1,031 |  | 31 |  | 658 |
Asia Pacific | 2,858 |  | 1,078 |  | 997 |  | (30) |  | 812 |
Africa/Eurasia | 1,095 |  | 432 |  | 395 |  | 16 |  | 253 |
Total Oral, Personal and Home Care | 15,618 |  |  |  |  | 4,088 |
Pet Nutrition(2) | 4,483 |  | 1,869 |  | 1,641 |  | 8 |  | 965 |
Reconciliation with Total Company Operating Profit |  |  |  |  |
Corporate |  |  |  |  | (784) |
Total | $ | 20,101 |  |  |  |  | $ | 4,268 |
Note: Table may not sum due to rounding. (1) Net sales in the U.S. for Oral, Personal and Home Care were $3,640 in 2024. (2) Net sales in the U.S. for Pet Nutrition were $3,059 in 2024. (3) Refer to Note 16, Supplemental Income Statement for information related to Other (income) expense, net.
| 2023
| Net sales | Cost of Sales | Selling, general and administrative expenses | Other (income) expense, net (3) | Operating Profit
Reportable Segments |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |
North America(1) | $ | 4,091 |  | $ | 1,588 |  | $ | 1,594 |  | $ | 37 |  | $ | 871 |
Latin America | 4,640 |  | 1,977 |  | 1,241 |  | 5 | 1,417 |
Europe | 2,571 |  | 1,069 |  | 899 |  | 31 |  | 573 |
Asia Pacific | 2,782 |  | 1,108 |  | 925 |  | (18) |  | 767 |
Africa/Eurasia | 1,083 |  | 442 |  | 377 |  | 9 |  | 254 |
Total Oral, Personal and Home Care | 15,167 |  |  |  |  | 3,882 |
Pet Nutrition(2) | 4,290 |  | 1,964 |  | 1,493 |  | 26 | 806 |
Reconciliation with Total Company Operating Profit |  |  |  |  |
Corporate |  |  |  |  | $ | (704) |
Total | $ | 19,457 |  |  |  |  | $ | 3,984 |
Note: Table may not sum due to rounding. (1) Net sales in the U.S. for Oral, Personal and Home Care were $3,625 in 2023. (2) Net sales in the U.S. for Pet Nutrition were $2,918 in 2023. (3) Refer to Note 16, Supplemental Income Statement for information related to Other (income) expense, net.
| 2022
| Net sales | Cost of Sales | Selling, general and administrative expenses | Other (income) expense, net (3) | Operating Profit
Reportable Segments |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |
North America(1) | $ | 4,002 |  | $ | 1,649 |  | $ | 1,567 |  | $ | 46 |  | $ | 741 |
Latin America | 3,982 |  | 1,885 |  | 1,059 |  | (71) |  | 1,108 |
Europe | 2,362 |  | 1,023 |  | 778 |  | 28 |  | 534 |
Asia Pacific | 2,826 |  | 1,160 |  | 954 |  | (24) |  | 737 |
Africa/Eurasia | 1,082 |  | 447 |  | 389 |  | 18 |  | 228 |
Total Oral, Personal and Home Care | 14,254 |  |  |  |  | 3,348 |
Pet Nutrition(2) | 3,713 |  | 1,569 |  | 1,287 |  | 7 | 850 |
Reconciliation with Total Company Operating Profit |  |  |  |  |
Corporate |  |  |  |  | $ | (1,305) |
Total | $ | 17,967 |  |  |  |  | $ | 2,893 |
Note: Table may not sum due to rounding. (1) Net sales in the U.S. for Oral, Personal and Home Care were $3,511 in 2022. (2) Net sales in the U.S. for Pet Nutrition were $2,432 in 2022 (3) Refer to Note 16, Supplemental Income Statement for information related to Other (income) expense, net.
|  | 2024 |  | 2023 |  | 2022
Capital expenditures |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |
North America |  | $ | 52 |  |  | $ | 46 |  |  | $ | 66 |
Latin America |  | 126 |  |  | 146 |  |  | 121 |
Europe |  | 63 |  |  | 44 |  |  | 31 |
Asia Pacific |  | 64 |  |  | 65 |  |  | 60 |
Africa/Eurasia |  | 12 |  |  | 10 |  |  | 30 |
Total Oral, Personal and Home Care |  | 317 |  |  | 311 |  |  | 308 |
Pet Nutrition |  | 143 |  |  | 301 |  |  | 297 |
Corporate |  | 101 |  |  | 93 |  |  | 91 |
Total Capital expenditures |  | $ | 561 |  |  | $ | 705 |  |  | $ | 696 |
|  | 2024 |  | 2023 |  | 2022 |
Depreciation and amortization |  |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |
North America |  | $ | 124 |  |  | $ | 116 |  |  | $ | 128 |  |
Latin America |  | 100 |  |  | 98 |  |  | 93 |  |
Europe |  | 65 |  |  | 65 |  |  | 68 |  |
Asia Pacific |  | 81 |  |  | 84 |  |  | 89 |  |
Africa/Eurasia |  | 8 |  |  | 9 |  |  | 9 |  |
Total Oral, Personal and Home Care |  | 378 |  |  | 372 |  |  | 387 |  |
Pet Nutrition |  | 132 |  |  | 101 |  |  | 65 |  |
Corporate |  | 95 |  |  | 94 |  |  | 93 |  |
Total Depreciation and amortization |  | $ | 605 |  |  | $ | 567 |  |  | $ | 545 |  |
|  | 2024 |  | 2023 |  |
Long-lived assets(1) |  |  |  |  |  |
United States |  | $ | 2,728 |  |  | $ | 2,733 |  |  |
International |  | 2,223 |  |  | 2,340 |  |  |
Total Long-lived assets |  | $ | 4,951 |  |  | $ | 5,073 |  |  |
(1) Long-lived assets include Property, plant and equipment, net and lease right-of-use assets.

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