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Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Selected Financial Information Relating To Company's Segments | The following table presents selected financial information relating to the Company’s segments for each of the three years in the period ended December 31, 2023:
|  | Consumer |  |  | Consumer |  |  |  |  |  |  |  |  |  |
|  | Domestic |  |  | International |  |  | SPD |  |  | Corporate(1) |  |  | As Reported |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 4,571.2 |  |  | $ | 975.7 |  |  | $ | 321.0 |  |  | $ | 0.0 |  |  | $ | 5,867.9 |
2022 |  |  | 4,131.0 |  |  |  | 896.1 |  |  |  | 348.5 |  |  |  | 0.0 |  |  |  | 5,375.6 |
2021 |  |  | 3,941.9 |  |  |  | 912.2 |  |  |  | 336.0 |  |  |  | 0.0 |  |  |  | 5,190.1 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 2,137.2 |  |  |  | 407.0 |  |  |  | 104.7 |  |  |  | (60.4 | ) |  |  | 2,588.5 |
2022 |  |  | 1,794.1 |  |  |  | 372.4 |  |  |  | 117.8 |  |  |  | (34.3 | ) |  |  | 2,250.0 |
2021 |  |  | 1,795.8 |  |  |  | 402.1 |  |  |  | 112.7 |  |  |  | (47.1 | ) |  |  | 2,263.5 |
Marketing Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 509.5 |  |  |  | 127.7 |  |  |  | 4.1 |  |  |  | 0.0 |  |  |  | 641.3 |
2022 |  |  | 412.9 |  |  |  | 117.7 |  |  |  | 4.6 |  |  |  | 0.0 |  |  |  | 535.2 |
2021 |  |  | 442.1 |  |  |  | 131.1 |  |  |  | 4.5 |  |  |  | 0.0 |  |  |  | 577.7 |
Selling, General and Administrative Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 698.0 |  |  |  | 175.1 |  |  |  | 77.1 |  |  |  | (60.4 | ) |  |  | 889.8 |
2022 |  |  | 882.1 |  |  |  | 208.5 |  |  |  | 60.7 |  |  |  | (34.3 | ) |  |  | 1,117.0 |
2021 |  |  | 445.3 |  |  |  | 135.7 |  |  |  | 72.8 |  |  |  | (47.1 | ) |  |  | 606.7 |
Income from Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 929.7 |  |  |  | 104.2 |  |  |  | 23.5 |  |  |  | 0.0 |  |  |  | 1,057.4 |
2022 |  |  | 499.1 |  |  |  | 46.2 |  |  |  | 52.5 |  |  |  | 0.0 |  |  |  | 597.8 |
2021 |  |  | 908.4 |  |  |  | 135.3 |  |  |  | 35.4 |  |  |  | 0.0 |  |  |  | 1,079.1 |
Equity in Earnings of Affiliates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 8.7 |  |  |  | 8.7 |
2022 |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 12.3 |  |  |  | 12.3 |
2021 |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 9.4 |  |  |  | 9.4 |
Income Before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 842.7 |  |  |  | 94.8 |  |  |  | 21.2 |  |  |  | 8.7 |  |  |  | 967.4 |
2022 |  |  | 427.3 |  |  |  | 38.8 |  |  |  | 44.9 |  |  |  | 12.3 |  |  |  | 523.3 |
2021 |  |  | 861.4 |  |  |  | 127.3 |  |  |  | 33.6 |  |  |  | 9.4 |  |  |  | 1,031.7 |
Identifiable Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 7,011.4 |  |  |  | 1,106.1 |  |  |  | 326.8 |  |  |  | 124.9 |  |  |  | 8,569.2 |
2022 |  |  | 6,846.9 |  |  |  | 1,060.5 |  |  |  | 332.9 |  |  |  | 105.3 |  |  |  | 8,345.6 |
2021 |  |  | 6,354.5 |  |  |  | 1,192.9 |  |  |  | 332.7 |  |  |  | 116.4 |  |  |  | 7,996.5 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 190.0 |  |  |  | 20.4 |  |  |  | 13.1 |  |  |  | 0.0 |  |  |  | 223.5 |
2022 |  |  | 159.1 |  |  |  | 10.0 |  |  |  | 9.7 |  |  |  | 0.0 |  |  |  | 178.8 |
2021 |  |  | 100.3 |  |  |  | 8.4 |  |  |  | 10.1 |  |  |  | 0.0 |  |  |  | 118.8 |
Depreciation & Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | 182.7 |  |  |  | 27.7 |  |  |  | 13.6 |  |  |  | 1.2 |  |  |  | 225.2 |
2022 |  |  | 172.1 |  |  |  | 30.1 |  |  |  | 13.8 |  |  |  | 3.0 |  |  |  | 219.0 |
2021 |  |  | 170.0 |  |  |  | 31.1 |  |  |  | 15.4 |  |  |  | 2.6 |  |  |  | 219.1 |
(1) Corporate reflects the follo wing: (A) The administrative costs of the production planning and logistics functions which are elements of Cost of Sales in the Company’s Consolidated Statements of Income but are allocated to the operating segments in Selling, General and Administrative expenses to determine operating segment income before income taxes. Such amounts were $60.4, $34.3, and $47.1 for 2023, 2022 and 2021, respectively. The increase in 2023 compared to 2022 is primarily due to higher incentive compensation costs. (B) Equity in earnings (loss) of affiliates from Armand and ArmaKleen for the year ended December 31, 2023, 2022 and 2021. (C) Corporate assets include deferred compensation investments and the Company's investment in unconsolidated affiliates.
Product Line Revenues From External Customers | Product line revenues from external customers for each of the three years ended December 31, 2023, 2022 and 2021 were as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Household Products |  | $ | 2,484.1 |  |  | $ | 2,272.0 |  |  | $ | 2,103.0 |
Personal Care Products |  |  | 2,087.1 |  |  |  | 1,859.0 |  |  |  | 1,838.9 |
Total Consumer Domestic |  |  | 4,571.2 |  |  |  | 4,131.0 |  |  |  | 3,941.9 |
Total Consumer International |  |  | 975.7 |  |  |  | 896.1 |  |  |  | 912.2 |
Total SPD |  |  | 321.0 |  |  |  | 348.5 |  |  |  | 336.0 |
Total Consolidated Net Sales |  | $ | 5,867.9 |  |  | $ | 5,375.6 |  |  | $ | 5,190.1 |

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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