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Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Selected Financial Information Relating To Company's Segments

Segment net sales and income (loss) before income taxes are as follows:

	Consumer				Consumer
	Domestic				International				SPD				Corporate(3)				Total
Net Sales(1)
Third Quarter 2024	$	1,170.8			$	267.7			$	72.1			$	0.0			$	1,510.6
Third Quarter 2023		1,133.1				244.4				78.4				0.0				1,455.9
First Nine Months of 2024	$	3,506.6			$	786.4			$	232.1			$	0.0			$	4,525.1
First Nine Months of 2023		3,378.2				716.9				244.8				0.0				4,339.9
(Loss) Income before Income Taxes(2)
Third Quarter 2024(4)	$	(107.1	)		$	(4.7	)		$	7.4			$	3.0			$	(101.4	)
Third Quarter 2023		203.4				22.7				6.2				1.7				234.0
First Nine Months of 2024(4)	$	405.3			$	61.2			$	29.5			$	7.2			$	503.2
First Nine Months of 2023		662.8				79.1				22.2				8.1				772.2

(1)Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $7.0 and $4.7 for the three months ended September 30, 2024 and September 30, 2023, respectively, and were $19.6 and $11.7 for the nine months ended September 30, 2024 and September 30, 2023, respectively.

(2)In determining income (loss) before income taxes, interest expense, investment earnings and certain aspects of other income and expense were allocated among segments based upon each segment’s relative income (loss) from operations.

(3)The Corporate segment consists of equity in earnings of affiliates from Armand and ArmaKleen for the three and nine months ended September 30, 2024 and September 30, 2023. The Company's 50% interest in Armakleen was sold to an unrelated third party in October of 2024. The transaction is not material to the Company’s results of operations or cash flows.

(4)In the third quarter and first nine months of 2024, the results include the VMS non-cash intangible and PP&E impairment charges of $357.1 in SG&A expenses, of which $327.4 was recorded in the Consumer Domestic segment and $29.7 was recorded in the Consumer International segment.

Summary of Product Line Revenues From External Customers

Product line revenues from external customers are as follows:

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2024				2023				2024				2023
Household Products		$	637.4			$	636.2			$	1,929.5			$	1,857.0
Personal Care Products			533.4				496.9				1,577.1				1,521.2
Total Consumer Domestic			1,170.8				1,133.1				3,506.6				3,378.2
Total Consumer International			267.7				244.4				786.4				716.9
Total SPD			72.1				78.4				232.1				244.8
Total Consolidated Net Sales		$	1,510.6			$	1,455.9			$	4,525.1			$	4,339.9

X

- 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.

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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

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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