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Segments (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Selected Financial Information Relating To Company's Segments

The following tables present financial information relating to the Company’s segments for each of the three years in the period ended December 31, 2024:

 

 

Year Ended December 31, 2024

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Corporate(1)

 

 

Total Consolidated

 

Net Sales

 

$

4,732.3

 

 

$

1,071.5

 

 

$

303.3

 

 

 

-

 

 

$

6,107.1

 

Cost of sales

 

 

2,450.1

 

 

 

605.5

 

 

 

193.5

 

 

 

67.9

 

 

 

3,317.0

 

Gross Profit

 

 

2,282.2

 

 

 

466.0

 

 

 

109.8

 

 

 

(67.9

)

 

 

2,790.1

 

Marketing expenses

 

 

538.5

 

 

 

156.9

 

 

 

2.7

 

 

 

-

 

 

 

698.1

 

Research and Development(2)

 

 

123.7

 

 

 

12.7

 

 

 

3.3

 

 

 

-

 

 

 

139.7

 

Selling, general and administrative expenses

 

 

607.7

 

 

 

183.6

 

 

 

64.7

 

 

 

(67.9

)

 

 

788.1

 

VMS Trade name and other asset impairments

 

 

327.4

 

 

 

29.7

 

 

 

-

 

 

 

-

 

 

 

357.1

 

Income from Operations

 

 

684.9

 

 

 

83.1

 

 

 

39.1

 

 

 

-

 

 

 

807.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2023

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Corporate(1)

 

 

Total Consolidated

 

Net Sales

 

$

4,571.2

 

 

$

975.7

 

 

$

321.0

 

 

$

-

 

 

$

5,867.9

 

Cost of sales

 

 

2,434.0

 

 

 

568.7

 

 

 

216.3

 

 

 

60.4

 

 

 

3,279.4

 

Gross Profit

 

 

2,137.2

 

 

 

407.0

 

 

 

104.7

 

 

 

(60.4

)

 

 

2,588.5

 

Marketing expenses

 

 

509.5

 

 

 

127.7

 

 

 

4.1

 

 

 

-

 

 

 

641.3

 

Research and Development(2)

 

 

107.1

 

 

 

11.1

 

 

 

4.2

 

 

 

-

 

 

 

122.4

 

Selling, general and administrative expenses

 

 

590.9

 

 

 

164.0

 

 

 

72.9

 

 

 

(60.4

)

 

 

767.4

 

Income from Operations

 

 

929.7

 

 

 

104.2

 

 

 

23.5

 

 

 

-

 

 

 

1,057.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Corporate(1)

 

 

Total Consolidated

 

Net Sales

 

$

4,131.0

 

 

$

896.1

 

 

$

348.5

 

 

 

-

 

 

$

5,375.6

 

Cost of sales

 

 

2,336.9

 

 

 

523.7

 

 

 

230.7

 

 

 

34.3

 

 

 

3,125.6

 

Gross Profit

 

 

1,794.1

 

 

 

372.4

 

 

 

117.8

 

 

 

(34.3

)

 

 

2,250.0

 

Marketing expenses

 

 

412.9

 

 

 

117.7

 

 

 

4.6

 

 

 

-

 

 

 

535.2

 

Research and Development(2)

 

 

96.2

 

 

 

10.0

 

 

 

3.8

 

 

 

-

 

 

 

110.0

 

Selling, general and administrative expenses

 

 

436.6

 

 

 

136.8

 

 

 

56.9

 

 

 

(34.3

)

 

 

596.0

 

Flawless Trade name and other asset impairments

 

 

349.3

 

 

 

61.7

 

 

 

-

 

 

 

-

 

 

 

411.0

 

Income from Operations

 

 

499.1

 

 

 

46.2

 

 

 

52.5

 

 

 

-

 

 

 

597.8

 

 

(1)
Corporate reflects 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. The increase in 2023 compared to 2022 is primarily due to higher incentive compensation costs.
(2)
All costs for Research & Development administration, global compliance, technology support, packaging and sustainability are reported in the Consumer Domestic segment.
Schedule of Other Segment Expenses

Other segment expenses for each of the three years in the period ended December 31, 2024 include the following:

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Corporate

 

 

Total Consolidated

 

Depreciation & Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

$

198.7

 

 

$

29.1

 

 

$

10.2

 

 

$

1.1

 

 

$

239.1

 

2023

 

 

182.7

 

 

 

27.7

 

 

 

13.6

 

 

 

1.2

 

 

 

225.2

 

2022

 

 

172.1

 

 

 

30.1

 

 

 

13.8

 

 

 

3.0

 

 

 

219.0

 

Product Line Revenues From External Customers

Product line revenues from external customers for each of the three years ended December 31, 2024, 2023 and 2022 were as follows:

 

 

 

2024

 

 

2023

 

 

2022

 

Household Products

 

$

2,584.3

 

 

$

2,484.1

 

 

$

2,272.0

 

Personal Care Products

 

 

2,148.0

 

 

 

2,087.1

 

 

 

1,859.0

 

Total Consumer Domestic

 

 

4,732.3

 

 

 

4,571.2

 

 

 

4,131.0

 

Total Consumer International

 

 

1,071.5

 

 

 

975.7

 

 

 

896.1

 

Total SPD

 

 

303.3

 

 

 

321.0

 

 

 

348.5

 

Total Consolidated Net Sales

 

$

6,107.1

 

 

$

5,867.9

 

 

$

5,375.6