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v3.25.3

Segments | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segments | 18. Segments Segment Information The Company operates three reportable segments: Consumer Domestic, Consumer International and Specialty Products Division. These segments are determined based on differences in the nature of products and organizational structure. Segment revenues are derived from the sale of the following products:
Segment |  |  | Products |
Consumer Domestic |  | Household and personal care products
Consumer International |  | Primarily personal care products
SPD |  | Specialty products
The Company also has equity in earnings of affiliates which is not reflected in a reportable segment. As of September 30, 2025, the Company held 50% ownership interests in Armand. The Company's 50% interest in ArmaKleen was sold to our joint venture partner in October of 2024. The Company’s equity in earnings of Armand and ArmaKleen, totaled $2.2 and $3.0 for the three months ended September 30, 2025 and 2024, respectively, and $6.6 and $7.2 for the nine months ended September 30, 2025 and 2024, respectively. Our reportable segments comprise the structure used by our Chief Executive Officer, who has been determined to be the Chief Operating Decision Maker ("CODM") to make key operating decisions and assess performance. The CODM considers Operating Income for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. Asset information and capital expenditures are not regularly provided to the CODM. The following tables pres ent financial information relating to the Company’s segments for the three months ended and nine months ended September 30, 2025 and 2024:
|  | Three Months Ended September 30, 2025 |
|  | Consumer Domestic |  |  | Consumer International |  |  | SPD |  |  | Consolidating Reclassification(1) |  |  | Total Consolidated |
Net Sales |  | $ | 1,219.7 |  |  | $ | 290.1 |  |  | $ | 75.8 |  |  |  | - |  |  | $ | 1,585.6 |
Cost of sales |  |  | 647.1 |  |  |  | 156.8 |  |  |  | 49.8 |  |  |  | 17.5 |  |  |  | 871.2 |
Gross Profit |  |  | 572.6 |  |  |  | 133.3 |  |  |  | 26.0 |  |  |  | (17.5 | ) |  |  | 714.4 |
Marketing expenses |  |  | 152.6 |  |  |  | 49.5 |  |  |  | 0.8 |  |  |  | - |  |  |  | 202.9 |
Research and Development(2) |  |  | 32.3 |  |  |  | 3.2 |  |  |  | 0.7 |  |  |  | - |  |  |  | 36.2 |
Selling, general and administrative expenses |  |  | 170.6 |  |  |  | 51.8 |  |  |  | 15.8 |  |  |  | (17.5 | ) |  |  | 220.7 |
Income from Operations |  |  | 217.1 |  |  |  | 28.8 |  |  |  | 8.7 |  |  |  | - |  |  |  | 254.6 |
|  | Three Months Ended September 30, 2024 |
|  | Consumer Domestic |  |  | Consumer International |  |  | SPD |  |  | Consolidating Reclassification(1) |  |  | Total Consolidated |
Net Sales |  | $ | 1,170.8 |  |  | $ | 267.7 |  |  | $ | 72.1 |  |  |  | - |  |  | $ | 1,510.6 |
Cost of sales |  |  | 614.0 |  |  |  | 151.6 |  |  |  | 46.2 |  |  |  | 15.7 |  |  |  | 827.5 |
Gross Profit |  |  | 556.8 |  |  |  | 116.1 |  |  |  | 25.9 |  |  |  | (15.7 | ) |  |  | 683.1 |
Marketing expenses |  |  | 146.0 |  |  |  | 39.1 |  |  |  | 0.7 |  |  |  | - |  |  |  | 185.8 |
Research and Development(2) |  |  | 32.3 |  |  |  | 2.9 |  |  |  | 0.8 |  |  |  | - |  |  |  | 36.0 |
Selling, general and administrative expenses |  |  | 148.6 |  |  |  | 47.4 |  |  |  | 15.4 |  |  |  | (15.7 | ) |  |  | 195.7 |
VMS Trade name and other asset impairments |  |  | 327.4 |  |  |  | 29.7 |  |  |  | - |  |  |  | - |  |  |  | 357.1 |
(Loss) Income from Operations |  |  | (97.5 | ) |  |  | (3.0 | ) |  |  | 9.0 |  |  |  | - |  |  |  | (91.5 | )
|  | Nine Months Ended September 30, 2025 |
|  | Consumer Domestic |  |  | Consumer International |  |  | SPD |  |  | Consolidating Reclassification(1) |  |  | Total Consolidated |
Net Sales |  | $ | 3,503.6 |  |  | $ | 829.6 |  |  | $ | 225.8 |  |  |  | - |  |  | $ | 4,559.0 |
Cost of sales(3) |  |  | 1,885.0 |  |  |  | 460.4 |  |  |  | 142.5 |  |  |  | 50.1 |  |  |  | 2,538.0 |
Gross Profit |  |  | 1,618.6 |  |  |  | 369.2 |  |  |  | 83.3 |  |  |  | (50.1 | ) |  |  | 2,021.0 |
Marketing expenses |  |  | 378.4 |  |  |  | 115.7 |  |  |  | 2.5 |  |  |  | - |  |  |  | 496.6 |
Research and Development(2) |  |  | 93.3 |  |  |  | 9.4 |  |  |  | 2.1 |  |  |  | - |  |  |  | 104.8 |
Selling, general and administrative expenses(4) |  |  | 467.8 |  |  |  | 145.0 |  |  |  | 45.3 |  |  |  | (50.1 | ) |  |  | 608.0 |
Income from Operations |  |  | 679.1 |  |  |  | 99.1 |  |  |  | 33.4 |  |  |  | - |  |  |  | 811.6 |
|  | Nine Months Ended September 30, 2024 |
|  | Consumer Domestic |  |  | Consumer International |  |  | SPD |  |  | Consolidating Reclassification(1) |  |  | Total Consolidated |
Net Sales |  | $ | 3,506.6 |  |  | $ | 786.4 |  |  | $ | 232.1 |  |  |  | - |  |  | $ | 4,525.1 |
Cost of sales |  |  | 1,802.1 |  |  |  | 444.6 |  |  |  | 147.0 |  |  |  | 49.2 |  |  |  | 2,442.9 |
Gross Profit |  |  | 1,704.5 |  |  |  | 341.8 |  |  |  | 85.1 |  |  |  | (49.2 | ) |  |  | 2,082.2 |
Marketing expenses |  |  | 385.5 |  |  |  | 102.9 |  |  |  | 1.8 |  |  |  | - |  |  |  | 490.2 |
Research and Development(2) |  |  | 87.5 |  |  |  | 9.1 |  |  |  | 2.5 |  |  |  | - |  |  |  | 99.1 |
Selling, general and administrative expenses |  |  | 454.2 |  |  |  | 132.3 |  |  |  | 48.1 |  |  |  | (49.2 | ) |  |  | 585.4 |
VMS Trade name and other asset impairments |  |  | 327.4 |  |  |  | 29.7 |  |  |  | - |  |  |  | - |  |  |  | 357.1 |
Income from Operations |  |  | 449.9 |  |  |  | 67.8 |  |  |  | 32.7 |  |  |  | - |  |  |  | 550.4 |
(1) 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. (2) All costs for Research & Development administration, global compliance, technology support, packaging and sustainability are reported in the Consumer Domestic segment. (3) In the first nine months of 202 5, the results include $30.4 of non-cash charges related to impairments of fixed assets, as well as inventory reserves primarily recorded in Consumer Domestic as a result of announcing that we are exiting the Flawless, Spinbrush and Waterpik showerhead businesses. (4) In the first nine months of 2025, the results include $20.6 of non-cash charges related to impairments of intangible assets, primarily recorded in Consumer Domestic as a result of announcing that we are exiting the Flawless, Spinbrush and Waterpik showerhead businesses. Other segment expenses for the three months ended and nine months ended September 30, 2025 and 2024 include the following
|  | Consumer Domestic |  |  | Consumer International |  |  | SPD |  |  | Total Consolidated |
Depreciation & Amortization |  |  |  |  |  |  |  |  |  |  |  |
Third Quarter 2025 |  | $ | 54.9 |  |  | $ | 6.3 |  |  | $ | 2.9 |  |  | $ | 64.1 |
Third Quarter 2024 |  |  | 51.2 |  |  |  | 6.7 |  |  |  | 2.3 |  |  |  | 60.2 |
First Nine Months of 2025 |  | $ | 153.4 |  |  | $ | 19.5 |  |  | $ | 8.7 |  |  | $ | 181.6 |
First Nine Months of 2024 |  |  | 150.1 |  |  |  | 19.8 |  |  |  | 7.5 |  |  |  | 177.4 |
Product line revenues from external customers are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |  |  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Household Products |  | $ | 646.7 |  |  | $ | 637.4 |  |  | $ | 1,911.6 |  |  | $ | 1,929.5 |
Personal Care Products |  |  | 573.0 |  |  |  | 533.4 |  |  |  | 1,592.0 |  |  |  | 1,577.1 |
Total Consumer Domestic |  |  | 1,219.7 |  |  |  | 1,170.8 |  |  |  | 3,503.6 |  |  |  | 3,506.6 |
Total Consumer International |  |  | 290.1 |  |  |  | 267.7 |  |  |  | 829.6 |  |  |  | 786.4 |
Total SPD |  |  | 75.8 |  |  |  | 72.1 |  |  |  | 225.8 |  |  |  | 232.1 |
Total Consolidated Net Sales |  | $ | 1,585.6 |  |  | $ | 1,510.6 |  |  | $ | 4,559.0 |  |  | $ | 4,525.1 |
Household Products include laundry, deodorizing and cleaning products. Personal Care Products include condoms, pregnancy kits, oral care products, skin care and hair care products, cold and remedy products, and gummy dietary supplements.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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