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Segments (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Selected Financial Information Relating To Company's Segments

The following tables present 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 2025, 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.
Schedule of Other Segment Expenses

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

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