Segments (Tables)

12 Months Ended

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 following:

(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