19.

Segments

Segment Information

The Company operates three reportable segments: Consumer Domestic, Consumer International and SPD. These segments are determined based on differences in the nature of products and organizational and ownership structures. The Company also has a Corporate segment.

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 chemical products

The Corporate segment income consists of equity in earnings (losses) of affiliates. As of June 30, 2015, the Company held 50% ownership interests in each of Armand and ArmaKleen, respectively, and a one-third ownership interest in Natronx. The Company’s equity in earnings (losses) of Armand, ArmaKleen and Natronx for the three and six months ended June 30, 2015 and June 30, 2014, respectively, are included in the Corporate segment. See Note 17 for a discussion of the impairment charge which is included in the Corporate segment.

Some of the subsidiaries that are included in the Consumer International segment manufacture and sell personal care products to the Consumer Domestic segment. These sales are eliminated from the Consumer International segment results set forth in the table below.

Segment Net Sales and Income before Income Taxes for the three and six months ended June 30, 2015 and June 30, 2014, respectively, are as follows:

	Consumer		Consumer
	Domestic		International		SPD		Corporate⁽³⁾			Total
Net Sales⁽¹⁾
Second Quarter 2015	$	638.3	$	130.9	$	77.9	$	0.0		$	847.1
Second Quarter 2014		598.9		136.6		72.8		0.0			808.3
First Six Months of 2015	$	1,252.9	$	251.3	$	155.2	$	0.0		$	1,659.4
First Six Months of 2014		1,192.2		260.4		137.7		0.0			1,590.3

Income before Income Taxes⁽²⁾
Second Quarter 2015	$	112.6	$	4.5	$	16.1	$	(13.7	)	$	119.5
Second Quarter 2014		107.7		14.3		10.1		2.9			135.0
First Six Months of 2015	$	242.2	$	23.9	$	30.1	$	(11.4	)	$	284.8
First Six Months of 2014		234.6		32.5		20.1		4.5			291.7

⁽¹⁾	Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $1.7 and $0.3 for the quarters ended June 30, 2015 and June 30, 2014, respectively, and were $3.0 and $0.5 for the six months ended June 30, 2015 and June 30, 2014, respectively.

⁽²⁾	In determining Income before Income Taxes, interest expense and investment earnings were allocated among segments based upon each segment’s relative operating profit.

⁽³⁾	Corporate consists of equity in earnings (losses) of affiliates from Armand, ArmaKleen and Natronx.

Product line revenues from external customers are as follows:

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2015		2014		2015		2014
Household Products	$	390.9	$	355.2	$	757.4	$	707.7
Personal Care Products		247.4		243.7		495.5		484.5
Total Consumer Domestic		638.3		598.9		1,252.9		1,192.2
Total Consumer International		130.9		136.6		251.3		260.4
Total SPD		77.9		72.8		155.2		137.7
Total Consolidated Net Sales	$	847.1	$	808.3	$	1,659.4	$	1,590.3

Household Products include laundry, deodorizing, and cleaning products. Personal Care Products include condoms, pregnancy kits, oral care products, skin care products and gummy dietary supplements.