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Segments
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segments

17.

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, 2016, 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 and ArmaKleen for the three and six months ended June 30, 2016 and Armand, ArmaKleen and Natronx for the three and six months ended June 30, 2015, respectively, are 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, 2016 and June 30, 2015 respectively, are as follows:

 

 

Consumer

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

International

 

 

SPD

 

 

Corporate(3)

 

 

Total

 

Net Sales(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2016

$

669.8

 

 

$

136.4

 

 

$

71.2

 

 

$

0.0

 

 

$

877.4

 

Second Quarter 2015

 

638.3

 

 

 

130.9

 

 

 

77.9

 

 

 

0.0

 

 

 

847.1

 

First Six Months of 2016

$

1,317.6

 

 

$

263.8

 

 

$

145.0

 

 

$

0.0

 

 

$

1,726.4

 

First Six Months of 2015

 

1,252.9

 

 

 

251.3

 

 

 

155.2

 

 

 

0.0

 

 

 

1,659.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before Income Taxes(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2016

$

141.6

 

 

$

16.2

 

 

$

10.7

 

 

$

2.5

 

 

$

171.0

 

Second Quarter 2015

 

112.6

 

 

 

4.5

 

 

 

16.1

 

 

 

(13.7

)

 

 

119.5

 

First Six Months of 2016

$

281.5

 

 

$

34.3

 

 

$

24.0

 

 

$

4.2

 

 

$

344.0

 

First Six Months of 2015

 

242.2

 

 

 

23.9

 

 

 

30.1

 

 

 

(11.4

)

 

 

284.8

 

 

(1)

Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $1.0 and $1.7 for the three months ended June 30, 2016 and June 30, 2015, respectively, and were $2.0 and $3.0 for the six months ended June 30, 2016 and June 30, 2015, respectively.

(2)

In determining Income before Income Taxes, interest expense and investment earnings were allocated among segments based upon each segment’s relative Income from Operations.

(3)

Corporate consists of equity in earnings of affiliates from Armand and ArmaKleen in the first six months of 2016, and Armand, ArmaKleen and Natronx in the first six months of 2015.

Product line revenues from external customers are as follows:  

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Household Products

$

397.8

 

 

$

390.9

 

 

$

786.1

 

 

$

757.4

 

Personal Care Products

 

272.0

 

 

 

247.4

 

 

 

531.5

 

 

 

495.5

 

Total Consumer Domestic

 

669.8

 

 

 

638.3

 

 

 

1,317.6

 

 

 

1,252.9

 

Total Consumer International

 

136.4

 

 

 

130.9

 

 

 

263.8

 

 

 

251.3

 

Total SPD

 

71.2

 

 

 

77.9

 

 

 

145.0

 

 

 

155.2

 

Total Consolidated Net Sales

$

877.4

 

 

$

847.1

 

 

$

1,726.4

 

 

$

1,659.4

 

 

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