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

	Consumer		Consumer
	Domestic		International		SPD		Corporate⁽³⁾			Total
Net Sales⁽¹⁾
Third Quarter 2016	$	664.8	$	133.8	$	72.1	$	0.0		$	870.7
Third Quarter 2015		656.4		124.7		80.7		0.0			861.8
First Nine Months of 2016	$	1,982.4	$	397.6	$	217.1	$	0.0		$	2,597.1
First Nine Months of 2015		1,909.3		376.0		235.9		0.0			2,521.2

Income before Income Taxes⁽²⁾
Third Quarter 2016	$	160.2	$	19.8	$	9.9	$	2.5		$	192.4
Third Quarter 2015		153.5		16.3		12.8		3.1			185.7
First Nine Months of 2016	$	441.7	$	54.1	$	33.9	$	6.7		$	536.4
First Nine Months of 2015		395.8		40.2		42.9		(8.4	)		470.5

⁽¹⁾

Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $1.0 and $0.9 for the three months ended September 30, 2016 and September 30, 2015, respectively, and were $3.0 and $3.9 for the nine months ended September 30, 2016 and September 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 nine months of 2016, and Armand, ArmaKleen and Natronx in the first nine months of 2015.

Product line revenues from external customers are as follows:

	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2016		2015		2016		2015
Household Products	$	400.7	$	391.2	$	1,186.8	$	1,148.6
Personal Care Products		264.1		265.2		795.6		760.7
Total Consumer Domestic		664.8		656.4		1,982.4		1,909.3
Total Consumer International		133.8		124.7		397.6		376.0
Total SPD		72.1		80.7		217.1		235.9
Total Consolidated Net Sales	$	870.7	$	861.8	$	2,597.1	$	2,521.2

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.