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Segments (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Selected Financial Information Relating To Company's Segments

Segment net sales and income before income taxes are as follows:

 

Consumer

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

International

 

 

SPD

 

 

Corporate(3)

 

 

Total

 

Net Sales(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2021

$

959.7

 

 

$

226.8

 

 

$

84.6

 

 

$

0.0

 

 

$

1,271.1

 

Second Quarter 2020

 

931.1

 

 

 

187.5

 

 

 

75.7

 

 

 

0.0

 

 

 

1,194.3

 

First Six Months of 2021

$

1,902.1

 

 

$

443.2

 

 

$

164.7

 

 

$

0.0

 

 

$

2,510.0

 

First Six Months of 2020

 

1,822.1

 

 

 

386.1

 

 

 

151.3

 

 

 

0.0

 

 

 

2,359.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before Income Taxes(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2021(4)

$

234.2

 

 

$

38.2

 

 

$

12.1

 

 

$

2.8

 

 

$

287.3

 

Second Quarter 2020(5)

 

200.4

 

 

 

23.4

 

 

 

10.2

 

 

 

2.0

 

 

 

236.0

 

First Six Months of 2021(4)

$

475.1

 

 

$

76.4

 

 

$

21.4

 

 

$

5.4

 

 

$

578.3

 

First Six Months of 2020(5)

 

451.2

 

 

 

61.6

 

 

 

19.0

 

 

 

3.6

 

 

 

535.4

 

 

(1)

Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $2.6 and $2.8 for the three months ended June 30, 2021 and June 30, 2020, respectively, and were $5.2 and $5.8 for the six months ended June 30, 2021 and June 30, 2020, respectively.

(2)

In determining income before income taxes, interest expense, investment earnings and certain aspects of other income and expense were allocated among segments based upon each segment’s relative income from operations.

(3)

Corporate segment consists of equity in earnings of affiliates from Armand and ArmaKleen for the three and six months ended June 30, 2021 and June 30, 2020.

(4)

Results for the three months ended June 30, 2021 include a $38.0 reduction of SG&A expenses to adjust the Flawless business acquisition liability, of which $32.3 was recorded to Consumer Domestic and $5.7 was recorded to Consumer International.  Results for the six months ended June 30, 2021 include a $57.0 reduction of SG&A expenses to adjust the Flawless business acquisition liability, of which $48.4 was recorded to Consumer Domestic and $8.6 was recorded to Consumer International.  

(5)

Results for the three months ended June 30, 2020 include a $6.0 increase of SG&A expenses to adjust the Flawless business acquisition liability, of which $5.1 was recorded to Consumer Domestic and $0.9 was recorded to Consumer International.  Results for the six months ended June 30, 2020 include a $21.0 reduction of SG&A expenses to adjust the Flawless business acquisition liability, of which $17.9 was recorded to Consumer Domestic and $3.1 was recorded to Consumer International.  In the first quarter of 2020, the Company sold its PERL WEISS® toothpaste brand in Germany resulting in a reduction in SG&A expenses of $3.0 recorded in Consumer International.

Product Line Revenues From External Customers

Product line revenues from external customers are as follows:  

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Household Products

$

523.0

 

 

$

544.7

 

 

$

1,018.2

 

 

$

1,039.0

 

Personal Care Products

 

436.7

 

 

 

386.4

 

 

 

883.9

 

 

 

783.1

 

Total Consumer Domestic

 

959.7

 

 

 

931.1

 

 

 

1,902.1

 

 

 

1,822.1

 

Total Consumer International

 

226.8

 

 

 

187.5

 

 

 

443.2

 

 

 

386.1

 

Total SPD

 

84.6

 

 

 

75.7

 

 

 

164.7

 

 

 

151.3

 

Total Consolidated Net Sales

$

1,271.1

 

 

$

1,194.3

 

 

$

2,510.0

 

 

$

2,359.5