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Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. 

The operations of the Oral, Personal and Home Care product segment are managed geographically in five reportable operating segments: North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

The Company evaluates segment performance based on several factors, including Operating profit. The Company uses Operating profit as a measure of operating segment performance because it excludes the impact of Corporate-driven decisions related to interest expense and income taxes.

The accounting policies of the operating segments are generally the same as those described in Note 2, Summary of Significant Accounting Policies to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Intercompany sales have been eliminated. Corporate operations include costs related to stock options and restricted stock units, research and development costs, Corporate overhead costs, restructuring and related implementation charges and gains and losses on sales of non-core product lines and assets. The Company reports these items within Corporate operations as they relate to Corporate-based responsibilities and decisions and are not included in the internal measures of segment operating performance used by the Company to measure the underlying performance of the operating segments.


Net sales by segment were as follows:
Three Months Ended
 March 31,
 20242023
Net sales  
Oral, Personal and Home Care  
North America$997 $958 
Latin America1,253 1,075 
Europe711 650 
Asia Pacific727 738 
Africa/Eurasia276 288 
Total Oral, Personal and Home Care3,963 3,709 
Pet Nutrition1,102 1,061 
Total Net sales$5,065 $4,770 
Note: Table may not sum due to rounding.

Approximately two-thirds of the Company’s Net sales are generated from markets outside the U.S., with approximately 45% of the Company’s Net sales coming from emerging markets (which consist of Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe).
The Company’s Net sales of Oral, Personal and Home Care and Pet Nutrition products accounted for the following percentages of the Company’s Net sales:
Three Months Ended
 March 31,
 20242023
Net sales
Oral Care43 %43 %
Personal Care18 %18 %
Home Care17 %17 %
Pet Nutrition22 %22 %
Total Net sales100 %100 %

Operating profit by segment was as follows:

Three Months Ended
 March 31,
 20242023
Operating profit  
Oral, Personal and Home Care  
North America$222 $193 
Latin America405 315 
Europe144 116 
Asia Pacific207 202 
Africa/Eurasia66 68 
Total Oral, Personal and Home Care1,044 894 
Pet Nutrition199 183 
Corporate(196)(168)
Total Operating profit$1,047 $909 


Corporate Operating profit (loss) for the three months ended March 31, 2024 included charges resulting from the 2022 Global Productivity Initiative of $36.

Corporate Operating profit (loss) for the three months ended March 31, 2023 included product recall costs of $25 and charges resulting from the 2022 Global Productivity Initiative of $5.