| Segment Reporting |
The tables below present net sales and the significant expense categories that are included in Segment Operating Profit and regularly provided to our CODM: | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | | NA | | IPC | | Total | | Net Sales | | $ | 2,698 | | | $ | 1,491 | | | $ | 4,189 | | | | | | | | | | | | | | | | | | | | | | | | Cost of Products Sold | | 1,535 | | | 1,007 | | | 2,542 | | | Advertising and Promotion Expense | | 179 | | | 101 | | | 280 | | | Research, Selling and General Expense | | 259 | | | 196 | | | 455 | | Other (Income) and Expense, net(a) | | — | | | 1 | | | 1 | | | Segment Operating Profit | | $ | 725 | | | $ | 186 | | | $ | 911 | | | Corporate & Other | | | | | | (278) | | | Total Operating Profit | | | | | | $ | 633 | |
| | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | NA | | IPC | | Total | | Net Sales | | $ | 5,349 | | | $ | 3,003 | | | $ | 8,352 | | | | | | | | | | | | | | | | | | | | | | | | Cost of Products Sold | | 3,117 | | | 1,995 | | | 5,112 | | | Advertising and Promotion Expense | | 366 | | | 212 | | | 578 | | | Research, Selling and General Expense | | 518 | | | 364 | | | 882 | | Other (Income) and Expense, net(a) | | — | | | 1 | | | 1 | | | Segment Operating Profit | | $ | 1,348 | | | $ | 431 | | | $ | 1,779 | | | Corporate & Other | | | | | | (393) | | | Total Operating Profit | | | | | | $ | 1,386 | |
| | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | NA | | IPC | | Total | | Net Sales | | $ | 2,730 | | | $ | 1,433 | | | $ | 4,163 | | | | | | | | | | | | | | | | | | | | | | | | Cost of Products Sold | | 1,642 | | | 967 | | | 2,609 | | | Advertising and Promotion Expense | | 170 | | | 98 | | | 268 | | | Research, Selling and General Expense | | 263 | | | 183 | | | 446 | | Other (Income) and Expense, net(a) | | — | | | 3 | | | 3 | | | Segment Operating Profit | | $ | 655 | | | $ | 182 | | | $ | 837 | | | Corporate & Other | | | | | | (245) | | | Total Operating Profit | | | | | | $ | 592 | |
(a) Other (income) and expense, net primarily includes the effects of changes in exchange rates on monetary assets and liabilities for subsidiaries where we have adopted highly inflationary accounting. | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | NA | | IPC | | Total | | Net Sales | | $ | 5,398 | | | $ | 2,819 | | | $ | 8,217 | | | | | | | | | | | | | | | | | | | | | | | | Cost of Products Sold | | 3,205 | | | 1,873 | | | 5,078 | | | Advertising and Promotion Expense | | 335 | | | 203 | | | 538 | | | Research, Selling and General Expense | | 525 | | | 356 | | | 881 | | Other (Income) and Expense, net(a) | | — | | | 4 | | | 4 | | | Segment Operating Profit | | $ | 1,333 | | | $ | 383 | | | $ | 1,716 | | | Corporate & Other | | | | | | (493) | | | Total Operating Profit | | | | | | $ | 1,223 | |
(a) Other (income) and expense, net primarily includes the effects of changes in exchange rates on monetary assets and liabilities for subsidiaries where we have adopted highly inflationary accounting. Depreciation and amortization expense by segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | Six Months Ended June 30 | | | 2026 | | 2025 | | 2026 | | 2025 | | NA | | $ | 117 | | | $ | 124 | | | $ | 261 | | | $ | 228 | | | IPC | | 50 | | | 70 | | | 99 | | | 135 | | | Total Segment Depreciation and Amortization | | 167 | | | 194 | | | 360 | | | 363 | | | Corporate & Other | | — | | | — | | | — | | | 9 | | Total(a) | | $ | 167 | | | $ | 194 | | | $ | 360 | | | $ | 372 | |
(a) Excludes discontinued operations. See Note 3 for depreciation and amortization of discontinued operations. Capital spending by segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | Six Months Ended June 30 | | | 2026 | | 2025 | | 2026 | | 2025 | | NA | | $ | 206 | | | $ | 141 | | | $ | 543 | | | $ | 284 | | | IPC | | 50 | | | 35 | | | 91 | | | 71 | | | Total Segment Capital Spending | | 256 | | | 176 | | | 634 | | | 355 | | | Corporate & Other | | 29 | | | — | | | 61 | | | — | | Total(a) | | $ | 285 | | | $ | 176 | | | $ | 695 | | | $ | 355 | |
(a) Excludes discontinued operations. See Note 3 for capital spending of discontinued operations. Sales of Principal Products: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | Six Months Ended June 30 | | | 2026 | | 2025 | | 2026 | | 2025 | | Baby and Child Care | | $ | 1,752 | | | $ | 1,768 | | | $ | 3,448 | | | $ | 3,405 | | | Family Care | | 1,015 | | | 997 | | | 2,055 | | | 2,024 | | | Professional | | 476 | | | 465 | | | 936 | | | 911 | | | Adult Care | | 493 | | | 492 | | | 976 | | | 968 | | | Feminine Care | | 423 | | | 412 | | | 874 | | | 855 | | | All other | | 30 | | | 29 | | | 63 | | | 54 | | | Total | | $ | 4,189 | | | $ | 4,163 | | | $ | 8,352 | | | $ | 8,217 | |
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