v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Selected Income Statement Information by Segment
Selected Statement of Income Information
Earnings
Depreciation and Amortization(a)
Three Months EndedThree Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2026202520262025
U.S.
Revenue$1,266 $1,356 
Cost of sales214 208 
Gross profit1,052 1,148 
    Gross margin83.1 %84.7 %
Operating expenses(b)
215 218 
Other (income)/deductions-net— — 
U.S. Earnings837 930 $24 $22 
International
Revenue(c)
1,173 1,085 
Cost of sales340 321 
Gross profit833 764 
    Gross margin71.0 %70.4 %
Operating expenses(b)
172 171 
Other (income)/deductions-net— 1 
International Earnings661 592 25 26 
Total operating segments1,498 1,522 49 48 
Other business activities
(135)(129)13 13 
Reconciling Items:
Corporate
(315)(324)26 29 
Purchase accounting adjustments
(30)(33)30 33 
Acquisition and divestiture-related costs
(2)(1)— — 
Certain significant items
(81)(48)— — 
Other unallocated
(69)(75)1 1 
Total Earnings(d)
$866 $912 $119 $124 
(a)    Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.
(b)    Operating expenses primarily consisted of field selling, advertising and promotions, other marketing expenses, and freight and logistics costs.
(c)    Revenue denominated in euros was $282 million and $255 million for the three months ended June 30, 2026 and 2025, respectively.
(d)    Defined as income before provision for taxes on income.
Earnings
Depreciation and Amortization(a)
Six Months EndedSix Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2026202520262025
U.S.
Revenue$2,356 $2,539 
Cost of sales408 407 
Gross profit1,948 2,132 
    Gross margin82.7 %84.0 %
Operating expenses(b)
414 423 
Other (income)/deductions-net— — 
U.S. Earnings1,534 1,709 $47 $45 
International
Revenue(c)
2,322 2,070 
Cost of sales674 616 
Gross profit1,648 1,454 
    Gross margin71.0 %70.2 %
Operating expenses(b)
347 334 
Other (income)/deductions-net1 1 
International Earnings1,300 1,119 51 49 
Total operating segments2,834 2,828 98 94 
Other business activities
(276)(262)26 24 
Reconciling Items:
Corporate
(630)(602)51 58 
Purchase accounting adjustments
(58)(65)61 65 
Acquisition and divestiture-related costs
(4)(1)— — 
Certain significant items
(108)(54)— — 
Other unallocated
(134)(159)2 2 
Total Earnings(d)
$1,624 $1,685 $238 $243 
(a)    Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.
(b)    Operating expenses primarily consisted of field selling, advertising and promotions, other marketing expenses, and freight and logistics costs.
(c)    Revenue denominated in euros was $545 million and $480 million for the six months ended June 30, 2026 and 2025, respectively.
(d)    Defined as income before provision for taxes on income.