Segment Information | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
In millions | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | FY04 Q1 | | FY04 Q2 | | FY04 Q3 | | FY04 Q4 | | FY04 Full Year (3) |
| | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data |
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Household Group - North America | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Sales | | 603 | | (101) | | 502 | | 549 | | (109) | | 440 | | 583 | | (68) | | 515 | | 612 | | (83) | | 529 | | 2,347 | | (361) | | 1,986 |
| Earnings (losses) from continuing operations | 156 | | 1 | | 157 | | 146 | | (4) | | 142 | | 149 | | 16 | | 165 | | 149 | | 21 | | 170 | | 600 | | 34 | | 634 |
| before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Specialty Group | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Sales | | 318 | | 70 | | 388 | | �� 265 | | 86 | | 351 | | 361 | | 43 | | 404 | | 480 | | 54 | | 534 | | 1,424 | | 253 | | 1,677 |
| Earnings (losses) from continuing operations | 108 | | (24) | | 84 | | 89 | | (10) | | 79 | | 135 | | (35) | | 100 | | 193 | | (39) | | 154 | | 525 | | (108) | | 417 |
| before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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International | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Sales | | 127 | | (11) | | 116 | | 133 | | (4) | | 129 | | 142 | | (10) | | 132 | | 151 | | (29) | | 122 | | 553 | | (54) | | 499 |
| Earnings (losses) from continuing operations | 31 | | (2) | | 29 | | 33 | | (1) | | 32 | | 34 | | (2) | | 32 | | 31 | | (9) | | 22 | | 129 | | (14) | | 115 |
| before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Corporate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Sales | | | | | | - - | | | | | | - - | | | | | | - - | | | | | | - - | | - - | | - - | | - - |
| Earnings (losses) from continuing operations | (94) | | 2 | | (92) | | (98) | | (1) | | (99) | | (123) | | 2 | | (121) | | (99) | | (3) | | (102) | | (414) | | - - | | (414) |
| before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Total Company | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Sales | | 1,048 | | (42) | | 1,006 | | 947 | | (27) | | 920 | | 1,086 | | (35) | | 1,051 | | 1,243 | | (58) | | 1,185 | | 4,324 | | (162) | | 4,162 |
| Earnings (losses) from continuing operations | 201 | | (23) | | 178 | | 170 | | (16) | | 154 | | 195 | | (19) | | 176 | | 274 | | (30) | | 244 | | 840 | | (88) | | 752 |
| before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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(1) | As Originally Reported reflects data for the most comparable segment (or the identified segment) reported in the company's reports on Form 10-Q or 10-K and earnings releases issued for the related periods. | | | | | | | | | | | | |
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(2) | The Adjustments column reflects changes to the Originally Reported segment data to reflect the businesses exchanged with Henkel in November, 2004 and the assignment of new management responsibilities, which was effective January 2005 and resulted in the realignment of segments. | | | | |
| The names of the segments were changed as follows to reflect these changes in the segments: Household Products - North America is now known as Household Group - - North America; Specialty Products is now known as Specialty Group; and Household Products - Latin America is now known as International. | | |
| Please see the discussion in Note 2 under "Discontinued Operations" and in Note 17 under "Segment Results – Realignment of Operating Segments" in the company's notes to the financial statements included in the report on Form 10-Q for the interim period ended December 31, 2004, | | | | |
| which was filed on February 9, 2005, for further details. | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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(3) | The following data was reported in the company's current report on Form 8-K dated March 3, 2005 and reflects reclassified segment data for Discontinued Operations as the segments were named in the Form 8-K filed on March 3, 2005. | | | | | | | | | | |
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| | | | | FY04 | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Household Products - North America | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Sales | | | 2,285 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Earnings (losses) from continuing operations | | 560 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Specialty Products | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Sales | | | 1,378 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Earnings (losses) from continuing operations | | 491 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Household Products - Latin America/other | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Sales | | | 499 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Earnings (losses) from continuing operations | | 115 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Corporate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Sales | | | - - | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Earnings (losses) from continuing operations | | (414) | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Total Company | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Sales | | | 4,162 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Earnings (losses) from continuing operations | | 752 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Segment Information | | | | | | | | | | | | | | | | | |
In millions | | | | | | | | | | | | | | | | | | |
| | | FY05 Q1 | | FY05 Q2 | | FY05 Q3 |
| | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data | | As Originally Reported (1) | | Adjustments (2) | | Reclassified Segment Data |
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Household Group - North America | | | | | | | | | | | | | | | | | |
| Net Sales | 642 | | (128) | | 514 | | 584 | | (114) | | 470 | | 517 | | - | | 517 |
| Earnings (losses) from continuing operations | 152 | | 16 | | 168 | | 154 | | 1 | | 155 | | 162 | | - - | | 162 |
| before income taxes | | | | | | | | | | | | | | | | | |
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Specialty Group | | | | | | | | | | | | | | | | | |
| Net Sales | 314 | | 98 | | 412 | | 267 | | 114 | | 381 | | 426 | | - - | | 426 |
| Earnings (losses) from continuing operations | 109 | | (36) | | 73 | | 93 | | (1) | | 92 | | 96 | | - - | | 96 |
| before income taxes | | | | | | | | | | | | | | | | | |
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International | | | | | | | | | | | | | | | | | |
| Net Sales | 134 | | (12) | | 122 | | 149 | | - - | | 149 | | 143 | | - - | | 143 |
| Earnings (losses) from continuing operations | 29 | | (2) | | 27 | | 38 | | - | | 38 | | 26 | | - - | | 26 |
| before income taxes | | | | | | | | | | | | | | | | | |
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Corporate | | | | | | | | | | | | | | | | | | |
| Net Sales | | | | | - - | | | | | | - - | | - - | | - - | | - - |
| Earnings (losses) from continuing operations | (101) | | - - | | (101) | | (91) | | - - | | (91) | | (147) | | - - | | (147) |
| before income taxes | | | | | | | | | | | | | | | | | |
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Total Company | | | | | | | | | | | | | | | | | |
| Net Sales | 1,090 | | (42) | | 1,048 | | 1,000 | | - - | | 1,000 | | 1,086 | | - - | | 1,086 |
| Earnings (losses) from continuing operations | 189 | | (22) | | 167 | | 194 | | - - | | 194 | | 137 | | - - | | 137 |
| before income taxes | | | | | | | | | | | | | | | | | |
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(1) | As Originally Reported reflects data for the most comparable segment (or the identified segment) reported in the company's reports on Form 10-Q and quarterly earnings releases. | | | | |
| | | | | | | | | | | | | | | | | | | |
(2) | The Adjustments column reflects changes to the Originally Reported segment data to reflect the businesses exchanged with Henkel in November, 2004 and the assignment of new management responsibilities, |
| which was effective January 2005 and resulted in the realignment of segments. | | | | | | | | | | | | | | |
| The names of the segments were changed as follows to reflect these changes in the segments: Household Products - North America is now known as Household Group - - North America; | | |
| Specialty Products is now known as Specialty Group; and Household Products - Latin America is now known as International. | | | | | | | | |
| Please see the discussion in Note 2 under "Discontinued Operations" and in Note 17 under "Segment Results – Realignment of Operating Segments" in the company's notes to the financial statements | |
| included in the report on Form 10-Q for the interim period ended December 31, 2004, which was filed on February 9, 2005, for further details. | | | | | | | | |
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