Segment Information (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Segment Reporting [Abstract] |
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| Reconciliation of Revenue from Segments to Consolidated |
The operating information for the two reportable segments, and sales by product line are as follows:
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Year Ended December 31,
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2015
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2014
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2013
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(In millions)
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Net Sales:
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Primary Reporting Segment
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$
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3,622.8
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$
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4,294.3
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$
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4,353.7
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China
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846.2
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664.3
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471.6
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Total Net Sales
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$
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4,469.0
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$
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4,958.6
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$
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4,825.3
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Contribution Margin(1):
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Primary Reporting Segment
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$
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1,598.8
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$
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1,908.0
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$
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1,941.7
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China(2)
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762.8
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596.6
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422.7
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Total Contribution Margin
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$
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2,361.6
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$
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2,504.6
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$
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2,364.4
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Selling, general and administrative expense (2)
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1,778.0
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1,991.1
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1,629.1
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Interest expense
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100.5
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91.7
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26.6
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Interest income
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5.6
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12.5
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8.0
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Other expense, net
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2.3
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13.0
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—
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Income before income taxes
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486.4
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421.3
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716.7
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Income taxes
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147.3
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112.6
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189.2
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Net Income
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$
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339.1
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$
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308.7
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$
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527.5
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| Schedule of Entity-Wide Information, Revenue from External Customers by Products and Services |
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Year Ended December 31,
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2015
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2014
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2013
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(In millions)
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Net sales by product line:
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Weight Management
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$
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2,862.8
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$
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3,177.0
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$
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3,063.7
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Targeted Nutrition
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1,015.4
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1,108.5
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1,109.9
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Energy, Sports & Fitness
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250.9
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260.6
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254.5
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Outer Nutrition
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133.0
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178.9
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157.2
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Literature, Promotional and Other(3)
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206.9
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233.6
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240.0
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Total Net Sales
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$
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4,469.0
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$
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4,958.6
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$
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4,825.3
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Net sales by geographic area:
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United States
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$
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860.0
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$
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905.1
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$
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886.9
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Mexico
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479.9
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567.9
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562.4
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South Korea
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266.9
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416.0
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433.7
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China
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846.2
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664.3
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471.6
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Others
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2,016.0
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2,405.3
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2,470.7
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Total Net Sales
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$
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4,469.0
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$
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4,958.6
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$
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4,825.3
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(1)
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Contribution margin consists of net sales less cost of sales and royalty overrides.
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(2)
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Service fees to China independent service providers totaling $403.5 million, $312.7 million, and $215.6 million for the years ended December 31, 2015, 2014, and 2013, respectively, are included in selling, general and administrative expenses while Member compensation for all other countries is included in contribution margin.
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(3)
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Product buybacks and returns in all product categories are included in the literature, promotional and other category.
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| Schedule of Property, Plant and Equipment and Deferred Tax Assets by Geographic Area |
The following table sets forth property, plant and equipment and deferred tax assets by geographic area:
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December 31,
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2015
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2014
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2013
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(In millions)
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Property, Plant and Equipment, net:
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United States
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$
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264.2
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$
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289.8
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$
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236.0
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Foreign
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75.0
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76.9
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82.9
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Total Property, Plant and Equipment, net
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$
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339.2
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$
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366.7
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$
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318.9
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Deferred Tax Assets:
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United States
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$
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188.5
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$
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154.3
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$
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69.1
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Foreign
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63.9
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63.6
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58.7
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Total Deferred Tax Assets
|
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$
|
252.4
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$
|
217.9
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$
|
127.8
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