Segment Information (Tables)
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12 Months Ended |
Dec. 31, 2017 |
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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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2017
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2016
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2015
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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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3,541.8
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$
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3,619.6
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$
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3,622.8
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China
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885.9
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868.8
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|
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846.2
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Total Net Sales
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$
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4,427.7
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$
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4,488.4
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$
|
4,469.0
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Contribution Margin(1):
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Primary Reporting Segment
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$
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1,534.2
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$
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1,571.9
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|
$
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1,598.8
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China(2)
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790.7
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789.3
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762.8
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Total Contribution Margin
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$
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2,324.9
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$
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2,361.2
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$
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2,361.6
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Selling, general and administrative expense(2)
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1,758.6
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1,966.9
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1,784.5
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Other operating income
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(50.8
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)
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(63.8
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)
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(6.5
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)
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Interest expense
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160.8
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99.3
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100.5
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Interest income
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14.5
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5.9
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5.6
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Other expense, net
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(0.4
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)
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—
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2.3
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Income before income taxes
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471.2
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364.7
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486.4
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Income taxes
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257.3
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104.7
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147.3
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Net Income
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$
|
213.9
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$
|
260.0
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$
|
339.1
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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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2017
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2016
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2015
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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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2,842.5
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$
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2,864.5
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$
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2,862.8
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Targeted Nutrition
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1,082.8
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1,062.8
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1,015.4
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Energy, Sports & Fitness
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263.8
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268.4
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250.9
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Outer Nutrition
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93.9
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110.4
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133.0
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Literature, Promotional and Other(3)
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144.7
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182.3
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206.9
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Total Net Sales
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$
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4,427.7
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$
|
4,488.4
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$
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4,469.0
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Net sales by geographic area:
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United States
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$
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818.3
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$
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935.0
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$
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860.0
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Mexico
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442.7
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446.6
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479.9
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China
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885.9
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868.8
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846.2
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Others
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2,280.8
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2,238.0
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2,282.9
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Total Net Sales
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$
|
4,427.7
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$
|
4,488.4
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$
|
4,469.0
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(1)
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Contribution margin consists of net sales less cost of sales and royalty overrides. For the China segment, contribution margin does not include service fees to China independent service providers.
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(2)
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Service fees to China independent service providers totaling $419.5 million, $407.1 million, and $403.5 million for the years ended December 31, 2017, 2016, and 2015, respectively, are included in selling, general and administrative expenses.
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(3)
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Product buy backs and returns in all product categories are included in literature, promotional and other category.
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| Schedule of Property, Plant and Equipment and Deferred Tax Assets by Geographic Area |
The following table sets forth property, plant and equipment and deferred tax assets by geographic area:
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December 31,
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2017
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2016
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2015
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(In millions)
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Property, Plant and Equipment, net:
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United States
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$
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289.8
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$
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290.7
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$
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264.2
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Foreign
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87.7
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87.3
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75.0
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Total Property, Plant and Equipment, net
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$
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377.5
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$
|
378.0
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$
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339.2
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Deferred Tax Assets:
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United States
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$
|
103.6
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$
|
218.7
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$
|
188.5
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Foreign
|
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|
70.9
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62.5
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63.9
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Total Deferred Tax Assets
|
|
$
|
174.5
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$
|
281.2
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$
|
252.4
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