Organic sales, which excludes the impact of foreign exchange, acquisitions, and divestments, increased by 9.8%, indicating strong underlying demand and pricing power for the company's products.

The company is prioritizing investments in high-growth segments within Oral Care, Personal Care, and Pet Nutrition, as well as expanding in faster-growing channels and markets, and leveraging capabilities in innovation, digital, AI, eCommerce and data analytics.

The company is implementing initiatives to reduce costs associated with direct materials, indirect expenses, distribution and logistics, and advertising and promotional materials, which are designed to improve efficiency and support growth.

Operating profit increased by 15% to $1,047 million, reflecting the positive impact of higher sales and improved gross profit margins, demonstrating effective management of the business.

The company is managing operations effectively across more than 200 countries and territories, with established businesses in all regions contributing to sales and profitability, despite facing challenges such as inflation, higher interest rates, and foreign currency volatility.

Management is focused on key indicators such as net sales, organic sales growth, gross profit margin, operating profit, net income, earnings per share, working capital, capital expenditures, cash flow and return on capital, as well as market share data.

The company acknowledges ongoing challenges from inflation, higher interest rates, foreign currency volatility, and geopolitical tensions, which may impact consumer demand and the company's ability to operate effectively.

The company faces risks related to supply chain and logistics, including increases in costs and limitations on the availability of certain raw and packaging materials and commodities.

The company is exposed to volatile foreign currency fluctuations, especially in Argentina and Türkiye, which are considered hyper-inflationary economies, and this may impact financial results.

The company's share of the global toothpaste market was 41.3% year-to-date, up 1.0 share points from the prior year, and its share of the global manual toothbrush market was 31.7%, up 1.4 share points, indicating a strong competitive position.

The company faces heightened competitive activity from strong local competitors, other large multinational companies, and new market entrants, including more aggressive product claims and marketing challenges.

The continued growth of eCommerce, changing consumer preferences, and the increased presence of alternative retail channels have created and may continue to create pricing pressures and/or adversely affect the company's relationships with key retailers.

The company is implementing the 2022 Global Productivity Initiative, which is expected to be substantially completed by mid-year 2024, and is estimated to result in cumulative pretax charges in the range of $200 to $240 million and annualized pretax savings in the range of $90 to $110 million.

The increase in gross profit margin was primarily due to higher pricing and cost savings from the Company's funding-the-growth initiatives, demonstrating improved operational efficiency.

The company is focused on initiatives to increase effective asset utilization throughout its businesses, which is expected to contribute to further operational efficiencies.

The company is investing in capabilities such as innovation, digital, artificial intelligence, eCommerce and data and analytics to be more responsive in today's rapidly changing world.

The company is investing behind its brands, including through advertising, and developing initiatives to build strong relationships with consumers, dental, veterinary and skin health professionals and traditional and eCommerce retailers.

The company plans to continue to invest behind its data strategy, digital and analytics capabilities and higher growth businesses, indicating a focus on future innovation and growth.

The company increased the quarterly common stock dividend to $0.50 per share from $0.48 per share previously, effective in the second quarter of 2024, demonstrating commitment to returning capital to shareholders.

The company continues to repurchase shares under the 2022 Program, as well as to fulfill certain requirements of the company's compensation and benefit programs, indicating a belief that shares are undervalued.

The company continues to focus its capital spending on projects that are expected to yield high aftertax returns, indicating a disciplined approach to capital allocation.

The company is embracing its sustainability and social impact strategies across its organization, indicating a commitment to environmental and social responsibility.

The company is embracing diversity, equity and inclusion strategies across its organization, indicating a commitment to social responsibility.

The company is seeking to maximize the impact of its sustainability and social impact strategies, indicating a commitment to long-term value creation.

The company expects global macroeconomic, political, and market conditions to remain challenging, including as a result of inflation, higher interest rates, and foreign currency volatility.

The company expects continued volatility across all of its categories due to the challenging market environment, making it difficult to predict category growth rates in the near term.

The company notes that the retail landscape in many of its markets continues to evolve due to the continued growth of eCommerce, changing consumer preferences, and the increased presence of alternative retail channels.