Organic sales increased by 9.0% in Q2 2024, with notable growth in Latin America (18.8%) and the Oral, Personal, and Home Care segment (9.8%).

The company is prioritizing investments in high growth segments within Oral Care, Personal Care, and Pet Nutrition, as well as seeking to lead in areas such as digital, artificial intelligence, eCommerce, and data analytics.

The company continues to implement initiatives to reduce costs associated with direct materials, indirect expenses, distribution, logistics, and advertising and promotional materials.

Advertising investment increased by 18% year-over-year in Q2 2024, reflecting a focus on brand building and strong consumer relationships.

The company is managing its supply chain effectively while navigating challenges such as the war in Ukraine, and is focused on streamlining its supply chain to reduce structural costs.

The company is continuing to implement its 2022 Global Productivity Initiative, which is expected to result in annualized pretax savings of approximately $125 million once fully implemented.

The company acknowledges that global macroeconomic, political, and market conditions remain challenging, including as a result of inflation, high interest rates, and foreign currency volatility.

The company is experiencing heightened competition from local and multinational companies, as well as changes in trade customer policies and the growth of eCommerce and alternative retail channels.

The company is closely monitoring the impact of geopolitical events such as the war in Ukraine and the Israel-Hamas war, which may impact supply chains, logistics, and consumer sentiment.

The company's share of the global toothpaste market was 41.5% on a year-to-date basis, up 0.9 share points from the year ago period.

The company's share of the global manual toothbrush market was 32.2% on a year-to-date basis, up 1.0 share points from the year ago period.

The company is experiencing heightened competitive activity in certain markets from strong local competitors, other large multinational companies, and new entrants.

The company is realizing cost savings from its funding-the-growth initiatives, which are designed to reduce costs associated with direct materials, indirect expenses, distribution, logistics, and advertising and promotional materials.

The increase in gross profit margin was due to cost savings from the Company's funding-the-growth initiatives and higher pricing, partially offset by higher raw and packaging material costs.

The company is streamlining its supply chain to reduce structural costs, as part of the 2022 Global Productivity Initiative.

The company plans to continue to invest behind its data strategy, digital and analytics capabilities, including artificial intelligence, to drive growth.

The company is focused on driving organic sales growth through science-led, core and premium innovation.

The Company is in the process of upgrading its enterprise IT system to SAP S/4 HANA. This change has not had and is not expected to have a material impact on the Company's internal controls over financial reporting.

Financing activities used $1,206 million of cash in the first six months of 2024, primarily due to higher share repurchases, partially offset by higher proceeds from the exercise of stock options.

The company continues to focus its capital spending on projects that are expected to yield high aftertax returns, with capital expenditures expected to be approximately 3.0% of Net sales for 2024.

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.

The company is embracing sustainability and social impact strategies across its organization, as well as diversity, equity and inclusion strategies.

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

The company has experienced and will likely continue to experience volatile foreign currency fluctuations, particularly in Argentina and Türkiye.

The retail landscape in many markets continues to evolve as a result of the continued growth of eCommerce, changing consumer preferences, and the increased presence of alternative retail channels.