OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of financial information for each of the entity's reportable segments, including the impact of the preceding changes on previously reported full year 2024 net sales and operating income


	December 31, 2024

	2024 Reported					Fixed	2024 Reported
	Valued at 2024				Currency		Valued at 2025
(millions)	Management Rates		Other		Rate Change		Management Rates
Net Sales
Global Water		$7,857.2		($1.2)		($372.6)		$7,483.4
Global Institutional & Specialty		5,413.9		726.0		(160.5)		5,979.4
Global Pest Elimination		1,167.8		-		(27.7)		1,140.1
Global Life Sciences		1,434.1		(724.8)		(38.8)		670.5
Subtotal at fixed currency rates		15,873.0		-		(599.6)		15,273.4
Effect of foreign currency translation		(131.6)		-		599.6		468.0
Consolidated reported GAAP net sales		$15,741.4		$-		$-		$15,741.4

Cost of Sales
Global Water		$4,691.2		$2.0		($222.3)		$4,470.9
Global Institutional & Specialty		2,727.5		490.6		(87.1)		3,131.0
Global Pest Elimination		655.0		0.1		(15.3)		639.8
Global Life Sciences		895.1		(492.7)		(19.8)		382.6
Corporate		5.4		-		(0.2)		5.2
Subtotal at fixed currency rates		$8,974.2		$-		($344.7)		$8,629.5

Selling, General and Administrative Expenses
Global Water		$1,865.4		$3.1		($63.2)		$1,805.3
Global Institutional & Specialty		1,503.7		181.2		(38.7)		1,646.2
Global Pest Elimination		292.4		5.1		(6.9)		290.6
Global Life Sciences		391.8		(189.4)		(6.3)		196.1
Corporate		199.3		-		(3.7)		195.6
Subtotal at fixed currency rates		$4,252.6		$-		($118.8)		$4,133.8

Special (Gains) and Charges
Corporate		(188.9)		-		0.2		(188.7)
Subtotal at fixed currency rates		($188.9)		$-		$0.2		($188.7)

Operating Income
Global Water		$1,300.6		($6.3)		($87.1)		$1,207.2
Global Institutional & Specialty		1,182.7		54.2		(34.7)		1,202.2
Global Pest Elimination		220.4		(5.2)		(5.5)		209.7
Global Life Sciences		147.2		(42.7)		(12.7)		91.8
Corporate		(15.8)		-		3.7		(12.1)
Subtotal at fixed currency rates		2,835.1		-		(136.3)		2,698.8
Effect of foreign currency translation		(32.7)		-		136.3		103.6
Consolidated reported GAAP operating income		$2,802.4		$-		$-		$2,802.4

Schedule of reportable segment information

Financial information for the quarter ended June 30 for each of the Company’s reportable segments were as follows:


	June 30, 2025

(millions)	Net Sales	COS	SG&A	Special (gains) and charges	Operating Income (Loss)

Global Water	$1,908.5	$1,143.5	$458.7	$-	$306.3
Global Institutional & Specialty	1,511.7	741.7	410.6	-	359.4
Global Pest Elimination	311.3	176.1	74.0	-	61.2
Global Life Sciences	176.7	92.8	49.1	-	34.8
Corporate	-	2.7	48.2	24.1	(75.0)
Subtotal at fixed currency rates	$3,908.2	$2,156.8	$1,040.6	$24.1	$686.7
Effect of foreign currency translation	117.0				23.4
Consolidated reported GAAP	$4,025.2				$710.1

	June 30, 2024

(millions)	Net Sales	COS	SG&A	Special (gains) and charges	Operating Income (Loss)

Global Water	$1,863.2	$1,109.8	$464.8	$-	$288.6
Global Institutional & Specialty	1,548.1	803.5	415.1	-	329.5
Global Pest Elimination	290.2	160.3	69.9	-	60.0
Global Life Sciences	169.8	98.5	54.3	-	17.0
Corporate	-	0.7	49.0	12.2	(61.9)
Subtotal at fixed currency rates	$3,871.3	$2,172.8	$1,053.1	$12.2	$633.2
Effect of foreign currency translation	114.5				23.7
Consolidated reported GAAP	$3,985.8				$656.9

Financial information for the six months ended June 30 for each of the Company’s reportable segments were as follows:


	June 30, 2025

(millions)	Net Sales	COS	SG&A	Special (gains) and charges	Operating Income (Loss)

Global Water	$3,709.0	$2,217.1	$925.6	$-	$566.3
Global Institutional & Specialty	2,918.2	1,447.0	813.2	-	658.0
Global Pest Elimination	589.4	337.8	144.3	-	107.3
Global Life Sciences	343.7	183.2	100.5	-	60.0
Corporate	-	7.4	96.7	53.4	(157.5)
Subtotal at fixed currency rates	$7,560.3	$4,192.5	$2,080.3	$53.4	$1,234.1
Effect of foreign currency translation	159.9				31.3
Consolidated reported GAAP	$7,720.2				$1,265.4

	June 30, 2024

(millions)	Net Sales	COS	SG&A	Special (gains) and charges	Operating Income (Loss)

Global Water	$3,618.2	$2,160.3	$925.7	$-	$532.2
Global Institutional & Specialty	2,995.0	1,574.1	834.0	-	586.9
Global Pest Elimination	550.5	307.8	136.2	-	106.5
Global Life Sciences	329.1	183.1	109.7	-	36.3
Corporate	-	2.3	97.9	40.5	(140.7)
Subtotal at fixed currency rates	$7,492.8	$4,227.6	$2,103.5	$40.5	$1,121.2
Effect of foreign currency translation	244.9				53.6
Consolidated reported GAAP	$7,737.7				$1,174.8

ECOLAB INC. 10-Q