“We expect this trend to continue into the second half of the year.”

In context

“e volumes continue to improve, hospital budgets stabilize and we work through post-COVID-related impacts, we are confident in the long-term outlook of this business. Health Care's second quarter operating income was $411 million, down 16% year-on-year. Operating margins were 19.8%, down 2.8 percentage points year-on-year, however, increased sequentially 1.9 percentage points. Year-on-year operating margins were impacted by lower sales volume, restructuring costs and inflation impacts. These headwinds were partially offset by benefits from strong spending discipline, productivity actions and pricing. Finally, on Slide 12. Our Consumer business posted second quarter sales of $1.3 billion. Organic sales declined 2.2% year-on-year as discretionary spending on hardline categories remains soft. We expect this trend to continue into the second half of the year. Organic sales grew slightly in home, health and auto care, while home improvement and stationery and office businesses both declined. Consumer second quarter operating income was $235 million, down 5% compared to last year, with operating margins of 18.2%, down 40 basis points year-on-year but up 3.2 percentage points sequentially. The year-on-year decline in operating margins was driven by lower sales volumes, restructuring costs and inflation impacts. These headwinds were partially offset by benefits from strong spending discipline, productivity actions and pricing. That concludes our remarks on the second quarter. Please turn to Slide 14 for an update on our full year expectations. During our January earnings call, we highlighted that we expected macroeconomic and end-market uncertaint”