Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 128

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 128
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. These additions included $36.9 for an agreement between the Company and a third-party warehouse provider for warehouse space.                  

73

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)(In millions, except share and per share data) 

The Company’s minimum annual rentals including reasonably assured renewal options under lease agreements are as follows: 

        Operating

        Leases

        2025
         
        $
        40.9

        2026

        32.6

        2027

        29.5

        2028

        26.0

        2029

        25.6

        2030 and thereafter

        84.7

        Total future minimum lease commitments

        239.3

        Less: Imputed interest

        (38.4
        )

        Present value of lease liabilities
         
        $
        200.9

9.Accounts Payable, Accrued and Other Liabilities Accounts payable, accrued and other liabilities consist of the following:  

        December 31,

        December 31,

        2024

        2023

        Accounts payable
        $
        705.1

        $
        630.6

        Accrued marketing and promotion costs
         
        259.6

        276.7

        Accrued wages and related benefit costs
         
        151.4

        152.3

        Other accrued current liabilities
         
        194.5

        151.4

        Total
        $
        1,310.6

        $
        1,211.0

        In 2015, the Company initiated a Supply Chain Finance program (“SCF Program”). Under the SCF Program, qualifying suppliers may elect to sell their receivables from the Company for early payment. Participating suppliers negotiate their receivables sales arrangements directly with a third party. The Company is not party to those agreements and do not have an economic interest in the suppliers' decisions to sell their receivables and has not been required to pledge any assets as security nor to provide any guarantee to third-party finance providers or intermediaries. The SCF Program may allow suppliers to obtain more favorable terms than they could secure on their own. The terms of the Company's payment obligations are