Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 127

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 127
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168.5

        174.9

        Total lease liabilities
         
        $
        200.9

        $
        199.6

        Other information

        Weighted-average remaining lease term (years)

        7.4

        8.1

        Weighted-average discount rate

        4.6
        %

        4.5
        %

        Twelve Months

        Twelve Months

        Twelve Months

        Ended

        Ended

        Ended

        December 31, 2024

        December 31, 2023

        December 31, 2022

        Statement of Income

        Lease cost(1)
         
        $
        40.2

        $
        31.7

        $
        31.0

        Twelve Months

        Twelve Months

        Ended

        Ended

        December 31, 2024

        December 31, 2023

        Other information

        Leased assets obtained in exchange for new lease liabilities(2)
         
        $
        28.0

        $
        47.2

        Cash paid for amounts included in the measurement of lease liabilities
         
        $
        35.3

        $
        30.9

      (1)Lease expense is included in cost of sales or SG&A expenses based on the nature of the leased item.  Short-term lease expense is excluded from this amount and is not material.  The Company also has certain variable leases which are not material.  The noncash component of lease expense for the twelve months ended December 31, 2024, 2023 and 2022 was $30.9, $24.3 and $24.0, respectively, is included in the amortization caption in the consolidated statement of cash flows. (2)Leased assets obtained in exchange for new lease liabilities in 2024 consisted of $16.8 of real estate lease additions and $11.2 of equipment lease additions, net of modifications.  These additions included expanded space at one of the Company's leased manufacturing facilities.  This resulted in an increase to the Company’s right of use assets and corresponding lease liabilities of approximately $15.4 recorded in the first quarter of 2024.  Leased assets obtained in exchange for new lease liabilities in 2023 consisted of $40.9 of real estate lease additions and $6.3 of equipment lease additions, net of modifications