Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 133

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 133
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 more likely than not that the benefit from certain additional deferred tax assets of a foreign subsidiary will not be realized.  In recognition of this risk, the Company maintains a valuation allowance of $0.7 and $0.8 at December 31, 2024 and 2023, respectively, on these deferred tax assets.    The Company has foreign tax credit carryforwards of approximately $5.2 and $2.1 as of December 31, 2024 and 2023, respectively. The Company believes that it is more likely than not that the benefit from the foreign tax credit carryforwards as of December 31, 2024 will not be realized. In recognition of this risk, the Company has provided a valuation allowance of $5.2 and $0.0 at December 31, 2024 and 2023, respectively, on the deferred tax asset relating to these foreign tax credit carryforwards. The Company does not have any undistributed earnings of foreign subsidiaries that are considered to be indefinitely reinvested outside of the U.S.The Company has recorded liabilities in connection with uncertain tax positions, which, although supportable by the Company, may be challenged by tax authorities.  A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 

        2024

        2023

        2022

        Unrecognized tax benefits at January 1
         
        $
        5.1

        $
        5.8

        $
        4.7

        Gross increases - tax positions in current period

        0.9

        0.0

        2.4

        Gross increases - tax positions in prior period

        0.0

        0.0

        0.0

        Gross decreases - tax positions in prior period

        0.0

        0.0

        (0.1
        )

        Decreases due to settlements and payments

        0.0

        0.0

        0.0

        Lapse of statute of limitations

        (0.6
        )

        (0.7
        )

        (1.2
        )

        Unrecognized tax benefits at December 31
         
        $
        5.4

        $
        5.1

        $
        5.8

      Included in the balance of unrecognized tax benefits at December 31, 2024