Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 209

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 209
---
.2

        $
        28.3

        Buildings and improvements
         
        348.2

        317.8

        Machinery and equipment
         
        1,000.4

        895.1

        Software
         
        129.6

        122.6

        Office equipment and other assets
         
        129.3

        105.2

        Construction in progress(1)
         
        215.1

        348.4

        Gross PP&E
         
        1,851.8

        1,817.4

        Less accumulated depreciation
         
        920.1

        889.7

        Net PP&E
        $
        931.7

        $
        927.7

        (1)In connection with the Vitamins, Minerals and Supplements ("VMS") impairment review completed in the third quarter of 2024, the Company recorded an impairment charge of $60.0 in SG&A of Construction in progress assets.  The charge was recorded in the Consumer Domestic segment.  Refer to Note 7 for additional details.   

        For the Year Ended December 31,

        2024

        2023

        2022

        Depreciation expense on PP&E
        $
        83.2

        $
        72.8

        $
        67.0

68

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

6.Acquisitions  On June 3, 2024, the Company acquired substantially all of the issued and outstanding shares of capital stock of Graphico, Inc. ("Graphico"), a Japan-based distributor focused on consumer goods primarily in the Japanese market (the “Graphico Acquisition”).  The Company paid $19.9, net of cash acquired, at closing.  The Company acquired the remaining minority shares for approximately $2.0 in July 2024. Graphico’s annual net sales for the year ended December 31, 2023 were approximately $38.0. The Graphico Acquisition was financed with cash on hand, is expected to contribute to greater expansion of our business in the Asia-Pacific (APAC) region, and is managed in the Consumer International segment. The preliminary fair values