Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 276

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 276
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          244.9

          242.9

          Dilutive effect of stock options
           
          2.5

          2.7

          3.4

          Weighted average common shares outstanding - diluted
           
          246.9

          247.6

          246.3

          Antidilutive stock options outstanding
           
          1.1

          2.6

          3.0

        Employee and Director Stock Based CompensationThe fair value of stock-based compensation is determined at the grant date and the related expense is generally recognized over the required employee service period in which the share-based compensation vests.  For employees and Directors that meet retirement eligibility requirements, the expense related to stock-based compensation is recognized on the date of grant as there is no service period required to vest in the awards.  The following table presents the pre-tax expense associated with the fair value of stock awards included in SG&A expenses and in cost of sales:  

          For the Year Ended December 31,

          2024

          2023

          2022

          Cost of sales
          $
          3.9

          $
          3.4

          $
          2.5

          Selling, general and administrative expenses
           
          56.2

          61.5

          30.1

          Total
          $
          60.1

          $
          64.9

          $
          32.6

         Income TaxesIncome taxes are accounted for under the asset and liability method.  Deferred tax assets and liabilities are recognized to reflect the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the differences are expected to be recovered or settled.  Management provides a valuation allowance against deferred tax assets for amounts which are not considered “more likely than not” to be realized.  The Company records liabilities for potential assessments in various tax jurisdictions in accordance with GAAP.  The liabilities relate to tax return positions that, although supportable by the Company, may be challenged by the tax authorities and do not meet the minimum recognition threshold required under applicable accounting guidance for the related tax benefit to be recognized in the income statement.  The Company adjusts this liability as a result