Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 176

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 176
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Other income increased $9.6 in 2024 as compared to 2023 primarily due to the sale of our 50% interest in Armakleen to our joint venture partner.  

Taxation

The 2024 effective income tax rate was 22.6% compared to 21.9% in 2023. The increase in the rate is due to lower stock option benefits related to executive compensation and other non-recurring tax items.

Segment results for 2024, 2023 and 2022 

We operate three reportable segments: Consumer Domestic, Consumer International and SPD.  These segments are determined based on differences in the nature of products and organizational and ownership structures.  We also have a Corporate segment.

    Segment
    Products / Other

    Consumer Domestic
    Household and personal care products

    Consumer International
    Primarily personal care products

    SPD
    Specialty Products

    Corporate
    Equity in earnings of affiliates

44

CHURCH & DWIGHT CO., INC AND SUBSIDIARIES(Dollars in millions, except share and per share data) 

Segment net sales and income from operations for each of the three years ended December 31, 2024, 2023 and 2022 were as follows: 

    Consumer

    Consumer

    Domestic

    International

    SPD

    Total

    Net Sales

    2024
    $
    4,732.3

    $
    1,071.5

    $
    303.3

    $
    6,107.1

    2023
     
    4,571.2

    975.7

    321.0

    5,867.9

    2022
     
    4,131.0

    896.1

    348.5

    5,375.6

    Income from Operations

    2024(1)
    $
    684.9

    $
    83.1

    $
    39.1

    $
    807.1

    2023
     
    929.7

    104.2

    23.5

    1,057.4

    2022(2)
     
    499.1

    46.2

    52.5

    597.8

(1)202