Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 302

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 302
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 their regular compensation (i.e., salary) and, in general, up to 85% of their incentive bonus.  As of January 1, 2024, the limit was decreased from 85% to a maximum of 70% for both regular compensation and incentive bonus.  The amounts deferred under this plan are credited with earnings or losses based upon changes in values of notional investments selected by the plan participant.  The investment options available include notional investments in various stock, bond and money market funds as well as the Company’s Common Stock.  Each plan participant is fully vested in the amounts the participant defers.  The plan permits the Company to make profit sharing contributions that cannot otherwise be contributed to the qualified savings and profit-sharing plan due to limitations established by the Internal Revenue Service.  These contributions vest under the same vesting schedule applicable to the qualified plan.The liability to plan participants for contributions designated for notional investment in Common Stock is based on the quoted fair value of the Common Stock plus any dividends credited.  The Company uses cash-settled hedging instruments to minimize the cost related to the volatility of Common Stock.  At December 31, 2024 and 2023, the amount of the Company’s liability under the deferred compensation plan is included in Current and Deferred and Other Long-term Liabilities and was $135.8 and $118.2, respectively and the funded balances recorded in Other Assets amounted to $127.2 and $112.9, respectively.  The amounts charged to earnings, including the effect of the hedges, totaled expense of $2.0, $3.7 and $1.2 in 2024, 2023 and 2022, respectively.Non-employee members of the Company’s Board are eligible to defer up to 100% of their directors’ compensation into a similar plan; however, the only option for investment is Common Stock.  Members of the Board are fully vested in their account balance.  As of December 31, 2024, there were approximately 88,000 shares of Common Stock from shares held as Treasury Stock in a rabbi trust to protect the interest of the directors’ deferred compensation plan participants in the event of a change of control.

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

13.Share Repurchases 	On October 28