Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 216

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 216
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 subject to change as business conditions change and therefore could impact fair value in the future.  

72

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

8.Leases The Company leases certain manufacturing facilities, warehouses, office space, railcars and equipment. Leases with an initial term of twelve months or less are not recorded on the consolidated balance sheet.  All recorded leases are classified as operating leases and lease expense is recognized on a straight-line basis over the lease term. For leases beginning in 2019, lease components (base rental costs) are accounted for separately from the nonlease components (e.g., common-area maintenance costs).  For leases that do not provide an implicit rate, the Company uses its estimated secured incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.  A summary of the Company’s lease information is as follows:  

        December 31,

        December 31,

        Classification
        2024

        2023

        Assets

        Right of use assets
        Other Assets
        $
        182.3

        $
        186.0

        Liabilities

        Current lease liabilities
        Accrued and Other Liabilities
        $
        32.4

        $
        24.7

        Long-term lease liabilities
        Deferred and Other Long-term Liabilities
         
        168.5

        174.9

        Total lease liabilities
         
        $
        200.9

        $
        199.6

        Other information

        Weighted-average remaining lease term (years)

        7.4

        8.1

        Weighted-average discount rate

        4.6
        %

        4.5
        %

        Twelve Months

        Twelve Months

        Twelve Months

        Ended

        Ended

        Ended

        December 31, 2024

        December 31, 2023

        December 31, 2022

        Statement of Income

        Lease cost(1)
         
        $
        40.2

        $
        31.7

        $
        31.0

        Twelve Months

        Twelve Months

        Ended

        Ended

        December 31, 2024

        December