Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 297

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 297
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 does not have any undistributed earnings of foreign subsidiaries that are considered to be indefinitely reinvested outside of the U.S.The Company has recorded liabilities in connection with uncertain tax positions, which, although supportable by the Company, may be challenged by tax authorities.  A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 

        2024

        2023

        2022

        Unrecognized tax benefits at January 1
         
        $
        5.1

        $
        5.8

        $
        4.7

        Gross increases - tax positions in current period

        0.9

        0.0

        2.4

        Gross increases - tax positions in prior period

        0.0

        0.0

        0.0

        Gross decreases - tax positions in prior period

        0.0

        0.0

        (0.1
        )

        Decreases due to settlements and payments

        0.0

        0.0

        0.0

        Lapse of statute of limitations

        (0.6
        )

        (0.7
        )

        (1.2
        )

        Unrecognized tax benefits at December 31
         
        $
        5.4

        $
        5.1

        $
        5.8

      Included in the balance of unrecognized tax benefits at December 31, 2024, 2023 and 2022 are $4.5, $4.2 and $4.8, respectively, of tax benefits that, if recognized, would affect the effective tax rate. Also included in the balance of unrecognized tax benefits at December 31, 2024, 2023 and 2022 are $0.9, $0.9 and $1.0, respectively, of tax benefits that, if recognized, would result in adjustments to deferred taxes.The Company is subject to U.S. federal income tax as well as income tax in multiple state and international jurisdictions.  The Company’s U.S. federal income tax returns are closed for tax years through 2020. The Company is currently under audit by several state taxing authorities for the years 2017 through 2022.  It is reasonably possible that a decrease of approximately $0.3 in the unrecognized tax benefits may occur within the next twelve months related to