Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 112

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 112
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 in market circumstances occur.  Research and Development The Company incurred research and development expenses in the amount of $139.7, $122.4 and $110.0 in 2024, 2023 and 2022, respectively.  These expenses are included in SG&A expenses and are expensed as incurred.Earnings Per Share (“EPS”) Basic EPS is calculated based on income available to holders of the Company’s common stock (“Common Stock”) and the weighted-average number of shares outstanding during the reported period.  Diluted EPS includes dilution from potential Common Stock issuable pursuant to the exercise of outstanding stock options.  The following table sets forth a reconciliation of the weighted-average number of shares of Common Stock outstanding to the weighted-average number of shares outstanding on a diluted basis: 

          2024

          2023

          2022

          Weighted average common shares outstanding -  basic
           
          244.4

          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