Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 222

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 222
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 6.8

        2.9

        Valuation Allowances

        2.1

        0.0

        (4.1
        )

        Stock Options Exercised

        (23.0
        )

        (21.8
        )

        (5.2
        )

        Reserve for Uncertain Tax Position

        0.3

        (0.3
        )

        (0.9
        )

        Other

        2.6

        (6.1
        )

        1.6

        Recorded tax expense
         
        $
        171.0

        $
        211.8

        $
        109.4

        Effective tax rate

        22.6
        %

        21.9
        %

        20.9
        %
       
       At December 31, 2024 and 2023, respectively, certain foreign subsidiaries of the Company had net operating loss carryforwards of approximately $8.3 and $9.0, which are not subject to expiration.  The Company believes that it is more likely than not that the benefit from these net operating loss carryforwards will not be realized.  In recognition of this risk, the Company has provided a valuation allowance of $8.3 and $9.0 at December 31, 2024 and 2023, respectively, on the deferred tax asset relating to these net operating loss carryforwards.     The Company also believes that it is more likely than not that the benefit from certain additional deferred tax assets of a foreign subsidiary will not be realized.  In recognition of this risk, the Company maintains a valuation allowance of $0.7 and $0.8 at December 31, 2024 and 2023, respectively, on these deferred tax assets.    The Company has foreign tax credit carryforwards of approximately $5.2 and $2.1 as of December 31, 2024 and 2023, respectively. The Company believes that it is more likely than not that the benefit from the foreign tax credit carryforwards as of December 31, 2024 will not be realized. In recognition of this risk, the Company has provided a valuation allowance of $5.2 and $0.0 at December 31, 2024 and 2023, respectively, on the deferred tax asset relating to these foreign tax credit carryforwards. The Company