Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 292

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 292
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 (38.4
        )

        Present value of lease liabilities
         
        $
        200.9

9.Accounts Payable, Accrued and Other Liabilities Accounts payable, accrued and other liabilities consist of the following:  

        December 31,

        December 31,

        2024

        2023

        Accounts payable
        $
        705.1

        $
        630.6

        Accrued marketing and promotion costs
         
        259.6

        276.7

        Accrued wages and related benefit costs
         
        151.4

        152.3

        Other accrued current liabilities
         
        194.5

        151.4

        Total
        $
        1,310.6

        $
        1,211.0

        In 2015, the Company initiated a Supply Chain Finance program (“SCF Program”). Under the SCF Program, qualifying suppliers may elect to sell their receivables from the Company for early payment. Participating suppliers negotiate their receivables sales arrangements directly with a third party. The Company is not party to those agreements and do not have an economic interest in the suppliers' decisions to sell their receivables and has not been required to pledge any assets as security nor to provide any guarantee to third-party finance providers or intermediaries. The SCF Program may allow suppliers to obtain more favorable terms than they could secure on their own. The terms of the Company's payment obligations are not impacted by a supplier’s participation in the SCF Program.  The Company's payment terms with suppliers are consistent between suppliers that elect to participate in the SCF Program and those that do not participate. As a result, the program does not have an impact to the Company's average days outstanding.The obligations outstanding related to the SCF program amount to $98.5 and $82.0 as of December 31, 2024 and 2023, respectively, and were recorded within Accounts Payable in the consolidated balance sheets.  Payments included in operating activities within the Company's Consolidated Statements of Cash Flows amounted to $388.7 and $387.1 in the years ended December 31, 2024 and 2023, respectively. 

74

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