Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 84

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 84
---
 guidance for the related tax benefit to be recognized on the income statement.  We adjust this liability as a result of changes in tax legislation, interpretations of laws by courts, guidance and rulings issued by tax authorities, changes in estimates and the expiration of the statute of limitations.  Many of the judgments involved in adjusting the liability involve assumptions and estimates that are highly uncertain and subject to change.  In this regard, settlement of any issue, or an adverse determination in litigation, with a taxing 

41

CHURCH & DWIGHT CO., INC AND SUBSIDIARIES(Dollars in millions, except share and per share data) 

authority could require the use of cash and result in an increase in our annual effective tax rate.  Conversely, favorable resolution of an issue with a taxing authority would be recognized as a reduction to our annual effective tax rate.  

New Accounting Pronouncements 

Refer to Note 1 to the Consolidated Financial Statements included in this Annual Report for recently adopted accounting pronouncements and recently issued accounting pronouncements not yet adopted as of December 31, 2024.

42

CHURCH & DWIGHT CO., INC AND SUBSIDIARIES(Dollars in millions, except share and per share data) 

RESULTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 

The discussion of consolidated results of operations presented below is followed by a more detailed discussion of results of operations by segment.  This section of this Form 10-K generally discusses 2024 and 2023 results and year-to-year comparisons between 2024 and 2023.  Discussions of 2022 items and year-to-year comparisons between 2023 and 2022 that are not included in this Form 10-K can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2023. The segment discussion also addresses certain product line information.  Our operating segments are consistent with our reportable segments.  

Consolidated results 

2024 compared to 2023

    Twelve Months Ended

    Change vs.
     
    Twelve Months Ended

    December 31, 2024

    Prior Year
     
    December 31, 2023

    Net Sales
    $
    6,107.1

    4.1%
     
    $