$CHD

CHURCH & DWIGHT CO INC /DE/

CIK:0000313927|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net Sales	$ 1,530.0	$ 1,506.3	$ 2,999.3	$ 2,973.4
Cost of sales	836.1	859.3	1,624.0	1,666.8
Gross Profit	693.9	647.0	1,375.3	1,306.6
Marketing expenses	165.3	157.1	304.7	293.7
Selling, general and administrative expenses	252.2	228.2	503.2	455.9
Income from Operations	276.4	261.7	567.4	557.0
Equity in earnings of affiliates	2.7	2.8	5.0	4.4
Interest income	1.4	9.2	3.9	18.5
Interest expense	(24.2)	(23.5)	(48.2)	(46.8)
Other income (expense), net	(0.4)	0.3	0.4	(0.5)
Income before Income Taxes	255.9	250.5	528.5	532.6
Income taxes	53.1	59.5	109.4	121.5
Net Income	$ 202.8	$ 191.0	$ 419.1	$ 411.1
Weighted average shares outstanding - Basic	236.7	244.7	236.6	245.2
Weighted average shares outstanding - Diluted	238.2	246.4	238.2	247.2
Net income per share - Basic	$ 0.86	$ 0.78	$ 1.77	$ 1.68
Net income per share - Diluted	0.85	0.78	1.76	1.66
Cash dividends per share	$ 0.31	$ 0.3	$ 0.62	$ 0.59

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flow From Operating Activities
Net income	$ 419.1	$ 411.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	43.6	45.1
Amortization expense	83.6	72.4
Deferred income taxes	4.4	(12.8)
Business exit related impairments	0.0	51.0
Equity in net earnings of affiliates	(5.0)	(4.4)
Distributions from unconsolidated affiliates	3.2	4.3
Non-cash compensation expense	42.6	30.2
Other	5.1	5.7
Subtotal	596.6	602.6
Change in assets and liabilities:
Accounts receivable	(5.9)	4.3
Inventories	(65.4)	(2.9)
Other current assets	(12.1)	(0.9)
Accounts payable	52.5	(13.5)
Accrued expenses	(105.2)	(149.6)
Income taxes payable	11.2	(12.9)
Other operating assets and liabilities, net	(10.1)	(10.6)
Change in Working Capital	(135.0)	(186.1)
Net Cash Provided By Operating Activities	461.6	416.5
Cash Flow From Investing Activities
Additions to property, plant and equipment	(61.8)	(39.0)
Acquisition, net of cash acquired	(300.0)	0.0
Other	(0.1)	(0.6)
Net Cash Used In Investing Activities	(361.9)	(39.6)
Cash Flow From Financing Activities
Payment of cash dividends	(145.8)	(145.0)
Purchase of treasury stock	0.0	(300.0)
Payment of business acquisition liability	(180.5)	(5.9)
Short-term debt borrowings (repayments)	49.9	0.0
Proceeds from stock options exercised	30.8	26.6
Other stock award activity	(5.7)	(2.5)
Other	(0.4)	0.0
Net Cash Used In Financing Activities	(251.7)	(426.8)
Effect of exchange rate changes on cash and cash equivalents	(2.2)	9.0
Net Change In Cash and Cash Equivalents	(154.2)	(40.9)
Cash and Cash Equivalents at Beginning of Period	409.0	964.1
Cash and Cash Equivalents at End of Period	254.8	923.2
Cash paid during the period for:
Interest (net of amounts capitalized)	47.7	46.6
Income taxes	92.6	146.7
Supplemental disclosure of non-cash investing activities:
Property, plant and equipment expenditures included in Accounts Payable	$ 10.2	$ 15.0

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 254.8	$ 409.0
Accounts receivable, less allowances of $2.6 and $3.7	596.8	593.4
Inventories	601.9	534.8
Other current assets	68.2	59.8
Total Current Assets	1,521.7	1,597.0
Property, Plant and Equipment, Net	826.5	822.8
Equity Investment in Affiliates	12.1	10.3
Trade Names and Other Intangibles, Net	3,743.1	3,511.5
Goodwill	2,649.9	2,627.5
Other Assets	352.4	343.3
Total Assets	9,105.7	8,912.4
Current Liabilities
Short-term borrowings	49.9	0.0
Accounts payable	775.9	732.4
Accrued expenses and other liabilities	481.9	583.0
Business acquisition and divestiture liabilities	14.6	178.9
Income taxes payable	4.9	3.4
Total Current Liabilities	1,327.2	1,497.7
Long-term Debt	2,206.3	2,205.1
Deferred Income Taxes	894.1	886.9
Deferred and Other Long-term Liabilities	330.3	320.5
Total Liabilities	4,757.9	4,910.2
Commitments and Contingencies
Stockholders' Equity
Preferred Stock, $1.00 par value, Authorized 2,500,000 shares; none issued	0.0	0.0
Common Stock, $1.00 par value, Authorized 600,000,000 shares and 293,709,982 shares issued as of June 30, 2026 and December 31, 2025	293.7	293.7
Additional paid-in capital	676.9	625.1
Retained earnings	7,040.3	6,768.2
Accumulated other comprehensive loss	(14.5)	(19.9)
Common stock in treasury, at cost: 56,573,080 shares as of June 30, 2026 and 57,156,105 shares as of December 31, 2025	(3,648.6)	(3,664.9)
Total Stockholders' Equity	4,347.8	4,002.2
Total Liabilities and Stockholders' Equity	$ 9,105.7	$ 8,912.4