丘奇&德怀特 2024年度报告

FORM 10-K CHURCH & DWIGHT CO., INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☐ The aggregate market value of the voting and non-voting common equity held by non-affiliates as of June 30, 2024 (the last business day of theregistrant’s most recently completed second fiscal quarter) was approximately $24.7 billion. For purposes of making this calculation only, theregistrant excluded the shares of common stock (the “Common Stock”) of Church & Dwight Co., Inc. (the “Company”) held by directors, executiveofficers and beneficial owners of more than ten percent of the common stock. The aggregate market value is based on the closing price of such stockon the New York Stock Exchange on June 30, 2024. As of February 10, 2025, there were 245,969,881 shares of Common Stock outstanding. Documents Incorporated by Reference Certain provisions of the registrant’s definitive proxy statement to be filed not later than April 30, 2024 are incorporated by reference in Items 10through 14 of Part III of this Annual Report on Form 10-K (this “Annual Report”). CAUTIONARY NOTE ON FORWARD-LOOKING INFORMATION This Annual Report contains forward-looking statements, including, among others, statements relating to net sales andearnings growth; gross margin changes; trade and marketing spending; marketing expense as a percentage of net sales;sufficiency of cash flows from operations; earnings per share; the impact of new accounting pronouncements; costsavings programs; recessionary conditions; interest rates; inflation; consumer demand and spending; the effects ofcompetition; the effect of product mix; volume growth, including the effects of new product launches into new andexisting categories; the decline of condom usage; the Company’s hedge programs; the impact of foreign exchange, andcommodity price fluctuations; impairments and other charges; the Company’s investments in joint ventures; the impactof acquisitions and divestitures; capital expenditures; the Company’s effective tax rate; the impact of tax audits; taxchanges; the effect of the credit environment on the Company’s liquidity and capital resources; the Company’s fixedrate debt; compliance with covenants under the Company’s debt instruments; the Company’s commercial paperprogram; the Company’s current and anticipated future borrowing capacity to meet capital expenditure program costs;the Company’s share repurchase programs; payment of dividends; environmental and regulatory matters; theavailability and adequacy of raw materials, including trona reserves and the conversion of such reserves; and thecustomers and consumer acceptance of certain ingredients in our products. Other forward-looking statements in thisreport are generally identified by the use of such terms as “may,” “could,” “expect,” “intend,” “believe,” “plan,”“estimate,” “forecast,” “project,” “anticipate,” “to be,” “to make” or other comparable terms. These statementsrepresent the intentions, plans, expectations and beliefs of the Company, and are based on assumptions that theCompany believes are reasonable but may prove to be incorrect. In addition, these statements are subject to risks,uncertainties and other factors, many of which are outside the Company’s control and could cause actual results to differ materially from such forward-looking statements. Factors that could cause such differences include a decline inmarket growth, retailer distribution and consumer demand (as a result of, among other things, political, economic andmarketplace conditions and events), including those relating to the outbreak of contagious diseases; the impact of newregulations and legislation and change in regulatory priorities of the new U.S. presidential administration; transition to,and shifting economic policies in the United States; potential changes in export/import and trade laws, regulations andpolicies of the United States and other countries, including any increased trade restrictions or tariffs; increased orchanging regulation regarding the Company’s products