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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net Sales $ 725.2 [1] $ 701.0 [1] $ 2,112.2 [1] $ 2,018.2 [1]
Cost of sales 397.7 391.1 1,179.2 1,120.2
Gross Profit 327.5 309.9 933.0 898.0
Marketing expenses 92.2 91.8 248.6 248.5
Selling, general and administrative expenses 89.9 91.8 273.9 274.3
Income from Operations 145.4 126.3 410.5 375.2
Equity in earnings of affiliates 2.4 2.9 7.3 8.3
Investment earnings 0.4 0.6 1.1 1.4
Other income, net 0.4 (1.6) 1.1 (0.8)
Interest expense (2.6) (2.2) (7.7) (7.5)
Income before Income Taxes 146.0 [2] 126.0 [2] 412.3 [2] 376.6 [2]
Income taxes 52.1 46.4 143.3 130.8
Net Income 93.9 79.6 269.0 245.8
Noncontrolling interest 0 0 0 0
Net Income attributable to Church & Dwight Co., Inc. $ 93.9 $ 79.6 $ 269.0 $ 245.8
Weighted average shares outstanding - Basic 139.5 143.7 140.4 143.3
Weighted average shares outstanding - Diluted 142.2 146.3 143.1 145.9
Net income per share - Basic $ 0.67 $ 0.55 $ 1.92 $ 1.72
Net income per share - Diluted $ 0.66 $ 0.54 $ 1.88 $ 1.68
Cash dividends per share $ 0.24 $ 0.17 $ 0.72 $ 0.51
[1] Intersegment sales from Consumer International to Consumer Domestic were $0.1 million and $1.2 million for the quarters ended September 30, 2012 and September 30, 2011, respectively, and were $1.9 million and $3.7 million for the nine months ended September 30, 2012 and September 30, 2011, respectively.
[2] In determining Income before Income Taxes, interest expense, investment earnings and other income (expense) were allocated among the segments based upon each segment's relative operating profit.