Basis of Presentation

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The condensed consolidated balance sheets as of June 30, 2019 and December 31, 2018, the condensed consolidated statements of income and comprehensive income for the three and six months ended June 30, 2019 and June 30, 2018, the condensed consolidated statements of cash flow for the six months ended June 30, 2019 and June 30, 2018 and condensed consolidated statements of stockholders’ equity for the three and six months ended June 30, 2019 and June 30, 2018 have been prepared by Church & Dwight Co., Inc. (the “Company”).  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at June 30, 2019 and results of operations and cash flows for all periods presented have been made.  

Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States have been condensed or omitted.  These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “Form 10-K”).  The results of operations for the period ended June 30, 2019 are not necessarily indicative of the operating results for the full year.  Certain prior period amounts previously included in Deferred and Other Long-term Liabilities have been reclassified to Business Acquisition Liabilities in the condensed consolidated balance sheet to conform to the presentation for the current period.

The Company incurred research and development expenses in the second quarter of 2019 and 2018 of $22.4 and $21.8, respectively.  The Company incurred research and development expenses in the first six months of 2019 and 2018 of $43.1 and $41.3, respectively.  These expenses are included in selling, general and administrative (“SG&A”) expenses.