CHD · 10-Q · 2026Q3 · Full report
Liquidity and Cash Position
CHURCH & DWIGHT CO INC /DE/ · 2026-10-30 · Importance 37 · Surprise 6 · Contradicted
At September 30, 2026, the company held $446.9 million in cash and cash equivalents and had approximately $1,993.0 million available through its revolving facility and commercial paper program. The unsecured revolving credit facility provides $2,000.0 million of commitments, with an option to increase to $2,750.0 million, and matures July 17, 2030 unless extended. The company had $425.0 million of 3.15% Senior Notes classified as current, due August 1, 2027. Nine-month operating cash flow was $841.2 million, down $10.8 million year over year; investing and financing used $402.7 million and $397.9 million, respectively.
Key facts
- The Company's credit agreement has lender commitments of $2,000.0 million, with an option to increase commitments to $2,750.0 million, and matures July 17, 2030 unless extended. source
- Operating cash flow for the first nine months of 2026 was $841.2 million, down $10.8 million from $852.0 million in the same 2025 period. source
- Net cash used in financing activities in the first nine months of 2026 was $397.9 million, including $219.6 million of dividends, $180.5 million of acquisition-liability payments and $37.1 million of treasury-stock purchases, partly offset by $46.9 million of stock-option exercise proceeds. source
- The Company's 3.15% Senior Notes have $425.0 million aggregate principal and mature August 1, 2027; they were classified as current debt at September 30, 2026. source
- Net cash provided by operating activities was $841.2 million in the first nine months of 2026, compared with $852.0 million in the same period of 2025. source
- As of September 30, 2026, the Company had $446.9 million in cash and cash equivalents and approximately $1,993.0 million available through its revolving credit facility and commercial paper program. source
- The Company does not anticipate current economic conditions will impair compliance with the Credit Agreement’s maximum leverage ratio covenant and expects to remain compliant. source
- The Company expects operating cash and current borrowing capacity to fund implemented share repurchases, debt and interest payments, dividends at the latest approved rate, and capital expenditures. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.3% | Net cash used in financing activities in the first nine months of 2026 was $397.9 million, including $219.6 million of dividends, $180.5… |
| cash | negative | committed | -3.9% | The Company's 3.15% Senior Notes have $425.0 million aggregate principal and mature August 1, 2027; they were classified as current debt… |
| liability | positive | committed | +3.9% | The Company's 3.15% Senior Notes have $425.0 million aggregate principal and mature August 1, 2027; they were classified as current debt… |
| cash | negative | realized | -0.1% | Operating cash flow for the first nine months of 2026 was $841.2 million, down $10.8 million from $852.0 million in the same 2025 period. |