Portfolio of well-recognized, market-leading household and personal care brands, with a good mix of value and premium products. Strong and consistent profitability. Successful acquisition track record. Some products that compete with brands owned by large global consumer product companies with significant brand equity and financial resources. Limited geographical diversity outside of North America and some concentration within the laundry segment. Some exposure to commodity cost volatility. Historically conservative financial policy and low financial leverage, though Standard&Poor's Ratings Services believes there is moderate large scale, debt-financed acquisition risk that can lead to a gradual increase in leverage. Solid free cash flow generation. Strong liquidity. The stable rating outlook on Ewing, N.J.-based Church&Dwight Co. Inc. (C&D) reflects our
