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; Some concentration within the highly competitive laundry segment; and Some exposure to commodity cost volatility. Historically conservative financial policy and low financial leverage, though S&P Global Ratings believes there is moderate large scale, debt-financed acquisition risk that could lead to a gradual increase in leverage; Solid free cash flow generation; and Strong liquidity. The stable outlook on Ewing, N.J.-based Church&Dwight Co. Inc. (C&D) reflects our opinion that the company's performance will remain