

	Total			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2016
Net sales	$	15,195		$	3,762		$	3,845		$	3,867		$	3,721
Gross profit	9,123		⁽¹⁾	2,248		⁽³⁾	2,304		⁽⁶⁾	2,324		⁽⁸⁾	2,247			⁽¹⁰⁾
Net income including noncontrolling interests	2,586		⁽²⁾	574		⁽⁴⁾	638		⁽⁷⁾	746		⁽⁹⁾	628			⁽¹¹⁾
Net income attributable to Colgate-Palmolive Company	2,441		⁽²⁾	533		^{(4) (5)}	600		⁽⁷⁾	702		⁽⁹⁾	606			⁽¹¹⁾
Earnings per common share:
Basic	2.74		⁽²⁾	0.60		⁽⁴⁾	0.67		⁽⁷⁾	0.79		⁽⁹⁾	0.68			⁽¹¹⁾
Diluted	2.72		⁽²⁾	0.59		⁽⁴⁾	0.67		⁽⁷⁾	0.78		⁽⁹⁾	0.68			⁽¹¹⁾

2015
Net sales	$	16,034		$	4,070		$	4,066		$	3,999		$	3,899
Gross profit	9,399		⁽¹²⁾	2,392		⁽¹⁴⁾	2,367		⁽¹⁶⁾	2,347		⁽¹⁸⁾	2,293			⁽²⁰⁾
Net income (loss) including noncontrolling interests	1,548		⁽¹³⁾	583		⁽¹⁵⁾	616		⁽¹⁷⁾	770		⁽¹⁹⁾	(421		)	⁽²¹⁾
Net income (loss) attributable to Colgate-Palmolive Company	1,384		⁽¹³⁾	542		⁽¹⁵⁾	574		⁽¹⁷⁾	726		⁽¹⁹⁾	(458		)	⁽²¹⁾
Earnings (loss) per common share:
Basic	1.53		⁽¹³⁾	0.60		⁽¹⁵⁾	0.63		⁽¹⁷⁾	0.81		⁽¹⁹⁾	(0.51		)	⁽²¹⁾
Diluted	1.52		⁽¹³⁾	0.59		⁽¹⁵⁾	0.63		⁽¹⁷⁾	0.80		⁽¹⁹⁾	(0.51		)	^{(21) (22)}

____________


Note:	Basic and diluted earnings (loss) per share are computed independently for each quarter and the year-to-date period presented. Accordingly, the sum of the quarterly earnings (loss) per common share may not necessarily equal the earnings (loss) per share for the year-to-date period.


⁽¹⁾	Gross profit for the full year of 2016 includes $46 of charges related to the 2012 Restructuring Program.

⁽²⁾

Net income including noncontrolling interests for the full year of 2016 includes $169 of aftertax charges related to the 2012 Restructuring Program. Net income attributable to Colgate-Palmolive Company and earnings per common share for the full year of 2016 include $168 of aftertax charges related to the 2012 Restructuring Program, a $63 aftertax gain on the sale of land in Mexico, $11 of aftertax charges for a previously disclosed litigation matter and $35 of benefits from previously disclosed tax matters.


⁽³⁾	Gross profit for the first quarter of 2016 includes $8 of charges related to the 2012 Restructuring Program.


⁽⁴⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the first quarter of 2016 include $38 of aftertax charges related to the 2012 Restructuring Program.

⁽⁵⁾

In the first quarter of 2016, provision for income taxes included a $210 U.S. income tax benefit principally related to changes in Venezuela’s foreign exchange regime implemented in March 2016. In order to fully recognize the $210 tax benefit in 2016, the Company repatriated an incremental $1,500 of earnings of foreign subsidiaries it previously considered indefinitely reinvested outside of the U.S., and accordingly, recorded a tax charge of $210 during the first quarter of 2016. See Note 11, Income Taxes.


⁽⁶⁾	Gross profit for the second quarter of 2016 includes $12 of charges related to the 2012 Restructuring Program.

⁽⁷⁾

Net income including noncontrolling interests for the second quarter of 2016 includes $45 of aftertax charges related to the 2012 Restructuring Program and a $13 benefit from a previously disclosed tax matter. Net income attributable to Colgate-Palmolive Company and earnings per common share include $44 of aftertax charges related to the 2012 Restructuring Program and a $13 benefit from a previously disclosed tax matter.


⁽⁸⁾	Gross profit for the third quarter of 2016 includes $11 of charges related to the 2012 Restructuring Program.

⁽⁹⁾

Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the third quarter of 2016 include $32 of aftertax charges related to the 2012 Restructuring Program, a $63 aftertax gain on the sale of land in Mexico, a $4 aftertax charge for a previously disclosed litigation matter and $22 of benefits from previously disclosed tax matters.


⁽¹⁰⁾	Gross profit for the fourth quarter of 2016 includes $15 of charges related to the 2012 Restructuring Program.


⁽¹¹⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the fourth quarter of 2016 include $54 of aftertax charges related to the 2012 Restructuring Program and a $7 aftertax charge for a previously disclosed litigation matter.


⁽¹²⁾	Gross profit for the full year of 2015 includes $20 of charges related to the 2012 Restructuring Program.

⁽¹³⁾

Net income (loss) including noncontrolling interests for the full year of 2015 includes $185 of aftertax charges related to the 2012 Restructuring Program. Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the full year of 2015 include a $1,058 aftertax charge related to the deconsolidation of the Company’s Venezuelan operations, $183 of aftertax charges related to the 2012 Restructuring Program, $22 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of effective devaluations, a $120 aftertax gain on the sale of the Company’s laundry detergent business in the South Pacific, a $15 charge for a previously disclosed tax matter and a $14 aftertax charge for a previously disclosed litigation matter.


⁽¹⁴⁾	Gross profit for the first quarter of 2015 includes $4 of charges related to the 2012 Restructuring Program.


⁽¹⁵⁾	Net income (loss) including noncontrolling interests for the first quarter of 2015 includes $69 of aftertax charges related to the 2012 Restructuring Program. Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share include $67 of aftertax charges related to the 2012 Restructuring Program.


⁽¹⁶⁾	Gross profit for the second quarter of 2015 includes $4 of charges related to the 2012 Restructuring Program.

⁽¹⁷⁾

Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the second quarter of 2015 include $40 of aftertax charges related to the 2012 Restructuring Program, $10 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and a $15 charge for a previously disclosed tax matter.


⁽¹⁸⁾	Gross profit for the third quarter of 2015 includes $3 of charges related to the 2012 Restructuring Program.

⁽¹⁹⁾

Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss)per common share for the third quarter of 2015 include $35 of aftertax charges related to the 2012 Restructuring Program, $12 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and a $120 aftertax gain on sale of the Company’s laundry detergent business in the South Pacific.


⁽²⁰⁾	Gross profit for the fourth quarter of 2015 includes $9 of charges related to the 2012 Restructuring Program.

⁽²¹⁾

Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the fourth quarter of 2015 include a $1,058 aftertax charge related to the deconsolidation of the Company’s Venezuelan operations, $41 of aftertax charges related to the 2012 Restructuring Program and a $14 aftertax charge for a previously disclosed litigation matter.


⁽²²⁾	The computation for Diluted (loss) per common share for the fourth quarter of 2015 excludes 6.6 million of incremental common shares outstanding during the period as they were anti-dilutive.