Quarterly Financial Data (Unaudited)



	Total			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2017
Net sales	$	15,454		$	3,762		$	3,826		$	3,974		$	3,892
Gross profit	9,280		⁽¹⁾	2,269		⁽³⁾	2,300		⁽⁵⁾	2,383		⁽⁷⁾	2,328		⁽⁹⁾
Net income including noncontrolling interests	2,174		⁽²⁾	611		⁽⁴⁾	560		⁽⁶⁾	650		⁽⁸⁾	353		⁽¹⁰⁾
Net income attributable to Colgate-Palmolive Company	2,024		⁽²⁾	570		⁽⁴⁾	524		⁽⁶⁾	607		⁽⁸⁾	323		⁽¹⁰⁾
Earnings per common share:
Basic	2.30		⁽²⁾	0.64		⁽⁴⁾	0.59		⁽⁶⁾	0.69		⁽⁸⁾	0.37		⁽¹⁰⁾
Diluted	2.28		⁽²⁾	0.64		⁽⁴⁾	0.59		⁽⁶⁾	0.68		⁽⁸⁾	0.37		⁽¹⁰⁾

2016
Net sales	$	15,195		$	3,762		$	3,845		$	3,867		$	3,721
Gross profit	9,123		⁽¹¹⁾	2,248		⁽¹³⁾	2,304		⁽¹⁶⁾	2,324		⁽¹⁸⁾	2,247		⁽²⁰⁾
Net income including noncontrolling interests	2,586		⁽¹²⁾	574		⁽¹⁴⁾	638		⁽¹⁷⁾	746		⁽¹⁹⁾	628		⁽²¹⁾
Net income attributable to Colgate-Palmolive Company	2,441		⁽¹²⁾	533		^{(14) (15)}	600		⁽¹⁷⁾	702		⁽¹⁹⁾	606		⁽²¹⁾
Earnings per common share:
Basic	2.74		⁽¹²⁾	0.60		⁽¹⁴⁾	0.67		⁽¹⁷⁾	0.79		⁽¹⁹⁾	0.68		⁽²¹⁾
Diluted	2.72		⁽¹²⁾	0.59		⁽¹⁴⁾	0.67		⁽¹⁷⁾	0.78		⁽¹⁹⁾	0.68		⁽²¹⁾

____________


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


⁽¹⁾	Gross profit for the full year of 2017 includes $75 of charges related to the Global Growth and Efficiency Program.


⁽²⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2017 include $246 of aftertax charges related to the Global Growth and Efficiency Program and a $275 charge related to U.S. tax reform.


⁽³⁾	Gross profit for the first quarter of 2017 includes $14 of charges related to the Global Growth and Efficiency Program.


⁽⁴⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the first quarter of 2017 include $31 of aftertax charges related to the Global Growth and Efficiency Program.


⁽⁵⁾	Gross profit for the second quarter of 2017 includes $21 of charges related to the Global Growth and Efficiency Program.


⁽⁶⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2017 include $115 of aftertax charges related to the Global Growth and Efficiency Program.


⁽⁷⁾	Gross profit for the third quarter of 2017 includes $16 of charges related to the Global Growth and Efficiency Program.


⁽⁸⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2017 include $39 of aftertax charges related to the Global Growth and Efficiency Program.


⁽⁹⁾	Gross profit for the fourth quarter of 2017 includes $24 of charges related to the Global Growth and Efficiency Program.


⁽¹⁰⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the fourth quarter of 2017 include $61 of aftertax charges related to the Global Growth and Efficiency Program and a $275 charge related to U.S. tax reform.


⁽¹¹⁾	Gross profit for the full year of 2016 includes $46 of charges related to the Global Growth and Efficiency Program.

⁽¹²⁾

Net income including noncontrolling interests for the full year of 2016 includes $169 of aftertax charges related to the Global Growth and Efficiency 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 Global Growth and Efficiency Program, a $63 aftertax gain on the sale of land in Mexico, $11 of aftertax charges for a litigation matter and $35 of benefits from tax matters.


⁽¹³⁾	Gross profit for the first quarter of 2016 includes $8 of charges related to the Global Growth and Efficiency Program.


⁽¹⁴⁾	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 Global Growth and Efficiency Program.

⁽¹⁵⁾

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 utilize the above mentioned $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.


⁽¹⁶⁾	Gross profit for the second quarter of 2016 includes $12 of charges related to the Global Growth and Efficiency Program.


⁽¹⁷⁾	Net income including noncontrolling interests for the second quarter of 2016 includes $45 of aftertax charges related to the Global Growth and Efficiency Program. Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2016 include $44 of aftertax charges related to the Global Growth and Efficiency Program and a $13 benefit from a tax matter.


⁽¹⁸⁾	Gross profit for the third quarter of 2016 includes $11 of charges related to the Global Growth and Efficiency Program.


⁽¹⁹⁾	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 Global Growth and Efficiency Program, a $63 aftertax gain on the sale of land in Mexico, a $4 aftertax charge for a litigation matter and $22 of benefits from tax matters.


⁽²⁰⁾	Gross profit for the fourth quarter of 2016 includes $15 of charges related to the Global Growth and Efficiency Program.


⁽²¹⁾	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 Global Growth and Efficiency Program and a $7 aftertax charge for a litigation matter.