XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
$ in Millions
3 Months Ended
Mar. 31, 2018
USD ($)
Dividend
$ / shares
Mar. 31, 2017
USD ($)
Dividend
$ / shares
Income Statement [Abstract]    
Net sales $ 4,002 $ 3,762 [1]
Cost of sales 1,594 1,493 [1]
Gross profit 2,408 2,269 [1]
Selling, general and administrative expenses 1,392 1,336 [1]
Other (income) expense, net 33 21 [1]
Operating profit 983 912 [1]
Non-service related postretirement costs 24 27 [1]
Interest (income) expense, net 35 23 [1]
Income before income taxes 924 862 [1]
Provision for income taxes 246 251 [1]
Net income including noncontrolling interests 678 611 [1]
Less: Net income attributable to noncontrolling interests 44 41 [1]
Net income attributable to Colgate-Palmolive Company $ 634 $ 570 [1]
Earnings per common share, basic (in dollars per share) | $ / shares $ 0.72 $ 0.64 [1]
Earnings per common share, diluted (in dollars per share) | $ / shares 0.72 0.64 [1]
Dividends declared per common share (in dollars per share) | $ / shares [2] $ 0.82 $ 0.79 [1]
Number of dividends declared per quarter (in dividends) | Dividend 2 2
[1] Prior year amounts have been reclassified to conform to the current year presentation as a result of the adoption of Accounting Standards Update (“ASU”) No. 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” For further information regarding the impact of the reclassification, see Note 1, Basis of Presentation, Note 3, Recent Accounting Pronouncements and Updated Accounting Policies and Note 13, Segment Information to the Condensed Consolidated Financial Statements.
[2] Two dividends were declared in the first quarter of 2018 and 2017.