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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
  
Total
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
2018
 
 
 
 
 
 
 
 
 
 
Net sales
$
15,544

 
$
4,002

 
$
3,886

 
$
3,845

 
$
3,811

 
Gross profit
9,231

(1) 
2,408

(3) 
2,301

(5) 
2,269

(7) 
2,253

(9) 
Net income including noncontrolling interests
2,558

(2) 
678

(4) 
675

(6) 
562

(8) 
643

(10) 
Net income attributable to Colgate-Palmolive Company
2,400

(2) 
634

(4) 
637

(6) 
523

(8) 
606

(10) 
Earnings per common share:
 
 
 
 
 
 
 
 
 
 
Basic
2.76

(2) 
0.72

(4) 
0.73

(6) 
0.60

(8) 
0.70

(10) 
Diluted
2.75

(2) 
0.72

(4) 
0.73

(6) 
0.60

(8) 
0.70

(10) 
 
 
 
 
 
 
 
 
 
 
 
2017
 

 
 

 
 

 
 

 
 

 
Net sales
$
15,454

 
$
3,762

 
$
3,826

 
$
3,974

 
$
3,892

 
Gross profit
9,280

(11) 
2,269

(13) 
2,300

(15) 
2,383

(17) 
2,328

(19) 
Net income including noncontrolling interests
2,174

(12) 
611

(14) 
560

(16) 
650

(18) 
353

(20) 
Net income attributable to Colgate-Palmolive Company
2,024

(12) 
570

(14) 
524

(16) 
607

(18) 
323

(20) 
Earnings per common share:
 

 
 
 
 
 
 
 
 

 
Basic
2.30

(12) 
0.64

(14) 
0.59

(16) 
0.69

(18) 
0.37

(20) 
Diluted
2.28

(12) 
0.64

(14) 
0.59

(16) 
0.68

(18) 
0.37

(20) 

____________
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 2018 includes $31 of charges related to the Global Growth and Efficiency Program.
(2) 
Net income including noncontrolling interests for the full year of 2018 includes $124 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 2018 include $125 of aftertax charges related to the Global Growth and Efficiency Program, an $80 charge related to U.S. tax reform and a $15 benefit from a foreign tax matter.
(3) 
Gross profit for the first quarter of 2018 includes $6 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 2018 include $20 of aftertax charges related to the Global Growth and Efficiency Program.
(5) 
Gross profit for the second quarter of 2018 includes $5 of charges related to the Global Growth and Efficiency Program.
(6) 
Net income including noncontrolling interests for the second quarter of 2018 includes $48 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 2018 include $51 of aftertax charges related to the Global Growth and Efficiency Program and a $15 benefit from a foreign tax matter.
(7) 
Gross profit for the third quarter of 2018 includes $8 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 2018 include $22 of aftertax charges related to the Global Growth and Efficiency Program and an $80 charge related to U.S. tax reform.
(9) 
Gross profit for the fourth quarter of 2018 includes $12 of charges related to the Global Growth and Efficiency Program.
(10) 
Net income including noncontrolling interests for the fourth quarter of 2018 includes $34 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 fourth quarter of 2018 include $32 of aftertax charges related to the Global Growth and Efficiency Program.
(11) 
Gross profit for the full year of 2017 includes $75 of charges related to the Global Growth and Efficiency Program.
(12) 
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.
(13) 
Gross profit for the first quarter of 2017 includes $14 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 2017 include $31 of aftertax charges related to the Global Growth and Efficiency Program.
(15) 
Gross profit for the second quarter of 2017 includes $21 of charges related to the Global Growth and Efficiency Program.
(16) 
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.
(17) 
Gross profit for the third quarter of 2017 includes $16 of charges related to the Global Growth and Efficiency Program.
(18) 
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.
(19) 
Gross profit for the fourth quarter of 2017 includes $24 of charges related to the Global Growth and Efficiency Program.
(20) 
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.