XML 66 R46.htm IDEA: XBRL DOCUMENT v3.20.4
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information
  Total First
Quarter
 Second
Quarter
Third
Quarter
Fourth
Quarter
 
2020        
Net sales$16,471  $4,097  $3,897 $4,153 $4,324  
Gross profit10,017 
(1)
2,465 
(3)
2,369 2,540 2,643 
Net income including noncontrolling interests
2,860 
(2)
748 
(4)
675 745 
(5)
692 
(6)
Net income attributable to Colgate-Palmolive Company
2,695 
(2)
715 
(4)
635 698 
(5)
647 
(6)
Earnings per common share:   
Basic3.15 
(2)
0.83 
(4)
0.74 0.81 
(5)
0.76 
(6)
Diluted3.14 
(2)
0.83 
(4)
0.74 0.81 
(5)
0.75 
(6)
2019          
Net sales$15,693  $3,884 $3,866 $3,928 $4,015 
Gross profit9,325 
(7)
2,287 
(9)
2,308 
(11)
2,316 
(13)
2,414 
(15)
Net income including noncontrolling interests
2,527 
(8)
600 
(10)
618 
(12)
627 
(14)
682 
(16)
Net income attributable to Colgate-Palmolive Company
2,367 
(8)
560 
(10)
586 
(12)
578 
(14)
643 
(16)
Earnings per common share:
Basic2.76 
(8)
0.65 
(10)
0.68 
(12)
0.67 
(14)
0.75 
(16)
Diluted2.75 
(8)
0.65 
(10)
0.68 
(12)
0.67 
(14)
0.75 
(16)
____________
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 2020 includes a $4 charge for acquisition-related costs.
(2)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2020 include aftertax benefits of $13 resulting from the Global Growth and Efficiency Program, a $4 aftertax charge for acquisition-related costs, a $71 tax benefit related to subsidiary and operating structure initiatives and a $18 aftertax loss on the early extinguishment of debt.
(3)Gross profit for the first quarter of 2020 includes a $4 charge for acquisition-related costs.
(4)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the first quarter of 2020 include a $4 aftertax charge for acquisition-related costs and a $71 tax benefit related to subsidiary and operating structure initiatives.
(5)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2020 include aftertax benefits of $13 resulting from 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 fourth quarter of 2020 include a $18 aftertax loss on the early extinguishment of debt.
(7)Gross profit for the full year of 2019 includes $8 of charges resulting from the Global Growth and Efficiency Program and a $3 charge for acquisition-related costs.
(8)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2019 include $102 of aftertax charges resulting from the Global Growth and Efficiency Program, a $20 aftertax charge for acquisition-related costs, a $20 aftertax benefit related to a value added tax matter in Brazil and a $29 tax benefit related to Swiss income tax reform.
(9)Gross profit for the first quarter of 2019 includes $11 of charges resulting from 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 first quarter of 2019 include $22 of aftertax charges resulting from the Global Growth and Efficiency Program.
(11)Gross profit for the second quarter of 2019 includes $3 of charges resulting from 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 second quarter of 2019 include $31 of aftertax charges resulting from the Global Growth and Efficiency Program.
(13)Gross profit for the third quarter of 2019 includes $1 of charges resulting from 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 third quarter of 2019 include $22 of aftertax charges resulting from the Global Growth and Efficiency Program and a $14 aftertax charge related to U.S. tax reform.
(15)Gross profit for the fourth quarter of 2019 includes $1 of benefit resulting from the Global Growth and Efficiency Program and a $3 charge for acquisition-related costs.
(16)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the fourth quarter of 2019 include $27 of aftertax charges resulting from the Global Growth and Efficiency Program, a $6 charge for acquisition-related costs, a $20 aftertax benefit related to a value added tax matter in Brazil and a $29 tax benefit related to Swiss income tax reform.