CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 877	$ 832
Receivables (net of allowances of $80 and $78, respectively)	1,532	1,297
Inventories	1,924	1,692
Other current assets	656	576
Total current assets	4,989	4,397
Property, plant and equipment:
Cost	9,043	8,899
Less: Accumulated depreciation	(5,291)	(5,169)
Property, plant and equipment, net	3,752	3,730
Goodwill	3,292	3,284
Other intangible assets, net	2,415	2,462
Deferred income taxes	193	193
Other assets	1,082	974
Total assets	15,723	15,040
Current Liabilities
Notes and loans payable	7	39
Current portion of long-term debt	12	12
Accounts payable	1,582	1,479
Accrued income taxes	473	436
Other accruals	2,492	2,085
Total current liabilities	4,566	4,051
Long-term debt	7,588	7,194
Deferred income taxes	379	395
Other liabilities	2,462	2,429
Total liabilities	14,995	14,069
Shareholders’ Equity
Common stock, $1 par value (2,000,000,000 shares authorized, 1,465,706,360 shares issued)	1,466	1,466
Additional paid-in capital	3,355	3,269
Retained earnings	24,149	24,350
Accumulated other comprehensive income (loss)	(4,248)	(4,386)
Unearned compensation	0	(1)
Treasury stock, at cost	(24,401)	(24,089)
Total Colgate-Palmolive Company shareholders’ equity	321	609
Noncontrolling interests	407	362
Total equity	728	971
Total liabilities and equity	$ 15,723	$ 15,040