CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 858	$ 832
Receivables (net of allowances of $71 and $78, respectively)	1,490	1,297
Inventories	2,012	1,692
Other current assets	800	576
Total current assets	5,160	4,397
Property, plant and equipment:
Cost	9,014	8,899
Less: Accumulated depreciation	(5,249)	(5,169)
Property, plant and equipment, net	3,765	3,730
Goodwill	3,238	3,284
Other intangible assets, net	2,314	2,462
Deferred income taxes	188	193
Other assets	1,046	974
Total assets	15,711	15,040
Current Liabilities
Notes and loans payable	16	39
Current portion of long-term debt	13	12
Accounts payable	1,507	1,479
Accrued income taxes	390	436
Other accruals	2,469	2,085
Total current liabilities	4,395	4,051
Long-term debt	7,957	7,194
Deferred income taxes	426	395
Other liabilities	2,375	2,429
Total liabilities	15,153	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	3,402	3,269
Retained earnings	24,342	24,350
Accumulated other comprehensive income (loss)	(4,306)	(4,386)
Unearned compensation	0	(1)
Treasury stock, at cost	(24,736)	(24,089)
Total Colgate-Palmolive Company shareholders’ equity	168	609
Noncontrolling interests	390	362
Total equity	558	971
Total liabilities and equity	$ 15,711	$ 15,040