Supplemental Other Comprehensive Income (Loss) Information

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Supplemental Other Comprehensive Income (Loss) Information

Supplemental Other Comprehensive Income (Loss) Information

Other comprehensive income (loss) components attributable to Colgate-Palmolive Company before tax and net of tax during the years ended December 31 were as follows:

	2023		2022		2021
Cumulative translation adjustments, pre-tax	$	127	$	(113)	$	(99)
Tax amounts	13		(29)		(92)
Cumulative translation adjustments, net of tax	140		(142)		(191)
Pension and other benefits:
Net actuarial gain (loss), prior service costs and settlements    during the period	(49)		466		102
Amortization of net actuarial loss, transition and prior service costs(1)	30		62		82
Retirement Plan and other retiree benefit adjustments, pre-tax	(19)		528		184
Tax amounts	3		(115)		(50)
Retirement Plan and other retiree benefit adjustments, net of tax	(16)		413		134
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	(6)		100		13
Reclassification of (gains) losses into net earnings on cash flow hedges(2)	(4)		(20)		7
Gains (losses) on cash flow hedges, pre-tax	(10)		80		20
Tax amounts	3		(20)		(4)
Gains (losses) on cash flow hedges net of tax	(7)		60		16
Total Other comprehensive income (loss), net of tax	$	117	$	331	$	(41)

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(1)These components of Other comprehensive income (loss) are included in the computation of total pension cost. See Note 10, Retirement Plans and Other Retiree Benefits for additional details.

(2)These (gains) losses are reclassified into Cost of sales. See Note 7, Fair Value Measurements and Financial Instruments for additional details.

There were no tax impacts on Other comprehensive income (loss) attributable to Noncontrolling interests.

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) is comprised of cumulative foreign currency translation gains and losses, unrecognized pension and other retiree benefit costs and unrealized gains and losses from derivative instruments designated as cash flow hedges. At December 31, 2023 and 2022, Accumulated other comprehensive income (loss) consisted primarily of aftertax unrecognized pension and other retiree benefit costs of $647 and $631, respectively, and aftertax cumulative foreign currency translation adjustments of $3,351 and $3,491, respectively. Foreign currency translation adjustments in 2023 primarily reflect gains from the Euro, Mexican Peso and Brazilian Real. Foreign currency translation adjustments in 2022 primarily reflect losses from the Euro, Indian Rupee and Colombian Peso.