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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,110 $ 966
Receivables (net of allowances of $84 and $80, respectively) 1,825 1,586
Inventories 1,922 1,934
Other current assets 789 793
Total current assets 5,646 5,279
Property, plant and equipment:    
Cost 10,167 10,286
Less: Accumulated depreciation (5,775) (5,704)
Property, plant and equipment, net 4,392 4,582
Goodwill 3,320 3,410
Other intangible assets, net 1,814 1,887
Deferred income taxes 214 214
Other assets 1,094 1,021
Total assets 16,480 16,393
Current Liabilities    
Notes and loans payable 509 310
Current portion of long-term debt 21 20
Accounts payable 1,557 1,698
Accrued income taxes 399 336
Other accruals 2,864 2,377
Total current liabilities 5,350 4,741
Long-term debt 8,146 8,219
Deferred income taxes 355 361
Other liabilities 2,147 2,115
Total liabilities 15,998 15,436
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 4,035 3,808
Retained earnings 25,486 25,289
Accumulated other comprehensive income (loss) (4,128) (3,937)
Treasury stock, at cost (26,736) (26,017)
Total Colgate-Palmolive Company shareholders’ equity 123 609
Noncontrolling interests 359 348
Total equity 482 957
Total liabilities and equity $ 16,480 $ 16,393