XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 17,277us-gaap_SalesRevenueNet $ 17,420us-gaap_SalesRevenueNet $ 17,085us-gaap_SalesRevenueNet
Cost of sales 7,168us-gaap_CostOfRevenue 7,219us-gaap_CostOfRevenue 7,153us-gaap_CostOfRevenue
Gross profit 10,109us-gaap_GrossProfit [1] 10,201us-gaap_GrossProfit [2] 9,932us-gaap_GrossProfit
Selling, general and administrative expenses 5,982us-gaap_SellingGeneralAndAdministrativeExpense 6,223us-gaap_SellingGeneralAndAdministrativeExpense 5,930us-gaap_SellingGeneralAndAdministrativeExpense
Other (income) expense, net 570us-gaap_OtherOperatingIncomeExpenseNet 422us-gaap_OtherOperatingIncomeExpenseNet 113us-gaap_OtherOperatingIncomeExpenseNet
Operating profit 3,557us-gaap_OperatingIncomeLoss 3,556us-gaap_OperatingIncomeLoss 3,889us-gaap_OperatingIncomeLoss
Interest (income) expense, net 24cl_InterestExpenseNet (9)cl_InterestExpenseNet 15cl_InterestExpenseNet
Income before income taxes 3,533us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,565us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,874us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 1,194us-gaap_IncomeTaxExpenseBenefit 1,155us-gaap_IncomeTaxExpenseBenefit 1,243us-gaap_IncomeTaxExpenseBenefit
Net income including noncontrolling interests 2,339us-gaap_ProfitLoss [3] 2,410us-gaap_ProfitLoss [4] 2,631us-gaap_ProfitLoss
Net Income (Loss) Attributable to Noncontrolling Interest 159us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 169us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 159us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Colgate-Palmolive Company $ 2,180us-gaap_NetIncomeLoss [3] $ 2,241us-gaap_NetIncomeLoss [4] $ 2,472us-gaap_NetIncomeLoss
Earnings per common share, basic $ 2.38us-gaap_EarningsPerShareBasic [3] $ 2.41us-gaap_EarningsPerShareBasic [4] $ 2.60us-gaap_EarningsPerShareBasic
Earnings per common share, diluted $ 2.36us-gaap_EarningsPerShareDiluted [3] $ 2.38us-gaap_EarningsPerShareDiluted [4] $ 2.57us-gaap_EarningsPerShareDiluted
[1] Gross profit for the full year of 2014 includes $29 of charges related to the 2012 Restructuring Program and $4 of costs related to the sale of land in Mexico.
[2] Gross profit for the full year of 2013 includes $32 of charges related to the 2012 Restructuring Program and $15 of costs related to the sale of land in Mexico.
[3] Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the full year of 2014 include $208 of aftertax charges related to the 2012 Restructuring Program, $214 of aftertax charges related to the 2014 Venezuela Remeasurements, $41 of charges for European competition law matters, $3 of aftertax costs related to the sale of land in Mexico and a $66 charge for a foreign tax matter.
[4] Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the full year of 2013 include $278 of aftertax charges related to the 2012 Restructuring Program, a $111 aftertax charge related to the 2013 Venezuela Remeasurement, a $23 charge for a European competition law matter and $12 of aftertax costs related to the sale of land in Mexico.