XML 92 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
  
Total
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
2014
 
 
 
 
 
 
 
 
 
 
Net sales
$
17,277

 
$
4,325

 
$
4,352

 
$
4,379

 
$
4,221

 
Gross profit
10,109

(1) 
2,524

(3) 
2,552

(5) 
2,558

(7) 
2,475

(9) 
Net income including noncontrolling interests
2,339

(2) 
432

(4) 
661

(6) 
580

(8) 
666

(10) 
Net income attributable to Colgate-Palmolive Company
2,180

(2) 
388

(4) 
622

(6) 
542

(8) 
628

(10) 
Earnings per common share:
 
 
 
 
 
 
 
 
 
 
Basic
2.38

(2) 
0.42

(4) 
0.68

(6) 
0.59

(8) 
0.69

(10) 
Diluted
2.36

(2) 
0.42

(4) 
0.67

(6) 
0.59

(8) 
0.68

(10) 
 
 
 
 
 
 
 
 
 
 
 
2013
 

 
 

 
 

 
 

 
 

 
Net sales
$
17,420

 
$
4,315

 
$
4,346

 
$
4,398

 
$
4,361

 
Gross profit
10,201

(11) 
2,515

(13) 
2,534

(15) 
2,585

(17) 
2,567

(19) 
Net income including noncontrolling interests
2,410

(12) 
506

(14) 
604

(16) 
699

(18) 
601

(20) 
Net income attributable to Colgate-Palmolive Company
2,241

(12) 
460

(14) 
561

(16) 
656

(18) 
564

(20) 
Earnings per common share:
 

 
 

 
 
 
 
 
 

 
Basic
2.41

(12) 
0.49

(14) 
0.60

(16) 
0.71

(18) 
0.61

(20) 
Diluted
2.38

(12) 
0.48

(14) 
0.60

(16) 
0.70

(18) 
0.60

(20) 

____________
Note:
Basic and diluted earnings per share are computed independently for each quarter and the year-to-date period presented. Accordingly, the sum of the quarterly earnings per common share may not necessarily equal the earnings per share for the year-to-date period.

(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) 
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.
(3) 
Gross profit for the first quarter of 2014 includes $10 of charges related to the 2012 Restructuring Program and $1 of costs related to the sale of land in Mexico.
(4) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the first quarter of 2014 include $73 of aftertax charges related to the 2012 Restructuring Program, a $174 aftertax charge related to the 2014 Venezuela Remeasurements and $1 of aftertax costs related to the sale of land in Mexico.
(5) 
Gross profit for the second quarter of 2014 includes $6 of charges related to the 2012 Restructuring Program and $2 of costs related to the sale of land in Mexico.
(6) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the second quarter of 2014 include $53 of aftertax charges related to the 2012 Restructuring Program and $1 of aftertax costs related to the sale of land in Mexico.
(7) 
Gross profit for the third quarter of 2014 includes $7 of charges related to the 2012 Restructuring Program and $1 of costs related to the sale of land in Mexico.
(8) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the third quarter of 2014 include $41 of aftertax charges related to the 2012 Restructuring Program, a $40 aftertax charge related to the 2014 Venezuela Remeasurements, an $11 charge for a European competition law matter, $1 of aftertax costs related to the sale of land in Mexico and a $66 charge for a foreign tax matter.
(9) 
Gross profit for the fourth quarter of 2014 includes $6 of charges related to the 2012 Restructuring Program.
(10) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the fourth quarter of 2014 include $41 of aftertax charges related to the 2012 Restructuring Program and a $30 charge for a European competition law matter.
(11) 
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.
(12) 
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.
(13) 
Gross profit for the first quarter of 2013 includes $8 of charges related to the 2012 Restructuring Program and $4 of costs related to the sale of land in Mexico.
(14) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the first quarter of 2013 include $52 of aftertax charges related to the 2012 Restructuring Program, a $111 aftertax charge related to the 2013 Venezuela Remeasurement and $3 of aftertax costs related to the sale of land in Mexico.
(15) 
Gross profit for the second quarter of 2013 includes $10 of charges related to the 2012 Restructuring Program and $4 of costs related to the sale of land in Mexico.
(16) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the second quarter of 2013 include $79 of aftertax charges related to the 2012 Restructuring Program, an $18 charge for a European competition law matter and $4 of aftertax costs related to the sale of land in Mexico.
(17) 
Gross profit for the third quarter of 2013 includes $8 of charges related to the 2012 Restructuring Program and $3 of costs related to the sale of land in Mexico.
(18) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the third quarter of 2013 include $22 of aftertax charges related to the 2012 Restructuring Program and $2 of aftertax costs related to the sale of land in Mexico.
(19) 
Gross profit for the fourth quarter of 2013 includes $6 of charges related to the 2012 Restructuring Program and $4 of costs related to the sale of land in Mexico.
(20) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the fourth quarter of 2013 include $125 of aftertax charges related to the 2012 Restructuring Program, a $5 charge for a European competition law matter and $3 of aftertax costs related to the sale of land in Mexico.