Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Quarterly Financial Information



	Total			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2019
Net sales	$	15,693		$	3,884		$	3,866		$	3,928		$	4,015
Gross profit	9,325		⁽¹⁾	2,287		⁽³⁾	2,308		⁽⁵⁾	2,316		⁽⁷⁾	2,414		⁽⁹⁾
Net income including noncontrolling interests	2,527		⁽²⁾	600		⁽⁴⁾	618		⁽⁶⁾	627		⁽⁸⁾	682		⁽¹⁰⁾
Net income attributable to Colgate-Palmolive Company	2,367		⁽²⁾	560		⁽⁴⁾	586		⁽⁶⁾	578		⁽⁸⁾	643		⁽¹⁰⁾
Earnings per common share:
Basic	2.76		⁽²⁾	0.65		⁽⁴⁾	0.68		⁽⁶⁾	0.67		⁽⁸⁾	0.75		⁽¹⁰⁾
Diluted	2.75		⁽²⁾	0.65		⁽⁴⁾	0.68		⁽⁶⁾	0.67		⁽⁸⁾	0.75		⁽¹⁰⁾

2018
Net sales	$	15,544		$	4,002		$	3,886		$	3,845		$	3,811
Gross profit	9,231		⁽¹¹⁾	2,408		⁽¹³⁾	2,301		⁽¹⁵⁾	2,269		⁽¹⁷⁾	2,253		⁽¹⁹⁾
Net income including noncontrolling interests	2,558		⁽¹²⁾	678		⁽¹⁴⁾	675		⁽¹⁶⁾	562		⁽¹⁸⁾	643		⁽²⁰⁾
Net income attributable to Colgate-Palmolive Company	2,400		⁽¹²⁾	634		⁽¹⁴⁾	637		⁽¹⁶⁾	523		⁽¹⁸⁾	606		⁽²⁰⁾
Earnings per common share:
Basic	2.76		⁽¹²⁾	0.72		⁽¹⁴⁾	0.73		⁽¹⁶⁾	0.60		⁽¹⁸⁾	0.70		⁽²⁰⁾
Diluted	2.75		⁽¹²⁾	0.72		⁽¹⁴⁾	0.73		⁽¹⁶⁾	0.60		⁽¹⁸⁾	0.70		⁽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 2019 includes $8 of charges related to the Global Growth and Efficiency Program, and a $3 charge for acquisition-related costs.

⁽²⁾

Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2019 includes $102 of aftertax charges related to the Global Growth and Efficiency Program, a $20 aftertax charge for acquisition-related costs, a $20 aftertax benefit related to a value added tax matter in Brazil and a $29 tax benefit related to Swiss income tax reform.


⁽³⁾	Gross profit for the first quarter of 2019 includes $11 of charges related to the Global Growth and Efficiency Program.


⁽⁴⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the first quarter of 2019 include $22 of aftertax charges related to the Global Growth and Efficiency Program.


⁽⁵⁾	Gross profit for the second quarter of 2019 includes $3 of benefit related to the Global Growth and Efficiency Program.


⁽⁶⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2019 includes $31 of aftertax charges related to the Global Growth and Efficiency Program.


⁽⁷⁾	Gross profit for the third quarter of 2019 includes $1 of charges related to the Global Growth and Efficiency Program.


⁽⁸⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2019 include $22 of aftertax charges related to the Global Growth and Efficiency Program and a $14 aftertax charge for acquisition-related costs.


⁽⁹⁾	Gross profit for the fourth quarter of 2019 includes $1 of benefit related to the Global Growth and Efficiency Program, and a $3 charge for acquisition-related costs.

⁽¹⁰⁾

Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the fourth quarter of 2019 include $27 of aftertax charges related to the Global Growth and Efficiency Program, a $6 charge for acquisition-related costs, a $20 aftertax benefit related to a value added tax matter in Brazil and a $29 tax benefit related to Swiss income tax reform.


⁽¹¹⁾	Gross profit for the full year of 2018 includes $31 of charges related to the Global Growth and Efficiency Program.

⁽¹²⁾

Net income including noncontrolling interests for the full year of 2018 includes $124 of aftertax charges related to the Global Growth and Efficiency Program. Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2018 include $125 of aftertax charges related to the Global Growth and Efficiency Program, an $80 charge related to U.S. tax reform and a $15 benefit from a foreign tax matter.


⁽¹³⁾	Gross profit for the first quarter of 2018 includes $6 of charges related to the Global Growth and Efficiency Program.


⁽¹⁴⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the first quarter of 2018 include $20 of aftertax charges related to the Global Growth and Efficiency Program.


⁽¹⁵⁾	Gross profit for the second quarter of 2018 includes $5 of charges related to the Global Growth and Efficiency Program.

⁽¹⁶⁾

Net income including noncontrolling interests for the second quarter of 2018 includes $48 of aftertax charges related to the Global Growth and Efficiency Program. Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2018 include $51 of aftertax charges related to the Global Growth and Efficiency Program and a $15 benefit from a foreign tax matter.


⁽¹⁷⁾	Gross profit for the third quarter of 2018 includes $8 of charges related to the Global Growth and Efficiency Program.


⁽¹⁸⁾	Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2018 include $22 of aftertax charges related to the Global Growth and Efficiency Program and a $80 charge related to U.S. tax reform.


⁽¹⁹⁾	Gross profit for the fourth quarter of 2018 includes $12 of charges related to the Global Growth and Efficiency Program.

⁽²⁰⁾

Net income including noncontrolling interests for the fourth quarter of 2018 include $34 of aftertax charges related to the Global Growth and Efficiency Program. Net income attributable to Colgate-Palmolive Company and Earnings per common share for the fourth quarter of 2018 include $32 of aftertax charges related to the Global Growth and Efficiency Program.