Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 888	$ 883
Receivables (net of allowances of $89 and $76, respectively)	1,264	1,440
Inventories	1,673	1,400
Other current assets	513	456
Total current assets	4,338	4,179
Property, plant and equipment, net	3,716	3,750
Goodwill	3,824	3,508
Other intangible assets, net	2,894	2,667
Deferred income taxes	291	177
Other assets	857	753
Total assets	15,920	15,034
Current Liabilities
Notes and loans payable	258	260
Current portion of long-term debt	9	254
Accounts payable	1,393	1,237
Accrued income taxes	403	370
Other accruals	2,341	1,917
Total current liabilities	4,404	4,038
Long-term debt	7,334	7,333
Deferred income taxes	426	507
Other liabilities	2,655	2,598
Total liabilities	14,819	14,476
Commitments and contingent liabilities	0	0
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	2,969	2,488
Retained earnings	23,699	22,501
Accumulated other comprehensive income (loss)	(4,345)	(4,273)
Unearned compensation	(1)	(2)
Treasury stock, at cost	(23,045)	(22,063)
Total Colgate-Palmolive Company shareholders’ equity	743	117
Noncontrolling interests	358	441
Total equity	1,101	558
Total liabilities and equity	$ 15,920	$ 15,034