XML 21 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements [Abstract]  
Schedule of Quarterly Financial Information
  
Total
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
2011
 
 
 
 
 
 
 
 
 
 
Net sales
$
16,734

 
$
3,994

 
$
4,185

 
$
4,383

 
$
4,172

 
Gross profit
9,590

 
2,331

 
2,404

 
2,462

 
2,393

 
Net income including noncontrolling interests
2,554

(1) 
607

 
646

 
676

(2) 
625

(3) 
Net income attributable to Colgate-Palmolive Company
2,431

(1) 
576

 
622

 
643

(2) 
590

(3) 
Earnings per common share:
 
 
 

 
 
 
 
 
 
 
Basic
4.98

(1) 
1.17

 
1.27

 
1.32

(2) 
1.22

(3) 
Diluted
4.94

(1) 
1.16

 
1.26

 
1.31

(2) 
1.21

(3) 
 
 
 
 
 
 
 
 
 
 
 
2010
 

 
 

 
 

 
 

 
 

 
Net sales
$
15,564

 
$
3,829

 
$
3,814

 
$
3,943

 
$
3,978

 
Gross profit
9,204

 
2,268

 
2,242

 
2,344

 
2,350

 
Net income including noncontrolling interests
2,313

(4) 
387

(5) 
630

 
645

 
651

(6) 
Net income attributable to Colgate-Palmolive Company
2,203

(4) 
357

(5) 
603

 
619

 
624

(6) 
Earnings per common share:
 

 
 

 
 

 
 

 
 

 
Basic
4.45

(4) 
0.71

(5) 
1.21

 
1.26

 
1.28

(6) 
Diluted
4.31

(4) 
0.69

(5) 
1.17

 
1.21

 
1.24

(6) 

____________
Note:
Basic and diluted earnings per share are computed independently for each quarter presented. Accordingly, the sum of the quarterly earnings per share may not agree with the calculated full year earnings per share.

(1) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per share for the full year of 2011 include a $135 aftertax gain resulting from the sale of the Company's laundry detergent business in Colombia, $147 of aftertax charges for the implementation of various business realignment and other cost-saving initiatives, $9 of aftertax charges related to the sale of land in Mexico and a $21 charge for a competition law matter in France related to a divested detergent business.
(2) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per share for the third quarter of 2011 include a $135 aftertax gain resulting from the sale of the Company's laundry detergent business in Colombia, $128 of aftertax charges for the implementation of various business realignment and other cost-saving initiatives and $5 of aftertax charges related to the sale of land in Mexico.
(3) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per share for the fourth quarter of 2011 includes $19 of aftertax charges for the implementation of various business realignment and other cost-saving initiatives, $4 of aftertax charges related to the sale of land in Mexico and a $21 charge for a competition law matter in France related to a divested detergent business.
(4) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per share for the full year of 2010 include a $271 one-time charge related to the transition to hyperinflationary accounting in Venezuela, a $61 aftertax charge for termination benefits related to overhead reduction initiatives, a $30 aftertax gain on sales of non-core product lines and a $31 benefit related to the reorganization of an overseas subsidiary.
(5) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per share for the first quarter of 2010 include a $271 one-time charge related to the transition to hyperinflationary accounting in Venezuela.
(6) 
Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per share for the fourth quarter of 2010 include $61 of aftertax charges for termination benefits related to overhead reduction initiatives, a $30 aftertax gain on sales of non-core product lines and a $31 benefit related to the reorganization of an overseas subsidiary.