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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
  
Total
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
2015
 
 
 
 
 
 
 
 
 
 
Net sales
$
16,034

 
$
4,070

 
$
4,066

 
$
3,999

 
$
3,899

 
Gross profit
9,399

(1) 
2,392

(3) 
2,367

(5) 
2,347

(7) 
2,293

(9) 
Net income (loss) including noncontrolling interests
1,548

(2) 
583

(4) 
616

(6) 
770

(8) 
(421
)
(10) 
Net income (loss) attributable to Colgate-Palmolive Company
1,384

(2) 
542

(4) 
574

(6) 
726

(8) 
(458
)
(10) 
Earnings (loss) per common share:
 
 
 
 
 
 
 
 
 
 
Basic
1.53

(2) 
0.60

(4) 
0.63

(6) 
0.81

(8) 
(0.51
)
(10) 
Diluted
1.52

(2) 
0.59

(4) 
0.63

(6) 
0.80

(8) 
(0.51
)
(10) (21) 
 
 
 
 
 
 
 
 
 
 
 
2014
 

 
 

 
 

 
 

 
 

 
Net sales
$
17,277

 
$
4,325

 
$
4,352

 
$
4,379

 
$
4,221

 
Gross profit
10,109

(11) 
2,524

(13) 
2,552

(15) 
2,558

(17) 
2,475

(19) 
Net income including noncontrolling interests
2,339

(12) 
432

(14) 
661

(16) 
580

(18) 
666

(20) 
Net income attributable to Colgate-Palmolive Company
2,180

(12) 
388

(14) 
622

(16) 
542

(18) 
628

(20) 
Earnings per common share:
 

 
 
 
 
 
 
 
 

 
Basic
2.38

(12) 
0.42

(14) 
0.68

(16) 
0.59

(18) 
0.69

(20) 
Diluted
2.36

(12) 
0.42

(14) 
0.67

(16) 
0.59

(18) 
0.68

(20) 

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

(1) 
Gross profit for the full year of 2015 includes $20 of charges related to the 2012 Restructuring Program.
(2) 
Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the full year of 2015 include a $1,058 aftertax charge related to the change in accounting for the Company’s Venezuelan operations, $183 of aftertax charges related to the 2012 Restructuring Program, $22 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of effective devaluations, a $120 aftertax gain on the sale of the Company’s laundry detergent business in the South Pacific, a $15 charge for a foreign tax matter and a $14 aftertax charge related to a foreign competition law matter.
(3) 
Gross profit for the first quarter of 2015 includes $4 of charges related to the 2012 Restructuring Program.
(4) 
Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the first quarter of 2015 include $67 of aftertax charges related to the 2012 Restructuring Program.
(5) 
Gross profit for the second quarter of 2015 includes $4 of charges related to the 2012 Restructuring Program.
(6) 
Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the second quarter of 2015 include $40 of aftertax charges related to the 2012 Restructuring Program, $10 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and a $15 charge for a foreign tax matter.
(7) 
Gross profit for the third quarter of 2015 includes $3 of charges related to the 2012 Restructuring Program.

(8) 
Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the third quarter of 2015 include $35 of aftertax charges related to the 2012 Restructuring Program, a $12 aftertax charge related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and a $120 aftertax gain on sale of the Companys laundry detergent business in the South Pacific.
(9) 
Gross profit for the fourth quarter of 2015 includes $9 of charges related to the 2012 Restructuring Program.
(10) 
Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the fourth quarter of 2015 include a $1,058 aftertax charge related to the change in accounting for the Company’s Venezuelan operations, $41 of aftertax charges related to the 2012 Restructuring Program and a $14 charge for a foreign competition law matter.
(11) 
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.
(12) 
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 remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of effective devaluations, $41 of charges for a foreign competition law matter, $3 of aftertax costs related to the sale of land in Mexico and a $66 charge for a foreign tax matter.
(13) 
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.
(14) 
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 remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and $1 of aftertax costs related to the sale of land in Mexico.
(15) 
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.
(16) 
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.
(17) 
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.
(18) 
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, $40 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation, an $11 charge for a foreign competition law matter, $1 of aftertax costs related to the sale of land in Mexico and a $66 charge for a foreign tax matter.
(19) 
Gross profit for the fourth quarter of 2014 includes $6 of charges related to the 2012 Restructuring Program.
(20) 
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 foreign competition law matter.
(21) 
The computation for Diluted (loss) per common share for the fourth quarter of 2015 excludes 6.6 million of incremental common shares outstanding during the period as they are anti-dilutive.