Company: CL
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0000021665-25-000034
Chunk: 11

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-06-25
Form: 11-K
Chunk 11
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 Changes in Net Assets Available for Benefits.

Benefit Payments Recognition

Benefits paid directly to participants are recorded when paid.

Administration

The Plan is administered by the Committee for the benefit of the Plan participants and their beneficiaries. Administrative expenses are paid by the Plan, unless paid by the Company.

#### 3.

#### Tax Status
The Company has obtained a favorable determination from the Internal Revenue Service ("IRS") in a letter dated August 4, 2017 regarding the Plan’s qualified status. The Plan has been amended since the amendments considered under the determination letter. However, the Committee believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC.

U.S. GAAP requires the Plan administrator to evaluate tax positions taken by the Plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. In a letter dated April 15, 2024, the IRS informed the Company that they would perform an examination of the Plan for the year ended December 31, 2022, and in a letter dated September 13, 2024, the IRS informed the Company that such examination had been closed.

#### 4. Plan
’

#### s Interest in Master Trust
Certain Plan investments are part of the Master Trust and the trustee of the Plan is the Bank of New York Mellon. The Plan’s trustee and recordkeeper maintain a separate account for the associated Plan assets and liabilities held within the Master Trust.

As of December 31, 2024 and 2023, the Master Trust held investments in Colgate-Palmolive Company Common Stock, mutual funds, cash reserve funds, separately managed account funds, synthetic GICs and collective trust funds. Refer to Note 1, Description of the Plan for additional discussion on the types of investments held within the Master Trust.

The value of the Plan’s interest in the Master Trust is based on the beginning value of the Plan’s interest in the Master Trust plus actual contributions and allocated net investment income (loss) less actual distributions and allocated administrative expenses.

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### COLGATE-PALMOLIVE COMPANY