Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 59

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 59
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 and 4.5%, respectively. 

There were no material operating leases that the Company had entered into or that were yet to commence as of December 31, 2024. 

15.          Supplier Finance Program

The Company has agreements to provide supplier finance programs which facilitate participating suppliers' ability to finance payment obligations of the Company with designated third-party financial institutions. Participating suppliers may, at their sole discretion, elect to finance one or more payment obligations of the Company prior to their scheduled due dates at a discounted price to participating financial institutions. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to finance amounts under these arrangements. The outstanding payment obligations under the Company’s supplier finance programs are included in Accounts Payable in the Consolidated Balance Sheets and were not material as of December 31, 2024 or 2023.

16.    Supplemental Income Statement Information

Other (income) expense, net202420232022Amortization of intangible assets$75 $72 $80 Equity income(22)(17)(12)2022 Global Productivity Initiative59 24 90 Product recall costs— 25 — Losses (gains) from marketable securities and other assets6 11 (22)Indirect tax payments (refunds)27 18 (14)Gain on the sale of land in Asia Pacific— — (47)Acquisition-related costs— — 19 Other, net19 58 (25)Total Other (income) expense, net$164 $191 $69  202420232022Research and development$355 $343 $320 Advertising$2,720 $2,371 $1,997 

117

COLGATE-PALMOLIVE COMPANY Notes to Consolidated Financial Statements (continued)(Dollars in Millions Except Share and Per Share Amounts)

17.    Supplemental Balance Sheet Information

Inventories by major class are as follows at December 31:Inventories20242023Raw materials and supplies$631 $606 Work-in-process46 46 Finished goods1,431 1,411 Total Inventories, net$2,108 $2,063 Non-current inventory, net(121)(129)Current Inventories, net$1,987 $1,934 Inventories valued under LIFO amounted