Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 113

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 113
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 To Noncontrolling InterestsNet Income Attributable to Colgate-Palmolive CompanyDiluted Earnings Per Share(2)As Reported GAAP$3,956 $907 $3,049 $160 $2,889 $3.51 2022 Global Productivity Initiative85 12 73 — 73 0.09 Non-GAAP$4,041 $919 $3,122 $160 $2,962 $3.60 

2023Income Before Income TaxesProvision For Income Taxes(1)Net Income Including Noncontrolling InterestsLess: Income Attributable To Noncontrolling InterestsNet Income Attributable to Colgate-Palmolive CompanyDiluted Earnings Per Share(2)As Reported GAAP$3,392 $937 $2,455 $155 $2,300 $2.77 ERISA litigation matter267 55 212 — 212 0.26 Foreign tax matter— (126)126 — 126 0.15 2022 Global Productivity Initiative32 6 26 1 25 0.03 Product recall costs25 6 19 — 19 0.02 Non-GAAP$3,716 $878 $2,838 $156 $2,682 $3.23 

(1) The income tax effect on non-GAAP items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.

(2)  The impact of non-GAAP adjustments on diluted earnings per share may not necessarily equal the difference between “GAAP” and “non-GAAP” as a result of rounding.

37

(Dollars in Millions Except Per Share Amounts)

Segment Results

The Company markets its products in over 200 countries and territories throughout the world in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The Company uses Operating profit as a measure of the operating segment performance because it excludes the impact of corporate-driven decisions related to interest expense and income taxes.

Oral, Personal and Home Care

North America 20242023% ChangeNet sales$4,113 $4,091 0.5 %Operating profit$839 $871 (4)%% of Net sales20.4 %21.3