Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 39

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 39
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 and certain of its subsidiaries provide, to the extent not otherwise provided by government-sponsored plans, health and life insurance benefits or subsidies for retired employees who meet applicable eligibility requirements.The Company uses a December 31 measurement date for its defined benefit and other retiree benefit plans. Summarized information for the Company’s defined benefit and other retiree benefit plans is as follows:

99

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

  Pension PlansOther Retiree Benefit Plans 202420232024202320242023  United StatesInternational  Change in Benefit Obligations      Benefit obligations at beginning of year$1,922 $1,673 $776 $675 $665 $658 Service cost1 — 16 15 7 7 Interest cost99 91 33 33 36 38 Participants’ contributions— — 5 5 — — Plan amendments— — — — — (33)Actuarial loss (gain)(54)36 (11)65 (14)38 Foreign exchange impact— — (40)29 (8)4 Termination benefits5 3 — 2 — — Curtailments and settlements(1)— (18)(6)— — Benefit payments(141)(148)(41)(42)(54)(47)ERISA litigation matter— 267 — — — — Benefit obligations at end of year$1,831 $1,922 $720 $776 $632 $665 Change in Plan Assets  Fair value of plan assets at beginning of year$1,360 $1,363 $566 $516 $— $— Actual return on plan assets49 115 18 26 — — Company contributions29 30 37 39 54 47 Participants’ contributions— — 5 5 — — Foreign exchange impact— — (31)27 — — Settlements and acquisitions(2)— (17)(5)— — Benefit payments(141)(148)(41)(42)(54)(47)Fair value of plan assets at end of year$1,295 $1,360