Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 24

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 24
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23 %11 %Corporate2 %18 %14 %Total100 %100 %100 %(1) The Company has recast its historical geographic segment information to conform to the reporting structure effective as of July 1, 2024. See Note 13, Segment Information for additional details.The following table summarizes the activity for the restructuring and related implementation charges discussed above and the related accruals:Twelve Months Ended December 31, Employee-RelatedCosts IncrementalDepreciation AssetImpairmentsOtherTotalBalance at December 31, 2022$30 $— $1 $3 $34 Charges24 — — 8 32 Cash Payments(45)— — (10)(55)Charges against assets(5)— (1)— (6)Foreign exchange6 — — — 6 Balance at December 31, 2023$10 $— $— $1 $11 Charges 49 13 — 23 85 Cash Payments (20)— — (14)(34)Charges against assets— (13)— — (13)Foreign exchange(5)— — — (5)Balance at December 31, 2024$34 $— $— $10 $44 Employee-Related Costs primarily include severance and other termination benefits and are calculated based on long-standing benefit practices, written severance policies, local statutory requirements and, in certain cases, voluntary termination arrangements. Employee-Related Costs also include pension enhancements which are reflected as Charges against assets within Employee-Related Costs in the preceding table, as the corresponding balance sheet amounts are reflected as a reduction of pension assets or an increase in pension liabilities. Incremental Depreciation is recorded to reflect changes in useful lives and estimated residual values for long-lived assets that will be taken out of service prior to the end of their normal service period. Asset Impairments are recorded to write down inventories and assets held for sale or disposal to their fair value based on amounts expected to be realized. Charges against assets within Asset Impairments are net of cash proceeds pertaining to the sale of certain assets, as applicable.

84

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

4.    Goodwill and Other