Company: CL
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0000021665-25-000033
Chunk: 9

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-06-25
Form: 11-K
Chunk 9
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 through the continued operations of the Plan, are to:

• Exempt the Plan’s investment income from income taxes,

• Allow the Plan Sponsor to deduct annual contributions, made in accordance with the Plan, for income tax purposes, and

• Allow eligible employees (participants under the Plan) to exclude such contributions and income earned thereon, from their taxable income until distributed.

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 Puerto Rico Treasury Department. 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; however, there are currently no audits for any tax periods in progress.

#### 4. Plan
’

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

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### COLGATE-PALMOLIVE PUERTO RICO SAVINGS AND INVESTMENT PLAN

### NOTES TO FINANCIAL STATEMENTS (continued)
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.

The following table presents the investments and other assets and liabilities of the Master Trust and the Plan’s interest in the Master Trust as of December 31, 2024:

|                                         |     | Net Assets as of December 31, 2024 |               |     |                                 |            |
|:----------------------------------------|:----|:-----------------------------------|--------------:|:----|:--------------------------------|-----------