Company: CL
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0000021665-25-000034
Chunk: 4

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-06-25
Form: 11-K
Chunk 4
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 term             |
| State Street S&P 500 Index Fund               |     | Fund seeks an investment return that approximates as closely practicable, before expenses, the performance of the S&P 500 Index  over the long term                         |
| State Street Small/Mid Cap Index Fund         |     | Fund seeks an investment return that approximates as closely practicable, before expenses, the performance of the Russell Small Cap Completeness Index over the long term   |

<div align='center'>6</div>

### COLGATE-PALMOLIVE COMPANY

### EMPLOYEES SAVINGS AND INVESTMENT PLAN

### Notes to Financial Statements (continued)
<div align='center'>(Dollars in thousands, except as indicated)</div>

Employee Stock Ownership Plan

In 1989, the Company expanded its ESOP through the introduction of a leveraged ESOP that funds certain benefits for employees who have met eligibility requirements.

During 2000, the ESOP entered into a loan agreement with the Company under which the benefits for the ESOP may be extended through December 2035. Repayments of principal and interest are funded through future contributions and dividends on stock held by ESOP Fund D, both paid by the Company to the ESOP. In addition, the Company guaranteed minimum funding of $130,000, on a present value basis, in excess of debt service requirements. This minimum funding guarantee was fully satisfied as of November 2018.

As of December 31, 2024 and 2023, the ESOP had outstanding loans from the Company of $19 and $116, respectively, bearing an average interest rate of 5.7% per year. During 2024, the Company did not make any contributions to the ESOP.

Dividends on stock held by ESOP Fund D are paid to the ESOP and, together with cash contributions from the Company, (a) are used by the ESOP to repay principal and interest on the long-term notes, or (b) are credited to participant accounts.

A portion of the ESOP Fund D shares are released periodically for allocation to participants based on the ratio of debt service for the period to total debt service over the remaining scheduled life of all ESOP debt. As of December 31, 2024, 7,334,758 common shares (valued at $666,803) were released and allocated to participant accounts and 93,585 common shares (valued at $8,508) were available for future