Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 30

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 30
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 and 2023. The estimated fair value of the Company’s long-term debt, including the current portion, as of December 31, 2024 and 2023, was $7,433 and $7,862, respectively, and the related carrying value was $7,941 and $8,239, respectively. The estimated fair value of long-term debt was derived principally from quoted prices on the Company’s outstanding fixed-term notes (Level 2 valuation).

89

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

The following tables present the notional values as of: December 31, 2024 ForeignCurrencyContractsForeign Currency DebtCommodity Contracts TotalFair Value Hedges $1,669 $— $— $1,669 Cash Flow Hedges 1,023 — 18 1,041 Net Investment Hedges289 3,750 — 4,039  December 31, 2023 ForeignCurrencyContractsForeign Currency DebtCommodity Contracts TotalFair Value Hedges $1,625 $— $— $1,625 Cash Flow Hedges 869 — 39 908 Net Investment Hedges280 3,908 — 4,188 The amount of gain (loss) recognized in income associated with fair value hedges did not have a material impact on the Company’s Consolidated Financial Statements during the twelve months ended December 31, 2024.The amount of gain (loss) recognized in income and Accumulated Other Comprehensive Income (AOCI) associated with cash flow hedges did not have a material impact on the Company’s Consolidated Financial Statements during the twelve months ended December 31, 2024.The following table presents the amount of gain (loss) on net investment hedges recognized in the Company’s AOCI:Gain (Loss) Recognized in AOCITwelve Months Ended December 31,Hedging instruments:20242023Foreign currency contracts$42 $(34)Foreign currency debt211 (124)Total gain (loss) on net investment hedges$253 $(158)

90

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

7.    Capital Stock and Stock-Based Compensation Plans

Preference StockThe Company has the