Company: CL
Filing Date: 2025-04-30
Form Type: 424B2
Source: 0001104659-25-042488
Chunk: 21

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-04-30
Form: 424B2
Chunk 21
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 of Notes is sold to purchasers other than bond houses, brokers or similar persons or organizations acting in the capacity of underwriters,
placement agents or wholesalers), ownership and disposition of Notes by holders acquiring Notes at original issue for cash.

This discussion is based on:

(a) the Code;

(b) current, temporary and proposed Treasury
regulations promulgated under the Code;

(c) current administrative interpretations
and practices of the Internal Revenue Service (the “IRS”); and

(d) court decisions,

all as of the date of this prospectus supplement. Future legislation,
Treasury regulations, administrative interpretations and practices and/or court decisions may adversely affect the tax considerations
contained in this discussion. Any change could apply retroactively to transactions preceding the date of the change. The tax considerations
contained in this discussion may be challenged by the IRS, and we have not requested, and do not plan to request, any rulings from the
IRS concerning the Notes.

The tax treatment of a holder of Notes may vary
depending upon a holder’s particular situation. Certain holders (including, but not limited to, certain financial institutions,
insurance companies, broker-dealers, partnerships and other pass-thru entities, persons who mark-to-market the Notes, tax-exempt organizations,
regulated investment companies, real estate investment trusts, U.S.

Holders (as defined below) whose functional currency
for tax purposes is not the U.S. dollar, expatriates, persons subject to alternative minimum tax, persons holding Notes as part of a “straddle,”
“hedge” or “conversion transaction” and accrual method taxpayers subject to special tax accounting rules as
a result of their use of financial statements) may be subject to special rules not discussed below. This discussion is limited to
holders who will hold the Notes as “capital assets” (generally, property held for investment) within the meaning of Section 1221
of the Code. Moreover, the effect of any applicable state, local or foreign tax laws and other U.S. federal tax laws (such as estate and
gift tax laws) is not discussed.

EACH INVESTOR SHOULD CONSULT HIS, HER OR ITS OWN TAX ADVISOR AS TO PARTICULAR TAX CONSEQUENCES TO IT OF PURCHASING, HOLDING AND DISPOSING OF NOTES.

As used herein, the term “U.S. Holder”
means a beneficial owner of a Note that is for United States federal income tax purposes (1) a citizen or resident of the United
States, (2) a