Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 55

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 55
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 performance of the operating segments.Approximately two-thirds of the Company’s Net sales are generated from markets outside the U.S., with approximately 45% of the Company’s Net sales coming from emerging markets (which consist of Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe). Oral, Personal and Home Care sales to Walmart, Inc. and its affiliates represent approximately 11% of the Company’s Net sales in each of the years 2024, 2023 and 2022. No other customer represented more than 10% of Net sales in any period presented.In 2024, Corporate Operating profit included charges resulting from the 2022 Global Productivity Initiative of $85. In 2023, Corporate Operating profit included charges resulting from the 2022 Global Productivity Initiative of $27 and product recall costs of $25. In 2022, Corporate Operating profit included goodwill and intangible assets impairment charges of $721, charges resulting from the 2022 Global Productivity Initiative of $95, a gain on the sale of land in Asia Pacific of $47 and acquisition-related costs of $19. 

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

2024Net salesCost of SalesSelling, general and administrative expensesOther (income) expense, net (3)Operating ProfitReportable SegmentsOral, Personal and Home CareNorth America(1)$4,113 $1,571 $1,668 $36 $839 Latin America4,782 1,933 1,328 (5)1,526 Europe2,770 1,050 1,031 31 658 Asia Pacific2,858 1,078 997 (30)812 Africa/Eurasia1,095 432 395 16 253 Total Oral, Personal and Home Care15,618 4,088 Pet Nutrition(2)4,483 1,869 1,641 8 965 Reconciliation with Total Company Operating ProfitCorporate(784)Total$20,101 $4,268 Note: Table may not sum due to rounding. (1) Net sales in the U.S. for Oral, Personal and Home Care were $3,640 in 2024.(2) Net sales in the U.S. for Pet Nutrition were $3,059 in