Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 60

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 60
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 to $453 and $471 at December 31, 2024 and 2023, respectively. The excess of current cost over LIFO cost at the end of each year was $105 and $120, respectively. The liquidations of LIFO inventory quantities had no material effect on income in 2024, 2023 and 2022. Inventory classified as non-current at December 31, 2024 was recorded on the Consolidated Balance Sheets as “Other assets.”Property, plant and equipment, net20242023Land$226 $227 Buildings2,056 2,047 Manufacturing machinery and equipment6,265 6,365 Other equipment1,580 1,647  10,127 10,286 Accumulated depreciation(5,705)(5,704)Total Property, plant and equipment, net$4,422 $4,582 Other current assets20242023Marketable securities$160 $179 Prepaids520 595 Derivatives33 19 Total Other current assets$713 $793 

118

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

Other accruals20242023Accrued advertising and consumer and trade promotions$912 $882 Accrued payroll and employee benefits437 403 Accrued taxes other than income taxes162 167 Restructuring accrual15 11 Pension and other retiree benefits93 96 Lease liabilities due in one year107 95 Accrued interest72 78 Derivatives23 26 Dividend payable408 — Other662 619 Total Other accruals$2,891 $2,377 Other liabilities20242023Pension and other retiree benefits$1,306 $1,390 Long-term lease liabilities456 420 Restructuring accrual29 — Other320 305 Total Other liabilities$2,111 $2,115 

119

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

18.    Supplemental Other Comprehensive Income (Loss) Information

Other comprehensive income (loss) components attributable to Colgate-Palmolive Company before tax and net of tax during the years