Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 26

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 26
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 Total Other intangible assets$2,686 $(930)$1,756 $2,769 $(882)$1,887 The change in the net carrying amounts of Other intangible assets during 2024 was due to foreign currency translation and amortization expense of $75. Annual estimated amortization expense for each of the next five years is expected to be approximately $68. In 2023, the Company re-characterized a certain trademark from an indefinite to a finite life intangible asset based on an assessment of certain macroeconomic conditions, historical performance and demand. The carrying value of this trademark as of December 31, 2024 is $234 and is being amortized over its estimated remaining useful life of 24 years.As of the date of the annual impairment test of indefinite-lived intangible assets, the fair value of one of the Company’s indefinite-lived trademark intangible assets exceeded its carrying value by less than 20%. The carrying value of this trademark is $293 as of December 31, 2024.  

Given the inherent uncertainties of estimating the future cash flows, the impact of interest rates and inflation on macroeconomic conditions, actual results may differ from management's current estimates which could potentially result in impairment charges in future periods. 

5.    Long-Term Debt and Credit Facilities

Long-term debt consisted of the following at December 31:  Weighted Average Interest RateMaturities20242023Notes3.0%2025-2078$6,946 $7,580 Commercial paper3.0%2025936 606 Finance Lease ObligationsVarious59 53 7,941 8,239 Less: Current portion of long-term debt(652)(20)Total $7,289 $8,219 Debt payable within one year consisted of the following at December 31:  20242023Notes and loans payable$8 $310 Current portion of long-term debt652 20 Debt payable within one year $660 $330 

86

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

The Company classifies commercial paper as long-term debt when it has the intent and ability to refinance such obligations on a long-term basis. Excluding commercial paper, scheduled maturities of long-term debt and finance leases outstanding as of December 31, 2024, were as