Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 43

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 43
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22 %2.89 %— %— %— %ESOP growth rate— %— %— %— %— %— %6.00 %6.00 %6.00 %Medical cost trend rate of increase— %— %— %— %— %— %6.00 %6.25 %6.00 %Interest Crediting Rate4.99 %5.21 %2.82 %0.64 %2.28 %0.84 %— %— %— %

102

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

The service related component of pension and other postretirement benefit costs is included in Operating profit. The non-service related components (interest cost, expected return on assets, amortization of transition and prior service costs and credits and amortization of actuarial gains and losses) are included in the line item “Non-service related postretirement costs,” which is below Operating profit.The Company made no voluntary contributions in 2024, 2023 and 2022. Expected Contributions and Benefit PaymentsAt present, the Company does not expect to make any voluntary contributions to its U.S. postretirement plans for the year ending December 31, 2025. Actual funding may differ from current estimates depending on the variability of the market value of the assets, changes in the benefit obligations and other market or regulatory conditions.Benefit payments expected to be paid from the Company’s assets to participants in unfunded plans are estimated to be approximately $95 for the year ending December 31, 2025. Total benefit payments expected to be paid to participants in both funded and unfunded plans are estimated as follows:  Pension Plans Years Ended December 31,United StatesInternationalOther Retiree Benefit PlansTotal2025$377 $42 $52 471 2026143 41 54 238 2027143 43 55 241 2028142 45 55 242 2029141 46 55 242 2030-2034653 247 274 1,174 

103

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