Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 40

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 40
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 $537 $566 $— $— Funded Status  Benefit obligations at end of year$1,831 $1,922 $720 $776 $632 $665 Fair value of plan assets at end of year1,295 1,360 537 566 — — Net amount recognized$(536)$(562)$(183)$(210)$(632)$(665)Amounts Recognized in Balance Sheet    Noncurrent assets$1 $1 $47 $48 $— $— Current liabilities(27)(28)(15)(15)(51)(53)Noncurrent liabilities(510)(535)(215)(243)(581)(612)Net amount recognized$(536)$(562)$(183)$(210)$(632)$(665)Amounts Recognized in Accumulated Other Comprehensive Income (Loss)  Actuarial loss$710 $767 $174 $177 $109 $128 Transition/prior service cost(credit)— — 8 9 (159)(180)  $710 $767 $182 $186 $(50)$(52)Accumulated benefit obligation$1,818 $1,907 $668 $719 $— $— 

100

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

  Pension PlansOther Retiree Benefit Plans  202420232024202320242023  United StatesInternational  Weighted-Average Assumptions Used to Determine Benefit Obligations      Discount rate5.73 %5.40 %4.69 %4.35 %5.74 %5.37 %Long-term rate of compensation increase3.50 %3.50 %3.36 %3.19 %— %— %ESOP growth rate— %— %— %— %6.00 %6.00 %Medical cost trend rate of increase— %— %— %— %7.00 %6.00 %Interest Crediting Rate5.58 %4.99 %3.23 %1.13 %— %— %The actuarial