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10-Q Filing

COLGATE PALMOLIVE CO CIK: 21665 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000021665-20-000007
Period End Date 20200331
Filing Date 20200501
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance cl-3312020x10q_htm.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $84.00M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $76.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $883.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $854.00M USD Point-in-time
Receivables (net of allowances of $84 and $76, respectively) AccountsReceivableNetCurrent $1.44B USD Point-in-time
Receivables (net of allowances of $84 and $76, respectively) AccountsReceivableNetCurrent $1.55B USD Point-in-time
Inventories InventoryNet $1.30B USD Point-in-time
Inventories InventoryNet $1.40B USD Point-in-time
Other current assets OtherAssetsCurrent $542.00M USD Point-in-time
Other current assets OtherAssetsCurrent $456.00M USD Point-in-time
Total current assets AssetsCurrent $4.18B USD Point-in-time
Total current assets AssetsCurrent $4.25B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $8.17B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $8.58B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.68B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.83B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.49B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.75B USD Point-in-time
Goodwill Goodwill $3.51B USD Point-in-time
Goodwill Goodwill $3.56B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.82B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.67B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $179.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $177.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $775.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $753.00M USD Point-in-time
Total assets Assets $15.07B USD Point-in-time
Total assets Assets $15.03B USD Point-in-time
Notes and loans payable ShortTermBankLoansAndNotesPayable $260.00M USD Point-in-time
Notes and loans payable ShortTermBankLoansAndNotesPayable $255.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $255.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $254.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.22B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.24B USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $485.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $370.00M USD Point-in-time
Other accruals OtherAccruedLiabilitiesCurrent $1.92B USD Point-in-time
Other accruals OtherAccruedLiabilitiesCurrent $2.23B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.04B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.44B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.33B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.34B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $415.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $507.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.54B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.60B USD Point-in-time
Total liabilities Liabilities $14.48B USD Point-in-time
Total liabilities Liabilities $14.73B USD Point-in-time
Common stock CommonStockValue $1.47B USD Point-in-time
Common stock CommonStockValue $1.47B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.49B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.62B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $22.48B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $22.50B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.58B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.27B USD Point-in-time
Unearned compensation UnearnedCompensation $2.00M USD Point-in-time
Unearned compensation UnearnedCompensation $1.00M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $22.10B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $22.06B USD Point-in-time
Total Colgate-Palmolive Company shareholders equity StockholdersEquity $117.00M USD Point-in-time
Total Colgate-Palmolive Company shareholders equity StockholdersEquity $-113.00M USD Point-in-time
Noncontrolling interests MinorityInterest $454.00M USD Point-in-time
Noncontrolling interests MinorityInterest $441.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $558.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $341.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.03B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.07B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.88B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.10B USD 1 Quarter
Cost of sales CostOfRevenue $1.63B USD 1 Quarter
Cost of sales CostOfRevenue $1.60B USD 1 Quarter
Gross profit GrossProfit $2.46B USD 1 Quarter
Gross profit GrossProfit $2.29B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.36B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.47B USD 1 Quarter
Other (income) expense, net OtherOperatingIncomeExpenseNet $-43.00M USD 1 Quarter
Other (income) expense, net OtherOperatingIncomeExpenseNet $-40.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $879.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $952.00M USD 1 Quarter
Non-service related postretirement costs NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $21.00M USD 1 Quarter
Non-service related postretirement costs NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $25.00M USD 1 Quarter
Interest (income) expense, net InterestExpenseNet $36.00M USD 1 Quarter
Interest (income) expense, net InterestExpenseNet $40.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $895.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $814.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $147.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $214.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $600.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $748.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $33.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $40.00M USD 1 Quarter
Net income attributable to Colgate-Palmolive Company NetIncomeLoss $560.00M USD 1 Quarter
Net income attributable to Colgate-Palmolive Company NetIncomeLoss $715.00M USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $0.65 USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $0.83 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $0.65 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $0.83 USD 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $600.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $748.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $128.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $133.00M USD 1 Quarter
Restructuring and termination benefits, net of cash RestructuringNetOfCash $-30.00M USD 1 Quarter
Restructuring and termination benefits, net of cash RestructuringNetOfCash $5.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $16.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $17.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-99.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $53.00M USD 1 Quarter
Voluntary benefit plan contributions PensionAndOtherPostretirementBenefitContributions $102.00M USD 1 Quarter
Voluntary benefit plan contributions PensionAndOtherPostretirementBenefitContributions - USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $211.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $145.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-29.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $32.00M USD 1 Quarter
Accounts payable and other accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $220.00M USD 1 Quarter
Accounts payable and other accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $44.00M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-37.00M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $38.00M USD 1 Quarter
Net cash provided by operations NetCashProvidedByUsedInOperatingActivities $768.00M USD 1 Quarter
Net cash provided by operations NetCashProvidedByUsedInOperatingActivities $605.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $82.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $71.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireMarketableSecurities $27.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireMarketableSecurities $42.00M USD 1 Quarter
Proceeds from sale of marketable securities and investments ProceedsFromSaleAndMaturityOfMarketableSecurities $16.00M USD 1 Quarter
Proceeds from sale of marketable securities and investments ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Payment for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Payment for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $351.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-459.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-98.00M USD 1 Quarter
Principal payments on debt RepaymentsOfDebt $1.20B USD 1 Quarter
Principal payments on debt RepaymentsOfDebt $1.77B USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfDebt $1.19B USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfDebt $2.08B USD 1 Quarter
Dividends paid PaymentsOfOrdinaryDividends $373.00M USD 1 Quarter
Dividends paid PaymentsOfOrdinaryDividends $366.00M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $220.00M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $399.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $71.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $297.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-308.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-392.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-30.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.00M USD 1 Quarter
Net increase (decrease) in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-29.00M USD 1 Quarter
Net increase (decrease) in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $117.00M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $843.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $726.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $854.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $843.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $726.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $854.00M USD Point-in-time
Income taxes paid IncomeTaxesPaid $149.00M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $128.00M USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.85 USD 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.87 USD 1 Quarter
Number of dividends declared per quarter NumberOfDividendsDeclaredPerQuarter 2.00 Dividend 1 Quarter
Number of dividends declared per quarter NumberOfDividendsDeclaredPerQuarter 2.00 Dividend 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $558.00M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $341.00M USD Point-in-time
Net income ProfitLoss $600.00M USD 1 Quarter
Net income ProfitLoss $748.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-321.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $33.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $558.00M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $341.00M USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.15B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.13B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.13B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.47B USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $1.14B USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $1.03B USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $1.04B USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $1.12B USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $600.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $748.00M USD 1 Quarter
Cumulative translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-355.00M USD 1 Quarter
Cumulative translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $26.00M USD 1 Quarter
Retirement plans and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-12.00M USD 1 Quarter
Retirement plans and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-16.00M USD 1 Quarter
Gains (losses) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $18.00M USD 1 Quarter
Gains (losses) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-5.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-321.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $33.00M USD 1 Quarter
Total Comprehensive income including noncontrolling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $427.00M USD 1 Quarter
Total Comprehensive income including noncontrolling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $633.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $33.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $40.00M USD 1 Quarter
Less: Cumulative translation adjustments attributable to noncontrolling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $5.00M USD 1 Quarter
Less: Cumulative translation adjustments attributable to noncontrolling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-16.00M USD 1 Quarter
Total Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $17.00M USD 1 Quarter
Total Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $45.00M USD 1 Quarter
Total Comprehensive income attributable to Colgate-Palmolive Company ComprehensiveIncomeNetOfTax $410.00M USD 1 Quarter
Total Comprehensive income attributable to Colgate-Palmolive Company ComprehensiveIncomeNetOfTax $588.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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