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10-Q Filing

COLGATE PALMOLIVE CO CIK: 21665 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000021665-21-000010
Period End Date 20210331
Filing Date 20210430
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance cl-20210331_htm.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $89.00M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $89.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $888.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $995.00M USD Point-in-time
Receivables (net of allowances of $89 and $89, respectively) AccountsReceivableNetCurrent $1.26B USD Point-in-time
Receivables (net of allowances of $89 and $89, respectively) AccountsReceivableNetCurrent $1.40B USD Point-in-time
Inventories InventoryNet $1.67B USD Point-in-time
Inventories InventoryNet $1.68B USD Point-in-time
Other current assets OtherAssetsCurrent $513.00M USD Point-in-time
Other current assets OtherAssetsCurrent $490.00M USD Point-in-time
Total current assets AssetsCurrent $4.56B USD Point-in-time
Total current assets AssetsCurrent $4.34B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $8.64B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $8.75B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $5.04B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $5.03B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.72B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.61B USD Point-in-time
Goodwill Goodwill $3.82B USD Point-in-time
Goodwill Goodwill $3.70B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.89B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.79B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $201.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $291.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $857.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $940.00M USD Point-in-time
Total assets Assets $15.92B USD Point-in-time
Total assets Assets $15.80B USD Point-in-time
Notes and loans payable ShortTermBankLoansAndNotesPayable $254.00M USD Point-in-time
Notes and loans payable ShortTermBankLoansAndNotesPayable $258.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $9.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $9.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.31B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.39B USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $422.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $403.00M USD Point-in-time
Other accruals OtherAccruedLiabilitiesCurrent $2.55B USD Point-in-time
Other accruals OtherAccruedLiabilitiesCurrent $2.34B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.40B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.54B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.33B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.57B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $415.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $426.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.61B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.65B USD Point-in-time
Total liabilities Liabilities $14.82B USD Point-in-time
Total liabilities Liabilities $15.14B 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 $2.97B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.01B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $23.62B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $23.70B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.46B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.34B USD Point-in-time
Unearned compensation UnearnedCompensation $1.00M USD Point-in-time
Unearned compensation UnearnedCompensation - USD Point-in-time
Treasury stock, at cost TreasuryStockValue $23.38B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $23.05B USD Point-in-time
Total Colgate-Palmolive Company shareholders equity StockholdersEquity $743.00M USD Point-in-time
Total Colgate-Palmolive Company shareholders equity StockholdersEquity $262.00M USD Point-in-time
Noncontrolling interests MinorityInterest $401.00M USD Point-in-time
Noncontrolling interests MinorityInterest $358.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.10B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $663.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.80B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.92B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.10B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.34B USD 1 Quarter
Cost of sales CostOfRevenue $1.63B USD 1 Quarter
Cost of sales CostOfRevenue $1.71B USD 1 Quarter
Gross profit GrossProfit $2.64B USD 1 Quarter
Gross profit GrossProfit $2.46B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.47B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.60B USD 1 Quarter
Other (income) expense, net OtherOperatingIncomeExpenseNet $-40.00M USD 1 Quarter
Other (income) expense, net OtherOperatingIncomeExpenseNet $-28.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $952.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $1.00B USD 1 Quarter
Non-service related postretirement costs NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $18.00M USD 1 Quarter
Non-service related postretirement costs NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $21.00M USD 1 Quarter
Interest (income) expense, net InterestExpenseNet $29.00M USD 1 Quarter
Interest (income) expense, net InterestExpenseNet $36.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $957.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $895.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $229.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $147.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $728.00M 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 $47.00M USD 1 Quarter
Net income attributable to Colgate-Palmolive Company NetIncomeLoss $715.00M USD 1 Quarter
Net income attributable to Colgate-Palmolive Company NetIncomeLoss $681.00M USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $0.83 USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $0.80 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $0.83 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $0.80 USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $728.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $748.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $137.00M 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 $-13.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $16.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $38.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $6.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-99.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $170.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $211.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-29.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $40.00M USD 1 Quarter
Accounts payable and other accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $220.00M USD 1 Quarter
Accounts payable and other accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-75.00M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $38.00M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $13.00M USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivities $768.00M USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivities $598.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $107.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $82.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireMarketableSecurities $42.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireMarketableSecurities $29.00M USD 1 Quarter
Proceeds from sale of marketable securities and investments ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Proceeds from sale of marketable securities and investments ProceedsFromSaleAndMaturityOfMarketableSecurities $16.00M USD 1 Quarter
Payment for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $351.00M USD 1 Quarter
Payment for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $6.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-459.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-142.00M USD 1 Quarter
Short-term borrowing (repayment) less than 90 days, net ProceedsFromOtherShortTermDebt $365.00M USD 1 Quarter
Short-term borrowing (repayment) less than 90 days, net ProceedsFromOtherShortTermDebt $17.00M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromOtherDebt $25.00M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromOtherDebt - USD 1 Quarter
Dividends paid PaymentsOfOrdinaryDividends $376.00M USD 1 Quarter
Dividends paid PaymentsOfOrdinaryDividends $373.00M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $372.00M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $220.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $297.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $30.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-29.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-6.00M 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 $-334.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-15.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-30.00M 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 $107.00M 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 $854.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $995.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $888.00M 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 $854.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $995.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $888.00M USD Point-in-time
Income taxes paid IncomeTaxesPaid $227.00M 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 $0.89 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 $1.10B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $663.00M USD Point-in-time
Net income ProfitLoss $728.00M 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 $-113.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.10B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $663.00M USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.16B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.47B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.31B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.13B 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 $1.18B USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $1.18B 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 $728.00M 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 $-158.00M USD 1 Quarter
Retirement plans and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.00M USD 1 Quarter
Retirement plans and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-16.00M USD 1 Quarter
Gains (losses) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $43.00M USD 1 Quarter
Gains (losses) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $18.00M 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 $-113.00M USD 1 Quarter
Total Comprehensive income including noncontrolling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $427.00M USD 1 Quarter
Total Comprehensive income including noncontrolling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $615.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $33.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $47.00M USD 1 Quarter
Less: Cumulative translation adjustments attributable to noncontrolling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-16.00M USD 1 Quarter
Less: Cumulative translation adjustments attributable to noncontrolling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-3.00M USD 1 Quarter
Total Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $17.00M USD 1 Quarter
Total Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $44.00M USD 1 Quarter
Total Comprehensive income attributable to Colgate-Palmolive Company ComprehensiveIncomeNetOfTax $571.00M USD 1 Quarter
Total Comprehensive income attributable to Colgate-Palmolive Company ComprehensiveIncomeNetOfTax $410.00M USD 1 Quarter

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

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