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10-Q Filing

COLGATE PALMOLIVE CO CIK: 21665 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000021665-23-000016
Period End Date 20230331
Filing Date 20230428
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance cl-20230331_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable, current AllowanceForDoubtfulAccountsReceivableCurrent $70.00M USD Point-in-time
Allowance for doubtful accounts receivable, current AllowanceForDoubtfulAccountsReceivableCurrent $81.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $775.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $867.00M USD Point-in-time
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Receivables (net of allowances of $81 and $70, respectively) AccountsReceivableNetCurrent $1.59B USD Point-in-time
Receivables (net of allowances of $81 and $70, respectively) AccountsReceivableNetCurrent $1.50B USD Point-in-time
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock authorized (in shares) CommonStockSharesAuthorized 2.00B shares Point-in-time
Common stock authorized (in shares) CommonStockSharesAuthorized 2.00B shares Point-in-time
Inventories InventoryNet $2.11B USD Point-in-time
Inventories InventoryNet $2.07B USD Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 1.47B shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 1.47B shares Point-in-time
Other current assets OtherAssetsCurrent $899.00M USD Point-in-time
Other current assets OtherAssetsCurrent $760.00M USD Point-in-time
Total current assets AssetsCurrent $5.11B USD Point-in-time
Total current assets AssetsCurrent $5.47B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $9.81B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $9.58B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $5.28B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $5.45B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $4.36B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $4.31B USD Point-in-time
Goodwill Goodwill $3.38B USD Point-in-time
Goodwill Goodwill $3.35B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.92B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.92B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $179.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $135.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $904.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $872.00M USD Point-in-time
Total assets Assets $16.17B USD Point-in-time
Total assets Assets $15.73B USD Point-in-time
Notes and loans payable ShortTermBankLoansAndNotesPayable $11.00M USD Point-in-time
Notes and loans payable ShortTermBankLoansAndNotesPayable $22.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $15.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $14.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.61B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.55B USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $297.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $317.00M USD Point-in-time
Other accruals OtherAccruedLiabilitiesCurrent $2.11B USD Point-in-time
Other accruals OtherAccruedLiabilitiesCurrent $2.50B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.00B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.44B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $8.87B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $8.74B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $383.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $421.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.80B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.02B USD Point-in-time
Total liabilities Liabilities $14.93B USD Point-in-time
Total liabilities Liabilities $15.75B USD Point-in-time
Common stock, $1 par value (2,000,000,000 shares authorized, 1,465,706,360 shares issued) CommonStockValue $1.47B USD Point-in-time
Common stock, $1 par value (2,000,000,000 shares authorized, 1,465,706,360 shares issued) CommonStockValue $1.47B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.55B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.60B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $24.57B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $24.15B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.98B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.05B USD Point-in-time
Unearned compensation UnearnedCompensation $1.00M USD Point-in-time
Unearned compensation UnearnedCompensation - USD Point-in-time
Treasury stock, at cost TreasuryStockCommonValue $25.13B USD Point-in-time
Treasury stock, at cost TreasuryStockCommonValue $25.25B USD Point-in-time
Total Colgate-Palmolive Company shareholders equity StockholdersEquity $-6.00M USD Point-in-time
Total Colgate-Palmolive Company shareholders equity StockholdersEquity $401.00M USD Point-in-time
Noncontrolling interests MinorityInterest $405.00M USD Point-in-time
Noncontrolling interests MinorityInterest $431.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $806.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $425.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.73B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $16.17B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.77B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.40B USD 1 Quarter
Cost of sales CostOfRevenue $2.06B USD 1 Quarter
Cost of sales CostOfRevenue $1.83B USD 1 Quarter
Gross profit GrossProfit $2.57B USD 1 Quarter
Gross profit GrossProfit $2.71B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.76B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.64B USD 1 Quarter
Other (income) expense, net OtherOperatingIncomeExpenseNet $-45.00M USD 1 Quarter
Other (income) expense, net OtherOperatingIncomeExpenseNet $-71.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $909.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $860.00M USD 1 Quarter
Non-service related postretirement costs NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $38.00M USD 1 Quarter
Non-service related postretirement costs NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $294.00M USD 1 Quarter
Interest (income) expense, net InterestExpenseNet $27.00M USD 1 Quarter
Interest (income) expense, net InterestExpenseNet $54.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $561.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $795.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $192.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $147.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $414.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $603.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $44.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $42.00M USD 1 Quarter
Net income attributable to Colgate-Palmolive Company NetIncomeLoss $559.00M USD 1 Quarter
Net income attributable to Colgate-Palmolive Company NetIncomeLoss $372.00M USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $0.67 USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $0.45 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $0.66 USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $414.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $603.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $128.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $138.00M USD 1 Quarter
ERISA litigation matter LitigationSettlementExpense $267.00M USD 1 Quarter
ERISA litigation matter LitigationSettlementExpense - USD 1 Quarter
Restructuring and termination benefits, net of cash RestructuringNetOfCash $-7.00M USD 1 Quarter
Restructuring and termination benefits, net of cash RestructuringNetOfCash $81.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $29.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $14.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-7.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-20.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $197.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $57.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $215.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $24.00M USD 1 Quarter
Accounts payable and other accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-28.00M USD 1 Quarter
Accounts payable and other accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-2.00M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $18.00M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-22.00M USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivities $735.00M USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivities $386.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $163.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $122.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireMarketableSecurities $112.00M USD 1 Quarter
Purchases of marketable securities and investments PaymentsToAcquireMarketableSecurities $36.00M USD 1 Quarter
Proceeds from sale of marketable securities and investments ProceedsFromSaleAndMaturityOfMarketableSecurities $14.00M USD 1 Quarter
Proceeds from sale of marketable securities and investments ProceedsFromSaleAndMaturityOfMarketableSecurities $14.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-3.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $3.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-141.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-264.00M USD 1 Quarter
Repayments of Other Short-Term Debt RepaymentsOfOtherShortTermDebt $927.00M USD 1 Quarter
Short-term borrowing (repayment) less than 90 days, net ProceedsFromOtherShortTermDebt $413.00M USD 1 Quarter
Principal payments of debt RepaymentsOfOtherDebt $500.00M USD 1 Quarter
Principal payments of debt RepaymentsOfOtherDebt - USD 1 Quarter
Proceeds from issuance of debt ProceedsFromOtherDebt $5.00M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromOtherDebt $1.50B USD 1 Quarter
Dividends paid PaymentsOfOrdinaryDividends $378.00M USD 1 Quarter
Dividends paid PaymentsOfOrdinaryDividends $390.00M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $410.00M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $180.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $171.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $122.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-5.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $5.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-375.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-204.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-4.00M USD 1 Quarter
Net increase (decrease) in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $92.00M USD 1 Quarter
Net increase (decrease) in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $45.00M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $832.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $877.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $775.00M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $867.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $832.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $877.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $775.00M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $867.00M USD Point-in-time
Income taxes paid IncomeTaxesPaid $155.00M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $171.00M USD 1 Quarter
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.95 USD 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.92 USD 1 Quarter
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.49B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.35B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.43B USD Point-in-time
Accumulated other comprehensive loss, cumulative translation losses AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.27B USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $631.00M USD Point-in-time
Accumulated other comprehensive income (loss), unrecognized retirement plan and other retiree benefit costs AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $624.00M 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 $1.03B USD Point-in-time
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 $806.00M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $425.00M USD Point-in-time
Net income ProfitLoss $414.00M USD 1 Quarter
Net income ProfitLoss $603.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $56.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $135.00M USD 1 Quarter
Other StockholdersEquityOther $-1.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $806.00M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $425.00M USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $414.00M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $603.00M USD 1 Quarter
Cumulative translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $43.00M USD 1 Quarter
Cumulative translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $80.00M USD 1 Quarter
Retirement plans and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-14.00M USD 1 Quarter
Retirement plans and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-7.00M USD 1 Quarter
Gains (losses) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $6.00M USD 1 Quarter
Gains (losses) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $41.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $135.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $56.00M USD 1 Quarter
Total Comprehensive income including noncontrolling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $738.00M USD 1 Quarter
Total Comprehensive income including noncontrolling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $470.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $44.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $42.00M 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 $-2.00M USD 1 Quarter
Total Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $42.00M USD 1 Quarter
Total Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $26.00M USD 1 Quarter
Total Comprehensive income attributable to Colgate-Palmolive Company ComprehensiveIncomeNetOfTax $696.00M USD 1 Quarter
Total Comprehensive income attributable to Colgate-Palmolive Company ComprehensiveIncomeNetOfTax $444.00M USD 1 Quarter

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

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