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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Data [Abstract] |
Schedule of Quarterly Financial Information |
| Total |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |
2016 |  |  |  |  |  |  |  |  |  |
Net sales | $ | 15,195 |  |  | $ | 3,762 |  |  | $ | 3,845 |  |  | $ | 3,867 |  |  | $ | 3,721 |  |
Gross profit | 9,123 |  | (1) | 2,248 |  | (3) | 2,304 |  | (6) | 2,324 |  | (8) | 2,247 |  | (10)
Net income including noncontrolling interests | 2,586 |  | (2) | 574 |  | (4) | 638 |  | (7) | 746 |  | (9) | 628 |  | (11)
Net income attributable to Colgate-Palmolive Company | 2,441 |  | (2) | 533 |  | (4) (5) | 600 |  | (7) | 702 |  | (9) | 606 |  | (11)
Earnings per common share: |  |  |  |  |  |  |  |  |  |
Basic | 2.74 |  | (2) | 0.60 |  | (4) | 0.67 |  | (7) | 0.79 |  | (9) | 0.68 |  | (11)
Diluted | 2.72 |  | (2) | 0.59 |  | (4) | 0.67 |  | (7) | 0.78 |  | (9) | 0.68 |  | (11)
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 16,034 |  |  | $ | 4,070 |  |  | $ | 4,066 |  |  | $ | 3,999 |  |  | $ | 3,899 |  |
Gross profit | 9,399 |  | (12) | 2,392 |  | (14) | 2,367 |  | (16) | 2,347 |  | (18) | 2,293 |  | (20)
Net income (loss) including noncontrolling interests | 1,548 |  | (13) | 583 |  | (15) | 616 |  | (17) | 770 |  | (19) | (421 | ) | (21)
Net income (loss) attributable to Colgate-Palmolive Company | 1,384 |  | (13) | 542 |  | (15) | 574 |  | (17) | 726 |  | (19) | (458 | ) | (21)
Earnings (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic | 1.53 |  | (13) | 0.60 |  | (15) | 0.63 |  | (17) | 0.81 |  | (19) | (0.51 | ) | (21)
Diluted | 1.52 |  | (13) | 0.59 |  | (15) | 0.63 |  | (17) | 0.80 |  | (19) | (0.51 | ) | (21) (22)
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Note: | Basic and diluted earnings (loss) per share are computed independently for each quarter and the year-to-date period presented. Accordingly, the sum of the quarterly earnings (loss) per common share may not necessarily equal the earnings (loss) per share for the year-to-date period.
(1) | Gross profit for the full year of 2016 includes $46 of charges related to the 2012 Restructuring Program.
(2) | Net income including noncontrolling interests for the full year of 2016 includes $169 of aftertax charges related to the 2012 Restructuring Program. Net income attributable to Colgate-Palmolive Company and earnings per common share for the full year of 2016 include $168 of aftertax charges related to the 2012 Restructuring Program, a $63 aftertax gain on the sale of land in Mexico, $11 of aftertax charges for a previously disclosed litigation matter and $35 of benefits from previously disclosed tax matters.
(3) | Gross profit for the first quarter of 2016 includes $8 of charges related to the 2012 Restructuring Program.
(4) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the first quarter of 2016 include $38 of aftertax charges related to the 2012 Restructuring Program.
(5) | In the first quarter of 2016, provision for income taxes included a $210 U.S. income tax benefit principally related to changes in Venezuela’s foreign exchange regime implemented in March 2016. In order to fully recognize the $210 tax benefit in 2016, the Company repatriated an incremental $1,500 of earnings of foreign subsidiaries it previously considered indefinitely reinvested outside of the U.S., and accordingly, recorded a tax charge of $210 during the first quarter of 2016. See Note 11, Income Taxes.
(6) | Gross profit for the second quarter of 2016 includes $12 of charges related to the 2012 Restructuring Program.
(7) | Net income including noncontrolling interests for the second quarter of 2016 includes $45 of aftertax charges related to the 2012 Restructuring Program and a $13 benefit from a previously disclosed tax matter. Net income attributable to Colgate-Palmolive Company and earnings per common share include $44 of aftertax charges related to the 2012 Restructuring Program and a $13 benefit from a previously disclosed tax matter.
(8) | Gross profit for the third quarter of 2016 includes $11 of charges related to the 2012 Restructuring Program.
(9) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the third quarter of 2016 include $32 of aftertax charges related to the 2012 Restructuring Program, a $63 aftertax gain on the sale of land in Mexico, a $4 aftertax charge for a previously disclosed litigation matter and $22 of benefits from previously disclosed tax matters.
(10) | Gross profit for the fourth quarter of 2016 includes $15 of charges related to the 2012 Restructuring Program.
(11) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and earnings per common share for the fourth quarter of 2016 include $54 of aftertax charges related to the 2012 Restructuring Program and a $7 aftertax charge for a previously disclosed litigation matter.
(12) | Gross profit for the full year of 2015 includes $20 of charges related to the 2012 Restructuring Program.
(13) | Net income (loss) including noncontrolling interests for the full year of 2015 includes $185 of aftertax charges related to the 2012 Restructuring Program. Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the full year of 2015 include a $1,058 aftertax charge related to the deconsolidation of the Company’s Venezuelan operations, $183 of aftertax charges related to the 2012 Restructuring Program, $22 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of effective devaluations, a $120 aftertax gain on the sale of the Company’s laundry detergent business in the South Pacific, a $15 charge for a previously disclosed tax matter and a $14 aftertax charge for a previously disclosed litigation matter.
(14) | Gross profit for the first quarter of 2015 includes $4 of charges related to the 2012 Restructuring Program.
(15) | Net income (loss) including noncontrolling interests for the first quarter of 2015 includes $69 of aftertax charges related to the 2012 Restructuring Program. Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share include $67 of aftertax charges related to the 2012 Restructuring Program.
(16) | Gross profit for the second quarter of 2015 includes $4 of charges related to the 2012 Restructuring Program.
(17) | Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the second quarter of 2015 include $40 of aftertax charges related to the 2012 Restructuring Program, $10 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and a $15 charge for a previously disclosed tax matter.
(18) | Gross profit for the third quarter of 2015 includes $3 of charges related to the 2012 Restructuring Program.
(19) | Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss)per common share for the third quarter of 2015 include $35 of aftertax charges related to the 2012 Restructuring Program, $12 of aftertax charges related to the remeasurement of CP Venezuela’s local currency-denominated net monetary assets as a result of an effective devaluation and a $120 aftertax gain on sale of the Company’s laundry detergent business in the South Pacific.
(20) | Gross profit for the fourth quarter of 2015 includes $9 of charges related to the 2012 Restructuring Program.
(21) | Net income (loss) including noncontrolling interests, Net income (loss) attributable to Colgate-Palmolive Company and earnings (loss) per common share for the fourth quarter of 2015 include a $1,058 aftertax charge related to the deconsolidation of the Company’s Venezuelan operations, $41 of aftertax charges related to the 2012 Restructuring Program and a $14 aftertax charge for a previously disclosed litigation matter.
(22) | The computation for Diluted (loss) per common share for the fourth quarter of 2015 excludes 6.6 million of incremental common shares outstanding during the period as they were anti-dilutive.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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