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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited)
| Total |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |
2017 |  |  |  |  |  |  |  |  |  |
Net sales | $ | 15,454 |  |  | $ | 3,762 |  |  | $ | 3,826 |  |  | $ | 3,974 |  |  | $ | 3,892 |  |
Gross profit | 9,280 |  | (1) | 2,269 |  | (3) | 2,300 |  | (5) | 2,383 |  | (7) | 2,328 |  | (9)
Net income including noncontrolling interests | 2,174 |  | (2) | 611 |  | (4) | 560 |  | (6) | 650 |  | (8) | 353 |  | (10)
Net income attributable to Colgate-Palmolive Company | 2,024 |  | (2) | 570 |  | (4) | 524 |  | (6) | 607 |  | (8) | 323 |  | (10)
Earnings per common share: |  |  |  |  |  |  |  |  |  |
Basic | 2.30 |  | (2) | 0.64 |  | (4) | 0.59 |  | (6) | 0.69 |  | (8) | 0.37 |  | (10)
Diluted | 2.28 |  | (2) | 0.64 |  | (4) | 0.59 |  | (6) | 0.68 |  | (8) | 0.37 |  | (10)
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 15,195 |  |  | $ | 3,762 |  |  | $ | 3,845 |  |  | $ | 3,867 |  |  | $ | 3,721 |  |
Gross profit | 9,123 |  | (11) | 2,248 |  | (13) | 2,304 |  | (16) | 2,324 |  | (18) | 2,247 |  | (20)
Net income including noncontrolling interests | 2,586 |  | (12) | 574 |  | (14) | 638 |  | (17) | 746 |  | (19) | 628 |  | (21)
Net income attributable to Colgate-Palmolive Company | 2,441 |  | (12) | 533 |  | (14) (15) | 600 |  | (17) | 702 |  | (19) | 606 |  | (21)
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic | 2.74 |  | (12) | 0.60 |  | (14) | 0.67 |  | (17) | 0.79 |  | (19) | 0.68 |  | (21)
Diluted | 2.72 |  | (12) | 0.59 |  | (14) | 0.67 |  | (17) | 0.78 |  | (19) | 0.68 |  | (21)
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Note: | Basic and diluted earnings per share are computed independently for each quarter and the year-to-date period presented. Accordingly, the sum of the quarterly earnings per common share may not necessarily equal the earnings per share for the year-to-date period.
(1) | Gross profit for the full year of 2017 includes $75 of charges related to the Global Growth and Efficiency Program.
(2) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2017 include $246 of aftertax charges related to the Global Growth and Efficiency Program and a $275 charge related to U.S. tax reform.
(3) | Gross profit for the first quarter of 2017 includes $14 of charges related to the Global Growth and Efficiency Program.
(4) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the first quarter of 2017 include $31 of aftertax charges related to the Global Growth and Efficiency Program.
(5) | Gross profit for the second quarter of 2017 includes $21 of charges related to the Global Growth and Efficiency Program.
(6) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2017 include $115 of aftertax charges related to the Global Growth and Efficiency Program.
(7) | Gross profit for the third quarter of 2017 includes $16 of charges related to the Global Growth and Efficiency Program.
(8) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2017 include $39 of aftertax charges related to the Global Growth and Efficiency Program.
(9) | Gross profit for the fourth quarter of 2017 includes $24 of charges related to the Global Growth and Efficiency Program.
(10) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the fourth quarter of 2017 include $61 of aftertax charges related to the Global Growth and Efficiency Program and a $275 charge related to U.S. tax reform.
(11) | Gross profit for the full year of 2016 includes $46 of charges related to the Global Growth and Efficiency Program.
(12) | Net income including noncontrolling interests for the full year of 2016 includes $169 of aftertax charges related to the Global Growth and Efficiency 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 Global Growth and Efficiency Program, a $63 aftertax gain on the sale of land in Mexico, $11 of aftertax charges for a litigation matter and $35 of benefits from tax matters.
(13) | Gross profit for the first quarter of 2016 includes $8 of charges related to the Global Growth and Efficiency Program.
(14) | 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 Global Growth and Efficiency Program.
(15) | 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 utilize the above mentioned $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.
(16) | Gross profit for the second quarter of 2016 includes $12 of charges related to the Global Growth and Efficiency Program.
(17) | Net income including noncontrolling interests for the second quarter of 2016 includes $45 of aftertax charges related to the Global Growth and Efficiency Program. Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2016 include $44 of aftertax charges related to the Global Growth and Efficiency Program and a $13 benefit from a tax matter.
(18) | Gross profit for the third quarter of 2016 includes $11 of charges related to the Global Growth and Efficiency Program.
(19) | 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 Global Growth and Efficiency Program, a $63 aftertax gain on the sale of land in Mexico, a $4 aftertax charge for a litigation matter and $22 of benefits from tax matters.
(20) | Gross profit for the fourth quarter of 2016 includes $15 of charges related to the Global Growth and Efficiency Program.
(21) | 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 Global Growth and Efficiency Program and a $7 aftertax charge for a litigation matter.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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