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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
USD ($)
Dividend
$ / shares
Jun. 30, 2017
USD ($)
Dividend
$ / shares
Jun. 30, 2018
USD ($)
$ / shares
Jun. 30, 2017
USD ($)
$ / shares
[1]
Income Statement [Abstract]        
Net sales $ 3,886 $ 3,826 [1] $ 7,888 $ 7,588
Cost of sales 1,585 1,526 [1] 3,179 3,019
Gross profit 2,301 2,300 [1] 4,709 4,569
Selling, general and administrative expenses 1,300 1,309 [1] 2,692 2,645
Other (income) expense, net 55 113 [1] 88 134
Operating profit 946 878 [1] 1,929 1,790
Non-service related postretirement costs 23 25 [1] 47 52
Interest (income) expense, net 35 24 [1] 70 47
Income before income taxes 888 829 [1] 1,812 1,691
Provision for income taxes 213 269 [1] 459 520
Net income including noncontrolling interests 675 560 [1] 1,353 1,171
Less: Net income attributable to noncontrolling interests 38 36 [1] 82 77
Net income attributable to Colgate-Palmolive Company $ 637 $ 524 [1] $ 1,271 $ 1,094
Earnings per common share, basic (in dollars per share) | $ / shares $ 0.73 $ 0.59 [1] $ 1.46 $ 1.24
Earnings per common share, diluted (in dollars per share) | $ / shares 0.73 0.59 [1] 1.45 1.23
Dividends declared per common share (in dollars per share) | $ / shares [2] $ 0.42 $ 0.40 [1] $ 1.24 $ 1.19
Number of dividends declared per quarter (in dividends) | Dividend 2 2    
[1] Prior year amounts have been reclassified to conform to the current year presentation as a result of the adoption of Accounting Standards Update (“ASU”) No. 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” For further information regarding the impact of the reclassification, see Note 1, Basis of Presentation, Note 3, Recent Accounting Pronouncements and Updated Accounting Policies and Note 13, Segment Information to the Condensed Consolidated Financial Statements.
[2] Two dividends were declared in the first quarter of 2018 and 2017.