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Segment Information | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The operations of the Oral, Personal and Home Care product segment are managed geographically in five reportable operating segments: North America, Latin America, Europe, Asia Pacific and Africa/Eurasia. The Company evaluates segment performance based on several factors, including Operating profit. The Company uses Operating profit as a measure of operating segment performance because it excludes the impact of Corporate-driven decisions related to interest expense and income taxes. Effective January 1, 2018, as required, the Company adopted ASU No. 2017-07, “Compensation–Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” on a retrospective basis. To conform to the current year’s presentation, for the twelve months ended December 31, 2017 and 2016, the Company reclassified $118 and $118, respectively, of non-service related components of pension and other postretirement costs, which was previously deducted from Operating profit, to a new line item, “Non-service related postretirement costs,” which is below Operating profit. The impact of the reclassification from Operating profit by segment for the twelve months ended December 31, 2017 is as follows: North America $57, Latin America $9, Europe $6, Asia Pacific $1, Africa/Eurasia $1, Pet Nutrition $24 and Corporate $20. The impact of the reclassification from Operating profit by segment for the twelve months ended December 31, 2016 is as follows: North America $57, Latin America $7, Europe $7, Asia Pacific $1, Africa/Eurasia $1, Pet Nutrition $24 and Corporate $21. The reclassification had no effect on Net income attributable to Colgate-Palmolive Company, Earnings per common share or Cash flow. The accounting policies of the operating segments are generally the same as those described in Note 2, Summary of Significant Accounting Policies. Intercompany sales have been eliminated. Corporate operations include costs related to stock options and restricted stock units, research and development costs, Corporate overhead costs, restructuring and related implementation charges and gains and losses on sales of non-core product lines and assets. The Company reports these items within Corporate operations as they relate to Corporate-based responsibilities and decisions and are not included in the internal measures of segment operating performance used by the Company to measure the underlying performance of the operating segments. Approximately 70% of the Company’s Net sales are generated from markets outside the U.S., with approximately 50% of the Company’s Net sales coming from emerging markets (which consist of Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe). Oral, Personal and Home Care sales to Wal-Mart, Inc. and its affiliates represent approximately 11% of the Company’s Net sales in 2018. No other customer represents more than 10% of Net sales. In 2018, 2017 and 2016, Corporate Operating profit included charges of $152, $313 and $216, respectively, resulting from the Global Growth and Efficiency Program. In 2016, Corporate Operating profit also included charges of $17 for a litigation matter and a gain of $97 on the sale of land in Mexico.
|  | 2018 |  | 2017 |  | 2016
Net sales |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |
North America(1) |  | $ | 3,348 |  |  | $ | 3,117 |  |  | $ | 3,183 |
Latin America |  | 3,605 |  |  | 3,887 |  |  | 3,650 |
Europe |  | 2,502 |  |  | 2,394 |  |  | 2,342 |
Asia Pacific |  | 2,734 |  |  | 2,781 |  |  | 2,796 |
Africa/Eurasia |  | 967 |  |  | 983 |  |  | 960 |
Total Oral, Personal and Home Care |  | 13,156 |  |  | 13,162 |  |  | 12,931 |
Pet Nutrition(2) |  | 2,388 |  |  | 2,292 |  |  | 2,264 |
Total Net sales |  | $ | 15,544 |  |  | $ | 15,454 |  |  | $ | 15,195 |
_________ (1) Net sales in the U.S. for Oral, Personal and Home Care were $3,091, $2,865 and $2,932 in 2018, 2017 and 2016, respectively. (2) Net sales in the U.S. for Pet Nutrition were $1,304, $1,246 and $1,243 in 2018, 2017 and 2016, respectively.
|  | 2018 |  | 2017 |  | 2016
Operating profit |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America |  | $ | 1,037 |  |  | $ | 1,043 |  |  | $ | 1,087 |
Latin America |  | 995 |  |  | 1,171 |  |  | 1,139 |
Europe |  | 634 |  |  | 605 |  |  | 586 |
Asia Pacific |  | 777 |  |  | 842 |  |  | 888 |
Africa/Eurasia |  | 173 |  |  | 180 |  |  | 187 |
Total Oral, Personal and Home Care |  | 3,616 |  |  | 3,841 |  |  | 3,887 |
Pet Nutrition |  | 680 |  |  | 677 |  |  | 677 |
Corporate |  | (602 | ) |  | (811 | ) |  | (609 | )
Total Operating profit |  | $ | 3,694 |  |  | $ | 3,707 |  |  | $ | 3,955 |
|  | 2018 |  | 2017 |  | 2016
Capital expenditures |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America |  | $ | 53 |  |  | $ | 74 |  |  | $ | 151 |
Latin America |  | 131 |  |  | 127 |  |  | 94 |
Europe |  | 39 |  |  | 63 |  |  | 51 |
Asia Pacific |  | 75 |  |  | 125 |  |  | 120 |
Africa/Eurasia |  | 11 |  |  | 13 |  |  | 17 |
Total Oral, Personal and Home Care |  | 309 |  |  | 402 |  |  | 433 |
Pet Nutrition |  | 35 |  |  | 33 |  |  | 38 |
Corporate |  | 92 |  |  | 118 |  |  | 122 |
Total Capital expenditures |  | $ | 436 |  |  | $ | 553 |  |  | $ | 593 |
|  | 2018 |  | 2017 |  | 2016
Depreciation and amortization |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America |  | $ | 88 |  |  | $ | 58 |  |  | $ | 54 |
Latin America |  | 82 |  |  | 82 |  |  | 76 |
Europe |  | 70 |  |  | 74 |  |  | 64 |
Asia Pacific |  | 103 |  |  | 101 |  |  | 96 |
Africa/Eurasia |  | 8 |  |  | 8 |  |  | 7 |
Total Oral, Personal and Home Care |  | 351 |  |  | 323 |  |  | 297 |
Pet Nutrition |  | 53 |  |  | 53 |  |  | 53 |
Corporate |  | 107 |  |  | 99 |  |  | 93 |
Total Depreciation and amortization |  | $ | 511 |  |  | $ | 475 |  |  | $ | 443 |
|  | 2018 |  | 2017 |  | 2016
Identifiable assets |  |  |  |  |  |
Oral, Personal and Home Care |  |  |  |  |  |
North America |  | $ | 3,310 |  |  | $ | 2,608 |  |  | $ | 2,685 |
Latin America |  | 2,225 |  |  | 2,423 |  |  | 2,314 |
Europe |  | 2,883 |  |  | 3,781 |  |  | 3,554 |
Asia Pacific |  | 2,148 |  |  | 2,244 |  |  | 2,006 |
Africa/Eurasia |  | 502 |  |  | 544 |  |  | 499 |
Total Oral, Personal and Home Care |  | 11,068 |  |  | 11,600 |  |  | 11,058 |
Pet Nutrition |  | 1,033 |  |  | 1,026 |  |  | 1,009 |
Corporate(1) |  | 60 |  |  | 50 |  |  | 56 |
Total Identifiable assets(2) |  | $ | 12,161 |  |  | $ | 12,676 |  |  | $ | 12,123 |
____________
(1) | In 2018, Corporate identifiable assets primarily consist of derivative instruments (7%) and investments in equity securities (88%). In 2017, Corporate identifiable assets primarily consist of derivative instruments (5%) and investments in equity securities (86%). In 2016, Corporate identifiable assets primarily consist of derivative instruments (24%) and investments in equity securities (68%).
(2) | Long-lived assets in the U.S., primarily property, plant and equipment and goodwill and other intangibles represented approximately one-half of total long-lived assets of $8,259 in 2018 and one-third of total long-lived assets of $7,908 and $7,642 in 2017 and 2016, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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