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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Data [Abstract] |
Schedule of Quarterly Financial Information |
| Total |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |
2019 |  |  |  |  |  |  |  |  |  |
Net sales | $ | 15,693 |  |  | $ | 3,884 |  |  | $ | 3,866 |  |  | $ | 3,928 |  |  | $ | 4,015 |  |
Gross profit | 9,325 |  | (1) | 2,287 |  | (3) | 2,308 |  | (5) | 2,316 |  | (7) | 2,414 |  | (9)
Net income including noncontrolling interests | 2,527 |  | (2) | 600 |  | (4) | 618 |  | (6) | 627 |  | (8) | 682 |  | (10)
Net income attributable to Colgate-Palmolive Company | 2,367 |  | (2) | 560 |  | (4) | 586 |  | (6) | 578 |  | (8) | 643 |  | (10)
Earnings per common share: |  |  |  |  |  |  |  |  |  |
Basic | 2.76 |  | (2) | 0.65 |  | (4) | 0.68 |  | (6) | 0.67 |  | (8) | 0.75 |  | (10)
Diluted | 2.75 |  | (2) | 0.65 |  | (4) | 0.68 |  | (6) | 0.67 |  | (8) | 0.75 |  | (10)
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 15,544 |  |  | $ | 4,002 |  |  | $ | 3,886 |  |  | $ | 3,845 |  |  | $ | 3,811 |  |
Gross profit | 9,231 |  | (11) | 2,408 |  | (13) | 2,301 |  | (15) | 2,269 |  | (17) | 2,253 |  | (19)
Net income including noncontrolling interests | 2,558 |  | (12) | 678 |  | (14) | 675 |  | (16) | 562 |  | (18) | 643 |  | (20)
Net income attributable to Colgate-Palmolive Company | 2,400 |  | (12) | 634 |  | (14) | 637 |  | (16) | 523 |  | (18) | 606 |  | (20)
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | 2.76 |  | (12) | 0.72 |  | (14) | 0.73 |  | (16) | 0.60 |  | (18) | 0.70 |  | (20)
Diluted | 2.75 |  | (12) | 0.72 |  | (14) | 0.73 |  | (16) | 0.60 |  | (18) | 0.70 |  | (20)
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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 2019 includes $8 of charges related to the Global Growth and Efficiency Program, and a $3 charge for acquisition-related costs.
(2) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2019 includes $102 of aftertax charges related to the Global Growth and Efficiency Program, a $20 aftertax charge for acquisition-related costs, a $20 aftertax benefit related to a value added tax matter in Brazil and a $29 tax benefit related to Swiss income tax reform.
(3) | Gross profit for the first quarter of 2019 includes $11 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 2019 include $22 of aftertax charges related to the Global Growth and Efficiency Program.
(5) | Gross profit for the second quarter of 2019 includes $3 of benefit 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 2019 includes $31 of aftertax charges related to the Global Growth and Efficiency Program.
(7) | Gross profit for the third quarter of 2019 includes $1 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 2019 include $22 of aftertax charges related to the Global Growth and Efficiency Program and a $14 aftertax charge for acquisition-related costs.
(9) | Gross profit for the fourth quarter of 2019 includes $1 of benefit related to the Global Growth and Efficiency Program, and a $3 charge for acquisition-related costs.
(10) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the fourth quarter of 2019 include $27 of aftertax charges related to the Global Growth and Efficiency Program, a $6 charge for acquisition-related costs, a $20 aftertax benefit related to a value added tax matter in Brazil and a $29 tax benefit related to Swiss income tax reform.
(11) | Gross profit for the full year of 2018 includes $31 of charges related to the Global Growth and Efficiency Program.
(12) | Net income including noncontrolling interests for the full year of 2018 includes $124 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 2018 include $125 of aftertax charges related to the Global Growth and Efficiency Program, an $80 charge related to U.S. tax reform and a $15 benefit from a foreign tax matter.
(13) | Gross profit for the first quarter of 2018 includes $6 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 2018 include $20 of aftertax charges related to the Global Growth and Efficiency Program.
(15) | Gross profit for the second quarter of 2018 includes $5 of charges related to the Global Growth and Efficiency Program.
(16) | Net income including noncontrolling interests for the second quarter of 2018 includes $48 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 2018 include $51 of aftertax charges related to the Global Growth and Efficiency Program and a $15 benefit from a foreign tax matter.
(17) | Gross profit for the third quarter of 2018 includes $8 of charges related to the Global Growth and Efficiency Program.
(18) | Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2018 include $22 of aftertax charges related to the Global Growth and Efficiency Program and a $80 charge related to U.S. tax reform.
(19) | Gross profit for the fourth quarter of 2018 includes $12 of charges related to the Global Growth and Efficiency Program.
(20) Net income including noncontrolling interests for the fourth quarter of 2018 include $34 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 fourth quarter of 2018 include $32 of aftertax charges related to the Global Growth and Efficiency Program.

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