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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited)
| Total |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |
2020 |  |  |  |  |  |  |  |  |  |
Net sales | $ | 16,471 |  |  | $ | 4,097 |  |  | $ | 3,897 |  |  | $ | 4,153 |  |  | $ | 4,324 |  |
Gross profit | 10,017 |  | (1) | 2,465 |  | (3) | 2,369 |  |  | 2,540 |  |  | 2,643 |  |
Net income including noncontrolling interests | 2,860 |  | (2) | 748 |  | (4) | 675 |  |  | 745 |  | (5) | 692 |  | (6)
Net income attributable to Colgate-Palmolive Company | 2,695 |  | (2) | 715 |  | (4) | 635 |  |  | 698 |  | (5) | 647 |  | (6)
Earnings per common share: |  |  |  |  |  |  |  |  |  |
Basic | 3.15 |  | (2) | 0.83 |  | (4) | 0.74 |  |  | 0.81 |  | (5) | 0.76 |  | (6)
Diluted | 3.14 |  | (2) | 0.83 |  | (4) | 0.74 |  |  | 0.81 |  | (5) | 0.75 |  | (6)
2019 |  |  |  |  |  |  |  |  |  |
Net sales | $ | 15,693 |  |  | $ | 3,884 |  |  | $ | 3,866 |  |  | $ | 3,928 |  |  | $ | 4,015 |  |
Gross profit | 9,325 |  | (7) | 2,287 |  | (9) | 2,308 |  | (11) | 2,316 |  | (13) | 2,414 |  | (15)
Net income including noncontrolling interests | 2,527 |  | (8) | 600 |  | (10) | 618 |  | (12) | 627 |  | (14) | 682 |  | (16)
Net income attributable to Colgate-Palmolive Company | 2,367 |  | (8) | 560 |  | (10) | 586 |  | (12) | 578 |  | (14) | 643 |  | (16)
Earnings per common share: |  |  |  |  |  |  |  |  |  |
Basic | 2.76 |  | (8) | 0.65 |  | (10) | 0.68 |  | (12) | 0.67 |  | (14) | 0.75 |  | (16)
Diluted | 2.75 |  | (8) | 0.65 |  | (10) | 0.68 |  | (12) | 0.67 |  | (14) | 0.75 |  | (16)
____________ 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 2020 includes a $4 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 2020 include aftertax benefits of $13 resulting from the Global Growth and Efficiency Program, a $4 aftertax charge for acquisition-related costs, a $71 tax benefit related to subsidiary and operating structure initiatives and a $18 aftertax loss on the early extinguishment of debt. (3)Gross profit for the first quarter of 2020 includes a $4 charge for acquisition-related costs. (4)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the first quarter of 2020 include a $4 aftertax charge for acquisition-related costs and a $71 tax benefit related to subsidiary and operating structure initiatives. (5)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the third quarter of 2020 include aftertax benefits of $13 resulting from 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 fourth quarter of 2020 include a $18 aftertax loss on the early extinguishment of debt. (7)Gross profit for the full year of 2019 includes $8 of charges resulting from the Global Growth and Efficiency Program and a $3 charge for acquisit ion-related costs. (8)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the full year of 2019 include $102 of aftertax charges resulting from 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. (9)Gross profit for the first quarter of 2019 includes $11 of charges resulting from 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 first quarter of 2019 include $22 of aftertax charges resulting from the Global Growth and Efficiency Program. (11)Gross profit for the second quarter of 2019 includes $3 of charges resulting from the Global Growth and Efficiency Program. (12)Net income including noncontrolling interests, Net income attributable to Colgate-Palmolive Company and Earnings per common share for the second quarter of 2019 include $31 of aftertax charges resulting from the Global Growth and Efficiency Program. (13)Gross profit for the third quarter of 2019 includes $1 of charges resulting from 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 third quarter of 2019 include $22 of aftertax charges resulting from the Global Growth and Efficiency Program and a $14 aftertax charge related to U.S. tax reform. (15)Gross profit for the fourth quarter of 2019 includes $1 of benefit resulting from the Global Growth and Efficiency Program and a $3 charge for acquisition-related costs. (16)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 resulting from 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.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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