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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 937 $ 888
Receivables (net of allowances of $85 and $89, respectively) 1,443 1,264
Inventories 1,700 1,673
Other current assets 572 513
Total current assets 4,652 4,338
Property, plant and equipment:    
Cost 8,848 8,751
Less: Accumulated depreciation (5,183) (5,035)
Property, plant and equipment, net 3,665 3,716
Goodwill 3,753 3,824
Other intangible assets, net 2,787 2,894
Deferred income taxes 283 291
Other assets 859 857
Total assets 15,999 15,920
Current Liabilities    
Notes and loans payable 5 258
Current portion of long-term debt 10 9
Accounts payable 1,272 1,393
Accrued income taxes 383 403
Other accruals 2,533 2,341
Total current liabilities 4,203 4,404
Long-term debt 7,951 7,334
Deferred income taxes 421 426
Other liabilities 2,562 2,655
Total liabilities 15,137 14,819
Shareholders’ Equity    
Common stock 1,466 1,466
Additional paid-in capital 3,085 2,969
Retained earnings 23,946 23,699
Accumulated other comprehensive income (loss) (4,368) (4,345)
Unearned compensation 0 (1)
Treasury stock, at cost (23,665) (23,045)
Total Colgate-Palmolive Company shareholders’ equity 464 743
Noncontrolling interests 398 358
Total equity 862 1,101
Total liabilities and equity $ 15,999 $ 15,920