XML 168 R36.htm IDEA: XBRL DOCUMENT
v3.22.4

Fair Value Measurements and Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Derivative Instruments | The following table summarizes the fair value of the Company’s derivative instruments and other financial instruments which are carried at fair value in the Company’s Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021:
| Assets |  | Liabilities
| Account |  | Fair Value |  | Account |  | Fair Value
Designated derivative instruments |  |  | December 31, 2022 |  | December 31, 2021 |  |  |  | December 31, 2022 |  | December 31, 2021
Interest rate swap contracts | Other current assets |  | $ | — |  |  | $ | 5 |  |  | Other accruals |  | $ | — |  |  | $ | — |
Forward-starting interest rate swaps | Other assets |  | — |  |  | 20 |  |  | Other liabilities |  | — |  |  | 21 |
Foreign currency contracts | Other current assets |  | 19 |  |  | 22 |  |  | Other accruals |  | 15 |  |  | 6 |
Commodity contracts | Other current assets |  | 4 |  |  | 2 |  |  | Other accruals |  | — |  |  | — |
Total designated |  |  | $ | 23 |  |  | $ | 49 |  |  |  |  | $ | 15 |  |  | $ | 27 |
Other financial instruments |  |  |  |  |  |  |  |  |  |  |
Marketable securities | Other current assets |  | 175 |  |  | 34 |  |  |  |  |  |  |
Total other financial instruments |  |  | $ | 175 |  |  | $ | 34 |  |  |  |  |  |  |
Schedule of Activity Related to Fair Value Hedges | The following amounts were recorded on the Consolidated Balance Sheet related to cumulative basis adjustment for fair value hedges as of:
| December 31, 2022 |  | December 31, 2021
Long-term debt: |  |  |
Carrying amount of hedged item | $ | — |  |  | $ | 405 |
Cumulative hedging adjustment included in the carrying amount | $ | — |  |  | $ | 5 |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following tables present the notional values as of:
| December 31, 2022
| Foreign Currency Contracts |  | Foreign Currency Debt |  | Interest Rate Swaps |  | Forward-Starting Interest Rate Swaps |  | Commodity Contracts |  | Total
Fair Value Hedges | $ | 609 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 609 |
Cash Flow Hedges | 840 |  |  | — |  |  | — |  |  | — |  |  | 26 |  |  | 866 |
Net Investment Hedges | 138 |  |  | 4,797 |  |  | — |  |  | — |  |  | — |  |  | 4,935 |
| December 31, 2021
| Foreign Currency Contracts |  | Foreign Currency Debt |  | Interest Rate Swaps |  | Forward-Starting Interest Rate Swaps |  | Commodity Contracts |  | Total
Fair Value Hedges | $ | 566 |  |  | $ | — |  |  | $ | 400 |  |  | $ | — |  |  | $ | — |  |  | $ | 966 |
Cash Flow Hedges | 873 |  |  | — |  |  | — |  |  | 700 |  |  | 24 |  |  | 1,597 |
Net Investment Hedges | 173 |  |  | 4,600 |  |  | — |  |  | — |  |  | — |  |  | 4,773 |
Schedule of Derivative Instruments, Gain (Loss) | The following table presents the location and amount of gains (losses) on hedges recognized on the Company’s Consolidated Statements of Income:
| Twelve Months Ended December 31,
| 2022 |  | 2021
| Cost of sales |  | Selling, general and administrative expenses |  | Interest (income) expense, net |  | Cost of sales |  | Selling, general and administrative expenses |  | Interest (income) expense, net
Gain (loss) on hedges recognized in income: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |
Derivative instrument | $ | — |  |  | $ | — |  |  | $ | (5) |  |  | $ | — |  |  | $ | — |  |  | $ | 8 |
Hedged items | — |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | (8) |
Foreign currency contracts designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |
Derivative instrument | — |  |  | 44 |  |  | — |  |  | — |  |  | 6 |  |  | — |
Hedged items | — |  |  | (44) |  |  | — |  |  | — |  |  | (6) |  |  | — |
Foreign currency contracts designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Amount reclassified from OCI | 13 |  |  | — |  |  | — |  |  | (12) |  |  | — |  |  | — |
Commodity contracts designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Amount reclassified from OCI | 5 |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | — |
Forward-starting interest rate swaps designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Amount reclassified from OCI | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |
Total gain (loss) on hedges recognized in income | $ | 18 |  |  | $ | — |  |  | $ | 2 |  |  | $ | (7) |  |  | $ | — |  |  | $ | — |
Schedule Of Cash Flow And Net Investment Hedges Included In Accumulated Other Comprehensive Income (Loss) | The following table presents the location and amount of gains (losses) on hedges included in OCI:
| Twelve Months Ended
December 31,
2022 |  | 2021
Foreign currency contracts designated as cash flow hedges: |  |  |
Gain (loss) recognized in OCI | $ | 9 |  |  | $ | 16 |
Forward-starting interest rate swaps designated as cash flow hedges: |  |  |
Gain (loss) recognized in OCI | 82 |  |  | (6) |
Commodity contracts designated as cash flow hedges: |  |  |
Gain (loss) recognized in OCI | 9 |  |  | 3 |
Foreign currency contracts designated as net investment hedges: |  |  |
Gain (loss) on instruments | (5) |  |  | 30 |
Gain (loss) on hedged items | 5 |  |  | (30) |
Foreign currency debt designated as net investment hedges: |  |  |
Gain (loss) on instruments | 218 |  |  | 370 |
Gain (loss) on hedged items | (218) |  |  | (370) |
Total gain (loss) on hedges recognized in OCI | $ | 100 |  |  | $ | 13 |

X
- Definition Schedule Of Cash Flow And Net Investment Hedges Included In Accumulated Other Comprehensive Income (Loss) [Table Text Block] + References No definition available. + Details
Name: | cl_ScheduleOfCashFlowAndNetInvestmentHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | cl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration