COLGATE-PALMOLIVE COMPANY

Statement of Financial Position

As of December 31
Assets 2023 2022
Current Assets
Cash and cash equivalents ₱ 966 ₱ 775
Receivables 1,586 1,504
Inventories 1,934 2,074
Other current assets 793 760
Total current assets 5,279 5,113
Property, plant, and equipment, net 4,5782 4,307
Goodwill 3,410 3,352
Other Intangible assets,net 1,887 1,920
Differed income taxes 214 135
Other assets 1,021 904
Total assets ₱16,393 15,731

Liabilities and shareholders equity

Current liabilities
Notes and loan payable ₱310 11
Current portion of long term debt 20 14
Accounts payable 1698 1,551
Accrued income taxes 336 317
Other accruals 2,377 2,111
Total current liabilities 4,741 4,004
Long term debt 8,219 8,741
Differed income taxes 361 383
Other Liabilities 2,115 1,797
Total Liabilities ₱15,436 14,925

Commitments and contingents Liabilities

Shareholders equity
Common stock 1,466 1,446
Additional paid in capital 3,808 3,546
Retained earnings 25,289 24,573
Accumulated other comprehensive income (loss) (3,937) (4,055)
Unearned compensation
Treasury, stock at cost (26,017) (25,128)
Total colgate company shareholders equity 609 401
Non controlling interest 348 405
Total equity 957 806
Total liabilities and equity 16,393 15,731
COLGATE-PALMOLIVE COMPANY
Consolidated Statements of Cash Flows
For the years ended December 31,
Operating Activities 2023
Net income including noncontrolling interests 2,455
Adjustments to reconcile net income including noncontrolling interests to net
cash provided by operations
Depreciation and amortization 567
ERISA litigation matter 267
Restructuring and termination benefits, net of cash -23
Stock-based compensation expense 122
Gain on the sale of land 0
Goodwill and intangible assets impairment charges 0
Loss on early extinguishment of debt 0
Deferred income taxes -98
Cash effects of changes in:
Receivables -37
Inventories 194
Accounts payable and other accruals 309
Other non-current assets and liabilities -11
Net cash provided by operations 3,745

Investing Activities
Capital expenditures -705
Purchases of marketable securities and investments -506
Proceeds from sale of marketable securities and investments 502
Payment for acquisitions, net of cash acquired 0
Proceeds from the sale of land 0
Other investing activities -33
Net cash used in investing activities -742

Financing Activities
Short-term borrowing (repayment) less than 90 days, net -906
Principal payments on debt (1) (903
Proceeds from issuance of debt 1,495
Dividends paid -1,749
Purchases of treasury shares -1,128
Proceeds from exercise of stock options 380
Other financing activities 18
Net cash used in financing activities -2,793
Effect of exchange rate changes on Cash and cash equivalents -19
Net increase (decrease) in Cash and cash equivalents 191
Cash and cash equivalents at beginning of year 775
Cash and cash equivalents at end of year 966
Supplemental Cash Flow Information
Income taxes paid 937
Interest paid 280
2022 2021
1,967 2,338

545 556
0 0
49 -21
125 135
-47 0
721 571
0 75
-78 -132

-227 -84
-333 -72
-115 14
-51 -55
2,556 3,325

-696 -567
-470 -141
322 141
-809 0
47 0
5 -25
-1,601 -592

540 -171
-406 -703
1,513 699
-1,691 -1,679
-1,308 -1,320
418 424
-18 -24
-952 -2,774
-60 -15
-57 -56
832 888
775 832
945 890
151 194
COLG
Consolidated Statem
Colgate-Palmo
Common stock Additional Paid-In Capital
Balance, January 1, 2021 1,466 2,969
Net income 0
Other comprehensive income (loss), net of tax 0
Dividends (1.79)/per share* 0
Stock-based compensation expense 0
Shares issued for stock options 0
Shares issued for restricted stock awards 0
Treasury stock acquired 0
Other 0
Balance, December 31, 2021 1,466 3,269
Net income 0 0
Other comprehensive income (loss), net of tax 0 0
Dividends (1.86)/per share* 0 0
Stock-based compensation expense 0 125
Shares issued for stock options 0 190
Shares issued for restricted stock awards 0 40
Treasury stock acquired 0 0
Other 0 2
Balance, December 31, 2022 1,466 3,546
Net income 0 0
Other comprehensive income (loss), net of tax 0 0
Dividends (1.91)/per share* 0 0
Stock-based compensation expense 0 122
Shares issued for stock options 0 170
Shares issued for restricted stock awards 0 -34
Treasury stock acquired 0 0
Other 0 4
Balance, December 31, 2023 1,466 3,808
COLGATE-PALMOLIVE COMPANY
Consolidated Statements of Changes in Shareholders’ Equity
Colgate-Palmolive Company Shareholders’ Equity
Unearned Compensation Treasury Stock Retained Earnings
-1 -23,045 23,699
0 0 2,166
0 0 0
0 0 -1,515
0 0 0
0 248 0
0 27 0
0 -1,320 0
0 1 0
-1 -24,089 24,350
0 0 1,785
0 0 0
0 0 -1,562
0 0 0
0 226 0
0 40 0
0 -1,308 0
0 3 0
-1 -25,128 24,573
0 0 2,300
0 0 0
0 0 -1,584
0 0
0 212
0 34
0 -1,128
1 -7
0 -26,017 25,289
y

Accumulated Other Comprehensive Income (Loss) Noncontrolling Interests

-4,345 358
0 172
-41 -2
0 -166
0 0
0 0
0 0
0 0
0 0
-4,386 362
0 182
331 -4
0 -135
0 0
0 0
0 0
0 0
0 0
405 405
0 155
117 -42
0 -170
0 0
0 0
0 0
0 0
1 0
-3,937 348
COLGATE-PALMOLIVE COMPANY
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31
2023
Net income including noncontrolling interests 2,455
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments 98
Retirement plan and other retiree benefit adjusments -16
Gains (losses) on cash flow hedges -7
Total Other comprehensive income (loss), net of tax 75
Total Comprehensive income including noncontrolling interests 2,530
Less: Net income attributable to noncontrolling interests 155
Less: Cumulative translation adjustments attributable to noncontrolling interests -42
Total Comprehensive income attributable to noncontrolling interests 113
Total Comprehensive income attributable to Colgate-Palmolive Company 2,417
ME

2022 2021
1,967 2,338

-146 -193
413 134
60 16
327 -43
2,294 2,295
182 172
-4 -2
178 170
2,116 2,125