Unearned compensation

  
COLGATE-PALMOLIVE COMPANYCondensed Consolidated Balance Sheets(Dollars in Millions)(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30,2022 |  | December 31,2021 |
| Assets |  |  |  |
| Current Assets |  |  |  |
| Cash and cash equivalents | $ | 938  |  |  | $ | 832  |  |
| Receivables (net of allowances of $67 and $78, respectively) | 1,425  |  |  | 1,297  |  |
| Inventories | 2,073  |  |  | 1,692  |  |
| Other current assets | 842  |  |  | 576  |  |
| Total current assets | 5,278  |  |  | 4,397  |  |
| Property, plant and equipment: |   |  |   |
| Cost | 9,318  |  |  | 8,899  |  |
| Less: Accumulated depreciation | (5,195) |  |  | (5,169) |  |
|   | 4,123  |  |  | 3,730  |  |
| Goodwill | 3,538  |  |  | 3,284  |  |
| Other intangible assets, net | 2,219  |  |  | 2,462  |  |
| Deferred income taxes | 182  |  |  | 193  |  |
| Other assets | 948  |  |  | 974  |  |
| Total assets | $ | 16,288  |  |  | $ | 15,040  |  |
| Liabilities and Shareholders’ Equity |   |  |   |
| Current Liabilities |   |  |   |
| Notes and loans payable | $ | 16  |  |  | $ | 39  |  |
| Current portion of long-term debt | 13  |  |  | 12  |  |
| Accounts payable | 1,541  |  |  | 1,479  |  |
| Accrued income taxes | 433  |  |  | 436  |  |
| Other accruals | 2,489  |  |  | 2,085  |  |
| Total current liabilities | 4,492  |  |  | 4,051  |  |
| Long-term debt | 8,219  |  |  | 7,194  |  |
| Deferred income taxes | 551  |  |  | 395  |  |
| Other liabilities | 1,973  |  |  | 2,429  |  |
| Total liabilities | 15,235  |  |  | 14,069  |  |
| Shareholders’ Equity |   |  |   |
| Common stock, $1 par value (2,000,000,000 shares authorized, 1,465,706,360 shares issued) | 1,466  |  |  | 1,466  |  |
| Additional paid-in capital | 3,518  |  |  | 3,269  |  |
| Retained earnings | 24,566  |  |  | 24,350  |  |
| Accumulated other comprehensive income (loss) | (4,179) |  |  | (4,386) |  |
| Unearned compensation | —  |  |  | (1) |  |
| Treasury stock, at cost | (24,749) |  |  | (24,089) |  |
| Total Colgate-Palmolive Company shareholders’ equity | 622  |  |  | 609  |  |
| Noncontrolling interests | 431  |  |  | 362  |  |
| Total equity | 1,053  |  |  | 971  |  |
| Total liabilities and equity | $ | 16,288  |  |  | $ | 15,040  |  |

See Notes to Condensed Consolidated Financial Statements.  
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