Colgate Palmolive : Three Months Ended June 30, 2021 and 2020

Table 8

					Colgate-Palmolive Company
					Non-GAAP Reconciliations
		For the Three Months Ended June 30, 2021 and 2020
		(Dollars in Millions Except Per Share Amounts) (Unaudited)
Other (Income) Expense, Net											2021			2020
Other (income) expense, net, GAAP									$	(8)	$	28
Value-added tax matter in Brazil											26			-
Other (income) expense, net, non-GAAP								$	18	$	28
Operating Profit
										2021			2020			% Change
Operating profit, GAAP										$	996	$	946			5 %
Value-added tax matter in Brazil											(26)			-
Operating profit, non-GAAP										$	970	$	946			3 %
																	Basis Point
Operating Profit Margin											2021			2020			Change
Operating profit margin, GAAP											23.4 %			24.3 %			(90)
Value-added tax matter in Brazil											(0.6)%			- %
Operating profit margin, non-GAAP										22.8 %			24.3 %			(150)
								2021
								Net Income		Net Income
								Attributable To
		Income Before			Provision For			Including		Colgate-		Effective Income		Diluted Earnings
					Noncontrolling		Palmolive
		Income Taxes		Income Taxes(1)			Interests			Company			Tax Rate(2)			Per Share
As Reported GAAP	$	953	$	212	$	741		$	703			22.2 %	$	0.83
Value-added tax matter in Brazil		(26)			(6)			(20)			(20)			- %			(0.03)
Non-GAAP	$	927	$	206	$	721		$	683			22.2 %	$	0.80

The impact of non-GAAP adjustments may not necessarily equal the difference between "GAAP" and "non-GAAP" as a result of rounding.

Notes:

1. The income tax effect on non-GAAP items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
2. The impact of non-GAAP items on the Company's effective tax rate represents the difference in the effective tax rate calculated with and without the non- GAAP adjustment on Income before income taxes and Provision for income taxes.