Table 6

Colgate-Palmolive Company

Non-GAAP Reconciliations

For the Three Months Ended March 31, 2021 and 2020

(Dollars in Millions Except Per Share Amounts) (Unaudited)

Gross Profit

2021

2020

Gross profit, GAAP

$

2,637

$

2,465

Acquisition-related costs

-

4

Gross profit, non-GAAP

$

2,637

$

2,469

Basis Point

Gross Profit Margin

2021

2020

Change

Gross profit margin, GAAP

60.7 %

60.2 %

50

Acquisition-related costs

- %

0.1 %

Gross profit margin, non-GAAP

60.7 %

60.3 %

40

Other (Income) Expense, Net

2021

2020

Other (income) expense, net, GAAP

$

28

$

40

Acquisition-related costs

-

(2)

Other (income) expense, net, non-GAAP

$

28

$

38

Operating Profit

2021

2020

% Change

Operating profit, GAAP

$

1,004

$

952

5 %

Acquisition-related costs

-

6

Operating profit, non-GAAP

$

1,004

$

958

5 %

Basis Point

Operating Profit Margin

2021

2020

Change

Operating profit margin, GAAP

23.1 %

23.2 %

(10)

Acquisition-related costs

- %

0.2 %

Operating profit margin, non-GAAP

23.1 %

23.4 %

(30)

2020

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

$

895

$

147

$

748

$

715

16.4 %

$

0.83

Subsidiary and operating

structure initiatives

-

71

(71)

(71)

7.9 %

(0.08)

Acquisition-related costs

6

2

4

4

0.1 %

-

Non-GAAP

$

901

$

220

$

681

$

648

24.4 %

$

0.75

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.

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Colgate-Palmolive Company published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 15:05:12 UTC.