Colgate Palmolive : Three Months Ended September 30, 2022 and 2021

10/28/2022 | 12:14pm EST

Table 8

Colgate-Palmolive Company
Non-GAAP Reconciliations
For the Three Months Ended September 30, 2022 and 2021
(Dollars in Millions Except Per Share Amounts) (Unaudited)
Selling, General and Administrative Expenses			2022		2021
Selling, general and administrative expenses, GAAP	$	1,634	$	1,636
2022 Global Productivity Initiative			(1)		-
Selling, general and administrative expenses, non-GAAP	$	1,633	$	1,636

Other (Income) Expense, Net		2022			2021
Other (income) expense, net, GAAP	$	(33)	$	20
2022 Global Productivity Initiative		(2)			-
Gain on the sale of land in Asia Pacific		47			-
Acquisition-related costs		(17)			-
Other (income) expense, net, non-GAAP	$	(5)	$	20

Operating Profit		2022			2021	% Change
Operating profit, GAAP	$	947	$	967	(2)%
2022 Global Productivity Initiative		3			-
Gain on the sale of land in Asia Pacific		(47)			-
Acquisition-related costs		17			-
Operating profit, non-GAAP	$	920	$	967	(5)%

				Basis Point
Operating Profit Margin	2022		2021	Change
Operating profit margin, GAAP	21.3 %	21.9 %	(60)
2022 Global Productivity Initiative	0.1 %		- %
Gain on the sale of land in Asia Pacific	(1.1)%		- %
Acquisition-related costs	0.4 %		- %
Operating profit margin, non-GAAP	20.7 %	21.9 %	(120)

Interest (Income) Expense, Net		2022			2021
Interest (income) expense, net, GAAP	$	40	$	98
Loss on early extinguishment of debt		-			(75)
Interest (income) expense, net, non-GAAP	$	40	$	23

Non-Service Related Postretirement Costs		2022			2021
Non-service related postretirement costs, GAAP	$	15	$	16
2022 Global Productivity Initiative		1			-
Non-service related postretirement costs, non-GAAP	$	16	$	16

Table 8

Continued

Colgate-Palmolive Company

Non-GAAP Reconciliations

For the Three Months Ended September 30, 2022 and 2021

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

											2022
														Net Income
				Provision			Net Income			Less: Income		Attributable
		Income								To		Effective			Diluted
				For			Including		Attributable to			Colgate-
		Before			Income		Noncontrolling		Noncontrolling			Palmolive		Income			Earnings
	Income Taxes			Taxes(1)			Interests			Interests			Company		Tax Rate(2)			Per Share
As Reported GAAP	$	892	$	210	$	682	$	64	$	618	23.5 %	$	0.74
2022 Global Productivity Initiative		2			-			2			-			2	(0.1)%			-
Gain on the sale of land in Asia		(47)			(11)			(36)			(21)			(15)	0.1 %			(0.02)
Pacific
Acquisition-related costs		17			2			15			-			15		(0.2)%			0.02
Non-GAAP	$	864	$	201	$	663	$	43	$	620	23.3 %	$	0.74

											2021
														Net Income
				Provision			Net Income			Less: Income		Attributable
		Income								To		Effective			Diluted
				For			Including		Attributable to			Colgate-
		Before			Income		Noncontrolling		Noncontrolling			Palmolive		Income			Earnings
	Income Taxes			Taxes(1)			Interests			Interests			Company		Tax Rate(2)			Per Share
As Reported GAAP	$	853	$	172	$	681	$	47	$	634	20.2 %	$	0.75
Loss on early extinguishment of		75			20			55			-			55		0.5 %			0.06
debt
Non-GAAP	$	928	$	192	$	736	$	47	$	689	20.7 %	$	0.81

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

Notes:

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.
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 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 16:13:02 UTC.

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Colgate Palmolive : Three Months Ended September 30, 2022 and 2021

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