Three Months Ended September 30, 2021 and 2020

Table 8

	Colgate-Palmolive Company
	Non-GAAP Reconciliations
For the Three Months Ended September 30, 2021 and 2020
(Dollars in Millions Except Per Share Amounts) (Unaudited)
Selling, General and Administrative Expenses			2021			2020
Selling, general and administrative expenses, GAAP	$	1,636	$	1,518
Global Growth and Efficiency Program			-			3
Selling, general and administrative expenses, non-GAAP	$	1,636	$	1,521
Other (Income) Expense, Net
		2021			2020
Other (income) expense, net, GAAP	$	20	$	4
Global Growth and Efficiency Program			-			13
Other (income) expense, net, non-GAAP	$	20	$	17
Operating Profit
		2021			2020		% Change
Operating profit, GAAP	$	967	$	1,018	(5)%
Global Growth and Efficiency Program			-			(16)
Operating profit, non-GAAP	$	967	$	1,002	(3)%
								Basis Point
Operating Profit Margin			2021			2020		Change
Operating profit margin, GAAP			21.9 %			24.5 %	(260)
Global Growth and Efficiency Program			- %			(0.4)%
Operating profit margin, non-GAAP			21.9 %			24.1 %	(220)
Interest (Income) Expense, Net
		2021			2020
Interest (income) expense, net, GAAP	$	98	$	36
Loss on early extinguishment of debt			(75)			-
Interest (income) expense, net, non-GAAP	$	23	$	36

Table 8

Continued

Colgate-Palmolive Company

Non-GAAP Reconciliations

For the Three Months Ended September 30, 2021 and 2020

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

								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	$	853	$	172	$	681	$	634	20.2 %	$	0.75
Loss on early extinguishment of		75			20			55			55		0.5 %			0.06
debt
Non-GAAP	$	928		$	192		$	736		$	689		20.7 %		$	0.81
								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	$	967	$	222	$	745	$	698	23.0 %	$	0.81
Global Growth and Efficiency
Program		(16)			(3)			(13)			(13)		- %			(0.02)
Non-GAAP	$	951	$	219	$	732	$	685	23.0 %	$	0.79

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.