Colgate-Palmolive Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net sales of $3,899 million compared to $4,221 million a year ago. Operating loss was $139 million compared to profit of $995 million a year ago. Loss before income taxes was $146 million compared to income of $991 million a year ago. Net loss attributable to the company was $458 million or $0.51 per basic and diluted share compared to income of $628 million or $0.68 per diluted share a year ago. Non-GAAP operating profit was $1,015 million compared to $1,080 million a year ago. Non-GAAP net income attributable to the company was $655 million compared to $699 million a year ago. Non-GAAP diluted earnings per common share were $0.73 compared to $0.76 a year ago.

For the year, the company reported net sales of $16,034 million compared to $17,277 million a year ago. Operating profit was $2,789 million compared to $3,557 million a year ago. Income before income taxes was $2,763 million compared to $3,533 million a year ago. Net income attributable to the company was $1,384 million compared to $2,180 million a year ago. Diluted earnings per share were $1.52 compared to $2.36 a year ago. Net cash provided by operations for full year 2015 was $2,949 million compared to $3,298 million in full year 2014, primarily due to lower operating earnings and higher payments related to income taxes and a European competition law matter. Capital expenditures were $691 million compared to $757 million a year ago. Non-GAAP operating profit was $3,988 million compared to $4,215 million a year ago. Non-GAAP net income attributable to the company was $2,556 million compared to $2,712 million a year ago. Non-GAAP diluted earnings per common share were $2.81 compared to $2.93 a year ago.

The company anticipates another year of solid organic sales growth in 2016 driven by a full new product pipeline across all categories and geographies. Based on current spot rates, the company are planning for a year of gross margin expansion, and expect a low single-digit earnings per share decline on a dollar basis, excluding charges related to the 2012 Restructuring Program. This earnings per share decline includes a $0.10 impact in 2016 resulting from the change in accounting for Venezuelan operations and reflects a double-digit increase on a currency-neutral basis, excluding Venezuela from 2016 and 2015 results.