Colgate Palmolive : Three Months Ended June 30, 2021 and 2020
July 31, 2021 at 01:29 am IST
Share
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:
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 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 19:58:08 UTC.
Colgate-Palmolive Company is one of the worldwide leaders in the manufacturing and marketing of cleaning and hygiene products. The group also products and sells pet food (dogs and cats). Net sales break down by family of products as follows:
- hygiene and cleaning products (78%): oral hygiene (toothpaste, toothbrushes, mouthwashes, etc.; Colgate brand), body care (soaps, shower gels, shampoos, conditioners, deodorants, shaving products, etc.; Palmolive, Speed Stick, Softsoap, etc.), household care, and linen care (dishwashing liquids, detergents, stain removers, fabric softeners, bleach, etc.; Palmolive, Ajax, Soupline, Suavitel, etc.). Net sales are distributed geographically as follows: North America (25.9%), Latin America (30.6%), Asia-Pacific (18.3%), Europe (18.1%), Africa and Eurasia (7.1%);
- cat and dog foods (22%; Hill's): world leader.