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Financial Highlights

Financial Highlights

(Dollars in Millions Except Per Share Amounts) 2017 2016 Change
Worldwide Net Sales $15,454 $15,195 +1.5%
Organic Sales Growth     +1.0%
Gross Profit Margin 60.0% 60.0% -
Operating Profit ** $3,708 $3,955 -6%
Operating Profit Margin ** 24.0% 26.0% -200 basis points
Net Income Attributable to Colgate-Palmolive Company * $2,024 $2,441 -17%
Diluted Earnings Per Share * $2.28 $2.72 -16%
Dividends Paid Per Share $1.59 $1.55 +3%
Operating Cash Flow $3,054 $3,141 -3%
Year-end Stock Price $75.45 $65.44 +15%

* Net income attributable to Colgate-Palmolive Company and diluted earnings per share in 2017 include charges related to the Global Growth and Efficiency Program and a provisional charge related to U.S. tax reform. Net income attributable to Colgate-Palmolive Company and diluted earnings per share in 2016 include a gain from the sale of land in Mexico, charges related to the Global Growth and Efficiency Program and certain other items.

** The Company adopted ASU No. 2017-07, “Compensation–Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” on January 1, 2018. The adoption of this standard resulted in the non-service related postretirement costs being presented separately in the income statement from the service cost component and the non-service related postretirement costs no longer being included in Operating profit. As this standard was applied retrospectively, as required, the Company reclassified certain amounts to a new line below Operating profit called Non-service related postretirement costs. The reclassification had no effect on Net income attributable to Colgate-Palmolive Company, Earnings per common share or Cash flow.

NetSalesRegionNetSalesMaturity
NetSalesGrossProfitOriginDilutedEarningsDividendsPaid

(1)2013-2017 exclude charges related to the Global Growth and Efficiency Program. A complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, is available on Colgate's website.

(2)2017 excludes charges related to the Global Growth and Efficiency Program and a provisional charge related to U.S. tax reform. 2016 excludes a gain from the sale of land in Mexico, charges related to the Global Growth and Efficiency Program and certain other items. 2015 excludes a gain from the sale of the Company’s laundry detergent business in the South Pacific, a charge related to the deconsolidation of the Company’s Venezuelan operations, charges related to the Global Growth and Efficiency Program and certain other items. 2013-2014 exclude charges related to the Global Growth and Efficiency Program, remeasurement charges resulting from devaluations and effective devaluations in Venezuela and certain other items. A complete reconciliation between reported results (GAAP) and results excluding these items (Non-GAAP), including a description of such items, is available on Colgate's website.