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.
(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.
