Financial Highlights
| (Dollars in Millions Except Per Share Amounts) | 2018 | 2017 | Change |
| Worldwide Net Sales | $15,544 | $15,454 | +0.5% |
| Organic Sales Growth | +0.5% | ||
| Gross Profit Margin | 59.4% | 60.0% | -60 basis points |
| Operating Profit* | $3,694 | $3,707 | - |
| Operating Profit Margin* | 23.8% | 24.0% | -20 basis points |
| Net Income Attributable to Colgate-Palmolive Company** | $2,400 | $2,024 | +19% |
| Diluted Earnings Per Share** | $2.75 | $2.28 | +21% |
| Dividends Paid Per Share | $1.66 | $1.59 | +4% |
| Operating Cash Flow | $3,056 | $3,054 | - |
| Year-end Stock Price | $59.52 | $75.45 | -21% |
* 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.
** Net income attributable to Colgate-Palmolive Company and diluted earnings per share in 2018 include charges related to the Global Growth and Efficiency Program, a benefit from a foreign tax matter and charges related to U.S. tax reform. 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.
(1) 2014 - 2018 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) 2018 excludes charges related to the Global Growth and Efficiency Program, a benefit from a foreign tax matter and charges related to U.S. tax reform. 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. 2014 excludes 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.
