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Financial Highlights

Financial Highlights

(Dollars in MM Except Per Share Amounts) 2022 2021 Change
Worldwide Net Sales $17,967 $17,421 +3.0%
Organic Sales Growth     +7.0%
Gross Profit Margin 57.0% 59.6% -260 basis points
Operating Profit* $2,893 $3,332 -13%
Operating Profit Margin* 16.1% 19.1% -300 basis points
Net Income Attributable to Colgate-Palmolive Company** $1,785 $2,166 -18%
Diluted Earnings Per Share** $2.13 $2.55 -16%
Dividends Paid Per Share $1.86 $1.79 +4%
Operating Cash Flow $2,556 $3,325 -23%
Year-end Stock Price $78.79 $85.34   -8%

*2022 includes goodwill and intangible assets impairment charges, charges related to the 2022 Global Productivity Initiative, a gain on the sale of land in Asia Pacific and acquisition-related costs. 2021 includes goodwill and intangible assets impairment charges and a benefit from a value-added tax matter in Brazil. For a complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, please click here.

**2022 includes goodwill and intangible assets impairment charges, charges related to the 2022 Global Productivity Initiative, a gain on the sale of land in Asia Pacific and acquisition-related costs. 2021 includes goodwill and intangible assets impairment charges, a loss on early extinguishment of debt and a benefit from a value-added tax matter in Brazil. For a complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, please click here.

Net Sales Region
Net Sales Maturity
Net Sales
Gross Profit Margin
Diluted Earnings
Dividends Paid

(1) 2017- 2019 exclude charges related to the Global Growth and Efficiency Program. For a complete reconciliation between reported results (GAAP) and results excluding this item (non-GAAP), please click here.

(2) 2021 excludes goodwill and indefinite-lived intangible asset impairment charges, a loss on early extinguishment of debt and a benefit from a value-added tax matter in Brazil. 2020 excludes benefits related to the Global Growth and Efficiency Program, a benefit related to subsidiary and operating structure inititatives, a loss on early extinguishment of debt and acquisition-related costs. 2019 excludes charges related to the Global Growth and Efficiency Program, a benefit from Swiss income tax reform, a benefit from a value-added tax matter in Brazil and acquisition-related costs. 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. . For a complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, please click here.