Filed under Rule 433
File No. 333-126987
[LOGO OMITTED]COLGATE-PALMOLIVE
40-Year Floating Rate Notes
Final Terms and Conditions
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Issuer: Colgate-Palmolive Company (the "Company")
Security Offered: Floating Rate Notes (the "Notes")
Ratings: Aa3/AA-
Principal Amount: US$ 82,825,000
Interest Rate: 3-Month US$ LIBOR minus 30 basis points
Trade Date: November 28, 2006
Settlement Date: December 4, 2006
Maturity Date: December 4, 2046
Price to Public: 100%
Gross Spread: 1.00%
Proceeds to Issuer: 99.00%
Interest Payment Dates: Interest is payable quarterly on the 4th of
every three months, commencing on March 4, 2007.
Reset Convention /
Interest Reset Dates: The interest rate will be reset quarterly, on
each Interest Payment Date. The 3 Month LIBOR
rate will be determined on the second London
banking day prior to each Interest Reset Date.
Minimum Denominations: The Notes will be issued in denominations of
$1,000 and in integral multiples of $1,000
Form: DTC, Book-Entry
CUSIP: 19416QDJ6
Put Provision: The Notes will be repayable at the option of the
holder with at least 30 and not more than 60
days notice on the following days and at the
following prices together with any unpaid
accrued interest to the repayment date:
Repayment Date Price
December 4, 2007 98.00%
December 4, 2008 98.00%
December 4, 2009 98.00%
December 4, 2010 98.00%
December 4, 2011 98.00%
December 4, 2012 99.00%
December 4, 2013 99.00%
December 4, 2014 99.00%
December 4, 2015 99.00%
December 4, 2016 99.00%
December 4, 2017 and December 100.00%
4 of every third year thereafter,
commencing December 4, 2020
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Call Provision: The Notes may be redeemed, at the option of the
Company, in whole or in part, with at least 30
and not more than 60 days notice, on December 4,
2036 or or any business day thereafter at the
following prices together with any unpaid
accrued interest to the repayment date:
If Redeemed during the Price
12-Month Period Commencing on:
December 4, 2036 105.00%
December 4, 2037 104.50%
December 4, 2038 104.00%
December 4, 2039 103.50%
December 4, 2040 103.00%
December 4, 2041 102.50%
December 4, 2042 102.00%
December 4, 2043 101.50%
December 4, 2044 101.00%
December 4, 2045 and thereafter 100.50%
to, but excluding, maturity
Agents: Citigroup: $13,250,000
Merrill Lynch: $5,000,000
Morgan Stanley: $25,000,000
UBS: $39,575,000
Notes Used as Qualified Replacement Property
Prospective investors seeking to treat the Notes as "qualified
replacement property" for purposes of Section 1042 of the Internal Revenue
Code of 1986, as amended (the "Code"), should be aware that Section 1042
requires the issuer to meet certain requirements in order for the Notes to
constitute qualified replacement property. In general, qualified replacement
property is a security issued by a domestic corporation that did not, for the
taxable year preceding the taxable year in which such security was purchased,
have "passive investment income" in excess of 25 percent of the gross receipts
of such corporation for such preceding taxable year (the "passive income
test"). For purposes of the passive income test, where the issuing corporation
is in control of one or more corporations or such issuing corporation is
controlled by one or more other corporations, all such corporations are
treated as one corporation (the "affiliated group") when computing the amount
of passive investment income under Section 1042.
Colgate believes that less than 25 percent of its affiliated group's
gross receipts is passive investment income for the taxable year ending
December 31, 2005. In making this determination, Colgate has made certain
assumptions and used procedures which it believes are reasonable. Colgate
cannot
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give any assurance as to whether it will continue to meet the passive
income test. It is, in addition, possible that the Internal Revenue Service
may disagree with the manner in which Colgate has calculated the affiliated
group's gross receipts (including the characterization thereof) and passive
investment income and the conclusions reached herein.
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The Issuer has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and
other documents the Issuer has filed with the SEC for more complete
information about the Issuer and this offering. You may get these documents
for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively,
you may request for a copy of the prospectus by calling Citigroup Global
Markets Inc. toll free at 1-877-858-5407, Merrill Lynch, Pierce, Fenner &
Smith Incorporated toll free at 1-866-500-5408, Morgan Stanley & Co.
Incorporated toll free at 1-866-718-1649 or UBS Securities LLC toll-free at
1-888-722-9555, extension 1088.
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