Colgate-Palmolive Co., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Land	180)	163)	166)	153)	152)
Buildings	1,825)	1,603)	1,623)	1,600)	1,604)
Manufacturing machinery and equipment	6,001)	5,527)	5,409)	5,309)	5,157)
Other equipment	1,577)	1,606)	1,553)	1,518)	1,423)
Property, plant and equipment, cost	9,583)	8,899)	8,751)	8,580)	8,336)
Accumulated depreciation	(5,276)	(5,169)	(5,035)	(4,830)	(4,455)
Property, plant and equipment, net	4,307)	3,730)	3,716)	3,750)	3,881)

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Item	Description	The company
Property, plant and equipment, cost	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Colgate-Palmolive Co. property, plant and equipment, cost increased from 2020 to 2021 and from 2021 to 2022.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Colgate-Palmolive Co. property, plant and equipment, net increased from 2020 to 2021 and from 2021 to 2022.

Colgate-Palmolive Co., asset age ratios

		Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
	Average age ratio	56.11%	59.17%	58.65%	57.32%	54.44%

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Colgate-Palmolive Co. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	5,276)	5,169)	5,035)	4,830)	4,455)
Property, plant and equipment, cost	9,583)	8,899)	8,751)	8,580)	8,336)
Land	180)	163)	166)	153)	152)
Asset Age Ratio
Average age¹	56.11%	59.17%	58.65%	57.32%	54.44%

2022 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, cost – Land)
= 100 × 5,276 ÷ (9,583 – 180) = 56.11%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Colgate-Palmolive Co. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Colgate-Palmolive Co. (NYSE:CL)

Analysis of Property, Plant and Equipment