.Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
Colgate-Palmolive Co., adjusted current assets
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current assets | |||||
| Adjustments | ||||||
| | Add: Allowance for doubtful accounts and estimated returns | |||||
| | Add: LIFO reserve1 | |||||
| | Less: Current deferred tax assets (included in Other current assets)2 | |||||
| After Adjustment | ||||||
| | Adjusted current assets | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
1 LIFO reserve. See Details »
2 Current deferred tax assets (included in Other current assets). See Details »
Adjustments to Total Assets
Colgate-Palmolive Co., adjusted total assets
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total assets | |||||
| Adjustments | ||||||
| | Add: Operating leased assets1 | |||||
| | Add: Allowance for doubtful accounts and estimated returns | |||||
| | Add: LIFO reserve2 | |||||
| | Less: Current deferred tax assets (included in Other current assets)3 | |||||
| | Less: Noncurrent deferred tax assets4 | |||||
| After Adjustment | ||||||
| | Adjusted total assets | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
1 Operating leased assets. See Details »
2 LIFO reserve. See Details »
3 Current deferred tax assets (included in Other current assets). See Details »
4 Noncurrent deferred tax assets. See Details »
Adjustments to Current Liabilities
Colgate-Palmolive Co., adjusted current liabilities
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current liabilities | |||||
| Adjustments | ||||||
| | Less: Current restructuring accrual | |||||
| After Adjustment | ||||||
| | Adjusted current liabilities | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
Adjustments to Total Liabilities
Colgate-Palmolive Co., adjusted total liabilities
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total liabilities | |||||
| Adjustments | ||||||
| | Add: Operating lease obligations1 | |||||
| | Less: Noncurrent deferred tax liabilities2 | |||||
| | Less: Restructuring accrual | |||||
| After Adjustment | ||||||
| | Adjusted total liabilities | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
1 Operating lease obligations. See Details »
2 Noncurrent deferred tax liabilities. See Details »
Adjustments to Stockholders' Equity
Colgate-Palmolive Co., adjusted total equity
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total Colgate-Palmolive Company shareholders' equity | |||||
| Adjustments | ||||||
| | Less: Net deferred income taxes1 | |||||
| | Add: Allowance for doubtful accounts and estimated returns | |||||
| | Add: LIFO reserve2 | |||||
| | Add: Restructuring accrual | |||||
| | Add: Noncontrolling interests | |||||
| After Adjustment | ||||||
| | Adjusted total equity | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
1 Net deferred income taxes. See Details »
2 LIFO reserve. See Details »
Adjustments to Capitalization Table
Colgate-Palmolive Co., adjusted capitalization table
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Notes and loans payable | |||||
| | Current portion of long-term debt | |||||
| | Long-term debt, excluding current portion | |||||
| | Total reported debt | |||||
| | Total Colgate-Palmolive Company shareholders' equity | |||||
| | Total reported capital | |||||
| Adjustments to Debt | ||||||
| | Add: Operating lease obligations1 | |||||
| | Adjusted total debt | |||||
| Adjustments to Equity | ||||||
| | Less: Net deferred income taxes2 | |||||
| | Add: Allowance for doubtful accounts and estimated returns | |||||
| | Add: LIFO reserve3 | |||||
| | Add: Restructuring accrual | |||||
| | Add: Noncontrolling interests | |||||
| | Adjusted total equity | |||||
| After Adjustment | ||||||
| | Adjusted total capital | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
1 Operating lease obligations. See Details »
2 Net deferred income taxes. See Details »
3 LIFO reserve. See Details »
Adjustments to Reported Income
Colgate-Palmolive Co., adjusted comprehensive income including noncontrolling interests
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Net income attributable to Colgate-Palmolive Company | |||||
| Adjustments | ||||||
| | Add: Deferred income tax expense (benefit)1 | |||||
| | Add: Increase (decrease) in allowance for doubtful accounts and estimated returns | |||||
| | Add: Increase (decrease) in LIFO reserve2 | |||||
| | Add: Increase (decrease) in restructuring accrual | |||||
| | Add: Other comprehensive income (loss), net of tax | |||||
| | Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest | |||||
| After Adjustment | ||||||
| | Adjusted comprehensive income including noncontrolling interests | |||||
Source: Based on data from Colgate-Palmolive Co. Annual Reports
1 Deferred income tax expense (benefit). See Details »
2 Increase (decrease) in LIFO reserve. See Details »
