Income and equity relations. Selected information based on the comparative balance sheets and income statements of Colgate Palmolive Company (Colgate), a U.S. manufacturer of consumer products, for the years ended December 31, 2007, 2006, and 2005, appears in the following display, based on Colgate’s financial reports for fiscal 2007. Colgate applies U.S. GAAP and reports its results in millions of U.S. dollars.
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Colgate Palmolive Company Selected Financial Statement Information |
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Year Ended December 31 |
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2007 |
2006 |
2005 |
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Income Statement Information: |
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Net Income |
$ 1,737.4 |
$ 1,353.4 |
$ 1,351.4 |
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Other Comprehensive Income |
414.4 |
? |
1.5 |
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Balance Sheet Information: |
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Common Stock |
? |
? |
732.9 |
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Accumulated Other |
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Comprehensive Income |
? |
(2,081.2) |
(1,804.7) |
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Unearned Compensation |
(218.9) |
(251.4) |
(283.3) |
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Preferred Stock |
197.5 |
222.7 |
253.7 |
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Retained Earnings |
10,627.5 |
? |
8,968.1 |
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Treasury Stock |
? |
? |
(7,581.0) |
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Additional Paid In Capital |
1,517.7 |
1,218.1 |
? |
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Total Shareholders’ Equity |
? |
? |
1,350.1 |
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Other Information: |
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Dividends Declared and Paid |
? |
677.8 |
607.2 |
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Share Repurchases |
829.8 |
492.9 |
615.6 |
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Common Shares Issued |
0 |
0 |
0 |