CL · 10-Q · 2026Q3 · Full report

Debt and Liquidity Position

COLGATE PALMOLIVE CO · 2026-10-30 · Importance 43 · Surprise 14 · From source text

Total debt decreased to $7,716 million at September 30, 2026, from $7,988 million at December 31, 2025. Cash and cash equivalents increased $239 million during the first nine months of 2026 to $1,527 million, of which $1,515 million was held by foreign subsidiaries. Financing activities used $2,272 million in the period, primarily reflecting higher debt principal payments and share repurchases, partly offset by increased short-term borrowing. Commercial paper outstanding was $1,037 million at September 30, 2026, compared with $147 million at year-end 2025; the company reported compliance with its borrowing covenants.

Key facts

• In April 2025, the Company issued $500 million of five-year Senior Notes at a 4.200% fixed coupon rate. source
• Domestic and foreign commercial paper outstanding was $1,037 million at September 30, 2026 and $147 million at December 31, 2025. source
• In Q1 2026, the Company redeemed at maturity $500 million of three-year Senior Notes with a 4.800% fixed coupon and €500 million of seven-year Medium-Term Notes with a 0.500% fixed coupon; the redemptions were financed with commercial paper borrowings. source
• Total debt was $7,716 million at September 30, 2026, down from $7,988 million at December 31, 2025. source
• Average daily commercial paper balances were $1,405 million in the first nine months of 2026 and $1,733 million in the first nine months of 2025. source
• The Company increased its quarterly common stock dividend to $0.53 per share from $0.52 in Q1 2026, effective in Q2 2026. source
• Cash and cash equivalents held by foreign subsidiaries were $1,515 million at September 30, 2026 and $1,234 million at December 31, 2025. source
• Cash and cash equivalents increased $239 million during the first nine months of 2026 to $1,527 million at September 30, 2026, from $1,288 million at December 31, 2025. source

Impact estimates