Colgate-Palmolive Co., current enterprise value calculation

Current share price (P)	$75.62
No. shares of common stock outstanding	826,691,529
US$ in millions
Common equity (market value)¹	62,514)
Add: Noncontrolling interests (per books)	405)
Total equity	62,919)
Add: Notes and loans payable (per books)	11)
Add: Current portion of long-term debt (per books)	14)
Add: Long-term debt, excluding current portion (per books)	8,741)
Total equity and debt	71,685)
Less: Cash and cash equivalents	775)
Enterprise value (EV)	70,910)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 75.62 × 826,691,529

Colgate-Palmolive Co., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$72.77	$79.15	$78.72	$76.27	$66.70
No. shares of common stock outstanding¹	830,378,790	840,487,222	848,562,678	855,029,777	861,676,494
US$ in millions
Common equity (market value)³	60,427)	66,525)	66,799)	65,213)	57,474)
Add: Noncontrolling interests (book value)	405)	362)	358)	441)	299)
Total equity	60,832)	66,887)	67,157)	65,654)	57,773)
Add: Notes and loans payable (book value)	11)	39)	258)	260)	12)
Add: Current portion of long-term debt (book value)	14)	12)	9)	254)	—)
Add: Long-term debt, excluding current portion (book value)	8,741)	7,194)	7,334)	7,333)	6,354)
Total equity and debt	69,598)	74,132)	74,758)	73,501)	64,139)
Less: Cash and cash equivalents	775)	832)	888)	883)	726)
Enterprise value (EV)	68,823)	73,300)	73,870)	72,618)	63,413)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Colgate-Palmolive Co. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 72.77 × 830,378,790

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Colgate-Palmolive Co. EV decreased from 2020 to 2021 and from 2021 to 2022.

Colgate-Palmolive Co. (NYSE:CL)

Enterprise Value (EV)