300 Park Avenue New York, NY 10022-7499 Creating Smiles Creating Smiles For 200 Years The gatefold For 200 Years includes highlights from our 200-year history, Strengthening illustrated with objects and photographs from Growth Worldwide our corporate archives. Today, Colgate’s sales Colgate-Palmolive Company / 2006 Annual Report Colgate-Palmolive Company 2006 Annual Report surpass $12 billion and our products are sold in over 200 countries and territories. Colgate people, focused on Our Global Values— Caring, Continuous Improvement and Global Teamwork— and Managing With Respect principles, drive our success today as they have for 200 years. Contents 3 Dear Colgate Shareholder 14 Effi ciency in Everything 54 Colgate’s Corporate 6 Absolute Focus on Consumers 16 Caring for Our Communities Governance Commitment 8 Absolute Focus on The Profession 18 Global Financial Review 55 Your Board of Directors 10 Absolute Focus on Our Customers 52 Eleven-Year Financial Summary 56 Your Management Team 12 Innovating Everywhere 52 Glossary of Terms 57 Shareholder Information CCoversAcme.inddoversAcme.indd OOCVRSCVRS 33/16/07/16/07 55:53:34:53:34 PPMM 300 Park Avenue New York, NY 10022-7499 Creating Smiles Creating Smiles For 200 Years The gatefold For 200 Years includes highlights from our 200-year history, Strengthening illustrated with objects and photographs from Growth Worldwide our corporate archives. Today, Colgate’s sales Colgate-Palmolive Company / 2006 Annual Report Colgate-Palmolive Company 2006 Annual Report surpass $12 billion and our products are sold in over 200 countries and territories. Colgate people, focused on Our Global Values— Caring, Continuous Improvement and Global Teamwork— and Managing With Respect principles, drive our success today as they have for 200 years. Contents 3 Dear Colgate Shareholder 14 Effi ciency in Everything 54 Colgate’s Corporate 6 Absolute Focus on Consumers 16 Caring for Our Communities Governance Commitment 8 Absolute Focus on The Profession 18 Global Financial Review 55 Your Board of Directors 10 Absolute Focus on Our Customers 52 Eleven-Year Financial Summary 56 Your Management Team 12 Innovating Everywhere 52 Glossary of Terms 57 Shareholder Information CCoversAcme.inddoversAcme.indd OOCVRSCVRS 33/16/07/16/07 55:53:34:53:34 PPMM 21 Creating Smiles For 200 Years Shareholder 7 15 3 11 Information 32 Corporate Offices investments by check or automatic Financial Information Colgate-Palmolive Company monthly payments as well as many other Financial results, dividend news and SEC 300 Park Avenue features. If you would like to learn more filings are available on Colgate’s Internet 8 25 New York, NY 10022-7499 about the Plan or to enroll, please contact site: www.colgate.com 33 (212) 310-2000 our transfer agent at 1-800-756-8700 to request a Plan brochure and the forms Colgate also offers earnings information, Stock Exchanges needed to start the process. dividend news and other corporate 16 The common stock of Colgate-Palmolive announcements toll-free at Company is listed and traded on The New Annual Meeting 1-800-850-2654. The information can be York Stock Exchange under Colgate shareholders are invited to attend read to the caller and can also be received 22 12 the symbol CL and on other our annual meeting. It will be on Thurs- by mail or fax. 4 26 27 world exchanges including day, May 3, 2007 at 10:00 a.m. in the Frankfurt, London, Zurich Broadway Ballroom of the Marriott Mar- Investor Relations/Reports and Euronext. quis Hotel, Sixth Floor, Broadway at 45th Copies of annual reports, press releases, 13 1 Street, New York, NY. Even if you plan to company brochures, Forms 10-K and SEC and NYSE Certifications attend the meeting, please vote by proxy. other filings and publications are available 9 The certifications of Colgate’s Chief You may do so by using the telephone, without charge from the Investor Executive Officer and Chief Financial the Internet or your proxy card. Relations Department: 28 34 Officer, required under Section 302 of the ■ by mail, directed to the corporate Sarbanes-Oxley Act of 2002, have been Independent Registered Public address filed as exhibits to Colgate’s 2006 Annual Accounting Firm ■ by e-mail, 5 Report on Form 10-K. In addition, in PricewaterhouseCoopers LLP [email protected] 2006 Colgate’s Chief Executive Officer ■ by calling 1-800-850-2654 or by calling submitted the annual certification to the Communications to the Investor Relations at (212) 310-2575 29 NYSE regarding Colgate’s compliance Board of Directors 18 23 with the NYSE corporate governance Shareholders and other interested Individual investors with other requests: listing standards. parties are encouraged to communicate ■ 17 35 please write Investor Relations at the directly with the Company’s indepen- corporate address or Transfer Agent and Registrar dent directors by sending an e-mail to ■ call (212) 310-2575 14 Our transfer agent can assist you with a [email protected] or by writing to variety of shareholder services, including Directors, c/o Office of the General Institutional Investors: change of address, transfer of stock to Counsel, Colgate-Palmolive Company, ■ call Bina Thompson at (212) 310-3072 300 Park Avenue, 11th Floor, New York, 31 another person, questions about 2 NY 10022-7499. Shareholders and other 24 dividend checks and Colgate’s Direct Other Reports 19 Stock Purchase Plan: interested parties may also communicate You can obtain a copy of Colgate’s with individual independent directors and Environmental Policy Statement, Code of 6 30 36 20 The Bank of New York committee chairs by writing to them at Conduct, Advertising Placement Policy 10 Shareholder Relations Department the above mailing address, in care of the Statement, Product Safety Research Policy, PO Box 11258 Office of the General Counsel. Under 2006 Programs and Policies on Animal Church Street Station procedures established by the Company’s Research and Development of Alterna- New York, NY 10286 independent directors, each letter and tives, and Colgate: Respecting The World Our 200-year history, 1820 1866 (5) 1873 (8) 1900 (12) 1908 (15) 1912 (18) 1939 (21) 1962 (24) 1983 (28) 1992 (32) 2004 (35) 1-800-756-8700 or (212) 815-3700 e-mail sent in accordance with these Around Us – Living Our Values For Sustain- illustrated with ob- Colgate establishes a Colgate introduces Colgate introduces tooth- Colgate wins top honors Colgate is incorporated William Mennen introduces Dr. Mark L. Morris develops Colgate Research Center Colgate Plus toothbrush is Colgate Total toothpaste Colgate acquires GABA oral instructions is reviewed by the Legal ability by writing to Consumer Affairs at jects and photographs starch factory in Jersey City, perfumed soap and paste in jars. for its fi ne soaps and by the fi ve sons of Samuel the fi rst American shaving a pet food to help save a dedicated in Piscataway, introduced globally. introduced. care business in Europe. E-mail: Department and, unless such communica- from our corporate New Jersey. perfumes/essences. perfumes at the World’s Colgate. cream tube. guide dog named Buddy New Jersey. Colgate-Palmolive Company, 300 Park archives. 1879 (9) Fair in Paris. from kidney disease. This 1986 (29) 1995 (33) 2006 (36) [email protected] tions fall within certain categories (which Avenue, New York, NY 10022-7499. 1857 (3) 1872 (6) Gerhard Mennen 1908 (16) 1928 (19) breakthrough leads to the 1966 (25) “You Can Make A Differ- Colgate acquires Kolynos Colgate enters the fast-grow- Internet address: www.stockbny.com are listed on the “Contact the Board” page 1806 (1) Upon the death of founder Cashmere Bouquet, the establishes a pharmacy 1902 (13) Ribbon opening added to Colgate merges with fi rst Hill’s Prescription Diet Palmolive dishwashing ence” program launches Oral Care business in Latin ing Naturals segment by at www.colgate.com), distributed to all of William Colgate establishes William Colgate, the fi rst milled perfume toilet in Newark, New Jersey, Stylish Palmolive advertising Colgate tube: “We couldn’t Palmolive-Peet to become product. liquid is introduced. to recognize achievements America and later launches purchasing Tom’s of Maine, Hearing impaired: TDD: 1-888-269-5221 Consumer Affairs a starch, soap and candle company is reorganized soap, is registered as a which later becomes the begins. improve the product so we Colgate-Palmolive-Peet. of Colgate people around Sorriso toothpaste. a leader in that market in the independent directors or to individual For Oral, Personal and Home Care factory on Dutch Street in as Colgate & Company Colgate trademark. Mennen Company. improved the tube.” 1953 (22) 1972 (26) the world. the United States. Direct Stock Purchase Plan directors, as appropriate, with copies to 1-800-468-6502 New York City. under the management of 1906 (14) 1930 (20) Corporate name becomes Colgate acquires Hoyt 1996 (34) Samuel Colgate, his son. 1872 (7) 1896 (10) Colgate marks its centenni- 1911 (17) Colgate-Palmolive-Peet is fi rst Colgate-Palmolive Company. Laboratories, which later 1987 (30) Bright Smiles, Bright Futures A Direct Stock Purchase Plan is available the Office of the Chairman. For Hill’s Pet Nutrition 1817 (2) Peet brothers establish a Colgate introduces tooth- al with a celebration where Colgate distributes two listed on the New York Stock becomes Colgate Oral Colgate acquires Softsoap oral health education through The Bank of New York, our trans- 1-800-445-5777 First Colgate advertisement 1864 (4) soap company in Kansas paste in a collapsible tube. every attendee wore the million tubes of toothpaste Exchange. 1956 (23) Pharmaceuticals. liquid soap business from program expands to 50 fer agent. The Plan includes dividend appears in a New York B. J. Johnson starts a soap City, Kansas where they commemorative medal and toothbrushes to Corporate headquarters the Minnetonka Corpora- countries, and today newspaper.