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Lorico [155]
3 years ago
12

Based on the company’s 2013 10-K, how much long term debt is maturing between 2014 and 2016? Please provide your answer in milli

ons without comma separator or decimal (Ex: 2345).
Business
1 answer:
Lady_Fox [76]3 years ago
4 0

Answer:

Colgate Palmolive Company

The company's 2013 10-K Long-term debts maturing between 2014 and 2016:

Maturing:   Amount

Year          $'millions

2014            895

2015            491

2016           255

Total          1641

Explanation:

The long-term debts of Colgate Palmolive, according to the company's 2013 10-K reports are mainly commercial papers and notes, with various maturity dates.  These debts would not be paid off in 2013.  However, it looks like there was a misclassification of the long-term debts since the 2014 long-term debts would not take more than 12 months to mature.  They should have been classified as current out-right, though there was an acknowledgement and indication that some of these long-term debts were maturing currently.

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