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Based on the company’s 2013 10-K, how much long term debt is maturing between 2014 and 2016? Please provide your answer in millions without comma separator or decimal (Ex: 2345).

User Ripa Saha
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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

Step-by-step 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.

User Phaedra
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