Moreover, the company anticipates solid operating cash flow, and is optimistic about the brand building and productivity maximization initiatives during the same period. Further, Colgate's Global Growth and Efficiency Program or 2012 Restructuring Program, and Funding the Growth initiatives are encouraging. Acknowledging the success of the Global Growth and Efficiency Program, the company approved an expansion and extension of the program through Dec 31, 2019. This will enable Colgate to take advantage of the incremental opportunities while streamlining operations. Also, management expects to generate after-tax savings of $500-$575 million from the program. In fact, the projected savings target a three to four-year average cash payback, with an after-tax rate of return above 30%. The Global Growth and Efficiency Program focuses on reducing structural costs to drive gross and operating profit, standardize processes to improve the decision-making procedure and enhance its market share position worldwide.