P&G Files 2024 10-K: Consumer Goods Giant Reports

Ticker: PG · Form: 10-K · Filed: 2024-08-05T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, consumer-staples, annual-report

TL;DR

P&G dropped its 2024 10-K. All systems go for consumer staples.

AI Summary

Procter & Gamble Co. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its diverse consumer goods business. The company, headquartered in Cincinnati, Ohio, operates within the soap, detergent, cleaning preparations, perfumes, and cosmetics industry. This filing provides a comprehensive overview of its financial performance and business operations for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a detailed look at Procter & Gamble's financial health and strategic direction for the past fiscal year, impacting consumer product availability and company stock.

Risk Assessment

Risk Level: low — Procter & Gamble is a well-established, large-cap company with a history of stable performance in the consumer staples sector.

Key Numbers

Key Players & Entities

FAQ

What is the primary industry classification for Procter & Gamble Co.?

Procter & Gamble Co. is classified under SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840].

When did Procter & Gamble Co. file its 10-K report?

The 10-K report was filed on 20240805.

What is the fiscal year end date for this 10-K filing?

The conformed period of report for this 10-K filing is 20240630.

Where is Procter & Gamble Co. headquartered?

Procter & Gamble Co. is headquartered in CINCINNATI, OH.

What is the SEC file number for Procter & Gamble Co.'s 1934 Act filings?

The SEC file number is 001-00434.

Filing Stats: 4,432 words · 18 min read · ~15 pages · Grade level 14.2 · Accepted 2024-08-05 16:16:53

Filing Documents

Item 1. Business

PART I Item 1. Business 1

Risk Factors

Item 1A. Risk Factors 3

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 9

Cybersecurity

Item 1C. Cybersecurity 9

Properties

Item 2. Properties 10

Legal Proceedings

Item 3. Legal Proceedings 10

Mine Safety Disclosure

Item 4. Mine Safety Disclosure 10 Information about our Executive Officers 11 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 12

Intentionally Omitted

Item 6. Intentionally Omitted 13

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 13

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 31

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 32 Management's Report and Reports of Independent Registered Public Accounting Firm 32 Consolidated Statements of Earnings 36 Consolidated Statements of Comprehensive Income 36 Consolidated Balance Sheets 37 Consolidated Statements of Shareholders' Equity 38 Consolidated Statements of Cash Flows 39

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 40 Note 1: Summary of Significant Accounting Policies 40 Note 2: Segment Information 42 Note 3: Supplemental Financial Information 45 Note 4: Goodwill and Intangible Assets 46 Note 5: Income Taxes 48 Note 6: Earnings Per Share 50 Note 7: Share-based Compensation 51 Note 8: Postretirement Benefits and Employee Stock Ownership Plan 53 Note 9: Risk Management Activities and Fair Value Measurements 58 Note 10: Short-term and Long-term Debt 60 Note 11: Accumulated Other Comprehensive Income/(Loss) 62 Note 12: Leases 62 Note 13: Commitments and Contingencies 63 Note 14: Supplier Finance Programs 64 Note 15: Subsequent Event 64

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 64

Controls and Procedures

Item 9A. Controls and Procedures 65

Other Information

Item 9B. Other Information 65

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 65

Item 10. Directors, Executive Officers and Corporate Governance

PART III Item 10. Directors, Executive Officers and Corporate Governance 65

Executive Compensation

Item 11. Executive Compensation 65

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 65

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 66

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 66

Item 15. Exhibits and Financial Statement Schedules

PART IV Item 15. Exhibits and Financial Statement Schedules 66

Form 10-K Summary

Item 16. Form 10-K Summary 69

Signatures

Signatures 70 The Procter & Gamble Company 1 PART I

Business

Item 1. Business. The Procter & Gamble Company (the Company) is a world-leading multinational consumer goods company focused on providing trusted, branded products of superior quality, performance and value to improve the lives of consumers around the world - now and for generations to come. Our products are sold in about 180 countries and territories throughout the world. The Company was incorporated in Ohio in 1905, having first been established as a New Jersey corporation in 1890, and was built from a business founded in Cincinnati in 1837 by William Procter and James Gamble. Additional information required by this item is incorporated herein by reference to Management's Discussion and Analysis (MD&A); and Notes 1 and 2 to our Consolidated Financial Statements. Unless the context indicates otherwise, the terms "Company," "P&G," "we," "our" or "us" as used herein refer to The Procter & Gamble Company (the registrant) and its subsidiaries. Throughout this Form 10-K, we incorporate by reference information from other documents filed with the Securities and Exchange Commission (SEC). The Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments thereto, are filed electronically with the SEC. The SEC maintains an internet site that contains these reports at: www.sec.gov. Reports can also be accessed and downloaded through links from our website at: www.pginvestor.com. P&G includes the website link solely as a textual reference and the information on our website is not incorporated by reference into this report. Copies of these reports are also available, without charge, by contacting EQ Shareowner Services, 1100 Centre Pointe Curve, Suite 101, Mendota, MN 55120-4100. Financial Information about Segments Information about our reportable segments can be found in the MD&A and Note 2 to our Consolidated Financial Statements. Narrative Description of Business Business Model . Our business model is focused on

Risk Factors

Item 1A. Risk Factors. We discuss our expectations regarding future performance, events and outcomes, such as our business outlook and objectives in this Form 10-K, as well as in our quarterly and annual reports, current reports on Form 8-K, press releases and other written and oral communications. All statements, except for historical and present factual information, are "forward-looking statements" and are based on financial data and business plans available only as of the time the statements are made, which may become outdated or incomplete. We assume no obligation to update any forward-looking statements as a result of new information, future events or other factors, except to the extent required by law. Forward-looking statements are inherently uncertain, and investors must recognize that events could significantly differ from our expectations. The following discussion of "risk factors" identifies significant factors that may adversely affect our business, operations, financial position or future financial performance. This information should be read in conjunction with Management's Discussion and Analysis and the Consolidated Financial Statements and related Notes incorporated in this report. The following discussion of risks is not all inclusive but is designed to highlight what we believe are important factors to consider when evaluating our expectations. These and other factors could cause our future results to differ from those in the forward-looking statements and from historical trends, perhaps materially. MACROECONOMIC CONDITIONS AND RELATED FINANCIAL RISKS Our business is subject to numerous risks as a result of having significant operations and sales in international markets, including foreign currency fluctuations, currency exchange or pricing controls. We are a global company, with operations in about 70 countries and products sold in about 180 countries and territories around the world. We hold assets, incur liabilities, generate sales and pay

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