00000804246/302025Q1falsehttp://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrenthttp://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrenthttp://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrenthttp://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrenthttp://fasb.org/us-gaap/2024#AccountsPayableCurrenthttp://fasb.org/us-gaap/2024#AccountsPayableCurrentxbrli:sharesiso4217:USDiso4217:USDxbrli:sharespg:segmentxbrli:purepg:countrypg:taxable_jurisdictionpg:audit00000804242024-07-012024-09-300000080424us-gaap:CommonStockMember2024-07-012024-09-300000080424pg:A0.500NotesDue2024Member2024-07-012024-09-300000080424pg:A0.625NotesDue2024Member2024-07-012024-09-300000080424pg:A1.375NotesDue2025Member2024-07-012024-09-300000080424pg:A0.110NotesDue2026Member2024-07-012024-09-300000080424pg:A3.250EURNotesDue2026Member2024-07-012024-09-300000080424pg:A4.875EURNotesDueMay2027Member2024-07-012024-09-300000080424pg:A1.200NotesDue2028Member2024-07-012024-09-300000080424pg:A3.150EURONotesDue2028Member2024-07-012024-09-300000080424pg:A1.250NotesDue2029Member2024-07-012024-09-300000080424pg:A1.800NotesDue2029Member2024-07-012024-09-300000080424pg:A6.250GBPNotesDueJanuary2030Member2024-07-012024-09-300000080424pg:A0.350NotesDue2030Member2024-07-012024-09-300000080424pg:A0.230NotesDue2031Member2024-07-012024-09-300000080424pg:A3.250EURNotesDue2031Member2024-07-012024-09-300000080424pg:A5.250GBPNotesDueJanuary2033Member2024-07-012024-09-300000080424pg:A3.200EURNotesDue2034Member2024-07-012024-09-300000080424pg:A1.875NotesDue2038Member2024-07-012024-09-300000080424pg:A0.900NotesDue2041Member2024-07-012024-09-3000000804242024-09-3000000804242023-07-012023-09-3000000804242024-06-300000080424us-gaap:CommonStockMember2024-06-300000080424us-gaap:PreferredStockMember2024-06-300000080424us-gaap:AdditionalPaidInCapitalMember2024-06-300000080424pg:ReserveforESOPDebtRetirementMember2024-06-300000080424us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300000080424us-gaap:TreasuryStockCommonMember2024-06-300000080424us-gaap:RetainedEarningsMember2024-06-300000080424us-gaap:NoncontrollingInterestMember2024-06-300000080424us-gaap:RetainedEarningsMember2024-07-012024-09-300000080424us-gaap:NoncontrollingInterestMember2024-07-012024-09-300000080424us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-09-300000080424us-gaap:CommonStockMember2024-07-012024-09-300000080424us-gaap:TreasuryStockCommonMember2024-07-012024-09-300000080424us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300000080424us-gaap:PreferredStockMember2024-07-012024-09-300000080424pg:ReserveforESOPDebtRetirementMember2024-07-012024-09-300000080424us-gaap:CommonStockMember2024-09-300000080424us-gaap:PreferredStockMember2024-09-300000080424us-gaap:AdditionalPaidInCapitalMember2024-09-300000080424pg:ReserveforESOPDebtRetirementMember2024-09-300000080424us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-300000080424us-gaap:TreasuryStockCommonMember2024-09-300000080424us-gaap:RetainedEarningsMember2024-09-300000080424us-gaap:NoncontrollingInterestMember2024-09-300000080424us-gaap:CommonStockMember2023-06-300000080424us-gaap:PreferredStockMember2023-06-300000080424us-gaap:AdditionalPaidInCapitalMember2023-06-300000080424pg:ReserveforESOPDebtRetirementMember2023-06-300000080424us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000080424us-gaap:TreasuryStockCommonMember2023-06-300000080424us-gaap:RetainedEarningsMember2023-06-300000080424us-gaap:NoncontrollingInterestMember2023-06-3000000804242023-06-300000080424us-gaap:RetainedEarningsMember2023-07-012023-09-300000080424us-gaap:NoncontrollingInterestMember2023-07-012023-09-300000080424us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000080424us-gaap:CommonStockMember2023-07-012023-09-300000080424us-gaap:TreasuryStockCommonMember2023-07-012023-09-300000080424us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-300000080424us-gaap:PreferredStockMember2023-07-012023-09-300000080424pg:ReserveforESOPDebtRetirementMember2023-07-012023-09-300000080424us-gaap:CommonStockMember2023-09-300000080424us-gaap:PreferredStockMember2023-09-300000080424us-gaap:AdditionalPaidInCapitalMember2023-09-300000080424pg:ReserveforESOPDebtRetirementMember2023-09-300000080424us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300000080424us-gaap:TreasuryStockCommonMember2023-09-300000080424us-gaap:RetainedEarningsMember2023-09-300000080424us-gaap:NoncontrollingInterestMember2023-09-3000000804242023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:FabricHomeCareSegmentMemberpg:FabricCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:FabricHomeCareSegmentMemberpg:FabricCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:FabricHomeCareSegmentMemberpg:HomeCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:FabricHomeCareSegmentMemberpg:HomeCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BabyFeminineFamilyCareSegmentMemberpg:BabyCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BabyFeminineFamilyCareSegmentMemberpg:BabyCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BeautySegmentMemberpg:HairCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BeautySegmentMemberpg:HairCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BabyFeminineFamilyCareSegmentMemberpg:FamilyCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BabyFeminineFamilyCareSegmentMemberpg:FamilyCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:GroomingSegmentMemberpg:GroomingMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:GroomingSegmentMemberpg:GroomingMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:HealthCareSegmentMemberpg:OralCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:HealthCareSegmentMemberpg:OralCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:HealthCareSegmentMemberpg:PersonalHealthCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:HealthCareSegmentMemberpg:PersonalHealthCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BabyFeminineFamilyCareSegmentMemberpg:FeminineCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BabyFeminineFamilyCareSegmentMemberpg:FeminineCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BeautySegmentMemberpg:PersonalCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BeautySegmentMemberpg:PersonalCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BeautySegmentMemberpg:SkinCareMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMemberpg:BeautySegmentMemberpg:SkinCareMember2023-07-012023-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-07-012024-09-300000080424us-gaap:ProductConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-07-012023-09-300000080424pg:BeautySegmentMember2024-07-012024-09-300000080424pg:BeautySegmentMember2023-07-012023-09-300000080424pg:GroomingSegmentMember2024-07-012024-09-300000080424pg:GroomingSegmentMember2023-07-012023-09-300000080424pg:HealthCareSegmentMember2024-07-012024-09-300000080424pg:HealthCareSegmentMember2023-07-012023-09-300000080424pg:FabricHomeCareSegmentMember2024-07-012024-09-300000080424pg:FabricHomeCareSegmentMember2023-07-012023-09-300000080424pg:BabyFeminineFamilyCareSegmentMember2024-07-012024-09-300000080424pg:BabyFeminineFamilyCareSegmentMember2023-07-012023-09-300000080424us-gaap:CorporateMember2024-07-012024-09-300000080424us-gaap:CorporateMember2023-07-012023-09-300000080424pg:BeautySegmentMember2024-06-300000080424pg:GroomingSegmentMember2024-06-300000080424pg:HealthCareSegmentMember2024-06-300000080424pg:FabricHomeCareSegmentMember2024-06-300000080424pg:BabyFeminineFamilyCareSegmentMember2024-06-300000080424pg:BeautySegmentMember2024-09-300000080424pg:GroomingSegmentMember2024-09-300000080424pg:HealthCareSegmentMember2024-09-300000080424pg:FabricHomeCareSegmentMember2024-09-300000080424pg:BabyFeminineFamilyCareSegmentMember2024-09-300000080424pg:GilletteMember2024-09-300000080424pg:A25BpsIncreaseDiscountRateMemberus-gaap:IndefinitelivedIntangibleAssetsMemberpg:GilletteMember2023-12-310000080424pg:A25bpsDecreaseLongTermGrowthMemberus-gaap:IndefinitelivedIntangibleAssetsMemberpg:GilletteMember2023-12-310000080424pg:A50BpsDecreaseLongTermRoyaltyMemberus-gaap:IndefinitelivedIntangibleAssetsMemberpg:GilletteMember2023-12-310000080424us-gaap:EmployeeStockOptionMember2023-07-012023-09-300000080424us-gaap:EmployeeStockOptionMember2024-07-012024-09-300000080424us-gaap:PensionPlansDefinedBenefitMember2024-07-012024-09-300000080424us-gaap:PensionPlansDefinedBenefitMember2023-07-012023-09-300000080424us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2024-07-012024-09-300000080424us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-07-012023-09-300000080424us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2024-09-300000080424us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2024-06-300000080424us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2024-09-300000080424us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2024-06-300000080424us-gaap:DesignatedAsHedgingInstrumentMember2024-09-300000080424us-gaap:DesignatedAsHedgingInstrumentMember2024-06-300000080424us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2024-09-300000080424us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2024-06-300000080424us-gaap:UnderlyingOtherMemberus-gaap:FairValueHedgingMember2024-09-300000080424us-gaap:UnderlyingOtherMemberus-gaap:FairValueHedgingMember2024-06-300000080424us-gaap:UnderlyingOtherMemberus-gaap:NetInvestmentHedgingMember2024-09-300000080424us-gaap:UnderlyingOtherMemberus-gaap:NetInvestmentHedgingMember2024-06-300000080424us-gaap:ForeignExchangeContractMember2024-07-012024-09-300000080424us-gaap:ForeignExchangeContractMember2023-07-012023-09-300000080424us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2024-07-012024-09-300000080424us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2023-07-012023-09-300000080424us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2024-07-012024-09-300000080424us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2023-07-012023-09-300000080424us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300000080424us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300000080424us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300000080424us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-07-012024-09-300000080424us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-07-012024-09-300000080424us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-07-012024-09-300000080424us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-09-300000080424us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-09-300000080424us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-09-300000080424srt:MinimumMember2024-07-012024-09-300000080424srt:MaximumMember2024-07-012024-09-300000080424srt:MinimumMember2024-09-300000080424srt:MaximumMember2024-09-300000080424us-gaap:CostOfSalesMember2024-07-012024-09-300000080424us-gaap:SellingGeneralAndAdministrativeExpensesMember2024-07-012024-09-300000080424us-gaap:OtherNonoperatingIncomeExpenseMember2024-07-012024-09-300000080424us-gaap:EmployeeSeveranceMember2024-06-300000080424us-gaap:FacilityClosingMember2024-06-300000080424us-gaap:OtherRestructuringMember2024-06-300000080424us-gaap:EmployeeSeveranceMember2024-07-012024-09-300000080424us-gaap:FacilityClosingMember2024-07-012024-09-300000080424us-gaap:OtherRestructuringMember2024-07-012024-09-300000080424us-gaap:EmployeeSeveranceMember2024-09-300000080424us-gaap:FacilityClosingMember2024-09-300000080424us-gaap:OtherRestructuringMember2024-09-30