8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934

Date of Report (Date of earliest event reported) February 29, 2016

THE PROCTER & GAMBLE COMPANY

(Exact name of registrant as specified in its charter)

Ohio	1-434	31-0411980
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

One Procter & Gamble Plaza, Cincinnati, Ohio	45202
(Address of principal executive offices)	Zip Code

(513) 983-1100	45202
(Registrant's telephone number, including area code)	Zip Code

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURE

On February 29, 2016, The Procter & Gamble Company (the "Company") issued a news release with respect to the Company's completion of the transfer of the Duracell business to Berkshire Hathaway.

This 8-K is being furnished pursuant to Item 7.01, "Regulation FD Disclosure."

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

THE PROCTER & GAMBLE COMPANY

BY:/s/ Susan S. Whaley           

           Susan S. Whaley

           Assistant Secretary

           February 29, 2016

EXHIBIT(S)

99. News Release by The Procter & Gamble Company dated February 29, 2016.

EX-99

News Release	The Procter & Gamble Company One P&G Plaza Cincinnati, OH 45202

FOR IMMEDIATE RELEASE

P&G COMPLETES EXCHANGE OF DURACELL TO BERKSHIRE HATHAWAY

CINCINNATI, February 29, 2016 - Procter & Gamble (NYSE:PG) has announced the completion of the transfer of its Duracell business to Berkshire Hathaway.

P&G said the split transaction involved P&G contributing approximately $1.8 billion in cash to the Duracell Company in a pre-transaction recapitalization in exchange for Berkshire Hathaway's 52 Million shares of P&G stock.

P&G President and Chief Executive Officer, David Taylor, commented:  "Duracell is a strong, global business with a great future ahead of it as part of the Berkshire Hathaway family.  We thank Duracell's employees for their many contributions to P&G and wish them continued success for the future."

The deal with Berkshire Hathaway was announced in November 2014.

Duracell was acquired by P&G in 2005 as part of the acquisition of The Gillette Company.

Goldman Sachs & Co. acted as financial advisor, Cadwalader, Wickersham & Taft LLP acted as tax counsel, and Jones Day acted as legal counsel to P&G.

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

P&G Media Contacts:

Damon Jones, 513-983-0190

Jennifer Corso, 513-983-2570

or

P&G Investor Relations Contact:

John Chevalier, 513-983-9974