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SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
Under U.S. GAAP, our operating segments are aggregated into five reportable segments: 1) Beauty, 2) Grooming, 3) Health Care, 4) Fabric & Home Care and 5) Baby, Feminine & Family Care. Our five reportable segments are comprised of:
•Beauty: Hair Care (Conditioners, Shampoos, Styling Aids, Treatments); Skin and Personal Care (Antiperspirants and Deodorants, Personal Cleansing, Skin Care);
•Grooming: Grooming (Appliances, Female Blades & Razors, Male Blades & Razors, Pre- and Post-Shave Products, Other Grooming);
•Health Care: Oral Care (Toothbrushes, Toothpaste, Other Oral Care); Personal Health Care (Gastrointestinal, Pain Relief, Rapid Diagnostics, Respiratory, Vitamins/Minerals/Supplements, Other Personal Health Care);
•Fabric & Home Care: Fabric Care (Fabric Enhancers, Laundry Additives, Laundry Detergents); Home Care (Air Care, Dish Care, P&G Professional, Surface Care); and
•Baby, Feminine & Family Care: Baby Care (Baby Wipes, Taped Diapers and Pants); Feminine Care (Adult Incontinence, Menstrual Care); Family Care (Paper Towels, Tissues, Toilet Paper).
While none of our reportable segments are highly seasonal, components within certain reportable segments, such as Appliances (Grooming) and Personal Health Care (Health), are seasonal.
The accounting policies of the segments are generally the same as those described in Note 1. Differences between these policies and U.S. GAAP primarily reflect income taxes, which are reflected in the segments using applicable blended statutory rates. Adjustments to arrive at our effective tax rate are included in Corporate. In addition, capital expenditures in the segments are on an accrual basis consistent with the balance sheet. Adjustments to move from an accrual to cash basis, for purposes of the cash flow statement, are reflected in Corporate.
Corporate includes certain operating and non-operating activities that are not reflected in the operating results used internally to measure and evaluate the businesses, as well as items to adjust management reporting principles to U.S. GAAP. Operating activities in Corporate include the results of incidental businesses managed at the corporate level. Operating elements also include certain employee benefit costs, the costs of certain restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization, asset impairment charges and other general Corporate items. The non-operating elements in Corporate primarily include interest expense, certain pension and other postretirement benefit costs, certain acquisition and divestiture gains, interest and investing income and other financing costs.
Total assets for the reportable segments include those assets managed by the reportable segment, primarily inventory, fixed assets and intangible assets. Other assets, primarily cash, accounts receivable, investment securities and goodwill, are included in Corporate.
Our operating segments are comprised of similar product categories. Operating segments that individually accounted for 5% or more of consolidated net sales are as follows:
% of Net sales by operating segment (1)
Fiscal years ended June 30202420232022
Fabric Care24%23%23%
Home Care12%12%12%
Baby Care9%10%10%
Family Care9%8%9%
Hair Care9%9%9%
Skin and Personal Care9%9%9%
Grooming (2)
8%8%6%
Oral Care8%8%8%
Feminine Care6%7%6%
Personal Health Care6%6%6%
Other (2)
—%—%2%
TOTAL100%100%100%
(1)% of Net sales by operating segment excludes sales recorded in Corporate.
(2)Effective July 1, 2022, the Grooming Sector Business Unit completed the full integration of its Shave Care and Appliances categories to cohesively serve consumers' grooming needs. This transition included the integration of the management team, strategic decision-making, innovation plans, financial targets, budgets and internal management reporting. For the fiscal year ended June 30, 2022, Appliances was presented in Other.
Net sales and long-lived assets in the United States and internationally were as follows (in billions):
Fiscal years ended June 30202420232022
NET SALES
United States$40.5 $38.7 $36.5 
International$43.5 $43.3 $43.7 
LONG-LIVED ASSETS (1)
United States$12.0 $11.4 $10.7 
International$10.2 $10.5 $10.5 
(1)Long-lived assets consists of property, plant and equipment.
No country, other than the United States, exceeds 10% of the Company's consolidated net sales or long-lived assets.
Our largest customer, Walmart Inc. and its affiliates, accounted for consolidated net sales of approximately 16% in 2024 and 15% in 2023 and 2022. No other customer represents more than 10% of our consolidated net sales.
Global Segment ResultsNet SalesEarnings/(Loss)
Before
Income Taxes		Net Earnings/(Loss)Depreciation
and
Amortization		Total
Assets		Capital
Expenditures
BEAUTY2024$15,220 $3,805 $2,963 $399 $6,103 $280 
202315,008 4,009 3,178 376 6,196 287 
202214,740 3,946 3,160 348 6,055 331 
GROOMING20246,654 1,845 1,477 335 19,082 337 
20236,419 1,806 1,461 335 20,601 300 
20226,587 1,835 1,490 361 20,482 260 
HEALTH CARE202411,793 2,941 2,258 381 8,416 524 
202311,226 2,759 2,125 352 8,480 466 
202210,824 2,618 2,006 376 7,888 410 
FABRIC & HOME CARE202429,495 7,339 5,687 710 8,907 1,076 
202328,371 6,303 4,828 675 8,669 979 
202227,556 5,729 4,386 672 8,567 988 
BABY, FEMININE & FAMILY CARE202420,277 5,253 4,020 824 8,497 979 
202320,217 4,623 3,545 804 8,517 994 
202219,736 4,267 3,266 826 8,443 932 
CORPORATE 2024601 (2,422)(1,430)247 71,365 126 
2023765 (1,147)(399)172 68,366 36 
2022744 (400)485 224 65,773 235 
TOTAL COMPANY2024$84,039 $18,761 $14,974 $2,896 $122,370 $3,322 
202382,006 18,353 14,738 2,714 120,829 3,062 
202280,187 17,995 14,793 2,807 117,208 3,156