Segment Information

3 Months Ended

Sep. 30, 2025

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); Personal Care (Antiperspirants and Deodorants, Personal Cleansing); Skin Care (Facial Moisturizers, Cleaners and Treatments);

•Grooming: Grooming (Appliances, Female Blades & Razors, Male Blades & Razors, Pre- and Post-Shave Products, Other Grooming);

•Health Care: Oral Care (Toothbrushes, Toothpastes, 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).

Operating segments as a percentage of consolidated net sales are as follows:

	% of Net sales by operating segment (1)
	Three Months Ended September 30
	2025		2024
Fabric Care	23	%	23	%
Home Care	12	%	13	%
Hair Care	10	%	9	%
Baby Care	9	%	9	%
Family Care	8	%	8	%
Grooming	8	%	8	%
Oral Care	8	%	8	%
Personal Health Care	7	%	7	%
Feminine Care	6	%	6	%
Personal Care	6	%	6	%
Skin Care	3	%	3	%
Total	100	%	100	%

(1)% of Net sales by operating segment excludes sales recorded in Corporate.

The following is a summary of reportable segment results:

	Three Months Ended September 30, 2025
	Beauty		Grooming		Health Care		Fabric & Home Care		Baby, Feminine & Family Care		Corporate		Total Company
Net sales	$	4,143	$	1,817	$	3,220	$	7,793	$	5,171	$	242	$	22,386
Cost of products sold	(1,625)		(743)		(1,344)		(4,144)		(2,770)		(261)		(10,887)
Selling, general and administrative expense	(1,387)		(489)		(945)		(1,607)		(955)		(260)		(5,643)
Other segment items (1)	—		—		6		—		—		172		178
Earnings/(loss) before income taxes	1,132		585		937		2,042		1,446		(108)		6,034
Net earnings/(loss)	$	879	$	463	$	718	$	1,579	$	1,105	$	36	$	4,781
Other segment information
Depreciation and amortization	$	102	$	79	$	106	$	185	$	207	$	82	$	761
Capital expenditures	$	74	$	132	$	109	$	283	$	274	$	328	$	1,200

(1)Other segment items for each reportable segment includes interest expense, interest income and certain other non-operating income/(expense).

	Three Months Ended September 30, 2024
	Beauty		Grooming		Health Care		Fabric & Home Care		Baby, Feminine & Family Care		Corporate		Total Company
Net sales	$	3,892	$	1,723	$	3,147	$	7,710	$	5,102	$	163	$	21,737
Cost of products sold	(1,493)		(706)		(1,259)		(4,005)		(2,730)		(228)		(10,421)
Selling, general and administrative expense	(1,332)		(495)		(935)		(1,628)		(989)		(140)		(5,519)
Other segment items (1)	—		—		—		—		—		(657)		(657)
Earnings/(loss) before income taxes	1,067		522		953		2,077		1,383		(862)		5,140
Net earnings/(loss)	$	840	$	426	$	741	$	1,621	$	1,066	$	(707)	$	3,987
Other segment information
Depreciation and amortization	$	99	$	83	$	97	$	179	$	204	$	67	$	728
Capital expenditures	$	48	$	94	$	82	$	204	$	198	$	366	$	993

(1)Other segment items for each reportable segment includes interest expense, interest income and certain other non-operating income/(expense). Corporate includes non-operating losses comprised primarily of a non-cash charge of $752 for accumulated foreign currency translation losses due to the substantial liquidation of operations in Argentina.

The Chief Operating Decision Maker (CODM) does not use assets by segment to evaluate performance or allocate resources. Therefore, we do not disclose assets by segment.