Segment Information

6 Months Ended

Dec. 31, 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 December 31				Six Months Ended December 31
	2025		2024		2025		2024
Fabric Care	23	%	23	%	23	%	23	%
Home Care	12	%	12	%	12	%	12	%
Baby Care	9	%	9	%	9	%	9	%
Hair Care	9	%	9	%	9	%	9	%
Oral Care	9	%	9	%	8	%	8	%
Family Care	8	%	9	%	8	%	9	%
Grooming	8	%	8	%	8	%	8	%
Personal Health Care	7	%	6	%	7	%	7	%
Feminine Care	6	%	6	%	6	%	6	%
Personal Care	5	%	5	%	6	%	6	%
Skin Care	4	%	4	%	4	%	3	%
Total	100	%	100	%	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 December 31, 2025
	Beauty		Grooming		Health Care		Fabric & Home Care		Baby, Feminine & Family Care		Corporate		Total Company
Net sales	$	4,039	$	1,794	$	3,406	$	7,686	$	5,123	$	160	$	22,208
Cost of products sold	(1,557)		(732)		(1,373)		(4,064)		(2,762)		(346)		(10,834)
Selling, general and administrative expense	(1,490)		(531)		(1,020)		(1,661)		(1,023)		(284)		(6,008)
Other segment items (1)	—		—		(3)		—		—		58		55
Earnings/(loss) before income taxes	992		531		1,009		1,961		1,338		(412)		5,421
Net earnings/(loss)	$	763	$	417	$	770	$	1,521	$	1,020	$	(161)	$	4,331
Other segment information
Depreciation and amortization	$	103	$	78	$	108	$	186	$	207	$	121	$	803
Capital expenditures	$	86	$	128	$	139	$	318	$	361	$	135	$	1,167

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

	Three Months Ended December 31, 2024
	Beauty		Grooming		Health Care		Fabric & Home Care		Baby, Feminine & Family Care		Corporate		Total Company
Net sales	$	3,848	$	1,752	$	3,249	$	7,575	$	5,298	$	159	$	21,882
Cost of products sold	(1,462)		(681)		(1,284)		(3,936)		(2,820)		(235)		(10,418)
Selling, general and administrative expense	(1,390)		(504)		(991)		(1,649)		(1,014)		(175)		(5,723)
Other segment items (1)	—		—		—		(1)		—		104		104
Earnings/(loss) before income taxes	996		568		974		1,989		1,464		(146)		5,845
Net earnings/(loss)	$	780	$	459	$	758	$	1,567	$	1,119	$	(24)	$	4,659
Other segment information
Depreciation and amortization	$	101	$	77	$	101	$	180	$	202	$	46	$	706
Capital expenditures	$	69	$	86	$	135	$	267	$	261	$	107	$	925

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

	Six Months Ended December 31, 2025
	Beauty		Grooming		Health Care		Fabric & Home Care		Baby, Feminine & Family Care		Corporate		Total Company
Net sales	$	8,182	$	3,611	$	6,626	$	15,479	$	10,294	$	402	$	44,594
Cost of products sold	(3,181)		(1,475)		(2,716)		(8,208)		(5,532)		(607)		(21,721)
Selling, general and administrative expense	(2,877)		(1,020)		(1,965)		(3,268)		(1,978)		(544)		(11,651)
Other segment items (1)	—		—		3		—		—		230		233
Earnings/(loss) before income taxes	2,124		1,117		1,947		4,003		2,784		(520)		11,455
Net earnings/(loss)	$	1,643	$	881	$	1,489	$	3,100	$	2,125	$	(125)	$	9,112
Other segment information
Depreciation and amortization	$	205	$	158	$	213	$	371	$	413	$	204	$	1,563
Capital expenditures	$	160	$	260	$	248	$	600	$	635	$	463	$	2,367

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

	Six Months Ended December 31, 2024
	Beauty		Grooming		Health Care		Fabric & Home Care		Baby, Feminine & Family Care		Corporate		Total Company
Net sales	$	7,741	$	3,475	$	6,397	$	15,285	$	10,400	$	322	$	43,619
Cost of products sold	(2,956)		(1,387)		(2,543)		(7,941)		(5,550)		(463)		(20,839)
Selling, general and administrative expense	(2,722)		(999)		(1,926)		(3,277)		(2,003)		(315)		(11,242)
Other segment items (1)	(1)		—		—		—		—		(553)		(554)
Earnings/(loss) before income taxes	2,063		1,090		1,928		4,066		2,847		(1,009)		10,985
Net earnings/(loss)	$	1,620	$	885	$	1,499	$	3,188	$	2,185	$	(731)	$	8,646
Other segment information
Depreciation and amortization	$	200	$	160	$	198	$	358	$	406	$	112	$	1,434
Capital expenditures	$	118	$	181	$	218	$	471	$	459	$	472	$	1,918

(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.