PG · 8-K · 20260729PR000097

Incremental Restructuring Program

PROCTER & GAMBLE Co · 2026-07-29 · Importance 40 · Surprise 42

P&G said its portfolio and productivity plan, announced in June 2025, is intended to streamline the portfolio and organization and improve cost structure and competitiveness. The company incurred more than half of the plan’s costs in fiscal 2026, with the remainder expected in fiscal 2027. P&G’s normal recurring restructuring activity is approximately $250 million to $500 million before tax, while incremental charges above that level are excluded from core earnings.

Key facts

• In June 2025 the Company announced a portfolio and productivity plan; the Company incurred over half of the costs under this plan in fiscal 2026, with the remainder expected to be incurred in fiscal 2027 source
• The Company historically has an ongoing level of restructuring activities of approximately $250 - $500 million before tax source