PG · 8-K · 20260729PR000097
Glad Joint Venture Dissolution
PROCTER & GAMBLE Co · 2026-07-29 · Importance 30 · Surprise 42 · In source text
The Glad joint venture agreement between P&G and Clorox expired in January 2026. Clorox purchased P&G’s minority interest at fair market value for $476 million. P&G recorded an after-tax gain of $261 million from the dissolution. The gain reduced the FY 2026 diluted EPS-to-core EPS reconciliation by $0.11.
Key facts
- In January 2026 Clorox purchased P&G's minority interest in the Glad joint venture at fair market value for $476 million source
- P&G recorded an after-tax gain of $261 million from the dissolution of the Glad joint venture source
- The Glad joint venture dissolution after-tax gain of $261 million is included in adjustments to net earnings for fiscal 2026 source
- The Glad joint venture gain is shown as (0.11) in the Core EPS reconciling items for 2026 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +1.2% | P&G recorded an after-tax gain of $261 million from the dissolution of the Glad joint venture |
| cash | positive | realized | +0.4% | In January 2026 Clorox purchased P&G's minority interest in the Glad joint venture at fair market value for $476 million |