PG · 8-K · 20261022PR000252

Headcount / Restructuring

PROCTER & GAMBLE Co · 2026-10-22 · Importance 46 · Surprise 42 · In source text

P&G said its portfolio and productivity plan is intended to streamline the portfolio and organization, improve its cost structure and enhance competitiveness. The company expects approximately $2 billion of before-tax restructuring costs over two years. More than half of those costs were incurred in fiscal 2026, with the remainder expected in fiscal 2027. Incremental restructuring charges are excluded from core earnings measures and are included in the FY 2027 diluted-EPS bridge as non-core items.

Key facts

• The Company expects to incur approximately $2 billion in before-tax restructuring costs over two years for its portfolio and productivity plan. source
• The Company incurred over half of the $2 billion before-tax restructuring costs under the portfolio and productivity plan in fiscal 2026, with the remainder expected to be incurred in fiscal 2027. source
• Incremental restructuring increased Core EPS by $0.03 in Q1 FY 2027 (three months ended September 30, 2026). source
• The Company historically has had an ongoing level of restructuring activities of approximately $250 to $500 million before tax annually. source

Impact estimates