PG · 8-K · 20261022PR000252

Glad Joint Venture Dissolution

PROCTER & GAMBLE Co · 2026-10-22 · Importance 24 · Surprise 42

The Glad joint venture agreement between P&G and Clorox expired in January 2026. Under the agreement, Clorox purchased P&G's minority interest at fair market value for $476 million. P&G accounted for the transaction as a dissolution of the Glad joint venture business and recorded a $261 million after-tax gain. Management excludes the gain from core earnings because it is not considered part of sustainable results.

Key facts

• In January 2026, the Glad joint venture agreement between the Company and Clorox expired and Clorox purchased the Company’s minority interest for $476 million. source
• The Glad transaction was accounted for as a dissolution of the Glad joint venture business and the Company recorded an after-tax gain of $261 million. source