PG · 10-K · 2026A · Full report

Portfolio Restructuring — Argentina

PROCTER & GAMBLE Co · 2026-08-04 · Importance 34 · Surprise 42

P&G completed a limited-market portfolio restructuring during the period ended September 30, 2024, primarily affecting Argentina and Nigeria because of challenging macroeconomic and fiscal conditions. The Company substantially liquidated its Argentina operations and recorded $801 million of incremental after-tax restructuring charges, primarily non-cash accumulated foreign-currency translation losses. Total incremental after-tax charges from the program reached $1.2 billion.

Key facts

• The total incremental restructuring charges incurred under the program beginning in the three-month period ended December 31, 2023, through the three-month period ended September 30, 2024, were $1.2 billion after tax. source
• During the period ended September 30, 2024, the Company completed the limited market portfolio restructuring with the substantial liquidation of its operations in Argentina and recorded incremental restructuring charges of $801 million after tax. source