PG · 10-K · 2026A · Full report

Glad Joint Venture Dissolution

PROCTER & GAMBLE Co · 2026-08-04 · Importance 24 · Surprise 42 · Matches filing data

The Glad joint venture agreement between P&G and The Clorox Company expired in January 2026. Clorox purchased P&G’s minority interest at fair market value for $476 million. P&G recorded a $261 million after-tax gain from the dissolution of the Glad joint venture business. The gain contributed to a $922 million increase in other non-operating income and supported fiscal 2026 net earnings.

Key facts

• The Glad joint venture agreement expired in January 2026 and Clorox purchased the Company’s minority interest for $476 million, with P&G recording an after-tax gain of $261 million. source
• In January 2026, the Glad joint venture agreement between the Company and The Clorox Company expired and Clorox purchased the Company’s minority interest at fair market value for $476 million. source
• The Company recorded a $261 million after-tax gain from the dissolution of the Glad joint venture business in fiscal 2026 and adjusted net earnings excluding that gain to calculate Core metrics. source
• The transaction for Glad was accounted for as a dissolution and the Company recorded an after-tax gain of $261 million. source

Impact estimates