PG · 10-Q · 2026Q3 · Full report
Headcount / Restructuring
PROCTER & GAMBLE Co · 2026-10-22 · Importance 58 · Surprise 42 · In source text
P&G expects approximately $2.0 billion of before-tax restructuring costs over two years under the portfolio, supply chain, and productivity plan announced in June 2025. The company incurred more than half of those costs in fiscal 2026 and expects the remainder in fiscal 2027. The plan includes reducing up to 7,000 non-manufacturing overhead positions by the end of fiscal 2027 across sector business units, enterprise markets, corporate functions, and Global Business Services. Incremental restructuring charges in the quarter totaled $98 million before tax, including $44 million in cost of products sold and $54 million in SG&A.
Key facts
- The restructuring activities include a plan for a reduction of up to 7,000 non-manufacturing overhead personnel by the end of fiscal 2027. source
- Incremental restructuring charges of $44 million were recorded in cost of products sold and $54 million in selling, general and administrative expense for the three months ended September 30, 2026 (total incremental restructuring adjustments shown in reconciliation). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | The restructuring activities include a plan for a reduction of up to 7,000 non-manufacturing overhead personnel by the end of fiscal 2027. |
| operating_income | positive | probable | — | The restructuring activities include a plan for a reduction of up to 7,000 non-manufacturing overhead personnel by the end of fiscal 2027. |