PG · 10-Q · 2026Q3 · Full report
Focused Portfolio Restructuring
PROCTER & GAMBLE Co · 2026-10-22 · Importance 58 · Surprise 42 · In source text
In June 2025, P&G announced a portfolio and productivity plan expected to generate approximately $2.0 billion in before-tax restructuring costs over two years. The company incurred more than half of these costs in fiscal 2026 and expects the remainder in fiscal 2027. The program 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.
Key facts
- The Company expects to incur approximately $2.0 billion in before-tax restructuring costs over a two-year period under the portfolio and productivity plan announced in June 2025. source
- The Company incurred over half of the restructuring costs under this plan in fiscal 2026, with the remainder expected to be incurred in fiscal 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | -7.3% | The Company expects to incur approximately $2.0 billion in before-tax restructuring costs over a two-year period under the portfolio and… |
| operating_income | negative | committed | — | The Company incurred over half of the restructuring costs under this plan in fiscal 2026, with the remainder expected to be incurred in… |