7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 
      
    		                                      
      cash, cash equivalents and restricted cash, beginning of period
    		9,556,000,000  0 0 9,482,000,000  0 0 8,246,000,000  0 0 7,214,000,000  0 0 10,288,000,000  0 0 16,181,000,000  0 0 4,239,000,000  0 0 2,569,000,000          
      operating activities
    		                                      
      net earnings
    		4,781,000,000 3,626,000,000 3,793,000,000 4,659,000,000 3,987,000,000 3,144,000,000 3,781,000,000 3,493,000,000 4,556,000,000 3,392,000,000 3,424,000,000 3,959,000,000 3,963,000,000 3,058,000,000 3,367,000,000 4,242,000,000 4,126,000,000 2,908,000,000 3,249,000,000 3,887,000,000 4,308,000,000 2,786,000,000 2,957,000,000 3,743,000,000 3,617,000,000 -5,237,000,000 2,776,000,000 3,216,000,000 3,211,000,000 1,890,000,000 2,540,000,000 2,561,000,000 2,870,000,000 2,202,000,000 2,556,000,000 7,896,000,000 2,757,000,000 1,958,000,000 
      depreciation and amortization
    		761,000,000 723,000,000 690,000,000 706,000,000 728,000,000 761,000,000 712,000,000 721,000,000 702,000,000 706,000,000 692,000,000 653,000,000 663,000,000 722,000,000 690,000,000 684,000,000 711,000,000 710,000,000 683,000,000 671,000,000 671,000,000 814,000,000 799,000,000 677,000,000 723,000,000 820,000,000 711,000,000 650,000,000 643,000,000 750,000,000 716,000,000 676,000,000 692,000,000 720,000,000 665,000,000 707,000,000 728,000,000 839,000,000 
      share-based compensation expense
    		121,000,000 112,000,000 123,000,000 136,000,000 105,000,000 129,000,000 158,000,000 150,000,000 125,000,000 139,000,000 156,000,000 145,000,000 105,000,000 130,000,000 130,000,000 152,000,000 116,000,000 142,000,000 144,000,000 165,000,000 89,000,000 233,000,000 123,000,000 92,000,000 110,000,000 216,000,000 118,000,000 79,000,000 102,000,000 146,000,000 92,000,000 73,000,000 84,000,000 154,000,000 93,000,000 60,000,000 44,000,000 119,000,000 
      deferred income taxes
    		53,000,000 -34,000,000 -38,000,000 37,000,000 184,000,000 -38,000,000 -52,000,000 -256,000,000 102,000,000 -93,000,000 38,000,000 -268,000,000 -130,000,000 -143,000,000 -158,000,000 -158,000,000 57,000,000 -91,000,000 -312,000,000 -48,000,000 193,000,000 -8,000,000 -39,000,000 37,000,000 -586,000,000 -387,000,000 -61,000,000 3,000,000 34,000,000 -18,000,000 182,000,000 -2,434,000,000 426,000,000 -219,000,000 66,000,000 -271,000,000 -177,000,000 -387,000,000 
      loss/(gain) on sale of assets
    		-3,000,000 -27,000,000 -5,000,000 -7,000,000 794,000,000             -1,000,000                     
      change in accounts receivable
    		-305,000,000 124,000,000 183,000,000 -128,000,000 -134,000,000                                  
      change in inventories
    		-303,000,000 85,000,000 -239,000,000 18,000,000 -188,000,000                                  
      change in accounts payable
    		648,000,000                                      
      other
    		-344,000,000 -1,871,000,000 83,000,000 103,000,000 32,000,000 479,000,000 144,000,000 138,000,000 208,000,000 201,000,000 139,000,000 162,000,000 62,000,000 142,000,000 34,000,000 9,000,000 44,000,000 36,000,000 -11,000,000 70,000,000 40,000,000 57,000,000 31,000,000 19,000,000 1,000,000 88,000,000 61,000,000 106,000,000 58,000,000 230,000,000 53,000,000 52,000,000 96,000,000 114,000,000 -19,000,000 41,000,000 26,000,000 -3,000,000 
      total operating activities
    		5,408,000,000 4,985,000,000 3,705,000,000 4,825,000,000 4,302,000,000 5,754,000,000 4,088,000,000 5,100,000,000 4,904,000,000 5,341,000,000 3,863,000,000 3,574,000,000 4,070,000,000 3,713,000,000 3,246,000,000 5,121,000,000 4,643,000,000 4,121,000,000 4,087,000,000 5,424,000,000 4,739,000,000 4,806,000,000 4,064,000,000 4,364,000,000 4,169,000,000 4,151,000,000 3,517,000,000 4,007,000,000 3,567,000,000 4,199,000,000 3,353,000,000 3,684,000,000 3,631,000,000 3,688,000,000 3,040,000,000 3,000,000,000 3,025,000,000 4,139,000,000 
      investing activities
    		                                      
      capital expenditures
    		-1,200,000,000 -996,000,000 -859,000,000 -925,000,000 -993,000,000 -783,000,000 -797,000,000 -817,000,000 -925,000,000 -734,000,000 -730,000,000 -708,000,000 -890,000,000 -692,000,000 -747,000,000 -626,000,000 -1,091,000,000 -714,000,000 -656,000,000 -567,000,000 -850,000,000 -658,000,000 -731,000,000 -605,000,000 -1,079,000,000 -814,000,000 -752,000,000 -701,000,000 -1,080,000,000 -907,000,000 -910,000,000 -768,000,000 -1,132,000,000 -1,154,000,000 -801,000,000 -745,000,000 -684,000,000 -1,291,000,000 
      free cash flows
    		4,208,000,000 3,989,000,000 2,846,000,000 3,900,000,000 3,309,000,000 4,971,000,000 3,291,000,000 4,283,000,000 3,979,000,000 4,607,000,000 3,133,000,000 2,866,000,000 3,180,000,000 3,021,000,000 2,499,000,000 4,495,000,000 3,552,000,000 3,407,000,000 3,431,000,000 4,857,000,000 3,889,000,000 4,148,000,000 3,333,000,000 3,759,000,000 3,090,000,000 3,337,000,000 2,765,000,000 3,306,000,000 2,487,000,000 3,292,000,000 2,443,000,000 2,916,000,000 2,499,000,000 2,534,000,000 2,239,000,000 2,255,000,000 2,341,000,000 2,848,000,000 
      proceeds from asset sales
    		8,000,000 43,000,000 17,000,000 2,000,000 45,000,000 269,000,000 69,000,000 5,000,000 3,000,000 37,000,000 1,000,000 3,000,000 5,000,000 11,000,000 2,000,000 12,000,000 85,000,000 2,000,000 1,000,000 18,000,000 21,000,000 2,000,000 13,000,000 9,000,000 6,000,000 372,000,000 4,000,000 9,000,000 9,000,000 23,000,000 45,000,000 81,000,000 120,000,000 160,000,000 131,000,000 97,000,000 183,000,000 318,000,000 
      acquisitions, net of cash acquired
    		-5,000,000 0 -5,000,000 0 -6,000,000 0    -51,000,000 -638,000,000 -74,000,000 -2,000,000 0 -1,032,000,000       0 -4,000,000   -2,000,000 -95,000,000 -3,611,000,000 -237,000,000 -1,000,000 -7,000,000   0 0 -2,000,000 -14,000,000 0 
      other investing activity
    		-338,000,000 -108,000,000 120,000,000 1,000,000 -154,000,000 -4,000,000 -14,000,000 -189,000,000 -300,000,000 -50,000,000 -13,000,000                            
      total investing activities
    		-1,535,000,000 -1,063,000,000 -726,000,000 -921,000,000 -1,108,000,000 -518,000,000 -762,000,000 -1,002,000,000 -1,222,000,000 -798,000,000 -1,380,000,000 -490,000,000 -832,000,000 -682,000,000 -1,776,000,000 -960,000,000 -1,006,000,000 -791,000,000 -665,000,000 -549,000,000 -829,000,000 -659,000,000 -725,000,000 -650,000,000 5,079,000,000 647,000,000 573,000,000 -3,845,000,000 -865,000,000 97,000,000 97,000,000 -1,171,000,000 -2,534,000,000 -1,866,000,000 -1,802,000,000 100,000,000 -2,121,000,000 -1,192,000,000 
      financing activities
    		                                      
      dividends to shareholders
    		-2,549,000,000 -2,553,000,000 -2,433,000,000 -2,441,000,000 -2,445,000,000 -2,449,000,000 -2,285,000,000 -2,288,000,000 -2,290,000,000 -2,289,000,000 -2,224,000,000 -2,231,000,000 -2,255,000,000 -2,262,000,000 -2,155,000,000 -2,171,000,000 -2,182,000,000 -2,197,000,000 -2,011,000,000 -2,025,000,000 -2,030,000,000 -2,028,000,000 -1,906,000,000 -1,923,000,000 -1,932,000,000 -1,937,000,000 -1,858,000,000 -1,850,000,000 -1,853,000,000 -1,861,000,000 -1,813,000,000 -1,813,000,000 -1,823,000,000 -1,826,000,000 -1,773,000,000 -1,786,000,000 -1,851,000,000 -1,847,000,000 
      additions to short-term debt with original maturities of more than three months
    		1,123,000,000 2,115,000,000 0 1,815,000,000 4,090,000,000 567,000,000 163,000,000 619,000,000 2,179,000,000 3,390,000,000 3,331,000,000 7,472,000,000 2,975,000,000 265,000,000                         
      reductions in short-term debt with original maturities of more than three months
    		-1,800,000,000 -2,731,000,000 -3,210,000,000 0 -571,000,000 -166,000,000 -1,661,000,000 -3,956,000,000 -1,906,000,000 -3,897,000,000 -5,874,000,000 -2,995,000,000 -265,000,000 -3,315,000,000 -6,433,000,000                        
      net additions/(reductions) to other short-term debt
    		2,108,000,000 -595,000,000 2,162,000,000 -2,261,000,000 -444,000,000 -1,474,000,000 -1,409,000,000                                
      reductions in long-term debt
    		-3,000,000 -499,000,000 0 -1,408,000,000 -70,000,000 0 0 -1,331,000,000 -1,004,000,000 -1,000,000 0 0 -1,877,000,000                          
      treasury stock purchases
    		-1,250,000,000 -700,000,000 -1,351,000,000 -2,510,000,000 -1,939,000,000 -1,516,000,000 -987,000,000 -1,003,000,000 -1,500,000,000 0 -1,351,000,000 -2,002,000,000 -4,000,000,000 -1,250,000,000 -1,249,000,000 -4,754,000,000 -2,750,000,000 -3,000,000,000 -3,001,000,000 -3,008,000,000 -2,000,000,000 0 -901,000,000 -3,504,000,000 -3,000,000,000 -1,750,000,000 -1,250,000,000 -751,000,000 -1,252,000,000 -1,370,000,000 -1,381,000,000 -1,751,000,000 -2,502,000,000 -700,000,000 -2,001,000,000 -1,501,000,000 -1,002,000,000 -500,000,000 
      impact of stock options and other
    		134,000,000 106,000,000 616,000,000 240,000,000 745,000,000 940,000,000 568,000,000 85,000,000 312,000,000 408,000,000 424,000,000 249,000,000 188,000,000 205,000,000 585,000,000 567,000,000 648,000,000 174,000,000 369,000,000 208,000,000 893,000,000 217,000,000 701,000,000 185,000,000 875,000,000 734,000,000 1,104,000,000 1,061,000,000 425,000,000 19,000,000 460,000,000 118,000,000 580,000,000 75,000,000 1,324,000,000 137,000,000 937,000,000 648,000,000 
      total financing activities
    		-2,239,000,000 -3,616,000,000 -4,215,000,000 -5,571,000,000 -634,000,000 -2,499,000,000 -4,269,000,000 -6,049,000,000 -2,038,000,000 -3,893,000,000 -1,753,000,000 -2,993,000,000 -3,507,000,000 -4,158,000,000 -4,432,000,000 -2,858,000,000 -3,428,000,000 -3,085,000,000 -5,275,000,000 -6,441,000,000 -6,730,000,000 -3,399,000,000 5,945,000,000 -6,795,000,000 -4,118,000,000 -3,304,000,000 -5,066,000,000 1,032,000,000 -2,656,000,000 -6,861,000,000 -5,638,000,000 -152,000,000 -1,724,000,000 -2,229,000,000 -1,600,000,000 -4,232,000,000 -507,000,000 -3,655,000,000 
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		-20,000,000 134,000,000 122,000,000 -260,000,000 116,000,000 -83,000,000 -119,000,000 107,000,000 -156,000,000 0 12,000,000 53,000,000 -235,000,000 -185,000,000 -56,000,000 -129,000,000 -127,000,000 36,000,000 -81,000,000 115,000,000 31,000,000 40,000,000 -170,000,000 56,000,000 -65,000,000 7,000,000 18,000,000 -43,000,000 -70,000,000          
      change in cash, cash equivalents and restricted cash
    		1,615,000,000 440,000,000 -1,113,000,000 -1,927,000,000 2,675,000,000 2,653,000,000 -1,062,000,000 -1,843,000,000 1,487,000,000 650,000,000 742,000,000 144,000,000 -504,000,000 -1,312,000,000 -3,018,000,000 1,174,000,000 82,000,000 281,000,000 -1,934,000,000 -1,451,000,000 -2,789,000,000 788,000,000 9,114,000,000 -3,025,000,000 5,065,000,000 1,501,000,000 -958,000,000 1,151,000,000 -24,000,000          
      cash, cash equivalents and restricted cash, end of period
    		11,171,000,000  -1,114,000,000 -1,926,000,000 12,156,000,000  -1,062,000,000 -1,843,000,000 9,733,000,000  742,000,000 144,000,000 6,710,000,000  -3,018,000,000 1,174,000,000 10,370,000,000  -1,934,000,000 -1,451,000,000 13,392,000,000  9,114,000,000 -3,025,000,000 9,304,000,000  -958,000,000 1,151,000,000 2,545,000,000          
      cash, cash equivalents and restricted cash, beginning of year
    		                                      
      indefinite-lived intangible asset impairment charge
    		     0 0                                
      additions to long-term debt
    		 1,242,000,000 0   1,599,000,000 1,344,000,000   1,428,000,000    0 2,249,000,000   1,988,000,000 0   0    -1,000,000 0   0 0 2,948,000,000 2,124,000,000 962,000,000 0 1,750,000,000 891,000,000 0 
      cash, cash equivalents and restricted cash, end of year
    		                                      
      supplemental disclosure
    		                                      
      cash payments for interest
    		                                      
      cash payments for income taxes
    		                                      
      change in accounts payable and accrued and other liabilities
    		  -509,000,000 -509,000,000 -648,000,000                                  
      change in other operating assets and liabilities
    		  -377,000,000 -190,000,000 -558,000,000                                  
      gain on sale of assets
    		      -48,000,000 0 -3,000,000  -1,000,000 -2,000,000 -1,000,000  -2,000,000 -9,000,000 -73,000,000   -2,000,000 -12,000,000  24,000,000 -11,000,000 -2,000,000 -308,000,000 0 -9,000,000 -361,000,000 11,000,000 -29,000,000 -77,000,000 -81,000,000      
      changes in:
    		                                      
      accounts receivable
    		      147,000,000 -9,000,000 -830,000,000  353,000,000 86,000,000 -740,000,000  -272,000,000 368,000,000 -1,012,000,000  -142,000,000 363,000,000 -825,000,000  392,000,000 4,000,000 -261,000,000  -151,000,000 77,000,000 -475,000,000  97,000,000 -243,000,000 -304,000,000  436,000,000 -171,000,000 -424,000,000  
      inventories
    		      -15,000,000 110,000,000 -142,000,000  152,000,000 238,000,000 -893,000,000  -412,000,000 -431,000,000 -409,000,000  -182,000,000 -80,000,000 -137,000,000  0 16,000,000 -549,000,000  -70,000,000 -37,000,000 -494,000,000  0 -100,000,000 -357,000,000  102,000,000 40,000,000 -287,000,000  
      accounts payable and accrued and other liabilities
    		      -246,000,000 -555,000,000 857,000,000                              
      other operating assets and liabilities
    		      -492,000,000 -33,000,000 -671,000,000  -304,000,000 -81,000,000 -454,000,000  -47,000,000 94,000,000 -178,000,000  -78,000,000 16,000,000 -30,000,000  -3,000,000 -20,000,000 -35,000,000  -167,000,000 -286,000,000 -84,000,000  -193,000,000 2,554,000,000 -30,000,000  67,000,000 17,000,000 135,000,000  
      net additions to other short-term debt
    		        2,172,000,000    1,727,000,000                          
      loss on early extinguishment of debt
    		                 0 0               0 0    
      accounts payable, accrued and other liabilities
    		          -786,000,000 -1,318,000,000 1,495,000,000  -84,000,000 170,000,000 1,261,000,000  737,000,000 -130,000,000 442,000,000  -220,000,000 -193,000,000 1,151,000,000  300,000,000 208,000,000 933,000,000  -105,000,000 622,000,000 235,000,000  -817,000,000 -594,000,000 298,000,000  
      net reductions to other short-term debt
    		          1,372,000,000                            
      proceeds from sales and maturities of short-term investments
    		            55,000,000             1,093,000,000 1,418,000,000 468,000,000 649,000,000 1,138,000,000 1,147,000,000 1,255,000,000 388,000,000 654,000,000     
      change in accounts payable, accrued and other liabilities
    		                                      
      purchases of investment securities
    		                                      
      proceeds from sales and maturities of investment securities
    		                     0 0 0 6,151,000,000              
      change in other investments
    		             -1,000,000 1,000,000       -3,000,000 -3,000,000 0 1,000,000 -3,000,000 -1,000,000 -10,000,000 -48,000,000 -17,000,000 -6,000,000 18,000,000 32,000,000 -52,000,000 18,000,000 4,000,000 4,000,000  
      additions/(reductions) in other short-term debt
    		                                      
      reductions of long-term debt
    		                         33,000,000 -24,000,000   -1,471,000,000 -121,000,000 -1,130,000,000 -151,000,000 89,000,000 9,000,000 -4,028,000,000 -1,001,000,000 -3,000,000 
      reductions in other short-term debt
    		                                      
      reductions to long-term debt
    		              -1,103,000,000 -1,647,000,000 -26,000,000  -669,000,000 -4,195,000,000 -25,000,000  12,000,000                
      increases in short-term debt with original maturities of more than three months
    		                                      
      increases/(reductions) in other short-term debt
    		               -1,636,000,000 512,000,000                      
      increases in short-term debt maturing in more than three months
    		                1,792,000,000                      
      reductions in short-term debt maturing in more than three months
    		                -1,422,000,000                      
      goodwill and indefinite-lived intangible impairment charges
    		                                      
      increases/(reductions) in short-term debt
    		                 48,000,000    -675,000,000                 
      purchases of investments securities
    		                                      
      reductions in short-term debt
    		                   150,000,000 -3,568,000,000                  
      purchases of short-term investments
    		                         1,000,000 -1,000,000 0 -158,000,000 -139,000,000 -172,000,000 -1,656,000,000 -1,942,000,000 -1,474,000,000 -1,630,000,000 -1,108,000,000 -631,000,000 -443,000,000 
      cash payment for income taxes
    		                                      
      assets acquired through non-cash finance leases are immaterial for all periods.
    		                                      
      (reductions)/increases in short-term debt
    		                                      
      change in short-term debt
    		                        -61,000,000 -383,000,000 -3,038,000,000 1,182,000,000 24,000,000 -2,178,000,000 -2,783,000,000 1,476,000,000 48,000,000 -829,000,000 841,000,000 1,196,000,000 1,519,000,000 -1,953,000,000 
      cash transferred at closing related to the beauty brands divestiture
    		                                 0 0    
      divestiture of beauty business in exchange for shares of p&g stock and assumption of debt
    		                                      
      assets acquired through non-cash capital leases are immaterial for all periods.
    		                                      
      cash and cash equivalents, beginning of year
    		                                      
      goodwill and intangible asset impairment charges
    		                                     0 
      pre-divestiture addition of restricted cash related to the beauty brands divestiture
    		                                 0 0    
      release of restricted cash upon closing of the beauty brands divestiture
    		                                 0 0    
      cash transferred in batteries divestiture
    		                                     0 
      treasury stock from cash infused in batteries divestiture
    		                                      
      effect of exchange rate changes on cash and cash equivalents
    		                             -192,000,000 82,000,000 47,000,000 82,000,000 159,000,000 128,000,000 -273,000,000 -43,000,000 -85,000,000 
      change in cash and cash equivalents
    		                             -2,757,000,000 -2,106,000,000 2,408,000,000 -545,000,000 -248,000,000 -234,000,000 -1,405,000,000 354,000,000 -793,000,000 
      cash and cash equivalents, end of year
    		                                      
      divestiture of batteries business in exchange for shares of p&g stock
    		                                      
      cash and cash equivalents, beginning of period
    		                              0 0 5,569,000,000  0 0 7,102,000,000  
      cash and cash equivalents, end of period
    		                              -2,106,000,000 2,408,000,000 5,024,000,000  -234,000,000 -1,405,000,000 7,456,000,000  
      cash transferred related to the beauty brands divestiture
    		                                      
      restricted cash related to the beauty brands business
    		                                      
      venezuela deconsolidation charge
    		                                      
      cash related to deconsolidated venezuela operations
    		                                      
      shares exchanged in batteries divestiture
    		                                      
      gain on sale of businesses
    		                                   -5,268,000,000 -75,000,000  
      proceeds from sales of short-term investments
    		                                   111,000,000 243,000,000 132,000,000 
      cash transferred to discontinued beauty brands business
    		                                    -348,000,000  
      restricted cash related to beauty brands divestiture
    		                                    -874,000,000 -1,000,000 
      cash payments for:
    		                                      
      interest
    		                                      
      income taxes
    		                                      
      loss/(gain) on sale of businesses
    		                                      
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.