The 2015 annual report of The Procter & Gamble Company (P&G is available at www.pginvestor.com. After reviewing P&G’s annual report, respond to the following questions:

P&G’s consolidated balance sheet reveals that the company has \($47.316\) (\($53.704)\) billion in goodwill as of June 30, 2015 (2014). What percentage of total assets does goodwill represent in 2015 and 2014? Does P&G amortize its goodwill? If so, over what period? If not, why not? Did P&G recognize an impairment in its goodwill in either 2015 or 2014?