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Consolidated Statements of Earnings Amounts in millions raceof per share amounts: Years ended June 30 2021 2020 NET SALES $ 80.187 $ 76.118 $ 70.950

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Consolidated Statements of Earnings Amounts in millions raceof per share amounts: Years ended June 30 2021 2020 NET SALES $ 80.187 $ 76.118 $ 70.950 Cost of products sold 42.157 37,108 35,250 Selling, general and administrative expense 20.217 21.024 19.994 OPERATING INCOME 17.813 17.986 15.706 Interest expense (439) (502) (465) Interest income 51 45 155 Other non-operating income, net 570 86 438 EARNINGS BEFORE INCOME TAXES 17.995 17,615 15.834 Income taxes 3.202 3,263 2.731 NET EARNINGS 14.793 14,352 13,103 Less: Net carings attributable to noncontrolling interests 51 46 76 NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE $ 14.742 $ 14.306 $ 13.027 NET EARNINGS PER COMMON SHARE: () Basic 6.00 $ 5.69 $ 5.13 Diluted S 5.81 5 5.50 $ 4.96 Basic net earnings per common share and Diluted net earnings per common share are calculated on Net camings attributable to Procter & Gamble.Consolidated Statements of Comprehensive Income Amounts in millions: Years ended Jane 30 2022 20121 2020 NET EARNINGS $ 14.793 $ 14,352 $ 13,103 OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX Foreign currency translation (net of tax of $515, S(266) and $59, respectively) (1,450) 1,023 (1,083) Unrealized gains/(losses) on investment securities (net of tax of $1, $5 and $(1). respectively) 5 16 (12) Unrealized gains/(losses) on defined benefit postretirement plans (net of tax of $1,022, $445 and $(42), respectively) 2.992 1.386 (150) TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX 1.547 2.425 (1,245) TOTAL COMPREHENSIVE INCOME 16.340 16.777 11,858 Less: Comprehensive income attributable to noncontrolling interests 43 50 60 TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 5 16.297 $ 16,727 $ 11,798Amounts in millions europe stated values As of June 20 2022 2021 Ascris CURRENT ASSETS Cash and cash equivalents $ 7,214 $ 10,288 Accounts receivable 5.143 4,725 INVENTORIES Materials and supplies 2,168 1.645 Work in process 856 719 Finished goods 3,900 3,619 Total inventories 6.924 5,983 Prepaid expenses and other current assets 2.372 2.095 TOTAL CURRENT ASSETS 21.653 23.091 PROPERTY, PLANT AND EQUIPMENT, NET 21,195 21.686 GOODWILL 39,700 40.924 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 23.679 23.642 OTHER NONCURRENT ASSETS 10,981 9.964 TOTAL ASSETS $ 117.208 $ 119.307 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable $ 14,882 $ 13,720 Accrued and other liabilities 9.554 10.523 Debt due within one year 8.645 8.889 TOTAL CURRENT LIABILITIES 33,081 33.132 LONG-TERM DEBT 22,848 23,099 DEFERRED INCOME TAXES 6.809 6.153 OTHER NONCURRENT LIABILITIES 7.616 10.269 TOTAL LIABILITIES 70 354 72.653 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 843 870 Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10.000 shares authorized; shares issued: 2022 - 4,009.2, 2021 - 4,009.2) 4.009 4.009 Additional paid-in capital 65.795 64.848 Reserve for ESOP debt retirement (916) (1,006) Accumulated other comprehensive loss (12,189) (13.744) Treasury stock, at cost (shares held: 2022 - 1,615.4, 2021 - 1.579.5) (123.382) (114,973) Retained earnings 112.429 106.374 Noncontrolling interest 265 276 TOTAL SHAREHOLDERS' EQUITY 46.854 46.654 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 117.208 $ 119.307Consolidated Statements of Shareholders' Equity Accumulated Other Reserve Comp Total Dollars in millions recept per Common Stock Additional for E301 rchensive Non- Share- share amounts Preferred Paid-Ia Tremary Retained controlling holders" shares in thousands Shares Amount Stock Capital Krtimemm (Lows) Stock Equity BALANCE JUNE 30, 2019 2,504,751 54.009 5928 563,827 (51.146) (514,936) ($100,406) 594,918 5385 547.579 Not caring 13,027 76 13,103 Other comprehensive (1,229) (16) (1,245) income (loss) Dividends and dividend equivalents ($3.0284 per share): Common (7.351) (7.531) Preferred 263) (263) Treasury stock purchases (61.346 (7,405) (7,405) Employee stock plans 32.603 362 2.212 2.574 Preferred stock conversions 3.738 26 ESOP debt impacts 103 174 Noncontrolling interest, net (88) (88) BALANCE JUNE 30, 2020 2.479.746 54,009 3897 564.194 ($1.080) (516.165) ($105.573)5100.239 $357 546.878 Net camings 14,306 46 14,352 Other comprehensive 2,421 2,425 income (loss) Dividends and dividend equivalents ($3.2419 per share Common (8,020) (8,020) Preferred (271) (271) Treasury stock purchases (81.343 (1 1 009) (1 1.009) Employee stock plans 28,001 650 1,586 2.236 Preferred stock conversions 3,302 (27) 4 23 ESOP debt impacts 74 120 194 Noncontrolling interest, net (131) (131) BALANCE JUNE 30, 2021 2,429,706 $4,009 $870 564,848 ($1,006) (513,744) ($114,973)$106,374 $276 546.654 Net camings 14,742 51 14,793 Other comprehensive 1.555 (8) 1.547 income (loss) Dividends and dividend equivalents ($3.5227 per share Common (8,514) (8,514) Preferred (281) (281) Treasury stock purchases (67.088 (10.003) (10.003) Employee stock plans 28,042 945 1.571 2,516 Preferred stock conversions 3,217 (27) 23 ESOP debt impacts 90 108 198 Noncontrolling interest, net (2) (50) (56) BALANCE JUNE 30, 2022 2,393,877 54,009 5843 565,795 (5916) (512,189) ($123,382)5112,429 $265 546,854The Procter & Gamble Company 41 Consolidated Statements of Cash Flows Amounts in millions: Years ended June 30 2022 2021 2020 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR $ 10,288 $ 16,181 4.239 OPERATING ACTIVITIES Net earnings 14,793 14,352 13,103 Depreciation and amortization 2,807 2,735 3,013 Loss on early extinguishment of debt $12 Share-based compensation expense 528 540 558 Deferred income taxes (402) (258 (596) Loss/(gain) on sale of assets (85) (16) 7 Change in accounts receivable (694) (342) 634 Change in inventories (1,247) (309 (637) Change in accounts payable, accrued and other liabilities 1.429 1,39 1.923 Change in other operating assets and liabilities (635) (369) (710) Other 229 135 108 TOTAL OPERATING ACTIVITIES 16,723 18,371 17.403 INVESTING ACTIVITIES Capital expenditures (3,156) (2,787) (3.073) Proceeds from asset sales 110 42 30 Acquisitions, net of cash acquired (1,381) (34) (58) Purchases of investment securities (55) Proceeds from sales and maturities of investment securities 6,151 Change in other investments (5) TOTAL INVESTING ACTIVITIES (4.424) (2,834) 3.045 FINANCING ACTIVITIES Dividends to shareholders (8,770) (8,263) (7,789) Additions to short-term debt with original maturities of more than three months 10,411 7,675 14,371 Reductions in short-term debt with original maturities of more than three months (11,478) (7.577) (12,984) Additions/(reductions) in other short-term debt 917 (3,431) 958 Additions to long-term debt 4.385 4,417 4,951 Reductions of long-term debt (!) (2,343) (4,987) (2.447) Treasury stock purchases (10,003) (1 1,009) (7,405) Impact of stock options and other 2,005 1,644 1,978 TOTAL FINANCING ACTIVITIES (14,876) (21.531) (8.367) EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (497) 101 (139) CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (3.074) (5,893) 11,942 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 7,214 $ 10,288 $ 16,181 SUPPLEMENTAL DISCLOSURE Cash payments for interest S 451 S 531 S 434 Cash payments for income taxes 3.818 3,822 3.550 Includes carly extinguishment of debt costs of $512 in 2021

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