Income Statement for Fiscal Years Endings (in Millions, except per share amounts)

Report Date	06/30/2019	06/30/2018	06/30/2017
Net sales	$67,684	$66,832	$65,058
Cost of products sold	34,768	34,268	32,535
Gross profit	$32,916	$32,564	$32,523
Selling, general & administrative expense	19,084	18,853	18,568
Goodwill & indefinite lived intangible asset impairment charges	8,345	0.00	0.00
Operating income	$5,487	$13,711	$13,955
Interest expense	509	506	465
Interest income	220	247	171
Other non-operating income (expense), net	871	-126	-404
Earnings from continuing operations before income taxes	$6,069	$13,326	$13,257
Income taxes expense on continuing operations	2,103	3,465	3,063
Net earnings from continuing operations	$3,966	$9,861	$10,194
Net earnings (loss) from discontinued operations	0.00	0.00	5,217
Net income (loss)	$3,966	$9,861	$15,411
Less: net earnings attributable to noncontrolling interests	-69	-111	-85
Net earnings attributable to Procter & Gamble Co.	$3,897	$9,750	$15,326
	Earning per share information:
Earnings (loss) per share from continuing operations - basic	$1.45	$3.75	$3.79
Earnings (loss) per share from discontinued operations - basic	0.00	0.00	2.01
Net earnings (loss) per share - basic	$1.45	$3.75	$5.80
Earnings (loss) per share from continuing operations - diluted	$1.43	$3.67	$3.69
Earnings (loss) per share from discontinued operations - diluted	0.00	0.00	1.90
Net earnings (loss) per share - diluted	$1.43	$3.67	$5.59
	Other Key Metrics
Dividends per common share	$2.90	$2.79	$2.70
Total number of employees	97,000	92,000	95,000

Vertical Analysis for Fiscal Years Endings (in Millions, except per share amounts)

	For Fiscal Years Ending			Percentages of Annual Revenue
Report Date	06/30/2019	06/30/2018	06/30/2017	06/30/2019	06/30/2018	06/30/2017
Net sales	$67,684	$66,832	$65,058	100.00%	100.00%	100.00%
Cost of products sold	34,768	34,268	32,535	51.37%	51.27%	50.01%
Gross profit	$32,916	$32,564	$32,523	48.63%	48.73%	49.99%
Selling, general & administrative expense	19,084	18,853	18,568	28.20%	28.21%	28.54%
Goodwill & indefinite lived intangible asset impairment charges	8,345	0.00	0.00	12.33%	0.00%	0.00%
Operating income	$5,487	$13,711	$13,955	8.11%	20.52%	21.45%
Interest expense	509	506	465	0.75%	0.76%	0.71%
Interest income	220	247	171	0.33%	0.37%	0.26%
Other non-operating income (expense), net	871	-126	-404	1.29%	-0.19%	-0.62%
Earnings from continuing operations before income taxes	$6,069	$13,326	$13,257	8.97%	19.94%	20.38%
Income taxes expense on continuing operations	2,103	3,465	3,063	3.11%	5.18%	4.71%
Net earnings from continuing operations	$3,966	$9,861	$10,194	5.86%	14.75%	15.67%
Net earnings (loss) from discontinued operations	0.00	0.00	5,217	0.00%	0.00%	8.02%
Net income (loss)	$3,966	$9,861	$15,411	5.86%	14.75%	23.69%
Less: net earnings attributable to noncontrolling interests	-69	-111	-85	-0.10%	-0.17%	-0.13%
Net earnings attributable to Procter & Gamble Co.	$3,897	$9,750	$15,326	5.76%	14.59%	23.56%

briefly summarize your observations about changes, i.e. financial trends, in the following Income Statement line items for the Vertical Analysis:

1. Net sales,
2. Operating income, and
3. Net earnings attributable to the company