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

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

		% Change		% Change
Report Date	06/30/2019	2018 - 2019	06/30/2018	2017 - 2018	06/30/2017	06/30/2017
Net sales	$67,684	1.3%	$66,832	2.7%	$65,058	100.0%
Cost of products sold	34,768	1.5%	34,268	5.3%	32,535	50.0%
Gross profit	$32,916	1.1%	$32,564	0.1%	$32,523	50.0%
Selling, general & administrative expense	19,084	1.2%	18,853	1.5%	18,568	28.5%
Goodwill & indefinite lived intangible asset impairment charges	8,345		0.00		0.00	0.0%
Operating income	$5,487	-60.0%	$13,711	-1.7%	$13,955	21.5%
Interest expense	509	0.6%	506	8.8%	465	0.7%
Interest income	220	-10.9%	247	44.4%	171	0.3%
Other non-operating income (expense), net	871		-126		-404	-0.6%
Earnings from continuing operations before income taxes	$6,069	-54.5%	$13,326	0.5%	$13,257	20.4%
Income taxes expense on continuing operations	2,103	-39.3%	3,465	13.1%	3,063	4.7%
Net earnings from continuing operations	$3,966	-59.8%	$9,861	-3.3%	$10,194	15.7%
Net earnings (loss) from discontinued operations	0.00		0.00		5,217	8.0%
Net income (loss)	$3,966	-59.8%	$9,861	-36.0%	$15,411	-23.7%
Less: net earnings attributable to noncontrolling interests	-69	-37.8%	-111	30.6%	-85	-0.1%
Net earnings attributable to Procter & Gamble Co.	$3,897	-60.0%	$9,750	-36.4%	$15,326	23.6%

briefly summarize your observations about changes, i.e. financial trends, in the following Income Statement line items for the Horizontal Analysis over the 3 year trend:

1. Net sales,
2. Operating income, and
3. Net earnings attributable to Procter and Gamble