The financial statements of P&G are presented in Appendix B. The company's complete annual report, including the notes to the financial statements, is available online.

Instructions

Refer to P&G's financial statements and the accompanying notes to answer the following questions.

a. What investments does P&G report in 2017, and how are these investments accounted for in its financial statements?

b. How are P&G's investments valued? How does P&G determine fair value?

c. How does P&G use derivative financial instruments?

Financial Statements: https://www.annualreports.com/HostedData/AnnualReportArchive/p/NYSE_PG_2017.pdf