The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Refer to P&Gs financial statements and accompanying notes to answer the following questions.

(a)

Under P&Gs stock-based compensation plan, stock options are granted annually to key managers and directors. (1) How many options were granted during 2017 under the plan?

Options granted during 2017

(2) How many options were exercisable at June 30, 2017?

Options exerciseable at June 30, 2017

(3) How many options were exercised in 2017, and what was the average price of those exercised? (Round average price to 2 decimal places, e.g. 15.25.)

Options exercised in 2017
Average price		$

(4) What is the total stock-based compensation expense for stock options and the total compensation expense for restricted stock, restricted stock units (RSUs), and performance stock units (PSUs) for 2017, 2016, and 2015?

		2017		2016		2015
Total stock-based compensation expense		$		$		$
Total compensation expense		$		$		$

(5) To what accounts are the proceeds from these option exercises credited?

Option exercises credited

Bonds PayableCommon Stock and Additional Paid-in CapitalPaid-in-capital in Excess of ParCommon StockDiscount on Bonds PayableCash

(6) What was the number of outstanding options at June 30, 2017, and at what average exercise price? (Round average price to 2 decimal places, e.g. 15.25.)

Number of outstanding options
Average exercise price		$

Appendix B Specimen Financial Statements: The Procter & Gamble Company Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate officers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the corporation's accounting system. The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, etc.), the following are the traditional financial portions of the annual report: Financial Highlights Letter to the Stockholders Management's Discussion and Analysis Financial Statements Notes to the Financial Statements Management's Responsibility for Financial Reporting Management's Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm Selected Financial Data The official SEC filing of the annual report is called a Form 10-K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present The Procter & Gamble Company (P&G)'s financial statements taken from the company's 2017 Form 10-K. Consolidated Statements of Earnings 2017 2016 2015 Amounts in millions except per share amounts; Years ended June 30 08 $65 200 $70.79 waps SO Intermediate Accounting 17e2Febook%2Fepub%2F 5 Think About It Disc A 2017 $ 65,058 2016 $ 65,299 32,909 18.949 2015 $ 70.749 32.535 18,568 YouTube N Netflix O Catholic Charities o Amounts in millions except per share amounts; Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation charge OPERATING INCOME Interest expense Interest income Other non-operating income/expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE BASIC NET EARNINGS PER COMMON SHARE:0 Earnings from continuing operations Earnings/(loss) from discontinued operations BASIC NET EARNINGS PER COMMON SHARE DILUTED NET EARNINGS PER COMMON SHARE:(1) Earnings from continuing operations Earnings/(loss) from discontinued operations O Type here to search 13,955 465 171 (404) 13,257 3,063 10,194 5,217 15,411 85 $ 15,326 13.441 579 182 325 13.369 3.342 10,027 577 10.604 96 $10.508 37,056 20.616 2,028 11.049 626 149 440 11,012 2.725 8.287 (1.143) 7.144 108 $ 7,036 $ 3.79 $ $ 2.01 3-59 0.21 3.80 2.92 (0.42) 2.50 $ 5.80 $ $ $ $ 3-49 $ 3.69 1.90 0.20 - 2.84 (0.40) S:40 PM @ 65% 1.90 0.20 (0.40) 5.59 $ Earnings/(loss) from discontinued operations DILUTED NET EARNINGS PER COMMON SHARE DIVIDENDS PER COMMON SHARE 2.70 (1) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. 3.69 $ 2.44 $ $ 2.66 $ 2.59 2016 2015 2017 $ 15,411 $ 10,604 $ 7,144 (1,679) 1 Consolidated Statements of Comprehensive Income Amounts in millions; Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX Financial statement translation Unrealized gains/(losses) on hedges (net of $(186), $5 and $739 tax, respectively) Unrealized gains/(losses) on investment securities (net of $(6), $7 and $o tax, respectively) Unrealized gains/(losses) on defined benefit retirement plans (net of $551, $(621) and $328 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 28 239 (306) (59) 1,401 1,275 16,686 85 $ 16,601 (7,220) 1,234 24 844 (5,118) (1,477) (3,127) 7,477 96 $ 7.381 2,026 108 $ 1,918 2017 2016 Consolidated Balance Sheets Amounts in millions; As of June 30 A aceto Net Catholic Charities o Think About It Die 2017 2016 $ S 5,569 9,568 4,594 7,102 6.246 4.373 Amounts in millions; As of June 30 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventoreis Deferred income taxes Prepaid expenses and other current assets Current assets held for sale TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 1,308 529 2,787 4,624 2,139 1.188 563 2.965 4.716 1,507 2,653 -7.185 33.782 19,385 44.350 24-527 5.092 $ 127.136 26,494 19,893 44,699 24,187 5,133 $ 120,406 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable S 9,632 $ 9-325 5:40 PM M M 6596 9.325 7.449 2,313 11.653 30.770 18.945 9,113 10.325 69.153 Maps Youtube medinte Accounting 17eFebooks feput2 N Netice Liabilities and Shareholders' Equity Catholic Charities o.. Think about it CURRENT LIABILITIES Accounts payable Accrued and other liabilities S 9,632 $ Current liabilities held for sale 7,024 Debt due within one year TOTAL CURRENT LIABILITIES 13,554 LONG-TERM DEBT 30,210 DEFERRED INCOME TAXES 18,038 8,126 OTHER NONCURRENT LIABILITIES 8,254 TOTAL LIABILITIES 64,628 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $i per share (600 shares authorized) 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: 2017 - 4,009.2, 2016 - 4.009.2) 4,009 Additional paid-in capital 63,641 (1.249) Reserve for ESOP debt retirement (14,632) Accumulated other comprehensive income/Closs) (93.715) Treasury stock, at cost (shares held: 2017 - 1,455.9.2016 - 1.341.2) 96,124 Retained earnings 594 Noncontrolling interest 55,778 TOTAL SHAREHOLDERS' EQUITY $ 120.406 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY See accompanying Notes to Consolidated Financial Statements. a 65% LMK 1,006 1.038 4,009 63.714 (1,290) (15.907) (82.176) 87.953 642 57,983 $ 127,136 541 PM 2021 Consolidated Statements of Shareholders' Equity Accumulated Common Other Total Dollars in millions: Additional Reserve for Comprehensive Shares Non Common Preferred Paid in Share Shares in thousands ESOP Debt Outstanding Income Treasury Retained controlling holders' Stock Stock Capital Retirement (Loss) BALANCE JUNE 30, 2014 Stock Earnings Interest Equity 2.710.806 $4,009 $1,111 $63.911 ($1.340) ($7.662) (575.805) $84.990 $702 569.976 Net earnings 7.036 108 Other comprehensive loss 7.144 (5,118) Dividends to shareholders: Common 17.028) 17.021) Preferred, net of tax benefits (259) Treasury purchases (54,670) (1.604) 4.600) Employee plan issuances 54,100 156 3.153 Preferred stock conversions 4.335 (34) 4 30 ESOP debt impacts 20 68 88 Noncontrolling interest, net (219) (8) BALANCE JUNE 30, 2015 2.714.571 $4,009 $1,077 $63,852 ($1.320) ($12.780) ($77,226) $84,807 $631 $63.050 10.508 96 10,604 Net earnings (3.127) (3,127) Other comprehensive loss Dividends to shareholders: (7.181) (7.181) Common (255) (255) Preferred, net of tax benefits (8,217) (8,217) Treasury purchases (1) (103449) CE (239) Oube Netflix Catholic Charities o $ Think About It Dis (103,449) 52,089 4,863 (144) 6 (8,217) 3,234 33 (8,217) 3.090 (39) 30 74 2,668,074 $4,009 $1,038 $63,714 ($1.290) Treasury purchases (1) Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2016 Net earnings Other comprehensive loss Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases (2) Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2017 ($15.907) ($82,176) $87.953 15,326 1,275 104 (85) (85) $642 $57.983 85 15.411 1,275 (6,989) (247) (164,866) 45,848 4,241 (6,989) (247) (14,625) 2,981 (77) (14.625) 3,058 28 (32) 4 41 81 122 (133) (133) $594 $55.778 2,553,297 $4,009 $1,006 $63,641 ($1,249) ($14,632) ($93,715) $96,124 (1) Includes $4,213 of treasury shares acquired in the divestiture of the Batteries business (see Note 13). (2) Includes $9.421 of treasury shares received as part of the share exchange in the Beauty Brands transaction (see Note 13). See accompanying Notes to Consolidated Financial Statements. Consolidated Statements of Cash Flows 2017 2016 2015 Amounts in millions; Years ended June 30 65% 5:41 PM 3/7/2021 N Includes $9.421 of treasury share received as part of the share exchange in the beauty Brands transaction (se Note 2017 2016 $ 6,836 38.518 $ 7,102 15.411 10.604 3.071 2.144 3.134 543 See accompanying Notes to Consolidated Financial Statements Consolidated Statements of Cash Flows Amounts in millions: Years ended June 30 CASII AND CASH EQUIVALENTS, BEGINNING OF YEAR OPERATING ACTIVITIES Net earnings Depreciation and amortization Loss on early extinguishment of debt Share based compensation expense Deferred income taxes Gain on sale of assets Venezuela deconsolidation charge Goodwill and intangible asset impairment charges Change in accounts receivable Change in inventories Change in accounts payable, accrued and other liabilities Change in other operating assets and liabilities Other TOTAL OPERATING ACTIVITIES INVESTING ACTIVITIES Capital expenditures Proceeds from asset sales (601) (5.490) 337 (HO) (760) 2,098 450 2.174 116 71 (149) (43) 102 12.7753 1,285 204 184 319 313 028 (976) 740 14,608 (3.384) (3.31) 432 (3.736) 1.498 de a lounting 17e%2Febook2Fepub%25 3,384) 571 (3,314) (16) (4,843) 1,488 (874) (475) 1,870 (186) (2,815) 1.354 (996) 13.736) 4.498 (908) (137) (3.647) 1,203 YouTube N Netto Catholic Charities o 5 Think About It Disc Capital expenditures Proceeds from asset sales Cash related to deconsolidated Venezuela operations Acquisitions, net of cash acquired Purchases of short-term investments Proceeds from sales and maturities of short-term investments Pre-divestiture addition of restricted cash related to the Beauty Brands divestiture Cash transferred at closing related to the Beauty Brands divestiture Release of restricted cash upon closing of the Beauty Brands divestiture Cash transferred in Batteries divestiture Change in other investments TOTAL INVESTING ACTIVITIES FINANCING ACTIVITIES Dividends to shareholders Change in short-term debt Additions to long-term debt Reductions of long-term debt Treasury stock purchases Treasury stock from cash infused in Batteries divestiture Impact of stock options and other TOTAL FINANCING ACTIVITIES EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS CHANGE IN CASH AND CASH EQUIVALENTS (26) (5,689) (143) 93 (5.575) (163) (2.890) (7,236) 2,727 3,603 (4,931)(1) (5,204) (7.436) (418) 3,916 (2,213) (4,004) (1.730) 2,672 (9,213) 6.287) (2,580) 2,138 (3.512) (4,604) 2,473 (8,568) 2,826 (13,019) (29) (1.533) (381) 266 (411) (1,712) Appendix B Specimen Financial Statements: The Procter & Gamble Company Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate officers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the corporation's accounting system. The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, etc.), the following are the traditional financial portions of the annual report: Financial Highlights Letter to the Stockholders Management's Discussion and Analysis Financial Statements Notes to the Financial Statements Management's Responsibility for Financial Reporting Management's Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm Selected Financial Data The official SEC filing of the annual report is called a Form 10-K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present The Procter & Gamble Company (P&G)'s financial statements taken from the company's 2017 Form 10-K. Consolidated Statements of Earnings 2017 2016 2015 Amounts in millions except per share amounts; Years ended June 30 08 $65 200 $70.79 waps SO Intermediate Accounting 17e2Febook%2Fepub%2F 5 Think About It Disc A 2017 $ 65,058 2016 $ 65,299 32,909 18.949 2015 $ 70.749 32.535 18,568 YouTube N Netflix O Catholic Charities o Amounts in millions except per share amounts; Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation charge OPERATING INCOME Interest expense Interest income Other non-operating income/expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE BASIC NET EARNINGS PER COMMON SHARE:0 Earnings from continuing operations Earnings/(loss) from discontinued operations BASIC NET EARNINGS PER COMMON SHARE DILUTED NET EARNINGS PER COMMON SHARE:(1) Earnings from continuing operations Earnings/(loss) from discontinued operations O Type here to search 13,955 465 171 (404) 13,257 3,063 10,194 5,217 15,411 85 $ 15,326 13.441 579 182 325 13.369 3.342 10,027 577 10.604 96 $10.508 37,056 20.616 2,028 11.049 626 149 440 11,012 2.725 8.287 (1.143) 7.144 108 $ 7,036 $ 3.79 $ $ 2.01 3-59 0.21 3.80 2.92 (0.42) 2.50 $ 5.80 $ $ $ $ 3-49 $ 3.69 1.90 0.20 - 2.84 (0.40) S:40 PM @ 65% 1.90 0.20 (0.40) 5.59 $ Earnings/(loss) from discontinued operations DILUTED NET EARNINGS PER COMMON SHARE DIVIDENDS PER COMMON SHARE 2.70 (1) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. 3.69 $ 2.44 $ $ 2.66 $ 2.59 2016 2015 2017 $ 15,411 $ 10,604 $ 7,144 (1,679) 1 Consolidated Statements of Comprehensive Income Amounts in millions; Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX Financial statement translation Unrealized gains/(losses) on hedges (net of $(186), $5 and $739 tax, respectively) Unrealized gains/(losses) on investment securities (net of $(6), $7 and $o tax, respectively) Unrealized gains/(losses) on defined benefit retirement plans (net of $551, $(621) and $328 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 28 239 (306) (59) 1,401 1,275 16,686 85 $ 16,601 (7,220) 1,234 24 844 (5,118) (1,477) (3,127) 7,477 96 $ 7.381 2,026 108 $ 1,918 2017 2016 Consolidated Balance Sheets Amounts in millions; As of June 30 A aceto Net Catholic Charities o Think About It Die 2017 2016 $ S 5,569 9,568 4,594 7,102 6.246 4.373 Amounts in millions; As of June 30 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventoreis Deferred income taxes Prepaid expenses and other current assets Current assets held for sale TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 1,308 529 2,787 4,624 2,139 1.188 563 2.965 4.716 1,507 2,653 -7.185 33.782 19,385 44.350 24-527 5.092 $ 127.136 26,494 19,893 44,699 24,187 5,133 $ 120,406 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable S 9,632 $ 9-325 5:40 PM M M 6596 9.325 7.449 2,313 11.653 30.770 18.945 9,113 10.325 69.153 Maps Youtube medinte Accounting 17eFebooks feput2 N Netice Liabilities and Shareholders' Equity Catholic Charities o.. Think about it CURRENT LIABILITIES Accounts payable Accrued and other liabilities S 9,632 $ Current liabilities held for sale 7,024 Debt due within one year TOTAL CURRENT LIABILITIES 13,554 LONG-TERM DEBT 30,210 DEFERRED INCOME TAXES 18,038 8,126 OTHER NONCURRENT LIABILITIES 8,254 TOTAL LIABILITIES 64,628 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $i per share (600 shares authorized) 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: 2017 - 4,009.2, 2016 - 4.009.2) 4,009 Additional paid-in capital 63,641 (1.249) Reserve for ESOP debt retirement (14,632) Accumulated other comprehensive income/Closs) (93.715) Treasury stock, at cost (shares held: 2017 - 1,455.9.2016 - 1.341.2) 96,124 Retained earnings 594 Noncontrolling interest 55,778 TOTAL SHAREHOLDERS' EQUITY $ 120.406 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY See accompanying Notes to Consolidated Financial Statements. a 65% LMK 1,006 1.038 4,009 63.714 (1,290) (15.907) (82.176) 87.953 642 57,983 $ 127,136 541 PM 2021 Consolidated Statements of Shareholders' Equity Accumulated Common Other Total Dollars in millions: Additional Reserve for Comprehensive Shares Non Common Preferred Paid in Share Shares in thousands ESOP Debt Outstanding Income Treasury Retained controlling holders' Stock Stock Capital Retirement (Loss) BALANCE JUNE 30, 2014 Stock Earnings Interest Equity 2.710.806 $4,009 $1,111 $63.911 ($1.340) ($7.662) (575.805) $84.990 $702 569.976 Net earnings 7.036 108 Other comprehensive loss 7.144 (5,118) Dividends to shareholders: Common 17.028) 17.021) Preferred, net of tax benefits (259) Treasury purchases (54,670) (1.604) 4.600) Employee plan issuances 54,100 156 3.153 Preferred stock conversions 4.335 (34) 4 30 ESOP debt impacts 20 68 88 Noncontrolling interest, net (219) (8) BALANCE JUNE 30, 2015 2.714.571 $4,009 $1,077 $63,852 ($1.320) ($12.780) ($77,226) $84,807 $631 $63.050 10.508 96 10,604 Net earnings (3.127) (3,127) Other comprehensive loss Dividends to shareholders: (7.181) (7.181) Common (255) (255) Preferred, net of tax benefits (8,217) (8,217) Treasury purchases (1) (103449) CE (239) Oube Netflix Catholic Charities o $ Think About It Dis (103,449) 52,089 4,863 (144) 6 (8,217) 3,234 33 (8,217) 3.090 (39) 30 74 2,668,074 $4,009 $1,038 $63,714 ($1.290) Treasury purchases (1) Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2016 Net earnings Other comprehensive loss Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases (2) Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2017 ($15.907) ($82,176) $87.953 15,326 1,275 104 (85) (85) $642 $57.983 85 15.411 1,275 (6,989) (247) (164,866) 45,848 4,241 (6,989) (247) (14,625) 2,981 (77) (14.625) 3,058 28 (32) 4 41 81 122 (133) (133) $594 $55.778 2,553,297 $4,009 $1,006 $63,641 ($1,249) ($14,632) ($93,715) $96,124 (1) Includes $4,213 of treasury shares acquired in the divestiture of the Batteries business (see Note 13). (2) Includes $9.421 of treasury shares received as part of the share exchange in the Beauty Brands transaction (see Note 13). See accompanying Notes to Consolidated Financial Statements. Consolidated Statements of Cash Flows 2017 2016 2015 Amounts in millions; Years ended June 30 65% 5:41 PM 3/7/2021 N Includes $9.421 of treasury share received as part of the share exchange in the beauty Brands transaction (se Note 2017 2016 $ 6,836 38.518 $ 7,102 15.411 10.604 3.071 2.144 3.134 543 See accompanying Notes to Consolidated Financial Statements Consolidated Statements of Cash Flows Amounts in millions: Years ended June 30 CASII AND CASH EQUIVALENTS, BEGINNING OF YEAR OPERATING ACTIVITIES Net earnings Depreciation and amortization Loss on early extinguishment of debt Share based compensation expense Deferred income taxes Gain on sale of assets Venezuela deconsolidation charge Goodwill and intangible asset impairment charges Change in accounts receivable Change in inventories Change in accounts payable, accrued and other liabilities Change in other operating assets and liabilities Other TOTAL OPERATING ACTIVITIES INVESTING ACTIVITIES Capital expenditures Proceeds from asset sales (601) (5.490) 337 (HO) (760) 2,098 450 2.174 116 71 (149) (43) 102 12.7753 1,285 204 184 319 313 028 (976) 740 14,608 (3.384) (3.31) 432 (3.736) 1.498 de a lounting 17e%2Febook2Fepub%25 3,384) 571 (3,314) (16) (4,843) 1,488 (874) (475) 1,870 (186) (2,815) 1.354 (996) 13.736) 4.498 (908) (137) (3.647) 1,203 YouTube N Netto Catholic Charities o 5 Think About It Disc Capital expenditures Proceeds from asset sales Cash related to deconsolidated Venezuela operations Acquisitions, net of cash acquired Purchases of short-term investments Proceeds from sales and maturities of short-term investments Pre-divestiture addition of restricted cash related to the Beauty Brands divestiture Cash transferred at closing related to the Beauty Brands divestiture Release of restricted cash upon closing of the Beauty Brands divestiture Cash transferred in Batteries divestiture Change in other investments TOTAL INVESTING ACTIVITIES FINANCING ACTIVITIES Dividends to shareholders Change in short-term debt Additions to long-term debt Reductions of long-term debt Treasury stock purchases Treasury stock from cash infused in Batteries divestiture Impact of stock options and other TOTAL FINANCING ACTIVITIES EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS CHANGE IN CASH AND CASH EQUIVALENTS (26) (5,689) (143) 93 (5.575) (163) (2.890) (7,236) 2,727 3,603 (4,931)(1) (5,204) (7.436) (418) 3,916 (2,213) (4,004) (1.730) 2,672 (9,213) 6.287) (2,580) 2,138 (3.512) (4,604) 2,473 (8,568) 2,826 (13,019) (29) (1.533) (381) 266 (411) (1,712)