This is for the company. P R O C T O R and gamble. Thank you!

Form 10-K exercise. Using the same Dow Jones 30 company selected in the previous homework assignment, please provide the following from your company's 10-K, which can be assessed through the internet. Item 1 - Business - Provide a description of the company's business, its business strategies, three key products, and market competition. Item 1A - Risk Factors - List three per the 10-K, using a sentence or two, in your own words, for each risk factor. Item 5 - Market for Registrant's Common Equity - List the price range for the company's stock over the last two fiscal years (just annual high and low); the number of shareholders (not shares); and the total dividend paid for the last two years (in dollars). Also over the last five years, how did your company's stock perform relative to the S&P 500 (i.e., percentage points above or below). The Procter Gamble Company 3 conjunction with Management's Discussion and Analysis and the Consolidated Financial Statements and related Notes incorporated in this report. The following discussion of risks is not all inclusive but is designed to highlight what we believe are important factors to consider when evaluating our expectations. These and other factors could cause our future results to differ from those in the forward-looking statements and from historical trends, perhaps materially MACROECONOMIC CONDITIONS AND RELATED FINANCIAL RISKS Our business is subject to numerous risks as a result of our having significant operations and sales in international markets, including foreign currency fluctuations, currency exchange or pricing controls and localized volatility. We are a global company, with operations in approximately 70 countries and products sold in more than 180 countries and territories around the world. We hold assets, incur liabilities, generate sales and pay expenses in a variety of currencies other than the U.S. dollar, and our operations outside the U.S. generate more than fifty percent of our annual net sales. Fluctuations in exchange rates for foreign currencies have and could continue to reduce the U.S. dollar value of sales, carnings and cash flows we receive from non-U.S. markets, increase our supply costs (as measured in U.S. dollars) in those markets, negatively impact our competitiveness in those markets or otherwise adversely impact our business results or financial condition. Further, we have a significant amount of foreign currency debt and derivatives as part of our capital markets activities. The maturity cash outflows of these instruments could be adversely impacted by significant appreciation of foreign currency exchange rates (particularly the Euro), which could adversely impact our overall cash flows. Moreover, discriminatory or conflicting fiscal or trade policies in different countries, including changes to tariffs and existing trade policies and agreements, could adversely affect our results. See also the Results of Operations and Cash Flow. Financial Condition and Liquidity sections of the MD&A, and the Consolidated Financial Statements and related Notes. We also have businesses and maintain local currency cash balances in a number of countries with currency exchange, import authorization, pricing or other controls or restrictions, such as Nigeria, Algeria, Egypt, Argentina and Turkey. Our results of operations, financial condition and cash flows could be adversely impacted if we are unable to successfully manage such controls and restrictions, continue existing business operations and repatriate earnings from overseas, or if new or increased tariffs, quotas, exchange or price controls, trade barriers or similar restrictions are imposed on our business. Additionally, our business, operations or employees have been and could continue to be adversely affected (including by the need to de-consolidate or even exit certain businesses in particular countries) by political volatility, labor market disruptions or other crises or vulnerabilities in individual countries or regions, including political instability or upheaval, broad economic instability or sovereign risk related to a default by or deterioration in the creditworthiness of local governments, particularly in emerging markets. Uncertain economic or social conditions may adversely impact demand for our products or cause our customers and other business partners to suffer financial hardship, which could adversely impact our business. Our business could be negatively impacted reduced demand for our products related to one or more significant local, regional or global or social disruptions. These disruptions have included and may in the future include: a slow-down or recession in the general economy, reduced market growth rates; tighter credit markets for our suppliers, vendors or customers; a significant shift in government policies; significant social unrest; the deterioration of economic relations between countries or regions, including potential negative consumer sentiment toward non-local products or sources; or the inability to conduct day-to-day transactions through our financial internediaries to pay funds to or collect funds from our customers, vendors and suppliers. Additionally, these and other economic conditions may cause our suppliers, distributors, contractors or other third-party partners to suffer financial or operational difficulties that they cannot overcome, resulting in their inability to provide us with the materials and services we need, in which case our business and results of operations could be adversely affected. Customers may also suffer financial hardships due to economic conditions such that their accounts become uncollectible or are subject to longer collection cycles. In addition, if we are unable to generate sufficient sales, income and cash flow, it could affect the Company's ability to achieve expected share repurchase and dividend payments. Disruptions in credit markets or to our banking partners or changes to our credit ratings may reduce our access to credit or overall liquidity. A disruption in the credit markets or a downgrade of our current credit rating could increase our future borrowing costs and impair our ability to access capital and credit markets on terms commercially acceptable to us, which could adversely affect our liquidity and capital resources or significantly increase our cost of capital. In addition, we rely on top-tier banking partners in key markets around the world, who themselves face economic, societal, political, and other risks, for access to credit and to facilitate collection and payment programs. A disruption to one or more of these top-tier partners could impact our ability to draw on existing credit facilities or otherwise adversely affect our cash flows. Changing political conditions could adversely impact our business and financial results. Changes in the political conditions in markets in which we manufacture, sell or distribute our products may be difficult to predict and may adversely affect our business and financial results. Results of elections, referendums or other political processes in certain markets in which our The Procter & Gamble Company 1 PART I Item 1. Business. The Procter & Gamble Company (the Company) is focused on providing branded products of superior quality and value to improve the lives of the world's consumers, now and for generations to come. The Company was incorporated in Ohio in 1905, having first been established as a New Jersey corporation in 1890, and was built from a business founded in Cincinnati in 1837 by William Procter and James Gamble. Today, our products are sold in more than 180 countries and territories. Additional information required by this item is incorporated herein by reference to Management's Discussion and Analysis (MD&A); and Notes 1 and 2 to our Consolidated Financial Statements. Unless the context indicates otherwise, the terms the "Company," "P&G," "we," "our" or "us" as used herein refer to The Procter & Gamble Company (the registrant) and its subsidiaries. Throughout this Form 10-K, we incorporate by reference information from other documents filed with the Securities and Exchange Commission (SEC). The Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments thereto, are filed electronically with the SEC. The SEC maintains an internet site that contains these reports at: sec.report. You can also access these reports through links from our website at: www.pginvestor.com. P&G includes the website link solely as a textual reference. The information contained on our website is not incorporated by reference into this report. Copies of these reports are also available, without charge, by contacting EQ Shareowner Services, 1100 Centre Pointe Curve, Suite 101, Mendota, MN 55120-4100. Financial Information about Segments Information about our reportable segments can be found in the MD&A and Note 2 to our Consolidated Financial Statements. Narrative Description of Business Business Model. Our business model relies on the continued growth and success of existing brands and products, as well as the creation of new innovative products and brands. The markets and industry segments in which we offer our products are highly competitive. Our products are sold in more than 180 countries and territories through numerous channels as well as direct-to-consumer. Our growth strategy is to deliver meaningful and noticeable superiority in all elements of our consumer proposition - product, packaging, brand communication, retail execution and consumer and customer value equation. We use our research and development and consumer insights to provide superior products and packaging. We utilize our marketing and online presence to deliver superior brand messaging to our consumers. We work collaboratively with our customers to deliver superior retail execution, both in-store and online. In conjunction with the above elements, we provide superior value to consumers and our retail customers in each price tier in which we compete. Productivity improvement is also critical to delivering our objectives of balanced top and bottom-line growth and value creation. Key Product Categories. Information on key product categories can be found in the MD&A and Note 2 to our Consolidated Financial Statements. Key Customers. Our customers include mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high- frequency stores, pharmacies, electronics stores and professional channels. These customers sell our products to individual consumers. We also sell direct to consumers. Sales to Walmart Inc. and its affiliates represent approximately 15% of our total sales in 2021, 2020 and 2019. No other customer represents more than 10% of our total sales. Our top ten customers accounted for approximately 39% of our total sales in 2021, 38% in 2020 and 36% in 2019. Sources and Availability of Materials. Almost all of the raw and packaging materials used by the Company are purchased from third parties, some of whom are single-source suppliers. We produce certain raw materials, primarily chemicals, for further use in the manufacturing process. In addition, fuel, natural gas and derivative products are important commodities consumed in our manufacturing processes and in the transportation of input materials and finished products to customers. The prices we pay for materials and other commodities are subject to fluctuation. When prices for these items change, we may or may not pass the change to our customers. The Company purchases a substantial variety of other raw and packaging materials, none of which are material to our business taken as a whole. Trademarks and Patents. We own or have licenses under patents and registered trademarks, which are used in connection with our activity in all businesses. Some of these patents or licenses cover significant product formulation and processes used to manufacture our products. The trademarks are important to the overall marketing and branding of our products. All major trademarks in each business are registered. In part, our success can be attributed to the existence and continued protection of these trademarks, patents and licenses. Competitive Condition. The markets in which our products are sold are highly competitive. Our products compete against similar products of many large and small companies, including well-known global competitors. In many of the markets and industry segments in which we sell our products, we compete against other branded products as well as retailers' private-label brands. We are well positioned in the industry segments and markets in which we operate, often holding a leadership or significant market share position. We support our products with advertising, perves Ingen "Toll under the Perthant 3.9118,114 8.03333 Pred 4'1:2021 - 430/2021 51.2001 - 31:2001 1:2001 - 2021 Total 11 pruge Price Paleor Sharp $135.41 136.31 134.40 $135.56 20 3.9118,114 8,038.55 8,184,144 22,131.03 11 X,184,984 22,131.013 11 Il All II. In den lrul de les esmul intercamaki wih bergencial incl. This lelicecelule shares with liom cupons boisy ministar le wiki nyines de cuited ni TIC de Llico serie deeg niet Hordprty and does a phase stat connection with cashless exercises. Avenge pocepaid per arredor open market tore acude comida Un Apcil 29, 2021.the Cotspray credati fiscal year 2001 the Carspay expected to recuceringsrestcouple directement a vatro od prema stale il sluding any puls i una Calcars. The current VLC alltial partit amily dy's Bed of Directia de literalma ceruling hindi pa slot-km delu. Tie wal value of the stares procred under the the prese plan was $1 billion. The shtepise pin ended un 30, 2021. Actions in continuind this is before in Par III, Ikon 12 ulas Fur LC-K SHAREHOLDER RETURN PERFORMANCE GRAPHS Mackel and Dividend Information P&G hus born peying a dividend for 121 consecutive years since its interporation in 1890 and has increased is dividend for consecutive years since 1986. Over the per 11 years, the dividend has increased at en ammual compound averzge rute of %. Nevertheless, as in the past, further dividends will he considered after reviewing Fiscal Year Dividends per Share (In dollars, split-adjusted) , 390 53.24 2.50 200 150 1.00 0.00 1956 1961 1971 1981 1991 2001 2011 2021 dividend fields, getitellity and cash flow expectations and financing needs and will be declared the discretion of the Company's Houd of Directors The IT Cry1 361 19 1991 2001 BOLI 201 1981 0.12 Divides per here 0.11 $ 004 5 11.24 5 071) 1.97 3.24 Common Stock Information P&G trades the New York Stock Exchange under the stock yuboll. As cume 30, 2021, theco we approximately 1 million common socksharcowners, including shareuwsarso reverd, purticipants in P&G stock ouumship plans and benccal uwzers with accounts at banks and brocemgen Sharchilder Return The following emphcampares de cumulative total retuniot PACE's common stack to the five-year end endedore 30, 2021, paint the condive tal rumah AP580 Stack Index (rcal mukar camarisan) and the S&P 50 Cancer les Index line of business COMPARISON OF FIVE YEAR CUMULATIVE TOTAL SHAREHOLDER RETURN $230 $210 $190 $10 $130 $130 . $110 590 2016 2017 2018 2019 2020 2021 NG SEPSI SAP 900 Can Stasies Indee copur.soc. The gue and table assump $100 invested on June 30, 2016, and that all dividends were reinvested. Creathe Yalue of love, tegen Form 10-K exercise. Using the same Dow Jones 30 company selected in the previous homework assignment, please provide the following from your company's 10-K, which can be assessed through the internet. Item 1 - Business - Provide a description of the company's business, its business strategies, three key products, and market competition. Item 1A - Risk Factors - List three per the 10-K, using a sentence or two, in your own words, for each risk factor. Item 5 - Market for Registrant's Common Equity - List the price range for the company's stock over the last two fiscal years (just annual high and low); the number of shareholders (not shares); and the total dividend paid for the last two years (in dollars). Also over the last five years, how did your company's stock perform relative to the S&P 500 (i.e., percentage points above or below). The Procter Gamble Company 3 conjunction with Management's Discussion and Analysis and the Consolidated Financial Statements and related Notes incorporated in this report. The following discussion of risks is not all inclusive but is designed to highlight what we believe are important factors to consider when evaluating our expectations. These and other factors could cause our future results to differ from those in the forward-looking statements and from historical trends, perhaps materially MACROECONOMIC CONDITIONS AND RELATED FINANCIAL RISKS Our business is subject to numerous risks as a result of our having significant operations and sales in international markets, including foreign currency fluctuations, currency exchange or pricing controls and localized volatility. We are a global company, with operations in approximately 70 countries and products sold in more than 180 countries and territories around the world. We hold assets, incur liabilities, generate sales and pay expenses in a variety of currencies other than the U.S. dollar, and our operations outside the U.S. generate more than fifty percent of our annual net sales. Fluctuations in exchange rates for foreign currencies have and could continue to reduce the U.S. dollar value of sales, carnings and cash flows we receive from non-U.S. markets, increase our supply costs (as measured in U.S. dollars) in those markets, negatively impact our competitiveness in those markets or otherwise adversely impact our business results or financial condition. Further, we have a significant amount of foreign currency debt and derivatives as part of our capital markets activities. The maturity cash outflows of these instruments could be adversely impacted by significant appreciation of foreign currency exchange rates (particularly the Euro), which could adversely impact our overall cash flows. Moreover, discriminatory or conflicting fiscal or trade policies in different countries, including changes to tariffs and existing trade policies and agreements, could adversely affect our results. See also the Results of Operations and Cash Flow. Financial Condition and Liquidity sections of the MD&A, and the Consolidated Financial Statements and related Notes. We also have businesses and maintain local currency cash balances in a number of countries with currency exchange, import authorization, pricing or other controls or restrictions, such as Nigeria, Algeria, Egypt, Argentina and Turkey. Our results of operations, financial condition and cash flows could be adversely impacted if we are unable to successfully manage such controls and restrictions, continue existing business operations and repatriate earnings from overseas, or if new or increased tariffs, quotas, exchange or price controls, trade barriers or similar restrictions are imposed on our business. Additionally, our business, operations or employees have been and could continue to be adversely affected (including by the need to de-consolidate or even exit certain businesses in particular countries) by political volatility, labor market disruptions or other crises or vulnerabilities in individual countries or regions, including political instability or upheaval, broad economic instability or sovereign risk related to a default by or deterioration in the creditworthiness of local governments, particularly in emerging markets. Uncertain economic or social conditions may adversely impact demand for our products or cause our customers and other business partners to suffer financial hardship, which could adversely impact our business. Our business could be negatively impacted reduced demand for our products related to one or more significant local, regional or global or social disruptions. These disruptions have included and may in the future include: a slow-down or recession in the general economy, reduced market growth rates; tighter credit markets for our suppliers, vendors or customers; a significant shift in government policies; significant social unrest; the deterioration of economic relations between countries or regions, including potential negative consumer sentiment toward non-local products or sources; or the inability to conduct day-to-day transactions through our financial internediaries to pay funds to or collect funds from our customers, vendors and suppliers. Additionally, these and other economic conditions may cause our suppliers, distributors, contractors or other third-party partners to suffer financial or operational difficulties that they cannot overcome, resulting in their inability to provide us with the materials and services we need, in which case our business and results of operations could be adversely affected. Customers may also suffer financial hardships due to economic conditions such that their accounts become uncollectible or are subject to longer collection cycles. In addition, if we are unable to generate sufficient sales, income and cash flow, it could affect the Company's ability to achieve expected share repurchase and dividend payments. Disruptions in credit markets or to our banking partners or changes to our credit ratings may reduce our access to credit or overall liquidity. A disruption in the credit markets or a downgrade of our current credit rating could increase our future borrowing costs and impair our ability to access capital and credit markets on terms commercially acceptable to us, which could adversely affect our liquidity and capital resources or significantly increase our cost of capital. In addition, we rely on top-tier banking partners in key markets around the world, who themselves face economic, societal, political, and other risks, for access to credit and to facilitate collection and payment programs. A disruption to one or more of these top-tier partners could impact our ability to draw on existing credit facilities or otherwise adversely affect our cash flows. Changing political conditions could adversely impact our business and financial results. Changes in the political conditions in markets in which we manufacture, sell or distribute our products may be difficult to predict and may adversely affect our business and financial results. Results of elections, referendums or other political processes in certain markets in which our The Procter & Gamble Company 1 PART I Item 1. Business. The Procter & Gamble Company (the Company) is focused on providing branded products of superior quality and value to improve the lives of the world's consumers, now and for generations to come. The Company was incorporated in Ohio in 1905, having first been established as a New Jersey corporation in 1890, and was built from a business founded in Cincinnati in 1837 by William Procter and James Gamble. Today, our products are sold in more than 180 countries and territories. Additional information required by this item is incorporated herein by reference to Management's Discussion and Analysis (MD&A); and Notes 1 and 2 to our Consolidated Financial Statements. Unless the context indicates otherwise, the terms the "Company," "P&G," "we," "our" or "us" as used herein refer to The Procter & Gamble Company (the registrant) and its subsidiaries. Throughout this Form 10-K, we incorporate by reference information from other documents filed with the Securities and Exchange Commission (SEC). The Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments thereto, are filed electronically with the SEC. The SEC maintains an internet site that contains these reports at: sec.report. You can also access these reports through links from our website at: www.pginvestor.com. P&G includes the website link solely as a textual reference. The information contained on our website is not incorporated by reference into this report. Copies of these reports are also available, without charge, by contacting EQ Shareowner Services, 1100 Centre Pointe Curve, Suite 101, Mendota, MN 55120-4100. Financial Information about Segments Information about our reportable segments can be found in the MD&A and Note 2 to our Consolidated Financial Statements. Narrative Description of Business Business Model. Our business model relies on the continued growth and success of existing brands and products, as well as the creation of new innovative products and brands. The markets and industry segments in which we offer our products are highly competitive. Our products are sold in more than 180 countries and territories through numerous channels as well as direct-to-consumer. Our growth strategy is to deliver meaningful and noticeable superiority in all elements of our consumer proposition - product, packaging, brand communication, retail execution and consumer and customer value equation. We use our research and development and consumer insights to provide superior products and packaging. We utilize our marketing and online presence to deliver superior brand messaging to our consumers. We work collaboratively with our customers to deliver superior retail execution, both in-store and online. In conjunction with the above elements, we provide superior value to consumers and our retail customers in each price tier in which we compete. Productivity improvement is also critical to delivering our objectives of balanced top and bottom-line growth and value creation. Key Product Categories. Information on key product categories can be found in the MD&A and Note 2 to our Consolidated Financial Statements. Key Customers. Our customers include mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high- frequency stores, pharmacies, electronics stores and professional channels. These customers sell our products to individual consumers. We also sell direct to consumers. Sales to Walmart Inc. and its affiliates represent approximately 15% of our total sales in 2021, 2020 and 2019. No other customer represents more than 10% of our total sales. Our top ten customers accounted for approximately 39% of our total sales in 2021, 38% in 2020 and 36% in 2019. Sources and Availability of Materials. Almost all of the raw and packaging materials used by the Company are purchased from third parties, some of whom are single-source suppliers. We produce certain raw materials, primarily chemicals, for further use in the manufacturing process. In addition, fuel, natural gas and derivative products are important commodities consumed in our manufacturing processes and in the transportation of input materials and finished products to customers. The prices we pay for materials and other commodities are subject to fluctuation. When prices for these items change, we may or may not pass the change to our customers. The Company purchases a substantial variety of other raw and packaging materials, none of which are material to our business taken as a whole. Trademarks and Patents. We own or have licenses under patents and registered trademarks, which are used in connection with our activity in all businesses. Some of these patents or licenses cover significant product formulation and processes used to manufacture our products. The trademarks are important to the overall marketing and branding of our products. All major trademarks in each business are registered. In part, our success can be attributed to the existence and continued protection of these trademarks, patents and licenses. Competitive Condition. The markets in which our products are sold are highly competitive. Our products compete against similar products of many large and small companies, including well-known global competitors. In many of the markets and industry segments in which we sell our products, we compete against other branded products as well as retailers' private-label brands. We are well positioned in the industry segments and markets in which we operate, often holding a leadership or significant market share position. We support our products with advertising, perves Ingen "Toll under the Perthant 3.9118,114 8.03333 Pred 4'1:2021 - 430/2021 51.2001 - 31:2001 1:2001 - 2021 Total 11 pruge Price Paleor Sharp $135.41 136.31 134.40 $135.56 20 3.9118,114 8,038.55 8,184,144 22,131.03 11 X,184,984 22,131.013 11 Il All II. In den lrul de les esmul intercamaki wih bergencial incl. This lelicecelule shares with liom cupons boisy ministar le wiki nyines de cuited ni TIC de Llico serie deeg niet Hordprty and does a phase stat connection with cashless exercises. Avenge pocepaid per arredor open market tore acude comida Un Apcil 29, 2021.the Cotspray credati fiscal year 2001 the Carspay expected to recuceringsrestcouple directement a vatro od prema stale il sluding any puls i una Calcars. The current VLC alltial partit amily dy's Bed of Directia de literalma ceruling hindi pa slot-km delu. Tie wal value of the stares procred under the the prese plan was $1 billion. The shtepise pin ended un 30, 2021. Actions in continuind this is before in Par III, Ikon 12 ulas Fur LC-K SHAREHOLDER RETURN PERFORMANCE GRAPHS Mackel and Dividend Information P&G hus born peying a dividend for 121 consecutive years since its interporation in 1890 and has increased is dividend for consecutive years since 1986. Over the per 11 years, the dividend has increased at en ammual compound averzge rute of %. Nevertheless, as in the past, further dividends will he considered after reviewing Fiscal Year Dividends per Share (In dollars, split-adjusted) , 390 53.24 2.50 200 150 1.00 0.00 1956 1961 1971 1981 1991 2001 2011 2021 dividend fields, getitellity and cash flow expectations and financing needs and will be declared the discretion of the Company's Houd of Directors The IT Cry1 361 19 1991 2001 BOLI 201 1981 0.12 Divides per here 0.11 $ 004 5 11.24 5 071) 1.97 3.24 Common Stock Information P&G trades the New York Stock Exchange under the stock yuboll. As cume 30, 2021, theco we approximately 1 million common socksharcowners, including shareuwsarso reverd, purticipants in P&G stock ouumship plans and benccal uwzers with accounts at banks and brocemgen Sharchilder Return The following emphcampares de cumulative total retuniot PACE's common stack to the five-year end endedore 30, 2021, paint the condive tal rumah AP580 Stack Index (rcal mukar camarisan) and the S&P 50 Cancer les Index line of business COMPARISON OF FIVE YEAR CUMULATIVE TOTAL SHAREHOLDER RETURN $230 $210 $190 $10 $130 $130 . $110 590 2016 2017 2018 2019 2020 2021 NG SEPSI SAP 900 Can Stasies Indee copur.soc. The gue and table assump $100 invested on June 30, 2016, and that all dividends were reinvested. Creathe Yalue of love, tegen