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u AA 2017 2016 2015 $ 15,411 $ 10,604 $ 7,144 Amounts in millions: Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS), NET OF

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u AA 2017 2016 2015 $ 15,411 $ 10,604 $ 7,144 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 239 (306) (59) 1,401 (1,679) (7,220) 1 1,234 28 24 (1.477) 844 1,275 (3.127) 16,686 7497 85 96 $ 16,601 $ 7381 (5,118) 2,026 108 $ 1,918 2017 2016 5,569 $ 9.568 4.594 7,102 6,246 4.373 Consolidated Balance Sheets 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 1,308 329 2.787 4,624 1,188 563 2.965 4.716 1.507 2,653 7.185 33.782 19.385 2,139 26.494 19,893 TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 26,494 33.782 19,893 19.385 44,699 44,350 24,187 24,527 5.133 5.092 $ 120,406 $ 127,136 9,632 $ 7,024 13.554 30,210 18,038 8,126 8.254 64,628 9,325 7.449 2,343 11,653 30.770 18,945 9,113 10,325 69,153 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Current liabilities held for sale Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES 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- 4,009.3, 2016 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 2017 - 1,455-9, 2016 - 1,341.2) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,006 1,038 4,009 4.009 - 63.641 (1,249) (14.632) (93,715) 96,124 594 55.778 $ 120,406 63.714 (1,290) (15,907) (82,176) 87.953 642 52.983 $ 127,136 a A Consolidated Statements of Shareholders' Equity Accumulated Dollars in Reserve Other Common Total millions; Additional for Comprehensive Shares in Common Preferred Paid In ESOP Debt Non- Share- Shares Income/ thousands Outstanding Stock Stock Capital Retirement Treasury Retained controlling holders' (Loss) Stock Earnings Interest Equity BALANCE 2,710,806 $4,009 $1,111 $69.911 JUNE 30, ($1,340) ($7,662) ($75,805) $84,990 $762 $69.976 2014 Net earnings 7.036 108 7,144 Other (5,118) (5.118) comprehensive loss Dividends to shareholders: Common (7.028) (7.028) Preferred (259) (259) net of tax benefits Treasury (54,670) (4,604) (4,604) purchases Employee plan 54.100 3.153 3.309 issuances Preferred stock 4.335 (34) conversions 68 88 ESOP debt impacts Noncontrolling (219) (239) (458) interest, net BALANCE $4,009 2.714.571 $1,072 $63,852 ($12,780) (577,226) $84,807 ($1,320) $631 $63.050 JUNE 30, 2015 10.508 10,604 Net earnings (3,127) (3,127) Other comprehensive 156 ( 30 20 96 (3,127) (3,127) Show All (77) 81 122 Employee plan 45,848 issuances 3.058 2,981 Preferred stock 4,241 (32) conversions 28 ESOP debt impacts Noncontrolling interest, net (133) (133) BALANCE 2,553,297 $4,009 $1,006 JUNE 30, $63,641 ($1,249) ($14,632) ($93.715) $96,124 8594 $55.278 2017 (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 Amounts in millions: Years ended June 30 2017 2016 2015 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR $ 7,102 $ 6,836 $ 8,548 OPERATING ACTIVITIES Net earnings 15,411 10,604 7,144 Depreciation and amortization 2,820 3,078 3.134 Loss on early extinguishment of debt 543 Share-based compensation expense 351 335 337 Deferred income taxes (601) (815) (803) Gain on sale of assets (5.490) (41) (766) 2,028 Venezuela deconsolidation charge 450 2,174 Goodwill and intangible asset impairment charges (322) 35 349 Change in accounts receivable 71 116 313 Change in inventories (149) 1,285 928 Change in accounts payable, accrued and other liabilities (43) 204 (976) Change in other operating assets and liabilities 162 184 746 Other > Cash transferred in Batteries divestiture Change in other investments (143) (26) TOTAL INVESTING ACTIVITIES 93 (163) (5,689) FINANCING ACTIVITIES (5575) (2,890) Dividends to shareholders 6,236 (7.436) (7,287) Change in short-term debt 2,727 (418) (2.580) Additions to long-term debt 3,603 3.916 2,138 Reductions of long-term debt (4.931)) (2,213) (3.512) Treasury stock purchases (5,204) (4.004) (4,604) Treasury stock from cash infused in Batteries divestiture (1.730) Impact of stock options and other 2,4773 2,672 2,826 TOTAL FINANCING ACTIVITIES (8.568) (9,213) (13.019) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (29) (381) (411) CHANGE IN CASH AND CASH EQUIVALENTS (1533) 266 (719) CASH AND CASH EQUIVALENTS, END OF YEAR $5.569 $ 2102 $ 6,836 SUPPLEMENTAL DISCLOSURE Cash payments for interest $ 569 $ 678 Cash payment for income taxes 3.714 3.730 4.558 Divestiture of Batteries business in exchange for shares of P&G stock(e 4,213 Divestiture of Beauty business in exchange for shares of P&G stock and assumption of debt 11,360 Assets acquired through non-cash capital leases are immaterial for all periods. includes $543 of costs related to carly extinguishment of debt. cal includes $1.730 from cash infused into the Batteries businew pursuant to the divestiture agreement (see Note 13). 518 See accompanying Notes to Consolidated Financial Statements,

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