gbustructurechanges.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934
 
 
Date of Report (Date of earliest event reported)
January 17, 2012
 
 
 
 
THE PROCTER & GAMBLE COMPANY
(Exact name of registrant as specified in its charter)
 
Ohio
 
1-434
 
31-0411980
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification Number)
 
One Procter & Gamble Plaza, Cincinnati, Ohio
 
45202
(Address of principal executive offices)
 
Zip Code
 
(513) 983-1100
 
45202
(Registrant's telephone number, including area code)
 
Zip Code
 
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
ITEM 7.01    REGULATION FD DISCLOSURE
 
The Procter & Gamble Company (the "Company") changed its segment reporting structure during the quarter ended December 31, 2011.  This Form 8-K provides pro forma historical segment results for the three months ended September 30, 2011, December 31, 2010, and September 30, 2010, as well as for the six months ended December 31, 2010 reflecting the change in the reporting structure of the Company.  This information in no way revises or restates the Consolidated Statement of Earnings, Consolidated Balance Sheet, Consolidated Statement of Shareholders' Equity or Consolidated Statements of Cash Flows for the Company and consolidated subsidiaries for any period.
 
Fiscal Year 2012 Changes to Global Business Unit (GBU) Structure
Effective during the quarter ended December 31, 2011, we implemented a number of changes to our organization structure within the Beauty & Grooming GBU, which resulted in changes to the components of the Beauty reportable segment and the Grooming reportable segment.  These two segments transitioned from consumer-oriented to product-oriented segment breakouts.  As a result, female blades and razors transitioned from Beauty to Grooming, while Old Spice and Gillette male personal care products moved from Grooming to Beauty.
 
The above changes will be reflected in the consolidated financial statements and segment reporting beginning in fiscal year 2012, starting with the Form 10-Q for the three months ended December 31, 2011.  In advance of the Form 10-Q filing, this document provides pro forma consolidated earnings information and quarterly sales and profit information for the affected segments for the three months ended September 30, 2011, December 31, 2010, and September 30, 2010, as well as for the six months ended December 31, 2010.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
   THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES    
  (Amounts in Millions)    
 
Consolidated Earnings Information
   
               
 
Three Months Ended September 30, 2010
 
Previously Reported
 
Revised
   
Earnings Before
     
Earnings Before
 
 
Net Sales
Income Taxes
Net Earnings
 
Net Sales
Income Taxes
Net Earnings
               
Beauty
 $    4,929
 $                     1,081
 $                829
 
 $      4,862
 $                    1,018
 $             779
               
Grooming
1,898
524
398
 
1,965
587
448
               
Health Care
2,984
741
495
 
2,984
741
495
               
Snacks and Pet Care
709
77
54
 
709
77
54
               
Fabric Care and Home Care
6,297
1,417
937
 
6,297
1,417
937
               
Baby Care and Family Care
3,652
749
470
 
3,652
749
470
               
Corporate
(347)
(307)
(102)
 
(347)
(307)
(102)
Total Company
 $  20,122
 $                     4,282
 $             3,081
 
 $    20,122
 $                    4,282
 $          3,081




         
   THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES    
   (Amounts in Millions)    
   Consolidated Earnings Information    
               
 
Three Months Ended December 31, 2010
 
Previously Reported
 
Revised
   
Earnings Before
      Earnings Before
 
 
Net Sales
Income Taxes
Net Earnings
 
Net Sales
Income Taxes
Net Earnings
               
Beauty
 $    5,290
 $                     1,141
 $                896
 
 $      5,279
 $                    1,112
 $             872
               
Grooming
2,164
635
482
 
2,175
664
506
               
Health Care
3,138
779
531
 
3,138
779
531
               
Snacks and Pet Care
798
93
67
 
798
93
67
               
Fabric Care and Home Care
6,308
1,165
758
 
6,308
1,165
758
               
Baby Care and Family Care
3,930
802
502
 
3,930
802
502
               
Corporate
(281)
(554)
97
 
(281)
(554)
97
Total Company
 $  21,347
 $                     4,061
 $             3,333
 
 $    21,347
 $                    4,061
 $          3,333

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
         
   THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES    
   (Amounts in Millions)    
   Consolidated Earnings Information    
           
 
Six Months Ended December 31, 2010
 
Previously Reported
 
Revised
   
Earnings Before
 
   
Earnings Before
 
 
Net Sales
Income Taxes
Net Earnings
 
Net Sales
Income Taxes
Net Earnings
               
Beauty
 $  10,219
 $                     2,222
 $             1,725
 
 $    10,141
 $                    2,130
 $          1,651
               
Grooming
4,062
1,159
880
 
4,140
1,251
954
               
Health Care
6,122
1,520
1,026
 
6,122
1,520
1,026
               
Snacks and Pet Care
1,507
170
121
 
1,507
170
121
               
Fabric Care and Home Care
12,605
2,582
1,695
 
12,605
2,582
1,695
                   
Baby Care and Family Care
7,582
1,551
972
 
7,582
1,551
972
               
Corporate
(628)
(861)
(5)
 
(628)
(861)
(5)
Total Company
 $  41,469
 $                     8,343
 $             6,414
 
 $    41,469
 $                    8,343
 $          6,414


         
   THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES    
    (Amounts in Millions)    
   Consolidated Earnings Information    
               
 
Three Months Ended September 30, 2011
 
Previously Reported
 
Revised
   
Earnings Before
     
Earnings Before
 
 
Net Sales
Income Taxes
Net Earnings
 
Net Sales
Income Taxes
Net Earnings
               
Beauty
 $    5,390
 $                        991
 $                731
 
 $      5,315
 $                       928
 $             683
               
Grooming
2,093
576
438
 
2,168
639
486
               
Health Care
3,291
800
542
 
3,291
800
542
               
Snacks and Pet Care
776
90
62
 
776
90
62
               
Fabric Care and Home Care
6,681
1,263
805
 
6,681
1,263
805
               
Baby Care and Family Care
4,079
792
494
 
4,079
792
494
               
Corporate
(393)
(417)
(48)
 
(393)
(417)
(48)
Total Company
 $  21,917
 $                     4,095
 $             3,024
 
 $    21,917
 $                    4,095
 $          3,024


This 8-K is furnished pursuant to Item 7.01 "Regulation FD Disclosure".
 
 
 
 
 SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
THE PROCTER & GAMBLE COMPANY
 
 
BY:  /s/ Susan S. Whaley                    
           Susan S. Whaley
           Assistant Secretary
           January 17, 2012