{"schema_version":"secwatch.filing_event.v1","accession":"0000080424-23-000107","form_type":"8-K","ticker":"PG","cik":"0000080424","company_name":"PROCTER & GAMBLE Co","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.046792+00:00","generated_at":"2026-06-07T18:25:02.541861+00:00","sec_items":["7.01","2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"P&G to take $2.0-2.5B after-tax charges: restructuring ($1.0-1.5B) plus Gillette impairment ($1.0B)","bullets":["Restructuring charges of $1.0-1.5B after-tax (mostly noncash) in FY2024/25 from exiting certain Enterprise Markets (Argentina, Nigeria).","Initial restructuring charges expected in the quarter ending December 31, 2023.","Noncash impairment of ~$1.3B pre-tax ($1.0B after-tax) on Gillette indefinite-lived intangible asset in Q2 FY2024.","Impairment due to higher discount rate, currency weakness, and restructuring impact; underlying Gillette business remains strong.","Total after-tax charges estimated at $2.0-2.5B over FY2024 and FY2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000080424-23-000107","json":"https://secwatch.observer/filing/0000080424-23-000107.json","markdown":"https://secwatch.observer/filing/0000080424-23-000107.md","text":"https://secwatch.observer/filing/0000080424-23-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80424/000008042423000107/0000080424-23-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80424/000008042423000107/emrestructureannouncemnt.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:25:02.541861+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d9e3b7dcfa31dd9f525db24697533de983a58533","claim":"PROCTER & GAMBLE Co announced a impairment with charges of approximately $1.3 billion before tax ($1.0 billion after tax) noncash impairment charge affecting Gillette business.","evidence_excerpt":"on December 1, 2023, the Company concluded it will record an approximately $1.3 billion before tax ($1.0 billion after tax) noncash impairment charge in the quarter ending December 31, 2023, on intangible assets acquired as part of the Company’s 2005 acquisition of The Gillette Company.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/80424/000008042423000107/0000080424-23-000107-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $1.3 billion before tax ($1.0 billion after tax) noncash impairment charge"},{"label":"Affected area","value":"Gillette business"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}