---
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"
generated_at: "2026-06-07T18:25:02.541861+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# P&G to take $2.0-2.5B after-tax charges: restructuring ($1.0-1.5B) plus Gillette impairment ($1.0B)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 2.06
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080424-23-000107
- JSON: https://secwatch.observer/filing/0000080424-23-000107.json
- Plain text: https://secwatch.observer/filing/0000080424-23-000107.txt

## Key facts
- Restructurings & Charges
  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.
  - Type: impairment
  - Charge: approximately $1.3 billion before tax ($1.0 billion after tax) noncash impairment charge
  - Affected area: Gillette business
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/80424/000008042423000107/0000080424-23-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.