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Procter & Gamble PG Grooming — Accumulated impairment losses

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Other financials

Income statement

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Revenue$21.2B+1.5%
Gross profit$10.3B+0.2%
Operating income$3.9B-9.3%
Net income$3.0B-15.8%
EPS (diluted)$6.62+347%

Balance sheet

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Cash & equivalents$9.9B+4.0%
Total debt$22.8B-35.6%
Total assets$126.52B+1.0%

Cash flow

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Operating cash flow$5.1B+2.9%
CapEx$1.0B+2.7%
Free cash flow$4.1B+3.0%

Valuation

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Market cap$336.46B-4.7%
Enterprise value$349.36B-7.8%
P/E21×-1.1×
P/S3.9×-0.3×

Profitability

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Gross margin50.2%-1.0pp
Operating margin22.7%-1.6pp
Net margin18.4%-0.5pp
FCF margin17.4%+0.7pp

Returns & leverage

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Current ratio0.7×0.0×

Where this comes from

Reported directly by Procter & Gamble in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Procter & Gamble’s 10-K, filed August 4, 2025.

Filed
Aug 4, 2025
Fiscal year
FY2025
Accession
0000080424-25-000076

(1) Grooming goodwill balance is net of $7.9 billion accumulated impairment losses.

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Procter & Gamble's grooming — accumulated impairment losses?
Procter & Gamble (PG) reported grooming — accumulated impairment losses of $7.9B in Q2 2025.
What does grooming — accumulated impairment losses mean?
This metric tracks the cumulative reduction in the carrying value of long-lived assets, such as goodwill, intangible assets, or property, plant, and equipment, specifically allocated to the Grooming segment. It reflects management's assessment that the future economic benefits of these assets are lower than their recorded book value. High or increasing levels of accumulated impairment indicate potential historical overpayment for acquisitions or a decline in the long-term competitive position of the segment's product lines.

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