Procter & Gamble Co. (NYSE:PG)

The total carrying amount of debt exhibits a fluctuating but relatively stable trajectory over the analyzed six-year period, with values oscillating between US$ 31.49 billion and US$ 34.61 billion. There is no consistent upward or downward trend, suggesting a managed approach to leverage where new issuances are balanced against repayments.

Total Debt Volatility

The overall debt load reached a peak of US$ 34.61 billion in June 2023, followed by a reduction to US$ 32.46 billion in June 2024. A subsequent increase occurred in June 2025 to US$ 34.51 billion, before stabilizing slightly at US$ 34.14 billion by June 2026.

Short-Term Obligation Trends

Debt due within one year demonstrates significant volatility compared to long-term obligations. This component decreased slightly from June 2021 (US$ 8.89 billion) to June 2022 (US$ 8.65 billion), spiked to US$ 10.23 billion in June 2023, and dropped to a period low of US$ 7.19 billion in June 2024. However, a sharp upward trend is observed toward the end of the period, reaching a peak of US$ 11.30 billion by June 2026.

Long-Term Debt Stability

Long-term debt, excluding amounts due within one year, represents the primary component of the total debt structure. This figure remained relatively consistent, fluctuating within a range of approximately US$ 2.4 billion. A gradual increase was observed from June 2022 (US$ 22.85 billion) to a peak in June 2024 (US$ 25.27 billion), followed by a contraction to US$ 22.84 billion by June 2026.

Debt Composition Analysis

A notable shift in the debt profile occurs in June 2026. While total debt remains stable, there is a visible migration of liabilities from long-term to short-term status. The increase in debt due within one year to US$ 11.30 billion, coinciding with the decrease in long-term debt to US$ 22.84 billion, indicates a significant concentration of upcoming maturities that will require refinancing or settlement within the following twelve months.