Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Procter & Gamble Co. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
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Procter & Gamble Co., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
Total assets exhibit a steady upward trajectory, growing from $119.3 billion in 2021 to $126.5 billion by 2026. This expansion is characterized by moderate, consistent growth in both current and noncurrent asset categories, reflecting a stable balance sheet structure over the six-year period.
- Current Asset Trends
- Current assets increased from $23.1 billion in 2021 to $26.2 billion in 2026. A notable fluctuation occurred in cash and cash equivalents, which declined from $10.3 billion in 2021 to a low of $7.2 billion in 2022, before recovering steadily to reach $9.9 billion by 2026. Simultaneously, accounts receivable and inventories have shown a general upward trend, with inventories rising from $6.0 billion to $8.2 billion, suggesting an increase in working capital requirements or strategic stockpiling.
- Fixed Asset Investment
- Property, plant, and equipment, net, demonstrate a consistent growth pattern, rising from $21.7 billion in 2021 to $25.4 billion in 2026. This trend indicates sustained capital expenditure and investment in physical infrastructure to support operational capacity.
- Intangible Asset Valuation
- The composition of noncurrent assets is heavily influenced by goodwill and intangible assets. Goodwill has remained relatively stable, fluctuating slightly around the $40 billion to $41 billion range. Conversely, trademarks and other intangible assets, net, have experienced a gradual decline, decreasing from $23.6 billion in 2021 to $21.4 billion in 2026, likely reflecting scheduled amortization.
- Noncurrent Asset Stability
- Total noncurrent assets grew from $96.2 billion in 2021 to $100.3 billion in 2026. While other noncurrent assets peaked in 2024 at $13.2 billion before settling at $12.2 billion in 2026, the overall noncurrent asset base remains the primary driver of the company's total asset value, maintaining a consistent proportion of the total balance sheet.