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.

Procter & Gamble Co., consolidated balance sheet: assets

US$ in millions

	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash and cash equivalents	9,942)	9,556)	9,482)	8,246)	7,214)	10,288)
Accounts receivable	6,056)	6,185)	6,118)	5,471)	5,143)	4,725)
Inventories	8,170)	7,551)	7,016)	7,073)	6,924)	5,983)
Prepaid expenses and other current assets	2,040)	2,100)	2,093)	1,858)	2,372)	2,095)
Current assets	26,208)	25,392)	24,709)	22,648)	21,653)	23,091)
Property, plant and equipment, net	25,360)	23,897)	22,152)	21,909)	21,195)	21,686)
Goodwill	41,276)	41,650)	40,303)	40,659)	39,700)	40,924)
Trademarks and other intangible assets, net	21,444)	21,910)	22,047)	23,783)	23,679)	23,642)
Other noncurrent assets	12,233)	12,382)	13,159)	11,830)	10,981)	9,964)
Noncurrent assets	100,313)	99,839)	97,661)	98,181)	95,555)	96,216)
Total assets	126,521)	125,231)	122,370)	120,829)	117,208)	119,307)

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.

Procter & Gamble Co. (NYSE:PG)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items