On the Record · Procter & Gamble
Procter & Gamble acquisitions, on the record
The businesses Procter & Gamble bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Beauty Brands (Coty)Word for word“While we believe our tax positions will be sustained, the final outcome of tax audits and related litigation, including maintaining our intended tax treatment of divestiture transactions such as the fiscal 2017 Beauty Brands transaction with Coty, may differ materially from the tax amounts recorded in our Consolidated Financial Statements, which could adversely impact our results of operations and cash flows.” 10-K for 2023 | divestiture | fiscal 2017 | — |
minor brandsWord for word“Other non-operating income increased $98 million to $668 million due primarily to a prior year unrealized loss on equity investments and a current year gain on divestiture of minor brands.” 10-K for 2023 | divestiture | — | — |
a Beauty acquisitionWord for word“Acquisition activity used cash of $765 million in 2023, primarily related to a Beauty acquisition.” 10-K for 2023 | acquisition | 2023 | $765 million |
Farmacy Beauty, Ouai and TULAWord for word“Goodwill decreased during fiscal 2022 due to currency translation across all reportable segments, partially offset by three acquisitions (Farmacy Beauty, Ouai and TULA) in the Beauty reportable segment.” 10-K for 2023 | acquisition | fiscal 2022 | — |
business in ArgentinaWord for word“On July 1, 2024, the Company completed the divestiture of its business in Argentina.” 10-K for 2024 | divestiture | July 1, 2024 | — |
The Gillette CompanyWord for word“During the fiscal year ended June 30, 2024, the Company recorded a $1.3 billion before tax ($1.0 billion after tax) non-cash impairment charge on an indefinite-lived intangible asset acquired as part of the Company’s 2005 acquisition of The Gillette Company.” 10-K for 2025 | acquisition | 2005 | — |
Beauty Brands (to Coty)Word for word“While we believe our tax positions will be sustained, the final outcome of tax audits and related litigation, including maintaining our intended tax treatment of divestiture transactions such as the fiscal 2017 Beauty Brands transaction with Coty, may differ materially from the tax amounts recorded in our Consolidated Financial Statements, which could adversely impact our results of operations and cash flows.” 10-K for 2025 | divestiture | fiscal 2017 | — |
ThorneWord for word“On August 4, 2026, the Company entered into an agreement to acquire Thorne, a premium wellness and supplement brand in the vitamins, minerals and supplements category for $3.8 billion.” 10-K for 2026 | agreed acquisition | On August 4, 2026 | $3.8 billion |
a minor acquisition within Health CareWord for word“Goodwill decreased during fiscal 2026 primarily due to currency translation across all reportable segments, partially offset by a minor acquisition within Health Care.” 10-K for 2026 | acquisition | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-06-30 | $186 million |
| 2017-06-30 | $16 million |
| 2018-06-30 | $109 million |
| 2019-06-30 | $3.94 billion |
| 2020-06-30 | $58 million |
| 2021-06-30 | $34 million |
| 2022-06-30 | $1.38 billion |
| 2023-06-30 | $765 million |
| 2024-06-30 | $21 million |
| 2025-06-30 | $11 million |
Read from Procter & Gamble’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-08-04. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.