PROCTER & GAMBLE Co Debt Disclosure
| As of June 30 | 2025 | 2024 | |||||||||
| DEBT DUE WITHIN ONE YEAR | |||||||||||
| Current portion of long-term debt | $ | 5,377 | $ | 3,838 | |||||||
| Commercial paper | 4,108 | 3,327 | |||||||||
| Other | 27 | 26 | |||||||||
| TOTAL | $ | 9,513 | $ | 7,191 | |||||||
Weighted average interest rate of debt due within one year (1) | 3.0 | % | 3.7 | % | |||||||
| As of June 30 | 2025 | 2024 | |||||||||
| LONG-TERM DEBT | |||||||||||
0.50% EUR note due October 2024 | $ | — | $ | 534 | |||||||
0.63% EUR note due October 2024 | — | 855 | |||||||||
0.55% USD note due October 2025 | 1,000 | 1,000 | |||||||||
4.10% USD note due January 2026 | 650 | 650 | |||||||||
2.70% USD note due February 2026 | 600 | 600 | |||||||||
1.00% USD note due April 2026 | 1,000 | 1,000 | |||||||||
3.25% EUR note due August 2026 | 762 | 695 | |||||||||
2.45% USD note due November 2026 | 875 | 875 | |||||||||
1.90% USD note due February 2027 | 1,000 | 1,000 | |||||||||
2.80% USD note due March 2027 | 500 | 500 | |||||||||
4.88% EUR note due May 2027 | 1,172 | 1,069 | |||||||||
2.85% USD note due August 2027 | 750 | 750 | |||||||||
3.95% USD note due January 2028 | 600 | 600 | |||||||||
3.15% EUR note due April 2028 | 762 | 695 | |||||||||
1.20% EUR note due October 2028 | 937 | 855 | |||||||||
4.35% USD note due January 2029 | 600 | 600 | |||||||||
1.80% GBP note due May 2029 | 514 | 474 | |||||||||
4.15% USD note due October 2029 | 500 | — | |||||||||
1.25% EUR note due October 2029 | 586 | 534 | |||||||||
3.00% USD note due March 2030 | 1,500 | 1,500 | |||||||||
4.05% USD note due May 2030 | 700 | — | |||||||||
0.35% EUR note due May 2030 | 586 | 534 | |||||||||
1.20% USD note due October 2030 | 1,250 | 1,250 | |||||||||
1.95% USD note due April 2031 | 1,000 | 1,000 | |||||||||
3.25% EUR note due August 2031 | 762 | 695 | |||||||||
2.30% USD note due February 2032 | 850 | 850 | |||||||||
4.05% USD note due January 2033 | 850 | 850 | |||||||||
4.55% USD note due January 2034 | 750 | 750 | |||||||||
3.20% EUR note due April 2034 | 996 | 909 | |||||||||
4.55% USD note due October 2034 | 500 | — | |||||||||
4.60% USD note due May 2035 | 550 | — | |||||||||
5.55% USD note due March 2037 | 716 | 716 | |||||||||
1.88% EUR note due October 2038 | 586 | 534 | |||||||||
3.55% USD note due March 2040 | 516 | 516 | |||||||||
0.90% EUR note due November 2041 | 703 | 641 | |||||||||
| All other long-term debt | 4,749 | 5,076 | |||||||||
| Current portion of long-term debt | (5,377) | (3,838) | |||||||||
| TOTAL | $ | 24,995 | $ | 25,269 | |||||||
Weighted average interest rate of long-term debt (1) | 3.3% | 3.2% | |||||||||
| Fiscal years ending June 30 | 2026 | 2027 | 2028 | 2029 | 2030 | ||||||||||||
| Debt maturities | $5,377 | $4,606 | $2,142 | $2,027 | $3,996 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 4, 2025 | Showing above |
| 2024 | Aug 5, 2024 | |
| 2023 | Aug 4, 2023 | |
| 2022 | Aug 5, 2022 | |
| 2021 | Aug 6, 2021 | |
| 2020 | Aug 6, 2020 | |
| 2019 | Aug 6, 2019 | |
| 2018 | Aug 7, 2018 | |
| 2017 | Aug 7, 2017 | |
| 2016 | Aug 9, 2016 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.