Risk Sleuth
PG · 10-K filed 4 Aug 2026 · year to 30 Jun 2026

Procter & Gamble

21 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Customers

Walmart Inc.

earns from · approximately 16% of our total sales
Sales to Walmart Inc. and its affiliates represent approximately 16% of our total sales in 2026, 2025 and 2024.Business (Item 1)

Also named by CAG, CALM, CHD, CL, CPB, GIS, HAS, HRL and 9 more

Top ten customers

concentrated in · approximately 43% of our total net sales
Our top ten customers accounted for approximately 43% of our total net sales in 2026 and 2025 and 42% in 2024.Business (Item 1)

Also named by BGC, CBOE, CVLG, ENTG, FBIN, HUBB, LPX, MEDP and 9 more

Suppliers

Single-source suppliers

depends onnamed as a risk
Almost all of the raw and packaging materials used by the Company are purchased from third parties, some of whom are single-source suppliers.Business (Item 1)

Also named by ACHR, AMAT, BAX, BSX, BWXT, CL, DOV, EL and 11 more

Sole supplier and sole manufacturing plant arrangements

depends onnamed as a risk
Our ability to meet our customers’ needs and achieve cost targets depends on our ability to maintain key manufacturing and supply arrangements, including execution of supply chain optimizations and certain sole supplier or sole manufacturing plant arrangements.Risk factors (Item 1A)

Partners and platforms

Top-tier banking partners

depends onnamed as a risk
In addition, we rely on top-tier banking partners in key markets around the world, who themselves face economic, societal, reputational, political and other risks, for access to credit and to facilitate collection, payment and supply chain finance programs.Risk factors (Item 1A)

Competitors

Retailer private-label brands

competes withnamed as a risk
In many of the markets and industry segments, we compete against other branded products as well as retailers' private-label brands.Business (Item 1)

Also named by MDLZ

Places

Markets outside the United States

earns from · more than 50% of our annual net salesnamed as a risk
We hold assets, incur liabilities, generate sales and pay expenses in a variety of currencies other than the U.S. dollar, and our operations outside the U.S. generate more than 50% of our annual net sales.Risk factors (Item 1A)

Russia

operates innamed as a risk
We may reduce further or discontinue our operations in Russia due to significant and cumulative sanctions and export controls and counter-sanctions, monetary, currency or payment controls, restrictions on data transfers or access to financial institutions and services, supply and transportation challenges or other circumstances and considerations.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

Middle East

named as a risk
The conflict in the Middle East could also adversely impact our financial results and operations due to, for example, volatility in global energy markets, supply chain disruptions, inflationary pressures or trade restrictions.Risk factors (Item 1A)

Also named by BKR, CAG, CINF, CPB, CTAS, FLS, GAIN, J and 10 more

Hazards

Russia-Ukraine war

named as a risk
For example, the ongoing war between Russia and Ukraine has negatively impacted, and the situation it generates may continue to negatively impact, our operations.Risk factors (Item 1A)

Also named by ADSK, ATR, AVAV, CSCO, CTVA, EMR, FIS, FLO and 21 more

Commodities and inputs

Natural gas

exposed to its pricenamed as a risk
In addition, fuel, natural gas and derivative products are important commodities consumed in our manufacturing processes and in the transportation of input materials and finished products.Business (Item 1)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Euro

exposed to its pricenamed as a risk
The maturity cash outflows of foreign currency debt and derivative instruments could be adversely impacted by significant appreciation of foreign currency exchange rates (particularly the Euro), which could impact our overall cash flows and interest expense.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Resins

exposed to its pricenamed as a risk
Our costs are subject to fluctuations, particularly due to changes in the prices of commodities (including certain petroleum-derived materials like resins and paper-based materials like pulp), raw and packaging materials and the costs of labor, tariffs, transportation (including trucks and containers), energy, pensions and healthcare.Risk factors (Item 1A)

Also named by BAX, BDX, CL, FBIN, ITW, JOUT, KVUE, PPG and 2 more

Pulp

exposed to its pricenamed as a risk
Our costs are subject to fluctuations, particularly due to changes in the prices of commodities (including certain petroleum-derived materials like resins and paper-based materials like pulp), raw and packaging materials and the costs of labor, tariffs, transportation (including trucks and containers), energy, pensions and healthcare.Risk factors (Item 1A)

Also named by CL, KMB, KVUE

Regulators

U.S. Food and Drug Administration (FDA)

subject to
In the United States, many of our products and manufacturing operations are subject to one or more federal or state regulatory agencies, including the U.S. Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the Federal Trade Commission (FTC) and the Consumer Product Safety Commission (CPSC).Business (Item 1)

Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more

Environmental Protection Agency (EPA)

subject to
In the United States, many of our products and manufacturing operations are subject to one or more federal or state regulatory agencies, including the U.S. Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the Federal Trade Commission (FTC) and the Consumer Product Safety Commission (CPSC).Business (Item 1)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

Consumer Product Safety Commission (CPSC)

subject to
In the United States, many of our products and manufacturing operations are subject to one or more federal or state regulatory agencies, including the U.S. Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the Federal Trade Commission (FTC) and the Consumer Product Safety Commission (CPSC).Business (Item 1)

Also named by ASO, AXON, BBW, CHD, DORM, GNRC, HAS, KVUE and 8 more

Laws and programs

OECD Pillar Two

subject to · 15%named as a risk
As the Pillar Two global minimum tax and other tax laws and related regulations are revised, enacted and implemented, a material impact to our financial condition, results of operations, cash flows or effective tax rate may occur.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

Tariffs

subject tonamed as a risk
Moreover, discriminatory or conflicting fiscal or trade policies in different countries, including changes to tariffs and existing trade policies and agreements, have and could adversely affect our results.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

Plastic packaging regulation

subject tonamed as a risk
Our business is subject to a wide variety of laws, regulations, policies and related interpretations across the countries in which we do business, including those laws and regulations involving intellectual property, product liability, product composition or formulation (including requirements related to ingredients or other substances present in products), manufacturing processes, packaging content or corporate responsibility for packaging and product disposal (including plastics and other petroleum-based materials), marketing, antitrust and competition, privacy, cybersecurity, data protection and data transfers, AI, environmental (including increasing focus on the climate, nature, water and waste impacts of consumer packaged goods companies' operations and products), employment, healthcare, anti-bribery and anti-corruption (including interactions with health care professionals and government officials as well as corresponding internal controls and record-keeping requirements), trade (including tariffs, sanctions and export controls), tax, accounting and financial reporting or other matters.Risk factors (Item 1A)

One Big Beautiful Bill Act (2025 U.S. Tax Act)

subject to
We do not anticipate the 2025 U.S. Tax Act to have a material impact to our financial condition, results of operations, cash flows or effective tax rate.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more