SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 14, 2006
THE PROCTER & GAMBLE COMPANY
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(Exact name of registrant as specified in its charter)
Ohio 1-434 31-0411980
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
One Procter & Gamble Plaza, Cincinnati, Ohio 45202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (513) 983-1100
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[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
This Form 8-K provides information on the change in the reporting structure of
The Procter & Gamble Company (the "Company") and the effects of this change on
the Company's historical segment results. The change in segment reporting will
be reflected retrospectively but in no way revises or restates the Consolidated
Statements of Earnings, Consolidated Balance Sheets, Consolidated Statements of
Shareholders' Equity or Consolidated Statements of Cash Flows for the Company
and consolidated subsidiaries for any period.
In April 2006, the Company announced a number of changes to certain key
leadership positions, which resulted in changes to its organization structure
and segment reporting. Specifically, Pet Health & Nutrition, which was formerly
part of the Health Care segment, became part of the Snacks and Coffee segment.
The balance of the Health Care segment was moved under the P&G Beauty Global
Business Unit (GBU), but will continue to be reported as a separate segment. In
addition, the commercial products group, which primarily sells products to
commercial end users, was moved from Snacks and Coffee to the Fabric Care and
Home Care segment. Finally, the Adult Incontinence business was moved from Baby
Care and Family Care to P&G Beauty. The balance of the Baby Care and Family Care
reporting segment was moved from the P&G Family Health GBU to the P&G Household
Care GBU and will continue to be reported as a separate reporting segment.
In conjunction with these changes, the P&G Beauty GBU was renamed "Beauty and
Health", the Snacks and Coffee reporting segment was renamed "Pet Health, Snacks
and Coffee", the P&G Household Care GBU was renamed "Household Care" and the
Family Health GBU was eliminated. The Company now operates with three Global
Business Units and seven reportable segments as summarized in the following
table:
GBU REPORTABLE SEGMENT
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Beauty and Health Beauty
Health Care
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Household Care Fabric Care and Home Care
Pet Health, Snacks and Coffee
Baby Care and Family Care
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Gillette GBU Blades and Razors
Duracell and Braun
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All financial statements, beginning in the quarter ending June 30, 2006, will
reflect the new segment reporting structure. This change in segment reporting
will be reflected on a retrospective basis, with prior years also adjusted to
reflect the new segment reporting structure. The Company is issuing this Form
8-K in order to provide investors with historical data that is on a basis
consistent with the Company's new segment reporting structure. Exhibits 99-1 and
99-2 provide quarterly business segment information for the nine months ended
March 31, 2006 and the fiscal year ended June 30, 2005, respectively. Exhibit
99-3 provides fiscal year financial summary data by reportable segment for the
2003, 2004 and 2005 fiscal years.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE PROCTER & GAMBLE COMPANY
/S/ SUSAN S. FELDER
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Susan S. Felder, Assistant Secretary
July 14, 2006
EXHIBIT(S)
Exhibit (99-1) Quarterly Business Segment Information for the Nine Months
Ended March 31, 2006
(99-2) Quarterly Business Segment Information for the Fiscal Year
Ended June 30, 2005
(99-3) Business Segment Fiscal Year Financial Summary (2003-2005)