Full Description

The Procter & Gamble Company (P&G), incorporated in 1905, is focused on providing branded consumer packaged goods. The Company’s products are sold in over 180 countries worldwide primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets. During the fiscal year ended June 30, 2009 (fiscal 2009), one product category accounted for 10% or more of consolidated net sales. The laundry category constituted approximately 17% of net sales during fiscal 2009. As of June 30, 2009, the Company was organized into three Global Business Units: Beauty; Health and Well-Being, and Household Care. The Company had six business segments under United States Generally Accepted Accounting Principles (GAAP): Beauty; Grooming; Health Care; Snacks and Pet Care; Fabric Care and Home Care, and Baby Care and Family Care. In October 2009, Warner Chilcott Plc completed the acquisition of the Company’s global branded prescription pharmaceutical business.

In August 2009, AnimalScan, LLC announced that it has acquired Iams Pet Imaging (IPI), LLC from The Procter & Gamble Company and ProScan Imaging. In November 2008, the Company completed the divestiture of its Coffee business through the merger of its Folgers coffee subsidiary into The J.M. Smucker Company (Smucker).

The Company’s customers include mass merchandisers, grocery stores, membership club stores, drug stores and high-frequency stores. Sales to Wal-Mart Stores, Inc. and its affiliates represent approximately 15% of its total revenue during fiscal 2009. No other customer represents more than 10% of its net sales. The Procter & Gamble Company’s top 10 customers account for approximately 30% of its total unit volume during fiscal 2009.

Beauty

In skin care, the Company’s primary brand is Olay, which is the facial skin care retail brand. It also operates in fragrances market, through its Gucci, Hugo Boss and Dolce & Gabbana fragrance brands. The beauty segment consists of blades and razors, face and shave preparation products (such as shaving cream), electric hair removal devices and small household appliances. The Company’s electric hair removal devices and small home appliances are sold under the Braun brand in a number of markets worldside. Its primary focus in this area is in electric hair removal devices, such as electric razors and epilators.

Health and Well-Being

In the healthcar5e market the Company treats osteoporosis under the Actonel pharmaceuticals brand. In personal health, it operates through non-prescription heartburn medications and in respiratory treatments with Prilosec OTC and Vicks, respectively. In snacks and per care, the Company operates through its Pringles, Iams and Eukanuba brands. The vast majority of its pet care business is in North America.

Household Care

This segment consists of a variety of fabric care products, including laundry cleaning products and fabric conditioners; home care products, including dish care, surface cleaners and air fresheners, and batteries. The Company’s family care business is predominantly a North American business comprised primarily of the Bounty paper towel and Charmin toilet tissue brands.