UNITED
STATES
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)
|
September 25, 2007 |
|
THE
PROCTER & GAMBLE COMPANY
|
|
(Exact
name
of registrant as specified in its
charter)
|
|
Ohio
|
1-434
|
31-0411980
|
||
|
(State
or
other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
Number)
|
|
One
Procter
& Gamble Plaza, Cincinnati, Ohio
|
45202
|
|
|
(Address
of
principal executive offices)
|
Zip
Code
|
|
(513)
983-1100
|
45202
|
|
|
(Registrant's
telephone number, including area code)
|
Zip
Code
|
|
o
|
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 a summary of 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.
Fiscal
Year
2008 Changes to Global Business Unit (GBU) Structure
In
May 2007, the Company announced a number of changes to our organization
structure and certain of our key leadership positions that became effective
on
July 1, 2007. These resulted in changes to our GBU and segment structure.
Specifically, our new structure is comprised of three GBUs with a total
of six
reportable segments:
|
Global
Business Unit (GBU)
|
Reportable
Segment
|
|
Beauty
|
· Beauty
· Grooming
|
|
Health
and Well-Being
|
· Health
Care
· Snacks,
Coffee and Pet Care
|
|
Household
Care
|
· Fabric
Care and Home Care
· Baby
Care and Family Care
|
Prior
to July 1,
2007, the Company consisted of three Global Business Units: Beauty and
Health;
Household Care; and Gillette GBU. The businesses that previously comprised
the
Gillette GBU are now included within the Beauty and Household Care GBUs.
As a
result of these moves, the Duracell and Braun business will no longer
comprise a
separate reportable segment. The Braun business has been combined and
is being
managed with the Blades and Razors business to form the Grooming reportable
segment within the Beauty GBU. The Grooming reportable segment also includes
all
face and shave prep products, previously reported within the Beauty reportable
segment. The Duracell business has been moved to our Household Care GBU
and will
be reported as part of our Fabric Care and Home Care reportable segment.
Finally, our feminine care business, which previously was part of our
Beauty GBU
and reportable segment, is now being managed within our Health and Well-Being
GBU and will be reported as part of the Health Care reportable segment.
These
changes were
effective as of July 1, 2007. All financial statements, beginning in
the quarter
ending September 30, 2007, 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
summary
financial information and historical data that is on a basis consistent
with the
Company’s new segment reporting structure. Exhibit 99.1 provides quarterly
financial summary information by reportable segment for the fiscal year
ended
June 30, 2007. Exhibit 99.2 provides fiscal year financial summary information
by reportable segment for the fiscal years ended June 30, 2005, 2006
and 2007.
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
BY:
/s/
E. J. WUNSCH
E.
J.
Wunsch
Assistant
Secretary
September
25,
2007
EXHIBIT(S)
99.1. Quarterly
Segment Financial Summary Information- Fiscal Year Ended June 30,
2007
99.2. Annual
Segment Financial Summary Information (Fiscal Years Ended June 30, 2005 -
2007)