Procter & Gamble (PG) risk factors: FY2026 10-K

1. Our business is subject to numerous risks as a result of having significant operations and sales in international markets, including foreign currency fluctuations, currency exchange or pricing controls.
2. Uncertain economic or social conditions may adversely impact demand for our products or cause our customers and other business partners to suffer financial hardship, which could adversely impact our business.
3. Changing political and geopolitical conditions could adversely impact our business and financial results.
4. Disruptions in credit markets or to our banking partners or changes to our credit ratings may reduce our access to credit or overall liquidity.

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1. Our business results depend on our ability to manage disruptions in our global supply chain.
2. Our businesses face cost fluctuations and pressures that could affect our results.
3. The ability to achieve our business objectives depends on how well we can compete with our local and global competitors in new and existing markets and channels.
4. A significant change in customer relationships or in customer demand for our products could have a significant impact on our business.
5. If the reputation of the Company or one or more of our brands erodes significantly, it could have a material impact on our financial results.
6. We rely on third parties in many aspects of our business, which creates additional risk.
7. A significant information security or operational technology incident, including a cybersecurity incident, or the failure of one or more key information or operations technology systems, networks, hardware, processes and/or associated sites involving the Company or one of its service providers could have a material adverse impact on our business or reputation.Cybersecurity

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1. Our ability to meet our growth targets depends on successful product, marketing and operations innovation and successful responses to competitive innovation, evolving digital marketing and selling platforms and changing consumer habits.
2. We must successfully manage ongoing acquisition, joint venture and divestiture activities.
3. Our business results depend on our ability to successfully manage productivity improvements and ongoing organizational change, including attracting, developing and retaining key talent as part of our overall succession planning.reworded

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1. We must successfully manage compliance with current and expanding laws and regulations, as well as manage new and pending legal and regulatory matters in the U.S. and abroad.
2. Changes in applicable tax laws and regulations and resolutions of tax disputes could negatively affect our financial results.

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Headings in the FY2025 10-K with no match this year.

1. We must successfully manage the demand, supply and operational challenges associated with the effects of any future disease outbreak, including epidemics, pandemics or similar widespread public health concerns.