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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] FOR THE FISCAL YEAR ENDED JUNE 30, 2021, OR
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] for the transition period from _________ to _______________
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A.
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Full title of the plan and the address of the plan, if different from that of the issuer named below: The Procter & Gamble Savings Plan, c/o The Procter & Gamble Company, Two Procter & Gamble
Plaza, Cincinnati, Ohio 45202.
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B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: The Procter & Gamble Company, Two Procter & Gamble Plaza, Cincinnati, Ohio 45202
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Item 4.
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Plan Financial Statements and Schedules Prepared in Accordance with the Financial Reporting Requirements of ERISA.
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EXHIBITS:
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SIGNATURE
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Kyle Scheidler |
Group Manager
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The Procter & Gamble
Savings Plan
Employer ID No.: 31-0411980
Plan Number: 042 Financial Statements as of and for the
Years Ended June 30, 2021 and June 30, 2020, Supplemental Schedule as of June 30, 2021, and
Report of Independent Registered Public Accounting Firm
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TABLE OF CONTENTS | ||||
Page | ||||
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 3 | |||
FINANCIAL STATEMENTS: | ||||
Statements of Net Assets Available for Benefits as of June 30, 2021 and June 30, 2020 | 4 |
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Statements of Changes in Net Assets Available for Benefits for the Years Ended June 30, 2021 and June 30, 2020
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5 |
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Notes to Financial Statements as of and for the Years Ended June 30, 2021 and June 30, 2020 | 6-12 |
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SUPPLEMENTAL SCHEDULE - | 13 | |||
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of June 30, 2021 | 14 | |||
NOTE: |
All other schedules required by Section 2520.103-10 of the Department of Labor's Rules
and Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974 have been omitted because they are not applicable.
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THE PROCTER & GAMBLE SAVINGS PLAN
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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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AS OF JUNE 30, 2021 AND JUNE 30, 2020
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2021
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2020
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PARTICIPANT-DIRECTED INVESTMENTS — At
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fair value:
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The Procter & Gamble Company common stock
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$ 1,277,599,236
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$ 1,182,844,332
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The J.M. Smucker Company common stock
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1,547,843
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1,395,845
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Common collective trusts
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3,233,417,118
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2,473,472,841
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Total participant-directed investments — at fair value
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4,512,564,197
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3,657,713,018
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RECEIVABLES:
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Accrued investment income
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22,610
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85,507
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Notes receivable from participants
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18,134,975
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18,987,504
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Total receivables
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18,157,585
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19,073,011
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Total assets
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4,530,721,782
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3,676,786,029
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LIABILITIES —
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Accrued investment management expense
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210,260
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180,506
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Total liabilities
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210,260
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180,506
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NET ASSETS AVAILABLE FOR BENEFITS
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$ 4,530,511,522
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$ 3,676,605,523
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See notes to financial statements.
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THE PROCTER & GAMBLE SAVINGS PLAN
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STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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FOR THE YEARS ENDED JUNE 30, 2021 AND JUNE 30, 2020
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2021
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2020
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INVESTMENT INCOME:
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Net appreciation in fair value of investments
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$ 929,371,999
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$ 174,193,676
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Interest
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388,387
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3,005,657
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Dividends
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31,445,691
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30,981,088
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Total investment income — net
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961,206,077
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208,180,421
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INTEREST INCOME ON NOTES RECEIVABLE
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FROM PARTICIPANTS
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835,961
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977,962
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CONTRIBUTIONS:
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Employer contributions
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-
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382
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Employee contributions
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168,263,700
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148,469,019
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Employee rollovers
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7,957,436
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4,161,066
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Total contributions
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176,221,136
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152,630,467
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Total additions
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1,138,263,174
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361,788,850
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DEDUCTIONS:
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Benefits paid to participants
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282,257,748
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264,595,607
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Administrative expenses
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2,230,829
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2,127,716
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Total deductions
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284,488,577
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266,723,323
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NET INCREASE IN NET ASSETS
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PRIOR TO TRANSFER
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853,774,597
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95,065,527
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TRANSFERS FROM OTHER QUALIFIED PLANS — Net
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131,402
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137,202
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NET INCREASE IN NET ASSETS
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853,905,999
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95,202,729
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NET ASSETS AVAILABLE FOR BENEFITS:
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Beginning of year
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3,676,605,523
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3,581,402,794
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End of year
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$ 4,530,511,522
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$ 3,676,605,523
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See notes to financial statements.
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1.
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DESCRIPTION OF THE PLAN
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2.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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•
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Coronavirus-related distribution – ‘Qualified’ participants may take a coronavirus-related distribution of up to $100,000 from their Plan without a
10% early withdrawal penalty. Eligible distributions can be taken up to December 31, 2020. Coronavirus-related distributions may be repaid within three years.
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•
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Participant loans – ‘Qualified’ participants may elect to suspend loan repayments due through 12/31/2020. Repayments must resume in January, 2021. Loans will be reamortized to extend payoff
period by 1 year and will include accrued interest for suspension period.
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•
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Required minimum distributions (RMDs) – RMDs were temporarily suspended for 2020.
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3.
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FAIR VALUE MEASUREMENTS
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Fair Value Measurements
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Quoted Prices in Active Markets
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For Identical Assets
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2021
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2020
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Investments measured at Fair Value -
Common stock - Level 1
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$ 1,279,147,079
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$ 1,184,240,177
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Investments measured at NAV -
Common Collective Trusts
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3,233,417,118
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2,473,472,841
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Total
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$ 4,512,564,197
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$ 3,657,713,018
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4.
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EXEMPT PARTY‑IN‑INTEREST TRANSACTIONS
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5.
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PLAN TERMINATION
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6.
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FEDERAL INCOME TAX STATUS
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7.
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NON-EXEMPT PARTY-IN-INTEREST TRANSACTIONS
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8.
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RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
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2021
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2020
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Net assets available for benefits per the financial
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statements
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$ 4,530,511,522
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$ 3,676,605,523
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Less certain deemed distributions of participant loans
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(2,052,837)
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(2,015,920)
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Net assets available for benefits per the Form 5500
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$ 4,528,458,685
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$ 3,674,589,603
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Investment income on notes receivable from participants
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$ 835,961
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Less interest on deemed distribution
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(3,222)
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Interest on participant loans per the Form 5500
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$ 832,739
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Net increase in assets available for benefits per the financial
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statements prior to net transfers
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$ 853,774,597
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Plus previously deemed distribution of participant loans
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192,903
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Less certain deemed distributions of participant loans and related interest
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(229,820)
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Net income per the Form 5500
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$ 853,737,680
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Benefits paid to participants per the financial statements
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$ 282,257,748
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Less previously deemed distributions of participant loans
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(192,903)
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Plus current deemed distributions
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226,598
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Benefits paid to participants per the Form 5500
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$ 282,291,443
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THE PROCTER & GAMBLE SAVINGS PLAN
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FORM 5500, SCHEDULE H, PART IV, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)
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AS OF JUNE 30, 2021
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EIN: 31-0411980
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PLAN: 042
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Identity of Issuer
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Description of Investment
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Fair Value
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INVESTMENTS AT FAIR VALUE:
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The Procter & Gamble Company*
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Common stock
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$ 1,277,599,236
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The J.M. Smucker Company
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Common stock
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1,547,843
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Common Collective Trusts
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BlackRock*
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US Debt Index Non-Lendable Fund
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354,206,201
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BlackRock*
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ACWI EX-US Index Non-Lendable
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247,234,334
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BlackRock*
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Russell 2000
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440,932,877
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BlackRock*
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Global Equity Index Fund
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535,947,332
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BlackRock*
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Money Market Fund
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190,349,154
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BlackRock*
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MSCI ACWI EX-U.S. IMI Index Non-Lendable Fund F
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1,213,525,016
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State Street Global Advisors*
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SSgA US Short Term Government/Credit Bond Index
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97,328,095
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State Street Global Advisors*
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SSgA Real Return Ex-Natural Resources Equity Non-Lending Series Fund
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152,520,900
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Northern Trust*
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Short Term Investment Fund
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1,373,209
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Total Common Collective Trusts
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3,233,417,118
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Loans to participants*
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Various participants, interest rates ranging from
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4.21% to 10.5% various maturities through December 2030**
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16,082,138
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TOTAL INVESTMENTS
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$ 4,528,646,335
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* Denotes party-in-interest.
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** Net of loans deemed distributed of $2,052,837
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