Question

Proctor & Gamble companies complete 2017 annual report, including the notes to the financial statements, is available online. Please consult complete annual report when necessary.

1. Did P&G report any AFS investments or Trading investments in 2017? If, so, how much was the amount?

2. How were these investments accounted for in its financial statement… under which section?

3. Did the company report any net-of-tax unrealized gains or losses on these investments in 2017? If so, how much, and where in the financial statements was this amount reported?

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Answer 1

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1. Did P&G report any AFS investments or Trading investments in 2017? If, so, how much was the amount?

Yes. $ 9,568 millions.

2.

These were reported under "Investments" section.

In the words of P& G- Unrealized gains or losses on securities classified as available-for-sale are generally recorded in OCI. If an available-for-sale security is other than temporarily impaired, the loss is charged to either earnings or OCI depending on our intent and ability to retain the security until we recover the full cost basis and the extent of the loss attributable to the creditworthiness of the issuer. Investment securities are included as Available-for-sale investment securities and Other noncurrent assets in the Consolidated Balance Sheets.

3. Did the company report any net-of-tax unrealized gains or losses on these investments in 2017?

Yes. $ 59 millions. These are reported in OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX