Proctor and Gamble 2015 Annual Report Download - page 71

69 The Procter & Gamble Company
Amounts in millions of dollars except per share amounts or as otherwise specified.
ongoing matters for which we have accrued liabilities may
result in fines or costs in excess of the amounts reserved, it is
difficult to estimate such amounts at this time. Currently,
however, we do not expect any such incremental losses to
materially impact our financial statements in the periods in
which they are accrued and paid, respectively.
ith respect to other litigation and claims, while considerable
uncertainty exists, in the opinion of management and our
counsel, the ultimate resolution of the various lawsuits and
claims will not materially affect our financial position, results
of operations or cash flows.
e are also subject to contingencies pursuant to environmental
laws and regulations that in the future may require us to take
action to correct the effects on the environment of prior
manufacturing and waste disposal practices. ased on
currently available information, we do not believe the ultimate
resolution of environmental remediation will have a material
effect on our financial position, results of operations or cash
flows.
 
SEGMENT INFORMATION
Our Global usiness Units (GUs) are organized into four
industry-based sectors, comprised of 1) Global eauty, 2)
Global Health and Grooming, 3) Global Fabric and Home Care
and 4) Global aby, Feminine and Family Care. The Company
completed the divestiture of its Pet Care business during the
current fiscal year. On November 13, 2014, the Company
announced that it plans to divest the atteries business via a
transaction with erkshire Hathaway. The Company expects
to complete the atteries transaction in the beginning of
calendar year 2016, pending necessary regulatory approvals.
These GUs are reported as discontinued operations for all
periods presented (see Note 13).
Under U.S. GAAP, the remaining GUs underlying the four
sectors are aggregated into five reportable segments: 1) eauty,
Hair and Personal Care, 2) Grooming, 3) Health Care, 4) Fabric
Care and Home Care and 5) aby, Feminine and Family Care.
Our five reportable segments are comprised of:
 eaty air ad ersoal are: Skin and Personal Care
(Antiperspirant and Deodorant, Personal Cleansing, Skin
Care) Cosmetics Hair Care and Color Prestige (SKII,
Fragrances) Salon Professional
 roomi: Shave Care (Female lades & Razors, Male
lades & Razors, Pre- and Post-Shave Products, Other
Shave Care) Electronic Hair Removal
 ealth are: Personal Health Care (Gastrointestinal,
Rapid Diagnostics, Respiratory, itaminsMinerals
Supplements, Other Personal Health Care) Oral Care
(Toothbrush, Toothpaste, Other Oral Care)
 Faric are ad ome are: Fabric Care (Laundry
Additives, Fabric Enhancers, Laundry Detergents) Home
Care (Air Care, Dish Care, Surface Care, P&G
Professional) and
 ay Femiie ad Family are: aby Care (aby
ipes, Diapers and Pants) Feminine Care (Adult
Incontinence, Feminine Care) Family Care (Paper
Towels, Tissues, Toilet Paper).
The accounting policies of the segments are generally the same
as those described in Note 1. Differences between these
policies and U.S. GAAP primarily reflect income taxes, which
are reflected in the segments using applicable blended statutory
rates. Adjustments to arrive at our effective tax rate are
included in Corporate.
Corporate includes certain operating and non-operating
activities that are not reflected in the operating results used
internally to measure and evaluate the businesses, as well as
items to adjust management reporting principles to U.S. GAAP.
Operating activities in Corporate include the results of
incidental businesses managed at the corporate level.
Operating elements also include certain employee benefit
costs, the costs of certain restructuring-type activities to
maintain a competitive cost structure, including manufacturing
and workforce optimization and other general Corporate items.
The non-operating elements in Corporate primarily include
interest expense, certain acquisition and divestiture gains and
interest and investing income.
Total assets for the reportable segments include those assets
managed by the reportable segment, primarily inventory, fixed
assets and intangible assets. Other assets, primarily cash,
accounts receivable, investment securities and goodwill, are
included in Corporate.
Our business units are comprised of similar product categories.
Nine business units individually accounted for 5 or more of
consolidated net sales as follows:
 of Sales  Business Unit
Years ended une 0 2015 2014 201
Fabric Care 20 21 21
aby Care 14 14 13
Hair Care and Color 11 11 12
Shave Care 9 9 9
Home Care  8 8
Family Care  7 7
Oral Care  7 7
Feminine Care  6 6
Skin and Personal Care  6 6
ll ther  11 11
TOTAL 100 100 100
  of sales by business unit excludes sales held in Corporate.
The Company had net sales in the U.S. of $28.3 billion, $28.3
billion and $28.1 billion for the years ended June 30, 2015,
2014 and 2013, respectively. Long-lived assets in the U.S.
totaled $8.4 billion and $8.7 billion as of June 30, 2015 and
2014, respectively. Long-lived assets consists of property,
plant and equipment. No other country's net sales or long-lived
assets exceed 10 of the Company totals.
Our largest customer, al-Mart Stores, Inc. and its affiliates,
accounted for approximately 14 of consolidated net sales in
2015, 2014 and 2013.