• We tested the effectiveness of controls over indefinite lived intangible assets, including those over the determination of fair value, such as controls related to management’s development of forecasts of future net sales and earnings, and the selection of royalty rates and discount rate. • We evaluated management’s ability to accurately forecast net sales and earnings by comparing actual results to management’s historical forecasts. • We evaluated the reasonableness of management’s forecast of net sales and earnings by comparing the forecasts to: • Historical net sales and earnings. • Underlying analysis detailing business strategies and growth plans including consideration of the effects related to the COVID - 19 pandemic. • Internal communications to management and the Board of Directors. • Forecasted information included in Company press releases as well as in analyst and industry reports for the Company and certain of its peer companies. • With the assistance of our fair value specialists, we evaluated the net sales and earnings growth rates, royalty rates, and discount rate by: • Testing th e source information underlying the determination of net sales and earnings growth rates, royalty rates, and discount rate and the mathematical accuracy of the calculations. • Developing a range of independent estimates for the discount rate and comparing th e discount rate selected by management to that range. /s/ Deloitte & Touche LLP Cincinnati, Ohio August 5, 2022 We have served as the Company’s auditor since 1890. The Procter & Gamble Company 35