NOTE 3 SUPPLEMENTAL FINANCIAL INFORMATION The components of property, plant and equipment were as follows: As of June 30 2022 2021 PROPERTY, PLANT AND EQUIPMENT Buildings $ 8,087 $ 8,165 Machinery and equipment 35,098 35,367 Land 756 808 Construction in progress 2,756 2,358 TOTAL PROPERTY, PLANT AND EQUIPMENT 46,697 46,698 Accumulated depreciation (25,502) (25,012) PROPERTY, PLANT AND EQUIPMENT, NET $ 21,195 $ 21,686 Selected components of current and noncurrent liabilities were as follows: As of June 30 2022 2021 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 3,878 $ 4,140 Compensation expenses 1,797 2,145 Taxes payable 587 637 Restructuring reserves 147 278 Leases 205 219 Other 2,940 3,104 TOTAL $ 9,554 $ 10,523 OTHER NONCURRENT LIABILITIES Pension benefits $ 3,139 $ 5,452 U.S. Tax Act transitional tax payable 1,661 1,891 Other retiree benefits 672 922 Uncertain tax positions 752 794 Long term operating leases 595 631 Other 797 579 TOTAL $ 7,616 $ 10,269 RESTRUCTURING PROGRAM The Company has historically incurred an ongoing annual level of restructuring - type activities to maintain a competitive cost structure, including manufacturing and workforce optimization. Before tax costs incurred under ongoing programs have generally ra nged from $250 to $500 annually. Restructuring costs incurred consist primarily of costs to separate employees, asset - related costs to exit facilities and other costs. Employee separation costs relate to severance packages that are primarily voluntary a nd the amounts calculated are based on salary levels and past service periods. Severance costs related to voluntary separations are generally charged to earnings when the employee accepts the offer. Asset - related costs consist of both asset write - downs a nd accelerated depreciation. Asset write - downs relate to the establishment of a new fair value basis for assets held - for - sale or for disposal. These assets are written down to the lower of their current carrying basis or amounts expected to be realized u pon disposal, less minor disposal costs. Charges for accelerated depreciation relate to long - lived assets that will be taken out of service prior to the end of their normal service period. These assets relate primarily to manufacturing consolidations and technology standardizations. The asset - related charges will not have a significant impact on future depreciation charges. Other restructuring - type charges primarily include asset removal and termination of contracts related to supply chain and overhead optimization. The Company incurred total restructuring charges of $253 and $330 for the years ended June 30, 2022 and 2021. Of the charges incurred for fiscal year 2022, $67 were recorded in SG&A, $182 in Costs of products sold and $4 in Other non - opera ting income, net. Of the charges incurred in fiscal year 2021, $176 were recorded in SG&A, $134 in Costs of products sold and $20 in Other non - operating income, net. The following table presents restructuring activity for the years ended June 30, 2022 an d 2021: Separations Asset - Related Costs Other Total RESERVE JUNE 30, 2020 $ 285 $ — $ 187 $ 472 Cost incurred and charged to expense 127 24 179 330 Cost paid/settled (236) (24) (264) (524) RESERVE JUNE 30, 2021 176 — 102 278 Cost incurred and charged to expense 88 87 78 253 Cost paid/settled (143) (87) (154) (384) RESERVE JUNE 30, 2022 $ 121 $ — $ 26 $ 147 46 The Procter & Gamble Company Amounts in millions of dollars except per share amounts or as otherwise specified.