Consolidated Balance Sheets Amounts in millions except stated values; As of June 30 2022 2021 Assets CURRENT ASSETS Cash and cash equivalents $ 7,214 $ 10,288 Accounts receivable 5,143 4,725 INVENTORIES Materials and supplies 2,168 1,645 Work in process 856 719 Finished goods 3,900 3,619 Total inventories 6,924 5,983 Prepaid expenses and other current assets 2,372 2,095 TOTAL CURRENT ASSETS 21,653 23,091 PROPERTY, PLANT AND EQUIPMENT, NET 21,195 21,686 GOODWILL 39,700 40,924 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 23,679 23,642 OTHER NONCURRENT ASSETS 10,981 9,964 TOTAL ASSETS $ 117,208 $ 119,307 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable $ 14,882 $ 13,720 Accrued and other liabilities 9,554 10,523 Debt due within one year 8,645 8,889 TOTAL CURRENT LIABILITIES 33,081 33,132 LONG - TERM DEBT 22,848 23,099 DEFERRED INCOME TAXES 6,809 6,153 OTHER NONCURRENT LIABILITIES 7,616 10,269 TOTAL LIABILITIES 70,354 72,653 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 843 870 Non - Voting Class B preferred stock, stated value $1 per share (200 shares authorized) — — Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2022 - 4,009.2, 2021 - 4,009.2) 4,009 4,009 Additional paid - in capital 65,795 64,848 Reserve for ESOP debt retirement (916) (1,006) Accumulated other comprehensive loss (12,189) (13,744) Treasury stock, at cost (shares held: 2022 - 1,615.4, 2021 - 1,579.5) (123,382) (114,973) Retained earnings 112,429 106,374 Noncontrolling interest 265 276 TOTAL SHAREHOLDERS' EQUITY 46,854 46,654 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 117,208 $ 119,307 The Procter & Gamble Company 39 See accompanying Notes to Consolidated Financial Statements.