PROCTER & GAMBLE Co 10-K form for the fiscal year ended 2024-06-30, page 2: 
2 The Procter & Gamble Company


Government Regulation. Our Company is subject to a wide variety of laws and regulations across the countries in which we do business. In the United States, many of our products and manufacturing operations are subject to one or more federal or state regulatory agencies, including the U.S. Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the Federal Trade Commission (FTC) and the Consumer Product Safety Commission (CPSC). We are also subject to anti-corruption laws and regulations, such as the U.S. Foreign Corrupt Practices Act, and antitrust and competition laws and regulations that govern our dealings with suppliers, customers, competitors and government officials. 
In addition, many foreign jurisdictions in which we do business have regulations and regulatory bodies that govern similar aspects of our operations and products, in some cases to an even more significant degree. We are also subject to expanding laws and regulations related to environmental protection and other sustainability-related matters, non-financial reporting and diligence, labor and employment, trade, taxation and privacy and data protection, including the European Union's General Data Protection Regulation and similar regulations in states within the United States and in countries around the world.
The Company has in place compliance programs and internal and external experts to help guide our business in complying with these and other existing laws and regulations that apply to us around the globe; and we have made, and plan to continue making, necessary expenditures for compliance with these laws and regulations. We also expect that our many suppliers, consultants and other third parties working on our behalf share our commitment to compliance, and we have policies and procedures in place to manage these relationships, though they inherently involve a lesser degree of control over operations and governance. We do not expect that the Company's expenditures for compliance with current government regulations, including current environmental regulations, will have a material effect on our total capital expenditures, earnings or competitive position in fiscal year 2025 as compared to prior periods.
Human Capital. Our employees are a key source of competitive advantage. Their actions, guided by our Purpose, Values and Principles (PVPs), are critical to the long-term success of our business. We aim to retain our talented employees by offering competitive compensation and benefits, strong career development and a respectful and inclusive culture that provides equal opportunity for all. 
Our Board of Directors, through the Compensation and Leadership Development Committee (C&LD Committee), provides oversight of the Company's policies and strategy relating to talent, including equality and inclusion, as well as the Company's compensation principles and practices. The C&LD Committee also evaluates and approves the Company's compensation plans, policies and programs applicable to our senior executives.

Employees

As of June 30, 2024, the Company had approximately 108,000 employees, unchanged versus the prior year. The total number of employees is an estimate of total Company employees excluding interns, co-ops, contractors and employees of joint ventures. 48% of our employees are in manufacturing roles and 28% of our employees are located in the United States. 42% of our global employees are women and 32% of our U.S. employees identify as multicultural.

Training and Development

We focus on attracting, developing and retaining the widest pool of talent available, both from universities and the broader market. We recruit from universities across markets in which we compete and are generally able to select from the top talent. We focus on developing our employees by providing a variety of job experiences, training programs and skill development opportunities. Given our develop-from-within model for staffing most of our senior leadership positions, it is particularly important for us to ensure holistic growth and full engagement of our employees. 

Diversity, Equality and Inclusion

As a consumer products company, we believe that it is important for our workforce to reflect the diversity of our consumers worldwide. We also seek to foster an inclusive work environment where each individual can bring their authentic self, which helps drive innovation and enables us to better serve our consumers. We aspire to achieve equal gender representation globally and at key management and leadership levels. Within the U.S. workforce, our aspiration is to achieve 40% multicultural representation overall as well as at management and leadership levels. 

Compensation and Benefits

Market-competitive compensation and reward programs are critical elements of our employee value equation to attract and retain the best talent. Our total rewards programs are based on the principles of paying for performance, paying competitively versus peer companies that we compete with for talent in the marketplace and focusing on long-term success through a combination of short-term and long-term incentive programs. We also offer competitive benefit programs, including retirement plans and health insurance, in line with local country practices, with flexibility to accommodate the needs of a diverse workforce.
Sustainability. Environmental sustainability is integrated into our business strategy. We are focused on designing and manufacturing irresistibly superior products that are more sustainable. We aim to reduce our own environmental footprint and enable our consumers to reduce their footprint without compromising on the performance of the products they use. We develop and license technologies that can be used across industries to improve environmental sustainability at a broader scale. 


, PROCTER & GAMBLE Co 10-K form for the fiscal year ended 2024-06-30, page 36: 
36 The Procter & Gamble Company



Consolidated Statements of Earnings
|    |                                                                          |        |        |      |        |      |        |        |    |        |
|---:|:-------------------------------------------------------------------------|:-------|:-------|:-----|:-------|:-----|:-------|:-------|:---|:-------|
|  1 | Amounts in millions except per share amounts; fiscal years ended June 30 | 2024   |        | 2023 |        | 2022 |        |        |    |        |
|  2 | NET SALES                                                                | $      | 84,039 |      |        | $    | 82,006 |        | $  | 80,187 |
|  3 | Cost of products sold                                                    | 40,848 |        |      | 42,760 |      |        | 42,157 |    |        |
|  4 | Selling, general and administrative expense                              | 23,305 |        |      | 21,112 |      |        | 20,217 |    |        |
|  5 | Indefinite-lived intangible asset impairment charge                      | 1,341  |        |      | -      |      |        | -      |    |        |
|  6 | OPERATING INCOME                                                         | 18,545 |        |      | 18,134 |      |        | 17,813 |    |        |
|  7 | Interest expense                                                         | (925)  |        |      | (756)  |      |        | (439)  |    |        |
|  8 | Interest income                                                          | 473    |        |      | 307    |      |        | 51     |    |        |
|  9 | Other non-operating income, net                                          | 668    |        |      | 668    |      |        | 570    |    |        |
| 10 | EARNINGS BEFORE INCOME TAXES                                             | 18,761 |        |      | 18,353 |      |        | 17,995 |    |        |
| 11 | Income taxes                                                             | 3,787  |        |      | 3,615  |      |        | 3,202  |    |        |
| 14 | NET EARNINGS                                                             | 14,974 |        |      | 14,738 |      |        | 14,793 |    |        |
| 15 | Less: Net earnings attributable to noncontrolling interests              | 95     |        |      | 85     |      |        | 51     |    |        |
| 16 | NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE                            | $      | 14,879 |      |        | $    | 14,653 |        | $  | 14,742 |
| 18 | NET EARNINGS PER COMMON SHARE (1)                                        |        |        |      |        |      |        |        |    |        |
| 19 | Basic                                                                    | $      | 6.18   |      |        | $    | 6.07   |        | $  | 6.00   |
| 23 | Diluted                                                                  | $      | 6.02   |      |        | $    | 5.90   |        | $  | 5.81   |
(1)Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.

Consolidated Statements of Comprehensive Income
|    |                                                                                                                     |        |        |      |        |      |        |         |    |        |
|---:|:--------------------------------------------------------------------------------------------------------------------|:-------|:-------|:-----|:-------|:-----|:-------|:--------|:---|:-------|
|  1 | Amounts in millions; fiscal years ended June 30                                                                     | 2024   |        | 2023 |        | 2022 |        |         |    |        |
|  2 | NET EARNINGS                                                                                                        | $      | 14,974 |      |        | $    | 14,738 |         | $  | 14,793 |
|  3 | OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX                                                                       |        |        |      |        |      |        |         |    |        |
|  4 | Foreign currency translation (net of tax (benefit)/expense of $66, $(197) and $515, respectively)                   | (226)  |        |      | (71)   |      |        | (1,450) |    |        |
|  5 | Unrealized gains/(losses) on investment securities(net of tax (benefit)/expense of $(1), $(2) and $1, respectively) | (3)    |        |      | (7)    |      |        | 5       |    |        |
|  6 | Unrealized gains on defined benefit postretirement plans(net of tax expense of $230, $9 and $1,022, respectively)   | 546    |        |      | 40     |      |        | 2,992   |    |        |
|  7 | TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX                                                                 | 317    |        |      | (38)   |      |        | 1,547   |    |        |
|  8 | TOTAL COMPREHENSIVE INCOME                                                                                          | 15,291 |        |      | 14,700 |      |        | 16,340  |    |        |
|  9 | Less: Comprehensive income attributable to noncontrolling interests                                                 | 92     |        |      | 78     |      |        | 43      |    |        |
| 10 | TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE                                                         | $      | 15,199 |      |        | $    | 14,622 |         | $  | 16,297 |

See accompanying Notes to Consolidated Financial Statements. 







Question: What is Procter & Gamble's Revenue per Employee for 2024, and how does it compare to 2023?
Answer: Revenue per Employee is Net Sales divided by the number of employees. For 2024:

Number of Employees = 108,000
Revenue per Employee = $84,039 million / 108,000 = $778,139
For 2023:

Number of Employees = 108,000
Revenue per Employee = $82,006 million / 108,000 = $759,314