Procter & Gamble Company (NYSE: PG) said in an exchange filing that it expects to record charges worth $2 billion to $2.5 billion after-tax due to restructuring its business operations and an impairment charge from Gillette asset writedown.
The restructuring is done primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions.
The company expects to record incremental restructuring charges of $1.0 billion-$1.5 billion after tax, including foreign currency translation losses to be recognized upon the substantial liquidation of operations in the affected markets.
The company ...