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Annual Report - P&G

Annual ReportFINANCIAL HIGHLIGHTS(unaudited)Amounts in millions, except per share amounts 2014 2013 2012 2011 2010 Net Sales $83,062 $82,581 $82,006 $79,385 $75,785 Operating Income 15,288 14,330 13,035 15,233 15,306 Net Earnings Attributable to Procter & Gamble 11,643 11,312 10,756 11,797 12,736 Net Earnings Margin from Continuing Operations Net Earnings per Common Share from Continuing Operations(1) $ $ $ $ $ Net Earnings per Common Share(1) per Common Share to Shareowners 1P&G s Billion- and Half-Billion-Dollar Brands 6 Sectors and SMOs 8 Form 10-K Index 9 Form 10-K 10 Measures Not Defi ned by GAAP 42 Global Leadership Council 87 Board of Directors 87 Company & Shareowner Information 88 Recognition 89 NET SALES($ billions)OPERATING CASH FLOW($ billions)DILUTED NET EARNINGS(per common share).

Dear Shareowners, At P&G, we are focused on building consumer-preferred brands and products that create value for consumers and shareowners. Everything begins …

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