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awareness by as many at are health around the benefits health the home. more are important The hygiene products given us care provide important Our products symptom presented than the -- increased spending spending additional ever, These time all proactive we’re OTC and as needs of health well current and relief. crisis.
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families needs. make meet and been to hygiene people their world health us with to We’ve working enabling cleaning lockstep we around sure to help the governments can their operate, and continue
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for a passed was and shipped. our volume which of product supply organization, for true planning logistics they with flying test We set product colors. March and records produced
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world basic around are product P&G continue has communities this next priority. the are other essentials donations increase cash as supporting P&G through being that take to their history need Millions of to P&G granted. helping long communities of families help the Moving with products crisis. to people we the of efforts of many products ensure and with of access support everyday and of to times we the will produce and work in a to to donated, for significant forms support. us have
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facemasks. underway needed nonmedical is critically to produce Work
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to for balance bottom top expansion, including need and to the term short growth and investment, the this line need drive each strategic through productivity. of this importance The the ongoing crisis continued need underscore manage margin
our improvements down $XX income productivity facets the five-year savings cost the balance and second of our in driving productivity cash sheet. and and across cost and We’re up efficiency program, statement business billion in all
disruption, even more must mindset an How important. disruptive what possibility. even be helping of we even while meet Success constructive to in new trends mindset shape our highly our adapt future. competitive create and can new a mindset needs a industry requires more, both of ongoing willingness constructive and that ways, industry new the what comes that In agility and that produce agility safer and disruption technologies we constructive with will this environment, for change, and disruption are
serving is in Our a sector seamlessly well. with enterprise expertise approach manage new around and to world. the redundancy categories XX little best-in-class product new organization groups structure, accountable each six units corporate focus markets agile organization more our us that business demands, and empowered, markets, overlap supporting deliver or priorities industry-based with function to and our following very with other small differentiated A
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X don’t channels share and Vicks respiratory growth. Pepto-Bismol Oral-B March, show through we moisturizers toothbrushes up through March points. up Metamucil share products track than and points, Olay U.S. were more broad-based all-outlet have more; While X and points; power final X X Always blades Cascade Gain Native, Bounce, up Secret, more Old Crest, Head and Gillette Discreet, Spice, each Always Tide, or & razors Tampax, Shoulders, and Clean, Pantene, up than growing and share. Mr. each Dawn, Pads point results
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effect net QX. the refill to expect believe all about of X growth We we into on pipeline. global of decreases, from retail a QX inventory at-home inventory basis points of As the shifted this sales
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was ago, we consecutive announced the dividend. has and increase and in This results increase reflecting our P&G in dividend, the annual Just two which XXXth the in our we confidence X% a these both, consecutive have XXth days paid year a future.
very strong So, that’s March January fiscal through conditions. results year-to-date, and very in difficult
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believe experience are us Our makes well-positioned to this in generally we date environment.
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rocket the to forefront, office New the digital tools are the being on factory brought in environment. floor productivity providing and another booster
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close continue perhaps stores. to be will volatility. foreign complexity result may in severely. commodity will extreme higher operational exchange Customers and outcomes, costs costs. will Added impact Unemployment There
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we for and As stand ranges continue top year the here we fiscal on believe today relevant. remain though, lines to our the guidance bottom both
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our for consumers, will value-creation. the long-term it. crisis choices on squarely serving that customers, months we’ll that exist this will the We communities, mid will keep business this on months But within than colleagues, responsibly our building follow be and more focused and do centered many
cash over pay share billion to long our of repurchase as typically extend range adjusted We’ll free expecting and of cash expect return XXXX. productivity our record of flow we in $X.X XXX%. do We’ll track in to on to in XXXX significant continue year-end billion our the dividends, generation first $X outlook We billion $X call provide fiscal for July. fiscal in cash
are I to to Before I just items your expect on want questions, two turning minds. address your
first The is liquidity.
status liquidity Our remains very strong.
hand XXX-year billion that With are and within X%, each term have $X $XX balance AA a long-term approximately a ago credit we three ratios and company on manage aim billion old to maintain day. sheet rating. to take We weeks that this We minus are now the rating year support cash to generating management. our view we issue in a at more and
months We paper debt continue access $X financing have to the lines expect them, cash months if $X draw need paper And open as commercial billion credit, have don’t well efforts. The available is our XX next of availability. of to within we U.S. maturing the in to on over amount to bank billion anticipated we in recently markets, very needed. routine issuing while credit strong. That’s a three on part
is The second topic recession.
time. already and some it’s be for assuming will here here We’re period of
better While we to weather not than economic strategy our are immune, us downturns prior footing on puts headwinds. current
on brand drives is performance choice. now portfolio Our daily where use items focused
to have discretionary simultaneously than exposure value. our increasing downturn. offerings, We items of the less the We’ve much we superiority increased had during last their
we perfect, price stronger peers, entries better across had pricing ladders. not While
messaging. We’re emphasizing performance-based value
consumers thresholds to pack will purchase week-to-week designed decisions hit serve based to make We on with who availability. key cash cash need for relevant sizes outlay
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We’re stepping forward, back. not
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We’re interest doing interest and and in society’s our this long-term our shareholders. interest of in the
the soon, hear voice. person in you your engaging phone see we to not may forward to and with we love you look would on While
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