Procter & Gamble sees FY25 capital spending 4%-5% of FY net sales

P&G now expects a core effective tax rate for fiscal 2025 approximately in-line with the prior year. Capital spending is estimated to be in the range of 4%-5% of fiscal 2025 net sales. P&G continues to expect adjusted free cash flow productivity of 90% and expects to pay around $10B in dividends and to repurchase $6B-$7B of common shares in fiscal 2025.