Contractual Commitments

The following table provides information on the amount and payable date of our contractual commitments as of June 30, 2021.

($ millions) Total Less Than 1 Year 1-3 Years 3-5 Years After 5 Years

RECORDED LIABILITIES Total debt $ 31,967 $ 8,880 $ 4,928 $ 4,858 $ 13,301 Leases 953 219 349 175 210 U.S. Tax Act transitional charge 2,115 224 645 1,246 — Uncertain tax positions 9 9 — — — OTHER Interest payments relating to long-term debt 5,020 599 1,010 866 2,545 Minimum pension funding 552 179 373 — — Purchase obligations 1,982 809 599 259 315

TOTAL CONTRACTUAL COMMITMENTS $ 42,598 $ 10,919 $ 7,904 $ 7,404 $ 16,371

Represents the U.S. federal tax liability associated with the repatriation provisions of the U.S. Tax Act. Does not include any provisions made for foreign withholding taxes on expected repatriations as the timing of those payments is uncertain.

As of June 30, 2021, the Company’s Consolidated Balance Sheet reflects a liability for uncertain tax positions of $803 million, including $176 million of interest and penalties. Due to the high degree of uncertainty regarding the timing of future cash outflows of liabilities for uncertain tax positions beyond one year, a reasonable estimate of the period of cash settlement beyond twelve months from the balance sheet date of June 30, 2021 cannot be made.

Represents future pension payments to comply with local funding requirements. These future pension payments assume the Company continues to meet its future statutory funding requirements. Considering the current economic environment in which the Company operates, the Company believes its cash flows are adequate to meet the future statutory funding requirements. The projected payments beyond fiscal year 2023 are not currently determinable.

Primarily reflects future contractual payments under various take-or-pay arrangements entered into as part of the normal course of business. Commitments made under take- or-pay obligations represent minimum commitments with suppliers and are in line with expected usage. This includes service contracts for information technology, human resources management and facilities management activities that have been outsourced. While the amounts listed represent contractual obligations, we do not believe it is likely that the full contractual amount would be paid if the underlying contracts were canceled prior to maturity. In such cases, we generally are able to negotiate new contracts or cancellation penalties, resulting in a reduced payment. The amounts do not include other contractual purchase obligations that are not take-or-pay arrangements. Such contractual purchase obligations are primarily purchase orders at fair value that are part of normal operations and are reflected in historical operating cash flow trends. We do not believe such purchase obligations will adversely affect our liquidity position.

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28 The Procter & Gamble Company