UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934
Date of Report (Date of earliest event reported) March 27, 2003
THE PROCTER & GAMBLE COMPANY
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(Exact name of registrant as specified in its charter)
OHIO 1-434 31-0411980
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
ONE PROCTER & GAMBLE PLAZA, CINCINNATI, OHIO 45202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513) 983-1100
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ITEM 5. OTHER EVENTS.
As disclosed in its Annual Report on Form 10-K for the year ended
June 30, 2002, on May 31, 2002, The Procter & Gamble Company (the "Company")
completed its spin-off of the Jif and Crisco brands. In addition, effective July
1, 2002, the Company realigned the management of its feminine care business from
Baby, Feminine & Family Care to Beauty Care.
To reflect these management and business changes, the Company has
realigned its internal and external reporting segments. Beginning with the first
quarter of fiscal year 2003 (July - September 2002), the feminine care business
has been included in the Beauty Care segment, and the former Baby, Feminine &
Family Care segment has become Baby & Family Care. The former Food & Beverage
segment was renamed Snacks & Beverages, reflecting the remaining businesses.
As required by FASB Statement No. 131, DISCLOSURES ABOUT SEGMENTS OF
AN ENTERPRISE AND RELATED INFORMATION, prior year segment results have been
reclassified to reflect these changes and provide comparable current and
historical results. The elements of the former Food & Beverage segment that were
spun off or divested, including Jif, Crisco and commercial shortening and oils,
are now presented as part of Corporate. This change affects only the
presentation of segment results and does not affect the consolidated results of
The Procter & Gamble Company.
In this form 8-K filing, segment information for the Company
reflecting the new structure is presented for the fiscal years 2000 through
2002. The segment results that are affected by the management realignment in the
Company's management discussion and analysis of financial condition and results
of operations section of its Annual Report on Form 10-K for fiscal year 2002 is
also included.
The Company is filing this form 8-K pursuant to the SEC's
Regulation FD.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE PROCTER & GAMBLE COMPANY
BY: /S/ SHARON E. ABRAMS
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Sharon E. Abrams, Secretary
March 27, 2003
Exhibits
99.1 Management Discussion and Analysis of Financial Condition and
Results of Operations
99.2 Segment Information