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Business Description
The Procter & Gamble Company manufactures and markets consumer products in various countries throughout the world. The Company's products fall into five business segments: Fabric and Home Care, Baby and Family Care, Beauty Care, Health Care and Snacks and Beverages. The Company's business, represented by the aggregate of its five segments, is essentially homogeneous. In the United States, the Company owns and operates 35 manufacturing facilities and leases and operates two manufacturing facilities. These facilities are located in 21 different states.

Financial Information
For the fiscal year ended 6/30/04, revenues increased 19% to $51.41 billion. Net income applicable to Common increased 25% to $6.35 billion. Results reflect growth in the health and beauty care businesses, and improved gross margins.