Procter & Gamble backs FY23 CapEx view approximately 5% of fiscal 2023 net sales

P&G continues to expect adjusted free cash flow productivity of 90% and expects to pay around $9 billion in dividends and to repurchase $6 billion to $8 billion of common shares in fiscal 2023. P&G now expects a core effective tax rate of approximately 20% in fiscal 2023.