SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Procter & Gamble Co – ‘10-Q’ for 3/31/18 – ‘EX-101.PRE’

On:  Thursday, 4/19/18, at 4:12pm ET   ·   For:  3/31/18   ·   Accession #:  80424-18-34   ·   File #:  1-00434

Previous ‘10-Q’:  ‘10-Q’ on 1/23/18 for 12/31/17   ·   Next:  ‘10-Q’ on 10/19/18 for 9/30/18   ·   Latest:  ‘10-Q’ on 4/19/24 for 3/31/24

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 4/19/18  Procter & Gamble Co               10-Q        3/31/18   71:6.6M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Fy1718 Q3 Jfm 10-Q                                  HTML    897K 
 2: EX-10.1     Company's Form of Separation Agreement & Release    HTML     60K 
 3: EX-10.2     Company's Form of Separation Letter & Release       HTML     39K 
 4: EX-12       Computation of Ratio of Earnings to Fixed Charges   HTML     40K 
 5: EX-31.1     Rule 13A-14(A)/15D-14(A) Certification Chief        HTML     30K 
                Executive Officer                                                
 6: EX-31.2     Rule 13A-14(A)/15D-14(A) Certification Chief        HTML     30K 
                Financial Officer                                                
 7: EX-32.1     Section 1350 Certifications Chief Executive         HTML     24K 
                Officer                                                          
 8: EX-32.2     Section 1350 Certifications Chief Financial         HTML     24K 
                Officer                                                          
15: R1          Document and Entity Information                     HTML     48K 
16: R2          Consolidated Statements of Earnings                 HTML     91K 
17: R3          Condolidated Statements of Comprehensive Income     HTML     47K 
18: R4          Consolidated Balance Sheets                         HTML    116K 
19: R5          Consolidated Statements of Cash Flows               HTML    111K 
20: R6          Basis of Presentation                               HTML     25K 
21: R7          New Accounting Pronouncements and Policies          HTML     35K 
22: R8          Segment Information                                 HTML     93K 
23: R9          Goodwill and Other Intangible Assets                HTML     69K 
24: R10         Earnings Per Share                                  HTML    106K 
25: R11         Share-Based Compensation and Postretirement         HTML     40K 
                Benefits                                                         
26: R12         Risk Management Activities and Fair Value           HTML    107K 
                Measurements                                                     
27: R13         Accumulated Other Comprehensive Income (Loss)       HTML     52K 
28: R14         Restructuring Program                               HTML     71K 
29: R15         Commitments and Contingencies                       HTML     28K 
30: R16         Discontinued Operations                             HTML     46K 
31: R17         Subsequent Event                                    HTML     25K 
32: R18         Segment Information (Tables)                        HTML     93K 
33: R19         Goodwill and Other Intangible Assets (Tables)       HTML     62K 
34: R20         Earnings Per Share (Tables)                         HTML    106K 
35: R21         Share-Based Compensation and Postretirement         HTML     37K 
                Benefits (Tables)                                                
36: R22         Risk Management Activities and Fair Value           HTML    110K 
                Measurements (Tables)                                            
37: R23         Accumulated Other Comprehensive Income (Loss)       HTML     50K 
                (Tables)                                                         
38: R24         Restructuring Program (Tables)                      HTML     66K 
39: R25         Discontinued Operations (Tables)                    HTML     40K 
40: R26         New Accounting Pronouncements and Policies - U.S.   HTML     43K 
                Tax Reform (Details)                                             
41: R27         Segment Information (Details)                       HTML     49K 
42: R28         Goodwill and Other Intangible Assets - Change in    HTML     44K 
                the Net Carrying Amount of Goodwill by Global                    
                Business Unit (Details)                                          
43: R29         Goodwill and Other Intangible Assets -              HTML     31K 
                Identifiable Intangible Assets (Details)                         
44: R30         Goodwill and Other Intangible Assets - Additional   HTML     40K 
                Information (Details)                                            
45: R31         Goodwill and Other Intangible Assets - Additional   HTML     25K 
                Information Other (Details)                                      
46: R32         Goodwill and Other Intangible Assets - Fair Value   HTML     34K 
                Sensitivity (Details)                                            
47: R33         Earnings Per Share (Details)                        HTML     79K 
48: R34         Earnings Per Share - Antidilutive Securities        HTML     29K 
                (Details)                                                        
49: R35         Share-Based Compensation and Postretirement         HTML     36K 
                Benefits (Details)                                               
50: R36         Share-Based Compensation and Postretirement         HTML     30K 
                Benefits - Additional Information (Details)                      
51: R37         Risk Management Activities and Fair Value           HTML     30K 
                Measurements - Assets Measured at Fair Value on A                
                Recurring Basis (Details)                                        
52: R38         Risk Management Activities and Fair Value           HTML     40K 
                Measurements - Additional Information (Details)                  
53: R39         Risk Management Activities and Fair Value           HTML     38K 
                Measurements - Derivative Notional Amounts and                   
                Fair Value (Details)                                             
54: R40         Risk Management Activities and Fair Value           HTML     28K 
                Measurements - Derivative Notional Amounts and                   
                Fair Value - Additional Information (Details)                    
                (Details)                                                        
55: R41         Risk Management Activities and Fair Value           HTML     27K 
                Measurements - Gain (Loss) on Derivative                         
                Instruments (Effective Portion) (Details)                        
56: R42         Risk Management Activities and Fair Value           HTML     43K 
                Measurements - Gain (Loss) on Derivative                         
                Instruments (Details)                                            
57: R43         Accumulated Other Comprehensive Income (Loss) -     HTML     52K 
                Changes in Aoci and Reclassification Out of Aoci                 
                (Details)                                                        
58: R44         Accumulated Other Comprehensive Income (Loss) -     HTML     36K 
                Net of Tax Expense (Benefit) (Details)                           
59: R45         Restructuring Program - Additional Information      HTML     44K 
                (Details)                                                        
60: R46         Restructuring Program - Restructuring Reserve by    HTML     45K 
                Type of Costs (Details)                                          
61: R47         Restructuring Program - Restructuring Costs Per     HTML     41K 
                Segment (Details)                                                
62: R48         Commitments and Contingencies - Additional          HTML     29K 
                Information (Details)                                            
63: R49         Discontinued Operations - Additional Information    HTML     40K 
                (Details)                                                        
64: R50         Discontinued Operations - Additional Information    HTML     24K 
                on Tables (Details)                                              
65: R51         Discontinued Operations - Net Earnings From         HTML     55K 
                Discontinued Operations for Beauty Brands                        
                (Details)                                                        
66: R52         Discontinued Operations - Cash Flows for Beauty     HTML     37K 
                Brands (Details)                                                 
67: R53         Subsequent Event - Additional Information           HTML     26K 
                (Details)                                                        
69: XML         IDEA XML File -- Filing Summary                      XML    123K 
14: XML         XBRL Instance -- fy1718q3jfm10-qreport_htm           XML   1.66M 
68: EXCEL       IDEA Workbook of Financial Reports                  XLSX     61K 
10: EX-101.CAL  XBRL Calculations -- pg-20180331_cal                 XML    190K 
11: EX-101.DEF  XBRL Definitions -- pg-20180331_def                  XML    575K 
12: EX-101.LAB  XBRL Labels -- pg-20180331_lab                       XML   1.06M 
13: EX-101.PRE  XBRL Presentations -- pg-20180331_pre                XML    728K 
 9: EX-101.SCH  XBRL Schema -- pg-20180331                           XSD    121K 
70: JSON        XBRL Instance as JSON Data -- MetaLinks              251±   380K 
71: ZIP         XBRL Zipped Folder -- 0000080424-18-000034-xbrl      Zip    225K

‘EX-101.PRE’   —   XBRL Presentations — pg-20180331_pre

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<!-- XBRL Document Created with Wdesk from Workiva -->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<link:roleRef roleURI="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:href="pg-20180331.xsd#AccumulatedOtherComprehensiveIncomeLoss" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLossChangesInAociAndReclassificationOutOfAociDetails" xlink:href="pg-20180331.xsd#AccumulatedOtherComprehensiveIncomeLossChangesInAociAndReclassificationOutOfAociDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLossNetOfTaxExpenseBenefitDetails" xlink:href="pg-20180331.xsd#AccumulatedOtherComprehensiveIncomeLossNetOfTaxExpenseBenefitDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:href="pg-20180331.xsd#AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/BasisOfPresentation" xlink:href="pg-20180331.xsd#BasisOfPresentation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/CommitmentsAndContingencies" xlink:href="pg-20180331.xsd#CommitmentsAndContingencies" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/CommitmentsAndContingenciesAdditionalInformationDetails" xlink:href="pg-20180331.xsd#CommitmentsAndContingenciesAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/CondolidatedStatementsOfComprehensiveIncome" xlink:href="pg-20180331.xsd#CondolidatedStatementsOfComprehensiveIncome" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ConsolidatedBalanceSheets" xlink:href="pg-20180331.xsd#ConsolidatedBalanceSheets" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="pg-20180331.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ConsolidatedStatementsOfEarnings" xlink:href="pg-20180331.xsd#ConsolidatedStatementsOfEarnings" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DiscontinuedOperations" xlink:href="pg-20180331.xsd#DiscontinuedOperations" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DiscontinuedOperationsAdditionalInformationDetails" xlink:href="pg-20180331.xsd#DiscontinuedOperationsAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DiscontinuedOperationsAdditionalInformationOnTablesDetails" xlink:href="pg-20180331.xsd#DiscontinuedOperationsAdditionalInformationOnTablesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DiscontinuedOperationsCashFlowsForBeautyBrandsDetails" xlink:href="pg-20180331.xsd#DiscontinuedOperationsCashFlowsForBeautyBrandsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DiscontinuedOperationsNetEarningsFromDiscontinuedOperationsForBeautyBrandsDetails" xlink:href="pg-20180331.xsd#DiscontinuedOperationsNetEarningsFromDiscontinuedOperationsForBeautyBrandsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DiscontinuedOperationsTables" xlink:href="pg-20180331.xsd#DiscontinuedOperationsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/DocumentAndEntityInformation" xlink:href="pg-20180331.xsd#DocumentAndEntityInformation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/EarningsPerShare" xlink:href="pg-20180331.xsd#EarningsPerShare" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/EarningsPerShareAntidilutiveSecuritiesDetails" xlink:href="pg-20180331.xsd#EarningsPerShareAntidilutiveSecuritiesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/EarningsPerShareDetails" xlink:href="pg-20180331.xsd#EarningsPerShareDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/EarningsPerShareTables" xlink:href="pg-20180331.xsd#EarningsPerShareTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssets" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssets" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsAdditionalInformationDetails" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssetsAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsAdditionalInformationOtherDetails" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssetsAdditionalInformationOtherDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsChangeInNetCarryingAmountOfGoodwillByGlobalBusinessUnitDetails" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssetsChangeInNetCarryingAmountOfGoodwillByGlobalBusinessUnitDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsFairValueSensitivityDetails" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssetsFairValueSensitivityDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsIdentifiableIntangibleAssetsDetails" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssetsIdentifiableIntangibleAssetsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsTables" xlink:href="pg-20180331.xsd#GoodwillAndOtherIntangibleAssetsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/NewAccountingPronouncementsAndPolicies" xlink:href="pg-20180331.xsd#NewAccountingPronouncementsAndPolicies" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/NewAccountingPronouncementsAndPoliciesUSTaxReformDetails" xlink:href="pg-20180331.xsd#NewAccountingPronouncementsAndPoliciesUSTaxReformDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RestructuringProgram" xlink:href="pg-20180331.xsd#RestructuringProgram" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RestructuringProgramAdditionalInformationDetails" xlink:href="pg-20180331.xsd#RestructuringProgramAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RestructuringProgramRestructuringCostsPerSegmentDetails" xlink:href="pg-20180331.xsd#RestructuringProgramRestructuringCostsPerSegmentDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RestructuringProgramRestructuringReserveByTypeOfCostsDetails" xlink:href="pg-20180331.xsd#RestructuringProgramRestructuringReserveByTypeOfCostsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RestructuringProgramTables" xlink:href="pg-20180331.xsd#RestructuringProgramTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurements" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurements" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsAdditionalInformationDetails" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsAssetsMeasuredAtFairValueOnRecurringBasisDetails" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsAssetsMeasuredAtFairValueOnRecurringBasisDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsDerivativeNotionalAmountsAndFairValueAdditionalInformationDetailsDetails" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsDerivativeNotionalAmountsAndFairValueAdditionalInformationDetailsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsDerivativeNotionalAmountsAndFairValueDetails" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsDerivativeNotionalAmountsAndFairValueDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsGainLossOnDerivativeInstrumentsDetails" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsGainLossOnDerivativeInstrumentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsGainLossOnDerivativeInstrumentsEffectivePortionDetails" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsGainLossOnDerivativeInstrumentsEffectivePortionDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsTables" xlink:href="pg-20180331.xsd#RiskManagementActivitiesAndFairValueMeasurementsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/SegmentInformation" xlink:href="pg-20180331.xsd#SegmentInformation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/SegmentInformationDetails" xlink:href="pg-20180331.xsd#SegmentInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/SegmentInformationTables" xlink:href="pg-20180331.xsd#SegmentInformationTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefits" xlink:href="pg-20180331.xsd#ShareBasedCompensationAndPostretirementBenefits" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefitsAdditionalInformationDetails" xlink:href="pg-20180331.xsd#ShareBasedCompensationAndPostretirementBenefitsAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefitsDetails" xlink:href="pg-20180331.xsd#ShareBasedCompensationAndPostretirementBenefitsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefitsTables" xlink:href="pg-20180331.xsd#ShareBasedCompensationAndPostretirementBenefitsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/SubsequentEvent" xlink:href="pg-20180331.xsd#SubsequentEvent" xlink:type="simple"/>
<link:roleRef roleURI="http://www.pg.com/role/SubsequentEventAdditionalInformationDetails" xlink:href="pg-20180331.xsd#SubsequentEventAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple"/>
<link:presentationLink xlink:role="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_E8016B717BEE4A5190EDCFE27D2E5DE4" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="loc_us-gaap_ComprehensiveIncomeNoteTextBlock_B2256B2C494AC5B29C91CFE27D2E0B1F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_E8016B717BEE4A5190EDCFE27D2E5DE4" xlink:to="loc_us-gaap_ComprehensiveIncomeNoteTextBlock_B2256B2C494AC5B29C91CFE27D2E0B1F" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLossChangesInAociAndReclassificationOutOfAociDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B869F93664E34F11CA532A0F37FDAF9F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B869F93664E34F11CA532A0F37FDAF9F" xlink:to="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_7FD53C4BB96931D112532A0F37FEB405" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_7FD53C4BB96931D112532A0F37FEB405" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_E2C9F40F4F416E6CA4392A0F37FECD68" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_7FD53C4BB96931D112532A0F37FEB405" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_E2C9F40F4F416E6CA4392A0F37FECD68" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ForeignCurrencyGainLossMember" xlink:label="loc_us-gaap_ForeignCurrencyGainLossMember_73B02AB89F4B26CE40882A0F37FEF3F9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_E2C9F40F4F416E6CA4392A0F37FECD68" xlink:to="loc_us-gaap_ForeignCurrencyGainLossMember_73B02AB89F4B26CE40882A0F37FEF3F9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_BA433BE7C30D099722E52A0F37FE46FD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_BA433BE7C30D099722E52A0F37FE46FD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_89FD43DF6A7568A361722A0F37FEF7B4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_BA433BE7C30D099722E52A0F37FE46FD" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_89FD43DF6A7568A361722A0F37FEF7B4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_5753CA0C37A13542C7392A0F37FE8785" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_89FD43DF6A7568A361722A0F37FEF7B4" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_5753CA0C37A13542C7392A0F37FE8785" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_BE72F7B709CA67C8BB4E2A0F37FE43CE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_BE72F7B709CA67C8BB4E2A0F37FE43CE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6FE364C6A250325850362A0F37FE4315" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_BE72F7B709CA67C8BB4E2A0F37FE43CE" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6FE364C6A250325850362A0F37FE4315" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_56CE52D1A3F32C3B17432A0F37FFA841" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6FE364C6A250325850362A0F37FE4315" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_56CE52D1A3F32C3B17432A0F37FFA841" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_A27663DDFD54D1C15D222A0F37FF84EE" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_A27663DDFD54D1C15D222A0F37FF84EE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_9A3A5BB96D5C929BF11B2A0F37FFEFBE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_A27663DDFD54D1C15D222A0F37FF84EE" xlink:to="loc_us-gaap_EquityComponentDomain_9A3A5BB96D5C929BF11B2A0F37FFEFBE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_20AAC91839CEFC83FC772A0F37FFB003" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_9A3A5BB96D5C929BF11B2A0F37FFEFBE" xlink:to="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_20AAC91839CEFC83FC772A0F37FFB003" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_087764BF7FD49C4DF48A2A0F38009D20" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_9A3A5BB96D5C929BF11B2A0F37FFEFBE" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_087764BF7FD49C4DF48A2A0F38009D20" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_AA0EF093C7745164DCA32A0F38002078" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_06276E797E76957AACD82A0F37FE5CAF" xlink:to="loc_us-gaap_StatementLineItems_AA0EF093C7745164DCA32A0F38002078" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_BB58B5F8B80454AABFAA2A0F38006AA9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_AA0EF093C7745164DCA32A0F38002078" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_BB58B5F8B80454AABFAA2A0F38006AA9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_217AFC1215E74EA8D1052A0F380060EA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_AA0EF093C7745164DCA32A0F38002078" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_217AFC1215E74EA8D1052A0F380060EA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2BD7F5EFE772A922FE9A2A0F380004AE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_AA0EF093C7745164DCA32A0F38002078" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2BD7F5EFE772A922FE9A2A0F380004AE" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLossNetOfTaxExpenseBenefitDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B5C55D108EA5F5D1ADF92A0F38668A31" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B5C55D108EA5F5D1ADF92A0F38668A31" xlink:to="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_56BD1D997E704C348C302A0F3866B165" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:to="loc_us-gaap_StatementScenarioAxis_56BD1D997E704C348C302A0F3866B165" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_403B03250707136839E92A0F38669469" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_56BD1D997E704C348C302A0F3866B165" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_403B03250707136839E92A0F38669469" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_DBAAACBAFA35E8B83ECE2A0F38668E81" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_DBAAACBAFA35E8B83ECE2A0F38668E81" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4FB97F14CBE70E5A1DD52A0F3866DA9B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_DBAAACBAFA35E8B83ECE2A0F38668E81" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4FB97F14CBE70E5A1DD52A0F3866DA9B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_AD3C533D0F7695F099542A0F38662612" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4FB97F14CBE70E5A1DD52A0F3866DA9B" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_AD3C533D0F7695F099542A0F38662612" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_B14B74DAEF61DFB6D5362A0F38661D23" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_B14B74DAEF61DFB6D5362A0F38661D23" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_0A7E989F193DA62A14B52A0F3867A962" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_B14B74DAEF61DFB6D5362A0F38661D23" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_0A7E989F193DA62A14B52A0F3867A962" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_FF9FD48DAA0518A31F6D2A0F3867F7C9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_0A7E989F193DA62A14B52A0F3867A962" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_FF9FD48DAA0518A31F6D2A0F3867F7C9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_F5DF9790FA61074F58C92A0F38670FC2" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_F5DF9790FA61074F58C92A0F38670FC2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_4A8AF384F1FA17A7E2992A0F3867F91E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_F5DF9790FA61074F58C92A0F38670FC2" xlink:to="loc_us-gaap_EquityComponentDomain_4A8AF384F1FA17A7E2992A0F3867F91E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_7FA94EA55D016D55E9B02A0F38672E62" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_4A8AF384F1FA17A7E2992A0F3867F91E" xlink:to="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_7FA94EA55D016D55E9B02A0F38672E62" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_C3AA191DAF17838C93152A0F3868946E" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_4A8AF384F1FA17A7E2992A0F3867F91E" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_C3AA191DAF17838C93152A0F3868946E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_DC3DBEB613F22A13E3E72A0F3868B5E0" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_540883D9ACA0CEDDFF8D2A0F3866CD57" xlink:to="loc_us-gaap_StatementLineItems_DC3DBEB613F22A13E3E72A0F3868B5E0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_6B1F22236723183C4FAA2A0F3868EB96" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_DC3DBEB613F22A13E3E72A0F3868B5E0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_6B1F22236723183C4FAA2A0F3868EB96" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_D4FC764E48DE3EC9B6562A0F3868B475" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_DC3DBEB613F22A13E3E72A0F3868B5E0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossTax_D4FC764E48DE3EC9B6562A0F3868B475" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_41D4E076DA1BCA2B16B62A0F3769029D" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_2583474C2C3A408A6B632A0F376A815A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_41D4E076DA1BCA2B16B62A0F3769029D" xlink:to="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_2583474C2C3A408A6B632A0F376A815A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/BasisOfPresentation" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_69CE6FA32003E1E73CBC2A0F385468CC" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_07C1B50C81CB3204F0172A0F38547C37" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_69CE6FA32003E1E73CBC2A0F385468CC" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_07C1B50C81CB3204F0172A0F38547C37" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/CommitmentsAndContingencies" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B314586A7E12CB43E098CFE4EB91F52D" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_CBDBCF839AD14D8162BBCFE4EB91ED2B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B314586A7E12CB43E098CFE4EB91F52D" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_CBDBCF839AD14D8162BBCFE4EB91ED2B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/CommitmentsAndContingenciesAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_F2037F3EB0535B71714D2A0F38E42491" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="loc_us-gaap_LossContingenciesTable_51CB0CBE5D5BE0735B522A0F38E419EA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_F2037F3EB0535B71714D2A0F38E42491" xlink:to="loc_us-gaap_LossContingenciesTable_51CB0CBE5D5BE0735B522A0F38E419EA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_266F5088B40EFB313AD82A0F38E474E1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_51CB0CBE5D5BE0735B522A0F38E419EA" xlink:to="loc_us-gaap_RangeAxis_266F5088B40EFB313AD82A0F38E474E1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_DA68757FE8BD0DFD13A82A0F38E4BA13" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_266F5088B40EFB313AD82A0F38E474E1" xlink:to="loc_us-gaap_RangeMember_DA68757FE8BD0DFD13A82A0F38E4BA13" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_132810532F774F3A351F2A0F38E48F11" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_DA68757FE8BD0DFD13A82A0F38E4BA13" xlink:to="loc_us-gaap_MinimumMember_132810532F774F3A351F2A0F38E48F11" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_529E10C1292F8A8024662A0F38E438BD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_DA68757FE8BD0DFD13A82A0F38E4BA13" xlink:to="loc_us-gaap_MaximumMember_529E10C1292F8A8024662A0F38E438BD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="loc_us-gaap_LossContingenciesLineItems_8FCA2D218E75294434B62A0F38E5A022" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_51CB0CBE5D5BE0735B522A0F38E419EA" xlink:to="loc_us-gaap_LossContingenciesLineItems_8FCA2D218E75294434B62A0F38E5A022" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_NumberofTaxableJurisdictions" xlink:label="loc_pg_NumberofTaxableJurisdictions_580E7D32950CB75602092A0F38E5F9A2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_8FCA2D218E75294434B62A0F38E5A022" xlink:to="loc_pg_NumberofTaxableJurisdictions_580E7D32950CB75602092A0F38E5F9A2" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_NumberofAuditsTypicallyUnderway" xlink:label="loc_pg_NumberofAuditsTypicallyUnderway_69C6F95ADB80B656FD312A0F38E56D37" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_8FCA2D218E75294434B62A0F38E5A022" xlink:to="loc_pg_NumberofAuditsTypicallyUnderway_69C6F95ADB80B656FD312A0F38E56D37" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/CondolidatedStatementsOfComprehensiveIncome" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B0AE5273162520CCA0A96D2A103CB7CC" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_FCFECA998445D5F2E2026D2A103DC134" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B0AE5273162520CCA0A96D2A103CB7CC" xlink:to="loc_us-gaap_StatementTable_FCFECA998445D5F2E2026D2A103DC134" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_239F1DAFAA2D7944E8B36D2A103D60C7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_FCFECA998445D5F2E2026D2A103DC134" xlink:to="loc_us-gaap_StatementScenarioAxis_239F1DAFAA2D7944E8B36D2A103D60C7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_D3329A5E9673883DF8756D2A103D85EA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_239F1DAFAA2D7944E8B36D2A103D60C7" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_D3329A5E9673883DF8756D2A103D85EA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_FCFECA998445D5F2E2026D2A103DC134" xlink:to="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_ED66D3EEA54F4735DE046D2A103E1B64" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_ProfitLoss_ED66D3EEA54F4735DE046D2A103E1B64" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_D85A37CF110199C9A7EB6D2A103E30EB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_D85A37CF110199C9A7EB6D2A103E30EB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_0E8C120492371C22CB716D2A103EC212" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_0E8C120492371C22CB716D2A103EC212" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_2C3776CEEF9D658967346D2A103E9267" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_2C3776CEEF9D658967346D2A103E9267" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_E1617F3CF80CD5ADEE0D6D2A103ED9A1" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_E1617F3CF80CD5ADEE0D6D2A103ED9A1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_96BAF260B96FF6EE9F976D2A103F020D" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_96BAF260B96FF6EE9F976D2A103F020D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_C8683FD2EEAF74B405E96D2A10403AB4" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_C8683FD2EEAF74B405E96D2A10403AB4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_8F9153417B0D8E01A2D06D2A104028E2" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_8F9153417B0D8E01A2D06D2A104028E2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_3EC131964D95F4BF4C406D2A1040FBF2" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_F0091B8BCB6E9896FAEB6D2A103E3657" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_3EC131964D95F4BF4C406D2A1040FBF2" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_B58150923004E75D74F92A0F38226528" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_502EFF132AD2002D5A782A0F382300B1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_B58150923004E75D74F92A0F38226528" xlink:to="loc_us-gaap_StatementTable_502EFF132AD2002D5A782A0F382300B1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_4EF26F00CDF8893CF63E2A0F382376E2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_502EFF132AD2002D5A782A0F382300B1" xlink:to="loc_us-gaap_StatementScenarioAxis_4EF26F00CDF8893CF63E2A0F382376E2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_35B33653C7FE8F1610892A0F3823EE66" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_4EF26F00CDF8893CF63E2A0F382376E2" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_35B33653C7FE8F1610892A0F3823EE66" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_88EDBA1E2DB52C913AD02A0F38233DFB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_502EFF132AD2002D5A782A0F382300B1" xlink:to="loc_us-gaap_StatementLineItems_88EDBA1E2DB52C913AD02A0F38233DFB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_B58150923004E75D74F92A0F38226528" xlink:to="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:to="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_99298EA3DC732ED0184B2A0F3823C57C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_99298EA3DC732ED0184B2A0F3823C57C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesCurrent_C9565A079106939490992A0F382302E9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesCurrent_C9565A079106939490992A0F382302E9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_4E5B414AC20BE2AD18C12A0F3823E089" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_4E5B414AC20BE2AD18C12A0F3823E089" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNetAbstract" xlink:label="loc_us-gaap_InventoryNetAbstract_00AF34E093DE19E538F32A0F38237F6B" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:to="loc_us-gaap_InventoryNetAbstract_00AF34E093DE19E538F32A0F38237F6B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryRawMaterialsAndSuppliesNetOfReserves" xlink:label="loc_us-gaap_InventoryRawMaterialsAndSuppliesNetOfReserves_B1E95F849AFECC000BDA2A0F3824B0CA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InventoryNetAbstract_00AF34E093DE19E538F32A0F38237F6B" xlink:to="loc_us-gaap_InventoryRawMaterialsAndSuppliesNetOfReserves_B1E95F849AFECC000BDA2A0F3824B0CA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryWorkInProcessNetOfReserves" xlink:label="loc_us-gaap_InventoryWorkInProcessNetOfReserves_EFEA061D71AFF8CE7BA32A0F382416D9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InventoryNetAbstract_00AF34E093DE19E538F32A0F38237F6B" xlink:to="loc_us-gaap_InventoryWorkInProcessNetOfReserves_EFEA061D71AFF8CE7BA32A0F382416D9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryFinishedGoodsNetOfReserves" xlink:label="loc_us-gaap_InventoryFinishedGoodsNetOfReserves_1CF54A4C6230958515982A0F3824382F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InventoryNetAbstract_00AF34E093DE19E538F32A0F38237F6B" xlink:to="loc_us-gaap_InventoryFinishedGoodsNetOfReserves_1CF54A4C6230958515982A0F3824382F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNet" xlink:label="loc_us-gaap_InventoryNet_C457A050B43D115A3E372A0F3824AC60" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InventoryNetAbstract_00AF34E093DE19E538F32A0F38237F6B" xlink:to="loc_us-gaap_InventoryNet_C457A050B43D115A3E372A0F3824AC60" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_8F4917849CEFCFA727152A0F382486EB" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_8F4917849CEFCFA727152A0F382486EB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_60907E9E3692C91822662A0F382507F7" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_A5CA6EEDB78BDED106BB2A0F3823D319" xlink:to="loc_us-gaap_AssetsCurrent_60907E9E3692C91822662A0F382507F7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_2D777F8B098FB6B03D8B2A0F38250B51" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_2D777F8B098FB6B03D8B2A0F38250B51" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_3F9D72FB166DA79740C22A0F38251443" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:to="loc_us-gaap_Goodwill_3F9D72FB166DA79740C22A0F38251443" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_6BED8A2DDF38832A842C2A0F38256943" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_6BED8A2DDF38832A842C2A0F38256943" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_8139C989138FB5855A7D2A0F38250687" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_8139C989138FB5855A7D2A0F38250687" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_E1C1967D1EBFEDCE44C92A0F38256489" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_8A2EA16757307496A8862A0F3823FFAE" xlink:to="loc_us-gaap_Assets_E1C1967D1EBFEDCE44C92A0F38256489" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_B58150923004E75D74F92A0F38226528" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="loc_us-gaap_LiabilitiesCurrentAbstract_A413B68FBF58B10025DC2A0F38250C7B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_LiabilitiesCurrentAbstract_A413B68FBF58B10025DC2A0F38250C7B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaap_AccountsPayableCurrent_94E55CBDBB478D6707D42A0F382528E7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_A413B68FBF58B10025DC2A0F38250C7B" xlink:to="loc_us-gaap_AccountsPayableCurrent_94E55CBDBB478D6707D42A0F382528E7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrent_BF392039CD4C41116F9F2A0F382528F5" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_A413B68FBF58B10025DC2A0F38250C7B" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrent_BF392039CD4C41116F9F2A0F382528F5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtCurrent" xlink:label="loc_us-gaap_DebtCurrent_1C46909984F2E13F691C2A0F38269E85" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_A413B68FBF58B10025DC2A0F38250C7B" xlink:to="loc_us-gaap_DebtCurrent_1C46909984F2E13F691C2A0F38269E85" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_DF177E0603CC7216CE692A0F3826D242" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_A413B68FBF58B10025DC2A0F38250C7B" xlink:to="loc_us-gaap_LiabilitiesCurrent_DF177E0603CC7216CE692A0F3826D242" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_450621C0E079F887360D2A0F38262D70" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_450621C0E079F887360D2A0F38262D70" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_6E1786FB27811A0850992A0F3826520E" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_6E1786FB27811A0850992A0F3826520E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrent_F8CB59BDE2C79D13240A2A0F3826ED99" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrent_F8CB59BDE2C79D13240A2A0F3826ED99" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_D8E7723BCB980F7072562A0F38260F14" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_Liabilities_D8E7723BCB980F7072562A0F38260F14" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_EE4D7F18FD418BAF91D72A0F382798A2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_PreferredStockValue_EE4D7F18FD418BAF91D72A0F382798A2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_E9119BA0E149567D0DC72A0F382751EC" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_CommonStockSharesIssued_E9119BA0E149567D0DC72A0F382751EC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_9F2B5230A639686C68BB2A0F3827C64C" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_CommonStockValue_9F2B5230A639686C68BB2A0F3827C64C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_D2D2D2612FE68FF3BC7D2A0F382793D4" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_AdditionalPaidInCapital_D2D2D2612FE68FF3BC7D2A0F382793D4" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ReserveForEsopDebtRetirement" xlink:label="loc_pg_ReserveForEsopDebtRetirement_829BA6119505C12C16CC2A0F38271EA0" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_pg_ReserveForEsopDebtRetirement_829BA6119505C12C16CC2A0F38271EA0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_65D6F0A991FE34B22EEA2A0F3827B4B3" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_65D6F0A991FE34B22EEA2A0F3827B4B3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaap_TreasuryStockValue_6C25EE082D586E99EE2E2A0F3827CF7D" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_TreasuryStockValue_6C25EE082D586E99EE2E2A0F3827CF7D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_DD360278D09F566ED3F62A0F3827C291" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_DD360278D09F566ED3F62A0F3827C291" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_641F73168D850E6E74B62A0F38276A10" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_MinorityInterest_641F73168D850E6E74B62A0F38276A10" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_412409F3D52B2F77A28B2A0F38283D95" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_7806C49EF1812070085F2A0F38267176" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_412409F3D52B2F77A28B2A0F38283D95" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_C5040D9C1059128DCD8F2A0F38284834" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_0E21B0D29176B15AB4BC2A0F3825863F" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_C5040D9C1059128DCD8F2A0F38284834" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_1F7DCDD96EC14A11E2792A0F378C3557" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_1F7DCDD96EC14A11E2792A0F378C3557" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_A60C29E872FE1250855E2A0F378C985C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_ProfitLoss_A60C29E872FE1250855E2A0F378C985C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_D43BE31A7F7101988B662A0F378C97AE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_DepreciationAndAmortization_D43BE31A7F7101988B662A0F378C97AE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_02E755E0B6628E084AC22A0F378CED87" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_02E755E0B6628E084AC22A0F378CED87" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_28F52FFD91D7377C5A642A0F378C632E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_ShareBasedCompensation_28F52FFD91D7377C5A642A0F378C632E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_C3E348CC111753051CDA2A0F378C54E2" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_C3E348CC111753051CDA2A0F378C54E2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets1" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_0BBF08232E917D57313F2A0F378CC505" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_0BBF08232E917D57313F2A0F378CC505" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_6CD2949AC557022500C02A0F378D2455" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_6CD2949AC557022500C02A0F378D2455" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5C0D1A1C4CD0150C8F2C2A0F378DEDA2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_6CD2949AC557022500C02A0F378D2455" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5C0D1A1C4CD0150C8F2C2A0F378DEDA2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_E227B19089A6C49FE4802A0F378D4A0C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_6CD2949AC557022500C02A0F378D2455" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_E227B19089A6C49FE4802A0F378D4A0C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_68FB6B52BE3B0F1955032A0F378D281F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_6CD2949AC557022500C02A0F378D2455" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_68FB6B52BE3B0F1955032A0F378D281F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_850F7FAEE74C67C1D7132A0F378D477B" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_6CD2949AC557022500C02A0F378D2455" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_850F7FAEE74C67C1D7132A0F378D477B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNoncashExpense" xlink:label="loc_us-gaap_OtherNoncashExpense_2A89713C6505BF2A31112A0F378D4362" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_OtherNoncashExpense_2A89713C6505BF2A31112A0F378D4362" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_05494427CDE5E69CFA3E2A0F378DBB6D" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_355161DE0CAEB966AAA02A0F378C1A45" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_05494427CDE5E69CFA3E2A0F378DBB6D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BBA4B76EFF0BDF150A0F2A0F378E6BBA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BBA4B76EFF0BDF150A0F2A0F378E6BBA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfProductiveAssets" xlink:label="loc_us-gaap_ProceedsFromSaleOfProductiveAssets_B8FD6B60B21352E846BB2A0F378E5168" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_ProceedsFromSaleOfProductiveAssets_B8FD6B60B21352E846BB2A0F378E5168" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates" xlink:label="loc_us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates_CA540266041B6CDDF8E42A0F378E1DCA" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates_CA540266041B6CDDF8E42A0F378E1DCA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireShortTermInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireShortTermInvestments_794082479578AA085AEA2A0F378E2A1C" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_PaymentsToAcquireShortTermInvestments_794082479578AA085AEA2A0F378E2A1C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:label="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_F2C0D6324C724ECB94F32A0F378E2640" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_F2C0D6324C724ECB94F32A0F378E2640" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCash_538BC5D4015C144406412A0F378EB2C4" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_IncreaseDecreaseInRestrictedCash_538BC5D4015C144406412A0F378EB2C4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="loc_us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_CE7E81AE9C35A6FAF5392A0F378ECE58" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_CE7E81AE9C35A6FAF5392A0F378ECE58" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DecreaseInRestrictedCash" xlink:label="loc_us-gaap_DecreaseInRestrictedCash_A76774D6C7A8674CFA6B2A0F378E3821" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_DecreaseInRestrictedCash_A76774D6C7A8674CFA6B2A0F378E3821" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromInvestments" xlink:label="loc_us-gaap_PaymentsForProceedsFromInvestments_031F62B0977C65E54A382A0F378FF957" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_PaymentsForProceedsFromInvestments_031F62B0977C65E54A382A0F378FF957" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_22865F2B2FAAB85445342A0F378FF9FD" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_890190672F4C986944BE2A0F378D9486" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_22865F2B2FAAB85445342A0F378FF9FD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="loc_us-gaap_PaymentsOfDividends_38AC35C3A2C6C41B8E9C2A0F378F2FD7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_us-gaap_PaymentsOfDividends_38AC35C3A2C6C41B8E9C2A0F378F2FD7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfShortTermDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_223B61FE2CA6E879FE0A2A0F378FA354" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_223B61FE2CA6E879FE0A2A0F378FA354" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt_A7250C5F4BC88132722E2A0F378F3BA9" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt_A7250C5F4BC88132722E2A0F378F3BA9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_4395D981605A68B3D63D2A0F378F0F24" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_4395D981605A68B3D63D2A0F378F0F24" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_7C32889AFDCCB4C174792A0F378F0642" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_7C32889AFDCCB4C174792A0F378F0642" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ProceedsFromStockOptionsExercisedAndOtherFinancingActivities" xlink:label="loc_pg_ProceedsFromStockOptionsExercisedAndOtherFinancingActivities_387D5A7051137CFA79D12A0F378F6FAE" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_pg_ProceedsFromStockOptionsExercisedAndOtherFinancingActivities_387D5A7051137CFA79D12A0F378F6FAE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_57683ADC36AD23C642662A0F3790C8DF" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_873E08FD8E72C0F923852A0F378F3E5D" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_57683ADC36AD23C642662A0F3790C8DF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_A19B0638316201C1C99F2A0F3790F191" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_A19B0638316201C1C99F2A0F3790F191" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_5F00F3475EE3E9A6DC742A0F37903C27" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_5F00F3475EE3E9A6DC742A0F37903C27" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_10C40D83CE3125A9B2972A0F3790A14E" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_81E1FA168535A748DA692A0F378C3C91" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_10C40D83CE3125A9B2972A0F3790A14E" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ConsolidatedStatementsOfEarnings" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_4A6441D9DF2122BFC1D72A0F38AF6121" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_4445B6809E367DA7C5332A0F38AFE3AE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_4A6441D9DF2122BFC1D72A0F38AF6121" xlink:to="loc_us-gaap_StatementTable_4445B6809E367DA7C5332A0F38AFE3AE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_34C7C716230A21CDC06C2A0F38B0C208" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4445B6809E367DA7C5332A0F38AFE3AE" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_34C7C716230A21CDC06C2A0F38B0C208" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_F65EDC1076A2C8A38F5E2A0F38B0890F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_34C7C716230A21CDC06C2A0F38B0C208" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_F65EDC1076A2C8A38F5E2A0F38B0890F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4445B6809E367DA7C5332A0F38AFE3AE" xlink:to="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_24A9CB5E5D3EC59E149C2A0F38B01D3E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_SalesRevenueNet_24A9CB5E5D3EC59E149C2A0F38B01D3E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSold" xlink:label="loc_us-gaap_CostOfGoodsSold_35CC20E0383EBF9B9CF12A0F38B08AC1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_CostOfGoodsSold_35CC20E0383EBF9B9CF12A0F38B08AC1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_3D92EF1610FFE10CD6B72A0F38B0DB5B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_3D92EF1610FFE10CD6B72A0F38B0DB5B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_4E59859C15D512C89E702A0F38B0406E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_OperatingIncomeLoss_4E59859C15D512C89E702A0F38B0406E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_9594617E449391F368592A0F38B0704B" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_InterestExpense_9594617E449391F368592A0F38B0704B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_EBC4A6E1771E5AE8D8F22A0F38B031BC" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_InvestmentIncomeInterest_EBC4A6E1771E5AE8D8F22A0F38B031BC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_110226DF6946E39603352A0F38B0A2E4" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_110226DF6946E39603352A0F38B0A2E4" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes" xlink:label="loc_pg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes_F726FACECD4675AA29B02A0F38B10451" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_pg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes_F726FACECD4675AA29B02A0F38B10451" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_ACDE481E99694E16E54A2A0F38B1B100" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_ACDE481E99694E16E54A2A0F38B1B100" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_7016D044B96C1DA040D72A0F38B1104B" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_7016D044B96C1DA040D72A0F38B1104B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_F7348B42E26E438F55E22A0F38B160D3" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_F7348B42E26E438F55E22A0F38B160D3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_C061F496D7B2BE93284C2A0F38B1774B" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_ProfitLoss_C061F496D7B2BE93284C2A0F38B1774B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_51028966ED672ABC61A62A0F38B2C62E" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_51028966ED672ABC61A62A0F38B2C62E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_8E912876CA70209369F02A0F38B266C9" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_NetIncomeLoss_8E912876CA70209369F02A0F38B266C9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_64C9348F0DCD2CDBD2282A0F38B272AA" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_EarningsPerShareAbstract_64C9348F0DCD2CDBD2282A0F38B272AA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_AB3099678529D946A2282A0F38B2957A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_64C9348F0DCD2CDBD2282A0F38B272AA" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_AB3099678529D946A2282A0F38B2957A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_EF90E6E9F116DE82A9E12A0F38B22049" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_AB3099678529D946A2282A0F38B2957A" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_EF90E6E9F116DE82A9E12A0F38B22049" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare_AD85DE01B326BFF36FD02A0F38B29801" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_AB3099678529D946A2282A0F38B2957A" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare_AD85DE01B326BFF36FD02A0F38B29801" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_00C9B49CD4240837B6182A0F38B21A8B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_AB3099678529D946A2282A0F38B2957A" xlink:to="loc_us-gaap_EarningsPerShareBasic_00C9B49CD4240837B6182A0F38B21A8B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract_EE0CAB4D6CC0F7BA3AE82A0F38B2213B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_64C9348F0DCD2CDBD2282A0F38B272AA" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_EE0CAB4D6CC0F7BA3AE82A0F38B2213B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_737D77FF73D5C3FE3C2C2A0F38B27396" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_EE0CAB4D6CC0F7BA3AE82A0F38B2213B" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_737D77FF73D5C3FE3C2C2A0F38B27396" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare_B3F9196ABF9B372FADA62A0F38B2E17B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_EE0CAB4D6CC0F7BA3AE82A0F38B2213B" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare_B3F9196ABF9B372FADA62A0F38B2E17B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_4C9D2E1790F224CEBE832A0F38B2A008" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_EE0CAB4D6CC0F7BA3AE82A0F38B2213B" xlink:to="loc_us-gaap_EarningsPerShareDiluted_4C9D2E1790F224CEBE832A0F38B2A008" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid_C31F5B2C2F1279C6DF0A2A0F38B34EF8" xlink:type="locator"/>
<link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_C31F5B2C2F1279C6DF0A2A0F38B34EF8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_075F81CD28A72B5F63D62A0F38B3F921" xlink:type="locator"/>
<link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_32123B5E193A9473403D2A0F38B0B223" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_075F81CD28A72B5F63D62A0F38B3F921" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DiscontinuedOperations" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_FA54E3FBB4060582C067CFE4ED8570B3" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_E514283B1137DCDA7700CFE4ED85174A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_FA54E3FBB4060582C067CFE4ED8570B3" xlink:to="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_E514283B1137DCDA7700CFE4ED85174A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DiscontinuedOperationsAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_6375890D27C6B005CA962A0F3764CF34" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_734FB61B5A9702C2C9332A0F3764EAE1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_6375890D27C6B005CA962A0F3764CF34" xlink:to="loc_us-gaap_StatementTable_734FB61B5A9702C2C9332A0F3764EAE1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:label="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_131877BC5DFFC0170A0F2A0F376566CA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_734FB61B5A9702C2C9332A0F3764EAE1" xlink:to="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_131877BC5DFFC0170A0F2A0F376566CA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:label="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_2297A6F16E2BDC3ABCD62A0F37656DDA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_131877BC5DFFC0170A0F2A0F376566CA" xlink:to="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_2297A6F16E2BDC3ABCD62A0F37656DDA" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautyBrandsHeldforSaleMember" xlink:label="loc_pg_BeautyBrandsHeldforSaleMember_35E674AD0CF1B4B05C082A0F3765831E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_2297A6F16E2BDC3ABCD62A0F37656DDA" xlink:to="loc_pg_BeautyBrandsHeldforSaleMember_35E674AD0CF1B4B05C082A0F3765831E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_734FB61B5A9702C2C9332A0F3764EAE1" xlink:to="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DisposalGroupsNumberofProductCategories" xlink:label="loc_pg_DisposalGroupsNumberofProductCategories_367F12F44C091F310CED2A0F3766E3D1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_pg_DisposalGroupsNumberofProductCategories_367F12F44C091F310CED2A0F3766E3D1" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DisposalGroupsNumberofBrands" xlink:label="loc_pg_DisposalGroupsNumberofBrands_F1914307DAC33A0B72CB2A0F3766A1C7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_pg_DisposalGroupsNumberofBrands_F1914307DAC33A0B72CB2A0F3766A1C7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration_9C4BC959892E87F9C5692A0F3766BAB6" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration_9C4BC959892E87F9C5692A0F3766BAB6" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DisposalGroupsConsiderationReceivedShares" xlink:label="loc_pg_DisposalGroupsConsiderationReceivedShares_A9FA5798BCBDC0FB53EE2A0F37662C05" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_pg_DisposalGroupsConsiderationReceivedShares_A9FA5798BCBDC0FB53EE2A0F37662C05" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DisposalGroupsEquityofNewCompany" xlink:label="loc_pg_DisposalGroupsEquityofNewCompany_7EE9805A65014038270F2A0F37665153" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_pg_DisposalGroupsEquityofNewCompany_7EE9805A65014038270F2A0F37665153" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DisposalGroupsValueofDebtAssumed" xlink:label="loc_pg_DisposalGroupsValueofDebtAssumed_B00EED470F2A446B3B192A0F37660FEE" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_pg_DisposalGroupsValueofDebtAssumed_B00EED470F2A446B3B192A0F37660FEE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_C4ED76D3A198FDF2C93E2A0F376632FE" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A1AB677CA7FF5F6210602A0F3765411C" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_C4ED76D3A198FDF2C93E2A0F376632FE" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DiscontinuedOperationsAdditionalInformationOnTablesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_C40E6A6B013047DC82502A0F3775762C" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_9387E64A559E7813B7D22A0F37765386" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_C40E6A6B013047DC82502A0F3775762C" xlink:to="loc_us-gaap_StatementTable_9387E64A559E7813B7D22A0F37765386" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:label="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_57E4C32607A37D00A4D92A0F3776A8D0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9387E64A559E7813B7D22A0F37765386" xlink:to="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_57E4C32607A37D00A4D92A0F3776A8D0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:label="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_3DAE4D3ECC7994906B5D2A0F377657FA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_57E4C32607A37D00A4D92A0F3776A8D0" xlink:to="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_3DAE4D3ECC7994906B5D2A0F377657FA" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautyBrandsHeldforSaleMember" xlink:label="loc_pg_BeautyBrandsHeldforSaleMember_64E30EBB728DA1DBF4222A0F377643F2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_3DAE4D3ECC7994906B5D2A0F377657FA" xlink:to="loc_pg_BeautyBrandsHeldforSaleMember_64E30EBB728DA1DBF4222A0F377643F2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_30D1AE4F15DBFA4537382A0F377684D9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9387E64A559E7813B7D22A0F37765386" xlink:to="loc_us-gaap_StatementLineItems_30D1AE4F15DBFA4537382A0F377684D9" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DisposalGroupsTransitionCost" xlink:label="loc_pg_DisposalGroupsTransitionCost_8E2662B2E4F28CEF24AA2A0F37760384" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_30D1AE4F15DBFA4537382A0F377684D9" xlink:to="loc_pg_DisposalGroupsTransitionCost_8E2662B2E4F28CEF24AA2A0F37760384" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DiscontinuedOperationsCashFlowsForBeautyBrandsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationAlternativeCashFlowInformationAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationAlternativeCashFlowInformationAbstract_1C7851DF446E4F314A462A0F379C204B" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_E104E6098680ED47DDF82A0F379D6820" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationAlternativeCashFlowInformationAbstract_1C7851DF446E4F314A462A0F379C204B" xlink:to="loc_us-gaap_StatementTable_E104E6098680ED47DDF82A0F379D6820" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:label="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_C2C5844E560C3AB332362A0F379D1B67" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_E104E6098680ED47DDF82A0F379D6820" xlink:to="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_C2C5844E560C3AB332362A0F379D1B67" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:label="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_F753B66670839D11D9342A0F379DC080" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_C2C5844E560C3AB332362A0F379D1B67" xlink:to="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_F753B66670839D11D9342A0F379DC080" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautyBrandsHeldforSaleMember" xlink:label="loc_pg_BeautyBrandsHeldforSaleMember_DF450027B4075C7F23AD2A0F379D2975" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_F753B66670839D11D9342A0F379DC080" xlink:to="loc_pg_BeautyBrandsHeldforSaleMember_DF450027B4075C7F23AD2A0F379D2975" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_E104E6098680ED47DDF82A0F379D6820" xlink:to="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:label="loc_us-gaap_DepreciationAndAmortizationDiscontinuedOperations_B25CE26328844A4170902A0F379D3199" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:to="loc_us-gaap_DepreciationAndAmortizationDiscontinuedOperations_B25CE26328844A4170902A0F379D3199" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_5615F8F134B2EA750FE02A0F379D54D2" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_5615F8F134B2EA750FE02A0F379D54D2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfBusiness" xlink:label="loc_us-gaap_GainLossOnSaleOfBusiness_5D6582A41B6A05FFB5242A0F379D12A0" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:to="loc_us-gaap_GainLossOnSaleOfBusiness_5D6582A41B6A05FFB5242A0F379D12A0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedTaxesPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedTaxesPayable_D3908D4A87BDD6A194452A0F379DE620" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedTaxesPayable_D3908D4A87BDD6A194452A0F379DE620" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="loc_us-gaap_IncomeTaxesPaid_507C7E822BD9F5F63CEE2A0F379EF924" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:to="loc_us-gaap_IncomeTaxesPaid_507C7E822BD9F5F63CEE2A0F379EF924" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CapitalExpenditureDiscontinuedOperations" xlink:label="loc_us-gaap_CapitalExpenditureDiscontinuedOperations_534EEFB60B84783AE0CF2A0F379EA48D" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A701D88A03B61D8E112B2A0F379D9E6A" xlink:to="loc_us-gaap_CapitalExpenditureDiscontinuedOperations_534EEFB60B84783AE0CF2A0F379EA48D" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DiscontinuedOperationsNetEarningsFromDiscontinuedOperationsForBeautyBrandsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_2FE3F377411BE06D4E622A0F38DA0433" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_6FB34A7965349647BB152A0F38DB38FC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_2FE3F377411BE06D4E622A0F38DA0433" xlink:to="loc_us-gaap_StatementTable_6FB34A7965349647BB152A0F38DB38FC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:label="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_0987D5A562BFAD27623E2A0F38DB90CE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6FB34A7965349647BB152A0F38DB38FC" xlink:to="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_0987D5A562BFAD27623E2A0F38DB90CE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:label="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_D0C11E46AB2D220891B92A0F38DBE47D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_0987D5A562BFAD27623E2A0F38DB90CE" xlink:to="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_D0C11E46AB2D220891B92A0F38DBE47D" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautyBrandsHeldforSaleMember" xlink:label="loc_pg_BeautyBrandsHeldforSaleMember_C5304A379B26AC07EADC2A0F38DBE0F0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_D0C11E46AB2D220891B92A0F38DBE47D" xlink:to="loc_pg_BeautyBrandsHeldforSaleMember_C5304A379B26AC07EADC2A0F38DBE0F0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6FB34A7965349647BB152A0F38DB38FC" xlink:to="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_79522F46397F78D27BF32A0F38DC5195" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_79522F46397F78D27BF32A0F38DC5195" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_C7FF035CED157623A45A2A0F38DC5427" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_C7FF035CED157623A45A2A0F38DC5427" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_EF5B3863971F477AE6B02A0F38DC01FF" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_EF5B3863971F477AE6B02A0F38DC01FF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_8B09A2AF0B3B25CA471D2A0F38DC44E9" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_8B09A2AF0B3B25CA471D2A0F38DC44E9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherIncome" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherIncome_5DCED6DDA96664E2FC3B2A0F38DCC4C6" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherIncome_5DCED6DDA96664E2FC3B2A0F38DCC4C6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax_A5492DE75C6341C0470D2A0F38DC494F" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax_A5492DE75C6341C0470D2A0F38DC494F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod" xlink:label="loc_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod_53BE15B2EBE53A0E7C3D2A0F38DC91E1" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod_53BE15B2EBE53A0E7C3D2A0F38DC91E1" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GainonDispositionofBusinessBeforeIncomeTaxes" xlink:label="loc_pg_GainonDispositionofBusinessBeforeIncomeTaxes_8695B65E402BC2D967BF2A0F38DC1CCF" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_pg_GainonDispositionofBusinessBeforeIncomeTaxes_8695B65E402BC2D967BF2A0F38DC1CCF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal" xlink:label="loc_us-gaap_DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal_EDA11BBBC0659EF638E02A0F38DC35BB" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal_EDA11BBBC0659EF638E02A0F38DC35BB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_230627D0306D60A16DC12A0F38DCEB1C" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C10EB3AFAABB4038C7A62A0F38DC7E9D" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_230627D0306D60A16DC12A0F38DCEB1C" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DiscontinuedOperationsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_26802023C0AF6C4E4ACE2A0F387B9FDA" xlink:type="locator"/>
<link:loc xlink:href="pg-20180331.xsd#pg_DiscontinuedOperationsandDisposalGroupsBeautyBrandsTableTextBlock" xlink:label="loc_pg_DiscontinuedOperationsandDisposalGroupsBeautyBrandsTableTextBlock_B9C64BBF618F7C8536BD2A0F387B0AD9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_26802023C0AF6C4E4ACE2A0F387B9FDA" xlink:to="loc_pg_DiscontinuedOperationsandDisposalGroupsBeautyBrandsTableTextBlock_B9C64BBF618F7C8536BD2A0F387B0AD9" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/DocumentAndEntityInformation" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="loc_us-gaap_TextBlockAbstract_196ED3E654B3BFBA16BF2A0F390B24FB" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="loc_dei_DocumentInformationTable_1B76F6376DBF7400964D2A0F390B76A4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TextBlockAbstract_196ED3E654B3BFBA16BF2A0F390B24FB" xlink:to="loc_dei_DocumentInformationTable_1B76F6376DBF7400964D2A0F390B76A4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="loc_dei_DocumentInformationDocumentAxis_DF95F1D9750A56BD3D712A0F390C4877" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_1B76F6376DBF7400964D2A0F390B76A4" xlink:to="loc_dei_DocumentInformationDocumentAxis_DF95F1D9750A56BD3D712A0F390C4877" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentDomain" xlink:label="loc_dei_DocumentDomain_CFC9ADD9CDDCA1723E732A0F390C10F8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationDocumentAxis_DF95F1D9750A56BD3D712A0F390C4877" xlink:to="loc_dei_DocumentDomain_CFC9ADD9CDDCA1723E732A0F390C10F8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_1B76F6376DBF7400964D2A0F390B76A4" xlink:to="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_5652A1DA4E38D9960F0B2A0F390CB81A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityRegistrantName_5652A1DA4E38D9960F0B2A0F390CB81A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_4ED7C6F08945EAA041E12A0F390D6DC0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityCentralIndexKey_4ED7C6F08945EAA041E12A0F390D6DC0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_4163AA3F96A8345377A72A0F390DC829" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_CurrentFiscalYearEndDate_4163AA3F96A8345377A72A0F390DC829" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_AC27ACD3216ECAF1E3DE2A0F390DA0D5" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityFilerCategory_AC27ACD3216ECAF1E3DE2A0F390DA0D5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_4E1C7FB58B78AA8581522A0F390DE9BE" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_DocumentType_4E1C7FB58B78AA8581522A0F390DE9BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_0C8A63196424C4EC5F3E2A0F390DC5B2" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_DocumentPeriodEndDate_0C8A63196424C4EC5F3E2A0F390DC5B2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_83F244C1CADB37FC52D82A0F390DBFD0" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_DocumentFiscalYearFocus_83F244C1CADB37FC52D82A0F390DBFD0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_05E771E5F5192461760B2A0F390D0B3F" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_DocumentFiscalPeriodFocus_05E771E5F5192461760B2A0F390D0B3F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_1829EE3A36A489DE2B252A0F390DF143" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_AmendmentFlag_1829EE3A36A489DE2B252A0F390DF143" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_016153DA698B81165DCA2A0F390D008F" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_TradingSymbol_016153DA698B81165DCA2A0F390D008F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer_02E0F99A1369E7F537E42A0F390D310A" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityWellKnownSeasonedIssuer_02E0F99A1369E7F537E42A0F390D310A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_dei_EntityCurrentReportingStatus_9EB84EE900A04633E2A02A0F390E4A51" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityCurrentReportingStatus_9EB84EE900A04633E2A02A0F390E4A51" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_dei_EntityVoluntaryFilers_F570ADED79D5704EA6792A0F390EF087" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityVoluntaryFilers_F570ADED79D5704EA6792A0F390EF087" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_D1B3A191CE9A9AF538332A0F390EBA95" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_429A78F0835345BDFB2B2A0F390CD265" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_D1B3A191CE9A9AF538332A0F390EBA95" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/EarningsPerShare" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_51E8F4497FC2B7EB30CB2A0F38889D94" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_1D10C14330A82B9DC3022A0F3889A103" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_51E8F4497FC2B7EB30CB2A0F38889D94" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_1D10C14330A82B9DC3022A0F3889A103" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/EarningsPerShareAntidilutiveSecuritiesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_7E3B96713175A801FB7A2A0F37DEF47C" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_B9927C4A408F45C2A01B2A0F37DEF4D6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_7E3B96713175A801FB7A2A0F37DEF47C" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_B9927C4A408F45C2A01B2A0F37DEF4D6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_83833A4B35BCC8DE5BC12A0F37DEE0CF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_B9927C4A408F45C2A01B2A0F37DEF4D6" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_83833A4B35BCC8DE5BC12A0F37DEE0CF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_38EFA66F933E504015FA2A0F37DE21F0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_83833A4B35BCC8DE5BC12A0F37DEE0CF" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_38EFA66F933E504015FA2A0F37DE21F0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="loc_us-gaap_EmployeeStockOptionMember_73D61CC4795FF4B4BC4E2A0F37DE6B1B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_38EFA66F933E504015FA2A0F37DE21F0" xlink:to="loc_us-gaap_EmployeeStockOptionMember_73D61CC4795FF4B4BC4E2A0F37DE6B1B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_8259998B15C6667EB5952A0F37DE1A88" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_B9927C4A408F45C2A01B2A0F37DEF4D6" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_8259998B15C6667EB5952A0F37DE1A88" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_98045C3B668F5EB021902A0F37DE2CC1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_8259998B15C6667EB5952A0F37DE1A88" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_98045C3B668F5EB021902A0F37DE2CC1" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/EarningsPerShareDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_33F3C8A4634CB768A4972A0F37BC822C" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_6A4840A5AF6EF12112C02A0F37BDD46C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_33F3C8A4634CB768A4972A0F37BC822C" xlink:to="loc_us-gaap_StatementTable_6A4840A5AF6EF12112C02A0F37BDD46C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="loc_us-gaap_StatementOperatingActivitiesSegmentAxis_4AB1BC17ECA6A515B0502A0F37BD508E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6A4840A5AF6EF12112C02A0F37BDD46C" xlink:to="loc_us-gaap_StatementOperatingActivitiesSegmentAxis_4AB1BC17ECA6A515B0502A0F37BD508E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="loc_us-gaap_SegmentOperatingActivitiesDomain_BAC38FF3DD8CC31ACD882A0F37BD2252" xlink:type="locator"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOperatingActivitiesSegmentAxis_4AB1BC17ECA6A515B0502A0F37BD508E" xlink:to="loc_us-gaap_SegmentOperatingActivitiesDomain_BAC38FF3DD8CC31ACD882A0F37BD2252" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentContinuingOperationsMember" xlink:label="loc_us-gaap_SegmentContinuingOperationsMember_097443299FA9380C38322A0F37BD60AB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentOperatingActivitiesDomain_BAC38FF3DD8CC31ACD882A0F37BD2252" xlink:to="loc_us-gaap_SegmentContinuingOperationsMember_097443299FA9380C38322A0F37BD60AB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDiscontinuedOperationsMember" xlink:label="loc_us-gaap_SegmentDiscontinuedOperationsMember_007DA24E80CD061002B42A0F37BDAE73" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentOperatingActivitiesDomain_BAC38FF3DD8CC31ACD882A0F37BD2252" xlink:to="loc_us-gaap_SegmentDiscontinuedOperationsMember_007DA24E80CD061002B42A0F37BDAE73" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_B8693D9F4AF49951096C2A0F37BDAE03" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6A4840A5AF6EF12112C02A0F37BDD46C" xlink:to="loc_us-gaap_StatementLineItems_B8693D9F4AF49951096C2A0F37BDAE03" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareReconciliationAbstract" xlink:label="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B8693D9F4AF49951096C2A0F37BDAE03" xlink:to="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_7C8BA0976AE6AD9737842A0F37BD1C13" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:to="loc_us-gaap_ProfitLoss_7C8BA0976AE6AD9737842A0F37BD1C13" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_ABD08FF8825F351513B32A0F37BE56D7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_ABD08FF8825F351513B32A0F37BE56D7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToParentDiluted" xlink:label="loc_us-gaap_NetIncomeLossAttributableToParentDiluted_A754750EA90063DE00CE2A0F37BEED63" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:to="loc_us-gaap_NetIncomeLossAttributableToParentDiluted_A754750EA90063DE00CE2A0F37BEED63" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_48856B802239CBFC457B2A0F37BE10A5" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:to="loc_us-gaap_DividendsPreferredStock_48856B802239CBFC457B2A0F37BE10A5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5E204F18EB46B29BE7E02A0F37BE017D" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_79D8381428454DCE690F2A0F37BD990D" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5E204F18EB46B29BE7E02A0F37BE017D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_651977B0990340F156262A0F37BFE78B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B8693D9F4AF49951096C2A0F37BDAE03" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_651977B0990340F156262A0F37BFE78B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_F78C2C71559E142CEABC2A0F37BFF4B7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_651977B0990340F156262A0F37BFE78B" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_F78C2C71559E142CEABC2A0F37BFF4B7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_7697A21237D324BF693A2A0F37BFB59F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_651977B0990340F156262A0F37BFE78B" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_7697A21237D324BF693A2A0F37BFB59F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock_E77BE5D39EF2364AF3AA2A0F37BF235A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_7697A21237D324BF693A2A0F37BFB59F" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock_E77BE5D39EF2364AF3AA2A0F37BF235A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2B88D66F5A9FCDB8AE482A0F37BFE282" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_7697A21237D324BF693A2A0F37BFB59F" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2B88D66F5A9FCDB8AE482A0F37BFE282" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_14F6AB21DA26C8D45BA22A0F37BF8939" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_7697A21237D324BF693A2A0F37BFB59F" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_14F6AB21DA26C8D45BA22A0F37BF8939" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_6192948EDF4F6F6ADD2A2A0F37BF200B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B8693D9F4AF49951096C2A0F37BDAE03" xlink:to="loc_us-gaap_EarningsPerShareBasic_6192948EDF4F6F6ADD2A2A0F37BF200B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_D42D67322AD42DE659B52A0F37BFF6A3" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B8693D9F4AF49951096C2A0F37BDAE03" xlink:to="loc_us-gaap_EarningsPerShareDiluted_D42D67322AD42DE659B52A0F37BFF6A3" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/EarningsPerShareTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_7210242EAF8EBA3D421B2A0F3876FCCF" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_E1C2A1BDD975CDDEBF2D2A0F387610C2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_7210242EAF8EBA3D421B2A0F3876FCCF" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_E1C2A1BDD975CDDEBF2D2A0F387610C2" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssets" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C0272BF76D03801A33F92A0F3803E89E" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_101C5DA11C51D5420B972A0F3803BCDF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C0272BF76D03801A33F92A0F3803E89E" xlink:to="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_101C5DA11C51D5420B972A0F3803BCDF" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_51098539D813A99DF56ED53208920D32" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionsTable" xlink:label="loc_us-gaap_OtherSignificantNoncashTransactionsTable_DD3C60A515F6B25249CFD53208936C32" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_51098539D813A99DF56ED53208920D32" xlink:to="loc_us-gaap_OtherSignificantNoncashTransactionsTable_DD3C60A515F6B25249CFD53208936C32" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_C5ADE627E022A1D817C1D53208930AEA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_DD3C60A515F6B25249CFD53208936C32" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_C5ADE627E022A1D817C1D53208930AEA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_23F5100EAF4952E785A1D5320893BD05" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_C5ADE627E022A1D817C1D53208930AEA" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_23F5100EAF4952E785A1D5320893BD05" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefinitelivedIntangibleAssetsMember" xlink:label="loc_us-gaap_IndefinitelivedIntangibleAssetsMember_0D46C49823D573E87C8FD5320893C689" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_23F5100EAF4952E785A1D5320893BD05" xlink:to="loc_us-gaap_IndefinitelivedIntangibleAssetsMember_0D46C49823D573E87C8FD5320893C689" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_CA387835F8EED31D32DFD53208936CB1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_DD3C60A515F6B25249CFD53208936C32" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_CA387835F8EED31D32DFD53208936CB1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_4BC190DFEF3D99131CC0D53208932C3E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_CA387835F8EED31D32DFD53208936CB1" xlink:to="loc_us-gaap_SegmentDomain_4BC190DFEF3D99131CC0D53208932C3E" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GilletteMember" xlink:label="loc_pg_GilletteMember_977C3BD302F064D22C9ED536DFE45F7A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_4BC190DFEF3D99131CC0D53208932C3E" xlink:to="loc_pg_GilletteMember_977C3BD302F064D22C9ED536DFE45F7A" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ShaveCareMember" xlink:label="loc_pg_ShaveCareMember_2334BC0B4A74D31E427ED5342994751D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_4BC190DFEF3D99131CC0D53208932C3E" xlink:to="loc_pg_ShaveCareMember_2334BC0B4A74D31E427ED5342994751D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionsLineItems" xlink:label="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_FD8EC0799295F307466ED5320893ED32" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_DD3C60A515F6B25249CFD53208936C32" xlink:to="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_FD8EC0799295F307466ED5320893ED32" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_FED0B0F5378877E1C554D53208949543" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_FD8EC0799295F307466ED5320893ED32" xlink:to="loc_us-gaap_AmortizationOfIntangibleAssets_FED0B0F5378877E1C554D53208949543" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount" xlink:label="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_5034964F79396387A441D53208946839" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_FD8EC0799295F307466ED5320893ED32" xlink:to="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_5034964F79396387A441D53208946839" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_677AE0091492B68ADB42D53208946C68" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_FD8EC0799295F307466ED5320893ED32" xlink:to="loc_us-gaap_Goodwill_677AE0091492B68ADB42D53208946C68" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_60074850FB5AD5AB1F10D53208943AF4" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_FD8EC0799295F307466ED5320893ED32" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_60074850FB5AD5AB1F10D53208943AF4" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsAdditionalInformationOtherDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_E373474C10E627B62299D8E5128EAA44" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionsTable" xlink:label="loc_us-gaap_OtherSignificantNoncashTransactionsTable_443342D6BCFCE303F585D8E517583920" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_E373474C10E627B62299D8E5128EAA44" xlink:to="loc_us-gaap_OtherSignificantNoncashTransactionsTable_443342D6BCFCE303F585D8E517583920" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_41C6A8B9B3C56DB9A046D8E517CB21C8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_443342D6BCFCE303F585D8E517583920" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_41C6A8B9B3C56DB9A046D8E517CB21C8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_8CCF20E051F0861C4DA9D8E5195302A1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_41C6A8B9B3C56DB9A046D8E517CB21C8" xlink:to="loc_us-gaap_SegmentDomain_8CCF20E051F0861C4DA9D8E5195302A1" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ShaveCareMember" xlink:label="loc_pg_ShaveCareMember_B73936F31BD544DC95CED8E517EDD9D0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_8CCF20E051F0861C4DA9D8E5195302A1" xlink:to="loc_pg_ShaveCareMember_B73936F31BD544DC95CED8E517EDD9D0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionsLineItems" xlink:label="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_91C3B272B36890074E5FD8E5175AC667" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_443342D6BCFCE303F585D8E517583920" xlink:to="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_91C3B272B36890074E5FD8E5175AC667" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount" xlink:label="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_70673D1979C6148A1C67D8E517AB8CDA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_91C3B272B36890074E5FD8E5175AC667" xlink:to="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_70673D1979C6148A1C67D8E517AB8CDA" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsChangeInNetCarryingAmountOfGoodwillByGlobalBusinessUnitDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_B9F8D9D0250A2D06A6AC6D2A0F88FB0E" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfGoodwillTable" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable_1F80C860A13E6B3BD3626D2A0F883F79" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_B9F8D9D0250A2D06A6AC6D2A0F88FB0E" xlink:to="loc_us-gaap_ScheduleOfGoodwillTable_1F80C860A13E6B3BD3626D2A0F883F79" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_588257C0FBA70761EAE86D2A0F89E6C8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_1F80C860A13E6B3BD3626D2A0F883F79" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_588257C0FBA70761EAE86D2A0F89E6C8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_588257C0FBA70761EAE86D2A0F89E6C8" xlink:to="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautySegmentMember" xlink:label="loc_pg_BeautySegmentMember_054311493F45C04E5A256D2A0F8AD886" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:to="loc_pg_BeautySegmentMember_054311493F45C04E5A256D2A0F8AD886" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GroomingSegmentMember" xlink:label="loc_pg_GroomingSegmentMember_0D9B42A64E295CE4FC256D2A0F8AB01A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:to="loc_pg_GroomingSegmentMember_0D9B42A64E295CE4FC256D2A0F8AB01A" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_HealthCareSegmentMember" xlink:label="loc_pg_HealthCareSegmentMember_D91472EE85E308A403FE6D2A0F8A3C13" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:to="loc_pg_HealthCareSegmentMember_D91472EE85E308A403FE6D2A0F8A3C13" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_FabricCareAndHomeCareSegmentMember" xlink:label="loc_pg_FabricCareAndHomeCareSegmentMember_F3946B404DC1012CE4856D2A0F8A4929" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:to="loc_pg_FabricCareAndHomeCareSegmentMember_F3946B404DC1012CE4856D2A0F8A4929" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BabyFeminineandFamilyCareSegmentMember" xlink:label="loc_pg_BabyFeminineandFamilyCareSegmentMember_A7A9A778916A661D6F876D2A0F8A03C5" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_81B6F7CA70F2E798954A6D2A0F89606C" xlink:to="loc_pg_BabyFeminineandFamilyCareSegmentMember_A7A9A778916A661D6F876D2A0F8A03C5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillLineItems" xlink:label="loc_us-gaap_GoodwillLineItems_165F58F67F743D38036B6D2A0F8B5D0E" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_1F80C860A13E6B3BD3626D2A0F883F79" xlink:to="loc_us-gaap_GoodwillLineItems_165F58F67F743D38036B6D2A0F8B5D0E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillRollForward" xlink:label="loc_us-gaap_GoodwillRollForward_3DB4B46B222A626770EF6D2A0F8BEB15" xlink:type="locator"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillLineItems_165F58F67F743D38036B6D2A0F8B5D0E" xlink:to="loc_us-gaap_GoodwillRollForward_3DB4B46B222A626770EF6D2A0F8BEB15" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_E7122D14A53A64A544096D2A0F8BA625" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillRollForward_3DB4B46B222A626770EF6D2A0F8BEB15" xlink:to="loc_us-gaap_Goodwill_E7122D14A53A64A544096D2A0F8BA625" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GoodwillAcquisitionsandDivestitures" xlink:label="loc_pg_GoodwillAcquisitionsandDivestitures_669D674299C8192DF8886D2A0F8B09EC" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillRollForward_3DB4B46B222A626770EF6D2A0F8BEB15" xlink:to="loc_pg_GoodwillAcquisitionsandDivestitures_669D674299C8192DF8886D2A0F8B09EC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillTranslationAndPurchaseAccountingAdjustments" xlink:label="loc_us-gaap_GoodwillTranslationAndPurchaseAccountingAdjustments_714B2E0231B8D421FFB86D2A0F8CD1CC" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillRollForward_3DB4B46B222A626770EF6D2A0F8BEB15" xlink:to="loc_us-gaap_GoodwillTranslationAndPurchaseAccountingAdjustments_714B2E0231B8D421FFB86D2A0F8CD1CC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_6786E62523081BAFAD7D6D2A0F8C6B5E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillRollForward_3DB4B46B222A626770EF6D2A0F8BEB15" xlink:to="loc_us-gaap_Goodwill_6786E62523081BAFAD7D6D2A0F8C6B5E" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsFairValueSensitivityDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_06129C62ED546E9C0C122A0F38CB951A" xlink:type="locator"/>
<link:loc xlink:href="pg-20180331.xsd#pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable" xlink:label="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_06129C62ED546E9C0C122A0F38CB951A" xlink:to="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GoodwillAxis" xlink:label="loc_pg_GoodwillAxis_8674232A980E5101690A2A0F38CCC802" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:to="loc_pg_GoodwillAxis_8674232A980E5101690A2A0F38CCC802" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GoodwillDomain" xlink:label="loc_pg_GoodwillDomain_699758867650BF6DF0DC2A0F38CCE942" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_GoodwillAxis_8674232A980E5101690A2A0F38CCC802" xlink:to="loc_pg_GoodwillDomain_699758867650BF6DF0DC2A0F38CCE942" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillMember" xlink:label="loc_us-gaap_GoodwillMember_56F7757D04501B1444E82A0F38CCD2C2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_GoodwillDomain_699758867650BF6DF0DC2A0F38CCE942" xlink:to="loc_us-gaap_GoodwillMember_56F7757D04501B1444E82A0F38CCD2C2" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_PotentialImpactstoEstimatedFairValueAxis" xlink:label="loc_pg_PotentialImpactstoEstimatedFairValueAxis_F764DBABF90C5CC03EAC2A0F38CCAD8F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:to="loc_pg_PotentialImpactstoEstimatedFairValueAxis_F764DBABF90C5CC03EAC2A0F38CCAD8F" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_PotentialImpactstoEstimatedFairValueDomain" xlink:label="loc_pg_PotentialImpactstoEstimatedFairValueDomain_4189C8B066AFC40972182A0F38CC8CB9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_PotentialImpactstoEstimatedFairValueAxis_F764DBABF90C5CC03EAC2A0F38CCAD8F" xlink:to="loc_pg_PotentialImpactstoEstimatedFairValueDomain_4189C8B066AFC40972182A0F38CC8CB9" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_A50bpsIncreaseDiscountRateMember" xlink:label="loc_pg_A50bpsIncreaseDiscountRateMember_BEDBE14683ED91AA48392A0F38CD4261" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_PotentialImpactstoEstimatedFairValueDomain_4189C8B066AFC40972182A0F38CC8CB9" xlink:to="loc_pg_A50bpsIncreaseDiscountRateMember_BEDBE14683ED91AA48392A0F38CD4261" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_A50bpsDecreaseLongTermGrowthMember" xlink:label="loc_pg_A50bpsDecreaseLongTermGrowthMember_EBD2E1B67F99595442BF2A0F38CDD2D9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_PotentialImpactstoEstimatedFairValueDomain_4189C8B066AFC40972182A0F38CC8CB9" xlink:to="loc_pg_A50bpsDecreaseLongTermGrowthMember_EBD2E1B67F99595442BF2A0F38CDD2D9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_07259377A3FE7BD8EAEF2A0F38CDF348" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_07259377A3FE7BD8EAEF2A0F38CDF348" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_CFACA0AE21E59A53636E2A0F38CD69CA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_07259377A3FE7BD8EAEF2A0F38CDF348" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_CFACA0AE21E59A53636E2A0F38CD69CA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefinitelivedIntangibleAssetsMember" xlink:label="loc_us-gaap_IndefinitelivedIntangibleAssetsMember_F1FA203B71248461C5862A0F38CDFFD2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_CFACA0AE21E59A53636E2A0F38CD69CA" xlink:to="loc_us-gaap_IndefinitelivedIntangibleAssetsMember_F1FA203B71248461C5862A0F38CDFFD2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_54C12B737370E4C378032A0F38CD230F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_54C12B737370E4C378032A0F38CD230F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_910BD09FCAFF460DE3092A0F38CD8E06" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_54C12B737370E4C378032A0F38CD230F" xlink:to="loc_us-gaap_SegmentDomain_910BD09FCAFF460DE3092A0F38CD8E06" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ShaveCareMember" xlink:label="loc_pg_ShaveCareMember_AE871B593A88E09D5C732A0F38CE90E9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_910BD09FCAFF460DE3092A0F38CD8E06" xlink:to="loc_pg_ShaveCareMember_AE871B593A88E09D5C732A0F38CE90E9" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GilletteMember" xlink:label="loc_pg_GilletteMember_42A308B9DE6A5DA65ADB2A0F38CEB1FB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_910BD09FCAFF460DE3092A0F38CD8E06" xlink:to="loc_pg_GilletteMember_42A308B9DE6A5DA65ADB2A0F38CEB1FB" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESLineItems" xlink:label="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESLineItems_1EC7DEA5A4247C7C44DE2A0F38CE4983" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESTable_9258582B13E20B24D15A2A0F38CC08D9" xlink:to="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESLineItems_1EC7DEA5A4247C7C44DE2A0F38CE4983" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_PercentChangeinEstimatedFairValue" xlink:label="loc_pg_PercentChangeinEstimatedFairValue_1FE049CF05D91B2D103B2A0F38CE4063" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_SCHEDULEOFPOTENTIALIMPACTSTOESTIMATEDFAIRVALUESLineItems_1EC7DEA5A4247C7C44DE2A0F38CE4983" xlink:to="loc_pg_PercentChangeinEstimatedFairValue_1FE049CF05D91B2D103B2A0F38CE4063" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsIdentifiableIntangibleAssetsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C80B13C4D35071D10FF12A0F3846CA64" xlink:type="locator"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTable" xlink:label="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTable_3330E506662B0E063D432A0F3846E1F9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C80B13C4D35071D10FF12A0F3846CA64" xlink:to="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTable_3330E506662B0E063D432A0F3846E1F9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_60170EFEF12EC89CFCC32A0F38466B25" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTable_3330E506662B0E063D432A0F3846E1F9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_60170EFEF12EC89CFCC32A0F38466B25" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_CCB844E7F8A973D318B32A0F3846D1ED" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_60170EFEF12EC89CFCC32A0F38466B25" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_CCB844E7F8A973D318B32A0F3846D1ED" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMember" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMember_FF00930AD5ADFBC14CB02A0F3846D4E4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_CCB844E7F8A973D318B32A0F3846D1ED" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMember_FF00930AD5ADFBC14CB02A0F3846D4E4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_0A934C39649C0B81F8112A0F3846FCAD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTable_3330E506662B0E063D432A0F3846E1F9" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_0A934C39649C0B81F8112A0F3846FCAD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_3CCE095442BC8892D82E2A0F38467D3A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_0A934C39649C0B81F8112A0F3846FCAD" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_3CCE095442BC8892D82E2A0F38467D3A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IndefinitelivedIntangibleAssetsMember" xlink:label="loc_us-gaap_IndefinitelivedIntangibleAssetsMember_FDE1D699789F89899BB22A0F3847F9F6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_3CCE095442BC8892D82E2A0F38467D3A" xlink:to="loc_us-gaap_IndefinitelivedIntangibleAssetsMember_FDE1D699789F89899BB22A0F3847F9F6" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsLineItems" xlink:label="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsLineItems_B9BEE2114DB6FE46136C2A0F38475BEE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTable_3330E506662B0E063D432A0F3846E1F9" xlink:to="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsLineItems_B9BEE2114DB6FE46136C2A0F38475BEE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IntangibleAssetsGrossExcludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_9057C3EF08EBC2B3706F2A0F38470C1B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsLineItems_B9BEE2114DB6FE46136C2A0F38475BEE" xlink:to="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_9057C3EF08EBC2B3706F2A0F38470C1B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_E89BA3705D5C357795292A0F38477F4B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsLineItems_B9BEE2114DB6FE46136C2A0F38475BEE" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_E89BA3705D5C357795292A0F38477F4B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/GoodwillAndOtherIntangibleAssetsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_2D8A3393481253AD36682A0F380D11A6" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfGoodwillTextBlock" xlink:label="loc_us-gaap_ScheduleOfGoodwillTextBlock_E7D623B3C745C80A4A442A0F380DCA94" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_2D8A3393481253AD36682A0F380D11A6" xlink:to="loc_us-gaap_ScheduleOfGoodwillTextBlock_E7D623B3C745C80A4A442A0F380DCA94" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_271A8F34A2CCE704FE032A0F380D2A36" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_2D8A3393481253AD36682A0F380D11A6" xlink:to="loc_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_271A8F34A2CCE704FE032A0F380D2A36" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ScheduleofPotentialImpactstoEstimatedFairValuesTableTextBlock" xlink:label="loc_pg_ScheduleofPotentialImpactstoEstimatedFairValuesTableTextBlock_262AFAA58D95D44C7EF92A0F380D7090" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_2D8A3393481253AD36682A0F380D11A6" xlink:to="loc_pg_ScheduleofPotentialImpactstoEstimatedFairValuesTableTextBlock_262AFAA58D95D44C7EF92A0F380D7090" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/NewAccountingPronouncementsAndPolicies" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingChangesAndErrorCorrectionsAbstract" xlink:label="loc_us-gaap_AccountingChangesAndErrorCorrectionsAbstract_3A742B5550D499038AB52A0F3805C61A" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingChangesAndErrorCorrectionsTextBlock" xlink:label="loc_us-gaap_AccountingChangesAndErrorCorrectionsTextBlock_324A9E854B0C4A1656C42A0F3806178F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingChangesAndErrorCorrectionsAbstract_3A742B5550D499038AB52A0F3805C61A" xlink:to="loc_us-gaap_AccountingChangesAndErrorCorrectionsTextBlock_324A9E854B0C4A1656C42A0F3806178F" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/NewAccountingPronouncementsAndPoliciesUSTaxReformDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_27A7E3757DEA4765ED092A0F38910D88" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_65D13D1866263F7867C02A0F3891B3BA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_27A7E3757DEA4765ED092A0F38910D88" xlink:to="loc_us-gaap_StatementTable_65D13D1866263F7867C02A0F3891B3BA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="loc_us-gaap_IncomeTaxAuthorityAxis_3CA21F958971936A6FF02A0F3892A855" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_65D13D1866263F7867C02A0F3891B3BA" xlink:to="loc_us-gaap_IncomeTaxAuthorityAxis_3CA21F958971936A6FF02A0F3892A855" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityDomain" xlink:label="loc_us-gaap_IncomeTaxAuthorityDomain_1E6CE9BE0078CEB23DA62A0F3892A914" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityAxis_3CA21F958971936A6FF02A0F3892A855" xlink:to="loc_us-gaap_IncomeTaxAuthorityDomain_1E6CE9BE0078CEB23DA62A0F3892A914" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_U.S.TaxCutsandJobsActEffective2018Member" xlink:label="loc_pg_U.S.TaxCutsandJobsActEffective2018Member_21DB42C6CC4DFD5794092A0F3892C5E1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityDomain_1E6CE9BE0078CEB23DA62A0F3892A914" xlink:to="loc_pg_U.S.TaxCutsandJobsActEffective2018Member_21DB42C6CC4DFD5794092A0F3892C5E1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_BC88CADB96AE02FCC6572A0F389267B4" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_65D13D1866263F7867C02A0F3891B3BA" xlink:to="loc_us-gaap_StatementScenarioAxis_BC88CADB96AE02FCC6572A0F389267B4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_B824D7D1F7353442277E2A0F3892176F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_BC88CADB96AE02FCC6572A0F389267B4" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_B824D7D1F7353442277E2A0F3892176F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="loc_us-gaap_ScenarioForecastMember_9E0B2F3D73A089A9F4342A0F389326C5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_B824D7D1F7353442277E2A0F3892176F" xlink:to="loc_us-gaap_ScenarioForecastMember_9E0B2F3D73A089A9F4342A0F389326C5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_65D13D1866263F7867C02A0F3891B3BA" xlink:to="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_DC0567D0285BE81F0E962A0F38937DA0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_DC0567D0285BE81F0E962A0F38937DA0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:label="loc_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_FE3226A6FC2DCD22863B2A0F389301FE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:to="loc_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_FE3226A6FC2DCD22863B2A0F389301FE" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_EffectiveIncomeTaxRateReconciliationatFederalStatutoryIncomeTaxRateBaseRatePercent" xlink:label="loc_pg_EffectiveIncomeTaxRateReconciliationatFederalStatutoryIncomeTaxRateBaseRatePercent_AF5DEA0ACBA6F64B434A2A0F38937CCC" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:to="loc_pg_EffectiveIncomeTaxRateReconciliationatFederalStatutoryIncomeTaxRateBaseRatePercent_AF5DEA0ACBA6F64B434A2A0F38937CCC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_8F546B3A36E8B47F32EC2A0F3893CC76" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_8F546B3A36E8B47F32EC2A0F3893CC76" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxReconciliationRepatriationOfForeignEarnings" xlink:label="loc_us-gaap_IncomeTaxReconciliationRepatriationOfForeignEarnings_9082A9BBA197B722E4FB2A0F38934AF2" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:to="loc_us-gaap_IncomeTaxReconciliationRepatriationOfForeignEarnings_9082A9BBA197B722E4FB2A0F38934AF2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_621AAB84386B2CBE600C2A0F38939090" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2A70B80FA1AA6DF979B2A0F3893BCAD" xlink:to="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_621AAB84386B2CBE600C2A0F38939090" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RestructuringProgram" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedActivitiesAbstract" xlink:label="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_B57F6AA4A8668D3B3DEDCFE4E61B4B09" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock" xlink:label="loc_us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock_AE8BF1BB34A59200DAF2CFE4E61CC714" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_B57F6AA4A8668D3B3DEDCFE4E61B4B09" xlink:to="loc_us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock_AE8BF1BB34A59200DAF2CFE4E61CC714" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RestructuringProgramAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedActivitiesAbstract" xlink:label="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_82DFF080425F207899962A0F37A98A6B" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_82DFF080425F207899962A0F37A98A6B" xlink:to="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_21A0EEA4BC7E26B905BF2A0F37A930F9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:to="loc_us-gaap_StatementScenarioAxis_21A0EEA4BC7E26B905BF2A0F37A930F9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_C9866292AF08A80C97992A0F37AA26CA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_21A0EEA4BC7E26B905BF2A0F37A930F9" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_C9866292AF08A80C97992A0F37AA26CA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="loc_us-gaap_ScenarioForecastMember_0E486EA72D6E490C261D2A0F37AAFBD3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_C9866292AF08A80C97992A0F37AA26CA" xlink:to="loc_us-gaap_ScenarioForecastMember_0E486EA72D6E490C261D2A0F37AAFBD3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCostAndReserveAxis" xlink:label="loc_us-gaap_RestructuringCostAndReserveAxis_BA9BAC1375B0E70D5D842A0F37AB241A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:to="loc_us-gaap_RestructuringCostAndReserveAxis_BA9BAC1375B0E70D5D842A0F37AB241A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfRestructuringDomain" xlink:label="loc_us-gaap_TypeOfRestructuringDomain_543E30CD6D59C9022C642A0F37AB4CEC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringCostAndReserveAxis_BA9BAC1375B0E70D5D842A0F37AB241A" xlink:to="loc_us-gaap_TypeOfRestructuringDomain_543E30CD6D59C9022C642A0F37AB4CEC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeSeveranceMember" xlink:label="loc_us-gaap_EmployeeSeveranceMember_5A18014746355835A1632A0F37AB5CD0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfRestructuringDomain_543E30CD6D59C9022C642A0F37AB4CEC" xlink:to="loc_us-gaap_EmployeeSeveranceMember_5A18014746355835A1632A0F37AB5CD0" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_NonManufacturingOverheadPersonnelMember" xlink:label="loc_pg_NonManufacturingOverheadPersonnelMember_F7FD62E3668E7F9634852A0F37AB4FE2" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfRestructuringDomain_543E30CD6D59C9022C642A0F37AB4CEC" xlink:to="loc_pg_NonManufacturingOverheadPersonnelMember_F7FD62E3668E7F9634852A0F37AB4FE2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_8016B28A984754E82AAB2A0F37AB7CE2" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_8016B28A984754E82AAB2A0F37AB7CE2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_A029FA2710DBC11796EE2A0F37AB9B35" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_8016B28A984754E82AAB2A0F37AB7CE2" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_A029FA2710DBC11796EE2A0F37AB9B35" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_SellingGeneralAndAdministrativeExpenseMember" xlink:label="loc_pg_SellingGeneralAndAdministrativeExpenseMember_7B9D17C9CAE4D237331C2A0F37AB9FB5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_A029FA2710DBC11796EE2A0F37AB9B35" xlink:to="loc_pg_SellingGeneralAndAdministrativeExpenseMember_7B9D17C9CAE4D237331C2A0F37AB9FB5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSegmentMember" xlink:label="loc_us-gaap_CostOfGoodsSegmentMember_8C2926FD9ED00FBC92C42A0F37AB0602" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_A029FA2710DBC11796EE2A0F37AB9B35" xlink:to="loc_us-gaap_CostOfGoodsSegmentMember_8C2926FD9ED00FBC92C42A0F37AB0602" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_4E675504660FBB74F9392A0F37AB7801" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:to="loc_us-gaap_RangeAxis_4E675504660FBB74F9392A0F37AB7801" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_A8E9B00DD30CC864EE4E2A0F37ABC08B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_4E675504660FBB74F9392A0F37AB7801" xlink:to="loc_us-gaap_RangeMember_A8E9B00DD30CC864EE4E2A0F37ABC08B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_39D0ACD8AA06B972989B2A0F37AC7DE1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_A8E9B00DD30CC864EE4E2A0F37ABC08B" xlink:to="loc_us-gaap_MinimumMember_39D0ACD8AA06B972989B2A0F37AC7DE1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_77BEBBCA067B07653B9E2A0F37AC1D62" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_A8E9B00DD30CC864EE4E2A0F37ABC08B" xlink:to="loc_us-gaap_MaximumMember_77BEBBCA067B07653B9E2A0F37AC1D62" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A46B474B0E2E8BF9D3CF2A0F37AC3DF0" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6BDB66444F1C4A77E7352A0F37A9F5E4" xlink:to="loc_us-gaap_StatementLineItems_A46B474B0E2E8BF9D3CF2A0F37AC3DF0" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_RestructuringandRelatedCostAmountsHistoricallyIncurred" xlink:label="loc_pg_RestructuringandRelatedCostAmountsHistoricallyIncurred_B647649AD1BA5F4897B12A0F37AC911B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A46B474B0E2E8BF9D3CF2A0F37AC3DF0" xlink:to="loc_pg_RestructuringandRelatedCostAmountsHistoricallyIncurred_B647649AD1BA5F4897B12A0F37AC911B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedCostExpectedCost1" xlink:label="loc_us-gaap_RestructuringAndRelatedCostExpectedCost1_53AE83BA795C12DDC90F2A0F37ACDFBB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A46B474B0E2E8BF9D3CF2A0F37AC3DF0" xlink:to="loc_us-gaap_RestructuringAndRelatedCostExpectedCost1_53AE83BA795C12DDC90F2A0F37ACDFBB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCharges" xlink:label="loc_us-gaap_RestructuringCharges_249EC178AB568AD000FE2A0F37ADACE4" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A46B474B0E2E8BF9D3CF2A0F37AC3DF0" xlink:to="loc_us-gaap_RestructuringCharges_249EC178AB568AD000FE2A0F37ADACE4" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_RestructuringandRelatedCostNumberofSeverancePackagesExecuted" xlink:label="loc_pg_RestructuringandRelatedCostNumberofSeverancePackagesExecuted_A2C31235751C5897EA112A0F37ADF39A" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A46B474B0E2E8BF9D3CF2A0F37AC3DF0" xlink:to="loc_pg_RestructuringandRelatedCostNumberofSeverancePackagesExecuted_A2C31235751C5897EA112A0F37ADF39A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RestructuringProgramRestructuringCostsPerSegmentDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedActivitiesAbstract" xlink:label="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_6F307415D11E049B2CBE2A0F385B3238" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:label="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_057D2E70D1FE48FEC5CE2A0F385BD0C2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_6F307415D11E049B2CBE2A0F385B3238" xlink:to="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_057D2E70D1FE48FEC5CE2A0F385BD0C2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_963BB1492F5AB74E551C2A0F385C2AE4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_057D2E70D1FE48FEC5CE2A0F385BD0C2" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_963BB1492F5AB74E551C2A0F385C2AE4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_963BB1492F5AB74E551C2A0F385C2AE4" xlink:to="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautySegmentMember" xlink:label="loc_pg_BeautySegmentMember_56C64A6473CC58A483642A0F385CD83F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:to="loc_pg_BeautySegmentMember_56C64A6473CC58A483642A0F385CD83F" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GroomingSegmentMember" xlink:label="loc_pg_GroomingSegmentMember_FD7B3B57F867C02A72DE2A0F385C7F78" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:to="loc_pg_GroomingSegmentMember_FD7B3B57F867C02A72DE2A0F385C7F78" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_HealthCareSegmentMember" xlink:label="loc_pg_HealthCareSegmentMember_66FBAE2D30A7BECC2DBE2A0F385C7AB7" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:to="loc_pg_HealthCareSegmentMember_66FBAE2D30A7BECC2DBE2A0F385C7AB7" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_FabricCareAndHomeCareSegmentMember" xlink:label="loc_pg_FabricCareAndHomeCareSegmentMember_48C973C15BDA54CB70742A0F385DB4EA" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:to="loc_pg_FabricCareAndHomeCareSegmentMember_48C973C15BDA54CB70742A0F385DB4EA" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BabyFeminineandFamilyCareSegmentMember" xlink:label="loc_pg_BabyFeminineandFamilyCareSegmentMember_72C2380C81E992B6BD1E2A0F385D1EFE" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:to="loc_pg_BabyFeminineandFamilyCareSegmentMember_72C2380C81E992B6BD1E2A0F385D1EFE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateMember" xlink:label="loc_us-gaap_CorporateMember_3BA05793DC8EC8C292942A0F385D0B40" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_58CFD9C8E23FF97317DA2A0F385CC07C" xlink:to="loc_us-gaap_CorporateMember_3BA05793DC8EC8C292942A0F385D0B40" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCostAndReserveLineItems" xlink:label="loc_us-gaap_RestructuringCostAndReserveLineItems_CCB189EB498E55ED1CAE2A0F385D1458" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_057D2E70D1FE48FEC5CE2A0F385BD0C2" xlink:to="loc_us-gaap_RestructuringCostAndReserveLineItems_CCB189EB498E55ED1CAE2A0F385D1458" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCharges" xlink:label="loc_us-gaap_RestructuringCharges_5D3B5B928652B7CE55A72A0F385D1D2F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringCostAndReserveLineItems_CCB189EB498E55ED1CAE2A0F385D1458" xlink:to="loc_us-gaap_RestructuringCharges_5D3B5B928652B7CE55A72A0F385D1D2F" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RestructuringProgramRestructuringReserveByTypeOfCostsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedActivitiesAbstract" xlink:label="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_F367767D09DD57DEDE736D2A0E797DA5" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRestructuringAndRelatedCostsTable" xlink:label="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_D8BC8A8CF990CFDB21DF6D2A0E7952FB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_F367767D09DD57DEDE736D2A0E797DA5" xlink:to="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_D8BC8A8CF990CFDB21DF6D2A0E7952FB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCostAndReserveAxis" xlink:label="loc_us-gaap_RestructuringCostAndReserveAxis_B28AFFCF60415AD882086D2A0E790B2B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_D8BC8A8CF990CFDB21DF6D2A0E7952FB" xlink:to="loc_us-gaap_RestructuringCostAndReserveAxis_B28AFFCF60415AD882086D2A0E790B2B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfRestructuringDomain" xlink:label="loc_us-gaap_TypeOfRestructuringDomain_042020149B98672D42B26D2A0E79C7F4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringCostAndReserveAxis_B28AFFCF60415AD882086D2A0E790B2B" xlink:to="loc_us-gaap_TypeOfRestructuringDomain_042020149B98672D42B26D2A0E79C7F4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeSeveranceMember" xlink:label="loc_us-gaap_EmployeeSeveranceMember_30354712EE18F2070D5C6D2A0E7AC33B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfRestructuringDomain_042020149B98672D42B26D2A0E79C7F4" xlink:to="loc_us-gaap_EmployeeSeveranceMember_30354712EE18F2070D5C6D2A0E7AC33B" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_AssetRelatedCostsMember" xlink:label="loc_pg_AssetRelatedCostsMember_6C8CEE1ECBA6E2E238E16D2A0E7A645B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfRestructuringDomain_042020149B98672D42B26D2A0E79C7F4" xlink:to="loc_pg_AssetRelatedCostsMember_6C8CEE1ECBA6E2E238E16D2A0E7A645B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherRestructuringMember" xlink:label="loc_us-gaap_OtherRestructuringMember_28F7F2E7AC7C65678C606D2A0E7A3FDC" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfRestructuringDomain_042020149B98672D42B26D2A0E79C7F4" xlink:to="loc_us-gaap_OtherRestructuringMember_28F7F2E7AC7C65678C606D2A0E7A3FDC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCostAndReserveLineItems" xlink:label="loc_us-gaap_RestructuringCostAndReserveLineItems_FA75C9069F6BD0D3B37C6D2A0E7AB1B1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTable_D8BC8A8CF990CFDB21DF6D2A0E7952FB" xlink:to="loc_us-gaap_RestructuringCostAndReserveLineItems_FA75C9069F6BD0D3B37C6D2A0E7AB1B1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringReserveRollForward" xlink:label="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringCostAndReserveLineItems_FA75C9069F6BD0D3B37C6D2A0E7AB1B1" xlink:to="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringReserve" xlink:label="loc_us-gaap_RestructuringReserve_1E8B8282653652C768BB6D2A0E7ACDE5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:to="loc_us-gaap_RestructuringReserve_1E8B8282653652C768BB6D2A0E7ACDE5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringCharges" xlink:label="loc_us-gaap_RestructuringCharges_56179BFE18D9FBBA50096D2A0E7F8A69" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:to="loc_us-gaap_RestructuringCharges_56179BFE18D9FBBA50096D2A0E7F8A69" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRestructuring" xlink:label="loc_us-gaap_PaymentsForRestructuring_388AC478A18F4545ACA96D2A0E7F74FE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:to="loc_us-gaap_PaymentsForRestructuring_388AC478A18F4545ACA96D2A0E7F74FE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringReserveSettledWithoutCash2" xlink:label="loc_us-gaap_RestructuringReserveSettledWithoutCash2_5CA2756446997306180D6D2A0E80DE4E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:to="loc_us-gaap_RestructuringReserveSettledWithoutCash2_5CA2756446997306180D6D2A0E80DE4E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringReserve" xlink:label="loc_us-gaap_RestructuringReserve_4DB03C7D44C0432562186D2A0E80967A" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringReserveRollForward_A747B15C69165D9A18356D2A0E7A7FEE" xlink:to="loc_us-gaap_RestructuringReserve_4DB03C7D44C0432562186D2A0E80967A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RestructuringProgramTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestructuringAndRelatedActivitiesAbstract" xlink:label="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_D7ECB4B68E539E73DC732A0F38EB1D1E" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock" xlink:label="loc_us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock_4DF3163B99AFE9C63E692A0F38EB9CC3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_D7ECB4B68E539E73DC732A0F38EB1D1E" xlink:to="loc_us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock_4DF3163B99AFE9C63E692A0F38EB9CC3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock" xlink:label="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock_1E466D20DDF3855A3EF92A0F38EB6579" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringAndRelatedActivitiesAbstract_D7ECB4B68E539E73DC732A0F38EB1D1E" xlink:to="loc_us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock_1E466D20DDF3855A3EF92A0F38EB6579" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurements" xlink:type="extended">
<link:loc xlink:href="pg-20180331.xsd#pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract" xlink:label="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_AC988FD6604D26C3FC25CFE4E8278D81" xlink:type="locator"/>
<link:loc xlink:href="pg-20180331.xsd#pg_RiskManagementAndFairValueTextBlock" xlink:label="loc_pg_RiskManagementAndFairValueTextBlock_DE9E406BB0BFF8291B96CFE4E828C9DC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_AC988FD6604D26C3FC25CFE4E8278D81" xlink:to="loc_pg_RiskManagementAndFairValueTextBlock_DE9E406BB0BFF8291B96CFE4E828C9DC" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_CF1AF4133383573697972A0F37CA12DD" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_38B106B2140F1F1D74092A0F37CA64BE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_CF1AF4133383573697972A0F37CA12DD" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_38B106B2140F1F1D74092A0F37CA64BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_6D36DE9215750397D1A12A0F37CA5512" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_38B106B2140F1F1D74092A0F37CA64BE" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_6D36DE9215750397D1A12A0F37CA5512" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_F77A14E536A4B5BE212D2A0F37CA6C21" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_6D36DE9215750397D1A12A0F37CA5512" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_F77A14E536A4B5BE212D2A0F37CA6C21" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_8CC11EB05DEF51FC41B72A0F37CB8FBE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_F77A14E536A4B5BE212D2A0F37CA6C21" xlink:to="loc_us-gaap_USTreasuryAndGovernmentMember_8CC11EB05DEF51FC41B72A0F37CB8FBE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateBondSecuritiesMember" xlink:label="loc_us-gaap_CorporateBondSecuritiesMember_97D74482888A6A1055D82A0F37CB3146" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_F77A14E536A4B5BE212D2A0F37CA6C21" xlink:to="loc_us-gaap_CorporateBondSecuritiesMember_97D74482888A6A1055D82A0F37CB3146" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_B924EC5C41C25FE6B0762A0F37CBD9FD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_38B106B2140F1F1D74092A0F37CA64BE" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_B924EC5C41C25FE6B0762A0F37CBD9FD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_09C179CE121E9F5054C42A0F37CCA1BD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_B924EC5C41C25FE6B0762A0F37CBD9FD" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_09C179CE121E9F5054C42A0F37CCA1BD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_F46921C78E680FB13F072A0F37CC21B2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_09C179CE121E9F5054C42A0F37CCA1BD" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_F46921C78E680FB13F072A0F37CC21B2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D7A7E3726EAA2B8241742A0F37CC0253" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_38B106B2140F1F1D74092A0F37CA64BE" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D7A7E3726EAA2B8241742A0F37CC0253" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_D3716368FAE52D1DB88C2A0F37CC8E6B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D7A7E3726EAA2B8241742A0F37CC0253" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_D3716368FAE52D1DB88C2A0F37CC8E6B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_95F894BAB6201FBA9F4F2A0F37CCA4D1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D7A7E3726EAA2B8241742A0F37CC0253" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_95F894BAB6201FBA9F4F2A0F37CCA4D1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_4707994FC1D431C19C442A0F37CC7617" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D7A7E3726EAA2B8241742A0F37CC0253" xlink:to="loc_us-gaap_LongTermDebtFairValue_4707994FC1D431C19C442A0F37CC7617" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_LongTermDebtCurrentMaturitiesMeasuredAtFairValue" xlink:label="loc_pg_LongTermDebtCurrentMaturitiesMeasuredAtFairValue_7A383D0FB35D2C8A36252A0F37CCAE08" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D7A7E3726EAA2B8241742A0F37CC0253" xlink:to="loc_pg_LongTermDebtCurrentMaturitiesMeasuredAtFairValue_7A383D0FB35D2C8A36252A0F37CCAE08" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsAssetsMeasuredAtFairValueOnRecurringBasisDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_40C99793DD89220C3A572A0F384DD2D7" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_A64FC6BB785D1CE507D02A0F384D72C8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_40C99793DD89220C3A572A0F384DD2D7" xlink:to="loc_us-gaap_StatementTable_A64FC6BB785D1CE507D02A0F384D72C8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_2F9F2BFD2544F2BB3B932A0F384D2051" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_A64FC6BB785D1CE507D02A0F384D72C8" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_2F9F2BFD2544F2BB3B932A0F384D2051" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_DDD5BC53F476579F479E2A0F384D91B6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_2F9F2BFD2544F2BB3B932A0F384D2051" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_DDD5BC53F476579F479E2A0F384D91B6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_C36439C664C59C68BC4F2A0F384DF6F2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_DDD5BC53F476579F479E2A0F384D91B6" xlink:to="loc_us-gaap_USTreasuryAndGovernmentMember_C36439C664C59C68BC4F2A0F384DF6F2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateBondSecuritiesMember" xlink:label="loc_us-gaap_CorporateBondSecuritiesMember_37FEAE5306BD9A559C442A0F384E0241" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_DDD5BC53F476579F479E2A0F384D91B6" xlink:to="loc_us-gaap_CorporateBondSecuritiesMember_37FEAE5306BD9A559C442A0F384E0241" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherInvestmentsMember" xlink:label="loc_us-gaap_OtherInvestmentsMember_AEF15F45C6F46BB734282A0F384EF62D" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_DDD5BC53F476579F479E2A0F384D91B6" xlink:to="loc_us-gaap_OtherInvestmentsMember_AEF15F45C6F46BB734282A0F384EF62D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_ABD7BF53BFBBFF88C3CE2A0F384EF677" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_A64FC6BB785D1CE507D02A0F384D72C8" xlink:to="loc_us-gaap_StatementLineItems_ABD7BF53BFBBFF88C3CE2A0F384EF677" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentsFairValueDisclosure" xlink:label="loc_us-gaap_InvestmentsFairValueDisclosure_F298957DD18741C9484A2A0F384EFD76" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ABD7BF53BFBBFF88C3CE2A0F384EF677" xlink:to="loc_us-gaap_InvestmentsFairValueDisclosure_F298957DD18741C9484A2A0F384EFD76" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsDerivativeNotionalAmountsAndFairValueAdditionalInformationDetailsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_7D6DCCDB4895F517EBFF2A0F389AD28B" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_FECCA827FF3E1C4CDDFE2A0F389AEA41" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_7D6DCCDB4895F517EBFF2A0F389AD28B" xlink:to="loc_us-gaap_DerivativeTable_FECCA827FF3E1C4CDDFE2A0F389AEA41" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="loc_us-gaap_UnderlyingAssetClassAxis_BEFFF0DF7F40A6416FEF2A0F389AB8F6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FECCA827FF3E1C4CDDFE2A0F389AEA41" xlink:to="loc_us-gaap_UnderlyingAssetClassAxis_BEFFF0DF7F40A6416FEF2A0F389AB8F6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="loc_us-gaap_UnderlyingAssetClassDomain_F6ECD61977A3CA1D45D42A0F389A2C5D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_UnderlyingAssetClassAxis_BEFFF0DF7F40A6416FEF2A0F389AB8F6" xlink:to="loc_us-gaap_UnderlyingAssetClassDomain_F6ECD61977A3CA1D45D42A0F389A2C5D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnderlyingOtherMember" xlink:label="loc_us-gaap_UnderlyingOtherMember_52A8A9FC6510D73FB3A12A0F389BD504" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_UnderlyingAssetClassDomain_F6ECD61977A3CA1D45D42A0F389A2C5D" xlink:to="loc_us-gaap_UnderlyingOtherMember_52A8A9FC6510D73FB3A12A0F389BD504" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_1FD08F10BB150A4ABC8E2A0F389BD28F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FECCA827FF3E1C4CDDFE2A0F389AEA41" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_1FD08F10BB150A4ABC8E2A0F389BD28F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_E5B4D6A9E8D504B7E7ED2A0F389B2CE3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_1FD08F10BB150A4ABC8E2A0F389BD28F" xlink:to="loc_us-gaap_HedgingRelationshipDomain_E5B4D6A9E8D504B7E7ED2A0F389B2CE3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="loc_us-gaap_FairValueHedgingMember_FFFC75DFD18E8C447A552A0F389B1573" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_E5B4D6A9E8D504B7E7ED2A0F389B2CE3" xlink:to="loc_us-gaap_FairValueHedgingMember_FFFC75DFD18E8C447A552A0F389B1573" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_CC6B67EA454DCBDC2FB22A0F389B473E" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FECCA827FF3E1C4CDDFE2A0F389AEA41" xlink:to="loc_us-gaap_DerivativeLineItems_CC6B67EA454DCBDC2FB22A0F389B473E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_52ED85C30A268328CB8A2A0F389B4A29" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_CC6B67EA454DCBDC2FB22A0F389B473E" xlink:to="loc_invest_DerivativeNotionalAmount_52ED85C30A268328CB8A2A0F389B4A29" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsDerivativeNotionalAmountsAndFairValueDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_C99FD2DF960779ABDABD2A0F37F0F990" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_BBBBED5126EFE3DAABBD2A0F37F07CC2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_C99FD2DF960779ABDABD2A0F37F0F990" xlink:to="loc_us-gaap_DerivativeTable_BBBBED5126EFE3DAABBD2A0F37F07CC2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_97D20E34331C0AF0B2B82A0F37F0C4CE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_BBBBED5126EFE3DAABBD2A0F37F07CC2" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_97D20E34331C0AF0B2B82A0F37F0C4CE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_7DDA553DD5F1C4F3A5992A0F37F01738" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_97D20E34331C0AF0B2B82A0F37F0C4CE" xlink:to="loc_us-gaap_HedgingRelationshipDomain_7DDA553DD5F1C4F3A5992A0F37F01738" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="loc_us-gaap_FairValueHedgingMember_EACCFB9C0D672D7C3C002A0F37F08F90" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_7DDA553DD5F1C4F3A5992A0F37F01738" xlink:to="loc_us-gaap_FairValueHedgingMember_EACCFB9C0D672D7C3C002A0F37F08F90" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetInvestmentHedgingMember" xlink:label="loc_us-gaap_NetInvestmentHedgingMember_5645491BC7B6C613811A2A0F37F17E93" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_7DDA553DD5F1C4F3A5992A0F37F01738" xlink:to="loc_us-gaap_NetInvestmentHedgingMember_5645491BC7B6C613811A2A0F37F17E93" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_5C63CAA003D85C2776022A0F37F1F267" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_BBBBED5126EFE3DAABBD2A0F37F07CC2" xlink:to="loc_us-gaap_HedgingDesignationAxis_5C63CAA003D85C2776022A0F37F1F267" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_9F4A8B01EAFF4BAD4E192A0F37F164DB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_5C63CAA003D85C2776022A0F37F1F267" xlink:to="loc_us-gaap_HedgingDesignationDomain_9F4A8B01EAFF4BAD4E192A0F37F164DB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="loc_us-gaap_NondesignatedMember_4F133DDADB2B8A9E027E2A0F37F2A725" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_9F4A8B01EAFF4BAD4E192A0F37F164DB" xlink:to="loc_us-gaap_NondesignatedMember_4F133DDADB2B8A9E027E2A0F37F2A725" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_34EDA54C2FBFB0D2D40A2A0F37F209CD" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_BBBBED5126EFE3DAABBD2A0F37F07CC2" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_34EDA54C2FBFB0D2D40A2A0F37F209CD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_06462C3EC035DA6BDB3C2A0F37F2A83D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_34EDA54C2FBFB0D2D40A2A0F37F209CD" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_06462C3EC035DA6BDB3C2A0F37F2A83D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_2E21A27090290EF33AA32A0F37F2EFC5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_06462C3EC035DA6BDB3C2A0F37F2A83D" xlink:to="loc_us-gaap_InterestRateContractMember_2E21A27090290EF33AA32A0F37F2EFC5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ForeignExchangeContractMember" xlink:label="loc_us-gaap_ForeignExchangeContractMember_45C72C7530AF81C375EA2A0F37F2C030" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_06462C3EC035DA6BDB3C2A0F37F2A83D" xlink:to="loc_us-gaap_ForeignExchangeContractMember_45C72C7530AF81C375EA2A0F37F2C030" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ForeignCurrencyContractsMember" xlink:label="loc_pg_ForeignCurrencyContractsMember_4E6A10E77867FEC9846A2A0F37F27CF3" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_06462C3EC035DA6BDB3C2A0F37F2A83D" xlink:to="loc_pg_ForeignCurrencyContractsMember_4E6A10E77867FEC9846A2A0F37F27CF3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_2F839119E2EEE4CF1AE12A0F37F2F271" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_BBBBED5126EFE3DAABBD2A0F37F07CC2" xlink:to="loc_us-gaap_DerivativeLineItems_2F839119E2EEE4CF1AE12A0F37F2F271" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_1CB308EC1D8E9179598D2A0F37F2A134" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_2F839119E2EEE4CF1AE12A0F37F2F271" xlink:to="loc_invest_DerivativeNotionalAmount_1CB308EC1D8E9179598D2A0F37F2A134" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_9DA9639190C967B0FA452A0F37F352D0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_2F839119E2EEE4CF1AE12A0F37F2F271" xlink:to="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_9DA9639190C967B0FA452A0F37F352D0" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsGainLossOnDerivativeInstrumentsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_54FC0A224C3895C5B24A2A0F37D64C61" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_8D733F1C438431E8BAFC2A0F37D6BBC7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_54FC0A224C3895C5B24A2A0F37D64C61" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_8D733F1C438431E8BAFC2A0F37D6BBC7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_096744C729126BE0F1972A0F37D6E4CF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_8D733F1C438431E8BAFC2A0F37D6BBC7" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_096744C729126BE0F1972A0F37D6E4CF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_7DDEB61C84D8E12B3F172A0F37D71045" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_096744C729126BE0F1972A0F37D6E4CF" xlink:to="loc_us-gaap_HedgingRelationshipDomain_7DDEB61C84D8E12B3F172A0F37D71045" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowHedgingMember" xlink:label="loc_us-gaap_CashFlowHedgingMember_A2838CDFEE4C3ED69A3E2A0F37D72EB3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_7DDEB61C84D8E12B3F172A0F37D71045" xlink:to="loc_us-gaap_CashFlowHedgingMember_A2838CDFEE4C3ED69A3E2A0F37D72EB3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="loc_us-gaap_FairValueHedgingMember_A4EED5F70FA97BD32A112A0F37D7F6FA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_7DDEB61C84D8E12B3F172A0F37D71045" xlink:to="loc_us-gaap_FairValueHedgingMember_A4EED5F70FA97BD32A112A0F37D7F6FA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_2E9464FD4C3DF93DA2252A0F37D7FF8D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_8D733F1C438431E8BAFC2A0F37D6BBC7" xlink:to="loc_us-gaap_HedgingDesignationAxis_2E9464FD4C3DF93DA2252A0F37D7FF8D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_71228B79E7EA4FE69D1A2A0F37D79F15" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_2E9464FD4C3DF93DA2252A0F37D7FF8D" xlink:to="loc_us-gaap_HedgingDesignationDomain_71228B79E7EA4FE69D1A2A0F37D79F15" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="loc_us-gaap_NondesignatedMember_CCB5E4A20EFBED251A452A0F37D7A9EE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_71228B79E7EA4FE69D1A2A0F37D79F15" xlink:to="loc_us-gaap_NondesignatedMember_CCB5E4A20EFBED251A452A0F37D7A9EE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_0F5A8A99B39399F3CACE2A0F37D70E48" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_8D733F1C438431E8BAFC2A0F37D6BBC7" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_0F5A8A99B39399F3CACE2A0F37D70E48" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_1ED6A44F88C4362B27042A0F37D7E61A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_0F5A8A99B39399F3CACE2A0F37D70E48" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_1ED6A44F88C4362B27042A0F37D7E61A" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_ForeignCurrencyContractsMember" xlink:label="loc_pg_ForeignCurrencyContractsMember_106ED234FB36355CD0102A0F37D72251" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_1ED6A44F88C4362B27042A0F37D7E61A" xlink:to="loc_pg_ForeignCurrencyContractsMember_106ED234FB36355CD0102A0F37D72251" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_5C54D01674412F02BBD42A0F37D8F10F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_1ED6A44F88C4362B27042A0F37D7E61A" xlink:to="loc_us-gaap_InterestRateContractMember_5C54D01674412F02BBD42A0F37D8F10F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtMember" xlink:label="loc_us-gaap_DebtMember_CE8DC294260B51D3FD992A0F37D8BBD5" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_1ED6A44F88C4362B27042A0F37D7E61A" xlink:to="loc_us-gaap_DebtMember_CE8DC294260B51D3FD992A0F37D8BBD5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_630B7257A9711CF4E3A52A0F37D86602" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_8D733F1C438431E8BAFC2A0F37D6BBC7" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_630B7257A9711CF4E3A52A0F37D86602" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet_E17CAA1D600A50172E312A0F37D82210" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_630B7257A9711CF4E3A52A0F37D86602" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet_E17CAA1D600A50172E312A0F37D82210" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_D71485F1A6730671E7AB2A0F37D8794D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_630B7257A9711CF4E3A52A0F37D86602" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNet_D71485F1A6730671E7AB2A0F37D8794D" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsGainLossOnDerivativeInstrumentsEffectivePortionDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_F77403E044FDAE970B382A0F386F4DC5" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FAF38997178D04A7F822A0F386F7D43" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_F77403E044FDAE970B382A0F386F4DC5" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FAF38997178D04A7F822A0F386F7D43" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_640322375B410290C31B2A0F386F77A0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FAF38997178D04A7F822A0F386F7D43" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_640322375B410290C31B2A0F386F77A0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_5BB31C49395276584C4C2A0F386F043B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_640322375B410290C31B2A0F386F77A0" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_5BB31C49395276584C4C2A0F386F043B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ForeignExchangeContractMember" xlink:label="loc_us-gaap_ForeignExchangeContractMember_A9F034CA8E6FDA2BAFC02A0F386F769B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5BB31C49395276584C4C2A0F386F043B" xlink:to="loc_us-gaap_ForeignExchangeContractMember_A9F034CA8E6FDA2BAFC02A0F386F769B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_3C9243050B28DBBD7A8D2A0F386F81A6" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FAF38997178D04A7F822A0F386F7D43" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_3C9243050B28DBBD7A8D2A0F386F81A6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_E2875FC5FC0D4D4244B92A0F386F92C6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_3C9243050B28DBBD7A8D2A0F386F81A6" xlink:to="loc_us-gaap_HedgingRelationshipDomain_E2875FC5FC0D4D4244B92A0F386F92C6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetInvestmentHedgingMember" xlink:label="loc_us-gaap_NetInvestmentHedgingMember_1CD559D91E9F8E56E3132A0F386FC9C4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_E2875FC5FC0D4D4244B92A0F386F92C6" xlink:to="loc_us-gaap_NetInvestmentHedgingMember_1CD559D91E9F8E56E3132A0F386FC9C4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_82B45B5A8F9BAE957E082A0F3870BF5B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FAF38997178D04A7F822A0F386F7D43" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_82B45B5A8F9BAE957E082A0F3870BF5B" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_AccumulatedOtherComprehensiveIncomeAmountofGainLossRecognizedonDerivatives" xlink:label="loc_pg_AccumulatedOtherComprehensiveIncomeAmountofGainLossRecognizedonDerivatives_F1D4ACD173012ECE31392A0F387052C0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_82B45B5A8F9BAE957E082A0F3870BF5B" xlink:to="loc_pg_AccumulatedOtherComprehensiveIncomeAmountofGainLossRecognizedonDerivatives_F1D4ACD173012ECE31392A0F387052C0" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/RiskManagementActivitiesAndFairValueMeasurementsTables" xlink:type="extended">
<link:loc xlink:href="pg-20180331.xsd#pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract" xlink:label="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_9BDEADDBFE21478BDB672A0F37B1084B" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_4F25A2E2BA07383D56F32A0F37B14564" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_9BDEADDBFE21478BDB672A0F37B1084B" xlink:to="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_4F25A2E2BA07383D56F32A0F37B14564" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_1026ADEE64A9CA8DAF482A0F37B1F48F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_9BDEADDBFE21478BDB672A0F37B1084B" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_1026ADEE64A9CA8DAF482A0F37B1F48F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock_8E80827091BA004F10352A0F37B11421" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_9BDEADDBFE21478BDB672A0F37B1084B" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock_8E80827091BA004F10352A0F37B11421" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_F918B53086753DC97C082A0F37B1C580" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pg_RiskManagementActivitiesAndFairValueMeasurementsAbstract_9BDEADDBFE21478BDB672A0F37B1084B" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_F918B53086753DC97C082A0F37B1C580" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/SegmentInformation" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_2D946C2F5EB3F6C53F472A0F38507114" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_121153C3782E9169A6822A0F3851D976" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_2D946C2F5EB3F6C53F472A0F38507114" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_121153C3782E9169A6822A0F3851D976" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/SegmentInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_D2256A1B10D540B9EB312A0F38BFE8D9" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_AEF3E6E363228F3D44052A0F38C05346" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_D2256A1B10D540B9EB312A0F38BFE8D9" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_AEF3E6E363228F3D44052A0F38C05346" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_47E25657586FC29B17892A0F38C0D419" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_AEF3E6E363228F3D44052A0F38C05346" xlink:to="loc_us-gaap_StatementScenarioAxis_47E25657586FC29B17892A0F38C0D419" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_9D3A4FC19FE10156427F2A0F38C0B349" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_47E25657586FC29B17892A0F38C0D419" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_9D3A4FC19FE10156427F2A0F38C0B349" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_F94BA004D9916D147F522A0F38C019BE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_AEF3E6E363228F3D44052A0F38C05346" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_F94BA004D9916D147F522A0F38C019BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_F94BA004D9916D147F522A0F38C019BE" xlink:to="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BeautySegmentMember" xlink:label="loc_pg_BeautySegmentMember_6B726EABD67839A2086D2A0F38C0DB7C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:to="loc_pg_BeautySegmentMember_6B726EABD67839A2086D2A0F38C0DB7C" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_GroomingSegmentMember" xlink:label="loc_pg_GroomingSegmentMember_332927500A6F7CD13A3C2A0F38C0F81F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:to="loc_pg_GroomingSegmentMember_332927500A6F7CD13A3C2A0F38C0F81F" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_HealthCareSegmentMember" xlink:label="loc_pg_HealthCareSegmentMember_7280EA8EF96FC7A46DE82A0F38C0428F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:to="loc_pg_HealthCareSegmentMember_7280EA8EF96FC7A46DE82A0F38C0428F" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_FabricCareAndHomeCareSegmentMember" xlink:label="loc_pg_FabricCareAndHomeCareSegmentMember_FD1BA77D67E5B132DA9A2A0F38C029AA" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:to="loc_pg_FabricCareAndHomeCareSegmentMember_FD1BA77D67E5B132DA9A2A0F38C029AA" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_BabyFeminineandFamilyCareSegmentMember" xlink:label="loc_pg_BabyFeminineandFamilyCareSegmentMember_992E949894196135C9C02A0F38C1DC2F" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:to="loc_pg_BabyFeminineandFamilyCareSegmentMember_992E949894196135C9C02A0F38C1DC2F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateMember" xlink:label="loc_us-gaap_CorporateMember_849C3F6451E944DF06892A0F38C170FD" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_EE75053F3A1137F8C0232A0F38C0C9BD" xlink:to="loc_us-gaap_CorporateMember_849C3F6451E944DF06892A0F38C170FD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_9725831EDC4BD4BFD08D2A0F38C179E7" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_AEF3E6E363228F3D44052A0F38C05346" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_9725831EDC4BD4BFD08D2A0F38C179E7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_5B354624E7D6CFCC29092A0F38C1C4AA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_9725831EDC4BD4BFD08D2A0F38C179E7" xlink:to="loc_us-gaap_SalesRevenueNet_5B354624E7D6CFCC29092A0F38C1C4AA" xlink:type="arc"/>
<link:loc xlink:href="pg-20180331.xsd#pg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes" xlink:label="loc_pg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes_86977477710405A2BCC22A0F38C17BEA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_9725831EDC4BD4BFD08D2A0F38C179E7" xlink:to="loc_pg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes_86977477710405A2BCC22A0F38C17BEA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_C391584C56212D6D7E552A0F38C28946" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_9725831EDC4BD4BFD08D2A0F38C179E7" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_C391584C56212D6D7E552A0F38C28946" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/SegmentInformationTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_1D0C58CDB60F18297ED12A0F38D1595B" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_D511BAC3D990EDB4B4BD2A0F38D1746A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_1D0C58CDB60F18297ED12A0F38D1595B" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_D511BAC3D990EDB4B4BD2A0F38D1746A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefits" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_2EC1457429929E48D0F0CFE10CF8BA06" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CompensationAndEmployeeBenefitPlansTextBlock" xlink:label="loc_us-gaap_CompensationAndEmployeeBenefitPlansTextBlock_EA6230835D0120691C93CFE10CF8C9CB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_2EC1457429929E48D0F0CFE10CF8BA06" xlink:to="loc_us-gaap_CompensationAndEmployeeBenefitPlansTextBlock_EA6230835D0120691C93CFE10CF8C9CB" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefitsAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_8B2BFDB8C4F1FB8799312A0F37E509A4" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_55464F5722127804B16A2A0F37E55327" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_8B2BFDB8C4F1FB8799312A0F37E509A4" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_55464F5722127804B16A2A0F37E55327" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="loc_us-gaap_StatementOperatingActivitiesSegmentAxis_0ED3EE7E1C4E5DC774CC2A0F37E62992" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_55464F5722127804B16A2A0F37E55327" xlink:to="loc_us-gaap_StatementOperatingActivitiesSegmentAxis_0ED3EE7E1C4E5DC774CC2A0F37E62992" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="loc_us-gaap_SegmentOperatingActivitiesDomain_F3E1B04FCFF38B13BAEF2A0F37E676C4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOperatingActivitiesSegmentAxis_0ED3EE7E1C4E5DC774CC2A0F37E62992" xlink:to="loc_us-gaap_SegmentOperatingActivitiesDomain_F3E1B04FCFF38B13BAEF2A0F37E676C4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDiscontinuedOperationsMember" xlink:label="loc_us-gaap_SegmentDiscontinuedOperationsMember_CE433AC09B39ABBF6A562A0F37E623DD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentOperatingActivitiesDomain_F3E1B04FCFF38B13BAEF2A0F37E676C4" xlink:to="loc_us-gaap_SegmentDiscontinuedOperationsMember_CE433AC09B39ABBF6A562A0F37E623DD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_EB2EF70A67D77F75CE192A0F37E6080B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_55464F5722127804B16A2A0F37E55327" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_EB2EF70A67D77F75CE192A0F37E6080B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_D9B539B269304618C2E92A0F37E606AE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_EB2EF70A67D77F75CE192A0F37E6080B" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_D9B539B269304618C2E92A0F37E606AE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_9AA3AAB5CBCF69DA90812A0F37E6581A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_D9B539B269304618C2E92A0F37E606AE" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_9AA3AAB5CBCF69DA90812A0F37E6581A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_1EE8F3B336769DB8EFB82A0F37E65FC7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_D9B539B269304618C2E92A0F37E606AE" xlink:to="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_1EE8F3B336769DB8EFB82A0F37E65FC7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_B5F15E7D12BB815F2FA92A0F37E78D07" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_55464F5722127804B16A2A0F37E55327" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_B5F15E7D12BB815F2FA92A0F37E78D07" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1" xlink:label="loc_us-gaap_DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1_7F91FBAF3ABF8A2835242A0F37E79CC9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_B5F15E7D12BB815F2FA92A0F37E78D07" xlink:to="loc_us-gaap_DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1_7F91FBAF3ABF8A2835242A0F37E79CC9" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefitsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D617331C206D9B7D32922A0F383D58C1" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_378739AF99EDFD6298FD2A0F383D3726" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D617331C206D9B7D32922A0F383D58C1" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_378739AF99EDFD6298FD2A0F383D3726" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_39E904AE02CAFB0B2CA02A0F383DA856" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_378739AF99EDFD6298FD2A0F383D3726" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_39E904AE02CAFB0B2CA02A0F383DA856" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_1F5FE1B0771309AA497D2A0F383EEF12" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_39E904AE02CAFB0B2CA02A0F383DA856" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_1F5FE1B0771309AA497D2A0F383EEF12" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_D80C41B9B47D0F2243752A0F383E07DD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_1F5FE1B0771309AA497D2A0F383EEF12" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_D80C41B9B47D0F2243752A0F383E07DD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_B792AA28C502A7CD201A2A0F383EF53A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_1F5FE1B0771309AA497D2A0F383EEF12" xlink:to="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_B792AA28C502A7CD201A2A0F383EF53A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_DF5AB9A80E8E4E1E51AD2A0F383EE2DF" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_378739AF99EDFD6298FD2A0F383D3726" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_DF5AB9A80E8E4E1E51AD2A0F383EE2DF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_50B7F0F8A41BB62CF1522A0F383E1E33" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_DF5AB9A80E8E4E1E51AD2A0F383EE2DF" xlink:to="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_50B7F0F8A41BB62CF1522A0F383E1E33" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_99D0B5FA2CB36F316EFA2A0F383EABE5" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_DF5AB9A80E8E4E1E51AD2A0F383EE2DF" xlink:to="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_99D0B5FA2CB36F316EFA2A0F383EABE5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_0BD61F45DF91E4FEE1E82A0F383E7621" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_99D0B5FA2CB36F316EFA2A0F383EABE5" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_0BD61F45DF91E4FEE1E82A0F383E7621" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/ShareBasedCompensationAndPostretirementBenefitsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_CB17A2D657BC48B190CE2A0F3873B660" xlink:type="locator"/>
<link:loc xlink:href="pg-20180331.xsd#pg_CompensationandEmployeeBenefitPlansTableTextBlock" xlink:label="loc_pg_CompensationandEmployeeBenefitPlansTableTextBlock_F82A6DC50A6A354D17D72A0F3873BA69" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_CB17A2D657BC48B190CE2A0F3873B660" xlink:to="loc_pg_CompensationandEmployeeBenefitPlansTableTextBlock_F82A6DC50A6A354D17D72A0F3873BA69" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/SubsequentEvent" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_894DB58B9775223898EAD04EF10D57AF" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_81966B08CC52F3EED0B5D05044495AC0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_894DB58B9775223898EAD04EF10D57AF" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_81966B08CC52F3EED0B5D05044495AC0" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://www.pg.com/role/SubsequentEventAdditionalInformationDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_91B5A692147F731B0A75D4D5E67DBF5C" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="loc_us-gaap_SubsequentEventTable_92B3447719561DEFE719D4D5E67EE42E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_91B5A692147F731B0A75D4D5E67DBF5C" xlink:to="loc_us-gaap_SubsequentEventTable_92B3447719561DEFE719D4D5E67EE42E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_06911941E9F39E9C9724D4D5E67F570A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_92B3447719561DEFE719D4D5E67EE42E" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_06911941E9F39E9C9724D4D5E67F570A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_4B4DC39C76A0FC48D5FAD4D5E67F5F6C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_06911941E9F39E9C9724D4D5E67F570A" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_4B4DC39C76A0FC48D5FAD4D5E67F5F6C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_30BC18D74D6C88CA5E57D4D5E67FC65C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_4B4DC39C76A0FC48D5FAD4D5E67F5F6C" xlink:to="loc_us-gaap_SubsequentEventMember_30BC18D74D6C88CA5E57D4D5E67FC65C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="loc_us-gaap_SubsequentEventLineItems_64176E0AD001E3AC745FD4D5E68059B7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_92B3447719561DEFE719D4D5E67EE42E" xlink:to="loc_us-gaap_SubsequentEventLineItems_64176E0AD001E3AC745FD4D5E68059B7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_F7C859146226C468009CD4EE6B06E2A1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_64176E0AD001E3AC745FD4D5E68059B7" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_F7C859146226C468009CD4EE6B06E2A1" xlink:type="arc"/>
</link:presentationLink>
</link:linkbase>

↑Top
Filing Submission 0000080424-18-000034   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Sun., Apr. 28, 1:19:58.1pm ET