Watch CNBC's full interview with P&G CEO Jon Moeller on earnings

P&G CEO Jon Moeller sits down with CNBC's 'Squawk Box' to react to the company's latest quarterly earnings, which beat Wall Street's revenue and earnings estimates. Moeller discusses how the company was able to offset higher costs by raising prices and breaks down how P&G is navigating its relationship with China—the consumer giant's second-largest market in sales and profit.