EX-11 5 x11ond06.htm EXHIBIT 11 - 10-Q OND 2006 Exhibit 11 - 10-Q OND 2006
EXHIBIT (11)

THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
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Computation of Earnings Per Share
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Amounts in millions except per share amounts
 


 
Three Months Ended
  
Six Months Ended
 
December 31
  
December 31
 
2006
  
2005
  
2006
  
2005
BASIC NET EARNINGS PER SHARE
              
Net earnings
$
2,862
  
$
2,546
  
$
5,560
  
$
4,575
Preferred dividends, net of tax benefit
  
39
   
36
   
78
   
72
Net earnings available to common shareholders
$
2,823
  
$
2,510
  
$
5,482
  
$
4,503
                       
Basic weighted average common shares outstanding
  
3,161.7
   
3,307.7
   
3,168.4
   
2,870.4
                       
Basic net earnings per common share
$
0.89
  
$
0.76
  
$
1.73
  
$
1.57
                       
DILUTED NET EARNINGS PER SHARE
                      
Diluted net earnings
$
2,862
  
$
2,546
  
$
5,560
  
$
4,575
                       
Basic weighted average common shares outstanding
  
3,161.7
   
3,307.7
   
3,168.4
   
2,870.4
Add potential effect of:
                      
    Conversion of preferred shares
  
150.5
   
154.7
   
151.0
   
155.1
    Exercise of stock options and other
    Unvested Equity awards
  
94.3
   
84.6
   
90.7
   
72.5
                       
Diluted weighted average common shares outstanding
  
3,406.5
   
3,547.0
   
3,410.1
   
3,098.0
                       
Diluted net earnings per common share
$
0.84
  
$
0.72
  
$
1.63
  
$
1.48