EX-11 6 ond12exhibit11.htm COMPUTATION OF EARNINGS PER SHARE OND 12 Exhibit 11


EXHIBIT 11
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
 
Three Months Ended December 31
 
Six Months Ended December 31
Amounts in millions except per share amounts
2012
 
2011
 
2012
 
2011
BASIC NET EARNINGS PER SHARE
 
 
 
 
 
 
 
Net earnings from continuing operations
$
4,076

 
$
1,672

 
$
6,929

 
$
4,671

Net earnings attributable to noncontrolling interests
$
(19
)
 
$
(23
)
 
$
(58
)
 
$
(56
)
Net earnings from continuing operations attributable to Procter & Gamble
$
4,057

 
$
1,649

 
$
6,871

 
$
4,615

Preferred dividends, net of tax benefit
$
(65
)
 
$
(64
)
 
$
(122
)
 
$
(119
)
Net earnings from continuing operations attributable to Procter & Gamble available to common shareholders
$
3,992

 
$
1,585

 
$
6,749

 
$
4,496

Net earnings from discontinued operations
$
—

 
$
41

 
$
—

 
$
99

Net earnings attributable to Procter & Gamble available to common shareholders
$
3,992

 
$
1,626

 
$
6,749

 
$
4,595

 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,735.2

 
2,756.6

 
2,741.9

 
2,756.2

 
 
 
 
 
 
 
 
Basic net earnings per common share - continuing operations
$
1.46

 
$
0.58

 
$
2.46

 
$
1.63

Basic net earnings per common share - discontinued operations
$
—

 
$
0.01

 
$
—

 
$
0.04

Basic net earnings per common share
$
1.46

 
$
0.59

 
$
2.46

 
$
1.67

 
 
 
 
 
 
 
 
DILUTED NET EARNINGS PER SHARE
 
 
 
 
 
 
 
Net earnings from continuing operations attributable to Procter & Gamble
$
4,057

 
$
1,649

 
$
6,871

 
$
4,615

Net earnings from discontinued operations
$
—

 
$
41

 
$
—

 
$
99

Net earnings attributable to Procter & Gamble
$
4,057

 
$
1,690

 
$
6,871

 
$
4,714

 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,735.2

 
2,756.6

 
2,741.9

 
2,756.2

Add potential effect of:
 
 
 
 
 
 
 
Conversion of preferred shares
117.6

 
124.5

 
118.8

 
125.0

Exercise of stock options and other unvested equity awards
66.3

 
68.6

 
65.4

 
65.3

Diluted weighted average common shares outstanding
2,919.1

 
2,949.7

 
2,926.1

 
2,946.5

 
 
 
 
 
 
 
 
Diluted net earnings per common share - continuing operations
$
1.39

 
$
0.56

 
$
2.35

 
$
1.57

Diluted net earnings per common share - discontinued operations
$
—

 
$
0.01

 
$
—

 
$
0.03

Diluted net earnings per common share
$
1.39

 
$
0.57

 
$
2.35

 
$
1.60