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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
NET SALES $ 76,279 $ 80,510 $ 80,116
Cost of products sold 38,876 41,010 39,991
Selling, general and administrative expense 23,585 24,760 26,000
Goodwill and Indefinite-lived Intangibles Impairment Charges 0 0 308
Venezuela Deconsolidation Charge 2,028 0 0
OPERATING INCOME 11,790 14,740 13,817
Interest expense 626 710 667
Interest income 151 101 88
Other non-operating income/(expense), net 531 206 941
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 11,846 14,337 14,179
Income Tax Expense (Benefit) 2,916 3,019 3,226
NET EARNINGS FROM CONTINUING OPERATIONS 8,930 11,318 10,953
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (1,786) 467 449
NET EARNINGS 7,144 11,785 11,402
Less: Net earnings attributable to noncontrolling interests 108 142 90
NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE $ 7,036 $ 11,643 $ 11,312
BASIC NET EARNINGS PER COMMON SHARE:      
Earnings from continuing operations [1] $ 3.16 $ 4.03 $ 3.87
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share [1] (0.66) 0.16 0.17
BASIC NET EARNINGS PER COMMON SHARE [1],[2] 2.50 4.19 4.04
DILUTED NET EARNINGS PER COMMON SHARE:      
Earnings from continuing operations [1] 3.06 [3] 3.86 [3] 3.71
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share [1] (0.62) [3] 0.15 [3] 0.15
DILUTED NET EARNINGS PER COMMON SHARE [1],[2] 2.44 [3] 4.01 [3] 3.86
DIVIDENDS PER COMMON SHARE [1] $ 2.59 $ 2.45 $ 2.29
[1] Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.
[2] Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.
[3] Diluted net earnings per share is calculated on earnings attributable to Procter & Gamble.