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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 $ 70,749 $ 74,401 $ 73,910
Cost of products sold 37,056 39,030 38,052
Selling, general and administrative expense 20,616 21,461 22,499
Goodwill and Indefinite-lived Intangibles Impairment Charges 0 0 308
Venezuela Deconsolidation Charge 2,028 0 0
OPERATING INCOME 11,049 13,910 13,051
Interest expense 626 709 668
Interest income 149 99 85
Other non-operating income/(expense), net 440 209 940
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 11,012 13,509 13,408
Income Tax Expense (Benefit) 2,725 2,851 3,062
NET EARNINGS FROM CONTINUING OPERATIONS 8,287 10,658 10,346
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (1,143) 1,127 1,056
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] $ 2.92 $ 3.78 $ 3.65
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share [1] (0.42) 0.41 0.39
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] 2.84 [3] 3.63 [3] 3.50
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share [1] (0.40) [3] 0.38 [3] 0.36
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/(loss) attributable to Procter & Gamble.
[3] Diluted net earnings per share is calculated on earnings attributable to Procter & Gamble.